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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
DEPARTMENT OFFICERS
COM M ISSIO NER,
H. M. ZIMMERMANN.
D EPU TY COM M ISSIO NER,
W DONOVAN.
BANK E X A M IN E R S ,
HERBERT E. JOHNSON,
JAMES I VAN KEUREN,
CHARLES E. TOMS,
ALBERT E. MANNING,
CHARLES H. ADAMS,
CARL E. McALVAY,
HIRA C. MOORE,
JOHN A. MAY,
JOHN D. MORTON,
JOHN C. BARRON.
O F F IC IA L ADDRESS, LA N SIN G , M ICH IG A N .
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Federal Reserve Bank of St. Louis
COMMISSIONERS OF BANKING OF MICHIGAN.
[Under Act 205; 1887.1
THEODORE C. SHERWOOD,
Appointed January 7, 1889; resigned November 7, 1896.
DANIEL B. AINGER,
Appointed November 11, 1896; resigned April 1, 1897.
JOSIAH E. JUST,
Appointed April 1, 1897; died February 19, 1898.
GEORGE L. MALTZ,
Appointed February 26, 1898; term expired January 8, 1903.
GEORGE W. MOORE,
Appointed January 8, 1903; term expired February 19, 1907.
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Federal Reserve Bank of St. Louis
HENRY M. ZIMMERMANN,
Appointed February 19, 1907.
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Federal Reserve Bank of St. Louis
TABLE OF CONTENTS
Abstracts, com parative, 1889 to 1909, inclusive, state banks...........................................................
com parative, 1889 to 1909, inclusive, national b an k s.....................................................
state and national banks in United S ta te s.........................................................................
of state banks, 1909..................................................................................................................
of national banks, 1909...........................................................................................................
to tal volume of business state and national banks, reports of 1909...........................
state banks in D etroit..............................................................................................................
national banks in D etroit.................................................................... . , ..............................
state and national banks in D etro it....................................................................................
state and national banks in Grand R a p id s.......................................................................
sta te and national banks in Saginaw ......................
state and national banks in B attle C reek.........................................................................
state and national banks in K alam azoo.............................................................................
state and national banks in Bay City.................................................................................
state and national banks in Jackson...................................................................................
state and national banks in C alum et..................................................................................
state and national banks in Ann A rbor.............................................................................
state and national banks in P ort H u ro n ...........................................................................
state and national banks in Lansing...................................................................................
state and national banks in M arquette..............................................................................
national banks of H o u g h to n .................................................................................................
state and national banks in A drian.....................................................................................
state and national banks in Muskegon...............................................................................
state and national banks in A lpena....................................................................................
state banks in B enton H arbor.............................................. ................................................
L egislation......................................................................................................................................................
Banks exam ined and fees p a id ...................................................................................................................
Capital stock, increase and decrease o f....................................................................................................
Certificate of state treasurer as to fees....................................................................................................
Conversions to national b a n k s...................................................................................................................
Escheated dep o sits...........................
E x am in atio n s.................................................................
E xtension of corporate existence...............................................................................................................
Financial condition. .................
Growth of state b a n k s..................................................................................................................................
Increase and decrease of capital stock.....................................................................................................
Index to ban k s................................................................................................................................................
Insolvent banks, restoration of...........................................................................................
List of bank cashiers in Michigan..............................................................................................................
List of bonds approved by securities com m ission.................................................................................
Liquidations and consolidations.................................................................................................................
New b an k s.......................................................................................................................................................
Num ber of depositors....................................................................................................................................\
Num ber of state banks and tru st com panies.........................................................................................
Opinions of atto rney general.......................................................................................................................
Other am endm ents to articles of incorporation.....................................................................................
Receipts and expenses..................................................................................................................................
Reserve c ities,.................................................................................................................................................
Receiverships..................................................................................................................................................
(VReports of state banks and tru st companies (see in d e x )....................................................................
Jtaports of national banks (see index).......................................
Securities commission...................................................................................................................................
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT
REPORT OF THE COMMISSIONER
STATE OF MICHIGAN,
Banking I)epartment,
Lansing, December 31, 1909.
To the Honorable Fred M. Warner, Governor of Michigan:
Complying with the provisions of Section 43 of the General Banking
Law of Michigan, I have the honor to submit for your consideration
the twenty-first annual report of this' department for the year ending
December 31, 1909.
N U M B E R OF STATE BA N K S AND TRUST COM PA N IES.
There are under the supervision of this Department at the date of
this report 377 state banks and five trust companies transacting busi
ness in this state. Tn the statistics and tables the number is given as
376 state banks, one bank having commenced business since date of
last report, November 16th, 1909.
F IN A N C IA L CONDITION.
The financial condition of all State banks and trust companies is
exhibited on pages three to three hundred eighty-six. inclusive. Reports
of condition were called for by the department and made by the banks
at the close of business November 27, 1908, February 5, April 28, June
23 and September 1, 1909. On November 16, 1909, a call for report of
condition was made and received from each of the banks, and the report
so received will be published in the department’s annual report for the
year 1910. As explained in the department’s report for 1908, this plan
is followed in order that the report may be in the hands of the bankers,
so that it may be of value as a book of reference, and it also enables me
to publish in each annual report all statements of condition called for
each year. On pages 387 to 490 will be found statement of condition
of each of the national banks in Michigan.
B
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Federal Reserve Bank of St. Louis
X
STATE
BANKING D EPA R TM EN T.
I beg to refer you to the tables contained in this text which show the
increasing wealth of the people of our State since the department’s or
ganization in 1889. These tables contain abstracts of the annual reports
of State and national banks for the past twenty-one years.
Attention is called to the tables in this text, giving abstract of re
ports of all state banking institutions and national banks in the United
States as at the close of business April 28tli, 1909. These figures were
furnished me by the National Monetary Commission.
I again include in the annual report the statistics of the State and na
tional banks in Michigan located in reserve cities.
E X A M IN A T IO N S .
The examining force of the department in the year 1909 has made
738 examinations. Each state bank has been examined twice, except
such as were organized toward the close of the year. Each trust com
pany has been examined once during the year in accordance with re
quirements of the trust, deposit and security law.
ft gives me pleasure to report that special examinations for the pur
pose of determining whether or not a betterment of conditions had been
effected have been required in but few instances.
Taken as a whole, the affairs of the banks as revealed by the examin
ers’ report are in very good condition. Each report has been carefully
examined, and letters of criticism written the banks.
Each bank has made to the department, with the exception of those
recently organized, five reports of condition, two reports of earnings
and dividends, two reports showing condition as a result of directors’
examination, and also special reports wherever the same have been
deemed necessary.
Oaths of directors, signatures of officers and list of stockholders, to
gether with a report as to the number of depositors, are furnished the
department each year by each bank.
It also gives me pleasure to report that the reserve maintained by the
several state banks has exceeded that maintained during any other year
since the organization of the department. While the percentage of the
reserve may not be as great, yet it lias been distributed in such a manner
that but very few banks were below the requirements of Sections 24 and
27 of the banking law.
As noted above, it has been necessary to ask for but few special re
ports. Irregularities called to the attention of the banks have gener
ally been promptly corrected, and it has not been necessary during 1909
to enforce the provisions of the law on account of any disregard of the
same.
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Federal Reserve Bank of St. Louis
R E PO R T
OF
THE
COMMISSIONER.
xi
N E W BA N K S.
There have been organized during 1909 twenty-six state banks, and I
submit the following information in regard to the same:
No.
Title.
Location.
Capital.
Commenced busi
ness.
F ebruary 4.
F ebruary 10.
F ebruary 11.
March 1.
March 1.
416'
417
418
420
421
The
The
The
The
The
Berrien Springs State B a n k ..........
Lake City State B a n k ....................
Peoples S tate Savings B a n k .........
State Bank of A ugusta...................
Cass County State B a n k ...............
Berrien Springs. . .
Lake C ity...............
A u b u rn ...................
A ugusta...................
Cassopolis...............
$20,000
20,000
20,000
20,000
40,000
422
423
424
425
The
The
The
The
of
The
Farm ers State Bank of D ryden. .
M etamora State Savings Bank. . . .
Citizens State Bank of Clare........
Peoples S tate and Savings Bank
K alk ask a............................................
Galesburg State B ank.................
D ryden....................
M etam ora...............
Clare.........................
20,000
20,000
20,000
March 1.
March 1.
March 10.
K alkaska.................
G alesburg...............
20,000
20,000
March 15.
April 1.
426
427
428
E. Hill & Sons State B a n k ...................
First Commercial and Savings Bank of
D u ra n d .....................................................
Bank of R iverdale....................................
The State Savings Bank of Sherwood,
M ichigan...................................................
The Industrial Savings B ank.................
Colon................... . .
40,000
April 1.
D u ra n d ...................
R iverdale................
25.000
20,000
April 10.
May 10.
Sherwood................
F lin t.........................
20.000
50,000
May 29.
July 1.
432
433
434
435
436
Holton State B ank.................................... H olton.....................
The Columbiaville State B a n k .............. Colum biaville........
The H ighland P ark State B a n k ........... Highland Park . .
The H am tram ck State B a n k ................. H am tram ck .. . . . . .
The Farm ers S tate Bank of Breckenridge, M ichigan.................................... * Breckenridge..........
20,000
20,000
40,000
25,000
July 20.
July 27.
July 29.
August 2.
20,000
August 2.
437
438
439
440
441
442
The
The
The
The
The
The
25,000
40,000
50,000
20,000
20,000
25,000
Septem ber -9.
Septem ber 18.
Septem ber 27.
Septem ber 30.
October 25.
November 23.
429
430
431
Almont Savings B ank .....................
Crossman and Williams State Bank.
Negaunee State B a n k .....................
W ashington Savings B a n k .............
Hemlock State B ank .......................
State Bank of Colom a...................
Alm ont....................
W illiam ston............
Negaunee................
W ashington............
H em lock.................
Coloma....................
INCREASE AND DECREASE OF CAPITA L STOCK.
As provided for in section 10 of the General Banking Law the fol
lowing banks have amended their articles of incorporation for the pur
pose of changing the amount of their capital stock:
No.
Name of bank.
Location.
Form er
capital.
Present
capital.
Increase.
1
120
152
162
219
Kalam azoo Savings B a n k ...
First State Savings B a n k . . .
First S tate Savings B a n k . . .
Adrian State Savings B ank..
B enton H arbor State B ank..
K alam azoo........
Three R iv ers. . .
E v a rt...................
A drian.................
Benton H a rb o r..
$50,000
30,000
35,000
60,000
50,000
$100,000
60,000
50,000
100,000
75,000
$50,000
30,000
15,000
40,000
25,000
221
239
354
Jipson Carter State R a n k . . .
Ludington State B a n k ........
Presque Isle County Savings
B an k ......................................
Kalamazoo Savings Bank . .
State Bank of Deckerville.. .
-Blissfield.............
Ludington . . . .
25,000
50,1)00
50,000
100,000
25,000
50,000
Rogers C ity . . . .
K alam azoo.........
D eckerville.........
20,000
100,000
15,000
25,000
200,000
20,000
5,000
100,000
5,000
1
195
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Federal Reserve Bank of St. Louis
$345,000
Decrease.
xii
STA TE
BANKING D EPA R TM EN T.
The above table shows an increase of banking capital of $345,000. To
this should be added the $680,000 of new bank capital growing out of the
organization of new state banks. A further addition should be made
of $35,000 caused by the restoration to stockholders by receivers of the
Athens State and Savings Bank and the Springport State Savings Bank,
the aggregate capital of the two banks amounting to $35,000. The total
increase, therefore, for the year amounts to $1,060,000. From this
should be deducted the loss of banking capital growing out of the liquida
tion, consolidation and conversion of banks mentioned in another chap
ter of this report, which amounts to $550,000. The net increase in capi
tal, therefore, for the year is $510,000.
O TH ER A M EN D M EN T S
TO ARTICLES OP INCORPORATION.
The original Articles of Incorporation of the Metamora State Savings
Bank were amended by a vote of the stockholders March 1, 1909, chang
ing the title of said bank from “The Metamora State Savings Bank”
to "Metamora State Saving Bank.”
Being desirous of conducting a savings bank business in connection
with a commercial bank business, the stockholders of the E. Hill and
Son’s State Bank of Colon, on September 14, 1909, voted to amend their
original Articles of Incorporation in this regard.
Complying with the provisions of section 10 of the General Banking
Law, the stockholders of the Kalamazoo Savings Bank on December
4, 1909, voted to amend its Articles of Incorporation, changing its name
from the “Kalamazoo Savings Bank” to “Kalamazoo City Savings
Bank.”
LIQ U ID A TIO N S AND CONSOLIDATIONS.
On the sixth day of February, 1909, the Citizens’ Savings Bank of
Detroit, Mich., by a vote of its stockholders voted to go into liquidation
under the provisions of sections 53 and 54 of the General Banking Law.
In course of its liquidation, the Dime Savings Bank of Detroit, assumed
all liability to the depositors of the Citizens’ Savings Bank, the latter
transferring certain of its assets to the former to offset the liability as
sumed. As all of the assets of the Citizens’ Savings Bank were not
transferred to the Dime Savings Bank, further liquidation is now pro
ceeding under section 53 of the Banking Law.
After having obtained the consent in writing of all of the stockholders,
and also procuring the unanimous vote of its board of directors on
March 11, 1909, the Commercial and Savings Bank of Coleman voted
to consolidate its affairs with those of the Midland County Savings Bank
of Midland.
The stockholders of the United States Savings Bank of Detroit, on
November 26, 1909, voted to place said bank in liquidation for the pur
pose of consolidation with the People's State Bank of Detroit. Immedi
ately upon the ratification of the consolidation by the directors of the
People's State Bank I caused an examination to be made of the United
States Savings Bank, and it appearing from such examination that the
rights of creditors were not jeopardized consent to the consolidation was
given by the department November 30, 1909.
The stockholders of the Kalamazoo Trust Company, December 8, 1908,
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Federal Reserve Bank of St. Louis
R E PO R T
OF
THE
COM MISSIONER.
xiii
voted to liquidate and close the affairs of said company according to seclion 27 of Act No. 143 of the Public Acts of 1889. Upon determining
that the provisions of said section had been complied with, and on re
ceiving information that all obligations of said company had been fully
met and discharged, consent was given to such liquidation, and the
affairs of the company closed as of March 31, 1909.
CONVERSION TO NATION AL BA N K S.
By resolution of its directors and stockholders the Commercial State
Bank of Ttliaca, decided to reorganize as a national bank, and on
December 7, 1909, the Comptroller of Currency approved the bank's
application for conversion and authorized them to transact business
as “The Commercial National Bank of Ithaca,” Michigan, with a capital
of $30,000.
E X TE N SIO N
OF
CORPORATE E X IS T E N C E .
The Hillsdale Savings Bank of Hillsdale made application under the
provisions of Act No. 143 of the Public Acts of 1889 to extend its char
tered existence for a period of thirty years. Consent of the stockholders
of said bank and original Articles of Incorporation were tiled July 15,
1909. By virtue of Section 3 of said Act, 1 caused to be made on July
19, 1909, an examination of its affairs, and being satisfied as to its con
dition and that said bank had complied with all the provisions required
by law, a certificate was issued extending its corporate existence for a
period of thirty years from and after July 30, 1909.
RESERVE C IT IE S .
Complying with the provisions of sections 24 and 27 of the BankingLaw, I do hereby designate for the year 1910 the following cities as
reserve cities for Michigan State banks and trust companies: Detroit,
Grand Rapids, Bay City, Saginaw, Kalamazoo, Jackson, Port Huron,
Adrian, Benton Harbor, Muskegon, Ann Arbor, Calumet, Houghton,
Marquette, Lansing, Battle Creek* Alpena, New York, Boston, Phila
delphia, Pittsburg, Baltimore, Buffalo, Cleveland, Cincinnati, Toledo,
St. Louis, Chicago, Milwaukee and Minneapolis.
N U M BER OF DEPOSITORS.
The total number of depositors in the 376 State banks and 99 national
banks on December 1, 1909, amounted to 1,024,450 and are separated
into the following classes:
State banks, individual deposits subject to check.....................
State banks, commercial certificates of deposits............... ..
State banks, savings depositors ..................................................
State banks, savings certificates of deposits...............................
National banks, individuals deposits subject to check...............
National banks, certificates of deposit........................................
128,231
43,412
468,267
105,025
215,416
64,099
The above classification shows that commercial depositors in State
banks have increased 30,247 and the gain in number of savings depositors
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Federal Reserve Bank of St. Louis
STATE
X IV
BANKING
D EPA R TM EN T.
is 29,887, making a total increase in the number of depositors in State
banks for 1909 of 60,134. The reports of Michigan national banks on
December 1, 1909, show that depositors have increased 71,189. The
total increase, therefore, in state and national banks amounts to 131,323
for 1909.
The following table shows the number of commercial and savings
depositors in the 376 State banks and the 99 national banks, the aggre
gate amount of deposits and the per capita to each depositor:
Class of
deposit.
Banks.
376 State B anks.........................!
99 N ational b an k s...............
Commercial........
S avings...............
Commercial........
T o ta ls..............................
Num ber of
depositors.
Amount of
deposits.
Average
to each
depositor.
*171,643
*573,292
*279,515
•175,542,163 96
151,290,590 74
103,669,284 41
$440 11
263 53
370 89
1,024,450
$330,502,039 11
$322 63
* I'liis includes certificates of deposit; several certificates issued to one person counted as one.
It will be noted from the foregoing table that the average to each
depositor in State banks has increased $10.59, notwithstanding the in
crease in number of depositors.
ATHENS
STATE AND SAVINGS B A N K .
The department took possession of this bank on the twenty-seventh day*
of August, 1908, and September 3, 1908, Frank Wolf of Battle Creek
was appointed its receiver. The bank remained in the possession of the
receiver until the fourth day of February, 1909, and Avas on the eighth
day of February, 1909, opened to the public by its directors and officers
for business in due course. The rehabilitation of this institution was
made possible by the action of certain stockholders in paying into the
bank $15,000 in cash and taking from its assets in lieu thereof such as
were considered of uncertain value. In addition to this, certain of the
stockholders of said bank caused to be executed and delivered to the
Circuit Court for the county of Calhoun, in chancery, a bond providing
that said bank would pay all its debts and obligations which might be
demanded at any time within one year from the date of such writing.
The statement of the condition of this bank since it was turned OA7er to
the stockholders by the receiver can be seen by reference to page 21
of this report.
SPRINGPORT STATE
SAVINGS B A N K .
As set forth in the text of the department’s report for the year 1908,
I took possession of the above named bank on December 11, 1908, and
the bank Avas in the possession of the department until the appointment
of Lester P. Hoag as receiver on January 16, 1909, and his qualification
on January 22. As evidenced by receiver's receipt of said date, the
receivership of this bank continued until May 29, 1909, Avhen the receiver
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Federal Reserve Bank of St. Louis
R EPO R T
OF
THE
COMMISSIONER.
xv
bv an order of the Circuit Court for the county of Jackson was dis
charged, and the affairs of said bank turned over to its stockholders.
The rehabilitation of this bank was made possible by the stockholders
satisfying their statutory liability, and by the good character of many
of the bank’s assets. The bank is now in good condition and since its
resumption of business has made a healthy growth, as evidenced by its
statement of condition on page 350 of this report.
GROW TH OF STATE BAN KS.
The year 1009 marks the twenty-first year of state bank supervision in
Michigan under the present banking law. Beginning with eighty state
banks in January 1889, with aggregate footings of $38,900,770.88, the
number has steadily increased until there are now 376 state banks and 5
trust companies with a total business of $273,718,216.23. During this
period the increase in deposits has been enormous, showing a gain of
$203,188,653.53.
During the same time loans have increased
$186,999,462.50. There has been added to banking capital, in the way
of organization of new banks and increase of capital, $16,106,848.53*;
and by additions to surplus $14,002,434.23, or an aggregate increase of
$30,109,282.76.
Tn this connection the following statement is submitted:
Resources.
Loans...............' ...............
Real estate, furniture and fixtures. . .
Cash......................................
T otals........................................
80 banks,
Jan. 7, 1889.
351 S tate banks,
6 tru st
companies,
November 27,
1908.
$30,815,697 13
534,411 76
7,550,661 99
$196,309,342 19
6,388,982 10
41,589,388 08
$217,815,159 63
6,953,857 74
48,949,198 86
$38,900,770 88
$244,287,712 37
$273,718,216 23
376 S tate banks,
5 tru st
companies,
Novem ber 16.
1909.
Liabilities.
Capital stock paid in ..............................
Surplus fund and undivided profits.. .
Deposits............................................
Notes and bills rediscounted...............
T o ta ls...............................................
$5,519,425
1,818,835
31,284,124
278,385
00
53
39
96
$38,900,770 88
$21,626,273
15,821,269
206,347,614
492,554
53
76
75
33
$244,287,712 37
$22,161,133
16,743,116
234,422,777
391,189
00
30
92
01
$273,718,216 23
The report of November 16th, 1909, as compared with the report of
November 27th, 1908, shows an increase in loans of $21,505,817.44, while
total deposits increased $28,075,163.17, the greatest gain in deposits for
any one year since the organization of the department. In detail this in
crease in deposits is divided as follows,—Commercial Deposits (indi
vidual) $13,598,092.43, Savings Deposits $13,479,120.01 and deposits
of other banks $997,950.73.
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Federal Reserve Bank of St. Louis
STATE
XVI
BAN KING D EPA R TM EN T.
RE C E IV ER SH IPS.
People’s Savings Bank, Ml. Pleasant.
Charles T. Russell, receiver, under date of December 1st, 1909, re
ports as follows:
Liabilities to depositors at date of suspension.....................
Other liabilities .......................................................................
$65,491 80
16,896 90
Total ...........................................................................
$82,388 70
Total assets at date of, and received since suspension........
Amount collected by receiver to d a t e ...................................
236,876 78
123,520 43
Disposition of collections:
Loans paid and otherdisbursem ents....
Dividends paid ...........................................
Legal expenses ..........................................
All other expenses .....................................
Receiver’s salarv paid to d a t e ...................
$80,522 70
30,043 02
1,772 69
2,965 87
8,216 15
----------------- $123,520 43
This bank failed in 1897, and a total dividend of 66 per cent to credit
ors and depositors has been paid, the last dividend of one per cent being
paid December 1st, 1902. Since the last mentioned date the receivership
lias been in practically the same condition. During the year I took the
matter up with the Circuit Court for the county of Isabella, and assur
ances were given me that the matter would be disposed of during the
year 1909. The hearing on the final report and discharge of receiver
has not as yet been had, but it is expected the matter will be closed up
early in lfiio.
State Bank of Fenton, Fenton.
Clarence Tinker, receiver, under date of December 1st, 1909, reports
as follows:
Liability to depositors at date of suspension ...................
Other liabilities ................ ......................................................
$101,710 04
1,134 45
Total ........................................................................... $102,844 49
Total assets at date of, and received since suspension....
141.757 18
Amount collected by receiver to date .................................
72,775 19
Disposition of collections :
Loans paid and other disbursements..........
$16,960 65
Dividends paid ..............................................
42,293 62
Legal expenses ..............................................
1,619 42
All other expenses ........................................
5,401 50
Receiver’s salary paid to d a t e ....................... “
6,000 00
Balance in hands of receiv er.......................
500 00
$72,775 19
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Federal Reserve Bank of St. Louis
R E PO R T
OF T H E
COM MISSIONER.
X V II
The department took possession of this bank June 14th, 1897, and a
total dividend of 40 per cent has been paid to creditors and depositors.
The last dividend of 2 per cent was declared during the year 1903, since
which time the receivership has remained in an inactive condition. 1
called the matter to the attention of the Circuit Court for the county
of Genesee and have assurance the same will have attention. I expect
this receivership will be closed early in 1910.
The City Savings Bank, Detroit.
The Union Trust Company, Detroit, receiver, under date of Decem
ber 1st, 1909, reports as follows:
Liability to depositor at date of suspension
Other liabilities .............................................
Total
Total assets at date of, and received since suspension....
Amount collected by receiver to date
$3,378,121 20
662,937 50
$4,041,058 70
4,517,071 00
2,700,667 62
Disposition of collections:
Loans paid and other disbursements... $109,613 88
Dividends p a i d ........................................ 2,069,131 45
Legal expenses .........................................
81,151 73
All other expenses ..................................
92,671 62
Receiver’s salary paid to date .............
100,000 00
Deposits and collections returned ........
57,885 11
Balance in hands of State Treasurer. .
188,829 29
Balance in hands of receiver .............
1,384 54
On February 10th, 1902, the department took possession of this bank
and up to the present time total dividends of fifty-eight and sixty-five
per cent respectively have been paid to savings and commercial deposit
ors.
The winding up of this receivership has been delayed on account of an
almost endless amount of litigation as to the legality of certain certified
checks issued by the Vice President of the bank. A further dividend of
six per cent to commercial depositors and three per cent to savings de
positors has been ordered as of November 20th, 1909. The disbursement
of this dividend, however, had not been made at the date of the above
report.
c
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Federal Reserve Bank of St. Louis
STATE
xviii
BANKING
D EPA R TM EN T.
State Bank of White Pigeon, White Pigeon.
J. Murray Benjamin, receiver, under date of December 1st, 1909, re
ports as follows:
Liability to depositors at date of suspension.......................
Other liabilities .......................................................................
$126,366 89
1,178 45
Total ...........................................................................
$127,545 34
Total assets at date of, and received since suspension....
Amount collected by receiver to d a t e ...................................
180,664 81
126,737 57
Disposition of collections:
Loans paid and other disbursem ents....
$637 50
Dividends paid ..........................................
106,621 69
Legal expenses paid .................................
1,366 79
All other expenses ....................................
2,663 90
Receiver’s salary paid to date ...............
4,125 00
Balance in hands of State Treasurer . .
2,302 09
9,020 60
Balance in hands of receiver ...............
-----------------$126,737 57
This bank failed July 30tli, 1904, and up to the present time a divi
dend of ninety per cent has been paid to the depositors. The receiver
reports that he expects to be able to make a final dividend and report
during the early part of 1910.
The Chelsea Savings Bank, Chelsea.
William W. Wedemeyer, receiver, under date of December 1st, 1909,
reports as follows:
Liability to depositors at date of suspension................... $1,028,852 84
Other liabilities .................................... ..................................
20,764 21
Total............................................................................ $1,049,617 05
Total assets at date of, and received since suspension... $1,370,928 75
Amount collected by receiver to d a t e ....................................
661,858 94
Disposition of collections:
Loans paid and other disbursements............ $12,337 54
Dividends paid ................................................ 536,382 27
Legal expenses .................................................
10,604 89
All other expenses ..........................................
14,341 50
Receiver’s salary paid to d a t e .......................
7,500 00
Balance in hands of State Treasurer..........
55,391 44
Balance in hands of receiver .......................
25,301 30
------------------- $661,858 94
The department closed this bank December 2nd, 1907. Up to the
date of this report a dividend of forty per cent has been paid to com
mercial depositors and a dividend of sixty per cent to savings depositors.
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Federal Reserve Bank of St. Louis
R E PO R T
OF T H E
xix
COM MISSIONER.
F u r t h e r d i v i d e n d s w ill b e m a d e , b u t o w in g to m u c h l i t i g a t i o n c o n c e r n
in g t h e a f f a i r s o f t h i s b a n k , t o g e t h e r Avith t h e p e r s o n a l a f f a i r s o f i t s p r e s i
d e n t, c o n s i d e r a b l e t i m e ‘m a y e la p s e b e f o r e t h e fin a l r e p o r t c a n b e m a d e
a n d t h e r e c e iv e r d is c h a r g e d .
From the foregoing report it will appear that the loss to depositors
of this bank will not be as great as seems to have been quite generally
believed.
The Farmers and Merchants’ State Bank, Parma.
Seymour H. Godfrey, receiver, under date of December 1st, 1909, re
p o r t s a s f o l lo w s :
Liability to depositors at date of suspension...................
Other liabilities ......................................................................
$86,207 99
5,737 22
Total ...........................................................................
$91,945 21
Total assets at date of, and received since suspension....
$120,720 03
Amount collected by receiver to date..................................
Amount cash on hand at date of suspension ...................
$63,786 86
4,736 18
T o ta l............................................................................
Disposition of collections:
Loans paid and other disbursements ........ $1,929 71
Dividends paid ............................................. 59,985 84
All other expenses ......................................
1,193 77
4,323 48
Balance in hands of State Treasurer..........
Balance in hands or receiv er.....................
1,090 24
$68,523 04
By reference to my annual report for the year 1908, this bank was
closed September 18, 1908, after an examination by the department
which showed an intermingling and confusion of the assets and liabili
ties of this bank with those of a private bank, in which the cashier was
interested. Up to the date of the foregoing report a dividend of 60 per
cent has been paid to depositors.
ESCHEATED
DEPOSITS.
Pursuant to the provisions of Act No. 238 of the Public Acts of 1897,
under date of June 30, 1909, a report from all banks, national, state and
private, trust companies and building and loan associations, was called
for with reference to deposits which had escheated to the State of Michi
gan, and deposits which had been inactive since June 30, 1906, and
where there was good reason to believe that the person making such de
posit was dead, and the same should escheat to the State of Michigan.
T succeeded in getting reports from all but twenty-four, and the names
and addresses of these have been turned over to the Attorney General
for his consideration and action. But five institutions reported deposits
which had escheated to the State of Michigan, the total of such deposits
being $410.63.
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Federal Reserve Bank of St. Louis
STA TE
XX
BAN KING D EPA R TM EN T.
Twenty-three institutions reported inactive deposits since June 30,
1906, the amount of such inactive deposits being $3,701.51.
Report of all my actions with reference* to escheated and in
active deposits has been made to the Attorney General, as required by
statute.
SEC U R ITIE S C O M M ISSIO N .
This Commission was created for the purpose of passing on the
validity of the securities mentioned in paragraphs (e), (f) and (g) of
section 27 of the General Banking Law, and consists of the Attorney
General, State Treasurer and Commissioner of Banking. I t was or
ganized April, 11, 1906, by virtue of the provisions of Act 262 of the
Public Acts of 1905.
During the year the Commission has had three sessions, at which the
following bonds were approved as legal investments for savings deposits
of state banks :
Steamship.
Name of company.
Frem ont Steamship Co
D etroit Steam ship Co. .
American T ransit C o...
Neptune Steamship Co.
Atlas Steamship C o ...
B. F. B e rry .............
Chas. W. K o tc h e r..
John Dunn, J r ..........
A rthur H. Hawgood
Wm. A. Hawgood..
W ilkinson T ransportation Co
Holmes Steam ship Co.
F rontier Steam ship Co
J. F. D urston............
A. E. N ettleton........
Salt Lake C ity..........
Josiah G. Munro. . . .
Wm. M. Mills............
Legrand D. DeGraff.
William B. K err. . . .
W eston Transit C o... .
I
Amount bond
issue.
S I6 0 ,0 0 0
140.000
190.000
215.000
200.000
225.000
11
200.000
210,000
650,000
York Transit Co..............
Shenango Steam ship Co.
W ainright Steamship Co.
Alva Steamship C o.........
Croxton Steamship Co...
John J. Boland
W ilpen...............
W ain rig h t........
M. A. Bradley.
Caldera..............
Em pire Steamship Co
Valley Steamship Co.
H anna Transit Co . . .
T riton Steam ship Co.
Wm. H. Truesdale
Alexis W. Thompson. .
Howard M. H anna, Jr.
Rufus P. R a n n e y ........
100,000
Hawgood Steamship Co . . . .
Pennsylvania Steamship Co
American Steamship Co. . . .
F rontier Steamship C o........
W. R. W oodford...
Jacob T. K o p p . . . .
Adam E. Cornelius.
Jam es C orrigan. . . .
Daniel B. Meachem
215.000
165.000
150.000
420.000
L IST
OF BONDS APPROVED BY SEC U R ITIE S
165.000
210.000
135.000
155.000
170.000
157.000
150.000
140.000
C O M M ISSIO N .
For file benefit of the state banks, and others interested in knowing
what bonds have been approved as legal investments for savings funds
of state banks by the Securities Commission from the time of its organi
zation up to and including December, 31, 1909, the following is offered:
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Federal Reserve Bank of St. Louis
R EPO R T
No.
1
2
3
4
5
D ate of
approval.
Aug.
Aug.
Sept.
Sept.
Sept.
9,
9,
12,
12,
12,
OP T H E
COMMISSIONER.
Name of steam er.
Name of company.
1906
1906
1906
1906
1906
Hawgood Transit C o...............
Commonwealth Steamship Co
Toledo Steamship Co...............
Globe Steamship Co.................
Tonawanda Transit Co............
H arvey D. G oulder...
Abraham S te a rn ........
Eugene Zimmermann
F rank C. B a ll.............
Charles W eston..........
xxi
Amount
bond issue.
$190,000
190.000
160.000
175.000
200.000
140.000
190.000
205.000
280,000
145.000
6
7
8
9
11
12
13
14
15
Mar. 29,
Mar. 26,
Mar. 26,
April 10,
Aug. 21,
Aug. 28,
Oct. 8,
Oct. 8,
Oct. 8,
1907
1907
1907
1907
1907
1907
1907
1907
1907
Dearborn Transit C o .......................
Franklin Steamship C o.................
Minerva Steamship Co...................
Chicago N avigation C o ..............(
Mesaba Steamship C o...................
Cuyahoga Steamship C o ...............
Midland N avigation Co.................
Inter-O cean Steamship Co............
L. C. Smith Transit Co................
E. L. W allace.........
E. J. E arling..........
H enry A. Hawgood
Wm. E. F itg e ra ld ..
Jas. S. D unham .. . .
D. O. Mills........
Sheldon P a rk s ........
Midland P rin c e. . . .
Sierra.........................
Chas. H ubbard........
16
17
18
19
20
Oct.
Oct.
April
April
April
8,
8,
2,
2,
2,
1907
1907
1908
1908
1908
L. C. Sm ith T ransit C o..
Cornell Steamship Co. . .
Standard Steamship Co
Acme Steamship C o .. . .
Jenkins Steamship C o.
Smith T hom pson..
John Mitchell........
H. P. B ope............
W ard A m es...........
Charles O. Jenkins
21
22
23
24
25
June
Aug.
Jan.
Jan.
Jan.
24,
13,
13,
13,
13,
1908
1908
1909
1909
1909
Fowlerville Lighting Co
Postal Steamship C o. . .
Frem ont Steamship C o.
D etroit Steamship C o...
American Transit Co . . .
Thomas B ariu m .. .
B. F. B e rry ...........
Chas. W. Kotcher.
John Dunn, J r . . . .
14,000
150.000
160.000
140.000
190.000
26
27
28
29
30
Jan.
Jan.
Jan.
Jan .
Jan.
13,
13,
13,
13,
13,
1909
1909
1909
1909
1909
Neptune Steamship C o...................
Atlas Steamship C o.....................
W ilkinson T ransportation C o .. . {
Holmes Steam ship C o.....................
Frontier Steamship Co....................
A rthur H. Hawgood.
Wm. A. H aw good...
J. F. D urston............
A. E. N ettleton........
Salt Lake City..........
Josiali G. Munro. . . .
215.000
200.000
225,000
200,000
210,000
31
Jan. 13, 1909
W estern Transit C o..................... •!
32
33
Jan. 13, 1909
Jan. 13, 1909
York Transit Co.............
Shenango Steam ship Co
34
35
36
37
38
39
Jan.
Jan.
Jan.
Jan.
Mar.
Mar.
13,
13,
13,
13,
18,
18,
1909
1909
1909
1909
1909
1909
W ainwright Steamship Co
Alva Steamship Co............
Croxton Steamship C o .. . .
Empire Steamship C o.
Valley Steam ship C o.........
H anna Transit Co..............
W ainw right.....................
M. A. B radley...............
Caldera.............................
Wm. H. T ruesdale. . . .
Alexis W. Thompson. .
Howard M. H anna, Jr.
135.000
155,000,
170.000
40
41
42
43
44
45
Mar.
Mar.
Mar.
May
May
May
18,
18,
18,
27,
27,
27,
1909
1909
1909
1909
1909
1909
T riton Steamship C o ...........
Hawgood Steamship C o.. . .
F arrar T ransportation Co. .
Pennsylvania Steam ship Co
American Steamship C o ....
F rontier Steamship Co........
Rufus P. R a n n e y . .
W. R. W oodford.. .
Collingwood..............
Jacob T. K o p p . . . .
Adam E. Cornelius.
Jam es Corrigan. . . .
Daniel B. Meachem
140.000
215.000
135.000
165.000
150.000
R E C E IPT S
AND
I
D ISBU RSEM EN TS
Wm. M. Mills............
Legrand D. DeGraff.
William B. K err. . . .
John J. B oland ........
W ilpen.........................
OF
}
2 0 0 .0 0 0
130.000
130.000
125.000
125.000
130.000
200.000
200,000
150.000
]
1
j
650,000
165.000
210.000
100.000
157.000
150.000
D EPA RTM EN T.
In accordance with section 40 of the Banking Law the department has
collected on account of fees for annual examination of banks $27,604.02.
There has been turned over to the Secretary of State for franchise fees,
on account of new banks and increase of capital stock, $552.50, making
the total receipts of the department for the year $28,216.52.
In the latter part of this text will be found a list of the state banks
and trust companies, showing the dates on which they were examined
and the amount of the examination fee collected in each instance.
The aggregate footings of examiners’ reports (from which the amount
of examination fee is determined, as provided in section 40) have been
compared and checked with the amount of fees collected from each
bank by the State Treasurer, and I would respectfully call your atten
tion to his letter in this regard.
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Federal Reserve Bank of St. Louis
STATE
X X I1
B AN KING D EPA R TM EN T.
The expenses of the department for the year were as follows:
Salary of H. M. Zimmermann, Commissioner........................ $2,500 00
Salary of W. Donovan, Deputy Commissioner......................
2,000 00
Salary of Chas. M. Turner, Examiner (resigned Sept. 15,
1909) ..........................................................................................
1,205 G9
Salary of H. E. Johnson, Examiner..........................................
1,700 00
Salary of Jas. I. Van Iveuren, Examiner (resigned December
31st 1909) ..................... , . . ............................. ........................
1,700 00
Salary of Chas. H. Ayers, Examiner (resigned Feb. 1st, 1909)
146 40
Salary of Grant J. Brown, Examiner (resigned July 1st,
1909) ............................................................... ................' . . . .
850 00
1,700 00
Salary of Chas. E. Toms, E x am in er.......................................
Salary of Chas. H. Adams, Examiner....................................
1,700 00
Salary of A. E. Manning, Chief Clerk and Examiner..........
1,700 00
Salary of Geo. S. Anderson, Examiner (resigned September
17th, 1909) ...................................................................
1,214 93
Salary of Carl E. McAlvay, Examiner..................................
1,700 00
Salary of Hira C. Moore, Examiner (appointed February 1st,
1909) ..........................
1,553 60
Salary of John A. May, Examiner (appointed July 1st,
850 00
1909) ................................................. : . . . . ....................'.........
Salary of John D. Morton, Examiner (appointed September
20th, 1909) ........................................ . ..................................
475 82
Salary of John C. Barron, Examiner (appointed December
6th, 1909) ......................
115 49
Salary of extra clerks ......................
2,743 69
Expense incurred in the examination of banks.......................
8,050 20
Printing and binding .................................................................
2,310 88
Postage ..........................................................................................
510 00
Miscellaneous, viz.: Stationery, express, telephone, etc..........
987 93
Total ............................................................................... $35,714 63
From the above it will be noted that the net cost of bank supervision
to the state for the year 1909 was $7,498.11, a decrease of $785.61 as
compared with 1908. In other words, while the total expenses of the
department increased but $515.62 the increase in the receipts amounted
to $1,301.23.
As before mentioned in this report 738 examinations were made dur
ing the year, which in number is 44 more than in 1908, notwithstanding
the fact that there has been an aggregate increase in bank assets to be
examined of $29,500,000.00. In other words the nine examiners have
covered the State twice during the year, making 738 examinations and
inspecting $540,000,000.00 of bank assets, at a cost to the people of
the State of $7,498.11.
LEGISLATION .
With one exception every recommendation contained in my annual
report for the year 1908 was enacted into law by the Legislature of 1909.
These recommendations were concurred in by the Michigan Bankers’
Association, which association through its executive committee actively
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Federal Reserve Bank of St. Louis
R EPO R T
OF T H E
COM MISSIONER.
xxiii
assisted in securing the passage of the amendments. Aside from re
pealing nine sections of the Banking Law which had become obsolete,
a synopsis of the amendments is as follows:
Requiring directors to meet monthly.
Examination and authorization of loans and investments made by
officers since preceding meeting and requiring a complete record of such
meetings entered upon bank record book and signed by president and
secretary.
Giving Commissioner power to levy and collect assessment on stock
holders in case of impairment of capital stock.
Increasing Commissioner’s and Deputy’s salary from $2,000 and $2,500
to $2,500 and $3,500, respectively; placing examiners on a graduated
scale, with a minimum and maximum salary of $1,700 and $2,000, re
spectively.
Providing for the rehabilitation of an insolvent bank by its stockhold
er's and its restoration to them by the receiver.
An important amendment was that providing for the appointment of
the Commissioner of Banking, Deputy Commissioner, a State Bank Ex
aminer, or some other suitable person, as receiver of insolvent institu
tions, having for its purpose the prevention of protracted and long drawn
out receiverships of State banks. This amendment provides that when
anyone connected with the State Banking Department is appointed re
ceiver, the salary shall not be in excess of that paid him by the State
while in the department. The benefits accruing from this amendment
will be obvious to those already familiar with the history of receiver
ships.
Another important amendment was that prescribing a penalty for not
separating commercial and savings investments and reserves in banks
combining both classes of business. The law requiring the separation
had been on the statute books for over fifteen year, and under it our
supreme court has held in cases of insolvency that such investments
specified in the law as savings investments must be set aside for the
benefit of savings depositors, and in Peters v. Receiver of the City Sav
ings Bank, Detroit, 131 Mich. 322, in holding that savings deposits con
stituted a trust fund, the following significant language was used: “So
long as it is entirely possible to trace the fund which was invested in
these securities as a fund derived from the savings department, we think
there is no difficulty in saying that it should be impressed with a trust
in favor of the savings depositors.”
While state banks have in nearly every instance during the past
fifteen years invested the required amount of their savings deposits in
the securities set forth in the law, yet since the passage of the amend
ment, a complete separation and segregation of savings investments and
reserves has been made. In construing the act, I have held that the
savings investments, together with the savings reserves, must equal the
amount of saving deposits. I have pleasure in reporting as an illustra
tion of the unanimity and willingness with which the state banks have
conformed to the law as amended, that on November 16, 1909, the total
savings deposits amounted to $151,290,000, while the aggregate savings
investments exceeded this sum by nearly $4,000,000.
The law further provides that a legal reserve of at least 15 per cent
be maintained on savings deposits, and that three-fifths of the remainder
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Federal Reserve Bank of St. Louis
X X IV
STATE
BANKING D EPA R TM EN T.
of such deposits (or approximately $75,000,000, according to November
16 report) be invested in certain specified securities. At the time of that
report Michigan state banks had so invested $95,000,000, or an excess
over requirements of $20,000,000.
Under the Michigan Law, the separation and segregation of savings
investments and reserves is not a complex matter, a physical separation
of the cash not being required. The banks’ books, however, must show a
sufficient amount of cash to the credit of each department. All securities
must be stamped or labeled “savings” or “commercial,” and the total
must correspond with the entries on the general ledger or daily state
ment book.
Michigan is but one of few states that requires this separation and
segregation. I am of the opinion that had all the states been operating
their savings banks or safeguarding their savings deposits in this man
ner, the agitation for the guaranteeing of deposits or the establishment
of postal sayings banks would not have confronted us; but, on the other
hand, deposits would have been encouraged and greatly augmented on
account of a more widespread confidence on the part of the depositiimpublic.
&
With the amendments made to the Michigan Banking Act in 1909
the people of Michigan are to be congratulated on having on the statute
books a law which will compare favorably with that of any of the older
and more populous states of the Union. I am not unmindful of the fact,
however, that in this as in other lines Michigan cannot remain at a
standstill. New conditions must of necessity arise and must and will
be met at the proper time. With the character of the men controlling
the banking institutions of Michigan, and with the awakening of public
interest in all matters pertaining to banking and departmental super
vision thereof, the future of state banking in Michigan is indeed most
promising.
The foregoing report is most respectfully submitted.
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Federal Reserve Bank of St. Louis
Commissioner of the Banking Department.
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
OPINIONS OF THE ATTORNEY GENERAL.
EXCESSIVE
LOANS.
On account of the importance of the subject of excessive loans I deem
it advisable to again publish the construction of section 52 of the Rank
ing Law in this regard as submitted to this department by the Attorney
General in the year, 1903 :
Lansing, Mich., May 23, 1903.
Hon. George W. Moore, Commissioner of Banking, Lansing, Michigan:
Dear Sir—I am in receipt of your communication of the 19th inst. re
ferring to the General Banking Law of this State, and requesting my
opinion upon the following questions :
“First, How much money may the directors of a bank loan to any per
son, or company, or corporation, or firm, by a two-tliirds vote of its
board of directors?
Second, How much money may any bank loan on any one line of com
mercial paper?
Third, May a bank increase the first named line by the bond or per
sonal endorsement of the officers or directors of a firm, company or
corporation, or by the assignment of value as collateral?”
In considering these questions I desire to call your attention to section
{>141 of the Compiled Laws, being section 52 of the General Banking
Law of this State, which provides in part as follows: “The total liabili
ties to any bank of any person or of any company, corporation or firm
for moneys advanced, including in the liabilities of the company or firm
the liability of the several members thereof, except special partners, shall
at no time exceed one-tenth part of the amount of the capital and sur
plus of such bank; but the discount of bills of exchange drawn in good
faith against actually existing values and the discount of commercial
or business paper actually owned by the person negotiating the same
shall not be considered as money borrowed: Provided, however, That
the foregoing limitations shall not apply to loans on real estate or other
collateral securities authorized by this act: Provided, however, That by
a two-thirds vote of the directors the liabilities of any bank of any per
son, or company, or corporation, or firm may be increased to a sum not
exceeding one-fifth of the capital and surplus of the bank.”
It is evident that this limitation was borrowed from the National
Banking Law, section 5200 of the Revised Statutes of the United States,
providing as follows: “The total liabilities to any association, or any
person, or of any company, corporation, or firm for money borrowed, in
cluding in the liabilities of the company or firm, the liabilities of the
several members thereof, shall at no time exceed one-tenth part of the
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Federal Reserve Bank of St. Louis
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STATE BANKING DEPARTMENT.
amount of tlie capital stock of such association actually paid in ; but
the discount of bills of exchange drawn in good faith against actually
existing values, and the discount of commercial or business paper
actually owned by the person negotiating the same, shall not be con
sidered as money borrowed.”
This provision, as found in our General Banking Law and also in the
National Banking Law, has never been construed by the courts in so far
as it relates to the particular question submitted by you.
The Supreme Court of Pennsylvania, in the case of O'Hare v. Second
National Bank of Titusville, 77 Pa. St. 102, referring to this provision
in its application to National banks, makes use of the following lan
guage : “Evidently the limitation of the indebtedness to the one-tentli
in the 20th section, was intended as a general rule for conducting the
business of the bank; a rule laid down from experience to regulate its
loans for its own best interest and those of stockholders and creditors,
not a rule to regulate its customers. I t was, as remarked in Fowler v.
Scully, a regulation to prevent these associations from splitting on the
rock which has ruined so many banks, to-wit, that of lending too much
of their capital to one person or firm. The intention being to protect
the association and its stockholders and creditors from unwise banking,
we cannot suppose it was meant to injure them by forbidding recovery
of the injudicious loans.”
In Vol. 29 of the Ainer. & Eng. Encv. of Laws, 2nd ed. p. 382, we find
the following with respect to the limitation found in the National Bank
ing Law : “The object of this provision of the statute was to guard
National banks from the hazard of speculative loans, but it contemplated
and permitted to an unlimited amount the discount of paper used and
required in facilitating the transfer of property and money in the
transaction of the legitimate business of the country.” Citing Oswego
Second National Bank v. Burt, 93 N. Y. 244.
It was evidently the intent of the legislature, in enacting the provi
sion above referred to, as found in the banking law of this State, to
guard the banks organized thereunder from the hazard of speculative
loans, and to prevent such banks from advancing or loaning too much
of their money to any one person, firm or corporation, and in construing
the statute with respect to the exception, it is necessary to keep con
stantly in mind the purpose of the limitation, and not to construe the
provision relating to the exceptions therefrom in such a way as to de
stroy the force and effect of the limitation itself. The exceptions to
which I refer relate to the discount of bills of exchange drawn in good
faith against actually existing values, and the discount of commercial
or business paper actually owned by the person negotiating the same,
and which, in my opinion, should be strictly construed and should be
held to apply to no transaction that did not clearly and fully come with
in the provisions of the statute in this particular. Black on Interpreta
tion of Laws, 275.
I find that the questions which you submit for my consideration are
quite fully considered in P ra tt’s Digest, pages 93-94-95, in their applica
tion to national banks, but 1 am unable to concur in some of the con
clusions reached which do not seem to be based upon judicial decisions,
and which, in my opinion, tend to defeat the very purpose of the limita
tion. It is an elementary proposition recognized by the courts with re
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spect to statutory or constitutional inhibitions, that you cannot do in
directly that which you are prohibited from doing directly. In their
application to commercial paper, the terms “loans” and “discounts” are
synonymous. Amer. & Eng. Ency. of Law, Yol. 21, 2nd ed. 381. The
question who is borrower is not always to be determined from the posi
tion of the parties as they appear on the paper. The borrower may
be the maker or the endorser. P ratt's Digest, 94. Our statute provides
that in the discount of commercial or business paper actually owned
by the person negotiating the same, it shall not be considered as money
borrowed. The application of this provision, in my opinion, relates ex
clusively to the person negotiating the paper. The statute contemplates
that he alone shall be considered as not receiving a loan from the bank.
With respect to the maker of such paper who is primarily liable, if such
maker has received credit at the bank to the full limit imposed by law,
the bank should not be permitted to discount such paper, as in that
event the liability of the maker would exceed the liability permitted by
the General Banking Law, and if such a transaction should be per
mitted, it would indirectly defeat the very purpose for which this limita
tion was imposed.
In determining the questions submitted by you, I realize that there
may be some doubt as to the proper construction of these provisions in
the absence of any judicial determination as to their proper meaning.
In view of the fact that the several banks of this State organized under
the General Banking Law, are subject to State supervision, not only for
the protection of the banks themselves, but for the protection of the
persons doing business with such banks, the laws relating thereto should
l*e constructed in such a manner as to afford such protection in every
possible way, until such time as the courts may determine otherwise.
In answer to your first question, I would therefore say that, in my
opinion, the amount which the directors of a bank would be authorized
to loan to any person, or company, or corporation, or firm, by a twothirds vote of its board of directors, would not exceed one-fiftli of the
capital and surplus of the bank, and it would be immaterial whether
such loan was secured or unsecured, excepting, of course, loans on real
estate or other collateral securities authorized by the General Banking
Law.
In answer to your second question, I would say that the same rule
would apply to any one line of commercial paper that would apply to
any one person, company, firm or corporation.
In answer to your third question 1 would say that, in my opinion, it
is immaterial whether such loan is secured by the bond or personal
endorsement of the officers or directors of the firm, company or cor
poration, or by the assignment of value as collateral, except where such
loan is made upon real estate or other collateral securities recognized
by the General Banking Law. In this connection I call your attention to
the rule laid down in the Amer. & Eng. Ency. of Law, Yol. 21, 2nd ed.,
page 382, to the effect that “Drafts may be bona fide bills of exchange
drawn upon actual existing values within the meaning of the statute,
though not accompanied by specific bills of lading in each case. It is
sufficient if they are drawn against property previously consigned and
existing either in its original form or in the shape or proceeds of sales
in the hands of the consignees.” This rule, of course, applies to the
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STATE
XXX
BANKING
D EPA R TM EN T.
federal statute. The State and federal statute being identical in this
particular, unquestionably the same rule would apply to a bank organ
ized under the General Banking Law of this State.
Respectfully yours,
C h a s . A. B l a ir ,
Attorney General.
The following opinions have been rendered during the years 1907,
1908 and 1909 by the Attorney General’s department on questions con
cerning the construction of the Banking Law :
CORPORATION STOCKS AS TRUST COM PANY IN V EST M E N TS.
Lansing, Michigan, March 21, 1907.
Hon. Henry M. Zimniermann, Banking Commissioner, Lansing, Mich.:
Dear Sir—This department has given careful consideration of your
inquiry of the 13th inst., as to whether trust companies organized under
Act ]Sio. 108 of the Public Acts of 1889 have the right to invest in the
stocks of Savings Banks; and particularly to the question as to whether
section 11 of this act (Compiled Laws of 1897, Section G166) permits
such investment.
It is the opinion of this department that there is no general right
under the laws of this State on the part of trust companies to invest
in the stock of other corporations; and, further that the clause in sec
tion 11 of the above act, which authorizes the directors to invest in
“such real or personal securities as they may deem proper” does not
authorize investment in the stock of private corporations.
Respectfully yours,
J n o . E. B ir d ,
Attorney General.
A U TH O RITY
TO
SUBSCRIBE
ARTICLES
OF
INCORPORATION
AS
“ TRUSTEE”
REQUIRED.
Lansing, Michigan, August 7, 1907.
Hon. Henry M. Zimniermann, Commissioner State Banking Department,
“Capitol,” Lansing:
Dear Sir—I t appears that steps are being taken to organize a bank
under the General Banking Law of this State, with a capital stock of
$100,000. From the articles of association which have been prepared, it
appears that, approximately, sixty per cent, of such capital stock has
been subscribed for by certain persons designated as “trustees” ; that
such articles do not disclose the names or residences of the cestui que
trust in any instance, or the authority of the person subscribing as
trustee to act in that capacity.
In this connection, you ask my opinion as to whether or not it would
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XXXI
be proper for you to issue tlie certificate of authority provided for by
section 7 of the General Banking Law.
In reply thereto would say that section 2 of the Banking Law re
quires the persons associating in the organization of a bank to execute
articles of incorporation, which shall specify, among other things, “the
names and places of residence of the stockholders and the number of
shares held by each of them.” The latter part of section 4 provides as
follows: “No bank shall transact any business except such as is in
cidental and necessarily preliminary to its organization until it has
been authorized by the Commissioner of the banking department to
commence the business of banking.” The articles of incorporation are
required to be executed in triplicate, one to be recorded in the office
of the county clerk of the county in which the bank is located; one
filed in the office of the Commissioner of the banking department; and
one filed in the office of the Secretary of State. When such articles of
incorporation are properly executed and filed and recorded, as required
by law, and the Commissioner of the banking department is notified
that at least fifty per cent, of its capital has been paid in, and that
such bank has complied with all the provisions of the general bankinglaw; before the bank shall be authorized to commence business, the
Commissioner is required to examine into the condition of such bank,
and if it is found that such organization is in accordance with the
statute and that the various provisions of the law have been complied
with, a certificate of authority to engage in the business of banking is
issued by such Commissioner. When the statute is not complied with
in any essential particular, it is clearly my opinion that such certificate
of authority should be withheld. It seems to me that articles of in
corporation which do not fully disclose the name and residence of the
cestui que trust, where the stock is subscribed for by a trustee, and
which also fails to disclose the authority to subscribe for such stock
in that capacity, do not conform to the requirements of the general
banking law, and, under such conditions as you have outlined, it would
be your duty to refuse to issue the certificate of authority provided for
by law.
1 do not deem it essential to point out the numerous complications
that might arise if stock in a banking corporation should be subscribed
for in the manner indicated. I t is sufficient to say that it does not
conform to the requirements of the General Banking Law.
Kespectfully yours,
J n o . E. B ir d .
A t tor m y Genera l.
CERTIFICA TES OF INDEBTEDNESS AS LEGAL IN V EST M E N TS.
Lansing, Michigan, October 23, 1907.
Hon. H. M. Zimmermann, Commissioner of the Banking Department,
“Capitol,” Lansing, Michigan :
My Dear Sir—I am in receipt of your communication of the 16th
inst. in which you ask whether or not certificates of indebtedness is
sued in payment for voting machines under the provisions of section 13
of Act 217 of the Public Acts of 1905 are proper investments for sav
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STATE
X X X I1
BANKING
D EPA R TM EN T.
ings Banks under subdivision (b), section 27 of the General Banking
Law, which provides that a certain portion of the savings deposits of
such banks shall be invested as follows:
“ (b). In the public debt or bonds of any city, county, township, vil
lage or school district of any state or territory in the United States,
which shall have been authorized by the legislature of such state or
territory: Provided, the total indebtedness of such municipality does
not exceed five per cent, of its assessed valuation, except by a vote of
two-thirds of the board of directors, such bonds may be purchased if
the total liabilities do not exceed ten per cent, of its assessed valuation.1”
You also state that it has always been the ruling of the banking
department that the term “public debt” and “bonds” were synonymous
and that an issue of bonds, in order to be a proper investment for sav
ings banks under this subdivision, must previously have received the ap
proval of the voters of the municipality issuing the bonds.
For answer to your inquiry I would say it is my opinion that the
ruling of your department places too narrow a construction upon the
statute. The terms “public debt” and “bonds” are not synonymous.
The term “public debt” includes not only a bonded debt, but also other
form of public indebtedness.
State v. Hickman, 11 Mont. 541, and cases cited.
The statute under which certificates of indebtedness are issued in pay
ment for voting machines reads as follows:
“The local authorities, on the adoption and purchase of a voting ma
chine, may provide for the payment therefor in such manner as they
may deem for the best interest of the locality and may for that purpose
issue bonds, certificates of indebtedness or other obligations, which shall
be a charge on the city, town or village. Such bonds, certificates or
other obligations may be issued with or without interest, payable at such
time or times as the authorities may determine, but shall not be issued
or sold at less than par.”
The legislature has the undoubted right to authorize debts of this
character to be incurred without the vote of the electors of the muni
cipality.
Callan v. The City of Saginaw, 50 Mich. 7.
I am of the opinion that the certificates of indebtedness issued under
authority of this section come within the term “public debt” as used
in subdivision (b), section 27 of the General Banking Law, and that,
consequently, saving banks may lawfully invest their funds in such cer
tificates of indebtedness.
Respectfully yours,
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Federal Reserve Bank of St. Louis
J n o . E . B ird ,
Attorney General.
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XXX111
STRICTLY COM M ERCIAL BA N K S ¡MUST AM END ARTICLES TO TRANSACT SAVINGS
b u s in e s s .
Lansing, Michigan, October 28, 1907.
lion. H. M. Zimmermann, Commissioner of the Banking Department,
Lansing, Mich. :
Dear Sir—I am in receipt of your communication of the 16th inst.
requesting an opinion upon the question of whether or not a hank
organized as a purely commercial bank under the General Banking Law
of the State is authorized to advertise for savings deposits and do a
general bank business under the exception contained in section 24 of
th at law, which provides:
“Commercial banks may allow interest on accounts or certificates
of deposit, but all deposits in such banks shall be payable on demand
without notice, except when the contract of deposit otherwise provides.”
For answer thereto, I would say that the General Banking Law in
section 1 provides that any number of persons, not less than five, “may
associate to establish offices of discount and deposit, to be known as
commercial banks, and also to establish offices of loan and deposit to be
known as savings banks, or to establish banks having departments for
both classes of business,” etc.
Under section 2 of the General Banking Law, the articles of in
corporation are required to specify the nature of the business to the
carried on, whether that of a commercial bank, savings bank, or both.
Sections 23, 24 and 25 of the same law contain certain provisions re
ferring to “any bank which, by its articles of incorporation, shall
designate its business as that of a commercial bank;” and section 26
and succeeding sections of the same law contain provisions governing
“any bank which by its articles of incorporation shall designate its busi
ness as that of a savings bank;” and section 29 contains provisions gov
erning “any bank combining the business of a commercial bank and a
savings bank” and provides that “all receipts, investments and trans
actions relating to each of said classes of business shall be governed by
the provisions and restrictions herein specifically provided for the re
spective kinds of banks.”
Reading all these provisions of the General Banking Law together, it
is clear that it was not intended to permit a bank organized as a
strictly commercial bank to engage in the business of a savings bank,
and that the exception contained in section 24, to which reference has
been made, was not intended to have that effect. Before a commercial
bank, organized as such, can conduct a savings bank business, it must
amend its articles of incorporation so as to provide for conducting both
classes of business.
Respectfully yours,
J no . E . B ird ,
Attorney General.
E
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Federal Reserve Bank of St. Louis
•
STATE BANKING DEPARTMENT.
X X X IV
B A N K S CANNOT EXTEND T H E IR CREDIT TO AN INDIV IDUAL OR BANK»
June 10, 1908.
Hon. H. M. Zimmermann, Commissioner, Banking Department, “Capi
tol,” Lansing:
Dear Sir—I have your communication of June fifth, enclosing certain
correspondence with th e......................... bank.
I t appears from your communication that this hank, by an arrange
ment with certain private banks, permits the latter to issue drafts
payable out of the funds of the former bank on deposit with its cor
respondent banks at New York and Chicago. You state that you have
taken the position that such practice is illegal, and request an opinion
as to the propriety of this holding.
Replying thereto would say, any attempt upon the part of any bank
to permit anyone or any institution to issue drafts payable out of its
deposit with correspondent banks is an attempt to perform and act
and permit an arrangement not authorized by law. The bank pos
sesses no authority to extend its credit to any individual or bank in
the manner set forth in your communication. Such a practice may
operate to the detriment of depositors and may impair the faith and
credit of the bank. The practice in question is without authority of
law. You possess general power under the statute to prohibit such
practice, and it is the duty of the officials of the bank to cancel this ar
rangement.
Respectfully yours,
J no . E. B ird,
•
Attorney General.
S IM IL A R IT Y
OF TRUST
COM PANY
T IT L E S .
June 30, 1908.
Hon. Henry M. Zimmermann, Commissioner of Banking, Lansing, Mich
igan :
Dear Sir—I am in receipf of yours of the 19th instant in which you
state that a certain corporation organized under Act 232, Public Acts
of 1903, as the “ ......................... and Trust Company” is engaged in
the business of selling various kinds of securities, and request the
opinion of this department as to whether it is permissible for such a
concern to do business under a name so closely allied to that of insti
tutions organized under Act 108, Public Acts of 1889, under which trust
companies are organized.
Subdivision 1 of section 2 of Act 232, Public Acts of 1903, contains
this proviso :
“No name shall be assumed already in use by any other existing cor
poration of this State, or corporation lawfully carrying on business in
this State, or so nearly similar as to lead to uncertainty or confusion.”
Under the decisions of the courts of this State it seems to be clear
that the question of the right to use a corporate name not identical with
that of another existing corporation depends upon whether the names
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REPORT OF THE COMMISSIONER.
XXXV
are so similar that persons would be likely to deal with one concern
when they believed in good faith they were dealing with the other.
See—
Lamb Knit Goods Co. v. Lamb Glove & Mitten Co., 120 Mich.
159;
Penbertha Injector Co. v. Lee-Penbartha Mfg. Co., 120 Mich.
174;
Supreme Lodge Knights of Phythias v. Improved Order Knights
of Pythias, 113 Mich. 133;
Great Hive L. O. T. M. v. Supreme Hive, 135 Mich. 392, 415.
It would seem also if the similarity of the name of a corporation
organized under Act 232, Public Acts of 1903, to the names of corpora
tions organized under Act 108, Public Acts of 1889, which is the trust
company act, was such that people dealing with it would be deceived
into believing that they were dealing with a corporation which was
under the supervision of the banking department, that the use of such a
name could properly be restrained in a proceeding instituted for that
purpose.
Very respectfully yours,
J n o . E. B ir d ,
Attorney General.
ASSESSM EN T
IN
CASE
OF
IM P A IR M E N T
NOT A UTHORIZED.
July 29, 1908.
Hon. Henry M. Zimmermann, Commissioner of Banking, “Capitol,”
Lansing:
Dear Sir—We have carefully examined the letter o f ................. cashier
of t h e .................................... Bank, of date July 18, 1908, together with
the enclosures accompanying same.
Section 42 of the General Banking Law, being section 6131 of the
Compiled Laws of 1897, gives the Commissioner of Banking authority
when he finds the capital of any bank is impaired or reduced below the
amount required by law, to require such bank to make good the defici
ency within ninety days after a written requisition is made, and in
case the impairment is not made good it becomes his duty, with the
concurrence of the Attorney General, to institute proceedings for the
appointment of a receiver to wind up the affairs of the bank. The law
does not prescribe the method by which this impairment is to be made
good. I t makes no provision for an assessment upon the stockholders
of the bank, nor is there any authority under the statutes of this State
for the stockholders or directors to make such an assessment. There
being no statutory authority for making the assessment, it follows that
an assessment made by the stockholders or directors could not be en
forced against dissenting shareholders. The only method of making an
assessment against the stockholders of a bank is under section 46 of
the General Banking Law, section 6135 of the Compiled Laws of 1897.
This assessment can only be made when the bank is in process of liquida
tion.
I t is o u r vieAv of t h i s s t a t u t e t h a t i t c o n te m p la t e s a v o l u n t a r y c o n tr i
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XXXVI
bution, on tlie part of the shareholders in order to prevent the affairs
of the bank being liquidated by order of the Commissioner, and leaves
it open to the bank to make good the deficiency in any manner that
seems to it feasible. The only alternative in case of the failure of the
bank to make good the deficiency is for the Commissioner to proceed
as directed by the statute.
We return the letter and enclosure herewith.
Very respectfully yours,
J no . E. B ird ,
Attorney General.
FOREIGN B A N K S
NOT PER M ITT ED
TO TRANSACT B U S IN E SS .
July 29, 1908.
Hon. Henry M. Zimmermann, Commissioner of Banking, “Capitol/’
Lansing:
Hear Sir—We are in receipt of yours of the 3d instant in which you
enclose a letter from Reginald F. Fennell, under date of June 20, 1908,
in which he submits the following inquiry:
“Is there any license necessary or other legal form required to be
gone through with for banks doing business outside of the State of
Michigan, to establish an agency or representative in this State? In
the event of there being any restriction, kindly advise to what extent.”
In reply to this inquiry will say that the Legislature has by statute
prescribed strict conditions to be complied with by corporations desir
ing to engage in the business of banking, or in loaning and investing
money. There is no statutory provision which permits foreign corpora
tions'to come into this State for the purpose of engaging in that kind
of business. The fact that the Legislature has seen fit to lay down
these conditions for domestic corporations desiring to engage in such
business and to place them under the supervision of the State bankingdepartment indicates clearly an intention on the part of the Legislature
to prohibit foreign corporations from engaging in such business.
In this connection we desire to call your attention to the case of—
New York Mortgage Co. v. Sec. of State, 150 Mich. 197, 202.
which was a mandamus proceeding against the Secretary of State to
compel the issuance of a license to do business in this State to a cor
poration desiring to engage in the business of making “loans secured
by mortgages on real estate, to sell such mortgages and bonds of this
company secured by mortgages on real estate, but said bonds are not
to be sold on the installment plan.”
In response to the contention of the relator in that case that it should
be admitted to do business under our foreign corporation law, the court
said :
“In other words such construction would operate as to such foreign
corporations as a repeal of all the beneficial and protective provisions
of Act No. 205, Public Acts of 1877. To hold that such was the Legis
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xxxvii
lative intent would be contrary to every suggestion that, arises to the
mind, upon the consideration of the proposition. Our construction of
the act is that banking corporations and those corporations which are
within the contemplation of our banking laws are not within the pro
visions of the act authorizing foreign corporations to transact business
in this State.”
In view of the above, we are of the opinion that foreign banks have
no right to engage in business in this State, or to establish an agency
or representative in this State for the transaction of business.
We return Mr. Fennell’s letter herewith.
Very respectfully yours,
J no . E . B ird,
Attorney General.
INCREASE OF CAPITA L NOT REQUIRED P.Y B A N K S IN E X T E N S IO N OF CORPORATE
L IM IT S .
BRANCH B A N K S PER M ITT ED IN
CERTAIN
IN STA N C ES.
May 27, 1909.
Hon. Henry M. Zimmermann, Commissioner of the Banking Department,
Capitol, Lansing, Michigan.
Dear Sir—I am in receipt of your letter of the 29th ultimo in which
you state that a bank organized with a capital of $20,000.00 in a village
adjacent to a large city subsequently became located within the corpor
ate limits of the city by an extension of the boundaries of the city to
include the territory formerly embraced within the limits of the village;
the bank thus coming into the city with a capital less than is required
by statute of banks organized within the city. You also state that it is
now suggested that this bank may establish branches within the city and
request an opinion upon the following:
First, Whether or not you have authority to require a bank organized
in a village, when it becomes located in a city by the extension of the
corporate limits of the city, to increase its capital in accordance with
the number of inhabitants of the city.
Second, Whether or not a State bank has authority to establish
branches in the city or village in which it is authorized by its articles
of incorporation to transact business.
In reply will say that Section 1 of the General Banking Law (Sec
tion 6090 C. L.) provides for the establishment of commercial and sav
ings banks in cities and villages in the state and prescribes the minimum
capital that banks may have, based on the population of the city or
village in which the bank is to be located.
Section 2 of the act provides that the articles of incorporation shall
specify among other things :
“The county and city or village where such bank is to be located and
to conduct its business;”
Section 7 provides that upon compliance with the statute the Commis
sioner of the Banking Department shall give the bank a certificate under
his hand and official seal that the bank has complied with the statute
and is authorized to commence business.
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xxxviii
STATE BANKING DEPARTMENT.
The contingency arising in the case of the bank to which your refer
apparently was not anticipated by the framers of the General Banking
Law as that law contains no provision requiring a bank established with
in a village which becomes located in a city by reason of the extension
of the corporate limits of the city to increase its capital in accordance
with the population of that city. Neither is there in the Banking Law
any provision requiring a bank after its organization within a city of
a certain population to increase its capital as the population of the
city increases.
The bank upon complying with the provisions of the statute was given
the right by the state to conduct its business within the village. It did
not voluntarily remove to the city but became located therein by opera
tion of law through the extension of the corporate limits of the city.
The provision of the statute requiring banks to have a certain capital
according to the population evidently has reference to the establishment
of banks in the first instance. As heretofore stated, a bank once law
fully established with the required capital according to the population
of a city is not required to increase its capital although the population
of the city may increase to such an extent that a new bank could not
be established therein without having a much larger capital. A careful
consideration of the provisions of the General Banking Law leads me
to the conclusion that a bank once lawfully established in a village with
the required capital in accordance with Section 1 of the General Bank
ing Law is not required under the provisions of that law to increase its
capital when it becomes located within a city by reason of the extension
of the corporate limits of the city to include the village.
For answer to your second question I would say that no authority to
establish branches is conferred upon banks by any provision of the laws
of this state. In the absence of statute a bank has no authority to es
tablish branches at which a general banking business is conducted.
MaGee on Banks and Banking, page 41,
Atty. Gen. v. Oakland Co. Bank, Walk, page 90.
While a bank has no authority to establish branches unless expressly
authorized by statute so to do, it seems that it may have an agency for
the transaction of some part of its business in the city or village desig
nated in its charter as the place where the bank is to be located and to
conduct its business.
In MaGee on Banking, page 41, are compiled the provisions in force
in the different states relating to this subject and of this state it is said:
“There is no law authorizing the establishment of branches. Agencies
are permitted which are restricted in their operations to receiving and
paying out of deposits and issuing exchange.”
and several instances of banks located in the cities, of Detroit and Lan
sing having established agencies of this character are noted.
The agencies established by the banks at the cities indicated have been
conducted by the banks for some time and the right of the banks to
establish such agencies does not appear to have been heretofore ques
tioned by the Banking Department or any officer of the State. In view
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X X X IX
of the foregoing I am of opinion that a bank may establish agencies of
the character of those indicated herein within the limits of the city or
village in which the bank is located. Inasmuch as a bank originally
located in a village, and which becomes located in a city by the extension
of the corporate limits of the city, has authority to conduct its business
within the city, it would have the same right to establish agencies of
this character as a bank originally organized within the city.
Respectfully yours,
(S ig n e d )
J n o . E . B ir d ,
Attorney General.
notes
and
s e c u r it ie s
d e p o s it e d
w it h
trust
c o m p a n ie s
not
legal
SAVINGS IN V EST M E N TS.
May 27, 1909.
Hon. Henry M. Zimmermann, Commissioner of the Banking Department,
Capitol, Lansing, Michigan.
Dear Sir—I am in receipt of your letter of the 29tli ultimo in which
you ask whether or not notes and securities representing fractional parts
of large loans where the security is deposited with a trust company are
legal investments for a state bank under Section 27 of the General Bank
ing Law (Section 6116 C. L.) as amended by Act 322 of the Public Acts
of 1907.
In reply would say that this section provides in Subdivision (i) that
a certain proportion of the savings deposits of the bank shall be invested
by the board of directors as follows:
“Upon notes or bonds secured by mortgage lien upon unencumbered
real estate worth at least double the amount loaned; the remainder of
such deposits may be invested in notes, bills or other evidences of debt,
the payment of which is secured by the deposit with the bank, of collat
eral security consisting of personal property or securities of known
marketable value, worth ten per cent more than the amount so loaned
and interest for the time of the loan; or may be invested in notes, bills
or other evidence of debt, the payment of which is secured by such
property or securities deposited in a collateral deposit company organ
ized under the laws of this state;”
I t is evident that the notes and securities in question come within the
class last referred to in this subdivision, to-wit: “notes, bills or other
evidence of debt, the payment of which is secured by such property or
securities deposited in a collateral deposit company organized under
the laws of this state.”
This provision was incorporated in this subdivision of Section 27 by
Act No. 322, Public Acts of 1907. The same legislature enacted a law
providing for the incorporation of “safety and collateral deposit com
panies,” the same being Act No. 240 of the Public Acts of 1907, having
power under the provisions of Section 9:
“To receive on deposit, in trust, any personal property deposited with
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xl
STATE BANKING DEPARTMENT.
it by individuals, partnerships or corporations, as collateral security
for the payment of bonds, or other obligations issued by such individuals,
partnerships or corporations, and to enter into and execute any in
struments in writing necessary and proper to carry such trusts" into
effect.”
Section 11 places every corporation organized under the act and en
gaging in this branch of the business under the supervision of the Com
missioner of the Banking Department.
These acts were passed by the same legislature; are in pari materia
and must be construed together. Thus construed, the collateral de
posit companies organized under the laws of this state referred to in
the amendment to the General Banking Law must be held to refer to
collateral deposit companies organized under the provisions of Act
240 of the Public Acts of 1907. 1 am informed that at this time there
are no collateral deposit companies organized in this state under that
act. Consequently, I am of opinion that savings banks have no authority
to invest their funds in notes and securities under subdivision (i) of
Section 27 of the General Banking Law where the security for the same
is deposited with a trust company.
Kespectfully yours,
(S ig n e d )
J n o . E . B ir d ,
Attorney General.
STATE B A N K S ORGANIZED BY STOCKHOLDERS OF N A TIO N A L B A N K S.
June 10, 1909.
Hon. Henry M. Zimmermann, Commissioner of the Banking Department,
Capitol, Lansing:
Dear Sir—I am in receipt of your communications of the 29tli ultimo
requesting an opinion upon the question of whether or not a State bank
may legally be organized in this State by the stockholders of a National
Bank under a plan substantially as follows:
The stockholders of the national bank enter into an agreement with
the officers of the national bank by the terms of which the stockholders
agree that the officers may take the necessary steps to organize a State
bank with a prescribed capital, the shares of which may be subscribed
for in the first instance by such persons as may be selected by the officers,
but when paid for shall be held in the names of such persons as from
time to time shall be the officers of the national bank, as trustees, which
said trustees may exercise during the life of the trust all the rights and
powers of absolute owners of the stock except to the extent that they
may be ordered otherwise by express directions in writing signed by a
majority of at least two-thirds in interest of the persons beneficially
interested in the stock. The dividends upon said stock are to be re
ceived by the trustees and paid by them to the national bank for dis
tribution among the stockholders of the national bank pro rata ac
cording to their ownership of record of shares of stock in the national
bank, the trust to continue as long as the national bank shall continue to
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REPORT OF THE COMMISSIONER.
xli
do business unless sooner terminated by a request in writing of a ma
jority of at least two-thirds in interest of the capital stock of said bank.
The necessary capital for the state bank is to be furnished by a special
or extra dividend declared by the national bank. It is provided that
the stock in the State bank shall be held by the trustees and that no
person shall have the right to transfer his interest therein otherwise
than by the transfer of the ownership of stock in the national bank upon
the books of the latter. The only evidence of the beneficial interest of
any person in the stock of the State bank is that given by an endorse
ment on the back of the certificates of stock of the national bank to the
effect that the owner of the shares represented by that certificate is
beneficially interested in common with all other stockholders of the na
tional bank in a pro rata amount of the capital stock of the State bank
and that said beneficial interest cannot be sold or transferred otherwise
than by the transfer of the shares of stock represented by the certificate
upon the books of the national bank, and that the beneficial interest in
the stock of the State bank shall pass with the transfer of the shares of
the national bank represented by the certificate. It is further provided
that no person shall be eligible to the office of director of the State bank
who is not a director of the national bank.
For reply to your inquiry I would say that the General Banking Law
of this State contains no provision that would prohibit the stockholders
in a national bank from organizing a State bank upon compliance with
the provisions of the General Banking Law. Neither is there in that law
any provision expressingly prohibiting the stockholders in a State bank
from entering into an agreement in substantially the form indicated
above. The agreement is not between the national bank and the State
bank, but is between the stockholders in those banks. As between the
State bank and the State, any agreement of this character between the
stockholders of the bank would be wholly ineffectual to prevent the State
from exercising a supervisory control over the affairs of the bank, or
enforcing the liability of the stockholders, in accordance with the pro
visions of the General Banking Law. I t is true that there are cases
holding that agreements between stockholders in corporations imposing
a permanent restraint upon the alienation of their shares of stock are
invalid, but under the terms of this agreement a stockholder may trans
fer his shares of stock in the State bank provided he also transfers his
shares of stock in the national bank. I t does not seem that there is in
that case such a restraint upon the alienation of the shares as would ren
der the agreement invalid.
Upon due consideration of the matter I am of opinion that, so far as
the State is concerned, the plan outlined for the organization of a State
bank is, in its general features, valid under the General Banking Law
of the State. I express no opinion, however, upon the validity of the
details of any particular plan for such organization, leaving those ques
tions to be determined when it is sought to organize a State bank upon
this plan and the details of the proposed plan of organization are before
me.
Respectfully yours,
(Signed) J no . E . B ird ,
Attorney General.
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xlii
STATE BANKING DEPARTMENT.
BANK
E X A M IN E R S PU B L IC OFFICERS.
June 30, 1909.
Hon. Henry M. Zimmermann, Commissioner of Banking Department,
Capitol, Lansing:
Dear Sir—I am in receipt of your letter of June 17th in which you
submit the amendment to Section 38 of the Banking Law relative to the
salaries of examiners, and request the opinion of this department as to
whether the examiners who have already been employed by the Banking
Department for three years will be entitled to the increase in their sal
aries when the amendment becomes operative.
In reply thereto will say that Section 3 of Article XVI of the revised
constitution provides, in part:
“Salaries of public officers, except circuit judges, shall not be in
creased, nor shall the salary of any public officer be decreased, after
election or appointment.”
In determining the question submitted it is important to ascertain
first whether a bank examiner is a public officer within the meaning of
this section of the revised constitution. Mechem defines a public office
to be:
“The right, authority and duty, created and conferred by law, by
which for a given period, either fixed by law or enduring at the pleasure
of the creating power, an individual is invested with some portion of
the sovereign functions of the government, to be exercised by him for the
benefit of the public.” (Mechem on Public Officers, Sec. 1.)
And he points out two essentials: First, The delegation of sovereign
functions; Second, Powers created and conferred by law. (Sec. 4 & 5).
In Section 9 he states:
•
“Any man is a public officer who hath any duty concerning the public,
and he is not the less a public officer where his authority is confined to
narrow limits; for it is the duty of his office and the nature of that
duty which make him an officer, and not the extent of liis authority.”
Section 38 of the Banking Law provides for the appointment of bank
examiners, fixes their salaries and requires them to file a bond of ten
thousand dollars. Section 39 authorizes the examiners to examine banks
and to examine the officers, agents, clerks, customers or depositors upon
oath, and makes false swearing before such examiner perjury. Section
40 requires the examiner to take an oath to keep secret all facts and
information obtained in the course of his examinations. Section 41 au
thorizes the commissioner to ask for the appointment of a receiver in
case of a refusal of a bank to submit to an examination by an examiner.
True, the statute, in Section 38, states that the commissioner shall
“employ from time to time such examiners,” but the fact that the ap
pointment of a bank examiner is designated as an employment does
not change the nature of the duties prescribed by law. Clearly, the stat
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xliii
ute in question delegates sovereign functions to the examiner and the
powers are created and conferred by law, the two essentials to the crea
tion of an office as pointed out by Prof. Mecliem. See also the language
of Justice Cooley in:
Throop v. Langdon, 40 Mich. 673, 682.
The amendment to Section 38 submitted by you reads as follows:
“Salaries of the examiners shall be the sum of seventeen hundred dol
lars per annum during the first year of their employment as such, and
shall be increased one hundred dollars each year of such employment
until the full sum of two thousand dollars is reached, which sum shall
be their annual salary thereafter.”
A bank examiner being a public officer as we have heretofore shown,
the constitutional provision above quoted would apply. The language
of the constitution is plain that the salaries “shall not be increased,
nor shall the salary of any public officer be decreased, after election or
appointment.” There are cases holding, as in the case of bank examin
ers, where the tenure of the office is at the pleasure of the appointing
power that a constitutional provision, that the compensation shall not be
increased or diminished during the term for which the officer is elected
or appointed, does not apply to officers who have no fixed term.
29 Cyc. 1429,
Gibbs v. Morgan, 39 N. J. Eq. 126,
Somers v. State, 5 S. D. 321,
58 N. W. 804,
id.
5 S. D. 584,
59 N. W. 962.
“But an examination of these cases shows that the decisions turn upon
the proposition that the constitutional provision could not apply to an
officer who had no fixed term. The language of our constitutional pro
vision makes no reference to the term, but prohibits the increase or the
decrease of the salary after election or appointment.
I am therefore of the opinion that the amendment to Section 38 of
the Banking Law, made by Senate Enrolled Act 42, is void in so far
as it provides for an increase of the salaries of bank examiners now in
the employ of the department, or who may be in its employ when the
amendment takes effect.
In this connection I call your attention to the fact that the provisions
of the statute cannot be evaded by an examiner resigning before the
taking effect of the amendment and accepting an appointment after the
amendment is in force.
See—
29 Cyc. 1428,
Green v. Hudson Co., 44 N. J. L. 388.
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Very respectfully yours,
(S ig n e d )
J n o . E. B ir d ,
Attorney General.
xliv
STATE BANKING DEPARTMENT.
CA PITA L STOCK R E Q U IR E M E N TS OF B A N K S AFFECTED BY E X TE N SIO N OF COR
PORATE L IM IT S .
Nov. 12, 1909.
Hon. Henry M. Zimmermarm, Commissioner of Banking, Capitol, Lan
sing :
Dear Sir—Replying to your letter of the 19th Lilt., in which yon re
quest our opinion as to whether th e..................... Bank which was lo
cated in the village of................. recently annexed to the city of..........
may increase its capital stock from twenty thousand dollars to fifty
thousand dollars, will say that we held, in an opinion to you under date
of May 9, 1909, that this bank could not be deprived of its right to do
business under its original incorporation with a capital stock of twenty
thousand dollars, by the fact of annexation of the village of..............
to the city of............. We reached that conclusion by reason of the fact
that the bank was lawfully incorporated with a capital of twenty thou
sand dollars to do business i n ..........; that the examination o f .........
placed the bank in the city o f ..............without its consent, and that it
could not be thus deprived of its right to do business under its original
incorporation.
'
.
Now, however, this bank proposes, by its own voluntary act, to in
crease its capital stock, thus, in a measure, effecting a re-organization.
The whole aim and purpose of the statute, Section 1 of the General
Banking Law is to provide a minimum capital for hanks graded ac
cording to the population of the city or village in which they are situ
ated. In order to prevent a reduction of the capital below the minimum,
it is provided in Section 10 that “no reduction shall be made to a less
amount than is required in Section 1 for capital.’ To permit this hank
to substantially reorganize by increasing its capital, without increasing
its capital stock to at least the minimum amount required for the city
of............. , would, in my judgment, do violence to the intent of the legis
lature, as expressed in Sections 1 and 10 of the Banking Law, to which
I have referred. The bank is now a corporation of the city of . ............
The law relating to the amount of capital stock in ............. is different
than in .................
While I do not think the bank could be deprived of its rights to con
tinue during the period of its corporate existence, with a capital of
twenty thousand dollars, by the annexation, I am constrained to hold
that in taking advantage of the statute relative to the increase of capi
tal stock, it must be governed by the provision of the statute applica
ble to the city o f .........., and must, therefore, if it increases its capital at
all, increase it to at least the minimum amount required for cities hav
ing a population of over one hundred and ten thousand inhabitants, as.
prescribed by Section 1 of the Banking Law.
Very truly yours,
(S ig n e d )
-Jn o . E. B ir d ,
Attorney General..
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■fi '
REPORT OF THE COMMISSIONER.
xlvii
T h e fo llo w in g i s a lis t o f b a n k s e x a m in e d a n d th e a m o u n t p a i d b y each , a s r e q u ir e d b y s e c tio n
JfO of the g e n e r a l b a n k in g la w .
Amount.
paid.
Name of bank.
325
Addison State Savings bank.......................................
Addison........................
Feb. 16...
Aug. »2
S25 00
162
Adrian State Savings Bank...........................................
Adrian..........................
April 26 ..
Nov. 8 ..
147 61
89
The Commercial Savings Bank............................
Adrian..........................
Feb. 8
July 27
66
Lenawee County Savings bank...............
Adrian.................
April 28
171
Waldby
Adrian........................
April 7
179
Albion State Bank........................................................
Albion..........................
April 29
Nov. 1 .
33 45
167
Commercial and Savings Bank.....................................
Albion..........................
May 17 .
Nov. 2 .
30 58
314
Allegan State Savings Bank.........................................
Allegan.........................
Jan.
6 ...
June 2 9 ...
25 00
323
First State Bank..........................................................
Allegan.........................
Jan.
5
June 28
40 44
233
First State Bank of Alma....................................
Alma.........................
Jan.
4
May 20
39 74
232
The Alma State Savings Bank.....................................
Alma............................
April 19
Sept. 2 0 ....
25 00
437
Almont Savings Bank...................................................
Almont.........................
Dec. 2 .
169
Alpena County Savings Bank.......................................
Alpena......................
May 24
Farmers’ State Bank....................................
Alto.....................
Mar. .SO
Oct. 19
25 00
Ann Arbor Savings Bank..............................................
Ann Arbor..................
May 24
Oct. 25
283 49
302
48
&
Clay’s State Bank..............................
Location.
Date first Date second
examination examination
No.
63 44
85 90
84 94
25 00
178 19
26
Farmers’ and Mechanics’ Bank.....................................
Ann Arbor....................
333
German-American Savings Bank.................................
Ann Arbor....................
Feb. 23
Oct. 28 ...
144
State Savings Bank.......................................................
Ann Arbor...................
Feb. 15
Aug. 24
228
Armada Savings Bank..................................................
Armada........................
Mar. 30
July 27
30 09
213
Athens State and Savings Bank...................................
Athens........................
Feb.
May
25 00
Aug. 2 3 ...
8
4
98 68
31 81
116 36
414
Farmers’ State Bank..................................................... Athens..........................
418
People’s State Savings Bank.........................................
Auburn......................... Aug. 11
25 00
25 00
Feb. 15
Sept. 1 4 ....
25 00
420
State Bank of Augusta..................................................
Augusta........................
236
State Bank of Frank W. Hubbard & Co......................
Bad Axe....................... Jan. 11
40 26
237
State Savings Bank of Bad Axe...................................
Bad Axe...................
•Tan. 12
29 30
Feb. 27
337
Nov. 8
State Exchange Bank..........................................
Bancroft.....................
62
West Michigan Savings Bank.......................................
Bangor.......................... May 18
394
Barryton State Savings Bank.......................................
Barryton......................
93
City Bank.....................................................................
Battle Creek................. May 24
Oct. 25
154 19
178
Merchants’ Savings Bank..............................................
Battle Creek.................
Oct 27
116 57
25 00
Oct. 12
April 10
32 03
25 00
63
Bay City Bank.............................................................
Bay City.........
Mar. 20
43
Bay County Savings Bank............................................
Bay City.....................
Mar. 22
Sept. 7
97 63
30
Commercial Bank......................................................
Bay City. . . .
May 17
Oct 18
Q5 49
96
Lumbermans State Bank.............................................
Bay City. . . .
17
Peoples Savings B ank.................................................. Bay City.........
Mar. 24
Oct, 1Q
84 31
.Tan
Tone 1
98 89
July 28__
25 00
Mar. 9.3
2
Belding Savings Bank...................................................
Belding..........
159
People’s Savings Bank..................................................
Belding. . . .
347
Bellaire State Bank.......................................................
Bellaire.........................| Mar. 2 4 ....
1
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Federal Reserve Bank of St. Louis
99fi 13
57 94
39 50
6
STATE BANKING DEPARTMENT.
L i s t o f b a n k s e x a m in e d . —Continued.
Location.
Date first
examination.
Benton Harbor State Bank...........
Benton Harbor.............
Feb. 1 7 ....
Farmers’ and Merchants’ B ank....
Benton Harbor.............
Feb. 1 5 ....
388
State Savings Bank.......................
Benton Harbor............. Feb. 2 4 ....
No.
Name of bank.
219
73
416
Berrien Springs State Bank...........
Berrien Springs............
Feb. 8 . .. .
259
Big Rapids Savings Bank.............
Big Rapids...................
Jan. 2 7 ....
248
Citizens’ State Bank......................
Big Rapids...................
Jan. 2 5 ....
411
First State Savings Bank..............
Birmingham.................
Feb. 2 5 ....
163
Blissfield State Bank.....................
Blissfield......................
Feb. 2 3 ....
221
Jipson-Carter State Bank..............
Blissfield......................
Feb. 2 0 ....
433
Farmers’ State Bank.....................
Breckenridge................
Dec.
187
First State Savings Bank..............
Breckenridge................
April 21__
7....
409
First State Savings Bank..............
Bronson........................
May 2 0 ....
312
Culver State Bank.........................
Brooklyn......................
April 6 . .. .
310
Farmers’ State Bank.....................
Brooklyn......................
April 5 ___
216
Brown City Savings Bank.............
Brown City................... May 1 8 ....
253
Citizens’ State Savings Bank........
Brown City................... May 19__
212
Burr Oak State Bank....................
Burr Oak......................
Jan. 2 7 ....
State Bank....-..............................
Byron...........................
Jan. 3 0 ....
Cadillac State Bank.....................
Cadillac........................
Feb.
People’s Savings Bank.................
Cadillac........................
Feb.
1 ....
291
State Bank...................................
Caledonia......................
Jan.
7....
333
Calumet State Bank....................
Calumet........................
Mar. 1 1 ....
Merchants’ and Miners’ Bank....
Calumet........................
Mar. 9 . .. .
320
First State Bank..........................
Camden........................
Feb. 1 6 ....
208
Capac Savings Bank....................
Capac............................
Mar. 3 0 ....
303
State Savings Bank of Carleton..
Carleton........................
April 2 3 ....
287
Commercial Savings Bank...........
Caro..............................
Jan. 2 6 ....
286
State Savings Bank......................
Caro..............................
Jan. 2 5 ....
72
State Bank of Carson City...........
Carson City................... April 2 6 ....
234
Exchange State Bank..................
Carsonville....................
Jan.
4 ....
180
State Bank of Carsonville...........
Carsonville....................
Jan.
5 __
421
Cass County State Bank.............
343
First State Bank..........................
. Central Lake................
Mar. 2 3 ....
391
Wolf Bros. State Bank................
Centreville....................
Feb. 2 5 ....
Charlevoix State Savings Bank...
Charlevoix....................
April
313
181
261
87
3 ....
Cassopolis................. .. Aug. 9 __
7....
Eaton County Savings Bank.
. Charlotte....................
June 5 . .. .
Cheboygan County Savings Bank.
. Cheboygan..................
Jan. 1 1 ....
Cheboygan State Bank................
. Cheboygan..................
Jan.
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9 . .. .
REPORT OF THE COMMISSIONER.
x lix
L i s t o f b a n k s e x a m in e d . —Continued.
No.
Name of bank.
Location.
Date first Date second
examination. examination.
Amount
paid.
X
397
Fanners’ and Merchants’ Bank..................
203
235
Chelsea.........................
April 3 ....
Nov. 4 ....
$25 00
The Kempf Commercial and Savings Bank
Chelsea.......................... April 2 6 ....
Nov. 8 . .. .
57 55
The Chesaning State Bank........................
Chesaning..................... Mar. 2 . .. .
Aug. 1 1 ....
424
Citizens State Bank....................................
Clare.............................
30 72
25 00
118
Clare County Savings Bank........................
Clare.............................
Jan. 1 1 ....
June 2 1 ....
26 43
267
E. Jossman State Bank..............................
Clarkston......................
Mar. 3 1 ....
Oct. 2 0 ....
25 00
376
Climax State Bank.....................................
Climax..........................
May 1 7 ....
Oct. 1 1 ....
25 00
104
Branch County Savings Bank....................
Coldwater..................... Jan. 2 5 ....
July 1 9 . . .
63 77
358
*Commercial and Savings Bank.................
Coleman........................ Jan. 2 0 ....
292
State Bank.____ ' .......................................
Coleman.......................
Jan. 2 0 ... . July 1 9 ....
25 00
427
E. Hill
Sons State Bank........................
Colon............................
July 2 9 ... .
25 00
433
Columbiaville State Bank..........................
Columbiaville...............
32
Farmers’ State Bank..................................
