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FORTY-THIRD ANNUAL REPORT O F T H E C O M M IS S I O N E R O F T H E BANKING DEPARTMENT OF TH E STATE OF MICHIGAN https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis DECEMBER 31, 1931 BY AUTHORITY F R A N K L IN D eK LE IN E C O M PA N Y P R I N T E R S A N D B IN D E R S LA NSING 19 3 2 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis COMMISSIONERS OF BANKING OF M ICH IG AN (Under Act 205, 1887) TH EO D O RE C. SHERWOOD, Appointed January 7, 1889; resigned November 7, 1896 D AN IEL B. AIN G ER, Appointed November 11, 1896; resigned April 1, 1897 JOSIAH E. JUST, Appointed April 1, 1897; died February 19, 1898 GEORGE L. M ALTZ, Appointed February 26, 1898; term expired January 8, 1903. GEORGE W. MOORE, Appointed January 8, 1903; term expired February 19, 1907 H E N R Y M. ZIM M E R M A N , Appointed February 19, 1907; resigned January 11, 1911 E D W A R D H. DOYLE, Appointed January 18, 1911; term expired February 14, 1915 F R A N K W. M E R R IC K , Appointed January 13, 1915; resigned April 27, 1921 h u g h a . M cP h e r s o n , Appointed April 27, 1921; resigned January 1, 1927 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RUDOLPH E. R E IC H E R T, Appointed January 21, 1927 (iii) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis DEPARTMENT OFFICERS C O M M IS S I O N E R RUDOLPH E. R E ICH ER T D E P U T Y C O M M IS S IO N E R M. C. TAY LO R D E P U T Y C O M M IS S IO N E R FRE D M ARIN R. K. R. L. V. C. G. H. R. Examiners A. Benge, Battle Creek H. Buttars, Bay City A. Carroll, Battle Creek M. Fenton, Port Huron M. Geiger, Pigeon H. Hewitt, Ann Arbor A. Hodson, Grand Rapids G. Hudson, Decatur I. Hudson, Decatur E. G. McGugan, Quincy G. D. Monroe, Howell F. F. Nelson, Ludington B. W. Preston, Charlotte Leo Spencer, Lansing Peter Talentino, Laurium H. G. Taylor, Lansing R. C. Wixson, Port Huron A. W. Woolsey, Lansing. Assistant Examiners K. C. Aldrich, Jackson R. C. McClelland, Grand Rapids F. B. Campbell, Caro H. E. Romig, Belding Frank I. Card, Grand Rapids W. L. Roy, Pontiac R. E. Crimmins, Manistee W. C. Schrader, Detroit Smith Falconer, Detroit W. J. Schriemer, Grand Rapids M. G. Fiegel, Detroit T. D. Sherk, Jackson R. H. Garfield, Albion H. L. Switzer, Mt. Clemens F. M. Kropschot, Litchfield C. C. Tyson, Grand Rapids R. K. Lapworth, Flushing R. B. Van Wert, Jonesville A. G. List, Sebewaing H. O. Wells, Dearborn F. G. MacEachron, Hudsonville C. E. Williams, Wayne H. S. Maentz, Allegan O. S. Wood, Jr., Barryton https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Small Loan Agency Examiner Ralph Clench, Battle Creek (V) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis TABLE OF CONTENTS Abstract of Banks in Seventh Federal Reserve District of Michigan....................... xxv Trust Companies in Seventh Federal Reserve District of Michigan.......... xxvi Banks in Ninth Federal Reserve District of Michigan................ xxvn Trust Company in Ninth Federal ReserveDistrict of Michigan.................. xxviii Michigan State Banks. ......................................................................................... xx*x Michigan Trust Companies................................................................................... xxx National Banks in Michigan................................................................................. xxxiii National Banks in D etroit..................................................................................... xxxiv Receiverships, Abstract o f ..................................................................................... xxiv State Banks in D etroit........................................................................................... xxxi Trust Companies in D etroit.................................................................................. xxxii Banks closed......................................................................................................................... xiv-xv Banks, members of Federal Reserve System................................................................. xix-xxi Banks reopened.................................................................................................................... xv Capital stock, decrease in ............................................................................... xii Capital stock, increase o f ................................................................................................... xii Capital stock, change of par value................................................................................... xi Change of title...................................................................................................................... xii Commissioners of Banking................................................................................................., iii Consolidations......................................................................................................................xii-xiii-xiv Department Officers.......................................... v Earnings and dividends...................................................................................................... xvii Expenses incurred in examination of banks................................................................... xviii Financial condition.............................................................................................................. x Growth of state banks........................................................................................................ xvii Liquidation............................................................................................................................ xi New Banks............................................................................................................................ xi Number of depositors.......................................................................................................... xviii Number of examinations................................................................... .*.............................. x Number of state banks and trust companies................................................................. x Receipts and disbursements................................................................ ; ............................ xviii Reserve cities........................................................................................................................ xix Report of the Commissioner.............................................................................................. ix Report of Receivers............................................................................................................... xxii-xxiii Report of state banks and trust companies.................................................................... 3-293 Reports of national banks.................................................................................................. 297-353 Trust powers......................................................................................................................... xv-xvi Table of Contents................................................................................................................ vii https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE BANKING DEPARTMENT R E PO R T OF TH E COM M ISSIONER STATE OF M ICHIGAN, Banking Department. December 31, 1931. To the Honorable Wilber M. Brucker, Governor of the State of Michigan: Pursuant to the provisions of Section Forty-five of the Michigan Banking Law, I have prepared and herewith submit for your consideration the forty-third annual report of the Banking Department of the State of Michigan, as of December 31, 1931. On this date there were under the supervision of the Banking Department 461 state banks, 8 industrial banks, 15 trust companies, 34 credit unions, and 265 small loan agencies. There is embodied in this report information which is required by statute, and such other information as I have deemed essential to cover our activities. Respectfully submitted, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (ix ) STATE BANKING D EPAR TM E N T X Number of State Banks and Trust Companies There are at the date of this report under the supervision of the State Banking Depart ment 461 state banks, 8 industrial banks and 15 trust companies transacting business in Michigan. Financial Condition Reports showing the condition of all state banks and trust companies will be found on pages 3 to 293 inclusive. Reports of condition were called for by the Department and made by the banks at the close of business December 31, 1930, March 25, 1931, June 30, 1931, September 29, 1931, and December 31, 1931. The report of September 29, 1931, as to each state bank and trust company appears in the Department’s annual report fo r the year 1931. In order that the annual report may be in the hands of the public in time to be of use as a book of reference this plan of publishing reports has been adopted. Statements of condition of each national bank in Michigan will be found on pages 297 to 353, inclusive. Number of Examinations The examining staff of the Department during the year 1931 made examinations as follows: First examinations.......................................................................... Second examinations...................................................................... Preliminary examinations.............................................................. Special examinations...................................................................... Credit Unions.................................................................................. Investigations in re-organization................................................. 569 209 6 95 12 10 All state banks have been examined during the year, as well as each of the trust companies. Preliminary examinations consist of examinations of new banks under Section 7 of the banking law, which is incumbent upon the Department to make precedent to the issuance of certificates of authority to commence business. All state banks with the exception of those organized during the year have made four reports of condition, two reports of earnings and dividends, and special reports whenever the Department has deemed it necessary to require the same. Directors examinations, oaths of directors, signatures of officers, and list of stockholders, together with a report as to the number of depositors are furnished each year by each state bank. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis si R E PO R T OF TH E COMMISSIONER New Banks During the year 1931 the following Michigan state banks, have been authorized to commence business. L o ca tio n N am e G uardian B ank o f R oy a l O a k ........................................... First Peoples State B a n k .................................................... B rid g m a n ..................... R o y a l O a k .................... T raverse C it y .............. G rayling State Savings B a n k ............................................ P eoples State Bank o f St. J o s e p h .................................... G ra y lin g ........................ St. J o s e p h ..................... C om m en ced business C apital $ 7 0 0 ,0 0 0 2 5 .0 0 0 2 0 .0 0 0 100 ,0 0 0 150 ,0 0 0 2 0 ,0 0 0 2 5 .0 0 0 5 0 .0 0 0 00 00 00 00 00 00 00 00 Jan. M ay M ay Sept. N ov. N ov. Jan. Jan. 2, 15, 23, 19, 2, 14, 2, 9, 1931 1931 1931 1931 1931 1931 1932 1932 Liquidation January 13, 1931, The Wojcik State Bank, Hamtramck, went into voluntary liquidation by vote of its stockholders. Change of Par Value of Capital Stock The following banks have changed their par value from $100 00 per share to $20.00 per share: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Utica State Savings Bank, Utica Peoples American State Bank, Saginaw Ann Arbor Trust Company, Ann Arbor xii STATE BANKING D EPARTM EN T Increase in Capital Stock For the purpose of increasing their capital stock the following banks have amended their articles of incorporation in accordance with Section eleven of the general banking law: Peoples American State Bank, Saginaw............................................$400,000.00 to $500,000.00 Rockwood State Bank, Rockw ood.................................................... 20,000.00 to 25,000.00 Manistee County Savings Bank, Manistee...................................... 100,000.00 to 200,000.00 Utica State Savings Bank, Utica....................................................... 25,000.00 to 50,000.00 Monroe County Bank, Dundee.......................................................... 25,000.00 to 40,000.00 Peoples Wayne County Bank, River Rouge................................... 150,000.00 to 200,000.00 Peoples State Bank of Milan, M ilan................................................. 25,000.00 to 50,000.00 Alpena Trust and Savings Bank, Alpena......................................... 200,000.00 to 400,000.00 Guardian Bank of Dearborn, Dearborn........................................... 200,000.00 to 400,000.00 Gaylord State Savings Bank, Gaylord............... 25,000.00 to 50,000.00 50,000.00 to 80,000.00 United Savings Bank, Tecumseh................... .. . ............................. American Home Security Bank, Grand Rapids.............................. 400,000.00 to 850,000.00 Dearborn State Bank, Dearborn........................................................ 300,000.00 to 400,000.00 Decrease in Capital Stock The Michigan Industrial Bank, D etroit........................................... 500,000.00 to 350,000.00 Change of Title The following banks have amended their articles of incorporation for the purpose of changing their corporate title. February 16, 1931, The Commercial State Savings Bank, Fenton, changed its title to State Savings Bank, Fenton. February 21, 1931, The American State Bank, Saginaw, changed its title to The Peoples American State Bank, Saginaw. April 14, 1931, The Fidelity Trust Company, Detroit, changed its title to Fidelity Bank and Trust Company, Detroit. June 4, 1931, The Milan State Savings Bank changed its title to Peoples State Bank of Milan, Milan. August 7, 1931, The Bank of Dearborn, Dearborn, changed its title to Guardian Bank of Dearborn. August 19, 1931, The Tecumseh State Savings Bank, Tecumseh, changed its title to United Savings Bank of Tecumseh, Tecumseh. August 28, 1931, The Jefferson Savings Bank, Grosse Pointe Park, changed its title to Guardian Bank of Grosse Pointe, Grosse Pointe Park. August 28, 1931, The Trenton State Bank, Trenton, changed its title to Guardian Bank of Trenton, Trenton. September 3, 1931, The Metropolitan Industrial Bank, Detroit, changed its title to Leonard Thrift Bank, Detroit. September 15, 1931, The Home State Bank for Savings, Grand Rapids, changed its title to American Home Security Bank, Grand Rapids. Consolidations January 2, 1931, The First State Bank, Royal Oak, and the Royal Oak State Trust and Savings Bank consolidated, forming a new bank with the title State Savings Bank of Royal Oak. January 31, 1931, The Peoples State Bank, Inkster, was consolidated with the Dearborn State Bank, Dearborn. February 7, 1931, The Lake Shore State Bank, St. Clair Shores, was consolidated with the First National Bank, St. Clair Shores. February 14, 1931, The Fenton State Savings Bank consolidated with the Commercial State Savings Bank, Fenton. February 21, 1931, The Peoples Savings Bank, Saginaw, consolidated with the American State Bank, Saginaw. February 21, 1931, The Farmers State Bank, Bellevue, consolidated with the Bellevue State Bank, Bellevue. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RE PO R T OF THE COMMISSIONER xiii February 28, 1931, The Garden State Savings Bank, Garden, was consolidated with the First National Bank, Manistique. March 2, 1931, The Farmers State Bank, Davison, consolidated with the Davison State Bank, Davison. March 3, 1931, The Perrinton State Bank, Perrinton, was consolidated with the Pompeii State Bank, Pompeii. April 3, 1931, The Farmers State Bank, Potterville— temporarily closed since March 7, 1931— consolidated with the First National Bank, Charlotte. April 13, 1931, The American State Bank, Wyandotte— temporarily closed since March 12, 1931— consolidated with the Wyandotte Savings Bank, Wyandotte. March 27, 1931, The American State Bank, Detroit, merged with the Peoples Wayne County Bank of Detroit. March 27, 1931, The American State Bank, Highland Park, merged with the Highland Park State Bank. March 27, 1931, The Michigan State Bank, Detroit, merged with the Peoples Wayne County Bank of Detroit. March 31, 1931, The American State Bank, Dearborn, merged with the Dearborn State Bank. April 4, 1931, The Rochester Savings Bank, Rochester, merged with the First National Bank of Rochester. April 4, 1931, The Peoples Savings Bank of Belding consolidated with the Belding Sav ings Bank. April 25, 1931, The Webber State Savings Bank, Portland, merged with the Maynard Allen State Bank of Portland. May 5, 1931, The First State Bank, Vicksburg, consolidated with the Farmers State Bank of Vicksburg. May 5, 1931, The Redford State Savings Bank of Detroit merged with the First National Bank in Detroit. May 8, 1931, The Sturgis National Bank, Sturgis, merged with the Citizens Trust and Savings Bank of Sturgis. May 9, 1931, The River Rouge Savings Bank, River Rouge, consolidated with the Peoples Wayne County Bank of River Rouge. May 15, 1931, The State Savings Bank, Melvindale, merged with the Melvindale State Bank of Melvindale. May 23, 1931, The Farmers and Merchants Bank, Milan, consolidated with the Milan State Savings Bank of Milan. May 29, 1931, The Peoples State Bank of Redford, Detroit, merged with the First Na tional Bank in Detroit. June 3, 1931, The Merchants and Union Trust Company, Benton Harbor, consolidated with the Farmers and Merchants National Bank and Trust Company of Benton Harbor. June 24, 1931, The Alpena National Bank, Alpena, consolidated with the Alpena Trust and Savings Bank of Alpena. July 31, 1931, The Bank of Commerce, Dearborn, and the Union State Bank of Dear born, merged with the Bank of Dearborn, Dearborn. July 31, 1931, The American State Bank, Cadillac, merged with the Cadillac State Bank, Cadillac. August 5, 1931, The Montmorency County Savings Bank, Hillman, merged with the Alpena Trust and Savings Bank, Alpena. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE BANKING D EPARTM EN T XIV August 10, 1931, The Burr Oak State Bank, Burr Oak, merged with the Citizens Trust and Savings Bank, Sturgis. August 19, 1931, The Lilley State Bank, Tecumseh, merged with the Tecumseh State Savings Bank, Tecumseh. August 22, 1931, The Peoples State Savings Bank, of Midland County, Midland, merged, with the Chemical State Savings Bank, Midland. August 24, 1931, The First Commercial and Savings Bank, Durand, merged with the Shiawassee County Bank, Durand. September 15, 1931, The American National Bank, Grand Rapids, and the Security Na tional Bank, Grand Rapids, merged with the Home State Bank for Savings, Grand Rapids. October 6, 1931, The Bank of Cement City, Cement City, merged with the Brooklyn State Bank, Brooklyn. • November 2, 1931, The Peoples Savings Bank, Traverse City and the First National Bank, Traverse City merged to form the First Peoples State Bank, Traverse City. December 28, 1931, The Birmingham Savings Bank, Birmingham, merged with the First National Bank, Birmingham. December 31, 1931, The Guardian Detroit Bank, Detroit, merged with the National Bank of Commerce, Detroit, under title of Guardian National Bank of Commerce, Detroit. December 31, 1931, The Peoples Wayne County Bank, Detroit, merged with the First National Bank in Detroit under title of First Wayne National Bank, Detroit. Banks Closed January 23, 1931, Farmers and Workingmens Savings Bank, Jackson February 19, 1931, Farmers and Merchants State Bank of Casnovia March 12, 1931, American State Bank, Ferndale March 12, 1931, State Savings Bank, Lincoln Park. March 12, 1931, State Savings Bank, Melvindale. March 14, 1931, Ferndale State Bank, Ferndale March 17, 1931, Peoples State Trust and Savings Bank, Pontiac March 17, 1931, Berkley State Bank, Berkley March 18, 1931, Lochmoor State Bank, Lochmoor. June 11, 1931, State Savings Bank, Royal Oak. June 13, 1931, Pontiac Commercial and Savings Bank, Pontiac. June 15, 1931, First State Savings Bank, Birmingham. June 15, 1931, Hazel Park State Bank, Hazel Park. June 18, 1931, Metropolitan Trust Company, Detroit. June 18, 1931, Wayne Savings Bank, Wayne June 20, 1931, Belding Savings Bank, Belding. June 25, 1931, Farmington State Savings Bank, Farmington. June 29, 1931, First State Bank, Hartford. June 29, 1931, Lapham State Savings Bank, Northville. June 29, 1931, Farmers State Savings Bank, Milford July .1, 1931, Guaranty Trust Company, Detroit July 1, 1931, State Savings Bank, Flat Rock July 13, 1931, State Savings Bank, Fenton July 24, 1931, Ypsilanti Savings Bank, Ypsilanti July 25, 1931, Nashville State Bank, Nashville August 19, 1931, Peoples State Savings Bank, Britton August 20, 1931, Citizens State Bank, Big Rapids August 22, 1931, State Bank of Caledonia, Caledonia August 26, 1931, Clio State Bank, Clio August 27, 1931, Dansard State Bank, Monroe August 27, 1931, Monroe State Savings Bank, Monroe. August 28, 1931, Peoples State Bank, Ida August 28, 1931, Erie State Bank, Erie. August 29, 1931, Farmers State Bank, Kawkawlin. September 1, 1931, The Bay City Bank, Bay City September 1, 1931, Sunfield State Savings Bank, Sunfield September 2, 1931, State Bank of Freeport, Freeport https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RE PO R T OF THE COMMISSIONER xv September 5, 1931, State Savings Bank, Caro September 9, 1931, Baroda State Bank, Baroda September 11, 1931, State Savings Bank, Ionia September 11, 1931, Peoples State Bank, Flushing September 12, 1931, Lyons State Bank, Lyons September 14, 1931, Northville State Savings Bank, Northville September 15, 1931, Farmers State Bank, Vicksburg September 17, 1931, Edwin Nash State Bank, Clarksville September 18, 1931, Climax State Bank, Climax September 18, 1931, Romulus State Bank, Romulus September 21, 1931, Montrose State Bank, Montrose September 25, 1931, Stevensville State Bank, Stevensville September 26, 1931, Berrien County Bank, Benton Harbor September 26, 1931, Farmers and Merchants State Bank, Carson City October 1, 1931, Peoples State Bank for Savings, Muskegon October 2, 1931, Roscommon State Bank, Roscommon October 7, 1931, Fidelity Bank and Trust Company, Detroit October 15, 1931, Peoples State Bank of Wayne, Wayne October 16, 1931, Buchanan State Bank, Buchanan October 16, 1931, First State Bank, Petoskey October 17, 1931, Peoples State Bank, Scottville October 19, 1931, United Savings Bank, Tecumseh October 21, 1931, Peoples Savings Bank, Cadillac October 23, 1931, Arcadia State Savings Bank, Arcadia October 24, 1931, Saline Savings Bank, Saline November 5, 1931, State Bank of Beaverton, Beaverton November 5, 1931, Michigan State Bank, East Lansing November 25, 1931, The State Bank of Reading, Reading November 30, 1931, Exchange State Bank, Sand Lake December 2, 1931, Bay County Savings Bank, Bay City December 5, 1931, Coopersville State Bank, Coopersville December 11, 1931, Michigan State Bank, Eaton Rapids December 14, 1931, Dimondale State Bank, Dimondale December 16, 1931, Gratiot County State Bank, St. Louis December 17, 1931, Benton Harbor State Bank, Benton Harbor December 17, 1931, State Bank of Coloma, Coloma December 18, 1931, Berlin State Bank, Marne December 21, 1931, American State Savings Bank, Lansing December 21, 1931, Albion State Bank, Albion December 23, 1931, Citizens State Savings Bank, Otsego December 26, 1931, Peoples State Bank, Middleton December 26, 1931, Peoples State Bank, Sheridan December 28, 1931, New Buffalo State Bank, New Buffalo December 28, 1931, Oceana County Savings Bank, Hart December 28, 1931, Kalamazoo County State Bank, Schoolcraft December 28, 1931, Peoples State Bank, Butternut Banks Reopened December 15, 1931, The Saline Savings Bank, Saline December 24, 1931, The Ypsilanti Savings Bank, Ypsilanti Trust Powers The following state banks have been granted trust powers as indicated, in accordance with the provisions of subdivision 10 of Section 4 of the general banking law. United States Savings Bank.................... Bank of Saginaw........................................ Traverse City State Bank........................ Bank of Kalamazoo................................... Citizens Commercial and Savings Bank State Savings Bank................................... Jackson City Bank and Trust Co........... Alpena Trust and Savings Bank.......... .. Merchants and Miners Bank.................. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Port Huron........................................ Full Saginaw...............................................Full Traverse C ity .................................... Full Kalamazoo......................................... Full Flint. . . .».......... Full Ann Arbor.......................................... Full Jackson............................................... Full Alpena.................................................Full Calumet............................................ .Full xvi STATE BANKING DEPARTM EN T Dearborn State Bank................................ Wyandotte Savings Bank.............. Citizens State Bank.................................. United Savings Bank................................ Farmers and Mechanics Bank................ Union Industrial Trust & Savings Bank Ann Arbor Savings Bank......................... Commercial Bank of Menominee........... Pigeon State Bank..................................... Hudson State Savings Bank.................... State Savings Bank................................... East Lansing State Bank......................... Grand Haven State Bank........................ First State Bank........................................ State Bank of Port H ope......................... State Savings Bank................................... Eaton County Savings Bank................... Isabella County State Bank.................... The Manistique Bank.................. ..> .... Lapeer Savings Bank............................ State Bank of F. W. Hubbard and C o .. Springport State Savings Bank............... Oxford Savings Bank................................ Old State Bank.......................................... Emmet County State Bank..................... Monroe County Bank............................... Greenville State Bank............................... Utica State Savings Bank........................ Fruit Growers State Bank....................... Clarkston State Bank............................... H. C. McLachlin and Co. State Bank. . Big Rapids Savings Bank........................ John W. Free State Bank........................ First State Bank........................................ Holland City State Bank......................... G. W. Jones Exchange Bank................... Plymouth United Savings Bank............. Zeeland State Bank................................... Cadillac State Bank.................................. State Savings Bank of Vassar................. Peoples American State Bank................. Blissfield State Bank................................. State Savings Bank................................... The Pinney State Bank............................ The Blanchard State Bank...................... Jipson-Carter State Bank......................... American State Bank................................ Ludington State Bank.............................. First State Savings Bank......................... Central State Bank of Benzonia............. Loan and Deposit State Bank................ Gwinn State Savings Bank...................... Peoples Savings Bank............................... First State and Savings Bank................. Lee State Bank.................................. '...■. Chesaning State Bank.............................. Commercial and Savings Bank............... Fountain State Bank................................ First State and Savings Bank................. Newport State Bank................................. Farmers and Merchants State B a n k... . Owosso Savings Bank............................... Central Savings Bank............................... Republic State Bank............................ . . First Peoples State Bank......................... State Savings Bank................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dearborn............................... .Full W yandotte......................................... Full Sturgis.................................................Full Detroit................................................ Full Ann A rbor.......................................... Full Flint.................................................... Full Ann Arbor.......................................... Full Menominee..................................Limited Pigeon.......................................... Limited Hudson.........................................Limited Manistique.................................. Limited East Lansing.......................... . .Limited Grand Haven..............................Limited Holland........................................ Limited Port H ope................................... Limited Escanaba......................................Limited Charlotte......................................Limited Mt. Pleasant............................... Limited Manistique.................................. Limited Lapeer.......................................... Limited Bad A xe....................................... Limited Springport................................... Limited Oxford.......................................... Limited Fremont....................................... Limited Harbor Springs........................... Limited Dundee.........................................Limited Greenville.................................... Limited U tica.............................................Limited Saugatuck....................................Limited Clarkston..................................... Limited Petersburg................................... Limited Big Rapids.................................. Limited Paw Paw......................................Limited South Haven, ; ........................... Limited Holland........................................ Limited Marcellus..................................... Limited Plymouth.....................................Limited Zeeland.........................................Limited Cadillac........................................ Limited Vassar...........................................Limited Saginaw..................................... . Limited Blissfield.......................................Limited Remus.......................................... Limited Cass C ity ..................................... Limited Blanchard.................................... Limited . Blissfield......................................Limited Frankenmuth..............................Limited Ludington....................................Limited Bronson........................................Limited Beulah..........................................Limited Grand Ledge............................... Limited Gwinn...........................................Limited . Grand Haven..............................Limited Flushing....................................... Limited Dowagiac..................................... Limited Chesaning.................................... Limited .St. Clair.......................................Limited Fountain...................................... Limited Howell..........................................Limited Newport.......................................Limited Carson C ity .................................Limited Owosso......................................... Limited Sault Ste. Marie.........................Limited Republic.......................................Limited Traverse C ity..............................Limited Stanton........................................ Limited xvii RE PO R T OF THE COMMISSIONER Growth of State Banks December 31, 1931, marks the forty-third anniversary of the founding of the present system of state bank supervision in Michigan. The following table shows by ten year periods the aggregate footings of the state banks from the close of the first year s existence of this Department to the present time; together with figures of call of Sept. 29, 1931. Figures Given in Even Thousands 499 Banks 16 Trust Co’s. Sept. 29, 1931. 187 Banks 3 Trust Co’s. Dec. 2, 1899. 376 Banks 5 Trust Co’s. Nov. 16, 1909. 516 Banks 10 Trust Co’s. Nov. 17, 1919. 586 Banks 23 Trust Co’s. Oct. 4, 1929. $30,816 $94,028 $217,815 $751,098 $1,158,124 $828,075 534 7,551 4,108 22,441 6,954 48,949 18,243 173,558 61,463 646,612 65,951 582,279 $38,901 $120,577 $273,718 $942,899 $1,866,199 $1,476,305 Capital stock paid in................................. Surplus and undivided profits.................. Deposits....................................................... Bills payable and rediscounts................... Other liabilities........................................... $5,519 1,819 31,284 278 1 $12,262 5,090 103,129 95 1 $22,161 16,743 234,423 391 $46,008 45,074 810,595 24,726 16,496 $97,461 119,312 1,483,971 60,099 105,356 $78,750 102,420 1,189,855 16,927 88,353 Totals............................................... $38,901 $120,577 $273,718 $942,899 $1,866,199 $1,476,305 Resources. Loans........................................................... Banking house, furniture and fixtures and other real estate...................................... Cash on hand, in banks, and other assets. Totals............................................... 80 Banks Jan. 7, 1889. Liabilities. In the period 1889-1899, the following approximate increases are shown: Deposits $71,845,000.00; loans, $63,212,000.00; capital, $6,743,000.00; surplus and undivided profits, $3 271 000.00. 1899-1909 shows the following increases: Deposits $131,294,000.00; loans, $123,787,000.00; capital $9,899,000.00; surplus and undivided profits, $11,653,000.00. 1909-1919 shows the following increases: Deposits, $576,172,000.00; loans, $533,283,000.00; capital $23,847,000.00; surplus and undivided profits, $28,331,000.00. 1919-1929 shows the following increases: Deposits, $673,376,000.00; loans, $407,026,000.00; capital, $51, 453,000.00; surplus and undivided profits, $74,238,000.00. 1929-1931 shows the following decreases: Deposits, $294,116,000.00; loans, $330,049,000.00; capital, $18,711,000.00; surplus and undivided profits, $16.892,000.00. Earnings and Dividends for the Year Ending June 30, 1931 $92,875,627 68 73,111,931 67 Gross Earnings............................. Expenses, Interest and Taxes Paid Net Earnings...................................................... Recoveries on Items Previously Charged Off Total Losses, Bad Debts, etc., Charged Off $19,763,696 01 1,213,096 84 $20,976,792 85 8,896,380 20 Balance of Earnings Dividends Paid........ $12,080,412 65 11,863,545 19 Total Average Capital for above period Total Average Surplus for above period $86,695,655 00 89,908,004 52 Total Average Capital and Surplus............................................... Total Average Deposits for above period— ............................... Percentage of Net Earnings on Average Capital and Surplus. . Percentage of Dividends paid on Average Capital and Surplus Percentage of Net Earnings on Average Deposits....................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $176,603,659 52 $1,351,897,771 86 11.19% 6.7 2% 1.45% xviii STATE BANKING D EPARTM EN T Number of Depositors Reports as to the number of depositors were received from the 499 state banks, 16 trust companies and 113 national banks as of September 29, 1931. An abstract of these reports shows total depositors of 3,089,778, divided into the following classifications: State Banks, commercial depositors........................................... ................................ 530,312 State Banks, savings depositors............................................................... .................... 1,881,034 National Banks, commercial depositors...................................................................... 162,697 National Banks, savings depositors............................................................................. 515,735 The following table shows the number of commercial and savings depositors in the 499 State Banks, 16 trust companies and 113 National Banks, the aggregate deposits and per capita of deposits: Banks A vera ge to each depositor Class o f deposits N u m ber o f depositors. f C o m m e rcia l.. . 5 30 ,312 1 ,8 8 1 ,0 3 4 $ 4 7 7 ,6 7 5 ,0 1 4 56 7 1 2 ,1 7 9 ,7 1 0 81 $900 74 378 61 162,697 5 1 5 ,7 3 5 2 3 0 .8 3 8 .0 0 0 00 2 5 2 .2 5 6 .0 0 0 00 1 ,4 1 8 82 489 12 A m o u n t of deposits Receipts and Disbursements of the Department 1931 In accordance with Section 43 of the General Banking Law, the Department has collected and turned over to the State Treasury the following fees and collections: First Examination Fees.............................................................................................. $158,167 82 Preliminary Examination Fees................................................................................. 19.72 Special Fees.................................................................................................................. 1,652 ’ 07 Special Examination Fees.......................................................................................... 1,083.63 Small Loan License Fees........................ 46,767.20 Fees in re application for investigation................................................................... 450.00 Credit Union Fees....................................................................................................... 500.00 Receiverships................................................................................................................ 6,186 38 Total Fees turned over to the State Treasurer for the year 1931..................... $214,826 82 Franchise and Filing Fees turned over to the Secretary of State for the year 1931............................................................................................................................ 3,220 00 Total Departmental Receipts, 1931............................................................ $218,046 82 During the year 1931 the expenses of the Department were as follows: Salaries: Commissioner, Deputy Commissioners, Examiners, Stenographers and Clerks........ ........................................................................................................ $130,564 83 Expenses incurred in examination of Banks.......................................................... 68,215 00 Supplies, Other Contractual Service........................................................................ 12,215 54 Outlay for Equipment........................ ........................................................................ 20 00 Maintenance of Equipment....................................................................................... 120 11 Total Expenses................................................... •............................................ $211,135 48 Total Receipts.............................................................................................................. $218,046 82 Total Expenses............................................................................................................. 211,135 48 $6,911 34 The receipts exceeding expenses for the year 1931, for its present system of bank super vision, is therefore $6,911.34. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RE PO R T OF THE COMMISSIONER xix Reserve Cities As required by Section 27 of the General Banking Law, I hereby designate for the year 1932 the following cities as reserve cities for Michigan state banks and trust companies, and any incorporated bank or trust company located therein, having the required capital and surplus prescribed by law, may become a legal depository for reserve funds. Adrian, Alpena, Ann Arbor, Battle Creek, Bay City, Benton Harbor, Cadillac, Calumet, Dearborn, Detroit, Flint, Grand Rapids, Houghton, Ionia, Jackson, Kalamazoo, Lansing, Marquette, Mount Clemens, Muskegon, Pontiac, Port Huron, Saginaw, Traverse City, Baltimore, Boston, Buffalo, Chicago, Cincinnati, Cleveland, Duluth, Milwaukee, Minne apolis, New York, Philadelphia, Pittsburg, St. Louis, St. Paul and Toledo. ♦MEMBER BANKS OF FEDERAL RESERVE SYSTEM There are 109 state banks which are members of the Federal Reserve System, with aggregate resources of $925,692,002.50 upon December 31, 1931, which evidences 77.2 per cent of the total resources of state banks in Michigan upon that date. The Federal Reserve Act provides that state bank members shall retain their statutory state right after becoming a member of the Federal Reserve System, and the reserve re quirements of member banks are governed— after they have become such members by the Federal Reserve Act, rather than the provisions of the state banking law. The Federal Reserve Act provides that the Federal Reserve Board may accept in lieu of their own examinations of member state banks, the examinations made by the respective state departments, having supervision over them. The examinations of this department have been accepted by the Federal Reserve Board. * 162 89 66 167 169 26 144 468 473 30 259 481 163 216 680 671 421 660 218 397 203 235 524 182 176 459 743 47 738 750 386 142 193 129 215 101 23 758 592 450 297 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Adrian State Savings Bank, Adrian Commercial Savings Bank, Adrian Lenawee County Savings Bank, Adrian Commercial and Savings Bank, Albion* Alpena Trust and Savings Bank, Alpena* Farmers and Mechanics Bank, Ann Arbor State Savings Bank, Ann Arbor Armada State Bank, Armada Farmers State Bank of Armada Peoples Commercial & Savings Bank, Bay City Big Rapids Savings Bank, Big Rapids* Blanchard State Bank, Blanchard* Blissfield State Bank, Blissfield Brown City Savings Bank, Brown City Cass City State Bank, Cass City Pinney State Bank, Cass City Cass County State Bank, Casspolis* Center Line State Savings Bank, Center Line Eaton County Savings Bank, Charlotte* Farmers and Merchants Bank, Chelsea Kempf Commercial and Savings Bank, Chelsea Chesaning State Bank, Chesaning Peoples Savings Bank, Coopersville* State Bank of Croswell, Croswell Davison State Bank, Davison Dearborn State Bank, Dearborn Guardian Bank of Dearborn Detroit Savings Bank, Detroit Guardian Detroit Bank, Detroit Peoples Wayne Co. Bank, Detroit United Savings Bank, Detroit Monroe County Bank, Dundee Edmore State Bank, Edmore* Elk Rapids State Bank, Elk Rapids* Old State Bank, Fennville* Citizens Com’l & Savings Bank, Flint Genesee County Savings Bank, Flint Union Industrial Tr. & Savings Bank, Flint American State Bank, Frankenmuth Frankenmuth State Bank, Frankenmuth Fremont State Bank, Fremont* XX STATE BANKING DEPARTM EN T 345 249 443 689 61 402 263 434 78 56 91 106 109 24 517 115 1 575 300 271 360 239 242 172 116 198 137 22 107 591 469 472 491 222 170 277 690 245 378 348 400 206 354 194 777 25 493 350 628 390 29 148 207 543 138 639 401 440 438 35 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Old State Bank, Fremont* Grand Haven State Bank, Grand Haven* Peoples Savings Bank, Grand Haven* American Home & Security Bank, Grand Rapids* Grand Rapids Savings Bank, Grand Rapids* Old Kent Bank, Grand Rapids* Commercial State Savings Bank, Greenville* Highland Park State Bank, Highland Park Hillsdale Savings Bank, Hillsdale First State Bank, Holland* Holland City State Bank, Holland* First State and Savings Bank, Holly First State and Savings Bank, Howell Lapeer County Bank, Imlay City Peoples State Bank, Imlay City -Grosvenor Savings Bank, Jonesville Bank of Kalamazoo, Kalamazoo* Commercial State Savings Bank, Lakeview* Farmers and Merchants State Bank, Lakeview* Lapeer Savings Bank, Lapeer City State Bank, Lowell* Ludington State Bank, Ludington* Peoples Bank, Manchester Union Savings Bank, Manchester Manistee County Savings Bank, Manistee* G. W. Jones Exchange Bank, Marcellus* Commercial Savings Bank, Marshall* The Farmers Bank, Mason First State and Savings Bank, Mason Chemical State Savings Bank, Midland* Peoples State Bank, Milan First State Bank, Milford Farmers State Bank, Montague* Citizens Savings Bank, Mt. Clemens Exchange Savings Bank, Mount Pleasant* Isabella County State Bank, Mount Pleasant* Citizens State Savings Bank, New Baltimore New Haven Savings Bank, New Haven Onsted State Bank, Onsted Pigeon State Bank, Pigeon Pinconning State Bank, Pinconning Macomb County Savings Bank, Richmond Presque Isle County Savings Bank, Rogers City* Romeo Savings Bank, Romeo Guardian Bank of Royal Oak Bank of Saginaw, Saginaw Peoples American State Bank, Saginaw Fruit Growers State Bank, Saugatuck Farmers and Merchants State Bank, Sebewaing St. Charles State Bank, St. Charles Commercial and Savings Bank, St. Clair Citizens State Bank, South Haven* Sparta State Bank, Sparta* Spring Lake State Bank, Spring Lake* Traverse City State Bank, Traverse City* Utica State Savings Bank, Utica State Savings Bank, Warren Washington Savings Bank, Washington Crossman & Williams State Bank, Williamston Williamston State Bank, Williamston R E PO R T OF TH E COMMISSIONER Upper Peninsula 299 553 507 135 324 269 54 278 State Savings Bank, Escanaba State Bank of Ewen, Ewen Gladstone State Savings Bank, Gladstone Commercial Bank, Iron Mountain Commercial Bank, Menominee Central Savings Bank, Sault Ste. Marie Sault Savings Bank, Sault Ste. Marie South Range State Bank, South Range *Banks with exception of those marked * are members of Detroit Branch. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis xxi xxii STATE BANKING D EPARTM EN T Report of Receivers under date of December 31,1931 Liabilities at date of suspension (Excluding stockholders’ interest). Assets at date of suspension. Arcadia State Bank, Arcadia, L. D. Rose, Receiver.................................... Baroda State Bank, Baroda, George C. Tyson, Receiver............................ Bay City Bank, Bay City, Donald Bieknell, Receiver................................ Bay County Savings Bank, Bay City, R. C. Wixson, Temporary Receiver.......................................................................................................... State Bank of Beaverton, Beaverton, Laurin J. Budge, Receiver.............. Belding Savings Bank, Belding, C. N. Wilson, Receiver............................. Benton Harbor State Bank, Benton Harbor, Arthur Foeltzer, Receiver.. Berrien County Bank, Benton Harbor, W. Worth Bean., Jr., Receiver Berkley State Bank, Berkley, George H. VanBuren, Receiver................... Citizens State Bank, Big Rapids, Wallace F. Henry, Receiver.................. First State Savings Bank, Birmingham, Charles W. Lee, Receiver........... Bridgman State Bank, Bridgman, T. F. Gore, Receiver............................. Peoples State Savings Bank, Britton, Frank C. Miller, Receiver.............. Buchanan State Bank, Buchanan, Harry Boyce, Receiver......................... Peoples Savings Bank, Cadillac, Leo R. Barnes, Receiver......................... State Bank of Caledonia, Caledonia, Milo R. Strickland, Receiver.......... State Savings Bank, Caro, H. P. Orr, Temporary Receiver....................... Farmers & Merchants State Bank, Carson City, Geo. E. Fritz, Receiver. First State Bank, Carsonville, Leon 0. Wentworth, Receiver.................... Farmers & Merchants State Bank, Casnovia, Bankers Trust Co. of Muskegon, Receiver...................................................................................... Edwin Nash State Bank, Clarksville, Daniel W. Lind, Receiver............... Climax State Bank, Climax, Herman E. Rapp, Receiver............................ Clio State Bank, Clio, R. Oren Shelley, Receiver........................................ State Bank of Coloma, Coloma, H. E. Lyon, Receiver............................... Coopersville State Bank, Coopersville, C. Leo VanFrank, Receiver......... State Bank of Deckerville, Deckerville, Leon 0. Wentworth, Receiver... Fidelity Bank and Trust Co., Detroit, J. Walter Drake and Harry J. Fox, Receivers........................................................................................................ Guaranty Trust Co., Detroit, Detroit Trust Company, Receiver.............. Metropolitan Trust Co., Detroit, Scott E. Lamb and Charles A. Smith, Receivers......................................................................................................... Standard Trust Co., Detroit, E. W. Barber, Receiver................................. Dimondale State Bank, Dimondale, Harry 0. Mohrmann, Receiver........ Michigan State Bank, East Lansing, Clayton Jennings, Receiver............. Michigan State Bank, Eaton Rapids, Harry 0 . Mohrmann, Receiver.. . . Erie State Bank, Erie, Vivian B. Morton, Receiver.................................... Farmington State Savings Bank, Farmington, Howard C. Knickerbocker, Receiver.......................................................................................................... State Savings Bank, Fenton, E. Clair Reid, Receiver................................. American State Bank, Ferndale, George H. VanBuren, Receiver.............. Ferndale State Bank, Ferndale, George H. VanBuren, Receiver............... State Savings Bank, Flat Rock, Walter C. Sturm, Receiver...................... Peoples State Bank, Flushing, Mylo Ragan, Receiver................................. State Bank of Freeport, Freeport, W. R. Lobdell, Receiver....................... State Bank of America, Hamtramck, E. W. Barber, Receiver................... First State Bank, Hartford, F. C. Stapleton, Receiver................................ Hazel Park State Bank, Hazel Park, Harry W. Gross, Receiver............... Peoples State Bank, Ida, A. E. Shinevar, Receiver...................................... State Savings Bank, Ionia, F. B. Post, Receiver.......................................... Farmers & Workingmen’s Savings Bank, Jackson, Jackson City Bank <fe Trust Co., Receiver....................................................................................... Jeddo State Bank, Jeddo, George W. Watson, Receiver............................. Farmers State Bank, Kawkawlin, Guy H. Moulthrop, Receiver............... State Savings Bank, Lincoln Park, Charles H. Schütz, Receiver............... Lochmoor State Bank, Lochmoor, E. W. Barber, Receiver........................ Lyons State Bank, Lyons, F. B. Post, Receiver........................................... Berlin State Bank, Marne, C. Leo VanFrank, Receiver.............................. Midland County Savings Bank, Midland, Paul D. Bywater, Receiver. . . Farmers State Savings Bank, Milford, Howard C. Knickerbocker, Receiver........................................................................................................... Union State Bank, Mio, Henry H. Stickfort, Receiver................................ Dansard State Bank, Monroe, Harry J. Seitz, Receiver.............................. Monroe State Savings Bank, Monroe, J. D. Cook, Receiver...................... Montrose State Bank, Montrose, Mylo Ragan, Receiver............................ Peoples State Bank for Savings, Muskegon, Leon Titus, Receiver............ Nashville State Bank, Nashville, E. B. Finley, Jr., Receiver..................... Lapham State Savings Bank, Northville, Hoyt Woodman, Receiver........ Northville State Savings Bank, Northville, Sidney M. Liddell, Receiver.. First State Bank, Petoskey, C. J. Gray, Temporary Receiver................... Peoples State Trust & Savings Bank, Pontiac, Clifford W. Ham, Receiver. Pontiac Com’l & Savings Bank, Pontiac, Hugh A. McPherson, Receiver. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Amount paid to creditors to date. $92,089 50 122,588 22 5,411,344 56 S60,544 67 100,985 89 4,679,536 54 17,600 26 5,387 38 462,839 77 5,379,669 165,026 1,265,171 1,366,783 901,268 250,097 1,512,774 2,695,882 537,067 207,701 424,478 1,080,674 616,040 997,607 229,862 286,259 68 83 85 23 92 76 97 36 94 07 64 00 53 26 34 30 4,641,707 142.322 1,097,119 1,148,766 777,753 217,690 1,335,040 2,249,049 439,766 181,963 327,804 912,014 497.323 758,030 191,638 266,869 06 24 22 49 75 88 30 28 58 46 86 49 33 00 23 31 59,535 91 None 96,593 10 2,743 91 105,427 16 46,310 90 61,325 00 311,594 77 135,866 84 1,375 77 35,299 29 56,368 86 35,651 63 93,451 98 19,148 99 133,989 96 183,175 227,359 134,322 460,384 356,859 883,389 842,533 80 95 39 48 41 17 97 161,717 197,735 108,035 417,876 284,502 744,073 759,588 63 64 50 61 70 97 25 144,292 12 16,032 50 9,058 25 3,872 00 None 672 04 292,619 61 8,783,867 80 3,250,180 02 6,470,820 21 1,850,752 21 152,022 12 189,123 07 2,571,557 1,309,537 149,073 175,356 506,579 218,153 54 50 95 72 34 76 1,960,102 1,811,572 112,749 150,318 355,065 194,436 90 41 58 89 16 98 223,909 06 222,310 36 None 11,000 00 9,603 24 5,373 13 819,470 1,166,027 1,760,296 607,121 670,950 299,711 267,070 1,284,233 135,926 238,240 241,885 1,281,001 69 74 23 31 44 36 59 75 83 94 89 11 760,994 1,046,480 1,624,393 479.924 600,187 248,783 219,130 1,123,428 112,358 211,972 200,727 1,121,542 77 95 52 56 06 30 02 31 78 83 52 43 25,384 91,025 395,483 125,833 46,275 2,749 10,825 489,771 39.806 874,056 42,004 143,283 1,159,512 387,838 167,865 184,422 724,097 81 52 74 14 10 44 43 76 778,399 46,653 122,903 1,095,677 354,393 144,302 153.924 696,609 00 37 29 86 63 20 88 41 69,203 73 25,313 66 11.806 56 127,111 67 103,422 90 16,108 39 None 339,689 65 289,373 161,822 2,356,298 1,918,163 301,559 2,360,457 909,186 1,135,280 615,665 1,025,135 2,689,552 15,592,720 48 40 12 21 70 08 29 12 37 84 81 51 256,608 136,120 2,067,671 1,558,076 251,988 1,605,292 814,397 1,013,128 510,834 936,093 2,121,366 14,315,184 87 24 06 45 85 68 58 29 35 55 70 23 87 83 03 48 72 05 68 27 04 10,000 00 589 19 167,676 09 23,397 21,547 119,156 120,000 17,942 192,132 25.000 25.000 13,057 64,136 129,513 1,291,713 59 63 94 00 88 92 00 00 43 48 85 02 xxiii R E PO R T OF TIIE COMMISSIONER Liabilities at date of suspension (Excluding stockholders’ interest). Assets at date of suspension. Romulus State Bank, Romulus, Charles H. Schütz, Receiver.................... Roscommon State Bank, Roscommon, J. J. McGrath, Temporary Receiver......................................................................................................... State Savings Bank, Royal Oak, Harry W. Gross, Receiver...................... Gratiot County State Bank, St. Louis, James P. Gibbs, Temporary Receiver.......................................................................................................... Exchange State Bank, Sand Lake, F. I. Card, Temporary Receiver........ Peoples State Bank, Scottville, C. Leo VanFrank, Temporary Receiver.. Stevensville State Bank, Stevensville, Benjamin F. Krai, Receiver.......... Sunfield State Savings Bank, Sunfield, Carroll S. Brown, Receiver.......... United Savings Bank, Tecumseh, Frank C. Miller, Receiver..................... Farmers State Bank, Vicksburg, Karl Gibson, Receiver............................. Peoples State Bank, Wayne, Russell B. Reader, Receiver......................... Wayne Savings Bank, Wayne, Wm. B. Detwiler, Receiver........................ Amount paid to creditors to date. 735,061 18 658,836 35 22,000 00 241,275 20 7,595,432 42 193,142 91 6,449,752 14 None 404,292 57 68 232,052 107,149 374,690 294,104 263,189 1,232,117 577,700 1,046,840 1,667,306 69 89 16 21 33 67 61 58 36 None 6,065 00 21,008 29 19,858 71 34,588 81 76,529 07 48,232 15 146,997 23 121,928 71 73 28 32 36 53 80 23 71 37 533,297 105,598 408,874 8,197,454 183,878 193,430 237,819 334,772 121,231 64 78 74 75 31 66 66 None None None None None None None None None $95,748,067 26 $7,992,575 07 264,782 143,078 435,598 343,580 304,435 1,355,224 641,080 1,137,583 1,785,596 03 58 09 47 27 48 02 01 609,219 133,254 501,245 9,439,726 212,946 230,383 271,297 370,077 147,924 BANKS CLOSED AND STILL IN CHARGE OF THE DEPARTMENT ON DECEM BER 31, 1931. Albion State Bank, Albion.............................. Peoples State Bank, Butternut...................... Oceana County Savings Bank, Hart . ............ American State Savings Bank, Lansing........ Peoples State Bank, Middleton...................... New Buffalo State Bank, New Buffalo......... Citizens State Savings Bank, Otsego............ Kalamazoo County State Bank, Schoolcraft, Peoples State Bank, Sheridan........................ Totals. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $112,303,756 27 86 20 xxiv STATE BANKING D EPAR TM E N T The following table is a condensed abstract of the 18 closed and 74 active receiverships since the organization of this Department in 1889. Abstract of Receiverships 18 C losed Receiverships. 74 A ctiv e Receiverships. T otals. $ 9 ,0 3 4 ,2 1 6 28 1 ,3 5 8 ,6 4 4 07 $ 8 4 ,3 5 4 ,8 1 8 90 1 ,0 1 8 ,4 5 6 89 $ 9 3 ,3 8 9 ,0 3 5 18 2 ,3 7 7 ,1 0 0 96 5 4 7 ,7 3 8 71 1 ,0 7 0 ,1 8 9 36 1 ,6 1 7 ,9 2 8 07 $ 1 0 ,9 4 0 ,5 9 9 06 $ 8 6 ,4 4 3 ,4 6 5 15 $ 9 7 ,3 8 4 ,0 6 4 21 $ 6 ,0 2 0 ,6 7 4 95 3 2 9 ,1 1 7 76 $ 1 1 ,9 4 3 ,0 3 8 46 3 ,5 7 2 ,5 3 4 83 $ 1 7 ,9 6 3 ,7 1 3 41 3 ,9 0 1 ,6 5 2 59 3 ,9 5 4 ,7 8 0 10 6 3 6 ,0 2 6 25 5 83 ,475 12 7 0 ,3 4 3 ,4 9 0 62 926 12 4 ,5 3 8 ,2 5 5 22 7 0 ,9 7 9 ,5 1 6 87 926 12 $ 1 0 ,9 4 0 ,5 9 9 06 $ 8 6 ,4 4 3 ,4 6 5 15 $ 9 7 ,3 8 4 ,0 6 4 21 C ollection s: A m ou n t collected b y re ce iv e r......................................... $ 5 ,9 3 0 ,0 5 4 85 F rom assessm ent on sto ck h o ld e rs.................................. 3 4 0 ,2 7 4 62 $ 1 1 ,9 5 4 ,5 7 5 54 2 0 6 ,3 1 6 17 4 3 2 ,7 0 8 20 $ 1 7 ,8 8 4 ,6 3 0 39 2 0 6 ,3 1 6 17 '7 7 2 ,9 8 2 82 T o ta l C o lle c tio n s ........................................................ $ 6 ,2 7 0 ,3 2 9 47 $ 1 2 ,5 9 3 ,5 9 9 91 $ 1 8 ,8 6 3 ,9 2 9 38 Assets at date of su spen sion ................................................ Assets acquired b y receiver since su spen sion ................ Prem ium , interest, rent, etc., received since D isposition of A ssets: A m ou n t collected b y receiver t o d a t e ......................... O ffsets allow ed and s e t t le d .............................................. Losses on assets com p ou n d ed or sold b y order of Assets on hand at date of this r e p o r t.......................... D isposition of C ollection s: Loans paid, and other disbu rsem en ts.......................... D ivid en d s p a id ...................................................................... Legal expenses p a id ............................................................ R eceiv er’s salary paid to d a t e ........................................ A ll other exp en ses................................................................ Balance in hands o f State T reasu rer............................ Balance in hands o f re ce iv e r........................................... $988,331 4 ,5 6 9 ,5 2 7 196,161 231 ,001 248 ,5 4 9 2 6 ,5 8 3 10,175 32 06 42 33 28 95 11 $ 5 ,6 2 6 ,9 4 4 1 ,4 9 0 ,3 4 2 7 2 ,1 5 6 132,751 4 6 1 ,6 7 4 3 ,0 8 9 ,6 1 0 1 ,7 2 0 ,1 1 9 42 79 69 51 41 85 24 $ 6 ,6 1 5 ,2 7 5 6 ,0 5 9 ,8 6 9 2 68 ,318 363 ,7 5 2 710 ,223 3 ,1 1 6 ,1 9 4 1 ,7 3 0 ,2 9 4 74 85 11 84 69 80 35 T o ta l D isbursem ents and B a lan ces..................... $ 6 ,2 7 0 ,3 2 9 47 $ 1 2 ,5 9 3 ,5 9 9 91 $ 1 8 ,8 6 3 ,9 2 9 38 T o ta l C apital S tock at d ate o f fa ilu re............................. A m ou n t o f D ep osits at date o f fa ilu re............................. A m ou n t o f oth er L iabilities at date o f fa ilu r e .............. $ 1 ,0 4 5 ,0 0 0 00 6 ,9 7 2 ,5 7 1 74 1 ,3 9 9 ,3 6 1 16 $ 6 ,3 0 2 ,5 0 0 00 6 6 ,1 5 2 ,6 7 1 95 7 ,5 9 8 ,0 9 5 45 $ 7 ,3 4 7 ,5 0 0 00 7 3 ,1 2 5 ,2 4 3 69 8 ,9 9 7 ,4 5 6 61 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis xxv R E PO R T OF THE COMMISSIONER • STATE BANKS OF TH E SEVENTH FED ER AL RESERVE D IST R IC T OF M ICH IG AN Abstract of the 459 State Banks and 8 Industrial Banks in the Seventh Federal Reserve District of Michigan on September 29, 1931 Resources. Loans and Discounts: Commercial............................................................................................* .................................. Savings.......................................................................................................................................... Real Estate Mortgages: Commercial................................................................................................................................. Savings.......................................................................................................................................... Bonds and Securities: Comm ercial................................................................................................................................. Savings.......................................................................................................................................... Due from Federal Reserve Bank: Commercial......................................................................................................... Savings.......................................................................................................................................... Due from Banks in Reserve Cities: Commercial................................................................................................................................. Savings.......................................................................................................................................... U. S. Bonds and Cert, of Ind. as legal Reserve. Savings Department o n ly ... : Exchanges for Clearing House: Commercial................................................................................................................................. Savings............................................................................................................... Total Cash on Hand: Commercial................................................................................................................................. Savings.......................................................................................................................................... Overdrafts........................................................................................................................................ Premium Account............................................................................................ Banking House............................................................................................................................... Furniture and Fixtures............................................................................................ Other Real E state......................................................................................................................... Due from other Banks and Bankers..................................................................................... Customers’ bonds left for safekeeping................................................................................. Outside checks and other cash item s. ................................................................................. Stock of Federal Reserve B ank.............................................................................................. Accrued interest receivable (n et)........................................................................................... Customers’ acceptances and letters of credit.................................................................... Other Assets.................................................................................................................................... Trust Department Resources, viz: Cash. ................................................................................................................................................. Due from Banks in Reserve Cities........................................................................................ Securities.......................................................................................................................................... $ 2 3 1 ,0 0 0 ,4 1 9 81 1 5 1 ,4 9 8 ,2 5 6 12 7 ,8 3 6 ,1 0 5 77 3 1 5 ,4 6 3 ,4 5 9 84 1 4 9 ,5 8 8 ,0 0 9 11 1 2 0 ,9 3 2 ,2 5 8 69 2 6 ,0 7 2 ,0 2 0 08 1 5 ,7 7 0 ,2 0 8 93 4 0 ,7 7 9 ,3 7 1 06 1 7 ,2 1 9 ,3 0 3 44 1 1 ,0 4 1 ,3 2 3 92 7 ,6 2 2 ,7 3 9 43 8 7 4 ,6 9 3 19 1 2 ,0 7 5 ,7 0 3 7 ,6 4 6 ,8 0 2 187,268 1 6 2 ,1 3 4 3 5 ,2 4 5 ,7 7 3 6 ,8 5 9 ,6 1 8 1 0 ,8 0 9 ,4 7 1 8 ,1 1 8 ,6 6 3 1 7 ,7 0 5 ,8 2 9 4 ,7 9 0 ,9 8 0 2 ,9 5 2 ,3 0 0 4 ,8 8 1 ,7 9 8 5 ,8 7 6 ,6 6 5 3 1 ,1 5 6 ,5 2 6 59 94 04 82 38 56 84 79 83 56 00 36 20 95 111,190 85 2 1 6 ,2 5 8 40 1 ,2 4 7 ,0 8 0 85 $ 1 ,2 4 5 ,7 4 2 ,2 3 7 35 Total Liabilities. Capital Stock paid i n ................................................. Surplus F u n d ................................................................. Undivided Profits, n e t............................................... Dividends Unpaid....................................................... Reserved for Taxes, Interest, etc.......................... Commercial Deposits subject to Check.............. Demand Certificates of D eposit............................ Certified Checks........................................................... Cashiers’ Checks.......................................................... Due to other Banks and Bankers......................... State M oneys on Deposit......................................... U. S. Government Deposits..................................... Time commercial certificates of deposit............. Industrial Investment Certificates....................... Savings deposits (book accounts).......................... Savings certificates of deposit................................. Club Savings Deposits (X m as Thrift etc.) Notes and Bills Rediscounted................................ Bills P ayable.................................................................. Bonds sold Subject to Repurchase....................... Customers’ Bonds left for Safekeeping............... Customers’ Acceptances and Letters of Credit Accrued Interest, and Expense Payable (n et). Other Liabilities............................................................ Trust Department Trust Deposits— T otals............................................. Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $ 6 1 ,6 6 5 ,0 0 0 6 7 ,5 0 0 ,1 4 1 1 5 ,3 8 9 ,5 9 8 1 2 7 ,0 4 4 1 1 ,7 9 4 ,4 5 5 3 1 9 ,8 2 4 ,1 8 6 2 1 ,8 5 8 ,5 7 2 9 7 5 ,3 7 3 6 ,9 4 8 ,4 9 2 3 4 ,5 1 4 ,4 7 7 4 ,4 7 4 ,8 8 2 1 7 ,1 7 0 ,1 7 6 1 3 ,5 1 0 ,3 0 1 9 2 8 ,9 1 0 5 2 3 ,1 2 4 ,4 4 3 9 2 ,4 8 0 ,0 1 3 8 ,3 5 8 ,4 3 3 2 ,7 6 1 ,6 9 4 1 0 ,7 2 7 ,4 6 1 4 1 0 ,7 1 1 1 7 ,7 0 5 ,8 2 9 5 ,9 8 5 ,3 9 1 4 ,9 8 9 ,5 3 6 1 ,0 7 3 ,7 8 9 00 87 97 30 53 27 04 91 27 68 58 17 47 39 35 65 62 82 48 29 83 79 40 55 1 ,4 4 3 ,3 1 8 12 $ 1 ,2 4 5 ,7 4 2 ,2 3 7 35 xxvi STATE BANKING D EPARTM EN T TRU ST COM PANIES OF TH E » SEVENTH FED ER AL RESERVE D IST R IC T OF M ICH IG AN Abstract of the 15 Trust Companies in the Seventh Federal Reserve District of Michigan on September 29, 1931. Resources. Collateral Loans: T im e ................... Collateral Loans: Demand............ Other L oans.......................................... Loans on Real Estate Mortgages. In Office. . W ith State Treasurer In Office............................... W ith State Treasurer. . . Stocks............................................................................. Real Estate Owned................................................... Other Investm ents.................................................... Real Estate Mortgages to Secure Debentures Advances to Trusts................................................... Safe Deposit V au lts.................................................. Furniture and Fixtures............................................ Banking H ouse............................................................ Due from Approved Reserve Depositaries. . . Due from Other Banks and Bankers................ Outside Checks and Cash Item s......................... C a sh ................................................................................ Items in Transit......................................................... Overdrafts..................................................................... Accrued Interest and Prepaid Expense............ Expenses Exceeding Earnings.............................. Securities for Safekeeping....................................... Other Assets................................................................. Bonds. Total $ 2 8 ,2 1 5 ,7 2 4 2 ,1 1 1 ,8 1 6 2 ,5 8 5 ,6 4 1 4 6 ,6 2 1 ,3 5 9 1 ,7 2 0 ,4 9 9 2 7 ,8 7 9 ,7 0 9 660,7 9 1 6 ,3 9 5 ,5 8 0 7 ,1 1 1 ,4 4 4 2 ,9 0 0 ,9 2 6 2 7 ,1 4 7 ,4 0 2 8 ,6 2 2 ,7 2 2 3 5 ,3 2 3 8 6 9 ,4 6 6 3 ,9 8 0 ,4 7 5 1 7 ,4 1 3 ,7 9 7 2 ,6 5 8 ,6 2 2 4 0 ,5 9 3 2 8 8 ,2 9 5 2 ,3 7 4 ,3 9 6 1 3 ,0 7 4 3 ,2 0 9 ,0 3 1 147,702 283,3 8 1 3 ,5 7 2 ,3 8 2 68 25 04 71 26 09 17 44 41 83 03 09 15 27 05 95 36 36 44 88 63 62 41 00 63 $ 1 9 6 ,8 6 0 ,1 5 9 75 Liabilities. Capital Stock paid i n ........................................................... Surplus F u n d .......................................................................... Undivided Profits, n e t......................................................... Deferred Profits...................................................................... Reserve for Taxes, e tc ......................................................... Due to Banks and Bankers............................................... Dividends U npaid................................................................. Corporate Agency Deposits.............................................. Trust Deposits........................................................................ Escrow Deposits.................................................................... Debentures............................................................................... First Mortgage Bonds Payable....................................... Real Estate Bonds sold under Guarantee................... Bills P ayable............................................................................. Securities for Safekeeping.................................................. Securities Sold Subject to Repurchase Agreem ent.. Accrued Interest.................................................................... Certificates of D eposit........................................................ Other Liabilities................................................ B A N K IN G D E P A R T M E N T Commercial Deposits Subject to Check...................... Demand Certificates of D eposit....................................... Certified Checks....................................................................... Cashiers Checks....................................................................... Due to Banks and Bankers................................................. Savings Deposits— Book Accounts................................... Certificates of Deposit Subject to Savings By-Laws Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $ 1 5 ,1 5 0 ,0 0 0 1 3 ,0 9 3 ,0 0 0 4 ,1 8 1 ,4 3 9 1 ,8 7 5 5 ,3 7 6 ,0 8 0 6 7 9 ,4 6 9 2 4 ,2 5 5 1 ,4 4 9 ,0 7 4 3 7 ,8 5 0 ,1 5 5 4 ,5 5 9 2 6 ,8 6 5 ,7 5 8 3 ,9 3 4 ,3 5 0 7 ,3 3 2 ,5 6 2 3 ,0 0 8 ,6 5 5 2 8 3 ,3 8 1 3 0 ,1 9 8 9 1 4 ,2 9 4 6 9 ,0 0 2 ,1 2 5 8 8 6 ,4 9 1 00 00 59 00 37 82 20 11 39 15 43 00 45 61 00 20 09 05 76 2 ,2 5 6 ,0 5 8 8 9 5 ,9 3 4 5 ,0 1 1 4 0 ,0 8 5 2 8 3 ,7 9 1 8 8 1 ,2 7 7 2 ,4 3 0 ,2 7 5 23 75 74 32 75 58 16 $ 1 9 6 ,8 6 0 ,1 5 9 75 R E PO R T OF THE COMMISSIONER xxvii STATE BANKS OF TH E N IN TH FED ER AL RESERVE D IST R IC T OF M ICH IG AN Abstract of the 32 Banks in the Ninth Federal Reserve District of Michigan on September 29, 1931 Resources. Loans and Discounts: Commercial................................................................................................................................. Savings.......................................................................................................................................... Real Estate Mortgages: Commercial................................................................................................................................. Savings.......................................................................................................................................... Bonds and Securities: Commercial................................................................................................................................. Savings.......................................................................................................................................... Due from Federal Reserve Bank: Commercial................................................................................................................................. Savings......................................................................................................................................... Due from Banks in Reserve Cities: Commercial................................................................................................................................. u t B s and Cert! o f'in d . as legai Reserve. Savings Department on ly.. . Exchanges for Clearing House: Commercial......................................................................................................... ....................... Savings.......................................................................................................................................... Total Cash on Hand: Commercial................................................................................................................................. Savings.......................................................................................................................................... Overdrafts........................................................................................................................................ Premium Account......................................................................................................................... Banking H ouse.............................................................................................................................. Furniture and Fixtures............................................................................................................... Other Real E state......................................................................................................................... Due from Other Banks and Bankers.................................................................................... Customers’ Bonds left for Safekeeping................................................................................ Outside Checks and Other Cash Ite m s............................................................................... Stock of Federal Reserve B ank............................................................................................... Accrued Interest Receivable (n et)......................................................................................... Other Assets............................................................ ....................................................................... Trust Department Resources, viz: Cash ............................................................................................................ Due from Banks in Reserve Cities........................................................................................ Securities........................................................................................................................ .................. $ 6 ,9 2 7 ,4 3 8 75 3 ,3 1 1 ,8 3 0 14 2 0 7 ,1 2 7 72 3 ,2 1 4 ,6 9 3 51 4 ,6 3 4 ,9 6 2 06 6 ,7 3 8 ,2 6 4 65 2 4 0 ,3 7 2 46 2 8 3 ,4 0 3 06 4 ,0 5 1 ,0 6 7 30 4 7 7 ,6 7 7 35 6 5 4 ,2 0 7 19 4 8 ,1 3 2 40 2 2 ,9 6 5 13 5 5 2 ,4 6 5 3 5 1 ,4 0 6 8 ,9 6 4 2 ,7 4 7 6 5 4 ,3 5 6 1 64,189 2 1 6 ,1 6 0 1 21,901 3 3 5 ,0 5 6 2 1 ,2 7 1 3 2 ,1 0 0 118 168 46 81 68 71 66 60 28 43 25 72 00 31 35 78 89 1 ,8 1 5 98 3 2 ,2 1 4 38 $ 3 3 ,3 0 7 ,1 5 8 23 Total Liabilities. Capital Stock paid i n .......................................... Surplus F u n d.......................................................... Undivided Profits, n e t........................................ Dividends U npaid................................................. Reserved for Taxes, Interest, etc.................... Commercial Deposits Subject to C h e c k .. . . Demand Certificates of D eposit..................... Certified Checks.................................................... Cashiers’ Checks................................................... Due to Other Banks and Bankers................. State M oneys on Deposit...... ........................... U . S. Government Deposits.............................. Time Commercial Certificates of Deposit. . Savings Deposits (book accounts)................. Savings Certificates of Deposit....................... Club Savings Deposits (Xm as Thrift, etc.). Notes and Bills Rediscounted......................... Bills Payable.......................................................... Customers’ Bonds Left for Safekeeping. . . Other Liabilities............................. • ■•••........... TRUST D E P A R T M E N T Trust Deposits— T otals...................................... Totals https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $ 1 ,7 8 5 ,0 0 0 1 ,4 7 2 ,4 0 0 6 9 6 .0 5 5 5 ,2 9 9 2 3 9 ,3 2 3 1 2 ,7 4 4 ,2 6 0 152,1 1 5 13 ,2 6 3 9 7 ,9 3 3 105,8 9 2 9 0 ,3 3 8 8 8 ,7 2 1 6 1 3 ,6 0 5 1 3 ,8 5 6 ,1 2 6 4 4 5 ,8 2 3 1 0 6 ,8 5 9 2 8 ,7 6 4 4 0 0 ,0 0 0 3 3 5 .0 5 6 66 00 00 10 50 86 77 64 12 36 65 73 95 64 75 24 32 26 00 25 55 3 0 ,2 5 1 54 $ 3 3 ,3 0 7 ,1 5 8 23 xxviii STATE BANKING D EPAR TM E N T TRU ST COM PANIES OF TH E N IN TH FED ER AL RESERVE D IST R IC T OF M ICH IG AN Statement of the one Trust Company in the Ninth Federal Reserve District of Michigan on September 29, 1931 Resources. Collateral loans: T im e .................................................................. Collateral Loans: D em and............................... ! ! ! ! ! ! ' . ! ! ! ! ! Loans on Real Estate Mortgages, in Office................... ' . „ ,, T W ith State Treasurer Bonds: In Office.............................. . . . . . . . . . . . . . ’. ’.'. Bonds: W ith State Treasurer............................. .. Real Estate Mortgages to Secure Debentures............... Advances to Trusts.......................................... Other Real E state....................... Due from Other Banks and Bankers! ! ' . ................................ Other Assets............................................ Total $500 4 0 ,5 4 4 7 2 ,3 1 6 4 6 ,7 0 3 1 2 ,1 1 3 8 1 ,6 2 6 3 2 ,0 0 0 4 0 ,4 5 8 353 5 ,1 5 2 5 4 ,9 8 5 8 ,2 8 3 00 22 75 74 90 73 00 73 17 85 08 82 $ 3 9 5 ,0 3 8 99 Liabilities. Capital Stock paid i n . Surplus F u n d ................ Undivided Profits, net Reserve for Taxes, etc. Dividends Unpaid. . . . Trust Deposits.............. Debentures..................... Certificates of Deposit Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1 5 0 ,0 0 0 6 0 ,0 0 0 2 7 ,5 6 2 863 180 9 9 ,3 6 9 3 6 ,3 0 0 2 0 ,7 6 3 00 00 70 20 00 66 00 43 $ 3 9 5 ,0 3 8 99 RE PO R T OF THE COMMISSIONER XXIX M ICH IG AN STATE BANKS. 1931. Abstracts o f reports made by the State Banks o f Michigan to the Commissioner o f the Banking Department, the reports being called fo r on the past days unknown to bank officers, viz., December 31, 1930, March 25, June 30, and September 29, 1931. For reports of individual State Banks see succeeding pages. Resources. Loans and Discounts: Commercial................................................ Savings....................................................... Real Estate Mortgages: Commercial................................................ Savings....................................................... Bonds and Securities: Commercial................................................ Savings....................................................... Due from Federal Reserve Bank: Commercial................................................ Savings....................................................... Due from Banks in Reserve Cities: Commercial................................................ Savings....................................................... U. S. Bonds and Cert, of Ind. as legal Re serve. Savings Department only....... Exchanges for Clearing House: Commercial................................................ Savings....................................................... Total Cash on Hand: Commercial................................................ Savings....................................................... Overdrafts...................................................... Premium Account......................................... Banking House.............................................. Furniture and Fixtures................................ Other Real Estate......................................... Due from Other Banks and Bankers.......... Customers’ Bonds left for Safekeeping. . . . Outside Checks and Other Cash Item s... . Stock of Federal Reserve Bank.................. Accrued Interest Receivable (net).............. Customers’ Acceptances and Letters of Credit......................................................... Other Assets.................................................. Trust Dept. Resources, viz: Cash................................................................ Due from Banks in Reserve Cities............. Securities........................................................ Report of December 31, 1930, 569 state banks, 8 industrial banks. Report of March 25, 1931, 548 state banks, 8 industrial banks. Report of June 30, 1931, 528 state banks, 8 industrial banks. $338,128,081 06 168,096,664 15 $293,123,588 94 189,266,483 87 $251,890,292 12 169,710,093 60 $237,927,858 56 154,810,086 26 11,527,341 08 374,683,431 31 10,186,751 80 368,546,054 65 8,817,191 62 334,604,733 94 8,043,233 49 318,678,153 35 152,944,469 71 158,256,570 92 154,313,624 05 157,633,611 06 155,310,156 77 150,409,041 09 154,222,971 17 127,670,523 34 31,643,846 22 17,461,836 79 31,651,971 14 17,345,284 20 35,364,616 94 17,046,264 61 26,312,392 54 16,053,611 99 31,323,379 55 23,846,574 59 53,599,506 07 24,956,791 45 36,728,809 99 20,761,908 80 44,830,438 36 17,696,980 79 14,171,523 90 13,113,785 87 12,748,898 83 11.695,531 11 23,919,815 00 2,270,861 88 9,286,459 17 1,704,344 57 15,084,567 94 1,560,368 17 7,670,871 83 897,658 32 12,110,394 8,354,924 225,961 816,381 41,173,725 8,346,518 9,353,854 7,628,659 24,426,128 5,758,748 3,153,550 2,286,820 88 77 50 83 52 58 76 58 24 72 00 81 12,171,194 7,402,326 540,011 778,767 41,366,961 8,089,013 9,957,227 5,244,794 20,899,858 2,662,283 3,168,250 2,878,059 98 79 65 67 69 14 82 25 15 31 00 25 11,961,006 8,064,010 165,063 557,835 37,336,446 7,159,819 10,783,704 9,517,937 20,71?,033 4,502,617 2,958,400 4,120,253 40 16 00 30 34 38 99 57 68 97 00 69 Report of September 29, 1931, 491 state banks, 8 industrial banks. 12,628,169 7,998,209 196,232 164,882 35,900,130 7,023,808 11,025,632 8,240,565 18,040,886 4,812,252 2,984,400 4,881,916 05 75 72 54 04 16 12 22 08 28 00 67 13,317,353 18 1,923,255 45 12,232,991 47 1,620,492 43 9,990,000 51 33,924,849 49 5,876,665 20 31,156,695 29 290,804 71 462,434 60 614,310 11 115,055 03 261,239 39 998,699 75 242,423 61 212,370 63 1,267,876 95 111,269 74 218,074 38 1,279,295 23 Totals................................................. $1,488,518,223 40 $1,455,115,483 61 $1,373,514,594 09 $1,279,049,395 58 Liabilities. Capital Stock paid i n ................................... Surplus Fund................................................. "Undivided Profits, net.............., ................. Dividends Unpaid......................................... Reserved for Taxes, Interest, etc................ Commercial Deposits Subject to Check. .. Demand Certificates of Deposit.................. Certified Checks............................................ Cashiers’ Checks........................................... Due to Other Banks and Bankers.............. State Moneys on Deposit............................ U. S. Government Deposits........................ Time Commercial Certificates of Deposit.. Industrial Investment Certificates.............. Savings Deposits (book accounts).............. Savings Certificates of Deposit................... Club Savings Deposits (Xmas Thrift, etc.). Notes and Bills Rediscounted..................... Bills Payable................................................. Bonds sold Subject to Repurchase............. Customers’ Bonds left for Safekeeping. . . . Customers’ Acceptances and Letters of Credit...................................................... Accrued Interest, and Expense Payable (net)........................................................ Other Liabilities............................................ Trust Department Trust Deposits— Totals................................ $71,662,300 74,626,680 21,217,113 1,229,068 5,593,761 371,718,049 51,679,163 1,390,123 17,567,651 32,409,855 4,330,509 6,995,305 14,305,460 633,758 657,933,103 84,280,107 2,485,373 2,620,915 14,295,389 11,260,241 24,426,128 00 43 43 93 92 66 85 70 61 43 39 80 14 85 00 12 78 28 01 55 24 $70,467,500 72,904,623 22,498,224 79,183 6,258,974 351,646,946 27,008,783 1,181,412 7,704,152 38,918,086 13,397,519 7,101,061 13,724,910 742,660 640,954,177 107,348,521 5,329,717 1,721,458 26,315,950 1,858,325 20,899,858 00 93 92 47 41 87 73 66 24 71 68 49 43 70 20 67 07 17 75 00 15 $65,161,020 69,817,232 15,454,857 751,200 11,221,315 342,955,093 25,719,413 979,828 9,250,177 32,107,030 14,660,217 12,117,893 12,735,388 5,159,695 600,655,959 102,005,945 7,662,661 1,791,362 6,584,495 922,950 20,713,033 00 16 27 10 75 46 11 70 75 14 30 18 39 59 47 62 86 62 46 00 68 $63,450,000 68,972,541 16,085,654 132,343 12,033,779 332,568,447 22,010,687 988,637 7,046,425 34,620,370 4,565,221 17,258,898 14,123,907 928,910 536,980,570 92,925,836 8,465,292 2,790,459 11,127,461 410,711 18,040,886 00 87 07 80 39 04 68 03 63 33 31 12 11 39 10 89 94 08 48 29 08 13,237,178 98 12,250,975 76 10,035,166 90 5,985,391 79 131,673 90 1,219,238 49 902,360 66 2,566,190 09 2,106,716 21 1,257,876 79 4,989,536 40 1,073,856 10 1,270,070 91 1,333,907 85 1,688,062 58 1,473,569 66 Totals.................................................. $1,488,518,223 40 $1,455,115,483 61 $1,373,514,594 09 $1,279,049,395 58 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE BANKING D EPARTM EN T XXX M ICH IG AN TRU ST COMPANIES. 1931. Abstracts o f reports made by the Trust Companies o f Michigan to the Commissioner of the Banking Department, the reports being called fo r on the past days unknown to Trust Com pany officers, viz., December 31, 1930, March 25, June 30, and September 29, 1931. For reports o f individual Trust Companies see succeeding pages. Resources. Collateral Loans. Tim e.................................. Collateral Loans. Demand............................ Other Loans....................................................... Loans on Real Estate Mortgages: In Office.......................... . ........................ With State Treasurer................................... Bonds: In Office......................................................... With State Treasurer................................... Stocks................................................................... Real Estate Owned........................................... Other Investments............................................. Real Estate Mortgages to Secure Debentures Advances to Trusts............................................. Premiums Paid.................................................. Safe Deposit Vaults.......................................... Furniture and Fixtures...................................... Banking House................................................... Due from Approved Reserve Depositaries Due from Other Banks and Bankers.............. Outside Cheeks and Cash Items....................... Cash..................................................................... Items in Transit................................................. Overdrafts............................................................ Accrued Interest and Prepaid Expense........... Expenses Exceeding Earnings........................... Securities for Safekeeping. . . . x ...................... Other Assets........................................................ Totals Report of December 31, 1930, 20 Trust Companies. Report of March 25, 1931, 20 Trust Companies. Report of June 30, 1931, 17 Trust Companies. $37,370,340 05 1,630,402 57 386,361 93 $35,624,931 88 4,492,531 55 480,560 48 $31,290,651 04 2,109,134 63 362,387 09 $28,216,224 68 2,152,360 47 2,597,754 94 62,423,704 48 2,256,409 34 60,470,827 85 3,797,598 65 60,631,221 19 1,939,051 25 46,693,676 46 1,767,203 00 29,083,596 1,021,446 5,827,424 4,518,581 2,947,716 28,933,720 9,156,636 1,294 35,323 937,092 4,069,402 14,535,152 3,114,300 169,165 230,393 2,034,566 9,916 2,763,750 131,788 1,792,366 5,027,988 32,177,161 1,066,328 5,724,028 5,142,453 3,081,410 28,359,786 8,432,609 1,177 35,323 938,295 4,044,897 14,181,662 3,527,236 103,965 315,477 1,760,057 15,245 3,188,706 122,602 1,474,685 4,528,878 28,473,875 893,150 6,090,717 6,487,180 3,348,465 27,594,318 9,063,808 162 35,323 939,147 3,998,707 15,293,910 3,297,082 108,811 252,606 648,051 12,294 2,931,246 139,659 1,210,881 4,179,287 27,961,335 692,791 6,395,580 7,116,597 2,900,926 27,187,860 8,623,075 82 17 44 26 83 76 26 35,323 869,466 3,980,475 17,413,797 2,713,607 40,593 288,295 2,374,396 13,074 3,209,031 147,702 283,381 3,580,666 15 27 05 95 44 36 44 88 63 62 41 00 45 79 48 18 90 56 66 46 41 15 45 19 14 64 51 37 97 04 73 38 11 12 50 57 42 36 60 78 12 41 15 70 31 10 75 90 63 57 32 54 76 55 08 $220,408,841 61 $223,088,440 53 41 93 83 02 93 43 12 20 15 39 80 21 42 19 49 82 26 85 26 00 94 $211,331,133 85 Report of September 29, 1931, 16 Trust Companies. $197,255,198 74 Liabilities. Capital Stock paid i n ................................................... Surplus Fund................................................................. Undivided Profits, net.................................................. Deferred Profits............................................................ Reserve for Taxes, etc.................................................. Due to Banks and Bankers......................................... Dividends Unpaid......................................................... Corporate Agency Deposits......................................... Trust Deposits.............................................................. Escrow Deposits............................................................ Debentures..................................................................... First Mortgage Bonds, Payable................................. Real Estate Bonds sold under Guarantee................. Bills Payable................................................................. Securities for Safekeeping............................................ Securities sold Subject to Repurchase Agreement... Accrued Interest........................................................... Certificates of Deposit................................................. Other Liabilities.......................................... BANK D EPARTM ENT Commercial Deposits Subject to Check. .................. Demand Certificates of Deposit................................. Certified Checks.............................. ............................. Cashiers’ Checks........................................................... Due to Banks and Bankers......................................... Savings Deposits— Book Accounts............................. Certificates of Deposit Subject to Savings By-Laws Totals https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $17,050,000 17,211,000 6,797,186 50,006 911,744 20,000 43,061 2,449,475 36,852,741 62,832 27,859,658 5,564,050 18,983,850 4,031,578 1,893,630 204,000 964,846 67,804,206 1,714,129 00 00 09 11 07 00 00 31 85 65 54 00 00 60 00 00 51 30 52 $17,050,000 17,211,000 6,688,244 44,745 1,354,181 672,957 222 1,775,901 40,511,580 45,084 27,571,286 5,410,400 18,393,376 3,715,922 1,474,685 279,100 1,002,723 68,997,549 938,050 00 00 24 61 07 00 00 60 63 41 66 00 61 73 55 00 72 75 46 $16,050,000 16,028,000 4,421,967 43,006 4,162,760 24,496 34,619 1,683,696 40,239,737 2,884 27,217,850 4,450,350 17,496,567 3,086,027 1,210,881 191,500 907,010 64,342,373 1,070,335 00 00 65 29 96 69 00 24 45 47 61 00 61 83 00 00 18 60 03 $15,300,000 13,153,000 4,209,002 1,875 5,376,943 679,469 24,435 1,449,074 37,949,525 4,559 26,902,058 3,934,350 7,332,562 3,008,655 283,381 30,198 914,294 69,022,888 886,491 00 00 29 00 57 82 20 11 05 15 43 00 45 61 00 20 09 48 76 2,398,775 2,758,244 7,023 50,121 945,330 1,680,565 2,100,783 81 37 57 63 81 71 16 3,112,115 2,940,939 32,172 68,369 673,563 1,551,399 1,572,868 62 25 17 23 61 72 89 3,090,487 1,087,391 16,410 60,169 370,516 1,112,286 2,929,807 42 99 01 02 68 99 13 2,256,058 895,934 5,011 40,085 283,791 881,277 2,430,275 23 75 74 32 75 58 16 $220,408,841 61 $223,088,440 53 $211,331,133 85 $197,255,198 74 xxxi RE PO R T OF THE COMMISSIONER D E TR O IT STATE BANKS. 1931. Abstracts of reports made by the State Banks in the city of Detroit, to the Commissioner of the Banking Department December 31, 1930, March 25, June 30, and September 29, 1931. Resources Report of Report of Report of Report of September 29, June 30, March 25, December 31, 1931, 1931, 1931, 1930, 6 state banks, 6 state banks, 10 state banks, 10 state banks, 4 industrial banks. 4 industrial banks. 4 industrial banks. 4 industrial banks. Loans and Discounts: Commercial............................................................... $170,336,132 39 $134,383,236 45 $112,780,636 71 92,459,506 51 103,819,531 44 80,244,968 89 Savings....................................................................... Real Estate Mortgages: 309,004 96 1,316,894 75 2,443,539 53 Commercial................................ . . . . ....................... Savings....................................................................... 208,770,330 35 207.189.781 05 186,869,238 99 Bonds and Securities: 108,500,969 22 Commercial................................................................ 105,259,669 96 105.510.781 43 31,755,976 27 35,648,540 56 32,959,973 36 Savings....................................................................... Due from Federal Reserve Bank: 27,819,595 57 23,720,759 90 24,920,282 51 Commercial................................................................ 10,085,442 77 9,678,769 86 10,173,819 97 Savings.................................. ..................................... Due from Banks in Reserve Cities: 17,075,517 00 29,101,033 76 9,935,702 44 Commercial................................................................ 3,261,182 16 4,555,985 34 3,750,183 32 Savings....................................................................... U. S. Bonds and Cert, of Ind. as legal Reserve: 3,321,713 11 3,419,010 64 3,407,886 12 Savings Department only........................................ Exchanges for Clearing House: 12,290,322 09 7,630,663 02 20,740,513 15 Commercial................................................................ 629,948 20 405,435 56 954,873 54 Savings....................................................................... Total Cash on Hand: 4,153,016 16 4,712,460 69 4,254,295 51 Commercial................................................................ 1,356,710 00 1,658,107 27 1,542,746 45 Savings....................................................................... 27,806 71 377,163 33 80,552 20 Overdrafts...................................................................... 491,785 38 727,646 89 752,206 17 Premium Account......................................................... 16,312,680 42 19,227,159 88 19,222,340 05 Banking House............................................................. 1,993,153 75 2,646,367 97 2,627,880 82 Furniture and Fixtures................................................ 4,119,709 91 3,056,220 84 2,437,541 31 Other Real Estate......................................................... 6,767,342 04 3,992,102 87 6,107,993 49 Due from Other Banks and Bankers......................... 2,659,312 92 3,348,007 42 5,409,812 00 Customers’ Bonds left for Safekeeping...................... 3,613,206 51 2,000,369 89 4,792,067 42 Outside checks and Other Cash Items...................... 1,857,000 00 2,007,000 00 2,004,000 00 Stock of Federal Reserve Bank.................................. 3,255,801 21 1,927,475 95 1,404,585 35 Accrued Interest, Receivable (net)............................ 9,666,610 82 12,006,654 37 13,077,960 53 Customers’ Acceptances and Letters of Credit........ 33,491,973 75 1,229,972 48 1,362,441 08 Other Assets.......................................... ...................... Trust Department Resources, viz: 1,004 08 1,040 28 21,797 52 33,981 62 Totals................................................................. $738,974,297 91 $724,643,461 01 $697,636,659 24 Liabilities. Capital Stock paid in................................................... Surplus Fund................................................................. Undivided Profits, net.................................................. Dividends Unpaid......................................................... Reserved for Taxes, Interest, etc................................ Commercial Deposits Subject to Check.................... Demand Certificates of Deposit................................. Certified Checks............................................................ Cashiers’ Checks........................................................... Due to Other Banks and Bankers.............................. State Moneys on Deposit............................................ U. S. Government Deposits........................................ Time Commercial Certificates of Deposit................. Savings Deposits$(Book Accounts)............................. Savings Certificates of Deposit................................... Club Savings Deposits (Xmas Thrift, e tc.).............. Bills Payable.................................................................. Bonds sold Subject to Repurchase............................. Customers’ Bonds left for Safekeeping...................... Customers’ Acceptances and Letters of Credit........ Accrued Interest, and Expense Payable (net).......... Other Liabilities............................................................ Trust Department $27,850,000 44,360,785 13,058,234 178,988 942,213 212,760,288 20,939,924 1,000,579 14,104,805 25,474,567 2,777,549 5,776,019 5,823,306 00 76 47 66 33 44 17 35 33 51 89 15 31 315,213,650 13,636,775 1,247,182 717,781 2,814,563 11,090,000 5,409,812 12,986,074 86,607 724,588 38 48 50 49 51 00 00 01 36 81 $27,850,000 43,360,785 13,444,575 31,833 1,073,451 191,019,542 260,773 844,291 5,742,285 31,845,136 8,310,606 6,063,181 5,823,123 275 312,705,014 36,762,353 2,917,826 720,199 17,563,278 1,585,000 2,659,312 12,018,175 647,047 1,360,368 00 76 21 98 11 22 54 19 47 74 83 12 16 00 72 92 14 77 93 00 92 33 69 36 $24,750,000 41,600,588 8,039,347 75,916 6,253,022 200,735,299 2 2 i,373 647,509 7,206,431 26,424,978 9,171,512 10,211,740 5,891,864 00 17 16 10 68 94 93 95 77 17 64 76 53 297,731,129 48 38,440,575 93 4,201,554 75 76 160,000 3,348,007 9,811,193 1,970,345 721,388 25 00 42 59 69 73 $114,773,523 76 87,519,153 36 504,366 65 184,067,035 00 105,571,462 51 26,738,384 86 20,155,206 19 9,818,715 35 22,488,634 85 2,935,152 68 2,674,056 86 6,062,155 67 319,895 96 4,568,128 1,225,341 38,402 99,654 16,348,971 1,966,356 4,382,443 5,418,030 2,068,063 4,130,058 1,863,000 3,989,032 5,704,946 30,186,224 11 50 84 34 18 73 01 58 67 79 00 48 41 67 13,176 10 14,476 62 $665,644,050 73 $24,750,000 41,795,956 8,238,834 85,772 6,533,145 194,906,494 93,743 731,472 5,296,979 29,085,153 2,450,605 14,921,102 8,014,964 579,574 273,785,598 36,207,300 4,460,748 00 43 38 66 94 59 36 18 20 68 23 90 53 00 06 83 66 289,875 160,000 2,068,063 5,804,632 4,726,344 630,035 00 00 67 57 77 37 22,801 60 27,652 72 Totals................................................................. $738,974,297 91 $724,643,461 01 $697,636,659 24 $665,644,050 73 35,021 90 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE BANKING D EPARTM EN T XXX11 D E T R O IT TRU ST COMPANIES. 1931. Abstracts o f reports made by the Trust Companies in the city of Detroit, to the Commissioner o f the Banking Department, December 31, 1930, March 25, June 30, and September 29, 1931. Resources. Collateral Loans: Tim e............................................................... Demand.......................................................... Loans on Real Estate Mortgages: In Office......................................................... With State Treasurer.................................... Other Loans....................................................... Bonds: In Office......................................................... With State Treasurer................................... Stocks................................................................... Real Estate Owned........................................... Other Investments............................................. Real Estate Mortgages to Secure Debentures Advances to Trusts............................................ Premiums Paid................................................... Furniture and Fixtures...................................... Banking House.................................................. Due from Approved Reserve Depositaries Due from Other Banks and Bankers............... Outside Checks and Cash Items..................... Cash..................................................................... Items in Transit................................................. Overdrafts............................................................ Accrued Interest and Prepaid Expense........... Expenses Exceeding Earnings........................... Securities for Safekeeping.................... ............. Other Assets......................................................... Totals Liabilities. Capital Stock paid in................................................... Surplus Fund................................................................. Undivided profits, net.................................................. Deferred Profits............................................................ Reserve for Taxes, etc.................................................. Due to banks and bankers.......................................... Dividends Unpaid....... ................... ............................. Corporate Agency Deposits......................................... Trust Deposits.............................................................. Escrow Deposits........................................................... Debentures..................................................................... First Mortgage Bonds Payable..... ............................. Real Estate Bonds sold under Guarantee.................. Bills Payable..........................! ..................................... Securities for Safekeeping............................................ Securities sold Subject to Repurchase Agreement... Accrued Interest........................................................... Certificates of Deposit................................................. Other Liabilities...................... BANKING DEPARTMENT Commercial Deposits Subject to Check.................... Demand Certificates of Deposit................................. Certified Checks........................................................... Cashiers’ Checks........................................................... Due to Banks and Bankers......................................... Savings Deposits—Book Accounts............................. Certificates of Deposit subject to Savings By-Laws. Totals. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Report of December 31, 1930, 9 Trust Companies Report of March 25 1931, 9 Trust Companies Report of June 30, 1931, 7 Trust Companies $35,551,087 71 1,353,277 37 $34,059,274 65 4,224,826 69 $29,931,040 59 1,812,567 07 $26,800,861 81 1,815,782 65 59,909,947 66 1,508,340 05 290,816 56 59,691,256 70 1,471,297 41 311,970 91 58,046,597 47 1,223,310 01 175,863 04 43,952,211 06 1,040,966 76 2,432,846 74 26,363,992 300,239 5,581,454 4,368,137 2,818,909 28,698,160 7,714,939 979 584,829 2,996,612 12,965,922 2,991,375 143,406 207,485 2,016,692 2,494 2,756,434 131,788 1,264,545 924,878 29,604,443 334,489 5,384,194 4,881,435 2,813,721 28,230,203 7,201,476 726 587,145 2,972,457 13,079,100 3,045,742 66,098 292,399 1,746,945 38 3,184,852 122,602 1,162,637 938,635 26,272,601 225,000 5,557,284 6,241,761 3,156,084 27,465,892 7,987,345 23 00 58 39 06 20 66 25,788,001 30 586,881 2,963,967 13,750,876 2,662,302 103,954 187,074 632,001 92 2,926,581 139,659 910,700 974,428 40 82 09 17 56 78 96 44 83 26 00 65 49 00 78 33 09 93 99 22 23 21 22 21 98 27 28 76 08 38 38 44 03 00 78 38 45 05 49 39 80 33 15 70 15 20 18 74 31 76 82 93 Report of September 29, 1931, 6 Trust Companies $201,446,746 62 $205,407,972 00 $193,933,868 26 00 00 69 61 10 00 00 19 76 50 12 00 61 73 82 00 21 45 72 $12,250,000 14,075,000 4,017,155 41,696 3,971,188 24,496 00 12 82 94 00 00 00 26 38 00 92 90 69 $13,050,000 15,063,000 6,268,044 43,225 1,173,108 672 957 116 891,198 38,306,038 38,830 27,481,123 441,900 18,393,376 3,584,922 1,162,637 279,100 916,564 66,989,671 700,728 81 37 57 63 81 71 16 3,112,115 2,940,939 32,172 68,369 673,563 1,551,399 1,572,868 62 25 17 23 61 72 89 $13,050,000 15,063,000 6,391,604 47,911 724,488 00 00 79 11 63 116 1,195,719 34,463,846 59,507 27,752,895 480,900 18,983,850 3,930,861 1,264,545 204,000 863,042 65,650,975 1,378,636 2,398,775 2,758,244 7,023 50,121 945,330 1,680,565 2,100,783 5,658,704 6,791,790 2,623,397 27,058,289 7,516,588 41 43 32 03 76 516,868 2,946,260 16,586,337 2,297,707 28,344 243,975 2,368,084 1,917 3,065,158 147,702 28 07 79 60 36 65 05 80 24 41 1,028,987 94 $180,710,784 46 00 00 76 29 57 69 $11,500,000 00 11,200,000 00 3,743,752 91 451,796 66 37,631,336 28 527,476 71 35,247,809 11 27,120,408 33,600 17,496,567 2,921,027 910,700 191,500 822,072 62,390,633 917,618 19 00 61 83 00 00 70 71 73 26,793,216 01 30,198 799,795 67,182,398 768,468 20 80 95 21 3,090,487 1,087,391 16,410 60,169 370,516 1,112,286 2,929,807 42 99 01 02 68 99 13 2,256,058 895,934 5,011 40,085 283,791 881,277 2,430,275 23 75 74 32 75 58 16 $201,446,746 62 $205,407,972 00 $193,933,868 26 5,260,546 15 679,469 82 7,332,562 45 2,852,655 61 $180,710,784 46 RE PO R T OF THE COMMISSIONER xxxiii M ICH IG AN NATION AL BANKS. 