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STA TE BANKING DEPARTMENT
LANSING, MICHIGAN

FIFTY-FIRST ANNUAL REPORT


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Federal Reserve Bank of St. Louis

OF THE COMMISSIONER

FOR TH E YEAR ENDED
DECEMBER 31, 1939

BY AUTHORITY

Fr a n k l in D eKlein e C o m p a n y
PRINTERS

-

LITHOGRAPHERS - BOOKBINDERS
Lan sin g
1940


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Federal Reserve Bank of St. Louis

C ONTENTS
Page
COM MISSIONERS OF TH E BA N K IN G D E P A R T M E N T ......................................

1

LIST OF OFFICERS AN D EM PLO YE E S....................................................................

3

L E T T E R OF T R A N S M IT T A L ..........................................................................................

5

ABSTRACTS OF REPORTS
State Banks in M ichigan...............................................................................................

8

Industrial Banks in M ichigan.......................................................................................

10

Trust Companies in Michigan......................................................................................

12

National Banks in M ichigan.........................................................................................

14

CORPO RATE CHANGES D U RIN G 1939
Branch offices established..............................................................................................

16

Institutions merged.........................................................................................................

16

Change in location...........................................................................................................

16

Changes of corporate title..............................................................................................

16

Banks placed in voluntary liquidation........................................................................

16

Changes in capital stock.................................................................................................

17

Banks admitted to membership in the Federal Reserve System...........................

18

Bank admitted to insurance with Federal Deposit
Insurance Corporation............................................................................................

18

Extensions of corporate existence................................................................................

18

List of Banks granted industrial loan powers....................................................................

19

List of Banks granted trust powers......................................................................................

22

List of Member Banks of the Federal Reserve System...................................................

23

Earnings and dividends for the year 1939..........................................................................

25

Number of depositors..............................................................................................................

26

Number of examinations conducted.....................................................................................

26

Reserve cities designated........................................................................................................

26

Receipts and disbursements of the Banking Department...............................................

27

L IQ U ID A TIN G TRUSTS
Department Receiverships.............................................................................................

29

Court Receiverships.........................................................................................................

31

Condensed abstract of Receiverships...........................................................................

33

Trusts of Segregated Assets under Act 32..................................................................

34

Depositors Corporations.................................................................................................

38

Trusts of Segregated Assets under Act 8 ....................................................................

40

Reports of State Banks, Industrial Banks, and Trust Companies................................

41

Abstract of reports of Credit Unions.......................................................................................
Abstracts of reports of Small Loan Licensees....................................................................

228
229

List of Small Loan Licensees.....................................................................................................

236

Reports of Safe and Collateral Deposit Companies.............................................................

241

Reports of National Banks in M ichigan.................................................................................

245


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Federal Reserve Bank of St. Louis

COMMISSIONERS OF THE BANKING DEPARTMENT
State of Michigan

No.
1

Name

Date of Appointment

Remarks

Theodore C. Sherwood. . . .January 7, 1889........ .Resigned November 7, 1896

2

Daniel B. Ainger............ . .November 11, 1896. . .Resigned April 1, 1897

3

Josiah E. Just.................. . .April 1, 1897.............. .Died February 19, 1898

4

George L. M altz............. . .February 26, 1898. . . .Term expired January 8, 1903

5

George W. M oore........... . .January 8, 1903........ .Term expired February 19, 1907

6

Henry M. Zimmerman. . . .February 19, 1907... .Resigned January 11, 1911

7

Edward H. D oyle........... . .January 18, 1911. . . . .Term expired February 14, 1915

8

Frank W. Merrick.......... . .January 13, 1915 . . . . .Resigned April 27, 1921

9

Hugh A. McPherson. . . . . .April 27, 1921............. .Resigned January 1, 1927

10

Rudolph E. Reichert. . . . . .January 21, 1 9 2 7 . . . . , .Resigned February 15, 1936

11

Howard C. Lawrence. . . . .February 15, 1936... . Resigned December 31, 1936

12

Charles T. Fisher, J r . .. . . .January 2, 1937.......... Resigned January 10, 1938

13

Alvan Macauley, Jr........ . .January 13, 1938........ Resigned July 26, 1939

14

Frederick B. Elliott, Jr.. . .July 26, 1939


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Federal Reserve Bank of St. Louis

RE PO R T OF THE COMMISSIONER

DEPARTMENT OFFICERS, ASSISTANT ATTORNEY GENERAL,
DIVISION CHIEFS AND EMPLOYEES
AS AT DECEM BER 31, 1939
Name

Address

Designation

Frederick B. Elliott, Jr............ Flint....................................... Commissioner
E. W. Nelson.......................... Ann Arbor.............................Deputy Commissioner
John A. Baxter...........................D etroit................................... Assistant Attorney General
H. G. Taylor.............................. Lansing.................................. Chief Examiner
R. A. Carroll........................... Bellevue...................... ..........Chief, Liquidation Division
I. E. Quick..................................PleasantRidge.......................Chief, Auditing Division
Marion J. W oolley.................... Lansing..................................Chief Clerk
Vera Adams................
K. C. Aldrich........
Valda Barlow.............
G. M. Black...............
Edna Brown...............
D. E. Collard.............
Eva A. C ook..............
F. L. C u lly .............
Muriel D avis..............
H. A. Esterdahl.........
Smith Falconer..........
M. G. Fiegel...............
E. B. Finley, J r .........
Frieda Fitzpatrick. . .
E. F. Form ed..........
E. O. Fults.................
Mary Geisinger..........
H. S. G ie s ..................
Maurine G ill..............
Florence Greene........
I. H. Hamilton..........
Charlotte Hazard
C. E. Hengesbach_
Dorothy Hennen
John H ill.....................
R. I. Hudson..............
Margaret Jolie...........
C. E. Kearns...........
June Kessler...............
Frank C. K eyes.........
F. M. Kropschot. . . .
R. K. Lapworth........
J. F. Mara, Jr............
Allan Martindale. . . .
M. J. M artin ._______
Glenn E. M assnick...
Frances M athew s.. ..
Bessie M cG ee.............
E. G. M cG ugan.........
William M cK night. ..
Martha M eyering... .
C. E. Miller................
Marion Miller............
G. D. M onroe............
Marguerite C. Moore
Darlyne M orofsky. . .
Rhea Muchler............
Carolyn Parker..........
I. J. Peterson..........
E. R. Robinson..........
Lillian Rogalski.........


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Lansing...................,
Jackson....................
Okemos....................
Lansing....................
Jackson...................
Lansing...................
Saginaw..................
Kalam azoo.............
St. Johns................
Whitehall...............
Belleville................
Ann Arbor..............
Grand Rapids........
Lansing...................
D etroit....................
Flint........................
Detroit....................
Detroit....................
Lansing...................
Lansing...................
Grand Rapids........
Lansing...................
Lansing...................
West Branch..........
Mt. Clemens..........
Decatur..................
.Houghton...............
Owosso....................
Lansing...................
Bronson..................
Lansing...................
Shaftsburg..............
Battle Creek..........
Farmington............
Elsie........................
D etroit....................
Grand Ledge..........
Lansing...................
Kalamazoo.............
Detroit....................
East Grand Rapids
,Lansing...................
. Lansing...................
. Howell....................
Farmington............
. Lansing...................
, Lansing...................
, Lansing...................
Lansing...................
Battle Creek..........
Grand Rapids........

Clerk
Examiner
Secretary
Assistant Examiner
Clerk
Auditor
Typist
Assistant Auditor
Stenographer
Examiner
Examiner
Examiner
Examiner
Stenographer
Assistant Auditor
Assistant Examiner
.Stenographer
Examiner
Stenographer
Clerk
Examiner
Stenographer
Assistant Examiner
Typist
Messenger
. Examiner
Typist
Examiner
Typist
Examiner
Examiner
, Examiner
,Auditor
Examiner
Field Representative
Trust Examiner
.Stenographer
, Clerk
, Examiner
. Assistant Auditor
. Stenographer
, Examiner
. Stenographer
. Examiner
. Stenographer
. Secretary
.Typist
, Stenographer
, Assistant Auditor
. Examiner
.Typist

3

4

STATE BANKING D EPAR TM E N T

H. E. Rom ig...........................Kalamazoo............................ Examiner
W. L. R o y .................................. Lansing.................................. Examiner
W. J. Schriemer......................... Grand Rapids..................... .Examiner
G. A. Spencer............................ Ypsilanti................................Examiner
Peter Talentino......................... Laurium.................................Examiner
Bernice Thiedeman.................. Lansing.................................. Stenographer
Rhea May T w ite...................... Alpena....................................Typist
Marion Vermetti.......................Lansing.................................. Clerk
D. T. Webster........................ Grosse Pointe Farms........... Examiner
H. O. W ells................................ Union C ity ............................ Examiner
R. C. Wixson............................. Port Huron............................Examiner


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RE PO R T OF TH E

COMMISSIONER

5

STATE BA N K IN G D E PA R TM E N T
Lansing, Michigan, January 2, 1940
Honorable Luren D. Dickinson
Governor of Michigan
Lansing, Michigan
Dear Sir:
I have prepared and herewith submit for your consideration the Fifty-first Annual
Report of the Banking Department of the State of Michigan, for the year ended Decem­
ber 31, 1939, as provided in Section 20 of the Michigan financial institutions act.
Our Banking Structure
The Michigan state banking system is now composed of 351 commercial banks, 7 in­
dustrial banks, and 12 trust companies. In addition, the State Banking Department has
charge of 165 credit unions, and 231 small loan licensees. Of the commercial banks, 37%
are members of the Federal Reserve system, as compared to 10% of all state banks through­
out the nation. All but ten banks in Michigan, or 97.1%, are members of the Federal Deposit
Insurance Corporation, while throughout the several states 90% of the banks carry this
insurance. There are about one-fourth as many national banks operating in Michigan as
there are state banks.
The resources of the 351 commercial state banks now amount to $767,131,348.43, which
is a growth of 65 million dollars since December 31, 1938. Deposits in our state banks now
total $696,128,939.37, an increase of 61 million dollars.
Of the assets held by commercial state banks on December 31, 1939, 38.4% are govern­
ment and corporate securities, 29.8% are loans and discounts, and 29.1% are made up of
cash, reserves, and due from banks. Percentage-wise there has been a noticeable reduction
in assets made up of bond investments with a corresponding increase in cash reserves.
While loans and discounts show a healthy growth as to volume, with an increase of 30
million dollars, or 15.2%, as compared to 5.7% in 1938, this increase has not greatly ex­
ceeded the normal growth in the resources of state commercial banks as a whole.
Bond portfolios show an aggregate drop of 13 million dollars in government issues but
these holdings still constitute nearly one-fourth of the total assets of our state banks.
Holdings in municipal bonds are larger by 10 million dollars, and there is an aggregate
drop of 12 million dollars in corporate issues. In terms of investment ratios, the proportion
of government issues to total investments is now 63.6% as contrasted to 64.8% for last
year, municipal bonds have jumped to 22.7% from 18.2%, while corporate issues have
dropped to 13.7% from 17% in 1938. Analyses of our examiners’ reports show a decided
improvement as to quality in the investment portfolios of our banks, despite the swing
away from government issues, and there is also a better record as to earnings. There seems
to be a definite trend toward the purchasing of high grade municipal issues, often local
in character. Fewer bond assets were criticised by examiners this past year.
The changing aspect of assets on the whole is best illustrated by making comparisons
with the situation as it existed in 1929. At that time, loans and discounts were 61.7% of
all assets, and bonds and other securities, 23.3%. Relatively, our state banks are making
about one-half as many local loans as they did ten years ago, and their bond portfolios
are nearly twice as large. In the past five years, loans and discounts have averaged about
28% of all assets, and bonds, 44%.
Real estate owned, other than banking premises, now amounts to only 0.3% of the
total assets of commercial banks. In 1939, the carrying value was reduced by $1,369,597.48,
to a new low figure of $2,904,545.32, which is a shrinkage of 32%.
It is interesting to note an improvement in our state banking structure as it pertains to
the capital account of the 351 commercial banks. This shows an increase of $3,482,020.49
for the current year.
A comparatively long term program of increasing the capitalization of various banks,
necessitated by the statutory requirements of our new banking code, the Michigan financial
institutions act, which became operative in 1937, is now well under way. In 1939, a number
of the smaller banks increased their common stock from $20,000.00 to $25,000.00 as required
by law, and many larger institutions made similar adjustments due to growth in deposits and
in populations of the cities where they are located. The net aggregate increase s common
stock of commercial state banks for 1939 amounted to $2,632,790.00. Thus it is seen that


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6

STATE BANKING DEPARTMENT

capital structure, which represents a cushion against the depreciation of assets and con­
tributes materially to the security of depositors, is being continually strengthened.
Incidentally, it is of more than passing interest to observe that the preferred stock in
our commercial banks, trust companies, and industrial banks, has been reduced from an
original amount of 25 million dollars to 14 million dollars, as of December 31, 1939. As a
matter of fact, in our industrial banks all preferred stock has been eliminated. During the
year ended December 31, 1939, preferred stock of an aggregate par value of $3,306,350.00
was retired by 51 state banks. New or additional preferred stock in the amount of
$210,000.00 was issued, so that the net decrease for the year in the aggregate par value of
preferred stock was $3,096,350.00, or 18%.
No new charters for state banks were granted during 1939, and the State Banking
Department will continue to be very conservative in considering requests for new charters,
having in rnind that additional banking facilities will be permitted only where it is felt
that they will be genuinely needed. Five banks went into voluntary liquidation during the
year.
Liquidation Division
In the field of bank liquidation, dividends to depositors paid by receiverships and trusts
for 1939 have aggregated $13,087,846.62. A total of 59 bank liquidating projects paid final
dividends during the year. There are 237 of such projects still functioning with unpaid
deposit liabilities in the aggregate of $50,100,420.27.
As to the 64 receiverships originally set up under direct Department supervision in
1933 and 1934, 43 have now been terminated, with 21 still being in existence. A total of
21 wound up their affairs in 1939. There were 20 court receiverships which were closed
in 1939, with 57 now remaining in operation. Act 32 trusts still functioning total 108 and
there now 46 depositors corporations in existence.
Of the 436 banks and trust companies, under state supervision, which were closed by
the Governor’s proclamation in 1933, with total deposits of $481,229,914.76, there has
now been returned to creditors in initial releases and dividends a total of $429,405,781.00,
or an average of 89.23%. The average depositor, therefore, has recovered thus far $89.23
for every $100.00 he had impounded.
In 1933 there were at the outset 207 state banks, with deposits of $254,295,905.00,
which reopened immediately, and no depositor lost a dollar. A total of 167 banks were
permitted to reorganize. These had deposits of $112,033,595.00. Initial releases from
these particular banks together with dividend payments during the seven-year period
have now reached $93,390,418.00, or 83.36%. At the time of the banking holiday there
were 58 other state banks, in a different category, which were not allowed to reopen or
reorganize, and which were placed in receivership. Their deposits were $56,808,615.00,
and payments to their creditors up to date have totaled $42,974,043.00, or 75.71%. Elimin­
ating the 207 banks and trust companies which were found to be solvent in 1933, there
were 229 institutions which went through some form of reorganization or were placed in
oui:? ^ hi. receivership. These had total deposits of $226,934,009.00, and up to date have
paid $175,109,876.00, or 77.1% to creditors.
The following figures indicate the changes, as above discussed, which have occurred in
banks under the supervision of the State Banking Department since February 11, 1933:

Deposits at
2-11-33

Released
Deposits

Dividend
Payments
Authorized to
12-31-39

State Banks.................................... $241,548,969 00 $241,548,969 00
Industrial Banks...........................
6,522,545 00
6,522,545 00
Trust Companies......................
6,224,391 00
6,224,391 00
Department Receiverships.........
56,756,361 00
7,747,529 00
Reorganizations (A ct 32 Trusts)
76,647,768 00
45,100,926 00
Reorganizations (A ct 32 “ 54”
Bank P la n )................................
35,385,827 00
17,964,182 00
Trust Company Reorganizations
58,091,801 00
14,786,525 00
Trust Company R eceivership...
52,252 00
52,252 00

$35,226,514 00
20,589,993 00

$481,229,914 00 $339,947,319 00

$89,458,462 00


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Federal Reserve Bank of St. Louis

9,735,317 00
23,906,638 00

Percentage
Returned
to
Depositors

100%
100
100
75.71
85.70
78.27
66.61
100

8 9.2 3%

REPORT OF THE COMMISSIONER

7

Small Loan Licensees and Credit Unions
As of December 31, 1939, there were 231 active small loan companies licensed in this
state under the supervision of the Banking Department. As of this date,^ loans <
of |300
or less were outstanding on the books of small loan licensees in the sum of |24,427,366.U9.
During the past year small loan licensees made 316,735 loans, aggregating $45,069 708.24
The 1939 Session of the Legislature passed a new small loan act patterned alter the sixth
draft of the Uniform Small Loan Act in force in more or less modified form in approxi­
mately 30 of our states. This Department cooperated with the Legislature by furnishing
factual information which enabled legislators to consider the merits of the bill.
Two small loan licenses were revoked in the latter part of 1939, that being in accord
with our policy of requiring strict compliance with thesm all loan act. In our supervision
of small loan companies the Department has been mindful of the fact that authorities
seeking to regulate the small loan industry should be guided by two rules, i.e, the borrower
must be protected against extortionate rates, and the lender must be allowed sufficient
income to permit a fair return upon efficiently operated capital.
There are also under the supervision of the State Banking Department 165 credit unions.
Of this number 23 credit unions were chartered during the year 1939. Four charters were
dissolved. As of December 31, 1939, total assets of credit unions aggregated $6,720,068.8/,
which is a substantial increase for the twelve months period.
General
. .
The year 1939 has brought to a close an important ten-year cycle in the supervision and
management of Michigan state banks. Basic changes in our internal economy, the present
upheaval in Europe, and other influences, suggest that this turn of the decade may be the
beginning of another distinct period in the financial field. A moderate but sustained im­
provement in business, if it comes, will present no great problems.
A survey of our state banking system for the past twelve months shows certain trends,
whose duration and full significance cannot be foretold or measured as yet, but which
are of interest— a small but somewhat surprising reduction in government bond holdings,
both percentage-wise and as to dollar volume; a quite sharp increase in local loans,
niounting cash reserves which were already huge and greatly in excess of requirements,
as well as equally large increases in deposits.
Speaking generally, state banks continued to do relatively well, in 1939, as concerns
gross earnings. However, our studies show that higher percentages of gross earnings
should be realized as net earnings from current operations, and higher percentages of
net earnings should find their way into undivided profits. Those in charge ot bank
management may well explore the possibilities of effecting reductions in expenses^ taking
fewer losses, and eliminating the necessity of large depreciation charges on securities.
Any considerations as to the future suggest caution. In the past, as we know, banking
and industry in this country seem to have ben geared solely for expansion, not tor contraction and a shrinking economy, when it has come, has been^ quite unexpected and
relatively painful. We should not feel that we shall never have a period of instability again.
Such matters as our mounting deposits and excess cash reserves, which do not seem to
have reached their peak, and banking developments which will come when the Second
World War ends, for example, or when the national government ceases to borrow in excess
of its income— these problems, which are merely illustrative in nature, show the necessity
for careful preparedness in bank management and supervision. In all our deliberations
and planning I think we should continually remind ourselves that we are the custodians
of other people’s money, and the nature of this trusteeship inspires great caution.
I do not wish to conclude this report without a reference to the very fine cooperation
that exists between this Department and the Federal bank supervisory agencies. I he
cordial and mutually helpful relations existing between the State Banking Department,
the Federal Reserve Banks of Chicago and Minneapolis, the Federal Deposit Insurance
Corporation, and the office of the Comptroller of the Currency have assisted greatly
in accomplishing results which have been of great benefit to this Department, and con­
sequently to the banks under our supervision.


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Respectfully submitted,
F R E D E R IC K B. ELLIOTT, JR.
Commissioner of the Banking Department

8

STATE BANKING D EPARTM EN T

TABLE No. 1— Abstracts of reports of condition of the State Banks of Michigan
(exclusive of Industrial Banks and Trust Companies) at December 31, 1938.
March 29, 1939, June 30, 1939 and October 2, 1939.

ASSETS

Report of
12-31-38
356 Banks

Report of
3-29-39
354 Banks

Report of
6-30-39
354 Banks

Report of
10-2-39
352 Banks

Loans and discounts (including overdrafts)........... $198,791,929 65 $198,812,594 93 $211,107,989 61
United States Government obligations, direct and
guaranteed...............................................
200,787,127 86 198,797,913 37 205,422,713 62
Obligations of States and political subdivisions__
56,518,909 33
62,491,036 15
68,264,009 62
Other bonds, notes and debentures....................
51,660,415 09
48,538,543 06
46,397,800 87
Corporate stocks (including stock of Federal Re­
serve Banks).................... .....................
1,075,821 50
1,151,489 50
1,155,142 50

$217,176,895 58

$508,834,203 43 $509,791,577 01 $532,347,656 22

$520,983,146 27

Cash, balances with other banks, including reserve
balances, and cash items in process of collection.. $172,886,801 85 $181,012,489 99 $173,407,341 14
Bank premises owned.........................
11,655,905 78
11,611,400 69
11,582,637 50
Furniture and fixtures...........................
1,512,062 71
1,544,441 77
1,539,276 89
Real estate owned other than bank premises..........
4,274,142 80
4,126,105 52
3,804,907 10
Investments and other assets indirectly representing
bank premises or other real estate...........
171,997 79
1,074,168 22
1,459,393 81
Customers’ liability on acceptances outstanding___
13,823 00
10,130 00
11,005 00
Other assets........................................
1,947,183 48
2,040,205 27

Total Assets...........................................

$701,296,120 84 $711,210,518 4

189,979,051 28
69,821,149 83
42,817,650 14
1,188,399 44

$206,927,087
11,602,512
1,535,352
3,336,615

34
02
34
78

1,441,161 93
3,000 00
2,129,368 96

$747,958,244 64

LIABILITIES
Demand deposits of individuals, partnerships, and
corporations.........................................
$184,391,409 04 $181,146,735 29
Time deposits of individuals, partnerships, and
corporations..............................
360,841,605 90 372,233,860 35
Deposits of United States Government (including
postal savings)..........................................
4,555,385 69
4,499,250 87
Deposits of States and political subdivisions.......
64,568,946 79
64,862,695 30
Deposits of banks.............................
13,685,643 93
13,920,053 39
Other deposits (certified and officers’ checks, etc.)..
6,254,340 25
5,544,458 33

Total Deposits..................................
Bills payable, rediscounts, and other liabilities for
borrowed money...............................
Acceptances executed by or for account of report­
ing banks and outstanding......................
Other liabilities................................

Total Liabilities..............................

$208,762,994 20
378,863,433 62
5,503,293
49,162,445
13,797,095
6,042,971

43
77
38
15

$634,297,331 60 $642,207,053 53 $656,283,444 37
7,000 00

37,000 00

13,823 00
2,078,094 20

10,130 00
2,550,272 97

384,585,735 74
5,402,050
57,964,097
14,284,608
6,256,746

33
58
53
11

$677,256,232 49

11,005 00
2,313,092 41

2,856,722 17

$636,396,248 80 $644,804,456 50 $658,607,541 78

$680,115,954 66

CAPITAL ACCOUNTS
First preferred stock............................
Second preferred stock...................
Common stock..........................
Surplus.........................................
Undivided profits..........................
Reserves (and retirement account for preferred
capital)..................................

$15,678,534
1,312,650
25,857,335
11,664,134
5,566,134

00
00
00
90
57

00
00
00
90
43

$14,322,584 00
687,650 00
27,987,935 00

4,821,083 57

4,789,722 64

4,609,810 85

4,117,957 30

$64,899,872 04

$66,406,061 97

$67,599,950 01

$67,842,289 98

Total Liabilities and Capital Accounts............. $701,296,120 84 $711,210,518 47 $726,207,491 79

$747,958,244 64

Total Capital Accounts...........................


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Federal Reserve Bank of St. Louis

$14,985,184
739,800
26,634,360
12,504,619
6,752,375

$13,507,984 00
692,650 00
13,726,863 64
7,536,710 04

9

RE PO R T OF THE COMMISSIONER

TABLE No. 2— Abstracts of Reports of Condition of 351 State Banks (Exclusive
of Industrial Banks and Trust Companies) at the close of Business December
30, 1939.

ASSETS

United States Government obligations, direct and
Obligations of States and political subdivisions----Corporate stocks (including stock of Federal Re-

325 other Banks
in the 7th
Federal Reserve
District

22 Banks in
the 9th
Federal Reserve
District

$67,275,664 71 $156,124,518 10

$5,809,903 62

$229,210,076 43

92,621,715 01
16,649,874 45
8,827,412 50

91,583,031 76
48,779,659 17
27,616,453 65

3,582,156 43
1,807,572 65
2,584,184 48

187,786,903 20
67,237,106 27
39,028,050 63

401,976 00

726,155 50

34,980 00

1,163,111 50

$185,776,632 67 $324,829,818 18

$13,818,797 18

$524,425,248 03

4 Detroit Banks
in the 7th
Federal Reserve
District

Cash, balances with other banks, including reserve
balances, and cash items in process of collection.. $89,934,277
2,784,916
224,689
1,384,685
Investments and other assets indirectly representing
1,266,864

34 $125,336,945 09
8,367,460 23
02
1,115,460 66
70
1,426,253 73
04

$8,087,272
430,885
81,768
93,606

35
10
65
55

Total for the
351 State Banks

$223,358,494
11,583,261
1,421,919
2,904,545

78
35
01
32

161,538 80
2,500 00
701,182 33

9,102 70

1,428,403 18
2,500 00
2,006,976 76

$282,668,756 88 $461,941,159 02

$22,521,432 53

$767,131,348 43

$83,273,140 59 $126,920,068 76

$5,392,119 19

$215,585,328 54

238,515,260 52

12,588,547 38

391,162,033 11

38

1,296,691 73

LIABILITIES
Demand deposits of individuals, partnerships, and
Time deposits of individuals, partnerships, and
Deposits of United States Government (including

Other deposits (certified and officers’ checks, etc.)..

140,058,225 21
3,767,064
22,676,170
7,946,297
3,980,354

86
89
15
15

1,869,572
36,501,604
7,753,380
3,150,249

17
10
75
87

163,373
1,423,736
64,935
84,838

00
70
35
73

5,800,010
60,601,511
15,764,613
7,215,442

03
69
25
75

$261,701,252 85 $414,710,136 17

$19,717,550 35

$696,128,939 37

2,500 00
1,129,143 16

3,737 27

2,500 00
2,618,016 53

$263,186,388 95 $415,841,779 33

$19,721,287 62

$698,749,455 90

Acceptances executed by or for account of reporting
1,485,136 10

CAPITAL ACCOUNTS
$5,770,000 00
5,750,000 00
3,955,000 00
1,853,620 34
Reserves (and retirement account for preferred


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Federal Reserve Bank of St. Louis

$7,234,134
485,650
21,489,125
10,201,615
4,514,216

00
00
00
62
22

$244,850
197,000
1,251,000
526,500
515,905

00
00
00
00
16

$13,248,984
682,650
28,490,125
14,683,115
6,883,741

00
00
00
62
72

2,153,747 59

2,174,638 85

64,889 75

4,393,276 19

$19,482,367 93

$46,099,379 69

$2,800,144 91

$68,381,892 53

$282,668,756 88 $461,941,159 02

$22,521,432 53

$767,131,348 43

10

STATE BANKING DEPARTMENT

TABLE No. 3— Abstracts of reports of condition of Industrial Banks of Michigan
at December 31, 1938, March 29, 1939, June 30, 1939 and October 2, 1939.
Report of
12-31-38
7 Banks

Report of
3-29-39
7 Banks

Report of
6-30-39
7 Banks

Loans and discounts................................................
United States Government obligations, direct and
guaranteed...........................................................
Obligations of States and political subdivisions.......
Other bonds, notes and debentures.........................
Corporate stocks (including stock of Federal Reserve Bank)..........................................................

$14,257,355 22

$13,858,661 25

$15,189,176 62

$14,945,364 29

3,531,142 58
650,973 53
737,589 28

4,999,866 94
678,409 93
748,074 73

4,726,081 47
802,790 77
784,484 19

4,684,278 51
802,476 63
641,245 02

40,500 00

49,500 00

49,500 00

54,000 00

Total Loans and Investments..........................

$19,217,560 61

$20,334,512 85

$21,552,033 05

$21,127,364 45

ASSETS

Cash, balances with other banks, including reserve
balances, and cash items in process of collection..
Bank premises owned.............................................
Furniture and fixtures...........................................
Real estate owned other than bank premises..........
Investments and other assets indirectly representing
bank premises or other real estate.......................
Other assets...........................................................

Total Assets.....................................................

$3,918,674
180,550
36,381
104,929

92
00
34
42

$3,633,978
176,050
35,734
103,570

14
00
24
28

$3,232,753
167,050
34,132
99,144

Report of
10-2-39
7 Banks

09
00
52
92

$3,647,369
194,800
33,128
63,379

40
00
28
44

1,626 15
90,334 13

1,575 29
25,627 13

1,523 66
38,709 35

1,446 25
43,734 29

$23,550,056 57

$24,311,047 93

$25,125,346 59

$25,111,222 11

$140,838 18

,
$132,249 68

LIABILITIES
Demand deposits of individuals, partnerships, and
corporations........................................................
Time deposits of individuals, partnerships, and
corporations.........................................................
Deposits of States and political subdivisions...........
Deposits of banks....................................................
Other deposits (certified and officers’ checks, etc.)..

Total Deposits................................................

18,951,764
52,515
145,900
7,968

27
23
00
14

19,441,286
48,833
149,000
11,268

63
24
00
78

$141,528 77
19,943,973
•49,251
133,000
59,637

67
16
00
65

$162,663 99
19,960,925
49,321
123,000
37i182

48
57
00
42

$19,298,985 82

$19,782,638 33

$20,327,391 25

$20,333,093 46

Bills payable, rediscounts and other liabilities for
borrowed money.................................................
Other liabilities........................................................

10,000 00
1,195,363 21

1,326,723 84

166,485 36
1,355,432 02

8,940 40
1,359,113 48

Total Liabilities................................................

$20,504,349 03

$21,109,362 17

$21,849,308 63

$21,701,147 34

CAPITAL ACCOUNTS
Common stock.......................................................
Surplus..................................................................
Undivided profits.....................................................
Reserves............................................................

$1,227,000
1,206,000
276,733
335,974

00
00
32
22

$1,227,000
1,201,500
343,150
430,035

00
00
74
02

$1,227,000
1,353,500
258,795
436,742

00
00
72
24

$1,227,000
1,355,500
345,905
481,669

00
00
40
37

Total Capital Accounts....................................

$3,045,707 54

$3,201,685 76

$3,276,037 96

$3,410,074 77

Total Liabilities and Capital Accounts............

$23,550,056 57

$24,311,047 93

$25,125,346 59

$25,111,222 11


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Federal Reserve Bank of St. Louis

11

RE PO R T OF THE COMMISSIONER

TABLE No. 4— Abstracts of reports of condition of 7 industrial Ibuvk^al^jJjtc
close of business December 30, 1939

ASSETS

United States Government obligations, direct and
Obligations of States and political subdivisions.........
Corporate stocks (including stock of Federal Reserve

Cash, balances with other banks, including reserve
balances, and cash items in process of collection ...

T otal for the
7 Industrial
Banks

4 other
Industrial
Banks

3 Detroit
Industrial
Banks

$11,549,986 63

$3,657,016 74

$15,207,003 37

3,709,949 22
176,697 26
46,268 75

1,038,841 18
519,856 73
325,601 11

4,748,790 40
696,553 99
371,869 86

45,000 00

9,000 00

54,000 00

$15,527,901 86

$5,550,315 76

$21,078,217 62

$2,822,255
93,000
1
19,646
47,745

28
00
00
69
02

$18,510,549 85

$1,263,475
93,550
29,909
4,054
9,538

25
00
31
45
91

$6,950,843 68

$4,085,730
186,550
29,910
23,701
57,283

53
00
31
14
93

$25,461,393 53

LIABILITIES
Demand deposits of individuals, partnerships, and
Time* deposits of individuals, partnerships, and

$52,978 75
14,923,963 95
15,000 00

$110,067 91
5,490,846
46,926
103,000
28,998

03
12
00
80

$163,046 66
20,414,809
46,926
118,000
28,998

98
12
00
80

$14,991,942 70

$5,779,838 86

$20,771,781 56

999,045 52

223,318 32

1,222,363 84

$15,990,988 22

$6,003,157 18

$21,994,145 40

$700,000
1,146,481
315,572
357,507

$527,000
242,000
83,468
95,217

CAPITAL ACCOUNTS


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Federal Reserve Bank of St. Louis

00
61
07
95

00
00
94
56

$1,227,000
1,388,481
399,041
452,725

00
61
01
51

$2,519,561 63

$947,686 50

$3,467,248 13

$18,510,549 85

$6,950,843 68

$25,461,393 53

12

STATE BANKING D EPARTM EN T

TABLE No. 5— Abstracts of reports of condition of Trust Companies of Michigan
at December 31, 1938, March 29, 1939, June 30, 1939 and October 2, 1939.

ASSETS

Loans..............................................................
Advances to trusts...........................................
Accounts receivable.................................................
Customers’ liability under letters of credit and
travelers’ checks...........................................
United States Government obligations, direct and
guaranteed..........................................................
Other bonds, stocks and securities...........................
Cash, and balances with designated depositariesfiduciary funds.................................
Cash, and balances with other depositaries-company
funds................................................
Banking houses........................................................
Furniture and fixtures......................................
Safe deposit vaults.........................................
Real estate owned other than banking houses.........
Real estate mortgages securing debentures.............
Accrued interest receivable.............................
Other assets................................................

Total Assets.....................................................

Report of
12-31-38
13 Trust
Companies

Report of
3-29-39
13 Trust
Companies

Report of
6-30-39
13 Trust
Companies

$3,877,995 92
471,472 49
82,260 42

$3,906,880 03
510,994 18
77,750 69

$4,025,408 52
423,102 36
119,652 68

Report of
10-2-39
13 Trust
Companies

$4,220,877 27
481,308 26
96,274 36

5,750 00

1,250 00

10,800 00

5,000 00

2,828,155 99
781,532 50

3,154,764 99
739,075 50

3,069,909 79
649,379 69

2,083,316 21
558,526 08

27,558,073 20

27,204,327 04

30,979,448 31

29,406,044 88

1,221,828
2,580,531
204,511
31,324
260,913
19,451
10,865
1,051,160

96
17
79
15
12
53
25
41

1,238,526
2,608,488
205,622
31,324
178,609
19,316
11,202
1,042,525

76
69
28
15
83
53
41
14

1,190,485
2,615,421
203,093
31,324
137,381
19,098
9,994
1,049,973

05
35
56
15
96
81
84
94

2,290,714
2,622,872
202,436
31,324
134,440

38
85
90
15
33

8,954 54
1,002,491 73

$40,985,826 90

$40,930,658 22

$44,534,475 01

$43,144,581 94

$27,793,391 55
500 00
15,000 00

$27,426,331 25
500 00
175,000 00

$31,200,989 97
500 00
12,000 00

$29,674,944 18

5,750 00

1,250 00

10,800 00

5,000 00

411,351 28
323,157 87
531,146 65

447,760 52
324,770 46
516,016 68

63,606 78
806,943 38
532,753 70

497,087 25
339 j 816 53
539,768 10

$29,080,297 35

$28,891,628 91

$32,627,593 83

$31,113,916 06

LIABILITIES
Fiduciary funds.......... ..................................
Debentures secured by mortgages.........................
Bills payable.............................................
Customers’ liability under letters of credit and
travelers’ checks..........................................
Interest, taxes and other expenses accrued and
unpaid...........................................
Special or valuation reserves...................................
Other liabilities...........................................

Total Liabilities..............................................

57,300 00

CAPITAL ACCOUNTS
First preferred stock.......................
Common stock..............................
Surplus...............................................
Undivided profits.................... ....
Reserves for contingencies.........................

$1,337,340
5,964,960
3,189,331
1,235,524
178,374

00
00
19
34
02

$1,337,340
5,964,960
3,217,523
1,339,002
180,203

00
00
24
38
69

$1,287,340
5,964,960
3,255,854
1,234,232
164,494

00
00
23
90
05

$1,287,340
5,964,960
3,272,066
1,332;187
174412

00
00
15
23
50

Total Capital Accounts..................................

$11,905,529 55

$12,039,029 31

$11,906,881 18

$12,030,665 88

Total Liabilities and Capital Accounts............

$40,985,826 90

$40,930,658 22

$44,534,475 01

$43,144,581 94


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Federal Reserve Bank of St. Louis

REPORT OF THE COMMISSIONER

13

TABLE No. 6— Abstracts of reports of condition of 12 Trust Companies at the
close of business December 30, 1939

ASSETS

Loans.......................................................................
Advances to trusts...................................................
Accounts receivable.................................... ; ..........
Customers’ liability under letters of credit and
United States Government obligations, direct and
guaranteed......................... . ...............................
Other bonds, stocks and securities............ ...........
Cash, and balances with designated depositaries—
fiduciary funds.......... ............................,. ...........
Cash, and balances with other depositaries—
company funds.....................................................
Banking houses........................................................
Furniture and fixtures.............................................

4 Detroit
Trust Companies
in the 7th
Federal Reserve
District

7 other Trust
Companies in
the 7th
Federal Reserve
District

1 Trus
Company in
the 9th
Federal Reserve
District

*2,691,529 61
118,072 67
13,419 73

*1,111,963 12
324,817 84
52,479 17

*98,773 53
90 24

*3,902,266 26
442,980 75
65,898 90

1,849,517 91
285,937 07

310,072 96
379,368 13

79,978 74
8,000 00

2,239,569 61
673,305 20

18,194,221 81

9,770,676 23

82,080 91

28,046,978 95

Total for the
12 Trust
Companies

8,000 00

8,000 00

1,459,037
2,512,483
187,700
31,324
100,732
11,368
343,142

21
15
18
15
12
46
78

62
15
46
15
12
46
19

8,682 31

*25,697,739 39

*14,049,442 60

*277,605 73

*40,024,787 72

*18,194,221 81

*10,031,860 71
26,700 00

*82,080 91

*28,308,163 43
26,700 00

8,000 00

8,000 00

Other liabilities......... ............................. ................

442,000 70
224,202 14

20,357 01
41,780 47

10 00

462,357 71
265,992 61

Total Liabilities................................................

*18,860,424 65

*10,128,698 19

*82,090 91

*29,071,213 75

*626,340
3,309,660
2,034,000
757,359
109,955

$111,000
2,355,300
910,000
480,035
64,408

901,362 28
1,448,000 00
36,133 72

Real estate owned other than banking houses.........
159,544 59

Total Assets......................................................

548,992
1,064,483
151,566
31,324
100,732
11,368
183,598

LIABILITIES
Fiduciary funds........................................................
Customers’ liability under letters of credit and
Interest, taxes and other expenses accrued and

CAPITAL ACCOUNTS
First preferred stock...............................................
Common stock.........................................................
Surplus...................................................................
Undivided profits....................................................
Reserves for contingencies.......................................

00
00
00
11
63

00
00
00
61
80

*150,000
30,000
14,864
650

00
00
82
00

*737,340
5,814,960
2,974,000
1,252,259
175,014

00
00
00
54
43

Total Capital Accounts....................................

*6,837,314 74

*3,920,744 41

*195,514 82

*10,953,573 97

Total Liabilities and Capital Accounts...........

*25,697,739 39

$14,049,442 60

*277,605 73

*40,024,787 72


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Federal Reserve Bank of St. Louis

14

STATE BANKING DEPARTMENT

TABLE No. 7— Abstracts of reports of the National Banks in Michigan at December
31, 1938, March 29, 1939, June 30, 1939 and October 2, 1939

ASSETS

United States Government obligations, direct and
guaranteed............................................................
Obligations of States and political subdivisions.......
Corporate stocks (including stock of Federal Reserve Banks)........................................................

Total Loans and Investments...........................
Cash, balances with other banks, including reserve
balances, and cash items in process of collection..
Bank premises owned, furniture and fixtures..........
Real estate owned other than bank premises..........
Investments and other assets indirectly representing bank premises or other real estate.................
Customers’ liability on acceptances outstanding___
Other assets.............................................................

Total Assets......................................................

Report of
12-31-38
82 National
Banks

Report of
3-29-39
82 National
Banks

Report of
6-30-39
82 National
Banks

Report of
10-2-39
82 National
Banks

$174,171

$170,329

$164,152

$158,519

319,447
31,273
44,521

322,190
30,401
44,384

315,214
32,381
45,380

321,826
33,445
46,126

2,088

2,115

2,112

2,145

$571,500

$569,419

$559,239

$562,061

249,069
9,388
1,064

265,667
9,387
1,037

315,145
9,389
850

332,337
9,381
798

52
6
2,442

59
18
2,935

69
10
2,546

63
7
3,016

$833,521

$848,522

$887,248

$907,663

$356,985

$351,898

$399,088

$394,508

233,228

240,190

244,162

246,340

19,013
65,159
82,920
7,149

20,348
72,033
87,823
5,489

20,519
56,159
88,098
7,218

20,412
66,460
100,728
6,218

$764,454

$777,781

$815,244

$834,666

LIABILITIES
Demand deposits of individuals, partnerships, and
corporations.........................................................
Time deposits of individuals, partnerships, and
corporations.........................................................
Deposits of United States Government (including
postal savings).....................................................
Deposits of States and political subdivisions...........
Deposits of banks....................................................
Other deposits (certified and officers’ checks, etc.)..

Total Deposits..................................................
Bills payable, rediscounts and other liabilities for
borrowed money...................................................
Acceptances executed by or for account of reporting
banks and outstanding.........................................
Other liabilities........................................................

6
1,724

18
1,569

10
1,858

7
1,742

Total Liabilities................................................

$766,209

$779,368

$817,112

$836,415

Class A preferred stock............................................
Class B preferred stock............................................
Common stock.........................................................
Surplus.....................................................................
Undivided profits.....................................................
Reserves...................................................................

$14,335
470
21,260
17,709
9,380
4,158

$14,160
470
21,330
17,847
10,833
4,514

$14,020
470
21,342
17,921
10,870
5,513

$13,657
470
22,157
18,313
11,198
5,453

Total Capital Accounts....................................

$67,312

$69,154

$70,136

$71,248

Total Liabilities and Capital Accounts............

$833,521

$848,522

$887,248

$907,663

25

CAPITAL ACCOUNTS

Figures given in thousands of dollars.
Taken from abstracts made by the Comptroller of the Currency.


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Federal Reserve Bank of St. Louis

R E PO R T OF THE

15

COMMISSIONER

TABLE No. 8— Abstract of reports of condition of 82 National Banks in Michigan
at the close of business December 30, 1939

ASSETS

Loans and discounts (including overdrafts)...............
United States Government obligations, direct and
guaranteed......................................................................
Obligations of States and political subdivisions----Other bonds, notes and debentures.............................
Corporate stocks (including stock of Federal Reserve
B anks).............................................................................

Total Loans and Investments
Cash, balances with other banks, including reserve
balances, and cash items in process of collection. . . .
Bank premises owned........................................................
Furniture and fixtures.......................................................
Real estate owned other than bank premises..............
Investments and other assets indirectly representing
bank premises or other real estate.............................
Customers’ liability on acceptances outstanding........
Other assets............................................ .............................

Total Assets.

Total for the
82 National
Banks

2 Detroit
National
Banks

80 Other
National
Banks

$98,391,841 49

$73,651,637 51

$172,043,479 00

251,400,579 05
5,733,298 94
23,031,458 55

75,061,815 21
29,087,029 60
22,698,638 17

326,462,394 26
34,820,328 54
45,730,096 72

968,587 95

2,120,587 95

$379,709,178 03 $201,467,708 44

$581,176,886 47

1,152,000

00

271,435,846 11
1,114,174 61
1 00

84,241,755
7,276,028
806,196
728,426

39
76
47
06

355,677,601
8,390,203
806,197
728,426

50
37
47
06

6,200 04
27,073 26
3,816,017 26

758,369 75

69,587 67
27,073 26
4,574,387 01

$656,108,490 31

$295,341,872 50

$951,450,362 81

$94,245,054 19

$423,783,250 09

132,914,102 61

251,851,843 48

63,387 63

L IA B IL IT IE S
Demand deposits of individuals, partnerships, and
corporations...................................................................... $329,538,195 90
Tim e deposits of individuals, partnerships, and
corporations...................................................................... 118,937,740 87
Deposits of United States Government (including
20,394,642 05
postal savings)......................................; ......................
33,616,628 74
Deposits of States and political subdivisions...............
Deposits of banks............................................................. .. 105,224,801 43
5,283,047 19
Other deposits (certified and officers’ checks, etc.) ..

Total Deposits
Acceptances executed b y or for account of report­
ing banks and outstanding.........................................
Other liabilities..................................................................

Total Liabilities

2,167,532
26,428,421
6,153,008
2,178,678

93
97
80
82

$612,995,056 18 $264,086,799 32

22,562,174
60,045,050
111,377,810
7,461,726

98
71
23
01

$877,081,855 50

864,257 93

27,073 26
2,779,377 12

$614,937,248 63 $264,951,057 25

$879,888,305 88

27,073 26
1,915,119 19

C A P IT A L A CC O U N TS
Class A preferred stock
Class B preferred stock
Common stock ..............
Surplus............................
Undivided profits.........
Reserves..........................

Total Capital Accounts

Total Liabilities and Capital Accounts


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$9,250,000 00
11 ,250,000
11 250,000
7 853,983
1 567,257

00
00
83
85

$4,368,350
502,500
10,906,400
7,078,136
3,821,370
3,714,058

00
00
00
91
25
09

$13,618,350
502,500
22,156,400
18,328,136
11,675,354
5,281,315

00
00
00
91
08
94

$41,171,241 68

$30,390,815 25

$71,562,056 93

$656,108,490 31

$295,341,872 50

$951,450,362 81

16

STATE BANKING D EPAR TM E N T
TABLE No. 9— Branch offiices established

Location

Location of Branch

Date Branch
Office Opened

Lake C ity .......................
D etroit.............................

M cB ain...........................
Ford Building, Detroit.

4- 4-39
12-15-39
9- 1-39
2- 2-39

Name of Bank

The Branch County Savings Bank. . . .
Lake City State B ank..............................
Wabeek State Bank of D etroit..............

TABLE No. 10— Institutions merged

Merged with

Date of
Merger

Guardian Bank of Royal O ak..............................

12-14-39

Institution Merged

Highland Park Trust C om pany..............................

TABLE No. 11— Change in location.
Date of
Change

Name of Institution

M oved from

7-12-39

M oved to

Suttons Bay

TABLE No. 12— Changes of corporate title
Date of
Change

7-12-39
8-14-39
12-14-39

Location of
Institution

Levering.............
Royal O ak..........

From

To

The State Bank of Suttons Bay
State Bank of Levering
The Wayne Oakland Bank

The State Bank of Levering........................
Guardian Bank of Royal O ak.....................

TABLE No. 13— Banks placed in voluntary liquidation during 1939
A t Date of Closing

Date
Closed

Institution
Resources

1-10-39
12- 4-39
1- 3-39
9- 1-39
6-30-39

Lee State Bank, D ow agiac.................................. .
The Galesburg State Bank, Galesburg................
The Commercial Savings Bank of M arshall. . . .
The M cBain State Bank, M cB a in .......................
The State Commercial and Savings Bank,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$174,148
311,275
1,845,462
114,489

47
37
90
39

550,410 37

Liabilities
$68,902
253,444
1,632,747
95,300

65
62
87
61

503,593 89

Amount Paid
Creditors
to 12-31-39
$68,902
253,444
1,632,747
95,300

65
62
87
61

503,593 89

R E PO R T OF TH E

17

COMMISSIONER

TABLE No. 14— Changes in capital stock
Common Stock

Preferred Stock
Name of Institution

Location
Increased

Retired

Issued

“ A”
“ A”

$120,000 00
100,000 00

“ A”
“ A”
“ A”

2,600 00
1,500 00
5,000 00

$100,000 00
5,000 00
47,600 00
5,000 00

“ A”
“ A”
“ A”
“ A”

2,000
500,000
5,000
7,500

00
00
00
00
5.000 00
5.000 00

“ A” $15,000 00
“ A”

1,000 00

“ A”
“ A”

6,400 00
2,000 00

35,000 00

Coopersville. . . . “ A” 10,000 00
“ A”
“ A”
“ B”
“ A”
“ A”
“ A”

14,000
875,000
625,000
40,000
600,000
350,000

00
00
00
00
00
00

“ A”

3,000 00

“ A”

2,500 00

“ Ä”
“ A”

75Ò ÓÓ
2,000 00

1,500,000 00
300,000 00
250,000 00
25,000 00
10,000 00
5,000 00

“ B” 10,000 00

“ A” 20,000 00
St l

“ A”

ilk of Levering

5,000 00

“ A”
“ A”
“ A”
“ A”
“ A”

4,000
2,000
5,000
250,000
5,500

00
00
00
00
00

“ A”
“ A”
“ A”

110,000 00
34,500 00
3,000 00

“ A”

7,500 00

“ A”
“ A”
“ A”

250 00
1,200 00
5,000 00

“ A”

14,000 00

“ A”

5,000 00

5,000 00
25,000 00
5,000 00

25,000 00

100,000 00
10,000 00

*

Miiskegon

vi ngs L ank

“ A”
“ A”
“ A”
“ A”

20,000
1,500
50,000
5,000

00
00
00
00

“ A”
“ A”
“ A”

5,000 00
25,000 00
2,000 00

“ A”

7,500 00

“ A” $10,000 00
Ü'

n

^n

• , T)

K.

River Rouge___

“ A” 75,000 00


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Federal Reserve Bank of St. Louis

“ A”

15,000 00

5,440 00

5,000 00

r g l rn
1 Oflk
Citiz^ns^tafp Tt°nk ^

Sault Ste. Marie
Sault Ste. Marie
Sault Ste. Marie

100,000 00
5,000 00

“ A”
“ A”
“ B”
“ A”

800
15,000
5,000
7,000

00
00
00
00

5.000
200,000
5.000
10,000

00
00
00
00

20,000 00

18

STATE BANKING DEPARTMENT
TABLE No. 14— Changes in capital stock— Concluded
Preferred Stock
Name of Institution

Common Stock

Location
Issued

Central State Savings Bank.............................
Commercial State Bank....................................
Peoples State Bank...........................................
Vernon State Bank...........................................
Wayne State Bank...........................................
State Savings Bank..........................................
Peoples State Bank..........................................
Wyandotte Savings Bank.................................
Zeeland State Bank..........................................

Retired

Increased

“ A”
“ A”
“ A”

$10,750 00
5,000 00
600 00

“ A”
“ A”
“ A”

5,000 00
3,000 00
25,000 00

$15,000 00

“ A” $50,000 00

75,000 00

“ A” First preferred stock. “ B” Second preferred stock.

TABLE No. 15— Banks admitted to membership in the Federal Reserve System
Date

Name of Bank

2- 8-39
6- 8-39
12-29-39
3-29-39
3- 8-39
7- 6-39
12-18-39
3-17-39

The Byron Center State Bank..........................................................................................

Location

The Shiawassee County B ank..........................................................................................
The Merchants and Mechanics Bank of F lin t .............................................................
The Newberry State Bank.................................................................................................
The Peoples State B ank.................................................................................................
South Range State B ank....................................................................................................

Byron Center
Flint
Newberry
New Boston
South Range
Traverse City

TABLE No. 16— Bank admitted to insurance with Federal Deposit Insurance
Corporation
Date

12-19-39

Name of Bank

Location

State Bank of Levering........................................................................................

Levering

TABLE No. 17— Extensions of corporate existence.
Name of Bank

The Alm ont Savings Bank.........................................
The Peoples State Savings Bank..............................
The State Bank of A ugusta.......................................
The Farmers State Bank of Breckenridge..............
The Cass County State Bank....................................
The Citizens State Bank of Clare.............................
The State Bank of C olom a.........................................
E. Hill and Son’s State B ank....................................
Fountain State B ank...................................................
The Galesburg State B ank.........................................
Peoples State Bank......................................................
The Hemlock State B ank...........................................
Hillsdale State Savings B ank....................................
The Lake City State B ank.........................................
Metamora State Savings Bank..................................
Riverdale State Savings Bank...................................
Peoples State Bank......................................................


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Federal Reserve Bank of St. Louis

Location

Breckenridge.......................................

Hillsdale......................................

Extended to Thirty
Years from
5- 5-39
124-22-39
21- 21-39
11- 6-39
3- 18-39
11- 6-39
22-11-39
10- 6-39
712- 4-39
48- 3-39

15-39
19-39
19-39

19-39
30-39
26-39
29-39

R E PO R T OF TH E COM MISSIONER
TABLE No. 18— List of banks granted industrial loan powers.
Name of Bank
Location
The Addison State Savings Bank............................... %.............................. Addison
The Commercial Savings Bank.....................................................................Adrian
The Commercial and Savings Bank of A lbion...........................................Albion
Allegan State Bank..........................................................................................Allegan
Alpena Savings Bank...................................................................................... Alpena
The Peoples State Bank of Alpena.............................................................. Alpena
Farmers State Bank of A lto .......................................................................... Alto
Ann Arbor Savings and Commercial Bank................................................ Ann Arbor
State Savings Bank of Ann A rbor................................................................Ann Arbor
The Peoples State Savings Bank.................................................................. Auburn
State Bank of Augusta................................................................................... Augusta
Hubbard State Bank.......................................................................................Bad Axe
Lake County State Bank............................................................................... Baldwin
The Lakeview State Bank of Battle Creek................................................Battle Creek
The Bay City Bank........................ ; ............................................................. Bay City
Peoples Commercial and Savings Bank...................................................... Bay City
Peoples State Bank......................................................................................... Belleville
Peoples State Bank......................................................................................... Bellevue
Benton Harbor State Bank............................................................................Benton Harbor
Central State Bank......................................................................................... Beulah
Big Rapids Savings Bank.............................................................................. Big Rapids
The Blissfield State Bank.............................................................................. Blissfield
Jipson-Carter State Bank..............................................................................Blissfield
The State Savings Bank.................................................................................Bridgman
Brighton State Bank............................................. .........................................Brighton
Union State Bank............................................................................................Buchanan
First State Bank.............................................................................................. Camden
Peoples State Bank.........................................................................................Caro
The State Bank of Carson C ity....................................................... ............Carson City
The W olf Bros. State Bank...........................................................................Centreville
Charlevoix County State Bank.................................................................... Charlevoix
The Charlevoix State Savings Bank............................................................Charlevoix
Eaton County Savings B ank........................................................................ Charlotte
Chelsea State Bank.........................................................................................Chelsea
Chesaning State Bank.................................................................................... Chesaning
The Citizens State Bank of Clare................................................................ Clare
Clarkston State Bank..................................................................................... Clarkston
Edwin Nash State Bank................................................................................ Clarksville
The Clio State Bank....................................................................................... Clio
The Branch County Savings Bank.............................................................. Coldwater
E. Hill and Son’s State B a n k ............ .......................................................Colon
First Commercial Savings Bank...................................................................Constantine
Coopersville State Bank.................................................................................Coopersville
Commonwealth Bank..................................................................................... Detroit
The Detroit Bank............................................................................................Detroit
The United Savings Bank of D etroit..........................................................Detroit
Wabeek State Bank of D etroit.....................................................................Detroit
Monroe County Bank.....................................................................................Dundee
First State Bank.............................................................................................. East Detroit
State Bank of East Jordan............................................. .............................. East Jordan
Ecorse Savings Bank...................................................................................... Ecorse
State Savings Bank.........................................................................................Elsie_
The Empire State Bank.................................................................................Empire
The State Savings Bank of Escanaba.........................................................Escanaba
The Farmington State Bank.........................................................................Farmington
State Savings Bank of Fenton......................................................................Fenton
The State Savings Bank of Flat R ock ........................................................Flat Rock
Citizens Commercial and Savings Bank.....................................................Flint
Genesee County Savings Bank.....................................................................Flint _
Peoples State Bank.........................................................................................Flushing
Fountain State Bank......................................................................................Fountain
State Savings Bank.............................................................. .......................... Fowler
State Savings Bank.........................................................................................Frankfort


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Federal Reserve Bank of St. Louis

19

20

STATE BANKING D EPARTM EN T

The State Bank of Fraser............................................................................. Fraser
Freeland State Bank......................................................................................Freeland
Gaylord State Savings Bank........................................................................ Gaylord
Grand Haven State Bank............................................................................. Grand Haven
Peoples Savings Bank....................................................................................Grand Haven
Grand Ledge State Bank.............................................................................. Grand Ledge
Loan and Deposit State Bank...................................................................... Grand Ledge
Central Bank................................................................................................... Grand Rapids
Old Kent Bank................................................................................................Grand Rapids
Union Bank of M ichigan.............................................................................. Grand Rapids
Community State Bank................................................................................ Grandville
Commercial State Savings Bank......................................................... . .Greenville
First State Bank of Greenville.....................................................................Greenville
The Grosse Pointe Bank............................................................................... Grosse Pointe
The Bank of Hamtramck..............................................................................Hamtramck
The Liberty State Bank of Hamtramck.....................................................Hamtramck
Peoples State Bank........................................................................................ Hamtramck
State Bank of Harbor Beach........................................................................Harbor Beach
Van Buren State Bank..................................... . ...........................................Hartford
The Hastings City Bank....................................................................... ..
.Hastings
The Holland State Bank.................... ........................................................... Holland
The Peoples State Bank of Holland............................................................Holland
The First State and Savings Bank.............................................................. Holly
Calhoun State Bank.............................. ........................................................Homer
The Honor State Bank.................................................................................. Honor
Howard City State Bank.............................................................................. Howard City
First State and Savings Bank...................................................................... Howell
Imlay City State Bank.................................................................................. Imlay City
State Savings Bank of Ionia......................................................................... Ionia
Miners’ State Bank........................................................................................ Iron River
Jackson City Bank and Trust Company................................................... Jackson
The Home Savings Bank of Kalamazoo........... .........................................Kalamazoo
Kalkaska State Bank..................................................................................... Kalkaska
The Kent City State Bank........................................................................... Kent City
The Kingston State Bank............................................................................. Kingston
The Lake City State Bank........................................................................... Lake City
Union Bank...................................................................................................... Lake Odessa
American State Savings Bank......................................................................Lansing
Bank of Lansing.............................................................................................. Lansing
Home State Bank of Lawrence.................................................................... Lawrence
State Bank of Levering.................... ............................................................. Levering
The State Savings Bank of Lincoln Park...................................................Lincoln Park
Manistee County Savings Bank.................................................................. Manistee
The State Savings Bank of Manistique......................................................Manistique
Marine Savings Bank..................................................................................... Marine City
The Peoples State Bank of M aybee............................................................Maybee
The Mayville State Bank.............................................................................. Mayville
First State Bank...............................................................................................Mendon
The Commercial Bank of Menominee........................................................ Menominee
Farmers State Bank.............................. .........................................................Middleville
Peoples State Bank.........................................................................................Milan
The Oakland County State Bank................................................................Milford
Dansard State Bank................................. .....................................................Monroe
The Monroe State Savings Bank................................................................. Monroe
The Montrose State Savings Bank..............................................................Montrose
The First State Savings Bank of M orenci................................................. Morenci
The Mt. Clemens Savings Bank.................................................................. Mt. Clemens
Exchange Savings Bank.................................................................................Mt. Pleasant
Isabella County State Bank..........................................................................Mt. Pleasant
Peoples State Bank of Munising..................................................................Munising
The Muskegon Savings Bank....................................................................... Muskegon
State Bank of Niles.........................................................................................Niles
New Haven Savings Bank.............................................................................New Haven
Depositors State Bank................................................................................... Northville
Olivet State Bank............................................................................................Olivet
State Bank of Ortonville................................................................................Ortonville


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Federal Reserve Bank of St. Louis

R E PO R T OF TH E

COMMISSIONER

The Otisville State Bank.............................................................................. Otisville
State Savings Bank........................................................................................ Otsego
State Savings Bank of O vid......................................................................... Ovid
The Owosso Savings Bank............................................................................Owosso
The State Savings Bank of Owosso............................................................ Owosso
Oxford Savings Bank..................................................................................... Oxford
John W. Free State Bank................................ .............................................Paw Paw
H. C. McLachlin and Co. State Bank....................................................... Petersburg
First State Bank of Petoskey....................................................................... Petoskey
The Pigeon State Bank................................................................................. Pigeon
Plymouth United Savings Bank..................................................................Plymouth
Maynard-Allen State Bank.......................................................................... Portland
Peoples Savings Bank....................................................................................Port Huron
The Posen State Bank................................................................................... Posen
First State Bank of Ravenna....................................................................... Ravenna
River Rouge Savings Bank........................................................................... River Rouge
Rockford State Bank..................................................................................... Rockford
Presque Isle County Savings Bank.............................................................Rogers City
The Romulus State Bank............................................................................. Romulus
The Wayne Oakland Bank........................................................................... Royal Oak
Saginaw State Bank....................................................................................... Saginaw
The St. Charles State Bank............................... ...........................................St. Charles
The Commercial and Savings Bank of St. Clair..................................... .St. Clair
State Bank of St. Johns................................................................................ St. Johns
Kalamazoo County State Bank...................................................................Schoolcraft
State Savings Bank of Scottville................................................................. Scottville
Commercial State Bank of Shepherd......................................................... Shepherd
Citizens State Bank........................................................................................ South Haven
The First State Bank of South Haven....................................................... South Haven
The State Savings Bank of South L yon .................................................... South Lyon
Sparta State Bank..........................................................................................Sparta
The Commercial Bank of Stambaugh........................................................Stambaugh
The Citizens State Bank...............................................................................Sturgis
United Savings Bank.......................................................................... ............Tecumseh
The Bank of Three O aks..............................................................................Three Oaks
First Peoples State Bank...............................................................................Traverse City
Traverse City State Bank..............................................................................Traverse City
Peoples State Bank of Trenton................................................................... Trenton
Trenton State Bank....................................................................................... Trenton
The State Bank of Vassar............................................................................ Vassar
Vernon State Bank........................................................................................ Vernon
The Community Bank.................................................................................. Warren
The Wayland State Bank.............................................................................Wayland
The Wayne State Bank................................................................................ Wayne
The Farmers State Bank of Webberville.................................................. Webberville
The Farmers Savings Bank of White Pigeon............................................ White Pigeon
Wyandotte Savings Bank............................................................................. Wyandotte
Zeeland State Bank....................................................................................... Zeeland


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Federal Reserve Bank of St. Louis

21

22

STATE BANKING DEPARTMENT
TABLE No. 19— List of banks granted Trust Powers
Full trust powers

Name of bank
Location
Alpena Savings Bank......................................................................................Alpena
State Savings Bank.........................................................................................Ann Arbor
Merchants and Miners Bank........................................................................ Calumet
United Savings Bank...................................................................................... Detroit
Citizens Commercial and Savings Bank.....................................................Flint
Jackson City Bank and Trust Com pany....................................................Jackson
American State Savings Bank...................................................................... Lansing
The Wayne Oakland Bank............................................................................ Royal Oak
The Citizens State Bank............................................................................... Sturgis
Wyandotte Savings Bank.............................................................................. Wyandotte
L im ited T ru st Pow ers
Hubbard State B a n k .. ..............................................................
Benton Harbor State Bank......................................................
Central State Bank....................................................................
Big Rapids Savings Bank..........................................................
Citizens State Bank....................................................................
Blanchard State Bank...............................................................
Blissfield State Bank..................................................................
Jipson-Carter State Bank..........................................................
Peoples State Bank....................................................................
Cadillac State Bank...................................................................
Cass City State Bank................................................................
The Pinney State Bank.............................................................
Eaton County Savings Bank....................................................
Chesaning State Bank...............................................................
Clarkston State Bank................................................................
Monroe County Bank....................................... ........................
East Lansing State Bank..........................................................
State Savings Bank....................................................................
State Savings Bank....................................................................
First State and Savings Bank..................................................
Fountain State Bank.................................................................
State Savings Bank..................................... ..............................
Old State Bank............................................................................
Loan and Deposit State Bank.................................................
First State Bank.........................................................................
Gwinn State Savings Bank.......................................................
Emmet County State Bank......................................................
First State Bank.........................................................................
Holland State Bank....................................................................
First State and Savings Bank..................................................
State Savings Bank........................... .........................................
Lapeer Savings B a nk.................................................................
Ludington State Bank...............................................................
State Savings Bank....................................................................
G. W. Jones Exchange Bank....................................................
Dansard State Bank...................................................................
Isabella County State Bank.....................................................
Newport State Bank..................................................................
State Bank of Niles....................................................................
Owosso Savings Bank................................................................
Oxford Savings Bank.................................................................
John W. Free State Bank.........................................................
H. C. McLachlin and Co. State Bank...................................
First State Bank.........................................................................
Pigeon State Bank......................................................................
Plymouth United Savings Bank..............................................
State Bank of Port H ope..........................................................
State Savings Bank....................................................................


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Federal Reserve Bank of St. Louis

. Bad Axe
. Benton Harbor
, Beulah
. Big Rapids
. Big Rapids
, Blanchard
.Blissfield
. Blissfield
. Bronson
. Cadillac
. Cass City
. Cass City
, Charlotte
Chesaning
, Clarkston
, Dundee
, East Lansing
, Escanaba
Fenton
Flushing
Fountain
Frankfort
Fremont
. Grand Ledge
. Greenville
. Gwinn
, Harbor Springs
, Holland
, Holland
Howell
Ionia
Lapeer
Ludington
Manistique
Marcellus
Monroe
Mount Pleasant
Newport
Niles
Owosso
Oxford
Paw Paw
Petersburg
Petoskey
Pigeon
Plymouth
Port Hope
Remus

23

REPORT OF THE COMMISSIONER
Saginaw State Bank........................................................................................Saginaw
Commercial and Savings Bank.................................................................... St. Clair
Fruit Growers State Bank.............................................................................Saugatuck
Central Savings Bank.................................................................................... Sault Ste. Marie
First State Bank..............................................................................................South Haven
Springport State Savings Bank.................................................................... Springport
State Savings Bank........................................................................................ Stanton
United Savings Bank......................................................................................Tecumseh
Wayne State Bank..........................................................................................Wayne
Zeeland State Bank........................................................................................ Zeeland

Limited trust powers and the power to act as trustee under testamentary trusts
Branch County Savings Bank...................................................................... Coldwater
Grand Haven State Bank..............................................................................Grand Haven
The Peoples Savings Bank............................................................................ Grand Haven
Monroe State Savings Bank......................................................................... Monroe
First Peoples State Bank...............................................................................Traverse City
Traverse City State Bank............................................................................. Traverse City

TABLE No. 20— 120 Member banks of Federal Reserve System in the Seventh
Federal Reserve District as of December 31, 1939
Name of bank
*Adrian State Savings Bank..........................
*The Commercial Savings Bank...................
*Lenawee County Savings Bank..................
The Commercial and Savings Bank...........
*The Algonac Savings Bank..........................
Alpena Savings Bank....................................
The Farmers State Bank of A lto................
*Ann Arbor Savings and Commercial Bank
*State Savings Bank of Ann Arbor..............
*The Armada State B a n k.: ...........................
*Bay City Bank...............................................
*Peoples Commercial and Savings Bank. . .
*Peoples State Bank.......................................
Berrien Springs State Bank.........................
Big Rapids Savings Bank.............................
The Blanchard State Bank..........................
*The Blissfield State Bank.............................
Peoples State Bank of Bronson...................
*Brown City Savings Bank...........................
Byron Center State Bank............................
*Capac State Savings Bank...........................
*The Cass City State Bank...........................
*The Pinney State Bank................................
The Cass County State Bank.....................
The Charlevoix County State Bank..........
Eaton County Savings Bank.......................
*Chelsea State Bank.......................................
*The Chesaning State Bank..........................
The Citizens State Bank of Clare..............
*Clarkston State Bank....................................
The State Bank of Coloma........................ ..
Coopersville State Bank...............................
*The Old Corunna State Bank.....................
*State Bank of Croswell.................................
*Davison State Bank......................................
*The Detroit Bank..........................................
in dustrial Morris Plan Bank.......................
*The United Savings Bank............................
*Monroe County Bank...................................
*The Shiawassee County Bank.....................


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Federal Reserve Bank of St. Louis

Location
Adrian
Adrian
Adrian
Albion
Algonac
Alpena
Alto
Ann Arbor
Ann Arbor
Armada
Bay City
Bay City
, Belleville
,Berrien Springs
.Big Rapids
. Blanchard
. Blissfield
. Bronson
. Brown City
.Byron Center
. Capac
. Cass City
. Cass City
. Cassopolis
. Charlevoix
. Charlotte
. Chelsea
. Chesaning
. Clare
. Clarkston
. Coloma
. Coopersville
. Corunna
. Croswell
. Davison
. Detroit
. Detroit
. Detroit
. Dundee
. Durand

24

STATE BANK ING D EPAR TM E N T

*Ecorse Savings Bank....................................................................................Ecorse
*The Farmington State Bank...................................................................... Farmington
The Old State Bank..................................................................................... Fennville
*State Savings Bank of Fenton....................................................................Fenton
*Citizens Commercial and Savings Bank...................................................Flint
*The Genesee County Savings Bank........... ...............................................Flint
*The Merchants and Mechanics Bank of Flint.......................................Flint
Fountain State Bank...................................................................................Fountain
*Frankenmuth State Bank...........................................................................Frankenmuth
The Fremont State Bank........................................................................... Fremont
The Old State Bank of Fremont................................................................Fremont
*The State Savings Bank of Gagetown...................................................... Gagetown
Grand Haven State Bank...........................................................................Grand Haven
The Peoples Savings Bank of Grand H aven...........................................Grand Haven
Old Kent Bank............................................................................................. Grand Rapids
Community State Bank.............................................................................. Grandville
Commercial State Savings Bank............................................................... Greenville
First State Bank of Greenville....................................................................Greenville
*Grosse Pointe Bank...................................................................................... Grosse Pointe
Emmet County State Bank........................................................................Harbor Springs
*Hillsdale State Savings Bank...................................•................................. Hillsdale
Holland State Bank..................................................................................... Holland
The Peoples State Bank of Holland......................................................... Holland
*The First State and Savings Bank........................................................... Holly
*The First State and Savings Bank........................................................... Howell
*Imlay City State Bank................................................................................Imlay City
*Jackson City Bank and Trust Com pany................................................. Jackson
*The Grosvenor Savings Bank.....................................................................Jonesville
*The Kingston State Bank........................................................................... Kingston
Bank of Lakeview.........................................................................................Lakeview
*American State Savings Bank....................................................................Lansing
*Bank of Lansing............................................................................................Lansing
*Lapeer Savings Bank of Lapeer................................................................. Lapeer
The Home State Bank of Lawrence........................................................ Lawrence
State Savings Bank..................................................................................... Lowell
*The Peoples Bank.........................................................................................Manchester
*Union Sayings Bank.................................................................................... Manchester
The Manistee County Savings Bank.......................................................Manistee
G. W. Jones Exchange Bank..................................................................Marcellus
*The Farmers Bank of M ason.................................................................... Mason
The Chemical State Savings Bank...........................................................Midland
*Peoples State Bank of M ilan.....................................................................Milan
*Oakland County State Bank..................................................................... Milford
*Dansard State Bank.............................................................. , .................... Monroe
Farmers State Bank.................................................................................... Montague
*The Mount Clemens Savings Bank...........................................................Mount Clemens
Exchange Savings Bank...............................................................................Mt. Pleasant
Isabella County State Bank........................................................................Mt. Pleasant
*Citizens State Savings Bank.......................................................................New Baltimore
*The Peoples State Bank.............................................................................. New Boston
*New Haven Savings Bank...........................................................................New Haven
*Pioneer Bank..................................................................................................North Branch
*The Onsted State Bank...............................................................................Onsted
*Oxford Savings Bank................................................................................... Oxford
The First State Bank of Petoskey............................................................ Petoskey
*The Pigeon State Bank............................................................................... Pigeon
*Pinconning State Bank................................................................................Pinconning
*Macomb County Savings Bank................................................................. Richmond
*The Romeo Savings Bank.......................................................................... Romeo
*Saginaw State Bank..................................................................................... Saginaw
*St. Charles State Bank................................................................................St. Charles
*The Commercial and Savings Bank......................................................... St. Clair
State Bank of St. Johns.............................................................................. St. Johns
The Fruit Growers State Bank..................................................................Saugatuck
*Farmers and Merchants State Bank.........................................................Sebewaing
Citizens State Bank of South H aven.........................................................South Haven


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Federal Reserve Bank of St. Louis

R E PO R T OF THE

COMMISSIONER

25

First State Bank of South H aven..............................................................South Haven
Sparta State Bank........................................................................................ Sparta
The Spring Lake State Bank............................................. ........................ Spring Lake
The Springport State Savings Bank......................................................... Springport
First Peoples State Bank.............................................................................Traverse City
Traverse City State Bank........................................................................... Traverse City
*Trenton State Bank..................................................................................... Trenton
*State Bank of Vassar................................................................................... Vassar
*The Wayne State Bank............................................................................... Wayne
The State Bank of Whitehall..................................................................... Whitehall
*Peoples State Bank...................................................................................... Williamston
*Wyandotte Savings Bank............................................................................Wyandotte
*Yale State Bank............................................................................................ Yale
Zeeland State Bank.................................................................................... Zeeland
*Members of Detroit Branch of Federal Reserve Bank of Chicago.

TABLE N o. 21— 11 M em b er banks o f Federal Reserve System in th e N in th
Federal Reserve D istrict as o f D ecem ber 31, 1939
Name of bank
Location
State Savings Bank........................................................................................ Escanaba
State Bank of Ewen....................................................................................... Ewen
Gladstone State Savings Bank..................................................................... Gladstone
The Commercial Bank of Iron Mountain.................................................. Iron Mountain
Miners State Bank of Iron R iver................................................................ Iron River
Commercial Bank of L ’Anse..................................... .................................. L ’Anse
The Commercial Bank of Menominee........................................................ Menominee
The Newberry State Bank............................................................................ Newberry
Central Savings Bank.....................................................................................Sault Ste. Marie
Sault Savings Bank.........................................................................................Sault Ste. Marie
South Range State Bank............................................................................... South Range

TABLE No. 22 — Earnings and dividends of State Banks, Industrial Banks,
and Trust Companies for the year ended December 30, 1939
Gross operating earnings....................................................................................
Total operating expenses....................................................................................

$30,190,196.66
21,612,156.86

Net Operating Earnings....................................................................

$8,578,039.80

Profits on assets sold or exchanged, recoveries, and reductions in
valuation allowances.......................................................................................

5,713,940.88

Losses, charge-offs, and additions to valuation allowances.........................

$14,291,980.68
6,800,878.44

Net Profits before Income Taxes and Dividends.........................

$7,491,102.24

Federal taxes on net income...................... ......................
Cash dividends declared....................................................

$293,639.03
2,070,941.75

2,364,580.78

Net Profits after Federal Income Taxes and Cash Dividends. .

$5,126,521.46

Average total
Average total
Percentage of
Percentage of
Percentage of

capital investment.....................................................................
deposits................................................... . .. ..............................
net operating earnings to average capital investment........
cash dividends declared to average capital investment.. . .
net operating earnings to average deposits...........................


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Federal Reserve Bank of St. Louis

$82, 628, 847.86
717, 425, 250.79
10. 38%
2 . 50%
1. 1 9%

26

STATE BANKING DEPARTMENT

TABLE No. 23— Abstract of reports of Michigan banks listing number of depositors
and average deposits as at December 30, 1939
Demand Deposits

Time Deposits

BANKS
Number of
Depositors

Totals for State and
Industrial Banks........

Totals for State, Indus­
trial, and National Bks.

Total
Deposits

Average
Deposit

293,400

$300,599,012 11

$1,024 53

944,514
49,290

$395,529,927 26
20,771,781 56

293,400

$300,599,012 11

$1,024 53

993,804

$416,301,708 82

$418 89

149,114

$621,326,102 67

$4,166 78

617,445

$255,755,752 83

$414 21

442,514

$921,925,114 78

$2,083 38

1,611,249

$672,057,461 65

$417 10

Total
Deposits

Number of
Depositors

Average
Deposit

$418 76
421 42

TABLE No. 24— Number of examinations conducted during year ended
December 31, 1939
Particulars
Banks, Trust Companies and Industrial Banks-—First examinations.. . .
Banks, Trust Companies and Industrial Banks— Second examinations..
Credit Union examinations................................................................................
Small Loan Company examinations................................................................
Application for charter investigation................
Special examinations...........................................................................................
Institutions in liquidation— examinations and audits..................................

Number
372
8
158
185
1
24
241

TABLE No. 25— Designation of Reserve Cities for banks which are not member
banks under the Federal Reserve Act.
As required by Section 67 of the Michigan financial institutions act, the following cities
were designated for the year 1939 as reserve cities for banks which were not member banks
under the Federal Reserve Act, and any incorporated bank, state or national, in such
cities was a legal depositary for reserve funds if it had the required capital and surplus:
Alpena, Ann Arbor, Battle Creek, Bay City, Birmingham, Calumet, Detroit, Flint,
Grand Rapids, Houghton, Jackson, Kalamazoo, Lansing, Marquette, Muskegon, Pontiac,
Port Huron, Saginaw, Traverse City, Baltimore, Boston, Buffalo, Chicago, Cincinnati,
Cleveland, Duluth, Milwaukee, Minneapolis, New York, Philadelphia, Pittsburgh, St. Paul,
Toledo, and Kansas City, Missouri.
The same cities were designated as reserve cities for the year 1940.


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Federal Reserve Bank of St. Louis

27

RE PO R T OF TH E COMMISSIONER

TABLE No. 26— Receipts and disbursements of the State Banking Department
General Appropriations
Receipts *
Annual examination fees................................................................................
Special fees.......................................................................................................
Small loan licensees’ fees................................................................................
Credit Union fees.......... . .................................. .............................................
Special examination fees................................................................................
Application to organize fee............................................................................
Miscellaneous income and refunds..............................................................

$100,429
580
22,500
4,360
342
50
5

09
00
14
57
38
00
51

Total Receipts.....................................................................................

$128,267 69

Disbursements:
Salaries..............................................................................................................
Expenses, supplies and equipment..............................................................

$97,946.35
50,125 77

Total Disbursements........................................................................

$148,072.12

Revolving Fund
Balance in account December 31, 1938..........................................................
Revolving fund receipts.....................................................................................

$49,113 68
84,234 75

T otal......................................................................................................
Less: Revolving fund expenses, salaries, supplies, etc..................................

$133,348 43
78,376 88

Balance in account December 31, 1939..........................................

$54,971 55


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Federal Reserve Bank of St. Louis


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Federal Reserve Bank of St. Louis

TABLE No. 27— Department Receiverships. Receivers appointed under the provisions of Act 32, P. A. of 1933, as amended.

Report o f Commissioner of Banking Department indicating results of liquidation of department receiverships to December 31, 1939.

117-10-34
1237-31-34
9-27-33
10- 2-33
9- 1-33
12- 4-33
7-25-34
10- 9-34
782-20-34
10-31-33
10671148-

Location

Armada...........
21-33
Central Lake.
Coopersville..
15-33
East
Jordan. .
28-34
Elk Rapids. . .
Flint..........
Grand Rapids
Grand Rapids
Kalamazoo. ..
Lakeview........
McBride.........
Milford.........
...
18-34
Oxford.............
29-33
Rockwood.. . .
Saginaw..........
Saginaw..........
31-33
Three
29-33Rivers.
Utica...............
18-34
Van
Dyke----29-33
Wolverine
26-34
Wyandotte.
..
22-33

Name of Bank in Receivership

Farmers State Bank. ................. ........................ ..
First State Bank.................................................
Peoples Savings Bank............................................
Peoples State Savings Bank.................................
Elk Rapids State Bank.............. ...........................
Union Industrial Trust and Savings Bank. . . .
American Home Security Bank..........................
Grand Rapids Savings Bank................. ..............
Bank of Kalamazoo........................... ................ ..
Commercial State Savings Bank.......................
Neff State Bank........... ..........................................
First State Bank.............................. .......................
Farmers State Bank...............................................
Rockwood State Bank.................................... ..
Bank of Saginaw.................................................
Peoples American State Bank..............................
First State Savings Bank......................................
Utica State Savings Bank....................................
Garland State Bank...............................................
Wolverine State Savings Bank............................
Peoples Wayne County Bank. ............................

Receiver

Walter H. Shoup.. . .
W . L. Jones................
R. P. Dethmers.........
W . L. Jones................
J. A. Hanslovsky.: . .
H. L. Eiferle. . . .
Harry Glass, Sr..........
Henry W . Walstrom.
Charles H. Schütz...
Clair R. Carr.............
Clair R. Carr.............
Thomas S. Edwards..
Walter H. Shoup.. . .
Joseph J. M cG rath..
D. Bicknell.. . . . . . . .
D. Bicknell.................
John C. Condon., . . .
John C. Barron.........
Melvin F. Van Howe
J. A. Murphy............
Joseph J. McGrath..

Total Active as at 12-31-39

Book Value of
Assets at Date
of Receivership

$216,109
156,188
553,798
185,683
400,813
17,548,058
6,154,211
15,346,164
5,536,696
282,488
167,585
300,191
300,216
511,209
12,431,346
4,751,227
983,024
738,616
147,994
136,346
1,437,712

70
29
95
43
31
82
93
37
70
82
21
37
48
65
18
86
10
29
67
97
65

$68,285,685 75

Additional
Assets Acquired
and Cash
Income

$18,403
18,405
41,144
17,637
23,558
3,943,173
1,030,472
2,525,399
1,050,443
16,862
22,913
52,051
24,457
40,947
1,589,232
731,354
104,008
46,213
15,234
13,016
192,638

77
49
05
23
15
04
02
93
92
26
43
35
16
25
79
50
65
32
03
16
47

$11,517,566 97

Cash
Collections

$120,285
98,284
260,061
122,282
164,176
11,652,103
3,892,438
8,736,384
4,240,630
163,286
141,332
284,891
187,600
371,069
8,143,734
3,406,401
696,659
455,299
116,288
98,706
1,167,400

Offsets
Allowed

11
31
39
49
64
56
32
93
85
01
46
39
29
30
48
20
51
19
82
18
49

$44,519,316 92

$5,036
1,371
13,727
1,310
83,884
143,821
6,109
1,995,249
31,998
14,214
1,958
1,637
3,628
157
112,711
143,494
5,062
3,790
86
1,162
11,956

Boök Value
of Assets
at 12-31-39

Losses on
Assets

42
07
54
73
58
91
40
92
42
46
59
15
61
23
38
68
74
85
52
26
52

$76,176
35,810
93,097
79,727
38,181
2,234,023
877,046
1,305,091
617,203
118,822
22,357
22,701
93,832
75,147
913,281
566,746
123,891
106,141
46,853
39,766
124,080

Disposition of Cash Receipts

Cash Receipts

Progress of Liquidation to 12-31-39
Date .
of
Receiver­
ship

72
97
63
44
21
65
08
31
60
61
78
67
50
69
84
54
47
07
36
20
90

$2,582,370 98

$7,609,982 24

$5,050
3,394
4,195
11

$56,210
59,316
56,597
50,637
59,500
53,253
64,684
110,760
67,552
65,162
21,311
33,925
18,985
104,660
61,141
35,804
45,109
71,283
45,985
21,618
55,969
40,237
52,487
4,412
60,075
11,916
73,746
48,837
233,388
51,819
67,614
138,045
42,232
44,447
102,472
254,429
45,214
26,394
77,443
27,521
89,899
80,865

$33,015 22
39,127 43
228,056 44
138,129
7,461,282
2,409,090
5,834,838
1,697,307
3,028
24,849
43,012
39,612
105,782
4,850,851
1,365,939
2^1,419
219,598

03
74
15
14
75
00
81
51
24
68
27
94
03
50

9,728 49
326,913 21

$25,091,582 58

Amount
Collected

$120,285
98,284
260,061
122,282
164,176
11,652,103
3,892,438
8,736,384
4,240,630
163,286
141,332
284,891
187,600
371,069
8,143,734
3,406,401
696,659
455,299
116,288
98,706
1,167,400

Amount
Borrowed
by Receiver
11
31
39
49
64
56
32
93
85
01
46
39
29
30
48
20
51
19
82
18
49

$44,519,316 92

$15,000
10,896,384
3,584,959
5,435,318
3,942,999

00
60
44
50
66

3,000 00
6,893,292 65
2,448-,757 60
4,000 00
581,771 21

$33,805,483 66

Collected
from
Stockholders
$7,560
13,826
20,011
18,139
15,659

21
29
23
37
11

X

606,717
482,095
364,556
9,367
11,253
3,940
22,832
17,432
888,139
357,823
33,196
26,241
8,925
7,015
47,979

66
29
66
72
94
00
78
50
12
22
74
45
95
59
05

Liquidation
Expense

$33,552
21,176
49,805
25,309
51,430
2,845,712
735,162
1,490,865
451,213
25,811
18,014
44,179
33,897
45,787
1,102,394
443,045
82,047
54,898
22,145
17,941
120,993

75
35
48
84
13
71
86
30
10
81
25
45
93
32
08
13
50
20
18
53
89

Secured and pre­
ferred Liabilities
Paid and Other
Disbursements
$627
5,693
3,811
1,159
68,672
12,586,476
4,948,098
8,343,469
4,604,985
267
26,328
8,982
524
1,139
8,766,573
3,346,153
30,354
2,663
6,407
209
544,645

77
41
29
21
55
3883
23
56
08
58
07
87
87
44
46
85
01
28
37
59

Dividends Paid
Amount
$56,283
81,474
197,708
113,454
70,724
6,955,615
2,393,180
4,689,830
3,437,682
126,226
104,011
229,377
146,524
325,595
5,861,875
2,361,319
609,160
413,405
98,381
75,120
1,127,051

Cash on
Hand and
on Deposit
12-31-39

Liabilities Unpaid, 12-31-39
Liabilities
Date of
Receivership

Balance Bills
Payable

Percentage
60
81
62
12
12
60
18
74
28
28
33
80
74
70
84
85
74
01
99
36
96

$2,962,713 88

$7,715,384 79

$43,297,243 70

$29,474,005 67

$15,542
10,815
*16,163
13,434
12,378
8,927
12,478
11,539
12,040
5,786
12,115
9,387

09
32
16
82
94
82
65
68
56
50
03
30

12,509
8,561
13,918
8,812
13,486
4,019

62
46
28
42
00
80

$15,366
16,210
. 28,377
12,496
22,593
15,542
20,897
48,242
20,802
17,337
9,357
12,216
5,451
24,765
33,024
19,152
16,708
27,796
10,662
3,242
11,404
15,870
18,071
18,929
52,528
9,812
12,359
17,128
108,178
23,407
20,775
32,123
10,730
20,583
66,280
23,360
9,544
11,704
17,999
9,838
23,027
8,338

$14,773
5,550
14,911
11,648
2,017
7,310
18,549
28,011
42,140
128,307
2,285
1,271
3,377
4,997
205,698
21,485
301
22,068
20,397
8,243
20,330
4,983
2,900
2,328
974

$59,093
46,690
112,173
78,109
123,100
59,258
68,910
125,771
49,009
51,068
56,554
44,269
47,637
89,324
122,464
44,277
63,992
111,991
48,367
58,589
63,050
63,368
64,163
76,945
132,785
58,926
94,332
50,286
452,415
108,077
45,156
109,433
92,853
70,898
137,395
208,108
40,100
71,640
147,609
59,000
87,467
131,107

35
70
45-35 i
77.35
35
70
80
57
82
55
90
90
60
75
80
90
70
65
85
75
100

$37,381
3,766
28,747
498
4,008
160,683
7,673
129,633
54,306
20,348
4,232
9.292
29,485
15,978
194,322
62,463
8.293
10,574
2,280
12,450
4,459

20
03
23
69
95
47
55
45
23
56
24
07
53
91
89
58
16
42
32
51
31

$800,880 30

$166,127
126,252
498,907
151,580
348,712
12,523,137
4,346,559
13,058,600
5,060,057
242,199
144,173
264,887
248,727
443,490
10,217,229
3,799,409
904,959
643,991
118,348
103,696
1,184,080

13
77
83
40
54
52
33
15
82
41
24
87
47
95
16
36
93
11
00
35
96

$54,595,129 30

$1,090,066
244,000
1,084,299
369,877

73
00
78
37

1,054,342 32
271,491 28

94,000 0Ò

Liabilities
to Depositors
and Others
$103,010
37,682
280,831
35,281
145,102
2,972,463
773,144
3,606,097
781,026
103,709
11,891
28,013
96,798
117,137.
1,599,495
281,591
262,879
224,888
17,393
26,349
2,841

62
98
47
64
71
46
47
28
92
17
71
57
61
23
75
57
07
49
64
50
62

$4,208,077 48

$11,507,631 48

$4,208,077 48

$11,507,631 ,48

Receiverships which paid final liquidating dividends and were closed:
5-29-34
2- 20-34
11-29-33
7- 6-33
87-10-34
5- 8-34
31-10-34
3445- 8-34
5- 8-34
1- 10-34
11-21-33
766-12-34
11- 7-33
10-23-34
10- 2-33
63-22-34
8- 1-33
765 -8-34
21-26-34
33- 7-34
12411- 8-34
94-23-34
4-26-34
7- 10-34
4-23-34
6-12-34
3-28-34

Amble..........................
Applegate...................
Bancroft......................
Bannister....................
Byron...........................
28-34
Conklin...................
Coral......... ..............
Dryden........................
14-34
East Grand Rapids..
Essexville....................
22-34
Fenwick.......................
17-34
Fife
Lake................... •
12-34
Garden City...............
Gobles..........................
Grand Rapids-----. . .
Grand Rapids............
Kingsley......................
10-34
Lexington...................
12-34
Lincoln..................
Linden.........................
Mackinac Island. . . .
Mackinaw City.........
Maple
12-34 Rapids............
Marysville..................
Melvindale..................
Mesick.......................
10-34
Millburg.
....................
29-34
Montgomery..............
Muskegon
Heights...
20-34
Nunica.........................
Parma........................•
14-34
Peck.............................
Pewamo.......................
21-34
Pittsford.....................
12-34
Pontiac........................
Saranac.....................
..
25-34
Six Lakes....................
Tawas C ity .. . . . . . . .
Ubly.............................
Vestaburg...............
Washington................
Woodland...................

Amble State Bank....................... ..
State Bank of Applegate....................
State Exchange Bank..........................
State Savings Bank............................
State Bank of Byron................ ..........
Conklin State Bank.............................
State Bank of Montcalm County...
Dryden State Bank.............................
East Grand Rapids State Bank. . . .
State Savings Bank.............................
Fenwick State Bank............................
Citizens State Bank............................
Garden City State Bank............. ..
First State Bank of Gobleville.........
Galewood-Wyoming State Bank. . . .
State Bank of Home Acres-----. . . . .
First State Bank of Kingsley............
Lexington State Bank.........................
Lincoln State Bank.............................
Linden State Bank..............................
Mackinac Island State Bank. . . . . . .
Mackinaw City State Savings Bank
First State Bank...................................
Marysville Savings Bank...................
•Melvindale State Bank........ !.............
Farmers and Merchants State Bank
Millburg State Bank...........................
Montgomery State Bank....................
First State Savings Bank...................
Nunica State Bank...................
First State Bank..............................
State Savings Bank.............................
State Savings Bank.............................
Pittsford State Savings Bank. . . . . .
Pontiac Trust Company.............
Saranac State Bank.............................
State Bank of Six Lakes.....................
Iosco County State Bank................ ..
Citizens State Bank............................
State Bank of Vestaburg. .................
Washington Savings Bank.................
Woodland State Bank.........................

Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed

6-22-39
4-20-39
8-22-39
8-29-38
8-22-39
6-30-39
6-22-39
11-15-39
12-31-38
11- 3-38
4-23-38
11-30-38
12-31-37
6-26-39
12-31-38
3-21-39
6-28-39
6-29-39
11-28-38
4- 1-38
10-30-39
11-29-38
1-20-39
7-14-38
10-14-38
10-31-38
4-18-39
12-31-38
12-30-39
8-24-39
2-28-39
6- 6-39
4- 7-38
2-27-39
11-23-38
9-20-39
12-13-38
9-26-38
11-15-38
10-19-38
12- 4-39
12-21-37

Total closed to 12-31-39

Grand Totals
♦Released to Trustees for stockholders at date of closing,
flndudes dividends paid to stockholders.
¿First percentage indicates Savings, second indicates General.
xCollections from Stockholders’ Assessments of $918,755.00 included in amount collected of $11,652,103.56.
¿Released to Reconstruction Finance Corporation at date of closing.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$122,680
106,389
175,185
130,317
166,456
125,726
147,089
277,612
122,793
184,852
71,062
78,634
80,249
200,149
236,327
88,509
107,327
205,969
115,173
94,575
124,116
101,455
127,199
133,145
672,277
93,595
162,067
109,275
712,858
150,821
136,701
249,152
132,877
120,748
428,398
467,220
75,345
107,591
233,591
77,273
168,146
207,865

08
41
01
26
04
74
79
93
57
58
06
91
70
66
19
61
55
53
30
05
90
52
37
88
82
84
14
63
44
83
97
91
54.
40
23
47
02
97
15
64
53
22

$12,272
13,957
24,906
9,150
28,376
5,999
16,059
31,968
8,209
17,865
6,331
3,292
2,941
12,278
29,975
9,634
11,536
21,329
7,914
3,160
5,647
10,228
8,877
13,973
34,436
7,343
6,405
11,550
83,869
18,326
6,106
42,900
7,597
8,324
142,236
29,379
10,632
6,225
18,962
15,790
22,147
8,491

73 .
79
21
77
60
13
90
62
96
49
81
40
79
42
42
53
98
40
15
08
25
16
84
28
28
74
92
98
50
92
39
30
90
58
32
92
34
53
94
77
92
75

$73,691
57,635
139,298
88,818
135,331
73,183
95,878
196,210
63,450
132,927
56,082
47,569
56,568
106,577
204,284
62,184
72,190
148,370
75,408
68,950
73,452
69,540
74,886
98,515
157,326
68,336
94,645
71,351
556,682
117,320
70,769
147,243
93,091
84,325
276,067
234,713
39,953
78,901
172,892
65,374
99,430
135,476

32
87
92
96
67
64
16
63
77
16
71
56
33
71
12
79
23
43
73
40
67
34
91
00
51
09
93
54
96
59
62
57
23
14
06
43
51
18
28
96
02
12

76
94
01
68

5,289 23
2,587 20
2,610 16
4,628 18
432
330
1,189
876
154
1,565
7,645
1,692
453
342
1,905
8,703
5,700
489,312
580
80
637
6,656
9
4,423
6,763
5,151
300
47,623
7,457
808
168
2,218
168
965
15

18
17
89
81
66
06
26
80
01
19
60
01
77
40
65
68
37
28
11
77
97
30
10
20
26
87
08
05
40
22
52

73
39
29
39
97
00
33
76
76
73
16
57
97
48
68
69
24
24
92
70
29
74
29
64
19
05
45
70
70
05
97
67
91
74
84
70
98
23
76
05
21
33

$7,307 02*

6,713 02*

* 38,490 75*
20,106 79*

144,471 45*
8,354 01*

$73,691
57,635
139,298
88,818
135,331
73.183
95,878
196,210
63,450
132,927
56,082
47,569
56,568
106,577
204,284
62.184
72,190
148,370
75,408
68,950
73,452
69,540
74,886
98,515
157,326
68,336
94,645
71,351
556,682
117,320
70,769
147,243
93,091
84,325
276,067
234,713
39,953
78,901
172,892
65,374
99,430
135,476

32
87
92
96
67
64
16
63#
77
16
71
56
33
71
12
79
23
43
73
40
67
34
91
00
51
09
93
54
96
59
62
57
23
14
06
43
51
18
28
96
02
12

$36,461 24
58,000 00
800 0Ô
148,342 16
8,813 37

1,125 00
3,000 00

23,795 88
4,200 00
30,821 71

5,000 00
3,300 00
44,023 39

18,331 87
14,682 73
10,248 52
5,166
3,588
14,267»
6,202
65,789
14,885
11,702
5,131
13,706
15,744
32,978
23,839
14,036
18,809
11,000
11,916
13,325
17,289

67
14
68
19 i
84
68
91
64
15
00
08
65
76
86
001
31
20
94

47
26
19
30
03
14
13
26
451
80i
62
24
35
07
94
94
54
22
86
79
22
83
19
54
22
41
26
08
22
81
76
47
79
24
64
07
26
53
98
73
48
91

2,22 2

14,339
61,879
721
47,361
10,818
3,213
8,587
49,886
27,084
4,345
16,099
62,306
8,452
2,260
13,319

11
65
78
11
51
80
12
22
80
15
17
08
50
91
56
80
92
72
86
17
16
83
79
68
93
211

25
15
10
69
57 |
40 8
05
28
14
59
67
54
16
43
75

83
28
11
37
07
52
56
38
32
71
95f
54
60
35
24
70
19
49
81
44
16
41
45
14f
91
12f
14
40
43
36
79
17
19
85
01
87
42
90
15
38f
31
40

76.6
64
86.1
82.10
90.46
70.7
67.1
57.3
79.91-51.10Î
58.80
109.4
85.68
102.96
57.25
84.695
100
74.65
76
65.80
107.1-108.4J
i 78
93.20
70.21934
104.86
100
105.89-114.4Î
78.7
70.80
105.8-109.811
100
4 8 .4 5 -4 6 .8 1 Î
55
98.85
88
100
63.25
76.80
112-115.36Î
76 .9 5 -7 4 .7 2 Î
112.5-115.4Î
71.5
95.982

$5,725 45#

101 88*

311 64*
3,185 70*

60,483 21*
1,565 94*

$97,725
85,318
150,181
107,162
139.455
98,420
122,504
246,033
92,507
160,240
50,828
52,636
48,698
162,157
195,503
56,583
87,497
181,465
92,727
65,376
98,479
74,915
102,904
67,436
521,406
65,894
124,633
81,639
484,147
108,908
114,293
218,999
100,942
90,009
90,670
363,344
57,111
79,658
220,810
56,145
126,140
150.455

38
37
19
51
91
79
30
47
83
51
36
72
00
99
93
55
89
03
29
98
48
87
65
76
74
35
10
96
18
37
13
68
17
75
04
76
94
02
14
45
65
14

$7,628,809 39

$796,618 71

$4,834,910 77

$632,098 80

$2,732,975 49

$225,443 04

$4,834,910 77

$367,682 75

$544,561 27

$9,22,241 24

$927,763 31

$3,825,776 42

$71,373 82

$5,691,973 33

$75,914,495 14

$12,314,185 68

$49,354,227 69

$3,214,469 78

$10,342,957 73

$ 2 5,3Ì 7 ,025 62

$49,354,227 69

$34,173,166 41

$3,507,275 15

$8,637,626 03

$44,225,007 01

$33,299,782 09

$872,254 12

$60,287,102 63


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

TABLE No. 28— Court Receiverships.

Date of
Receiver­
ship

Location

Name of Bank in Receivership

Receivers appointed under the provisions of Act 66, P. A. 1929, as amended.

Receiver

Book Value of
Assets ät Date
of Receivership

Additional
Assets Acquired
and Cash
Income

Progress of Liquidation to 12-31-39

Cash
Collections

2- 6-32
12-14-31
9-23-31
12- 3-31
7-20-31
2- 2-31
11-27-31
12-16-32
2-13-33
4- 6-32
10- 7-31
7-24-31
7-16-31
12-29-32
8-15-30
4- 5-32
11-30-31
1-11-32
7- 8-32

Albion..................... ....
A r c a d i a ^ .
Belding. ......................
Benton Harbor..........
Birmingham...............
Bridgman....................
Cadillac.......................
Center Line................
Columbiaville............
Comstock Park.........
Detroit.........................
Detroit........................
Detroit.........................
Detroit.................. ......
Detroit.........................
East Detroit...............
East Lansing. ............
Eaton Rapids.............
Edmore........................

7-20-31
8- 2-32
4-25-31
1- 7-33
4-19-32

Farmington.................
Farmington................
Ferndale......................
Freeport......................
Harrisville...................

8-15-32
8-15-32
9-12-32
12-22-25
9-16-32
12- 5-35
4- 3-31
11- 9-31
12-14-31
12-17-32
4- 9-32

Imlay City........... ..
Imlay City.................
Jamestown..................
Jeddo...........................
Kawkawlin.................
Lennon........................
Lochmoor. ..................
Lyons...........................
Marne..........................
Memphis.....................
Merrill.........................

12-16-32
2-10-33
8- 8-31
11-16-32
2- 8-32
7-28-31
9- 1-32
11-25-32
2- 2-33
6-26-31
7- 1-32
10- 3-32
4- 7-38
5- 2-32
7- 2-32
10-13-33
10- 1-31
11-20-31
7- 7-31

M t. Clemens..............
M t. Morris.................
Nashville.....................
Negaunee......... ..
New Buffalo...............
Pontiac...................... ..
Powers..................
Republic. . . ...............
Roseville.....................
Royal Oak................
St. Louis.....................
Suttons Bay...............
Trout Creek...............
Union C ity............. ....
Vassar..........................
Vassar..........................
Vicksburg...................
W ayne........................
Wayne.........................

Albion State Bank...................................
Willard R. Noyes.............................
Arcadia State Savings Bank.............
L. D. Rose.....................................
Belding Savings Bank.............................
Clair R. Carr........... ............ ............
Berrien County Bank................. ............
W . Worth Bean, Jr..........................
First State Savings Bank.......................
C. Henry Purdy.........................
Bridgman State Bank.............................
W . Worth Bean, Jr..........................
Peoples Savings Bank.....................
Leo R. Barnes........... .......................
Center Line State Savings Bank.. . . . .
Melvin F. Van Howe................
Columbiaville State Bank............. ; . . .
C. R. Bowles. .................. ..........
Comstock Park State Bank...................
F. I. Card..........................................
Fidelity Bank and Trust C o..................
Fred L. D ay................. ....................
Guaranty Trust C o.. . . .........................
Detroit Trust Co......... : ..................
Metropolitan Trust Co...........................
Scott E. Lamb.......................
Northwestern State Bank......................
Newell B. Wallace.................
Standard Trust Co............ .......................
James E. Atkinson......... .. .............
Stephens State Bank...............................
Melvin Van How e...........................
Clayton F. Jennings........................
Michigan State Bank..............................
Michigan State Bank..............................
Harry O. Mohrmann......................
Edmore State Bank.................................
Clair R. Carr............. . . . . . ............
Erie State Bank........ ..........................
A. E. Shinevar...............
Farmington State Savings Bank.......... . Thomas S. Edwards........................
Peoples State Bank................................... Thomas S. Edwards........................
Ferndale State Bank............................... . George H. VanBuren......................
State Bank of Freeport............................ Harry O. Mohrmann.......................
Alcona County Savings Bank................. George R. Emerick..........................
Peoples State Bank......................... .......... A. E. Shinevar.........................
Lapeer County Bank................................ Ronald D . Rhead............................
Peoples State Bank................. .................. Ronald D . Rhead.............................
Jamestown State Bank............................. Henry Winter............................ . . .
Jeddo State Bank........... ........................... George C. W atson..........................
Farmers State Bank................. ............. W . A. Markey. .............................. ..
Lennon State Bank. . ' ..............................
John C. VanCamp...........................
Lochmoor State Bank.............. ................ James E. Atkinson...........................
Lyons State Bank..................... ................ F. B. Post............ ............
Berlin State Bank..................................
C. Leo Van Frank...........................
Memphis State Bank................................ B. A . Kalahar...................................
State Bank of Merrill................................ Elzie S. Beaver.................................
Union State Bank...................................... Henry H. Stickfort................. ........
Citizens Savings Bank.............................. B. A. Kalahar.............. ....................
Mount Morris State Bank....................... Walter R. Beerman........................
Nashville State Bank................................ Harry O. Mohrmann......................
Negaunee State Bank.............................. G. Sherman Collins........... ...........
New Buffalo State Bank.......................... W . Worth Bean, J r.........................
Pontiac Commercial and Savings Bank Hugh A. McPherson.......................
First State Bank......................................... Howard E. Nadeau...................
Republic.State Bank................................. Roy H. Johnson...............................
Roseville State Savings Bank.................. Joseph E. Riesterer.........................
State Savings Bank.................................... Harry W . Gross................... : ..........
Gratiot County State Bank.................... H. J. Stroupe........................... ..
Leelanau County Savings Bank............. J. A. Hanslovsky.............................
Trout Creek State Bank........................... Federal Deposit Insurance Corp’n
Union City State Bank............................. Frank Coward................................ ..
Michigan Savings Bank............................ Ronald D. Rhead. ...........................
State Savings Bank.................................... Ronald D. Rhead.............................
Farmers State Bank......... ................
Karl Gibson................. ....................
Peoples State Bank.................................... R. B. Reader....................................
Wayne Savings Bank................................ R. B.'Reader....................................

Total Active as at 12-31-39

$609,219 73
93,377 23
1,321,646 56
901,268 92
2,696,140 56
516,214 59
1,077,714 20
728,534 87
205,326 79
308,674 66
8,783,866 80
2,115,110 52
2,623,591 48
1,176,898 25
1,307,860 31
395,988 13
175,356 72
506,579 34
301,129 56
218,153 76
819,470 69
580,943 91
607,121 31
268,719 53
377,253 41
241,885 89
875,125 65
533,428 69
324,660 40
42,004 52
143,283 74
78,715 20
387,838 10
167,865 44
162,522 43
208,200 37
407,636 66
1 6 1 ,82240
4,736,454 20
164,20/ 35
909,186 29
529,637 83
232,739 87
15,592,720 51
258,843 61
149,979 87
503,963 54
7,414,666 19
2 6 4 ,/82 03
438,638 50
46,141 46
150,380 92
347,049 02
649,151 14
641,080 02
1,137,583 01
1,785,596 68

$68,403,953 36

$97,598 94
5,288 76.
143,853 71
227,899 74
400,829 57
92,553 45
212,821 49
106,900 48
28,500 64
32,495 42
899,386 08
193,310 59
608,092 75
281,371 73
210,671 75
66,200 62
26,535 37
47,461 18
32,325 58
32,703 02
88,821 47
30,260 64
91,214 08
23,399 67
57,740 96
36,097 13
108,628 64
70,406 65
31,335 72
12,793 20
18,736 41
6,619 69
42,720 30
31,074 08
39,947 32
20,544 47
46,206 44
16,494 94
448,390 33
42,738 31
97,911 79
112,422 03
30,945 72
2,909,473 37
23,625 42
20,955 45
40,050 04
939,044 97
58,286 29
48,475 83
521 56
12,800 88
35,086 90
236,842 18
423,654 22
108,943 26
210,633 89

$10.320,645 12

Report of Commissioner of Banking indicating results of liquidation of court receiverships to December 31, 1939.