Concord........................
Jan. 2 0 ....
July 2 8 ....
30 37
174
Commercial State Bank..............................
Constantine..................
April 2 0 ....
Sept. 1 5 ....
25 72
&
25 00
173
First State Bank.........................................
Constantine..................
April 2 1 ....
Sept. 1 4 ....
33 49
281
Coopersville State Bank.............................
Coopersville..................
Feb. 9 . .. .
June 1 0 ....
27 66
406
State Bank of Montcalm County...............
Coral.............................
April 2 8 ....
Nov. 4 ....
25 00
339
Old Corunna State Bank............................
Corunna........................
Jan. 2 7 ....
July
6 . .. .
43 72
183
Sanilac County State Bank........................
Croswell........................
April 7 __
Oct.
6 . .. .
44 87
182
State Bank of Croswell...............................
•Croswell........................
April 1 2 ....
Nov. 1 ....
27 34
176
Davison State Bank....................................
Davison........................
Mar. 3 0 ....
Sept. 3 0 ....
25 00
319
Citizens’ State Bank...................................
Decatur........................
Jan. 1 1 ....
June 2 2 ....
25 00
25 00
102
First State Bank.........................................
Decatur........................
Jan. 1 1 ....
July
196
Farmers’ State Bank of Deckerville...........
Deckerville........... .
Feb. 2 4 ....
May 1 7 ....
195
State Bank of Deckerville..........................
Deckerville...................
April 1 5 . ..
Nov. 3 ....
25 00
335
Deerfield State Bank..................................
Deerfield......................
April
1....
Nov. 10 . . . .
25 00
301
Delton State Bank.....................................
Delton..........................
Jan. 2 3 ....
Aug. 4. ...
25 00
73
Central Savings Bank.................................
Detroit.........................
June 1 ....
Nov. 2 9 ....
250 69
47
Detroit Savings Bank.................................
Detroit.......................... Mar. 1 5 ....
Sept. 2 0 ....
960 81
Detroit Trust Company..............................
Detroit..........................
386
Detroit United Bank..................................
Detroit.......................... Mar.
9
Dime Savings Bank....................................
Detroit..........................
Mar. 22
6—
.
1 ....
25 00
424 54
Aug. 1 6 ....
198 28
May 10... . Oct. 1 1 ....
822 24
357
Fairview Savings Bank..............................
Detroit.......................... Mar. 2 7 ....
Oct. 1 2 ....
25 00
5
German-American Bank.............................
Detroit..........................
Feb.
July 1 2 ....
195 32
Feb. 15 .
1 ....
90
Home Savings Bank...................................
Detroit__ 7 .................
81
Michigan Savings Bank..............................
Detroit.......................... May 3 __
Dec. 1 3 . . .
310 37
15
Peninsular Savings Bank............................
Detroit..........................
June 14__
Dee. 2 7 ....
726 06
356
People’s State Bank...................................
Detroit.......................... April 1 2 ....
Nov. 1 5 ....
Security Trust Company............................
Detroit..........................
Liquidated; fee not paid.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
G
fi57 92
2,804 91
■ 264 38
1
STATE BANKING DEPARTMENT.
L is t o f b a n k s e x a m in e d . —Continued.
No.
/
Name of bank.
Location.
Date first Date second
examination. examination.
Amount
paid.
8456 2 4
Union Trust Company
Detroit..........................
Aug. 1 6 ....
United States Savings Bank.........................................
Detroit..........................
June 2 1 ....
Nov. 2 2 ....
144 43
6
Wayne County Savings Bank.......................................
Detroit..........................
June 7 . .. .
Dec. 3 0 ....
1,370 93
157
Deleter Savings Bank....................................................
Dexter..........................
Feb. 1 7 ....
July 2 1 ....
25 00
396
State Savings Bank.......................................................
Dowagiac......................
April 6 ... . June 2 2 ....
25 00
351
Drvden State Bank.......................................................
Dryden.........................
Mar. 24. ...
422
Farmers’ State Bank
Dryden.........................
Sept.
Dundee........................
June 1 0 ....
Durand........................
Aug.
7....
161
Sept. 8.. ..
25 00
25 00
7....
Nov. 2 6 ....
25 00
142
Monroe County Bank
49,«
Fir*5! Commercial and Savings Bank
124
Shiawassee County Bank..............................................
Durand.........................
Feb.
4 ....
July 1 0 ....
28 71
238
State Bank of Fast Jordan . .
East Jordan.................
May 1 1 ....
Oct. 1 4 ....
25 00
Michigan State Bank....................................................
Eaton Rapids...............
Feb.
July
Fdmore State Bank . .
Edmore........................
Feb. 9 ....
53
193
................................................
.............................................
1 ....
25 00
3 ....
35 93
Aug. 2 __
25 00
403
Peoples State Bank.......................................................
Edmore........................
Feb. 1 0 ....
Aug. 3 ....
25 00
129
Flk Bapids Savings Bank . .
Elk Rapids................... April 5 . .. .
Oct, 2 5 ....
25 89
27 60
342
State Savings Bank
Elsie.............................. April 20__
Oct.
299
State Savings Bank.
Escanaba......................
Mar. 1 6 ....
Aug. 1 9 ....
5 . .. .
38 39
295
Fvart Savings Bank ....................................................
Evart............................
Jan. 1 2 ....
June 2 2 ....
25 00
152
First State Savings Bank..............................................
Evart............................
Jan. 1 3 ....
June 23.. ..
35 47
215
Old State Bank.............................................................
Fennville.....................
April28.. ..
Oct.
6 . .. .
25 00
209
Commereial Savings Bank of Fenton...........................
Fenton..........................
Jan. 1 1 ....
June 2 8 ....
.29 11
384
Fenton State Savings Bank.........................................
Fenton..........................
Jan. 1 2 ....
June 29.. . .
101
Citizens’ Commereiid and Savings Bank. .
Flint.............................
Feb. 1 0 ....
Sept.
125 49
Aug. 9 .. ..
191 60
207 25
Cenesee County Savings Bank . .
Flint.............................. Feb. 8 . .. .
431
Industrial Sa.vings Bank. . .
Flint.............................
Nov. 3 ....
165
Union Trust and Savings Bank. . .
Flint.............................
May 1 7 ....
Nov. 1 ....
23
25 00
7....
25 00
126
First State and Savings Bank.......................................
Flushing.......................
Jan.
4 ....
June 1 7 ....
33 68
223
Peoples’ State Bank......................................................
Flushing.......................
Jan.
2 . .. .
June 1 5 ....
25 00
141
State Savings Bank of Fowler.. .
Fowler..........................
Jan. 2 6 ....
July
25 57
State Bank....................................................................
Fowlerville...................
Jan. 25. .. . June 2 4 ....
999
Bennie Conn tv State Savings Bank..............................
Frankfort...................... Mar. 2 2 ....
Sept, 2 2 ....
25 00
997
Fremont State Bank .
Fremont.......................
Jan. 1 8 ....
July 2 1 ... .
27 51
Old State Bank.............................................................
Fremont.......................
Jan. 1 9 ....
July 1 9 ....
35 52
309
State Savings Bank.......................................................
Gagetown.....................
Mar. 2 3 ....
Oct. 2 8 ....
25 00
420
Galesburg State Bank
Galesburg.....................
Nov. 3 ....
June 2 4 ....
28 05
293
345
.............................................
7 . .. .
25 00
25 00
153
Gavlnrd State Savings Bank. .
Gaylord........................
Jan. 1 3 . ..
298
State Bank.....................................................................
Gladwin........................
May 19... . Dec.
949
Grand Haven State Bank.............................................
Grand Haven...............
Mar. 24.. . . Sept. 3 0 ....
41 66
308
Grand Ledge State Bank............................................... Grand Ledge................
June 1 4 ....
25 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Jan.
5 ....
1.. ..
25 00
R EPO R T
OF
THE
COM MISSIONER.
li
L is t o f b a n k s e x a m in e d . —Continued.
No.
Name of bank.
Location.
Date first Date second
examination. examination.
Amount
paid.
389
Loan and Deposit Bank................................................ Grand Ledge................
4__
$45 89
276
Commercial Savings Bank............................................
Grand Rapids............... Mar. 2 1 ....
Sept. 2 7 ....
221 52
316
City Trust and Savings Bank.......................................
Grand Rapids...............
Oct.
61
Grand Rapids Savings Bank.........................................
402
April 1 9 ....
April 20__
Oct.
6 . .. .
56 16
Grand Rapids............... April 2 6 ....
Nov. 2 9 ....
246 01
Sept. 1 3 ....
620 30
3 __
Dec. 2 7 ....
208 58
Kent State Bank...........................................................
Grand Rapids...............
Mar. 1 ....
Michigan Trust Company..............................................
Grand Rapids...............
May 2 4 ....
108
People’s Savings Bank..................................................
Grand Rapids...............
May
359
Grandville State Bank.................... ' ............................
Grandville....................
Jan. 1 3 ....
June 3 0 ....
25 00
340
Grant State Bank.........................................................
Grant............................
May
Oct. 30. ..
25 00
4 ....
146 84
27
Farmers’ Bank of Grass Lake.......................................
Grass Lake...................
Jan. 1 9 ....
July
8 . .. .
25 02
263
Commercial State Savings Bank...................................
Greenville.....................
Feb. 1 0 ....
July 2 6 ....
29 06
188
Greenville State Bank.................................................
Greenville.....................
Feb.
9 . .. .
July 2 8 ....
49 12
410
Gwinn State Savings Bank...........................................
Gwinn........................... Mar. 1 2 ....
Aug. 23__
25 00
435
Hamtramck State Bank................................................
Hamtramck..................
Nov. 1 1 ....
25 00
Superior Trust Company............................................... Hancock.......................
20 02
326
Emmet County State Bank..........................................
254
Huron County Savings Bank.......................................
Harbor Beach...............
Feb. 2 3 ....
Oct. 26___
26 45
412
State Bank of Harbor Beach........................................
Harbor Beach...............
Feb. 2 3 ....
Oct. 2 5 ....
25 00
355
State Savings Bank.......................................................
Harrison.......................
May 1 3 ....
Dec.
6 . .. .
25 00
369
Alcona County Savings Bank.......................................
Harrisville....................
May 1 8 ....
Oct. 1 9 ....
25 00
June 1 6 ....
27 82
Oct 12
50
Oceana County Savings Bank.......................................
Hart.............................. Jan.
11
Hastings City Bank......................................................
Hastings.......................
5 . .. .
Feb. 2 __
441
Hemlock State Bank..................................................... Hemlock.......................
434
Highland Park State Bank...........................................
Highland Park.............
Nov. 1 0 ....
361
Montmorency County Savings Bank............................
Hillman........................
May 1 7 ....
July
7 . .. .
54 38
25 00
25 00
Oct. 1 8 ....
25 00
260
First State Savings Bank..............................................
Hillsdale.......................
Jan. 2 5 ....
July 2 0 ....
35 28
78
Hillsdale Savings Bank.................................................
Hillsdale.......................
Jan. 2 6 ....
July 1 9 ....
65 85
121 25
56
First State Bank of Holland.........................................
Holland........................
June 7 ___ Dec. 6 . .. .
91
Holland City State Bank..............................................
Holland........................
June 21.......
Dec. 8 . .. .
92 91
322
People’s State Bank......................................................
Holland........................
April 2 6 ....
Oct.
4 ....
26 78
262
Citizens’ Savings Bank..................................................
Holly............................
Mar. 3 0 ....
Oct. 2 0 ....
25 00
106
First State and Savings Bank.......................................
Holly............................
Mar. 2 2 ....
Sept. 2 0 ....
432
Holton State Bank........................................................
Holton..........................
Dec. 2 8 ....
255
Calhoun State Bank......................................................
Homer..........................
Jan. 2 7 ....
July 1 9 ....
28 38
353
Hopkins State Bank......................................................
Hopkins........................
Feb.
4 ....
June 2 3 ....
25 00
25 00
47 02
25 on
109
First State and Savings Bank.......................................
Howell..........................
Feb.
3 ....
June 2 4 ....
140
Boies State Savings Bank.............................................
Hudson........................
Jan. 2 5 ....
July 2 0 ....
52 19
143
Thompson Savings Bank..............................................
Hudson......................... Jan. 2 5 ___ July 2 1 ....
85 99
24
Lapeer County Bank....................................................
Imlay City....................
68 80
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Mar. 2 9 ...
Sept. 2 8 ....
lii
STATE BANKING DEPARTMENT.
L i s t o f b a n k s e x a m in e d . —Continued.
No.
Name of bank.
Location.
191
State Savings Bank...................................
Ionia.............................
135
Commercial Bank.....................
iron Mountain
Peninsula Bank.......................................
Ishpeming .
Commercial State Bank.....................
Ithaca ..........
12
264
Date first Date second
examination. examination.
Oct. 18
Aug. 25
60 42
Nov. 1
25 00
150
Ithaca Savings Bank...................
Ithaca..........
Central State Bank...................................
Jackson ...........
Julv 6 ...
177
Jackson City Bank......................
Jackson ......................
Dec. 13
Jackson State Savings Bank... .
Jackson ........................
Union Bank..........................
Jackson........................
14
115
Grosvenor Savings Bank............................................... Jonesville......................
147
Home Savings Bank.............
Kalamazoo...................
1
8118 68
80 50
Mar. 15
387
186
Amount.
paid.
42 01
May 2 9 ....
34 08
206 73
Dec. 6 . .. .
114 61
Dec.
214 21
0 ...
July 2 0 ....
30 07
Feb. 1 7 ....
Aug. 2 . . . .
71 79
Kalamazoo Savings Bank...........
Kalamazoo...................
Feb. 2 3 ....
Sept. 1 3 ....
145 59
257
Kalkaska County State and Savings Bank..................
Kalkaska......................
April 2 1 ....
Oct. 2 6 ....
25 00
425
Peoples State and Savings Bank. . .
Kalkaska......................
Sept. 20....
383
Union State Bank...............
Laingsburg.........
Feb.
417
Lake City State Bank. . . .
Lake City....................
July 14...
283
Farmers’ and Merchants’ Bank of Lake Odessa..........
Lake Odessa.................
May 6 . .. .
Nov. 2 . . . .
Lake Odessa State Savings Bank
Lake Odessa.................
May 5 . .. .
Nov. 3 ........
25 00
300
Farmers’ and Merchants’ State Bank..........................
Lakeview......................
Feb. 8 . .. .
Aug. 4. .. .
25 00
125 27
41
2....
25 00
July 3 1 ....
25 00
25 00
25 00
133
Lansing State Savings Bank.........................................
Lansing........................
June
1....
Dec. 2 0 ....
271
Lapeer Savings Bank.............
Lapeer..........................
April 20.. ..
Nov. 24.. ..
29 57
117
State Savings Bank.......................................................
Lapeer..........................
April 1 9 ....
Oct.
50 02
201
State Savings Bank of Laurium.................................... Laurium.......................
Mar. 1 2 ....
Aug. 18... .
96 90
People’s Bank..........................
Leslie............................
Jan. 1 8 ....
June 1 6 ....
25 00
8
............................
4 ...
184
Lexington State Bank...............
Lexington....................
April 1 2 ....
Nov. 1
25 00
408
Litchfield State Savings Bank....................................... Litchfield......................
Feb. 1 0 ....
July 2 4 ....
25 00
300
City State Bank..........................
.................
Lowell..........................
Jan. 2 0 ....
July 2 2 ....
25 00
111
Lowell State Bank........................................................
Lowell..........................
Feb.
1 ....
July 14. . . .
30 15
239
Ludington State Bank..................................................
Ludington....................
April2 8 ....
Nov. 1 0 ....
130
Antrim County State Savings B an k ............................
Maneelona....................
April 1 9 ....
Sept. 2 1 ....
242
People’s Bank of Manchester........................................
Manchester...................
Feb. 24. ...
Aug. 2 5 ....
30 29
172
Union Savings Bank....................
........................
Manchester...................
Feb. 25.. . . Aug. 4.. . .
51 89
116
Manistee County Savings Bank....................................
Manistee.......................
June 1 ....
Nov. 8 . .. .
Manistique Bank......................
Manistique.................... Mar. 1 3 ....
Aug. 2 1 ....
51 95
Mantón State Bank......................................................
Manton........................
April 2 9 ....
Oct. 2 8 ....
25 00
3ál
First State Savings Bank..............................................
Marcellus......................
Mar. 1 ....
Aug. 1 1 . ..
25 00
198
G. W. Jones Exchange Bank.......................................
Marcellus......................
Mar. 2 . .. .
Aug. 1 0 ....
40 03
272
Home Savings Bank......................................................
Marine City.................
Jan. 18...
July 2 0 ...
25 00
122
Marine Savings Bank....................................................
Marine City..................
Jan. 2 0 ...
July 21__
40 69
21
296
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
......................
32 09
152 92
R EPO R T
OF
THE
COMMISSIONER.
liii
L is t o f b a n k s e x a m in e d . —Continued.
No.
Name of bank.
Location.
Date first Date second
examination. examination.
Amount
paid.
346
Marion State Bank........... ...........
Marion..........................
April
7....
Sept. 2 1 ....
252
Commercial State Bank...............
Marlette........................
Feb.
1 ....
July 1 3 ....
35 51
338
State Savings Bank.......................
Marlette........................
Feb. 2 . .. .
July 1 2 . . .
25 00
100
Marquette County Savings Bank.
Marquette....................
Mar. 1 0 . ..
Aug. 26__
98 51
137
Commercial Savings Bank...........
Marshall........................ May 1 9 ....
Nov. 2 4 ....
89 82
July 20 . ..
25 22
$25 00
22
Farmer’s Bank.............................
Mason...........................
Feb.
3 ....
107
First State and Savings Bank.......
Mason...........................
Jan.
7 ___ July 19__
32 10
334
Memphis State Bank...................
Memphis......................
Mar. 3 1 ....
Oct. 20. ..
25 00
Jan. 2 8 ....
Aug. 5 . .. .
25 0Ò
Aug. 1 4 ....
27 84
168
First State Bank..........................
Mendon........................
324
Commercial Bank....................
Menominee...................
285
State Bank...................................
Merrill..........................
423
Metamora State Savings Bank...
Metamora..................... Sept. 4 ....
274
Farmers’ State Bank...................
Middleville....................
April 5 . .. .
Oct.
87
Midland County Savings Bank...
Midland........................
Jan. 1 9 ....
July 2 0 ....
25 00
309
People’s Savings Bank.................
Midland........................
Jan. 18
July 19
.
25 OO
28 57
April
7....
Oct.
6 ....
25 00
25 00
7 . .. .
36 73
77
Farmers’ and Merchants’ Bank...
Milan............................
Feb. 9 . . .
Aug. 26__
288
Minden City State Bank.............
Minden City.................
Jan. 1 6 . . .
June 1 4 ....
25 00
413
State Savings Bank.......: ..............
Minden City.................
June 1 0 ....
Dec. 2 7 ....
25 00
25 00
363
Keweenaw Savings Bank.............
Mohawk........................
Mar. 13 .. .. Aug. 2 0 ....
318
B. Dansard
Son’s State Bank.
Monroe.........................
Jan. 1 1 ....
June 2 8 ....
54 99
321
Monroe State Savings Bank........
Monroe.........................
Jan. 1 2 ....
June 2 6 ....
25 00
202
Wakefield State Bank..................
Morenci........................
Jan. 1 3 ....
June 3 0 ....
42 78
222
Citizens’ Savings Bank................
Mt. C le m e n s ■...........
April 2 8 ....
Dee. 2 2 ....
67 51
&
51
Mt. Clemens Savings Bank..........
Mt. Clemens.................
April 26__
Nov. 8 . .. .
132 69
158
Ullrich Savings Bank...................
Mt. Clemens.................
May 1 1 ....
Nov. 9 . .. .
82 56
170
Exchange Savings Bank..............
Mt. Pleasant.................
Feb.
1 ....
July 1 3 ....
37 14
277
Isabella County State Bank........
Mt. Pleasant.................
Feb. 2 . .. .
July 1 2 ....
44 87
60
Muskegon Savings Bank.............
Muskegon.....................
April
7....
Oct.
4 ....
77 49
19
Farmers' and Merchants’ Bank...
Nashville......................
April 2 0 ....
Oct.
5 . .. .
46 01
311
State Savings Bank.....................
Nashville......................
Mar. 4 ....
Oct.
4 ....
25 00
368
First State Bank..........................
Newaygo......................
399
Newberry State Bank....................
Newberry...................... Mar. 10. . . . Aug. 2 8 ....
25 00
245
New Haven Savings Bank............
New Haven..................
Jan. 1 6 ....
July
8 . .. .
25 00
240
Niles City Bank.............................
Niles.............................
Feb. 9 ....
July
8 . .. .
25 00
no
36
Pioneer Bank.................................
North Branch...............
Mar. 2 2 ....
Oct. 25. ..
38 19
367
Lapham State Savings Bank.........
Northville....................
Jan. 2 5 ....
July 2 9 ....
25 00
Northville....................
28 25
145
Northville State Savings Bank....
349
Onaway State Banking Company.
280
Onaway State Savings Bank.........
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Onaway........................
Feb. 8 . .. .
July 2 6 ....
Mar. 30 . . . .
Sept. 2 7 ....
25 00
Mar. 2 9 ....
Sept. 2 7 ....
25 00
STATE BANKING DEPARTMENT.
liv
L i s t o f b a n k s e x a m in e d . —Continued.
Name of bank.
No.
Location.
Date first
examination.
lid.
378
Onsted State Bank........................................................
Ousted..........................
Feb. 1 5 ....
125 00
304
Citizens State Savings Bank.........................................
Orion............................
Mar. 2 3 ....
25 00
190
Orion State Bank..........................................................
Orion............................
Jan.
25 00
305
Otisville State Bank...................................................... Otisville........................
Mar. 2 4 ....
25 00
373
First State Savings Bank............................................
Otsego..........................
Jan. 1 2 ....
25 00
5 . .. .
199
State Savings Bank.......................................................
Ovid...............
Jan. 1 3 ....
25 00
185
Citizens’ Savings Bank..................................................
Owosso.........................
Jan.
4 ....
68 37
112
Owosso Savings Bank.................................................... Owosso..........................
Feb. 2 . .. .
65 76
370
State Savings Bank.......................................................
Owosso....
Jan.
5 . .. .
48 38
328
Farmers’ State Bank...................................................
Oxford...
April 1 9 ....
25 00
34
Oxford Savings Bank....................................................
Oxford.........
Jan.
G ....
57 90
59
Paw Paw Savings Bank................................................
Paw Paw....
Jan. 2 0 ....
25 44
247
State Savings Bank of Peck.........................................
Peck. .
April 6 __
25 00
132
State Bank of Perry............................ K j ....................
Perry. . . .
Mar.
25 00
119
First State Bank............................................................ Petoskey...
Mar. 10 . ..
46 40
348
Pigeon State Bank........................................................
Pigeon.
May 17. .
25 00
25 00
1 ....
400
Pinconning State Bank.................................................
Pinconning. ..
Mar. 31
282
Citizens’ State Savings Bank........................................
Plain well. . . .
April 2 2 ....
30 60
99
Plymouth United Savings Bank...................................
Plymouth.....................
Feb. 3 ...
57 57
275
American Savings Bank................................................
Pontiac................
140
First Commercial Bank................................................. Pontiac..........
..
40 78
May 24. ..
160 26
May 27
149
Oakland Count}' Savings Bank.....................................
Pontiac..........
May 26
.
79 21
211
Pontiac Savings Bank............................ .....................
Pontiac. . . .
May 24
.
109 92
Commercial Bank....................................................
Port Huron
May 17
75
375
179 65
German-American Savings Bank.................................. Port Huron.. .
25 00
49
Port Huron Savings Bank.............................................
Port Huron.
Mar. 8. .
98
St. Clair County Savings Bank.....................................
Port Huron..................
May 10
330
Maynard-Alien State Bank...........................................
Portland. . .
Feb. 24
385
Webber State Savings Bank.........................................
Portland..........
Feb. 23
217
Quincy State Bank........................................................
Quincy.........
09
State Bank of Reading..................................................
Reading........................
372
Commercial Savings Bank.............................................
Reed City. . . .
April 2 1 ...
25 00
393
State Savings Bank.......................................................
Remus...
April 20
25 00
206
Macomb County Savings Bank.....................................
Richmond (Lenox F.O.) Jan. 1 8 ....
44 71
429
Bank of Riverdale.........................................................
Riverdale ...
25 00
43 34
..
119 40
..
28 43
Jan. 27
..
25 00
May 10
..
25 00
32 17
332
River Rouge Savings Bank...........................................
River Rouge...
Feb. 24
224
Rochester Savings Bank................................................
Rochester. . .
Mar. 2
36 12
380
State Savings Bank.......................................................
Rochester.....................
Mar.
25 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1 ....
25 00
R EPO R T
OF T H E
COM MISSIONER.
lv
L is t s o f b a n k s e x a m in e d . —Continued.
Date first Date second
examination. examination.
Amount.
paid.
Name of bank.
Location.
331
Rockford State Bank....................................................
Rockford......................
April 2 4 ....
Nov. 2 2 ....
$25 00
354
Presque Isle County Savings Bank..............................
Rogers City..................
Mar. 3 1 ....
Sept. 2 9 ....
25 00
194
Romeo Savings Bank....................................................
Romeo..........................
Jan. 1 9 ....
July
6 __
64 51
371
Roscommon State Bank................................................
Roscommon.................
April 6 . .. .
Oct.
5 . .. .
25 00
374
Royal Oak Savings Bank..............................................
Royal Oak....................
Feb. 1 7 .... Aug. 26 . . . .
25
Bank of Saginaw... P....................................................
Saginaw.................... ,.
May 2 9 ....
38
People's Savings Bank of East Saginaw......................
Saginaw........................
May 3 __
Dec. 2 2 ....
107 13
84
Saginaw County Savings Bank.....................................
Saginaw........................
Feb. 8 .......
Aug. 9 ...
111 94
390
Saint Charles State Bank..............................................
Saint Charles................
April 2 1 ....
Oct.
29
Commercial and Savings Bank.....................................
Saint Clair....................
Jan. 1 9 ....
July 1 9 ....
44 12
39
Clinton County Savings Bank.......................................
Saint Johns................... April 1 7 ....
Oct.
2 __
53 05
45
State Bank of St. Johns................................................
Saint Johns..................
Jan. 2 5 ....
July 2 6 ....
52 61
31
Union Banking Company..............................................
Saint Joseph.................
Feb. 24 ...
Aug. 24
.
49 02
42
Commercial Savings Bank............................................. Saint Louis...................
Feb. 24__
Oct. 19
..
35 25
Oct. 18 . ..
25 00
No.
Dec. 2 0 ....
7....
25 00
688 62
25 00
197
Gratiot County State Bank...........................................
265
The Citizens’ Bank........................................................ Saline............................
Jan. 2 7 ....
July 2 8 ....
38 34
395
Saline Savings Bank......................................................
Saline............................
May 6 . .. .
Nov. 9 ...
25 00
231
State Bank of Sandusky...............................................
Sandusky......................
May 18 . ..
Nov. 2 9 ...
26 55
200
Truman Moss State Bank.............................................
Sandusky......................
May 1 9 ....
Nov. 30 ...
25 00
225
Saranac State Bank......................................................
Saranac........................
Mar. 2 9 ....
Sept. 7 ...
26 08
Oct.
25 00
Saint Louis................... Feb. 2 0 ....
350
Fruit Growers’ State Bank.-.........................................
Saugatuck....................
April 27
269
Central Savings Bank....................................................
Sault Ste. Marie...........
Mar. 9 __
Aug. 3 1 ....
38 71
54
Sault Savings Bank.......................................................
Sault Ste. Marie...........
Mar. 8 . .. .
Aug. 3 0 ....
73 65
407
Kalamazoo County State Bank....................................
Sehoolcraft...................
Nov. 9
25 00
204
State Savings Bank of Scottville..................................
Scottville......................
April 2 7 ....
Nov. 1 ...
25 00
251
Sebewaing State Bank..................................................
Sebewaing....................
.Tune 29 ...
25 00
398
Central State Savings Bank..........................................
Shepherd......................
April 2 6 ....
Nov. 1. . ..
25 00
July 15....
..
5
175
Commercial State Bank................................................
Shepherd......................
Feb.
430
State Savings Bank.......................................................
Sherwood......................
Sept. 1 3 ....
327
South Grand Rapids State Bank.................................
South Grand Rapids...
Mar. 2 4 ....
Oct. 1 8 ....
148
Citizens’ State Bank......................................................
South Haven................
Jan. 2 7 ....
June 2 8 ....
42 32
71
First State Bank...........................................................
South Haven................
Jan. 2 6 ....
June 3 0 ....
50 32
25 00
1 ....
25 00
25 00
25 00
306
State Savings Bank.......................................................
South Lyon..................
Feb. 1 0 ....
July 2 7 ....
278
South Range Bank........................................................
South Range................
Mar. 1 5 ....
Aug. 2 1 ....
50 38
207
Sparta State Bank........................................................
Sparta..........................
Jan.
June 1 4 ....
25 93
404
Springport State Savings Bank.....................................
Springport....................
Sept. 8 . .. .
279
State Bank.....................................................................
Standish.......................
Mar. 3 1 ....
Sept. 2 9 ....
25 00
243
State Savings Bank.......................................................
Stanton........................
Feb. 8 . .. .
July 2 4 ....
25 00
270
Bank of Stephenson......................................................
Stephenson ................... Mar. 9 . .. .
Aug. 16 —
25 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4 ....
25 00
Ivi
STATE
BAN KING D EPA R TM EN T.
L is ts of b a n k s e x a m in e d . —Continued.
No.
Date first Date second
examination. examination.
Amount
paid.
Name of bank.
Location.
392
Stockbridge State Bank................................................
Stockbridge..................
May 5 ....
Nov. 2 0 ....
134
Citizsns’ State Bank...........................................
Sturgis..........................
Jan. 1 4 ....
June 2 4 ....
48 88
290
Leelanau Countv Savings Bank...................................
Sutton’s Bay................
Mar. 1 0 ....
Sept. 30 . ..
25 00
25 72
$25 00
151
Lilley State Bank.........................................................
Tecumseh.....................
Feb. 2 __
Aug. 3 ....
159
Tecumseh State Savings Bank.....................................
Tecumseh.....................
Feb.
1 ....
Aug. 2 ----
35 72
258
First State Bank...........................................................
Tekonsha......................
Mar. 3 1 ....
July 2 7 ....
25 00
55 34
120
First State Savings Bank........................... ..................
Three Rivers................
Jan. 1 8 ....
July
266
People’s Savings Bank..................................................
Traverse City...............
Mar. 8 . .. .
Sept. 2 7 ... .
37 96
138
Traverse City State Bank.............................................
Traverse City...............
Mar. 9 ....
Sept. 2 8 ....
199 71
341
State. Savings Bank.......................................................
Turner..........................
May 1 9 ....
Oct. 2 0 ....
25 00
289
State Savings Bank.......................................................
Unionville....................
Jan. 2 8 ....
July
1.. ..
25 00
Oct. 2 1 . . .
26 82
6 . .. .
241
Bank of Vassar..............................................................
Vassar..........................
May 5 ....
192
State Savings Bank.......................................................
Vassar..........................
Feb.
377
Barber State Bank........................................................
VermontvHle................. April 2 0 ....
344
Farmers State Bank......................................................
Vicksburg..................... April 2 7 . . .
Nov. 1 0 ....
25 00
317
First State Bank...........................................................
Vicksburg.....................
May
3 ...
Nov. 2 3 ....
25 00
401
State Savings Bank.......................................................
Warren.........................
Mar. 29 . . . .
July 2 8 ....
25 00
440
Washington Savings Bank............................................
AArashington..................
Dec. 2.. ..
284
Wayland State Bank....................................
AVayland.......................
Jan.
June 30...
25 00
1.. .. July 1 2 ....
4 ....
Oct.
6 ....
32 36
25 00
25 00
105
Wayne Savings Bank....................................................
Wayne..........................
Jan. 1 6 ....
July
6 ___
50 21
415
Farmers State Bank......................................................
AArebberville..................
Feb. 2 3 ....
Aug. 9 ----
25 00
25 00
382
Westphalia State Bank................................................. AAYstphalia...................
April 1 9 ....
Aug. 26. ..
250
State Bank of Whitehall...............................................
Whitehall.....................
Feb. 6 . .. .
Sept. 8.. ..
25 00
294
Farmers’ Savings Bank................................................. White Pigeon...............
Jan. 1 8 ....
July
25 00
June 15...
31 03
25 00
438
Crossman and Williams State Bank.............................
AAllliamston..................
35
Williamston State Bank...............................................
Williamston..................
Jan.
329
Wolverine State Savings Bank.....................................
Wolverine. .. *.............
April 3 ....
Oct.
6 __
25 00
4 ....
4 ... .
166
First Commercial and Savings Bank............................
Wyandotte...................
Jan. 1 9 ....
July
1....
30 64
64
Wyandotte Savings Bank.............................................
AAryandotte...................
Jan. 2 0 ....
July
6 . .. .
94 99
4.. . .
25 93
227
Yale State Bank............................................................
Yale..............................
April 5 . .. Oct.
86
Ypsilanti Savings Bank................................................
Ypsilanti......................
April 6 . .. .
Nov. 24.. ..
66 45
307
State Commercial and Savings Bank............................
Zeeland........................
April 5 ...
Oct.
6 . .. .
25 00
226
Zeeland State Bank....................................................... Zeeland......................... Feb. 1 0 ....
Oct. 2 0 ....
77 84
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE COMMISSIONER.
lvii
December 31st, 1909.
Hon. H. M. Zimmermann, Commissioner of the Banking Department,
Lansing, Michigan :
Dear Sir—In accordance with your request we have examined the re
ports of the several state banks and tru st companies on tile with your
department and find that the amounts of the fees turned over by you to
this department with your letters of October 6th, 1909, October 13th,
1909, October 14th, 1909, October 25th, 1909, December 8tli, 1909 and
December 31st, 1909, are correct in accordance with the provisions. of
Section 40 of the Banking Law.
Very truly yours,
J. W. HAARER,
Deputy State Treasurer.
H
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
ABSTRACTS OF REPORTS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
lx
STA TE
BANKING
D EPA R TM EN T.
U N IT E D STATES.
S T A T E B A N K S A N D T R U S T C O M P A N IE S .
A b s tr a c ts o f r e p o r ts o f a ll sta te , m u tu a l s a v in g s a n d sto c k s a v in g s b a n k s a n d tr u s t c o m p a n ie s i n
the U n ite d S ta te s a s o b ta in e d fo r the N a tio n a l M o n e ta r y C o m m is s io n b y c o m m is s io n e r s
o f b a n k in g , a s o f A p r i l 2 8 th , 1 9 0 9 .
Resources
11,292
State Banks.
Loans and discounts...........................
$1,658,473,364 15
Loans and discounts secured by real es
tate mortgages................................
334,955,204 05
042
Mutual Savings
Banks.
1,061
Stock Savings
Banks.
1,079
Trust Companies.
$227,063,574 83
$183,807,071 13
$1,083,431 988 55
301,022,328 96
220,596,818 22
179,034 348 40
198,283 ,931 79
Mortgages owned.................................
77,279,474 90
1,062,095,462 40
36,416,836 04
Overdrafts.............................................
28,896,482 70
89,071 12
2,177,438 14
3,916, 235 40
U. S. bonds....................................v...
4,859,260 94
33,353,576 12
10,212,852 06
3,222, 380 20
State, county and municipal bonds..
65,514,641 21
685,099,502 18
25,060,041 68
155,647, 931 87
Railroad and other bonds...................
182,091,218 00
840,217,705 29
69,032,735 04
654,389, 510 75
164,660, 545 08
Stocks...................................................
30,328,420 35
39,677,591 62
7,898,577 86
Foreign bonds and securities.............
5,799,339 68
1.183.996 73
1,534,335 89
12,268, 942 34
Banking house, furniture and fixtures
98,155,778 51
29,904,653 08
19,633,245 86
101,086, 612 69
Other real estate..................................
Due from National banks...................
Due from State and private banks and
trust companies................................
20,380,335 44
13,517,388 33
5,068,388 54
26,129, 836 12
326,431,225 20
67,023,809 74
53,548,204 31
393,742, 171 45
184,501, 334 69
160,078,328 95
76,316,356 97
21,589,461 85
Checks and other cash items.........
11,717,525 14
1.337.996 25
1,212,251 93
6,924, 650 43
Exchanges for clearing house .......
62,280,000 76
25,943 30
1,368,536 98
12,205, 258 04
Subsidiary and minor coin.............
9,123,823 92
169,268 08
610,045 95
3,100, 038 22
Gold coin..........................................
44,285,932 00
2,614,527 00
5,843,593 50
18,892, 128 50
Silver coin .......................................
7,553,531 00
30,020 00
782,742 00
1,564, 417 00
U. S. and National bank currency.
148,737,040 00
10,169,192 00
9,494,148 00
228,095, 211 00
Unclassified cash..............................
10,123,351 53
1,647,241,39
1,336,244 02
2,796, 115 44
All other items................................
6,282,233 75
2,366,800 00
560,530 95
34,641 394 69
$3,293,346,512 18 $3,394,926,005 39
$677,784,099 95
$4,068,534,982 65
$202,065,316 85
$59,506,420 00
22,359,395 08
$362,763,223 00
351,699,101 89
46,406,778 59
30,915 32
15,753,321 52
1,562,816 26
141,683,091 23
35,840,845 09
Total.
Liabilities.
Capital stock paid in ................................ $410,717,857 00
Surplus fund..............................................
150,795,132 84
Undivided profits less expenses and taxes
paid........................................................
90,361,973 19
Due to national banks and bankers..........
26,733,898 95
Due to state, savings, and private banks
and trust companies.............................
128,485,699 85
Dividends unpaid......................................
926,808 05
Individual deposits................................... 1,395,773,383 25
Savings deposits........................................
449,276,675 58
Demand certificates of deposit................
168,912,385 43
Time certificates of deposit.....................
410,091,181 67
Deposits not classified..............................
15,254,379 13
United States deposits..............................
Bonds borrowed........................................
Reserved for taxes....................................
1,025,590 14
Notes and bills rediscounted...................
8,744,291 96
Bills payable..............................................
29,324,401 57
All other liabilities.
Totals
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
236,261 17
3,062,323
3,140,436,025
285,769
3,351
797,395
40
77
02
01
46
158,598 35
6,404,520
92,707
100,708,410
366,167,901
11,414,915
89,120,467
1,409,140
69
96
57
61
31
41
24
240,912,462
985,990
1,826,153,620
576,783,099
120,148,244
299,880,277
12,869,939
96
44
08
51
07
24
89
¡30,462 Ì5
218,168 75
308,541 01
2,313,351 99
2,800,103 13
2,269,264 17
18,893,731 00
1,312,798 30
444,021 55
74,851,988 95
3,293,346,512 18 $3,394,926,005 39
$677,784,099 95
$4,068,534,982 05
6,922,853 57
R EPO R T
OF
THE
lxi
COM MISSIONER.
UNITED STATES.
S T A T E A N D N A T IO N A L B A N K S .
S t a t i s t i c s sh o w in g re so u rc e s a n d lia b ilitie s o f the lJ+,07Jf sta te b a n k in g in s titu tio n s a n d 6 ,8 8 8
n a tio n a l b a n k s a s sh o w n a t clo se o f b u s in e s s A p r i l 2 8 th , 1 9 0 9 , fro m r e p o r ts o b ta in e d fo r
the N a tio n a l M o n e ta r y C o m m is s io n b y c o m m is s io n e r s o f b a n k in g a n d the C o m p tr o lle r of
the C u r re n c y .
Resources.
11292 State Banks.
642 Mutual Savings
Banks.
1061 Stock Savings
Banks.
1079 Trust Companies.
6888 National
Banks.
Loans and discounts.......................................................
$3,752,775,998 66
$4,904,990,639 56
$8,657 ,766,638 22
Loans and discounts secured by real estate mortgages.
1,035,608,699 63
57,023,840 81
1,092 ,632,540 44
Mortgages owned............................................................
1,374,075,705 13
Overdrafts....................................................................
35,079,227 30
24,573,754 24
U. S. Bonds....................................................................
51,648,069 32
739,732,612 39
791 ,3S0.681 71
State, county and municipal bonds....... ......................
931,322,116 94
156,314,142 43
1,087 ,636,259 37
Railroad and other bonds.............................................
1,745,731,109 08
651,490,801 97
2,397 ,221,971 05
242,565,134 91
34,503,041 73
277 ,068,176 64
Foreign bonds and securities...........................................
20,786,614 64
21,974,951 51
42 ,761,566 15
Banking house furniture and fixtures............................
248,780,290 14
192,863,736 40
441 ,644,026 54
Stocks.
Total.
1,374 ,075,705 13
59 ,052,981 60
Other real estate...............................................................
65,095,948 43
23,090,836 08
88 ,186,785 11
Due from National banks...............................................
840,745,410 70
1,107,432,547 40
1,948 ,177,958 10
567 ,353,968 29
Due from State and private banks and trust companies
442,485,482 46
124,868,485 83
Checks and other cash items..........................................
21,592,423 75
34,729,027 82
55 ,921,451 57
Exchanges for clearing houses........................................
75,879,739 08
303,590,374 32
379 ,470,113 40
Subsidiary and minor coin...................... ........................
13,003,176 17
19,201,294 36
32 ,204,470 53
Gold coin...........................................................................
71,636,181 00
150,958,082 03
222 ,594,863 03
Silver coin.........................................................................
9,930,710 00
11,S35,513 00
21 ,766,223 00
U. S. and National bank currency .................................
396,495,591 00
744,294,582 00
1,140 ,790,173 00
Unclassified cash...............................................................
Five per cent redemption fund, and due from U. S. treas
urer ............................................................................. .
15,902,952 38
38,466,708 61
38 ,466,708 61
All other items.
Totals.
Liabilities.
Capital stock paid in .......................................................
Surplus fund.....................................................................
Undivided profits less expenses and taxes paid...........
National bank notes outstanding.................: ................
Due to national banks....................................................
Due to state, savings and private banks and trust companies....................................
Dividends unpaid.....................
Individual deposits..................
Savings deposits.......................
Demand certificates of deposit
Time certificates of deposit. . .
Deposits not classified.............
United States deposits............
Bonds borrowed.......................
Reserved for taxes...................
Notes and bills rediscounted. .
Bills payable............................
All other liabilities..................
Totals
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
15 ,902,952 38
43,850,959 39
24,092,317 75
67 .943,277 14
$11,434,591,600 17
$9,366,027,890 84
$20,800,619,491 01
$832,987,500 00
726,918,946 66
294,205,164 53
64,168,475 62
376,038,944
2,005,506
3,325,697,737
4,532,663,702
300,761,313
799,095,287
30,330,854
67
45
30
47
83
33
72
4,202,460
11,322,097
50,661,946
83,531,662
37
14
71
37
$11,434,591,600 17
$933,269,903
586,965,602
207,925,647
635,998,078
1,038,515,620
00
25
75
50
10
$1,766,257,403
1,313,884,548
502,130,812
635,998,078
1,102,684,095
00
91
28
50
72
998,226,580
1,130,126
3,513,.710,094
375,911,918
568,213,064
366,987,826
15
07
35
80
10
51
70,070,363
34,198,821
3,132,539
6,159,709
22,077,121
3,534,874
43
10
90
58
21
04
1,374,265,524
3,135,632
6,839,407,831
4,908,575,621
868,974,377
1,166,083,113
30,330,854
70,070,363
34,198,821
7,335,000
17,481,806
72,739,067
87,066,536
82
52
65
27
93
84
72
43
10
27
72
92
41
$9,366,027,890 84
$20,800,619,491 01
Jxii
STA TE
BAN KING D EPA R TM EN T.
COM PARATIVE ABSTRACTS (STATE BANKS).
C o m p a r a tiv e a b s tr a c ts , g iv in g the v o lu m e o f b u s in e s s a s sh o w n b y the la s t re p o r ts o f M i c h i
g a n S ta te b a n k s c a lle d fo r i n the y e a r s 1 8 8 9 , 1 8 9 0 , 1 8 9 1 , 1 8 9 2 , 1 8 9 3 , 1891,., 1 8 9 5 , 1 8 9 6 ,
1897, 1898, 1899, 1900, 1901, 1902, 1903, 1904, 1905, 190 6 , 1907, 1908 an d 1909, as
m a d e to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t.
Resources.
December
11, 1889,
90 banks, 2
trust
companies.
December
19, 1890,
106 banks, 2
trust
companies.
December
2, 1891-,
121 banks, 3
trust
companies.
December
9, 1892,
138 banks, 3
trust
companies.
Loans and discounts.......................... 822,624,667 12 $27,628,145 16 $30,543,959 76 $38,883,892 66
December
19, 1893,
159 banks, 3
trust
companies.
$32,402,874 53
24,804,367 45
Stocks, bonds and mortgages.............
15,645,031 54
18,846,687 08
21,308,913 14
26,843,183 47
Overdrafts...........................................
165,315 19
183,645 30
195,618 49
222,549 92
206,537 17
Banking house, furniture and fixtures.
523,466 20
714,313 50
941,191 77
1,274,415 65
1,517,146 91
Other real estate..................................
253,782 59
311,476 52
350,381 69
692,412 41
647,824 26
Expenses and taxes paid.....................
276., 624 57
266,114 72
307,386 48
364,088 85
395,207 14
Interest paid.......................................
210,872 79
217,130 03
145,482 78
271,426 84
352,701 34
Due from banks in reserve cities........
5,182,241 12
5,712,028 27
7,481,885 31
9,435,452 69
7,536,024 09
Due from other banks and bankers...
298,942 90
371,808 62
468,162 59
526,816 22
450,100 31
Exchanges for clearing house.............
200,024 37
152,723 76
319,354 22
306,521 91
246,416 43
Checks and cash items........................
150,252 88
308,018 92
242,213 13
209,662 16
302,096 21
Nickels and cents...............................
11,720 48
11,047 14
15,630 82
18,382 56
24,102 73
Gold coin.............................................
396,827 00
483,564 49
849,656 57
1,039,932 42
1,698,747 47
Silver coin...........................................
United States and National bank
notes................................................
171,666 15
167,925 17
215,054 78
293,818 72
259,119 76
1,242,843 00
1,575,817 00'
1,807,081 00
2,266,977 00
2,312,851 00
$47,354,277 90 $56,950,395 68 $65,191,972 53
1,649,533 48
$73,156,116 80
$9,522,420 00 $11,109,827 59
$12,311,041 98
Premiums paid
Totals.
Liabilities.
Capital stock paid in ...........
$7,254,559 10
$8,460,835 00
Surplus fund.........................
1,132,329 90
1,502,849 44
1,704,248 31
2,124,487 81
2,443,906 07
Gross undivided earnings....
1,679,925 61
1,912,300 21
2,169,532 72
2,534,015 14
2,639,574 57
Dividends unpaid.................
2,571 63
6,234 60
2,158 87
5,739 37
18,0S1 02
Individual deposits..............
7,879,586 71
9,300,393 00
11,750,841 68
16,948,803 62
14,529,942 64
Certificates of deposit...........
4,452,081 74
6,054,724 25
6,746,187 18
9,632,918 47
6,686,895 92
Savings deposits...................
23,669,030 20
27,779,136 09
31,186,303 14
37,909,010 12
32,216,067 08
Certified checks....................
29,987 61
40,450 93
37,541 35
67,981 89
42,076 74
Cashier’s checks outstanding.
21,097 57
5,802 67
30,594 71
36,445 82
29,031 78
Due to banks and bankers...
809,678 07
1,325,103 37
1,599,224 96
1,869,563 31
1,437,360 49
Notes and bills-rediscounted
386,429 76
517,866 12
391,719 61
279,390 41
654,100 98
Bills payable.........................
37,000 00
44,700 00
51,200 00
131,349 93
148,037 53
$47,354,277 90 $56,950,395 68 $65,191,972 53 $82,649,533 48
$73,156,116 80
State monies on deposit.
Liabilities other than above stated.
Totals
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R E PO R T
OF
THE
lxiii
COMMISSIONER.
C o m p a r a tiv e a b str a c ts ( S ta te B a n k s ) . —Continued.
Resources.
December
19, 1894,
164 banks, 4
trust
companies.
December
13, 1895,
169 banks, 4
trust
companies.
December
17, 1896,
173 banks, 43
trust
companies.
December
15, 1897,
177 banks, 3
trust
companies.
December
1, 1898,
182 banks, 3
trust_
companies.
Loans and discounts............................ $34,320,138 74 $40,179,933 36 $36,982,440 70 $38,601,949 09
$41,384,075 83
28,451,447 71
31,926,938 07
37,453,689 93
224,066 95
199,468 95
227,624 36
298,762 48
1,694,992 89
1,758,139 62
1,814,724 74
1,820,639 66
1,906,096 96
719,150 15
882,473 08
1,237,183 41
1,593,803 10
2,054,891 06
Stocks, bonds and mortgages.............
Overdrafts...........................................
Banking house, furniture and fixtures.
Other real estate.................................
T?
j ,
•i
26,516,601 07 , 27,852,301 82
192,415 39
403 575 7S
Premiums paid....................................
23,493 99
26,213 98
41,708 51
47,333 15
Due from banks in reserve cities........
9,653,012 05
9,527,910 70
10,689,631 08
14,460,853 39
15,656,008 52
Due from other banks and bankers...
361,668 44
392,582 07
481,787 89
837,584 03
893,192 24
352,725 79
360,473 16
429,334 91
396,454 61
418,372 26
Checks and cash items........................
213,076 23
377,047 46
285,151 36
295,907 52
341,835 45
Nickels and cents................................
26,840 53
20,384 28
22,407 73
22,543 68
24,283 58
Gold coin.............................................
1,683,739 65
2,028,483 58
2,286,076 60
2,273,685 90
2,448,122 25
Silver coin...........................................
United States and National bank
notes...............................................
269,032 24
277,618 80
289,380 11
307,663 09
387,684 17
2,152,421 00
2,065,781 00
2,530,816 00
2,590,180 00
2,754,711 00
Exchanges for clearing house.............
Totals........................................... $78,872,148 57 $85,970,689 87 $85,686,065 17 $95,397,535 01 $106,069,058 88
Liabilities.
Capital stock paid in........................... $12,600,820 00 $12,518,117 21 $12,458,275 00 $12,010,200 00
$12,003,600 00
Surplus fund........................................
2,589,052 49
2,735,755 49
2,876,322 12
2,986,650 27
2,981,382 73
Gross undivided earnings....................
2,698,387 31
*2,112,933 75
*2,042,341 06
*1,927,498 49
*1,958,531 34
Dividends unpaid................................
17,696 03
23,539 94
14,629 00
16,430 88
8,204 48
Individual deposits..............................
15,476,103 85
16,562,755 06
15,274,265 98
18,025,578 88
20,599,904 56
Certificates of deposit..........................
7,024,676 13
8,364,560 85
7,530,592 54
8,576,587 67
9,782,646 49
Savings deposits..................................
35,939,957 25
41,192,483 54
42,055,852 60
48,076,282 71
54,105,981 76
111,903 86
Certified checks....................................
65,583 23
85,970 78
140,220 18
67,246 32
Cashier’s checks outstanding...............
24,974 06
33,828 85
22,834 67
13.771 80
19,723 43
Due to banks and bankers..................
2,007,773 87
1,936,615 12
2,441,456 29
3,647,253 47
4,420,425 42
Notes and bills rediscounted...............
354,059 S8
359,129 28
273,075 73
36,886 14
51,754 81
Bills payable........................................
73,064 47
45,000 00
32,000 00
13,148 38
25,000 00
524,200 00
Totals........................................... $78,872,148 57 $85,970,689 87 $85,686,065 17 $95,397,535 01 $106,069,058 88
♦Undivided earnings, less current expenses, interest and taxes paid.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
lxiv
STATE BANKING DEPARTMENT.
C o m p a r a tiv e a b s tr a c ts
Resources.
Loans and discounts................................................
December
2, 1899,
187 banks, 3
trust
companies.
December
13, 1900,
192 banks, 3
trust
companies.
$50,272,930 26 '$53,161,024 07
December
10, 1901,
213 banks, 3
trust
companies.
November
25, 1902,
228 banks
4 trust
companies.
$61,706,112 90
$71,029,727 87
Stocks, bonds and mortgages...................................
43,420,804 20
46,495,505 41
55,903,472 79
62,718,889 40
Overdrafts.................................................................
334,526 17
242,650 61
244,675 75
298,124 85
Banking house, furniture and fixtures.....................
2,075,425 01
2,245,982 87
2,331,104 32
2,428,779 83
Other real estate.......................................................
2,032,366 09
2,060,599 30
1,764,547 92
1,740,305 79
Expenses and taxes paid..........................................
'
Interest paid.............................................................
Premiums paid..........................................................
213,747 47
337,043 17
323,505 22
295,373 97
Due from banks in reserve cities..........................
14,395,138 44
16,304,200 53
19,334,239 13
19,566,876 95
Due from other banks and bankers......................
999,267 91
1,154,911 42
1,597,714 10
1,818,528 06
Exchanges for clearing house..................................
451,809 45
422,415 20
906,754 45
643,168 60
Checks and cash items............................................
385,617 28
320,197 45
343,580 67
531,318 02
Nickels and cents......................................................
26,844 79
30,507 54
33,336 21
45,262 35
Cold coin...................................................................
2,782,654 49
3,246,550 00
3,245,496 21
3,634,079 16
Silver coin.................................................................
383,374 38
422,770 86
452,093 97
512,225 31
United States and National bank notes...............
3,016,402 00
3,514,851 00
4,606,396 11
4,457,448 25
Totals................................................................. $120,790,914 00 $129,959,209 43 $152,193,029 75
$169,720,108 41
Liabilities.
Capital stock paid in ..............................................
$12,262,100 00
$12,953,523 85
$14,035,880 00
Surplus fund.............................................................
2,987,971 24
3,065,924 18
3,762,660 91
4,955,893 71
Undivided earnings n e t...........................................
2,102,350 42
2,430,966 72
2,932,193 32
3,251,864 56
$14,842,470 00
Dividends unpaid.....................................................
11,914 42
10,178 36
4,929 72
2,876 72
Individual deposits...................................................
24,522,326 97
24,840,803 37
29,540,186 91
34,503,984 97
Certificates of deposit..............................................
12,250,239 67
12,341,536 00
14,664,986 47
16,952,741 46
Savings deposits....................................................... -
62,660,212 66
69,548,293 05
81,609,318 57
89,278,662 99
Certified checks........................................................
66,649 37
98,418 48
94,652 52
194,520 09
Cashier’s checks outstanding...................................
83,450 18
27,222 23
68,734 87
146,271 08
Due to banks and bankers.....................................
3,748,526 37
4,481,075 44
5,368,915 27
5,259,834 85
State monies on deposit..........................................
Notes and bills rediscounted...................................
14,000 00
35,799 00
6,071 19
75,479 88
Bills payable.............................................................
81,173 30
125,468 75
104,500 00
251,508 10
Totals................................................................. $120,790,914 60 $129,959,209 43 $152,193,029 75
$169,720,108 41
Liabilities other than above stated........................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
lxv
REPORT OF THE COMMISSIONER.
S ta te B a n k s . —(Concluded.)
November
12, 1906,
301 state
banks, 6 trust
companies,
1 society
for savings.
December
3, 1907,
328 state
banks, 6 trust
companies,
1 society
for savings.
November
17, 1903,
242 state
banks, 4 trust
companies,
1 society
for savings.
September
6, 1904,
248 state
banks, 4 trust
companies,
1 society
for savings.
November
9, 1905,
277 state
banks, 5 trust
companies,
1 society
for savings.
$76,013,937 01
$78,746,336 05
$86,181,935 90 $101,287,736 39 $106,958,178 47 $98,397,163 38 $105,908,706 77
66,317,185 97
68,383,331 90
78,124,757 40
85,902,873 96
88,945,067 90
95,428,501 97
301,921 98
197,553 07
311,210 78
373,212 14
303,930 99
361,154 87
370,836 07
2,747,383 27
2,902,806 42
3,377,379 76
3,934,435 08
4,727,158 99
4,992,537 71
5,495,884 72
1,655,978 73
1,608,035 94
1,590,630 18
1,593,318 80
1,367,853 18
1,396,444 39
1,457,973 02
November
27, 1908,
350 state
banks, 6 trust
companies.
November
16, 1909,
376 state
banks, 5 trust
companies.
109,045,073 50
264,608 79
241,162 15
237,081 56
213,682 12
165,612 84
132,204 23
131,811 41
20,455,482 93
21,137,556 22
25,542,384 93
26,665,895 22
21,295,814 35
26,623,983 27
32,856,724 82
1,363,614 21
1,287,220 02
1,934,177 39
2,551,776 64
2,368,708 60
1,990,316 84
2,358,731 88
628,326 98
854,065 78
827,349 43
1,959,708 99
1,288,117 10
1,130,604 67
1,342,339 37
418,158 14
353,232 19
394,181 89
483,736 42
389,022 14
311,115 78
337,951 20
58,008 16
73,587 98
64,972 73
73,300 45
83,879 98
92,422 67
95,377 97
3,859,868 27
4,499,431 65
4,324,849 84
4,559,569 06
4,596,825 41
4,948,685 92
5,152,211 69
663,741 42
599,619 41
687,826 10
712,190 77
937,065 78
800,440 67
917,863 81
4,686,754 47
5,049,774 00
5,937,153 75
6,453,153 95
8,613,878 75
7,682,136 00
8,246,730 00
$179,434,970 33 $185,933,712 78 $209,535,891 64 $236,764,589 99 $242,041,114 48 $244,287,712 37 $273,718,216 23
$17,403,144 04 $19,119,930 00 $20,351,064 00 $21,626,273 53
$22,161,133 00
$15,919,551 21
$16,111,120 00
5,560,112 18
6,471,703 33
7,239,305 31
8,547,385 55
10,196,000 34
10,785,497 24
11,402,419 44
3,565,570 84
3,055,451 39
3,836,000 67
4,710,432 87
4,618,594 41
5,035,772 52
5,340,696 86
3,511 36
5,291 14
2,933 29
4,853 69
7,375 23
6,873 00
14,272 08
37,280,300 03
38,287,417 40
45,041,231 95
53,085,474 90
47,587,078 42
50,450,061 86
61,951,396 26
18,364,826 02
18,991,487 21
16,701,012 53
11,402,933 69
13,192,935 86
111,234,128 86 125,464,596 49 134,923,712 46 137,811,470 73
151,290,590 74
17,570,185 09
16,679,540 71
«3,473,139 78
99,782,932 96
110,395 49
191,493 34
90,768 06
204,330 21
136,542 84
151,935 26
162,907 25
77,541 33
136,795 00
105,934 17
172,294 39
212,989 96
131,766 74
234,924 59
5,365,378 83
4,902,817 34
5,969,398 11
6,205,626 80
5,753,481 15
6,392,573 47
7,277,997 59
97,711 15
76,405 96
90,221 16
93,672 88
211,263 14
170,854 33
80,189 01
411,573 04
232,744 21
158,000 00
164,505 00
972,000 00
321,700 00
311,000 00
185,226 94
*370,000 00
112,526 61
$179,434,970 33 $185,933,712 78 $209,535,891 64 $236,764,589 99 $242,041,114 48 $244,287,712 37 $273,718,216 23
^Clearing house certificates.
I
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
lxvi
STATE BANKING DEPARTMENT.
COMPARATIVE ABSTRACTS (NATIONAL BANKS)
C o m p a r a tiv e a b s tr a c ts , s h o w in g the v o lu m e o f b u s in e s s o f the n a tio n a l b a n k s o f the S ta te
fr o m the la s t r e p o r ts c a lle d fo r i n the y e a r s 1 8 8 9 , 1 8 9 0 , 1 8 9 1 , 1 8 9 2 , 1 8 9 8 , 1 8 9 4 , 1 8 9 5 ,
1 8 9 6 , 1 8 9 7 ,1 8 9 8 , 1 8 9 9 , 1 9 0 0 , 1 9 0 1 , 1 9 0 2 , 1 9 0 3 , 1 9 0 4 , 1 9 0 5 , 1 9 0 6 , 1 9 0 7 , 1 9 0 8 a n d 1 9 0 9 , a s
m a d e to a n d f u r n is h e d th is d e p a r tm e n t b y the c o m p tr o lle r o f the c u rr e n c y a t W a s h in g to n .
Resources.
December
11, 1889,
113 national
banks.
December
19, 1890,
109 national
banks.
December
2, 1891,
106 national
banks.
December
9, 1892,
104 national
banks.
Loans and discounts.......................... $45,860,178 79 $47,527,375 32 $48,424,955 39 $52,752,163 51
December
19, 1893,
99 national
banks.
$40,783,209 13
Stocks, bonds and mortgages...........
4,716,830 60
4,289,671 45
4,231,798 69
5,623,070 40
Overdrafts............................................
214,415 50
219,314 54
222,506 90
292,210 95
187,479 07
Due from reserve agents.....................
5,273,805 17
6,000,383 99
6,942,032 64
8,304,177 63
6,191,185 16
Due from other banks and bankers...
1,417,240 70
1,531,500 83
2,055,712 68
2,457,593 23
1,508,833 10-
Banking house, furniture and fixtures.
1,161,347 88
1,175,007 50
1,140,593 47
1,092,330 52
1,058,013 55
Other real estate.................................
696 499 38
807 729 15
654 818 49
597 433 76
523,837 66
Current expenses and taxes paid........
314,041 78
316,798 82
308,899 32
330,626 32
6,945,499 58
Exchange for clearing house...............
351,040 73
291,486 06
531,466 31
420,011 79
414,646 27
Checks and cash items........................
206,917 13
252,540 59
222,864 76
269,288 40
208,277 54
Cash......................................................
5,156,435 60
5,363,033 64
5,337,462 12
5,479,123 70
5,352,544 48
Due from United States treasurer. . . .
175,937 44
166,537 96
155,501 41
201,723 10
269,208 62
Premiums on United States bonds....
506,812 27
416,961 40
326,649 58
415,932 79
448,743 01
Totals........................................... $66,051,502 97 $68,358,341 25 $70,555,261 76 $78,235,686 10
$63,891,477 17
Liabilities.
Capital stock paid in..........
*15 674 600 00 $15 539 600 00 $15 244 finn nn $15 024 000 00
$14 524 000 00
Surplus fund........................................
3,173,932 03
3,332,775 18
3,715,238 33
3,858,283 29
3,769,273 95
Gross undivided earnings....................
2,589,639 53
2,715,207 61
2,359,221 32
2,375,539 99
*1,879,151 51
Dividends unpaid................................
25,279 32
9,632 59
36,373 86
18,212 61
17,180 18
Individual deposits..............................
35,217,989 08
36,792,399 46
38,500,510 19
42,409,084 23
31,789,116 14
566 999 05
483 927 31
330 558 68
401 760 31
Due to banks and bankers..................
5,857,859 32
6,052,260 90
7,140,938 64
9,946,624 23
6,100,036 83
National bank notes outstanding.......
2,853,300 00
2,660,200 00
2,587,020 00
3,281,300 00
4,557,055 00
Notes and bills rediscounted...............
658,903 69
689,166 46
462,157 73
466,083 07
100 00
23,000 00
United States deposits........................
Bills payable.......................................
Liabilities other than those above
stated ...............................................
426,228 15
367,442 03
516,000 00
233 06
Totals........................................... $66,051,502 97 $68,358,341 25 $70,555,261 76 $78,235,686 10
$63,891,477 17
*Undivided earnings, less expenses and taxes paid.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2 274 38
REPORT OF THE COMMISSIONER.
Ixvii
C o m p a r a tiv e a b str a c ts (N a tio n a l B a n k s ) . —Continued.
Resources.
December
19, 1894,
96 national
banks.
December
13, 1895,
94 national
banks.
•
December
17, 1896,
89 national
banks.
December
15, 1897,
82 national
banks.
Loans and discounts............................ 843,083,288 41 *44,736,533 88 *40,304,416 58 *41,143,927 46
December
1, 1898,
81 national
banks.
*42,919,871 77
Stocks, bonds and mortgages.............
6,808,219 06
6,795,879 01
6,061,223 33
6,572,265 92
Overdrafts...........................................
191,899 31
184,138 47
174,561 83
169,842 80
220,627 59
Due from reserve agents.....................
7,158,187 74
5,697,542 13
8,051,478 98
11,777,125 43
10,816,560 04
3,757,850 18
9,766,446 01
Due from other banks and bankers...
2,138,681 61
1,754,960 91
2,145,066 98
3,492,498 90
Banking house, furniture and fixtures.
1,057,140 95
1,016,259 30
1,029,048 72
943,880 03
1,019,100 09
Other real estate.................................
556,397 40
690,205 85
. 796,229 53
880,219 77
1,061,231 36
392,218 02
Current expenses and taxes paid........
Exchanges for clearing house.............
300,541 92
243,688 09
333,694 76
358,309 99
Checks and cash items........................
226,913 43
160,616 79
199,702 79
136,857 46
179,112 92
Cash.....................................................
5,089,305 10
5,039,661 46
5,333,487 61
5,505,338 94
5,982,621 40
Due from United States treasurer. . . .
240,670 62
236,528 07
231,775 11
209,475 82
234,094 42
Premiums on United States bonds....
430,463 13
414,815 00
375,089 75
365,223 50
465,448 84
Totals........................................... *67,281,708 68 *66,970,828 96 *65,435,775 97 $71,554,966 02
*76,815,182 64
Clearing house certificates...................
Liabilities.
Capital stock paid in........................... *13 634 000 00 *13 434 000 00
$12
Q5Q non no
Q45 non on
$11
Surplus fund........................................
3,572,570 99
3,631,010 78
3,418,221 47
3,242,018 09
3,188,318 72
Undivided earnings, net......................
1,803,480 48
1,789,465 90
1,687,088 73
1,394,998 14
1,374,061 73
Dividends unpaid................................
8,348 50
11,509 58
9,156 46
17,563 29
20,387 30
Individual deposits..............................
34,718,215 02
35,612,374 38
34,391,087 75
39,217,006 25
43,486,965 94
United States deposits........................
383,962 29
357,750 18
409,961 73
401,136 29
1,255,821 32
Due to banks and bankers..................
8,641,246 57
7,406,212 51
8,260,695 23
11,772,976 46
11,760,185 28
National bank notes outstanding.......
4,141,997 50
4,202,742 50
4,071,495 00
3,551,767 50
3,958,300 00
Notes and bills rediscounted...............
316,887 33
386,898 33
140,289 20
2 500 00
Bills payable........................................
Liabilities other than those above
stated...............................................
61,000 00
137,500 00
88,400 00
10,000 00
1,364 80
380 40
1,142 35
Reserved for taxes..............................
Bonds borrowed...................................
Clearing house certificates...................
•
Totals........................................... *67,281,708 68 166,970,828 96 $05,435,775 97 *71,554,966 02
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*76,815,182 64
STATE BANKING DEPARTMENT.
lxviiì
C o m p a r a tiv e a b str a c ts
Resources.
December
2, 1899,
80 national
, banks.
December
13, 1900,
85 national
banks.
December
10, 1901,
85 national
banks.
November
25, 1902,
84 national
banks.
Loans and discounts.................................................
$47,581,061 50
$51,651,236 44
$54,938,142 28
$60,694,986 71
Stocks, bonds and mortgages...................................
11,652,043 11
12,318,672 86
14,141,822 34
15,106,385 98
Overdrafts.................................................................
194,788 80
246,158 27
286,561 65
349,047 07
Due from reserve agents...........................................
8,671,815 91
10,658,399 31
11,231,301 10
10,167,335 72
Due from other banks and bankers..........................
3,647,971 66
3,463,374 00
4,058,641 12
3,845,841 49
Banking house furniture and fixtures......................
1,003,999 44
1,142,970 99
1,150,952 69
1,300,681 27
Other real estate.......................................................
1,060,810 20
927,158 12
696,254 41
455,261 67
Current expenses and taxes paid..............................
Exchanges for clearing house...................................
597,274 04
415,477 92
930,166 52
578,212 52
Checks and cash items..............................................
240,308 50
182,689 83
204,714 74
239,577 39
Cash...........................................................................
6,151,557 96
7,105,053 78
7,358,362 08
6,554,095 31
Due from United States treasurer............................
242,948 86
308,427 88
336,238 00
326,770 50
Premiums on United States bonds..........................
453,937 69
203,917 94
228,358 81
356,315 39
$81,498,517 67
$88,623,537 34
$95,561,515 74
$99,974,511 02
Capital stock paid in ................................................
$11,440,000 00
$11,578,000 00
$11,548,750 00
$11,380,000 00
Surplus fund.............................................................
3,157,388 20
3,276,188 20
3,052,638 20
3,416,538 20
Undivided earnings net.............................................
1,563,841 93
1,850,274 85
2,007,685 64
2,157,217 18
Clearing house certificates.........................................
Totals.................................................................
Liabilities.
Dividends unpaid........................ .............................
17,340 81
13,983 81
18,542 81
13,357 81
Individual deposits....................................................
49,920,532 09
54,232,091 31
59,593,561 95
63,316,7.31 07
United States deposits..............................................
1,354,864 72
1,391,304 19
1,772,959 84
2,150,114 62
Due to banks and bankers.......................................
9,738,696 81
11,024,083 47
11,764,875 41
11,611,241 60
National bank notes outstanding.............................
4,250,300 00
5,160,102 50
5,580,200 00
5,639,200 00
Notes and bills rediscounted.....................................
23,644 61
11,989 72
5,500 00
21,500 00
Bills payable..............................................................
27,000 00
75,000 00
205,000 00
107,000 00
Liabilities other than those above stated.................
4,908 50
10,519 29
11,801 89
161,610 54
$81,498,517 67
$88,623,537 34
$95,561,515 74
$99,974,511 02
Reserved for taxes....................................................
Bonds borrowed........................................................
Clearing house certificates.........................................
Totals.................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE COMMISSIONER.
I
lxix
( N a tio n a l B a n k s ) .— Concluded.
1
1
1
November
17, 1903,
87 national
banks.
September
6, 1904,
88 national
banks.
1
#04,088,225 33
$65,803,150 16
16,331,297 13
16,876,755 37
16,943,886 45
19,294,724 24'
19,321,131 14
23,306,141 71
351,732 17
249,830 11
235,237 50
266,233 92
215,231 50
241,345 49
232,943 08
9,147,612 91
10,991,502 16
10,983,065 10
12,398,886 17
10,160,561 91
13,761,102 88
14,600,685 65
4,174,213 53
4,414,365 24-
5,462,829 33
6,396,474 02
5,127,590 55
6,292,135 23
7,797,672 74
1,363,481 00
1,488,498 28
1,577,703 17
1,641,589 76
1,940,629 37
2,477,820 19
2,651,928 17
393,115 75
380,373 53
358,357 49
300,029 77
345,190 33
291,505 80
285,810 50
499,453 75
715,114 06
736,445 31
1,126,918 66
753,547 93
789,398 40
868,545 43
1
182,558 75
270,131 43
213,672 23
297,726 82
341,954 39
311,082 74
255,876 57
1
6,834,835 11
7,553,259 40
8,093,277 55
8,673,007 28
9,317,138 52
11,253,727 70
11,305,003 35
1
378,175 67
399,420 00
436,085 50
453,002 50
428,725 50
530,765 50
593,170 00
I
311,370 92
255,738 73
190,849 25
158,401 28
188,259 66
214,339 93
176,160 63
1
#104,056,072 02 $109,398,138 47 $117,495,460 83 $132,515,439 07 $132,690,353 31 $143,530,641 03 $157,531,530 54
1
November
9, 1905,
88 national
banks.
November
12, 1906,
88 national
banks.
December
3, 1907,
93 national
banks.
November
27, 1908,
96 national
banks.
$72,264,051 95 $81,508,444 65 $83,949,198 51 $84,061,275 46
November
16, 1909,
99 national
banks.
$92,367,238 25
26,396,496 17
595,194 00
#12,530,000 00
$12,730,000 00
3,782,538 20
4,286,688 20
$13,030,000 00 $13,005,000 00 $14,465,000 00 $14,955,000 00
4,595,788 20
5,264,262 50
5,490,612 50
6,068,150 00
6,416,510 99
I
2,454,374 37
2,094,959 00
2,149,975 63
2,260,314 62
2,757,173 91
2,650,316 37
2,881,308 23
1
16,440 61
5,156 93
16,854 34
13,904 54
16,379 16
7,975 85
33,221 55
1
65,305,659 11
69,945,810 33
76,475,628 68
88,758,552 46
84,864,150 47
92,506,619 35
103,669,284 41
1
1
$15,189,500 00
1
2,404,832 56
1,712,739 74
1,128,820 61
2,325,780 85
3,526,031 73
2,442,065 88
959,365 22
10,418,980 57
11,323,976 44
12,473,253 68
12,642,438 95
12,053,642 00
15,265,250 30
18,011,053 82
I
6,774,840 00
7,218,930 00
7,469,030 00
7,939,985 00
7,863,265 00
9,010,475 00
9,894,100 50
1
182,202 70
41,595 90
91,495 96
85,948 00
358,538 03
124,265 83
142,064 93
1
178,000 00
35,000 00
13,000 00
125,000 00
445,000 00
130,000 00
74,000 00
I
8,203 90
23,281 93
51,613 73
32,360 07
26,691 01
13,300 00
29,610 00
I
61,892 08
65,881 50
51,222 45
31,510 89
1
563,000 00
306,000 00
200,000 00
1
#104,056,072 02 $109,398,138 47 $117,495,460 83 $132,515,439 07 $132,690,353 31 $143,530,641 03 $157,531,530 54
1
194,988 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
]xx
STATE BANKING DEPARTMENT.
STATE BANKS.
1909.
A b s tr a c ts o f r e p o r ts m a d e b y the S ta te b a n k s o f M ic h ig a n to the C o m m is s io n e r o f th e B a n k
in g D e p a r tm e n t, the r e p o r ts b e in g c a lle d fo r o n p a s t d a y s u n k n o w n to the b a n k officers,
v iz ., F e b r u a r y 5 , A p r i l 2 8 , J u n e 2 8 , S e p te m b e r 1 a n d N o v e m b e r 1 6 , 1 9 0 9 . F o r re p o r ts
o f in d i v i d u a l S ta te b a n k s a n d tr u s t c o m p a n ie s see su c c e e d in g p a g e s .
Report of.
Feb. 5,
352 state
banks, 6 trust
companies.
Resources.
Report of
April 28,
362 state
banks, 5 trust
companies,
Report of
June 23,
365 state
banks, 5 trust
companies.
Report of
Sept. 1,
371 state
banks, 5 trust
companies.
Report of
Nov. 16,
376 state
banks, 5 trust
companies.
Loans and discounts............................ $97,622,716 69 $100,212,705 59 $99,649,422 12 $102,609,856 25 $105,908,706 77
Bonds, mortgages and securities.........
96,340,847 46
Premiums paid on bonds.....................
123,541 44
140,416 15
144,514 24
136,202 38
131,811 41
Overdrafts...........................................
292,994 99
330,342 68
314,148 56
315,955 45
370,836 07
\
5,137,857 60
5,248,814 12
5,338,014 72
5,435,550 46
5,495,884 72
Other real estate.................................
Due from other banks and bankers
(not reserve cities)..........................
1,488,981 48
1,452,338 65
1,462,853 96
1,455,103 36
1,457,973 02
815,411 53
1,250,896 18
904,603 82
888,941 32
876,798 57
Items in transit...................................
1,168,869 99
1,197,745 55
1,134,289 98
1,090,263 89
1,481,933 31
99,679,495 19 103,510,338 62 105,404,082 60
108,496,703 50
Banking house................................. 1
Furniture and fixtures.....................J
United States bonds............................
601,020 00
710,420 00
610,020 00
614,020 00
548,370 00
Due from banks in reserve cities........
31,639,815 68
31,227,446 65
30,896,286 58
31,870,040 87
32,856,724 82
Exchange for clearing house...............
1,158,730 68
1,037,470 12
1,199,513 95
1,411,969 84
1,342,339 37
U. S. and national bank currency. . . .
7,676,997 93
7,822,241 55
7,828,373 88
7,919,750 76
8,246,730 00
Gold coin.............................................
5,258,709 54
5,051,801 61
5,379,133 17
5,291,610 17
5,152,211 69
Silver coin............................................
917,956 38
803,877 46
815,724 65
893,502 63
917,863 81
Nickels and cents................................
104,873 65
97,934 99
94,480 33
90,702 93
95,377 97
Checks, and other cash items...........
332,275 23
312,528 25
339,119 67
415,303 57
337,951 20
Totals........................................... $250,681,600 27 $256,576,474 74 $259,620,838 25 $265,842,856 48 $273,718,216 23
Liabilities.
Capital stock paid in.........
$21 765 698 53 $21 677 980 00 $21 784 350 00 $21 974 733 67
Surplus fund........................................ 11,095,112 58
Undivided profits, less current expenses, interest and taxes paid.......
4,013,858 15
$22 161 133 00
11,084,988 66
11,082,688 66
11,385,062 73
11,402,419 44
4,778,702 30
5,027,969 35
4,477,599 36
5,340,696 86
42,852 75
13,561 92
7,463 36
19,812 00
14,272 08
Commercial deposits subject to check. 53,910,548 41
53,891,684 55
55,632,107 65
59,814,598 10
61,951,396 26
Commercial certificates of deposit. . . .
10,774,904 00
11,015,911 10
10,716,067 50
11,441,924 23
13,192,935 86
Due to banks and bankers..................
6,952,533 10
6,698,089 57
6,240,413 58
6,907,607 95
7,277,997 59
Dividends unpaid................................
Certified checks...................................
158,009 02
165,335 80
209,504 55
243,877 88
Cashier’s checks outstanding..............
147,326 53
209,878 31
154,760 31
134,768 06
Savings deposits.................................. 107,237,454 66 110,314,123 69 112,264,118 11 113,213,368 36
Savings certificates of deposit............. 33,797,922 27 34,964,875 90 35,443,917 83 35,382,617 97
State deposits......................................
420,660 68
1,174,037 57
488,500 77
433,863 87
Reserved for taxes..............................
103,947 55
54,417 84
104,483 38
52,166 68
Notes and bills rediscounted...............
64,293 54
82,460 67
55,410 37
82,314 51
309,500 00
Bills payable.......................................
176,200 00
333,500 00
372,500 00
Other liabilities...................................
45,332 03
72,059 37
23,228 40
2,209 50
* 162,907
234,924
115,914,465
35,376,125
185,226
112,526
80,189
311,000
25
59
34
40
94
61
01
00
Totals........................................... $250,681,600 27 $256,576,474 74 $259,620,838 25 $265,842,856 48 $273,718,216 23
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
lxxi
REPORT OF THE COMMISSIONER.
NATIONAL BANKS.
1909.
A b s tr a c ts o f r e p o r ts m a d e b y the N a tio n a l b a n k s o f M ic h ig a n to th e C o m m is s io n e r o f the
B a n k in g D e p a r tm e n t, F e b r u a r y 5 , A p r i l 2 8 , J u n e 2 3 , S e p te m b e r 1 a n d N o v e m b e r 1 6 ,
1 9 0 9 . F o r r e p o r ts o f in d i v i d u a l N a tio n a l b a n k s see s u c c e e d in g p a g e s .
Resources.
Report of
Feb. 5,
96 national
banks.
Report of
April 28,
97 national
banks.
Report of
June 23,
97 national
banks.
Report of
Sept. 1,
99 national
banks.
Loans and discounts............................ $82,857,158 07 $85,647,107 07 $86,166,053 48 $89,010,848 35
Report of
Nov. 16,
99 national
banks.
$92,367,238 25
Overdrafts, secured and unsecured__
217,074 47
199,256 67
230,214 00
272,787 67
232,943 08
U. S. bonds to secure circulation.......
9,146,800 00
9,444,300 00
9,526,800 00
9,708,800 00
10,006,800 00
944,000 00
U. S. bonds to secure U. S. deposits..
1,627,000 00
1,242,000 00
1,272,000 00
962,000 00
Other bonds to secure U. S. deposits..
818,503 17
489,000 00
395,000 00
98,000 00
98,000 00
U. S. bonds on hand............................
354,020 00
435,960 00
477,260 00
552,760 00
255,060 00
Premiums on U. S. bonds...................
208,922 62
202,112 47
203,158 48
189,606 96
176,160 63
Stocks, securities, etc..........................
13,139,043 06
14,603,391 84
15,090,502 98
15,908,911 40
15,092,636 17
Banking house, furniture and fixtures.
2,527,917 62
2,560,317 09
2,585,213 18
2,630,183 71
2,651,928 17
Other real estate and mortgages owned
Due from national banks (not reserve
agents).............................................
280,814 05
279,954 95
308,722 17
298,384 39
285,810 50
3,573,839 51
3,806,622 16
3,931,565 96
4,661,059 15
4,771,616 74
Due from state banks and bankers. . .
2,721,035 46
2,644,735 79
2,560,385 41
2,579,418 91
3,026,056 00
Due from approved reserve agents....
15,742,818 27
16,180,039 71
15,342,248 30
16,024,453 91
14,600,685 65
Checks and other cash items...............
257,206 64
237,889 83
243,026 91
279,827 77
255,876 57
Exchanges for clearing house.............
651,837 89
770,984 71
664,949 08
1,230,299 31
868,545 43
Notes of other national banks............
Fractional paper currency, nickels and
cents.................................................
Specie...................................................
Legal tender notes..............................
Redemption fund with U. S. treasurer
(5% of circulation)..........................
Due from U. S. treasurer, other than
5% redemption fund.......................
875,088 00
876,243 00
1,040,'863 00
1,184,601 00
690,687 00
67,416 73
7,145,829 45
3,870,325 00
52,406 27
6,756,810 47
3,579,377 00
49,720 42
6,551,211 40
3,998,566 00
53,092 95
7,142,512 78
4,175,317 00
59,629 04
6,922,089 31
3,632,598 00
438,070 00
456,837 50
462,742 50
458,512 50
483,312 50
184,022 50
183,422 50
109,857 50
186,902 50
157,102 50
Totals........................................... $146,707,622 51 $150,622,449 03 $151,284,225 77 $157,604,800 26 $157,531,530 54
Liabilities.
Capital stock paid in........................... $14,965,000 00 $14,986,100 00 $14,990,000 00 $15,077,500 00
6,391,315 85
6,228,682 73
6,170,855 15
6,166,750 00
Surplus fund........................................
Undivided profits less expenses and
2,772,511 55
2,466,448 10
2,546,815 51
taxes paid......................................... 2,227,942 23
9,430,945 50
9,326,675 50
8,921,825 00
9,306,252 50
National bank notes outstanding.......
5,696,441 30
5,046,310 72
4,901,952 02
4,860,628 58
Due to other national banks...............
Due to state banks and bankers......... 12,477,494 62 13,623,180 97 13,579,955 32 12,695,173 75
10,308 95
11,823 03
13,748 68
12,014 88
Dividends unpaid...............................
Individual deposits subject to check.. 94,576,891 66 97,033,325 55 97,142,604 70 104,365,152 14
627,265 25
1,247,935 44
4,244,260 60
1,938,176 53
United States deposits........................
336,154 85
302,689 79
211,569 60
360,020 37
Deposits of U. S. disbursing officers...
200,000 00
200,000 00
306,000 00
215,000 00
Bonds borrowed...................................
203,881 62
303,430 22
14,003 72
7,000 00
Notes and bills rediscounted...............
32,500 00
60,000 00
135,000 00
27,262 95
57,206 77
58,233 96
17,329 41
Reserved for taxes..............................
Liabilities other than those above
44,450 00
14,400 00
13,700 00
19,000 00
stated ...............................................
$15,189,500 00
6,416,510 99
2,881,308
9,894,100
5,462,479
12,548,574
33,221
103,669,284
601,794
357,571
200,000
142,064
74,000
31,510
23
50
60
22
55
41
14
08
00
93
00
89
29,610 00
Totals........................................... $146,707,622 51 $150,622,449 03 $151,284,225 77 $157,604,800 26 $157,531,530 54
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
Ixxii
STATE AND NATIONAL BANKS.
1909.
A b s tr a c ts s h o w in g the to ta l v o lu m e o f b u s in e s s tr a n s a c te d b y the S ta te a n d N a tio n a l b a n k s
a n d tr u s t c o m p a n ie s o f M ic h ig a n , a s m a d e to the C o m m is s io n e r o f the B a n k in g D e p a r t
m e n t, F e b r u a r y 5 , A p r i l 2 8 , J u n e 2 3 , S e p te m b e r 1 a n d N o v e m b e r 1 6 , 1 9 0 9 .
Resources.
Report of
Feb. 5, 352
state banks,
96 national
banks, 6 trust
companies.
Report of
April 28, 362
state banks,
97 national
banks, 5 trust
companies.
Report of
June 23, 365
state banks,
97 national
banks, 5 trust
companies.
Report of
Sept. 1, 371
state banks,
99 national
banks, 5 trust
companies.
Report of
Nov. 16, 376
state banks,
99 national
banks, 5 trust
companies.
Loans and discounts............................ 1180,479,874 76 $185,859,812 66 $185,815,475 60 $191,620,704 60 $198,275,945 02
Stocks, bonds and mortgages............. 109,479,890 52 114,282,887 03 118,600,841 60 121,312,994 00
123,589,339 67
Overdrafts...........................................
510,069 46
529,599 35
544,362 56
588,743 12
603,779 15
U. S. bonds to secure circulation.......
9,146,800 00
9,444,300 00
9,526,800 00
9,708,800 00
10,006,800 00
-U. S. bonds to secure U. S. deposits..
1,627,000 00
1,242,000 00
1,272,000 00
962,000 00
944,000 00
Other bonds to secure U. S. deposits..
818,503 17
489,000 00
395,000 00
98,000 00
98,000 00
U. S. bonds on hand............................
955,040 00
1,146,380 00
1,087,280 00
1,166,780 00
803,430 00
Premiums paid.....................................
332,464 06
342,528 62
347,672 72
325,809 34
307,972 04
Banking house, furniture and fixtures.
7,665,775 22
7,809,131 21
7,923,227 90
8,065,734 17
8,147,812 89
Other real estate.................................
1,769,795 53
1,732,293 60
1,771,576 13
1,753,487 75
1,743,783 52
Due from other banks and bankers...
8,279,156 49
8,899,999 68
8,530,845 17
9,219,683 27
10,156,404 62
Due from banks in reserve cities........
47,382,633 95
47,407,486 36
46,238,534 88
47,894,494 78
47,457,410 47
Checks and other cash items...............
589,481 87
550,418 08
582,146 58
695,131 34
593,827 77
Exchanges for clearing house.............
1,810,568 57
1,808,454 83
1,864,463 03
2,642,269 15
2,210,884 80
Nickels and cents................................
* 172,290 38
150,341 26
144,200 75
143,795 88
155,007 01
Specie................................................... 13,322,495 37
12,612,489 54
12,746,069 22
13,327,625 58
12,992,164 81
U. S. and national bank notes............ 12,422,410 93
Redemption fund with U. S. treasurer
438,070 00
(5% of circulation)..........................
Due from U. S. treasurer, other than
186,902 50
5% redemption fund.......................
12,277,861 55
12,867,802 88
13,279,668 76
12,570,015 00
456,837 50
462,742 50
458,512 50
483,312 50
157,102 50
184,022 50
183,422 50
109 857 50
Totals........................................... $397,389,222 78 $407,198,923 77 $410,905,064 02 $423,447,656 74 $431,249,746 77
Liabilities.
Capital stock paid in........................... $36,730,698 53 $36,664,080 00 $36,774,350 00 $37,052,233 67
Surplus fund....................................... 17,261,862 58
Undivided profits less expenses and
6,241,800 38
taxes paid.......................................
17,311,371 39
17,776,378 58
17,818,930 43
7,325,517 81
7,800,480 90
6,944,047 46
8,222,005 09
9,430,945 50
9,326,675 50
9,306,252 50
8,921,825 00
National bank notes outstanding.......
Due to banks and bankers.................. 24,290,656 30 25,223,222 56 24,866,679 62 25,299,223 00
30,120 95
27,310 60
19,286 39
54,867 63
Dividends unpaid................................
Commercial deposits............................ 159,567,679 62 162,360,304 06 163,889,418 04 175,921,778 33
Savings deposits.................................. 141,035,376 93 145,278,999 59 147,708,035 94 148,595,986 33
488,500 77
433,863 87
1,174,037 57
420,660 68
State moneys on deposit.....................
963,420 10
1,550,625 23
1,604,280 97
2,149,746 13
United States deposits........................
200,000
00
200,000
00
215,000
00
306,000
00
Bonds borrowed...................................
81,680 79
161,690 15
162,181 51
69,496 09
Reserved for taxes ."...........................
358,840
59
286,196
13
96,464
39
71,293
54
Notes and bills rediscounted.............
342,000 00
432,500 00
468,500 00
176,200 00
Bills payable.....................................
Liabilities other than those above
89,782 03
16,609 50
36,928 40
91,059 37
stated .............................................
Totals.........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$37,350,633 00
17,255,843 81
9,894,100
25,289,051
47,493
179,211,448
151,290,590
185,226
959,365
200,000
144,037
222,253
385,000
50
41
63
37
74
94
22
00
50
94
00
29,610 00
$397,389,222 78 $407,198,923 77 $410,905,064 02 $423,447,656 74 $431,249,746 77
Ixxiii
REPORT OF THE COMMISSIONER.
DETROIT.
STA TE BA N K S.
1909.
A b s tr a c ts o f the p u b lis h e d r e p o r ts o f the S ta te b a n k s a n d tr u s t c o m p a n ie s i n the c ity of D e tr o it,
a s m a d e to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, F e b r u a r y 5 , A p r i l 2 8 , J u n e 2 3 ,
S e p te m b e r 1 a n d N o v e m b e r 1 6 , 1 9 0 9 .
Resources.
Report of
Report of
Report of
Report of
Report of
June 23, 12
Sept. 1, 12
Nov.U6, 12
April 28, 12
Feb. 5, 13
state banks, 3
state banks, 3
state banks, 3 state banks, 3 state banks, 3
trust companies. trust companies. trust companies. trust companies. trust companies.
Loans and discounts.......................... $31,102,188 08 $31,564,464 30 $30,700,613 35 $32,775,624 12
$34,158,675 30
Bonds, mortgages and securities.......
41,122,065 22
42,402,572 52
44,277,734 44
45,371,998 04
46,446,747 72
Premiums paid on bonds...................
56,689 23
64,884 42
64,614 59
61,217 08
63,814 63
Overdrafts...........................................
10,541 15
14,142 86
13,563 60
10,682 47
8,504 40
Banking house....................................
1,425,060 76
1,430,981 14
1,491,806 40
1,532,445 45
1,541,385 77
Other real estate................................
Due from other banks and bankers
(not reserve cities).........................
843,421 41
788,784 38
776,922 05
782,371 04
776,265 52
273,888 36
304,705 10
308,977 74
325,082 13
250,820 85
Items in transit..................................
458,565 05
520,861 39
458,004 86
457,008 55
599,187 46
United States bonds..........................
425,000 00
425,000 00
425,000 00
425,000 00
425,000 00
Due from banks in reserve cities........
12,210,085 36
12,820,564 27
12,031,773 60
12,318,545 01
12,048,722 02
Exchanges for clearing house...........
741,299 73
635,748 75
829,216 87
978,307 28
907,629 98
U. S. and national bank currency. . . .
2,596,353 00
2,568,401 00
2,714,574 00
2,651,802 00
2,630,410 00
Gold coin.............................................
2,254,643 50
2,009,518 66
2,325,737 84
2,163,640 60
2,022,747 65
Silver coin...........................................
174,551 15
157,351 96
188,614 89
195,831 34
219,439 02
Nickels and cents...............................
18,966 45
15,098 40
15,603 25
13,223 05
18,662 03
Checks and other cash items...........
61,963 83
26,666 89
46,083 52
55,251 19
51,276 29
Totals........................................... $93,775,282 28 $95,749,746 04 $96,668,841 00 $100,118,029 35
$102,169,288 64
Liabilities.
Capital stock paid in .........................
$6,420,000 00
$6,220,000 00
$6,220,000 00
$6,220,000 00
Surplus fund.......................................
Undivided profits, less current expenses, interest and taxes paid. . . .
5,310,000 00
5,260,000 00
5,265,000 00
5,290,000 00
5,290,000 00
1,787,168 96
1,920,651 92
2,045,537 05
2,002,347 18
2,173,428 86
Dividends unpaid...............................
569 50
1,273 25
231 00
4,072 50
4,322 00
21,602,430 94
23,041,800 97
25,436,306 05
25,998,238 50
1,574,152 36
1,538,419 19
1,238,289 61
1,112,967 92
826,386 83
5,546,984 42
5,231,187 30
4,883,549 38
5,423,808 26
5,361,568 23
Commercial deposits subject to check. 20,978,706 27
Commercial certificates of deposit..
Due to banks and bankers...............
Certified checks.................................
Cashier’s checks outstanding...........
Savings deposits................................
Savings certificates of deposit..........
State deposits...................................
Reserved for taxes...........................
Notes and bills rediscounted . .
Totals.........................................
3
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
116,158
105,786
48,394,378
3,140,391
330,364
20 263
50i358
01
38
14
69
63
37
55
111,981
126,515
49,718,820
3,232,772
700,943
1,093
83|656
81
72
31
11
69
50
30
159,817
109,921
50,243,570
3,283,240
72,200
2,209
103,472
39
51
96
92
05
50
66
83,860
101,067
51,108,349
3,260,497
22,431
51,989
'331
59
24
69
85
17
40
50
$6,220,000 00
130,582
187,909
52,394,365
3,471,406
41,984
11
37
39
78
59
69,095 98
$93,775,282 28 $95,749,746 04 $96,668,841 00 $100,118,029 35 $102,169,288 64
STATE BANKING DEPARTMENT.
Ixxiv
DETROIT.
N A T IO N A L B A N K S .
1909.