1931. Figures given by the Comptroller of the Currency in even thousands. Abstracts o f reports made by the National Banks of Michigan, December 31, 1930, March 25, June 30, and September 29, 1931. For reports of individual National Banks see succeeding pages. Resources. Loans and Discounts................................................................... Overdrafts..................................................................................... United States Government Securities Owned.......................... Other Bonds, Stocks and Securities Owned.............................. Customers’ Liability on account of Acceptances executed... . Banking House—Furniture and Fixtures.................................. Real Estate Owned other than Banking House....................... Reserve with Federal Reserve Bank.......................................... Cash and Due from Banks.......................................................... Outside Checks and other Cash Items...................................... Redemption Fund with U. S. Treasurer and Due from U. S. Treasurer................................................................................... Acceptances of other Banks and Bills of Exchange or Drafts sold with Indorsement of this Bank...................................... Securities Borrowed...................................................................... Other Assets.................................................................................. Report of December 31, 1930, 125 national banks. 8351,106 78 40,656 102,550 18,656 26,743 2,494 26,977 67,721 4,870 Report of March 25, 1931, 126 national banks. $345,540 75 63,991 103,499 5,412 26,711 3,464 28,317 67,693 2,493 Report of June 30, 1931, 119 national banks. Report of September 29, 1931, 113 national banks. $318,555 115 71,123 95,315 4,879 27,705 4,335 25,618 74,669 2,895 ' $298,857 296 67,642 86,136 3,040 28,011 5,684 24,566 59,847 2,651 931 937 912 879 2 45 2,297 8,692 44 2,850 5,825 31 6,019 6 20 4,509 8645,126 $659,718 $637,996 $582,144 $32,665 31,043 10,705 1,994 $32,785 31,164 11,020 2,004 $32,150 30,787 8,498 3,420 $30,870 26,998 8,288 4,494 1,530 18,575 2,941 18,646 1,761 18,126 2,272 17,497 49,589 205,140 267,912 1,787 42,969 212,585 281,859 5,883 35,041 213,393 275,624 3,364 37,096 190,147 252,256 3,595 4,056 462 2,363 163 3,997 4,595 2 8,692 5,825 6 18,909 5,845 4,942 3,235 Securities Borrowed..................................................................... Other Liabilities............................................................................ 20 45 1,154 20 44 436 20 \ 31 854 20 775 Totals................................................................................. $645,126 $659,718 $637,996 $582,144 Totals................................................................................. Liabilities Capital Stock paid in................................................................... Surplus........................................................................................... Undivided Profits— net................................................................ Reserves for Dividends, Contingencies, etc.............................. Reserves for Interest, Taxes, and other Expenses Accrued and Unpaid....................................................................................... Circulating Notes Outstanding................................................... Due to Banks, including Certified and Cashiers’ Checks outstanding................................................................................ Demand Deposits......................................................................... Time Deposits............................................................................... United States Deposits................................................................ Agreements to Repurchase U. S. Government or other SeBills Payable and Rediscounts.................................................... Acceptances of other Banks and Bills of Exchange or Drafts sold with Indorsement of this Bank...................................... Acceptances executed by this Bank for Customers and to furnish Dollar Exchange.......................................................... Acceptances executed by other Banks for Account of this https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE BANKING DEPARTM EN T xxxiv D E T R O IT N A TION AL BANKS. ’ 1931. . Figures given by the Comptroller of the Currency in even thousands. * Abstracts o f reports of National Banks in the City of Detroit, December 31, 1930, March 25, June 30, and September 29, 1931. Resources. Loans and Discounts.................................................................... Overdrafts...................................................................................... United States Government Securities Owned........................... Other Bonds, Stocks and Securities Owned.............................. Customers’ Liability on Account of Acceptances executed. . . Banking House— Furniture and Fixtures.................................. Real Estate owned other than Banking House........................ Reserve with Federal Reserve Bank......................................... Cash and Due from Banks.......................................................... Outside Checks and other Cash Items...................................... Redemption Fund with U. S. Treasurer and Due from U. S. Treasurer.................................................................................... Acceptances of other Banks and Bills of Exchange or Drafts Report of December 31, 1930, 2 national banks. $179,057 26 13,593 12,556 18,636 10,534 485 14,679 40,433 4,436 Report of March 25, 1931, 2 national banks. $177,871 16 33,812 14,587 5,392 10,444 1,354 16,308 36,028 2,284 Report of June 30, 1931, 2 national banks. Report of September 29, 1931, 2 national banks. $162,848 62 41,625 13,983 4,859 10,863 1,585 13,423 42,990 2,499 $155,921 240 36,745 12,412 3,040 9 j 458 2,986 13,318 31,410 2 439 172 172 172 172 Other Assets.................................................................................. 1,039 8 690 745 5 R23 4 ¡139 3,656 Totals.................................................................................. $295,646 $307,703 $304,871 $271,803 $12,500 15,500 4,288 210 $12,500 15,500 4,246 197 $12,500 15,500 2,432 1,052 $12,500 13,000 1,853 2,122 473 3,432 1,544 3,432 666 3,382 996 3,432 41,578 114,365 83,196 598 34,237 116,955 100,070 4,006 27,969 126,244 100,349 2,338 30,277 106,153 96,336 1'239 445 50 1,100 200 8,690 5,823 6 Liabilities. Capital Stock paid in................................................................... Surplus........................................................................................... Undivided Profits— net................................................................ Reserves for Dividends, Contingencies, etc.............................. Reserves for Interest, Taxes, and other Expenses Accrued and unpaid................................................................................. Circulating Notes Outstanding................................................... Due to Banks, including Certified and Cashiers’ Checks outstanding................................................................................ Demand Deposits......................................................................... Time Deposits............................................................................... United States Deposits................................................................ Agreements to Repurchase U. S. Government or Other Securities sold................................................................................ Bills Payable and Rediscounts................................................... Acceptances of other Banks and Bills of Exchange or Drafts 1 Acceptances executed by this Bank for Customers and to furnish Dollar Exchange.......................................................... Other liabilities............................................................................. 18,909 597 5,845 36 4,942 524 3,235 454 Totals................................................................................. $295,646 $307,703 $304,871 $271,803 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPORTS OF THE State Banks and Trust Companies AS M ADE TO THE COMMISSIONER OF THE STATE BAN K IN G D EPARTM ENT https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis SEPTEM BER 29, 1931 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 325. THE ADDISON STATE SAVINGS BANK, ADDISON. Organized October 11, 1905. F. D B. C l e v e l a n d , P r e s i d e n t j H . E. B r a n c h , V i c e P r e s i d e n t ; C . A . F o o t e , A s s i s t a n t C a s h ie r . F. B . Cleveland, Wade Millis, H . E. Branch, C. i r e c t o r s .— J. E. H ic k o r y , C a sh ier; A. Foote, E. M. Rawson. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Capital stock paid i n .. $20,000 00 Commercial .................................... $157,177 49 23,500 00 Surplus fund ................................... Real estate m ortg age s: Undivided profits, n e t. 2,062 60 Commercial .................................. 11,783 50 Commercial deposits subject to Savings ............................................ 127,638 53 check ................................................ 62,184 12 Bonds and securities: Demand certificates of deposit 127,643 40 Savings .......................................... 59,065 00 Cashier’s checks ........................... 87 06 Due from banks in reserve cities : Savings deposits (book acc’t ) .. 86,672 31 Commercial .................................. 14,234 80 Savings certificates of d e p osit.. 87,789 20 Savings .......................................... 6,347 33 Bills payable ................................. 5,000 00 IT. S. Bds. and Cert, of Ind. as Customers’ bonds left with legal reserve: bank for safe keeping............. 43,950 00 Savings dept, o n ly .................................... 10,500 00 T otal cash on h a n d : Commercial ................................. 4,125 95 Savings .......................................... 5,000 00 Overdrafts ........................................ 51 25 6,199 93 Banking house ............................... Furniture and fixtures................. 2.514 15 Other real estate............................. 5,345 39 Due from banks other than in reserve cities ............................... 4,906 62 Customers’ bonds left with bank for safe keeping............. 43,950 00 Outside checks and other cash 48 75 items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $458,888 69 T otal ............................................ $458,888 69 STATE BANKING D EPARTM ENT 4 . No. 162. THE AD R IA N STATE SAYINGS BAN K , AD RIAN. Organized M ay 24, 1893. One Branch. B. E. T o b i a s , P r e s i d e n t ; R. H. W a t t s , V i c e P r e s i d e n t ; C h a s . S. W h i t n e y , C a s h i e r ; F r a n k A. F a u i . h a b e r , R. P. W a t t s , A s s i s t a n t C a s h i e r s . D i r e c t o r s .— R. H. W atts, C. G. Wesley, W . O. Hunt, E. E. Tobias, C. S. W hitney, B. E. Tobias, C. E. Baldwin, S. W . Raymond, E. C. Michener. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial .................................... Savings ............................................ Bonds and securities: Commercial .................................... Savings .......................................... Due from Federal Reserve bank : Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ....................... Exchanges for clearing house: Commercial ...................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................ Furniture and fixtures................. Other real estate............................. Outside checks, and other cash items ................................................ Stock of Federal Reserve bank Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $249,245 89 174,580 19 23,731 20 253,847 85 340,932 03 629,765 22 30,522 96 42,000 00 69,321 44 97,829 11 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................... Reserve for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Certified checks ............................. Due to other banks and bankers Savings deposits (book acc’t ) . . Savings certificates of deposit. Club savings d e p o s its !................. Notes and bills rediscounted.. Bills p a y a b le ................................... $150,000 00 100,000 00 17,134 64 7,342 61 414,434 738 107,981 927,736 298,350 23,629 27,990 90,000 01 85 60 54 63 82 00 00 90,350 Q0 3,097 45 60,849 30,000 114 40,000 6,523 14,156 35 00 27 00 18 72 971,84 7,500 00 $2,165,338 70 Total $2,165,338 70 5 STATE BANKS OF MICHIGAN No. 89. THE COMMERCIAL SAYINGS BA N K , AD RIAN. Organized April 10, 1888. C h a r l e s G. H a r t , P r e s i d e n t ; W a l k e r , W . M. S h e p h e r d , i r e c t o r s .— Charles G. Hart, D L. P. G. H. W . Smith, J. D u n n , V i c e P r e s i d e n t ; J o s e p h P. L i b s , C a s h i e r ; L. A . C. B o n d , A s s i s t a n t C a s h i e r s ; J. T. M c K e n d r y , A u d i t o r . R. Jewett, W . H. Barrett, Joseph P. Libs, P. J. Dunn, W . M. Shepherd, E. P. Lake, R. L. Taylor. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortg ages: Commercial ................................. Savings ............................................ Bonds and securities: Commercial .................................... Savings ............................................ Due from Federal Reserve b a n k : Commtercial .................................. Savings .......................................... Due from banks in reserve cities : Savings .......................................... Exchanges for clearing house: Savings .......................................... T otal cash on h a n d : Savings .......................................... Overdrafts .......................................... Banking house ............................... Other real estate............................. Customers’ bonds left with bank for safe keeping............... Outside checks, and other cash items ................................................ Stock of Federal Reserve bank T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $318,653 69 347,331 39 18,060 28 264,055 46 158,692 00 349,301 12 32,400 00 36,185 94 $110,000 Capital stock paid i n ...... Surplus fund .................................... 42,000 Undivided profits, net ....... 5,183 Commercial deposits subject to check ................................................ 478,706 168 Certified checks ............................. Cashier’s checks ............................. 6,175 Savings deposits (book acc’t ) .. 952,350 Savings certificates of deposit. 180,762 Club savings dep osits...... 29,303 Customers’ bonds left with bank for safe keeping............. 38,250 00 00 94 13 93 47 91 91 99 00 79,629 96 1,961 73 118,043 24 55,000 17,129 61 40 00 94 38,250 00 3,682 76 4,500 00 $1,842,902 28 Total $1,842,902 28 6 STATE BANKING DEPARTMENT No. 66. LEN AW EE COUNTY SAYIN GS BA N K , AD RIA N . Organized February 1, 1872. J. C. M D P r e s i d e n t ; C. D. H a r d y , F. W . P r e n t i c e , C a s h i e r ; N. L. G r o e s c h o w , A s s i s t a n t C a s h i e r ; E. V i c e P r e s i d e n t s ; A. W . W r i g h t , F. M e y e r h u b e r , A u d i t o r . Chas. Evans, C. D. Hardy, Henry H art, J. W . Kirk, H. B. Knowles, H . L. Larwill, J. C. Murphy, F. W . Prentice, A. J. Walper, A. W . Wood. H. W . Lamb, Robert T. Moreland, W . H . Burnham, A. W . W right, M. J. Maynard, A. W . Robb, N. L. Groeschow, W . B. Alexander. urphy, i r e c t o r s .— Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial .................................. Savings ............................................ Real estate m ortgages : Savings .......................................... Bonds and securities: Commercial ................................. Savings ............................................ Due from Federal Reserve bank : Commercial .................................. Savings .......................................... Due from banks in reserve cities : Commercial .................................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Exchanges for clearing house: Commercial .................................... T otal cash on hand : Commercial .................................. Savings .......................................... Overdrafts .......................................... Banking house ............................... Furniture and fixtures............... Other real estate............................. Outside checks, and other cash items Stock of Federal Reserve bank Customers’ acceptances and letters of credit ......................... Other assets ...................................... $386,761 54 195,708 89 451,091 72 100,000 00 858,281 83 31,699 37 46,093 99 7,360 14 53,657 92 51,700 00 1,642 87 44,984 25,000 252 75,000 25,000 16,072 48 00 29 00 00 48 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................. Dividends unpaid ......................... Reserve for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Demand certificates of deposit Certified checks ............................. Cashier’s checks ............................. Due to other banks and bankers State moneys on d eposit............. Savings deposits (book acc’t ) .. Savings certificates of deposit. Club savings d eposits................... Notes and bills rediscounted.. Bills Payable .................................. Customers’ acceptances and letters of cred it......................... $150,000 62,500 7,997 55 00 00 76 00 348 90 374,317 35 148 73 181 96 5,589 44 13,390 96 10,000 00 1,272,389 73 253,523 22 11,980 20 19,792 04 200,000 00 9,775 21 64377 6,300 00 9,775 21 4,964 00 T otal ............................................ $2,391,990 50 T otal .......................................... $2,391,990 50 No. 732. AK RO N STATE BAN K , AKRON. Organized December 8, 1926. F r a n k l in D i r e c t o r s .— A. K olb, P r e s id e n t; T. J. F r i t z , V i c e P r e s i d e n t ; C. W . S t a c y , C a s h i e r ; M o l l i e B. S t a c y . A s s i s t a n t C a s h ie r . Franklin A. Kolb, T. J. Fritz, Samuel Elliott, Carey E. Morton, R. S. Streeter. Statement September 29, 1931. Resources. Loans and discounts : Commercial .................................... Savings .......................................... Real estate m ortgages : Commercial ................................... Savings ............................................ Bonds and securities: Commercial ................................... Savings .......................................... Due from bankB in reserve cities : Commercial .................................. Savings ............................................ T otal cash on hand: Commercial .................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Customers’ bonds left with bank for safe keeping............. T otal .......................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $70,148 70 3,694 55 1,900 00 2,891 40 7,000 00 8,000 00 24,036 86 2,000 00 5,233 245 3,500 1,000 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, net ................. Reserve for taxes, interest, depreciation, etc........................... Commercial deposits subject to check . . . . ^ .................................... Time commercial certificates of deposit ............................................ Savings deposits (book acc’t ) . . Bills payable .................................... Customers’ bonds left with bank for safe keeping............. $20,000 00 5,000 00 1,033 14 T otal ............................................ $131,650 11 750 00 41,306 03 39,898 01 15,662 93 6,000 00 2,000 00 10 50 00 00 2,000 00 $131,650 11 STATE BANKS OF MICHIGAN 7 No. 179. *ALB IO N STATE BAN K , ALBION. Organized March 14, 1895. D. A. G a r f i e l d , P r e s i d e n t ; B ruce P. G r e e n e , W . S. K C reager D i r e c t o r s .— essler, V ic e P r e s id e n ts ; Carl M. C a sh ier W . S. Kessler D. A. Garfield, Geo. T. Bulien, D. M. McAuliffe, Bruce P. Greene, N. H. Wiener, L. C. McDougal, Alvin Dice, K arl II. Miller. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial .................................... Real estate m ortgages : Commercial ................................. Savings ............................................ Bonds and securities: Commercial ........................ Savings ............................................ Due from Federal Reserve bank : Commercial .................................... Savings .......................................... Due from banks in reserve cities : Commercial .................................... Savings .......................................... T otal cash on hand : Commercial .................................... Overdrafts ........................................ Furniture and fixtures................. Other real estate ........................... Stock of Federal Reserve bank Other assets ...................................... Total .......................................... $162,570 03 23,136 04 127,225 51 67,466 25 198,214 36 3,349 17 40,513 63 690 82 1,007 28 20,827 10 4,489 24,021 2,700 1,250 88 51 45 40 00 00 $677,472 33 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, net ................. Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ............................. Cashier’s checks ............................. U. S. government d eposits........ Savings deposits (book acc’t ) . . Savings certificates of deposit. Club savings d eposits................... Notes and bills rediscounted.. Bills payable ................................... Other liabilities ............................. $50,000 00 19,000 00 8,266 49 167,245 66 4,532 61 70 75 826 73 3,749 72 302,096 11 30,423 18 14,931 75 48,829 33 25,000 00 2,500 00 T otal ............................................ $677,472 33 *Closed December 21, 1931. No. 167. THE COMMERCIAL AND SAYIN GS B A N K OF ALBION. Organized M ay 2, 1893. C. B l a i r , P r e s i d e n t ; B e n j . D. P r e s id e n t an d C a s h ie r ; C h a r l e s Homer C . Blair, Chas. G. B r o w n , V i c e P r e s i d e n t ; C h a s . G. B i g e l o w , V i c e S. L o u d , A s e n a t h F o r d , A s s i s t a n t C a s h ie r s . Bigelow, George E . Dean, L . C. YanGordon, W . S. Kennedy, H . B. Parker, H . R. Wochholz, A. L. Young, Brockway Dickie, B. D. Brown, E. M. Mounteer, H. L. Houseman. H omer D i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings ............................................ Real estate m ortgages: Commercial .................................... Savings ............................................ Bonds and securities: Commercial .................................... Savings ............................................ Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Exchanges for clearing house: Savings ............................................ T otal cash on hand : Savings .......................................... Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Other real e s ta te .. . , ..................... Customers’ bonds left with bank for safe keeping............... Stock of Federal Reserve bank. Liabilities. $256,386 72 52,350 00 11,759 66 271,192 18 160,658 52 175,220 49 40,757 £14 14,720 00 19,722 01 1,172 50 34,916 204 37,490 5,115 7,728 $100,000 55,000 5,453 25 00 00 54 00 29,666 00 277,548 68,678 1,294 15,178 454,541 20,954 20,703 45,000 86 43 84 99 52 78 09 00 12,600 00 69 22 79 64 59 12,600 00 4,650 00 T otal ............................................ $1,106,645 05 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Dividends unpaid ......................... Reserve for taxes, interest, depreciation, etc........................... Commercial deposits subject to Check .............................................. Demand certificates of deposit. Cashier’s checks ........................... U. S. government deposits. .. Savings deposits (book acc’t ) .. Club savings dep osits................. Notes and bills re d isco u n ted ... Bills payable .................................... Customers’ bonds left with bank for safe keeping............. Total ............................................ $1,106,645 05 s STATE BANKING DEPARTM EN T No. 498. ALGONAC SAYINGS BA N K , ALGONAC. Organized April 13, 1912. C u r t is D R. Cham i r e c t o r s .— p io n , P r e s i d e n t ; W . B. F o l s o m , V i c e P r e s i d e n t S t e w a r t . A s s i s t a n t C a s h ie r . and C a sh ie r ; F rances Curtis R. Champion, W . E. Folsom. Chas. T. W orthy, G. A. Wood, B. D. Towns end, W . E. Bostwiek, Chas. D. Gilbert, Roy T. Gilbert. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................... Real estate m ortgages : Savings ............................................ Bonds and securities: Commercial ................................. Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ..................... T otal cash on hand: Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house ............................... Due from banks other than in reserve cities ............................. Outside checks, and other cash items ................................................ T otal ............................................ $91,385 07 237,492 02 89,350 00 25,000 00 8,850 38 9,000 00 $40,000 00 Capital stock paid i n ...... Surplus fund ................................... 23,000 00 Undivided profits, n e t..... 10,095 27 100 00 Dividends unpaid ........................... Commercial deposits subject to check ................................................ 135,652 78 Demand certificates of deposit. 15,147 31 Certified checks .......... 1,331 76 Savings deposits (book acc’t ) .. 292,795 70 17,900 00 8,355 8,300 67 20,000 59 00 50 00 I 2,164 01 258 25 $518,122 82 T otal ............................................ $518,122 82 No. 314. A LLE G A N STATE SAVINGS BA N K , ALLEGAN. Organized M ay 24, 1905. E. D W. i r e c t o r s .— e L a n o , P r e s i d e n t ; C . F. P e c ic , V i c e P r e s i d e n t ; A . Z . H u r t e a u , C a s h ie r . E. W . DeLano, Albert Brand, Ed. T. Horan, C. F. Peck, R. B. Perrigo, L. A. Kolvoord. D Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................... Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial .................................... Savings .......................................... Due from banks in reserve cities : Commercial ................................... Savings .......................................... Exchanges for clearing house: Savings .......................................... T otal cash on hand : Commercial ................................... Savings .......................................... Overdrafts ........................................ Premium account ......................... Banking house . ........................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping............ Outside checks, and other cash items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $164,424 17 145,676 60 121,747 91 54,450 00 282,577 00 1,500 00 78,711 22 354 15 30,000 22,454 1,096 952 17,000 8,300 10,431 00 81 61 Î5 00 00 63 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Cashier’s checks ............................. Postal savings d eposits............ Savings deposits (book ac count) .............................................. Savings certificates of d ep osit.. Club savings deposits ................. Customers’ bonds left with bank for safe keeping............ $35,000 00 19,000 00 5,923 83 T otal ............................................ $942,115 24 21,454 56 223,262 90 543 75 12,549 57 429,568 03 171,181 46 21,431 14 2,200 00 2,200 00 238 99 $942,115 24 STATE BANKS OF M ICHIGAN 9 No. 323. THE FIRST STATE BAN K , ALLEGAN. Organized M ay 15, 1905. W . J. O l i v e r , P r e s i d e n t ; E. W . S t o n e , V i c e P r e s i d e n t ; H M D i r e c t o r s ^— Fred cO m b er , N e l l ie E g glesto n , V aupell, C a s h ie r s . erman A ssista n t C a sh ier; C l a ir Hollis Baker. McOmber, W . J. Oliver, E. W . Stone, Herman Vaupell, Edw. Horan, Sr., Weldon Smith, Mrs. Bertha Wilkes. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................... Savings .......................................... Real estate m ortgages : Commercial ................................... Savings .......................................... Bonds and securities : Commercial ................................... Savings .......................................... Due from banks in reserve cities : Commercial ................................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Exchanges for clearing house: Commercial ................................... Savings ............................. ............ Total cash on hand : Commercial .................................... Savings .......................................... Overdrafts .......................................... Banking house ............................... Furniture and fixtures............... Other real estate............................. Customers’ bonds left with bank for safe keeping............. Outside checks, and other cash items ................................................ Total $247,228 43 2,975 00 1,696 00 221,423 98 121,720 67 300,311 78 27,709 43 31,165 35 18,900 00 3,338 34 98 45 35,893 3,257 91 29,173 8,623 2,900 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t............... Dividends unpaid ........................... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ............................... Due to other banks and bankers Savings deposits (book ac,, count) .............................................. Savings certificates of d e p osit.. Bills payable ................................... Customers’ bonds left with bank for safe keeping.............. $50,000 30,000 7,549 32 00 00 41 00 40,000 00 327,761 54,781 12 8,928 94 19 26 31 378,471 88 139,753 07 20,000 00 30,200 00 78 49 55 63 37 25 30,200 00 782 56 $1,087,490 06 Total $1,087,490 06 No. 487. A LLE N STATE SAVINGS BANK , ALLEN. Organized March 7, 1911. A . L . N o r to n , P r e s id e n t; D i r e c t o r s .— A . L . Norton, H. V a n P a t t e n , V i c e P r e s i d e n t ; H a t t i e M. B r o c k w a y , C a s h i e r Harlo Van Patten, Charles Miller, Geo. Engelhardt, B . E . K e m p . Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................... Savings .......................................... Real estate m ortgages : Commercial ................................... Savings .......................................... Bonds and securities : Commercial ................................... Savings .......................................... Due from banks in reserve cities : Commercial ................................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept,o n ly ........................ T otal cash on hand : C o m m e rc ia l.................................... Savings .......................................... Overdrafts .......................................... Banking house ............................. Furniture andfixtures ................ Other real estate............................. Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $38,141 56 12,130 00 4,910 00 6,942 21 5,500 00 8,200 00 $20,000 00 Capital stock paid i n ................ Surplus fund .................................... 4,000 00 Undivided profits, n e t............... 2,577 52 Commercial deposits subject to check ...................................................... 19,789 82 Demand certificates of deposit. 28,038 73 Savings deposits (book ac count) .................................................... 29,470 39 9,574 33 6,088 88 100 00 1,876 1,000 17 4,250 1,500 3,645 38 00 19 00 00 91 $103,876 46 T otal ............................................ $103,876 46 10 STATE BANKING DEPARTMENT No. 232. A L M A STATE SAVINGS BANK , ALM A. Organized April 21, 1901. W A . B a h l k e , P r e s id e n t ; F . C. M a p e s , J a m e s E . M it c h e l l , V ic e P r e s id e n ts ; K a r l R . A d a m s , C a sh ier; G eorge C. U r t e l , N o r m a n F . G e l l e r , A ss is ta n t C a sh ie r s; C a r o l in e L . H a l l A u d ito r . D i r e c t o r s .— W illiam A. Bahlke, Daniel L. Sharrar, Geo. C. Parsons, James E. Mitchell, C. A . il l ia m Triphagen, R. B. Smith, Mary C. Bahlke, F. C. Mapes. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial .................................... Savings .......................................... Real estate m ortgages : Commercial .................................... Savings .......................................... Bonds and securities : Commercial .................................... Savings .......................................... Due from banks in reserve cities : Commercial ................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Exchanges for clearing house: Commercial .................................... Total cash on hand : Commercial .................................... Overdrafts ...................................... Banking house ............................... Furniture and fixtures................. Other real estate ........................... Due from banks other than in reserve cities ............................. Outside checks and other cash items ................................................ T otal ............................................ $134,207 55 97,287 88 6,142 10 198,061 34 4,871 69 90,090 00 11,117 11 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ........................... Savings deposits (book account) .............................................. Savings certificates of deposit. Bills payable .................................... $50,000 00 30,000 00 8,587 48 T otal ............................................ $634,141 37 208,906 63 2,060 24 2,296 39 201,306 55 107,984 08 23,000 00 5,000 00 1,447 47 15,249 146 40,000 7,725 18,264 29 44 00 00 78 4,500 00 30 72 $634,141 37 No. 233. FIRST STATE B A N K OF ALM A , ALM A. Organized June 9, 1901. L ester D i r e c t o r s .— A. W P r e s i d e n t ; C h a s . O . W a r d , E . C . C r a n d e l l , V i c e P r e s i d e n t s ; C a r l H. , C a s h i e r ; J . S. K n o e r t z e r , W m . M c F a d d e n , A s s i s t a n t C a s h i e r s . Lester A. Sharp, Carl H . Washburn, Chas. O. W ard, E. C. Crandell, G. S. Crisp, Marlie Slingluff, Chas. H. Goggin, G. V. Niles, Frank O. Parker. Sharp, ash burn Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................... Savings .......................................... Real estate m ortg a g e s: Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve citie s: Commercial .................................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... Exchanges for clearing house: Commercial .................................... T otal cash on hand: Commercial .................................... Overdrafts ........................................ Banking house ............................. Furniture and fixtures............... Other real estate........................... Due from banks other than in reserve cities ............................... Customers’ bonds left with bank for safe keeping.......... Outside checks, and other cash items ................................................ $262,033 78 68,005 54 338,426 15 140,100 00 56,877 33 28,365 56 60,650 00 1,038 76 24,991 146 25,000 10,000 40,094 $100,000 00 100,000 00 7,086 81 11,855 89 220,153 8,342 368 4,006 31 42 72 66 375,497 85 234,234 55 349,455 00 69 87 00 00 18 5,019 99 349,455 00 796 36 T otal ............................................ $1,411,001 21 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............. Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ............................. Cashier’s checks ............................. • Savings deposits (book ac count) .............................................. Savings certificates of deposit. Customers’ bonds left with bank for safe keeping.............. Total ............................................ $1,411,001 21 STATE BANKS OF MICHIGAN 11 No. 437. THE ALM ONT SAYINGS BA N K , ALMONT. Organized April 27, 1909. W . W . P a to n , P r e sid e n tj ■r, __ „ D i r e c t o r s .— W . W . Paton, F. P. A n d r u s , V ic e P r e s id e n t ; G eo. S a n b o r n , A s s i s t a n t C a s h ie r . D. H art, C a sh ier; L. C. Geo. D. Hart, L. C. Sanborn, Frank Bishop, M. A. Currier, Hunter Paton, James P. Leete. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... Savings .......................................... Real estate m ortgages : Commercial .................................... Savings .......................................... Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ....................... Exchanges for clearing house: Commercial ................................... T otal cash on hand : Commercial .................................... Savings .......................................... Overdrafts ........................................ Banking house ............................ Furniture and fixtures.................. Other real estate ........................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $30,483 76 43,479 53 24,119 08 84,277 80 34,700 55 4,577 78 6,300 54 Capital stock paid in . $25,000 Surplus fund ................................. Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks ........................... Savings deposits (book ac count) .............................................. Savings certificates of deposit. Bills payable ................................... 00 14,973 74 32,435 67 10,462 36 1,771 82 162,481 67 558 92 4,000 00 5,000 00 615 06 1,663 4,000 20 4,586 1,227 6,632 60 00 79 22 22 25 $251,684 18 T otal ............................................ $251,684 18 STATE BANKING D EPARTM EN T 12 No. 169. *THE ALPE N A TRUST AND SAVINGS BANK , ALPENA. Organized December 26, 1893. One Branch. L e e R i c h a r d s o n , P r e s i d e n t j D. D. H a n o v e r , C a r d R . H e n r y , A r t h u r C h r i s t o p h e r s o n , V i c e P r e s i d e n t s ; B. H . O l d s , V i c e P r e s i d e n t a n d C a s h i e r ; H . A. D i c k e n s o n , J. E. L a L o n d e , G . M . Z i e m , A r c h i e S t o u t , D. H . M a r k h a m , C . V. P r e v o s t , G . M . D i v i n e , A s s i s t a n t C a s h i e r s ; G u y E a t o n , T r u s t O fficer. D i r e c t o r s .— Thos. McDade, D. D. Hanover, C. P. Harris, Lee Richardson, H. C. Masters, B. H . Olds, Robert Polzin, James B. Forman, J. H. Besser, J. E. Richards, Carl R. Henry, Arthur Christopherson, N. C. Johnson, Martin Martinson, H . J. Markham. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial .................................... $1,343,220 668,161 Savings .......................................... Real estate m ortgages : Savings .......................................... 1,288 702 Bonds and securities : Savings .......................................... 2,738 571 Due from Federal Reserve bank : 48,622 Commercial ................................... 250.000 Savings .......................................... Due from banks in reserve cities : 158,898 Commercial .................................... 220.000 Savings .......................................... Exchanges for clearing house: 7,429 Commercial .................................... Total cash on hand: 15,578 Commercial .................................... 130,000 Savings .......................................... 620 Overdrafts .......................................... 116,212 Banking house ............................... 15,429 Furniture and fixtures............... 62,163 Other real estate............................. 18,000 Stock of Federal Reserve bank Trust dept. : 12,540 Cash ................................................ Total 28 13 72 26 33 00 05 00 55 56 00 12 16 66 73 00 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................. Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ............................. Cashier’s checks ............................. Due to other banks and bankers. U. S. government d e p o s it s .... Savings deposits (book ac count) .............................................. Savings certificates of deposit Club savings dep osits................. Trust d e p t.: Trust deposits— totals ............... $400,000 200,000 34,204 200 00 00 94 50 116,441 79 738,758 68,150 648 10,022 89,972 65,069 37 00 01 62 13 85 5,232,265 77 96,827 22 29,048 35 12,540 00 00 $7,094,149 55 T otal $7,094,149 55 »June 24, 1931 The Alpena National Bank, Alpena, consolidated with the Alpena Trust & Savings Bank, Alpena. »August 5, 1931 The Montmorency Co. Savings Bank, Hillm an, merged with the Alpena Trust and Savings Bank, Alpena. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13 STATE BANKS OF M ICHIGAN No. 688. PEOPLES STATE B A N K OF ALPEN A. Organized March 22, 1922. R. W . P i e p k o r n , P r e s i d e n t j E. W . L e a v i t t , V i c e P r e s i d e n t ; C. M. E. L u n d q u i s t , C a s h i e r ; K. W . S c h o o n , A s s i s t a n t C a s h ie r . D i r e c t o r s .— N. M. Eddy, W . E. W illiam s, C. F. Steele, Jr., J. S. Szczukowski, R. W . Piepkorn, E. W . Leavitt, W . I. Foss, C. M. E. Lundquist, Chas. Herron, W . H . Schoon, J. D. Bingham, J. F. Berg, F. T. Hinks, J. J. Guerin. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................... Savings .......................................... Real estate m o rtg ages: Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Exchanges for clearing house: Commercial ................................... Total cash on h a n d : Commercial ................................... Savings .......................................... Overdrafts .......................................... Banking house ............................... Furniture and fixtures............... Other real estate............................. Customers’ bonds left with bank for safe keeping............... Outside checks, and other cash items ................................................ $177,307 73 138,806 01 123,940 06 285,300 00 34,142 14 111,854 50 3,450 00 1,331 96 5,000 21,241 38 37,725 8,003 13,717 00 59 63 49 46 56 $100,000 26,000 13,189 • 23 00 00 66 00 3,322 57 151,603 4,800 51 1,755 67 00 00 94 637,555 46 17,356 81 6,488 25 39,000 00 39,000 00 287 23 $1,001,146 36 Total Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................. Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Certified checks ............................. Cashier’s checks ............................ Savings deposits (book ac count) .............................................. Savings certificates of deposit. Club savings deposits................... Customers’ bonds left with bank for safe keeping.......... $1,001,146 36 Total No. 302. THE FARM ERS STATE B A N K OF ALTO, ALTO. Organized October 18, 1904. E dso n D i r e c t o r s .— O ’H , P r e s i d e n t j J n o . G. L i v i n g s t o n , V i c e P r e s i d e n t j E a r i , V. C o l b y , C a s h i e r j C h a s . I. C o l b y , A s s i s t a n t C a s h ie r . Edson O’Harrow, Jno. G. Livingston, Earl V . Colby, John E. Rockefellow, Henry Slater, Alvin H. Bergy. arrow Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................... Savings .......................................... Real estate m ortg age s: Commercial ................................... Savings .......................................... Bonds and securities: Commercial ................................... Savings .......................................... Due from banks in reserve cities : Commercial ................................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... T otal cash on h a n d : Commercial .................................... Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate ........................... Customers’ bonds left with bank for safe keeping............... Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $33,592 33 37,063 17 12,641 63 77,432 05 21,000 00 34,280 00 4,624 08 4,265 53 13,550 00 1,000 2,279 20 2,500 1,391 7,129 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Savings deposits (book ac count) ............................................ Savings certificates of deposit. Club savings d eposits................... Bills payable ............................. .... ■ Customers’ bonds left with bank for safe keeping............. $ 20,000 00 14,000 00 2,570 23 3,864 90 23,659 40 20,226 08 131,663 31,182 603 5,000 93 35 29 00 18,900 00 00 67 53 00 61 58 18,900 00 $271,670 18 Total $271,670 18 14 STATE BANKING D EPAR TM E N T No. 609. AM BLE STATE BANK , AM BLE. Organized April 16, 1917. A ugu st W aldo, D i r e c t o r s .— P r e sid e n t; T h o s . S k e d g e l l , V ic e P r e s id e n t ; V io l a B e c k l e y , A s s is t a n t C a sh ier. C. E. B eck ley, C a sh ie r ; Nels P. Petersen, Thos. Skedgell, August W aldo, Viola Beckley, C. E. Beckley. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................... Real estate m ortgages: Savings .......................................... Bonds and securities: Commercial .................................... Savings .......................................... Due from banks in reserve citie s: Commercial .............. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... T otal cash on hand: Commercial ................................. O v e r d r a fts ................................................ Banking house ........................ Furniture and fixtures................ Customers’ bonds left with bank for safe keeping................ T otal ............................................ $63,539 41 11,298 50 28,700 00 42,100 00 2,530 40 2,400 00 1,200 00 1,966 389 3,000 1,300 80 99 00 00 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................. Commercial deposits subject to check ................................................ State moneys on dep osit............ Tim e commercial certificates of deposit ............................................ Savings deposits (book ac count) .............................................. Savings certificates of d e p o s it.. Notes and bills rediscounted.. Bills payable .................................... Customers’ bonds left with bank for safe keeping............... $20,000 00 7,800 00 89 16 18,942 05 6,250 00 40,037 13 40,693 23 7,093 53 5,020 00 12,500 00 6,250 00 6,250 00 $164,675 10 T otal ............................................ $164,675 10 No. 48. A N N ARBOR SAVINGS BA N K , A N N ARBOR. Organized February 4, 1869. Reorganized November 5, 1889. One Branch. m . L. W a l z , P r e s i d e n t ; J o h n C. F r i t z , R o y O t t m a r , A s s is ta n t V ic e P r e s id e n t ; A l f r e d F . P y r e r , R a l p h L u t z , A s s i s t a n t C a s h ie r s . D i r e c t o r s .— W m . L. W alz, John C . Fritz, Roy B . W Ormond E. Hunt, Alex. Alfred F. Staeb. G. Ruthven, B. H isc o c k , Staeb, V ic e P r e s id e n t s ; N o r m a n C a s h i e r ; E. W . W a i d e d i c h . B. A. E. Hiscock, Lewis E. Wenzel, Lewis M. Gram, Oscar A. Eberbach. Earl H. Cress, Geo. J. Moe, Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial .................................... $1,906,576 24 Savings .......................................... 1,350,000 00 Real estate m ortgages : Commercial .................................... 294,376 08 Savings .......................................... 1,546,430 64 Bonds and securities : C o m m e rc ia l.................................... 248,075 00 Savings .......................................... 337,115 80 Due from banks in reserve cities : Commercial .................................... 180,239 70 Savings .......................................... 94,948 18 U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... 259,200 00 Exchanges for clearing house: Commercial .................................... 51,418 49 T otal cash on hand : Commercial .................................... 120,704 01 Savings .......................................... 100,000 00 Overdrafts .......................................... 1,286 13 Banking house ............................... 150,000 00 Furniture and fixtures................. 29,185 00 Other real estate............................. 90,278 84 Outside checks, and other cash items ................................................ 1,482 71 T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $6,761,316 82 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers U. S. government d e p o s it s .... Savings deposits (book ac count) .............................................. Savings certificates of d e p o s it.. Bills payable .................................... T otal $500,000 300,000 165,246 74 00 00 56 40 3,134 45 1,678,376 4,378 20,456 126,623 2,830 43 26 55 05 00 3,564,762 14 122,932 48 272,502 50 $6,761,316 82 15 STATE BANKS OF MICHIGAN A N N ARBOR TRUST COMPANY, A N N ARBOR. Organized April 20, 1925. L e w is D i r e c t o r s .-1—Lewis M. G r a m . P r e s id e n t ; E a r l H . C r e s s . V ic e P r e s id e n t ; H o m e r L . H e a t h , S e c r e t a r y ; W m . E. B r o w n , J r .. T r e a s u r e r ; L e o n a r d A . T a p p e , A s s i s t a n t T r e a s u r e r . Mi. Gram, Earl H . Cress, Homer L. Heath, W m . E. Brown, Jr., Philip S. Schumacher, Geo. J. Burke, A* G. Ruthven. Statement September 29, 1931. Liabilities. Resources. Collateral lo an s: Tim e ................................................ Collateral lo a n s: Demand .......................................... Other loans ........................................ Loans on real estate m ortg age s: W ith state treasurer................. B o n d s: In office .......................................... B o n d s: W ith state treasurer............... Due from other banks and bankers .......................................... Cash .................................................... Advances to tru sts......................... Other investments ....................... Real estate m ortgages securing debentures .......... ........................ Banking house ............................. Furniture and fixtures................. Accrued interest and prepaid expense ............................................ Securities for safe keeping . . . Other assets .................................... $14,179 54 75,500 00 5,050 00 66,775 00 3,839 23 8,815 35 18,051 50 8,852 5,000 36 00 82 00 Capital stock paid i n ................. Surplus fund ................................. Undivided profits (less expenses, interest and taxes p a id )........ Deferred profits ......................... Reserve for taxes, etc................. Corporate agency d e p o s its .... Trust deposits ............................... Escrow deposits ........................... Debentures ......................... .. Securities for safekeeping........ Accrued interest ........................... Other liabilities ............................. $150,000 00 15,000 00 23,183 1,875 2,005 39,293 10,715 446 81 00 98 14 01 86 1,102 00 10,400 00 141 10 1,300 34 2,500 00 28,074 98 1,920 65 2,603 48 10,400 00 3,850 83 $255,463 24 T otal $255,463 24 Total No. 26. FARM ERS AND MECHANICS BA N K , A N N ARBOR. Organized October 13, 1882. One Branch. H. A. W il l ia m s , C h a irm a n o f t h e B o a rd . F. T. S t o w e , P r e s i d e n t ; J u n i u s E. B e a l , G e o . W . M i l l e n , V i c e P r e s i d e n t s ; C. A. M a u l b e t s c h , C a s h i e r : G. J. G e i s e l , R. E. F o w l e r , B. A. V a n S i c k l e , A s s i s t a n t C a s h i e r s . D i r e c t o r s .-—-Junius E. Beal, Horatio J. Abbott, George J. Burke, Chas. C. Freeman, James Foster, Shirley W . Smith, Burt F. Schumacher, Geo. W . Millen, W . W . Wadhams, Herbert A. W illiam s, C. A. Sink, F. T. Stowe, E. C. Goddard, C. J. Lyons, R. O. Bomsteel, J. D. Bruce, H. C. Anderson. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial .................................. $1,515,496 589,098 Savings ............................................ Real estate m ortgages: 68,584 Commercial .................................... 757,684 Savings .......................................... Bonds and securities: 642,500 Savings ............................................ Due from Federal Reserve bank : 143,781 Commercial .................................... 60,000 Savings ............................................ Due from banks in reserve cities : 79,478 Commercial ................................. Exchanges for clearing house: 114,795 Commercial ................................... T otal cash on hand : 125,656 Commercial ................................. 31,514 Savings ............................................ 1,349 Overdrafts .......................................... 249,000 Banking house ............................... 64,334 Furniture and fixtures................. 89,738 Other real estate............................. Outside checks, and other cash 1,261 items ................................................ 15,000 Stock of Federal Reserve bank Trust departm ent: 2,630 Cash ................................................ Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 06 06 89 05 86 11 00 86 73 70 36 83 00 05 66 Capital stock paid i n ........... $250,000 Surplus fund .................................... 250,000 Undivided profits, net ............... 29,122 Dividends unpaid ......................... 195 Commercial deposits subject to check ................................................ 1,763,830 Certified checks ............................. 762 Cashier’s checks ............................. 15,722 Due to other banks and bankers 18,907 50,539 State moneys on d eposit............... Savings deposits (book acc’t ) .. 1,839,473 Savings certificates of deposit. 49,961 Club savings d eposits......... 54,920 Bills payable .................................... 200,000 Customers’ acceptances and letters of credit ......................... 350 Other liabilities ............................. 25,489 Trust department: T rust deposits— Totals ........... 2,630 00 00 96 00 07 55 11 42 58 69 56 17 00 00 59 28 48 00 28 $4,551,904 98 Total $4,551,904 98 16 STATE BANKING D EPARTM ENT No. 144. STATE SAVINGS B A N K OF A N N ARBOR, AN N ARBOR. Organized September 5, 1892. C. J. W D G e o . J. M a n n , R. A. B e a l , V i c e P r e s i d e n t s ; H. F. G r o s s , C a s h i e r ; D. P. M c A u l i f b ' k , F. M , C r a n d a l l , A s s i s t a n t C a s h ie r s . ffm . Arnold, Jr., John Koch. Christian Martin, E. F. Mills, D. F. Zimmerman, A. R. Peterson, Geo. J. Mann, Chas. W . Wagner, John M. Feiner, Arthur Brown, John Lindenschmitt, R. B. Canfield, Chas. Henderson, C. J. W alz, Chas. F. Kyer, Edw. W . Staebler, F. B. DeVine, H . A. Haynes. alz, P r e s id e n t ; i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................... $1,378,394 Savings ............................................ 296,250 Real estate m ortgages : Commercial ................................. 189,127 1,534,541 Savings .......................................... Bonds and securities : Commercial .................................... 709,896 Savings ............................................ 1,393,043 Due from Federal Reserve bank : Commercial .................................... 145,510 Savings ............................................ 102,000 Due from banks in reserve cities : Commercial ................................. 48,051 Savings .......................................... 187,270 Exchanges for clearing house: Commercial .................................... 8,654 Total cash on hand : Commercial ................................. 106,413 Savings ......................................... 22,346 Overdrafts .......................................... 668 Premium account ......................... 4,070 Banking house ............................... 75,000 Furniture and fixtures................. 11,000 26,630 Other real estate............................. Outside checks, and other cash items ................................................ 3,396 Stock of Federal Reserve bank 24,000 Customers’ acceptances and let ters of credit ............................... 7,325 Trust department: Cash ................................................ 12,351 Due from banks in reserve cities ............................................ 20,000 Liabilities. 27 00 63 00 25 46 17 Ô0 34 66 56 $400,000 00 400,000 00 88,688 32 888 66 1,926,074 514 12,711 66,237 32,947 3,215,241 122,962 85 76 27 09 39 27 04 7,325 00 32,351 71 33 19 87 84 00 00 61 47 00 00 71 00 Total ............................................ $6,305,942 36 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, deprecation, etc........................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ............................. Due to other banks and bankers U. S. government d eposits........ Savings deposits (book acc’t ) . . Savings certificates of deposit Customers’ acceptances and letters of cred it........................... Trust departm ent: Trust deposits— Totals ........ Total $6,305,942 36 17 STATE BANKS OF MICHIGAN No. 512. THE STATE BA N K OF APPLEGATE, APPLEGATE. Organized September 5, 1912. A lbert D i r e c t o r s .— E. S l e e p e r , P r e s i d e n t ; J o h n P . N i g g e m a n , J r ., V i c e P r e s i d e n t ; W C a s h i e r ; I. M. S h e r m a n , A s s i s t a n t C a s h ie r . Albert E . Sleeper, John Schoettle, John P . Niggeman, Jr., Ca l k alter W alter in s , Calkins, Robert Murray. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................... Real estate m ortg age s: Commercial .................................... Savings ............................................ Bonds and securities: Commercial ................................... Savings .......................................... Due from banks in reserve cities : Commercial ................................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... T otal cash on h a n d : Commercial ................................... Savings ............................................ Overdrafts ........................................ Expenses, interest and taxes paid exceeding earn ings........ Banking house ............................... Furniture and fixtures................. Other real estate........................... Customers’ bonds left with bank for safe keeping............ T otal ............................................ $55,746 86 2,070 00 21,766 71 22,650 00 20,000 00 9,274 18 4,000 00 1,450 00 Capital stock paid i n ................... Surplus fund ................................... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit Cashier’s checks ............................. Savings deposits (book acc’t ) . . Savings certificates of deposit. Bills payable ...................... Customers’ bonds left with bank for safe k eeping............ Other liabilities ........................... $20,000 00 4,000 00 T otal ............................................ $156,638 36 2,000 00 21,740 51,979 78 20,945 25,566 6,976 46 86 73 66 98 67 350 00 3,000 00 3,880 10 150 00 208 13 2,052 3,800 2,211 7,029 07 00 30 01 350 00 $156,638 36 No. 627. *THE AR CAD IA STATE SAYINGS BANK, ARCADIA. Organized March 12, 1919. L. F L uth er D i r e c t o r s .— i n c h , P r e s id e n t ; D. A. J a m i e s o n , V i c e P r e s i d e n t ; H a r v e y G r u n d , C a s h i e r ; E m m a I. M a l l i s o n , A s s i s t a n t C a s h ie r . Luther L. Finch, D . A. Jamieson, A. J. Martineau, Harvey Grund, John M. Mason, Ralph Putney. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................... Sayings .......................................... Real estate m ortg age s: Commercial ................................... Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Banking house ............................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping............ T otal $16,021 80 12,862 20 575 00 33,077 28 14,960 68 3,483 75 3,229 17 9,130 36 100 2,500 1,500 680 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $20,000 00 3,900 00 452 35 18,569 995 43,181 3,322 7,700 26 34 13 66 00 4,000 00 00 00 00 50 4,000 00 .............................................. $102,120 74 ♦Closed October 23, 1931. Capital stock paid i n ................... Surplus fund .................................... Reserved for taxes, interest, depreciation, etc. ....................... Commercial deposits subject to check .............................................. Cashier’s checks ............................. Savings deposits (book acc’t ) . . Savings certificates of deposit. Bills payable .................................... Customers’ bonds left with bank for safe keeping............. T otal .............................................. $102,120 74 18 STATE BANKING DEPARTMENT No. 468. THE A R M A D A STATE BA N K , AR M A DA . Organized November 10, 1910. Sa b in I. S t u m D ir e c t o r s .— p . P r e s id e n t; W i l l i a m C. B o t t o m l e y , V ic e P r e s id e n t; J a s . E . N C. A . P l a u m a n , A s s is ta n t C a sh ier; W . T . F e r g u s o n , A u d ito r . eely, C a sh ier; Sabin I. Stump, G. H. Hebblewhite, W illiam C. Bottomley, Orvy Hulett, E. E. Rogers, H . P. Barringer, James E. Neely. Statement, September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial .................................... Savings ................................... Real estate m o rtg ages: Commercial ............................. .. Savings .......................................... Bonds and securities: Savings ............................................ Due from Federal Reserve bank : Commercial .................................. Savings .......................................... Due from banks in reserve cities : Savings ............................................ Exchanges for clearing house: Savings ............................................ T otal cash on h a n d : Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping............. Outside checks and other cash items ................................................ Stock of Federal Reserve bank T otal ............................................ $120,310 24 55,405 92 14,067,92 223,982 08 93,250 00 12,096 59 12,800 00 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, net Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks ............................. Savings deposits (book acc’t ) . . Customers’ bonds left with bank for safe keeping............ $25,000 00 25,000 00 8,070 08 18,227 98 79,837 31,033 387 419,877 75 23 37 03 5,150 00 17,672 51 136 75 1,148 14,764 62 17,900 5,050 17,213 10 61 95 00 00 00 5,150 00 72 77 1,500 00 $612,583 44 T otal $612,583 44 No. 473. FARM ERS STATE BAN K , ARM ADA. Organized December 4, 1910. F. H . W D P r e s i d e n t ; S. B. A n d e r s o n , J. D. S i m m o n s , C. D. A t w o o d , V i c e P r e s i d e n t s ; C h a s . J. K e s n e r , C a s h i e r ; F. A. P r i e s t a p , A s s i s t a n t C a s h ie r . F. H. W olcott, S. B. Anderson, J. D. Simmons, Chas. J. Kesner, J. T . Lungerhausen, A. P. Hagaman, W . A. Dudley, Urial Hulett, H . A. Plauman. olcott. i r e c t o r s .— Statement, September 29, 1931. Resources. Loans and discounts : Commercial .................................. S a v in g s ............................................ Real estate m ortgages : Commercial .................................. S a v in g s ............................................ Bonds and securities : S a v in g s ............................................ Due from federal reserve bank: Commercial .................................. S a v in g s ............................................ Due from banks in reserve cities : S a v i n g s ............................................ Exchanges for clearing house : Commercial .................................. Total cash on hand : Commercial .................................. Savings ............................................ Overdrafts ......................................... Banking house ................................ Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping.............. Stock of federal reserve bank. . T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $33,176 48 47,103 65 16,145 91 69,024 68 36,350 00 3,200 71 8,929 51 2,043 44 2 25 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to c h e c k ................................................ Demand certificates of deposit. Certified checks ............................. Cashier’s c h e c k s ............................. Savings deposits (book acc’t ) . Notes and bills rediscounted.. Customers’ bonds left with bank for safe k eeping............ Other liabilities ............................. $25,000 00 12,500 00 8,339 69 1,657 48 27,746 73 145 65 45 00 405 05 164,317 10 4 ,4 6 1 4 5 3,450 00 1,912 00 499 19 2,000 00 51 6,500 00 4,366 71 16,037 11 3,450 00 1,150 00 $249,980 15 T otal ............................................ $249,980 15 19 STATE BANKS OF MICHIGAN No. 582. FIRST STATE BAN K , ASHLEY. Organized January 28, 1916. A. G. A l d r i d g e , P r e s i d e n t ; G e o . R e e b , V i c e P r e s i d e n t ; G. A. L e w A ssista n t D i r e c t o r s .— is , C a sh ie r ; M. M. C o r d r a y , C a s h ie r . A. G. Aldridge, G. A . Lewis, B. A. Geyer, J. E. Thurman, George Reeb. Statement, September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................. Real estate m ortg age s: Savings ......................................... Bonds and securities: Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly .................... T otal cash on hand: Commercial .................................. Banking house ......................... Furniture and fixtures................ Other real estate............................. Customers’ bonds left with bank for safe keeping. . . . . . T otal ............................................ $95,976 93 15,860 00 69,407 50 27,638 91 7,000 00 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Commercial deposits subject to check ................... .......................... Demand certificates of deposit. Saving deposits (book account) Customers’ bonds left with bank for safe k eepin g............ $20,000 00 6,000 00 555 23 44,099 78 89,217 65 79,031 72 5,800 00 3,500 00 7,496 9,419 1,366 1,300 04 OO 00 00 5,800 00 $244,704 38 T otal ............................................ $244,704 38 No. 414. ATHENS STATE BA N K , ATHENS. Organized November 28, 1908. Frank G. W oodruff, P r e sid e n t; Frank W olf, C. H . R o g g e , V i c e P r e s i d e n t s ; m aster, A ssista n t D i r e c t o r s .— Frank G. Woodruff, C. N. H o f f - C a s h ie r . Frank W olf, S. W . C. H. Rogge. Lehr, Z. F. Wheeler, Chas. Burns, Statement, September 29, 1931. Resources. Loans and discounts: Commercial .................................. Savings ......................................... Real estate m ortgages: Commercial .................................. Savings ........................................... Bonds and securities: Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ........................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ...................... T otal cash on hand: Commercial .................................. Savings ......................................... Overdrafts ......................................... Expenses, interest and taxes paid exceeding earnings . . . . Banking house ............................... Furniture and fixtures................. Other real e state............................. Customers’ bonds left w ith bank for safe keepin g........................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $51,451 92 15,833 OO 1,400 00 84,505 01 54,553 89 2,898 64 16,875 42 13,950 OO Capital stock paid i n ................... Surplus f u n d .................................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Demand certificates of deposit Savings deposits (book account) Savings certificates of deposit. Club savings d ep osits................... Customers’ bonds left with bank for safe k eeping........................... Other liabilities ............................. $40,000 00 12,000 00 950 00 45,308 78 67207 121,688 28 48,982 55 2,219 00 350 00 2,317 10 4,000 00 3,760 89 39 2,097 51 4,000 00 1,000 OO 17,811 11 350 00 $274,487 78 T otal ............................................ $274,487 78 20 STATE BANKING DEPARTM EN T No. 418. THE PEOPLES STATE SAVINGS BANK, AUBURN. Organized January 6, 1909. C . W . M c P h a i l , P r e s i d e n t ; C. H . M a c o m b e r , V i c e P r e s i d e n t ; W m . J. B i e r d , V i c e P r e s i d e n t a n d A u d i t o r ; B. W . G i l l m a n , C a s h i e r ; C l a r a M. A p p o l d , A s s i s t a n t C a s h ie r . D i r e c t o r s .— C. W . M c P h a i l, C. H . Macomber, W m. J. Bierd, Jos. Bierd, B. W . G il lm a n . Statement, September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial .................................. $23,102 Savings ........................................... 46,470 Real estate m o rtg ages: Commercial .................................. 9,665 S a v in g s ............................................ 96,323 Bonds and securities : Commercial .................................. 7,000 Savings ......................................... 39,500 Due from banks in reserve c itie s: Commercial .................................. 12,158 Savings,, ......................................... 10,671 U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ...................... 14,050 Total cash on h a n d : .................................. 2,483 Commercial Savings ....................................... 5,000 Overdrafts ......................................... 10 2,200 Banking house ............................... Furniture and fixtures................. 1,500 12,330 Other real estate............................. Customers’ bonds left w ith bank for safe keepin g........................... 700 Outside checks, and other cash items ................................................ 204 T otal ............................................ 75 31 00 98 00 00 81 24 Capital stock paid i n . $20,000 Surplus fund .................................. 5,710 Undivided profits, n e t. Reserved for taxes, interest, depreciation, etc........ 1,742 Commercial deposits subject to check .............................................. Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank 700 for safe k eeping........ 00 5,000 00 90 01 40,001 235 207,907 2,072 95 51 22 68 00 00 18 00 04 00 OO 25 00 71 $283,370 27 Total $283,370 27 No. 522. AU GRES STATE BANK , AU GRES. Organized December 4, 1912. H. C. N o g g l e . P r e s i d e n t ; E d w i n W . S i m s , J r ., V i c e P r e s i d e n t ; T h e o . E. R e i c h l e , C a s h ie r . i r e c t o r s .— H . C. Noggle, Theo. E. Reichle, Carrie G. Noggle, Edwin W . Sims, Jr., Alberta Cole. D Statement, September 29, 1931. Resources. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. Capital stock paid i n $20,000 Surplus fu n d ............... 8,500 818 Undivided profits, n e t. Commercial deposits subject to check ................................................ Savings deposits (book account) Savings certificates of deposit. . Loans and discou nts: Commercial .................................. Savings ............................................ Real estate m ortg age s: Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial .................................. U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ...................... Total cash on h a n d : Commercial .................................. Savings ......................................... Overdrafts ......................................... Banking house ............................... Furniture and fixtures................. Other real estate............................. $27,648 64 9,885 10 26,280 63 26,906 25 00 00 82 28,660 38 41,613 56 39,950 53 17,643 28 15,935 00 1,630 3,000 126 4,361 1,885 4,241 26 00 98 00 10 05 $139,543 29 Total ............................................ $139,543 29 21 STATE BANKS OF MICHIGAN No. 420. THE STATE BA N K OF AUGUSTA, AUGUSTA. Organized February 8, 1909. Ch D as . F. M i r e c t o r s .— oreau, P r e s id e n t and H C a s h i e r j E. M . C a d w a l l a d e r , A s s i s t a n t C a s h ie r . V ic e P r e sid e n tj W m . G. orton, Chas. F. Moreau, A. U. King, E. M. Cadwallader, T. A. Aldrich, E. L. Ilursley, C. L. Aldrich, Floyd Terpening. Statement, September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................. S a v in g s ............................................ Real estate m ortgages : Commercial .................................. S a v in g s ............................................ Bonds and securities : Commercial .................................. Savings ............................................ Due from banks in reserve cities : Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ...................... T otal cash on hand : Commercial .................................. Savings ............ ............................. Overdrafts ......................................... Banking house ............................... Furniture and fixtures................. Other real estate ........................... $35,685 17 25,066 75 1,474 50 63,591 97 4,450 00 13,600 00 48,558 73,592 15,581 5.500 78 43 09 00 5,921 63 7,500 73 200 OO 2,523 3,000 31 3,700 2,900 1,043 48 00 82 00 OO 25 $170,689 30 Total $170,689 30 Total $20,000 00 6.500 00 957 00 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, net. . ............. Commercial deposits subject to check ................................................ Savings deposits (book account) Savings certificates of deposit. Bills pay ab le.................................... No. 236. STATE B A N K OF FR A N K W. HUBBARD & CO., BAD AXE. Organized June 30, 1901. F rank W. R o ger s, H u b b a r d , P r e s i d e n t j J a m e s L. B V ic e P r e s id e n t an d C a s h ie r j W . u rgess, Jo s. J. H e b e r l y , N. R a n k i n , V i c e P r e s i d e n t s ,' O s c a r A s s i s t a n t C a s h i e r j Jos, R. H a r r i s , D i r e c t o r s .— Frank W . Hubbard, Jos. N. Rankin, James L. Burgess, Oscar Rogers, F. Langdon Hubbard. Statement, September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial .................................. Savings ............................................ Real estate m ortgages : Commercial .................................. Savings ............................................ Bonds and* securities : Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ...................... Exchanges for clearing house : Commercial .................................. Total cash on hand: Commercial .................................. Overdrafts ......................................... Banking house.................................. Furniture and fixtures................. Other real estate............................. Outside checks, and other cash i t e m s ................................................. Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $394,955 35 34,764 83 24,986 90 220,383 14 134,038 85 41,557 50 105,296 46 49,489 36 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Certified checks............................... Cashier’ s checks ............................. U. S. Government dep osits. . . . Savings deposits (book account) Savings certificates of deposit. $30,000 00 20,000 00 4,152 61 22,779 60 370,700 295,755 77 1,460 29,171 363,937 12,596 61 76 00 17 56 35 97 60,638 13 13,370 39 23,901 13 1.000 45 25,000 00 8.000 00 13,180 47 68 67 $1,150,631 63 Total $1,150,631 63 22 STATE BANKING DEPARTMENT No. 237. STATE SAVINGS B A N K OF BAD AX E, BAD A X E . Organized June 22, 1901. A lbert D i r e c t o r s .— E. S leeper, P r e s id e n t ; J a m e s B a l d w in , V ic e P r e s id e n t ; G o r d o n W a l k e r , A s s i s t a n t C a s h ie r . Ja ph e th H in d , C a sh ie r ; Albert E . Sleeper, James Baldwin, C . D . Thompson, Clara Baldwin, Japheth Hind. Statement, September 29, 1931. Resources. Liabilities Loans and discounts : Commercial .................................. Savings ......................................... Real estate m ortgages : Commercial .................................. S a v i n g s ............................................ Bonds and securities: Commercial .................................. Due from banks in reserve cities : Commercial .................................. S a v in g s ............................................ U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ...................... Exchanges for clearing house : Commercial .................................. Total cash on hand: Commercial .................................. Savings ............................................ Overdrafts ......................................... Banking h o u se.................................. Furniture and fixtures................. Other real e state............................. Customers’ bonds left w ith bank for safe keepin g.......................... T otal $238,995 18 45,540 00 15,309 18 155,145 17 117,618 73 41,715 35 8,737 98 12,500 00 Capital stock paid i n ................... Surplus f u n d .................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to c h e c k ................................................ Demand certificates of deposit. Certified checks............................... Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left w ith bank for safe keepin g........................... $25,000 00 12,500 00 2,813 10 4,655 12 180,674 111,754 70 230,316 114,511 97 06 00 15 99 15,800 00 3,874 91 13,098 5,286 151 8,750 1 ,500 14,073 06 26 29 00 00 28 15,800 00 ............................................ $698,095 39 T otal ............................................ $698,095 39 No. 757. LA K E COUNTY STATE BANK , BALDW IN. Organized August 27, 1928. C. W . M c P h a i l , P r e s i d e n t ; R . J. S m B D i r e c t o r s .— radford, it h J. I. , V ic e P r e s i d e n t ; H . J. H o l l i s t e r , F o s t e r , A s s is t a n t C a sh iers. C a sh ie r ; A . L. C. W . McPhail, R. J. Smith, H. J. Hollister, R. J. Bradford, Ray Trucks. Statement, September 29, 1931. Resources. Loans and discounts: Commercial .................................. S a v in g s ............................................ Real estate m o rtg ages: Commercial .................................. S a v in g s ............................................ Bonds and securities: Commercial .................................. S a v in g s ............................................ Due from banks in reserve cities : Commercial .................................. Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ...................... Total cash on hand: Commercial .................................. Savings ......................................... Overdrafts ......................................... Banking h o u se.................................. Furniture and fixtures................. Other real estate............................. Due from banks other than in reserve c itie s.................................. Customers’ bonds left w ith bank for safe keepin g........................... Outside checks, and other cash items ................................................. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities $135,423 02 19,216 75 1,600 00 109,302 52 19,041 50 61,761 44 36,464 19 3,500 00 Capital stock paid i n ................... Surplus fu n d .................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits, subject to check Demand certificates of deposit. Cashier’s checks............................... Due to other banks and bankers Savings deposits (book account) Customers’ bonds left With bank for safe k eepin g........................... $20,000 00 7,000 00 3,188 48 2,000 00 148 231 82 34,’ 390 76 6,872 77 2,388 75 211,731 95 51,450 00 20,050 OO 4,548 5,000 598 6,000 4,500 4,267 98 00 87 00 00 61 3,120 44 51,450 00 1,409 21 $487,254 53 T otal ............................................ $487,254 53 23 STATE BANKS OF MICHIGAN No. 337. THE STATE EXCHANGE BAN K , BANCROFT. Organized April 17, 1906. E. D E. H a r r is , i r e c t o r s .— P r e s id e n t; H P e a c h , V ic e P r e s id e n t ; B . S i m o n s o n , A s s i s t a n t C a s h ie r . enry W. B rockw ay, C a sh ie r ; J. B. Euler, E. E. Harris, Ira Hempsted, B. W . Brockway, Henry Peach, George C. Harder, Geo. W . Symes, Helen G. Parker, N. H. Blake. T. M. Statement, September 29, 1931. Liabilities Resources. Loans and discounts : Commercial .................................. Real estate m ortgages : Commercial .................................. Savings ........................................... Bonds and securities: Commercial .................................. S a v i n g s ............................................ Due from banks in reserve cities : Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ...................... T otal cash on hand : Commercial .................................. Overdrafts ......................................... Banking house.................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left With bank for safe keepin g........................... Outside checks, and other cash i t e m s ............................................. T otal ............................................ $57,021 21 1,950 00 49,379 76 26,000 OO 31,150 OO 12,914 15 4,606 34 Capital stock paid i n ................... Surplus fu n d .................................... Undivided profits, n e t................. Commercial deposits subject to check .............................................. Demand certificates of deposit. Savings deposits (book account) Savings certificates of deposit. Bills p ay ab le.................................... Customers’ bonds left With bank for safe k eepin g........................... $20,000 00 7,000 00 3,986 33 33,634 10 49,871 34 39,001 25 61,568 92 10,000 00 2,450 00 8,300 00 4,615 46 5,850 2,500 19,917 25 88 00 00 80 2,450 00 810 55 $227,511 94 T otal ............................................ $227,511 94 No. 62. WEST M ICHIGAN SAVINGS BAN K , BANGOR. Organized January 12, 1881. Ch as . E. C r o s s , P r e s i d e n t ; B. M. S h e r r o d , W C r o ss, C a sh ier; E D arl J. L m . B roadw ell, oveland, A ssista n t V ic e P r e s id e n t s ; C a s h ie r . O r r in N. i r e c t o r s .— W . M. Broadwell, B. M. Sherrod, W . L. Hamilton, Chas. E. Cross, Rebecca Fausnaugh, Lewis McKinney, F. A. Burger, Harry T. Bigelow, Orrin N. Cross. Statement, September 29, 1931. Resources. Loans and discounts : Commercial .................................. Savings ............................................ Real estate m ortgages : Commercial .................................. Savings ............................................ Bonds and securities: Commercial ............................... Savings ............................................ Due from banks in reserve cities : Commercial .................................. U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ...................... T otal cash on hand: Commercial .................................. Overdrafts ......................................... Banking house.................................. Furniture and fixtures................. Other real estate ............................. Outside checks, and other cash i t e m s ................................................ T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities $210,603 29 45,422 15 14,581 95 276,044 78 216,170 38 161,338 78 48,801 87 70,750 00 24,539 419 12,500 500 290 Capital stock paid i n ................... Surplus fu n d .................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to c h e c k ................................................ Demand certificates of deposit. Certified checks................................ Cashier’s checks............................... U. S. government d ep osits.......... Savings deposits (book account) Savings certificates of deposit. Club savings d ep osits................... $50,000 00 50,000 00 31,605 59 20,000 00 231,476 92 183,751 72 2 00 581 21 10,151 95 289,353 98 208,327 20 9,519 25 14 53 00 OO OO 2,807 95 $1,084,769 82 T otal $1,084,769 82 24 STATE BANKING D EPAR TM E N T No. 742. STATE SAVINGS BAN K , BANNISTER. Organized April 1, 1927. T. P. S t e a d m a n , P r e s i d e n t ; D i r e c t o r s .— W . A. O b e r l i n , V i c e P r e s i d e n t ; C. D. B a t e s , C a s h i e r j V e r a L. K e l l e y , A s s i s t a n t C a s h ie r . T. P. Steadman, C. D. Bates, W . A. Oberlin, W . S. Lusk, W . G. Ferris. Statement, September 29, 1931. Resources. Liabilities Loans and discounts : Commercial .................................. S a v in g s ............................................ Real estate m ortgages : Savings ........................................... Bonds and securities: Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... Total cash on hand : Commercial .................................. S a v in g s ............................................ Overdrafts ......................................... Banking house.................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping ........................ Total ............................................ $40,462 36 6,315 90 20,431 16 47,200 00 26,000 00 12,471 18 6,500 00 3,863 47 1,000 00 20 5.000 00 2,400 00 2 ,500 00 Capital stock paid i n ................... Surplus fu n d .................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s c h e c k s ............................. Savings deposits (book account) Bills p ay ab le.................................... Customers’ bonds left with bank for safe keeping ........................ $20,000 00 4,943 46 167 93 T otal ............................................ $185,544 27 1,202 10 27,091 55,495 332 55,866 9,646 07 53 12 06 00 11,400 OO 11,400 OO $185,544 27 No. 458. THE B A R K RIV ER STATE BANK , B A R K RIVER. Organized August 13, 1910. J. B . F r e c h e t t e , P r e s i d e n t ; D i r e c t o r s .— J. H . B o y l e , V i c e P r e s i d e n t ; "RIdR AT ANT A St .Q'l Q t f l Y) / C^. E. QTl 1 PY* J. B e r g m a n , C a s h i e r ; P . L. J. B. Frechette, J. H . B o y le /E . J. Bergman, Benj. E. Douglas, Sr., R. H . Labre. Statement, September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial .................................... $82,913 Savings ............................................ 22,307 Real estate m ortgages : Savings ............................................ 48,590 Bonds and securities : Savings .......................................... 31,000 Due from banks in reserve cities : Commercial .............................................72,580 Savings ............................................ 5,000 U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ....................... 15,200 T otal cash on hand : Commercial .................................... 5,878 Overdrafts .......................................... 412 Banking house ............................ 1,212 Furniture and fixtures................. 1,710 Other real estate............................. 4,795 Due from banks other than in reserve cities ............................ 3,822 T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 46 50 40 00 16 00 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................. Reserved for taxes, Interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ............................. Cashier’ s checks ............................. Savings deposits (book acc’t ) .. $20,000 00 30,000 00 7,303 53 266 98 87,947 04 17,610 55 3,875 00 555 i7 127 866 11 00 25 76 89 48 64 84 $295,424 38 Total $295,424 38 25 STATE BANKS OF MICHIGAN No. 394. THE BARRYTO N STATE SAYINGS BANK , BARRYTON. Organized March 9, 1908. W . T . L a fl i n . P r e s id e n t ; J a c o b O t t e r b e in , V ic e P r e s id e n t ; W D ir e c t o r s — ood, A ssista n t O. S. W ood, W. W. C a sh ier; C a s h ie r . J. E . Soper, O . S. Wood, Sr„ W . T . Laflin, Jacob Otterbein, O. S. Wood, J r . Statement, September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. Savings ............................................ Real estate m o rtg ages: Savings ............................................ Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings ............................................ Exchanges for clearing house: Savings ............................................ T otal cash on hand: Commercial .................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping............. $49,866 62 30,679 83 44,010 89 67,025 00 22,068 76 21,550 76 11,600 00 6,507 12 8,405 1,971 3,645 79 35 54 23 31 $25,000 12,500 3,947 93 00 00 38 75 2.000 00 76,162 1 229 100,373 47,036 04 00 25 94 72 8,450 00 8,450 00 $275,794 08 Total Capital stock paid i n ................. Surplus fund ................................. Undivided profits, n e t................. Dividends unpaid ........ .................. Reserved for taxes, interest, depreciation, etc............; ............ Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ............................. Savings deposits (book acc’t ) . . Savings certificates of deposit Customers’ bonds left with bank for safe keeping............ $275,794 08 Total No. 768. LAK E V IE W STATE B A N K OF BA TTLE CREEK, BATTLE CREEK. Organized October 11, 1929. L on J K a r c h er P r e s id e n t; G l e n n C r o ss, D ir e c t o r s — W J Smith, Lon J. Karcher, V i c e P r e s i d e n t ; J o h n D. P i c h i t i n o . C a s h ie r . J. C. Toeller, W . L. Smith, Burritt Hamilton, E. M. Marvin, L. J. Kuehnle, Glenn Cross. Statement, September 29, 1931. Liabilities. Resources. Loans and discounts : ' Commercial .................................... Savings ............................................ Real estate m ortgages : Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Savings ............................................ Overdrafts .......................................... Expenses, interest and taxes paid exceeding earn ings........ Furniture and fixtures................. Other assets ...................................... Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $53,528 24 39,503 00 9,700 00 187 63 4,590 77 3,198 88 1,889 21 2 58 Capital stock paid i n ................... Surplus fund .................................... Commercial deposits subject to check .......................................... Demand certificates of deposit. Cashier’s checks ........................... Industrial investment certifi cates ................................................ Savings deposits (book acc’t ) .. Club savings deposits ................. $25,000 00 5,000 00 31,904 91 2,473 74 624 62 911 10 40,369 41 15,313 57 5,543 14 3,402 58 51 32 $121,597 35 Total $121,597 35 26 STATE BANKING DEPARTMENT No. 43. *THE B A Y COUNTY SAYINGS BA N K , B A Y CITY. Organized February 1, 1884. Four Branches. . L. C l e m e n t s . P r e s i d e n t ; A. E. B o u s f i e l d , O. E. S o v e r e i g n , J o h n H o f f m a n , V i c e P r e s i d e n t s ; W . E. C a r t e r , V i c e P r e s i d e n t a n d M a n a g e r ; 6 . A. H e l m r e i c h , C a s h i e r ; W . S. D i c k e n , J o s . J . H a f f e y , A s s i s t a n t C a s h i e r s ; E. O. L i s t , A u d i t o r . D i r e c t o r s .— A. E. Bousfield, F. W . Bradley, E. S. Clark, C. F. Hutchins, W m . L. Clements, W m S. P. Cranage, W . E. Carter, O. E'. Sovereign, H. S. Smith, Geo. D. Jackson, F. B. W ard, M. W . Carroll, H. J. DeFoe, F. W . Atkins, W . R. W ells, J. Stanley See. Statement, September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................... $457,814 94 Savings .......................................... 440,735 38 Real estate m ortgages : Commercial .................................... 97,609 74 Savings ............................................ 881,378 01 Bonds and securities : Commercial ................................... 1,182,079 32 Savings ............................................ 1,791,817 67 Due from banks in reserve cities : Savings ............................................ 433,135 40 Ü. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ....................... 25,139 35 Exchanges for clearing house: 27,300 62 Commercial ................................. Total cash on hand : Commercial ................................. 109,106 52 Savings ............................................ 203,755 26 Overdrafts ........................................ 359 51 Banking house ............................ 161,960 47 Furniture and fixtures................. 52,446 76 Other real estate............................. 77,590 07 Customers’ bonds left with bank for safe keeping............... 93,150 00 Outside checks, and other cash items ................................................ 5,157 05 T otal ............................................ $6,040,536 07 Capital stock paid i n .................... Surplus fund .................................... Undivided profits, net ............... Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ............................... : .............. Demand certificates of deposit. Certified checks ............................. Cashier’s checks ............................. Due to other banks and bankers State moneys on d eposit.......... U. S. government dep osits.......... Savings deposits (book acc’t ) .. Savings certificates of deposit. Club savings dep osits................. Bills payable .................................... Customers’ bonds left with bank for safe keeping............... $400,000 200,000 61,806 126 00 00 28 00 84,635 41 904,358 34 199,407 14 2,774 44 10,246 95 4,509 48 75,000 00 10,725 00 3,589,396 06 100 00 98,115 01 306,185 96 93,150 00 T otal ............................................ $6,040,536 07 ♦Closed December 2, 1931. NORTHERN TITLE AND TRUST COMPANY, B A Y CITY. Organized March 24, 1919. J a m e s E . D a v id s o n , P r e s id e n t ; W m . F . J e n n is o n , M . S e t h B a b c o c k , V ic e P r e s id e n t s ; G e o . E . W e d t h o f f , S e c r e t a r y a n d T r e a s u r e r ; O . D . H i l l , T r u s t O fficer. i r e c t o r s .— James E . Davidson, W m . F. Jennison, Geo. E . Wedthoff, Howard L. Shaw, Jas. D R. Watrous, Geo. H . Young, W . O. Clift, F. C. Finkenstaedt, W alter N. Wrape, M. Seth Babcock, Charles L. Hess. Statement, September 29, 1931. Resources. Collateral lo a n s : Tim e ................................................ Demand .......................................... Loans on real estate m ortg ages: In office .......................................... W ith state treasurer............... B o n d s: In office .......................................... W ith state treasurer................. Due from approved reserve de positaries ........................................ Due from other banks and bankers .......................................... Outside checks and cash items Cash ...................................................... Advances to tru sts ......................... Stocks .................................................. Other investments ......................... Furniture and fixtures................. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $100 00 22,227 39 2,595 07 69,867 50 96,929 62 6,000 00 Capital stock paid i n ................. $150,000 00 Surplus fund .................................... 43,000 00 Undivided profits (less ex penses, interest and taxes paid) .................................................... 8,666 12 Reserve for taxes, etc................ 6,829 61 Trust deposits ................................. 44,364 54 Escrow deposits ............................. 1,500 00 Bills payable ................................... 26,000 00 7,164 16 1,577 11 76 6,856 15,974 50,980 1 58 10 02 01 50 32 00 $280,360 27 T otal .......................................... $280,360 27 27 STATE BANKS OF MICHIGAN No. 30. THE PEOPLES COMMERCIAL AND SAYINGS BA N K , B A Y CITY. Organized August 15, 1888. One Branch. J a m e s E. D a v i d s o n , P r e s i d e n t ; G uy H . M o u d t h r o p , J a s . R. T a n n e r ., V ic e P r e s i d e n t s ; J. RW a t r o u s ., V i c e P r e s i d e n t a n d C a s h i e r j C. H . C o o k , R. E. G r a v e s , G. H. W a t r o u s , A s s i s t a n t D 0 a s h/%6T*s t'i J. R. W atrous, Guy H . Moulthrop, J. A. Johnson, Geo B. Jennison James E. Davidson, James R. Tanner, C. H. Cook, F. C. Finkenstaedt, C. C W hitney, W . N. Wrape, Eugene H . Smith, G. A. Tomlinson, C. A. Bigelow, Charles Coryell, F. D. Johnson, A. ±1. Weber, Edward C. Davidson, J. C. Weadock. i r e c t o r s !— Statement, September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial .................................. $1,013,806 1,435,701 S a v in g s ........................................... Real estate m ortgages: 28,554 Commercial .................................. 991,351 Savings ......................................... Bonds and securities: 1,875,790 Commercial .................................. 3,379,200 Savings ......................................... Due from Federal Reserve bank : 151,267 Commercial .................................. 133,960 Savings ........................................... Due from banks in reserve cities : 60,701 Commercial .................................. 141,636 S a v in g s ........................................... Exchanges for clearing house: 20,852 Commercial .................................. T otal cash on hand: 112,318 Commercial .................................. 262,076 S a v i n g s ............................................ 1,634 Overdrafts ......................................... 147,000 Banking h o u se '............................. 9,400 Furniture and fixtures................. 42,206 Other real estate............................. Customers’ bonds left with bank 1,094,750 for safe keeping ........................ Outside checks, and other cash 2,703 i t e m s ................................................ 51,000 Stock of Federal Reserve bank Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 04 51 03 80 71 97 90 34 49 86 64 Capital stock paid i n ................... Surplus fu n d .................................... Undivided profits, n e t................. Dividends u n p a id.......................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers Time commercial certificates of deposit ........................................... Savings deposits (book account) Savings certificates of deposit. Bills payable .................................. Customers’ bonds left with bank for safe keeping ........................ Customers’ acceptances and letters of credit ......................... $500,000 00 1 , 000,000 1,977,251 7,927 26,339 101,762 20 92 96 200,000 00 1,094,750 00 276 21 00 19 00 Total 26 183,717 58 4,491,831 28 1,237,548 57 72 98 13 00 00 38 $10,955,973 69 00 134,520 71 48 00 $10,955,973 28 STATE BANKING D EPARTM EN T No. 513. *THE STATE B A N K OF BEAVERTON, BEAVERTON. Organized September 25, 1912. R onald D Ross, P r e s id e n t; i r e c t o r s .— L. D. W Ronald Ross, h i t e , V ic e P r e s id e n t ; D o n a l d G . R o s s , C a s h ie r ; M G a r d e n . A s s i s t a n t C a s h ie r . L . D. W h i t e , J. C . Musser, Donald G . Ross, A . E . Dann. ae J. Statement, September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m o rtg ages: Commercial ................................. Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial .................................... Exchanges for clearing house : Commercial ................................. Total cash on h a n d : Commercial .................................... Overdrafts .......................................... Expenses, interest and taxes paid exceeding earn ings........ Banking house ............................... fu rn itu re and fixtures................. Other real estate........................... Customers’ bonds left with bank for safe keeping............... Outside checks, and other cash items ................................................ T otal ............................................ $97,163 61 2,858 50 20,351 45 7,727 60 1,000 00 104 93 32 74 1,075 72 248 12 12,105 5,500 3,967 30,660 Capital stock paid i n ................... Surplus fund ................................. Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks ............................. Due to other banks and bankers Savings deposits (book acc’t ) .. Club savings d eposits................... Notes and bills rediscounted.. Bills payable ................................... Customers’ bonds left with bank for safe keeping............ $30,000 00 5,000 00 54,970 19,523 685 360 23,367 318 5,344 43,329 91 07 00 84 53 55 25 17 1,300 00 75 00 73 17 1,300 00 103 00 $184,199 32 Total $184,199 32 ♦Closed November 5, 1931. No. 347. THE BE LLA IR E STATE BAN K , BELLAIRE. Organized August 18, 1906. C. C. P o t t e r , P r e s i d e n t ; G. W . B e c h t o l d , V i c e P r e s i d e n t ; W . H . R i c h a r d s , C a s h i e r ; H. H . 'Rir.rTTTiVT.n 4 .QQiQf/Dlf n.Qh i P'V* i r e c t o r s .— G. W . Bechtold, W . H. Richards^ C. C. Potter, H. H. Bechtold, Maxi Bechtold. D Statement, September 29, 1931. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg age s: Commercial .................................... Savings ............................................ Bonds and securities: Commercial .................................... Savings ........ Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on hand: Commercial .................................... Savings ............................................ Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping............. Outside checks, and other cash items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $60,369 78 19,600 00 705 88 31,636 88 6,695 00 37,090 00 26,532 06 6,800 00 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks ............................. Savings deposits (book acc’t ) . Customers’ bonds left with bank for safe keeping............ $20,000 00 8,000 00 1,890 37 73,096 8,759 1,110 100,560 35 04 36 67 38,050 00 6,800 00 3,553 1,000 1 5,000 3,000 4,150 58 00 08 00 00 00 38,050 00 482 53 $251,466 79 T otal ............................................ $251,466 79 29 STATE BANKS OF MICHIGAN No. 527. THE PEOPLES STATE B A N K OF BE LLEVILLE. Organized January 24, 1913. u't? atvtk- t txt t CLARK, urmrtTr C ^ i r H pred en t m f E * I r v i n g H . R i g g s . V i c e P r e s i d e n t d n d A u d i t o r j F r a n k H. D S , CLARA C . K r e b s , A ad is ta n t C a s h i e r s ; G e n e v i e v e DiRECXORS^Franklin L. Robbe, Irving H. Riggs. Frank H . Clark, Jenny C. Wilson, Genevieve Clark. Statement, September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings ............................................ Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on hand : Commercial ...............•................. Savings .......................................... Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Other real estate........................... $109,386 6 ? 90,115 00 4,900 00 325,096 59 223,690 00 23,893 76 53,966 25 $25,000 00 50.000 00 2,818 01 109,278 2,804 612,063 84,553 25.000 5,000 95 70 12 64 00 00 19,150 00 16,317 54 27.000 00 2 61 10.000 00 6,000 00 7,000 00 $916,518 42 T otal Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................... Commercial deposits subject to check .......................................... Demand certificates of deposit. Savings deposits (book acc’t ) .. Savings certificates of deposit. Bills payable ................................. Other liabilities ............................. $916,518 42 Total No. 548. *THE BELLEVU E STATE BAN K , BELLEVUE. Organized April 16, 1914. F. A. B r o w n , P r e s i d e n t ; A l l e n H aven s, V ic e P r e s id e n t; C. D. K im b e r l y , C a sh ier; M. H . D i r e c t o r s — F. A. Brown, W . C. Dyer, Charles H. Legge. L. E. Haight, John Sharkey, Allen Havens, C. D. Kimberly, Volney O. Johnson, R. M. Fruin, R. R. Porter, Earl Kelly. Statement, September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................... Savings .......................................... Real estate m ortgages : Commercial ................................. Savings ............................................ Bonds and securities: Commercial ................................. Savings ................................. Due from banks in reserve cities : Commercial ................................. Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... Exchanges for clearing house : Commercial ................................. Total cash on hand : Commercial .................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Outside checks and other cash items ................................................ Total $115,239 66 45,459 41 6,316 00 80,648 78 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Commercial deposits subject to check ................................................ Demand certificates of deposit. Savings deposits (book acc’t ) .. $2 0,000 00 2 0,000 00 10,717 50 90,643 94 53,166 15 534,043 48 15,882 00 335,626 93 23,058 70 45,358 36 12,950 00 234 13 10,308 36 14.000 00 108 30 2 0.000 00 3,271 60 108 84 $728,571 07 Total $728,571 07 »February 21, 1931, The Farmers State Bank, Bellevue, consolidated with the Bellevue State Bank, Bellevue. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 80 STATE BANKING DEPARTMENT No. 219. *THE BENTON HARBOR STATE BA N K , BENTON HARBOR. Organized November 9, 1899. M. P. R e s c h , P r e s i d e n t j D . B. S u t h e r l a n d , F. L. B r a d f o r d , V i c e P r e s i d e n t s ; O. G. B r e w i t z , „ _ , C a s h i e r ; P . B . S e e l , A s s i s t a n t C a s h ie r . D i r e c t o r s .— C. A Conkey, L . P . Sutherland, P . L . Bradford, M . P . Reach. D . B. Sutherland, W m Wallace, E. C. Bowlby, I. W . Conkey, E. Leonard Smith, F. J. Cutler, J. N. Klock, O. G. Brewitz. Statement, September 29, 1931. Resources. $573,617 45 80,953 50 321,477 94 399,087 40 30,083 23 2,000 00 7,691 45 133,017 204 50,000 15,000 14,766 Capital stock paid i n ................. Surplus fund .................................. Undivided profits, n e t................. Commercial deposits subject to check .............................................. Demand certificates of deposit Certified checks ............................. U. S. government d ep osits. . . . Tim e commercial certificates of deposit ........................................... Savings deposits (book ac count) ............................................ Club savings deposits ............... Bills payable .................................. $100,000 75,000 34,551 465,084 20,451 807 301 234,342 528,377 15,482 153,500 2££ g êSSSê S3: Liabilities. Loans and discounts: Commercial ................................. Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Savings ............................................ Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ....................... Exchanges for clearing house : Commercial .................................... T otal cash on hand : Commercial .................................. Overdrafts .......................................... Banking house ............................ Furniture and fixtures................. Other real estate............................. 66 26 00 00 07 T otal ............................................ $1,627,898 96 T otal ............................................ $1,627,898 96 ♦Closed December 17, 1931. No. 416. THE BERRIEN SPRINGS STATE BAN K , BE RRIEN SPRINGS. Organized October 21, 1908. W m . HL S y l v e s t e r , V D P r e s i d e n t ; I r a R. S t e m m , B. P. G a r l a n d , V i c e P r e s i d e n t s ; G. L. V i c e P r e s i d e n t a n d C a s h i e r ; W . F. S h u l t z , A s s i s t a n t C a s h ie r . W m . H . Sylvester, Ira R. Stemm, James D. Boone, E. P. Garland, W m . E. Sheffield, J. N. Klock, Geo. R. Dater, G. L. Valentine, W m . H. Andrews. a l e n t in e , i r e c t o r s .— Statement, September 29, 1931. Resources. Loans and discounts : Commercial .................................. Savings ......................................... Real estate m ortgages : Commercial .................................. Savings ......................................... Bonds and securities: Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. Exchanges for clearing house: Commercial .................................. Total cash on hand : Commercial .................................. Savings ......................................... Overdrafts ....................................... Premium account ........................ Banking house ............................. Furniture and fixtures.............. Other real estate ........................... Outside checks, and other cash items .............................................. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $144,094 13 65,924 71 20,884 26 119,901 56 16,875 00 125,034 91 10,779 78 Capital stock paid i n .. $20,000 00 Surplus fund .................................. 20,000 00 Undivided profits, n e t. 6,481 32 Commercial deposits subject to check .............................................. 155,295 94 Demand certificates of deposit 50,304 34 Cashier’s checks ........................... 4,588 67 Savings deposits (book ac count) ............................................ 254,938 51 Savings certificates of deposit. 79,565 17 6,768 50 Club savings d ep osits. 62 37 33,868 45,000 529 1,422 8,900 1,450 1,722 36 00 34 30 00 00 06 1,493 67 $597,942 45 T otal ............................................ $507,942 45 31 STATE BANKS OF MICHIGAN No. 500. THE PEOPLES STATE BANK , BESSEMER. Organized March 22, 1912. Ch arles D E. S t e v e n s . P r e s i d e n t ; J. S t a n l e y R u m m a g e , V i c e P r e s i d e n t ; M. A. H a g e r m a n , C a s h i e r ; G. L. M a z a n e c , A s s i s t a n t C a s h i e r ; A. A. M a z a n e c , A u d i t o r . n Joseph Ochis, J. Stanley Rummage, M. A. Hagerman, A. A. Mazanec, cnas. E. Stevens. i r e c t o r s .— Statement, September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial .................................. Savings ......................................... Real estate m ortgages: Commercial .................................. Savings ......................................... Bonds and securities: Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... Exchanges for clearing house: Commercial .................................. T otal cash on hand : Commercial .................................. Savings ......................................... Overdrafts ....................................... Banking house ............................. Furniture and fixtures............... Other real estate.......................... Outside checks, and other cash items .............................................. Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Dividends unpaid ........................ Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check .............................................. Certified checks ............................. Cashier’s checks ........................... U. S. government d ep osits. . . . Savings deposits (book ac count) ........................................... Savings certificates of deposit. Club savings dep osits................. Notes and bills rediscounted.. Bills payable .................................. $108,046 87 136,378 11 2,347 08' 82,330 49 67,770 65 109,793 88 7,805 29 7,500 00 40,000 00 397 81 00 00 22 00 5,500 00 151,192 61 8 00 5,397 91 18,900 00 245,993 56,266 3,165 10,116 47,500 09 22 30 67 00 2 ,8 6 8 12 5,000 9 40,450 6,745 8,948 00 77 00 63 57 632 75 $627,025 02 Total $627,025 02 T otal $50,000 25,000 7,937 48 No. 536. THE CENTRAL STATE B A N K OF BENZONIA, BEULAH. Organized August 18, 1913. B. W H erbert D i r e c t o r s .— oodward, Herbert B. L. P r e s id e n t; F Woodward, Frank L. Orcutt, J. F. Munro. rank O rcutt, V ic e P r e s id e n t; Charles E. I r v in g Case, Irving P. P. Jo n es, Jones, Statement, September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................. Savings ......................................... Real estate m ortg age s: Commercial .................................. Savings ......................................... Bonds and securities: Commercial ............................... . Savings ......................................... Due from banks in reserve citie s: Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... Total cash on h a n d : Commercial .................................. Savings . . . ........................... .. Overdrafts ....................................... Banking house ............................. Furniture and fixtures............... Other real estate ........................... Customers’ bonds left w ith bank for safe keepin g........................ Outside checks, and other cash items .............................................. Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $64,339 71 9,000 00 3,324 37 60,310 97 51,516 00 117,200 OO 9,715 74 14,689 33 Capital stock paid i n ................. Surplus fund .................................. Undivided profits, n e t................. Dividends unpaid ........................ Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Cashier’ s checks ........................... Savings deposits (book ac count) .............................................. Savings certificates of deposit. Customers’ bonds left with bank for safe keeping ....................... $25,000 15,000 3,204 3,785 00 00 71 77 900 OO 98,938 97 1,291 44 155,970 68 48,698 66 57,200 00 700 OO 9,983 3.000 15 5.000 1,700 2,245 70 00 85 OO 00 43 57,200 00 49 13 $409,990 23 T otal $409,990 23 32 STATE BANKING D EPARTM EN T No. 259. BIG RAPIDS SAVINGS BANK, BIG RAPIDS. Organized March 18, 1902. W ’M. F. T u r n e r , P r e s i d e n t ; A. K. H a n c h e t t , J. E. B e r g e l i n , V i c e P r e s i d e n t s Tv „ M o r p o r d , C a s h i e r ; F . N . F o r d , A s s i s t a n t C a s h ie r . D i r e c t o r s .—-W m . F Turner, A. A. Worcester, Glenn Grieve, A. K. Hanchett, J. J. • J F rank Henderson, L. B. Hanchett, J. E. Bergelin, Roy C. Buck, R. V. Hanchett, Ed. Dresser. Statement, September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial .................................. Real estate m ortgages : Commercial .................................. Savings ......................................... Bonds and securities : Commercial .................................. Savings ......................................... Due from Federal Reserve bank : Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. T otal cash on hand : Commercial .................................. Savings ......................................... Overdrafts ....................................... ............................ Banking house Furniture andfixtures.................. Other real estate ............................. Customers’ bonds left with bank for safe keeping........................ Stock of Federal Reserve bank Trust department: Cash ................................................ Total ........................................... Capital stock paid i n ................... Surplus fund .................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc............................ Commercial deposits subject to „ check .............................................. Certified checks ............................. Cashier’s checks ........................... State moneys on d ep osit............ U. S. government d e p o s i t s .... Time commercial certificates of deposit ........................................... Savings deposits (book ac count) ........................................... Club savings dep osits................. Notes and bills rediscounted. . Bills payable .................................. Customers’ bonds left with bank for safe keeping........................ Other liabilities ............................. Trust departm ent: Trust deposits— totals .......... $346,649 13 8,043 64 132’ 391 19 198,000 00 182,200 00 15,860 76 27,000 00 63,718 53 30,261 16,155 83 50.000 11,000 4,448 86 22 58 00 00 00 21,400 (X) 3,000 00 $50,000 00 50,000 00 12,073 68 18,607 04 279,312 22 7,634 25,000 48,872 05 00 90 00 31 161,293 86 345,529 40 12,217 01 16,149 66 48,000 00 21,400 00 14,100 00 334 90 334 90 $1,110,546 81 T otal ............................................$1,110,546 81 No. 505. THE BIRCH RUN STATE BANK, BIRCH RUN. Organized June 13, 1912. C h a s . W o l o h a n , P r e s i d e n t j W m . P. M c G r e g o r , V i c e P r e s i d e n t j „ E d g a r P o e l l e t , A s s i s t a n t C a s h ie r . D i r e c t o r s .— Chas. Wolohan, Miles L. Hadsall, Herbert W alter, H. H erbert W alter C a sh ier • W illiam P. McGregor Alvin Totten. Statement, September 29, 1931. Resources. Loans and discounts: Commercial .................................. Savings ......................................... Real estate m ortgages : Commercial ........................ Savings ......................................... Bonds and securities: Savings ......... Due from banks in reserve cities : Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ...................... T otal cash on hand : Commercial .................................. Savings ......................................... Overdrafts ....................................... Banking house ............................. Furniture and fixtures.............. Other real estate .......................... Customers’ bonds left with bank for safe keeping ...................... Outside checks, and other cash items .............................................. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. Capital stock paid i n ................ $60,484 95 Surplus fund .................................. 52,204 41 Undivided profits, n e t ............... Reserved for taxes, interest, 3 08874 depreciation, etc.......................... 109 ,’ 39505 Commercial deposits subject to _ check .............................................. 71,050 00 Demand certificatesof deposit Certified checks ............................. 6 41350 Cashier’s checks ........................... 19’,160 88 Savings deposits (book ac count) ........................................... Customers’ bonds left with bank 450 OO for safe keeping .................. $25,000 00 12,500 OO 2,972 50 1,990 00 50,063 22,723 l 689 84 50 04 57 243,203 63 2,850 00 48361 6^000 00 H g 84 16,372 04 10,493 04 2 977 71 2 ,850 00 451 31 $361,994 08 Total $361,994 08 33 STATE BANKS OF MICHIGAN No. 749. *BIRM IN GHAM SAYINGS BAN K , BIRM INGHAM . Organized July 5, 1927. Ch D as . J. S h a in , J u d s o n B e a d w a y , C h a ir m a n o f t h e B o a r d . P r e s id e n t ; J o h n C. L a w s o n , V ic e P r e s id e n t ; L a w r e n c e C a s h i e r ; W a l t e r L . M o r e l a n d , A s s i s t a n t C a s h ie r . W . M a r t in d a l e , i r e c t o r s .— Seymour D. Adams, Harry Allen, Luther D. Allen, J. E. Burris, Judson Bradway, Robert W . Chissus, Rolla J. Coryell, John C. Lawson, Lawrence W . Martindale, Chas. J. Shain, James Vernor, Jr., James W . Taylor. Statement, September 29, 1931. Resources. Loans and discounts : Commercial .................................. Savings ......................................... Real estate m ortgages : Commercial .................................. Savings ......................................... Bonds and securities: Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... Exchanges for clearing house: Commercial .................................. T otal cash on hand : Commercial .................................. Overdrafts ......................................... Premium account ........................ Banking house ............................... Furniture and fixtures.............. Outside checks, and other cash items ................................................ Accrued interest, receivable (net) ................................................ Other assets .................................... Total Liabilities. $183,540 91 61,883 71 30,201 00 120,039 80 169,000 00 14,000 00 15,992 60 26,000 ÜÜ 617 61 27,018 228 2,575 91,391 12,946 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Demand certificates of deposit Certified checks ............................. Cashier’s checks ........................... Savings deposits (book ac count) ........................................... Savings certificates of deposit. Club savings d ep osits................. $200,000 00 50,000 00 6,715 91 7,147 65 185,715 100,000 1,027 2,511 01 00 52 86 152,854 32 56,524 25 5,688 25 56 87 61 93 09 3,966 01 7,535 22 746 85 $767,684 77 T otal $767,684 77 ♦December 28, 1931, The Birmingham Savings Bank merged with First National Bank, Birmingham. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 34 STATE BANKING D EPARTM EN T No. 481. THE BLANCHARD STATE BANK , BLANCHARD. Organized April 4, 1911. A D ndrew W . i r e c t o r s .— O rr, A P r e s id e n t; aron A mon, V ic e P r e s id e n t; C hester M cD o n ald , C a s h ie r . Andrew W . Orr, George Bilbrough, Aaron Amon, E . M. Orr, Chester McDonald. Statement, September 29, 1931. Resources. Loans and discounts: Commercial .................................. Savings .................................... Real estate m ortgages : Commercial .................................. Savings ......................................... Bonds and securities: Commercial .................................. Savings ......................................... Due from Federal Reserve bank : Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ....................... Exchanges for clearing house: Commercial .................................. Total cash on hand : Commercial .................................. Savings ......................................... Overdrafts ......................................... Banking house ............................ Furniture andfixtures.................. Other real estate............................. Stock of Federal Reserve bank Trust department : Cash ................................................ T otal ........................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $56,331 14 29,551 62 2,550 00 23,131 28 8,000 00 114,103 75 8,026 36 5,500 00 3,910 46 6,538 12 Capital stock paid i n ................. Surplus fund .................................. Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Cashier’s checks ............................. State moneys on d ep osit............ Time commercial certificates of deposit ........................................... Savings deposits (book ac count.) .............................................. Savings certificates of deposit. Trust department: T rust deposits— totals .......... $25,000 00 6,750 00 842 79 5,000 00 55,650 08 1,635 60 10,000 00 19,059 62 126,008 82 45,444 60 3,615 62 11,000 00 249 25 11,310 5,000 17 3,800 1,500 3,971 900 17 00 96 00 00 40 00 3,615 62 $299,007 13 T otal ........................................... $299,007 13 35 STATE BANKS OF M ICHIGAN No. 163. THE BLISSFTELD STATE BANK , BLISSFIELD. Organized April 25, 1893. W D R o t h f u s s , P r e s i d e n t ; E. A. B e a m e r , V i c e P r e s i d e n t j K. B. G l a s e r , V i c e P r e s i d e n t a n d C a s h i e r ; H . F . R o h r b a c k , A s s i s t a n t C a s h ie r . il l ia m i r e c t o r s .— W illiam Rothfuss, Bert McCormick, G. A. Hathaway, James G. H ill, Beamer, K. B. Glaser, H . F. Rohrback, C. A. Gilson, F. J. W ilt, W . E. Piter. E. A. Statement, September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial .................................. Savings ......................................... Real estate m ortgages : Commercial .................................. Savings ......................................... Bonds and securities: Savings ......................................... Due from Federal Reserve bank : Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. ......................................... Savings Exchanges for clearing house: Commercial Total cash on hand: Commercial .................................. Savings ......................................... Overdrafts ....................................... Premium account ........................ Banking house ............................... Furniture and fixtures.............. Other real estate .......................... Customers’ bonds left with bank for safe keepin g........................ Outside checks, and other cash items .............................................. Stock of Federal Reserve bank Other assets .................................... T o ta l.............................................. $195,043 88 63,260 97 2,975 00 255,949 73 85,668 53 20,000 00 71,039 43 11,901 41 12,402 40 121 30 9,931 20,000 276 617 31,816 12,750 7,851 Capital stock paid i n ................. Surplus fund ............................... ............ Undivided profits, net Commercial deposits subject to check .............................................. Cashier’s checks ........................ U. S. government deposits. . . . Time commercial certificates of deposit ........................................... Savings deposits (book ac ........................................... count) Club savings dep osits................. Notes and bills rediscounted . Customers’ bonds left with bank for safe keeping ...................... $50,000 00 35,000 00 7,809 58 112,578 41 1,019 93 7,000 00 109,764 64 439,810 83 1 0 ,9 6 1 7 5 49,353 17 102,150 00 71 00 86 39 00 00 00 102,150 00 367 70 2,400 00 18,925 00 $925,448 31 T o ta l.............................................. $925,448 31 No. 221. THE JIPSON-CARTER STATE BAN K , BLISSFIELD. Organized January 29, 1900. C ora D A. J i p s o n , P r e s i d e n t ; i r e c t o r s .— J a c o b G. B a u e r , V i c e P r e s i d e n t ; O l i n C . P i f e r , A s s i s t a n t C a s h ie r . H arold A. C r a n e , C a s h i e r ; Cora A. Jipson, C. E. Howland, J. C. Holt, J. J. Walper, R. M. Eccles, Jacob G. Bauer, John Ickler, W . H. Burns, T. G. Glaser, H. E. Morrow. Statement, September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................. Real estate m ortgages: Savings ......................................... Bonds and securities: Commercial .................................. Savings ......................................... Due from banks in reserve citie s: Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... Exchanges for clearing house: Savings ......................................... T otal cash on hand: Commercial .................................. Savings ......................................... Overdrafts ......................................... Premium account ......................... Banking house ............................... Furniture and fixtures.............. Customers’ bonds left with bank for safe keepin g........................ Other assets ............................. T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $154,741 51 238,414 04 4,000 00 579,886 69 57,253 41 120,812 36 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Commercial deposits subject to check .............................................. Cashier’s checks ........................... Savings deposits (book ac count) ........................................... Savings certificates of deposit Club savings d ep osits................. Customers’ bonds left with bank for safe k eepin g.......................... $50,000 00 50,000 00 24,828 94 176,415 83 344 42 747,497 93 175,667 22 6,144 31 101,500 00 2 0 ,0 0 0 00 319 01 10,000 28,430 178 5,030 8,000 2,750 00 67 58 38 00 00 101,500 00 1,082 00 $1,332,398 65 Total $1,332,398 65 36 STATE BANK ING D EPAR TM E N T No. 745. BLOOMFIELD H ILLS SAVINGS BA N K , BLOOMFIELD HILLS. Organized June 14, 1927. W D G. M o r l e y , P r e s i d e n t ; D uB ois Y o u n g , V i c e P r e s i d e n t ; D e l b e r t G e n e v i e v e L . W a h l , A s s i s t a n t C a s h ie r . alter C. M o r r i s , C a s h i e r ; i r e c t o r s .-— Manly D. Davis, Lynn D. Halsted, Elmer C. Huston, W alter G. Morley, Harry L. Wallace, DuBois Young, Frank L. Bromley, H . R. Roehm, Delbert C. Morris. Statement, September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Real estate m ortgages : Commercial .................................. Savings ......................................... Bonds and securities: Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... Total cash on hand : Commercial .................................. ......................................... Savings Furniture and fixtures.............. Other real estate........................... Due from banks other than in reserve cities ............................. T otal ............................................ $33,615 03 23,434 81 158,919 45 17,969 25 44,794 19 10,326 70 25,000 00 4,827 2,500 2,282 4,085 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ........................... Savings deposits (book ac count) ........................................... Savings certificates of deposit. Club savings dep osits................. $25,000 00 10,000 00 8,459 44 57,081 17 90 42 166 77 94,335 44 131,862 50 1,758 10 04 00 29 08 1 ,0 0 0 00 $328,753 84 Total ........................................... $328,753 84 No. 516. THE PEOPLES STATE BANK , BLOOMINGDALE. Organized July 9, 1912. E. A j l l e n , P r e s i d e n t ; A R uben D i r e c t o r s .— r t h u r B. W i g g i n s , V i c e P r e s i d e n t ; E l l i s S im o n , C a sh ier; E n a B. S i m o n , A s s i s t a n t C a s h ie r . Ruben E. Allen, Daniel M. Allen, L. A. Newcomb, Ellis Simon, Edwin J. Dayton, Arthur B. Wiggins. Statement, September 29, 1931. Resources. Loans and discou nts: Commercial .................................. Savings ......................................... Real estate m o rtg ages: Commercial .................................. Savings ......................................... Bonds and securities: ......................................... Savings Due from banks in reserve cities : Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as I P I T ill $99,837 86 19,229 60 8,531 00 66,946 04 98,915 00 15,066 11 8,730 40 rPQ PT V P * Savings dept, o n ly ................... Total cash on h a n d : Commercial .................................. Savings ......................................... Overdrafts ....................................... Premium account ........................ Banking house ............................... Furniture and fixtures.............. Other real estate ........................... Customers’ bonds left with bank for safe keeping......................... Outside checks, and other cash items ................................................ T otal Liabilities. ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11,200 00 1,415 93 3,000 00 309 77 88 96 8,200 OO 4,800 00 16,821 56 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to c h e c k ............ i .............................. Tim e commercial certificates of deposit ........................................... Savings deposits (book ac count) .............................................. Savings certificates of deposit Club savings d ep osits................. Customers’ bonds left with bank for safe k eep in g........................ $20,000 00 20,000 00 2,408 61 4,608 18 49,395 19 78,329 63 119,286 25 67,311 74 2,127 35 26,600 OO 26,600 00 374 72 $390,066 95 Total ........................................... $390,066 95 STATE BANKS OF MICHIGAN 37 No. 624. STATE B A N K OF BOYNE FALLS, BOYNE FALLS. Organized October 30, 1918. H e r m a n C. M e y e r , P r e s i d e n t ; D i r e c t o r s .— Herman C. Meyer, W . P. P o r t e r , V i c e P r e s i d e n t ; D a n E . H e r r i n g t o n , C a s h ie r . J. H. Porter, W m . A. Strobel, Roscoe Mackey, W m . H. Parks, S. T. Ulvund. Statement, September 29, 1931. Resources. Liabilities. Loans and discounts : Capital stock paid i n ................. Commercial .................................. $49,108 53 Surplus fund .................................. Savings ......................................... 1,500 00 Undivided profits, n e t................ Real estate m ortgages : Commercial deposits subject to Commercial .................................. 1,131 55 check .............................................. ......................................... 7,918 50 Savings Cashier’s checks .......................... Bonds and securities: Time commercial certificates of Savings ............................................... 26,020 00 deposit ........................................... Due from banks in reserve cities : Savings deposits (book ac Commercial ....................................... 20,454 13 count) .............................................. ......................................... 2,000 00 Savings Customers’ bonds left with bank T otal cash on hand : for safe k eepin g.......................... Commercial .................................. 3,899 54 Banking house ............................... 2,300 00 Furniture and fixtures.............. 1,900 00 Due from banks other than in reserve cities ............................. 6,910 78 Customers’ bonds left with bank 12,600 00 for safe keepin g.............................. Total ........................................... $135,743 03 Total $20,000 00 5,800 00 967 36 37,587 46 757 03 42,088 87 15,942 31 12,600 00 ........................................... $135,743 03 No. 436. THE FARM ERS STATE BA N K , BRECKENRIDGE. Organized April 21, 1909. A lex D i r e c t o r s .— Ch is h o l m , P r e sid e n t; R a l p h C a sh ier; H a m p t o n C. C h i s h o l m , V ic e P r e s id e n t ; R o b e r t J . S t r o u p e , J r ., A s s i s t a n t C a s h ie r . L. B a l d w in , Alex Chisholm, Robert L. Baldwin, C. K. Fox, Ralph C. Chisholm, B. L. Case, Frank Oberst Statement, September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................. Savings ......................................... Real estate m o rtg ages: Commercial .................................. ......................................... Savings Bonds and securities: Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... Total cash on h a n d : Commercial .................................. Overdrafts ......................................... Banking house ............................... Furniture and fixtu res.............. Other real estate............................. Customers’ bonds left with bank for safe keepin g........................ Outside checks, and other cash items .............................................. Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $158,047 07 45,554 99 13,663 80 114,464 88 72,400 00 59,000 00 18,219 94 16,400 00 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Commercial deposits subject to check .............................................. Demand certificates of deposit Cashier’s checks .......................... Savings deposits (book ac count) ............................................ Savings certificates of deposit. Bills payable .................................. Customers’ bonds left with bank for safe keeping ....................... $30,000 OO 15,000 00 5,323 65 92,483 85 119,615 46 2,632 94 233,443 35 11,148 49 31,500 00 7,100 00 13,200 00 10,836 9 12,500 3,800 2,733 27 95 00 00 34 7,100 00 317 50 $548,247 74 T otal $548,247 74 38 STATE BANKING D EPAR TM E N T No. 640. ^BRIDGEWATER SAYINGS BANK , BRIDGEW ATER. Organized M ay 7, 1919. G eo. D K lager, i r e c t o r s .— P r e s id e n t ; W m . S c h u m a c h e r , F red J. B l u m h a r d t , V ic e G r ü n e r , C a s h i e r ; D e l i a R e e d , A s s i s t a n t C a s h ie r . P r e s id e n ts ; L eo Geo. Klager, Jacob F. Bauer, W m . Schumacher, W m . Kuebler, Jacob Schaible, Fred J. Blumhardt, Jacob Renz. Statement, September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial .................................. Savings ......................................... Real estate m ortgages : Commercial .................................. Savings ......................................... Bonds and securities: Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... T otal cash on hand : Commercial .................................. Savings ......................................... Overdrafts ......................................... Banking house ............................... Customers’ bonds left with bank for safe keepin g........................ Other assets .................................... T otal ........................................... $41,503 08 10,050 00 5,150 00 21,600 13 27,500 00 123,860 00 4,551 05 12,883 14 Capital stock paid i n ................. Surplus fund .................................. Undivided profits, n e t................. Dividends unpaid ........................ Commercial deposits subject to check .............................................. Cashier’s checks ........................... Savings deposits (book ac count) ........................................... Savings certificates of deposit. Customers’ bonds left with bank for safe keeping ......................... $25,000 7,116 6,204 10 00 85 84 00 54,523 33 5 50 144,014 82 31,195 75 66,900 00 8,250 00 3,089 1,000 125 8,000 29 00 40 00 66,900 00 500 00 $334,971 09 $334,971 09 Total ■"Closed January 9, 1932. No. 776. •STATE SAVINGS BAN K , BRIDGM AN. Organized April 28, 1931. J. N. K lock, P r e s id e n t; G ustav A. Z i c k , S t a n l e y R. B a n y o n , V i c e P r e s i d e n t s ; T o rsten O h l s s o n , C a s h ie r . D i r e c t o r s .— J. N. Klock, Gustav A. Zick, Stanley R. Banyon, W illard J. Banyon, Torsten Ohlsson, Gustav H. Knaak, Jr., T. F. Glavin, George H . Vawter, Russell M. Boothby. Statement September 29, 1931. Resources. Loans and discou nts: Commercial .................................. Savings .......................................... Real estate m ortg age s: Savings ......................................... Bonds and securities: Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... T otal cash on h a n d : Commercial .................................. Premium account ..................... Expenses, interest and taxes paid exceeding e a r n i n g s .... Banking house ............................. Furniture and fixtures.............. Outside checks, and other cash items .............................................. Other assets ............................... T otal ............................................ Liabilities. $25,088 95 2,550 00 19,725 00 38,885 50 9,565 79 25,580 17 25,000 00 15,033 17 1,510 93 2,734 22 7,586 19 3,367 00 226 70 208 79 $177,062 41 ♦Commenced business May 23, 1931. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................ $20,000 00 Surplus fund ....................................... 10,000 00 Commercial deposits subject to check .................................................... 67,346 09 Cashier’s checks .......................... 4,704 44 Savings deposits (book ac count) .................................................... 44,478 14 Savings certificates of deposit. 30,533 74 T otal ........................................... $177,062 41 STATE BANKS OF M ICHIGAN 39 No. 452. THE BRIGHTON, STATE BANK, BRIGHTON. Organized April 6, 1910. D F. T. H y n e , P r e s i d e n t ; A. L. S m i t h , V i c e P r e s i d e n t ; R. O. N e w c o m b , C a s h ie r . F. T. Hyne, A. L. Smith, R. O. Newcomb, E. R. Hyne, D. W . Van Winkle, Oscar Schoenhals, H. P. Melius, J. A. Brady. i r e c t o r s .— Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial .................................. Real estate m ortgages : Savings ......................................... Bonds and securities : Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... Total cash on hand: Commercial .................................. Savings ......................................... Overdrafts ......................................... Banking house ............................... Furniture and fixtures................. Outside checks and other cash items .............................................. T otal ........................................... $49,888 21 56,642 96 43,107 10 128,339 06 61,377 41 35,868 60 7,037 14,577 77 8,384 2,500 07 36 46 05 00 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Certified checks ........................... Savings deposits (book ac count .............................................. Savings certificates of deposit. Club savings d ep osits................. $20,000 00 25,000 00 4,257 60 1 ,0 0 0 00 122,456 05 18 35 137,238 78 94,001 55 4,187 65 360 70 $408,159 98 Total ........................................... $408,159 98 No. 409. FIRST STATE SAVINGS BA N K , BRONSON. Organized M ay 1, 1908. F D rank Coward, J. E. W a t s o n , C h a i r m a n P r e s i d e n t j F. T. S h a f f m a s t e r , J. M o n r o e , C a s h i e r ; A l l e n J. R e n s h of th e B oa rd . e r n e r , V ic e P r e sid e n ts; , A s s i s t a n t C a s h ie r . F. W aw Guy W. Jesse Monroe, J. E. AVatson, Frank Coward, J. A. Sommer, J. H. Shaffmaster, F. T. Shaffmaster, A. G. Bushnell, E. J. McMahon, J. F. Werner, Charles Pixley. i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discou nts: Commercial .................................. Savings ......................................... Real estate m ortg age s: Savings ......................................... Bonds and securities: Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings .................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... Exchanges for clearing house: Commercial .................................. Total cash on h a n d : Commercial .................................. Overdrafts ....................................... Banking house ............................... Furniture and fixtures.............. Other real estate............................. Due from banks other than in reserve cities ............................. Customers’ bonds left with bank for safe keepin g........................ T otal ........................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $89,454 53 62,115 44 91,919 43 123,904 92 23,696 15 15,618 98 12,600 00 Capital stock paid in ................. Surplus fund .................................. Undivided profits, n e t................. Dividends unpaid ........................ Commercial deposits subject to check .............................................. State moneys on d ep osit............ Savings deposits (book ac count) ........................................... Savings certificates of deposit. Club savings d ep osits................. Customers’ bonds left with bank for safe keeping........................ $50,000 25,000 7,056 830 00 00 98 00 64,296 48 7,500 00 115,156 59 171,978 80 7,579 00 10,750 00 135 30 11,428 18 3,910 1,107 3,488 87 66 00 57 00 10,000 OO 10,750 00 $460,147 85 Total ............................................ $460,147 85 40 STATE BANKING DEPARTMENT No. 312. *THE BROO K LYN STATE BANK, BROOKLYN. Organized May 16, 1905. F rank _ D H . B r o w n , P r e s i d e n t ; W . T. P a r k e r , C h a s . T. G r e e n e , V i c e P r e s i d e n t s ; B . A . A y e r s , _ , C a s h i e r ; J e n n i e A . M i e r s , A s s i s t a n t C a s h ie r . David J. Boyce, W m . V. Roberson, Chas. T. Greene, Frank H. Brown, W . J. Neely, W . T. Parker, C. R. W atts, J. W . Pierce, B. A. Ayers. i r e c t o r s .— Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial .................................. Savings ......................................... Real estate m ortgages: Commercial .................................. Savings ......................................... Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ............................... Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ................... Total cash on hand: Commercial .................................. ......................................... Savings Overdrafts ....................................... Banking house ............................... Furniture and fixtures.............. Total ........................................... $138,627 73 25,572 65 7,875 00 89,387 73 49,500 00 34,482 81 16,347 86 Capital stock paid i n ................. Surplus fund ................................. Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Cashier’s checks ........................... Savings deposits (book ac ........................................... count) Savings certificates of deposit. $50,000 00 46,000 00 5,658 11 5,765 08 114,998 81 206 07 122,801 02 49,848 25 15,550 00 5,000 5,892 40 5,100 1,900 00 92 64 00 00 $395,277 34 T otal ............................................ $395 277 34 ♦October 6 , 1931, The Bank of Cement City, Cement City, merged with the Brooklyn State Bank, Brooklyn. No. 216. BROWN CITY SAVINGS BAN K , BROW N CITY. Organized May 26, 1899. E. S l e e p e r , P r e s i d e n t ; J o h n E. C a m p b e l l , L. A. H o w s e , V i c e P r e s i d e n t s ; E z r a W . P e p p e r , C a s h i e r ; J. L . K e a r n s , A s s i s t a n t C a s h ie r . Albert E. Sleeper, John E. Campbell, Sarah S. Kearns, L. H . Howse, D. C. Merrill, D. A. McKeith, M. L. Burkholder. A lbert D i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discou nts: Commercial .................................. Savings ......................................... Real estate m o rtg ages: Commercial .................................. Savings ......................................... Bonds and securities: Savings ......................................... Due from Federal Reserve bank : Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... Total cash on h a n d : Commercial .................................. Savings ......................................... Overdrafts ......................................... Banking house ............................... Furniture and fixtures.............. Other real estate ........................... Due from banks other than In reserve cities ............................. Customers’ bonds left with bank for safe keepin g........................ Outside checks, and other cash items Stock of Federal Reserve bank Other assets .................................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $132,027 64 7,059 73 7,411 32 72,135 19 94,950 00 11,170 67 8,039 62 22,677 55 4,272 12 6,510 6,000 52 15,000 4,755 22,047 Capital stock paid i n ......... $25,000 00 Surplus fund .................................. 6.000 00 Undivided profits, n e t....... 38 04 Commercial deposits subject to c h e c k ...................................... 93,628 41 Demand certificates of deposit. 4,319 05 Certified checks ............................. 10 40 Tim e commercial certificates of deposit ........................................... 95 852 72 Savings deposits (book ac count) .............................................. 191,668 07 Notes and bills rediscounted. . 4,437 10 Customers’ bonds left with bank for safe keepin g.............. 2,650 OO 51 00 89 00 00 82 2,500 00 2,650 OO 44 03 950 00 3,349 10 $423,603 79 T otal ............................................ $423,603 79 STATE BANKS OF MICHIGAN 41 No. 588. *BUCHANAN STATE BA N K , BUCHANAN. Organized November 25, 1916. M. L e e , P r e s i d e n t H enry D ir e c t o r s . j TT G e o r g e B. R i c h a r d s , V i c e P r e s i d e n t j C h a s . W . L a n d i s , A s s i s t a n t C a s h ie r . H erbert R oe, C a sh ier • Henry M. Lee, George B. Richards, Herbert Roe, W illiam J. Miller, Jesse G. Boyle. Chas. W . Landis. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial .................................. Real estate m ortgages : Savings ......................................... Bonds and securities : Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial . . . . : ...................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ...................... T otal cash on hand: Commercial .................................. Overdrafts ......................................... Banking house ............................. Furniture and fixtures.............. Other real estate........................... Total ........................................... $201,261 03 38,050 89 39,317 50 108,977 50 26.259 43 16,587 50 7,766 183 10,500 6,000 8,940 94 Capital stock paid i n ................... Surplus fund .................................. Dividends unpaid ........................ Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Demand certificatesof deposit. Cashier’s checks .......................... Savings deposits (book ac count) .............................................. Club savings d eposits................. Bills payable .................................. $40,000 00 15,200 00 16 00 7,183 58 148,287 71 74,602 07 5,004 77 121,958 28 8,591 45 43,000 00 07 00 00 00 $463,843 86 T otal ........................................... $463,843 86 ♦Closed October 16, 1931. No. 637. ^PEOPLES STATE BAN K , BUTTERNUT. Organized December 18, 1919. G eorge D W h it m o r e , i r e c t o r s .— P r e s i d e n t ; J o h n R. H u d s o n , V i c e P r e s i d e n t ; R u s s e l l G r e e n h o e , A s s i s t a n t C a s h ie r . I ra T r o w b r id g e , C a sh ie r ■ John R. Hudson, Byron Arntz, Geo. Whitmore, Z. D. Rule, T. C. Magee W alter Huyck. Statement September 29, 1931. Resources. Loans and discou nts: Commercial .................................. Savings ......................................... Real estate m o rtg ages: Commercial .................................. Savings ......................................... Bonds and securities: Savings ......................................... Due from banks in reserve citie s: Commercial .................................. U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... T otal cash on h a n d : Commercial .................................. Savings ......................................... Overdrafts ......................................... Banking house ............................. Furniture and fixtures.............. Other real estate .......................... Customers’ bonds left with bank for safe keepin g........................ Outside checks, and other cash items ............................................ T otal ............................................ ♦Closed December 28, 1931. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $67,227 06 14,919 39 1,247 00 16,353 90 13,035 00 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Commercial deposits subject to 19,048 c h e c k ............................. Demand certificates of deposit Cashier’s checks ........................... Savings deposits (book acro u n H 9,281 37 4,400 00 907 2,500 352 2,900 2,255 10,500 $20,000 00 6,000 00 1,080 50 88 31,380 90 126 03 97 Savings certificates of deposit. Bills payable .................................. Customers’ bonds left with bank for safe k eepin g........................ oq 2 8 i 163 75 13,000 00 6,600 00 77 OO 01 00 00 00 6,600 OO 274 79 $152,753 29 Total ............................................ $152,753 29 STATE BANKING DEPARTMENT 42 No. 313. THE STATE BA N K OF BYRON, BYRON. Organized June 7, 1905. J. C h a f f e e , P r e s i d e n t ; H B e t t ie D i r e c t o r s .— A l s t in e C. N i c h o l s , E . L. W o l f i n ., V i c e P r e s i d e n t s ; L . W . V a n A l s t i n e , A s s i s t a n t C a s h ie r . omer , C a sh ier; J. L. V a n J. L. Van Alstine, Bettie J. Chaffee, Millie D . Lee, E . L. Wolfin, Lettie Nichols, Homer C. Nichols, Agnes Foster. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial .................................. Savings ......................................... Real estate m ortgages : Commercial ................................. Savings ......................................... Bonds and securities : Commercial .................................. Savings .......................................... Due from banks in reserve cities : Commercial .................................. Savings .......................................... Total cash on hand: Commercial ................................. Savings ......................................... Overdrafts .................................... Banking house ............................... Furniture and fixtures.............. Other real estate........................... T otal ............................................ $25,451 14 5,000 00 13,040 18 61,088 72 16,000 00 55,400 00 7,821 61 13,000 00 1,760 4,499 7 2,000 3,000 2,400 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to c h e c k ................................................ Demand certificates of deposit. Savings deposits (book ac count) .............................................. Savings certificates of deposit. Bills payable ................................. $20,000 00 8,500 00 587 53 1,500 00 27,523 36 2,370 61 28,449 91 110,538 09 11,000 00 96 28 61 00 00 00 $210,469 50 T otal ........................................... $210,469 50 No. 673. BYRON CENTER STATE BA N K , BYRON CENTER. Organized October 27, 1920. S ie r d D A n d r in g a , i r e c t o r s .— P r e s id e n t ; D a n i e l B u r g e s s , V ic e P r e s id e n t ; F r a n k H u b e r t P e c k m a n , A s s i s t a n t C a s h ie r . W ie r e n g a , C a sh ier; Sierd Andringa, Paul J. France, Daniel Burgess, John Homrich, Peter Holleman. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................. Savings ......................................... Real estate m ortgages : Savings ......................................... Bonds and securities : Commercial .................................. Savings .......................................... Due from banks in reserve cities : Commercial .................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... T otal cash on hand : Commercial ........................... Savings .......................................... Banking house ............................... Furniture and fixtures.............. T o ta l.............................................. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $54,441 60 3,454 00 51,180 00 48,100 00 60,300 00 9,488 51 9,000 00 Capital stock paid i n ................. Surplus fund .................................. Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Cashier’s checks ........................... Savings deposits (book ac count) .............................................. Club savings d ep osits................. $25,000 00 8,500 00 1,696 13 5,962 70 42,626 37 59,571 78 1,053 36 103,973 11 966 75 1,350 00 2,090 3,000 3,355 3,590 16 00 87 06 $249,350 20 Total ........................................... $249,350 20 STATE BANKS OF MICHIGAN 43 No. 181. *THE CADILLAC STATE BANK , CADILLAC. Organized September 30, 1895. F r e d L. R e e d , P r e s i d e n t ; H e n r y K n o w l t o n , D i r e c t o r s .— W m L . Saunders, Joseph Murphy, V i c e P r e s i d e n t ; J a y J. V e l d m a n C a sh ier Fred L. Reed, C . F . W illiam s, C . A . Saunders' Geo. G. Brown, C. T. Mitchell, Henry Knowlton, Jno. P. Wilcox, J. C . Ford, M. L. W illiam s Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial .................................. Savings ......................................... Real estate m ortgages : Commercial ................................. Savings ......................................... Bonds and securities : Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ................... Exchanges for clearing house: Commercial .................................. Total cash on hand: Commercial .................................. Savings ......................................... Overdrafts ....................................... Banking house ............................. Furniture and fixtures.............. Other real estate............................. Total 866,029 84 525,602 62 36,939 91 330,443 13 177,469 25 435,449 51 122,413 91 4,933 54 133,600 OO 640 21 11,176 45,000 2,722 12,000 3,000 12,315 87 00 85 00 00 92 $2,719,737 56 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Dividends unpaid ........................ Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers. Savings deposits (book ac counts) ............................................ Savings certificates of deposit. Club savings d ep osits................. Notes and bills rediscounted.. Bills payable .................................. Total $150,000 100,000 46,146 36 00 00 08 00 81,855 81 3 5 0 ,6 9 8 2 2 305,870 44 190 69 4,837 43 98,470 72 1,313,004 102,729 30,897 35,000 100,000 30 94 93 00 00 $2,719,737 56 _ .aM*,July 3 1 > 1931> The American State Bank, Cadillac, merged with the Cadillac State Bank, Cadillac. ’ No. 261. *THE PEOPLES SAVINGS BAN K , CADILLAC. Organized April 20, 1902. E. J. H a y n e s , P r e s i d e n t ; P e r r y F. P o w e r s , S r ., G e o r g e C h a p m a n , V i c e P r e s i d e n t s • A C h a p m a n , C a sh ier; H D ir e c t o r s . arry G. C h a p m a n , A ssista n t G C a s h ie r . E. J. Haynes, A. G. Chapman, A. W . Johnstone, George Chapman, Perry F. Powers, Sr., A. W . Penny, Harry G. Chapman. Statement September 29, 1931. Resources. Loans and discounts: Commercial ............................. Savings ......................................... Real estate m ortgages : Savings ......................................... Bonds and securities : Savings ......................................... Due from banks in reserve cities Commercial ...................... Savings .................................. Exchanges for clearing house: Commercial .................................. Total cash on hand: Commercial .................................. Savings ......................................... Overdrafts ......................................... Banking house ............................... Furniture and fixtures.............. Other real estate.......................... Outside checks, and other cash items ................................................ Liabilities. $484,262 10 96.758 49 375,080 97 118,568 OO 38,459 75 50,562 20 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1 00,000 00 30.000 00 39,017 20 341,097 45 447,683 53 209,433 08 66.000 OO 2,272 93 8,579 15,000 897 33,500 81 00 30 00 2 ,0 0 0 00 5,306 OO 1,983 71 T otal ............................................ $1,233,231 26 ■"Closed October 21, 1931. Capital stock paid i n ................. Surplus fund ............................. Undivided profits, n e t .............. Commercial deposits subject to check ..................................... Savings deposits (book ac count) .......................... Savings certificates of deposit. Bills payable .................................. T otal ....................................... $1,233,231 26 STATE BANKING DEPARTMENT 44 No. 87. M ERCHANTS AND M INERS BA N K , CALUMET. Organized August 7, 1873. Two Branches. G o r d o n R. C a m p b e l l , C h a ir m a n o f t h e B o a r d . J . K o h l h a a s , P r e s i d e n t ; N o r m a n M a c d o n a l d , E . H . M a n g e r , V i c e P r e s i d e n t s ; W . G. C u d l ip , C a s h ie r ; W a l t e r E d w a r d s , E dgar J o h n s o n , A ssista n t C a sh ie r sj J a m e s T . F is h e r , T r u s t O ffic e r ; W a l t e r E d w a r d s , M a n a g e r S ix th S tr e e t B r a n c h ; J o h n I l e n i c h , A s s is ta n t M a n a g e r S i x t h S t r e e t B r a n c h ; E d w a r d P . B a s t , M a n a g e r L a u r i u m B r a n c h ; J o s e p h D. T h u r m e s , A s s is ta n t M a n a g e r L a u riu m B ra n ch . D i r e c t o r s .-— Gordon R. Campbell, Frank J. Kohlhaas, Herman Haas, Edward M. Lieblein, F rank Norman Macdonald, Peter E. Ruppe, W . H . Thielman, James E. Fisher, John Vertin. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial .................................. $1,521,672 Real estate m ortgages : 90,874 Commercial .................................. Bonds and securities : 1,930,338 Commercial ................................. Due from banks in reserve cities : Commercial .................................. 2,985,940 Exchanges for clearing house : 10,998 Commercial .................................. Total cash on hand : 231,302 Commercial .................................. 159 Overdrafts ....................................... 101,848 Banking house ............................... 16,000 Furniture and fixtu res.............. 14,914 Other real estate ............................. Due from banks other than in 10,809 reserve cities ............................. T rust department: 25,214 Securities ....................................... 49 94 92 73 74 70 69 34 00 89 $300,000 300,000 287,225 120 805 00 00 49 00 00 5,718,993 11,650 376 9,300 6,340 38 22 06 97 98 280,719 33 7,795 50 16,748 64 75 38 $6,940,075 57 Total Capital stock paid i n ............ Surplus fund .................................. Undivided profits, n e t................. Dividends unpaid ........................ Reserve fu n d ...................................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Certified checks ............................. Cashier’s checks .......................... Due to other banks and bankers Time commercial certificates of deposit ........................................... Club savings dep osits................. Trust department: Trust deposits— totals .......... T otal $6,940,075 57 No. 320. THE FIRST STATE BA N K , CAMDEN. Organized August 24, 1905. B. R. A lward, D P r e s id e n t; i r e c t o r s .— J. A. B a t e s , V i c e P r e s i d e n t ; Z. M. S w if t , C a sh ier; E. E. B u n c e , B. R. Alward, J. A. Bates, Z. M. Swift, B. S. Alward, Kay Rice. Statement September 29, 1931. Liabilities. Resources. T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . Loans and discounts: Commercial .................................. Savings ......................................... Real estate m ortg a g e s: Savings ......................................... Bonds and securities: Commercial .................................. Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... Total cash on h a n d : Commercial .................................. Savings ......................................... Overdrafts ......................................... Banking house ............................... Furniture and fixtu res.............. Other real estate ........................... Customers’ bonds left with bank for safe keepin g........................... Outside checks, and other cash items .............................................. Capital stock paid i n $20,000 Surplus fund .................................. Undivided profits, n e t. 2,945 Commercial deposits subject to check .............................................. Demand certificates of deposit. Cashier’ s checks ........................... Savings deposits (book ac count) .............................................. Savings certificates of deposit. Customers’ bonds left with bank for safe k eeping....... 14,000 $64,194 67 13,458 71 41,131 62 102,298 10 90,857 54 28,420 02 10,408 59 00 10,000 00 14 44,551 54 134,325 92 355 64 83,791 90 90,143 65 00 17,823 89 10,092 500 46 2,051 1,058 3,750 31 OO 75 35 09 00 14,000 00 22 15 $400,113 79 T otal $400,113 79 STATE BANKS OF M ICHIGAN 45 No. 208. CAPAC STATE SAYINGS BAN K , CAPAC. Organized June 5, 1898. C. S i UOe l , P r e s i d e n t ; A l b e r t T o s c h , C a s h i e r ; N. H. B r e n n a n , S m i t h Lincoln Avery, Alva Leach, O. A. C. W atson, Elmer Lang, H erbert D i r e c t o r s .— O. A. P r e y , V i c e P r e s i d e n t s ; W . C. S i e g e l , P o w e r s , A s s is t a n t C a sh iers Prey, Albert Tosch, Herbert C. Siegel, Geo. Norman H . Brennan. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial .................................. S a v i n g s ........................................... Real estate m ortg age s: Commercial .................................. Savings .......................................... Bonds and securities: Savings ......................................... Due from banks in reserve citie s: Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ...................... Total cash on hand: Commercial .................................. S a v in g s ............................................ Overdrafts ......................................... Banking h o u se.................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left w ith bank for safe keepin g.......................... Outside checks, and other cash i t e m s ................................................. Total ............................................ $140,731 56 26,071 39 3,350 00 142,626 72 154,955 75 37,674 49 35,000 00 Capital stock paid i n ................. Surplus fu n d .................................... Undivided profits, n e t................. Dividends unpaid ........................ Commercial deposits subject to c h e c k ................................................ Demand certificates of deposit. Cashier’s c h e c k s ............................. Savings deposits (book account) Customers’ bonds left w ith bank for safe k eepin g........................... $20,000 10,000 14,875 250 00 00 52 00 101,921 78,830 1,130 364,471 51 70 36 68 4,350 OO 10,550 00 13,288 267 125 6,000 2,000 18,812 94 82 08 00 00 02 4,350 00 26 00 $595,829 77 T otal ............................................ $595,829 77 No. 303. STATE SAVINGS B A N K OF CARLETON, CARLETON. Organized December 1, 1904. C. M a x w C a sh ier; A E d w in D i r e c t o r s .— ell , P r e s i d e n t ; E d w a r d P. K a h l b a u m , V i c e P r e s i d e n t ; R. J. M c C o r m D . W o o d w a r d , A s s is ta n t C a s h ie r ; H a r r y S. G e r m a n , A u d ito r . ic k , ndrew Edwin C. Maxwell, J. Edward Ready, Harry S. German, R. J. McCormick, Edw. F. Kahlbaum, Ralph A. Lucke. Statement September 29, 1931. Resources. Loans and discou nts: Commercial .................................. Savings ............................................ Real estate m ortg age s: Commercial .................................. ......................................... Savings Bonds and securities: Savings ......................................... Due from banks in reserve cities : Commercial .................................. Savings ........................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ...................... Total cash on hand: Commercial .................................. Banking house ............................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left w ith bank for safe keepin g........................... Outside checks, and other cash items ................................................ T otal ........................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $112,577 39 14,704 00 5,231 30 229,358 12 25,165 85 902 30 13,268 13 12,050 00 10,055 10,380 4,275 7,142 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................. Commercial deposits subject to check .............................................. Demand certificates of deposit. Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit. Club savings dep osits................... Customers’ bonds left with bank for safe k eep in g........................... Other liabilities ............................. $20,000 00 20,000 00 33,305 65 62,330 66 24,045 31 1,483 37 246,069 69 34,974 84 2,308 66 3,500 00 850 00 59 00 00 26 3,500 00 258 24 $448,868 18 T otal ............................................ $448,868 18 STATE BANKING D EPAR TM E N T 46 No. 525. THE PEOPLES STATE BA N K OF CARO, CARO. Organized November 11, 1912. Joseph D H. B i r e c t o r s .— eckton , P r e s id e n t ; A l b e r t O. P u r d y , C a r l S ie l a n d , V ic e P r e s id e n ts ; R . P a r k , C a s h i e r ; H . H . P u r d y , A s s i s t a n t C a s h ie r . Joseph H . Beckton, Albert .0 . Purdy, Carl Sieland, Samuel Park, Jr., D. Healy Clark, Alfred J. Purdy. R. Park, Sa m u e l Robert Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................. Savings ............................................ Real estate m o rtg ages: Savings ............................................ Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial .................................. Savings ......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ...................... Exchanges for clearing house: Savings ......................................... T otal cash on h a n d : Commercial .................................. Savings ............................................ Overdrafts ......................................... Banking house ............................... Other real estate ........................... Customers’ bonds left with bank for safe keepin g........................... $85,259 08 60,326 99 335,799 86 110,000 00 234,000 00 113,621 42 45,000 00 $40,000 00 40,000 00 13,114 38 246,151 407 4 241 521,034 235,816 32 62 00 20 84 61 223,450 00 50,400 00 2,514 46 286 95 30,485 54 75 67 12 ,0 0 0 00 17,000 00 223,450 00 $1,320,219 97 Total Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ............................. Cashier’s checks ............................. Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left in bank for safe keepin g.......................... $1,320,219 97 Total No. 72. STATE B A N K OF CARSON CITY, CARSON CITY. Organized February 14, 1887. I ra D Cum m in g s , i r e c t o r s .— P r e s id e n t; E. D . L y o n , V ic e P r e s id e n t ; B H a r d e n , A s s i s t a n t C a s h ie r . ess E. Som ers, C a sh ier; C lare J. W . H allett, Ira Cummings, G. K. Daniels, Bess E. Somers, E. D. Lyon, Bernard Miller, Roy E. Warner. Statement September 29, 1931. Resources. Loans and discounts : Commercial .................................. Real estate m ortgages : Commercial .................................. Bonds and securities : Commercial .................................. Savings ............................................ Due from banks in reserve cities : Commercial .................................. Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ...................... T otal cash on hand: Commercial .................................. Savings ......................................... Banking house ............................... Furniture and fixtures................. Other real e sta te ............................. Outside checks, and other cash items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $123,898 33 137,038 47 27,161 00 163,502 46 11,476 52 1,267 73 Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Commercial deposits subject to check Demand certificates of deposit. State moneys on d ep osit............ Savings deposits (book account) Savings certificates of deposit. $50,000 00 13,300 00 7,536 23 T otal ............................................ $564,591 72 57 366 81,921 5,000 267,834 81,632 11 92 00 59 87 45,658 80 8,365 2,000 28,989 12,011 2,810 49 00 78 02 00 412 12 $564,591 72 STATE BANKS OF M ICHIGAN 47 No. 234. EXCHANGE STATE BAN K , CARSONVILLE. Organized June 18, 1901. D a v id D C r o r e y ., P r e s i d e n t ; W . C a sh ie r ; H . i r e c t o r s .— C. V i v i a n , W . J. M c C a r e n , V i c e P r e s i d e n t s ; F r a n k . C . C r o r e y , L. V i v i a n , F. D. M c C a r e n , A s s i s t a n t C a s h ie r s . David Crorey, W . J. McCaren, Frank C. Crorey, W . C. Vivian, Jam.es Trigger, H . Ashton Ruttle. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortg age s: Commercial .................................... Savings ............................................ Bonds and securities: Commercial ................................. Savings ............................................ Due from banks in reserve cities : Commercial ................................. Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping .......... Total ............................................ $139,839 40 47,800 98 14,335 60 118,950 41 44,000 00 38,000 00 33,074 54 16,067 14 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks ........................... Savings deposits (book acc’t ) .. Savings certificates of deposit. Customers’ bonds left with bank for safe keeping.......... Other liabilities ............................. $25,000 00 7,500 00 4,859 01 90,619 105,297 550 65,183 199,160 84 16 Ó1 01 23 19,600 00 2,240 00 24,250 00 7,597 3,000 326 2,750 2,000 8,416 92 00 74 00 00 53 19,600 00 Total $520,009 26 $520,009 26 No. 680. CASS CITY STATE BANK , CASS CITY. Organized June 10, 1921. M. B. A D uten, i r e c t o r s .— P r e sid e n t; G. A. T i n d a l e , V i c e P r e s i d e n t ; C. C a t h c a r t , A s s is t a n t C a sh ier. M. W allace, C a sh ier; H ester B. F. Benkelman, A. J. Knapp, John A. Sandham, M. B. Auten, G. A. Tindale. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings .......................................... T otal cash on hand : Commercial ................................. Banking house ............................... Customers’ bonds left with bank for safe keeping............. Stock of Federal Reserve bank T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $58,734 61 100,000 00 5,875 89 151,941 42 146,000 00 10,000 00 27,846 50 2,632 03 2,131 36 $40,000 Capital stock paid i n . Surplus fund ................................... Undivided profits, n e t. 10,865 Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified check« ............................. Cashier’s checks ............................. Savings deposits (book account) Savings certificates of deposit. Notes and bills rediscounted.. Customers’ bonds left with bank for safe keeping............. 00 20,000 00 62 72,691 28 5,654 33 531 00 1,086 82 284,794 39 73,406 62 15,664 19 47,150 Q0 14,732 44 3,000 00 47,150 00 1,800 00 $571,844 25 T otal ............................................ $571,844 25 STATE BANKING D EPAR TM E N T 48 No. 671. P IN N E Y STATE BAN K , CASS CITY. Organized January 12, 1921. F r e d e r ic k D H. P i n n e y , P r e s i d e n t ; H. F. L e n z n e r , V i c e P r e s i d e n t ; E r n e s t C r o f t , C a s h i e r ; J. C . M c R a e , D . W . B e n k e l m a n , A s s i s t a n t C a s h ie r s . Elizabeth E. Pinney, Frederick H . Pinney, Herbert F. Lenzner, P. A. Schenck, G. H . Burke. i r e c t o r s .— Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Savings ............................................ Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Savings .......................................... Due from Federal Reserve bank : Commercial .................................. Savings ...................... Due from banks in reserve cities : Commercial ................................. T otal cash on hand: Commercial .................................... Savings .......................................... Overdrafts ........................................ Banking house .......................... Other real estate................... Customers’ bonds left with bank for safe keeping............... Outside checks, and other cash items ................................................ Stock of FederalReserve bank Trust department : Due from banks in reserve cities T otal ............................................ $113,722 20 41,755 50 1,300 00 166,684 44 325,800 00 5,256 92 20,000 00 49,502 04 5,515 10,000 1 2,500 1,000 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Commercial deposits subject to check .............................................. Demand certificates of deposit Cashier’s checks ............................. Savings deposits (book acc’t ) .. Savings certificates of deposit. . Customers’ bonds left with bank for safe keeping............ Trust department: Trust deposits— totals .......... $50,000 00 25,000 00 8,375 24 T otal ............................................ $824,075 91 81,135 71 6,696 50 428 82 333,199 26 240,651 46 76,756 00 1,832 92 93 00 37 00 00 76,756 00 248 59 2,200 00 1,832 92 $824,075 91 No. 421. THE GASS COUNTY STATE BAN K , CASSOPOLIS. Organized August 27, 1908. E r ic k D i r e c t r s .-— Low it z , P r e s id e n t; St e p h e n ecker C a sh ier; C lyde D I. R u d d , W . C . M c C u t c h e o n , V i c e P r e s i d e n t s ; W L . C o r b it , E s t h e r B r o w n , A s s is t a n t C a sh iers. il s o n B. Elick Lowitz, Stephen I. Rudd, U. S. Eby, R. F. Peck, J. F. Hayden, W ilson B. Decker, W. C. McCutcheon. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings ............................................ Real estate m ortgages : Commercial ................................. Savings ......................................... Bonds and securities : Commercial .................................... Savings .......................................... Due from Federal Reserve bank : Commercial .................................... Savings .......................................... Due from banks in reserve cities : Commercial ................................. Exchanges for clearing house : Commercial ................................. Total cash on hand: Commercial ................................. Savings ............................................ Overdrafts ....................... ................ Banking house ............................... Furniture and fixtures................. Other real estate.......................; ■• Customers’ bonds left with bank for safe keeping............. Outside checks, and other cash items ................................................ Stock of Federal Reserve bank Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $212,583 74 991 95 18,534 00 92,427 18 24,933 75 46,075 00 14,034 55 10,000 00 3,029 08 544 41 7,739 280 435 5,700 700 7,252 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................... Reserved for taxes, interest, depreciation, etc. ....................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Cashier’s checks ........................... Tim e commercial certificates of deposit ............................................ Savings deposits (book acc’t ) .. Savings certificates of deposit. Notes and bills rediscounted.. Customers’ bonds left with bank for safe k eeping............ $40,000 00 17,500 00 6,498 07 1,500 00 85,566 16 806 87 530 65 141,414 135,271 14,503 3,520 24 11 20 00 7,050 00 78 18 35 00 00 90 7,050 00 98 43 1,750 00 $454,160 30 T otal $454,160 30 49 STATE BANKS OF MICHIGAN No. 537. THE STATE B A N K OF CEDAR, CEDAR. Organized M ay 10, 1913. G eorge D A. M i r e c t o r s .— ason, P r e s i d e n t ; A . E. B e l l i n g e r , J. C . V l a c k , V i c e P r e s i d e n t s ; S b o n e k , C a s h i e r ; C h a s . K u c e r a , A s s i s t a n t C a s h ie r . George A. Mason, Elmer Billman, A . F rank. E. E. Bellinger, S. R. Burke, J. C . Vlack. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................... Savings .......................................... Real estate m ortgages : Commercial ................................... Savings .......................................... Bonds and securities: Commercial .................................... Savings .......................................... Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as lp p -fl l $66,861 65 39,671 16 3,100 00 82,690 32 28,892 80 85,050 00 13,868 70 14,500 00 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks ............................. Savings deposits (book acc’t ) .. Bills payable .................................... Customers’ bonds left with bank for safe keeping............. $20,000 00 7,600 00 1,279 36 T otal ............................................ $404,484 03 14,436 68 39,835 64,141 941 216,449 8,000 56 07 40 96 00 31,800 00 fP Q A T V P ‘ Savings dept, o n ly ...................... T otal cash on hand : Commercial ................................. Savings ............................................ Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping............ Outside checks, and other cash items ................................................ T otal ............................................ 5,850 00 1,626 6,500 308 10,000 3,600 10,103 36 00 24 00 00 55 31,800 00 61 25 $404,484 03 No. 581. CEDAR SPRINGS STATE BANK , CEDAR SPRINGS. Organized April 4, 1916. H erbert D i r e c t o r s .— W. W heeler, P r e s id e n t; G eo . F . F urner, V ic e P r e s id e n t ; L ee G r is w o l d , C a s h i e r ; D. D. D a v i s , A s s i s t a n t C a s h ie r . George F. Furner, Lee Griswold, Donald J. Remer, Herbert W . Wheeler, D. D. Davis, Laverne Hubbard. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................... Savings ............................................ Real estate m o rtg ages: Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ....................... Total cash on h a n d : Commercial .................................... Savings ............................................ Overdrafts ........................................ Banking house ............................ Furniture and fixtures................... Other real estate............................. Customers’ bonds left with bank for safe keeping................. Outside checks, and other cash items ................................................. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $64,872 94 56,004 04 1,750 00 125,404 29 38,298 40 80,850 68 14.145 79 35,700 00 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Savings deposits (book acc’t ) . Savings certificates of deposit. Club savings dep osits................. Customers’ bonds left with bank for safe keeping............. $20,000 00 12,000 00 371 87 T otal ............................................ $479,671 79 97,513 13 27,568 08 96,512 15 212,794 11 612 45 12,300 00 8,100 00 4,726 6,430 213 14,447 5,217 11,196 45 00 81 11 19 64 12,300 00 14 45 $479,671 79 50 STATE BANKING D EPAR TM E N T No. 665. *BA N K OF CEMENT CITY, CEMENT CITY. Organized August 4, 1920. J o h n S. F l i n t , P r e s i d e n t ; E r v i n L e w i s , V i c e P r e s i d e n t ; M a b e l P a r k e r , ta -r M yer s , A s s i s t a n t C a s h ie r . D ir e c t o r s . John S. Flint Norman W . Birdsall, Earl J. Wilson, L. W . B w ’ Jame* ° ' W heat° n’ G‘ M C a sh ier; Burroughs B^ e , in n ie Ervin ™ a m 0° Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Real estate m ortgages : Commercial ................................... Bonds and securities: Commercial ................... Sayings . . ........................... ..'.I Due from banks in reserve cities : Commercial ....................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on hand: Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Customers’ bonds left with bank for safe keeping............ T otal .......................................... State* Bank 6 Brooklyn1’ $27,025 48 12,404 01 17 811 25 16’,843 26 7 m o 04 4,569 69 1,805 80 1,022 17 30 72 4,458 78 4,724 89 Capital stock paid i n ................. Surplus fund ................................... Undivided profits, n e t................. Reserve for taxes, interest, depreciation, etc.......................... Commercial deposits subject to ... cljeck .............................................. Savings deposits (book acc’t ) .. Savings certificates of deposit. Notes and bills rediscounted.. Bills payable ................................. Customers’ bonds left with bank for safe keeping............ $25,000 00 7,146 96 439 32 500 00 23,381 8,630 26,208 5,000 2,000 58 58 55 00 00 8,700 00 8,700 00 $107,006 99 Total .......................................... $107,006 99 Bank of Cement c i t y> Cement City, merged with the Brooklyn No. 660. CENTER LIN E STATE SAVINGS BAN K , CENTER LINE. Organized May 1, 1920. E dward D i r e c t o r s .— ^ R ^ P r e s i d e n t ; C h a s H a l m i c h , H. J. M c G i l l , V ic e P r e s i d e n t s ; B. A. P r e s i d e n t a n d C a s h i e r j D a v i d J. S m i t h A s s is t a n t C a sh ier Halmich Bert V . Nunneley John F. Buechel, E d w . J. Schoenherr, Bernard W olf, Fred Schuster, H. J . McGill, B. A. Kalahar, Russell E. Lynch. Sc h m n h im a ^ a h a r , v ic e C h as. Statement, September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................. savings . ............................... : : : : : Bonds and securities: Savings ...................................... Due from Federal Reserve bank : Commercial ................................. Savings ................................... Due from banks in reserve cities : Commercial ................................... Exchanges for clearing house : Commercial ................................. Total cash on hand : Commercial ................. Savings ............................... 5 !0 0 0 Overdrafts ............................... Banking house ............................... Furniture and fixtures.............. Other real estate............................. Stock of Federal Reserve bank T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $86,7 4 5 19 173,571 36 31 902 11 3 0 2 ,5 2 7 1 3 105,400 00 18,735 97 17,200 00 4,867 86 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, net ................. Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to „ ‘‘heck ................................................ Certified checks ............................. Cashier’s checks ............................. Savings deposits (book acc’t ) . . Savings certificates of deposit. Club savings dep osits................... Notes and bills rediscounted.. $60,000 00 60,000 00 8,712 08 1,160 81 541 ^322 83 25,464 00 2,679 50 34,677 97 T otal ............................................ $811,534 10 15,431 46 61,952 95 132 50 865 37 7 175 39 00 59 45 34,000 5,000 14,884 3 ! 600 00 00 27 00 $811,534 10 51 STATE BANKS OF MICHIGAN No. 343. THE FIRST STATE BAN K , CENTRAL LAK E. Organized June 15, 1906. C. D W. M cP h a il i r e c t o r s .— , P r e s id e n t; W. S. R ic h a r d so n , A . F . W E . W h i t e , C a s h ie r . allbrecht, V ic e P r e s id e n ts ; Guy C. W . McPhail, W . S. Richardson, A. F. Wallbrecht, J. H . Smith, M. G. Smith, Guy E. W hite. Statement, September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. Savings ............................................ Real estate m ortg age s: Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ........................ Furniture and fixtures................ Other real estate........................... Customers’ bonds left with bank for safe keeping............... Outside checks, and other cash items ................................................ Total ............................................ $75,258 29 29,357 79 31,707 52 41,600 00 5,962 60 4,000 00 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................. Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks ............................. Due to other banks and bankers Savings deposits (book acc’t ) . . Bills payable ................................. Customers’ bonds left with bank for safe keeping............ $20,000 00 6,700 00 3,178 08 T otal ............................................ $236,287 14 37,350 91 16,395 00 533 91 59 90 113,469 34 11,000 00 27,600 00 8,100 00 2,944 2,000 251 3,350 1,800 1,313 62 00 69 00 00 34 27,600 00 1,041 29 $236,287 14 No. 391. THE W O LF BROS. STATE BANK, OENTREVILLE. Organized March 26, 1908. F rank W olf, P r e sid e n t; E C. E r n est D D i r e c t o r s .— ngle, il l o n , V ic e P r e s i d e n t ; A s s is t a n t C a sh ier. C. D . M o s h e r , C a s h i e r ; P a u l Frank W olf, W . I . Ashley, It. C. Truckenmiller, F. S . Cummings, H . C. Bucknell, G. L. Thoms, F. W . Thomas, C. D. Mosher, E. C. Engle. Statement, September 29, 1931. Liabilities. Resources. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n $30,000 00 Surplus fund .................................... 15,000 00 Undivided profits, n e t. 3,680 40 Commercial deposits subject to check ................................................ 268,988 98 Savings deposits (book acc’t ) . . 266,138 25 Savings certificates of deposit. 242,817 16 . Loans and discounts : Commercial ................................. Savings ............................................ Real estate m ortgages : Commercial ........................... Savings ............................................ Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ....................... T otal cash on hand : Commercial ............ Overdrafts ........................................ Banking house ............................ Furniture andfixtures.................. Other real estate............................. Outside checks, and other cash items ................................................ $120,284 61 55,000 00 12,565 00 121,285 30 13,000 00 173,750 00 118,365 55 139,156 62 50,000 00 12,768 59 2,500 1,000 6,800 71 00 00 00 00 90 00 $826,624 79 Total $826,624 79 52 STATE BANKING DEPARTMENT No. 315. THE CH ARLEVOIX STATE SAVINGS BA N K , CHARLEVOIX. Organized June 8, 1905. W . S. R i c h a r d s o n , P r e s i d e n t ; A. D. C r i m L D i r e c t o r s .— iv in g s t o n m in s , C a sh ier; G. W . R , H. A. C r a i g ,, V i c e P r e s i d e n t s ; ic h a r d s o n , A ssista n t A r c h ie L. C a s h ie r . -John Burns, A. D. Crimmins, W . S. Richardson, Archie L. Livingston, Harry A. Craig, Gerald W . Richardson. Statement, September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................. Savings ............................................ Real estate m ortg a g e s: Savings ............................. Bonds and securities : Commercial ................................. Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Exchanges for clearing house : Commercial ................................. Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts .......................................... Banking house .......................... Furniture and fixtures................. Other real estate........................... Customers’ bonds left with bank for safe keeping............... Outside checks, and other cash items .............................................. Total ............................................ $138,592 04 54,606 50 161,200 22 132,079 48 153,222 24 72,172 40 21,551 12 12,750 00 Capital stock paid i n ......... $25,000 00 Surplus fund .................................... 25,000 00 Undivided profits, n e t....... 7,453 33 Reserved for taxes, interest, depreciation, etc................ 1,500 00 Commercial deposits subject to check ................................................ 271,344 57 Demand certificates of deposit. 78,510 56 Certified checks ........................... 563 30 Cashier’s checks ............................. 4,848 33 Savings deposits (book acc’t ) . 369,129 91 Savings certificate of d ep osit.. 30,976 43 Customers’ bonds left with 1,450 00 bank for safe keeping............... 2,912 08 31,777 10,000 658 11,000 4,409 7,075 25 00 55 00 25 81 1,450 00 319 49 $815,776 43 T otal ............................................ $815,776 43 No. 218. EATON COUNTY SAVINGS BAN K , CHARLOTTE. Organized August 1, 1899. G e o . H. S p e n c e r , P r e s i d e n t ; A l b e r t M u r r a y , V i c e P r e s i d e n t a n d T r u s t O f f i c e r ; N e d B. A l s o v e r , V i c e P r e s i d e n t ; C. E . F i s h e r , C a s h i e r ; a n d A s s i s t a n t T r u s t O f f i c e r ; E t h e l S h o t w e l l , C. O . R o n e y , A s s i s t a n t C a s h ie r s . D i r e c t o r s .— Albert Murray, Geo. I I . Spencer, E . D . Barber, Ned B. Alsover, Meyer Vomberg, H. T. McGrath, W . B. Fulton, C. E. Fisher. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Savings ............................................ Real estate m ortgages : Commercial .................................. Savings .......................................... Bonds and securities : Commercial ................ Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings ............................................ Due from banks in reserve cities : Commercial .................................. Savings .......................................... Exchanges for clearing house : Commercial .................................... T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts .....................................*.. Banking house ............................... Furniture and fixtures................. Stock of Federal Reserve bank. Trust department : Due from banks in reserve cities Liabilities. $265,825 73 73,582 64 2,000 00 34,662 96 185,244 34 390,708 69 30,155 04 13,500 00 $100,000 00 50,000 00 9,860 40 313,761 110,384 1,725 2,885 91,956 446,880 12,785 86 53 00 89 83 84 24 8,875 03 57,846 22 10,000 00 1,153 08 18,466 20 10,000 00 95 69 31,500 00 11,000 00 4,500 00 8,875 03 T otal ............................................ $1,149,115 62 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................. Surplus fund ................................. Undivided profits, n e t................. Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ............................. Cashier’s checks ........................... U. S. government dep osits........ Savings deposits (book acc’t ) . . Club savings dep osits................. Trust departm ent: Trust deposits— Totals ........ T otal ............................................ $1,149,115 62 53 STATE BANKS OF MICHIGAN No. 509. THE CHASSELL STATE BA N K , CHASSELL. Organized June 27, 1912. Ch as. H. W o r c e st e r , P r e s id e n t; E d w a r d H i e t a l a , C a s h i e r ; A. C. A. H a m a r , J. H. P u n k , V ic e P r e s id e n t s ; R e m i l l a r d , A s s is t a n t C a sh ier. . E. D i r e c t o r s .— Chas. H. Worcester, Edward A. Hamar, J . H . Funk, W . H . Hutchings, D . W. L. Robinson. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. Savings ............................................ Real estate m ortg age s: Savings .......................................... Ronds and securities: Commercial ................................. Savings ............................................ Due from banks in reserve citie s: Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial .................................... Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Other real estate........................... Customers’ bonds left with bank for safe keeping............ Outside checks, and other cash items ................................................ T otal ............................................ $32,416 86 2,115 00 9,400 05 38,575 00 9,000 00 5,818 31 2,146 53 $2 0,000 00 Capital stock paid i n ................... Surplus funds ............................... Undivided profits, net ................. Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check .............................................. Savings deposits (book acc’t) . Savings certificates of deposit. Club savings deposits ................. Customers’ bonds left with bank for safe keeping............ Other liabilities ............................. 12,000 00 3,228 10 300 00 51,613 23,243 3,200 469 64 95 00 39 450 00 66 55 7,850 OO 3,109 50 2,000 500 844 40 43 00 00 78 450 00 295 27 $114,571 63 $114,571 63 T otal No. 304. THE CHEBOYGAN STATE SAVINGS BANK, CHEBOYGAN. Organized February 11, 1905. F r e d A . IT a u t , P r e s i d e n t ; H e n r y B a r b e r , M i l e s E. R i g g s , V i c e P r e s i d e n t s ; G e o . D . N i m m o , C a s h i e r ; E. C e c i l J u d d , J e r o m e M . K i n n e y , A s s i s t a n t C a s h i e r s . i r e c t o r s .— Fred A. Haut, J . F. Shepherd, W . E. Chapman, Henry Barber, Otto H. Gebhardt, D M. E. Riggs, George D. Nimmo. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................. Savings .......................................... Real estate m ortgages : Savings ............................................ Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ................... Exchanges for clearing house : Commercial .................................... T otal cash on hand: Commercial .................................... Savings .......................................... Overdrafts ........................................ Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe k e e p in g ............ T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $205,273 21 95,439 75 84,601 57 360,161 95 319,561 92 158,715 34 69,900 00 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ............................. Tim e commercial certificates of deposit ............................................ Savings deposits (book acc’t ) .. Savings certificates of deposit Customers’ bonds left with bank for safe keeping............. $50,000 00 30,000 00 5,405 28 348,388 68 724 65 6,091 87 309,549 29 468,870 35 120,648 72 7,100 00 998 69 1 6 ,5 9 2 68 20,1 2 2 56 144 58 2 ,0 0 0 00 6,166 59 r ,i o o 00 $1,346,778 84 T otal $1,346,778 84 54 STATE BANKING DEPARTMENT No. 397. THE FARM ERS AND M ERCHANTS BAN K , CHELSEA. Organized April 22, 1908. Paul D G. S c h a ib l e , i r e c t o r s .— P r e s id e n t; P eter M e r k e l , V ic e P r e s id e n t ; H C a s h i e r ; P a u l P . N i e h a u s , A s s i s t a n t C a s h ie r . W. erbert Peter Merkel, C. H. Kalmbach, John Kalmbach, Conrad Lehman, Schaible, A. A. Palmer, O. D. Schneider, Howard S. Holmes. Sch enk , Paul G. $50,000 50,000 33,622 130 00 00 27 00 Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................... Real estate m ortgages : Commercial .................................... Savings ........................................ Bonds and securities : Commercial .................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................... Savings .......................................... Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ....................... Exchanges for clearing house : Commercial .................................... T otal cash on hand : Commercial ................................... Savings ............................................ Overdrafts .......................................... Banking house ............................ Furniture and fixtures................. Stock of FederalReserve bank T otal ............................................ $188,634 13 19,500 00 233,139 22 1 ,0 0 0 00 242,695 60 6,641 50 16,000 00 33,879 62 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................. Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ........................... Savings deposits (book acc’t ) . . Savings certificates of deposit. 6 ,0 0 0 00 140,454 81 174 35 59 88 530,912 59 29,772 28 63,000 00 601 19 9,520 5,850 303 12,960 4,400 3,000 93 05 94 00 00 00 $841,126 18 T otal ............................................ $841,126 18 No. 203. THE K EM PF COMMERCIAL AND SAVIN G S BANK , CHELSEA. Organized December 17, 1897. D. D C. M cL ar e n , i r e c t o r s .— P r e sid e n t; J. L . F l e t c h e r , V ic e P r e s id e n t ; P . C . M a r o n e y , A s s i s t a n t C a s h ie r . Carl J. M ayer, Otto D. Luick, Edward Vogel, D. C . McLaren, L. P. Vogel, E. D. E. Beach, Andros Guide, L. G. Palmer, J. L. Fletcher. C a sh ie r ; S. Spaulding, Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Savings ............................................ Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Exchanges for clearing house : Commercial .................................... T otal cash on hand: Commercial .................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Customers’ bonds left with bank for safe keeping............ Stock of Federal Reserve bank T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $161,892 62 90,812 78 17,005 53 167,129 00 169,947 50 1,173 65 20,000 00 27,110 16 30,800 00 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................. Dividends unpaid ....................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Cashier’s checks ............................. Time commercial certificates of deposit ............................................ Savings deposits (book acc’t ) . . Savings certificates of deposit. . Customers’ bonds left with bank for safe keeping............ $60,000 40,000 40,358 90 00 00 08 00 5 ,0 0 0 00 113,781 91 121 55 9,262 00 428,452 21 25,316 52 14,450 00 224 02 22,396 190 10,000 700 26 75 00 00 14,450 00 3,000 00 $736,832 27 Total $736,832 27 55 STATE BANKS OF MICHIGAN No. 235. CHESANING STATE BA N K , CHESANING. Organized M ay 17, 1901. F rank J S t e v e n s , P r e s i d e n t ; F. A. G r e e n f e l d e r , C l a r e n c e W . S c h a f e r , V i c e F l o y d M . H o p k i n s , C a s h i e r j C h a s . S . H a r m o n , A s s i s t a n t C a s h ie r . P r e s id e n ts ; Ralph Agnew, A. R. Babion, C. W . Cheeney, J. Lawrence Cowman F. M. Dodge, E. F. Evarts, F. A. Greenfelder, G. M. Peet, L. A. Perrot, C. W . Schafer, Frank J. Stevens. D i r e c t o r s .— Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortg age s: Savings ............................................ Bonds and securities: Commercial ................................. Savings .......................................... Due from Federal Reserve b a n k : Commercial ................................. Savings ........................................ Due from banks in reserve cities : Commercial .................................... Savings .......................................... T otal cash on h a n d : Commercial ................................. Savings .......................................... Banking house ............................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping............ Outside checks, and other cash items ................................................ Stock of Federal Reserve bank $420.127 68 253,636 42 358,227 41 8,475 00 415,295 66 59,169 04 40.000 Ô0 4,825 18 29,837 89 36,925 15 20.000 00 26,971 13 8,056 98 24,636 02 58,313 00 125 01 4,500 00 $1,769,121 57 Total $75,000 00 Capital stock paid i n ................. 75.000 00 Surplus fund ................................. 7,730 55 Undivided profits, n e t................. Commercial deposits subject to 181,652 52 check ................................................ 36,879 36 Demand certificates of deposit. 3,458 39 Cashier’s checks ........................... 35.000 00 State moneys on d eposit.......... Tim e commercial certificates of 202,120 49 deposit ............................................ 523 82 Industrial investment certificates Savings deposits (book acc’t ) . 1,019,974 51 2,032 50 Club savings dep osits................. 71,436 43 Notes and bills rediscounted. Customers’ bonds left with 58,313 00 bank for safe k eeping............. $1,769,121 57 Total No. 424. THE CITIZENS STATE BAN K , GLABE. Organized December 22, 1908. A. E. M u l d e r , V i c e P r e s i d e n t ; J. S t u a r t B i c k n e l l , C a s h ie r . A. E. Mulder, W m . H. Bicknell, A. E. Mussell, James Duncan, Donald Bicknell, A. J. Doherty, Jr., I. E. Hampton. J a m e s S. B i c k n e l l , P r e s id e n tj D i r e c t o r s — James S. Bicknell, Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Savings .................................... Real estate m ortgages: Savings ............................................ Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Exchanges for clearing house : Commercial .................................... T otal cash on hand : C o m m e rc ia l.................................... Savings .......................................... Overdrafts ........................................ Banking house ............................. Furniture and fixtures................. Other real estate.....................; • Customers’ bonds left with bank for safe keeping............. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $145,942 40 2 0 ,0 0 0 Ó0 114,506 00 115,000 00 45,854 94 1,981 46 Capital stock paid i n ................. Surplus fund ................................. Undivided profits, n e t ... ._.......... Commercial deposits subject to Demand Certificates of deposit. Savings deposits (book acc’t) . Customers’ bonds left with bank for safe keeping.......... $25,000 00 25,000 00 1,820 57 112,911 84 100,298 45 259,432 89 16,186 36 22,950 00 2,589 20 11,566 7,546 13 25,000 7,000 4,800 58 05 48 00 00 00 15,900 00 $540,650 11 Total $540,650 11 58 STATE BANKING DEPARTMENT No. 118. THE CLARE COUNTY SAYINGS BANK , CLARE, Organized M ay 18, 1891. Jas. A. M cK a y D irpctar « D ir e c t o r s . P r e s id e n t; E. A . A C. H. nderson. H omer D o u g l a s , V ic e P r e s id e n t s ; C . H . S u t h e r - ■Fc S iIIREj F - H a l l , A s s i s t a n t C a s h ie r s . Sutherland, Jas. A. McKay, Fred O. McGuire, E. A. Anderson, Homer Douglas, J. D. McConnell. Statement September 29, 1931. Resources. Liabilities. T otal $217,716 70 1,325 00 175,687 01 42,500 00 600,000 00 Capital stock paid i n $40,000 00 Surplus fund ................................. 40,000 00 Undivided profits, n e t. 5,406 58 Commercial deposits subject to ‘•heck ................................................ 145,674 50 Demand certificates of deposit. 131,709 70 Savings deposits (book aec’t ) . . 714,154 70 Savings certificates of deposit. 166,991 89 . Loans and discounts : Commercial ................................. Real estate m ortgages : Commercial ................................. Savings ............................................ Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings . . . . . U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ..................... Exchanges for clearing house : Commercial .................................. T otal cash on hand : Commercial ................................. Savings ............................................ Overdrafts ...................................... Banking house ............................... Other real estate............................. Outside checks, and other cash Rems ................................................ 31,764 58 50,619 49 45,000 00 401 90 17,236 9,840 137 40,000 10,550 38 09 71 00 00 1,158 51 $1,243,937 37 Total $1,243,937 37 No. 540. THE CLARKSTON STATE BAN K , CLARKSTON. Organized October 31, 1913. D a v id R . T tw D ir e c t o r s . e g g e r d in e , P r e s id e n t; G . A . W a l t e r , V ic e P r e s id e n t ; C . A i n s l e y , A s s i s t a n t C a s h ie r . G eorge D . K in g , C a sh ier - R a y David R. Teggerdine, W illiam J. Perry, Lewis L. Brown, Joseph H. Alger, G. A. W alter, George D. King, Jos. S. Seeterlin. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Real estate m ortgages : Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commerciai ............................. U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... T otal cash on h a n d : Commercial ..................... Savings ............................................ Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate........................... Due from banks other than in reserve cities ............................. Customers’ bonds left with bank for safe keeping............. Outside checks, and other cash Rems ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $59,169 41 103,037 16 2,100 00 7 1 ,3 0 1 7 5 30,982 47 22,600 00 3 341 94 10; 000 00 39 15 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t.............. Dividends unpaid ..................... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to , .................................... Certified checks ............................. Cashier’s checks ............................. Savings deposits (book acc’t ) . . Savings certificates of deposit. Club savings d eposits................. Customers’ bonds left with bank for safe keeping............. $25 000 00 15,000 00 6,207 88 8 00 2,500 00 72,705 21 194 13 183 00 173,294 18 34,588 81 2 824 86 1,229 75 10,600 00 4,686 64 4,456 81 10,158 50 1 ,2 0 0 00 61 99 $3 3 3,735 82 T otal ............................................ $333,735 82 STATE BANKS OF MICHIGAN 57 No. 727. CLAWSON STATE SAVINGS, BAN K , CLAWSON. Organized July 21, 1925. H . G. H D e n d r ic k s o n , i r e c t o r s .— P r e sid e n t; Fred G. A l l a n C. L a w s o n , H a r o l d A n d r e w C a d g e r , C a s h ie r . G. V in c e n t , Dewey, Thomas E. Griffin, Harold G. Vincent, Leroy L. Maxam, Allan C. Lawson. H. V ic e G. P r e sid e n ts; Hendrickson, Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial .................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Savings ............................................ Overdrafts ........................................ Furniture and fixtures................. Other real estate............................. Total ............................................ $87,775 19 14,815 96 62,825 14 49,525 00 13,133 39 15,001 87 3,369 10,000 51 3,929 2,445 97 00 56 64 00 $262,872 72 Capital stock paid i n ...... $25,000 Surplus fund ................................... 6,500 1,550 Undivided profits, n e t...... Commercial deposits subject to check ................................................ 50,491 Demand certificates of deposit. 23,031 Certified checks ............................. 81 Cashier’s checks ............................. 1,437 Savings deposits (book acc’t) .. 101,276 Savings certificates of deposit. 6,942 Club savings d eposits...... 5,561 Bills payable .................................... 41,000 T otal ............................................ 00 00 36 59 20 50 51 63 68 25 00 $262,872 72 No. 616. STATE SAVINGS BANK, CLINTON. Organized June 26, 1918. L. W . K im b a l l , P r e sid e n t; W . D. V a n T u rn s, C h a ir m a n . W . B. R i c h m o n d , F r a n k W . H V D i r e c t o r s .— an T uyle ogan, Vice P r e s i d e n t s ; W m . P. . C a s h ie r . L. W . Kimball, IV. D. Van Tuyle, W m . P. Van Tuyle, W . B. Richmond, W m . S. Kimball, Frank W . Hogan, Clare L. Kimball. Statement September 29, 1931. Liabilities. Resources. Loans and discounts :Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : C o m m e rc ia l.................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... T otal cash on hand : Commercial ................................... Savings ............................................ Banking house ............................... Furniture and fixtures................. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $137,486 74 105,941 37 60,230 00 93,252 50 404,876 25 22,306 42 53,308 16 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ........................... Savings deposits (book acc’t ) . . Savings certificates of deposit. $50,000 00 25,000 00 15,806 54 T otal ............................................ $948,514 15 6,197 46 212,673 68 10 00 176 90 529,011 52 109,638 05 50,350 00 9,615 100 8,500 2,546 81 00 00 90 $948,514 15 58 STATE BANKING DEPARTMENT No. 104. THE BRANCH COUNTY SAYINGS BAN K , COLD W ATER. Organized September 20, 1890. B. S. S p o f f o r d , P r e s i d e n t j C . A . C o n o v e r . H. S m i t h C l i z b e , V i c e P r e s i d e n t s ; M. W . W C a sh ie r j H D i r e c t o r s .— oward K. S n yd e r , A ssista n t im e r , C a s h ie r . B. S. Spofford, H. Smith Clizbe, M. W . Wimer, C. A. Conover, E. E. Palmer, Howard K . Snyder, Ernest H. Luedders. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings .......................................... Exchanges for clearing house : Commercial ................................. T otal cash on hand: Commercial ................................. Savings ............................................ Overdrafts .......................................... Banking house ............................... Other real estate............................. T otal $50,000 Capital stock paid i n ....... Surplus fund ................................... 55,000 Undivided profits, n e t....... 6,215 Dividends unpaid ......................... 10 Commercial deposits subject to check ................................................ 136,254 Demand certificates of deposit. 170,180 Cashier’s checks ........................... 2,530 Savings deposits (book acc’t ) .. 