$397,290 45
57,470 12
713,296 17
610,220 25
1,428,628 45
332,831 10
789,836 69
472,789 41
112,858-50
174,579 38
3,757,868 72
1,700,861 93
639,409 91
938,278 85
558,301 82
197,453 88
80,133 67
272,019 80
180,552 59
190,300 72
422,564 56
260,351 63
275,549 67
155,371 80
209,262 60
210,971 24
788,140 63
316,085 28
161,241 04
34,974 07
92,741 73
49,523 65
267,351 10
116,455 79
132,362 17
124,863 06
229,908 97
71,802 18
2,314,370 25
114,453 22
602,286 76
430,057 89
141,556 46
9,310,731 08
170,048 21
77,703 46
238,451 00
2,805,320 73
189,295 97
240,311 01
6,585 62
74,114 37
112,154 85
554,802 98
805,416 53
680,097 18
868,071 78

$37,260,332 93

Offsets
Allowed

Losses on
Assets

$25,182 47
29,103 90
123,678 52
53,477 39
322,918 53
48,574 99
121,556 13
45,326 79
16,504 45
8,899 47
1,078,085 29
205,588 28
1,174,802 02
32,561 25
626,840 60
36,668 28
54,739 48
27,506 51
11,000 02
19,635 69
108,690 58
33,579 25
216,194 08
13,437 53
32,539 84
16,262 20
11,219 47
7,570 35
17,388 40
3,861 49
5,720 53
10,485 37
13,592 16
34,682 67
14,321 30
23,392 98
52,413 06
13,021 56
89,963 10
5,105 61
36,979 87
31,894 89
5,141 96
2,195,695 13
11,831 76
1,615 82
55,245 39
679,523 38
8,839
2,951
19,404
75,692
27,975
34,466
111,970
127,979

Cash Receipts
Book Value
of Assets
at 12-31-39

73
94
25
16
64
79
90
77

139,852
12,091
325,438
62,328
542,308
85,805
205,059
40,774
33,738
130,243
2,340,842
341,768
1,128,299
185,074
169,963
58,903
51,680
139,664
71,947
26,614
160,068
172,884
178,171
46,357
96,314
18,523
101,172
96,458
83,913

29
97
02
96
37
97
72
51
28
81
91
04
18
81
85
06
44
94
93
93
60
89
09
81
35
38
07
83
50

58,182
7,100
67,338
12,183
27,722
44,212
107,941
11,687
1,030,155
26,421
179,926
89,152
68,408
1,662,009
24,380
63,464
64,285
2,156,788
32,259
132,237

93
98
57
01
53
20
66
43
64
05
21
41
52
58
99
90
05
45
65
10

53,994
112,650
108,029
223,613
191,267
326,688

18
80
80
14
33
81

$8,213,300 97

$13,928,369 43

$31,418
7,717
3,062
5,785
5,785
28,583
3,445
2,800
705,642
52,901
12,355
5,838
2,701
520,793
9,620
8,143
28,974
16,541
1,021
35,500

$202,928
55,644
58,021
52,438
69,030
99,734
50,614
15,912
741,860
305,081
84,183
138,084
65,345
1,572,025
57,425
61,242
12L.279
64,697
48,892
143,115

$144,493 46
303,087 56
403,142 06
803,114 78
141,555 98
174,083 15
276,544 64
70,726 20
27,447 42
2,506,455 96
60,202 86
289,173 12
302,355 07
163,425 79
169,163 53
15,338 50
114,849 27
69,954 60
14,305 44
216,968 42
144,388 78
28,420 55
76,952 06
96,877 58
32'226 20
83,222 12
183,720 88
93,453 18
15,962 16
5,374 96
18,224 89
82,276 57
35,618 05
28,063 75
36,276 60
63,579 41
81,806 17
1,750,355 54
60,965 78
187,905 24
90,954 67
48,578 65
5,333,758 09
76,208 07
28,151 14
186,032 14
2,712,078 60
101,512 70
105,726 49
37,125 46
15,669 OOx
81,638 11
195,184 90
1,237 78
263,190 86
673,490 21

$19,322,595 15

Amount
Collected

Amount
Borrowed
by Receiver

$397,290 45
57,470 12
713,296 17
610,220 25
1,428,628 45
332,831 10
789,836 69
472,789 41
112,858 50
174,579 38
3,757,868 72
1,700,861 93
639,409 91
938,278 85
558,301 82
197,453 88
80,133 67
272,019 80
180,552 59
190,300 72
422,564 56
260,351 63
275,549 67
155,371 80
209,262 60
210^971 24
788,140 63
316,085 28
161,241 04
34,974 07
92,741 73
49,523 65
267,351 10
116,455 79
132,362 17
124,863 06
229,908 97
71,802 18
2,314,370 25
114,453 22
602,286 76
430,057 89
141,556 46
9,310,731 08
170,048 21
77,703 46
238,451 00
2,805,320 73
189,295 97
240,311 01
6,585 62
74,114 37
112,154 85
554,802 98
805,416 53
680,097 18
868,071 78

$37,260,332 93

$248,000 00
3,000 00
3,000 00

23,000 00
24,243 46
1,000 00
190,198 72
250 00

12,000 00

933,841 38
146,020 33
4,338,304 40
35,643 29
4,500 00
986,668 60

116,000 00
221,586 50

$7,287,256 68

Disposition of Cash Receipts

Collected
from
Stockholders

Liquidation
Expense

$25,642
6,380
86,161
31,633
88,627
8,950
43,024
24,479
8,989
5,739
452,474
348,517
434,830
22,953
7,933
8,571
22,707
54,522
20,909

43
70
87
89
71
00
14
69
65
75
10
67
06
31
13
05
45
59
89

24,361
30,401
29,795
14,000
11,247

84
03
50
64
32

J 2,091
25 ; 373
19,097
9,929
18,050
9,382
23,955
5,000
15,189
4,091
6,615
2,090
83,476

10
89
98
65
00
43
03
00
49
76
40
90
93

59,529
34,862
17,978
498,925
13,502
19,185
10,749
234,615
14,219
9,727

71
15
64
69
67
16
46
29
50
52

10,669
21,115
41,374
21,877
14,826
22,674

14
41
57
45
20
12

$171*777 09
10,299 97
140,295 45
114,072 99
303,295 89
61,867 17
128,072 44
132,786 39
32,603 67
33,344 51
508,451 67
263,180 73
220,215 20
265,423 76
215,485 67
74,764 75
22,010 61
39,685 27
47,531 85
35,417 18
108,439 27
71,844 03
78 ,’ 835 47
39,968 15
42,392 83
40,842 37
96,785 58
67,659 05
34,437 34
9,066 28
14,860 31
10,395 69
71,083 82
26,602 64
26,035 88
42,202 33
38,257 03
16,505 65
342,850 04
37,900 37
116^506 27
45,725 12
30,312 38
2,554,516 12
31,458 74
11,784 72
83,822 47
538,167 97
42,057 48
39j 126 73
4,728 89
15|326 25
41,053 10
35,186 32
77,889 62
117,035 10
174,649 21

Secured and Pre­
ferred Liabilities
Paid and Other
Disbursements
$23,184
13,947
94,282
381,246
427,447
51,479
113,904
78,745
16,061
43,524
939,192
1,280,646
584,584
180,250
206,036
100,588
25,984
48,731
40,785
9,360
229,819
36,973
44,478
10,274

15
07
01
43
81
87
26
29
52
55
47
92
74
61
20
59
60
27
66
57
98
34
42
10

16,472 78
33,845 37
75|731 11
13,355
82
1,066
37,490
5,040
16;549
59;703
12;303
2,046,567
34,629
27,337
224,566
46,313
4,042,658
30,746
56,068
55,746
1,844,040
41,069
66;366
101
4,745
10,434
186,480
434,368
378,804
350,365

22
55
13
48
63
52
53
23
99
92
76
58
76
26
61
58
10
91*
94
34
26
57
67
81
99
47
16

Cash on
Hand and
on Deposit at
12-31-39

Dividends Paid
Amount

146,961 12

(¿32 ; 704
141,141
913,501
30,502
450,393
334,247
j 79,873
7,381,037
107,069
54,415
106,967
1,596,754
115,028
137,358

70
05
29
90
73
89
83
32
37
45
23
69
55
82
03
31
16
51
40
91
01
75
63

64,071
'' 79,398
361,846
284,675
3 1 2 ;242
553,189

28
04
65
79
77
46

1 68,777

$3,083,032 65

$7,996,892 88

$15,209,950 35

$23¿433,276 10

$14,955
17,051
3,163
11,338
14,712
10,926
15,373
13,590
43,884
23,450
7,863
11,571
11,933
103,441
4,500
6,414
22,064
10,919
19,000
16,418

$56,252
16,067
30,364
20,569
29,268
22,504
18,581
17,232
88,725
53,365
35,182
33,956
14,628
286,719
<23,206
22,980
38,171
22,511
8,814
29,695

$204,532
26,179
50,037
20,674
13,200
38,385
17,589
5,996
273,422
168,203
21,028
20,582
83
290,389
22,414
6,266
24,609
28,956
2,580
24,461

$252,704
46,364
46,647
65,680
91,709
42,430
80,613
120,850
308,224
223,882
93,049
170,238
59,593
648,949
77,339
66,489
271,556
55,880
61,006
157,267

55
70
55
60
45
55
75
57.5
45
40
65-60+
35
100
55
90
22.5
60
70
50
85
45
40
60
53.5
85
85
55
30
50
75
75
90-40*
70
100
45
70
75-25*
35
60
75
55
70
58
55
25
32
60
35
64
40
65
60
50
40

$10,333
3;418
33;489
15^620
48,431
9 ; 668
2 i ; 723
9,618
9,388
l i ; 702
40;216
60;051
57,856
25,462
4,657
5 ; 691
3,564
6; 930
7; 920
8,003
1 2 ;662
4,911
'612
9,363

45
88
06
72
92
23
23
28
46
94
29
26
96
69
00
15
00
53
95
32
00
46
83
68

$533,297
68;044
l , 1 2 i ; 804
'784;702
2,385,508
473;534
914;590
597,707
172,262
278;885
6,470;819
1,437,349
i ; 388;868
1,121,804
985,625
3 3 i ;836
150,318
403;869
262;783
195,462
760,994
516,535
479;924
230,693

64
67
96
57
51
13
21
03
93
84
21
39
61
83
45
53
89
00
34
93
77
30
56
41

li;5 5 0 05

456]800 07
285,686 08

4,487
5,570
i;ii 8
17;610
28
702
1,425
5; 859
3 ; 942
28;768

15
30
11
29
84
83
60
36
97
84

122,903
73;268
354,393
146;587
133;964
173,886
347,378
136,120
3,906,252

29
95
63
64
53
79
52
24
61

67,578
6; 401
3,035
169;749
14,276
10;263
7,163
47,641

62
64
65
63
02
21
98
73

8151455
545;596
197,197
14,186,725
215,826
119;029
450,129
6,529,636

80
10
00
12
38
04
51
30

7,186
i;755
640
2,384
1 2 ;663
30/359
2; 841
34,128

83
47
41x
45
77
58
04
57

$990,502 93

Liabilities
to Depositors
and Others

659,099 60

$5,529 28

167,679 39

11,138 77
250 00
52 35

6] 694 97
1 2 ;193 52

Liabilities Unpaid, 12-31-39

Balance Bills
Payable

Percentage

$217,638 19
•36,184 90
531;391 52
1378,914 00
738,080 54
218;765 83
572,160 90
279,119 14
63,794 50
91,747 13
2,1/22,482 39
'445,500 69
211,583 07
513,095 10
140,056 08
49,223 90
51,281 91
231,195 32
106,224 02
137,519 65
286,203 87
177,023 83
181,668 45
109,766 51

228,404
I 69,977
31,350
j 77;005
47,309
¡201,545
¡57,333
115,772

Liabilities at
Date of
Receivership

, w

303,389 23
2,811 82
116,580 28
1,552,247 91

3 ,0 3 1 i953 46

4,500 00
i;035 94

3,299,380 93

127,563 06
309;350 14
5 9 i ;029 07
1 ,055;710 8 9 1
1,667,293 38

$57,807,385 40

4,000 00
831,994 31

$1,886,455 30

$18,241,291 59

$1,886,455 30

$18,241,291 59

Receiverships which paid final liquidating dividends during 1 939:
Bad Axe. . .
Baroda........
Beaverton..
Butternut. .
Casnovia. ..
.Clawson----Climax........
Dimondale.
Ferndale. . .
Marlette. . .
Middleton..
Onaway.. . .
Pellston.. ..
Pontiac. . . .
Rose C ity. .
Sand Lake..
Scottville...
Sheridan. . .
Sherwood. . .
Stevensville.

State Savings Bank..................................
Baroda State B a n k ...........................; . .
State Bank of Beaverton.......................
Peoples State Bank.................................
Farmers and Merchants State Bank. .
Clawson State Savings Bank.................
Climax State Bank..................................
Dimondale State Bank...........................
American State Bank..........................
Commercial State Bank.........................
Peoples State Bank...................... ...........
Onaway State Savings Bank.................
Peoples State Savings Bank..............
Peoples State Trust and Savings Bank
Rose City State Bank.............................
Exchange State Bank..............................
Peoples State Bank..................................
Peoples State Bank..................................
State Savings Bank...........................
Stevensville State Bank..........................

Totals

Grand Totals
*First percentage indicates Savings— second General.
tFirst percentage indicates Trust Department— second Banking.
xFigures shown are as of March 1, 1940, 12-31-39 figures not available.
#Excess assets remaining after depositors were paid in full including interest, to be transferred to Trustee for
benefit of stockholders.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$565,918
122,583
165,389
131,604
183,119
207,372
134,322
149,073
1,760,296
642,152
209,130
316,127
119,213
2,720,631
166,583
143,186
425,048
149,885
97,369
343,580

73
22
02
08
22
53
39
95
23
03
77
20
23
89
11
85
09
33
52
47

$44,559
12,338
19,580
22,206
11,162
13,339
21,148
22,270
313,694
45,254
24,805
41,001
11,205
494,803
18,922
15,521
37,478
27,781
5,945
30,042

30
91
98
02
20 ;'
30
52
24
45
28
97
15
20
90
61
62
26
99
59
55 1

$376,130
71,559
123,885
95,586
119,465
92,393
101,411
132,290
626,488
329,423
137,397
213,205
62,372
1,122,616
118,459
89,322
312,272
96,428
53,401
195,006

96
94
18
61
53
84
05
47
21
96
73
93
33
33
80
51
67
64
48
65

13
22
96
49
41
12
33
34§
11
09
15
08
01
89
00
30
30
31
46
80

94
97
86
00
48
87
53
84
36
26
86
34
09
57
921
66
38
37
17
57

$20,340 54#

$376,130
71,559
123,885
95,586
119,465
92,393
101,411
132,290
626,488
329,423
137,397
213,205
62,372
1,122,616
118,459
89,322
312,272
96,428
53,401
195,006

96
94
18
61
53
84
05
47
.21
96
73
93
33
33
80
51
67
64
48
65

$122,402 31

92,577 28
4,000 00

95
74
93
27
73
90
95
87
03
00
18
82
03
15
37
98
78
61
00
22

55
34
13
69

80S
55
73
38
63
21
87
47
34
19
28
94
18
53
16
53

09
81
52
74
00
48
32
58
44
31
40
42
98
09
20
69
34
34
61
88

58
60.41
53
5 9.4
46 8 8 .6 -3 7 .5 5 *
45
71.6
46 ?
6 6 -59.5*
71
37
95 I
82.5
66 110.25-112.81 *
17
21.5
72 1
48.91
64?
59.08
86
72.6
04
66.3
20
45
69
70
86
64.32
93
85.74
38
6 3.4
71
96
46
65.5

$1,801 72#

$532,415
102,617
142,314
107;146
163;764
178;296
108;035
113;670
1,624;393
5 9 7 ;i l l
183;260
267;631
93,083
2,143,832
137;664
364,140
122,645
66;157
294;204

52
33
29
44
08
12
50
43
52
38
24
65
41
63
54*
16
26
76
21A

$8,752,587 86

$1,233,063 04

$4,469,119 82

$1,488,630 50

$4,007,560 04

$20,340 54

$4,469,119 82

$218,979 59

$382,575 51

$868,798 50

$1,259,594 24

$2,940,480 46

$1,801 72

$7,455,534 36

$77,156,541 22

$11,553,708 16

$41,729,452 75

$9,701,931 47

$17,935,929 47

$19,342,935 69

$41,729,452 75

$7,506,236 27

$3,465,608 16

$8,865,691 38

$16,469,544 59

$26,373,756 56

$992,304 65

$65,262,919 76


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

TABLE No. 29— Condensed abstract of 104 closed, 2 re-organized, and 78 active receiverships from the date of organization of
the Department in 1889 to the close of business, December 31, 1939

One Court
Receivership
out of which
Re-organiza­
tion was
Effected

One
Department
Receivership
out of which
Re-organiza­
tion was
Effected

62 Closed
Court
Receiverships

42 Closed
Department
Receiverships

57 Active
Receiverships
under the
Jurisdiction
of the Courts

21 Active
Receiverships
under the
Jurisdiction of
this Department

Assets at date of receivership............ . ................ $816,180 19
53,315 23
Additional assets acquired, including income...

$987,504 71
63,301 96

$29,299,996 80
4,331,656 28

$7,628,809 39
796,618 71

$68,403,953 36
10,320,645 12

$68,285,685 75
11,517,566 97

$175,422,130 20
27,083,104 27

Totals......................................................... $869,495 42 $1,050,806 67

$33,631,653 08

$8,425,428 10

$78,724,598 48

$79,803,252 72

$202,505,234 47

$16,858,316
2,923,674
13,189,256
660,405

$4,834,910
632,098
2,732,975
225,443

77
80
49
04

$37,260,332 93
8,213,300 97
13,928,369 43

$44,519,316 92
2,582,370 98
7,609,982 24

19,322,595 15

25,091,582 58

$104,245,084
14,380,521
37,518,535
1,946,915
44,414,177

$33,631,653 08

$8,425,428 10

$78,724,598 48

$79,803,252 72

$202,505,234 47

8,791 89

$16,767,696 78
881,610 96
1,238,021 70

$4,834,910 77
367,682 75
544,561 27

$37,260,332 93
7,287,256 68
3,083,032 65

$44,519,316 92
33,805,483 66
2,962,713 88

$104,154,464 09
42,342,034 05
7,847,155 81

$512,037 39

$18,887,329 44

$5,747,154 79

$47,630,622 26

$81,287,514 46

$154,343,653 95

$36,826 63

$70,413 67

$2,649,207 45

$922,241 24

$7,996,892 88

$7,715,384 79

$19,390,966 66

108,010 62
16,773 88
117,384 48

5,392 54
422,123 05
14,108 13

4,370,239 93
11,828,789 88
39,092 18

927,763 31
3,825,776 42
71,373 82

15,209,950 35
23,433,276 10

43,297,243 70
29,474,005 67

990,502 93

800,880 30

Totals......................................................... $278,995 61

$512,037 39

$18,887,329 44

$5,747,154 79

$47,630,622 26

$81,287,514 46

$154,343,653 95

$60,000 00
584,262 55
108,010 62

$350,000 00
595,656 48
7,553 03

$3,033,200 00
21,955,530 50
3,819,918 10

$1,185,000 00
4,712,620 48
979,352 85

$6,535,000 00
47,989,915 99
9,818,511 29

$6,710,000 00
44,643,620 32
9,951,508 98

$17,873,200 00
120,481,606 32
24,684,854 87

$503,245
9,770
17,507
520,282

50
91
92
34

Collections:
Amount collected................................................. $268,961 19
Amounts borrowed......................... ............. ..
10,034 42
Collected from stockholders..............................
Totals......................................................... $278,995 61
Disposition of Collections:
Liquidation expense............................... ..
Secured and preferred liabilities, loans and
interest paid......................................................
Dividends paid.....................................................
Other disposition of collections........................

Total capital stock..................................................
Deposits at date of receivership...........................
Other liabilities at date of receivership..............


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$503,245 50

63,918,600
69,000,745
241,958
1,791,383

19
31
65
59
73

45
00
61
23

COMMISSIONER

Totals......................................................... $869,495 42 $1,050,806 67

88
34
34
52

R E PO R T OF TH E

Disposition of Assets:
Amount collected................................................. $268,961 19
19,305 31
Offsets allowed.....................................................
40,444 23
Losses on assets...................................................
540,784
69
Other disposition of assets.................................

Totals

TABLE No. 30— List of Segregated Trusts of Michigan State Banks re-organized under Act 32, P. A. 1933

Name of Bank


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.. .

Basis of
Reorganization

Book Value
of Assets at
12-31-39

A d dison .......................
A d rian .........................
A drian..........................
A drian.........................
A llegan........................
A lm o n t........................
A lp en a.........................
A lt o ..............................
A rm ada.......................
A sh ley..........................
A u b u rn ........................
Bad A x e ......................
Bellaire........................
Birch R u n ...................
Blanchard...................
Breckenridge..............
B righton......................
Byron Center.............
C am den.......................
Carson C ity ...............
Cedar Springs............
Centreville..................
C heboygan.................
Chesaning...................
C larkston....................
Clarksville...................
C lin ton ........................
Constantine................
C orunna......................
Croswell.......................
D a v ison .......................
D ow ag iac....................
D u ra n d ........................
Fountain.....................
Frankenmuth.............
Frankenmuth.............
Freeland......................
F rem ont......................
G ladw in.......................
H am tram ck................
Harbor Beach............
H em lock ......................
H esperia......................

50-50
50-50
65-35
50-50
50-50
40-60
50-50
50-50
50-50
50-50
60-40
50-50
50-50
50-50
50-50
50-50
50-50
50-50
50-50
60-40
50-50
60-40
50-50
60-40
50-50
40-60
40-60
50-50
50-50
60-40
50-50
50-50
50-50
50-50
60-40
40-60
60-40
60-40
40-60
40-60
50-50
50-50
50-50

$128,758
361,668
158,613
308,987
120,114
91,296
1,001,824
20,097
112,493
34,138
54,037
201,383
63,230
95,703
59,070
78,332
34,269
52,271
67,833
37,468
85,488
104,446
206,165
336,105
31,005
41,432
263,331
106,219
136,490
182,982
75,702
42,599
198,403
26,189
238,761
204,308
50,650
222,865
154,043
206,773
106,295
85,785
78,386

Balance of
Certificates of
Participation at
12-31-39

97
83
00
45
51
72
61
79
34
73
65
92
94
51
12
56
26
07
78
29
50
63
01
40
37
44
50
19
79
53
91
85
61
97
21
67
86
75
95
21
41
32
04

$94,715
341,597
135,353
236,649
96,719
75,780
497,481
33,595
86,259
40,034
20,327
195,268
27,714
60,919
46,663
51,851
21,235
39,402
45,503
7,184
70,404
37,985
106,083
304,836
23,595
25,682
235,619
126,993
93,449
84,234
11,868
95,259
196,758
5,978
55,185
197,269
21,219
186,165
169,132
178,537
72,136
19,218
36,064

79
04
39
07
93
63
34
90
04
50
21
87
05
47
45
74
09
27
15
55
33
96
94
54
33
60
90
10
30
66
94
61
71
63
40
10
83
48
29
99
20
92
20

Percentage
of Dividends
Paid on
Certificates of
Participation
40
45
70
65
66
20
70
60
55
50
72.5
50
60
50
50
70
80
48
60
95
50
80
65
45
80
75
40
45
70
80
90
44.10
45
90
90
40
60
40
30
36
80
90
60

Bills Payable
at
12-31-39

$ 2,100 00

STATE BANKING D EPARTM EN T

Addison State Savings Bank.....................
Adrian State Savings Bank.......................
Commercial Savings Bank.........................
Lenawee County Savings B ank...............
Allegan State Savings B ank......................
Alm ont Savings B ank .............................
Alpena Trust and Savings B a n k .. . . . . . .
Farmers State Bank....................................
Armada State B ank................. ..
First State Bank..........................................
Peoples State Savings B ank......................
State Bank of Frank W . Hubbard & Co.
Bellaire State Bank.....................................
Birch Run State Bank................................
Blanchard State B ank................................
Farmers State Bank....................................
The Brighton State B ank..........................
Byron Center State B ank..........................
First State Bank..........................................
State Bank of Carson C ity ...........
Cedar Springs State Bank.........................
W olf Bros. State Bank...............................
Cheboygan State Savings B an k...............
Chesaning State B ank................................
Clarkston State Bank.................................
Edwin Nash State B ank............................
State Savings B ank.....................................
First Commercial Savings Bank..............
Old Corunna State Bank...........................
State Bank of Croswell..............................
Davison State Bank....................................
Lee State B ank............................................
Shiawassee County Bank...........................
Fountain State B an k..................................
Frankenmuth State B ank..........................
American State Bank..................................
Freeland State Bank...................................
Old State B an k............................................
First State Savings Bank...........................
Liberty State Bank of Ham tram ck.........
Huron County State B ank....................
Hem lock State B ank...................................
State Bank of Hesperia..............................

Location


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Hillsdale...........
Hillsdale...........
Holland.............
H om er...............
Howard C ity. .
Hudsonville___
Jonesville..........
Kalamazoo
K aleva..............
Kent C ity .........
Kingston...........
Lakeview..........
L ’A nse........ •...
Leslie.................
L inw ood...........
Ludington........
Mancelona
M anchester.. . .
M aybee.............
M cB ain.............
M en don............
M errill..............
M idland............
Minden C ity . . .
M ohaw k...........
M ontague.........
M orley..............
M t. Pleasant.. .
M unising..........
M u nith.............
N ew a yg o.. . . . .
New Baltimore
N ew berry.........
N ew port...........
Ortonville.........
Oscoda..............
Otisville............
O xford...............
Paw Paw ..........
Pentwater........
Pinconning
Port Austin
Port H op e........
Portland...........
Reed City .■•....
Rem us...............
Riverdale.........
R ock ford..........
Rogers C ity . . .
Sebewaing........
South H aven. .
South Lyons. . .
South R a n g e ..

65-35
65-35
50-50
50-50
50-50
40-60
55-45
50-50
50-50
50-50
40-60
50-50
60-40
50-50
60-40
50-50
50-50
50-50
50-50
50-50
60-40
50-50
65-35
50-50
50-50
40-60
50-50
60-40
40-60
40-60
60-40
50-50
50-50
50-50
40-60
50-50
40-60
50-50
40-60
50-50
40-60
40-60
50-50
50-50
50-50
50-50
50-50
50-50
50-50
50-50
50-50
50-50
50-50

R E PO R T OF TH E COMMISSIONER

First State Savings Bank.......................................
Hillsdale Savings B ank...........................................
First State Bank.......................................................
Calhoun State Bank................................................
O’Donald State B ank..............................................
Hudsonville State Bank..........................................
Grosvenor Savings B ank........................................
Home Savings Bank................................................
Kaleva State Bank......................... .........................
Kent C ity State B ank.............................................
Kingston State B ank.................................... ..........
Farmers and Merchants State B ank...................
Miners and Merchants State Bank of Greenland
Peoples Bank.............................................................
State Bank of Linw ood........... ...............................
Ludington State B ank............................................
Antrim Co. State Savings Bank.............. . ..........
Peoples Bank.............................................................
Peoples State Bank..................................................
M cBain State B ank.................................. ..............
First State Bank.......................................................
Farmers and Merchants State Bank of Wheeler
Chemical State Savings B ank...............................
State Savings Bank..................................................
Keweenaw Savings Bank........................................
Farmers State B a n k .. . . » ......................................
M orley State Bank..................................................
Exchange Savings Bank.................. . . ..................
Peoples State Bank..................................................
Farmers State Bank................................................
First State Bank.......................................................
Citizens State Savings B a n k .----------. . . . . . . . .
Newberry State B ank.................... ....................
N ewport State Bank..................................... ..........
State Bank of Ortonville........................................
Oscoda State Savings Bank.............. ............ ..
Otisville State B a n k ........................ ......................
Oxford Savings B ank............................................ .
John W . Free State B a n k ....................................
Pentwater State B an k. ..........................................
Pinconning State B ank.................................... ..
Port Austin State Bank..........................................
State Bank of Port H op e.......................................
Maynard-Allen State B ank....................................
L eR oy State Bank. . .........................................
State Savings B ank..................................................
Riverdale State Savings B ank..............................
R ockford State B ank...............................................
Presque Isle Co. Savings Bank.............................
Farmers & Merchants State Bank.......................
First State Bank.......................................................
State Savings Ba n k . . . . . . . . . . . . . . . . . . . . . . . . .
South Range State Bank........................................

TABLE No. 30— Concluded

Name of Bank

S parta.............
Sparta.............
Springport___
St. Charles. . .
S tanton...........
Traverse City,
W ebberville..,
W estphalia. ..
W hite C lou d..
W hite Pigeon.
W illiamston. .
Zeeland...........

Basis of
Reorganization

50-50
60-40
50-50
50-50
40-60
50-50
60-40
50-50
50-50
60-40
50-50
60-40

Balance of
Certificates of
Participation at
12-31-39

Book Value
of Assets at
12-31-39

$126 ,366
69 ,157
75 ,999
202 ,158
81 ,927
645 ,795
5 ,925
54 ,427
66 ,784
37
79 ,320
447 ,592

67
10
43
36
36
87
83
34
95
28
90
52

$14,283,773 46

Totals

$84,048
51,673
33,539
208,877
54,506
281,971

95
45
34
69
35
65

22,259
54,141
1,853
35,360
327,272

60
24
44
00
89

Percentage
of Dividends
Paid on
Certificates of
Participation
35
62.5
70
30
45
70
100
70
50
98.15
80
50

Bills Payable
at
12-31-39

$1,550 98

$9,479,097 97

$27,904 48

Trusts which have been terminated:
First State Savings Bank........
Cass City State Bank.............. .
Pinney State B ank................... .
Eaton County Savings B a n k ..
Elkton State B ank.....................
Genesee County Savings Bank
H olt State B ank.........................
Peninsula Bank...........................
Kinde State Bank.......................
M oline State Bank.....................
First State Savings Bank..........
State Bank of W hitehall...........

B ron son ..,
Cass C ity .
Cass C ity .
Charlotte.
E lk to n .. . .
F lint..........
H olt...........
Ishpeming
K inde........
M o lin e .. . .
M o re n ci...
W hitehall.

60-40
50-50
50-50
60-40
60-40
50-50
60-40
65-35
60-40
70-30
60-40
50-50

Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed
Closed

12-15-38
12- 4-36
3-29-39
3-12-36
11-15-38
12- 1-38
5- 2-38
12-31-37
11-16-38
12-31-37
12-14-38
8- 1-38,

103.6
102.98
101.47
103.63
100
106.37
103.24
108.25
100
103.87
101.08
108.15

*

*AU certificates with balance of $200.00 or under, after payment of second dividend, were paid in full. Other creditors have entered into written agreement to form
Depositors Corporation.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

STATE BANKING DEPARTMENT

Peoples State Bank.........................
Sparta State B ank.....................................
Springport State Savings Bank..............
St. Charles State Bank.............................
State Savings B ank...................................
Traverse City State Bank.......................
Farmers State Bank..................................
Westphalia State B ank............................
First State Bank........................................
Farmers Savings Bank of W hite Pigeon
Williamston State Bank...........................
Zeeland State B ank...................................

Location


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Federal Reserve Bank of St. Louis

TABLE No. 31— List of Depositors Corporations created under the “ 54 Bank Plan” , by authority of Act 32, P. A. 1933

Name of Corporation

Location


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

50-50
40-60
50-50
40-60
40-60
45-55
50-50
40-60
40-60
40-60
40-60
50-50
40-60
40-60
40-60
50-50
40-60
50-50
50-50
40-60
40-60
40-60
40-60
40-60
40-60
60-40
50-50
45-55
45-55
40-60
40-60
40-60
40-60
50-50
40-60
40-60
40-60
50-50
50-50
45-55
40-60
40-60
50-50

Balance of
Certificates of
Indebtedness at
12-31-39

Book Value
of Assets at
12-31-39

$159,002
166,489
296,538
235,454
79,723
758,551
131,920
150,932
172,736
138,371
261,764
152,822
108,152
249,511
271,850
175,010
225,710
63,116
558,671
369,922
94,896
43,272
117,940
213,815
248,802
59,872
72,161
218,273
163,411
69,488
425,680
359,353
87,838
81,522
488,327
281,015
395,398
227,321
264,538
140,309
316,104
512,135
137,398

89
26
01
26
23
53
52
83
42
97
07
35
75
32
53
88
76
18
41
44
46
90
99
04
80
83
00
30
49
94
10
37
13
04
13
93
98
18
17
59
96
53
87

$92,969
135,806
187,882
165,411
86,966
354,458
74,868
102,340
144,812
146,006
259,618
55,881
132,342
205,312
224,490
116,669
163,466
35,216
425,721
387,798
87,674
56,404
99,481
131,241
185,155
66,616
53,396
182,298
130,698
201,274
348,381
247,959
66,624
64,220
808,303
343,205
418,837
110,154
129,426
103,031
186,283
480,966
80,580

84
63
64
15
99
58
27
39
18
28
09
94
96
01
50
54
35
67
34
57
45
39
47
83
00
77
77
16
98
96
18
20
00
19
52
21
88
18
06
05
67
31
15

Percentage
of Dividends
Paid on
Certificates of
Indebtedness
65
47
40
45
40
50
60
25
25
40
10
70
35
40
35
50
55
70
30
30
75
65
45
50
40
30
30
30
35
50
30
50
55
60
20
10
35
60
50
50
45
50
75

Bills Payable
at
12-31-39

$13,000 00
8,500 00

26,000 00

22,500 00
14,000 00
2,500 00

31,962 73

STATE BANKING DEPARTMENT

Albion Depositors Corporation............................. A lb ion ..........................
Allegan Depositors Corporation............................ A llegan........................
Belleville Depositors Corporation........................ Belleville.....................
Big Rapids Depositors Corporation..................... Big R ap id s.................
Bloomingdale Depositors C orporation................ Bloom ingdale.............
Cadillac State Depositors C orporation............... Cadillac.......................
Capac Depositors C orporation.............................. C ap ac...........................
Carleton Depositors Corporation......................... C arleton......................
Carsonville Depositors Corporation..................... Carsonville.................
Charlevoix Depositors C orporation..................... Charlevoix..................
Concord Depositors C orporation.......................... C oncord.......................
Dundee Depositors Corporation........................... D u n d ee........................
Elsie Depositors C orporation................................ E lsie.............................
Fraser Depositors Corporation.............................. Fraser..........................
Eaton Depositors C orporation.............................. Grand Ledge..............
Grand Ledge Depositors C orporation................. Grand Ledge..............
Greenville Depositors Corporation. . ................... Greenville...................
Harbor Beach Depositors C orporation............... Harbor Beach............
Holland City Depositors Corporation................. H olland.......................
Holly Depositors Corporation............................... H o lly ............................
Howell Depositors C orporation....................
H ow ell.........................
Farmers & Merchants Depositors C orp oration .. Lake Odessa...............
State Savings Depositors Corporation................ Lake Odessa...............
Orion Depositors Corporation............................... Lake O rion.................
Lapeer Depositors Corporation............................ Lapeer.........................
Litchfield State Depositors Corporation............. Litchfield.....................
Metamora Depositors C orporation...................... M etam ora...................
Milan Depositors C orporation.............................. M ilan...........................
New Boston Depositors C orporation................... New B oston...............
Niles Depositors C orporation................................ N iles.............................
Citizens Depositors Corporation.......................... Ow osso........................
Owosso Depositors C orporation............................ Ow osso........................
Paw Paw Depositors C orporation........................ Paw P aw .....................
Pigeon Depositors C o r p o r a t io n .......................... Pigeon.........................
Port Huron Depositors C orporation.................... Port H uron.................
Richmond Depositors C orporation...................... R ichm ond...................
Rom eo Depositors C o rp ora tion ........................... R om eo .........................
St. Louis Depositors Corporation......................... St. L ou is.....................
Saugatuck Depositors C orporation...................... Saugatuck...................
Scottville Depositors C orporation........................ Scottville.....................
Standish Depositors Corporation. . . ................... Standish......................
Traverse City Depositors C orporation............... Traverse C ity ............
Trenton Depositors C orporation.......................... Tren ton.......................

Basis of
Reorganization

Warren Depositors Corporation...........................
Yale Depositors Corporation................ ................
State Commercial Depositors Corporation........

W arren........................
Y a le ..............................
Zeeland........................

40-60
40-60
50-50

402,948 92
61,796 91
173,515 67

335,843 43
39,090 35
213,697 83

$10,383,394 84

$8,668,887 91

10
70
10

$118,462 73

Depositors’ Corporations which paid final
dividends:
East Lansing. . . . . . . .

$10,383,394 84

*Final dividend paid by termination loan from Reconstruction Finance Corporation.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$8,668,887 91

*

*
*
*

$118,462 73

R E PO R T OF TH E COM MISSIONER

109.45
64
109.28
108.4
108.806
46.8
43
76.5
106.8

50-50
45-55
50-50
50-50
50-50
50-50
50-50
40-60
40-60

TABLE No. 32— List of Segregated Trusts of Michigan State Banks re-organized under Act 8 of P. A. of 1932 and prior acts

Location

M onroe State Savings B ank..................................
M t. Clemens Savings B ank....................................

M on roe........................
M t. Clem ens..............

Basis of
Reorganization

60-40
40-60
70-30
40-60
75-25

Balance of
Certificates of
Participation at
12-31-39

Book Value
of Assets at
12-31-39

$269,233
225,872
261,362
1,865,980
335,467

57
11
14
26
53

$2,957,915 61

$259,505
188,316
65,288
1,356,168
334,231

44
77
58
92
61

Percentage
of Dividends
Paid on
Certificates of
Participation

42.5
(a)
35

$2,203,511 32

(a)
Paid in full except for six depositors who executed extension agreement for an additional period.
N O TE :— Fifty-seven banks were reorganized under A ct 8 of P. A. 1932 and prior acts. As at December 30, 1939, fifty-tw o trusts were terminated.


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Federal Reserve Bank of St. Louis

Bills Payable
at
12-31-39

$8,000 00
215,000 00

$223,000 00

STATE BANKING DEPARTMENT

Name of Bank

TABLE No. 33

REPORTS
OF THE

State Banks, Industrial Banks and
Trust Companies
AS M AD E TO THE COMMISSIONER OF THE STATE BANKING DEPAR TM EN T


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Federal Reserve Bank of St. Louis

DECEMBER 30, 1939


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

43

STATE BANKS OF M ICHIGAN
No. 325.

THE ADDISON STATE SAVINGS BANK, ADDISON.
Organized October 11, 1905.
F. B. C l e v e l a n d , P resid en t; H. E . B r a n c h , V ice P resid en t; J. E . H ic k o r y , Cashier.
D ir e c t o r s .— F. B. Cleveland, E . M. Rawson, H . E . Branch, L. M. Page, J. E. Hickory, F. D.
Jenkins.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $53.74
overdrafts) ---------------------------------------- $267,074.41
United States Government obligations,
8.927.00
direct and guaranteed------------------------Obligations of States and political sub­
11,826.00
divisions ________________ ____________
28,415.39
Other bonds, notes, and debentures----Cash, balances with other banks, includ­
ing reserve balances, and cash items in
50,013.57
process of collection________________ —
5,000.00
Bank premises o w n e d ------- --------------------2.281.00
Furniture and fixtures ---------------------------

T o t a l_______________________________

Demand deposits of individuals, partnerships, and corporations-----------------------Time deposits of individuals, partnerships, and corporations -------------------Deposits of States and political subdivisions ---------------------------------------------Deposits of banks ------------------------ ---------Other deposits (certified and officers’
checks, etc.) ____________

$60,478.01
234,132.07
36,720.68
6,000.00

150.72
-----------------Total deposits---------------------------------- 337,481.48
Capital accounts:
Common stock _____________
25,000.00
5,000.00
Surplus ______________________________
Undivided profits ------------------------------3,151.89
Reserves ----- 1-------------------------------------2,904.00

$373,537.37

T o t a l---------------------- ------------------------- $373,537.37

No. 162.

A D R IA N STATE SAVINGS BANK, AD RIAN .
Organized May 24, 1893.
F red E . P a r k , P resid en t; W . O. H u n t , V ice P resid en t ; H . A . M oore , C a sh ier; H . C. K in g ,
A ssistant C ash ier; E r n e s t E . T o b ia s , Secretary of Board.
D ir e c t o r s .— Fred E. Park, W . O. Hunt, Ernest E. Tobias, E. C. Michener, S. W . Raymond,
6 . E. Cutler, H. A. Moore.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $3.95
o v erd ra fts)__________________________ $322,108.98
United States Government obligations,
direct and guaranteed---------------------- — 128,840.63
Obligations of States and political sub­
divisions _____________________________
78,747.88
Other bonds, notes, anddebentures --------- 117,267.44
Corporate stocks (Including $3,050.00
Stock of Federal Reserve Bank) -------3,050.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection-------------- -------------- 334,491.22
Bank premises owned -------------------- — —
50,000.00
Furniture and fixtures --------------------------10,756.31
Other assets -----------------------------------------6,272.74

Demand deposits of individuals, partner­
ships, and corporations ---------$290,662.85
Time deposits of individuals, partner­
560,959.46
ships, and corporations _________
Deposits of States and political sub­
divisions ______________________
63,298.09
Deposits of banks ______________________
20,933.94
Other deposits (certified and officers’
checks, etc.) _________________________
2,997.12

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,051,535.20

Total deposits _____________________
Capital accounts:
Common stock -----------------Undivided profits ------------------------------Total

938,851.46
101,100.00
11,583.74
$1,051,535.20

44

STATE BANKING DEPARTM EN T
No. 89.
TH E COM MERCIAL SAYINGS BANK, AD RIAN.
Organized April 10, 1888.

C h a r l e s G. H a r t , Chairman o f the B o a rd ; P . J. D u n n , P resid en t; H . A . F e e , J o s e p h P.
L i b s , Vice P resid en ts; L. A. W a l k e r , C a sh ier; G. C. B ond , J o h n T. M cK e n d r y , G eorge J.
N e l s o n , A ssistant Cashiers.
D ir e c t o r s .— Charles G. Hart, Henry R. Jewett, W . H . Barrett, Joseph P. Libs, P. J. Dunn,
L.
W . Smith, A. A. Palmer, H. A. Fee, Edwin L. Baker.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $75.20
overdrafts) ---------------------------------------- $892,543.21
United States Government obligations,
direct and guaranteed _______________
535,557.61
Obligations of States and political suddivisions ---------------------------------------------- 503,992.10
Other bonds, notes, and debentures ____
183,498.96
Corporate stocks (Including $3,700.00
Stock of Federal Reserve Bank) _____
3,700.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
550,776.61
Bank premises owned _____________
55,000.00
Other assets ___________________________
177.75

Demand deposits of individuals, partnerships, and corporations ______________ $701,509.64
Time deposits of individuals, partner­
ships, and corporations _____________ 1,721,384.37
Deposits of States and political sub­
divisions --------------------------------------------132,891.20
Deposits of banks _____________________
3,115.39
Other deposits (certified and officers’
8,582.04
checks, etc.) ---------------------------------------

Total

Total deposits _____________________ 2,567,482.64
Other liabilities _______________________
3,967.20
Capital accounts:
110,000.00
Common stock ______________________
Surplus ____
22,000.00
Undivided profits ____________________
12,414.62
9,381.78
Reserves ---------------------------------------------

------- --------------------------------------- $2,725,246.24

Total

-------- --------------------------------------$2,725,246.24

No. 66.
LEN AW EE COUNTY SAVINGS BANK, ADRIAN .
Organized February 1, 1872.
A. W . R obb , President and Chairman o f the B oa rd ; F. W . P r e n t ic e , R. T. M orela n d , Vice
P resid en ts; R. P. W a t t s , C a sh ier; N. L. G r o e s c h o w , A ssistan t C a sh ier; E. F. M e y e r h u b e r , Auditor.
D ir e c t o r s .— W . B. Alexander, W . H. Burnham, W . M. Cornelius, Howard H. Heffron, K.
B. Hoch, R. T. Moreland, F. W . Prentice, A . W . Robb.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $13.58
overdrafts) ___________________________ $469,748.69
United States Government obligations,
direct and guaranteed
______________ 458,158.42
Obligations of States and political sub­
divisions _________
370,750.38
Other bonds, notes, anddebentures _ _ 1 0 0 , 5 7 6 . 0 3
Corporate stocks
(Including $4200.00
Stock of Federal Reserve Bank) ______
4,200.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
744,645.79
Bank premises o w n e d ____ _____________
46,500.00
Furniture and fixtures ________________
10,867.42
Other assets ________________________ ____
491.52

Demand deposits of individuals, partner­
ships, and corporations _____________ $631,589.76
Time deposits of individuals, partner­
ships, and corporations ______________ 1,238,664.92
Deposits of United States Government
(including postal savings) ___________
34,929.80
Deposits of States and political sub­
divisions -------------------------------115,301.62
Other deposits (certified and officers’
checks, etc.) _________________________
7,469.22

Total

______________________________ $2,205,938.25


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________ 2,027,955.32
Capital accounts:
Common stock ______________________
110,000.00
Surplus ______________________________
30,000.00
Undivided profits ____________________
13,248.68
Reserves _____________________________
24,734.25
Total

---------------------------------------------- $2,205,938.25

45

STATE BANKS OF MICHIGAN
No. 732.
THE AKRON STATE BANK, AKRON.
Organized December 8, 1926.

T. J. F r i t z , P resid en t; C a r so n E l l io t t , V ice P re s id en t; C. W . St a c y , C a sh ier; M o l l ie B.
S t a c y , A ssistant Cashier.
D ir e c t o r s .— T. J. Fritz, Ray T. Fritz, C. E. Morton, R. S. Streeter, Carson Elliott.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts (including $11.84
overdrafts) ___________________________ $139,860.59
United States Government obligations,
direct and guaranteed _______________
18,400.00
Other bonds, notes, and debentures —
1,200.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ________________
82,098.98
Bank premises owned _________________
3,400.00
900.00
Furniture and fixtures _________________

Total

______________________________

Demand deposits of individuals, partner­
ships, and corporations ---------------------Time deposits of individuals, partner­
ships, and corporations __ . -------------Deposits of United States Government
(including postal savings) ------------------Deposits of States and political sub­
divisions _____________________________
Total deposits - _____________________
Other liabilities -----------------------------------Capital accounts:
Common stock -----------------------------------Surplus ______________________________
Undivided p ro fits ------------ -------------------Total

$245,859.57

______________________________

$51,599.29
142,042.00
157.00
20,416.94
214,215.23
750.00
25,000.00
5,250.00
644.34
$245,859.57

No. 167.
THE COM MERCIAL & SAYINGS BANK OF ALBION, ALBION.
Organized May 2, 1893.
H o m e r C. B l a ir , P resid en t; E. C. B ie w e n d , V ice P resid en t; H . C. F o x , C ash ier; C h a r l e s
S. L oud , H o w a r d M e s s i c k , A ssistant Cashiers.
D ir e c t o r s .— Homer C. Blair, E. C. Biewend, Irene Austin, Elizabeth Blair Bedient, Alvin
Dice, W illiam Harton, Mary Marsh, Paul Nagle, W . R. Noyes, A. H . Tuchtenhagen.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $72.69
overdrafts) ___________________________ $404,560.06
United States Government obligations,
direct and guaranteed
-------------------166,734.98
Obligations of States and political sub­
divisions ____________________________
271,974.26
Other bonds, notes, anddebentures —
119,503.11
Corporate stocks
(Including $3700.00
Stock of Federal Reserve Bank) -------3,700.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
352,307.58
Bank premises o w n e d ---------------------------16,000.00
Other assets ___________________________
585.66

Demand deposits of individuals, partner­
ships, and corporations _____________ $515,681.58
Time deposits of individuals, partner­
ships, and corporations ___________
588,229.82
Deposits of States and political sub­
divisions -------------------------------85,679.63
Other deposits (certified and officers’
checks, etc.) _________________________
3,352.97

Total

______________________________ $1,335,365.65


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits______________
1,192,944.00
Other liabilities ________________________
4,004.47
Capital accounts:
Common stock ______________________
100,000.00
Surplus _____________________________
24,000.00
Undivided p ro fits--------------------------------9,417.18
Reserves _____________________________
5,000.00
Total

______________________________ $1,335,365.65

46

STATE BANKING D EPARTM ENT
No. 498.
TH E ALGONAC SAYINGS BANK, ALGONAO.
Organized April 13, 1912.

C. R. C h a m p io n , P resid en t; W . E. F o l s o m , Vice P resident and C ash ierj F r a n c e s S t e w a r t ,

A ssistant Cashier.
D ir e c t o r s .— C. R. Champion, W . E. Folsom, E. B. Galton, Charles Gilbert, Charles Worthy,
W . E. Bostwick.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $131,088.83
United States Government obligations,
direct and guaranteed _______________
136,985.37
Obligations of States and political sub­
divisions --------------------------------------86,021.39
Other bonds, notes, and debentures___
25,260.00
Corporate
stocks
(Including
$900.00
Stock of Federal Reserve Bank) ____
900.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
160,107.77
Bank premises owned __________________
12,000.00

Demand deposits of individuals, partner$126,585.55
ships, and corporations ___________
Time deposits of individuals, partner­
ships, and corporations ______________
308,111.74
Deposits of States and political sub­
divisions __ _____— _— -------------- ------70,686.51
Other deposits (certified and officers’
4,702.52
checks, etc.) --------------------------Total deposits---------------------------------Capital accounts:
Common stock ______________________
Surplus -------------------------------Undivided profits ____________________
Reserves ----------------------------------------------

510,086.32

T o t a l------------------------------------------ -----

$552,363.36

T o t a l------------------------------------------------ $552,363.36

27,500.00
2,500.00
9,388.13
2,888.91

Nr* 314.
ALLEGAN STATE BANK, ALLEGAN.
Organized May 24, 1905.
E. W . D e L an o , P resid en t ; C. F. P e c k , A. W . H a r t y , E. W . S t o n e , Vice P resid en ts ; H. E.
V a u p e l l , C ash ier; A. Z. H u r t e a u , A ssistant Cashier.
Dj

G. C. Cook, E. W . DeLano, E. T. Horan, Leon Kolvoord, Fred McOmber
Perrigo, C. F. Peck, E. W . Stone, H. E. Vaupell, Frank Weber, S. J. W ise.

ectors.

Ray

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $22.70
overdrafts) ___________________________ $603,433.06
United States Government obligations,
direct and guaranteed________________
372,883.28
Obligations of States and political sub­
divisions __________________________
76,008.88
Other bonds, notes, and debentures
124,457.40
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
347,345.34
Bank premises owned _________________ I
16,000.00
Furniture and fixtures _________________
14,400.00

Demand deposits of individuals, partner­
ships, and corporations _____________ $532,491.50
Time deposits of individuals, partner­
ships, and corporations ______________
749,873.91
Deposits of United States Government
(including postal savings) ___________
2,154.67
Deposits of States and political sub­
divisions --------------------------------------------150,578.03
Other deposits (certified and officers’
checks, etc.) --------------------------------------4,969.33

Total

---------------- -------------------------------$1,554,527.96


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________ _ 1,440,067.44
Other liabilities ________________________ ’ 7’54i[g7
Capital accounts:
Common stock -----------------------------------80,000.00
Undivided profits ________________ ___
g3 300 77
Reserves --------------------------------------------3!617’88
Total

---------------- ------------------------------$1,554,527.96

47

STATE BANKS OF M ICHIGAN
No. 487.
TH E ALLEN STATE SAYINGS BANK, ALLEN.
Organized March 7, 1911.

B. W . B r o c k w a y , Chairman of the Board and P resid en t ; H a r l o w V a n P a t t e n , V ice P resid en t;
H a t t ie M. B r o c k w a y , Cashier.
D ir e c t o r s .— B. W . Brockway, Harlow VanPatten, Bert Kemp, Charles Miller, Barnard Howard.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts (including $16.68
overdrafts) ___________________________
United States Government obligations,
direct and guaranteed ---------------------Obligations of States and political sub­
divisions __
Other bonds, notes, and debentures —
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
Bank premises ow n e d -----------Furniture and fixtures---------------------------Real estate owned other than bank
premises _____________________________

Total

___________ __________________

$87,337.07
20,800.00
5,000.00
1,140.00
36,446.47
3,500.00
500.00
200.00

Demand deposits of individuals, partner­
ships, and corporations --------------------Time deposits of individuals, partner­
ships, and corporations _____________
Deposits of United States Government
(including postal savings) --------Deposits of States and political sub­
divisions _____________________________

$27,579.98
93,130.57
249.77
7,132.76

Total deposits __________________ —
128,093.08
Other liabilities __________ ________ ,-------175.00
Capital accounts:
First preferred stock__________________
10,000.00
Common stock -----------------------------------10,000.00
4,415.46
Undivided profits ----------------------------------Reserves _______________________________
2,240.00
Total

$154,923.54

______________________________

$154,923.54

No. 232.
THE ALM A STATE SAVINGS BANK, ALMA.
Organized April 21, 1901.
C h a s . L. H i c k s , P resid en t ; J a m e s E. M i t c h e l l , J o s e p h B a t t l e s , V ice P resid en ts; H . A.
qjjrxsxensen , Cashier ; N o r m a n P . G e l l e r , A ssistant Cashier ; C a r o l in e L . H a l l , A uditor

and A ssistant Cashier.
D ir e c t o r s .— James E. Mitchell, Mary C. Bahlke, Eva I. Glass, Joseph Battles, Charles L.
Hicks, Clyde O. Decker, Dan McGuaig, H. A. Christensen, Caroline L. Hall.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $58.05
overdrafts) ____________________
$144,006.40
United States Government obligations,
direct and guaranteed ---------------------110,525.00
Obligations of States and political sub­
divisions ---------44,859.62
Other bonds, notes, and debentures ----111,050.88
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_______________ —
250,792.27
Bank premises ow n e d ---------------------------37,000.00
Furniture and fixtures --------------------------4,000.00
Real estate owned other than bank
premises ____________________________
16,061.88
Other assets — r---------- ------------------------ 53.71

Demand deposits of individuals, partner- „
ships, and corporations_______________ $256,298.57
Time deposits of individuals, partner­
ships and corporations -------.-------------240,622.89
Deposits of United States Government
(including postalsavings) ------------------6,000.00
Deposits of States and political sub­
divisions _____________________
92,380.07
Other deposits (certified and officers’
checks, etc.) --------------------------------------7,857.86

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$718,349.76

Total deposits______________________
Capital accounts:
First preferred s t o c k -----------— ---------Common stock -----------------------------------Undivided p ro fits_____________________
Reserves _____________________________
Total

______________________________

602,159.39
50,000.00
50,000.00
11,676.88
4,513.49
$718,349.76

48

STATE BANKING DEPARTM EN T
No. 233.
TH E F IR S T STATE BANK OF ALMA, ALMA.
Organized June 9, 1901.

C h a r l e s H. G o gg in , P resid en t ; C h a s . O. W ar d , M a r l ie S l in g l u f f , Vice P resid en ts; W m .
M c F adden , Cashier ; C. N. C u m m i n g s , C l a r e n c e F. B l a n c k , A ssistant C ash iers; L a w r e n c e
H. S h o r t , F r a n k O. P a r k e r , Tellers.
D ir e c t o r s .— Marlie Slingluff, Charles H . Goggin, G. V. Niles, W illiam McFadden, Frank O.
Parker, Fred Bradford, K . B. Montigel, Chas. F. DuBois, Charles O. Ward.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $155.33
overdrafts) ------------------------------------------ $681,243.90
United States Government obligations,
direct and guaranteed________ :_______
182,506.66
Obligations of States and political sub­
divisions -------------- .------------------------------ 207,034.15
Other bonds, notes, and debentures ____
76,034.82
Corporate s to c k s ___ ___________________
1.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
266,109.01
Bank premises owned __________________
25^000.00
Furniture and fixtures _________________
5^000.00
Real estate owned other than bank
premises --------------------------------------------3,500.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $435,935.27
Time deposits of individuals, partner­
ships, and corporations _____________
700,321.51
Deposits of States and political sub­
divisions -------_-----------------------------------98,701.65
Other deposits (certified and officers’
checks, etc.) _____________ ____________
n 977.84
Total deposits ---------------------------------- 1,246,936.27
Other liabilities ________________________
5,000.00
Capital accounts:
Common stock -----------------------------------100,000.00
52,000.00
Surplus _--------------------------------------------Undivided profits _____________________
37,493.27
Reserves -----------------------5,000.00

T o t a l------------------------------------------------$1,446,429.54

T o t a l------------------------------------------------ $1,446,429.54

No. 437.
TH E ALMONT SAVINGS BANK, ALMONT.
Organized April 27, 1909.
J a m e s M i t c h e l l , P resid en t; A l l e n M u ir , Vice P resident ; L . A. B e c h t o l , C ash ier; M a r jo r ie
F r e n c h , A ssistant Cashier.
D ir e c t o r s .— George D. Hart, James Mitchell, Allen Muir, Harry A . McCormick, L. A. Bechtol,
W . Boss Lawrence, E. W . Stewart

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $51.23
overdrafts) — — -------___--------------------- $208,501.64
United States Government obligations,
direct and guaranteed ______________
19,000.00
Obligations of States and political sub­
divisions ---------------------------51,437.95
Other bonds, notes, and debentures____
7,794.22
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
88,861.54
Bank premises owned __________________
3,000.00
Furniture and fixtures _________________
1.00

Demand deposits of individuals, partner­
ships, and corporations _____________ $118,626.83
Time deposits of individuals, partner­
ships, and corporations ______________
201,104.87
Deposits of United States Government
(including postal savings) __________ __
457.03
Deposits of States and political sub­
divisions _____________________________
i 9 712 32
Other deposits (certified and officers’
checks, etc.) -------1-----------------------------3,408.33

Total

----------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$378,596.35

Total deposits ---------------------------------Capital accounts:
Common stock ____________________
Surplus ----------------------------------------------Undivided profits ____________________
Total

------------------- -------------- -----------

343,309.38
25,000.00
10,000.00
286.97
$378,596.35

STATE BANKS OF M ICHIGAN

49

No. 169.
ALPEN A SAYINGS BANK, ALPENA.
Organized December 26, 1893.
H ar old G. H u d so n , Chairman o f the Board and P resid en t; D. D. H a n ov er , C. P. H a r r is ,
Vice P resid en tsj J. E . L a L onde , C a sh ier; A r c h ie S t o u t , M il t o n O. C l a r k , D. H . M a r k ­
h a m , R o ber t P . K o t w i c k i , A ssistant C a sh iers; G u y E a to n , Trust Officer.
D ir e c t o r s .— Daniel D. Hanover, Robert Polzin, John E . Richards, Alonzo B. Green, W . A.
Blackburn, Clinton P. Harris, Carl R. Henry, H. G. Hudson.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $23.68
overdrafts) ________________________ _____ $803,656.65
United States Government obligations,
direct and guaranteed________________
807,393.49
Obligations of States and political sub­
667,620.06
divisions _________________________.___
Other bonds, notes, and debentures____
294,484.06
Corporate stocks
(Including
$9000.00
Stock of Federal Reserve Bank) _____
9,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
671,271.76
Bank premises owned __________________
40,930.00
Furniture and fixtures _________________
4,831.71
Other assets____________________________
188.15

Demand deposits of individuals, partner­
ships, and corporations ______________ $696,832.39
Time deposits of individuals, partner­
ships, and ' corporations ______________ 2,024,226.33
Deposits of United States Government
(including postal savings) ___________
61,198.61
Deposits of States and political sub­
137,531.97
divisions _____________________________
Deposits of b a n k s __________________________ 42,814.80
Other deposits (certified and officers’
checks, etc.) ________________________
4,874.69

Total _____________ _________________ $3,299,375.88

T o t a l_______________________________ $3,299,375.88

Total deposits ______________________ $2,967,478.79
Other liabilities _____________
6,614.68
Capital accounts:
Common stock _______________________
200,000.00
Surplus ______________________________
100,000.00
Undivided p ro fits_____________________
25,282.41

No. 688.
THE PEOPLES STATE BANK OF ALPENA, ALPENA.
Organized March 22, 1922.
R. W . P ie p k o r n , P resid en t; E. W . L e a v it t , E xecu tive V ice P resid en t; W . E. W i l l i a m s , Vice
P resid en t; C. M. E. L u n d q u is t , C ash ier; K . W . S c h o o n , A ssistant Cashier.
D ir e c t o r s .— R. W . Piepkorn, W . E. W illiam s, C. F. Steele, E. W . Leavitt, C. M. E. Lundquist,
W . H . Schoon, J. D. Bingham, J. F. Berg, Robert R. Scott, Robert T . Haltiner.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $380,262.81
United States Government obligations,
direct and guaranteed________________
332,448.31
Obligations of States and political sub­
divisions ________
196,885.45
Other bonds, notes, and debentures____
403,014.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
571,511.96
Bank premises ow n e d _________
37,374.34
Furniture and fixtures _________________
9,814.79
Real estate owned other than bank
premises _____________________________
5,213.70
Other assets ___________________________
9,012.35

Demand deposits of individuals, partner­
ships, and corporations ______________ $359,259.70
Time deposits of individuals, partner­
ships, and corporations ______________ 1,240,407.81
Deposits of States and political sub­
divisions --------------------------------------------143,760.81
Deposits of banks ______________________
2,499.79
Other deposits (certified and officers’
checks, etc.) _________________________
4,554.69

Total

---------------------------------------------- $1,945,537.71


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________ 1,750,482.80
Capital accounts:
First preferred stock _________________
99,500.00
Second preferred stock _______________
25,000.00
Common stock _______________________
50,000.00
Surplus ______________________________
500.00
Undivided p ro fits _____________________
10,975.91
Reserves _____________________________
9,079.00
Total

---------------------------------------------- $1,945,537.71

50

STATE BANKING DEPARTM EN T
No. 302.
THE FARM ERS STATE BAN K OF ALTO, ALTO, M ICHIGAN.
Organized October 18, 1904.

J o h n G. L iv in g s t o n , P re s id en t; J o h n B. R o c k e f e l l o w , V ice P re s id en t; N ic k P i t s c h , 2nd
Vice P resid en t; E a r l V . C o l b y , Cashier.
D ir e c t o r s .— John G. Livingston, Earl V. Colby, John E. Rockefellow, Nicholas Pitsch, Leon
T. Anderson.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________
United States Government obligations,
direct and guaranteed_______
Obligations of States and political sub­
divisions _____________________________
Other bonds, notes, and debentures___
Corporate stocks (Including $750.00 Stock
of Federal Reserve Bank) ___________
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
Bank premises owned __________________
Furniture and fixtu res____ _____________
Other assets ___________________________

Total

$71,835.83
76,512.01
12,630.20
31,619.85
750.00
66,071.08
1,200.00
406.00
21.39

Demand deposits of individuals, partner­
ships, and corporations_______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of United States Government
(including postal savings) ___________
Deposits of States and political sub­
divisions ...- *--------------------------------------Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits______________________
Other liabilities ___________
Capital accounts:
Common stock _______________________
Undivided p ro fits_____________________

----------------------------------------------- $261,046.36

Total

----------------------------------------------

$92,137.69
120,957.65
2,338.28
17,160.38
1,193.46
233,787.46
155.62
25,000.00
2,103.28
$261,046.36

No. 796.
ANN AR BO R SAVINGS & COM MERCIAL BANK, ANN ARBOR.
Organized February 14, 1936.
One Branch.
R. E. R e ic h e r t , P re s id en t; M. C. T a y l o r , E xecu tive V ice P resid en t; W m . L . W a l z , R . F .
G a u s s , V ice P resid en ts; F . T . S t o w e , Vice P resident and C a sh ier; C. A . M a u l b e t s c h ,
N o r m a n O. O t t m a r , G eo . J. G e is e l , B . E. P r y e r , R a l p h L u t z , J o h n R . M e a d o w s , A ssistant
C ash iers; I. H . R e im e r , Auditor.
D ir e c t o r s .— John Airey, Junius E. Beal, Fred E. Benz, Geo. J. Burke, O. A. Eberbach, John
C. Fritz, A. C. Furstenberg, Lewis M. Gram, R. E. Reichert, Shirley W . Smith, M. Ç. Taylor,
W illiam L. W alz.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $346.52
overdrafts) ---------------- — ____ ,_________ $5,450,302.55
United States Government obligations,
direct and guaranteed ________________ 3,560,718.58
Obligations of States and political sub­
divisions _____________________________ 1,409,272.74
Other bonds, notes, and debentures_____
746,145.64
Corporate stocks (Including $35,450.00
35,450.00
Stock of Federal Reserve B a n k )______
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________ 4,720,004.09
Bank premises owned ________________
232,342.83
Furniture and fixtures _________________
54,593.78
Other assets ______________________ .___ _
680.67

Demand deposits of individuals, partner­
ships, and corporations_______________ $5,140,448.69
Time deposits of individuals, partner­
ships, and corporations_______________ 6,734,433.03
Deposits of United States Government
(including postal savings) ____________
438,860.00
Deposits of States and political sub­
divisions ____________ ________________ 1,005,735.69
Deposits of banks ______________________ 1,582,585.58
Other deposits (certified and officers’
checks, etc.) _________________________
87,134.72

Total

---------------------------------------------$16,209,510.88


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits _______________________ $14,989,197.71
Other liabilities ________________________
24,981.99
Capital accounts:
First preferred s t o c k _________________
560,000.00
Common stock ________ _______________
150,000.00
Surplus __L----------------------------------------471,000.00
Undivided p ro fits _____________________
5,581.18
Reserves _____
8,750.00
Total

--------------------------------------------$16,209,510.88

51

STATE BANKS OF MICHIGAN
ANN AR BO R TRU ST COMPANY OF ANN ARBOR, M ICHIGAN.
Organized April 20, 1925.

L e w i s M. G r a m , P resid en t; E a r l H . C r e s s , E xecu tive Vice P resid en t; H o m e r L . H e a t h ,
S ecreta ry ; R u s s e l l P r y c e , A ssistant S ecreta ry; J o h n C. F r i t z , Treasurer; L ou is C.
A n d r e w s , A l b e r t J. P a r k e r , H ar r y E. F o s t e r , A ssistant V ice P resid en ts; L. A. T a p p e ,

A ssistant Treasurer.
D ir e c t o r .-—Lewis M. Gram, Earl H. Cress, Homer L. Heath, George J. Burke, John C. Fritz,
Dr. A . C. Furstenberg, R. N. Frisinger, Roscoe Bonisteel.

Statement December 30, 1939.
ASSETS

LIABILITIES

Loans ___________
$158,547.39
Advances to trusts ________ :----------------19,124.26
Accounts receivable __ ---------------------- —
603.70
Other bonds, stocks, and securities ------19,214.94
Cash, and balances with designated de­
positaries, fiduciary funds ___________ 4,998,871.50
Cash, and balances with other deposi­
taries, company fu n d s -- --------------------61,193.54
Banking house ______________
13,816.64
Furniture and fixtures ______
7,136.31
Accrued interest receivable ____________
860.54
Other assets ___________________________
414.53

Fiduciary funds ________________________ $4,998,871.50
Interest, taxes, and other expenses ac­
crued and unpaid --------1,512.39
Capital account:
Common s t o c k ___ ___________________
155,300.00
Surplus ______________________________
75,000.00
Undivided profits ____________________
49,099.46

Total

_______

Total, including capital account — $5,279,783.35

$5,279,783.35

No. 144.
STATE SAYINGS BANK OF ANN ARBOR, ANN ARBOR.
Organized September 5, 1892.
D r . H . A . H a y n e s , P resid en t; G eo . J. M a n n , R. A . B e a l , A l f r e d F. S t a e b , Vice P resid en ts;
H . F. G r o s s , E xecu tive V ice P resid en t; F. M C r a n d a l l , C ash ier; D. P. M c A u l if f e , A . K.
S c h m id t , A ssistan t C ash iers; R . S. N ie l s e n , Trust Officer.
D ir e c t o r s .— W m . Arnold, Jr., F. B. DeVine, John M. Feiner, H . F. Gross, H . A. Haynes,
Charles J. Hutzel, Paul A. Leidy, C. W . Lighthall, Geo. J. Mann, R. G. Rodkey, Edw. W .
Staebler, Chas. W . Wagner, Alfred G. Walker.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $33.64
overdrafts) ___________________________ $3,185,690.52
United States Government obligations,
direct and guaranteed--------- .--------------- 1,462,500.00
Obligations of States and political sub­
divisions ______________
2,333,785.00
Other bonds, notes, anddebentures -------927,861.25
Corporate stocks (Including $24000.00
Stock of Federal Reserve Bank) ---------24,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection------------------------ — 1,933,236.31
Bank premises owned __________________
224,584.61
Furniture and fixtures --------------------------32,182.98
Real estate owned other than bank
prem ises______________________________
65,489.34
Customers’ liability to this bank on ac­
ceptances outstanding
----------------------2,500.00
Trust Dept, cash and duefrom banks —
47,996.82

Demand deposits of individuals, partner­
ships, and corporations ______________ $2,719,754.86
Time deposits of individuals, partner­
ships, and corporations ______________ 5,253,088.59
Deposits of United States Government
(including postal savings) ____________
300,000.00
Deposits of States and political sub­
divisions _____
507,032.00
Deposits of banks ______________________
465,055.39
Other deposits (certified and officers’
49,892.36
checks, etc.) ______ I__________________

Total

_____________________________ $10,239,826.83


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________ 9,294,823.20
Acceptances executed and outstanding —
2,500.00
Trust Deposits _________________________
47,996.82
Other liabilities ________________________
20,000.00
Capital accounts:
Common stock _______________________
500,000.00
Surplus ______________________________
300,000.00
Undivided profits ____________________
74,506.81
Total

_____________________________ $10,239,826.83

52

STATE BANKING DEPARTM EN T
No. 468.
THE AR M A D A STATE BANK, ARM ADA.
Organized November 10, 1910.

O r v e y H u l e t t , P resid en t ;

A l l e n B. B o w e r , V ice P resid en t ; J a m e s
C a r l A . P l a u m a n , A ssistant Cashier.

E.

N eely,

C ashier;

D ir e c t o r s .-— Orvey Hulett, E. E. Rogers, James E. Neely, Allen B. Bower, Floyd S. Finch.

Statement December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (Including $13.72
overdrafts) __________________________ $181,493.74
United States Government obligations,
123,590.63
direct and guaranteed _______________
Obligations of States and political sub­
divisions __________
55,999.06
Other bonds, notes, and debentures____
47,430.00
Corporate stocks (Including $1,050.00
Stock of Federal Reserve Bank) _____
1,050.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection____ _ ____________
197,190.24
Bank premises ow n ed ___________________
5,000.00
Furniture and fixtures__________________
1,000.00
Other assets____________________________
95.00
Total

______________________________

Demand deposits of individuals, partner­
ships, and corporations_____________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) ________________________
Total deposits______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________

$612,848.67

Total

____ : ________________________

$96,357.92
372,959.30
96,943.77
5,253.03
571,514.02
25,000.00
12,500.00
3,834.65
$612,848.67

No. 582.
THE F IR S T STATE BANK OF ASHLEY, ASHLEY.
.
A.

Organized January 28, 1916.

G. A ld r id g e , P resident and Chairman o f the B o a rd ; G eorge R eeb , V ice P re s id en t; G. A.
L e w i s , C a sh ier; D o r is C h u r c h i l l , A ssistant Cashier.
D ir e c t o r s .— A . G. Aldridge, G. A . Lewis, B. A . Geyer, J. E . Carr, George Reeb.

Statement December 30, 1939.
ASSETS
Loans and discounts____________
United States Government obligations,
direct and guaranteed________________
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
Bank premises ow n e d __________________
Furniture and fixtures _________________

LIABILITIES AND CAPITAL ACCOUNTS
$64,280.79
45,700.00
37,921.39
68,617.33
5,500.00
1,366.00

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations__________ :___
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) ______________
Total deposits ______________________
Capital accounts:
Common stock _______________________
Undivided p ro fits _____________________

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$223,385.51

Total

______________________________

$64,362.37
94,903.85
26,352.45
7,361.30
192,979.97
25,000.00
5,405.54
$223,385.51

53

STATE BANKS OF MICHIGAN
No. 418.
TH E PEOPLES STATE SAYINGS BANK, AUBURN.
Organized January 6, 1909.
Jam bs

B.

S u l l iv a n , P re s id en t; I ra E. L o ose , Vice P re s id en t; R e x
H arold C. T a g la u e r , A ssistant Cashier.

A.

S n id e r ,

C ashier;

D ir e c t o r s .— Fred Endline, T. H . Hemingway, Ira E. Loose, James B. Sullivan, Rex A. Snider.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $294,030.12
United States Government obligations,
19,953.13
direct and guaranteed________________
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
127,770.46
Bank premises ow n ed ___________________
1,200.00
Furniture and fixtures _________________
284.66
Other assets ___________________________
25.93

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits _____________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits - ____________________

Total

______________________________

$443,264.30

Total

$59,843.76
299,433.07
30,488.51
3,435.82
393,201.16
5,436.91
25,000.00
19,000.00
626.23

----------------------------------------------- $443,264.30

No. 522.
TH E AU GRES STATE BANK, AU GRES.
Organized December 4, 1912.
H ar old C. N ogglb , President and Chairman o f the B oa rd ; E d w in W . S i m s , J r ., C h a r l e s H.
J e n n in g s , J o h n C. A d a m s , V ice P resid en ts; T h e o E. R e ic h l e , Cashier.
D ir e c t o r s .— Harold C. Noggle, Theo E. Reichle, Edwin W . Sims, Edwin W . Sims, Jr., Charles
H.
Jennings, Henry Selle, John Adams.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $53.16
overdrafts) ___________________________ $138,797.85
United States Government obligations,
direct and guaranteed________________
63,229.56
Obligations of States and political sub­
divisions _____________________________
22,312.40
Other bonds, notes, and debentures____
50,229.24
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
129,691.70
Bank premises owned __________________
3,800.00
Furniture and fixtures ______________ !—
1,300.00
Other assets ___________________________
103.76

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$409,464.51

Demand deposits of individuals, partner­
ships, and corporations__________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits______________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________
Reserves _____________________________
Total

______________________________

$89,801.80
235,126.97
38,617.75
100.00
363,646.52
20,000.00
20,000.00
1,000.00
3,317.99
1,500.00
$409,464.51

54

STATE BANK ING D EPARTM EN T
No. 420.
THE STATE BAN K OF AUGUSTA, AUGUSTA.
Organized February 8, 1909.

E.

M. C a d w a l l a d e r , President and Chairman o f the B oa rd ; E. L . Herts l e y , Vice P resid en t;
P a u l D il l o n , C ash ier; G a i l M c D o n a ld , A ssistant Cashier.

D ir e c t o r s .— E. L. Hursley, Floyd Terpening, E. M. Cadwallader, H . H . Wertman, Homer
Van Luke.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $1.70
overdrafts) ___________________________ $250,885.66
United States Government obligations,
15,000.00
direct and guaranteed_________________
Obligations of States and political sub­
divisions _____________________________
140.00
10,855.00
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
124,808.43
Bank premises owned __________________
3,150.00
2,350.00
Furniture and fixtures ________
Real estate owned other than bank
prem ises____ _________________________
8,562.82

Total

Demand deposits of individuals, partner­
ships, and corporations_______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of United States Government
(including postal savings) ___________
Deposits of States and political sub­
divisions _____________________________
Deposits of banks ______________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits
_________
Other liabilities ________________________
Capital accounts:
First preferred stock ________________
Second preferred stock _______________
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________
Reserves ____________________________

----------------------------------------------- $415,751.91

Total

----------------------------------------------

$90,350.38
221,134.39
50.00
38,537.82
15,000.00
3,224.35
368,296.94
3,687.90
10,000.00
10,000.00
10,000.00
4,000.00
6,267.07
3,500.00
$415,751.91

No. 236.
H U B BARD STATE BANK, BAD A X E .
Organized June 30, 1901.
Branch Bank in Ubly, Michigan.
F r a n k W . H u bbard , Chairman o f the B o a rd ; J o s e p h N. R a n k i n , P re s id en t; J a m e s L.
B u r g e s s , V ice P resid en t; O sc a r R o ge r s , V ice P resident and C a sh ier; H . B. A l e x a n d e r ,
T ed H . S c h u b e l , A ss’ t C ash iers; Jos. R . H a r r is , Auditor.
D ir e c t o r s .— Frank W . Hubbard, Joseph N. Rankin, F. Langdon Hubbard, James L. Burgess,
Oscar Rogers, F. H . Brown.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $212.20
overdrafts) _______________________
$746,419.92
United States Government obligations,
direct and guaranteed ________________
136,137.00
Obligations of States and political sub­
divisions _________________
97,087.38
Other bonds, notes, and debentures___
109,497.05
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
327,392.05
Bank premises owned ______________
19,110.00
Furniture and fixtures _________________
3,310.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $561,910.04
Time deposits of individuals, partner­
ships, and corporations ______________
602,082.66
Deposits of States and political sub­
divisions ------------------------------------------ __ 111,339.86
Deposits of banks _______________
5,000.00
Other deposits (certified and officers’
checks, etc.) _________________________
11,919.37

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,438,953.40

Total deposits ______________________ 1,292,251.93
Capital accounts:
Common stock _______________________
100,000.00
Surplus ----------------------------------------------30,000.00
Undivided profits ____________________
16,701.47
Total

$1,438,953.40

55

STATE BANKS OF MICHIGAN
No. 757.
LAK E COUNTY STATE BANK, BALDW IN .
Organized August 27, 1928.
r

. J. S m i t h , P resid en t; H . W . M a c P h a i l , Vice P resid en t; H. J. H o l l is t e r , C a sh ier; A. L.
B radford , J. I. F o st e r , A ssistant Cashiers.

D ir e c t o r s .— R. J. Smith, H . J. Hollister, R. J. Bradford, Ray Trucks, H. W . MacPhail.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts (including $684.54
overdrafts) ---------------------------------------- $314,272.27
United States Government obligations,
direct and guaranteed------------106,420.32
Obligations of States and political sub­
17,601.80
divisions _________ v___________________
Other bonds, notes, and debentures----2,685.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________ .
65,260.32
Bank premises owned __________________
5,800.00
Furniture and fixtures -----------2,500.00
Real estate owned other than bank
7,199.11
premises _____________________________

Total

__ - __________________________

Demand deposits of individuals, partner­
ships, and corporations-----------------------Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions --------------------------------------------Deposits of banks ____________
Other deposits (certified and officers’
checks, e t c .) ________________________ —
Total deposits ______________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________
Reserves _____________________________
Total

$521,738.82

______________________________

$75,896.90
320,060.87
47,777.48
11,591.52
3,154.64
458,481.41
9,000.00
20,000.00
15,000.00
18,507.41
750.00
$521,738.82

No. 62.
TH E W EST M ICHIGAN SAYINGS BANK, BANGOR.
Organized January 12, 1881.
C h a r l e s E . C r o s s , P resid en t; F r a n k A. B u rger , R e b ecc a F a u s n a u g h , V ice P resid en ts;
O r r in N. C r o s s , C ash ier; E a r l J. L o vela n d , A ssistan t Cashier.
D ir e c t o r s .__ W illiam L. Hamilton, Charles E . Cross, Rebecca Fausnaugh, Frank A. Burger,
Harry T . Bigelow, Orrin N. Cross, Harry L. Wieland, Herbert A . Wood.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $178.36
overdrafts) __________________________ $351,350.92
United States Government obligations,
direct and guaranteed------------------------249,500.00
Obligations of States and political sub­
divisions _____________________________
156,556.41
Other bonds, notes, and debentures - —
88,115.03
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
245,922.36
Bank premises owned ---------------------------11,000.00
Furniture and fixtures --------------------------500.00
Real estate owned other than bank
premises _____________________________
20,216.25
Other assets ___________________________
4,867.60

Demand deposits of individuals, partner­
ships, and corporations------------------------ $334,876.04
Time deposits of individuals, partner­
ships, and corporations ________ ._____
588,887.05
Deposits of United States Government
(including postalsavings) --------------------5,500.00
Deposits of States and political sub­
divisions _____________________________
66,427.31
Other deposits (certified and officers’
checks, etc.) _________________________
590.70

Total

______________________________ $1,128,028.57


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits______________________
Other liabilities _____ ______ i------------------Capital accounts:
First preferred stock _________________
Common stock -----------------------------------Surplus ______________________________
Undivided p ro fits--------------------------------Reserves _____________________________
Total

996,281.10
1,257.60
15,000.00
80,000.00
20,000.00
14,489.87
1,000.00

______________________________ $1,128,028.57

56

STATE BANK ING D EPARTM EN T
No. 458.
TH E B A R K R IV E R STATE BANK, B A R K R IV ER.
Organized August 13, 1910.

Jos. H . B o y l e , P re s id en t; B e n j . E. D o u g l a s , Vice P re s id en t; E. J. B e r g m a n ,
P. L. B e r g m a n , W m . H. B o y l e , A ssistant Cashiers.

C ash ier;

D ir e c t o r s .— Jos. H. Boyle, E. J. Bergman, Benj. E. Douglas, B. R. Erickson, Ole Harstad.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $24.77
overdrafts) ------------------------------------------ $117,268.94
United States Government obligations,
direct and guaranteed________________
28,376.56
Obligations of States and political sub­
divisions --------------------------------------------1,000.00
Other bonds, notes, and debentures____
4,512.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
48,882.65
900.00
Bank premises owned __________________
Furniture and fixtures _________________
716.42
Real estate owned other than bank
premises --------------------------------------------7,969.15
Total

Demand deposits of individuals, partnerships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions --------------------------------------------Other deposits (certified and officers’
checks, e t c . ) __ _____________________ _
Total deposits ______________________
Capital accounts:
Common s to c k _______________________
Surplus ______________________________
Undivided p ro fits _____________________

----------------------------------------------- $209,626.22

Total

_______ ______________________

$33,972.44
131,350.34
8,591.94
1,788.74
175,703.46
25,000.00
5,500.00
3,422.76
$209,626.22

No. 394.
TH E BARRYTO N STATE SAVINGS BANK, BARRINGTON.
Organized March 9, 1908.
W . T. L a f l in , P resid en t; J acob O t t e r b e in , V ice P resid en t; W . W . W ood, C a sh ier; A . J.
W ood , A ssistant Cashier.
D ir e c t o r s .— W . T . Laflin, J. E . Soper, Jesse Wood, Jacob Otterbein, Chas. Cummings.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $1.86
overdrafts) ___________________________ $128,643.64
United States Government obligations,
direct and guaranteed________________
23,300.00
Obligations of States and political sub­
divisions _____________________________
18,852.27
13,223.31
Other bonds, notes, and debentures___
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
85,160.23
Bank premises owned _________________
7,719.50
Furniture and fixtures _________________
1,142.85

Total

----------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$278,041.80

Demand deposits of individuals, partner­
ships, and corporations _____________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions -----------------Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
First preferred stock _________________
Second preferred s t o c k _______________
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves ________________ _____________
Total

$61,637.01
155,507.37
16,509.85
1,204.52
234,858.75
13,000.00
12,500.00
2,500.00
5,996.34
4,639.55
4,547.16

----------------------------------------------- $278,041.80

57

STATE BANKS OF M ICHIGAN
No. 768.
TH E L A K E Y IE W STATE BANK OF B A TTLE CREEK, B A TTLE CREEK.
Organized October 11, 1929.
Jam es

C l e a r y , P re s id en t; J o h n D . P i c h i t i n o , V ice P resident and
P ip e r , G ordon P r u d h a m , A ssistant Cashiers.

C a sh ier; E v e l y n

S.

D ir e c t o r s .— James Cleary, John D . Pichitino, Marcus Farley, Norman V. Kritzner, Ben G.
Holtom.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $32.72
overdrafts) __________________________ $844,703.69
United States Government obligations,
17,500.00
direct and guaranteed________________
Other bonds, notes, and debentures____
76,040.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection___________ I______
375,308.53
Furniture and fixtures _________________
4,000.00
Real estate owned other than bank
premises _____________________________
2,314.79

Demand deposits of individuals, partner­
ships, and corporations --------$405,208.95
Time deposits of individuals, partner­
649,524.07
ships, and corporations-- ------------------Deposits of States and political sub­
divisions _____________________________
87,399.71
Deposits of banks ______________________
30,000.00
Other deposits (certified and officers’
checks, etc.) ________________________
17,116.77

Total

Total deposits _____________________ 1,189,249.50
Capital accounts:
Common stock _______________________
100,000.00
Surplus ________________
22,500.00
Undivided profits ------------------------------3,117.51
Reserves _____________________________
5,000.00

______________________________ $1,319,867.01

Total

________________ _____________ $1,319,867.01

No. 63.
TH E BAY CITY BANK, BA Y CITY.
Organized September 4, 1871.
L ou is M . M e is e l , P re s id en t; D. E u g e n e T o l f r e e ., R a l p h W . P h i l l i p s , O t t o B o rn , Vice
P resid en ts; R a l p h W . P h i l l i p s , C ash ier; R ay S. B a m f o r d , A ssistant C ash ier; T . W .
N o n e n p r e g e r , Auditor.
D ir e c t o r s .— M. Seth Babcock, Otto Born, Louis M. Meisel, Ralph W . Phillips, Stewart M.
Powrie, Adolph J. Rehmus, Edward C. Smith, D. Eugene Tolfree, Arthur S. W illiam s.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Demand deposits of individuals, partner­
Loans and discounts (including $39.02
ships, and corporations--------------------- — $846,894.05
overdrafts) _____
$1,155,660.22
Time deposits of individuals,partner­
United States Government obligations,
ships, and corporations
1,201,665.76
direct and guaranteed------------------------580,192.77
Deposits of States and political
sub­
Obligations of States and political sub­
divisions _;__________ ,
385,209.57
divisions _____________________________
211,809.66
Deposits of banks ______________________
283,396.02
Other bonds, notes, and debentures-------------------------- 86,318.75
Other deposits (certified and officers’
Corporate stocks (Including $10,500.00
checks,
etc.)
_________________________
13,971.48
Stock of Federal Reserve Bank) -------10,500.00
Cash, balances with other banks, includ­
Total
deposits
______________________
2,731,136.88
ing reserve balances, and cash items in
Other liabilities ________________________
20,145.90
process of collection______________
931,627.03
Capital accounts:
Bank premises o w n e d ---------------------------150,000.00
Common stock _______________________
300,000.00
Furniture and fixtures _________________
10,107.82
Surplus _______________
75,000.00
Other assets — --------------------------------------90.27
Undivided p ro fits --------------------------------10,023.74
Total

______________________________ $3,136,306.52


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total

______________________________ $3,136,306.52

58

STATE BANKING D EPARTM EN T
B A Y TR U ST COMPANY, BAY CITY.
Organized February 1, 1932.

J a m e s E. D a v id s o n , P resident and Chairman o f the B oard; C h a r l e s C o r y e l l , J. S t a n l e y
S ee , E d w a r d C. D a v id s o n , Vice P residents ; P a u l T h o m p s o n , Vice President and Chairman
o f th e E xecu tive Com m ittee ; W a l t e r N. W r a p s , S ecretary-Treasurer ; D a n ie l J. C ody ,
Trust Officer and A ssistant S ecretary-Treasurer ; E d w a r d W . B o w e n , Trust Officer.
D ir e c t o r s .— James E. Davidson, J. Stanley See, James R. Tanner, W illiam R. W ells, Edward
C. Davidson, W alter N. Wrape, M. Seth Babcock, Paul Thompson, Charles Coryell, Edward
S. Clark, Jr., Prank McKinley, Harry J. Tierney, Charles A. Coryell, Carroll Windiate,
Guy R. Moulthrop, Prank E. DeBold, Oscar M. Anderson. Pierson Kneeland, Charles J. Levy.

Statement December 30, 1939.
ASSETS

LIABILITIES

Advances to Trusts________________ 1____
United States Government obligations,
direct and fully guaranteed ______ ;__
Other bonds, stocks, and securities ___
Cash and balances with designated de­
positaries, fiduciary fu n d s _____ _______
Cash, and balances with other depos­
itaries, company funds ______________
Furniture and fixtures _________________
Accrued interest receivable ____________
Other assets ___________________________
Total

______________________________

$96,917.20
114,366.25
51,325.38
199,500.38

Fiduciary funds ________________________
Capital account:
Common stock _______________________
Surplus ____________________ ____
Undivided p ro fits _______
Reserves for contingencies____________

$199,500.38
200,000.00
150,000.00
34,171.50
2,049.09

102,717.94
5,862.57
31.25
15,000.00
$585,720.97

Total

____________ ________ _________ $585,720.97

No. 30.
PEOPLES COM MERCIAL & SAYINGS BANK, BAY CITY.
Organized August 15, 1888.
One Branch.
J a m e s E . D a v id s o n , P re s id en t; G u y H . M o u l t h r o p , J a m e s R. T a n n e r , E d w a r d C. D a v id s o n ,
C h a r l e s A . C o r y e l l ,, V ice Presidents ; R a n d a l l E . G r a v e s , C a sh ier; P r a n k J. P r o v o st ,
G eorge H. W a t r o u s , L e s l ie C. H a l e , A ssistant C ash iers; C h a r l e s A. S t r a c h a n , Auditor.
D ir e c t o r s .— Guy H .
Tomlinson, Charles
D. Johnson, W . N.
Kneeland, Hoyt E.

Moulthrop, J. A. Johnson, James E . Davidson, James R. Tanner, G. A.
Coryell, A. H . Weber, Edward C. Davidson, John C. Weadock, Frederick
Wrape, Charles A. Coryell, George B. Jennison, Frank E . DeBold, Pierson
Hayes.

Statement December 30, 1939.
ASSETS

l ia b il it ie s

Loans and discounts (Including $797.78
overdrafts) ___________________________ $1,635,312.15
United States Government obligations,
direct and guaranteed________________ 3,226,458.67
Obligations of States and political sub­
divisions ________________________ ,____
607,773.36
Other bonds, notes, and debentures ____
851,791.11
Corporate stocks (Including $33,000.00
Stock of Federal Reserve Bank) ____
52,126.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________ 5,108,177.09
Bank premises owned _______
155,598.27
Furniture and fixtures _________________
20,248.47
Real estate owned other than bank
premises _____________________________
42,164.95
Other assets ___________________________
398.81
Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$11,700,049.38

an d

c a p it a l

accounts

Demand deposits of individuals, partner­
$2,775,252.26
ships, and corporations _________
Time deposits of individuals, partner­
ships, and corporations________________ 6,514,621.01
Deposits of States and political sub­
divisions --------------------------------------------- 279,480.64
Deposits of banks ______________________
541,558.31
Other deposits (certified and officers’
checks, etc.) _________________________
116,036.87
Total deposits______________________ 10,226,949.09
Other liabilities ________________________
171.79
Capital accounts:
Common stock _________
500,000.00
Surplus ______________________________
500,000.00
Undivided p ro fits_____________________
372,928.50
Reserves _____________________________
100,000.00
Total

$11,700,049.38

59

STATE BANKS OF MICHIGAN
No. 798.
BAY PO RT STATE BANK, BA Y PORT.
Organized March 3, 1938.

J o h n H. F a h r n e r ^ President and Chairman o f the B oard; J o h n J. G il l i n g h a m , Vice P resi­
d en t; W a r r e n R. M c I n t y r e , Cashier.
D ir e c t o r s .— John H. Fahrner, Lloyd T. Crane, Herman E. Henne, Frank J. Eisengruber,
Otto F. Schmidt, Robert N. W allace, John J. Gillingham, Warren R. McIntyre.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts (including $21.50
overdrafts) ___________________________ $142,303.89
United States Government obligations,
direct and guaranteed------------------------7,800.00
Obligations of States and political sub­
divisions _________________________
27,500.00
Other bonds, notes, and debentures — —
14,251.55
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
62,620.20
process of collection ________________
Bank premises owned __________________
3,000.00
Furniture and fixtures__________________
500.00

Total

______________________________

Demand deposits of individuals, partner­
ships, and corporations ---------------------Time deposits of individuals, partner­
ships, and corporations ---------------- -—
Deposits of States and political sub­
divisions ------------------- — ---------------------Other deposits (certified and officers’
checks, etc.) ________________________
Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ------------------------------Total

$257,975.64

______________________________

$72,434.33
141.016.10
9,503.70
1,545.74
224,499.87
25,000.00
5,000.00
3,475.77
$257,975.64

No. 347.
B E LLA IR E STATE BANK, BE LLAIRE .
Organized August 18, 1906.
G. W . B e c h t o l d , President and Chairman o f the B o a rd ; J. E. R ic h a r d s , Vice P resid en t;
H . H . B e c h t o l d , C ash ier; B e r t h a G. S m i t h , A ssistan t Cashier.
D ir e c t o r s ^— G. W .

Bechtold, H.

H. Bechtold, Maxi Bechtold,
Richards.

J.

E.

Richards,

Louise

E.

Statement December 30, 1939.
ASSETS
Loans and d iscounts-------- --------------------United States Government obligations,
direct and guaranteed ----------------Obligations of States and political sub­
divisions ___
Other bonds, notes, and debentures ------Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
Bank premises owned __________________
Furniture and fixtures ___1------------------------

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
$49,797.85
79,153.53
38,293.92
37,205.26
80,493.47
3,000.00
600.00

$288,544.03

Demand deposits of individuals, partner­
ships, and corporations----------------------Time deposits of individuals, partner­
ships, and corporations-----------------------Deposits of States and political sub­
divisions _ __________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
Common stock -----------------------------------Surplus
__________________________
Reserves
__________________________
Total

______________________________

$76,964.68
109,479.10
75,000.58
2,114.26
263,558.62
20,000.00
4,000.00
985.41
$288,544.03

60

STATE BAN K IN G DEPARTM EN T
No. 527.
PEOPLES STATE BANK, BELLEVILLE.
Organized January 24, 1913.

F rank

H . C l a r k , P resident and C ashier ; G eorge W . M oore , V ice P resid en t ;
P e e r in g , C l a r a C. K r e b s , A ssistan t Cashiers.

H enri

R.

D ir e c t o r s .— Frank H . Clark, Edward Dicks, John R. James, George W . Moore, Irving H . Riggs.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts____________________ $333,522.89
United States Government obligations,
direct and guaranteed________________
84,775.00
Obligations of States and political sub­
100,260.00
divisions --------------------------------------------Other bonds, notes, and debentures____
51,252.00
Corporate stocks (Including $1,950.00
Stock of Federal Reserve Bank) _____
1,950.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
218,554.30
8,000.00
Bank premises owned __________________
Furniture and fixtures _________________
2,000.00

Demand deposits of individuals, partnerships, and corporations_______________ $209,693.77
Time deposits of individuals, partner­
ships, and corporations_______________
429,648.14
Deposits of States and political sub­
divisions --------------------------------------------84,171.40
Other deposits (certified and officers’
checks, etc.) _________________________
2,316.91

Total

--------------------------------- -------------

Total deposits _____________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________

$800,314.19

Total

725,830.22
2,483.97
40,000.00
30,000.00
2,000.00

----------------------------------------------- $800,314.19

No. 548.
PEOPLES STATE BANK, BELLEVUE.
Organized April 16, 1914.
L. E. H a ig h t , Chairman o f the Board.
J a m e s F. H a m il t o n , P resid en t ; V o l n e y J o h n s o n , R. R. P o rter , V ice Presidents.
D ir e c t o r s .— L. E. Haight, James F. Hamilton, Archie Cook, Newell B. Hamilton, Volney
Johnson, Kenneth Mulvany, R. R. Porter, John Robinson, Francis Sharkey, W . R. Jones.

Statement December 30, 1939.
ASSETS
Loans and discounts _____________________ $133,107.81
United States Government obligations,
direct and guaranteed________________
19,105.00
Obligations of States and political sub­
divisions --------------------------------------------58,181.53
Other bonds, notes, and debentures____
30,600.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
103,754.37
Bank premises owned __________________
4,850.00
Furniture and fixtures _________________
3,014.94
Other assets ___
14.39

Total

----------------------------------------------- $352,628.04


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
Demand deposits of individuals, partner­
ships, and corporations_______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions --------------------------------------------Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits_____________________
Total

______________________________

$65,650.27
223,992.64
15,950.29
1,858.94
307,452.14
40,000.00
5,000.00
175.90
$352,628.04

61

S T A T E B A N K S O F M IC H IG A N
N o. 219.
BEN TON H A R B O R STA TE B A N K , BEN TON H ARBO R.
Organized November 9, 1899.

C. O. B e o w n , P resid en t; C. A . C o n k e y , Vice P resid en t; D. M. R u t h , C a sh ier; O. G. B r e w it z ,

A ssistant Cashier.
D ir e c t o r s .— C. A. Conkey, C. O. Brown, O. G. Brewitz, D. M . Ruth, L. F. Sutherland, E.
Leonard Smith, O. W . Dean, Thomas Lynch.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts___________________ $440,871.72
United States Government obligations,
direct and guaranteed________________
212,401.25
Obligations of States and political sub­
divisions _____________________________
714,800.44
Other bonds, notes, and debentures-------182,716.29
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
869.083.10
Bank premises owned __________________
48,000.00
Furniture and fixtures _________________
4,720.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $1,197,863.32
Time deposits of individuals, partner­
803,038.39
ships, and corporations_______________
Deposits of United States Government
(including postal savings) ____________
7,160.25
Deposits of States and political sub­
divisions _____________________________
217,919.61
Other deposits (certified and officers’
checks, etc.) _________________________
23,576.55
Total deposits______________________ 2,249,558.12
Other liabilities ________________________
4,000.00
Capital accounts:
First preferred s t o c k _________________
50,000.00
Common stock ------------------------------------ 100,000.00
50,000.00
Surplus ---------------Undivided p ro fits--------------------------------11,534.68
Reserves _____________________________
7,500.00
T o t a l_______________________________ $2,472,592.80

T o t a l_______________________________ $2,472,592.80

N o. 416.
T H E B E R R I E N S P R IN G S S T A T E B A N K , B E R R I E N S P R IN G S .
Organized October 21, 1908.
G.

L.

V a l e n t in e , P re s id en t; E.

F.

G arland, Ja m e s
S h u l t z , Cashier.

D. B oone ,

Vice P resid en ts; W . F.

D ir e c t o r s .—-James D. Boone, E. F. Garland, Geo. R. Dater, G. L . Valentine, Guy F. Heim,
W . F . Shultz.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $6.44
overdrafts) ___________________________ $129,901.27
United States Government obligations,
direct and guaranteed________________
217,084.29
Obligations of States and political sub­
divisions ----------------198,878.63
Other bonds, notes, and debentures-------44,140.99
Corporate stocks (Including $1,800.00
Stock of Federal Reserve B a n k )---------1,800.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_____________
294,662.70
Bank premises owned ---------------------------8,400.00
Furniture and fixtures --------------------------900.00

Demand deposits of individuals, partner­
ships, and corporations----------------------- $292,624.47
Time deposits of individuals, partner­
ships, and corporations----------------------- 449,384.13
Deposits of States and political sub­
divisions _____________________________
70,480.43
Other deposits (certified and officers’
checks, etc.) --------------------------------------2,045.89

T o t a l_______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$895,767.88

Total deposits ______________________
Capital accounts:
First preferred stock --------------------------Common stock -----------------------------------Surplus ______________________________
Undivided p ro fits--------------------------------Reserves _____________________ ________
Total

______________________________

814,534.92
16,000.00
20,000.00
20,000.00
7,232.96
18,000.00
$895,767.88

62

S T A T E B A N K IN G D E P A R T M E N T
No. 536.
CEN TRAL STATE BAN K , B EU LAH .
Organized A u gu st 18, 1913.

H . B. W ood w a rd , P resid en t; F. L. O rctjtt , Vice P resid en t; I r v in g P. J o n e s , Cashier.
D ir e c t o r s .— I. P. Jones, L. A. Rockwell, A. E. Knight, B. Swanson, F . L. Orcutt, W m . G.
W illard, H . B. Woodward.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $28.74
overdrafts) ___________________________ $140,829.57
United States Government obligations,
35,300.00
direct and guaranteed _______
Obligations of States and political sub­
divisions _______
18,300.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
74,803.29
Bank premises owned __________________
5,900.00
Furniture and fixtures _________________
940.43
2,658.62
Other assets ___________________________
Total

______________________________

Demand deposits of individuals, partner­
ships, and corporations _______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions _______________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits _____________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________

$278,731.91

Total

________________ _____________

$68,530.59
152,857.64
28,413.28
1,880.40
251,681.91
2,050.00
25,000.00
$278,731.91

No. 259.
B IG R A P ID S S A Y IN G S B A N K , B I G R A P ID S .
Organized M arch 18, 1902.
J. E. B e r g e l in , President and Chairman o f the B o a rd ; K e n t H a n c h e t t , J. L. L un d be rg ,
V ice P residents ; F. N. F ord , Cashier.
D ir e c t o r s .— J. E.

Bergelin,

Kent Hanchett, F. N. Ford, Fred Garbow,
J. L. Lundberg, H. D. Acker.

Orrie L.

Gilbert,

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $2.09
overdrafts) _____ ______ :_______________ $330,437.93
United States Government obligations,
direct and guaranteed________________
76,972.56
Obligations of States and political sub­
divisions ____________
9,500.00
Corporate stocks (Including $1,900.00
Stock of Federal Reserve Bank) ______
1,900.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
261,616.02
Bank premises owned __________________
14,500.00

Demand deposits of individuals, partnerships, and corporations ______________ $204,156.24
Time deposits of individuals, partner­
ships, and corporations __________
321,753.20
Deposits of United States Government
(including postal sav in gs)___________
2,704.36
Deposits of States and political sub­
divisions ___________
86,719.49
Other deposits (certified aftd officers’
checks, etc.) _________________________
2,649.50

Total

---------------------------------------------- $694,926.51


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits __________ ________ __
Capital accounts:
Common stock _____________ ,__ ;______
Surplus ----------------------------------------------Undivided profits
_____________ » ____
Total

617,982.79
50,000.00
12,500.00
14,443.72

----------------------------------------------- $694,926.51

68

S T A T E B A N K S O F M IC H IG A N

No. 248.
C IT IZ E N S S T A T E B A N K , B IG R A P ID S
Organized September 20, 1901.
Branch in M ecosta, M ichigan.
H. J. W a r d , P resid en t; J o s e p h F i t z p a t r i c k , G eorge A. W r ig h t , Vice P resid en ts; W a m .a ce
F. H e n r y , Cashier; S t a n l e y C. N e l s o n , P h i l i p L a V a n t d r e ', A ssistant Cashiers.
D ir e c t o r s .— Arthur J. Butler, Joseph Fitzpatrick, Charles E. Fairman, B. A. McGill, Stanley
C. Nelson, H . J. W ard, W allace F. Henry, George A. W right, John Waddell, J. R. Bennett,
J. B. Campbell, Joseph S. Bauman, Dr. B. L. Franklin.

Statement December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $257.35
overdrafts) ______
$406,627.00
United States Government obligations,
direct and guaranteed________________
173,922.50
Obligations of States and political sub­
divisions _____________________________
196,822.60
Other bonds, notes, and debentures____
102,693.75
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_________________
205,225.59
Bank premises owned __________________
14,500.00
6,000.00
Furniture and fixtures _________________
Other assets____________________________
235.98

Demand deposits of individuals, partner­
ships, and corporations__________ :------- $255,944.25
Time deposits of individuals, partner­
ships, and corporations ______________
602,279.85
Deposits of States and political sub­
divisions _____________________________
122,795.31
Other deposits (certified and officers’
1,819.41
checks, etc.) _______________________ —

Total

Total deposits ______________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Surplus ______________________________
Undivided p ro fits--------------------------------Reserves _____________________________
Total

_____________________________ $1,106,027.42

982,838.82
25,000.00
75,000.00
10,000.00
7,188.60
6,000.00

______________________________ $1,106,027.42

No. 505.
T H E B IR C H R U N ST A T E B A N K , B IR C H RU N .
Organized June 13, 1912.
C h a r l e s W o l o h a n , P resid en t ; M i l e s L. H a d s a l l , Vice P resid en t ; H e r b e r t W a l t e r , Cashier.
D ir e c t o r s .— Charles Wolohan, Miles L. Hadsall, Alvin H . Totten, W illiam McIntosh, Herbert
W alter.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $4.48
overdrafts) __________________________ $114,918.40
United States Government obligations,
direct and guaranteed ------------------------33,367.19
Obligations of States and political sub­
divisions ___________________
9,488.84
Other bonds, notes, and debentures____
35,072.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
69,807.68
Bank premises owned __________________
9,400.00
Furniture and fixtures _____________ _—
2,700.00

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$274,754.61

Demand deposits of individuals, partner­
ships, and corporations _______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions _________________ '----------------Other deposits (certified and officers’
checks, etc.) --------------------------------------Total deposits______________________
Capital accounts:
Common stock _______________________
S u r p lu s _____________________________
Undivided p ro fits --------------------------------Total

___________________ __________

$58,490.49
163,309.08
22,516.05
2,481.04
246,796.66
20,000.00
5,000.00
2,957.95
$274,754.61

64

S T A T E B A N K IN G D E P A R T M E N T

No. 481.
T H E BLAN CH AR D STATE BAN K , BLAN CH ARD .
Organized A p ril 4, 1911.
C a r l M. M a s o n ,, P resid en t ; H o m e r D e W i t t , Vice P resid en t; C h e s t e r M cD o n ald , Cashier.
D ir e c t o r s .— Carl M. Mason, Homer D eW itt, Archie Foster, Don S. Uebele, Roy J. Renwick.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $53.30
overdrafts) ---------------------------------------- $153,881.68
United States Government obligations,
direct and guaranteed________________
6,600.00
Obligations of States and political sub­
divisions --------------------------------------------600.00
Other bonds, notes, and debentures___
16,874.23
Corporate
stocks
(Including
$850.00
Stock of Federal Reserve Bank) _____
850.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
45,927.69
Bank premises owned __________________
3,400.00
Furniture and fixtures ___________ ._____
950.00
T o t a l------------------------------------------------

Demand deposits of individuals, partnerships, and corporations_______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions --------------------------------------------Other deposits (certified and officers’
checks, etc.) ______________________ ____

$52,928.74
130,848.92
7,653.99
1,648.83

Total deposits '______________________
Capital accounts:
Common stock _______________________
Surplus -----------------------------------Undivided p rofits_____________________

193,080.48

T o t a l------------------------------------------------

$229,083.60

$229,083.60

25,000.00
2,000.00
9,003.12

No. 163.
T H E B L IS S F IE L D

S T A T E B A N K , B L IS S F IE L D .