A b s tr a c ts o f th e 'p u b lish e d r e p o r ts o f th e N a tio n a l b a n k s i n the c i t y o f D e tr o it, as* m a d e
to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, F e b r u a r y 5 , A p r i l 2 8 , J u n e 2 3 , S e p
te m b e r 1 , a n d N o v e m b e r 1 6 , 1 9 0 9 .
Resources.
Report of
Feb. 5, 4
national banks.
Report of
April 28, 4
national banks.
Report of
June 23, 4
national banks.
Report of
Sept. 1, 4
national banks.
Loans and discounts.......................... $23,350,195 08 $25,046,464 14 $25,466,576 54 $27,696,940 65
Report of
Nov. 16, 4
national banks.
$29,160,225,72
Overdrafts, secured and unsecured...
4,372 10
2,841 79
4,871 61
10,384 35
4,675 35
U. S. bonds to secure circulation....
1,490,000 00
1,490,000 00
1,490,000 00
1,530,000 00
1,749,000 00
431,000 00
431,000 00
66,020 00
U. S. bonds to secure U. S. deposits
480.000 00
480,000 00
480,000 00
Other bonds to secure U. S. deposits .
301.000 00
200,000 00
200,000 00
U. S. bonds on hand.........................
254,320 00
212,520 00
257,520 00
285,020 00
Premiums on U. S. bonds................
40,175 00
39,925 00
40,150 00
39,675 00
34,250 00
Stocks, securities, etc.........................
4,073,133 90
4,517,467 97
4,705,497 23
5,100,275 25
4,423,886 50
Banking house, furniture and fixtures.
192,101 15
189,598 60
189,607 60
197,773 60
198,191 40
Other real estate and mortgages owned
Due from national banks (not reserve
agents).............................................
10,064 99
10,064 99
10,064 99
10,064 99
10,064 99
2,410,357 30
2,450,202 76
2,830,083 01
3,336,452 48
3,358,230 08
Due from state banks and bankers. . .
1,420,315 29
1,294,692 22
1,383,022 34
1,244,858 87
1,632,267 93
Due from approved reserve agents .
4,914,265 16
5,156,671 71
5,077,096 68
5,906,200 30
4,652,864 56
Checks and other cash items............
68,939 61
92,883 09
80,920 57
67,454 75
48,766 78
Exchanges for clearing house...........
469,410 46
479,253 57
488,272 23
966,609 16
635,675 32
Notes of other national banks..........
Fractional paper currency, nickels and
cents.................................................
Specie ................................................
262,378 00
287,729 00
460,428 00
670,246 00
208,518 00
13,485 18
2,729,208 00
12,989 04
2,533,524 50
10,128 08
2,478,501 50
9,554 03
2,892,800 50
15,384 54
2,799,316 50
2,009,618 00
1,801,941 00
2,184,143 00
2,507,097 00
1,884,010 00
69,900 00
72,150 00
74,480 00
69,000 00
84,450 00
142,600 00
132,500 00
156,500 00
152,520 00
90,200 00
$44,705,839 22 $46,503,419 38 $48,067,863 38 $53,123,926 93
$51,486,997 67
Legal tender notes.............................
Redemption fund with U. S. treas
urer (5% of circulation)................
Due from U. S. treasurer, other than
5% redemption fund......................
Totals
Liabilities.
Capital stock paid in ......................... $5,150,000 00
Surplus fund.......................................
1,750,000 00
Undivided profits, less expenses and
taxes paid.......................... 8 ..........
474,408 42
National bank notes outstanding....
1,429,190 00
Due to other national banks............
4,269,356 53
Due to state banks and bankers. . . .
9,252,154 51
Dividends unpaid...............................
455 40
Individual deposits subject to check.. 21,372,303 64
United States deposits.......................
544,644 50
Deposits of U. S. disbursing officers...
171,488 78
Bonds borrowed..................................
281,000 00
Notes and bills rediscounted.............
Bills payable.......................................
Reserved for taxes.............................
10,837 44
Liabilities other than those above
stated
Totals
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,150,000 00
1,750,000 00
$5,150,000 00
1,750,000 00
$5,150,000 00
1,750,000 00
$5,150,000 00
1,750,000 00
489,751
1,453,020
4,195,455
10,398,258
1,853
22,115,546
510,126
187,655
215,000
582,580
1,426,580
4,353,101
10,622,157
398
23,302,244
474,377
167,586
560,066
1,373,620
4,810,556
9,597,995
795
29,220,598
250,115
201,756
624,413
1,738,200
4,565,417
9,253,171
243
27,716,036
181,914
250,178
72
00
28
08
04
73
43
69
00
48
00
29
07
04
58
69
79
34
00
30
30
94
84
26
88
82
00
72
90
04
43
10
59
200,000 00
200,000 00
200,000 00
38,837 44
2,422 07
50,000 00
7,422 07
$44,705,839 22 $46,503,419 38 $48,007,863 38 $53,123,926 93
$51,486,997 67
36,752 41
REPORT OF THE COMMISSIONER.
lxxv
DETROIT.
S T A T E A N D N A T IO N A L B A N K S .
1909.
A b s tr a c ts o f the 'p u b lish e d r e p o r ts o f th e S ta te a n d N a tio n a l b a n k s a n d tr u s t c o m p a n ie s i n
the c i t y o f D e tr o it, a s m a d e to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, F e b r u a r y 5 ,
A p r i l 2 8 , J u n e 2 3 , S e p te m b e r 1 a n d N o v e m b e r 1 6 , 1 9 0 9 .
Resources.
Report of
Report of
Report of
Report of
Report of
Feb. 5 13
April 28, 12
June 23, 12
Sept. 1, 12
Nov. 16, 12
state banks, 4 state banks, 4
state banks, 4 state banks, 4 state banks, 4
national banks, S national banks, c national banks, S national banks, 3 national banks, 3
trust companies . trust companies. trust companies trust companies. trust companies.
Loans and discount........................... 154,452,383 16 $56,610,928 44 $56,167,189 89 $60,472,564 77
$63,318,901 02
Stocks, bonds and mortgages...........
45,195,199 12
46,920,040 49
48,983,231 67
50,472,273 29
Overdrafts...........................................
14,913 25
16,984 65
18,435 21
21,066 82
13,179 75
U. S. bonds to secure circulation.......
1,490,000 00
1,490,000 00
1,490,000 00
1,430,000 00
1,749,000 00
431,000 00
431,000 00
491,020 00
50,870,634 22
U. S. bonds to secure U. S. deposits...
480,000 00
480,000 00
480,000 00
Other bonds to secure U. S. deposits...
301,000 00
200,000 00
200,000 00
U. S. bonds on hand.........................
679,320 00
637,520 00
682,520 00 x
710,020 00
Premiums paid...................................
96,864 23
104,809 42
104,764 59
100,892 08
98,064 63
1,617,161 91
1,620,579 74
1,681,414 00
1,730,219 05
1,739,577 17
Banking house, furniture and fixtures.
Other real estate................................
853,486 40
798,849 37
786,987 04
792,436 03
786,330 51
Due from other banks and bankers...
4,563,126 00
4,570,461 47
4,980,087 95
5,363,402 03
5,840,500 32
16,701,586 58
Due from banks in reserve cities....
17,124,350 52
17,977,235 98
17,108,870 28
18,224,745 31
Checks and other cash items............
130,903 44
119,549 98
127,004 09
122,705 94
100,043 07
Exchanges for clearing house...........
1,210,710 19
1,115,002 32
1,317,489 10
1,944,916 44
1,543,305 30
Nickels and cents...............................
32,451 63
28,087 44
25,731 33
22,777 08
34,046 57
Specie...................................................
5,158,402 65
4,700,395 12
4,992,854 23
5,252,272 44
5,041,503 17
U. S. and national bank notes............
Redemption fund with U. S. treasurer (5% of circulation)................
Due from U. S. treasurer, other than
5% redemption fund......................
4,868,349 00
4,658,071 00
5,359,145 00
5,829,145 00
4,722,938 00
69,900 00
72,150 00
74,480 00
69,000 00
84,450 00
142,600 00
132,500 00
156,500 00
152,520 00
90,200 00
Totals........................................... $138,481,12 1 50 $142,253,165 42 $144,736,704 38 $153,241,950 28 $153,656,286 31
Liabilities.
Capital stock paid in ......................... $11,570,000 00 $11,370,000 00 $11,370,000 00 $11,370,000 00
$11,370,000 00
Surplus fund......................................
Undivided profits less expenses and
taxes paid........................................
7,060,000 00
7,010,000 00
7,015,000 00
7,040,000 00
7,040,000 00
2,261,577 38
2,410,403 64
2,628,117 53
2,562,413 52
2,797,842 68
National bank notes outstanding ...
1,429,190 00
1,453,020 00
1,426,580 00
1,373,620 00
Due to banks and bankers............... 19,068,495 46
Dividends unpaid...............................
1,024 90
Commercial deposits........................... 44,147,106 66
Savings deposits................................. 51,534,769 83
State moneys on deposit...................
330,364 63
United States deposits.......................
716,133 28
Bonds borrowed..................................
281,000 00
Reserved for taxes.............................
61,195 99
Bills payable.......................................
Notes and bills rediscounted.............
Liabilities other than those above
stated...............................................
20,263 37
19,824,900
3,126
45,494,894
52,951,592
700,943
697,782
215,000
120,408
66
29
39
42
69
12
00
71
1,093 50
19,858,807
629
47,852,074
53,526,811
72,200
641,964
200,000
142,310
74
04
06
88
05
48
00
10
2,209 50
19,832,359
4,868
55,954,800
54,368,847
22,431
457,872
200,000
2,753
86
44
64
54
17
14
00
57
1,738,200 00
19,180,157
4,565
54,859,153
55,865,772
41,984
432,092
200,000
76,518
50,000
85
04
24
17
59
69
00
05
00
51 989 40
Totals........................................... $138,481,12 1 50 $142,253,165 42 $144,736,704 38 $153,241,956 28 $153,656,286 31
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
lxxvi
STATE BANKING DEPARTMENT.
GRAND RAPIDS.
S T A T E A N D N A T IO N A L B A N K S .
A b s tr a c ts o f the 'p u b lish ed r e p o r ts o f the five S ta te a n d fo u r N a tio n a l b a n k s a n d on e tr u s t
c o m p a n y i n the c ity o f G r a n d R a p id s , a s m a d e to the C o m m is s io n e r o f the B a n k in g D e
p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Report of
5 state
banks, 1 trust
company.
Resources.
Report of
4 national
banks.
Total.
Loans and discounts................................................................................
$5,887,826 80
$12,096,744 67
$17,984,571 47
Stocks, bonds and mortgages...................................................................
6,599,145 49
1,271,852 49
7,870,997 98
Overdrafts....................................................... ........................................
5,085 19
13,939 53
19,024 72
.........................................
2,078,000 00
2,078,000 00
XJ R Ronds to secure XJ. R. deposits.......................................................
153,000 00
153,000 00
XJ R bonds t'D secure circulation.. .
6,500 00
6,500 00
Premiums paid.........................................................................................
5,230 80
49,700 00
54,930 80
Banking house, furniture and fixtures....................................................
199,696 99
447,604 74
647,301 73
Other real estate......................................................................................
21,467 15
8,944 45
30,411 60
Due from other banks and bankers........................................................
205,670 41
1,058,252 12
1,263,922 53
Due from banks in reserve cities...........................'.................................
1,821,439 39
1,465,673 06
3,287,112 45
XJ R bonds on hand
...............................................................
Checks and other cash items...................................................................
35,214 69
10,242 90
45,457 59
Exchanges for clearing house...................................................................
100,055 37
124,604 19
224,659 56
Nickels and cents.....................................................................................
5,036 95
6 495 25
11,532 20
Specie........................................................................................................
278,762 95
596 389 15
875,152 10
U. S. and National bank notes................................................................
389,652 50
444,412 00
834,064 50
Redemption fund with U. S. treasurer (5% of circulation)...................
98,900 00
98,900 00
Due from II. S. treasurer, other than 5% redemption fund..................
8,500 00
8.500 00
Totals................................................................................................
$15,554,284 68
$19,939,754 55
135,494,039 23
Liabilities.
Capital stock paid in................................................................................
$1,250,000 00
$2,200,000 00
$3,450,000 00
Surplus fund.............................................................................................
571,000 00
820,000 00
1,391,000 00
Undivided profits less expenses and taxes paid.....................................
290,119 15
468,896 18
759,015 33
2,056,437 50
2,056,437 50
3,152,505 27
National bank notes outstanding............................................................
Due to banks and bankers......................................................................
264,586 39
2,887,918 88
Dividends unpaid.....................................................................................
188 50
416 50
605 00
Commercial deposits................................................................................
3,407,469 19
11,362,511 26
14,769,980 45
Ravings deposits.......................................................................................
9,737,509 58
State moneys on deposit..........................................................................
15,000 00
15,000 00
143,574 23
XJnited States deposits.............................................................................
Ron dp borrowed
Reserved for taxes, interest, ete.............................................................
Notes and bills rediscounted
Rills payable
Inabilities other than those above stated . . .
15,911 87
Totals...............................................................................................
$15,554,284 68
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9,737,509 58
143,574 23
2,500 00
2,500 00
15,911 87
$19,939,754 55
$35,494,039 23
lxxvii
REPORT OF THE COMMISSIONER.
SAGINAW.
S T A T E A N D N A T IO N A L B A N K S .
A b s tr a c ts o f the p u b lis h e d r e p o r ts o f the th ree S ta te a n d tw o N a tio n a l b a n k s i n the c ity of
S a g in a w , a s m a d e to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Resources.
Report of
3 state
banks.
Report of
2 national
banks.
Total.
Loans and discounts................................................................................
$4,161,630 98
$3,992,357 13
$8,153,988 11
Stocks bonds and mortgages...................................................................
3,432,634 94
506,505 58
3,939,140 52
Overdrafts.................................................................................................
5,416 35
1,979 39
7,395 74
XJ S bonds to secure circulation.............................................................
600,000 00
600,000 00
TT. S- bonds to secure U. S. deposits.......................................................
51.000 00
51.000 00
Other bonds to secure TT. S. deposits......................................................
32.000 00
32.000 00
XT S bonds on hand
30.000 00
30.000 00
.......................................................................
Premiums paid.........................................................................................
1,647 52
2,671 65
4,319 17
Banking house furniture and fixtures....................................................
112,303 00
59,709 20
172,012 20
Other real estate
.......................................................................
24,684 87
24,684 87
Due from other banks and bankers.........................................................
92,663 74
113,577 30
206,241 04
1,606,929 28
Due from banks in reserve cities.............................................................
1,063,679 62
543,249 66
Checks and other cash items...................................................................
5,038 21
6,137 72
11,175 93
Exchanges for clearing house...................................................................
Nickels and cents.....................................................................................
17,648 10
2,392 40
11,193 99
971 66
28,842 09
3,364 06
Specie........................................................................................................
198,150 60
241,343 10
439,493 70
XT S and National bank notes................................................................
249,406 00
69,680 00
319,086 00
30,000 00
1,000 00
30.000 00
1,000 00
Redemption fund with TTt S treasurer (5% of circulation) .. .
Due frnm XT S treasurer other than 5% redemption fund...................
Totals............................................................................ ....................
$9,367,296 33
$6,293,376 38
$15,660,672 71
Liabilities.
Capital stock paid in................................................................................
$500,000 00
$600,000 00
$1,100,000 00
Surplus fund................................................................. ..........................
575,000 00
400,000 00
975,000 00
TTndivided profits less expenses and taxes paid.....................................
139,726 14
100,225 89
239,952 03
National bank notes outstanding............................................................
Due to banks and bankers.......................................................................
283,873 74
599,997 50
599,997 50
558,510 53
842,384 27
Dividends unpaid.....................................................................................
180 00
60 00
240 00
Commercial deposits................................................................................
2,427,466 68
3,958,582 46
6.386.049 14
Savings deposits ....................................................................................
5,441,049 77
5.441.049 77
State moneys on deposit.........................................................................
XTnited States deposits.............................................................................
Ponds borrowed
Reserved for taxes
Notes and bills rediscounted
76,000 00
76,000 00
$6,293,376 38
$15,660,672 71
..................................................
........................................................
...............................................
Pills payable
..................................................
T'labilities other than those above stated
Totals................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$9,367,296 33
lxxviii
STATE BANKING DEPARTMENT.
BATTLE CREEK.
S T A T E A N D N A T IO N A L B A N K S .
A b s tr a c ts o f the p u b lis h e d r e p o r ts o f the tw o S ta te a n d N a tio n a l b a n k s i n the c ity o f B a ttle
C re e k , a s m a d e to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Resources.
Report of
2 state
banks.
Report of
2 national
banks.
Total.
Loans and discount..................................................................................
11,038,478 16
$4,191,463 30
$5,229,941 46
Stocks, bonds and mortgages...................................................................
1,255,224 20
802,372 89
2,057,597 09
Overdrafts.................................................................................................
4,892 35
8,480 09
13,372 44
350 000 00
350,000 00
2,000 00
2,000 00
30 000 00
30,000 00
U. S. bonds to secure circulation.............................................................
U. S. bonds to secure U. S. deposits.................................................... .
Other bonds to secure TJ. S. deposits......................................................
U. S. bonds on hand.................................................
Premiums paid.............................................................
Banking house, furniture and fixtures....................................................
43,038 00
Other real estate................................................................
5 710 00
5,710 00
24,496 50
67,534 50
29,096 65
6,050 71
35,147 36
Due from other banks and bankers........................................................
202 93
91,530 69
91,733 62
Due from banks in reserve cities.............................................................
219,805 83
513,298 02
733,103 85
Checks and other cash items...................................................................
38 25
11,684 68
11,722 93
Exchanges for clearing house...................................................................
8,444 10
Nickels and cents.....................................................................................
1,221 07
1,416 60
2,637 67
Specie..........................................................................
71,787 50
230,457 35
302,244 85
U. S. and National bank notes................................
109,026 00
59,865 00
168,891 00
Redemption fund with U. S. treasurer (5% of circulation)...................
17,500 00
17,500 00
Due from U. S. treasurer, other than 5% redemption fund...................
2,000 00
2,000 00
$2,781,255 04
$6,348,325 83
$9,129,580 87
Totals..............................................
Liabilities.
Capital stock paid in................................................................................
8,444 10
$150,000 00
$350,000 00
$500,000 00
Surplus fund..................................................
45,000 00
105,000 00
150,000 00
Undivided profits less expenses and taxes paid......................................
23,010 19
37,979 99
60,990 18
347 300 00
347 300 00
22,613 95
32,171 01
54,784 96
457,529 12
5,473,874 83
National bank notes outstanding.........................................
Due to banks and bankers.......................................................................
Dividends unpaid.......................................
Commercial deposits...........................................
Savings deposits..................................................................................
2,083 101 78
5,931 403 95
2,083,101 78
State moneys on deposit...........................
United States deposits...................................................
2,000 00
2,000 00
Bonds borrowed.................................................................
Reserved taxes.......................................................................
Notes and bills rediscounted...................................................................
.
Bills payable..................................................................................
Liabilities other than those above stated..........................................
Totals.....................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,781,255 04
$6,348,325 83
$9,129,580 87
REPORT OF THE COMMISSIONER.
Ixxix
KALAMAZOO.
S T A T E A .NX) N A T IO N A L B A N K S .
A b s tr a c ts o f the 'p u b lish ed r e p o r ts o f the tw o S ta te a n d fo u r N a tio n a l b a n k s i n the c i t y of
K a la m a z o o , a s m a d e to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Resources.
Report of
2 state
banks.
Report of
4 national
banks.
Total.
Loans and discounts.............................................................
,372,300 30
$3,891,453 10
$5,263,753 40
Stocks, bonds and mortgages................................................
626,123 75
333,991 81
960,115 56
Overdrafts..............................................................................
18,231 61
33,020 65
51,252 26
II. S. bonds to secure circulation..........................................
345,000 00
345,000 00
U. S. bonds to secure U. S. deposits.....................................
25,000 00
25,000 00
Other bonds to secure U. S. deposits....................................
U. S. bonds on hand..............................................................
2,500 00
2,500 00
Premiums paid.......................................................................
14,161 00
14,161 00
319,497 00
Banking house, furniture and fixtures.................................
104,500 00
214,997 00
Other real estate....................................................................
18,000 00
57,806 69
75,806 69
Due from other banks and bankers......................................
8,024 04
215,289 10
223,313 14
Due from banks in reserve cities...........................................
393,093 91
814,030 45
1,207,124 36
Checks and other cash items................................................
6,342 84
8,611 31
'14,954 15
Exchanges for clearing house................................................
30,499 61
34,917 47
65,417 08
Nickels and cents...................................................................
985 27
1,325 40
2,310 67
Specie.....................................................................................
38,627 65
130,233 95
168,861 60
U. S. and National bank notes........................................... .
85,860 00
227,436 00
313,296 00
Redemption fund with TJ. S. treasurer (5% of circulation).
17,250 00
17,250 00
Due from IT. S. treasurer, other than 5% redemption fund.
500 00
500 00
,702,588 98
1,367,523 93
$9,070,112 91
Liabilities.
Capital stock paid in..........................................
$200,000 00
$500,000 00
$700,000 00
Surplus fund........................................................
120,000 00
375,000 00
495.000 00
Undivided profits less expenses and taxes paid.
24,227 29
132,804 97
157,032 26
Totals.
National bank notes outstanding.......................
Due to banks and bankers..................................
486,167 47
340,600 00
340,600 00
136,926 40
623,093 87
Dividends unpaid................................................
120 00
8,000 00
8,120 00
Commercial deposits...........................................
608,878 83
4,830,984 77
5,439,863 60
Savings deposits..................................................
1,230,561 18
State Moneys on deposit.....................................
7,298 72
United States deposits........................................
1,230,561 18
7,298 27
25,000 00
25.000 00
Bonds borrowed..................................................
Reserved for taxes, interest, etc........................
12,736 98
Notes and bills rediscounted..............................
12,598 96
18,207 79
30,806 75
2,702,588 98
3,367,523 93
$9,070,112 91
12,736 98
Bills payable.......................................
Liabilities other than those above stated..........
Totals
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
lxxx
BAY CITY.
STA TE
A N D N A T IO N A L B A N K S .
A b s tr a c ts o f the 'p u b lish ed r e p o r ts o f the five S ta te a n d tw o N a tio n a l b a n k s i n B a y C ity , a s
m a d e to the C o m m is s io n e r o f th e B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Report of
5 state
banks.
Report of
2 national
banks.
...........................................................................
$2,437,309 54
$1,339,783 15
$3,777,092 69
Stocks bonds and mortgages...................................................................
2,067,313 47
374,465 66
3,441,779 13
Resources.
Loans and discount
Overdrafts
TT
R
1,846 82
9,524 66
........................................................
150,000 00
150,000 00
deposits ....................................................
56,000 00
56,000 00
22,500 00
79,500 00
..............................................................................
bends to seenre eircula/tion
Other bends t-e secure
IT R.
Total.
7,677 84
19,717 94
...........................................................................
19,717 94
Ranking house furniture and fixtures......................................................
57,000 00
Other real estate.
............................................................
26,507 72
One from other banks and bankers........................................................
10,302 24
39,054 41
49,356 65
One from banks in reserve cities.............................................................
951,577 00
178,153 69
1,129,730 69
Oheekg and other cash items...................................................................
2,230 98
2,579 07
4,810 05
Exchanges for clearing house...................................................................
14,550 65
8,295 45
22,846 10
Premiums paid
26,507 72
Nickels and cents.....................................................................................
1,997 50
817 64
2,815 14
Specie ................................i ...................................................................
96,679 42
69,887 00
166,566 42
and National bank notes................................................................
286,049 00
69,691 00
355,740 00
of circulation)...................
7,500 00
7,500 00
Due from TT R treasurer other than 5% redemption fund...................
600 00
600 00
TJt R
Redemption fund with TT
R
treasurer
Totals................................................................................................
$5,978,913 30
$2,321,173 89
$8,300,087 19
Liabilities.
Capital stock paid in................................................................................
$400,000 00
$200,000 00
$600,000 00
Surplus fund.............................................................................................
280,000 00
165.000 00
445.000 00
TTndivided profits less expenses and taxes paid.....................................
57,045 72
30,370 38
87,416 10
149.000 00
149.000 00
81,819 41
52,563 78
134,383 19
Commercial deposits................................................................................
1,854,396 18
1,652,562 63
3,506,958 81
Savings depogits
3,305,651 99
National bank notes outstanding............................................................
Due to banks and bankers.......................................................................
............................................................
TTnited States deposits.............................................................................
Totals..............................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,978,913 30
3,305,651 99
71,677 10
71,677 10
$2,321,173 89
$8,300,087 19
REPORT OF THE COMMISSIONER.
lxxxi
JACKSON.
S T A T E A N D N A T IO N A L B A N K S .
A b s tr a c ts o f the p u b lis h e d r e p o r ts o f the four S ta te a n d on e N a tio n a l b a n k s i n th e c ity o f
J a c k s o n , a s m a d e to th e C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Resources.
Report of
4 state
banks.
Report of
1 national
bank.
Total.
Loans and discount...............................................................
$2,939,561 15
$924,180 55
$3,863,741 70
Stocks, bonds and mortgages................................................
1,485,355 42
125,442 16
1,610,797 58
Overdrafts..............................................................................
14,839 29
6,983 90
21,823 19
50,000 00
50,000 00
U. S. bonds to secure circulation..........................................
U. S. bonds to secure U. S. deposits.....................................
Other bonds to secure U. S. deposits...................................
U. S. bonds on hand.............................................................
2,080 00
2,080 00
197,000 00
7,675 58
204,675 58
Premiums paid.......................................................................
Banking house, furniture and fixtures.................................
Other real estate............................................. .....................
50,015 05
20,919 78
70,934 83
Due from other banks and bankers.....................................
227,681 80
2,525 14
230,206 94
738,354 77
Due from banks in reserve cities..........................................
622,694 69
115,660 08
Checks and other cash items................................................
1,947 98
306 31
2,254 29
Exchanges for clearing house................................................
61,691 50
9,443 49
71,134 99
Nickels and cents...................................................................
1,132 14
1,579 41
2,711 55
Specie.....................................................................................
120,978 05
62,792 10
183,770 15
U. S. and National bank notes.............................................
165,577 00
51,131 00
216,708 00
Redemption fund with U. S. treasurer (5% of circulation).
2,500 00
2,500 00
Due from U. S. treasurer, other than 5% redemption fund.
GOO 00
600 00
,888,474 07
$1,383,819 50
*7,272,293 57
Liabilities.
Capital stock paid in..........................................
$600,000 00
1100,000 00
$700,000 00
Surplus fund........................................................
305,000 00
50.000 00
355,000 00
Undivided profits less expenses and taxes paid.
169,285 36
26,423 80
195,709 16
50.000 00
50,000 00
Totals...
National bank notes outstanding......................
Due to banks and bankers.................................
41,644 41
Dividends unpaid................................................
20 00
Commercial deposits...........................................
1,920,939 66
Savings deposit...................................................
2,851 584 64
41,644 41
20 00
1,157,395 70
3,078,335 36
2,851,584 64
State moneys on deposit............ ........................
United States deposits.......................................
Bonds borrowed..................................................
Reserved for taxes..............................................
Notes and bills rediscounted..............................
Bills payable........................................................
Liabilities other than those above stated..........
$5,888,474 07
Totals.
K
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,383,819 50
«7,272,293 57
STATE BANKING DEPARTMENT.
lxxxii
CALUMET.
S T A T E A N D N A T IO N A L B A N K S .
A b s tr a c ts o f the p u b lis h e d r e p o r ts o f the tw o S ta te a n d on e N a tio n a l b a n k s i n th e c ity .of
C a lu m e t, a s m a d e to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Resources.
Report of
2 state
banks.
Report of
1 national
bank.
T.nans and discounts................................................................................
«1,623,949 33
$2,340,910 80
$3,964,880 13
$tneks bonds nnd mortgages...................................................................
269,877 94
309,365 00
579,242 94
Overdrafts.................................................................................................
175 67
483 68
659 35
200,000 00
200,000 00
TT S bonds to secure circulation.............................................................
XJ S bonds
secure IT. p?. deposits
................................
10,000 00
10,000 00
........................................................
2,300 00
2,300 00
.......................................................................
3,500 00
3,500 00
50,498 80
116,232 51
Other bonds to secure U. S. deposits......................................................
TT p> bonds on band
Premiums paid
Total.
Banking house furniture and fixtures....................................................
65,733 71
8,544 06
...................................................................
8,544 06
THie fr0Tn nth or banks and bankers........................................................
57,626 62
43,807 86
101,434 48
One from banks in reserve cities...........................................................
717,177 49
225,980 06
943,157 55
Checks and other cash items...................................................................
6,516 77
4,899 80
11,416 57
7,003 72
7,603 72
Qtfier real estate
Exchanges for clearing house,........... : ....................................................
030 98
394 57
1,025 53
............................................................................
95,171 60
243,407 45
338,579 05
TT ^ and National bank notes................................................................
136,509 00
134,860 00
271,369 00
10,000 00
10,000 00
T^inkels and cents ................................................................... .............
Specie
Redemption fund with TT S treasurer (5% of circulation')...................
Eoe from U S treasurer other than
redemption fund...
Totals......................................................... ......................................
«2,981,913 15
$3,588,011 74
$6,569,924 89
Liabilities.
- . . , ............................................................
$250,000 00
$200,000 00
$450,000 00
..................................................................................
150,000 00
250,000 00
400,000 00
Undivided profits less expenses and taxes paid.....................................
99,247 75
27,977 52
127,225 27
184,350 00
184,350 00
971 80
6,947 86
2,923,712 42
5,178,218 72
Capital stock pnid in
Surplus fund
National bank notes outstanding
. ., ,., f ..........................
Ihie to banks and bankers.......................................................................
5,976 06
.................................................
70 00
Commercial deposits.................................................................................
2,254,506 30
Savings deposits........................................................................ ...........
222,113 04
Dividends unpaid
.
Unitpd State« deposit,«
.............................................
70 00
222,113 04
1,000 00
1,000 00
$3,588,011 74
$6,569,924 89
Notes and bills rediscounted...................................................................
I labilities other than those above stated
Totals.................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,981,913 15
REPORT OF THE COMMISSIONER.
Ixxxiii
ANN ARBOR.
S T A T E A N D N A T IO N A L B A N K S .
A b s tr a c ts o f the p u b lis h e d r e p o rts o f the fo u r S ta te a n d one N a tio n a l B a n k s i n the c ity o f A n n
A r b o r , a s m a d e to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Resources-
Loans and discounts..............................
Stocks, bonds and mortgages.............................
Overdrafts...................................
Report of
4 state
banks.
Report of
1 national
bank.
Total.
$1,535,991 86
$381,414 10
$1,917,405 96
2,929,942 10
91,288 60
3,021,230 70
26,806 98
7,259 07
34,066 05
100,000 00
100,000 00
U. S. bonds to secure circulation.........................
U. S. bonds to secure TJ. S. deposits...........................
Other bonds to secure U. S. deposits..............................
U. S. bonds on hand..................................................
Premiums paid.........................................
Banking house, furniture and fixtures........................
32,000 00
32.000 00
2,424 26
1,500 00
3,924 26
109,688 25
24,000 00
133,688 25
Other real estate.................................................
12,997 84
Due from other banks and bankers.......................
28,093 29
4,829 28
32,922 57
475,077 27
50,980 08
526,057 35
1,456 39
15,078 91
Due from banks in reserve cities......................
Checks and other cash items........................
3,082 23
Exchanges for clearing house......................
13,622 52
Nickels and cents..............................................
12,997 84
3,082 23
3,243 88
90 14
3,334 02
Specie......................................................................
149,519 81
22,780 90
172,300 71
U. S. and National bank notes......................
221,426 00
32,329 00
253,755 00
5,000 00
5.000 00
$5,543,916 29
$722,927 56
$6,266,843 85
Redemption fund with U. S. treasurer (5% of circulation)...................
Due from U. S. treasurer, other than 5% redemption fund..................
Total...............................................................
Liabilities.
Capital stock paid in..............................
$200,000 00
$100,000 00
$300,000 00
Surplus fund.........................................
351,500 00
50,000 00
401,500 00
Undivided profits less expenses and taxes paid......................................
110,690 60
20,914 03
131,604 63
100,000 00
100,000 00
National bank notes outstanding...............
Due to banks and bankers.........................................
Dividends unpaid.....................................
59,036 83
59,036 83
400 00
400 00
Commercial deposits.......................................
1,210,358 77
Savings deposits..................................................
3,606,930 09
3,606,930 09
5,000 00
5,000 00
State moneys on deposit............................. ...........
452,013 53
1,662,372 30
United States deposits....................................
Bonds borrowed...........................................
Reserved for taxes..................................................
Notes and bills rediscounted..............................
Bills payable..........................................................................
Liabilities other'than those above stated................
Totals...................................
L
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,543,916 29
$722,927 56
$0,266,843 85
STATE BANKING DEPARTMENT.
lxxxiv
PORT HURON.
S T A T E A N D N A T IO N A L B A N K S .
A b s tr a c ts o f the 'p u b lish ed r e p o r ts of the fo u r S ta te a n d on e N a tio n a l b a n k s i n the c ity of
P o r t H u r o n , a s m a d e to the C o m m is s io n e r of the B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 ,1 9 0 9 .
Resources.
Report of
4 state
banks.
Loans and discounts................................................................................
$2,215,782 45
$987,014 19
$3,202,796 64
Stocks, bonds and mortgages..................................................................
813,088 59
196,944 04
1,010,032 63
Overdrafts................................................................................................
2,702 74
55 26
2,758 00
U. S. bonds to secure circulation............................................................
150,000 00
150,000 00
U. S. bonds to secure U. S. deposits.......................................................
40,000 00
40,000 00
60,000 00
174,747 87
Report of
1 national
bank.
Total.
Other bonds to secure U. S. deposits
IT. S- bonds on band
Premiums paid
..............................
Banking house, furniture and fixtures....................................................
114,747 87
29,730 00
.................................
29,730 00
Due from other banks and bankers........................................................
30,450 23
5,751 42
36,201 65
Due from other banks in reserve cities....................................................
458,468 22
226,236 40
684,704 62
8,974 49
30,047 67
Other real estate . . .
Checks and other cash items...................................................................
15,302 76
Exchanges for clearing house..................................................................
21,073 18
15,302 76
Nickels and cents.....................................................................................
2,432 59
677 90
3,110 49
Specie........................................................................................................
65,295 85
38,032 00
103,327 85
U. S. and national bank notes.................................................................
114,665 00
68,168 00
182,833 00
7,500 00
7,500 00
Redemption fund with TJ. S. treasurer (5% of circulation'!. . . .
Due from II. S- treasurer other than
redemption fund
Totals................ ..............................................................................
$3,883,739 48
$1,789,353 70
$5,673,093 18
Liabilities.
Capital stock paid in................................................................................
$400,000 00
$150,000 00
$550,000 00
Surplus fund.............................................................................................
220,000 00
65,000 00
285,000 00
Undivided profits less expenses and taxes paid.....................................
76,865 82
41,084 98
118,550 80
National bank notes outstanding............................................................
Due to banks and bankers.......................................................................
156,878 34
Dividends unpaid.....................................................................................
139 00
Commercial deposits................................................................................
1,300,435 98
Savings deposits.......................................................................................
1,710,225 25
149,995 00
91,416 09
248,294 43
1,243,967 88
2,544,403 86
139 00
1,710,225 25
19,195 09
19,195 09
State moneys on deposit.
United States deposits.............................................................................
Bonds borrowed .
40,000 00
40,000 00
7,289 75
7,289 75
$1,789,353 70
$5,673,093 18
.....................................
Reserved for taxes...................................................................................
Notes and bills rediscounted . . . .
Bills payable...
149,995 00
.
.......................................
.
.
.................................
Liabilities other than those above stated..
Totals................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,883,739 48
REPORT OF THE COMMISSIONER.
lxxxv
LANSING.
S T A T E A N D N A T IO N A L B A N K S .
A b s tr a c ts o f the p u b lis h e d r e p o r ts o f th e one S ta te a n d tw o N a tio n a l b a n k s i n the c ity o f L a n
s in g , a s m a d e to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Resources.
Report of
1 state
bank.
Report of
2 national
banks.
Total.
Loans and discounts................................................................................
$644,909 27
$1,564,404 73
$2,209,314 00
Stocks, bonds and mortgages..................................................................
389,085 65
653,414 33
1,042,499 98
1,177 93
452 48
1,630 41
U. S. bonds to secure circulation.............................................................
200,000 00
200,000 00
U. S. bonds to secure U. S. deposits.......................................................
2,000 00
2,000 00
40.000 00
40,000 00
Overdrafts.................................................................
Other bonds to secure U. S. deposits......................................................
U. S. bonds on hand................................................................................
Premiums paid.........................................................................................
2,957 24
3,724 77
6,682 01
Banking house, furniture and fixtures....................................................
51,500 00
80.000 00
131,500 00
Other real estate......................................................................................
15,099 92
122,594 74
122,594 74
497,212 69
654,065 54
15,653 05
32,237 91
Due from other banks and bankers........................................................
Due from banks in reserve cities.............................................................
156,852 85
Checks and other cash items..................................................................
5,511 23
Exchanges for clearing house..................................................................
16,584 86
15,099 92
5,511 23
Nickels and cents....................................................................................
490 31
1,655 77
2,146 08
Specie..................................................... ..................................................
31,202 00
72,877 80
104,079 80
IT. S. and National bank notes................................................................
54,854 00
143,565 00
198,419 00
7,700 00
7,700 00
Redemption fund with IT. S. treasurer (5% of circulation)................. .
Due from U. S. treasurer, other than 5% redemption fund...
200 00
200 00
Totals................................................................................................
$1,370,225 26
$3,405,455 36
$4,775,680 62
Liabilities.
Capital stock paid in............................... ................................................
$150,000 00
$200,000 00
$350,000 00
Surplus fund.....................................................................................
45,000 00
130,000 00
175,000 00
Undivided profits less expenses and taxes paid......................................
16,972 54
85,189 24
102,161 78
National bank notes outstanding............................................................
197,663 00
197,663 00
Due to banks and bankers.......................................................................
111,003 39
111,003 39
2,679,599 73
3,204,520 67
Dividends unpaid.............................
Commercial deposits......... .............................................................
Savings deposits................................................................................
State moneys on deposit.............................................................
524,920 94
624,582 79
624,582 79
8,748 9 9
8,748 99
United States deposits.............................................................................
2,000 00
2,000 00
$3,405,455 36
$4,775,680 62
Bonds borrowed.......................................................................................
Reserved for taxes....................................................................................
Notes and bills rediscounted...................................................................
Bills payable.............................................................................................
Liabilities other than those above stated................................................
Totals.....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,370,225 26
lxxxvi
STATE BANKING DEPARTMENT.
MARQUETTE.
S T A T E A N D N A T IO N A L B A N K S .
A b s tr a c ts o f the -publish ed r e p o r ts o f the one S ta te a n d tw o N a tio n a l b a n k s i n the c i t y o f M a r
q u e tte , a s m a d e to the C o m m is s io n e r of the B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Resources.
Report of
1 state
bank.
Report of
2 national
banks.
Total.
Loans and discounts................................................................................
$648,999 07
$1,829,604 07
$2,478,603 14
Stocks, bonds and mortgages...................................................................
196,617 68
388,681 74
585,299 42
Overdrafts................................................................................................
7,499 66
511 78
8,011 44
U. S. bonds to secure circulation.............................................................
250,000 00
250,000 00
U. S. bonds to secure U. S. deposits.......................................................
26,000 00
26,000 00
U. S. bonds on hand................................................................................
37,500 00
37,500 00
Premiums paid.........................................................................................
1,500 00
1.500 00
79,000 00
136,692 60
Other bonds to secure U. S. deposits......................................................
Banking bouse, furniture and fixtures....................................................
57,692 60
Other real estate......................................................................................
1,489 30
4,000 00
5,489 30
Due from other banks and bankers........................................................
23,409 49
79,099 70
102,509 19
Due from banks in reserve cities.............................................................
138,513 88
451,830 90
590,344 78
Checks and other cash items..................................................
2,302 99
7,107 20
9,410 19
Exchanges for clearing house...................................................................
4,912 95
Nickels and cents................................................................. ...................
481 09
828 69
1,309 78
Specie........................................................................................................
18,201 10
156,456 00
174,657 10
U. S. and National bank notes........................ ......................................
47,587 00
4,912 95
34,322 00
81,909 00
Redemption fund with U. S. treasurer (5% of circulation)...................
12,500 00
12.500 00
Due from U. S. treasurer, other than 5% redemption fund...................
2C0 00
200 00
Totals................................................................................................
$1,147,706 81
$3,359,142 08
$4,506,848 89
Liabilities.
Capital Stock paid in...............................................................................
$100,000 00
$250,000 00
$350,000 00
25,000 00
75.000 00
100,000 00
3,429 14
79,682 19
83,111 33
243,400 00
243,400 00
43,080 40
106.133 61
Surplus fund...................................................................
Undivided profits less expenses and taxes paid.....................................
National bank notes outstanding............................................................
Due to banks and bankers.......................................................................
03,053 21
Dividends unpaid.....................................................................................
18.000 00
18,000 00
2,621,512 10
3,189,603 37
Commercial deposits.......................................................................
568,091 27
Savings deposits.......................................................................................
383,133 19
383.133 19
State moneys on deposit..........................................................................
5,000 00
i"
5 non nn
United States deposits.............................................................................
25,999 00
25,999 00
2,468 39
2,468 39
$3,359,142 08
$4,506,848 89
Bonds borrowed................................................................................
Reserved for taxes...................................................................................
Notes and bills rediscounted...................................................................
Bills payable.............................................................................................
Liabilities other than those above stated...............................................
Totals.......................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,147,706 81
REPORT OF THE COMMISSIONER.
lxxxvii
HOUGHTON.
N A T IO N A L B A N K S .
A b s tr a c ts o f the p u b lis h e d r e p o r ts o f the tw o N a tio n a l b a n k s i n the c ity o f H o u g h to n , a s m a d e
to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Report of
2 national
banks.
Resources.
.
:
1
Loans and discounts.............................................................................................................................................
*2,491,765 76
Stocks bonds and mortgages................................................................................................................................
276,300 00
Overdrafts ............................................................................................................................................................
13,875 30
U S bonds to secure circulation...........................................................................................................................
185.000 00
IT g bonds to secure XL S. deposits................................................
100.000 00
Other bonds to secure IT. S. deposits........
U S bonds on hand..............................................................................................................................................
•
Premiums paid.......................................................................................................................................................
1,120 00
Banking house, furniture and fixtures..................................................................................................................
59,700 00
Other real estate. .................................................................................................................................................
Due from other banks and bankers......................................................................................................................
174,540 73
Due from banks in reserve cities................................................ ..........................................................................
770,040 76
Checks and other cash items..................................................................................................................................
15,165 36
Exchanges for clearing house................................................................................................................................
Nickels and cents...................................................................................................................................................
1,540 19
Specie......................................................................................................................................................................
288,563 00
U. S. and National bank notes.............................................................................................................................
115,465 00
Redemption fund with U. S. treasurer (5% of circulation).................................................................................
9,250 00
Due from IT. S. treasurer, other than 5% redemption fund................................................................................
Totals ............................................................................................................................................................
14,502,326 10
Liabilities.
Capital stock paid in .............................................................................................................................................
*250,000 00
Surplus fund.................................................................................................................................. ........................
225,000 00
Undivided profits less expenses and taxes paid.............................
...................... .............................
211,488 33
National bank notes outstanding................................................................................................ .........................
183,200 00
Due to banks and bankers....................................................................................................................................
13,336 52
Dividends unpaid...................................................................................................................................................
78 00
Commercial deposits..............................................................................................................................................
3,594,223 25
Savings deposits.....................................................................................................................................................
State moneys on deposit......................
........................................................................................................
United States deposits............................................................................................................................................
25,000 00
Bonds borrowed.....................................................................................................................................................
Reserved for taxes
......................
Notes and hills rediscounted
...............
..................................................................................
...........................................................................
Bills payable...........................................................................................................................................................
Liabilities other than those above stated..............................................................................................................
Totals................................................................................................................................................... ...........
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,502,326 10
STATE BANKING DEPARTMENT.
lxxxviii
ADRIAN.
S T A T E A N D N A T IO N A L B A N K S .
A b s tr a c ts o f the 'p u b lish ed r e p o r ts o f the fo u r S ta te a n d on e N a tio n a l b a n k s in the c ity o f
A d r ia n , a s m a d e to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Resources.
Report of
4 state
banks.
Report of
1 national
bank.
Total.
Loans and discounts................................................................................
$1,135,994 G9
$159,855 96
$1,295,850 65
Stocks, bonds and mortgages...................................................................
2,017,240 74
11,418 08
2,028,658 82
Overdrafts................................................................................................
4,034 48
258 70
4,293 18
90,000 00
90,000 00
U. S. bonds to secure circulation.............................................................
TT S bnndp to secure I . R. deposits
Other bonds to secure U. S. deposits......................................................
•
U. S. bonds on hand................................................................................
Premiums paid.........................................................................................
37 66
1,242 87
1,280 53
Banking house, furniture and fixtures....................................................
100,000 00
21,282 41
121,282 41
Other real estate......................................................................................
4,426 85
Due from other banks and bankers........................................................
4,275 26
26,274 60
30,549 86
Due from banks in reserve cities.............................................................
484,274 94
12,508 14
496,783 08
Checks and other cash items...................................................................
2,020 79
1,867 25
3,888 04
Exchanges for clearing house...................................................................
5,474 69
Nickles and cents.........................., .........................................................
988 44
191 69
1,180 13
Specie........................................................................................................
50,768 45
2,002 50
52,770 95
U. S. and National bank notes................................................................
132,994 00
5,270 00
138,264 00
4,.500 00
4,500 00
Redemption fund with U. S. treasurer (5% of circulation)...................
4,426 85
5,474 69
Due from U. S. treasurer, other than 5% redemption fund..................
Totals................................................................................................
$3,942,530 99
$336,672 20
$4,279,203 19
Liabilities.
Capital stock paid in................................................................................
$405,000 00
$90,000 00
$495,000 00
Surplus fund.............................................................................................
97,000 00
3,260 00
100,260 00
LTndivided profits less expenses and taxes paid.....................................
59,196 73
965 75
60,162 48
89,400 00
89,400 00
866 55
29,735 18
30,601 73
116,191 27
National bank notes outstanding............................................................
Due to banks and bankers.......................................................................
Dividends unpaid.....................................................................................
Commercial deposits................................................................................
574,376 17
Savings deposits.......................................................................................
2,803,591 54
2,803,591 54
State moneys on deposit..........................................................................
2,500 00
2,500 00
090,567 44
United States deposits.............................................................................
Bonds borrowed.......................................................................................
Reserved for taxes....................................................................................
Notes and bills rediscounted...................................................................
Bills payable.............................................................................................
Liabilities other than those above stated...............................................
Totals.................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,942,530.99
7,120 00
7,120 00
$336,672 20
$4,279,203 19
REPORT OF THE COMMISSIONER.
lxxxix
MUSKEGON.
S T A T E A N D N A T IO N A L B A N K S .
A b s tr a c ts of the p u b lis h e d r e p o rts o f the on e S ta te a n d th ree N a tio n a l b a n k s i n the c ity o f
M u s k e g o n , a s m a d e to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Report of
1 state
bank
Resources.
Report of
3 national
banks.
Total.
.......................................................................
$322,741 98
$2,041,451 99
.$2,364,193 97
Stocks bonds and mortgages..................................................................
320,271 53
447,319 01
767,590 54
Overdrafts................................................................................................
487 24
11,624 11
12,111 35
234,000 00
234,000 00
1,000 00
1,000 00
Loans and discounts
TJ. S. bonds to secure circulation.............................................................
JT
bonds t-o secure TT. S deposits
Other bonds to secure TJ. S. deposits..
}»nnds on hand
TT
...............................................
.....................................
Premiums paid.........................................................................................
4,416 75
2,350 00
6,766 75
Ranking house furniture and fixtures....................................................
40,305 32
81,742 34
122,047 66
2,500 00
2,500 00
Due from other banks and bankers .......................................................
190 04
55,716 80
55,906 84
Due from banks in reserve cities.............................................................
62,386 11
256,824 67
319,210 78
Checks and other cash items...................................................................
530 50
39,740 53
40,271 03
Other real estate
.................................
, , , , ..........................
10,711 84
Nickels and cents.....................................................................................
286 36
1,871 05
2,157 41
.........................................................................................
12,468 20
111,591 60
124,059 80
and National bank notes...............................................................
31,889 00
157,456 00
189,345 00
11,700 00
11,700 00
Rxehanges for elea.ring house
Specie .
TT
fv
.
Redemption fund with TJ. S. treasurer (5^^ of circulation)...................
Due from TJ. S. treasurer, other than
*)^/o
10,711 84
redemption fund..................
Totals................................................................................................
$806,684 87
$3,456,888 10
$4,263,572 97
Liabilities.
Capital stock pa id in................................................................................
$50,000 00
$300,000 00
$350,000 00
Surplus fund.............................................................................................
1 0 ,0 0 0 00
125,000 00
135,000 00
Undivided profits less expenses and taxes paid.....................................
17,707 95
125,757 41
143,465 36
233,397 50
233,397 50
6,256 67
6,256 67
Natjonaj bank notes outstanding
T )r p
to banks and hankers
.......................................
Dividends unpaid.....................................................................................
4 00
54 00
58 00
Commercial deposits................................................................................
197,041 00
2,643,422 52
2,840,463 52
Savings deposits
531,931 92
................................................................................
State moneys on deposit
United States deposits
"Ronds borrowed
Reserved for ta.xes
531,931 92
...........................................................
1,000 00
1,000 00
2,000 00
2,000 00
..........................................................
.................................................................
Nof.es and bill<2 rediscounted
R jlls
payable
........................................................
labilities other than those above states.............
Totals............ ...................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$806,684 87
20,000 00
20,000 00
$3,456,888 10
$4,263,572 97
STATE BANKING DEPARTMENT.
xc
ALPENA.
S T A T E A N D N A T IO N A L B A N K S .
A b s tr a c ts o f the p u b lis h e d r e p o r ts o f the o n e S ta te a n d one N a tio n a l b a n k i n the c ity o f
A lp e n a , a s m a d e to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Report of
1 state
bank.
Report of
1 national
bank.
Loans and discounts................................................................................
$845,722 71
$649,583 96
$1,495,306 67
Stocks, bonds and mortgages...................................................................
637,620 01
143,466 78
781,086 79
Overdrafts.................................................................................................
1,513 19
Resources.
,
Total.
. \
U. S. bonds to secure circulation.............................................................
.
3,050 09
4,563 88
50,000 00
50,000 00
U. S. bonds to secure U. S. deposits.......................................................
Other bopds to secure U. S. deposits......................................................
XJ. S. bonds on hand................................................................................
Premiums paid.........................................................................................
Banking house, furniture and fixtures....................................................
37.707 24
7,000 00
44,707 24
Other real estate......................................................................................
10,964 32
12,611 83
23,576 15
Due from other banks and bankers........................................................
24,958 68
590 73
25,549 41
Due from banks in reserve cities.............................................................
146,325 12
77,710 69
224,035 81
Checks and other cash items...................................................................
6 30
3,222 37
3,228 67
Exchanges for clearing house..................................................................
1,056 21
Nickels and cents.....................................................................................
1,001 56
271 57
1,273 13
Specie........................................................................................................
37.707 00
39,085 00
77,392 00
U. S. and National bank notes...............................................................
55,333 00
17,440 00
72,773 00
2,500 00
2,500 00
Redemption fund with U. S. treasurer (5% of circulation)...................
1,056 21
Due from U. S. treasurer, other than 5% redemption fund..................
Totals................................................................................................
$1,799,915 34
$1,007,133 62
$2,807,048 96
Liabilities.
Capital stock paid in................................................................................
$100,000 00
$50,000 00
$150,000 00
Surplus fund.............................................................................................
125,000 00
50.000 00
175,000 00
Undivided profits less expenses and taxes paid.....................................
3,873 02
22,285 18
26,158 20
50.000 00
50,000 00
National bank notes outstanding............................................................
Due to banks and bankers.......................................................................
35,600 27
Dividends unpaid.....................................................................................
10 00
Commercial deposits................................................................................
202,744 03
Savings deposits.......................................................................................
1,235,188 02
1,235,188 02
22,500 00
22,500 00
75,000 00
75,000 00
35,600 27
10 00
834,848 44
1,037,592 47
State moneys on deposit........................................................................
United States deposits.............................................................................
Bonds borrowed.......................................................................................
Reserved for taxes, interest, etc......... ...................................................
Notes and bills rediscounted...................................................................
Bills payable....................................................................................
Liabilities other than those above stated................................................
Totals...............................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,799,915 34
$1,007,133 62
$2,807,048 96
xci
REPORT OF THE COMMISSIONER.
BENTON HARBOR.
STATE BA NK S.
A b s tr a c t o f the p u b lis h e d r e p o r ts o f the th ree S ta te b a n k s i n the c ity o f B e n to n H a rb o r , a s
m a d e to the C o m m is s io n e r o f the B a n k in g D e p a r tm e n t, N o v e m b e r 1 6 , 1 9 0 9 .
Report of
3 state
banks.
Resources.
$1,093,512 82
T
Stocks bonds ppd mnrtgfigPR
............. , , , t ........................................................................
295,769
07
3 ,0 3 7
25
3,200 00
1,115 80
Banking house furTMt-HTp find fivtiirps
.................................................................................................
20,120 30
18,000 00
8,466 16
Buc from
in t’pspt'vp pities
Checks Pnd nf.hpr pnph itpTRR
. .. .........................................................................................
............................................................................................................
622,875 84
1,424 17
9,666 59
2,393 59
51,081 20
XT S and Nation! Kink notes
................................................................................................................
89,300 00
Xrom TJ S» treasurer other than 5*% redemption fund................................................................................
$2,219,969 39
Liabilities.
Capital stock paid in ..............................................................................................................................................
Surplus fnnd
................................................................................................................
fYimmprpiftl deposits
Savings dpp^sits
Bill 8
bl
Totals,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
86,500 00
...........................................................................
37,405 50
............. ...............................................................................
147,521 08
................................................................. ......................................................
784,187 30
..................., , , , , .......................................... . ...................................
914,295 51
Undivided prnfHs lp<?S PNppnppp nnd tiTPs piiid.........
Brp f.n hankc find hnnleprs
$250,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPO RTS
OF THE
STATE BANKS AND TRUST COMPANIES
AS MADE TO TH E COM M ISSIONER OF T H E STATE BANKING
D EPA R TM EN T
NOVEMBER 27,1908, FEBRUARY 5, APRIL 28, JUNE 23 AND SEPTEMBER 1,1909.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKS OF MICHIGAN.
3
No. 325.
THE ADDISON STATE SAVINGS BANK, ADDISON.
Organized October 11, 1905.
O.
B.
B o w e n , P r e s id e n t ; F r e d B . K l i n e , V ic e P r e s id e n t ;
F . B . C l e v e l a n d , C a s h ie r .
D i r e c t o r s .— O. B. Bowen, F. B. Kline, Henry F. Davis, D. A. Curtis, L. S. Town.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
«43,500 72
$40,402 88
$39,070 49
$38,122 91
$38,222 86
Bonds, mortgages and securities. .
43,507 10
43,103 60
39,083 60
39,153 60
45,862 07
Prem ium s paid on b o n d s...............
26 40
O verdrafts........................................
454 12
348 28
1,289 39
447 02
161 20
Banking house....................................
5,274 12
5,274 12
5,274 12
5,274 12
5,274 12
F u rn itu re and fixtures.....................
2,732 44
2,732 44
2,732 44
2,732 44
2,732 44
7,470 40
13,443 95
8,298 96
19,352 88
18,216 91
U. S. and N ational bank cu rren cy .
2,761 00
2,774 00
4,564 00
3,343 00
2,227 00
Gold c o in .............................................
530 00
705 00
1,380 00
225 00
415 00
Silver coin.................................
812 40
646 20
612 95
896 05
1,349 05
Other real estate...............................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing h o u se.........
Nickels and c en ts..............................
118 24
120 69 ,
81 97
47 10
87 11
Checks and cash ite m s...................
73 00
100 00
393 01
270 42
228 46
T o tals............................................
$107,200 00
$109,711 16
$102,786 93
$109,864 54
$114,776 22
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
. $20,000 00
$20,000 00
$20,000 00
Surplus F u n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
500 00
750 00
750 00
750 00
750 00
2,159 26
532 98
949 35
901 89
1,553 07
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
16,271 50
27,823 31
14,154 45
24,481 17
20,583 13
Savings d ep o sits................................
34,562 16
29,139 65
27,714 85
28,781 51
28,280 69
Savings certificates of d eposit........
33,767 08
31,465 22
34,218 28
34,949 97
43,609 33
$107,260 00
$109,711 16
$102,786 93
$109,864 54
$114,776 22
Commercial certificates of dep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstan ding..........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o ta ls...
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5,000 00
STA TE BANKING D EPA RTM EN T.
4
No. 162.
THE ADRIAN STATE SAVINGS BANK, ADRIAN.
Organized May 29, 1893.
R. A. W a t t s , P r e s id e n t ; G e o r g e A. W il c o x , V ic e P r e s id e n t ; B. E. T o b i a s ,
R. H. W a t t s , A s s i s t a n t C a s h i e r ; C h a r l e s S. W h i t n e y , A u d ito r .
C a sh ie r;
D ir e c t o r s .— R. A. W atts, Geo. A. Wilcox, W. E. Jew ett, R. A. Kaiser, C. G. Wesley, W. O. H unt,
B. E. Tobias, A. D. Ellis, C. S. W hitney, R. H. W atts.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, ’09.
Resources.
Loans and discounts.........................
Bonds, m ortgages and se c u ritie s...
$351,549 01
728,079 63
$420,305 41
746,548 24
$454,367 04
$428,736 91
$316,682 20
757,076 56
844,455 71
827,788 62
pa,j(i on bonds
32 62
362 31
42 64
109 83
178 96
Banking house....................................
30.000 00
30.000 00
30.000 00
30.000 00
30.000 00
Safety deposit v a u lt.........................
10.000 00
10.000 00
10.000 00
10.000 00
10.000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
3,803 83
4,813 09
1,445 87
3,271 59
13,297 94
80,140 79
O verdrafts............................................
F urniture and fixtures.....................
O ther real estate
Due from other banks and bankers
fnnt, reserve cities)
Item s in tra n sit.................................
TTnitod
S ta .f .P f i
bonds .
Due from banks in reserve c itie s ..
127,416 75
111,260 74
136,298 56
113,940 02
Exchanges for clearing h o u se. . . .
1,810 21
5,989 35
1,381 08
3,985 99
2,999 69
U. S. and N ational bank cu rre n cy .
37,324 00
35,548 00
39,797 00
24,855 00
28,421 00
Gold co in .............................................
25,495 00
32,220 00
28,885 00
28,535 00
26,790 00
Silver co in ...........................................
2,995 60
8,146 75
4,547 75
4,214 25
3,903 60
Nickels and c e n ts..............................
131 41
436 59
367 65
207 16
129 76
Checks and cash ite m s ....................
467 80
233 92
35 44
7 36
189 30
T o tals............................................ $1,324,105 86 $1,410,862 40 $1,469,244 59 $1,497,318 82
$1,345,521 86
Liabilities.
Capital stock paid in .......................
$120,000 00
$60,000 00
$120,000 00
$120,000 00
$120,000 00
75,000 00
15,000 00
15,000 00
15,000 00
30,000 00
30,838 51
25,930 72
36,279 38
23,338 30
20,219 31
214,323 06
312,615 71
299,949 06
331,390 51
193,534 75
Savings d ep o sits................................
911,068 43
900,966 13
937,405 27
950,711 37
927,181 90
Savings certificates of d ep o sit. . . .
32,875 86
36,349 84
60,610 88
56,878 64
54,585 90
T otals............................................ $1,324,105 86 $1,410,862 40 $1,469,244 59 $1,497,318 82
$1,345,521 86
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends unpaid
Commercial deposits subject to
ch eck ................... .............................
Commercial certificates of d ep o sit.
Due to banks and bankers
. . . .
Certified checks. . .
Cashier’s checks outstanding
Notes and bills rediscounted. . . .
Bills p a y a b le .......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
5
No. 89.
THE COMMERCIAL SAVINGS BANK, ADRIAN.
Organized May 10, 1888.
A l a n s o n B e n n e t t , P r e s id e n t ; C h a r i .e s G. H a r t , V ic e P r e s id e n t ;
E r n e s t N. S m i t h , C a s h ie r .
D ir e c t o r s .— Alanson B ennett, A. H. Wood, A. M. Stephenson, E. C. Sword, E. L. Baker, Chas. G.
H art, John E. Bird, N. B. Hayes, A. E. Palm er.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, 09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$281,410 55
$292,902 73
$316,360 05
$286,931 80
$301,776 50
Bonds, m ortgages and securities. .
231,864 04
226,319 04
243,730 99
270,955 28
266,332 05
Prem ium s paid on b o n d s...............
O verdrafts............................................
22 59
3,692 49
277 68
130 10
2,869 30
Banking house....................................
12,000 00
12,000 00
12,000 00
12,000 00
12,000 00
15,871 06
632 50
416 50
F urn itu re and fixtures.....................
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
4,538 81
6,928 66
U nited S tates bonds.........................
Due from banks in reserve cities..
47,546 35
54,015 10
96,083 70
Exchanges for clearing h o u se.........
594 05
1,067 30
90 39
U. S. and N ational bank cu rre n cy .
32,885 00
26,254 00
Gold co in .............................................
8,785 00
Silver coin............................................
105,611 75
44,355 58
27,032 00
19,449 00
24,561 00
5,205 00
6,260 00
11,095 00
5,505 00
1,747 15
921 25
1,464 20
991 65
1,023 00
Nickels and c e n ts..............................
103 90
144 54
160 49
216 55
391 01
Checks and cash ite m s ...................
1,766 66
368 57
1,745 48
361 55
T o tals............................................
$034,596 35
$G23,522 52
$705,621 48
$713,781 49
$667,101 16
•Liabilities.
Capital stock paid in .......................
$110,000 00
$110,000 00
$110,000 00
$110,000 00
$110,000 00
22,000 00
22,000 00
22,000 00
22,000 00
22,000 00
8,178 20
4,758 96
6,532 84
3,065 52
8,683 00
Dividends u n p a id ..............................
Commercial 'deposits subject to
ch eck .................................................
154,760 05
141,050 72
203,525 39
222,294 36
161,282 02
Commercial certificates of d ep o sit.
1,541 38
2,244 15
13,102 18
12,841 95
11,217 14
Due from U. S. T reasu rer...............
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes paid. .
1,359 06
1,500 00
Due to banks and b an k ers...............
Certified checks..................................
113 07
Cashier’s checks outstanding..........
35 00
Savings d ep o sits................................
338,081 72
471 00
333,468 69
340,348 00
338,579 63
348,448 00
10,000 00
10,000 00
5,000 00
5,000 00
$623,522 52
$705,621 48
$713,781 49
$667,101 16
Savings certificates of deposit........
S tate deposits.....................................
Notes and bills rediscounted...........
Bills p a y ab le. . .
T o tals..........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$634,596 35
STATE BANKING DEPARTMENT.
6
No. 66.
LENAWEE COUNTY SAVINGS BANK, ADRIAN.
Organized December 16, 1869.
Corporate existence extended February 1, 1902.
H. V. C. H a r t ,
A. B. P a r k , V ic e P r e s id e n t ; C. D. H a r d y , C a s h ie r ;
F. E. A s h , 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 erm an V. C. H art, W arren J. P arker, H. L. Larwill, D. B. Morgan, A. B. Park, C. D . H ardy.
P r e s id e n t ;
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.............. ..........
$247,259 84
$275,129 82
$245,955 10
$231,937 91
$203,935 42
Bonds, m ortgages and securities...
423,155 04
418,565 29
455,120 33
453,001 01
496,378 02
Prem ium s paid on b o nds.................
40 28
30 22
120 00
120 00
40 16
30 22
30 22
120 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
O verdrafts............................................
S uspense...............................................
Banking house....................................
F urn itu re and fixtures.....................
Other real estate.
.......................
Due from other banks and bankers
(not reserve cities).......................
Tf,em s i n t ran s i t . . .
-
12 00
45 00
25 00
United S tates b o n d s...
86,633 06
Due from banks in reserve cities..
101,490 43
81,360 24
94,089 81
96,383 78
Exchanges for clearing h o u s e .. ..
679 27
245 12
30 65
103 22
79 46
(J. S. and N ational bank currency.
28,072 00
25,605 00
31,380 00
33,935 00
28,942 00
Gold co in .............................................
4,460 00
3,500 00
4,425 00
4,220 00
3,980 00
Silver c o in ...........................................
2,635 10
2,245 85
1,756 75
1,104 50
1,480 90
Nickels and c e n ts..............................
42 60
122 97
186 89
29 73
75 51
Checks and cash ite m s....................
996 29
529 15
503 87
445 11
215 45
T o tals............................................
$833,876 45
$832,333 66
$858,610 62
$846,310 48
$846,910 98
Liabilities.
Capital stock paid in .......................
$100,000 00
$100,000 00
$100,000 00
$1 0 0 ,0 0 0 oo-
$100,000 00
30,000 00
30,000 00
30,000 00
30,000 00
30,000 00
10,937 18
9,085 85
10,017 05
11,081 48
8,469 43
117 08
331 62
130 35
437 45
159 45
1,719 35
293 39
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................... ............
Cashier’s checks o u tstan d in g ..........
42 65
1,809 73
1,069 31
Savings dep o sits................................
2,930 69
4,591 47
School savings deposits...................
691,012 46
691,846 88
710,898 41
703,072 20
707,988 71
$833,876 45
$832,333 68
$858,610 62
$846,310 48
$846,910 98
Savings certificates of deposit. . . .
Notes and bills d iscounted.............
Bills p a y a b le .............................. '. . . .
T o tals................ : .........................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OP MICHIGAN.
7
No. 171.
WALDBY AND CLAY’S STATE BANK, ADRIAN.
Organized June 24, 1894.
F. W. C l a y ,
P r e s id e n t ;
R. S. M o r e l a n d , V ic e P r e s id e n t ; H. B. W a l d b y ,
J. C. M u r p h y , A s s i s t a n t C a s h ie r .
C a sh ie r;
D i r e c t o r s .— H. B. W aldby, F. W. Clay, R ial Clay, J. V. DeFoe, R . S. Moreland, A. W. Wood,
J. W. K irk, F. A. Stevenson, J. C. Murphy.
Resources.
R eport of
R eport of
R eport of
R eport of
R ep o rt of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$302,769 98
$288,379 87
$339,901 00
$320,595 62
$294,886 71
Bonds, m ortgages and se cu rities..
334,708 00
321,108 00
353,858 00
378,628 00
388,378 00
Prem ium s paid on b o n d s...............
O verdrafts............................................
130 41
39 47
3 66
3 01
28 91
Banking house....................................
18,000 00
18,000 00
18,000 00
18,000 00
18,000 00
F u rn itu re and fixtures.....................
O ther real e s ta te ................................
Due from other banks and bankers
(not reserve cities).......................
800 00
3,724 61
1,419 06
745 12
105 54
150 46
104,150 48
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities. .
92,816 70
96,818 58
112,698 41
120,285 83
Exchanges for clearing h o u se .........
1,285 28
593 85
165 12
246 51
328 36
U. S. and N ational bank currency.
32,624 00
36,696 00
41,097 00
40,125 00
39,016 00
Gold c o in .............................................
1,157 50
1,225 00
1,217 50
1,837 50
1,772 50
Silver coin.....................................
3,041 50
2,392 10
2,904 35
2,495 85
2,641 80
252 00
Nickels and c e n ts..............................
232 60
173 06
217 55
140 34
Checks and cash ite m s ....................
266 18
252 61
250 62
460 08
T o tals............................................
$790,756 76
$767,097 60
$871,058 33
$882,923 88
$850,405 22
$75,000 00
$75,000 00
$75,000 00
$75,000 00
$75,000 00
13,590 00
14,000 00
14,000 00
14,000 00
14,000 00
10,069 85
3,605 46
10,079 78
5,009 21
9,377 50
Dividends u n p a id ..............................
Commercial deposits subject to
check ...............................................
141,435 06
79,691 58
107,569 76
108,407 27
79,901 89
Commercial certificates of d ep o sit.
4,934 19
5,971 60
17,777 95
15,152 82
14,231 43
Due to banks and b an k ers...............
420 14
1,776 65
1,285 65
2,015 93
Liabilities.
Capital stock paid in .....................
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes paid. .
Certified checks..................................
Cashier’s checks outstanding..........
Savings d eposits................................
545,397 52
588,828 96
644,854 19
664,068 93
655,878 47
$790,756 76
$767,097 60
$871,058 33
8889 098 88
«8*n ¿n s 99
Savings certificates of deposit........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T otals......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
8
No. 179.
ALBION STATE BANK, ALBION.
Organized March 29, 1895.
E u g e n e P. R o b e r t s o n , P r e s id e n t ; W . S. K e s s l e r , V ic e P r e s id e n t ;
S. H y n e y , C a s h ie r .
D i r e c t o r s .— Eugene P. Robertson. W . S. Kessler, S. Y. Hill, D . A. Garfield, Wm. H. Rodenbach,
O. A. Leonard, G. W. Schneider, Geo. T. Bullen, D. M. McAuliffe.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$150,355 21
$131,558 08
$134,665 64
$141,934 56
$149,537 61
Bonds, mortgages and securities...
116,069 78
117,937 99
126,872 24
135,932 99
131,882 99
2,004 81
1,442 47
2,372 85
1,662 93
2,844 05
1,846 44
1,846 44
1,846 44
6,462 42
2,301 61
2,209 36
6,355 11
2,124 91
27,210 24
Prem ium s paid on b o n d s.................
O verdrafts............................................
Banking house....................................
F u rn itu re and fixtures.....................
1,846 44
1,846 44
Other real e state...............................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve c itie s ..
27,388 64
43,870 58
55,592 73
37,455 22
Exchanges for clearing h ouse. . . .
4,524 41
767 98
727 94
1,454 80
101 26
U. S. and N ational b ank cu rren cy .
9,420 00
8,118 00
8,523 00
13,775 00
11,483 00
Gold c o in .............................................
2,757 50
3,467 50
4,502 50
4,350 00
6,937 50
Silver c o in ...........................................
1,714 85
1,910 05
1,970 30
2,406 90
2,247 95
Nickels and c e n ts..............................
75 04
67 67
136 92
88 60
98 56
Checks and cash ite m s .................
51 89
432 29
180 00
453 75
92 50
T o tals............................................
$328,670 99
$313,720 66
$339,599 92
$347,716 30
$336,405 01
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
8,745 01
2,403 44
4,291 97
3,884 17
3,202 95
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
68,387 95
62,569 75
88,973 80
80,960 52
68,845 64
Commercial certificates of d ep o sit.
18,929 75
16,962 24
14,808 52
18,190 14
17,743 5S
167,608 28
171,785 23
171,525 63
184,681 47
186,557 84
$313,720 66
$339,599 92
$347,716 30
$336,405 01
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
45 00
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
Savings certificates of d ep o sit. . . .
N otes and bills disco u n ted.............
Bills p a v a b le .......................................
5,000 00
T o tals............................................
$328,670 99
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OP MICHIGAN.
9
No. 167.
THE COMMERCIAL AND SAVINGS BANK, OF ALBION.
Organized September 30, 1893.
J o h n G. B r o w n , P r e s id e n t ; F. E. P a l m e r , V ic e P r e s id e n t ; C. G. B ig e l o w , C a s h ie r ;
C. S. L o u 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 .— John G. Brown, L. J. W olcott, Samuel Dickie, F. E. Palm er, W ashington G ardner,
C. G. Bigelow, E. R. Loud, H. C. Blair, B. D. Brown.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09- June 23, ’09. Sept. 1, ’09.
Loans an d discounts.........................
$138,274 23
$142,103 15
$152,420 22
$160,025 95
$164,859 15
Bonds, m ortgages and se cu rities...
100,581 30
94,011 30
97,726 30
90,207 30
91,703 30
Prem ium s paid on b o n d s.................
1,127 50
1,000 00
1,000 00
1,000 00
975 00
O verdrafts............................................
5,981 51
4,141 95
3,530 62
747 03
1,305 44
B anking house....................................
5,400 00
5,400 00
5,400 00
5,400 00
5,400 00
F u rn itu re an d fixtures.....................
2,150 00
2,150 00
2,150 00
2,150 00
2,150 00
Other real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
894 00
894 00
894 00
894 00
894 00
5,368 31
3,204 43
14,780 83
23,022 48
Item s in tra n sit.................................
6,114 21
U nited S tates bonds.........................
Due from banks in reserve c itie s ..
23,050 58
36,877 69
27,304 32
33,708 24
Exchanges for clearing house. . . .
1,820 28
2,982 46
2,081 78
1,344 83
1,270 36
U. S. and N ational bank cu rren cy .
8,100 00
6,465 00
5,774 00
6,274 00
7,993 00
Gold co in .............................................
5,425 00
5,140 00
6,277 50
4,795 00
4,085 00
Silver c o in ...........................................
1,257 20
2,813 25
1,488 40
2,419 95
2,435 70
Nickels and c e n ts..............................
113 33
142 75
122 15
292 56
202 00
Checks and cash ite m s ....................
115 60
230 25
176 51
137 63
332 55
T o tals............................................
$300,404 74
$304,351 80
$311,714 11
$312,600 92
$321,468 81
Liabilities.
Capital stock paid in .......................
$35,000 00
$35,000 00
$35,000 00
$35,000 00
$35,000 00
10,000 00
10,000 00
10,000 00
10,000 00
11,000 00
2,704 38
982 78
3,029 39
3,058 70
2,090 03
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
60,061 18
72,893 70
70,204 27
72,305 28
71,716 41
Commercial certificates of d ep o sit.
22,090 87
15,622 15
20,446 71
17,803 37
17,261 34
170,548 31
169,853 17
173,033 74
174,433 57
184,401 03
$300,404 74
$304,351 80
$311,714 11
$312,600 92
$321,468 81
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
Savings pertifirates of deposit. . . .
Notes and bills disco u nted .............
Bills p a y a b le .......................................
T o tals............................................
2
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10
STATE BANKING D EPA RTM EN T.
No. 314.
ALLEGAN STATE SAVINGS BANK, ALLEGAN.
Organized May 24, 1905.
J. W. C h a d d o c k ,
P r e s id e n t ;
H. A . D e L a n o ,
V ic e P r e s id e n t ;
W. H. C h a d d o c k ,
C a s h ie r .
D i r e c t o r s .— J. W. Chaddock, H. A. DeLano. W. H. Chaddock, V. E. DeLano, F. A. Chaddock.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$114,782 33
$124,993 28
$134,370 53
$139,335 97
$127,006 29
Bonds, m ortgages and securities. .
62,690 35
64,015 35
65,344 35
65,994 35
65,515 35
Prem ium s paid on b o n d s...............
O verdrafts............................................
828 82
3,058 27
2,784 75
1,283 58
841 24
Banking house....................................
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
F urn itu re and fixtures.....................
1,900 00
2,042 50
2,042 50
2,042 50
2,042 50
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
1,741 99
1,741 99
1,741 99
1,741 99
2,316 96
18,443 78
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities. .
21,971 55
12,403 82
28,417 96
15,253 72
Exchanges for clearing h o u se .........
88 56
25 00
100 89
127 23
321 83
U. S. and N ational bank currency.
4,956 00
5,449 00
9,713 00
8,228 00
9,129 00
Gold c o in ..................................
4,345 00
4,015 00
4,025 00
4,065 00
4,080 00
Silver coin.....................................
2,596 05
1,844 95
1,639 40
2,302 85
2,487 70
207 17
Nickels and c e n ts..............................
240 45
147 55
190 25
200 50
Checks and cash ite m s ...................
465 18
292 24
296 14
471 46
181 60
$226,606 28
$230,628 95
$260,666 76
$251,047 15
$242,573 42
$30,000 00
$30,000 00
$30,000 00
$30,000 00
$30,000 00
1,300 00
1,300 00
1,300 00
1,300 00
1,600 00
1,430 28
1,134 21
2,533 33
2,658 62
1,358 20
T otals......................................
Liabilities.
Capital stock paid in .....................
Surplus fu n d.................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck ......................................
27,222 65
39,004 68
35,720 98
28,611 87
27,366 31
Commercial certificates of d ep o sit.
20,150 00
20,150 00
20,080 00
20,080 00
20,080 00
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstanding..........
Savings dep o sits......................
Savings certificates of deposit........
26,191 48
25,423 42
33,541 51
34,212 05
34,607 52
120,311 87
113,616 64
132,490 94
131,684 61
125,001 39
5,000 00
2,500 00
2,500 00
$269,666 76
$251,047 15
$242,573 42
S tate monies on d eposit...................
Notes and bills rediscounted...........
Bills p a y ab le.......................................
T o tals..........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$226,606 28
$230,628 95
STA TE BANKS OF MICHIGAN.
11
No. 323.
THE FIRST STATE BANK OF ALLEGAN, ALLEGAN.
Organized May 15, 1905.
F. H. W il l i a m s , P r e s id e n t ; M. V. B. M c A l p i n e , B. B. S u t p h i n , V ic e P r e s id e n t s ;
H. D. P r i t c h a r d , C a s h ie r ; H e r m a n V a u p 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 .— Charles R. Wilkes, M. C. Sherwood, W. J. Oliver, M. V. B. McAlpine, B. B. Sutphin,
F. H. W illiams, B. P. Wilkes, H. D. Pritchard.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
«85,775 69
$188,404 51
$190,572 32
$196,937 71
$178,285 71
Bonds, m ortgages and securities...
130,859 24
137,803 £9
164,460 27
171,912 77
170,424 97
O verdrafts............................................
1,120 64
823 62
258 78
479 74
510 29
Banking house....................................
6,091 24
6,091 24
6,091 24
6,091 24
6,091 24
F u rn itu re and fixtures.....................
3,998 07
3,998 07
3,998 07
3,998 07
3,998 07
Loans find discounts.........................
Other real estate................................
Due from other banks and bankers
(not- reserve cities).......................
Item s in tra n sit.................................
30 00
324 96
1,918 75
United S tates bonds.........................
59,392 0 4
20,028 69
22,087 14
12,778 00
13,684 00
11,417 00
13,220 00
13,630 00
12,712 50
11,632 50
11,705 00
4,640 00
5,151 00
5,313 60
5,027 30
4,380 40
229 19
384 90
390 94
423 05
594 24
Checks and cash ite m s ....................
3,105 45
700 42
540 83
1,321 58
1,005 92
T o tals............................................
$376,032 65
$390,579 96
$424,081 24
$431,328 10
$451,526 63
Liabilities.
C apital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
1,750 00
2,050 00
2,050 00
2,050 00
2,500 00
2,918 22
1,292 53
4,508 14
2,760 41
1,360 91
19,605 17
20,814 81
U. S. and N ational bank cu rren cy .
9,808 00
Gold c o in .............................................
10,475 00
Silver c o in ...........................................
Nickels an d c e n ts..............................
Due from banks in reserve cities..
Exchanges for clearing house. . . .
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
107 50
60 00
30 00
30 00
15 00
43,001 93
55,221 79
37,422 58
40,059 45
71,986 96
Commercial certificates of d ep o sit.
34,462 90
15,095 72
6,291 62
5,258 22
4,778 00
Savings d ep o sits................................
109,319 89
112,808 38
140,275 62
150,345 26
139,751 70
Savings certificates of dep o sit. . . .
134,472 21
154,051 54
178,503 28
178,324 76
178,654 06
5,000 00
2,500 00
2,500 00
$424,081 24
$431,328 10
$451,526 63
Due to banks and bankers . .
Certified checks
Cashier’s checks outstanding
S tate monies on d ep o sit...................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$376,032 05
$390,579 96
STA TE BANKING D EPA RTM EN T.
12
No. 232.
ALMA STATE SAYINGS BANK, ALMA.
Organized May 1, 1901.
W il l ia m A. B a h l k e , P r e s id e n t ; J a m e s W . R o b i n s o n , V ic e P r e s id e n t ; G e o r g e W . M o o r e , C a s h ie r .
D ir e c t o r s .— William A. Bahlke, Daniel L. Sharrar, George C. Parsons, George W. Moore, Jas. W.
Robinson, E dgar A. Bagley, Jam es E. Mitchell.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$98,342 32
$95,304 56
$93,173 29
$101,101 68
$98,808 45
Bonds, m ortgages and securities. .
77,009 85
78,819 13
80,076 63
87,050 78
88,780 65
183 76
1,019 42
1,118 45
463 35
2,117 23
1,675 00
1,675 00
1,675 00
1,700 00
1,700 00
1,262 50
20 00
2,267 70
1,611 98
50,968 13
23,771 78
33,880 53
11,027 41
11,285 50
U. S. and N ational b ank currency.
10,859 00
11,709 00
8,936 00
9,326 00
9,319 00
Gold c o in .............................................
752 50
1,002 50
1,537 50
1,527 50
2,027 50
Silver coin............................................
624 65
805 20
825 85
1,269 80
1,043 75
Nickels and c e n ts..............................
31 89
50 31
33 96
41 79
48 40
Checks and cash ite m s ....................
212 94
1,311 97
115 22
245 95
644 92
T o ta ls............................................
$241,922 54
$215,488 87
$223,640 13
$215,366 25
$215,775 40
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
18,500 00
19,000 00
19,000 00
19,000 00
19,500 00
1,452 38
961 29
1,476 63
1,854 27
357 81
67,660 32
54,396 24
57,095 47
49,203 32
38,545 74
Savings d ep o sits................................
21,296 06
21,552 71
22,791 02
23,712 60
27,435 76
Savings certificates of d ep o sit........
97,863 78
94,578 63
98,277 01
96,598 06
86,930 09
Notes and bills rediscounted...........
5,150 00
$215,488 87
$223,640 13
$215,366 25
$215,775 40
Prem ium s paid on b o n d s...............
O verdrafts............ ‘...............................
B anking house....................................
F u rn itu re and fixtures.....................
O ther real estate................................
Due from other banks and bankers
(not reserve c ities).......................
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing h o u se .........
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s check soutstanding..........
Bills p a v ab le.......................................
5,000 00
T o tals............................................
$241,922 54
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
18,000 00
13
STA TE BANKS OF MICHIGAN.
No. 233.
FIRST STATE BANK OF ALMA, ALMA.
Organized June 15, 1901.
A m m i W . W r i g h t , P r e s id e n t ; W i l l ia m S. T u r c k , V ic e P r e s id e n t ; E l y B r e w b a k e r , C a s h ie r .
D i r e c t o r s .— Ammi W. W right, William S. T urck, Gerrit S. W ard, Lester A . Sharp, Francis King,
E ly Brewbaker.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Resources.
T,na,ns and discounts.........................
$166,737 07
$154,552 04
$171,588 25
$166,028 98
$164,727 11
Bonds, m ortgages and se c u ritie s...
121,021 80
115,618 16
127,610 30
134,470 80
134,058 54
192 50
192 50
Prem ium s pa,id on b o n d s.................
O verdrafts.............................................
2,494 98
2,596 09
198 24
2,853 22
142 46
Ranking house....................................
7,500 00
7,500 00
7,500 00
7,500 00
7,500 00
F urn itu re and fixtures.....................
500 00
500 00
500 00
500 00
500 00
4,060 81
1,630 65
5,772 39
3,532 03
66 50
60,544 87
75,229 13
63,705 05
33,267 03
46,112 86
O ther real est,a,t,e
Due from other banks and bankers
(not reserve cities)
Tt.ems in tra n s it..................................
United S tates b o n d s.. . .
Due from banks in reserve c itie s ..
121 13
Exchanges for clearing house. . . .
U. S. and N ational b ank currency.
10,305 00
6,338 00
8,997 00
5,371 00
9,754 00
Oold c o in .............................................
9,657 50
10,097 50
10,077 50
9,027 50
9,187 50
Silver c o in ...........................................
1,184 65
1,456 45
1,474 55
1,067 25
1,199 70
Nickels and c e n ts..............................
120 56
229 22
305 99
312 45
141 55
Checks and cash ite m s ...................
2,826 87
716 97
2,879 40
1,271 36
893 25
T o ta ls............................................
$386,954 11
$376,464 21
$400,801 17
$366,115 25
$374,283 47
Liabilities.
Capital stock paid in .......................
$30,000 00
$30,000 00
$30,000 00
$30,000 00
$30,000 00
25,000 00
28,000 00
28,000 00
28,000 00
30,000 00
6,602 17
1,785 79
3,217 93
4,169 11
1,163 96
Commercial deposits subject to
ch eck .................................................
74,686 02
71,008 66
86,547 27
75,558 49
t 74,510 64
Commercial certificates of d ep o sit.
41,250 95
37,826 22
49,419 77
38,526 85
51,984 74
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
D iv id en d s
u n p aid
Due to banks and bankers
Certified checks
...........
............................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits.................................
22,877 69
24,374 04
24,797 61
23,068 60
23,510 38
Savings certificates of deposit. . . .
186,537 28
183,469 50
178,818 59
166,792 20
163,113 75
$386,954 11
$376,464 21
$400,801 17
$366,115 25
$374,283 47
Not os and bills rediscounted . .
Rills payable .
.......................
T o ta ls............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKING D EPA R TM EN T.
14
No. 169.
THE ALPENA COUNTY SAYINGS BANK, ALPENA.
Organized April 12, 1894.
P. C u l l i g a n ,
P r e s id e n t ; F r a n k C. H o l m e s , V ic e P r e s id e n t ;
W. A, P r i n c e ,
C a s h ie r .
D ir e c t o r s .— P. Culligan, F. W. Gilchrist, F rank C. Holmes, Michael O’Brien, S. A. Davison, D. D.
Hanover, R obert Montrose, Wm. H. Davison, W. A. Prince, H erm an Besser, Fred L. R ichard
son, P. H. Hoeft, Donald McRae, W. H. Sanborn. Geo. B. Holmes, Wm. A. Comstock.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’08. Sept. 1, ’09.
Loans and discounts.........................
$932,608 27
$926,670 76
$926,567 54
$891,230 35
$906,309 22
Bonds, m ortgages and securities. .
573,908 36
537,265 62
571,039 15
580,862 35
595,252 72
Prem ium s paid on bonds . .
O verdrafts............................................
352 23
2,260 69
2,900 21
7,554 63
2,079174
Banking house....................................
34,707 24
34,707 24
34,707 24
34,707 24
34,707 24
F u rn itu re and fixtures.....................
3,000 00
3,000 00
3,000 00
3,000 00
3,000 00
O ther real e sta te ................................
Due from other banks and bankers
(not, reserve cities)
10,964 32
10,904 32
10,964 32
10,964 32
10,964 32
Item s in tra n sit.................................
8,370 83
10,710 25
8,921 32
16,805 63
13,100 48
130,229 53
United States b onds.. . .
Due from banks in reserve cities. .
123,180 32
112,729 07
125,054 48
136,087 96
Exchanges for clearing h o u se .........
7,232 21
284 59
2,495 63
1,325 00
1,526 07
U. S. and N ational b an k cu rre n cy .
63,572 00
45,814 00
44,145 00
47,197 00
53,274 00
Gold c o in .............................................
25,070 00
25,090 00
25,147 50
25,142 50
25,157 50
Silver coin............................................
9,075 00
15,415 00
12,368 80
12,308 50
9,732 50
Nickels and c e n ts..............................
1,420 71
1,251 42
1,156 51
1,011 24
968 60
Checks and cash ite m s ....................
403 50
88 65
12 00
28 21
112 17
T o ta ls............................................ $1,793,864 99 $1,726,251 61 $1,768,479 70 $1,768,224 93
$1,780,414 09
Liabilities.
Capital stock paid in .......................
$100,000 00
$100,000 00
$100,000 00
$100,000 00
$100,000 00
Surplus fu n d .......................................
U ndivided profits, less current ex
penses, interest and taxes p a id ..
119,200 00
125,000 00
125,000 00
125,000 00
125,000 00
21,211 69
3,583 82
2,550 49
11,098 07
8,532 52
Dividends u n p a id . . .
Commercial ‘deposits subject to
ch eck .................................................
15 00
85 00
305,561 17
207,166 60
230,227 35
198,771 07
188,337 50
10 00
Commercial certificates of d ep o sit.
27 08
32 42
* 339 43
79 93
39 93
Due to banks and b an k ers...............
15,331 74
31,995 32
19,734 50
32,957 88
63,824 43
1,031,105 49
1,050,895 00
1,042,718 17
1,051,776 12
1,063,483 31
151,412 22
157,493 45
155,909 76
173,541 86
162,186 40
Certified checks.
Cashier’s checks o u tsta n d in g ..
Savings d ep o sits................................
Savings certificates of d ep o sit........
17,000 00
Reserved for ta x e s ............................
Notes and bills redisoonnted
75,000 00
75,000 00
T o ta ls ........................................... $1,793,864 99 $1,726,251 61 $1,768,479 70 $1,768,224 93
$1,786,414 09
Bills p a y a b le .......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
50,000 00
50,000 00
75,000 00
STATE BANKS OF MICHIGAN.
15
No. 302.
THE FARMER’S STATE BANK OF ALTO, ALTO.
Organized October 18, 1904.
G e o r g e E. B a r t l e t t , P r e s id e n t ; E d s o n O ’H a r r o w , J o h n Q. W a t t s , V ic e P r e s i d e n t s ;
F r a n k E. C a m p a u , C a s h ie r ; C. M. C a m p a u , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— Edson O ’Harrow , George E. B a rtlett, John Q. W atts, Volney C. W alton, F rank
Campau, Fred C. Tillyer, Charles Bancroft.
Resources.
E.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$67,151 56
$63,817 08
$71,579 33
$73,518 09
$72,734 29
Bonds, m ortgages and se cu rities..
44,747 93
44,622 93
49,002 93
46,402 93
47,582 93
Banking house....................................
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
F u rn itu re and fixtures.....................
800 00
800 00
800 00
800 00
800 00
Prem ium s paid on b o n d s...............
O verdrafts............................................
28 10
32
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
567 66
1,098 54
U nited States bonds.........................
Due from banks in reserve c itie s ..
10,007 44
20,188 25
U. S. and N ational bank currency.
2,508 00
Gold c o in ...........................................
3,525 00
Silver coin............................................
Nickels and c e n ts..............................
20,239 83
18,234 64
10,168 17
2,619 00
3,853 00
2,972 00
2,481 00
3,855 00
3,835 00
4,055 00
4,250 00
229 55
194 90
223 15
125 10
339 65
25 41
47 95
31 13
28 71
20 69
Exchanges for clearing h o u se.........
Checks and cash ite m s ....................
46 56
T o tals............................................
$132,062 55
$138,719 77
$152,064 37
$148,636 47
$141,975 59
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
2,100 00
4,000 00
4,000 00
4,000 00
4,800 00
2,238 47
560 47
1,819 01
1,452 93
513 88
16,629 59
17,550 39
25,209 33
22,583 45
15,304 59
Savings d ep o sits................................
57,587 83
58,369 22
62,101 40
61,722 23
61,584 36
Savings certificates of d eposit........
33,506 66
38,239 69
38,934 63
38,877 86
39,772 76
$132,062 55
$138,719 77
$152,064 37
$148,636 47
$141,975 59
Surplus fu n d .................................
Undivided profits, less current ex
penses, interest.g.nd taxes paid. .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .............................................
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstan d ing..........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING D EPA RTM EN T.
16
No. 48.
ANN ARBOR SAYINGS BANK; ANN ARBOR.
Organized February 4, 1869.
Reorganized December 9, 1889.
C h a r l e s E. H is c o c k , P r e s i d e n t ; W m . D. H a r r im a n , V ic e P r e s id e n t ; M i c h a e l J. F r i t z , C a s h ie r ;
C a r l F . B r a u n , W il l i a m L . W a l 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 .— Charles E. Hiscock, David Rinsey, Wm. D. H arrim an, Michael J. Fritz, W alter C. Mack.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
$594,027 23
$555,108 26
$050,624 76
$679,421 51
$671,598 40
Bonds, m ortgages and se cu rities... 1,542,333 76
1,543,493 99
1,588,891 08
1,597,534 30
1,607,704 53
Loans and discounts.........................
250 00
O verdrafts............................................
4,577 38
3,946 42
8,433 89
4,741 42
2,352 63
Banking house....................................
30,000 00
30,000 00
30,000 00
30,000 00
30,000 00
F u rn itu re and fix tu re s.....................
6,417 32
5,900 00
5,900 00
5,900 00
5,900 00
Other real estate...............................
Due from other banks and bankers
27,468 50
22,134 20
22,134 20
17,200 85
13,600 85
14,475 25
22,667 60
56,905 52
10,230 40
U nited S tates bonds.........................
12,000 00
12,000 00
12,000 00
12,000 00
12,000 00
225,253 77
Item s in tra n sit.................................
Due from banks in reserve cities..
111,175 40
205,860 30
137,391 88
139,836 35
Exchanges for clearing house. . . .
2,992 08
4,571 71
1,809 49
899 90
4,598 18
U. S. and N ational bank c u rre n cy .
125,714 00
138,926 00
111,932 00
117,111 00
120,960 00
Gold c o in .............................................
75,250 00
80,587 00
75,187 50
75,000 00
70,222 50
Silver co in ...........................................
14,000 00
19,000 00
22,000 00
21,000 00
22,000 00
Nickels and c e n ts..............................
1,789 64
1,153 49
1,607 27
1,783 77
1,322 50
Checks and cash ite m s....................
94 19
1,755 21
2,144 48
435 73
1,410 64
T o tals............................................ $2,548,089 50 $2,638,912 33 $2,692,724 15 $2,759,770 35
$2,799,154 40
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
Surplus fu n d .......................................
Undivided profits, less current expenses, interest and taxes p a id ..
250,000 00
250,000 00
250,000 00
250,000 00
250,000 00
21,924 70
20,479 70
25,321 26
31,420 68
39,357 71
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
452 00
512 00
572 00
552 00
533 67
326,429 54
362,841 96
360,616 51
395,108 34
479,973 35
Due to banks and b an k ers...............