576,595 Club savings deposits....... 6,907 $221,529 14 10,000 00 6 871 46 208,648 61 22,321 25 251,525 33 89,754 11 111,414 80 00 00 34 00 29 29 21 35 37 4,156 88 41,473 15,006 42 11,000 9,948 26 61 77 00 63 T otal $1,003,692 85 $1,003,692 85 No. 292. THE STATE B A N K OP COLEMAN, COLEMAN. Organized June 1, 1904. C. W . M c P h a i l , P r e s i d e n t ; M D urphy, i r e c t o r s .— C a sh ie r ; C. H . M a c o m b e r , N eva D. M yers, J. M. A H oward llen, V ic e P r e s id e n ts ; R o b e r t J o n e s , A s s i s t a n t C a s h ie r s . A. R. A. Murphy, C. W . McPhail, E. J. Allen, C . H . Macomober, J. M. Allen. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................. Savings .......................................... Real estate m ortg a g e s: Commercial .................................. Savings ............................................ Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................. T otal cash on hand : Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping.......... T o ta l.............................................. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $100,238 21 26,842 15 20 892 00 44,428 67 4,000 00 22,114 11 5,000 00 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................. Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ............................. Cashier’s checks ............................. Savings deposits (book acc’t ) .. Savings certificates of deposit. . Customers’ bonds left with bank for safe keeping............... $2 0,000 00 7,000 00 3,456 55 T otal ............................................ $267,129 24 69,709 65,315 7 991 97,696 53 13 57 58 13 10 18 2,900 00 11,550 00 10,511 18 500 00 55 78 8 ,0 0 0 00 3,154 45 6,942 69 2,900 00 $267,129 24 59 STATE BANKS OF MICHIGAN No. 442. *THE STATE B A N K OF COLOMA, COLOMA. Organized October 28, 1909. W. H . A D ndrew s, i r e c t o r s .— P r e sid e n t; W m . C a sh ie r ; W. H C. A. ocker, F S. C a l d w e l l , V i c e P r e s i d e n t s ; H . E . L y o n , J. , urman A ssista n t C a s h ie r . W . E . Sheffield, J . S. Caldwell, Burr Bartram, F . W . Cochrun, W . H . Andrews, W m . W . Hocker, H . E . Lyon, W m . Chapman. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. Real estate m ortg age s: Commercial ................................. Savings ............................................ Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................. T otal cash on h a n d : Commercial .................................... Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping.............. T otal ............................................ $114,270 63 7,145 20 79,607 64 77,663 33 21,068 54 596 88 45,675 2,000 20 25,000 7,402 21,356 Capital stock paid i n ..................... Surplus fund .................................... Undivided profits, n e t................. Commercial deposits subject to check ................................................ Cashier’s checks ............................. Tim e commercial certificates of deposit ............................................ Savings deposits (book acc’t ) .. Customers’ bonds left with bank for safe keeping............... Other liabilities ............................. $50,000 00 20,0 0 0 00 159 86 101,417 95 161 54 49,650 08 179,618 80 400 00 800 00 98 00 46 00 78 79 400 00 $402,208 23 $402,208 23 Total ♦Closed December 17, 1931. No. 427. E. H ILL AND SONS STATE BAN K , COLON. Organized March II, 1909. Grant E. F a r r a n d , P r e s i d e n t ; S u s a n Jo hn D i r e c t o r s .— A. K Y . H il l archner, , V ic e P r e s id e n t ; A s s i s t a n t C a s h ie r . E d w in J. H il l , C a sh ier; Grant E. Farrand, Susan V. H ill, Edwin J. H ill, Amelia H . Tenney, Roy J. Bartholomew, Chas. G. Correll, Frank D. Lamberson. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ..................... T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts .......................................... Banking house ............................... Other real estate............................. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $75,178 01 42,449 00 45,220 00 42,000 00 26,572 99 4,000 00 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Savings deposits (book acc’t ) . . Savings certificates of d ep osit.. $30,000 00 12,000 00 747 91 T otal ............................................ $263,966 43 5,498 07 116,360 1,199 48,894 49,265 78 61 76 30 8,050 00 3,826 84 1,661 06 8 53 12,000 00 3,000 00 $263,966 43 60 STATE BANKING DEPARTMENT No. 433. THE COLUMBIA V IL L E STATE BAN K , COLUMBIA V ILLE. Organized May 29, 1909. W . H. W il s o n , P r e s id e n t ; R. S. S p e n c e r , V i c e P r e s i d e n t ; H a r l e y M T D i r e c t o r s .— D f T.u v f , in e r , C a sh ier; G eorge A S Q 'ia tfl'vii' r f n e /î i V v W . H . W ilson, Geo. W . Holl’enshead, E. C. Robertson. C. E. Robertson, R. S. Spencer, J. W . Bohnsack, C. D. Chapin, Fred Fick. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Real estate m ortgages : Commercial .................................. Savings .......................................... Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial ................................... T otal cash on hand : Commercial .................................. Savings ............................................ Banking house ............................. Furniture and fixtures................. Other real estate........................... Customers’ bonds left with bank for safe keeping............. Total ............................................ $60,617 42 335 00 58,039 40 50,450 00 11,332 99 4,083 12,000 14,400 7,000 15,708 87 00 00 00 99 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ............................. Savings deposits (book acc’t ) . Savings certificates of deposit. Club savings dep osits................. Customers’ bonds left with bank for safe keeping. . ........ Other liabilities ............................. $20,000 00 15,000 00 3,588 16 T otal ............................................ $247,917 67 45,281 68 34,461 36 1 00 60,013 99 52,767 87 953 61 13,950 00 1,900 00 13,950 00 $247,917 67 No. 599. COMSTOCK P A R K STATE BA N K , COMSTOCK P A R K . Organized M ay 24, 1917. P eter D B uth , P r e s id e n t; i r e c t o r s .— G eo. P. L a m o r e a u x , V ic e P r e s id e n t ; N a g e l , A s s i s t a n t C a s h ie r . E. A. P ower, C a sh ier; F red Geo. P. Lamoreaux, E . A . Power, M . D . B u t h , Peter B u t h , R . L . Power. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................. Savings .......................................... Real estate m ortg a g e s: Savings .......................................... Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial ................................. Savings .......................................... T otal cash on h a n d : Commercial .................................... Banking house ............................ Furniture andfixtures.................. Other real estate............................. Customers’ bonds left with bank for safe keeping............. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $88,721 40 22,136 17 80,669 00 111,950 00 5,987 49 41,000 00 6,645 9,900 7,400 3,600 50 00 00 $20,000 Capital stock paid i n . Surplus fund ................................. Undivided profits, net ..... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks ........................... State moneys on deposit .......... Savings deposits (book acc’t ) . . Savings certificates of deposit. Bills payable ................................. Customers’ bonds left with bank for safe keeping ........... 00 10,000 00 4,252 36 75,264 16,621 1,441 5,000 219,879 10,550 15,000 91 30 94 00 05 00 00 1 1,200 00 00 11 ,2 0 0 00 $389,209 56 T otal ............................................ $389,209 56 61 STATE BANKS OF MICHIGAN No. 32. THE FARM ERS STATE B A N K OF CONCORD. Organized November 20, 1886. F rank D i r e c t o r s .— N. A l d r ic h , P r e s i d e n t ; A l f r e d F o l k s , F. S . T u t h i l l , V i c e P r e s i d e n t s ; A l d r i c h , C a s h i e r ; D e a n G. T o d d , A s s i s t a n t C a s h ie r . D w ig h t A. Frank N . Aldrich, Alfred Folks, Chauncey S . Allen, Dwight A. Aldrich, F. C. Young. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Savings ............................................ Real estate m ortgages: Commercial ................................. Savings ............................................ Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ..................... T otal cash on hand : Commercial .................................... Savings .......................................... Overdrafts ........................................ Banking house .......................... Furniture and fixtures................. Customers’ bonds left with bank for safe keeping............... T otal ............................................ $350,584 61 15,500 00 1,050 00 156,156 82 111,937 45 54,001 26 28,160 15 Capital stock paid i n ........ $25,000 Surplus fund ................................... 25,000 Undivided profits, n e t........ 21,729 Reserved for taxes, interest, depreciation, etc............... 7,502 Commercial deposits subject to check ................ 168,491 Demand certificates of d ep osit.. 157,927 Cashier’s checks ............................. 1,395 Savings deposits (book acc’t ) .. 303,907 Bills payable ................................... 35,477 Customers’ bonds left with bank for safe keeping............. 6,300 00 00 88 50 28 64 19 02 92 00 3,450 00 6,626 5,000 660 9,715 3,588 50 00 44 72 48 6,300 00 T otal ............................................ $752,731 43 $752,731 43 No. 496. THE CONKLIN STATE BANK , CONKLIN. Organized December 27, 1911. Ch as. L. B e a n , P r e s id e n t and C a sh ier; E arl B. T hurston, V ic e P r e sid e n t; Carl L. B ean, ct'S hi/dT’ D i r e c t o r s .— Chas. L . Bean. Earl B .‘ Thurston, F r e d 'w . Triick. Bean, Albert F. Brown, Herbert Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................... $33,619 91 Savings ............................................ 20,475 00 Real estate m o rtg ages: Commercial ................................... 1,725 00 Savings ............................................ 43,298 20 Bonds and securities: Savings ............................................ 27,000 00 Due from banks in reserve cities : Commercial ................................... 10,873 32 U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ....................... 12,800 00 T otal cash on h a n d : * Commercial .................................... 5,402 80 Savings ............................................ 3,000 00 Banking house ............................... 2,000 00 Furniture and fixtures................. 2,500 00 Other real estate............................. 3,262 76 Customers’ bonds left with bank for safe keeping............... 3,000 00 Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $168,956 99 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Demand certificates of deposit. . Savings deposits (book acc’t ) . . Savings certificates of d ep osit.. Club savings dep osits................... Bills payable .................................... Customers’ bonds left with bank for safe keeping ........ T otal $20,000 00 6,000 00 3,680 56 35,163 1,436 51,495 42,520 660 5,000 78 00 70 20 75 00 3.000 00 $168,956 99 62 STATE BANKING DEPARTMENT No. 174. FIRST COMMERCIAL SAYINGS BANK , CONSTANTINE. Organized June 22, 1894. W. H. S m D it h i r e c t o r s .— , P r e s i d e n t ; E. L. E s t e s , V i c e P r e s i d e n t a n d C a s h i e r ; F r a n k W o l f , V i c e P r e s i d e n t ; M. H. B e n n e t t , M. S . D i c k e r s o n , A s s i s t a n t C a s h i e r s . W . H. Smith, Frank W olf, C. A. Brody, Ed. Roderick, E. L. Estes, Frank W . Thomas, E. C. Engle, H . J. Bush. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................... Real estate m o rtg ages: Commercial .................................... Savings .......................................... Bonds and securities: Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial .................................... Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping ........ Other assets .................................... T otal ............................................ $217,134 34 16,764 58 161,666 52 9,600 00 198,896 72 44,755 88 20,000 00 50,816 45 15,329 152 14,104 9,506 16,885 31 32 82 78 38 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Demand certificates of d e p o s it.. Certified checks ............................... Cashier’s checks ............................. Time commercial certificates of deposit ............................................ Savings deposits (book acc’t ) .. Savings certificates of d ep osit.. Club savings d eposits................... Customers’ bonds left with bank for safe keeping.............. Other liabilities ............................. $60,000 00 15,000 00 4,229 83 T otal ............................................ $934,363 10 155,647 57,192 5,450 2,137 20 03 00 25 3,826 263,737 194,140 8,502 27 64 63 25 158,250 00 6,250 00 158,250 00 500 00 $934,363 10 No. 281. *COOPERSVILLE STATE BANK, COOPERSVILLE. Organized September 29, 1903. M il l a r d D i r e c t o r s .— D urham , P r e s i d e n t ; L. D . M i l l s , W a y n e M u r r a y , V i c e P r e s i d e n t s ; C a s h i e r ; L e s t e r L i b b e y , A s s i s t a n t C a s h ie r . P aul H ahn , Millard Durham, John N. Wenger, Ellis P. Lillie, Chas. A. Vandegrift, A. E. Bonner, L. D. Mills, V. J. Tasker. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... Real estate m ortgages : Commercial ................................... Savings ............................................ Bonds and securities : Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ..................... Exchanges for clearing house: Commercial ................................... T otal cash on hand : Commercial .................................... Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Other real estate ......................... Customers’ bonds left with bank for safe keeping............ Total ♦Closed December 5, 1931. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $210,230 83 26,425 69 298,945 58 120,730 00 202,500 00 30,000 Q0 70,893 83 Capital stock paid in ....................... Surplus fund .................................... Undivided profits, n e t................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ..................................................... Demand certificates of deposit. . Savings deposits (book acc’t ) . Savings certificates of deposit. . Customers’ bonds left with bank for safe keeping............. $40,000 00 40,000 00 19,899 76 33,498 75 203,619 20 102,548 04 435,980 33 141,585 02 19,000 00 18,200 00 166 89 9,273 59 1,800 2,837 25,066 97 96 00 49 86 19,000 00 $1,036,131 10 Total $1,036,131 10 63 STATE BANKS OF MICHIGAN No. 524. PEOPLES SAYINGS B A N K OF COOPERSVILLE. Organized January 25, 1912. E. D u r p h y , P r e s i d e n t ; L. J. H L yman D i r e c t o r s .— Co m , V ic e P r e s i d e n t ; G e or ge L a u g , C a s h i e r ; G e r t ie . A s s is t a n t C a sh ier. in k e n stock Lyman E. Durphy, John Laug, L. E. Peck, John Lubben, George Laug, Fred Van Allsburg, L. J. Hinken. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................... Real estate m ortgages : Commercial ................................... Savings .......................................... Bonds and securities : Commercial ................................... Savings ............................................ Due from Federal Reserve bank : Commercial ............................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... T otal cash on hand : Savings ............................................ Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping............. Stock of Federal Reserve bank T otal ............................................ $236,421 41 3,700 00 152,873 Q0 31,000 00 191,000 00 10,465 47 8,000 00 2,401 71 2,581 69 7,600 2,400 9,595 38 70 00 00 00 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Time commercial certificates of deposit ............................................ Savings deposits (book acc’t ) . Savings certificates of d ep osit.. Notes and bills red isco u n ted ... Bills payable ................................... Customers’ bonds left with bank for safe keeping............. $25,000 00 12,500 00 8,227 17 T otal ............................................ $674,157 67 13,000 00 56,105 59 185,091 68 333,978 23 188 00 5,117 00 20,000 00 14,950 00 14,950 00 1,100 00 $674,157 67 No. 648. COPEMISH STATE BA N K , COPEMISH. Organized M ay 17, 1920. M. T. C r i m m in s , P r e s id e n t; A . R. B o l t o n , B. O s t e n d o r f , V i c e P r e s i d e n t s ; F r a n k L. P o r t e r , C a sh ier D i r e c t o r s .— B. Ostendorf, Ray Cartier, M . T . Crimmins, Jno. O . Doe, A . R. Bolton. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... Real estate m o rtg ages: Savings ............................................ Bonds and securities: Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... Total cash on h a n d : Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping............... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $38,992 80 4,365 58 26,000 00 27,500 00 5,690 26 2,857 67 800 00 3,423 1,000 22 5,500 2,000 822 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Demand certificates of deposit Cashier’s checks ........................... Savings deposits (book acc’t ) .. Bills payable ................................... Customers’ bonds left with bank for safe keeping............... $20,000 00 4,000 00 1,166 46 T o ta l.............................................. $126,524 94 1,700 00 27,336 22,414 169 28,187 14,000 51 82 47 68 00 7,550 00 65 00 84 00 00 14 7,550 00 $126,524 94 64 STATE BANKING DEPARTMENT No. 406. THE STATE B A N K OF MONTCALM COUNTY, CORAL. Organized July 21, 1908. V a n S. R e y n o l d s , P r e s i d e n t ; W . E . A r b o g a s t , V i c e P r e s i d e n t ; T h o m a s S k e d g e l l , C a s h i e r ; _ XT E v a H o l c o m b , A s s i s t a n t C a s h ie r . D i r e c t o r s .— Van S. Reynolds, W . E. Arbogast, C. E. Beckley, Thomas Skedgell, Thos. G. Hamlyn. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................... Real estate m ortgages: Commercial . . . .............................. Savings ............................................ Bonds and securities : Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial ......................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ..................... Total cash on hand : Commercial ................................. Overdrafts ...................................... Banking house ............................... Furniture and fixtures................. Customers’ bonds left with bank for safe keeping.............. T otal ............................................ $63,868 20 2,200 00 57,261 50 32.000 00 15,000 00 5 992 73 6,’ i l l 98 1,200 00 2,503 18 4,100 2,000 53 54 00 00 Capital stock paid i n ....... $20,000 Surplus fund ................................... 10,000 1,594 Undivided profits, n e t.. Commercial deposits subject to check ................................................ 15,845 Cashier’s checks ........................... 858 State moneys on d eposit.. 5,000 Time commercial certificates of deposit ............................................ 41,516 Savings deposits (book acc’t) 62,626 Savings certificates of deposit. . 13,758 Notes and bills rediscounted.. 10,056 Bills payable ................................... 11,000 Customers’ bonds left with bank for safe keeping... 6,050 00 00 68 03 38 00 73 55 51 60 00 00 6,050 00 $198,306 48 T otal ............................................ $198,306 48 No. 339. THE OLD CORUNNA STATE BANK, CORUNNA. Organized M ay 5, 1906. E. T. D S id n e y , P r e s id e n t; J. H . i r e c t o r s .— W. A. C o l l i n s , V i c e P r e s i d e n t ; F. W B r o o k s . A s s i s t a n t C a s h ie r . m . N otnagel, C a sh ier; L. F. Rosenkrans, E . T . Sidney, Samuel M . Kerby, W . M . Bush, J . H . Collins, F. R. Gilna, F. W m . Notnagle. Statement September 29, 1931. Resources. Loans and discou nts: Commercial .................................... Savings ............................................ Real estate m o rtg ages: Commercial .................................... Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... T otal cash on h a n d : Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Customers’ bonds left with bank for safe keepin g............. Outside checks and other cash items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $200,790 26 65,457 29 23,912 94 247,162 67 217,580 00 50,016 61 54,317 93 60,000 00 15,775 10,000 655 17,000 6,000 21 00 51 00 00 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit Cashier’s checks ............................. Due to other banks and bank ers .................................................... Savings deposits (book acc’t) Savings certificates of deposit. . Customers’ bonds left with bank for safe keeping.......... $50,000 00 50,000 00 14,069 95 11,289 26 197,262 88 41,487 92 2,900 30 6,282 45 349,344 79 246,203 27 28,625 00 28,625 00 172 40 $997,465 82 T otal ............................................ $997,465 82 STATE BANKS OF MICHIGAN 65 No. 652. COVERT STATE BANK, COVERT. Organized March 15, 1920. O.. M. V a u g h a n , P r e s i d e n t ; T. C. T i e d e b o h r , J r ., V i c e P r e s i d e n t ; T h o m a s S p e l m a n . C a s h ie r . i r e c t o r s .— Geo. C. Monroe, Thomas Spelman, T. C. Tiedebohl, Jr., O. M. Vaughan, E. J. Kirby. D Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ........................................ Savings ............................................ Real estate m ortg age s: Commercial .................................... Savings ............................................ Bonds and securities: Savings ....................... Due from banks in reserve cities : Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... T otal cash on h a n d : Commercial .................................... Overdrafts .......................................... Banking house ................................. Furniture and fixtures.............. Other real estate........................... Due from banks other than in reserve cities ............................... Customers’ bonds left with bank for safe keeping............... T otal ............................................ $47,662 05 8,106 00 4,695 00 52,657 41 18,150 00 13,215 81 13,650 00 7,148 1 5,000 1,947 6,705 Capital stock paid i n ................... Surplus fund ................................... Undvided profits, n e t................... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Demand certificates of deposit Savings deposits (book acc’t) Savings certificates of d ep osit.. Club savings deposits ................. Customers’ bonds left with bank for safe keeping............... $20,000 00 6,650 00 3,230 43 Total ............................................ $181,275 17 2,161 11 40,956 125 81,633 21,380 3,187 61 00 64 63 75 1,950 00 33 31 00 00 72 386 54 1,950 00 $181,275 17 No. 182. THE STATE B A N K OF CROSWELL, CROSWELL. Organized November 15, 1895. John P. M D N , J r .. P r e s i d e n t j H . W . W i x o n , F r a n k L. F e n t o n , V i c e P r e s i d e n t s ; H . A i t k i n , V i c e P r e s i d e n t a n d C a s h i e r j M. K. D a v i s , A s s i s t a n t C a s h ie r . John P. Niggeman, Jr., Melvin H. Aitken, H. W . W ixon, H. H. Learmont, J. Frank Matthews, Frank L. Fenton. ig g e m a n e r v in i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts : Commercial .................................... Savings ............................................ Real estate m ortgages : Commercial ................................. Savings ............................................ Bonds and securities : Commercial ................................... Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial .................................... Total cash on hand : Commercial ................................... Savings ............................................ Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Other real estate............................. Outside checks and other cash items Stock of Fédérai Reserve bank Liabilities. $214,992 49 25,522 87 35,115 50 242,253 14 697,900 00 187,850 00 28,154 31 23,500 00 00 32,500 00 41 00 228,967 29 2,734 37 686,292 78 233,527 22 263,079 41 63,806 56 12,660 17,480 177 12,500 6,400 2,062 41 62 88 00 00 50 322 20 3,450 00 T otal ............................................ $1,574,148 48 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n . $90,000 Surplus fund ................................... Undivided profits, n e t. 26,047 Reserved for taxes, interest, depreciation, etc......... 11,000 Commercial deposits subject to check ................................................ Cashier’s checks ........................... Time commercial certificates of deposit ............................................ Savings deposits (book acc’t ) . . Savings certificates of d ep osit.. T otal ............................................ $1,574,148 48 66 STATE BANKING D EPAR TM E N T No. 568. THE STATE BA N K OF CRYSTAL, CRYSTAL. Organized August 26, 1915. R ay B in k l e y , P r e s id e n t; D i r e c t o r s .—-R. B. Smith, Jam es H. S t e e r e , V i c e P r e s i d e n t ; E a r l J. F r o s t , C a s h ie r . James H. Steere, M. J. McConkie, Ray Binkley, Ira Cummings, C. DeYoung, Earl J. Frost. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................... Real estate m ortg age s: Commercial ................................... Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ....................... Total cash on hand: Commercial ................................... Savings ............................................ Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Due from banks other than in reserve cities ............................... Customers’ bonds left with bank for safe keeping............ Outside checks and other cash items ................................................ T otal ............................................ $114,657 78 9,600 00 33,579 25 46,600 84 15,429 51 2,491 81 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Demand certificates of deposit State moneys on dep osit............ Savings deposits (book acc’t) Savings certificates of deposit. . Customers’ bonds left with bank for safe keeping............ $20,000 00 15,000 00 4,028 53 T otal ............................................ $250,697 26 36,323 74,132 10,000 47,801 37,161 21 82 00 12 58 6,250 00 6,995 31 3,846 2,000 39 5,000 3,598 58 00 19 00 57 269 03 6,250 00 339 39 $250,697 26 No. 529. THE DAGGETT STATE BANK, DAGGETT. Organized May 27, 1912. A ndrew D i r e c t o r s .-— E. e n g , P r e s i d e n t ; D . R . L a n d s b o r o u g h , V i c e P r e s i d e n t ; C. O . L a r s e n , C a s h i e r ; G e o r g e H. B e r g s t r o m , A s s i s t a n t C a s h ie r . Andrew E . Weng, D . R . Landsborough, Arthur A. Weng, Chas. Peterson, Wencle Dolsky. W Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................... Savings .......................................... Real estate m ortg age s: Commercial .................................... Savings ............................................ Bonds and securities: Commercial .................................... Savings .......................................... Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ....................... T otal cash on h a n d : Commercial .................................... Savings .......................................... Overdrafts ........................................ Banking house ............................ Furniture and fixtures.................. Other real estate............................. Due from banks other than iD reserve cities ............................ Customers’ bonds left with bank for safe keeping............... Outside checks and other cash items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $51,434 79 32,214 59 17,825 89 28,868 55 24,936 95 60,217 98 24,526 81 3,208 00 Capital stock paid i n ......... $20,000 Surplus fund .................................... 20,000 Undivided profits, net ............... 1,191 Commercial deposits subject to check ................................................ 73,458 Demand certificates of d e p o s it.. 11,610 Cashier’s checks ........................... 1,348 Savings deposits (book acc’t ) . . 134,048 Bills payable ................................... 22,000 Customers’ bonds left with bank for safe keeping............... 400 00 00 86 90 42 38 74 00 00 550 00 2,526 11,500 52 2,000 2,400 17,059 53 00 28 00 00 74 4,210 51 400 00 125 68 $284,058 30 T otal ............................................ $284,058 30 67 STATE BANKS OF MICHIGAN No. 176. *D A T ISON STATE BAN K , DAVISON. Organized December 23, 1894. Jam es D H. B a x t e r , P r e s i d e n t ; i r e c t o r s .— I. J. B e r r y , V i c e P r e s i d e n t ; C. E. L e a c h , C a s h i e r j C. S. S t o m b a u g h , J. W . H a r l a n , A s s i s t a n t C a s h ie r s . James H. Baxter, S. T. Hall, F. J. Smith, F. W . Knapp, C. E. Leach, I. J. Berry, J. M. Van Buskirk, A. S. Harrison, Grant Stimson. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings ............................................ Due from Federal Reserve bank : Commercial ................................. Savings ............................................ Due from banks in reserve cities : Commercial ................................. Savings ............................................ T otal cash on hand : Commercial ................................... Savings ............................................ Overdrafts .......................................... Banking house ............................... Furniture and fixtures................. Other real estate......................... Customers’ bonds left with bank for safe keeping.............. Stock of Federal Reserve bank Other assets ...................................... T otal Liabilities. $213,829 10 63,744 31 9,046 17 148,458 21 20,914 00 27,272 00 497 02 4,500 00 1,762 78 12,264 36 323 9,000 150 4,000 4,000 12,943 Capital stock paid i n ................... Surplus fund ...................: .............. Undivided profits, n e t................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ............................. Savings deposits (book acc’t ) .. Savings certificates of deposit. Club savings d eposits................... Notes and bills rediscounted.. Bills payable ................................. Customers’ bonds left with bank for safe keeping............... $50,000 00 25,000 00 15,186 53 T otal ............................................ $553,418 81 90,230 02 40,986 75 7 20 268,168 24 10,984 79 3,345 89 24,209 39 9,000 00 16,300 00 91 00 97 00 00 78 16,300 00 2,250 00 162 00 $553,418 81 ■"March 2, 1931, The Farmers State Bank, Davison, consolidated with the Davison State Bank, Davison. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 68 STATE BANKING DEPARTMENT No. 459. *THE DEARBORN STATE BAN K , DEARBORN. Organized May 20, 1910. H K a l m b a c h , P r e s i d e n t ; E . G. L i e b o l d , C. L . P a r k e r , V i c e P r e s i d e n t s ; C h a s . R . S m i t h , C a sh ie r ; R o y L . F e r g u s o n , R u s s e l l F . S m i t h , R a l p h A . S c h l o p p , A ssista n t C a sh ie r s; erman J. W . B l a n k e r t z , A u d i t o r . D i r e c t o r s . — Edsel B. Ford, Herman Kalmbach, E. G. Liebold, H. L. Burdeno, C. L. Parker, Jesse W . Bollinger, M. B. Wallace. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................... $744,115 35 Savings ............................................ 246,064 55 Real estate m o rtg a g e s: Savings ............................................ 1,622,313 37 Bonds and securities: Commercial .................................... 311,538 44 Savings ............................................ 1,892,507 98 Due from Federal Reserve bank : Commercial .................................... 137,863 46 Savings .......................................... 200,000 00 Due from banks in reserve cities : Commercial .................................... 228,048 23 T otal cash on hand : Commercial .................................... 80,848 36 Savings ............................................ 7,589 01 Banking house ............................... 399,640 90 Furniture and fixtures................. 64,771 70 Other real estate............................. 22,609 64 Customers’ bonds left with bank for safe keeping............ 259,250 00 Stock of Federal Reserve bank 15,000 00 Accrued interest, receivable (net) ................................................ 17,506 22 Other asse ts........................................ 1,426,723 47 Trust department: Cash .................................................. 376 51 Due from banks in reserve cities ............................................ 13,442 60 Securities ........................................ 176,042 50 T otal ............................................ $7,866,252 29 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers Savings deposits (book acc’t ) . . Savings certificates of deposit. Club savings d eposits................. . Customers’ bonds left with bank for safe keeping.......... Other liabilities ............................. Trust departm ent: Trust deposits— totals .......... Total $300,000 00 200,000 00 41,857 56 80,419 50 2,664,308 36 323 30 47,732 38 68,540 15 3,823,452 01 148,603 31 15,000 00 259,250 00 26,904 11 189,861 61 $7,866,252 29 ‘ January 31, 1931, The Peoples State Bank, Inkster, was consolidated with the Dearborn State Bank. March 31, 1931, The American State Bank, Dearborn, merged with the Dear born State Bank, Dearborn. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 69 STATE BANKS OF MICHIGAN No. 743. »G U ARD IAN B A N K OF DEARBORN, DEARBORN. Organized November 26, 1926. Three Branches. J. M a u r i c e , P r e s i d e n t ; O r e n O . O t i s , V i c e P r e s i d e n t ; W a r r e n J. R a c h o w , E x . V i c e P r e s i d e n t ; E m m a n u e l C. L i n d m a n , V i c e P r e s i d e n t a n d C a s h i e r ; W a l t e r H. B e l l , J r ., P. J. W i n e s , W m . O . G i e r k , J o s e p h A . G e o r g e , A s s is t a n t C a s h i e r s ; A l f r e d Z a h r n , C o m p tr o lle r . D i r e c t o r s .— George R. Andrews, Clarence H. Booth, L. J. Craig, E. G. Liebold, Frank J. F rank Maurice, A. J. Peoples, Clarence E. W ilcox, Albert B. Lowrie, Harrison F. Clippert, Warren J. Rachow, Anthony M. Esper, H al H. Smith, Herbert H. Gardner, Joseph Henn, Joseph M. Karmann, W m . B. Mayo, Ferdinand Porath, Jr. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. $1,155,143 56 Savings ............................................ 74,300 00 Real estate m ortgages : Commercial .................................... 55,375 00 Savings ............................................ 872,066 03 Bonds and securities : Commercial .................................... 1,213,679 56 Savings ............................................ 1,763,695 47 Due from Federal Reserve bank : 327,673 96 Commercial ................................. Savings ............................................ 100,000 00 Due from banks in reserve cities : Commercial ................................. 761,419 41 Exchanges for clearing house: Commercial ................................... 480 84 T otal cash on hand: Commercial ................................. 79,638 61 Savings ............................................ 80,000 00 Overdrafts ........................................ 75 66 Banking house ............................... 364,434 39 Furniture and fixtures................. 80,556 76 Other real estate........................... 57,100 00 Due from banks other than In reserve cities ............................... 736,217 94 Outside checks, and other cash items ................................................ 1,017 54 Stock of Federal Reserve bank. 21,000 00 Accrued interest, receivable (net) ................................................ 63,164 80 Other assets ...................................... 9,675 00 T otal ............................................ $7,816,714 53 Liabilities. Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check; .............................................. Demand certificates of deposit. Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers State moneys on dep osit.......... U. S. government d eposits........ Industrial investment certifi cates .................................................. Savings deposits (book acc’t ) . . Savings certificates of deposit. Club savings d eposits................. $400,000 00 300,000 00 40,510 47 198,689 10 3,733,321 112,044 419 19,699 18,621 50,000 70,000 81 98 63 96 43 00 00 2,186 2,272,288 514,347 84,584 82 23 99 11 T otal ............................................ $7,816,714 53 ♦July 31, 1931, The Bank of Commerce, Dearborn, and the Union State Bank of Dear born, merged with the Bank of Dearborn. ♦August 7, 1931, The Bank of Dearborn, Dearborn, changed its title to Guardian Bank of Dearborn, Dearborn. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 70 STATE BANKING DEPARTMENT No. 692. PEOPLES W A Y N E COUNTY B A N K OF DEARBORN. Organized June 6, 1922. One Branch. W D H. M c C l e n a h e n ., P r e s i d e n t ; G e o . W i l e y , E d w i n J. E c k e r t , V i c e P r e s i d e n t s ; W e s l e y E. S m i t h , C a s h ie r . Charles P. Clippert, Edwin J. Eckert, Charles J. Horger, Arthur E. Loch, W m . H. McClenahen, Albert P. Ternes, George W iley, John H. Schaefer, Robert W . Ford, John R. Bodde, H. L. Chittenden, John H. Hart, Benj. G. Vernor, Albert E. Green, E. K. Matlock, Mark A. Wilson. m . i r e c t o r s .— Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................... Savings ............................................ Real estate m ortgages : Savings ............................................ Bonds and securities: Commercial .................................... Savings .......................................... Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ................... Exchanges for clearing house: Commercial .................................... T otal cash on hand : Commercial .................................... Overdrafts ........................................ Banking house ............................... Accrued interest, receivable (net) ................................................ Other assets .................................... Total $553,901 09 347,964 46 700,388 76 512,187 50 630,645 57 173,736 93 207,500 00 969 10 Capital stock paid i n ....... $200,000 00 200,000 00 Surplus fund ................................. Undivided profits, n e t..... 50,887 69 Dividends unpaid ......................... 4,943 95 Reserved for taxes, interest, depreciation, etc............. 36,870 88 Commercial deposits subject to check ................................................ 1,077,358 49 Certified checks ............................. 2,233 01 Cashier’s checks ............................. 23,847 76 Due to other banks and bankers 14,660 07 Savings deposits (book acc’t ) .. 1,690,697 94 Savings certificates of deposit. 30,366 77 Club savings d eposits....... 24,523 25 62,469 13 44 88 132,626 70 31,858 11 2,097 58 Total $3,356,389 81 $3,356,389 81 No. 102. THE FIRST STATE BANK , DECATUR. Organized August 15, 1890. E. E. C o p l e y , P r e s i d e n t ; D i r e c t o r s .— L. E. V a n A ntw erp, V ic e P r e s id e n t; H. H. C r e a g a n , C a sh ier; Belle A. Baker, E. E. C o p le y /H . H . Creagan, L. E. Van Antwerp, J. E. Maxwell. Statement September 29, 1931. Resources. Loans and discou nts: Commercial .................................... Savings ............................................ Real estate m o rtg ages: Commercial .................................... Savings ............................................ Bonds and securities: Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ....................... T otal cash on h a n d : Commercial .................................... Savings .......................................... Overdrafts .......................................... Banking house ............................ Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keepin g............... Outside checks, and other cash items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $220,554 02 29,515 00 39,368 61 113,938 32 71,961 00 52,175 00 45,515 18 5,000 00 $40,000 00 Capital stock paid i n ......... Surplus fund .................................... 11,700 00 Undivided profits, n e t....... 4,804 28 Reserved for taxes, interest, depreciation, etc................ 5,767 00 Commercial deposits subject to check ................................................ 147,538 07 Demand certificates of deposit. 169,387 25 Cashier’s checks ........................... 1,495 Q5 Savings deposits (book acc’t ) . . 170,366 77 Savings certificates of deposit. 53,671 88 Bills payable .................................... 35,000 00 Customers’ bonds left with bank for safe keeping.............. 69,000 00 26,000 00 6,185 5,000 169 13,830 3,000 6,749 50 00 61 00 00 43 69,000 00 768 63 $708,730 30 T otal ............................................ $708,730 30 71 STATE BANKS OF MICHIGAN No. 335. THE DEERFIELD STATE BANK , DEERFIELD. Organized March 10, 1906. W m . F. W D e is in g e e , i e e c t o b s .— P r e sid e n t; W m . F. W m . T. A t k i n , V i c e P r e s i d e n t ; H . R o b e e t s , A s s i s t a n t C a s h ie r . Weisinger, W m . T. Atkin, E. Roberts. W. F Logan, eed W. K in g , C a sh ierj Arthur J. Ingold, G uy Guy H . Statement September 29, 1931. Liabilities. Resources. Capital stock paid i n ................... Loans and discou nts: $46,457 41 25,260 00 Savings ............................................ Real estate m o rtg ages: Commercial .................................... Savings ............................................ Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... T otal cash on hand: Commercial ................................... Savings .......................................... Overdrafts .......................................... Furniture and fixtures................. Other real estate............................. T otal 17,000 00 58,495 00 23,350 00 9,892 95 8,500 00 Undivided profits, n e t................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks ........................... Savings deposits (book acc’t ) . Club savings d eposits................. Bills payable ................................... $20,000 00 12,500 00 2,123 93 51,607 12,301 275 116,546 2,511 17,500 23 06 08 28 60 00 11,800 00 1,883 5,000 97 3,229 24,400 ............................................ 08 00 74 00 00 $235,365 18 T otal ............................................ $235,365 18 No. 301. THE DELTON STATE BANK, DELTON. Organized November 3, 1904. F eed D i e e c t o e s .— O. H u gh es, W P r e s id e n t; W illi a m m . E l l io t t , V ic e P r e s id e n t A s s i s t a n t C a s h ie r . and C a sh ie r ; M ax R eyn o lds, Elliott, Geo. J . Foster, Silas S. Doster, T . A . Aldrich, Fred O . Hughes, Chas. H. Hughes, Jennie H. Aldrich. Statement September 29, 1931. Resources. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. Capital stock paid i n $20,000 Surplus fund .................................... Undivided profits, n e t. 10,974 Commercial deposits subject to check ................................................ Savings deposits (book acc’t ) .. Savings certificates of deposit. . Loans and discou nts: Commercial .................................... Sayings .......................................... Real estate m ortg age s: Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... T otal cash on h a n d : Commercial .................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Other real estate............................. D ue from banks other than in reserve cities ............................... Outside checks, and other cash items ................................................ $50,502 53 36,350 52 138,674 75 14,000 00 00 10,000 00 98 48,708 07 178,557 53 112,765 84 69,854 37 27,750 00 14,844 466 8,510 2,628 15,759 61 06 14 45 86 1,213 38 451 75 $381,006 42 T otal ............................................ $381,006 42 72 STATE BANKING D EPAR TM E N T AM ERICAN TRUST COMPANY, DETROIT. Organized M ay 12, 1917. F. C l i p p e r t , P r e s i d e n t j J o h n C. S h a w , J. K. F i t z s i m m o n s , V i c e P r e s i d e n t s ; J o s e p h W . W a d e , S e c r e t a r y a n d T r e a s u r e r ; H e n r y P. M e l o c h e , A s s i s t a n t S e c r e t a r y . D i r e c t o r s .— Harry Allen, Chas. F. Clippert, A. Fitzgerald, R. G. Lambrecht, Albert R. Lonyo, U. Grant Race, Julius H . Moeller, J. K. Fitzsimmons, Edw. H . Rogers, Ralph S. Lane, H. O. Chrysler. Ch as. Statement September 29, 1931. Resources. Liabilities. Collateral lo a n s: Time ................................................ $4,023 33 Other loans ...................................... 14,141 58 Loans on real estate m ortgages : In office .......................................... 5,871,939 07 B o n d s: In office .......................................... 204,082 65 Due from other banks and bankers ............................................ 70,950 78 Interest, insurance, taxes, rec. 103,933 68 Matured m ortgages pled g ed .. 70,000 00 5,700 00 Items in tra n sit.................. Advances to tru sts............ 16,824 44 332,879 50 Other real estate............... Real estate m ortgages and cash securing debentures, and par ticipation certificates.................... 523,200 00 Premiums paid, land contracts rec. pledged ................................. 326,184 96 Land contracts rec. unpledged 278,539 52 Furniture and fixtures.... 1,189 64 Accrued interest and prepaid expense .......................................... 1,579 10 Expenses exceeding earn in g s.. 147,702 41 Other assets ...................................... 1,315 77 T otal ............................................ $7,974,186 43 Capital stock paid i n ...... $500,000 Reserve for taxes, etc.... 19,456 Due to banks and bankers . . . 216,469 Bond redemption (matured bonds outstanding) ................. 820,302 Coupon redemption (matured 98,985 bonds outstanding) ................... Trust deposits ............................... 27,740 Debentures ........................................ 66,000 Participations outstanding ... 443,100 Real estate bonds, sold under guarantee ...................................... 5,066,300 Bills payable ................................... 245,262 Expense r e tu r n a b le ........... 2,192 Construction loans ....................... 20,150 M ortgages payable, land con tracts unpledged ....................... 162,200 M ortgages payable, land con tracts pledged ............................. 144,580 Other liab ilities: M ortgages payable real estate 141,445 00 78 82 94 84 91 00 00 00 70 44 00 00 00 00 T otal ............................................ $7,974,186 43 BA N K ERS TRUST COM PANY OP DETROIT, DETROIT. Organized April 26, 1917. A r t h u r W e b s t e r , C h a irm a n o f th e B o a rd . G e o . V. N. L o t h r u p , R a l p h N i x o n , O t t o G. W i s m e r , V i c e P r e s i d e n t s ; A r t h u r A. P r a b e l , S e c r e t a r y a n d T r e a s u r e r ; O l i n W y m a n , A s s i s t a n t S e c r e t a r y a n d T r e a s u r e r ; A . B. F a u s e r , A s s i s t a n t S e c r e t a r y ; N e l s o n F. A d a m s , T r u s t O ffic e r ; J o h n L y n c h , A s s i s t a n t T r u s t O fficer. D i r e c t o r s .— Jno. C. Bills, W alter C. Brandon, Fred Burton, Frank C. Cook, Frank D. Eaman, Harry W . Hanson, Claude M. Harmon, Frederick J. Haynes, Earl I. Heenan, G. V. N. Lothrop, W alter B. Maurice, Ralph Nixon, M. Hubert O’Brien, Chas. A. Parcells, Robert Shiell, James M. Teahen, Glenn F. Turnbull, Otto G. Wismer, Joseph J. Kennedy, Arthur Webster. Statement September 29, 1931. Resources. Liabilities. Collateral lo a n s: $3,170 44 Tim e ................................................ Other loans ........................................ 2,266,262 45 Loans on real estate m ortgages : 249,911 89 In office .......................................... 200,337 75 W ith state treasurer................. B o n d s: In office ........................................ 1,425,668 52 Due from approved reserve 389,459 97 depositaries ................................. 700 00 Cash ...................................................... 17,627 78 Items in tra n sit............................... 5,239 08 Advances to tru sts......................... 229,676 07 Other real estate............................. 199,437 50 Stocks .................................................. 612,319 66 Other investments ....................... Real estate m ortgages securing debentures .................................... 26,535,089 03 174,055 04 Banking house ............................. 1,900 00 Furniture and fixtures................. 296,880 91 Other assets ...................................... Capital stock paid i n ................... $1,000,000 00 Surplus fund .................................... 700,000 00 Undivided profits (less expenses, interest and taxes p a i d ) . .. . 1 5 1 ,8 0 1 4 4 Reserve for taxes, etc................ 4,882 85 Corporate agency d eposits........ 32,732 4 l Trust deposits ............................... 292,110 40 Debentures ........................................ 26,284,116 01 Real estate m ortgages s o l d . . . . 2,266,262 45 Bills payable ................................. 1,653,243 41 Other liabilities ............................. 222,587 12 Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $32,607,736 09 Total $32,607,736 09 73 STATE BANKS OF MICHIGAN •CITY IN D U STRIAL BAN K , DETROIT. Organized November 26, 1927. W . L e w i s , P r e s id e n t ; F r a n k W . H u b b a r d , G l e n n F . T u r n b u l l , V ic e P r e s id e n ts ; L. R u g g , S e c r e t a r y ; I r a B. S c h m i d t , A s s i s t a n t S e c r e t a r y ; A . G. R o p p , T r e a s u r e r . Montgomery Whaling, Ira B. Schmidt, A. G. Ropp, C. L. Rugg, Eugene W . Lewis, Glenn F. Turnbull, Frank W . Hubbard, Samuel C. Mumford, Chas. T. Bush. E ugene D i r e c t o r s .— C. Statement September 29, 1931. Resources. Liabilities. L oans, viz.: Notes receivable, industrial plan .................................................. Notes receivable oth er................. Certificate of deposit................... Accrued interest on certificate of deposit ...................................... Due from banks in reserve cities Total ............................................ $13,341 25 1,997 25 158,936 13 1,105 15 982 62 Capital stock paid i n ................... Surplus fund and undivided profits .............................................. Reserve for taxes, interest, etc. Payments on installment cer tificates, hypothecated .......... Payments on installment cer tificates, unhypothecated . . . Investment certificates out standing .......................................... Collections ........................................ $125,000 00 Total ............................................ $176,362 40 $176,362 40 956 43 11,695 48 8,305 20 13,672 29 16,550 00 183 00 * January 27, 1932, The Industrial Morris Plan Bank, Detroit, consolidated with the City Industrial Bank, Detroit, under charter of the City National Bank and name of “ Industrial Morris Plan Bank of Detroit.” No. 580. COMMONWEALTH COMMERCIAL STATE BANK , DETROIT. Organized April 12, 1916. Twenty-two Branches. J. W . M c C a u s e y , C h a irm a n o f t h e B o a r d ; M a r t in E. G a l v in , C h a ir m a n of th e E x ecu tiv e F r a n k W o l f , P r e s i d e n t ; F r e d 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 , V i c e P r e s i d e n t s : H o w a r d P. P a r s h a l l , V i c e P r e s i d e n t a n d C a s h i e r ; 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 s s is ta n t C a s h ie r s ; R . F . T h o m s o n , A u d ito r . ’ D i r e c t o r s ^— Frank Hooker Alfred, David H. Barnett, Frank G. Baxter, James B Bradley John H. Castle, Richard Earhart, Thomas Forman, Alexander Freeman, M E Galvin, James H . Garlick, Clarence E. Gittins, John S. Haggerty, Paul H. K ing H W m Klare Ernest O. Knight, Dean Lucking, J. W . McCausey, T. J. W . McCausey, Daniel P. Markey’ Guy W . Moore, Robert Oakman, H. P. Parshall, Earl H . Shedd, W alter F Sheetz Wm W . Smith, W m . H. Steger, Carl T. Storm, Fred H . Talbot, Comfort A. Tyler, Clyde I. Webster, F r a n k W olf, Arthur E. Wood. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... $2,509,401 Savings .......................................... 1,827,918 Real estate m ortgages : Commercial .................................... 76,914 Savings ............................................ 4,940,759 Bonds and securities : Commercial .................................... 2,348,730 Savings ............................................ 602,411 Due from banks in reserve cities : Commercial ................................... 920,966 U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... 1,024,056 Exchanges for clearing house : 293,896 Commercial ................................... T otal cash on hand : Commercial .................................... 372,800 Savings ............................................ 300,000 Overdrafts .......................................... 3,813 Banking house ............................... 566,963 Furniture and fixtures................. 94,032 Other real estate ........................... 293,784 Due from banks other than in reserve cities ............................... 62,289 Customers’ bonds left with bank for safe keeping............ 70,481 Outside checks, and other cash items ................................................ 4,287 Accrued interest, receivable (net) ................................................ 174,661 Other assets ...................................... 145,179 Liabilities. 96 40 56 24 47 60 93 86 25 06 00 16 16 10 37 16 92 70 80 99 T otal ............................................ $16,633,349 69 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................... $1,000,000 00 Surplus fund .................................... 1,000,000 00 Undivided profits, n e t................. 325,265 70 Dividends unpaid ......................... 1,893 25 Commercial deposits subject to cheek ................................................ 4,340,037 39 Demand certificates of deposit. 68,022 63 Certified checks ............................. 20,951 94 Cashier’s checks ........................... 131,730 13 Due to other banks and bankers 200,797 10 State moneys on d eposit............ 205,822 95 U. S. Government d eposits........ 308,753 50 Savings deposits (book acc’t ) .. 7,396,625 42 Savings certificates of deposit. 208,167 94 Club savings d eposits................. 697,801 45 Personal loan dept, repayments 579,474 00 Customers’ bonds left with bank for safe keeping ............ 70,481 92 Accrued interest and expense payable (net) ............................. 71,594 15 Other liabilities ............................. 5,930 22 T otal ............................................$16,633,349 69 STATE BANKING DEPARTMENT 74 No. 47. THE DETROIT SAYINGS BA N K , DETROIT. Organized 1849. Reorganized July 18, 1871. Twenty-seven Branches. J o h n M . D w y e r , C h a i r m a n o f th e B o a r d . L D u n h a m , P r e s id e n t ; J. M o r e l a n d M a t t i n g l y , A s s is t a n t to P r e s id e n t ; J a s . H . D o h e r t y , J o h n C . D i l w o r t h , W il s o n F l e m in g , L . A . W i l s o n , V ic e P r e s id e n t s ; K e n n e t h P a t o n , V ic e P r e s id e n t and C a sh ie r j E d w i n D . K a y , C e c il S. H u n t , C . C . B o g a n , A s s is t a n t V i c e P r e s i d e n t s i W m . H . W a t s o n , E d w . J. 1 ) e e ^ F r e d C . A n d r e w s ^ H . N . B a x e n d a l e ^ T h e o B . D o r a n , D e r v in e T . G o u in , H e r m a n A . L o e f f l e r , S a m u e l D . M u l l i n , A s s is t a n t C a s h i e r s : J. a / M e n n e r , S u p e r i n t e n d e n t o f B r a n c h e s ; H . N . B a x e n d a l e , A u d i t o r . D i r e c t o r s — Sidney T. Miller, Sr., Charles A . Dean, Jr., Geo. T . Hendrie, John M. Dwyer, W alter David S Carter, Fred’k T. Ducharme, Jas. T. McMillan, Ralph Stoepel, James H. Doherty, Sidney T. Miller, Jr., W alter L. Dunham, E. D. Stair, Chas. M. Roehm, Edward S. Evans, Edward E. MacCrone, Claude M. Harmon. Statement September 29, 1931. Liabilities. Resources. Loans and D iscou n ts: Commercial ................................. $8,507,194 Savings .......................................... 1,950,010 Real estate m ortg age s: Commercial ................................. 209,916 Savings .......................................... 17,741,779 Bonds and securities: 2,287,470 Commercial ................................. Savings .......................................... 10,690,796 Due from Federal Reserve Bank : Commercial ................................. 500,756 Savings .......................................... 1,060,000 Due from banks in reserve cities : Savings .......................................... 562,481 Exchanges for clearing h o u se: Savings .......................................... 303,999 T otal cash on h a n d : Commercial .................................. 82,980 Savings .......................................... 400,000 Overdrafts ........................................ 413 Banking house ............................... 2,095,225 Furniture and fixtures ............... 145,337 Other real estate ........................... 245,245 Due from banks other than in reserve cities ............................... 742,107 Customers’ bonds left with bank for safe keeping ....................... 194,631 Outside checks and other cash items ................................................ 129,678 Stock of Federal Reserve Bank 126,000 Accrued interest, receivable 518,654 (net) ................................................ Customers’ acceptance and let ters of credit ............................... 38,169 Other assets ...................................... 255,013 T otal 18 28 88 14 59 63 20 00 39 24 34 00 28 53 23 37 89 75 43 00 17 00 50 ............................................$48,787,861 02 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................... $1,500,000 00 Surplus fund ................................... 2,700,000 00 Undivided profits, net ................. 431,451 83 Dividends unpaid........................... 63,750 00 Reserved for taxes, interest, depreciation, etc......................... 60,648 74 Commercial deposits subject to check ................................................ 9,885,149 55 Demand certificates of deposit. 720 73 Certified checks............................... 48,900 61 Cashier’s checks ............................. 313,214 99 Due to other banks and bankers 911,526 45 U. S. Government deposits . . . 1,418,768 20 Savings deposits (book account) 28,135,155 49 Savings certificates of d ep osit.. 1,901,407 28 Club savings deposits ................. 721,745 80 Customers’ bonds left with bank for safe keeping ....................... 194,631 75 Customers’ acceptances and let ters of credit ............................... 38,169 00 Accrued interest and expense payable (net) ........................... 359,815 35 Other liabilities ........................... 102 805 25 T otal ............................................$48,787,861 02 STATE BANKS OF MICHIGAN 75 DETROIT TRUST COMPANY, DETROIT. Organized November 15, 1900. R a l p h S x o n e , C h a i r m a n o f t h e B o a r d ; A l b e r t E. G r e e n , V i c e C h a i r m a n o f t h e B o a r d . B r o w n in g , P r e s id e n t ; L a w r e n c e K . B u t l e r , C h a s . P . S p ic e r , S e l d o n B . D a u m e , E r n e s t K . M a t l o c k , C. T o m D a r n t o n , A l b e r t B . H o f f m a n , J u l iu s C. P e t e r , H e n r y H a r t , H a r r y L. S t a n t o n , B r l e H . H e n d e r s o n , C . M . J u s t i c e , V i c e P r e s i d e n t s j F r e d e r i c k J. M c G a v i n , R o b e r t L. N i x o n , H e r b e r t V . P u s c h , H a r r y R . G l e e s o n , A l f r e d S n y d e r , A s s is ta n t V ic e P r e s id e n t s ; W i l l i a m J. T h o m a s , T r e a s u r e r ; N o r t o n J. M i l l e r , A. C . M u n r o , R o y L. T h u r m a n , A s s i s t a n t T r e a s u r e r s ; R . Y . C u t l e r , M a r c u s B o s t w i c k , L e o n a r d G. B e c k e t t , J o h n J. S p o u t z , E. S . S n y d e r , C . B . L e o n a r d , A s s i s t a n t S e c r e t a r i e s ; P h i l D. H a l l , B e r t H. W i c k i n g , D e a n E. R y m a n , F . J . O ’D o n n e l l , P a u l R . B a r t o n , J o h n O . K e i m , V . C . F r a t c h e r , C h a s . E. H o w a r d , A. W . M a s s n i c k , D o n a l d J . G a r p o w , L e o J. M c M i l l a n , L e o J. M c C l a r t y , R . C . S i m p s o n , A r t h u r K i e r n a n , A. R . C a m p b e l l , J o h n C. C h a m b e r l a i n , W a l t e r E. M a r t i n , T r u s t O ff i c e r s ; H . C . V a n E v e r y A u d i t o r . M cP h e r so n D i r e c t o r s .— Frank H. Alfred, Standish Backus, John Ballantyne, W illiam T Barbour Calvin P. Bentley, Warren S. Booth, Thos. J. Bosquett, Edgar W . Bowen, McPherson Browning Arthur H. Buhl, Lawrence K. Butler, Leo M. Butzel, David S. Carter, H. L. Chittenden Emory W . Clark, James E. Danaher, R. E. Danaher, James E. Davidson, Horace E Dodge’ Jr., D. Dwight Douglas, Samuel T. Douglas, W alter L. Dunham, John M Dwyer C g ’ Edgar, Dexter M. Ferry, Jr., Charles T. Fisher, John B. Ford, Jr., Albert E. Green ’ Julian H . Harris, Oren S. Hawes, Christian H. Hecker, Edward J. Hickey, James S Holden Edwin C. Lewis, Eugene W . Lewis, Sidney T. Miller, Sidney T. Miller Jr Peter j ’ Monaghan, M. J. Murphy, John T. Nichols, James V. Oxtoby, Daniel L. Quirk Jr Horace H . Rackham, Fred J. Robinson, Charles M. Roehm, W alter Scotten, Wesson Seyburn Henry Shelden, Charles P. Spicer, Edward D. Stair, Henry G. Stevens, Ralph Stone, Richard H . Webber, Mark A. Wilson, Charles W right, Jr. Statement September 29, 1931. Resources. Liabilities. Collateral lo a n s: Tim e .................................................$11,210,582 Demand .......................................... 256,348 Loans on real estate m ortgages : In office ........................................ 16,367,251 W ith state treasurer ................... 218,620 B onds: In office ......................... 12,731,019 Due from approved reserve depositaries ................................. 8,854,311 Due from other banks and bankers .......................................... 1,134,754 Cash and cash ite m s...................... 56,068 Items in transit ........................... 2,122,228 Advances to trusts ....................... 2,927,967 Other real estate............................ 2,404,746 ................................................ 4,250,000 Stocks Banking house ............................... 2,104,915 Accrued income receivable........ 1,008,231 Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 82 31 36 00 98 91 25 98 39 51 34 00 77 21 $65,647,046 83 Capital stock paid i n ................... $3,000,000 00 7,000,000 00 Surplus fund ................................. Undivided profits (less expenses, 2,818,580 00 interest and taxes p a id )___ Reserve for taxes and contin gencies ............................................ 2,268,140 68 Reserve for guarantee of other banks d eposits............................. 322,545 75 Trust deposits ............................... 14,145,623 28 Accrued interest ........................... 134,301 86 Certificates of deposit ............... 35,957,855 26 Total $65,647,046 83 76 STATE BANKING DEPARTMENT *EQUITABLE AND CENTRAL TRUST CO., DETROIT. Organized November 18, 1926. T h o m a s N e a l , C h a ir m a n . A. N e a l , P r e s i d e n t ; D o n a l d E . L a w r e n c e , E x e c u t i v e V i c e P r e s i d e n t ; R o b e r t D. A d a m s , C h a r l e s A. N y m a n , O l i v e r D. M a r c k s , V i c e P r e s i d e n t s ; J u l i u s H . M o e l l e r , A l e x a n d e r H . F o s t e r , V i c e P r e s i d e n t s a n d T r u s t O f f i c e r s ; J a m e s A. V e n a b l e , V i c e P r e s i d e n t an d C o m p t r o lle r ; J o h n K . F i t z s i m m o n s , W i l l i a m C. H a i n e s , A l b e r t C . D i c k s o n , S t o r m V a n d e r z e e , W a l t e r G. W i s e m a n , J o s e p h W . W a d e , A s s is ta n t V ic e P r e s id e n t s ; J o h n C . S h a w , S e c r e t a r y an d T r u s t O ffic e r ; H e n r y P . M e l o c h e , F red E . S e y f e r t , E d w a r d L. C a r l e t o n , L l o y d S. A s p i n w a l l , A s s i s t a n t S e c r e t a r i e s ; A r c h i e C . S m i t h , T r e a s u r e r ; W a l t e r A. P o r t e r , T r u s t O f f i c e r ; G o r d o n V. B r o w n , W i l b u r J . D ’a n a h e r , A s s i s t a n t T r u s t O ffic e r s ; N o r m a n L a n e , A u d ito r . D i r e c t o r s .— Thomas Neal, Herbert V. Barbour, Leo M. Butzel, Edgar A. Guest, S. L. K ir k e Merriam, Arthur D. Holmes, Bernard E. Hopper, Donald E. Lawrence, Lynn McNaughton, Kirke A. Neal, Miron W . Neal, Frederic B. Stevens, James Vernor, Jr., W illiam T. Walker, J. Frazer Whitehead, Edward E. Horner, Ralph S. Lane. Statement September 29, 1931. Resources. Liabilities. Collateral lo a n s: Time ................................................ $1,255,025 23 Loans on real estate m ortgages : In office ........................................ 708,656 26 W ith state treasurer ............... 202,024 68 B onds: In office ......................... 1,019,683 27 Due from approved reserve 789,141 00 depositaries ................................. Due from other banks and bankers .......................................... 35,000 00 Cash .................................................... 75,849 32 Items in transit ........................... 5 09 238,510 73 Advances to trusts ....................... Other real estate ........................... 56,516 73 Stocks ................................................ 114,659 83 Furniture and fixtures ............... 91,212 05 Accrued interest and prepaid expense .......................................... 90,744 19 Capital stock paid in ................. $1,000,000 00 Surplus fund ................................... 500,000 00 Undivided profits (less expenses, 109,909 50 interest and taxes p a id )........ Reserve for taxes, etc................... 27,666 77 Due to banks and bankers . . . . 463 000 00 Corporate agency deposits . . . . 494,744 30 Trust deposits ............................... 253,379 81 Bills payable ................................. 100,000 00 Securities sold subject to re purchase agreement, redis counts .............................................. 30,198 20 Accrued interest ........................... 21,110 80 Other liabilities ............................. 193 65 Bank departm ent: Commercial deposits subject to check .................................... 507,932 72 Certified checks ......................... 416 52 Cashiers checks ......................... 27,522 71 Savings deposits— book acc’ts 459,789 13 Certificates of deposit subject to savings b y-law s ............ 681,164 27 T otal .......................................... $4,677,028 38 T otal .......................................... $4,677,028 38 ♦January 20, 1932, The Equitable and Central Trust Co., Detroit, changed its title to Equitable Trust Co., Detroit. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 77 STATE BANKS OF M ICHIGAN *FID E LITY BA N K AND TRUST COMPANY, DETROIT. Organized July 19, 1923. S. C l a y t o n , P r e s i d e n t j G e o r g e B. Y e r k e s , R i c h a r d W . T h o m a s , L e v e r e t t E. F i t t s , J o h n H. P a t r i c k , V i c e P r e s i d e n t s ; F r e d L. D a y , P a u l W . E a t o n , P a u l P. M e i l i n k , D o n a l d T . W e b s t e r , A s s i s t a n t V i c e P r e s i d e n t s ; R o y R . M c D a n e l d , T r e a s u r e r ; D . J. M i l n e , C. B. P o w e l l , H. N. R o b l i n , A s s i s t a n t T r e a s u r e r s ; J. L. B r u b a k e r , S e c r e t a r y ; H a r o l d W . C o o p e r , A l f r e d H a r r i s , A s s i s t a n t S e c r e t a r i e s ; C. B. N a i r n , A u d i t o r . D i r e c t o r s .— Chas. B. Bohn, Thomas S. Clayton, Gilbert L. Daane, Albert B. Lowrie, Thomas S. Merrill, Charles L. Raymond, Richard W . Thomas, Mrs. Matilda R . W ilson, W . A. Sells, T hom as George B. Yerkes. Statement September 29, 1931. Resources. Liabilities. Collateral lo a n s : Time ................................................ $2,441,037 81 Demand .......................................... 486,486 23 Other loans ...................................... 152,442 71 Loans on real estate m ortgages : In office .......................................... 673 088 50 W ith state treasurer ............... 201,038 00 B onds: In office ......................... 3,061,509 12 Due from approved reserve de 1,160,345 43 positaries ..................................... Due from other banks and bankers .......................................... 10,000 00 Outside checks and cash items 26,689 76 Cash .................................................... 58,134 70 Items in transit ........................... 110,169 04 Overdrafts ........................................ 1,917 80 234,743 74 Advances to trusts ....................... Other real estate ........................... 268,246 96 Banking house ............................... 667,289 26 Furniture and fixtures ............... 53,210 53 Accrued income receivable (net) ................................................ 186,997 25 59,496 78 Other assets ................................... Capital stock paid in ............... $1,000,000 00 Surplus fund .................................... 500,000 00 Undivided profits (less expenses, interest and taxes p a id )........ 34,018 90 Contingent reserves ................... 764,880 46 Trust deposits ............................... 1,391,991 61 Bills payable ................................. 854,149 50 Accrued interest and expenses 192,193 97 payable (net) ............................. Banking departm ent: Commercial deposits subject 1,748,125 51 to check ................................... Demand certificate of deposit 895,934 75 Certified checks ......................... 4,595 22 Cashier’s checks ....................... 12,562 61 Due to banks and b an k ers.. 283,791 75 Savings deposits— book acc’ts 421,488 45 Certificates of deposit subject to savings b y -la w s ............... 1,749,110 89 T otal .......................................... $9,852,843 62 T otal .......................................... $9,852,843 62 ♦April 14, 1931, The Fidelity Trust Co., Detroit, changed its title to Fidelity Bank and Trust Co., Detroit. ♦Closed October 7, 1931. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 78 STATE BANKING DEPARTMENT No. 738. * GUARDIAN DETROIT BANK, DETROIT. Organized April 29, 1927. Twenty Branches. T. M u k p h y , C h a ir m a n o f t h e B o a r d ; E b n e s t K a n z l e r , C h a i r m a n o f t h e E x e c u t i v e C o m m i t t e e ; G e o r g e B . J o d s o n , V ic e C h a irm a n o f th e B o a rd . R o b e r t O. L o r d , P r e s i d e n t ; J a m e s L. W a l s h , E x e c u t i v e V i c e P r e s i d e n t ; D o n P. V a l l e y , P h e l p s N e w b e r r y , C h a s . A. K a n t e r , F r e d J. B e y e r , E l b e r t S. B u r n s , A l v a n M a c a u l e y , J r ., P r a n k P. E v a n s , J r ., V i c e P r e s i d e n t s ; W . R oss L a i n g , J o h n S. W e l l s , J o h n N. D a l e y , B e n j a m i n P. S a y l o r , D a n P. C a u l k i n s , J a s . J. O ’ S h e a , A s s i s t a n t V i c e P r e s i d e n t s ; J o h n B. D e w , C a s h i e r ; E a r l T. M c C o n n e l l , N o r m a n R u d o l p h , C l i f t o n S. G o o d i n , G e o r g e L. G r e e n u p . J o h n R. W a l s h , G o r d o n T. M u r r a y , D o u g l a s G. M c C r a c k e n , B. L o r a i n N o r t o n , L. E. Z u b r i g g , A s s i s t a n t C a s h i e r s ; G u s t a v e 1 A. W e l l e n s i c k , A u d i t o r . P eed D i r e c t o r s .— Wendell W . Anderson, George R. Andrews, Roger M. Andrews, Henry E. Bodman, Howard Bonbright, Clarence H . Booth, W alter O. Briggs, Roy D. Chapin, Howard E. Coffin, George R. Cooke, Frank Couzens, Lyman J. Craig, W ard A. Detwiler, G. Ogden Ellis, Henry T. Ewald, W illiam A. Fisher, Edsel B. Ford, Luinan W . Goodenough, Leslie H. Green, C. H. Haberkorn, Jr., Sherwin A. H ill, George B. Judson, Albert Kahn, Charles A. Kanter. Ernest Kanzler, Jerome E. J. Keane, Ernst C. Kern, Arthur J. Lacy, Robert O. Lord, Alvan Macauley, W . Ledyard Mitchell, C. Hayward Murphy, Fred T. Murphy, Phelps Newberry, Andrew J. Peoples, Francis J. Plym, Henry H. Sanger, James L. W alsh, W m . Robert W ilson, Clarkson C. Wormer, Jr. Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. $49,355 843 Real estate m ortgages : Commercial ................................. 217,535 Savings .......................................... 15,,045,599 Bonds and securities : Commercial ................................. 29,477,049 Savings .......................................... 5,000,000 Due from Federal Reserve Bank : Commercial ................................. 8,617,174 Savings .......................................... 1,260,000 Due from banks in reserve cities : Commercial ................................. 7,264,174 Savings .......................................... 1,100,000 Exchanges for clearing house: Commercial ................................. 1,271,100 Total cash on hand : Commercial ................................. 674,524 Savings .......................................... 190,992 Overdrafts ........................................ 1,475 Banking house ............................... 3,104,187 Furniture and fixtures ............... 1,633,774 Other real estate ........................... 489,066 Due from banks other than in reserve cities ............................... 1,885,182 Customers’ bonds left with bank for safe keeping ....................... 1,747,750 Outside checks, and other cash items ................................................ 381,525 Stock of Federal Reserve Bank 330,000 Accrued income, receivable (net) 650,325 Customers’ acceptances and let ters of credit ............................... 226,780 T otal Liabilities. 29 21 83 76 00 61 00 41 00 23 76 62 02 04 46 19 18 Capital stock paid in ................. Surplus fund ................................. Undivided profits, net ............... Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers .......................................... State moneys on deposit .......... U. S. Government deposits . . . . Tim e commercial certificates of deposit ............................................ Savings deposits (book acc’t) Savings certificates of deposit. Club savings deposits ............... Customers’ bonds left with bank for safe keeping............... Customers’ acceptances and let ters of credit ............................... Other liabilities ........................... $5,000,000 6,000,000 1,013,701 861 00 00 19 35 1,042,096 15 73,127,001 51 227,819 34 416,586 47 10,522,339 26 740,713 87 3,801,527 47 3,446,791 20,654,675 1,461,151 480,764 26 91 79 75 1,747,750 00 226,780 00 13,500 00 00 49 00 22 00 ........................................$129,924,060 32 T otal ........................................$129,924,060 32 “ December 31, 1931. The Guardian Detroit Bank merged with the National Bank of Commerce, Detroit, under title of “ Guardian National Bank of Commerce” , Detroit. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 79 STATE BANKS OF MICHIGAN *IN D U STRIAL MORRIS PLA N BANK, DETROIT. Organized August 10, 1917. Six Branches. W . L e w i s , P r e s i d e n t ; P r a n k W . H u b b a r d , G. P. T u r n b u l l , S a m u e l C. M u m f o r d , C h a r l e s T. B u s h , V i c e P r e s i d e n t s ; A. G. R o p p , T r e a s u r e r ; C. L. R u g g , S e c r e t a r y ; W . R. M c L e a n , J o h n M . S t i r l i n g , A s s is t a n t T r e a s u r e r s ; J. B . R i c h a r d s o n , H . S. M cQ u e e n , A ss is ta n t S e c r e ta r ie s ; E d w a r d A . T a u b , A u d ito r . D i r e c t o r s — E. R. Ailes, W m . C . AUee, Charles T. Bush, Leo M. Butzel, Prank Cody, Howard E ugene E. Coffin, W alter bard, J . P. Hartz, J. Morris, Samuel Turnbull, W illiam L. Dunham, Harold H . Emmons, Jos. G. Hamblem, Jr., Prank W . Hub Earl Holley, Louis Kamper, Julian H. Krolik, Eugene W . Lewis, Arthur C. Mumford, Frank E. Price, Mason P. Rumney, W alter P. Tant, G. P. M. Walker, Montgomery Whaling, Austin L. Babcock, Burt R. Shurly. Statement September 29, 1931. Resources. Liabilities. Loans, viz.: Notes receivable: Industrial plan ......................$10,232,372 46 Other .......................................... 122,367 20 28,782 35 Trade acceptances ................... 134,157 48 Other investments ....................... Certificates of deposit ............... 796,550 00 Municipal bonds ........................... 774,165 49 Real estate m ortgage bonds .. 325,191 02 Miscellaneous bonds ................... 316,678 64 Real estate m ortgages ............... 1,402,411 12 Accrued interest on bonds . . . . 35,169 54 Due from banks in reserve cities 461,456 48 Cash on hand ............................... 220,201 35 Furniture and fixtures ............... 44,291 78 Other resources ............................. 60,683 17 $500,000 00 Capital stock paid in ............... 1,000,000 00 Surplus fund ................................... Undivided profits, earned.......... 389,978 41 Reserve for taxes, interest, etc. 372,889 25 Discount collected unearned. . 421,479 69 Dividends unpaid ..................... . 15,000 00 Payments on instalment certi 4,334,485 80 ficates, hypothecated ............ Payments on instalment certi ficates, unhypothecated . . . . 7,246,573 82 Investment certificates outstand ing .................................................... 656,646 52 Collections ........................................ 17,424 59 Total ..........................................$14,954,478 08 Total ..........................................$14,954,478 08 »January 27, 1932. The Industrial Morris Plan Bank, Detroit, consolidated with the City Industrial Bank, Detroit. ^LEONARD TH RIFT BANK , DETROIT. Organized March 23, 1928. E D d w in D. L e o n a r d , P r e s i d e n t ; W . O. N a s h , C a s h i e r ; H. C. C h i l s o n , S e c r e t a r y . Edwin D. Leonard, J . Paul LaPontaine, II. C. Chilson, C. K. Dean, E. Warwick. i r e c t o r s .— Statement September 29, 1931. Liabilities. Resources. L oans, viz.: Notes receivable, industrial plan .............................................. Due from banks in reserve cities Cash on hand ................................. Furniture and fixtures ............... T otal .......................................... $161,622 46,290 200 364 12 16 00 25 $208,476 53 ♦September 3, 1931, The Metropolitan Leonard Thrift Bank, Detroit. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid in ................. Surplus fund ................................. Undivided profits, earned.......... Reserve .............................................. Discount collected unearned .. Payments on instalment certicates, hypothecated ............... T otal .......................................... Industrial Bank, Detroit, $100,000 00 20,000 00 9,186 20 927 43 5,884 14 72,478 76 $208,476 53 changed its title to 80 STATE BANKING DEPARTM EN T MICHIGAN IN D U STRIAL BAN K , DETROIT. Organized September 24, 1926. A. T e m p l e t o n , P r e s i d e n t ; G e o r g e B. Y e r k e s , L. S. C a r r i c k , H. L. W a d s w o r t h , V i c e P r e s i d e n t s ; S. P. K i n g , S e c r e t a r y . D i r e c t o r s .— Harold L. Wadsworth, W illiam A. Wheeler, George B. Yerkes, T. F. Daigle, Frank C. Cook, John H. French, F. J. Haynes, Fred J. McDonald, A. E. Noble, George K. March, John M. McKerchey, B. F. Mortenson, A. J. Peoples, J. Alfred Pip, A. A. Schantz, S. V. Taylor, J. M. Teahen, Allan A. Templeton, W m . R. Kales, Aaron DeRoy, Addison E. Holton, Frank E. Parker, Don F. Valley. A llan Statement September 29, 1931. Resources. Liabilities. Eoans, viz: Notes receivable: Industrial p la n ......................... $2,766,604 21 Other .......................................... 950,045 56 Other investments ....................... 22,242 50 Real estate m ortgage bonds .. 4,500 00 Miscellaneous bonds ................... 202,062 25 Accrued interest on bonds . . . . 3,626 94 Due from banks in reserve cities 72,152 66 Cash on hand ............................... 14,302 79 Checks and other cash ite m s.. 6,821 35 Furniture and fixtures ............... 20,087 42 218 65 Claim s, judgem ents, etc............ T otal .......................................... $4,062,664 33 Capital stock paid in ............... Surplus fund ................................... Undivided profits, earned.......... Reserve for taxes, interest, etc. Discount collected unearned . . Payments on instalment certi ficates, hypothecated ............. Payments on instalment certi ficates, unhypothecated . . . . Investment certificates out standing ........................................ Notes and bills payable .......... Total $500,000 125,000 67,778 44,965 62,828 00 00 72 59 48 1,415,675 59 348,262 61 1,208,278 34 289,875 00 .......................................... $4,062,664 33 No. 563. THE NORTHW ESTERN STATE BAN K , DETROIT. Organized April 14, 1915. Two Branches. C. M a r t i n d a l e , P r e s i d e n t ; F r a n k E. V i g n o e , P e t e r P r o c h a s k a , W a l e s C. M a r t i n P r e s i d e n t s ; A l l e n H. F. M a r t i n d a l e , V i c e P r e s i d e n t a n d C a s h i e r ; C l e m e n t A s s i s t a n t C a s h i e r ; E d w a r d F. C a m p b e l l , A s s i s t a n t C a s h i e r a n d A u d i t o r . D i r e c t o r s .— W ales C. Martindale, Thomas F. Browne, Peter Prochaska, Frank E Vignoe F. Carew Martindale, Allan H. F. Martindale, W ales C. Martindale, Jr. W ales d a l e , V ic e C. R o e h l , Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m o rtg a g e s: Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings Dept, only ................... T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping .......... T otal Liabilities. $73,912 51 38,909 12 723,457 66 98,790 50 200,605 87 25,636 69 49,624 45 50,000 00 13,343 40,000 176 12,313 7,795 22,341 86 00 52 35 92 55 00 00 36 00 77 03 00 36 38 00 08 22 80 00 4,400 00 ............................................ $1,361,308 00 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .... $25,000 Capital stock paid in 50,000 Surplus fund ................................. Undivided profits, net .... 4,101 Dividends unpaid ......................... 4 Reserved for taxes, interest, depreciation, etc......... 21,353 Commercial deposits subject to check ................................................ 114,625 Demand certificates of deposit 25,000 Certified checks ............................. 1,689 Cashier’s checks ........................... 12,437 Industrial investment certificates 100 Savings deposits (book acc’t) 1,043,713 Savings certificates of deposit 10,998 Club savings deposits .... 47,885 Customers’ bonds left with bank for safe keeping ....................... 4,400 T otal ............................................ $1,361,308 00 81 STATE BANKS OF MICHIGAN No. 750. »PEOPLES W AY N E COUNTY BAN K , DETROIT. Organized February 4, 1928. 138 Branches. W i l s o n W . M i l l s , C h a ir m a n o f t h e B o a r d a n d C h a ir m a n o f t h e E x e c u t i v e C o m m i t t e e j T. W . P . L i v i n g s t o n e . V ic e -C h a i r m a n o f t h e B o a r d . J o h n R . B o d d e , P r e s i d e n t ; D o n a l d N . S w e e n e y , E x e c u t i v e V i c e P r e s i d e n t ; C h a r l e s H. A y e r s , G e o r g e A. B u r n s , D. W . D a ic e r , E d w i n J. E c k e r t , C l i f f o r d H . H y e t t , B. H. J o h n s o n , G e o r g e C . J o h n s t o n , G e o r g e H. J o h n s t o n e , E . R . L e w r i g h t , A r t h u r E . L o c h , R o b e r t B. L o c k e , F r e d D. L o r i m b s , A. H . M o o d y , R o b e r t H. M o o r e , W . J. N e s b it t , P r a n k E. O ’ B r i e n , C . E. P a r t r i d g e , R u p e r t P l e t s c h , R a l p h J. R o m e r , G e o r g e W i l e y , V ic e P r e s id e n t s ; A l f r e d T. W i l s o n , C a s h i e r ; G. W . B e a s l e y , C h a r l e s P . B e s a n c o n , H e r b e r t W . B o y l e s , F r e d T. C o u g h l i n , E . M . E r l e n b a c h , E a r l J. F a i l o r , E d w a r d F o r m e l l , C h a r l e s E . G r a y , L e o D. H e a p h y , R. A. K r u g e r , H u g h M c C l e l e n d , J r ., H a y s M e t c a l f , C h a r l e s H . N o r t h r o p , J o h n H, R o o k s , J o h n W . S c h m i t t , A l b e r t O . W e r n e r , A n d r e w O . Z i n k , G e o r g e T. B r e e n , G e o r g e F . B u h r e r , G e o r g e W . C i l l e y , S i d n e y J. D o w d i n g , M . S . S c h o c h , L e w i s W a g g o n e r , M i l t o n S . W e b b , A s s i s t a n t C a s h i e r s ; R a y H . M u r r a y , B o n d O f f i c e r ; F r e d C . M e r e s t , A s s i s t a n t B o n d O fficer. D i r e c t o r s .— A. A. Albrecht, Frederick M. Alger, Ford Ballantyne, George H. Barbour, W illiam T. Barbour, John R. Bodde, Julian P. Bowen, Clarence M. Burton, Charles F. Collins, Ray E. Danaher, W m . M. Dillon, John M. Donaldson, Geo. W . Drennan, Fred J. Fisher, Richard H. Fyfe, Henry A. Haigh, Fred W . Hodges, James S. Holden, Frank W . Hubbard, J. C. Hutchins, W . H. Kirn, E. O. Krentler, Henry Ledyard, S. R. Living stone, T. W . P. Livingstone, James T. McMillan, W illiam B. Mayo, John A. Mercier, Wilson W . Mills, Lucian S. Moore, Jr., James O. Murfln, M. J. Murphy, Frank J. Navin, Truman H. Newberry, W illard Ohliger, Geo. Harrison Phelps, Julius Porath, U. Grant Race, Fred J. Robinson, W alter S. Russel, Wesson Seyburn, Robert Shiell, Howard F. Smith, Orla B. Taylor, W m . M. Walker, John W . W atling, Oscar Webber, Richard II. Webber, George W iley, John Ballantyne, D. W wight Douglas, Edwin J. Eckert, Ralph Gilchrist, Henry Shearer, Donald N. Sweeney, Mark A. Wilson. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................. $54,327,171 Savings .......................................... 69,405,566 Real estate m ortgages : Savings ...........................................132,544,584 Bonds and securities : Commercial ................................. 71,359,421 Savings .......................................... 6,500,000 Due from Federal Reserve bank : Commercial ................................. 11,037,275 Savings .......................................... 7,075,000 Due from banks in reserve cities : Commercial ................................. 14,277,856 Exchanges for clearing house : 4,497,159 Commercial ................................. T otal cash on hand : Commercial .................................. 3,424,479 Overdrafts ........................................ 32,524 Banking house ............................... 10,095,773 Other real estate ........................... 3,229,746 Due from banks other than in reserve cities ............................. 2,600,559 Outside checks, and other cash items ................................................ 3,605,950 Stock of Federal Reserve bank 1,350,000 Accrued interest, receivable (net) ................................................ 2,605,489 Customers’ acceptances and let ters of credit ............................... 5,439,997 Other assets .................................... 29,725,129 Total 82 48 57 19 00 38 00 82 19 09 86 31 90 95 99 00 Capital stock paid i n ....................$15,000,000 Surplus fund ................................. 30,000,000 Undivided profits, net ............... 5,827,318 Dividends unpaid ......................... 4,264 Reserved for taxes, 'interest, depreciation, etc......................... 4,792,291 Commercial deposits subject to check .................................................107,439,681 Certified checks ........................... 432,110 Cashier’s checks ........................... 4,423,010 Due to other banks and bankers 17,450,490 1,504,068 State moneys on d eposit.......... U. S. Government deposits . . . . 9,392,053 Tim e commercial certificates of deposit ............................................ 4,568,173 Savings Deposits (book acc’t) 203,305,624 Savings certificates of deposit 16,585,179 Club Savings deposits ............. 2,414,801 Bonds sold subject to repur chase ................................................ 160,000 Customers’ acceptances and let ters of credit ............................... 5,539,683 Accrued interest and expense payable (net) ............................. 4,294,935 00 00 28 06 88 11 93 23 87 41 73 27 58 39 40 00 57 27 68 41 36 $433,133,686 98 Total $433,133,686 98 »March 27, 1931, The American State Bank, Detroit, and the Michigan State Bank, Detroit, merged with the Peoples W ayne County Bank of Detroit. ♦December 31, 1931, The Peoples Wayne Co. Bank, Detroit, merged with the First National Bank in Detroit, under title of “ First W ayne National Bank” , Detroit. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 82 STATE BANKING D EPAR TM E N T UNION GUARDIAN TRUST COMPANY, DETROIT. Organized November 24, 1890. F rank W . B l a i r , C h a irm a n B o a r d ; R obert o f t h e B o a r d ■ C l i f f o r d B . L o n g l e y , V i c e C h a ir m a n O . L o r d , C h a irm a n o f t h e E x e c u t i v e C o m m itte e . of th e J o h n N. S t a l k e r , P r e s i d e n t ; J o e l H . P r e s c o t t , L e w i s K. W a l k e r , P h e l p s N e w b e r r y , C h a r l e s R . D u n n , A n d r e w L . M a l o t t , R a l p h E. B a d g e r , E x e c u t i v e V i c e P r e s i d e n t s ; M e r r i l l . C. A d a m s , V i c e P r e s i d e n t a n d S e c r e t a r y ; C h a r l e s E. C l a r k , V i c e P r e s i d e n t a n d T r e a s u r e r ; C h a r l e s H . A d a m s , M o r s e D . C a m p b e l l , R u d o l p h E. K o f e l i c h , C h a r l e s N. C r o s m a n , C l i n t o n F. B e r r y , A . D o u g l a s J a m i e s o n , E. L . D e a c o n , J . M o n r o e R o n e y , L a w r e n c e J . T o o m e y , A l v i n W . B o n d , E u g e n e A . M i l l e r , J o h n C. E v a n s , E r n e s t C. H a r r i s , J o s e p h J . C a v a n a u g h , A . B. P f l e i d e r e r , J o h n L . C o t t e r , G. R . H a r r i s , V ic e P r e s id e n t s ; C h a r l e s A . M e y e r , T h o m a s J. T e a r e , J a m e s A . P ie r c e , C. S t e w a r t B a x t e r , G e o r g e E. P a r k e r , J r ., G e o r g e W . W i l l i a m s , T r u s t O f f i c e r s ; H a r r y S l a t e r , A s s i s t a n t t o t h e P r e s i d e n t ; H e r o l d G. W o o d r u f f , A . A . F. M a x w e l l , W e s l e y J . C a r l y l e , W i l l i a m B. M c N a l l y , W i l l i a m J . D i c k s o n , H a r o l d W . B u c k h e i t , A s s i s t a n t V i c e P r e s i d e n t s ; W a y n e W . P u t n a m , A s s i s t a n t V i c e P r e s i d e n t a n d A s s i s t a n t S e c r e t a r y ; M i l l a r d E. B o w l u s , A r t h u r S. G i l m o r e , N e d W . A n d r u s , W i l l i a m H . E r s k i n e , R o b e r t T. F l a t t e r y , T h o m a s L. P a t t o n , H e r b e r t H. S c h o e n b e r g , L u c i u s A . T h o m a s , G e o r g e D . C l a r k , E d w a r d L. A lward, E. A rthur E d w a r d s, A ssista n t S e c r e ta r ie s ; W a lt e r C. H a r t w ig , A ssista n t T r e a s u r e r ; E. J o h n L a n t z , A u d i t o r ; I r v i n g C. T u t t l e , A s s i s t a n t A u d i t o r . D i r e c t o r s .— Frederic G. Austin, Arthur G. Bishop, Frank W . Blair, Henry E. Bodman, Howard Bonbright, Judson Bradway, W alter O. Briggs, John A. Bryant, Harry C. Bulkley, Roy D. Chapin, George R. Cooke, Frank Couzens, Paul H . Deming, Aaron DeRoy, J. W alter Drake, Charles R. Dunn, George R. Fink, John W . Finkensteadt, Adolph Finsterwald, W illiam A. Fisher, Burch Foraker, Edsel B. Ford, John H. French, Luman W . Goodenough, Leslie H . Green, C. H. Haberkorn, Jr., A. B. C. Hardy, Carlton M. Higbie, Harley G. Higbee, Sherwin A. Hill, Charles H. Hodges, Hobart B. Hoyt, James Inglis, W m . R. Kales, Ernest Kanzler, Jerome E. J. Keane, George H. Klein, Dwight B. Lee, Clifford B. Longley, Robert O. Lord, Alvan Macauley, Andrew L. Malott, Francis C. McMath, Duncan J. McNabb, Louis Mendelssohn, W . Ledyard Mitchell, Fred T. Moran, Charles S. Mott, W illiam K. Muir, C. Hayward Murphy, Fred T. Murphy, Edwin H. Nelson, Phelps Newberry, Robert Oakman, Ransom E. Olds, Joel H . Prescott, George B. Russel, John R. Russel, Murray W . Sales, Henry H. Sanger, A. A. Schantz, Alger Shelden, Allan Shelden, Hal H . Smith, Oscar W . Smith, John N. Stalker, B. F. Stephenson, B. E. Taylor, Sir Henry Thornton, John M. Toolin, George W . Trendle, Luther S. Trowbridge, Carl B. Tuttle, Harrington E. Walker, Hiram H. Walker, Lewis K. Walker, Charles B. Warren, Arthur T. W aterfall, Charles E. W ilson, W m . Robert W ilson, Clarkson C. Wormer, Jr., L. A. Young. Statement September 29, 1931. Resources. Collateral lo a n s : Tim e ................................................ $11,860,184 Demand .......................................... 1,072,948 Accounts receivable ..................... 26,837 Loans on real estate m ortgages : In office .......................................... 19,907,430 W ith state treasurer ............... 218,946 B onds: In office ......................... 7,346,037 Due from approved reserve de positaries ...................................... 5,393,079 r»ue from other banks and bankers .......................................... 1,047,002 Outside checks and cash items 1,654 Cash .................................................... 53,222 Items in tra n sit............................... 118,053 Advances to trusts ....................... 4,093,303 Other real estate ......................... 3,499,724 Stocks ................................................ 1,094,607 Other investments ....................... 2,011,077 Furniture and fixtures ............... 369,356 Accrued interest and other in come ................................................ 1,777,606 Other assets .................................... 60,870 T otal Liabilities. 67 11 51 30 33 76 48 57 60 65 75 26 83 08 66 06 49 00 .......................................... $59,951,943 11 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid in ................. $5,000,000 00 2,500,000 00 Surplus fund ................................. Undivided profits (less expenses, interest and taxes p a id )........ 629,443 07 Reserve for taxes, etc.................. 1,852,972 86 Trust deposits ............................... 18,217,674 32 Accrued interest, taxes and ex pense ................................................ 452,189 17 Certificates of deposit ............... 31,224,543 69 Other liabilities ............................. 75,120 00 Total $59,951,943 11 83 STATE BANKS OF M ICHIGAN No. 386. THE UNITED SAVINGS B A N K OF DETROIT. Organized June 30, 1907. L a v e r n e B a s s e t t , P r e s i d e n t ; A l b e r t F. P e c k , W m . W . S l o c u m , G e o r g e V. B a s h a m , M. F. L a n p h a r , V i c e P r e s i d e n t s ; T h o s . E. B r y a n , C a s h i e r ; E a r l W. A l l e s , H u b e r t O. C o f f m an , E verett K . G o d f r e y , A s s is t a n t C a s h i e r s ; E d w i n R e n b e r g , A s s is t a n t C a sh ier and A u d i t o r ; T h o s . T . D u n n , T r u s t O fficer. D i r e c t o r s .— Henry M. Zimmerman, Albert F. Peck, Henry W . Standart, Laverne Bassett, George V. Basham, W illiam W . Slocum, Howard M. Warner, Melvin F. Lanphar. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Savings .......................................... $19,616 68 Real estate m o rtg ages: Savings ............................................ 11,668,443 44 Bonds and securities: Savings .......................................... 1,169,023 38 Due from Federal Reserve bank : Savings .......................................... 423,715 35 Due from banks in reserve cities : Savings .......................................... 483,228 79 U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................... 1,600,000 00 Exchanges for clearing h o u se: Savings .......................................... 15,896 72 Total cash on h a n d : Savings .......................................... 59,644 74 Premium account ....................... 99,654 34 Banking house ............................... 474,508 79 Furniture and fixtures ............... 20,673 57 102,258 63 Other real estate ........................... Due from banks other than in reserve cities ............................. 127,891 40 Customers’ bonds left with bank for safe keeping ....................... 50,800 00 Outside checks and other cash items ................................................ 1,794 83 Stock of Federal Reserve bank 57,000 00 Trust departm ent: 13,176 10 Cash .................................................. Securities ...................................... 14,476 62 Capital stock paid i n ................... $1,000,000 00 Surplus fund ................................. 900,000 00 Undivided profits, net ............... 170,052,69 Reserved for taxes, interest, depreciation, etc.......................... 186,277 65 Savings deposits (book acc’t ) . 13,249,803 58 Savings certificates of deposit. 719,467 28 Club savings deposits ............... 97,749 46 Customers’ bonds left with bank for safe keeping .......... 50,800 00 Trust D epartm ent: 27,652 72 Trust deposits— Totals .......... T otal ..........................................$16,401,803 38 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal ..........................................$16,401,803 38 STATE BANKING D EPAR TM E N T 84 No. 157. THE D EXTER SAVINGS BAN K , DEXTER. Organized February 10, 1893. G. S. F r a n c i s c o ^ P r e s i d e n t a n d C a s h i e r j H e n r y D ie t e r l e , A s s i s t a n t C a s h ie r . D i r e c t o r s .— V ic e P r e s id e n tj M. J. K enny , Henry Dieterle, Eleanor J. Newkirk, Jay Keith, W . C. W ylie, G. S. Francisco, Geo. C. Page, Jay Smith. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................. Real estate m o rtg a g e s: Commercial ................................. Savings .......................................... Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................... Total cash on h a n d : Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ............................. Customers’ bonds left with bank for safe keeping............ Total .......................................... $124,627 88 14,477 25 159,236 94 29,000 00 18,372 75 2,594 79 17,050 00 18,634 324 1,000 3,300 1,496 $40,000 00 Capital stock paid in ................. Surplus fund ................................. 20,000 00 Undivided profits, net .... 11,738 27 Reserved for taxes, interest, depreciation, etc......... 1,000 00 Commercial deposits subject to check ........................................... 105,737 13 Demand certificates of deposit. 402 16 Certified checks ........................... 10 00 Savings deposits (book acc’t ) . 192,612 95 Savings certificates of deposit 18,613 81 Customers’ bonds left with bank for safe keeping............. 12,520 00 29 42 00 00 00 12,520 00 $402,634 32 T otal .......................................... $402,634 32 No. 631. *DIM ONDALE STATE BANK , DIMONDALE. Organized June 30, 1919. W m . J. B a t e m a n , P r e s i d e n t ; John H w ell D i r e c t o r s .— u l l , E. A. L u n d b e r g , , A s s i s t a n t C a s h ie r . V ic e P r e sid e n ts; F. L. C o g s Alice M. Harris, John Hull, W illiam J. Bateman, E. A. Lundberg. Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m o rtg a g e s: Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ..................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ..................... T otal cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ........................... Furniture and fixtures ............... Other real estate ......................... Customers’ bonds left with bank for safe keeping ............. Outside checks and other cash items ................................................ T otal .......................................... ♦Closed December 14, 1931. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $42,610 70 4,885 00 13,000 00 47,208 00 11,000 00 20,200 00 13,903 50 3,000 00 ..... $20,000 00 Capital stock paid in Surplus fund ................................. 10,000 00 ....... 4,440 72 Undivided profits, net Reserved for taxes, interest, depreciation, etc............. 1,000 00 Commercial deposits subject to check .............................................. 33,372 28 Demand certificates of deposit 26,236 98 Cashier’s checks ........................... 1,686 02 Savings deposits (book acc’t). 55,535 88 Savings certificates of deposit 20,566 28 Club savings deposits ..... 4,814 10 Customers’ bonds left with bank for safe keeping .......... 11,300 00 9,850 00 3,534 500 5 3,000 3,000 1,930 69 00 37 00 00 00 11,300 00 25 00 $188,952 26 Total .......................................... $188,952 26 85 STATE BANKS OF M ICHIGAN No. 578. LEE STATE BAN K , DOWAGIAC. Organized January 3, 1916. F E. L red ee, C h a irm a n o f th e B o a rd . W m . J. F i c k i n g e r , P r e s i d e n t ; A. B. G a r d n e r , V i c e P r e s i d e n t ; E. D B ert W ear, A ssista n t N e il B. S w i s h e r , C a s h i e r ; C a s h ie r . i r e c t o r s .— Fred E . Lee, W m . J. Fickinger, A. B. Gardner, Otis Bigelow, Vernon C. Redner, J. N. Bilderback, Arthur F. Frazee, Belle A. Baker, Neil B. Swisher, S. P. Mosher, Carl D. Hosier. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Real estate m ortgages: Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Exchanges for clearing house: Commercial ................................. T otal Cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Furniture and fixtures ............... Other real estate ......................... T otal $264,692 33 48,825 00 43,795 00 376,136 58 155,514 42 62,072 20 20,000 00 Capital stock paid in ....... $125,000 00 Surplus fund ................................. 36,375 00 Undivided profits, net ............... 20,365 11 Reserved for taxes, interest, depreciation, etc............. 5,241 01 Commercial deposits subject to check ................................................ 239,752 45 Demand certificates of deposit 293,065 90 Cashier’s checks ........................... 3,970 46 Savings deposits (book acc’t ) . 233,545 42 Bills payable ................................. 60,000 00 2,633 34 16,587 15,000 477 4,850 6,730 83 00 68 97 00 .......................................... $1,017,315 35 T otal .......................................... $1,017,315 35 No. 351. THE DEYDEN STATE BAN K , DEYDEN. Organized October 20, 1906. L ee D i r e c t o r s .— B P r e s i d e n t ; A. J. S c h a n c k , V i c e P r e s i d e n t ; F l o y d S l a t e , Vice P r e s i d e n t a n d C a s h i e r ; K e n n e t h H . B e r r i d g e , A s s i s t a n t C a s h ie r . Lee Berridge, A. J. Schanck, Gail Schanck, H . L. Parker, Floyd Slate, H . R. Easton, Chas. Foot. e r r id g e , Statement September 29, 1931. Liabilities. Resources. T otal .......................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n $20,000 Surplus fund ................................. Undivided profits, net ...... Reserved for taxes, interest, d e p recia tion , etc..... 987 Commercial deposits subject to Check .............................................. Demand certificates of deposit Certified checks ............................. Savings deposits (book acc’t ) . Savings certificates of deposit Bills payable ................................... Customers’ bonds left with bank for safe keeping ....................... Other liabilities ............................. . Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg a g e s: Commercial ................................. Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................... T otal cash on hand: Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ........... Outside checks and other cash items ................................................ $46,144 53 70,460 95 7,644 34 165,666 85 37,375 00 1,654 02 32,080 06 250 00 1,368 6,000 278 10,200 3,300 4,518 00 20,000 00 1,771 75 00 32,931 64 1,191 50 1,287 25 221,814 58 55,445 33 15,000 00 2,050 00 16,707 00 15 00 15 00 00 00 2,050 00 196 00 $389,186 05 T otal .......................................... $389,186 05 86 STATE BANKING D EPAR TM E N T No. 477. THE DUNDEE STATE SAYINGS BAN K , DUNDEE. Organized February 21, 1911. T hornton D i r e c t o r s .— D ix o n , P r e s id e n t; A rthur M. R i t t e r , V i c e P r e s i d e n t ; E. G. M c L e a n , A s s i s t a n t C a s h ie r s . Thornton Dixon, Arthur M. Ritter, Edwin G. McLean, Carol E. McLean, Seth C. Dixon. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................ Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ............................... Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept,only ...................... Exchanges for clearing house: Commercial ............................... Total cash on hand: Commercial ............................... Savings .......................................... Overdrafts ........................................ Expenses, interest and taxes paid exceeding earn in g s.. Furniture andfixtures ................. Total .......................................... $20,507 85 15,349 50 54,393 06 34,843 86 $20,000 00 Capital stock paid i n ....... Surplus fund .................................... 