Organized A p ril 25, 1893.
E . A . B e a m e d , Chairman o f th e Board.
K . B. G l a s e r , P re s id en t; G. A . H a t h a w a y , F red J. W i l t , V ice P resid en ts; H . F . R o h r b a c k ,
C a sh ier; D. E. H a h n , J. C. M a s o n , A ssistan t Cashiers.
D ir e c t o r s .— E. A. Beamer, C. A. Gilson, K . B. Glaser, L. B. H all, G. A. Hathaway, J. G. H ill,
Bert McCormick, W . E. Pifer, H . F. Rohrback, Fred J. W ilt.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $15.12
overdrafts) ___________________________ $528,294.94
United States Governmentobligations,
direct and guaranteed______________ __ 151,871.73
Obligations of States and political sub­
88,120.40
divisions -------------------------------------------Other bonds, notes, and debentures ____
32,281.15
Corporate stocks (Including $3,750.00
Stock of Federal ReserveB a n k )_______
3,750.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
278,036.60
Bank premises ow n ed ___________________
28,300.00
Furniture and fixtures _________________
8,000.00
Real estate owned other than bank
premises --------------------------------------------22,050.00

Demand deposits of individuals, partner­
ships, and corporations______________ $246,680.24
Time deposits of individuals, partner­
ships, and corporations______________
706,679.53
Deposits of States and political sub­
divisions --------------------------------------------48,729.37
Other deposits (certified and officers’
checks, etc.) ------------------------------------_ _
2,901.89

Total

-----------------------------------------------$1,140,704.82


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits _____________________ 1,004,991.03
Capital accounts:
30,000.00
First preferred stock _________________
Second preferred stock _______________
25,000.00
Common stock _______________________
25,000.00
Surplus ---------------------------------------------45,000.00
Undivided p rofits_____________________
10,713.79
Total

---------------------------------------------- $1,140,704.82

65

S T A T E B A N K S O F M IC H IG A N
No. 221.
T H E J IP S O N -C A R T E R S T A T E B A N K , B L I S S F I E L D .
Organized January 29, 1900.
Branch at R iga, Michigan.

C h a r l e s E . H o w l a n d , Chairman o f the Board.
C ora A . J ip s o n , P resid en t; W . J. B a u e r , 1st V ice P resid en t; J o h n W . P e n ce , 2nd Vice
P resid en t; H arold A . C r a n e , C ash ier; O l i n C. P if e r , A ssistant C a sh ier; A rn old H.
H a s e n p f l u g , Branch Manager.
D ir e c t o r s .— Cora A. Jipson, John J. W alper, John Ickler, Theodore G. Glaser, Hilon
Morrow, Jesse D. Moore, John W . Pence, Charles E. Howland.

E.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $193.83
overdrafts) ___________________________ $503,103.60
United States Government obligations,
504,416.33
direct and guaranteed________________
Obligations of States and political sub­
divisions _____________________________
45,449.69
Other bonds, notes, and debentures____
92,506.29
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
457,616.15
Bank premises owned __________________
13,000.00
3,000.00
Furniture and fixtures _________________
Real estate owned other than bank
premises _____________________________
4,953.27
Other assets ___________________________
141.94

Demand deposits of individuals, partner­
ships, and corporations_______________ $210,445.07
Time deposits of individuals, partner­
ships, and corporations_______________ 1,109,109.91
Deposits of States and political sub­
divisions _________________________ ____
75,909.22
Other deposits (certified and officers’
checks, etc.) _________________________
1,791.67

Total

Total deposits _____________________ 1,397,255.87
Capital accounts:
First preferred s t o c k _________________
50,000.00
Second preferred s to c k -----------------------48,400.00
Common stock _______________________
50,000.00
Surplus ______________________________
40,000.00
38,531.40
Undivided profits ____________________
Total

______________________________ $1,624,187.27

____________________ _________ $1,624,187.27

No. 516.
T H E P E O P L E S S T A T E B A N K O F B L O O M IN G D A L E , M IC H IG A N ,
B L O O M IN G D A L E .
Organized July 9, 1912.
W . R. W i c k e t t , P resid en t; E . A . H a v e n , V ice P resid en t; A. B. W ig g in s , C ash ier; C ar l
K o l o s e ik an d E na S im o n , A ssistant Cashiers.
D ir e c t o r s .— Arthur B. W iggins, E. A. Haven, W . R. W ickett, George Fritz, Roy Woodhouse.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $2.81
overdrafts) __________________ .________ $136,825.14
United States Government obligations,
direct and guaranteed________________
126,905.50
Obligations of States and political sub­
divisions ___________
13,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
214,493.70
Bank premises owned __________________
4,000.00
Furniture and fixtures _________________
2,600.00
Other assets____________________________
204.24

Demand deposits of individuals, partner­
ships, and corporations_______________ $184,285.12
Time deposits of individuals, partner­
250,352.15
ships, and corporations_______________
Deposits of States and political sub­
divisions _____________________________
28,238.45
Other deposits (certified and officers’
checks, etc.) _________________________
77.69

Total

_____________ ________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$498,028.58

Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________
Reserves _____________________________
Total

____________ - ________________

462,953.41
25,000.00
5,000.00
4,354.88
720.29
$498,028.58

66

S T A T E B A N K IN G D E P A R T M E N T
No. 436.
T H E F A R M E R S S T A T E B A N K O F B R E C K E N R ID G E , M IC H IG A N .
Organized April 21, 1909.

A l e x C h i s h o l m , President ,* R a l p h C. C h i s h o l m , F r a n k O b e r s t , V ice P residents j R obert
L. B a l d w in , C ashier ; M il f o r d M. C ord ray , A ssistant Cashier.
D ir e c t o r s .— Alex Chisholm, Robert L. Baldwin, Ralph C. Chisholm, Frank Oberst, W illiam
McKenzie.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $2.58
overdrafts) ------------------------- _------- $191,117.79
United States Government obligations,
direct and guaranteed _________________ 113,516.38
Obligations of States and political sub­
divisions -----------86,689.04
Other bonds, notes, and debentures_____
65,433.84
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_____ _____________
150,096.96
Bank premises ow n e d _________ ;________
9,000.00
R000.00
Furniture and fixtures ___________ _;____

Total

Demand deposits of individuals, partner­
ships, and corporations _____________ $144,204.13
Time deposits of individuals, partner­
ships, and corporations ______________
341,010.07
Deposits of States and political sub­
divisions -------------- :-----------------------------71,335.79
Other deposits (certified and officers’
checks, etc.) ------------------- ------------- !___
2,028.58
Total deposits--------------Capital accounts:
Common stock __________________
Surplus ______
Undivided p ro fits______________ :______
Reserves ----------------------- :_____ __ ____

--------------------------------_____----- - $616,854.01

Total

558,578.57
40,000.00
10,000.00
4,732.82
3,542.62

---------------------------------------------- $616,854.01

No. 640.
T H E B R I D G E W A T E R S A Y IN G S B A N K , B R I D G E W A T E R .
Organized M ay 7, 1919.
F red B l u m h a r d t , P resident j O t t o SCitair l e , C h a r l e s G. B a u e r , Vice P residents j T heodore
O. S t i m p s o n , Cashier ; H arold B e r su d e r , A ssistan t Cashier.
D ir e c t o r s .

Charles G. Bauer, Jacob F. Bauer, W m . Schumacher, W m . Kuebler, Otto Schaible,
Jacob Renz, Luther C. Klager, Fred Blumhardt.

Statem ent December 30, 1939.
ASSETS
Loans and discounts____________________
United States Government obligations,
direct and guaranteed________________
Obligations of States and political sub­
divisions -------------- ------- :______________
Other bonds, notes, and debentures_____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ______
Bank premises o w n ed __________________
Furniture and fixtures _________________

LIABILITIES AND CAPITAL ACCOUNTS
$44,595.18
42,663.76
6,074.26
18,622.58
34,127.92
4,500.00
1.00

T o t a l------------- -------------------------- ------- $150,584.70


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Demand deposits of individuals, partner­
ships, and corporations ____!__________
Time deposits of individuals, partner­
ships and corporations_____ _T________
Deposits of States and political sub­
divisions — ---------------- :_______________
Other deposits (certifiedand officers’
checks, etc.) __________
Total deposits _____________ '__ _____
Capital accounts:
First preferred s to c k _________________
Common stock ______________
Undivided p rofits_______ ______________

$44,815.47
58,406.81
3,325.63
2,638.06
109,185.97
15,000.00
25,000.00
1,398.73

T o t a l_______ ________ ___________ ____ $150,584.70

67

S T A T E B A N K S O F M IC H IG A N
No. 776.
T H E S T A T E S A V IN G S B A N K , B R ID G E M A N .
Organized A p ril 28, 1931.

S t a n l e y R. B a n y o n , President and Chairman o f the B oa rd ; G u s t a v A . Z i c k , G u s t a v H.
K n a a k , J r ., Vice P resid en ts; R. D. J e n n in g s , Cashier.
D ir e c t o r s .— S. R. Banyon, R. M. Boothby, E. T. Drier, G. A. Zick, R. D. Jennings, G. II.
Knaak, Jr., W illiam J. Banyon, Jr.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $144,312.83
United States Government obligations,
direct and guaranteed -----------31,200.00
Obligations of States and political sub­
divisions _____________________________
70,969.31
Other bonds, notes, and debentures ----17,570.51
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
142,551.69
Bank premises owned __________________
6,200.00
Furniture and fixtures---------------------------2,300.00
Other assets ---------127.65

Demand deposits of individuals, partner­
ships, and corporations__________
$126,729.84
Time deposits of individuals, partner­
ships, and corporations __________
189,890.93
Deposits of United States Government
(including postal savings) ------------------758.53
Deposits of States and political sub­
divisions --------------40,531.80
Other deposits (certified and officers’
checks, etc.) _________________________
3,277.15

Total _______________________________

Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus _____
Undivided profits ------------------------------Reserves _____________________________

361.188.25
25,000.00
11,500.00
10,043.74
7,500.00

T o t a l_________________ ___ ,--------------- $415,231.99

$415,231.99

No. 452.
THE

B R IG H T O N

STATE

BANK,

B R IG H T O N .

Organized A p ril 6, 1910.
E.

R. H y n e , P resid en t; A. L. S m i t h , V ice P resid en t; R. O. N e w c o m b , Cashier.

D ir e c t o r s .— A . L. Smith, R. O. Newcomb, E. R. Hyne, D. W . Van Winkle, Oscar Schoenhals,
H.
P. Melius, J. A . Brady, C. A. Newman.

Statement December 30, 1939.
ASSETS
Loans and discounts (including $17.93
overdrafts) ___________________________
United States Government obligations,
direct and guaranteed________________
Obligations of States and political sub­
divisions ----- —
----- ----------------------Other bonds, notes, and debentures------Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ______ —-----------—
Bank premises owned __________________
Furniture and fixtures _________________

T o t a l_______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
$47,269.27
55,316.61
18,975.34
108,297.25
284,107.13
6,700.00
900.00

$521,565.60

Demand deposits of individuals, partner­
ships, and corporations --------$198,417.65
Time deposits of individuals, partner­
ships, and corporations--------------239,336.10
Deposits of United States Government
(including postal savings) ------------------1,232.98
Deposits of States and political sub­
divisions _________________________
33,299.61
Other deposits (certified and officers’
checks, etc.) _________________________
1,709.93
Total deposits ______________________
Other liabilities ________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Surplus _____________________________
Undivided p ro fits_____________________
Reserves _____________________________
T o t a l_________________ ,_________ ,—,

473,996.27
230.52
15,000.00
25,000.00
5,000.00
808.81
1,530.00
$521,565.60

68

S T A T E B A N K IN G D E P A R T M E N T
No. 409.
PEO PLE S ST A T E B A N K OP BRO NSON , BRONSON.
Organized M a y 1, 1908.

A . D . H u n s ic k e r , P resident j

G u y W . M o nroe , R . W . C u t l e r , V ice Presidents j G erald N.
P e a r c e , Cashier.

D ir e c t o r s .— A . D. Hunsicker, Guy W . Monroe, H. C. Bowker, B. P. Taggart, H . A. Douglas,
C. A. Mallow, V. V. Tefft, C. H . Powley, L. P. Hansen.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts____________________ $181,126.68
United States Government obligations,
12,300.00
direct and guaranteed________________
Obligations of States and political sub­
divisions --------------------------------------------63,647.50
19,825.00
Other bonds, notes, anddebentures_____
Corporate stocks (Including $2,100.00
Stock of Federal Reserve B a n k )_______
2,100.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
230,478.07
Bank premises ow n ed_____ ___________ 5,640.00
Furniture and fixtures _________________
1,140.00
Real estate owned other than bank
premises --------------------------------------------5,996.26
Other assets ___________________________
1,903.49

Demand deposits of individuals, partner­
ships, and corporations______ _________ $243,647.23
Time deposits of individuals, partner­
ships, and corporations_______________
161,896.20
Deposits of United States Government
(including postal savings) ___________
1,891.21
Deposits of States and political sub­
divisions -------------------------------------------36,655.69
Other deposits (certified and officers’
37.07
checks, etc.) __________________________
Total deposits______________________
Capital accounts:
Common stock _______________________
Surplus ------------------------Undivided p ro fits _____________________
Reserves ----------------

Total ----------------------------------------------- $524,157.00

Total

444,127.40
50,000.00
25,000.00
1,079.45
3,950.15

----------------------------------------------- $524,157.00

No. 312.
BRO OKLYN STATE B AN K , BROOKLYN.
Organized M a y 16, 1905.
B er n ar d A . A y e r s , P resident and Chairman o f the B oard; J e r r y W . P ie r c e , C. R. W a t t s ,
V ice P resid en ts ; L . F . D e r m y r e , Cashier.
D ir e c t o r s .— D. J. Boyce, C. R. W atts, J. W . Pierce, Bernard A. Ayers, W . J. Crego.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $22.84
overdrafts) ------------------------- :__________ $212,163.40
United States Government obligations,
direct and guaranteed________________
133,193.75
Obligations of States and political sub­
divisions ___ :___ __________
32,150.36
Other bonds, notes, and debentures
19,736.74
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
132,584.38
Bank premises ow n ed___________________
4.300.00
Furniture and fixtures__________________
1.600.00
Real estate owned other than bank
prem ises______________________________
4,356.68

Demand deposits of individuals, partner­
ships, and corporations_______________ $144,814.10
Time deposits of individuals, partner­
ships, and corporations______________
280,275.59
Deposits of United States Government
(including postal sa v in g s)___ ,________
668.23
Deposits of States and political sub­
divisions ------36,595.23
Other deposits (certified and officers’
checks, etc.) --------------------------------------3,328.16

Total

----------------------------------------------- $540,085.31


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ----------------------------------------------Undivided p ro fits______________
Reserves --------------------------------------------Total

465,681.31
963.09
30,000.00
30,000.00
5,811.52
7,629.39

----------------------------------------------- $540,085.31

69

S T A T E B A N K S O F M IC H IG A N
No. 216.
B R O W N C I T Y S A Y IN G S B A N K , B R O W N C IT Y .
Organized M ay 26, 1899.

M. L. B u r k h o l d e r , President and A cting Chairman o f the B oa rd ; C. E. S c h o e n h a l s , Vice
P resid en t; E zra W . P e p p e r , C ash ier; M. M. S c a n l a n , A ssistant Cashier.
D ir e c t o r s .— M. L. Burkholder, Ezra W . Pepper, D. A.
Schoenhals.

McKeith,

Hugh W .

Glover, C.

E.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $19.73
overdrafts) ___
$133,023.40
United States Government obligations,
direct and guaranteed __ — ----- —------121,685.25
Obligations of States and political sub­
3,620.00
divisions ____________
Other bonds, notes, and debentures------22,078.49
Corporate
stocks
(Including
$750.00
750.00
Stock of Federal Reserve Bank) _____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
150,380.82
5,700.00
Bank premises owned ---------------------------Furniture and fixtures__________________
800.00

Demand deposits of individuals, partner­
ships, and corporations-----------------— $158,156.18
Time deposits of individuals, partner­
ships, and corporations ______________ 215,009.32
Deposits of United States Government
(including postal savings) ----------------302.79
Deposits of States and political sub­
31,535.65
divisions -----------Other deposits (certified and officers’
checks, etc.) _________________________
10.40

Total _______________________________

Total deposits ____________
Capital accounts:
Common stock ___________
Surplus ------------------Undivided p ro fits ---------------------------------

405,014.34

Total _______________________________

$438,037.96

$438,037.96

25,000.00
6,000.00
2,023.62

No. 686.
U N IO N S T A T E B A N K , B U C H A N A N .
Organized October 14, 1921.
Branch in Galien, Michigan.
S t a n l e y A . C l a r k , Chairman of the Board and P resid en t; R ay E . B a b c o c k ,. Vice P resid en t;
C. E d w in K a y e , C ash ier; P. L. K a r l in g , H . L. C a l b e t z o r , A ssistant Cashiers.
D ir e c t o r s .— Oliver A. Van Pelt, Ray E. Babcock, Stanley A. Clark, Ralph Allen, Harry M.
Graham, C. Edwin Kaye.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ------------------------------ $458,703.06
United States Government obligations,
direct and guaranteed — -------------54,100.00
Obligations of States and political sub­
divisions -- ---------------160,164.82
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection --------------------------- 234,206.37
Bank premises owned ---------------------------13,415.92
Furniture and fixtures ------------------------6,759.80
Real estate owned other than bank
premises ------------------24,302.59
Other assets ___________________________
6,030.70

Demand deposits of individuals, partner­
ships, and corporations ----------$327,559.90
Time deposits of individuals, partner­
ships, and corporations
—---------------- 374,615.72
Deposits of United States Government
(including postal savings) ----------------24,890.00
Deposits of States and political sub­
divisions _____________________________
120,062.82
Other deposits (certified and officers’
checks, e t c . ) ________________-■------------119.87

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$957,683.26

Total deposits ---------------------------------Other liabilities ------------------------------------Capital accounts:
First preferred stock --------------------------Common stock -----------------------------------Surplus ______________________________
Undivided p ro fits--------------------------------Reserves _____________________________
Total

___________________________ —

847,248.31
6,660.52
19,000.00
55,000.00
21,000.00
5,839.43
2,935.00
$957,683.26

70

S T A T E B A N K IN G D E P A R T M E N T

No. 673.
TH E BYRO N CEN TER STATE BAN K , BYRON CENTER.
Organized October 27, 1920.
S ier d A n d r in g a ., P resid en t ; D a n ie l B u r g e ss , Vice P resid en t ; C l a r e n c e V an S t r ie n , Cashier;
W il l a r d J. V an S in g e l , A ssistant Cashier.
D ir e c t o r s .— Sierd Andringa, Dick Andringa, Paul J. France, Daniel Burgess, Lee L . Marshall.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $62.48
overdrafts) --------United States Government obligations,
direct and guaranteed________________
Obligations of States and political sub­
divisions ------Other bonds, notes, anddebentures______
Corporate
stocks
(Including
$950.00
Stock of Federal Reserve Bank) ______
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
Bank premises owned __________________
Furniture and fixtures _________________
Real estate owned other than bank
premises — — ------------ -------------------------

Total

----------------------------------------------

$96,482.90
7,500.00
20,476.06
10,175.00
950.00
172,085.66
2,174.86
980.00
2,178.89

Demand deposits of individuals, partner­
ships, and corporations_______________
Time deposits of individuals, partner­
ships, and corporations___ _____
Deposits of United States Government
(including postal savings) _______
Deposits of States and political sub­
divisions ----------- !____ __ _______ _____ „
Other deposits (certified and officers’
checks, etc.) _________
Total deposits _____________________
Other liabilities ________________________
Capital accounts:
Common stock ________________
Surplus ----------------------------------------------Undivided p ro fits___________________
Reserves ---------------------------------------------

$313,003.37

Total

$70,729.76
187,424.06
395.95
14,324.94
1,607.39
274,482.10
1,250.00
25,000.00
6,500.00
1,646.27
4,125.00

------------------- --------------------------- $313,003.37

No. 181.
T H E C A D IL L A C S T A T E B A N K , C A D IL L A C .
Organized September 30, 1895.
B ranch in M esick, M ichigan.
F red S. L a m b , P resid en t ;

M a r t L. W i l l i a m s , Vice P resid en t ;
W . C. N o r d e ll , A ssistant Cashier.

D ir e c t o r s .— H. C. Harris, James Johnston, Fred S. Lamb, W .
J. J. Veldman, M. L. W illiam s.

J. J. V e l d m a n ,
J. Murphy, H .

Cashier;
C. Schoff,

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $1,030,376.63
United States Government obligations,
direct and guaranteed________________
254,005.73
Obligations of States and political sub­
divisions _____________________________
138,189.62
Other bonds, notes, and debentures____
275,838.71
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
369,211.27
Bank premises owned __________________
11,500.00
Furniture and fixtures _______________
6,000.00
Other assets ______________________ ____
3,000.00

Demand deposits of individuals, partner­
ships, and corporations _____________ $650,049.48
Time deposits of individuals, partner­
ships, and corporations_______________
998,530.02
Deposits of States and political sub­
divisions --------------------------------------------- 222,181.35
Deposits of b a n k s _____ _________________
4,483.85
Other deposits (certified and officers’
checks, e t c . ) _____ ___________________
22,354.08

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,088,121.96

Total deposits---------------------------------- 1,897,598.78
Other liabilities ________________________
5,040.00
Capital accounts:
Common stock _______________________
102,000.00
Surplus ----------------------------------------------63,000.00
Undivided profits ____________________
15,175.59
Reserves --------------------------------------------5,307.59
Total

---------------------------------------------$2,088,121.96

71

S T A T E B A N K S O F M IC H IG A N
No. 291.

'

THE STATE BANK OF CALEDONIA, CALEDONIA, M ICHIGAN.
Organized June 11, 1904.
G. D. H o u g h t o n , P resident and Chairman o f th e B o a rd ; A l b e r t M il l e r , V ice P resid en t;
R ay S. M c G o w a n , C ash ier; A l b e r t H . P a r k e r , A ssistant Cashier.
D ir e c t o r s .— G. D.

Houghton,

Joseph Gless, Benjamin
Leon T . Anderson.

Glick, Albert Miller, C.

P.

Beeler,

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $16.07
overdrafts) ___ .•___________ __________ $226,084.14
United States Government obligations,
direct and guaranteed ________________
29,575.00
Obligations of States and political sub­
divisions ___________ •_________________
6,000.00
Other bonds, notes, and debentures___
17,223.75
Cash, balances with other banks, Includ­
ing reserve balances, and cash items in
process of collection _________________
195,472.83
Furniture and fixtures _________________
900.00

Demand deposits of individuals, partnerships, and corporations___________
Time deposits of individuals, partnerships, and corporations _______________
Deposits of United States Government
(including postal savings) ____________
Deposits of States and political sub­
divisions ____________
Other deposits (certified and officers’
checks, etc.) __________________________

$475,255.72

T o t a l_______________________________

Total

$78,257.74
314,917.92
550.00
16,891.15

3,348.38
.----------------Total deposits _____________________
413,965.19
Capital accounts:
Common s t o c k __ ___________
40,000.00
Surplus _____________________________
19,000.00
Undivided p ro fits_____________________
2,290.53
$475,255.72

No. 87.
T H E M E R C H A N T S & M IN E R S B A N K , C A L U M E T .
Organized A u gu st 7, 1873.
B ranch in Laurium , Michigan.
W a l t e r E d w a r d s , M anager; O sc a r E . H o l m s t r o m , A ssistant Manager.
G ordon R. C a m p b e l l , Chairman o f the Board.
P r a n k J. K o h l h a a s , P resid en t; W . G. C u d l ip , E xecu tive V ice P resident and Trust Officer;
N o r m a n M a c do n a ld , Vice P resid en t; E. H . M an ge r , Trust Officer and V ice P resid en t;
E dgar J o h n s o n , C ash ier; W a l t e r E d w a r d s , A ssistant Cashier.
D ir e c t o r s .— Gordon R. Campbell, Prank J. Kohlhaas, Herman Haas, Norman
W . George Cudlip, Harry E. King, Rudolph J . Vertin.

Macdonald,

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $215.85
overdrafts) ___________________________ $228,445.16
United States Government obligations,
direct and guaranteed ________________
543,031.25
Obligations of States and political sub­
divisions _____________________________
48,551.00
Other bonds, notes, and debentures____
32,105.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________ 3,067,478.15
Bank premises owned __________________
40,000.00
Furniture and fixtures ________________
6,061.61

Demand deposits of individuals, partner­
ships, and corporations _______________ $1,018,195.27
Time deposits of individuals, partner­
ships, and corporations ______________ 2,184,239.31
Deposits of States and political sub­
divisions _____________________________
104,565.60
Other deposits (certified and officers’
checks, etc.) _________________________
6,859.63

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,965,672.17

Total deposits ______________________ 3,313,859.81
Other liabilities ________________________
575.00
Capital accounts:
Common s t o c k __ __________________ •
— 300,000.00
Surplus ______________________________
140,000.00
Undivided p ro fits _____________________
211,237.36
Total

$3,965,672.17

72

S T A T E B A N K IN G D E P A R T M E N T
No. 320.
T H E F IR S T ST A T E B A N K OF C AM D EN , C AM D EN .
Organized Au gu st 24, 1905.

B. R. A l w a r d , P resident and Chairman o f the B oard; K ay R ic e , Vice P resid en t ; Z. M. S w i f t ,

Cashier.
D ir e c t o r s .— B. R. A lw a rd , Z. M. S w ift, B. S. A lw a rd , K a y R ice, C. D. St. Joh n .

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts
$146,274.46
United States Government obligations,
direct and guaranteed
48,000.00
Obligations of States and political subdivisions
........
15,314.05
Other bonds, notes, and debentures ____
10,571.38
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection
74,578.90
Bank premises owned
1,955.45
Furniture and fixtures
1,808.36

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerDeposits of United States Government
(including postal savings)
Deposits of States and political subOther deposits
checks, etc.)

(certified

and

___

_ _

$298,502.60

196,257.77
387.14
11,714.71

officers’

Total deposits
Capital accounts:
Common stock __
Surplus
Undivided profits
Total

$58,697.43

Total

370.05
267,427.10
25,000.00
5,300.00
775.50
$298,502.60

No. 208.
C A P A C S T A T E S A V IN G S B A N K , C A P A C .
Organized June 5, 1898.
H e r b e r t C. S ie g e l , P resident and Chairman o f the B oa rd ; A l b e r t T o s o h , O. A . P r e y ,
Vice P resid en ts; W . C. S ie g e l , C ash ier; N o r m a n H . B r e n n a n , S m i t h P o w e r s , Assistant

Cashiers.
D ir e c t o r s .— Herbert C. Siegel, O. A. Prey, Geo. C. W atson, Elmer Lang, Norman H. Brennan,
Almon B. Wade, W illiam C. Siegel, Albert Tosch.

Statement December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $42.67
overdrafts) ____________
$367,209.24
United States Government obligations,
direct and guaranteed _______________
69,100.00
Obligations of States and political sub­
divisions ___---------------------------------------43,342.56
Other bonds, notes, anddebentures ____
45,540.53
Corporate stocks (Including $1,250.00
Stock of Federal Reserve Bank) ______
1,250.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
199,004.93
Bank premises owned __________________
2,500.00
Furniture and fixtures__________________
500.00

Demand deposits of individuals, partner­
ships, and corporations _ _ ___________ $173,386.86
Time deposits of individuals, partner­
ships, and corporations _____________
441,314.24
Deposits of United States Government
(including postal savings) _____
628.39
Deposits of States and political sub­
divisions ____________________________
49,137.46
Other deposits (certified and officers’
checks,, etc.) _________________________
6,945.71

Total

____________ _________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$728,447.26

Total deposits
__________________
Other liabilities ________________________
Capital accounts:
First preferred stock ____________
Common stock ________________
Surplus __ ___________________________
Undivided profits ____________________
Reserves _____________________________
Total

______________________________

671,412.66
1,323.70
10,000.00
25,000.00
6,250.00
10,332.98
4,127.92
$728,447.26

73

S T A T E B A N K S O F M IC H IG A N
No. 303.
S T A T E S A V IN G S B A N K O F C A R L E T O N , C A R L E T O N .
Organized December 1, 1904.

C. M a x w e l l , President and Chairman of the B oa rd ; E dw ar d F. K a h l b a u m , Vice
P resid en t; S pe n c e r O. R e e v e s , Second V ice P resid en t; H a r r y S. G e r m a n , C ash ier; R u t h
E. O h l e m a c h e r , A ssistant Cashier.

E d w in

D ir e c t o r s .— Edwin C. Maxwell, Edward F. Kahlbaum, Ralph A. Lucke, Spencer O. Reeves,
Chris H. Reiser, W m . H. Wagar.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $142,066.62
United States Government obligations,
40,250.00
direct and guaranteed _______________
Other bonds, notes, and debentures___
44,057.19
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
86,642.60
process of collection _________
Bank premises o w n e d ___ _______________
4,000.00
Furniture and fixtures _________________
1,000.00

Total

_____________________________

Demand deposits of individuals, partner­
ships, and corporations _ _ ____________
Time deposits of individuals, partner­
ships, and corporations ______________
Other deposits (certified and officers’
checks, etc.) _______________________
Total deposits ____________________
Capital accounts:
Common stock _______________________ _
Surplus ______________________________
Undivided profits _____________________ .
Total

$318,016.41

_____________________________

$95,259.28
187,643.42
2,417.80
285,320.50
25,000.00
6,000.00
1,695.91
$318.016.41

No. 525.
T H E P E O P L E S S T A T E B A N K O F C A R O , M IC H IG A N .
Organized Novem ber 11, 1912.
S a m u e l R. P a r k , P resid en t; A l b e r t O. P u r dy , C a r l S ie l a n d , Vice P resid en ts; M. R. S m i t h ,
C ash ier; C e c il W h i t e , A ssistant Cashier.
D ir e c t o r s .— Albert 0 . Purdy, Carl Sieland, Samuel R. Park, Robert Park, Jr., Howard H.
Purdy, Samuel Robinson, Alfred J. Purdy.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $236,309.08
United States Government obligations,
direct and guaranteed ______ .----------- — 330,953.62
Obligations of States and political sub­
divisions ______________________
21,457.72
Other bonds, notes, and debentures ___
60,487.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
574,583.81
Bank premises owned __________________
10,000.00
Other assets _______________ :----------------51,551.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $211,304.78
Time deposits of individuals, partner­
ships, and corporations ______________
715,029.60
Deposits of States and political sub­
divisions _____________________________
115,805.85
Other deposits (certified and officers’
checks, etc.) _________________________
910.92

Total

______________________________ $1,285,342.73


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits_______
1,043,051.15
Other liabilities ________________________
53,800.00
Capital accounts:
Common s to c k ________________________
75,000.00
Surplus ______________________________
75,000.00
Undivided p ro fits _____________________
20,645.94
Reserves _____________________________
17,845.64
Total

__ - __________________________ $1,285,342.73

74

S T A T E B A N K IN G D E P A R T M E N T

No. 286.
THE

STATE

S A V IN G S B A N K O F C A R O , M IC H IG A N .
Organized A p ril 27, 1904.
B ranch in Fairgrove, Michigan.

C la r e n c e R. M y e r s , P resident j R. L. D ix o n , A. D. G a l l e r y , Vice P resid en ts ,• F . B. C a m p b e l l ,
Cashier; C. A. P a l m e r , A ssistant Cashier.
D ir e c t o r s .

R. L. Dixon, A. D. Gallery, L. R. Stewart, Clarence R. Myers, O. C. Palmer,
W . H. Gunsell, P. B. Campbell.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $145.55
overdrafts) ------------------$361,719.06
United States Government obligations,
direct and guaranteed________________
66,949.21
Obligations of States and political sub­
divisions ---------------------------------------5,410.00
Other bonds, notes, and debentures___
38,193.83
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
296,149.54
20,000.00
Bank premises owned __________________
Furniture and fixtures _________________
12,000.00

Demand deposits of individuals, partner­
$212,902.29
ships, and corporations_______
Time deposits of individuals, partner­
ships, and corporations__________
396,242.84
Deposits of United States Government
(including postal savings) __________ _
1,301.42
Deposits of States and political sub­
divisions -------------------- -----------.----------84,392.60
Other deposits (certified and officers’
checks, etc.) _________________________
237.28

Total

Total deposits _______ ______ _______ 695,076.43
Capital accounts:
First preferred stock _________________
50,000.00
Common stock _______________________
60,000.00
Undivided profits _______________________
6,345.21

_ _ ------------------------------------------ $800,421.64

Total

----------------------------------------------- $800,421.64

No. 72.
T H E S T A T E B A N K O F C A R S O N C IT Y , C A R S O N C IT Y .
Organized February 14, 1887.
I r a C u m m i n g s , President and Chairman o f the B oard; E. D . L y o n , B e s s E . S o m e r s , Vice
P resid en ts; C lar e H ar de n , Cashier.
D ir e c t o r s .— Ira Cummings, Geo. K . Daniels, Bess E . Somers, E. D. Lyon, Bernard Miller,
Roy E. Warner, Clare Harden.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $4.59
overdrafts) ___
$161,710.70
United States Government obligations,
direct and guaranteed________________
100,942.25
Obligations of States and political sub­
divisions — --------------------------------------95,495.93
Other bonds, notes, and debentures___
97,108.67
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
134,387.90
Bank premises owned __________________
12,000.00
Furniture and fixtures _____ ,__________
3,000.00

Demand deposits of individuals, partner­
ships, and corporations _____________ $150,604.99
Time deposits of individuals, partner­
ships, and corporations _______ _______ 330,620.03
Deposits of States and political sub­
divisions ----- ;--------------------------------------41,360.17
Deposits of banks ___________
12,584.62
Other deposits (certified and officers’
1,335.61
checks, etc.) ---------------------------------------

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$604,645.45

Total deposits ___ „ ________________
Capital accounts:
Common stock ___________________
Surplus - _____________________________
Undivided profits _____________________
Reserves _________________________
Total

----------------------------------------------

536,505.42
35,000.00
19,000.00
4,140.03
10,000.00
$604,645.45

75

S T A T E B A N K S O F M IC H IG A N
N o. 234.
E X C H A N G E S T A T E B A N K , C A R S O N V IL L E .
Organized June 18, 1901.

H o w a r d F. O ’C on n or , P resid en t; G eorge M . D w e l l e y , V ice P resid en t; F. C. C r o r e y , C ash ier;
E lea n o r R i c h , B e s s ie M. T r ig g e r , A ssistant Cashiers.
D ir e c t o r s .— Howard F. O’Connor, George M. Dwelley, James Greenan, Thomas H . Backus,
John Cleland, George Massman, Archie Thomson.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $174.55
overdrafts) ___________________________ $126,763.25
United States Government obligations,
48,119.73
direct and guaranteed ______________
Obligations of States and political sub­
divisions _____________________________
16,726.22
Other bonds, notes, and debentures------27,044.78
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
70,749.52
Bank premises owned __________________
2,750.00
726.00
Furniture and fixtures _________________

Demand deposits of individuals, partner­
ships, and corporation s_,___________ $117,067.23
Time deposits of individuals, partner­
ships, and corporations ___
116,098.86
Deposits of United States Government
(including postal savings) ____________
6,800.00
Deposits of States and political sub­
divisions ___________________
20,080.14

T o t a l_______________________________

Total deposits ______________________
Capital accounts:
Common stock ______________
Undivided profits -----------Reserves _____________________________

260,046.23

Total _______________________________

$292,879.50

$292,879.50

25,000.00
6,633.27
1,200.00

No. 680.
T H E C A S S C I T Y S T A T E B A N K , C A S S C IT Y .
Organized June 10, 1921.
M.

B. A u t e n , P resid en t; G. A. T in d a l e , Vice P resid en t; C. M. W a l l a c e , Cashier.

D ir e c t o r s .— B. F. Benkelman, A. J. Knapp, John A . Sandham, M. B. Auten, G. A. Tindale.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $44.25
overdrafts) ___________________________ $325,049.63
United States Government obligations,
30,000.00
direct and guaranteed ______________
Obligations of States and political sub­
divisions _____
68,754.74
Other bonds, notes, and debentures------2,935.00
Corporate stocks (Including $2,400.00
Stock of Federal Reserve Bank) ____
2,400.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
89,255.77
Bank premises owned ---------------------------3,000.00

Demand deposits of individuals, partner­
$91,517.04
ships, and corporations___ — .______
Time deposits of individuals, partner­
ships, and corporations_______________
330,517.14
Deposits of States and political sub­
divisions ________________ ____ ____ 7,058.54
Deposits of banks ______________ ._______
10,000.00
Other deposits (certified and officers’
checks, etc.) _______________________________286.97

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$521,395.14

Total deposits ______________ ______ 439,379.69
Capital accounts:
Common stock __________________ ___
40,000.00
Surplus ______________________________ ■ 40,000.00
Undivided p rofits____ :________________
2,015.45
Total

$521,395.14

76

STATE BANKING D EPARTM ENT
No. 671.
T H E P I N N E Y S T A T E B A N K , C A S S C IT Y .
Organized January 12, 1921.

F r e d e r ic k H. F in n e y , P resid en t ; H. F. L e n z n e r , V ice P resid en t ;
H . V. P in n e y , A ssistant Cashier.
D ir e c t o r s .— Frederick

H.

Pinney,

Elizabeth E. Pinney,
G. H. Burke.

H.

F.

E r n e s t C r o f t , C ashier;
Lenzner,

P.

A.

Sclienck,

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $2.57
overdrafts)
--------------------------------------- $253,896.70
United States Government obligations,
direct and guaranteed
__________
86,280.00
Obligations of States and political sub­
divisions --------------------------------------------105,935.33
Other bonds, notes, anddebentures _____
34,090.00
Corporate
stocks
(Including
$2050.00
Stock of Federal Reserve B a n k )____ ___
2,050.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
175,139.15
Bank premises owned _________________
2,250.00

Demand deposits of individuals, partnerships, and corporations ______________ $105,210.10
Time deposits of individuals, partner­
ships, and corporations ______________ 444,199.14
Deposits of States and political sub­
divisions ---------------27,536.80
Other deposits (certified and officers’
checks, etc.) ------------------------------------1,356.65

Total

------------------------- ;-------------------

Total deposits _____
578,302.69
Capital accounts:
50,000.00
Common stock ________________________
Surplus ------------------------------------------------20,000.00
Undivided profits _________________
11,338.49

$659,641.18

Total

---------------------------------------------

$659,641.18

No. 421.
T H E C A S S C O U N T Y S T A T E B A N K , C A S S O P O L IS .
Organized Au gu st 27, 1908.
F red R u s s , P resid en t; S t e p h e n I. R udd , R. F. P e c k , Vice P resid en ts; W il s o n B. D e c k e r ,
C ash ier; C lyde L. C o r b it , W ar n e r G. F it z g e r a l d , A ssistant Cashiers.
D ir e c t o r s .— Stephen

I. Rudd, IT. S. Eby, R. F. Peck, J. F.
W m . H . Connelly, Fred Russ.

Ilayden,

Wilson

B.

Decker,

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $120.91
overdrafts)___ ________________________ $147,105.82
United States Government obligations,
direct and guaranteed
______
102,325.00
Obligations of States and political sub­
divisions _________
35,000.00
Other bonds, notes, anddebentures _____
20,791.30
Corporate stocks (Including $1,800.00
Stock of Federal Reserve Bank) _______
1,800.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________ , 268,343.04
Bank premises owned _______________ i__
4,800.00
Furniture and fixtures ______________
400.00
Real estate owned other than bank
premises --------------------------------------------1,514.50
Other assets ______________________ ______
602.00

Demand deposits of individuals, partnerships, and corporations _
$141,597.04
Time deposits of individuals, partner­
ships, and corporations
322,071.32
Deposits of States and political sub­
divisions _.
44,999.40
Other deposits (certified and officers’
checks, etc.)
6,759.73

Total

----------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$582,681.66

Total deposits
Capital accounts:
Common stock
Surplus
Undivided profits

Total

----------------------------------------------

515,427.49
40,000.00
20,500.00
6,754.17

$582,681.66

77

S T A T E B A N K S O F M IC H IG A N
No. 581.
T H E C E D A R S P R IN G S S T A T E B A N K , C E D A R S P R IN G S .
Organized A p ril 4, 1916.

H e r b e r t W . W h e e l e r , P re s id en t; D on ald J. R e m e r , Vice P resid en t; D ee G r is w o l d , Cashier.
D ir e c t o r s .— Lee Griswold, Donald J. Remer, Herbert W . Wheeler, Dennis D. Davis, LaVerne
Hubbard, Ena Verburg.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts __________________
United States Government obligations,
direct and guaranteed _______________
Obligations of States and political sub­
divisions _____________________________
Other bonds, notes, and debentures------Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
Bank premises owned _________________
Furniture and fixtures -------------------

$93,843.23

T o t a l_______________________________

58,372.03
14,000.00
2,950.00

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions _________

$92,651.79
123,030.08
34,460.67
250,142.54

111,130.03
4,394.22
1.00

Total deposits _____________________
Capital accounts:
Common stock _______________________
Surplus _____________________________
Undivided p ro fits_____________________

$284,690.51

T o t a l_______________________________

$284,690.51

25,000.00
8,500.00
1,047.97

No. 391.
T H E W O L F B R O S. S T A T E B A N K , C E N T R E V IL L E .
Organized M arch 26, 1968.
F rank

W o l f , P resident and Chairman o f the B o a rd ; E r n e s t
C. D. M o s h e r , Cashier.

C. E n g le , V ice P resid en t;

D ir e c t o r s .— Frank W olf, W . I. Ashley, H . C. Bucknell, F. W . Thomas, C. D. Mosher, E. C.
Engle, G. L. Thoms.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $1.68
overdrafts) ------------------------------------------ $144,587.30
United States Government obligations,
direct and guaranteed------------------------142,637.50
Obligations of States and political sub­
divisions _____________________________
22,553.47
Other bonds, notes, and debentures------16,997.85
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection---------- -----------------102,254.68
Bank premises ow n ed -----------------------------2,500.00
Furniture and fixtures ------------------- ,------1,000.00

Demand deposits of individuals, partner­
ships, and corporations------------------------ $127,236.65
Time deposits of individuals, partner­
ships, and corporations_______________
207,704.60
Deposits of States and political sub­
divisions _____________________________
26,617.17
Other deposits (certified and officers’
checks, etc.) _________________________
20,725.16

Total

______________________ !_______


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$432,530.80

Total deposits _____________________
Capital accounts:
Common s to c k _____ ,_________________
Undivided profits ------------------------------R e se rv e s __ _________________ - _______
Total

______________________________

382,283.58
30,000.00
15,044.75
5,202.47
$432,530.80

78

S T A T E B A N K IN G D E P A R T M E N T
No. 785.
THE

C H A R L E V O IX

COUNTY

S T A T E B A N K , C H A R L E V O IX .

Organized February 14, 1934.
R o ber t B r id g e , P resid en t; E . J. H il l e r , V ice P resid en t; E. D . I I a w l e y , Cashier.
D ir e c t o r s .— Robert Bridge, M. A . Levinson, E. J. Hiller, ,T. M. Foster, E. D . Hawley.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $286,971.66
United States Government obligations,
_____________
69,490.95
direct and guaranteed
Obligations of States and political sub­
divisions --------------------55,619.12
Other bonds, notes, anddebentures _____
30,848.75
Corporate stocks (Including $1,050.00
Stock of Federal Reserve Bank) _____
1,050.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
172,425.95
13,500.00
Bank premises owned _________________
Other assets ___________________________
110.88

Demand deposits of individuals, partner­
ships, and corporations ______________ $207,470.59
Time deposits of individuals, partner­
ships, and corporations ______________
280,179.36
Deposits of United States Government
(including postal savings) __________
2,431.16
Deposits of States and political sub­
divisions _______________________ :_____
96,478.27
Other deposits (certified and officers’
checks, etc.) ______________
2,169.21

Total

Total deposits ______________
Capital accounts:
Common stock _______________________
Surplus ----------------------------------------------Undivided profits ____________

---------------------------------- ------------ $630,017.31

Total

588,728.59
25,000.00
12,000.00
4,288.72

— ------------------------------- :---------- $630,017.31

No. 315.
T H E C H A R L E V O I X S T A T E S A V IN G S B A N K , C H A R L E V O I X .
Organized June 8, 1905.
H . A. C r a ig , President and Chairman of the B o a rd ; F. F. M c M i l l a n , F . S. M y e r s , Vice
P resid en ts; A. L. L iv in g s t o n , Cashier; D a l e B r a d l e y , A ss’ t Cashier.
D ir e c t o r s .— H . A. Craig, F. F. McMillan, A. L. Livingston, F. S. Myers, W m . W . Srigley.

Statement December 30, 1939.
ASSETS
Loans and discounts ___________________ $108,924.29
United States Government obligations,
direct and guaranteed _______________
63,841.88
Obligations of States and political sub­
divisions ________________________
19,291.40
Other bonds, notes, and debentures___
15,202.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
112,193.05
Bank premises ow n ed _____________ _____ ,
7,600.00
Furniture and fixtures _________________
900.00

Total

-----------------------------------------------$327,953.12


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
Demand deposits of individuals, partner­
ships, and corporations _________
Time deposits of individuals, partner­
ships, and corporations _______ :______
Deposits of States and political sub­
divisions ----------------- ---------------------Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
Common stock ____ :_________ :________
Surplus
---------------------------Undivided p ro fits_____________________
Total

----------------------------------------------

$91,447.14
115,117.88
84,956,49
3,455.54
294,977.05
25,000.00
3,500.00
4,476.07
$327,953.12

79

S T A T E B A N K S O F M IC H IG A N
No. 218.
EATON COUNTY

S A V IN G S B A N K , C H A R L O T T E .

Organized A ugust 1, 1899.
F.

H. B e a c h , P resident and Chairman of the B o a rd ; F. S. B e a c h , M. V o m b e r g , Vice P resi­
d e n ts ; P. H . B a r b e r , C ash ier; C. W . B e h r e n s , A ssistant Cashier.

D ir e c t o r s .— Albert Murray, H. T. McGrath, P. H. Barber, E. R. Boyles, M. Vomberg, F. II.
Beach, F. S. Beach, C. W . Behrens.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $18.34
overdrafts) ___________________________ $304,048.45
United States Government obligations,
direct and guaranteed-----------------82,985.94
Obligations of States and political sub. divisions -------------------- ------------------------73,810.44
Other bonds, notes, and debentures------- 115,175.00
Corporate stocks (Including $2,100.00
Stock of Federal Reserve Bank) --------2,100.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _____________ _____ 426,059.15
Bank premises owned __________________
10,000.00
Furniture and fixtures ____________
2,800.00
Investments and other assets indirectly
representing bank premises or other
788.80
real estate __________________________

Demand deposits of individuals, partner­
ships, and corporations ----------------- — $346,690.28
Time deposits of individuals, partner­
----------- :------- 512,583.95
ships, and corporations
Deposits of United States Government
(including postal savings) — ------------5,000.00
Deposits of States and political sub­
41,719.07
divisions __ __________________________
Other deposits (certified and officers’
checks, etc.) _______________ 1-------- ------25,513.40

Total

Total deposits __________________- —
Capital accounts:
Common s t o c k -------- --------------------------Surplus _______________ _—------------------Undivided profits ------------------------------Total

______________________________ $1,017,767.78

931,506.70
54,000.00
20,000.00
12,261.08

_____ - _______________________ $1,017,767.78

No. 304.
T H E C H E B O Y G A N S T A T E S A V IN G S B A N K , C H E B O Y G A N .
Organized February 11, 1905.
F red A . I I a u t , President and C ash ier; H e r b e r t D . B o c k e s , Vice P resid en t; A u r e l ie
S h i e l d s , A ssistant Cashier.
D ir e c t o r s .— Fred A .

Haut,

Otto

H. Gebhardt, Herbert
Aurelie L. Shields

D.

Bockes,

Frederick

C.

L.

Mayne,

Statem ent December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts (including $.21 over­
drafts) ------------------------------------- -------United States Government obligations,
direct and guaranteed-------- ------- ¡-—
Obligations of States and political sub­
divisions
-------------------------------- —----Other bonds, notes, and debentures ------Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _____________ :—Furniture and fixtures ------------- .-------------

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$74,488.29
157,698.64
42,200.45
70,754.00
173,883.35
1, 200.00

__ $520,224.73

Demand deposits of individuals, partner­
ships, and corporations ______________ $133,555.72
Time deposits of individuals, partner­
ships, and corporations --------------------- 296,414.60
Deposits of United States Government
(including postal savings) ------------------7,767.47
Deposits of States and political sub­
divisions -- -----------------18,685.57
Other deposits (certified and officers’
checks, etc.) _________________________
2,493.21
Total deposits _____________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ------------------------------Total

______________________________

458,916.57
40,000.00
16,000.00
6,308.16
$520,224.73

80

S T A T E B A N K IN G D E P A R T M E N T
No. 203.
CH ELSEA

STA TE B A N K , CH ELSEA.

Organized December 17, 1897.
P aul

G. S c h a ib l e , P resid en t; J o h n L. F l e t c h e r , V ice P resident and C ash ier; C a r l J.
M a y e r , P au l F. N ie h a u s , P au l C. M ah oney , A ssistant Cashiers.

D irectors .— John L. Fletcher, Otto D. Luick, A. A. Palmer, L. G. Palmer, Paul G. Schaible
Arthur J. W alz, Howard S. Holmes.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $105.59
overdrafts) __________________________ $468,049.56
United States Government obligations,
direct and guaranteed________________
295,458.00
Obligations of States and political sub­
divisions _____________________
202,961.15
Other bonds, notes, and debentures
195,201.70
Corporate
stocks
(Including $3,300.00
Stock of Federal Reserve Bank)
3,300.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _____
226,360.51
Bank premises o w n e d __
12,910.00
Furniture and fixtures _________________
2,250.00
Real estate owned other than bank
premises ___________ ______
6,364.14
Other assets ________________
5,835.56

Demand deposits of individuals, partnerships, and corporations ______________ $283,784.78
Time deposits of individuals, partner­
ships, and corporations____ _________
913,981.03
Deposits of States and political sub­
36,148.01
divisions --------------------------Other deposits (certified and officers’
checks, etc.) --------------------1,521.55

Total

1,235,435.37
Total deposits -----------------Capital accounts:
Common stock -----------------------------------55,000 00
Surplus ----------------------------------------------55,000.00
Undivided profits ------------------------------48,255.25
Reserves --------------------------------------------25,000.00

$1,418,690.62

Total

$1,418,690.62

No. 235.
THE

C H E S A N IN G

S T A T E B A N K , C H E S A N IN G .

Organized M ay 17, 1901.
G eo . M. P e e t , Chairman o f the Board.
C la r e n c e

W.

S c h a f e r , P resid en t; F r a n k
H o p k i n s , C a sh ier; C h a r l e s

A. G r e e n f e l d e r , Vice P re s id en t;
S. H a r m o n , A ssistan t Cashier.

F lo yd

M.

D ir e c t o r s .- Albert R. Babion, Charles W . Cheeney, J. Lawrence Cowman, Edward F Evarts
Frank A. Greenfelder, Geo. M. Peet, Clarence W . Schafer, Frank J. Stevens.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts___ ________________ $356,300.00
United States Government obligations,
direct and guaranteed _______________
311,192.07
Obligation of States and political sub­
divisions --------------------------------------------10,485.10
Other bonds, notes, and debentures ____
85,638.43
Corporate stocks (Including $2,650.00
Stock of Federal Reserve Bank) _____
2,650.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
217,255.11
Bank premises owned __________________
18,678.24
Furniture and fixtures _________________
848.05

Demand deposits of individuals, partnerships, and corporations ______________ $240,840.09
Time deposits of individuals, partner­
ships, and corporations ____________
586,947.46
Deposits of States and political sub­
divisions --------------------------------------------54,500.09
Deposits of banks ______________________
40.08
Other deposits (certified and officers’
checks, etc.) _________________________
4,680.97

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,003,047.00

Total deposits ---------------------------------887,008.69
Capital accounts:
Common stock _______________________
64,300.00
Surplus ----------------------------------25^000.00
Undivided profits ____________________
6,101.15
Reserves -----------------------------------------------2o]637.16
Total

$1,003,047.00

S T A T E B A N K S O F M IC H IG A N

81

No.- 424.
T H E C IT IZ E N S S T A T E B A N K O F C L A R E , C L A R E .
Organized December 22, 1908.
J am es

D r . A . E . M uld er , Chairman o f the Board.
S. B i c k n e l l , President ; .T. S t u a r t B ic k n e l l , Vice President ; M a r k H. B i c k n e l l ,
C ashierj T h eo W e l l in g t o n , C l ar en c e L in d e m u l d e r , A ssistant Cashiers.

D ir e c t o r s .— James

S. Bicknell, Dr. A . E . Mulder, W m . H. Bicknell, Mrs. A . E . Mussell,
J. Stuart Bicknell, Mark H . Bicknell.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $173.19
overdrafts) __________________________ $594,252.26
United States Government obligations,
direct and guaranteed________________
79,935.42
Obligations of States and political sub­
divisions --------------------------------------------37,167.69
Other bonds, notes, and debentures
_
52,222.20
Corporate stocks
(Including $2,750.00
Stock of Federal Reserve B a n k )______
2,750.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
280,041.06
Bank premises owned _________________
24,000.00
Furniture and fixtures _________________
6,300.00
Real estate owned other than bank
premises --------------------------------------------4,699.00

Demand deposits of individuals, partner­
ships, and corporations_______________ $274,794.17
Time deposits of individuals, partner­
ships, and corporations ______________
616,797.38
Deposits of States and political sub­
divisions _____________________________
74,070.53
Deposits of banks ______________________
5,000.00
Other deposits (certified and officers’
checks, etc.) _________________________
1,834.23

Total

Total deposits______________________
Other liabilities ___________________
Capital accounts:
First preferred stock _________
Common stock _______________________
Surplus ______________________________
Undivided profits _______________

---------------------------------------------- $1,081,367.63

Total

972,496.31
1,836.25
50,000.00
25,000.00
25,000.00
7,035.07

------------------------------- _------------- $1,081,367.63

No. 540.
CLARKSTON STATE BAN K, CLARKSTON.
Organized October 31, 1913.
G eorge D.

T h o s . J. F o l e y , Chairman o f the Board.
K in g , P resid en t ; R . C. A i n s l e y , V ice P resid en t ; R o ber t L .
R ic h a r d T . B u l l e n , A ssistant Cashier.

J ones,

C ashier;

D ir e c t o r s .— Thos. J. Foley, G. A . W alter, George D . King, C. G. Waterbury, John L. Estes,
R. C. Ainsley.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $25.03
overdrafts) __________________________ $316,526.63
United States Government obligations,
direct and guaranteed____________
95,032.59
Obligations of States and political sub­
divisions ___
75,341.33
Other bonds, notes, anddebentures_____
57,328.50
Corporate stocks
(Including $1,050.00
Stock of Federal Reserve B a n k )_______
1,050.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _____________________ 188,367.39
Bank premises owned _________________
11,700.00
Furniture and fixtures _________________
2,700.00

Demand deposits of individuals, partner­
ships, and corporations_______________ $224,645.37
Time deposits of individuals, partner­
ships, and corporations_______________
396,846.94
Deposits of States and political sub­
divisions ___ ________________ „ _______
59,406.76
Deposits of banks ___
5,000.00
Other deposits (certified and officers’
checks, etc.) _________________________
10,985.90

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$748,046.44

Total deposits______________________
Other liabilities ________________________
Capital accounts:
Common stock _____ ._________________
Surplus _____________
Undivided p ro fits_____________________
Reserves ___
Total

696,884.97
2,237.27
25,000.00
12,500.00
9,424.20
2,000.00

---------------- ------------------------------ $748,046.44

82

S T A T E B A N K IN G D E P A R T M E N T
No. 486.
T H E E D W I N N A S H S T A T E B A N K , C L A R K S V IL L E .
Organized June 5, 1911.

L e w is

A.

M i c k , P resid en t;

C lau d S c o v il l e ., V ice P resid en t;
L y n n e N a s h , A ssistant Cashier.

A.

H.

J o h n so n ,

C ashier;

D ir e c t o r s .— Lewis A. Mick, Claud Scoville, Elmer W iney, Fred W agner, Clarence E. W iney.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $2.93
ov erd ra fts)__ :________________________
United States Government obligations,
direct and guaranteed________________
Obligations of States and political sub­
divisions _____________________________
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
Bank premises owned __________________
Furniture and fixtu res_________

Total

$84,036.27
44,500.00
20,415.00
12,402.50
32,107.03
1,600.00
400.00

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations _____________
Deposits of States and political sub­
divisions ___________
Other deposits (certified and officers’
checks, etc.) _________________________

$19,628.98
130,803.53
12,772.03
604.43

Total deposits______________________
Other liabilities_____ ______
Capital accounts:
Common stock _______________________
Undivided profits ____________________
Reserves ____________________________

163,808.97
1,261.99

______________________________

$195,460.80

----------------------------------------- ___ $195,460.80

Total

25,000.00
3,198.84
2,191.00

No. 616.
S T A T E S A V IN G S B A N K O F C L IN T O N , C L IN T O N .
Organized June 26, 1918.
L e a n d er W . K i m b a l l , Chairman o f the Board.
W i l l i a m P. V a n T u y l e , President and C ash ier; C l a r e L. K i m b a l l , Vice P re s id en t; A n d re w
W oodw a rd , A ssistan t Cashier and S ec r e ta r y ; H e l e n S i m m o n s , A ssistant Cashier and

Auditor.
D ir e c t o r s .— Leander W . Kimball, Clare L. Kimball, Harvey C. Emery, Andrew Woodward,
W illiam P. VanTuyle.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts____________________ $202,745.21
United States Government obligations,
direct and guaranteed _______________
79,858.60
Other bonds, notes, and debentures____
26,540.45
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
132,746.20
Bank premises owned __________________
5,000.00
Furniture and fixtures _________________
892.20
Other assets __________________________
156.12

Demand deposits of individuals, partner­
ships, and corporations _________ ,____ $203,820.83
Time deposits of individuals, partner­
ships, and corporations _______________
141,416.22
Deposits of United States Government
(including postal savings) __________
292.28
Deposits of States and political sub­
divisions _____________________________
23,634.35
Other deposits (certified and officers’
checks, etc.) _________
221.59
Total deposits______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$447,938.78

Total

369,385.27
50,000.00
13,000.00
8,553.51
7,000.00

--------------------------------- ------------- $447,938.78

S T A T E B A N K S O F M IC H IG A N

83

No. 483.
T H E C L IO S T A T E B A N K , C L IO .
Organized M ay 18, 1911.
M. C. D o y l e , P re s id en t; F. M. H o u g h t o n , Vice P resid en t; H o lla n d F . C o v e r t , C ash ier;
B e l l e M. C u r t is , A ssistant Cashier.
D ir e c t o r s .— M. C. Doyle, Fred M. Houghton, Ernest Tisdale, Fred Green, Hugh McCormick,
E.
L. Powers, Arthur J. Schaupp, Glen E. Garner, Jack J. Lande.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $.91
overdrafts) ___________________________ $249,319.60
United States Governmentobligations,
direct and guaranteed________,________
93,756.03
Obligations of States and political sub­
divisions ____________
25,853.10
Other bonds, notes, and debentures ____
31,137.27
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
103,866.25
7,500.00
Bank premises owned __________________
Furniture and fixtures ________ i _______
2,250.00
Other assets____________________________
44.41

Time deposits of individuals, partner­
ships, and corporations ______________ $115,780.85
Demand deposits of individuals, partner­
ships, and corporations__ ____________ 284,443.50
Deposits of United States Government
(including postal savings) ____________
2,093.98
Deposits of States and political sub­
44,459.45
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
5,802.87

Total

----------------------------------------------

Total deposits _____________________
Other liabilities _______________________
Capital accounts:
First preferred s t o c k _________________
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Total

$513,726.66

______________________________

452,580.65
1,175.35
25,000.00
25,000.00
2,375.00
7,595.66
$513,726.66

N o. 104.
T H E B R A N C H C O U N T Y S A V IN G S B A N K , C O L D W A T E R .
Organized September 20, 1890.
Branch in Reading, Michigan.
C h a s . A . C on over , P resid en t; H . L . V an D ü s e n , E xecu tive V ice P resid en t; M. T . S h a w ,
O. W . H o l m e s , Vice P resid en ts; R o l p h J. C a r l is l e , C ash ier; L l o yd L u c e , A ssistant
C ash ier; E d w . L . D oe , Manager Reading Branch.
D ir e c t o r s .— G. S. Coffman, Chas. A. Conover, A. G. Morency, M. T . Shaw, S. E. Weage,
Jay Bender.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $311.22
overdrafts) ___________________________ $872,959.70
United States Government obligations,
direct and guaranteed _______________
254,189.14
Obligations of States and political sub­
divisions ______________________________ 213,244.75
Other bonds, notes, and debentures ____ 186,840.06
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_______________
403,522.29
Furniture and fixtures__________________
5,890.00
Real estate owned other than bank
premises _____________________________
14,750.00
Other assets ___________________________
207.80

Demand deposits of individuals, partner­
ships, and corporations ______________ $633,948.90
Time deposits of individuals, partner­
ships, and corporations_______________
932,911.71
Deposits of States and political sub­
divisions __________________________ ■
__
167,971.90
Other deposits (certified and officers’
checks, etc.) _______ __________________
8,543.92

-Total

____ _____________ ___________ $1,951,603.74


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits______________________ 1,743,376.43
Capital accounts:
First preferred stock _______________
69,000.00
Common s to c k ________________________
75,000.00
Surplus ______________________________
30,000.00
Undivided profits ____________________
27,651.81
Reserves _______________________
6,575.50
Total

______________________________ $1,951,603.74

84

S T A T E B A N K IN G D E P A R T M E N T
No. 292.
THE

STATE B AN K

OF COLEM AN, COLEM AN.

Organized June 1, 1904.
C. II. M a c o m b e r , President ; E. ,T. A l l e n , Vice President ; R o bert A.
N eva D. M y e r s , A ssistant Cashier.

M urphy,

D ir e c t o r s .— Robert

Allen

A.

M u rphy,

C.

II. Macomber, E. ,T. Allen,
Simons, A. F. Black.

Nettie

C ashier;

Bott,

E.

R.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ______
$163,739.62
United States Government obligations,
direct and guaranteed
_____
129,228.14
Other bends, notes, and debentures ____
1,180.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
96,628.58
6,500.00
Bank premises owned ________
Furniture and fixtures
______
2,000.00
Real estate owned other than bank
premises ....------------------------------------------3,635.44
Other assets __________________________
50.00

Total

----------------------------------------------

Demand deposits of individuals, partnerships, and corporations _______
Time deposits of individuals, partner­
ships, and corporations ______
Deposits of States and political sub­
divisions ... ___________________
Other deposits (certified and officers’
checks, etc.) _________________________

$90,182.13
220,011.25
33,798.65
1,138.02

Total deposits _______________ , ____
345,130.05
Other liabilities _______ 1_______ 1____;___
1,250.00
Capital accounts:
First preferred stock _________________
12,000.00
Common stock _______________________
20,000.00
17,000.00
Surplus _________________________
Undivided profits ______________________
4,581.73
Reserves _______________________________
3,000.00

$402,961.78

Total

______________________________

$402,961.78

No. 442.
T H E ST A T E B A N K OF COLOM A, COLOM A.
Organized October 28, 1909.
F red W . C o c h r u n , P resid en t; B urr B a r t r a m , G e o . R. D a t e r , H arold E. L y o n , Vice P resi­
d e n ts ; C ora A. F u r m a n , C a sh ier; R ooese M a r t in , A ssistant Cashier.
D ir e c t o r s .— Burr Bartram,

Fred W . Coclirun, Geo. R. Dater, Harold E.
Baker, Henry Bittner.

Lyon,

Allen

W.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________
$189,369.00
United States Governmentobligations,
direct and guaranteed
___
22,500.00
Obligations of States and political sub­
divisions ___ . _______ _ _____ _______
194,713.17
Other bonds, notes, and debentures ___
11,537.50
Corporate stocks
(Including $1,350.00
Stock of Federal Reserve Bank) _____
1,350.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
106,338.23
Bank premises owned _______
12,500.00
Furniture and fixtures _________________
4,031.08

Demand deposits of individuals, partner­
$179,632.43
ships, and corporations ________
Time deposits of individuals, partner­
ships, and corporations __ ____
252,581.39
Deposits of United States Government
(including postal savings) __ _____ _
868.63
Deposits of States and political sub­
divisions ------- _
________ _____
59,941.49
Other deposits (certified and officers’
checks, etc.) --------------------------------------938.35

Total

_____________ ________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$542,338.98

Total deposits________ _____________
Capital accounts:
First preferred stock _________________
Common s to c k ________________
Surplus ______
Undivided profits _____________________
Reserves --------------------------------------------Total

----------------------------------------------

493,962.29
18,000.00
25,000.00
2,000.00
1,376.69
2,000.00
$542,338.98

85

S T A T E B A N K S O F M IC H IG A N
No. 427.
E. H I L L A N D SO N S S T A T E B A N K , C O LON .
Organized M arch 11, 1909.
G r a n t E. F a r r a n d , P resid en t ; S u san V . H i l l , Vice P resid en tj E d w in J. H
J o h n A . K a r c h n e r , E va I. H i l l , A ssistant Cashiers.
D ir e c t o r s .-—Roy

J. Bartholomew, Charles G. Correll. Grant E. Farrand,
Susan V. H ill, Frank D. Lamberson, Amelia H. Tenney.

il l ,

C ashier;

Edwin

J. H ill,

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $2.42
overdrafts) ___________________________ $308,532.60
United States Governmentobligations,
direct and guaranteed
___ ______ _
63,200.00
Obligations of States and political sub­
divisions _______
21,180.00
Other bonds, notes, anddebentures_____
13,622.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection____ _____________
87,041.47
Bank premises owned __________________
11,400.00

Demand deposits of individuals, partner­
ships, and corporations_____________ $133,373.36
Time deposits of individuals, partner­
ships, and corporations__ — — ^ —
266,204.87
Deposits of States and political sub­
divisions _____________________ _______
40,549.24

Total _______________________________

Total deposits ______________ - ___
Capital accounts:
First preferred stock _______________
Common stock _______________________
Undivided p ro fits __________

440,127.47

T o t a l_______________________________

$504,976.07

$504,976.07

27,000.00
30,000.00
7,848.60

No. 32.
T H E FA R M E R S ST A T E B A N K OF CONCORD, CONCORD.
Organized November 20, 1886.
C. S. A l l e n , Chairman o f the B oa rd ; F . S. T u t h i l l , P resid en t; D w i g h t A. A l d r ic h , F . C.
Y oung , Vice P resid en ts; D ean G. T odd , C a sh ier; O veda R . C o o k , A ssistant Cashier.
D ir e c t o r s .— C. S. Allen, F. S. Tuthill, Dwight A. Aldrich, F. C. Young.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $28.13
overdrafts) ____________________
$316,395.88
United States Government obligations,
direct and guaranteed _______
12,500.00
Obligations of States and political sub­
divisions ______ : ------ ------------------------12,000.00
Other bonds, notes, and debentures
.._
20,460.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
109,063.16
process of collection _____________
Bank premises owned __________________
3,840.00
Furniture and fixtures -----1,687.15

Demand deposits of individuals, partnersh'ps, and corporations ______________ $123,580.89
Time deposits of individuals, partner­
ships, and corporations ______________
241,928.57
Deposits of States and political sub­
divisions _____________________________
44,438.13
Deposits of banks — - _ _ _ ----- —------------17,500.00
Other deposits (certified and officers’
checks, etc.) ______________________________ 7,456.09

Total

______ - ______________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$475,946.19

Total deposits _________________
Capital accounts:
Common stock _______________________
Surplus __________:___________________
Undivided profits _____________________
Total

______________________________

434,903.68
25,000.00
10,000.00
6,042.51
$475,946.19

86

S T A T E B A N K IN G D E P A R T M E N T

No. 174.
F IR S T

C O M M E R C IA L

S A Y IN G S

BANK

OF

C O N S T A N T IN E ,

C O N S T A N T IN E .

Organized June 22, 1894.
Branch in W h ite Pigeon, Michigan.
W m . H . S m i t h , Chairman o f the B o a rd ; E d . R o d e r ic k , P re s id en t; E. L. E s t e s , E xecu tive
V ice P resid en t; F r a n k W o l f , V ice P re s id en t; M. H . B e n n e t t , C ash ier; M. S. D ic k e r s o n ,
A ssistan t C a sh ier; G ra c e E. G il m o r e , Branch Manager.
D ir e c t o r s .— W m . H.

Smith, Frank W olf, C. A. Brody, Ed. Roderick, E. L. Estes, F. W .
Thomas, E. C. Engle, J. J. Davis.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $6.50
overdrafts) ____
$145,925.84
United States Government obligations,
direct and guaranteed________________
374,599.54
Obligations of States and political sub­
divisions _____________________________
26,513.91
Other bonds, notes, and debentures___
20,979.30
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ____________ .____
122,717.22
Bank premises ow n e d __________________
10,376.86
Furniture and fixtures _________________
5,180.00

Demand deposits of individuals, partner­
ships, and corporations _____ :___ ____ $216,882.22
Time deposits of individuals, partner­
ships, and corporations ______________
338,899.19
Deposits of United States Government
(including postal savings) ___
1,456.69
Deposits of States and political sub­
divisions _________________________
63,637.02
Other deposits (certified and officers’
checks, etc.) _________________________
7,583.79

Total

______________________________

Total deposits _____________________
Other liabilities _____________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits --------------------------------Total

$706,292.67

______________________________

628,458.91
509.32
51,000.00
12,000.00
14,324.44
$706,292.67

No. 281.
C O O P E R S Y IL L E S T A T E B A N K , C O O P E R S V IL L E .
Organized September 29, 1903.
T r u m a n H . L i l l i e , P resid en t; L. D . M i l l s , V ice P resid en t; C. L eo V a n F r a n k , C ash ier;
P a u l H a h n , A ssistan t C a sh ier; W a y n e C. M u r r a y , Auditor.
D ir e c t o r s .— Truman H . Lillie, L. D. Mills, Ellis P. Lillie, Leo C. Lillie, Geo. F. Easton,
Bernie J. Lemmen, Vernon J. Tasker, John N. Wenger, C. Leo VanFrank.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $44.59
overdrafts) ___________________________ $262,751.93
United States Government obligations,
direct and guaranteed _______________
51,980.49
Obligations of States and political sub­
divisions _____________________________
131,261.42
Other bonds, notes, and debentures____
73,473.68
Corporate stocks (Including $1,750.00
Stock of Federal Reserve B a n k )______
1,750.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _____________
196,188.53
Bank premises owned __________ >— _— _
3,000.00
Furniture and fixtures _______________
2,247.95
Other assets ___________________________
152.18

Demand deposits of individuals, partner­
ships, and corporations_______________ $115,234.30
Time deposits of individuals, partner­
ships, and corporations_______________
491,850.52
Deposits of States and political sub­
divisions __________________
43,545.53
Deposits of b a n k s ----- ------------------10,000.00
Other deposits (certified and officers’
checks, etc.) ___________
2,320.37

Total

________________ ;_____________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$722,806.18

Total d eposits____ _____ _____________
Capital accounts:
First preferred stock ________________ ,,
Common stock _______________________
Surplus ______________________________
Undivided p ro fits ___________________—
R eserves________________________
Total

______________________________

662,950.72
10,000.00
40,000.00
8,000.00
1,105.46
750.00
$722,806.18

87

S T A T E B A N K S O F M IC H IG A N
No. 339.
TH E OLD CORUNNA STATE BAN K , CORUNNA.
Organized M ay 5, 1906.

E. T. S id n e y , P resid en t; J o s e p h H. C o l l in s , V ice P re s id en t; F. L. B r o o k s , C a sh ier; R. D.
H a r m o n , A ssistant Cashier.
D ir e c t o r s .— E. T. Sidney, Jos. H . Collins, Frank R. Gilna, H. A. Allan, W . F. Gallagher.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $125.71
overdrafts) ____________________________ $388,230.38
United States Government obligations,
direct and guaranteed _______
196,516.00
Obligations of States and political sub­
89,438.48
divisions _____________________________
Other bonds, notes, and debentures
110,847.50
Corporate stocks (Including $2,400.00
Stock of Federal Reserve Bank) _____
2,400.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
275,299.44
Bank premises o w n e d ___ _______________
15,000.00
Furniture and fixtu res____ _____________
1,000.00
Real estate owned other than bank
premises .______________________
900.00
Other assets ___________________________
1,549.39

Demand deposits of individuals, partner­
ships, and corporations ______
$252,110.97
Time deposits of individuals, partner­
ships, and corporations ________
648,577.63
Deposits of States and political sub­
divisions _____________________________
81,082.23
Other deposits (certified and officers’
checks, etc.) _________________________
4,925.57

Total

Total deposits _________
Capital accounts:
Common stock ____________ :__________
Surplus ______________________________
Undivided profits ____________________

---------------------------------------------- $1,081,181.19

Total

986,696.40
40,000.00
40,000.00
14,484.79

---------------------------------------------- $1,081,181.19

No. 182.
STATE B AN K OF CRO SW ELL, CRO SW ELL.
Organized Novem ber 15, 1895.
M e l v in

H.

A i t k i n , P resid en t;

H . W . W i x o n . Vice P resid en t; F r a n k L.
P resident and C ash ier; M . K . D a v i s , A ssistan t Cashier.

F enton,

Vice

D ir e c t o r s .— Melvin H. Aitkin, H. H. Learmont, Frank L. Fenton, S. B. Straffon, Herbert
Paton, Sr., F. M . Sturtridge.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $2.55
overdrafts) ______________
$118,913.66
United States Government obligations,
direct and guaranteed___ ,____________
276,932.77
Obligations of States and political sub­
divisions ____ ___________ , ____________
169,924.13
Other bonds, notes, and debentures ____
144,074.19
Corporate stocks
(Including $2,200.00
Stock of Federal Reserve B a n k ) __ __
2,200.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_____________________ 274,754.88
Bank premises owned ____________ , ____
12,500.00
Furniture and fixtures ___________ ______
1,500.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $207,566.43
Time deposits of individuals, partner­
ships, and corporations _______ :______
656,858.77
Deposits of States and political sub­
divisions ____________________________
52,737.21
Other deposits (certified and officers’
checks, etc.) _________________________
4.60

Total

---------------------------------------------- $1,000,799.63


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits________
Capital accounts:
Common stock _______________________
Undivided profits ____________________
Total

917,167.01
72,300.00
11,332.62

---------------------------------------------- $1,000,799.63

88

S T A T E B A N K IN G D E P A R T M E N T
No. 568.
TH E STATE B AN K OF CRYSTAL, CRYSTAL.
Organized Au gu st 26, 1915.

A lv a L a S a l l e , P resid en t; E. E. S t e e r e , Vice P resid en t; E a r l J. F r o st , C ash ier; L a V erne
F r o s t , A ssistant Cashier.
D ir e c t o r s .— C. DeYoung, Alva LaSalle, Z. D. Eule, E. R. Steere, Ira Cummings.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $108,175.50
United States Government obligations,
direct and guaranteed __________
121,396.31
Obligations of States and political sub­
divisions --------------------------------------------65,910.82
Other bonds, notes, and debentures____
104,871.21
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ____________ ,____
77,881.29
5,000.00
Bank premises owned __________________
Furniture and fixtures ______________ !__
3,000.00

Total

Demand deposits of individuals, partner­
ships, and corporations __________ ■___
Time deposits of individuals, partner­
ships, and corporations_____________
Deposits of States and political sub­
divisions --------------------------------------------Deposits of banks ______________________
Total deposits ______________________
Capital accounts:
First preferred stock
_______________
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves ___________________________

----------- ---------------------------------- $486,235.13

Total

______________________________

$84,083.51
276,631.67
62,865.50
10,000.00
433,580.68
15,000.00
20,000.00
10,000.00
1,999.15
5,655.30
$486,235.13

No. 176.
D A V I S O N S T A T E B A N K , D A V IS O N .
Organized December 23, 1894.
I.

J. B e r r y , P resid en t; A.

D ir e c t o r s .

S. H a r r is o n , V ice P resid en t; H. P. H o l s e r , C a sh ier; E.
U h l in g e r , A ssistant Cashier.

H.

I. J. Berry, S. T. H all, A. S. Harrison, C. E. Leach, Grant Stimson, J. M. VanBuskirk, C. A. Uptegraff, Archie Forsyth, H. P. Holser.

Statem ent December 30, 1939.
ASSETS
Loans and discounts ___________________ $139,356.43
United States Government obligations,
direct and guaranteed ________________
114,667.28
Obligations of States and political sub­
divisions ----------- :_____________________
54,147.88
Other bonds, notes, and debentures____
79,133.83
Corporate stocks
(Including $1,650.00
Stock of Federal Reserve Bank) ____
1,650.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
149,066.27
Bank premises owned _________________
4,000.00
Furniture and fixtures _________________
1,604.85

Total

----------------------------------------------- $543,626.54


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
Demand deposits of individuals, partner­
ships, and corporations ______________ $134,895.35
Time deposits of individuals, partner­
ships, and corporations ______________ 302,703.85
Deposits of States and political sub­
divisions -----------------------------------------------41,313.04
Other deposits (certified and officers’
checks, etc.) __________________ ;______
4,341.42
Total deposits ________
Capital accounts:
Common stock _______________________
Surplus ----------------------------------------------Undivided profits _____________
Reserves ________________________
Total

----------------------------------------------

483,253.66
50,000.00
5,000.00
4,395.30
977.58
$543,626.54

S T A T E B A N K S O F M IC H IG A N

89

No. 102.
T H E F IR S T STA TE B A N K OF D E C A T U R , D E C A T U R .
Organized A u gu st 15, 1890.
E.

E. C o p l e y , P resident and Chairman o f the B oard; B e l l e A. B a k e r , Vice P resid en t; E. E.
C o p l e y , C ash ier; J. K . S h a n a h a n , A ssistant Cashier.

D ir e c t o r s .— Belle A . B aker, E. E. Copley, M a rg aret Copley, D. J. Pox, Robert Rudzindki.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $25.06
overdrafts) _________________
$235,203.16
United States Government obligations,
direct and guaranteed
____
200,208.92
Obligations of States and political sub­
divisions ________________________
49,902.94
Other bonds, notes, and debentures ____
34,883.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
191,268.30
7,000.00
Bank premises ow n ed ___________________
Furniture and fixtures _________________
3,000.00
Real estate owned other than bank
prem ises______________________________
4,000.00

Demand deposits of individuals, partner­
ships, and corporations__ :___________ $211,606.77
Time deposits of individuals, partner­
ships, and corporations_______________
393,908.03
Deposits of States and political sub­
divisions _________________________ :___
41,720.35
Other deposits (certified and officers’
checks, etc.) _________________________
1,528.80

T o t a l_______________ _______________

Total deposits ______________________
648,763.95
Capital accounts:
First preferred stock ___________________
10,000.00
Common stock _________________________
40,000.00
12,000.00
Surplus __________ .___________________
Undivided p ro fits_______________________
14,702.87
T o t a l_______________________________

$725,466.82

$725,466.82

No. 335.
T H E D E E R F IE L D

S T A T E B A N K , D E E R F IE L D .

Organized M arch 10, 1906.
A r t h u r J. I ngold , P resid en t; G u y H . R o b e r t s , V ice P resid en t; F red W . K in g , Cashier.
D ir e c t o r s .— Guy II. Roberts, Arthur J. Ingold, Fred Gerber, James Stull, Col. John G. Ingold,
Guy M. Claflin.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $205,812.21
United States Government obligations,
direct and guaranteed _______
13,000.00
Obligations of States and political sub­
divisions ____________________________
10,800.00
Other bonds, notes, and debentures ___
10,830.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ____________
103,326.49
Bank premises owned __________________
2,000.00
Furniture and fixtures ___________ ._____
2,150.00
Real estate owned other than bank
premises ______________
10,947.00
303.96
Other assets __________________________

Total

______________________ _____


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$359,169.66

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions ____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits _____________________
Other liabilities ____________
Capital accounts:
First preferred stock _________________
Common s to c k ____________________ _—
Surplus ________________________
Undivided p ro fits_____________________
Reserves ___________
Total

______________________________

$92,448.44
199,161.18
22,820.80
310.88
314,741.30
348.25
19,900.00
20,000.00
100.00
780.11
3,300.00
$359,169.66

90

S T A T E B A N K IN G D E P A R T M E N T
N o. 301.
’

TH E DELTON STATE BANK, DELTON.
Organized Novem ber 3, 1904.

F red O. H u g h e s , P resid en t; J e n n ie H u g h e s A l d r ic h , V ice P resid en t; M. G. R e y n o l d s ,
C a sh ier; J e n n ie H u g h e s A l d r ic h , Secretary of Board.
D ir e c t o r s .— George D. Dostor,

Silas S. Doster, Fred O. Hughes, Jennie Hughes Aldrich,
M. G. Reynolds.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (Including $82.67
overdrafts) ____
$234,228.26
United States Government obligations,
direct and guaranteed _______________
101,000.00
5,000.00
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
164,083.78
Bank premises owned __________________
7,266.21
1,549.51
Furniture and fixtu res_____ _____ ___ _
Real estate owned other than bank
premises --------------------------------------------4,062.78

Total

----------------------------------------------

$517,190.54

Demand deposits of individuals, partner­
ships, and corporations______ _________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions __
Other deposits (certified and officers’
checks, etc.) _’_______ !________________
Total deposits ______________________
Capital accounts:
First preferred stock ____________ 1___
Common s to c k ________________________
Surplus ----------------------------------------------Undivided p ro fits_____________________
Reserves _____________________________
Total

$92,285.31
341,480.62
25,165.07
2,027.52
460,958.52
5,900.00
20,000.00
14,100.00
15,532.02
700.00

----------------------------------------------- $517,190.54

B A N K E R S T R U S T C O M P A N Y O F D E T R O IT , D E T R O IT .
Organized A p ril 26, 1917.
O t t o G. W is m e r , P resid en t; G e o . V . N. L o t h r o p , A l l e n C r a w f o r d , V ice P resid en ts; R a l p h
N ix o n , V ice P resident and S ecreta ry ; O l in H . W y m a n , T rea su rer; A . B. F a u s e r , A . F.
D o w d , A ssistant S ecreta ries; N e l so n F. A d a m s , Trust Officer; H a r r y A . M il l a r d , A ssistant

Trust Officer.
D ir e c t o r s .— John C. Bills, Frank C. Cook, Frank D . Eaman, George V. N. Lothrop, Ralph
Nixon, Robert Shiell, Nelson F. Adams, Otto G. Wismer, Arthur Webster, J. Griffith Hays,
Earl I. Heenan, Arthur A. Prabel, John Endicott, Kenneth L. Moore, Richard S. Hickey.

Statem ent December 30, 1939.
ASSETS

LIABILITIES

Loans _________________________________ $393,716.39
Advances to trusts _____________________
38.49
United States Government obligations,
direct and fully guaranteed _________
229,726.55
Other bonds, stocks and securities______
79,815.23
Cash, and balances with designated de­
positaries, fiduciary fu n d s ____________
448,880.12
Cash, and balances with other deposi­
taries, company fu n d s ________________
142,905.76
Banking h o u s e ________ :________________
98,000.00
Furniture and fixtures _________________
2,000.00

Fiduciary funds _________ !______________ $448,880.12
Other liabilities _______ ____ :_____ _____
14,345.73
Capital account:
Common stock _____________ __________ 500,000.00
Surplus _______________________ :______
250,000.00
Undivided profits ______________ , _____
179,356.69
Reserve for contingencies______ '______
2,500.00

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,395,082.54

Total, including capital a c c o u n t__ $1,395,082.54

91

S T A T E B A N K S O F M IC H IG A N
N o. 580.
C O M M O N W E A L T H B A N K , D E T R O IT .
Organized A p ril 12, 1916.
Tw enty-One Branches.

P r a n k W o l f , P resid en t; F red H . T a l b o t , W m . W . S m i t h , T. A l l a n S m i t h , P ic e P resid en ts;
H o w a r d P. P a r s h a l l , E xecu tive Vice P resident and Cashier ; A r t h u r O. D a h l s t r o m ,
D o n a l J e n k i n s , A l e x R. B l a c k l o c k , A ssistant V ice P resid en ts ; S. E rle M il n e , T h o m a s
W . C u r r ie , C. R o bert A rg u e , D a r r r e l l G. E n s ig n , R. P . T h o m p s o n , A ssistant C ash iers;
H . A rn old S h r in e r , Auditor.
D ir e c t o r s .— Prank H. Alfred, David H . Barnett, Prank G. Baxter, James B. Bradley, Alex­
ander Freeman, John S. Haggerty, H . W m . Klare, Dean Lucking, H . P. Parshall, W m . W .
Smith, Fred H. Talbot, Frank W olf, J. Lynee McKee, Frank J. Shader.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $694.85
overdrafts) __________________________ $14,435,242.19
United States Government obligations,
direct and guaranteed _____ _________ 33,763,543.12
Obligations of States and political sub­
divisions _____________________________ 2,249,685.12
233,965.93
Other bonds, notes, and debentures____
Corporate stocks ______________ ,_______
25,663.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________ 20,352,569.20
Bank premises owned __________________
481,180.84
Furniture and fixtures _________________
72,400.89
Real estate owned other than bank
premises _____________________________
197,702.89
360,873.62
Other assets ___________________________

Demand deposits of individuals, partner­
ships, and corporations _____________ $20,262,192.21
Time deposits of individuals, partner­
ships, and corporations _____________ 32,280,104.01
Deposits of States and political sub­
divisions _____________________________ 10,052,061.94
Deposits of banks _______________________ 1,614,191.43
Other deposits (certified and officers’
checks, etc.) _________
1,245,800.70

T o t a l______________________________ $72,172,826.80

T o t a l______________________________ $72,172,826.80

Total deposits _____________________ 65,454,350.29
Other liabilities ________________________
663,012.57
Capital accounts:
First preferred stock ________
1,700,000.00
Common stock _______________________ 2,000,000.00
Surplus _______ __1__________ - _______ 1,100,000.00
Undivided p ro fits _____________________
929,934.00
325,529.94
Reserves _____________________________

No. 47.
T H E D E T R O I T B A N K , D E T R O IT .
Organized 1849.

Reorganized July 18, 1871.

Tw enty-nine Branches.
J o s e p h M. D odge , P resid en t; R a y m o n d A . J a c o b s , R a l p h J. R o m e r , C h a r l e s A . K in n e y ,
C h a r l e s H . H e w i t t , E d w in D . K a y , Vice P resid en ts; K e n n e t h M. B u r n s , C ash ier;
R o lan d A . B en ge , R a y m o n d T. P e e r in g , G a l e L. W e s s in g e r , C e c i l H u n t , G u s t a v e A.
W e l l e n s i c k , A ssistant Vice P resid en ts ; H arold G. F re a r , R o n ald W . B a in b r id g e , A l b e r t
H . R u p p , W . B ea W a l d r ip , J o h n W . S c h m id t , J o h n C. D il w o r t h , G l e n A. B a k e r , J u l ia n
H a l l , D e r v in e T. G o u in , E ar l H . Q u ib e l l , M u r r a y L . M c D o n a ld , G eorge R . B e r k a w , J r .,
M il t o n J. D r a k e , A ssistan t Cashiers.
D ir e c t o r s .— David S. Carter, Charles A. Dean, Jr., Joseph M. Dodge, Frederick T. Ducharme,
Claude M. Harmon, Frank W . Hubbard, James T. McMillan, Sidney T. Miller, Herbert B.
Trix, Nathan T. Viger, Ferris D. Stone.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $546.89
overdrafts) __________________________ $33,175,703.37
United States Government obligations,
direct and guaranteed
___________ 50,090,195.64
Obligations of States and political sub­
divisions _____________________________ 10,681,523.17
Other bonds, notes, anddebentures_____ 7,366,677.57
Corporate stocks (Including $216,300.00
Stock of Federal Reserve Bank) _____
316,312.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________ 59,226,978.97
Bank premises o w n e d __________________ 1,927,871.75
Furniture and fixtures _________________
93,824.44
Real estate owned other than bank
premises _____________ :_______________ 1,129,821.97
Investments and other assets indirectly
representing bank premises or other
real estate ________________ _____ ,____
898,000.00
Other assets ________
622,133.82

Demand deposits of individuals, partner­
ships, and corporations _____________ $53,985,757.81
Time deposits of individuals, partner­
ships, and corporations ______________ 81,842,450.82
Deposits of United States Government
(including postal savings) ____________ 3,767,064.86
Deposits of States and political sub­
divisions __________
8,484,535.72
Deposits of banks ______________________ 5,686,393.75
Other deposits (certified and officers’
checks, etc.) ________________________ 2,294,752.41

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$165,529,042.70

Total deposits _____________________ 156,060,955.37
Other liabilities ________________________
489,402.20
Capital accounts:
First preferred s t o c k _________________ 3,570,000.00
Common stock _______________________ 1,800,000.00
Surplus ______________________________ 1,800,000.00
Undivided profits ____________________
290,000.00
Reserves ________________ 1____________ 1,518,685.13
Total

$165,529,042.70

92

ST A T E B A N K IN G D E P A R T M E N T
D E T R O I T T R U S T C O M P A N Y , D E T R O IT .
Organized November 15, 1900.
H a r ry J. F o x , Chairman of the Board.

M c P h e r so n B r o w n in g , P resid en t ; L a w r e n c e K . B u t l e r , C h a r l e s P . S p ic e r , S eld en B.
D a u m e , E xecu tive Vice P resid en ts ; H ar r y L. S t a n t o n , O sc a r L. B u h r , C. T om D a r n t o n ,
R a l p h S t o n e , C l a r e n c e M. J u s t ic e , A r t h u r F. B a s s e t t , Vice P resid en ts ; W il l ia m J.
T h o m a s , T reasurer ; A lfre d B. C o n n a b l e , J r ., F r e d e r ic k J. M c G a v in , C ar le to n B,
L e o n h a r d , L eo J. M c C l a r t y , H a r r y R. G l e e so n , R o ber t L. N i x o n , J o h n O. K e i m ,
H er b e r t Y . P u s c h , E d w in S. S n yd er , N o ble D. T r a v is , B e r t H . W ic k i n g , A ssistant
Vice P resid en ts ; P a u l R. B a r t o n , V er n o n C. F r a t c h e r , C h a r l e s E. H o w a r d , W a l t e r E.
M a r t in , F r e d e r ic k J. O ’D o n n e l l , R o b e r t C. S im p s o n , M a r k C. S t e v e n s , Trust Officers;
N orto n J. M il l e r , A l b e r t C. M u n r o , R oy L. T h u r m a n , A u g u st A . C h a p p , A ssistant
Treasurers ; M a r c u s B o s t w ic ic , L eon a rd G. B e c k e t t , J o h n J. S p o u t z , V a n ce L. D e s m o n d ,
F red V an Z a n d t , A ssistant S ecreta ries ; M a x G. M e l in a t , Auditor.
D ir e c t o r s .— Calvin P. Bentley, McPherson Browning, Lawrence K. Butler, B. J. Craig, R. E.
Danaher, James E. Davidson, Frank D. Eaman, Harry J. Fox, Arthur J. Lacy, James Mc­
Millan, Sidney T. Miller, Truman H . Newberry, Henry Sheldon, E. D. Stair, Ralph Stone.

Statement December 30, 1939.
ASSETS

LIABILITIES

Loans -----------------------------------------------------$1,805,773.42
Advances to trusts __ __________________
59,265.66
United States Government obligations,
direct and fully guaranteed __________
750,000.00
Cash, and balances with designated de­
positaries, fiduciary funds ___________ 10,250,738.18
Cash, and balances with other deposi­
taries, company funds _______________
528,715.40
Banking house ___________
1,350,000.00

Fiduciary funds __ ____________________ $10,250,738.18
Reserve for taxes, etc. _________________
406,693.06
Capital account:
Preferred stock __ ___________________
400,000.00
Common stock _______________________ 2,000,000.00
Surplus ______________________________ 1,600,000.00
Undivided profits ____________________
87,061.42

Total

---------------------------------------------$14,744,492.66

Total, including capital account ___ $14,744,492.66

E Q U I T A B L E T R U S T C O M P A N Y , D E T R O IT .
Organized November 18, 1926.
N e a l , Chairman o f the B oa rd ; M ir o n W . N e a l , P re s id en t; R a l p h S. L a n e ,
P resident and T rea su rer; O l iv e r D. M a r c k s , Vice P resident and S ecreta ry;
W il l i a m C. H a in e s , O sc a r A. K a u f m a n , Vice P resid en ts ; W il b u r J. D a n a h e r , H u g h
L in d e n m a n , A ssistant V ice P resid en ts ; W i l l ia m C. H a i n e s , H e n r y P. M e l o c h e , F red
E. S e y f e r t , A ssistant S ecreta ries; O m a r H a n s e n , A ssistant Treasurer ; N o r m a n L a n e ,
A u d ito r; W il l i a m C. C r o o k e , W il b u r J. D a n a h e r , W m . C. H a in e s , D a v id V. K e i t h ,
H u g h L in d e n m a n , K ar l F. M e y e r , J o h n W . S a n d e r s , Trust Officers.

T homas

Vice

D ir e c t o r s .— Herbert . V. Barbour, Ralph S. Lane, Oliver D. Marcks, Lynn McNaughton,
Kirke A. Neal, Miron W . Neal, Thomas Neal, Burt R. Shurly, James Vernon, Jr., Pearson
W ells.

Statement December 30, 1939.
ASSETS

LIABILITIES

Loans _____________________
$98,650.83
Advances to trusts ____________________
5,016.33
Accounts receivable .... ____
8,966.35
United States Government obligations,
direct and fully guaranteed __________
310,000.00
Other bonds, stocks, and securities ____
159,479.93
Cash, and balances with designated de­
positaries, fiduciary funds ___________ 1,572,879.62
Cash, and balances with other deposi­
taries, company fu n d s ________________
45,654.63
Other assets ___________________________
146,897.15

Fiduciary fu n d s _______________________ $1,572,879.62
Other liabilities ________________________
157,530.96
Capital account:
First preferred stock _______________
226,340.00
Common stock ______________________
309,660.00
Undivided p ro fits_____________________
50,000.00
Reserve for contingencies ____________
31,134.26

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,347,544.84

Total, including capital account —-$2,347,544.84

S T A T E B A N K S O F M IC H IG A N

93

I N D U S T R I A L M O R R IS P L A N B A N K O F D E T R O IT , D E T R O IT .
Organized November 26, 1927.
Six Branches.
E u gen e W . L e w i s , P resid en t; G le n n F. T u r n b u l l , E xecu tive V ice-P resid en t; C. L. R ugg ,
Vice President and S ecreta ry; A. G. R o p p , Vice President and Treasurer; E d w a r d A. T a u b ,
Vice President and A u d ito r; C h a r l e s T. B u s h , W j i , R. M c L e a n , J. B. R ic h a r d s o n , H.
R a y m o n d H u f f m a n , Vice P resid en ts; J a s . P . B e a t t ie , K e it h G. C o n e , L. S. C a r r ic k ,
H . C. S p a r k s , H. E. K l o c k o w , A ssistant Vice Presidents.
D ir e c t o r s .— E. R. Ailes, Harold R. Boyer, Charles T. Bush, C. K . Chapin, W m . R. Clark,
Frank Cody, Frank W . Hubbard, Julian H. Krolik, Eugene W . Lewis, Arthur J. Morris,
A. G. Ropp. Burt R. Shurly, Glenn F. Turnbull, W m . M. Walker, Jr.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts_________ ,________ $11,307,661.12
United States Government obligations,
direct and guaranteed __
. _ ______ 3,709,949.22
Obligations of States and political sub­
divisions _____________________________
176,697.26
Other bonds, notes, anddebentures ____
46,268.75
Corporate stocks (Including $45,000.00
Stock of Federal Reserve Bank) ______
45,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________ 2,590,868.37
Bank premises owned __________________
93,000.00
Furniture and fixtures
______________
1.00
Real estate owned other than bank
19,646.69
premises _____ :________________ ______
Other assets ___________________________
36,884.26

Demand deposits of individuals, partner­
ships, and corporations _____ _____ ,_ $52,978.75
Time deposits of individuals, partner­
ships, and corporations ______ ____ 14,922,084.64
Deposits of banks ______ ______________
15,000.00

Total

. $18,025,976.67

Total deposits _____________________ 14,990,063.39
Other liabilities ________________________
925,715.25
Capital accounts:
Common stock _______
500,000.00
Surplus ______________________________ 1,000,000.00
Undivided profits __________ __________
255,012.32
Reserves _____________________________
355,185.71

Total

$18,025,976.67

M E R C H A N T S B A N K O F D E T R O IT , D E T R O IT .
Organized M arch 23, 192S.
G eorge A. B ig l e y , P resid en t; C h a r l e s A. B r a y , J. R. L a t c h a w , Vice P resid en ts; E. P.
H u s s e y , Cashier and T reasurer; C a l v in E. B e n n e r , S ecreta ry; R. J. F r a n k , A ssistant

Secretary and A ssistant Treasurer.
D ir e c t o r s .— George A. Bigley, Calvin E. Benner, Charles A. Bray, Cloud L. Cray, E. P. Hussey.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and d iscou n ts_________________ $242,325.51
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
28,606.38
Other assets ___________________________
9,255.22
Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$280,187.11

Other liabilities _______________________
Capital accounts:
Common stock ________
Surplus _____________________________
Undivided profits ____________________
Reserves ___________ :_________ ________
Total

$21,830.95
100,000.00
100,000.00
56,033.92
2,322.24
$280,187.11

94

S T A T E B A N K IN G D E P A R T M E N T
T H E M IC H IG A N I N D U S T R I A L B A N K , D E T R O IT .
Organized September 24, 1926.

M. L i n k , P resid en t ; E d w in D . L eon a rd , V ice P resid en t ; C h a r l e s U. W il s o n , Cashier ; J o h n
I. S n y d e r , T reasurer; G. H . S t a l k e r , Secretary.
D ir e c t o r s .— M. Link, Edwin D. Leonard, G. H . Stalker, O. D. Judd, M. E. Shiek.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________ $202,780.53
Other assets ___________________________
1,605.54

Total _______________________________

$204,386.07

Time deposits of individuals, partnerships, and corporations_____ ;_________

$1,879.31

Total deposits _____________________
Other liabilities ________________________
Capital accounts:
Common stock ______________________
Surplus ________
Undivided p ro fits _____________________

100,000.00
46,481.61
4,525.83

T o t a l________________________ :______

$204,386.07

1,879.31
51,499.32

U N IO N G U A R D IA N T R U S T C O M P A N Y , D E T R O IT .
Organized Novem ber 24, 1890.
E r n e s t C. H a r r is , P resid en t ; R a l p h E . B adger , Senior Vice P resid en t; A . B. M c C o l l ,
Secretary and T rea su rer; R u d o l p h E . H o f e l ic h , A . A. F. M a x w e l l , A . B. P f l e id e r e r ,
V ice P resid en ts; G eorge W . W i l l i a m s , H e r m a n J. K o c h , A ssistan t V ice P resid en ts;
T h o m a s R. B oylei, J a m e s A . P ierces, J. M o n ro e R o n e y , H o bar t D. H o y t , H e r b e r t H en de r ­
so n , Trust Officers; A l v in W . B ond , I va n L . B o w m a n , W il l i a m H . E r s k i n e ^ L in c o l n
S a n d e l in , A ssistant S ecreta ries ; H e r b e r t J. S t r a s l e r , Auditor.
D ir e c t o r s .^— Sherwin A . H ill, W illiam R. Kales, Ralph E . Badger, C. B. Longley, W . M.
Cornelius, John C. Lodge, Ernest C. Harris, S. A . Strickland, Harvey C. Fruehauf.

Statement December 30, 1939.
ASSETS
Loans ____________________ *____________ $393,388.97
Advances to trusts ______
53,752.19
Accounts receivable ____________________
4,453.38
United States Government obligations,
direct and fully guaranteed___________
559,791.36
Other bonds, stocks, and securities ____
46,641.91
Cash, and balances with designated de­
positaries, fiduciary funds ___________ 5,921,723.89
Cash, and balances with other deposi­
taries, company funds _______________
184,086.49
Furniture and fixtures _________________
34,133.72
Other assets __________________________
12,647.44
Total

---------------------------------------------- $7,210,619.35


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES
Fiduciary funds _______________________ $5,921,723.89
Other liabilities _______________________
52,325.45
Interest, taxes, and other expenses ac­
crued and unpaid ____________________
35,307.64
Capital account:
Common s to c k ________________________
500,000.00
Surplus ______________________________
184,000.00
Undivided profits ____________________
440,941.00
Reserve for contingencies ____________
76,321.37

Total, including capital account ___$7,210,619.35

95

S T A T E B A N K S O F M IC H IG A N
No. 386.
T H E U N IT E D S A V IN G S B A N K O F D E T R O IT , D E T R O IT .
Organized June 30, 1907.

H e n ry M. Z i m m e r m a n , Chairman o f the B oard ; W il l i a m W . S l o c u m , P resid en t ; W i l l ia m
C. G r is w o l d , E xecu tive V ice P resid en t ; A lb e r t F . P e c k , M a y b e l C. O l iv e r , T h o m a s
E. B r y a n , Vice P resid en ts ; G eo . M. E l l i s , W a l t e r J. G e s s e l l , A ssistant V ice P resid en ts;
E d w a r d A n d er so n , Cashier ; W . D. M acdonald , A ssistant Cashier.
D ir e c t o r s .— W illiam C. Griswold, Melvin F. Lanphar, Alfred A. Mann, Albert
W illiam W . Slocum, Henry M. Zimmerman, Floyd H . Nichols.

F.

Peck

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts___ ______________ $13,068,180.11
United States Government obligations,
direct and guaranteed_1______________6,191,476.25
Obligations of States and political sub­
divisions ___
1,263,920.47
Other bonds, notes, and debentures____ 1,138,844.00
Corporate stocks (Including $60,000.00
Stock of Federal Reserve Bank) _____
60,001.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
3,920.672.75
process of collection ____
Bank premises owned __________________
357,495.43
Furniture and fixtures ______
16,983.61
Real estate owned other than bank
premises _____________________________
57,160.18
Investments and other assets indirectly
representing bank premises or other
real estate __________________________
368,864.38
Other assets _________________________
43,366.82

Demand deposits of individuals, partner­
ships, and corporations ______________ $341,891.84
Time deposits of individuals, partner­
ships, and corporations ______________ 23,107,521.02
Other deposits (certified and officers’
170,056.12
checks, etc.) _________________________
Total deposits _________
23.619,468.98
57,963.50
Other liabilities ________________________
Capital accounts:
First preferred s t o c k _________________
500,000.00
Common stock _______________________
750,000.00
750,000.00
Surplus _____________________________
Undivided profits ____________________
500,000.00
Reserves _____________________________
309,532.52

$26,486,965.00

Total

$26,486,965.00

Total

No. 799.
W A B E E K S T A T E B A N K O F D E T R O IT , D E T R O IT .
Organized July 1, 1938.
B ranches in Birm ingham and Ferndale, Michigan, and One B ranch in Detroit,
M ichigan.
F r a n k C o u z e n s , Chairman o f the B o a rd ; G eo . B. J itdson , P resid en t ; H e n r y T. E w a l d ,
F r a n k P. E v a n s , J r ., B e n j a m in F. S a y l o r , J o h n N. D aleiy, V ice P resid en ts ; F red C.
S c h l o r f f , C ash ier; E van P r o w s e , L eo J. C o l e m a n , W m . E . G r is w o l d , N o rbe rt H.
W i e s l e r , C l if f o r d H . H y e t t , A lb e r t C. V o s s , L ou A . W il s o n , A r l ie R . T r a h e r n ,

A ssistant Cashiers.
D ir e c t o r s .— W . M. Cornelius, Frank Couzens, Henry T. Ewald, Leonard L. Healy, Geo. B.
Judson, Clarence E. W ilcox, W illiam R. Yaw.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $349.95
overdrafts) __________________________ $6,596,529.04
United States Government obligations,
direct and guaranteed________________ 2,576,500.00
Obligations of States and political sub­
divisions ____________________________ 2,454,745.69
Other bonds, notes, and debentures___
87,925.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________ 6,434,056.42
Bank premises owned __________________
18,368.00
Furniture and fixtu res________________
41,480.76
Other assets ________________________ _— 270,317.47

Demand deposits of individuals, partner­
ships, and corporations ________________$8,683,298.73
Time deposits of individuals, partner­
ships, and corporations ______________ 2,828,149.36
Deposits of States and political sub­
divisions _____________________________ 4,139,573.23
Deposits of banks ______________________
645,711.97
Other deposits (certified and officers’
checks, etc.) _________________________
269,744.92

Total

_____________________________ $18,479,922.38


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________ 16,566,478.21
Other liabilities ______ :_________________
274,757.83
Capital accounts:
Common stock _______________________ 1,200,000.00
Surplus _________________
305,000.00
Undivided profits ____________________
133,686.34
Total

_____________________________ $18,479,922.38

96

S T A T E B A N K IN G D E P A R T M E N T
No. 157.
T H E D E X T E R S A V IN G S B A N K , D E X T E R .
Organized February 10, 1893.

W . C. W y l i e , P resident ; G erald N. A l l e n , E xecu tive V ice P resident ; J o h n F . H o ey , Vice
P resid en t; M. J. K e n n y , Cashier.
D ir e c t o r s .— John F. Hoey, M. J. Kenny, Carl E. Mast, W . C. W ylie, Jay A. Smith, Gerald N.
Allen, Robert Eck.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $211,916.64
United States Government obligations,
direct and guaranteed _______________ :
51,543.75
Obligations of States and political sub­
divisions ------------------------------------------32,818.24
Other bonds, notes, and debentures____
14,261.95
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _______
109,512.91
Bank premises owned ____________
1,000.00
Furniture and fixtures _________________
3,500.00
Real estate owned other than bank
5,394.65
premises ---------------------------------------------

Demand deposits of individuals, partner­
ships, and corporation s____________ $113,232.00
Time deposits of individuals, partner­
ships, and corporations _____________ 228,829.34
Deposits of States and political sub­
divisions --------------------------------------------14,672.53
Other deposits (certified and officers’
checks, etc.) ________________________
2,212.61

Total

--------------------------------------- -------

Total deposits ______________________
Capital accounts:
First preferred stock _________________
Common s t o c k ____ _•__________________
Surplus ______________________________
Undivided profits _____________________

$429,948.14

Total

----------------------------------------------

358,946.48
15,000.00
40,000.00
15,000.00
1,001.66
$429,948.14

No. 142.
MONROE COUNTY BAN K, DUN DEE.
Organized September 7, 1892.
H. L. M ecic , President and Chairman o f the B oa rd; W . F. O ver my er , N e l l ie M il l e r , Vice
P resid en ts; G. R. O y e r , Cashier.
D ir e c t o r s .— H. L. Meek, W . F. Overmyer, Nellie Miller, Frank Zimmerman, K . H. Kyper,
H. C. Weghorst, R. C. Poucher.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $129.80
overdrafts) __________________________ $220,426.22
United States Government obligations,
direct and guaranteed
___ ________
63,807.68
Obligations of States and political sub­
divisions ___________ _________________
19,870.79
Other bonds, notes, and debentures __
18,802.23
Corporate
stocks
(Including $1,200.00
Stock of Federal Reserve Bank) _____
1,200.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
135,383.85
Bank premises owned __________________
4,480.00

Demand deposits of individuals, partnerships, and corporations ______________ $125,425.67
Time deposits of individuals, partner­
ships, and corporations_______________
239,739.43
Deposits of States and political sub­
divisions --------------------------------------------44,604.62
Other deposits (certified and officers’
checks, etc.) _________________________ _
4,865.09

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$463,970.77

Total deposits ______________________
Capital accounts:
Common stock _____________________
Undivided profits __________________
Reserves ____________
Total

-------------------------------- --------------

414,634.81
40,000.00
8,374.03
961.93
$463,970.77

97

S T A T E B A N K S O F M IC H IG A N
N o. 124.
T H E S H IA W A S S E E CO U N TY B A N K , D U R A N D .
Organized A u gu st 28, 1891.