42,830 34
53,725 57
68,250 78
75,515 40
52,391 12
Certified checks..................................
16,012 93
625 00
8,327 75
1,311 43
825 62
Cashier’s checks o u tstan d in g ...........
1 20
488 82
1 20
1 20
38 46
Savings d ep o sits................................
1,713,813 03
1,746,853 57
1,794,067 43
1,810,416 21
1,784,009 71
Savings certificates of d ep o sit. . . .
126,625 76
153,385 71
135,571 22
145,445 09
142,024 76
T o ta ls ........................................... $2,548,089 50 $2,638,912 33 $2,692,724 15 $2,759,770 35
$2,799,154 40
Notes and hills discounted .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
17
No. 26.
FARMER’S AND MECHANICS’ BANK, ANN ARBOR.
Organized October 13, 1882.
R e u b e n K e m p f , P r e s id e n t ; H. G. P r e t t y m a n , V ic e P r e s id e n t ; H. A. W i l l i a m s , C a s h ie r ;
F. T. S t o w e , A s s i s t a n t C a s h ie r .
D ir e c t o r s .— R euben Kempf, Wm. F. Breakey, D. F. Schairer, J. E. Beal, O. M. Martin, H. G.
P rettym an, R. A. Jenney, G. S. Vandawarker.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
1363,664 36
$344,258 97
$364,740 74
$345,874 18
$323,273 09
Bonds, m ortgages and securities...
411,031 74
420,637 05
467,334 05
489,056 72
488,948 41
438 50
2,643 36
2,603 36
2 464 26
Prem ium s paid on b o nds.................
O verdrafts............................................
1,548 50
506 41
1,078 34
748 38
495,95
Banking house....................................
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
F urniture and fixtures.....................
4,500 00
4,500 00
4,500 00
4,500 00
4,500 00
O ther real estate...............................
Due from other banks and bankers
(not reserve cities).......................
5,000 00
5,000 00
2,100 00
2,250 00
2,250 00
Item s in tra n sit.................................
20,354 05
327 50
412 50
846 05
1,963 21
United S tates bonds.........................
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
60,746 29
Due from banks in reserve c itie s ..
42,930 47
99,611 55
72,540 24
74,976 70
E xchanges for clearing house. . ..
2,507 73
1,852 35
3,154 25
4,630 05
5,467 98
U. S. and National bank c u rre n cy .
27,585 00
30,909 00
36,147 00
25,624 00
29,984 00
Gold co in .............................................
20,597 50
20,597 50
20,707 50
23,625 00
21,472 50
Silver co in ...........................................
5,154 80
5,698 31
2,458 00
4,834 15
4,636 45
Nickels and c e n ts..............................
336 28
386 38
763 18
1,141 99
1,029 09
187 89
95 85
2,526 28
381 48
$969,911 41 $1,013,675 01 $1,018,238 86
$982,612 71
Checks and cash ite m s ....................
357 64
T o tals............................................
$940,568 07
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50 000 00
40,851 73
40,329 72
42,908 07
43,135 49
46,226 89
Dividends u n p a id ..............................
Commercial 'deposits subject to
ch eck .................................................
177,250 16
194,502 41
208,085 08
208,536 97
189,874 76
Commercial certificates of dep o sit.
96,024 54
79,676 31
60,517 54
30,188 13
21,406 83
Due to banks and b an k ers...............
16,063 67
30,770 14
29,023 56
33,955 94
36,898 76
Certified checks..................................
737 50
27 57
Cashier’s checks o u tstan d in g ..........
742 37
323 38
Savings d ep o sits................................
508,898 10
Surplus fu n d ........................................
U ndivided profits, less current expenses, interest and taxes p a i d ..
65 00
Savings certificates of dep o sit. . . .
8 16
258 16
386 65
6,689 65
1,542 00
515,087 00
517,301 88
523,891 06
519,397 07
9,194 88
55,452 23
71,831 46
66,943 24
$969,911 41 $1,013,675 01 $1,018,236 S6
$982,612 71
Notes and bills rediscounted..........
Bills p a y a b le .......................................
T o tals............................................
3
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$940,568 07
STA TE BANKING D EPA RTM EN T.
18
No. 333.
THE GERMAN-AMERICAN SAYINGS BANK, ANN ARBOR.
Organized June 28, 1905.
C l e m e n t W. G i l l , P r e s id e n t ; G e o . J. M a n n , P a u l S n a u b l e , V ic e P r e s id e n t s ;
E d w a r d L. S e t l e r , C a s h ie r .
D ir e c t o r s .— Clement W. Gill, Geo. J. Mann, Paul Snauble, John M. Feiner, George W alker, John
L indenschm itt, Fred Jedele, Chas. W. W agner, E dw ard L. Seyler.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$124,001 64
$119,891 42
$123,226 84
$129,644 58
$120,951 45
Bonds, m ortgages and securities. .
123,327 68
122,841 45
138,389 75
148,135 56
183,738 15
Prem ium s paid on b o n d s...............
O verdrafts............................................
1,520 34
535 09
409 29
311 68
621 34
B anking house....................................
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
F urniture and fixtures.....................
7,288 25
7,288 25
7,288 25
7,288 25
7,288 25
550 54
1,198 64
325 00
139 03
25
Due from banks in reserve cities. .
34,418 54
41,574 62
34,980 75
30,813 10
45,013 88
Exchanges for clearing h o u se .........
1,822 52
1,569 03
2,486 20
1,239 71
976 66
U. S. and N ational b ank currency.
12,912 00
10,098 00
16,228 00
11,952 00
16,457 00
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States bonds.........................
Gold co in .............................................
1,130 73
1,168 23
2,341 05
1,946 05
1,341 05
Silver coin............................................
980 50
2,099 25
1,381 50
1,884.10
3,070 20
Nickels and c e n ts..............................
93 49
50 56
61 85
69 30
71 43
T o tals............................................
$313,046 23
$313,314 54
$332,118 54
$338,423 96
$384,529 66
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
500 00
500 00
500 00
1,500 00
1,346 16
1,644 85
3,740 35
1,461 26
12 00
9 00
3 00
3 00
Checks and cash ite m s....................
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
2,660 82
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
86,766 26
67,869 31
68,786 63
61,575 87
105,221 18
Commercial certificates of d ep o sit.
10,048 40
11,304 33
19,869 60
21,875 05
22,778 19
Due to banks and b an k ers...............
Certified checks..................................
24 00
Cashier’s checks outstanding...........
400 00
Savings d ep o sits................................
163,170 75
182,282 74
191,308 46
200,705 69
203,566 03
$313,046 23
$313,314 54
$332,118 54
$338,423 96
$384,529 66
Savings certificates of deposit........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKS OF MICHIGAN.
19
No. 144.
STATE SAYINGS BANK OF ANN ARBOR, ANN ARBOR.
Organized November 18, 1892.
W m . J. B o o t h , P r e s id e n t ; W m . A r n o l d , V ic e P r e s id e n t ; C. J. W a l :, C a s h ie r ;
D ir e c t o r s '.— William J. Booth, John V. Sheehan, Wm. Arnold, Jam es H. Wade, John Koch, Christian
M artin, H enry S. Carhart, Victor C. Vaughan, Eugene F. Mills, Dan. F. Zimmerman, Henry
W. Douglass, A. It. Peterson.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$118,333 15
$390,082 74
$399,254 63
$393,096 96
$346,498 80
Bonds, m ortgages and securities...
511,340 16
506,470 16
565,090 16
589,225 16
573,650 96
Prem ium s paid on b o n d s.................
O verdrafts............................................
916 36
497 65
347 45
175 41
269 27
B anking house....................................
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
F u rn itu re and fixtures.....................
7,000 00
7,000 00
7,000 00
7,000 00
7,000 00
10,396 67
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in t r a n s i t ... .
20,000 00
980 33
4,333 50
United States bonds.........................
Due from banks in reserve cities. .
109,553 23
139,235 68
5,932 24
7,355 71
10,000 00
10,000 00
10,000 00
105,197 43
124,188 04
87,220 98
957 99
1,614 08
645 84
883 13
2,045 99
U. S. and N ational bank cu rre n cy .
34,927 00
39,637 00
34,093 00
31,532 00
32,670 00
Gold c o in .......................................... .
21,331 50
21,745 00
22,865 00
22,730 00
24,070 00
Silver c o in ...........................................
2,599 00
1,775 80
2,724 10
2,722 55
1,551 50
Nickels and c e n ts..............................
351 99
272 83
218 61
234 03
Checks and cash ite m s ....................
350 37
148 94
166 58
218
• 34
527 06
$1,133,041 08 $1,157,813 38 $1,178,535 04 $1,214,654 36
$1,120,659 04
E xchanges for clearing h o u se. . . .
T o tals..................................
Liabilities.
Capital stock paid in .......................
51 44
$50,000 000
$50,000 00
$50,000 00
$50,000 00
$50,000 00
40,000 00
50,000 00
50,000 00
50,000 00
50,000 00
26,035 56
14,559 29
18,566 45
17,158 53
19,956 64
60 00
118 33
85 00
85 00
140 00
249,693 13
221,221 18
199,235 22
227,590 47
133,779 04
10,182 82
10,101 90
13,695 73
15,646 63
11,871 80
Savings d ep o sits................................
066,485 51
715,898 18
744,545 71
752,979 35
742,159 84
Savings certificates of dep o sit. . . .
91,184 06
85,914 50
92,406 93
90,194 38
102,752 32
10,000 00
10,000 00
5,000 00
10,000 00
T o tals............................................ $1,133,641 08 $1,157,813 38 $1,178,535 04 $1,214,654 36
$1,120,059 64
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
Commercial certificates of d e p o sit.
Due to banks an d b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
S tate deposits.....................................
Notes and bills rediscounted,.
Bills p a y a b le .......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
20
No. 228.
ARMADA SAVINGS BANK, ARMADA.
Organized February 13, 1901.
B e r t C. P r e s t o n , P r e s id e n t ; G e o r g e H . H e b b l e w h i t e , V ic e P r e s id e n t ; J . E. M a c a u l a y , C a s h ie r ;
C h a r l e s F . L a t h r o p , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— Bert C. P reston, George H. Hebblewhite, John L. Preston, F rank E. Lathrop, Jam es
H. McDonald.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, '09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$115,009 18
$119,540 99
$125,852 03
$131,167 79
$130,973 36
Bonds, m ortgages and securities...
114,094 04
117,794 04
116,844 04
117,225 00
120,925 00
Prem ium s paid on b o n d s.................
O verdrafts............................................
19 28
424 88
1,091 74
74 52
Banking house....................................
3,700 00
3,700 00
3,700 00
3,700 00
3,700 00
F u rn itu re and fixtures.....................
2,000 00
2,000 00
2,000 00
2,000 00
2,000 00
1,974 19
1,371 90
717 38
25,680 55
29,651 38
31,208 50
33,345 27
25,012 32
Other real estate.
Due from other banks and bankers
(not reserve eities)
Tterns in tra n sit.................................
6,409 90
United S tates bonds.. . .
Due from banks in reserve cities. .
ex changes for clearing house. . . .
U. S. and N ational b ank currency.
20,876 00
10,889 00
12,370 00
12,867 00
12,747 00
Gold co in .............................. ..............
2,965 00
2,390 00
800 00
995 00
1,155 00
Silver c o in ...........................................
408 70
1,007 05
389 25
709 75
579 00
Nickels and c en ts..............................
59 40
114 13
82 90
123 47
45 75
T o tals.......................................... ..
$287,506 40
$28S,883 37
$293,970 16
$303,225 02
$309,081 85
Inabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,900 00
$25,000 00
$25,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
4,880 00
527 10
3,990 39
3,921 15
3,158 45
22,540 57
27,870 10
26,511 67
27,480 87
25,083 33
195,014 96
199,953 61
194,718 77
204,924 20
214,877 35
34,404 27
30,532 44
38,749 33
30,892 SO
30,502 72
$287,506 40
$288,883 37
$293,970 16
$303,225 02
$309,681 85
Checks and cash Ttems...................
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
Commercial certificates of d ep o sit.
Due to banks and b an kers...............
Certified checks. . .
Cashier’s checks outstanding’
Savings d ep o sits................................
Savings certificates of deposit. . . .
Notes and bills discounted
Pills pavable
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKS OF MICHIGAN.
21
No. 213.
*ATHENS STATE AND SAVINGS BANK, ATHENS.
Organized April 15, 1899.
G e o r g e W. B r o k a w , P r e s id e n t ; A a r o n H . H a r r i s o n , V ic e P r e s id e n t ; E. E. O v e r h o l t , C a s h ie r ;
W. B. F u n 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 .— Geo. W. Brokaw, S. W. Holmes, J. F. Culp, A. H. Harrison, R. H. Lewis, Fred A. Bower,
Chas. A. Standiford.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$29,574 87
$28,353 78
$20,270 53
Bonds m ortgages and securities. .
20,745 44
20,095 44
30,888 34
Prem ium s paid on b o n d s...............
O verdrafts............................................
316 53
18 76
Banking house....................................
5,000 00
5,000 00
5,000 00
F u rn itu re and fixtures.....................
1,975 00
1,975 00
1,975 00
O ther real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
3,345 78
4,212 76
Item s in tra n sit.................................
176 1
United States bonds.........................
17,990 54
14,377 42
17,780 00
U. S. and N ational bank currency.
4,039 00
4,587 00
3,906 00
Gold c o in ..............................................
480 00
635 00
935 00
Silver coin............................................
595 55
607 00
822 20
Nickels and c e n ts..............................
140 41
108 34
151 16
Checks and cash ite m s ...................
32 84
1 50
2,318 00
Cash in receiver’s h a n d s...................
3,000 00
3,000 00
3,000 00
Due from banks in reserve c itie s ..
E xchanges for clearing h o u se.........
Expenses interest and taxes p a id .
125 79
396 61
T o tals............................................
$87,841 90
$83,817 79
$87,619 00
Liabilities.
Capital stock paid i n .......................
$15,000 00
$15,000 00
$15,000 00
5,000 00
5,000 00
5,000 00
Surplus fu n d ........................................
U ndivided profits, less current ex
penses interest and taxes paid. .
478 43
Dividends u n p a id ..............................
Commercial deposits subject to
ch e c k .................................................
13,909 90
13,400 13
14,093 81
Commercial certificates of d ep o sit.
34,941 97
31,708 19
32,955 64
18,511 60
18,649 47
20,569 55
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o utstanding..........
Savings d ep o sits................................
Savings certificates of dep o sit........
•
Notes and bills rediscounted...........
Bills p a y a b le ................. .....................
T o tals............................................
*Bank rehabilitated F ebruary 4, 1909.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$87,841 90
$83,817 79
$87,619 00
STATE BANKING DEPARTMENT.
22
No. 414.
THE FARMERS’ STATE BANK OF ATHENS, ATHENS.
Organized November 28, 1908.
F r a n k G. W o o d r u f f , P r e s id e n t ; S im o n B. H a r t m a n , A. T. S l a g h t , V ic e P r e s id e n t s ;
F r a n k E . E s t e s , C a s h ie r ; D a v id M i l l e r , A u d i t o r .
D ir e c t o r s .— L. T. Morris, E. D. Albertson, A. L. Wood, F rank Wolf, H. R. Pearce, F rank G. Wood
ruff, D. W. Cook, S. B. H artm an, J. A. S tanton, A. T. Slaght, F. E. Estes.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
$47,029 22
$55,958 22
$57,139 38
2,700 00
6,440 00
7,440 00
000 00
1,060 00
1,090 00
1,286 00
14,931 65
15,335 24
6,797 32
8,062 71
U S. and N ational b ank currency.
3,473 00
2,582 00
2,212 00
3,727 00
Gold c o in .............................................
590 00
775 00
800 00
725 00
Silver c o in ...........................................
770 25
343 45
735 25
646 25
49 36
Loans and discounts.........................
118,953 40
Bonds, m ortgages and securities...
Prem ium s paid on b o n d s...........
O verdrafts............................................
"Expenses interest and taxes paid .
142 05
Banking house.
E u rn itu re and fixtures.....................
O ther real estate.
Due from other banks and bankers
(not, reserve cities').....................
Item s in tra n sit.................................
United S tates b o n d s...
D ue from banks in reserve cities. .
Exchanges for clearing house. . .
Nickels and c e n ts..............................
80 38
Checks and cash ite m s ...................
49 29
T o tals............................................
839,596 08
Liabilities.
Capital stock paid in .......................
$19,100 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses in terest and taxes paid.
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
13,148 94
19 91
82 73
72 36
140 07
$69,874 27
$74,125 06
$79,249 14
$20,450 00
$30,000 00
$30,000 00
74 13
160 16
387 76
17,849 87
19,998 70
19,507 42
Commercial certificates of d e p o sit.
Due to banks and hankers. . .
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits.................................
1,270 79
4,354 07
4,393 58
5,364 35
Savings certificates of dep o sit. . . .
6,076 35
21,146 20
19,572 62
23,989 61
$39,596 08
$69,874 27
$74,125 06
$79,249 14
Notes and bills d isco u nted.............
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
23
STA TE BANKS OF MICHIGAN.
No. 418.
THE PEOPLE’S STATE SAVINGS BANK, AUBURN.
Organized January 6, 1909.
Cu r t is
W . M c P h a i l , P r e s id e n t ; C l a r e n c e H . M a c o m b e r , V ic e P r e s id e n t ;
E d w a r d M. H o l l i s t e r , C a s h ie r .
D i r e c t o r s .— C. W. McPhail, C. H. Macomber, E. M. Hollister, E. A. W ittw er, Jos. Bierd.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
I_,oans and discounts.........................
.¥11,549 63
$15,929 89
$18,014 35
Ponds m ortgages and securities.. .
24,362 42
27,143 10
34,708 96
....................................
58 34
103 85
35 91
Fanking house....................................
2,200 00
2,200 00
2,200 00
Fur n it11re and fixtures
1,642 81
1,642 81
1,642 81
1,879 01
3,424 62
8,185 87
2,483 00
O verdrafts
Due from other banks and bankers
Item s in transit
Due
fro m
hanks in reserve cities. .
Exchanges for clearing house
S. and N ational bank c u rre n cy .
1,727 00
1,661 00
•Gold coin ...........................................
685 00
575 00
765 00
Silver co in ...........................................
217 20
229 40
258 30
TJ.
Nickels and cents
C,hecks
and cash ite m s.........
T o tals............................................
Liabilities.
Capital stock pa,id in. .
36 27
25 11
9 97
415 76
451 65
99 91
$44,773 44
$53,386 43
$68,404 08
$20,000 00
$20,000 00
$20,000 00
558 73
871 63
379 47
5,974 84
8,738 03
8,673 08
100 00
Surplus fund
U ndivided profits, less current ex
penses, interest and taxes p a id ..
6 00
Dividends unpaid
Commercial deposits subject to
check
....................................
43 65
Commercial certificates of d ep o sit.
600 00
Certified checks
'
18,239 87
Savings deposits
23,733 12
36,145 53
2,500 00
S tate monies on deposit
Notes and bills discounted
'
Totals
................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$44,773 44
$53,386 43
$68,404 08
STATE BANKING DEPARTMENT.
24
No. 420.
THE STATE BANK OF AUGUSTA, AUGUSTA.
Organized February 8, 1909.
C h a r l e s C. W o o d , P r e s id e n t ; A l b e r t U . K i n g , V ic e P r e s id e n t ; C l a u d M. F a u d e , C a s h ie r .
D i r e c t o r s ,— Charles C. Wood, Albert IT. King, Claud M. Faude, Joseph Hudson, Hal. H. Sm ith,
William J. Hagelshan, Edw in A. Wildey.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, '08. Sept. 1, ’09.
Loans and discounts.........................
$26,581 34
$41,207 41
$41,803 94
Bonds, m ortgages and securities..
1,550 00
«
3,450 00
3,725 00
Prem ium s paid on b o n d s...............
O verdrafts............................................
120 54
203 68
1,391 81
Banking house....................................
2,500 00
2,500 00
2,500 00
F u rn itu re and fixtures.....................
1,666 78
1,702 28
1,712 28
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
14,015 36
577 14
2,109 17
2,112 00
2,134 54
2,238 00
Item s in tra n sit.................................
United States bonds.........................
Due from banks in reserve cities. .
E xchanges for clearing h o u se .........
U. S. and N ational b ank cu rre n cy .
3,438 00
1,979 00
Gold c o in ...........................................
305 00
820 00
865 00
Silver coin............................................
965 05
055 45
1,612 90
Nickels and c e n ts..............................
36 29
44 32
115 85
Checks and cash ite m s....................
583 51
218 76
704 38
T o ta ls............................................
$53,931 04
$55,530 04
$58,803 70
Liabilities.
Capital stock paid in .......................
$20,000 00
«20,000 00
$20,000 00
500 00
500 00
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
172 74
318 50
88 20
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck ...........i ....................................
16,497 66
13,231 43
12,088 86
Commercial certificates of d ep o sit.
3,074 97
4,300 47
5,029 75
Due to banks and b an k ers...............
225 15
Certified checks..................................
Cashier’s checks outstanding..........
Savings d ep o sits................................
9,185 67
12,179 64
15,271 74
5,000 00
5,000 00
5,000 00
$53,931 04
$55,530 04
$58,803 70
Savings certificates of dep o sit........
S tate monies on d ep o sit...................
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T otals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
25
STA TE BANKS OF MICHIGAN.
No. 236.
STATE BANK OF FRANK W. HUBBARD & CO., BAD AXE.
Organized July 10, 1901.
F r a n k W. H u b b a r d , P r e s id e n t ; J o h n R y a n , V ic e P r e s i d e n t a n d C a s h ie r ;
J. L. B u r g e s s , A s s i s t a n t C a s h ie r ; Jos. N. R a n k i n , A u d i t o r .
D i r e c t o r s .— F rank W. H ubbard, E lizabeth L. H ubbard, John R yan, Maggie Ryan, Joseph N. R ankin.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$232,432 00
$238,504 15
$245,427 15
$257,023 37
$256,348 28
Bonds, m ortgages and se cu rities...
57,463 77
77,580 15
74,909 06
69,984 16
74,997 74
Prem ium s paid on bo n d s.................
O verdrafts.............................................
Banking house..................................
F urniture and fixtures...........
O ther real estate................................
Due from other banks and bankers
(not reserve c itie s).......................
2,546 94
974 02
663 32
1,686 29
1,415 37
11,000 00
11,000 00
11,000 00
11,000 00
11,000 00
1,022 02
1,022 02
1,022 02
1,022 02
1,022 02
12,076 48
12,076 48
12,340 48
12,340 48
12,340 48
10,057 46
7,279 17
1,109 08
1,105 22
1,101 25
26,900 00
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve c itie s ..
80,280 09
36,616 80
28,211 00
25,474 81
Exchanges for clearing house. . . .
4,547 28
4,280 05
11,720 04
5,088 33
4,758 13
U. S. and N ational bank currency.
10,160 00
11,759 00
7,012 00
6,216 00
12,415 00
5,340 00
Gold c o in .............................................
5,940 00
6,455 00
7,115 00
0,730 00
Silver c o in ...........................................
847 25
1,603 85
1,284 35
458 50
979 40
Nickels and c e n ts..............................
159 58
202 43
249 70
198 63
254 37
Checks and cash ite m s ....................
T o tals..........................................
Liabilities.
Capital stock paid in .......................
2,852 74
3,382 44
2,486 22
788 61
615 14
$431,385 61
$4]2,735 56
$404,549 42
$399,116 42
$409,487 18
$30,000 00
$30,000 00
$30,000 00
$30,000 00
$30,000 00
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
21,570 59
20,898 05
21,983 37
23,904 33
24,613 60
D ividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
189,793 93
198,263 03
185,171 43
183,027 53
180,784 83
2,461 64
2,002 97
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
216 00
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
Savings certificates of dep o sit. . . .
179,805 09
153,574 48
154,932 98
150,181 59
164,088 75
$431,385 61
$412,735 56
$404,549 42
$399,116 42
$409,487 18
Notes and bills discounted.............
Bills p a y a b le ......................................
T o tals............................................
4
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
26
No. 237.
STATE SAVINGS BANK OF BAD AXE, BAD AXE.
Organized June 22, 1901.
A l b e r t E . S l e e p e r , P r e s id e n t ; A l l is o n L . W r i g h t , V ic e P r e s id e n t ; J a m e s B a l d w in , C a s h ie r ;
J a p h e t h H i n d , A s s i s t a n t C a s h ie r .
D ir e c t o r s .— A lbert E. Sleeper, Allison L. W right, Jam es Baldwin, Clara Baldwin,
Charles D. Thompson.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$125,308 GO
$136,902 78
$152,611 32
$149,085 08
$164,002 29
Bonds, m ortgages and securities...
65,600 31
63,867 62
58,914 64
59,228 15
62,858 15
O verdrafts............................................
260 30
48 83
85 86
25 56
306 82
8,750 00
Banking house....................................
8,750 00
8,750 00
8,750 00
8,750 00
F u rn itu re and fixtures.....................
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
5,207 63
5,073 38
5,072 08
1,350 50
35 75
1,502 00
41,136 04
23,905 91
25,889 21
29,863 48
2,083 81
637 89
995 96
3,129 34
3,067 64
9,273 00
10,552 00
9,058 00
9,255 00
4,810 00
Gold c o in .............................................
4,805 00
4,945 00
5,135 00
5,125 00
5,005 00
Silver c o in ...........................................
1,059 40
1,047 90
841 95
1,206 35
859 10
Nickels and c e n ts..............................
306 32
344 94
351 92
296 75
195 30
Checks and cash ite m s ....................
2,549 97
240 36
30 70
5 65
681 28
T o tals............................................
$255,056 78
$276,199 34
$269,739 39
$269,605 22
$289,473 14
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
6,672 27
5,640 18
6,179 03
7,417 97
8,466 69
O ther real estate.
.......................
Due from other banks and bankers
0,875 49
5,225 98
Tfern s in f.ran si t,
Due from banks in reserve cities..
E xchanges for clearing h ouse. . . .
U. S. and N ational bank currency.
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
25,684 58
Commercial deposits subject to
ch e c k .................................................
53,295 97
73,684 52
64,331 97
56,632 84
58,847 71
Commercial certificates of d ep o sit.
157,088 54
161,874 04
164,228 39
170,554 41
187,158 74
T o tals............................................
$255,056 78
$276,199 34
$269,739 39
$269,605 22
$289,473 14
......
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. ..
%
STATE BANKS OF MICHIGAN.
27
No. 337.
THE STATE-EXCHANGE BANK, BANCROFT.
Organized April 24, 1906.
T. M. E u l e r ,
P r e s id e n t ;
C. L. P a r s o n s , V ic e P r e s id e n t ; E . P . S h e r m a n ,
E. G. K ay , A s s i s t a n t C a s h ie r .
C a s h ie r ;
D i r e c t o r s .—T. M. Euler, W. H. Payne, J. E. Symes, C. L. Parsons, H. W. P arker, A. Elesser.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
•Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$04,171 65
$88,121 52
$100,075 48
$94,306 81
$104,695 16
Bonds, m ortgages and securities..
46,296 00
50,821 00
48,211 00
51,898 00
60,048 00
185 70
185 70
865 91
782 44
600 53
Prem ium s paid on b o n d s...............
O verdrafts.............................................
792 57
2,925 70
Expenses, interest and taxes p a id .
437 43
102 41
B anking house....................................
7,500 00
7,500 00
7,500 00
7,500 00
7,500 00
F u rn itu re and fixtures.....................
3,797 14
3,797 14
3,797 14
3,797 14
3,797 14
O ther real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
9,688 63
2,575 32
1,649 44
715 07
2,520 90
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities. .
16,147 41
15,476 53
40,174 38
38,148 85
5,336 25
Exchanges for clearing h o u se .........
U. S. and N ational bank cu rre n cy .
9,617 00
7,790 00
7,981 00
8,824 00
10,039 00
Gold c o in .............................................
5,482 50
6,012 50
6,295 00
6,280 00
6,485 00
Silver coin............................................
841 70
363 20
547 75
716 95
479 95
Nickels and c e n ts..............................
117 74
88 10
102 92
174 64
169 24
Checks and cash ite m s ........... ..
173 15
177 94
354 82
1,701 41
309 14
T o tals............................................
$167,190 05
$183,563 81
$215,905 40
$216,951 26
$202,009 62
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
1,000 00
1,250 00
1,250 00
1,250 00
1,250 00
308 79
119 34
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
Dividends u n p a id ..............................
Commercial deposits subject to
check .....................
11,097 22
'
23,482 95
18,001 96
Commercial certificates of d ep o sit.
17,777 57
9,983 98
35,674 11
57,799 75
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstanding...........
Savings d ep o sits................................
5,976 31
6,251 19
5,200 65
5,453 15
5,721 28
Savings certificates of dep o sit........
129,122 52
132,576 67
171,144 00
138,677 09
107,254 61
$215,905 40
$216,951 26
$202,009 62
3 00
Collections p a id .......................
Notes and bills rediscounted .
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$167,196 05
$183,563 81
STA TE BANKING D EPA RTM EN T.
28
No. 62.
WEST MICHIGAN SAVINGS BANK, BANGOR.
Organized April 8, 1880.
J . E. S e b r i n g , P r e s id e n t a n d C a s h ie r ; W il l ia m B k o a d w e l l , V ic e P r e s id e n t.
D ir e c t o r s .-"-Wm. Broadwell, J. E. Sebring, E m m a M cNett, William Charles, Wm. Chapman, Olia
De Haven. Rebecca Fausnaugh.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$96,305 86
$109,490 16
$96,995 25
$103,253 98
$98,418 07
Bonds, m ortgages and se cu rities...
122,154 76
130,269 10
132,413 97
132,118 97
128,443 97
Prem ium s paid on b o n d s.................
276 88
O verdrafts............................................
1,196 05
195 51
358 24
860 29
703 92
Banking house..................... ..............
14,761 27
14,761 27
14,761 27
14,761 27
14,761 27
F u rn itu re and fixtures.....................
1,332 77
1,582 52
1,584 02
1,584 02
1,584 02
Other real estate................................
Due from other banks and bankers
(not reserve cities).......... ............
3,564 36
3,504 36
3,564 36
3,504 36
3,104 36
Due from banks in reserve c itie s ..
71,859 19
53,254 83
51,474 70
49,921 49
70,708 32
Exchanges for clearing house. . . .
600 00
1,391 37
866 66
379 78
1,103 84
U. S. and N ational bank cu rre n cy .
11,910 00
14,968 00
15,375 00
14,893 00
14,569 00
Item s in tra n sit..................................
United S tates bonds.........................
Hold co in .................
.......................
2,900 00
4,600 00
4,500 00
3,000 00
3,000 00
Silver co in ...........................................
2,300 00
2,300 00
1,550 00
1,450 00
1,475 00
Nickels and c e n ts..............................
344 05
271 87
369 74
548 80
710 80
T o tals............................................
.$329,505 19
$336,648 99
$323,813 21
$326,275 96
$338,582 57
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
14,000 00
14,500 00
14,500 00
14,500 00
15,000 00
2,608 11
566 51
1,506 97
2,086 58
871 85
81,304 77
72,033 51
72,087 81
83,900 37
Checks and cash ite m s....................
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
66,475 27
Commercial certificates of d ep o sit.
190 00
'
160 00
5,430 72
D ue to hanks and bankers. . .
Certified checks. . .
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
38,717 51
39,420 17
39,515 13
37,979 38
38,934 08
Savings certificates of dep o sit. . . .
182,514 30
175,631 54
171,257 60
174,022 19
169,439 55
$329,505 19
$336,648 99
$323,813 21 ' $326,275 96
$338,582 57
Notes and bills d isco unted .............
Dills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
29
No. 394.
THE BARRYTON STATE SAVINGS BANK, BARRYTON.
Organized March 9, 1908.
W . J. S h a n k s , P r e s id e n t ; H e n r y W a l r a t h , V ic e P r e s id e n t ; O . S. W o o d , C a s h ie r ;
A d e l b e r t M y e r s , A s s i s t a n t C a s h ie r .
D ir e c t o r s .— W. J. Shanks, H enry W alrath, O. S. Wood. W. T. Laflin, Lee A. Lewis.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
$48,101 24
$53,335 50
71 89
17 49
2 04
Loans and discounts.........................
$43,042 18
$49,506 57
Bonds, m ortgages and se c u ritie s..
400 00
400 00
8 28
$51,803 43
Prem ium s paid on bonds. .
O verdrafts.
Banking house
F u rn itu re and fixtures.....................
700 00
700 00
700 00
700 00
700 00
O ther real estate.
Due from other banks and bankers
(not reserve cities).......................
2,585 07
855 08
2,404 19
2,441 42
2,605 16
•
C38 38
Tterns in tran sit . .
50 00
United States bonds .
Due from banks in reserve cities. .
2,770 03
5,488 02
5,839 01
3,932 32
4,044 00
Exchanges for clearing house.
U. S. and N ational bank currency .
2,006 00
1,505 00
2,492 00
2,170 00
930 00
Gold c o in .............................................
1,080 00
1,220 00
1,440 00
1,595 00
1,350 00
Silver coin............................................
050 90
545 05
295 85
259 45
527 50
Nickels and c e n ts..............................
54 71
72 15
*4 59
09 73
42 27
Checks and cash ite m s....................
57 58
84 31
125 00
93 33
3 00
T o tals............................................
$55,862 17
$60,508 67
$01,810 94
$02,802 35
$62,455 05
Liabilities.
C apital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
1,000 00
1,000 00
1,000 00
2,000 00
Surplus fu n d ......................................
'Undivided profits, less current ex
penses, interest and taxes p a id . .
1,007 42
310 35
1,455 93
1,728 96
171 41
Dividends unpaid
Commercial deposits subject to
ch eck .................................................
21,539 49
25,001 90
22,855 73
23,792 49
23,«62 44
Commercial certificates of d e p o sit.
13,255 20
13,530 30
10,499 28
10,280 90
10,421 20
$02,802 35
$62,455 05
Oerf.ified checks
Oashier’s checks outstanding
*
Nof.es and bills rediscounted
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$55,802 17
$00,508 07
$61,810 94
30
STATE BANKING DEPARTMENT.
No. 93.
CITY BANK, BATTLE CREEK.
Organized June 14, 1871.
Corporate existence extended June 4, 1901.
W il l a r d H. E l d r e d , P r e s id e n t ; C h a s . C. G r e e n , F. A . A l l w a r d t , V ic e P r e s id e n t s ;
E R. M o r t o n , C a s h i e r ; N. Y. G r e e 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 — W. H. Eldred, L. A. Dudley, M. Maas, Chas. C. Green, F. J. Kellogg, Geo. W. Mechera,
H. F. Bechman, N. E. H ubbard, F. A. Allwardt, S. B. Cole, E. R. Morton.
Resources.
Loans and discounts..........
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09:
$671,103 46
$079,455 90
$663,636 69
$659,210 02
$661,770 45
603,763 81
599,560 79
599,128 83
615,708 24
617,992 84
4,328 29
6,108 24
490 59
1,292 57
564 99
F u rn itu re and fix tu re s.. . .
17,577 50
16,698 63
16,698 63
16,698 63
15,713 00
Other real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
13,302 22
13,302 22
15,381 95
14,581 95
14,081 95
Bonds, m ortgages and securities...
Prem ium s paid on b o n ds.................
O verdrafts............................................
Banking house....................................
Item s in tra n sit.................................
226 47
37 84
739 18
87 44
53 85
87 81
222,985 53
United States bonds.........................
Due from banks in reserve cities. .
102,164 26
131,0S1 57
103,248 30
91,286 12
Exchanges for clearing house. . . .
1,707 47
3,060 39
18,495 20
12,627 01
15,022 81
U. S. and N ational bank cu rre n cy .
52,341 00
52,822 00
51,135 00
57,089 00
50,159 00
Gold co in ...................................
31,548 50
35,378 50
42,282 50
44,847 00
34,453 00
6,831 45
6,106 80
6,376 20
4,789 35
3,812 20
493 58
689 13
590 32
657 95
535 28
99 94
409 56
123 25
86 38
523 22
T o tals............................................ $1,505,299 32 $1,545,699 38 $1,517,674 90 $1,518,928 07
$1,637,702 08
Silver c o in ..............................
Nickels and c e n ts..............................
Checks and cash ite m s ............. ..
Liabilities.
Capital stock paid in .......................
$100,000 00
$100,000 00
$100,000 00
$100,000 00
$100,000 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
5,521 89
12,520 22
7,958 71
13,606 01
6,529 61
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
173,422 50
216,181 67
207,681 02
207,949 05
297,256 95
Commercial certificates of d ep o sit.
24,579 67
35,561 36
21,239 58
20,963 94
18,058 84
Due to banks and bankers. . . . . . . :
17,634 59
7,250 40
10,011 16
8,974 95
35,534 62
Certified checks..................................
100 00
5,100 00
100 00
100 00
1,000 00
Savings d ep o sits................................
1,146,972 90
1,135,689 25
1,129,573 13
1,127,425 14
1,145,288 83
Savings certificates of deposit. . . .
12,067 77
8,398 48
16,111 30
14,908 98
9,033 23
$1,505,299 32 $1,545,699 38 $1,517,674 90 $1,518,928 07
$1,637,702 08
Surplus fu n d .......................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
Cashier’s checks o u tstan d in g ...........
Notes and bills disco unted.............
Bills p a y a b le .......................................
T o ta ls........................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
31
STATE BANKS OF MICHIGAN.
•
No. 178.'
MERCHANTS SAVINGS BANK, BATTLE CREEK.
Organized March 28, 1895.
A. M. M i n t y ,
P r e s i d e n t ; S c o t t F i e l d , V ic e P r e s i d e n t ;
H. A. R o w l e s ,
C a s h ie r .
D i r e c t o r s .— Ambrose M. M inty, F rank T urner, Isaac Amberg, Rill F. Hoffmaster, F rank H. Boos,
Scott Field.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$366,038 31
$368,374 71
$357,221 53
$367,444 67
$353,794 97
Bonds, m ortgages and securities. .
511,486 68
551,290 40
551,342 38
568,663 03
579,822 64
Prem ium s paid on b o n d s...............
O verdrafts............................................
2,132 73
1,149 27
504 42
447 83
1,067 72
Banking house....................................
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
F u rn itu re and fixtures.....................
2,325 00
2,325 00
2,325 00
2,325 00
2,325 00
Other real e sta te ................................
Due from other banks and bankers
(not reserve c ities).......................
15,421 89
15,435 09
15,435 09
13,383 79
17,442 45
Item s in tra n sit.........................
101 16
1,764 73
78 30
U nited S tates bonds.........................
Due from banks in reserve cities. .
122,914 55
79,313 58
124,380 42
93,894 31
Exchanges for clearing h o u se .........
2,201 34
1,395 41
1,153 36
1,932 25
1,850 94
U. S. and National bank cu rre n cy .
34,089 00
23,013 00
28,306 00
16,439 00
24,801 00
Gold c o in .............................................
16,935 03
24,517 50
25,612 50
32,037 50
25,445 00
Silver coin..........................................
3,766 45
0,826 90
2,091 25
2,913 95
2,126 25
311 03
310 91
324 67
455 28
461 14
$1,102,700 28 $1,098,951 77 $1,135,461 35 $1,125,067 77
$1,134,374 44
Nickels and c e n ts..............................
100,237 33
Checks and cash ite m s....................
T o ta ls..........................................
Liabilities.
Capital stock paid in .......................
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes paid. .
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
20,000 00
20,000 00
20,000 00
20,000 00
20,000 00
19,273 97
13,760 37
18,325 04
24,815 75
18,694 18
Dividends u n p a id ..............................
Commercial deposits subject to
check ...............................................
108,004 63
118,510 84
122,786 60
100,701 15
132,096 59
Commercial certificates of d e p o sit.
78,264 58
77,536 02
84,741 20
85,919 20
79,824 48
90 00
Due to banks and b an k ers...............
19 36
Certified checks..................................
Cashier’s checks o u tstanding...........
Savings d ep o sits................................
827,157 10
819,024 54
843,631 67
833,739 83
T o tals............................................ $1,102,700 28 $1,098,951 77 $1,135,461 35 $1,125,067 77
$1,134,374 44
839,608 51
Savings certificates of dep o sit........
Notes and bills rediscounted..........
Bills p a y a b le ...................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
32
STA TE BANKING D EPA R TM EN T.
No. 63.
BAY CITY BANK, BAY CITY.
Organized September 4, 1871.
Corporate existence extended September 4, 1901.
G e o . H. Y o u n g , P r e s id e n t ; J u s t i n W e n t w o r t h , V ic e P r e s id e n t ; H. C. M o u l t h r o p , C a s h ie r .
D ir e c t o r s .— George H. Young, Ju stin W entw orth, Frem ont B. Chesbrough, George K. W entw orth,
F rank E. Tyler, Wm. A. Young, W alter D. Young.
Resources.
Loans and discounts.........................
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
$994,778 30 $1,019,333 82
$1,003,601 38
709,082 49
768,713 99
724,651 49
9,000 00
9,000 00
9,000 00
9,000 00
2,435 91
3,456 92
1,085 02
6,015 63
.$970,980 45 $1,004,694 20
Bonds, m ortgages and securities. .
751,784 89
762,796 49
Prem ium s paid on b o n d s...............
9,000 00
O verdrafts.........................
4,184 87
B anking house..............................
F u rn itu re and fixtures.....................
7,000 00
7,000 00
7,000 00
7,000 00
7,000 00
O ther real e s ta te .. ............................
Due from other banks and bankers
(not reserve cities).......................
12,420 00
12,420 00
12,420 00
12,420 00
12,420 00
7,440 21
4,579 64
3,844 42
3,704 48
4,552 80
Due from banks in reserve cities. .
328,159 91
296,482 53
301,835 05
266,983 29
406,877 59
Exchanges for clearing h o u se.........
9,402 72
2,383 55
4,491 10
3,898 57
3,534 08
U. S. and N ational bank currency.
80,828 00
77,580 00
102,789 00
110,803 00
123,674 00
'
Item s in tra n sit..............
U nited States bonds.........................
Gold co in .............................................
27,062 50
27,512 50
29,317 50
30,172 50
31,065 00
Silver coin............................................
0,308 00
7,677 10
6,257 30
6,436 05
6,820 05
Nickels and c en ts..............................
625 14
801 08
621 38
595 40
519 55
Checks and cash ite m s ...................
455 11
3,622 45
323 02
044 70
4 00
$2,221,711 80 $2,218,985 45 $2,245,216 48 $2,240,793 08
$2,339,736 17
T o tals......................................
Liabilities.
Capital stock paid in .......................
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
$150,000 00
$150,000 00
$150,000 00
$150,000 00
$150,000 00
100,000 00
100,000 00
100,000 00
100,000 00
150,000 00
60,402 79
67,410 07
04,227 92
76,557 01
31,175 44
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
347,951 83
345,237 33
367,343 81
350,405 68
381,897 37
Commercial certificates of d ep o sit.
231,757 05
224,108 68
201,007 88
186,132 65
181,429 51
Due to banks and b an k ers...............
57,234 26
59,878 78
59,289 26
44,654 13
74,146 72
Certified checks..................................
797 17
624 00
852 02
408 25
947 59
1,273,568 70
1,280,726 59
1,301,895 59
1,332,635 36
1,370,139 54
T o tals............................. .............. $2,221,711 80 $2,218,985 45 $2,245,216 48 $2,240,793 08
$2,339,736 17
Cashier’s checks outstanding..........
Savings dep o sits. . . .
Savings certificates of dep o sit........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
33
No. 43.
BAY COUNTY SAYINGS BANK, BAY CITY’.
Organized February 1, 1884.
T h o m a s C r a n a g e , P r e s id e n t ; N e w e l l A. E d d y , V ic e P r e s id e n t ; J. M u l h o l l a n d , T r e a s u r e r ;
W a r r e n E . Ca r t e r , A s s i s t a n t T r e a s u re r.
D i r e c t o r s .— Thomas Cranage, Newell A. Eddy, H. M. Gillett, G. Hine, F. T. Norris, George D. Jackson,
J. Mulholland.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$501,392 02
$441,051 41
$417,989 25
$425,369 83
$445,345 93
Bonds, m ortgages and securities...
313,030 69
304,720 69
330,920 69
322,461 51
316,161 51
Prem ium s paid on b o n d s.................
2,163 60
2,163 60
2,355 60
2,996 40
2,000 00
O verdrafts............................................
123 02
36 81
53 57
242 64
141 72
F urniture and fixtures.....................
4,500 00
5,000 00
5,000 00
5,000 00
5,000 00
Other real e state...............................
Due from other banks and bankers
(not reserve cities).......................
4,356 61
4,356 61
3,906 61
3,606 61
3,606 61
Item s in tra n sit.................................
2,000 00
B anking house....................................
30 00
U n ited S tates bonds....................... .
Due from banks in reserve c itie s ..
108,588 77
177,937 65
153,018 23
144,350 50
Exchanges for clearing house. . . .
870 15
1,320 97
700 28
394 68
7,164 68
D. S. and N ational bank currency.
38,113 00
37,348 00
34,837 00
33,368 00
36,026 00
119,691 34
Gold c o in .............................................
10,530 00
11,365 00
10,891 00
10,448 50
11,273 00
Silver c o in ...........................................
2,242 00
1,930 00
2,131 00
2,245 65
2,093 90
Nickels and c en ts..............................
222 68
321 31
196 65
235 21
246 51
Checks and cash ite m s ...................
234 67
T o tals............................................
$988,132 54
$987,582 05
$987,999 88
$950,954 20
$948,781 20
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
23,676 92
13,373 39
18,610 84
24,542 62
17,629 89
65 00
50 00
126,922 82
100,449 65
97,305 51
103,778 13
110,847 20
Savings d ep o sits................................
693,530 94
722,856 61
719,778 83
697,488 00
692,509 57
Savings certificates of deposit. . . .
69,001 86
69,837 40
57,254 70
50,145 45
52,744 54
$988,132 54
$987,582 05
$987,999 88
$950,954 20
$948,781 20
Surplus fu n d .......................................
U ndivided profits, less current ex
penses, interest and taxes p a id ..
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
50 00
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Notes and bills discounted.............
Bills p a y a b le .......................................
T o tals............................................
5
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
34
STA TE BAN KING D EPA R TM EN T.
No. 30.
THE COMMERCIAL BANK, BAY CITY.
Organized August 15, 1888.
C. R. H a w l e y ,
P r e s id e n t ;
C. C. W h i t n e y ,
V ic e P r e s id e n t ;
J. R. W a t r o u s ,
C a s h ie r .
D ir e c t o r s .— C. R. Hawley, C. C. W hitney, B. Boutell, R. G. Bialy, J. C. Weadock, J. R. W atrous,
G.
Resources.
H. Moulthrop, W. H. Sharp.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, ’09.
Loans and discounts.........................
$523,507 00
$578,301 47
$577,356 88
$634,983 46
$593,153 77
Bonds, m ortgages and securities. .
208,186 33
206,926 33
191,451 33
189,781 33
195,131 33
1,447 92
306 77
712 23
2,415 97
2,941 40
5,000 00
4,000 00
4,000 00
4,000 00
4,000 00
7,536 52
12,019 32
9,930 61
3,781 64
3,578 55
70,769 95
Prem ium s paid on b o n d s...............
O verdrafts..............................
Banking house....................................
F u rn itu re and fixtures.....................
O ther real e sta te ................................
Due from other banks and bankers
(not reserve c ities).......................
Item s in tra n sit..................................
U nited S tates bonds.........................
Due from banks in reserve cities. .
54,812 09
33,758 77
57,266 28
80,198 53
E xchanges for clearing h o u se .........
3,579 50
1,127 27
1,360 77
1,194 53
2,182 51
U. S. and N ational bank cu rren cy .
33,360 00
80,380 00
39,144 00
33,732 00
38,187 00
Gold c o in .......................................
8,067 50
15,060 00
8,367 50
4,957 50
9,070 00
Silver coin.............................
5,265 84
9,834 95
3,670 15
3,054 60
7,099 10
Nickels and cen ts.'............................
159 60
306 26
300 72
326 05
589 20
Checks and cash ite m s ...................
1,094 51
2,040 10
242 90
1,247 72
785 10
$852,016 81
$944,061 24
$893,803 37
$959,673 33
$927,487 91
$100,000 00
$100,000 00
$100,000 00
$100,000 00
$100,000 00
60,000 00
60,000 00
60,000 00
60,000 00
80,000 00
10,953 76
12,612 88
18,569 70
23,255 70
4,009 33
Dividends u n p a id ...........
Commercial deposits subject to
ch eck .................................................
284,566 22
396,993 24
311,882 92
' 378,476 49
323,22 4 86
Commercial certificates of d ep o sit.
29,030 18
31,689 49
54,511 41
51,472 31
57,193 28
438 02
38 02
3,638 02
838 52
1,438 02
327,022 63
342,727 61
345,201 32
345,630 31
361,622 42
$944,061 24
$893,803 37
$959,673 33
$927,487 91
T o tals.....................
Liabilities.
Capital stock paid in .....................
Surplus fu n d ...........................
U ndivided profits, less current ex
penses, interest and taxes p a id ..
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstanding...........
Savings dep o sits....................' ...........
Savings certificates of deposit........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
40,000 00
T o tals............................................
$852,016 81
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKS OF MICHIGAN.
35
No. 96.
LUMBERMAN’S STATE BANK, BAY CITY.
Organized January 1, 1875.
Corporate existence extended December 28, 1904.
J o h n M. K e l t o n , P r e s id e n t ; H e n r y H. N o r r in g t o n , V ic e P r e s id e n t ; D. M. S h a v e r , A c t i n g C a s h ie r .
D i r e c t o r s .— John M. Kelton, S. O. Fisher, H. H. Norrington, Andrew Weiss, Edw in M. Eddy.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$354,607 30
$328,936 97
$385,723 71
$361,080 29
$317,202 75
Bonds, m ortgages and securities. .
120,717 00
125,970 00
100,470 00
120,300 00
124,760 00
Prem ium s paid on b o n d s.............
400 00
930 00
907 00
900 00
350 00
O verdrafts............................................
326 20
10,000 00
Banking house....................................
10,000 00
10,000 00
10,000 00
10,000 00
F u rn itu re and fixtures.....................
3,000 00
3,000 00
3,000 00
3,000 00
3,000 00
Other real estate.............................
Due from other banks and bankers
(not reserve cities).......................
4,708 85
4,768 85
4,768 85
4,528 85
4,486 27
114,779 27
12,249 49
21,079 75
28,866 99
51,155 02
84,567 00
57,124 00
56,703 00
28,075 00
16,586 00
Gold co in ...........................................
2,250 00
2,355 00
1,995 00
13,135 00
8,540 00
Silver coin..........................................
1,501 35
1,228 40
1.562 00
659 00
2,431 50
342 42
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities. .
E xchanges for clearing h o u se.........
U. S. and N ational b an k currency.
Nickels and c e n ts..............................
1,054 24
397 74
558 80
300 59
76 52
2,589 07
581 87
376 00
184 50
$705,963 78
$547,703 38
$586,885 90
$570,866 15
$539,908 20
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
3,115 96
541 74
501 03
1,723 35
1,975 49
Dividends u n p a id ..............................
Commercial 'deposits subject to
ch eck ..........................................
343,972 89
182,907 06
199,580 72
190,825 25
154,627 05
Commercial certificates of d ep o sit.
142,888 94
146,437 28
166,561 28
166,256 41
172,230 52
155,985 99
157,817 30
160,242 87
152,061 14
151,075 14
$705,963 78
«547,703 38
$586,885 90
$570,866 15
$539,908 20
Checks and cash ite m s .................
T o tals......................................
Liabilities.
Capital stock paid in ...................
Surplus fu n d .........................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o utstanding..........
Savings d ep o sits................................
Savings certificates of d eposit........
Notes and bills rediscounted...........
Bills p a y a b le .........: ...........................
T o ta ls.....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKING D EPA R TM EN T.
36
No. 17.
PEOPLE’S SAVINGS BANK, BAY CITY.
Organized December 27, 1888.
F r e d M o h r , P r e s i d e n t ; E. T. C a r r i n g t o n , V ic e P r e s id e n t ; T. R. S h a v e r , C a s h ie r .
D i r e c t o r s .— Fred Mohr, E. T. Carrington, Curtis E. Pierce, Thomas Walsh, T. R. Shaver.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, ’09.
$248,177 48
$257,691 94
$236,306 00
$253,175 82
$230,422 93
Bonds, m ortgages and securities...
376,749 67
406,923 54
414,170 09
398,463 47
411,400 60
Prem ium s paid on b o n d s.................
6,668 42
9,073 33
8,520 29
8,732 04
8,881 04
O verdrafts............................................
207 97
221 83
23 58
51 89
18 99
Banking house....................................
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
F u rn itu re and fixtures.....................
3,000 00
3,000 00
3,000 00
3,000 00
3,000 00
O ther real e state...............................
Due from other banks and bankers
3,584 66
3,584 66
3,584 66
3,584 66
3,584 66
108 94
250 14
157 61
864 90
40 00
59,525 26
Loans and discounts.........................
Item s in tra n sit.................................
United Rtaf^s bonds
Due from banks in reserve cities..
83,136 59
43,549 50
44,985 25
79,884 94
E xchanges for clearing house. . . .
3,769 11
2,016 97
2,457 46
1,724 99
2,321 71
tl. S. and N ational bank c u rre n cy .
38,546 00
44,959 00
37,624 00
40,869 00
43,702 00
Gold c o in .............................................
38,820 00
37,120 00
31,180 00
23,585 00
27,310 00
Silver c o in ...........................................
2,020 65
• 2,328 15
2,095 45
1,345 70
2,782 60
Nickels and c e n ts..............................
497 70
736 17
619 92
851 80
915 69
T o tals.......................................... .
$830,287 19
$836,455 23
$809,724 31
$841,134 21
'$818.905 48
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
15,000 00
15,000 00
15,000 00
15,000 00
15,000 00
4,700 78
1,388 20
3,697 19
7,067 95
3,268 47
177,243 58
177,146 55
135,065 15
165,948 68
147,425 30
6,185 50
1,205 00
Savings d ep o sits................................
510,583 50
512,545 04
514,439 18
509,906 69
511,836 36
Savings certificates of deposit. . ..
72,759 33
74,189 34
80,317 79
88,210 89
86,375 35
10,000 00
5,000 00
5,000 00
$809,724 31
$841,134 21
$818,905 48
Checks and cash item s
Surplus fu n d .......................................
U ndivided profits, less current ex
penses, interest and taxes paid. .
Dividends unpaid
Commercial deposits subject to
ch e c k ................................*................
Commercial certificates of d ep o sit.
Due to banks and bankers
Certified checks
...........................
Cashier’s checks outstanding
S tate monies on deposit. . .
Notes and bills discounted.............
Dills payable
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$830,287 19
$836,455 23
37
STA TE BANKS OF MICHIGAN.
No. 2.
BELDING SAVINGS BANK, BELDING.
Organized January 15, 1889.
H. J. L e o n a r d ,
P r e s id e n t ;
A. N. B e d d in g ,
W . H. A n g e l l ,
V ic e P r e s id e n t ; W.
A s s i s t a n t C a s h ie r .
S. L a m b e r t s o n ,
C a s h ie r ;
D i r e c t o r s .— H. J. Leonard, A. N. Belding, W. P. H etherington, M. M. Belding, Jr., E. E. Chappie,
R. M. Wilson, Geo. W. Ellis, N. C. Spicer, E. C. Loyd.
Resources.
Report of
Report of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$129,714 59
$140,778 35
$136,958 82
$128,206 63
$138,823 29
Bonds, m ortgages and securities. .
90,080 75
93,158 75
97,604 09
110,354 77
112,704 77
Prem ium s paid on b o n d s...............
O verdrafts.............................................
851 00
357 92
527 02
101 74
2,220 32
B anking house....................................
8,575 00
8,575 00
8,575 00
8,575 00
8^ 575 00
F urniture and fixtures.....................
2,000 00
2,000 00
2,000 00
2,0C0 00
2,000 00
801 30
1,169 75
2,608 18
40,458 98
54,969 96
44,356 70
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit..................................
U nited States bonds.........................
Due from banks in reserve cities. .
48,868 35
32,467 58
Exchanges for clearing h o u se .........
U. S. and N ational bank cu rre n cy .
5,273 00
7,519 00
5,054 00
8,796 00
5,842 00
Gold co in .............................................
9,656 00
10,681 00
10,641 00
10,681 00
11,086 00
1,076 85
Silver coin............................................
1,118 80
2,007 45
1,288 10
2,189 25
Nickels and c e n ts..............................
78 03
28 60
76 61
158 56
272 53
Checks and cash ite m s....................
739 68
561 85
490 70
1,241 80
1,141 21
T o tals............................................
$296,955 80
$298,135 50
$304,475 62
$328,444 46
$330,766 85
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
15,000 00
15,000 00
15,000 00
15,000 00
29,000 00
6,445 41
6,068 64
7,589 03
7,961 76
2,989 25
54,395 19
55,261 14
51,988 29
67,520 72
76,806 80
37 55
49 20
76 64
76 64
50 88
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstanding..........
Savings d ep o sits................................
45,824 48
50,211 85
53,312 12
55,834 54
55,369 09
Savings certificates of dep o sit........
150,253 17
146,544 67
151,509 54
157,050 80
150,550 83
$293,955 80
$298,135 50
$304,475 62
$328,444 46
$330,766 85
Notes and bills rediscounted...........
Bills p a v a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKING D EPA RTM EN T.
38
No. 159.
PEOPLE’S SAVINGS BANK OF BELDING, BELDING.
Organized May 12, 1893.
E. R. S p e n c e r ,
P r e s id e n t; F r a n k
R. C h a s e ,
V ic e P r e s id e n t ;
W. L. C u s s e r ,
C a s h ie r .
D ir e c t o r s .— E. R. Spencer, B. F. Hall, F rank R. Chase, Charles Eddy, W. H. Locke, George H oppough,
H.
L. Page, F. L. Moon, W. L. Cusser, John Greenop, Jno. G. Hessler, Jno. D. Campbell.
Resources.
Report of
R eport of
R eport of
R eport of
R eport of
Nov. 27, '08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, '09.
Loans and discounts.........................
$ 1 5 1 ,6 3 9 03
$ 1 4 0 ,7 7 6 58
$ 1 4 0 ,0 2 9 37
$ 1 4 0 ,3 2 9 42
$ 1 5 2 ,2 5 6 50
Bonds, m ortgages and se c u ritie s...
8 1 ,4 9 4 95
8 0 ,4 3 4 83
7 3 ,9 6 9 84
7 3 ,0 6 2 8 4
7 5 ,5 4 3 84
O verdrafts............................................
989 80
2 ,0 6 4 09
1 ,8 2 3 77
1 ,5 4 8 10
1 ,3 5 0 34
B anking house....................................
8 ,0 0 0 00
8 ,0 0 0 00
8 ,0 0 0 00
8 ,0 0 0 00
8 ,0 0 0 00
F u rn itu re and fixtures.....................
3 ,2 4 2 00
3 ,2 4 2 00
3 ,2 4 2 00
3 ,2 4 2 00
3 ,5 5 1 40
1 ,2 0 0 00
5 ,7 1 2 50
5 ,7 1 2 50
5 ,7 1 2 50
1 ,3 8 2 57
4,111 03
2 5 3 53
O ther real e sta te ...............................
Due from other banks and bankers
U nited States bond.«?
Due from banks in reserve citie s. .
1 0 ,5 9 1 01
2 1 ,4 4 3 78
2 1 ,6 5 5 46
4 8 ,9 7 6 52
5 0 ,9 7 4 65
Exchanges for clearing h o u se. . . .
3 ,9 0 2 93
1 ,1 8 7 92
1 ,1 5 9 12
1 ,4 6 3 52
1 ,6 3 2 28
U. S. and N ational bank cu rre n cy .
9 ,0 3 3 00
4 ,2 9 7 00
6 ,6 0 1 00
4 ,2 9 4 00
4 ,6 8 2 00
Gold c o in .............................................
1 0 ,5 5 7 00
1 1 ,2 2 7 00
1 0 ,8 2 2 00
1 0 ,6 2 2 00
1 0 ,9 5 2 00
Silver c o in ...........................................
1 ,3 8 9 25
1 ,4 8 8 15
751 85
1 ,0 4 2 35
1 ,3 8 1 90
Nickels and c e n ts..............................
202 21
342 80
2 5 2 80
189 6 4
182 09
Checks and cash ite m s ...................
107 22
88 69
272 37
60 2 5
8 57
T o tals............................................
$ 2 8 1 ,1 4 9 00
$ 2 7 7 ,1 7 5 41
$ 2 7 8 ,4 0 3 11
$ 2 9 8 ,7 9 6 73
$ 3 1 6 ,2 2 8 07
Liabilities.
Capital stock paid in .......................
$ 3 5 ,0 0 0 00
$ 3 5 ,0 0 0 00
$ 3 5 ,0 0 0 00
$ 3 5 ,0 0 0 00
$ 3 5 ,0 0 0 00
1 0 ,0 0 0 00
1 0 ,0 0 0 00
1 0 ,0 0 0 00
1 0 ,0 0 0 00
1 0 ,0 0 0 00
3 ,6 3 7 70
1 ,3 2 2 29
2 ,4 4 4 02
2 ,6 3 4 36
820 51
3 6 ,0 4 6 2 4
3 7 ,2 4 2 92
3 5 ,1 0 3 6 4
4 2 ,2 0 8 98
5 9 ,5 7 4 16
Surplus fu n d .................... ...................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
D iv id e n d s u n p a id .
Commercial deposits subject to
check .................................................
Commercial certificates of d ep o sit.
D ue
to banks and bankers. . .
Certified checks. . .
Cashier’s checks outstanding
Savings deposits................................
3 5 ,3 5 6 92
3 3 ,9 2 1 72
3 4 ,3 9 8 12
3 9 ,1 1 5 58
3 7 ,9 5 6 32
Savings certificates of deposit. . . .
1 4 6 ,1 0 8 14
1 4 4 ,6 8 8 48
1 6 1 ,4 5 8 73
1 0 9 ,8 3 7 81
1 7 2 ,8 7 1 08
$ 2 9 8 ,7 9 6 73
$ 3 1 6 ,2 2 8 07
Nof.es a,nd bills discounted
Dills payable
T otals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1 5 ,0 0 0 00
1 5 ,0 0 0 00
$ 2 8 1 ,1 4 9 00
$ 2 7 7 ,1 7 5 41
$ 2 7 8 ,4 0 3 11
j
STA TE BANKS OF MICHIGAN.
39
No. 347.
BELLATRE STATE BANK, BELLATRE.
Organized August 14, 1906.
F. W. B e c h t o l d ,
P r e s id e n t ;
W m . A. E v a n s ,
?
V ic e P r e s id e n t ;
W. H. R ic h a r d s ,
C a s h ie r .
D ir e c t o r s .— F. W. Bechtold, Wm. A. Evans, H. L. Richards, W. H. R ichards, A. T. Slaght.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of '
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$47,073 31
$48,790 60
$51,948 01
$62,470 22
$62,414 93
Bonds, m ortgages and s e c u ritie s ..
27,020 29
27,684 86
27,683 93
27,946 23
28,604 33
Prem ium s paid on b o n d s...............
105 00
105 00
105 00
105 00
105 00
O verdrafts........ ....................................
157 47
74 32
163 99
15 45
B anking house....................................
5,000 00
5,243 79
5,243 79
5,243 79
5,243 79
F u rn itu re and fixtures.....................
2,672 97
3,235 87
3,235 87
3,235 87
3,535 87
340 39
340 39
340 39
340 39
O ther real e sta te ................................
Due from other banks and bankers
(not reserve c ities).......................
Item s in tra n s it..................................
U nited S tates bonds.........................
3,000 00
3,000 00
3,000 00
3,000 00
3,000 00
Due from banks in reserve c itie s ..
9,804 53
11,817 22
20,527 01
10,914 69
11,357 20
Exchanges for clearing h o u se.........
U. S. and N ational bank currency.
6,902 00
3,517 00
4,294 00
2,053 00
3,903 00
Gold c o in .............................................
2,630 00
2,840 00
2,810 00
2,620 00
2,905 00
Silver coin............................................
579 69
677 94
796 49
779 55
1,313 30
Checks and cash ite m s ....................
331 26
224 15
283 88
720 84
400 55
Insurance acco u n t.............................
432 26
298 06
T o tals............................................
$105,708 78
$107,774 88
$120,342 69
$119,593 57
$123,138 81
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
1,000 00
2,000 00
2,000 00
2,000 00
2,000 00
3,509 60
1,520 56
2,605 24
2,767 79
2,894 71
29,003 37
31,654 35
37,263 78
Nickels and c e n ts..............................
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
D ividends u n p a id ..............................
Commercial deposits subject to
ch e c k .................................................
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
1,031 30
364 70
Savings d ep o sits................................
19,248 81
20,643 54
28,362 29
Savings certificates of deposit........
31,915 70
31,591 73
30,111 38
$105,708 78
$107,774 88
$120,342 69
36,459 02
40,179 06
29,648 86
27,570 62
784 45
884 17
Certified checks..................................
Cashier’s checks o utstanding ..........
•86 77
27,846 68
29,610 25
$119,593 57
$123,138 81
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
40
No. 219.
BENTON HARBOR STATE BANK, BENTON HARBOR,
Organized December 20, 1899.
H. D . P o o l e ,
P r e s id e n t ;
G. M . V a l e n t i n e , V ic e P r e s id e n t ; M. P . R e s c h ,
B. F. W e l l s , A s s i s t a n t C a s h ie r .
C a s h ie r ;
D ir e c t o r s .— I. W. Conkey, H. D. Poole, G. M. Valentine, S. L. VanCamp, M. B. Wells, C. A. Conkey,
M. P. Resch, D. B. Sutherland, Wm. Wallace.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 2.3, ’09. Sept. 1, ’09.
Loans and discounts.........................
1289,551 50
$295,421 27
$313,520 75
$332,069 40
$312,612 79
Bonds, m ortgages and se c u ritie s...
90,520 25
99,751 65
105,306 65
104,301 65
101,301 65
. 2,995 90
301 19
1,749 93
1,204 64
884 64
6,000 00
6,000 00
6,000 00
6,000 00
6,000 00
755 99
254 57
Prem ium s paid on b o n d s.................
O verdrafts............................................
Banking house....................................
F u rn itu re and fixtures.....................
O ther real e state...............................
Due from other banks and bankers
(not reserve cities).......................
298 61
Item s in tra n sit.................................
12 00
United States bonds.........................
Due from banks in reserve c itie s ..
93,082 54
67,412 32
63,375 80
37,853 01
Exchanges for clearing house. . . .
1,394 76
4,235 33
6,006 90
2,267 32
3,360 47
U. S. and N ational bank currency.
20,858 00
18,347 00
21,939 00
19,240 00
23,089 00
Gold c o in ..................................
9,725 00
13,612 50
6,840 00
7,775 00
9,620 00
Silver c o in ............................
5,228 00
2,662 60
3,359 30
1,990 90
3,136 35
Nickels and c e n ts..............................
609 86
477 85
1,044 96
217 03
363 32
Checks and cash ite m s ...................
388 42
2,327 48
2,048 98
176 30
916 28
T o tals............................................
1520,058 84
$510,549 19
$531,192 27
$513,851 24
$544,989 80
Liabilities.
Capital stock paid i n . ., ; ...............
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
12,000 00
15,000 00
15,000 00
15,000 00
16,000 00
18,457 08
12,797 68
15,533 76
17,846 37
1,402 95
175,701 17
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
Dividends u n p a id ..............................
Commercial deposits subject to
check ..................................
187,086 08
173,835 81
187,868 60
167,625 23
Commercial certificates of d ep o sit.
773 59
473 59
473 59
473 59
2,256 76
421 52
83,438 73
100 00
Due to banks and b an k ers...............
473 59
664 74
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
83,869 28
79,221 75
83,105 87
86,301 85
92,416 77
Savings certificates of dep o sit. . . .
168,472 81
176,863 60
178,788 93
176,604 20
174,810 58
Increase of c a p ita l....................... ...
33,460 00
Notes and bills d isco u nted.............
Bills p a y ab le.......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$520,658 84
$510,549 19
$531,192 27
$513,851 24
$544,989 80
•
STATE BANKS OF MICHIGAN.
41
No. 76.
FARMERS’ AND MERCHANTS’ BANK, BENTON HARBOR.
Organized February 20, 1888.
J o h n R o b i n s o n , P r e s id e n t ; R. M. J o n e s , V ic e P r e s id e n t ; C h a s . F o s t e r , C a s h ie r ;
J a m e s M. R o s 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 — John Robinson, R. M. Jones, W. P. Robbins, 0. B. FFipp, E dw ard B rant, R. 11. Sherwood,
William Stewart, A. J. Kidd, Charles Foster, T. L. Wilkinson, G. B. Gehlert.
Resources.
Loans and discounts.........................
Bonds, m ortgages and securities..
Report of
R eport of
R eport of
R eport of
Report of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
$549,380 11
172,553 85
600 00
Prem ium s paid on b o n d s...............
795 25
O verdrafts....................... .....................
$531,214 80
$552,694 66
$521,795 82
172,018 85
167,696 85
169,608 85
170,608 S5
600 00
600 00
600 00
600 00
278 33
575 98
540 67
382 77
7,000 00
7,000 00
$522,572 66
Banking house....................................
7,000 00
7,000 00
7,000 00
Furniture and fixtures.....................
7,000 00
7,000 00
7,000 00
7,000 00
7,000 00
Due from other banks and bankers
(not reserve cities).......................
4,969 04
471 81
1,723 78
3,306 07
3,443 08
U nited States bonds.........................
3,200 00
3,200 00
3,200 00
3,200 00
3,200 00
247,335 28
224,917 34
196,451 09
421,245 14
Due from banks in reserve c itie s ..
313,671 96
Exchanges for clearing h o u se .........
1,039 59
1,313 21
14,206 55
1,267 74
2,736 06
U. S. and N ational bank currency .
60,512 00
44,411 00
53,911 00
53,090 00
47,765 00
Gold c o in .............................................
30,400 00
30,795 00
25,170 00
29,790 00
29,605 00
Silver coin............................................
11,337 80
11,620 05
11,484 05
7,881 45
10,898 55
Nickels and c e n ts..............................
1,369 75
1,393 85
1,539 75
1,050 80
1,079 91
Checks and cash ite m s ....................
1,658 59
1,876 10
1,400 39
129 79
5,026 10
T o tals............................................ $1,165,487 94 $1,051,886 14 $1,051,640 49 $1,033,611 12
$1,232,386 28
Liabilities.
Capital stock paid in .......................
•
$125,000 00
$125,000 00
$125,000 00
$125,000 00
$125,000 00
62,500 00
62,500 00
62,500 00
62,500 00
62,500 00
26,289 27
17,089 63
22,038 30
13,573 90
15,467 74
Commercial deposits subject to
ch eck .................................................
344,499 54
275,680 67
284,685 45
290,953 39
418,614 18
Commercial certificates of d ep o sit.
29,349 66
28,013 68
25,766 51
28,250 28
33,579 73
Due to banks and b an k ers...............
123,467 29
97,255 57
103,776 53
101,533 84
131,506 12
Cashier’s checks o u tstanding...........
995 18
510 10
21 00
837 63
27 00
Savings d ep o sits................................
198,053 54
187,534 18
195,850 02
197,295 26
201,320 50
Savings certificates of deposit........
255,333 46
258,302 31
221,996 08
207,516 82
239,371 01
10,000 00
5,000 00
5,000 00
T o tals............................................ $1,165,487 94 $1,051,886 14 $1,051,640 49 $1,033,611 12
$1,232,386 28
Surplus fu n d ......................................
U ndivided profits, less current expenses, interest and taxes p a id . .
1,150 00
6
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BAN KING D EPA R TM EN T.
42
No. 388.
THE STATE SAVINGS BANK OF BENTON HARBOR, BENTON HARBOR.
Organized October 15, 1907.
J o h n E. B a r n e s , P r e s i d e n t ; H u m p h r e y S. G r a y , V ic e P r e s id e n t ; W i l l i a m E. M a r s h , C a s h ie r .
D i r e c t o r s .— John E. Barnes, H um phrey S. Gray, Josiah S. Caldwell, Geo. R. D ater, John J. Kinney,
J. N. Klock, W. A. P reston, P eter Tonnelier, L. L. Filstrup, Dudley E. W aters, William E.
Marsh, Jam es J. Jahw ay, Wm. E. Sheffield.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Resources.
Loans and discounts.........................
$104,795 29
$127,451 07
$146,873 41
$148,488 74
$153,275 23
Bonds, m ortgages and se c u ritie s...
8,790 00
12,600 52
15,111 77
19,701 77
19,084 27
212 30
212 30
Prem ium s paid on b o n d s.................
O verdrafts............................................
" R a n k in g h o u s e .
1 97
26 79
68 42
549 19
117 38
6,576 53
6,576 53
6,748 12
6,748 12
0,748 12
1,612 28
914 96
2,179 65
778 36
1,283 65
45 00
45 00
..
F u rn itu re and fixtures.....................
O th e r real e s ta te .
Due frpm o th er banks and bankers
(not reserve c ities).......................
5 00
T te rn s i n t r a n s i t ............................................
Tini f e d
S ta te s b o n d s . .
.
Due from banks in reserve cities..
19,736 38
17,765 39
21,659 21
18,123 12
11,548 12
E xchanges for clearing h ouse. . . .
1,147 18
951 28
2,427 52
489 20
2,171 64
U. S. and N ational bank currency.
5,872 00
5,878 00
10,846 00
8,640 00
9,419 00
Gold c o in .............................................
1,150 00
1,445 00
1,342 50
1,845 00
1,320 00
Silver co in ...........................................
1,375 20
1,639 45
1,923 00
1,455 20
1,382 25
Nickels and c e n ts..............................
195 47
374 03
394 43
390 56
375 47
Checks and cash ite m s ....................
372 20
471 62
312 72
432 71
656 35
T o tals............................................
$151,624 50
$176,099 64
$209,889 75
$207,899 27
$210,638 78
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
U ndivided profits, less current ex
penses, interest and taxes paid. .
1,195 61
528 76
1,480 86
817 06
1,617 36
..
Commercial deposits subject to
ch eck .................................................
73,261 53
74,001 16
89,321 95
66,033 95
81,473 90
19,905 19
22,518 10
29,522 96
22,401 94
S u r p lu s f u n d . .
D iv id e n d s u n p a id
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
C e r ti f ie d
rhee.ks. . .
100 00
O a .s h ie r ’s r h e e .k s o u t s t a n d i n g
Savings dep o sits................................
13,387 34
17,369 98
18,527 65
21,312 31
22,622 50
Savings certificates of deposit. . . .
13,780 08
14,294 55
28,041 19
40,112 99
32,523 08
$151,624 56
$176,099 64
$209,889 75
$207,899 27
$210',638 78
Notes and
h ills
rediscounted. . .
R ills p a y a b l e . .
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
43
STATE BANKS OF MICHIGAN.
No. 416.
THE BERRIEN SPRINGS STATE BANK, BERRIEN SPRINGS.
Organized October 21, 1908.
W m . H. S y l v e s t e r ,
P r e s id e n t ; I r a
R. S t e m m , E. F. G a r l a n d ,
V ic e P r e s id e n t s ;
C. M. N i l e s ,
C a s h ie r .
D ir e c t o r s — Wm. H. Sylvester, Ira R. Stemm, Jam es D. Boone, George R. D ater, Wm. E. Marsh.
E . F. Garland, H. S. Gray, Jno. E. Barnes, J. N. Klock, J. F. Carter, C.*M. Niles.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, 09.
Resources.
J (nnns and discounts.........................
$34,484 07
$43,496 95
$40,728 88
$52,654 24
Bnnds m ortgages and securities...
34,956 50
37,610 50
40,125 50
42,545 50
O verdrafts............................................
2,091 60
995 15
990 24
2,157 35
Expenses, interest and taxes paid.
322 45
B anking house....................................
4.500 00
4.500 00
4.500 00
4.500 00
F u rn itu re and fixtures.....................
1.500 00
1.500 00
1.500 00
1.500 00
28,503 04
28,986 22
35,888 80
32,509 99
IT. S. and N ational bank currency.
4,686 00
3,626 00
4,980 00
5,995 00
Gold c o in .............................................
1,527 50
1,510 50
1,152 50
1,410 00
Silver c o in ...........................................
316 00
471 40
650 90
424 55
Nickels and c e n ts..............................
136 05
58 28
89 59
65 16
Checks and cash ite m s....................
258 42
571 46
509 49
467 36
T o tals............................................
$113,282 23
$123,326 46
$131,121 90
$144,229 15
$10,500 00
$15,000 00
$19,000 00
$20,000 00
95 44
448 19
695 96
32,215 74
36,866 11
46,328 75
198 59
598 94
17 03
P rem ium s pa,id on bonds
Ofher real estate
Due from other banks and bankers
(not reserve cities)
J fern s in tran sit
Tlnited States bonds
Due from banks in reserve cities. .
Exchanges foi* clearing house
Liabilities.
Capital stock paid in. . .
Surplus fund
U ndivided profits, less current ex
penses interest, and taxes paid. .
D ividends unpaid
Commercial deposits subject to
ch eck .................................................
33,529 78
Commercial certificates of d ep o sit.
Due to banks and bankers . .
Certified checks.
Cashier’s checks outstanding
Savings d ep o sits.................................
S a v in g s
certificates
of
deposit. . . .
375 93
5,703 41
5,963 39
7,017 90
68,876 52
70,113 28
68,245 27
70,169 51
$113,282 23
$123,326 46
$131,121 90
$144,229 15
Notes and bills rediscounted
P ills p a y a b le
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
44
No. 259.
BIG RAPIDS SAYINGS BANK, BIG RAPIDS.
Organized May 1, 1902.
W. N. F e r r i s ,
P r e s id e n t ;
C. D. C a r p e n t e r ,
V ic e P r e s id e n t ; L e R o y W i l l , C a s h ie r .
D i r e c t o r s .— W.oN. Ferris, C. D. Carpenter, T. H. Coughlin, E. C. Newcombe, S. J. Throp, J. J. Hender-
's o n , A. K. H anchett, A. Broomfield, J. K. Brower, A. B. K napp.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept 1, ’09.
Loans and discounts.........................
.$128,943 21
$142,205 80
$149,711 85
Bonds, m ortgages and securities..
78,212 18
79,237 18
92,302 53
103,251 53
114,513 80
488 00
488 00
830 90
Prem ium s paid on b o n d s...............
O verdrafts......................... ...................
$142,243 29 ' $145,940 15
2 46
6 91
100 99
38
101 54
2,080 94
2,080 94
2,080 94
2,080 94
2,080 94
1,248 60
2,952 70
2,444 40
1,242 57
40,626 00
63,399 02
51,526 51
51,724 40
23,028 20
U. S. and N ational bank c u rre n cy .
14,859 00
12,761 00
14,385 00
17,075 00
14,317 00
Gold c o in .............................................
2,850 00
3,242 50
5,547 50
3,890 00
2,045 00
Silver coin............................................
1,554 10
1,383 00
2,432 85
1,672 40
1,225 70-
Nickels and c e n ts................. .. .........
85 86
140 69
111 05
111 68
104 74
Checks and cash ite m s....................
1,010 50
549 19
2,950 60
2,436 45
1,073 28
T o tals............................................
$271,478 91
$307,958 93
$324,082 22
$326,216 64
$306,461 31
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
4,500 00
5,000 00
5,000 00
5,000 00
5,500 00^
4,725 40
5,454 55
5,167 85
0,237 09
5,587 93:
45,830 25
68,920 44
70,198 45
09,749 22
50,539 40
Banking house....................................
F u rn itu re and fixtures.....................
Other real e state................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing h o u se .........
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
Commercial certificates of d ep o sit.
3,758 92:
Due to banks and b an k ers...............
Certified checks..................................
25 00
Cashier’s checks outstan ding..........
3 12
Savings d ep o sits................................
150,742 61
Savings certificates of d eposit........
34,671 47
27 82
7 57
4 97
163,989 71
108,902 53
169,048 68
161,338 69
39,594 23
49,785 57
51,149 08
45,731 40
Notes and bills rediscounted...........
9,000 00
Bills p a y a b le .......................................
T o tals................................. ..........
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$271,478 91
$307,958 93
$324,082 22
$326,216 64
$306,461 31
STATE BANKS OF MICHIGAN.
45
No. 248.
CITIZENS’ STATE BANK, BIG RAPIDS.
Organized September 28, 1901.
E . W . H u d n u t t , P r e s id e n t ; G e o . A . W r i g h t , V ic e P r e s id e n t ; D . C. M o r r i l l , C a sh ie r',
F. A . A s h l e y , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— E. W. H udnutt, Wm. Hugh, Sr., G. F. Fairm an, Jos. Barton, G. A. W right, W. T. Dodge,
D.
C. Morrill, W. E. Bailie, F. E. Hood, C. W. Doe, L. F. Bertran.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, '09. Sept. 1, ’09.
Loans and discounts.........................
$248,530 52
$241,999 52
$268,589 05
$280,712 10
$282,957 98
Bonds, m ortgages and securities...
107,438 07
123,557 32
143,527 32
149,942 16
148,567 16
Prem ium s paid on b o n d s.................
O verdrafts............................................
441 50
500 85
88 21
51 03
76 51
Banking house....................................
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
F u rn itu re and fixtures.....................
0,231 61
6,000 00
6,000 00
6,000 00
6,000 00
O ther real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
865 18
427 29
73 82
44 70
Item s in tra n sit..................................
2,000 99
1,472 73
815 32
1,979 90
888 41
82,446 61
73,649 97
69,515 07
44,245 14
51,210 81
U. S. and N ational bank currency.
19,992 00
20,506 00
12,005 00
16,396 00
10,041 50
Gold c o in .............................................
5,730 00
8,737 50
6,370 00
5,830 00
7,715 00
Silver co in ...........................................
4,150 20
6,914 25
7,096 10
7,537 45
4,597 35
Nickels and c e n ts..............................
225 92
410 91
170 83
88 14
242 37
Checks and cash ite m s....................
1,717 89
1,342 40
1,408 00
1,913 55
1,730 71
T o tals............................................
$489,770 49
$495,518 74
$525,059 32
$530,740 17
$524,027 80
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
U nited States bonds.........................
Due from banks in reserve cities..
Exchanges for clearing h o u s e ....
$50,000 00
$50,000 00
$50,000 00
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes p a i d ..
7,000 00
7,500 00
7,500 00
7,500 00
8,000 00
13,828 88
11,521 69
13,527 20
14,174 76
12,043 68
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck ................................
143,084 37
142,208 00
149,618 66
141,901 31
137,986 89
Commercial certificates of d ep o sit.
2,717 06
1,524 88
19,768 12
28,393 17
53,709 67
Due to banks and b an k ers...............
228 79
183 25
2,564 09
1,423 48
1,637 36
Certified checks................................
16 00
16 00
16 00
352 61
16 00
Cashier’s checks o u tstan d in g ...........
8 99
9 37
27 54
22 14
2 44
Savings d ep o sits................................
97,556 58
106,692 74
116,245 04
125,148 81
122,828 62
Savings certificates of dep o sit. . . .
175,301 82
175,802 81
166,392 61
161,823 89
137,631 14
$489,770 49
$495,518 74
$525,659 32
$530,740 17
$524,027 80
28 00
172 00
Notes and bills d iscounted.............
Bills p a y a b le .......................................
T o tals....................... • ..................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
46
No. 411.
THE FIRST STATE SAVINGS BANK OF BIRMINGHAM, BIRMINGHAM.
Organized September 15, 1908.
F r a n k F o r d , P r e s id e n t ; F r a n k H a g e r m a n , V ic e P r e s id e n t ; T h o m a s H . C o b b , C a s h ie r .
D ir e c t o r s .— F rank Ford, F rank Hagerm an, Thomas H. Cobb, F rank Schlaack, Will W. Masters,
T heron B. Sm ith, W. B. Harris.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’(8. Sept. 1, ’09.
Loans and discounts.........................
115,551 06
$31,572 78
$51,736 31
$63,220 16
$76,708 63
Bonds, m ortgages an d securities..
5,400 00
17,575 62
23,750 62
25,090 62
27,715 62
53 59
256 60
374 21
2,728 26
3,475 56
3,500 56
3,500 56
3,500 56
10,751 49
5,097 77
12,146 33
11,030 92
9,719 81
U. S. and N ational bank currency.
3,063 00
3,296 00
3,710 00
4,420 00
8,076 00
Gold co in .............................................
590 00
72 50
880 00
400 00
517 50
Silver coin............................................
120 25
598 02
446 00
490 70
589 00
Prem ium s paid on b o n d s...............
O verdrafts............................................
Expenses, interest and taxes p a id .
55
166 42
B anking house....................................
F u rn itu re and fixtures.....................
Other real e state...............................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
22 41
U nited States bonds.........................
Due from banks in reserve cities. .
E xchanges for clearing h o u se .........
Nickels an d c e n ts..............................
14 71
14 50
11 59
175 00
84 24
Checks and cash ite m s ....................
3,040 33
689 95
397 22
• 198 83
583 18
T o tals............................................
$41,335 10
$62,649 85
$96,952 84
$109,120 79
$127,660 96
Liabilities.
Capital stock paid in .......................
$14,623 53
$16,198 53
$20,000 00
$20,000 00
$20,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
95 38
Dividends u n p a id ..............................
Commercial ‘deposits subject to
ch eck .................................................
6,788 07
11,164 71
10,366 88
11,245 81
14,102 31
Commercial certificates of d ep o sit.
9,687 47
21,695 46
38,252 47
42,927 54
48,421 85
10,236 03
13,591 15
28,333 49
34,858 06
45,136 80
$41,335 10
$62,649 85
$96,952 84
$109,126 79
$127,660 96
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ..........
Savings d ep o sits................................
Savings certificates of d eposit........
Notes and bills redisco u nted...........
■Rills p a y a b l e ..................................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
47
STA TE BANKS OF M ICHIGAN.
No. 163.
THE BLISSFIELD STATE BANK, BLISSFIELD.
Organized May 31, 1893.
A. D. E l l i s ,
P r e s id e n t ; W i l l i a m I I o t h p u s s , V ic e P r e s id e n t ;
L. H. R o t h f u s s ,
C a s h ie r .
D ir e c t o r s .— A. D. Ellis, A. D. Gilmore, Geo. F. Ford, H. B. H athaw ay, Wm. R othfuss, Geo. W.
D avenport.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans an d discounts.........................
$114,026 48
$109,139 55
$103,228 13
$88,391 18
$107,974 46
Bonds, m ortgages and securities...
98,286 78
97,985 00
112,050 00
111,060 00
113,585 00
Prem ium s paid on b o nds.................
O verdrafts............................................
52 61
8 61
391 50
140 19
1,246 66
B anking house....................................
5,432 65
5,432 65
5,432 65
5,432 65
5,432 65
F u rn itu re and fixtures.....................
2,317 35
2,317 35
2,317 35
2,317 35
2,317 35
Other real e state ...............................
Due from other banks and bankers
(not reserve cities).......................
2,575 00
2,575 00
2,575 00
2,575 00
2,575 00
51,566 01
27,786 99
24,545 96
51,354 38
27,730 29
Tterns in tra n s it.................................
United States bonds.........................
Due from banks in reserve cities. .
"Rychanges for clearing house.
LT. S. and N ational bank cu rre n cy .
6,025 00
6,733 00
5,931 00
6,974 00
7,252 00
Gold c o in .............................................
5,125 00
5,250 00
5,825 00
5,050 00
5,000 00
Silver co in ...........................................
482 25
645 00
690 00
705 50
814 95
Nickels and c en ts..............................
24 58
49 66
44 47
28 80
42 21
Checks and cash ite m s ....................
248 89
31 44
17 14
261 75
136 92
T o tals............................................
$286,762 60
$257,934 25
$263,048 20
$274,290 80
$274,107 49
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
5,978 02
1,496 63
4,979 54
4,206 39
5,013 06
Surplus fu n d .. .
U ndivided profits, less current ex
penses, interest and taxes p a id ..
Dividends unpaid
Commercial deposits subject to
ch eck .................................................
...............
46,092 16
40,055 73
33,968 51
36,728 74
36,895 50
Savings d ep o sits................................
159,914 50
152,119 51
156,955 03
167,371 58
167,224 85
Savings certificates of deposit. . . .
49,777 92
44,262 38
47,145 12
45,984 09
44,974 08
$257,934 25
$263,048 20
$274,290 80
$274,107 49
Commercial certificates of deposit.
Due to banks and bankers. . .
Pert,i fied ch ec.ks
flash ier\s eh ec.ks outstanding
G uarantee fund
l V o f .e s
5,000 00
and bills discounted .
Bills payable .
T o ta ls............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$286,762 60
STATE BANKING DEPARTMENT.
48
No. 221.
THE JIPSON-CARTER STATE BANK, BLISSFIELD.
Organized March 1, 1900.
W. C. J i p s o n ,
P r e s id e n t ;
C. E. H o w l a n d , J. J. W a l p e r , V ic e P r e s id e n t s ; C h a s . L. K i n g ,
J. G. B a u e r , A s s i s t a n t C a s h ie r .
C a s h ie r ;
D i r e c t o r s .— W. C. Jipson, C. E. Howland, J. C. H olt, H. E. Morrow, J. J. W alper, R. M. Eccles,
C.
L. King, J. G. Bauer, W. H. Burns.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Resources.
Loans and discounts.........................
5136,764 97'
$131,024 84
$126,180 15
$98,400 77
$120,518 96
Bonds, m ortgages and securities. .
263,519 67
289,051 17
318,949 85
355,806 42
356,009 29
Prem ium s paid on b o n d s...............
248 63
1,063 32
514 81
419 42
286 17
O verdrafts............................................
484 79
135 72
838 38
294 46
104 09
Banking house....................................
5,716 31
5,716 31
5,716 31
5,716 31
5,716 31
F urn itu re and fixtures.....................
4,151 39
4,188 14
4,213 14
4,213 14
4,213 14
500 00
1,060 00
1,661 50
O t h e r r e a l est,a,t,e
Due from other banks and bankers
(n o t, r e s e r v e p i ti e s )
Item s in tra n sit..................................
T T nifed S t a t e s b o n d s . .
.
101,080 16
100,121 85
67,390 99
84,826 70
64,522 89
U. S. and N ational b ank currency.
12,129 00
11,574 00
11,460 00
16,045 00
16,350 00
Gold c o in .............................................
12,500 00
12,565 00
14,130 00
8,980 00
9,535 00
Silver coin............................................
1,460 00
1,081 00
1,648 00
1,630 00
881 00
Nickels and c e n ts..............................
115 54
190 09
92 72
95 35
67 3S
Checks and cash ite m s ...................
397 63
75 01
238 60
279 39
786 80
T o tals............................................
$538,568 09
$556,786 45
$551,872 95
$577,766 96
$580,652 53
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$50,000 00
10,000 00
10,000 00
15,000 00
15,000 00
14,718 83
12,226 50
2,653 42
2,262 13
2,490 24
Due from banks in reserve c itie s ..
B x p h a n g e s f o r p io a rin g h o u s e
S u r p lu s f u n d ..
U ndivided profits, less current ex
penses, interest and taxes p a id ..
150 00
D iv id e n d s u n p a id
Commercial deposits subject to
check .................................................
69,935 52
92,705 86
64,499 09
58,575 70
52,053 50
Savings d ep o sits................................
273,384 90
267,935 15
280,891 23
299,641 31
301,196 54
Savings certificates of deposit........
145,528 84
148,918 94
161,679 21
175,287 82
174,912 25
2,000 00
2,000 00
$551,872 95
$577,766 96
Commercial certificates of d ep o sit.
Due to banks and b a n k e rs ..............
C e r ti f ie d
eheeks.
.
C a s h i e r ’s e h e e k s o u t s t a n d i n g .
.
■ R e se rv e d f o r t a x e s a n d i n t e r e s t .
...
N o t e s a n d b i ll s r e d i s e o u n t e d
Bills p a y a b le . . .
T otals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$538,568 09
$556,786 45
$580,652 53
49
STATE BANKS OF MICHIGAN.
No. 436.
THE FARMERS’ STATE BANK OF BRECKENRIDGE, BRECKENRIDGE.
Organized April
21,
1909.
A l e x . C h i s h o l m , P r e s id e n t ; W. H. Z im m e r m a n , B. L. H o d g e , V ic e P r e s id e n t s ; W. L. W e b s t e r , C a s h ie r .
D ir e c t o r s .— Alex. Chisholm, W. H. Zimmerman, B. L. Hodge, A. L. Giles, J. L. Sm ith, E. Arnold.
R obert Donnan.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$8,931 70
Bonds m ortgages and securities. .
8,489 67
Prem ium s paid on b o n d s...............
O verdrafts............................................
Banking house....................................
3,656 07
F urniture and fixtures.....................
2,505 99
Expenses, interest and taxes p a id .
422 26
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
66 60
Item s in tra n sit.................................
U nited S tates bonds.........................
Due from banks in reserve cities. .
2,486 86
Exchanges for clearing h o u se .........
U. S. and N ational bank currency.
1,551 00
Gold c o in .............................................
1,000 00
Silver coin............................................
564 40
Nickels and c e n ts..............................
56 32
Checks and cash ite m s....................
96 35
T o tals............................................
$29,827 22
Liabilities.
Capital stock paid in .......................
$17,558 67
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes paid. .
Dividends u n p a id ..............................
Commercial ‘d eposits subject to
ch eck .................................................
3,614 48
Commercial certificate's of d ep o sit.
Due to banks and b an k ers...............
Certified eheeks..................................
Cashier’s checks o u tstanding..........
Savings d ep o sits................................
1,489 23
Savings certificates of deposit.........
7,164 84
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
7
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
«29,827 22
50
STATE BAN KING D EPA RTM EN T.
No. 187.
FIRST STATE SAVINGS BANK OF BRECKENRIDGE, BRECKINRIDGE.
Organized April 7, 1896.