5,500 00 Commercial deposits subject to check ...................................................... 14,138 03 Savings deposits (book acc’t ) . 34,808 05 Savings certificates of deposit 43,643 11 Bills payable ....................................... 21,000 00 1,408 09 2.545 57 300 00 60 00 1,075 21 3,000 00 02 48 71 5,557 32 $139,089 19 Total .......................................... $139,089 19 No. 142. MONROE COUNTY BANK , DUNDEE. Organized September 7, 1892. C. B . H D is e r , i r e c t o r s .— P r e s id e n t; F rank B enham , E r v in Sm it h , V ic e P r e s id e n t s ; L evi G. W il l ia m s C a s h i e r ; A l i c e M. D a l y , W . J. C o r b i n , A s s i s t a n t C a s h i e r s . Levi G. W illiam s, K . H. Kyper, Frank Benham, C . B. Hiser, George J. Meyer, Ervin Smith. Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages: Commercial ................................. Savings .......................................... Bonds and securities : Savings ............................................ Due from Federal Reserve bank : Commercial .................................. Savings .......................................... Due from banks in reserve cities : Savings .......................................... Exchanges for clearing house: Commercial ................................. Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Other real estate ........................... Stock of Federal Reserve bank Trust department: Securities ...................................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $132,191 68 39,029 81 6,793 76 214,143 82 150,421 75 6,000 00 28,569 42 5,884 11 798 69 9,016 05 2,000 00 Capital stock paid in ................... Surplus fund .................................... Undivided profits, net ............... Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Cashier’s checks ........................... Time commercial certificates of deposit ............................................ Savings deposits (book acc’t) Savings certificates of deposit. Notes and bills rediscounted.. Bills payable .................................... Trust departm ent: T rust deposits— totals ........... $40,000 25,000 8,466 48 00 00 45 00 6,800 00 83,386 49 2,459 68 16,384 86 191,973 39 194,928 10 21,339 84 10,000 00 763 23 95 2,500 00 1,350 00 1,950 00 900 00 $601,550 04 T otal ............................................ $601,550 04 87 STATE BANKS OF M ICHIGAN No. 124. *THE SHIAW ASSEE COUNTY BAN K , DURAND. Organized August 28, 1891. G. B a t e s , P r e s i d e n t ; F. O . N e s b i t t , V i c e P r e s i d e n t ; R. P. T e e t e r s , E x e c u t i v e V ic e P r e s i d e n t ; D . M . T r u m b l e , C a s h i e r ; R o b t . K e r r , J r ., A s s i s t a n t C a s h ie r . i r e c t o r s .-— C . G . Bates, D . M. Trumble, F. M. Hutchinson, F . O . Nesbitt, C . E . Mapes. C D Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept,only ...................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... $219,217 42 7,097 60 21,249 97 392,004 32 125,448 25 238,700 00 51,159 81 20,692 01 26,650 00 27,073 25,200 59 9,881 40 37 41 41 51,000 00 $1,215,433 97 Total Capital stock paid i n .. $25,000 00 Surplus fund ................................... 25,000 00 Undivided profits, net .... 12,236 71 Reserved for taxes, interest, depreciation, etc... 2,000 00 Commercial deposits subject to check .............................................. 212,120 11 Demand certificates of deposit 162,827 66 Certified checks ............................. 504 58 U. S. Government deposits. .. 9,381 22 Savings Deposits (book acc’t) 579,233 55 Savings certificates of deposit 106,552 98 Club savings deposits ..... 19,577 16 10,000 00 Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... 51,000 00 $1,215,433 97 Total ♦August 24, 1931, The First Commercial and Savings Bank, Durand, merged with the Shiawassee County Bank, Durand. No. 601. THE FIRST STATE BAN K , EAST DETROIT. Organized June 28, 1917. A A. M a y , V i c e P r e s i d e n t a n d C a s h i e r ; C h a s . L e i s e , O w e n A. K e r n , A s s i s t a n t C a s h i e r s . _ Nicholas Ameis, Andrew T. Donaldson, Charles H. Hummrich, Paul W . Rein, Charles Schroeder, Harry S. Donaldson, John Bloss, Sr., Louis Stnckler, Frank E. Van Agen. D ndrew T. D o n a l d s o n , P r e s i d e n t ; E d w i n S c h r o e d e r , V i c e P r e s i d e n t ; A r t h u r C. i r e c t o r s .— Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages: Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Furniture and fixtures ............... Other real estate ....................... Due from banks other than in reserve cities ............................. Outside checks and other cash items .............................................. Customer’s acceptances and let ters of credit ............................. Other assets .................................... Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $72,846 69 17,648 75 4,602 49 466,406 74 56,000 00 215,000 00 2,810 86 40,368 79 2,791 11,894 104 5,368 37,220 19 30 13 70 86 Capital stock paid in ............... Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks............................... Savings deposits (book acc’t) . Savings certificates of deposit Club savings deposits ............... Bills payable .................................... Customers’ acceptances and let ters of credit ............................. Other liabilities ............................. $60,000 00 45,000 00 16,802 43 20,801 43 46,065 177 1,545 621,437 8,144 10,767 103,132 15 00 76 64 58 46 36 2,180 00 1,320 00 120 00 215 31 2,180 00 1,795 00 $937,373 81 Total $937,373 81 88 STATE BANKING D EPARTM EN T No. 701. STEPHENS STATE BAN K , EAST DETROIT. Organized June 7, 1923. S t e p h e n s , P r e s i d e n t ; G e o . A. D a n k e r s , V i c e P r e s i d e n t ; P r e s i d e n t a n d C a s h i e r ; H e r m a n A. N e h l s , A s s i s t a n t H enry D i r e c t o r s .-— Henry G eo. T. C a s h ie r . B edard, V ic e Stephens, George A. Dankers, W illiam Benton, Geo. T . Bedard, Chas. A. Retzlaff, Leroy K. Allen, Otto Rosenbusch. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg age s: Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Expenses, interest and taxes paid exceeding earnings . . . . Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Accrued interest, receivable (net) ................................................ Other assets ................................... T otal .......................................... $53,753 89 34,991 29 164,726 95 88,835 00 10,985 00 34,730 41 24,999 72 8,218 54 5,850 63 25 98 $60,000 Capital stock paid i n . Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc....... 823 Commercial deposits subject to check .............................................. Demand certificates of deposit Certified checks ............................. Cashier’s checks ............................. Time commercial certificates of deposit ............................................ Savings deposits (book acc’t ) . Savings certificates of deposit Club savings deposits ...... Bills payable ................................... 00 17,500 00 215 24 15 87,027 10,000 745 6,896 43 00 00 93 4,000 205,905 29,285 6,363 68,906 00 05 04 50 05 3,816 69 38,000 00 17,878 23 5,664 92 4,690 14 500 00 Total $497,667 39 .......................................... $497,667 39 No. 728. EAST GRAND RAPIDS STATE BANK, EAST GRAND RAPIDS. Organized August 25, 1925. L ou is J. D e l a m a r t e r , P r e s i d e n t ; F r e d e r i c A. W urzbu rg, V ic e P r e s id e n t ; W M. S m i t s , J r ., C a sh ier. D i r e c t o r s .— Noyes L. Avery, Frederic A. Wurzburg, Gilbert L. Daane, W m . Alden Smith, John B. Martin, Louis J. DeLamarter, Robert Y. Speir, Arthur M. Godwin, Raymond W . Starr. Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Total .......................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $134,092 77 37,644 00 10,000 00 14,130 00 4,352 52 5,399 36 4,761 500 40 15,618 9,350 Capital stock paid i n ....... $25,000 00 6,500 00 Surplus fund ................................. Undivided profits, net ............... 1,796 47 Reserved for taxes, interest, depreciation, etc............. 527 50 Commercial deposits subject to check .............................................. 152,904 12 Savings deposits (book acc’t ) . 30,597 80 Savings certificates of deposit 10,457 00 Club savings deposits ............... 8,106 52 53 00 80 43 00 $235,889 41 Total .......................................... $235,889 41 89 STATE BANKS OF MICHIGAN No. 462. THE PEOPLES STATE SAVINGS BANK , EAST JORDAN. Organized September 16, 1910. W. D A. P r e s i d e n t ; J o h n J. P o r t e r , R o s c o e M a c k e y , V i c e C o r n e i l , C a s h i e r ; A . V . K e n n y , A s s is t a n t C a sh ier. Stroebbl, i r e c t o r s .— W . A. P r e s id e n ts ; W. G. Stroebel, C. H. W hittington, John J. Porter, Roscoe Mackey, S . E . Rogers, W . H. Parks. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings Dept, only ................. T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Expenses, interest and taxes paid exceeding earnings . . . . Banking house ............................... Other real estate ......................... Customers’ bonds left with bank for safe keeping ....................... T otal .......................................... $116,017 70 15,662 66 35,346 72 94,500 00 7,611 67 10,000 00 .$25,000 00 Capital stock paid in ................. Surplus fund .................................... 18,000 00 Reserved for taxes, interest, depreciation, etc............. 2,500 00 Commercial deposits subject to check .............................................. 47,882 79 Demand certificates of deposit 52,193 42 Cashier’s checks ........................... 835 91 Savings deposits (book acc’t ) . 158,837 74 Bills payable ................................. 10,000 00 Customers’ bonds left with bank for safe keeping ....................... 8,350 00 550 00 8,433 71 9,000 00 27 26 5,264 86 5,000 00 7,835 28 8,350 00 $323,599 86 T otal .......................................... $323,599 86 No. 238. STATE B A N K OF EAST JORDAN, EAST JORDAN. Organized July 9, 1901. W D P. P orter, i r e c t o r s .— W. P r e s id e n t; F red S m i t h , V ic e P r e s id e n t ; R o b e r t L e w i s W . E l l i s , A s s i s t a n t C a s h ie r . A. Cam pbell, C a sh ier; P. Porter, Fred Smith, R. A. Campbell, W . E. Malpass, George Carr, C. H. Pray, H . P. Porter. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg a g e s: Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................. Exchanges for clearing house: Commercial ................................. Total cash on h a n d : Commercial ................................. Savings .......................................... Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Due from banks other than in reserve cities ............................... Customers’ bonds left with bank for safe keeping ....................... Outside checks and other cash items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $124,201 57 25,930 94 72,159 70 100,500 00 188,700 00 47,078 28 57,762 18 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, net ............... Commercial deposits subject to check .............................................. Certified checks ........................... Cashier’s checks ........................... Time commercial certificates of deposit ............................................ Savings deposits (book acc’t) Savings certificates of deposit Customers’ bonds left with bank for safe keeping ....................... $50,000 00 25,000 00 2,837 31 212,791 65 715 54 1,447 62 76,149 81 333,086 53 22 08 6,300 00 46,450 00 49 95 10,343 3,000 5,100 2,300 15,693 67 00 00 00 66 2,733 39 6,300 00 47 20 $708,350 54 Total $708,350 54 90 STATE BANKING D EPAR TM E N T No. 583. EAST LANSING STATE BA N K , EAST LANSING. Organized March 21, 1916. Jacob D S ch epers, P r e sid e n t; E d w a r d H. R y d e r , V ic e P r e s id e n t ; J . L . M i l l e r , A s s i s t a n t C a s h ie r . H. C. L ucas, C a sh ie r ; i r e c t o r s .— Jacob Schepers, Edward H . Ryder, W . S. Foster, Edward Gibbons, H. H. Halladay W ard Giltner, O. H. Bruegel, Arthur J. Clark, Luther H . Baker, H . S. Lucas, Bert J. Baker, D. E. Bates, B. A. Faunce. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... Exchanges for clearing house : Commercial ................................. Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................. Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $359,603 79 128,164 93 145,005 54 233,834 55 25,718 84 190,288 12 27,000 00 16,500 00 1,217 49 32,641 5,000 220 40,000 15,901 27,524 Capital stock paid i n ....... $100,000 00 Surplus fund ................................. 48,500 00 Undivided profits, net ....... 12,007 74 Dividends unpaid ....................... 118 00 Reserved for taxes, interest, depreciation, etc............. 5,620 05 Commercial deposits subject to check .............................................. 628,116 37 Demand certificates of deposit 122,226 55 Certified checks ............................. 4,555 00 Savings deposits (book acc’t ) . 271,397 98 Savings certificates of deposit 6,080 24 Bills payable ................................... 50,000 00 Customers’ bonds left with bank 10,100 00 for safe keeping ....................... 47 00 37 00 90 93 10,100 00 $1,258,721 93 Total $1,258,721 93 91 STATE BANKS OF M ICHIGAN No. 748. *M ICHIGAN STATE BAN K , EAST LANSING. Organized July 14, 1927. W D il l ia m W . P o t t e r , P r e s id e n t ; F o r r e s t F . M u s s u l m a n , V ic e P r e s id e n t j R o n a l d L . S p a l d in g , C a s h i e r ; R . D o n a l d E w i n g , A s s i s t a n t C a s h ie r . W illiam W . Potter, Daniel G . Barr, Guy E . Crook, Hugh A . McPherson, Forrest F . i r e c t o r s .— Musselman, Roland L. Spalding, Herman K. Vedder, W illiam J. Clark. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................. Exchanges for clearing house: Commercial ................................. Total cash on hand : Commercial ................................. Overdrafts ........................................ Expenses, interest and taxes paid exceeding earnings . . . . Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... Total ............................................ $37,671 90 19,950 95 6,260 00 20,973 76 29,953 36 35,765 00 6,460 78 8,950 00 Capital stock paid in ................... Surplus fund ................................. Commercial deposits subject to check .............................................. Demand certificates of deposit Certified checks ............................. Cashier’s checks ........................... Savings deposits (book acc’t) Savings certificates of deposit ..... Club savings deposits Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... $25,000 00 2,500 00 58,197 890 125 516 61,815 10,368 6,797 20,000 60 00 00 51 31 62 00 00 6,000 00 550 00 530 67 3,953 30 25 76 2,052 48 2,530 21 5,984 44 4,597 43 6,000 00 $192,210 04 Total ............................................ $192,210 04 •Closed November 5, 1931. No. 740. PEOPLES STATE BAN K , EAST TAW AS. Organized M ay 24, 1927. W . H. W D i r e c t o r s .— a l l a c e , P r e s i d e n t ; L. G. M c K a y , V i c e P r e s i d e n t ; G. N. S h a t t u c k , C a s h ie r . W . H. Wallace, L. G. McKay, W . A Evans, R. G. Schreck, FTed J. Adams, John H. Schriber, G. N. Shattuck. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... T otal cash on hand : Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $65,476 64 1,400 00 31,736 00 8,825 00 72,719 86 68,903 16 18,000 00 20,064 11 6,000 600 91 47 00 00 $293,737 04 Capital stock paid i n ................. Surplus fund ............................... Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Demand certificates of deposit Certified checks ............................. Cashier’s checks ........................... Savings deposits (book acc’t ) . Savings certificates of deposit Club savings deposits ............... T otal ............................................ $25,000 00 7,750 00 79 75 500 00 135,968 10,532 100 480 101,368 9,276 2,681 98 41 00 29 28 33 00 $293,737 04 STATE BANKING D EPAR TM E N T 92 No. 53. *M ICHIGAN STATE B A N K OF EATON RAPIDS. Organized July 22, 1884. Jam es D H. P r e s i d e n t ; J o h n B. D a v i d s o n , V i c e P r e s i d e n t ; G. A. S p e e r s , C a s h i e r ; G. W . T h u m a , A s s i s t a n t C a s h i e r ; J o h n C. D o r n a n , A u d i t o r . W . E. Webster, H . C. Minnie, John J. Milbourn, J. H. Parks, W . W . Knapp, G. A. Speers, John B. Davidson, Amaziah Crane, Ralph W . Blackmore. Parks, i r e c t o r s .— Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities: Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Exchanges for clearing house: Commercial ................................. Total cash on hand : Commercial ................................. Savings ........................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ....................... Customers’ bonds left with bank for safe keeping ....................... Outside checks and other cash items ................................................ Stock of Federal Reserve bank T otal ............................................ $143,752 63 30,632 00 14,362 98 78,552 62 193,300 00 904 46 10,000 00 4,380 74 7,000 00 177 20 2,669 13,000 19 41,689 6,577 11,733 97 00 24 98 45 00 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Dividends unpaid ....................... Reserved for taxes, interest, depreciation, etc........................ Commercial deposits subject to check .............................................. Demand certificates of deposit Certified checks ............................. Cashier’s checks ........................... Savings deposits (book acc’t) Savings certificates of deposit Club savings deposits ............... Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... $75,000 15,000 2,037 2 00 00 63 37 10,024 82 97,004 14 895 48 376 289,421 20,216 8,683 28,752 14 10 50 03 32 12 41 38 10,200 00 10,200 00 9 55 2,700 00 $571,661 82 Total $571,661 82 ♦Closed December 11, 1931. No. 499. THE EAU CLAIRE STATE BAN K , EAU CLAIRE. Organized March 14, 1912. D H. H. H o g u e , i r e c t o r s .-— Geo. A l f r e d S c h i l l i n g , Pice P r e s i d e n t : K. E. T a t m a n , C a s h i e r R. Dater, H. H. Hogue, Frank Sommer, H. H. Hoadley, K . E. Tatman, Alfred Schilling, W m . F. Dean. P r e sid e n t; Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial .................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................. Furniture and fixtures ............... Other real estate ........................... Outside checks and other cash items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $60,266 05 22,319 44 1,328 59 58,667 56 10,997 38 25,555 00 Capital stock paid in ................. $20,000 00 7,250 00 Surplus fund ................................. Undivided profits, net .... 1,857 56 Reserved for taxes, interest, 1,500 00 depreciation, etc......... Commercial deposits subject to check .............................................. 114,443 56 Savings deposits (book acc’t ) . 54,505 10 Savings certificates of deposit 51,276 02 15,030 10 13,353 25 10,150 00 2,000 2,653 272 4,924 2,300 20,732 00 97 58 14 00 26 281 92 $250,832 24 Total ............................................ $250,832 24 93 STATE BANKS OF MICHIGAN No. 614. PEOPLES W AY N E COUNTY B A N K OF ECORSE. Organized March 21, 1918. One Branch. A D H. M oody, I . J . S a l l i o t t e , C h a ir m a n o f t h e B o a r d . P r e s i d e n t ; F . X . L a f f e r t y , G u y E . P o o l e y , V ic e P r e s i d e n t s ; C a s h i e r ; C. J . L i v e r n o i s , C. R . M e a d , A s s i s t a n t C a s h ie r s . A. P . M c N i v e n , i r e c t o r s .— Charles H. Ayers, M. C. Bourassa. John A. Fry, W alter F. Haass, E. R. Labadie, A. H. Moody, Lacey S. Brown, H. W . Bulkley, D. Dwight Douglas, E. J. Durocher, Chas. L. Heide, F. X . Lafferty, Henry Otis, I. J. Salliotte, Donald N. Sweeny, E. K. Matlock, Ralph Stone, Mark A. Wilson. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Ronds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... Exchanges for clearing house: Commercial ................................. Total cash on hand : Commercial ................................. Overdrafts ........................................ Banking house ............................... Other real estate ........................... Outside checks and other cash items ................................................ Accrued interest, receivable (net) ................................................ $286,213 77 179,722 72 27,834 73 699,326 99 58,026 00 144,525 00 13,377 58 175,459 38 6,447 13 ’ 39,475 151 101,305 13,648 $150,000 00 50,000 00 13,824 11 8,457 32 374,626 2,145 16,405 590 7,358 847,826 258,959 18,984 26 46 48 21 90 43 50 50 12,788 47 73 02 53 16 187 79 16,265 11 $1,761,966 64 Total Capital stock paid in ................... Surplus fund ............ Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers Personal loan certificate.. . . . . . Savings deposits (book acc’t) Savings certificates of deposit. Club savings deposits ............... Accrued interest and expense payable (net) ............................. $1,761,966 64 Total No. 193. EDMORE STATE BAN K , EDMORE. Organized March 24, 1897. John D W. P f e if l e r , P r e s id e n t; H i r e c t o r s .— a r r y E. W a g a r , V i c e P r e s i d e n t ; A H . A . C h r i s t e n s e n , A s s i s t a n t C a s h ie r . l v in W. K rouse, C a sh ie r ; Edwin K. Horton, Lucian C. Palmer, C. B. LaClear, John W . Pfeifler, Harry E. W agar. Statement September 29, 1931. Liabilities. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n $30,000 00 Surplus fund ................................. 8,500 00 Undivided profits, net 30078 Commercial deposits subject to check .............................................. 60,301 54 Demand certificates of deposit 3 00 Cashier’s checks ........................... 729 40 Savings deposits (book acc’t ) . 65,516 01 Savings certificates of deposit 150,047 67 JNotes and bills rediscounted.. 3,940 00 Bills payable ................................. 10,713 33 $35,584 48 35,954 88 2,125 00 95,680 26 9,150 00 102,200 00 12,316 89 10,000 00 . . Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings ................ Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Stock of Federal Reserve bank 387 75 668 26 5,719 114 3,945 4,029 10,976 1,200 19 61 00 41 00 00 $330,051 73 T otal ............................................ $330,051 73 94 STATE BANKING D EPAR TM E N T No. 129. E L K RA PID S STATE BAN K , ELK RAPIDS. Organized November 6, 1892. Ch as. B. Carver, J. P r e s id e n t; B. G r if f in , A . B . F D u r k e e , C a s h ie r . • D i r e c t o r s .— A. a ir b a n k s , V ic e E P r e s id e n ts j dward B. Fairbanks, Charles B. Carver, F. R . W illiam s, John C . Morrison, E d w . Durkee, J. B. Griflin. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m o rtg ages: Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................. Total cash on hand: Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................. Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... Outside checks and other cash Items .......................................... Stock of Federal Reserve bank Other assets .................................... Total ............................................ $100,458 97 43,639 15 1 2,975 00 99'141 67 20,000 00 49,900 00 7 000 00 s ' 874 29 2 ,9 4 4 55 Capital stock paid i n . $35,000 Surplus fund ................................... Undivided profits, n e t... 3,289 Reserved for taxes, interest, 760 depreciation, etc......... Commercial deposits subject to check .............................................. Cashier’s checks ........................... Savings deposits (book acc’t ) . Savings certificates of deposit Notes and bills rediscounted.. Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... Other liabilities ........................... 00 17,500 00 59 20 79,299 840 185,259 20,452 18,636 23,000 24 59 75 05 59 00 127,050 00 131 39 900 00 2 000 00 2,156 44 4,000 7,000 21 292 28 62 00 00 55 127,050 00 285 94 1,500 00 56 38 $511,219 40 Total ............................................ $511,219 40 No. 753. THE ELK TO N STATE BANK, ELKTON. Organized March 22, 1928. O sc ar R o g e r s, P r e s id e n t; F r a n k W. „ ^ A c k e r m a n , C a sh ie r ; D i r e c t o r s .— Oscar Rogers, Frank W . H u b b a r d , J a s . L. B u r g e s s . V i c e P r e s i d e n t s E . J . R a m s e y e r , A s s is t a n t C a sh ier Hubbard, James L. L. Rogers. • M Burgess, M. L. Ackerman L Mary Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Real estate m ortgages : Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $212,620 46 14,795 30 28,977 50 32,522 50 3 4 ,7 4 7 16 9,170 08 7,183 10,000 2,500 2,690 91 00 00 01 Capital stock paid in ................. Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc........................ Commercial deposits subject to check .............................................. Certified checks ............................. Cashier’s checks ........................... Time commercial certificates of deposit ............................................ Savings deposits (book acc’t ) . Customers’ bonds left with bank for safe keeping ....................... $20,000 00 7,900 00 1,331 32 3,930 35 72,056 36 10 00 648 90 195,154 87 54,175 12 2,950 00 2,950 00 $358,156 92 Total ............................................ $358,156 92 95 STATE BANKS OF M ICHIGAN No. 342. THE STATE SAVINGS BAN K , ELSIE. Organized June 15, 1906. E. G. V a n D e u s e n , P r e s i d e n t ; J. G. S h o w , W . S. B e l l , V i c e P r e s i d e n t s ; T h o m a s P. S t e a d m a n , C a s h i e r ; W . S. L u s k , A s s i s t a n t C a s h ie r . D i r e c t o r s .— Thomas P. Steadman, W . S. Lusk, E. G. Van Deusen, J. G. Show, W . S. Bell. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Expenses, interest and taxes paid exceeding earnings . . . . Banking house ......................... Furniture and fixtures ............... Other real estate ......................... Customers’ bonds left with bank for safe keeping ....................... Total ............................................ $234,053 19 6,914 04 111,131 31 49,500 00 37,500 00 24,073 29 15,000 00 8,551 29 5,500 00 506 49 ...... $35,000 00 Capital stock paid in Surplus fund ................................. 17,300 00 Reserved for taxes, interest, depreciation, etc........ 1,536 80 Commercial deposits subject to check .............................................. 101,850 58 Demand certificates of deposit 248,913 78 2,413 58 Cashier’ s checks ........................... Savings deposits (book acc’t ) . 50,157 56 Savings certificates of deposit 53,023 10 Bills payable ................................. 26,500 00 Customers’ bonds left with bank for safe keeping ................. 19,350 00 13880 15,000 00 3,735 00 25,091 99 19,350 00 $556,045 40 Total ............................................ $556,045 40 No. 619. CITIZENS STATE BANK, EMMETT. Organized March 29, 1918. A D ndrew i r e c t o r s .— N o l a n , P r e s i d e n t ; P e t e r J. G r a c e , V i c e P r e s i d e n t ; F. V. M c C a b e , C a s h ie r . Andrew Nolan, Peter J. Grace, Frank Keougli, E p h . Dunsmore, Martin Stapleton. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m o rtg ages: Commercial ................................. Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. bds. and cert, of ind. as legal reserve: Savings dept, o n ly ................... Total cash on hand: Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $32,720 10 15,047 65 2,850 00 26,830 00 13,500 00 5,832 72 9,000 00 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Commercial deposits subject to check .............................................. Cashier’s checks ............................. Tim e commercial certificates of deposit ............................................ Savings deposits (book acc’t ) . Customers’ bonds left with bank for safe keeping ....................... $20,000 00 3,200 00 1,170 81 19,529 73 5 00 9,780 42 77,463 99 50 00 8,000 00 2,899 3,000 94 3,500 1,800 6,075 82 00 66 00 00 00 50 00 $131,199 95 T otal ............................................ $131,199 95 96 STATE BANKING D EPARTM EN T No. 508. EM PIRE STATE BANK, EMPIRE. Organized M ay 1, 1912. G eo. C. W il c e , M D P r e sid e n t ; F r a n k l in G . P e c k . V ic e P r e s id e n t ; G e o . J o h n s o n . R o h r , A s s is t a n t C a s h i e r ; L . H . S t a c e y , E . A . V o ic e , A u d ito r s . C a sh ier ; ereta i r e c t o r s .— Geo. C. Wilce, E . A . Voice, L . H . Stacey, Franklin G. Peck, Geo. Johnson. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Total ............................................ $19,954 85 32,405 89 500 00 42,617 63 2,000 00 30,000 00 $20,000 Capital stock paid i n ....... 5,000 Surplus fund ................................... Undivided profits, net ..... 5,000 Reserved for taxes, interest, depreciation, etc............... 1,240 Commercial deposits subject to check .............................................. 26,428 Cashier’ s checks ................ 737 Savings deposits (book acc’t ) . 84,489 Savings certificates of deposit 16,701 00 00 00 23 75 18 94 77 8,013 09 13,617 00 551 2,000 1 3,000 2,350 2,586 52 00 65 00 00 24 $159,597 87 Total ............................................ $159,597 87 No. 299. THE STATE SAYINGS BAN K , ESCANABA. Organized November 2, 1904. W . R. S m i t h , P r e s i d e n t ; O. N. H u g h i t t , V i c e P r e s i d e n t ; W m . W a r m i n g t o n , C a s h i e r ; E . O. P e r r o n , C. R. W i c k m a n , N. P. J e n s e n , A s s i s t a n t C a s h ie r s . D i r e c t o r s .— Jas. B. Wilkinson, O. N. Hughitt, O. B. Fuller, W . It. Smith, Peter Olson, P. J. Groos, L. A. Erickson, A. J. Young, W m . Warmington. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. $371,113 96 Savings .............................................. 431,278 42 Real estate m ortgages: 379,807 73 Savings .............................................. Bonds and securities : Commercial ................................. 284,616 59 Savings ........................... 421,651 33 Due from Federal Reserve bank : Commercial ................................. 32,282 18 Savings .......................................... 47,500 00 Due from banks in reserve cities : Commercial ................................. 26,625 67 Savings .......................................... 88,338 42 L'. S. bds. and cert, of ind. as legal reserve : Savings dept, only ................... 155,000 00 Exchanges for clearing house : Commercial ................................. 3,578 50 Total cash on hand: Commercial ................................. 31,890 97 Overdrafts ........................................ 144 09 Banking house ............................... 34,000 00 Furniture and fixtures ............... 8,000 00 Due from banks other than in reserve cities ............................... 10,478 82 Customers’ bonds left with bank for safe keeping ....................... 21,800 00 Outside checks and other cash items ................................................ 931 88 Stock of Federal Reserve bank 6,000 00 Trust department : Cash ................. ........................... 4 ,8 9 1 8 5 T otal ............................................ $2,359,930 41 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Commercial deposits subject to check .............................................. Certified checks ............................. Cashier’s checks ........................... U. S. Government d eposits........ Tim e commercial certificates of deposit ............................................ Savings deposits (book acc’t ) . Customers’ bonds left with bank for safe keeping ....................... Trust department: Trust deposits— totals .......... $100,000 00 100,000 00 60,693 08 473,096 143 9,553 45,125 25 00 99 00 87,165 56 1,457,461 68 21,800 00 4,891 85 T otal ............................................ $2,359,930 41 97 STATE BANKS OF MICHIGAN No. 520. STATE SAVINGS BA N K , ESSEXVILLE. Organized November 19, 1912. W D il l ia m P. i r e c t o r s .— K avanaugh , P r e s i d e n t ; H u b e r t J. G a f f n e y , V ic e P r e s i d e n t ; C a s h i e r ; G r a c e H u g h e s , A s s i s t a n t C a s h ie r . L eo J. N avarre, W illiam P. Kavanaugh, Leo J. Navarre, Hubert J. Gaffney, James E. Davidson, Otto R. Garber. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .............. Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Customers’ bonds left with bank for safe keeping ....................... Total ............................................ $37,369 31 6,665 46 7,385 22 97,256 03 44,800 00 110,450 00 4,007 87 19,544 28 5,000 4,243 20 3,500 1,500 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Commercial deposits subject to check .............................................. Cashier’s checks ....................... Savings deposits (book acc’t) Savings certificates of deposit Club savings deposits ................. Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... $20,000 00 10,000 00 7,028 17 78,585 61 575 52 167,786 44 5,086 43 4,580 00 48,100 00 4,300 00 00 32 68 00 00 4,300 00 $346,042 17 Total ............................................ $346,042 17 » No. 553. THE STATE BA N K OF EWEN, EWEN. Organized October 6, 1914. E. J . H u m p h r e y , P r e s i d e n t ; E d w . E r i c k s o n , J a m e s N. H M. A D i r e c t o r s .— E . J . nderson, C a sh ier; Humphrey, o w l e t t , V ic e P r e s i d e n t s ; A n d r e w J o h n E . H u m p h r e y , A s s i s t a n t C a s h ie r . N . Howlett, J. F. Foglesong, Andrew M . Anderson, James Edw. Erickson, D. A. Kooker. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. bds. and cert, of ind. as legal reserve : Savings dept, only ................. Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Due from banks other than in reserve cities ............................... Customers’ bonds left with bank for safe keeping ....................... Stock of Federal Reserve bank Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $87,370 40 72,809 52 34,086 55 20,583 00 68,940 67 5,607 70 8,500 00 3,422 71 10,000 00 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, net ............... Dividends unpaid ....................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers. Savings deposits (book acc’ t) Savings certificates of deposit Notes and bill red iscou n ted ... Bills payable ............................. Customers’ bonds left with bank for safe keeping ....................... $25,000 25,000 9,339 48 00 00 18 00 82,900 54 5,276 00 395 11 2,240 64 1,519 78 126,493 37 69,109 49 13.371 59 5,000 00 1,800 00 16,350 00 3,304 3,000 402 20,000 4,000 4,001 70 00 13 00 00 90 1,814 42 1,800 00 1,500 00 $367,493 70 « T otal ............................................ $367,493 70 98 STATE BANKING D EPAR TM E N T No. 736. PAIEGROVE STATE BANK, FAIRGROYE. Organized February 17, 1927. J. H. F a h k n e r , P r e s i d e n t ; D i r e c t o r s .— R obert N . W a l l a c e , F. R . H u r l e y , C a s h ie r . A d am s, V ic e P r e sid e n ts; W m . G. J. H. Fahrner, W m . H. Wallace, F. R. Adams, U. G. Spohn, R. N. W allace. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................. Real estate m ortg age s: Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. bds. and cert, of ind. as legal reserve: Savings dept, only ................. Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Outside checks, and other cash items ................................................ T otal ............................................ $36,232 79 310 50 35,216 55 9,452 50 13,493 54 1,000 00 $25,000 00 Capital stock paid i n ....... Surplus fund ................................... 2,500 00 Reserved for taxes, interest, depreciation, etc............. 724 62 Commercial deposits subject to check .............................................. 34,319 98 Time commercial certificates of deposit ............................................ 26,587 53 Savings deposits (book acc’t) . 10,968 97 Savings certificates of deposit 1,860 00 Bills payable .................................... 6,000 00 750 00 3,926 1,315 51 4,700 1,000 11 97 94 00 00 511 20 $107,961 10 Total ............................................ $107,961 10 No. 608. PEOPLES STATE BAN K , FARMINGTON. Organized June 11, 1917. Jam es L. H P r e s i d e n t ; L e o F. G i l d e m e i s t e r , J a s . A. M i l l e r , V i c e P r e s i d e n t s ; J o h n it z p a t r ic k , C a sh ier; G e o r g e C. G i l d e m e i s t e r , A s s i s t a n t C a s h ie r . Ernest V. Blanchard, James L. Hogle, James A. Miller, John Fitzpatrick, E. F. Holcomb, Carl G. Hogle, Leo F. Gildemeister, Emil Roos, Allan H. F. Martindale. ogle, F D i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. bds. and cert, of ind. as legal reserve : Savings dept, only ................. Exchanges for clearing house: Commercial ................................. T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Expenses, interest and taxes paid exceeding earn ings........... Banking house ............................... Furniture and fixtures ............... Other real estate............................. Customers’ bonds left with bank for safe keeping ....................... Accrued interest, receivable (net) ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $113,953 06 58,323 93 7,472 50 171,234 08 33,800 00 144,495 00 7,095 54 16,500 00 32,200 00 2,035 63 Capital stock paid i n . $50,000 Surplus fund ................................. Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc....... 7,000 Commercial deposits subject to check .............................................. Demand certificates of deposit Certified checks ............................. Cashier’s checks ........................... Savings deposits (book acc’t ) . Savings certificates of deposit. Club savings deposits ............... Bills p a y a b le '............... 35,000 Customers’ bonds left with bank for safe keeping ....................... 00 20,000 00 33 00 00 68,207 52,151 44 1,124 401,251 10,623 4,592 26 18 92 31 98 21 87 00 17,450 00 7,314 45 5,000 00 71 23 1,847 32,000 10,000 2,505 27 00 00 36 17,450 00 4,180 68 $667,478 73 T otal ............................................ $667,478 73 STATE BANKS OF M ICHIGAN 99 No. 629. FA R W E LL STATE SAVINGS BANK, FARW ELL. Organized July 5, 1919. Jo s ia h L. L i t t l e f i e l d , P r e s i d e n t ; G e r a l d A D i r e c t o r s .— E. L a m b , E d w a r d R. G r a h a m , C a sh ier; B ernard llen Josiah L. B. G l a s s , V i c e P r e s i d e n t s ; S . S c h o f i e l d , A s s i s t a n t C a s h ie r . Littlefield, Allen R. Graham, Edward Robert Carson, Chas. A. Graham. B. Glass, Gerald E. Lamb, Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................. Sayings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... IT. S. bds. and cert, of ind. as légal reserve : Savings dept,only ...................... T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................ Furniture and fixtures ............... Other real estate ........................... Total ............................................ $47,464 01 11,356 20 3,813 56 27,600 00 4,000 00 13,100 00 $20,000 Capital stock paid in ....... Surplus fund ................................. 2,200 Undivided profits, net ............... 751 Commercial deposits subject to check .............................................. 38,143 Tim e commercial certificates of deposit ............................................ 23,231 Savings deposits (book acc’t ) . 55,231 Savings certificates of deposit 4,889 00 00 57 52 23 19 26 16,955 37 4,000 00 2,450 00 3,144 2,500 13 3,000 2,000 3,050 25 00 38 00 00 00 $144,446 77 Total ............................................ $144,446 77 No. 215. THE OLD STATE BAN K , FEN N VILLE. Organized March 14, 1899. J. E. H D , P r e s i d e n t ; P e t e r H. B r o e , V i c e P r e s i d e n t ; W . J. H u t c h i n s o n , C a s h ie r . J. E. Hutchinson, W . J. Hutchinson, M. C. Hutchinson, John Barron, Peter H. Broe. u t c h in s o n i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and Securities: Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Stock of Federal Reserve bank Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $118,318 85 53,138 40 4,765 00 96,232 49 69,400 00 107,100 00 54,399 25 20,552 29 Capital stock paid i n ................. Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit. Clubs savings dep osits.............. $50,000 00 16,500 00 4,562 77 Total ............................................ $598,527 62 15,433 56 110,441 36 178,919 95 3,402 29 212,275 94 500 00 6,491 75 15,904 12 837 49 9,454 9,454 60 28,851 8,109 1,950 21 22 40 15 75 00 $598,527 62 STATE BANKING D EPAR TM E N T 100 No. 626. FEN W ICK STATE BANK , FENW ICK. Organized December 31, 1918. Jo seph D B onsall, i r e c t o r s .— P r e s i d e n t ; R . E . C h a p m a n , V ic e P r e s i d e n t ; G l e e F red O l s e n , E r vo n N o r t h , A u d ito rs. W W ic k e t t , C a sh ier; W alter W . Root, Joseph Bonsall, R. E. Chapman, Ervon North, E. J. Kindell, Fred O. Olsen. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and Securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Total ............................................ $38,537 60 12,000 00 12,407 00 14,040 00 10,588 40 5,004 97 3,491 1,000 22 2,500 1,350 Capital stock paid in ..... $20,000 00 Surplus fund ................................. 4,000 00 Undivided profits, net ..... 419 51 Reserved for taxes, interest, depreciation, etc........ 500 00 Commercial deposits subject to check .............................................. 16,679 98 Demand certificates of deposit. 19,684 31 Savings deposits (book account) 20,399 10 Savings certificates of deposit. 19,259 64 66 00 91 00 00 $100,942 54 Total ............................................ $100,942 54 No. 704. CITIZENS STATE BANK, FIFE LAK E. Organized August 15, 1923. H ir a m D i r e c t o r s .— L. L abar, Hiram P r e s id e n t; L. J a m e s S. H o d g e s ., V i c e P r e s i d e n t ; W . M . M u n d y , A s s i s t a n t C a s h ie r . LaBar, James S. Hodges, J. J. Neihardt, Aldridge. G. S. W. M. M ij n d y , C a sh ier; Mundy, Blanche Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and Securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... T otal cash on hand : Commercial ................................. Overdrafts ........................................ Expenses, interest and taxes paid exceeding earnings . . . . Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $29,934 50 9,513 64 2,080 00 11,697 00 26,000 00 Capital stock paid i n . $20,000 Surplus fund ................................. Reserved for taxes, interest, depreciation, etc........ 1,105 Commercial deposits subject to check .............................................. Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit. 00 5,000 00 85 27,398 789 48,671 11,699 95 90 28 25 2,641 61 13,000 00 3,680 36 1 40 1,828 3,500 2,265 8,522 56 00 20 96 $114,665 23 Total ............................................ $114,665 23 101 STATE BANKS OF M ICHIGAN No. 101. THE CITIZENS COMMERCIAL AND SAVINGS BANK, FLINT. Organized July 19, 1890. Three Branches. G. W . H u b b a r d , P r e s i d e n t ; R. W . R o w e , E x e c u t i v e V i c e P r e s i d e n t ; J. E. B u r r o u g h s , R o t W . S c h u m a c h e r , W i l l i a m V e i t , W . S. B a l l e n g e r , V i c e P r e s i d e n t s ; A l l e n T. S m i t h , V ic e P r e s i d e n t a n d T r u s t O ffic e r ; E a r n e s t W . P o t t e r , C a s h i e r ; L e a c h , A ss is ta n t C a s h ie r s ; B e r t h a M . S h e p n e r , A u d ito r. D G ordon A. F l e m in g , G eo. B. i r e c t o r s .— J. E. Burroughs, E. H. W atson, Harry Winegarden, Chas. H. Miller, G. W . Hubbard, Lewis Buckingham, W . S. Ballenger, F. B. Elliott, Otto P. Graff, H . J. McBride, C. H. Bliss, E. S. Lunt, Roy W . Schumacher, R. W . Rowe, H. N. Bush, W illiam Veit, A. H. Sarvis, H . L. Weckler, E. W . Potter. Statement September 29, 1931. Resources. Loans and discounts: Commercial ......................... . . . $1,626,135 32 Savings .......................................... 2,273,954 15 Real estate m ortg age s: Commercial ................................. 118,082 45 Savings .......................................... 1,347,453 58 Bonds and Securities: 213,393 50 Commercial ................................. Savings .......................................... 783.876 58 Due from Federal Reserve bank : Commercial ................................. 23,255 62 Savings .......................................... 202,591 83 Due from banks in reserve cities : Commercial ................................. 76,536 43 Exchanges for clearing house: Commercial ................................. 48,569 57 Total cash on hand : Commercial ................................. 9,720 20 Savings .......................................... 200,000 00 Overdrafts ........................................ 7,172 32 Premium account ......................... 3,480 61 500,000 00 Banking house ............................. Furniture and fixtures ............... 360,938 55 Other real estate ........................... 147,822 14 Customers’ bonds left with bank for safe keeping ....................... 51,800 00 Outside checks and other cash 23,351 57 items ................................................ Stock of Federal Reserve bank 30,000 00 Customers’ acceptances and let ters of credit ............................... 800 00 Trust departm ent: Due from banks in reserve cities 33,184 48 Total ............................................ $8,082,118 90 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. Capital stock paid in ........ Surplus fund ................................. Undivided profits, net ............... Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Certified checks ............................. Cashier’s checks ........................... U. S. Government deposits . . . Savings deposits (book account) Savings certificates of deposit. Club savings deposits ............... Notes and bill red iscou n ted ... Bills payable .................................... Bonds sold subject to repur chase ................................................ Customers’ bonds left with bank for safe keeping ....................... Customers’ acceptances and let ters of credit ............................... Other liabilities ............................. Trust departm ent: Trust deposits— totals .......... $500,000 550,000 179,558 197 00 00 31 50 101,279 69 1,126,484 74 51,500 00 14,127 10 24,446 20 34,991 78 4,085,397 02 618,007 03 104,472 09 175,903 17 299,964 86 129,711 29 51,800 00 800 00 293 64 33,184 48 T otal ............................................ $8,082,118 90 STATE BANKING D EPAR TM E N T 102 No. 23. GENESEE COUNTY SAVINGS BANK, FLINT. Organized M ay 1, 1872. Five Branches. A. G. B i s h o p , P r e s i d e n t ; R. S. B i s h o p , G. E. M e r r i l l , V i c e P r e s i d e n t s ; D o n M a g i n n , A s s i s t a n t V i c e P r e s i d e n t ; C a r l F. S p a e t h , E x e c u t i v e V i c e P r e s i d e n t ; J a m e s M a r t i n , V ic e P r e s i d e n t a n d C a s h i e r ; W . J. J a m e s o n , L. D. B udd, M. T . P o l l e y , F. C. M o n r o e , A s s i s t a n t C a s h ie r s ; E . P . H o p k i n s , A u d i t o r ; T . S. C o w i n g , A s s is ta n t A u d ito r . D i r e c t o r s .— A. G. Bishop, J. H. Crawford, Geo. C. W illson, F. A. Aldrich, E. W . Atwood, John J. Carton, W . O. Smith, W , R. Hubbard, John L. Pierce, James Martin, W . C. Durant, F. G. Eddy, J. M. Hammond. George A. Barnes, R. S. Bishop, Carl F. Spaeth, C. W . Churchill, H. H . Curtice, W . S. Ballenger, B. R. Rowen, L. A. Cambrey, E. A. DeW aters, F. A. Bomer, H . G. Gault. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. $3,070,082 Savings .......................................... 3,192,390 Real estate m ortgages : Commercial ................................. 50,946 Savings .......................................... 2,264,173 Bonds and Securities : Commercial ................................. 37,000 Savings .......................................... 2,672,400 Due from Federal Reserve bank : Commercial ................................. 193,109 Savings .......................................... 300,000 Due from banks in reserve cities : Commercial ................................. 103,040 Exchanges for clearing house: Commercial ................................. 99,600 T otal cash on hand : Commercial ................................. 389,927 Savings .......................................... 100,000 Overdrafts ........................................ 2,222 Premium account ......................... 151 Banking house ............................... 648,624 Furniture and fixtures ............... 81,925 7,717 Other real estate ......................... Due from banks other than in reserve cities ............................. 7,572 Customers’ bonds left with bank for safe keeping ....................... 23,250 Outside checks and other cash Items ................................................ 20,688 Stock of Federal Reserve bank 54,000 Customers’ acceptance and let ters of credit ............................... 10,183 69 90 43 06 00 00 50 00 68 49 97 00 68 01 19 97 19 69 00 83 00 50 T otal ............................................$13,329,007 78 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................. $1,000,000 00 800,000 00 Surplus fund ................................. Undivided profits, net ............... 80,799 32 50 00 Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc......................... 225,196 95 Commercial deposits subject to check .............................................. 2,617,483 15 Demand certificates of deposit 28,602 83 Certified checks ........................... 6,865 63 Cashier’ s checks ........................... 55,297 97 Due to other banks and bankers. 283,346 43 U. S. Government deposits. .. 36,200 00 Savings deposits (book account) 6,711,051 07 Savings certificates of deposit. 1,330,809 46 Club savings deposits ................. 114,850 22 Customers’ bonds left with bank for safe keeping ....................... 23,250 00 Customers’ acceptances and let 10,183 50 ters of credit ............................... Other liabilities ............................. 5,021 25 T otal ............................................ $13,329,007 78 STATE BANKS OF M ICHIGAN 103 M ERCHANTS AND MECHANICS BANK , FLINT. Organized July 23, 1927. Jo seph D H. C r a w f o r d , P r e s id e n t; B l w t n P o n d , V ic e P r e s id e n t ; L l o y d H . D r a k e , C a s h ie r ; H o m e r E. W i l t , A s s i s t a n t C a s h i e r ; M a r g a r e t B. R a m o t h , A u d i t o r . Elwyn Pond, Joseph H. Crawford, Frederick W . Siegel, Carl F. Moll, Charles H. Miller, Herbert N. Bush, Reinhard Kleinpell, Fred A. Aldrich, C. E. Brandt, Ernest Potter, L. H. Drake, C. J. Ross, Fred S. Flick. i r e c t o r s .— Statement September 29, 1931. Resources. L oans, viz: Notes receivable: Industrial plan ......................... Miscellaneous bonds ................... Due from banks in reserve cities Cash on ha n d .................................... Deferred charges ......................... Lease improvement ..................... Other real estate ......................... Furniture and fixtures ............... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . Liabilities. $624,308 93,000 25,749 8,018 312 44,000 2,109 9,796 06 00 81 03 17 00 90 20 $807,294 17 Capital stock paid in ................. Surplus fund .................................... Undivided profits, earned.......... Reserve for taxes, interest, etc. Discount collected u n ea rn ed ... Payments on instalment certifi cates, hypothecated................... Savings books ............................... Investment certificates outstand ing .................................................... Notes and bills payable ............ Other liabilities ............................. T otal ............................................ $120,000 40,000 16,309 8,492 24,455 00 00 67 98 29 196,483 15 279,646 11 106,797 15 15,000 00 109 82 $807,294 17 304 STATE BANKING D EPAR TM E N T No. 758. UNION IN D U STR IA L TRUST A.ND SAVINGS BA N K , FLINT. Organized M ay 13, 1929. Nine Branches. C h a r l e s S. M o t t , P r e s i d e n t ; H . R. W i l k i n , E x e c u t i v e V i c e P r e s i d e n t a n d C a s h i e r ; J o h n E . S t ö r e r , C h a s . J . F r e n c h , N o r m a n H. M o y s e y , W . E . F e l l o w s , C . F . B a r t h , A . M . D a v i s o n , R o b e r t T . L o n g w a y , V ic e P r e s id e n t s ; W il f r e d C . D i c k i e , A s s is t a n t V ic e P r e s i d e n t ; E ar l F . J o h n s o n , D . W . C h a m b e r s , E d w a r d H o l m e s , 0 . J. M ie s c h , A ssista n t C a s h i e r s ; H. J . S t r a s l e r , A u d i t o r . D i r e c t o r s .— Charles F. Barth, E. D. Black, C. W . Bonbright, Ray E. Brownell, George W . Cook, H arry S. Covington, C. A. Cumings, E. M. Cumings, A. M. Davison, Matthew Davison, C. N. Doty, Rudolf Eckert, W . E. Fellows, Chas. T. Fisher, Jr., Leonard Freeman, Daniel Goldberger, J. M. Greisseil, Jessel Hardy, W alter A. Hardy, Glenn R. Jackson, Chas. A. Kanter, R. Kleinpell, Albert Koegel, Frederick Larkin, Robert T. Longway, J. C. MacGregor, Charles S. Mott, James Parkhill, W . S. Paterson, C. J. Ross, S. S. Stewart, John E. Störer, J. L. W alsh, C. E. Wetheraid, H. R. W ilkin, D. E. Winslow. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................. $2,919,111 18 Savings .......................................... 2,519,248 38 Real estate m ortg a g e s: Commercial ................................. 239,752 30 Savings .......................................... 6,140,472 07 Bonds and Securities: Commercial ................................. 3,059,603 29 Savings .......................................... 1,851,165 13 Due from Federal Reserve bank : Commercial ................................. 127,685 76 Savings .......................................... 350,000 00 Due from banks in reserve cities : Commercial ................................. 93,997 29 Savings .......................................... 100,000 00 Exchanges for clearing house: Commercial ................................. 153,392 19 T otal cash on h a n d : Commercial ................................. 99,301 03 Savings .......................................... 300,000 00 Overdrafts ........................................ 453 42 Banking house ............................... 1,491,256 05 Furniture and fixtures ............... 473,440 06 Other real estate ......................... 319,596 12 Due from banks other than in reserve cities ............................... 4,609 40 Customers’ bonds left with bank 903,100 00 for safe keeping ....................... Outside checks, and other cash items ................................................ 940 64 Stock of Federal reserve bank. 90,000 00 Accrued interest, receivable (net) ................................................ 196,533 72 Customers’ acceptances and let ters of credit ............................. 54,820 00 31,695 23 Other assets ................................... Trust department: Securities ........................................ 250,000 00 Capital stock paid in ................. $2,000,000 00 1,000,000 00 Surplus fund ................................... Undivided profits, net ............... 75,777 12 Reserved for taxes, interest, depreciation, etc........................... 611,676 54 Commercial deposits subject to check .............................................. 3,849,981 92 Demand certificates of deposit. 1,004,832 74 Certified checks ............................. 11,885 17 Cashier’s checks ........................... 179,989 22 Due to other banks and bankers. 62,884 28 Industrial investment certifi- T otal ............................................$21,770,173 26 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PiitAC! 1 U. S. Government dep osits........ Savings deposits (book account) Savings certificates of deposit. Club savings deposits ................. Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... Customers’ acceptances and let ters of credit ............................. Accrued interest and expense payable (net) ............................. Trust department: Trust deposits— to ta ls............... Total Q7ftQ on 19,200 8,705,360 1,414,910 287,640 1,300,000 00 52 26 86 00 903,100 00 54,820 00 82,621 48 185,704 15 ............................................$21,770,173 26 105 STATE BANKS OF MICHIGAN No. 126. THE FIRST STATE AN D SAVINGS BANK, FLUSHING. Organized November 12, 1891. A rthur D i r e c t o r s .— K l e in p e l l , P r e s i d e n t ; E d g a r L. C o r n w e l l , V i c e P r e s i d e n t ; K e i t h R . B a i l e y , A s s i s t a n t C a s h ie r . C. P. R o w e , C a s h i e r ; Charles Kimmell, C. P. Rowe, Geo. Packard, Edgar L. Cornwell, James Martin, Clarence F. Luce, Arthur Kleinpell, W . F. Minard, Alfred Phillips, E. W . Atwood, Ida Packard. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and Securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Ü. S. bds. and cert, of ind. as lp iy o l $48,262 11 58,356 39 25,655 74 281,251 22 22,000 00 90,750 00 739 44 25,022 19 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Commercial deposits subject to check .............................................. Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit. Club savings d eposits................... Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... $55,000 00 45,000 00 11,841 40 T otal ............................................ $672,337 03 86,723 3,685 235,336 203,573 1,176 25,000 53 58 45 57 50 00 5,000 00 ra o p p vA ' Savings dept, only ................... T otal cash on hand : Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures .............. Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... Outside checks and other cash items ................................................ 35,850 00 T otal ............................................ $672,337 03 8,445 146 41,131 13,158 14,525 70 48 46 20 00 5,000 00 2,043 10 No. 703. FOSTORIA STATE BAN K , FOSTORIA. Organized December 7, 1922. T J. E v e l a n d , P r e s i d e n t ; M. C. E v e l a n d , V i c e P r e s i d e n t ; H . L. E v e l a n d , A s s i s t a n t C a s h ie r . i r e c t o r s .— T. J. Eveland, W . E. Hunt, M. C. Eveland, E. J. Kitchen, H . L. Eveland. D Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg a g e s: Savings .......................................... Bonds and Securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. bds. and cert, of ind. as legal reserve: Savings dept, only ................... T otal cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Expenses, interest and taxes paid exceeding earnings . . . . Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Due from banks other than in reserve cities ............................... Customers’ bonds left with bank for safe keeping ....................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $35,980 21 22,035 96 30,911 16 26,950 00 439 35 18,247 70 Capital stock paid in ................. Surplus fund ................................. Commercial deposits subject to check .............................................. Demand certificates of deposit. Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping ....................... $20,000 00 5,300 00 T otal ............................................ $164,870 80 21,135 3,926 32,591 79,318 32 29 14 05 2,600 00 8,975 00 3,000 00 3,697 16 127 90 1,658 18 4,000 00 1,530 00 2,168 18 2,550 00 2,600 00 $164,870 80 STATE BANKING DEPARTMENT 106 No. 454. FOUNTAIN STATE BAN K , FOUNTAIN. Organized November 3, 1909. W D arren W m . H . L a w r e n c e , V i c e P r e s i d e n t ; H . J. G r e g o r y , C a s h i e r ; R . A. H e i s e , A s s i s t a n t C a s h ie r . Warren A. Cartier, F. W . Reek, W m . H . Lawrence, S. B. Burns, H . J. Gregory. A . C a r t ie r , P r e s id e n t ; i r e c t o r s .— Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................. Real estate m ortg a g e s: Commercial ................................. Savings .......................................... Bonds and Securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. bds. and cert, of ind. as legal reserve: Savings dept, only ................... T otal cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................. Furniture and fixtures ............. Other real estate ......................... Due from banks other than in reserve cities ............................... Customers’ bonds left with bank for safe keeping ....................... Outside checks and other cash items ................................................ T otal ............................................ $81,152 53 14,972 15 31,225 47 70,844 00 18,470 03 11,584 70 Capital stock paid in ............... Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc........................ Commercial deposits subject to check .............................................. Demand certificates of deposit. Cashier’s checks ........................... Savings deposits (book account) Customers’ bonds left with bank for safe keeping ....................... $25,000 00 7,200 00 3,175 60 T otal ............................................ $271,665 84 5,030 00 54,837 37,025 266 129,331 02 09 45 59 9,800 00 12,123 75 1,000 5,754 5 8,000 3,025 602 00 88 25 00 00 13 372 50 9,800 00 2,733 45 $271,665 84 No. 141. STATE SAVINGS B A N K OF FOWLER, FOWLER. Organized August 7, 1892. E r n est D i r e c t o r s .— S c h e m e r , P r e s id e n tj W . H . S n e l l i n g , V i c e P r e s i d e n t a n d C a s h i e r ; R. P. T h e l e n , A ssista n t C a s h ie r . Ernest Schemer, W . H . Snelling, Frank A . Wieber, John Luecht, W . H . Richards. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Savings ............................................ Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and Securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... Exchanges for clearing house : Commercial ................................. T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Customers’ bonds left with bank for safe keeping ....................... Outside checks and other cash items ................................................ Other assets .................................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $130,290 85 68,291 60 3,600 00 146,734 18 46,103 00 198,886 67 13,126 04 50,954 42 16,250 00 Capital stock paid in ................. Surplus fund .................................... Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Tim e commercial certificates of deposit ............................................ Savings deposits (book account) Savings certificates of deposit. Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... $50,000 00 40,000 00 3,855 52 11,500 00 69,423 98 90,109 303,369 166,246 7,000 89 67 52 00 10,000 00 66 31 3,641 4,000 24 28,600 6,000 22,554 82 00 58 00 00 16 10,000 00 2,378 65 3 30 $751,505 58 Total $751,505 58 107 STATE BANKS OF MICHIGAN No. 706. COMMERCIAL STATE BANK, FO W LERVILLE. Organized December 14, 1923. E. W . B u r k h a r t ., P r e s i d e n t ; R o y T. S p r a g u e , S. J. T o m i o n , V i c e P r e s i d e n t s ; O. M. A l l e n , V i c e P r e s i d e n t a n d C a s h i e r j J e s s e C. A l l e n , A s s i s t a n t C a s h ie r . i r e c t o r s . — Geo. A. Newman, E. W . Burkhart, Roy T. Sprague, S. J. Tomion, Temple Smith, O. M. Allen, J. B. Allen. D Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ............................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and Securities : Commercial ............................. Savings .......................................... Due from banks in reserve cities : Commercial ............................. Savings .......................................... Total cash on hand: Savings .......................................... Overdrafts ........................................ Furniture andfixtures ................ Other real estate ......................... Customers’ bonds left with bank for safe keeping ....................... T otal ............................................ $60,238 90 5,000 00 31,280 00 27,465 00 73,020 00 26,913 35 10,500 00 5,905 2 4,244 4,100 30 06 31 00 ..... $25,000 00 Capital stock paid in Surplus fund ................................. 6,300 00 Undivided profits, net ..... 6,792 79 Reserved for taxes, interest, depreciation, etc........ 4,000 00 Commercial deposits subject to check .............................................. 80,037 23 Demand certificates of deposit. 5,300 00 Certified checks ............................. 105 00 Savings deposits (book account) 19,719 53 Savings certificates of deposit. 100,480 00 Club savings deposits ..... 934 37 Customers’ bonds left with bank for safe keeping ....................... 2,200 00 2,200 00 $250,868 92 T otal ............................................ $250,868 92 No. 293. THE STATE B A N K OF FO W LER VILLE, FO W LERVILLE. Organized June 1, 1904. Jo hn D C. E llsw o rth i r e c t o r s .— , P r e s id e n t; D. W . R. C. S m i t h , V i c e P r e s i d e n t j G r i f f i n , A s s i s t a n t C a s h ie r . E. S c h n e id e r , C a sh ie r ; John C. Ellsworth, R. C. Smith, John M. Bradley, Lewis H. Cooper, J. B. Fuller. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................... Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and Securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... T otal cash on hand : Commercial ................................. Savings .......................................... Outside checks and other cash items ................................................ Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $46,390 84 3,100 00 82,215 00 58,000 00 206,500 00 55,376 89 53,019 26 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Savings deposits (book account) Savings certificates of deposit. Club savings deposits ............... $50,000 00 25,000 00 1,490 14 14,000 00 123,452 50,607 255,432 452 27 38 77 00 8,674 42 7,000 00 158 15 $520,434 56 T otal $520,434 56 108 STATE BANKING D EPAR TM E N T No. 592. THE AM ER ICAN STATE BANK , FRANKENM UTH. Organized October 7, 1917. John L. G e y e r , P r e s i d e n t ; J. M ik e L D i r e c t o r s .— Z ie g l e r , orenz C. L G eorge G e y e r , P a u l , C a s h ie r . K ahn , V ic e P r e s id e n ts ; is t John L. Geyer, Fred G. Geyer, George Geyer, Paul Kahn, Carl A. List, Lorenz C. List, J. Mike Ziegler, John G. Schwab, Erwin J. Geyer. Statement September 29, 1931. Resources. Loans and discounts : Commercial .................................... Savings ................................. ..... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and Securities : Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Exchanges for clearing house: Commercial ................................. T otal cash on hand : Commercial ................................. Savings .......................................... Banking house ............................. Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... Outside checks, and other cash items ................................................ Stock of Federal reserve bank Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $95,857 73 137,048 80 12,990 00 184,789 34 328,481 92 10,947 98 15,000 00 $35,000 00 Capital stock paid i n ................... Surplus fund ......................................... 30,000 00 Undivided profits, net ............... 16,539 22 Commercial deposits subject to check .................................................... 44,043 88 Demand certificates of deposit. 68,446 23 Savings deposits (book account) 653,572 02 Club savings d eposits................... 1,987 00 Bills payable ....................................... 18,000 00 Customers’ bonds left with bank for safe keeping ............................. 13,100 00 19,139 75 10,029 35 46 28 5,124 2,040 28,000 12,000 4,000 74 00 00 00 00 13,100 00 142 46 1,950 00 $880,688 35 T otal ............................................ $880,688 35 109 STATE BANKS OF MICHIGAN No. 450. FRANKENM UTH STATE BANK , FRANKENM UTH. Organized March 21, 1910. O t t o S c h u p p , P r e s i d e n t ; E . A. P i l l s b u r y , P a u l G u g e l , V i c e P r e s i d e n t s ; O t t o T r i n k l e i n , V ic e P r e s i d e n t a n d C a s h i e r ; R u e b e n W . K e r n , A s s i s t a n t C a s h i e r ; J. H a l l a n d m o r i t z , A u d i t o r ; J o h n L e id l e i n , M a n a g er F a r m D e p a r tm e n t. . . D i r e c t o r s .— Otto Schupp, ffm . C. Cornwell, Fred J. Fox, Paul Gugel, Louis Goetzinger, John Leidlein, E. A. Pillsbury, Jacob Rummel, W m . Stromer, G. M. Stark, Arthur A. Schupp, Otto Trinklein, Edw. B. Wickes, Carl Nuechterlein. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and Securities: Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Exchanges for clearing house : Commercial ................................. T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Customers’ bonds left with bank for safe keeping ....................... Stock of Federal Reserve bank T otal $341,933 72 352,039 89 30,308 22 783,967 17 187,650 00 16,940 08 44,720 26 29,304 92 166,061 22 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc. ..................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Cashier’s checks ........................... Savings deposits (book account) Club savings deposits ............... Customers’ bonds left with bank for safe keeping ....................... $100,000 100,000 23,238 8 00 00 58 00 33,955 90 141,043 146,676 1,126 1,483,300 7,375 80 70 70 12 25 53,250 00 196 90 2,811 17,047 130 20,000 11,784 25,828 49 55 83 00 00 80 53,250 00 6,000 00 $2,089,975 05 Total ............................................ $2,089,975 05 No. 229. STATE SAVINGS BA N K OF FRANKFORT. Organized January 30, 1901. J. F. H ofstetter, P r e s id e n t; R. R. P a u t z , E. J. H o f s t e t t e r ,, V ic e P r e s id e n t s ; L. D. R o s e , V i c e P r e s i d e n t a n d C a s h ie r . D i r e c t o r s .— J. F. Hofstetter, L. D. Rose, R. R. Pautz, N. E. Sayles, Roy Collins, W . Olsen, B. F. Tulledge, O. T. Larson, J. B. Croskey. R. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Real estate m ortg age s: Commercial ................................. Savings .......................................... Bonds and Securities: Commercial ................................. Savings ............................................ Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ...............••. T otal cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... Other assets .................................... Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $119,614 33 9,594 85 148,522 62 98,350 00 120,700 00 31,589 59 5,000 00 31,250 00 12,614 9,929 41 15,000 8,925 4,186 ..... $25,000 00 Capital stock paid in Surplus fund ................................... 8,000 00 Undivided profits, net ..... 6,395 44 Commercial deposits subject to check .............................................. 212,913 38 Demand certificates of deposit. 2,204 20 Certified checks ............................. 3,300 00 Cashier’s checks ............................. 3,585 77 Savings deposits (book account) 269,921 79 Savings certificates of deposit. 30,899 46 Club savings deposits ...... 2,242 00 Bills payable .................................... 54,500 00 Customers’ bonds left with bank 91,937 95 for safe keeping......... 17 55 75 00 00 17 91,450 00 4,131 96 $710,899 99 Total ............................................ $710,899 99 110 STATE BANKING D EPAR TM E N T No. 461. THE STATE BA N K OF FRASER, FRASER. Organized July 10, 1910. J. B o h n , P r e s i d e n t a n d C a s h i e r ; A l b e r t G r a m b o w , J o s e p h C o u c h e z , V i c e P r e s i d e n t s ; E. C. K l e i n Oj T h e o d o r e B o h m , A s s i s t a n t C a s h ie r s . Chas. Klein, W m . L . Hartsig, W m . Schneider, Jos. Couchez, W m . E. Klein, Albert Grambow, Ernst Malow, Julius Faulmann, Fred J. Schott, Henry J. Bohn. H enry D i r e c t o r s .— Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg a g e s: Commercial ................................. Savings .......................................... Bonds and Securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................... Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... T otal ............................................ $80,400 33 68,275 09 8,839 08 335,189 11 213,244 81 9,103 11 47,113 08 16,325 00 5,000 14,522 97 42,551 16,971 9,875 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, net ............... Dividends unpaid ......................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Certified checks ............................. Cashier’s checks ........................... Savings deposits (book account) Bills payable ................................... Customers’ bonds left with bank for safe keeping ....................... $50,000 25,000 24,619 9 00 00 97 00 50,378 35,744 290 68 675,397 6,000 54 58 92 06 09 00 600 00 00 13 40 34 87 81 600 00 $868,108 16 Total $868,108 16 No. 654. FREELAN D STATE BAN K , FREELAND. Organized January 16, 1920. L o u ie H. S a r l e , P r e s i d e n t ; G. F. B a r b a r i n , C h a s . W C a sh ier; D ir e c t o r s . H a r r ie t E. o l o h a n , V ic e P r e s i d e n t s ; R e a v e y , A s s i s t a n t C a s h ie r . T. J. R e a v e y , G. F . Barbarin, Louie H . Sarle, Chas. Wolohan, T. J. Reavey, Harriet E. Reavey. Statement September 29, 1931. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg a g e s: Savings .......................................... Bonds and Securities: Commercial ................................. Savings .......................................... Due from banks in reserve citie s: Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................... Total cash on h a n d : Commercial .................................. Savings .......................................... Overdrafts .......................................... Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $44,230 14 14,236 82 66,714 12 11,500 00 37,000 00 3,589 97 13,000 00 1,650 00 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, net ................. Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check .............................................. Certified checks ............................. State moneys on d eposit............ Savings deposits (book account) Savings certificates of deposit. Bills payable .................................. Customers’ bonds left with bank for safe keeping ....................... $25,000 00 4,625 58 104 03 1,000 00 33,418 53 3 00 11,960 84 117,832 88 13,510 58 2,000 00 450 00 2,099 32 1,500 00 58 26 1 ,5 5 0 00 2,030 00 10,296 81 450 00 $209,905 44 Total ............................................ $209,905 44 STATE BANKS OF MICHIGAN 1 11 No. 297. THE FREMONT STATE BAN K , FREMONT. Organized May 24, 1904. A. M il o D i r e c t o r s .— W h it e , Jas. P r e sid e n t; F L. D. P u ff, rank L. H i l l y a r d , V i c e P r e s i d e n t ; H . M a r s h , A s s i s t a n t C a s h ie r . C lare Milo A . W hite, Jas. L . Hillyard, Harry D . Clare Kempf, Lambert Geerlings. K em pf, C a sh ie r ; Reber, Fred Kellogg, Statement September 29, 1931. Liabilities. R esou rces. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and Securities : Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Savings .......................................... T otal cash on band : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking bouse ............................. Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... Stock of Federal Reserve bank Other assets .................................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $45,091 86 69,266 35 18,261 67 166,551 05 38,326 67 127,122 25 5,000 00 17,418 19 4,472 74 4,000 8,254 104 34,000 9,540 28,288 00 41 53 00 00 45 Capital stock paid in ....... $50,000 00 Surplus fund ................................. 25,000 00 Undivided profits, net ..... 6,598 64 Reserved for taxes, interest, 3,717 51 depreciation, etc....... Commercial deposits subject to check .............................................. 60,784 84 Demand certificates of deposit. 5,780 00 Savings deposits (book account) 198,595 20 Savings certificates of deposit. 180,203 93 Club savings deposits ..... 3,818 05 Notes and bills rediscounted.. 3,900 00 Bills payable ................................. 40,000 00 Bonds sold subject to repur chase ................................................ 15,500 00 Customers’ bonds left with bank for safe keeping ....................... 12,400 00 12,400 00 2,700 00 15,500 00 $606,298 17 Total $606,298 17 112 STATE BANKING D EPARTM EN T No. 345. THE OLD STATE B A N K OF FREMONT. Organized July 13, 1906. H erman M cK in l e y , H D J . A . G e r b e r , C h a irm a n o f th e B o a rd . P r e s id e n t ; C o r n e l iu s G e r b e r , V ic e P r e s id e n t ; T . I. S c h u i t e m a n , R u s s e l l S h e r w o o d , A s s is t a n t C a sh iers. F ry, C a sh ie r ; erman i r e c t o r s .— • J. A. Gerber, T. I. Fry, Frank Gerber, W m . H. Barnum, Geo. B. Raider, W m . J. Branstrom, Cornelius Gerber, R. A. Crandell, Wm. N. Senf, D. D. Alton, Herman Mc Kinley. Statement September 29, 1931. Resources. Liabilities. lo a n s and discounts : Commercial ................................. Savings ................ Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and Securities: Savings .......................................... Due from Federal Reserve bank : Commercial .................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Customers’ bonds left with bank for safe keeping ....................... Outside checks, and other cash items ................................................ Stock of Federal Reserve bank Other assets .................................... T otal $200,971 28 216,969 16 64,423 89 254,592 39 271,192 03 21,000 00 34,498 13 104,399 63 1,477 27 22 15,000 423 37,500 17,500 48,522 Capital stock paid in ................ Surplus fund ................................... Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check .............................................. Certified checks ............................. Savings deposits (book account) Savings certificatesof deposit. Customers’ bonds left with bank for safe keeping .................. Other liabilities ........................... $75,000 00 28,000 00 7,524 80 12,541 85 408,529 18 494,026 267,192 04 90 10 27 26,050 00 12,500 00 75 00 21 00 00 84 26,050 00 1,340 38 3,000 00 12,500 00 ............................................ $1,331,382 96 Total ............................................ $1,331,382 96 No. 362. THE STATE SAVINGS B A N K OF GAGETOWN. Organized February 6, 1907. J. D L. P urdy, i r e c t o r s .— J. P r e s i d e n t ; L. C . P u r d y , V i c e P r e s i d e n t ; E d i t h E . M i l l e r , C a s h i e r L. Purdy, L. C. Purdy, Richard Burdon, C . O . Purdy, F . D . Hemerick. Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and Securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Outside checks, and other cash items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $29,355 46 7,750 00 59,580 00 11,000 00 24,750 00 13,672 02 18,113 73 Capital stock paid in ................. Surplus fund .................................... Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Savings certificates of d ep osit.. $25,000 00 8,525 00 4,811 33 3,000 00 34,684 39 14,940 11 99,898 51 2,450 00 4,046 3,000 106 7,200 1,350 8,435 50 00 69 00 00 32 49 62 $190,859 34 T otal ........................................... $190,859 34 STATE BANKS OF M ICHIGAN 113 No. 426. THE GALESBURG STATE BANK , GALESBURG. Organized February 13, 1909. C. D C. Clapp, i r e c t o r s .— P r e s id e n t; Paul T. Clapp, V ic e P r e s id e n t; L ou is D u n n , C a s h i e r ; L a V e r n e Chas. G. Curtis, C. C. Clapp, Louis Dunn, H. L. Jackson, Michael Tuitt, Paul T. Clapp, La Yerne Clapp. Statement September 29, 1931. Resources. Liabilities. T otal ............................................ . Capital stock paid in Surplus fund ................................. Undivided profits, net Commercial deposits subject to check .............................................. Savings deposits (book account) Savings certificates of deposit. $48,824 31 . Loans and discounts: Commercial ................................. Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and Securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Furniture and fixtures ............... Other real estate ........................... 6,625 74 150,865 80 4,000 00 71,552 20 52,285 25 159,263 50 102,866 14 29,566 22 33,585 15 5,893 6,126 56 600 4,992 57 49 90 00 57 $362,688 95 Total ............................................ No. 719. GALE WOOD-WYOMING STATE BAN K , GALEWOOD. Organized April 4, 1924. $362,688 95 (GRAND RAPIDS P. O.) J o h n H e r m a n , P r e s id e n t ; P e te r L e e s t m a , V ic e P r e s id e n t ; C l a r e n c e V D i r e c t o r s .— John Hekman, Dewey Blocksma, Gilbert L. Daane, Charles M. $20,000 00 25,000 00 3,274 06 an S t r i e n , C a s h ie r . W . Garfield, Arthur Godwin, Earl C. Johnson, Peter Leestma, John B. Martin, W m . Alden Smith. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and Securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Exchanges for clearing house : Savings .......................................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $40,627 14 18,125 17 151,004 32 5,500 00 43,000 00 1,200 32 10,539 04 Capital stock paid in ................. $25,000 00 Surplus fund ................................. 11,250 00 .... 4,167 33 Undivided profits, net Reserved for taxes, interest, depreciation t etc......... 1,072 50 Commercial deposits subject to check .............................................. 47,229 87 Cashier’s checks ........................... 259 43 Savings deposits (book account) 200,015 27 Savings certificates of deposit 8,146 17 Club savings deposits .... 16,202 46 8,750 14 6,000 8,583 13 14,000 6,000 00 79 11 00 00 $313,343 03 Total $313,343 03 114 STATE BANKING D EPAR TM E N T No. 686. THE GALIEN STATE BAN K , GALIEN. Organized October 14, 1921. C h a r l e s A. C l a r k , P r e s i d e n t ; C l a y t o n S m i t h , V i c e P r e s i d e n t ; D . W . E w i n g , C a s h ie r . D i r e c t o r s .— Charles A. Clark, Oliver A. Van Pelt, Clayton Smith, Horace Morley, Ray E. Babcock. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Real estate m ortgages : Savings .......................................... Bonds and Securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... T otal cash on hand : Commercial ................................. Savings ........................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Customers’ bonds left with bank for safe keeping ....................... T otal ............................................ $65,135 26 31,395 00 47,325 75 17,611 00 25,312 93 6,481 04 3,891 500 8 4,672 1,798 35 00 62 23 43 Capital stock paid in ..... $25,000 00 Surplus fund ................................... 6,600 00 Undivided profits, net ..... 1,463 37 Reserved for taxes, interest, depreciation, etc........ 4,700 00 Commercial deposits subject to check .............................................. 64,353 00 Demand certificates of deposit. 22,013 36 3,470 02 Cashier’s checks ........................... Savings deposits (book account) 27,233 15 Savings certificates of deposit 24,298 71 Bills payable ................................... 25,000 00 Customers’ bonds left with bank for safe keeping ....................... 3,650 00 3,650 00 $207,781 61 Total ............................................ $207,781 61 No. 773. GARDEN CITY STATE BAN K , GARDEN CITY. Organized February 24, 1930. H erman D i r e c t o r s .— K alm bach , P r e s id e n t; Clarence L. P a r k e r , V i c e C a sh ier. P r e sid e n t; A rnold C. H e n s ic k , Jesse W . Bollinger, Henry L. Burdeno. Arthur L. Hanchett, Herman Kelmbach, Ernest G. Liebold, Ralph A. MacMullan, Clarence L. Parker, John Roddenberg, Edmund Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Real estate m ortgages : Savings .......................................... Bonds and Securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... T otal cash on hand : Commercial ................................. Savings .......................................... Furniture and fixtures ............... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $16,811 11 13,243 83 30,196 60 14,883 00 Capital stock paid in ............... Surplus fund .................................... Undivided profits, net ............... Commercial deposits subject to check .............................................. Cashier’s checks ....................... Savings deposits (book account) $25,000 00 7,500 00 2,116 95 T otal ............................................ $120,115 84 58,970 64 395 76 26,132 49 21,617 63 2,900 00 3,779 42 600 00 16,084 25 $120,115 84 115 STATE BANKS OF MICHIGAN No. 15?. THE GALYORD STATE SAVINGS BA N K , GAYLORD. Organized March 2, 1893. F rank D J. S h i p p , P r e s i d e n t ; F r e d E. C o o k . V i c e P r e s i d e n t ; N o r m a n E. G l a s s e r , C a s h i e r ; C l y d a C o o k , W a l t e r J. K o w a l e s k i , A s s i s t a n t C a s h i e r s . Norman E. Glasser, Fred E. Cook, Lester C. Lunden, Mrs. Rae E. Kramer, Allen Schreur, Chas. A. Bigelow. H o r a c e E. B l o d g e t t , i r e c t o r s .— Frank J. Shipp, Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg a g e s: Commercial ................................. Savings .......................................... Bonds and Securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ....................... Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Premium account ......................... Banking house ........................... Furniture and fixtures ............ Other real estate ......................... Outside checks, and other cash items ................................................ T otal ............................................ $304,163 67 62,490 12 4,450 00 123,357 28 80,000 00 209,050 00 41,104 39 28,623 97 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Certified checks ............................. Cashier’s checks ........................... Savings deposits (book account) Club savings deposits ............... $50,000 00 50,000 00 23,216 94 T otal ............................................ $942,792 50 15,000 00 196,075 166,439 21 3,854 431,461 6,723 78 40 00 34 99 05 33,200 00 29,111 5,000 14 1,200 12,000 3,500 5,382 03 00 05 00 00 00 25 145 74 $942,792 50 No. 507. GLADSTONE STATE SAVINGS BAN K , GLADSTONE. Organized M ay 31, 1912. D I. N. B u s h o n g , P r e s i d e n t ; J o h n M. O l s o n . C a s h i e r ; A. S. N e l s o n , A s s i s t a n t C a s h ie r . I. N . Bushong, Phil Hupy, S. G. Nelson, Casper W . Elquist, W . J. Micks, F . W . Marble, Geo. E. Webb, John M. Olson. i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial .................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Exchanges for clearing house : Commercial ................................. Savings .......................................... T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Due from banks other than in reserve cities ......................... Customers’ bonds left with bank for safe keeping ....................... Stock of Federal Reserve bank Liabilities. $217,487 27 231,579 04 150,918 65 145,800 00 273,500 00 48,416 00 60,000 00 25,890 69 $50,000 00 50,000 00 29,099 69 255,131 61 12 80 11,085 94 78,152 02 733,871 40 201,200 00 225 00 602 51 7,775 22,710 662 5,380 5,100 700 00 00 24 00 00 00 7,607 06 201,200 00 3,000 00 T otal ............................................ $1,408,553 46 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid in ............... Surplus fund ................................... Undivided profits, net ............... Commercial deposits subject to check .............................................. Certified checks............................... Cashier’ s checks ........................... Tim e commercial certificates of deposit ............................................ Savings deposits (book account) Customers’ bonds left with bank for safe keeping ....................... T otal ............................................ $1,408,553 46 STATE BANKING D EPAR TM E N T 116 N o . 594. THE FIRST STATE SAYINGS BANK , GLADW IN. Organized M ay 16, 1917. F rank D i r e c t o r s .— W. M e r r ic k , P r e s id e n t ; M e l v in H . A i t k e n , V ic e P r e s id e n t ; W a l t e r H . S t i c k e l , A s s i s t a n t C a s h ie r . F red L eonard , C a sh ier; Melvin H . Aitken, Robert Croskery, Frank Leonard, Fred Leonard, J . C . Shaffer, Frank W . Merrick. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Customers’ bonds left with bank for safe keeping ....................... T otal ............................................ $178,238 94 18,400 00 8,831 91 24,116 95 104,000 00 218,715 00 70,657 85 13,122 10,000 172 14,000 4,300 51 00 31 00 00 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, net ............... Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check .............................................. Certified checks ............................. Cashier’s checks ........................... Time commercial certificates of deposit ............................................ Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping ....................... $35,000 13,500 1,100 2,891 00 00 74 55 20,377 86 199,990 43 24 00 3,378 89 117,205 57 144,750 04 126,336 39 103,113 00 103,113 00 $767,668 47 T otal ............................................ $767,668 47 No. 552. THE FIRST STATE BANK, GOBLES. Organized November 2, 1914. B. A H oward D i r e c t o r s .— llen , P r e s i d e n t ; C h a r l e s L. B e n n e t t , V i c e P r e s i d e n t ; C a s h i e r ; E . L . D o e , A s s i s t a n t C a s h ie r . L ou is O. Grah am , Howard B. Allen, Anson D. Pease, D. M. Allen, Marlin L. W ilm ont, Charles L. Bennett, Louis O. Graham, E. L. Woodhams. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... Total cash on hand: Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $65,550 61 14,196 78 1,348 92 39,094 25 34,447 50 60,555 87 1,086 75 14,100 00 4,081 681 4,965 8,645 4,150 $20,000 Capital stock paid i n . Surplus fund ................................. Undivided profits, net ...... Reserved for taxes, interest, depreciation, etc........ 6,322 Commercial deposits subject to check .............................................. Demand certificates of deposit. Cashier’ s checks ........................... Savings deposits (book account) Savings certificates of deposit. Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... 00 12,000 00 1,697 94 77 34,179 64 77,152 29 284 48 76,945 35 19,322 35 5,000 00 6,900 00 81 30 63 20 20 6,900 00 $259,804 82 T otal ............................................ $259,804 82 117 STATE BANKS OF MICHIGAN No. 249. GRAND H AV EN STATE BANK , GRAND HAVEN. Organized September 12, 1901. One Branch. B. P. P r e s i d e n t ; A. E. Ga m , V i c e P r e s i d e n t a n d C a s h i e r ; E l b e r t L y n n , V i c e P r e s i d e n t ; H e n r y J. V e r h o e k .s , A u d i t o r . Elbert Lynn, J. Edgar Lee, N. Robbins, B. Frank Harbeck, W . H . Loutit, H . S. Robbins, Edw. W . F. Moll, J. F. Johnston, B. P. Sherwood, John H. Reichardt, Paul A. Johnson. Sherw ood, D i r e c t o r s .— Statement September 29, 1931. Liabilities. Resources. .««Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Exchanges for clearing house: Commercial ................................. T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Other real estate ........................... Outside checks, and other cash items ................................................ Stock of Federal Reserve bank Trust department : Due from banks in reserve cities ............................................ T otal $314,433 06 348,607 68 62,804 03 543,278 88 138,286 94 458,879 15 45,812 61 48,000 00 59,900 01 108,867 82 $100,000 00 100,000 00 55,393 22 12,575 50 485,656 78 298 28 4,988 87 27,068 34 864,397 58 567,103 37 55,852 83 4,817 22 949 19 31,308 15,000 251 75,000 14,622 15 00 48 00 77 1,333 00 6,000 00 4,817 22 ............................................ $2,278 151 99 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers. Savings deposits (book account) Savings certificates of deposit. Club savings dep osits................... Trust departm ent: Trust deposits— totals .......... Total $2,278 151 99 118 STATE BANKING D EPAR TM E N T No. 443. THE PEOPLES SAYINGS BANK , GRAND HAVEN. Organized January 12, 1910. E d w a r d H o f m a , P r e s i d e n t j H. J. D o r n b o s , W m . T h i e l e m a n , A. C a m p b e l l , V i c e P r e s i d e n t s ; F . C . B o l t , C a s h i e r ; W m . H. P e l l e g r o m , A s s i s t a n t C a s h i e r ; J o h n L i n d e m u l d e r , A u d i t o r . D i r e c t o r s . — Edward Hofma, H. J. Dornbos, John J. Bolt, W illiam Thieleman, G . L . Dornbos, J. F . Johnston, W m . Ver Duin, A . Campbell, John Hoffman, W . H . Stansberry. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities: Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial .................................. Savings .......................................... Exchanges for clearing house: Commercial ................................. T otal cash on hand : Commercial .................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... Outside checks, and other cash items ................................................ Stock of Federal Reserve bank T rust departm ent: Due from banks in reserve cities ............................................ T otal Liabilities. $203,909 19 273,997 30 10,969 21 361,000 40 240,736 20 16,352 45 27,000 00 582 05 9,090 99 1,371 62 21,541 10,000 616 20,000 1,700 3,319 $50,000 00 50,000 00 30,409 09 % 15,000 00 241,557 106 218 455,520 343,756 21,370 32 00 69 48 32 50 7,300 00 272 17 91 00 32 00 00 17 7,300 00 2,751 59 3,000 00 272 17 ............................................ $1,215,510 57 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Certified checks ............................. Cashier’ s checks ........................... Savings deposits (book account) Savings certificates of deposit. Club savings d eposits................... Customers’ bonds left with bank for safe keeping ....................... T rust departm ent: Trust deposits— totals .......... T otal ............................................ $1,215,510 57 STATE BANKS OF M ICHIGAN 119 No. 308. THE GRAND LEDGE STATE BAN K , GRAND LEDGE. Organized M ay 2, 1905. A. R. G i l l i e s , P r e s i d e n t ; W . R. G r a n g e r , V i c e P r e s i d e n t a n d A u d i t o r ; H. D. T o w n e r , V ic e P r e s i d e n t a n d C a s h i e r ; W . F. R o b i n s o n , A s s i s t a n t C a s h i e r ; W . R . C l a r k e , A u d i t o r . D i r e c t o r s .— W . R. Clarke, A. R. Gillies, W . R. Granger, H. D. Towner, J. D. Hulce, W . H. Oding, R. A. Latting. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ................... Exchanges for clearing house: Commercial ................................. T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Customers’ bonds left with bank for safe keeping ....................... $178,974 74 103,179 77 4,749 86 332,217 85 280,674 15 11,444 81 9,338 20 39,700 00 1,788 90 2,451 7,000 475 33,000 9,000 7,178 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................. Dividends unpaid ....................... Reserved for taxes, interest, depreciation, etc........................ Commercial deposits subject to check .............................................. Demand certificates of deposit. Certified checks ............................. State moneys on deposit............. Savings deposits (book account) Savings certificates of deposit. Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... $50,000 25,000 4,121 21 00 00 27 00 8,500 00 100,206 69,188 450 5,000 524,160 181,525 53,000 60 83 00 00 55 70 00 389,958 00 34 00 56 00 00 77 389,958 00 T otal ............................................ $1,411,131 95 Total ............................................ $1,411,131 95 No. 389. LOAN AND DEPOSIT STATE BANK , GRAND LEDGE. Organized February 29, 1908. L. B e r r y , P r e s i d e n t ; F r a n k D. F i t z g e r a l d , V i c e P r e s i d e n t ; E d w a r d P. M i l l s , C a s h i e r ; R u t g e r s A l e x a n d e r , A s s is ta n t C a s h ie r ; R u s s e l l B r u n g e r , A u d ito r . D i r e c t o r s . — Fred L. Berrv, Peter Van Allsburg, J. B. Strange, Edward P. Mills, C. M. M ans, F red Rutgers Alexander, E. R. Taylor, Bruce E. Anderson, Frank D. Fitzgerald. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m o rtg ages: Commercial ................................. Savings ........................................ ■ Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................... T otal cash on hand: Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................. Furniture and fixtures ............... Customers’ bonds left w ith bank for safe keeping ....................... T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $215,351 85 77,619 00 14,886 08 228,390 S3 136,300 00 25,878 68 44,088 70 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Dividends unpaid ......................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Cashier’s checks ........................... State moneys on d eposit............ Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping ....................... $50,000 25.000 11,083 18 00 00 81 00 174,904 69,681 196 15.000 292,689 183,302 88 92 25 00 51 12 184,200 00 21,500 00 6,000 8,831 29 35,500 7,500 00 81 54 00 00 184,200 00 $1,006,076 49 Total $1,006,076 49 STATE BANKING D EPAR TM E N T 120 No. 689. *AM ER ICAN HOME SECURITY BANK, GRAND RAPIDS. Organized March 2, 1922. C h a s . N . R e m i n g t o n , C h a irm a n o f B o a r d ; C h a s . B . K e l s e y , C h a irm a n o f E x e c u t i v e C o m m itte e . John H . S c h o u t e n , P r e s i d e n t ; L e o n T. C l o s t e r h o u s e , E a r l D. A l b e r t s o n , M a r t i n D. V e r d i e r , V ic e P r e s i d e n t s ; N e d B . A l s o v e r , V i c e P r e s i d e n t a n d C a s h i e r ; F r e d H. T r a v i s , W m . T. H a k k e n , N e a l V a n O s t e n b c r g , A s s i s t a n t C a s h ie r s . D i r e c t o r s .— Henry N. Battjes, C. Harley Bertsch, E. W . Bliss, J. W . Blodgett, M. H . Car- mody, Don A. Cawthra, Geo. S. Clarke, Leon T. Closterhouse, H. E. Clay, Ben Dean, C. C. Follmer, Chas. H. Gallmeyer, S. H. Greenawalt, J. D. Hibbard, J. F. Horton, Chas. B. Kelsey, Geo. B. Kingston, Guy C. Lillie, J. D. MacNaughton, Meyer S. Mey, C. B. New comb, John H. Schouten, Chas. N. Remington, Ned B. Alsover, E. M. Schopps, V. M. Tuthill, Martin D. Verdier, Oscar E. W ’a er, J. A. W hitworth, Curtis M. W ylie. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. $74,378 66 Savings .......................................... 1,757,628 33 Real estate m ortgages : Commercial ................................. 184,782 51 Savings .......................................... 2,466,438 18 Bonds and securities : Commercial ................................. 702,866 44 Savings .......................................... 1,430,902 41 Due from Federal Reserve bank : Commercial ................................. 108,085 87 Savings .......................................... 180,000 00 Due from banks in reserve cities : Commercial ................................. 524,995 18 Savings .......................................... 803,824 56 Exchanges for clearing house : 32,595 82 Commercial ................................. Total cash on hand : Commercial ................................. 48,203 84 Savings .......................................... 50,000 00 Overdrafts ........................................ 419 20 Premium account ......................... 11,500 00 Banking house ............................... 207,500 00 Furniture and fixtures ............... 50,000 00 Other real estate ........................... 87,588 20 Outside checks, and other cash items ................................................ 157 00 Stock of Federal Reserve bank 61,350 00 T otal ............................................ $8,783,216 20 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Demand certificates of deposit Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers State moneys on d eposit............ U. S. Government d eposits........ Savings deposits (book account) Savings certificates of deposit Club savings deposits ............... Total $850,000 425,000 26,061 98 00 00 38 00 50,000 00 751,542 8,000 3,243 50,043 42,843 200,000 559,324 4,427,826 1,196,747 192,485 24 00 19 42 71 00 55 78 18 75 $8,783,216 20 "■September 15, 1931, The American National Bank, Grand Rapids, and the Security National Bank, Grand Rapids, merged with the Home State Bank for Savings, Grand Rapids. ♦September 15, 1931, The Home State Bank for Savings, Grand Rapids, changed its title to American Home Security Bank, Grand Rapids. CITIZENS IN D U STRIA L BANK, GRAND RAPIDS. Organized October 26, 1927. T heron H. G o o d s p e e d , P r e s i d e n t ; D o n a l d B. W u r z b u r g , V i c e P r e s i d e n t ; B e r n a r d B. F allon, V ic e P r e s id e n t and C a s h i e r ; H e r b e r t E. R a s c h , A ssista n t C a sh ier; A l b e r t B u i k e m a , A u d ito r . D i r e c t o r s . — Theron H. Goodspeed, Adrian Otte, Thomas G. Kindel, John D. Karel, Benn M. Corwin, Tlios. Dempster, Jr., Bernard B. Fallon, Donald B. Wurzburg. Statement September 29, 1931. Resources. Liabilities. L oans, viz.: Notes receivable: Industrial plan ..................... Iiue from banks in reserve cities Cash on hand ................................. Banking house ............................... Furniture and fixtures .............. $308,654 16 89,470 70 502 02 1,635 21 7,421 83 T otal ............................................ $407,683 92 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid in ................. Surplus fund ................................. Undivided profits, earned (net) Reserved for taxes, interest, depreciation, etc........................... Investment certificates outstand ing .................................................... Cash over .......................................... Total ............................................ $100,000 00 50,000 00 3,348 14 4,286 89 250,046 87 2 02 $407,683 92 121 STATE BANKS OF MICHIGAN No. 61. THE GRAND RAPIDS SAYINGS BAN K , GRAND RAPIDS. Organized M ay 1, 1872. Sixteen Branches. W il l ia m G il b e r t O r r in A lden L. B. S m it h , C h a irm a n o f th e B o a r d ; C h a r l e E x e c u tiv e C o m m ittee. s A . G a r f ie l d , C h a irm a n D a a n e , P r e s id e n t; A r t h u r M. G o d w i n E arl C. J o h n s o n . Vice D a v e n p o r t , C a s h i e r ; H. F r e d O l t m a n , T o n y N o o r d e w i e r , H a r r i of th e . Presidents, J. P r o c t , A s s i s t a n t C a s h ie r s . — Noyes L. Averv, W illiam H. Gilbert, W illiam Alden Smith John B Martin, J Arthur H. Vandenburg, Chas. J. Kindel, Fred A. Wurzburg, Gilbert L Daane, Arthur M. Godwin, Tom Thoits, J. Hampton Hoult, Chas. W . Garfield, John Hekman, W infred J. W allace, Harry C. Leonard, W illard F. Keeney, Louis A. Cornelius. D ir e c t o r s Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. $5,457,150 Sayings .......................................... 2,754,266 B eal estate m ortg age s: 244,423 Commercial ................................. Savings .......................................... 5,353,622 Bonds and securities: 1,136,592 Commercial ................................. 562,266 Savings .......................................... Due from Federal Reserve bank : 978,435 Commercial ................................. 281,534 Savings .......................................... Due from banks in reserve cities : Savings .......................................... 1,315 864 Exchanges for clearing house: 363,210 Savings .......................................... T otal cash on h a n d : 200,000 Commercial ............................... 201,046 Savings .......................................... 2,650 Overdrafts ........................................ 1 , 000,000 Banking house ............................... 326,761 Furniture and fixtures ............... 40,116 Other real estate ....................... Due from banks other than in 967 reserve cities ............................... Customers’ bonds left with bank 313,400 for safe keeping ....................... Outside checks, and other cash 17,305 items ................................................ 60,000 Stock of Federal Reserve bank Customers’ acceptances and let 15,226 ters of credit ............................... 16,000 Other assets .................................... Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 35 93 89 48 28 55 60 00 07 03 00 01 71 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to ch%ck .. .................................... Demand certificates of deposit. Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers State moneys on d eposit.......... Savings deposits (book account) Savings certificates of deposit. Club savings deposits ............... Customers’ bonds left with bank for safe keeping ....................... Customers’ acceptances and let ters of credit ............................... $ 1 , 000,000 00 1 , 000,000 00 90,618 14 126 20 61,787 70 6,026,177 107,500 23,807 47,702 777,731 600,000 7,022,070 3,041,268 513,423 36 00 96 56 67 00 42 82 51 313,400 00 15,226 50 00 80 59 25 00 80 00 50 00 $20,640,840 84 Total $20,640,840 84 122 STATE BANKING D EPAR TM E N T GRAND RAPIDS TRUST COMPANY, GRAND RAPIDS. Organized April 1, 1913. Joseph H . B r e w e r , P r e sid e n t; A lexander W . H om pe, L ee M . H u t c h in s , F r a n k G D eane n ' f f i ^ KLAT E £ J w D' P r e s id e n t s ; J a m e s R . H o o p e r , V ic e P r e s id e n t and 1 r u s t O ff i c e r , A. L. W e l l s , S e c r e t a r y ; H e n r y C. W o r f e l , T r e a s u r e r ; F r a n k W S c h m id t ¿ « e s ta n t T rea su rer; A r t h u r A. S m i t h , A s s i s t a n t S e c r e t a r y a n d ' A s s i s t a n t T r e a s u r e r ; F red A W o r d e n , M an ager R eal E sta te D ep a rtm en t; L e e W . F i n c h , M a n a ger B on d D eJjQ/iT77lC7lT. Joseph H. Brewer, Lee M. Hutchins, M. R. Bissell, Jr., Alexander W Homiie FraAkH r L °De1atneThTani1P?^. Goodspeed, Joseph Murphy, Ellis W . Ranney, Lewis T. Wilmarth,’ ™ R - HoT °Per’ Edwin Owen, Paul F. Steketee, Louis A. Cornelius, D i r e c t o r s .— Benjamin W olf?1Grove? C?Good,' C &H lin V e h ^ H ' Rademaker- Leon T ' Clousterhouse, Statement September 29, 1931. Resources. Liabilities. Collateral loans: Tim e ................................................ $86,801 25 Demand .......................................... 6,300 00 Loans on real estate m ortgages : 204,054 01 In office .............. W ith state treasurer ............... 210,370 00 B o n d s: In office ......................... 805,238 78 Due from approved reserve de positaries ............................................. 1 9 1 ,58140 Cash .................................................... 19,964 56 Items in transit ........................... 25 00 Advances to trusts ....................... 289,778 85 ................................................ 9,833 50 Stocks Other investments ....................... 4,424 93 31 *323 15 Safe deposit vaults ..................... Banking house ............................... 775,000 00 Furniture and fixtures ............... 250,193 49 Accrued interest and prepaid expense .......................................... 44,033 36 Securities for safe keeping___ 35,450 00 $750,000 00 Capital stock paid in ................... Surplus fund ................................... 800,000 00 Undivided profits (less ex penses, interest and taxes .„Paid) ................................................ 21,082 33 Reserve for contingencies........ 14,769 85 Dividends unpaid ......................... 62 00 Corporate agency deposits ______ 202,232 40 Trust deposits .................................... 157,959 75 Agency d e p o s its .................................. 508,403 54 Securities for safekeeping.......... 35,450 00 Accrued interest and expenses 35,437 43 Certificates of deposit....................... 438,874 98 T otal ............................................ $2,964,372 28 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal ............................................ $2,964,372 28 123 STATE BANKS OF MICHIGAN THE M ICHIGAN TRUST COMPANY, GRAND RAPIDS. Organized June 1, 1889. J o h n D u f f y , C h a ir m a n o f t h e B o a r d . L. A v e r y , P r e s i d e n t ; H e n r y I d e m a , S e n i o r V i c e P r e s i d e n t ; G e o r g e C. T h o m s o n , E x e c u t i v e V i c e P r e s i d e n t ; G u y C. L i l l i e , A r e n d V . D u b e e , C h a r l e s H . B e n d e r , V ic e P r e s i d e n t s ; H a r r y B. W a g n e r , J. D o n a l d M c C o r m i c k , A. S . P a l m e r , W . F. W h i t m a n , A s s i s t a n t V i c e P r e s i d e n t s ; A. C . S h a r p e , V i c e P r e s i d e n t a n d T r e a s u r e r ; J o h n M c R e y n o l d s , A s s i s t a n t T r e a s u r e r a n d A u d i t o r ; C. S . J o h n s o n , S e c r e t a r y ; D o n M . L i l l i e , W m . C . S c h o u t e n , T h o m a s K r a a l , G e o r g e H . W h i t w o r t h , A s s is ta n t S ec reta ries. N oyes D i r e c t o r s .— Edward Lowe, F . A. Gorham, Henry Idema, James D. Lacey, John Duffy, Miner S. Keeler, Thos. W m . Hefferan, Noyes L. Avery, Clarence S. Dexter, Chas. T. Mitchell, George C. Thomson, David A. Warner, Tom Thoits, Guy C. Lillie, Nathaniel Robbins. Statement September 29, 1931. Liabilities. Resources. Collateral lo a n s: Tim e ................................................ Demand .......................................... Other lo a n s.......................................... Loans on real estate m ortg ages: In office .............. W ith state treasurer ............... B o n d s: In office ........................................ W ith state treasurer ............... Due from approved reserve de positaries ...................................... T»ue from other banks and bankers .......................................... Outside checks and cash items Cash .................................................... Items in transit ........................... Miscellaneous advances ............. Advances to trusts ....................... Other real estate ........................... Stocks ................................................ Other investments, subsidiary companies .................................... Safe deposit va u lts......................... Furniture and fixtures ............... Other assets .................................... $353,675 00 140,553 63 21,835 57 220,432 03 64,000 00 440,197 34 200,423 23 395,060 20 110,000 11,144 11,705 6,218 11,156 534,252 174,792 711,068 00 25 23 29 83 56 69 03 135,074 4,000 52,591 40,480 00 00 48 00 T otal ............................................ $3,638,660 36 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................... $1,200,000 00 400,000 00 Surplus fund ................................. Undivided profits (less expenses, interest and taxes paid) . . . . 225,165 82 Reserve for taxes, etc................. 31,970 69 Dividends unpaid ......................... 24,000 00 Corporate agency deposits . . . . 171,568 32 1,545,475 53 Trust deposits ............................... Other liabilities ............................. 40,480 00 Total ............................................ $3,638,660 36 124 STATE BANKING D EPAR TM E N T No. 402. OLD KEN T BAN K , GRAND RAPIDS. Organized M ay 14, 1908. Thirteen Branches. H e n r y I d e m a , C h a irm a n o f th e B o a rd . <_l a y H. H o l l i s t e r , P r e s i d e n t ; A. W . H o m p b , H e r b e r W . C u r t i s , T. W . H e f f e r a n , C a s p a r B aarm an, E ugene R ic h a r d s , E ugene D. Conger, V ic e P r e s id e n t s j H e n r y V erh oek, A s s is ta n t V ic e P r e s id e n t and A s s is ta n t C a s h ie r ; J . C l i n t o n B is h o p , C a sh ier; W. T . D o s k .e r , P h i l L . H o l l w a y , A ss is ta n t C a sh ie r s C l if f o r d B uchanan, H enry E . F ord, ; A u d ito r s. Henry Idema, A. W . Hompe, F. S. Heber W . Curtis, Benj. W olf, T. W . Hefferan, Steketee, James F. Barnett, C. S. Dexter, Clay Jack, Eugene Richards, H . M. Taliaferro, Frank burg. D i r e c t o r s .— Foote, Benj. S. Hanchett, M. S. Keeler. Casper Baarman, E. D. Conger, Paul F. H. Hollister, Jno. P. Homiller, Win. A. Jewell, David A. Warner, Wm M. W urz Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Exchanges for clearing house : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Due from banks other than in reserve cities ............................. Customers’ bonds left with bank for safe keeping ....................... Outside checks, and other cash hem s ................................................ Stock of Federal Reserve bank Customers’ acceptances and let ters of credit ............................. Other asse ts........................................ Total Liabilities. $7,292,167 14 6,812,775 07 63,650 00 8,205,310 25 950,369 80 1,888,760 79 833,374 50 530,000 00 1,458,989 65 403,764 16 59,494 11 392,242 453,281 3,912 1,677,641 1 171,280 30 37 91 64 00 31 1,976 30 2,430,232 23 390,963 47 120,000 00 51,800 78 1,032 33 ............................................$34,193,020 11 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid in ................. $2,000,000 00 2,000,000 00 Surplus fund ................................... Undivided profits, net ............... 495,987 95 Dividends unpaid ......................... 718 60 Reserved for taxes, interest, depreciation, etc......................... 18,121 78 Commercial deposits subject to check ............................. ’ ................ 8,195,626 69 Demand certificates of deposit. 167,583 79 Certified checks ............................. 15,737 83 Cashier’s checks ........................... 36,682 68 Due to other banks and bankers 1,749,700 29 261,629 47 State moneys on deposit .......... U. S. gov’t d eposits....................... 57,645 02 Savings deposits (book account) 10,919,713 69 Savings certificates of deposit. 5,594,157 33 Club savings deposits ............... 197,681 98 Customers’ bonds left with bank for safe keeping ....................... 2,430,232 23 Customers’ acceptances and let ters of credit ............................... 51,800 78 Total ............................................$34,193,020 11 125 STATE BANKS OF MICHIGAN No. 766. UNION B A N K OF M ICHIGAN, GRAND RAPIDS. Organized October 3, 1929. J. E. F r e y , P r e s i d e n t ; S t u a r t E. K n a p p e n , W . J. R i p l e y , R o b e r t P. A m e s , R. D. M a t h e s o n I. C. B r a d b u r y , C h a s . A. P h e l p s , V ic e P r e s i d e n t s ; R a l p h T. W i l l a r d , C a s h i e r j H e l e n W . N e w e l l , A s s i s t a n t C a s h ie r . ^ „ _ .. „ D i r e c t o r s .— R. D . Matheson, Stuart E. Knappen, D . M. Ray, Kenneth C . Welch Kellar Stem, Robert F. Ames, D. W . Kimball, J. E. Frey, Earl M. Johnson, I. C. Bradbury, W . J. Ripley. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. $1,386,574 04 412.825 92 Savings .......................................... Real estate m ortgages : 387,459 70 Savings .......................................... Bonds and securities : 358.825 21 Commercial ................................. 377,157 67 Savings .......................................... Due from banks in reserve cities : 103,185 20 Commercial ................................. 125,000 00 Savings .......................................... Exchanges for clearing house: 6,537 54 Commercial ................................. Total cash on hand : 19,856 08 Commercial ................................. 100 00 Savings .......................................... 1 85 Overdrafts ........................................ 1 00 Furniture and fixtures .............. Customers’ bonds left with bank 27,230 00 for safe keeping ....................... Accrued interest, receivable 1,806 15 (net) ................................................ Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ........................................ Demand certificates of deposit Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers Industrial investment certifi cates ................................................ Savings deposits (book account) Club savings deposits ............... Customers’ bonds left with bank for safe keeping ....................... 16,060 04 407,266 338,938 46 9,780 50,121 80 64 13 53 96 262,482 13 1,021,965 52 11,116 25 27,230 00 $3,206,560 36 Total $3,206,500 36 Total $500,000 00 500,000 00 61,552 36 No. 359. THE G RAN DVILLE STATE BANK , G RAN DYILLE. Organized January 18, 1907. H arold D i r e c t o r s .— T. S l a g h t , P r e s id e n t and Evert Bouwknegt, C a sh ier; G arret Z u id e m a , V ic e P r e s id e n t ; L ee Jo h n so n , Harold T. Slaght, Garret Zuidema, Alice Zuidema, H. Waters. Dudley Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings ............................................ TJ. S. Bds. and Cert, of Ind. as legal reserve • Savings dept, only ................... Total cash on hand: Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $69,327 02 51,150 07 8,168 93 110,354 31 44,446 76 41,750 65 Capital stock paid in ............... Surplus fund .................................... Undivided profits, net ............... Commercial deposits subject to check .............................................. Demand certificates of deposit. Savings deposits (book account) Savings certificates of deposit Bills payable .................................. $20,000 00 6,500 00 18,130 14 Total ............................................ $405,918 64 80,091 46,979 112,641 103,577 18,000 00 30 01 19 00 21,791 59 567 98 21,243 75 6,587 279 12,000 11 750 6,500 21 75 00 00 62 $405,918 64 126 STATE BANKING DEPARTMENT No. 340. THE GRANT STATE BANK, GRANT. Organized February 28, 1906. H erman M cK in l e y , D i r e c t o r s .— P. C o r n e l iu s G e r b e r , C h a irm a n o f th e B o a rd . P r e s i d e n t ; P. D r u m m o n d , R. E. K i n c a i d , V i c e P r e s i d e n t s j C a s h i e r ; D . A . M c K i n l e y , A s s i s t a n t C a s h ie r . Drumond, Herman McKinley, E. Clare Kempt, W hite, R. E. Kincaid, E. J. Stone. J. B. C r o s k e y , Cornelius Gerber, Milo A. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial .................................... Savings .......................................... Real estate m o rtg ages: Savings .......................................... Bonds and securities: Savings ........ Due from banks in reserve cities : Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate............................. Customers’ bonds left with bank for safe keeping ....................... T otal ............................................ $79,907 74 71,552 82 138,259 35 21,155 00 11,118 17 Capital stock paid i n ................. Surplus fund ................................. Undivided profits, net ............... Commercial deposits subject to check ................................................ Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping ....................... $30,000 00 15,000 00 5,297 22 73,233 40 171,024 55 73,900 82 950 00 17,150 00 8,816 3,000 50 5,500 3,000 8,945 43 00 75 00 00 73 950 00 $369,405 99 Total $369,405 99 No. 27. THE FARM ERS STATE BAN K , GRASS LAK E. Organized April 24, 1883. E. D J. F o ster, i r e c t o r s .—-E. P r e s id e n t; E. W . H o b a r t , V i c e P r e s i d e n t ; F. H . J . K n i g h t , A s s i s t a n t C a s h ie r . G. M ellen cam p, C a sh ier j J. Foster, E. W . Crafts, E. W . Hobart, F. H. Shelly, H . J. Knight, F. G. Mellencamp, E. F. Robinson, W . K . Crafts, H. B. Mellencamp. Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings ............................................ Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................. Other real estate ....................... Customers’ bonds left with bank for safe keeping ....................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $58,011 00 40,000 00 6,437 97 125,200 53 10,550 00 6,000 00 27,076 96 22,049 16 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Certified checks ............................. U. S. Government d eposits........ Savings deposits (book account) Savings certificates of deposit. Club savings deposits ............... Customers’ bonds left w ith bank for safe keeping ....................... $25.000 00 25,000 00 2,318 30 421 58 107,820 89 901 150,758 61,763 165 21 86 98 19 95 76 41,800 00 43,750 00 10,143 2,000 58 10,250 12,712 92 00 04 00 20 41,800 00 $416,039 83 T otal ............................................ $416,039 83 127 STATE BANKS OF MICHIGAN *No. 780. GRAYLING STATE SAVINGS BANK , GRAYLING. Organized December 5, 1931. E D sbern H anson i r e c t o r s .— , P r e s id e n t; H o lg er H anson , V ic e P r e s id e n t ; J o h n B rdcn , C a s h ie r . Esbern Hanson, Holger Hanson, A . J . Nelson, Fred K . Welch, J . F . Smith. ““Commenced business January 2, 1932. No. 518. THE M INERS AND M ERCHANTS STATE BA N K , GREENLAND. Organized July 17, 1912. C. H . D Brown, i r e c t o r s .— P r e s id e n t; F r e d R o g e r s , V ic e P r e s i d e n t ; C l a r e n c e L o r e n R o g e r s , A s s i s t a n t C a s h ie r . J. D u b u q u e , C a sh ier; C. H . Brown, Edward Rousseau, Clarence J. Dubuque, Fred Rogers, Claude D. Riley, Almor Penegor. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept,only .................... Total cash on hand : Commercial ................................. Savings .......................................... ........................... Banking house Furniture and fixtures ............ Other real estate ......................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $50,181 11 19,000 00 29,770 66 46,771 80 87,330 00 13,304 70 21,664 49 Capital stock paid in ................. Surplus fund ................................... Undivided profits, net .............. Commercial deposits subject to check .............................................. Certified checks ............................. Cashier’s checks ........................... Time commercial certificates of deposit ............................................ Savings deposits (book account) $20,000 00 10,000 00 8,487 25 T otal ............................................ $292,655 35 80,549 61 177 00 410 24 13,477 34 159,553 91 10,000 00 4,699 5,000 3,500 1,075 357 91 00 00 00 68 $292,655 35 128 STATE BANKING D EPAR TM E N T No. 263. COMMERCIAL STATE SAVIN G S BANK, GREENVILLE. Organized June 10, 1902. Ch as. M. M P r e s i d e n t ; E. A . K e m p , E. W . R a n n e y , V i c e P r e s i d e n t s ; C l a u d V . C o a t s , „ C a s h i e r ; W a l t e r K . W a r d , A s s i s t a n t C a s h ie r . E. A. Kemp, Chas. M. Miller, E. W . Ranney, George C. Bower, Claud V. Coats, W . G. Clark, L. Stanley Kemp, LeRoy W . Ranney. il l e r , _ D i r e c t o r s .— Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ............. Sayings . . .. ................................ Due from banks in reserve cities : Commercial ................................. Savings ........................................ Exchanges for clearing h o u se : Sayings ......................................*. Total cash on h a n d : Sayings .......................................... Overdrafts ........................................ Furniture and fixtures ............. Other real estate ..................... Customers’ bonds left with bank for safe keeping ....................... Stock of Federal Reserve bank Total $379,232 08 221,379 64 201,527 76 120,300 00 256,227 25 23 041 4 ? 30i000 00 22,931 88 2,621 16 266 92 Capital stock paid in ................... Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Cashier’s checks ........................... U. S. Government deposits . . . . Savings deposits (book account) Savings certificates of deposit. Club savings deposits ............... Bills payable ................................... Customers’ bonds left with bank for safe keeping ....................... $50,000 00 50,000 00 14,891 22 18,000 00 172,310 95 192,574 56 2,061 88 16,373 10 286,216 95 426,503 70 7,709 55 50,000 00 295,650 00 1 8 ,1 8 1 0 4 505 jg 2.604 56 4 763 01 295,650 00 3,000 00 ............................................ $1,582,291 91 Total ............................................ $1,582,291 91 No. 188. GREENVILLE STATE BANK , GREENVILLE. Organized March 24, 1896. C h arles D i r e c t o r s .— J. G ib s o n , J. P r e s id e n t; W m . H . B r o w n e , ,T. S u f f e r n , C a s h ie r . S. G ib s o n , V ic e P r e s id e n ts ; A. ,T. S. Gibson, W m . I I . Browne, Charles J . Gibson, D . H . Moore, Ray S. Cowin, F. E. Tower, A. J. Suffern. Statement September 29, 1931. Resources. Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. Capital stock paid in $100,000 00 Surplus fund ................................... 50,000 00 Undivided profits, net ...... 11,396 33 Reserved for taxes, interest, depreciation, etc........ 10,650 00 Commercial deposits subject to check .............................................. 275,018 63 Demand certificates of deposit. 200,599 01 Cashier’s checks ........................... 627 67 Savings deposits (book account) 254,469 69 Savings certificates of deposit. 135,523 20 Bills payable ................................. 60,000 00 Customers’ bonds left with bank for safe keeping ....................... 127,075 50 . Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... Exchanges for clearing house: Commercial ................................. Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... $357,498 44 30,926 55 192,966 39 152,480 70 173,340 00 55,290 75 51,650 00 657 42 22,993 57 1,000 00 82 15,000 6,694 37,704 11 00 60 00 127,075 50 $1,225,360 03 Total $1,225,360 03 129 STATE BANKS O F M ICHIGAN No. 556. THE GROSSE POINTE SAVINGS BANK, GROSSE POINTE. Organized December 14, 1914. J. H E dward D i r e c t o r s .— , P r e s i d e n t ; L. S. T r o w b r i d g e , V i c e P r e s i d e n t ; F. C. F l u m k r f e l t , P r e s i d e n t a n d C a s h i e r ; H a r r y A . F u r t o n , A s s i s t a n t C a s h ie r . ic k e y V ic e Frank W . Hubbard, F. C. Burden, D. S. Carter, R. P. Connor, Edward J. Hickey, L. S. Trowbridge, D. D. Douglas, Geo. Osius, Jos. B. Schlotman, Herbert B. Trix, F. Langdon Hubbard, Carter Sales, Henry E. Candler, Mark A. W ilson. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................... T otal cash on hand : Commercial ................................. Savings ............................................ Overdrafts ........................................ Banking house ............................... Other real estate ........................... Accrued interest, receivable (net) ................................................ Total $116,840 10 192,482 31 36,073 98 392,519 17 86,506 18 221,386 25 91,688 15 40,000 00 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check .............................................. Certified checks ............................. Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit. Club savings deposits ............... Accrued interest and expense payable (net) ............................. $60,000 00 40,000 00 15,890 91 3,430 71 422,495 760 4,868 791,893 30,054 9,902 93 17 64 00 86 25 12,470 93 100,984 38 29,418 30,000 173 32,162 8,426 01 00 49 03 35 13,107 00 $1,391,767 40 $1,391,767 40 Total No. 702. *GUARDIAN B A N K OF GROSSE POINTE, GROSSE POINTE PARK. Organized May 31, 1923. One Branch. H. D L. W , V i c e P r e s i d e n t ; W . R. D e B a e c k e , A s s i s t a n t V i c e P r e s i d e n t ; S. W . H o s k i n g , H e n r y C. D e Y o n k e r , A s s i s t a n t C a s h ie r s . Hugh J. Ferry, Louis A. DeHayes, H. J. W illiam s, John H . Tigchon, C. W . Treadwell, Chas. E. Clark, H. L. Wadsworth, Allan A. Templeton. adsw orth i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... T otal cash on hand: Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Due from banks other than in reserve cities ............................... Accrued interest, receivable (net) ................................................ Total Liabilities. $254,057 43 298,243 00 12,063 93 291,320 56 12,492 58 120,000 00 18,570 104 40,847 3,824 20,047 36 20 30 52 07 Capital stock paid in ............... Surplus fund .................................... Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Certified checks ............................. Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit. Club savings deposits ............... $100,000 00 31,500 00 7,726 25 10,158 82 189,254 911 9,092 628,872 76,664 30,124 31 20 68 23 34 37 3,143 42 9,589 83 $1,084,304 20 Total $1,084,304 20 "■August 28, 1931, The Jefferson Savings Bank, Grosse Pointe Park, changed its title to Guardian Bank of Grosse Pointe, Grosse Pointe Park. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE BANKING D EPARTM EN T 130 No. 410. THE GW INN STATE SAVINGS BANK, GWINN. Organized September 29, 1908. D W m . G. M a t h e r , P r e s i d e n t j G. R. J a c k s o n , V i c e P r e s i d e n t j R. J. J e f f e r y , C a s h ie r . W m . G. Mather, G. R. Jackson, Donald R. MacIntyre, W ilbur W . Graff, Sherman Collins. i r e c t o r s .— G. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Savings ............................................ Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings ....................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... 'Exchanges for clearing house : Commercial ................................. Total cash on hand : Commercial ................................. Savings .......................................... Due from banks other than in reserve cities ........................... Customers’ bonds left with bank for safe keeping ......................... Trust department: Securities ...................................... T otal ............................................ $12,112 56 124,971 12 7,721 15 88,772 90 148,700 18 17.322 14 25,392 69 7,659 38 404 83 Capital stock paid in ................. Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Cashier’s checks ........................... Due to other banks and bankers Savings deposits (book account) Savings certificates of deposit. Club savings deposits ............ Customers’ bonds left with bank for safe keeping ....................... Trust departm ent: Trust deposits— totals .......... $25,000 00 25,000 00 21,172 68 T otal ___ , ................................... $464,247 90 9,268 63 123,224 84 395 54 8,750 00 229,224 65 4,100 00 6,595 38 4,800 00 6,716 18 8,741 03 4,000 00 6,649 92 4,800 00 7,000 00 $464,247 90 No. 709. BA N K OF H AM TRAM CK, HAM TRAM CK. Organized November 24, 1923. John F. K o e n ig , P r e s id e n t; E d w in R. M o n n i g , V i c e P r e s i d e n t ; W . E. D i n g m a n , V i c e P r e s i d C T lt D i r e c t o r s .-— CITICl (J John F. Koenig, Edwin R. Monnig, Theodore J. Richter, Leopold A. Koscinski, W m . E. Dingman, John A. Grosfield, Chas. H . Adams. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................. Exchanges for clearing house: Commercial ................................. T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Outside checks, and other cash items ................................................ Accrued interest, receivable (net) ................................................ Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $200,060 88 258,096 50 138,459 19 110,027 78 35,008 74 13,130 62 51,281 25 Capital stock paid in ................... Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Certified checks ............................. Cashier’s checks ........................... U. S. Government d eposits........ Savings deposits (book account) Savings certificates of deposit. $200,000 00 25,000 00 2,327 82 6,106 87 94,407 96,581 545 15,557 126,877 425,873 12,689 76 91 32 98 99 62 19 1,662 80 26,548 67 6,000 00 36 64 120,000 00 32,209 85 5,289 01 2 50 8,154 03 $1,005 968 46 Total $1,005 968 46 131 STATE BANKS OF MICHIGAN No. 617. LIB E R TY STATE BANK, HAM TRAM CK. Organized July 23, 1918. Two Branches. J o s e p h C h r o n o w s k i , P r e s id e n t ; A n t h o n y S e e g e r , V ic e P r e s i d e n t ; A l o i s C a s h i e r ; Jos. A . S i k o r a , A s s i s t a n t C a s h i e r ; C. G. D y k o w s k i , T h e o . T . M a n a gers. D i r e c t o r s .— J. C h r o n o w s k i , S ikora, B ranch Joseph Chronowski, Albert L. Schindler, Henry Wunsch, Anthony Seeger, Alois J. Chronowski. Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Exchanges for clearing house : Commercial ................................. Total cash on hand : Commercial ................................. Expenses, interest and taxes paid exceeding earnings . . . . Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping........................... Outside checks and other cash items ................................................ Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $70,065 27 2,640 00 38,860 38 261,089 76 120,002 63 51,399 16 32,402 92 40,000 00 Capital stock paid in ................... Surplus fund ................................. Commercial deposits subject to check .............................................. Certified checks ................ Cashier’ s checks ........................... Personal loan d eposits................. Savings deposits (book account) Savings certificates of deposit Club savings d eposits................... Customers’ bonds left with bank for safe keeping ....................... $100,000 00 30,000 00 319,007 456 7,611 974 273,525 15,101 5,343 25 72 21 50 85 43 25 4,300 00 2,528 85 37,656 18 5 ,5 0 6 6 6 30,500 00 42,500 00 15,907 72 4,300 00 960 68 $756,320 21 Total $756,320 21 STATE BANKING D EPAR TM E N T 132 No. 435. PEOPLES W A Y N E COUNTY BANK , HAM TRAM CK. Organized February 4, 1909. Four Branches. H enry L edyard, C h a ir m a n o f th e B oa rd . J. C. F r i e d e l , P r e s i d e n t ; A. W . M i c h a l a k , V i c e P r e s i d e n t a n d C a s h i e r ; C. J. W i e r z b i c k i , V i c e P r e s i d e n t ; V. F. M a c i e j e w s k i , F r a n k J. B e r n o c k , A. C. O w c z a r z a k , A s s i s t a n t D i r e c t o r s .— W illiam Blanck, John R. Bodde, McPherson Browning, H . W . Bulkley, H . L. Chittenden, D. W . Daker, T. T. Dysarz, Harry J. Fox, J. C. Friedel, John A. Fry, J. C. Hutchins, Henry Ledyard, Peter J. Leszczynski, T. W . P. Livingstone, M. J. Murphy, Nelson L. Olson, Edward H . Rogers, Roman Sadowski, Chas. P. Spicer, Stephen Trybus, Mark A. Wilson. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. $1,012,643 82 Real estate m ortgages : 154,862 20 Commercial ................................. Savings .......................................... 3,338,277 66 Bonds and securities : 1,579,995 75 Commercial ................................. Due from banks in reserve cities : 1,392 54 Commercial ................................. 20,000 00 Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : 178.150 00 Savings dept, only ................... Exchanges for clearing house: 103,136 10 Commercial ................................. Total cash on hand : 2,916 59 Commercial ................................. 120,000 00 Savings .......................................... oi q 20 Overdrafts .......................................... Banking house ............................... 254,803 72 62,906 97 Other real estate ........................... Outside checks, and other cash 672 90 items ................................................ Accrued interest, receivable 104.150 36 (net) ................................................ $6,934,121 81 Total Capital stock paid in ................. Surplus fund .................................... Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc ....................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Certified checks ........................... Cashier’ s checks ........................... State moneys on deposit ........ U. S. Government d eposits. . . . Savings deposits (book account) Savings certificates of deposit. Club savings d eposits................. $400,000 00 400,000 00 232,396 99 158,655 20 1,209,478 200,000 2,369 48,737 100,000 450,000 3,606,352 94,098 32,032 89 00 72 19 00 00 64 93 25 $6,934,121 81 Total SUPERIOR TRUST COMPANY, HANCOCK. Organized June 30, 1902. L. L a w t o n , P r e s i d e n t ; G o r d o n R. C a m p b e l l , J o s e p h R u p p e , V i c e P r e s i d e n t s j R i c h a r d O d g e r s , S e c r e t a r y - T r e a s u r e r ; Jos. M . B o r l a c e , A s s i s t a n t S e c r e t a r y - T r e a s u r e r . Chas. L. Lawton, Joseph Bosch, Gordon R. Campbell, Ferdinand Wieber, Swaby L. Lawton, Ed. M. Lieblein, Allen F. Rees, Joseph Ruppe, Charles A. W right, Lessing Karger, C. M. Hoar, Ray W . Armstrong, Paul Ruppe, Isidor Gartner, Win. Johnson, Frank H. Bennett. Ch as. B. D i r e c t o r s .— Statement September 29, 1931. Liabilities. Resources. Collateral lo a n s: Tim e ................................................ Demand .......................................... Other loans ..................................... Loans on real estate m ortg age s: In office .......................................... W ith state treasurer ............... B o n d s: In office ........................................ W ith state treasurer ............... Due from other banks and bankers .......................................... Advances to trusts ....................... Other real estate ........................... Real estate m ortgages securing debentures ................................... Other assets ................................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $500 00 40,544 22 12,113 90 72,316 75 46,703 74 81,626 73 32,000 00 Capital stock paid i n ................... Surplus fund ................................. Undivided profits (less expenses, interest and taxes p a id )........ Reserve for taxes, etc................... Dividends unpaid ......................... Trust deposits .................... Debentures ........................................ Certificates of deposit ............... $150,000 00 60,000 00 27,562 863 180 99,369 36,300 20,763 70 20 00 66 00 43 54,985 08 353 17 5,152 85 40,458 73 8,283 82 $395,038 99 T otal ............................................ $395,038 99 133 STATE BANKS OF M ICHIGAN No. 254. HURON COUNTY STATE BAN K , HARBOR BEACH. Organized January 13, 1902. D a r iu s M ih l e t h a l e r , P r e s id e n t; B ela W. J e n k s , J r ., V ic e P r e sid e n t; W J. E il l ia m e i t h J. M i h l e t h a l e r , G e o . M. H a r w o o d , A s s i s t a n t C a s h i e r s . Darius Mihlethaler, B . W . Jenks, Jr., Roland Eiber, W . J. Engle, Mihlethaler. ngle, C a sh ie r ; K D i r e c t o r s .— Keith J. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................. Savings ............................. Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................. Exchanges for clearing house: Commercial ................................. Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts .......................................... Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Customers’ bonds left with bank for safe keeping ....................... Total ............................................ $65,116 54 35,434 46 94,203 07 285,000 00 263,880 00 57,351 88 36,777 72 Capital stock paid in ................ Surplus fund ................................. Undivided profits, net .............. Commercial deposits subject to check .............................................. Certified checks ............................... Cashier’ s checks............................... Tim e commercial certificates of deposit ............................................ Savings deposits (book account) Savings certificatesof deposit. Customers’ bonds left with bank for safe keeping ................... $30,000 00 20,000 00 13,246 46 114,936 73 20 00 843 46 281,426 69 339,608 62 107,262 74 8,300 00 26,700 00 222 80 15,067 2,000 58 17,000 7,532 1,000 10 00 63 00 50 00 8,300 00 $915,644 70 Total ............................................ $915,644 70 No. 412. THE STATE B A N K OF HARBOR BEACH, HARBOR BEACH. Organized October 8, 1908. R o b in s o n D W i r e c t o r s .— ellock, P r e s id e n t; W il l ia m G l a s s , D . E . W a g n e r , V ic e P r e s id e n t s ; P r i e s k o r n , C a s h i e r ; R u t h T e m p l e t o n , A s s i s t a n t C a s h ie r . J. C. Robinson Wellock, W alter Howell, D . E . Wagner, W illiam Glass, J . C . Prieskorn. Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ........................ Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ......................... Exchanges for clearing house : Commercial ................................. Total cash on hand: Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Customers’ bonds left with bank for safe keeping ....................... Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $148,740 64 9,527 58 1,485 00 105,717 01 20,215 00 110,539 02 20,280 34 2,385 96 Capital stock paid in ................ Surplus fund ................................. Undivided profits, net .............. Commercial deposits subject to check ................................................ Cashier’s checks ........................... Time commercial certificates of deposit ............................................ Savings deposits (book account) Savings certificatesof deposit. Bills payab le...................................... Customers’ bonds left with bank for safe keeping ................... $25,000 00 10,000 00 7,568 57 60,366 22 1,633 71 90,628 62 186,716 35 64,912 23 30,000 00 5,500 00 25,300 00 75 37 4,366 5,000 16 4,000 1,400 17,776 80 00 72 00 00 26 5,500 00 $482,325 70 T otal ............................................ $482.325 70 134 STATE BANKING D EPAR TM E N T No. 326. THE EM MET COUNTY STATE BAN K , HARBOR SPRINGS. Organized November 1, 1905. W . J. C l a r k e , P r e s i d e n t ; E. G. C a r e y , V i c e P r e s i d e n t ; J. T. C l a r k e , V i c e P r e s i d e n t a n d C a s h i e r ; W . J. C l a r k e , J r ., A s s i s t a n t C a s h i e r . D i r e c t o r s .— W . J. Clarke, E. G. Carey, J. T. Clarke, E. M. Clarke, W . J. Clarke, Jr. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Real estate m ortgages : Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... T otal cash on hand: Commercial ................................. Savings .......................................... Overdrafts ........................................ Furniture and fixtures ............... Customers’ bonds left With bank for safe keeping ....................... Trust department : Cash .................................................. Due from banks in reserve cities ............................................ Total ................................. .. $171,605 81 41,311 04 168,550 00 493,768 36 237,126 22 118,416 73 6,722 87 5,000 00 65 21 1 00 Capital stock paid in ................. Surplus fund ................................... Undivided profits, net ................. Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ........................... Postal savings d eposits............. Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping ....................... Trust department: T rust deposits— totals .......... $25,000 00 100,000 00 16,027 86 5,000 00 422,800 1,157 8,973 5,111 453,311 205,184 42 85 01 97 90 23 90,050 00 10,405 29 90,050 00 6,079 57 4,325 72 $1,343,022 53 T otal ............................................ $1,343,022 53 No. 355. THE STATE SAYINGS BA N K OF HARRISON. Organized December 8, 1906. J. E . L a d d , P r e s i d e n t ; E l l is head, C D ir e c t o r s . G. H u g h e s , M i c h a e l F a n n i n g , V i c e P r e s i d e n t s ; a s h i e r ; W . L . H a r p e r , A s s i s t a n t C a s h ie r . F. W eather- F. Weatherhead, A. S. McIntyre, Ellis G. Hughes, J. E. Ladd, Elmer J. Hughes, Michael Fanning, W . G. W est, Elmer C. Clute, W illiam Murphy. Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... Exchanges for clearing house : Commercial ................................. T otal cash on hand : Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Customers’ bonds left with bank for safe keeping ....................... Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $55,666 92 8,925 00 10,016 22 36,080 79 7,000 00 118,100 00 3,898 89 21,442 68 Capital stock paid i n . $25,000 Surplus fund ................................... Undivided profits, net ...... Reserved for taxes, interest, 885 depreciation, etc........ Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks............ 2,656 Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping ....................... 00 7,500 00 3,110 06 00 78,458 04 10,514 80 37 151,296 68 12,547 34 3,050 00 12,550 00 7 01 6,384 247 4,000 2,500 5,149 02 62 00 00 14 3,050 00 $295,018 29 T otal ............................................ $295,018 29 STATE BANKS OF M ICHIGAN 1 35 No. 369. ALCONA COUNTY SAVINGS BAN K , H AR RISV ILLE. Organized March 31, 1907. Jo h n M D P r e s i d e n t ; W . L. C h a p e l l e , V i c e P r e s i d e n t ; L. R. R o ss, C a s h ie r . John Macgregor, W . L. Chapelle, A . R. Miller, L . R. Ross, Jos. R. Miller. acgregor, i r e c t o r s .— Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. Savings ............... Real estate m o rtg ages: Commercial ................................. Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... Outside checks and other cash items ................................................ Total ............................... ............ $103,135 31 7,640 02 15,827 52 95,812 23 123,000 00 22,669 40 34,000 23 1,747 3,000 506 12,500 3,575 13,185 Capital stock paid i n ................. Surplus fund ................................... Undivided profits, net ............... Commercial deposits subject to check ................................................ Cashier’ s checks ........................... Savings deposits (book account) Savings certificates of deposit. Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... $25,000 00 25,000 00 463 16 125,854 37 988 32 252,485 81 1,040 07 6,000 00 15,400 00 53 00 56 00 00 76 15,400 00 232 17 $452,231 73 T otal ............................................ $452,231 73 No. 50. *OCEANA COUNTY SAVINGS BANK , HART. Organized October 31, 1887. H . S. N e w t o n , P r e s i d e n t ; L. S. P l a t t , V i c e P r e s i d e n t ; W . E. R o l l i n s , V i c e P r e s i d e n t a n d C a s h i e r ; W . S. G r e i n e r , H . C. H u t c h i n s o n , A s s i s t a n t C a s h ie r s . i r e c t o r s .— H. S. Newton, L. S. Platt, L. P. Hyde, W . E. Rollins, G. W . Powers, A. H. Platt, Ralph Dukes. D Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ............... Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings ............................................ Due from banks in reserve cities : Commercial ................................. Savings .......................................... Exchanges for clearing house : Commercial ................................. T otal cash on hand : Commercial ................................. Savings ............................................ Overdrafts ........................................ Banking house ............................. Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ......................... Outside checks, and other cash items ................................................ Stock of Federal Reserve bank. T otal ............................................ ♦Closed December 28, 1931. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $175,541 23 24,360 00 1,450 00 98,078 10 20,707 50 132,527 75 14,137 07 8,100 00 11,651 24 22,426 29 Capital stock paid in ................. Surplus fund .................................... Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ............................. Cashier’s checks ........................... State moneys on d eposit.......... Savings deposits (book account) Notes and bills rediscounted.. Bills payable ................................... Customers’ bonds left with bank for safe keeping ....................... $40,000 00 25,000 00 11,894 74 18,486 37 123,019 51,953 208 286 117 266,417 10,000 20,000 49 03 60 75 18 33 00 00 1,400 00 326 43 9,809 12,000 7 20,000 8,000 6,238 79 00 50 00 00 95 1,400 00 71 64 1,950 00 $568,783 49 Total $568,783 49 STATE BANKING D EPAR TM E N T 136 No. 11. HASTINGS CITY BAN K , HASTINGS. Organized October 26, 1886. M. L. Cook, D i r e c t o r s .— P r e s i d e n t ; F. W . S t e b b i n s , V i c e P r e s i d e n t ; M. A. L a m b i e , V i c e P r e s i d e n t a n d C a s h i e r ; R. W . C h a n d l e r , L. E. L o w e l l , A s s i s t a n t C a s h ie r s . M. L. Cook, A. A. Anderson, Kellar Stem, F. W . Stebbins, M. A. Lambie, R. C. Fuller, C. S. McIntyre, A. H. Carveth, Robert T. W alton. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial .................................... Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................. Exchanges for clearing house : Commercial .................................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Customers’ bonds left with bank for safe keeping ....................... Outside checks, and other cash items ................................................ T otal $369,943 04 146,548 31 4,350 00 113,814 46 218,575 17 109,802 87 85,615 39 3,597 72 46,000 00 482 96 8,338 10,000 1,729 35,000 12,205 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net .............. Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ............................. Cashier’s checks ........................... State moneys on deposit .......... Savings deposits (book account) Savings certificates of deposit. Club savings deposits ............... Bills payable ................................... Customers’ bonds left with bank for safe keeping ....................... $75,000 00 50,000 00 60,907 06 26,325 00 271,417 17 96,850 23 563 88 375 27 50,000 00 396,243 28 877 22 21,208 54 120,000 00 23,800 00 56 00 03 00 00 23,800 00 3,765 14 ............................................ $1,193,567 65 T otal ............................................ $1,193,567 65 No. 441. THE HEMLOCK STATE BAN K , HEMLOCK. Organized September 14, 1909. W il l ia m P au l, D i r e c t o r s .— P r e s id e n t ; John F. E. C. R a u c h h o l z , V i c e P r e s i d e n t ; W i n c h e l l , A s s i s t a n t C a s h ie r . R. B. B eaver, C a sh ier; W illiam Pahl, John C. Rauchholz, Henry Alward, R. B. Beaver, E. S. Beaver. Statement September 29, 1931. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg a g e s: Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................... Total cash on h a n d : Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Customers’ bonds left with bank for safe keeping........................... Outside checks and other cash items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $148,488 17 8,000 00 168,710 00 17,600 00 160,167 42 25,493 39 60,495 65 43,950 00 4,744 94 2,725 1,141 Capital stock paid i n ................... Surplus fund ............................... Undivided profits, net ............... Dividends unpaid ......................... Commercial deposits subject to check ................................................ Cashier’s checks ........................... State moneys on deposit .......... Time commercial certificates of deposit ............................................ Savings deposits (book account) Club savings deposits ............... Customers’ bonds left with bank for safe keeping........................... $20,000 20,000 5,642 91 00 00 19 00 121,503 75 2,343 63 10,000 00 62,864 86 398 964 25 365 00 11,400 00 33 42 00 02 11,400 00 165 28 $653,174 68 T otal ............................................ $653,174 68 STATE BANKS OF M ICHIGAN 137 No. 711. FARM ERS STATE BAN K , HENDERSON. Organized April 19, 1923. G. T . S o u l e , P r e s id e n t ; H a r r y C o y , R e u b i n W e i d m a n , V ic e P r e s id e n ts ; H . R . T y s o n , C a s h ie r ; D . W . D e l l a m a t e r , A s s i s t a n t C a s h ie r . G. T. Soule, Reubin Weidman, Harry Coy, H . R. Tyson, W . T. Parker, J. J. D i r e c t o r s .— Haviland, G. L. G. Cramer. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... T otal cash on hand : Commercial ................................. Savings .......................................... Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... T otal ............................................ $42,114 22 17,286 50 31,359 24 11,000 00 17,895 41 13,306 20 4,650 00 1,421 2,000 5,500 2,300 116 Capital stock paid i n . $20,000 Surplus fund ................................. Undivided profits, net ...... Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc....... 430 Commercial deposits subject to check ................................................ Demand certificates of deposit. Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping ....................... 00 4,550 00 1,679 95 60 00 00 31,164 08 19,646 83 59,372 04 12,047 52 850 00 91 00 00 00 94 850 00 $149,800 42 T otal ............................................ $149,800 42 No. 446. THE STATE B A N K OF HESPERIA, H ESPERIA. Organized January II, 1910. A r c h ie M cCallu m , D i r e c t o r s .— W esley B . ; W i n t e r s , V ic e P r e s id e n ts B a y l e , A s s i s t a n t C a s h ie r . E arl A n derson , C a sh ier; R obt. A . E. Mills, O. A. Rowland, Wesley B. Winters, Duncan C. McCallum, Archie McCallum, Earl Anderson, Arthur C. Tompsett. Statement September 29, 1931. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg age s: Commercial ................................. Savings .......................................... Bonds and securities: Savings .................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................... T otal cash on hand: Commercial .................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate ......................... Customers’ bonds left with bank for safe keeping ....................... Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $77,338 51 30,668 15 9,439 57 61,703 35 58,800 00 9,398 96 7,438 54 10,000 00 Capital stock paid in ..... $20,000 00 Surplus fund ....................................... 20,000 00 Undivided profits, net ..... 3,590 80 Reserved for taxes, interest, depreciation, etc........ 3,000 00 Commercial deposits subject to check ...................................................... 55,306 04 Demand certificates of deposit. 4,568 00 Certified checks ............................. 50 Savings deposits (book account) 124,944 28 Savings certificates of deposit. 35,860 04 Bills payable ....................................... 14,500 00 Customers’ bonds left with bank for safe keeping ............................. 13,950 00 4,035 89 2,000 00 68 28 2,700 00 1,800 00 6,378 41 13,950 00 $295,719 66 T otal ............................................ $295,719 66 STATE BANKING D EPARTM EN T 138 No. 434. *THE HIG H LAND P A R K STATE BAN K , HIGHLAND PAR K . Organized January 30, 1909. Six Branches. C l a r e n c e H . B o o t h , C h a irm a n o f th e B o a r d . . F rank T M a u r ic e P r e s i d e n t : G e o r g e R . A n d r e w s , C h a irm a n E x e c u t i v e C o m m i t t e e , H e r be r t G W o o d H e r b e r t H. G a r d n e r . V i c e P r e s i d e n t s ; C h a r l e s I. N o r m a n V ic e P r e s id e n t and B o n d O ffic e r : W i l l i a m A. M a y b e r r y , L e o C. J a n i s s e , A s s i s t a n t V i c e P r e s i d e n t s , L l o y d J. T h o m p s o n , C a s h i e r ; G r i s w o l d A d a m s , J a m e s H . H e l l i w e l l , A s s i s t a n t C a s h i e r s , A lfred Zahrn, C o m p tr o lle r . D i r e c t o r s .— Wendell W . Anderson, George R. Andrews, George L. Bahl, C l a r e n c e H. Booth, Charles J. Butler, Victor F. Dewey, Robert W Hamilton, J. Frederick Hartz Robert H Lord, W illiam B. Lowe, Frank J. Maurice, Phelps Newberry, James L W alsh, Clarence L. Wilcox, Edward Andreae, George E. Gagnier, Addison E. Holton, Nels L. Olson, George B. Storer, J. Frazer Whitehead. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. $4,614,022 Real estate m ortgages : 418,382 Commercial .................................. Savings .......................................... 10,416,646 Bonds and securities : Commercial .................................. 3,805,110 Savings .......................................... 6,067,791 Due from Federal Reserve bank : 237,971 Savings .......................................... Due from banks in reserve cities : Commercial .................................. 1,417,077 Exchanges for clearing house: 17,435 Commercial ................................. T otal cash on hand : 207,560 Commercial ................................. 230,227 Savings .......................................... 252 Overdrafts ........................................ 1,169,838 Banking house ............................... 391,693 Furniture and fixtures ............... 239,399 Other real estate ........................... Due from banks other than in 63,186 reserve cities ............................... Outside checks and other cash 5,232 items .............................................. .. 90,000 Stock of Federal Reserve bank Accrued interest, receivable 296,524 (net) ....................................... Customers’ acceptances and let 9,200 ters of credit ............................... 15,318 Other assets .................................... Total 31 71 82 37 98 71 98 36 57 96 16 32 36 58 Capital stock paid in ................. $ 1 , 000,000 2,000 000 Surplus fund ................................... 278,300 Undivided profits, net ............... Reserved for taxes, interest, 606,827 depreciation, etc......................... Commercial deposits subject to 8,975,701 check ................................................ 20,095 Certified checks ........................... 171,779 Cashier’ s checks ........................... 337,501 Due to other banks and bankers Industrial Investment certifi16,176 Savings deposits (book account) 12,154,636 Savings certificates of deposit. 3,744,625 253,204 Club savings deposits ............... Customers’ acceptances and let 11,215 ters of credit ............................... Accrued interest and expense 142,808 payable (net) ............................. 00 00 96 63 54 87 84 06 63 64 45 39 00 00 72 03 00 '42 00 65 $29,712,873 01 Total $29,712,873 01 ♦March 27, 1931, The American State Bank, Highland Park, merged with the Highland Park State Bank. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE BANKS OF M ICHIGAN 139 HIGHLAND P A R K TRUST COMPANY, HIGHLAND PARK. Organized May 16, 1925. C l a r e n c e H. B o o t h , C h a ir m a n o f t h e B o a r d . F r a n k J. M a u r i c e , P r e s i d e n t ; G e o r g e R. A n d r e w s , C h a i r m a n o f t h e E x e c u t i v e C o m m i t t e e ; H e r b e r t H. G a r d n e r , E x e c u t i v e V i c e P r e s i d e n t ; C h a s . I. N o r m a n , V i c e P r e s i d e n t a n d B o n d O f f i c e r ; A l f r e d Z a h r n , S e c r e t a r y ; H e r b e r t G. W o o d , T r e a s u r e r ; L e o C. J a n i s s e , A s s i s t a n t T r e a s u r e r ; W m . A. M a y b e r r y , A s s i s t a n t S e c r e t a r y ; L l o y d J. T h o m p s o n , A s s i s t a n t S e c r e t a r y an d A s s i s t a n t T r e a s u r e r ; L . M . K e l l y , T r u s t O ffic e r ; L e o n a r d F B etts A ssista n t T r u st O ffic e r . D i r e c t o r s .— George R. Andrews, George L. Bahl, Clarence H. Booth. Charles J. Butler, Victor F. Dewey, Frank J. Maurice, J. Frazier Whitehead, Clarence W ilcox, Robert W Hamilton, J. Frederick Hartz, Wendell W . Anderson, W illiam B. Lowe, Herbert H Gardner’ Robert O. Lord, Phelps Newberry, Edward Andreae, Addison E. Holton, Nels L. Olson, George B. Storer, Geo. E. Gaginer. Statement September 29, 1931. Statement September 29, 1931. Resources. Collateral lo a n s: Tim e ................................................ $596,371 Demand .......................................... 40,707 58,073 Land contracts receivable.......... Loans on real estate m ortg age s: In office .......................................... 494,462 B o n d s: In office .......................................... 422,369 206,011 W ith state treasurer ............... Due from approved reserve de positaries ...................................... 191,894 Cash .................................................... 812 Outside checks and cash items F irst m ortgage b o n d : Trust fund .................................... 2,391,653 Redemption fund ....................... 77,410 111,644 Advances to trusts ....................... Other real estate ........................... 61,252 Furniture and fixtures ............... 5,907 Accrued interest receivable___ 97,236 Liabilities. 12 58 36 31 44 96 32 38 3500 00 00 74 66 65 73 00 76 17 18 68 48 90 46 54 T otal ............................................ $4,755,842 71 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid in ................... $500,000 Surplus fund ................................. 250,000 Undivided profits (less expenses, interest and taxes p a id )........ 78,156 Reserve for taxes, etc................... 18,573 361,100 Trust deposits ............................... Escrow deposits ........................... 2,518 F irst m ortgage bonds payable 2,438,500 Accrued interest ........................... 78,919 Certificates of d eposit................. 1,028,073 Total $4,755,842 71 STATE BANKING D EPAR TM E N T 140 No. 657. PEOPLES W A Y N E COUNTY BA N K , HIGHLAND PAR K . Organized October 1, 1920. Three Branches. H arold B. H e n r y A . H a i g h , C h a irm a n o f t h e B o a rd . W a r d , P r e s i d e n t ; E . J. E c k e r t , V i c e P r e s i d e n t ; R . W . L a d e n d o r f , P e c k , C . L . T u c k e r , E . L . C h a p i n , A s s is t a n t C a sh iers. C a sh ier; C. E. D i r e c t o r s .— McPherson Browning, H. L. Chittenden, Edwin J. Eckert, R. P. Fraser, John A. Fry, Henry A. Haigh, E. J. Hickey, James S. Holden, R. A. Jacobs, E O. Krentler, Robert B. Locke, Herbert W . Mason, Arnott H . Moody, W m . J. Nesbitt, Julius C. Peter, John C. Shields, Harold B. W ard, Mark A. W ilson. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. $361,803 72 Savings .......................................... 700,464 38 Real estate m ortgages : Commercial ................................. 23,284 58 Savings .......................................... 1,473,507 36 Bonds and securities : Commercial ................................. 830,279 00 Savings .......................................... 652,898 71 Due from banks in reserve cities : Commercial ................................. 387,242 51 U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... 400,000 00 Exchanges for clearing house : Commercial ................................. 39,983 49 Total cash on hand : Commercial ................................. 39,599 28 Savings .......................................... 20,000 00 Overdrafts ........................................ 192 23 Banking house ............................... 209,607 53 Other real estate ........................... 11,250 00 Due from banks other than in reserve cities ............................... 2,058 50 Outside checks and other cash items ................................................ 242 73 Accrued interest, receivable (net) ................................................ 49,184 07 T otal ........................... ................ $5,201,598 09 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................... Surplus fund .................................... Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ............ Due to other banks and bankers State moneys on d eposit............ Savings deposits (book account) Savings certificates of deposit. Club savings deposits ................. Total $300,000 00 200,000 00 78,294 79 94,452 00 1,714,290 25 5,485 24 35,141 82 2,486 39 1,419 78 2,521,340 75 212,911 07 35,776 00 ............................................ $5,201,598 09 STATE BANKS OF M ICHIGAN 141 No. 260. FIRST STATE SAVINGS BA N K , HILLSDALE. Organized February 10, 1902. F. A. R o e t h l i s b e r g e r , P r e s i d e n t ; F. A. R o e t h l i s b e r g e r , J r ., G uy M. C h e s t e r , V i c e P r e s i d en ts; R alph D i r e c t o r s .— L . O w e n , C a sh ier; H ugh F. F rench , A ssista n t C a s h ie r . F. A. Roethlisberger, Edward Frensdorf, Guy M. Chester, F. A. Roethlisberger, Jr., E. A. Ruckman, Fred E. Perry, R. L. Owen. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................. Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... Exchanges for clearing house : Commercial ................................. Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ......................... Outside checks and other cash items ................................................ $507,160 21 1,650 00 204,858 75 107,378 40 340,015 62 185,291 85 20,000 00 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks ........................... Savings deposits (book account) Customers’ bonds left with bank for safe keeping ......................... $65,000 00 35,000 00 17,614 37 24,893 90 380,544 460,265 1,641 520,034 11 65 62 85 13,450 30 43,000 00 1,075 63 22,359 7,000 17 43,000 7,000 11,767 00 00 66 00 00 67 13,450 30 3,419 71 T otal ............................................ $1,518,444 80 T otal ............................................ $1,518,444 80 No. 78. H ILLSDALE SAVINGS BANK , H ILLSDALE. Organized July 30, 1884. O. J. C o r n e l l , P r e s i d e n t ; E d w in M D i r e c t o r s .— R o b in s , V ic e a r s h , A ssista n t P r e s id e n t; C a sh ier. F. M. Co o k, C a sh ier; M. B. Lucien D. W alworth, O. J. Cornell, F. M. Cook, Edwin Robins, R. S. Peterson. Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Exchanges for clearing house : Commercial ................................. Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ................................ Furniture and fixtures ............... Other real estate ........................... Outside checks and other cash items ................................................ Stock of Federal Reserve bank T otal Liabilities. $376,961 89 212,715 12 4,150 00 378,314 20 172,171 35 578,544 95 83,176 14 $100,000 00 37,000 00 8,480 68 5,927 00 433,514 16 182,373 52 711,935 28 604,128 42 161,547 70 53,313 29 1,395 29 13,264 10,000 488 5,500 1,000 23,335 96 00 76 00 00 76 3,429 65 4,050 00 ............................................ $2,083,359 06 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................... Surplus fund .................................... Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Savings deposits (book account) Savings certificates of deposit. *■- T otal ............................................ $2,083,359 06 STATE BANKING DEPARTM EN T 142 No. 56. THE FIRST STATE BA N K OF HOLLAND. Organized October 14, 1889. . D. E dw D i r e c t o r s .— D im n e n Tj P r e s id e n t ; W ynand W ic h e r s , V ic e P r e s id e n t ; C o r n e l iu s V ander C a s h i e r ; W m . J. W e s t v e e r , A l b e r t A . N i e n h u i s , A s s i s t a n t C a s h i e r s . Henry Pelgrim, Wynand Wichers, Edw. D. Dimnent, Daniel Ten Cate, Albert H . Meyer, R. D. Matheson, Stuart Knappen, G. J. Bosch, Thos. H . Marsilje, A. W . Wrieden. M eulen, Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. $663,801 53 Savings .......................................... 703,649 83 Real estate m ortg age s: Commercial ................................. 57,238 00 Savings .......................................... 1,198,521 93 Bonds and securities: Commercial ................................. 3,380 20 Savings .......................................... 547,787 10 Due from Federal Reserve bank : Commercial ................................. 72,676 24 Savings .......................................... 76,972 25 Due from banks in reserve cities : Commercial ................................. 121,094 55 Savings .......................................... 56,455 02 Exchanges for clearing h ou se: Savings .......................................... 21,475 07 Total cash on h a n d : Commercial ................................. 23,926 05 Savings .......................................... 26,541 81 Overdrafts ........................................ 255 04 Banking house ............................... 25,000 00 Furniture and fixtures ............... 1 00 Other real estate ........................... 5,045 06 Customers’ bonds left with bank for safe keeping ....................... 44,250 00 Outside checks and other cash items ................................................ 1,316 42 Stock of Federal Reserve bank 9,000 00 Other assets .................................... 1,750 00 Trust department: Cash .................................................. 2,468 08 Securities ...................................... 44,000 00 Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $3,706 605 18 Capital stock paid in ................. Surplus fund ................................. Reserved for taxes, interest, depreciation, etc. ..................... Commercial deposits subject to check .................'.............................. Demand certificates of deposit. Certified checks ............................. Cashier’s checks ........................... Savings deposits (book account) Customers’ bonds left with bank for safe keeping ....................... Trust departm ent: Trust deposits— Totals .......... Total $200,000 00 100.000 00 29,389 45 575,541 322,335 606 25,104 2,362,909 95 60 54 43 13 44,250 00 46,468 08 $3,706 605 18 143 STATE BANKS OF M ICHIGAN No. 91. THE HOLLAND CITY STATE BANK, HOLLAND. Organized January 16, 1890. Otto P. D P r e s i d e n t ; D. B. K. V a n R a a l t ic , V i c e P r e s i d e n t ; H e n r y A. G e e r d s , C a s h i e r ; C. V a n D y k e , A. C. J o l d e r s m a , A s s i s t a n t C a s h i e r s . C. H . McBride, Otto P. Kramer, Frank Dyke, A. H . Landwehr, B. P. Donnelly, John Kollen, James A. Brouwer, Dick Boter, D. B. K . Van Raalte, Chas. Kirchen. K eam ee, i r e c t o r s .— Resources. ' Loans and discounts: Commercial ................................. $484,484 42 Savings .......................................... 398,484 21 Real estate m ortgages : Commercial ................................. 57,330 00 Savings .......................................... 1,067,863 88 Bonds and securities : Commercial ................................. 376,521 05 Savings .......................................... 347,547 05 Due from Federal Reserve bank : Commercial ................................. 132,501 50 Savings .......................................... 60,000 00 Due from banks in reserve cities : Commercial ................................. 82,483 23 Savings .......................................... 30,000 00 Exchanges for clearing house : Commercial ................................. 4,293 72 T otal cash on hand : Commercial ................................. 32,346 81 Savings .......................................... 19,016 08 Overdrafts ........................................ 465 17 Banking house ............................. 49,000 00 Furniture and fixtures ............. 15,195 17 Other real estate ......................... 22,326 57 Customers’ bonds left with bank 33,800 00 for safe keeping ....................... Outside checks and other cash items ................................................ 206 49 Stock of Federal Reserve bank 9,000 00 T otal ............................................ $3,222,865 35 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ............................... Cashier’s checks ........................... U. S. Government d eposits........ Savings deposits (book account) Club savings deposits ............... Customers’ bonds left with bank for safe keeping ....................... $200,000 100,000 98,554 286 00 00 72 87 35,000 00 495,152 308,332 59 4,267 24,500 1,892,392 30,518 93 30 68 83 00 58 64 33,800 00 T otal ........ ................................... $3,222,865 35 STATE BANKING D EPAR TM E N T 144 No. 322. *THE PEOPLES STATE BAN K , HOLLAND. Organized January 24, 1905. B D D. K e p p e l , P r e s i d e n t ; P r e s id e n t an d C a s h ie r ; A a s t ia n J o h n G. R u t g e r s . Free P r e s i d e n t ; H e n r y W i n t e r , V a n Z a n t e n , B e n j . B r o w e r , A s s is t a n t C a sh iers. V ic e lex Bastian D. Keppel, E. G. Landwehr, John G. Rutgers, Henry W inter, A . Keppel, Prank Bolhuis, E. C. Brooks, Jay H. Den Herder, E. P. McLean. i r e c t o r s .— C. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept,only .................... Exchanges for clearing house : Commercial ................................. Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Customers’ bonds left with bank for safe keeping ....................... Other asse ts..................................... Total $711,160 72 594,735 14 78,310 82 604,744 88 73,827 50 263,706 78 25,836 44 132,468 15 21,550 00 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $150,000 00 150,000 00 18,102 56 6 00 2,500 00 618,533 201,972 423 5,575 1,560,756 90,000 77 85 87 16 23 00 3,100 00 3,947 22 16,431 50,000 59 150,000 37,845 32,810 17 00 40 00 62 37 3,100 00 436 23 ............................................ $2,800,970 44 Closed January 9, 1932. Capital stock paid in .............. Surplus fund ................................. Undivided profits, net ............... Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Demand certificatesof deposit. Certified checks ........................... Cashier’s checks ........................... Savings deposits (book account) Bills payable ................................... Customers’ bonds left with bank for safe keeping .................. T otal ............................................ $2,800,970 44 145 STATE BANKS OF MICHIGAN No. 106. THE FIRST STATE AND SAVINGS BANK , HOLLY. Organized October 11, 1890. C harles D A. W il s o n , P r e sid e n t; D. B. L y o n s , V i c e P r e s i d e n t and C a sh ier; F. S. S t i l e s , Charles A. W ilson, Floyd S. Stiles, D. B. Lyons, F. W . W alls, Albert Steinbaugh, W m . G. Wheeler, J. Lee Montgomery. i r e c t o r s .— Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial .................................... Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Exchanges for clearing house: Commercial ................................. Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................. Furniture and fixtures ............... Other real estate ......................... Due from banks other than in reserve cities ............................... Customers’ bonds left with bank for safe keeping ....................... Outside checks and other cash items ................................................ Stock of Federal Reserve bank T otal $165,003 65 20,830 73 14,075 16 871,355 29 193,095 50 174,333 73 15,570 92 35,000 00 9,368 28 32,653 60 4,795 25,754 48 45,640 23,999 40,906 Capital stock paid in ................... Surplus fund ............................. Undivided profits, net ............. Reserved for taxes, interest, depreciation, etc. Commercial deposits subject to check ................................................ Savings deposits (book account) Savings certificates of deposit. Notes and bills rediscounted.. Bonds sold subject to repur chase ................................................ Customers’ bonds left with bank for safe keeping........................... Other liabilities (premium ac count) .............................................. $100,000 00 50,000 00 87,425 98 15,517 50 174,243 33 989,630 33 137,644 18 48,782 91 75,000 00 6,299 04 401 97 95 76 33 00 37 64 1,150 88 6 ,0 0 0 00 862 45 4,500 00 ............................................ $1,684,945 24 T otal ............................................ $1,684,945 24 No. 695. HOLT STATE BAN K , HOLT. Organized January 24, 1922. H D erbert E. G u n n , P r e s i d e n t ; C h a s . E. T o m s , V i c e P r e s i d e n t ; H . C h a p p e l l ,, C a s h ie r . Herbert E. Gunn, Chas. E. Toms, Charles V. Keller, E. J. Himelberger, W alter S. Foster, W m . R. Town, A. E. W alter, C. W . McGill. i r e c t o r s .— Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................... Exchanges for clearing house : Commercial ................................. T otal cash on hand: Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................. Furniture and fixtures ............... $44,671 26 15,791 00 8,575 21 37,217 79 10,000 00 29,691 72 $20,000 10,000 2,714 25 69,306 194 40 48,704 14,765 3,279 00 00 02 00 27 45 00 85 33 71 7,050 00 23 06 859 4,000 63 8,569 2,460 22 00 19 08 21 Outside checks and other cash items .................................. 57 89 T otal ............................................ $169,029 63 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid in ................. Surplus fund ................................. Undivided profits, net .... Dividends unpaid ......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks ............................. Savings deposits (book account) Savings certificates of deposit Club savings deposits ..... T otal ............................................ $169,029 63 146 STATE BANKING D EPARTM EN T No. 432. THE HOLTON STATE BA N K , HOLTON. Organized June 10, 1909. B. F. D B lack, P r e s id e n t; i r e c t o r s .— Jo seph M a r t in , S. P. M C a sh ier. urphy, V ic e P r e s id e n ts ; John E. Nash , B. F. Black, S. P. Murphy, Joseph Martin, Bertha Skeels, John E. Nash. Statement September 29, 1931. Resources. Liabilities. T otal ............................................ Capital stock paid in Surplus fund ................................. Undivided profits, net Commercial deposits subject to check ................................................... Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping ....................... . $28,705 23 9,546 20 4,950 00 50,135 00 200 00 . Loans and discounts: Commercial ................................. Sayings ........................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial .................................. Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only .................... Total cash on hand : Commercial ................................. Savings ..................................; . . . Banking house .......................... Furniture and fixtures ............ Customers’ bonds left with bank for safe keeping ....................... $20,000 00 5,750 00 1,052 06 26,699 46 45,990 95 22,256 79 1 ,0 0 0 00 10,711 03 4,800 00 400 00 1,935 3,366 4,000 3,000 26 54 00 00 1 ,0 0 0 00 $122,749 26 T otal ............................................ $122,749 26 No. 751. STATE B A N K OF HOME ACRES, HOME ACRES, (GRAND RAPIDS P. O.) Organized December 19, 1927. G eo. D A. S i n c l a i r , P r e s i d e n t ; J. L. M i l l e r , V i c e P r e s i d e n t ; H e n r y S i m e r i n k ., C a s h ie r . Geo. A. Sinclair, J. L. Miller, Henry Simerink, Morris R. E’h le, Arthur R. Sherk. i r e c t o r s .— Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial .................................. Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial .................................. Savings .......................................... T otal cash on hand: Commercial .................................. Savings .......................................... Furniture and fixtures ............... Other real estate ......................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $30,061 36 18,666 00 9,000 00 35,100 00 30,498 92 4,268 85 53 3,000 6,463 1,431 Capital stock paid i n ................... Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc. ..................... Commercial deposits subject to check ................................................ Savings deposits (book account) Savings certificates of deposit. Club savings deposits ............... $25,000 00 2,034 08 T otal ............................................ $138,543 94 2,911 61 52,880 45,695 7,745 2,276 88 78 59 00 19 00 85 77 $138,543 94 147 STATE BANKS OF MICHIGAN No. 255. CALHOUN STATE BANK, HOMER. Organized January 20, 1902. C . R . C h u r c h , P r e s i d e n t ; J. C . S n y d e r , V i c e P r e s i d e n t ; F o r d B . J a r v i s , V i c e P r e s i d e n t a n d C a s h i e r ; H . A . S n y d e r , P a u l H . S i n c l a i r , B r a c e H . L y o n , A s s i s t a n t C a s h i e r s ; E’ l o r e n d a E . W i l l i a m s , A u d ito r . D i r e c t o r s .— C. K. Church, E. F. Campbell, J. C. Snyder, W . R. Reynolds, C. H . Leedle, W m . McLennan, Ford B. Jarvis, J. F. Berkheimer, Harley G. Mickle, G. C. Ballentine. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m o rtg ages: Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................. Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................. Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... T otal ............................................ $302,200 58 73,000 00 2,800 00 146,713 76 1,000 00 62,000 00 22,106 65 Capital stock paid i n . $60,000 00 17,800 00 Surplus fund ................................. Undivided profits, net ..... 5,630 72 Commercial deposits subject to check ................................................ 121,754 29 Demand certificates of deposit. 127,074 88 Cashier’s checks ........................... 1,820 97 Savings deposits (book account) 334,118 74 Bills payable ................................. 15,000 00 Customers’ bonds left with bank 22,500 00 for safe keeping ....................... 50,300 00 8,268 2,104 540 7,200 3,265 1,700 00 98 63 00 00 00 22,500 00 $705,699 60 T otal ............................................ $705,699 60 No. 597. HONOR STATE BANK, HONOR. Organized June 9', 1917. G eorge D C. P. G r i f f i t h s , F. G. P e c k , V i c e P r e s i d e n t s ; L e o H. i t h , A s s is ta n t C a s h ie r ; E . A . V o ic e , A u d ito r . _ Geo. C. Wilce, W m . P. Griffiths, F. G. Peck, Leo H. Stacey, E. A. Voice, B. G. Bennett. W il c e , P r e s id e n t; W m . St a c e y , C a s h i e r ; J o h n S m ir e c t o r s . — Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................. Savings .......................................... Real estate m o rtg ages: Commercial .................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................... T otal cash on h a n d : Commercial . . . . , ....................... Savings .......................................... Overdrafts ........................................ Expenses, interest and taxes paid exceeding earn ings........... Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Customers’ bonds left with bank for safe keeping ....................... Outside checks and other cash items ................................................ Customers’ acceptances and let ters of credit................................. Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $36,799 06 18,692 70 1,009 96 20,510 24 4,000 00 15,000 00 9,000 04 Capital stock paid i n . $20,000 Surplus fund .................................... Commercial deposits subject to check ................................................ Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit. Club savings deposits ...... Customers’ bonds left with bank for safe keeping ....................... Customers’ acceptances and let ters of credit ............................... 00 6,100 00 42,275 19 517 91 44,354 73 10,323 08 2,183 50 26,500 00 980 00 9,250 00 1,449 22 1,000 00 145 76 78 3,300 2,200 3,142 94 00 00 37 26,500 00 176 10 980 00 $153,234 39 Total $153,234 39 148 STATE BANKING D EPAR TM E N T No. 353. THE HOPKINS STATE SAVIN G S BAN K , HOPKINS. Organized September 20, 1906. R. C. F u r b e r , P r e s i d e n t ; M. E. P a r m e l e e , S. L. K id d e r , V ic e P r e s id e n t s ; A nna B. W alter, C a sh ier. D i r e c t o r s .— R. C. Furber, Anna B. W alter, M. E. Parmelee, A. C. Frue, S. L. Kidder. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg a g e s: Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept,only ...................... Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................ Furniture and fixtures ............... Other real estate ......................... T otal ............................................ $47,167 86 27,404 93 84,155 34 91,350 00 106,600 00 21,132 34 21,683 63 Capital stock paid i n ................. Surplus fund ................................. Undivided profits, net ............... Commercial deposits subject to check ................................................ Cashier’s checks ........................... Time commercial certificates of deposit .......................................... Savings deposits (book account) Savings certificates of deposit. $25,000 00 8,000 00 4,317 15 50,825 51 1,117 09 103,520 12 223,003 96 29,207 74 12,600 00 620 84 8,000 00 1 36 12,287 45 6,249 52 5,738 30 $444,991 57 T otal ............................................ $444,991 57 No. 643. O ’DONALD STATE BANK, HOWARD CITY. Organized February 10, 1920. W D il l ia m F. T u r n e r , P r e s i d e n t ; i r e c t o r s .— S id n e y R eyn o lds, C a s h ie r . V ic e P r e sid e n t; C hester L. C r i m m in s , Sidney Reynolds, W illiam F. Turner, Chester L. Crimmins, Catherine Crimmins, R. S. Jennings. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Real estate m ortg a g e s: Savings .......................................... Bonds and securities: Commercial ................................... Savings .......................................... Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... T otal cash on hand: Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............. Other real estate ........................... Customers’ bonds left with bank for safe keeping ....................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $111,329 79 74,421 61 63,211 06 64,828 40 22,824 29 19,700 00 4,974 2 3,500 2,000 19,134 Capital stock paid in ................... Surplus fund .................................... Undivided profits, net ............... Commercial deposits subject to check ................................................ Demand certificates of deposit. State moneys on dep osit.......... Savings deposits (book account) Bills payable .................................... Customers’ bonds left with bank for safe keeping ....................... $25,000 06 12,500 00 5,317 91 56,366 146,668 5,000 130,072 5,000 68 84 00 86 00 5,750 00 30 54 00 00 30 5,750 00 $391,676 29 Total ............................................ $391,676 29 149 STATE BANKS OF M ICHIGAN No. 109. THE FIRST STATE AND SAYINGS BA N K , HOWELL. Organized November 26, 1890. W. D E . R obb ir e c t o r s — P r e s id e n t ; G e o . B a r n e s , V ic e P r e s id e n t ; A . L . S m G . W . E l l i o t t , A s s i s t a n t C a s h ie r . it h ., C a s h i e r ; B. L. H ig h t , Geo. Barnes, A . L . Smith, W . E. Robb, D . W . Van Winkle, Harry L . W illiam s, John Ryan, H. R. Gillette, W . E. Beach, B. S. Pate. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................. Furniture and fixtures ............... Other real estate ......................... Stock of Federal Reserve bank Total ............................................ $66,555 34 77,795 20 184,170 75 86,708 94 205,772 12 21,937 10 17,560 79 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Certified checks ............................. State moneys on deposit .......... Savings deposits (book account) Savings certificates of deposit. Club savings deposits ................. $75,000 00 40,000 00 7,949 71 Total ............................................ $873,166 91 2 ,0 0 0 00 186,737 40 13,500 242,811 299,658 5,469 17 09 00 91 88 15 32,883 44 55,808 97 20,037 31,022 95 46,000 19,000 4,419 3,400 29 33 58 00 00 06 00 $873,166 91 No. 559. M cP h e r s o n s t a t e b a n k , h o w Organized February 24, 1915. ell. M. J. M c P h e r s o n , P r e s i d e n t ; R. B. M c P h e r s o n , W m . M c P h e r s o n , III, E r i c R e i n e r , C a s h i e r ; R. H. L a r s o n , A s s i s t a n t C a s h i e r . D i r e c t o r s .— M. J. McPherson, R. B. McPherson, W m . McPherson, III, Smith, W m . McPherson Browning, Robt. H . McPherson. V ic e Wm. P r e s id e n ts ; McPherson Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg a g e s: Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ....................... Exchanges for clearing h o u se: Commercial ................................. T otal cash on hand: Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Outside checks and other cash items ............................... ................ Other assets .................................... Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $611,463 78 297,317 59 192,620 32 506,600 00 68,077 66 225,333 15 Capital stock paid i n . $150,000 00 Surplus fund .................................... 65,500 00 Undivided profits, net ..... 20,444 49 Dividends unpaid ....................... 60 00 Reserved for taxes, interest, depreciation, etc........ 45,500 00 Commercial deposits subject to check ................................................ 650,567 56 Demand certificates of deposit. 2,143 84 Certified checks ............................. 104 58 Savings deposits (book account) 478,092 39 Savings certificates of deposit. 855,470 21 217,050 00 4,502 83 27,718 30,000 12,297 42,973 15,586 15,401 56 00 66 57 75 59 920 77 18 84 $2,267,883 07 Total $2,267,883 07 150 STATE BANKING D EPAR TM E N T No. 593. HUDSON STATE SAVINGS BAN K , HUDSON. Organized March 20, 1917. J- F W. F D is h e r o s t e r , P r e s i d e n t ; W m . D e r b y s h i r e , A l b e r t V. F o s t e r , V i c e P r e s i d e n t s ; V a l . , C a s h i e r ; L a w r e n c e J. F o s t e r , A s s i s t a n t C a s h i e r ; E r n e s t R. H u g h e s A u d i t o r i r e c t o r s .— Byron J. Foster, Albert V. Foster, Val. W . Fisher, W m . Derbyshire, Lawrence .T. Foster, H . C. Rorick. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... ü. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................... Exchanges for clearing house : Commercial ...............7 ............... Total cash on hand: Commercial ................................. Savings .......................................... Overdrafts ...............•........................ Banking house ............................... Furniture and fixtures ............... Other real estate ......................... Customers’ bonds left with bank for safe keeping ....................... Total $195,292 46 86,138 61 8,721 41 284,421 49 139,340 41 53,182 42 156,317 94 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping ....................... $100,000 00 26,000 00 6,140 03 14,965 94 178,497 11 198,246 501,509 46 18 03 55 15,550 00 950 00 335 88 6,715 30,000 840 43,433 16,879 2,801 19 00 49 29 41 19 15,550 00 $1,040,920 19 Total $1,040,920 19 No. 143. THOMPSON SAVINGS BAN K , HUDSON. Organized October 14, 1892. W . R . T h o m p s o n , P r e s i d e n t ; L . P . B e a l , V i c e P r e s i d e n t ; E. J . S c o v i l e , C a s h i e r ; E. C . R i c k _ _ _ ENBAUGH, A s s i s t a n t C a s h ie r . D i r e c t o r s .— F. S. Vedder, B. D. Chandler, W . R. Thompson, C. G. Beadenkopf, E J Scovili L. P. Beal. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ........................... Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ......................... Furniture and fixtures .............! Other real estate ......................... Due from banks other than in reserve cities ............................. Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $285,646 28 345,151 60 27,422 00 353,495 67 57,561 00 72,248 89 166,169 87 Capital stock paid in ............... Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit. $100,000 00 50,000 00 53,986 00 3,801 06 246,104 24 1,107 28 77 52 231,662 95 743,245 69 10,000 00 44,064 859 46,431 1,593 10,873 20 53 94 99 47 8,466 30 $1,429,984 74 Total $1,429,984 74 151 STATE BANKS OF M ICHIGAN No. 492. THE HUDSONVILLE STATE BAN K , HUDSONVILLE. Organized June 12, 1911. W D il l ia m C ir e c t o r s — B oldt, P r e s id e n t ; T h o m a s H u g h e s , V ic e P r e s id e n t; F eed F . C a s h i e r ; H e n r y P. S t e g e m a n , A s s i s t a n t C a s h ie r . C . Boldt, Thomas Hughes, Fred F. McEachron, Onn W illiam M cE a c h r o n , Edson, Nick Rynbrandt. Statement September 29, 1931. Liabilities. $89,301 CO Resources. Loans and discounts: Commercial ................................. Real estate m ortgages: Savings .......................................... Bonds and securities: Commercial ................................. Savings ....................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................. T otal cash on hand: Commercial ................................. Savings .................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Other real estate ......................... 180,220 23 73,669 50 84,597 50 33,683 91 6,744 00 $20,000 00 10,000 00 9,205 22 8,000 00 74,782 77 84,738 33 10,000 00 239,889 37 29,256 85 25,000 00 24,900 00 4,000 2,901 51 4,600 2,600 3,603 00 18 88 00 00 00 $510,872 54 Total Capital stock paid in ................. Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc........... ............ .. Commercial deposits subject to check .......................................... Demand certificates of deposit. State moneys on deposit ........ Savings deposits (book account) Savings certificates of deposit. Bills payable ................................. $510,872 54 Total No. 24. THE LAPE ER COUNTY BANK , IM L A Y CITY. Organized January 26, 1886. John B orland ’ D ir e c t o r s — J r , P r e s i d e n t ; M u r r a y W a l k e r , V ic e P r e s i d e n t ; W i l l B o r l a n d , I r v in e B o r l a n d , H o w a r d H . C h u r c h i l l , A s s is t a n t C a sh iers. C a sh ier; John Borland, Jr., Murray Walker, W ill Borland, Irvine Borland, Scott E. Lamb, Allison Walker. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortg age s: Savings .......................................... Bonds and securities: Savings .......................................... Due from Federal Reserve b a n k : Commercial ................................. Savings .......................................... Due from banks in reserve cities; Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................... T otal cash on hand: Commercial ................................. Savings .......................................... Overdrafts .......................................... Banking house ............................... Furniture and fixtures ............... Other real estate ............................ Customers’ bonds left with bank for safe keeping ....................... Outside checks and other cash items ................................................ Stock of Federal Reserve bank T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $110,108 30 80,518 06 454,759 14 186,972 32 6,177 65 25,000 00 27,545 71 Capital stock paid in ................. Surplus fund .................................... Undivided profits, net ............... Commercial deposits subject to check ................................................ Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit. B ills payable ................................. Customers’ bonds left with bank for safe keeping ....................... Other liabilities ............................. $50,000 00 16,550 00 8,383 93 83,010 3,163 722,006 87,423 5,000 51 22 05 47 00 7,700 00 5,250 00 22,775 00 4,000 9,059 143 5,800 1.700 43,792 00 43 48 00 00 74 7.700 00 485 35 1,950 00 $988,487 18 T otal $988,487 18 152 STATE BANKING DEPARTMENT No. 517. THE PEOPLES STATE BANK, IM L A Y CITY. Organized August 29, 1912. E. H arry P alm er, D i r e c t o r s .— P r e s i d e n t ; D a v i d J. M a r s h a l l , V i c e C a s h ie r j C a r r ie B o w e n , A s s is t a n t P r e s id e n t; C a s h ie r . E. G W il l o u g h b y ’ Harry E. Palmer, A. D. Conley, Earl I. Heenan, Chas. Kempf, David J. Marshall Fred Linekar, Bernice Heenan. Statement September 29, 1931. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m o rtg a g e s: Commercial ................................. Savings .......................................... Bonds and securities: Savings ............ Due from Federal Reserve b a n k : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Savings .............. U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, only ................... Total cash on hand: Commercial .................................. Savings .......................................... Overdrafts ........................................ Furniture and fixtures ............. Other real estate ........................... Due from banks other than in reserve cities ............................. Customers’ bonds left with bank for safe keeping ....................... Stock of Federal Reserve bank T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $106,299 08 34,780 36 40,573 19 231,720 64 141,434 00 4,000 00 11 i 784 70 4,429 81 2,350 00 1,000 9,973 635 1,780 25,358 Capital stock paid in ...... Surplus fund ................................. 2,776 Undivided profits, n e t. Reserved for taxes, interest, depreciation, etc...... 17,548 Commercial deposits subject to „ check ................................................ Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit. Notes and bills rediscounted.. Bills payable ................................... Customers’ bonds left with bank for safe keeping ....................... Other liabilities ............................. $50,000 00 13,500 00 71 52 53,061 61 1,146 26 378^734 36 43,365 20 24,988 81 30,000 00 5 ,3 0 0 00 3,860 00 00 78 04 60 32 911 95 5 ,3 0 0 00 1,950 00 $624,281 47 T otal ............................................ $624,281 47 153 STATE BANKS O F M ICHIGAN No. 135. THE COMMERCIAL B A N K OF IRON MOUNTAIN. Organized February 1, 1892. O . C . D a v i d s o n , P r e s i d e n t ; W i l l i a m K e l l y , E. G. K i n g s f o r d , V i c e P r e s i d e n t s ; W i l b u r W . T h o m p s o n , C a s h i e r ; F. O . M o r e t t , E. F. S a n d e r c o c k , A s s i s t a n t C a s h i e r s ; W a r n e r B j o r k , A u d ito r. D i r e c t o r s .— O. C. Davidson, W illiam Kelly, W ilbur W . Thompson, Raymond Turner, E. G. Kingsford, M. J. Bacco, H . G. Neuens, F. C. Cole, M. J. Fox. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Exchanges for clearing house : Commercial ................................. Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............. Other real estate ......................... Due from banks other than in reserve cities ............................. Customers’ bonds left with bank fo r safe keeping ....................... Outside checks and other cash items ................................................ Stock of Federal Reserve bank Other assets .................................... $688,910 10 441,294 51 260,018 33 117,235 00 504,103 55 46,267 90 33,000 00 72,468 45 4,100 08 10,149 32,000 590 100,000 51,201 40,091 76 00 46 00 25 58 $100,000 00 100,000 00 12,907 21 84,363 59 766,319 2,843 7,240 10,499 318 9,179 68 04 27 03 93 38 35,564 54 1,295,289 04 29,000 00 16,400 65 29,000 00 524 74 6,000 00 168 35 T otal ............................................ $2,453,524 71 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................. Surplus fund ................................. Undivided profits, net ............... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers State moneys on deposit ........... U. S. Government deposits........ Time commercial certificates of deposits .......................................... Savings deposits (book account) Customers’ bonds left with bank for safe keeping ....................... T otal ............................................ $2,453,524 71 STATE BANKING D EPARTM EN T 154 No. 501. THE M INERS STATE BA N K , IRON RIVER. Organized April 23, 1912. H. H. F r a i l i n g , P r e s i d e n t ; H e r m a n H and D i r e c t o r s .— D. C a sh ier; o lm es, Clarence A. V i c e P r e s i d e n t ; P. E. C r o u c h , V i c e N e l s o n , A s s i s t a n t C a s h ie r . P r e s id e n t H. Campbell, Herman Holmes, W . E . Culver, H . H. Frailing, Geo. M . Cannon, Joe Selin, Fayette Brown. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ............................. Savings .......................................... Real estate m ortgages : Commercial ............................. Savings .......................................... Bonds and securities : Commercial ............................. Savings .......................................... Due from banks in reserve cities : Commercial ............................. U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept,only ...................... Exchanges for clearing house : Commercial ............................. Total cash on hand : Commercial ............................ Overdrafts ........................................ Banking house ............................ Furniture and fixtures ................ Other real estate ........................... Accrued interest, receivable (net) ................................................ Other assets .................................... T otal ............................................ $176,433 70 69,296 94 9,193 91 89,797 39 79,450 00 213,964 85 26,641 26 5,000 00 Capital stock paid in ................. Surplus fund ................................. Undivided profits, net ............... Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Certified checks............................... Cashier’ s checks ........................... Savings deposits (book account) Savings certificates of deposit. Club savings deposits ................. Bills payable ................................. $50,000 25,000 7,747 250 00 00 80 00 3,413 76 195,736 3,251 4,092 329,069 10,315 4,054 85,000 49 00 10 21 26 90 00 841 51 10,850 234 19,109 6,570 10,428 96 02 00 00 60 108 05 10 33 $717,930 52 T otal ............................................ $717,930 52 No. 12. THE PEN IN SU LA BAN K , ISHPEMING. Organized October 27, 1887. J o h n K a n d e l i n , P r e s i d e n t ; W . S. P i c o t t e , V i c e P r e s i d e n t ; P e t e r H a n d b e r g , C a s h i e r ; R o y S t a n s b u r y ^ J o h n J a a k s i , J. E. L e r e g g e n , A s s i s t a n t C a s h i e r s ; W i l l i a m T r e b il c o c k , A u d ito r . D i r e c t o r s .— Otto Eger, Thos. W . Hughes, John Ivandelin, W . T. Potter, W m . Trebilcock, Ed. J. Butler, W . S. Picotte, Chas. Simons, Harry S. Peterson. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, only ................. Exchanges for clearing house: Commercial ................................. Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Due from banks other than in reserve cities ............................... Outside checks and other cash items ................................................ Total Liabilities. $399,212 50 530,487 97 179,549 24 270,941 88 599,881 10 59,294 90 79,487 80 $100,000 200,000 50,470 3,840 00 00 39 00 32,800 00 377,701 167 1,461,571 5l0 30,000 18 50 08 00 00 60,000 00 2,760 07 7,666 25,000 19 25,000 90 00 70 00 8,549 89 9,208 20 ............................................ $2,257,060 15 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................... Surplus fund ................................. Undivided profits, net ............... Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc ..................... Commercial deposits subject to check ................................................ Certified checks ............................. Savings deposits (book account) Savings certificates of deposit. Bills payable ................................. Total $2,257,060 15 155 STATE BANKS OF MICHIGAN No. 150. ITH ACA SAVINGS BAN K , ITHACA. Organized December 23, 1892. John D C. H ic k s , i r e c t o r s .— P r e sid e n t; J. L ee P o t t s , V ic e P r e s id e n t ; L ynn T. M il l e r , C a sh ier; L . W. W o l f , R u s s e l l C. A l l e n , A s s i s t a n t C a s h ie r s . J. B . Crawford, L. Lee Potts, John C . Hicks, A . E . Pinney, H . E . Lewis, J . Carl Ranger, Lynn T. Miller. * Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Savings .......................................... Real estate m ortg age s: Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Savings ............................................ U. S. bonds and certificates of Ind. as legal reserve in Savings dept, o n ly ....................... Total cash on h a n d : Savings .......................................... Banking house................................. Furniture and fixtures ............... Other real estate ......................... Outside checks and other cash items ................................................ T otal ............................................ $99,609 74 184,369 57 Capital stock paid in ................. Surplus fund ................................. Undivided profits, net ............... Savings deposits (book account) Savings certificates of deposit. $35,000 17,500 9,894 311,438 111,457 00 00 87 05 88 104,217 50 28,478 26 50,000 00 4,902 6,375 2,750 4,500 81 00 00 00 87 92 $485,290 80 T otal ............................................ $485,290 80 No. 177. JACKSON CITY B A N K & TRUST COMPANY, JACKSON. Organized January 1, 1865. Reorganized December 26, 1894. One Branch. W . M. T h o m p s o n , P r e s id e n t ; B. R. L a r a w a y , K . L. P o t t e r , P. B. L o o m i s , H . J. S m i t h , V i c e P r e s i d e n t s ; R. B. W a l k e r , C a s h i e r ; L. W . S h e r e r , L. J. C l a r k e , R. A. L e w i s , A s s i s t a n t C a s h i e r s ; H. R. L e s l i e , T r u s t O fficer. D i r e c t o r s . — W . M. Thompson, P. B . Loomis, D. G. Kimball, B. R . Laraway, J . W . Miner, K. L. Potter, W . A. Bunting, C. W . Tippy, F. W . Gay, E. A. Bancker, I. M. Dach, G. M. Carter. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. $1,620,402 712,500 Savings .......................................... Real estate m ortg age s: 59,288 Commercial ................................. 686,418 Savings .......................................... Bonds and securities: 351,560 Commercial ................................. 166,050 Savings ............................................ Due from banks in reserve cities : 104,068 Commercial ................................. 311,404 Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: 170,125 Savings dept, only ................... Exchanges for clearing h o u se: 16,344 Commercial ................................. T otal cash on h a n d : 176,070 Commercial ................................. 6,520 Overdrafts ........................................ 200,000 Banking house ............................... 138,173 Furniture and fixtures ............... 120,805 Other real estate ......................... Customers’ bonds left with bank 469,900 for safe keeping ....................... Outside checks and other cash 5,903 items ................................................ 1,728 Other assets .................................... T rust department: 115,207 Securities ........................................ Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 35 00 30 94 39 20 52 39 00 50 77 31 Capital stock paid in ................. Surplus fund ................................... Undivided profits, net ............... Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers State moneys on deposit .......... Savings deposits (book account) Savings certificates of deposit. Club savings deposits ............... Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... Trust departm ent: Trust deposits— totals .......... $300,000 250,000 42,091 195 00 00 22 00 1,200 00 2,365,582 01 8,385 47 4,037 57 4,307 93 85.891 09 1,263,618 04 290,204 40 31,985 75 211,866 79 469,900 00 103,206 44 00 87 29 00 45 30 13 $5,432,471 71 Total $5,432,471 71 156 STATE BANKING D EPAR TM E N T No. 607. JAM ESTOW N STATE BA N K , JAMESTOWN. Organized April 7, 1917. D i c k . E . S m a l l e g a n , P r e s i d e n t ; O w e n S n e d e n , V i c e P r e s i d e n t ; F r a n k P e t e r s ., C a s h i e r ; F r a n k l i n J. R y n b r a n d t , A s s i s t a n t C a s h i e r ; O w e n S n e d e n , N i c h o l a s D e K l e i n e , A u d i t o r s . D i r e c t o r s .— Dewis DeKleine, Henry Weber, Owen Sneden, Henry Van Noord, Nicholas De Kleine, C. J. Den Herder, Dick E, Smallegan. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................. Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... T otal cash on hand : Savings .......................................... Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Due from banks other than in reserve cities ............................... Customers’ bonds left with bank for safe keeping ....................... Total ............................................ .$86,194 52 2,400 00 120,574 00 74,610 00 31,680 00 20,491 07 1,244 13 7,104 6,800 2,195 4,013 Capital stock paid in ..... $25,000 00 Surplus fund ................................. 12,500 00 Undivided profits, net ..... 687 66 Commercial deposits subject to check ................................................ 26,565 18 Demand certificates of deposit. 105,556 86 Savings deposits (book account) 149,888 42 Savings certificates of deposit. 15,891 94 Club savings d eposits. 217 50 Bills payable .................................... 28,000 00 Customers’ bonds left with bank for safe keeping ....................... 1,800 00 88 00 00 96 7,000 00 1,800 00 $366,107 56 T otal ............................................ $366,107 56 . No. 115. THE GROSVENOR SAVINGS BANK, JONESVILLE. Organized February 10, 1891. C h arles D G. W ir e c t o r s . h it e , P r e s id e n t; O l iv e r S. W h it e , V ic e P r e s id e n t; W il l ia m M. W etm ore, Charles G. W hite, W illiam M. Wetmore, Oliver S. W hite, John S. Lewis, Richard S. Varnum. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................. Real estate m ortgages : Commercial .................................. Savings ......................................... Bonds and securities; Commercial ............ '..................... Savings ........................................... Due from Federal Reserve bank : Commercial .................................. S a v in g s ............................................ Due from banks in reserve cities : Commercial .................................. S a v i n g s ............................................ T otal cash on hand : Commercial .................................. Overdrafts ......................................... Banking house.................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... Outside checks and other cash items ................................................. Stock of Federal Reserve bank. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $195,116 40 24 940 14 155,238 67 73,967 01 96,983 74 39,225 20 8,000 00 Capital stock paid i n ................... Surplus fu n d .................................... Undivided profits, n e t................. Commercial deposits subject to c h e c k ................................................ Demand certificates of deposit. Savings deposits (book account) Notes and bills rediscounted. . Bills payable .................................... Customers’ bonds left with bank for safe k eepin g........................... $50,000 00 25,000 00 4,981 39 121,739 92 183,354 51 244,679 02 21,574 60 12,250 00 6,250 00 6,674 98 2,132 79 19,173 441 8,000 4,727 26,389 94 19 00 28 02 6,250 00 319 08 2,250 00 $669,829 44 T otal ............................................ $669,829 44 157 STATE BANKS OF M ICHIGAN No. 1. B A N K OF KALAM AZOO, KALAM AZOO. Organized January 12, 1889. Two Branches. W a l t e r L . O t i s , C h a irm a n o f th e B o a rd . J o h n F . T u b e r t y , P r e s i d e n t j A l f r e d B . C o n n a b l e , M i l f o r d G. D a v i s , F r e d G. D e w e y , S t a n l e y C . F r o s t , ' V ic e P r e s id e n t s j J a m e s M . S h a c k l e t o n , V ic e P r e s id e n t an d C a s h ie r ; W e l l in g t o n K . B r o w n , G a r r e t V a n H a a f t e n , A s s is t a n t C a sh iers. D i r e c t o r s .— Charles G. Bard, Charles A. Blaney, Fred J. Bond, Edmond W . Chase, Alfred B. Connable, H. Alex Crawford, Dwight R. Curtenius, Richard E. Fair, Stanley C. Frost, J. Stanley Gilmore, W illiam O. Jones, Jacob Kindleberger, Merrill King, Lewis H Kirby, W illiam J. Lawrence, S. Rudolph Light, W illiam B. Milham, Stephen B. Monroe, Hubert L. North, W alter L. Otis, John H . Penniman, John A. Pyl, Edward G. Read, Marvin J. Schaberg, James M. Shackleton. Fred W . Sutherland, Albert J. Todd, John F. Tuberty, W illiam E. Upjohn, Henry L. Vander Horst, Edward C. Vincent, Sirk J. Wykkel. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................. $3,326,946 90 Savings .............................................. 1,250,356 92 Real estate m ortg age s: Commercial .................................. 262,299 78 Savings ............................................ 768,157 79 Bonds and securities: Commercial .................................. 1,296,198 54 Savings ........................................... 135,000 00 Due from Federal Reserve b a n k : Commercial .................................. 250,000 00 315,579 50 Savings ........................................... Due from banks in reserve cities : S a v in g s .............................................. 372,607 09 Exchanges for clearing h ou se: S a v in g s ........................................... 49,051 64 Total cash on h a n d : Savings ........................................... 301,519 02 Overdrafts ....................................... 2,017 17 16,442 56 Premium account.......................... Banking house.................................. 399,582 06 Furniture and fixtures................. 149,006 03 Other real e state............................. 111,745 97 Due from banks other than in reserve citie s.................................. 5,246 95 Outside checks and other cash i t e m s ................................................ 5,067 15 Stock of Federal Reserve bank 25,050 00 Accrued interest, receivable (net) 5,107 57 Customers’ acceptances and letters of cred it........................... 5,097 80 Other a sse ts....................................... 40,978 53 Trust department: Securities ........................................... 130,316 26 T otal ............................................ $9,223,435 23 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................. Dividends unpaid ....................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers U. S. government d eposits........ Savings deposits (book account) Savings certificates of deposit. Club savings d eposits................. Notes and bills rediscounted.. Bills payable ................................. Customers’ acceptances and letters of credit ....................... Trust department: Trust deposits— Totals ............. T otal $600,000 235,000 84,922 309 00 OO 87 00 82,179 74 3,317,355 2,284 19,638 139,961 89,892 3,061,765 788,453 239,863 453,319 42,000 08 77 10 81 96 51 96 84 77 00 5,097 80 61,390 02 $9,223,435 23 STATE BANKING D EPAR TM E N T 158 No. 147. THE HOME SAVINGS B A N K OF KALAM AZOO. Organized November 21, 1892. V. T. B a r k e r , C h a ir m a n o f t h e B o a r d . A. V a n B o c h o v e , P r e s i d e n t ; C h a s . C l a r a g e , V i c e P r e s i d e n t ; N. S. POND, C a s h i e r ; W m . F. C. D o o r n in k , A ssista n t D C a s h ie r . i r e c t o r s .— V. T. Barker, Jos. B. Brown, H. C. Howard, A. Van Bochove, W . B. Kidder, Chas. Clarage, W . O. Jones, W . B. Milham, C. A. Fox, L. W . Sutherland, Frank E. Mc Allister, R. L. Gilkey, Goddie Rosenbaum. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. $1,275,796 77 Savings .......................................... 206,776 00 Real estate m ortgages : Commercial ................................. 18,000 00 Savings .......................................... 300,214 30 Bonds and securities: Commercial .................................. 404,854 82 Savings .......................................... 134,038 90 Due from banks in reserve cities : Commercial ................................. 144,928 64 Savings .......................................... 10,000 OO Exchanges for clearing house : Commercial ................................. 12,850 10 Savings .......................................... 29,837 30 Total cash on hand : Commercial ................................. 43,255 51 Savings .......................................... 35,000 00 Overdrafts ........................................ 2,216 40 Banking house ............................... 75,161 04 Furniture and fixtures............... 7,728 77 Other assets .................................... 165 22 $200,000 00 Capital stock paid i n . Surplus fund ................................. 200,000 00 Undivided profits, net ..... 25,378 31 Dividends unpaid ....................... 12 50 Reserved for taxes, interest, depreciation, etc. ..................... 4,072 61 Commercial deposits subject to 890,941 57 check .............................................. Demand certificates of deposit 614,490 68 Certified cheeks ............................. 560 00 Due to other banks and bankers 49,501 60 Savings deposits (book account) 715,866 50 Total $2,700,823 77 Total $2,700,823 77 K ALAM AZOO IN D U STRIAL BAN K , KALAM AZOO. Organized August 25, 1928. M. K e n n e d y , P r e s i d e n t ; W a l t e r L. C a sh ie r ; E d m u n d W . C h a s e , S e c r e ta r y ; O t i s , V i c e P r e s i d e n t ; L e w i s A. C a m p b e l l , C h a s . J. M o n r o e , A s s i s t a n t S e c r e t a r y . Vernon T. Barker, W alter L. Otis, Edmond W . Chase, Edward M. Kennedy, Stephen B. Monroe, Nicholas J. Baumann, R. E. Fair, W . O. Jones, A. E. Kettle, L. H. Kirby, Felix Pagenstecher, W . J. Lawrence. E dward D i r e c t o r s .— Statement September 29, 1931. Resources. L oans, viz: Notes receivable, industrial plan .............................................. Notes receivable other............ United States bonds or n o te s.. Due from banks in reserve cities Cash on hand ............................... Furniture and fixtures ............... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $248,348 7,924 10,651 2,388 5,427 1,748 03 00 32 17 58 63 $276,487 73 Capital stock paid i n ................... Surplus fund ....................................... Undivided profits, earned (net) Reserve for taxes, interest, etc. Discount collected unearned.. Payments on instalment cer tificate, hypothecated ............ Payments on instalment cer tificates, unhypothecated........ Investment certificates out standing ............................................. T otal ............................................ $52,000 00 10.4(H)00 12,834 49 5,043 97 9,447 17 104,572 80 34,193 37 47,995 93 $276,487 73 159 STATE BANKS OF MICHIGAN No. 674. K A L E V A STATE BAN K , K A LE V A . Organized March 7, 1921. A u gu st D i r e c t o r s .— L e n z , P r e s id e n t; E lm er B il l m a n , V ic e P r e s id e n t; E llsw orth B il l m a n , C a sh ie r ; F . H. W i l s o n , A s s i s t a n t C a s h i e r . August Lenz, Elmer Billman, Ellsworth Billman, F . H. W ilson, Anna C. Billman. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg age s: Commercial ................................. Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve citie s: Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept o n ly ..................... Total cash on h a n d : Commercial ................................. Overdrafts ........................................ Expenses, interest and taxes paid exceeding earn ings........ Banking house ............................. Furniture and fixtures............... Other real estate ......................... Customers’ bonds left with bank for safe keeping......................... $38,136 04 23,049 49 1 ,1 0 0 21 38,598 OO 81,000 00 12,341 89 16,821 24 Capital stock paid i n ................... Surplus fund .................................... Reserved for taxes, interest, depreciation, etc ........ .............. Commercial deposits subject to check .............................................. Demand certificates of deposit. Savings deposits (book account) Savings certificates of deposit Club savings dep osits................... Customers’ bonds left with bank for safe keeping ....................... 5,250 00 3,000 00 50,435 1,028 140,584 11,544 159 28 52 75 08 78 34,450 00 1 ,0 0 0 OO 4,147 52 5 43 833 87 1 0,000 00 2 ,2 0 0 00 2,768 72 34,450 00 $266,452 41 Total $20,000 00 $266,452 41 Total No. 257. THE K A L K A S K A STATE BANK , K A L K A S K A . Organized January 14, 1902. C. W . M c P h a i l , P r e s i d e n t ; A . ,T. M D i r e c t o r s .— aynard, L. O. B C a sh ier. loom er, V ic e P r e s i d e n t s ; S. C. S h u m sky , Lee O . Bloomer, A . J. Maynard. G . B. Kilbourne, C. W . McPhail, M. C. Bloomer, R. J. Smith, W . S. Richardson. Statement September 29, 1931. Liabilities. Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n $25,000 00 Surplus fund ................................. 7,000 Undivided profits, n e t.. 2,430 Commercial deposits subject to check ................................................ 110,109 Demand certificates of deposit 21,897 Cashier’s checks ........................... 1,599 Savings deposits (book account) 201,015 Customers’ bonds left with bank for safe keeping...... 200 . Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg age s: Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve citie s: Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate........................... Customers’ bonds left with bank for safe keeping...................... $104,788 43 7,594 00 72,038 56 69,620 75 19,618 07 00 87 42 68 42 60 00 65,700 00 9,328 16 10,000 2,300 8,047 81 66 00 00 71 200 OO $369,252 99 T otal ............................................ $369,252 99 160 STATE BANKING D EPAR TM E N T No. 451. THE K E N T CITY STATE BANK , KENT CITY. Organized April 28, 1910. A. H . S a d r , P r e s i d e n t ; C o r n e l i u s G e r b e r , E l i G. R o b e r t s , V i c e P r e s i d e n t s ; M . E. M o o r e , C a s h i e r j R. J. K r i g e r , A s s i s t a n t C a s h ie r . D i r e c t o r s .— A. H . Saur, E. G. Roberts, E. J. Soles, Nels Anderson, M. E. Moore, Cornelius Gerber, F. N. Church. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m o rtg ages: Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures.............. Other real estate ......................... Customers’ bonds left w ith bank for safe keeping........................... Outside checks and other cash items ................................................ Other assets .................................... Total ............................................ $29,171 95 45,933 00 6,885 00 91,162 42 41,535 00 105,080 00 12,730 68 9,352 45 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................. Commercial deposits subject to check .................... State moneys on d eposit.......... Savings deposits (book account) Savings certificates of deposit Customers’ bonds left with bank for safe keeping......................... Other liabilities ........................... $30,000 OO 11,200 OO 15,240 42 71,614 34 5,000 OO 147,270 38 126,713 96 12,950 00 83 47 40,900 00 5,551 82 6 ,0 0 0 OO 98 09 7,000 00 2,800 00 2,000 00 12,950 00 2 16 920 00 $420,072 57 T otal $420,072 57 No. 514. KINDE STATE BANK, KINDE. Organized July 20, 1912. F rank. D W. H i r e c t o r s .— ubbard, P r e s i d e n t ; Jos. N. R a n k i n , V i c e P r e s i d e n t ; W C a s h i e r ; H . A . L u e c k e , A s s i s t a n t C a s h ie r . Frank W . il l ia m R. E v e r i n g h a m , Hubbard, Jos. N. Rankin, W illiam R. Everingham, F. L. Hubbard, Florence R. Everingham. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................. Savings .......................................... Real estate m o rtg ages: Commercial ................................. Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate ......................... Customers’ bonds left with bank for safe keeping......................... Outside checks and other cash items ................................................ Other assets .................................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $180,584 54 25,579 50 1,800 00 97,448 84 136,167 99 12,518 24 26,980 79 25,800 00 1,597 3,000 69 9,000 1,500 7,500 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Cashier’s checks............................... Time commercial certificates of deposit ............................................ Savings deposits (book account) Savings certificates of deposit Customers’ bonds left with bank for safe k eepin g......................... $25,000 00 10,000 OO 5,125 90 5,084 28 76,993 03 6,256 30 107.263 13 140,508 68 154,858 73 8,550 00 98 OO 17 00 00 39 8,550 OO 36 56 1,497 05 $539,640 05 T otal ............................................ $539,640 05 STATE BANKS OF MICHIGAN 161 No. 485. FIRST STATE B A N K OF KING SLEY, KINGSLEY. Organized June 22, 1911. E. G. R a w l i n g s , P r e s i d e n t ; A. B. S t i n s o n , J. A. M c C a r t h y , S. F. H o d g e s , V i c e P r e s i d e n t s ; C. J. B r o w n , C a s h i e r ; H. T. R a w l i n g s , A s s i s t a n t C a s h ie r . i r e c t o r s .— S. F. Hodges, T. L. Doneth, M. McCarthy, J. A. McCarthy, E, G. Rawlings A. B. Stinson, Ira D. Linten. D Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortg ages: Commercial ................................. Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate........................... Customers’ bonds left with bank for safe k e e p i n g ..,................... Outside checks and other cash items ................................................ T otal .......................................... $64,205 90 30,846 06 8,183 01 19,190 78 10,500 00 5,344 55 7 ,400 00 50 OO 1,529 1,000 29 1,500 1,500 6,769 $20,000 Capital stock paid i n .. Surplus fund ................................. 3,174 Undivided profits, n e t. Reserved for taxes, interest, depreciation, etc......... 1 ,0 0 0 Commercial deposits subject to check .............................................. Demand certificates of deposit Cashier’ s checks ........................... Savings deposits (book account) Savings certificates of deposit Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... 00 5,700 00 49 OO 36,637 86 11,294 75 2,121 91 51,027 49 17,691 27 9,500 00 6,200 OO 80 00 21 00 00 74 6 ,2 0 0 00 98 72 $164,347 77 T o t a l' .......................................... $164,347 77 No. 504. KINGSTON STATE BAN K , KINGSTON. Organized June 13, 1912. D C. W . M c P h a i l , P r e s i d e n t ; L. A. M a y n a r d , V i c e P r e s i d e n t ; A. M a r s h a l l , C a s h ie r . C. W . McPhail, L. A. Maynard. George Bates, M. S. Maynard, A. Marshall, G. A. Marshall. i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................. Savings ........................................... Real estate m ortg ages: S a v in g s ........................................... Bonds and securities: S a v in g s ........................................... Due from banks in reserve cities : Commercial .................................. Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on hand : Commercial ............................... , S a v in g s ............................................ Overdrafts ......................................... Banking house ............................... Furniture and fixtures................. Other real e state............................. Customers’ bonds left with bank for safe keepin g.......................... Outside checks and other cash items ................................................ Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $48,066 77 16,090 16 39,202 83 70,130 00 20,329 75 15,501 07 3,700 OO 4,729 6,210 58 6,500 1,800 32,716 Capital stock paid i n ................... Surplus f u n d .................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to c h e c k ................................................. Demand certificates of deposit. Cashier’s checks............................... Savings deposits (book account) Customers’ bonds left with bank for safe k eepin g........................... *20,0 0 0 00 7,000 00 8,131 20 1 0 ,0 0 0 00 46.591 10 25,720 35 129 14 147,489 16 2,900 OO 05 00 18 OO 00 29 2,900 OO 26 85 $267,960 95 Total $267,960 95 162 STATE BANKING D EPAR TM E N T No. 383. THE UNION STATE BANK , LAINGSBURG. Organized November 12, 1907. F rank B. Sm it h , J. D. H P r e sid e n t; oughton, C a sh ier; E D i r e c t o r s .— m il L V ic e P r e s id e n t A u d ito r. and A u d ito r; E. L. P i a t t , ee, Frank B. Smith, J. D. Houghton, Seymour Piatt, W . S. Haskin, E. L. Piatt, W ard Smith, Em il Lee. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................. Savings ........................................... Real estate m ortg age s: Savings ........................................... Bonds and securities: Savings .......................... Due from banks in reserve citie s: Commercial .................................. U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ...................... Total cash on h a n d : Commercial .................................. Savings ............................................ Banking house.................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keepin g........................... Outside checks and other cash items ................................................. Total ........................................... $67,404 49 14,987 42 69,348 90 10,100 00 24,922 02 30,000 00 Capital stock paid i n ................... Surplus fu n d .................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to c h e c k ................................................ Demand certificates of deposit. Cashier’ s checks............................... Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping........................... 20,000 00 15,000 00 1,006 59 1 2 ,0 0 0 00 45,455 9,089 1,365 70,702 55,305 81 20 19 20 96 300 00 1,586 52 2 ,0 0 0 00 2,500 00 1,900 00 5,045 16 300 00 130 44 $230,224 95 T otal ............................................ $230,224 95 No. 417. THE L A K E CITY STATE BANK , L A K E CITY. Organized December 21, 1908. R. M. B i e l b y , P r e s i d e n t ; S i m A r d i s , J. F. D o u d n a , V i c e P r e s i d e n t s ; C a s h i e r ; T h e o . W a l l i n g t o n , A s s i s t a n t C a s h ie r . D i r e c t o r s .— H erbert G. B a c o n , R. M. Bielby, Sim Ardis, W . J. Ardis, F. W . Merrick, H . G. Bacon, J. F. Doudna, T. W . Kelly. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................. S a v i n g s ............................................ Real estate m ortgages : Commercial .................................. S a v i n g s ............................................ Bonds and securities : S a v i n g s ............................................ Due from banks in reserve cities : Commercial .................................. Savings ............................................ Exchanges for clearing house : S a v i n g s ............................................ T otal cash on hand : . Commercial .................................. Savings ............................................ Overdrafts ......................................... Banking house.................................. Furniture and fixtures............... Other real estate............................. Customers’ bonds left with bank for safe keepin g........................... T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $232,520 80 24,494 77 5,464 09 62,451 18 29,354 83 28,642 67 8,158 49 946 11 1 ,6 6 8 03 5,300 00 433 7,500 4,050 11,700 30 Capital stock paid i n ................... Surplus f u n d .................................... Undivided profits, n e t................. Unearned interest ......................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks............................... Due to other banks and bankers Savings deposits (book account) Savings certificates of deposit. B ills p ay ab le...................................... Customers’ bonds left with bank for safe k eepin g.......................... $25,000 11,500 1,953 2,578 OO OO 70 21 7,658 46 112,918 101,883 1,181 3,795 109,545 10,669 34,000 25 77 97 00 86 05 00 14,550 00 ()0 00 00 14,550 00 $437,234 27 T otal $437,234 27 STATE BANKS OF M ICHIGAN 163 No. 283. FARM ERS AND MERCHANTS BANK , LA K E ODESSA. Organized October 10, 1903. W . S. A u g st , P r e s i d e n t ; G eo . W . S c h n e i d e r , V i c e P r e s i d e n t ; U D i r e c t o r s .— sb o rn e, A ssista n t Sa m u e l V elte, C a sh ier; A. B. C a s h ie r . John Wagner, Perry Allarding, Ellis W . Durkee, W . S. Augst, Geo. W . Schneider, F. A. Page, David Smith, F. W . Bulling. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate ......................... T otal ............................................ $86,027 94 48,401 00 45,729 15 100,176 17 31,023 00 1,551 34 10,000 00 496 8,000 16 3,000 Capital stock paid i n .. $25,000 00 Surplus fund ................................. 12,500 00 Undivided profits, net .... 10,007 71 Reserved for taxes, interest, depreciation, etc......... 1,065 24 Commercial deposits subject to check ................................................ 31,788 47 Demand certificates of deposit 82,996 86 Savings deposits (book account) 171,596 16 Savings certificates of deposit 28,453 29 Other liabilities ........................... 834 75 12 00 50 00 1 ,0 0 0 00 28.821 26 $364,242 48 Total $364,242 48 No. 41. LA K E ODESSA STATE SAYINGS BANK , L A K E ODESSA. Organized M ay 22, 1888. H. C. L a w r e n c e , P r e s i d e n t ; W w . H . M c C a r t n e y , V i c e P r e s i d e n t ; W . C. M c C a r t n e y , C a s h i e r ; G race M . M D i r e c t o r s .— cCa r t n e y , A s s i s t a n t C a s h ie r . Louis Krieger, Otis Miner, W m . H . McCartney, H . C. Lawrence, O t t o C. Russ, Fred W . Green, F. E. Branch. Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Exchanges for clearing house: Commercial ................................. Total cash on hand: Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate........................... Outside checks and other cash items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $92,022 05 50,156 95 47,584 91 107,488 05 119,013 60 9,051 28 27,391 82 99 70 1,232 6,593 20 2,000 2,274 26,902 19 77 07 00 35 05 $25,000 00 Capital stock paid i n . Surplus fund .................................. 25,000 00 Undivided profits, n e t. 2,832 67 Reserved for taxes, interest, depreciation, etc........ 6,527 09 Commercial deposits subject to check ................................................ 55,914 42 Demand certificates of deposit 36,553 16 Certified checks ............................. 35 52 351 19 Cashier’s checks ........................... Savings deposits (book account) 241,086 47 Savings certificates of deposit 54,360 69 Bills payable .................................... 39,000 00 Other liabilities ........................... 6,575 81 1,406 23 $493,237 02 T otal ............................................ $493,237 02 STATE BANKING D EPAR TM E N T 164 No. 190. ORION STATE BAN K , L A K E ORION. Organized April 23, 1896. I ra C a r p e n t e r , P r e s id e n t j D i r e c t o r s .— L. B. K elly, V ic e P r e s id e n t ; A s s i s t a n t (Jasfoid* L ee E arle, C a sh ie r ; K. B. C h a p i n , Ira Carpenter, L. B. Kelly, C. M. Howarth, Ira A. Haddrill, H . J. Kelly, Lee Earle, F. H. Lessiter. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Furniture and fixtures.................. Other real estate........................... Due from banks other than in reserve cities ........................... Outside checks and other cash items ................................................ T otal ............................................ $166,041 50 50,000 00 4,800 00 314,610 68 123,400 00 $60,000 Capital stock paid i n .. Surplus fund ................................... Undivided profits, n e t. 8,418 Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit 00 40,000 00 71 93,455 10 5 00 42 43 393,440 22 158,102 35 7,666 14 45,805 77 16,389 10,000 25 1,000 7,452 57 00 64 00 89 6,135 32 136 30 $753,463 81 T otal ............................................ $753,463 81 No. 575. COMMERCIAL STATE SAVINGS BAN K , L A K E V IE W . Organized February 21, 1916. F rank D L. S t e b b i n s , P r e s i d e n t ; L. E. K i r e c t o r s .— e l s e y . V ic e P r e s id e n t ; C h a r n l e y , A s s i s t a n t C a s h ie r . F. M. N o r t h r o p , C a s h i e r ; G. L. Frank L. Stebbins, L. E. Kelsey, Peter Hansen, F. M. Northrop, G. L. Charnley. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg ages: Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on hand: Commercial .................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate ........................ Customers’ bonds left with bank for safe keeping......................... Outside checks and other cash items ................................................ Stock of FederalReserve bank T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $81,983 90 46,876 36 4,990 40 62,336 00 1,975 00 138,790 00 6,000 00 5,498 42 8,817 02 108 90 Capital stock paid i n ................... Surplus fund ................................ Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Demand certificates of deposit. Certified checks ............................. Savings deposits (book account) Savings certificates of deposit Notes and bills rediscounted.. Bills payable .................................... Customers’ bonds left with bank for safe keeping......................... $25,000 00 8,670 00 933 78 5,163 90 38,941 31 13,666 54 2 00 102,777 12 137,499 41 34,707 58 3,400 00 50,390 00 550 00 900 3,000 173 4,795 1,714 891 91 00 48 45 07 75 50,390 00 359 98 1,000 00 $421,151 64 T otal ............................................ $421,151 64 165 STATE BANKS OF M ICHIGAN No. 300. THE FARM ERS AND M ERCHANTS STATE BANK , L A K E V IE W . Organized October 27, 1904. N. H . Y o u n g m a n , P r e s i d e n t ; L e e K e l l o g g , E. W i l l i s o n . D i r e c t o r s .— D. S. Griffith, W allace Edgar, Peterson, V i c e P r e s i d e n t ; D. A s s i s t a n t C a s h ie r . S. G r i f f i t h , C a s h i e r ; K e it h N. H . Youngman, Lee Kellogg, A. F. H ill, Peter George Rader. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Savings .......................................... Total cash on hand: Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate........................... Customers’ bonds left w ith bank for safe keeping......................... Stock of Federal Reserve bank Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $79,510 35 63,801 90 3,700 00 76,115 14 125,500 OO 710 54 10,000 OO 15,400 04 775 3,000 153 6,300 3,600 3,797 Capital stock paid i n .. 40,000 00 Surplus fund ................................. 9,600 00 Undivided profits, n e t.. 511 56 Commercial deposits subject to 30,666 95 check ................................................ Demand certificates of deposit 3,587 40 Savings deposits (book account) 75,142 10 Savings certificates of deposit 202,861 53 Notes and bills rediscounted.. 20,220 88 Bills payable ................................. 11,273 39 Customers’ bonds left with bank for safe keeping........ 31,400 00 11 OO 68 OO 00 05 31,400 00 1,500 00 $425,263 81 Total ............................................ $425,263 81 STATE BANKING D EPAR TM E N T 166 No. 133. *THE AM ERICAN STATE SAYINGS BA N K , LANSING. Organized January 4, 1892. Four Branches. J. E d w a r d R o e 3 P r e s i d e n t ; C h a s . E. T o m s ., M. R. C a r r i e r , C. E. B e m e n t , D. E. B a t e s , L. C. A b b o t t , V i c e P r e s i d e n t s ; C. A. S c h r a t , C a s h i e r ; E. D. G i b b s , J. C. P h a l e n , R. E. G r i s s i n g e r , A s s i s t a n t C a s h i e r s ; A. J. S e y f r i e d , A u d i t o r ; L. L. S a t t l e r , M n g r . N o r t h L a n s i n g B r a n c h ; B . L . B e r r y , M n g r . S o u th L a n sin g B r a n c h ; K . E . H a u b e n r e is s e r , M ic h ig a n A v e n u e B r a n c h ; V . O. / / o w e , M n g r . W . S t. J o se p h S t. B ra n ch . D i r e c t o r s .— C. F. J. Edward Roe, D. E. Bates, M. E. Toms, R. C. Schray. M n gr. E a st Hammond, H. A. Haze, Jacob Himmelberger, C. E. Bement, L. L. Sattler, J. G. Reutter, J. P. Edmonds, E. C. Shields, L. C. Abbott, B. J. Baker, R. Carrier, W . S. Foster, H . F. Harper, H . B. Lundberg, H. C. Teel, Chas. Rueschaw, C. S. Roe, E. W . Goodnow, O. A. Jenison, H. B. Rowe, C. A. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. $1,981,595 09 Savings .......................................... 2,444,179 24 Real estate m ortgages: Savings .......................................... 2,175,336 92 Bonds and securities : Commercial ................................. 1,061,117 40 Savings .......................................... 901,266 37 Due from Federal Reserve bank : Commercial ................................. 191,344 63 Savings .......................................... 174,000 OO Due from banks in reserve cities : Commercial ................................. 70,447 25 Savings .......................................... 54,657 87 Exchanges for clearing house: Commercial ................................. 60,389 41 Total cash on hand: 319,015 83 Commercial ................................. Overdrafts ........................................ 562 63 Banking house ............................. 566,818 39 Furniture and fixtures.................. 137,937 09 Other real estate ........................... 87,911 98 Stock of Federal Reserve bank 34,500 00 Other assets (land con tracts).. 26,708 25 Trust departm ent: Cash .................................................. 7,390 68 T otal ............................................$10,295,179 03 ♦Closed December 21, 1931. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid In ................... Surplus fund ................................... Undivided profits, n e t................. Dividends unpaid ......................... Commercial deposits subject to check ................................................ Demand certificates of deposit Certified checks ........................... Cashier’s checks ........................... Due to other banks and bankers State moneys on dep osit.......... Savings deposits (book account) Savings certificates of deposit Club savings d eposits................. Notes and bills rediscounted.. Bills payable .................................... Trust departm ent: T rust deposits— Totals ........... Total $750,000 OO 400.000 00 97,465 70 210 00 2,449,927 45,000 24,307 18,606 111,009 78,451 3,220,309 2,327,035 83,442 452,023 230.000 39 00 16 07 12 79 67 14 45 86 00 7,390 68 $10,295,179 03 STATE BANKS OF M ICHIGAN 167 No. 755. B A N K OF LANSING, LANSING. Organized M ay 3, 1928. J. W . W D il f o r d , P r e s i d e n t ; D. D. H a r r i s , V i c e P r e s i d e n t ; J o h n M a r s h a l l , a n d C a s h i e r ; W a l t e r M . H o l m e s , A s s i s t a n t C a s h ie r . V ic e P r e s id e n t i r e c t o r s .— John Affeldt, Jr.. Geo. P. Anderson, W . F. Barker, Chas. F. Buehler, W . J. Burgess, H. Chris Hansen, Roy Dean, D. D. Harris, Leroy Lewis, John Marshall, McKinley H . Reniger, Eric P. Teel, J. W . W ilford, Albert L. Elilinger, J. Ben Siegfried. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Savings .......................................... Real estate mortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ....................... Exchanges for clearing house: Commercial ................................. T otal cash on hand : Commercial .................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... T otal ............................................ $292,937 79 26,295 OO 10,858 29 43,000 00 76,530 00 20,087 31 45,457 22 7,920 OO Capital stock paid i n .. $100,000 00 Surplus fund ................................. 42,665 54 Reserved for taxes, interest, 3,402 60 depreciation, etc........ Commercial deposits subject to check .............................................. 228,695 43 Demand certificates of deposit 62,655 61 Certified checks ............................. 25 00 Cashier’s checks ............................... 121 66 U. S. government d eposits........ 20,530 00 Savings deposits (book account) 104,914 18 Savings certificates of deposit 38,748 64 Club savings d eposits. 15,637 00 3,512 15 27,483 10,000 5 39,934 13,375 62 00 28 00 00 $617,395 66 Total $617,395 66 CENTRAL TRUST COMPANY, LANSING. Organized January 21, 1926. J. E d w a r d R o e , P r e s i d e n t ; W m . E . M c N a m a r a , J. W . H a a r e r , J. W . W i l f o r d L e o n R. G e r m a n , V ic e P r e s id e n t s ; H a r r y O l m s t e a d , V ic e P r e s id e n t and T r e a s u r e r ; H a r r y D . B e n n e t t , S ec reta ry ; L . G e rtru d e B is h o p , A ssista n t S ec reta ry ; H o w a r d M ic k e l s o n , A s s is ta n t T r e a s u r e r ; A l l a n R . B l a c k , A t t o r n e y ; K . E . H e w e s , A u d i t o r ; S c o t t V . R u t h e r f o r d , M a n a g e r B o n d D e p a r tm e n t. DiRECTORS.— B F Davis, D. E. Bates, Lee Cahill, Frank E. Gorman, John W . Haarer, N. P. Hull H F Harper, W m . E. McNamara, V. V. Moulton, Harry Olmstead, J. Edward Roe, R H. Scott, C. E. Toms, H . D. Bennett, A. J. Hager, H . D. Luce, F. W . Merrick, .r5?£ise/ ’ A - D ' Baker- E - B - Horner, John Marshall, J. G. Reutter, E. C. Shields, J. W . W ilford. Statement September 29, 1931. Resources. Collateral loans : Time ................................................ Loans on real estate m ortgages : In office .......................................... W ith state treasurer............... B o n d s: In office ........................................ W ith state treasurer................. Certificates in b an k ....................... Due from other banks and bankers .......................................... Cash and items ............................. Items in transit ........................... Advances to tru sts....................... Other real estate........................... Banking house ............................... Furniture and fixtures............... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $298,667 71 47,181 98 191,420 00 189,127 52 9,100 00 5 ,0 0 0 00 Capital stock paid i n ................... Surplus fund ................................. Undivided profits (less expenses, interest and taxes p a id )........ Reserve for taxes, etc................ Trust deposits ............................. Certificates of d eposit................. Other liabilities ............................. $400,000 00 160,000 00 21,278 4,612 144,991 156,154 543 76 45 39 80 59 38,461 13 954 44 69 54 67,260 94 25,237 73 8,640 00 6,460 00 $887,580 99 T otal ............................................ $887,580 99 STATE BANKING D EPAR TM E N T 168 IN D U STRIA L BA N K , LANSING. Organized April 8, 1926. A. D. B a k e r , P r e s i d e n t ; J. I. V a n K P r e s id e n ts ; F r a n k E . B a k e r , T rea su rer. D i r e c t o r s .— A. D. Baker, F. N. e u r e n , A. J. H a g e r , F. S e c r e ta r y -T r e a s u r e r ; L . C. N. A r b a u g h , F. A. S t o l t e , V i c e G r e e n m a n , A ssista n t S ec reta ry- Arbaugh, Frank E. Baker, E. L. Cooley, Henry Dietz, Albert Elsesser, A. J. Hager, E. T. Hammond. J. W . Knapp, F. E. Mills, Clarence Schray Frank A. Stolte, J. I. Van Keuren, Arthur E. Hurd, E. I. Dail, Earl W . Goodnow, John Affeldt, Jr., Bruce E. Anderson. Statement September 29, 1931. Liabilities. Resources. Loans, viz.: Notes receivable, industrial plan ............................................ Notes receivable oth er............... Real estate m ortgage b o n d s ... Due from banks in reserve cities Cash on hand ............................... Checks and other cash items Banking house leasehold im provement ...................................... Other real estate ........................... Furniture and fixtures................. Other assets ............................. . T otal ............................................ $640,881 77,259 26,717 47,377 6,695 1,722 34 50 21 29 16 9,952 4,157 6,059 1,751 21 12 78 31 68 $822,573 60 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, earned (net) Reserve for taxes, interest, etc. Discount collected un ea rn ed ... Repayments on lo a n s................. Savings investment b ook s........ Savings investment certificates Thrift savings c lu b ....................... T otal ............................................ $125,000 50,000 20,439 15,438 29,154 252,325 218,353 103,376 8,485 00 00 30 37 58 93 59 56 27 $822,573 60 No. 697. PEOPLES STATE SAYINGS BA N K , LANSING. Organized July 24, 1922. V . V . M o u l t o n , P r e s id e n t j W m . T . S h a w , E x e c u t iv e V ic e P r e s id e n t ; C. E . E c k e r , V ic e P r e s i d e n t ; H . D . K n ic k e r b o c k e r , C a s h ie r ; R o y R . L e e , A ssista n t C a s h ie r ; L l o y d G . A v e r y , A u d ito r. D i r e c t o r s .— W . E. McNamara, V. V. Moulton, W . T. Shaw, C. E. Ecker, J. B. Porter, L. G. Reutter, Bruce Anderson, Lee E. Cahill. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ................... Exchanges for clearing house: Commercial ................................. Total cash on hand: Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate........................... Outside checks and other cash items .............................................. T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $590,579 65 146,271 93 219,789 88 330,000 00 92,975 OO 90,896 32 6,650 00 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Demand certificates of deposit Certified checks ....................... .. Cashier’ s checks ........................... Savings deposits (book account) Savings certificates of deposit Club savings dep osits................. Bills payable ................................... Other liabilities ........................... $100,000 OO 70.000 00 16,662 17 699,676 279,722 353 16,427 383,193 12,899 42,747 35.000 3,875 30 88 30 50 66 04 00 00 61 14,253 04 18,147 50,000 126 53,328 19,463 27,508 72 00 80 77 17 95 566 23 $1,660,557 46 Total $1,660,557 46 169 STATE BANKS OF M ICHIGAN No. 271. LAPE ER SAVINGS BANK , LAPEER. Organized September 16, 1902. G e o r g e R. B u c k , P r e s i d e n t ; C . W . S m i t h , J. H . C o l e , P ic e P r e s i d e n t s ; T . G . C a l e y , V i c e P r e s i d e n t a n d T r u s t O f f i c e r ; F r e d J . S t e p h e n s o n , C a s h i e r ; O m a r E . P o t t e r , G u y D. T h o m p s o n , A s s is t a n t C a sh iers. D i r e c t o r s .— M atthias Caley, George R. Buck, S. P. Selden, Chas. W . Smith, J. H. Cole, H . S. Zemmer, T. G. Caley, W . J. Abbott, G. A. Graham, C. L. Vosburgh, G. A. Powell. Statement September 29, 1931. T otal ............................................ $1,176,327 48 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $75,000 00 33,500 OO 6,661 19 9,413 60 123,098 864 1,919 629,341 198,175 2 ,530 17,628 20,000 02 20 53 41 63 25 47,000 9,940 ss Loans and discou nts: Commercial ................................. $123,584 25 Savings .............................................. 209,924 35 Real estate m ortg ages: Commercial ................................. 38,170 68 Savings .......................................... 322,134 40 Bonds and securities: Savings ................................................ 269,141 35 Due from Federal Reserve bank : Commercial ................................. 9,698 53 Savings .......................................... 26,000 00 Due from banks in reserve cities : Commercial ................................. 12,546 00 Savings .......................................... 5,000 00 U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... 29,500 00 Exchanges for clearing house: 1,261 44 Commercial ................................. Total cash on hand: Commercial ................................. 4,519 34 Savings .......................................... 20,000 00 Overdrafts ........................................ 179 22 Banking house ............................... 35,000 00 Furniture and fixtures............... 5,000 00 Other real estate........................... 13,000 OO Customers’ bonds left w ith bank for safe keeping......................... 47,000 00 Outside checks and other cash items ................................................ 112 27 Stock of Federal Reserve bank 3,300 00 T rust departm ent: Due from banks in reserve cities ............................................ 1,255 65 Liabilities. Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Certified checks ............................. Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit Club savings dep osits................. Notes and bills rediscounted.. Bills payable ................................... Customers’ bonds left with bank for safe k eeping......................... Other liabilities ............................. Trust department: Trust deposits— Totals .......... SS Resources. 1,255 65 T otal ............................................ $1,176,327 48 STATE BANKING D EPAR TM E N T 170 No. 545. THE HOME STATE BA N K , LAW RENCE. Organized March 7, 1914. M. S. F u l l e r , P r e s i d e n t ; G e o r g e R. D a t e r , V i c e P r e s i d e n t ; F r a n k D. E. A D i r e c t o r s .— nderson, A ssista n t H . F u lle r , C a sh ier; C a s h ie r . M. S. Fuller, George R. Dater, A. O. Duncombe, Alfonso Cross, Frank H. Fuller, F. J. Warner, H . R. Phillips. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................. Real estate m ortgages: Commercial .................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... Total cash on hand: Commercial .................................. Premium account ......................... Banking house ............................... Furniture and fixtures............... Other real estate........................... Customers’ bonds left with bank for safe keeping......................... Outside checks, revenue stamps and other cash item s............... Total ............................................ $96,230 3,442 60,750 46,884 100,670 10,086 21,600 6,492 40 4,500 1,200 15,379 $25,000 00 Capital stock paid i n .. 06 12,500 00 Surplus fund ................................. Undivided profits, n e t. 4,973 32 46 ' Reserved for taxes, interest, 45 depreciation, etc......... 8,600 00 Commercial deposits subject to check ................................................ 65 75,081 16 72 Demand certificates of deposit 68,029 44 Cashier’s checks ........................... 500 00 18 Savings deposits (book account) 100,104 95 Savings certificates of deposit 68,854 74 Bills payable ................................. 5,000 00 OO Customers’ bonds left with bank for safe k eeping........ 42,560 OO 44 60 00 00 95 42,560 00 1,366 10 $411,203 61 T otal ............................................ $411,203 61 No. 721. LENNON STATE BANK , LENNON. Organized November 6, 1924. P eter B. L e n n o n , P r e s i d e n t ; C h a s . N. T a l b o t , V i c e P r e s i d e n t a n d C a s h i e r ; H . M . S c o t t , A ssista n t D i r e c t o r s .— C a sh ier. Harry L. Mann, Peter B. Lennon, Charles N. Talbot, Geo. W . Hoffner. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortg age s: Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand: Savings .......................................... Overdrafts .............„ ........................ Banking house ............................... Furniture and fixtures............... Customers’ bonds left with bank for safe keeping......................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $29,581 55 19,961 20 3,880 OO 2,145 33 5,717 87 2,000 00 3,149 28 4,361 1,032 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Commercial deposits subject to check .............................................. Cashier’ s checks ........................... State moneys on d eposit.......... Savings deposits (book account) Savings certificates of deposit Customers’ bonds left with bank for safe keeping......................... $20,000 00 3,000 00 1 ,156 58 T otal ............................. .............. $73,007 28 16,943 34 67 90 2,500 00 21,985 82 6,203 64 1,150 00 26 31 26 50 1,150 00 $73,007 28 STATE BANKS OF M ICHIGAN 171 No. 724. LEROY STATE BANK , LEROY. Organized March 16, 1925. F. S h e l a n d e r , P r e s i d e n t ; F eed D i r e c t o r s .— C. A. S t i l e s , C a s h i e r ; W m . M. P o r t e o u s , V i c e P r e s i d e n t W m . M. Porteous, Fred F. Shelander, W m . H . Rowe, C. A. Stiles, Lars P. Lind quist, F. G. Lindell, V. R. Davy. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg ages: Commercial ................................. Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve c itie s: Commercial ................................. Savings .......................................... Total cash on hand: Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures.............. Customers’ bonds left with bank for safe keeping......................... Outside checks and other cash items .................... $47,462 36 8,968 51 8,725 00 1,700 00 55,000 00 3,000 00 16,259 25 2,000 2,420 100 2,600 1,000 Capital stock paid i n .. $20,000 Surplus fund ................................. Undivided profits, n e t. 3,045 Commercial deposits subject to check ...................................................... Savings deposits (book account) Savings certificates of deposit Customers’ bonds left with bank for safe keeping........ 20,950 38,622 14 58,087 68 24,222 99 00 00 85 00 00 00 20,950 00 242 39 $170,428 36 Total 00 5 ,500 00 55 T otal ............................................ $170,428 36 No. 8. THE PEOPLES B A N K OF LESLIE. Organized December 24, 1886. J. T A rthur D i r e c t o r s .— uttle, P r e s id e n t; M. L. Cam pbell, V ic e P r e s id e n t; A. L. D o w l in g , C a sh ier; H . G. H a m i l t o n , A s s i s t a n t C a s h ie r . Arthur J. Tuttle, M. L. Campbell, A. L. Dowling, Grace Tuttle Annis, E. T. Blackmore. Statement September 29, 1931. Resources. Loans and discou nts: Commercial .................................. Savings .......................................... Real estate m ortgages: Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... T otal cash on h a n d : Commercial .................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate........................... Customers’ bonds left with bank for safe keeping......................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $105,406 25 6,660 45 17,531 29 113,182 69 4,000 00 16,000 00 14,530 84 25,900 00 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Commercial deposits subject to check ................................................ Certified checks ........................... Tim e commercial certificates of deposit .......................................... Savings certificates of deposit Customers’ bonds left with bank for safe k eepin g......................... $25,000 00 12,500 00 1,423 70 110,943 88 10 OO 18,404 68 157,968 11 4,400 00 500 00 6,544 223 4,525 195 11,050 86 58 00 00 41 4,400 OO $330,650 37 T otal $330,650 37 STATE BANKING D EPAR TM E N T 172 No. 621. STATE B A N K OF LEVERIN G, LEVERIN G. Organized October 28, 1918. R. G. M a c k e y , P r e s i d e n t ; C. W . R e e d , V i c e P r e s i d e n t ; R o y L. R a y m e r , C a s h i e r ; B. M. M o y e r , A s s i s t a n t C a s h ie r . D i r e c t o r s .— C. A. Cole, L. G. Balch, C. W . Reed, Roy L. Raymer, R. G. Mackey, J. J. Walker. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg age s: Commercial ................................. Savings ............................. ............ Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Total cash on hand: Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate........................... Customers’ bonds left with bank for safe keeping....................... $51,966 39 17,779 00 3,400 00 2,915 58 16,872 50 17,276 94 2,745 62 4,041 1,733 615 $20,000 00 7,000 00 191 82 36,243 26,693 843 2,500 25,936 23 03 18 00 48 9,750 00 60 18 25 30 00 9,750 00 $129,157 74 Total Capital stock paid i n ..................... Surplus fund ................................. Undivided profits, n e t................. Commercial deposits subject to check ................................................ Demand certificates of deposit Cashier’s checks ........................... State moneys on dep osit............ Savings deposits (book account) Customers’ bonds left' with bank for safe keeping ....................... $129,157 74 Total No. 184. LEXING TO N STATE BANK , LEXINGTON. Organized January 29, 1896. Jo h n D P N ig g e m a n ir e c t o r s — A. E J r ., P r e s i d e n t ; M . J . C r u i c k s h a n k , C a sh ie r ; B . B . S h ip l e y , A ssista n t V ic e P r e s id e n t ; C a sh ier. A. R . Schell, Sleeper, John P. Niggeman, Jr., W aldo E. W ixson, M. J. Cruickshank, A. R. Schell. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................. Real estate m ortg a g e s: Savings .......................................... Bonds and securities: Commercial .................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... Total cash on h a n d : Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate ........................... Outside checks and other cash items ................................................ T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $100,812 42 54,440 03 50,700 00 25,500 00 10,442 16 5,513 08 12,150 OO Capital stock paid i n ................... Surplus fund .................................. Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check .............................................. Cashier’ s checks ........................... Tim e commercial certificates of deposit ............................................ Savings deposits (book account) Savings certificates of deposit Bills payable .................................. Other liabilities ........................... $20,000 00 5,000 00 784 27 2,200 00 50,492 13 1,193 77 67,550 17,187 97,992 10,000 1,457 19 98 04 00 72 5,413 85 100 57 2,500 00 2,150 00 4,034 84 101 15 $273,858 10 T otal $273,858 10 173 STATE BANKS OF M ICHIGAN No. 770. LINCOLN STATE BANK, LINCOLN. Organized March 20, 1930. A. B. S l e e p e r , P r e s i d e n t ; F. W . M e r r i c k , V i c e P r e s i d e n t ; W . G. A S o w d e r , A ssista n t D i r e c t o r s .— nderson, C a sh ie r ; E. A. C a s h ie r . A. E. Sleeper, F. W . Merrick, N. J. Oliver, James Baldwin, W . G. Anderson. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg ages: Commercial ................................. Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on h a n d : Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Customers’ bonds left with bank for safe keepin g......................... Outside checks and other cash items ................................................ Total ............................................ $48,421 98 20,823 25 853 61 15,356 04 28,500 00 5,055 90 8,829 36 2,581 1 7,000 1,500 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t.............. Commercial deposits subject to check ................................................ Time commercial certificates of deposit ............................................ Savings deposits (book account) Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... Other liabilities ........................... $20,000 00 4.000 00 1,686 98 23,956 16 7,221 16 73,519 01 9.000 00 300 00 27 16 20 00 00 00 300 00 488 13 $139,710 47 $139,710 47 Total No. 761. LINDEN STATE BAN K , LINDEN. Organized June 13, 1929. B. R. S l e e m a n , P r e s i d e n t ; P . H . C o n k l i n , V ic e P r e s i d e n t ; E . P . J a m e s o n , V i c e P r e s i d e n t a n d C a s h i e r ; C a r r i e R. W i l e s , A s s * a n t C a s h i e r . D i r e c t o r s .— E. P. Jameson, M. J. Runyan, Edw ard>^&ey, B. R. Sleeman, P. H . Conklin, Austin Bowles, M. W . Johnson. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg ages: Savings .......................................... Bonds and securities:. Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Expenses, interest and taxes paid exceeding earn ings........ Banking house ............................... Furniture and fixtures............... Customers’ bonds left with bank for safe keeping ....................... Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $29,844 18 3,004 07 5,900 00 18,272 82 24,358 36 31,527 07 23,523 58 Capital stock paid i n ................... Surplus fund ................................. Commercial deposits subject to check .............................................. Savings deposits (book account) Savings certificates of deposit Club savings d eposits................. Customers’ bonds left with bank for safe keeping......................... $25,000 00 6,250 00 72,322 24,122 22,410 1,224 20 86 76 45 500 00 2,059 31 5,000 00 171 67 1,778 69 4,462 55 1,427 97 500 00 $151,830 27 T otal $151,830 27 174 STATE BANKING D EPAR TM E N T No. 533. THE STATE B A N K OF LINWOOD, LINWOOD. Organized January 9, 1913. W m . B. H enry, L D i r e c t o r s .— P r e s id e n t; J o se p h A . V ic e P r e s id e n t ; A in t s , O u il l e t t e , V ic e P r e s id e n t an d C a s h ie r ; J . P r o v o , J r ., A s s i s t a n t C a s h ie r . H enry B. u gust Henry B. Lints, Joseph C. Hirchfield, W . B. Henry, Clias. L. Hess, Joseph A. Ouillette, Randall E. Graves. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ....................... Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial .................................. Savings .......................................... Banking house ............................... Furniture and fixtures............... Other real estate ......................... Due from banks other than in reserve cities ............................. T otal ............................................ $34,730 87 27,187 27 4 4 H 47 44,671 33 10,850 00 39,698 75 2,677 07 22,074 01 1,811 5,000 2,000 1,500 3,000 10 00 $20,000 00 Capital stock paid i n .. 5,500 00 Surplus fund .................... Undivided profits, n e t. 1,293 31 Commercial deposits subject to 34,066 24 check ................................................ Demand certificates of deposit 36100 Cashier’s checks ........................... 215 59 Savings deposits (book account) 124,255 98 532 50 Club savings d eposits.. Notes and bills rediscounted.. 3,387 25 10,000 00 Bills payable ................................. Customers’ bonds left with bank for safe keeping...... 300 00 00 00 00 300 00 $199,911 87 T otal ............................................ $199,911 87 No. 408. LITCHFIELD STATE SAYINGS BANK , LITCHFIELD. Organized August 3, 1908. Ch as. G. S h e r k , P r e s i d e n t ; W . R. F r e e m a n , V i c e P r e s i d e n t ; H . W . D e n h a m , C a s h i e r ; R. L. F D i r e c t o r s .— ogel, A ssista n t C a s h ie r . Chas. G. Sherk, J. H. Randall, W . R. Freeman, John Van W ert, F. A. Gordon, J. W . Lambright. Statement September 29, 1931. Resources. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg age s: Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ................... T otal cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate ........................... Customers’ bonds left with bank for safe keeping......................... Outside checks and other cash items ................................................ T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $133,500 11 32,893 96 7 050 00 76,325 45 16,500 OO 25,500 OO 18.317 20 7,000 00 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................. Commercial deposits subject to check ................................................ Demand certificates of deposit Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit Bills payable ................................. Customers’ bonds left with bank for safe kee'ping......................... $25,000 00 12,500 00 3,867 20 88,734 39,152 509 116,481 37,687 20,000 25 10 78 24 41 00 24,400 00 11,000 00 2 ,4 3 5 32 1,449 80 3,750 3,938 4,160 24 92 00 78 00 24,400 00 31 00 $368,331 98 Total $368,331 98 STATE BANKS OF M ICHIGAN 175 No. 360. THE CITY STATE B A N K OF LOWELL. Organized January 29, 1907. R. V a n D y k e , P r e s i d e n t ; W . T. C o n d o n , D. G. L o o k , V i c e P r e s i d e n t s ; H a r r y D a y , C a s h i e r ; W D i r e c t o r s .— m . V an V o rst, A ssista n t C a s h ie r . R. Van Dyke, W . T. Condon, D. G. Look, John A. Arehart, Harry Day, L. E. Lampkin, H. L. Weekes. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................... Savings ............................................ Real estate m ortg age s: Savings .......................................... Bonds and securities: Savings ............................................ Due from Federal Reserve b a n k : Commercial .................................... Savings ............................................ Due from banks in reserve citie s: Commercial ................................... Savings ............................................ Exchanges for clearing house: Commercial ................................. T otal cash on hand: Commercial .................................... Savings ............................................ Overdrafts ........................................ Banking house................................. Furniture and fixtures................. Other real estate................. Customers’ bonds left with bank for safe keeping........................... Stock of Federal Reserve bank. T o ta l.............................................. $148,824 53 76,521 42 147,814 93 207,955 40 4,668 81 17,000 OO 5,131 98 7,729 28 1,220 59 8,353 5,000 557 6,500 2,647 1,214 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks............................... State moneys on d eposit............ Savings deposits (book account) Savings certificates of deposit. Notes and bills red iscounted ... Customers’ bonds left with bank for safe keeping........................... $25,000 00 25,000 00 4,021 48 T o ta l.............................................. $652,139 52 15,000 00 103,055 24 11,008 44 2,358 88 10,000 00 346,843 66 81,619 66 18,732 16 9 ,500 00 51 00 30 OO OO 77 9 ,5 0 0 00 1,500 OO $652,139 52 No. 111. THE LO W ELL STATE BAN K , LOWELL. Organized January 6, 1891. C. D H . R u n c i m a n , P r e s i d e n t ; P . C. P e c k h a m , E . R . K n i f f i n , V i c e P r e s i d e n t s ; F . H . S w a r t h ou Tj C a s h i e r ; D . A . W i n g e i e r , A s s i s t a n t C a s h ie r . N. E. Borgerson, E. R. Kniffin, Dudley H . W aters, P. C. Peckham, C. H . Runci man, J. P. Freeman, F. H . Swarthout, H. J. Englehardt. i r e c t o r s .— Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings ............................................ Real estate m ortgages : Commercial .................................... Savings ............................................ Bonds and securities : Commercial .................................... Savings ............................................ Due from banks in reserve cities : Com m ercial..................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on hand : Commercial .................................... Savings.............................................. Overdrafts .......................................... Premium account........................... Banking house................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $127,961 06 47,228 71 20,833 00 208,868 91 91,511 41 64,327 75 10,824 58 2,027 94 20,350 00 3,845 12,000 304 663 17,772 6,825 9,879 23 OO 00 95 35 48 83 Capital stock paid i n ..................... Surplus fu n d ...................................... Undivided profits, n e t................... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks............................... Cashier’s checks............................... State moneys on d eposit............. Savings deposits (book account) Savings certificates of deposit. Bills pay ab le...................................... Customers’ bonds left with bank for safe keeping........................... Other liab ilities............................... $30,000 00 15,000 00 6,112 44 7,000 00 64,368 41 115,236 93 683 35 133 11 10,000 00 355,212 82 421 69 41,000 00 24,600 00 55 45 24,600 00 $669,824 20 T otal ............................................ $669,824 20 176 STATE BANKING D EPARTM EN T No. 239. LUDINGTON STATE BAN K , LUDINGTON. Organized May 11, 1901. One Branch. W D arren A. C a r t i e r , P r e s i d e n t ; J o s e p h S a h l m a r k , M. B. D a n a h e r , V i c e P r e s i d e n t s ; O r m a l C . Z o o k , C a s h i e r ; E . A . M i l l e r , A s s i s t a n t C a s h i e r ; G u y L. D o d d , A u d i t o r . Warren A . Cartier, M. Bluemstock, M. B. Danaher, Joseph Sahlmark, F. B. i r e c t o r s .— Olney, Ray Cartier, O. A. Starke, Frank W . Hawley, Bernard Ostendori, John Pehrson, A. W . Church, Ormal C. Zook. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................... Savings ............................................ Real estate m o rtg ages: Commercial ................................... Savings ............................................ Bonds and securities: Savings ............................................ Due from Federal Reserve bank : Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ Exchanges for clearing house: Savings ............................................ Total cash on h a n d : Commercial ................................... Savings ............................................ Overdrafts ........................................ Banking house................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... Outside checks and other cash items ................................................ Stock of Federal Reserve bank Other asse ts........................................ Trust departm ent: Securities ........................................ Liabilities. $233,112 51 156,224 09 11,911 49 288,999 18 638,192 83 23,000 00 39,346 82 31,503 40 135,093 58 1,234 23 30,716 54,816 176 52,568 39,089 33,620 09 89 19 44 25 93 $100,000 50,000 17,061 47,414 84 279,795 61 6 00 1,559.78 6,327 68 1,140,705 85 140,169 99 33,050 00 13,434 50 40,746 57 33,050 00 11 63 4,500 00 13,434 50 49,670 63 T otal ............................................ $1,870,272 68 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ..................... Surplus fu n d ...................................... Undivided profits, n e t................... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks............................... Due to other banks and bankers Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping........................... Other liab ilities............................... Trust department: Trust deposits— T o ta ls ............ Total ............................................ $1,870,272 68 177 STATE BANKS OF MICHIGAN No. 759. LUTHER STATE BAN K , LUTHER. Organized May 13, 1929. C. W . M cP h a il , P r e s id e n t; R. J. S m i t h , V i c e P r e s i d e n t ; H D i r e c t o r s .-— C. omer, A ssista n t R. J. B r a d f o r d , C a s h i e r ; H. L. C a s h ie r . W . McPhail, R. J. Smith, R. J. Bradford, George Cutler, Bari Fairbanks, H. J. Hollister. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................... Savings ............................................ Real estate m ortg age s: Savings ............................................ Bonds and securities: Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ....................... Total cash on h a n d : Commercial ................................... Savings ............................................ Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Due from banks other than in reserve cities................................. Customers’ bonds left with bank for safe keeping........................... Outside checks and other cash items ................................................ Total ............................................ $37,073 19 36,305 01 22,315 26 4,835 56 22,300 00 4,024 08 5,600 00 3,000 00 2,883 2,000 34 7,850 2,200 Capital stock paid i n ..................... Surplus fu n d ..................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc...........................N Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks............................... Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping........................... Other liabilities............................... $20,000 00 5,500 00 937 28 500 00 25,455 12 13,104 89 459 42 85,712 20 57 08 900 00 120 22 91 00 67 00 00 1,353 10 900 00 71 43 $152,746 21 Total ............................................ $152,746 21 No. 503. M cBA IN STATE BANK , M cBAIN. Organized M ay 1, 1912. D O. O. D u n h a m , P r e s i d e n t ; J a y H. T a y l o r , V i c e P r e s i d e n t ; Jos. S c h e p e r s , C a s h ie r . O. O. Dunham, Jay H. Taylor, C. D. Stocker, L. Kleinhesselink, Jos. Schepers. i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discou nts: Commercial .................................... Real estate m ortg ages: Savings ............................................ Bonds and securities: Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial .................................... Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $88,459 03 39,851 90 11,000 00 60,500 00 27,712 47 7,000 00 14,400 00 6,119 63 9,500 3,500 3,362 Capital stock paid i n ... $20,000 Surplus fu n d .................... 10,000 Undivided profits, n e t. 397 Reserved for taxes, interest, depreciation, etc......... 6,266 Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks............. 4 Cashier’s checks............. 1,506 Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keepin g......... 1 ,1 0 0 00 00 98 37 59,984 03 52,314 41 00 83 39,331 85 81,663 19 00 31 40 00 00 55 1 ,1 0 0 00 $272,568 66 T otal ............................................ $272,568 66 178 STATE BANKING D EPAR TM E N T No. 765. NEFF STATE BANK , M cBRIDE. Organized October 12, 1929. W D il l ia m A. Shafer, i r e c t o r s .— P r e s id e n t; C a sh ie r ; M J acob yrtle M . N e f f , V ic e P r e s id e n t ; S e r e n u s C a r p e n t e r , A s s i s t a n t C a s h ie r . D. K etchdm , Jacob M. Neff, Franklin J. Synder, Huldrich Newman, W illiam A. Shafer, Glenn Gardner, James F. Crum, Clyde McCrea. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial .................................... Savings ............................................ Real estate m ortgages : Savings . ........................................ Bonds and securities : Savings ...............: ........................... Due from banks in reserve cities : Commercial .................................... Savings ............................................ T otal cash on hand : Commercial .................................... Savings ............................................ Overdrafts .......................................... Furniture and fixtures................. Other real estate............................. T otal ............................................ $41,723 68 20,408 86 80,410 01 43,600 00 1,000 00 7,359 72 499 5,000 299 2,000 3,096 Capital stock paid i n ... $20,000 Surplus fu n d .................... 5,000 Undivided profits, n e t. 1,078 Reserved for taxes, interest, depreciation, etc......... 43 Commercial deposits subject to check ................................................ Savings deposits (book account) Savings certificates of deposit. Bills p ay ab le................... 10,000 00 00 28 40 29,989 30 42,381 01 96,905 79 00 34 00 25 00 92 $205,397 78 T otal ............................................ $205,397 78 No. 756. M ACKINAC ISLAND STATE BAN K , M ACKINAC ISLAND. Organized September 11, 1928. Paul D H. D , P r e s i d e n t ; G e o r g e B. T r u s c o t t , S a r a M. D o h e r t y , V i c e P r e s i d e n t s ; J o h n R . G o o d m a n , C a s h i e r ; M a e C. K i r b y , A s s i s t a n t C a s h ie r . Paul H . Deming, Eugene J. Lachance, James F. Cable, George B. Truscott, Joseph Fitzpatrick, Sara M. Doherty, James W . Murray. e m in o i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts: C o m m e rc ia l.................................... Savings ............................................ Real estate m ortgages : Savings ............................................ Bonds and securities : Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ Total cash on hand : Commercial .................................... Savings ............................................ Overdrafts .......................................... Furniture and fixtures................. Outside checks and other cash items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $42,103 92 12,425 00 2,062 50 48,500 00 35,000 00 Capital stock paid i n ..................... Surplus fu n d ...................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks............................... Savings deposits (book account) $20,000 00 5,000 00 6,542 99 T otal ............................................ $233,942 06 94,930 33,847 1,535 72,085 87 78 00 42 57,681 10 15,000 00 11,414 7,597 46 1,937 97 92 76 81 172 08 $233,942 06 STATE BANKS OF M ICHIGAN 179 No. 744. M A C K IN A W CITY STATE SAYINGS BANK , M A C K IN A W CITY. Organized June 25, 1927. W m . J. R y a n , P r e s i d e n t ; C. Y . T r u m b u l l , V i c e P r e s i d e n t ; V. D. B a r n e t t , C a s h i e r ; H D i r e c t o r s .— artwell, A ssista n t L ee C a s h ie r . W illiam J. Ryan, W ard I. W aller, Louis H . Liebeck, Clark Y . Trumbull, Joseph Fitzpatrick, Richard G. Hayes, A. C. Tiffany. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial .................................... Savings ............................................ Real estate m ortg age s: Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ....................... T otal cash on hand: Commercial .................................... Overdrafts .......................................... Furniture and fixtures................... Customers’ bonds left with bank for safe keeping........................... T otal ............................................ $61,612 32 11,430 OO 14,084 61 47,985 00 13,006 06 10,000 00 5,154 00 Capital stock paid i n ..................... Surplus fu n d ...................................... Undivided profits, n e t................... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks............................... Cashier’s checks............................... Savings deposits (book account) Customers’ bonds left with bank for safe keeping........................... $20,000 00 5,400 00 9 06 800 00 67,401 79 9,790 36 10 00 2,200 47 69,631 19 1,563 00 9,671 69 49 19 2,250 OO 1,563 00 $176,805 87 T otal ............................................ $176,805 87 No. 130. THE AN TRIM COUNTY STATE SAVINGS BA N K , MANCELONA. Organized December 28, 1891. I. N. R o d e n b a u g H j P r e s i d e n t ; S i d n e y W. D i r e c t o r s .— A. N eeson, M e d a l i e , V i c e P r e s i d e n t ; E. L. J. C a r l t o n N e e l a n d , A s s i s t a n t C a s h ie r s . M il l s , C a sh ier; I. N. Rodenaugh, W allace W eatter, I. Saperston, Sidney Medalie, H. B. Losey, E. L. J. M ills, J. W . Mathewson. Statement September 29, 1931. Resources. Loans and discou nts: C o m m e rc ia l................................... Savings ............................................ Real estate m ortgages: Savings ............................................ Bonds and securities: Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : C o m m e rc ia l.................................... Savings ............................................ Banking house................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left w ith bank for safe keeping........................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $177,012 77 107,005 95 22,148 20 56,000 00 140,000 00 38,245 23 35,725 10 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................... Dividends unpaid........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks............................... Savings deposits (book account) Savings certificates o f deposit. Customers’ bonds left with bank for safe keeping........................... $25,000 25,000 2,620 4,000 00 00 00 00 168,860 34 81,429 91 6,135 08 156,389 61 153,398 28 193,350 00 450 00 9,097 10,000 7,000 1,963 18,184 85 00 OO 90 22 193,350 OO $816,183 22 Total ............................................ $816,183 22 STATE BANKING D EPARTM EN T 180 No. 242. PEOPLES BA N K , MANCHESTER. Organized August 8, 1901. J. A. Lowery, L. W hitney Watkins, P. A. Scheurer, Hiram Parr, P. A. Lehman, C a s h i e r s L. P. W u r s t e r , H . D. H a a r e r , A s s i s t a n t C a s h i e r s . D i r e c t o r s .— J. A. LoAvery, L. Whitney W atkins, P. A. Scheurer, Hiram Parr, F. A. Lehman, W illiam Haeussler, Chas. E. W altz, W alter Luckhardt, Carl Wuerthner. D i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................... Savings ............................................ Real estate m ortgages: Commercial ................................... Savings ............................................ Bonds and securities: Savings ............................................ Due from Federal Reserve bank : Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Exchanges for clearing house: Commercial .................................... Total cash on h a n d : Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... Stock of Federal Reserve bank T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $88,816 48 41,539 02 5,712 04 128,454 76 182,000 00 7,563 74 1 1,200 00 Capital stock paid i n ................... Surplus fu n d ...................................... Undi\rided profits, n e t................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks............................... Savings deposits (book account) Savings certificates of deposit Customers’ bonds left with bank for safe k eeping........................... $25,000 00 25,000 00 24,014 33 76,742 12,063 500 379,002 29,441 20 70 00 65 57 4,500 00 4,109 14 43,379 95 25,150 00 290 09 3,436 34 10 ,0 0 0 00 112 89 10,0 0 0 00 5,500 00 3,000 00 4,500 00 1,500 00 $576,264 45 Total ............................................ $576,264 45 181 STATE BANKS OF MICHIGAN No. 172. UNION SAVINGS BANK, MANCHESTER. Organized June 23, 1894. E d. D i r e c t o r s .— E. R oot, P r e s id e n t ; J o h n W u e r t h n e r , M . P . A l b e r , V ic e P r e s id e n t s ; C a s h i e r ; P . J . B r e i t e n w i s c h e r , L . A . M a r x , A s s i s t a n t C a sh iers. B. C. R o o t , John Wuerthner, E. F . Horning, A. J. W aters, A. D . English, Ed. E. Root, M . P . Alber, Wm. J. Sclilicht, Theo. J. Kuhl, H. A. Horning. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages : Commercial .................................... Savings ............................................ Bonds and securities: Savings ............................................ Due from Federal Reserve bank : Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ..................... Exchanges for clearing house: Savings ............................................ Total cash on hand : Commercial ................................... Savings ............................................ Overdrafts .......................................... Premium account........................... Banking h ouse................................. Furniture and fixtures................. Other real estate............................. Stock o f Federal Reserve bank Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $108,289 04 68,119 00 10,950 00 188,024 87 241,352 93 Capital stock paid i n . $25,000 00 Surplus fu n d ................................... .. 50,000 00 Undivided profits, n e t. 31,955 15 Commercial deposits subject to check ................................................ 91,886 30 Demand certificates of deposit 42563 Savings deposits (book account) 491,665 28 Savings certificates of deposit. 64,805 94 6,500 00 20,610 82 11,944 85 25,131 08 38,500 00 203 15 3,000 OO 6,456 84 139 07 66 65 11,0 0 0 00 1,700 (K) 11,500 00 2,250 00 $755,738 30 T otal ............................................ $755,738 30 182 STATE BANKING D EPAR TM E N T No. 116. THE M ANISTEE COUNTY SAYIN GS BAN K , M ANISTEE. Organized December 31, 1890. Joseph K ir s t e r , C h a irm a n of th e B oard. W . J. G r e g o r y , P r e s i d e n t ; R o l f N i e l s e n , V i c e P r e s i d e n t ; O. F. L u n d b o m , C a s h i e r ; C. E. F D i r e c t o r s .— oy, A s s i s t a n t C a s h ie r . Joseph Kirster, Rolf Nielsen, B. D. Noud, W . J. Gregory, Frank Filer, John H. Rademaker, Max E. Neal. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................... $617,791 27 Savings ............................................ 545,476 92 Real estate m ortg age s: Savings ............................................ 194,723 75 Bonds and securities: Commercial .................................... 5,500 00 Savings ............................................ 1,886,231 78 Due from Federal Reserve bank : Commercial .................................... 50,000 00 Savings ............................................ 80,000 00 Due from banks in reserve cities : Commercial .................................... 232,715 28 Savings ............................................ 65,500 00 Exchanges for clearing house: Commercial .................................... 3,388 60 T otal cash on h a n d : Commercial .................................... 48,036 98 Savings ............................................ 150,292 87 Overdrafts .......................................... 994 67 50,000 00 Banking house................................. Other real estate............................. 15,200 10 Due from banks other than in reserve cities................................. 5,105 18 Customers’ bonds left with bank for safe keeping........................... 249,000 00 Outside checks and other cash 4,823 87 items .......... Stock of Federal Reserve bank 9,000 OO Other a sse ts........................................ 7,800 00 $200,000 00 Capital stock paid i n ......... Surplus fu n d ........................... 100,000 00 Undivided profits, n e t......... 110,716 19 Reserved for taxes, interest, depreciation, etc................. 45,000 00 Commercial deposits subject to check ................................................ 566,827 90 Certified checks..................... 343 80 Cashier’s checks..................... 4,655 72 Due to other banks and bankers 15,012 34 Savings deposits (book account) 2,599,075 26 Savings certificates of deposit. . 280,854 61 Club savings d eposits......... 50,095 45 Customers’ bonds left with bank for safe keeping.......................... 249,000 00 Total ............................................ $4,221,581 27 T otal ............................................ $4,221,581 27 No. 21. THE M ANISTIQUE BANK, M ANISTIQUE. Organized April 22, 1889. Oren D G. Q u i c k ., P r e s i d e n t ; P a u l R . B a l d w i n , V i c e P r e s i d e n t ; E . A n d e r s o n , A s s i s t a n t C a s h ie r . i r e c t o r s .— C. L . Sm it h , C a sh ier; R oy E. W . Miller, Oren G. Quick, Chas. R. Orr, Robt. B. Waddell, Paul R. Baldwin. Statement September 29, 1931. Resources. Loans and discounts : Commercial .................................... Real estate m ortgages : Savings ............................................ Bonds and securities: Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ....................... T otal cash on hand : Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house.................................. Furniture and fixtures................. Other real estate............................. Due from banks other than in reserve cities................................. T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $376,475 39 151,515 44 150,000 OO 554,225 55 64,842 01 1,278 30 Capital stock paid i n ..................... Surplus fu n d ...................................... Undivided profits, n e t................. Commercial deposits subject to check ................................................ Certified checks............................... Cashier’s checks............................... Savings deposits (book account) Savings certificates of deposit. Bills p ayab le...................................... $50,000 00 70,000 OO 2,416 13 485,882 150 5,310 598,046 84,429 104,500 35 00 18 26 65 00 39,692 81 4,949 15 2 2 ,0 0 0 00 872 60 2 0 ,0 0 0 00 7,500 OO 6,885 34 497 98 $1,400,734 57 T otal $1,400,734 57 STATE BANKS OF M ICHIGAN 183 No. 595. THE STATE SAYINGS B A N K OF M ANISTIQUE. Organized M ay 7, 1917. W m . J. S h i n a r , P r e s i d e n t ; G. S. J o h n s o n , V i c e P r e s i d e n t ; H . K . B u n d y , C a s h i e r ; L. E. M D i r e c t o r s .— W m. ales, A s s i s t a n t C a s h ie r . J. Shinar, G . S . Johnson, August Carlson, John Girvin, J. W . Gilligan. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: C o m m e rc ia l.................................... Savings ............................................ Real estate m ortgages: Savings ...................... Bonds and securities: Commercial ................................... Savings ............................................ Due from banks in reserve citie s: Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... T otal cash on h a n d : . Commercial .................................... Savings ............................................ Overdrafts .......................................... Premium account........................... Expenses, interest and taxes paid exceeding earn ings........... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... T otal ............................................ $90,213 49 57,816 06 24,947 18 8,842 20 122,620 25 32,497 90 28,116 80 $25.000 00 Capital stock paid i n . Surplus fu n d .................... 7,800 00 Dividends unpaid......... 360 00 Reserved for taxes, interest, depreciation, etc......... 557 86 Commercial deposits subject to check ................................................ 107,884 16 Cashier’s checks.............. 3,318 16 Savings deposits (book account) 232,208 64 Savings certificates of deposit. 44,605 43 Customers’ bonds left with bank for safe keeping......... 1,650 00 37,450 00 5,528 5,000 237 102 25 00 89 00 967 59 1 00 7,393 64 1,650 00 $423,384 25 T otal ............................................ $423,384 25 No. 296. THE M ANTON STATE BA N K , MANTON. Organized July 27, 1904. John A. M D uche, i r e c t o r s .— I. P r e s id e n t; Fay G e o . H . B a y e s , V i c e P r e s i d e n t ; I. F a r d H o r t o n , A s s i s t a n t C a s h ie r . Horton, Jno. A . M u c h e , George I L Horton. ay H orton, C a sh ier; C. H ow Bayes, W . S . W illiam s, C . Howard Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages: Savings ............................................ Bonds and securities: Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial .................................... Banking house.................................. Furniture and fixtures................. Customers’ bonds left with bank for safe keeping........................... Outside checks and other cash items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $97,448 88 11,000 00 34,098 49 19,350 00 63,200 00 11,253 40 13,000 00 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Demand certificates of deposit. U. S. Government d eposits........ Tim e commercial certificates of deposit , .......................................... Savings deposits (book account) Savings certificates of deposit. Club savings d eposits................... Customers’ bonds left with bank for safe keeping........................... $25,000 00 8,000 00 2,370 01 T otal ............................................ $279,183 79 53,961 03 27694 7,767 47 66,493 74 104,128 92 79408 741 60 9,650 00 8,556 22 6,650 00 4,747 50 9,650 00 229 30 $279,183 79 184 STATE BANKING D EPAR TM E N T No. 659. THE FIRST STATE BANK , M APLE RAPIDS. Organized October 2, 1920. R. D. R i c e , P r e s i d e n t ; H. A. A D i r e c t o r s .— n n is , V ic e P r e s id e n t and C a sh ier; L. L. F r i s b i e , A s s i s t a n t R. D. Rice, Defor S. Bottum, J . M . Roberts, Otto Bullis, H . A. Annis. Statement September 29, 1931. Resources. Liabilities. Loans and discou n ts: Commercial .................................... Savings ............................................ Real estate m ortg age s: Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ...................... Total cash on hand : Commercial .................................... Savings ............................................ Overdrafts .......... « ........................... Banking house................................. Furniture and fixtures................. Customers’ bonds left with bank for safe keeping........................... T otal ............................................ G. $76,388 65 24,000 00 22,415 39 20,225 37 8,148 13 3,422 65 250 00 1,514 2,000 164 6,600 3,310 87 00 30 OO OO Capital stock paid i n . $20,000 Surplus fu n d .................... 4,625 Undivided profits, n e t. 1,357 Reserved for taxes, interest, 1,938 depreciation, etc......... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks.............. 91 Savings deposits (book account) Savings certificates of deposit. Bills p ayab le.................... 7,250 Customers’ bonds left with bank for safe keeping.......... 65,400 00 00 29 80 56,423 32 19,357 09 01 52,418 61 4,978 24 00 00 65,400 00 $233,839 36 Total ............................................ $233,839 36 No. 198. W. JONES EXCHANGE BAN K , MARCELLUS. Organized June 26, 1897. D o n n a V . S c h u r t z , P r e s id e n t ; H a r l e y A . C a u l , V ic e P r e s id e n t ; C a r r o l l B . J o n e s , C a s h ie r ; N e l l i e R e m i n g t o n , C. I. L u t i n , A s s i s t a n t C a s h i e r s . i r e c t o r s .— Harley A . Caul, Donna V . Schurtz, Carroll B . Jones, Mrs. G . W . Jones, Mrs. D C. S. Jones. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages : Savings ............................................ Bonds and securities : Commercial .................................... Savings ............................................ Due from Federal Reserve bank : Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ....................... Total cash on hand: Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house................................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... Outside checks and other cash items Stock of Fédérai Reserve bank T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $210,208 64 102,003 29 116,743 45 58,000 00 45,500 00 17,151 30 3,601 06 1,041 21 6,203 21 Capital stock paid i n ................... Surplus fu n d ..................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Cashier’s checks............................... Tim e commercial certificates of deposit ............................................ Savings deposits (book account) Savings certificates of d e p o s it.. Club savings d eposits................... Customers’ bonds left with bank for safe keeping........................... $40,000 00 40,000 00 4,226 67 135,992 78 2,132 84 102,568 58 231,474 82 67,567 91 1,352 75 69,600 00 3,650 00 8,878 22,604 216 8,500 18,149 51 47 20 00 52 69,600 00 3T5 49 2,400 OO $694,916 35 Total $694,916 35 185 STATE BANKS OF M ICHIGAN No. 747. STATE B A N K OF MARCELLUS, MARCELLUS. Organized January 8, 1927. R C W D h it e n ig h t i r e c t o r s .— R. , P r e s i d e n t ; D. B. G o o d s p e e d , V i c e P r e s i d e n t a n d A u d i t o r ; C a s h i e r ; M a y A. Pro w d l ey , A s s i s t a n t C a s h ie r . C. W hitenight,, D. B. Goodspeed, Sadie F. C. Prowdley. M. Shellito, F. C. P r o w d l e y , May A. Prowdley, Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................... Savings ............................................ Real estate m ortgages: Commercial .................................... Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Savings ............................................ Total cash on h a n d : Commercial .................................... Overdrafts .......................................... Expenses, interest and taxes paid exceeding earn ings.......... Banking house................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... $23,097 08 3,850 00 275 91 1,396 37 3,900 00 5,035 93 $20,000 00 5,000 OO 12,407 842 1,564 10,557 146 64 63 16 85 00 20,100 00 7 95 2,825 15 37 32 2,183 5,950 1,788 186 70 00 26 51 20,100 00 $70,626 23 Total Capital stock paid i n ................... Surplus fu n d ...................................... Commercial deposits subject to check ................................................ Cashier’s checks............................... Savings deposits (book account) Savings certificates of deposit. Club savings d eposits................... Customers’ bonds left with bank for safe keeping........................... Other liabilities............................... $70,626 23 Total No. 122. THE M ARIN E SAYINGS BA N K , M ARIN E CITY. Organized August 21, 1891. P H ale D i r e c t o r s .— Saph P r e s i d e n t ; F. W . B e c k e r , V i c e P r e s i d e n t ; J o h n L. C a r m e n , a n d C a s h i e r ; J . N . B a t e s , A s s i s t a n t C a s h ie r . V ic e P r e s id e n t Chas. Basney, Hale P. Saph, T. E. De Gurse, F. W . Becker, John L. Carman, John Volker, J. H. Kleinhower, M. F. Zimmermann. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................... Real estate m ortgages : Commercial .................................... Savings ............................................ Bonds and securities: Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ..................... Exchanges for clearing house: Commercial ................................... Total cash on hand : Commercial .................................... Sayings ............................................ Overdrafts .......................................... Banking house................................. Due from banks other than in reserve cities................................. Outside checks and other cash items ................................................ Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $94,601 35 3,598 19 255,297 35 20,000 00 183,211 93 32,655 85 22,772 61 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................. Dividends unpaid Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks............................... Cashier’s checks............................... Savings deposits (book account) Club savings d eposits................... $50,000 25,000 14,533 48 00 00 48 00 2,350 00 102,280 1,280 23 904 557,750 15,055 58 00 80 47 31 60 98,438 74 688 52 15,536 53 2 0 ,0 0 0 00 106 05 20,000 00 1,455 89 863 23 $769,226 24 Total $769,226 24 186 STATE BANKING D EPAR TM E N T No. 346. THE M ARIO N STATE BAN K , M ARION. Organized July 25, 1906. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................... Real estate mortgages : Commercial ....................... Savings ....................... .. Bonds and securities : Commercial ............................... Savings ......................................’ ' ' Due from banks in reserve cities : Commercial ............................... Savings ........................................ ’ U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ..................... Total cash on hand : Commercial ....................... Savings ............................... Banking house................................’ Furniture and f ix t u r e s .... Other real estate....................... Customers’ bonds left with bank for safe keeping........................... T otal $76,489 81 3,850 00 15,346 00 12,000 OO 60,700 00 26,395 95 306 23 Capital stock paid i n .......... Surplus fu n d ............................... Undivided profits, n e t................. Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks............................... Savings deposits (book account) Customers’ bonds left with bank for safe keeping........................... $20 ,0 0 0 00 2 0 ,0 0 0 00 3,951 86 61,003 37,605 741 94,581 21 97 78 47 2.250 00 27,600 OO 5,246 30 1,000 00 6.600 OO 750 00 1.600 00 2,250 00 $240,134 29 Total $240,134 29 No. 252. COMMERCIAL STATE B A N K M ARLETTE, M ARLETTE. Organized January 6, 1902. A . E . S l e e p e r , P r e s i d e n t ; J o h n H . H a n l e y , D. S. M C a s h i e r ; H u g h M c L e o d , R o y M c D o n a l d , E. V ic e P r e s id e n t s - D r m ™ ,,, W . K i t e l e y ? A s s i s t a n t é c S h i? r s ’ D i r e c t o r s . - A . E. Sleeper, D. C. Merrill, D. S. McClure. J. H a n ley Harold Doyle. cClure, Statement September 29, 1931. Resources. Loans and discounts : Commercial ............................... Savings ............................... .. Real estate m ortgages : Savings ............................................ Bonds and securities : Savings ............................................ Due from banks in reserve cities : Commercial ............................... Savings ........................................ Exchanges for clearing house: Savings ............................................ Total cash on hand : Commercial .................................... Savings .................................... Overdrafts ......................................' ' Banking house............................... ’ Furniture and fixtures............... Other real estate......................... T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $103,949 02 185,106 77 184,164 46 151,000 00 32,705 14 33,720 44 Capital stock paid i n ........ Surplus fu n d ............ Undivided profits, n e t .. ! ! ........... Commercial deposits subject to check ......................... Cashier’s checks Savings deposits (book account) Savings certificates of deposit. Aotes and bills rediscounted Bills p ayable...................................... $40,000 00 13,000 00 4,942 29 125,095 2,213 382,370 140,252 28,500 25,000 64 97 18 63 OO 00 518 34 362 12,481 99 11,500 3,500 42,266 88 66 05 00 00 95 $761,374 71 Total $761,374 71 1 87 STATE BANKS OF M ICHIGAN No. 448. *THE BE RLIN STATE BAN K , M ARNE. Organized January 11, 1910. F rank J. G o o d e n o w , P r e s id e n t; A l l e n C a sh ier; W i l l i a m C. B u t t e r f i e l d , V ic e P r e s i d e n t ; C h a s . T e r A v e s t , A s s is t a n t C a sh ier. P. G oodenow , D i r e c t o r s .— Frank J. Goodenow, Charles P. Goodenow, W e . Riemersma, Allen C. Butterfield, W illiam Rasch. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................... Savings ............................................ Real estate m ortg ages: Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve c itie s: Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial .................................... Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Customers’ bonds left with bank for safe keeping........................... $34,745 20,415 74,690 32,500 6,557 975 $2 0 ,0 0 0 00 6,500 00 4,893 72 Capital stock paid i n ................... Surplus fu n d ...................................... 00 Undivided profits, n e t................... 64 Commercial deposits subject to check ................................................ 08 Savings deposits (book account) Savings certificates of deposit. 00 Bills pay ab le...................................... 75 ■ Customers’ bonds left with bank for safe k eeping........................... 04 29,336 48 71,583 96 47,560 74 6 ,0 0 0 00 22,850 00 3,000 00 6 ,8 8 6 30 5 09 3,400 00 2,700 00 22,850 00 T otal ............................................ $208,724 90 T otal ............................................ $208,724 90 ♦Closed December 18, 1931. No. 100. THE M ARQUETTE COUNTY SAVINGS BANK , MARQUETTE. Organized June 28, 1890. H. L. G. Y . K a u f m a n , V i c e P r e s i d e n t s ; G. A. C a r l s o n , E. B a r b e r , A s s i s t a n t C a s h ie r . i r e c t o r s . — H . L. Kaufm an, E. J. Hudson, G. A. Carlson, Edw. S. Bice, C. L. Brainerd, Louis G. Kaufman, G. Y. Kaufman. K a u f m a n , P r e s id e n t; E. J. C a sh ier; O D H u dson , sw a l d Statement September 29, 1931. Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 400,875 75 401,673 30 103,974 35 78,195 01 37,419 63 $109,000 50,000 58,954 480,398 117 2,173 55,423 653,214 20 2,718 92 :g g ? 8 § $219,799 31 82,556 50 Capital stock paid i n ................... Surplus fu n d ..................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Certified checks............................... Cashier’ s checks............................... Due to other banks and bankers Savings deposits (book account) Savings certificates of deposit. 8S8 Liabilities. Resources. Loans and discounts: Commercial ........................... . Savings ............................................ Real estate m ortgages: Savings ............................................ Bonds and securities : Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Exchanges for clearing house: Commercial .................................... Total cash on h and: Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house.................................. Outside checks and other cash items ................................................ 22,905 00 2,360 49 27,795 20 2 0 ,0 0 0 00 312 33 5,000 oo 132 10 $1,402,998 97 Total $1,402,998 97 188 STATE BANKING D EPAR TM E N T No. 137. THE COMMERCIAL SAYINGS BANK , M ARSHALL. Organized February 2, 1892. AY. T. P h e l p s , P r e s i d e n t j C h a s . L. D i b b l e , V i c e P r e s i d e n t ; E. F. W D i r e c t o r s .— eber, L. C a sh ier; C arl AV. T. Phelps, F. G. Seaman! Chas ^°P .' (Y o k !*Chas. L. Dibble, Manlius M. Perrett, F. D. Schafer, Chas. C. Smith, F. S. Deuel, T. J. Swartwout. Statement September 29, 1931. Resources. Liabilities. $332,955 52 16,949 61 287,949 08 307,688 00 22,000 00 14,632 10 2,909 99 87,760 88 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Savings deposits (book account) Club savings d eposits................... Bills p ay ab le..................................... Customers’ bonds left with bank for safe keeping........................... $100,000 29,675 32,979 383 Loans and discounts: Commercial .................................... Real estate m ortg ages: Commercial .................................... Savings ............................................ Bonds and securities : Savings ............................................ Due from Federal Reserve bank : Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ Exchanges for clearing house: Savings ............................................ Total cash on h a n d : Savings ............................................ Overdrafts .......................................... Banking house................................. Other real estate............................. Due from banks other than in reserve cities................................. Customers’ bonds left with bank for safe keeping........................... Outside checks and other cash items ................................................ Stock of Federal Reserve bank 12 ,0 0 0 00 255,985 33,511 654,285 12,477 11,000 64 26 00 61 00 4,100 00 44 49 22,176 406 24,000 17,591 29 84 00 24 1,089 50 4,100 00 160 60 3,600 OO Total ............................................ $1,146,014 14 T otal ............................................ $1,146,014 14 No. 632. THE M A R Y SV ILLE SAVINGS BAN K , M AR Y SV ILLE . Organized October 28, 1919. J ohn C. B a r r o n , P r e s i d e n t ; C. J. S t r o b e l , V i c e P r e s i d e n t ; M a r y E. M c C o r m i c k , C a s h ie r . D i r e c t o r s .— John C. Barron, C. H. W ills, C. J. Strobel, W . W . Gaskins, C. C. Peck. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... Real estate m ortgages : Savings ............................................ Bonds and securities : Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ Total cash on hand: Commercial .................................... Savings ............................................ Overdrafts .......................................... Furniture and fixtures................. Other real estate............................. Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $134,397 25 24,107 33 33,550 OO 12,187 50 14,911 52 1,643 33 4,021 2,000 1,106 680 18,008 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................... Dividends u n p a id ........................... Commercial deposits subject to check ................................................ Cashier’s checks............................... Savings deposits (book account) Savings certificates of deposit. $50,000 25,000 1,023 82 00 00 70 50 144,640 475 21,914 3,475 23 71 50 85 10 OO 06 00 40 $246,612 49 Total ............................................ $246,612 49 189 STATE BANKS OF M ICHIGAN No. 22. THE FARM ERS BANK , MASON. Organized June 7, 1886. A. M cD o n a l d , P r e s id e n t; A . J. H all, V ic e P r e s id e n t ; L . R . A s s i s t a n t C a s h ie r . W h it e , C a sh ier; F. W. H a iik - n ess, D i r e c t o r s .— L. B. McArthur, A. J. H all, A. McDonald, L. T. Lasenby, J. E. Taylor, L. H. Harrison, L. R. W hite. E. M. Salisbury, J. N. Baker, A. G. W ilson, Mae Vaughn, H . E. Neely, N. N. Rouse, J. B. Dean. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................... Savings ............................................ Real estate mortgages : Commercial .................................... Savings ............................................ Bonds and securities : Commercial ................................... Savings ............................................ Due from Federal Reserve bank : Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ....................... Exchanges for clearing house : Commercial .................................... Total cash on hand : Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Customers’ bonds left with bank for safe keeping........................... Stock of Federal Reserve bank $163,340 81 125,101 77 12.575 00 82,001 76 10,112 50 86.575 00 14,090 64 10,500 00 47,046 19 22,073 23 $50,000 00 20,000 00 26,092 37 6,000 00 178,991 54 110 725 502 144,104 188,831 51 00 75 61 36 70 17 4,250 OO 6,800 00 754 10 12,326 10,000 75 6,000 4,000 37 OO 10 00 00 4,250 00 1,950 OO $619,662 47 Total Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks............................... Cashier’ s checks............................... U. S. Government dep osits........ Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping........................... $619,662 47 Total No. 107. THE FIRST STATE AND SAVINGS BA N K , MASON. Organized October 21, 1890. L. C. W D ebb, i r e c t o r s .— P r e s i d e n t ; H a r r y J. B o n d , A. A. B e r g m a n , V i c e P r e s i d e n t s ; C. L. B i c k e r t , C a s h i e r ; E a r l A. D u n s m o r e , A s s i s t a n t C a s h i e r . L. C. Webb, H. J. Bond, H. O. Halstead, A. A. Bergman, F. E. Searl, C. L. Bickert, L. W . Rayner. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages : Commercial .................................... Savings ............................................ Bonds and securities : Savings ............................................ Due from Federal Reserve bank : Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ Exchanges for clearing house: Commercial ................................... Total cash on hand : Commercial ................................... Savings ............................................ Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Other real estate............................. Stock of Federal Reserve bank. Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $146,830 08 37,085 00 12,748 64 176,583 87 76,229 96 Capital stock paid i n ..................... Surplus fu n d ...................................... Undivided profits, n e t................... Commercial deposits subject to check ........................... .................... Tim e commercial certificates of deposit ............................................ Savings deposits (book account) Savings certificates of d ep osit.. $25,000 00 15,000 00 10,802 66 129,062 76 94,748 04 178,419 20 125,324 95 15,479 03 9,200 00 32,987 43 25,000 00 602 94 1 ,2 0 2 20 15,000 00 74 11,500 4,504 12,130 06 00 40 00 1 ,2 0 0 00 $578,357 61 Total $578,357 61 190 STATE BANKING DEPARTMENT No. 656. THE M A TTA W A N STATE BAN K , M ATTAW A N . Organized October 6, 1920. A ndrew D i r e c t o r s .— H . C a m p b e l l , P r e s id e n t; J o h n H unt, V ic e P r e s id e n t ; F rank. S a c k e t t , C a s h ie r . Andrew H . Campbell, John Hunt, Frank Sackett, Chas. R. Morrison Wheeler. O B. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................... Real estate m ortg ages: Savings ............................................ Bonds and securities: Commercial .................................... Savings ........................................' Due from banks in reserve cities : Commercial ............................. Savings ........................................” Total cash on h a n d : Commercial .................................... Overdrafts ...................................... Banking house................. Furniture and fixtures................. Customers’ bonds left with bank for safe keeping........................... Outside checks and other cash items ..................................... Total $35,641 31 21,875 00 30,500 00 15,300 00 1,805 82 3,068 29 4,283 252 2,750 2,939 14 52 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Savings deposits (book account) Savings certificates of deposit. Bills p ay ab le...................................... Customers’ bonds left with bank for safe keeping........................... $ 20,000 00 6,500 00 1,323 23 21,035 11,374 24,635 18,632 15,000 60 29 18 73 00 4,655 00 00 15 4,655 00 85 80 $123,156 03 Total $123,156 03 No. 708. PEOPLES STATE BAN K , M AYBEE. Organized August 25, 1923. L eonard R e is e r , P r e s id e n t ; H e r m a n W . H a r p s t , V ic e P r e s id e n t ; R u s s e l l R e is e r , C a s h ie r N o r m a n J e n n i n g s , A s s i s t a n t C a s h i e r ; G r o v e r J. H o c h r a d e l , A u d i t o r J D\raiiam 1T ~H frh «tr'w i n w T ’r H ?rma.n W . Harpst Clement E. Hochradel, Bernard J. Liedel, William J. Herbst, W illiam L. Jennings, Daniel Halsey, Russell Reiser, Grover J. Hochradel. Statement September 29, 1931. Resources. Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $40,766 15 24,580 00 81,730 07 76,774 85 25,113 77 Capital stock paid i n ................. Surplus fu n d ...................................... Undivided profits, n e t........... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Savings deposits (book account) Savings certificates of deposit. $20 , 000' 10,000 3,219 ggg Loans and discounts: Commercial ............................... Savings ..........................................’ Real estate m ortg ages: Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial ................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Savings ............................................ Banking house................................. Furniture and fixtures................. Other a s s e t s ...................................... 2,500 00 62,920 125 101,527 79,049 28 37 55 58 18,300 OO 4,859 3,500 1,400 2,318 02 00 00 28 $279,342 14 Total $279,342 14 191 STATE BANKS OF MICHIGAN No. 509. THE M A Y V IL L E STATE BA N K , M A Y VILLE. Organized September 1, 1915. M a u r i c e C. E v e l a n d , P r e s i d e n t ; W a l t e r D i r e c t o r s .— Maurice C. Eveland, Robert E. H u n t , V i c e P r e s i d e n t ; E . J. K i t c h e n , C a s h ie r . Eveland, W alter E. Hunt, Edgar D . Cartwright, E. J. Kitchen. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: C o m m e rc ia l.................................... Savings ............................................ Real estate m ortgages : Commercial ................................... Savings ............................................ Bonds and securities : Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ........ ............ T otal cash on hand : Commercial .................................... Savings ............................................ Overdrafts .............................. Expenses, interest and taxes paid exceeding earnings........ Banking house................................. Furniture and fixtures................. Due from banks other than in reserve cities................................. Customers’ bonds left with bank for safe keeping........................... Total ............................................ $92,784 45 60,891 39 15,480 00 133,784 48 155,420 00 38,738 59 23,081 71 Capital stock paid i n ..................... Surplus fu n d ..................................... Dividends unpaid........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Savings deposits (book account) Savings certificates of deposit. . Customers’ bonds left with bank for safe keeping........................... Customers’ liquidated U. S. bonds $25,000 00 10,000 OO 6,000 00 142,185 2,321 192,335 224,345 67 40 44 50 26,400 00 6,400 00 53,100 00 18,729 43 2,000 00 295 71 3,296 25 6,000 00 1,866 00 3,120 00 26,400 OO $634,988 01 Total $634,988 01 No. 615. MECOSTA COUNTY STATE BANK , MECOSTA. Organized April 6, 1918. B r o m l e y , P r e s i d e n t ; J o s e p h S. B a u m a n , V i c e P r e s i d e n t ; G l e n n S o p h i a S. B a u m a n , A s s i s t a n t C a s h ie r . Enoch Bromley, W m . B. Henry, Joseph S . Bauman, Glenn E noch D i r e c t o r s .— Henry. C. M il l e r , C a sh ie r ; C. Miller, Christina Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Real estate m ortg ages: Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... T otal cash on h a n d : Commercial ................................. Savings .......................................... Banking house ............................. Furniture and fixtures.............. Other real estate........................... Customers’ bonds left w ith bank for safe keeping......................... Customers’ acceptances and letters of credit........................... Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $49,993 61 15,184 17 65,329 27 8,314 14 7,839 15 800 OO 2,508 69 5,000 OO Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................. Commercial deposits subject to check ................................................ Demand certificates of deposit Certified checks ............................... Cashier’s checks ........................... Savings deposits (book account) Customers’ bonds left with bank for safe keeping......................... Customers’ acceptances and letters of credit......................... $20,000 00 8,000 00 1,731 10 29,991 24,972 5 547 74,041 48 25 70 00 50 550 00 1,540 00 2,200 00 1,900 00 220 00 550 00 1,540 00 $161,379 03 Total $161,379 03 192 STATE BANKING D EPAR TM E N T No. 775. *M ELVIN D A LE STATE BAN K , M ELVIN D A LE. Organized April 28, 1931. H erman K D i r e c t o r s .— alm bach , P r e s id e n t; E rnest G . L ie b o l d , C a s h ie r . V ic e P r e s id e n t; G rover C. A t j te n , W m . B. Mayo, Edsel Ford, Herman Kalmbach, Clarence B. Parker, Henry L. Burdeno, M. B. W allace, Ernest G. Liebold. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages: Savings ............................................ Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Savings .......................................... Expenses, interest and taxes exceeding earnings ................. Furniture and fixtures............... Outside checks and other cash items ................................................ Accrued interest, receivable (net) ................................................ Other assets .................................... Total ............................................ $13,239 11 402 41 39,391 08 26,675 55 25,004 25 9,848 71 1,829 77 605 17 Capital stock paid i n ................... Surplus fund ................................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit Club savings d eposits................. Bills payable ................................. Other liabilities ............................. $25,000 00 12,500 00 153,223 3 1,023 171,926 41,000 4,704 245,000 71,875 88 00 38 82 00 64 00 00 70 00 546 04 608,554 63 $726,256 72 Total ............................................ $726,256 72 ♦Commenced business May 15, 1931. No. 334. THE M EM PHIS STATE BANK , M EMPHIS. Organized April 16, 1906. W. T hom as D i r e c t o r s .-— M c C a l l , P r e s i d e n t ; C h a r l e s E. G r e e n e , E. A. B a r t l e t t , V i c e P r e s i d e n t s ; H e n r y M. B r o w n , C a s h i e r ; G r a n t C. B a r t l e t t , A s s i s t a n t C a s h i e r Thomas W . McCall. Charles E. Greene, E. A. Bartlett, Lincoln Avery, F. R. Schell, George E. Haedicke, Fred R. Likins. Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Real estate m ortgages: Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings ................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ..................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate........................... Customers’ bonds left with bank for safe keeping......................... Other assets ................................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $69,755 46 9,900 00 82,640 13 4,975 00 22,859 50 6,806 29 3,100 00 6,700 00 4,185 4,000 240 7,500 1,515 13,084 Capital stock paid i n ................... Surplus fund .................................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Demand certificatesof deposit Certified checks ............................. Cashier’s checks ........................... Savings deposits (book account) Bills payable ................................. Customers’ bonds left with bank for safe keeping ....................... $20,000 00 5,500 00 2,554 66 31,423 56,631 58 1,309 113,274 8,455 86 32 78 78 14 53 15,700 00 85 00 71 00 00 99 15,700 00 1,945 14 $254,908 07 Total ............................................ $254,908 07 STATE BANKS OF M ICHIGAN 193 No. 168. THE FIRST STATE BA N K OF MENDON. Organized January 9, 1894. F rank D W o l f _, P r e sid e n t; i r e c t o r s .— E. L. E s t e s , V ic e P r e s id e n t ; C h a s . G . D a n l e y , A s s i s t a n t C a s h ie r . H. R ogge, C a sh ie r ; F lo r en ce Frank W olf, M. A. Butler, E. L. Estes, Chas. H. Rogge, J. M. Estes. Statement September 29, 1931. Resources. Liabilities. Loans and discounts. Commercial .......................... Sayings .......................................... Real estate m ortg ages: Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings ....... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts .......................................... Banking house .......................... Furniture and fixtures................. Customers’ bonds left with bank for safe keeping......................... T otal ............................................ $37,328 96 47,173 00 62,937 38 53,466 22 114,002 08 7,172 38 60,891 06 $30,000 OO Capital stock paid i n ... Surplus fund ................................. 15,000 00 1,870 81 Undivided profits, n e t. Reserved for taxes, interest, depreciation, etc......... 3,000 OO Commercial deposits subject to check ................................................ 66,013 53 Demand certificates of deposit 1,224 09 Savings deposits (book account) 152,572 97 Savings certificates of deposit 157,626 24 Customers’ bonds left with bank for safe keeping......... 36,250 00 17,950 00 2,000 18,339 146 4,400 1,500 00 85 71 00 00 36,250 00 $463,557 64 Total ............................................ $463,557 64 No. 324. THE COMMERCIAL BA N K OF MENOMINEE. Organized M ay 27, 1905. One Branch. F rank D X. S t . P e t e r , P r e s id e n t ; H o w a r d E . N a d e a u , V ic e P r e s id e n t an d C a s h ie r ; 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 s s is t a n t C a sh iers. Frank X . S t . Peter, Robert A . Walker, John H . Riley, Chas. G . Janson, Howard E . Nadeau, H. A . Vennema, Louis Kreuz, F. J. DuBrucq. i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages: ‘ Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Exchanges for clearing house: Commercial ................................. Savings. ........................................ Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................. Furniture andfixtures.................. Other real estate........................... Due from banks other than in reserve cities ............................. Outside checks and other cash items ................................................ Stock in FederalReserve bank Trust department : Due from b an k s........................... Liabilities. $392,916 29 116,451 97 149,539 69 53 35 384,641 25 38,000 00 20,148 43 57,459 21 38,522 02 300 88 20,253 10 22,551 75,518 167 52,296 8,538 6,258 66 45 55 60 84 77 $100,000' 50,000 12,674 50 00 00 56 00 5,000 00 287,540 62 27,027 93 928 00 5,577 57 23,359 81 50,000 00 74,515 13 750,153 76 13,260 55 1,815 98 11,242 44 727 43 4,500 OO 1,815 98 T otal ............................................ $1,401,903 91 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................. Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Demand certificates of deposit Certified checks ............................. Cashier’s checks ........................... Due to other banks and bankers State moneys on deposit ........ Time commercial certificates of deposit ............................................ Savings deposits (book account) Club savings d eposits................. Trust department: Trust deposits— T otals ........... Total $1,401,903 91 194 STATE BANKING DEPARTM EN T No. 285. STATE B A N K OF M ERRILL, M ERRILL. Organized February 21, 1904. John B D o u t in i r e c t o r s .— , P r e s id e n t; C arl H W illiam H. H. . W h it n e y , V i c e P r e s i d e n t ; E. A s s i s t a n t C a s h ie r . S. B e a v e r , C a s h i e r ; L e o n o r a atzenbuh ler, Pahl, R. T. Maynard, James H . McSweyn, Carl H. Whitney. Hudson, John Boutin, Donald Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Real estate m ortgages: Commercial ................................. Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial ................ Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Other real estate ........................... Customers’ bonds left w ith bank for safe keeping........................... Outside checks and other cash items ...................... T otal ............................................ $154,758 30 2,596 00 108,740 04 144,000 00 11,930 45 18,468 82 $40,000 00 Capital stock paid i n ................... Surplus fund ................................. 12,500 00 Undivided profits, n e t. 10,612 09 Commercial deposits subject to check ................................................ 59,829 72 Demand certificates of deposit 51,709 51 2,781 03 Cashier’s checks ........................... Savings deposits (book account) 255,043 03 Savings certificates of deposit . 2,664 05 Bills p ay ab le...................................... 65,000 00 Customers’ bonds left with bank for safe k eeping......................... 6,350 00 19,850 00 7,098 13 7,000 2,500 22,865 60 59 00 00 25 6,350 00 318 38 $506,489 43 T otal ............................................ $506,489 43 No. 642. FARM ERS AND M ERCHANTS STATE BANK, MESICK. Organized April 1, 1920. M. D L. W P r e s i d e n t ; C. R . B e l l , V i c e P r e s i d e n t ; L e w i s M. H i l t o n , C a s h i e r ; E. D, H i l t o n , A s s i s t a n t C a s h ie r . M. L. W illiam s, Samuel Toman, A. D. Crimmins, R. J. Smith, C. R. Bell, Lewis M. Hilton, C. W . McPhail. il l ia m s , i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortg age s: Savings .. . ................................. Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Other real estate............................. Customers’ bonds left with bank for safe keeping......................... Outside checks and other cash items ................................................ T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $60,638 20 6,215 16 14,477 64 5,000 00 6,500 00 8,574 38 7,000 00 Capital stock paid i n .. $20,000 Surplus fund ................................. Undivided profits, n e t.. 655 Reserved for taxes, interest, depreciation, etc......... 2 ,0 0 0 Commercial deposits subject to check ................................................ Demand certificates of deposit Cashier’s checks ............................. Savings deposits (book account) Customers’ bonds left with bank for safe keeping........ 4,000’ 00 5.500 00 72 00 36,927 34 26,568 34 17 70 27,581 01 00 300 00 309 5,000 18 2,500 1,500 1,097 09 00 50 00 00 80 4,000 00 119 34 $123,250 11 Total $123,250 11 STATE BANKS OF M ICHIGAN 195 No. 423. THE M ETAM ORA STATE SAYINGS BAN K , M ETAM ORA. Organized January 27, 1909. F. D J. L a id l a w , P r e s id e n t; i r e c t o r s .— A rthur L yle J. A S c h a n c k , V ic e l l e n , A ssista n t P r e sid e n t; C a s h ie r . F red T. D onner, C a sh ier; F. J. Laidlaw, Arthur J. Schanck, Kobt. J. Gardner, A. P. Stocker, George A. Rossman, M. N. Kelley, John P. Robertson. Statement September 29, 1931. Resources. Liabilities. Loans and discou nts: Commercial ................................. Savings .......................................... Real estate m ortg ages: Commercial ....................... Savings .......................................... Bonds and securities: Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial ................................. Overdrafts ........................................ Banking house .......................... Furniture and fixtures.................. Customers’ bonds left with bank for safe keeping......................... Outside checks and other cash items ................................................ Other assets .................................... T otal ............................................ $96,804 51 13,470 80 l 861 86 57,821 51 49,363 05 11,107 78 21,105 45 7,050 00 6,429 50 11,800 2,000 19 90 00 00 $20,000 00 Capital stock paid i n .. Surplus fund ................................. 12,500 OO Undivided profits, n e t. 1,078 09 Reserved for taxes, inteiest, depreciation, etc......... 3,000 00 Commercial deposits subject to check ................................................ 27,777 15 Demand certificates of deposit 58,570 80 Certified checks ............................. 385 00 lAST 1 78 Cashier’s checks ............................. Savings deposits (book account) 139,599 86 Savings certificates of deposit 78567 Bills payable ................................. 14,000 00 Customers’ bonds left with bank for safe keeping ....................... 10,450 00 10,450 00 278 70 40 60 $289,634 35 Total ............................................ $289,634 35 No. 555. *THE PEOPLES STATE B A N K OF MIDDLETON. Organized December 21, 1914. John R. H udson, P r e sid e n t; E. H. S h i n l i n e , V i c e P r e s i d e n t ; L e s l i e H . S i m m e t , C a s h i e r ; I r v in g D i r e c t o r s .— C o o k , A ssista n t C a s h ie r . John R. Hudson, E. H. Shinline, Abe Underwood, Leslie H. Simmet, James J. Cross. Statement September 29, 1931. Resources. Loans and discou nts: Commercial ................................. Real estate m ortg ages: Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings ’ .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... T otal cash on h a n d : Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Other real estate........................... Customers’ bonds left with bank for safe keeping......................... T otal ............................................ ♦Closed December 26, 1931. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $77,329 86 2,098 32 48,593 64 13,839 61 60,275 00 4,438 56 2,000 00 Capital stock paid i n .. $20,000 Surplus fund ................................... Undivided profits, n e t.. 480 Commercial deposits subject to check ................................................ Demand certificates of deposit Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit Bills payable ................................. Customers’ bonds left with bank for safe keeping......... 3,800 00 10,000 00 38 32,700 36,048 435 99,288 27,881 12,000 85 83 21 16 47 00 00 8,750 00 3,503 50 3,500 1,700 12,755 68 59 00 00 64 3,800 00 $242,634 90 Total $242,634 90 STATE BANKING DEPARTMENT 196 No. 274. FARM ERS STATE BA N K , M ID D LEV ILLE. Organized Aprii 21, 1903. A. W . D Gackler, i r e c t o r s .— A. P r e s id e n t; W. A. M. H azel G a r d n e r , V ic e P r e s id e n t ; H o l e s , A s s i s t a n t C a s h ie r . Ch as. R o b e r t s o n ., C a sh ie r ; Gackler, W . R. Harper, E . C . Jones, Henry Finkbeiner, W . J. Robertson, G. E. Gardner, A. M. Gardner. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Real estate m ortgages: Commercial ................................. Savings .......................................... Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Other real estate ......................... T otal ............................................ $69,666 37 4,391 19 237,651 55 80,250 00 19,416 01 5,000 00 4,497 153 2,000 1,000 6,850 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................. Commercial deposits subject to check ... .•*......................................... Tim e commercial certificates of deposit ...................................... Savings deposits (book account) Savings certificates of deposit Club savings d eposits................. $37,000 00 16,200 00 2,616 53 51,245 41 24,865 40,924 256,942 1,082 54 54 17 00 17 90 ÜO 00 00 $430,876 19 $430,876 19 Total No. 591. * CHEMICAL STATE SAYINGS BAN K , M IDLAND. Organized September 20, 1916. C. H . M a c o m b e r , P r e s i d e n t ; E a r l W . B e n n e t t , L. A. C h i c h e s t e r . V i c e P r e s i d e n t s ; P a u l D. B y w a t e r , C a s h i e r ; H . L. D u r b i n , G u y R o g e r s , A s s i s t a n t C a s h i e r s ; M . V. F r a n k l i n , D i r e c t o r s .— C. H. Macomber, E. W . Bennett, Thos. Griswold, Jr., James T. Pardee, L. A. Chichester, G. A. Currie, E. O. Barstow. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortg ages: Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial ................................. Savings ............................................ Overdrafts .......................................... Banking house ............................... Furniture and fixtures............... Other real estate........................... Customers’ bonds left with bank for safe keeping..................... Outside checks and other cash items ................................................ Stock of Federal Reserve bank Total $788,543 64 509,284 85 24,308 79 638,471 54 193,033 88 342,575 00 54,664 02 50,000 00 27,881 92 5,866 95 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc............... .......... Commercial deposits subject to check ................................................ Demand certificates of deposit Certified checks ........................... Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit Notes and bills rediscounted.. Customers’ bonds left with bank for safe k eeping......................... $50,000 00 25.000 00 18,586 90 10.000 00 914,691 45,000 4,061 24,267 1,499,802 164,008 99,191 51 OO 45 26 50 45 00 84,850 00 90,100 00 54,980 30,000 398 15,600 8,908 14,895 45 00 83 OO 80 48 84,850 00 2,844 92 2,250 00 $2,939,459 07 Total $2,939,459 07 ♦August 22, 1931, The Peoples State Savings Bank of Midland Co., Midland, merged with the Chemical State Savings Bank, Midland. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE BANKS OF MICHIGAN 197 No. 469. "PEOPLES STATE BA N K , M ILAN . Organized November 17, 1910. P. E. EosSj P r e s i d e n t ; W m . R. M o o r e , V i c e P r e s i d e n t j G. L. L a s k e y , E x e c u t i v e V i c e P r e s i D. L a w s o n , E x e c u t i v e V i c e P r e s i d e n t a n d C a s h i e r ; G. H . A l l e n , A s s i s t a n t d en t; John C a s h ie r . D Charles E. Denton, E. E. Ross, N. J. Laskey, G. L. Laskey, Charles W . Steidle, Jesse Button, W m . R. Moore, John D. Lawson, John Lawson, George Minto. i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities: Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .................. Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial .................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures ............... Other real estate ........................... Customers’ bonds left with bank for safe keeping......................... Outside checks and other cash items Stock of Federal Reserve bank T otal ............................................ Liabilities. $415,799 04 82,293 71 173,171 58 78,775 00 13,762 29 15,600 00 740 10 813 48 12,663 1,000 1,067 22,916 7,600 12,788 Capital stock paid i n ................... Surplus fund ................................... Undivided profits, n e t................. Dividends unpaid ......................... Commercial deposits subject to check ................................................ Demand certificates of deposit Certified checks ........................... Savings deposits (book account) Club savings d eposits................... Bills payable .................................... Customers’ bonds left with bank for safe keeping......................... $50,000 50,000 11,136 75 30 00 180,858 165,133 2 340,261 11,017 35,500 18 41 00 61 71 00 00 00 3,150 00 15 OO 77 00 00 34 3,150 00 1 993 75 3,000 OO $847,134 21 T otal ............................................ $847,134 21 *M ay 23, 1931, The Farmers & Merchants Bank, Milan, consolidated with the Milan State Savings Bank. June 4, 1931, The Milan State Savings Bank, Milan, changed its title to Peoples State Bank, Milan. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATE BANKING DEPARTMENT 198 No. 472. FIRST STATE BANK, MILFORD. Organized February 6, 1911. B. L M ark D i r e c t o r s .— id d e l l , P r e s id e n t; D e n n is B oyle, F. S. H ubbell, V ic e P r e s id e n t s ; E lm ek F ie l d , C a s h ie r . Mark B. Liddell, F. S. Hubbell, Dennis Boyle, Bert Vincent, HI T. Ross, Elmer Field. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ..................... Exchanges for clearing house: Commercial ................................. Total cash on hand : Commercial .................................. Savings .......................................... Overdrafts ........................................ Premium account ........................... Banking house ............................... Furniture and fixtures................. Other real estate.......... .................. Customers’ bonds left with bank for safe keeping......................... Stock of Federal Reserve bank. Total ............................................ $102,488 81 78,000 00 5,811 53 205,333 69 287,350 00 9,510 89 20,000 00 Capital stock paid i n .. $25,000 00 Surplus fund ................................... 25,000 00 Undivided profits, n e t. 4,779 78 Commercial deposits subject to check ................................................ 77,480 99 Demand certificates of deposit 27,216 02 State moneys on dep osit........ 24 63 Savings deposits (book account) 535,580 72 Savings certificates of deposit 89,509 36 Club savings d eposits.. 5,165 18 Customers’ bonds left with bank for safe keeping.......... 4,300 00 2,844 34 9,986 62 25,000 00 639 56 2,634 7,000 113 1,195 9,970 4,147 16,230 64 00 99 31 00 27 03 4,300 00 1,500 00 $794,056 68 T otal ............................................ $794,056 68 No. 645. M ILLBURG STATE BANK , MILLBURG. Organized November 18, 1919. H. M. W D , P r e s i d e n t ; C h a r l e s L u l l , V i c e P r e s i d e n t ; G e o . H. L a n e , C a s h i e r ; E l i z a b e t h M. K r e i t n e r , A s s i s t a n t C a s h i e r ; J. J. J a k w a y , B e n F. K r a l , A u d i t o r . Ben. F. Krai, J. C. Molter, Fred L. W est, J. J. Jakway, H. M. W ise, Chas. Lull, Geo. H . Lane, W m . Drach, James M. Rose, George S. Barnard, Win. B. Minary. is e i r e c t o r s .-— Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Real estate m ortgages: Commercial ................................. Savings .......................................... Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .................. U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ....................... Total cash on hand : Commercial ............................ Savings .......................................... Overdrafts ........................................ Banking house ............................ Furniture and fixtures.................. Other real estate............................. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $64,835 39 3,601 52 22,125 20 77,870 00 Capital stock paid i n .. $20,000 00 Surplus fund ................................. 7,400 00 Undivided profits, n e t.. 1,110 31 Commercial deposits subject to check ................................................ 113,743 17 Savings deposits (book account) 72,879 40 Savings certificates of deposit 44,342 29 Club savings d eposits.. 916 50 51,118 28 13,000 00 5,850 00 9,635 3,000 29 4,252 3,015 2,058 08 00 97 12 49 62 $260,391 67 T otal ............................................ $260,391 67 STATE BANKS OF M ICHIGAN 199 No. 413. THE STATE SAYINGS B A N K OF M INDEN CITY. Organized December 1, 1908. A lbert D Se a m a n , P r e s id e n t; Jo h n C a sh ie r ; i r e c t o r s .— W . S m i t h , J. P . M c C o y , V i c e P r e s i d e n t s ; M . J. E B. S e a m a n , A ssista n t nnest, C a s h ie r . Albert Seaman, Fred J. Kemp, John W . Smith, John P. McCoy, J. W . Zinger. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ............................ Real estate m ortgages : Commercial ............................ Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ....................... Total cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ........................... Furniture andfixtures.................. Other real estate ......................... Total $95,196 28 3,238 93 199,982 42 70,500 00 158,500 00 14,918 03 21,840 61 $30,000 Capital stock paid i n . Surplus fund ................................. Undivided profits, n e t. 3,529 Reserved for taxes, interest, 20,342 depreciation, etc........ Commercial deposits subject to check ................................................ Tim e commercial certificates of deposit ............................................ Savings deposits (book account) Savings certificates of deposit 00 13,500 00 65 25 60,858 51 91,790 44 40,657 17 382,287 71 42,550 00 8,451 5,000 80 1,800 1,400 19,507 ............................................ 49 00 32 00 00 65 $642,965 73 Total $642,965 73 No. 363. THE K E W E E N A W SAVINGS BAN K , M OHAW K. Organized January 31, 1907. J- P- P e t e r m a n n , P r e s i d e n t ; W . T. K M D i r e c t o r s .— J. in g , organ, V ic e P r e s id e n t; A s s i s t a n t C a s h ie r . A. C. M essner, P. Petermann, W . H . Thielman, Otto Sibilsky, R. L. Maurice Kenel. C a sh ie r ; C. F. Blight, W . T. King, Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities: Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept. o n ly .................... Total cash on hand : Commercial ................................. Due from banks other than in reserve cities ............................... Customers’ bonds left w ith bank for safe keeping......................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $140,728 38 23,670 48 11,900 00' 131,161 35 159,446 41 48,613 28 10,618 64 40,700 00 $25,000 00 Capital stock paid i n .. Surplus fund ................................. 25,000 00 Undivided profits, n e t.. 4,457 36 Dividends unpaid ......................... 216 OO Commercial deposits subject to check ................................................ 321,446 33 Demand certificates of deposit 25500 State moneys on d eposit....... 19 80 Savings deposits (book account) 198,881 66 Savings certificates of deposit 10,892 10 Club savings deposits. 368 55 Customers’ bonds left with bank for safe keeping ....................... 3,800 00 19,676 54 21 72 3,800 00 $590,336 80 T otal ............................................ $590,336 80 STATE BANKING DEPARTMENT 200 No. 633. M OLINE STATE BANK , M OLINE. Organized M ay 8, 1919. R obert D D. Sm it h i r e c t o r s .— , P r e s id e n t; J aco b H a v e m a n , V ic e P r e s id e n t; J o e H a v e m a n , A s s i s t a n t C a s h ie r . W alter F. R ose, C a sh ier; David G. Thaler, Jacob Haveman, Robert D. Smith, W illiam E. Gray, Albert N. Gietzen. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages: Commercial ................................. Savings .......................................... Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... Total cash on hand : Commercial ................................. Overdrafts ........................................ Furniture and fixtures............... T otal ............................................ $38,671 06 8,610 88 1,220 94 33,634 72 43,000 00 $20,000 Capital stock paid i n .. Surplus fund ................................. Undivided profits, n e t. 1,234 Reserved for taxes, interest, depreciation, etc........ 3,461 Commercial deposits subject to check ................................................ Savings deposits (book account) Savings certificates of deposit 00 6,638 66 30 17 34,916 82 62,154 46 29,820 42 6,662 49 22,449 00 3,074 94 3 80 898 00 $158,225 83 T otal ............................................ $158,225 83 No. 491. THE FARM ERS STATE BA N K , MONTAGUE. Organized October 20, 1911. John D V a n d e r w e r p ^ P r e s id e n t; H i r e c t o r s .— erman W . R u n z e l , V ic e P r e s id e n t ; A C a sh ier. dolph A nderson, John Vanderwerp, Herman W . Runzel, W illiam Van Frank, R. H. Fohlbrook, Adolph Anderson, W illiam E. Sweet. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortg age s: Commercial ................................. Savings .......................................... Bonds and securities: Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial .......... Savings .......................................... Total cash on h a n d : Commercial ................................. Savings .......................................... Overdrafts .......................................... Premium account............................. Banking house ............................... Furniture and fixtures............... T Other real estate........................... Customers’ bonds left with bank for safe keeping......................... Outside checks and other cash items .............................................. Stock of Federal Reserve bank T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $108,020 17 27,499 97 1,352 00 112,870 30 70,873 25 5,000 00' 21,065 25 2,801 06 4,772 42 Capital stock paid i n .. $25,000 Surplus fund ................................. Undivided profits, net ..... Reserved for taxes, interest, depreciation, etc......... 1 ,0 0 0 Commercial deposits subject to check ................................................ Demand certificates of deposit Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit 3,308 Club savings d ep osits. Customers’ bonds left with bank for safe keeping........ 4,500 00 12,500 00 2,356 41 00 90,754 04 3,688 99 1,275 41 162,213 46 65,552 79 46 00 424 46 4,443 32 11 38 60 30 3,500 00 1,000 00 2,249 00 4,500 00 556 68 1,150 00 $372,149 56 T otal ............................................ $372,149 56 STATE BANKS OF MICHIGAN 201 No. 511. THE MONTGOMERY STATE BAN K , MONTGOMERY. Organized June 26, 1912. G eo. L . T D anner, ir e c t o r s . P r e s id e n t; C . E . A u k e r m a n , V ic e P r e s id e n t ; W . B . L a s h , C a s h ie r ; F l o r e n c e _ A . H a y n e s , A s s i s t a n t C a s h ie r . L . Tanner, O . K . Coolman, Henry Haynes, Henry H. Bradley C E Geo. Aukerman. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages: Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Sayings ................................... Due trom banks in reserve cities : Commercial ................................. U. S. Bds. and Cert, of Ind. as legal reserve : ■ Sayings dept, o n ly ..................... T otal cash on hand : Commercial .................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping......................... Total ............................................ $51,765 26 8,050 00 5,500 OO 9,375 00 28,000 00 ’ 11,000 00 11 079 81 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................. Commercial deposits subject to ^ check ................................................ Demand certificates of deposit Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit Bills payable ................................... Customers’ bonds left with bank for safe keeping......................... $20 000 00 2,000 00 5,250 43 30,942 35 44,908 20 35 57 18,355 45 14,149 68 7,000 00 13,800 00 4,000 00 3,383 80 16 4,394 1,610 4,386 59 13 85 27 77 00 13,800 00 $156,441 68 Total ............................................ $156,441 68 No. 746. FIRST STATE SAYINGS BA N K , MORENCI. Organized July 22, 1927. G. H. R o r i c k , P r e s i d e n t ; C. M. R o r i c k , V i c e P r e s i d e n t ; A. A. T h o m p s o n , C a s h i e r • I r a G _ M e t c a l f , A. A. W e b s t e r , A s s i s t a n t C a s h i e r s J i r e c t o r s .— G. H . Rorick, C. F Buck, C. R. Kellogg, C. M. Rorick, A. V. Foster A A Kennedy, A. A. Thompson, Ira G. Metcalf, H. L. Kennedy. ~ D Statement September 29, 1931. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortg age s: Commercial ................................. Sayings .......................................... Bonds and securities: Sayings .......................................... Due from banks in reserve cities : Commercial ....................... TTS§ viS § S - L A ............................. U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... T otal cash on h a n d : Commercial .................................. Sayings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures............... Liabilities. $309,392 08 67,743 71 31,830 00 314,756 84 162,862 44 91 017 28 30; 338 38 6,478 11 15,000 00 9,210 85 110 65 24,000 00 10 772 00 Other real estate......................... 5,125 00 Outside checks and other cash items ................................................ 197 96 T otal ............................................ $1,079,435 30 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid i n .. $100,000 00 Surpius fund .................................. 32.000 00 5 065 84 Undivided profits, n e t................. Commercial deposits subject to check .......................................... 226,123 50 Certified checks ............................. 75 00 Time commercial certificates of deposit ...................................... 159,161 22 Savings deposits (book account) 272,514 37 Savings certificates of deposit 279,194 12 Club savings deposits ............... 5,301 25 T otal ............................................ $1,079,435 30 STATE BANKING D EPAR TM E N T 202 No. 551. THE MOBLEY STATE BANK, MORLEY. Organized June 20, 1914. Ch ester L Cr im K D i r e c t o r s .— , P r e s i d e n t ; W m . F. T u r n e r , J o h n W . L a t i m e r , V i c e P r e s i d e n t s ; W . T u r n e r , C a s h i e r ; V i c t o r O . W a t e r s , A s s i s t a n t C a s h ie r . m in s enneth Chester L. Crimmins, John W . Latimer, W m . F. Turner, K . W . Turner, L. S. Turner. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................. Savings .......................................... Real estate m ortgages: Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings ............................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... T otal cash on hand : Commercial .................................... Savings ........................... .............. Banking house ............................... Furniture and fixtures............... Other real estate......................... Due from banks other than in reserve cities ............ •_................ Customers’ bonds left with bank for safe keeping........................... $58,145 53 10,850 00 6,750 00 19,101 13 32,500 00 40,550 00 15,394 26 3,295 13 593 4,000 7,500 3,300 12,096 09 00 00 00 $20,0 0 0 00 7,100 00 1,318 16 3,149 90 34,143 75 53,161 25 68 28 10 ,0 0 0 00 70,881 61 12,847 58 1,689 85 3,900 00 45 284 79 3,900 00 $218,260 38 Total Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc........... .............. Commercial deposits subject to check ............................................ Demand certificates of deposit Cashier’s checks ........................... State moneys on d eposit............. Savings deposits (book account) Savings certificates of deposit Club savings d eposits................. Customers’ bonds left with bank for safe keeping ......................... $218,260 38 Total No. 763. MORRICE STATE BANK, MORRICE. Organized September 12, 1929. Sfth D O P u lver ir e c t o r s — P r e s id e n t ; A . L . B e ar d , V ic e P r e s id e n t ; L u c e in e a n d A u d i t o r ; H a r r y E. D a v i s , C a s h ie r . S c r ib n e r , V ic e P r e s id e n t W . L. Radtke, Ed. Dippy, James Cunningham, Seth Q. Pulver, A. L. Beard, Luceine Scribner, Harry E. Davis. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Real estate m ortgages: Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... T otal cash on Land : Commercial ................................. Banking house ............................... Furniture and fixtures.......... Due from banks other than in reserve cities ............................... T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $42,740 75 8,520 00 7.000 00 21,000 00 7,525 51 8.000 OO Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................. Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ........................... Savings deposits (book account) Savings certificates of deposit $20,000 00 5,000 00 2,668 98 37,490 2 351 9,677 32,449 28 50 45 15 60 5,700 00 4,170 34 1 ,500 00 1,271 91 211 45 $107,639 96 T otal $107,639 96 STATE BANKS OF M ICHIGAN 203 No. 222. CITIZENS SAVINGS BANK, MT. CLEMENS. , Organized February 6, 1900. C h a s . G . N i e m e t t a , C h a irm a n o f th e B o a rd . S. P a g a n e t t i , P r e s i d e n t ; O . C . L i t n g e r h a u s e n , S. J . D a l b y , L e s l i e U l l r i c h W m H F l o r y , H a r o l d C. E n g l u n d , C. B. A l w o o d , V i c e P r e s i d e n t s ; R. W . E p p l e r , C a s h i e r ■ A. j ! F r a z h e r , V i r g i l L. M e r c e r , A s s i s t a n t C a s h i e r s ; N e i l B e n n e t t , A u d i t o r . D i r e c t o r s .— John C . Bannow, S. J. Dalby, J. S. Paganetti, Chas. G . Niemetta, Frank W . J. Pnehs, Paul W . Schanher, A. N. Richards, Leslie Ullrich, Arthur J. Warren hausen, Harry S. Covington, Robt. B. Locke, Fred H . Talbot. O C Lunaer- Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................. $1,262,239 51 Savings .......................................... 472,388 62 Real estate m ortgages : Commercial ................................. 104,697 62 Savings .......................................... 2,256,603 37 Bonds and securities : Commercial ................................. 143,200 00 Savings .......................................... 494,767 26 Due irom Federal Reserve bank : Commercial ................................. 40,929 56 Savings .......................................... 81,000 00 Due from banks in reserve cities : Commercial ......................... 30,243 95 Savings .......................................... 216 48 Exchanges for clearing house: Commercial ................................. 3,116 89 Total cash on hand : Commercial ................................. 86,547 25 Overdrafts ........................................ 738 17 Banking house ............................... 258,220 18 Furniture and fixtures............... 36,079 03 Other real estate............................. 133,947 78 Due from banks other than in reserve cities ............................. 10,155 69 Outside checks and other cash items ................................................ 404 25 Stock of Federal Reserve bank 25,150 00 Total ............................................ $5,440,645 61 Capital stock paid i n ................... Surplus fund .................................... Undivided profits, n e t................. Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Demand certificates of deposit Certified checks ........................... Cashier’s checks ........................... Due to other banks and bankers Savings deposits (book account) Savings certificates of deposit Club savings d eposits................. Notes and bills rediscounted.. Bills payable ................................. Total $500,000 250,000 25,323 ’ 18 00 00 84 00 42,216 05 616,314 344,726 1,050 15,453 30,571 2,527,177 155,677 28,708 78,407 825,000 96 80 20 08 51 97 42 22 56 00 ............................................ $5,440,645 61 MACOMB COUNTY TRUST COMPANY, MOUNT CLEMENS. Organized May 13, 1929. C H AS. G . N i e m e t t a , P r e s i d e n t ; H e n r y O . C h a p o t o n , V ic e P r e s id e n t an d T r e a s u r e r : H a r r y E B e e c h e r , H a r r y J . D i e h l . V ic e P r e s i d e n t s ; M a c y E . W a t k i n s , E x e c u t i v e V ic e P r e s i d e n t an d T r u s t O ffic e r ; C l a r e n c e F . B a r c k , A u d ito r . H e c t o r s — Chas. G Niemetta, Harry E. Beecher, Henry O. Chapoton, H arry J. Diehl, Macv E. W atkins Louis W Pingel, Fred J. Cromie, Edw. J. Schoenherr, Henrv J. Bohn, Edward A. Heine, W m . T Kelley Spencer J. Dalby, John C. Bannow, Harry J. Donaldson Bert V Nunneley, Chas. R. W alters, Jacob Hoffman, Paul Barker, Levant E Bedell Frank E Statement September 29, 1931. Resources. Collateral lo a n s: Time ................................................ Other loans ...................................... Loans on real estate m ortgages : In office .......................................... B o n d s: In office .......................................... W ith state treasurer................. Due from other banks and bankers .......................................... Outside checks and cash items Real estate m ortgages securing debentures ...................................... Furniture and fixtures................. Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $64,218 125,908 30,401 108,372 130,440 19,045 Capital stock paid i n ................... 25 Surplus fund .................................. 73 Undivided profits (less ex penses, interest and taxes 00 Paid) ................................................ Reserve .............................................. 86 Trust deposits ............................... 63 Debentures ........................................ Bills payable ................................. 99 Certificates of dep osit................... 1332 Other liabilities ............................. $150,000 00 50,000 00 3,473 685 34,714 39,500 75,000 178,823 795 77 00 32 00 00 15 09 51,963 00 2,627 55 $532,991 33 T otal ........ ................................... $532,991 33 STATE BANKING D EPAR TM E N T 204 No. 51. THE MOUNT CLEMENS SAVINGS BANK, MOUNT CLEMENS. Organized May 30, 1877. O. C h a p o t o n , P r e s i d e n t ; G e o r g e E d w a r d A. H e i n e , C a s h i e r ; W a l t e r A s s i s t a n t C a sh iers. D i r e c t o r s .— Emory T. Nunnely, George H enry A. C h a m b e r s ., E m o r y T. N u n n e l y , V i c e P r e s i d e n t s , A. W i l l i a m s , J a c o b H . U l l r i c h , H u d s o n E. R o o d , A. Chambers, Henry G. Berry, Henry O. Chapoton, W illiam T. Kelly, Frank J. Hendrick, Edward A. Heine, Bert Nunnely. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : $796,749 76 Commercial ................................. 416,406 50 Savings .......................................... Real estate m ortgages: 117,744 40 Commercial ................................. Savings .......................................... 2,379,003 33 Bonds and securities : Savings .......................................... 1,236,047 25 Due from banks in reserve cities : 63,043 85 Commercial ................................. 14,776 03 Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve : 140,800 00 Savings dept, o n ly ..................... Exchanges for clearing house : 20,333 83 Commercial ................................. T otal cash on hand : 71,426 56 Commercial ................................. 9,346 08 Savings .......................................... 960 85 Overdrafts ........................................ 350,000 00 Banking house ............................... 42,983 42 Furniture and fixtures............... 177,601 53 Other real estate........................... Outside checks and other cash 1,094 75 items ................................................ $5,838,318 14 Total Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t................... Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc........................ Commercial deposits subject to check ................................................ Demand certificates of deposit Certified checks ............................. Cashier’ s checks ........................... Due to other banks and bankers Savings deposits (book account) Savings certificates of deposit $500,000 00 220,000 00 19,124 56 120 00 34,819 46 588,021 263,850 659 14,216 1,127 4,186,379 10,000 03 76 17 50 47 19 00 $5,838,318 14 Total No. 735. MOUNT MORRIS STATE BANK, MOUNT MORRIS. Organized January 24, 1927. A. M. D a v i s o n , P r e s i d e n t ; J e s s e l H ardy, throp, D i r e c t o r s .— V ic e P r e s id e n t ; J a m e s A s s is t a n t C a sh ier. J o y , C a sh ie r ; L. E . P a i l - A. M. Davison, Mathew Davison, Jessel Hardy, John M. Greissell, P. T. Slattery, James Joy, George W . Cook. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Savings .......................................... Due from banks in reserve cities : Commercial .................................. Savings .......................................... T otal cash on hand : Savings .......................................... Overdrafts ........................................ Furniture and fixtures............... Other real estate............................. Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $67,090 73 11,277 90 10,318 46 49,365 84 29,790 00 7,490 18 4,000 00 6,116 56 14,244 12,261 Capital stock paid i n .. $25,000 Surplus fund ................................... Undivided profits, n e t.. 2,662 Commercial deposits subject to check ................................................ Certified checks ............................. Savings deposits (book account) Savings certificates of deposit Club savings d eposits.. 3,056 Notes and bills rediscounted.. Bills payable .................................... 00 5,000 00 18 64,999 36 69,024 10,353 18 50 13 04 25 4,000 00 27,880 02 64 06 24 25 $212,011 30 Total $212,011 30 STATE BANKS OF M ICHIGAN 205 No. 170. EXCHANGE SAVINGS BANK, MOUNT PLEASANT. Organized March 5, 1894. W. D B. L e w i s , P r e s i d e n t ; B. O, H a r r i s , C. S. L a r z e l e r e , A. J . T i l m a n n , V i c e P r e s i d e n t s : C. W . R i c h e s , C a s h i e r ; J . W . J o h n s o n , W . S. H o r n , A s s i s t a n t C a s h ie r s . W . B . Lewis, E. O . Harris, Jas. B. Johnson, A . J. Tilmann, C . S . Larzelere, C . W . Riches, K . P. Brooks, J. B. McNutt, John Engler. i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts : Commercial ................................. Sayings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Savings .......................................... Exchanges for clearing house: Commercial ................................. T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Other real estate.......... ................ Customers’ bonds left with bank for safe keeping......................... Outside checks and other cash items ................................................ Stock of Federal Reserve bank Liabilities. $190,588 53 123,908 01 32,952 57 204,162 48 126,000 00 352,400 00 26,064 33 26,000 00 99,848 19 788 29 33,338 7,428 30 15,750 8,000 25,456 62 67 35 00 00 98 105,586 00 28 09 2,500 00 T otal ............................................ $1,380,831 11 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $50,000 00 Capital stock paid i n .. Surplus fund ................................. 32,500 00 Undivided profits, n e t. 7,329 26 Dividends unpaid ......................... 22 50 Reserved for taxes, interest, 21,861 97 depreciation, etc......... Commercial deposits subject to check ................................................ 345,830 98 Demand certificates of deposit 4,902 24 51 00 Certified checks ............................. Cashier’s checks ........................... 2 ,2 2 1 26 U. S. government d e p o s it s .... 4,309 35 Savings deposits (book account) 568,008 50 Savings certificates of deposit 214,230 93 Club savings d eposits.. 23,977 12 Customers’ bonds left with bank 105,586 00 for safe keeping......... Total $1,380,831 11 STATE BANKING DEPARTMENT 206 No. 277. ISABELLA COUNTY STATE BANK, MT. PLEASANT. Organized June 17, 1903. S. W e i d m a n , J r ., P r e s i d e n t ; P e t e r F . B r e i d e n s t e i n , E . S. W e i d m a n , R o b e r t M . W e i d m a n , V ic e P r e s id e n t s ; J o h n W . B e n f o r d , C a s h i e r ; 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 , A s s is t a n t C a sh iers. D i r e c t o r s .— Peter F . Breidenstein, Robert M . Weidman, John W .' Benford, John J. W alking- J. ton, J. S. Weidman, Jr., F. G. Thiers, E. S. Weidman, Ed. J. Dittmann. Statement September 29, 1931. Liabilities. Resources. Loans and discounts : Commercial ................................. Savings .......................................... Real estate m ortgages : Commercial ................................. Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from Federal Reserve bank : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ............................... Savings .......................................... Exchanges for clearing house : Commercial ................................. Savings .......................................... T otal cash on hand : Commercial ................................. Savings .......................................... Overdrafts ........................................ Banking house ............................... Furniture and fixtures................. Other real estate............................. Due from banks other than in reserve cities ............................... Customers’ bonds left with bank for safe keeping........................... Stock of Federal Reserve bank $247,575 09 163,302 10 24,492 32 409,291 61 100,000 00 438,390 00 31,591 76 67,909 16 42,629 50 43,142 72 834 10 44 60 46,891 21,559 606 20,000 6,000 15,368 Capital stock paid i n .. $60,000 00 Surplus fund .................................... 35,000 00 Undivided profits, n e t. 16,750 19 Reserved for taxes, interest, depreciation, etc......... 1 0 ,0 0 0 00 Commercial deposits subject to check ................................................ 346,777 13 Demand certificates of deposit 30,349 79 Certified checks ............................. 821 16 Cashier’s checks ........................... 1,621 57 Due to other banks and bankers 55,212 72 Savings deposits (book account) 785,675 31 Savings certificates of deposit 350,489 89 Club savings d eposits. 7,498 30 Customers’ bonds left with bank for safe keeping........ 122,040 00 Other liabilities ............................. 9,282 59 47 58 52 00 00 12 27,000 00 122,040 00 2,850 00 T otal ............................................ $1,831,518 65 T otal ............................................ $1,831,518 65 No. 453. THE PEOPLES STATE BANK, MUNISING. Organized May 7, 1910. S. C a s e , P r e s i d e n t ; H. H . M c M F red D i r e c t o r s .— i l l a n , V ic e P r e s id e n t A s s i s t a n t C a s h ie r . and C a sh ier; V ernon A. F l o r ia , Fred S. Case, Frank Hausler, H. H. McMillan, R. W . Nebel, Wellington C. Tate. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................. Savings .......................................... Real estate m ortgages : Savings .......................................... Bonds and securities : Commercial ................................. Savings .......................................... Due from banks in reserve cities : Commercial ................................. Savings .......................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Exchanges for clearing house : Commercial ................................. Total cash on hand : Commercial ................................. Savings .......................................... Banking house ............................... Furniture and fixtures................. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $117,706 84 14,200 00 19,332 68 41,500 00 146,640 00 6,313 19 3,711 30 12,850 00 Capital stock paid i n ................... Surplus fund ................................. Undivided profits, n e t............. Dividends unpaid ......................... Reserved for taxes, interest, depreciation, etc.......................... Commercial deposits subject to check ................................................ Certified checks ............................. Cashier’s checks ........................... State moneys on dep osit............ Savings deposits (book account) Savings certificates of deposit Club savings d eposits................... $25,000 15,000 4,383 60 00 OO 30 00 2 0 ,0 0 0 00 120,373 34 2,895 10,000 173,326 14,679 5,665 56 59 54 00 79 09 16 57 21 4,469 8,000 12,000 4,637 81 00 00 00 $391,418 03 T otal ............................................ $391,418 03 STATE BANKS OF MICHIGAN 207 No. 694. FARMERS STATE BANK, MUNITH. Organized June 14, 1922. W D il l ia m i r e c t o r s .— E. F l e m i n g , P r e s i d e n t ; O. F. M o e c k e l , V i c e P r e s i d e n t ; F. W . F o r d , C a s h ie r . W illiam E. Fleming, John G. Harr, O. F. Moeckel, Vern R. Weeks, J. S. Leece, Charles Pickett, P. J. Fleming. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages : Savings ............................................ Bonds and securities: Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ....................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ....................... Total cash on hand : Commercial .................................... Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Other real estate............................. T otal ............................................ $38,169 12 37,122 28 15,938 61 5,970 00 30,200 00 4,212 49 7,560 24 $25,000 00 Capital stock paid i n ................. Surplus fu n d ...................................... 6,000 00 Undivided profits, n et. 1,390 09 Commercial deposits subject to check ................................................ 37,740 69 Cashier’s checks............. 219 88 Savings deposits (book account) 65,892 66 Savings certificates of deposit. 15,349 69 Club savings d eposits................... 95 95 Bills payable...................................... 3,000 00 4,900 00 2,050 19 3,550 1,675 3,321 15 44 00 00 63 $154,688 96 T otal ............................................ $154,688 96 BANKERS TRUST COMPANY, MUSKEGON. Organized August 14, 1920. M c B . T h d r s t o n , P r e s i d e n t ; J o h n G . E m o r y , J r ., F r a n k Y . B u r r o w s , O t t o L. G o d f r e y , V ic e P r e s i d e n t s ; F r a n k W . G a r b e r , T r e a s u r e r ; J o h n H . V a n A n d e l , A s s i s t a n t T r e a s u r e r ; P a u l R . H u g h e s , S e c r e t a r y and T r u s t O ffic e r ; C . E . A l b e r t s , J. M . H e r m a n A ss is ta n t S e c r e ta r ie s ; J. F . F o s t e r , A ss is ta n t T rea su rer and A u d ito r. H aro ld D i r e c t o r s .— Harold McB. Thurston, J. Arthur Dratz, H. E. Langeland, Frank W . Garber, John G. Emory, Jr., E. A. Larsen, Frank V. Burrows, R. R. Beardsley, Jay A. Billinghurst’ Harry E. Brown, G. C. Chaddock, Geo. E. Coveil, J. L. Gillard, Henry Langeland, J r ! Adam Pyle, Jr., Paul R. Hughes. Statement September 29, 1931. Resources. Collateral lo a n s: Time ................................................ Demand .......................................... Loans on real estate m ortgages : In office............................................ W ith state treasurer................. B o n d s: In office............................................ Due from other banks and bankers ............................................ Cash .................................................... Advances to tru sts......................... Other real estate............................. Other investm ents......................... Real estate m ortgages secur ing debentures............................. Banking house................................. Furniture and fixtures................. Total Liabilities. $850 00 10,745 00 1,567,914 64 77,100 OO 23,633 00 54,130 4,134 54,532 58,370 80,637 18 09 34 66 $150,000 00 75,000 00 28,095 26,172 165,455 93 31,940 1,495,850 35,000 9,800 44,904 78 78 49 56 42 00 00 00 53 76 34,650 00 85,000 OO 10,614 89 ............................................ $2,062,312 56 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Capital stock paid in ................... Surplus fu n d ...................................... Undivided profits (less expenses, interest and taxes p a id ).......... Reserve for taxes, etc.................. Trust d eposits................................. Escrow d eposits............................... Debentures ........................................ First mortgage bonds payable Bills payab le...................................... Certificates of deposit................... Other liab ilities............................... Total $2,062,312 56 STATE BANKING D EPAR TM E N T 208 No. 605. MUSKEGON SAYINGS BANK, MUSKEGON. Organized December 14, 1887. Reorganized December 14, 1917. One Branch. F. E. H D P r e s i d e n t ; P a u l S. M o o n , E. B. D a k e , V i c e P r e s i d e n t s ; F. M. B C a s h ie r ; B ar t D . B u c k , A ss is ta n t C a s h ie r ; J o h n P l o w m a n , A u d ito r . am m ond, i r e c t o r s .— r e u n in g e r , F. E. Hammond, Paul S. Moon, C. N. Sessions, F. M. Breuninger, E. B. Dake, Archibald Hadden, Roy E. Alberts, Bart D. Buck. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortg ages: Savings ............................................ Bonds and securities: Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... T otal cash on h a n d : Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house.................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... $140,300 88 150,167 49 775,815 24 286,000 00 371,500 00 49,043 09 31,987 30 $150,000 00 75,000 00 67,687 74 10,729 37 376,460 51 172,440 82 1,248,338 65 5,500 00 2 0 ,0 0 0 00 69,742 85,478 38 84,000 9,500 27,083 74 56 46 00 00 33 5,500 00 $2,106,157 09 T otal Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................... Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Savings deposits (book account) Customers’ bonds left with bank for safe keeping........................... $2,106,157 09 T otal No. 715. “PEOPLES STATE BANK FOR SAVINGS, MUSKEGON. Organized March 12, 1924. Two Branches. F r a n k S. C o l e m a n , C h a irm a n o f th e B o a rd . B e n n e t t , P r e s i d e n t ; J. H a r r y B o d i n e , E x e c u t i v e V i c e P r e s i d e n t ; H e n r y L. F r e d L. F l a n d e r s , A. B. P o p p e n , V i c e P r e s i d e n t s ; I. H . H a m i l t o n , C a s h i e r ; J. R. D ’A n j o u , H e n r y W o r k m a n , A s s i s t a n t C a s h ie r s . D i r e c t o r s .— Thomas B. Bennett, J. O. Berglund, Frank S . Coleman, Martin Frissel, W . Frank T hom as B. G w a t k in , Murray, Olaf Olson, A. B. Poppen, F. A. Runzel, N. G. Vanderlinde, Fred L. Flanders, Henry L. Gwatkin, Harvey W . Clover, J. Harry Bodine, F. E. Lovelace, W . G. Turner, W m. E. Thornton. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages : Commercial .................................... * Savings ............................................ Bonds and securities: Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ..................... Total cash on hand : Commercial .................................... Savings ............................................ Overdrafts .......................................... Premium account............................. Banking house................................. Furniture and fixtures................. Other real estate............................. Total •Closed October 1, 1931. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $737,518 98 212,102 82 7,331 16 454,391 08 141,500 00 476,262 50 11,488 28 16,871 57 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................. Dividends unpaid........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks............................... Cashier’s checks............................... Savings deposits (book account) Savings certificates of deposit. Bills p ayable...................................... $300,000 00 150,000 00 41,923 84 2 60 588,176 1,005 337 14,709 749,874 286,932 272,086 21 00 60 03 42 63 14 11,300 00 16,393 72 28,000 00 1,371 40 2 ,2 1 0 44 225.000 00 28,795 71 34,509 81 $2,405,047 47 Total $2,405,047 47 209 STATE BANKS OF M ICHIGAN No. 564. THE FIRST STATE SAVINGS BANK, MUSKEGON HEIGHTS. Organized July 30, 1914. W D M il l ia m P r e s i d e n t ; P a u l R . B e a r d s l e y , P ic e P r e s i d e n t ; L. A . W a g n e r , C a s h i e r ; H . W . P e a r m a n , A s s i s t a n t C a s h ie r . G. C. Chaddock, J. G. Emery, Jr., E. A. Larsen, G. L. LeFevre, H . C. Wagner, I. A. W yant. unroe, i r e c t o r s .— Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................... Sayings ............................................ Real estate m ortgages: Commercial .................................... Savings ............................................ Bonds and securities : Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Exchanges for clearing house: Commercial .................................... Total cash on hand : Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... $482,073 89 63,408 25 10,413 86 221,191 27 227,740 28 19,700 39 109,864 88 45.000 00 $ 100,000 00 21,498 97 145,471 61 392,263 141,396 3,612 11,554 354,673 22 95,300 15,500 39 08 60 12 80 77 00 00 16,000 00 5,060 92 14,956 13.000 7 30,551 14,999 23,324 93 00 59 35 47 26 16.000 00 $1,297,293 34 Total Capital stock paid i n ................... Undivided profits, n e t................... Reserved fpr taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks............................... Cashier’ s checks............................... Savings deposits (book account) Savings certificates of deposit. Bills pay ab le..................................... Bonds sold subject to repurchase Customers’ bonds left with bank for safe keeping........................... $1,297,293 34 Total No. 439. THE NEGAUNEE STATE BANK, NEGAUNEE. Organized August 24, 1909. Frank D A. B i r e c t o r s .— ell, P r e s id e n t; T h o m a s C o n n o r s , V ic e P r e s id e n t ; Y . S. H e i n o n e n , A s s i s t a n t C a s h ie r . T hom as P ascoe, C a sh ie r ; Frank A. Bell, Thomas Connors, Thomas Pascoe, John Huhtala, John E. Nelson. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages: Commercial ............................... Savings ............................................ Bonds and securities : Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ..................... Exchanges for clearing house: Commercial ................................... Savings ............................................ T otal cash on hand : Commercial .................................... Savings ............................................ Overdrafts .......................................... Premium account........................... Banking house................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $183,883 51 122,365 03 31,143 53 45,013 49 22,466 38 188,954 67 12,937 40 13,273 13 Capital stock paid i n ................. Surplus fu n d ...................................... Undivided profits, n e t................. Reserved for taxes, interest, depreciation, etc......................... Commercial deposits subject to check ................................................ Cashier’ s checks............................... Savings deposits (book account) Savings certificates of deposit. Club savings d eposits................... Bills pay ab le...................................... Customers’ bonds left with bank for safe k eeping........................... $50,000 00 30,000 00 3,009 45 3,500 00 138,538 2,267 394,280 6,500 5,266 34,000 23 14 35 00 50 OO 26,900 00 200 00 4,275 60 2,109 52 5,724 8,680 40 900 23,301 1,698 394 40 08 83 00 20 80 10 26,900 00 $694,261 f>7 T otal $694,261 67 210 STATE BANKING D EPAR TM E N T No. 368. THE FIRST STATE BAN K , NEWAYGO. Organized March 17, 1907. J . B ;- J o M. 1 . H atch W . A. A h n , C h a irm a n o f th e B o a rd . n s o r g e , N. J. C h r i s t e n s o n , V i c e P r e s i d e n t s ; D. L. K e l l e y L ou is F. B c k a r d , A u d i t o r . M. F. Hatch, R. E. Kincaid, N. J. Christenson, W . A. Ansorge, J. B. John, D. L. Kelley. , P r e s id e n t; C a sh ier; D i r e c t o r s .— Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................... Real estate m ortg ages: Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ Total cash on h a n d : Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house.................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... Total $127,290 17 135,872 30 374,475 97 5,982 36 70,969 48 20,882 5,000 23 9,918 5,655 2,900 98 00 20 79 00 $20,000 00 Capital stock paid i n . Surplus fu n d .................... 20,000 00 Undivided profits, n e t. 23,309 53 Reserved for taxes, interest, depreciation, etc......... 1 0 ,0 0 0 00 Commercial deposits subject to check ................................................ 140,690 46 Demand certificates of deposit. 39 50 Cashier’s checks.............. 817 13 Savings deposits (book account) 351,501 06 Savings certificates of deposit. 192,612 57 Customers’ bonds left with bank for safe keeping.......... 46,650 00 00 46,650 00 $805,620 25 T otal ............................................ $805,620 25 No. 690. CITIZENS STATE SAVINGS BAN K , N EW BALTIM ORE. Organized March 30, 1922. H. J. M c G i l l , P r e s i d e n t ; H. E. B e e c h e r , V i c e P r e s i d e n t ; L. W . P i n g e l , V i c e P r e s i d e n t a n d C a sh ier; M D i r e c t o r s .— ig n o n M . R o s e , A s s i s t a n t C a s h ie r . H. E. Beecher, J. S. Paganetti, W illiam Lehner, H. J. Matthews P. F. H . Schars, A. J. Warren, B. V. Nunneley, L. W . Pingel. H J McGill Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages : Savings ............................................ Bonds and securities : Commercial .................................... Savings ............................................ Due from Federal Reserve bank : Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Total cash on hand : Commercial .................................... Savings ............................................ Overdrafts ........................................ Banking house................................. Furniture and fixtures................. Outside checks and other cash items ................................................ Stock of Federal Reserve Bank. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $39,563 34 34,673 54 205,911 35 2,000 00 148,330 00 3,614 51 13,000 00 44,197 18 9,640 6,000 67 13,160 3,998 Capital stock paid i n ................... Surplus fu n d .................... Undivided profits, n e t................. Dividends unpaid........................... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to „ check ................................................ Certified checks............................... Cashier’s checks........................ Savings deposits (book account) Savings certificates of deposit. Club savings deposits................. $25,000 25,000 4,960 50 00 00 48 00 130 65 76,977 67 100 50 428 01 361,038 24 28,654 77 3,680 05 73 00 76 00 75 213 21 1,650 00 $526,020 37 T otal ............................................ $526,020 37 211 STATE BANKS OF M ICHIGAN No. 399. THE N EW BERRY STATE BAN K , NEW BERRY. Organized May 14, 1908. P. B o h n , P r e s i d e n t ; F rank D i r e c t o r s .— L. H. F e a d , W . C a sh ier; H elen F G. F r e t z , V i c e P r e s i d e n t s ; o rbes, A ssista n t A. A. M a t t s o n , C a s h ie r . Frank P. Bohn, W . G. Fretz, E. L. Fretz, M att Surrell, Andrew W estin, A. A. Mattson, A. L. Sayles, W . T. Murphy. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................... Savings ............................................ Real estate m ortg ages: Savings ............................................ Bonds and securities: Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on hand : Commercial .................................... Savings ............................................ Overdrafts .......................................... Premium account........................... Banking house................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... Outside checks and other cash items ................................................ T otal ............................................ $211,771 35 191,729 72 123,450 82 82,049 50 110,081 03 53,431 61 2,000 00 70,850 00 15,176 2,238 174 245 13,000 2,397 28,563 09 40 39 71 OO Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks............................... Cashier’s checks............................... State moneys on deposit............ Savings deposits (book account) Savings certificates of deposit. Club savings deposits................... Customers’ bonds left with bank for safe keeping........................... $50,000 00 22,000 00 20,134 87 T otal ............................................ $909,109 77 2,619 13 287,467 63 472 87 137 62 4,699 48 25,000 00 461,401 97 28,389 75 5,786 25 1 ,0 0 0 00 88 28 1 ,0 0 0 00 949 99 $909,109 77 No. 585. PEOPLES STATE BANK, NEW BOSTON. Organized June 21, 1916. F. J. G r a n d f i e l d , P r e s i d e n t ; N i c k E l d r e d , V i c e P r e s i d e n t a n d A u d i t o r ; F r a n k H . C l a r k , C a s h i e r ; W m . W . A m e u m a n , A s s i s t a n t C a s h i e r ; C. H . R e i s e r , A u d i t o r . D i r e c t o r s .— F. J. Grandfield, Nick Eldred, Franklin L. Robbe, Frank H . Clark, C. H. Reiser. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................... Savings ............................................ Real estate m ortg ages: Commercial .................................... Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial ................................... Savings ............................................ Banking house................................. Furniture and fixtures................. Other real estate............................. T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $25,798 50 25,315 00 4,117 19 231,262 10 153,743 34 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................. Dividends unp aid........................... .Com mercial deposits subject to check ................................................ Savings deposits (book account) Savings certificates of deposit. Bills pay ab le...................................... $2 0 ,0 0 0 00 T otal ............................................ $533,544 93 2 0,000 00 7,837 90 100 00 40,647 48 398,836 99 26,122 56 2 0 ,0 0 0 00 14,442 77 27,000 00 11,600 00 2,096 15,000 13,000 3,170 7,000 03 00 00 00 00 $533,544 93 212 STATE BANKING D EPAR TM E N T No. 641. *NEW BUFFALO STATE BAN K , NEW BUFFALO. Organized April 16, 1920. J. H. K D n ig h t , i r e c t o r s .— F. H. W . G o w d y , V ic e P r e s id e n t; M a r t in L it t l e j o h n P r e s id e n t; W m . , A s s i s t a n t C a s h ie r . E. E l d r i d g e C a sh ier; J L. Schrader, H. W . Gowdy, J. H. Knight, Jas. M. Rose, Joseph Marx, W m . E. Eldridge. Statement September 29, 1931. Resources. Liabilities. Loans and discounts : Commercial .................................... Savings ............................................ Real estate m ortgages : Savings ............................................ Ronds and securities: Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve : Savings dept, o n ly ........................ Total cash on hand : C o m m e rc ia l............................. Savings ............................................ Overdrafts .......................................... Banking house.................... Furniture and fixtures................. Other real estate............................. $82,214 95 7,715 00 25,370 50 50,425 00 79,506 25 20,559 55 19,000 00 10,000 00 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Certified checks............................... Cashier’s checks........ ....................... Savings deposits (book account) Savings certificates of deposit. Club savings deposits................... Bills p ay ab le...................................... $20,000 00 12,000 00 1,676 44 2,500 00 87,223 50 1,106 131,645 9,758 3,626 30,000 41 00 75 95 14 61 00 13 146 51 3,438 80 16,000 8,000 5,130 T otal ............................................ 95 59 00 00 00 $299,587 30 T otal ............................................ $299,587 30 ^Closed December 28, 1931. No. 245. NEW H A V E N SAVINGS BANK, NEW HAVEN. Organized August 28, 1901. N e i l E . R e i d ., P r e s i d e n t ; O . C . L u ngerhausen, B. D ir e c t o r s, — O. V ic e P r e s id e n t ; R o y D . C a r l , C a s h ie r ; N e t t ie J o u r e , A s s i s t a n t C a s h ie r . C. Lungerhausen. W . D . Begrow, T . K . Mclnnis, Joe Graff, Neil E . Russell S . Kendrick, Jas. C. Gillett, Roy D . Carl. Reid, Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m o rtg ages: Commercial .................................... Savings ............................................ Bonds and securities: Commercial .................................... Savings ............................................ Due from Federal Reserve bank : Commercial .................................... Savings ............................................ Due from banks in reserve citie s: Commercial ................................... Savings ............................................ Total cash on h a n d : Savings ............................................ Overdrafts .......................................... Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... Outside checks and other cash items ................................................ Stock of Federal Reserve bank T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $6,069 62 31,950 32 12,173 65 83,483 64 34,804 05 116,169 83 4,000 00 6,851 29 20,000 00 27,941 60 7,725 50 750 32,960 Capital stock paid i n ..................... Surplus fu n d ...................................... Undivided profits, n e t................... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks............................... Cashier’s checks............................... Savings deposits (book account) Club savings dep osits................... Customers’ bonds left with bank for safe keeping........................... $25,000 00 10,000 00 10,128 72 3 ,0 0 0 00 43,320 13,227 13 4,166 273,503 4,220 65 16 80 20 99 15 600 00 OO 54 00 57 600 00 56 1,650 00 $387,180 67 T otal ............................................ $387,180 67 213 STATE BANKS OF M ICHIGAN STATE B A N K N o . 737. OF N E W LOTHROP, N E W O rg a n iz e d A p r il 27, 1 9 2 7 . LOTHROP. W F. G a l l a g h e r ., P r e s i d e n t ; A r t h u r D i r e c t o r s . — W . P. Gallagher, W . A. J. H a n c h e t t , V i c e P r e s i d e n t ; B e r n a r d K i l d e a , C a s h ie r . Rosenkrans, B. T. Sidney, Arthur J. Hanchett, W m . Streng, Joseph Wendling, Bernard Kildea. S ta te m e n t S e p te m b e r 2 9 , 1 9 3 1 . Liabilities. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages: Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Exchanges for clearing house: Commercial .................................... T otal cash on h a n d : Commercial ................................... Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Other real estate............................. Due from banks other than in reserve cities................................. Customers’ bonds left with bank for safe keeping........................... Total ............................................ $109,880 01 6,160 28 49,043 50 27,200 00 5,233 17 21,100 00 Capital stock paid i n ..................... Surplus fu n d ...................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping........................... $20,000 00 7,000 00 302 77 T otal ............................................ $243,866 69 25,922 85,912 96,730 7,648 46 56 22 68 350 00 2,050 00 288 94 11,502 25 5,000 2 ,750 2,000 88 46 00 00 00 1,282 45 350 00 $243,866 69 N o . 52 3 . THE NEW PORT STATE B A N K , NEW PORT. O rg a n iz e d D e c e m b e r 3 1 , 1 9 12. C h ester W . B e c k h a m , P r e s i d e n t ; M. M. V a l a d e , L e o J. M a r t i n , J o h n A. P a r t l e n , C h a s . E . , J a m e s H . L a b o e , V i c e P r e s i d e n t s ; T h o s . J. R a b b i t t , C a s h i e r L e o B o u d in e t , ; r e a u m e „ , , , , , , x tt Chester W . Beckham, John A. Partlen, Leo J. Martin, M. M. Valade, James H. Laboe, Chas. E. Reaume, Leo Boudinet, Thos. J. Rabbitt. S ta te m e n t S e p te m b e r 2 9 , 1 9 3 1 . V i c e P r e s i d e n t a n d A t i d it o r . D i r e c t o r s .— Liabilities. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages: Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... T otal cash on h a n d : Commercial ................................... Savings ............................................ Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Other real estate............................. Due from banks other than in reserve cities................................. Customers’ bonds left with bank for safe keeping........................... Outside checks and other cash items ................................................ Trust department: Cash .................................................. Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $88,640 37 31,018 00 175,831 46 94,918 43 4,073 26 29,248 39 16,750 00 1,901 4,000 10 3,300 3,200 4,174 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Cashier’s checks ............................. Savings deposits (book account) Savings certificates of deposit. Bills payab le...................................... Customers’ bonds left with bank for safe keeping........................... Trust deposits— t o t a l s ................. $25,000 00 25.000 00 7,528 70 6,000 00 28,459 25 231,410 113,474 19 00 97 66 22.000 00 7,850 00 386 00 39 00 53 00 00 98 1,764 41 7,850 00 67 30 386 00 $467,134 52 T otal $467,134 52 214 STATE BANKING D EPARTM EN T No. 590. STATE BA N K OF NILES, NILES. Organized December 2, 1916. W i l l i a m F. H a r r a h , C h a ir m a n o f t h e B o a r d . E. C a i n , P r e s i d e n t ; G e o . E. F l o w e r , V i c e P r e s i d e n t a n d C a s h i e r ; W i l b e r N. B u r n s , V i c e P r e s i d e n t ; L y n n N. C a i n , C h a s . A . M a s o n , A s s i s t a n t C a s h ie r s . D i r e c t o r s .— Thos. E. Cain, Geo. E. Flower, G. B. Winter, N. P. Beebe, W . N. Burns, J. W alter Wood, W illiam F. Harrah, A. R. Rahn, R. C. Atkinson, C. R. Smith, Melvin S. Rudisili. T hom as Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages : Commercial .................................... Savings ........................ Bonds and securities: Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ Exchanges for clearing house: Commercial .................................... Total cash on hand : Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... Trust department : Cash .................................................. T otal $579,382 43 18,637 50' 9,383 42 175,414 65 99,086 55 267,201 29 98,867 27 24,651 33 5,838 53 17,327 38,500 173 55,000 6,104 3,000 46 00 86 00 27 00 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................... Dividends u n p a id :......................... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks............................... Cashier’s checks............................... Savings deposits (book account) Notes and bills rediscounted.. Bonds sold subject to repurchase Customers’ bonds left with bank for safe k eeping........................... Trust departm ent: Trust deposits— to ta ls............... $100,000 50,000 13,098 100 00 00 40 00 1 0 ,0 0 0 00 515,127 183,789 430 396 496,624 14,000 15,000 91 98 94 69 64 00 00 31,485 00 4,736 15 31,485 00 4,736 15 ............................................ $1,434,789 71 T otal ............................................ $1,434,789 71 No. 36. PIONEER BANK, NORTH BRANCH. Organized July 30, 1885. Reorganized June 29, 1889. F red C. B a l l a r d , P r e s i d e n t ; C. J. O l e s o n , V i c e P r e s i d e n t ; J. A . R a p l e y , C a s h i e r ; R ARP.OTTR A QQ4O/ Í1 111 K. M. f l O Tl 4OY' D irectors .— F red C. Ballard, J. A. Rapley, W m . W . Patón, K . M. Barbour, H. H . Ford, D. P. Orr, C. J. Oleson. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages : Commercial ........ Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ Exchanges for clearing house: Commercial ................................... Total cash on hand : Commercial .................................... Overdrafts .......................................... Banking house.................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $89,176 41 109,134 98 31,418 91 259,418 56 137,675 00 3,411 71 64,012 69 232 93 11,505 167 8,000 4,815 34,110 Capital stock paid i n . $50,000 00 Surplus fu n d .................... 25,000 00 Undivided profits, n e t. 2,666 46 Reserved for taxes, interest, depreciation, etc......... 9,135 58 Commercial deposits subject to 66,019 30 check ................................................ Demand certificates of deposit. 67,119 21 Cashier’s checks.............. 753 78 Savings deposits (book account) 512,386 63 Bills p ay ab le.................... 20,000 00 Customers’ bonds left with bank for safe keeping....................... : . 10,900 00 88 89 00 99 01 10,900 00 $763,980 96 Total ............................................ $763,980 96 215 STATE BANKS OF M ICHIGAN No. 677. NUNICA STATE BANK , NTJNICA. Organized March 26, 1921. W D il l ia m H . E r n s t , P r e s i d e n t ; C l a u s E r h o r n , V i c e P r e s i d e n t ; W i l l i a m E. S l a t e r , C a s h i e r ; B e s s i e C. K l i n e , A s s i s t a n t C a s h ie r . Charles Eckhoff, W illiam E. Slater, B. P. Sherwood, W illiam H . Ernst, John Ahrens, Claus Erhorn. i r e c t o r s .— Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................... Savings ............................................ Real estate m ortgages: Savings ............................................ Bonds and securities: Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Other real estate............................. Due from banks other than in reserve cities................................. Customers’ bonds left with bank for safe keeping........................... T otal ............................................ $21,512 57 37,183 13 76,917 18 34,500 00 10,000 00 5,112 23 9,200 00 Capital stock paid in . $20,000 Surplus fu n d .................... 10,000 Undivided profits, n e t. 6,895 Reserved for taxes, interest, depreciation, etc......... 6,142 Commercial deposits subject to check ................................................ Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping......... 7,000 00 00 89 57 34,262 51 107,371 13 37,624 73 00 10,350 00 466 1,000 19 2,500 1,500 1,589 75 00 81 00 00 40 10,445 76 7,000 00 $229,296 83 T otal ............................................ $229,296 83 No. 584. O LIVET STATE BAN K , OLIVET. Organized April 18, 1916. . H. P h il D i r e c t o r s .— Qu ic k P r e s i d e n t ; A. H . B u r l e s o n , V i c e P r e s i d e n t ; B e r n i c e B r a d l e y , A s s i s t a n t C a sh ie i'. , O. E. W alcott, C a sh ier; Phil. H . Quick, O . E . W alcott, Mathew Shilts, A . H . Burleson, W illiam H. Bur nett, Delbert G. Cronk, L. J. Dann, E. E. Long, James King. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: C o m m e rc ia l.................................... Savings ............................................ Real estate m ortg ages: Savings ............................................ Bonds and securities: Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on hand: Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $21,369 23 9,717 45 32,915 00 34,622 80 96,012 48 7,191 40 10,138 90 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Cashier’s checks............................... State moneys on d eposit............... Savings deposits (book account) Savings certificates of deposit. Club savings d eposits................... Customers’ bonds left with bank for safe keeping........................... $25,000 00 14,000 00 1,316 89 55,380 08 6 00 4,500 00 126,686 08 15,674 42 1,950 30 13,450 00 6,050 00 4,435 5,000 35 8,825 4,200 4,000 62 00 89 00 00 00 13,450 00 $257,963 77 T otal $257,963 77 216 STATE BANKING D EPAR TM E N T No. 280. O N AW A Y STATE SAYINGS BANK , O NAW AY. Organized September 23, 1903. L A. V. H D in k l e y , P r e s id e n t ; B ir e c t o r s /— A. Y. R i c h a r d s o n , C h a ir m a n . H . O l d s , V ic e P r e s id e n t ; J. F . O w A s s i s t a n t C a s h ie r . ee yron en , C a s h ie r ; I la M e r r it t , Hinkley, Lee Richardson, Byron H. Olds, C. H. Kenrick, J . F . Owen. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial .................................... Real estate m ortg ages: Savings ............................................ Bonds and securities: Commercial .................................... Savings ........................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ Total cash on h a n d : Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house................................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... Outside checks and other cash items ................................................ Total $64,036 94 26,669 63 30,530 OO 189,902 78 10,526 81 23,000 00 363 5,000 27 5,000 4,312 74 00 58 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Certified checks............................... Cashier’ s checks . . . ....................... Time commercial certificates of deposit ............................................ Savings deposits (book account) Bills p ay ab le..................................... Customers’ bonds left with bank for safe keeping........................... $30,000 00 13,500 00 3,325 15 58,230 90 49 00 3,095 74 13,486 76 227,910 58 10,000 00 950 00 00 38 950 00 228 27 $360,548 13 Total $360,548 13 No. 378. THE ONSTED STATE BANK, ONSTED. Organized September 20, 1907. L eonard D S. i r e c t o r s .— M ann , P r e s id e n t; W . G. S hepherd, V ic e P r e s id e n t; W. J. R e d f ie l d , C a sh ier; E . R. K n a p p , A s s i s t a n t C a s h ie r . W. G. Shepherd, Charles A. Kerr, G. W . Ross, Leonard S. Mann, W . J. Redfield, B. L. Seager. Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages : Commercial .................................... Savings ............................................ Bonds and securities: Savings ............................................ Due from Federal Reserve bank : Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Total cash on hand: Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Other real estate............................. Outside checks and other cash items ................................................ Stock of Federal Reserve bank T otal ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $73,304 30 10,378 81 4,906 99 99,108 69 29,400 00 9,199 01 5,100 00 Capital stock paid i n ................... Surplus fu n d ................................. Undivided profits, n e t................... Commercial deposits subject to check ................................................ Cashier’s checks............................... Time commercial certificates of deposit ............................................ Savings deposits (book account) $25,000 00 11,750 00 3,133 25 50,258 18 310 21 32,312 44 133,879 19 1,556 77 5,399 3,000 31 4,000 3,700 6,295 16 00 45 OO 00 59 162 50 1,100 00 $256,643 27 Total ............................................ $256,643 27 217 STATE BANKS OF M ICHIGAN No. 484. THE CITIZENS STATE BA N K , ONTONAGON. Organized October 16, 1910. E dward Carroll, D i r e c t o r s .— P r e s i d e n t ; F r e d J o h n s o n , T. H . W i l c o x , V i c e P r e s i d e n t s ; L e i s e r , C a s h i e r ; I*. A . E r i c k s o n , A s s i s t a n t C a s h ie r . W alter H. Edward Carroll, W illiam Krohn, Fred Johnson, H . W ilcox, Frank W . McHugh, John Schober, John Jones. Statement September 29, 1931. Liabilities. Resources. Loans and discou nts: Commercial .................................... Savings ............................................ Real estate m ortg age s: Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ....................... Exchanges for clearing house: Commercial .................................... Total cash on h a n d : Commercial .................................... Savings ............................................ Banking house................................. Furniture and fixtures................. Other real estate......................... .. Due from banks other than in reserve cities................................. Customers’ bonds left w ith bank for safe keeping........................... $81,795 01 34,860 97 61,544 78 53,212 68 10,748 21 2,459 50 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................... Dividends unpaid........................... Commercial deposits subject to check ................................................ Cashier’s checks.......... .................... Time commercial certificates of deposit ............................................ Savings deposits (book account) Customers’ bonds left with bank for safe keeping........................... $40,000 8,850 6,410 4 00 00 65 00 88,130 90 2,354 93 5,641 30 155,824 69 300 00 14,000’ 00 520 59 4,639 3 ,0 « ) 23,000 7,000 6,109 92 00 00 00 62 4,325 19 300 00 $307,516 47 Total $307,516 47 Total No. 687. STATE B A N K OF ORTONVILLE, ORTONVILLE. Organized March 25, 1922. Lew is S w e e r s , P r e s id e n tj H. A . P r o f r o c k , V i c e P r e s i d e n t j J a m e s R. L e e c e , C a s h i e r , E dna P r o f r o c k , A s s i s t a n t C a s h ie r . D i r e c t o r s .— Lewis Sweers, James R . Leece, F. D . Brigham, H . A . Profrock, Frank L. Olive, Hugh Taylor, John Närrin. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortg ages: Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ....................... Total cash on h a n d : Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $69,100 11 2,039 00 100,267 50 99,402 79 17,533 54 10,260 38 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t .; ............... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Certified checks............................... Cashier’s checks............................... Savings deposits (book account) Savings certificates of deposit. $25,000 OO 12,500 00 7,796 53 1,500 00 56,877 99 1 00 16 00 167,673 28 57,445 23 20,950 OO 3,452 37 1 ,0 0 0 00 4 34 4,000 00 800 00 $328,810 03 T otal $328,810 03 218 STATE BANKING D EPAR TM E N T No. 723. OSCODA STATE SAVINGS BAN K , OSCODA. Organized January 2, 1925. E. R. M c N i c h o l , P r e s i d e n t ; F. W . M e r r i c k , V i c e P r e s i d e n t ; A r t h u r B. C r y s l e r , C a s h i e r D i r e c t o r s .— F. W . Merrick, A. R. Weir, E. R. McNichol, Arthur B. Crysler, H . L. McNichol. Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial ................................... Savings ............................................ Real estate m ortg ages: Savings ............................................ Bonds and securities: Commercial ................................... Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Commercial .................................... Overdrafts .......................................... Expenses, interest and taxes paid exceeding earn ings.......... Banking house................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... Accrued interest, receivable (net) Total ............................................ $31,178 68 1,350 00 6,370 60 16,000 00 55,000 00 1 632 21 55,347 95 Capital stock paid in ................... Surplus fu n d ..................................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks............................. Savings deposits (book account) Customers’ bonds left with bank for safe k eeping........................... $20,000 00 1,073 69i 44,338 13,047 1,127 122,244 16 34 00 04 7,250 00 2,400 00 21,372 94 22 00 712 5,000 2,157 490 55 OO 42 17 7,250 00 2,795 72 $209,080 23 T otal ............................................ $209,080 23 No. 365. THE O TISVILLE STATE BANK, OT'ISVTLLE. Organized March 8, 1907. C. D . P a r k e r , P r e s id e n t; D ir e c t o r s — C. D . D o a n e , V ic e P r e s id e n t ; H Tj A VER TT.b A QQ-i q/ Cl w orton tVi e J i j F . R a n d a l l , C a sh ie r ; C. D. Doane, C. D. ' Parker, W m. H. Parker Chris. Metz, Morton E Grace L. Averill, L. F. Bird. G race Averill Statement September 29, 1931. Resources. Loans and discou nts: Commercial .................................... Savings ............................................ Real estate m o rtg ages: Commercial .................................... Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial .................................... Savings ............................................ U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ..................... Total cash on h a n d : Savings ............................................ Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... Outside checks and other cash items ................................................ Total ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $35,9 4 7 27 41,542 69 15,489 13 102,528 22 30,000 00 9,092 45 12,650 02 Capital stock paid i n ................... Surplus fu n d ........................................... Undivided profits, n e t................... Commercial deposits subject to „ check ................................................ Cashier’s checks............................... Savings deposits (book account) Savings certificates of deposit. Bills p ay ab le...................................... Customers’ bonds left with bank for safe keeping................................. $20,000 00 16,000 00 4,266 36 7 1 ,3 8 7 9 4 2,609 28 79^88189 100,358 59 7,500 00 16,150 03 9,200 00 3 ,6 5 0 19 4,900 3,500 33,204 19 59 00 00 14 16,150 03 280 36 $318,154 09 Total ............................................ $318,154 09 219 STATE BANKS OF M ICHIGAN No. 544. *THE CITIZENS STATE SAYINGS BAN K , OTSEGO. Organized M ay 23, 1913. G. A. D S h e r w o o d , P r e s id e n t ; T h o m a s C l o s s , V ic e P r e s id e n t ; R . B . V a n H a a f t e n , C a s h ie r ; A r t h u r J . G il m o r e , P e a r l H o l t , A s s is t a n t C a sh iers. G . A . Sherwood, E . W . Sherwood, W right Hadden, Thos. Closs, W . D . Clock. i r e c t o r s .-— Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages: Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial ................................... U. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ...................... Total cash on h a n d : Commercial .................................... Overdrafts .......................................... Banking house................................. Furniture and fixtures.................. Other real estate............................. Customers’ bonds left w ith bank for safe keeping........................... T otal ............................................ $63,582 60 32,890 02 99,803 21 61,600 00 22,411 25 15,850 00 8,055 563 10,000 1,785 7,042 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t .; ............... Reserved for taxes, interest, depreciation, etc............ .. Commercial deposits subject to check ................................................ Cashier’s checks............................... Savings deposits (book account) Savings certificates of deposit. Customers’ bonds left with bank for safe keeping........................... $25,000 00 6 ,0 0 0 00 801 16 2,885 37 97,797 4,271 127,976 58,852 92 55 07 37 15,800 00 88 03 00 67 78 15,800 00 $339,384.44 $339,384.44 Total ♦Closed December 23, 1931. No. 373. THE FIRST STATE SAVINGS BA N K , OTSEGO. Organized June 9, 1906. W . R. T a k k e n , P r e s i d e n t ; W D i r e c t o r s .— il l ia m D r e w , L u d w ig , A V i c e P r e s i d e n t ; H. K s s is t a n t C a sh iers. ir k B urd, C a sh ier; F loy E. W . R. Takken, B. A. McCall, H. J- DeLano, W illiam Drew, H . Kirk Burd, M. G. Rogers, Gale Dugan. Statement September 29, 1931. Liabilities. Resources. Loans and discounts: Commercial ................................... Savings ............................................ Real estate mortgages : Commercial ................................... Savings ............................................ Bonds and securities : Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ Total cash on hand : Savings ............................................ Overdrafts .......................................... Banking house................................. Furniture and fixtures................. Other real estate............................. Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $85,504 19 38,361 13 17,023 15 116,251 04 3,500 00 130,300 00 3,341 47 16,347 37 Capital stock paid i n ................... Surplus fu n d ...................................... Undivided profits, n e t................... Reserved for taxes, interest, depreciation, etc........................... Commercial deposits subject to check ................................................ Demand certificates of deposit. Cashier’s checks............................... Savings deposits (book account) Savings certificates of deposit. Bills payable...................................... $50,000 00 17,000 OO 5,344 15 5,482 02 73,145 24 5,000 OO 886 32 200,439 45 83,555 78 2 0 ,0 0 0 00 8,414 36 10 25 30,000 00 10 ,0 0 0 00 1,800 00 $460,852 96 Total $460,852 96 220 STATE BANKING D EPAR TM E N T No. 199. STATE SAYIN GS B A N K OF OVID. Organized September 9, 1897. Jo hn H . R o b s o n , P r e s i d e n t ; F r a n k A . M a r s h a l l , V i c e P r e s i d e n t ; H. S . B e a r d s l e e , C a s h i e r ; G e o . S . R o b s o n , A s s i s t a n t C a s h ie r . D i r e c t o r s .— John H . Robson, Frank A. Marshall, L. T. Storrer, W . J. Hathaway Hyslop, E. C. Smith, H. S. Beardslee, H . P. Snyder, Geo. S. Robson. T H Statement September 29, 1931. Resources. Liabilities. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages : Savings ............................................ Bonds and securities: Savings ............................................ Due from banks in reserve cities : Commercial ................................... Savings ............................................ TT. S. Bds. and Cert, of Ind. as legal reserve: Savings dept, o n ly ........................ Total cash on hand: Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house.................................. Furniture and fixtures................. Other real estate............................. T otal ............................................ $207,382 77 135,332 00 132,685 94 53,900 OO 13,763 04 28,133 91 Capital stock paid in ................... Surplus fu n d ...................................... Undivided profits, n e t................... Commercial deposits subject to check ................................................ Certified checks............................... Cashier’s checks............................... Savings deposits (book account) Savings certificates of deposit. Notes and bills rediscounted.. $50,000 00 25,000 00 19,451 97 153,126 08 15 07 768 73 292,502 30 74,005 38 5,142 00 9,950 00 6 ,0 0 0 00 7,590 24 16,000 7,180 2,068 89 69 OO 00 20 $620,011 53 Total ............................................ $620,011 53 No. 185. CITIZENS SAYINGS BAN K , OWOSSO. Organized February 6, 1896. S e t h Q. P u l v e r , P r e s id e n t ; A l b e r t L , N i c h o l s , D a n i e l M . C h r i s t i a n , V ic e P r e s id e n t s ; O l i v e r L . D a v i s , C a s h i e r ; F r a n k C. F r e e m a n , A s s i s t a n t C a s h i e r ; E a r l S. Y e i t e r , A u d i t o r . D Rudolph J. Colby, Oliver L . Davis, Albert L. Nichols, James H . Copas. Seth 9 -„ PlÜ7e^ JJ*mes H ' Mulhall, D. M. Christian, E. C. Morine, Geo. C. Reineke, J. E. Camp bell, W . G. Cobb. i r e c t o r s .— Statement September 29, 1931. Resources. Loans and discounts: Commercial .................................... Savings ............................................ Real estate m ortgages : Commercial .................................... Savings ............................................ Bonds and securities : Commercial .................................... Savings ............................................ Due from banks in reserve cities : Commercial ....................... Savings ............................................ Exchanges for clearing house: Commercial ................................... Total cash on hand: Commercial .................................... Savings ............................................ Overdrafts .......................................... Banking house.................................. Furniture and fixtures................. Other real estate............................. Customers’ bonds left with bank for safe keeping........................... T otal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $340,879 23 289,206 72 5,000 00 349,607 29 105,100 00 180,050 00 868 20 45,899 18 3,678 22 2,619 30,164 422 37,500 20,180 19,975 63 70 58 00 69 Capital stock paid in ................... Surplus fu n d ...................................... Undivided profits, n e t................. Commercial deposits subject to check ................................................ Demand certificates of deposit. Certified checks............................... State moneys on d eposit............. U. S. government d eposits........ Savings deposits (book account) Savings certificates of deposit. Club savings dep osits................... Notes and bills rediscounted.. Bills p ayable...................................... Customers’ bonds left with bank for safe k eeping........................... $75,000 00 37,500 00 19,284 40 187,254 46,300 175 10,000 7,411 649,755 226,555 18,617 48,298 105,000 95 00 09 00 31 24 48 17 59 OO 7,200 00 79 7 ,2 0 0 00 $1,438,352 23 Total $1,438,352
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