C. G. B a t e s , President and Chairman o f the Board ; F. M. H u t c h in s o n , V ice P resid en t; B e x
P. T e e t e r s , Cashier; R o b e r t K err , J r ., D e l o s s B a t e s , A ssistant Cashiers.
D ir e c t o r s .— C.

Bates,

G.

R ex P .

Teeters, F.

M.

Hutchinson,

F. J.

Sayre, Fred Anselm.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $1.52
overdrafts) ___________________________ $226,329.78
United States Government obligations,
37,525.00
direct and guaranteed-------- -------------—
Obligations of States and political sub­
divisions _____________________________
168,209.95
Other bonds, notes and debentures_____
139,324.40
Corporate stocks (Including $1,800.00
1,800.00
Stock of Federal Reserve Bank) _____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
179,963.83
2,794.46
Other assets ___________________________

Demand deposits of individuals,, partner­
ships, and corporations ______________ $208,897.74
Time deposits of individuals, partner­
ships, and corporations ______________ 414,743.90
Deposits of States and political sub­
57,398.54
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
3,509.92

Total

______________________________

Total deposits ______________________
Other liabilities ___________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits _________________ —
Reserves _____________________________

684,550.10
2,794.46

______________________________

$755,947.42

Total

$755,947.42

50,000.00
15,000.00
3,436.14
166.72

No. 601.
F I R S T S T A T E B A N K , E A S T D E T R O IT , M IC H IG A N .
Organized June 28, 1917.
M e l v in V an H o w e , Chairman o f the Board and Vice P resid en t; H e n ry J. M o k , S r ., P resid en t;
F red P u f f p a f f , V ice P resid en t; A r t h u r C. L e is e , C a sh ier; H arold B e r l in , A ssistant

Cashier.
D ir e c t o r s .— Christian M. Nill, Fred Puffpaff, Fred Susick, Sr., John C. Schmidt,
Retzlaff, Henry J. Mok, Sr., John B. Nill, M. D.

Charles

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $3.99
overdrafts) ------------------------------------------ $371,258.76
United States Government obligations,
124,456.34
direct and guaranteed------------------------Obligations of States and political sub­
49,049.03
divisions _____________________________
2,680.00
Other bonds, notes, and debentures------Cash, balances with other banks, includ­
ing reserve balances, and cash items in
491,172.21
process of collection__________________
1 299.10
Furniture and fixtures ________________

Demand deposits of individuals, partnerships, and corporations ---------------------- $251,142.84
Time deposits of individuals, partnerships, and corporations ----------------------- 562,107.21
Deposits of United States Government
(including postalsavings) ______________
5,724.32
Deposits of States and political sub­
divisions _____________________________
130,680.09
Other deposits (certified and officers’
checks, etc.) _________________________
14,934.28
-----------------Total deposits ______________________
964,588.74
Other liabilities ________________________
4,181.01
Capital accounts:
Common stock _______________________
50,000.00
Surplus ______________________________
15,000.00
Undivided p ro fits_____________________
2,541.33
Reserves _____________________________
3,604.36

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,039,915.44

Total

_______________ _______________ $1,039,915.44

98

ST A T E B A N K IN G D E P A R T M E N T
No. 238.
ST A T E B A N K O F E A S T JOR D AN , E A S T JO R D AN .
Organized July 9, 1991.

H. P. P o rter , P resid en t; W . E. M a l p a s s , Vice P resid en t; R o bert A . C a m p b e l l , C ash ier;
H o w ar d D a r b e e , W . G. B o s w e l l , A ssistant Cashiers.
D ir e c t o r s .

Robert- A . Campbell, W . E. Malpass, H . P. Porter, James Gidley, John Bos,
John .T. Porter.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ______ ;____________ $340,543.47
United States Government obligations,
direct and guaranteed________________
112,409.38
Obligations of States and political sub­
divisions --------------------------------------------60,050.00
76,305.00
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
262,022.79
Bank premises owned __________________
4,149.18
Furniture and fixtures _________________
1^245.93
Real estate owned other than bank
3,326.37
premises ------------------------------------

Demand deposits of individuals, partnerships and corporations _______________ $199,309.34
Time deposits of individuals, partner­
ships, and corporations_______________
504,293.82
Deposits of United States Government
(including postal savings) _•___________
312.30
Deposits of States and political sub­
divisions --------------------------------------------35,267.14
Other deposits (certified and officers’
checks, etc.) --------------------------------------5,815.80

Total

----------------------------------------------

Total deposits ______________ '_______
744,998.40
10,842.68
Other liabilities __________________________
Capital accounts:
Common stock _________________________
50,000.00
Surplus -------------------------------------------------30,000.00
Undivided p ro fits_____________________
9,211.04
Reserves -----------------------------------------------15,000.00

$860,052.12

Total

----------------------------------------------- $860,052.12

No. 583.
T H E E A S T L A N S IN G S T A T E B A N K , E A S T L A N S IN G .
Organized M arch 21, 1916.
A r t h u r J. C l a r k , P resid en t; D r . O. H . B r u e g e l , Vice P resid en t; H . S. L u c a s , C ash ier;
J. L e s l ie M il l e r , M ae B. W h i t e , A ssistan t Cashiers.
D ir e c t o r s .— W alter S. Foster, Edward Gibbons, W ard Giltner, O. H . Bruegel, Arthur J. Clark,
E. T. Hallman, J. H . Pennington, C. S. Smith, H . S. Lucas.

Statem ent December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $3.96
overdrafts) --------------------$504,281.69
United States Government obligations,
direct and guaranteed ________________
143,350.00
Obligations of States and political sub­
divisions --------------------------------------------- 367,352.93
Other bonds, notes, and debentures____
120,903.16
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
451,357.51
Furniture and fixtures _________________
6,225.06

Demand deposits of individuals, partner­
ships, and corporations _________ .____ $630,069.60
Time deposits of individuals, partner­
ships, and corporations ______________
480,977.44
Deposits of United States Government
(including postal savings) _____________
3,469.82
Deposits of States and political sub­
divisions ---------------------------------------------- 342,155.59
Other deposits (certified and officers’
checks, etc.) --------------------------------------11,593.60
Total deposits ______________________ 1,468,266.05
Capital accounts:
90,000.00
Common stock _______________________
Surplus ----------------------------------------------20,000.00
Undivided p ro fits _____________________
14,620.30
Reserves _____________________________
584.00

T o t a l------------------------------------------------ $1,593,470.35


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

T o t a l------------------------------------------------ $1,593,470.35

99

S T A T E B A N K S O F M IC H IG A N
No. 740.
T H E P E O P L E S S T A T E B A N K O F E A S T T A W A S , M IC H IG A N .
Organized M ay 24, 1927.

R. N. W a l l a c e , P re s id en t; L. G. M c K a y , Vice P resid en t; G. N. S h a t t u c k ,, C ash ier; E s t h e r
L o o k , C. R. M c M u l l e n , A ssistant Cashiers.
D irectors .— L. G. M cKay, R. G. Schreck, Fred J. Adams, J. H. Scliriber, G. N. Shattuck,
R. N. W allace.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $49.51
overdrafts) ______________
$292,346.07
United States Government obligations,
48,871.00
direct and guaranteed _______________
Obligations of States and political sub­
divisions _____________________________
37,503.33
Other bonds, notes, and debentures----24,412.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
280,888.71
process of collection__________________
Bank premises owned __________________
7,200.00
2,726.00
Furniture and fixtures _________________

Demand deposits of individuals, partner­
$264,768.94
ships, and corporations -----------Time deposits of individuals, partner­
267,182.48
ships, and corporations ----------Deposits of States and political sub­
divisions _____________________________
88,318.39
Other deposits (certified and officers’
4,317.07
checks, etc.) _________________________

Total

______________________________

Total deposits ______________________
Capital accounts:
First preferred stock ________________
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________
Reserves _____________________________

624,586.88

______________________________

$693,947.11

Total

$693,947.11

17,500.00
25,000.00
11,000.00
1,360.23
14,500.00

No. 499.
T H E E A U C L A IR E S T A T E B A N K , E A U C L A IR E .
Organized M arch 14, 1912.
H a r r y H. H ogue , P resid en t; A l f r e d W . S c h i l l i n g , V ice P resid en t; K . E. T a t m a n , Cashier.
D ir e c t o r s .— Harry H. Hogue, Geo. R. Dater, Frank Sommer, H . H . Hoadley, K . E. Tatman,
Alfred W . Schilling, Forest Steimle.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $44.98
overdrafts) ________
$200,589.21
United States Government obligations,
direct and guaranteed________________
32,700.00
Obligations of States and political sub­
divisions ____________ ,________________
39,000.00
Other bonds, notes, and debentures____
10,920.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection___________________
115,364.06
Bank premises o w n e d __________________
4,400.00
Furniture and fixtures _________________
1,700.00

Demand deposits of individuals, partner­
ships, and corporations ---------------------- $125,448.03
Time deposits of individuals, partner­
ships, and corporations ---------------------- 169,904.68
Deposits of United States Government
(including postal savings) ----------------310.50
Deposits of States and political sub­
divisions _____________________________
58,508.35
Other deposits (certified and officers’
checks, etc.) _________________________
570.78

Total

_________________________ - ___


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$404,673.27

Total deposits ______________________
Capital accounts:
First preferred stock ________________
Common stock _______________________
Surplus ______________________________
Undivided profits ------------------------------Reserves _____________________________
Total

______________________________

354,742.34
17,000.00
20,000.00
7,000.00
4,925.93
1,005.00
$404,673.27

100

S T A T E B A N K IN G D E P A R T M E N T
No. 614.
E C O R S E S A Y IN G S B A N K , E C O R S E .
Organized M arch 21, 1918.

G o y E. P o ole y , P re s id en t; E d m u n d J. D u r o c h e r , V ice P resid en t; C l a r e n c e R . M e a d , C ashier;
L e w i s E . M e r r it t , A ssistant Cashier.
D ir e c t o r s .— E. J. Durocher, Frank E. Kolb, Frank X . LeBlanc, Andrew C. Maier, Roy W .
Seavitt, J. W . Irwin, Lee Hileman, Guy E. Pooley, Ben Shwayder.

Statem ent D ecem ber 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $516.87
overdrafts) ------------------------------------------ $1,375,065.00
United States Government obligations,
307,505.00
direct and guaranteed________________
Obligations of States and political sub­
divisions --------------------------------------------177,984.37
80,835.00
Other bonds, notes, anddebentures_____
Corporate
stocks
(Including $3,900.00
Stock of Federal Reserve Bank) _____
3,900.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
339,678.71
Bank premises owned __________________
51,839.54
Furniture and fixtures _________________
9,249.90

Demand deposits of individuals, partner­
ships, and corporations ___________ __ $393,935.91
Time deposits of individuals, partner­
ships, and corporations ______________ 1,258,108.96
Deposits of States and political sub­
divisions --------------------------------------------- 366,663.06
Other deposits (certified and officers’
checks, etc.) _____________________ _____
17,743.41

Total

Total deposits _____________________ 2,036,451.34
Other liabilities ________________________
106,652.50
Capital accounts:
Common stock _____________ ,_________
100,000.00
Surplus ______________________________
35,000.00
Undivided profits ____________________
25,953.68
Reserves ---------------------------------------------------42,000.00

---------------------------------------------- $2,346,057.52

Total

----------1---------------------------------- $2,346,057.52

No. 753.
THE ELKTON

STATE BAN K , ELKTON .

Organized M arch 22, 1928.
F r a n k W . H u bbard , Chairman o f the B o a rd ; O sc a r R o g e r s , P re s id en t; J o s e p h N. R a n k i n ,
E xecu tive V ice P re s id en t; J a s . L. B u r g e ss , Vice P re s id en t; M. L . A c k e r m a n , C ash ier;
E. J. R a m s e y e r , A ssistant Cashier.
D ir e c t o r s .— Oscar Rogers, Frank W . Hubbard, James L. Burgess, M. L. Ackerman, Joseph N.
Rankin.

Statem ent December 30, 1939.
ASSETS
Loans and discounts ___________________ $200,321.90
United States Government obligations,
direct and guaranteed ______________
56,393.25
Obligations of States and political sub­
divisions _____________________________
13,020.00
Other bonds, notes, anddebentures _____
30,990.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection____:_.____________
55,758.54
Bank premises ow n e d __________________
7,000.00
Furniture and fixtures _________________
1,000.00

Total

----------------------------------------------- $364,483.69


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions — ----------------------------------- ;!___
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ________
Capital accounts:
Common stock ______________________
Surplus ----------------------------------------------Undivided profits ____________________
Total

----------------------------------------------

$54,568.95
259,791.68
14,256.07
1,227.43
329,844.13
25,000.00
7,500.00
2,139.56
$364,483.69

101

S T A T E B A N K S O F M IC H IG A N
No. 342.
T H E S T A T E S A V IN G S B A N K O F E L S IE , E L S IE .
Organized June 15, 1906.

J. G. S h o w , P resid en t; M in n ie A . V an D e u s e n , Vice P resid en t; W . S. L u s k , Cashier; J o h n
R u m b a u g h , R u t h L u s k , A ssistant Cashiers.
D ir e c t o b s .— W . S. Lusk, J. G. Show, Ruth Lusk, Minnie A. Van Deusen, W . P. Betts.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $115.09
overdrafts) ____________________
$277,093.82
United States Government obligations,
direct and guaranteed________________
33,750.00
Obligations of States and political sub­
6,000.00
divisions ___
Other bonds, notes, and debentures____
4,447.40
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
110,768.29
Bank premises ow n ed___________________
3,800.00
Furniture and fixtures _________________
425.00

Demand deposits of individuals, partner­
ships, and corporations______________ $112,846.32
Time deposits of individuals, partner­
222,926.48
ships, and corporations ______________
Deposits of United States Government
(including postal s a v in g s )________
755.00
Deposits of States and political sub­
45,851.51
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
4,527.44

T o t a l_______________________________

Total deposits ____________ _________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________

386,906.75
1,000.00

T o t a l_______________________________

$436,284.51

$436,284.51

30,000.00
12,500.00
2,877.76
3,000.00

No. 619.
T H E C IT I Z E N S S T A T E B A N K O F E M M E T T , E M M E T T .
Organized M arch 29, 1918.
A nd re w N o la n , P resident and Chairman o f the B oa rd j P ete r J. G r a c e , Vice P resid en t;
F . V. M c C ab e , Cashier; M ar ga ret G l e a s o n , A ssistant Cashier.
D ir e c t o r s .— Andrew Nolan, Peter J. Grace, Frank Keough, Martin Stapleton, Lucille Quaine.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $128.76
overdrafts) __________________________ $160,961.26
United States Government obligations,
68,221.00
direct and guaranteed _______________
Obligations of States and political sub­
divisions ----------------16,873.00
Other bonds, notes, and debentures------26,568.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
99,605.41
Bank premises ow n e d __________________
3,500.00
Furniture and fixtures _________________
1,800.00
Other assets ___________________________
913.41

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$378,442.08

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations _______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
First preferred s t o c k _________________
Common stock ____________
Surplus ---------------------------------------------Undivided profits ____________________
Reserves _____________________________
Total

$70,845.37
219,786.93
44,837.32
1,119.48
336,589.10
20,000.00
20,000.00
19.28
1,433.70
400.00

____________________________ — $378,442.08

102

S T A T E B A N K IN G D E P A R T M E N T
N o. 508.
T H E E M P IR E S T A T E B A N K , E M P IR E .
Organized M ay 1, 1912.

F r a n k l in G. P e c k ., P resid en t ; P a u l E . S m i t h , M a r t in B r o w n , V ice P resid en ts;
J o h n s o n , C a sh ier; M e r e t a R o h r , A ssistant C ash ier; L. H . S t a c e y , Auditor.

G eo .

D ir e c t o r s .— Leo H . Stacey, Franklin G. Peck, Geo. Johnson, Paul E . Smith, Martin Brown.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $159,794.12
United States Government obligations,
direct and guaranteed _______
20,400.00
Obligations of States and political sub­
divisions -----------------------225.00
Other bonds, notes, and debentures
_
8,104.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
101,379.67
2,000.00
Bank premises owned __________________
Furniture and fixtures ____________
300.00
Real estate owned other than bank
premises --------------------------------------------1,907.85

T o t a l-----------------------------------------------

Demand deposits of individuals, partner­
ships, and corporations______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions _____ 1_______________________
Other deposits (certified and officers’
checks, etc.) _________________________

$66,067.54
159,080.58
25,300.62
1,030.45

Total deposits __________ ;__________
251,479.19
Other liabilities __________________________
5,373.95
Capital accounts:
First preferred stock _________________
20,000.00
Common stock _______________________
10,000.00
Surplus _________________________________
2,000.00
Undivided profits _______________________
1,683.50
Reserves _____________________

$294,110.64

Total ------------------------------------------------ $294,110.64

No. 299.
T H E S T A T E S A Y IN G S B A N K O F E S C A N A B A , M IC H IG A N .
Organized Novem ber 2 , 1904.
W . R. S m i t h , P resid en t; O. N. H u g h it t , A . J. Y oung , Vice P resid en ts; W m . W a r m in g t o n ,
C ash ier; E. O. P er r o n , C. R . W i c k m a n , N. P. J e n s e n , A ssistant Cashiers.
D ir e c t o r s .— W .

R.

Smith,

O. N. Hughitt, A . J. Young, W m .
H. Q. Groos, J. R. Charlebois.

Warmington,

C.

E.

Lewis,

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $9.39
overdrafts) ___________________________ _ $630,290.36
United States Government obligations,
direct and guaranteed ________________
425,600.00
Obligations of States and political sub­
divisions ----------------------------------------284,784.33
Other bonds, notes, and debentures __ __ 486,596.38
Corporate stocks (Including $4,500.00
Stock of Federal Reserve Bank) ______
4,500.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_____________ ,____
290,749.32
Bank premises owned __________________
33,000.00
Furniture and fixtures__________________
6,000.00
Real estate owned other than bank
premises --------------------------------------------18,032.29

Demand deposits of individuals, partner­
ships, and corporations ______________ $295,547.27
Time deposits of individuals, partner­
ships, and corporations ______________ 1,505,412.54
Deposits of United States Government
(including postal savings) ___________
31,100.00
Deposits of States and political sub­
divisions __ L_________________________
113,796.18
Other deposits (certified and officers’
checks, etc.) _________________________
9,712.65

Total

---------------------------------------------- $2,179,552.68


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits _____________________ 1,955,568.64
Capital accounts:
Second preferred stock ______________
30,000.00
Common stock _______________________
100,000.00
Surplus ______________________________
25,000.00
Undivided profits ____________________
35,684.04
Reserves _____________________________
33,300.00
Total

----- -----------------------------------------$2,179,552.68

3,574.00

103

S T A T E B A N K S O F M IC H IG A N
No. 553.
T H E STATE B A N K OF E W E N , E W E N .
Organized October 6, 1914.

E. J. H u m p h r e y , P resident ; Bow. E r ic k s o n , Vice P resid en t ; A n d r e w M. A n d e r so n , C ashier;
J o h n E. H u m p h r e y , A ssistan t Cashier.
D ir e c t o r s .— E. J. Humphrey, Andrew M. Anderson, Edw. Erickson, Anton Malnar, J. H.
W ilson.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $119,069.98
United States Government obligations,
direct and guaranteed________________
59,515.36
Obligations of States and political sub­
24,214.62
divisions _____________________________
Other bonds, notes, anddebentures _____
41,173.00
Corporate stocks (Including $1,500.00
1,500.00
Stock of Federal Reserve Bank) _____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
144,720.82
Bank premises owned __________________
20,000.00
Furniture and fixtures _________________
4,000.00
Real estate owned other than bank
2,806.96
premises ________

Demand deposits of individuals, partner­
$101,858.73
ships, and corporations _______
Time deposits of individuals, partner­
ships, and corporations _______________
220,494.22
Deposits of States and political sub­
divisions _____________________________
34,904.72
Other deposits (certified and officers’
checks, etc.) _________________________
3,459.83

Total

______________________________

Total deposits ______________________
Capital accounts:
First preferred stock ________________
Common stock _______________________
Undivided p ro fits _____________________
Reserves ,_____________________________

360,717.50

Total ______________________________

$417,000.74

$417,000.74

24,250.00
25,000.00
4,486.24
2,547.00

No. 788.
T H E F A R M IN G T O N

S T A T E B A N K , F A R M IN G T O N .

Organized A p ril 25, 1934.
H ow ar d M. W a r n e r , P resid en t ; Z ae R . A s c h e n B r e n n e r , F loyd N. N i c h o l s , Vice P resid en ts;
H ow ar d C. K n ic k e r b o c k e r , C ash ier; B yro n E. L a p h a m , A rv a le T ip p e r , A ssistant Cashiers.
D ir e c t o r s .— Howard M. Warner, Zae R. AschenBrenner, Floyd H. Nichols, Emory O. Hatton,
Howard C. Knickerbocker.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ------------------------------ $651,401.61
United States Government obligations,
direct and guaranteed ______________
136,653.80
Obligations of States and political sub­
divisions _______________ ,_____________
67,323.20
Other bonds, notes, anddebentures__ _
60,817.87
Corporate
stocks
(Including $1900.00
Stock of Federal Reserve Bank) — —
1,900.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
175,995.04
process of collection__________________
Furniture and fixtu res__ „ --------------------9,405.85
Other assets ______ .------------------------------429.26

Demand deposits of individuals, partner­
ships, and corporations _____________ $279,177.45
Time deposits of individuals, partner­
485,729.85
ships, and corporations____________
Deposits of United States Government
(including postal savings) ____________
11,276.30
Deposits of States and political sub­
divisions _____________________________
212,682.82
Deposits of banks -----------5,000.00
Other deposits (certified and officers’
10,465.72
checks, etc.) _________________________

Total

______________________________ $1,103,926.63


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________ 1,004,332.14
Other liabilities ________________________
11,517.77
Capital accounts:
First preferred stock _________________
15,500.00
Common stock _______________________
25,000.00
Surplus ______________________________
25,000.00
Undivided p ro fits_____________________
9,263.90
Reserves _____________________________
13,312.82
Total

_____________________ - _______ $1,103,926.63

104

S T A T E B A N K IN G D E P A R T M E N T
No. 629.
T H E F A R W E L L S T A T E S A Y IN G S B A N K , F A R W E L L .
Organized July 5, 1919.

D r . G er a ld E. L a m b , President and Chairman o f the B oa rd ; E dw ar d B. G l a s s , 1st Vice
P resid en t; C h a s A. G r a h a m , 2nd Vice P resid en t; F r a n k l in F. L it t l e f ie l d , 3rd Vice
P re s id en t; A l l e n R. G r a h a m , C ash ier; B er n ar d S c h o f ie l d , A ssistant Cashier.
D ir e c t o r s .— Allen R.

Graham, Edward B. Glass, Dr. Gerald E. Lamb, Chas. A . Graham,
Bernard Schofield, Franklin F. Littlefield.

Statement December 30, 1939.
ASSETS

l ia b il it ie s

Loans and discounts (including $57.90
overdrafts) ----------------------------------------- $109,881.33
United States Government obligations,
direct and guaranteed _______
15,000.00
Obligations of States and political sub­
divisions --------------------------------------------10,200.00
Other bonds, notes, and debentures____
1,250.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
58,378.41
Bank premises owned __________________
2,400.00
Furniture and fixtures _________________
1,600.00
Real estate owned other than bank
premises --------------------------------------------970.00

T o t a l----- ------------------------------------- -—

and

c a p it a l

accounts

Demand deposits of individuals, partnerships, and corporations ______________ $29,400.25
Time deposits of individuals, partner­
ships, and corporations ______________ 116,238.89
Deposits of States and political sub­
divisions ---------------------------------------------------19,756.82
Other deposits (certified and officers’
1,224.84
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
First preferred stock _________________
Common s t o c k ____:___ ________________
Surplus --------------------------------Undivided profits _____________________
Reserves ---------------------------------------------

$199,679.74

166,620.80
10,000.00
15,000.00
5,000.00
293.94
2,765.00

Total ------------------------------------------------ $199,679.74

No. 215.
T H E O L D S T A T E B A N K , F E N N V IL L E .
Organized March 14, 1899.
M. C. H u t c h in s o n , P resid en t ; P et e r H. B roe , Vice P resid en t ; W . J. H u t c h in s o n , C ash ier;
M. S. H u t c h in s o n , N el so n M. W a r ren , Assistant Cashiers.
D ir e c t o r s .— M. C. Hutchinson, W . J. Hutchinson, M. S. Hutchinson, Peter H . Broe, L. E.
Becher.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts __________________
$151,716.11
United States Government obligations,
direct and guaranteed _______________
45.100.00
Obligations of States and political sub­
divisions _____________________________
19,480.00
Other bonds, notes, and debentures____
22,368.50
Corporate stocks (Including $2,100.00
Stock of Federal Reserve Bank) _____
2,100.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
304,640.10
Bank premises owned __________________
25,967.94
Furniture and fixtures _________________
5,000.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $193,460.27
Time deposits of individuals, partner­
ships, and corporations __________ _ __ 268,117.21
Deposits of States and political sub­
divisions _____________________________
32,004.87
Other deposits (certified and officers’
checks, etc.) _________________________
1,020.73

Total

----------------------------------------------- $576,372.65


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________
Total

______________________________

494,603.08
50,000.00
20,000.00
11,769.57
$576,372.65

105

S T A T E B A N K S O F M IC H IG A N
No. 209.
S T A T E S A Y IN G S B A N K O F F E N T O N , F E N T O N .
Organized September 15, 1898.

G eorge G r e e n , P resident ; E. C. R e id , Vice President and C ash ier; R o b e r t F. S m i t h , O t i s
E. F o r m a n , A ssistant Cashiers.
D ir e c t o r s .— George W . Pellett, Dennis E. Kelleher, C. E. Rolland, L. A. Riedel,
Jennings, H . W . Hitchcock, George W . Cook, George Green, E. C. Reid.

J.

H.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $22.64
overdrafts) ___________________________ $594,474.84
United States Government obligations,
149,935.57
direct and guaranteed________________
Obligations of States and political sub­
divisions ____________________
111,213.78
Other bonds, notes, and debentures ____
84,465.97
Corporate Stocks (Including $2,700.00
Stock of Federal Reserve Bank) _____
2,700.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
276,091.91
Bank premises owned __________________
17,000.00
Furniture and fixtures ________________
4,000.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $306,308.98
Time deposits of individuals, partner­
ships, and corporations_______________
756,649.20
Deposits of States and political sub­
divisions ______________________
60,159.96
Other deposits (certified and officers’
checks, etc.) _______________ ,-------------11,957.47

Total _______________________________$1,239,882.07

T o t a l_______________________________ $1,239,882.07

Total deposits _____—
------------------------ 1,135,075.61
Other liabilities ________________________
2,000.00
Capital accounts:
First preferred stock _________________
30,000.00
50,000.00
Common stock _______________________
Surplus ____________
16,000.00
Undivided p ro fits_____________________
3,406.46
Reserves ____________________________
3,400.00

No. 495.
T H E S T A T E S A Y IN G S B A N K O F F L A T R O C K , F L A T R O C K .
Organized October 26, 1911.
J o h n C. N ea r , P resid en t; F r a n k S. P e t e r s , C. D. A u s u m , V ice P resid en ts; J. F r a n k M o rford ,
C ashier; B. B. W a l e s , A ssistant Cashier.
D ir e c t o r s .— John C. Near, Frank S. Peters, C. D. Ausum, George W . VanRiper, Julius Neifert,
O. H. Ruettinger, August L. Bunte.

Statem ent D ecem ber 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $212,627.41
United States Government obligations,
direct and guaranteed________________
124,200.00
Obligations of States and political sub­
divisions _____________________________
19,000.00
Other bonds, notes, and debentures------15,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash Items in
process of collection ________________ 67,934.37
Bank premises owned __________________
11,500.00
Furniture and fixtures__________________
1,500.00

T o t a l_____________________ _________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$451,761.78

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations --------------------Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________

$92,911.86
224,732.87
64,960.06
2,673.35

Total deposits ______________________
Capital accounts:
First preferred stock _________________
Common stock ______________ :________
Surplus _______________________
Undivided p ro fits _____________________
Reserves _____________________________

385,278.14

T o t a l_____________________ __________

$451,761.78

4,000.00
50,000.00
6,000.00
3,983.64
2,500.00

106

ST A T E B A N K IN G D E P A R T M E N T
No. 101.
C I T I Z E N S C O M M E R C IA L & S A V IN G S B A N K , F L IN T .
Organized July 19, 1890.
Four Branches in Flint.
One Branch in M t. M orris.

E. B u r r o u g h s , P resident and Chairman o f the B oa rd ; E r n e s t W . P o t t e r , E xecutive
F jce P resident j ^ ^ A t A j -e n T. S m i t h , L. A . C a m b r e y ^ Vice Presidents and Trust Officers:
W i l l ia m V e it , W . S. B a l l e n g e r , A r t h u r H . S a r v is , Vice P resid en ts; G ordon A F l e m in g
A l l e n C. P o h l y , E d w ar d E. G r o e h s l , G eorge J. R u s k a , A ssistant Vice P resid en ts; L eo E
K a n g a s C ash ier; M e l v in R. P r i e s t l e y , A u d ito r; G eorge B. L e a c h , B e r t h a M. S h e p n e r ,
J a m e s R . B u r r o u g h s , A ssistant C ashiers; J. G u y B l a c k in t o n , A ssistant Trust Officer.
D ir e c t o r s .— J. E. Burroughs. W illiam S. Ballenger, Fred B. Elliott, Sr.. Ilomer J. McBride
Edwin S. Lunt, W illiam Viet, Arthur H. Sarvis, Ernest W . Potter, Mathew Davison, Jr.,
Chas. A. Fellows.
J.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $2,177.26
overdrafts) -------- -------$9,852,711.66
United States Government obligations,
direct and guaranteed
_____________ 5,575,725.00
Obligations of States and political sub­
divisions --------------------------------------------- 1,049,350.54
Other bonds, notes, and debentures____
764,927.73
Corporate stocks (Including $45,000.00
Stock of Federal Reserve Bank) _____
45,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
6,635,976.55
process of collection___________
Bank premises owned __________________
603,797.13
Furniture and fixtures _________________
8[ooo.57
Real estate owned other than bank
68,946.35
premises --------------------------------------------Other assets -----------------------------------------160,507.24

Demand deposits of individuals, partner­
ships, and corporations ______________ $6,194,759.03
Time deposits of individuals, partner­
ships, and corporations ______________ 13,831,200.68
Deposits of United States Government
(including postal savings) ___________
47,689.62
Deposits of States and political sub­
divisions --------------------------------------------- 2,455,349.35
Deposits of banks ______________________
158,542.51
Other deposits (certified and officers’
checks, etc.) --------------------------------------128,723.34

Total

Total deposits _________________
22,816,264.53
Other liabilities ________________________
49,380.51
Capital accounts:
First preferred stock ________________
500,000.00
500,000.00
Common stock _______________________
Surplus ---------------------------------------------550,000.00
Undivided profits ____________________
206,517.35
Reserves _____________________________
142,780.38

$24,764,942.77

Total

---------------------------------------------$24,764,942.77

No. 23.
T H E G E N E S E E C O U N T Y S A V IN G S B A N K , F L IN T .
Organized M ay 1, 1872.
One Branch.
A . G. B is h o p ., Chairman o f the Board.
H a r l o w H . C u r t ic e , P resid en t; R. S. B i s h o p , Chairman of E xecu tive C om m ittee; G. E.
M e r r il l , E xecu tive Vice P resid en t; J a m e s M a r t i n , L. H . B r id g m a n , Vice P resid en ts'
G. W . O ’N e i l , Vice P resident and C ash ier; M. T. P o l l e y , L. L. S im o n s , A ssistant Cashiers ;
G. I. M a g in n , Auditor.
D ir e c t o r s . LeRoy F. Ball, A. G. Bishop, R. S. Bishop. L. H . Bridgman, H . H. Curtice
H. G. Gault, James Martin, G. E. Merrill, W m . A. Neither cut.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts -(including $340.87
overdrafts) ___ __________________ ___ $2,529,222.98
United States Government obligations,
direct and guaranteed________________ 1,121,877.60
Obligations of States and political sub­
divisions -------------- '------------------------------ 2,481,799.63
Other bonds, notes, and debentures ____ 1,153,000.33
Corporate stocks (Including $39,000.00
39,000.00
Stock of Federal Reserve Bank) ____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________ 3,359,815.30
Bank premises o w n e d ___ _______________
400,000.00
Furniture and fixtures _________________
12,000.00
Other assets ___________________________
864.61

Demand deposits of individuals, partner­
ships, and corporations ______________ $3,062,431.30
Time deposits of individuals, partner­
ships, and corporations ______________ 5,368,570.63
Deposits of States and political sub­
divisions --------------------------------------------- 851,185.46
Deposits of banks ______________________
232,891.02
Other deposits (certified and officers’
checks, etc.) --------------------------------------77,894.50

T o t a l---------------------------------------------- $11,097,580.45


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits _____________________ 9,592,972.91
Capital accounts:
Common stock ______________________ 1,000,000.00
Surplus ----------------------------------------------- 350,000.00
Undivided profits ____________________
42,131.28
Reserves --------------------------------------------112,476.26
T o t a l---------------------------------------------- $11,097,580.45

S T A T E B A N K S O F M IC H IG A N

107

T H E M E R C H A N T S & M E C H A N IC S B A N K O F F L IN T , F L IN T .
Organized July 23, 1927.
President ; F red A . A l d r ic h , Vice President ; L loyd H . D r a k e ,
E xecu tive Vice P resid en t; H o m e r E. W i l t , C ash ier; H. P. Z i m m e r m a n , W . N. S h e d d ,
F r a n k J. D a l y , A ssistant C ash iers; M a r ga ret B . R a m o t h , Auditor.

J oseph

H.

Craw ford,

D ir e c t o r s .— Joseph H. Crawford, Lloyd H. Drake, Fred S. Flick, H . M. Comins, Fred A.
Aldrich, Homer E. W ilt, Charles D. Crawford, Phil J. Braun, O. W . Young, Dr. B. W .
Malfroid.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $1,810,345.40
Demand deposits of individuals, partner­
United States Government obligations,
ships, and corporations ______________
$30,972.22
876,750.79
direct and guaranteed _______________
Time deposits of individuals, partner­
Obligations of States and political sub­
ships and corporations ________________ 3,155,614.60
divisions --------------------------------------------366,856.73
Deposits of States and political sub­
Other bonds, notes, and debentures________________ 128,627.86
divisions _____________________________
46,926.12
Corporate stocks _________________
9,000.00
Deposits of banks _____________________
49,500.00
Cash, balances with other banks, Includ­
Other deposits (certified and officers’
ing reserve balances, and cash items in
checks, etc.) _________________________
26,814.46
process of collection__________________
432,006.07
Bank premises owned __________________
93,550.00
Total deposits ______________________ 3,309,827.40
Furniture and fixtures _________________
22,100.27
Other liabilities _______________________
96,016.27
Real estate owned other than bank
Capital accounts:
premises _____________________________
904.45
250,000.00
Common stock _______________________
Other assets ___________________________
44.25
Surplus ---------------------------------------------55,000.00
Undivided p ro fits _____________________
24,496.35
Reserves _____________________________
4,845.80
T o t a l------------------------------------------------ $3,740,185.82

T o t a l------------------------------------- ---------- $3,740,185.82

No. 126.
T H E F I R S T S T A T E & S A V IN G S B A N K O F F L U S H IN G , F L U S H IN G .
Organized Novem ber 12, 1891.
A r t h u r K l e in p e l l , P resid en t; E. L. C o r n w e l l , Chairman of the Board and Vice P resid en t;
C. P. R o w e , C a sh ier; K e it h R. B a il e y , M. S. P a y t a s , A ssistant Cashiers.
D ir e c t o r s .— Arthur

Kleinpell, C. P. Rowe, Geo. Packard, E. L.
C. F. Luce, W illiam Minard, A. Phillips.

Cornwell, James Martin,

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $97.34
overdrafts) __________________________ $321,746.03
United States Government obligations,
direct and guaranteed _______________
103,100.00
Obligations of States and political sub­
divisions _____________________________
24,800.00
Other bonds, notes, and debentures ____
2,602.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
170,840.42
Bank premises owned __________________
19,100.00
Furniture and fixtures__________________
4,000.00
Real estate owned other than bank
premises _____________________________
8,632.98
Other assets ___________________________
600.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $105,560.08
Time deposits of individuals, partner­
ships, and corporations _____________
396,599.31
Deposits of States and political sub­
divisions --------------------------------------------38,233.00
Other deposits (certified and officers’
checks, etc.) --------------------------------------5,559.57

Total

----------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$655,421.43

Total deposits _____________________
Other liabilities ________________________
Capital accounts:
First preferred stock _________________
Common s t o c k ____ __________________
Surplus ______________________________
Undivided p ro fits _____________________
Reserves ________________________
Total

545,951.96
4,405.00
27,184.00
55,000.00
18,000.00
4,796.47
84.00

---------------------------------------------- $655,421.43

108

S T A T E B A N K IN G D E P A R T M E N T

No. 223.
T H E P E O P L E S S T A T E B A N K O F F L U S H IN G , M IC H IG A N .
Organized M arch 10, 1900.
F.

W.

P resid en t; G eorge L.

B o w e r , Vice P re s id en t;
P a u l G. S h e p a r d , A ssistan t Cashier.

H e r t r ic h ,

D ir e c t o r s .

F.

W.

Hertrich, George L. Bower, Henry Brophy,
Bueche, Paul G. Shepard, Mylo Ragan.

M ylo

Harry

L.

R agan,

C ashier;

Mann,

Paul D.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and d iscounts_I_____ __'____ ____ $173 817.7s
United States Government obligations,
direct and guaranteed ______ ______ __
27,350.00
Obligations of States and political sub­
divisions -------------------12,574.40
Other bonds, notes, and debentures ____
58,584.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
128,669.55
process of collection _______
Bank premises o w n e d __ _______________
4 500 00
Furniture and fixtures ____________________
’50000

Demand deposits of individuals, partnershlps, and corporations _______
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions — --------------------Other deposits (certified and officers’
checks, etc.) --------------------------------------Total deposits ---------------------------------Capital accounts:
Common stock _______________________
Surplus ----------------------------------------------Undivided p ro fits _____________________
Reserves ------------------------------------------- _

$405,995.73

T o t a l-----------------------------------------------

$56,503.24
264,892.48
27,077.76
2,945.28
351,418.76
25,000.00
15,000.00
6,265.81
s'31l!l6
$405,995.73

No. 454.
F O U N T A IN S T A T E B A N K , F O U N T A IN .
Organized November 3, 1909.
H e n r y C. A r p , P resid en t; F red W . R e e k , Vice P resid en t; H . J. G r e go ry , Cashier and Trust

Officer.
D ir e c t o r s .— Fred W . Reek, H. J. Gregory, Henry C. Arp, C. M. Spencer, Ivy Gregory.

Statem ent December 30, 1939.
ASSETS
Loans and discounts ___________________
United States Government obligations,
direct and guaranteed __________ :___
Obligations of States and political sub­
divisions --------------------------------------------Other bonds, notes, and debentures____
Corporate stocks _______
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ___________
Bank premises owned __________________
Furniture and fixtures _________________
Total

----------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
$91,318.97
10,400.00
1,500.00
5.053.00
1,000.00
69,744.89
2,000.00
500.00
$181,516.86

Demand deposits of individuals, partnerships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ___________ __
Deposits of States and political sub­
divisions --------------------------------------------Total deposits ______________________
Capital accounts:
Common stock -----------------------------------Surplus ----------------------------------------------Undivided p ro fits _____________________
Total

------------------------------------------ ----

$32,078.61
99,669.39
14,203.74
145,951.74
25 000 00
8,000.00
2,565.12
$181,516.86

109

S T A T E B A N K S O F M IC H IG A N

No. 141.
T H E S T A T E S A Y IN G S B A N K , F O W L E R .
Organized A u gu st 7, 1892.
F r a n k G. W h i t t a k e r , P resid en t ; J o h n K r a m e r , Vice P resid en t ;
F . H . T ie d t , A ssistan t Cashier.

R . P . T h e l e n , C ashier;

D ir e c t o r s .— Frank G. W hittaker, W m . M. Leucht, R. P. Thelen, W m . Davarn, Charles A.
Martin, John Kramer, Henry Cook.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $.12 over­
drafts) _______________________________ $248,462.00
United States Government obligations,
direct and guaranteed________________
112,129.15
Obligations of States and political sub­
divisions -----86,184.55
77,684.42
Other bonds, notes, and debentures------Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
155,915.13
Bank premises ow n ed ___________________
6,750.00
Furniture and fixtures _________________
650.00
62.35
Other assets ___________________________

Demand deposits of individuals, partner­
ships, and corporations ___________ — $168,224.34
Time deposits of individuals, partner­
ships, and corporations____ 407,995.19
Deposits of States and political sub­
divisions -------------------------------------------45,500.17
Other deposits (certified and officers’
1,208.08
checks, etc.) -------------------

Total _______________________________

Total deposits --------------------------------Other liabilities ________________________
Capital accounts:
Common s to c k -------------------------------------Surplus ----------------------------------------------Undivided profits ____________________

622,927.78
3,643.58

T o t a l_______________________________

$687,837.60

$687,837.60

50,000.00
5,000.00
6,266.24

No. 293.
T H E S T A T E B A N K O F F O W L E R V IL L E , F O W L E R V IL L E .
Organized June 1, 1904.
D o n ald W . G r if f e n , Chairman o f the Board.
W

il l ia m

H. E l l s w o r t h , P resid en t; R. C. S m i t h , V ice P resid en t; E l is a b e t h
C a sh ier; H ulda M. E u p e r , A ssistant Cashier.

D ir e c t o r s .— W illiam

S c h n e id e r ,

H. Ellsworth, R. C. Smith, J. G. Horton, Elisabeth Schneider, F. J.
Smith, Donald Griffin, Alex J. Ellsworth.

Statem ent December 30, 1939.
ASSETS
Loans and discounts ___________________
United States Government obligations,
direct and guaranteed________________
Obligations of States and political sub­
divisions _____________________________
Other bonds, notes, and debentures------Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
Other assets ___________________________

Total

___ __________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
$50,650.00
84,000.00
52,000.00
39,990.00
186,569.04
2.46

$413,211.50

Demand deposits of individuals, partner­
ships, and corporations ______________ $189,255.54
Time deposits of individuals, partner­
ships, and corporations --------------------114,710.39
Deposits of States and political sub­
divisions __-__________________________
35,885.26
Other deposits (certified and officers’
checks, etc.) _______________
471.50
Total deposits --------------------------------Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Total

___ - ____________ - ___________

340,322.69
50,000.00
21,000.00
1,888.81
$413,211.50

110

S T A T E B A N K IN G D E P A R T M E N T
No. 450.
FR AN K EN M U TH STATE BAN K, FR AN K EN M U TH .
Organized M arch 21, 1910.

O t t o T r in k l e i n , President and Chairman o f the B oa rd ; L o r e n z C. L i s t , Vice P resid en t;
R. W . K e r n , C ash ier; E m i l R u m m e l , A ssistant Cashier.
D ir e c t o r s .— John L. Geyer, Lorenz C. List, Carl Nuechterlein, E. A. Pillsbury, Jacob Rummel,
John G. Schwab, S. A. Sommers, W illiam Stromer, Otto Trinklein, Ferdinand W eiss, R. W .
Kern.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $551.16
overdrafts) -----------------------------------------$1,085,258.02
United States Government obligations,
direct and guaranteed _______________
400,281.89
Obligations of States and political sub­
divisions --------------------------------------------155,809.54
Other bonds, notes, and debentures __ ..
217,982.75
Corporate stocks (Including $5,050.00
Stock of Federal Reserve Bank) _____
5.050.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
388,629.72
Bank premises owned __________________
8,500.00
Furniture and fixtures _________________
3,'000.00

Demand deposits of individuals, partnerships, and corporations _______________$405,790.36
Time deposits of individuals, partner­
ships, and corporations _____________ 1,581,847.69
Deposits of States and political sub­
divisions _________
38,829.49
Other deposits (certified and officers’
checks, etc.) _________________________
22,028.17

Total

Total deposits ________________ _____ 2,048,495.71
Capital accounts:
Common stock _______________________
117,000.00
Surplus ----------------------------------------------53,000.00
Undivided p ro fits _____________________
30,016.21
Reserves --------------------------------------------16,000.00

$2,264,511.92

Total

$2,264,511.92

No. 229.
S T A T E S A V IN G S B A N K , F R A N K F O R T , M IC H IG A N .
Organized January 30, 1901.
N.

E.

Sa y l e s,

P resid en t;

D eo C o u r v il l e , Vice P resid en t;
M o r r is s e y , A ssistant Cashier.

L.

D.

R o se ,

C a sh ier; L ois

D ir e c t o r s .— L. D. Rose, N. E. Sayles, Roy Collins, W m . R. Olsen, O. T. Larson, Deo Courville,
F.
R. Thacker, M. D„ Percy Smeltzer, E. C. Kilian.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $52.68
overdrafts) ---------------------------------------- $316,717.10
United States Government obligations,
direct and guaranteed _______________
30,500.00
Obligations of States and political sub­
divisions --------------------------------------------22,380.62
Other bonds, notes, and debentures____
9,702.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _____ ________ .__
129,374.18
Bank premises owned __________________
5,400.00
Furniture and fixtures _________________
2,000.00
Real estate owned other than bank
premises --------------------------------------------900.00

Demand deposits of individuals, partner­
ships, and corporations ____________
$173,902.76
Time deposits of individuals, partner­
ships, and corporations ______________ 258,321.82
Deposits of States and political sub­
divisions -----------34,245.39
Other deposits (certified and officers’
checks, etc.) _________________________
670.90

Total

----------------------------------------------- $516,974.40


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits______________ _ ______
467,140.87
Capital accounts:
First preferredstock __________________
20,000.00
Common stock
______________________
25,000.00
Surplus -------------------------------------------------3,500.00
Undivided profits _______________________
1,333.53
Total

-------------------------------- .-------- ___ $516,974.40

111

S T A T E B A N K S O F M IC H IG A N
No. 461.
T H E STA TE B A N K O F F R ASER , FR A SE R .
Organized July 10, 1910.
H enry

J. B o h n , P resid en t; W il l ia m L. H a r t s ig , J o s e p h C o u c h e z , V ice P resid en ts;
T h eodor e B o h n , C ash ier; E. A. S c h w a r z k o f f , A uditor and Vice President.

D ir e c t o r s .— Henry J. Bohn, Joseph Couchez, W illiam L. Hartsig, Leonard Miesel, Charles
A. Retzlaff, E. A. Schwarzkoff, Fred Boeckenhauer.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $54.32
overdrafts) _________________________ — $234,636.85
United States Government obligations,
direct and guaranteed -----------------------86,451.57
Obligations of States and political sub­
divisions _____________________________
31,546.31
Other bonds, notes, and debentures___
37,493.37
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
145,046.46
Bank premises owned __________________
12,500.00
Furniture and fixtures _________________
3,145.52

T o t a l_______________________________

Demand deposits of individuals, partner­
ships, and corporations-----------------------Time deposits of individuals, partner­
ships, and corporations ---------------------Deposits of States and political sub­
divisions ____ - _______________________
Deposits of banks ______________________
Other deposits (certified and officers’
checks, etc.) _________________________

$64,377.73
341,269.59
88,258.10
11,468.04
1,227.58

Total deposits _______________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Undivided profits ____________________
Reserves _____________________________

506,601.04
731.15

T o t a l_______________________________

$550,820.08

$550,820.08

32,100.00
6,606.82
4,781.07

No. 654.
FR EE LAN D STATE BAN K , FREELAN D .
Organized January 16, 1920.
C h a r l e s W o l o h a n , P resid en t; C l if t o n R e a v e y , C ash ier; R o b e r t T . S a r l e , J o h n L a u t e r b a c h , V ice P resid en ts ; H a r r ie t E. R e a v e y , A ssistant Cashier.
D ir e c t o r s .— Charles Wolohan, Robert T . Sarle, John Lauterbach, Clifton Reavey, Harriet
E. Reavey.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $23.96
overdrafts) ___________________________ $160,358.86
United States Government obligations,
direct and guaranteed — :----------------- 35,625.00
Obligations of States and political sub­
divisions _____________________________
28,764.39
Other bonds, notes, and debentures------26,291.73
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection____________
54,294.23
Bank premises owned --------------------------997.50
Furniture and fixtures --------------------952.50

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$307,284.21

Demand deposits of individuals, partner­
ships, and corporations ---------------------Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits______________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________
Total

______________________________

$68,532.77
195,414.92
8,147.49
615.44
272,710.62
1,696.72
25,000.00
5,000.00
2,876.87
$307,284.21

112

S T A T E B A N K IN G D E P A R T M E N T
No. 297.
TH E FREM ON T STATE B AN K , FREM ONT.
Organized M ay 24, 1904.

M il o

A.

P resid en t;

W h it e ,

R ic h a r d
D ir e c t o r s .

Milo

A.

H a r r y D. R e b e r , Vice P resid en tj C la r e K e m f p ,
D obbe n , F r a n k H . M a r s h , A ssistan t Cashiers.

White, May Kempf, Clare Kempf, Lambert
W hite, Harry D. Reber, S. S. Nisbet.

Geerlings,

Cashier;

Charles

O.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $50.86
overdrafts) ---------------------------------------- $291,334.88
United States Government obligations,
direct and guaranteed________________
95,775.00
Obligations of States and political sub­
divisions --------------------------------------------63,278.65
Other bonds, notes, and debentures____
49,461.50
Corporate
stocks
(Including $1500.00
Stock of Federal Reserve Bank) _____
1,500.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
175,197.80
28 000 00
Bank premises owned __________________
Furniture and fixtures _________________
6iooo!oo
Real estate owned other than bank
premises ------------------------------------------6,933.14

Demand deposits of individuals, partnerships, and corporations ______________ $109,993.67
Time deposits of individuals, partner­
ships, and corporations_______________
489,076.06
Deposits of United States Government
(including postal savings) ____________
8,760.00
Deposits of States and political sub­
divisions -------------------------------- !____ ___
49,520.29
Other deposits (certified and officers’
3,526.69
checks, etc.) --------------------------------------Total deposits----------------------------------Capital accounts:
Common stock -----------------------------------Surplus ----------------------------------------------Undivided p ro fits _____________________

Total ----------------------------------------------- $717,480.97

Total

660,876.71
50,000.00
5,000.00
1,604.26

----------------------------------------------- $717,480.97

No. 345.
T H E OLD STA TE B A N K OF FREM ONT, FREM ON T.
Organized July 13, 1906.
C o r n e l iu s

G e r ber , Chairman o f the Board.

D. D. A l t o n , P resid en t; F r a n k G e r ber , 1st V ice P resid en t; W . H. B a r n u h , M D
2nd
Vice P re s id en t; H e r m a n S c h u it e m a n , C a sh ier; M a r s h a l l H . P e l l e g r o m , A ssistant
C ash ier; B e r t V a n d e r M e u l e n , A ssistan t Cashier and Auditor.
D ir e c t o r s .— Frank Gerber, T. I. Fry, W . H . Barnum, M. D „ W m . J. Branstrom, Cornelius
Gerber, Dallas D. Alton, Herman McKinley, Herman Schuiteman.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $40.88
overdrafts) ---------------------------------------- $380,651.30
United States Government obligations,
direct and guaranteed________________
129,856.16
Obligations of States and political subdivisions --------------------------------------------88,616.71
Other bonds, notes, and debentures____
33,430.01
Corporate stocks (Including $2,400.00
Stock of Federal Reserve Bank) _____
2,400.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
187,947 87
Bank premises o w n e d _________________
26 592 00
Furniture and fixtures ________________ I
3 437 14

Demand deposits of individuals, partner­
ships, and corporations ______________ $252,917.83
Time deposits of individuals, partner­
ships, and corporations_________ I_____
394,670.18
Deposits of United States Government
(including postal savings) _____________
23,250.00
Deposits of States and political sub­
divisions --------------------------------------------62,967.18
Other deposits (certified and officers’
checks, etc.) --------------------------------------7,780.59


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$852,931.19

Total deposits ______________________
741,585.78
Capital accounts:
Common stock _________________________
61,725.00
Surplus ------------------------------------------------2o[ooo!oo
Undivided profits ______________________
29,620.41
Total

----------------------------------------------- $852,931.19

S T A T E B A N K S O F M IC H IG A N

113

N o. 362.
T H E S T A T E S A V IN G S B A N K O F G A G E T O W N , G A G E T O W N .
Organized February 6, 1907.
J . L. P u r dy ,, P re s id en t; L. C. P u r dy , V ice P resid en t; E d it h
W il s o n , A ssistant Cashier.

E. M il l e r , C ash ier; D.

G.

D irectors .— J. L. Purdy, L. C. Purdy, D. G. W ilson, C. O. Purdy, F. D. Hemerick.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $33.03
overdrafts) ____________
United States Government obligations,
direct and guaranteed________________
Obligations of States and political sub­
divisions --------------------------------------------Other bonds, notes, and debentures____
Corporate stocks
(Including $1150.00
Stock of Federal Reserve Bank) _____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
Bank premises owned __________________
Furniture and fixtures _________________

$90,243.43
20,369.00
45,273.67
7,425.00
1,150.00
88,197.02
5,000.00
950.00

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of United States Government
(including postal savings) ___________
Deposits of States and political sub­
divisions _____________________________

$55,175.30
143,709.47
399.31
19,315.41

Total deposits________ ._____________
Other liabilities __________________
Capital accounts:
First preferred stock _________________
Common s to c k ________________________
Surplus ______________________________
Undivided p ro fits _____________________
Reserves _____________________________

218,599.49
1.067.50

T o t a l_______________________________

$258,608.12

T o t a l------------------------- ---------------------- $258,608.12

4,500.00
25,000.00
8,400.00
241.13
800.00

No. 153.
T H E G A Y L O R D S T A T E S A V IN G S B A N K , G A Y L O R D .
Organized M arch 2, 1893.
F r a n k J. S h i p p , P resid en t; F red E . C o ok , Vice P re s id en t; N o r m a n E . G l a s s e r , C ash ier;
C l y d a B. C o o k , W a l t e r J. K o w a l e s k i , A ssistant Cashiers.
D ir e c t o r s .— Frank J. Shipp, Norman E. Glasser, Fred E. Cook, Lester C. Lunden, Rae E.
Kramer, Allan Schreur, Howard C. Walker.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $28.09
overdrafts) ___________
$380,021.89
United States Government obligations,
direct and guaranteed _______________
104,000.00
Obligations of States and political sub­
divisions --------------------------------------------42,000.00
Other bonds, notes, and debentures____
39,735.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
138,313.69
Bank premises owned _________________
12,000.00
Furniture and fixtures _________________
1,250.00
Other assets ___________________________
3,098.29

Demand deposits of individuals, partner­
ships, and corporations_______________ $180,311.48
Time deposits of individuals, partner­
ships, and corporations_______________
380,228.64
Deposits of United States Government
(including postal savings) ____________
15,000.00
Deposits of States and political sub­
divisions ___
68,027.41
Other deposits (certified and officers’
checks, etc.) _____________________ .___
5,206.57

Total

----------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$720,418.87

Total deposits ______________________
648,774.10
Capital accounts:
Common stock _______________________
44,000.00
Surplus ________________________________
15,000.00
Undivided p ro fits ______ ________________
10,073.31
Reserves _________ _________ ^________
2,571.46
Total

----------------------------------------------

$720,418.87

114

S T A T E B A N K IN G D E P A R T M E N T
No. 507.
T H E G L A D S T O N E S T A T E S A V IN G S B A N K , G L A D S T O N E .
Organized M ay SI, 1912.

S w a n G. N e l s o n , P resid en t ; C a s p e r W . E l q u i s t , V ice P resid en t; J o h n M. O l s o n , Cashier;
W a l t e r L. O l s o n , A ssistant Cashier.
D ir e c t o r s .— Swan

G. Nelson, Casper W . Elquist, Bernard R. Micks, C.
M. Olson, W m . L. Marble, Lewis Empson.

S.

Slining, John

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $253.52
overdrafts) ___________________________ $387,068.11
United States Government obligations,
direct and guaranteed ____________
159,810.27
Obligations of States and political sub­
divisions -----------------------23,100.00
Other bonds, notes, and debentures____
126,712.26
Corporate stocks (Including $2,800.00
Stock of Federal Reserve Bank) _____
2,800.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
280,444.37
process of collection__________________
Bank premises o w n e d _.________________
5,000.00
Furniture and fixtures _________________
4,800.00

Demand deposits of individuals, partner­
ships, and corporations_______________ $193,477.30
Time deposits of individuals, partner­
ships, and corporations _______
647,736.26
Deposits of United States Government
(including postal savings) ___________
12,078.80
Deposits of States and political sub­
22,948.08
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _______________
6,928.40

Total

Total deposits ______________________
Capital accounts:
First preferred stock _________________
Second preferred stock _______________
Common stock _______________________
Undivided p ro fits _____________________
Reserves _____________________________
Total

----------------------------------------------- $989,735.01

______________________________

883,168.84
30,000.00
12,000.00
50,000.00
12,948.12
1,618.05
$989,735.01

No. 594.
T H E F I R S T S T A T E S A V IN G S B A N K O F G L A D W I N , G L A D W I N .
Organized M ay 16, 1917.
F red L eonard , P resident and Chairman o f the B o a rd ; C h a s . E. O g l e s t o n e , J. F. S c h u l z ,
Vice P resid en ts ; W a l t e r H . S t i c k e l , Cashier.
D ir e c t o r s .— J.

F. Schulz, Harry M. Myers, Melvin H. Aitkin, James
Leonard, Fred Leonard, Chas. E. Oglestone, Dan Allen.

Croskery,

Frank

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $3.12
overdrafts) _____ ,_____________________ $144,868.68
United States Government obligations,
direct and guaranteed _______________
306,235.25
Obligations of States and political sub­
divisions _____________________________
130,868.89
Other bonds, notes, and debentures____
77,501.21
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
188,977.71
Bank premises owned __________________
3,800.00
Furniture and fixtures _________________
1,400.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $270,338.56
Time deposits of individuals, partner­
ships, and corporations ______________ 370,810.45
Deposits of States and political sub­
divisions _______
118,050.77
Other deposits (certified and officers’
checks, etc.) _________________________
7,349.11

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$853,651.74

Total deposits _____________________
Capital accounts:
First preferred stock ____________
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________
Total

----------------------------------------------

766,548.89
30,000.00
30,000.00
5,000.00
11,681.80
10,421.05
$853,651.74

S T A T E B A N K S O F M IC H IG A N

115

No. 249.
GRAND H AVEN STATE BAN K , GRAND H AVEN.
Organized September 12, 1901.
B. P. S h e r w o o d ^ P resid en t; A. E. G a l e , V ice P resid en t; B. P. S h e r w o o d , J r ., C ashier;
L. V an S c h e l v e n , M. G. M e t z l e r , A ssistant C ashiers; H. J. V e r h o e k s , Trust Officer.
D ir e c t o r s .-— J. Edgar Lee, N. Robbins, B. Frank Harbeck, W . H. Loutit, Edward W .
Moll, J. F. Johnston, B. P. Sherwood, John H . Reichardt, Paul A . Johnson.

F.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $244.84
overdrafts) ___________________________ $1,268,537.67
United States Government obligations,
direct and guaranteed _______________
262,788.30
Obligations of States and political sub­
divisions _____________________________
329,876.30
Other bonds, notes, and debentures __
172,112.14
Corporate stocks
(Including $6300.00
6,300.00
Stock of Federal Reserve Bank) _____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
911,915.56
Bank premises owned __________________
69,000.00
Real estate owned other than bank
premises _____________________________
21,400.62
911.56
Other assets ___________ ._______________

Demand deposits of individuals, partner­
ships, and corporations ______________ $654,583.58
Time deposits of individuals, partner­
ships, and corporations ______________ 1,903,515.49
Deposits of United States Government
(including postal savings) ____________
53,792.95
Deposits of States and political sub­
159,308.27
divisions _____________________________
Deposits of banks __________________
12,128.04
Other deposits (certified and officers’
checks, etc.) ___
11,829.70

Tptal

Total deposits _____________________ 2,795,158.03
Other liabilities ________________________
14,089.95
Capital accounts:
First preferred stock _________________
40,000.00
125,000.00
Common stock _______________________
Surplus ______________________________
45,000.00
Undivided profits ____________________
17,673.67
Reserves _____________________________
5,920.50

----------- ---------------------------------- $3,042,842.15

Total

------------------------- --------------------- $3,042,842.15

No. 443.
T H E P E O P L E S S A V IN G S B A N K O F G R A N D H A V E N , G R A N D H A V E N .
Organized January 12, 1910.
H e n r y J. D o r n b o s , P resid en t; W m . V er D u in , 2nd V ice P resid en t; G. L. D o r n b o s ., 3rd Vice
P resid en t; F r e d e r ic k C. B o l t , 1st Vice President and C ash ier; L. V. W a l s h , A ssistant
Vice P resid en t; W m . H . P e l l e g r o m , J o h n L in d e m u l d e r , A ssistant C a sh iers; A. E.
W e l l in g , Auditor.
D ir e c t o r s .— Henry J. Dornbos, Gerrit L. Dornbos, J. F. Johnston, W m . Ver Duin, Frederick
C. Bolt, W . H . Stansberry.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $29.69
overdrafts) ___________________________ $982,119.29
United States Government obligations,
direct and guaranteed________________
47,313.56
Obligations of States and political sub­
divisions ____________________________
210,482.08
Other bonds, notes, anddebentures_____
180,936.78
Corporate
stocks
(Including $3900.00
Stock of Federal Reserve Bank) ______
3,900.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
523,017.92
Bank premises owned __________________
20,000.00
Furniture and fixtu res_______ __________
3,135.01
Real estate owned other than bank
premises ___ __________________________
13,185.97

Demand deposits of individuals, partner­
ships, and corporations _____________ $191,522.15
Time deposits of individuals, partner­
ships, and corporations_______________ 1,153,624.22
Deposits of States and political sub­
divisions _____________________________
448,525.95
Other deposits (certified and officers’
checks, etc.) _________________________
17,193.98

Total _______________________________$1,984,090.61

T o t a l_______________________________ $1,984,090.61


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits _______ ______________ 1,810,866.30
Other liabilities ________________________
7,500.00
Capital accounts:
First preferred stock _________________
30,000.00
Common stock _______________________
75,000.00
25,000.00
Surplus _____________________________
Undivided p ro fits_____________________
23,697.31
12,027.00
Reserves __________

116

S T A T E B A N K IN G D E P A R T M E N T
No. 308.
TH E GRAND LEDGE STATE BANK, GRAND LEDGE.
Organized M ay 8, 1905.

A

R.

G il l ie s ,

D ir e c t o r s .— R.

P resid en t;

D o t y , Vice P resid en t; H. D. T o w n e e , E xecu tive
P resid en t; W . F. R o b in s o n , Cashier.

S. Doty, A.

R.

S.

R. Gillies, C. E. Hathaway, W .
H. D. Towner, T. Carl Holbrook.

F.

Robinson,

Myron

Vice

Smith,

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $10.18
overdrafts) ___________________________ $230,178.67
United States Government obligations,
direct and guaranteed________________
78,415.63
Obligations of States and political sub­
divisions __________________
98,000.00
Other bonds, notes, and debentures____
46,141.82
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________ 1______
189,910.95
Bank premises owned __________
15,000.00
Furniture and fixtures _________________
2,200.31
2,158.45
Other assets ___________________________

Demand deposits of individuals, partner­
ships, and corporations_______________ $158,889.22
Time deposits of individuals, partner­
ships, and corporations_______________
362,304.16
Deposits of United States Government
(including postal savings) ____________
25,000.00
Deposits of States and political sub­
divisions ________ — _________________
36,598.77
Other deposits (certified and officers’
checks, etc.) _________________________
10,294.87

T o t a l_______________________________

593,087.02
Total deposits _________ ’___________
Capital accounts:
Commonstock _________________________
50,000.00
Surplus
_____________________________
12,500.00
Undividedp ro fits ________________________
3,079.75
Reserves _____________________
T o t a l_______________________________

$662,005.83

$662,005.83

No. 389.
L O A N A N D D E P O S IT S T A T E B A N K , G R A N D L E D G E .
Organized F ebruary 29, 1908.
F red L. B e r r y , Chairman of the Board.
C. M. M a r i s , P resid en t; J o h n B. S t r a n g e , Vice P resid en t; R u t g e r s A l e x a n d e r , C ash ier;
R u s s e l l B r u n g e r , A ssistant Cashier.
D ir e c t o r s .— W alter R. McLean, John B. Strange, Charles A. Baribeau, F. Ben McMullen,
C. M. Maris, Harry S. Byam, Russell Brunger, Rutgers Alexander, Fred L. Berry.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $22.29
ov erd ra fts)__________________________ $231,622.32
United States Government obligations,
direct and guaranteed______
88,962.50
Obligations of States and political sub­
divisions _______ f ____________________
117,502.22
Other bonds, notes, and debentures____
47,728.87
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection____ ;_________ ____
257,580.47
17,250.00
Bank premises owned __________________
Furniture and fixtures _________________
201.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $268,102.16
Time deposits of individuals, partner­
ships, and corporations ______________ 376,034.64
Deposits of States and political sub­
divisions ____________________________
47,288.70
Other deposits (certified and officers’
checks, etc.) ___________________ ______
871.37

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$760,847.38

Total deposits _____________________
Capital accounts:
Common stock _______________________
Surplus ___
Undivided p ro fits _____________________
Total

__________________________ .___

692,296.87
50,000.00
10,000.00
8,550.51
$760,847.38

3,339.06

S T A T E B A N K S O F M IC H IG A N

No. 780.

117

'

C E N T R A L B A N K , G R A N D R A P ID S .
Organized F ebruary 13, 1934.
V ic t o r M . T u t h i l l , Chairman o f the Board.
L eon

T.

C l o s t e r h o u s e , P resid en t; G eorge B . K in g s t o n , C. L in c o l n L in d e r h o i . m , Vice
P resid en ts; W m . T. H a k k e n , Cashier; N ea l D e K r a k e r , A ssistant Cashier.

D ir e c t o r s .— Leon T. Closterliouse, George B. Kingston, Gaylord Nelson, Victor M. Tuthill,
Charles H. Warden, George L. Young, James K . Miller, Donald J. Porter.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $96.78
overdrafts) __ :_______________________ $1,211,065.21
United States Government obligations, *
146,900.00
direct and guaranteed________________
Obligations of States and political sub­
divisions _____________________________
250,619.97
Other bonds, notes, and debentures____
77,825.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
578,256.30
process of collection _________________
Bank premises owned __________________
107,869.34
Furniture and fixtures _________________
1.00
Real estate owned other than bank
32,908.64
premises _____________________________

Demand deposits of individuals, partner­
ships, and corporations__ _____________ $776,545.14
Time deposits of individuals, partner­
ships, and corporations ______________ 1,022,166.07
Deposits of States and political sub­
divisions _____________________________
157,542.40
Deposits of banks ______________________
41,561.87
Other deposits (certified and officers’
43,524.27
checks, etc.) _________________________

Total

$2,405,445.46

Total d eposits_______
2,041,339.75
Capital accounts:
Common stock '_____________________
250,000.00
Surplus ______________________________
57,500.00
Undivided profits ____________________
51,716.81
Reserves ______________________________
4,888.90
Total

$2,405,445.46

T H E C IT IZ E N S I N D U S T R IA L B A N K , G R A N D R A P ID S .
Organized October 26, 1927.
T. H. G oodspeed , P resid en t; D o n ald B. W u r zb u rg , Vice P resid en t; B ernard B. F a llo n , Vice
President and Cashier ; H e r b e r t E. R a s c h , Assistant Cashier ; A lb e r t B u ik e m a , Auditor.
D ir e c t o r s .— T. H . Goodspeed, T. H. Goodspeed, Jr., Benn M. Corwin, Thomas Dempster, Jr.,
Bernard B. Fallon, Donald B. Wurzburg, Ralph F. Baldwin, John D. Karel, Herbert E.
Rasch.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts------------------------------- $498,945.19
United States Government obligations,
direct and guaranteed ________________
25,875.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________
156,633.02
Furniture and fixtures _________________
3,855.83
Real estate owned other than bank
premises _____________________________
350.00
Other a ssets_____ - ________________ :____
92.34

Time deposits of individuals, partner­
ships, and corporations ______________ $460,564.98
Deposits of banks ______________________
33,000.00

Total

_____ ____ —_________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$685,751.38

Total deposits ______________________
Other liabilities _______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits_____________________
Reserves _____________________________
Total

______________________________

493,564.98
21,287.28
100,000.00
55,000.00
10,652.29
5,246.83
$685,751.38

118

S T A T E B A N K IN G D E P A R T M E N T
G R A N D R A P I D S T R U S T C O M P A N Y , G R A N D R A P ID S .
Organized April 1, 1913.

J o s e p h H. B r e w e r , P resid en t; F r a n k G. D e a n e , M e l v il l e R. B isse ill , J r ., L e e W . F i n c h ,
A m o s F. P a l e y , S a m u e l G. B u c k n e r , Vice P resid en ts ; J a m e s R. H o ope r , V ice President
and Trust Officer ; A r t h u r E. W e l l s , S ecreta ry ; H e n r y C. W o r f e l , V ice P resident and
T reasurer ; F r a n k W . S c h m id t , A ssistant S ecretary and A ssistant T reasurer ; J o s e p h F.
S h a w , Auditor and A ssistant S ec r e ta r y ; F red A . W orden , Manager, Real E sta te D epart­

ment.
D ir e c t o r s .— Melville R. Bissell, Jr., Joseph H . Brewer, Leon T. Closterhouse, Louis A.
Cornelius, Frank G. Deane, Bernard B. Fallon, Theron H . Goodspeed, James R. Hooper,
Ellis W . Ranney, Arthur E. W ells.

Statem ent December 30, 1939.
ASSETS

LIABILITIES

Loans ____
$250,661.05
21,789.05
Advances to trusts _____________________
Accounts receivable ____________________
49,507.40
United States Government obligations,
direct and fully guaranteed __________
10,000.00
Other bonds, stocks, and securities ____
4,248.70
Cash, and balances with designated de­
positaries, fiduciary funds ____________ 1,376,050.15
Banking house _________________________
250,000.00
69,033.50
Furniture and fixtures __________ :______
Safe deposit vaults ____________________
31,323.15
Real estate owned other than banking
house -------------------------------------------------50,681.89
Accrued Interest receivable _____________
10,476.67
3,487.50
Other assets____________________________

Fiduciary funds ________________________ $1,578,234.63
Interest, taxes, and other expenses ac­
crued and unpaid ____________________
14,306.13
Other liabilities ________________________
24,289.04
Capital account:
First preferred stock _________________
100,000.00
300,000.00
Common stock _______________________
Surplus ______________________________
80,000.00
Undivided p ro fits _____________________
30,429.26

Total

---------------------------------------------- $2,127,259.06

Total, including capital account ___$2,127,259.06

T H E M IC H IG A N T R U S T C O M P A N Y , G R A N D R A P ID S .
Organized June 1, 1889.
G eorge C. T h o m s o n , P resid en t; H o w a r d C. L a w r e n c e , E xecu tive V ice P resid en t; H en ry
I d e m a , Senior Vice P resid en t; G u y C. L i l l i e , A rend V. D u b ee , W a l t e r F. W h i t m a n ,
N o y e s L. A v e r y , A . C. S h a r p e , Vice P resid en ts ; A l e x a n d e r S. P a l m e r , A ssistan t Vice
P resident and S ec r e ta r y ; J. D o n a ld M c C o r m ic k , H a r r y B . W a g n e r , G eorge H . W h i t ­
w o r t h , L a w r e n c e W . W ig g in s , R o b e r t V. V. R ic e , A ssistant V ice P resid en ts ; J o h n M.
M c R e y n o l d s , T rea su rer; D on M. L i l l i e , T h o m a s K r a a i , W il l ia m C. S c h o u t e n , I van M.
D e n n i s , W m . J. L a n d m a n , J r ., A ssistant Secretaries.
D ir e c t o r s .— Henry Idema, Thomas W m . Hefferan, Noyes L. Avery, Clarence S. Dexter, George
C. Thomson, Guy C. Lillie, Nathaniel Robbins, Joseph Horner, Curtis M. W ylie, Howard C.
Lawrence, Ira A . Moore, Paul Frederick Steketee, Chalmers Curtis.

Statem ent December 30, 1939.
ASSETS

LIABILITIES

Loans ----------------------------------------------------- $381,633.91
Advances to trusts _____________________
175,410.31
Customers’ liability under letters of
credit and travelers’ ch eck s _________
8,000.00
United States Government obligations,
direct and fully guaranteed _________
32,706.90
Other bonds, stocks, and securities ____
195,158.23
Cash, and balances with designated de­
positaries, fiduciary funds ____________ 2,729,775.09
Cash, and balances with other deposi­
taries, company funds ___________ _____ 240,063.27
Banking house _________________________
717,813.65
Furniture and fixtures _________________
58,188.97
Safe deposit vaults _____________________
1.00
Real estate owned other than banking
house -------------------------------------------------39,614.18
Other assets ___________________________
125,657.44

Fiduciary funds _______________________ $2,729,775.09
Customers’ liability under letters of
credit, travelers’ checks ______________
8,000.00
Interest, taxes, and other expenses ac­
crued and unpaid ________
4,538.49
Capital account:
Common stock _______________________ 1,200,000.00
Surplus ---------------------------------------------415,000.00
Undivided p ro fits __________________
297,826.74
Reserve for contingencies_____________
48,882.63

Total

---------------------------------------------- $4,704,022.95


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total, including capital account ___ $4,704,022.95

119

S T A T E B A N K S O F M IC H IG A N

No. 402.
O L D K E N T B A N K , G R A N D R A P ID S .
Organized M ay 14, 1908.
Thirteen Branches in City.
H e n r y I d e m a , Chairman o f the Board.
C l a y H . H o l l is t e r , P resid en t; H eber W . C u r t is , E xecu tive Vice P re s id en t; T. W m .
H b f f e r a n , C a s p e r B a a r m a n , E ugene R ic h a r d s , S an for d P . W il c o x , V ice P resid en ts;
E ugene D. C o nger , Vice President and C ash ier; C h e s t e r F . I d e m a , A ssistant Vice P resi­
d e n t; H e n ry V e r h o e k , A ssistan t Vice P resident and A ssistant C a sh ier; W . T . D o s k e r ,
M a r t in E. L il l i e , P h i l H. H o l l w a y , F r a n k M. V i s , F red A. D e V r i e s , A ssistant C ashiers;
C l if f o r d B u c h a n a n , A ssistant Cashier and A u d ito r; H e n r y E. F ord , Auditor.
D ir e c t o r s .— Casper Baarman, James F. Barnett, Eugene D. Conger, Heber W . Curtis, C. S.
Dexter, F. Stuart Foote, T. W m . Hefferan, Clay H . Hollister, John P. Homiller, Henry
Idema, W alter Idema, James Rowland Lowe, Eugene Richards, Paul F. Steketee, H . M.
Taliaferro, David A . Warner.
.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $1,502.25
overdrafts) ______________
$11,052,673.77
United States Government obligations,
direct and guaranteed________________ 17,348,333.30
Obligations of States and political sub­
divisions _____________________________ 5,354,084.82
Other bonds, notes, anddebentures_____ 2,997,224.54
Corporate stocks (Including $120,000.00
Stock of Federal Reserve Bank) _______
120,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________ 12,905,417.21
Bank premises owned __________________ 1,502,511.45
Furniture and fixtures _________________
1.00
Real estate owned other than bank
341,329.68
premises ____ :________________________
Other assets____________________________
70,472.28

Demand deposits of individuals, partnerships, and corporations______________ $15,555,988.22
Time deposits of individuals, partner­
ships, and corporations _____________ 25,064,587.36
Deposits of States and political sub­
divisions ____ _________________________ 3,211,820.32
Deposits of banks ______________________ 3,045,382.26
Other deposits (certified and officers’
checks, etc.) _________________________
166,389.80
Total deposits_____________________
Other liabilities ________________________
Capital accounts:
First preferred s t o c k _______ __________
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________

47,044,167.96
19,004.62
1,250,000.00
1,000,000.00
1,750,000.00
488,250.47
140,625.00

T o t a l______________________________ $51,692,048.05

T o t a l---------------------------------------------- $51,692,048.05

No. 766.
U N IO N B A N K O F M IC H IG A N , G R A N D R A P ID S .
Organized October 3, 1929.
J o h n E. F r e y , P resid en t; R a l p h T. W il l a r d , Cashier and E xecu tive V ice P resid en t; E d . J.
F r e y , W i l l i s J. R i p l e y , R uicl B. V a n W e r t , A l b e r t H . C o w e l l , Vice P resid en ts; H ele n W .
N e w e l l , A ssistant Cashier.
D ir e c t o r s .— John E. Frey, Douglas M. Ray, Kellar Stem, Daniel W . Kimball, Earl M. Johnson,
W illis J. Ripley, Michael Leonard, Harold W . Bryant.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Demand deposits of individuals, partner­
Loans and discounts _________________ $3,488,740.91
ships, and corporations _____________ $1,004,044.17
Obligations of States and political sub­
Time deposits of individuals, partner­
3,023.75
divisions _____________________________
ships, and corporations ______________ 2,450,302.94
Other bonds, notes, and debentures------------------------- 395,019.42
Deposits of United States Government
Cash, balances with other banks, includ­
5,000.00
(including postal sa v in g s)____________
ing reserve balances, and cash items in
Deposits of States and political sub­
process of collection _________________
702,709.36
divisions
_____________________________
5,100.00
Furniture and fixtures _________________
1.00
192,919.60
Deposits of banks ______________________
Other deposits (certified and officers’
checks, etc.) _________________________
25,129.55
Total deposits _____________________ 3,682,496.26
Other liabilities ________________________
23,209.47
Capital accounts:
Common stock _______________________
250,000.00
Surplus ______________________________
300,000.00
Undivided profits ____________________
128,352.41
Reserves _____________________________
205,436.30
T o t a l_______________________________ $4,589,494.44


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

T o t a l_______________________________ $4,589,494.44

120

S T A T E B A N K IN G D E P A R T M E N T
No. 797.
C O M M U N IT Y S T A T E B A N K , G R A N D Y IL L E .
Organized M arch 15, 1937.

F red F. M c E a c h r o n , P resid en t; P ete r J. H o e k z e m a , Vice P resid en t;
C ash ier; W m . V a n d e r W ie r e , A ssistant Cashier.

F. G. M cE a c h r o n ,

D ir e c t o r s .— Fred F. McEachron, Lam ott M. McEachron, F . G. McEachron, Peter J. Hoekzema,
W m . J. Datema, Daniel TenCate, Matthew H. Pellegrom.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $140.71
overdrafts) ____________
$280,834.25
Obligations of States and political sub­
divisions _____________________________
6,500.00
Other bonds, notes, and debentures _ _ _
3,430.00
Corporate
stocks
(Including
$850.00
Stock of Federal Reserve Bank) _____
850.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
101,943.42
8,500.00
Bank premises owned __________________
Furniture and fixtures__________________
4,350.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $144,718.55
Time deposits of individuals, partner­
ships, and corporations_______________
152,650.15
Deposits of States and political sub­
divisions ____________________ _________
13,177.66
Deposits of banks ___
56,500.00
Other deposits (certified and officers’
checks, etc.) ____ _____ ,____ _________
805.91

Total

Total deposits _____________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
R eserves______________________________

----------------------------------------------- $406,407.67

Total

______________________________

367,852.27
5,701.39
25,000.00
6,500.00
854.01
500.00
$406,407.67

No. 340.
T H E G RAN T STA TE B A N K , GRANT.
Organized February 28, 1906.
H e r m a n M c K in l e y , P resident and C a sh ier; R . E . K in c a id , Chairman of th e Board and Vice
P resid en t; D . A . M c K in l e y , A ssistant Cashier.
D ir e c t o r s .— Herman McKinley, Milo A. W hite, R . E . Kincaid, E. J. Stone, Clare Kempf.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $8.51
overdrafts) ___________________________ $195,072.16
United States Government obligations,
direct and guaranteed________________
38,656.26
Obligations of States and political sub­
divisions _____________________________
37,267.35
Other bonds, notes, and debentures____
7,890.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
189,235.85
Bank premises owned __________________
5,700.00
Furniture and fixtures__________________
2,087.50
Real estate owned other than bank
premises _____________________________
2,477.66

Demand deposits of individuals, partner­
ships, and corporations ______________ $100,856.84
Time deposits of individuals, partner­
ships, and corporations ______________
292,773.36
Deposits of United States Government
(including postal sa v in gs)____ ________
391.64
Deposits of States and political sub­
divisions _____________________________
31,505.86
Other deposits (certified and officers’
checks, etc.) _______________________
92.71

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$478,387.28

Total deposits _____________________
Capital accounts:
First preferred stock ________________
Common stock _______________________
Surplus ______________________________
Undivided p ro fits ___ _________________
Total

______________________________

425,620.41
10,000.00
30,000.00
11,000.00
1,766.87
$478,387.28

121

S T A T E B A N K S O F M IC H IG A N

No. 27.
THE

FARM ERS

STA TE B A N K , G RASS L A K E .

Organized A p ril 24, 1883.
F.

G.

M e l l e n c a m p , P resid en t; F. H. S h e l l y , Vice P resid en t; H. J. K n i g h t ,
W . A. K a l m b a c h , A ssistant C ash ier; E. W . C r a f t s , Secretary.

C ash ier;

D ir e c t o r s .— E. W . Crafts, F. H . Shelly, H. J. Knight, F. G. Mellencamp, E. F. Robinson,
W . K . Crafts, H . B. Mellencamp, T. B. Jones, C. E. Foster.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $40.48
overdrafts) __________________________ $179,780.97
United States Government obligations,
direct and guaranteed ________________
28,500.00
Obligations of States and political sub­
divisions ______
78,203.42
Other bonds, notes, and debentures____
38,055.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
205,395.96
Bank premises owned __________________
8,600.00
Furniture and fixtures _________________
1,050.00
Real estate owned other than bank
2,649.11
premises _____________________________

Demand deposits of individuals, partner­
ships, and Corporations _____________ $115,950.05
Time deposits of individuals, partner­
351,638.61
ships, and corporations _____________
Deposits of States and political sub­
divisions _____________________________
23,341.87
Other deposits (certified and officers’
checks, etc.) _________________________
518.00

Total

___ !----------------------------------------

Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________
Total

$542,234.46

______________________________

491,448.53
25,000.00
17,300.00
6,474.64
2,011.29
$542,234.46

No. 780.
G R A Y L IN G S T A T E S A V IN G S B A N K , G R A Y L IN G .
Organized December 5, 1931.
E sb e r n H a n s o n , President and Chairman o f the B oa rd ; J o h n B r u u n , V ice P resident and
M an ager; H olger D . H a n so n , Vice P re s id en t; M a r g r e t h e N ieilsen , C ash ier; D on K .
G o t h r o , A ssistant Cashier.
D ir e c t o r s .— Esbern Hanson, Holger D. Hanson, A . J. Nelson, W m . Raae, John Bruun.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ______
$185,354.99
United States Government obligations,
direct and guaranteed________________
39,254.55
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
266,393.34
Furniture and fixtures _________________
1.00
Other assets ________________
1,636.30

Demand deposits of individuals, partner­
ships, and corporations ______________ $181,885.81
Time deposits of individuals, partner­
ships, and corporations ______________
162,666.96
Deposits of United States Government
(including postal savings) ____________
373.64
Deposits of States and political sub­
divisions _____________________________
85,155.67
Other deposits (certified and officers’
checks, etc.) 1________________________
52.10
Total deposits ____________ I------------- 430,134.18
Other liabilities _______________________
1,130.80
Capital accounts:
Common stock ____________________
25,000.00
S u r p lu s ___________________________ 1_
25,000.00
Undivided p ro fits _____________________
1,375.20
Reserves _______________________________
10,000.00

Total

_____________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$492,640.18

Total

_____________ •_______________

$492,640.18

122

S T A T E B A N K IN G D E P A R T M E N T

No. 263.
C O M M E R C IA L S T A T E S A Y IN G S B A N K , G R E E N V IL L E .
Organized June 10, 1902.
C h a s . M. M il l e r , P resid en t; E l l i s W . R a n n e y , 1st V ice P resid en t; G eo . C. B o w e r , 2nd Vice
P resid en t; C lau de V. C o a t s , C a sh ier; W a l t e r K . W ard , A ssistant Cashier; C h a s . W .
S m i t h , A ssistant to the President.
D ir e c t o r s .— Chas. M. Miller, Ellis W . Ranney, George C. Bower, Claude V. Coats, W ellingG. Clark, LeRoy W . Ranney, L. Stanley Kemp, Charles W . Smith.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $495,673.71
United States Government obligations,
191,985.58
direct and guaranteed________________
Obligations of States and political sub­
divisions _____________________________ .
96,566.95
Other bonds, notes, and debentures____
68,370.27
Corporate stocks (Including $3,350.00
3,350.00
Stock of Federal Reserve Bank) _____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
265,262.92
Furniture and fixtures _________________
2,800.00
Real estate owned other than bank
premises _____________________________
9,647.56

Demand deposits of individuals, partner­
ships, and corporations ______________ $195,295.17
Time deposits of individuals, partner­
ships, and corporations______________
767,940.00
Deposits of States and political sub­
divisions ________________________ ^___
40,815.23
Other deposits (certified and officers’
checks, etc.) ________
5,232.56

Total

Total deposits ______________________ 1,009,282.96
Other liabilities ________________________
1,448.30
Capital accounts:
First preferred stock ________________
41,000.00
35,000.00
Second preferred s to c k _______________
Common stock _______________________
25,000.00
Surplus _____________________________
12,500.00
Undivided p ro fits _____________________
9,012.93
Reserves _____________________________
412.80

---------------------------------------------- $1,133,656.99

Total

______________________________ $1,133,656.99

No. 188.
F I R S T S T A T E B A N K O F G R E E N V IL L E , G R E E N V IL L E .
Organized M arch 24, 1896.
C h a r l e s J. G ib s o n , P resid en t; D. H. M oore , V ice P resid en t; A. J. S u f f e r n , V ice President
and C ashier; M. E l o is e B a c k u s , A ssistant Cashier.
D ir e c t o r s .— Charles J. Gibson, D. H. Moore, E. E. Tower, A. J. Suffern, H . A. Vos, J. S.
Christensen, S. L. Tower.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $226,590.63
United States Government obligations,
direct and guaranteed________________
156,686.37
Obligations of States and political sub­
divisions ____________
42,304.24
Other bonds, notes, and debentures____
39,843.00
Corporate stocks
(Including $1,950.00
1,950.00
Stock of Federal Reserve Bank) _____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
270,271.30
Bank premises owned __________________
10,000.00
Furniture and fixtures _________________
2,500.00
Other assets ___________________________
1,561.68

Demand deposits of individuals, partner­
ships, and corporations ______________ $262,737.99
Time deposits of individuals, partner­
ships, and corporations ______________
361,875.20
Deposits of United States Government
(including postal savings) ____________
815.04
Deposits of States and political sub­
36,096.91
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
13,834.15

T o t a l_______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$751,707.22

Total deposits ______________________
Other liab ilities___ ____________________
Capital accounts:
Common stock _______________________
Surplus ______ :_______________ ________
Undivided profits ____________________

675,359.29
8,619.01

T o t a l________________ :______________

$751,707.22

50,000.00
14,000.00
3,728.92

123

S T A T E B A N K S O F M IC H IG A N
No. 791.
T H E G R O S S E P O IN T E B A N K , G R O S S E P O IN T E .
Organized December 10, 1934.

J o s e p h B. S c h l o t m a n , P resid en t ; D . W w i g h t D o u g l a s , Vice P resid en t ; G eorge W . B a s s ,
A ssistant Vice P resid en t ; W il l i a m R . D e B a e k e , C ash ier; G race M o n a g h a n , A ssistant
Cashier ; A l b e r t J. D e R ib m a c k e r , Auditor.
D ir e c t o r s .— Fred C. Burden, D. Dwight Douglas, Joseph B. Schlotman, Carter Sales, James K .
W atkins, John N. Lord.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $38.44
overdrafts) __________________________ $820,510.24
United States Government obligations,
direct and guaranteed _______________
275,000.00
Obligations of States and political sub­
608,420.08
divisions _____________________________
Other bonds, notes, and debentures____
191,214.42
Corporate stocks (Including $6,450.00
Stock of Federal Reserve Bank) _____
7,250.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection________ __________2,641,517.30
Bank premises owned __________________
47,291.00
Real estate owned other than bank
9,000.00
premises ________________
Other assets____________________ *._______
14,132.90

Demand deposits of individuals, partner­
ships, and corporations ______________ $1,471,634.96
Time deposits of individuals, partner­
ships, and corporations______________ 2,079,447.74
Deposits of States and political sub­
divisions ______________
732,604.24
Other deposits (certified and officers’
checks, etc.) _____
20,290.12

Total

Total deposits _____________________ 4,303,977.06
Other liabilities ________________________
4,140.06
Capital accounts:
Common stock _______________________
100,000.00
Surplus ______________________________
115,000.00
67,858.76
Undivided p ro fits_____________________
Reserves _____________________________
23,360.06
Total

---------------------------------------------- $4,614,335.94

______________________________ $4,614,335.94

No. 410.
T H E G W I N N S T A T E S A Y IN G S B A N K , G W IN N .
Organized September 29, 1908.
G. R. J a c k s o n , President ; D r . D. R. M a c I n t y r e , E xecu tive V ice President ;
C o l l in s , Vice P resid en t; H . O. K n u d s b n , Cashier.

G. S h e r m a n

D ir e c t o r s .— G. R. Jackson, Dr. D. R. MacIntyre, W . W . Graff, G. Sherman Collins, R. J.
Jeffery.

Statem ent December 30, 1939.
ASSETS
Loans and discounts ___________________
United States Government obligations,
direct and guaranteed _______________
Obligations of States and political sub­
divisions _____________________________
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _____________ *___
Other assets ___________________________

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
$85,752.44
44,800.00
19,035.00
87,319.72
167,635.14
6,711.19

$411,253.49

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits______________________
Capital accounts:
Common stock _______________________
Surplus _____ _______
Undivided p ro fits _____________________
Total

______________________________

$64,330.70
261,104.87
24,677.61
1,122.01
351,235.19
25,000.00
25,000.00
10,018.30
$411,253.49

124

S T A T E B A N K IN G D E P A R T M E N T
No. 709.
TH E B AN K OF H AM TR AM CK, H AM TR AM CK.
Organized Novem ber 24, 1923.

J ohn

F. K o e n ig , P resid en t; E d w in K. M o n n ig , V ice P resid en t; W m . E. D in g m a n , Vice
P resident and Cashier; F r a n k J. F e l t o n , A l b e r t J. St o c k e r , A ssistant Cashiers.

D ir e c t o r s .— John F. Koenig, Edwin R. Monnig, Hon. Theodore J. Richter, Hon. Alex J.
Groesbeck, Harvey C. Emery, W m . E. Dingman.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $134.83
overdrafts) ___________________________ $773,777.58
United States Government obligations,
direct and guaranteed ________
1,968,568.71
Obligations of States and political sub­
divisions _________
314,081.01
Other bonds, notes, and debentures____
175,590.28
Corporate stocks _______________________
11.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________ 1,276,092.66
Bank premises owned __________________
65,087.34
Furniture and fixtures _________________
15,479.35
Real estate owned other than bank
premises _____________________________
2,500.00
13,284.22
Other assets____________________________

Demand deposits of individuals, partner­
ships, and corporations ______________ $1,041,022.80
Time deposits of individuals, partner­
ships, and corporations___________
2,702,608.48
Deposits of States and political sub­
divisions _____________________________
382,974.34
Other deposits (certified and officers’
checks, etc.) ______ :__________________
102,013.60

Total

Total deposits ______________________ 4,228,619.22
Other liabilities ________________________
4,443.68
Capital accounts:
200,000.00
Common stock _______________________
Surplus ____________________ ___________
59,500.00
Undivided profits ____________________
22,490.50
89,418.75
Reserves _____________________ -_______
Total

______________________________ $4,604,472.15

______________________________ $4,604,472.15

No. 617.
T H E L IB E R T Y STA TE B A N K OF H A M T R A M C K , H A M T R A M C K .
Organized July 23, 1918.
J o s e p h C iir o n o w s k i , President and Chairman o f the B oa rd ; A n t h o n y S eeger , V ice P resid en t;
A l o is J . C h r o n o w s k i , Cashier.
D ir e c t o r s .— Joseph

Chronowski,

Alois J. Clironowski,
Frank M. Lemke.

Anthony

Seeger,

Henry

Wunscli,

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $602,302.39
United States Government obligations,
direct and guaranteed _______________
242,928.54
Obligations of States and political sub­
divisions ___________ ._________________
5,000.00
Other bonds, notes, and debentures____
77,409.18
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
357,200.21
Bank premises owned __________________
35,951.60
Furniture and fixtures _________________
10,257.68

Demand deposits of individuals, partner­
ships, and corporations ______________ $296,950.70
Time deposits of individuals, partner­
ships, ahd corporations ______________
670,061.23
Deposits of United States Government
(including postal savings) ____________
29,758.38
Deposits of States and political sub­
divisions --------------------------------------------171,850.10
Other deposits (certified and officers’
checks, e t c .) ___ - _____________________
27,899.98
Total deposits ________________
1,196,520.39
Other liabilities __________
9,642.07
Capital accounts:
Common stock _______________________
100,000.00
Surplus ______________________________
10,000.00
Undivided p ro fits _____________________
14,887.14

Total

______________________________ $1,331,049.60


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total

______________________________$1,331,049.60

S T A T E B A N K S O F M IC H IG A N

125

No. 435.
PEOPLES STA TE BAN K, H AM TR AM CK.
Organized February 4, 1909.
N e l s L. O l s o n , P resid en t; A n d re w W . M ic h a l a k , E xecu tive Vice President and C ashier;
V . F . M a c i e j e w s k i , L . S. M i n k w i c , A ssistant Cashiers.
D ir e c t o r s .— Stephen

A. Majewski, A. W . Michalak, Joseph J. Mitchell,
David Stober, Fred J. Lamborn, Otto Lundell.

Nels

L.

Olson,

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $435.33
overdrafts) _________
$755,490.40
United States Government obligations,
direct and guaranteed ________________ 1,366,052.50
Obligations of States and political sub­
divisions --------------------------------------------- 409,604.12
Other bonds, notes, and debentures____
204,613.75
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________ 1,540,503.25
Bank premises ow n ed __________________
29,308.33
Furniture and fixtures_____ _____________
1.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $764,733.40
Time deposits of individuals, partner­
ships, and corporations ______________ 2,338,189.67
Deposits of States and political sub­
divisions ------------------------------------------- „ 847,464.72
Other deposits (certified and officers’
checks, etc.) _______
35,454.53

Total

---------------------------------------------- $4,305,573.35

Total deposits ______________________ 3,985,842.32
Other liabilities ________________________
23,868.35
Capital accounts:
Common stock _______________________
200,000.00
Surplus ----------------------------------------------60,000.00
25,862.68
Undivided p ro fits ____________________ \
Reserves _________________________________ 10,000.00
Total

---------------------------------------------- $4,305,573.35

T H E S U P E R IO R T R U S T C O M P A N Y , H A N C O C K .
Organized June 30, 1902.
C h a r l e s L. L a w t o n , P resid en t; G ordon R. C a m p b e l l , J o s e p h R u p p e , V ice P resid en ts;
R ic h a r d E . O d ge r s , S ecretary-Treasurer ; E le a n o r D a v i s , A ssistant Secretary.
D ir e c t o r s .— Charles L. Lawton, Gordon R. Campbell, Swaby L. Lawton, Joseph Ruppe,
Charles A. W right, Lessing Karger, Clarence M. Hoar, Paul Ruppe, Isidor Gartner.

Statem ent December 30, 1939.
ASSETS
Loans __________________________________
Advances to trusts ___________ _______ __
United States Government obligations,
direct and fully guaranteed__________
Other bonds, stocks, and securities____
Cash, and balances with designated de­
positaries, fiduciary funds ___________
Cash, and balances with other deposi­
taries, company fu n d s ________________
Total

LIABILITIES
$98,773.53
90.24
79,978.74
8,000.00
82,080.91

$82,080.91
10.00
150,000.00
30,000.00
14,864.82
650.00

8,682.31

----------------------------------------------- $277,605.73


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Fiduciary funds _______________________
Other liabilities ________________________
Capital account:
Common stock
____________________
Surplus ----------------------------------------------Undivided profits ____________________
Reserve for contingencies_____________

Total, including capital a c c o u n t __

$277,605.73

S T A T E B A N K IN G D E P A R T M E N T

126

N o. 254.
H URON COUNTY STATE B AN K , HARBO R BEACH .
Organized January 13, 1902.
D a r iu s M iiil e t h a l e r , P resid en tj B e la W . J e n k .s , J r ., Vice P resid en t; W i l l ia m J. E n g le ,
Vice President and Cashier; G eo . M. H a r w o o d , F r a n c e s Z m i c h , A ssistant Cashiers.
D ir e c t o r s .-—Darius Mihlethaler, Bela W . Jenks, Jr., W illiam
Roland Eilber.

J. Engle, James I. Bennett,

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and d iscounts__________________ $139,556.27
United States Government obligations,
direct and guaranteed________________
220,941.51
Obligations of States and political sub­
divisions _ __________________________
199,672.54
Other bonds, notes, and debentures ____
38,879.08
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _____________ .____
189,465.01
Bank premises owned __________________
12,500.00
Furniture and fixtures _________________
3,405.41

Demand deposits of individuals, partner­
ships, and corporations ___________ — $142,457.24
Time deposits of individuals, partner­
ships, and corporations-----------559,076.40
Deposits of States and political sub­
divisions ____________________________
44,015.10
Other deposits (certified and officers’
checks, etc.) _________________________
1,647.97

Total _______________________________

Total deposits --------------------------------Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________

747,196.71

T o t a l_______________________________

$804,419.82

$804,419.82

25,000.00
25,000.00
7,223.11

No. 412.
STA TE B A N K OF H A R B O R BEACH , H A R B O R BEACH .
Organized October 8, 1908.
D r . C. W . A r m it a g e , P resid en t; J. C. T r ie s k o r n , Vice President and Cashier ; F r a n k W a l s h ,

A ssistant Cashier.
D irectors .-—D r. C. W . Armitage, J. C. Prieskorn, Ed. C. Dropiewski, B. J. Murdock, Frank
W alsh.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $24.81
overdrafts) _________________________
$183,759.64
United States Government obligations,
direct and guaranteed _______________
77,910.00
Obligations of States and political sub­
divisions ____________________________
18,250.36
Other bonds, notes, and debentures____
36,553.19
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection______
79,424.21
Bank premises owned ---------------------------3,000.00
Furniture and fixtures _______________ —
1.00
Real estate owned other than bank
premises _____________________________
1,086.45

Demand deposits of individuals, partner­
ships, and corporations _________________ $58,462.17
Time deposits of individuals, partner­
ships, and corporations_______________
233,815.16
Deposits of United States Government
(including postal savings) ____________
15,000.00
Deposits of States and political sub­
divisions _____________________________
41,713.04
Deposits of b a n k s _____________________
5,000.00
Other deposits (certified and officers’
checks, etc.) _________________________
2,446.76

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$399,984.85

Total deposits ---------------------------------Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits_____________________
Total

__________ ___________________

356,437.13
25,000.00
10,000.00
8,547.72
$399,984.85

S T A T E B A N K S O F M IC H IG A N

127

No. 326.
T H E EM M ET COUNTY STATE BAN K , H AR B O R

S P R IN G S .

Organized November 1, 1905.
J. T. C l a r k e , President ;

W . J. C l a r k e , Vice President and Cashier ;

J a m e s H . Cl a r k e ,

A ssistant Cashier.
D ir e c t o r s .— J. T. Clarke, Edith M. Clarke, W . J. Clarke, C. F. Erwin, J. H. Clarke.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts____________________ $114,263.64
United States Government obligations,
428,650.00
direct and guaranteed _______________
Obligations of States and political sub­
divisions --------------------------------------------- 344,980.00
9,000.00
Other bonds, notes, and debentures____
Corporate stocks (Including $3,150.00
Stock of Federal Reserve Bank) _____
3,150.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________ ________
283,734.12
Furniture and fixtures__________________
1.00

Demand deposits of individuals, partnerships, and corporations_______________ $335,678.24
Time deposits of individuals, partner­
569,074.35
ships, and corporations_______________
Deposits of States and political sub­
divisions --------------------------------------------- 146,536.18
Other deposits (certified and officers’
checks, etc.) _________________________
9,021.49

Total

Total deposits----- ----------------------------- 1,060,310.26
Capital accounts:
First preferred stock ________________
60,000.00
12,500.00
Second preferred s to c k _______________
Common stock _______________________
25,000.00
Surplus ---------------------------------------------7,500.00
Undivided p rofits_____________________
5,968.50
Reserves --------------------------------------------12,500.00
Total

$1,183,778.76

$1,183,778.76

No. 355.
T H E S T A T E S A Y IN G S B A N K O F H A R R IS O N , H A R R IS O N .
Organized December 8, 1906.
F red W . S c h u e t t , P resid en t; W m . M u r p h y , F red W . S c h a a f , Vice P resid en ts; F. W e a t h e r h e a d , Cashier; W . L. H a r p e r , A ssistant Cashier.
D ir e c t o r s .— Fred W . Weatherhead, Joseph E. Ladd, W illiam Murphy, Anna M. Joos, Fred W .
Schuett, John F. Brown, Fred W . Schaaf.

Statem ent December 30, 1939.
ASSETS
Loans and discounts ___________________
United States Government obligations,
direct and guaranteed_____ ;_________
Obligations of States and political sub­
divisions --------------------------------------------Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _______________ ■_
Bank premises owned __________________
Furniture and fixtures _________________

Total

----------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
$63,519.87
47,217.63
15,000.00
29,634.85
59,006.13
2,200.00
700.00

$217,278.48

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations __ ___________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
First preferred s t o c k _________________
Common stock _______________________
Undivided p ro fits_____________________
Reserves _____________________________
Total

----------------------------------------------

$64,953.50
91,027.64
29,361.65
636.32
185,979.11
5,000.00
25,000.00
299.37
1,000.00
$217,278.48

ST A T E B A N K IN G D E P A R T M E N T

128

No. 50.
T H E O C E A N A C O U N T Y S A Y IN G S B A N K , H A R T .
Organized October 31, 1887.
H e r m a n M c K in l e y , President and Chairman of the B oa rd; L . S. P l a t t , Vice President j
W . E. R o l l in s , Cashier; J. D. U n d er w oo d , H. C. H u t c h is o n , A ssistant Cashiers.
D ir e c t o r s .— Herman McKinley, D. S. Platt, W . E. Rollins, Geo. W . Powers, Ralph Dukes,
C. D. Bright, L. P. Munger, H . S. Sayles, Clarence A. Welsh.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $259,510.23
United States Government obligations,
direct and guaranteed _______________
66,950.00
Obligations of States and political sub­
divisions _____________________________
125,870.28
Other bonds, notes, and debentures____
22,949.85
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
161,775.25
Bank premises owned ---------------------------20,850.00
Furniture and fixtures _________________
3,884.15

Demand deposits of individuals, partner­
ships, and corporations______________ $160,738.46
Time deposits of individuals, partner­
ships, and corporations ______________
389,869.81
Deposits of United States Government
(including postal savings) ---------------1,019.06
Deposits of States and political sub­
divisions _____________________________
43,816.92
Other deposits (certified and officers’
checks, etc.) ________ •------------------------401.43

Total

______________________________

Total deposits --------------------------------Capital accounts:
First preferred s to c k --------------Common stock -----------Surplus ______________________________
Undivided p ro fits ------------------------------Reserves _____________________________
Total

$661,789.76

______________________________

595,845.68
20,000.00
40,000.00
1,000.00
2,885.08
2,059.00
$661,789.76

No. 652.
VAN BUREN STATE BAN K , H ARTFORD.
Organized M arch 15, 1920.
One Branch in Covert, Michigan.
A . B. C h a s e , P resident ; T. C. T ie d e b o h l , J r ., Vice President ; M il t o n M. W ee d , Cashier ;
R u t h S. F a r r e r , L au re H oover , A ssistant Cashiers.
D ir e c t o r s .— A. B. Chase, T. C. Tiedebohl, Jr., Randolph B. Monroe, Milton M. Weed, Ruth S.
Farrer.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $.76 over­
drafts) ___________________________ ,___ $255,018.01
United States Government obligations,
direct and guaranteed---------80,668.76
Obligations of States and political sub­
divisions ____
52,195.62
Other bonds, notes, and debentures------14,698.22
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
196,786.67
Bank premises owned __________________
14,792.94
Furniture and fixtures --------------------------4,505.76
Real estate owned other than bank
premises -----------------5,125.00
Other assets ___________________________
245.11

Demand deposits of individuals, partner­
ships, and corporations ---------------------- $198,868.59
Time deposits of individuals, partner­
ships, and corporations ______________
286,692.84
Deposits of United States Government
(including postal savings) ____________
307.62
Deposits of States and political sub­
divisions _____________________________
54,932.85
Other deposits (certified and officers’
checks, etc.) __ ___________________ ,___
20,708.37

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$624,036.09

Total deposits ------------------------------- -—
Other liabilities ________________________
Capital accounts:
First preferred stock _________________
Second preferred s t o c k _______________
Common stock _______________________
Undivided profits ____________________
Total

______________________________

561,510.27
283.70
35,000.00
5,000.00
20,000.00
2,242.12
$624,036.09

129

S T A T E B A N K S O F M IC H IG A N

No. 11.
T H E H A S T I N G S C IT Y B A N K , H A S T IN G S .
Organized October 26, 1886.
M. L. C o o k , P resid en t; F . W . S t e b b in s ., Vice P resid en t; M. A. L a m b ie ., Vice President and
Gasliier; R oy W . C h a n d l e r , L. E. L o w e l l , A ssistant Cashiers.
D ir e c t o r s .— M. L. Cook, Kellar Stem, F. W . Stebbins, M. A. Lambie, R. C. Fuller, Kim Sigler,
A. H. Carveth, Stuart Clement.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $124.78
overdrafts) ___________________________ $595,349.15
United States Government obligations,
direct and guaranteed________________
305,274.92
Obligations of States and political sub­
250,597.96
divisions _____________________________
Other bonds, notes, and debentures____
129,733.54
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
404,320.76
Bank premises ow n e d __________________
35,000.00
13,550.00
Furniture and fixtures__________________
Other assets____________________________
8,104.06

Demand deposits of individuals, partner­
ships, and corporations ______________ $542,794.88
Time deposits of individuals, partner­
ships, and corporations ______________ 901,522.82
Deposits of States and political sub­
divisions _____________________________
89,822.62
Other deposits (certified and officers’
checks, etc.) ________________________
21,457.97
1,555,598.29
Total deposits_________
Other liabilities ________________________
7,269.19
Capital accounts:
First preferred s to c k _________________
74,000.00
Common stock _______________________
75,000.00
Surplus ______________________________
15,000.00
Undivided profits ____________________
10,297.91
Reserves _____________________________
4,765.00
T o t a l___________________ - __________ $1,741,930.39

T o t a l_______________________ _______ $1,741,930.39

No. 441.
T H E H EM LO CK STA TE BA N K , H EM LOCK.
Organized September 14, 1909.
E. M. L i n Gj P resid en tj J o h n C. R a u c h h o l z , V ice P resid en t; R. B. B e a v e r , C ashier; M. A.
M c L ea n , A ssistant Cashier.
D ir e c t o r s .— E.