J a m e s B . C r a w f o r d , P r e s i d e n t ; W . O. W a t s o n , A d a m J o h n s t o n e , V ic e P r e s id e n t s ; A l f . F . C r a w f o r d ;
C a s h ie r ; A l v a B o n e s t e l l , A s s i s t a n t C a s h ie r .
D ir e c t o r s .— Jam es B. Crawford, W. O. W atson, L. W aggoner, Adam Johnstone, John Mitchell, Jr.,
Jam es P. Gibbs, Alf. F. Crawford, Thos. Crawford, Mrs. C. Peterm an.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$61,968 67
$68,572 46
$68,584 98
$75,219 99
$85,157 80
Bonds, m ortgages and securities...
42,109 43
40,809 43
45,053 43
45,003 43
34,703 43
O verdrafts............................................
1,806 52
1,271 87
438 12
383 62
611 47
Banking house....................................
1,219 40
1,219 40
1,219 40
1,219 40
1,219 40
Prem ium s paid on b o n ds.................
F u rn itu re and fixtures.....................
1,500 00
1,500 00
1,500 00
1,500 00
1,500 00
Other real e state...............................
Due from other banks and bankers
(not reserve cities).......................
1,200 00
1,200 00
1,200 00
1,200 00
1,200 00
10,693 50
11,171 52
15,273 75
14,468 16
5,116 46
973 44
128 44
466 50
885 53
128 33
20,575 70
9,827 39
5,575 31
10,270 13
8,032 11
U. S. and N ational b ank currency.
7,711 00
3,675 00
5,670 00
5,310 00
3,381 00
Gold co in .............................................
4,180 00
4,380 00
4,575 00
4,685 00
4,795 00
Silver c o in ...........................................
1,707 15
912 15
2,071 00
1,925 75
782 35
Nickels and c en ts..............................
1Î7 32
182 19
214 33
127 46
151 93
Checks and cash ite m s....................
8 07
413 50
153 33
157 89
269 57
T o ta ls............................................
$155,800 20
$145,263 35
$151,995 15
$162,358 36
$147,048 85
Liabilities.
Capital stock paid in ................. . ..
$16,000 00
$16,000 00
$16,000 00
$16,000 00
$16,000 00
16,000 00
16,000 00
16,000 00
16,000 00
16,000 00
1,767 91
674 70
1,344 76
1,167 67
606 38
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
34,448 98
33,265 02
32,592 30
32,501 56
17,370 01
Commercial certificates of d e p o sit.
51 58
51 58
36 58
30 58
36 58
1,333 50
4,390 98
82,531 73
79,272 05
86,021 51
95,257 05
87,044 90
$145,263 35
$151,995 15
$162,356 36
$147,048 85
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing house. . . .
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings dep o sits................................
Savings certificates of deposit. . . .
Notes and bills d iscounted.............
Bills p a y a b le .......................................
5,000 00
T o tals............................................
$155,800 20
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5,000 00
STATE BANKS OF MICHIGAN.
51
No. 409.
THE FIRST STATE SAYINGS BANK, BRONSON.
Organized May 1, 1908.
R ic h a r d C o w a r d , P r e s id e n t ; J. E. W a t s o n , V ic e P r e s id e n t ; B. P. T a g g a r t , C a s h ie r .
D i r e c t o r s .— C. J. Holmes, R ichard Coward, Joseph E. W atson, Wells K napp, J. F. W erner, C. G.
Babcock, Wm. B. Bushnell, E rnest W. W erner, P. H. Gunsaullus.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’C9
Loans and discounts.......................
$53,170 40
$68,212 74
.$71,911 18
$72,200 61
$91,415 56
Bonds, m ortgages and securities.
35,293 33
61,832 99
66,697 11
75,623 00
81,298 00
Prem ium s paid on b o n d s.............
O verdrafts..........................................
034 79
274 28
529 24
113 39
94 94
Banking house..................................
7,008 86
7,400 36
7,400 36
7,400 36
7,400 36
F u rn itu re and fixtures...................
1,575 23
1,663 48
1.743 98
1,743 98
1,743 98
O ther real estate................................
Due from other banks and bankers
(not reserve cities)................. ..
15,000 00
Item s in tra n sit.................................
U nited S tates bonds.........................
Due from banks in reserve cities. .
40,222 12
44,375 23
43,208 16
38,044 40
20,207 97
Exchanges for clearing h o u se ........
U. S. and N ational bank currency
3,495 00
5,079 00
2,177 00
7,559 00
4,422 00
Gold c o in .............................................
2,910 00
3,405 00
2,817 50
2,930 00
3,120 00
Silver coin............................................
721 15
424 85
279 95
269 15
384 80
Nickels and c e n ts..............................
18 48
49 54
34 90
93 03
44 64
Checks and cash ite m s...................
379 00
479 70
36 62
757 82
843 54
Bills receivable................................. .
189 91
381 03
536 36
Expenses, interest and taxes paid
6 95
T o tals..........................................
$145,685 22
$193,578 20
$197,372 36
1,734 74
$225,975 79
$49,930 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
Liabilities.
Capital stock paid i n . .
300 00
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes paid. .
1,215 48
1,418 15
2,030 76
1,041 04
31,262 31
33,970 77
Dividends u n p a id ..........................
Commercial deposits subject to
ch eck .............................................
25,371 07
47,482 83
37,244 51
Commercial certificates of deposit
32,859 65
17,780 48
3,826 10
Savings d ep o sits..............................
1,721 12
5,282 87
7,938 37
10,283 52
11,442 02
Savings certificates of dep o sit. . . .
35,833 38
71,816 54
91,945 23
110,658 15
126,652 96
5,000 00
2,500 00
2,500 00
$197,372 3«
$90fi,734 74
$225,975 79
Due to banks and b an k ers.............
Certified checks..................................
69 00
Cashier’s checks outstanding..........
S tate monies on d ep o sit.................
Notes and bills rediscounted........
Bills p a y a b le .....................................
Totals.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$145.685 22
$193,578 20
STATE BANKING DEPARTMENT.
52
•
No. 312.
THE CULVER STATE BANK, BROOKLYN.
Organized May 16, 1905.
W. S. C u l v e r ,
P r e s id e n t ;
W. F. P a r k e r ,
V ic e P r e s i d e n t ;
A. E. S h e k e l l ,
C a s h ie r .
D ir e c t o r s .— W. S. Culver, W. F. P arker, Jam es H. Loomis, Je rry W. Pierce, J. G. Palm er, Allen
W. Dunn, Francis M. Richardson, F rank H. Brown, W. J. Neely.
•
R eport of
R eport of
R eport of
R eport of 1
R eport of
Resources.
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$80,007 91
$76,461 80
$78,431 90
$78,312 81
$77,901 00
Bonds, mortgages and securities...
64,101 77
69,091 77
73,376 77
74,016 77
73,435 00
Prem ium s paid on b o n d s.................
O verdrafts.............................................
2,235 15
744 47
438 89
616 67
73 96
Banking house....................................
7,000 00
7,000 00
7,000 00
7,000 00
7,000 00
F u rn itu re and fixtures.....................
1,482 00
1,482 00
1,482 00
1,482 00
1,482 00
12,573 71
Other real e s ta te .. .
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit..................................
U nited States bonds.........................
Due from banks in reserve cities..
16,875 08
13,619 44
15,591 25
13,697 93
E xchanges for clearing h o u s e .. . .
271 27
624 88
902 79
87 47
150 10
U. S. and N ational b ank cu rre n cy .
3,478 00
3,283 00
3,224 00
3,363 00
1,893 00
Gold c o in ......................................... ....
6,610 00
7,467 50
7,047 50
7,160 00
7,619 20
Silver c o in ...........................................
51 00
211 80
79 50
94 55
155 45
Nickels and c e n ts..............................
37 15
68 76
59 45
20 63
36 35
Checks and cash ite m s ....................
875 27
109 30
597 52
78 50
882 99
T o ta ls............................................
$183,024 60
$180,164 72
$188,231 57
$185,930 33
$183,202 76
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
6,000 00
6,000 00
6,000 00
6,000 00
10,000 00
3,377 95
3,739 91
4,815 13
4,876 28
1,043 00
29,113 96
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
Dividends u n p a id ............................
Commercial deposits subject to
ch eck .................................................
40 00
60 00
28,314 96
28,170 26
34,768 58
32,770 63
Savings d ep o sits.................................
21,474 80
24,221 41
29,593 60
28,653 61
30,779 09
Savings certificates of dep o sit. . . .
98,850 89
92,993 14
88,054 26
88,626 91
87,206 71
$183,024 00
$180,104 72
$188,231 57
$185,930 33
$183,202 76
Commercial certificates of d e p o sit.
Due to banks and b a n k e rs.............
Certified checks................................
Cashier’s checks o u tstan d in g ...........
Notes and bills d iscounted .............
Bills p a y a b le .....................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
53
STA TE BANKS OF MICHIGAN.
No. 310.
THE FARMERS’ STATE BANK OF BROOKLYN, BROOKLYN.
Organized April 22, 1905.
E.
J. E n n i s ,
P r e s id e n t ;
H. A. L a d d ,
V ic e P r e s id e n t ;
E. F. H o r n i n g ,
C a s h ie r .
D i r e c t o r s .— E. J. E nnis, H. A. Ladd, T. B. H alladay, Jam es Loomis, C. L. Vaughan, Chas. A tkinson,
J. M. Horning, E. N. Palm er, D. J. Boyce.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans an d discounts.........................
$69,217 53
$65,666 54
$67,255 57
$05,719 61
$65,217 07
Bonds, m ortgages and securities..
53,270 00
61,040 00
65,806 00
65,406 00
65,831 00
91 00
70 64
259 60
178 97
420 85
1,913 00
1,913 00
1,913 00
1,913 00
1,913 00
Prem ium s paid on b o n d s...............
O verdrafts.............................................
■Ranking house....................................
F u rn itu re and fixtures.....................
O ther real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit..................................
*
U nited S tates bonds.........................
Due from banks in reserve citie s..
14,450 83
14,727 85
18,934 45
20,321 92
Exchanges for clearing h o u se.........
362 05
346 40
65 89
915 92
36 18
U. S. and N ational bank c u rre n cy .
2,773 00
3,624 00
3,485 00
4,628 00
3,218 00
Gold c o in .............................................
2,475 00
1,895 00
2,680 00
2,960 00
3,130 00
Silver coin............................................
543 35
1,273 75
718 60
598 70
1,512 75
Nickels an d c e n ts..............................
54 44
103 19
67 50
130 22
115 95
T o tals............................................
*145,150 80
$150,660 37
$161,245 61
$162,772 34
$161,782 58
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
1,000 00
2,000 00
2,000 00
2,000 00
3,033 68
1,044 84
1,902 24
1,608 13
$25,000 00
M
2,000 00
M
2,517.15
20,387 78
Checks and cash ite m s ....................
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
30 00
13,772 39
13,173 60
13,687 43
12,238 49
11,299 47
Savings d ep o sits.................................
59,876 58
67,652 98
71,230 25
72,814 36
72,47 4 7«
Savings certificates of dep o sit........
42,468 15
41,758 95
47,425 69
49,111 36
48,491 20
$145,150 80
$150,660 37
$161,245 61 ' $162,772 34
$161,782,58
Comm ercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstanding...........
N otes and bills red iscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BAN KING D EPA R TM EN T.
54
No. 216.
BROWN CITY SAYINGS BANK, BROWN CITY.
Organized June 9, 1899.
J a m e s L. B e n e d i c t , P r e s id e n t ; J o h n E. C a m p b e l l , V ic e P r e s id e n t ; C h a r l e s N o b l e , C a s h ie r .
D i r e c t o r s .— A. E. Sleeper, J. L. Benedict, Charles Noble, H ugh McNair, D an C. Merrill, J. P. Nigge-
m an, Jr., J. E. Campbell.
Resources.
Loans and discounts.........................
Bonds, m ortgages and securities. .
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, '09.
$116,061 14
$121,359 29
$125,917 17
$130,007 92
$135,790 98
17,680 50
17,130 50
18,745 50
19,345 50
20,954 50
Prem ium s paid on bonds
O verdrafts............................................
549 83
400 64
113 20
179 00
255 53
B anking house....................................
2,200 00
2,200 00
2,200 00
2,200 00
2,200 00
F u rn itu re and fixtures.....................
2,000 00
2,000 00
2,000 00
2,000 00
2,000 00
O ther real e sta te ................................
Due from other banks and bankers
3,700 00
3,700 00
3,700 00
3,700 00
3,700 00
item s in tra n sit.................................
1,375 00
390 00
401 15
710 00
1,003 35
13,962 64
United States bonds
Due from banks in reserve cities. .
16,855 31
11,566 81
16,879 56
19,702 65
Exchanges for clearing h o u se .........
213 00
114 98
427 85
633 05
672 61
TJ. S. and N ational bank currency,
10,038 00
7,360 00
5,731 00
7,700 00
8,341 00
rjold c o in .............................................
3,525 00
3,865 00
2,075 00
2,055 00
2,285 00
Si 1ver c.oi n ............................................
1,006 25
898 70
769 60
741 90
307 95
Mirkcls and c e n ts..............................
261 70
312 38
361 30
349 61
296 83
54 14
25 72
T o ta ls...........................................
$175,484 95
$171,298 30
$179,375 47
$189,350 35
$191,770 39
Liabilities.
Capital stock paid in .......................
$25,000 00
Checks and cash items
19 23
$25,000 00
$25,000 00
$25,000 00
$25,000 00
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes paid. .
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
6,193 27
2,860 93
3,436 25
3,361 06
3,740 54
Dividend^ unpaid
Commercial deposits subject to
ch eck .................................................
20,566 00
17,568 82
. 20,648 65
29,180 45
Commercial certificates of d ep o sit.
76,047 34
77,649 92
82,225 67
83,132 67
26,680 22
•
86,645 51
Diip to banks and ha.nkers
Cashier’s checks o u tstanding..........
866 04
513 78
2,198 49
743 25
432 94
Savings d ep o sits................................
41,812 31
37,704 85
35,896 41
37,932 92
39,271 18
5,000 00
5,000 00
5,000 00
5,000 00
$175,484 93
$171,298 30
$179,375 47
$189,350 35
$191*770 39
Notes and bills rediscounted
Pills p a y a b le .......................................
T o ta ls ......................... ................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKS OF MICHIGAN.
¿5
No. 253.
CITIZENS’ STATE SAVINGS BANK, BROWN CITY.
Organized January 8, 1902.
J o h n J. K
e a r n s , P r e s id e n t ;
L. H . H o w .s e , V ic e P r e s id e n t ; D t jn c a n A . M c K
H u g h M c L e o d , A s s i s t a n t C a s h ie r .
e it h , C a s h ie r ;
D ir e c t o r s .—John J. Kearns, H ugh McPhee, L. H. Howse, J. W. Weed, Daniel W ebster, H arvey
T appan, D. A. M cKeith, H ugh McLeod.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$132,737 26
$145,530 68
$142,938 11
$148,444 34
$150,209 30
Bonds, m ortgages and se c u ritie s..
61,025 05
64,300 05
58,111 20
57,461 20
58,904 20
Prem ium s paid on b o n d s...............
O verdrafts............................................
296 59
330 49
245 83
59 72
B anking house....................................
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
F u rn itu re and fixtures.....................
1,850 00
1,850 00
1,850 00
1,850 00
1,850 00
680 26
621 27
339 90
636 84
680 58
21,655 71
33,717 15
33,909 66
15,310 38
17,704 71
287 52
140 09
875 20
O ther real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing house.........
U. S. and N ational bank cu rren cy .
14,778 00
8,630 00
11,550 00
15,162 00
9,726 00
Gold co in .............................................
2,015 00
1,955 00
2,515 00
3,945 00
4,030 00
Silver coin............................................
295 50
948 75-
425 70
233 65
685 80
Nickels and c e n ts..............................
107 50
242 63
263 97
218 42
101 46
Checks and cash ite m s....................
. 17 76
776 39
T o tals.................................
$240,458 63
$263,571 92
$257,521 55
$248,647 75
$249,826 97
Liabilities.
C apital stock paid in .......................
$25,000 00
. $25,000 00
$25,000 00
$25,300 00
$25,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
4,991 94
3,953 35
5,011 23
3,738 39
3,753 08
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck ...........................................
16,324 42
36,615 76
37,027 68
29,771 38
25,207 35
Commercial certificates of dep o sit.
67,997 24
75,806 47
77,119 90
73,500 00
79,895 00
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstanding..........
658 71
75 04
391 64
386 65
171 84
Savings deposits . ............................
85,212 21
85,435 22
75,036 77
81,972 37
85.899 51
Savings certificates of deposit........
35,274 11
31,686 08
32,934 33
29,278 96
24.900 19
$240,458 63
$263,571 92
$257,521 55
$248,647 75
$249,826 97
Notes an d bills rediscounted...........
Bills p a y a b le .......................................
T o tals.................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BAN KING D EPA R TM EN T.
56
No. 212.
THE BURR OAK STATE BANK, BURR OAK.
Organized December 21, 1898.
H. P. M o w r y ,
P r e s id e n t ;
J. E. W a t s o n , V ic e P r e s id e n t ; S. H. H o g l e ,
A. R. F e r r i s , T e lle r;
C a s h ie r .
D ir e c t o r s — H . P . Mowry, J. S. Shennem an, C. J. Holmes, M. F . Sm ith, Wm. Mallow, J. E. W atson,
S. H. Hogle.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09
Loans and d iscounts.. •..................
$37,151 86
$43,185 39
$46,857 57
$46,506 53
$45,093 88
Bonds, m ortgages and securities. .
49,531 50
43,324 00
45,079 00
47,174 00
48,949 00
142 55
4 00
44 88
388 83
Banking house....................................
3,300 00
3,300 00
3,300 00
3,300 00
3,300 00
F u rn itu re and fixtures.....................
1,900 00
1,900 00
1,900 00
1,900 00
1,900 00
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
3,200 00
3,200 00
3,200 00
3,200 00
5,000 00
5,000 00
5,000 00
5,€00 00
O v e r d r a f t s ..........................................................
5,000 00
U nited States bonds.........................
500 00
500 00
500 00
500 00
500 00
Due from banks in reserve cities. .
26,777 63
13,028 87
11,490 14
16,705 75
14,439 21
3,615 00
6,964 00
5,528 00
4,414 00
5,766 00
1,560 00
1,630 00
1,725 00
656 35
579 15
565 45
126 22
120 62
Exchanges for clearing b o u se.........
U. S. and N ational bank currency.
Gold co in .............................................
Silver coin............................................
2 600 00
783 55
1,655 00
475 75
93 51
90 25
109 77
52 60
292 41
249 75
T o tals............................................
$134,505 65
$123,058 22
$125,434 58
$131,080 53
$127,848 54
Liabilities.
Capital stock paid in .......................
$15,000 00
.$15,000 00
$15,000 00
$15,000 00
$15,000 00
2,000 00
2,200 00
2,200 00
2,200 00
3,000 00
3,324 66
2,188 99
2,612 89
3,041 45
2,373 93
15,605 40
12,066 33
13,407 22
11,285 35
12,110 33
98,575 59
91,602 90
92,214 47
99,553 73
95,364 28
$134,505 65
$123,058 22
$125,434 58
$131,080 53
$127,848 54
Nickels and c e n ts..............................
Checks and cash ite m s ...................
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p aid . .
Commercial ‘d eposits subject to
check .................................................
100 55
Commercial certificates of d ep o sit.
Savings certificates of d eposit........
T o tals..........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
57
STA TE BANKS OF M ICHIGAN.
No. 313.
STATE BANK OF BYRON, BYRON.
Organized June 7, 1905.
L. C. K a n o t js e ,
P r e s id e n t;
Wm . H a r p e r ,
V ic e P r e s id e n t ;
J. L. V a n A l s t y n e ,
C a s h ie r .
D i r e c t o r s .— L. C. Kanouse, C. A. Fritz, John Graham , F. J. Northw ay, Wm. H arper, Seward Chaffee,
Orlando Lee, F. S. Ruggles, L. Loucks.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
«57,058 03
«58,724 96
«50,807 43
«50,845 40
«53,491 54
Bonds, m ortgages and securities...
49,946 60
50,890 60
54,788 65
61,303 65
77,467 00
136 66
55 44
O verdrafts............................................
502 92
145 56
751 64
612 86
62 88
Banking house....................................
2,000 00
2,000 00
2,000 00
2,000 00
2,000 00
F u rn itu re and fixtures.....................
1,525 00
1,525 00
1,525 00
1,525 00
1 525 00
10,000 00
10,000 00
5,168 86
Due from other banks and bankers
(not reserve cities).......................
706 15
8,000 00
2,601 01
1,686 65
Due from banks in reserve cities..
23,200 29
29,776 33
39,843 10
32,447 66
16,602 85
TJ. S. and N ational bank currency.
5,282 00
4,958 00
7,000 00
5,652 00
4,948 00
Gold co in .............................................
3,045 00
3,030 00
3,780 00
3,965 00
4,050 00
Silver co in ...........................................
1,225 00
1,100 00
600 00
950 00
900 00
31 30
15 97
14 32
5 06
Nickels and c e n ts..............................
982 40
Checks and cash ite m s....................
119 67
31 42
14 00
15 00
3,318 10
T o tals............................................
«147,211 67
«161,905 82
«171,125 79
$170,449 95
«169,594 73
Liabilities.
Capital stock paid in .......................
«20,000 00
«20,000 00
«20,000 00
«20,000 00
«20,000 00
2,500 00
3,000 00
3,000 00
3,000 00
3,150 00
1,215 79
252 08
1,120 31
1,172 50
227 02
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
Commercial deposits subject to
ch eck .................................................
9,423 25
18,246 80
16,587 80
12,488 57
20,627 12
Commercial certificates of d ep o sit.
52,555 37
55,729 34
63,831 38
54,494 47
39,226 20
64,677 60
66,586 30
79,294 41
80,364 39
«161,905 82
«171,125 79
«170,449 95
«169,594 73
V
Savings certificates of deposit. . . .
T otals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
61,517 26
«147,211 67 j
STATE BAN KING D EPA R TM EN T.
58
No. 181.
THE CADILLAC STATE BANK, CADILLAC.
Organized October 30, 1895.
A. W. N e w a r k ,
P r e s id e n t ;
S. W. K r a m e r ,
V ic e P r e s id e n t ; H e n r y K n o w l t o n , C a s h ie r .
D ir e c t o r s .— F. J. Cobbs, S. W. K ram er, W. W. Mitchell, Fred A. Diggins, Joseph Murphy, Fred L.
Reed, Geo. F. Williams, A. W. Newark, D. B. Kelley, C. T. Mitchell, H enry Knowlton.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09 Sept. 1, ’09.
Loans and discounts.........................
$475,552 47
$475,078 63
$498,872 18
$541,778 06
$541,775 51
Bonds, m ortgages and se cu rities...
331,440 25
297,368 61
281,332 17
287,566 17
277,009 79
P re m iu m s
paid on b o n d s.................
O verdrafts............................................
3,587 24
2,447 59
649 13
1,454 53
1,690 36
Banking house....................................
18,000 00
17,500 00
17,500 00
17,500 00
17,500 00
F urniture and fixtures.....................
2,000 00
2,000 00
2,000 00
2,000 00
2,000 00
O ther real e state...............................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
12 47
116 71
68 90
10 00
U nited States bonds.........................
20,000 00
20,000 00
20,000 00
20,000 00
20,000 00
Due from banks in reserve cities..
102,137 34
79,504 80
136,258 08
102,718 58
131,360 83
Exchanges for clearing h o u s e ....
U. S. and N ational b ank currency.
10,394 00
11,158 00
10,434 00
11,730 00
9,971 00
Gold c o in .............................................
43,805 00
43,150 00
41,290 00
49,760 00
49,065 00
Silver c o in ...........................................
1,515 50
2,041 00
2,112 60
828 00
1,628 60
Nickels and c e n ts...............%............
248 96
482 69
459 38
436 10
621 34
Checks and cash ite m s...................
1,320 51
1,299 54
478 41
627 52
822 64
$952,147 57 $1,011,385 95 $1,036,467 86
$1,053,455 07
T o tals............................................ $1,010,013 74
Liabilities.
Capital stock paid in .......................
$100,000 00
$100,000 00
$100,000 00
$100,000 00
$100,000 00
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
4,628 47
1,288 54
3,882 41
1,508 86
6,504 71
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
30 00
19,800 00
1,716 00
60 00
3,090 00
346,621 32
283,772 23
342,782 57
367,612 57
385,221 30
Commercial certificates of d ep o sit.
8 71
8 71
8 71
8 71
8 71
Due to banks and b an k ers...............
3,437 31
18,251 22
5,526 68
6,369 42
4,733 03
Savings d ep o sits................................
216,738 93
213,183 62
218,086 65
219,242 46
203,974 17
Savings certificates of deposit. . . .
313,549 00
290,843 25
314,382 93
316,665 84
324,923 15
$952,147 57 $1,011,385 95 J$1,036,467 86
$1,053,455 07
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Notes and bills rediscounted........
Bills p a y a b le .......................................
T o tals............................................ $1,010,013 74
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
59
STA TE BANKS OF M ICHIGAN.
No. 261.
PEOPLE’S SAVINGS BANK OF CADILLAC, MICHIGAN.
Organized June 17, 1902.
E . J. H a y n e s , P r e s id e n t ; H
enry
B a l l o u , V ic e P r e s i d e n t : G e o i w e C h a p m a n , C a s h ie r .
D i r e c t o r ' — E J. Haynes, H enry Ballou, Samuel H. M erritt, Orange W ebster, Jam es English, Chas.
H. Drury, John P. Wilcox, Jam es M ather, George Chapman.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
L ords a,nd discounts*.......................
$201,530 37
$223,423 89
$233,652 65
$235,731 24
$217,235 09
Bonds, mortgages and se cu rities...
175,260 08
175,849 18
178,895 23
189,500 73
196,260 70
O verdrafts............................................
268 00
613 03
1,062 01
293 57
95 13
Banking house....................................
37,200 00
37,000 00
37,000 00
37,000 00
37,000 00
F urniture and fixtures.....................
2,000 00
2,000 00
2,000 00
2,000 00
2,000 00
5,119 40
2,936 41
535 00
58,507 62
51,001 63
81,173 31
78,399 56
71,897 50
O th^r rea.l estate
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States b o n d s...
Due from banks in reserve cities..
570 97
Exchanges for clearing house . .
734 17
864 79
U. S. and N ational bank currency .
6,904 00
7,881 00
18,013 00
11,192 00
16,625 00
Gold c o in .............................................
12,220 00
12,077 50
18,230 00
20,230 00
21,070 00
Silver c o in ...........................................
1,923 45
1,802 55
4,088 80
3,250 15
3,426 85
Nickels and c e n ts..............................
253 03
216 87
231 44
264 10
184 76
Checks and cash ite m s ....................
1,472 42
791 78
578 17
582 79
513 99
T o tals............................................
$502,658 37
$516,194 81
$575,459 61
$579,178 31
$567,173 81
Liabilities.
Capital stock paid in .......................
$75,000 00
$75,000 00
$75,000 00
$75,000 00
$75,000 00
15,000 00
15,000 00
15,000 00
15,000 00
20,000 00
1,992 98
3,849 27
4,118 84
3,960 41
2,563 16
171 00
90 00
144,843 22
164,454 93
156,266 08
138,622 05
128,040 59
Savings d ep o sits................................
126,628 83
133,032 42
153,901 81
166,*465 72
163,613 29
Savings certificates of deposit
129,193 34
124,687 19
171,082 88
180,130 13
177,704 77
$516,194 81 j $575,459 61
$579,178 31
$567,173 81
Surplus fu n d .................... : ................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Dividends unpaid
Commercial deposits subject to
ch eck .................................................
252 00
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Notes an d bills discounted.............
10,000 00
Bills p a v a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$502,658 37
60
STA TE BANKING D EPA R TM EN T.
No. 291.
THE STATE BANK OF CALEDONIA, CALEDONIA, MICHIGAN.
Organized June 11, 1904.
C h a r l e s R i c e , P r e s id e n t ; J o h n T. S m i t h , J o h n R . P r o c t o r . V ic e P r e s id e n t s ; J o h n T. S m i t h , C a s h i e r ;
J . C l i f f o r d P r o c t o 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 .— Charles Rice, Isaac G. Wenger, John T. Sm ith, John R . Proctor, Seth Gray, A. T. Slaght.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09 June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$72,687 63
$80,022 72
$83,990 93
$91,241 92
$92,405 68
Bonds, m ortgages and securities...
79,386 85
79,251 85
78,201 85
79,851 85
78,711 85
1,127 09
839 04
1,444 34
336 55
725 23
700 00
700 00
700 00
700 00
700 00
16,171 64
21,608 74
16,577 41
22,881 96
17,973 62
Prem ium s paid on b o n d s.................
O verdrafts............................................
Banking house....................................
F u rn itu re and fixtures.....................
Other real e state...............................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing house. . . .
U. S. and National bank currency.
6,634 00
4,232 00
5,450 00
6,968 00
5,648 00
Gold c o in .............................................
2,135 00
2,660 00
1,775 00
1,920 00
2,010 00
Silver c o in .........................................
722 15
986 75
1,274 75
1,176 35
1,662 79
Nickels and c e n ts..............................
41 78
26 24
57 17
43 50
122 65
Checks and cash ite m s....................
4 00
5 00
3 50
T o tals............................................
$179,610 14
$190,332 34
$189,474 95
$205,120 13
$199,969 73
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
1,750 00
2,000 00
10 00
$20,000 00
$20,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
1,550 00
1,750 00
1,750 00
2,013 55
734 10
2,523 40
2,884 44
1,059 67
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
17,614 10
17,728 20
18,023 37
21,202 09
23,123 48
•
Commercial certificates of d ep o sit.
187 00
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings dep o sits. . .*..........................
49,844 97
56,647 28
56,154 18
59,533 10
59,644 54
Savings certificates of d eposit. . . .
88,587 52
93,472 76
91,024 00
99,750 50
93,955 04
$179,610 14
$190,332 34
$189,474 95
$205,120 13
$199,969 73
Notes and bills rediscounted........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
61
STA TE BANKS OF M ICHIGAN.
No. 336.
CALUMET STATE BANK, CALUMET.
Organized April 23, 1906.
T h o m a s H o a t s o n , P r e s id e n t ; E d w a r d U l s e t h , J o s . W. S e l d e n , V ic e P r e s id e n t s ;
F r a n k J. K o h i .h a a s , C a s h ie r ; W a l t e r E d w a r d s , 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 Hoatson, Charles A. Anderson, W. C. Kinsm an. J. W. Selden, W. J. Uren,
E dw ard TJlseth, Joseph Vertin, Thomas H. Collins. Joseph Bosch, A. G. MacLeod, C. J. Morrison.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans an d discounts.........................
$315,064 28
$312,491 44
$340,093 23
$357,571 52
$351,505 10
Bonds, m ortgages and se c u ritie s..
45,616 78
49,655 03
51,323 91
65,912 91
66,530 17
Prem ium s paid on b o n d s...............
O verdrafts............................................
540 88
83 69
123 02
273 46
140 25
Banking h o u se ...................................
51,044 81
51,044 81
51,044 81
51,044 81
51,044 81
8,733 71
8,733 71
8,733 71
7,284 37
2,211 08
F u rn itu re and fixtures.....................
8,734 71
8,734 71
Other real estate
Due from other banks and bankers
(not reserve cities).......................
1,416 75
988 64
1,824 86
Item s in tra n sit.................................
1,596 43
182 87
3,614 87
104,857 16
141,391 37
93,598 50
82,358 23
717 49
U nited S tates bonds.........................
Due from banks in reserve cities. .
42,799 44
Exchanges for clearing h o u se .........
2,262 63
U. S. and N ational bank c u rre n cy .
35,698 00
37,438 00
62,186 00
53,134 00
55,461 00
Gold c o in .......................................
1,787 50
4,175 00
7,595 00
9,397 50
10,032 50
Silver coin............................................
2,249 26
2,053 62
2,987 50
2,489 00
2,545 49
Nickels and c e n ts..............................
245 00
165 00
455 09
105 01
285 00
1,624 88
8,597 34
3,334 15
2,035 68
Checks and cash ite m s....................
T o tals............................................
$509,056 47
$573,494 85
$679,970 71
$652,878 94
$633,600 51
Liabilities.
Capital stock paid in .......................
$100,000 00
$100,000 00
$100,000 00
$100,000 00
$100,000 00
17,548 66
21,133 29
24,812 30
25,113 57
28,129 96
Commercial deposits subject to
ch eck .................................................
266,643 11
300,231 06
396,290 91
373,736 35
333,049 28
Commercial certificates of d ep o sit.
7,492 65
2 65
Due to banks and b an k ers...............
117 32
Surplus fund.. .
Undivided profits, less current ex
penses, interest and taxes p a i d ..
D iv id e n d s u n p a id
15 00
Certified checks..................................
Cashier’s checks o utstanding...........
250 25
1,006 29
1,172 08
170 33
1,588 72
Savings d ep o sits................................
113,504 48
102,102 29
106,263 83
103,377 10
111,223 48
Savings certificates of d ep o sit........
3,500 00
49,019 27
51,431 59
50,481 59
59,594 07
$509,056 47
$573,494 85
$679,970 71
$652,878 94
$633,600 51
Notes and bills rediseounted
Rills payable
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
62
No. 87.
THE MERCHANTS’ AND MINERS’ BANK, CALUMET.
Organized August 7, 1873,
Corporate existence extended December 4, 1902.
C h a r l e s B r i g g s , P r e s id e n t ; P e t e r R u p p e , F i r s t V ic e P r e s id e n t ; W m . B . A n d e r s o n , S e c o n d V ic e
P r e s id e n t a n d M a n a g e r ; S t e p h e n P a u l l , C a s h ie r ; J . D. J a m e s , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— Charles Briggs, Will A. Childs, P eter Ruppe, Paul P. Roehm, E. M. Lieblein, Jam es
Hoatson, Jam es Chynoweth, John Danieli, Fred Sm ith, W. B. Anderson, Gordon R. Campbell,
Charles O. Jackola.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts......................... 11,223,425 73 $1,221,810 05 $1,274,956 44 $1,297,242 18
Bonds, m ortgages and securities..
$1,292,600 03
149,298 13
158,316 33
155,473 63
124,277 00
131,114 43
987 83
135 33
109 39
393 13
386 29
7,000 00
Prem ium s paid on b o n d s...............
O verdrafts............................................
B anking house....................................
F urn itu re and fixtures.....................
7,500 00
7,000 00
7,000 00
7,000 00
Other real estate...............................
Due from other banks and bankers
(not reserve cities).......................
12,557 78
10,969 06
8,544 06
8,544 06
8,544 06
221 03
4,001 13
40,810 52
29,810 81
46,286 83
Item s in tra n sit.................................
4,110 50
227 00
4,047 46
676 63
1,021 69
568,458 01
1,115,264 08
601,678 44
783,657 21
893,262 32
U. S. and N ational b ank currency .
147,635 00
161,407 00
140,466 00
112,427 00
129,410 00
Gold co in ............... .............................
72,235 00
71,510 00
71,515 00
71,880 00
73,430 00
Silver coin............................................
7,995 25
11,585 30
5,271 20
3,689 20
7,771 85
Nickels and c e n ts..............................
799 97
849 08
1,039 04
783 92
492 90
Checks and cash ite m s ....................
24,206 71
6,888 74
1,984 26
6,730 79
12,870 98
T o tals............................................ 12,219,430 94 $2,769,963 10 $2,312,895 44 $2,447,111 93
$2,604,191 38
U nited States bonds.........................
Due from banks in reserve c itie s ..
Exchanges for clearing h o u se .........
Liabilities.
Capital stock paid in .......................
$150,000 00
$150,000 00
$150,000 00
$150,000 00
$150,000 00
Surplus fu n d .......................................
Undivided profits, less current expenses, interest and taxes p a id . .
150,000 00
150,000 00
150,000 00
150,000 00
150,000 00
41,821 05
39,427 38
53,266 86
57,358 66
53,849 77
Dividends u n p a id ..............................
Commercial deposits subject to
c h e c k .................................................
70 00
434 00
98 00
98 00
120 00
702,675 37
1,231,193 74
748,792 53
910,549 25
2,045,621 65
Commercial certificates of d ep o sit.
2,886 13
2,685 13
5,522 63
2,685 13
191,810 16
Due to banks and b an k ers...............
7,374 43
7,390 67
6,613 67
6,126 56
6,273 95
6,350 85
165 00
19 10
Certified checks..................................
Cashier’s checks outstan ding...........
3,136 78
7,904 09
7,485 55
13,049 56
Savings dep o sits................................
1 130 239 59
1,055,585 63
1,046,891 02
1,004,350 16
Savings certificates of d eposit........
31,227 59
125,323 36
144,225 18
152,894 61
Notes and bills rediscounted..........
Bills p a y a b le .......................................
T o tals............................................ $2,219,430 94 $2,769,963 10 $2,312,895 44 $2,447,111 93
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,604,191 38
STATE BANKS OF MICHIGAN.
63
No. 320.
THE FIRST STATE BANK OF CAMDEN, CAMDEN.
Organized August 24, 1905.
C. B . A l w a e d ,
P r e s id e n t : W . S .
B l a i r , V ic e P r e s id e n t ; B . R . A l w a e d , C a s h ie r ;
A . K . S i m p 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 .— C. B. Alward, W. S. Blair, Jam es A. Bates, Jam es McCallum, B. R. Alward.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, 09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$50,219 80
$51,825 72
$43,876 05
$50,905 21
$51,521 09
Bonds, m ortgages and se cu rities...
46,356 59
46,725 28
49,402 37
49,942 61
50,490 29
232 68
38 50
373 41
564 40
526 48
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,002 61
180 99
598 38
89 51
50 70
12,747 99
8,658 47
12,058 30
Prem ium s paid on b o n d s.................
O verdrafts............................................
B anking house....................................
F u rn itu re and fixtures.....................
Other real e sta te ...............................
Due from o th er banks and bankers
(not reserve cities).......................
V
Item s in tra n sit.................................
United S tates bonds.........................
Due from banks in reserve c itie s ..
12,287 80
6,665 04
Exchanges for clearing house. . . .
74 80
...............
U. S. and N ational bank cu rren cy .
2,929 00
5,123 00
3,058 00
5,377 00
7,558 OO
Gold c o in .............................................
1,005 00
1,050 00
1,257 50
1,577 50
700 OO
Silver co in ...........................................
425 55
516 30
303 10
646 10
784 60
Nickels and c e n ts..............................
37 59
50 80
103 46
90 79
167 71
164 96
388 50
651 70
Checks and cash ite m s....................
T o tals............................................
$115,571 42
$113,175 63
$112,885 22
$119,240 09
$125,508 87
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
1,678 73
599 13
1,091 21
899 13
1,262 61
9,923 12
10,271 18
9,313 85
9,793 42
11,291 74
78,969 57
77,305 32
77,480 16
83,547 54
87,954 52
$113,175 63 J $112,885 22
$119,240 09
$125,508187
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
Commercial certificates of d e p o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ..........
Savings d ep o sits................................
Savings certificates of d ep o sit. . . .
Notes and bills rediscounted..........
Bills p a y a b le .......................................
T o ta ls .......................................... 1 $115,57142
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BAN KING D EPA R TM EN T.
64
No. 208.
THE CAPAC SAVINGS BANK, CAPAC.
Organized September 8, 1898.
F. T. M o o r e ,
P r e s id e n t ; W a l t e r S h e a r s m i t h , V ic e P r e s id e n t ; F r a n k B u r 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 .— F. T. Moore, W alter Shearsm ith, H. B. Hitchings, S. H. Moore, F rank B urt.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, ’09.
Loans an d discounts.........................
$79,469 87
$78,393 42
$82,711 81
$85,240 00
$98,919 16
Bonds, m ortgages an d securities...
44,317 33
43,820 83
46,596 13
46,265 88
42,945 88
218 76
45 82
353 96
823 13
248 64
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
2,231 89
1,550 72
1,066 33
4,401 52
2,339 01
14,959 26
10,798 52
13,839 23
13,840 06
18,288 40
Prem ium s paid on b o n d s.................
O verdrafts............................................
■Ranking house
F u rn itu re and fix tu re s.. . ...............
Other real e sta te ...............................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited S tates bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing house. . ..
U. S. and N ational bank cu rren cy .
2,624 00
4,285 00
4,993 00
5,683 00
4,274 00
Gold c o in .............................................
1,560 00
2,255 00
1,097 50
350 00
1,052 50
Silver c o in ...........................................
476 70
326 50
231 15
385 10
412 70
Nickels and c e n ts...........
101 31
93 03
92 19
16 86
26 51
Checks and cash ite m s ...................
524 73
265 06
407 50
383 54
94 28
T o tals............................................
$147,483 85
$142,833 90
$152,388 80
$158,389 09
$169,601 08
Liabilities.
C apital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
1,800 00
1,800 00
1,800 00
1,800 00
1,800 00
3,356 85
877 45
2,890 68
3,716 90
2,202 72
11,958 20
7,818 49
10,933 50
12,450 83
12,109 09
87,182 58
88,131 48
91,978 05
93,314 18
98,303 79
24,786 57
27,107 18
2 7 ,6 8 5 48
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
D i v i d e n d s u n p a i d .......................................
Commercial deposits subject to
ch eck .................................................
Commercial certificates of d ep o sit.
Rue to hanks and hankers. . .
Oerti tied oheeks.
‘C ashier’s checks outstanding
Savings dep o sits................................
Savings certificates of dep o sit. . . .
23,186 22
24,206 48
7,500 00
S tate monies on d ep o sit.
Notes and hills rediscounted
R ills p a y a b le
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$147,483 85
$142,833 90
$152,388 80
$158,389 09
$169,601 08
STATE BANKS OF MICHIGAN.
65
No. 303.
STATE SAYINGS BANK OF CARLETON, CARLETON.
Organized December 1, 1904.
J a c o b J. L u c k e , P r e s id e n t ; J u l u s E . K a h lb a x jm , V ic e P r e s id e n t ; H a r r y S. G e r m a n , C a s h ie r .
D i r e c t o r s .— Jacob J. Lucke, C. L. Edwards, J. E. K ahlbaum , E. C. Maxwell, J. E. Ready,
H. S. German.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
168,117 61
$61,118 44
$62,263 67
$62,156 31
$70,506 30
Bonds, m ortgages and se cu rities...
53,062 00
53,505 00
57,705 00
61,955 00
63,505 00
Banking house....................................
5.000 00
5.000 00
5.000 00
5.000 00
5.000 00
F u rn itu re and fixtures.....................
1.000 00
1.000 00
1.000 00
1.000 00
1.000 00
O ther real e state...............................
Due from other banks and bankers
(not reserve cities).......................
5,000 00
2,864 40
5,165 60
5,417 20
Item s in tra n sit.................................
51 73
P
Prem ium s paid on b o nds.................
O verdrafts............................................
399 75
U nited S tates bonds.........................
Due from banks in reserve cities. . * 14,387 35
14,388 35
12,130 30
17,328 08
12,660 58
Exchanges for clearing h o u s e .. . .
U. S. and N ational bank cu rren cy .
4,644 00
3,589 00
4,457 00
8,447 00
5,381 00
Gold c o in .............................................
2,880 00
2,675 00
2,415 00
2,080 00
2,965 00
Silver c o in ...........................................
* 380 00
830 00
765 00
840 00
305 00
Nickels and c e n ts.............................
12 07
20 38
23 71
64 02
49 98
Checks and cash ite m s ....................
1,054 58
902 40
234 85
878 73
1,079 46
T otals............................................
$150,537 61
$148,080 30
$148,858 93
$164,914 74
$168,269 27
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
1,500 00
1,400 00
1,700 00
1,700 00
2,000 00
2,526 35
2,698 70
2,849 40
3,689 01
3,147 71
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
19,528 63
24,383 79
25,619 06
31,884 13
31,186 39
Savings d ep o sits................................
93,393 96
88,712 78
89,797 32
98,736 77
104,489 52
Savings certificates of deposit
13,588 67
10,885 03
8,893 15
8,904 83
7,445 65
$150,537 61
$148,080 30
$148,858 93
$164,914 74
$168,269 27
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Notes and bills rediscounted..........
Bills p a y ab le.......................................
T o tals............................................
9
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKING D EPA RTM EN T.
66
No. 287.
THE COMMERCIAL SAVINGS BANK OF CARO, MICHIGAN.
Organized May 14, 1904.
J o h n F S e e l e y , P r e s id e n t ; S h e r m a n F. C h a s e , V ic e P r e s id e n t ; L e w i s G. S e e l e y , C a s h ie r ;
J o h n M. G r e e n 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 .— John F. Seeley, Sherm an F. Chase, Lewis G. Seeley, G rant H. Slocum, William A. Forbes.
Resources.
T,na/ns and discounts.........................
Bonds, m ortgages and securities..
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
$107,090 25
76,228 50
$106,742 08
$111,835 24
$116,961 86
$127,485 11
74,633 50
78,388 50
71,818 50
68,836 00
Prem ium s paid on b o n d s...............
O verdrafts............................................
175 86
194 89
286 59
1,221 37
655 SO
Banking house....................................
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
F urniture a,nd fixtures.....................
2,300 00
2,300 00
2,300 00
2,300 00
2,300 00
18,403 91
Other real estate
...................
Due from other banks and bankers
(not reserve pities')
Tfern s i n tra n sit.................................
U nited States b o n d s ... ...............
Due from banks in reserve cities..
27,111 90
45,095 95
20,702 44
20,703 65
Exchanges for clearing h o u se ........
1,071 12
296 89
435 94
302 64
441 48
U. S. and N ational bank currency
10,213 00
6,357 00
6,461 00
9,455 00
7,912 00
Gold c o in ...........................................
2,480 00
3,010 00
2,642 50
2,532 50
2,552 50
Silver coin..........................................
778 50
862 00
1,025 00
1,086 25
938 75
Nickels and c e n ts............................
320 12
368 35
383 13
316 59
103 58
Checks and cash ite m s .................
560 19
20L23
493 34
452 13
267 83
8238,329 44
$250,061 89
$234,953 68
$237,150 49
$239,996 96
$35,000 00
$35,000 00
$35,000 00
$35,000 00
$35,000 00
5,000 00
5,500 00
5,500 00
5,500 00
6,000 00
3,673 52
3,270 33
5,310 04
5,682 13
3,180 51
Dividends u n p a id .........................
Commercial deposits subject to
ch eck ............................................
44,916 09
53,774 33
39,657 80
39,348 41
30,954 66
Commercial certificates of deposit
9,937 50
9,799 70
6,473 25
3,077 20
5,755 50
Totals.
Liabilities
Capital stock paid in.
Surplus
■plui fund
Undivided profits, less current ex
penses, interest and taxes paid
Due to banks and b an k ers.............
Certified checks................................
Cashier’s checks o u tstanding........
Savings d ep o sits..............................
32,552 20
33,225 72
35,674 94
35,842 68
38,900 77
Savings certificates of d ep o sit. . . .
107,250 13
109,491 81
107,337 65
112,700 07
120,205 52
$238,329 44
$250,061 89
$234,953 68
$237,150 49
$239,996 96
Notes and bills rediscounted.........
Bills p a y a b le ............. i ....................
Totals.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
G7
No. 286.
THE STATE SAVINGS BANK OF CARO, MICHIGAN.
Organized April 27, 1904.
T. W. A t w o o d ,
P r e s id e n t ; G. H. S l o c u m , R. B . M c N a i r , H e n r y P a r k e r , V ic e P r e s id e n t s ;
C a s h ie r ; L ouis W e a n , A s s i s t a n t C a s h ie r ; T. C. Q u i n n , A u d ito r .
J. M. E a l y ,
D i r e c t o r s .— T. W. Atwood, G. H. Slocum, R. B. McNair, J. M. E aly, H enry Parker, T. C. Quinn,
J. McNair Ealy.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
•1153,840 88
$154,890 20
$183,306 62
$181,966 53
$187,553 59
Bonds, m ortgages and securities. .
190,193 01
184,756 51
193,670 01
197,659 51
198,535 51
Prem ium s paid on b o n d s...............
O verdrafts............................................
854 39
505 60
1,305 74
873 18
1,203 28
Banking house....................................
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
F u rn itu re and fixtures.....................
2,700 00
2,700 00
2,700 00
2,700 00
2,700 00
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
-
Item s in tra n sit.................................
U nited S tates bonds.........................
50,559 31
82,780 75
32,857 01
24,471 48
35,468 84
U. S. and N ational bank cu rren cy .
17,921 00
19,039 00
16,302 00
17,674 00
17,010 00
Gold co in .............................................
5,190 00
5,320 00
6,525 00
6,105 00
6,020 00
Silver coin............................................
505 75
963 80
1,303 70
1,512 05
916 50
Nickels and c e n ts..............................
255 22
275 72
242 91
240 90
242 04
Due from banks in reserve cities..
Exchanges for clearing h o u se .........
2,223 75
Checks and cash ite m s...................
1,903 91
2,209 29
223 76
2,358 36
455 50
T o tals............................................
$433,929 47
$463,440 87
$448,436 75
$445,561 01
$462,329 01
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
11,720 51
8,522 20
13,531 19
13,992 40
9,440 46
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
50 00
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
155,087 92
158,099 51
126,611 83
120,772 69
126,820 46
Commercial certificates of d e p o sit.
7,458 73
6,126 89
7,956 06
4,532 72
23,037 49
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o utstanding..........
Savings d eposits................................
22,349 73
28,637 77
35,475 89
36,011 26
38,331 67
Savings certificates of deposit........
177,312 58
202,004 50
204,861 78
194,251 94
194,698 93
10,000 00
10,000 00
$445,561 01
$462,329 01
S tate monies on d ep o sit.................
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$433,929 47
$463,440 87
$448,430 75
STA TE BANKING D EPA R TM EN T.
68
No. 72.
STATE BANK OF CARSON CITY, CARSON CITY.
Organized February 14, 1887.
E dw ard
C. C u m m in g s , ^ P r e s id e n t; J o h n W. H a l l e t t , V ic e P r e s id e n t ; I r a C u m m in g s , C a s h ie r .
D i r e c t o r s .-—E . C. Cummings, Irv in McCall, J. W . H allett, John Boyer, Ira Cummings, G. H. P atterson,
L. H. Cummings.
Resources.
R eport òf
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. Tune 23, ’09. Sept. 1, ’09.
a.nd discounts.........................
$102,035 61
$100,088 87
$112,418 28
$109,429 46
$105,015 50
Bonds, m ortgages and securities. .
209,852 24
235,225 15
223,023 90
237,698 90
240,048 90
R o a n s
Prem ium * paid on hoods. .
4 73
18 84
"Ranking house....................................
4.000 00
4.000 00
4.000 00
4.000 00
4.000 00
F u rn itu re and fixtures.....................
1.000 00
1.000 00
1.000 00
1.000 00
1.000 00
31,995 70
36,449 60
40,722 89
28,534 36
38,122 17
312 92
1,375 00
351 55
82 20
O ther real estate
Due from other banks and bankers
(not- reserve cities')
Iferns in transit
’United States bonds.........................
Due from banks in reserve cities..
Exohane'es for clearing h o u se.........
U. S. and N ational b ank currency .
15,197 00
8,661 00
9,995 00
11,953 00
10,403 00
Gold co in .............................................
6,050 00
6,075 00
6,060 00
0,055 00
6,150 00
1,305 80
755 75
1,122 80
692 70
120 08
117 55
87 30
54 40
136 25
22 50
Silver coin............................................
Nickels and c e n ts..............................
583 00
13 96
293 95
46 25
1,565 40
T o tals........-..................................
$371,103 66
$392,977 75
$399,976 42
$401,410 91
$405,800 78
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
10,000 00
10,000 00
10,000 00
10,000 00
8,398 92
7,001 14
11,263 18
11,155 82
8,061 00
43,933 35
52,717 82
45,221 73
45,071 59
45,418 43
Checks and cash ite m s.................
Surplus F u n d ....................... ..............
Undivided profits, less current ex
penses, interest and taxes p a id ..
Dividends unpaid
Commercial deposits subject to
ch eck .................................................
10,000 00
4,838 60
Commercial certificates of d ep o sit.
Due to banks and hankers
Cashier’s checks outstanding.
Savings certificates of deposit........
283,771 39
29S,258 79
308,491 51
310,183 50
311,942 75
$371,103 66
$392,977 75
$399,976 42
$401,410 91
$405,860 78
Notes and bills rediscounted
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
69
No. 234.
EXCHANGE STATE BANK, CARSONVILLE.
Organized June 20, 1901.
D a v id C r o r e y , P r e s id e n t ; C. A. C r o r e y , V ic e P r e s id e n t ; W. J. M c Ca r e n , C a s h ie r ;
F r a n k C r o r e y , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— David Crorey, W. J. McCaren, Ellen McCaren, Mary McNinch, Frank|Crorey, C. A. Crorey.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
1106,720 88
$100,881 44
$107,508 25
$104,885 26
$107,952 58
Bonds, m ortgages and securities...
55,737 85
58,200 35
57,796 85
60,476 85
59,886 85
Prem ium s paid on b o n d s.................
O verdrafts........................... ................
365 80
77 00
256 79
350 60
1,194 04
Banking house....................................
1,500 00
1,500 00
1,500 00
1,500 00
1,500 00
F u rn itu re and fixtures.....................
1,295 55
1,295 55
1,295 55
1,295 55
1,295 55
O ther real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
657 78
1,369 03
2,043 01
Item s in tra n sit.................................
United S tates bonds.........................
Due from banks in reserve cities..
54,496 03
65,196 00
53,789 76
50,050 45
56,516 95
U. S. and N ational bank currency.
7,189 00
6,195 00
6,941 00
8,175 00
8,851 00
Gold c o in .............................................
4,590 00
4,660 00
4,540 00
4,520 00
4,580 00
Silver c o in ...........................................
151 75
310 65
377 95
227 65
98 30
Nickels and c e n ts..............................
81 74
102 89
77 39
113 49
65 59
Checks and cash ite m s ...................
284 99
172 25
143 97
53 59
51 56
T o tals............................................
$233,071 37
$238,591 13
$235,596 54
$234,291 45
$241,992 42
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
Exchanges for clearing house. . . .
$20,000 00
$20,000 00
$20,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
3,700 00
4,000 00
4,000 00
4,000 00
4,000 00
2,697 11
1,946 73
2,414 10
3,014 84
1,297 69
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
55,429 12
53,273 20
50,756 01
44,043 94
48,511 47
1,333 93
34,237 06
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
1,851 67
1,712 49
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
Savings certificates of deposit. . . .
151,245 14
157,519 53
158,426 43
161,898 74
132,233 71
$233,071 37
$238,591 13
$235,596 54
$234,291 45
$241,992 42
Notes and bills rediscounted..........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
70
STATE BAN KING D EPA RTM EN T.
No. 180.
STATE BANK OF CARSONYILLE, CARSONVILLE.
Organized October 17, 1895.
W m . H . A i t ic in , P r e s id e n t ; H . W . S m i t h , V ic e P r e s id e n t ; A . R . N i l e s , C a s h ie r ;
W . S. D i c k e 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 . — Wm. H . A itkin, M. C. Richardson, H . W. Smith, A. R, Niles, M. H. Aitkin.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$120,471 SO
$145,272 71
$144,354 04
$155,085 90
$166,603 87
Bonds, m ortgages and se c u ritie s...
69,725 71
70,305 19
66,854 92
00,233 44
58,059 08
Prem ium s paid on b o n d s.................
O verdrafts............................................
322 09
700 21
1,446 48
1,711 84
736 94
Banking house....................................
2,998 00
2,998 00
2,998 00
2,998 00
3,321 51
F u rn itu re and fixtures.....................
1,712 23
1,712 23
1,712 23
1,719 63
2,000 00
Other real e sta te ................................
Due from other banks and bankers
(not reserve cities)..................... ..
1,839 13
1,360 00
1,390 00
1,080 22
1,080 22
17,255 69
10,157 53
10,172 69
9,082 40
7,185 94
34,447 75
21,644 33
23,964 78
24,217 60
17,370 36
U. S. and N ational bank cu rre n cy .
8,750 00
6,204 00
5,751 00
7,288 00
7,028 00
Gold c o in .............................................
5,912 50
6,117 50
6,432 50
6,542 50
6,742 50
Silver c o in ...........................................
1,115 00
1,163 00
1,100 60
1,228 00
704 95
Nickels and c e n ts..............................
151 08
299 25
328 11
283 26
283 79
Item s in tra n sit.................................
United S tates bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing h ouse. . . .
Checks and cash ite m s ...................
460 90
308 05
695 86
1,216 70
1,522 95
T o tals............................................
$265,167 88
$268,242 60
$267,261 21
$272,687 49
$272,640 71
Liabilities.
Capital stock paid in .......................
$30,000 00
$30,000 00
$20,000 00
$20,000 00
$20,000 00
4,220 00
4,220 00
4,220 00
4,220 00
4,220 00
1,020 80
1,131 00
1,273 72
1,523 46
596 95
60,590 37
51,699 42
50,943 84
10,673 47
46 778 14
848 26
2,403 95
173,722 88
137,697 83
10 000 00
10 000 00
$272,687 49
$272,640 71
Surplus fu n d ........................................
Undivided profits, less current expenses, interest and taxes p a id ..
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
1,800 00
56,339 97
55,526 60
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
437 77
2 432 07
173,143 34
173,132 93
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings dep o sits................................
Savings certificates of deposit. . . .
181,171 12
S tate monies on d ep o sit...................
Notes and bills rediscounted..........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$265,167 88
$268,242 60
$267,261 21
STATE BANKS OF MICHIGAN.
71
No. 421.
THE CASS COUNTY STATE BANK, CASSOPOLIS.
Organized August 27, 1908.
F a i r f i e l d G o o d w i n , P r e s id e n t ; E d g a r A . P l a n k , S t e p h e n I. R u d d , V ic e P r e s id e n t s ;
F r a n k J. P h i l l i p s , C a s h ie r ; H e n r y C. G r a n 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 .—John R. Carr, Fairfield Goodwin, E dgar A . Plank, Stephen I. R udd, Jam es L. Robinson
John H. Phillips, William Jones.
Resources.
R eport of
Nov. 27, ’08
R eport of
R eport of
R eport of
R eport of
Feb. 5, ’09. April 28, ’09 June 23, '09 Sept. 1, ’09.
Loans and discounts.........................
$16,172 07
$24,827 94
$34,302 70
Bonds, m ortgages and securities...
6,032 72
7,082 72
11,182 72
Prem ium s paid on b o nds.................
93 60
O verdrafts............................................
3 44
3 00
Banking house....................................
F u rn itu re and fixtures.....................
3,581 92
3,995 92
3,995 92
O ther real e state................................
Due from other banks and bankers
(not reserve cities).......................
1,505 19
3,907 95
3,280 03
14,264 90
10,766 12
11,163 79
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve c itie s ..
Exchanges for clearing h o u se. . .
U. S. and N ational bank c u rre n cy .
3,470 00
275 69
969 63
7,579 00
5,063 00
Gold co in .............................................
50 00
35 00
390 00
Silver co in ...........................................
399 70
761 80
92 10
Nickels and c en ts..............................
61 35
53 00
Checks and cash ite m s ....................
Expenses, interest and taxes p a id .
49 37
050 00
8 65
238 00
153 44
T o tals............................................
$45,546 50
$59,526 58
$71,389 30
Liabilities.
Capital stock paid in .......................
$25,330 00
$34,400 00
$40,000 00
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
10,996 99
14,829 73
18,452 73
Commercial certificates of d ep o sit.
8,944 35
9,513 89
11,238 27
275 16
782 96
1,698 30
$45,546 50
$59,526 58
$71 389 30
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ..........
Savings dep o sits................................
Savings certificates of deposit. . . .
Notes and bills rediscounted.........
Bills p a y a b le .......................................
T o tals..........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
72
STA TE BANKING D EPA R TM EN T.
No. 343.
THE FIRST STATE BANK OF CENTRAL LAKE, MICH.
Organized June 30, 1906.
C. W. M c P h a i l ,
P r e s id e n t ; J o h n S in a l l e g a n , V ic e P r e s id e n t ; W.
H. O l m s t e a d , A s s i s t a n t C a s h ie r .
S. R ic h a r d s o n ,
C a s h ie r ;
D ir e c t o r s .— C. W. McPhail, John Sinallegan, W. S. Richardson, A. F. W allbrecht, E. L. C'ole.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09
Loans and discounts.......................
$62,407 77
$60,729 68
$61,364 30
$63,226 24
$70,725 86
Bonds, m ortgages and securities.
17,403 52
14,461 12
12,279 30
11,144 38
9,852 96
Prem ium s paid on b o n d s.............
O verdrafts..........................................
5 39
31 10
295 83
80 75
531 26
Banking house..................................
3,200 00
3,200 00
3,200 00
3,200 00
3,200 00
F urniture and fixtures...................
1,800 00
1,800 00
1,800 00
1,800 00
1,800 00
400 00
400 00
400 00
Other real estate...............................
Due from other banks and bankers
(not reserve cities).......................
224 32
1,178 92
1,912 30
4,587 11
1,620 75
5,155 28
Item s in tra n sit.................................
U nited States bonds.........................
1,105 02
4,261 87
3,821 33
5,937 32
Exchanges for clearing h o u se ........
1,879 43
1,496 57
1,051 51
44 28
696 S3
U. S. and N ational b ank currency
3,918 00
3,908 00
6,286 00
4,926 00
5,409 00
Gold c o in .............................................
1,500 00
1,605 00
1,265 00
1,290 00
1,375 00
Silver coin............................................
785 85
866 25
357 20
491 15
477 35
Nickels and c e n ts............................
74 05
76 56
40 72
61 01
38 09
$94,303 35
$93,675 07
$94,073 49
$97,188 24
$ 20,000
Due from banks in reserve cities. .
Checks and cash ite m s..................
Totals.
Liabilities.
Capital stock paid i n . .
$101,282
00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
1,000 00
2,000 00
2,000 00
2,000 00
2,000 00
4,822 36
431 07
2,091 59
2,983 90
3,231 60
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
16,566 98
22,680 26
23,128 03
22,672 04
22,132 51
Commercial certificates of deposit
35,723 98
35,945 36
34,911 58
38,624 82
41,897 03
Due to banks and b an k ers.............
491 89
62 85
320 81
202 62
502 92
11,698 14
12,555 53
10,704 86
11,518 42
$97,188 24
$101,282 48
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Certified checks................................
Cashier’s checks outstan ding........
Savings d ep o sits................................
11,621
Savings certificates of d eposit........
Notes and bills rediscounted........
Bills p a y a b le ......................................
Totals.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4,000 00
$94,303 35
$93,675 07
$94,073 49
STATE BANKS OF MICHIGAN.
73
No. 391.
THE WOLF BROS. STATE BANK, CENTERVILLE.
Organized March 26, 1908.
Frank W
o l f , P r e s id e n t ;
H . P . S t e w a r t , E. I. W o l f , V ic e P r e s id e n t s ; C. D. M o s h e r , C a s h ie r ;
D a v id M i l l e r , A u d i t o r .
D i r e c t o r s .— F rank Wolf, E. I. Wolf, H. P. Stew art, C. D. Mosher, C. A. D ockstader, B ryant Weed.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$128,815 04
$174,137 48
$162,280 15
$152,795 57
$146,233 31
Bonds, m ortgages and securities..
54,890 54
54,290 54
59,190 54
62,790 54
64,005 54
Prem ium s paid on b o n d s...............
O verdrafts............................................
6 48
Expenses, interest and taxes p a id .
76 26
63 81
519 86
Banking house....................................
F urniture and fixtures.....................
2,500 00
2,500 00
2,500 00
2,500 00
O ther real e sta te ................................
Due from other banks and bankers
(not reserve citie s).......................
6,300 44
6,491 34
6,491 34
6,491 34
36,531 03
25,482 29
19,109 73
20,821 89
2,500 00
2,000 00
Item s in tra n s it.................................
U nited S tates bonds.........................
Due from banks in reserve cities. .
56,258 46
Exchanges for clearing h o u se .........
U. S. and N ational b ank cu rre n cy .
7,158 00
9,080 00
10,491 00
8,197 00
3,955 00
Gold co in .............................................
2,565 00
2,835 00
3,610 00
3,150 00
3,390 00
Silver coin............................................
1,634 00
1,113 75
.1,022 75
1,046 .50
751 00
Nickels and c e n ts..............................
399 63
362 88
364 80
412 06
309 12
Checks and cash ite m s....................
21 54
87 27
13 20
50
T o tals............................................
$260,549 16
$290,025 41
$271,446 07
$250,493 24
$242,089 67
Liabilities.
Capital stock paid in .......................
$30,000 00
$30,000 00
$30,000 00
$30,000 00
$30,000 00
3,000 00
3,000 00
3,000 00
3,000 00
1,202 96
1,759 31
3,378 41
70,397 12
42,299 02
29,079 73
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
2,778 90
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
59,551 72
83,444 35
Commercial certificates of d ep o sit.
Dne to hanks and h an k ers...............
120 96
517 60
O r t i fifid eh eek s ..................................
Cashier’s elieeks outstanding..........
Savings d ep o sits................................
19,038 64
20,801 54
23,315 29
23,322 06
24,703 75
Savings certificates of dep o sit........
149,179 90
152,261 92
143,530 70
155,991 89
151,927 78
T o tals............................................
$260,549 16
$290,025 41
$271,446 07
$256,493 24
$242,089 67
10
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
74
STA TE BAN KING D EPA R TM EN T.
No. 315.
THE CHARLEVOIX STATE SAVINGS BANK, CHARLEVOIX.
Organized June 8, 1905.
R e u b e n P. F o l e y , P r e s id e n t ; G. C. G e i k e n , H. S. H
a b s h a , V ic e P r e s id e n t s ;
W. J. R a c h o w ,
C a s h ie r .
D i r e c t o r s .— R. P. Foley, John Burns, H. L. Iddings, G. C. Geiken, H. S. H arsha, Guy S. Brown,
W. J. Rachow.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Resources.
Loans and discounts.........................
$42,508 26
$48,943 13
$48,984 02
$53,576 48
$64,406 25
Bonds, m ortgages and securities...
12,365 00
17,340 00
23,595 00
22,595 00
23,595 00
125 47
201 17
9S0 99
186 05
194 82
F u rn itu re and fixtures.....................
3.500 00
3.500 00
3.500 00
3.500 00
3.500 00
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
1.500 00
1.500 00
1.500 00
1.500 00
1.500 00
1,000 00
6 29
1,000 00
811 67
2,847 25
7,350 17
5,652 91
3,854 33
5,259 29
20,451 77
Prem ium s paid on b o n d s.................
O verdrafts............................................
Banking house....................................
Item s in tra n sit..................................
United S tates bonds.....................*..
Due from banks in reserve cities. .
Exchanges for clearing h o u s e .. . .
U. S. and Natiortal bank currency.
5,300 00
6,033 00
4,357 00
4,091 00
4,968 00
Gold co in .............................................
675 00
345 00
1,362 50
1,825 00
1,000 00
Silver c o in .................. .....................
498 55
573 80
480 00
868 80
1,191 25
Nickels and cen ts..............................
68 45
63 39
114 11
115 50
249 36
132 65
57 00
705 95
494 13
71 28
$75,023 55
$84,215 09
$90,433 90
$94,822 92
$123,974 98
$25,000 00
Checks and cash ite m s . . . .
.
T o tals..........................................
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
500 00
1,000 00
1,000 00
1,000 00
1,100 00
1,669 22
935 77
1,567 65
2,102 71
1,967 87
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
23,239 91
20,707 06
27,279 55
25,642 84
47,340 66
Commercial certificates of d ep o sit.
17,168 77
18,373 88
12,715 65
9,985 31
8,632 20
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
7,445 65
Savings certificates of d e p o s it....
9,806 77
9,515 98
10,468 44
12,700 26
8,392 21
13,355 07
20,623 62
27,233 99
$84,215 69
$90,433 90
$94,822 92
$123,974 98
Notes and bills rediscounted .........
Bills p a v a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$75,023 55
75
STATE BANKS O F MICHIGAN.
No. 218.
EATON COUNTY SAVINGS BANK, CHARLOTTE.
Organized August 14, 1899.
A. D. B a u g h m a n ,
D i r e c t o r s . —A. D
H. S p e n c e r , V ic e
N. B. A l s o v e r , A s s i s t a n t
P r e s id e n t ; G e o .
P r e s id e n t ;
C a s h ie r .
H. K. J e n n i n g s ,
C a s h ie r ;
Baughman, W. B. O tto, A lbert M urray, H . K. Jennings, G. H . Spencer, E. D.
Barber, Chas. B. Lamb.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$106,333 57
$150,537 96
$153,705 55
$132,210 05
$118,034 63
Bonds, m ortgages and securities. .
158,930 12
174,553 12
169,913 12
197,333 12
207,253 12
6,000 00
6,000 00
4,450 00
3,543 04
509 14
3,568 17
4,673 07
22,017 18
24,047 79
24,082 62
24,109 32
24,140 53
U. S. and National bank cu rren cy .
8,941 00
12,492 00
14,337 00
15,018 00
12,252 00
O o ld c o in
5,000 00
28 00
77 00
57 00
39 00
117 00
4 20
5 00
2 91
2 32
5 92
Prem ium s paid on b o n d s...............
O verdrafts............................................
Banking house....................................
F u rn itu re and fixtures. . .
O ther real e s ta te .. .
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited S tates bonds................
Due from banks in reserve cities..
Exchanges for clearing h o u se .........
Silver coin............................................
Nickels and c en ts..............................
Cheeks
and
87
rash ite m s .........
T o tals............................................
$364,797 11
$362,222 01
$308,098 20
$378,280 85
$370,926 27
Liabilities.
Capital stock paid in .......................
$100,000 00
$100,000 00
$100,000 00
$100,000 00
$100,000 00
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes paid. .
20,000 00
20,000 00
20,000 00
20,000 00
20,000 00
16,044 66
14,665 57
8,448 42
10,925 91
7,662 69
Dividends u n p a id ..............................
Commercial deposits subject to
cheek . .
18 00
142 00
48 00
8 00
20 00
Commercial certificates of d ep o sit.
One to hanks and bankers«
988 50
Certified checks
Cashier’s checks outstanding’. . .
Savings dep o sits................................
214,534 45
210,914 44
230,113 28
238,S46 94
234,093 58
Savings certificates of dep o sit........
11,800 00
10,500 00
8,500 00
8,500 00
9,150 00
Reserved for interest on deposits. .
2,400 00
$362,222 01
$368,098 20
$378,280 85
$370,926 27
Notes
fin d b i l l s r e d i s c o u n t e d
Trills payable. .
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$364,797 11
76
STA TE BAN KING D EPA R TM EN T.
No. 305.
CHEBOYGAN COUNTY SAVINGS BANK, CHEBOYGAN.
Organized January 24, 1905.
J a m e s F. M o i . o n e y , P r e s id e n t ; W m . L. M a r t i n , J. H. C l u n e , V ic e P r e s id e n t s ;
P e r c y T D u d i . e y , C a s h ie r .
D i r e c t o r s .— Jam es F. Moloney, Wm. L. M artin, John H. Clune, W. L. H agadorn, George A nnand,
S. A. St. Amour, Vet S. Moloney, Geo. E. Frost, Henry Barber.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, '09.
Loans and discounts.........................
$101,211 49
$106,585 00
$104,700 31
$111,769 37
$107,496 36
Bonds, m ortgages and securities...
60,759 65
01,084 65
59,254 65
58,190 15
61,665 15-
909 23
346 20
773 71
554 50
166 91
3,997 91
3,997 91
3,997 91
3,997 91
3,997 91
Prem ium s paid on b o n ds.................
O verdrafts............................................
Banking house....................................
F u rn itu re and fixtures.....................
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
81 57
Item s in tra n sit.................................
544 58
399 97
1,160 73
1,938 92
1,363 81
17,405 62
20,130 85
12,743 39
6,754 61
24,181 95
7,843 00
United States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing house. . . .
U. S. and N ational bank cu rre n cy .
8,811 00
4,771 00
8,488 00
6,646 00
Gold c o in ................. , ........................
2,195 00
2,070 00
1,230 00
3,560 00
3,605 00
Silver c o in ...........................................
1,589 90
1,333 40
1,389 90
1,801 10
2,768 65
Nickels and c e n ts..............................
405 97
409 48
308 07
249 12
211 34
Checks and cash ite m s....................
550 93
404 13
278 83
698 97
1,725 45
T o tals............................................
$198,462 85
$201,532 59
$194,325 50
$196,160 65
$215,025 53
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
1,000 00
1,500 00
1,500 00
1,500 00
1,500 00
3,628 71
1,219 73
1,651 84
2,426 70
3,145 77
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
12 00
18 00
6 00
6 00
52,147 11
54,737 21
41,671 99
44,012 85
58,407 16
4,238 51
3,611 23
6,089 38
7,400 53
20,534 99
Savings d ep o sits................................
34,918 24
39,918 71
38,640 43
35,073 01
35,298 29
Savings certificates of deposit. . . .
45,793 28
45,527 71
44,765 86
43,659 76
45,129 66
Notes and bills rediscounted.........
6,725 00
5,000 00
10,000 00
12,081 80
1,009 66
$198,462 85
$201,532 59
$194,325 50
$196,160 65
$215,025 53
Commercial certificates of d e p o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ..........
Bills p a y ab le.......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
77
No. 304.
THE CHEBOYGAN STATE BANK, CHEBOYGAN.
Organized February 11, 1905.
F r a n k S h e p h e r d , P r e s id e n t ; D u d l e y E . W a t e r s , V ic e P r e s id e n t ; G e o . G . B r o w n , C a s h ie r ;
G e o . D . N im m o , 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. Shepherd, W. P. DeKlyne, M. E. Riggs, G. A. Thompson, George G. Brown, Dudley
•
E. W aters, O. H. G ebhardt, B. A. Cueny, H. A. Blake, G. W. Rittenhouse.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$152,129 82
$157,876 63
$155,484 77
$155,804 24
$159 819 93
Bonds, m ortgages and securities..
36,936 02
39,116 62
41,874 23
43,013 23
44,317 71
Prem ium s paid on b o n d s...............
O verdrafts..........................................
2,285 9S
990 21
774 95
1,496 11
715 41
Banking house....................................
11,100 00
11,100 00
11,100 00
11,100 00
11,000 00
F urniture and fixtures.....................
3,100 00
3,000 00
3,000 00
3,000 00
3,000 00
O ther real e state................................
Due from other banks and bankers
(not reserve cities).......................
2,423 98
903 44
6,025 51
3,649 61
3,527 40
298 67
941 50
277 20
1,189 23
2,099 74
9,502 70
Item s in tra n sit.................................
U nited S tates bonds.........................
Due from banks in reserve c itie s ..
15,903 54
27,844 61
17,137 02
13,885 72
Exchanges for clearing h o u se.........
415 64
1,228 22
409 13
128 69
819 30
U. S. and N ational bank c u rre n cy .
5,764 00
6,794 00
9,436 00
8,652 00
9,871 00
Gold co in ..............................
2,132 50
2,792 50
3,840 00
2,900 00
3,640 00
Silver coin..........................................
1,909 00
2,439 55
1,539 80
1,480 10
1,192 80
Nickels and c e n ts..............................
143 53
131 66
164 90
105 68
73 06
Checks and cash ite m s ....................
267 03
371 79
141 09
384 86
170 18
T o tals............................................
$234,809 71
$255,530 73
$251,204 60
$247,389 47
$249,749 29
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
2,500 00
3,000 00
3,000 00
3,000 00
3,500 00
3,006 82
1,273 39
2,666 23
3,256 20
2,207 58
60 00
45 00
9 00
9 00
50,252 04
80,216 11
64,246 54
5S,003 28
53,266 30
170 64
3,109 11
2,593 67
1,212 22
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ...............
Commercial deposits subject to
ch eck ...............................................
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks........................... , . .
24 24
33 71
Cashier’s checks outstanding..........
Savings d ep o sits................................
32,258 20
32,451 84
34,958 42
36,861 68
37,891 10
Savings certificates of dep o sit........
95,599 65
88,373 75
83,074 39
79,505 14
85 115 05
5,000 00
2,500 00
2,500 00
5,116 67
11,657 50
14,023 33
$251,204 60
$247,389 47
$249,749 29
S tate monies on d eposit...................
Notes and bills rediscounted...........
1,133 00
Bills p a y a b le .......................................
T o tals..........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$234,809 71
$255,530 73
78
STA TE BAN KING D EPA R TM EN T.
No. 397.
FARMERS’ AND MERCHANTS’ BANK OF CHELSEA, CHELSEA.
Organized April 22, 1908.
J . F. W a i ,TROUS, P r e s id e n t ; P e t e r M e r k e l , C h r i s t i a n G r a u , V ic e P r e s id e n t s ;
P a u l G. S c i i a i b l e , C a s h ie r .
D i r e c t o r s . —John F. W altrous, P eter Merkel, Christian Grau, Lewis Geyer, Jas. G uthrie C H Kalm-
bach, John Kalm bach, O. C. B urkhart, John Farrell, H. L. Wood.
R eport of
Nov. 27, ’08
Resources.
’
R eport of
R eport of
R eport of
R eport of
Feb. 5, ’09. April 28, ’09 June 23, ’09 Sept. 1, ’09.
Loans and discounts.........................
$24,422 53
$2S,503 46
$49,397 11
$52,703 93
$52,971 80
Bonds, m ortgages and se cu rities...
44,347 78
57,285 78
57,175 78
75,525 78
81,400 78
Prem ium s paid on b o n d s.................
O verdrafts..........
17 39
9 50
472 05
435 14
119 35
2,800 00
2,800 00
2,800 00
2,800 00
2,800 00
931 17
933 67
933 67
1,003 67
1,003 67
Due from banks in reserve cities..
13,351 99
21,604 63
23,281 10
12,622 49
12,802 26
Exchanges for clearing h o u s e ....
71 70
99 23
986 07
127 13
91 48
U. S. and N ational bank cu rren cy .
4,302 00
2,S95 00
7,438 00
5,948 00
4,767 00
Gold co in ........................
2,205 00
2,185 00
1,825 00
2,435 00
2,067 50
770 10
555 00
1,001 60
1,512 55
1,109 30
Nickels and c e n ts...............
88 58
118 16
181 02
230 13
287 10
Checks and cash ite m s.........
85 59
1,542 50
20 25
21 95
1 25
Banking house..................................
F urniture and fixtures.................
Other real estate.................
Due from other banks and bankers
(not reserve cities).....................
Item s in tra n sit...................
United S tates bonds.......................
Silver c o in ....................
Expenses p a id .................
320 06
T o tals.........................
$93,713 89
$118,531 93
$145,511 65
$155,365 77
$159,421 49
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
ISO 50
394 10
330 16
781 92
20,449 24
26,877 34
32,390 84
27,067 83
31,327 78
Savings certificates of deposit. . . .
34,251 65
47,999 73
57,660 27
70,299 07
72,997 65
Savings dep o sits.........
14,013 00
18,474 36
29,952 68
32,668 11
28,814 14
$145,511 65
SI55,365 77
$159,421 49
Liabilities.
Capital stock paid in .................
Surplus fu n d ..................
Undivided profits, -less current ex
penses, interest and taxes p a id .
Dividends u n p a id ...................
Commercial deposits subject
check ...........................
500 00
to
Commercial certificates of d ep o sit.
Due to banks and b an k ers...........
Certified checks...............
Cashier’s checks o u tstan ding...........
113 76
Notes and bills rediscounted........
Bills p a y ab le................................
T otals...................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
£ 0 2 7 1 2 8Q
I
—
^
STA TE BANKS OF M ICHIGAN.
79
No. 203.
THE KEMPF COMMERCIAL AND SAVINGS BANK, CHELSEA.
Organized January 14, 1898.
H. S. H o l m e s ,
C. H. K e m p f , V ic e P r e s id e n t ; G e o . A. B e G o l e , C a s h ie r ;
J o h n L . F l e t c h e r , A s s i s t a n t C a s h ie r .
P r e s id e n t ;
D i r e c t o r s .— Reuben Kempf, C. H. Kempf, H. S. Holmes, C. Klein, O tto D . Luick, E dw ard Vogel
D.
Resources.
C. McLaren.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts..........
$94,988 93
$86,107 75
$66,740 65
$72,523 91
$78,507 64
Bonds, m ortgages and securities. .
354,951 42
365,779 67
384,427 51
387,398 39
381,748 37
Prem ium s paid on b o n d s. . . .
1,007 69
1,173 83
2,510 45
2,423 25
1,787 50
O verdrafts............................................
7,228 85
634 10
5,441 08
2,483 77
2,577 94
Banking house....................................
15,000 00
15,000 00
15,000 00
15,000 00
15,000 00
F urniture, and fixtures.....................
5,150 00
5,100 00
5,100 00
5,100 00
5,050 00
O ther real e state...............................
Due from other banks and bankers
(not reserve cities).......................
400 00
400 00
400 00
400 00
400 00
’ 375 00
375 00
Item s in tra n sit.................................
2,554 00
2,346 60
146 00
660 00
U nited S tates bonds.........................
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
Due from banks in reserve cities..
62,614 45
63,812 11
58,867 78
61,595 03
50,612 87
89 04
35 56
U. S. and National b ank c u rre n cy .
8,592 00
11,609 00
13,750 00
10,237 00
12,078 00
Gold co in .............................................
15,372 50
10,497 50
16,335 00 .
15,577 50
16,310 00
Silver coin............................................
1,479 10
1,378 60
1,173 90
1,413 15
1,719 20
Nickels and c e n ts..............................
177 89
149 27
135 63
250 86
180 73
Checks and cash ite m s ....................
• 232 26
123 34
223 43
168 17
421 52
$572,249 09
$572,611 77
$572,980 46
$577,535 07
$569,735 33
$40,000 00
$40,000 00
$40,000 00
$40,000 00
$40,000 00
15,000 00
20,000 00
20,000 00
20,000 00
20,000 00
13,845 99
7,313 11
11,454 37
9,456 25
10,818 96
Exchanges for clearing h o u se .........
T o ta ls... .
Liabilities.
Capital stock paid in .......................
Surplus fu n d ......................................
Undivided profits, less current ex>penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
79,543 50
78,691 32
64,878 37
70,291 32
69,150 93
Commercial certificates of d ep o sit.
22,613 85
25,036 76
28,491 27
26,336 45-
28,715 76
116 00
Due to banks and b an k ers...............
Certified checks. ................................
Cashier’s checks o u tstanding..........
Savings d ep o sits.........
Savings certificates of d eposit........
250 00
50 00
786 00
350,228 77
349,760 94
357,378 34
357,396 58
348,436 21
50,966 98
51,693 64
50,528 11
54,054 47
51,827 47
$572,249 09
$572,611 77
$572,980 46
$577,535 07
$569,735 33
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T otals..........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
80
•
No. 235.
THE CHESANING STATE BANK, CHESANING.
Organized June 22, 1901.
O. D. C h a p m a n , P r e s id e n t ; M. L. P a r s h a l l , V ic e P r e s id e n t ; F . A. G r e e n f e l d e r , C a s h ie r ;
H a r r y N. S l a c k , F l o r e n c e A. C h a p m a n , A s s i s t a n t C a s h ie r s .
D irectors .— 0 . D. Chapman, F. A. Greenfelder, R alph Agnew, G. M. Peet, M. L. Parshall, 0. C. Sperry.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$148,536 73
$161,175 03
$155,450 29
$155,819 47
$166,272 17
Bonds, m ortgages and securities...
75,251 00
79,921 50
96,608 50
101,258 50
108,538 50
Prem ium s paid on b o nds.................
O verdrafts............................................
835 GO
460 90
586 00
135 35
43 47
Banking house....................................
7,500 00
8.500 00
8.500 00
8.500 00
8.500 00
F u rn itu re and fixtures.....................
1,475 00
1.500 00
1.500 00
1.500 00
1.500 00
1,525 62
1,978 20
1,340 00
947 90
48,672 67
36,800 94
21,839 87
36,474 54
O ther real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited S tates bonds.........................'
Due from banks in reserve c itie s ..
10,616 96
Exchanges for clearing house. . . .
U. S. and N ational bank c u rre n cy .
12,431 00
7,489 00
12,669 00
7,291 00
9,048 00
Gold c o in .............................................
10,830 00
12,127 50
12,757 50
13,002 50
13,312 50
Silver c o i n ...........................................
1,441 60
G17 90
1,113 95
1,691 25
2,186 15
Nickels and c e n ts..............................
84 67
83 56
121 19
148 74
132 76
Checks and cash ite m s ...................
405 11
151 03
448 16
390 80
385 00
T o tals............................................
$308,989 00
$310,805 56
$312,940 46
$327,226 05
$320,535 51
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
2,600 00
2,815 00
2,815 00
2,815 00
3,000 00
3,828 43
2,093 25
4,936 34
5,302 82
1,226 35
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
50,089 54
66,001 64
51,314 36
50,202 51
46,696 91
Commercial certificates of d ep o sit.
154,872 78
143,446 26
131,004 77
104,040 35
111,015 88
65,998 25
70,803 91
68,294 48
75,850 27
76,596 92
29,575 51
64,015 10
50,967 95
$312,940 46
$327,226 05
$320,535 51
45 50
31 50
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
Savings certificates of deposit. . . .
Notes and bills discounted .............
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$308,989 00
$310,805 56
STATE BANKS OF MICHIGAN.
81
No. 424.
THE CITIZENS’ STATE BANK OF CLARE.
Organized December 22, 1908.
W il l ia m H a l e y , P r e s i d e n t ; A l l e n E. M u l d e r , V ic e P r e s id e n t ; G e o . E. B e n n e r , C a s h ie r .
D i r e c t o r s .— William Haley, Jam es Duncan, Allen E. Mulder, John W. Calkins, Nelson A Bloom
Geo. E. Benner.
, Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$39,764 65
$44,275 14
$43,349 16
Bonds, m ortgages and se c u ritie s...
9,529 57
9,150 39
9,665 39
Prem ium s paid on b o n d s.................
O verdrafts............................................
434 84
169 84
80 53
Banking house....................................
5.000 00
5.000 00
5.000 00
F urniture and fixtures.....................
2.000 00
2.000 00
2.000 00
3,374 63
1,564 28
10,169 75
12,127 90
4,729 15
2,696 00
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States bo n d s.........................
Due from banks in reserve cities..
Exchanges for clearing house. . . .
U. S. and N ational bank cu rren cy .
3,938 00
1,821 00
Gold c o in .............................................
952 50
1,147 50
1,387 50
Silver c o in ...........................................
916 20
498 35
1,158 65
Nickels and c e n ts..............................
145 69
277 14
226 90
Checks and cash ite m s ....................
1,499 36
1,396 68
3,025 30
T o tals............................................
$77,725 19
$79,428 22
$73,318 58
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
577 79
800 61
818 83
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
29,587 57
29,048 35
24,040 43
80 00
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified ch eck s..................................
Cashier’s checks o u tstan d in g ...........
................... ......................
Savings d ep o sits................................
11,627 43
12,285 51
13,345 71
Savings certificates of dep o sit. . . .
15,932 40
17,293 75
15,033 61
$77,725 19
$79,428 22
$73,318 58
Notes and bills rediscounted..........
Bills p a y a b le .......................................
T o tals............................................
11
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT,
82
No. 118.
THE CLARE COUNTY SAVINGS BANK, CLARE.
Organized June 23, 1891.
C. W. P e r r y ,
P r e s i d e n t ; W m . W o l s e y , V ic e P r e s id e n t .
C. H. S u t h e r l a n d ,
C a s h ie r .
D i r e c t o r s .— C. W. P erry, Wm. Wolsey, L. W iesman, Joseph Hudson, C. H. Sutherland.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
$104,498 78
$99,262 80
$113,790 86
$117,059 75
$122,744 35
Bonds, m ortgages and se c u ritie s..
52,984 47
56,517 47
83,239 47
87,949 47
92,439 47
O verdrafts............................................
1,470 77
359 57
336 64
2,593 11
812 28
Banking house....................................
5,500 00
5,500 00
5,500 00
5,500 00
5,500 00
F u rn itu re and fixtures.....................
1,200 00
1,200 00
1,200 00
1,200 00
1,200 00
Due from other banks and bankers
(not reserve cities).......................
24,000 00
24,000 00
29,000 00
24,000 00
20,000 00
1,534 00
1,482 50
38,092 19
60,467 57
49,189 79
37,303 05
28,975 46
U. S. and N ational bank currency.
16,862 00
15,875 00
10,754 00
11,566 00
8,410 00
Gold c o in .............................................
1,440 00
2,660 00
3,105 00
3,755 00
4,015 00
Silver coin............................................
1,755 75
3,156 30
1,520 65
1,223 50
1,356 20
Nickels and c en ts..............................
152 56
167 04
137 02
157 29
193 88
Checks and cash ite m s....................
2,327 47
2,766 %
2,689 11
1,821 98
1,890 82
T o tals............................................
$250,283 99
$273,466 77
$301,945 04
$294,129 15
$290,466 64
Liabilities.
Capital stock paid in .......................
Loans and discounts.........................
Item s in tr a n s it,................................
2,929 18
United S taffs bonds
Due from banks in reserve c itie s ..
Exch anges for clearing bon so
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
7,000 00
7,000 00
7,000 00
7,000 00
7,000 00
4,933 64
2,242 55
5,624 33
1,955 00
2,388 43
Dividends unpaid
Commercial deposits subject to
ch eck .................................................
75 00
175 00
175 00
150 00
45,395 01
54,705 49
48,095 66
43,941 57
44,468 32
600 00
35,633 98
58,226 90
Commercial certificates of d ep o sit.
Due to banks and hankers
Certified checks
100 00
Cashier’s checks outstanding'
Savings dep o sits................................
86,978 12
105,180 43
113,266 69
110,864 25
110,355 72
Savings certificates of deposit........
85,902 22
84,163 30
107,083 36
74,584 35
48,027 27
$250,283 99
$273.466 77
$301.945 04
$294,129 15
$290,466 64
Notes and bills rediscounted
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
83
No. 267.
E. JOSSMAN STATE BANK, CLARKSTON.
Organized November 25, 1902.
A n d r e w K. E d g a r , P r e s id e n t ; C. J. S u t h e r l a n d , V ic e P r e s i d e n t ; R. E. J o s s m a n , C a s h ie r .
D i r e c t o r s .— A. K. Edgar, Manley Bower, E dm und Foster, George F. Gross, R. E. Jossm an
C.
Resources.
J. Sutherland, L ant Sherwood.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09
Loans and discounts.........................
$71,534 14
$74,034 66
$67,361 98
$66,494 80
$69,199 72
Bonds, m ortgages and securities..
46,770 80
45,016 25
44,151 25
43,879 35
42,729 35
Prem ium s paid on b o n d s...............
O verdrafts............................................
423 60
Expenses, interest and taxes p a id .
3 77
B anking house..................................
F u rn itu re and fixtures...................
950 00
850 00
850 00
850 00
775 00
O ther real estate..............................
Due from other banks and bankers
(not reserve cities).......................
242 67
242 67
242 67
242 67
242 67
66 33
241 85
144 88
177 74
55 32
Item s in tra n sit.................................
575 00
924 00
4,001 25
407 87
9,256 19
14,453 02
8,906 71
8,330 62
5,729 06
United States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing h o u se.........
U. S. and N ational bank c u rre n cy .
5,543 00
8,731 00
9,831 00
6,859 00
4,127 00
Gold c o in ...........................................
945 00
1,035 00
1,220 00
1,515 00
1,550 00
Silver coin..........................................
430 90
449 80
205-55
385 80
756 55
Nickels and c e n ts............................
80 43
55 78
61 54
67 13
70 04
Checks and cash ite m s..................
22 00
57 86
56 38
24 86
9 00
$136,840 06
$146,095 66
$137,033 21
$129,234 84
$125,243 71
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
9,000 00
9,500 00
9,500 00
9,500 00
10,000 00
967 25 ......................
667 22
905 67
49 03
13,830 30
9,501 34
T o tals......................................
Liabilities.
Capital stock paid in .......................
Surplus fu n d ....................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck ...............................................
12,592 53
25,125 02
16,507 00
Savings dep o sits.................................
24,103 08
22,581 11
28,302 50
30,841 19
28,261 93
Savings certificates of deposit........
53,765 05
56,739 53
56,056 43
54,157 68
57,431 41
Notes and bills rediscounted...........
16,412 15
12,150 00
6,000 00
$136,840 06
$146,095 66
$137,033 21
$129,234 84
$125,243 71
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o utstanding...........
Bills p a y a b le .......................................
T otals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
84
STA TE BAN KING D EPA RTM EN T.
No. 376.
THE CLIMAX STATE BANK, CLIMAX.
Organized August 25, 1907.
A. A. A l d r i c h ,
P r e s id e n t ;
M. S c r a m l in ,
V ic e P r e s id e n t ;
T. E. S i n c l a i r ,
C a s h ie r .
D i r e c t o r s .— A. A. Aldrich, A. T. Slaght, M. Scramlin, J. E. Kimble, L. T. Becker, T. T. Hallock,
George Carpp, J. W. Pierce, A. D. Leiter.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09 Junè 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$39,404 89
$38,900 39
$37,811 74
$37,615 60
$37,019 32
Bonds, m ortgages and securities...
19,824 43
22,444 43
28,069 43
28,119 43
30,149 43
Prem ium s paid on b o n d s.................
547 38
300 00
300 00
300 00
O verdrafts............................................
251 43
132 93
54 81
F urn itu re and fixtures.....................
1,250 00
1,250 00
1,250 00
1,250 00
O ther real e s ta te ...............................
Due from other banks and bankers
(not reserve cities).......................
2,317 94
1,380 59
670 38
1,820 27
155 42
Banking house....................................
Item s in tra n sit.................................
1,250 00
294 48
417 66
7,658 11
9,893 72
12,858 38
United States bonds.........................
Due from banks in reserve cities. .
15,809 09
15,358 59
Exchanges for clearing h o u s e ....