M.

Ling,

John

C.

Rauchholz,

Henry

Alward,

E.

S.

Beaver,

E.

Thomas.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $132.71
overdrafts) ___________________________ $281,705.57
United States Government obligations,
direct and guaranteed _______________
87,501.78
Obligations of States and political sub­
divisions _____________________________
15,650.13
Other bonds, notes, and debentures____
29,514.23
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
92,865.01
Bank premises owned ---------------------------2,600.00
Furniture and fixtures _________________
1,200.00

T o t a l_____________________ _________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$511,036.72

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions ____________ !________________
Other deposits (certified and officers’
checks, etc.) ___________

$80,022.83
360,205.95
19,410.17
4,529.54

Total deposits _____________________
Other liabilities____ ,___________________
Capital accounts:
First preferred stock ________________
Common stock _______________________
Surplus ______________________________
Undivided p ro fits_____________________
Reserves ___________________

464,168.49
700.00

Total _______________________________

$511,036.72

10,000.00
20,000.00
14,000.00
1,768.23
400.00

130

S T A T E B A N K IN G D E P A R T M E N T
No. 446.
T H E S T A T E B A N K O F H E S P E R IA , H E S P E R IA .
Organized January 11, 1910.

A r t h u r C. T o m p s e t t , P resid en t;

D u n c a n C. M c C a l l u m , V ice P resid en t; E a r l A n d e r so n ,
Cashier ; R o b t . B a y l e , A ssistant Cashier.

D ir e c t o r s .— Duncan C. McCallum, Earl Anderson, Arthur C. Tompsett, Clare Kempf, Albert
F.
DeLong, Henry L. McCallum, Duncan Becker.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $19.61
overdrafts) _
United States Government obligations,
direct and guaranteed______________ _
Obligations of States and political sub­
divisions --------------------------------------------Other bonds, notes, and debentures ___
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
Bank premises owned ________________
Furniture and fixtures _________________

Total

$98,211.03
41,800.00
11,280.00
33,286.00
58,892.44
2,500.00
1,500.00

Demand deposits of individuals, partner­
ships, and corporations _________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of United States Government
(including postal sa v in gs)_____ _______
Deposits of States and political sub­
divisions — - _____
Deposits of banks _____________________
Other deposits (certified and officers’
checks, etc.) _________________________

$55,686.85
125,985.81
358.37
25,490.14
5,000.00
2,661.62

Total deposits _____________________
Capital accounts:
Common stock ______________________
Surplus ______________
Undivided p ro fits _____________________
Reserves ___________________ :_________

215,182.79

----------------------------------------------

$247,469.47

----------------------------------------------- $247,469.47

Total

25,000.00
5,500.00
1,389.68
397.00

NO. 78.
H IL L S D A L E

STATE

S A Y IN G S

BANK,

H IL L S D A L E .

Organized July 30, 1884.
O. J. C o r n e l l , P resid en t;

R. L. O w e n , C. F. C o o k , J r ., Vice P resid en ts; M. B. M a r s h ,
G eorge H. M o rgan , A ssistant Cashier.

Cashier ;

D ir e c t o r s .— O. J. Cornell, R. L. Owen, C. F. Cook, Jr., Paul W . Chase, C. E. Lewis, J. C.
Decker, C. T. Bower.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $90.25
overdrafts) --------$619,324.13
United States Government obligations,
direct and guaranteed___________________ 557,894.00
Obligations of States and political sub­
divisions ------------------------------------------------- 995,217.28
Other bonds, notes, and debentures____
395,326.43
Corporate stocks (Including $6,900.00
Stock of Federal Reserve B a n k )____ _
6,900.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
650,715.45
Bank premises owned __________________
43,000.00
Furniture and fixtures ________________
3,000.00
Other assets ______ :____________________
206.35

Demand deposits of individuals, partner­
ships, and corporations_________
$672,266.65
Time deposits of individuals, partner­
ships, and corporations
__________ 2,029,472.22
Deposits of States and political sub­
divisions _____________________________
284,486.77
Other deposits (certified and officers’
checks, etc.) _________
19,403.83

Total

---------------------------------------------- $3,271,583.64


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________ 3,005,629.47
Capital accounts:
Common stock ______________________
165,000.00
Surplus ______________________________
100,000.00
Undivided p ro fits _____________________
954.17
Total

---------------------------------------------- $3,271,583.64

131

S T A T E B A N K S O F M IC H IG A N

No. 91.
H OLLAND STATE B AN K , HOLLAND .
Organized January 16, 1890.
C h a r l e s K ir c h e n , Chairman o f the B oard; H e n ry S. M a b n t z , P resid en t; O t t o P . K r a m e r ,
D a n ie l T e n C a t e , Vice P resid en ts; A l fr e d C. J o l d e r s m a , Cashier; W i l l ia m J. W e s t v e e r ,

A ssistant Cashier.
D ir e c t o r s .— Dick Boter, Edw. D. Dimnent, John V. Hulst, Henry Idema, Charles Kirchen,
Otto P. Kramer, Henry S. Maentz, Thos. H. Marsilje, Ben Steffens, Daniel TenCate, Cor.
Tiesenga, P. F. Yerplank, Wynand Wichers.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $70.18
overdrafts) ___________________________ $1,665,137.87
United States Government obligations,
direct and guaranteed________________
22,500.00
Obligations of States and political sub­
10,186.98
divisions _____________________________
Other bonds, notes, and debentures __ __
6,949.29
Corporate stocks (Including $10,500.00
Stock of Federal Reserve Bank) _____
10,500.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________ 1,499,310.50
40,000.00
Bank premises owned __________________
Furniture and fixtures _________________
4,700.00

Demand deposits of individuals, partner­
ships, and corporat'ons . ______ __ $1,128,449.09
Time deposits of individuals, partner­
ships, and corporations ____________ 1,289,249.16
Deposits of States and political sub­
divisions
----- -- ----------------- — — 318,363.10
Other deposits (certified and officers’
checks, etc.)
_______________________
123,732.62

T o t a l_______________________________ $3,259,284.64

T o t a l________________________ :______ $3,259,284.64

Total deposits - _____________________ 2,859,793.97
Other liabilities ------------------------------------26,413.22
Capital accounts:
Common stock _______________________
250,000.00
Surplus ______________________________
100,000.00
Undivided profits _____________________
23,077.45

No. 322.
TH E PEOPLES STATE B AN K O F HOLLAND, H OLLAND.
Organized January 24, 1905.
G eorge B. T in h o l t , P resid en t; J a y H . D e n H er de r , Vice P resid en t; C. L. J a l v in g , C ash ier;
L . C. D a l m a n , C la r e n c e K l a a s e n , A ssistant Cashiers.
D ir e c t o r s .— George B. Tinholt, Jay H . DenHerder, C. L. Jalving, H . S. Coveil, M. Oudemool,
J.
W . DeVries.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $1,343,656.26
United States Government obligations,
268,971.73
direct and guaranteed________________
Obligations of States and political sub­
218,232.65
divisions _____________________________
101,140.00
Other bonds, notes, and debentures____
Corporate stocks (Including $4,950.00
4,950.00
Stock of Federal Reserve Bank) _____
Cash, balances with other banks,, includ­
ing reserve balances, and cash items in
process of collection ________________ _ 763,727.96
60,000.00
Bank premises owned ---------------------------20 , 000.00
Furniture and fixtures _________________

Demand deposits of individuals, partner­
ships, and corporations-- -------------- .— $977,413.74
Time deposits of individuals, partner­
ships, and corporations____ ________ _— 1,212,897.91
Deposits of United States Government
(including postal sa v in gs)_....—---------12,097.43
Deposits of States and political sub­
divisions ________________
363,508.17
Other deposits (certified and officers’
checks, etc.) __________________ _______
8,951.41

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,780,678.60

Total deposits ____________________ - - 2,574,868.66
Other liabilities ________________________
10,948.02
Capital accounts:
Common stock _______________________
150,000.00
Surplus ______________________________
25,000.00
Undivided p ro fits --------------------------------16,861.92
R eserves_________________________
3,000.00
Total

$2,780,678.60

132

S T A T E B A N K IN G D E P A R T M E N T
No. 106.
T H E F I R S T S T A T E A N D S A V IN G S B A N K O F H O L L Y , M IC H IG A N .
Organized October 11, 1890.

J a m e s S. M i t c h e l l , P resid en t; W a l t e r E. L e n t z , Vice P resident and C ash ier; J a m e s A.,
D u m a s , A ssistant Cashier.
D ir e c t o r s .—

Frank M. Haddon, James S. Mitchell, W alter E. Lentz, Maurice Winglemire,
E. A. Hartz, J. Lee Montgomery, W m . S. Shuttleworth.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $464,132.91
United States Government obligations,
direct and guaranteed __i.___________
119,590.31
Obligations of States and political sub­
divisions --------------------------------------------97,766.64
Other bonds, notes, and debentures____
61,515.00
Corporate stocks
(Including
$2,250.00
Stock of Federal Reserve B a n k )______
2,250.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
232,564.14
Bank premises owned __________________
18,400.00
Furniture and fixtures _________________
4,145.11

Demand deposits of individuals, partner­
ships, and corporations ______________ $276,494.49
Time deposits of individuals, partner­
ships, and corporations ______________
579,945.26
Deposits of United States Government
(including postal savings) ____________
1,089.93
Deposits of States and political sub­
divisions _____________________________
46,144.99
Other deposits (certified and officers’
checks, etc.) _________________________
11,183.15

Total

Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________
Reserves _____________________________

---------------------------------------------- $1,000,364.11

Total

914,857.82
60,000.00
15,000.00
4,011.75
6,494.54

______________________________ $1,000,364.11

No. 695.
TH E H O LT STA TE B AN K , HOLT.
Organized January 24, 1922.
H . E. G u n n , P resid en t; E. J. H im e l b e r g e r , A lfre d W a l t e r , Vice P resid en ts; H . C h a p p e l l ,
C ashier ; C h a r l e n e C l e v e r , A ssistant Cashier.
D ie c t o r s .-— W alter S. Foster, Burt L. Green, H. E. Gunn, E. J. Himelberger, Edwin E. Clever,
Alfred W alter, Frank Wrook.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $31.08
overdrafts) ___________________________ $146,202.42
United States Government obligations,
direct and guaranteed________________
26,250.00
Obligations of States and political sub­
divisions --------------------------------------------19,400.00
14,780.00
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
74,446.87
Bank premises owned __________________
4,300.00
Furniture and fixtures _________________
1,642.50

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$287,021.79

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of United States Government
(including postal savings) ____________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________
Reserves _____________________________
Total

______________________________

$81,527.85
133,822.64
528.48
29,745.83
2,793.48
248,418.28
25,000.00
6,000.00
7,103.51
500.00
$287,021.79

S T A T E B A N K S O F M IC H IG A N

133

No. 255.
CALHOUN STATE BAN K , HOM ER.
Organized January 20, 1902.
C. R. C h u r c h , P resid en t; W m , M cK e n n a n , V ice P re s id en t; L. E. W a r n e r , C ash ier; H . A.
S n y d e r , P . H . S in c l a ir , A ssistant Cashiers.
D ir e c t o r s .-— C. R.

Church, A. G. Hamilton, W m . McKennan, W .
G.
C. Ballentine, Ellen S. Snyder.

G. Pogel,

W.

E.

King,

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $15.79
overdrafts) __________________________ $196,036.59
United States Government obligations,
56,407.50
direct and guaranteed ______ .__ ______
Obligations of States and political sub­
divisions ____________________
43,685.76
96,648.64
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
120,727.09
Bank premises ow n e d __________________
6,500.00
Furniture and fixtures _________________
250.00
Other assets ___________________________
125.95

Demand deposits of individuals, partnerships, and corporations ______________ $110,095.91
Time deposits of individuals, partner­
ships, and corporations ______________ 310,362.76
Deposits of States and political sub­
divisions --------------------------------------------38,218.39
Other deposits (certified and officers’
checks, etc.) _________________________
130.54

T o t a l_______________________________

Total deposits______
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ___
Reserves _____________________________

458,807.60
4,198.25

T o t a l_______________________________

$520,381.53

$520,381.53

41,700.00
10,300.00
2,875.68
2,500.00

No. 597.
TH E HONOR STATE BAN K , HONOR.
Organized June 9, 1917.
W m . P. G r i f f i t h s , P re s id en t; E. G. P e c k , L eo H. S t a c e y , Vice P resid en ts; J o h n S m i t h ,
C ash ier; G eorge A. B e n n e t t , Auditor.
D ir e c t o r s .— W m . P. Griffiths. F. G. Peck, Leo H . Stacey, George A . Bennett, Asa H. Case,
W . O. Kiracofe, Geo. Johnson.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $14.20
overdrafts) ______________________
$170,160.68
United States Government obligations,
direct and guaranteed________________
23,122.95
Obligations of States and political sub­
divisions ________
500.00
Other oonds, notes, and debentures ____
2,984.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
94,585.80
Bank premises ow n e d _____ _____________
2,300.00
Furniture and fixtures__________________
900.00
Real estate owned other than bank
premises _____________________________
354.12
Other assets ___________________________
20,050.00

Total

----------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$314,957.55

Demand deposits of individuals, partner­
ships, and corporations ______
Time deposits of individuals, partner­
ships, and corporations _______________
Deposits of States and political sub­
divisions -----------------Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Other liabilities __________ :_____________
Capital accounts:
First preferred stock _________________„
Common stock _______________________
Surplus ______________________________
Undivided p ro fits_____________________
Reserves _____________________________
Total

______________________________

$49,239.60
174,163.10
28,151.78
3,219.78
254,774.26
22,061.60
14,900.00
15,000.00
4,000.00
3,510.69
711.00
$314,957.55

134

S T A T E B A N K IN G D E P A R T M E N T

No. 353.
T H E H O P K IN S S T A T E S A V IN G S B A N K , H O P K IN S .
Organized September 20, 1906.
C. B. H o f f m a s t e r , P resid en t; A . C. F ru e ;, Vice P re s id en t; A n na B. W a l t e r , C a sh ier; L . P .
R eno , A cting Vice President.
D ir e c t o r s .— Ralph Kreuzer, A. C. Frue, Manuel Brenner, C. B. Hoffmaster, Harlie McBride.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ________________ ___
United States Government obligations,
direct and guaranteed________________
Obligations of States and political sub­
divisions __ .__________________________
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
Bank premises owned __________________
Furniture and fixtures__________________

$76,317.95
81,825.00
9.400.00
11,688.75
55,471.84
5.820.00
1,731.26

Demand deposits of individuals, partner­
ships, and corporations
Time deposits of individuals, partner­
ships, and corporations
Deposits of States and political subdivisions _____________________________
Other deposits (certified and officers’
checks, etc.) -------------------------------Total deposits ______________________
Capital accounts:
Common s t o c k ___ ;___________________
Surplus ----------------------------------------------Undivided p rofits_____________________

$242,254.80

Total

$54,539.03
140,984.78
16,418.03
2,004.85
___________
213,946.69
25,000.00
2,500.00
808.11

----------------------------------------------- $242,254.80

No. 643.
H O W A R D C I T Y S T A T E B A N K , H O W A R D C IT Y .
Organized February 10, 1920.
E no C. Y a n k b , P re s id en t; S id n e y R e y n o l d s , Vice P re s id en t; C h e s t e r L . C r i m m i n s , C ash ier;
C l a r a M a r l e t t e , J o s e p h i n e M il l e r , A ssistant Cashiers.
D ir e c t o r s .

Raymond M.

Stetson,

Sidney Reynolds, Chester L.
Eno C. Yanke.

Crimmins, Bert E. Meier,

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $39.56
overdrafts) ------------------------------------------ $105,787.01
United States Governmentobligations,
direct and guaranteed________ :_____ 40,000.00
Obligations of States and political sub­
divisions -------------------------------------------32,888.00
Other bonds, notes, and debentures____
29,238.21
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
82,091.46
Bank premises owned __________________
1,500.00
Furniture and fixtures _________________
500.00
Total

---------------------------------------- ------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$292,004.68

Demand deposits of individuals, partner­
ships, and corporations ______________
$63,614.29
Time deposits of individuals, partner­
ships, and corporations ______________
143,104.11
Deposits of States and political sub­
divisions -----------------------------------------------41,038.15
Total deposits________
Capital accounts:
Common stock -----------------------------------Undivided profits ____________________
Total

247,756.55
25,000.00
19,248.13

---------------------------------------- ------ $292,004.68

135

S T A T E B A N K S O F M IC H IG A N
No. 109.
THE

F IR S T

S T A T E & S A Y IN G S B A N K

O F H O W E L L , M IC H IG A N .

Organized November 26, 1890.
W m . E. R obb , P resid en t; D on W . V an W i n k l e , Vice P resid en t; A .
B . L . H i g h t , A ssistant Cashier.

L.

Sm it h ,

C ash ier;

D ir e c t o r s .— W m . E. Robb, A. L. Smith, Don W . Van Winkle, Harry L. W illiam s, W m . E.
Beach, Bert G. Pate, Bert W . Hoff, Berthold Woodhams. H. R. Gillette.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (Including $58.06
overdrafts __________________________ — $236,336.84
United States Government obligations,
direct and guaranteed________________
96,295.94
Obligations of States and political sub­
7,495.80
divisions ______ ;______________________
Other bonds, notes, and debentures ------84,575.70
Corporate stocks (Including $1,950.00
Stock of Federal ReserveBank) __ —
1,950.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
154,613.47
Bank premises owned ---------------------------25,000.00
Furniture and fixtures__________________
5,000.00
Other assets ___________________________
598.75

Demand deposits of individuals, partner­
ships, and corporations_____________
$231,515.97
Time deposits of individuals, partner­
ships, and corporations ______________
219,536.36
Deposits of States and political sub­
53,132.88
divisions _______________
Deposits of banks —^---------------------------29,500.00
Other deposits (certified and officers’
checks, etc.) ___________ —i ---------------1,902.01

T o t a l_______________________________

Total deposits ______________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits ---------------------------------

535,587.22
4,192.00

T o t a l_______________________________

$611,866.50

$611,866.50

62,250.00
2,500.00
7,337.28

No. 559.
M C P H E R SO N S T A T E B A N K , H O W E L L .
Organized F ebruary 24, 1915.
R.

M c P h e r s o n , P re s id en t; W m . M c P h e r so n S m i t h , W m . M c P h e r s o n , I I I ., Vice
P resid en ts; E r ic R e in e r , C ash ier; R a l p h H. L a r s o n , W m . H . G i l k b s , W m . M c P h e r s o n ,
IV, A ssistant Cashiers.
B r u ce

D ir e c t o r s .— R. Bruce McPherson, W m . McPherson, III., W m . McPherson Smith, W m . Mc­
Pherson Browning, Robt. H. McPherson.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (Including $885.21
ov e rd ra fts)-- ---------------------------$614,527.53
United States Government obligations,
direct and guaranteed — _----------------75,208,25
Obligations of States and political sub­
divisions _________________
569,231.58
Other bonds, notes, anddebentures 290,759.56
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________ 1,179,729.63
Bank premises owned __________________
32,302.37
Furniture and fixtures---------------------------2,460.23
Real estate owned other than bank
prem ises_^___________________________
27,740.83

Demand deposits of individuals, partner­
ships, and corporation s____ ________ $650,183.00
Time deposits of individuals, partner­
ships, and corporations ____
1,551,274.07
Deposits of States and political sub­
divisions ___________________________ 104,355.69
Other deposits (certified and officers’
checks, e t c . ) __ ______________________
2,228.49

Total

______________________________ $2,791,959.98


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits__ ____________________ 2,308,041.25
Other liabilities ________________________
157.83
Capital accounts:
First preferred stock _________________
130,000.00
Second preferred stock _______________
100,000.00
Common stock _______________________
150,000.00
Undivided p ro fits_____________________
39,129.77
Reserves _____________________________
64,631.13
Total

______________________________ $2,791,959.98

136

STATE BANKING DEPARTM EN T
No. 784.
H U D S O N S T A T E S A Y IN G S B A N K , H U D S O N .
Organized December 29, 1933.
Branch in W ald ron , M ichigan.

B y r o n J. F o st e r , President and Chairman o f the B o a rd ; L a w r e n c e J. F o s t e r , A l b e r t V.
F o st e r , V ice P resid en ts ; V a l W . F is h e r , Cashier ; R a l p h W . M o in e , C l if f o r d J. S pr a g u e ,

A ssistant Cashiers.
D ir e c t o r s .— Val W . Fisher, Albert V. Foster, Byron J. Foster, Lawrence J. Foster, Samuel
F.
Taylor.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts___________________ $455,231.98
United States Government obligations,
direct and guaranteed _______________
432,685.84
Obligations of States and political sub­
125,568.32
divisions --------------------------------------------Other bonds, notes, and debentures_____
52,904.34
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection____ ,_____________
295,975.19
43,392.68
Bank premises owned ______________ 1 . __
Furniture and fixtures _________________
8,779.12
Real estate owned other than bank
premises --------------------------------------------11,022.39

Demand deposits of individuals, partner­
ships, and corporations _____________
$254,559.17
Time deposits of individuals, partner­
ships, and corporations ______________
932,043.81
Deposits of States and political sub­
divisions __________ ,___ ______________
74,024.28
Other deposits (certified and officers’
checks, etc.) _________________
2,086.10
Total deposits _____ ;_______________ 1,262,713.36
Capital accounts:
Common stock _______________________
100,000.00
Surplus ________________________________
29,000.00
33,846.50
Undivided p ro fits_______________________

T o t a l------------------------------------------------ $1,425,559.86

T o t a l------------------------------------------------$1,425,559.86

No. 143.
T H O M P S O N S A Y IN G S B A N K , H U D S O N .
Organized October 14, 1892.
W . R. T h o m p s o n , President ;

L. P. B e a l , Vice President ; E. J.
R ic k e n b a u g h , A ssistant Cashier.

S c o v il l , C ash ier; E.

C.

D ir e c t o r s .— W . R. Thompson, B. D. Chandler, C. G. Beadenkopf, E. J. Scovili, E. C. Ricken­
baugh, L. P. Beal, W . G. Thompson, E. B. Thompson.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $578,574.76
United States Government obligations,
direct and guaranteed ____________
39,500.00
Obligations of States and political sub­
divisions --------------------------------------------267,425.51
Other bonds, notes, and debentures __ _
9,989.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
359,022.77
Bank premises o w n e d ______
40,984.29
Furniture and fixtures ______
1,183.70
Real estate owned other than bank
premises _____________________________
12,518.73

Demand deposits of individuals, partner­
ships, and corporations _____________ $233,924.92
Time deposits of individuals, partner­
ships, and corporations ______________ 869,389.60
Deposits of States and political sub­
divisions _____________________________
46,278.25
Other deposits (certified and officers’
checks, etc.) _________________________
1,307.18

T o t a l------------------------------------------------$1,309,198.76

Total ------------------------------------------------$1,309,198.76


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________ 1,150,899.95
Capital accounts:
Common stock _______________________
100,000.00
Surplus------------------------------- ---------27,000.00
Undivided profits ____________________
31,298.81

S T A T E B A N K S O F M IC H IG A N

137

No. 492.
T H E H U D S O N Y IL L E

S T A T E B A N K , H U D S O N V IL L E .

Organized June 12, 1911.
O r r in

E d so n , P resid en t ; W m . C. B o ld t , V ice P resid en t; F red F . M c E a c h r o n ,
F. D ale C u r t is a n d H e n ry P. S t e g e m a n , A ssistant Cashiers.

C ash ier;

D ir e c t o r s .— Orrin Edson, W m . C. Boldt, M. L. Boldt, LaMott McEachron, Fred F. McEachron,
F.
Dale Curtis.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $117,268.44
United States Government obligations,
direct and guaranteed ________________
18,100.00
Obligations of States and political sub­
divisions _________________
40,035.78
Other bonds, notes, and debentures___
48,893.20
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
81,564.87
Bank premises owned ____________
3,500.00
Furniture and fixtu res___ ____________ _
500.00
46.39
Other assets ___________ ._______________

Demand deposits of individuals, partner­
ships, and corporations _____________ $102,706.46
Time deposits of individuals, partner­
ships, and corporations _____________
159,714.62
Deposits of States and political sub­
divisions ________
14,498.67
Other deposits (certified and officers’
checks, etc.) _________________________
275.04

Total

Total deposits ___________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Undivided p ro fits _____________________
Reserves _______________________

----------------------------------------------- $309,908.68

Total

______________________________

277,194.79
12,500.00
12,500.00
4,817.14
2,896.75
$309,908.68

No. 794.
I M L A Y C IT Y S T A T E B A N K , I M L A Y C IT Y .
Organized A p ril 19, 1935.
E l m e r S h o m a b , Chairman o f the Board and P re s id en t; K a y
D e w e y N. W e i s s , Cashier.

A . B u t l e r , V ice P resid en t;

D ir e c t o r s .— Elmer Sliumar, Ray A. Butler, Dewey N. Weiss, Myron Fancher, Byran Courter.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $11.78
overdrafts) ___________________________ $108,486.71
United States Government obligations,
direct and guaranteed________________
149,187.00
Obligations of States and political sub­
divisions --------------------------------------------43,000.00
Other bonds, notes, and debentures____
29,916.99
Corporate stocks (Including $1,000.00
Stock of Federal Reserve B a n k )______
1,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
115,624.52
Bank premises owned __________________
2,620.00
Furniture and fixtures _________________
452.94

Demand deposits of individuals, partnerships and corporations _______________ $166,151.47
Time deposits of individuals, partner­
202,983.96
ships, and corporations____ __________
Deposits of States and political sub­
divisions _____________________________
39,318.12
Other deposits (certified and officers’
checks, etc.) ___ :_____________________
977.75

Total

----------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$450,288.16

Total deposits______________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________
Total

— _----------------------------------------

409,431.30
1,262.96
25,000.00
10,000.00
4,593.90
$450,288.16

138

S T A T E B A N K IN G D E P A R T M E N T
No. 191.
S T A T E S A Y IN G S B A N K O F IO N IA , IO N IA .
Organized December 1, 1896.
Branch in Belding, M ichigan.

R o ya l A . H a w l e y , P resid en t; F r e d e r ic k B. P o s t , E xecu tive Vice P re s id en t; G eorge II.
C oe , S r ., Vice P resid en t; W . Y. T e m p l e t o n , C ash ier; G. L . Y a t e s , J o s . A . H o u c k , A ssistant
Cashiers; C. H . C o ok , Branch Manager.
D ir e c t o r s .— Royal A. Hawley, A. V. W right, F. O. Eldred, Dr. F. M. Marsh, George II.
Coe, H. E. Kidder, N. J. Ogilvie, H. H . Darling, C. L. Fuller, F. B. Post, R. A . Colwell.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $192.12
overdrafts) ---------------------------------------- $1,032,128.18
United States Government obligations,
direct and guaranteed ____________ ___ 236,217.57
Obligations of States and political sub­
divisions --------------------------------------------- 222,463.39 '
Other bonds, notes, and debentures____
65,902.48
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
341,916.12
Bank premises owned __________________
37,460.23
5,668.21
Furniture and fixtures _________________
Real estate owned other than bank
premises --------------------------------------------151.55
Other assets ___________________________
485.00

Demand deposits of individuals, partner­
ships, and corporations_______________ $556,029.33
Time deposits of individuals, partner­
ships, and corporations ______________ 1,019,228.51
Deposits of States and political sub­
divisions --------------------------------------------195,795.48
Other deposits (certified and officers’
checks, etc.) --------------------------------------4,941.53

T ota l

Total deposits --------------------------------- 1,775,994.85
5,021.12
Other liabilities ________________________
Capital accounts:
First preferred stock _________________
25,000.00
100,000.00
Common stock -----------------------------------Surplus ----------------------------------------------25,000.00
Undivided p ro fits _____________________
5,126.76
Reserves --------------------------------------------6,250.00

-------------------------------------------------- $1,942,392.73

T ota l

-------------------------------------------------- $1,942,392.73

No. 135.
T H E C O M M E R C IA L B A N K O F IR O N M O U N T A IN , IR O N M O U N T A IN .
Organized February 1, 1892.
O. C. D a v id s o n , Chairman o f the B o a rd ; W . W . T h o m p s o n , P re s id en t; W . J. S t u t z m a n ,
E xecu tive V ice P resid en t; E. G. K in g sf o r d , V ice P re s id en t; F . O. M o r e t t , C ash ier;
E. F. S a n d e b c o c k , A ssistant C a sh ier; W a r n e r B j o r k , Auditor.
D ir e c t o r s .— O. C. Davidson, E. G. Kingsford, S. J. McCabe, W . B. Thompson, W . W . Thomp­
son, Raymond Turner, E . W . Striddle.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $188.37
overdrafts) ---------$554,771.00
United States Government obligations,
direct and guaranteed________________
149,145.00
Obligations of States and political sub­
divisions --------------------------------------------- 103 230 30
Other bonds, notes, anddebentures_____
593,987.75
Corporate stocks (Including $6,000.00
Stock of Federal Reserve Bank) ______
6,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection________ _________
721,811.52
Bank premises owned __________________
95!ooo!oo
Furniture and fixtures _________________
35^000^00
Real estate owned other than bank
premises --------------------------------------------44,613.09
Other assets ___________________________
628.35

Demand deposits of individuals, partner­
ships, and corporations ______________ $649,181.33
Time deposits of individuals, partner­
ships, and corporations ______________ 1,305,596.83
Deposits of United States Government.
(including postal savings) ____________
29,500.00
Deposits of States and political sub­
divisions --------------------------------------------134,882.66
Other deposits (certified and officers’
checks, etc.) --------------------------------------14,058.47

T o t a l---------------- ------------------------------- $2,364,187.01


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ------------------------------------ 2,133,219.29
Capital accounts:
First preferred stock _________________
90,000.00
Common stock -----------------------------------100^000^00
Surplus -------------------------------------------10,000.00
Undivided p ro fits_____________________
22,967.72
Reserves --------------------------------------------8,000.00
T o t a l---------------------------------------- -------$2,364,187.01

139

S T A T E B A N K S O F M IC H IG A N

No. 501.
T H E M I N E R S ’ S T A T E B A N K O F IR O N R IV E R , IR O N R IV E R .
Organized A p ril 23, 1912.
H e n r y H . F r a il in g , P resid en t; H e r m a n H o l m e s , V ice P resid en t; J o h n A . M o n roe , 2nd
Vice P resid en t; C ar l G. N e l s o n , C ashier; C. A . N e l s o n , A ssistant Cashier.
D ir e c t o r s .— Henry

H.

Frailing, Herman Holmes, John A . Monroe, F .
Cannon, Joe Selin, L. E. Irvine.

E.

Brown,

G.

M.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and d iscou n ts _________________ $249,969.97
United States Government obligations,
direct and guaranteed_______
54,900.00
Obligations of States and political sub­
58,481.22
divisions ______ :______________________
Other bonds, notes, and debentures __ __
2,448.25
Corporate stocks (Including $1,750.00
Stock of Federal Reserve Bank) ____
1,750.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
166,062.64
Bank premises o w n e d __________________
9,500.00
1,300.00
Furniture and fixtures _________________
Other a s s e ts __________________________
54.00

Demand deposits of individuals, partner­
ships, and corporations --------------------- $192,234.32
Time deposits of individuals, partner­
ships, and corporations ---------------------- 236,883.31
Deposits of States and political sub­
divisions _____________________________
47,408.20
Other deposits (certified and officers’
checks, etc.) _________________________
5,520.40

Total

______________________________

Total deposits ______________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ------------Total

$544,466.08

___ - _________________________

482,046.23
249.62
50,000.00
7,500.00
4,670.23
$544,466.08

No. 12.
T H E P E N IN S U L A B A N K , IS H P E M IN G .
Organized October 27, 1887.
J o h n K a n d e l in , P re s id en t; W il f r e d S. P ic o t t e , V ice P resid en t; P e t e r H an dberg , C ash ier;
R oy S t a n s b u r y , J o h n J a a k s i , J u l iu s E. L e r e g g e n , A ssistant C a sh iers; W m . T r e b il c o c k ,

Auditor.
D ir e c t o r s .— Thomas W . Hughes, John Kandelin, W aldo T. Potter, W m . Trebilcock, W ilfred S.
Picotte, Charles Simons, Harry S. Peterson.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $26.40
overdrafts) ______
$392,895.74
United States Government obligations,
direct and guaranteed ---------- --------------- 828,467.42
Obligations of States and political sub­
divisions _____________________________
162,430.49
Other bonds, notes, and debentures------- 193,634.24
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of co lle ctio n __ _______________ 396,238.09
Bank premises owned __________________
25,000.00
Other assets -----------------------------------------115.00

Demand deposits of individuals, partner­
ships, and corporations _______________ $291,435.78
Time deposits of individuals, partner­
ships, and corporations________________ 1,314,401.36
Deposits of United States Government
(including postal s a v in g s)___________
25,000.00
Deposits of States and political sub­
divisions ______________ _— -—.-------------70,615.25
Other deposits (certified and officers’
checks, etc.) _________________________
1,409.61

Total

_______________________ - _____ $1,998,780.98


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits__ :___________________ 1,702,862.00
Other liabilities ________________________
2,000.00
Capital accounts:
Common stock _______________________
100,000.00
Surplus ______________________________
100,000.00
Undivided p ro fits _____________________
93,918.98
Total

______________________________ $1,998,780.98

140

S T A T E B A N K IN G D E P A R T M E N T
No. 177.
JA C K SO N C IT Y B A N K & T R U S T C O M P A N Y, JA C K SO N .
Organized January 1, 1865.

Reorganized December 26, 1894.

J o h n W . M in e r , P resid en t; C. F. S p a e t h , E xecu tive V ice P resid en t; B. R. L a r a w a y , H. J.
S m i t h , Vice P resid en ts; R. B. W a l k e r , C ash ier; L. W . S h e r e r , L. J. C l a r k e , R. A. L e w i s ,
A ssistant C ash iers; H. R. L e s l ie , Trust Officer; C. R. M il l e r , A ssistan t Trust Officer;
B. A . S ch r oe de r , Auditor.
D ir e c t o r s .— B. R. Laraway, J. W . Miner, C. Z. Potter, E. A. Bancker, I. M. Dach, G. M.
Carter, H. J. Smith, C. B. Hayes, R. E. Lewis, C. F. Spaeth, C. G. Munn, T. J. McIntyre.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $601.38
overdrafts) -----------------------------------------$3,540,442.31
United States Government obligations,
direct and guaranteed ___
3,188,675.00
Obligations of States and political sub­
divisions _____________________________ 1,332,081.54
412,490.51
Other bonds, notes, and debentures___
Corporate stocks (Including $30,000.00
Stock of Federal Reserve Bank) _____
30,017.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________ 2,612,434.56
Bank premises o w n e d __________________
300,000.00
Furniture and fixtures _________________
82,075.86
Real estate owned other than bank
88,908.14
premises --------------------------------------------Investments and other assets indirectly
representing bank premises or other
real estate -----------------------------------------160,750.00
Other assets ___________________________
93,558.51

Demand deposits of individuals, partner­
ships, and corporations ______________ $4,199,710.54
Time deposits of individuals, partner­
ships, and corporations______________ 5,177,649.21
Deposits of United States Government
(including postal savings) ____________
44,094.75
Deposits of States and political sub­
divisions --------------------------------------------- 927,728.12
Deposits of banks ___
119,339.86
Other deposits (certified and officers’
checks, etc.) _______
90,208.46

Total

Total deposits -----------------------------------10,558,730.94
Other liabilities ____________ .___ ________
3,528.90
Capital accounts:
First preferred stock _________________
400,000.00
300,000.00
Common stock _______________________
Surplus --------------------------------------------350,000.00
Undivided profits ____________________
100,464.97
Reserves _____________________________
128,708.62
Total

$11,841,433.43

$11,841,433.43

No. 115.
T H E G R O S Y E N O R S A Y IN G S B A N K , J O N E S V IL L E .
Organized February 10, 1891.
Charles

G. W h i t e , P resid en t; H a r r y

G o dfr e y , Vice P re s id en t; W il l ia m
Vice P resident and Cashier.

M.

W etm ore,

D ir e c t o r s .— Charles G. W hite, Harry Godfrey, W illiam M. Wetmore, Victor Hawkins, J. S.
Lewis, Andrew Mack, Richard S. Varnum.

Statem ent December 30, 1939.
ASSETS
Loans and discounts (including $43.98
overdrafts) ---------------------------------------- $160,598.02
United States Government obligations,
direct and guaranteed _______________
111,381.11
Obligations of States and political sub­
divisions --------------------------------------------74,596.00
Other bonds, notes, and debentures____
40,162.08
Corporate stocks ________ :______________
1,350.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
118,034.32
Bank premises owned ____________ ,_____
8,000.00
Furniture and fixtures__________________
1,800.00
Other assets___________________
125.40

Total

----------------------------------------------- $516,046.93


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations______ _________
Deposits of United States Government
(including postal savings) ____________
Deposits of States and political sub­
divisions --------------------------------------------Other deposits (certified and officers’
checks, e t c .) ______________ :___________
Total deposits _____________________
Capital accounts:
Common stock -----------------------------------Surplus ----------------------------------------------Undivided profits ____________________
Total

--------------------------------- -------------

$95,482.58
317,543.30
31,474.34
23,602.75
61.00
468,163.97
35,000.00
8,400.00
4,482.96
$516,046.93

S T A T E B A N K S O F M IC H IG A N

14]

No. 147.
T H E H O M E S A Y IN G S B A N K O F K A L A M A Z O O , K A L A M A Z O O .
Organized Novem ber 21, 1892.
F r a n k E. M cA l l is t e r , P resid en t ; F o st e r J. H e r m a n , E xecu tive Vice P resid en t; W . B.
M il h a m , Vice P resid en t; N. S. P ond , C ash ier; W m . F. C. D o o r n in k , A ssistant C ash ier;
C. H. K r u ize n g a , A uditor and A ssistant Cashier.
D ir e c t o r s .— Jos. E. Brown, W . E. Kidder, W . B. Milham, Frank E. McAllister, R. L. Gilkey,
Geo. E. Monroe, F. J. Herman.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $.38 overdrafts) _______________________________ $735,495.18
United States Government obligations,
direct and guaranteed ______________
218,930.45
Obligations of States and political sub­
divisions _____
243,103.88
Other bonds, notes, anddebentures_____
369,248.86
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ______ • __________ 640,847.22
Bank premises owned __________________
34,189.59
Furniture and fixtures____1______________
4,624.54
Other assets _________________ _*_______
1,052.59

Demand deposits of individuals, partner­
ships, and corporations _____________ $962,431.64
Time deposits of individuals, partner­
ships, and corporations_______________
841,798.78
Deposits of States and political sub­
divisions _____________________________
168,440.38
Other deposits (certified and officers’
checks, e t c . ) __ :______________________
20,850.04

Total

---------------------------------------------- $2,247,492.31

Total deposits______________________ 1,993,520.84
Other liabilities ________________________
11,033.01
Capital accounts:
First preferred s t o c k __ _____________
80,000.00
138,800.00
Common stock _______________________
Undivided p ro fits _____________________
24,138.46
Total

______________________________ $2,247,492.31

K A L A M A Z O O IN D U S T R IA L B A N K , K A L A M A Z O O .
Organized Au gu st 25, 1928.
J. M o n roe , P resid en t ; W a l t e r L . O t i s , G e o . E. M o n r o e , C h a r l e s E . F in l e y ,
Vice P resid en ts ; L e w i s A . C a m p b e l l , Cashier and Treasurer ; A n n e S p e r r y , B e r y l E g g l e s ­
to n , O p a l U l r i c h , M a r y P r e s t o n , H e l e n K e e l a n , A ssistant Cashiers ; E dm ond W . C h a s e ,
S ecreta ry ; E l iz a b e t h G ib b , Auditor.

Charles

D ir e c t o r s .— N. J. Baumann, Edmond W . Chase, Charles E. Garrett, A . E. Kettle, Geo. E.
Monroe, Charles J. Monroe, Stephen B. Monroe, W alter L. Otis, Harold J. Yermeulen.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $559,361.27
United States Government obligations,
direct and guaranteed________________
114,449.63
Obligations of States and political sub­
150,000.00
divisions _____________________________
Other bonds, notes, and debentures____
193,616.25
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
624,329.47
Furniture and fixtures _________________
1,034.06
Other assets____________________________
8,402.32

Demand deposits of individuals, partner­
ships, and corporations ______________
$79,095.69
Time deposits of individuals, partner­
ships, and corporations ______________ 1,285,327.04
Deposits of b a n k s ________
20,500.00
Other deposits (certified and officers’
checks, etc.) _________________________
2,184.34

Total

---------------------------------------------- $1,651,193.00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______
1,387,107.07
Other liabilities ________________________
61,061.01
Capital accounts:
Common stock _______________________
52,000.00
Surplus ______________________________
52,000.00
Undivided profits ____________________
18,899.99
Reserves _____________________________
80,124.93
Total

______________________________ $1,651,193.00

142

S T A T E B A N K IN G D E P A R T M E N T
N o. 674.
TH E K A L E Y A STATE BAN K, K A LE YA .
Organized M arch 7, 1921.

A u g u s t L e n z , P re s id en t; E in a r L.

H ag e lb e r g , F irst V ice P re s id en t; F r a n k H . W il s o n ,
2nd Vice P resident and C ash ier; J. A. L u h t a n e n , A ssistant C a sh ier; M. A. G u s t a f s o n !

D. E. H il l s a m e r , Auditors.
D ir e c t o r s .— August Lenz, Einar L. Hagelberg, D. E. Hillsamer, Prank H . Wilson, M. A .
Gustafson.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $43.18
overdrafts) ------------------------------------------ $124,551.97
United States Government obligations,
direct and guaranteed _______________
5,530.00
Obligations of States and political sub­
divisions --------------------------------------------3,980.00
Other bonds, notes, and debentures____
18,804.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
37,750.78
Bank premises ow n ed ___________________
5^000.00
1,000.00
Furniture and fixtures _________________

• Total

Demand deposits of individuals, partnerships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions --------------------------------------------Other deposits (certified and officers’
checks, etc.) ------------------------------Total deposits
Capital accounts:
First preferred stock ________________
Common stock
--------------------------------Undivided p ro fits _____________________
Reserves __________________________ __

----------------------------------------------- $196,617.25

Total

$40,513.33
95,074.39
28,421.51
1,605.19
165,614.42
5,000.00
20,000.00
5,548.67
454.16

----------------------------------------------- $196,617.25

No. 257.
TH E K A L K A SK A STATE BANK, K A LK A SK A .
Organized January 14, 1902.
L. O. B l o o m e r , President and Chairman of the B o a rd ; G. B. K il b o u r n e , S C S h u m s k y
Vice P resid en ts; A v e ry G a f f ie l d , C ash ier; K . D. T i m m i n s , A ssistan t Cashier.
D ir e c t o r s .

L. 0 . Bloomer, G. B. Kilbourne, M. C. Bloomer, R. J. Smith, K . D. Timmins,
Fred Aemisegger.

Statem ent D ecem ber 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS
Loans and discounts (including $74.47
overdrafts) ----------------------------------$218,314.75
United States Government obligations,
direct and guaranteed________________
52,200.00
Other bonds, notes, and debentures____
1,962.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
170,512.98
Bank premises ow n ed __________________
10,000.00
Furniture and fixtures____________ ______
1,800.00
Real estate owned other than bank
premises ____ :________________________
248.44
Other assets ___________________________
513.10

Total

----------------------------------------------- $455,551.77


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations _______________
Deposits of United States Government
(including postal savings) ____________
Deposits of States and political sub­
divisions ----------------------------------------- ---Other deposits (certified and officers’
checks, etc.) __------------- ;______________
Total deposits _____________________
Other liabilities___ _____________________
Capital accounts:
First preferred s t o c k _________________
Common stock -----------------------------------Surplus -------------------------------------------Undivided profits ------------------------------Reserves --------------------------------------------Total

$81,551.16
233,538.63
776.32
gg

jg

10,587.14
395,447.38
1,348.04
16,000.00
25,000.00
13,000.00
3,256.35
1,500.00

----------------------------------------------- $455,551.77

143

S T A T E B A N K S O F M IC H IG A N
N o. 451.
T H E K E N T C IT Y S T A T E B A N K , K E N T C IT Y .
Organized A p ril 28, 1910.
A. H . S a u r , P resid en t; F. N. C h u r c h , C o r n e l iu s G e r b e r , V ice P resid en ts;
C ash ier; R. J. K r ig e r , A ssistant Cashier.
D ir e c t o r s .— A.

H.

Saur, Nels Anderson, M. E. Moore,
R. J . Kriger.

Cornelius

Gerber,

M. E. M oore ,
F.

N.

Church,

Statem ent December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts (including $12.20
overdrafts) _______ 1------------- --------------- $189,392.59
United States Government obligations,
57,618.00
direct and guaranteed________________
Obligations of States and political sub­
divisions __________________________ —
11,193.80
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _______________ —
77,821.52
6,000.00
Bank premises owned __________________
Furniture and fixtures__________________
1,000.00
Real estate owned other than bank
1,500.00
prem ises______________________________

T o t a l_______________________________

Demand deposits of individuals, partner­
ships, and corporations_________ ______
Time deposits of individuals, partner­
ships, and corporations___________ —
Deposits of United States Government
(including postalsavings) --------------------Deposits of States and political sub­
divisions --------------------------------------------Other deposits (certified and officers’
checks, etc.) _________________________

$80,332.80
190,987.66
255.96
28,611.49
408.00

Total deposits______________________
Capital accounts:
Common stock _______________________
Surplus _____
Undivided p ro fits---------------------------------

300,595.91

T o t a l_______________________________

$344,525.91

$344,525.91

27,000.00
9,000.00
7,930.00

No. 514.
T H E K IN D E ST A T E B A N K , K IN D E .
Organized July 20, 1912.
Branch in Gaseville, Michigan.
F r a n k W . H u b bard , Chairman o f the B oa rd ; W . R. E v e r in g h a m , P resid en t; Jos. N. R a n k i n ,
J a m e s L. B u r g e s s , Vice P resid en ts; H e r b e r t A . L u e c k e , Cashier.
D ir e c t o r s .— Frank W . Hubbard, Jos. N. Rankin, W . R. Everingham, F. Langdon Hubbard,
James L. Burgess.

Statem ent December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts------------------------------- $268,841.46
United States Government obligations,
direct and guaranteed------------------------60,725.00
Obligations of States and political sub­
divisions —----------------------------,— -------40,314.42
Other bonds, notes, and debentures ------56,926.77
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection -----------------------—
94,872.87
Bank premises owned ---------------------------5,376.00
Furniture and fixtures ------------------1,000.00

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$528,056.52

Demand deposits of individuals, partner­
ships, and corporations ---------------------Time deposits of individuals, partner­
ships, and corporations _------- ,------------Deposits of States and political sub­
divisions -------------- ----------- ---------------- —
Deposits of banks ---------------------------------Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
First preferred stock _________________
Common s to c k ________________________
Surplus ______________________________
Undivided p ro fits--------------------------------Reserves _______________________ ______

$98,621.29
301,753.10
37,251.42
5,000.00
12,977.19
455,603.00
20,000.00
30,000.00
18,500.00
1,953.52
2,000.00

Total - ______________________________ $528,056.52

144

S T A T E B A N K IN G D E P A R T M E N T

No. 504.
T H E K IN G S T O N S T A T E B A N K , K IN G S T O N .
Organized June 13, 1912.
A l b e r t P e t e r , P resid en t; N e il H. B u r n s , V ice P re s id en t; A . M a r s h a l l , C a sh ier; W
R u h l , A ssistant Cashier.
D ir e c t o r s .

il l ia m

A. Marshall, Albert Peter, Neil H. Burns, John Barden, L . A . Heineman, N. Karr,
J. A. McKenney.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________
United States Government obligations,
direct and guaranteed
______________
Other bonds, notes, anddebentures __
Corporate
stocks
(Including
$900.00
Stock of Federal Reserve Bank) ______
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
Bank premises owned __________________
Furniture and fixtures _________________

Total

$67,464.32
64,304.69
860.00
900.00
85,029.56
1,800.00
452.00

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions --------------------------------------------Other deposits (certified and officers’
checks, etc.) --------------------------------------Total deposits______________________
Capital accounts:
Common s to c k ________________________
Surplus ----------------------------------------------Undivided p ro fits_________________

----------------------------------------------- $220,810.57

Total

$46,030.93
129,154.32
12,613.71
1,305.06
189,104.02
25,000.00
5,200.00
1,506.55

----------------------------------------------- $220.810.57

No. 383.
T H E U N IO N

S T A T E B A N K O F L A IN G S B U R G , M IC H IG A N .
Organized Novem ber 12, 1907.

S e y m o u r P ia t t , P re s id en t; E m il L ee , Vice P re s id en t; E . L . P ia t t , C ash ier; D o r o t h y I.
S c h o a l s , A ssistant Cashier.
D ir e c t o r s .— Seymour Piatt, E. L. Piatt, W ard A. Smith, Emil Lee, T. A . Euler, H. M. Smith.

Statem ent December 30, 1939.
ASSETS
Loans and discounts _____________
$124,617.36
United States Government obligations,
direct and guaranteed_______________
45,575.00
Obligations of States and political sub­
divisions ----------------------------------------16,982.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
64,721.39
Bank premises owned ____________
L100.00
Furniture and fixtures_________
600.00
Real estate owned other than bank
premises --------------------------------------------2,000.00

T o t a l------------------------------------------------ $255,596.25


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
Demand deposits of individuals, partner­
ships, and corporations_______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of United States Government
(including postal savings) ____________
Deposits of States and political sub­
divisions _________ ______
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ---------------------------------Other liabilities ___________________ _____
Capital accounts:
Common stock _______________________
Surplus ----------------------------------------------Undivided profits _____________________

$67,787.18
118,088.04
95.97
26,722.12
712.65
213,405.96
1,966.37
25,000.00
13,500.00
1,723.92

T o t a l-------- --------------------------------------- $255,596.25

145

S T A T E B A N K S O F M IC H IG A N
No. 417.
T H E L A K E C IT Y S T A T E B A N K , L A K E C IT Y .
Organized December 21, 1908.
Branch in M cBain, Michigan.
S im

A r d is ., P resid en t;

W . J. A r d is , V ice P resid en t; H er b e r t G. B ac on , C a sh ier; H . L.
L a m b , A ssistant Cashier.

D ir e c t o r s .— R. M. Bielby, Sim Ardis, W . J. Ardis, H . G. Bacon, Theo. W allington, Orville
Dennis.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $137.82
ov e rd ra fts)_!__________________
$453,262.73
United States Government obligations,
direct and guaranteed _______________
116,397.00
Obligations of States and political sub­
divisions _____________________________
38,592.60
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
190,596.75
Bank premises owned __________________
7,500.00
Furniture and fixtures _________________
1,500.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $220,835.93
Time deposits of individuals, partner­
ships, and corporations ______________
400,159.38
Deposits of States and political sub­
divisions _____________________________
78,560.59
Deposits of banks ______________________
5,299.38
Other deposits (certified and officers’
1,921.42
checks, etc.) _________________________

Total

Total deposits______________________
Other liabilities ________________________
Capital accounts:
First preferred s t o c k _________________
Common s to c k _____________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________
Total

_____________________________ _ $807,849.08

______________________________

706,776.70
7,000.00
16,000.00
50,000.00
16,000.00
9,072.38
3,000.00
$807,849.08

N o. 283.
U N IO N B A N K , L A K E O D E S S A .
Organized October 10, 1903.
D a v id

S m i t h , P resid en t; F. R. B a in e , V ice P resid en t; C. C. T y so n ,
M c C a r t n e y , L eo W . T u c k e r , A ssistant Cashiers.

C ash ier; G r a ce M.

D ir e c t o r s .— F. A. Page, David Smith, Ellis W . Durkee, F. R. Baine, W . C. McCartney, Rex
Branch, Grace M. McCartney.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $21.79
overdrafts) ___________________________ $233,778.32
United States Government obligations,
direct and guaranteed________________
59,128.90
Obligations of States and political sub­
divisions _____________________________
7,874.21
Other bonds, notes, and debentures____
65,065.65
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection________
152,059.87
Bank premises owned __________________
3,000.00
Furniture and fixtures _________________
528.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $111,654.58
Time deposits of individuals, partner­
ships, and corporations_______________
313,510.42
Deposits of States and political sub­
divisions _____________________________
43,705.27
Other deposits (certified and officers’
checks, etc.) _________________________
547.05

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$521,434.95

Total deposits _____________________
Capital accounts:
Common stock _______________________
Undivided p ro fits___________ .____ _____
Reserves _____________________________
Total

______________________________

469,417.32
50,000.00
1,424.88
592.75
$521,434.95

146

S T A T E B A N K IN G D E P A R T M E N T
No. 190.
O R IO N S T A T E B A N K , L A K E O R IO N .
Organized A p ril 23, 1896.

D r . C. R. B u e l l , P resid en t; F r a n k H. L e s s it e r , F irst Vice President ; L ee E a r l e , Second
Vice P resid en t ; K . B. C h a p i n , Cashier.
D ir e c t o r s .— Lee Earle, Frank H. Lessiter, Stuart J. Haddrill, Chas. W . Berridge, C. R. Buell.

Statem ent December 30, 1939.
ASSETS

.

Loans and discounts__ _________________ $224,323.08
United States Government obligations,
direct and guaranteed _______________
80,655.00
Obligations of States and political sub­
divisions _____________________________
34,432.00
Other bonds, notes, and debentures____
53,595.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
147,210.88
2,300.00
Bank premises owned _________________
Furniture and fixtures _______________
1,000.00
Other assets ___________________________
78.63

T o t a l------------------------------------------------

LIABILITIES AND CAPITAL ACCOUNTS
Demand deposits of individuals, partner­
ships, and corporations ______________ $123,146.87
Time deposits of individuals, partner­
ships, and corporations ______________
267,214.44
Deposits of United States Government
(including postal savings) ____________
575.04
Deposits of States and political sub­
divisions _____________________________
96,776.83
5,000.00
Deposits of banks ______________________
Other deposits (certified and officers’
checks, etc.) _________________________
981.46
Total deposits _____________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Undivided p ro fits _____________________

493,694.64

T o t a l_______________________________

$543,594.59

$543,594.59

20,000.00
25,800.00
4,099.95

N o. 300.
B A N K O F L A K E V IE W , L A K E V IE W .
Organized October 27, 1904.
D. S. G r i f f i t h , P resid en t; C l if t o n A . Y o u n g m a n , V ice P resid en t; K e i t h W
D o r o t h y S m i t h , A ssistant Cashier.

il l i s o n ,

C ash ier;

D ir e c t o r s .— D. S. Griffith, George Rader, Keith W illison, Clifton A. Youngman, Orin Faling.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts _________
$130,618.39
United States Government obligations,
direct and guaranteed________________
9,500.00
Obligations of States and political sub­
divisions _____________________________
40,875.00
Other bonds, notes, anddebentures___ _
7,735.00
Corporate
stocks
(Including $1150.00
Stock of Federal Reserve Bank) ______
1,150.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
146,115.30
Bank premises owned __________________
4,800.00
Furniture and fixtures _________________
885.00
Total

----------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$341,678.69

Demand deposits of individuals, partner­
ships, and corporations_______________
Time deposits of individuals, partner­
ships, and corporations _______
Deposits of States and political sub­
divisions --------------------------------------------Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p rofits_____________________
Total

----------------------------------------------

$92,001.94
174,665.71
32,850.57
1,594.34
301,112.56
30,000.00
7,650.00
2,916.13
$341,678.69

147

S T A T E B A N K S O F M IC H IG A N
No. 518.
C O M M E R C IA L B A N K O F L ’A N S E , L ’A N S E .
Organized July 17, 1912.

J o h n B e c k , P resid en t; F eed R o ge r s , Vice P resid en t; C l a r e n c e D u b u qu e , C ash ier; A r t h u r
G.
O h m a n , A ssistant Cashier.
D ir e c t o r s .— Clarence

Dubuque, Fred Rogers, Claude D. Riley,
Beck, W . T. Menge, Almor Penegor.

Attilio

Castigliano,

John

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (Including $23.03
overdrafts) ___________________________ $209,220.23
United States Government obligations,
direct and guaranteed _______________
41,507.50
Obligations of States and political sub­
divisions __________
39,888.54
Other bonds, notes, and debentures____
19,160.00
Corporate
stocks
(Including
1,350.00
Stock of Federal Reserve B a n k )______
1,350.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
213,169.18
Bank premises owned __________________
9,200.00
Furniture and fixtures__________________
1,432.76

Demand deposits of individuals, partner­
ships, and corporations ______________ $154,035.34
Time deposits of individuals, partner­
ships, and corporations_______________
187,659.54
Deposits of United States Government
(including postal savings) ___________
2,536.55
Deposits of States and political sub­
divisions _____________________________
135,923.02
Other deposits (certified and officers’
checks, etc.) _____________
3,168.94

Total

----------------------------------------------

Total deposits _________________________ 483,323.39
Capital accounts:
Common s to c k ________________________
25,000.00
Surplus ______________________________
20,000.00
Undivided p ro fits_____________________
6,604.82

$534,928.21

Total

----------------------------------------------

$534,928.21

No. 133.
A M E R IC A N S T A T E S A Y IN G S B A N K , L A N S IN G .
Organized January 4, 1892.
One Branch.
D o n ald E. B a t e s , P resid en t ; A l b e r t A . E l s e s s e r , E xecu tive V ice P resid en t; H a r r y F.
H a r p e r , V ice P resid en t ; J o h n H . M a r t in , Vice P resident and C ashier ; A l l e n W . W o o l s e y ,
E l l i s V a n S icklei , A . J. S e y f r ie d , A ssistant C ash iers; M a r k V an F r a n k , A u d ito r ; E d . R oe ,

Manager South Lansing Branch.
D ir e c t o r s .— Donald E. Bates, Albert A . Elsesser, J. George Hagameir, Harry F. Harper,
Albert E. Hurd, John H . Martin, F. Carew Martindale, Clarence S. Roe, Frank A. Stolte,
Frank H . Thoman, Clyde J. Truesdell, Thomas A. Vandervoort.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $8.04
overdrafts) ------------------------------------------ $2,626,346.10
United States Government obligations,
direct and guaranteed _______________
881,366.49
Obligations of States and political sub­
divisions --------------------2,217,343.80
Other bonds, notes, and debentures____
424,932.55
Corporate stocks (Including $19,500.00
Stock of Federal Reserve Bank) _____
19,500.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________ 2,119,450.36
Bank premises o w n e d __________________
221,816.90
Furniture and fixtures _________________
35,549.16
Other assets __________________________
38,210.03

Demand deposits of individuals, partner­
ships, and corporations __ ____ :______ $3,669,704.57
Time deposits of individuals, partner­
ships, and corporations ______________ 2,870,448.66
Deposits of States and political sub­
divisions _____________________________
902,554.25
Deposits of b a n k s ______________________
199,884.33
Other deposits (certified and officers’
checks, etc.) _________________________
79,763.06

Total

---------------------------------------------- $8,584,515.39


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits______________________ 7,722,354.87
Other liabilities _________
72,278.73
Capital accounts:
First preferred stock _________________
150,000.00
Common stock _______________________
500,000.00
Undivided profits ____________________
65,229.48
Reserves _____________________________
74,652.31
Total

______________________________ $8,584,515.39

ST A T E B A N K IN G D E P A R T M E N T

148

N o. 755.
B A N K O F L A N S IN G , L A N S IN G .
Organized M ay 3, 1928.
One Branch.
J. W . W il f o r d , P resid en t ; F red M a r in , E xecu tive V ice P resident ; D. D. H a r r is , Vice P resi­
d e n t ; J. A . A l l e n , C a sh ier; W . J. W e l l m a n , W . S. K e c k , A ssistan t C ash iers; E . A.
F o e r c h , A u d ito r; H a r v e y I. S c o t t , Branch Manager.
D ir e c t o r s .— John Affeldt, Jr., George P. Anderson. W . Fred Barker, Charles F. Buehler,
Roy Dean, Albert L. Ehinger, H . Chris Hansen, D. D. Harris, Clayton F. Jennings, Leroy
Lewis, Fred Marin, McKinley H . Keniger, Eric P. Teel, J. W . W ilford.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (Including $103.07
overdrafts) __________________________ $2,052,342.24
United States Government obligations,
direct and guaranteed _______________
871,623.44
Obligations of States and political sub­
divisions _____________________________
893,693.70
498,196.17
Other bonds, notes, and debentures____
Corporate stocks (Including $10,800.00
Stock of Federal Reserve B a n k )__ ____
10,800.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________ 1,755,132.49
Bank premises owned __________________ ' 32,863.96
14,645.91
Furniture and fixtures _________________
Other assets ___________________________
20,183.04

Demand deposits of individuals, partner­
ships, and corporations ______________ $2,342,190.99
Time deposits of individuals, partner­
ships, and corporations _____________ - 2,286,886.32
Deposits of States and political sub­
divisions _____________________________
895,546.50
Deposits of banks ______________________
53,853.36
Other deposits (certified and officers’
checks, etc.) _________________________
95,228.69

T o t a l_______________________________ »6,149,480.95

T o t a l_______________________________ $6,149,480.95

THE

Total deposits ______________________ 5,673,705.86
Other liabilities ________________________
17,427.82
Capital accounts:
First preferred stock _________________
227,500.00
100,000.00
Common stock _______________________
Surplus ______________________________
30,000.00
Undivided p ro fits _____________________
57,709.19
Reserves _____________________________
43,138.08

C E N T R A L T R U S T C O M P A N Y , L A N S IN G .
Organized January 21, 1926.

E d m u n d C. S h i e l d s , P resid en t ; H a r r y F. H a r p e r , R ic h a r d H . S c o t t , J a m e s W . W il f o r d ,
Vice P resid en ts ; H a r r y D. B e n n e t t , Vice President and S ecreta ry ; A l l a n R. B l a c k , Vice
President and C oun sel; H o w a r d M ic k e l s o n , Vice President and T reasurer ; W il l i a m A.
R u b l e , A ssistant S ecretary and A ssistant Treasurer.
D ir e c t o r s .— Geo. P. Anderson, Alva M. Cummins, W alter S. Foster, Harry F. Harper,
Christian Herrmann, Nathan P. Hull, Vern V. Moulton, Drury L. Porter, Henry A. Reniger,
J. Gottlieb Reutter, Richard H . Scott, Edmund C. Shields, George E. Smith, Frank H.
Thoman, James W . W ilford.

Statem ent December 30, 1939.
ASSETS

LIABILITIES

Loans _________________________________ $160,147.00
Advances to trusts _____________________
3,994.02
Accounts receivable _________
2,368.07
United States Government obligations,
direct and fully guaranteed__________
77,497.19
Other bonds, stocks, andsecurities______
48,641.51
Cash, and balances with designated de­
positaries, fiduciary funds ____________
241,487.09
Cash, and balances with other deposi­
taries, company funds________________
124,381.39
Banking house _________________________
44,852.86
Furniture and fixtures__________________
3,345.11
Other assets____________________________
385.72
Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$707,099.96

Fiduciary funds ________________________
Other liabilities ____
Capital account:
Common stock _______________________
Surplus ______________________________
Undivided profits ____
Reserve for contingencies_____________

$300,487.09
494.19

Total, including capital a ccou n t____

$707,099.96

200,000.00
160,000.00
40,618.68
5,500.00

149

S T A T E B A N K S O F M IC H IG A N
T H E I N D U S T R I A L B A N K , L A N S IN G .
Organized A p ril 8, 1926.

A r t h u r D . B a k e r , P re s id en t; P r a n k E . B a k e r , E x . V ice P r e s .; P r a n k A . S t o l t e , J a m e s
I. V a n K e u r e n , Vice Presidents ; L y l e C. G r e e n m a n , Secretary-Treasurer.
D ir e c t o r s .— Arthur D. Baker, Prank B. Baker, Eugene T. Hammond, Prank A. Stolte, James
I. VanKeuren, Ernest I. Dail, Barl W . Goodnow, Bruce B. Anderson, B. L. Hewett, George
Arbaugh, Joseph Coleman, P. C. Yull.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts____________________ $788,364.88
United States Government obligations,
direct and guaranteed________________
21,765.76
Obligations of States and political sub­
divisions ---------------------------3,000.00
Other bonds, notes, and debentures------3,357.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
50,506.69
Furniture and fixtures _________________
2,919.15
Real estate owned other than bank
premises _____________________________
2,800.00
Other assets____________________________
1,000.00

Time deposits of individuals, partner­
ships, and corporations ______________ $589,339.41

Total

Total deposits______________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________
Reserves ____________________________

Total

_________________________ - ____ $873,713.48

______________________________

589,339.41
44,953.76
125,000.00
80,000.00
29,420.31
5,000.00

$873,713.48

N o. 271.

LAPE ER SAVINGS BANK OF LAPEER, M ICHIGAN.
Organized September 16, 1902.
T. G. C a l e y , P re s id en t; W . J. A b b o t t , C h a r l e s A. S t i e r , Vice P resid en ts; O m a r E. P o t t e r ,
C ash ier; W . W . B e c k m a n , A ssistant Cashier.
D ir e c t o r s .— W .

J. Abbott,

H. L. Baird, M atthias Caley, T . G.
C. L. Vosburgh, H . B. Zemmer.

Caley,

Charles

A.

Stier,

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $10.19
overdrafts) ___________________________ $346,360.59
United States Government obligations,
direct and guaranteed ---------21,302.63
Obligations of States and political sub­
divisions _____________________________
30,128.04
Other bonds, notes, and debentures------42,386.11
Corporate stocks (Including $1,850.00
Stock of Federal Reserve Bank) --------1,850.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items In
process of collection --------------------------- 130,679.98
Bank premises owned — ---------------------24,000.00
Furniture and fixtures --------------------------1,483.56
Other assets____________________________
7,478.36

Demand deposits of individuals, partner­
ships, and corporations_______________ $125,834.65
Time deposits of individuals, partner­
ships, and corporations------------------------ 352,265.51
Deposits of States and political sub­
divisions _____________________________
47,382.50
Other deposits (certified and officers’
checks, etc.) --------------------------------------2,754.60

T o t a l_______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$605,669.27

Total deposits______________________
Other liabilities __________________
Capital accounts:
Common stock -----------------------------------Undivided p ro fits ---------------------------------

528,237.26
6,226.68

T o t a l_______________________________

$605,669.27

60,750.00
10,455.33

150

S T A T E B A N K IN G D E P A R T M E N T
No. 545.
TH E HOM E STATE BAN K OF LAW R EN CE, LAW RENCE.
Organized M arch 7, 1914.

R e x K . J e n n in g s , P re s id en t; H . R. P h i l l i p s , V ice P resid en t; H o m e r S h o o p , C ash ier; L eo
J. K ie r e in , A ssistant Cashier.
D ir e c t o r s .— W alter B. Shoop, H. R. Phillips, Rex K . Jennings, Frank J. Warner, Frank C.
Thompson, Homer Shoop.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $2.25
overdrafts) ___________________________ $174,857.91
United States Government obligations,
direct and guaranteed _______________
66,455.78
Obligations of States and political sub­
divisions ________________ 1____________
26,171.03
Corporate
stocks
(Including
$950.00
Stock of Federal Reserve B a n k )______
950.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
74,719.91
Bank premises owned __________________
2,700.00
200.00
Furniture and fixtures__________________

Demand deposits of individuals, partner­
ships, and corporations_______________ $109,402.19
Time deposits of individuals, partner­
ships, and corporations ______________
166,142.20
Deposits of States and political sub­
divisions _________________________
20,415.84
Deposits of banks ______________________
5,000.00
Other deposits (certified and officers’
checks, etc.) _________________________
4,044.84

Total

Total deposits ______________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________

----------------------------------------------- $346,054.63

305,005.07
5,638.98
25,000.00
10,000.00
410.58

Total ----------------------------------------------- $346,054.63

NO. 8.
T H E PE O P LE S B A N K O F L E S L IE , L E S L IE .
Organized December 24, 1886.
A r t h u r J. T u t t l e , P re s id en t; B. T . B l a c k m o r e , R u m s e y M. H a y n e s , V ice P resid en ts; A . L.
D o w l in g , C ash ier; H . G. H a m il t o n , A ssistant Cashier.
D ir e c t o r s .— Arthur J. Tuttle, A. L. Dowling, Grace Tuttle Annis, E. T. Blackmore, Rumsey
M. Haynes, H . G. Hamilton.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $258.64
overdrafts) ___________________________ $173,283.75
United States Government obligations,
direct and guaranteed________________
45,775.00
Obligations of States and political sub­
divisions _____________________________
135.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________
152,702.14
Bank premises ow n ed ____________
1,942.50
Other assets ___________________________
315.06

Demand deposits of individuals, partner­
ships, and corporations ______________ $185,743.60
Time deposits of individuals, partner­
ships, and corporations _____________
110,820.23
Deposits of United States Government
(including postal savings) ____________
34.73
Deposits of States and political sub­
divisions --------------------------------------------39,656.94
Other deposits (certified and officers’
checks, etc.) ______________
938.03
Total deposits ______________________
Capital accounts:
Common stock ___________
Surplus ______________________________
Undivided p ro fits _____________________

Total

----------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$374,153.45

Total

337,193.53
25,000.00
10,000.00
1,959.92

----------------------------------------------- $374,153.45

S T A T E B A N K S O F M IC H IG A N

151

No. 621.
STATE B AN K

O F L E V E R IN G , L E V E R IN G .

Organized October 28, 1918.
W . L. B u r n s , President ; C. W . R eed , R. D. W a l k e r , Vice P resid en tsj L. G. C o r n e il , Cashier.
D ir e c t o r s .— C. W . Reed, R. D. Walker, W . L. Burns, E. R. Burns, W . E. Larson.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $5.20
overdrafts) ---------------------------------------United States Government obligations,
direct and guaranteed____________
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
Bank premises owned __________________
Furniture and fixtures _________________

$48,335.30
5,000.00
26,870.61
3,700.00
1,700.00

Demand deposits of individuals, partner­
ships, and corporations
_____________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions _ ___________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________

Total

------------- --------------------------------

$85,605.91

Total

----------------------------------------------

$25,393.97
23,350.06
5,283.64
521.42
54,549.09
5,000.00
20,000.00
5,000.00
1,056.82
$85,605.91

No. 705.
T H E S T A T E S A V IN G S B A N K O F L IN C O L N P A R K , M IC H IG A N .
Organized October 8, 1923.
E lm er

Chairman o f the B oard; J o h n G o l d s , P resid en t; A l f r e d P il o n ,
P resid en t; A. A. B ru de r , C a sh ier; G eo rg e A. T h o m a s , A ssistant Cashier.

Q u a n dt ,

Vice

D ir e c t o r s .— Elmer Quandt, John Golds, Frances James, Alfred Pilon, Horrace H. Mallinson,
Norman S. James, A. A. Bruder.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $79.98
overdrafts) __________________________ $552,857.00
United States Government obligations,
direct and guaranteed________________
137,440.34
Obligations of States and political sub­
divisions _____________________________
27,056.13
Other bonds, notes, and debentures____
30,959.07
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
220,369.13
Bank premises owned __________________
15,000.00
Furniture and fixtures _________________
4,252.69
Other assets ___________________________
1,384.04

Demand deposits of individuals, partner­
ships, and corporations_______________ $208,561.32
Time deposits of individuals, partner­
ships, and corporations ______________
583,835.74
Deposits of States and political sub­
divisions _____________________________
57,964.73
Other deposits (certified and officers’
checks, etc.) _________________________
9,578.61

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$989,318.40

Total deposits ______________________
Other liabilities ___ -____________________
Capital accounts:
First preferred stock _________________
Common stock ___________ ___________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________
Total

859,940.40
42,159.02
23,050.00
25,000.00
30,000.00
7,765.02
1,403.96
$989,318.40

152

S T A T E B A N K IN G D E P A R T M E N T
No. 533.
THE

S T A T E B A N K O F L IN W O O D , L IN W O O D .
Organized January 9, 1913.

W m . B. H e n r y , President and Chairman of the B o a rd ; H e n ry B. L i n t s , Vice P resid en t;
J. A . O u il l e t t e , C ash ier; A u g u s t J. P rovo , A ssistant Cashier.
D ir e c t o r s .— Henry B. Lints, J. C. Hirschfield, W m . B. Henry, Chas. L. Hess, J. A . Ouillette,
C. A. Bachman, A. J. Provo.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $151,105.84
United States Government obligations,
direct and guaranteed _______________
54,575.00
Other bonds, notes, and debentures____
5,875.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
134,747.78
2,500.00
Bank premises owned ___________________
Furniture and fixtures _________________
300.00

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions ___
Other deposits (certified and officers’
checks, e t c . ) __________
Total deposits______________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________

Total

----------------------------------------------- $349,103.62

Total

$42,552.59
217,703.43
43,043.07
719.54
304,018.63
1,000.00
25,000.00
15,000.00
4,084.99

----------------------------------------------- $349,103.62

No. 408.
L I T C H F I E L D S T A T E S A V IN G S B A N K , L I T C H F I E L D .
Organized A u gu st 3, 1908.
F r a n k S a c k e t t , P re s id en t; F. A. G ordon ., V ice P re s id en t; R. L. F o g e l , Cashier.
D ir e c t o r s .— Fay Elser, F. A. Gordon, J. W . Lambright, Frank Sackett, John VanW ert, C. E.
Wolfinger.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $120.11
overdrafts) ___________________________ $131,822.90
United States Government obligations,
direct and guaranteed _____ ._________
30,000.00
Obligations of States and political sub­
divisions _______ ,_____________________
24,351.85
Other bonds, notes, and debentures------40,516.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
63,849.41
Bank premises ow n ed ___________________
2,500.00
Furniture and fixtures _________________
1,500.00
Real estate owned other than bank
premises _____________________________
252.03
Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$294,792.69

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Total

______________________________

$92,054.62
150,141.85
18,227.01
1,296.45
261,719.93
25,000.00
6,000.00
2,072.76
$294,792.69

153

S T A T E B A N K S O F M IC H IG A N
N o. 360.
S T A T E S A Y IN G S B A N K , L O W E L L .
Organized January 29, 1907.

R. V a n D y k e , P resid en t; C. H. R u n c im a n , L ee E. L a m p k i n , V ice P resid en ts; H ar k y D a y ,
C ash ier; D. A. W in g e ie r , A ssistant Cashier.
D ir e c t o r s .-— Harry Day, H. J. Englehardt, John P. Freeman, L. E. Lampkin, P. C. Peckham,
C. H. Runciman, H. L. Weekes, R. VanDyke, C. E. Foreman, M. W . Gee.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $49.21
overdrafts) _________________
$340,389.16
United States Government obligations,
284,109.06
direct and guaranteed ______
Obligations of States and political sub­
divisions _____________________________
28,409.58
Other bonds, notes, and debentures____
64,985.00
Corporate stocks (Including $2,250.00
Stock of Federal Reserve B a n k )______
2,250.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ________ __________ 172,730.55
1,550.00
Bank premises owned ______________
Furniture and fixtures _________________
5,000.00

Demand deposits of individuals, partner­
$183,581.26
ships, and corporations _________
Time deposits of individuals, partner­
ships, and corporations ______________ 489,505.75
Deposits of United States Government
(including postal savings) ___________
13,500.00
Deposits of States and political sub­
divisions _____________________________
105,711.96
Deposits of banks ______________________
15,000.00
Other deposits (certified and officers’
checks, e t c .) ___________ :______________
7,611.08

Total

---------------------------------------------

Total deposits ______________
Capital accounts:
Common stock ______________________
Surplus ______________________________
Undivided p ro fits_____________________

$899,423.35

Total

_____________________________

814,910.05
50,000.00
30,000.00
4,513.30
$899,423.35

No. 239.
L U D IN G T O N S T A T E B A N K , L U D IN G T O N .
Organized M ay 11, 1901.
J o s e p h S a h l m a r k , P resid en t; A. W . C h u r c h , M. B. D a n a h e r , V ice P resid en ts; O r m a l C.
Z ook , Cashier and A ssistant Trust Officer; E. A . M il l e r , A ssistant Cashier and Trust
Officer; G. L. D odd, Auditor.
D ir e c t o r s .— Joseph Sahlmark, Ormal C. Zook, O. A. Starke, John Pehrson, E. R. Hermann.
H. F. W ashatka, A. W . Church, A. E. Rasmussen, E. A. Miller, Martin Abrahamson.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $133.78
overdrafts) ___________________________ $311,758.50
United States Government obligations,
direct and guaranteed_________ ;_____
224,762.50
Obligations of States and political sub­
divisions _____________________________
255,356.81
Other bonds, notes, and debentures____
101,974.13
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
474,253.02
Bank premises owned __________________
35,000.00
Furniture and fixtures _________________
5,355.00

Demand deposits of individuals, partnerships, and corporations_______________ $432,550.62
Time deposits of individuals, partner­
ships, and corporations ______________
693,003.71
Deposits of States and political sub­
divisions _____________________________
177,159.25

Total

______________________________ $1,408,459.96


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________ 1,302,713.58
Capital accounts:
Common stock _______________________
70,700.00
Surplus ______________________________
18,500.00
Undivided profits ____________________
16,546.38
Total

__________ ___________________ $1,408,459.96

154

S T A T E B A N K IN G D E P A R T M E N T
N o. 759.
LU TH ER STATE BAN K, LU TH ER.
Organized M ay 13, 1929.

R . J. S m i t h , Chairman o f the Board and P resid en t; H . W . M c P h a i l , Vice P resid en t; R. J.
B ra dfo rd , C a sh ier; R. S. S m i t h , A ssistant Cashier.
D ir e c t o r s .— H.

W.

McPhail,

R.

J. Bradford, George Cutler,
Hollister, R. J. Smith.

Dr.

Earl

Fairbanks,

H.

J.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $2,031.69
overdrafts) 1_____
$170,820.49
United States Government obligations,
direct and guaranteed________________
55,000.00
Obligations of States and political sub­
5,000.00
divisions --------------------------------------------Other bonds, notes, and debentures____
3,635.56
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection____________ •_____
48,661.17
Bank premises owned __________________
7,350.00
Furniture and fixtures _________________
1,850.00
Real estate owned other than bank
premises ____
1,801.25

Total

----------------------------------------------

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions _________________ I___________
Deposits of b a n k s __ ,___________________
Other deposits (certified and officers’
checks, etc.) ________ _________ 1______
Total deposits_____ ________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Surplus ----------------------------------------------Undivided profits _____________________
Reserves _____________________________

$294,118.47

$32,720.54
179,891.42
25,682.88
5,000.00
5,131.12
248,425.96
16,300.00
20,000.00
6,000.00
892.51
2,500.00

Total ---------------- ------------------------------ $294,118.47

No. 130.
T H E A N T R I M C O U N T Y S T A T E S A V IN G S B A N K , M A N C E L O N A .
Organized December 28, 1891.
W m . J. B r o w e r , P resid en t; W . A . G ar d n er , Vice P resid en t; C. B. N ee lan d , Cashier.
D ir e c t o r s .— W m . J. Brower, W . A. Gardner, W illis J. W ickett, Wallace W . W eatter, Frank
O. Schroeder, H . B. Losey, C. B. Neeland.

Statem ent December 30, 1939.
ASSETS
Loans and discounts _________________
United States Government obligations,
direct and guaranteed________________
Obligations of States and political sub­
divisions _____________________________
Other bonds, notes, and debentures ____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ________________
Bank premises owned __________________
Furniture and fixtures _________________
Real estate owned other than bank
premises _____________________________
Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
$73,311.72
76,721.33
44,336.65
49,025.00
80,473.35
7,000.00
2,000.00
207.71
$333,075.76

Demand deposits of individuals, partner­
ships, and corporations_______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits _____________________
Capital accounts:
Common stock ______________________
Undivided profits ____________________
Total

$68,157.56
157,897.44
77,619.92
2,469.44
306,144.36
25,000.00
1,931.40

----------------------------------------------- $333,075.76

S T A T E B A N K S O F M IC H IG A N

155

No. 242.
PEOPLES BAN K, M ANCH ESTER.
Organized A u gu st 8, 1901.
H ir a m P a r r , P resid en t; P . A. S c h e u r e r , C h a r l e s E. W a l t z , Vice P resid en ts; F. A. L e h m a n ,
Cashier; L. P. W u r s t e r , A ssistant Cashier.
D ir e c t o r s .— L. W hitney Watkins, P . A. Scheurer, Hiram Parr, F. A. Lehman, W m . Haeussler,
G.
W . Kramer, Charles E. W altz, W alter Luckhardt, Carl F. Wuerthner.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $11.07
overdrafts) __________________________
United States Government obligations,
direct and guaranteed _______________
Obligations of States and political sub­
divisions _____________________________
Other bonds, notes, and debentures____
Corporate
stocks
(Including
$900.00
Stock of Federal Reserve B a n k )______
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
Bank premises owned _________________
Furniture and fixtures _________________
Other a s s e ts __ :________________________
Total

$97,078.86
85,493.69
30,145.07
44,898.23
900.00
70,706.39
5,000.00
2,000.00
15.78

Demand deposits of individuals, partnerships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations __________ .___
Deposits of States and political sub­
divisions ______________ _____________
Total deposits _____________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________

---------------------------i ------------------ $336,238.02

Total

______________________________

$77,299.36
209,877.74
12,383.56
299,560.66
25,000.00
5,000.00
6,677.36

$336,238.02

N o. 172.
U N IO N S A Y IN G S B A N K O F M A N C H E S T E R , M A N C H E S T E R .
Organized June 23, 1894.
E d . E. R oot , P resid en t; M. P. A lbe r , 1st Vice P re s id en t; E ben F . H o r n in g , Second Vice
P resid en t; B. C. B oot , C ash ier; L. A . M a r x , A ssistant Cashier.
D ir e c t o r s .-— Ed. E. Root, H. A. Horning, M. P. Alber, W m . J. Schlicht, Theo. J. Kühl, E. F.
Horning, Raynor B. Haeussler, James C. Hendley, Frank H . Tirb.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $33.38
overdrafts) _________
$185,106.08
United States Government obligations,
direct and guaranteed _______________
96,250.00
Obligations of States and political sub­
divisions _____________________________
349,671.99
Other bonds, notes, and debentures ____
88,942.56
Corporate stocks
(Including $2,550.00
Stock of Federal Reserve Bank) ______
2,550.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
99,505.22
Bank premises owned __________________
11,000.00
Furniture and fixtures _________________
1,700.00
Real estate owned other than bank
premises _____________________________
10,820.92

Demand deposits of individuals, partnerships, and corporations ___________ :__ $106,681.15
Time deposits of individuals, partner­
ships, and corporations ______________
620,909.19
Deposits of States and political sub­
divisions ____
11,808.15
Deposits of banks ______________________ _
5,000.00
Other deposits (certified and officers’
checks, etc.) _________________________
1,074.66

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$845,546.77

Total deposits ___________ :__________
745,473.15
Capital accounts:
First preferred stock _________________
30,000.00
Second preferred stock _______________
10,000.00
Common stock _______________________
25,000.00
Surplus ______________________________
20,000.00
Undivided profits ____________________
10,073.62
Reserves _______________________________
5,000.00
Total

______________________________

$845,546.77

S T A T E B A N K IN G D E P A R T M E N T

156

No. 116.
THE

M A N IS T E E

C O U N T Y S A V IN G S B A N K , M A N IS T E E .

Organized December 31, 1890.
F r a n k C. B a r n e s , Chairman of the Board.
O. F. L u n d b o m , P re s id en t; F r a n k C. B a r n e s , Vice P resid en t; C. E. F oy , C a sh ier; P. W .
G r o t h , J. A. S m i t h e , A ssistant Cashiers.
D ir e c t o r s .— B. D . Noud, J. H. Rademaker, O. F. Lundbom, Frank C. Barnes, Max E. Neal.
E. C. Hardy, Ray C. Bradford.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $307.26
overdrafts) __________________________ $692,999.43
United States Government obligations,
direct and guaranteed________________ 2,426,172.74
Obligations of States and political sub­
divisions _____________________________
219,316.72
Other bonds, notes, and debentures____
333,437.81
Corporate stocks (Including $12,250.00
Stock of Federal Reserve Bank) _____
12,250.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
838,833.53
50,000.00
Bank premises owned __________________
Real estate owned other than bank
premises _____________________________
11,316.26

Demand deposits of individuals, partnerships, and corporations_______________ $716,599.18
Time deposits of individuals, partner­
ships, and corporations ________
3,195,136.45
Deposits of States and political sub­
206,626.85
divisions ____________________________
Deposits of banks ______________________
5,334.46
Other deposits (certified and officers’
checks, etc.) _________________________
3,032.64

Total ______________________________ $4,584,326.49

Total ______________________________ $4,584,326.49

Total deposits ______________________ 4,126,729.58
Capital accounts:
First preferred stock _________________
58,000.00
Second preferred stock _______________
50,000.00
Common stock _______________________
200,000.00
Surplus _______________________________ 105,000.00
44,534.41
Undivided p ro fits_____________________
Reserves _____________________________
62.50

No. 595.
T H E S T A T E S A V IN G S B A N K O P M A N IS T IQ U E , M A N IS T IQ U E .
Organized M ay 7, 1917.
W m . J. S h in a r , P re s id en t; G o t t f r id S. J o h n s o n , Vice P re s id en t; H. K . B u n d y , C ashier;
L eonard M a l e s , A ssistant Cashier.
D ir e c t o r s .— W m . J. Shinar, Gottfrid S. Johnson, August Carlson, Frank Hartman, G. H.
Burrell, Adolph Sandberg.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $343,222.96
United States Government obligations,
direct and guaranteed ______________
117,500.00
Obligations of States and political sub­
divisions _________________
74,441,04
Other bonds, notes, and debentures____
57,079.75
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________
137,841.08
Furniture and fixtures __ _______________
1,500.00
Real estate owned other than bank
premises ________________
1,156.73

Demand deposits of individuals, partner­
ships, and corporations _______
$184,246.90
Time deposits of individuals, partner­
ships, and corporations_______________
363,878.59
Deposits of United States Government
(including postal savings) ____________
19,011.31
Deposits of States and political sub­
divisions _____________________________
84,496.26
Other deposits (certified and officers’
checks, etc.) _________________________
2,923.72

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$732,741.56

Total deposits ____
Capital accounts:
First preferred stock ________________
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves ________________ ____________
Total

______________________________

654,556.78
35,000.00
25,000.00
10,000.00
1,184.78
7,000.00
$732,741.56

157

S T A T E B A N K S O F M IC H IG A N

No. 296.
T H E M ANTON STA TE B A N K , M ANTON.
Organized July 27, 1904.
G eorge H. B a y e s , President ; H o m e r V a n D e V a n t e r , V ice P resid en t; I. F ay H orto n , C ash ier;
C. H o w ar d H orto n , A ssistant Cashier.
D ir e c t o r s .— I. Fay Horton, Jno. A. Muche, George H . Bayes, C. Howard Horton, Lloyd Phelps,
Homer VanDeVanter, Clayton Harrison.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $.96 over­
drafts) _______________________________
United States Government obligations,
direct and guaranteed_______________
Obligations of States and political sub­
divisions _____________________________
Other bonds, notes, and debentures ____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
Bank premises owned __________________
Furniture and fixtures__________________

Total

$74,143.68
38,900.00
19,911.47
7,075.00
40,218.31
2,500.00
500.00

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of United States Government
(including postal savings) _________ —
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
Common stock _______________________
Undivided profits ____________________
Total

__________________________ $183,248.46

______________________________

$28,581.24
95,269.35
12,900.00
20,694.49
10.00
157,455.08
25,000.00
793.38
$183,248.46

No. 198.
G. W . J O N E S E X C H A N G E B A N K , M A R C E L L U S .
Organized June 26, 1897.
D o n n a V . S c h u r t z , P resid en t; H a r l e y A. C a u l , V ice P resid en t; C a r r o l l B. J o n e s , C ashier;
N e l l ie R e m in g t o n , C. I. L u t in , A ssistant Cashiers.
D ir e c t o r s .— Donna V. Schurtz, Harley A. Caul, Carroll B. Jones, Bessie E. Jones, Vera Jones
Smith.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $172.94
overdrafts) ____________________
$421,516.96
United States Government obligations,
direct and guaranteed -----------------------11,366.00
Other bonds, notes, and debentures------36,864.40
Corporate stocks (Including $2,400.00
Stock of Federal Reserve Bank) _____
2,400.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
564,331.80
Bank premises owned ______________
8,500.00
Real estate owned other than bank
premises _____________________________
40,253.11
Other assets____________________________
500.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $166,607.40
Time deposits of individuals, partner­
ships, and corporations ______________ 773,389.03
Deposits of States and political sub­
divisions ______________________________
50,116.04
Other deposits (certified and officers’
checks, etc.) _________________________
12,176.26

Total

______________________________ $1,085,732.27


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits _____________________ 1,002,288.73
Capital accounts:
Common stock _______________________
40,000.00
Surplus ______________________________
40,000.00
Undivided p ro fits _____________________
3,443.54
Total

______________________________ $1,085,732.27

158

S T A T E B A N K IN G D E P A R T M E N T
N o. 122.
T H E M A R IN E S A V IN G S B A N K , M A R IN E C IT Y .
Organized A u gu st 21, 1891.

H a l e P. S a p i i , P resid en t; P. W . B e c k e r , V ice P resid en t; Junius N. B a t e s , Cashier j H e r m a n
F a n s l o w , J r ., A ssistant Cashier.
D ir e c t o r s .— Hale P. Saph, T. E. DeGurse, F. W . Becker, Julius N. Bates, F. H. Holmes, M . F.
Zimmerman, H. Payne Saph, Louis R. Miller.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $249,873.63
United States Government obligations,
direct and guaranteed ______________
270,511.72
Obligations of States and political sub­
divisions ________________________
310,846.28
Other bonds, notes, and debentures ___
5,068.81
Cash, balances with other banks, Includ­
ing reserve balances, and cash Items in
181,682.26
process of collection__________________
Bank premises owned __________________
20,000.00

Demand deposits of individuals, partner­
ships, and corporations_____ ________ $120,751.12
Time deposits of individuals, partner­
ships, and corporations_______________
730,850.61
Deposits of United States Government
(including postal savings) ___________
6,800.00
Deposits of States and political sub­
divisions _____________________________
70,879.50
Other deposits (certified and officers’
checks, etc.) _________________________
12,028.80
Total deposits______________________
Other liabilities ________________________
Capital accounts:
First preferred stock _________________
Second preferred stock _______________
Common stock _________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________

Total

Total

______________________________ $1,037,982.70

941,310.03
2,395.00
50,000.00
8,000.00
25,000.00
1,000.00
7,558.12
2,719.55

_______________ ______________ $1,037,982.70

No. 346.
T H E M A R IO N S T A T E B A N K , M A R IO N .
Organized July 25, 1906.
R. A. L e w i s , President ; F. D. E l l io t t , D. E. D a v is o n , V ice P residents ; R. A. L e w i s , C ashier;
D.
B. E l l io t t , A ssistant Cashier.
D ir e c t o r s .— D. E. Davison, F. D. Elliott, A. C. Elliott, M. L. Lewis, R. A. Lewis.

Statem ent December 30, 1939.
ASSETS
Loans and discounts____________________
United States Government obligations,
direct and guaranteed ________________
Obligations of States and political sub­
divisions _ ___________________________
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_______________ _
Bank premises owned __________________
Furniture and fixtures _________________

T o t a l_______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
$82,106.98
108,750.00
4,800.00
29,991.00
51,835.56
5,200.00
400.00

$283,083.54

Demand deposits of individuals, partner­
ships, and corporations_______________
Time deposits of individuals, partner­
ships, and corporations __________
Deposits of United States Government
(including postal savings) _______
Deposits of States and political sub­
divisions ________
Other deposits (certified and officers’
checks, etc.) _________________________

$54,803.43
159,639.12
415.49
31,467.93
2,890.68

Total deposits ____________
Capital accounts:
Common stock _______________
Surplus _____________________
Undivided p ro fits _____________________
Reserves _____________________________

249,216.65

T o t a l_______________________________

$283,083.54

25,000.00
5,000.00
1,366.89
2,500.00

S T A T E B A N K S O F M IC H IG A N

159

No. 22.
T H E F A R M E R S B A N K O F M A SO N , M ASO N.
Organized June 7, 1886.
L. H. H a r r is o n , P resident and Chairman of the B o a rd ; J. E. T a y l o r , Vice P resid en t; L. I{.
W h i t e , Cashier ; F . W . H a r k n e s s , A ssistant Cashier.
D ir e c t o r s .— L. B. McArthur, A. ,T. Hall, J. E. Taylor, L. H . Harrison, Mac Vaughn, J. B.
Dean, Reno R. Root.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $32.17
overdrafts) ___________________________ $393,401.09
United States Government obligations,
direct and guaranteed ___
143,990.02
Obligations of States and political sub­
divisions --------------------------------------------135,067.50
Other bonds, notes, and debentures ____
47,396.25
Corporate stocks (Including $2,250.00
Stock of Federal Reserve B a n k )_____
2,250.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
337,280.92
Bank premises owned
_______________
6,000.00
Furniture and fixtures__________________
1,800.00
Real estate owned other than bank
4,701.26
premises _____________________________
Other a ss e ts __ _________________________
1,020.83

Demand deposits of individuals, partner­
ships, and corporations_______________ $272,111.73
Time deposits of individuals, partner­
ships, and corporations_______________
539,966.99
Deposits of United States Government
7,882.79
(including postal savings) ___________
Deposits of States and political sub­
divisions _____________________________
155,187.97
Other deposits (certified and officers’
4,706.79
checks, etc.) _________________________

T o t a l------------------------------------------------$1,072,907.87

T o t a l_______________________________ $1,072,907.87

Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ____ _________________________
Undivided profits ____________________

979,856.27
50,000.00
26,000.00
17,051.60

No. 708.
TH E PEOPLES

STATE B AN K

O F M A Y B E E , M IC H IG A N .

Organized Au gu st 25, 1923.
H e r m a n W . H a r p s t , P re s id en t; W il l i a m J. H e r b s t , W m . L . J e n n in g s , V ice P resid en ts;
N o r m a n J e n n in g s , C ash ier; R u s s e l l R e is e r , A ssistant Cashier.
D ir e c t o r s .— Herman W . Harpst, C. E . Hochradel, Bernard J. Liedel, W illiam J. Herbst, W m .
L. Jennings, Albert W . Elka, Daniel Hasley, Norman Jennings.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $5.94
overdrafts) _________________________ $207,083.37
United States Government obligations,
direct and guaranteed _______________
23,485.00
Obligations of States and political sub­
divisions _____________________________
22,782.30
Other bonds, notes, and debentures____
21,036.70
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection___________
35,978.50
Bank premises owned __________________
2,800.00
Furniture and fixtures__________________
1,300.00

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$314,465.87

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits_______ .______________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________
Reserves _____________________________
Total

______________________________

$73,819.05
181,965.38
22,987.41
6,698.02
285,469.86
227.62
25,000.00
500.00
3,018.39
250.00
$314,465.87

S T A T E B A N K IN G D E P A R T M E N T

160

N o. 569.
T H E M A Y V IL L E ST A T E B A N K , M A Y V IL L E .
Organized September 1, 1915.
M a u r ic e C. E v e l a n d ., P resid en t; H . L. E v e la n d , W . E. H u n t , V ice P resid en ts; E. J. K it c h e n ,

Cashier.
D ir e c t o r s .— Maurice C. Eveland, H. L. Eveland, W . E. Hunt, Edgar D. Cartwright, E. J.
Kitchen.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $327,698.25
United States Government obligations,
direct and guaranteed _______________
47,988.32
Obligations of States and political sub­
divisions _____________________________
6,725.00
Other bonds, notes, and debentures____
3,295.04
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
321,785.24
process of collection _________________
Bank premises owned __________________
5,700.00
Furniture and fixtures _________________
2,001.00
Real estate owned other than bank
premises _____________________________
8,000.00
Other assets ___________________________
3,972.57

Demand deposits of individuals, partnerships, and corporations ______________ $167,035.55
Time deposits of individuals, partner­
ships, and corporations ______________
461,035.81
Deposits of States and political sub­
divisions _____________________ - ______
27,351.52

Total

----------------------------------------------

655,422.88
Total deposits ______________________
Capital accounts:
First preferred stock _____________________ 29,850.00
Common stock _______________________
25,000.00
Surplus ______________________________
6,150.00
Undivided profits ____________________
8,392.54
Reserves _____________________________
2,350.00
Total

$727,165.42

______________________________

$727,165.42

N o. 168.
F IR S T

STATE B AN K

OF M ENDON, M ENDON.

Organized January 9, 1894.
Branch in Athens, M ichigan.
E. L . E s t e s , Vice P re s id en t; C h a s . H . R ogge , E xecu tive Vice
President and Cashier; F lo ren ce D a n l e y , A ssistant C ashier; M a r j o r ie E it n ie a r , Branch

F rank

W o l f , P resid en t;

Manager.
D ir e c t o r s .— Frank W olf, E. L. Estes, Chas. H . Rogge, J. M. Estes, H . E. Custard, Frank E.
Estes, C. N. Wood.

Statem ent December 30, 1939.
ASSETS
Loans and discounts (including $38.15
overdrafts) _______________________ !----United States Government obligations,
direct and guaranteed _______________
Obligations of States and political sub­
divisions ___________________________
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __ _________
Bank premises owned __________________
Furniture and fixtures _________________
Other assets____________________________
Total

___________________________ _


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
$83,192.94
237,728.89
35,496.61
28,325.00
124,805.10
8,232.00
2,058.00
137.26
$519,975.80

Demand deposits of individuals, partner­
ships, and corporations ______________ $123,271.81
Time deposits of individuals, partner­
ships, and corporations_______________
297,295.98
Deposits of States and political sub­
divisions _____________________________
30,786.98
Other deposits (certified and officers’
checks, etc.) _________________________
574.64
Total deposits______________________
Capital accounts:
Common stock _______________________
Surplus _________________________ - ___
Undivided profits ____________________
Total

______________________________

451,929.41
50,000.00
10,300.00
7,746.39
$519,975.80

161

S T A T E B A N K S O F M IC H IG A N
No. 324.
T H E C O M M E R C IA L B A N K O F M E N O M IN E E , M E N O M IN E E .
Organized M ay 27, 1905.
One Branch.

H ow ar d E . N ad ea u , P resident and Cashier; L ou is K r e u z , V ice P resid en tj G u y M. B e r g e n ,
A x e l C h r is t o p h e r s e n , A ssistant Cashiers.
D ir e c t o r s .— F. X .

St. Peter, Chas. G. Janson, Howard E. Nadeau, Louis Kreuz, Jos. N.
LaBillois.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $109.34
o v e rd ra fts)__ ____________________
$499,946.35
United States Governmentobligations,
direct and guaranteed ______ ____ —
53,131.25
Obligations of States and political sub­
divisions _ __________________________
131,750.07
Other bonds, notes, and debentures ___
89,705.13
Corporate stocks (Including $4,200.00
Stock of Federal ReserveBank) —
—
4,200.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection___________
703,566.37
Bank premises owned __________________
43,417.00
Furniture and fixtures___________
5,156.49
Real estate owned other than bank
premises _____________________________
7,985.97

Demand deposits of individuals, partner­
ships, and corporations —--------$397,907.02
Time deposits of individuals, partner­
ships, and corporations ___ --918,017.54
Deposits of States and political sub­
divisions ---------52,438.11
14,913.78
Deposits of banks __________________
Other deposits (certified and officers’
checks, etc.) _________________________
5,722.59

Total

Total deposits______________________ 1,388,999.04
Capital accounts:
15,000.00
Second preferred stock _______________
Common s to c k ________________________
100,000.00
Surplus ______________________________
25,000.00
Undivided profits --------------------------------9,859.59
Total

______________________________ $1,538,858.63

______________________________ $1,538,858.63

No. 647.
T H E F A R M E R S A N D M E R C H A N T S S T A T E B A N K O F M E R R IL L , M E R R IL L .
Organized M arch 1, 1920.
C ar l

W . L a n s h a w , P resid en t; H e n r y C. M ead , E xecu tive V ice President and C ashier;
D w ig h t C o l l is o n , V ice P resid en t; J o s e p h S. D o n o van , A ssistant Cashier.

D ir e c t o r s .- —Dwight Collison, Thos. D. Johnson, C. W . Lanshaw, Henry C. Mead, John M. R.
Schaefer.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ------------------------------ $154,277.64
United States Government obligations,
direct and guaranteed-----------45,571.14
Obligations of States and political sub­
divisions ----------- .-------------------------------16,302.72
Other bonds, notes, and debentures __
12,906.03
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection --------------------------74,613.30
Bank premises owned ---------------------------4,300.00
Furniture and fixtures --------------------------725.00
Other assets ___________________
646.58

Demand deposits of individuals, partner­
ships, and corporations ______________ $110,235.93
Time deposits of individuals, partner­
ships, and corporations
— -------156,050.45
Deposits of United States Government
(including postal savings)
---------- —
603.75
Deposits of States and political sub­
divisions --------------------------------11,766.92
Other deposits (certified and officers’
checks, etc.) _________________________
4,105.26

Total

__ ___________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$309,342.41

Total deposits _______________
Capital accounts:
Common s to c k ________________________
Undivided p ro fits _____________________
Total

______________________________

282,762.31
25,000.00
1,580.10
$309,342.41

162

S T A T E B A N K IN G D E P A R T M E N T
No. 423.
M E T A M O R A S T A T E S A Y IN G S B A N K , M E T A M O R A .
Organized January 2 7 , 1909.

A . P. S t o c k e r , P resid en t; J o h n P. R o b e r t so n , Vice P re s id en t; F red T. D on n er ., C ashier;
L y l e A l l e n , A ssistant Cashier.
D ir e c t o r s .— Henry Bartenfelder, John P. Robertson, George A. Rossman, A. P. Stocker, Ellery
A. Laidlaw, Lee C. Walker, Fred T. Donner.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $89.50
overdrafts) — ________________________ $182,162.29
United States Government obligations,
direct and guaranteed ______________
46,663.62
Obligations of States and political sub­
divisions _____________
13,578.07
Other bonds, notes, and debentures'____
23,915.41
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
67,940.85
process of collection __________________
Bank premises owned __________________
4,700.00
Furniture and fixtures _________________
400.00

T o t a l_______________________________

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________

$71,474.60
210,661.02
19,458.05
312.71

Total deposits______________________
Capital accounts:
Common stock _______ ,_______________
Surplus ___ 1______
Undivided profits _____________________

301,906.38

T o t a l_______________________________

$339,360.24

$339,360.24

25,000.00
6,000.00
6,453.86

N o. 274.
FARM ERS

STATE

BANK

O F M ID D L E V IL L E ,

M IC H IG A N .

Organized A p ril 21, 1903.
W m . K r o n e w it t e r , P re s id en t; W il l i a m G a c k l e r , C h a s . R o b e r t so n , V ice P resid en ts; E ar l
J. L ee , C ash ier; B u r de t B e n a w a y , A ssistant Cashier.
D ir e c t o r s .— W m . Kronewitter, Arthur H. Bell, W illiam Gackler, Arthur C. Thede, Charles
Robertson.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $173,734.70
United States Government obligations,
direct and guaranteed _______________
31,600.00
Obligations of States and political sub­
divisions ____
63,177.09
Other bonds, notes, and debentures____
50,226.17
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
59,597.84
Bank premises owned __________________
2,900.00
Furniture and fixtures ________________ _
1,500.00

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$382,735.80

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations _____________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits______________
Capital accounts:
First preferred stock _________________
Common s t o c k __ ____________________
Surplus ______________________________
Undivided p ro fits _____________________
Reserves______________________________
Total

______________________________

$57,844.31
236,503.61
24,616.05
1,498.92
320,462.89
20,000.00
33,200.00
3,000.00
5,193.78
879.13
$382,735.80

163

S T A T E B A N K S O F M IC H IG A N

No. 591.
T H E C H E M IC A L S T A T E S A Y IN G S B A N K , M ID L A N D .
Organized September 20, 1916.
C. H . M a c o m b e r , P resid en t; J a m e s T. P ar de e , Fice P resid en t; P a u l D. B y w a t e r , C ashier;
H . L . D u r b in , G uy R o g e r s , A ssistant Cashiers.
D ir e c t o r s .-— C. H . Macomber, E. W . Bennett, Tlios. Griswold, Jr., James T . Pardee, L. A.
Chichester, G. A. Currie, E. O. Barstow.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS

Demand deposits of individuals, partner­
Loans and discounts (including $768.37
ships, and corporations ______________ $1,693,475.64
overdrafts) - __________________________ $1,590,665.00
Time deposits of individuals, partner­
United States Government obligations,
ships, and corporations---------------------- 1,973,349.75
direct and guaranteed --------------------- 1,226,292.50
Deposits of States and political sub­
Obligations of States and political sub­
divisions ---443,905.80
divisions ______________________ v---------- 175,515.84
Other deposits (certified and officers’
Other bonds, notes, anddebentures---------------------------12,664.43
checks, etc.) _________________________
75,092.03
Corporate stocks
(Including $10950.00
10,950.00
Stock of Federal Reserve Bank) ---------4,185,823.22
Total deposits .
Cash, balances with other banks, includ­
Capital accounts:
ing reserve balances, and cash items in
300,000.00
Common stock _.
process of collection _________________ 1,537,840.52
75,000.00
Surplus -----------Bank premises owned __________________
15,600.00
18,715.07
Undivided
profits
Furniture and fixtures --------------------------10,000.00
Other assets -----------------------------------------10.00
Total

$4,579,538.29

Total

______________________________ $4,579,538.29

No. 469.
P E O P L E S S T A T E B A N K O F M IL A N , M IL A N *
Organized Novem ber 17, 1910.
J e s s e B u t t o n , Chairman o f the B o a rd ; G r a n t L. L a s k e y , P resid en t; J o h n D. L a w s o n , Vice
P resid en t; G er ald H . A l l e n , Cashier.
D ir e c t o r s .— Grant L. Laskey, Charles W . Steidle, Jesse Button, W illiam
D.
Lawson, S. P. Campbell, N. S. Auten.

R. Moore, John

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $74.83
overdrafts) _____________
$363,334.63
United States Government obligations,
direct and guaranteed------------------------92,751.24
Obligations of States and political sub­
divisions _____________________________
22,348.47
Other bonds, notes, anddebentures --------40,909.01
Corporate stocks
(Including $1900.00
Stock of Federal Reserve Bank) ---------1,900.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
173,711.89
Bank premises owned ---------------------------10,000.00
Furniture and fixtures --------------------------2,000.00
Other assets ___________________________
2,258.52

Demand deposits of individuals, partner­
ships, and corporations ---------------------- $201,107.91
Time deposits of individuals, partner­
ships, and corporations ---------------------387,164.11
Deposits of United States Government
(including postal savings) -----------5,000.00
Deposits of States and political sub­
divisions _____________________________
33,115.49
Other deposits (certified and officers’
checks, etc.) ----------------------------6,817.79

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$709,213.76

Total deposits______________________
Capital accounts:
Common stock _______________________
Surplus _____________________________
Undivided profits ------------------------------Reserves __________________________ -—
Total

______________________________

633,205.30
50,000.00
15,000.00
7,965.83
3,042.63
$709,213.76

1G4

ST A T E B A N K IN G D E P A R T M E N T
No. 795.
T H E O A K L A N D C O U N T Y S T A T E B A N K , M IL F O R D .
Organized July 20, 1935.

T h o m a s F. L it t l e , P resid en t ;

O ran C. T h o m a s , Vice P resid en t ;
G eo . L it t l e , A ssistant Cashier.

T h o s . F . L i t t l e , Cashier;

D ir e c t o r s .— T. F. L ittle , O ran C. T h om a s, Geo. L ittle , B. A . K itso n , T h om a s J. B eam es.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $265,157.09
United States Government obligations,
direct and guaranteed _______
148,679.21
Other bonds, notes, and debentures____
126^481.66
Corporate
stocks
(Including $1850.00
Stock of Federal Reserve B a n k )____
1,850.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ________________
168,657.02
Bank premises ow n e d ______ ___________
6^500.00
2,171.59
Furniture and fixtures _________________

Demand deposits of individuals, partner­
ships, and corporations ______________ $218,696.11
Time deposits of individuals, partner­
ships, and corporations ______________
330,333.56
Deposits of States and political sub­
divisions _____ *______________________
67,333.56
Other deposits (certified and officers’
checks, etc.) --------------------------------------16,562.68

Total

Total deposits ____
Other liabilities ________________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Surplus --------------------------------------------Undivided p ro fits_____________________
Reserves ---------------------------------------------

-------------- ------------------------------- $719,496.57

Total

----------------------------------------------

632,925.91
7,010.65
25,000.00
25,000.00
12,000.00
13,481.09
4’,078^2
$719,496.57

N o. 413.
TH E

STATE

S A V IN G S B A N K

O F M IN D E N

C IT Y , M IN D E N

C IT Y .

Organized December 1, 1908.
A lbert

Seam an ,

P re s id en t;

J o h n P . M c C o y , V ice P resid en t;
B e a t r ic e G e ig e r , A ssistant Cashier.

D ir e c t o r s .— Albert

Seaman,

John

P.

McCoy, J.

W.

Zinger,

V.

M.

J.

E n n est,

M.

Geiger,

J.

C ash ier;

W.

Smith.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $1.96
overdrafts) ------------------------------------------ $140,724.37
United States Government obligations,
direct and guaranteed _______________
29,450.00
Obligations of States and political sub­
divisions ---------------------------------------------24,350.00
Other bonds, notes, and debentures __
45,952.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
80,492.68
Bank premises owned __________________
1,000.00
Furniture and fixtures__________________
1,000.00
Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$322,969.55

Demand deposits of individuals, partner­
ships, and corporations _______
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions --------------------------------------------Deposits of banks ______________________
Total deposits ---------------------------------Capital accounts:
Common stock -----------------------------------Surplus — ------------------------Undivided p ro fits_____________________
Total

----------------------------------------------

$55,470.22
199,836.59
12,306.06
5,000.00
272,612.87
30,000.00
11,000.00
9,356.68
$322,969.55

165

S T A T E B A N K S O F M IC H IG A N
No. 363.
THE KEW EEN AW

S A V IN G S B A N K , M O H A W K .

Organized January 31, 1907.
W . T. K in g , P resid en t; R. L. B l ig h t , V ice P resid en t; A. C. M e s s n e r , C ash ier; C. F . M o rgan ,

A ssistant Cashier.
D ir e c t o r s .— W. T. King, J. H . Richards, O. Sibilsky, R. L. Blight, A. C. Messner.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts -----------------------------United States Government obligations.
direct and guaranteed _______________
Obligations of States and political sub­
divisions _______________________
Other bonds, notes, and debentures ------Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
Bank premises owned, Furniture and fix­
tures _________________________________

$50,207.48

__________ - __________________

$345,047.80

Total

114,143.75
400.00
22,280.00
157,516.57
500.00

Demand deposits of individuals, partner­
ships, and corporations --------------------Time deposits of individuals, partner­
ships, and corporations --------------------Deposits of United States Government
(including postal savings) -----------------Deposits of States and political sub­
divisions _____________________________

$72,159.46
148,758.24
199.67
91,638.20

Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus _______
Undivided profits ------ -------------------------

312,755.57

________ - ____________________

$345,047.80

Total

25,000.00
5,000.00
2,292.23

No. 633.
T H E M O L IN E

S T A T E B A N K , M O L IN E .

Organized M ay 8, 1919.
J acob H a v e m a n , P resid en t; A l b e r t N. G ie t z e n , Vice P re s id en t; J oe H a v e m a n , C ash ier;
J acob H a v e m a n , A ssistant Cashier.
D ir e c t o r s .__ D.

G.

Thaler,

Joe

Haveman, Albert N.
Halloran.

Gietzen,

Jacob

Haveman,

James

C.

Statem ent December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts (including $35.80
overdrafts) ___________________________ $119,454.30
United States Government obligations,
direct and guaranteed -----------------10,387.50
Obligations of States and political sub­
divisions _________________________
2,000.00
Other bonds, notes, and debentures __ 5,650.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ---------------------------40,717.24
Furniture and fixtures --------------------------450.00

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$178,659.04

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions ______
Other deposits (certified and officers’
checks, etc.) --------------------------------------Total deposits _____________________
Other liabilities ------------------------------------Capital accounts:
Common s t o c k -- --------------------------------Surplus ______________________________
Undivided p ro fits --------------------------------Reserves _____________________________
Total

______________________________

$36,685.05
88,881.51
15,179.22
78.74
140,824.52
A5
25,000.00
12,000.00
364.37
470.00
$178,659.04

166

S T A T E B A N K IN G D E P A R T M E N T
No. 318.
DANSARD

STA TE B AN K , MONROE.

Organized A u gu st 21, 1905.
B o y e z D a n sa r d , P resid en t; I. A. N e w c o m e r , O. L. M ea d , C h a s . L. W ood , Vice P resid en ts;
V. B. M orto n , C ash ier; R oy J. L ie d e l , J o s . P. F o r b e s , A ssistant Cashiers.
D ir e c t o r s .— Boyez Dansard, I. A. Newcomer, O. L. Mead, W m . E. Sturm, John Weisel, Chas.
L. Wood, O. Vorbeck, W m . D. LaPointe, Harold F. Nadeau.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $44.86
overdrafts) ------------------------------------------ $698,800.15
United States Government obligations,
direct and guaranteed________________
147,046.63
Obligations of States and political sub­
divisions ------------------------------- -------_------16,374.33
91,371.41
Other bonds, notes, and debentures ____
Corporate stocks (Including $6,400.00
Stock of Federal Reserve Bank)_ _ ____
6,400.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
678,295.60
process of collection _________________
Bank premises owned __________________
64^700^00
Furniture and fixtures___ ______________
3^000 00

Demand deposits of individuals, partner­
ships, and corporations _ _ ____________ $432,845.31
Time deposits of individuals, partner­
765,478.31
ships, and corporations ______________
Deposits of States and political sub­
divisions --------------------------------------------- 237,335.31
Deposits of banks ______________________
24,209.51
Other deposits (certified and officers’
checks, etc.) _________________________
7,141.00

Total

1,467,009.44
Total deposits _____________
Other liabilities _______________________
875.00
Capital accounts:
First preferred stock _________________
50,000.00
Common stock -----------------------------------163,200.00
13,673.77
Undivided profits ___________________
Reserves --------------------------------------------11,229.91

$1,705,988.12

Total

---------------------------------------------- $1,705,988.12

N o. 321.
T H E M O N R O E S T A T E S A Y IN G S B A N K , M O N R O E .
Organized July 5, 1905.
J.

D. C o o k , President and Chairman o f the B o a rd ; W . H. R i e c k s , V ice P resid en t; R. C.
M e ie r , C ash ier; A. C. M a r t e n , F red J. F is h e r , A ssistant Cashiers; V in c e n t A. C u tm o r e

Trust Officer.
D ir e c t o r s .

H . A. Consor, Ed. F. Cousino, J. R. Denniston, Don B. Leathers, H. C. McPike,
W . H . Riecks, J. D. Cook, Paul Geigenmueller.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $2.43
overdrafts) -----------------------$845,897.97
United States Government obligations,
direct and guaranteed __________
399,618.40
Obligations of States and political sub­
divisions --------------------------------------------916,918.95
Other bonds, notes, and debentures____
337,983.77
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
835,403.50
Bank premises owned __________________
50^000.00
Furniture and fixtures _________________
2^691.79
Other assets ___________________________
831.65

Demand deposits of individuals, partner­
ships, and corporations _______
$1,214,029.98
Time deposits of individuals, partner­
ships, and corporations_______________ 1,417,066.43
Deposits of States and political sub­
divisions --------------------------------------------- 427,759.18
Deposits of b a n k s _____________________
3,000.00
Other deposits (certified and officers’
checks, etc.) — ---------------------------------- 18,053.80

T o t a l------------------------------------------------$3,389,346.03


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ---------------------------------- 3,079,909.39
Other liabilities ________________________
30,778.17
Capital accounts:
First preferred stock __________ ;______
50,000.00
Common stock ________
200,000.00
Surplus ----------------------------------------------25,000.00
Reserves --------------------------------------------3,658.47
T o t a l------------------------------------------------ $3,389,346.03

167

S T A T E B A N K S O F M IC H IG A N
No. 491.
T H E F A R M E R S S T A T E B A N K O F M O N T A G U E , M IC H IG A N .
Organized October 20, 1911.

R. H . F o h l b r o o k , P resid en t; A x e l C. J o h n s o n , Vice P re s id en t; A d o l p h A n d e r so n , C ashier;
W . P . W e n t w o r t h , A ssistant Cashier.
D ir e c t o r s .— R. H . Pohlbrook, Axel C. Johnson, H . F. Newman, Adolph Anderson, Francis
Dahl.

Statem ent December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts (Including $42.09
overdrafts) _______
$106,302.18
United States Government obligations,
direct and guaranteed __ —
31,100.00
Obligations of States and political sub­
divisions _________________
86,337.04
Other bonds, notes, anddebentures
41,853.75
Corporate
stocks
(Including
$900.00
Stock of Federal Reserve Bank) __
900.00
Cash, balances with other banks, Includ­
ing reserve balances, and cash items in
process of collection ______
—
48,113.57
3,500.00
Bank premises ow n e d __________________
Furniture and fixtures__________________
1,000.00
5,903.34
Other assets __________________________
Total

_________________ - ___________

Demand deposits of individuals, partner­
ships, and corporations ---------------------Time deposits of individuals, partner­
ships, and corporations ----------------- —
Deposits of States and political sub­
divisions _ ---------------Other deposits (certified and officers’
checks, etc.) --------------------------------------Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ------------------------------Total

$325,009.88

______________________________

$99,179.94
168,654.75
22,353.75
1,874.85
292,063.29
25,000.00
7,500.00
446.59
$325,009.88

N o. 515.
T H E M ONTROSE STA TE BA N K , M ONTROSE.
Organized June 28, 1912.
A. B. W ood , P resid en t; M oody S. R u s s e l l , First V ice P resid en t; G eo . D. M a c k e n z i e , Second
Vice P resid en t; E. W . S w a i n , C a sh ier; M. J. S c h il l i n g e r , A ssistant Cashier.
D ir e c t o r s .— A. B. Wood, Moody S. Russell, Geo. D. MacKenzie, George L. Bower, Leon R.
Wickham, A. H. Stevens, C. R. Hovey, E. J. Furstenberg, E. W . Swain.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $19.01
overdrafts) ___________________________ $211,797.57
United States Government obligations,
direct and guaranteed ------- ----- —
19,888.00
Obligations of States and political sub­
divisions _________________
30,128.03
Other bonds, notes, anddebentures 41,175.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
35,974.57
Bank premises owned
— -------3,500.00
Furniture and fixtures — _
1,200.00
Other assets ___________________________
1*00

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$343,664.17

Demand deposits of individuals, partner­
ships, and corporations____ — -----------Time deposits of individuals, partner­
ships, and corporations___________ —
Deposits of United States Government
(including postal savings) ------------------D: posits of States and political sub­
divisions _____________________________
Total deposits ---------Capital accounts:
First preferred stock _________________
Common stock -----------------------------------Undivided profits ------------------------------Reserves _____________________________
Total

______________________________

$49,934.87
211,598.86
332.88
28,700.52
290,567.13
20,000.00
20,000.00
9,994.51
3,102.53
$343,664.17

168

S T A T E B A N K IN G D E P A R T M E N T
No. 746.

THE

F IR S T

STATE

S A V IN G S

BANK

O F M O R E N C I, M O R E N C I, M IC H IG A N .

Organized July 22, 1927.
A . C. M o in e , Presiden t ; A . A. T h o m p s o n , Vice President ; A. A. W e b s t e r , Cashier ; B e r n ic e
S id e r Sj A ssistant Cashier.
D ir e c t o r s .

A. C. Moine, C. R. Kellogg, A . A. Thompson, W . M. Cornelius, Jr., C. S. Smith,
C. H. Awkerman, Clyde J. Avis.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $66.40
overdrafts) ------------------------- :__________ $415,075.40
United States Government obligations,
direct and guaranteed _______________
246,474.90
Obligations of States and political sub­
divisions --------------------------------------------92,008.38
Other bonds, notes, and debentures ____
36,606.53
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
250,289.15
Bank premises owned __________________
10,542.00
Furniture and fixtures _________________
L522.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $436,882.22
Time deposits of individuals, partner­
ships, and corporations
________ __ 447,681.16
Deposits of States and political sub­
divisions --------------------------------------------69,822.53
Other deposits (certified and officers’
checks, etc.) _____________________
25.00

Total

Total deposits __ ___________________
Other lia b ilitie s ______________________
Capital accounts:
Common stock _______________________
Surplus -----------Undivided profits ____________________

---------------------------------------------- $1,052,518.36

Total

954,410.91
2,186.32
50,000.00
16i000!00
29,921.13

---------------------------------------------- $1,052,518.36

No. 551.
TH E M ORLEY STATE BAN K, M ORLEY.
Organized June 20, 1914.
J o h n E. B e r g e l in , President j W m . F. T u r n e r , Vice P resid en t; K e n n e t h W . T u r n e r , Cashier ;
A nne T o s h a l i s , A ssistan t Cashier.
D ir e c t o r s .— John E. Bergelin, Earl Berean, Meta Latimer, Claude H . Keith, Alfred Olsen,
Lewis S. Turner, W m . F. Turner.

Statem ent December 30, 1939.
ASSETS
Loans and d iscounts____ ______________
United States Government obligations,
direct and guaranteed __ _____________
Obligations of States and political sub­
divisions --------------------------------------------Other bonds, notes, anddebentures_____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_____ _____________
Bank premises owned __________________
Furniture and fixtures _________________

T o t a l------------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
$76,839.71
12,500.00
6,943.50
16,827.25
25,812.05
4,500.00
*900^00

$144,322.51

Demand deposits of individuals, partner­
ships, and corporations______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of United States Government
(including postal savings) _ _________
Deposits of States and political sub­
divisions --------------------------------------------Other deposits (certified and officers’
checks, etc.) --------------------------------------

$21,565.68
58,137.62
210.39
27,418.33
1,723.79

Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ------------------------------------- --------Undivided p ro fits _____________________
Reserves --------------------------------------------

109,055.81

T o t a l------------------------------------------------

$144,322.51

25,000.00
7,000.00
2,188.20
1,078.50

169

S T A T E B A N K S O F M IC H IG A N
No. 763.
T H E M O R R IC E S T A T E B A N K , M O R R IC E .
Organized September 12, 1929.
IiUCEiNB S c r ib n e r , P resid en t ;

E d w ard D i p p y , Vice P resid en tj H ar r y E . D a v i s , Cashier;

W . L. R a d k e , Auditor.
D ir e c t o r s .— W . L. Radtke, Edward Dippy, Luceine Scribner, Harry E. Davis, W . E. Davis.

Statem ent December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts (including $22.94
overdrafts) ________ ,_________________ $106,881.34
United States Government obligations,
22,025.00
direct and guaranteed________________
Other bonds, notes, and debentures____
7,693.75
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
26,425.70
Bank premises owned __________________
1,425.00
Furniture and fixtures _________________
1,365.61
Real estate owned other than bank
2,000.00
premises _____________________________
Other assets ___________________________
1,105.66

Total

______________________________

$168,922.06

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions ___
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits _______________________
Other liabilities ________________________
Capital accounts:
First preferred s to c k _________________
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Total

_____________ _________________

$36,969.11
80,415.43
18,768.49
954.41
137,107.44
650.00
15,000.00
10,000.00
5,000.00
1,164.62
$168,922.06

M ACOM B COUNTY TR U ST COM PANY, M T. CLEM ENS.
Organized M ay 13, 1929.
M ac y E . W a t k i n s , P resid en t ; H e n r y O. C h a p o t o n , H a r ry D ie h l , Vice Presidents j C l ar en c e
F. B a r c k , Secretary and T reasurer; M a c y E . W a t k i n s , Trust Officer.
D ir e c t o r s .— Henry O. Chapoton, Harry J. Diehl, Macy E. W atkins, Louis W . Pingel, Fred J.
Cromie, Henry J. Bohn, W illiam T. Kelly, H arry S. Donaldson, Ralph Donaldson, David
Rouleau, Roland Nank, Howard Fenton, Kenneth W . Hill.

Statem ent December 30, 1939.
ASSETS
Loans __________________________________
United States Government obligations,
direct and fully guaranteed__________
Other bonds, stocks, and securities_____
Cash, and balances with designated de­
positaries, fiduciary fu n d s ____________
Cash, and balances with other deposi­
taries, company fu n d s ________________
Furniture and fixtures _________________
Real estate owned other than banking
house ________________________________
Other assets ___________________________
Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES
$46,340.97
68,002.62
32,124.85
14,810.72

Fiduciary funds ________________________
Other liabilities ________________________
Capital account:
Common s to c k _____________
Surplus ----------------------------------------------Undivided p ro fits _____ ______________

$14,810.72
5,500.00

Total, including capital a cco u n t___

$180,491.54

150,000.00
5,000.00
5,180.82

13,015.05
1,500.00
4,136.05
561.28
$180,491.54

170

S T A T E B A N K IN G D E P A R T M E N T
No. 51.
THE

MOUNT

CLEM ENS

S A V IN G S

B A N K , M T. CLEM ENS.

Organized M ay 30, 1877.
H e n r y O. C h a p o t o n , President ; W il l i a m E . K o e h l e r , Vice P resid en t ; G eorge A . H o dson ,
Cashier; J acob H. U l l r i c h , A ssistant Cashier; L eo J. K il l e w a l d , Auditor.
D ir e c t o r s .— Henry O. Chapoton, Joseph Cody, Harry S. Donaldson, W illiam E . Koehler,
Fred W . Krauseneck, Henry W . Miller, Ralph H. Donaldson, Lawrence F. Schott, George
A. Hodson.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $7.61
overdrafts) ____________
$860,805.08
United States Government obligations,
206,202.54
direct and guaranteed _______________
Obligations of States and political sub­
divisions --------------------------------------------- 595,713.77
Other bonds, notes, and debentures____
221,415.76
Corporate stocks (Including $8,250.00
8,250.00
Stock of Federal Reserve B a n k )______
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection___________________ 1,158,814.37
Bank premises owned __________________
157,500.00
14,’66o!l9
Furniture and fixtures _________________

Demand deposits of individuals, partner­
ships, and corporations _____________ $526,261.74
Time deposits of individuals, partner­
ships, and corporations ______________ 1,819,303.22
Deposits of United StatesGovernment
(including postal savings) ____________
70,639.59
Deposits of__ States andpolitical
sub­
divisions
:
460,558.27
Other deposits (certified and officers’
checks, etc.) __________________________
61,824.08

Total

Total deposits _____________________ 2,938,586.90
Other liabilities ________________________
5,009.03
Capital accounts:
Common stock _______________________
250,000.00
Surplus ----------------------------------------------25,000.00
Undivided profits ____________________
4,765.78

---------------------------------------------- $3,223,361.71

Total

---------------------------------------- ----- $3,223,361.71

No. 170.
EXCHANGE

S A V IN G S B A N K , M T . P L E A S A N T .
Organized M arch 5, 1894.

E. O. H a r r is , P resid en t; C. S. L a r ze l e r e , A. J. T il m a n n , Vice P resid en ts; C. W . R ic h e s ,
Vice P resident and Cashier ; E. S. B r a s in g t o n , A ssistan t Cashier.
D ir e c t o r s .— E. O. Harris, Jas. E. Johnson, C. S. Larzelere, C. W . Riches, K . P. Brooks,
J.
F. McNutt, John Engler, J. P. Kenney, A. J. Tilmann, E. E. Freeman.

Statem ent D ecem ber 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $1.34
overdrafts) ---------------------------------------- $447,814.19
United States Government obligations,
direct and guaranteed _______________
96,017.86
Obligations of States and political sub­
divisions -------------------------------------------9,000.00
Other bonds, notes, and debentures____
27,495.85
Corporate stocks (Including $1,500.00
Stock of Federal Reserve Bank) _____
1,500.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
617,893.21
Bank premises owned __________________
15,750.00
Furniture and fixtures _________________
5^984.00
Other assets ___________________________
’ ijg

Demand deposits of individuals, partner­
ships, and corporations ______________ $423,519.64
Time deposits of individuals, partner­
ships, and corporations ______________
610,657.35
Deposits of States and political sub­
divisions --------------------------------------------103,768.90
Other deposits (certified and officers’
checks, etc.) ________________________
269.85

T o t a l------------------------------------------------ $1,221,456.26


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits__ _____________________1,138,215.74
Other liabilities ________________________
177.47
Capital accounts:
Common stock ______________________
50,000.00
Undivided profits ____________________
33,063.05
T o t a l------------------------------------------------ $1,221,456.26

171

S T A T E B A N K S O F M IC H IG A N
No. 277.
IS A B E L L A C O U N TY ST A T E B A N K , M T. P LE A SA N T .
Organized June 17, 1903.

E van S. W e id m a n , P resid en t; P ete r F. B r e id e n s t e in , Vice P resid en t; J o h n W . B en for d ,
C ash ier; J. E l m e r G r a h a m , K a t h e r in e A. F r a s e r , C. E. B r e id e n s t e in , A ssistant

Cashiers.
D ir e c t o r s .— Mildred A . Weidman, Peter F. Breidenstein, John W . Benford, Evan S. W eid­
man, Charles L. Maguire.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $111.48
overdrafts) _________________________ $849,404.60
United States Government obligations,
direct and guaranteed----------------------- 689,792.20
Obligations of States and political sub­
divisions _____________________________
79,317.18
Other bonds, notes, and debentures —
118,906.00
Corporate
stocks
(Including
$5400.00
Stock of Federal Reserve Bank) -------5,400.00
Cash, balances with other banks, Includ­
ing reserve balances, and cash items in
process of collection____ ______________
836,458.36
Bank premises owned __________________
35,000.00
Furniture and fixtures _________________
6,000.00
Real estate owned other than bank
20,821.69
premises _____________________________
Other assets ___________________________
448.51

Demand deposits of individuals, partner­
ships, and corporations ---------------------- $819,341.77
Time deposits of individuals, partner­
ships, and corporations ______________ 1,474,056.83
Deposits of States and political sub­
divisions _____________________________
91,944.47
Deposits of banks ______________________
57,036.07
Other deposits (certified and officers’
checks, etc.) _________________________
15,822.45

Total

Total deposits ______________________ 2,458,201.59
Capital accounts:
60,000.00
First preferred s to c k _________________
Common stock _______________________
60,000.00
Surplus ____ ,_________________________
60,000.00
Undivided profits ------------------------------3,346.95
Total

______________________________ $2,641,548.54

______________________________ $2,641,548.54

No. 453.
PEOPLES

S T A T E B A N K O F M U N IS IN G , M U N IS IN G .
Organized M ay 7, 1910.

N. J. N i k s , P re s id en t; R ic h a r d W . N eb el , V ice P resid en t; V ernon A. F l o r ia , C ash ier;
S. J. L a C o m b e , A ssistant Cashier.
D ir e c t o r s .— N. J. Niks, Benjamin Hankin, Richard W . Nebel, Vernon A. Floria, John H . Blizel.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts ___________________ $144,472.64
United States Government obligations,
direct and guaranteed-----------29,500.00
Obligations of States and political sub­
divisions _____________________________
2,431.38
23,193.74
Other bonds, notes, and debentures ----Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
71,501.30
Bank premises owned _________________
10,000.00
Furniture and fixtures --------------------------2,000.00
Other assets _______________
933.90

T o t a l _- ____ ________ »____________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$284,032.96

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ---------------Deposits of United States Government
(including postal savings) ------------------Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) --------------------------------------Total deposits ___ ;--------------------------Capital accounts:
Common stock _______________________
Surplus --------------Undivided profits ------------------------------Total

______________________________

$88,337.55
122,159.04
5,000.00
21,423.35
1,645.16
238,565.10
25,000.00
20,000.00
467.86
$284,032.96

172

S T A T E B A N K IN G D E P A R T M E N T
N o. 694.
T H E F A R M E R S S T A T E B A N K O F M U N IT H , M IC H IG A N .
Organized June 14, 1922.

W.

E.

F l e m in g ,

D ir e c t o r s .— W .

P resid en t;

C harles

P ic k e t t ,

Vice P resid en t; F red W .

F ord ,

E. Fleming, Charles Pickett, P. J. Fleming, John G. Harr,
Herbert C. Ready, Vern R. Weeks.

Cashier.

R. H.

Reno,

Statement D ecem ber 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts ___________________
$99,934.94
United States Government obligations,
direct and guaranteed________________
22,750.00
Obligations of States and political sub­
divisions ________________________________ 15,429.28
1,000.00
Other bonds, notes, and debentures___
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
35,649.29
Bank premises ow n ed ___________________
1,800.00
450.00
Furniture and fixtures ____

Total

Demand deposits of individuals, partnerships, and corporations ______________ $53,533.38
Time deposits of individuals, partner­
ships, and corporations ____________
67,940.97
Deposits of States and political sub­
divisions _____________________________
18,633.74
Other deposits (certified and officers’
checks, etc.) ____________________________
1,502.00
Total deposits ______________________
Other liabilities _______________________
Capital accounts:
Common stock ___ 1__________________ _
Surplus -----------------------------------------------Undivided profits ____________________
Reserves _____________________________

----------------------------------------------- $177,013.51

Total

______________________________

141,610.09
1,229.71
25,000.00
6,500.00
1,966.11
707.60
$177,013.51

No. 605.
T H E M U S K E G O N S A V IN G S B A N K O F M U S K E G O N , M IC H IG A N .
Organized December 14, 1887.

Reorganized December 14, 1917.

P a u l S. M oon , P resid en t; F . M. B r e u n in g e r , R oy E. A l b e r t s , V ice P resid en ts; B a r t D.
B u c k , C a sh ier; J acob M u s c h , A ssistant Cashier.
D ir e c t o r s .— Paul S. Moon, C. N. Sessions, F. M. Breuninger, Roy E. Alberts, Bart D. Buck,
Charles W . Dearborn.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $9.51
overdrafts) __________________________ $981,924.94
United States Government obligations,
direct and guaranteed________________
805,859.38
Obligations of States and political sub­
divisions _____________________________
234,076.43
Other bonds, notes, and debentures____
127,740.19
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
397,803.69
Bank premises owned __________________
63,000.00
Furniture and fixtures _________________
5,500.00
Real estate owned other than bank
premises _____________________________
100.00

Demand deposits of individuals, partnerships, and corporations ______________ $414,121.65
Time deposits of individuals, partner­
ships, and corporations ______________ 1,882,660.12
Deposits of States and political sub­
divisions ____ ;________________________
9,627.43
Deposits of banks ______________________
10,000.00
Other deposits (certified and officers’
checks, etc.) _________________________
22,885.57

Total

__ !___________________________ $2,616,004.63


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits___ _________
2,339,294.77
Other liabilities ________________ _______
7,475.00
Capital accounts:
First preferred stock _________________
90,000.00
Second preferred stock _______________
25,000.00
Common stock _______________________
100,000.00
Surplus ________ ,_____________________
25,000.00
Undivided profits _____________________
9,234.86
Reserves _____________________________
20,000.00
Total

___________ __________________ $2,616,004.63

173

S T A T E B A N K S O F M IC H IG A N
M U SK EGO N T R U ST COM PANY, M USKEGON.
Organized A u gu st 14,

1920.

H arold M c B. T h u r s t o n , P resid en t; O t t o L . G o d f r e y , V ice Pres, and Title Officer; P a u l R.
H u g h e s , V ice P resident and Trust O fficer; C l a r e n c e E. A l b e r t s , T reasurer; J o h n H.
V a n A n d el , A ssistant T rea su rer; J. M a r v in H e r m a n , S ecreta ry; F . H . D u ggan , A ssistant

Secretary.
D ir e c t o r s .— Clarence E. Alberts, Raymond R. Beardsley, Harry E. Brown, G. C. Chaddock,
George E. Covell, J. G. Emery, Jr., Otto L. Godfrey, Paul R. Hughes, E. A. Larsen, Adam
Pyle, Jr., Harold McB. Thurston.

Statement December 30, 1939.
ASSETS

LIABILITIES

Loans __________________________________ $114,632.80
Advances to tru s ts _____________________
7,583.00
United States Government obligations,
direct and fully guaranteed _________
7,500.00
Other bonds, stocks, and securities____
28,654.52
Cash, and balances with designated de­
210,181.30
positaries, fiduciary funds ____________
Cash, and balances with other deposi­
taries, company funds -----------------------7,621.43
Banking house _________________________
38,000.00
6,500.00
Furniture and fixtures _________________
Real estate owned other than banking
house ________________________________
6,300.00
Other assets ___________________________
38,091.72

Fiduciary funds _______________________ $210,181.30
Bills payable _________
26,700.00
11,497.24
Other liabilities _______________________
Capital account:
First preferred stock ________________
11,000.00
Common stock ______________
150,000.00
Surplus ------------25,000.00
Undivided p ro fits --------------------------------22,709.15
Reserve for contingencies_____________
7,977.08

Total

______________________________

Total, including capital a ccou n t------- $465,064.77

$465,064.77

No. 368.
T H E F I R S T S T A T E B A N K O F N E W A Y G O , M IC H IG A N .
Organized M arch 17, 1907.
J.

B. J o h n , Chairman o f the Board.

M. F . H a t c h , P resid en t; W . A. A n sor ge , H. R. M oore , V ice P resid en ts;

D. L . K e l l e y ,

Cashier.
D ir e c t o r s .— M. F. Hatch, R. E. Kincaid, W . A. Ansorge, J. B. John, D. L. Kelly, H . R. Moore,
P. B. Hemily.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $8.14
overdrafts) __________________________ $231,548.89
United States Government obligations,
direct and guaranteed _______________
103,520.73
Obligations of States and political sub­
divisions _____________________________
53,675.02
Other bonds, notes, and debentures------35,135.77
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
98,068.53
Bank premises owned __________________
9,267.54
Furniture and fixtures ________________
4,813.94
Other assets ____________________________
2.67

Demand deposits of individuals, partner­
ships, and corporations------------------------ $115,154.01
Time deposits of individuals, partner­
331,970.48
ships, and corporations ______________
Deposits of States and political sub­
divisions _____________________ - _______
45,615.45

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$536,033.09

Total deposits _____________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Undivided p ro fits--------------------------------Total

492,739.94
20,000.00
20,000.00
3,293.15
$536,033.09

174

S T A T E B A N K IN G D E P A R T M E N T
N o. 690.
C I T IZ E N S

STATE

S A V IN G S B A N K , N E W

B A L T IM O R E .

Organized M arch 30, 1922.
J o seph

T. S t; e s s . P resid en t; W i l l i a m E . B o w e r s , H ugo A . M a t t h e w s , V ice P resid en ts;
L . W . P in g e l , C ash ier; M ig n o n M. R osei, A ssistant Cashier.

D ir e c t o r s .— Joseph T. Suess, Hugo A. Matthews, W illiam E. Bowers, Joseph S. Habarth,
Kenneth W . Hill, Henry Schwanbeck, Martin Ruemenapp.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $7.05
overdrafts) __________________________ $168,769.84
United States Government obligations,
direct and guaranteed________________
88,272.24
Obligations of States and political sub­
divisions _____________________________
14,845.18
Other bonds, notes, anddebentures_____
50,645.29
Corporate
stocks
(Including
$900.00
Stock of Federal Reserve Bank) ______
900.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
124,425.62
Bank premises owned __________________
8,000.00
Furniture and fixtures _________________
2,500.00
Total

________________ _____________

Demand deposits of individuals, partner­
ships, and corporations_______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) ____________ :____________
Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits_____________________

$458,358.17

Total

______________________________

$53,059.41
290,223.49
75,757.61
3,997.62
423,038.13
25,000.00
5,000.00
5,320.04
$458,358.17

No. 399.
THE NEW BERRY

STATE B AN K , N EW B ER R Y.

Organized M ay 14, 1908.
F rank

P. B o h n , P resid en t; W . G. F r e t z , Vice P re s id en t; A. N e l s o n ,
F o r b e s , E . E . J a r a n s o n , A ssistant Cashiers.

D ir e c t o r s .— Frank P. Bohn,

W . G. Fretz, A. L. Sayles, M att
John F . Wood, M. B. Fretz.

Surrell,

C a sh ier; H e le n
C. D. Zagelmeier,

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $172,961.14
United States Government obligations,
direct and guaranteed
______________ 186,036.56
Obligations of States and political sub­
divisions _____________________________
1,000.00
61,350.50
Other bonds, notes, anddebentures_____
Corporate stocks (Including $1,950.00
Stock of Federal Reserve B a n k )_______
1,950.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
227,463.76
Bank premises owned __________________
13,000.00
Furniture and fixtures _________________
1,400.00
Other assets ___________________________
10.91

Demand deposits of individuals, partner­
ships, and corporations ______________ $232,768.06
Time deposits of individuals, partner­
ships, and corporations ______________ 223,228.74
Deposits of United StatesGovernment
(including postal savings) ____________
2,645.98
Deposits of__ States and_political___ sub­
divisions
_
r
117,934.73
Other deposits (certified and officers’
checks, etc.) _________________________
4,757.90

Total

---------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$665,172.87

Total deposits ______________________
Capital accounts:
First preferred s t o c k _______________
Second preferred stock _______________
Common stock ______________________
Surplus _____________________ _________
Undivided p ro fits ___ ;________________
Reserves _____________________________
Total

---------------------------------------------

581,335.41
28,500.00
15,000.00
20,000.00
1,500.00
16,100.40
2,737.06
$665,172.87

175

S T A T E B A N K S O F M IC H IG A N
No. 585.
T H E PEO PLES ST A T E B A N K , N E W BO STO N.
Organized June 21, 1916.
J o h n C. W

il s o n ,

P resid en t; C. H . R e is e r , Vice P resid en t; F r a n k H . C l a r k , C ash ier; W m ,
W . A m e r m a n , E t h e l A m e r m a n , A ssistant Cashiers.

D ir e c t o r s .— Frank H. Clark, John C. W ilson, Nick Eldred, C. H . Reiser, W m . W . Amerman.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ____ •______________
United States Government obligations,
direct and guaranteed _______________
Obligations of States and political sub­
divisions ____________
Other bonds, notes, and debentures------Corporate stocks (Including $1,050.00
Stock of Federal Reserve Bank)______
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
Bank premises owned __________________
Real estate owned other than bank
premises ________________
Total

_____________________ ________

$82,776.82
69,215.00
58,459.00
32,088.00
1,050.00
97,451.19
5,000.00

Demand deposits of individuals, partner­
ships, and corporations_______________
$53,559.31
Time deposits of individuals, partner­
217,331.78
ships, and corporations_______________
Deposits of States and political sub­
divisions _______________________________
42,102.95
Total deposits ______________________
Other liab ilities__ ____
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits _____________________

312,994.04
750.00
25,000.00
9,000.00
350.00

2,054.03
Total

$348,094.04

______________________________

$348,094.04

N o. 245.
N E W H A V E N S A V IN G S B A N K , N E W H A V E N .
Organized A u gu st 28, 1901.
D r . J o h n V an D y k e , P resident and Chairman o f the B oa rd ; O t t o F ord , V ice P resid en t;
J o h n L. T e s c h , Cashier, J e a n e t t e T e s c h l e r , M a r io n B ade , A ss’ i Cashiers.
D ir e c t o r s .— Dr. John Van Dyke, W alter W illert, Otto Ford, Fred Kesner, Joseph Strauch,
George Frink, Frank Lemmon.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ------------------------------ $125,920.18
United States Government obligations,
direct and guaranteed------------------------50,954.75
Obligations of States and political sub­
divisions --------------------------------------------11,667.17
Other bonds, notes, anddebentures --------45,391.69
Corporate
stocks
(Including
$750.00
Stock of Federal Reserve Bank) ---------750.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
60,085.57
Furniture and fixtures --------------------------300.00

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$295,069.36

Demand deposits of individuals, partner­
ships, and corporations-------------------Time deposits of individuals, partner­
ships, and corporations --------------------Deposits of States and political sub­
divisions -----------------Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ------------Undivided profits —---------------------------Total

______________________________

$41,508.90
193,346.80
26,025.65
1,216.39
262,097.74
25,000.00
5,000.00
2,971.62
$295,069.36

176

S T A T E B A N K IN G D E P A R T M E N T
N o. 737.
T H E S T A T E B A N K O F N E W L O T H R O P , N E W L O T H R O P , M IC H IG A N .
Organized A p ril 27, 1927.

W.

F.

Gallagh er,

P resid en tj A r t h u r J. H a n c h e t t , Vice P resid en t;
C ash ier; B e r n ic e L. M oore , A ssistant Cashier.

B ernard

K il d e a ,

D ir e c t o r s .— W . F. Gallagher, E. T. Sidney, Arthur J. Hanchett, W m . Streng, Jos. Wendling,
Bernard Kildea.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts____________________
United States Government obligations,
direct and guaranteed ____________
Obligations of States and political sub­
divisions --------------------------------------------Other bonds, notes, and debentures ____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection
_________ 1______
Bank premises owned __________________
Furniture and fixtures _________________
Other assets ___________________________

Total

$82,218.11
42,900.00
23,715.08
124,982.50
105,396.37
4,000.00
2,300.00
5,381.47

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations _____________
Deposits of States and political sub­
divisions --------------------------------------------Total deposits ______________________
Capital accounts:
First preferred stock _________________
Common stock ______________________
Surplus ----------------------------------------------Undivided p ro fits _____________________
Reserves ---------------------------------------------

---------------------------------------------- $390,893.53

Total

$45,122.44
279,195.74
18,396.22
342,714.40
19,900.00
20,000.00
5,000.00
1,266.21
2,012.92

----------------------------------------------- $390,893.53

No. 523.
TH E N EW PO R T STATE B AN K , N EW PO RT.
Organized December 31, 1912.
L eo R . B o u d in e t , President and Chairman o f the B oard; L eo M a r t in , P h i l i p J. Y oas
P resid en ts; T h o s . J. B a b b it t , Cashier; D e L an d M e r c u r e , A ssistant Cashier.

Vice

D ir e c t o r s .— Leo Martin, Charles Reaume, Leo R. Boudinet, Jessie Gonyea, Patrick H . Marron,
Philip J. Yoas, John A. Partlen.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $129,294.04
United States Government obligations,
direct and guaranteed___________ ____
68,632.09
Obligations of States and political sub­
divisions ________________ ____________
43,155.76
Other bonds, notes, and debentures____
34,553.64
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
49,247.59
Bank premises owned __________________
2,300.00
Furniture and fixtures _________________
800.00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$327,983.12

Demand deposits of individuals, partner­
ships, and corporations
Time deposits of individuals, partner­
ships, and corporations
Deposits of States and political sub­
divisions
Other deposits (certified and officers'
checks, etc.)
Total deposits
Capital accounts:
Common stock
Surplus Undivided profits
Reserves
Total

$53,566.53
176,548.54

3,429.91
290,097.77
25,000.00
8,000.00
4,370.79
514.56
$327,983.12

S T A T E B A N K S O F M IC H IG A N

177

No. 590.
S T A T E B A N K O F N IL E S , N IL E S .
Organized December 2, 1916.
C. C. H a r r a h , President ;

J. W . W ood , T h o s . E . C a i n , V ice P residents ;
Cashier ; L y n n N. C a in , A ssistant Cashier.

J udd C. L e ig h t o n ,

D ir e c t o r s .— C. C. H a rra h , F. A . H a rrin g ton , F. J. W ood , H . C. K lin g , L e o n a rd Z ick , T h os. E.
Cain, J. W alter Wood.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $462.09
overdrafts) ---------------------------------------- $471,599.58
United States Government obligations,
direct and guaranteed ________________
113,462.09
Obligations of States and political sub­
divisions --------------------------------------------19,985.50
Other bonds, notes, and debentures _
70,401.24
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
317,165.47
Bank premises ow n e d __________________
28,500.00
Furniture and fixtures _________________
2,772.35
Other assets ___ ._______________________
275.55

Demand deposits of individuals, partner­
ships, and corporations ______________ $438,022.09
Time deposits of individuals, partner­
ships, and corporations ___
332,188.19
Deposits of States and political sub­
divisions _____________________________
123,420.00
Other deposits (certified and officers’
checks, etc.) ______ __________________
12,862.98

Total

Total deposits _____________________
Capital accounts:
Common s to c k ________________________
Surplus ______________________________
Undivided p ro fits_____________________
Reserves _____________________________

---------------------------------------------- $1,024,161.78

Total

906,493.26
76,900.00
20,000.00
16,260.92
4,507.60

---------------------------------------------- $1,024,161.78

No. 36.
P IO N E E R B A N K , N O R T H B R A N C H .
Organized July 30, 1885.

Reorganized June 29, 1889.

F. C. B a l l a r u , P resid en t; J. L. H a r p e r , Vice P resid en t; K . M. B ar bo u r , C ash ier; R oss
H a l l o c k , A ssistan t Cashier.
D ir e c t o r s .— F. C. Ballard, K . M. Barbour, Elizabeth M. Deo, Sidney Castle, J. L. Harper,
G.
D. McIntyre.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $118,066.43
United States Government obligations,
direct and guaranteed ______
76,994.82
Obligations of States and political sub­
divisions ________
13,938.00
Other bonds, notes, and debentures ____
50,794.21
Corporate
stocks
(Including $1500.00
Stock of Federal Reserve Bank) _____
1,500.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ________ ________
122,668.61
Bank premises owned __________________
4,700.00
Total

__________ ___________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$388,662.07

Demand deposits of individuals, partner­
ships, and corporations _____________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of United States Government
(including postal savings)
__________
Deposits of States and political sub­
divisions ---------------------------------------------

$53,330.83
234,813.24
367.83
36,144.90

Total deposits ______________________
324,656.80
Capital accounts:
Common stock _________________________
50,000.00
Undivided profits ______________________
14,005.27
Total

----------------------------------------------

$388,662.07

178

S T A T E B A N K IN G D E P A R T M E N T
No. 367.
D E P O S IT O R S S T A T E B A N K , N O R T H Y IL L E .
*

Organized M arch 8, 1907.

J o h n A. B o yc e , P resident and Chairman o f the B o a rd ; E. H . L a p h a m , E. S. B eard , Vice
P resid en ts ; A. R u s s e l l C l a r k e , Cashier.
D ir e c t o r s .— E. S. Beard, G. Carmi Benton, E. M. Bogart, John A. Boyce, Alex Christensen,
Harry B. Clark, E. H. Lapham, Floyd A. Northrop, L. C. Stewart, R. M. Terrill.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $35.59
overdrafts) __________________________ $354,966.90
United States Government obligations,
direct and guaranteed _______________
307,241.15
Obligations of States and political sub­
80,594.95
divisions _____ ________________________ ,
Other bonds, notes, and debentures __ __
40,574.55
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
246,102.61
Bank premises owned __________________
30,000.00
Furniture and fixtures _________________
4,000.00
Real estate owned other than bank
3,500.00
premises --------------------------------------------Other assets ____________________ ,______
206.25

Demand deposits of individuals, partnerships, and corporations________
$253,216.04
Time deposits of individuals, partner­
475,527.61
ships, and corporations ______________
Deposits of United States Government
(including postal savings) ___________
3,055.96
Deposits of States and political sub­
divisions _____________________________
98,693.61
Other deposits (certified and officers’
checks, etc.) _________________________
12,180.39

Total

Total deposits______________________
Other liabilities ______________
Capital accounts:
First preferred stock _________________
Second preferred stock ________________
Common stock __________________
Undivided p ro fits _____________________
Reserves _____________________________

---------- ----------------------------------- $1,067,186.41

Total

842,673.61
1,865.14
100,000.00
20,000.00
90,000.00
7,764.89
4,882.77

---------------------------------------------- $1,067,186.41

No. 584.
THE

O L IV E T

STATE

B A N K , O L IV E T .

Organized A p ril 18, 1916.
P h i l H . Q u ic k , P re s id en t; A. H . B u r l e so n , H a r r y E. S h i l t s , V ice P resid en ts;
C. T y s o n , C ash ier; I van C. S h e r w o o d , A ss’ t Cashier.
D ir e c t o r s .— Phil H .

G eorge

Quick, A . H. Burleson, L. J. Dann, D. G. Cronk, George C. Tyson,
Harry E. Shilts.

Statem ent December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $0.43 over­
drafts) _______________________________
$82,507.24
United States Government obligations,
direct and guaranteed ________
28,343.75
Obligations of States and political sub­
divisions _____________________________
34,731.97
Other bonds, notes, and debentures ____
16,746.92
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
46,520.33
Bank premises ow n ed___________________
6,900.00
Furniture and fixtures ______________________ 2,100.00
Other assets ___________________________
50.00

T o t a l------------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$217,900.21

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of United States Government
(including postal savings) __________
Deposits of States and political sub­
divisions ______
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits _____________________
Capital accounts:
First preferred stock _________________
Common stock ________________ _______
Surplus ______________________________
Undivided p ro fits _____________________
Reserves _____________________________
T o t a l---------------------,_________________

$49,077.64
108,815.10
1.65
21,471.94
32.34
179,398.67
10,000.00
25,000.00
1,000.00
1,001.54
1,500.00
$217,900.21

S T A T E B A N K S O F M IC H IG A N

179

No. 378.
T H E O N STED STA TE BA N K , ONSTED.
Organized September 20, 1907.
G. W . R oss, P resid en t; W . J. R e d f ie l d , Vice P resid en t; E . R. K n a p p , Cashier.
D ir e c t o r s .— G. W . Ross, W . J. Redfield, B. L. Seager, Ray G. Turner, F. L. Branch, Seward
Shepherd.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $6.92
overdrafts) ___________________________ $221,251.89
United States Government obligations,
direct and guaranteed _______________
89,200.00
Obligations of States and political sub­
divisions _____________________________
1,600.00
Corporate stocks
(Including $1250.00
Stock of Federal Reserve Bank) _ _ __
1,250.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
43,703.94
Bank premises owned __________ ,_______
3,750.00
Furniture and fixtures ___________ „_____
500.00
124.26
Other assets ___________________________
Total

______________________________

Demand deposits of individuals, partner­
ships, and corporations_______________
Time deposits of individuals, partner­
ships, and corporations ____________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _______________ __________
Total deposits__ __________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits _____________________
Reserves _____________________________

$361,380.09

Total

$61,133.50
224,800.67
22,050.21
616.75
308,601.13
25,000.00
20,000.00
2,778.96
5,000.00

_______ !_____ :________________ _ $361,380.09

N o. 484.
T H E C I T IZ E N S S T A T E B A N K O F O N T O N A G O N , O N T O N A G O N .
Organized October 16, 1910.
E d w a r d C a r r o l l , P resid en t; F red J o h n s o n , T . H . W il c o x , Vice P resid en ts;
L e is e r , C ash ier; P e r n e l l A . E r ic k s o n , A ssistant Cashier.

W a l t e r H.

D ir e c t o r s .— Edward Carroll, W illiam Krohn, Fred Johnson, Thos. H. W ilcox, F. W . McHugh,
John Schober, Roy L. Muskatt.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $201.74
overdrafts) ___________________________ $147,557.72
United States Government obligations,
direct and guaranteed _______________
34,225.00
Obligations of States and political sub­
divisions _____________________________
29,550.00
Other bonds, notes, and debentures____
45,196.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
98,744.56
process of collection _________________
Bank premises ow n e d __________________
15,000.00
Furniture and fixtures__________________
3,500.00
Real estate owned other than bank
premises _____________________________
2,474.69

Demand deposits of individuals, partnernerships, and corporations____________ $110,304.75
Time deposits of individuals, partnernerships, and corporations _________
161,993.64
Deposits of United States Government
(including postal savings) ____________
10,000.00
Deposits of States and political sub­
divisions _____________________________
36,789.83
Other deposits (certified and officers’
checks, etc.) _________________
1,693.23

Total

------------------------------------------ ---- $376,248.47


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits _____________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Undivided profits ____________________
Reserves______________________________
Total

320,781.45
23,100.00
25,000.00
5,467.02
1,900.00

---------------------- ---------------------- - $376,248.47

S T A T E B A N K IN G D E P A R T M E N T

180

No. 687.
STA TE

BANK

O F O R T O N V IL L E ,

O R T O N V IL L E .

Organized M arch 25, 1922.
H u g h G. T a y l o r , P resid en t ;
D ir e c t o r s .— H. A . Profrock,

H . A . P r o f r o c k , Vice P resid en t ;
P r o f r o c k , A ssistant Cashier.

W m . N a r r in , Cashier ;

Hugh G. Taylor, John W altz, LaVern

E dna

Sweers, W m , Narrin.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $4.74
overdrafts) ___________________________ $139,189.15
United States Government obligations,
direct and guaranteed---------- -------------48,730.00
Obligations of States and political sub­
divisions _____________________________
5,060.00
Other bonds, notes, and debentures------31,170.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
49,337.20
Bank premises owned __________________
2,900.00
Furniture and fixtures _________________
575.00
Other assets ___________________________
37.56

Total

______________________________

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations--------------------Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) __________
Total deposits ______________________
Other liabilities _______________________
Capital accounts:
Common stock _______________________
Surplus _____________________________ Undivided p ro fits --------------------------------Reserves _____________________________
Total

$276,998.91

______________________________

$57,625.51
159,610.13
26,263.37
202.12
243,701.13
666.70
25,000.00
5,000.00
2,050.08
581.00
$276,998.91

No. 723.
T H E O S C O D A S T A T E S A V IN G S B A N K , O S C O D A .
Organized January 2, 1925.
E.

R. M c N ic h o l , President and Chairman o f the B oa rd ; A l f r e d R. W e ir , Vice P resid en t;
H a m il t o n L . M cN ic h o l , Cashier.
D ir e c t o r s .— E. R. McNichol, Alfred R. W eir, Hamilton
Francis M attis.

L.

McNichol, R. E.

McNichol,

Statement December 30, 1939.
ASSETS
Loans and discounts ___________________
United States Government obligations,
direct and guaranteed _______________
Obligations of States and political sub­
divisions -----------Other bonds, notes, and debentures------Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
Bank premises owned ________________ _—
Furniture and fixtures --------------------------Other assets ___________________________
T o t a l_______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
$26,991.39
8,100.00
1,000.00
8,202.44
92,318.07
4,500.00
500.00
1,179.94
$142,791.84

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions -----------------Other deposits (certified and officers’
checks, etc.) _________

$64,240.40
44,299.71
13,249.50
1,118.93

Total deposits ______________________
Capital accounts:
Common stock _______________________
Undivided p ro fits _____________________

122,908.54

T o t a l_______________________________

$142,791.84

20,000.00
116.70-R

181

S T A T E B A N K S O F M IC H IG A N
No. 365.
T H E O T IS Y IL L E S T A T E B A N K , O T IS V IL L E .
Organized M arch 8, 1907.

F red C. B ar de n , P resident and Chairman o f the B oa rd; L . F . B ir d , V ice-P resident; D w ig h t
A r t h u r , Vice President and C ashierj V ir g in i a R . C r a w f o r d , R o se B o s c h , A ssistant

Cashiers.
D ir e c t o r s .— Fred C. Barden, L. F. Bird, Dwight Arthur, Frank Burgess, M . E . Averill, Percy
Worgess, Harry McCormick.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $105,786.16
United States Government obligations,
direct and guaranteed _______________
16,000.00
Obligations of States and political sub­
5,872.17
divisions _____________________________
Other bonds, notes, and debentures____
16,367.66
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
55,505.03
Bank premises owned___________________
3,000.00
Furniture and fixtures__________________
500.00

Total

______________________________

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions ____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits ____________________ _
Total

$203,031.02

______________________________

$52,498.44
90,282.76
26,383.86
315.42
169,480.48
25,000.00
5,000.00
3,550.54
$203,031.02

No. 793.
S T A T E S A Y IN G S B A N K O F O T S E G O , O T S E G O .
Organized January 24, 1935.
V ic t o r L. D e r b y , President ; H ar old G. V in c e n t , E xecu tive V ice P resident ; G u s t a v A p p e l t ,
J r ., C ashier; P . S. H o l t , F lo y L u d w ig , A ssistan t Cashiers.
D ir e c t o r s .— Victor L. Derby, Gale Dugan, Matthew G. Rogers, Harold G. Vincent,
Healey, Clark R. Rathbun.

Scott

Statem ent December 30, 1939.
LIABILITIES

ASSETS
$286,043.08
Loans and discounts------------------------United States Government obligations,
53,815.00
direct and guaranteed________________
Obligations of States and political sub­
35,085.86
divisions —
18,942.35
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_________________ _ 215,973.15
14,000.00
Bank premises owned ---------------------------1.00
Furniture and fixtures ---------------------------

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$623,860.44

and

c a p it a l

accounts

Demand deposits of individuals, partnerships, and corporations ______________ $220,453.81
Time deposits of individuals, partner­
ships, and corporations_______________
243,763.54
Deposits of States and political sub­
divisions _____________________________
79,993.12
Other deposits (certified and officers’
checks, etc.) _________________________
4,462.34
Total deposits _____________________
Other liabilities _______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________

548,672.81
4,679.42

Total ________________________ _____

$623,860.44

50,000.00
10,000.00
5,508.21
5,000.00

182

S T A T E B A N K IN G D E P A R T M E N T
N o. 199.
S T A T E S A V IN G S B A N K O F O V ID , O V ID .
Organized September 9, 1897.

J o h n H . R o b so n , P resid en tj H. S. B ea rds l e e , V ice President and Cashier; W m , J. H a t h a w a y ,
F red O l s o n , Vice P resid en ts; G e o . S. R obso n , A ssistan t Cashier.
D ir e c t o r s .— John H . Robson, W m . J. Hathaway, Lou T. Storrer, E. C. Smith, H . S. Beardslee,
H.
P. Snyder, Geo. S. Robson, Fred Olson.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $73.81
overdrafts) ____________________ ,______ $503,149.28
United States Government obligations,
46,400.00
direct and guaranteed________________
Obligations of States and political sub­
divisions ______ ______________________
12,877.05
Other bonds, notes, and debentures____
5,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
208,249.83
Bank premises ow n ed ___________________
15,000.00
4,500.00
Furniture and fixtures _________________
Real estate owned other than bank
prem ises______________________________
13,425.00
Other assets ___________________________
946.50

Demand deposits of individuals, partner­
ships, and corporations ______________ $160,968.31
Time deposits of individuals, partner­
498,214.78
ships, and corporations_______________
Deposits of States and political sub­
divisions _____________________________
47,799.72
Other deposits (certified and officers’
checks, etc.) _________________________
2,362.23

Total

Total deposits______ _______________
Capital accounts:
Common stock _______________________
Surplus _________ ,____________________
Undivided p ro fits _____________________

----------------------------------------------- $809,547.66

Total

______________________________

709,345.04
50,000.00
36,000.00
14,202.62
$809,547.66

N o. 112.
T H E O W O S S O S A V IN G S B A N K , O W O S S O .
Organized January 13, 1891.
C a l v in P. B e n t l e y , P resid en t ; E. N. T h o m e , A. M. H u m e , V ice P resid en ts; W . S. C o ope r ,
Cashier ; G. E. P e r k in s , J. H. H a h n , C. E. S a a r u p , G eo . A . S t a n t o n , A ssistant Cashiers.
D ir e c t o r s .— Calvin P. Bentley, Arthur M. Hume, E. N. Thome, J. H . Woodard, John J.
McDonald, S. Q. Pulver, H. K . W hite, J. Evens Campbell, W . S. Cooper.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $275.80
overdrafts) __________________________ $1,473,727.32
United States Government obligations,
direct and guaranteed________________
129,765.23
Obligations of States and political sub­
divisions _____________________________
733,569.58
Other bonds, notes, and debentures ____
200,788.05
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
808,914.56
Bank premises owned __________________
37,800.00
Furniture and fixtu res_________________
15,134.58
Real estate owned other than bank
premises ---30,849.90

Demand deposits of individuals, partnerships, and corporations_______________ $974,432.89
Time deposits of individuals, partner­
ships, and corporations_______________ 1,977,985.97
Deposits of States and political sub­
divisions ______
108,061.54
Other deposits (certified and officers’
checks, etc.) ___________________
419.05

Total --------------------------------------------- ^$3,430,549.22


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________ 3,060,899.45
Other liabilities ________________________
18,084.74
Capital accounts:
First preferred stock ____________
175,000.00
Second preferred stock _______________
99,250.00
Common s to c k ________________________
1,000.00
Undivided p ro fits____________________ _
18,796.96
Reserves _____________________________
57,518.07
Total

---------------------------------------------- $3,430,549.22

183

S T A T E B A N K S O F M IC H IG A N
No. 370.
S T A T E S A Y IN G S B A N K O F O W O S S O , O W O S S O .
Organized June 5, 1906.

J a m e s H . V a n P e l t , P resid en t; K e n n e t h F. C r a w f o r d ,, A. J. G r e e n e , Vice P resid en ts;
P r a n k C. F r e e m a n , C a sh ier; A r t h u r E l l io t t , A ssistant C ash ier; A. J. D r is c o l l , Manager

Industrial Loan Departm ent.
D ir e c t o r s .-—James H . YanPelt, J. M. B eck, H a rlo w B. R oss, A . J. Greene, Geo. W . Campbell,
Frank C. Freeman, Kenneth F. Crawford.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts
$359,460.64
United States Government obligations,
direct and guaranteed
248,000.00
Obligations of States and political subdivisions
72,000.00
Other bonds, notes, and debentures
91,575.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
485,591.73
Bank premises owned
25,000.00
Furniture and fixtures
3,000.00
Other assets
14,095.34

Demand deposits of individuals, partnerships, and corporations
.
_
$560,488.73
Time deposits of individuals, partnerships, and corporations
584,711.52
Deposits of States and political subdivisions
30,423.01
Other deposits (certified and officers'
checks, etc.)
6,583.51

Total

Other liabilities
Capital accounts:
Common stock
Surplus
Undivided profits
Reserves

$1,298,722.71

Total

1,182,90« 77
7J46.74
__
__

____

75,000.00
17,500.00
7,635.57
8,633.63
$1,298,722.71

No. 34.
T H E O X F O R D S A Y IN G S B A N K , O X F O R D .
Organized June 12, 1884.
R o bert M a r s h a l l , P resid en t; F r a n k L. O l iv e , Vice President and C a sh ier; L. S. F r e n c h ,

A ssistant Cashier.
D ir e c t o r s .— John H . Patterson, Frank L. Olive, Robert Marshall, Marsh W . Kessell, J. G.
Sutherland, Ray J. Howland, George B. Tunstead.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $7.59
overdrafts) __________________________ $247,489.80
United States Government obligations,
direct and guaranteed________________
182,493.00
Obligations of States and political sub­
divisions ___
157,095.46
Other bonds, notes, and debentures____
103,200.00
Corporate stocks (Including $1,950.00
Stock of Federal Reserve B a n k )______
1,950.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
265,940.36
Bank premises owned __________________
14,400.00
Furniture and fixtures _________________
3,500.00
Real estate owned other than bank
premises _____________________________
4,008.21

Demand deposits of individuals, partner­
ships, and corporations ______________ $241,145.52
Time deposits of individuals, partner­
ships, and corporations ______________
600,292.63
Deposits of States and political sub­
divisions __ ,__________________________
54,853.85
Other deposits (certified and officers’
checks, etc.) _________________________
2,495.33

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$980,076.83

Total deposits _____________________
898,787.33
Other liabilities ________________ I______
1,262.46
Capital accounts:
Common stock ______________________
50,000.00
Surplus ______________________________
16,000.00
Undivided profits _______________________
8,027.04
Reserves _______________________________
5,000.00
Total

______________________________

$980,076.83

184

S T A T E B A N K IN G D E P A R T M E N T
No. 658.
JOHN W . FR E E STA TE B A N K , P A W P A W .
Organized July 23, 1920.

A . L y n n F r e e , Chairman o f the Board, P resident and C ash ier; C h a r l e s L a k e , Vice P resid en t;
W . F. R ie d l , A ssistan t C ash ier; M. M. S o u t h w o r t h , Auditor.
D ir e c t o r s .— A . Lynn Free, Deyo Thayer, Bert Gleason, Geo. B . Monroe, Charles Lake.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $122,312.84
United States Government obligations,
direct and guaranteed _____________ __
92,152.52
Obligations of States and political sub­
divisions _____________________________
5,903.02
Other bonds, notes, and debentures____
13,766.21
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
242,924.99
process of collection__________________
Bank premises ow n ed __________________
11,250.00
Furniture and fixtures ________________
1,747.70
Other assets __________________________
55.77

Demand deposits of individuals, partner­
ships, and corporations_______________ $234,962.76
Time deposits of individuals, partner­
ships, and corporations ______________
172,159.99
Deposits of States and political sub­
46,109.60
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
125.11

Total

Total deposits ______________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Undivided p ro fits _____________________

----------------------------------------------- $490,113.05

Total

----------------------------------------------

453,357.46
320.87
28,300.00
8,134.72
$490,113.05

NO. 478.
P E N T W A T E R STA TE BAN K , P E N T W A T E R .
Organized December 14, 1910.
D. J. H a l s t e a d , P resid en t;

W . H . G a r d n e r , V ice P re s id en t; C a r l H ir l e m a n , E xec.

Vice

P resident and Cashier.
D ir e c t o r s .— A. B. Gale, W . H. Gardner, D. J. Halstead, C. C. Anderson, Carl Hirleman.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts_______________ _____ $107,276.69
United States Government obligations,
direct and guaranteed________________
7,550.00
Obligations of States and political sub­
divisions _________________________________ 3,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
62,164.68
Bank premises ow n e d __________________
2,900.00
Furniture and fixtu res____ ____________
950.00
Total

----------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$173,841.37

Demand deposits of individuals, partnerships, and corporations _____________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions --------------------------------------------Total deposits______________________
Capital accounts:
Common stock _______________________
Undivided profits ____________________

$55,331.48
79,753.83
12,089.45
$147,174.76
25,000.00
1,666.61

Total ------------------------------------------------ $173,841.37

S T A T E B A N K S O F M IC H IG A N

185

No. 132.
TH E STATE B AN K OF PERRY, PERRY.
Organized January 2, 1892.
S p a l d in g , P re s id en t; R o m a in e C. B o t sf o r d , M r s . E d i t h M. S p a l d in g , Vice
P resid en ts; M a r s h a l l C. S p a l d in g , C ash ier; H a z e l K r a f t , D an J. B o u t e l l , Assistant

R olan d

L.

Cashiers.
D ir e c t o r s .— Roland

L.

Spalding, Romaine C. Botsford, Marshall
Spalding, Lawrence B. Watkins.

C.

Spalding,

Edith

M.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $247,365.97
United States Government obligations,
direct and guaranteed _ _ ____________
60,662.50
Obligations of States and political sub­
divisions --------------------------------------------13,819.92
Other bonds, notes, anddebentures_____
24,632.75
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
99,808.52
process of collection _____________ ;____
Bank premises owned _________________
1,850.00
Furniture and fixtures _________________
1,800.00
Real estate owned other than bank
premises --------------------------------------------9,587.44

Demand deposits of individuals, partner­
ships, and corporations ______________ $100,876.01
Time deposits of individuals, partner­
276,041.47
ships, and corporations ______________
Deposits of States and political sub­
divisions --------------------------------------------23,443.25
Other deposits (certified and officers’
2,288.40
checks, e t c . ) __.______________________
Total deposits ______________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Surplus ---------------------------------------------Undivided p ro fits_____________________
Reserves ----------------------

402,649.13

Total ----------------------------------------------

$459,527.10

Total --------------------------------------------- - $459,527.10

15,000.00
25,000.00
5,000.00
6,877.97
5,000.00

No. 463.
T H E H . O. M c L A C H L IN & CO. S T A T E B A N K , P E T E R S B U R G .
Organized September 17, 1910.
A. S m i t h , P resident and Chairman o f the B o a rd ; L a w r e n c e W . W it t m a n , Vice
P resid en t; C. P. K o p p e l m a n , C ash ier; E l l a W o e l m e r , L u t h e r L ogan , A ssistant Cashiers.

W il l i a m

D ir e c t o r s .— W illiam A. Smith, Alfred O. Elder, C. F. Koppelman, Lawrence W . W ittm an,
J. Alster Stuart, C. J. W ittm an, Fred T. Consear.

Statem ent December 30, 1939.
ASSETS
Loans and discounts (including $3.94
overdrafts) __________________________ $265,513.39
United States Government obligations,
direct and guaranteed _______________
104,143.66
Obligations of States and political sub­
divisions _____________________________
140,418.59
Other bonds, notes, and debentures ___
117,441.05
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
134,153.38
Bank premises ow n ed ___________________
19,500.00
Furniture and fixtures _________________
3,250.00
Other assets____________________________
70.60

Total

----------------------------------------------- $784,490.67


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
Demand deposits of individuals, partner­
ships, and corporations _____ ,____ ____
Time deposits of individuals, partner­
ships, and corporations___
Deposits of States and political sub­
divisions _________
Other deposits (certified and officers’
checks, etc.) ________________________
Total deposits______________________
Other liabilities _______________________
Capital accounts:
First preferred stock ________________
Common stock _______________________
Surplus ______________________________
Undivided profits _______ ____________
Reserves _____
Total

$82,071.48
520,401.66
56,991.94
8,391.49
667,856.57
6,221.56
36,500.00
40,000.00
23,500.00
7,912.54
3,500.00

----------------------------------------------- $784,490.67

S T A T E B A N K IN G D E P A R T M E N T

186

N o. 119.
T H E F IR S T ST A T E B A N K O F P E T O S K E Y , P E T O S K E Y .
Organized June 19, 1891.
W.

G. M c C u n e , P resid en t; G l e n C. T o w n s e n d , E xecu tive V ice P resid en t; W a l t e r
S c h l e c h t e , C a sh ier; G race C a r m ic h a e l , G. A. H it c h m o u g h , A ssistant Cashiers.

A.

D ir e c t o r s .— Lacy H. Sergent, Glen C. Townsend, W . G. McCune, C. L. Hinkley, George
W . John, W alter A. Schlechte, E. A. Bremmeyr, C. E. Garvin, V. J. Kahler.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $127.75
overdrafts) ___
$698,621.70
United States Government obligations,
212,733.88
direct and guaranteed _______________
Obligations of States and political sub­
divisions ____________________________
99,751.31
18,697.50
Other bonds, notes, and debentures____
Corporate
stocks
(Including $4,050.00
Stock of Federal Reserve Bank) _____
4,050.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
539,770.45
Bank premises owned __________________
20,000.00
Furniture and fixtures _________________
1.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $396,368.70
Time deposits of individuals, partner­
ships, and corporations -----------871,126.38
Deposits of United States Government
(including postal savings) ____________
5,000.72
Deposits of States and political sub­
divisions _____________________________
117,489.62
10,000.00
Deposits of banks ______________________
Other deposits (certified and officers’
checks, etc.) _________________________
39,174.22

Total

Total deposits ______________________ 1,439,159.64
Other liabilities ________________________
1,680.58
Capital accounts:
First preferred stock _________________
25,000.00
Common stock _______________________
75,000.00
Surplus ______________________________
37,500.00
2,785.62
Undivided p ro fits_____________________
Reserves _____________________________
12,500.00
Total

______________________________ $1,593,625.84

______________________________ $1,693,625.84

NO. 348.
T H E P IG E O N S T A T E B A N K , P IG E O N .
Organized July 2, 1906.
E r n e s t C l a b u e s c h , P resid en t; A l b e r t K l e i n s c h m i d t , V ice P resid en t; L eo B l i s s , C ash ier;
C l if t o n B a il e y , A ssistant Cashier.
D ir e c t o r s .— Herman

Buchholz,

Ernest Clabuesch, Henry
Albert Kleinschmidt.

J.

Clabuesch,

Hugh

B.

Harder,

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $29.57
overdrafts) __________________________ $410,628.94
United States Government obligations,
direct and guaranteed _______________
22,000.00
Obligations of States and political sub­
divisions _____________________________
16,975.00
Corporate
stocks
(Including $1,500.00
Stock of Federal Reserve Bank) ____
1,500.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ______________ _—
105,424.94
Bank premises owned __________________
2,600.00
Furniture and fixtures _________________
2,120.00
Other assets____________________________
1,177.67

Demand deposits of individuals, partner­
$159,550.44
ships, and corporations________
Time deposits of individuals, partner­
ships, and corporations ____________
272,279.88
Deposits of States and political sub­
50,236.75
divisions __ ___________________________
Deposits of banks ______________________
6,487.88
Other deposits (certified and officers ’
checks, etc.) __________
2,385.13

Total ______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$562,426.55

Total deposits _____________________
Other liabilities _______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Total

______________________________

490,940.08
15,323.89
25,000.00
25,000.00
6,162.58
$562,426.55

S T A T E B A N K S O F M IC H IG A N

187

N o. 400.
P IN C O N N IN G S T A T E B A N K , P IN C O N N IN G .
Organized June 3, 1908.
\\ m . U r b a n , P resid en t; J. R. F o t h e r in g h a m , V ice P resident and C ashier; T h o m a s T u r m e l l ,
Vice P resid en t; S. A . R e s m e r , A ssistant Cashier.
D ir e c t o r s .-— J. R. Fotheringham, J. B. Harris, J. W . Jankowiak, W alter Kisser, V . B.
Klumpp, S. A. Resmer, J. M. Tremlin, Thomas Turmell, W illiam Urban, J. M. W hyte.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $254,885.99
Obligations of States and political sub­
divisions ----------------------------------------12,000.00
Other bonds, notes, and debentures __ _
5,782.50
Corporate
stocks
(Including
$900.00
900.00
Stock of Federal Reserve Bank) _____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
177,142.53
Bank premises owned __________________
7,000.00
Furniture and fixtu res__ :________ _____
500.00

Demand deposits of individuals, partner­
ships, and corporations_______________ $116,012.79
Time deposits of individuals, partner­
ships, and corporations ______ ,_______
247,744.17
Deposits of States and political sub­
37,431.90
divisions --------------------------------------------Other deposits (certified and officers’
checks, etc.) _________________________
6,550.26

Total

----------------------------------------------

Total deposits ______________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ____
Undivided p ro fits _____________________

$458,211.02

Total

407,739.12
1,750.00
25,000.00
10,000.00
13,721.90

------------------------- --------------------- $458,211.02

No. 282.
C IT IZ E N S S T A T E

S A V IN G S B A N K O F P L A I N W E L L , P L A I N W E L L .
Organized October 6, 1903.

E.

W . S t o n e , P resid en t; F. J. S c o t t , Vice P resid en t; F. C. B u r c h f ie l d , C ash ier; R. W .
F e n n e r , A ssistant Cashier.

D ir e c t o r s .— F. J. Scott, E. R. Aungst, E.

W.

Stone, F.

C. Burchfield,

G. L.

Honeysett.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $15.92
overdrafts) __________________________ $160,443.50
United States Government obligations,
direct and guaranteed _______________
106,638.51
Obligations of States and political sub­
divisions _____________________________
109,603.87
Other bonds, notes, and debentures____
36,592.82
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
112,858.48
Bank premises owned __________________
5,000.00
Furniture and fixtures ________
1.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $231,896.11
Time deposits of individuals, partner­
ships, and corporations _____________
209,264.81
Deposits of States and political sub­
divisions --------------------------------------------37,635.19
Other deposits (certified and officers'
checks, etc.) __________________________
2,515.66

Total

----------------------------------------------- $531,138.18


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ----------------------------------------------Undivided p ro fits_____________________
Reserves _____________________________
Total

----------------------------------------------

481,311.77
40,000.00
7,000.00
1,437.78
1,388.63
$531,138.18

S T A T E B A N K IN G D E P A R T M E N T

188

No. 99.
P L Y M O U T H U N I T E D S A Y IN G S B A N K , P L Y M O U T H .
Organized M ay 13, 1890.
Charles

P a u l W . V o o r h ie s , Chairman of the Board.
H . B e n n e t t , P resid en t; E dson O. H u s t o n , Vice P resid en t; R u s s e l l M. D a a n e ,
V ice P resident and C ashier; L i s l e H . A l e x a n d e r , A ssistant Cashier.

D ir e c t o r s .-— Charles H . Bennett, Otto P. Beyer, Russell M. Daane, Floyd G. Eckles, Cass S.
Hough, Edson O. Huston, Luther Peck, Ernest S. Roe, Paul W . Yoohries, Charles H .
Rathburn, Jr.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $23.47
overdrafts) ___________________________ $453,156.76
United States Government obligations,
direct and guaranteed ________________
366,340.63
Obligations of States and political sub­
divisions _____________________________
37,120.57
Other bonds, notes, and debentures------97,552.46
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
366,841.46
Bank premises owned __________________
40,000.00
Furniture and fixtures _________________
4,370.00
Other assets ________________
2,127.18

Demand deposits of individuals, partner­
ships, and corporations------------------------ $489,574.69
Time deposits of individuals, partner­
ships, and corporations ---------------------644,914.36
Deposits of States and political sub­
divisions _____________________________
50,556.87
Other deposits (certified and officers’
5,631.33
checks, etc.) _________________________

Total

Total deposits______________________ 1,190,677.25
Capital accounts:
First preferred stock _________________
50,000.00
Common stock -----------------------------------100,000.00
23,007.58
Undivided p ro fits --------------------------------R eserves______ -_____ __________________
3,824.23
Total

______________________________ $1,367,509.06

______________________________ $1,367,509.06

NO. 456.
T H E P O M P E II S T A T E B A N K , P O M P E II.
Organized M ay 10, 1910.
D r . B. C. H a l l , P resid en t; F r a n k R. H i m e s , Vice P resid en t; G e o . H. N o s , C a sh ier; C. F .
D odge , A ssistant Cashier.
D ir e c t o r s .— Dr. B. C. H all, Frank R. Himes, H. C. Fraker, Geo. H . Nos, F. E. Barnes.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts _____________
$176,923.35
United States Government obligations,
direct and guaranteed -----------------------84,331.54
Obligations of States and political sub­
divisions ___
35,525.08
Other bonds, notes, and debentures____
50,723.96
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
126,046.92
Bank premises owned __________________
2,500.00
Furniture and fixtures _________________
1,400.00
Real estate owned other than bank
premises _____________________________
6,100.00
Other assets _____________________ 1------123.11

Demand deposits of individuals, partner­
ships, and corporations ---------------------- $105,105.85
Time deposits of individuals, partner­
ships, and corporations ---------------------277,879.51
Deposits of States and political sub­
divisions _____________________________
48,718.33
Other deposits (certified and officers’
checks, etc.) _________________________
425.53

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$483,673.96

Total deposits ______________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Undivided p ro fits _____________________
Reserves _____________________________
Total

______________________________

432,129.22
20,000.00
20,000.00
5,914.21
5,630.53
$483,673.96

STATE BANKS OF MICHIGAN

189

No. 534.
TH E PO RT AU STIN STATE BANK, PO R T AUSTIN.
Organized January 10, 1913.
R obert

B.

P resid en t; F red H. B r o w n , Vice P resid en t; H arold
C ash ier; A rn old J. S c h u m a c h e r , A ssistan t Cashier.

T huem m el,

F.

F in a n ,

D ir e c t o r s .— Robert E. Thuemmel, Harold F. Finan, Fred W . Kinde, Fred H. Brown, A. C.
McGraw.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts____________________ $135,395.25
United States Government obligations,
direct and guaranteed ______________
15,100.00
Obligations of States and political sub­
divisions --------------------------------------------7,600.00
1,598.75
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
45,391.70
Bank premises owned __________________
2,425.00
Furniture and fixtures _________________
495.00

Total

---------------------------------- -----------

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions ---------------------------------------------Other deposits (certified and officers’
checks, etc.) ________________________

$41,524.75
124,694.35
6,708.68
1,544.56

Total deposits _____________________
Other liabilities _______________________
Capital accounts:
Common stock _______________________
Surplus ----------------------------------------------Undivided profits ____________________
Reserves _____________________________

174,472.34
5.79

______________________________

$208,005.70

$208,005.70

Total

25,000.00
6,250.00
2,052.88
224.69

No. 502.
TH E STATE BANK OF PO RT HOPE, PO RT HOPE.
Organized May 17, 1912.
D. M ih l e t h a l e r , P resid en t ; R olan d E il b e r , V ice President and C ash ier; P e t e r F. R ic h a r d s ,

A ssistant Cashier.
D ir e c t o r s .— D. Mihlethaler, Roland Eilber, Peter F. Richards, B. W . Jenks, Lila M. Eilber.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $.84 over­
drafts) ---------------------------------------------- $102,224.11
United States Government obligations,
direct and guaranteed __________
129,471.93
Obligations of States and political sub­
divisions ______________________ :______
86,359.42
Other bonds, notes, and debentures____
11,667.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
77,762.44
Bank premises owned __________________
2,250.00
Furniture and fixtures _________________
400.00

Total

----------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$410,135.40

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions ________
Other deposits (certified and officers'
checks, e t c . ) __ ______________________
Total deposits _____________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Total

---------------------------------------- ------

$43,552.68
315,519.39
9,177.47
2,507.73
370,757.27
25,000.00
12,000.00
2,378.13
$410,135.40

STATE BANK ING D EPARTM EN T

190

No. 375.
PEOPLES SAVINGS BANK, PO RT HURON.
Organized July 23, 1907.
M a r s h a l l B . C a m p b e l l , Chairman of the Board.
M yro n E. O gden , P resid en t; O. B. S o e h n e r , E xecu tive V ice P resid en t; T h e o . W . D u n n ,
Vice P re s id en t; R oy E. S c h c l t i i e i s s , C a sh ier; H o w a r d J. B e a r s s , A ssistant Cashier.
D ir e c t o r s .— Marshall E. Campbell, Theo. W . Dunn, H. G. McMorran,
Myron E. Ogden, Edward R. Wagenseil, R. A . W ilson.

Seeley E.

Mosher,

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS

Demand deposits of individuals, partner­
Loans and discounts (including $4.82
ships, and corporations_______________ $613,076.88
overdrafts) ________________________ $1,113,994.80
Time deposits of individuals, partner­
United States Government obligations,
ships, and corporations _______
1,405,954.49
direct and guaranteed ________________
362,764.78
Deposits of States and political sub­
Obligations of States and political sub­
divisions _____________________________
205,051.53
divisions __________ i __________________
275,697.45
Deposits of banks ______________________
6,843.81
Other bonds, notes, and debentures________________ 104,998.00
Other deposits (certified and officers’
Cash, balances with other banks, includ­
checks, e t c . ) _______________
34,000.11
ing reserve balances, and cash items in
process of collection _________________
564,733.46
Total deposits ______________________ 2,264,926.82
Bank premises owned __________________
90,000.00
Other liabilities ________________________
15,265.75
10,000.00
Furniture and fixtures _________________
Capital accounts:
Other assets ___________________________
2,606.98
200,000.00
Common stock _______________________
Surplus ______________________________
40,000.00
Undivided profits ____________________
4,602.90
Total

Total

______________________________ $2,524,795.47

______________________________ $2,524,795.47

No. 330.
M AYNARD-ALLEN STATE BANK, PORTLAND.
Organized December 21, 1905.
W . H . M c B r id e , P resid en t; L eo C. L e h m a n , V ice P re s id en t; C a r l O. D e r b y , C ash ier; C l o yc e
V an H o u t e n , M a l c o l m B. R o b e r tso n , A ssistan t Cashiers.
D ir e c t o r s .— Carl O. Derby, W . H . McBride, Helen A. Woodbury,
Lehman, C. M. Divine.

George

Fisher,

Leo

C.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $13.30
overdrafts) __ _________________________ $278,213.58
United States Government obligations,
direct and guaranteed ------------------------ 103,824.22
Obligations of States and political sub­
divisions _____________________________
105,415.85
Other bonds, notes, and debentures------41,823.30
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
197,802.52
Bank premises owned __________________
5,421.98
Furniture and fixtures _________________
683.23

Demand deposits of individuals, partner­
ships, and corporations ______________ $207,811.73
Time deposits of individuals, partner­
ships, and corporations ______________
400,170.26
Deposits of States and political sub­
divisions ------------------------------------------—
26,777.93
Other deposits (certified and officers’
checks, etc.) _________________________
6,638.92

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$733,184.68

Total deposits _____________________
Other liabilities _______________ :------------Capital accounts:
Common stock _________________
Surplus ______________________________
Undivided p ro fits --------------------------------Reserves _____________________________
Total

______________________________

641,398.84
2,443.15
50,000.00
30,000.00
5,603.94
3,738.75
$733,184.68

STATE BANKS OF M ICHIGAN

191

No. 567.
THE POSEN STATE BANK, POSEN.
Organized August 6, 1915.
F r a n k E. S m i t h , P resid en t; C. F . S t e v e n s , Chairman and Vice P resid en t; H a r l e y E n n e s t ,
C a sh ier; A n n a C. E n n e s t , A ssistant Cashier.
D ir e c t o r s .— Charles F. Stevens, Anna C. Ennest, A. J. Wozniak, Frank E.
Taylor, Mary Smith, Harley Ennest.

Smith, H . A.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $.28 overdrafts) ------------------------------------------------ $179,823.04
United States Government obligations,
direct and guaranteed _____________
139,853.08
Obligations of States and political sub­
divisions --------------------------------------------2,015.00
Other bonds, notes, and debentures____
6,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
79,571.49
process of collection _________________
Bank premises owned __________________
2^250.00
Furniture and fixtures ______ ___________
950.00

Demand deposits of individuals, partnerships, and corporations _______________ $101,173.94
Time deposits of individuals, partner­
ships, and corporations_______________
238,929.41
Deposits of States and political sub­
32,408.60
divisions -----------------------------------------Other deposits (certified and officers’
checks, e t c . ) __ _______________________
329.88

Total

Total deposits - ____________________
Capital accounts:
First preferred stock ________________
Common stock ______ » _______________
Surplus ----------------------------------------------Undivided profits __________
Reserves _____________________________

---------------------------------------------- $410,462.61

Total

372,841.83
10,000.00
20,000.00
5,000.00
320.78
2,300.00

----------------------------------------------- $410,462.61

N o. 731.

TH E F IR S T STATE BANK OF RAVENNA, RAVENNA.
Organized August 3, 1926.
B.

P.

S herw ood,

P resid en t;

A. E. J a c ob so n , Vice P resid en t;
R o m a in e C. D e C a m p , A ssistant Cashier.

S.

J.

L in c k ,

C ash ier;

D ir e c t o r s .— B. P. Sherwood, A . E. Jacobson, Geo. K . Herman, A . E. Gale, S. J. Linck, B. P .
Sherwood, Jr.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $7.01
overdrafts) ___________________________ $395,404.28
United States Government obligations,
direct and guaranteed __________
1,200.00
Obligations of States and political sub­
divisions __________________________ :__
1,800.00
Other bonds, notes, and debentures____
2,730.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
62,779.24
Bank premises ow n ed ___________________
1,978.00
Furniture and fixtures _________________
1,600.00
Other assets ___________________________
3,118.34

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$470,609.86

Demand deposits of individuals, partner­
ships and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions ___________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits_____ _________________
Other liabilities ________________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Surplus ___________________________ ;__
Undivided p ro fits _____________________
R e se rv e s _I___________________________
Total

______________________________

$78,544.95
296,508.65
30,288.22
6,191.70
411,533.52
7.01
10,000.00
25,000.00
10,000.00
10,611.29
3,458.04
$470,609.86

STATE BANKING D EPARTM ENT

192

No. 724.
TH E REED CITY STATE BANK, REED CITY.
Organized March 16, 1925.
W m . M. P o r t e o u s , P resid en t; F red F. S h e l a n d e r , V ice P resid en t; C. A. S t i l e s , C a sh ier ;
R u t h M. J o h n s o n , A ssistan t Cashier.
D ir e c t o r s .— Fred F. Shelander, W m . M. Porteous, C. A . Stiles, Fred E. Davy, F. G. Lindell,
Ray Kent, Frank McIntyre.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $245.03
overdrafts) ___________________________ $227,968.14
United States Government obligations,
direct and guaranteed _______
45,700.00
Obligations of States and political sub­
divisions __
56,500.00
47,930.00
Other bonds, notes, and debentures ____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ____
152,301.92
Bank premises owned __________________
3,880.00
Furniture and fixtures _________________
435.00
Real estate owned other than bank
prem ises______________________________
600.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $144,691.41
Time deposits of individuals, partner­
ships, and corporations ---------------------276,760.34
Deposits of States and political sub­
divisions _________________________- —
51,390.38
Deposits of banks ______________________
7,000.00
Other deposits (certified and officers'
checks, etc.) _________________________
2,189.78

Total

______________________________

Total deposits ______________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
S u r p lu s _____________________________
Undivided profits ____________________
Reserves _____________________________
Total

$535,315.06

______________________________

482,031.91
10,000.00
25,000.00
15,000.00
3,089.25
193.90
$535,315.06

No. 587.
TH E STATE SAYINGS BANK OF REESE, REESE.
Organized November 18, 1916.
S a m u e l R. P a r k , P resid en t; G eorge F. S a h r , P e t e r B ie r l e in , Vice P resid en ts;
J. K a m m , C a sh ier; A l m a N u r m in g e r , A ssistant Cashier.

A dolph

D ir e c t o r s .— Adolph J. Kamm,

Stephen

Samuel R. Park, George F.
A. Noble.

Sahr, Peter Bierlein,

Statement December 30. 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts ___________________ $214,783.91
United States Government obligations,
direct and guaranteed _______________
113,776.22
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of c o lle ctio n __ _______________ 139,349.17
Bank premises owned __________________
2,300.00
Furniture and fixtures _________________
200.00

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers'
checks, etc.) ____
Total deposits _____________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$470,409.30

Total

______________________________

$63,510.90
327,605.10
27,416.39
625.00
419,157.39
25,000.00
20,000.00
5,570.22
681.69
$470,409.30

193

STATE BANKS OF M ICHIGAN
No. 393.
THE STATE SAYINGS BANK OF REMUS, REMUS.
Organized February 1, 1908.
A d am

J.

D i e h m , P resid en t;

G eorge

B il b r o u g h , Vice P resid en t;
and Trust Officer.

I ral

Cashier

P h il ip s ,

D ir e c t o r s .— Adam J. Diehm, George Bilbrough, Iral Philips, Ray Roe, Dr. Fred L. Shepard.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts ___________________ $105,651.15
United States Government obligations,
direct and guaranteed________________
25,000.00
Obligations of States and political sub­
divisions _____________________________
7,000.00
Other bonds, notes, and debentures____
22,971.43
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
61,767.31
3,000.00
Bank premises owned __________________
Furniture and fixtures _________________
200.00

Total

_________________________ ____

Demand deposits of individuals, partner­
ships, and corporations--------------- .—.—
Time deposits of individuals, partner­
ships, and corporations---------------Deposits of United States Government
(including postal savings) _____________
Deposits of States and political sub­
divisions --------------------Other deposits (certified and officers'
checks, etc.) _________________________

$54,328.87
95,360.13
473.60
37,630.07
1,856.01

Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus _________________
Undivided profits -----------------Reserves _____________________________
Total

$225,589.89

______________________________

189,648.68
25,000.00
6,700.00
3,641.21
600.00
$225,589.89

No. 206.
MACOMB COUNTY SAYINGS BANK, RICHMOND. (LE N O X P. O.)
Organized July 2, 1898.
H ar old E . P a r k e r , President j W i l l ia m J. S a s s , J o s . W . W i n k e l , Vice P residents j E . G r a n t
P in n e t , Cashier; F r a n k J. G e h r in g e r , M ab e l A. W in k e l , A ssistant Cashiers.
D ir e c t o r s .— Harold E.

Parker, W illiam J. Sass, Charles W . Beier, Edward W .
Joseph W . Winkel, Mathias Nothaft.

Priestap,

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts ------------------------------ $261,235.73
United States Government obligations,
direct and guaranteed -----------------------83,400.00
Obligations of States and political sub­
divisions _____________________________
21,945.00
Other bonds, notes, and debentures ------10,465.00
Corporate stocks (Including $1,850.00
Stock of Federal Reserve Bank) -------1,850.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
94,025.45
Bank premises owned __________________
8,200.00
Furniture and fixtures__________________
2,300.00

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$483,421.18

Demand deposits of individuals, partner­
ships, and corporations --------------------Time deposits of individuals, partner­
ships, and corporations------- ------------Deposits of United StatesGovernment
(including postal savings) ----------------Deposits of States andpolitical
sub­
divisions
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p rofits--------------------------------Reserves _______________________
Total

______________________________

$85,045.76
267,416.18
450.71
53,895.52
1,968.75
408,776.92
50,000.00
12,000.00
8,257.81
4,386.45
$483,421.18

194

STATE BANKING D EPARTM ENT
No. 429.
R IY E R D A L E STATE SAYINGS BANK, R IV ERD ALE .
Organized April 15, 1909.

O t t o M. B l a ir , P resid en t ;

S u m n e r II o x i e , V ice P resid en t ; F red L e it e r , Vice President and
C a sh ier; W m . M. B l a ir , A ssistant Cashier.

D ir e c t o r s .— Otto M.

Blair, Paul D. Bywater, Alfred Locey, Fred
W m . S. Gould, James Schnepp.

Leiter,

Sumner

H oxie,

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $27.78
overdrafts) -----------$126,009.79
United States Government obligations,
direct and guaranteed ________________
66,525.00
Obligations of States and political sub­
divisions --------------------------------------------9,600.00
5,990.00
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _______________
70,029.67
Bank premises owned __________________
1,200.00
Furniture and fixtures_________________ I
’sOO^OO
Total

Demand deposits of individuals, partner­
ships, and corporations ______________ $74,205.86
Time deposits of individuals, partner­
ships, and corporations ______________ 115,655.72
Deposits of States and political sub­
divisions -----------------------------------------------50,580.17
Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ----------------------------------------------Undivided p ro fits ______ ____ :_________

----------------------------------------------- $280,154.46

Total

----------------------------------------------

240,441.75
25,000.00
12,500.00
2,212.71
$280,154.46

No. 622.
R IV E R ROUGE SAVINGS BANK, R IV E R ROUGE.
Organized January 11, 1919.
W il f r e d H. B u r k e , P re s id en t; J o h n C a s s id y , H e r m a n W . G o l d n it z , Vice P resid en ts;
D a n ie l J. G o n ie a , Vice P resident and C a sh ier; W m . J. B r u n e l l e , E d w . T . M c L a c h l a n ,

A ssistant Cashiers.
D ir e c t o r s .— W ilfred H . Burke, John Cassidy, Herman W . Goldnitz, Emery Schonfeld, George
W . Burke, Thomas Lancaster, Emmett J. Cabanaw.

Statement December 30, 1939.
ASSETS

LIABILITIES

Loans and discounts ___________________ $1,259,725.27
United States Government obligations,
direct and guaranteed______ _____ ___
168,246.62
Obligations of States and political sub­
divisions ____ !________________________
287,714.26
Other bonds, notes, and debentures____
104,372.88
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
676,685.99
Bank premises owned __________________
47,016.38
Furniture and fixtures _________________
5,206.46
Real estate owned other than bank
premises _____________________________
8,604.81

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

-$2,557,572.67

and

c a p it a l

accounts

Demand deposits of individuals, partnerships, and corporations _____________ $433,396.97
Time deposits of individuals, partner­
ships, and corporations ____________ ___ 1,530,484.71
Deposits of States and political sub­
divisions ---------------342,192.83
Deposits of banks ____________ !_________
4,359.51
Other deposits (certified and officers'
checks, etc.) --------------------------------------24,821.04
Total deposits _______ :_____________ 2,335,255.06
Other liabilities ________________________
20,269.35
Capital accounts:
First preferred stock ____________ jl____
75,000.00
Common stock _______________________
75,000.00
Surplus --------------------------------------------40,000.00
Undivided profits ____________________
10,848.26
Reserves ------------------------------------------------1,200.00
Total

$2,557,572.67

195

STATE BANKS OF MICHIGAN
No. 331.
TH E RO CKFORD STATE BANK, ROCKFORD.
Organized December 9, 1905.
L. E. S e a r s , P resid en t;

F. W . P e t e r so n , J. H. P a r m e t e r , Vice P resid en ts; E. J. M u ir ,
C a sh ier; F. W . N a g e l , A ssistant Cashier.

D ir e c t o r s .— L. E. Sears, F. W . Peterson, J. H. Parmeter, E. J. Muir, F. W . Nagel.

Statement December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $68.41
overdrafts) __________________________ $166,002.54
United States Government obligations,
direct and guaranteed _______________
75,100.00
Obligations of States and political sub­
25,755.77
divisions ________________________ ,------Other bonds, notes, and debentures____
32,699.56
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
255,829.34
3,000.00
Bank premises owned __________________
Furniture and fixtures _________________
500.00

Demand deposits of individuals, partner­
ships, and corporations--------------------- $163,090.32
Time deposits of individuals, partner­
306,284.61
ships, and corporations ______________
Deposits of States and political sub­
divisions _____________________________
30,767.67
Other deposits (certified and officers’
checks, etc.) _________________________
714.05

Total

_______ _____ ________________

Total deposits ______________________
500,856.65
Other liabilities ________________________
3.06
Capital accounts:
Common stock _______________________
30,800.00
Surplus __________________________________ 13,000.00
Undivided profits ------------------------------14,227.50
Total

$558,887.21

______________________________

$558,887.21

No. 354.
THE PRESQUE ISLE COUNTY SAYINGS BANK, ROGERS CITY.
Organized December 5, 1906.
F. J. F i s c h , P resid en t; H. H. G i l p i n , Vice P resid en t; G eo . W . G r a m b a u , C ashier; J o h n S.
B l a s k y , A ssistant Cashier.
D ir e c t o r s .— Rudolph Dueltgen, Sr., F. J. Fisch, H. H. Gilpin, G. J. Kane, Joseph A. Valentin,
Clarence Mertz, C. A. Vogelheim, Louis Friedrich, J. P. Kinville.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $1.59
overdrafts) ____________________
$248,656.75
United States Government obligations,
direct and guaranteed ------------------------ 113,889.00
Obligations of States and political sub­
divisions _____________________________
88.319.00
Other bonds, notes, and debentures------129,730.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ________________
262,334.66
Bank premises owned _________________
13,215.00
Furniture and fixtures --------------------------3,155.00

Demand deposits of individuals, partner­
ships, and corporations --------------------- $282,655.76
Time deposits of individuals, partner­
ships, and corporations _____________
349,013.68
Deposits of States and political sub­
divisions _____________________________
78,116.78
Other deposits (certified and officers’
checks, etc.) _________________________
4,606.89

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$859,299.41

Total deposits _____________________
Capital accounts:
First preferred stock --------------------------Common stock ______________
Surplus ______________________________
Undivided profits ____________________
Total

______________________________

714,393.11
42,500.00
70,000.00
25,000.00
7,406.30
$859,299.41

196

STATE BANK ING DEPARTM EN T
No. 194.
TH E ROMEO SAYINGS BANK, ROMEO.
Organized April 20, 1897.

John

J.

B rew er,

P resid en t ;

H e n ry D. E ü m s e ï ,
D w i g h t S. S e a m a n ,

B er n ar d

F.

B er n s,

Vice

P resid en ts;

Cashier.

D ir e c t o r s .— John J. Brewer, Frederick P. Smith, Dwight S. Seaman, Harold H.
Henry D. Rumsey, Robert H . Lippincott, Charles L. Mack, Bernard F. Berns.

Gray,

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $173,678.06
United States Government obligations,
direct and guaranteed _______________
328,792.10
Obligations of States and political sub­
divisions -------------------------- ,___________
104,630.37
40,479.18
Other bonds, notes, and debentures ____
Corporate stocks (Including $2,050.00
Stock of Federal Reserve B a n k )______
2,050.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
269,854.67
Bank premises owned, including furniture
and fixtures ---------------------------------------25,000.00

Demand deposits of individuals, partner­
ships, and corporations ____ _ _____ $204,830.68
Time deposits of individuals, partner­
ships, and corporations _____________
520,561.37
Deposits of States and political sub­
divisions -----------122,821.81
Other deposits (certified and officers’
checks, etc.) _________________

Total

----------------------------------------------

Total deposits _____________
Capital accounts:
Common stock _______________________
Surplus ----------------------------------------------Undivided profits _____________________

$944,484.38

Total

----------------------------------------------

864,107.18
55,000.00
15,000.00
10,377.20
$944,484.38

No. 531.
THE ROMULUS STATE BANK, ROMULUS.
Organized January 23, 1913.
J a m e s A. C a r m ic h a e l , P resid en t; L eo D. R o a c h , Vice P resid en t; J a m e s R. T a y l o r , C ash ier;
V ir a D. P e t r a s k a , A ssistan t Cashier.
D ir e c t o r s .— James A. Carmichael, Albert McClaughry, George W . Moore, Richard Holland,
Leo D. Roach, James R. Taylor.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $.57 over­
drafts) ------------------------------------------------ $237,223.98
United States Government obligations,
direct and guaranteed _______________ _ 182,585.63
Obligations of States and political sub­
divisions _______
31,042.40
Other bonds, notes, and debentures____
51,850.59
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
122,280.06
Bank premises ow n ed ___________________
7,500.00
Furniture and fixtures _________________
2,000.00

Demand deposits of individuals, partner­
ships, and corporations I _____________ $149,954.54
Time deposits of individuals, partner­
ships, and corporations ______ ...__
402,016.52
Deposits of States and political sub­
divisions -------- _---------------------- ,_______
34,583.73
Other deposits (certified and officers’
checks, etc.) _________________________
316.86

Total

----------------------------------------------- $634,482.66


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits--------------------------------- 1__
586,871.65
Other liabilities ________________________
1,287.96
Capital accounts:
First preferred stock _________________
15,000.00
Common stock _______________________
25,000.00
Reserves ------------------------------------------------6,323.05
Total

----------------------------------------------- $634,482.66

15,893.32

197

STATE BANKS OF MICHIGAN
No. 371.
TH E ROSCOMMON STATE BANK, ROSCOMMON.
Organized May 2, 1907.

C h a r l e s H. D e W a e l e , P resid en t; L e s t e r J. R o yc Ej Vice P resid en t; E . C. M u n n , C ashier;
A r t h u r O s t l in g , A ssistant Cashier.
D ir e c t o r s .— Henry J. DeWaele, W . Clarence Smith, Lester J. Royce, Charles H. DeWaele,
Barnard Pierce.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $828.30
overdrafts) ___________________________ $203,689.05
United States Government obligations,
direct and guaranteed------------------------83,781.25
Obligations of States and political sub­
divisions ___________________________ —
19,664.32
Other bonds, notes, and debentures------51,416.40
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
59,896.51
Bank premises ow n ed ___________________
4,850.00
Furniture and fixtures _________________
1,173.27

Demand deposits of individuals, partner­
ships and corporations___________
$105,595.93
Time deposits of individuals, partner­
200,494.16
ships, and corporations _______
Deposits of States and political sub­
divisions — ----------------------------------------73,875.45
Other deposits (certified and officers’
checks, etc.) _________________________
5,414.02

Total

______________________________

Total deposits _____________________
Other liabilities __________ — --------------Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits _____________________
Total

$424,470.80

______________________________

385,379.56
1,045.25
25,000.00
5,000.00
8,045.99
$424,470.80

No. 589.
TH E ROSEBUSH STATE BANK, ROSEBUSH.
Organized November 7, 1916.
F lo yd T. M i t c h e l l , P re s id en t; J o h n P. H a u c k , D r . B. F. J o h n s t o n , H o m e r W . C a m p b e l l ,
Vice P resid en ts; R oy B. M a t t e s o n , C ash ier; E t h e l M. J o h n s t o n , A ssistan t Cashier.
D ir e c t o r s .— Floyd T. Mitchell, John P. Hauck, Dr. B. F. Johnston, Harry Hauck, Homer
W . Campbell, Roy B. Matteson.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts (including $104.30
overdrafts) ___________________________ $133,666.95
United States Government obligations,
direct and guaranteed ------------------------ 110,388.05
Obligations of States and political sub­
divisions _____________________________
12,354.83
Other bonds, notes, and debentures ------45,513.39
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
154,930.15
Bank premises owned __________________
3,500.00
Furniture and fixtures --------------------------2,000.00
Real estate owned other than bank
premises _____________________________
2,691.45
Other assets____________________________
3,865.65

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$468,910.47

Demand deposits of individuals, partner­
ships, and corporations --------Time deposits of individuals, partner­
ships, and corporations -----------------------Deposits of United States Government
(including postal savings) ------------------Deposits of States and political sub­
divisions _____________________________
Deposits of banks ______________________
Total deposits-------- -------------------------Other liabilities -------- -----------------------------Capital accounts:
First preferred stock ________________
Common s t o c k ___ ____________________
Surplus ______________________________
Undivided profits ------------------------------Total

$78,322.94
324,731.08
50.11
16,969.23
2,066.00
422,139.36
3,750.00
7,000.00
20,000.00
15,000.00
1,021.11
$468,910.47

198

STATE BANKING DEPARTM EN T
No. 777.
THE W AYNE OAKLAND BANK, ROYAL OAK.
Organized August 25, 1931.
Branch in Highland Park, Michigan.

A l e x J. G r o s e b e c k , P resid en t; H a r v e y C. E m e r y , E xecu tive Vice P resid en t; L ee - C. A b r a m s ,
Vice P resident and C ash ier; L a w r e n c e M. K e l l y , Vice P resident and Trust O fficer; A d o l p h
K l e in , J e s s e A. S n y d e r , E ugene H. S w a n , V ice P resid en ts; H ar old L e a c h , J o h n N.
P e t r o s k e y , A ssistan t V ice P resid en ts; A l b e r t F. F r a n k , G eorge W . J o n e s / J a m e s D.
O ’ C o n n e l l , A ssistan t C ash iers; L a u r ie r F. U t t l e y , A ssistant Trust Officer; W il l i a m A.
E u b a n k , Auditor.
D ir e c t o r s .— George R. Andrews, Howard A. Coffin, Harvey C. Emery, Alex J. Groesbeck, C. J.
Huddleston, W allace R. Middleton, Charles I. Norman, A. W . Sempliner, W illiam J. Sto’ren.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $71.14
overdrafts) ___________
$794,392.29
United States Government obligations,
direct and guaranteed ________________ 2,112,561.60
Obligations of States and political sub­
divisions --------------------------------------------35,151.06
45,321.34
Other bonds, notes, and debentures ____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________ 1,934,253.88
Bank premises owned __________________
47^500.00
Furniture and fixtures _________________
2l|l23.93
Other assets ___________________ ;_______
881.52

Demand deposits of individuals, partner­
ships, and corporations ______________ $1,964,046.41
Time deposits of individuals, partner­
ships, and corporations ______________ 1,982,504.82
Deposits of States and political sub­
divisions --------------------------------------------- 451,555.69
Other deposits (certified and officers’
checks, etc.) ------132,065.76

Total

Total d eposits_____ ________________ 4,530,172.68
Other liabilities ________________________
12,600.96
Capital accounts:
Common stock ------------------------------------ 300,000.00
Surplus — ------------------------------------------ 130,000.00
10,000.00
Undivided profits ______
Reserves --------------------------------------------8,411.98

------------------------------------- ,-------- $4,991,185.62

Total

---------------------------- ■
----------------- $4,991,185.62

No. 613.
TH E CITIZEN S STATE BANK OF RU DYARD, RU DYARD.
Organized March 25, 1918.
D. E. T u r n e r , P re s id en t; E. M. B a t d o r f f , Vice P resident and C a sh ier; L. D ale B a t d o r f f ,

A ssistant Cashier.
D ir e c t o r s .— N. L. Field, Jr., D. E. Turner, R. J. Forgrave, E. M. Batdorff, L. Dale Batdorff.