U. S. and N ational bank cu rre n cy .
2,110 00
2,175 00
1,260 00
3,068 00
2,470 00
Gold c o in ................................ ............
1,380 00
1,495 00
2,130 00
1,305 00
1,630 00
Silver c o in ...........................................
140 60
104 40
318 15
150 35
220 40
Nickels and c e n ts................... ; . . . .
33 72
34 OS
28 75
9 25
13 14
Checks and cash ite m s ...................
13 03
105 77
26 00
98 42
111 30
T o tals............................................
$83,082 51
$83,721 18
$79,577 37
$83,924 52
$86,295 05
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
»
$20,000 00
$20,000 00
$20,000 00
200 00
200 00
200 00
200 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
1,282 18
441 00
506 12
825 58
735 56
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
16,212 28
12,996 28
11,319 03
15,746 27
17,507 58
Savings d ep o sits................................
39,707 29
48,052 03
44,928 98
46,177 33
44,445 87
Savings certificates of d ep o sit. . . .
5,880 78
2,031 27
2,623 24
975 34
3,406 04
$S3,082 51
$83,721 18
$79,577 37
$83,924 52
$88,295 05
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Notes and bills red isco unted........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
85
STA TE BANKS OF MICHIGAN.
No. 104.
THE BRANCH COUNTY SAVINGS BANK, COLDWATER.
Organized October 14, 1890.
B. S. S p o f f o r d ,
P r e s id e n t ;
F. L. B u r d i c k , G.
W . V a n A k e n , V ic e P r e s id e n t s ;
M. W. W i m e r ,
C a s h ie r .
D i r e c t o r s .— B. S. Spofford, G. W. VanAken, N. A. Reynolds, F. L. Burdick, Alfred Milnes, N. Baldwin,
H. P. Woodward.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$192,661 75
$206,032 24
$195,513 86
$221,638 42
$201,818 71
Bonds, m ortgages and securities. .
230,019 33
224,501 33
221,340 65
217,667 65
215,545 40
1,727 93
1,807 78
2,112 76
1,075 45
810 79
Due from banks in reserve cities..
110,991 59
139,006 36
94,262 32
79,015 21
87,927 76
E xchanges for clearing h o u se.........
1,013 22
653 93
1,064 66
1,016 81
653 23
25,744 00
P r e m i u m s p a ir! o n lio n (is
O verdrafts............................................
R a n k in g
boil so
F u r n itu r e , a n d
f ix tu re s
O th e r re a l e s ta te
Due from other banks and bankers
(not r e s e r v e c it i e s )
Tf e rn s i n f.ra.n si t,
fT n ife d S t a t e s b o n d s
U. S. and N ational bank currency.
28.039 00
28,490 00
26,838 00
24,627 00
Gold co in .............................................
15.040 00
15,630 00
12,575 00
14,100 00
13,805 00
Silver coin............................................
3,594 70
3,929 25
3,248 20
4,076 70
3,871 00
Nickels and c e n ts..............................
192 99
209 55
183 64
173 06
195 13
T o tals............................................
$583,280 51
$620,320 44
$557,139 09
$563,390 30
$550,371 02
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
20,000 00
27,000 00
27,000 00
27,000 00
28,000 00
6,793 35
3,151 11
4,819 91
6,176 04
3,655 91
C hecks and
c a sh ite m s
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
30 00
i
Dividends unpaid
Commercial "deposits subject to
ch e c k .................................................
139,883 90
169,395 18
108,532 74
107,940 08
98,683 09
Commercial certificates of d ep o sit.
106,661 70
111,231 77
113,931 09
106,336 14
108,022 93
Savings d ep o sits................................
253,941 56
259,542 38
252,855 35
265,938 04
261,979 09
T o tals............................................
$583,280 51
$620,320 44
$557,139 09
$563,390 30
$550,371 02
Due to banks anil bankers
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
86
No. 358.
*THE COMMERCIAL AND SAVINGS BANK OF COLEMAN.
Organized December 26, 1906.
W m . D . G o r d o n , P r e s id e n t ; T h o s . E . M c C a n n , E d w i n T . H . S c o t t , V ic e P r e s id e n t s ;
W i l l E. R e a r d o n , Cashier.
D i r e c t o r s .— Joseph W. O’Brien, Ira T. Sayre, John H. Bodfish, Wm. D . Gordon, Thom as E. McCann,
Edw in T. H. Scott, Will E. Reardon.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$10,591 57
$16,792 30
Bonds, m ortgages and securities...
952 00
885 00
B anking house....................................
6,500 00
6,500 00
F u rn itu re and fixtures.....................
300 00
250 00
Due from banks in reserve c itie s ..
4,384 91
3,514 34
Exchanges for clearing h o u s e .. . .
401 90
Prem ium s paid on b o n d s.................
O verdrafts............................................
Expenses, interest and taxes p a id .
344 29
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit..................................
United S tates bonds.........................
J . S. and N ational b ank currency.
757 00
Gold c o in .............................................
540 00
Silver co in ...........................................
124 10
184 65
Nickels and c en ts..............................
6 17
8 02
T o tals............................................
$30,617 65
$29,309 60
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
200 00
300 00
831 00
Checks and cash ite m s ....................
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
301 58
Dividends u n p a id ..............................
Commercial deposits subject to
ch e c k .................................................
5,031 87
4,181 44
Commercial certificates of d e p o sit.
5,084 20
4,828 16
$30,617 65
$29,309 60
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
Savings certificates of d ep o sit. . . .
Notes and bills redisco unted.........
Bills p a y a b le .......................................
T o tals............................................
*Consolidated w ith Midland County Savings Bank, Midland, March 31, 1909.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
87
No. 292.
THE STATE BANK OF COLEMAN, COLEMAN.
Organized June 1, 1904.
C. H. N i g g e m a n ,
D
i r e c t o r s .— J.
P r e s id e n t ;
J. E. C u r t i c e ,
V ic e P r e s id e n t ;
P. T. H e r w i g ,
C a s h ie r .
E. Curtice, E. B. K napp, Francis B. Niggeman, C. D. Williams, C. H. Niggeman,
J. M. Allen.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$62,622 11
$60,580 12
$64,024 90
$66,402 44
$64,294 30
Bonds, m ortgages and securities...
11,220 75
8,656 75
8,141 75
7,596 75
6,584 75
Prem ium s paid on b o nds.................
O v erd rafts............................................
720 84
18 21
33 39
57 37
264 61
B anking house....................................
8,603 95
8,603 95
8,603 95
8,603 95
8,601 25
F u rn itu re and fixtures.....................
2,214 96
2,214 96
2,214 96
2,214 96
2,214 96
O ther real estate................................
Due from other banks and bankers
(not reserve c ities).......................
1,893 95
1,893 95
»
1,893 95
1,893 95
1,893 95
15,360 14
9,760 04
21,884 99
19,383 14
26,006 36
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities..
Exchanges for clearing h o u s e .. . .
U. S. and N ational bank cu rre n cy .
3,775 00
4,130 00
4,055 00
4,130 00
3,384 00
Gold c o in .............................................
3,015 00
2,950 00
3,117 50
2,947 50
2,340 00
Silver c o in ...........................................
482 30
359 45
264 50
462 55
562 90
Nickels and c e n ts..............................
57 83
81 91
116 39
103 14
80 09
Checks and cash ite m s ....................
585 87
143 70
459 09
310 89
T o tals............................................
$110,552 70
$99,393 04
$114,810 37
$114,106 64
$116,227 17
Liabilities.
C apital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
1,800 00
2,000 00
2,000 00
2,000 00
2,000 00
4,529 46
2,678 39
3,650 81
4,059 34
2,854 85
Dividends u n p a id ..............................
Commercial deposits subject to
c h e c k .................................................
36,356 03
30,371 10
35,104 35
32,178 94
34,228 73
Commercial certificates of d ep o sit.
41,613 69
37,556 22
41,699 73
43,666 58
44,858 44
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes p a id ..
70 00
300 00
87 94
Due to banks and b an k ers.............
Certified e.hee.ks.
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
6,253 52
6,487 33
7,355 48
7,201 78
7,127 21
5,000 00
5,000 00
5,000 00
$114,810 37
$114,106 64
$116,227 17
Savings ee.rtifieat.es of deposit,
S ta te monies on d ep o sit.................
Notes and bills rediseonnt.ed
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$110,552 70
$99,393 04
STATE BANKING DEPARTMENT.
88
No. 442.
*THE STATE BANK OF COLOMA.
Organized November, 28, 1909.
W
il l ia m
'H. B a l l ,
P r e s id e n t ; L e w i s U m p h r e y , V ic e P r e s id e n t ; C h a r l e s O. B a l l , C a s h ie r ;]
C.
M. B a 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 .—W illiam H. Ball, Ohas. O. Ball, A rvine S. Miller, L ym an Ingraham , Lewis U m phrey.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, ’09.
Loans and discounts.........................
Bonds, m ortgages and securities..
Prem ium s paid on b o n d s...............
O verdrafts............................................
B anking house....................................
F u rn itu re and fixtures.....................
O ther real e state...............................
Due from other banks and bankers
(not reserve cities).....................
Item s in tra n sit.................................
U nited S tates bonds.........................
Due from banks in reserve c itie s ..
Exchanges for clearing h o u se.........
U. S. and N ational bank cu rren cy .
Gold co in .............................................
Silver coin............................................
Nickels and c e n ts.. .
Checks and cash ite m s...................
T otals............................................
Liabilities.
Capital stock paid in .......................
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Dividends u n p a id ..............................
Commercial 'deposits subject to
ch eck .................................................
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstanding...........
Savings d ep o sits................................
Savings certificates of dep o sit........
Notes and bills rediscounted...........
Bills p a v a b le .......................................
T o tals..........................................
*Commenced business N ovem ber 23, 1909.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
89
STATE BANKS OF MICHIGAN.
No. 427.
E. HILL AND SONS’ STATE BANK, COLON.
Organized March 11, 1909.
T h o m a s J . H i l l , P r e s id e n t ; G r a n t E. F a r r a n d , V ic e P r e s id e n t ; F r a n k E. H i l l . C a s h ie r ;
J o h n A . K a r c h n 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 .—Thos. J. Hill, G rant E. F arrand, F rank E. Hill, S. V. Hill, Joseph Farrand.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Resources.
Loans and discounts.........................
$10,447 96
$21,185 05
$29,809 43
Ronds m ortgages find securities..
64,104 11
78,069 11
78,299 11
411 64
1 00
10,000 00
10,000 00
10,000 00
37,473 84
35,995 79
38,042 77
Prem ium s paid on Ponds
Overdrafts
....................................
Ran king1 house
.......................
F urn itu re a.nd fixtures
O ther real estate
Due from other banks and bankers
(not reserye cities)
Item s in t.ra.nsit,
United States bonds .
Rue from banks in reserve cities
Exchanges for clearing h o u se. .
U R and N ational hank currency
4,748 00
6,240 00
3,778 00
Oopl coin
1,000 00
2,255 00
2,700 00
1,252 60
435 00
577 60
Nickels and cents
64 45
79 24
135 99
Checks and ca.sh item s
55 93
116 38
562 61
$128,329 29
$154,929 81
$164,581 51
$40,000 00
$40,000 00
$40,000 00
147 46
427 67
660 49
71,950 23
75,268 06
55,429 91
16,231 60
39,234 08
68,491 11
$128,329 29
$154,929 81
$164,581 51
Silver coin
T ot a Is
Liabilities.
Capital stock pa,id in .
Surplus fund
Undivided profits, less current expenses interest, and faxes paid
Dividends unpaid
Commercial deposits
check
subject
to
Commercial certificates of d ep o sit.
Due to banks ami bankers
Certified checks
Cashier’s checks outstanding
Ravings certificates of deposit,
Totals
...................
12
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
90
No. 433.
THE COLUMBIAVILLE STATE BANK, COLUMBIAVILLE.
Organized May 29, 1909.
Ch a r l e s P
a t t e n , P r e s id e n t;
G e o r g e D . C l a r k e , V ic e P r e s id e n t ; R o s c o e C. W ix s o n , C a s h ie r .
D i r e c t o r s .— Charles P atten . S. C. Hallenbeck, H. N . Blue, 8. P. Seiden, C. D . Chapin, Wm. J . Hoxsie,
Wm. Thom , W. H. Wilson, Geo. D . Clarke, R. C. Wixson.
Resources.
Loans and discounts.........................
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
$4,000 49
Bonds, m ortgages and securities..'.
Prem ium s paid on b o n d s.................
O verdrafts............................................
Banking house....................................
F u rn itu re and fixtures.....................
1,458 59
Expenses p a id ....................................
166 24
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit..................................
U nited States bonds.........................
Due from banks in reserve cities..
15,346 41
Exchanges for clearing h ouse. . . .
U. S. and N ational bank c u rre n cy .
1,686 00
Gold co in .............................................
230 00
Silver c o in ...........................................
166 00
Nickels and c e n ts..............................
25 37
Checks and cash ite m s ....................
T o tals............................................
$23,079 10
Liabilities.
Capital stock paid in .......................
$18,365 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
2,709 10
Commercial certificates of d ep o sit.
774 00
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
145 00
Savings certificates of d ep o sit. . . .
1,086 00
Notes and bills red iscounted.........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$23,079 10
STATE BANKS OF MICHIGAN.
91
No. 32.
THE FARMERS’ STATE BANK OF CONCORD.
Organized November 20, 1886.
P e r c y E. C h a p p l e , P r e s id e n t ; J . H e n r y D a r t , V ic e P r e s id e n t ; C. V. C u t t i n g , C a s h ie r ;
V io l a K e e l e r , A s s i s t a n t C a s h ie r .
D ir e c t o r s .— Percy E. Chappie, H. E. Dewey, F. P. Dann, A. S. W olcott, W. H. Mage!, J. H enry
D art, C. V. Cutting.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, ’09.
Loans and discounts.........................
$100,193 57
$111,276 69
$106,085 53
$96,265 80
$110,765 16
Bonds, m ortgages and securities...
94,169 60
101,776 60
120,372 60
143,772 60
129,222 60
Prem ium s paid on b o n d s.................
O verdrafts............................................
24 12
204 68
28 91
Banking house....................................
7,200 00
7,200 00
7,200 00
7,200 00
7,200 00
800 00
800 00
800 00
800 00
800 00
77,643 11
65,535 61
64,988 60
63,438 56
56,773 84
99 35
F urniture and fixtures.....................
O ther real e state...............................
Due from other hanks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited S tates bonds.........................
Due from banks in reserve cities..
Exchanges for clearing house. . . .
CJ. S. and National bank cu rre n cy .
9,589 00
7,030 00
8,295 00
7,805 00
9,355 00
Gold c o in .............................................
7,015 00
7,005 00
7,300 00
7,370 00
7,565 00
Silver c o in ...........................................
550 00
800 00
490 00
270 00
510 00
Nickels and c e n ts..............................
24 30
97 29
43 88
51 84
54 28
452 36
175 79
Checks and cash ite m s ...................
T o tals............................................
$297,208 70
$301,725 87
$316,056 88
$327,149 59
$322,345 23
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
5,000 00
7,500 00
7,500 00
7,500 00
7,500 00
7,718 15
5,324 92
6,055 96
5,991 58
6,267 43
53,507 05
55,901 64
57,736 27
Surplus fu n d .................... ...................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject, to
ch eck .................................................
35 00
38 50
42,394 19
51,818 29
87 50
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
42,934 82
49,856 82
60,298 11
76,565 44
83,935 22
Savings certificates of deposit. . . .
174,126 54
162,187 34
163,695 76
156,190 93
141,818 81
$297,208 70
$301,725 87
$316,056 88
$327,149 59
$322,345 23
Notes and bills rediscounted.........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
92
No. 174.
COMMERCIAL STATE BANK OF CONSTANTINE, CONSTANTINE.
Organized August 1, 1894.
S a m u e l G i b s o n , P r e s id e n t ; J o h n B . G e o r g e , V ic e P r e s id e n t ; J a m e s A . M a r s h , C a s h ie r .
f!
D i r e c t o r s .— Samuel Gibson, John B. George, W. H. Burger, Charles M. Burger, John Blue,
Charles B. Hagenbuch, Jam es A. Marsh, R. T. Weir, K. W. H artm an.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
T,oans a,nd discounts.........................
$124,993 87
$130,789 33
$131,190 47
$126,481 99
$132,222 20
Bonds, m ortgages and securities..
70,067 47
69,252 35
69,022 35
68,572 35
68,200 95
O verdrafts............................................
913 73
2,356 00
4,025 13
1,764 34
1,003 05
Banking house....................................
7,839 00
7,839 00
7,839 00
7,839 00
7,839 00
F u rn itu re and fixtures.....................
2,270 00
2,270 00
2,270 00
2,270 00
2,270 00
2,635 00
1,801 25
3,489 94
1,124 06
2,446 81
37,875 83
38,795 40
25,007 86
34,470 58
23,489 32
U. S. and N ational bank cu rren cy .
9,615 00
6,025 00
8,105 00
6,403 00
7,966 00
Gold c o in .............................................
7,865 00
8,475 00
8,310 00
8,195 00
8,050 00
Silver coin............................................
938 25
1,564 00
547 90
658 45
744 65
Nickels and c e n ts..............................
79 18
85 05
32 07
140 27
119 60
Checks and cash ite m s....................
782 81
976 75
293 89
241 09
1,046 37
T o tals............................................
$265,875 14
$270,229 13
$260,133 61
$258,160 13
$255,397 95
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 OO
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
6,253 21
4,075 90
6,746 72
5,947 21
4,989 15
Dividends unpaid . .
Commercial deposits subject to
ch eck .................................................
40,850 35
48,313 18
45,783 23
38,528 29
39,852 81
Commercial certificates of d ep o sit.
22,614 50
14,011 31
7,413 29
6,458 29
prem ium s paid on b o n d s...............
O ther real estate...............................
Due from other banks and bankers
Item s in tra n sit.................................
United Sta tes b o n d s.. .
Due from banks in reserve cities..
Exchanges for clearing h o u se .........
Surplus fu n d .......................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
*
Due to banks a,nd bankers . .
Perfified checks
Pashier’s checks outstanding
Savings d ep o sits................................
90,348 55
91,511 79
80,354 11
87,952 78
87,819 70
Savings certificates of deposit........
55,808 53
62,316 95
69,836 26
69,273 56
72,736 29
$265,875 14
$270,229 13
$260,133 61
$258,160 13
$255,397 95
Notes and bills rediscounted
Bills pa.va.ble
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
93
STATE BANKS OF MICHIGAN.
No. 173.
THE FIRST STATE BANK OF CONSTANTINE, CONSTANTINE.
Organized June 28, 1894.
S. B. H a g e n b u c h , P r e s id e n t ; E. W. K e i g h t l e y , V ic e P r e s id e n t ;
G e o r g e C r o s s e t t H a r v e y , C a s h ie r .
D i r e c t o r s .— S. B. Hagenbuch. J. Mark H arvey, D. S. Crossett, E. W. Keightley, George Crossett
Harvey, L. A. Strohm , L. A. H arvey.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Ena,ns and discounts.........................
$ 1 8 3 ,7 7 7 38
$ 1 9 1 ,3 0 5 50
$ 1 8 9 ,7 1 1 89
$ 1 7 7 ,0 3 4 00
$ 1 7 6 ,3 2 1 44
Bonds, m ortgages and securities..
8 1 ,5 4 8 72
9 2 ,7 9 1 81
8 5 ,4 7 1 06
9 9 ,2 0 1 29
9 9 ,2 2 8 44
Prem ium s paid on b o n d s...............
549 71
399 68
131 31
122 61
122 61
O verdrafts............................................
1 ,7 1 8 07
270 37
841 33
3 ,7 9 9 66
2 ,0 6 6 70
B anking house....................................
7 ,2 3 7 34
7 ,0 0 0 00
7 ,0 0 7 00
7 ,4 2 5 05
7 ,6 8 7 6 4
F u rn itu re and fixtures.....................
1 ,2 4 0 00
1 ,2 0 0 00
1 ,2 5 0 00
1 ,3 4 7 66
1 ,2 0 1 00
5 ,0 2 3 59
1 ,9 3 8 79
1 ,0 4 5 94
4 ,6 8 0 2 4
3 ,4 3 5 28
2 8 ,5 1 0 61
2 5 ,9 8 9 26
2 5 ,5 2 0 23
2 4 ,7 7 3 54
3 0 ,7 6 7 84
O th e r re a l e s ta te
Due from other banks and bankers
(nof. r e s e r v e p i ti e s )
Item s in tra n sit.................................
U n ite d
R ta t.e s
bonds . .
Due from banks in reserve cities..
Exchanges
fo r
clearing bouse. .
U. S. and N ational b ank c u rre n cy .
6 ,8 1 0 00
7 ,3 2 2 00
8 ,8 5 7 00
7 ,7 0 9 00
8 ,0 5 1 00
Gold c o in .............................................
1 0 ,0 0 0 00
1 0 ,0 0 0 00
1 0 ,0 0 0 00
1 0 ,0 0 0 00
1 0 ,0 0 0 00
Silver coin............................................
1 ,4 9 4 75
1 ,2 1 5 75
445 50
1 ,2 9 5 25
839 00
Nickels and c e n ts..............................
146 2 3
187 34
72 99
8 5 78
100 65
Checks and cash ite m s ....................
1 ,5 8 8 35
1 ,3 5 5 90
3 ,8 1 6 90
270 85
2 ,8 4 5 76
T o tals............................................
$ 3 2 9 ,6 4 4 75
$ 3 4 0 ,9 7 6 40
$ 3 3 4 ,1 7 1 21
$ 3 3 7 ,8 0 4 93
$ 3 4 2 ,6 7 3 36
Liabilities.
Capital stock paid in .......................
$ 3 0 ,0 0 0 00
$ 3 0 ,0 0 0 00
$ 3 0 ,0 0 0 00
$ 3 0 ,0 0 0 00
$ 3 0 ,0 0 0 00
1 0 ,0 0 0 00
1 0 ,0 0 0 00
1 0 ,0 0 0 00
1 0 ,0 0 0 00
1 0 ,0 0 0 00
1 ,4 1 4 49
1 ,7 8 4 05
2 ,3 6 4 13
3 ,1 5 9 46
2 ,2 3 9 05
5 4 ,0 1 7 51
6 7 ,6 9 9 40
5 9 ,9 1 3 24
6 0 ,7 9 1 48
6 3 ,4 5 9 18
100 00
150 00
1 6 ,7 2 7 66
Surplus fu n d ......................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
Dividends unpaid
Commercial deposits subject to
ch e c k .................................................
Commercial certificates of deposit.
Certified c h e c k s .................................
18 00
38 05
15 00
18 10
Oasbier’s checks outstanding...........
91 05
552 80
2 1 3 99
335 30
111 80
Savings d ep o sits................................
8 ,7 1 0 50
8 ,9 0 5 37
9 ,9 9 0 32
1 1 ,0 3 9 62
1 1 ,8 0 2 51
Savings certificates of dep o sit........
2 2 5 ,3 9 3 20
2 2 1 ,9 9 6 73
2 2 1 ,5 6 8 53
2 2 2 ,3 1 0 97
2 0 8 ,3 3 3 16
T o tals............................................
$ 3 2 9 ,6 4 4 75
$ 3 4 0 ,9 7 6 40
$ 3 3 4 ,1 7 1 21
$ 3 3 7 ,8 0 4 93
$ 3 4 2 ,6 7 3 36
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
j
STATE BANKING DEPARTMENT,
94
No. 281.
COOPERSVILLE STATE BANK, COOPERSVILLE.
Organized October 27, 1903.
C o l o n C. L i l l i e , P r e s id e n t ; J o h n W e a t h e r w a x , V ic e P r e s id e n t ; M. D u r h a m , C a s h ie r ;
G e r t i e C o m s t 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 .— Colon C. Lillie, M. Durham , Henry Ferguson, John W eatherwax, Frederick D. Sm ith,
W alter I. Lillie, Mrs. Julia A. Lillie.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, 09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$82,541 62
$81,827 97
$88,242 87
$87,381 11
$84,765 12
Bonds, m ortgages and securities...
141,331 19
144,130 22
160,464 87
160,784 87
161,008 77
O verdrafts............................................
2,745 26
2,190 73
3,453 31
1,125 77
442 96
B anking house....................................
2,713 84
2.500 00
2.500 00
2.500 00
2.500 00
F u rn itu re and fixtures.....................
1,736 10
1.500 00
1.500 00
1.500 00
1.500 00
613 50
603 50
613 62
613 62
613 62
Prem ium s paid on b o n d s.................
Other real e state................................
Due from other banks and bankers
(not reserve cities).......................
347 00
1,404 75
Item s in tra n sit..................................
U nited States bonds.........................
Due from banks in reserve c itie s ..
21,588 44
28,625 24
21,921 81
33,964 05
44,024 14
E xchanges for clearing h o u se .. . .
U. S. and N ational bank cu rren cy .
1,765 00
1,428 00
3,340 00
1,350 00
4,094 00
Gold co in .............................................
9,275 00
9,325 00
9,725 00
9,825 00
10,145 00
Silver co in ...........................................
306 30
361 95
397 20
459 05
228 55
Nickels and c e n ts..............................
190 20
134 58
112 93
216 80
110 47
Checks and cash ite m s....................
147 00
705 51
3 86
433 30
285 91
T o tals............................................
$264,953 45
$273,332 70
$292,622 47
$300,153 57
$311,123 29
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
4,000 00
5,000 00
5,000 00
5,000 00
5,500 00
2,623 31
1,532 95
2,339 92
3,009 69
1,466 35
36,956 50
41,776 59
46,922 55
10,800 00
10,800 00
10,800 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
10 00
34,509 55
34,669 58
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
25,627 31
26,431 26
26,289 91
27,626 39
29,332 01
Savings certificates of deposit. . . .
178,193 28
185,688 91
191,196 57
191,823 56
196,872 15
39 57
117 34
230 23
$292,622 47
$300,153 57
$311,123 29
S uspense...............................................
Notes and bills rediscounted........
Bills p a y a b le .....................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$264,953 45
$273,332 70
STATE BANKS OF MICHIGAN.
95
No. 406.
THE STATE BANK OF MONTCALM COUNTY, CORAL.
Organized July 21, 1908.
J. S t e w a r t N e w e l l ,
P r e s id e n t ; T h o m a s H i l l , V ic e P r e s id e n t ; S.
H . S. N e w e l l , A s s i s t a n t C a s h ie r .
M. D in s m o r e ,
C a s h ie r ;
D i r e c t o r s .— J. Stew art Newell, Thomas Hill, W. D. Day, S. M. Dinsmore, E. A. B artlett, Lincoln
Avery, Michael C. Arbagast.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, ’09.
Loans and discounts.........................
$34,615 89
$32,488 14
$28,943 85
$35,010 98
$36,992 30
Bonds, m ortgages and securities..
2,975 58
3,944 33
17,214 65
20,302 90
21,001 30
1,000 00
Prem ium s paid on b o n d s...............
O verdrafts............................................
-
B anking house....................................
225 OO
F u rn itu re and fixtures.....................
1,000 00
1,000 00
1,000 00
1,000 00
O ther real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
125 00
125 00
5,565 17
4,130 83
4,160 82
1,070 00
-
Item s in tra n sit..................................
U nited States bonds.........................
Due from banks in reserve cities..
9,142 60
14,002 42
9,851 92
3,651 34
6,829 78
U. S. and N ational b ank cu rren cy .
1,744 00
2,731 00
2,251 00
2,676 00
2,009 00
Gold c o in .............................................
55 00
150 00
285 00
330 00
390 00
Silver coin............................................
398 20
418 90
120 75
257 50
357 50
Nickels and c e n ts..............................
12 13
2 19
29 62
37 22
2 34
Checks and cash ite m s ..................
133 74
142 35
55 51
49 04
37 95
T o tals............................................
$55,642 31
$59,010 16
$64,038 12
$64,509 98
$68,845 17
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
200 00
200 00
200 00
800 00
92 36
920 23
1,472 52
207 65
7,631 97
8,449 45
Exchanges for clearing h o u se.........
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
1,155 66
D ividends u n p a id ..............................
Commercial deposits subject to
ch eck ................................
10,387 90
9,514 91
Commercial certificates of d ep o sit.
13,584 05
18,494 13
10,514 70
10,708 76
9,208 10
14,355 63
Due to banks and b an k ers...............
Certified ch eck s..................................
Cashier’s checks o u tstanding...........
Savings d ep o sits................................
Savings certificates of dep o sit........
20,527 45
20,310 15
14,758 47
14,077 86
S tate monies on d ep osit...................
19,273 79
5,000 00
-
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$55,642 31
$59,010 16
$64,038 12
$64,509 98
$68,845 17
STATE BANKING DEPARTMENT.
9G
No. 339.
THE OLD CORUNNA STATE BANK, CORUNNA.
Organized May 9, 1906.
W. F. G a l l a g h e r , P r e s id e n t ; J o h n D r is c o l l , T. M. E u l e r , V ic e P r e s id e n t s ;
W. A. R o s e n k r a n s , C a s h i e r ; E . T. S i d n e y , 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. F. Gallagher, John Driscoll, T. M. E uler, W. A. Rosenkrans, E. T. Sidney,
A.
Resources.
A. H arper.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
1231,764 43
$229,957 88
$234,197 17
$257,051 55
$236,866 05
Bonds, m ortgages and securities...
118,200 50
122,475 50
147,455 50
154,862 50
156,460 50
Prem ium s paid on b o n d s.................
500 00
675 00
815 00
993 50
993 50
O verdrafts............................................
801 98
88 18
178 99
573 80
343 69
Ranking house....................................
14,000 00
14,000 00
14,000 00
14,000 00
14,000 00
4,000 00
4,000 00
4,000 00
4,000 00
F urn itu re and fixtures.....................
4,000 00
O ther real e state................................
Due from other banks and bankers
(not reserve cities).......................
4,609 38
Item s in tra n s it.................................
1,031 05
68? 15
3,799 37
2,625 39
2,594 29
27,863 99
38,481 15
61,272 35
36,769 82
40,107 40
2,100 00
1,604 00
995 61
"United States bonds.........................
Due from banks in reserve cities. .
exchanges for clearing house. . . .
1,100 00
U. S. and N ational b ank cu rre n cy .
14,740 00
14,807 00
10,529 00
10,529 00
12,023 00
Gold c o in .............................................
10,000 00
10,000 00
10,000 00
11,500 00
11,160 00
Silver co in ...........................................
1,500 00
2,000 00
1,900 00
900 00
1,000 00
Nickels and c e n ts..............................
74 66
102 38
164 10
133 72
197 09
Checks and cash ite m s ...................
1,625 33
798 54
780 03
891 18
271 45
T o tals............................................
$430,711 32
$440,167 78
$490,958 88
$494,830 46
$482,112 58
Liabilities.
Capital stock paid in .......................
$30,000 00
$30,000 00
$30,000 00
$30,000 00
$30,000 00
8,000 00
9,000 00
9,000 00
9,000 00
9,000 00
1,423 87
286 70
2,741 67
775 14
Interest, p a id .......................................
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
263 37
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
52,741 63
52,700 36
59,432 60
43,789 91
39,355 39
Commercial certificates of d ep o sit.
69,627 79
71,724 94
72,819 66
77,492 29
77,370 94
996 66
6,456 86
5,614 91
3,448 77
Due to ha.nks and b an k ers...............
Certified checks
............................
Cashier’s checks o u tstan d in g ..........
Savings d ep o sits................................
14,568 22
16,122 54
17,091 72
17,888 52
17,707 50
Savings certificates of dep o sit. . . .
254,349 81
259,336 58
296,158 04
308,303 16
304,454 84
$430,711 32
$440,167 78
$490,958 88
$494,830 46
Notes end bills red iscounted .........
Rills payable
..........................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$482,112 58
1
STATE BANKS OF MICHIGAN.
97
No. 183.
SANILAC COUNTY STATE BANK, CROSW ELL.
Organized December 26, 1895.
J
ohn
P . N ig g e m a n , J r ., P r e s id e n t ; R o b e r t G r a y , D. M c N a i r , V ic e P r e s id e n t s ; A. R . S c h e l l , C a s h i e r ;
F . L . F e n t o n , A s s i s t a n t C a s h ie r ; A . E . S l e e p e r , D. M c N a i r , A u d i t o r s .
D i r e c t o r s .— A. E. Sleeper, John P. Niggeman, Jr., D. McNair, R obert Gray, Jam es McColl.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, '09. Sept. 1, ’09.
Loans and discounts.........................
$229,468 27
$246,488 68
$249,954 49
$244,439 66
$241,861 34
Bonds, m ortgages and se c u ritie s..
78,957 50
88,987 28
93,498 10
91,203 40
99,733 27
Prem ium s paid on b o n d s...............
O v erd rafts............................................
1,711 16
709 02
328 81
1,070 24
1,024 87
B anking house....................................
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
F u rn itu re and fixtures.....................
2,741 46
2,778 46
2,843 46
2,873 46
2,873 46
O ther real e sta te ................................
Due from other banks and bankers
(not reserve c ities).......................
1,417 70
1,417 70
1,417 70
1,417 70
1,417 70
20 89
3,257 27
3,119 58
Item s in tra n sit.................................
915 61
1,262 54
2,300 84
12,816 51
4,982 00
78,504 44
71,565 32
61,080 88
69,592 80
76,616 01
U nited States bonds.........................
Due from banks in reserve c itie s ..
1,100 21
E xchanges for clearing h o u se .........
1,343 53
U. S. and N ational bank c u rre n cy .
18,750 00
18,746 00
19,455 00
17,359 00
22,463 00
Gold c o in .............................................
5,795 00
5,560 00
5,877 50
6,305 00
6,337 50
■Silver coin............................................
906 98
871 40
843 60
820 70
1,057 30
Nickels and c e n ts..............................
58 21
156 48
75 30
28 13
Checks and cash ite m s ...................
4 94
T o tals............................................
$421,731 27
$442,143 09
$440,258 63
$455,027 40
$464,962 06
Liabilities.
Capital stock paid in .......................
$35,000 00
$35,000 00
$35,000 00
$35,000 00
$35,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
12,867 71
8,180 38
11,306 58
12,354 08
12,149 43
Surplus fu n d ......................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
62 06
167 77
808 26
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
92,073 64
109,993 73
87,120 81
80,863 59
69,908 97
Commercial certificates of d ep o sit.
240,671 29
248,006 61
265,771 46
259,597 35
191,486 42
Due to banks and b an k ers...............
1,358 24
403 21
1,301 32
29,760 39
30,559 16
29,758 46
Certified checks..................................
Cashier’s checks outstanding . . . .
Savings dep o sits................................
S a v in g s
rertifinales of deposit........
42,604 58
54,469 19
14,607 80
.91,948 05
$455,027 40
$464,962 06
Notes and bills rediscounted...........
Rills p a y a b le .......................................
T o tals............................................
13
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$421,731 27
$442,143 09
$440,258 63
STATE BANKING DEPARTMENT.
98
No. 182.
STATE BANK OF CROSW ELL, CROSW ELL.
Organized December 4, 1895.
W j i . H. A i t k i n ,
A. H. M e d b u e y , V ic e P r e s id e n t ; F. J. B a t t e r s b e e ,
R. A. W e s t , A s s i s t a n t C a s h ie r .
P r e s id e n t ;
C a s h ie r ;
D i r e c t o r s .— Wm. H. Aitkin, M. C. Richardson, F. J. B attersbee, Melvin H. Aitkin. A. H. Medburv,
H. W. W ixon, F. P. Southworth.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$116,695 35
$121,723 11
$131,282 59
$141,417 84
$140,116 21
Bonds, m ortgages and se c u ritie s...
89,803 47
85,003 47
85,963 47
84,646 62
87,365 62
Prem ium s paid on b o n d s .. . : ........
O verdrafts.............................................
294 51
178 16
116 26
128 46
41 05-
Banking house....................................
2,750 00
2,750 00
2,750 00
2,750 00
2,750 00
F u rn itu re and fixtures.....................
1,800 00
1,800 00
1,800 00
1,800 00
1,800 00
O ther real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
3,000 00
3,000 00
2,500 00
2,500 00
2,500 00
3,005 16
846 42
343 58
3,364 56
3,111 16-
47,926 35
25,534 28
28,989 78
36,513 57
43,809 60-
Item s in tra n s it.................................
U nited States bonds....................... .
Due from banks in reserve cities. .
Exchanges for clearing house. . . .
U. S. and N ational b ank currency.
9,186 00
4,082 00
8,812 00
9,120 00
10,371 00
Gold c o in .............................................
5,500 00
6,010 00
6,010 00
6,010 00
6,000 00
Silver c o in ...........................................
145 20
282 95
128 00
319 50
704 10
Nickels and c e n ts..............................
186 46
221 65
251 28
304 88
344 11
Checks and cash ite m s....................
375 08
185 60
317 44
587 44
190 23
T o tals............................................
$280,667 58
$251,617 64
$269,264 40
$289,462 87
$299,163 08
Liabilities.
Capital stock paid in .......................
$22,000 00
$22,000 00
$22,000 00
$22,000 00
$22,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
419 47
999 89
2,375 91
4,530 69
219 0586,805 11
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
96,637 57
75,597 22
77,229 95
84,264 58
Commercial certificates of d ep o sit.
54,138 68
26,397 56
8,115 76
3,870 25
3,629
465 92
25 92
1,221 33
2,081 39
121,157 05
154,516 86
161,076 02
171,928 28
7,500 00
7,500 00
$289,462 87
$299,163 08-
Due to banks and b an kers...............
25-
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
Savings certificates of dep o sit. . . .
102,471 86
S tate monies on d ep o sit...................
N otes and bills red iscounted........
Bills "payable.......................................
T o ta ls............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$280,667 58
$251,617 64
$269,264 40
STATE BANKS OF MICHIGAN.
99
No. 176.
DAVISON STATE BANK, DAVISON.
Organized December 28, 1894.
A. B . C u l l e n ,
D ir e c t o r s .
P r e s id e n t ; I s r a e l H i l l , V ic e P r e s i d e n t ; W, G . B il l i n g s
M . A. M c B r a t n e y , A s s i s t a n t C a s h ie r .
C a s h ie r •
j
A . B . Cullen, Israel Hill, J. H. B axter, George Leach, F. H. Jaques S. T. Hall
W. G. Billings.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and d iscounts.......................
$77,162 63
$85,023 63
$85,156 67
$92,633 57
$80,431 93
Bonds, m ortgages and securities..
103,755 51
107,311 51
115,888 51
113,498 51
114,106 51
Prem ium s paid on b o n d s...............
O verdrafts..........................................
92 18
162 90
1,108 92
3,711 01
2,439 01
B anking house....................................
4,000 00
4,000 00
4,000 00
4,000 00
4,000 00
F urn itu re and fixtures.....................
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
Other real estate.............................
Due from other banks and bankers
(not reserve cities).......................
8,950 61
5,160 27
4,807 41
2,304 23
3,998 26
138 92
116 69
25,491 55
15,091 27
8,851 88
18,411 61
Item s in tr a n s it........................
U nited States bonds.........................
Due from banks in reserve c itie s ..
32,904 05
Exchanges for clearing h o u se .........
U. S. and N ational bank currency.
7,711 00
4,223 00
8,102 00
8,717 00
3,635 00
Gold c o in .......................................
2,640 00
3,102 50
3,072 50
3,420 00
4,350 00
Silver coin........................................
803 85
809 00
586 95
940 30
649 45
Nickels an d c e n ts............................
182 44
197 70
72 74
130 73
133 95
15 01
250 00
9 78
3 80
$239,202 27
$236,635 99
$239,253 66
$239,217 01
$233,159 52
$20,000 00
Checks and cash ite m s....................
T o tals..........................................
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
Surplus fu n d .....................................
Undivided profits, less current expenses, interest and taxes paid. .
3,100 00
3,300 00
3,300 00
3,300 00
3,500 00
6,867 22
5,739 63
. 6,809 00
5,758 67
4,338 96
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck ...............................................
31,629 10
33,418 11
31,728 35
35,127 58
31,458 91
177,605 95
174,178 25
165,416 31
170,030 76
173,781 65
12,000 00
5,000 00
$239,202 27
$236,635 99
$239,253 66
$239,217 01
80 00
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstanding...........
Savings d ep o sits..............................
Savings certificates of deposit........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$233,159 52
100
STATE BANKING DEPARTMENT.
No. 319.
T H E C IT IZ EN S’ STATE BANK OF DECATUR, DECATUR.
Organized A ugust 15, 1905.
F. W. T h o m a s ,
Ge o . T. P
P r e s id e n t ;
I). E. B r ig h a m , J. C. D t t n n in g t o n ,
o m e r o y , C a s h ie r ;
V ic e P r e s id e n t s ;
G e o . B . R o g e r s , A s s i s t a n t C a s h ie r .
D ir e c t o r s .— F rank W. Thomas, S. B. Monroe, D. E. Brigham, J. C. D unnington, Geo. T. Pomeroy,
Geo. B. Rogers, J. E. Maxwell, S. J. Sherrod, E. J. Rawson, A. J. Goble.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
SO1,358 99
870,402 72
873,409 17
881,868 70
$77,139 73
Bonds, m ortgages and securities...
38,283 43
37,177 43
39,578 43
39,317 43
38,572 43
O verdrafts............................................
323 73
1,389 00
. 1,863 33
1,426 03
975 72
Banking house....................................
8,720 00
8,720 00
8,720 00
8,720 00
•8,700 00
F urn itu re and fixtures.....................
1,350 00
1,350 00
1,350 00
1,350 00
1,300 00
18,046 88
17,389 10
17,867 72
10,007 58
13,689 92
U. S. and N ational bank c u rre n cy .
8,050 00
6,972 00
5,021 00
4,210 00
Gold c o in .............................................
1,150 00
1,195 00
1,375 00
1,095 00
610 00
Silver c o in ...........................................
852 00
810 50
904 20
022 70
1,658 00
Prem ium s paid on b o n d s.................
O ther real e state................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve c itie s ..
Exchanges for clearing h ouse. . . .
•
6,987 00
Nickels and c e n ts..............................
85 40
155 17
104 17
95 41
110 39
Checks and cash ite m s....................
30 33
67 60
183 18
407 38
963 31
T o tals............................................
8138,250 76
8145,634 58
$150,436 20
8149,120 23
$150,706 50
Liabilities.
Capital stock paid in .......................
820,000 00
820,000 00
$20,000 00
$20,000 00
$20,000 00
500 00
500 00
500 00
1,000 00
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
3,350 90
2,928 69
4,077 73
4,240 70
2,999 72
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
38,209 85
30,732 04
26,191 65
20,591 25
27,295 43
Savings d ep o sits................................
20,829 69
26,348 98
73,106 17
28,551 58
31,143 55
Savings certificates of dep o sit. . . .
55,800 32
65,124 87
26,500 05
69,236 70
68,267 80
8138,250 76
8145,634 58
$150,436 20
$149,120 23
.8150,700 50
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks. : ..............................
Cashier’s checks o u tstan d in g ...........
Notes and bills re d isco u n ted ........
Bills p a y a b le .......................................
T o ta ls............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
101
STA TE BANKS OF M ICHIGAN.
No. 102
THE FIRST STATE BANK OF DECATUR, DECATUR.
Organized September 19, 1890.
E.
B. C o p e e y ,
P r e s id e n t ;
A. W. H a y d o n ,
V ic e P r e s id e n t ;
L. D. H ilt .,
C a s h ie r .
D i r e c t o r s .— E. B. Copley, A. E. Lawrence, A. W. H aydon, Belle A. Baker, A. W. Copley.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
.$02,638 79
$87,253 99
$89,520 58
$82,820 51
$78,351 19
Bonds, m ortgages and securities..
70,082 21
81,622 45
91,527 45
106,604 45
113,779 45
O verdrafts....................... : ...................
1,334 53
685 19
3,090 89
797 60
1,625 71
B anking house....................................
9,000 00
9,000 00
9,000 00
9,000 00
9,000 00
F u rn itu re and fixtures.....................
2,040 39
2,104 14
2,104 14
2,000 00
2,000 00
O ther real e state ...................
Due from other banks and bankers
0,394 09
2,158 45
2,175 07
2,216 38
( n o t r e s e r v e c itie s )
700 00
50 00
795 71
53,721 23
40,040 63
25,217 45
18,652 02
19,122 76
TJ. S. an d N ational bank currency .
7,350 00
7,876 00
10,361 00
11,280 00
12,047 00
Gold co in ........................................... ..
2,069 00
3,189 00
3,416 00
3,816 00
5,261 00
Silver coin............................................
580 25
738 25
986 20
421 05
762 80
Nickels and c e n ts..............................
10 34
38 40
35 09
76 15
66 20
T o tals............................................
$221,832 83
$233,198 05
$238,212 96
$237,642 85
$244,932 49
Liabilities.
Capital stock paid in .......................
$30,000 00
$30,000 00
$30,000 00
$30,000 00
$30,000 00
0,000 00
6,000 00
6,000 00
6,000 00
10,000 00
9,208 46
5,869 18
6,665 59
8,009 34
2,736 79
42,749 25
Item s in tra n sit.................................
U nited S tates bonds........
Due from banks in reserve cities..
Exchanges for clearing h o u se .........
Checks and cash ite m s....................
Surplus fu n d ......................................
Undivided profits, less current expenses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch e c k .................................................
49,031 70
41,575 58
44,005 89
38,413 21
Commercial certificates of d ep o sit.
102,887 70
121,935 68
123,207 06
126,955 16
24,104 91
27,817 61
28,334 42
28,265 14
Due to banks and b ah k ers...............
Certified checks..................................
Cashier’s checks outstanding..........
Savings d ep o sits................................
Savings certificates of deposit........
27,440 77
132,005 68
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$221,832 83
$233,198 05
$238,212 96
$237,642 85
$244,932 49
102
STATE BANKING DEPARTMENT.
No. 196.
FARMERS’ STATE BANK OF DECKERVILLE, DECKERVILLE.
Organized June 25, 1897.
I r a A r n o t , P r e s i d e n t ; E. M. M a r k , V ic e P r e s id e n t a n d C a s h ie r ;
R . W i l l i s , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— Ira A rnot, M yra A. Mark, E. M. Mark, Vernie A. Wooley, Mark Davidson, John Blower.
A
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$108,458 06
$125,165 11
$134,430 74
$138,734 17
$141,839 08
Bonds, m ortgages and securities. .
38,942 87
35,436 37
34,680 04
33,270 54
33,947 02
884 58
224 18
345 33
504 09
1,335 99
B anking house..................................
1,971 74
1,971 74
1,971 74
1,997 74
1,971 74
F u rn itu re and fixtures.....................
3,134 GO
3,134 GO
3,161 95
3,101 95
3,187 95
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
2,290 44
9,263 28
1,080 22
15,094 70
7,458 34
10,793 99
21,837 22
13,010 38
Prem ium s paid on b o n d s...............
O verdrafts........................................
...............
3,410 10
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities..
Exchanges for clearing h o u se .........
890 56
U. S. and N ational bank c u rre n cy .
12,951 00
14,589 00
10,836 00
9,552 00
6,913 00
Gold c o in .............................................
1,970 00
2,400 00
4,000 00
4,185 00
3,710 00
Silver coin............................................
336 05
114 65
90 90
57 55
40 75
Nickels and c e n ts..............................
2 72
1 56
12 14
14 99
10 83
Checks and cash ite m s....................
1,640 83
999 89
970 05
145 24
T o tals............................................
$187,684 19
$200,649 39
$202,402 94
$214,285 30
$210,122 08
Liabilities.
Capital stock paid in .......................
$15,000 00
$15,000 00
$15,000 00
$15,000 00
$15,000 00
3,000 00
3,000 00
9,000 00
9,000 00
10,000 00
1,039 70
706 42
1,214 04
521 21
186 45
Surplus fu n d ........................................
U ndivided profits, less current expenses, interest and taxes p a id ..
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
28,522 17
29,897 70
24,780 27
27,968 90
32,646 43
Commercial certificates of d ep o sit.
134,155 73
139,104 46
131,770 28
129,275 53
125,368 32
Due to banks and b an k ers...............
5,966 59
12,940 81
8,635 58
17,519 60
11,920 88
5,002 77
5,000 00
5 000 00
Certified checks..................................
Cashier’s checks outstan ding...........
Savings d ep o sits................................
Savings certificates of d ep o sit........
S tate monies on d ep o sit...............
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$187,684 19
$200,649 39
7,000 00
10,000 00
10,000 00
$202,402 94
$214,285 30
$210,122 08
STATE BANKS OF MICHIGAN.
103
No. 195.
STATE BANK OF DECKER VILLE, DECKERVILLE.
Organized June 1, 1897.
W m . H. A i t k i n , P r e s id e n t ; G e o . B . F o r r e s t e r , V ic e P r e s id e n t ; C. E . M oC l u s k e y , C a s h ie r ;
C. A. D a f o 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 .— Wm. H. A itkin, H. C. Aitkin, Melvin H. A itkin, Geo. B. Forrester, M. C. Richardson.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans an d discounts.........................
S157.304 79
$146,044 87
$156,207 42
$152,919 16
$150,253 18
Bonds, m ortgages and securities...
18,931 55
23,939 57
24,122 29
22,523 62
25,285 22
Prem ium s paid on b o n d s.................
O verdrafts............................................
871 98
974 33
1,040 67
1,135 42
838 38
Banking house....................................
1,900 00
1,900 00
1,900 00
1,900 00
1,900 00
F u rn itu re an d fixtures.....................
1,560 00
1,590 00
1,580 00
1,580 00
1,510 00
Expenses and interest p aid ............
60 85
O ther real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
416 27
594 23
Item s in tra n sit..................................
U nited S tates bonds.........................
DueMrom banks in reserve cities. .
12,061 48
16,131 46
13,739 20
Exchanges for clearing h o u s e ....
13,047 63
14,054 02
501 61
568 74
U. S. and N ational bank cu rren cy .
8,193 00
6,859 00
4,909 00
6,132 00
6,793 00
Gold c o in .............................................
6,235 00
6,630 00
7,545 00
7,020 00
7,255 00
Silver c o in ...........................................
367 75
732 00
558 20
474 85
499 05
Nickels and c e n ts..............................
177 99
208 65
142 54
150 46
133 10
Checks and cash ite m s ....................
528 21
381 51
252 51
361 31
257 27
T o tals............................................
8208,131 75
$205,807 66
$211,996 83
$207,746 06
$210,002 04
Liabilities.
Capital stock paid in .......................
815,000 00
$15,000 00
$15,000 00
$15,000 00
$15,000 00
3,000 00
3,000 00
3,000 00
3,000 00
3,000 00
1,844 09
3,741 26
4,653 91
4,501 56
49,074 55
50,370 25
50,196 15
46,589 73
5,954 23
52 65
2,631 83
223 08
133,258 88
133,643 50
136,514 94
133,431 69
129,887 56
5,000 00
5,000 00
$207,746 06
$210,002 04
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
45,485 52
11,628 96
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
Savings certificates of deposit. . . .
St&te monies on d ep o sit.................
Notes and bills rediscounted..........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8208,131 75
$205,807 66
8211,996 83
104
STATE BANKING DEPARTMENT.
No. 335.
THE DEERFIELD STATE BANK, DEERFIELD.
Organized March 27, 1906.
W. F. W e i s i n g e r ,
P r e s id e n t ; D a l e M u n s o n , V ic e P r e s id e n t ;
V. B. C a n n o n ,
C a s h ie r .
D i r e c t o r s .— W. F. Weisinger, Daniel Diver, N athan Bragg, George Cannon, Dale Munson.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, '08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
147,744 20
$53,059 42
$52,200 43
$53,394 03
$55,559 08
Bonds, m ortgages and se c u ritie s..
10,575 00
16,575 00
18,050 00
21,498 75
22,998 75
813 01
226 71
172 06
15 57
295 37
2,000 00
2,000 00
2,000 00
2,000 00
2,000 00
Prem ium s paid on b o n d s...............
O verdrafts............................................
Banking house....................................
F u rn itu re and fixtures.....................
Other real e sta te ...............................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
1
U nited S tates bonds.........................
Due from banks in reserve cities..
10,595 99
13,270 43
15,854 65
12,919 27
8,487 07
Exchanges for clearing h o u se .........
S. and N ational bank cu rre n cy .
7,076 00
4,246 00
3,680 00
5,686 00
2,619 00
Gold c o in .............................................
370 00
795 00
1,330 00
1,855 00
1,965 00
Silver coin............................................
378 75
1,135 95
948 00
694 45
957 00
Nickels and c e n ts..............................
74 31
96 16
147 22
146 00
173 05
Checks and cash ite m s ...................
134 43
40 40
382 51
. 648 12
34 58
T o tals............................................
$85,701 09
$91,445 07
$94,764 87
$98,857 19
$95,088 90
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
2,000 00
2,184 00
2,184 00
2,184 00
2,294 00
1,450 02
313 48
832 96
1,061 33
710 00
TJ.
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
472 50
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
14,071 18
18,848 13
19,846 77
22,263 80
19,243 82
Commercial certificates of d ep o sit.
5,746 08
6,863 77
5,101 74
4,104 94
2,127 94
42,494 41
42,763 19
46,799 40
49,243 12
50,713 14
$85,761 69
$91,445 07
$94,764 87
$98,857 19
$95,088 90
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstanding..........
Savings d ep o sits................................
Savings certificates of deposit........
Notes and bills rediscounted...........
Rills p a y ab le.......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
[105
No. 301.
THE DELTON STATE BANK, DELTON.
Organized November 3, 1904.
A. A. A l d r i c h ,
P r e s id e n t;
J. G. H u g h e s ,
V ic e P r e s id e n t ;
C. F. M o r e a u ,
C a s h ie r .
D i r e c t o r s .— A. A. Aldrich, J. G. Hughes. Donald McLeay, William E lliott, L. P. Teerpening,
Geo. J. Doster, T. A. Aldrich.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
142,598 29
$49,839 72
$42,869 61
$43,577 08
$39,496 46
Bonds, m ortgages and securities...
44,059 33
49,012 29
49,847 89
53,997 18
64,280 68
1,800 00
Prem ium s paid on b o n d s.................
O verdrafts............................................
254 99
229 87
205 51
Banking house....................................
1,800 00
1,800 00
1,800 00
1,800 00
903 97
1,826 58
1,784 76
5,806 90
938 71
1,151 32
605 00
1,000 00
2,607 50
21,217 29
27,067 72
24,356 12
20,159 26
207 61
F urniture and fixtures.....................
Other real e state...............................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited S tates bonds.........................
Due from banks in reserve cities..
31,086 84
Exchanges for clearing house. . . .
U. S. and National bank cu rre n cy .
3,856 00
3,993 00
4,338 00.
4,196 00
3,679 00
Gold c o in .............................................
2,650 00
2,700 00
2,590 00
2,085 00
2,780 00
Silver c o in ...........................................
221 35
268 25
127 75
218 50
485 95
Nickels and c e n ts..............................
121 97
143 46
120 44
72 37
137 47
Checks and cash ite m s ....................
1,492 60
153 49
35 86
101 92
173 89
T o tals............................................
*129,042 34
$132,335 27
$131,392 54
$137,871 07
$136,746 53
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
425 00
1,000 00
1,000 00
1,000 00
1,000 00
2,927 38
1,357 09
3,213 45
2,489 56
2,655 11
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
20,930 32
22,342 91
21,315 34
27,250 18
22,494 47
12,880 10
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified c h e c k s .................................
500 00
Cashier’s checks outstanding
Savings d ep o sits................................
0,804 41
8,894 81
10,275 16
11,237 60
Savings certificates of deposit. . . .
77,955 23
78,740 46
76,588 59
75,893 73
77,216 85
$129,042 34
$132,335 27
$131,392 54
$137,871 07
$136,746 53
Notes and bills rediscounted. . .
Bills p a y a b le .....................................
T o tals............................................
14
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
103
No. 73.
CENTRAL SAVINGS BANK, DETROIT.
Organized April 19, 1888.
W. P. H o l l id a y ,
C. P. C o l l i n s , V ic e P r e s id e n t ; H
M e y e r B i n g , A s s i s t a n t C a s h ie r .
P r e s id e n t ;
arry
J. F o x ,
C a s h ie r ;
D i r e c t o r s .— W. P. Holliday, Wm, T. Gage, H arry J. Fox, C. P. Collins, Alex. I. McLeod,
E dgar Rexford, Samuel T. Douglas.
R eport of
R eport of
R eport of
R eport of
R eport of .
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Resources.
$514,406 53
$560,215 31
$612,785 59
$586,775 22
$638,892 05
Bonds, m ortgages and se cu rities... 1,093,557 65
1,086,515 44
1,097,858 78
1,269,350 21
1,378,680 44
Loans and discounts.........................
Prem ium s paid on b o n d s.................
O verdrafts............................................
357 03
1,592 23
512 29
989 54
769 65
Banking house....................................
28,026 07
28,026 07
29,726 07
29,726 07
29,726 07
F urn itu re and fixtures.....................
20,943 22
20,000 00
20,000 00
20,000 00
20,000 00
O ther real estate...............................
Due from other banks and bankers
(not reserve cities).......................
2,527 82
51,916 47
51,670 24
44,465 73
44,214 81
8,646 52
694 00
41 60
190,931 41
Item s in tra n sit.................................
128 30
U nited States bonds.........................
Due from banks in reserve c itie s ..
178,173 59
175,741 77
355,485 27
237,990 21
Exchanges for clearing house. . . .
28,146 85
38,028 74
31,692 75
24,735 16
54,368 70
U. S. and N ational bank currency.
82,954 00
98,297 00
82,745 00
88,082 00
82,949 00
Gold c o in .............................................
11,477 50
13,940 00
20,498 50
24,287 50
20,907 50
....
8,658 00
16,373 00
9,230 00
10,949 00
11,833 00
Nickels and c e n ts..............................
350 64
538 79
307 68
458 35
320 58
Checks and cash ite m s....................
466 53
170 22
91 39
204 46
396 94
T o tals............................................ $1,970,173 73 •$2,091,355 04 $2,321,250 08 $2,338,707 45
$2,474,031 75
Silver co in ............................
Liabilities.
Capital stock paid in .......................
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes paid*..
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
$100,000 00
$100,000 00
$100,000 00
$100,000 00
$100,000 00
50,000 00
60,000 00
60,000 00
60,000 00
60,000 00
38,684 40
7,407 24
9,968 46
15,747 82
16,404 02
350,428 87
395,268 09
518,102 59
500,483 64
526,105 95
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks................................
2,510 27
753 85
1,756 74
685 62
872 55
Cashier’s checks o u tstan ding...........
8,676 66
2,100 63
1,528 54
7,323 62
2,157 00
Savings dep o sits................................
1,335,401 37
1,420,653 09
1,541,093 58
1,565,940 11
1,686,648 34
84,472 16
99,172 14
88,800 17
88,526 64
81,843.89
T o tals............................................ $1,970,173 73 $2,091,355 04 $2,321,250 08 $2,338,707 45
$2,474,031 75
Savings certificates of d e p o s it.. . .
Notes and bills rediscounted........
Bills p a y a b le .......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKS OF MICHIGAN.
107
No. 82.
*THE CITIZENS’ SAVINGS BANK, DETROIT.
Organized March 2, 1885.
R. H . F y f e ,
P r e s id e n t ; H u g h W a l l a c e , V ic e P r e s id e n t ; F r a n k F . T i l l o t s o n , C a s h ie r ;
F r e d e r i c k J. K i r t s , A s s i s t a n t C a s h i e r ; C h a r l e s E . B r y a n t , A u d ito r .
D i r e c t o r s .—Thomas Berry, Charles A. K ent, F rank F. Tillotson, R. H . Fyfe, W. F. Jewell, George
Osius, D avid S. Carter, Gaylord W. Gillis, F rank Filer, H ugh Wallace, Levi L. Barbour.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, '09.
Resources.
Loans and discounts.........................
$953,521 92
$862,877 46
Bonds, m ortgages and securities...
568,541 70
569,608 34
Prem ium s paid on b o n d s.................
3,505 99
3,505 99
O verdrafts............................................
20 06
76 05
F u rn itu re and fixtures.....................
8,500 00
8,500 00
Other real e sta te ...............................
Due from other banks and bankers
(not reserve cities).......................
87,135 88
87,135 88
11,621 94
20,838 26
Banking house....................................
»
Item s in tra n sit.................................
U nited S tates bonds.........................
Due from banks in reserve cities..
172,630 28
126,255 43
Exchanges for clearing h o u s e .. . .
24,771 02
26,907 70
U. S. and National bank currency.
85,163 00
95,718 00
Gold c o in .............................................
41,489 50
59,670 00
4,394 00
3,413 50
201 93
245 85
S ilv e r
c o in ..................
Nickels and c e n ts..............................
Checks and cash ite m s...................
T o tals..........
$1,961,497 22 $1,864,752 46
Liabilities.
in .............
C a p ita l s to c k p a id
S u r p lu s f u n d .
U ndivided profits, less current ex
penses, interest and taxes p a i d ..
$200,000 00
$200,000 00
50,000 00
50,000 00
13,467 41
10,157 56
689,620 42
002,022 95
112 50
D iv id e n d s u n p a id . .
Commercial
check.
deposits
subject
to
3,297 00
162 00
136,473 13
157,730 22
C e r ti f ie d c h e c k s
2,295 60
9,721 12
C a s h i e r ’s c h e c k s o u t s t a n d i n p ’
1,336 89
4,438 16
716,040 59
705,569 74
148,966 18
124,838 21
Commercial certificates of d ep o sit.
Thie f.n b a n k s
an d b a n k e rs
S a v in g s d e p o s its
.
Savings certificates of deposit. . . .
Tsfotes a n d b i ll s
re d is c o u n te d
B ills p a .y a h l e
T o ta ls
*In Liquidation.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,961>497 22 $1,864,752 46
...............
IOS
STA TE BANKING D EPA RTM EN T.
No. 47.
THE DETROIT SAVINGS BANK, DETROIT.
Organized 1849. Reorganized July 18, 1871.
Corporate existence extended June 7, 1901.
D. C. D e l a m a t e r , P r e s id e n t ; C h a r l e s A. D e a n ,
V ic e P r e s id e n t ; E. C. B o w m a n . A s s i s t a n t to th e P r e s id e n t ,
C y r u s B o s s , C a s h ie r ; T . F . H a n c 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 .— George Hendrie, D. C. D elam ater, Charles A. Dean, E. A. Cliapoton Philip H McMillan
Sidney T. Miller, S trath earn Hendrie, A rthur M. P arker, John M. Dwyer.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09 June 23, ’09. Sept. 1, ’09.
Resources.
Loans and discounts.......................
$1 687 103 53 $1,555,141 2S •$1,545,623 48 $1,486,432 10
Bonds, m ortgages and securities. . 5,832,315 05
5,909,023 64
Prem ium s paid on b o n d s...............
O verdrafts..................................
6,049,353 60
6,235,579 56
2,657 01
2,007 91
$1,362,665 19
6,357,926 10
190 93
606 97
147 07
302 90
B anking house..................................
51,117 56
67,145 69
78,866 21
77,890 91
F urniture and fixtures...................
5,425 13
5,298 38
5,441 38
6,298 88
6,236 03
174,163 39
145,753 23
139,757 28
130,672 94
O ther real e state............
Due from other banks and bankers
(not reserve cities).....................
Item s in tra n sit.......................
87,028 58
1,700 00
3,940 00
5,348 25
53 98
1,096 48
U nited States bonds.........................
200,000 00
200,000 00
200,000 00
200,000 00
200,000 00
Due from banks in reserve cities..
599,230 59
694,059 2.1
846,109 36
706,184.74
808,943 68
40,113 26
87,314 76
37,694 18
48,622 71
37,442 C6
U. S. and N ational bank c u rre n cy .
377,038 00
452,039 00
419,663 00
442,184 00
465,359 00
Gold c o in .......................................
249,185 00
279,782 50
253,037 50
303,755 00
Silver coin.....................................
19,459 95
7,069 10
8,737 05
10,624 65
10,726 65
Nickels and c e n ts..........................
2,153 73
2,111 94
2,363 42
2,590 08
1,404 43
Checks and cash ite m s .............
2,661 77
0,493 84
1,781 11
2,123 91
3,476 96
$9,241,857 89 $9,415,779 54 $9,023,205 49 $9,613,691 17
$9,778,061 40
Exchanges for clearing h o u se. . . .
T o ta ls.. x.......................
Liabilities.
Capital stock paid in .....................
Surplus fu n d ...........................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ...................
Commercial deposits subject
ch eck ......................................
$400,000 00
$400,000 00
$400,000 00
$400,000 00
400,000 00
400,000 00
400,000 00
400,000 00
400,000 00
254,140 65
270,567 93
277,789 25
283,985 61
270,269 70
700,721 04
$400,000 00
to
748,395 56
714,799 16
711,909 53
691,407 78
Commercial certificates of d ep o sit.
45,492 79
65,172 09
42,937 49
S5.868 85
48,937 18
Due to banks and b an k ers.............
86,804 96
93,886 57
109,033 03
57,584 69
116,835 07
Certified checks................................
2,924 62
5,923 65
262 88
24,791 41
1,242 76
Cashier’s checks outstanding...........
2,436 47
5,015 24
3,355 08
4,440 08
3,279 13
7,199,157 33
7,365,403 93
7,553,257 00
7,548,399 57
7,729,463 18
102,505 51
95,010 97
124,600 63
117,213 18
107,313 34
$9,241,857 89 $9,415,779 54 $9,623,205 49 $9,613,691 17
$9,778,061 40
Savings d ep o sits..............................
Savings certificates of dep o sit........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals.............................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
109
STA TE BANKS OF MICHIGAN.
DETROIT TRUST COMPANY, DETROIT.
Organized November 15, 1900.
A l e x a n d e r M c P h e r s o n , P r e s id e n t ; E d w a r d H. B u t l e r , S i d n e y T. M i l l e r , V ic e P r e s id e n t s ; H o w
a r d J. L e s h e r , T r e a s u r e r ; R a l p h S t o n e , S e c r e t a r y ; L a w r e n c e K. B u t l e r , A s s i s t a n t T r e a s u r e r ;
C h a s . P . S p i c e r , J o s e p h A . B o w e r , A s s i s t a n t S e c r e ta r ie s ; M c P h e r s o n B r o w n i n g , M g r . B o n d
D e p a r tm e n t ; F r e d W i x s o n , M g r . A u d i t D e p a r tm e n t.
D i r e c t o r s .— Ammi W. W right, Jam es E. Davidson, Frederick E. Driggs, Charles A. Dean, Jam es
N. W right, Elisha H. Flinn, H enry P. Baldwin, Chester G. W hite, Edwin C. Nichols, George
Peck, E dw ard H. Butler, John H. Avery, Daniel L. Quirk, Jr., Alexander McPherson, Sidney
T. Miller, F rank W. Gilchrist, F rank W. E ddy, Rasm us Hanson, Lucius Lilley, E dw ard D. Stair,
Benton H anchett, Jam es E. Danaher, Samuel T. Douglas, A rthur H. Buhl, Benjam in F. B erry,
W alter Scotten.
Resources.
Collateral loans.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. .5, '09. April 28, '09. June 23, ’09. Sept 1, ’09.
T im e..................... $2,137,084 30 $1,894,502 17 $2,110,946 83 $1,954,416 32
$1,764,924 02
D em and...............
Loans on real estate m ortgages:
In office........................................
209,950 63
221,055 49
242,372 36
295,534 86
209,986 64
58,393 30
159,667 13
162,086 44
151,482 31
188,482 53
W ith S tate T reasurer..............
147,700 00
146,200 00
157,300 00
143,300 00
148,050 00
In office................................
G25,572 29
604,476 42
496,473 05
753,8S8 40
708,267 95
W ith S tate T re a s u re r.. . .
54,000 00
57,000 00
47,000 00
57,000 00
62,000 00
Advances to t r u s t s .. . . . A .............
6,226 00
6,254 68
6,808 28
6,223 4S
25,990 74
P rem ium s p a id ...................................
1,817 00
1,817 00
1,758 00
1,758 00
1,758 00
467,807 33
817,806 18
1,114,327 15
1,267,394 79
1,347,147 08
50,053 49
50,078 27
51,262 94
12,235 14
O ther loans..........................................
Bonds:
S to ck s....................................................
Real estate ow n ed ............................
O ther investm ents.............................
S afety deposit v a u lts .......................
F u rn itu re and fixtures.....................
Due from approved reserve a g e n ts.
Due from other banks and b a n k e rs.
Cash ite m s ...........................................
899 22
4,493 92
1,268 22
1,505 44
Nickels and c e n ts..............................
2 68
2 75
2 09
97
1 16
Silver coin............................................
39 25
39 00
17 50
‘25 05
24 85
5,605 00
Gold c o in .............................................
350 00
420 00
5,455 00
5,540 00
U. S. and N ational bank notes. . . .
2,880 00
3,242 00
7,043 00
8,196 00
9,880 00
T o ta ls............................................ $3,713,322 00 $3,917,037 34 $4,402,971 41 $4,696,343 S9
$4,535,616 05
Liabilities.
C apital stock paid in .......................
$500,000 00
$500,000 00
$500,000 00
$500,000 00
$500,000 00
500,000 00
500,000 00
500,000 00
500,000 00
500,000 00
575,334 05
551,036 19
613,012 93
613,642 10
628,385 55
2,120,774 55
2,338,567 02
2,768,099 78
3,047,992 16
2,876,970 20
Accrued in terest and tax es............
12,213 40
22,434 13
21,858 70
24,709 63
20,260 30
Reserved for d iv id ends...................
5,000 00
5,000 00
10,000 00
10,000 00
T o tals............................................ $3,713,322 00 $3,917,037 34 $4,402,971 41 $4,696,343 89
$4,535,616 05
Surplus f u n d .......................................
Undivided profits (less expenses,
interest and takes p a i d ) ..............
Dividends u n p a id ..............................
T ru st d ep o sits....................................
D eb en tu res...........................................
O ther liab ilities..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
110
STA TE BANKING D EPA R TM EN T.
No. 386.
THE DETROIT UNITED BANK, DETROIT.
F r a n k B. L e l a n d , P r e s id e n t ; F r e d M. W a r n e r , V ic e P r e s id e n t ; C h a r l e s B. C r a m e r , C a s h ie r .
D i r e c t o r s .— Waldo A. Avery, Fred M. W arner, H enry Stephens, F rank B. Leland, Albert F. Peck
H enry W. S tandart.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09 June 23, ’09 Sept. 1, ’09.
Loans and discounts.........................
Bonds, m ortgages and securities. . §1,415,188 66 $1,464,464 14 $1,542,901 57 $1,562,269 93
$1,730,086 65
Prem ium s paid on b o n d s...............
O verdrafts............................................
Banking house................................
F urniture and fixtures...................
Other real estate...........................
Due from other banks and bankers
(not reserve cities).....................
>
87,342 37
116,762 02
114,972 46
156,004 73
125,794 62
307,317 16
Item s in tra n sit...............................
U nited S tates bonds.........................
Due from banks in reserve cities. .
250,788 41
276,555 02
414,529 67
428,543 22
Exchanges for clearing house.........
6,124 63
3,300 93
93 71
249 88
567 83
U. S. and N ational bank cu rre n cy .
26,536 00
23,427 00
31,789 00
20,131 00
28,882 00
Gold c o in .......................................
55,857 50
60,455 00
64,990 00
71,437 50
74,990 00
157 SO
106 60
152 15
117 55
85 50
63 03
110 28
88 52
110 85
32 74
$1 «42 0.5« 40 $1,945,180 99 $2,169,517 08 $2,238,864 66
$2,268,356 50
Silver coin.........................
Nickels and c e n ts.......................
Checks and cash ite m s....................
T o tals............
Liabilities.
Capital stock paid in .....................
Surplus fu n d .............................
Undivided profits, less current ex
penses, interest and taxes paid. .
§250,000 00
$250,000 00
$250,000 00
$250,000 00
$250,000 00
10,000 00
20,000 00
20,000 00
25,000 00
25,000 00
24,480 27
4,625 56
17,892 70
19,552 63
6,486 57
1,350,939 70
1,468,757 34
1,646,193 03
1,681,270 58
1,736,676 99
200,638 43
201,798 09
235,431 35
263,041 45
250,192 94
§1,842,058 40 $1,945,180 99 $2,169,517 08 $2,238,864 66
$2,268,356 50
Dividends u n p a id ............................
Commercial deposits subject to
ch eck ..................................
Commercial certificates of d ep o sit.
Due to banks and b an k ers.............
Certified checks................................
Cashier’s checks outstanding..........
Savings d ep o sits..............................
Savings certificates of deposit........
Notes and bills rediscounted...........
Bills p a y a b le ............................
T otals.............................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
m
STATE BANKS OF MICHIGAN.
No. 9.
THE DIME SAVINGS BANK, DETROIT.
Organized April
5,
1884.
W i l l ia m L i v i n g s t o n e , P r e s id e n t ; G e o r g e H . B a r b o u r , J . L . H u d s o n , V ic e P r e s id e n t s : C h a s . A .
W a r r e n , C a s h ie r ; F . F . T i l l o t s o n , L. C. S h e r w o o d , D . S. C a r n e g i e , C. E . P a r t r i d g e , A s s i s t a n t
C a s h ie r s ; G e o r g e T . B r e e n , A u d i t o r .
D i r e c t o r s .— William Livingstone, George H. Barbour, J. L. Hudson, Chas. A. W arren, Jas. B. McKay,
B ethune Duffield, Marshall H. Godfrey, A. C. Stellwagen, H. N. Hovey, John Pridgeon, Jr., Jas.
E. Danaher, H ugh Wallace, R. H. P'yfe, H enry Ford.
Resources.
R eport of
Nov. 27', ’08
R eport of
R eport of
R eport of
R eport of
Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, ’09.
Loans and discounts......................... $2,424,343 60 $2,144,581 78 $3,139,501 18 $3,198,317 19
Bonds, m ortgages and securities... 2,452,839 52
2,495,147 75
Prem ium s paid on b o n d s.................
O verdrafts..........................................
Banking house.............................. : .
F urniture and fixtures...................
Other real estate...............................
Due from other banks and bankers
(not reserve, cities).......................
Item s in tra n sit.................................
$3,239,219 84
3,112,074 11
3,089,575 63
3,436,635 75
3,761 12
3,067 36
5,475 26
71 71
905 44
335 86
701 47
548 30
51,991 29
94,491 29
94,491 29
144,491 29
173,991 29
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
120,593 23
120,593 23
195,393 23
187,628 23
191,106 19
2,401 32
2,622 98
12,543 59
14,464 38
12,475 82
1,075,066 96
United States bonds.......................
Due from banks in reserve cities. .
501,247 13
849,480 56
882,435 77
1,060,739 52
Exchanges for clearing h o u s e .. ..
97,876 31
149,666 91
161,802 42
189,418 12
145,058 54
(J. S. and N ational bank currency.
224,178 00
197,073 00
247,067 00
251,876 00
187,833 00
Gold c o in .............................................
167,775 00
155,524 50
1S9.545 50
206,026 00
167,737 00
Silver c o in ...........................................
14,308 67
13,873 50
12,629 05
15,563 42
10,820 75
Nickels and c en ts..............................
678 63
1,459 49
1,833 69
1,026 12
1,360 31
Checks and cash ite m s....................
360 51
9,720 45
2,118 98
1,250 91
597 00
$6,123,664 92 $6,240,140 88 $8,060,532 79 $8,369,145 64
$8,652,926 01
T o tals......................................
Liabilities.
Capital stock paid in .......................
$500,000 00
$500,000 00
$500,000 00
$500,000 00
$500,000 00
250,000 00
250,000 00
250,000 00
250,000 00
250,000 00
35,749 17
28,285 13
40,717 47
49,396 65
46,919 62
Dividends u n p a id ..............................
400 00
Commercial deposits subject to
ch eck ................................................. 1,574,558 53
240 00
348 00
106 00
166 00
1,699,445 70
2,347,054 26
2,646,068 82
2,939,789 39
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
50,364 57
39,379 17
223,977 90
228,096 27
209,386 45
Certified checks..................................
9,824 15
13,465 27
14,552 06
12,203 69
12,060 15
Cashier’s checks o u tstan d in g ...........
17,249 79
11,592 22
7,307 85
20,621 37
3,647 89
Savings dep o sits................................
3,456,452 46
3,481,154 62
4,285,630 68
4,295,097 89
4,339,369 64
Savings certificates of deposit. . . .
220,257 59
205,886 11
377,495 39
351,119 83
349,086 87
Reserved for ta x e s ...........................
8,808 66
10,692 66
13,449 18
16,435 12
2,500 00
T o tals............................................ $6,123,664 92 $6,240,140 88 $8,060,532 79 $8,369,145 64
$8,652,920 01
Notes and bills rediscounted........
Bills p a y a b le .......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKING D EPA R TM EN T.
112
No. 357.
FAIR VIEW SAVINGS BANK, DETROIT.
Organized December 20, 1906.
W m . E . M o s s , P r e s id e n t ; P a u l H . D e m i n g , V ic e P r e s i d e n t ; W . J . H a y e s , C a s h ie r .
D ir e c t o r s .— Wm. E. Moss, H enry E. Bodman, F rank A. Kelly, W. J. Hayes, P aul H. Deming,
R.
D. Chapin, J. W. Thompson, Joseph A. Belanger, Jam es J-. Brady.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, 09.
Loans and discounts.........................
$34,041 21
$32,259 71
$35,600 96
$43,165 13
$43,703 74
Bonds, m ortgages and se c u ritie s...
75,453 99
79,588 22
93,025 23
135,095 18
159,077 31
Prem ium s paid on b o n d s.................
152 50
386 30
527 20
1,403 85
1,403 85
O verdrafts............................................
54 43
116 41
2,012 45
2,252 33
1,231 98
7,852 62
Expenses, interest and taxes p a id .
292 34
102 68
1,501 71
1,771 75
2,476 64
2,159 97
2,939 56
3,581 37
3,828 92
17,665 18
14,422 82
42,570 52
21,445 54
80 00
229 25
850 76
34 25
7,356 00
10,794 00
13,941 00
20,292 00
Banking house....................................
F u rn itu re and fixtures.....................
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited S tates bonds.........................
Due from banks in reserve cities..
Exchanges for clearing h o u s e ....
U. S. and N ational b ank cu rre n cy .
3,712 00
Gold c o in .............................................
625 00
85 00
567 50
1,300 00
855 00
Silver co in ...........................................
471 50
841 00
753 50
1,895 55
1,318 50
Nickels and c e n ts..............................
32 77
99 59
60 51
163 95
289 10
8 87
Checks and cash ite m s....................
149 73
429 31
T o tals............................................
$125,640 45
$142,898 58
$160,422 24
$246,181 13
$255,256 84
Liabilities.
C apital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
53,108 90
65,518 98
84,495 70
117,171 54
112,528 60
40 00
300 00
Cashier’s checks o u tstan d in g ...........
442 50
2,028 80
1,539 21
2,043 95
580 00
Savings d ep o sits................................
47,714 05
53,975 80
52,972 33
103,300 64
Savings certificates of deposit. . . .
4,375 00
1,375 00
1,415 00
3,625 00
5,590 00
$125,640 45
$142,898 58
$160,422 24
$246,181 13
$255,256 84
Surplus fu n d ..........
U ndivided profits, less current ex
penses interest and taxes p a id ..
Dividends unpaid . . .
Commercial deposits subject to
ch eck .................................................
Commercial certificates of d ep o sit.
Due to banks and bankers
Certified checks. . .
116,258 2
Notes and hills rediseonnted..
Bills p a y a b le . .
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKS OF MICHIGAN.
113
No. 5.
THE GERMAN AMERICAN BANK, DETROIT.
Organized February 3, 1883.
C h a r i.e s E . K
a n t e r , P r e s id e n t ; P h i l i p
G e o r g e H . K ir c h n e r ,
B r e i t m e y e r , E d w in A. B u r c h , P a u l R . G r a y , V ic e P r e s i d e n t s C a s h ie r ; E d w a r d Y e n t s c h , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— Charles E. K anter, Philip Breitm eyer, Edwin A. Burch, P aul R. Gray, George H Kirchner
Max C. Koch, Chas. D. Aaron, G ustave D arm staetter, Charles W. Kotcher.
Resources.
R eport of
Nov. 27, ’08
R eport of
R eport of
R eport of
R eport of
Feb. 5, ’09. April 28, ’09 June 23, ’09 Sept. 1, '09.
Loans and discounts.........................
$853,473 50
$851,139 66
$839,818 08
$858,319 30
$938,837 78
Bonds, m ortgages and se cu rities..
584,239 14
585,533 99
653,656 11
682,174 47
711,926 13
Prem ium s paid on b o n d s...............
O v erd rafts......................................
454 08
454 08
587 04
799 60
3,068 51
741 84
2,411 25
8,986 45
9,600 00
9,600 00
9,600 00
9,600 00
528 90
%
396 68
2,565 18
2,164 46
264 46
Banking house..................................
F u rn itu re and fixtures...................
O th er real estate.........................
Due from other banks and bankers
(not reserve cities).....................
Item s in tra n sit...............................
675 27
U nited States bonds.........................
Due from banks in reserve cities. .
227,482 43
314,088 51
335,045 94
381,070 99
E xchanges for clearing h o u se.........
20,825 09
12,166 36
17,793 42
32,253 76
13,522 14
U. S. and N ational b ank currency.
75,197 00
128,559 00
75,642 00
83,920 00
83,777 00
Gold c o in ...........................................
323,020 84
56,145 00
62,555 00
75,217 50
61,427 50
55,310 00
Silver coin.................................
6,245 84
8,003 15
10,312 30
7,723 90
15,007 95
Nickels an d c e n ts..........................
1,586 82
1,480 48
1,303 26
1,841 67
1,433 48
Checks and cash ite m s.............
4,752 40
2,179 77
3,386 74
2,467 76
782 13
$1,840,049 61 $1,976,502 20 $2,027,409 04 $2,124,159 73
$2,157,082 51
T o ta ls.................................
Liabilities.
C apital stock paid in .......................
$250,000 00
$250,000 00
$250,000 00
$250,000 00
$250,000 00
S urplus fu n d ...............................
U ndivided profits, less current ex
penses, interest and taxes paid. .
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
12,417 32
11,365 61
14,412 29
15,501 79
11,257 05
D ividends u n p a id ........................
Commercial deposits subject to
ch e c k .............................................
10 50
27 00
22 50
7 50
3,766 50
411,260 35
416,543 78
499,237 91
491,427 40
552,811 72
Commercial certificates of d ep o sit.
17,597 04
6,550 00
700 00
150 00
Due to banks and b an k ers...............
30,462 07
117,523 22
22,010 35
41,555 66
785 86
867 63
11,057 32
16,067 56
3,347 81
C ashier’s checks o u tstanding...........
15,245 21
370 79
4,369 27
540 85
8,970 02
S avings d ep o sits................................
1,023,214 60
1,084,079 39
1,118,614 42
1,217,313 15
1,151,880 82
Savings certificates of dep o sit........
29,056 66
39,174 78
56,984 98
41,595 82
49,150 79
$1,840,049 61 $1,970,502 20 $2,027,409 04 $2,124,159 73
$2,157,082 51
Certified checks................................
75,897 80
Notes an d bills rediscounted...........
Bills p a y a b le .......................................
T o ta ls ................................
15
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
114
No. 90.
THE HOME SAYINGS BANK, DETROIT.
Organized December 11, 1888.
J u l i u s H . H a a s s , P r e s id e n t ; C h a r l e s I. F a r r e l l , V ic e P r e s id e n t ; E d w in J . E
A r t h u r E . L o c h , A s s i s t a n t C a s h ie r s .
ckert,
D i r e c t o r s .— Jam es C. McGregor, Charles I. Farrell, L eartus Connor, Fred
G uenther, R alph Phelps,
Jr., Julius H. Haass, Geo. H. Clippert, Orla B. Taylor, Em ory W. Clark.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts......................... $2,326,880 53 $2,302,653 24 $2,396,277 22 $2,593,751 34
2,948,869 55 3,095,264 16 3,160,392 70
Bonds, m ortgages and se cu rities... 2,888,522 88
$2,817,409 77
3,285,656 71
O verdrafts............................................
518 26
582 01
221 08
320 37
956 84
Banking house....................................
48,000 00
48,000 00
48,000 00
48,000 00
48,000 00
Other real estate................................
Due from other banks and bankers
('not, reserve cities).......................
50,757 67
50,000 00
50,000 00
50,000 00
35,775 00
8,623 95
22,742 34
17,051 56
10,237 62
694,611 85
i
12,635 62
Due from banks in reserve cities. .
719,335 11
809,051 87
959,135 76
869,961 02
Exchanges for clearing house. . . .
29,917 86
35,122 69
39,351 45
40,698 63
37,835 95
U. S. and N ational b ank currency.
204,521 00
175,884 00
171,093 00
240,014 00
245,710 00
Gold c o in .............................................
147,035 00
153,797 50
149,245 00
157,510 00
154,985 00
6,681 00
7,121 50
6,868 00
708 70
229 24
691 96
2,058 91
2,102 69
326 02
T o tals............................................ $6,436,824 55 $6,538,694 86 $6,940,778 62 $7,187,153 05
$7,339,064 72
Silver co in ...........................................
Nickels and c e n ts..............................
Cheeks and rash ite m s....................
Liabilities.
Capital stock paid in .......................
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
7,173 00
919 84
607 78
$400,000 00
300,000 00
5,587 00
386 55
136 50
$400,000 00
325,000 00
$400,000 00
$400,000 00
$400,000 00
325,000 00
325,000 00
350,000 00
46,928 72
-1,249,407 38
53,252 02
30,981 34
40 786 64
57,154 44
Commercial deposits subject to
cherk
......................................... 1,209,250 74
1,106,447 61
1,229,877 87
1,223,820 74
11,542 63
22,747 72
36,178 59
13,501 59
91,831 88
89,351 70
Commercial certificates of d ep o sit.
16,465 19
IDpe. to hanks and b an k ers...............
98,912 38
82,725 88
103,000 32
Certified ch eek s..................................
16,117 17
12,715 59
7,933 70
18,559 77
6,707 57
Pavings d ep o sits.................................
4,229,31S 74
4,401,461 78
4,622,442 01
4,812,190 76
4,964,924 IT
113,508 31
167,820 03
178,990 36
212,416 87
218,243 59
10,000 00
10,000 00
Savings certificates of deposit. . . .
T o tals............................................ $6,436,824 55 $6,538,694 86 $6,940,778 62 $7,187,153 05
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$7,339,064 72
115
STA TE BANKS OF MICHIGAN.
No. 81.
MICHIGAN SAVINGS BANK DETROIT.
Organized February 19, 1877.
Corporate existence extended February 19, 1907.
G e o r g e P e c k , P r e s id e n t ; C h a s . C. J e n k s , J a s . D. S t a n d is h , J a s . S. H o d d e n , V ic e P r e s id e n t s ;
G e o r g e W i l e t , C a s h ie r ; H u g h R . B u r n s , A s s i s t a n t C a s h ie r .
T r u s t e e s .— C. M. B urton Geo. Peck, D exter M. Ferry, Jr., Chas. S. Jenks, H oyt Post, Jas. D. Standish,
Geo. Wiley, J. S. Holden, Lem W. Bowen, J. B. Ford, W. J. Gray, Jas. Inglis, M. J. M urphy.
Thos. Neal, Jo h n T . Shaw, M. L. Williams, C. G. Edgar, Jas. H. Flinn, J. A. Mercier, A. A. Albrecht,
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, ’09.
Loans and discounts......................... $1,126,870 34 $1,156,768 69 $1,114,208 05 $1,085,764 23
Bonds, m ortgages and se c u ritie s... 1,252,011 23
Prem ium s paid on b o n d s.................
1,276,306 54
1,330,781 04
1', 351,479 43
$1,226,176 88
1,423,065 OS
4,500 00
O verdrafts............................................
1,883 61
1,202 70
660 88
745 25
1,449 44
Banking house....................................
14,000 00
14,000 00
14,344 55
24,533 80
28,945 30
F u rn itu re and fixtures.....................
8,157 32
8,075 00
7,775 00
7,475 00
7,025 00
O ther real estate........................... .. .
Due from other banks and bankers
(not reserve cities).......................
6,520 70
11,719 95
8,709 95
7,070 70
7,070 70
407,758 99
Item s in tra n sit.................................
United S tates bonds.........................
Due from banks in reserve cities. .
215,214 91
311,851 83
352,850 21
427,462 47
Exchanges for clearing h o u s e .. ..
20,618 13
18,272 66
28,460 08
20,037 09
42,189 18
U. S. and N ational bank cu rren cy .
100,724 00
107,023 00
98,910 00
66,660 00
131,324 00
Gold co in .............................................
49,782 50
49,477 50
49,707 50
48,812 50
51,287 50
Silver co in ...........................................
5,413 75
5,885 30
4,864 70
3,093 15
4,310 74
Nickels and c e n ts..............................
759 27
767 48
654 18
321 08
942 13
Checks and cash ite m s....................
9,996 47
3,779 69
2,169 12
2,633 85
4,673 86
T o tals............................................ $2,816,452 23 $2,965,130 34 $3,014,095 26 $3,046,088 55
$3,336,218 80
Liabilities.
Capital stock paid in .......................
Surplus fu n d .......................................
Undivided profits, less current expenses, interest and taxes p a id ..
$250,000 00
$250,000 00
$250,000 00
$250,000 00
$250,000 00
125,000 00
125,000 00
125,000 00
125,000 00
125,000 00
44,481 09
46,959 53
47,274 42
53,580 99
52,511 74
1,135,237 78
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
815,312 20
887,278 86
895,980 00
925,120 43
Commercial certificates of d ep o sit.
7,112 09
2,243 36
3,S07 32
3,287 47
4,442 06
Due to banks and b an k ers...............
6,502 98
12,972 62
15,238 41
11,267 67
20,772 90
6 75
Certified checks..................................
2,677 60
3,224 82
9,285 66
2,186 98
3,277 11
Cashier’s checks o u tstan d in g ...........
2,838 52
637 29
7,083 50
6,505 69
5,574 81
Savings d ep o sits................................
1,435,209 32
1,492,816 09
1,519,016 12
1,551,102 64
1,623,047 13
Savings certificates of dep o sit. . . .
127,318 43
143,997 77
141,403 08
118,036 68
116,355 27
T o ta ls .......................................... $2,816,452 23 $2,965,130 34 $3,014,095 26 $3,046,088 55
$3,336,218 80
Notes and bills rediscounted..........
✓
Bills p a y ab le.......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
116
STA TE BANKING D EPA RTM EN T.
No. 15.
PENINSULAR SAVINGS BANK, DETROIT.
Organized August 27, 1887.
J . H. J o h n s o n , P r e s id e n t ; H a m il t o n C a r h a r t t , F. P. B y r n e , V ic e P r e s id e n t s ;
H. H. E l l e r t o n , H. M o x o n , A s s i s t a n t C a s h ie r s ; W. G. T o e p e l , A u d ito r .
D i r e c t o r s .— F rank P. Bvrne, H am ilton C arhartt, E. O. Grosvenor, F rank Howard, S. W. Clarkson,
J. H. Johnson, George H. Lesher, D. A. McLachlan, John C. Donnelly, David S tott, H enry A. Haigh,
E. O. K rentler, Jam es T. W hitehead, Frederick W. Whiting, F rank W. H ubbard.
Resources.
Loans and discounts..............
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
$2 652 960 38 $2 657 307 28 $2 897 654 97
Bonds, m ortgages and securities. . 2,565,506 59
2,494,923 54
2,506,850 32
$2 718 193 44
3)52 Q13 92fì 8Q
2,624,726 01
2,758,053 46
Prem ium s paid on b o n d s...............
O verdrafts............................................
7,907 19
2,713 32
887 37
3,563 74
1,840 39
Banking house....................................
175,000 00
175,000 00
175,000 00
175,000 00
175,000 00
F u rn itu re and fixtures.....................
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
O ther real estate...............................
Due from other banks and bankers
(not reserve cities).......................
24,561 01
49,559 12
49,331 62
46,473 81
43,766 24
19,470 84
36,780 88
44,603 09
35,104 04
21,572 98
Item s in tra n s it.................................
90,946 91
83,516 75
111,128 72
83,813 47
103,424 97
1,109,388 80
United S tates bonds.........................
Due from banks in reserve c itie s ..
578,504 30
821,435 92
696,353 80
868,357 92
Exchanges for clearing h o u se.........
175,931 65
. 62,961 10
107,317 40
94,105 45
151,663 04
U. S. and National b ank cu rre n cy .
356,859 00
385,572 00
388,494 00
380,699 00
433,567 00
Gold c o in .............................................
97,165 00
57,232 50
56,847 50
90,107 50
68,290 00
Silver coin............................................
20,610 75
28,723 00
22,563 00
17,138 35
17,553 35
Nickels and c e n ts..............................
2,380 67
3,073 41
2,263 03
2,586 94
2,340 79
Checks and cash ite m s ....................
8,537 53
5,335 31
8,552 01
13,234 37
21,009 48
T otals............................................ $6,786,341 82 $6,874,134 13 $7,077,846 83 $7,163,104 04
$7,831,397 39
Liabilities.
Capital stock paid in .......................
$500,000 00
$500,000 00
$500,000 00
$500,000 00
$500,000 00
200,000 00
200,000 00
200,000 00
200,000 00
200,000 00
16,329 76
31,808 49
32,700 43
29,172 87
24,459 20
Dividends u n p a id ..............................
304 00
Commercial deposits subject to
ch eck ................................................. 1,939,907 31
60 00
326 00
1,842,646 93
1,951,851 75
2,039,234 92
2,743,847 26
Surplus fu n d.......................................
Undivided profits, less current expenses, interest and taxes p a id . .
10 00
Commercial certificates of d ep o sit.
53,311 63
29,803 72
59,754 08
84,628 12
78,861 29
Due to banks and b an k ers...............
1,117,213 40
1,139,616 39
1,067,599 80
1,058,475 01
1,041,042 80
Certified checks..................................
11,229 55
37,583 06
24,651 04
10,695 42
17,090 72
Savings dep o sits................................
2,827,106 73
2,930,373 29
3,048,517 88
3,059,613 86
3,054,347 57
Savings certificates of d eposit........
120,939 44
162,242 25
192,445 85
181,283 84
171,738 55
T o tals............................................ $6,786,341 82 $6,874,134 13 $7,077,848 83 $7,163,104 04
$7,831,397 39
Cashier’s checks outstan ding..........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKS OP MICHIGAN.
117
No. 356.
THE PEOPLE’S STATE BANK, DETROIT.
Organized January 4, 1907.
G e o r g e H R u s s e l , P r e s id e n t ; M. W . O ’B r i e n , V ic e P r e s id e n t a n d C h a ir m a n o f B o a r d ; G e o r g e E
L a w s o n , R. S. M a s o n , F. A. S c h u l t e , V ic e P r e s id e n t s ; A u s t i n E . W i n g , C a s h ie r ; H. P. B o r g m a n '
C a s h ie r S a v in g s D e p a r tm e n t ; R. W . S m y l i e , M a n a g e r C r e d its a n d A u d i t s ; C h a r l e s H. A y e r s J R ’
B o d d e , R. T. C u d m o r e , A s s i s t a n t C a s h ie r s ; G e o r g e T. C o u r t n e y , A u d ito r .
D i r e c t o r s .— Russell. A. Alger, George H. Barbour, W. T. Barbour, H. M. Campbell. C. A DuCharme
Jerem iah Dwyer, F. J. Flecker, Geo, E. Lawson, H. B. Ledyard, P. H. McMillan R S Mason Fred
T. Moran, M. J. Murphy, M. W. O ’Brien, Louis Rothschild, Geo. H. Russel, H enry Russel
Hugo Scherer, F. A. Schulte, B. S. Colburn.
’
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’C9. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts......................... $11,180,465 21 $10,809,009 27 $10,788,143 78 $10,194,877 46 $12,108,271 59
Bonds, m ortgages and securities.. 10,1.94,492 67
9,923,588 63 10,618,839 50 10,998,230 90
10,405,863 53
Prem ium s paid on b o n d s...............
O verdrafts............................................
1,648 98
1,059 20
1,776 86
2,680 34
2,235 42
B anking house....................................
712,000 00
714,017 15
714,017 15
714,017 15
714,017 15
F u rn itu re and fixtures.....................
30,000 00
30,516 00
30,806 00
30,806 00
30,806 00
Other real estate...............................
Due from other banks and bankers
(not reserve cities).......................
249,507 02
257,070 52
236,039 93
243,305 42
246 016 77
42,090 90
55,748 71
67,565 88
41,771 60
13,660 45
366,743 07
357,827 96
382,729 31
348,833 11
336,524 22
2,914,698 71
Item s in tra n sit.................................
United S tates bonds.........................
Due from banks in reserve cities. . 2,510,210 68
3,948,990 13
3,580,686 17
2,740,125 91
Exchanges for clearing h o u se.........
283,043 11
268,050 77
188,743 18
344,456 92
466,989 77
U. S. and National bank c u rre n cy .
856,161 00
629,495 00
722,528 00
815,563 00
661,069 00
Gold c o in .............................................
649,446 42
926,014 00
686,077 16
970,016 84
822,158 60
Silver coin............................................
50,128 31
79,826 35
76,684 51
108,322 02
112,132 95
Nickels and c e n ts..............................
7,569 42
8,111 64
4,952 36
5,153 77
2,956 84
Checks and cash ite m s...................
1,768 40
26,099 39
4,075 91
6,323 72.
6,734 61
T o tals............................................ $27,135,275 19 $28,035,424 72 $28,103,665 70 $27,562,484 16 $28,844,135 61
Liabilities.
Capital stock paid in ....................... $1,500 000 00 $1,500,000 00 $1,500,000 00 $1,500,000 00
Surplus fu n d ...................................... 1,500,000 00 1,500,000 00 1,500,000 00 1,500,000 00
Undivided profits, less current expenses, interest and taxes paid. .
252,729 78
238,783 70
233,149 13
300,591 50
Dividends u n p a id ..............................
125 00
25 00
540 00
117 50
Commercial deposits subject to
ch eck ................................................. 6,759,046 26 7,074,946 69 6,926,304 77 7,220,063 12
$1,500,000 00
1 500 000 00
256,365 33
100 00
8,011,919 51
Commercial certificates of d ep o sit.
7,895 89
11,513 96
9,072 58
2,776 58
2,825 80
Due to banks and b an k ers...............
3,428,600 99
3,903,150 35
3,690,326 89
3,394,738 20
3,870,521 54
Certified checks..................................
24,274 14
29,619 63
41,267 25
72,885 10
36,996 79
Cashier’s checks outstanding..........
41,623 82
78,066 77
96,469 68
66,112 26
71,651 77
Savings d ep o sits................................ 12,566,362 95 12,265,622 01 12,378,999 56 12,333,027 40
12,461,745 28
Savings certificates of dep o sit........
S tate monies on d eposit...................
1,054,616 36
1,103,331 98
1,026,592 15
1,099,972 45
1,109,578 42
330,364 63
700,943 69
72,200 05
22,431 17
Notes and bills rediscounted..........
Bills n a v a b le .......................................
T o tals............................................ $27,135,275 19 $28,035,424 72 $28,103,669 70 j$27,562,484 16 $28,844,135 61
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BAN KING DEPARTM ENT,
118
SECURITY TRUST COMPANY, DETROIT.
Organized May 1, 1906.
M. J. M u r p h y ,
P r e s id e n t ; E m o r y W. C l a r k , L e m W. B o w e n , C h a r l e s O. P a t c h , V ic e P r e s i d e n t s ;
C h a r l e s M o o r e , S e c r e ta r y a n d T r e a s u r e r ; J. H a r o l d M u r p h y , A s s i s t a n t S e c r e ta r y .
D i r e c t o r s .— M. J. Murphy, Em ory W. Clark, Lem W. Bowen, George E. Lawson John T. Shaw, M.
L. Williams, John N. Bagley, J. D. Standish, J. H. Johnson, W. J. Gray, D. M. Ferry, Jr., Russell
A. Alger, J. B. Ford, William Livingstone, John M. Dwyer, Jam es S. Holden, Charles C. Jenks,
Henry M. Butzel, Charles Moore, Charles O. Patch.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, ’09.
$972,226 95
$818,793 75
$873,078 79
$1,007,168 46
D em and..............
Loans on real estate mortgages:
In office........................................
119,380 00
96,435 01
92,960 00
84,260 00
108,300 00
41,780 00
40,605 00
39,105 00
63,930 00
95,930 00
W ith S tate T reasurer..............
122,000 00
122,000 00
122,000 00
119,000 00
119,000 00
In office................................
561,760 39
631,862 70
728,354 00
970,352 75
1,035,129 90
W ith S tate T re a su re r... .
81,943 70
82,000 00
82,000 00
82,000 00
82,000 00
101 00
101 00
101 00
104 00
104 00
1,005 33
9,464 67
1,852 64
28,563 69
Collateral loans. T im e..................... $1,030,692 20
O ther loans..........................................
Bonds:
S to ck s................. .................................
Real estate ow ned............................
O ther in vestm ents.............................
Item s in tra n sit.................................
Advances to tr u s ts ...........................
22,835 37
27,343 50
27,473 46
25,911 87
Prem ium s p a id ...................................
2,556 50
5,979 94
11,181 09
10,923 39
11,125 89
Safety deposit v a u lts.......................
34,172 08
33,047 08
32,790 80
32,937 80
30,979 98
Due from approved reserve agents .
149,263 61
439,360 08
416,758 84
309,838 54
89,540 19
Due from other banks and bankers .
Cash item s and checks for clearing
h o u se .................................................
10,022 79
455 89
50 00
2,034 00
Nickels and c e n ts.............................
7 63
1 80
4 05
2 27
2 81
Silver coin............................................
43 25
44 25
38 10
74 45
42 30
Gold c o in .............................................
5,100 00
5,145 00
5,105 00
5,230 00
5,285 00
U. S. and N ational b ank notes. . ..
4,992 00
4,635 00
4,928 00
3,903 00
5,759 00
T o tals............................................ $2,186,679 12 $2,461,792 64 $2,382,048 98 $2,591,061 53
$2,622,817 86
Vaults, furniture and fix tu res. . . .
Liabilities.
Capital stock paid in .......................
Surplus f u n d .......................................
Undivided profits (less expenses,
interest and taxes p a id )...............
28 60
$500,000 00
$500,000 00
$500,000 00
$500,000 00
$500,000 00
500,000 00
500,000 00
500,000 00
500,000 00
500,000 00
130,150 94
149,140 11
147,446 49
161,531 91
170,279 42
1,452,538 44
37 50
T rust d ep o sits....................................
1,053,647 63
1,308,078 40
1,225,028 36
1,419,955 49
Reserve for ta x e s ..............................
2,843 05
4,574 13
9,574 13
9,574 13
T o ta ls............................................ $2,186,679 12 $2,461,792 64 $2,382,048 98 $2,591,061 53
1
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Federal Reserve Bank of St. Louis
$2,622,817 86
119
STA TE BANKS OF MICHIGAN.
UNION TRUST COMPANY, DETROIT,
Organized November 24, 1890.
H e n r y B . L e d y a r d , C h a ir m a n ; F r a n k W . B l a i r , P r e s id e n t ; G e o r g e H e n d r i e , F i r s t V ic e P r e s i d e n t ;
A. E. F . W h i t e , S e c o n d V ic e P r e s id e n t ; G e r a l d J . M c M e c h a n , S e c r e t a r y ; A l e x a n d e r C. L o n g , A s s i s t
a n t S e c r e ta r y , Ch a r l e s R . D u n n , T r e a s u r e r .
D i r e c t o r s .— H enry B. Ledyard, D. C. W hitney, A. E. F. White, Charles Stinchfield, Charles A. Du-
Charme, Henry Russel, E lliott T. Slocum, F. J. Hecker, H arry A. Conant, H erbert E. Boynton,
Philip H. McMillan, Charles L. Palm s, George Hendrie, Albert L. Stephens, P aul F. Bagley, B urnham
S. Colburn, George B. Remick, F rank W. Blair, George M. Black, Allen F. Edw ards, George H.
Russel, Gerald J. McMechan,
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Collateral loans:
W ith Collateral Deposit Co.,
L td ............................................ $1,126,000 00 11,065,000 00 $1,015,000 00
$791,780 32
$730,000 00
Time, in office...........................
810,641 77
752,583 62
808,645 60
829,375 70
777,252 47
Demand, in office.....................
Loans on real estate mortgages:
In office.......................................
W ith Collateral Deposit Co.,
L td ............................................
279,804 44
150,361 97
99,951 18
226,329 75
95,679 90
131,638 77
121,406 24
118,816 96
151,200 99
373,657 49
W ith S tate T reasurer..............
630,998 34
484,449 55
464,012 13
397,210 76
205,221 91
212,087 84
207,247 84
175,147 84
211,768 74
207,781 19
456,423 10
259,649 45
227,491 10
283,517 45
466,108 26
149,880 00
134,880 00
134,880 00
84,880 00
84,880 00
711,559 70
O ther loans..........................................
Bonds: In office................................
W ith Collateral Deposit Co.,
L td............................................
W ith S tate T re a su re r.. . .
30 742 70
S to ck s...................................................
692,121 80
797,371 80
783,871 80
778,872 80
Real estate ow n ed............................
8,998 01
8,198 01
6,998 01
10,607 65
20,019 59
O ther in v estm en ts.............................
213,278 23
211,073 67
203,451 28
204,065 54
335,880 37
Accounts receiv ab le..........................
2,194 86
3,006 99
3,721 68
2,940 67
1,566 16
Advances to tr u s ts ...........................
81,831 19
66,097 16
71,623 65
72,142 82
112,933 84
Prem ium s p aid ...................................
Safety deposit v a u lts .......................
F u rn itu re and fixtures.....................
8,003 29
7,620 00
7,620 00
7,885 00
7,700 00
Due from approved reserve a g e n ts.
228,213 63
331,015 29
340,342 37
295,999 47
608,068 04
Due from other banks and bankers .
2,415 00
34,317 54
1,467 60
6,367 50
Cash ite m s ...........................................
1,001 29
319 63
368 88
488 73
Nickels and c e n ts..............................
7 93
6 96
5 98
5 40
8 61
Silver coin............................................
281 10
272 90
175 10
128 00
112 80
4,107 35
Gold c o in ........................................... .
297 50
87 50
440 00
315 00
280 00
S. and National bank notes. . . .
4,714 00
8,711 00
10,773 00
9,236 00
8,319 00
T o tals............................................ $5,051,332 09 $4,643,677 12 $4,505,546 86 $4,365,118 29
$4,751,136 68
■(J.
Liabilities.
Capital stock paid in .......................
-
$500,000 00
$500,000 00
$500,000 00
$500,000 00
$500,000 00
300,000 00
Surplus f u n d .......................................
U ndivided profits (less expenses,
interest and tax es p a id )...............
89,225 95
Dividends u n p a id ..............................
T ru st d ep o sits.................................... 2,377,539 56
D eb en tu res.......................................... 1,582,864 60
F irst m ortgage T rust Gold B onds..
185,800 00
15,901 98
O ther liabilities..................................
300,000 00
300,000 00
300,000 00
300,000 00
76,564 26
80,364 61
69,599 59
2,299,684
1,261,764
185,400
20,263
89
60
00
37
2,207,554
1,224,000
175,400
18,227
88
00
00
37
2,450,795
850,000
175,400
19,322
84
00
00
86
T o tals............................................ $5,051,332 09 $4,643,677 12 $4,505,546 86 $4,365,118 29
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
87,733 92
2,883,107
789,500
174,900
15,895
72
00
00
04
$4,751,136 68
120
STA TE BANKING D EPA RTM EN T.
No. 161.
*THE U N IT E D STATES SAYINGS BANK, D ETR O IT.
Organized May 18, 1893.
G e o . A n d e r s o n , P r e s id e n t ; H e n r y C o w i e , V ic e P r e s id e n t ; E n o c h S m i t h , C a s h ie r W m . A . S a n d s , A s s i s t a n t C a s h ie r .
D i r e c t o r s — Geo. Anderson, Jam es B. Book, Jam es H . McDonald, H enry Cowie Frederick W H o d e-es
Francis E. Brossy, Enoch Sm ith, E dw ard M. M ancourt. ’
Resources.
Loans and discounts.............. ..
Bonds, m ortgages and securities. .
6 '’
R eport of [ R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08 Feb. 5, ’09. April 28, ’09 June 23, ’09 Sept. 1, ’09.
$441,262 42
$430,233 75
$470,156 71
$468,852 49
$479,103 45
578,716 37
608,889 68
654,678 95
657,697 27
666,803 92
87 77
887 22
2,811 26
285 14
40 89
9,913 00
9,913 00
9,913 00
9,913 00
9,913 00
9,652 13
9.651 13
9,650 13
9,650 13
9,648 13
19,659 98
20,904 71
5,370 34
5,266 68
20,613 31
Prem ium s paid on b o n d s...............
O verdrafts........................................
Banking house.....................
F urniture 5nd fixtures...................
Other real e state.....................
Due from other banks and bankers
(not reserve cities).....................
Item s in tra n sit.........................
253 56
420 32
735 06
435 58
389 06
5,484 75
9.652 03
450 00
681 25
400 09
128,026 82
United States bonds.....................
Due from banks in reserve cities. .
151,688 24
146,779 63
109,807 20
175,143 72
Exchanges for clearing h o u se. . . .
11,086 43
9,194 42
8,627 87
10,537 85
12,580 52
U. S. and N ational bank currency.
46,972 00
51,837 00
53,071 00
55,413 00
54,629 00
Gold c o in ................................
11,401 00
13,565 00
14,282 50
14,442 50
14,775 00
2,103 10
2,277 10
2,303 55
3,529 35
2,466 40
Nickels and c e n ts..........................\
440 23
308 53
362 69
858 00
1,184 02
Checks and cash ite m s.................
346 41
71 75
330 62
522 95
423 39
$1,289,067 39 $1,314,585 27 $1,342,550 88 $1,413,228 91
$1,400,996 82
Silver coin...........................
T o tals..................................
Liabilities.
Capital stock paid in .............
Surplus fu n d ......................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..........................
Commercial deposits subject to
ch eck ................................
$150,000 00
$150,000 00
$150,000 00
$150,000 00
30,000 00
30,000 00
30,000 00
30,000 00
30,000 00
22,826 16
23,578 16
28,377 79
33,231 51
25,985 75
105 00
30 00
244,484 59
237,457 21
236,933 54
268,259 09
251,321 06
$150,000 00
30 00
Commercial certificates of d ep o sit.
Due to banks and b an k ers.............
Certified checks...............
Cashier’s cheeks outstan ding..........
Savings d ep o sits.................
Savings certificates of d eposit........
7,244 17
2,283 39
1,215 16
1,701 84
1,965 13
12,361 29
1,536 48
4,862 59
2,333 69
5,206 62
764,324 35
805,504 87
824,214 91
852,671 75
864,721 86
57,826 83
64,120 16
66,916 89
75,031 03
74,766 40
1,342,550 88 11,413,228 91
$1,400,996 82
Notes and bills rediscounted..........
Bills p a y a b le ............................
T o tals...............................
1,289,067 39 51,314,585 27
♦Consolidated w ith Peoples S tate Bank, D etroit, Novem ber 30, 1909.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
121
No. 6.
T H E W AYNE COUNTY SAVINGS BANK, D ET R O IT.
Organized Septem ber 18, 1871.
Corporate existence extended June 27, 1901.
C h a s . F. C o l l i n s , P r e s id e n t ; W m . S. G r e e n , F. H. C r o u l , V ic e P r e s id e n t s ;
A l fr e d K . K i e f e u , T rea su re r; E dw ard H . C o l l in s , A s s is ta n t T rea su re r.
D i r e c t o r s .— D. M. Ferry, Jr., Wm. V. Moore, Wm. S. Green, E. H. Flinn. H. Kirke White, J. B Book
A. L. Stephens, F. H. Croul, F. W. Eddy, S. Y. Seyburn, C. F. Collins.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts......................... $2,485,216 73 $2,488,080 10 $2,430,059 17 $2,307,111 48
Bonds, m ortgages and securities. . 7,493,725 10
$2,114,951 02
7,619,614 96
7,674,455 79
8,060,589 41
8,365,569 66
45,000 00
45,000 00
45,000 00
45,000 00
40,000 00
125,000 00
125,000 00
125,000 00
125,000 00
125,000 00
40,132 13
40,570 29
40,798 25
42,346 55
43,115 49
225,000 00
225,000 00
225,000 00
225,000 00
225,000 00
Due from banks in reserve cities. . 1,881,631 18
2,292,578 94
Prem ium s paid on b o n d s...............
O verdrafts............................................
Banking house....................................
F u rn itu re and fixtures.....................
O ther real estate...............................
Due from other banks and bankers
(not reserve cities).......................
Item s in t r a n s i t ................................
U nited S tates bonds.........................
15 00
517 55
2,129,948 75
2,402,273 94
2,220,390 56
Exchanges for clearing h o u se .........
19,353 57
30,232 69
13,487 15
23,250 54
14,049 70
U. S. and N ational bank c u rre n cy .
199,374 00
227,485 00
243,861 00
234,756 00
232,453 00
Gold co in .............................................
418,257 50
416,892 50
416,592 50
416,247 50
417,420 00
Silver coin............................................
2,395 70
2,215 80
2,210 45
2,308 95
2,467 60
Nickels and c e n ts..............................
218 60
260 91
188 24
254 56
254 09
Checks and cash ite m s..................
345 00
147 50
465 00
13,025 00
30 00
T o ta ls... .
Liabilities.
Capital stock paid in .......................
$12,935,649 51 $13,350,448 50 $13,619,406 49 $13,715,280 55 $13,873,407 05
$400,000 00
$400,000 00
$400,000 00
$400,000 00
$400,000 00
Surplus fu n d .....................................
1,000,000 00
U ndivided profits, less current ex
314,029 84
penses, interest and taxes p a id . .
1,000,000 00
1,000,000 00
1,000,000 00
1,000,000 00
308,160 48
338,261 02
344,619 39
360,837 23
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
..............
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstanding..........
Savings dep o sits..............................
10,489,069 19 10,913,006 19 11,127,868 79 11,223,642 61
11,382,226 47
Savings certificates of dep o sit. .. ,.
726,158 97
721,624 20
741,636 26
731,378 13
726,637 79
Reserved for ta x e s.............................
6,391 51
7,657 63
11,640 42
15,640 42
3,665 56
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................ $12,935,649 51 $13,350,448 50 $13,619,406 49 $13,715,280 55 $13,873,407 05
1
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Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT,
122
No. 157.
T H E D E X T E R SAVINGS BANK, D E X T E R .
Organized April 22, 1893.
T h o m a s B i r k e t t , P r e s id e n t ; H. W i r t N e w k i r k , V ic e P r e s id e n t ; G. S. F r a n c is c o , C a s h ie r ;
J a m e s J . P a g 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 .—Thomas B irkett, G. S. Francisco, O. W. Cushing, H. W irt Newkirk, E . Jedele, H enry
Dieterle, Fred Walker.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$51,813 71
$50,309 31
$39,919 28
$40,906 18
$42,890 93
Bonds, m ortgages and se c u ritie s...
126,309 02
121,995 77
142,393 92
149,888 81
153,198 72
Prem ium s paid on b o n d s.................
O verdrafts............................................
1,025 16
57 00
326 11
31 57
36 26
Ranking house....................................
3,200 00
3,200 00
3,200 00
3,200 00
3,200 00
F urn itu re and fixtures.....................
1,500 00
1,500 00
1,500 00
1,500 00
1,500 00
Otb or real estate
Due from other banks and bankers
(not reserve pities).......................
241 37
244 52
38,891 85
35,436 87
29,867 58
27,643 72
in transit,
644 81
TTnif.ed States bonds.........................
Due from banks in reserve cities. .
27,811 36
Uxphanves for plearing house. . . .
U. S. and National bank cu rren cy .
5,331 00
4,743 00
8,684 00
9,396 00
7,489 00
Gold co in .............................................
6,030 00
5,380 00
5,450 00
5,530 00
6,085 00
Silver c o in ...........................................
383 70
447 95
591 30
582 80
716 95
Nickels and p en ts..............................
42 28
20 45
52 25
51 39
44 48
Checks and pash ite m s ...................
84 07
2 98
166 91
11 45
4,415 00
T o tals............................................
$223,771 67
$227,437 64
$237,720 64
$240,965 78
$247,220 06
Liabilities.
Capital stock paid in .......................
$20,000 00
$2 0 ,0 0 0 oq
$20,000 00
$20,000 00
$20,000 00
500 00
500 00
500 00
1,000 00
1,501 53
2,191 69
899 93
56,058 53
54,009 03
57,925 08
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
2,875 38
Dividends unpaid
Commercial deposits subject to
check .................................................
42,889 73
Commercial certificates of deposit
1,052 25’
51,318 69
6,553 20
Due to banks and bankers
Certified checks
4,790 43
4,330 92
5,473 93
Savings d ep o sits................................
127; 429 48°
124,391 72
127,020 07
132,867 56
132,236 81
Savings certificates of dep o sit. . . .
25,116 74
23,621 78
27,850 08
27,066 58
29,684 31
$223,771 67
$227,437 64
$237,720 64
$240,965 78
$247,220 06
Cashier’s checks outstanding
5,460 34
Notes and bills rediscounted .
R ills p a ,y a b l e
T o tals............................................
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Federal Reserve Bank of St. Louis
123
STATE BANKS OF MICHIGAN.
No. 396.
T H E STATE SAVINGS BANK OF DOWAGIAC, DOWAGIAC.
Organized April 9, 1908.
E. B u r t J e n n e y ,
H. W i i .e y , V ic e P r e s id e n t ; C. A. C r a w f o r d , C a s h ie r ;
C l a r e F. P u g s l e y , A s s i s t a n t C a s h ie r .
P r e s id e n t ; R o b e r t
D i r e c t o r s .— E. B urt Jenney, R obert H. Wiley, H arry B. T uthill, Aaron Zelner, Henry B. Wells.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Resources.
7.nans and discounts.........................
$31,414 15
$42,801 78
$42,758 20
$43,883 31
$51,908 17
Bonds, m ortgages and se cu rities...
3,865 00
6,521 00
8,311 00
8,255 00
8,090 00
Prem ium s pa,id on b o n d s.................
1,062 00
1,062 00
1,371 00
1,371 00
1,371 00
Expenses, interest and taxes p a id .
117 89
2,415 97
2,790 97
2,850 97
2,850 97
2,850 97
16,350 65
10,569 67
8,739 03
23,753 62
27,414 93
Overdrafts
Banking house
.
.,
F urniture and fixtures.....................
O ther rea] esta.fe
Due from other banks and bankers
(nnf. reserve cities)
jn tran sit
United States bonds
Due from banks in reserve cities. .
Exchanges for clearing house. . . .
40 00
246 39
5,252 00
3,759 00
5,036 00
7,742 00
5,730 00
Gold co in .............................................
400 00
1,120 00
1,975 00
3,135 00
895 00
Silver c o in ...........................................
1,248 70
974 80
954 20
1,213 25
1,676 50
90 09
160 03
115 07
V.
S. and N ational bank cu rre n cy .
55 03
110 00
216 28
7 50
T o tals............................................
$60,904 67
$70,993 72
$74,791 49
$90,392 18
$99,820 03
Liabilities.
C apital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
271 66
437 53
162 55
481 43
12,560 62
13,159 31
12,376 63
16,010 21
30,529 56
31,156 00
44,817 80
46,466 62
5,038 65
8,035 20
11,764 27
$74,791 49
$90,392 18
$99,820 03
Nickels and c e n ts..............................
Checks and cash items
U ndivided profits, less current ex
penses interest and taxes p a i d ..
Commercial "deposits subject to
check .................................................
Commercial certificates of d ep o sit.
7,580 60
25,499 50
54 84
97 50
Cashier’s checks o utstanding
Savings d ep o sits.................................
2,769 73
2,631 88
T o tals.............................................
$60.904 67
$70.993 72
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
124
STATE BANKING DEPARTMENT.
No. 422.
T H E FA RM ER S’ STATE BANK OF DRY D EN, D RY DEN .
Organized Jan u ary 27, 1909.
M a r t i n J. H
e e n a n , P r e s id e n t ;
I r a E. P a r k e r , V ic e P r e s id e n t ; G e o . R . L a m b , C a s h ie r .
D i r e c t o r s .— M artin J. Heenan, W. F. Laughlin, E arl I. Heenan, Horace Lam b, I. E. P ark er
R obert Booth, Geo. R. Lam b.
Resources.
R eport of
Nov. 27, ’08
R eport of
R eport of
R eport of
R eport of
Feb. 5, ’09. April 28, ’09 June 23, ’09 Sept. 1, ’09.
Loans and discounts.........................
$22,701 99
$31,561 85
$30,553 67
Bonds, m ortgages and securities. .
10,550 98
17,675 98
18,568 69
1,405 33
1,382 01
1,679 99
1,500 00
1,500 00
1,500 00
8,325 59
6,407 89
4,154 99
U. S. and N ational b ank currency.
2,296 00
2,038 00
1,632 00
Gold c o in .............................................
520 00
340 00
245 00
Silver coin............................................
226 55
144 25
180 15
Nickels and c en ts..............................
30 87
37 69
58 36
190 92
426 18
Prem ium s paid on b o n d s...............
O verdrafts............................................
Banking house....................................
F u rn itu re and fixtures.....................
O ther real e state........................... ; .
Due irom other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
United S tates bonds.........................
Due from banks in reserve cities. .
E xchanges for clearing h o d se.........
Checks and cash ite m s ...................
T o tals............................................
$47,557 31
$61,278 59
$58,999 03
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
5,000 00
5,000 00
5,000 00
101 96
264 48
325 84
10,490 36
15,333 93
9,302 27
Surplus F u n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
Dividends u n p a id ............................
Commercial deposits subject to
ch eck ........................................
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstanding..........
Savings d ep o sits................................
2,654 92
3,131 76
4,729 36
Savings certificates of deposit........
9,310 07
12,548 42
14,641 56
5,000 00
5,000 00
$47,557 31
$61,278 59
$58,999 03
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T otals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
125
No. 351.
T H E D R Y D EN STATE BANK, D RY D EN .
Organized October 20, 1906.
L e e B e r r i d g e , P r e s id e n t ; P. H. F o o t e , V ic e P r e s id e n t : W. H. S h o u p , C a s h ie r ;
F l o y d S l a t 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 .— Lee Berridge, W. H. Shoup, F. W. Kendrick, A. J. Schanck, P. H. Foot, Byron Folsom,
H. Q. Parker.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, '09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$40,549 16
$46,785 56
$50,918 55
$54,826 42
$50,822 44
Bonds, mortgages and se c u ritie s..
42,462 00
55,374 25
50,523 75
54,641 75
56,119 75
641 97
755 92
538 76
485 17
150 18
1,959 50
Prem ium s paid on b o n d s...............
O verdrafts..........................................
Banking house....................................
F urniture and fixtures.....................
1,684 50
1,684 50
1,959 50
1,959 50
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
8,596 56
6,430 68
1,879 70
906 31
Item s in tra n sit.................................
3,730 34
233 18
16,257 02
9,052 79
664 79
2,029 11
United S tates bonds.........................
Due from banks in reserve c itie s ..
16,711 42
7,153 97
6,629 13
Exchanges for clearing h o u se.........
U. S. and National bank cu rren cy .
2,471 00
2,907 00
4,495 00
5,761 00
4,757 00
Gold co in .......................................
2,267 50
2,122 50
2,362 50
2,522 50
2,637 50
153 10
Silver coin...................................
350 50
269 05
244 09
99 74
Nickels and c en ts..............................
19 80
25 00
7 00
18 00
8 00
Checks and cash ite m s..................
786 45
80 69
90 32
53 43
112 00
$119,816 80
$125,721 12
$129,730 59
$128,427.79
$126,042 50
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,250 00
209 99
516 75
968 57
877 34
271 07
14,415 18
20,279 71
17,720 50
15,828 86
11,830 98
Savings d ep o sits................................
38,363 12
41,094 78
39,882 15
41,401 64
42,258 47
Savings certificates of deposit........
45,828 51
42,829 88
45,159 37
44,819 95
47,916 98
5,000 00
2,500 00
2,500 00
$129,730 59
$128,427 79
T o tals................
Liabilities.
Capital stock paid in .......................
Surplus fu n d . .
...........................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
check ....................................
15 00
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
.Certified checks..................................
Cashier’s checks outstanding..........
S tate monies on d ep o sit...................
Notes and bills rediscounted...........
Bills p a y ab le.......................................
T o tals.....................■......................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2,000 00
$119,816 80
$125,721 12
$126,042 50
STATE BANKING DEPARTMENT.
126
No. 142.
MONROE COUNTY BANK, D UN DEE.
Organized Septem ber 26, 1892.
G e o r g e J. S h a eb ’e r , P r e s id e n t ; M o s e s J. H o w e , V ic e P r e s id e n t ; W m . C l u t e , C a s h ie r .
D i r e c t o r s .— George J. Shaefer, B. J. Corbin, Wm. Clute, M. J. Howe, Wm. C. Palm er, Geo. W. Hurd,,
T.
W. Barnes.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, '09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Resources.
Loans and discounts.........................
$40,532 14
$40,102 91
$41,926 17
$42,951 55
$43,995 96
Bonds, m ortgages and se cu rities...
75,548 50
74,398 09
72,006 42
71,112 42
73,593 42
Prem ium s paid
b o nds.................
on
O verdrafts............................................
1,456 13
209 15
371 12
553 19
835 20
Banking house....................................
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
16,676 29
44,607 36
41,257 93
50,718 16
47,512 31
F urn itu re and fixtures.....................
Other real e s ta te ..
Due from other banks and bankers
(not, reserve cities) . . .................
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing h ouse. . ..
U. S. and National bank c u rre n cy .
2,587 00
254 00
2,783 00
2,476 00
3,496 00
Gold c o in .............................................
8,030 00
6,780 00
5,460 00
5,155 00
5,695 00
Silver co in ...........................................
527 50
956 45
137 70
119 20
240 95
20 45
26 21
37 07
48 62
28 02
99 93
1,122 26
47 13
225 65
85 50
T o tals.............. .............................
$147,977 94
$170,956 43
$166,526 54
$175,859 79
$177,982 36
Liabilities.
Capital stock paid in .......................
Nickels and c e n ts..............................
C h ecks and
ca sh
i t e m s .............
$15,000 00
$15,000 00
$15,000 00
$15,000 00
$15,000 00
Surplus fu n d ............•..........................
Undivided profits, less current ex
penses, interest and taxes p a id . .
3,000 00
3,000 00
3,000 00
3,000 00
7,764 86
8,338 05
8,977 13
3,000 00
•
9,066 69
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
2,740 00
2,660 00
3,140 00
3,140 00
3,520 00
35,392 10
52,572 02
40,958 84
42,202 85
43,655 20
Commercial certificates of d ep o sit.
65,663 40
72,066 53
77,994 82
86,122 62
90,175 20
17,817 58
17,319 83
17,455 75
17,327 63
17,020 22
$147,977 94
$170,956 43
$166,526 54
$175,859 79
$177,982 36
D u e to b a n k s an d b a n k er s
C e r tifie d
5,611 74
..
checks
C a s h i e r ’s c h e c k s o u t s t a n d i n g
S a v in g s d e p o s its
.
Savings certificates of deposit. . . .
N o f .e s a n d
b ills r e d is c o u n te d
B ills p a y a b le
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
127
No. 428.
F IR S T COMMERCIAL AND SAYINGS BANK OF DURAND, D URA N D .
Organized April 8, 1909.
L u t h e r L o u c k s , P r e s id e n t ; G e o r g e B r o o k s , V ic e P r e s id e n t ; H a r r y H . S im p s o n , C a s h ie r ;
F. W. R a y e 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 .— L uther
Loucks, George Brooks, Cassius S. Reed, H arry H. Simpson, F. J . Northw ay,
A. N. Brock, C. E. Van Slyke.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$16,517 72
$51,243 59
$84,562 78
Bonds m ortgages and securities...
8,168 80
11,511 14
17,446 79
prem ium s paid on bonds. . .
O verdrafts............................................
16 36
7 16
Ra n kin g h on so....................................
6,500 00
6,500 00
F urn itu re and fixtures.....................
1,700 00
1,700 00
370 61
3,926 29
295 65
One from banks in reserve cities. .
7,056 40
7,506 18
9,731 29
Exchanges for clearing h o u s e ....
4,121‘36
786 92
2,625 05
8,166 00
3,360 00
6,683 00
2,680 00
2,335 00
1,200 00
495 60
512 20
570 80
TSfickels and c e n ts..............................
96 33
107 64
52 86
Checks and cash ite m s ...................
2,541 95
1,050 91
2,809 51
T otals............................................
$64,374 26
$90,556 23
$134,184 89
Liabilities.
Capital stock paid in .......................
Other real estate.
Due from other banks and bankers
(not reserve cities)
14,159 49
Tterns in transit,.................................
U nited States bonds
IT. S. and N ational bank currency .
Gold c o in .
. . . j.
Silver co in .........
•
$12,500 00
$17,500 00
$22,500 00
Surplus fund
U ndivided profits, less current exppnsp.s interest and taxes paid. .
196 85
251 85
1,104 29
Dividends unpaid
Commercial deposits subject to
check
................................
22,085 52
48,105 36
60,340 10
17,942 62
Commercial certificates of d ep o sit.
Due to banks a.nd ba.nkers
278 15
Saving's deposits
5,558 49
20,224 78
6,756 40
T otals
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.......................
$64,374 26
17,265 53
27,416 48
9,088 96
$90,556 23
$134,184 89
STATE BANKING DEPARTMENT.
128
No. 124.
T H E SHIAW ASSEE COUNTY BANK, DURAND.
Organized October 5, 1891.
R
obert
C. F a i r , P r e s id e n t ; A. S. T h o m a s , V ic e P r e s id e n t ; F. N. C o n n , C a s h ie r .
D i r e c t o r s .— R. C. Fair, F. N. Conn, Geo. N. Siefert, Thos. Cooling, A. S. Thomas.
Resources.
R eport of
Nov. 27, ’08
Loans and discounts.........................
S1QS.445 05
$111,807 84
$104,562 15
$107,435 04
$92,488 59
Bonds, m ortgages and securities..
94,918 27
101,836 27
108,731 30
132,097 65
146,456 15
1,240 00
1,100 00
1,100 00
1,300 00
1,300 00
371 01
521 57
56 47
42 51
268 63
Prem ium s paid on b o n d s.............
O verdrafts............................................
R eport of
R eport of
R eport of
R eport of
Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Banking house....................................
F urn itu re and fixtures.....................
2,300 00
2,100 00
2,100 00
2,100 00
2,100 00
Other real e state...............................
Due from other banks and bankers
(not reserve cities).......................
3,190 00
1,500 00
1,500 00
1,500 00
1,500 00
Item s in tra n sit.................................
14,124 13
5,831 94
1,027 81
3,529 51
3,680 12
26,642 73
38,379 81
50,444 63
32,387 91
35,792 36
United States bonds.......... ..............
Due from banks in reserve c itie s ..
Exchanges for clearing h o u se.........
U. S. and National bank cu rren cy .
5,839 00
12,990 00
9,219 00
12,903 00
7,002 00
Gold co in .............................................
9,830 00
10,400 00
8,635 00
8,980 00
9,217 50
Silver coin..........................................
278 55
315 50
1,601 85
1,457 25
1,134 85
Nickels and c e n ts..............................
95 17
273 23
261 34
293 58
181 87
Checks and cash ite m s ...................
102 59
691 33
305 73
264 03
295 56
8267,376 50
8287,747 49
$289,545 28
$304,290 48
$301,417 63
825,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
3,500 00
4,000 00
4,000 00
4,000 00
4,000 00
3,941 68
809 97
2,352 44
575 35
1,721 60
T otals..........................................
Liabilities.
Capital stock paid in .......................
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
29,350 73
34,785 31
30,774 91
38,460 61
32,042 13
Commercial certificates of d ep o sit.
103,725 97
111,820 18
116,265 36
118,958 30
111,825 48
101,858 12
111,332 03
111,152 57
115,487 22
119,217 61
1,809 00
7,610 81
$304,290 48
$301,417 63
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o utstanding..........
Savings dep o sits................................
Savings certificates of d eposit........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T otals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8267,376 50
$287,747 49
$289,545 28
STATE BANKS OF MICHIGAN.
129
No. 238.
STATE BANK OF EAST JO RDAN, EAST JORDAN.
Organized Ju ly 12, 1901.
W . P . P o r t e r , P r e s id e n t ; W . L . F r e n c h , V ic e P r e s id e n t ; G e o . G . G l e n n , C a s h ie r ;
B e r t A . D o 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 .— W. P. P orter, W. L. French, M. H. Robertson, Geo. G. Glenn, Carl Stroebel, Clark Haire,
Fred Smith, Chas. H. Schaffer, F. M. Severance.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, '09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$122,115 22
$140 010 78
$152,161 72
$149,524 36
$143,194 35
Bonds, m ortgages and securities...
41,785 89
34,607 96
37,589 60
37,969 89
40,110 94
Prem ium s paid on b o n d s.................
O v erd rafts............................................
2,634 37
1,232 14
1,061 13
3,199 82
1,390 64
B anking house....................................
6,311 56
6,123 99
6,123 99
6,123 99
6,123 99
F u rn itu re and fixtures.....................
2,458 92
2,453 92
2,453 92
2,453 92
2,453 92
Other real e state...............................
Due from other banks and bankers
(not reserve cities).......................
212 43
29,777 96
Item s in tra n sit.................................
*
United States bonds.........................
Due from banks in reserve cities. .
25,363 28
39,896 09
13,259 85
15,889 64
Exchanges for clearing h ouse. . . .
183 15
306 47
135 00
103 26
33 40
U. S. and N ational bank c u rre n cy .
10,059 00
7,723 00
8,459 00
6,656 00
7,017 00
Gold c o in .............................................
2,020 00
2,190 00
3,150 00
1,740 00
2,190 00
Silver co in ...........................................
2,590 90
2,522 65
1,651 40
1,869 15
1,231 80
Nickels and c e n ts..............................
215 14
122 03
129 07
188 03
175 47
Checks and cash ite m s ...................
11 68
1 95
107 71
T o tals............................................
$215,961 54
$237,189 03
$226,176 63
$225,825 77
$233,699 47
Liabilities.
C apital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
1,000 00
1,500 00
1,500 00
• 1,500 00
2,000 00
2,865 29
324 65
3,113 78
3,897 49
823 76
105 00
105 00
105 00
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes p a i d ..
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
71,813 83
87,785 97
65,502 62
56,766 94
66,479 59
Commercial certificates of d ep o sit.
7,572 80
6,447 65
7,744 21
7,104 54
6,650 83
10 00
771 20
110 00
1,110 00
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings dep o sits................................
26,320 91
26,890 83
27,745 89
32,039 99
32,095 73
Savings certificates of deposit. . . .
56,388 71
64,124 93
69,693 93
72,301 81
74,539 56
Notes and bills rediscounted........
2,000 00
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$215,961 54
$237,189 03
$226,176 63
$225,825 77
$233,699 47
130
STA TE BANKING D EPARTM ENT.
No. 53.
MICHIGAN STATE BANK OF EATON RA PID S.
Organized Ju ly 2 2 , 1884.
J o s e p h C a r r , P r e s id e n t ; H. P. W e b s t e r , V ic e P r e s id e n t ; H. H. H a m i l t o n , C a s h ie r ;
E. S. H a r r i s , A s s i s t a n t C a s h ie r .
D i r e c t o r s .—Joseph Carr, H. P. W ebster, E. S. Harris, H. H. Ham ilton, E dgar F. K napp, H. C. Minnie,
I. N. Reynolds, F rank Leighton.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$225,314 77
$204,312 11
$204,174 99
$199,985 35
$197,418 51
Bonds, m ortgages and securities. .
92,063 31
87,793 31
82,681 31
79,333 31
81,299 61
Prem ium s paid on b o n d s...............
O verdrafts............................................
1,519 85
1,560 54
2,322 99
2,275 77
1,707 03
Banking house....................................
5,500 00
5,500 00
5,500 00
5,500 00
5,500 00
F u rn itu re and fixtures.....................
2,000 00
2,000 00
2,000 00
2,000 00
2,000 00
Other real e state...............................
Due from other banks and bankers
(not reserve cities).......................
2,054 00
2,081 96
2,602 25
2,608 64
2,625 89
Item s in tra n sit.................................
1,428 75
3,323 04
1,636 15
1,625 87
1,464 50
12,971 10
25,858 64
21,937 75
18,588 52
14,250 63
U. S. and N ational b ank currency .
7,247 00
8,979 00
5,256 00
6,746 00
6,095 00
Gold co in .............................................
7,115 00
6,620 00
6,807 50
7,597 50
7,547 50
Silver coin............................................
1,356 60
1,910 00
900 00
889 00
300 00
Nickels and c e n ts..............................
315 25
315 64
299 03
256 48
377 13
Checks and cash ite m s ...................
3,866 73
2,159 39
1,948 10
2,261 25
821 52
T o tals............................................
$362,752 36
$352,413 63
$338,066 07
$329,667 69
$321,907 32
Liabilities.
Capital stock paid in .......................
-
U nited S tates bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing h o u se .........
500 00
$75,000 00
$75,000 00
$75,000 00
$75,000 00
$75,000 00
Surplus fu n d ......................................
Undivided profits, less current expenses, interest and taxes paid. .
15,000 00
15,000 00
15,000 00
15,000 00
15,000 00
8,672 68
4,723 94
6,889 07
7,188 97
4,635 98
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
40 00
69 03
9 67
47,915 47
52,916 19
56,358 36
62,596 46
53,444 90
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
308 34
21 27
Certified checks..................................
Cashier’s checks o u tstanding..........
Savings d ep o sits................................
Savings certificates of deposit........
184,124 21
174,396 13
167,808 97
164,882 26
163,805 17
Notes and bills rediscounted...........
Bills p a y ab le.......................................
32,000 00
30,000 00
17,000 00
5,000 00
10,000 00
T o tals............................................
$362,752 36
$352,413 63
$338,066 07
$329,667 69
$321,907 32
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
131
No. 193.
EDM ORE STATE BANK, EDM ORE.
%
Organized April 5 , 1897.
F r e d e r i c k N e f f , P r e s id e n t ; S h e r m a n N e f f , V ic e P r e s id e n t ; J o h n W . P f e i f l e r , C a s h i e r ;
S e r e n u s D . K e t c h u m , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— Frederick Neff, John W. Pfeifler, Sherm an Neff, H enry J. Burch, Edwin K. Horton.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$43,695 25
$47,926 25
$52,841 27
$52,262 11
$51,539 02
Bonds, m ortgages and securities..
38,902 67
37,117 32
31,686 70
31,362 70
35,837 99
O verdrafts............................................
3,210 68
2,797 21
615 17
722 40
Banking house....................................
1,908 86
1,908 86
1,908 86
1,908 86
1,908 86
F u rn itu re and fixtures.....................
1,764 71
1,762 71
1,760 71
1,758 46
1,755 71
Other real estate.............................
Due from other banks and bankers
(not reserve cities).......................
1,700 00
1,700 00
1,700 00
1,700 00
1,700 00
Item s in tra n sit...............................
2,297 50
710 57
75 63
459 85
652 50
7,871 49
9,863 36
8,661 62
16,064 06
5,525 92
U. S. and National bank cu rren cy .
1,451 00
1,493 00
1,752 00
2,754 00
1,774 00
Gold c o in .........................................
2,050 00
1,970 00
2,015 00
2,080 00
2,010 00
952 25
Prem ium s paid on b o n d s...............
U nited States bonds.........................
Due from banks in reserve c itie s ..
Exchanges for clearing h o u se.........
Silver coin..........................................
970 00
1,053 25
982 50
1,267 25
Nickels and c e n ts..............................
156 67
200 34
204 04
174 76
80 52
Checks and cash ite m s....................
197 75
102 47
83 16
102 26
94 63
$106,176 58
$108,605 34
$104,286 66
$112,616 71
$104,529 74
$15,000 00
$15,000 00
$15,000 00
$15,000 00
$15,000 00
4,000 00
4,500 00
4,500 00
4,500 00
5,000 00
2,228 04
1,084 70
2,137 53
2,345 94
1,051 35
21,693 78
23,952 22
T o tals......................................
Liabilities. Capital stock paid in .......................
Surplus fu n d .............................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Dividends u n p a id ..............................
Commercial ‘d eposits subject to
ch eck ...............................................
20,587 09
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
79 71
Certified checks..................................
Cashier’s checks o u tsta n d in g .. . . . .
350 06
134 55
144 32
360 95
267 60
Savings dep o sits................................
6,997 64
6,785 77
7,227 26
7,337 86
7,052 33
Savings certificates of deposit........
55,827 35
57,148 10
53,757 82
52,858 75
50,571 37
5,000 00
5,000 00
5,000 00
$106,176 58
$108,605 34
$104,286 66
$112,616 71
$104,529 74
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BAN KING D EPA R TM EN T.
132
No. 403.
T H E P E O P L E ’S STATE BANK OF EDM ORE, EDM ORE.
Organized June 6, 1908.
E. S. W a g a r ,
P r e s id e n t ; W i l l i a m
A. W o o d ,
V ic e P r e s id e n t ; H a r r y
E. W a g a r ,
C a s h ie r .
D i r e c t o r s — F. L. Holmes, Jam es P urdon, E . S. W agar, H arry E . Wagar, William A. Wood.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Eoans and discounts.........................
$37,710 03
$41,593 14
$47,253 53
$49,205 80
$55,861 78
Bonds, m ortgages and securities...
32,116 70
36,043 70
40,477 00
42,179 00
41,904 00
O verdrafts............................................
107 68
205 12
89 79
93 79
21 23
b anking house....................................
3,945 00
3,945 00
3,945 00
3,945 00
3,945 00
F urniture and fixtures.....................
1,957 00
1,969 00
1,969 00
1,969 00
1,969 00
11 00
5 00
10,683 45
11,780 29
9,299 41
9,045 38
10,465 94
Due from other banks and bankers
United States hoods
Due from banks in reserve cities..
Exchanges for clearing house
U. S. and N ational b ank currency.
("jQld poin
4,240 00
5,214 00
5,279 00
85 00
30 00
30 00
57 85
142 87
3,970 00
6,099 00
763 70
85 00
Silver co in ...........................................
1,034 10
735 75
658 75
525 90
Nickels and c e n ts..............................
67 36
235 07
271 10
77 64
109 22
18 08
166 52
T o tals............................................
$91,957 32
$101,774 15
$109,439 10
$111,069 36
$121,366 74
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
1,754 92
130 15
Checks and ca.sh item s
200 00
Pur pins fund
Undivided profits, less current ex
penses, interest and taxes paid. .
281 30
644 95
1,577 46
Commercial deposits subject to
check .................................................
32,244 80
31,529 27
28,964 42
28,241 92
30,100 52
17,850 32
11,798 61
7,197 14
3,356 42
100 00
Commercial certificates of d ep o sit.
Savings dep o sits................................
3,834 35
6,453 89
5,941 25
6,689 96
5,529 05
Savings certificates of deposit. . . .
17,746 55
31,347 43
45,758 83
51,026 14
65,307 02
T o tals............................................
$91,957 32
$101,774 15
$109,439 10
$111,069 36
$121,366 74
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
133
STA TE BANKS OF MICHIGAN.
No. 129.
ELK RAPIDS SAVINGS BANK, ELK RAPIDS.
Organized January 20, 1892.
M. B. L a n g ,
P r e s id e n t ;
C. A. W h y l a n d , H a r r y H i r s h b e r g ,
C h a r l e s B. C a r v e r , C a s h ie r .
V ic e P r e s id e n t s ;
D i r e c t o r s .—M. B. Lang, H arry Hirshberg. A. B. Fairbanks, Charles B. Carver, C. D . Towne,
C. A. W hyland, F. R. Williams.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
«125,884 09
«126,994 78
«133,471 10
«139,380 66
«133,620 70
94,517 03
87,277 06
88,470 14
88,933 92
80,933 98
33 16
48 19
20 18
49 46
Banking house....................................
4,000 00
4,000 00
4,000 00
4,000 00
4,000 00
F urn itu re and fixtures.....................
2,749 84
2,000 00
2,000 00
2,121 50
2,121 50
Other real estate...............................
Due from other banks and bankers
(not reserve cities).....................
1,500 00
4,661 28
*
20,824 80
Loans and discounts........................
Bonds, m ortgages and se cu rities..
Prem ium s paid on b o n d s. . .
O verdrafts............................................
1,336 00
765 00
Item s in tra n sit.................................
U nited S tates bonds................
Due from banks in reserve cities..
19,956 07
26,182 21
15,463 30
Exchanges for clearing h o u se. ..
U. S. and National bank currency.
5,487 00
2,082 00
8,761 00
6,619 00
4,544 00
Gold co in .............................................
7,725 00
7,870 00
7,965 00
8,185 00
7,825 00
Silver coin............................................
945 45
799 70
834 70
1,319 55
908 35
Nickels and c e n ts..............................
223 12
271 96
250 10
224 57
139 07
Checks and cash ite m s....................
1,201 92
2,344 84
202 15
281 21
2,083 56
T o tals............................................
«265,525 52
$259,855 71
«262,230 68
«255,746 87
«257,050 42
Liabilities.
Capital stock paid in .......................
«35,000 00
«35,000 00
«35,000 00
«35,000 00
«35,000 00
7,500 00
8,500 00
8,500 00
8,500 00
8,500 00
9,427 58
3,865 42
6,923 88
7,002 75
6,918 50
Dividends u n p a id ..............................
Commercial cleposits subject to
ch eck .................................................
47,084 47
53,577 03
47,845 00
41,301 00
45,058 07
Commercial certificates of d ep o sit.
23,421 00
17,585 03
15,223 33
8,081 72
1,668 96
Surplus fu n d ......................................
Undivided profits, less current expenses, interest and taxes paid. .
Due to banks and b an k ers........
794 38
Certified checks..................................
Cashier’s checks outstanding..........
27 15
8 90
528 42
5 50
9 28
Savings d ep o sits................................
118,222 39
114,200 26
111,265 64
114,288 07
117,746 61
Savings certificates of deposit........
24,048 55
27,119 07
31,627 83
36,567 83
42,149 00
5,316 58
5,000 00
«265,525 52
$259,855 71
«262,230 68
«255,746 87
Notes and bills rediscounted..........
Rill«? p a y a b l e . .
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
«257,050 42
134
STA TE BAN KING D EPARTM ENT.
No. 342.
THE STATE SAYINGS BANK OF ELSIE, ELSIE.
Organized June 20, 1906.
O l i v e r B. C a m p b e l l , P r e s id e n t ; L a M o t t G. B a t e s , V ic e P r e s id e n t ;
T h o m a s P. S t e a d m a n , C a s h ie r .
D i r e c t o r s .— Oliver B. Campbell, LaM ott G. Bates, Meyer B. Netzorg, Clyde D . Bates,
Thom as P. Steadm an.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, ’09.
Loans and discounts.........................
$144,047 83
$148,316 16
$158,880 28
$157,711 51
$170,004 75
Bonds, m ortgages and securities...
75,726 85
74,264 34
69,941 79
68,169 30
67,144 30
Prem ium s paid on b o n d s.................
189 30
O verdrafts............................................
Current expenses, interest and
taxes p a id .......................................
962 45
1,200 32
2,554 82
1,268 30
1,181 92
389 24
23 82
333 87
259 42
Banking house....................................
' 2,000 00
2,000 00
2,000 00
2,000 00
F u rn itu re and fixtures.....................
1,600 00
1,600 00
1,600 00
1,600 00
1,600 00
581 50
118 75
1,000 75
1,407 12
112 93
28,719 20
27,988 85
21,061 14
16,730 65
27,911 18
U. S. and N ational bank cu rre n cy .
16,289 00
10,286 00
11,143 00
10,992 00
12,687 00
Gold co in .............................................
4,937 50
4,972 50
4,835 00
5,285 00
5,012 50
Silver c o in .................. .....................
533 55
562 60
272 55
459 80
400 30
Nickels and c e n ts..............................
32 00
126 70
126 54
151 52
152 11
Checks and cash ite m s ....................
601 44
226 66
69 58
390 13
209 07
T o tals............................................
$276,609 86
$271,686 70
$273,819 32
$266,424 75
$288,501 83
liab ilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
1,000 00
1,200 00
1,200 00
1,200 00
1,400 00
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
49,975 28
46,111 74
41,576 26
46,395 81
62,429 74
Commercial certificatesvof d ep o sit.
48,708 07
22,233 88
15,363 67
12,518 02
11,901 67
151,926 51
177,141 08
175,679 39
181,310 92
187,770 42
$276,609 86
$271,686 70
$273,819 32
$266,424 75
$288,501 83
»
85 77
2,000 00
O ther real e state................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit..................................
United States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing houSfe. . . .
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
Savings certificates of d eposit. . . .
Notes and bills rediscounted.........
15,000 00
Bills p a v a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKS OF MICHIGAN.
135
No. 299.
THE STATE SAVINGS BANK OF ESCANABA, ESCANABA.
Organized November 2, 1904.
*O l e E r i c k s o n , P r e s id e n t : H. B. R e y n o l d s , V ic e P r e s id e n t ; H. H. A l l y n , C a s h ie r ;
E . O. P e r r 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 .— 0 . B. Fuller, E. M. St. Jacques, F. A. Banks, *01e Erickson,W . W . Caven, H. B. Reynolds,
J. A. McGuire, O. N. H ughitt, A. R. Moore.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$154,650 50
$136,946 05
$171,574 51
$201,345 68
$207,157 28
Bonds, m ortgages and se cu rities...
71,833 48
67,888 48
89,695 64
85,102 67
94,817 34
118 75
118 75
118 75
Prem ium s paid on bo n d s.................
O verdrafts............................................
524 64
307 12
321 64
517 79
105 31
B anking house....................................
8,370 19
8,370 19
8,370 19
8,370 19
8,370 19
F u rn itu re and fixtures.....................
1,062 88
1,062 88
1,062 88
1,062 88
1,062 88
457 93
777 30
173 83
1,098 41
135 41
39,914 05
149,495 23
67,121 99
34,020 35
22,717 84
1,254 46
3,106 78
1,950 45
20,194 00
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited S tates bonds.......... ..............
Due from banks in reserve cities..
Exchanges for clearing house. . .
U. S. and N ational bank currency.
12,324 00
14,791 00
15,758 00
19,821 00
Gold c o in .............................................
3,500 00
4,945 00
3,365 00
3,815 00
2,362 50
Silver co in ...........................................
1,800 00
1,580 00
2,905 25
2,200 00
3,373 90
115 21
130 31
257 85
Nickels and c e n ts..............................
316 16
229 34
Checks and cash ite m s ...................
1,600 65
1,202 35
T o tals............................................
$296,354 48
$387,594 94
$361,837 35
$360,709 81
$362,623 70
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
3,000 00
3,500 00
3,500 00
3,500 00
3,500 00
9,526 66
5,219 14
4,362 68
8,902 90
8,115 19
726 00
42 00
146,693 36
92,566 26
87,327 73
81,940 40
49,871 78
53,041 18
52,710 58
7 62
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
66,238 41
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
7 00
7 00
Cashier’s checks o u tstan d in g ...........
7 00
7 00
7 62
7 62
7 00
Savings d ep o sits................................
122,674 70
139,568 85
151,480 01
147,923 38
156,342 91
Savings certificates of deposit. . . .
44,407 71
41,880 59
10,000 00
10,000 00
10,000 00
$361,837 35
$360,709 81
$362,623 70
S tate monies on d eposit...................
Reserve for ta x e s ..............................
500 00
Notes and bills rediscounted.........
Bills p a y a b le .......................................
T o tals............................................
♦Deceased.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$296,354 48
$387,594 94
135
STATE BANKING DEPARTMENT.
No. 295.
EVART SAYINGS BANK, EVART, MICHIGAN.
Organized August 2, 1904.
F r a n k S. P
o s t a l , P r e s id e n t ;
H.
E. C. C a n n o n ,
W. P r o c t o r ,
V ic e P r e s id e n t ; J a m e s
A s s i s t a n t C a s h ie r .
R. P o s t a l ,
C a s h ie r ;
D i r e c t o r s .— F rank S. Postal, William L atta, Geo. F. Andrus, E. C. Cannon, William E. Davis, H ugh
Alexander, David Wolf, f William Munroe, Fred Postal.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09
Resources.
Loans and discounts.........................
$79,326 29
$78,125 02
$86,452 60
$84,952 39
$91,597 54
Bonds, m ortgages and se c u ritie s...
68,430 00
68,680 00
66,485 00
66,165 00
70,265 00
Prem ium s paid on b o nds.................
O verdrafts............................................
94 98
689 59
842 36
408 79
321 07
Banking house....................................
8,943 00
8,800 00
8,800 00
8,800 00
8,800 00
F urniture and fixtures.....................
1,600 00
1,550 00
1,550 00
2,450 00
2,405 00
18,593 46
O ther real estate................................
Due from other hanks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
400 00
United S tates bon d s.........................
Due from banks in reserve cities. .
10,828 16
18,208 07
20,280 45
22,811 36
Exchanges for clearing house. . . .
U. S. and National bank cu rren cy .
9,434 00
7,010 00
5,795 00
9,527 00
7,270 00
Gold c o in ...........................................
4,195 00
4,030 00
4,085 00
4,190 00
5,245 00
Silver c o in .........................................
1,523 75
1,702 80
848 95
1,483 55
1,428 50
Nickels and c e n ts..............................
286 16
420 05
508 63
267 41
342 42
Checks and cash ite m s ....................
266 96
632 20
273 92
126 23
680 29
T o tals............................................
$184,928 30
$189,847 73
$196,321 91
$201,181 73
$206,948 28
Liabilities.
Capital stock paid in .......................
$30,000 00
$30,000 00
$30,000 00
$30,000 00
$30,000 00
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes paid. .
1,500 00
2,000 00
2,000 00
2,000 00
3,000 00
3,898 65
1,669 59
2,897 32
2,913 64
2,328 22
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck ...............................................
23,137 84
24,306 12
24,153 71
27,257 81
29,825 89
Commercial certificates of d ep o sit.
7,780 00
12,680 00
11,475 00
10,475 00
15,540 58
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
233 49
152 90
38 99
18 81
23 00
Savings d ep o sits................................
58,644 23
62,037 16
71,471 03
72,958 59
73,266 78
Savings certificates of deposit. . . .
59,734 09
57,001 96
54,285 86
55,557 88
52,963 81
$184,928 30
$189,847 73
$196,321 91
$201,181 73
$206,948 28
Notes and bills rediscounted..........
Bills p a y a b le .......................................
T o tals........................................ t
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
STA TE BANKS OP M ICHIGAN.
137
No. 152.
FIRST STATE SAYINGS BANK OF EVART.
Organized February 17, 1893.
V. R . D a v y , P r e s id e n t ; V. E . L a c y , V ic e P r e s id e n t ; G e o . A . G l e r u m , C a s h ie r ;
H a r r y D a y , 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. R. Davy, V. E. Lacy, Wm. Rogers, J. W. Matthews, G . E. Brandeberry, O. L. Millard,
J. S. Edwards, Geo. A. Glerum.
Resources.
R eport of I R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, 09. June 23, ’09. Sept. 1, ’09.
Lna.ns and discounts.........................
$187,708 88
$189,996 61
$196,432 16
$201,674 96
$214,312 57
Bonds, m ortgages and securities. .
103,280 51
91,141 51
98,270 57
97,965 54
98,465 79
Prem ium s paid on b o n d s. .
O verdrafts............................................
916 49
839 53
1,039 23
1,397 72
1,091 73
Banking house....................................
6,700 00
7,700 00
9,700 00
10,000 00
11,200 00
F u rn itu re and fixtures.....................
2,495 00
2,495 00
2,495 00
3,655 52
3,655 52
Other real e sta te ................................
Due from other banks and bankers
(not reserve cities) . .
5,336 27
5,336 27
5,336 27
5,336 27
4,136 27
33,957 60
31,727 56
35,823 74
37,281 26
40,032 27
540 13
2,068 52
300 00
1,500 00
Tt fims i n
t v ansit,.................................
United S tates bonds.........................
Due from banks in reserve cities. .
Fxohanges for clearing h o u se.........
U. S. and N ational bank currency.
6,275 00
13,704 00
11,478 00
9,801 00
4,826 00
Oold c o in .............................................
7,675 00
7,710 00
8,040 00
7,902 50
7,082 50
Silver coin............................................
1,701 10
1,309 20
1,634 80
2,586 60
1,944 80
Nickels and c e n ts..............................
454 90
444 16
434 46
408 84
466 96
Ohpcks and cash ite m s ...................
987 23
360 48
268 94
549 78
277 36
T o tals............................................
$357,487 98
$353,304 45
$373,021 69
$378,859 99
$388,991 77
Liabilities.
Capital stock paid in .......................
$35,000 00
$35,000 00
$50,000 00
$50,000 00
$50,000 00
9,000 00
9,000 00
10,000 00
10,000 00
10,000 00
2,533 51
896 11
2,092 55
1,072 15
2,288 74
69,644 56
70,164 80
78,359 82
84,778 15
70,630 37
Savings d ep o sits................................
137,977 01
138,346 90
144,342 59
144,054 08
145,799 17
Savings certificates of deposit........
103,332 90
99,896 64
88,226 73
88,955 61
110,273 49
T o tals............................... ............
$357,487 98
$353.304 45
$373.021 69
$378,859 99
$388,991 77
Surplus f u n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Commercial deposits subject to
ch e c k .................................................
Commercial certificates of d ep o sit.
Due to banks and bankers
Cashier’s checks outstanding
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
138
ST A T E BAN KING D EPA R TM EN T.
No. 215.
THE OLD STATE BANK, FENNVILLE.
Organized June 1, 1899.
L. S. D i c k i n s o n ,
C. E. H u t c h i n s o n , V ic e P r e s id e n t ; J. E. H u t c h i n s q n ,
W. J. 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 .
P r e s id e n t ;
C a s h ie r ;
D i r e c t o r s .— L. 8. Dickinson, J. E. Hutchinson. W. J. Hutchinson, C. E. H utchinson, Maye H utchinson
Resources.
R eport of
Nov. 27, ’08
R eport of
R eport of
R eport of
R eport of
Feb. 5, ’09. April 28, ’09 June 23, ’C9 Sept. 1, ’09.
Loans and discounts.......................
$37,405 45
$34,850 96
$40,504 52
$43,415 71
$50,573 23
Bonds, m ortgages and securities..
20,036 59
26,141 59
26,031 59
19,326 96
21,068 79
Prem ium s paid on b o n d s...............
O verdrafts............................................
506 24
560 57
244 88
518 23
828 86
Banking house....................................
6,000 00
6,000 00
6,000 00
6,000 00
6,000 00
F u rn itu re and fixtures.....................
1,561 91
1,758 40
1,758 40
1,758 40
1,758 40
O ther real e state...............................
Due from other banks and bankers
(not reserve cities).......................
3,000 00
3,000 00
21,624 79
4,418 25
5,510 89
1,671 13
21,775 50
U. S. and N ational bank cu rren cy .
'2,748 00
4,970 00
4,500 00
3,700 00
2,241 00
Gold c o in ...........................................
1,170 00
1,585 00
625 00
1,075 00
1,210 00
Silver coin........................................
232 65
303 45
249 75
418 45
441 20
Nickels and c e n ts............................
196 17
193 64
207 97
206 90
125 30
Checks and cash ite m s....................
3,075 07
1,598 32
1,969 28
402 70
T o tals............................................
$97,556 87
$85,380 18
$87,602 28
,$78,493 48
$108,164 16
Liabilities.
Capital stock paid in........................
$15,000 00
$15,000 00
$15,000 00
$15,000 00
$15,000 00
3,000 00
3,000 00
3,000 00
3,000 00
3,000 00
862 79
797 82
985 37
1,330 39
98 03
34,121 84
20,362 75
21,067 39
20,315 93
40,978 05
Item s in tra n sit..................................
United States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing h o u se .........
Surplus fu n d ...........................
U ndivided profits, less current ex
penses, interest and taxes paid. .
Dividends u n p a id ............................
Commercial ‘d eposits subject to
ch ech ..................................
2,141 88
Commercial certificates of d e p o sit.
Due to banks and b an k ers.............
Certified checks................................
«
Cashier’s checks outstanding...........
Savings dep o sits................................
Savings certificates of deposit........
44,572 24
46,219 61
47,549 52
32,847 16
6,000 00
6,000 00
$97,556 87
$85,380 18
$87,602 28
$78,493 48
$108,164 16
43,088 08
Notes and bills rediscounted...........
Bills p a y a b le .....................................
T o tals................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
139
STA TE BANKS OP MICHIGAN.
No. 209.
THE COMMERCIAL SAVINGS BANK OF FENTON, FENTON.
Organized October 1, 1898.
E. C. F o r t e ,
P r e s id e n t ;
L. E. B e c k e r ,
V ic e P r e s id e n t ;
E. M. N e w e l l ,
C a s h ie r .
D i r e c t o r s .— E. C. Forte, E. M. Newell, Z. P atterson, L. E. Becker, E. N. Stiles.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$142,356 02
$123,941 86
$126,203 23
$114,693 98
$115,579 37
Bonds, m ortgages and securities. .
86,402 32
99,125 13
99,570 48
110,404 98
112,273 39
Prem ium s pa.’d on bonds
111 02
104 56
Ranking house...............*..................
4.000 00
4.000 00
4.000 00
4.000 00
4.000 00
F urniture a,nd fixtures.....................
1.000 00
1.000 00
1.000 00
1.000 00
1.000 00
1,751 11
4,922 24
3,860 21
O ther real estate
Due from other hanks and bankers
(not reserve cities)
Item s in transit,
1,621 85
United States honds
Due from banks in reserve cities. .
35,062 17
46,305 21
47,980 10
40,644 61
41,583 52
Exchanges for clearing house
U. S. and N ational bank currency.
12,567 00
10,719 00
9,995 00
11,074 00
10,085 00
Gold c o in .............................................
3,737 50
3,907 20
4,117 50
3,902 50
3,925 00
Silver coin............................................
1,588 50
1,451 85
1,163 85
1,146 35
1,409 75
Nickels and c en ts..............................
85 70
131 53
159 20
179 54
188 26
Checks and cash ite m s ....................
285 26
449 23
78 25
66 73
147 82
T o tals............................................
$288,810 88
$291,031 01
$296,129 74
$292,034 93
$294,052 32
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
4,000 00
4,170 00
4,170 00
4,170 00
5,000 00
3,530 91
773 19
3,790 15
2,057 44
1,477 38
Dividends unpaid
Commercial deposits subject to
ch eck .................................................
30,374 32
27,910 59
32,761 47
36,780 24
36,006 02
Commercial certificates of d ep o sit.
25,737 48
27,916 96
25,813 26
19,264 86
39,676 76
Due to banks and bankers
Certified checks
•
Cashier’s checks outstanding
Savings d ep o sits................................
188,027 67
190,763 20
186,127 74
184,882 61
Savings certificates of deposit........
12,140 50
14,497 07
18,467 12
19,879 78
$288,810 88
$291,031 01
$296,129 74
186,892 16
N otps and bib15 rediscounted
RilR pa.vahle
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1
$292,034 93
$294,052 32
STA TE BAN KING D EPA RTM EN T.
140
No. 384.
FENTON STATE SAVINGS BANK, FENTON.
Organized September 26, 1907.
L e o n a r d F r e e m a n , P r e s id e n t ; F r e d W e l c h , V ic e P r e s id e n t ; F . H . H i t c h c o c k , C a s h ie r .
D i r e c t o r s .— Chas. J. Campbell, Lester M. Cook, Leonard Freem an, Lewis L. H oltforth, F. H. H itch
cock, H arry J. Phillips, Fred Welch.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Boa,ns and discounts.........................
$63,915 30
$65,456 62
$57,735 28
$59,805 24
$71,388 82
Bonds, m ortgages and securities. .
58,978 29
51,287 58
73,783 43
90,980 43
97,726 20
Prem ium s paid on b o n d s...............
O verdrafts............................................
125 59
57 61
6 60
73 14
29 59
Banking house....................................
4,500 00
4,500 00
4,500 00
4,500 00
4,500 00
F u rn itu re and fixtures.....................
1,491 85
1,495 35
1,495 35
1,495 35
1,495 35
2,281 67
1,546 88
20,592 87
23,754 37
Other real e state ...............................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit..................................
-
U nited S tates bonds.........................
19,146 92
19,431 81
27,692 65
U. S. and N ational bank currency.
8,200 00
9,073 00
7,825 00
6,561 00
9,899 00
Gold c o in .............................................
995 00
1,330 00
1,765 00
2,277 50
2,200 00
Silver coin............................................
1,465 00
1,510 00
1,345 00
1,040 00
1,265 00
Nickels and cen ts..............................
223 12
298 52
235 00
260 04
278 85
Checks and cash ite m s....................
32 05
97 05
152 41
96 20
197 15
T o tals............................................
$161,354 79
$156,084 42
$176,535 72
$187,681 77
$212,734 33
Liabilities.
Capital stock paid in .......................
Due from banks in reserve cities. .
Exchanges for clearing h o u se .........
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
156 11
602 14
1,120 72
910 88
814 96
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
35,347 65
31,513 87
35,209 98
39,059 49
30,176 90
Commercial certificates of d ep o sit.
1,231 08
1,000 37
590 37
405 37
365 37
Savings dep o sits...........
81,297 46
81,797 55
88,896 35
94,181 99
112,012 28
Savings certificates of deposit........
18,322 49
16,170 49
25,718 30
28,124 04
44,364 82
$161,354 79
$156,084 42
$176,535 72
$187,681 77
$212,734 33
i
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstanding...........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
~ B s .\ .
1
STATE BANKS OF MICHIGAN.
141
No. 101.
THE CITIZENS’ COMMERCIAL AND SAYINGS BANK, FLINT.
Organized August 4, 1890.
R . J. W h a l e y , P r e s id e n t ; G e o . W . H u b b a r d , V ic e P r e s id e n t ; W . E. M a r t i n , C a s h ie r .
D i r e c t o r s .- -R . J. W haley, Alex. McFarlan, J. H. W hiting, D. D. Aitken, G. W. H ubbard, M. E phraim ,
E. S. Lee, C. L. B artlett, F. D. Buckingham, Thos. Doyle, H. W. W atson.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
L ob n s a,nri disc om its.........................
$353,492 92
$394,887 78
$363,942 37
$417,522 10
$426,360 19
Bonds, m ortgages and securities...
533,817 13
572,242 87
628,429 09
687,128 74
751,825 49
Prem ium s paid on b o n d s.................
2,888 75
2,702 51
5,637 01
5,637 01
5,937 01
O verdrafts............................................
2,190 85
1,553 78
2,556 39
1,776 18
4,435 36
F urn itu re and fixtures................... ..
14,000 00
14,000 00
26,000 00
26,000 00
26,000 00
Other real e s ta te ...............................
Due from other banks and bankers
6,600 90
6,728 80
6,728 80
6,728 80
6,728 80
Item s in tra n sit.................................
37,312 36
26,161 66
12,904 39
4,518 28
8,919 56
Due from banks in reserve c ities..
112,401 45
256,483 12
336,214 15
222,280 92
110,626 21
Exchanges for clearing h o u s e .. . .
1,388 74
2,931 00
1,176 06
968 90
10,336 58
U. S. and N ational bank currency.
42,956 00
101,111 00
62,384 00
71,527 00
80,716 25
Gold c o in .............................................
21,345 00
27,910 00
23,062 50
20,487 50
18,220 00
Silver co in ...........................................
7,865 20
3,535 40
6,947 90
4,243 45
8,651 40
Nickels and c e n ts..............................
252 73
146 69
479 72
433 41
431 04
Checks and ea.sh items-.........
634 56
754 29
683 37
467 45
47 38
T o tals............................................ 81,137,146 59 $1,411,148 90 $1,477,145 75 $1,469,719 74
$1,459,235 27
Liabilities.
Capital stock paid ill.......................
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
$150,000 00
$150,000 00
$150,000 00
$150,000 00
$150,000 00
65,000 00
65,000 00
65,000 00
65,000 00
75,000 00
31,417 20
27,639 02
36,688 59
43,315 44
26,600 15
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
100 00
200 00
100 00
100 00
200 00
319,399 89
552,546 64
566,233 58
511,673 07
457,786 32
Commercial certificates of d ep o sit.
2,027 23
3,792 28
5,952 23
4,760 72
10,394 83
Due f.n hanks and b an k ers...............
939 72
939 72
939 72
939 72
939 72
Pavings d ep o sits................................
315,234 90
334,140 35
369,882 75
400,332 67
412,661 71
293,598 12
325,652 54
T o tals............................................ $1,137,146 59 $1,411,148 90 $1,477,145 75 $1,469,719 74
$1,459,235 27
Savings certificates of deposit. . . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
253,027 65
276,890 89
282,348 88
142
ST A T E BAN KING D EPARTM ENT.
No. 23.
GENESEE COUNTY SAYINGS BANK, FLINT.
Organized May 1, 1872.
Corporate existence extended April 25, 1902.
J a m e s C. W i l l s o n , P r e s id e n t ; H. C. S p e n c e r ., V ic e P r e s id e n t ; A r t h u r G. B i s h o p , Cashier;
J a m e s M a r t i 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 .— W. W. Crapo, Jam es C. Willson, A. G. Bishop,W. C. Orrell, J. Dallas Dort, H. C. Spencer
J. H. Crawford, George C. Willson, C. S. M ott,
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$687,591 60
$659,724 73
$688,174 31
$865,759 59
$1,024,462 76
Bonds, m ortgages and securities. .
927,080 40
951,605 31
1,074,443 73
1,148,346 87
1,127,205 59
9,910 66
2,103 34
3,009 22
12,943 70
9,197 05
1,460 75
3,982 48
5,244 41
7,258 91
2,649 48
9,543 51
5,967 12
6,225 44
5,215 11
60,925 61
Prem ium s paid on b o n d s...............
O verdrafts............................................
B anking house....................................
F u rn itu re and fixtures.....................
Building acco u n t...............................
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit..................................
U nited States bonds.........................
Due from banks in reserve citie s. .
81,794 54
176,273 14
277,077 66
218,473 51
Exchanges for clearing h o u se .........
1,313 36
1,029 34
1,243 19
3,278 28
1,577 66
U. S. and N ational b ank cu rre n cy .
56,397 00
53,268 00
45,564 00
48,661 00
63,359 76
Gold c o in ................................
37,350 00
38,780 00
35,485 00
30,115 00
34,735 00
Silver coin................................... ..
13,200 00
9,100 00
12,000 00
11,500 00
11,500 00
Nickels and c e n ts.....................
148 32
262 24
105 30
511 96
477 58
Checks and cash ite m s..................
462 92
1,685 22
1,452 95
7,475 64
10,738 95
$1,817,898 28 $1,904,835 58 $2,148,504 96 $2,358,535 40
$2,356,653 98
T o tals..........................................
Liabilities.
Capital stock paid in .....................
Surplus fu n d ..................................
U ndivided profits, less current ex
penses, interest and taxes p a id ..
$100,000 00
$100,000 00
$100,000 00
$100,000 00
$100,000 00
150,000 00
150,000 00
150,000 00
150,000 00
200,000 00
35,827 62
37,642 94
47,287 78
48,413 20
1,775 16
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .............................................
285,896 98
336,170 85
404,257 58
527,896 20
525,601 49
Commercial certificates of deposit.
17,151 98
8,084 27
21,850 37
18,199 76
17,084 23
100 00
100 00
424 94
150 00
1,502 82
Savings d ep o sits..............................
932,340 44
978,999 32
1,097,019 24
1,175,347 58
1,136,574 00
Savings certificates of dep o sit........
296,581 26
293,738 20
327,665 05
338,528 66
366,526 87
$1,817,898 28 $1,904,835 58 $2,148,504 96 $2,358,535 40
$2,356,653 98
100 00
180 00
Due to banks and b an k ers...............
Certified checks................................
7,409 41
Cashier’s checks o u tstanding...........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals.............................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
!
STATE BANKS OF MICHIGAN.
143
No. 431.
THE INDUSTRIAL SAVINGS BANK, FLINT.
Organized May 8, 1909.
C. S. M o t t ,
P r e s id e n t ;
C. W. N a s h ,
V ic e P r e s id e n t ; G r a n t
J. B r o w n ,
C a s h ie r .
D i r e c t o r s .— C. S. M ott, C. W. Nash, G rant J. Brown, C. T. Bridgm an, D. D. Aitken, Geo. C. Willson,
Fred Weiss, S. S. Stew art, A. H. Goss.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09 June 23, ’09. Sept. 1, ’09.
Loans and discounts..........1............
$34,667 47
Bonds m ortgages and securities...
11,700 00
Prem ium s paid on b o n d s.................
40 69
O verdrafts............................................
Banking house....................................
748 72
F u rn itu re and fixtures.....................
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
6,556 63
............... ...............
U nited States bonds.........................
17,997 37
Due from banks in reserve c itie s ..
Exchanges for clearing h o u s e .. . .
240 00
[J. S. and N ational bank currency.
5,242 00
Gold co in .............................................
2,350 00
Silver c o in ...........................................
5,084 80
Nickels and c en ts..............................
217 51
Checks and cash ite m s....................
8 50
E x p en se................................................
499 31
T o tals............................................
$85,353 00
Liabilities.
Capital stock paid in .......................
•
$35,160 00
6,955 00
Surplus fu n d ........................................
U ndivided profits, less current ex
penses interest and taxes p a id . .
Dividends unpaid . . . .
Commercial deposits subject to
check .................................................
16,301 06
Commercial certificates of d ep o sit.
1,711 97
Due to banks and bankers . .
Certified cheeks. . .
Cashier’s checks outstanding . .
Savings d ep o sits................................
13,192 68
Savings certificates of deposit. . . .
12,032 29
Notes and bills rediscounted . . .
Bills p a y a b le .........
T o ta ls...
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1
............... ...............
!
$85,353 00
STATE BANKING DEPARTMENT.
144
No. 165.
THE UNION TRUST AND SAVINGS BANK, FLINT.
Organized July 11, 1893.
C.
T. B r id g m a n ,
P r e s id e n t ;
L.
W. A. P a t e r s o n , V ic e P r e s id e n t ; M. D a v i s o n ,
H. B r id g m a n , A s s i s t a n t C a s h ie r .
C a s h ie r ;
D i r e c t o r s .— C. T. Bridgm an, W. A. Paterson, M. Davison, W. E. Bram an, W. F. Stew art,
F.
H. Rankin, Geo. W. Cook, W. H. Edwards.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$463,091 12
$457,681 54
$513,141 31
$514,884 70
$535,322 70
Bonds, m ortgages and securities...
1,120,180 27
1,127,429 89
1,134,216 28
1,158,812 47
1,196,774 76
Prem ium s paid on b o n d s.................
O verdrafts............................................
1,962 68
726 02
775 51
3,849 57
3,656 79
B anking house....................................
22,000 00
22,000 00
22,000 00
22,000 00
22,000 00
F u rn itu re and fixtures.....................
7,500 00
7,590 00
7,500 00
7,500 00
7,000 00
Other real estate................................
Due from other banks and bankers
(not reserve c itie s)..-...................
11,200 00
16,200 00
16,200 00
13,900 00
13,300 00
75 00
132 10
98 00
5,790 96
1,593 00
178,855 18
Item s in tra n sit.................................
25,000 00
U nited States bonds.........................
123,262 97
188,688 49
194,931 05
268,340 48
Exchanges for clearing house. . . .
1,127 61
867 78
2,087 15
51 99
3,553 47
U. S. and N ational bank currency.
69,511 00
40,329 00
52,934 00
53,077 00
52,257 00
Gold co in .............................................
32,057 50
22,323 50
20,835 00
16,522 50
16,947 50
Silver c o in ...........................................
14,230 00
16,312 95
17,869 95
15,284 60
13,580 45
Nickels and c e n ts..............................
375 51
261 73
616 06
510 40
Checks and cash ite m s....................
462 27
1,865 44
3,191 48
Due from banks in reserve cities. .
T o tals............................................ $1,867,035 93 $1,902,318 44 $1,986,395 79 $2,080,524 67
Liabilities.
Capital stock paid in .......................
215 58
3,089 25
$2,073,145 68
$100,000 00
$100,000 00
$100,000 00
$100,000 00
$100,000 00
60,000 00
65,000 00
65,000 00
65,000 00
70,000 00
29,247 53
16,468 44
28,006 67
26,043 92
10,205 23
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
184,424 15
217,327 32
237,173 37
276,757 28
302,235 27
Commercial certificates of d ep o sit.
7,026 22
5,935 75
7,431 81
7,193 07
5,021 80
Due to banks and b an k ers...............
8,584 64
Certified checks..................................
200 00
200 00
620 00
100 00
Savings d ep o sits................................
989,872 45
1,004,932 78
1,042,949 40
1,094,556 92
1,085,538 52
Savings certificates of deposit. . . .
487,689 94
492,454 15
505,214 54
509,146 54
499,984 86
T o tals............................................ $1,867,035 93 $1,902,318 44 $1,986,395 79 $2,080,524 67
$2,073,145 68
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
160 00
1,726 94
Cashier’s checks o u tstan d in g ...........
Notes and bills red iscounted.........
Bills p a v a b le .....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
145
No. 126.
THE FIRST STATE AND SAVINGS BANK OF FLUSHING, FLUSHING.
Organized November 28, 1891.
F r a n k l i n A. N i l e s , P r e s id e n t ; J a c o b K i m m e l l , V ic e P r e s id e n t ; F r e d D. S a y r e , C a s h ie r .
D i r e c t o r s .— F. A. Niles, Id a P ackard, Jacob Kimmell, Jam es M. Greenfield, Fred D. Sayre.
Resources.
R eport of
Nov. 27, ’08
R eport of
R eport of
R eport of
R eport of
Feb. 5, ’09. April 28, ’09 June 23, '09. Sept. 1, ’09.
Loans and discounts.........................
«61,888 67
$58,333 47
$57,298 86
$55,117 97
$57,410 09
Bonds, m ortgages and se c u ritie s..
200,468 49
199,907 25
211,183 78
219, 703 78
221,038 78
Prem ium s paid on b o n d s...............
900 00
Expenses, and interest p a id ............
161 49
O verdrafts............................................
Banking house....................................
2,700 00
2,700 00
2,700 00
2,700 00
2,700 00
F u rn itu re and fixtures.....................
1,860 00
1,860 00
1,860 00
1,860 00
1,860 00
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
54 66
492 95
62 89
35 42
45 21
1,242 44
2,302 69
2,671 68
1,286 30
1,793 16
38,500 99
52,057 79
29,030 21
21,716 58
25,422 83
United S tates bonds.........................
Due from banks in reserve c itie s ..
Exchanges for clearing h o u se.........
U. S. and N ational bank cu rre n cy .
7,210 00
4,867 00
4,699 00
5,781 00
5,851 00
Gold c o in .............................................
5,900 00
6,080 00
6,510 00
7,160 00
7,500 00
Silver coin..........................................
1,410 65
1,941 00
1,900 30
1,357 35
1,837 85
Nickels and c en ts..............................
662 88
242 54
172 98
41 20
313 24
Checks and cash ite m s....................
360 76
2,519 75
302 79
879 91
510 06
T o tals............................................
$323,159 54
$333,304 44
$318,392 49
$317,801 00
$326,282 22
Liabilities.
Capital stock paid in .......................
$27,500 00
$27,500 00
$27,500 00
$27,500 00
$27,500 00
17,000 00
18,000 00
18,000 00
19,000 00
19,000 00
3,943 62
280 94
2,348 95
Surplus fu n d ....................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
499 38
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
29,670 74
38,073 96
34,003 76
9,378 41
12,498 63
Commercial certificates of d ep o sit.
2,546 62
1,266 00
2,632 76
4,518 74
1,011 12
40 00
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstanding...........
Savings d ep o sits................................
54,186 60
56,441 92
55,134 24
58,384 29
61,896 18
Savings certificates of dep o sit........
188,311 96
191,741 62
178,772 78
178,979 56
183,876 91
20,000 00
20,000 00
$323,159 54
$333,304 44
$318,392 49
$317,801 00
$326,282 22
Notes and bills rediscounted...........
Bills p a y ab le.......................................
T otals............................................
19
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
ST A T E B AN KING D EPA R TM EN T.
146
No. 223.
THE PEOPLE’S STATE BANK OF FLUSHING, FLUSHING
Organized March 10, 1900.
I r a T. S a y r e , P r e s id e n t ; J o h n H. R o w e , V ic e P r e s id e n t ; L e v a n t A. V i c k e r y , C a s h ie r ;
H a r r y L . M a n 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 .— Ira T. Sayre, Levant A. Vickery, John H. Rowe, Jam es B. French, Orrin H art,
A lbert E. Ransom , E lbert L. Beecher, William Brophy, F rank P. Sayre.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$93,641 31
$96,739 31
$102,873 41
$104,320 13
$98,098 48
Bonds, m ortgages and securities...
62,402 00
59,152 00
61,191 00
60,871 00
67,876 00
Prem ium s paid on b o n d s.................
O verdrafts............................................
3,607 87
529 86
424 31
359 87
196 72
Banking house....................................
4,393 60
4,393 60
4,393 60
4,393 60
4,393 60
F urniture and fixtures.....................
2,675 57
2,675 57
2,675 57
2,675 57
2,675 57
478 62
624 78
561 01
676 19
799 74
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
307 66
Bills of exchange...............................
860 63
Item s in tra n sit.................................
United Sta tes b o n d s.. .
Due from banks in reserve cities..
18,143 32
"exchanges for clearing house. . . .
26,189 07
13,054 35
20,392 82
10,809 55
307 66
U. S. and N ational bank c u rre n cy .
7,475 00
6,809 00
7,037 00
5,046 00
4,537 00
Gold c o in .............................................
2,255 00
2,930 00
3,235 00
3,320 00
3,735 00
Silver c o in ...........................................
1,487 75
1,797 55
1,624 25
1,612 15
2,053 00
Nickels and c e n ts..............................
140 24
169 17
293 88
92 86
411 47
Checks and cash ite m s ............. ..
672 55
98 34
2,362 53
130 53
90 79
T o tals............................................
$197,372 83
$202,415 91
$200,033 57
$203,890 72
$196,537 55
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
606 75
1,251 89
737 22
691 58
1,157 62
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
130 50
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
20,463 69
24,109 99
17,864 41
19,523 35
19,640 87
Commercial certificates of d ep o sit.
5,362 46
2,418 63
1,739 87
1,305 38
1,686 19
157 50
Duo fo banks and hankers
Cashier’s checks outstanding
Savings d ep o sits............................ ‘ .
11,763 06
20,583 64
19,975 65
16,167 07
11,207 91
Savings certificates of dep o sit. . . .
120,176 87
114,894 26
119,716 42
126,203 34
122,714 46
5,000 00
5,000 00
5,000 00
$200,033 57
$203,890 72
$196,537 55
S tate monies on d ep o sit.................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4,000 00
4,000 00
$197,372 83
$202,415 91
147
STA TE BANKS OF M ICHIGAN.
No. 141.
STATE SAYINGS BANK OF FOWLER, FOWLER,
Organized September 19, 1892.
F r e d e r i c k S c h e m e r , P r e s id e n t ; M ic h a e l S p i t z l e y , V ic e P r e s id e n t ;
W. H. S n e l l i n g , C a s h ie r .
D i r e c t o r s .— Frederick Schemer, W. H. Snelling, Michael Spitzley, T. W. Snelling, E rnest Schem er.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, ’09.
Loans and discounts.........................
$59,661 27
$43,480 70
$51,148 76
$56,597 52
$57,570 66
Bonds, m ortgages and securities..
145,013 20
151,092 56
136,624 52
140,749 52
135,802 87
l,0 li 76
521 85
570 61
12 52
1,197 62
F urn itu re and fixtures.....................
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
Other real estate...............................
Due from other banks and bankers
(not reserve cities).......................
5§5 33
Prem ium s paid on b o n d s...............
O verdrafts............................................
Banking house....................................
19 59
3,150 00
Item s in tra n sit.................................
2,120 00
2,760 00
35,388 11
21,453 17
U nited S tates bonds.........................
Due from banks in reserve cities. .
30,834 75
21,580 28
13,932 20
Exchanges for clearing h o u se.........
U. S. and N ational bank currency.
8,922 00
7,886 00
6,863 00
7,786 00
7,558 00
Gold c o in .............................................
5,237 50
5,162 50
5,187 50
5,262 50
5,330 00
Silver coin............................................
592 00
786 00
612 00
815 00
643 00
Nickels and c en ts..............................
69 79
141 37
140 59
132 32
98 74
Checks and cash ite m s ...................
100 96
74 43
109 50
2,780 43
373 63
T otals............................................
$254,508 56
$252,303 52
$227,969 65
$238,235 68
$225,006 72
Liabilities.
Capital stock paid in .......................
$15,000 00
$15,000 00
$15,000 00
$15,000 00
$15,000 00
9,500 00
10,000 00
10,000 00
10,000 00
10,000 00
2,906 44
310 46
2,360 50
2,464 94
734 13
14,611 22
23,126 01
12,030 35
18,332 97
15,040 57
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
Commercial certificates of d ep o sit.
Due. tn hanks and b an k ers...............
Certified cheeks
Cashier’s eheeks o utstanding...........
Savings d ep o sits................................
37,263 61
31,344 89
28,254 39
27,949 31
29,703 89
Savings certificates of deposit........
175,227 29
172,522 16
160,324 41
164,488 46
154,528 13
$254,508 56
$252,303 52
$227,969 65
Notes and hills rediscounted...........
I......................
Bills payable ....................................
T o tals..........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$238,235 68
$225,006 72
148
STA TE BAN KING D EPA R TM EN T.
No. 293.
THE STATE BANK OF FOWLERVILLE, FOWLERVILLE, MICHIGAN.
Organized June 1, 1904.
J
ohn
C. E l l s w o r t h ,
P r e s id e n t ;
S. L. B i g n a l l ,
V ic e P r e s id e n t ;
E. S c h n e i d e r ,
C a s h ie r .
D i r e c t o r s .— John C. Ellsworth, J. L. Cooper, S. L. Bignall, Alex. McPherson, R. C. Smith.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$86,072 42
$87,624 36
$79,127 70
$90,891 25
$98,236 41
Bonds, m ortgages and securities...
70,438 95
73,908 95
92,458 95
100,108 95
98,308 95
440 82
200 22
224 42
142 31
374 95
998 11'
360 43
Prem ium s paid on b o n d s.................
O verdrafts............................................
Banking house....................................
F u rn itu re and fixtures.....................
Other real e state................................
Due from other banks and bankers
(not reserve cities).......................
871 45
279 55
1,349 76
Item s in tra n sit..................................
368 93
1,674 14
365 59
23,933 60
26,777 63
42,133 91
29,772 51
19,216 17
U. S. and N ational b ank currency.
5,956 00
5,376 00
7,981 00
5,982 00
6,602 00
Gold c o in .............................................
4,320 00
3,285 00
5,880 00
6,055 00
6,530 00
Silver co in ...........................................
2,548 55
2,379 20
1,438 90
1,558 20
856 20
Nickels and c e n ts..............................
135 46
131 89
120 01
169 63
139 52
Checks and cash ite m s....................
825 83
637 96
270 46
88 67
1,869 11
T o tals............................................
$195,912 01
$202,274 90
$231,350 70
$235,766 63
$232,493 74
Liabilities.
Capital stock paid in .......................
$25,000 00
*•
U nited States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing house. . . .
$25,000 00
$25,000 00
$25,000 00
$25,000 00
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes p a id ..
1,600 00
1,733 41
1,733 41
1,733 41
1,843 41
2,676 56
1,377 68
2,652 38
3,046 96
1,582 53
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
27,287 62
31,938 20
26,492 72
31,143 94
28,304 27
Commercial certificates of d ep o sit.