Statement December 30, 1939.
ASSETS
Loans and discounts (including $9.74
overdrafts) ------$139,850.88
United States Government obligations;
direct and guaranteed________________
31,974.38
Obligations of States and political sub­
11,129.42
divisions --------------------------------------------Other bonds, notes, and debentures____
9,975.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
24,984.69
Bank premises ow n ed __________________
3,666.00
Furniture and fixtures _________________
1,140.00
Real estate owned other than bank
prem ises----------- !---------------------------------550.00
Total

----------------------------------------------- $223,270.37


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
Demand deposits of individuals, partnerships, and corporations _______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions --------------------------------------------Total deposits ---------------------------------Other liabilities___ _______________
Capital accounts:
Common stock _____________________ ;_
Surplus ----------------------------------------------Undivided profits _____________________
Total

----------------------------------------------

$59,574.03
113,007.09
17,014.85
189,595.97
500.00
25,000.00
6,500.00
1,674.40
$223,270.37

199

STATE BANKS OF M ICHIGAN
No. 789.
SAGINAW STATE BANK, SAGINAW.
Organized September 10, 1934.
One Branch.
J.

M.

S h a c k l e t o n , P resid en t; L a w r e n c e H e y d r ic k , Vice P resid en t; E. E.
C ash ier; H . W . H o c h t h a n n e r , O sw a l d L i s t , A ssistant Cashiers.

Spec k h a r d ,

D ir e c t o r s .— Fred L. Crawford, James C. Graves, James M. Shackleton, Howard J. Stoddard,
H.
Randall Wickes, Lawrence Heydrick.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts ___________________ $3,795,096.77
United States Government obligations,
direct and guaranteed _______________ 1,469,774.02
Obligations of States and political sub­
divisions ______________________
440,211.85
Other bonds, notes, and debentures ____
108,777.74
Corporate stocks (Including $15,850.00
Stock of Federal Reserve Bank) ______
15,850.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________ 1,693,738.38
92,000.00
Bank premises ow n ed ___________________
Furniture and fixtures _________________
15,196.46
Other assets ___________________________
10,966.86

Demand deposits of individuals, partner­
ships and corporations _______________ $2,272,709.55
Time deposits of individuals, partner­
ships, and corporations _______________ 4,444,387.49
Deposits of States and political sub­
divisions _____________________________
134,320.24
Deposits of banks ,__________________________________ 144,074.49
Other deposits (certified and officers’
checks, etc.) _________________________
50,621.25
Total deposits______ ______________ — 7,046,113.02
10,969.54
Other liabilities _________ ______________
Capital accounts:
First preferredstock __________________
157,000.00
Common s to c k _____________________ ____ 200,000.00
Surplus ______________________________
150,000.00
Undivided profits _____________________
46,021.52
Reserves _____________________________
31,508.00
Total _______________________________ $7,641,612.08

Total _______________________________ $7,641,612.08

No. 390.
THE ST. CHARLES STATE BANK, ST. CHARLES.
Organized March 24, 1908.
C l a ir W

haley,

P resid en t; L y n n E. R o g e r s , V ice P resid en t; L. A. M u r p h y , Cashier.

D ir e c t o r s .— S. C. Sanderson, Clair W haley, Lloyd Crane, L. A. Murphy, Lynn E. Rogers,
Emerson Simons, Davinna Mertz.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $392,397.07
United States Government obligations,
direct and guaranteed ________________
34,000.00
Obligations of States and political sub­
divisions ---------------1,000.00
Other bonds, notes, and debentures------28,000.00
Corporate stocks (Including $1,500.00
Stock of Federal Reserve B a n k )______
1,500.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
proces of collection___________________
66,523.97
Bank premises owned __________________
6,000.00
2,000.00
Furniture and fixtures__________________
Real estate owned other than bank
premises _____________________________
1,135.05

Total _______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$532,556.09

Demand deposits of individuals, partner­
ships, and corporations_______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of United States Government
(including postal savings) -----------------Deposits of States and political sub­
divisions _____________
Deposits of banks ---------------------------------Other deposits (certified and officers’
checks, etc.) _________________________

$91,264.75
316,616.94
22,000.00
22,380.11
15,000.00
2,263.92

Total deposits ______________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits _____________________

469,525.72
5,272.35

T o t a l_________________________ _____

$532,556.09

25,000.00
25,000.00
7,758.02

200

STATE BANKING DEPARTM EN T
No. 29.

TH E COM MERCIAL & SAYINGS BANK OF ST. CLAIR, ST CLAIR.
Organized October 16, 1886.
F red W . M oore , Chairman o f the B o a rd ; R o ber t M. F a r r , P re s id en t; C h a r l e s I. N o r m a n ,
E xecu tive V ice P resid en t; F r a n k l in H . M oor e , Vice P resident and Trust Officer; A r t h u r
E. M a w , V ice P resid en t; C. H. F. A n d e r so n , C ash ier; G. G. S m i t h , A ssistant Cashier.
D ir e c t o r s .— E. Harry Recor, W alter S. Shaw, Fred W . Moore, Simon Gliem, Robert M. Farr,
John H. Schlinkert, Arthur E. Maw, Charles I. Norman.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $35.25
overdrafts) _______
$602,010.67
United States Government obligations,
direct and guaranteed_____ ___________
914,500.00
Obligations of States and political sub­
divisions ------------------------------- i._______
130,680.23
Corporate stocks
(Including $7,500.00
Stock of Federal Reserve B a n k )______
7,500.00
Cash, balances with other banks, Includ­
ing reserve balances, and cash items in
process of collection__________________ 1,196,144.91
Bank premises owned __________________
47,000.00
Furniture and fixtures__________________
5,230.00
Real estate owned other than bank
7,220.00
premises --------------------------------------------Other assets____________________________
1,069.86

Demand deposits of individuals, partnerships, and corporations
___ _______ $525,622.39
Time deposits of individuals, partner­
ships, and corporations___ __________ 1,613,368.11
Deposits of United States Government
(including postalsavings) ____________
236,178.10
Deposits of States and political sub­
divisions --------------------------------------------241,568.32
Deposits of b a n k s _______ ,______________
13,083.92
Other deposits (certified and officers’
checks, etc.) _________________________
7,386.61
Total deposits ______________________ 2,637,207.45
Capital accounts:
First preferred stock _________________
75,000.00
75,000.00
Common stock _______________________
Surplus ------------------------------------------ ___ 100,000.00
Undivided profits ____________________
23,210.72
937.50
Reserves _____________________________

Total ------------------------------------------------$2,911,355.67

T o t a l------------------------------------------------$2,911,355.67

No. 45.

TH E STATE BANK OF ST. JOHNS, ST. JOHNS.
Organized August 19, 1885.
A. E. W il s o n , P resid en t; R. G. C l a r k , A. G. J o n e s , V ice P resid en ts; L. W . W o l f , C ash ier;
E. A. T a l l m a d g e , A sa G il l s o n , A ssistant C ash iers; F. E ar l P a r k s , J r ., Auditor.
D ir e c t o r s .— A. E. W ilson, R. G. Clark, A. G. Jones, L. D. Parr, Edward W . Fehling, V. A.
Walker, G. G. Steel.

Statement December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $79.07
overdrafts) ______________________
$373,338.15
United States Government obligations,
direct and guaranteed ________________
243,454.42
Obligations of States and political sub­
divisions _____________________________
119,887.57
Other bonds, notes, and debentures____
84,359.92
Corporate stocks (Including $3,150.00
Stock of Federal Reserve Bank) _____
3,150.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
417,650.09
Bank premises o.wned __________________
20,000.00
Furniture and fixtures _________________
2,500.00
Real estate owned other than bank
premises _____________________________
9,042.35

Demand deposits of individuals, partnerships, and corporations
$340,502.08
Time deposits of individuals, partner733,151.99
Deposits of States and political sub64,086.59
Other deposits (certified and officers’
checks, etc.)
6,052.34

Total ------------------------------------------------$1,273,382.50


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits
Capital accounts:
First preferred stock
Surplus
Undivided profits
Total

1,143,793.00
40.000.
50.000.
15.000. 00
20,589.50
4,000.00
$1,273,382.50

00
00

STATE BANKS OF MICHIGAN

201

No. 781.
TH E PEOPLES STATE BANK OF ST. JOSEPH, ST. JOSEPH.
Organized January 4, 1932.
J o h n S. St u b b l e f ie l d , P resid en t; F r e d e r ic k S. U p t o n , B en K a s i s c h k e , Vice P resid en ts;
J. H . R e in k in o , C ash ier; B. R. M oor e , A ssistant Cashier.
D ir e c t o r s .— Stanley R. Banyon, Ben Kasischke, Eugene J. O ’Toole, J. H . Reinking, John
S.
Stubblefield, Frederick S. Upton.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $32.43
overdrafts) _____________
$278,616.50
United States Government obligations,
direct and guaranteed--------------1,702,250.62
Obligations of States and political sub­
divisions _____________________________
38,587.84
141,753.62
Other bonds, notes, and debentures------Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
562,649.24
40,487.00
Bank premises owned __________________
Furniture and fixtures _________________
7,088.11

Demand deposits of individuals, partner­
ships, and corporations ---------------------- $1,294,726.44
Time deposits of individuals, partner­
ships, and corporations______________
921,663.18
Deposits of United States Government
(including postal savings) ------------------13,372.36
Deposits of States and political sub­
307,157.37
divisions __________________________ —
Deposits of banks ---------------------------------3,000.00
Other deposits (certified and officers’
checks, e t c . ) ________________________
863.74
Total deposits________________ i -------- 2,540,783.09
Other liabilities ________________________
200.00
Capital accounts:
Common stock _______________________
110,000.00
30,000.00
Surplus ______________________________
Undivided profits ------------------------------30,577.01
Reserves _______________________
59,872.83
Total

.$2,771,432.93

______________________________ $2,771,432.93

No. 42.
TH E COM MERCIAL SAVINGS BANK OF ST. LOUIS, ST. LOUIS.
Organized November 25, 1889.
F. C. P e r n e r t , P resid en t; R a l p h L. G o gg in , F r a n c is L. O ’M e l ia , V ice P resid en ts; V ere E.
N u n n , C a sh ier; R ic h a r d T e r w il l ig e r , A ssistant Cashier.
D ir e c t o r s .— Vere E. Nunn, Francis L. O’Melia, F. C. Pernert, Ralph L. Goggin, Elmer Caywood, W alter V. Hess, Edward H. Yost, Fred Tryon, Martin Bebow.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $141.63
overdrafts) ____ ,--------------------------------- $388,377.53
United States Government obligations,
direct and guaranteed ------------------------221,040.18
Obligations of States and political sub­
divisions ______________ _______________
96,953.74
Other bonds, notes, and debentures------84,350.95
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
286,698.65
Bank premises owned ---------------------------12,250.00
Furniture and fixtures --------------------------2,500.00
Other assets -----------------------------------------794.08

Demand deposits of individuals, partner­
ships, and corporations ---------------------- $361,403.81
Time deposits of individuals, partner­
ships, and corporations ----------------:----485,414.38
Deposits of States and political sub­
divisions _____________________________
149,752.17
Other deposits (certified and officers’
checks, etc.) _________________________
11,071.66

Total _______________________________ $1,092,965.13

Total _______________________________ $1,092,965.13


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________ 1,007,642.02
Capital accounts:
First preferred stock ------------------------15,000.00
Common stock _______________________
50,000.00
Surplus ______________________________
15,000.00
Undivided p ro fits--------------------------------4,173.11
Reserves _____________________________
1,150.00

202

STATE BANKING DEPARTMENT
No. 265.
TH E CITIZEN S BANK OE SALINE, SALINE.
Organized October 20, 1902.

C. A. C u r t is s , P resid en t; M a r t in F u o s s , Vice P resid en t; H. A . H o l m e s , C ash ier; H. W .
K u e bler , A ssistant Cashier.
D ir e c t o r s .

C. A. Curtiss, B. D. Hammond, Martin Fuoss, W illiam S. Harwood, Arthur J.
Lutz, H. A . Holmes.

Statement December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $184.31
Demand deposits of individuals, partner­
overdrafts) ------$397,580.53
ships, and corporations_______________ $157,807.86
United States Government obligations,
Time deposits of individuals, partner­
direct and guaranteed _______________
198,880.35 •
ships, and corporations ______________
748,643.21
Obligations of States and political sub­
Deposits of States and political sub­
divisions --------------------------------------------90,942.53
divisions --------------------------------------------15,668.25
Other bonds, notes, and debentures ____
110,209.75
Deposits of b a n k s ________ ;_____________ ,
5,000.00
Cash, balances with other banks, includ­
Other deposits (certified and officers’
ing reserve balances, and cash items in
checks, etc.) --------------------------------------15,412.69
process of collection __________________
267,913.17
Bank premises owned __________________
12^000.00
Total d eposits______ :_______________
942,532.01
2^500.00
Furniture and fixtures__________________
Capital accounts:
Real estate owned other than bank
Common stock ______________________
50,000.00
premises --------------------------------------------19,700.00
Surplus ---------------------------------------------50’000.00
Other assets____________________________
2.00
Undivided profits ___________ ._________
57,196.32
Total ------------------------------------------------$1,099,728.33

Total ------------------------------------------------ $1,099,728.33

No. 395.
TH E SALINE SAYINGS BANK, SALINE.
Organized February 29, 1908.
L ee T e s c h e r , P resid en t; G eo . J. F e l d k a m p , 1st V ice P re s id en t; G. C. T o w n s e n d , 2nd Vice
P resid en t; A . R. B u r k h a r d t , C ash ier; C l a r e n c e E. C ook , A ssistant Cashier.
D ir e c t o r s .— George J. Feldkamp, F. O. Wiedman, Joseph Burkhardt, Lee Tescher, Alfred
Hertler, G. C. Townsend, A. R. Burkhardt.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $487.59
overdrafts) ---------------------------------------- $169,438.66
United States Government obligations,
direct and guaranteed ________________
13,900.00
Obligations of States and political sub­
divisions --------------------------------------90,825.00
Other bonds, notes, and debentures____
50,072.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
86,290.15
Bank premises owned _____________________ 11,000.00
Furniture and fixtures _________________
4,500.00

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$426,025.81

Demand deposits of individuals, partner­
ships, and corporations____________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub. divisions --------------Other deposits (certified and officers’
checks, etc.) ______________________

$83,033.20
278,570.41
15,397.76
870.00

Total deposits________ ______________ 377 871.37
Capital accounts:
First preferred stock ________________
20,000.00
Common stock -----------------------------------25,’ooo!oo
Undivided profits _______________________
3,154.44
Total

----------------------------------------------

$426,025.81

203

STATE BANKS OF M ICHIGAN
No. 231.
STATE BANK OF SANDUSKY, SANDUSKY.
Branch in Mariette, Michigan.
Organized May 9, 1901.

C h a r l e s J. O l e s o n , P resident ; J. H . H a n d s , Vice President ; W in f ie l d R. W il e y , Cashier ;
J o h n E . L o w e , A ssistant Cashier.
D ir e c t o r s .— Charles J. Oleson, R. W . McKenzie, John H. Hands, F. C. Ballard, K . H . McKenzie,
W . R. W iley, J. E. Lowe, Roy McDonald, R. A. McPherson.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $10.58
overdrafts) __________________________ $573,304.14
United States Government obligations,
direct and guaranteed ________________
313,457.50
Obligations of States and political sub­
divisions _____________________________
197,136.49
243,987.50
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
488,643.15
Bank premises owned _________________
21,500.00
Furniture and fixtures _________________
4,000.00
Real estate owned other than bank
premises __________________.__________
7,550.00
Other assets ___________________________
30.99

Demand deposits of individuals, partnersh;ps, and corporations _____________ $492,368.69
Time deposits of individuals, partner­
993,897.67
ships, and corporations _______
Deposits of United StatesGovernment
(including postal savings) ___________
1,387.93
Deposits of States andpolitical
sub­
divisions
174,499.99
Other deposits (certified and officers’
checks, etc.) _________________________
3,173.55

T o t a l_______________________________ $1,849,609.77

T o t a l_______________________________ $1,849,609.77

Total deposits _____________________ 1,665,327.83
Capital accounts:
First preferred s t o c k ___ :_____________
77,600.00
Common stock _______________________
40,000.00
Surplus ______________________________
25,000.00
24,781.94
Undivided profits ____________________
Reserves ____________________________
16,900.00

No. 350.
TH E F R U IT G ROW ERS STATE BANK OF SAUGATUCK, M ICHIGAN.
Organized September 3, 1906.
R. J. W a l k e r , P resid en t; G eo L. H o y , Vice P resid en t; L. R. B r a d y , C ashier; H . W . T i l l ,

A ssistant Cashier.
D ir e c t o r s .— R .

J.

Walker,

Ira

Koning,

Leon

Shepard,

Geo.

L.

Hoy, H .

H.

Van

Syckel.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $7.78
overdrafts) ___________________________ $206,051.57
United States Government obligations,
direct and guaranteed
______________
70,100.00
Obligations of States and political sub­
divisions ___________________
85,584.76
Other bonds, notes, anddebentures--------98,961.50
Corporate stocks (Including $2,000.00
Stock of Federal Reserve Bank) ---------2,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
124,430.80
Bank premises owned __________________
11,500.00
Furniture and fixtu res_________________
1,000.00

Demand deposits of individuals, partner­
ships, and corporations __________
$159,369.04
Time deposits of individuals, partner­
ships, and corporations ______________
323,142.26
Deposits of States and political sub­
divisions _____________________________
30,671.48
Deposits of banks ______________________
5,000.00
Other deposits ('certified and officers’
checks, etc.) _________________________
4,670.85

T o t a l_______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$599,628.63

Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________

522,853.63

T o t a l_______________ _______________

$599,628.63

60,000.00
6,000.00
10,775.00

204

STATE BANKING DEPARTM EN T
No. 269.
CENTRAL SAYINGS BANK, SAULT STE. M ARIE.
Organized November 11, 1902.

F r a n k P. Sur.zL.ivAN, P resid en tj A . W e s l e y C l a r k e , Vice P resident and C a sh ier; C h e s t e r
W . S w a r t , C a r l t o n L in d s t r o m , A ssistant Cashiers.
D ir e c t o r s .— R. P. Hudson, W . R. Cowan, Frank P. Sullivan, John R. Cullis, V. L. Lipsett,
A. Wesley Clarke, Joseph Maltas.

Statement December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $28.60
overdrafts) ------------------------------$384,595.41
United States Government obligations,
179,592.38
direct and guaranteed______
Obligations of States and political sub­
divisions --------------------------------------------- 281,862.10
198,672.28
Other bonds, notes, and debentures ____
Corporate stocks (Including $4,500.00
Stock of Federal Reserve Bank) ______
4,500.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
435,092.33
Bank premises owned __________________
50,800.00
Furniture and fixtures _________________
1,726.15
Real estate owned other than bank
1,680.11
premises ---------------------------------------------

Demand deposits of individuals, partner­
ships, and corporations __ ___
$505,553.22
Time deposits of individuals, partner­
773,755.96
ships, and corporations __________
Deposits of States and political sub­
divisions
------------------------------------------87,635.09
Other deposits (certified and officers’
checks, etc.) _________________________
5,342.50

Total

Total deposits ______________________ 1,372,286.77
Capital accounts:
Second preferred stock ______________
50,000.00
Common stock _______________________
60,000.00
Surplus ----------------------------------------------40,000.00
Undivided profits ____________________
16,233.99

---------------------------------------------- $1,538,520.76

Total

---------------------------------------------- $1,538,520.76

No. 54.
SAULT SAYINGS BANK, SAULT STE. M ARIE.
Organized November 20, 1886.
M. J. M agee , President and Chairman o f the B o a rd ; T h o m a s C h a n d l e r , F red K. S h a f e r ,
V ice P resid en ts; R. J. T u x w o r t h , C a sh ier; W m . T . B l a c k s t o c k , A ssistant Cashier.
D ir e c t o r s .— M. J. Magee, D. E. Murray, J. R. Merrifield, John P. Old, Fred K .
Robert C. Kline, Jr., Thomas Chandler, J. Alfred Burns.

Shafer,

Statement December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $15.92
overdrafts) ___________________________ $472,505.99
United States Government obligations,
241,795.00
direct and guaranteed —_ ________
Obligations of States and political sub­
divisions _________________
400,587.51
Other bonds, notes, anddebentures_____
334,877.18
Corporate stocks (Including $5,200.00
Stock of Federal ReserveBank) _______
5,200.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
386,694.48
Bank premises owned __________________
37,500.00
Furniture and fixtures _________________
4,000.00
Real estate owned other than bank
premises _____________________________
6,337.56
Other assets____________________________
446.29

Demand deposits of individuals, partner­
ships, and corporations . ___________ $442,157.05
Time deposits of individuals, partner­
ships, and corporations ______________ 1,074,349.04
Deposits of States and political sub­
98,482.71
divisions ----------------:__________________
Deposits of banks _____________________
50,021.57
Other deposits (certified and officers’
checks, etc.) _________________________
3,317.93

Total

------------------------------- -------------- $1,889,944.01


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________ 1,668,328.30
Capital accounts:
First preferred stock ________________
14,000.00
Second preferred stock _______________
75,000.00
Common stock _________
20,000.00
Surplus ----------------------------------------------63,000.00
Undivided p ro fits _____________________
48,115.71
Reserves --------------------------------------------1,500.00
Total

-------------- ■
.------------------------------- $1,889,944.01

205

STATE BANKS OF M ICHIGAN
No. 407.
TH E KALAM AZOO COUNTY STATE BANK OF SCHOOLCRAFT,
M ICHIGAN.
Organized August 17, 1908.

E l l i s S t r a u b , President ; C h a r l e s L. H a c k e n b u r g , Vice P resid en t; W . H . A n g e l l , Cashier;
L. M. A n g e l l , A ssistant Cashier.
D ir e c t o r s .— W . E. Eldridge, Ellis Straub, R. S. Harter, C. L. Hackenburg, M. E. Harvey.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Lonas and discounts (including $88.15
overdrafts) ______________________
$250,708.19
United States Government obligations,
direct and guaranteed ________________
30,057.81
Obligations of States and political sub­
divisions -----------------14,052.85
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_________________
69,479.20
Bank premises owned ---------------------------1,350.00
Furniture and fixtures _________________
850.00

Total

______________________________

Demand deposits of individuals, partner­
ships, and corporations ---------------------Time deposits of individuals, partner­
ships, and corporations ------------------—
Deposits of States and political sub­
divisions ----- --------------------------------------Deposits of banks ---------------------------------Other deposits (certified and" officers’
checks, etc.) _________________________
Total deposits _______________________
Other liabilities ________________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Surplus ______________________________
Undivided profits — -------------------------Reserves _____________________________
T o t a l _.___=.________________________

$366,498.05

$95,352.30
162,941.15
47,340.14
5,000.00
4,907.88
315,541.47
7,360.44
10,000.00
20,000.00
7,000.00
44.64
6,551.50
$366,498.05

No. 204.
STATE SAVINGS BANK OF SCOTTVILLE, SCOTTVILLE.
Branch in Walkerville, Michigan.
Organized June 30, 1898.
R

J S m i t h President and Chairman o f the B oard; H. W . M cP h a i l , Vice P resid en t; J. T.
O ’ H e a r n , C ash ier; A. L. F u r lon g , I. J. E ddy , R u t h A. L u n d q u is t , A ssistant Cashiers.

D ir e c t o r s .— H. W . McPhail, R. J. Smith, J. T. O’Hearn, C. M. Spencer, Rupert Stephens,
N.
V. McPherson, L. M attix, G. M. Mack, F. J. Reader, Jr.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $957.24
overdrafts) ------------------------------------------ $646,016.04
United States Government obligations,
direct and guaranteed ------------------------ 151,721.50
Obligations of States and political sub­
8,945.35
divisions —-----------------------------------------1,040.00
Other bonds, notes, and debentures------Cash, balances with other banks, includ­
ing reserve balances, and cash items in
95,949.45
process of collection ---------- —------------29,878.42
Bank premises ow n e d ---------------------------1 , 000.00
Furniture and fixtures ------------------------—

Demand deposits of individuals, partner­
ships, and corporations ---------------------- $205,923.41
Time deposits of individuals, partner­
ships, and corporations ---------------------573,791.47
Deposits of States and political sub­
divisions --------------------------------------------53,634.33
Deposits of banks --------------------2,558.29
Other deposits (certified and officers’
checks, etc.) --------------------------------------7,667.84

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$934,550.76

Total deposits _____________________
Capital accounts:
Common s to c k ------------------------------------Surplus ---Undivided p ro fits --------------------------------Total

843,575.34
50,000.00
18,000.00
22,975.42
$934,550.76

206

STATE BANKING D EPARTM ENT
No. 628.

FARM ERS & MERCHANTS STATE BANK OF SEBEW AING, MICHIGAN.
Organized February 20, 1919.
G o dfr ied

G e t t e l , Chairman

o f the B o a rd ; J o h n R d m m e l , P resid en t; A . G. L i s t , Vice
P resident and C ash ier; W a l t e r P . H a h n , A ssistant Cashier.

D ir e c t o r s .— Godfried

Gettel,

Gustav Reinhold, John Rummel,
W alter P. Hahn, J. E. Wurm.

L.

H.

Denner,

A.

G.

List,

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $31.36
overdrafts) ------------------------------------------ $562,026.39
United States Government obligations,
direct and guaranteed________________
45,650.00
Obligations of States and political sub­
divisions --------------------------------------------64,898.21
Other bonds, notes, anddebentures ____
42,125.00
Corporate stocks
(Including $3,150.00
Stock of Federal Reserve Bank) ______
3,150.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
233,738.51
Bank premises owned __________________
10^500.00
Furniture and fixtures _________________
4’ooOMO

Demand deposits of individuals, partner­
ships, and corporations ______________ $222,470.87
Time deposits of individuals, partner­
ships, and corporations_______________
591,972.16
Deposits of States and political sub­
divisions --------------------------------------------27,449.90
Other deposits (certified and officers’
checks, etc.) --------------------------------------2,880.54

Total

Total deposits ______________________
Capital accounts:
Common stock ___________________
Surplus ----------------------------------------------Undivided p ro fits _____________________

------------------------1--------------------- $966,088.11

Total

844,773.47
50,000.00
55,000.00
16,314.64

------------------— ------------------------ $966,088.11

No. 779.
THE SHELBY STATE BANK, SHELBY.
Organized October 26, 1931.
V. E.

C oorE R, P resident and Chairman of the B o a rd ; R. R. R o y a l , T h o m a s
P resid en ts; O. M. O l s e n , Cashier.

R ead , Vice

D ir e c t o r s .— V . E. Cooper, A. J. Rankin, C. I. Atwater, R. R. Royal, B. O. Kelly, J. A.
Harrison, O. M. Olsen, H . K. Royal, T. T. Spellman.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ____________________ $160,081.81
United States Government obligations,
direct and guaranteed _______________
205,846.42
Obligation of States and political sub­
divisions --------------------------------------------- 104,593.41
Other bonds, notes, and debentures_____
113,074.88
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
90,986.87
Bank premises owned ___________
3,400.00

Demand deposits of individuals, partner­
ships, and corporations_______________ $195,171.99
Time deposits of individuals, partner­
ships, and corporations_______________
343,891.52
Deposits of United States Government
(including postal savings) _________
20,000.00
Deposits of States and political sub­
divisions _____________________________
56,159.45
Other deposits (certified and officers’
checks, etc.) ---------------------1,892.48
Total deposits ______________________
Capital accounts:
Common s t o c k ----- -----------------------------Surplus ----------------------------------------------Undivided p ro fits _____________________

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$677,983.39

Total

617,115.44
25,000 00
25,000.00
10,867.95
$677,983.39

207

STATE BANKS OF MICHIGAN
No. 398.
CENTRAL STATE SAYINGS BANK, SHEPHERD.
Organized May 2, 1908.

J. L. U p t o n , P resident ; B er t G r e e n , 1st Vice P resid en t; C. R. C o n v e r se , 2nd Vice P resid en t;
J e s s e H. G r a h a m , Cashier; L ee B in k l e y , A ssistant Cashier.
D ir e c t o r s .— J. L. Upton, C. R. Converse, Bert Green,

Jesse H .

Graham,

W.

A.

Parker.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts (including $288.48
overdrafts) __________________________ $135,740.75
United States Government obligations,
direct and guaranteed _______________
78,825.00
Obligations of States and political sub­
divisions _____________________
13,308.40
Other bonds, notes, and debentures____
19,855.99
Cash, balances with other banks, Includ­
ing reserve balances, and cash items in
54,377.92
process of collection__________________
Bank premises owned __________________
2,300.00
Furniture and fixtures__________________
2,000.00
Real estate owned other than bank
700.00
premises _____________________________
Other assets ___________________________
1,909.11
Total

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of United States Government
(including postal savings) ____________
Deposits of States and political sub­
divisions _____________________________
Total deposits______________________
Capital accounts:
First preferred stock ________________
Common stock ________________ .______
Surplus _____________________________
Undivided p ro fits_____________________
Reserves _____________________________
Total

_______________________________ $309,017.17

______________________________

$48,731.74
178,577.50
572.64
39,446.01
267,327.89
14,250.00
20,000.00
750.00
4,877.68
1,811.60
$309,017.17

No. 175.
COMMERCIAL STATE BANK OF SHEPHERD, SHEPHERD.
Organized December 4, 1894.
C lau de

H.

E stee,

P resid en t;

O. H. A d a m s , C h a r l e s S p e c h t , Vice
R o s s e l it , Cashier; H . A. C l a r k , A ssistant Cashier.

D ir e c t o r s .— Claude H . Estee, O. H . Adams, R. E. Adams, Chas.
Nora D. Estee.

P resid en ts;

H.

E.

Specht, H. E. Rosselit,

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $106.79
overdrafts) ------------------------------------------ $115,722.29
United States Government obligations,
direct and guaranteed________________
35,006.26
Obligations of States and political sub­
divisions _____ 1_______________________
7,913.70
Other bonds, notes, and debentures ------1,990.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
219,590.51
Bank premises owned __________________
9,500.00
Furniture and fixtures --------------------------2,567.60

Total

___________________ __________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$392,290.36

Demand deposits of individuals, partner­
ships, and corporations ---------------------Time deposits of individuals, partner­
ships, and corporations____________ _—
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Capital accounts:
First preferred stock _________________
Common s to c k ________________________
Surplus ______________________________
Undivided profits ____________________
Reserves_____ _________________________
Total

______________________________

$48,362.05
268,847.41
25,706.52
121.13
343,037.11
5,000.00
25,000.00
10,000.00
8,828.25
425.00
$392,290.36

208

STATE BANKING DEPARTM EN T
No. 148.

TH E CITIZEN S STATE BANK OP SOUTH HAVEN, SOUTH HAVEN.
Organized November 3, 1892.
W . A . R a t c l if f e , P resid en t ; J acob N if f e n e g g e r , F . C. C o g s h a l l , V ice P resid en ts ; C. E.
D il l e y , C ash ier; F . W . R a d t k e , J. R. M a lb o n e , A ssistan t C ash iers; M ar y M il d e r , Auditor.
D ir e c t o r s .— W . A . Ratcliffe, F. C. Cogshall, E . D. Lyman, C. F. Overton, A. G.
Jacob Niffenegger, C. E. Dilley.

Spencer,

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (Including $29.47
overdrafts) -----------------------------$526,425.89
United States Government obligations,
directed and guaranteed ________ :___
674,225.00
Obligations of States and political sub­
divisions — ---------------------------------------94,562.50
Other bonds, notes, anddebentures____
91,729.15
Corporate stocks
(Including $6,000.00
Stock of Federal Reserve B a n k )_____
6,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_________ ________
623,464.95
4,646.58
Furniture and fixtures__________________
Real estate owned other than bank
premises --------------------------------------------35,007.42
Other assets ____________________ .___ .___
1,442.60

Demand deposits of individuals, partner­
ships, and corporations_______________ $636,820.80
Time deposits of individuals, partner­
921,155.01
ships, and corporations
_ _________
Deposits of States and political sub­
divisions -----221,613.62
Other deposits (certified and officers’
checks, etc.)---------------------------------------------- 57,881.56
Total deposits --------------------------------- $1,837,470.99
Other liabilities _________
3,340.40
Capital accounts:
Common stock -----------------------------------100,000.00
Surplus ----------------------------------------------- 100,000.00
Undivided profits ____________________
16,692.70

T o t a l------------------------------------------------ $2,057,504.09

Total

---------------------------------------------- $2,057,504.09

No. 71.

TH E F IR S T STATE BANK OF SOUTH HAVEN, SOUTH HAVEN.
Organized October 12, 1889.
A r t h u r D. M oore ,, P resid en t; V olneiy R o s s , T h e o . C. T ie d e b o h l , J r ., Vice P resid en ts; R . B.
V an H a a f t e n , C a sh ier; F r a n c e s P. K e t c h a m , R o bert G. L e e v e r , A ssistant Cashiers.
D ir e c t o r s .— C. O. Monroe, Chas. J. Monroe, II. A. W illiam s, Theo. C. Tiedebohl, Jr., Volney
Ross, J. E. Burge, Arthur D. Moore, H . S. McGuire.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts _____________
$242,869.81
United States Government obligations,
direct and guaranteed_________________
185,215.50
Obligations of States and political sub­
divisions ________
116,687.32
Other bonds, notes, and debentures_____
35,161.00
Corporate stocks (Including $2,400.00
Stock of Federal Reserve Bank_______
2,400.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection____________
454,812.44
Bank premises owned _________________
40,000.00
Furniture and fixtures _________________
9,089.97
Real estate owned other than bank
premises __________________________
1,534.13
Other assets____________________________
1,062.07

Demand deposits of individuals, partner­
ships, and corporations______________ $437,777.36
Time deposits of individuals, partner­
ships, and corporations_______________ 446,806.10
Deposits of States and political sub­
divisions --------------------------------------------108,847.98
Other deposits (certified and officers’
checks, etc.) -----------------------1,681.33
Total deposits --------------------------------- $995,112.77
Other liabilities ________________________
1,107.00
Capital accounts:
Common stock _______________________
75,000.00
Surplus ----------------------------------------------5,000.00
Undivided profits ____________________
11,359.48
Reserves --------------------------------------------1,252.99

T o t a l------------------------------------------------$1,088,832.24

Total ------------------------------------------------$1,088,832.24


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

STATE BANKS OF M ICHIGAN

209

No. 306.
THE STATE SAYINGS BANK OF SOUTH LYON, M ICHIGAN.
Organized March 23, 1905.
G. A. S h e a r , P resid en t; J. H. S a y r e , Vice P resid en t; R. J. S m i t h , C ash ier; A. L. L u k s c h e ,

A ssistant Cashier.
D ir e c t o r s .— J. H. Sayre, R. J. Smith, George A. Shear, W m , A. Kalmbach, A. L. Luksche,
Henry Hopp, Harry Long.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $238,551.76
United States Government obligations,
107,145.04
direct and guaranteed________________
Obligations of States and political sub­
divisions _____________________________
22,506.54
Other bonds, notes, and debentures____
47,429.68
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
119,532.43
Bank premises owned _________________
5,600.00

Demand deposits of individuals, partner­
ships, and corporations _____________ $155,782.93
Time deposits of individuals, partner­
ships, and corporations ______________ 307,043.87
Deposits of States and political sub­
25,469.02
divisions _______
Other deposits (certified and officers’
checks, etc.) ___________________
3,308.35

Total ------------------- ,----------------------------

Total deposits ______________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ________________
Reserves _____________________________

491,604.17
4,426.30

Total _______________________________

$540,765.45

$540,765.45

25,000.00
8,500.00
6,338.44
4,896.54

No. 278.
SOUTH RANGE STATE BANK, SOUTH RANGE.
Organized June 27, 1903.
W . H. S c h a c h t , Chairman o f the B oa rd ; F. A. J eb' f e r s , P resid en t; H. A. K e l l o w , E xecu tive
Vice President and C ash ier; G. D. M il l e r , A ssistant Cashier.
D ir e c t o r s .— E. W . Kruka, W . H . Schacht, L. J. Braun, F. A. Jeffers, H . A. Kellow, G. C.
Edwards, A. M. Santori.

Statement December 30, 1939.
ASSETS
Loans and discounts____________________
United States Government obligations,
direct and guaranteed ______
Obligations of States and political sub­
divisions _____________________________
Other bonds, notes, and debentures____
Corporate stocks (Including $1,230.00
Stock of Federal Reserve Bank) _____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
Bank premises owned __________________
Furniture and fixtures _________________

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
$83,235.87
133,754.26
6,858.96
114,574.85
1,230.00
119,487.15
5,850.00
750.00

$465,741.09

Demand deposits of individuals, partner­
ships, and corporations __ ___ ______ _
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers'
checks, etc.) _______________________ __

$93,425.67
302,318.32
22,638.98
285.45

Total deposits ______________________
418,668.42
Other liabilities ________________________
412.65
Capital accounts:
Common stock ___________________________ 26,000.00
Surplus ______________________________
15,000.00
Undivided profits ____________________
4,563.82
Reserves _____________________________
1,096.20
Total

______________________________

$465,741.09

STATE BANKING D EPARTM EN T

210

No. 488.
TH E PEOPLES STATE BANK OF SPARTA, SPARTA.
Organized December 3, 1910.
A lbert

A. A n d e r so n , P resid en t; C h a s . E. G il s o n , C o r n e l iu s G e r ber , Vice
L . A . A n d e r so n , C a sh ier; C. G. D a h l i n , A ssistant Cashier.

D ir e c t o r s .— Albert A. Anderson, Cornelius Gerber, Chas. E. Gilson, Emory
Albert H . Meeker, Geo. W . Dunn, Philip Klenk.

P residents ;

G. Anderson,

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $4.89
overdrafts) ___________________________
United States Government obligations,
direct and guaranteed _______________
Obligations of States and political sub­
divisions ___________ :_____ ____________
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _______________ ____
Bank premises owned __________________
Furniture and fixtures _________________

Total

$60,929.01
71,250.00
11,800.00
48,796.07
6,580.00
2,000.00

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers'
checks, etc.) _____________________
Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________

----------------------------------------------- $201,355.08

Total

______________________________

$46,043.92
92,231.86
29,328.21
266.15
167,870.14
25,000.00
4,000.00
3,789.73
695.21
$201,355.08

No. 207.
SPARTA STATE BANK, SPARTA.
Organized August 27, 1898.
A ugust A .

J o h n s o n , P re s id en t; W il l i a m L a u f f e r , V ice P re s id en t; A .
C a sh ier; I v a r F . J o h n s o n , A ssistant Cashier.

D ir e c t o r s .— Chas. A . Johnson, A. A. Johnson, O. N. Bradford, W m .
Carlson, Henry K raft, T. E. M cFall, Fred K . Clark.

B arth
Lauffer,

Ca r l s o n ,
A.

Barth

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $10.49
overdrafts) ___________________________ $326,046.09
United States Government obligations,
direct and guaranteed _______________
35,796.10
Obligations of States and political sub­
divisions _____________________________
80,068.86
Other bonds, notes, and debentures____
35,376.60
Corporate stocks
(Including $1,500.00
Stock of Federal Reserve B a n k )______
1,500.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
139,873.22
Bank premises owned _______________
7,680.00
Furniture and fixtures _________________
1,541.10
Other assets _____________________ ______
14.45

Demand deposits of individuals, partner­
ships, and corporations_______________ $180,916.14
Time deposits of individuals, partner­
ships, and corporations_______________
361,926.28
Deposits of States and political sub­
divisions _____________________________
17,138.42
Other deposits (certified and officers’
checks, etc.) _________________________
1,010.05

Total

_________ ____________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$627,896.42

Total deposits________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________
Total

______________________________

560,990.89
30,000.00
22,000.00
11,905.53
3,000.00
$627,896.42

211

STATE BANKS OF MICHIGAN
N o. 543.

TH E SPRING LAKE STATE BANK, SPRING LAKE.
Organized November 15, 1913.
P aul

F.

M a r k o f f , P resid en t; P a u l B. M a r k o f f , G eo . S. C h r is t m a n , Vice
F r a n k S c h o l t e n , C ash ier; Cl a y t o n N e e d h a m , A ssistant Cashier.

P resid en ts;

D ir e c t o r s .— Paul F. Markoff, Frank Scliolten, George S. Christman, Paul B. Markoff, Herman
A. Kruizenga, Clarence P. Markoff.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $121.27
overdrafts) _____________
$500,567.61
United States Government obligations,
direct and guaranteed________________
61,175.00
Obligation of States and political sub­
divisions _____________________________
15,626.69
Other bonds, notes, anddebentures_____
62,364.04
Corporate stocks (Including $2,700.00
Stock of Federal Reserve Bank) ______
2,700.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
199,868.61
1.00
Bank premises owned __________________ :
Furniture and fixtures _________________
1.00
Real estate owned other than bank
premises _____________________________
2,466.44

Demand deposits of individuals, partner­
ships, and corporations ______________ $133,615.79
Time deposits of individuals, partner­
ships, and corporations ______________ 562,946.75
Deposits of States and political sub­
31,711.51
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _______
2,699.29

T o t a l ------------------------------------------------

Total deposits ______________________
730,973.34
Other liabilities ________________________
5,532.22
Capital accounts:
First preferred s t o c k ___________________
15,000.00
25,000.00
Common s to c k __________________________
Surplus ______________________________
50,0000.00
Undivided profits ______________________
18,264.83

$844,770.39

T o t a l_______________________________

$844,770.39

No. 404.

THE SPRINGPORT STATE SAYINGS BANK, SPRINGPORT.
Organized February 6, 1908.
A l l e n C r a w f o r d , J r ., P resid en t; L e s t e r P. H o ag , Vice P resid en t; W ard W . H e d l e y , C ash ier;
A r t h u r G. H e is l e r , A ssistant Cashier.
D ir e c t o r s .— Allen

Crawford, Jr., Lester P. Hoag, W ard W . Hedley, Earl C.
A r t h u r G. H e is l e r , W illiam R. Pierce.

Wellington,

Statement December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $.71 over­
drafts) _______________________________ $126,554.03
United States Government obligations,
direct and guaranteed _______________
47,500.00
Obligations of States and political sub­
divisions ____________
45,778.14
Corporate
stocks
(Including $1,000.00
Stock of Federal Reserve Bank) _____
1,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
83,658.29
Bank premises owned __________________
3,700.00
Furniture and fixtures _________________
1,636.00

Total

_______________ ____ _________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$309,826.46

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of United States Government
(including postal savings) ____________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Other liabilities ________________________
Capital account?:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Total

______________________________

$65,974.11
186,494.14
1,057.26
18,317.81
1,360.64
273,203.96
783.73
25,000.00
7,600.00
3,238.77
$309,826.46

STATE BANKING D EPARTM ENT

212

No. 539.

TH E COMMERCIAL BANK OF STAMBAUGH, STAMBAUGH.
Branch in Caspian, Michigan.
Organized August 14, 1913.
C h a s . A. N e l s o n , P resid en t; H e n ry G. H oover , Vice P resid en t; F. J. D a w s o n , C ashier;
M er le M. S w a n s o n , A ssistant Cashier.
D ir e c t o r s .— Chas. A . Nelson, Henry G. Hoover, F. J. Dawson, Frank C. Kemp, Oscar Renberg.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $4.35
overdrafts) -----------$196,672.36
United States Governmentobligations,
81,740.63
direct and guaranteed ------------------- —
Obligations of States and political sub­
divisions _____________________________
15,128.74
Other bonds, notes, and debentures __ __
15,736.01
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of co lle ctio n ___ ______________
126,544.94
Bank premises ow n ed_____ ______________
10,000.00

Demand deposits of individuals, partner­
$103,765.19
ships, and corporations ____________
Time deposits of individuals, partner­
ships, and corporations ______________
185,633.89
Deposits of United States Government
(including postal savings) __ --------------26,300.69
Deposits of States and political sub­
divisions ---------—
65,846.01
Other deposits (certified and officers’
checks, etc.) ____________ r-----------------2,654.35

Total _______________________________

Total deposits _____________________
Capital accounts:
Common stock _______________________
Surplus _________________ :------------------Undivided profits --------------Reserves _____________________________

384,200.13

Total _______________________________

$445,822.68

$445,822.68

50,000.00
7,500.00
2,630.67
1,491.88

No. 279.
STATE BANK OP STANDISH, STANDISH.
Organized August 21, 1903.
R oy J. C r and e l l , P resident and Chairman of the B oa rd ; J o h n J. G w is d a l a , V ice P resid en t;
C o u lso n B l a ir , C ash ier; F lo r e n c e L a B ar ge , A ssistant Cashier.
D ir e c t o r s .— Roy J. Crandell, W . A . Forsythe, John J. Gwisdala, Harry M. Myers, F. E.
Perlberg, Coulson Blair.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ------------------------------ $332,711.75
United States Governmentobligations,
direct and guaranteed ---------------------—
28,785.00
Obligations of States and political sub­
divisions _____________________________
73,000.00
Other bonds, notes, and debentures------14,640.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection — ,-------------------285,859.45
Bank premises owned ---------------------------4,000.00
Furniture and fixtures --------------------------500.00
Other assets -----------------------------------------4,457.41

Demand deposits of individuals, partner­
ships, and corporations
— $145,544.25
Time deposits of individuals, partner­
ships, and corporations
_
464,232.46
Deposits of States and political sub­
divisions ----------------------------------------- —
59,124.52
Other deposits (certified and officers’
checks, etc.) --------------------------------------910.83

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$743,953.61

Total deposits ______________
Capital accounts:
Common stock _______________________
Surplus ____ ___________?______________
Undivided profits ____________________
Reserves _____________________________
Total

______________________________

669,812.06
30,000.00
25,000.00
8,141.55
11,000.00
$743,953.61

STATE BANKS OF M ICHIGAN

213

No. 243.

STATE SAYINGS BANK, STANTON.
Organized July 11, 1901.
E lm er

S. S t e b b in s , P resid en t; H. M u l h o l l a n d , Vice P re s id en t; D. J.
M ar g a r e t W is n e r , A ssistant Cashier.

S t a r k s , C ash ier;

D ir e c t o r s .-— Elmer S. Stebbins, H. Mulholland, Arthur Smith, D. J. Starks, Delos P. Baker.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $.88 over­
drafts) ----------------------------------------$197,340.63
United States Government obligations,
direct and guaranteed______
32,530.00
Obligations of States and political sub­
divisions ______________
64,768.83
Other bonds, notes, and debentures____
30,921.67
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _______ 1_________
176,947.03
Bank premises owned _________________
2,800.00
Furniture and fixtures _________________
900.00
Other assets______________________
78.58

Demand deposits of individuals, partner­
ships, and corporations _ _ ___________ $133,619.45
Time deposits of individuals, partner­
ships, and corporations__ ___________
247,845.92
Deposits of States and political sub­
divisions _____________________________
68,042.44
5,000.00
Deposits of banks ______________________
Other deposits (certified and officers’
checks, etc.) _________________________
1,744.20

Total

Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________
Reserves _____________________________

----------------------------------------------- $506,286.74

Total

456,252.01
25,000.00
15,000.00
3,094.42
6,940.31

_____________________________ $506,286.74

No. 623.
THE STANWOOD STATE SAYINGS BANK, STANWOOD.
Organized August 12, 1918.
A. A. W o r c e st e r , P resid en t; L oren B. H a n c h e t t , Vice P resid en t ; E it e l II. K ie b o w , Cashier.
D irectors .— E. H . Riebow, A. A. Worcester, M. H. Latimer, Maud Haist, Loren B. Hanchett.

Statement December 30, 1939.
ASSETS
Loans and discounts (including $24.33
overdrafts) __________________________
United States Government obligations,
direct and guaranteed _______________
Obligations of States and political sub­
divisions _____________________________
Other bonds, notes, and debentures------Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
Bank premises ow n ed ___________________
Furniture and fixtu res___ _____________

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
$88,459.24
5,000.00
14,000.00
10,481.75
35,622.92
4,000.00
1,000.00

$158,563.91

Demand deposits of individuals, partner­
ships, and corporations
____
Time deposits of individuals, partner­
ships, and corporations _______________
Deposits of States and political sub­
divisions _________
Other deposits (certified and officers’
checks, etc.) _________________________

$19,555.79
70,946.34
27,287.48
835.02

Total deposits ______________________
Other liabilities ________________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Surplus _________
Undivided p ro fits ____________
Reserves _____________________________

118,624.63
232.04

----------------------------------------------

$158,563.91

Total

9,400.00
25,000.00
1,500.00
1,742.74
2,064.50

214

STATE BANKING D EPARTM ENT
No. 270.
BANK OF STEPHENSON, STEPHENSON.
Organized November 8, 1902.

E d w a r d S a w b r id g e , P resid en t ; W m . B. W in t e r , Vice P resid en t ; M arcell . A . N ad ea u , C ashier;
H e r b e r t W . C o r e y , A ssistant Cashier.
D ir e c t o r s .— Edward Sawbridge, W m . B. W inter, Marcell A. Nadeau, Arvid Johnson, Chas.
Peterson, Albert Kipfer, Joseph Kralovetz.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $41.30
overdrafts) ___________________________ $199,922.89
United States Government obligations,
direct and guaranteed ________________
43,609.86
Obligations of States and political sub­
27,717.93
divisions _______
Other bonds, notes, and debentures____
23,894.44
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
100,643.24
Bank premises owned __________________
3,552.10
Furniture and fixtures__________________
1,285.22
203.06
Other assets _______

Demand deposits of individuals, partnerships, and corporations _______________ $107,651.81
Time deposits of individuals, partner­
ships, and corporations ______________
206,568.71
Deposits of States and political sub­
29,085.32
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
2,467.22
Total deposits _________________ ,____
Capital accounts:
Common s to c k ________________________
Undivided profits _____________________
Reserves ______________ ____________ :_

T o t a l-------------------------------------------- L. $400,828.74

T o t a l________ - _____________________

345,773.06
50,000.00
1,356.12
3,699.56
$400,828.74

No. 392.
TH E STOCKBRID GE STATE BANK, STOCKBRIDGE.
Organized January 11, 1908.
W . J. D a n c e r , P re s id en t; C h a s . A. S t e p h e n s , Vice P resid en t; P a u l C. D a n c e r , C ash ier;
A m b r o se B r a dy , A ssistant Cashier.
D ir e c t o r s .— W . J. Dancer, Paul C. Dancer, Chas. A. Stephens, F. M. Bowdish, W illiam G.
Dancer, John J. Farmer, J. H . Dancer.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $98.44
overdrafts) ___________________________ $241,858.90
United States Government obligations,
direct and guaranteed _______
69,300.88
Obligations of States and political sub­
divisions _____________________________
52,375.19
Other bonds, notes, and debentures____
106,088.25
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection______
259,748.06
Bank premises owned __________________
3,110.00
Furniture and fixtures__________________
1,813.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $251,798.53
Time deposits of individuals, partner­
ships, and corporations_____________
381,987.20
Deposits of States and political sub­
divisions _________________
25,670.06
Other deposits (certified and officers’
checks, etc.) _________________________
426.61

T o t a l______________________ !________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$734,294.28

Total deposits _____________________
Capital accounts:
Common stock _______________________
Surplus ___
Undivided p ro fits_____________________
Reserves _____________________________

659,882.40
30,000.00
30,000.00
8,411.88
6,000.00

T o t a l------------------------------------------------ $734,294.28

STATE BANKS OF M ICHIGAN

215

No. 792.
TH E CITIZEN S STATE BANK, STURGIS.
Organized January 16, 1935.
E. C. W r ig h t , President and Chairman o f the B o a rd ; B. P. T ag g art , Vice P resident and
C ash ier; O. J. K e e s l a r , A ssistant C a sh ier; F . C. M il l e r , Trust Officer.
D ir e c t o r s .— H. E. Beadle, D. M. Kane, J. N. Kirsch, C. L. Spence, B. P. Taggart, T. H.
Van Buren, J. G. Van Horn, E. C. W right.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $14.81
overdrafts) __________________________ $888,447.19
United States Government obligations,
direct and guaranteed________________ 2,344,300.00
Obligations of States and political sub­
divisions ______
105,300.16
Other bonds, notes, and debentures____
39,657.50
Cash, balances with other banks, Includ­
ing reserve balances, and cash items in
process of collection _________________
630,154.78
Bank premises owned __________________
60,000.00
18,000.00
Furniture and fixtures _________________
Real estate owned other than bank
premises _____________________________
4,197.83

Demand deposits of individuals, partner­
ships, and corporations ______________ $1,814,706.19
Time deposits of individuals, partner­
ships, and corporations ______________ 1,608,630.22
Deposits of States and political sub­
divisions _____________________________
252,697.42
Other deposits (certified and officers’
checks, etc.) _________________________
34,286.05

Total

Total deposits _______________________ 3,710,319.88
Capital accounts:
Common stock ______________________
200,000.00
Surplus __________________________
115,000.00
Undivided p ro fits _____________________
63,806.46
Reserves _____________________________
931.12

------------------------- ---------------------$4,090,057.46

Total

______________________________ $4,090,057.46

No. 537.
TH E STATE BANK OF SUTTONS BAY, SUTTONS BAY.
Organized May 10, 1913.
J. C. V l a c Kj P resid en t ;

F r a n k R u t h a r d t , F. E. M u r p h y , V ice P resid en ts ;
C a sh ier; L . H . W e il e r , A ssistan t Cashier.

L. R. H a m m o n d ,

D ir e c t o r s .— George Mason, J. C. Vlack, Frank Ruthardt, J. M. Hilton, F. E. Murphy.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $34.72
overdrafts) __________________________ $114,574.27
United States Government obligations,
direct and guaranteed ________________
30,500.00
Obligations of States and political sub­
divisions _____________________________
500.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _______________
70,125.17
Bank premises owned __________________
2,400.00
Furniture and fixtures --------------------------2,935.00
Real estate owned other than bank
premises _____________________________
5,000.00

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$226,034.44

Demand deposits of individuals, partner­
ships, and corporations______________
Time deposits of individuals, partner­
ships, and corporations______
Deposits of States and political sub­
divisions _________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits _____________________
Other liabilities ________________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Undivided profits __ 1_______________ __
Total

$46,149.71
86,948.76
45,190.34
4,022.81
182,311.62
782.90
20,000.00
20,000.00
2,939.92
$226,034.44

216

STATE BANKING D EPARTM ENT
No. 156.
UNITED SAVINGS BANK OF TECUMSEH, TECUMSEH.
Organized March 15, 1893.

G uy E. B e l d in g , P resid en t ; J o h n R. N y l a n d , Vice P resid en t; J. R. T h o m p s o n , C ashier;
G l e n n V an D e n b e r g h , O. J. W in t e r , A ssistant Cashiers.
D ir e c t o r s .— J. R. Thompson, W . E. Swick, K arl M. Schneider, Guy
Campbell, John R. Nyland, Lester C. Rogers.

E.

Beiding,

E.

M.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $39.84
overdrafts) ___ ________________
$539.573.45
United States Government obligations,
direct and guaranteed ___ :___________
200,883.51
Obligations of States and political sub­
104,081.94
divisions _____________________________
Other bonds, notes, and debentures____ 145,699.75
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
150,457.24
process of collection__________________
Bank premises owned __________________
6,000.00
Furniture and fixtures _________________
1,000.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $314,010.09
Time deposits of individuals, partner­
ships, and corporations_______________
587,088.97
Deposits of United States Government
(including postal savings) ___________
5,000.00
Deposits of States and political sub­
divisions _____________________________
93,280.70
Deposits of banks ______________________
10,000.00
Other deposits (certified and officers’
checks, etc.) _________________________
10,746.86
Total deposits______________________ 1,020,126.62
Other liabilities ________________________
5,049.84
Capital accounts:
35,000.00
First preferred stock _________________
Common stock _______________________
50,000.00
Surplus ______________________________
15,000.00
Undivided p ro fits_____________________
1,370.71
21,148.72
Reserves _____________________________

Total

---------------------------------------------- $1,147,695.89

Total

---------------------------------------------- $1,147,695.89

NO. 258.
F IR S T STATE BANK OF TEKONSHA, TEKONSHA.
Organized March 14, 1902.
D. G. M a r t in s o n , P resid en t; H . M. R a n d a l l , Vice P re s id en t; G l e n n A. W

il l ia m s ,

Cashier.

D ir e c t o r s .— H. A. Doolittle, D. G. Martinson, H. M. Randall, Earl Warner, Elmer E. Abel,
Bert Shedd.

Statement December 30, 1939.
ASSETS
Loans and discounts (including $114.64
overdrafts) ___________________________
United States Government obligations,
direct and guaranteed _______________
Obligations of States and political sub­
divisions _____________________________
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
Bank premises owned __________________
Furniture and fixtures _________________
Other assets ________________________
Total _______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
$82,432.92
44,202.77
59,664.00
26,842.23
51,302.89
2,500.00
977.20
1,982.38
$269,904.39

Demand deposits of individuals, partner­
ships, and corporations _____________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of United States Government
(including postal savings) ____________
Other deposits (certified and officers’
checks, etc.) ________________________
Total deposits ______________________
Capital accounts:
First preferred s to c k _________________
Common stock _______________________
Undivided profits ____________________

$58,331.17
155,565.44
10,268.38
117.00
224,281.99
15,000.00
30,000.00
622.40

T o t a l------------------------------------------------ $269,904.39

STATE BANKS OF M ICHIGAN

217

No. 698.

THE BANK OF TH REE OAKS, TH REE OAKS.
Organized February 23, 1923.
M o r r is G. M c G a w n , P resid en t; M a r t h a A n s l e y , Vice P resident and C ashier; J u l ia
V a n G b n de ren , D a y l e E. W e l l e r , A ssistant C ash iers; F r a n k N. D o n n e r , Auditor.
D ir e c t o r s .— Morris G. McGawn, F. W . Chamberlain, Chas. P. Klute, Martha Ansley, Lydia
W . Chamberlain.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $155.14
overdrafts) ___ :_______________________ $166,428.75
United States Government obligations,
direct and guaranteed________________
369,300.00
Obligations of States and political sub­
divisions --------------------------------------------121,796.37
Other bonds, notes, and debentures____
95,992.26
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
535,875.95
Bank premises owned __________________
43,607.65
Furniture and fixtures _________________
2,129.66

Demand deposits of individuals, partner­
ships, and corporations ___________ __ $781,197.59
Time deposits of individuals, partner­
ships, and corporations______________
301,724.49
Deposits of States and political sub­
82,242.25
divisions _________________________
Other deposits (certified and officers’
checks, etc.) _________________________
1,438.55

Total

Total deposits ______________________ 1,166,602.88
723.29
Other liabilities _______________________
Capital accounts:
Common s to c k ________________________
100,000.00
Surplus ______________________________
32,500.00
35,304.47
Reserves _____________________________

-------------------------------------------- $1,335,130.64

Total

---------------------------------------------$1,335,130.64

No. 778.

F IR S T PEOPLES STATE BANK, TR A VER SE CITY.
Organized October 30, 1931.
W . E. W il s o n , P resid en t; C. W . C o l l in s , Vice P resid en t; W . R eed C h a p i n , Cashier and
Trust Officer; B l a n c h e T r a v is , A uditor and A ssistant Trust Officer.
D ir e c t o r s .— G. W . Power, L. O. Rice, W . E. W ilson, A. J. Rounding, W m . E. Yotruba, C. W .
Collins, W . Reed Chapin.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $449,877.88
United States Government obligations,
direct and guaranteed _______________
171,564.02
Obligations of States and political sub­
divisions _____________________________
68,133.30
Other bonds, notes, and debentures------56,640.44
Corporate
stocks
(Including $4,000.00
Stock of Federal Reserve B a n k )--------4,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
337,863.30
Bank premises owned __________________
23,305.97
Other assets ___________________________
6,727.84

Demand deposits of individuals, partner­
ships, and corporations ______________ $364,825.54
Time deposits of individuals, partner­
ships, and corporations ______________
452,586.08
Deposits of United States Government
(including postal savings) -----------------11,455.07
Deposits of States and political sub­
divisions _____________________________
131,399.38
Other deposits (certified and officers’
checks, etc.) _________________________
7,564.02

Total

______________________________ $1,118,112.75


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits______________________
Other liabilities_____ ___________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ___________
Total

967,830.09
11,196.99
102,700.00
31,000.00
5,385.67

______________________________ $1,118,112.75

218

STATE BANKING D EPARTM ENT
No. 138.

TH E TRA VER SE CITY STATE BANK, TR A VER SE CITY.
Organized June 4, 1892.
Junius L. B e e r s , President and Chairman o f the B oard; H arold E. J o h n s o n , V ice P resid en t;
P. V a n M a r e n , Cashier; C h a s . E. H a l e , A ssistant Cashier; P a u l W il l s o n , Auditor.
D ir e c t o r s .— Julius L. Beers, H. E. Johnson, H. O. Joynt, G. B. Kilbourne, M. J. M acintosh,
Duncan Morrison, John L. Novak, P. G. Reynolds.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $41.03
overdrafts) __________________________ $826,337.84
United States Government obligations,
direct and guaranteed _______________
314,900.00
Obligations of States and political sub­
divisions _____________________________
362,957.50
Other bonds, notes, and debentures____
290,454.34
Corporate stocks (Including $8,250.00
Stock of Federal Reserve Bank)_______ * 8,250.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_____ .____________ 1,314,900.81
Bank premises owned _________________
70,000.00

Demand deposits of individuals, partner$922,808.92
ships, and corporations ________
Time deposits of individuals, partner­
ships, and corporations________ _______ 1,709,303.74
Deposits of States and political sub­
divisions _____________________________
136,620.06
86,967.40
Deposits of banks _____________________
Other deposits (certified and officers’
checks, etc.) __________________ ,_____
21,077.99

Total

Total deposits _____________________ 2,876,778.11
Other liabilities _______________________
10,551.73
Capital accounts:
Common stock ___________________ L __
200,000.00
Surplus ______________________________
75,000.00
Undivided profits ____________________
17,970.65
7,500.00
Reserves _____________________________

--------------------------------------------- $3,187,800.49

Total

_____________________________ $3,187,800.49

No. 771.

TH E PEOPLES STATE BANK OF TRENTON, TRENTON.
Organized September 2, 1929.
Branch in Rockwood, Michigan.
S c o t t E. L a m b , P resid en t; P. C. K r u s e l l , E xecu tive Vice President and C a sh ier; R e m i
C o o l s a e t , A aron N. S im m o n s , V ice P resid en ts; D. F. K r u s e l l , A ssistant Cashier.
D ir e c t o r s .— Scott E. Lamb, P. C. Krusell, Remi Coolsaet, Aaron N. Simmons, Prank
Frantz, Meyer Ellias, Leonard Frebes, Dr. J. R. Teifer, Horace J. Smith.

C.

Statement December 30, 1939.
ASSETS
Loans and discounts (Including $18.29
overdrafts) __________________________ $766,110.85
United States Government obligations,
direct and guaranteed _______________
84,538.83
Obligations of States and political sub­
divisions ______________
98,372.59
Other bonds, notes, and debentures_____
99,899.25
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
158,007.59
Bank premises owned___________________
32,572.51
Furniture and fixtures --------------------------8,127.75

Total ______________________________ $1,247,629.37


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
Demand deposits of individuals, partnerslv'ps, and corporations _____________ $269,462.23
Time deposits of individuals, partner­
ships, and corporations ____ _________
657,902.69
Deposits of United StatesGovernment
(including postalsavings) _______________
33,000.00
Deposits of States andpolitical
sub­
divisions
126,801.86
Other deposits(certified and officers’
checks, etc.) __________________ .______
28,727.97
Total deposits _____________________ 1,115,894.75
Other liabilities _______________________
15,164.58
Capital accounts:
First preferred s t o c k _________________
26,000.00
Common stock _______________________
50,000.00
Surplus ----------------------------------------------18,000.00
Undivided profits ________ ,___________
17,857.54
Reserves _____________________________
4,712.50
Total

_____________________________ $1,247,629.37

STATE BANKS OF MICHIGAN

219

No. 510.
TRENTON STATE BANK, TRENTON.
Organized August 26, 1912.
A u s t in C h u r c h , P resid en t ; S a m L. V re e la n d , Vice P resid en t; C h a r l e s A . S m i t h , C ashier;
F red W . P l u s k a t , B. M. W e s t p h a l , A ssistant C ashiers; M a r g a r e t S t o n e , Auditor.
D ir e c t o r s .— Austin Church, Sam L. Vreeland, Charles A. Smith, W illiam F. Butler, Nicholas
F.
Mans, Mark V. Yost, Seneca C. Traver.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $79.66
overdrafts) ___
$617,235.15
United States Government obligations,
direct and guaranteed________________
80,877.20
Obligations of States and political sub­
divisions _____________________________
31,532.78
23,181.73
Other bonds, notes, and debentures_____
Corporate stocks (Including $1950.00 Stock
of Federal Reserve Bank) ____________
1,950.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _____ i___________
108,040.05
19,200.00
Bank premises owned ________ .________
Furniture and fixtures ________________
2,961.33

Demand deposits of individuals, partner­
ships, and corporations _____________ $220,591.73
Time deposits of individuals, partner­
ships, and corporations ______________
471,779.93
Deposits of United States Government
(including postal savings) ___________
35,931.22
Deposits of States and political sub­
divisions _____________________________
43,034.38
Other deposits (certified and officers’
21,662.08
checks, etc.) _________________________

Total ------------- _-------------------------------

Total deposits _____________________
Other liabilities _______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________

792,999.34
14,888.17

Total ______________________________

$884,978.24

$884,978.24

50.000.00
15,000.00
2,090.73
10,000.00

No. 289.
TH E STATE SAVINGS BANK OF UNIONVILLE, UNIONVILLE.
Organized March 31, 1904.
H e n r y R o l l e r , P resid en t; W . B. A c h e n b a c h , Vice P resid en t; H. W . H a h n , C ash ier; H. D.
S t o c u m , M a r io n D e h m e l , A ssistant Cashiers.
D ir e c t o r s .— W . B. Achenbach, Henry Roller, John Beatenhead, Clair Ross, H.

W.

Hahn.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts (including $126.56
overdrafts) ________
$242,760.06
United States Government obligations,
direct and guaranteed________________
46,739.76
Obligations of States and political sub­
divisions ____
2,500.00
Other bonds, notes, and debentures - ___
3,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
148,249.46
Bank premises owned___________________
1,700.00
Furniture and fixtures___________
750.00

Total ______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$445,699.28

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________

$86,397.14
292,426.84
19,240.22
354.62

Total deposits _____________________
Other liabilities _______________________
Capital accounts:
First preferred s to c k _________________
Common stock ______________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________

398,418.82
150.00

Total ______________________________

$445,699.28

10,000.00
30,000.00
1,000.00
4,390.46
1,740.00

220

STATE BANKING DEPARTM EN T
No. 787.
TH E STATE BANK OP Y ASSAR, YASSAR.
Organized December 11, 1933.

G eorge

C.

P resid en t; H o w ar d W . S m i t h , Vice P resid en t; L e w i s W a l t o n ,
President and C ash ier; F r a n k B. T in g l a n , A ssistant Cashier.

Vice

L o ss,

D ir e c t o r s .— Clarence J. Deedrick, George C. Loss, Earl H . Miller, Henry W . Owen, Truman
J. Sanford, Howard W . Smith, Frank B. Tinglan, Lewis W alton, Joseph S. Wells.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $195.01
overdrafts) __________________
$218,265.78
United States Government obligations,
direct and guaranteed _______________
65,600.00
Obligations of States and political sub­
divisions ___________________
47,521.07
Other bonds, notes, and debentures___
44,377.00
Corporate
stocks
(Including $1,050.00
Stock of Federal Reserve Bank) ______
1,050.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
95,627.41
Bank premises owned __________________
16,500.00
994.38
Other assets ___________________________

Demand deposits of individuals, partner­
ships, and corporations_______
$137,766.89
Time deposits of individuals, partner­
ships, and corporations__ ,___________
285,909.62
Deposits of States and political sub­
25,179.02
divisions _______
Other deposits (certified and officers’
checks, etc.) _________________________
3,396.00
Total deposits _____________________
Other liabilities ________________________
Capital accounts:
Common s t o c k ____ __________ ________
Surplus ______________________________
Undivided p ro fits _____________________

452,251.53
949.82

Total _______________________________

$489,935.64

T o t a l----------- :------------------------------------ $489,935.64

25,000.00
9,000.00
2,734.29

No. 377.
THE B A R B E R STATE BANK OF VERM ONTVILLE, M ICHIGAN.
Organized August 14, 1907.
E d w a r d D . B a r b e r , P resid en t; F o r r e st E. W il s o n , V ice P resid en t; C h a s . A. S t i l e s , C ash ier;
F r a n c e s M. K roger , A ssistant Cashier.
D ir e c t o r s .— Edward D. Barber, Edith M. Alsover, Philip H . Barber, Charles A. Stiles, Forrest
E. W ilson.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $243.61
overdrafts) ________________
$132,555.55
United States Government obligations,
direct and guaranteed _______________
49,116.00
Obligations of States and political sub­
divisions _____________________________
55,076.93
Other bonds, notes, and debentures____
57,914.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _____ ____________
102,301.92
Bank premises owned___ I______________ .
1,000.00
Furniture and fixtures__________________
1,300.00
Other assets____________________________
194.37
T o t a l_______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$399,459.27

Demand deposits of individuals, partner­
ships, and corporations__________ __
Time deposits of individuals, partner­
ships, and corporations ____________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________

$61,287.93
280,255.63
10,584.78
194.10

Total deposits _____________________
Capital accounts:
First preferred stock _________________
Common stock _______________________
Undivided profits ____________________

352,322.44

T o t a l______________ ________________

$399,459.27

20,000.00
25,000.00
2,136.83

221

S T A T E B A N K S O F M IC H IG A N
No. 693.
TH E VERNON STATE BANK, VERNON.
Organized M arch 13, 1922.

W . P. St r a u c h , P resident and Chairman o f the B oa rd; F r a n k S. H a r d y , E xecu tive Vice
P resid en t; W m . J. M c C u l l o u g h , Vice P resid en t; H a r l e y M. E a r l , C ash ier; R. W .
K o e p e l e , A ssistant Cashier.
D ir e c t o r s .— W . P. Strauch, W m . J. McCullough, Frank S. Hardy, Theodore Strauch, John
C. Hardy.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $45.93
o v e rd ra fts)__________________________ $370,663.23
United States Government obligations,
direct and guaranteed _______________
56,975.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
105,346.03
Bank premises ow n ed ___________________
1,000.00
500.00
Furniture and fixtures _____________ _____
Real estate owned other than bank
premises _____________________________
1,004.00

Total

______________________________

Demand deposits of individuals, partner­
ships, and corporations _____________
Time deposits of individuals, partner­
ships, and corporations____ ,__________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________

$535,488.26

Total

$85,021.53
349,779.71
14,109.17
3,692.76
452,603.17
5,000.00
35,000.00
35,000.00
7,885.09

---------------------------------------------- $535,488.26

No. 401.
T H E C O M M U N IT Y B A N K , W A R R E N .
Organized M ay 26, 1908.
Branch in Centerline, Michigan.
G eorge A. H odson , Chairman of the B o a rd ; H er b e r t A. S c h m id t , P resid en t; J o h n A.
R i n k e , V ice P resid en t; H er ber t A . S c h m id t , C ashier; W a l t e r C. R ic k a b u s , G. A. P e r s s o n ,
J r ., A ssistant C ash iers; T h o m a s B. S m i t h , Branch Manager.
D ir e c t o r s .— Herbert A. Schmidt, W m . L. Hartsig, Henry Halmich, John A . Rinke, Geo. A.
Weier, Robert F. Barie, Geo. A. Hodson, Russell E. Lynch, Louis E. Busch.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $21.97
o v e r d ra fts )__________________________ $387,687.59
United States Government obligations,
direct and guaranteed_______________
94,546.36
Obligations of States and political sub­
divisions _____________________________
124,550.21
Other bonds, notes, and debentures____
61,141.74
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
422,859.23
Bank premises owned __________________
15,000.00
Furniture and fixtures _________________
8,871.64
Other assets ___________________________
1,119.15

Demand deposits of individuals, partner­
ships, and corporations ______________ $221,012.74
Time deposits of individuals, partner­
ships, and corporations ______________
561,787.45
Deposits of States and political sub­
divisions ____________________________
253,976.63
Deposits of banks ______________________
5,000.00
Other deposits (certified and officers’
checks, etc.) _________________________
9,347.74

T otal_______________________________ $1,115,775.92


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________ 1,051,124.56
3,000.00
Other liabilities ________________________
Capital accounts:
Common stock _______________________
50,000.00
Surplus ______________________________
5,000.00
Undivided p ro fits _____________________
6,279.86
Reserves ____________________ •
________
371.50
T o t a l----------------------------------------------- $1,115,775.92

222

S T A T E B A N K IN G D E P A R T M E N T
No. 284.
THE W A YLAN D

STATE BAN K , W A YLA N D .

Organized January 1, 1904.
M a c k S h o r t , P resid en t; A. E. W e a v e r , Vice P re s id en t; J o h n W . B a r t o n , C a sh ier; F r a n k
L . C h a c h o r s k i , E r n e s t in e L . K o e h l e r , A ssistant Cashiers.
D ir e c t o r s .— A. E. Weaver, Fenton Sebright, Harry Haywood, C. C. McClintock, Mack Short.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ------------------------------ $143,723.90
United States Government obligations,
direct and guaranteed _______________
68,977.50
Obligations of States and political sub­
61,056.57
divisions _____________________________
Other bonds, notes, and debentures____
6,045.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
94,707.12
Bank premises owned __________________
6,000.00
Furniture and fixtures _________________
950.00

Demand deposits of individuals, partner­
ships, and corporations_______________ $136,199.50
Time deposits of individuals, partner­
ships, and corporations ______________
192,349.81
Deposits of States and political sub­
divisions _____________________________
22,706.43
Other deposits (certified and officers’
checks, etc.) _________________________
4,027.62

Total

_____________________ ________

Total deposits ______________________
Capital accounts:
Common stock _______________________
Undivided profits ____________________
Total

$381,460.09

______________________________

355,283.36
25,000.00
1,176.73
$381,460.09

No. 783.
THE W AYN E

STATE BAN K , W A Y N E .

Organized December 18, 1933.
W m . B. D e t w e il e r , P resid en t; M a n t o u s U h t , V ice P re s id en t; J o h n E . V a l ,l a n c e , Cashier.
D ir e c t o r s .— Mantous Uht, Howard C. Baldwin, Harley E. Smith, John E. Yallance, W m . B.
Detweiler, Roscoe Bonisteel.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $42.29
overdrafts) ___________________________ $609,272.53
United States Government obligations,
direct and guaranteed ------------------------ 135,244.24
Obligations of States and political sub­
divisions ------------48,189.80
Other bonds, notes, and debentures ------151,134.47
Corporate stocks (Including
$3,600.00
Stock of Federal Reserve Bank) -------3,600.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ________________
592,717.01
Furniture and fixtures _________________
3,627.32

Demand deposits of individuals, partner­
ships, and corporations ______________ $416,298.16
Time deposits of individuals, partner­
ships, and corporations __________ :___
785,639.75
Deposits of United States Government
(including postal savings) _____________
16,066.18
Deposits of States and political sub­
divisions _____________________________
168,512.48
Other deposits (certified and officers’
checks, etc.) _________________________
19,793.50

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,543,785.37

Total deposits_____ _________________ 1,406,310.07
Other liabilities ________________________
3,957.64
Capital accounts:
First preferred stock _________________
50,000.00
Common s t o c k _______ 1_______________
50,000.00
Surplus ______________________________
23,000.00
Undivided p ro fits _____________________
5,402.92
Reserves _____________________________
5,114.74
Total

$1,543,785.37

S T A T E B A N K S O F M IC H IG A N

223

N o. 415
T H E F A R M E R S ST A T E B A N K OF W E B B E R V IL L E , W E B B E R V IL L E .
Organized December 23, 1908.
J a m b s F r a s e r , President and Chairman of the B o a rd ; J a m e s D u n n , Vice President ; C h a r l e s
G. C ool , C a sh ier; L er oy D e f o r s , A ssistant Cashier.
D ir e c t o r s .-— James Dunn, James Fraser, A. H . Catlin, Avon Jackson, Charles Cool, George
Dunn, Anan O. Allchin.

Statem ent December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________
United States Government obligations,
direct and guaranteed _______________
Obligations of States and political sub­
divisions _____________________________
Other bonds, notes, and debentures____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________
Bank premises owned __________________
Furniture and fixtures _________________

T o t a l------------------------------------------------

$83,573.98
37,494.34
22,947.06
34,697.17
53,296.82
1,750.00
400.00

Demand deposits of individuals, partner­
ships, and corporations_______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________

$62,645.63
126,837.87
15,364.65
1,407.70

Total deposits ______________________
Capital accounts:
Common stock ______________________
Undivided profits ____________________

206,255.85

T o t a l_______________________________

$234,159.37

$234,159.37

25,000.00
2,903.52

No. 733.
T H E S T A T E S A V IN G S B A N K O F W E S T B R A N C H , W E S T B R A N C H .
Organized D ecem ber 26, 1926.
W . A. C r a n d e l l , President and Chairman o f the B oa rd ; H a r r is o n D odds , V ice P resid en t;
F.
E. C oope r , C ash ier; F. L. D e a n , A ssistant Cashier.
D ir e c t o r s .— W . A. Crandell, D. E. Tolfree, H. W . Schulty, Elmer G. Steuernol, Harrison
Dodds, E. H . McGowan.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $49.88
overdrafts) ____ _______________________ $200,163.26
United States Government obligations,
direct and guaranteed________________
110,625.00
Obligations of States and political sub­
divisions _____________________________
70,862.50
Other bonds, notes, and debentures____
91,776.25
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ________________ ._ 155,324.04
Bank premises owned __________________
8,800.00
Furniture and fixtures _________________
800.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $183,719.24
Time deposits of individuals, partner­
ships, and corporations _________
280,406.16
Deposits of United States Government
(including postal savings) ____________
2,005.87
Deposits of States and political sub­
divisions --------------------102,418.21
Other deposits (certified and officers’
checks, e t c .) __________________________
6,031.25

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$638,351.05

Total deposits______________________
Capital accounts:
First preferred stock _________________
Common s to c k ________________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________
Total

___________ __________________

574,580.73
14,900.00
20,000.00
20,000.00
2,670.32
6,200.00
$638,351.05

224

S T A T E B A N K IN G D E P A R T M E N T

No. 382.
T H E W E S T P H A L IA STA TE B A N K , W E S T P H A L IA .
Organized October 16, 1907.
J o h n B. S p i t z l e y , P resid en t; L ou is J. W

il b e r ,

V ice P resid en t; R o bert F. B o h r , Cashier.

D ir e c t o r s .— John B. Spitzley, Louis J. Wieber, W illiam Bohr, W illiam H. Young, John P.
Trierweiler.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $1.77
overdrafts) ___________ _____ ___ — . $143,032.76
United States Government obligations,
direct and guaranteed _______
18,787.50
Obligations of States and political sub­
divisions _____________________________
8,685.00
Other bonds, notes, and debentures____
12,697.50
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
41,393.41
Bank premises o w n e d __________________
1,500.00
Furniture and fixtures _________________
900.00

Total

______________________________

Demand deposits of individuals, partner­
ships, and corporationes _____________
Time deposits of individuals, partner­
ships, and corporations _____________
Deposits of States and political sub­
divisions _____________________________
Deposits of banks ______________________
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits ______________________
Other liabilities ________________________
Capital accounts:
Common stock _______________________
Undivided profits ____________________
Total

$226,996.17

______________________________

$37,627.86
118,547.27
33,048.18
5,000.00
216.76
194,440.07
2,525.89
25,000.00
5,030.21
$226,996.17

No. 455.
T H E F I R S T S T A T E B A N K , W H I T E C L O U D , M IC H IG A N .
Organized June 1, 1910.
J a m e s J. T e r w il l e g a r , P resid en t; G eo . W . S h e p h e r d , Vice P resid en t;
C a sh ier; H . J. G u s t i n , A ssistant Cashier.
D ir e c t o r s .— Cornelius Gerber, James J. Terwillegar, Geo. W .
H.
J. Gustin, Marion N. Bird.

M ar y A. G a n n o n ,

Shepherd, Mary A. Gannon.

Statem ent December 30. 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts (including $44.86
overdrafts) ____ :______________________ $103,461.67
United States Government obligations,
direct and guaranteed ________________
54,662.72
Obligations of States and political sub­
divisions _____________________________
24,109.75
Other bonds, notes, and debentures _ __
37,584.80
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
64,697.50
Bank premises owned __________________
2,400.00
Furniture and fixtures _________________
1,100.00

Total

______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$288,016.44

Demand deposits of individuals, partner­
ships, and corporations ____________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of United States Government
(including postal savings) ___________
Deposits of States and political sub­
divisions _____________________________
Total deposits______________________
Capital accounts:
Common stock __________ ._____ _______
Surplus ______________________________
Undivided p ro fits _____________________
Total

______________________________

$52,788.88
125,075.79
531.59
73,238.50
251,634.76
25,000.00
9,000.00
2,381.68
$288,016.44

225

S T A T E B A N K S O F M IC H IG A N
No. 250.
T H E ST A T E B A N K OF W H IT E H A L L , W H IT E H A L L .
Organized December 16, 1901.
G eorge E. C o v e l l , P resid en t; G u y S. C o v e l l , V ice P resid en t; J o s e p h
F. E. L e ig h t o n , A ssistant Cashier.

O c o b o c k , C ashier;

D ir e c t o r s .— George E. Covell, Guy S. Covell, Joseph Ocobock, Emeline W . Covell, L. H.
Radcliffe, Mark B. Covell, Jr.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $48.97
overdrafts) ______ 1____________________ $247,887.18
United States Government obligations,
direct and guaranteed ________________
115,800.00
Obligations of States and political sub­
divisions _________
55,300.00
Other bonds, notes, and debentures____
75,702.07
Corporate
stocks
(Including $1,200.00
Stock of Federal Reserve Bank) _____
1,200.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
136,716.88
process of collection __________________
Bank premises o w n e d __________________
8,500.00
Furniture and fixtures__________________
2,175.00
Other assets ___________________________
2,954.92

Demand deposits of individuals, partner­
ships, and corporations --------------------- $156,483.88
Time deposits of individuals, partner­
ships, and corporations ______________ 387,011.51
Deposits of States and political sub­
divisions _____________________________
42,151.04
Other deposits (certified and officers’
checks, etc.) ---------397.75

Total

______________________________

Total deposits _____________________
Capital accounts:
Common stock _______________________
Undivided profits ---------------------------------

Total

$646,236.05

______________________________

686,044.18
40,000.00
20,191.87

$646,236.05

N o. 438.
P E O P L E S S T A T E B A N K , W IL L I A M S T O N .
Organized July 27, 1909.
G eo . L. B is h o p , P re s id en t; L. D. B i s s e l l , E xecu tive Vice P resid en t; C. A. G o r s l in e , Vice
P re s id en t; G. B . J a c k s o n , Cashier.
D ir e c t o r s .— Geo. L. Bishop, W . S. Barrett, L. D. Bissell, A. E. Poll, W . R. Gorsline, John F.
Krumbeck, O. S. Hendren, C. A. Gorsline, G. B. Jackson.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $102.67
overdrafts) __________________________ $326,069.39
United States Government obligations,
direct and guaranteed ------------------------ 194,247.31
Obligations of States and political sub­
divisions ______________________________
58,188.49
Other bonds, notes, and debentures------89,666.00
Corporate stocks (Including $2,550.00
Stock of Federal Reserve Bank) -------2,550.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items In
process of collection__________________
170,645.47
Bank premises o w n e d ---------------------------6,500.00
Furniture and fixtures --------------------------3,450.00
Real estate owned other than bank
premises ________
18,072.10

Demand deposits of individuals, partner­
ships, and corporations ---------------------- $232,784.49
Time deposits of individuals, partner­
ships, and corporations-- ------------1------ 504,382.83
Deposits of States and political sub­
divisions ____________________________
21,014.61
Other deposits (certified and officers’
checks, etc.) _________________________
9,362.88

T o t a l_______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$869,388.76

Total deposits ______________________
Capital accounts:
First preferred s t o c k _________________
Common stock _______________________
Surplus ______________________________
Undivided p ro fits--------------------------------Reserves _____________________________

767,544.81

T o t a l_____________ _________________

$869,388.76

6,000.00
74,000.00
6,000.00
7,029.41
8,814.54

226

S T A T E B A N K IN G D E P A R T M E N T

No. 64.
W Y A N D O T T E S A V IN G S B A N K , W Y A N D O T T E .
Organized November 20, 1871.
Tw o Branches.
F red E. V a n A l s t y n e , P resid en t; A. C. M il n e , E xecu tive Vice P resident ; S id n e y T. M il l e r ,
S t e p h e n T. O r r , Vice P resid en ts; F r a n k W . T u c k e r , Vice President and C a sh ier; T om
K . T a y l o r , A ssistan t C a sh ier; E a r l E. S t ie l e r , F. E. H e n ig , A ssistant Vice P resid en ts;
P h i l l i p Z a s a d n y , A uditor and Trust Officer.
D ir e c t o r s .

Fred E. VanAlstyne, Sidney T. Miller, W . Leo Cahalan, Stephen T. Orr, Francis
B.
Griffith, Joseph M. Dodge, John M. Griffith.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $184.99
Demand deposits of individuals, partner­
overdrafts) -----------------------------------------$2,907,278.73
ships, and corporations_______________ $1,717,940.07
United States Government obligations,
Time deposits of individuals, partner­
direct and guaranteed_______ ________ 1,361,007.64
ships, and corporations ______________ 6,503,400.35
Obligations of States and political sub­
Deposits of States and political sub­
divisions --------------------------------------------- 3,750,324.04
divisions --------------------------------------------- 934,916.18
Other bonds, notes, and debentures________________ 313,206.22
Other deposits (certified and officers’
Corporate stocks (including $30,000.00
checks, etc.) ------27,862.67
stock of Federal Reserve Bank)______
30,000.00
Cash, balances with other banks, includ­
9,184,119.27
Total deposits ---------------ing reserve balances, and cash items in
Other liabilities ________________________
23,675.84
process of collection__________________ 1,654,592.94
Capital accounts:
Bank premises owned __________________
214,468.87
First preferred stock _________________
465,000.00
Furniture and fixtures _________________
29,810.39
400^000.00
Common stock ________________
Real estate owned other than bank
Surplus — ------------------------------------- ----135*000.00
premises --------------------------------------------140,483.67
Undivided p ro fits --------------------------------- 166,531.79
Other assets ___________________________
69.79
R eserves----------------------------------------------26,915.39
Total

---------------------------------------------$10,401,242.29

Total

-------------------------------------------- $10,401,242.29

No. 227.
YALE

STATE BAN K , YALE.

Organized December 28, 1901.
W il l ia m G. W i g h t , P resident and Chairman o f the B oa rd ; G uy M. R o w e l l , V ice P resid en t;
G u y E. B eard , C ash ier; N eva M. F e r g u so n , B u r n e l l B. M id d l e t o n , A ssistant Cashiers.
D ir e c t o r s .— W illiam G. W ight, Guy E. Beard, Guy M. Rowell, Elizabeth W ight, F. Burnell
W ight.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $97.86
o v erd ra fts)_f ________________________ $155,018.93
United States Government obligations,
direct and guaranteed _______________
110,320.00
Obligations of States and political sub­
divisions _____________________________
28,074.00
Other bonds, notes, and debentures_____
68,055.00
Porporate
stocks
(Including $950.00
Stock of Federal Reserve Bank) ______
950.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
158,453.47
Bank premises owned __________________
. 3,200.00
Furniture and fixtures__________________
900.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $168,088.02
Time deposits of individuals, partner­
ships, and corporations_______________
264,650.44
Deposits of States and political sub­
divisions ______
50,186.98
Other deposits (certified and officers’
checks, etc.) _________________________
5,514.22

T o t a l---------------------------- ------------------- $524,971.40


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits _____________________
Capital accounts:
Common stock _______________________
Surplus --------------------------Undivided profits ____________________

488,439.66

T o t a l-----------------------------------------------

$524,971.40

25,000.00
5,225.00
6,306.74

227

S T A T E B A N K S O F M IC H IG A N
No. 86.
T H E Y P S I L A N T I S A Y IN G S B A N K , Y P S I L A N T I .
Organized A p ril 30, 1887.

J o h n P. K i r k , P re s id en t; S. A rn old W ia r d , Vice P resid en t; M a x E. W i l l i a m s , C ashier;
R oss R. H a l l , G l e n n E . G r o o sb e c k , A ssistant Cashiers.
D ir e c t o r s .— John

P. Kirk, O. A. Hankinson, S. Arnold Wiard,
Ferguson, J. W . Talladay, H. A. Tape.

Matthew

Sinkule,

E.

E.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $468.76
overdrafts) ___________________________ $1,153,569.61
United States Government obligations,
direct and guaranteed _ _ -----------------419,957.96
Obligations of States and political sub­
divisions _____________________________
231,340.74
Other bonds, notes, anddebentures_____
228,377.87
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection
_____________
718,075.37
Bank premises ow n ed___________________
50,500.00
Furniture and fixtures _________________
5,126.84
Real estate owned other than bank
premises _____________________________
18,196.05

Demand deposits of individuals, partner­
ships, and corporations ______________ $690,374.47
Time deposits of individuals, partner­
1,415,649.06
ships, and corporations _______
Deposits of United States Government
(including postal savings) ___________
72,796.66
Deposits of States and political sub­
314,773.98
divisions _________________ ;___________
Other deposits (certified and officers’
checks, etc.) ______________
10,824.31

Total

Total deposits ______________________ 2,504,418.48
Capital accounts:
First preferred stock ________________
200,000.00
Common stock _______________________
100,000.00
Undivided profits _________________ —
20,725.96

_____ ________________________ $2,825,144.44

Total

__________________________ 1__ $2,825,144.44

No. 226.
ZE ELAN D STATE BAN K, ZE ELAN D .
Organized December 3, 1900.
J. H. D e n H erder , Chairman of the B oa rd ; E d w a r d M. D e n H erder , P resid en t; A . C. V a n d e n B o s c h , E xecu tive Vice P resid en t; H e r m a n M il l e r , Vice P resid en t; H . B ar on , C ash ier;
J. V an de r W e r f f , A ssistant Cashier.
D ir e c t o r s .— Henry Baron, J. H . DenHerrler, John Wichers, Herman Miller, A . C. VandenBosch, E. M. DenHerder, D. DeBruyn.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Demand deposits of individuals, partner­
Loans and discounts (including $198.06
ships, and corporations_______________ $616,812.40
overdrafts) ----------------------------------------$1,306,732.87
Time deposits of individuals, partner­
United States Government obligations,
ships, and corporations ______________ 1,987,789.28
direct and guaranteed _______________
502,150.00
Deposits of States and political sub­
Obligations of States and political sub­
divisions _____________________________
85,017.67
divisions _____________________________
262,242.50
Deposits of banks ______________________
8,929.85
Other bonds, notes, and debentures------------------------- 63,250.00
Other deposits (certified and officers’
Corporate stocks
(Including $6,600.00
checks, etc.) _________________________
17,686.19
Stock of Federal Reserve Bank) -------6,600.00
Cash, balances with other banks, includ­
Total deposits______________________ 2,716,235.39
ing reserve balances, and cash items in
Other liabilities ________________________
3,000.00
process of collection __________________
760,620.85
Capital accounts:
Bank premises owned ---------------------------41,800.79
Common
stock
_______________________
175,000.00
Furniture and fixtures --------------------------9,813.43
Surplus ______________________________
45,000.00
Real estate owned other than bank
Undivided p ro fits_____________________
18,825.05
premises _____________________________
4,850.00
Total

_____________________________ $2,958,060.44


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total

______________________________ $2,958,060.44

228

STATE

B A N K IN G

DEPARTMENT

TABLE No. 34— Abstract of reports of condition of Credit Unions at December 31,
1937, December 31, 1938 and December 31, 1939
Assets

Furniture and fixtures.............................................................
Cash, and due from banks......................................................

Report of
12-31-37

$108,031
2,806,958
6,210
312,186
56,989

Report of
12-31-38

03
43
67
57
94

$3,290,376 64

$246,974
3,576,407
9,043
783,048
18,604

Report of
12-31-39

13
46
01
43
21

$4,634,077 24

$575,334
5,215,271
12,509
891,010
25,942

54
76
40
94
23

$6,720,068 87

Liabilities
$440,686
2,540,530
80,990
89,116
117,988
8,740
12,323

Memoranda:
Number
Number
Number
Number

of
of
of
of

credit unions.........................................................
members.................................................................
depositors...............................................................
borrowers...............................................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

41
71
04
86

08
74
80

$529,941
3,711,448
57,682
116,324
163,865
16,399
38,415

59
65
18
60
14
69
39

$626,400
5,577,196
65,753
139,970
231,493
26,432
52,821

53
28
80
98
21
12
95

$3,290,376 64

$4,634,077 24

$6,720,068 87

At 12-31-37

At 12-31-38

At 12-31-39

137
30,510
4,423
15,711

139
36,358
4,848
20,093

163
50,659
4,802
27,845

TABLE NO. 35

A B S T R A C T OF R E P O R T S
OF

S M A L L L O A N L IC E N S E E S
AS M A D E TO T H E C O M M ISSIO N E R OF T H E S T A T E B A N K IN G D E P A R T M E N T


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Federal Reserve Bank of St. Louis

DECEMBER 31, 1939


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Federal Reserve Bank of St. Louis

SMALL LOAN LICENSEES

231

Abstract of Annual Reports of Small Loan Licensees at
December 31, 1939
Balance Sheet
ASSETS
Cash in office and in banks..........................................................................................\ ................. ..
Loans receivable........................................................................................................................................
Real estate (less reserve for depreciation— buildings).....................................................................
Furniture, fixtures and equipment (less reserve for depreciation)................................................
Deferred charges........................................................................................................................................
Other Assets:
(a) Organization or development expense...............................................................
(b) Cost of financing.............................................................................................................................
(c) Miscellaneous...................................................................................................................................

$1,564,890
24,427,366
176,587
235,889
41,892

70
09
16
93
29

46,719 12
70,094 02
1,579,179 56

Total A ssets................................................... ......................................................................... .
All assets not used in small loan business...........................................................................................

$28,142,618 87
4,525,601 64

Total All A ssets..................... ................ .................................................................................

$32,668,220 51

LIABILITIES AND CAPITAL
Accounts and notes payable:
(a) Banks................................................................................................................................................
(b) Due to parent company or affiliates..........................................................................................
(c) Other short term notes and accounts.......................................
Bonds...........................................................................................................................................................
Other Liabilities:
(a) Accrued expenses............................................................................................................................
(b) Miscellaneous...................................
Expense Reserves:
(a) Expense reserve for bad debts.....................................................................................................
(b) Reserves for purchased accounts (face value less purchase price)......................................
(c) Reserve for licenses and taxes.....................................................................................................
(d) Other expense reserves..................................................................................................................
Branch office capital.................................................................................................................................
Net worth (if individual or partnership).............................................................................................
Capital stock: (if corporation)
(a) Preferred...........................................................................................................................................
(b) Common...........................................................................................................................................
Appropriated surplus or capital reserves.............................................................................................
Surplus (including undivided profits)..................................................................................................
Total Liabilities and C apital...............................................-.................................................


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Federal Reserve Bank of St. Louis

$2,838,853
6,323,960
1,794,228
1,151,860

52
14
80
00

33,584 49
28,961 54
500,069
2,753
174,073
275,038
10,514,792
2,256,684
1,563,136
3,494,040
66,698
1,649,484

17
57
88

82
08
20
68

24
56
82

$32,668,220 51

232

STATE

B A N K IN G

DEPARTMENT

Statement of Income and Expense for Period from January 1, 1939 to
December 31, 1939
Gross Income derived from Small Loan Business:
Charges on loans of $300.00 and less..............................................................
Interest on bank balances..................................................................................
Collections on accounts previously charged off............................................
Other income derived from small loan business...........................................

$6,669,456
6,295
138,481
10,853

33
22
74
42

Total Gross Income Derived from Small Loan Business................................................
Expenses of Conducting Small Loan Business:
Advertising............................................................................................................
Auditing.................................................................................................................
Bad debts, or reserve for bad debts................................................................
Depreciation of furniture, fixturesand equipment.......................................
Expense, sundry...................................................................................................
Insurance and fidelity bonds.............................................................................
Legal fees and disbursements................
Postage and express............................................................................................
Printing, stationery and supplies.....................................................................
Rent........................................................................................................................
Salaries......................
Supervision and administration (when not allocated to other items) . . .
Taxes:
(a) Licenses and license taxes...........................................................................
(b) State and local taxes....................................................................................
(c) Federal taxes..................................................................................................
Telephone and telegraph........................................................................................
Travel..........................................................................................................................
Other expenses of conducting Small Loan Business:
(a) Recording fees (when paid bylicensee)....................................................
(b) Miscellaneous.................................................................................................

$535,076
40,740
500,105
44,060
131,402
43,009
75,880
69,751
92,718
248,755
1,671,727
158,162

60
44
00
33
57
51
38
50
79
24
39
25

32,657
126,378
396,569
87,847
128,439

19
83
84
43
85

$6,825,086 71

12,964 12
193,654 77

Total Expenses and Losses of Conducting Small Loan Business
(not including interest on borrowed funds)........................................

4,589,902 03

Net Earnings Derived from Small Loan Business for the Period
(before deducting interest on borrowed funds)...................................................................

$2,235,184 68

M EM ORANDA
Gross earnings from sources outside Small Loan Business..............................................................
Expenses incurred in operations outside Small Loan Business......................................................

$601,833 28
395,517 61

Net Earnings outside Small Loan Business.............................................................................

$206,315 67

Interest paid...............................................................................................................................................
Amortization...............................................................................................................................................

$716,092 04
21,220 44

Analysis of Assets Used and Useful in Small Loan Business
as at December 31, 1939
ASSETS USED A N D USEFUL IN SM A LL LOAN BUSINESS:
Loans receivable........................... .........................................................................................................
Furniture, fixtures and equipment (less reserve for depreciation)............................................
Real estate (less reserve for depreciation— buildings)..................................................................
Working Capital:
(a) Cash in office and in banks......................................................................................................
(b) Accounts receivable.................................... .................................................................... ..
(c) Home office assets apportioned to branch when not allocated among other items
in this section.................................................... .........................................................................
(d) Deferred charges, such as prepaid insurance premiums, license taxes, and bond
premiums......................................................................................................................................
(e) Prepaid expense prohibited from collection at time loan is m ade..................................
Going Concern Value:
(a) Cost of financing (present cost of funds for assets used and useful in small loan
business).............................
(b) Initial cost of establishment of office (survey and expense of development p eriod ). .

$23,924,543 35
256,546 77
119,950 79
1,916,106 20
75,762 51
813,754 59
55,713 21
681,686 15
1,179,377 66
396,903 04

Total Assets Used and Useful in Small Loan Business...................................................

$29,420,344 27

Average total assets used and useful in the Small Loan Business.................................... •
Percent of net earnings derived from small loan business before deducting interest paid on
borrowed funds..................................................................................................................................

$27,465,258 51


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Federal Reserve Bank of St. Louis

8 .1 3 %

233

S M A L L L O A N L IC E N S E E S

Analysis of Charges on Loans
$6,860,404 03
6,669,456 33

Charges earned during the period from Small Loan Business
Charges collected during the period.............................................

$190,947 70

Charges earned but not collected
Percentage of charges collected. ............................................
Average amount of outstanding loans..................................
Actual monthly rate collected............. ••............•••.............
Total gross earnings derived from Small Loan Business..
Assets used and useful in Small Loan Business.. . . . . . . . .
Per cent gross earnings of total assets used and useful in the business

97 .2 2 %
$22,101,777 19
2 .5 1 %
6,825,086 71
27,465,258 51
24 .8 4 %

Analysis of Expense Per Account— Loans of $300.00 or Less
Total expenses of conducting Small Loan Business..........................................................................
Average number of open accounts........................................................................................................
Annual expense per account............................................................................... ...................................
Monthly expense per account................................................................................................................

^ ’

200 ,068

$22 94
$1 91

Analysis of Loans by Rates of Charge
as at December 31, 1939
T otal
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)

of Loan Balances Outstanding a t:
$736 071 45
per m onth.............................................................................................................................
8 .1 4 6 !l7 8 53
3%
per m onth......................................................................................................................
9.310,232 24
234% per m onth..................................................................................................................
5.322.343 18
2%
per m onth......................................................................................................................
618,238 15
134% per m onth...........................................................................................................................
51.238 80
1%
per m onth.........................................................................................................................'
109.350 19
0
per m onth.............................................................................................................................
133,713 55
6 or 7% per yea r....................... .................................................................................................. ....................................
,
............. $24,427,366 09
(i) T o t a l . . . . ......................................................................................................................
t—
„
.
. .
209,989
G) Number of open accounts............................................................................................
$116 32
(k) Average loan balance.....................................................................................................................
3 } 4 %


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Federal Reserve Bank of St. Louis

234

STATE

B A N K IN G

DEPARTM ENT

Analysis of Loans by Size
Number Percent
of
of
Acc’ts.
Total
Total loan balances outstanding at beginning of year 190,148

Loans made during the
(a) Loans of $25.00
(b) Loans of $25.01
(c) Loans of $50.01
(d) Loans of $ 10 0 .0 1
(e) Loans of $150.01
(f) Loans of $200.01

$20,320,710 97

year:
or less.................
to $50.00 .
to $ 1 0 0 .0 0 ...
to $150.00
to $200.00 ..
to $300.00 ..

12,923
43,485
83,769
58,285
46,516
71,595

4.08
13.73
26.45
18.40
14.68
22.61

(g) Total Loans of $300.00 or Less...
(h) Loans of over $300.00. ..

316,573
162

(i) Total of Loans.............

316,735

Loan balances purchased during the year
Loan balances sold during the year.
Loan balances charged off during the year

8,463
5,369
3,847

Percent Average
of
Dollars
Total

Amount

64
04
64
77
63
70

.54
4.21
15.55
17.19
18.99
43.22

$18
43
83
132
183
272

99.95
.05

$44,935,401 42
134,306 82

99.70
.30

141 94
829 05

100.00

$45,069,708 24

100.00

.........

$243,372
1,898,978
7,009,990
7,745,922
8,557,832
19,479,304

$106 86

$900,376 62
605,914 12
333,858 47

83
67
68

89
97
07

142 29
106 39
112 85
86 78

Analysis of Loans by Types of Security

Loans Made During the Year Based, in Whole or in Larger Part, on:
(a) Chattel mortgages on household goods. .
(b) Automobiles.................
(c) Other chattels..................
(d) Unsecured notes..........
(e) Endorsed and/or co-maker notes.
(f) Wage assignments.................
(g) Other considerations.............

Number of
Accounts

Amount

178, 132

$26,970,185 88

(h) Total............................

Average
Dollars

$151
133
lo3
118
109
75
141

40
10
28
02

50
72
10

141 94

Non-Paying Delinquent Accounts as at December 31, 1939
Number
of
Accounts
Accounts with no payment either of Principal or of Charges for:
(a) One month...............
(b) Two months...............
(c) Three months or m ore...
(d) Total........................


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Federal Reserve Bank of St. Louis

Amount of
Unpaid Principal
Balance

10,982
2,436
4,368

$1,189,130 51
228,874 97
402,307 54

17,786

$1,820,313 02

235

S M A L L L O A N L IC E N S E E S

Suits, Possession and Sale of Chattels
N o te : A borrow er’ s acc o u n t m a y appear u n d er an y on e or all five o f th e classification s below .

Number
of
Accounts

Amount
Due

Amount
Collected

Chattel Mortgages Foreclosed during year:
(a) Furniture taken when in use.............................................................
(b) Foreclosure secured but furniture not recovered..........................
(c) Furniture abandoned by owner or released when not in u se ...

19
1
88

$2,665 09
90 00
14,445 79

$904 61
90 00
5,173 34

(d) Total........................................................................................................

108

$17,200 88

$6,167 95

Suits for Recovery:
(a) Suits for recovery pending at close of previous year...................
(c)
(d)
(e)
Writs

Suits on which judgment was secured during year......................
Suits settled before judgment during year.....................................
Suits pending at close of current year............................................
of Replevin Served to Recover Chattels........................................

Wage Assignments Filed During Year.......................................................
Possession of Chattels Obtained by Licensee:
(A) Household Goods
By Legal Process or Contract Right
(1) When in use...............................................................................
(2) When not in use.......................................................................
By Voluntary Surrender
(B) Automobiles
By Legal Process or Contract Right
(2) When not in use.......................................................................
By Voluntary Surrender
(C) Other Chattels and Property
By Legal Process or Contract Right
By Voluntary Surrender

154
1,113
916
169
171
45

$22,406
146,514
123,999
17,321
25,172
6,806

12
20
36
48
76
45

39

5,493 17

14
26

2,618 33
4,549 59

25
111

4,123 87
16,465 89

438
216

62,418 71
26,481 92

253
279

36,238 95
44,507 87

2
14

210 40
2,260 64

5
18

742 73
2,756 85

463
498

67,620 19
81,758 11

$50,072 41
51,657 38

156
146

23,513 43
20,433 39

17,072 79
12,495 88

Sale of Chattels by Licensee:
(A) With Borrower’s Consent
(B) Without Borrower’s Consent


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Federal Reserve Bank of St. Louis

236

STATE

B A N K IN G

DEPARTMENT

TABLE N o. 36— List o f Sm all Loan Licensees as at D ecem ber 31, 1939
Name of Licensee

Location

Continental Investment Corporation............................................................. Adrian
Local Finance Corporation.. . ..........................................................................Adrian
Citizens Finance Company............................................................................... Alanson
Domestic Finance Com pany......................................................... .................. Albion
Domestic Finance Com pany......................................................................... Alma
Ervin Acceptance Company............................................................................Ann Arbor
Houshold Finance Corporation....................................................................... Ann Arbor
Local Finance Corporation................................................................................Ann Arbor
Personal Finance Company of Ann Arbor..................................................... Ann Arbor
E. M. Doty Inc.................................................................................. Bad Axe
Battle Creek Loan Company............................................................................ Battle Creek
The Colonial Finance Company......... ............................................................. Battle Creek
Globe Auto Loan, In c.*.....................................................................................Battle Creek
Household Finance Corporation.......................................................................Battle Creek
Michigan Loan Company of Battle Creek....................................................Battle Creek
Model Finance Com pany...................................................................................Battle Creek
Baxter— Reid Finance Company......................................................................Bay City
Citizens Finance Company, I n c ......................................................................Bay City
Household Finance Corporation...................................................................... Bay City
M otor Car Loan Company of Illinois.............................................................Bay City
Personal Finance Company of Bay C ity ........................................................Bay City
Citizens Finance Company............................................................................... Benton Harbor
Benton Harbor
Community Finance Company. . ........................................
Model Loan Service........................................................................! ! ! ! ! ! 1
1Benton Harbor
Personal Finance Company of Benton Harbor.............................................Benton Harbor
Eldridge, Muchler and Com pany.................................................................... Big Rapids
Beaver— Dahlquist Com pany..........................................
Cadillac
Maud V. Weaver
............................................................ ! ! ! ! ! ! ! ! ! ! ! ! ! ! Cedar Springs
Domestic Finance Company............................................................................. Charlotte
Local Finance Corporation................................................................................ Coldwater
Wolverine Finance Company........................................................................... Coldwater
Household Finance Corporation......................................................................Dearborn
Regal Finance Company.................................................................................... Dearborn
Acme Loan Com pany......................................................................................... Detroit
Aetna Finance Com pany................................................................................... Detroit
Auto Loan and Discount Com pany...........................
Detroit
Leo M. Biggs, Inc...............................................................ü ! .'.'i ü ! ü ! " i ! Detroit
Bradley Finance Company............................................................................... Detroit
Car Buyers’ Loan Company..............................................................................Detroit
Central Motor Finance Company................................................................... Detroit
Citizens Credit Company..................................................................................Detroit
The City Finance Company (4 offices).......................................................... Detroit
Commonwealth Loan Company (6 offices)....................................................Detroit
Davis Auto Finance Corporation*................... ...............................................Detroit
E. M. Doty, Inc. (3 offices)...................................................................... ’ ’ ’ ’ Detroit
Economy Finance Com pany.............................................................................Detroit
Lloyd R. Fast, Inc.............................................................................................. Detroit
Gaylord Finance Company............................................................................... Detroit
General Public Loan Corporation (2 offices)................................................. Detroit
Hartman and Com pany*...................................................................................Detroit
Household Finance Corporation (10 offices)..................................................Detroit
The Investment Loan Company. ..................... ...............................................Detroit
Loan Corporation..................................................................................' ............Detroit
McDonald Robbins Company.......................................................................... Detroit
Michigan Mortgage Loan Company*.......................... .......................... ’ * .. Detroit
Michigan Peoples Finance Corporation.......................................................... Detroit
Midwest Budget and Loan Company............................................................. Detroit
Motor Car Loan Company of Illinois............................................................. Detroit
The Ohio Finance Company............................................................................. Detroit
Peoples State Loan Company of Delaware (2 offices).................................Detroit
Personal Finance Company of Detroit (2 offices)......................................... Detroit
Personal Finance Company of Michigan........................................................ Detroit


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Federal Reserve Bank of St. Louis

S M A L L L O A N L IC E N S E E S

Provident Loan and Savings Society of Detroit (3 offices)........................Detroit
Public Loan Company....................................................................................... Detroit
Regal Finance Company (6 offices)....................................................
Detroit
Securities Acceptance Corporation..................................................................Detroit
Securities Loan Company................................................................................. Detroit
Service Loan Company of Delaware...............................................................Detroit
W. F. Stebens, In c.*.......................................................................................... Detroit
Stock Loan Com pany...........................................................
Detroit
Uniform Loan and Investment Com pany......................................................Detroit
Walton Company.........................................................................
Detroit
Local Finance Corporation................................................................................Dowagiac
Liberty Loan Corporation................................................................................Escanaba
Baxter Loan Com pany.......................................................................................Flint
Car Buyers’ Loan Company................................................................... •.........Flint
Continental Investment Corporation..............................................................Flint
Household Finance Corporation (2 offices)....................................................Flint
Industrial Loan Company of Flint............................................... ..................Flint
Jesse B. Lamos.................................................................................................. Flint
Motor City Finance Company......................................................................... Flint
Personal Finance Company of Flint..............................................................Flint
Ude Loans, Inc...................................................................................................Flint
A. and M. Finance Com pany.................................................... ............¡ . . . .Grand Rapids
American Acceptance Corporation................................................................ Grand Rapids
Car Buyers Loan Company................................ .............................................Grand Rapids
Commonwealth Loan Com pany..................................................................... Grand Rapids
Janna B. DeLeeuw............... ................................ .................................... ! . ! .Grand Rapids
Household Finance Corporation.....................................................................Grand Rapids
Industrial Mortgage Com pany........................... .............................................Grand Rapids
Jordan and Jordan..................................................................... ........................ Grand Rapids
Michigan Fidelity Loan Company (2 offices). ..............................................Grand Rapids
Personal Finance Company of Grand R apids...............................................Grand Rapids
Art s Auto Loans, In c.*......................... ............. .............................................Hamtramck
City Finance Company......................................................................................Hamtramck
Personal Finance Company of Ham tramck.
........................................... Hamtramck
Michigan Fidelity Loan Com pany..................... .............................................Hastings
Commonwealth Loan Company (2 offices)...................................................Highland Park
E. M. Doty, Inc.............. ...................................... .............................................Highland Park
General Public Loan Corporation....................................................................Highland Park
Household Finance Corporation (2 offices).................................................... Highland Park
Peoples State Loan Company of Delaware. ..................................................Highland Park
Personal Finance Company of Highland Park.............................................Highland Park
Regal Finance Company...................................................................................Highland Park
Local Finance Corporation................................................................................Hillsdale
Holland Loan Association..................................................................................Holland
Liberty Loan Corporation. . . .......................................................................... Houghton
Citizens Finance Company............................................................................... Howell
Michigan Fidelity Loan Com pany................................................................. Ionia
Liberty Loan Corporation................................................................................ Iron Mountain
Liberty Loan Corporation................................................................................ Iron wood
Personal Loan System....................................................................................... Iron wood
Sawyer Loan Company..................................................................................... Ithaca
Car Buyers’ Loan Company.............................................................................Jackson
Citizens Small Loan Company............................................ ............................ Jackson
Colonial Finance Com pany................... .’ .......................... .............................. Jackson
Continental Investment Corporation............................................................. Jackson
Elwood Finance Service................................................................................. . .Jackson
Household Finance Corporation......................................................................Jackson
Jackson Community Finance Company........................................................ Jackson
Michigan Industrial Loan Corporation..........................................................Jackson
Model Finance Service, Inc.............................................................................. Jackson
Car Buyers’ Loan Company.............................................................................Kalamazoo
Citizens Credit Corporation of Indiana......................................................... Kalamazoo
The Colonial Finance Com pany...................................................................... Kalamazoo
Fidelity Loan Company.................................................................................... Kalamazoo
Household Finance Corporation...................................................................... Kalamazoo
Industrial Finance Com pany............................................................................Kalamazoo


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Federal Reserve Bank of St. Louis

237

238

STATE BANKING D EPARTM EN T

Kalamazoo Loan Com pany.................................
Car Buyers’ Loan Company................................
The Colonial Finance Com pany.........................
Continental Investment Corporation.................
Credit Budget Company of Lansing..................
Household Finance Corporation.........................
Lansing Loan Com pany.......................................
Peoples Finance Service, Inc................................
Personal Finance Company of Lansing.............
Advance Loan Company......................................
West Michigan Finance Com pany.....................
Liberty Loan Corporation...........................
Walter C. Wylie and Company...........................
Ingham Finance Company*.................................
Nelson N. Rouse, Inc............................................
Midland Finance Com pany.................................
Peoples Finance Service, Inc................................
The Monroe Budget Com pany...........................
Monroe Finance Company...................................
Mount Clemens Finance Com pany....................
Regal Finance Company.......................................
Peoples Finance Service, Inc................................
Car Buyers’ Loan Company................................
Home Loan Company...........................................
Household Finance Corporation.........................
Industrial Mortgage Company. . . .....................
Michigan Fidelity Loan Com pany.....................
National Money Corporation..............................
Personal Finance Company of Muskegon.........
Community Finance Com pany...........................
Local Finance Company.......................................
Niles Loan Company.............................................
Domestic Finance Com pany................................
Home Loan and Finance Service........................
Julius E. Kebler.....................................................
Regal Finance Company......................................
Baxter and Teague Finance Company..............
Bradford Finance Company................................
Buckner Finance Com pany.................................
Car Buyers’ Loan Company................................
Home and Auto Loan Company of Delaware..
Personal Finance Company of Pontiac.............
Pontiac Community Finance Company............
Provident Loan and Savings Society of Detroit
Continental Investment Corporation................
Household Finance Corporation.........................
James C. M ugan....................................................
Personal Finance Company of Port Huron.
Personal Finance Company of River Rouge. . .
Personal Finance Company of Royal Oak..........
Royal Finance Com pany.......................................
Car Buyers’ Loan Company..... ...........................
Citizens Loan and Investment Company...........
General Service, Inc................................................
Household Finance Corporation...........................
Michigan Fidelity Loan Com pany.......................
Personal Finance Company of Saginaw..............
Tierney Finance Company.....................................
Walter C. Wylie and Company............................
Peoples Loan Company..........................................
Citizens Finance Company....................................
Franklin Finance Com pany...................................
Tecumseh Finance Company.................................
Citizens Credit Corporation of Indiana..............
Local Finance Corporation.....................................
Horton F. Randall...................................................


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Federal Reserve Bank of St. Louis

. Kalamazoo
. Lansing
.Lansing
. Lansing
. Lansing
.Lansing
. Lansing
. Lansing
. Lansing
. Ludington
. Manistee
. Marquette
. Marquette
. Mason
. Mason
.M idland
. Midland
. Monroe
. Monroe
.M o u n t Clemens
•M ount Clemens
.M o u n t Pleasant
. Muskegon
. Muskegon
. Muskegon
.M uskegon
. Muskegon
. Muskegon
. Muskegon
. Niles
. Niles
. Niles
. Owosso
. Owosso
. Owosso
. Plymouth
. Pontiac
. Pontiac
. Pontiac
. Pontiac
. Pontiac
. Pontiac
. Pontiac
. Pontiac
. Port Huron
. Port Huron
. Port Huron
. Port Huron
. River Rouge
. Royal Oak
. Royal Oak
. Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Sault Ste. Marie
South Haven
Sturgis
Sturgis
Tecumseh
Three Rivers
Three Rivers
Vassar

S M A L L L O A N L IC E N S E E S

Peoples Finance Com pany................................................................................ Williamston
Protection Loan Company................................................................................Wyandotte
Provident Loan and Savings Society of D etroit........................................... Wyandotte
Wyandotte Finance Company..........................................................................Wyandotte
*Not included in Table No. 35 Abstract of reports of small loan licensees.


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Federal Reserve Bank of St. Louis

239

wm

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Federal Reserve Bank of St. Louis

TABLE NO. 37

REPORTS
OF THE

Safe and Collateral Deposit Companies
IN MICHIGAN
AS FURNISHED TH E COMMISSIONER OF THE STATE BANKING D EPARTM ENT


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Federal Reserve Bank of St. Louis

DECEMBER 30, 1939


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Federal Reserve Bank of St. Louis

SAFE AND CO LLATERAL D EPO SIT COMPANIES

243

COMMONWEALTH SAFE D EPO SIT COMPANY, DETRO IT, MICHIGAN.
Incorporated May 16, 1932.
F r a n k W . W o l f , P resid en t; F red H. T a l b o t , V ice P resid en t; R u t h T. P e a r so n , Secretary-

Treasurer.
D ir e c t o r s .— Frank W . W olf, Howard P. Parshall, Fred H. Talbot, W m . W . Smith.

Statement December 30, 1939.
ASSETS

LIABILITIES

Cash on hand__________________________
Due from banks ____ ;__________________
Safe deposit vaults______________________
U. S. securities_________________________
Customers’ key account_________________
Total______ ________________________

$

Capital stock __________________________
100.00
7,484.47
Surplus ________________________________
Reserves _____ ,______ __________________
50,000.00
8,177.07Customers’ key account_________________
3,369.00

$ 50,000.00
3,057.84
12,703.70
3,369.00

Total_______________________________

$ 69,130.54

$ 69,130.54

THE D E TR O IT SAYINGS SAFE D EPO SIT COMPANY, D ETRO IT, M ICHIGAN.
Incorporated May 3, 1921.
J oseph

M. D odge , P resid en t;

D. K a y , Vice P resid en t;
Secretary-Treasurer.

E d w in

G ustave

A.

W e l l e n sic k ,

D ir e c t o r s .— Joseph M. Dodge, Edwin D. Kay, George D. Miller, Charles H . Hew itt, Gustave
A. Wellensick.

Statement December 30, 1939.
ASSETS

LIABILITIES

Due from banks_________________________
U. S. Gov’ t. Treasury bonds____________
U. S. Savings bonds____________________
Income accrued receivable______________

$ 2,758.36
126,768.75
7,500.00
997.43

Capital stock __________________________
Undivided profits, net__________________
Unearned rent payable_________________
Unearned Federal tax payable__________
Key deposit account____________________
Expense accrued payable________________

$100,000.00
3,000.00
23,604.49
297.10
10,820.00
302.95

T otal_______________________________

$138,024.54

Total_______________________________

$138,024.54

FORD SAFETY D EPO SIT COMPANY, DETRO IT, M ICHIGAN.
Incorporated September 16, 1937.
G eorge R. F ord , J r ., P resid en t; F. S. F ord , Vice P resid en t; E d w a r d F. K n ig h t , SecretaryT rea su rer; M ar y O m e r , A ssistant Secretary-Treasurer.
D ir e c t o r s .— George R . Ford, Jr., Edward F. Knight, Sam uel B. Knight, W . W . Knight, Jr.,
F. S. Ford.

Statement December 30, 1939.
ASSETS
Cash on hand__________________________
Due from banks________________________
Furniture and fixtures---------------------------Marketable securities __________________
Prepaid insurance and taxes____________
Deferred still alarm service_____________
Total__________ ____________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES
25.00
7,229.31
15.45
101,615.82
1,054.77
387.59

Capital stock __________________________
Undivided profits, net__________________
Accounts payable and accrued expenses^-

$100,000.00
4,990.72
5,337.22

$110,327.94

Total_______________________________

$110,327.94

$

244

STATE BANKING D EPARTM EN T

SAFE D EPO SIT COMPANY OF D ETRO IT, D ETRO IT, MICHIGAN.
Incorporated June 30, 1933.
B en E. Y o u n g ., P re s id en t; A. T. W il s o n , E . S. B u r n s , Vice P resid en ts; G eo . S. H o p p in , J r .,
S ecretary-T reasurer; L a w r e n c e C. T o w n s , Assistant Secretary-T reasurer; O. A. W a l d o w ,

Auditor.
D ir e c t o r s .— W . S. McLucas, Charles T. Fisher, Jr., B. E. Young, A. T. W ilson, E. S. Burns,
G. S. Hoppin, Jr.

Statement December 30, 1939.
LIABILITIES

ASSETS
Cash on hand__________________________
Due from banks________________________
U. S. bonds and securities______________
Prepaid expense—net _______________ ;
Total___________ ___________________

$

175.00
4,599.94
146,686.88
4,686.29

Capital stock __________________________
Undivided profits, net________________
Key account ___________________________
Federal and social securitytaxes________
Income received but unearned__________

$100,000.00
18.10
9,993.00
837.38
45,299.63

$156,148.11

Total__________ ____________________

$156,148.11

W AYNE SAFE D EPO SIT COMPANY, D ETRO IT, M ICHIGAN.
Incorporated March 6, 1934.
H enry

H. S an ge r , P resid en t; J o h n H. H a r t , Vice P resid en t; C. K . B a r t o w , S ecretaryT rea su rer; J. O. B ig n e l l , A ssistant T reasurer; F. F u l l e r , A ssistant Secretary.

D ir e c t o r s .— Henry H. Sanger, John H . Hart, C. K. Bartow, S. R. Kingston, C. A. Kanter.

Statement December 30, 1939.
LIABILITIES

ASSETS
Cash on hand__________________________
Due from banks________________________
Investments ______________
Accrued income ________________________
Prepaid expenses ______________________
Total_______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

60.00
2,586.10
138,075.73
1,632.98
232.27

Capital stock __________________________
Undivided profits, net___________________
Reserves for expenses___ ______________
Reserve for amortization________________
Liability for key deposits_______________
Unearned rentals ____ ._________________

$100,000.00
15,820.56
1,890.39
2,385.22
3,424.00
19,066.91

$142,587.08

Total______ ________________________

$142,587.08

$

TABLE NO. 38

REPORTS
OF THE

N A T IO N A L B A N K S
IN MICHIGAN
AS FURNISHED THE COMMISSIONER OF THE STATE BANKING D EPARTM ENT


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

DECEMBER 30, 1939


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

NATION AL BANKS OF M ICHIGAN

247

TH E NATION AL BANK OF AD RIAN , AD RIA N .
0 . T. G o o d w in , President and Chairman o f the B oard; E. C. O l iv e r , R . M . M c A f e e , Vice
P resid en ts; W . M. S h e p h e r d , Cashier; L. W . P ie r c e , A ssistant Cashier.
D ir e c t o r s .— O. T. Goodwin, J. M. Grace, E. C. Oliver, C. A . Shierson, L. J. Stafford, W . M.
Shepherd, R. M. McAfee.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $60.81
overdrafts) ------------------------------------------ $591,586.45
United States Government obligations,
direct and guaranteed__________ ;_____
108,343.01
Obligations of States and political sub­
divisions --------------------------------------------11,291.16
Other bonds, notes, anddebentures_____
68,596.19
Corporate stocks (Including $4,550.00
Stock of Federal Reserve Bank) ______
4,550.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_________________
387,619.98
Bank premises owned ___________ ________
67|50o!oo
Other assets ___________________________
1127.51

Demand deposits of individuals, partner­
ships, and corporations ______________ $471,349.47
Time deposits of individuals, partner­
ships, and corporations ______________
480,514.11
Deposits of United States Government
26,600.00
(including postal savings) ____________
Deposits of States and political sub­
divisions --------------------------------------------64,013.05
Deposits of banks ______________________
19,395.48
Other deposits (certified and officers’
10,444.36
checks, etc.) ------------------------------1____

Total

---------------------------------------------- $1,240,614.30

Total deposits______________________ 1,072,316.47
Other liabilities ________________________
1,630.03
Capital accounts:
First preferred stock _________________
23,000.00
Common stock -----------------------------------8o|oOo!oo
Surplus ----------------------------------------------31,011.91
13,977.13
Undivided profits ____________________
Reserves -----------------------18^678.76
Total

---------------------------------------------- $1,240,614.30

F IR S T NATION AL BANK OF ALPHA, ALPHA.
H en ry

J.

V e e se r , President and Chairman o f the B oa rd; I ra O d ge r s , Vice P resid en t;
W m . H. V e e s e r ., Cashier ; F r a n c e s M. H o u l m o n t , A ssistant Cashier.

D ir e c t o r s .— Ira

Odgers,

Henry

J. Veeser, W m . H . Veeser,
Marcantonio.

Roy

G. Whitehead,

Salvatore

Statement December 30, 1939.
ASSETS
Loans and discounts __________________
United States Government obligations,
direct and guaranteed _______________
Other bonds, notes, and debentures____
Corporate stocks
(including $1,350.00
stock of Federal Reserve Bank)_______
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
Bank premises owned __________________
Furniture and fixtures__________________
Real estate owned other than bank
premises _____________________________

LIABILITIES AND CAPITAL ACCOUNTS
$61,704.24
29,150.00
68,786.69
1,350.00
23,151.66
3,500.00
1,200.00
1,650.00

T o t a l------------------------------------------------ $190,492.59


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Demand deposits of individuals, partnerships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations_______________
Deposits of States and political sub­
divisions --------------------------Other deposits (certified and officers’
checks, etc.) _________________________

$31,609.87
91,698.45
19,816.67
921.22

Total deposits _____________________
144,046.21
Capital accounts:
First preferred stock _________________
20,000.00
Common s to c k ________________________
25,000.00
Undivided profits _________________________ 1,446.38
T o t a l---------------------- ------------------:------- $190,492.59

S T A T E B A N K IN G D E P A R T M E N T

248

T H E C E N T R A L N A T IO N A L B A N K A T B A T T L E C R E E K .
D on ald P . O r d w a y , Chairman o f the Board.
P r a n k G. E v a n s , P resid en t; O w e n A . R o s s m a n , G r a n t W . S m i t h , Vice P resid en ts; P h i l i p
J. R o ss, C a sh ier; E r n e s t J. F i s k , E a r l M. B u c h a n a n , A ssistan t Cashiers.
D ir e c t o r s .— Prank W olf, Frank G. Evans, E. D. Strain, D. P. Ordway, P. J. Ross, M. B.
Allen, O. A. Rossman, Lillian Bailey Bechmann, Ezra W . Clark, Earl P. Ordway.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $331.69
overdrafts) ___________________________ $1,648,194.63
United States Government obligations,
direct and guaranteed _______________ 2,264,716.24
Obligations of States and political sub­
divisions ____________________________
482,936.86
782,063.88
Other bonds, notes, and debentures------Corporate stocks (Including $30,000.00
Stock of Federal Reserve Bank) --------30,130.00
Cash, balances with other banks, Includ­
ing reserve balances, and cash items in
process of collection _________________ 1,220,848.96
Bank premises owned __________________
941,109.71
Furniture and fixtures --------------------------- 246,047.60
Real estate owned other than bank
premises _____________________________
3,749.72
Other assets ___________________________
5,031.26

Demand deposits of individuals, partner­
ships, and corporations------------------------$1,690,492.09
Time deposits of individuals, partner­
ships, and corporations ______________ 4,027,903.88
Deposits of United States Government
(including postal savings) ------------------ 394,507.41
Deposits of States and political sub­
divisions ___________________
301,462.97
Deposits of banks ______________________
10,000.00
Other deposits (certified and officers’
19,442.55
checks, etc.) _________________________

T o t a l_______________________________ $7,624,828.86

Total _______________________________ $7,624,828.86

Total deposits ______________________ 6,443,808.90
Other liabilities ________________________
6,653.18
Capital accounts:
First preferred stock _________________
465,000.00
Common stock _______________________
400,000.00
Surplus _____________________________ - 135,000.00
Undivided p ro fits _____________________
66,307.59
Reserves _____________________________
108,059.19

F IR S T N A T IO N A L B A N K O F B A T T L E C R E E K .

•

G eorge J. G e n e b a c h , P resid en t; W aldo I. S toddard , V ice P resid en t; G l e n O. H o f f h i n e s ,
E xecu tive V ice President and C a sh ier; W . D. L e is e n r in g , A ssistant Cashier and A u d itor;
W . A . G ou lder , K . W . W o l f e -, A ssistant C ash iers; R. L . B u n d y , A ssistant Auditor.
D ir e c t o r s .— W . B. Cudlip, Chas. Binder, D. H. Frazer, Jr., G. J. Genebach ; G. O. Hoffhines,
W . I. Stoddard, H . J. Stoddard.

Statem ent December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $65.02
overdrafts) ______________________
$3,331,068.96
United States Government obligations,
direct and guaranteed ------------------------ 1,660,004.69
Obligations of States and political sub­
divisions _____________________________
13,445.84
Other bonds, notes, and debentures ------- 477,582.38
Corporate stocks (including stock of
Federal Reserve Bank)-----------------------20,055.06
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection __________________ 1,615,791.76
Bank premises owned __________________
776,800.00
Furniture and fixtures --------------------------19,677.25
Real estate owned other than bank
premises _________
71,689.58
Other assets __________________________
25,209.22

Demand deposits of individuals, partner­
ships, and corporations_______________ $1,765,369.38
Time deposits of individuals, partner­
ships, and corporations ______________ 4,789,282.73
Deposits of United States Government
(including postal savings) ____________
5,000.00
Deposits of States and political sub­
divisions __________ ;_____ _____________ 245,107.58
Deposits of banks _____________
313,336.62
Other deposits (certified and officers’
checks, etc.) _________________________
97,179.18

T o t a l_______________________________ $8,011,324.74


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ______________________ 7,215,275.49
Other liabilities ________________________
54,521.05
Capital accounts:
First preferred stock _________________
396,000.00
Common stock _______________________
150,000.00
Surplus ----------------------------------------------- 100,000.00
Undivided p ro fits _____________________
73,726.38
Reserves _____________________________
21,801.82
Total

---------------------------------------------- $8,011,324.74

NATION AL BANKS OF MICHIGAN

249

SECURITY NATIONAL BANK OF B A TTLE CREEK.
G eorge C. M cK a y , Chairman o f the B o a rd ; L onn J. K a r c h e r , P resid en t; C. L. F ord , A ssistant
V ice P resid en t; H orace F. C o n k l in , Cashier and Vice P resid en t; V io l e t E. R ed m on d , L. E.
T o b ia s , E. S. L e a n , R oy E. A d r ia n so n , A ssistant C a sh iers; L. W . D o t t , Trust O fficer; W . E.
G a s t , A ssistant Trust Officer; C. J. J a c k s o n , A u d ito r; B . R . R il e y , A ssistant Cashier and

Manager Industrial Branch.
D ir e c t o r s .— Wellington R. Burt, Glenn A. Cross, Lawrence G. Fell, John A. Galloup, Burritt
Hamilton, Lonn J. Karcher, Arch E. MacGregor, George C. M cKay, C. H. Montgomery, Fred
S. Sterling, Robert R. Thomson, Richard G. Phelps, Horace F. Conklin, F. Sherriff, Charles
S. Jones.

Statement December 30, 1939.
ASSETS

l ia b il it ie s

and

c a p it a l

accounts

Demand deposits of individuals, partner­
Loans and discounts (including $897.99
ships, and corporations _______________ $2,592,068.49
overdrafts) ___________________________ $2,431,639.85
Time deposits of individuals, partner­
United States Government obligations,
ships, and corporations_______________ 2,390,242.78
direct and guaranteed________________
500,513.75
Deposits of United States Government
Obligations of States and political sub­
(including postal savings) ___________
78,000.00
437,388.76
divisions _____________________________
Deposits of States and political sub­
Other bonds, notes, and debentures________________ 710,297.04
_____________________________
203,677.56
divisions
Corporate stocks (Including $36,000.00
Deposits of banks ______________________
109,164.84
36,462.50
Stock of Federal Reserve Bank) _____
Other deposits (certified and officers’
Cash, balances with other banks, includ­
checks, etc.) - ________________________
15,078.54
ing reserve balances, and cash items in
process of collection __________________ 1,770,265.54
5,388,232.21
Total deposits ____
788,855.41
Bank premises owned __________________
35,670.60
Other liabilities ______
Furniture and fixtures _________________
71,495.06
Capital accounts:
Other assets____________________________
7,171.52
524.000.
First preferred stock
400.000.
Common stock _____
276.000.
Surplus -----------------67,159.33
Undivided profits
63,027.29
Reserves __________
Total

$6,754,089.43

$6,754,089.43

Total

THE N ATION AL BANK OF BAY CITY, BA Y CITY.
M ic h a e l W . C a r r o l l , P re s id en t; H a r r y J. D e F oe, J. S t a n l e y S ee , V ice P resid en ts; J o h n
H o f f m a n , V ice P resident and C a sh ier; G. A. H e l m r e ic h , A. C. H a r r is o n , W . S. D ic k e n ,
A ssistant C ash iers; E d w in O. L i s t , Auditor.
D ir e c t o r s .-— J. Stanley See, W illiam R. W ells, Michael W . Carroll, Harry J. Defoe, Hubert S.
Smith, Samuel P. Cranage, ,T. Franklin Eddy, John Hoffman, Louis Rupff, Howard R. Ford,
Michael M. Dardas, Homer G. Nichols.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $156.74
overdrafts) ___________________________ $1,705,476.97
United States Government obligations,
direct and guaranteed
______________ 1,261,448.13
Obligations of States and political sub­
divisions _____________________________ 1,386,631.11
Other bonds, notes, anddebentures — —
475,614.50
Corporate stocks (Including $15,750.00
Stock of Federal Reserve Bank) ---------15,750.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________ 2,236,355.65
Bank premises ow n ed ____________
186,273.13
Furniture and fixtures -----------32,977.81

Demand deposits of individuals, partner­
ships, and corporations_______________ $2,438,412.00
Time deposits of individuals, partnerslvps, and corporations ______________ 3,350,346.16
Deposits of United States Government
(including postal savings) -----------------48,941.10
Deposits of States and political sub­
divisions _____________________________
375,807.58
336,522.13
Deposits of banks ______________________
Other deposits (certified and officers’
checks, etc.) ________ ;----------- ------------54,870.54

Total

______________________________ $7,300,527.30


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits______________________ 6,604,899.51
Other liabilities ______________________ 20.35
Capital accounts:
Common stock _______________________
400,000.00
Surplus ______________________________
125,000.00
Undivided p ro fits _____________________
81,287.83
Reserves _____________________________
89,319.61
Total

______________________________ $7,300,527.30

00
00
00

250

STATE BANKING DEPARTM EN T

FARM ERS AND M ERCHANTS N ATION AL BAN K IN BENTON HARBOR.
P.

P . R o s b a c k , J r ., P resid en t; R u s s e l M. B o o t h b y , V ice P re s id en t; V ere B e c k w i t h ,
E xecu tive Vice President and C ash ier; G eo . D. T a y l o r , J. K en K e e p e r , A ssistant Cashiers.

D ir e c t o r s .— Russel M. Boothby, Vere Beckwith, Benj. F. Butzbaugh, P . P . Rosback, Jr., H. B.
Ross, Chas. E. Stoddard.

Statement December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $382.47
overdrafts) ___________________________ $566,694.12
United States Government obligations,
direct and guaranteed________________ 1,020,613.85
Obligations of States and political sub­
divisions --------------------------------------------103,207.65
Corporate
stocks
(Including $5,850.00
Stock of Federal Reserve Bank) _____
5,850.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________ 1,919,820.39
Bank premises owned __________________
72,000.00
Furniture and fixtures _________________
5,000.00
Other assets____________________________
1,403.05

Demand deposits of individuals, partner­
ships, and corporations ______________$1,695,960.81
Time deposits of individuals, partner­
ships, and corporations ______________ 1,390,939.52
Deposits of States and political sub­
244,794.70
divisions ________________________ _____
Deposits of banks __________________ __
40,909.91
Other deposits (certified and officers’
checks, etc.) _________________________
2,457.26

Total

---------------------------------------------- $3,694,589.06

Total deposits ______________________ 3,375,062.20
Other liabilities _______
24,092.39
Capital accounts:
67,500.00
First preferred stock _________________
Common stock _______________________
75,000.00
Surplus ----------------------------------------------44,500.00
Undivided profits ____________________
82,184.47
26,250.00
Reserves ---------------------- :______________
Total

---------------------------------------------- $3,694,589.06

THE BESSEM ER NATION AL BANK, BESSEM ER.
J o h n J. P r ic k , P resid en t; R. J. M u l l e n , Vice P resid en t; A . W . S c h m id t , C ash ier; L eonard
C. K u l a s a v ic z , A ssistant Cashier.
D ir e c t o r s .— John

J.

Prick,

R.

J. Mullen, Halftan Hansen,
Kulasavicz, W . G. Peterson.

Prank

Barnich,

Leonard

C.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $125.18
overdrafts) ___________________________ $227,802.02
United States Government obligations,
direct and guaranteed _______________
180,663.05
Obligations of States and political sub­
divisions _____________________________
110,186.73
Other bonds, notes, and debentures____
47,852.50
Corporate stocks (Including $2,650.00
Stock of Federal Reserve B a n k )______
2,650.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
193,490.82
Bank premises owned ____________
24,000.00
Furniture and fixtures__________________
3,000.00
Real estate owned other than bank
premises _____________________________
1.00

Demand deposits of individuals, partner­
$216,060.85
ships, and corporations__________
Time deposits of individuals, partner­
ships, and corporations ___________
402,287.69
Deposits of States and political sub­
divisions --------------------------------------------58,802.58
Other deposits (certified and officers’
checks, etc.) --------------------------------------8,343.91

T o t a l------------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$789,646.12

Total deposits _________________________ 685,495.03
Capital accounts:
Common stock ______________________
50,000.00
Surplus ----------------------------------------------37,500.00
Undivided p ro fits _____________________
4,151.09
Reserves -----------------------------------------------12,500.00
Total ------------------------------------------------

$789,646.12

251

NATION AL BANKS OF MICHIGAN
THE BIRM IN GH AM NATION AL BANK, BIRM IN GHAM .

H. E. E d w a r d s , Chairman o f the B oard; C h a s . E. J a m e s , P resid en t; E. W . S e a h o l m , Vice
P resid en t; P. G. B u r n e t t , Cashier j A. S h a n l e y R o s s o , G. E. W a r e ., A ssistant Cashiers.
D ir e c t o r s .— E . W . Seaholm, Chancey Nixon, A. C. Wermuth, Chas. E. James, John E. Martin,
H . E. Edwards, George R. Averill.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $16.48
overdrafts) ___________________________ $833,615.72
United States Government obligations,
direct and guaranteed ______________
453,284.02
Obligations of States and political sub­
divisions _____________________________
704,052.18
Other bonds, notes, and debentures ____
383,722.40
Corporate stocks (Including $6,150.00
Stock of Federal Reserve Bank) _____
6,150.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
864,027.43
Bank premises owned __________________
38,647.33
Furniture and fixtures _________________
11,922.00
Other assets ___________________________
795.32

Demand deposits of individuals, partner­
ships, and corporations ______________ $1,178,075.74
Time deposits of individuals, partner­
ships, and corporations ______________ 1,238,705.48
Deposits of United States Government
(including postal savings) ____________
7,551.26
Deposits of States and political sub­
divisions _____________________________
579,233.75
Other deposits (certified and officers’
checks, etc.) _________________________
21,581.80

Total

______________________________ $3,296,216.40

Total deposits __________________ -•__ 3,025,148.03
Other liabilities ________________________
988.92
Capital accounts:
First preferredstock __________________
17,200.00
_____________________
107,800.00
Common stock
Surplus ______________________________
81,300.00
Undivided profits ____________________
53,137.87
Reserves _____________________________
10,641.58
Total

___________________ _________ $3,296,216.40

THE F IR S T NATIONAL BANK OF BU RR OAK.
F. L. S w i h a r t , P resid en t; B e n j . T. F r y , Vice P resid en t; G uy D. B ordner , C a sh ier; J o h n B.
B o rd n er , A ssistant Cashier.
D ir e c t o r s .— F. L. Swihart, Benj. T. Fry, Henry J. Ahlgrim, Elmer A. Start, Guy D. Bordner.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $19.45
overdrafts) __________________________ $123,352.94
United States Government obligations,
direct and guaranteed ------------------------ 167,600.63
Obligations of States and political sub­
divisions ________________
7,075.00
Other bonds, notes, and debentures------34,557.50
Corporate stocks (including stock of
Federal Reserve B an k)----------1,900.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
61,049.42
Bank premises o w n ed ------------------7,250.00
Furniture and fixtures__________________
2,550.00
Real estate owned other than bank
premises _____________________________
1,500.00

T o t a l_______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$406,835.49

Demand deposits of individuals, partner­
ships, and corporations ______________
Time deposits of individuals, partner­
ships, and corporations ______________
Deposits of United States Government
(including postal savings) ____________
Deposits of States and political sub­
divisions _________________________
Other deposits (certified and officers’
checks, etc.) _________________________

$54,631.98
236,917.72
665.87
33,065.85
6,110.56

Total deposits______________________
Capital accounts:
First preferred stock _________________
Common stock ______________________
Surplus ______________________________
Undivided p ro fits --------------------------------Reserves _____________________________

331,391.98

Total _______________________________

$406,835.49

20,000.00
30,000.00
12,425.00
3,433.51
9,585.00

252

STATE BANKING D EPARTM ENT
THE F IR S T NATIONAL BANK OF CASSOPOLIS.

J a y P. H o p k i n s , P resid en t; H a r r y D. G l e a so n , Vice P resid en t; J o s e p h K . R it t e r , Cashier j
P r a n k G. S q u ir e s , R uby A. F l e t c h e r , A u s t in E . F it z g e r a l d , A ssistant Cashiers.
D ir e c t o r s .— Joseph K . Ritter, Harry D. Gleason, G. Elwood Bonine, Leland R. Funk, Jay P.
Hopkins, Frank G. Squires, C. R. Stevens.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $15.19
overdrafts) __________________________ $383,921.66
United States Government obligations,
direct and guaranteed _______________
194,369.59
Obligations of States and political sub­
12,415.33
divisions ____________ i________________
Other bonds, notes, and debentures____
131,706.84
Corporate stocks (Including $3,000.00
Stock of Federal Reserve Bank) ____
4,713.08
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
128,315.20
4,000.00
Bank premises owned___________________
Real estate owned other than bank
premises _____________________________
6,869.00

Demand deposits of individuals, partner­
ships, and corporations _____________ $150,901.21
Time deposits of individuals, partner­
ships, and corporations _______
432,388.19
Deposits of United StatesGovernment
(including postal savings) ___________
32,819.48
Deposits of States andpolitical
sub­
divisions
118,377.77
Other deposits (certified and officers’
checks, etc.) _________________________
9,483.85

Total _______________________________

$866,310.70

Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits _____________________

743,970.50
50,000.00
50,000.00
22,340.20

Total ------------------------------------------------ $866,310.70

TH E F IR S T NATION AL BANK OF CHARLOTTE.
W

il s o n

G e d d e s , P resid en t; C. S. B r o w n , Vice P resid en t; R. S. P r e s t o n , C ashier;
H a u e n s t e in , C. E . R ic e , A ssistant Cashiers.

W . J.

D ir e c t o r s .— C. S. Brown, George L. Bennett, W ilson Geddes, C. E. Rice, W . J. Hauenstein,
R, S. Preston, Clyde A. Fulton, C. R. Beechler.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $51.17
overdrafts) ___________________________ $360,280.65
United States Government obligations,
direct and guaranteed---------155,550.00
Obligations of States and political sub­
divisions _____________________________
166,935.00
244,095.00
Other bonds, notes, and debentures____
Corporate stocks (Including $4,350.00
Stock of Federal Reserve Bank) _____
4,350,00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
760,246.51
Bank premises ow n ed___________________
20,000.00
Furniture and fixtures ____________ _____
1,500.00

Demand deposits of individuals, partner­
ships, and corporations ______________ $496,587.06
Time deposits of individuals, partner­
ships, and corporations ______________
867,500.71
Deposits of United States Government
2,582.96
(including postal savings) _____
Deposits of States and political sub­
divisions _____________________________
134,628.63
Other deposits (certified and officers’
checks, e t c . ) ________________________
25,455.97

Total

_____________________ ________ $1,712,957.16


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits______________________ 1,526,755.33
Capital accounts:
Common stock _______________________
100,000.00
Surplus ______________________________
50,000.00
Undivided profits _____________________
20,201.83
Reserves _____________________________
16,000.00
Total

---------------------------------------------- $1,712,957.16

NATION AL BANKS OF M ICHIGAN

253

THE CITIZEN S NATIONAL BAN K OF CHEBOYGAN.
M. D. F r a l ic k ^ President ; R. W . L u n d , Vice President ; H. C. F r id a y , C ash ier; E. C. L ie b n e r ,

A ssistant Cashier.
D ir e c t o r s .— M. D. Fralick, R. W . Lund, W . I. W aller, W m . Barnich. J. D. Viau, G. A. Thomp­
son, K . G. Boucher.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $339.46
overdrafts) ___________________________ $250,301.37
United States Government obligations,
direct and guaranteed _____________
180,212.00
Obligations of States and political sub­
344,036.45
divisions _____________________________
Other bonds, notes, and debentures __ __ 366,335.25
Corporate stocks
(Including $3,900.00
Stock of Federal Reserve Bank) _____
3,900.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
347,546.65
Bank premises ow n ed ___________________
23,750.00
Furniture and fixtures _________________
620.00
Other assets____________________________
611.52

Demand deposits of individuals, partnerships, and corporations ______________ $307,542.71
Time deposits of individuals, partner­
ships, and corporations ______________ 963,360.71
Deposits of States and political sub­
64,679.09
divisions ___________
Other deposits (certified and officers’
checks, etc.) _________________________
5,787.13

Total ------------------------------------------------$1,517,813.24

Total _______________________________ $1,517,813.24

Total deposits ______________________ 1,341,369.64
Other liabilities ________________________
1,919.25
Capital accounts:
First preferred stock _________________
30,000.00
Second preferred s t o c k _______________
10,000.00
Common stock _______________________
60,000.00
30,000.00
Surplus ____________________________
Undivided profits ____________________
4,524.35
Reserves _____________________________
40,000.00

TH E SOUTHERN M ICHIGAN NATION AL BANK OF COLDW ATER.
N. G. K o h l , P re s id en t; H . K . S n y d e r , V ice P resid en t; H ow ar d E. L e e s , C ash ier; W . H.
S w e e t , A ssistant Cashier.
D ir e c t o r s .— B. R. Warner, A. B. Walker, A. G. Holbrook, N. G. Kohl, H . K . Snyder, Geo. M.
Branch, W m . H . Milnes.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $57.72
overdrafts) ____ ..______________________ $666,414.69
United States Government obligations,
503,078.31
direct and guaranteed________________
Obligations of States and political sub­
divisions ___
593,656.08
Other bonds, notes, and debentures____
390,667.26
Corporate stocks (Including $8,400.00
Stock of Federal Reserve Bank) _____
8,400.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
607,315.89
Bank premises owned __________________
17,000.00
Furniture and fixtures _________________
6,000.00
Other assets ___________________________
1,587.00

Demand deposits of individuals, partner­
ships, and corporations_______________ $916,938.28
Time deposits of individuals, partner­
ships, and corporations ______________ 1,367,510.32
Deposits of United States Government
(including postal savings) ________ *__
4,436.73
Deposits of States and political sub­
divisions _____________________________
147,473.27
Other deposits (certified and officers’
6,102.45
checks, e t c .) __________________________

Total

______________________________ $2,794,119.23


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits______________________ 2,442,461.05
Other liabilities ________________________
2,512.95
Capital accounts:
Common stock _______________________
165,000.00
Surplus ______________________________
115,000.00
Undivided profits ______ ______________
23,329.56
Reserves _____________________________
45,815.67
Total

---------------------------- ----------------- $2,794,119.23

254

STATE BANKING DEPARTM EN T
F IR S T NATIONAL BAN K OF CR YSTAL FALLS.

H er m a n

H o l m e s , P re s id en t; E.

J. O s w a l d , Vice P re s id en t; R.

M.

O d ge r s ,

Cashier.

D ir e c t o r s .— Herman Holmes, E . J. Oswald, C. D. Dwyer, N. Pivatto, L. A. Henry.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $50.77
overdrafts) _______________ :__________ $127,592.86
United States Government obligations,
direct and guaranteed _______________
74,054.69
Obligations of States and political sub­
divisions _____________________________
17,900.00
Other bonds, notes, and debentures____
274,891.50
Corporate stocks (Including $1,800.00
Stock of Federal Reserve Bank) _____
1,800.00
Cash, balances with other banks, Includ­
ing reserve balances, and cash items in
process of collection __________________
112,145.30
Bank premises ow n ed___________________
15,525.00
2,285.00
Furniture and fixtures __________
Other assets ___________________________
11,180.72

Demand deposits of individuals, partner­
ships, and corporations ______________ $195,742.39
Time deposits of individuals, partner­
ships, and corporations______________
260,277.03
Deposits of United States Government
(including postal savings) ____________
40,504.11
Deposits of States and political sub­
divisions _____________________________
67,844.80
Other deposits (certified and officers’
checks, etc.) _________________________
4,145.75

T o t a l_______________________________

$637,375.07

Total deposits______________________
Capital accounts:
First preferred s t o c k _______________
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________

568,514.08

T o t a l______________________ l_______

$637,375.07

15,000.00
35,000.00
10,000.00
8,860.99

TH E M ANUFACTURERS NATION AL BAN K OF D ETRO IT.
H e n r y H . S a n g e r , P resid en t; C h a r l e s A. K a n t e r , Senior Vice P re s id en t; C h a r l e s K .
B a r t o w , Vice P resident and Secretary o f the B o a rd ; J o s e p h P . V e r h e l l e , V ice P resident
and C om ptroller ; R o d e r ic k P . F r a s e r , J o h n H . H a r t , S. R . K in g s t o n , F r a n k J. M a u r ic e ,
B e n j a m in 6 . Y er n or , F red J. B e y e r , G eorge R. T a i t , H e r b e r t H . G ar dn er , N o r m a n H.
M o y s e y , V ice P resid en ts ; L. G eorge B o t t , W i l l i a m A . M a y b e r r y , H arrod C. N e w l a n d ,
2nd Vice P resid en ts ; A l f r e d A . Z a h r n , Trust Officer; A. A . J e n k i n s , A ssistant Trust
O fficer; R . C. W a n d e l , C ash ier; C h a r l e s A . S t o l l , Auditor.
D ir e c t o r s .— Sherwin A. H ill, Alex Dow, Edsel B. Ford, George R. Fink, Clifford B. Longley,
Murray W . Sales, Henry H. Sanger, Wesson Seyburn, Charles A. Kanter.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $458.30
overdrafts) __________________________ $30,173,956.29
United States Government obligations,
direct and guaranteed _______________ 54,083,027.10
Obligations of States and political sub­
divisions _______
2,717.026.26
Other bonds, notes, and debentures____ 8,075,379.95
Corporate stocks (Including $180,000.00
Stock of Federal Reserve Bank) _____
279,500.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________ 63,120,229.54
Bank premises owned _______________ ____ 333,001.43
Furniture and fixtures__________________
1.00
Other assets ___________________________ 1,310,370.40

Demand deposits of individuals, partner­
ships, and corporations______________ $87,526,244.84
Time deposits of individuals, partner­
ships, and corporations ______________ 26,105,317.16
Deposits of United States Government
(including postal savings) _________
67,357.58
Deposits of States and political sub­
divisions _____________________________ 7,937,787.93
Deposits of banks ______________________ 27,913,726.59
Other deposits (certified and officers’
checks, etc.) _________________________ 1,131,322.92

Total _____________________________ $160,092,491.97

T o t a l---------------------------------------------$160,092,491.97


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits_____________________ 150,681,757.02
Other liabilities ________________________ 1,078,808.77
Capital accounts:
Common stock _______________________ 3,000,000.00
Surplus ______________________________ 3,000,000.00
Undivided profits ____________________ 1,879,780.14
Reserves _____________________________
452,146.04

N ATION AL BANKS OF MICHIGAN

255

NATION AL BANK OF D ETRO IT, D ETRO IT.
W a l t e r S. M c L u c a s , Chairman o f the Board.
C h a r l e s T. F is h e r , J r ., P resid en t ; S cott C a r p e n t e r , H e r b e r t L. C h it t e n d e n , R a l p h
H. G a in e s , H a l Y. L e m o n , F r a n k E. O 'B r ie n , E dw ar d H. R o ge r s , W a l t e r F. T r d e t t n e r ,
D o n ald F. V a l l e y , A lfre d T. W il s o n , B en E. Y oung , Vice Presidents ; W . E ar le B l a k e l e y ,
G eorge W . C il l e y , D e n n is A. D a r in , A rn old D. F r e y d l , E u g e n e T. G a r n e r , L eo D.
H e a p h y , H e r m a n A. L e it n e r , E dw ar d C. M a h l e r , R ay H . M u r r a y , J o h n R. W a l s h ,
J o h n S. W e l l s , H arold B. A s p l i n , W i l l ia m H. H o ey , H a r r y C. S c h a e f e r , A lv a n
M a c a u l e y , J r ., A ssistant Vice P resid en ts ; E l b e r t S. B u r n s , C ashier ; E a r l J. F a il o r ,
C om ptroller ; C h a s . P. B e s a n c o n , A lfre d R. G l a n c y , J r ., G eorge S. H o p p i n . J r ., W . R o ss
L a in g , W il l i a m P o w e r s , J o h n M. R e ic h e n b a c h , B e r n h a r d C. S c h u m a c h e r , G eorge H.
Z i m m e r m a n , G er a ld F. D e w h i r s t , S id n e y J. D o w d in g , J a m e s H. F a r r a r , W i l l ia m A.
L e t t o n , L y le E. M adden , J ay W . S c h o c h , O r v il l e H. S t o n e b u r g h , A ssistant C ashiers;
H e n r y S. H u l b e r t , Vice President and Trust Officer; C. H . H a b e r k o r n , J r ., V ice President
and Assistant Trust Officer; H e n r y T. B o d m a n , G eorge E. P a r k e r . J r ., A ssistant Trust
Officers and A ssistant Vice P resid en ts ; M a l c o l m M c M i l l i a n , R ay D. Y oung , L e s t e r E.
Z u b r ig g , A ssistant Trust Officers; O t t m a r A. W a l d o w , A u d ito r; R o ber t P . C a m p b e l l ,

A ssistant Auditor.

D ir e c t o r s .— Henry E. Bodman, Donaldson Brown, John B. Ford, Jr., James S. Holden, James
Inglis, W alter S. McLucas. James T. McMillan. Alvan Macaulev, Peter J. Monaghan, Alfred
P. Sloan, Jr., R. Perry Shorts, Charles T. Fisher, Fred J. Fisher, W illiam S. Knudsen,
Charles T. Fisher, Jr.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $9,715.61
overdrafts) ____________________________ $68,217,885.20
United States Government obligations,
direct and guaranteed _______________197,317,551.95
Obligations of States and political sub­
divisions ___
3,016,272.68
Other bonds, notes, and debentures____ 14,956,078.60
Corporate stocks (Including $772,500.00
Stock of Federal Reserve Bank) _____
872,500.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection______ __________ 208,315,616.57
Bank premises owned __________________
781,173.18
Investments and other assets indirectly
representing bank premises or other
real estate _________________________
6,200.04
Customers’ liability to this bank on ac­
ceptances outstanding _______________
27,073.26
Other assets-------------------------------------------- 2,505,646.86

Demand deposits of individuals, partner­
ships, and corporations
__________ $242,011,951.06
Time deposits of individuals, partner­
ships, and corporations _____________ 92,832,423.71
Deposits of United StatesGovernment
(including postal savings) ___________ 20,327,284.47
Deposits of States andpolitical
sub­
divisions
25,678,840.81
Deposits of banks ______________________ 77,311,074.84
Other deposits (certified and officers’
checks, etc.) __________________________ 4,151,724.27

Total

$496,015,998.34

Total deposits____________________ 462,313,299.16
Acceptances executed and ontstanding
27,073.26
Other liabilities______________________ ___ 836,310.42
Capital accounts:
First preferred stock ______________
9.250.000.
00
Common stock _____________________
8.250.000. 00
Surplus ____________________________ ._ 8,250,000.00
Undivided p ro fits ___________________
5,974,203.69
Reserves ___________________________
1,115,111.81
Total

____$496,015,998.34

TH E DOW AGIAC NATION AL BANK, DOW AGIAC.
E. B r u ce L a in g , P resident and Chairman o f th e B oa rd ; C h a r l e s H eddon , V ice P resid en t;
C la r e F. P u g sl e y , C ash ier; F ay A t w o o d , K a t h r y n M u r p h y , A ssistant Cashiers.
D ir e c t o r s .— Charles Heddon, Clare F. Pugsley, Richard M. Judd, E. Bruce Laing, John
Heddon.

Statement December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $173.56
overdrafts) ___________________________ $352,319.63
United States Government obligations,
direct and guaranteed________ - ______
183,490.49
Obligations of States and political sub­
divisions ____________________
56.082.69
Other bonds, notes, and debentures____
31,454.00
Corporate stocks (Including $2,700.00
Stock of Federal Reserve Bank)_______
3,575.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________ 1,025,284.00
Bank premises owned __________________
7,934.51
Furniture and fixtures _________________
3,953.27

Demand deposits of individuals, partner­
ships, and corporations ______________ $653,760.80
Time deposits of individuals, partner­
ships, and corporations_______________
763,659.42
Deposits of United States Government
(including postal savings) _________
103,454.68
Other deposits (certified and officers’
checks, etc.) _________________________
22,904.70

T o t a l------------------------------------------------$1,664,093.59

T o t a l_______________________________ $1,664,093.59


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits _____________________ 1,543,779.60
Capital accounts:
First preferred stock ________________
24,000.00
Common s to c k ________________________
26,000.00
Surplus ______________________________
50,000.00
11,516.05
Undivided profits ____________________
Reserves _____________________________
8,797.94

STATE BANKING D EPARTM ENT

256

THE NATION AL BANK O F EATON RA PID S, EATON RA PID S.
W.

E.

W e b s t e r , P resid en t ; G eorge L. P e t t i t , G eo . F . M il l e r , V ice P resid en ts; E .
F l o r ia n , C ash ier; H . E. G il l e t t , A ssistant Cashier.

G.

D ir e c t o r s .— C. W . Greene, Geo. F. Miller, George L. Pettit, R. G. Toncray, W . E. Webster.

Statement December 30. 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts (including $5.60
overdrafts) __________________________
United States Government obligations,
direct and guaranteed _________ ,_____
Obligations of States and political sub­
divisions _____________________________
Corporate stocks
(Including $1,850.00
Stock of Federal Reserve Bank) ____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection ________________
Bank premises owned __________________
Furniture and fixtures _________________
Real estate owned other than bank
premises _____________________________
Other assets _____________________
Total

$97,285.03
179,269.41
10,659.94
1,850.00
187,042.33
7,500.00
500.00
1,006.95
31.50

Demand deposits of individuals, partner­
ships, and corporations _____________ $341,779.21
Deposits of United States Government
(including postal savings) ____________
1,189.52
Deposits of States and political sub­
divisions ____________
36,499.74
Other deposits (certified and officers’
checks, etc.) _____
22,771.27
Total deposits ____________
Other liabilities ________________________
Capital accounts:
Common s t o c k ______________________
Surplus ______________________________
Undivided profits _____________________

402,239.74
1,568.85

______________________________

$485,145.16

Total

------------------------------------------- $485,145.16

50,000.00
11,000.00
20,336.57

THE ESCANABA NATION AL BANK, ESCANABA.
M. N. S m i t h , P resid en t ;
D ir e c t o r s .— M.

N.

H. J. R u s h t o n , Vice P resid en t ; W . .T. S c h m i t , C ash ier; E. L.
M o e r s c h , W m . L e ip e r , A ssistant Cashiers.

Smith,

Coleman

Nee,

II.

M.

Stack,

H.

J.

Rushton,

John

P.

Norton.

Statement December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $11.60
overdrafts) --------------------$729,459.82
United States Government obligations,
direct and guaranteed ________________
941,940.13
Obligations of States and political sub­
divisions __ ,--------------------------- -------------1,002.00
Other bonds, notes, and debentures------- 258,620.46
Corporate stocks (including stock of
Federal Reserve Bank) _______________
6,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
413,788.74
Bank premises owned __________________
58,000.00
Furniture and fixtures _________________
7,400.00
Real estate owned other than bank
premises _____________________________
20,043.35

Demand deposits of individuals, partner­
ships, and corporations ______ .i______ $561,135.01
Time deposits of individuals, partner­
ships, and corporations ______________ 1,350,400.10
Deposits of United States Government
(including postal savings) _______
153,594.32
Deposits of States and political sub­
divisions ______________________________
84,009.85
Deposits of banks ______________________
21,421.05
Other deposits (certified and officers’
checks, etc.) _________________
17,575.08

T o t a l_______________________________ $2,436,254.50

T o t a l____________ __________________ $2,436,254.50


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits__„___________________ 2,188,135.41
Capital accounts:
First preferred stock _________________
100,000.00
Common stock _______________________
50,000.00
Surplus ______________________________
50,000.00
Undivided p ro fits ________________
20,083.07
Reserves _____________________________
28,036.02

257

NATIONAL BANKS OF MICHIGAN
TH E F IR S T N ATION AL BANK OF ESCANABA.
L e s l ie

F r e n c h , P resid en t; G eorge N. H arder , V ice P resid en t; E. G. R o yc e ,
F. F. R oyc e , H . A . P e t e r so n , E . B. H a r r is , A ssistant Cashiers.

C ash ier;

D ir e c t o r s .— Herman Gessner, Leslie French, George N. Harder, James E. Frost, Louis P.
Groos.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS

Demand deposits of individuals, partner­
Loans and discounts (including $104.94
ships, and corporations________________ $563,409.23
overdrafts) ___________________________ $1,035,090.36
Time deposits of individuals, partner­
United States Government obligations,
ships, and corporations__ ____________ 2,735,079.03
direct and guaranteed________________
603,040.65
Deposits of United States Government
Obligations of States and political sub­
(including postal savings)__________-—
1,048.54
427,893.41
divisions _____________________________
Deposits of States and political sub­
Other bonds, notes, and debentures_________________ 756,006.23
divisions
_____________________________
59,499.08
Corporate stocks (Including $6,000.00
Deposits of banks _____________________
20,080.63
Stock of Federal Reserve Bank)_________________ 6,198.25
Other deposits (certified and officers’
Cash, balances with other banks, includ­
checks, etc.) _________________________
13,857.45
ing reserve balances, and cash items in
process of collection__________________
906,519.71
Total deposits _____________________ 3,392,973.96
Bank premises owned___________________
25,000.00
19,104.99
Other liabilities -----------------------------------Furniture and fixtures__________________
1,966.83
Capital accounts:
Real estate owned other than bank prem­
Common stock ______________________
100,000.00
ises ________________________________ —10,230.00
Surplus ________
100,000.00
Investments and other assets indirectly
Undivided p ro fits--------------------------------151,171.88
representing bank premises or other
Reserves ________________________
10,607.12
real estate ___________________________
1,550.00
Other assets ____________________________
362.51
. $3,773,857.95

Total

$3,773,857.95

Total

THE F IR S T NATIONAL BANK OF EVART, EVART.
H.

A. M c L a c h l a n , President and Chairman of the B o a rd ; C. A. L e w i s , Vice P resid en t;
L u d w ig B o h l s , C ash ier; B . L . N a g y , A ssistant Cashier.

D ir e c t o r s .— H . A. McLachlan, J. W . McLachlan, W . F. Henry, C. A . Lewis, A. J. Butler,
Ludwig Bohls, G. D. Rowe.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS
Loans and discounts_______ :____________ $236,606.33
United States Government obligations,
direct and guaranteed_________________
22,500.00
Obligations of States and political sub­
divisions _______________________________
73,475.00
Other bonds, notes, and debentures-------27,250.00
Corporate stocks (Including $1,450.00
Stock of Federal Reserve Bank)-------1,450.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection______________.___
90,918.67
Bank premises owned_____________________
17,000.00

Total

__________ ___________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$469,200.00

Demand deposits of individuals, partner­
ships, and corporations_______________ $128,792.79
Time deposits of individuals, partner­
ships, and corporations_______
246,804.39
Deposits of United States Government
(including postal savings)--------------------1,000.00
Deposits of States and political sub­
divisions _____________________________
33,025.50
Other deposits (certified and officers’
checks, etc.) ____ ,------------------------------3,577.32
Total deposits ______________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits_____________________
Total

______________________________

413,200.00
35,000.00
13,000.00
8,000.00
$469,200.00

258

STATE BANKING D EPARTM ENT
NATIONAL BANK OP FLINT, FLINT.
C. F. B a r t h , Chairman o f the Board.

R. T. L o n g w a y , P resid en t; A. B. C. H a r d y , C o l m a n J. R o s s , Vice P resid en ts; W e n de ll
J. C o o k , C ash ier; A r t h u r F. D e Y o n k e r , G eorge G. S p a u l d in g , A ssistant Cashiers;
W . C. D i c k i e , V ice P resident and Trust Officer; A. N e w c o m b e H o c k in g , A ssistant Trust
Officer; L eonard C l a r k e , Auditor.
D ir e c t o r s . Charles F. Barth, Ray A. Czacliorski, A. B. C. Hardy, Albert Koegel, Robert T
Longway, J. C. MacGregor, M. D., James Parkhill, Colman J. Ross, W ilfred C Dickie
Ferdinand A. Bower, Thomas Pithithly.

Statement December 30, 3939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $22.38
Demand deposits of individuals, partner­
overdrafts)
------------------------------------- $1,251,967.14
ships, and corporations ----------------------$3,085,485.22
United States Government obligations,
Time deposits of individuals, partner­
direct and guaranteed____ ___________ 3,090,053.76
ships, and corporations______________ 2,217,075.74
Obligations of States and political sub­
Deposits of States and political sub­
797,155.03
divisions ----------divisions --------------------------------------------- 986,078.52
Other bonds,notes, anddebentures___________________ 398,335.62
27,900.75
Deposits of b a n k s _____________________
Corporate stocks (including $20,550.00
Other deposits (certified and officers’
Stock of Federal Reserve Bank)__________________ 20,550.00
checks, etc.) ___________________ ._____
74 021.72
Cash, balances with other banks, includ­
ing reserve balances, and cash items In
Total deposits ------------------------------- 6,390,561.95
process of collection__________________ 1,800,804 08
Other liabilities __
16,136.31
’ l ’oo
Furniture and fixtures__________________ ’
Capital accounts:
Other assets____________________________
30 787 60
Common stock _______________________
400,000.00
Surplus — ------------------------------------------ 290^000.00
Undivided p rofits_____________________
140,091.92
Reserves -------------------------------------152’864.05
Total

$7,389,654.23

Total

---------------------------------------------- $7,389,654.23

F IR S T NATIONAL BANK IN GLADSTONE, GLADSTONE.
E lof

H a n so n , P resid en t; J a s . T. J o n e s , V ice P resid en t;
N o b l e t , A ssistant Cashier.

D ir e c t o r s .— Elof

Hanson,

Loyal

W.

Hanson,

Jas.

T.

E.

J.

N o r e u s , C ash ier;

Jones,

F.

A.

Miller,

S.

R.

E.

H

Venue

Statement December 30. 3939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts ___________________ $178,075.94
United States Government obligations,
direct and guaranteed_________________
85,600.00
Obligations of States and political sub­
divisions --------------------------------------------28,600.00
Other bonds, notes, and debentures____
83,654.00
Corporate stocks (including stock of
Federal Reserve Bank)_______________
1,800.00
Cash, balances with other banks, includ­
ing reserve balances, and cash Items in
process of collection _________________
122,237.73
Bank premises owned________________
1L500.00
Furniture and fixtures________________'_
4 ,2 5 0 .0 0
Other assets ___________________________
3 75g 43

Demand deposits of individuals, partner­
ships, and corporations ______________ $110,852.76
Time deposits of individuals, partner­
ships, and corporations ______________
312,366.98
Deposits of United States Government
(including postal savings)____________
8,609.90
Deposits of States and political sub­
divisions ______________________ _______
17,877.87
Other deposits (certified and officers’
checks, etc.) --------------------------------------1,377.53

Total ------------------------------------------------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$519,474.12

Total deposits____________________
Other liabilities - _______________________
Capital accounts:
First preferred stock _________________
Common stock _______________________ _
Surplus ----------------------------------------------Undivided profits ____________________
Reserves --------------------------------------------T o t a l---------------------- -----------------------

451,085.04
149.49
26,800.00
23,200.00
10,000.00
3,769.01
4,470.58
$519,474.12

NATIONAL BANKS OF MICHIGAN

259

THE NATIONAL BANK OF GRAND RAPIDS, GRAND RAPIDS.
J o s e t h H. B r e w e r , President ; A r t h u r E. W e l l s , J a m e s V ic to r St u a r t , Vice P residents ;
J o h n L a r so n , C ash ier; H a r ry C. L u n dre rg , A r c h ib a l d K. G ib s o n , A ssistant C ashiers;
R u s s e l l F a ir l e s , Auditor.
D ir e c t o r s .— Hollis S. Baker, M. R. Bissell, Jr., W illiam A. Hyland, Earle S. Irwin, Boyce
K. Muir, Joseph H. Brewer, Arthur E. W ells, Percy Owen, James L. Mclnerney, Harold T.
Fletcher.

«
Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $6,221.61
overdrafts) __________________________ $2,277,354.35
United States Government obligations,
direct and guaranteed _______________ 3,789,671.87
Obligations of States and political sub­
divisions ___________________
127,882.51
630,279.66
Other bonds, notes, and debentures____
Corporate stocks (including $30,000.00
Stock of Federal Reserve Bank)_______
30,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
6,388,744.44
process of collection _____
Furniture and fixtures_______________
1.00
19,716.35
Other assets ___________________________

Demand deposits of individuals, partner­
ships, and corporations ____________ $4,747,927.87
Time deposits of individuals, partner­
ships, and corporations_____1_ 2,697,174.67
Deposits of United StatesGovernment
(including postal savings)_____________
40,408.54
Deposits of States andpolitical
sub­
divisions
1,996,376.69
Deposits of banks_______________________ 2,043,485.89
Other deposits (certified and officers’
357,474.37
checks, etc.) _________________________

Total

----- :_________________________ $13,263,650.18

Total deposits ___________________ 11,882,848.03
26,736.96
Other liabilities ________________________
Capital accounts:
First preferred stock__________________
180,000.00
Common stock _______________________
500,000.00
Surplus ________________________ ,-------- 320,000.00
Undivided profits ____________________
264,569.74
89,495.45
Reserves _____________________________
Total

_____________________________ $13,263,650.18

PEOPLES NATIONAL BANK OF GRAND RAPIDS.
I ra A . M oore , P resid en t; J o h n H e r m a n , J o h n B. M a r t in , Vice P resid en ts ; O r r in B.
D a v e n p o r t , Vice P resident and C ash ier; H a r r y J. P ro cto r , R o bert B. S c h m id t , C l a y t o n
W . K u n in g , A ssistant C ash iers; M a u r ic e B r a n d t , Auditor.
D ir e c t o r s .— John Hekman, John B. Martin, Ira A. Moore, W illard F. Keeney, W illiam R.
McCaslin, Armen S. Kurkjian, Paul G. Goebel, Wade E. Sackner, Titus W . Hager, Curtis
M. W ylie.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Demand deposits of individuals, partner­
Loans and discounts (including $417.44
ships, and corporations_______________ $3,585,881.48
overdrafts) __________________________ $2,756,210.04
Time deposits of individuals, partner­
United States Government obligations,
ships, and corporations_______________ 2,715,275.57
direct and guaranteed _______________ 2,725,050.47
Deposits of United States Government
Obligations of States and political sub­
(including postal savings)_____________
126,000.00
divisions _____
1,471,957.86
Deposits of States and political sub­
Other bonds, notes, anddebentures__________________ 39,889.52
divisions ________________ _____________ 1,995,580.64
Corporate stocks (including stock of
Deposits of banks________________
419,153.58
Federal Reserve Bank)_______________
27,000.00
Other deposits (certified and officers’
Cash, balances with other banks, includ­
checks, etc.) __________________________
71,011.36
ing reserve balances, and cash items in
process of collection _________________ 2,927,376.43
Total
deposits
___________________
8,912,902.63
Furniture and fixtures _________________
1.00
Capital accounts:
Other assets ___________________________
421.03
Common stock _______________________
400,000.00
Surplus ______________________________
500,000.00
Undivided p ro fits ____________________
58,576.97
Reserves _____________________________
76,426.75
Total _______________________________$9,947,906.35


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

T o t a l________________________ ______ $9,947,906.35

260

STATE BANKING D EPARTM ENT
THE NATION AL M ETALS BANK OF HANCOCK.

J. P. T h o r n t o n , P resid en t; P ie r c e R o b e r t s , Vice President and M anager Calumet B ran ch ;
R . C. H a r r in g t o n , Cashier; B. R . B o r c h g r e v in k , A ssistant Cashier; M. B. H o l m q u is t ,
A ssistant Cashier and A u d ito r; J. E lo f S m i t h , M anager Laurium B ra n ch ; G eorge - S.
H e n r y , M anager Ironwood B ra n ch ; V in c e n t A r b a n a s , A ssistant M anager Calumet B ran ch ;
L. N. T i n e t t i , A ssistant Manager Laurium B ra n ch ; G. A . D a h l e n , A ssistant Manager
Ironw ood B ra n ch ; J o h n G. K il p e l a , A ssistan t M anager Laurium Branch.
D ir e c t o r s .-— John Bandettini, John G. Bennetts, E. W . Massie, C. F. Niemela, W . R. Thompson,
J. P. Thornton, E. M. Lieblein.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $81.96
Demand deposits of individuals, partner­
overdrafts) ------------------------------------------ $1,583,478.51
ships, and corporations_______$1,495,027.61
United States Government obligations,
Time deposits of individuals, partner­
direct and guaranteed________________ 1,891,745.79
ships, and corporations______________ 4,164,990.25
Obligations of States and political sub­
Deposits of United StatesGovernment
divisions --------------------------------------------- 341,217.55
(including postal savings)_____________
17,296.24
Other bonds, notes, and debentures_________________ 404,086.24
Deposits of States andpolitical
sub­
Corporate stocks (including $22,800.00
divisions
188,250.17
22,834.00
Stock of Federal Reserve Bank)______
Other deposits (certified and officers’
Cash, balances with other banks, includ­
checks, etc.) ___________________________
25,393.07
ing reserve balances, and cash items in
process of collection ______________
2,288,422.56
Total deposits____________________ 5,890,957.34
Bank premises o w n e d __________________
45,000.00
Other liabilities ________________________
7,582.56
Furniture and fixtures__________________
7,624.29
Capital accounts:
28,907.13
Other assets ___________________________
Common stock _______________________
500,000.00
160,000.00
Surplus ----------------1___________________
Undivided profits _______________
47,115.68
Reserves _____________________________
7,660.49
Total __----------;---------------------------------- $6,613,316.07

T o t a l------------------------------------------------ $6,613,316.07

TH E SUPERIOR N ATION AL BANK OF HANCOCK.
C h a r l e s L. L a w t o n , P resid en t; G ordon R. C a m p b e l l , J o s e p h R u p p e , Vice P resid en ts;
R ic h a r d E . O d ge r s , E xecu tive Vice President and C ash ier; W . S. H e n d r ic k s e n , B ernard
O r e l l a , M i l e s B . K il l m a r , A ssistant Cashiers.
D ir e c t o r s .— Ray W . Armstrong, Gordon R. Campbell, W illiam Johnson, Charles L. Lawton,
Richard E. Odgers, Joseph Ruppe, Richard Vollwerth.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $98.74
overdrafts) ------------------------------------------ $322,784.43
United States Government obligations,
direct and guaranteed________________
675,949.80
Obligations of States and political sub­
divisions ------68,579.84
Other bonds, notes, and debentures_____
223,253.71
Corporate stocks
(including $6,000.00
Stock of Federal Reserve Bank)_______
6,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection___________________
359,752.43
Bank premises owned___________________
25,250.00
Furniture and fixtures__________________
2,557.79
Other assets ___________________________
318.68

Demand deposits of individuals, partner­
ships, and corporations_______________ $445,493.05
Time deposits of individuals, partner­
ships, and corporations ______________
925,369.86
Deposits of United States Government
(including postal savings)_________
5,063.06
Deposits of States and political sub­
divisions -------:________________________
76,046.94
Deposits of banks_______________________
9,152.37
Other deposits (certified and officers’
checks, etc.) _________
6,035.70

Total

--------------------------------------------- $1,684,446.68


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ___________________ 1,467,160.98
Capital accounts:
First preferred stock ________________
42,500.00
Common stock _______________________
100,000.00
Surplus ______________________________
57,500.00
Undivided profits ____
17,003.90
Reserves _____________________________
281.80
Total

____________________ _________ $1,684,446.68

261

NATION AL BANKS OF MICHIGAN
NATION AL BANK OF HASTINGS, HASTINGS.

E m il T yde n , P resid en t; R ic h a r d A. G roos , Vice P resid en t; W ar r e n E. C a r t e r , V ice P resi­
dent and C ash ier; O r v il l e A. S a y l e s , A ssistant Cashier.
D ir e c t o r s .— Emil Tyden, Joseph McKnight, Elmer A. Caukin, Warren E. Carter, Richard
A. Groos, James W . Radford, George Leonard.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $153.13
overdrafts) ___________________________ $381,407.48
United States Government obligations,
direct and guaranteed
__
231,389.07
Obligations of States and political sub­
divisions _____________________________
47,515.84
Other bonds, notes, and debentures_____
113,206.57
Corporate stocks (including stock of
1,850.00
Federal Reserve Bank) ______________
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection______________
290,215.19
Bank premises owned_________
26,500.00
Furniture and fixtures__________________
4,250.00
103.25
Other assets ___________________________

Demand deposits of individuals, partner­
ships, and corporations_______________ $388,224.39
Time deposits of individuals, partner­
ships, and corporations_______________
525,548.02
Deposits of States and political sub­
divisions __________ !____ ______________
88,222.84
Deposits of banks_______________________
2,984.18
Other deposits (certified and officers’
checks, etc.) _________________________
3,757.37

Total

---------------------------- ------------------$1,096,437.40

Total deposits ___________________ 1,008,736.80
Other liabilities ________________________
.66
Capital accounts:
Common s to c k ________________________
50,000.00
Surplus ______________________________
15,000.00
Undivided profits ____________________
18,968.97
Reserves ____ ,________________________
3,730.97
Total

______________________________ $1,096,437.40

TH E F IR S T NATION AL BAN K OF HERM ANSVILLE.
S t e w a r t E. E a r l e , P resid en t; G. H ar old E a r l e , Vice P resid en t; C h r i s . H. G r ib b l e , C ashier;
G eorge H. C u r r a n , A ssistant Cashier.
D ir e c t o r s ^— G. Harold Earle, Stewart E. Earle. David Downey, August W endt, E. E. Allen,
Chris. H . Gribble.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $16.95
overdrafts) ___________________________ $106,556.85
United States Government obligations,
direct and guaranteed
_____________
163,793.75
Obligations of States and political sub­
divisions _____________________________
112,500.00
Other bonds, notes, anddebentures______
162,800.13
Corporate stocks
(including $1,500.00
Stock of Federal Reserve B an k)____ _
1,500.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
158,900.57
Bank premises owned___________________
1,250.00
Furniture and fixtures__________________
750.00

Demand deposits of individuals, partner­
ships, and corporations________________ $96,162.13
Time deposits of individuals, partner­
ships, and corporations___ 513,669.42
Deposits of United StatesGovernment
(including postal savings)------------------1,447.55
Deposits of States andpolitical
sub­
divisions
21,665.49
Other deposits (certified and officers’
checks, etc.) ________________

Total _______________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$708,051.30

Total deposits ____________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________

635,742.20

T o t a l_______________________________

$708,051.30

25,000.00
25,000.00
7,309.10
15,000.00

2,797.61

262

STATE BANKING DEPARTM EN T
THE H ILLSD A LE COUNTY NATIONAL BANK OF HILLSDALE.

J a m e s E. D a v id s o n , Chairman o f the Board ; F ord F oote , President ; B. F. G r e en , L. A.
G reen de y , Vice Presidents ; H. S. H ar w o od , C ashier ; F r a n c e s R yd e , A ssistant Cashier.
D ir e c t o r s .— James E. Davidson, I. J. Frankenstein, Ford Foote, B. F. Green, L. A. Greenley,
B.
F. Merchant, O. G. McFarland.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts___________________ $158,685.93
United States Government obligations,
143,480.59
direct and guaranteed________________
Obligations of States and political sub­
divisions --------------------------------------------51,673.73
Other bonds, notes, anddebentures_____ 129,498.91
Corporate stocks (including $1,800.00
Stock of Federal Reserve B ank)_____
1,800.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection___________________ 151,406.52
Bank premises owned and furniture and
fixtures ---------------------------------------------14,412.89
Other assets __________________________
1,339.48

Demand deposits of individuals, partner­
ships, and corporations
____________ $190,126.21
Time deposits of individuals, partner­
283,390.48
ships, and corporations ______________
Deposits of United States Government
(including postal savings) ___________
74,867.75
Deposits of States and political sub­
divisions ___________________________
21,485.18
Other deposits (certified and officers’
checks, etc.) _________________________
7,544.15

Total

----------------------------------------------

$652,298.05

Total deposits ___________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided profits ____________________
Reserves _____________________________
Total

______________________________

577,413.77
50,000.00
15,000.00
4,884.28
5,000.00
$652,298.05

THE HOUGHTON NATIONAL BANK, HOUGHTON.
A l l e n F. R e e s , Chairman o f the B oa rd ; A. N. B a u d in , President ; P au l D. S w i f t , G eo .
C. E d w a r d s , Vice Presidents ; F red C. S t o y l e , C ash ier; E d w a r d R o m p f , R. G. B a u d in ,

A ssistant Cashiers.
D ir e c t o r s .— Allen F. Rees, W . H. Schacht, W . C. Douglass, A. N. Baudin, Theodore Dengler,
Paul D. Swift, Lessing Karger, Michael Messner, Geo. C. Edwards.

Statement December 30, 1939.
ASSETS
Loans and discounts (including $260.06
overdrafts) __________
$723,504.29
United States Government obligations,
direct and guaranteed _______________ 1,583,741.32
Obligations of States and political sub­
divisions _____________________________
181,801.48
Other bonds, notes, and debentures_____ 818,180.75
Corporate stocks (including $11,400 Stock
of Federal Reserve Bank)____________
18,437.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection___________________ 1,038,520.82
Bank premises owned___________________
35,500.00
Real estate owned other than bank
premises _____
8.00
Other assets ________________
3,965.89

Total ------------------------------------------------ $4,403,659.55


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

LIABILITIES AND CAPITAL ACCOUNTS
Demand deposits of individuals, partner­
ships, and corporations_____________ $1,297,041.87
Time deposits of individuals, partner­
ships, and corporations_______________ 2,452,187.00
Deposits of United States Government
(including postal savings)____________
7,383.24
Deposits of States and political sub­
divisions ------------------------:_________________________ 138,502.94
Deposits of banks ____
25,851.42
Other deposits (certified and officers’
checks, etc.)__________________________
5,779.25
Total deposits__ _________________ 3,926,745.72
Other liabilities ________________________
5,278.50
Capital accounts:
First preferred stock_________________
153,000.00
Common stock ________ _______________
140,000.00
Surplus ____________________ _________
80,000.00
Undivided p r o f it s __ _________________
40,823.92
Reserves _____________________________
57,811.41
Total

---------------------------------------------_$4,403,659.55

NATION AL BANKS OF M ICHIGAN

2G3

F IR S T NATIONAL BANK IN HOW ELL, HOWELL.
A l fr e d P f a u , Chairman o f the B oa rd; W . B. R e a de r , P resid en t; W i l l i s L. L y o n s , Vice
P resid en t; S. W . I t s e l l , C ashier; G erald H u g h e s , A ssistant Cashier.
D ir e c t o r s .-— W . B. Reader, W illis L. Lyons, Thurber Cornell, Winfield H. Line, Alfred Pfau,
W ert L. Smith.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $3.65
overdrafts) ___________________________ $204,894.58
United States Government obligations,
direct and guaranteed _____________
150,568.00
Obligations of States and political sub­
divisions --------------------------------------------27,928.20
43,189.00
Other bonds, notes, anddebentures_____
Corporate stocks
(including $1,800.00
Stock of Federal Reserve Bank)________
1,800.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection___________________
279,968.65
Bank premises ow n ed ___________________
19,000.00
Furniture and fixtures__________________
1,000.00

T o t a l------------------------------ :__________

$728,348.43

Demand deposits of individuals, partner­
ships, and corporations_
$111,308.99
Time deposits of individuals, partner­
452,164.05
ships, and corporations___
Deposits of United StatesGovernment
(including postal savings)____________
Deposits of States andpolitical
sub­
divisions
Other deposits (certified and officers’
checks, etc.) _________________________
Total deposits_____ 1_____________
Capital accounts:
First preferred stock___________________
Common stock
_________________
Surplus-----------------------------------------------Undivided profits ____________________
Reserves _______
Total

1,716.10
97,011.36
468.00
662,668.50
23,750.00
26,250.00
10,000.00
5,179.93
500.00

------------------ --------------------------- $728,348.43

THE F IR S T NATIONAL BANK AT HUBBELL.
A. L. B u r ga n , P resid en t; L. C. P e a r c e , Vice P resid en t; R oland M. O d ge r s , C a sh ier; H ar vey
W a t e r s , A ssistant Cashier.
D ir e c t o r s .— A. L. Burgan, Leo C. Frenette, Edward J. H all, Joseph P. LeBlanc, Richard
E. Odgers, Roland M. Odgers, L. C. Pearce.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts____________________ $44,262.44
United States Government obligations,
direct and guaranteed________________ 195,917.21
Other bonds, notes, and debentures____
73,195.87
Corporate stocks (including stock of
Federal Reserve Bank)_______________
1,800.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection___________________
97,202.24
8,500.00
Bank premises owned______________.____
Furniture and fixtures__________________
1,646.84
Other assets __________________________________220.31

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$422,744.91

Demand deposits of individuals, partner­
ships, and corporations_______________
Time deposits of individuals, partner­
ships, and corporations________________
Deposits of States and political sub­
divisions ________________________
Other deposits (certified and officers’
checks, etc.) ________________________
Total deposits __ _________________
Other liabilities____ ___________________
Capital accounts:
First preferred stock_________________
Common stock ________________
Surplus ______________________________ „
Undivided profits ____________________
Total

$60,648.96
280,459.94
19,322.07
12.50
360,443.47
1.40
15,000.00
35,000.00
10,000.00
2,300.04
$422,744.91

264

STATE BANKING D EPARTM ENT
TH E IO N IA COUNTY NATIONAL BANK OF IONIA.

E d w in S. Y e o m a n s , P resident and Chairman of the B oa rd ; L loyd T. S m i t h , Vice President ;
M a r s h a l l A . W e s t f a l l , E xecu tive Vice President ; H . L . B e r gy , Cashier ; L eo M c A l a RY,

A ssistant Cashier.
D ir e c t o r s .— Lewis I. Hale, Lloyd T. Smith, Edwin S. Yeomans, John J. McCann, Harry H.
Gemuend, P. C. Robertson, M. A . W estfall, C. S. Johnson.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $23.71
overdrafts) ____________________
$553,419.09
United States Government obligations,
direct and guaranteed________________
122,321.42
Obligations of States and political sub­
divisions __ *_________________________
82,729.76
79,479.56
Other bonds, notes, anddebentures_____
Corporate stocks (including $4,150 Stock
of Federal Reserve Bank)__________
4,150.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection___________________
381,090.90
Bank premises owned___________________
32,479.49
Furniture and fixtures__________________
2,365.11
Real estate owned other than bank
premises _____________________________
770.19
Other assets ___________________________
413.05

Demand deposits of individuals, partner­
ships, and corporations_______________ $277,491.72
Time deposits of individuals, partner­
638,347.57
ships, and corporations ______________
Deposits of United States Government
(including postal savings) ____________
29,767.36
Deposits of States and political sub­
divisions ____________
147,510.96
Other deposits (certified and officers’
checks, etc.) _________________________
13,702.81

Total

---------------------------------------------- $1,259,218.57

Total deposits ____________________ 1,106,820.42
487.50
Other liabilities ________________________
Capital accounts:
Second preferred stock_______________
32,500.00
67,500.00
Common Stock _______________________
Surplus __________________ ____________
39,000.00
Undivided p ro fits_____________________
4,285.65
Reserves _____________________________
8,625.00
Total

______________________________ $1,259,218.57

TH E F IR S T NATIONAL BANK OF IRON MOUNTAIN.
E. F. B r o w n , P resid en t; W . J. C u d l ip , Vice P re s id en t; L eo H. M o r t e n se n , C ash ier; J. W .
F r a n s o n , J. F. W h i t e , A ssistant Cashiers.
D ir e c t o r s .— W . J. Cudlip, E. F. Brown, Charles D. Symonds, Abbott M. F'ox, F. A. Flodin,
Louis Bertoldi, G. P. Fugere, Roy A. Laing, Leo H. Mortensen, Fayette E. Brown.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts____________________ $313,725.39
United States Government obligations,
direct and guaranteed________________ 216,368.75
Obligations of States and political sub­
divisions ___________________
153,778.33
Other bonds, notes, and debentures_____ 530,132.02
Corporate stocks
(including $6,000.00
Stock of Federal Reserve B an k)_____
8,382.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________ 1,005,814.66
Bank premises owned____________________
70,000.00
Furniture and fixtures__________________
5,000.00

Demand deposits of individuals, partner­
ships, and corporations_____ ___________ $629,856.27
Time deposits of individuals, partner­
ships, and corporations_________ _______ 1,245,142.21
Deposits of United States Government
(including postal savings) ____________
42,355.62
Deposits of States and political sub­
divisions _________
107,195.52
Other deposits (certified and officers’
17,542.29
checks, e t c .) __________________________

T o t a l_______________________________ $2,303,201.15


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits____________________ 2,042,091.91
Other liabilities _______________________
1,387.78
Capital accounts:
Common stock _______________________
100,000.00
Surplus ______________________________
100,000.00
Undivided p ro fits ____________________ _
34,175.46
Reserves ________________
25,546.00
Total

_____________________________ $2,303,201.15

265

NATION AL BANKS OF M ICHIGAN
IRON R IV E R NATION AL BANK, IRON R IV ER.
I ra

O d ge r s , P resid en t; J o h n

D ir e c t o r s .— J. E. Lindwall,

E. L in d w a l l , Vice P resid en t ;
G eo . Z a m b o n , A ssistant Cashier.

H en ry

J.

V eeser,

C ashier;

Ira Odgers, A. J. Cybulski, Alfred Angeli, Leslie P. Fisher,
Howard Billings, Henry J. Veeser.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $83.79
overdrafts) ____________ '_____________ $350,865.74
United States Government obligations,
direct and guaranteed________________
138,905.69
Obligations of States and political sub­
divisions ___________________ ___________
35,085.00
Other bonds, notes, and debentures______
101,685.98
Corporate stocks (including stock of
Federal Reserve Bank)_______________
2,550.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection___________________
332,149.86
Bank premises owned___________________
21,000.00
4.756.33
Furniture and fixtures_________________

Demand deposits of individuals, partner­
ships, and corporations_______________ $293,351.15
Time deposits of individuals, partner­
ships, and corporations_____________ __ 525,515.37
Deposits of United States Government
(including postal savings)____________
11,292.56
Deposits of States and political sub­
57,392.77
divisions _____________________________
Other deposits (certified and officers’
checks, etc.) _________________________
7,234.58

T o t a l____________ - _________________

$986,998.60

Total deposits ___________________
Capital accounts:
Common stock _______________________
Surplus ______________________________
Undivided p ro fits_____________________

894,786.43

T o t a l_______________________________

$986,998.60

62,500.00
22,500.00
7,212.17

TH E GOGEBIC NATIONAL BANK, IRONWOOD.
J ohn

W.

J o h n J. G o r r il l a , V ice P resid en t; R o b t . M.
Vice President and C ash ier; F. A . J a c q u a r t , A ssistant Cashier.

B est,

S r ., P resid en t;

S k in n e r ,

D ir e c t o r s .— John J. Gorrilla, John W . Best, E. W . Hopkins, Robt. M. Skinner, R . A. Angst,
Dr. A. J. O’Brien, Rob’t. O’Callaghan.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $301.68
o v erd ra fts)__ ^------------------- ---------------- $368,322.03
United States Government obligations,
direct and guaranteed
— -------------497,675.23
Obligations of States and political sub­
divisions ______________________________ 422,767.70
Other bonds, notes, and debentures-------145,154.37
Corporate stocks
(including $3,850.00
Stock of Federal Reserve Bank)----------3,850.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection____________ ______
477,948.25
Bank premises owned___________________
51,500.00
Furniture and fixtures --------------------------5,300.00
Real estate owned other than bank
premises _____________________________

Demand deposits of individuals, partner­
ships, and corporations____ __________ $583,525.64
Time deposits of individuals, partner­
ships, and corporations_______________ 1,137,230.64
Deposits of United States Government
(including postal savings)_____________
17,609.76
Deposits of States and political sub­
divisions _______
72,519.13
Other deposits (certified and officers’
checks, etc.) ______
5,398.57

Total

______________________________ $1,972,520.58


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ___________________ 1,816,283.74
Capital accounts:
First preferred stock__________________
43,500.00
Common stock _______________________
56,500.00
Surplus __________________________
27,000.00
Undivided profits ____________________
22,227.27
Reserves _____________________________
7,009.57
Total

_______________________ _______ $1,972,520.58

266

STATE BANKING DEPARTM EN T
TH E M INERS F IR S T NATION AL BANK OF ISHPEM ING.

S. M. C o h o d a s , P resid en t; W a l t e r H a n s e n , Vice P resid en t; C. H . M o s s , Vice P resid en t:
R. J. J e f f e r y , C a sh ier; H. M. R a l l y , M. E. M a t t s o n , I. B. M o s s , A ssistant Cashiers.
D ir e c t o r s .— S.

M.

Cohodas,

W alter

Hansen, H. T.
P. J. O’Brien.

Hulst,

F.

E.

Keese,

Kiril

Rosberg,

Statement December 30. 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $84.77
overdrafts) ------------------------------------------ $599,621.23
United States Government obligations,
direct and guaranteed ___
73,000.00
Obligations of States and political sub­
divisions --------------------------------------------80,124.59
Other bonds, notes, and debentures_____
638,114.50
Corporate stocks
(including $6,000.00
6,000.00
Stock of Federal Reserve Bank)____
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
950,234.41
Bank premises owned___________________
23^342.00
Furniture and fixtures_____ ____________
2,388.00
Other assets ___________________________
’ 52.86

Total

----------- ----------------------------------$2,372,877.59

Demand deposits of individuals, partnerships, and corporations___ $655,260.29
Time deposits of individuals, partner­
ships, and corporations___ 1,388,681.09
Deposits of United StatesGovernment
(including postal savings) ____________
Deposits of States andpolitical
sub­
divisions
Other deposits (certified and officers’
checks, etc.) ____ ____ ____________ •
__

3,091.23
74,103.55
2,029.09

Total deposits ------------------------------- 2,123,165.25
Capital accounts:
Common stock -----------------------------------100,000.00
Surplus ----------------------------------------------- 100,000.00
Undivided p r o fit s ___________________
29,712.34
Reserves --------------------------------------------20,000.00
Total

----------------------------------------------$2,372,877.59

COM MERCIAL NATIONAL BANK OF ITHACA.
L ynn

T. M il l e r , P resid en t; N orton E. G ib b s , J. L ee P o t t s , Vice Presidents ; R u s s e l l
C. A l l e n , C ash ier; W il b u r G. H u b bard , A ssistan t Cashier.
D ir e c t o r s .— L yn n T.
Miller, C. P. Yost, Romaine McCall, Norton E. Gibbs, J. Lee Potts,
Floyd Gibbs, Roland J. Crawford, Anson E. Pinney.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $133.02
overdrafts) ------------------------------------------ $882,170.24
United States Government obligations,
direct and guaranteed___________________ 55,012.50
Obligations of States and political sub­
divisions --------------------------------------------6,975.00
Other bonds, notes, and debentures_____
23,640.20
Corporate stocks
(including $3,900.00
Stock of Federal Reserve Bank)____
3,900.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________
474,367.51
Bank premises owned____________________
6^500.00
Furniture and fixtures__________________
7*000.00
Other assets ___________
644!36

Demand deposits of individuals, partner­
ships, and corporations________________ $400,553.05
Time deposits of individuals, partner­
ships, and corporations________________
837,996.72
Deposits of States and political sub­
divisions _______________ __________
73 107 go
Other deposits (certified and officers’
checks, etc.) -------------------------------------5,792.34

T o t a l-------------:---------------------------------- $1,460,209.81


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total deposits ------1,317,510.01
Capital accounts:
Common stock _______________________
70,000.00
Surplus ------------------------------------------- II
7o!oOo!oo
Undivided profits _____________________
2,699.80
Total

------------- - ------------------------------- $1,460,209.81

267

NATION AL BANKS OF M ICHIGAN
THE NATIONAL BANK OF JACKSON, JACKSON.

F r a n k . W . G a y , Chairman of the B oa rd ; St u a r t M. S c h r a m , P resid en t; R u s h W . M c C u t c h e o n , M ur ray D a l z ie l , Vice P resid en ts; .Tay F. C l a r k , Vice President and C ashier;
C h a r l E . G r e en e , A ssistant C ash ier; L a u ren c e R. G ould , A u d itor; D a n ie l C. H a e f n e r ,

Trust Officer.
D ir e c t o r s .— Samuel H. Camp, Murray Dalziel, Frank W . Gay, John B. Keating, Stuart M.
Schram, Roger W . Smith, Win. Sparks, George H. W ilkins, Donald M. Teer, Charles T. Cline,
Frederick F. Ingram.

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS

Demand deposits of individuals, partner­
Loans and discounts (including $75.17
ships, and corporations_______________ $3,840,686.16
overdrafts) ___________
$1,942,881.37
Time deposits of individuals, partner­
United States Government obligations,
ships, and corporations_______________ 2,185,245.48
direct and guaranteed______ _________ 1,532,706.03
Deposits of States and political sub­
Obligations of States and political sub­
_____________________________
716,853.19
divisions
divisions _____________________________ 1,254,176.18
Deposits of banks __ __ _________ -— - 228,199.59
Other bonds, notes, anddebentures----------------------------404,679.14
Other deposits (certified and officers’
Corporate stocks (including $12,000.00
checks, etc.) _______________________ _—
57,715.85
Stock of Federal Reserve B ank)__________________ 12,000.00
Cash, balances with other banks, includ­
Total
deposits
___________________
7,028,700.27
ing reserve balances, and cash items in
Other liabilities ________________________
12,603.43
process of collection --------------------------- 2,467,729.92
Capital accounts:
Furniture and fixtures__________________
5,561.06
184,000.00
First preferred stock__________________
Other assets____ _______________________
28,149.74
Common stock -----------------------------------100,000.00
Surplus _._________________________________________ 100,000.00
Undivided p ro fits_____________________
94,198.15
Reserves __________________ _____ .----- — 128,381.59
T o t a l_______________________ ,______ $7,647,883.44

Total

______________________________$7,647,883.44

TH E AM ERICAN NATIONAL BANK OF KALAMAZOO.
D u n l a p C. C l a r k , P resid en t; W m . J. L a w r e n c e , G l e n C. M e l l in g e r , Vice P resid en ts;
G a r r e t V an H a a f t e n , Vice President and C ash ier; A be D eb oe r , W e l l in g t o n K . B r o w n ,
L. F. K e l l y , A ssistant C ashiers; A r t h u r N e i l , Auditor.
D ir e c t o r s .-—Dunlap C. Clark, Alfred B. Connahle, Dwight R. Curtenius, Dorothy Upjohn
DeLano, J. Stanley Gilmore, W illiam J. Lawrence, Stephen B. Monroe, Albert J. Todd,
Charles E. Boys, S. Rudolph Light, Louis W . Sutherland.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $63.38
overdrafts) ___________________________ $3,271,324.89
United States Government obligations,
direct and guaranteed------------------------- 1,130,711.61
Obligations of States and political sub­
divisions __________________________ —
649,846.93
Other bonds, notes, anddebentures-------282,408.58
Corporate stocks (including $10,650.00
Stock of Federal Reserve B an k )---------10,650.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection----------------- - --------- 1,924,913.56
Furniture and fixtures----------------------------5,428.47
Other assets ___________________________
24,032.51

Demand deposits of individuals, partner­
ships, and corporations_______________ $4,065,272.57
Time deposits of individuals, partner­
ships, and corporations_______________ 1,443,579.20
Deposits of United States Government
(including postal savings) ----------------5,161.14
Deposits of States and political sub­
divisions _____________________________
726,238.56
Deposits of banks ________________
397,098.05
Other deposits (certified and officers’
checks, etc.) --------92,926.45

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

___$7,299,316.55

Total deposits ___________________ 6,730,275.97
Other liabilities ________________________
21,853.75
Capital accounts:
First preferred stock__________________
100,000.00
Common stock _______________________
150,000.00
Surplus ______________________________
105,000.00
Undivided profits ------------------------------50,571.47
Reserves _____________________________
141,615.36
Total

$7,299,316.55

268

STATE BANKING D EPARTM ENT
TH E F IR S T NATIONAL BANK AND TR U ST CO. OF KALAMAZOO.

C.

S. C a m p b e l l , P re s id en t; J. H. T o l h u iz e n , E xecu tive Vice P resid en t; M. B. P u t n e y ,
C. H. S t e a r n s , V ice P resid en ts; M. W . T a y l o r , Vice P resident and Trust Officer; S. A.
P r a t t , A ssistant Vice P resid en t; L . J. W e t h e r b e e , C ash ier; V . R. P a t t e n , Assistant
C ash ier; J. D. W il c o x , A ssistant Trust Officer; F. R. J ubb , A u d itor; C. J. V a n d e r w e e l e ,
A ssistant A u d ito r; F. H. O s w a l t , M anager Vicksburg B ra n ch ; M. O. W a n t z , Manager

Galesburg Branch.
D ir e c t o r s .— Clare H. Stearns, A. E. Kettle, C. S. Campbell, D. S. Gilmore, E. M. Sergeant,
A. L. Blakeslee, A. B. Read, Frank A. Lemke, Dr. L. N. Upjohn, Harvey C. Emery, C. H.
Kleinstuck, M. W . Taylor, J. H . Tolhuizen.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $4,710.88
Demand deposits of individuals, partner­
overdrafts) ------------------------------------------$3,203,636.10
ships, and corporations ______________ $6,643,286.98
United States Government obligations,
Time deposits of individuals, partner­
direct and guaranteed ______
4,717,203.39
ships, and corporations ______________ 6,168,521.41
Obligations of States and political sub­
Deposits of United States Government
divisions -----------667,120.90
(including postal savings) ___________
15,032.81
460,786.72
Other bonds, notes, and debentures___
Deposits of States and political sub­
Corporate stocks (Including $24,000.00
divisions _------------1,020,201.03
Stock of Federal Reserve Bank)__________________63,417.57
Deposits of banks ____ _________________
295,170.50
Cash, balances with other banks, includ­
Other deposits (certified and officers’
ing reserve balances, and cash items in
77,334.23
checks, etc.) --------------------------------------process of collection _________________ 6,023,256.87
Bank premises owned __________________
333,559.79
Total deposits ------------------------------- 14,219,546.96
20^326.29
Furniture and fixtures _________________
Other liabilities ___________________
68,922.38
Real estate owned other than bank
Capital accounts:
premises -----------------------------58,161.46
First preferred s to c k _________________
200,000.00
Investments and other assets indirectly
Common stock _______________________
400,000.00
representing bank premises or other
Surplus -------------------------------200|000.00
real estate -----------------------------------------61,837.63
Undivided profits _____________________
117,888.83
Other assets ________
77,587.84
Reserves --------------------------------------------480A36.89
Total

$15,686,895.06

Total

$15,686,895.06

THE F IR S T NATION AL BANK OF LAK E LINDEN.
R ay W . A r m s t r o n g , Chairman of the Board and P resid en t; J o h n P e if f e r , Vice President •
A. J. M a c K e r r o l l , C ash ier; J. H. W e r n e r , A ssistant Cashier.
D ir e c t o r s .— Ray W . Armstrong, Allan MacIntyre, John Peiffer, A. J. MacKerroll, Peter E.
Ruppe.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $27.55
overdrafts) — --------------------------$142,877.60
United States Government obligations,
direct and guaranteed_______ _________
153,579.63
Obligations of States and political sub­
divisions — --------------------------------------195,860.55
Other bonds, notes, anddebentures_____
149,599.64
Corporate stocks (Including $2,000.00
Stock of Federal Reserve B ank)_____
2,000.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection________________ __
217,217.26
Bank premises owned _________________ _
10,500.00
Furniture and fixtures ________________
4,000.00
Other assets __________________________
2J98.68

Demand deposits of individuals, partner­
ships, and corporations ______________ $264 163 47
Time deposits of individuals, partner­
ships, and corporations_______________
485,059.22
Deposits of States and political sub­
divisions _____ ______ ___________
29 376 61
Other deposits (certified and officers’
checks, etc.) --------------------------------------7,500.00

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$878,433.36

Total deposits
Capital accounts:
Common s t o c k _
Surplus ________
Undivided profits
Reserves _______
Total

796,099.30
50,000.00
15,500.00
11,817.73
5,016.33
$878,433.36

269

NATION AL BANKS OF MICHIGAN
LANSING N ATION AL BANK, LANSING.

H o w a r d J. S toddard , P resid en t; E . M. W an ge r , B yro n L. B a l l a r d , J o h n B. N e l l ig a n , Vice
P resid en ts; M il e s D. G r a n t , Vice President and Cashier; J o h n C. H a y , R u s s e l l D.
H e r r ic k , A ssistant C ash iers; G eorge W y a t t , Auditor.
D ir e c t o r s .-— Luther H. Baker, Byron L. Ballard, Harold T. Donaldson, Drury L.
M. J. Maynard, Richard H. Scott, Dorr M. Shotwell, Howard J. Stoddard.

Porter,

Statement December 30, 1939.
LIABILITIES AND CAPITAL ACCOUNTS

ASSETS

Demand deposits of individuals, partner­
Loan and discounts (including $93.77
ships, and corporations _______________ $4,908,073.51
overdrafts) ___________________________ $1,616,844.98
Time deposits of individuals, partner­
United States Government obligations,
ships, and corporations _____________ 3,088,905.46
direct and guaranteed________________ 3,308,999.23
Deposits of United States Government
Obligations of States and political sub­
(including postal savings)___________
33,938.49
divisions ____________________________ 1,519,803.74
Deposits of States and political sub­
Other bonds, notes, and debentures_________________ 763,654.06
divisions _____________ j.______________
858,651.82
Corporate stocks (ncluding $12,000.00
Deposits of b a n k s______________________
358,407.34
Stock of Federal Reserve Bank)______
12,000.00
Other deposits (certified and officers’
Cash, balances with other banks, includ­
checks, etc.) ____ .____________________
56,424.40
ing reserve balances, and cash items in
process of collection__________________ 1,586,211.57
Total deposits _____________________ 8,304,401.08
Furniture and fixtures__________________
19,483.73
15,511.54
Other liabilities ________________________
Other assets ___________________________
97,409.41
Capital accounts:
First preferred stock ________________
100,000.00
Common stock ______________________
250,000.00
Surplus ______________________________
50,000.00
Undivided p rofits_____________________
59,588.34
144,905.76
Reserves _____________________________
Total

$8,924,406.72

Total

_____$8,924,406.72

TH E F IR S T N ATION AL BAN K OF LAPEER.
F r a n k T h o m p s o n , P resid en t; C h a s . A. L a e s c h , Cashier and V ice P resid en t; H a r r y L a r s e n ,
A ssistant Cashier and Trust Officer; R a y m o n d J. W i l l i a m s , A ssistant Cashier.
D ir e c t o r s .— Frank

Thompson, Chas. A. Laesch, G. W . Des Jardins, E. T. W hite,
Carpenter, Frank R. Cutting, Harry M. Myers.

R.

T.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $113.98
overdrafts -- ---------- ----------------------------$1,049,054.56
United States Government obligations,
direct and guaranteed----------------------186,871.51
Obligations of States and political sub­
divisions ___________________ __________
689,402.65
Other bonds, notes anddebentures--------377,323.40
Corporate stocks (Including $6,300.00
Stock of Federal Reserve Bank) _____
6,300.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection _________________ 1,119,239.01
Bank premises ow n e d __________________
24,358.00
Furniture and fixtures________________
5,557.42
Real estate owned other than bank
premises _____________________________
1,000.00

Demand deposits of individuals, partner­
ships, and corporations_______________ $714,196.57
Time deposits of individuals, partner­
ships, and corporations_______________ 2,142,009.76
Deposits of States and political sub­
divisions _____________________________
270,934.45
Other deposits (certified and officers’
checks, etc.) _________________
17,373.88

Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,459,106.55

Total deposits ___________ ^_________ 3,144,514.66
Capital accounts:
First preferred stock__________________
45,000.00
Common s t o c k _______________________
100,000.00
Surplus ________________________________
55,000.00
Undivided profits ___________________
46,716.24
Reserves _______________________________
67,875.65
Total

$3,459,106.55

270

STATE BANKING D EPARTM EN T
THE F IR S T NATIONAL BANK OF LAW TON.

F red

H.

G id d in g s , P resid en t; S h e l d o n C o l e m a n , C h a s . I. S t a in t o n ,
R a y m o n d W eaver , C a sh ier; L. R. W i l l i a m s , A ttorney.

D ir e c t o r s .— Fred

H.

Giddings, C. C. Giddings, George Turner, John
W illiam s, Sheldon Coleman, Charles I. Stainton.

Vice

P resid en ts;

Turner,

Lewis

R.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $82.61
overdrafts) ---------------------------------------- $122,959.29
United States Government obligations,
direct and guaranteed _______________
107,752.48
Obligations of States and political sub­
divisions ___________
21,777.60
Other bonds, notes, and debentures_____
98,034.38
Corporate stocks (Including $1,000.00
1,004.00
Stock of Federal Reserve Bank)_______
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection__________________
245,575.22
Bank premises owned __________________
10,000.00
Furniture and fixtures _________________
319.87
406.49
Other assets __________________________ _

Demand deposits of individuals, partner­
ships, and corporations _____________ $160,523.69
Time deposits of individuals, partner­
ships, and corporations______________
193,527.08
Deposits of United States Government
(including postal savings)____________
347.15
Deposits of States and political sub­
divisions --------------------------------------------187,394.27
Other deposits (certified and officers’
checks, etc.) --------------------------------------12,970.74

Total -----------------------------------------------

$607,829.33

Total deposits ______
Capital accounts:
Common stock _______________________
Surplus ----------------------------------------------Undivided p r o fit s ___ ________________
Reserves ---------------------------------------------

554,762.93

Total -------------------------;---------------------

$607,829.33

25,000.00
10,000.00
9,699.82
8,366.58

TH E NATIONAL BANK OF LUDINGTON, LUDINGTON.
K. L. A s h b a c k e r , P resid en t; L. G. J e b a v y , J. F. W ood, Vice P resid en ts; A. R. V e s t l in g
C ash ier; H. T. S to lb e r g , A ssistant Cashier.
D ir e c t o r s .— K . L. Ashbaclier, L. G. Jebavy, A. H. Burch, J. F. Wood, A. W . Hamel.

Statement December 30, 1939.
ASSETS

LIABILITIES AND CAPITAL ACCOUNTS

Loans and discounts (including $100.96
overdrafts) _J----- -----------------------------$428,526.30
United States Government obligations,
direct and guaranteed________________
42,300.00
Obligations of States and political sub­
divisions ------------------92,185.30
Other bonds, notes, anddebentures_____
54,913.52
Corporate stocks (Including $3,600.00
Stock of Federal Reserve Bank)______
3,600.00
Cash, balances with other banks, includ­
ing reserve balances, and cash items in
process of collection_________ _________
168,488.89
Bank premises owned___________________
32,685.99
Furniture and fixtures__________________
3,654.67

Demand deposits of individuals, partner­
ships, and corporations ______________ $252,686.31
Time deposits of individuals, partner­
ships, and corporations___ __________
393,641.48
Deposits of United States Government
(including postal sa v in gs)____________
2,737.46
Deposits of States and political sub­
divisions --------------------------------------------36,830.20
Other