83,181 55
52,797 00
30,659 63
18,562 96
9,664 91
56,166 28
89,428 61
144,812 56
156,279 36
166,098 62
$195,912 01
$202,274 90
$231,350 70
$235,766 63
$232,493 74
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
Savings certificates of dep o sit. . . .
Notes and bills rediscounted........
Bills p a y ab le.......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKS OF M ICHIGAN.
149
No. 229.
BENZIE COUNTY STATE SAVINGS BANK, FRANKFORT.
Organized April 15, 1901.
L. P. C l a s s e n s ,
P r e s id e n t ;
H. F. R o b e r t s o n , L. E. V o r c e , V ic e P r e s id e n t s ; J . F. H o f s t e t t e r ,
G e o r g e M. M o o r e , A s s i s t a n t C a s h ie r .
C a s h ie r ;
D i r e c t o r s .— L. P. Classens, H. F. Robertson, L. E. Vorce, Geo. W aters, Jr., J. F. H ofstetter.
Resources.
R eport of
Nov. 27, ’08
R eport of
R eport of
R eport of
R eport of
Feb. 5, ’09. April 28, ’09 June 23, ’09 Sept. 1, ’09.
Loans and discounts.........................
$34,749 57
$35,064 88
$40,679 54
$43,855 05
$39,571 99
Bonds, m ortgages and securities..
144,355 42
141,642 56
135,894 41
137,749 32
138,085 45
Prem ium s paid on b o n d s...............
O verdrafts..........................................
323 76
918 35
487 19
1,293 74
111 87
B anking house....................................
5,800 00
5,800 00
5,800 00
5,800 00
5,800 00
F u rn itu re and fixtures.....................
2,035 00
2,035 00
2,035 00
2,035 00
2,035 00
O ther real e sta te .........................
Due from other banks and bankers
(not reserve cities).......................
1,725 00
1,666 00
1,666 00
1,210 26
1,842 00
7 59
155 26
22,344 75
22,891 47
Item s in tra n sit................................
153 50
United States bonds.........................
Due from banks in reserve cities..
23,484 31
22,823 20
72,998 21
Exchanges for clearing h o u se .........
U. S. and N ational bank currency.
5,984 00
9,381 00
8,247 00
9,904 00
9,071 00
Gold c o in .....................................
6,500 00
5,935 00
6,210 00
5,205 00
6,175 00
Silver coin.............................
700 00
1,900 00
1,250 00
1,200 00
Nickels and c e n ts..............................
99 47
164 51
Checks and cash ite m s ..................
657 39
T o tals................................
Liabilities.
Capital stock paid in .................
109 89
121 36
49 25
230 06
186 05
1,969 64
$226,963 92
$226,239 52
$225,205 82
$230,952 74
$279,762 91
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
Surplus fu n d ..................................
Undivided profits, less current ex
penses, interest and taxes paid. .
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
2,171 75
165 93
1,474 42
2,687 67
669 83
Dividends u n p a id ........................
Commercial deposits subject to
ch eck ..........................
65,892 37
71,223 95
70,993 81
76,173 43
112,364 27
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks................................
Cashier’s checks outstanding..........
Savings d ep o sits........................
83,238 79
80,507 47
84,457 63
86,855 22
95,264 74
Savings certificates of deposit........
50,661 01
49,342 17
43,279 96
40,236 42
46,464 07
$226,963 92
$226,239 52
$225,205 82
$230,952 74
$279,762 91
N otes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
ST A T E BAN KING D EPA RTM EN T.
150
No. 297.
THE FREMONT STATE BANK, FREMONT, MICHIGAN.
Organized May 24, 1904.
A m o s O. W h i t e , P r e s id e n t ; J o h n R . J a c k l i n , V ic e P r e s id e n t ; E m i e l K e m p f , C a s h ie r .
D i r e c t o r s .— Amos O. W hite, Emiel Kem pf, L. D. Puff, John R. Jacklin, Jno. H. Lewis,
Cornelius Gerber, Wm. F. Hillyard.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$91,774 78
$101,875 30
$97,427 25
$102,638 65
$111,737 34
Bonds, m ortgages and securities..
113,817 08
105,890 33
115,168 15
123,027 65
139,461 36
O verdrafts............................................
136 55
196 77
184 14
86 57
294 49
Ranking house....................................
5,500 00
5,300 00
5,510 00
5,510 00
5,510 00
F urniture and fixtures.....................
4,694 66
4,394 66
4,394 66
4,394 66
4,394 66
1,265 05
128 02
340 55
49,342 03
43,000 19
51,663 48
64,164 56
29,348 75
Other real estate
Due from other banks and bankers
United sta te s honds
Due from banks in reserve c itie s ..
Exchanges for clearing h o u se. . . .
U. S. and N ational bank cu rren cy .
10,779 00
10,373 00
8,928 00
14,459 00
12,466 00
Gold co in .............................................
4,527 50
4,235 00
4,050 00
4,600 00
4,910 00
Silver coin............................................
1,411 65
1,254 25
791 25
1,142 30
1,240 95
Nickels and c e n ts..............................
229 04
176 54
187 46
244 61
187 46
P,hecks and cash ite m s....................
430 62
754 74
174 64
1,541 57
548 40
T o tals............................................
$283,907 96
$277,578 80
$288,819 58
$321,809 57
$310,099 41
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
2,500 00
4,000 00
4,000 00
4,000 00
4,000 00
6,811 23
39,996 74
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends unpaid
Commercial deposits subject to
ch eck .................................................
8,884 30
3,047 91
5,530 65
6,933 59
36,006 56
34,896 25
44,200 60
56,016 13
G o m m e r n in l c e r t i f i c a t e s o f d e p o s i t
Due to banks and hankers
Cashier’s checks outstaudinir
Savings d ep o sits................................
Savings certificates of deposit........
78,868 03
75,512 33
73,571 91
75,720 87
79,382 25
132,649 07
135,122 31
136,516 42
154,138 98
154,909 19
$283,907^96
$277,578 80
$288,819 58
$321,809 57
$310,099 41
Notes and bills rediscounted
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
151
No. 345.
THE OLD STATE BANK OF FREMONT, FREMONT.
Organized July 16, 1906.
J . A n d r e w G e r b e r , P r e s id e n t ; J o s e p h G e r b e r , C h a r l e s B . B u c k , V ic e P r e s id e n t s ; T. I. F r y , C a s h ie r .
D i r e c t o r s .— J. A. Gerber, Joseph Gerber, C. B. Buck, S. P. Odell, T. I. Fry, F rank Gerber,
John P ikaart, H. G. Willson, J. B. Scott.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$194,738 74
$183,162 17
$179,968 36
$170,287 91
$182,956 34
Bonds, m ortgages and securities..
92,899 57
102,944 57
112,755 00
111,516 25
121,505 00
Prem ium s paid on b o n d s...............
O verdrafts............................................
949 59
757 09
301 09
364 89
1,850 29
Banking house....................................
6,300 00
6,300 00
6,300 00
6,300 00
6,300 00
F u rn itu re and fixtures.....................
3,000 00
3,000 00
3,000 00
3,000 00
3,800 00
1,133 00
1,133 00
1,133 00
286 98
210 24
23,938 58
45,782 64
30,212 94
Other real e s ta te ...............................
Due from other banks and bankers
(not reserve cities).......................
Tterns in tra n sit..................................
U nited S tates bonds.........................
Due from banks in reserve c itie s ..
31,380 83
36,143 91
”Rychanges for clearing h o u se .........
U. S. and N ational bank cu rre n cy .
8,085 00
8,106 00
8,323 00
14,355 00
13,248 00
Gold c o in .............................................
10,315 00
11,335 00
11,140 00
10,465 00
10,795 00
Silver coin............................................
1,133 00
1,018 00
643 00
1,067 00
2,335 00
Nickels and c e n ts..............................
200 91
75 07
19 47
329 69
110 26
Checks and cash ite m s ....................
1,541 46
1,452 56
1,451 55
87 14
1,228 68
T o tals............................................
$350,544 10
$354,294 37
$348,973 05
$364,975 50
$375,684 75
Liabilities.
Capital stock paid in .......................
$35,000 00
$35,000 00
$35,000 00
$35,000 00
$35,000 00
8,750 00
8,750 00
8,750 00
8,750 00
8,750 00
5,394 98
1,263 80
3,753 36
3,737 66
4,186 62
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
170 00
Commercial deposits subject to
ch eck .................................................
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
71,769 26
75,657 38
73,820 56
83,023 64
81,691 36
6,461 69
6,461 69
6,461 69
6,461 69
6,461 69
226 94
1,107 54
216 87
Cashier’s checks outstanding...........
Savings d ep o sits.................................
35,201 06
40,778 12
41,438 96
41,968 46
49,266 91
Savings certificates of d ep o sit........
187,740 17
185,105 84
179,531 61
186,034 05
190,328 17
T o tals............................................
$350,544 10
$354,294 37
$348,973 05
$364,975 50
$375,684 75
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
152
STA TE BAN KING D EPA RTM EN T.
No. 362.
THE STATE SAYINGS BANK OF GAGETOWN.
Organized February 6, 1907.
J . L . P u r d y , P r e s id e n t ; J . L . W i n c h e s t e r , V ic e P r e s id e n t ; E d i t h E . M i l l e r , C a s h ie r .
D i r e c t o r s .— J. L. P urdy, L. C. P urdy, R ichard Burdon, R ichard Case, J. L. W inchester.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$35,713 87
$35,864 20
$42,888 37
$47,066 22
$46,346 04
Bonds, m ortgages and securities...
26,715 60
29,276 99
30,645 11
30,914 81
28,334 61
Prem ium s paid on b o n d s.................
O verdrafts...........................................
Banking house....................................
406 58
158 08
120 46
193 59
449 90
8,000 00
8,000 00
8,000 00
8,000 00
8,000 00
2,000 00
2,000 00
2,000 00
2,000 00
25,288 12
8,044 10
5,172 78
6,421 34
F u rn itu re and fixtures.....................
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit..................................
U nited States bonds.........................
Due from banks in reserve cities..
21,703 25
Exchanges for clearing house. . . .
U. S. and N ational bank currency .
1,506 00
4,979 00
4,689 00
2,532 00
3,039 00
5,166 00
Gold c o in ...........................................
456 00
401 00
241 00
456 00
511 00
Silver c o in .........................................
318 30
305 05
301 95
235 75
233 75
Nickels and c e n ts..............................
46 39
42 99
98 45
93 54
91 80
Checks and cash ite m s ....................
593 92
6 50
172 22
395 24
17 20
$100,932 91
$106,031 93
$95,043 66
$99,072 93
$97,571 64
$25,000 00
T o tals..........................................
Liabilities.
C apital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes paid. .
258 27
383 83
383 83
383 83
517 24
1,127 58
450 19
1,378 95
1,552 34
152 97
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck ...........................................
17,858 53
24,404 31
13,461 13
18,043 59
15,700 91
Commercial certificates of d ep o sit.
5,111 92
1,882 62
1,930 62
3,346 22
12,870 37
51,576 61
53,910 98
52,889 13
50,746 95
38,830 15
$106,031 93 J
$95,043 66
$99,072 93
$97,571 64
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
Savings certificates of deposit. . . .
Notes and bills redisco unted........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4,500 00
$100,932 91
STATE BANKS OF MICHIGAN.
153
No. 426.
THE GALESBURG STATE BANK, GALESBURG.
Organized February 13, 1909.
S. D u n n ,
P r e s id e n t ;
T. S. C l a p p ,
V ic e P r e s id e n t ; C. C. C l a p p , C a s h ie r .
D i r e c t o r s .— H. A. Steward, Chas. G. Curtis, I. N. Carson, Roy H. Spier, S. Dunn, T. S. Clapp
C. C. Clapp.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans an d discounts.........................
$22,009 25
$33,666 95
$39,988 12
Bonds, m ortgages and se cu rities..
20,810 00
25,555 43
23,865 37
46 04
37 12
465 36
1,500 00
1,500 00
1,500 00
21,430 64
16,174 27
10,951 11
U. S. and N ational bank cu rren cy .
2,700 00
1,421 00
1,925 00
Gold c o in .............................................
395 00
480 00
400 00
Silver coin............................................
113 35
53 45
106 90
Nickels and c e n ts..............................
10 03
113 93
182 98
Checks and cash ite m s ....................
4,073 37
1,994 78
1,975 98
Prem ium s paid on b o n d s...............
O verdrafts............................................
B anking house....................................
F u rn itu re and fixtures.....................
O ther real e state................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing h o u se .........
In terest paid on liquidating account
134 06
T o ta ls......................................* .
$73,221 74
$80,996 93
$81,360 82
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes paid. .
112 81
165 37
180.93
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
22,696 04
27,465 88
18,760 42
30,412 89
33,238 95
42,095 92
126 73
92 43
$80,996 93
$81,360 82
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstanding..........
Savings d ep o sits................................
Savings certificates of dep o sit........
231 12
L iquidating interest account...........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
20
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$73,221 74
154
STATE BANKING DEPARTMENT.
No. 153.
THE GAYLORD STATE SAVINGS BANK, GAYLORD.
Organized March 4, 1893.
F r a n k A. K r a m e r , P r e s id e n t ; E a r l B. B o l t o n , V ic e P r e s id e n t ; S. W. B u c k , C a s h ie r ;
H. E. B l o d g e t 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 .— F rank A. K ram er, Sanford W. Buck, E arl B. Bolton, John G. Berry, L. Jenson.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, ’09.
Loans and discounts.........................
$152,164 59
$143,798 36
$134,540 13
$141,509 48
$136,970 03
Bonds, m ortgages and securities...
68,191 58
58,204 58
64,250 33
65,329 00
67,734 00
Prem ium s paid on b o n d s.................
O verdrafts............................................
103 61
90 83
55 21
372 30
168 64
B anking house....................................
12,000 00
12,000 00
12,000 00
12,000 00
12,000 00
F u rn itu re and fixtures.....................
2,400 00
2,400 00
2,400 00
2,400 00
2,400 00
Other real e sta te .............................
Due from other banks and bankers
(not reserve cities).....................
3,850 00
3,850 00
3,850 00
3,850 00
3,850 00
67 00
1,178 04
1,183 90
921 26
781 72
12,450 85
21,234 65
23,127 83-
15,411 13
17,722 42
Item s in tra n sit...............................
United S tates bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing house. . . .
J . S. and N ational bank cu rre n cy .
13,461 00
2,912 00
7,300 00
8,860 00
4,148 00
9,755 00
10,315 00
10,052 50
10,245 00
11,725 00
Silver c o in ............................
957 15
865 95
788 85
1,773 85
825 65
Nickels and c e n ts.......................
441 48
601 70
651 32
740 35
577' 60
Gold co in ...........................................
Checks and cash ite m s.............
T o tals...............................
Liabilities.
Capital stock paid in ...............
1,117 87
2,172 48
671 20
1,194 91
889 58
$276,960 13
$259,623 59
$260,871 27
$264,607 28
$259,792 64
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
Surplus fu n d ....................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
10,560 25
8,249 99
10,330 51
10,948 32
9,442 10
Dividends u n p a id ........................
Commercial deposits subject to
ch eck .......................
34,118 95
41,590 59
47,976 43
48,995 68
43,454 91
Commercial certificates of d ep o sit.
Due to banks and b an k ers.........
Certified checks.................
Casnier’s checks o u tstan d in g ...........
Savings d ep o sits....................
147,389 26
126,465 18
126,641 45
127,585 97
132,321 39
Savings certificates of dep o sit. . . .
45,891 67
43,517 83
45,922 88
47,077 31
44,574 24
Notes and bills rediscounted........
9,000 00
9,800 00
$276,960 13
$259,623 59
$260,871 27
$264,607 28
$259,792 64
Bills p a y a b le .............
T o tals................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
155
STATE BANKS OF MICHIGAN.
No. 298.
•
STATE BANK OF GLADWIN, GLADWIN.
Organized July 27, 1904.
W il l i a m H . A i t k i n , P r e s id e n t ; A . H . M e d b u r y , V ic e P r e s id e n t ; M e l v i n F . A i t k i n , C a s h ie r ;
C. G . G o o d r u m , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— William H. Aitken, A. H. Medbury, Melvin H. Aitkin, R obert Croskery, F rank Leonard,
Guy E. Sm ith, Eugene Foster, A. E. Sleeper.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, '08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept 1, ’09.
Ijoans a,nrl discounts.........................
$94,190 37
$97,456 06
$99,496 52
$104,769 12
$107,651 12
Bonds, m ortgages and securities...
6,442 78
5,392 78
7,480 78
8,255 78
11,398 00
O verdrafts............................................
271 71
43 88
148 90
536 44
722 28
R ankins house....................................
6,000 00
6,000 00
6,000 00
6,000 00
6,000 00
F urniture and fixtures.....................
1,450 00
1,450 00
1,450 00
1,450 00
1,450 00
Other real e state...............................
Due from other banks and bankers
(not reserve cities) ...................
3,516 00
3,516 00
3,516 00
3,516 00
3,516 00
34 00
132 18
633 43
Due from banks in reserve cities..
9,233 86
19,365 78
15,261 33
12,490 04
16,936 41
U. S. and National bank currency.
6,111 00
7,986 00
9,275 00
6,736 00
6,784 00
Oold c o in .............................................
4,525 00
1,220 00
2,235 00
2,435 00
2,925 00
627 35
Silver c o in ...........................................
398 75
509 75
493 00
664 15
"Nfinkels and c e n ts..............................
35 49
97 14
91 98
51 48
92 77
Checks and ca,sh ite m s ...................
580 28
747 50
295 55
1,411 24
798 46
T o tals............................................
$132,755 24
$143,784 89
$145,778 06
$148,447 43
$159,534 82
Liabilities.
paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
1,700 00
1,700 00
2,450 00
2,450 00
2,450 00
2,942 00
82,001 91
Capital
s fo c k
fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
5,249 79
6,024 29
548 56
1,701 94
Commercial deposits subject to
check .................................................
58,885 10
74,123 86
72,370 53
74,239 67
S u r p lu s
47,090 91
Commercial certificates of d ep o sit.
126 00
50 00
99 00
Savings certificates of deposit. . . .
41,821 35
36,810 74
45,408 97
45,055 82
T o tals............................................
$132', 755 24
$143,784 89
$145,778 06
$148,447 43
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$159,534 82
156
STATE BANKING DEPARTMENT.
•
No. 249.
GRAND HAVEN STATE BANK, GRAND HAVEN.
Organized September 23, 1901.
J o s e p h W. O ’B r i e n , P r e s id e n t ; E l b e r t L y n n , V ic e P r e s id e n t ; B . P . S h e r w o o d , C a s h ie r .
D i r e c t o r s . —Joseph W. O ’Brien, G errit J. Diekema, C. Ver Schure, E lbert Lynn, K. T. Van den
Bosch, John Veneklassen, W. H. Beach, M. C. Sherwood, B. P. Sherwood.
Resources.
R eport of
Nov. 27, ’08
R eport of
R eport of
R eport of
R eport of
Feb. 5, ’09. April 28, ’09. June 23, ’09 Sept. 1, ’09.
Loans and discounts.........................
$164,988 77
$171,808 53
$163,330 50
$164,511 43
$175,519 74
Bonds, m ortgages and securities...
164,324 50
171,591 50
172,346 40
172,553 65
179,848 65
Prem ium s paid on b o n d s.................
O verdrafts............................................
388 46
490 16
249 15
189 10
584 51
B anking house....................................
6,703 00
6,703 00
6,703 00
6,703 00
6,703 00
F u rn itu re and fixtures.....................
2,815 62
2,815 62
2,815 62
2,815 62
2,815 62
19 71
72 04
41,958 56
52,016 51
O ther real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
125 08
U nited States bonds.........................
Due from banks in reserve cities. .
32,584 05
43,073 82
39,224 87
Exchanges for clearing h o u s e ....
U. S. and N ational b ank currency.
14,559 00
9,456 00
14,598 00
13,016 00
14,460 00
Gold c o in ...........................................
11,339 75
12,597 25
11,252 25
11,832 25
11,224 75
Silver c o in .......................................
1,217 00
1,726 35
1,135 95
1,937 25
1,271 95
166 67
298 30
.219 93
191 56
85 09
1,665 90
520 41
336 06
916 37
917 09
$400,877 80
$421,080 94
$412,211 73
$416,644 50
$445,518 95
$30,000 00
$30,000 00
$30,000 00
$30,000 00
$30,000 00
10,000 00
12,000 00
12,000 00
12,000 00
14,000 00
7,192 47
3,560 08
6,711 76
8,174 72
5,266 52
78,265 97
100,602 10
91,012 20
92,562 95
100,576 68
Nickels and c e n ts..............................
Checks and cash ite m s..................
T o tals...........................
Liabilities.
Capital stock paid in .......................
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
35 00
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits..............................
128,369 06
126,277 56
128,669 02
129,265 37
140,288 84
Savings certificates of d ep o sit. . . .
147,050 30
148,641 20
143,818 75
144,641 46
155,351 91
$400,877 80
$421,080 94
$412,211 73
$416,644 50
$445,518 95
Notes and bills re d isco u n ted .........
Bills p a y a b le .......................................
T o ta ls............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
157
No. 308.
THE GRAND LEDGE STATE BANK, GRAND LEDGE.
Organized May 2, 1905.
W. R. C l a r k e , P r e s id e n t ; A. B. S c h u m a k e r , A. R. G i l l i e s , V ic e P r e s id e n t s ;
J e s s e H. S m i t h , C a s h ie r ; A. T. S l a g h t , A. R. G i l l i e s , A u d i t o r s .
D i r e c t o r s .— W. R. Clarke, A. B. Schum aker, A rthur T. Slaght, Dudley E. W aters,JDanford Shadduck,
A. R. Gillies, Adelbert Keefer, F. A. Taber, W. R. Granger.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept 1, ’09.
Loans and discounts.........................
$73,702 87
$68,364 67
$81,470 86
$76,320 85
$79,067 80
Bonds, m ortgages and securities...
63,398 97
62,657 77
64,029 49
74,334 24
79,143 37
3,676 81
2,531 09
760 58
1,191 88
984 21
1,432 84
1,463 79
1,463 79
Prem ium s paid on b o n d s.................
O verdrafts..................... .......................
Expenses, interest and taxes p a id .
57 53
Banking house....................................
F urniture and fixtures.....................
1,432 84
1,432 84
Other real e state................................
Due from other banks and bankers
(not reserve citie s).......................
Item s in tra n sit..................................
1,795 11
123 79
U nited States bonds.........................
Due from banks in reserve cities..
14,810 57
13,065 38
18,079 81
17,175 22
44,312 72
Exchanges for clearing h o u se. . . .
509 39
284 26
1,688 61
1,747 01
2,465 37
U. S. and N ational bank currency.
1,450 00
5,690 00
8,063 00
5,539 00
8,270 00
Gold c o in ..................: .........................
605 00
4,157 50
3,260 00
3,502 50
2,226 00
Silver c o in ...........................................
300 10
710 15
669 00
1,892 10
1,562 00
Nickels and c e n ts..............................
205' 97
194 27
126 73
113 29
149 57
T o tals............................................
$160,092 52
$160,940 57
$179,580 92
$183,279 88
$219,768 62
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
3,500 00
3,750 00
3,750 00
3,750 00
3,750 00
331 19
782 82
178 69
51,933 37
48,291 81
80,610 29
Checks and cash ite m s....................
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial ‘deposits subject to
ch eck .................................................
2,036 81
165 00
38,885 05
38,029 48
•
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s ehee.ks outstanding . .
Savings d ep o sits................................
12,196 65
12,416 34
13,322 69
15,143 21
15,155 70
Savings certificates of deposit. . . .
78,474 01
81,579 75
85,243 67
90,312 04
95,073 94
$160,092 52
$160,940 57
$179,580 92
$183,279 88
$219,768 62
Notes and bills rediscounted..........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
158
No. 389.
LOAN AND DEPOSIT BANK, GRAND LEDGE.
Organized February 29, 1908.
G e o . N. B e r r y , P r e s id e n t ; E. A. T u r n b u l l , V ic e P r e s id e n t ; E. M. B r i g g s , C a s h ie r ;
F . L . B e r r y , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— Geo. N. Berry, E. A. Turnbull, E. M. Briggs, F. L. Berry, Geo. H. Sheets, T. B. Robinson,
Cassius Alexander.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, 09.
Loans and discounts.........................
$116,981 71
$115,246 80
$118,351 05
$124,063 81
$103,060 98
Bonds, m ortgages and securities..
233,482 00
235,217 00
244,994 50
244,984 50
271,924 50
533 76
1,119 03
2,277 77
472 53
1,116 28
600 00
500 00
500 00
500 00
500 00
1,042 70
Prem ium s paid on b o n d s...............
O verdrafts............................................
Banking house....................................
F urniture and fixtures.....................
O ther real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit..................................
1,238 81
1,502 94
35 65
1,022 33
United States bonds.........................
100 00
100 00
100 00
100 00
100 00
Due from banks in reserve cities. .
67,455 30
63,633 48
75,286 09
78,150 39
53,638 75
Exchanges for clearing h o u se .........
U. S. and N ational bank currency.
17,942 00
16,871 00
9,200 00
12,105 00
16,961 00
Gold co in .............................................
11,135 00
8,730 00
10,065 00
9,700 00
6,720 00
Silver coin............................................
1,274 00
3,334 00
1,290 00
1,745 00
1,000 00
Nickels and c en ts..............................
300 05
350 26
200 50
237 29
172 97
Checks and cash ite m s....................
105 67
238 25
2,306 45
147 92
2,037 16
T o tals............................................
$451,148 30
$446,842 76
$464,607 01
$473,228 77
$458,274 34
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
10,000 00
11,000 00
11,000 00
11,000 00
11,000 00
3,981 89
744 23
2,674 46
3,171 17
5,021 99
Surplus fu n d ......................................
U ndivided profits, less current ex
penses, interest and taxes paid. .
32 00
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
80,970 25
81,859 98
81,554 72
91,141 44
74,042 99
Commercial certificates of d ep o sit.
137,363 02
90,074 28
59,954 11
45,968 74
18,861 12
Due to banks and b an k ers...............
•
Certified checks..................................
Cashier’s checks outstanding...........
Savings! d ep o sits................................
3,913 33
5,618 62
11,209 91
11,463 03
11,877 29
Savings certificates of deposit........
164,919 81
206,988 42
248,213 81
260,484 39
287,470 95
$464,607 01
$473,228 77
$458,274 34
525 23
Reserve for ta x e s................................
Notes and bills rediscounted...........
Rills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$451,148 30
$446,842 76
STATE BANKS OF MICHIGAN.
159
No. 316.
THE CITY TRUST & SAVINGS BANK OF GRAND RAPIDS, MICHIGAN.
Organized January 9, 1905.
J a m e s R . W y l i e , P r e s id e n t ; W . C. W i n c h e s t e r , L . J . R i n d g e , V ic e P r e s id e n t s ; M a h l o n A . S m i t h ,
A s s i s t a n t to th e P r e s id e n t ; E. C. J o h n 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 .—T. Stew art W hite, Constantine Morton, Francis Letellier, Lester J. Rindge, Philo C.
Fuller, W alter C. W inchester, David M. Amberg, Gaius W. Perkins, S. A. Morman, Jam es R. Wylie,
Joseph J. Tucker, Jam es D. Lacey, Charles Trankla, R. W. Irwin.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$261,295 45
$292,717 32
$261,492 16
$252,344 44
$290,782 46
Bonds, m ortgages and securities. .
179,531 58
207,339 58
221,050 40
227,848 40
238,601 30
315 83
607 24
1,252 18
617 45
855 76
1,500 00
1,500 00
1,500 00
1,500 00
1,000 00
1,724 24
50
371 54
424 85
1,618 41
70,216 02
prom in ms pa,id on b o n d s...............
O verdrafts............................................
Ranking’ bouse....................................
F u rn itu re and fixtures.....................
O ther real e state................................
Due from other banks and bankers
(not, reserve cities').......................
Item s in tra n sit.................................
U nited S tates bonds.........................
Due from banks in reserve cities. .
71,846 27
56,989 72
40,490 99
46,588 25
E xchanges for clearing h o u se .........
3,323 72
3,639 83
3,765 93
988 75
8,588 14
U. S. and N ational bank cu rren cy .
14,005 00
18,033 00
12,789 00
16,672 00
19,769 00
Onl d coi n .............................................
3,650 00
3,602 50
5,237 50
3,305 00
3,735 00
Silver coin............................................
1,781 45
2,819 80
3,001 65
2,214 35
1,302 00
Nickels and c e n ts..............................
230 05
487 33
153 89
492 59
544 92
T o tals............................................
8539,203 59
$587,736 82
$551,105 24
$552,996 08
$637,013 01
Liabilities.
Capital stock paid in .......................
$100,000 00
$100,000 00
$100,000 00
$100,000 00 * $100,000 00
20,000 00
20,000 00
20,000 00
20,000 00
20,000 00
20,408 50
23,658 12
25,797 05
25,668 39
27,103 85
82,567 10
88,883 37
75,526 97
80,844 62
167,708 95
128 75
15 00
1,075 00
235 00
15 00
Checks and cash item s . .
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
Dividends unpaid
Commercial deposits subject to
ch eck .................................................
Commercial certificates of dep o sit.
Due to banks and bankers
Certified checks..................................
Cashier’s checks outstanding
Savings d ep o sits................................
75,567 83
86,303 77
79,063 17
81,618 59
79,588 94
Savings certificates of deposit........
240,531 41
268,876 56
249,643 05
244,629 48
242,596 27
$539,203 59
$587,736 82
$551,105.24
$552,996 08
$637,013 01
Notes and bids rediscounted
Bills payable
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
160
STATE BANKING DEPARTMENT,
No. 276.
COMMERCIAL-SAVINGS BANK OF GRAND RAPIDS.
Organized April 28, 1903.
R o b e r t D. G r a h a m , P r e s id e n t ; C h a r l e s B . K e l s e y , V ic e P r e s id e n t ;
C . L. R oss, H. N. M o r r i l l , 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 .— S. M. Lemon, R. D. Graham, C. B. Kelsey, H untley Russell, Moses Taggart, Charles F.
Young, Fred M. Deane, W. H. Gay, W. M. W urzburg, W. H. Anderson, H ubert Weide, Daniel
Lynch, Thomas W. Strahan, Thos. F. Carroll, Christian Bertsch, Christian Gallmeyer, John W.
Goodspeed, F. A. Baldwin, G. J. Vinkem ulder, Louis C. Braudy, Amos Mussellman.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts......................... 11,109,115 67 $1,023,025 68 $1,039,841 91 $1,023,073 29
Bonds, m ortgages and securities..
533,467 30
624,172 15
690,560 00
Prem ium s paid on b o n d s...............
2,000 00
2,000 00
2,000 00
723,015 00
$1,035,123 32
708,788 37
O verdrafts............................................
1,686 02
886 06
1,703 46
3,088 80
1,475 03
Banking house....................................
25,000 00
60,000 00
60,000 00
60,000 00
60,000 00
F u rn itu re and fixtures.....................
7,000 00
7,000 00
7,000 00
7,000 00
7,000 00
Other real estate ...............................
Due from other banks and bankers
(not reserve cities).......................
14,600 00
21,498 70
21,098 70
21,098 70
20,881 20
5,541 08
5,541 08
4,063 46
4,063 46
2,216 44
Item s in tra n sit.................................
12,196 29
46,833 99
16,285 78
10,180 79
14,311 99
100 000 00
500 00
Due from banks in reserve cities..
157,647 11
220,799 68
122,307 58
180,625 92
Exchanges for clearing h o u s e .. . . .
23,801 63
20,591 58
24,997 02
24,606 37
19,339 09
U. S. and N ational bank cu rre n cy .
70,694 00
87,598 00
98,064 00
91,172 00
103,175 00
U nited States bonds.........................
103,766 70
Gold c o in .............................................
14,848 00
15,135 00
23,231 00
7,680 00
17,777 80
Silver coin............................................
10,567 00
12,932 00
8,559 00
15,736 05
11,312 15
Nickels and c e n ts..............................
1,241 67
1,596 61
1,032 75
1,417 95
1,697 09
Checks and cash ite m s...................
2,501 25
1,451 09
1,959 06
1,913 04
11,683 20
$1,991,907 02 $2,151,061 62 $2,222,703 72 $2,175,171 37
$2,118,547 38
T o tals..........................................
Liabilities.
Capital stock paid in .......................
$200,000 00
$200,000 00
$200,000 00
$200,000 00
$200,000 00
20,000 00
22,000 00
22,000 00
22,000 00
24,000 00
19,775 09
11,682 22
15,739 72
7,803 66
11,304 86
38 00
204 00
42 00
66 00
435,835 16
560,019 47
618,847 13
585,794 79
460,751 67
Due to banks and b an k ers...............
35,804 69
38,795 94
34,656 73
50,573 60
50,418 92
Certified checks................................
6,453 60
3,003 60
15,544 60
9,386 30
2,548 70
Savings d ep o sits................................
523,764 01
528,639 01
539,685 38
558,538 84
554,964 20
Savings certificates of dep o sit........
750,274 47
786,883 38
756,026 16
731,032 18
804,493 03
20,000 00
10,000 00
10,000 00
T o tals............................................ $1,991,907 02 $2,151,061 62 $2,222,703 72 $2,175,171 37
$2,118,547 38
Surplus fu n d .......................................
Undivided profits, less current expenses, interest and taxes p a i d ..
Dividends u n p a id ..............................
Commercial 'deposits subject to
ch eck .............................................
Commercial certificates of d ep o sit.
Cashier’s checks o u tstanding...........
S tate m onies on d ep o sit...................
Notes and bills rediscounted...........
Bills p a y a b le .......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
161
No 61.
THE GRAND RAPIDS SAYINGS BANK, GRAND RAPIDS.
Organized May 1, 1872.
Corporate existence extended April 29, 1902.
C h a r l e s W . G a r f i e l d , P r e s id e n t ; O r s o n A . B a l l , V ic e P r e s id e n t ; F r a n k S. C o l e m a n , C a s h i e r ;
D a n a B. S h e d d , A s s i s t a n t to P r e s id e n t ; A r t h u r M. G o o d w i 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 .— Charles W. Garfield, George M. Edison, Aaron Brewer, N. Fred Avery, Orson A. Ball,
Roger W. Butterfield, F rank E. Leonard, F rank Jewell, William H. Gilbert, L ester j ‘. Ringde, William
Alden Sm ith, Geo. G. W hitworth.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$937,045 19
$951,679 29
$960,233 96
$967,000 08
$971,758 30
Bonds, m ortgages and securities...
1,032,304 65
1,069,690 15
1,104,940 15
1,131,919 73
1,171,222 25
1,093 62
1,385 19
2,708 98
2,452 11
7,951 50
9,120 99
9,620 99
9,695 99
500 00
500 00
500 00
Prem ium s paid on b o n d s.................
212 50
O verdrafts............................................
1,931 52
Banking house....................................
F u rn itu re and fixtures.....................
O ther real estate...............................
Due from other banks and bankers
(not reserve cities).......................
10 00
Item s in tra n sit.................................
200 00
United S tates bonds.........................
Due from banks in reserve cities. .
282,861 62
219,110 52
215,850 25
205,998 04
Exchanges for clearing «house. . . .
10,563 27
13,019 44
26,919 81
9,131 15
10,335 49
U. S. and N ational bank currency.
64,773 00
62,106 00
61,292 00
48,724 00
59,940 25
205,776 99
Gold c o in .............................................
39,187 50
41,427 50
42,877 50
48,422 50
41,212 90
Silver co in ...........................................
3,669 10
6,075 45
7,890 10
5,771 75
6,099 00
Nickels and c e n ts..............................
717 92
969 95
1,062 47
876 53
739 47
Checks and cash ite m s....................
1,420 63
456 52
417 81
372 72
243 75
T o tals............................................ #2,374,686 90 $2,373,589 94 $2,432,490 23 $2,431,046 47
$2,480,176 50
Liabilities.
C apital stock paid in .......................
$150,000 00
$150,000 00
$150,000 00
$150,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
30,000 00
75,000 00
75,000 00
75,000 00
75,000 00
82,255 34
31,854 02
41,419 82
48,089 11
44,779 43
Bond Prem ium s C redit...................
2,145 60
1,610 35
1,599 10
2,036 60
281,679 77
244,045 91
299,489 24
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
$150,000 00
4 00
306,457 86
278,762 09
9,247 20
13,259 15
5,525167
793 89
743 89
1,473 30
1,174 09
1,023 88
Savings d ep o sits................................
1,068,475 23
1,089,745 14
1,110,764 29
1,127,173 79
1,147,349 62
Savings certificates of dep o sit. . . .
734,558 98
745,870 45
761,306 75
755,267 82
742,008 66
15,000 00
15,000 00
T o tals............................................ $2,374,686 90 $2,373,589 94 $2,432,490 23 $2,431,046 47
$2,480,176 50
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified c h e c k s .................................
Cashier’s checks o u tstan d in g ...........
S tate monies on d eposit...................
Notes and bills rediscounted........
Bills p a y a b le .......................................
21
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
162
STATE BANKING DEPARTMENT.
No. 402.
THE KENT STATE BANK, GRAND RAPIDS.
Organized May 14, 1908.
H f n r y I d e m a , P r e s id e n t ; J o h n A. C o v o d e , V ic e P r e s i d e n t : J. A. S. V e r d i e r , C a s h ie r ; A. H. B r a n d t ,
G e r a l d M c C o y , A s s i s t a n t C a s h ie r s ; C. B a a r m a n , A u d ito r .
D i r e c t o r s .— L. H. W ithey, Edw ard Lowe, T. Stew art W hite, H enry Idem a, A. W. Hompe, E, H.
Foote, John A. Covode, B. S. H anchett, William H. Jones, M. S. Keeler, J. A. S. Verdier.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts......................... «2,744,575 05 $2,767,790 38 $2,796,447 66 $2,783,466 87
Bonds, m ortgages and se c u ritie s... 2,142,591 05
$2,763,047 27
2,242,527 21
2,279,627 96
2,358,730 76
2,441,092 21
2,290 80
Prem ium s paid on b o n d s.................
1,000 00
1,000 00
1,000 00
2,290 80
O verdrafts.............................................
1,510 99
1,811 78
3,173 72
2,884 41
1,642 51
Banking house....................................
49,000 00
49,000 00
49,000 00
49,000 00
60,000 00
F u rn itu re and fixtures.....................
29,500 00
29,500 00
29,500 00
29,500 00
18,500 00
Item s in tra n sit.................................
14,759 40
8,489 63
10,532 48
12,559 73
10,475 82
U nited S tates bonds.........................
600 00
600 00
639,590 27
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
Due from banks in reserve c itie s ..
583,579 22
496,914 13
710,876 12
513,901 32
Exchanges for clearing h o u se. . . .
62,759 12
54,565 17
41,221 65
43,099 88
69,291 07
U. S. and N ational bank currency.
186,962 00
177,082 00
158,015 00
143,385 00
163,794 00
Gold c o in .............................................
142,525 00
135,695 00
130,252 50
135,515 00
134,675 00
Silver co in ...........................................
14,860 20
16,285 82
19,061 15
16,554 30
14,359 00
Nickels and c e n ts..............................
1,407 58
2,864 18
2,294 47
1,646 47
2,522 28
Checks and cash ite m s....................
4,174 33
2,977 75
31,474 91
23,548 77
33,444 99
T o tals............................................ «5,979,803 94 «5,987,103 05 $6,262,477 62 $6,116,083 31
$6,354,725 22
Liabilities.
Capital stock paid in .......................
$500,000 00
«500,000 00
$500,000 00
«500,000 00
$500,000 00
Surplus fu n d ........................................
U ndivided profits, less current expenses, interest and taxes p a id . .
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
81,532 92
56,435 57
81,964 74
74,354 47
79,541 03
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
54 00
266 00
652 00
38 00
56 00
833,273 87
790,045 57
911,654 81
790,875 16
841,346 40
Commercial certificates of d ep o sit.
11,372 27
15,074 27
28,435 35
48,057 43
141,072 30
Due to banks and b an k ers...............
91,166 16
94,801 50
118,239 25
108,864 02
183,343 75
Certified checks..................................
804 80
951 38
14,421 17
3,527 17
75 00
63 50
Cashier’s checks o u tstan d in g ...........
519 88
1 000 00
Savings d ep o sits.................................
2,498,663 76
2,513,696 03
2,542,979 66
2,543,570 91
2,565,497 79
Savings certificates of d ep o sit. . . .
1,862,936 16
1,915,757 73
1,924,067 14
1,926,796 15
1,922,348 07
40,000 00
20,000 00
20,000 00
T o tals............................................ $5,979,803 94 «5,987,103 05 $6,262,477 62 $6,116,083 31
«6,354,735 22
S tate monies on d ep o sit...................
Notes and bills red isco unted........
Bills p a y a b le .......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
163
No. 108.
PEOPLE’S SAVINGS BANK OF GRAND RAPIDS-.
9
.
Organized December 23, 1890.
® !>
T h o m a s H e f f e r a n , P r e s id e n t ; W m . A l d e n S m i t h , S a m u e l M. L e m o n , V ic e P r e s id e n t s ;
E u g e n e D . C o n g e r , C a s h ie r ; T . W m . H e f f e r a 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 .— Thomas Hefferan, Wm. Alden Smith, John M urray, Wm. H
Anderson Wm H Gay
Reuben Bloomer, Sam uelM . Lemon, John W. Blodgett, Alfred D. Rathbone, Eugene D Conger’
J. Boyd P antlind, Christian Bertsch, Amos S. Musselman, John T. Byrne, Wm. Logie
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, '08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$466,870 88
$435,077 65
$501,904 49
$460,660 70
$460,558 78
Bonds, m ortgages and securities...
1,201,874 92
1,207,260 92
1,212,091 56
1,252,289 56
1,275,239 56
Prem ium s paid on b o n d s.................
494 50
40 00
O verdrafts............................................
314 37
366 66
1,143 02
473 72
554 80
Banking house....................................
35,000 00
35,000 00
35,000 00
35,000 00
35,000 00
1,163 01
1,542 12
F urniture and fixtures.....................
Other real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
16,862 22
13,478 02
3,213 90
2,074 70
3,590 55
211,175 41
United States bonds.........................
Due from banks in reserve cities. .
199,391 62
220,623 60
177,912 28
176,163 42
Exchanges for clearing house. . . .
4,795 32
4,981 53
21,325 01
6,945 50
7,886 78
U. S. and N ational bank cu rren cy .
49,947 00
50,689 25
51,570 00
42,952 00
54,316 00
Gold c o in ..................................
41,870 50
41,605 50
46,163 00
44,503 00
43,950 00
Silver c o in ...........................................
1,088 90
1,255 70
1,284 70
1,888 30
863 95
Nickels and c e n ts..............................
158 02
166 21
164 04
250 36
280 10
Checks and cash ite m s ...................
308 77
929 15
140 01
514 16
3,166 16
T o tals............................................ $2,018,977 02 $2,011,474 19 $2,053,075 02 «2,025,257 54
$2,096,582 09
Liabilities.
Capital stock paid in .......................
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
$100,000 00
$100,000 00
$100,000 00
$100,000 09
$100,000 00
50,000 00
50,000 00
50.000 00
50.000 00
50.000 00
31,753 50
27,674 56
34,513 20
28,648 85
33,597 28
2,619 00
2,619 00
2,781 00
Prem ium acco u n t...............................
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
15 00
27 50
75 00
50 00
25 00
264,722 73
270,949 88
257,970 71
226,677 11
225,788 44
Commercial certificates of dep o sit.
1,000 00
1,000 00
1,000 00
1,000 00
32.000 00
Due to banks and b an k ers...............
8,202 81
5,641 47
4,626 32
7,909 90
8,106 16
Certified checks..................................
22 50
22 50
522 50
1,553 50
115 75
Cashier’s checks o u tstan d in g ...........
749 15
1,708 24
1,910 00
2,475 40
2,147 85
Savings d ep o sits................................
653,834 64
670,599 43
681,459 56
670,212 73
675,760 38
Savings certificates of dep o sit. . . .
908,676 69
882,850 61
893,378 73
919,111 05
951,260 23
25.000 00
15.000 00
15.000 00
T o tals............................................ $2,018,977 02 $2,011,474 19 $2,053,075 02 $2,025,257 54
$2,096,582 09
S tate monies on d ep o sit.................
Notes and bills rediscounted..........
Bills p a y a b le .......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
164
STATE BANKING DEPARTMENT.
THE MICHIGAN TRUST COMPANY, GRAND RAPIDS.
Organized June 1, 1889.
L e w i s H . W i t h e y , P r e s id e n t ; W i l l a r d B a r n h a r t , F i r s t V ic e P r e s id e n t ; H e n r y I d e m a , S e c o n d V ic e
P r e s id e n t ; F r e d e r i c k A . G o r h a m , T h ir d V ic e P r e s id e n t ; G e o r g e H e f f e r a n , S e c r e t a r y ; C l a u d e
H a m i l t o n , A s s i s t a n t S e c r e ta r y .
D i r e c t o r s .— T. Stew art W hite, Lewis H. W ithey, H arvey J. Hollister, W illard B arnhart, Samuel
B. Jenks, H enry Idem a, Darwin D. Cody, F. A. Gorham, Thomas Hefferan, Dudley E W aters
E. Golden Filer, W. W. Cummer, Wm. Judson, Wm. Alden Smith, J. Boyd P antlind, E dw ard Lowe,
Thomas Hum e, W. W. Mitchell, William H. Gay, Jam es D. Lacey.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Collateral loans. T im e.....................
838,450 00
$38,075 00
$73,418 33
$73,406 63
D em and..............
Loans on real estate m ortgages:
In office........................................
106,743 83
103,258 83
101,699 43
90,500 53
96,418 60
136,644 68
141,464 80
147,324 48
145,260 48
165,373 48
W ith S tate T reasurer..............
113,500 00
113,375 00
113,375 00
113,375 00
105,375 00
241,150 00
289,450 00
219,000 00
366,175 00
443,580 00
27,551 61
21,301 61
21,301 61
21,301 61
22,066 61
$56,799 75
O ther loans..........................................
Bonds:
In office................................
W ith S tate T re a su re r... .
S to ck s....................................................
Real estate o w n ed............................
O ther investm ents.............................
Certificates of Deposits of other
B a n k s ................................................
77,590 00
71,000 00
121,525 00
145,525 00
145,525 00
Advances to tr u s ts ...........................
56,922 77
52,101 10
40,184 90
52,380 83
51,399 91
Safety deposit v a u lts.......................
9,500 00
8,500 00
8,500 00
8,500 00
8,500 00
F u rn itu re and fixtures.....................
1 00
1 00
1 00
1 00
1 00
Due from approved reserve a g e n ts.
348,786 66
400,110 39
588,935 60
379,934 52
393,505 63
Prem ium s p aid ...................................
Due from other banks and b a n k e rs.
43,530 47
85,423 99
408,284 24
30,030 49
38,714 90
Cash ite m s ...........................................
1,451 95
1,194 95
19,030 98
4,842 54
41,999 38
Nickels and c e n ts..............................
2 93
6 36
8 83
5 84
5 23
Silver coin............................................
63 15
238 55
139 20
207 50
66 50
Gold c o in .............................................
235 00
70 00
155 00
80 00
332 50
U. S. and N ational bank notes. . . .
6,813 00
5,810 00
5,352 00
6,036 00
5,543 00
T o tals............................................ $1,207,937 05 $1,331,381 58 $1,868,235 60 $1,437,562 97
$1,575,206 49
Liabilities.
Capital stock paid in .......................
$200,000 00
$200,000 00
$200,000 00
$200,000 00
$200,000 00
200,000 00
300,000 00
300,000 00
300,000 00
300,000 00
113,337 85
22,416 30
33,474 41
34,703 04
33,392 13
679,717 20
787,169 28
1,312,606 29
887;504 38
1,030,231 98
14,882 00
21,796 00
22,154 90
15,355 55
11,582 38
T o tals............................................ $1,207,937 05 $1,331,381 58 $1,868,235 60 $1,437,562 97
$1,575,206 49
Surplus f u n d .......................................
U ndivided profits (less expenses,
interest and takes p a id )...............
Dividends u n p a id ..............................
T ru st d ep o sits....................................
D eb en tu res...........................................
P rem iu m s.............................................
O ther liab ilities..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKS OF M ICHIGAN.
165
No. 359.
THE GRANDVILLE STATE BANK, GRANDVILLE.
Organized January 18, 1907.
D . M. J e n i s o n , P r e s id e n t ; R . A . C a l d w e l l , V ic e P r e s id e n t ; F. J . M c E l w e e , C a s h ie r .
D i r e c t o r s .— D . M. Jenison, A. T. Slaglit,
F. J. McElwee, R. A. Caldwell, H. C. W eatherwax,
Albert Altoft, Hiram M inderhout.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$22,868 65
$20,394 14
$26,851 08
$25,248 10
$29,688 12
Bonds, m ortgages and securities...
14,773 53
15,234 53
13,916 42
16,252 42
16,297 69
72 93
41 75
79 46
755 76
lianking house....................................
1,200 00
1,200 00
1,200 00
1,200 00
2,566 66
F u rn itu re and fixtures.....................
600 00
600 00
626 00
626 00
626 00
1,916 85
2,632 45
1,929 47
3,871 39
Prem ium s paid on b o n d s.................
O verdrafts............................................
Other real e state...............................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve c itie s ..
318 05
Exchanges for clearing house. . . .
292 10
U. S. and N ational bank currency.
1,609 00
905 00
Gold co in .............................................
610 00
Silver co in ...........................................
18 00
Nickels and c e n ts..............................
26 48
1 70
421 71
1,143 00
1,216 00
814 00
410 00
635 00
425 00
815 00
112 85
101 00
54 20
40 05
17 84
24 96
24 87
32 07
Checks and cash ite m s....................
477 30
1 20
23 41
159 78
T o tals............................................
$42,793 11
$40,864 14
$47,172 86
$47,080 63
$56,079 23
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
500 00
500 00
500 00
500 00
700 00
201 23
178 35
432 94
735 96
609 60
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
7,109 75
7,855 94
12,674 90
9,620 81
11,487 81
Savings d ep o sits..............................
5,815 88
3,255 90
3,174 31
4,286 21
7,763 54
Savings certificates of deposit. . . .
9,163 25
9,073 95
10,390 71
11,937 65
15,518 28
$42,793 11
$40,864 14
$47,172 86
$47,080 63
$56,079 23
Commercial certificates of dep o sit.
Due to banks and b an k ers...............
Certified checks................................
Cashier’s checks o u tstan d in g ..........
Notes and bills rediscounted........
Bills p a y a b le ......................................
T otals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
185
STA TE BAN KING D EPA R TM EN T.
No. 340.
THE GRANT STATE BANK, GRANT.
Organized February 28, 1906.
F r a n k W. S q u i e r , P r e s id e n t ; P. D r u m m o n d , V ic e P r e s id e n t ; H. M c K i n l e y , C a s h ie r ;
E m i e l K e m p f , 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 rank W. Squier, P. Drum m ond, H. McKinley, A. O. W hite, C. Gerber,
A. McKinley, Emiel Kempf.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$54,277 72
$53,944 62
$49,735 93
$51,791 30
$62,770.12
Bonds, m ortgages and securities...
42,962 50
44,737 50
45,042 50
45,382 50
45,587 50
Prem ium s paid on b o n d s.................
O verdrafts..........................................
132 03
28 31
136 66
293 88
322 §3
Banking house...........................
3,598 87
3,598 87
3,598 87
3,598 87
3,598 87
F urniture and fixtures.....................
2,486 81
2,486 81
2,486 81
2,486 81
2,486 81
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
1,000 00
2,500 00
U nited States bonds............. ...........
Due from banks in reserve cities. .
20,863 48
14,540 29
27,178 94
46,386 69
41,536 23
U. S. and National bank currency.
2,475 00
Gold c o in ...........................................
3,185 00
3,198 00
4,256 00
4,487 00
2,612 00
3,415 00
3,305 00
3,745 00
4,080 00
879 10
832 90
899 35
556 70
1,115 60
Nickels and c en ts............................
93 54
97 67
174 25
107 67
130 65
Checks and cash ite m s ...................
553 27
113 79
28 50
109 48
517 43
T o tals....................................
$131,512 32
$126,993 76
$137,842 81
$158,945 90
$167,258 04
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
Exchanges for clearing house. . . .
Silver co in .....................................
$20,000 00
$20,000 00
$20,000 00
Surplus fu n d .....................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
500 00
1,000 00
1,000 00
1,000 00
1,000 00
3,713 85
1,132 59
2,458 44
2,501 34
2,731 14
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck ........................................
25,947 21
24,177 05
31,015 70
40,530 16
47,010 31
Commercial certificates of d ep o sit.
884 75
884 75
884 75
695 00
675 00
Savings d ep o sits................................
11,551 06
22,219 52
23,798 76
28,128 89
28,220 15
Savings certificates of deposit. . . .
68,915 45
57,579 85
58,685 16
66,090 51
67,621 44
$158,945 90
.......... S .........
$167,258 04
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Notes and bills rediscounted........
-
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$131,512 32
$126,993 76
$137,842 81
167
STATE BANKS OP MICHIGAN.
No. 27.
THE FARMERS’ BANK OF GRASS LAKE, GRASS LAKE.
Organized April 24, 1883.
E . J. F o s t e r , P r e s id e n t ; M. W. D w e l l e , V ic e P r e s id e n t ; F . G. M e l l e n c a m p , C a s h ie r ;
H. J. K n i g h 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 .— E. J. Foster, M. W. Dwelle, E . W. Crafts, E. W. H obart, E . A. Croman, Orville Gorton,
H. J. K night, A. W. Dwelle, F. G. Mellencamp.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Lean«? and discounts.........................
$65,356 28
$61,928 75
$65,399 55
$63,901 89
$67,811 61
Bonds, m ortgages and securities. .
144,539 00
143,109 00
138,344 00
136,322 00
134,957 00
P ro m in m s paid on b o n d s...............
O verdrafts............................................
1,074 56
756 80
2,041 74
2,130 63
1,430 61
Ranking house....................................
3,300 00
3,300 00
3,300 00
3,300 00
3,300 00
600 00
600 00
600 00
600 00
600 00
29,311 04
29,820 29
31,598 27
35,974 20
27,563 81
F urniture and fixtures.....................
Other real e state...............................
Due from other banks and bankers
(not reserve pities).......................
Item s in t r a n s i t ................................
United S tates bonds.........................
Due from banks in reserve cities. .
Exchanges for plearing h o u se .........
U. S. and N ational bank currency.
13,778 00
12,755 00
10,781 00
8,251 00
14,391 00
Gold p o in .............................................
1,395 00
2,320 00
3,820 00
4,665 00
1,957 50
Silver poin............................................
650 50
972 60
1,027 45
960 55
1,507 35
Nickels and p en ts..............................
236 08
225 59
453 59
364 46
219 67
Checks and ca.sh ite m s....................
18 10
622 20
2 00
360 00
800 00
T o tals............................................
$260,258 56
$256,410 23
$257,367 60
$256,829 73
$254,538 55
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
13,000 00
14,000 00
14,000 00
14,000 00
15,000 00
3,610 76
2,545 91
3,281 30
4,179 22
2,550 42
180 00
15 00
15 00
45,597 05
47,514 81
43,239 86
43,562 47
18,833 07
20,557 10
19,417 59
- 21,107 64
21,048 51
141,612 41
152,413 85
148,965 40
144,028 42
$257,367 60
$256,829 73
$254,538 55
Surplus fu n d .......................................
U ndivided profits, less current ex
penses, interest and taxes p a id ..
Dividends unpaid
Commercial deposits subject to
check .................................................
46,911 20
Commercial certificates of deposit,
Due to banks and bankers
Cashier’s checks outstanding
Ravings d ep o sits................................
Savings certificates of deposit........
149,217 68
Notes and bills rediscounted
T otals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5,000 00
5,000 00
$260,258 56
$256,410 23
168
STATE BANKING DEPARTMENT.
No. 263.
COMMERCIAL STATE SAVINGS BANK, GREENVILLE.
Organized August 27, 1902.
F. E. R a n n e y ,
P r e s id e n t ;
D. K. B l a c k , C. M. M i l l e r ,
C. V. C o a t s , C a s h ie r .
V ic e P r e s id e n t s ;
D i r e c t o r s — F. E. R anney, D. K. Black, E. A. Kem p, C. M. Miller, R. F. Sprague, C. H. Wells
C. A. Miller.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09
Loans and discounts........................
$106,421 61
$107,717 28
$123,431 98
$125,246 86
' $152,416 26
Bonds, m ortgages and se c u ritie s...
118,570 80
116,315 42
114,744 95
115,912 00
108,885 00
1,036 30
948 33
1,378 07
749 59
720 99
3,331 05
3,250 00
3,262 70
3,262 70
3,262 70
8,812 40
11,180 81
13,240 82
10,957 85
1,231 14
27,684 74
28,982 90
38,195 67
73,077 25
47,117 66
U. S. and N ational b ank currency.
8,397 00
10,075 00
13,099 00
12,749 00
13,661 00
Gold co in .......................................
5,785 00
6,065 00
7,095 00
7,395 00
7,980 00
Silver c o in ..............................
2,000 00
2,400 00
1,700 00
1,400 00
3,248 00
Prem ium s paid on b o n ds.................
O verdrafts..........................................
Banking house....................................
F u rn itu re and fixtures.....................
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit..................................
U nited States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing house. . . .
Nickels and c e n ts.........................
Checks and cash ite m s..................
T o tals...........................
Liabilities.
Capital stock paid in .......................
Surplus fu n d ...................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ............................
Commercial ‘deposits subject to
ch eck ...........................................
152 64
166 24
127 84
186 68
170 87
1,104 04
2,119 55
465 76
161 01
631 93
$283,295 58
$289,220 53
$316,741 79
$351,097 94
$339,325 55
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
4,000 00
5,000 00
5,000 00
5,000 00
5,000 00
4,603 10
1,681 76
3,734 55
4,003 11
4,044 79
80,581 23
80,357 10
94,021 70
104,439 60
98,916 99
168,212 91
177,053 41
188,607 28
212,124 41
205,843 95
898 34
128 26
378 26
530 82
519 82
$283,295 58
$289,220 53
$316,741 79
$351,097 94
$339,325 55
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits............. : ................
Savings certificates of deposit. . . .
T ax reserve accounts.....................
Notes and bills rediscounted..........
Bills p a y a b le ............................
T o tals,» ..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BANKS OF MICHIGAN.
169
No. 188.
GREENVILLE STATE BANK, GREENVILLE.
Organized April 21, 1896.
W. D. J o h n s o n ,
P r e s id e n t;
F. S. G i b s o n ,
V ic e P r e s id e n t ;
W. H. B r o w n e ,
C a s h ie r .
D i r e c t o r s .— W. D. Johnson, F. S. Gibson, C. W. Johnson, E. R utan, W. H. Browne.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
«240,454 50
«236,361 67
«236,402 91
«220,930 15
«237,179 86
Bonds, mortgages and securities...
143,871 50
144,258 35
136,284 35_
141,485 18
145,532 18
2,291 15
1,367 58
2,968 23
196 00
356 57
14,835 32
19,964 65
24,747 45
7,851 42
2,351 00
66,605 76
61,312 04
54,858 46
99,931 08
73,719 86
Prem ium s paid on b o n d s.................
O verdrafts............................................
Banking house....................................
F urn itu re and fixtures.....................
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities..
Exchanges for clearing house. . . .
U. S. and National bank cu rren cy .
15,235 00
14,635 00
17,205 00
12,190 00
12,777 00
Gold c o in .............................................
12,665 00
12,565 00
12,595 00
12,410 00
12,522 50
Silver c o in ...........................................
1,054 75
1,235 25
1,504 75
1,042 75
1,230 82
Nickels and c e n ts..............................
314 55
426 76
342 70
365 17
342 35
Checks and cash ite m s...................
435 88
384 57
350 17
327 93
397 15
T otals............................................
$497,763 41
«492,510 87
«487,259 02
«496,729 68
$486,409 29
Liabilities.
Capital stock paid in .......................
«25,000 00
«25,000 00
«25,000 00
«25,000 00
«25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
17,526 84
13,029 57
15,375 51
15,238 75
16,860 96
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
200 00
95,212 34
107,114 51
110,829 33
106,073 97
97,598 82
335,024 23
322,166 79
311,054 18
320,416 96
316,949 51
5,000 00
5,000 00
«496,729 68
«486,409 29
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
Savings certificates of deposit. . . .
S tate monies on d eposit...................
Notes and bills rediscounted..........
Bills p a y a b le ......................................
T o tals............................................
22
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
«497,763 41
«492,510 87
$487,259 02
170
STA TE BAN KING D EPA R TM EN T.
No. 410.
THE GWINN STATE SAVINGS BANK, GWINN.
Organized September 29, 1908.
W m . G. M a t h e r , P r e s id e n t ; W. F. H o p k i n s , V ic e P r e s id e n t ; H. H. M c M i l l a n , C a s h ie r .
D i r e c t o r s .— Wm. G. Mather, W. F. Hopkins, M. M. Duncan, C. V. R. Townsend, G. R. Jackson.
Resources.
Loans and discounts.......................
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09 June 23, ’C9 Sept. 1, ’09.
825,732 00
$43,143 72
$39,145 83
$43,234 69
17,543 94
22,794 47
21,579 01
24,434 06
25 05
163 46
1,249 84
1,323 18
1,586 74
1,444 99
1,359 42
2,264 33
3,407 33
3,407 33
3,407 33
3,407 33
696 76
3,622 49
2,842 75
1,124 62
906 83
24,358 95
8,853 37
5,392 23
13,116 85
6,013 58
3,830 01
Bonds, m ortgages and securities..
Prem ium s paid on bonds...............
Overdrafts. . .....................................
Expenses, interest and taxes paid
Banking house..................................
F urniture and fixtures...................
Other real estate .........................
Due from other banks and bankers
(not reserve cities).................
Item s in tra n sit...............................
309 57
1,052 21
United S tates bonds.......................
Due from banks in reserve cities.
Exchanges for clearing house. . .
U. S. and N ational bank currency
17,045 00
2,367 00
5,002 00
8,979 00
5,113 00
Gold c o in ...........................................
1,125 00
1,077 50
782 50
1,082 50
1,292 50
Silver co in .........................................
1,392 60
1,038 10
319 10
192 35
925 00
Nickels and c e n ts............................
248 23
215 39
168 56
150 03
253 48
Checks and cash ite m s..................
168 19
81 72
2,101 93
69 23
96 89
1,524 90
2,764 15
,302 17
2,814 66
7,655 19
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
2,500 00
2,500 00
2,500 00
- 2,500 00
2,500 00
22,825 28
21,461 51
36,262 14
35,792 39
28,173 04
Due to banks and b an k ers...............
233 53
56 67
44 70
68 43
Certified checks..................................
300 00
Totals.
Liabilities.
Capital stock paid in.
Surplus
fu n d ................
rP
Undivided profits, less current ex
penses, interest and taxes paid
Dividends u n p a id ..........................
Commercial deposits subject to
ch eck .............................................
Commercial certificates of deposit
1 00
Cashier’s checks o u tstan d in g ..........
Savings d ep o sits................................
Savings certificates of deposit
3,834 62
11,829 21
20,335 36
25,242 60
365 00
1,334 90
1,833 00
1,333 00
1,855 00
105 00
315 00
400 97
2,500 00
2,500 00
725 97
$92,814 66
$87,655 19
Reserved for interest and taxes. . . .
State monies on d ep o sit.................
26,832 75
Notes and bills rediscounted..........
Bills p a y a b le .......................................
Totals
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
154,524 90
2,764 15
3,302 17
171
STATE BANKS OF MICHIGAN.
No. 435.
*THE HAMTRAMCK STATE BANK, HAMTRAMCK.
Organized February 4, 1909.
D a v id W . S i m o n s , P r e s id e n t ; G e o . H . K i r c h n e r , V ic e P r e s id e n t ; W o l e K
a p l a n , C a s h ie r .
D i r e c t o r s .— David W. Simons, Edwin A. Burch, P aul R . Gray, Wolf K aplan, William Blanck,
George H. K irchner, Harlow P. Davock.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Imans and discounts.........................
Bonds, m ortgages and se cu rities...
Prem ium s paid on b o n d s.................
O verdrafts............................................
Banking house....................................
$3,847 67
F urniture and fixtures...................
Expenses, interest and taxes paid
1,100 00
'
11 66
Other real estate.............................
Due from other banks and bankers
(not reserve cities)...................
Item s in tra n sit...............................
United S tates bonds.......................
Due from banks in reserve cities.
19,340 67
Exchanges for clearing house. . .
U. S. and National bank currency
Gold c o in ...........................................
Silver co in .........................................
Nickels and c e n ts............................
Checks and cash ite m s ............... ..
Totals.
Liabilities.
Capital stock paid i n . .
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
4,300 00
20,250 00
4,050 00
Dividends u n p a id ........................
Commercial deposits subject to
ch eck ...........................................
Commercial certificates of deposit
Due to banks and b an k ers.............
Certified checks................................
Cashier’s checks o u tstan d in g ........
Savings d ep o sits..............................
Savings certificates of deposit. . .
Notes and bills rediscounted.......
Bills p a y a b le .....................................
Totals.
*Certificate of A uthority to commence business dated August 2, 1909.
4, 1909.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$24,300 00
Opened for business October
172
STATE BANKING DEPARTMENT.
THE SUPERIOR TRUST COMPANY, HANCOCK.
Organized July 21, 1902.
C. A. W r i g h t , P r e s id e n t ; J a c o b B a e r , V ic e P r e s id e n t ;
M. C. G e t c h e l l , S e c r e t a r y a n d T r e a s u r e r .
D i r e c t o r s .— Chas. A. W right, George R uppe, Jam es Chynoweth, Jacob Baer, Charles Briggs Alien
F. Rees, Lessing K arger, John D. Cuddihy, Ferdinand W ieber, Jam es Mercer, Thomas W hittle
Henry L. Baer, Swaby L. Lawton, Louis H. Richardson. Joseph Bosch, Norm an W. H aire Charles L ’
Lawton, Gordon R. Campbell.
Resources.
Collateral loans. T im e................ .
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09 June 23, ’09 Sept. 1, ’09.
$91,643 06
$80,693 83
$73,748 90
$72,205 74
64,552 80
83,427 80
124,407 51
131,811 51
163,970 12
76,343 64
75,543 64
77,593 64
77,283 64
" 75,703 64
342 73
342 73
342 73
342 73
342 73
1,776 22
21,436 25
9,622 60
7,591 54
415 04
T o tals............................................
$234,658 45
$261,444 25
$285,715 38
$289,235 16
$311,938 77
liab ilities.
Capital stock paid in .......................
$150,000 00
$150,000 00
$150,000 00
$150,000 00
$150,000 00
50,000 00
50.000 00
50.000 00
50.000 00
50.000 00
33,100 45
29,466 25
32,596 55
35,271 45
33,604 23
D em and..............
Loans on real estate m ortgages:
In office........................................
W ith S tate T reasurer..............
$71,507 24
O ther loans..........................................
Bonds:
In office................................
W ith S tate T re a su re r.. . .
S to ck s....................................................
Real estate ow ned............................
Other in vestm ents........................... ..
Advances to tr u s ts ...........................
Prem ium s p aid ...................................
Safety deposit v a u lts.......................
F u rn itu re and fixtures.....................
Due from approved reserve agents .
Due from other banks and bankers .
Cash ite m s ...........................................
Nickels and c e n ts..............................
Silver coin............................................
Gold c o in .............................................
TJ. S. and N ational b ank notes. . . .
Surplus f u n d .......................................
U ndivided profits (less expenses,
interest and taxes p a id )...............
Dividends u n p a id ..............................
258 00
578 00
294 00
270 00
390 00
T rust d ep o sits....................................
1,300 00
1,300 00
4,924 83
4,993 71
3,444 54
29,500 00
D eb en tu res...........................................
100 00
2,900 00
3,700 00
O ther liab ilities..................................
30.000 00
45.000 00
45.000 00
45.000 00
$261,444 25
$285,715 38
$289,235 16
$311,938 77
T o ta ls............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$234,658 45
STATE BANKS OF MICHIGAN.
173
No. 254.
HURON COUNTY SAVINGS BANK, HARBOR BEACH.
Organized January 15, 1902.
M. D. W a g n e r ,
P r e s id e n t ; J. L. B r e n n a n , V ic e P r e s id e n t ; W. B a b c o c k , C a s h ie r ;
A s s i s t a n t C a s h ie r ; J o h n R y a n , A . E . S l e e p e r , A u d ito r s .
W. J. E n g l e ,
D i r e c t o r s .— M. D. Wagner, A lbert E. Sleeper, J. A. Templeton. J. L. Brennan, B. F. Browne, H. D .
Ferris, W. Babcock.
Resources.
Loans and discounts..................
Bonds, m ortgages and se cu rities...
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09 June 23, ’09. Sept. 1, ’09.
$101,486 57
$100,428 41
$89,225 04
$99,037 02
$87,285 51
112,038 00
111,981 00
118,765 00
122,756 00
121,721 00
Prem ium s paid on b o n d s...........
O verdrafts......................................
744 82
991 41
360 37
1,698 66
1,595 68
Banking house..............................
4,500 00
4,500 00
4,500 00
4,500 00
4,500 00
F urniture and fixtures...............
2,000 00
2,000 00
2,000 00
2,000 00
2,000 00
2,970 00
1,897 05
2,160 00
1,475 00
557 62
31,881 62
28,525 24
17,794 27
23,198 88
O ther real estate.......................
Due from other banks and bankers
(not reserve cities)...................
Item s in tra n sit.................................
United S tates bonds.........................
Due from banks in reserve c itie s ..
31,869 60
Exchanges for clearing h o u s e .. ..
1,605 31
U. S. and N ational b ank c u rre n cy .
13,541 00
9,624 00
8,726 00
8,436 00
7,185 00
2,000 00
75 58
256 97
Gold co in .............................................
2,000 00
2,065 00
2,080 00
2,000 00
Silver co in ...........................................
489 55
604 90
798 15
726 45
408 55
Nickels and c e n ts..............................
66 11
111 92
20 39
98 68
• 53 55
$273,310 96
3,352 60
$257,235 77
1,716 71
$250,762 76
Checks and cash ite m s...................
Totals.
Liabilities.
C apital stock paid in.
surplus
tu n a ......................................
Surplus fund
Undivided profits, less current ex
penses, interest and taxes p a id .
Dividends u n p a id ..........................
Commercial deposits subject to
ch eck .............................................
194 63
267 29
000 00
$30,000 00
$30,000 00
$30,000 00
$30,000 00
000 00
6,000 00
6,000 00
6,000 00
6,000 00
173 80
732 02
5,459 50
6,462 22
4,770 42
43 375 04
42,380 94
37,210 37
42,680 99
32,577 89
Commercial certificates of deposit
Due to banks and b an k ers...............
Certified checks................................ .
Cashier’s checks o u tstan d in g ..........
Savings d ep o sits............................
Savings certificates of deposit
73 771 85
77,944 46
72,735 83
71,450 93
77,356 15
114 990 27
109,295 18
105,830 07
104,122 57
100,058 30
$273,310 96
$266,352 60
$257,235 77
1,716 71
$250,762 76
Notes and bills rediscounted..........
Bills p a y a b le .......................................
Totals.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
174
STA TE BAN KING D EPA R TM EN T.
No. 412.
THE STATE BANK OF HARBOR BEACH, HARBOR BEACH, MICHIGAN.
Organized October 8, 1908.
J a m e s L i v i n g s t o n , P r e s id e n t ; Jos. J. L e s z c z y n s k i , V ic e P r e s id e n t ; H e n b y B i n k l e , C a s h ie r .
D ir e c t o k s .— Jam es Livingston, Henry Binkle, Jam es McColl, Joseph J. Leszczynski, Philip Binkle,
Robinson Wellock, Philip L. Graham.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, '09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$20,683 75
$41,552 25
$53,937 05
$62,854 96
$71,254 84
Bonds, m ortgages and se c u ritie s...
775 00
5,000 00
3,475 00
6,195 00
4,225 00
34 38
321 67
97 91
365 07
3,348 20
4,266 58
4,305 08
4,364 28
4,364 28
Prem ium s paid on b o n d s.................
O verdrafts............................................
Banking house....................................
F urniture and fixtures.....................
975 50
1,641 21
1,641 21
1,711 21
1,711 21
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
3,100 00
3,100 00
3,100 00
3,100 00
3,100 00
2,339 76
3,903 39
6,993 45
5,420 49
• 3,014 00
3,335 00
2,241 00
3,817 00
Item s in tra n sit.................................
United S tates bonds.........................
Due from banks in reserve cities..
2', 659 64
Exchanges for clearing house. . . .
154 76
U. S. and N ational bank currency.
3,827 00
600 00
Gold c o in .............................................
Silver c o in ...........................................
182 20
Nickels and c e n ts..............................
22 82
Checks and cash ite m s....................
154 75
58 25
675 00
625 00
503 15
390 85
131 37
22 73
26 91
97 20
108 22
984 74
397 86
474 28
T o ta ls............................................
$35,728 87
$61,833 88
$75,088 30
$89,231 02
$95,879 39
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
741 47
1,733 07
2,157 91
2,432 31
2,440 63
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
2,176 90
5,499 12
6,153 49
6,795 73
13,347 38
Savings d ep o sits................................
2,153 50
10,393 55
17,694 51
23,640 98
25,117 45
Savings certificates of d ep o sit. . . .
5,657 00
19,208 14
20,082 39
27,362 00
29,973 93
4,000 00
4,000 00
$35,728 87
$61,833 88
$75.088 30
$89.231 02
Commercial certificates of d e p o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstanding’...........
Notes and bills rediscounted.........
Rills p a y a b le . . .
.........................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$95,879 39
STATE BANKS OF MICHIGAN.
175
No. 326.
THE EMMET COUNTY STATE BANK, HARBOR SPRINGS.
Organized November 1, 1905.
W. J. C l a r k e -
P r e s id e n t ;
E. G. C a r e y , M. J. E r w i n ,
V ic e P r e s id e n t s ;
J. T. C l a r k e ,
C a s h ie r .
D i r e c t o r s .— W. J. Clarke, R. F. Lemon, M. J. Erwin, E. G. Carey, J. T. Clarke.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$104,045 14
$91,733 74
$82,978 21
$78,410 23
$114,162 53
Bonds, m ortgages and securities..
37,946 49
42,206 49
54,748 12
61,762 01
66,145 42
213 15
35 63
18 58
102 93
137 68
3,296 69
3,296 69
3,296 69
3,296 69
3,296 69
70,380 55
70,895 04
54,290 04
47,742 80
79,517 64
U. S. and N ational bank c u rre n cy .
8,371 00
10,615 00
8,034 00
9,695 00
10,726 00
Gold c o in .............................................
2,980 00
3,340 00
3,505 00
1,820 00
2,190 00
Silver coin............................................
2,290 15
1,364 70
1,434 95
1,546 00
1,721 40
Nickels and c e n ts..............................
481 03
464 29
548 12
507 22
140 34
Checks and cash ite m s ....................
433 37
1 50
T o tals............................................
$230,437 57
$223,953 08
$208,853 71
$204,923 35
$278,037 70
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
7,404 00
4,028 05
6,244 47
7,038 45
7,885 82
1,736 00
1,736 00
94,477 91
95,554 44
82,502 39
88,992 58
142,606 55
808 57
1,271 58
966 03
2,403 61
Savings d ep o sits................................
14,640 32
14,493 54
15,021 34
14,701 86
19,362 36
Savings certificates of dep o sit........
83,915 34
77,332 48
72,077 93
63,224 43
75,779 36
$230,437 57
$223,953 08
$208,853 71
•.
$204,923 35
$278,037 70
Prem ium s paid on b o n d s...............
O verdrafts............................................
Banking house....................................
F urniture and fixtures.....................
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
United States b o n d s . . . . .................
Due from banks in reserve cities. .
Exchanges for clearing h o u se .........
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes paid. .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
40 47
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstanding...........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
176
No. 355.
THE STATE SAVINGS BANK OF HARRISON.
Organized December 8, 1906.
L e m u e l S a v i e r s , P r e s id e n t : W . H e n r y W il s o n , F . W e a t h e r h e a d , V ic e P r e s i d e n t s ;
C h a s . C a v e . C a s h ie r .
D i r e c t o r s .— Lemuel Saviers, W. H enry Wilson, F . W eatherhead, K . S. M cIntyre, Elm er J. Hughes,
Ellis G. Hughes, John B. Joos, Oliver N. King, ISathaniel White.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, T9. Sept. 1, ’09.
Loans and discounts.........................
122,147 80
819,981 96
823,099 34
$25,678 34
$25,595 72
Bonds, m ortgages and securities..
23,887 48
24,770 48
24,043 48
24,523 09
24,311 48
Prem ium s paid on b o n d s...............
O verdrafts............................................
423 52
270 54
279 80
112 02
787 48
Banking house....................................
4,250 00
4,250 00
4,250 00
4,250 00
4,000 00
F urniture and fixtures.....................
1,650 00
1,700 00
1,750 00
1,800 00
1,875 00
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
250 00
Item s in tra n sit.................................
93 00
41 30
U nited S tates bonds.........................
Due from banks in reserve c itie s ..
2,193 02
3,001 53
7,570 62
4,107 35
6,066 50
Exchanges for clearing h o u se .........
U. S. and N ational bank c u rre n cy .
1,504 00
1,611 00
1,881 00
2,389 00
2,046 00
Gold c o in .............................................
635 00
605 00
745 00
805 00
880 00
Silver coin............................................
633 15
384 75
610 20
402 05
721 75
Nickels and c e n ts..............................
17 20
41 54
69 65
32 35
65 70
Checks and cash ite m s...................
204 38
1,143 01
166 49
147 17
1,407 96
T o tals............................................
157,545 55
857,852 81
864,465 58
$64,287 67
$68,007 59
Liabilities.
Capital stock paid in .......................
820,000 00
$20,000 00
820,000 00
$20,000 00
$20,000 00
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
200 00
400 00
400 00
400 00
400 00
1,934 89
149 17
839 35
1,650 30
1,830 49
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
14,836 40
15,720 77
18,034 15
14,302 94
15,178 99
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
678 77
Certified checks..................................
Cashier’s checks outstanding..........
Savings d ep o sits................................
12,687 54
13,679 53
17,559 36
19,008 71
22,280 02
Savings certificates of deposit........
7,886 72
7,224 57
7,632 72
8,925 72
8,318 09
857,545 55
857,852 81
$64,465 58
$64,287 67
$68,007 59
Notes and bills rediscounted...........
Bills payable . . . * ..............................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
177
No. 369.
ALCONA COUNTY SAVINGS BANK, HARRISVILLE.
Organized March 31, 1907.
J o h n M a c g r e g o r , P r e s id e n t ; D. W. M i t c h e l l , V ic e P r e s id e n t ; L. R. R oss, 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 Macgregor, D. W. Mitchell, C. M. Lund, W. L. Chapelle, S. B. K ahn, W. A. Prince
D.
Resources.
D. Hanover.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, '09.
Loans and discounts.........................
146,572 32
$41,404 78
$37,449 95
$44,690 21
$43,363 19
Bonds, m ortgages and securities..
56,213 10
56,660 81
59,030 81
56,903 19
56,275 99
Prem ium s paid on b o n d s...............
O verdrafts............................................
612 17
624 80
174 49
445 63
760 00
Banking house....................................
1,500 00
1,500 00
1,500 00
1,500 00
1,500 00
F urniture and fixtures.....................
1,200 00
1,200 00
1,122 38
1,258 94
1,558 94
3,805 16
211 65
1,134 75
717 52
1,473 74
4,231 40
5,071 80
14,455 78
10,478 05
10,981 40
U. S. and N ational b ank currency.
2,570 00
2,182 00
1,766 00
4,800 00
2,303 00
Gold c o in .............................................
2,180 00
2,405 00
22 50
82 50
225 00
Silver coin............................................
554 75
1,034 40
503 80
474 65
422 50
Nickels and c e n ts..............................
87 69
93 52
118 14
136 16
158 23
Checks and cash ite m s....................
726 65
335 05
113 15
158 93
267 92
T o tals............................................
1120,253 24
$112,723 81
$117,391 75
$121,645 78
$119,289 91
Liabilities.
Capital stock paid in ................... .. .
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
3,000 00
3,000 00
3,000 00
6,000 00
6,000 00
2,335 60
2,120 51
3,975 40
832 62
606 53
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
35,622 04
30,964 73
36,714 92
38,369 91
34,270 48
Commercial certificates of d ep o sit.
8,269 40
8,512 74
7,091 44
7,403 38
5,874 56
40,026 20
37,125 83
35,609 99
33,039 87
36,538 34
O ther real estate................................
Due irom other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
United S tates bonds.........................
Due from banks in reserve cities..
Exchanges for clearing h o u se.........
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstanding..........
Savings d ep o sits................................
Savings certificates of deposit........
Notes and bills rediscounted...........
Bills p a y a b le .....................................
T o tals....................................
23
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6,000 00
6,000 00
6,000 00
11,000 00
11,000 00
$120,253 24
$112,723 81
$117,391 75
$121,645 78
$119,289 91
178
STATE BANKING DEPARTMENT.
No. 50.
OCEANA COUNTY SAVINGS BANK, HART.
Organized October 31, 1887.
G e o . R. B a t e s , P r e s id e n t : G. T. S a n d s , V ic e P r e s id e n t ; D. J. M a t h e w s , C a s h ie r ;
W . E. R o l i .i n s , A s s i s t a n t C a s h ie r .
D i r e c t o r s — Geo. R. Bates, L. N. K eating, G. T. Sands, W. E. Snyder, J. N. Cotton, J. B. Conger
H. S. Newton.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$106,023 40
$109,625 51
$87,062 75
$94,715 45
$81,013 47
Bonds, m ortgages and securities. .
113,454 70
126,979 70
145,129 70
148,593 45
145,313 45
Prem ium s paid on b o n d s...............
O verdrafts............................................
107 26
79 94
392 51
494 49
744 19
B anking house....................................
4,587 00
4,000 00
4,000 00
4,000 00
4,000 00
F u rn itu re and fixtures.....................
842 23
842 23
842 23
262 82
262 82
O ther real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
10 50
Item s in tra n sit.................................
U nited S tates bonds.........................
Due from banks in reserve cities..
40,921 21
19,746 78
31,479 72
U. S. and N ational bank cu rre n cy .
6,582 00
6,872 00
7,985 00
4,866 00
5,948 00
Gold c o in .............................................
6,125 00
6,225 00
6,295 00
6,420 00
6,535 00
Silver coin............................................
2,810 15
2,361 50
1,871 15
1,092 85
1,173 35
Nickels and c e n ts..............................
274 27
307 11
297 59
288 42
295 48
Checks and cash ite m s....................
143 22
50 58
183 19
60 69
1,252 97
T o tals............................................
$281,870 44
$277,090 35
$285,538 84
$275,366 61
$273,351 09
Liabilities.
Capital stock paid in .......................
$40,000 00
$40,000 00
$40,000 00
$40,000 00
$40,000 00
10,000 00
10,000 00
10,000 00
11,000 00
11,000 00
4,607 94
929 81
3,500 20
3,560 71
2,372 31
36,965 10
34,904 55
31,547 02
30,029 52
28,395 38
911 55
267 51
178 88
Exchanges for clearing h o u se .........
Surplus fu n d .............................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
14,572 44
26,801 86
...............
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
46 63
500 00
Cashier’s checks outstanding..........
Savings d ep o sits................................
134,764 65
127,577 81
146,467 03
141,067 90
141,921 51
Savings certificates of dep o sit........
54,621 20
63,410 67
53,845 71
49,161 85
49,661 89
$281,870 44
$277,090 35
$285,538 84
$275,366 61
$273,351 09
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
179
No. 11.
THE HASTINGS CITY BANK, HASTINGS.
Organized October 26, 1886.
C h e s t e r M e s s e r , P r e s id e n t ; R . B. M e s s e r , V ic e P r e s id e n t ; A . A . A n d e r s o n , C a s h ie r .
D i r e c t o r s — Chester Messer, D. S. Goodyear, Luke W aters, R. B. Messer, M. L. Cook, R. T. French
A. A. Anderson.
Resources.
Report of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$285,048 70
$287,249 62
$321,887 26
$303,240 45
$314,902 38
Bonds, m ortgages and se cu rities..
129,025 09
126,284 09
121,434 09
125,309 09
125,249 09
Prem ium s paid on b o n d s...............
O verdrafts............................................
1,981 43
3,386 52
3,352 93
2,521 06
6,920 91
Banking house....................................
13,000 00
13,000 00
13,000 00
13,000 00
13,000 00
F urn itu re and fixtures.....................
2,000 00
2,000 00
2,000 00
2,000 00
2,000 00
496 12
1,133 33
303 31
232 28
55,744 18
82,201 12
33,365 02
49,577 41
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve c itie s ..
30,436 87
Exchanges for clearing h o u se.........
U. S. and N ational bank cu rren cy .
10,144 00
11,385 00
9,576 00
8,470 00
6,068 00
Gold co in .............................................
13,565 00
13,037 50
13,055 00
13,062 50
14,822 50
Silver coin............................................
1,200 00
700 00
1,350 00
1,209 75
1,100 00
Nickels and c e n ts..............................
142 07
213 52
104 28
150 35
196 26
Checks and cash ite m s ....................
3,332 28
2,428 80
2,527 12
722 99
2,619 01
$515,678 87
$543,019 50
$521,955 01
$519,495 88
$517,315 02
$75,000 00
$75,000 00
$75,000 00
$75,000 00
$75,000 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
15,295 95
15,710 97
16,032 39
17,117 43
17,233 73
122,439 10 '
148,217 46
120,968 07
91,465 35
96,832 67
T o tals..........................................
Liabilities.
Capital stock paid in .......................
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
160 00
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
•
Cashier’s checks o u tstanding...........
Savings dep o sits................................
224,367 31
225,743 27
230,300 62
241,542 04
233,489 85
Savings certificates of dep o sit........
53,576 51
53,347 80
54,653 93
54,371 06
54,598 77
15,000 00
15,000 00
$515,678 87
$543,019 50
$521,955 01
$519,495 88
$517,315 02
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o ta ls ..........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
180
S T A T E B A N K IN G D E P A R T M E N T .
N o . 434.
T H E H IG H L A N D P A R K S T A T E B A N K , H IG H L A N D P A R K .
O rg a n iz e d J a n u a r y 30, 1909.
J ames Couzens ,
P r e s id e n t ;
J ames T. W h iteh ea d ,
V ic e P r e s id e n t ;
E. G. L iebold ,
C a s h ie r .
D irectors .—J ames Couzens, H enry Ford, J. H. Johnson, Lawrence W. Snell, Jam es T. W hitehead.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$55,612 53
"Ronds m ortgages and securities..
37,500 00
Prem ium s paid on b o n d s...............
286 50
Overdrafts
....................................
Pan king house....................................
18,166 37
F urniture and fixtures.....................
O ther real e state...............................
Due from other banks and bankers
(not reserve cities). . .
Tterns in transit
United S tates bonds.........................
Due from banks in reserve cities. .
59,009 74
Exchanges for clearing h o u se .........
IT. S. and N ational bank cu rren cy .
6,726 00
Hold c o in .............................................
372 50
Silver coin............................................
1,128 00
Nickels and c e n ts..............................
197 19
Checks and cash ite m s....................
1 50
T o tals............................................
$179,000 33
Liabilities.
Capital stock paid in .......................
$40,000 00
Surplus fu n d .......................................
Undivided profits, less current ex
penses interest and taxes p a id . .
982 66
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
72,244 69
Commercial certificates of d ep o sit.
441 07
Due to banks and b an k ers...............
Certified checks. . .
Cashier’s checks o u ts ta n d in g ........
Ravings dep o sits................................
52,271 91
Ravings certificates of deposit........
13,060 00
Notes and bills rediscounted ........
Pills payable
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$179,000 33
181
STATE BANKS OF MICHIGAN.
No. 361.
THE MONTMORENCY COUNTY SAYINGS BANK, HILLMAN.
Organized December 16, 1906.
R
R e a , P r e s id e n t ; W i I l ia m N. H u n t , V ic e P r e s id e n t ; L o u is D a v id s o n , T r e a s u r e r ;
J a s . W. F a r r i e r , A s s i s t a n t T r e a s u r e r , W. A. P r i n c e , G e o . B. H o l m e s , A u d i t o r s .
obert
D i r e c t o r s .— R obert Rea, Louis Davidson, Geo. B. Holmes, C. H. Godfrey, Wm. N. H unt,
Will A. Prince, A. B. Green.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$23,424 24
$30,579 47
$44,304 42
$43,147 41
$37,902 74
Bonds, m ortgages and se c u ritie s..
16,029 84
16,436 59
16,663 09
17,908 09
19,138 09
Prem ium s
p a , id
on b o n d s. .
O verdrafts............................................
262 28
151 82
22 82
2 48
3 72
Banking house....................................
1,347 97
1,347 97
1,347 97
1,347 97
1,347 97
F u rn itu re and fixtures.....................
1,284 75
1,284 85
1,357 22
1,396 42
1,426 42
257 89
1,158 23
906 21
448 58
824 80,
2,324 02
6,395 89.
3,639 38
10,710 35
4,753 83
Due from other banks and bankers
Item s in tra n sit.................................
Unit,p.d States b o n d s ....
Due from banks in reserve cities..
Exchanges for clearing h o u se .........
U. S. and N ational bank currency.
1,411 00
1,948 00
2,585 00
2,505 00
3,034 00
Gold c o in ............. ...............................
240 00
265 00
275 00
305 00
355 00
Silver coin............................................
406 60
233 20
272 35
958 50
775 25
Nickels and c e n ts..............................
1 05
3 04
1 17
11 28
1 69
16 50
88 23
3 34
Checks and cash ite m s.........
o rd ers......................................
250 69
T o tals............................................
$47,256 83
$59,892 29
$71,377 97
$78,741 08
$69,563 51
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
1,245 67
1,919 35
1,919 35
1,919 35
2,700 00
1,235 77
157 87
1,227 66
1,536 41
736 46
V illa .e e
Surplus fu n d ......................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
9 00
9 00
9 00
9 00
9 00
17,330 97
29,246 93
37,250 70
44,112 86
26,563 46
Commercial certificates of d ep o sit.
189 26
111 74
188 60
199 74
179 24
Savings d ep o sits................................
6,304 11
7,605 35
9,950 61
10,121 67
18,393 30
Savings certificates of deposit........
942 05
842 05
842 05
842 05
982 05
$47,256 83
$59,892 29
$71,377 97
$78,741 08
$69,563 51
Due to banks and b an k ers...............
CJert.ified oheeks..................................
Cashier’s checks outstanding. . .
Notes and bills rediscounted
■Rills
p a v a b le
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
182
STATE BANKING DEPARTMENT,
No. 260.
FIRST STATE SAVINGS BANK OF HILLSDALE, HILLSDALE.
Organized February 18, 1902.
F. A. R o e t h l i s b e r g e r ,
C. M. B a r r e , V ic e P r e s id e n t ; C h a s . C. T y l e r ,
H. C. B l a c k m a n , A s s i s t a n t C a s h ie r .
P r e s id e n t ;
C a s h ie r ;
D i r e c t o r s .— F. A. Roethlisberger, C. M. Barre, Edw ard Frensdorf, Wm, N. Benge, Guy M. Chester
F. H. Stone, M. S. Segur.
Resources.
Loans and discounts.......................
Bonds, m ortgages and securities. .
R eport of
Nov. 27, ’08
R eport of
R eport of
R eport of
R eport of
Feb. 5, ’09. April 28, ’09 June 23, ’09 Sept. 1, ’09.
$194,864 57
$207,676 18
$217,255 45
$187,915 60
$191,553 73
65,563 25
64,965 28
68,098 65
65,898 65
70,091 58
67 98
Prem ium s paid on b o n d s...............
O verdrafts..........................................
1,697 47
96 67
5 50
1,281 95
Banking house....................................
5,356 00
5,356 00
5,356 00
5,356 00
5,356 00
F u rn itu re and fixtures...................
2,995 00
2,995 00
3,175 00
3,175 00
3,175 00
38,000 95
43,717 35
26,848 38
46,630 36
24,943 33
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing h o u se.........
U. S. and National bank currency.
10,470 00
9,608 00
13,745 00
10,438 00
9,695 00
Gold c o in ...........................................
8,075 00
8,100 00
8,140 00
8,020 00
8,040 00
Silver coin.....................................
3,477 20
4,952 65
2,962 90
3,195 25
4,221 40
289 88
406 50
445 75
267 81
330 92
1,184 35
819 66
1,240 90
2,951 74
988 99
$331,973 67
$348,693 29
$347,273 53
$335,130 36
$318,463 93
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
18,000 00
20,000 00
20,000 00
20,000 00
20,000 00
9,351 60
5,298 74
7,243 42
7,044 60
9,042 27
. 62,818 41
62,562 59
Nickels and cen ts............................
Checks and cash ite m s...............
T o ta ls......................................
Liabilities.
Capital stock paid in .....................
Surplus fu n d ..................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial 'deposits subject to
ch eck ...............................................
28 00
74,639 96
89,982 82
Commercial certificates of d ep o sit.
51,701 35
152,613 55
Due to banks and b an k ers...............
Certified checks..................................
10 00
10 00
10 00
10 00
35,096 76
Cashier’s checks outstan d ing..........
Savings dep o sits................................
26,593 75
25,326 89
34,863 03
35,945 71
Savings certificates of d ep o sit........
153,388 36
158,046 84
172,338 67
159,567 46
$331,973 67
$348,693 29
$347,273 53
$335,130 36
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals..........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$318,463 93
STATE BANKS OF MICHIGAN.
183
No. 78.
HILLSDALE SAVINGS BANK, HILLSDALE.
Organized July 30, 1884.
C h a u n c e y F. C o o k , P r e s id e n t ; H e n r y S. W a l w o r t h , V ic e P r e s id e n t ; L . D . W a l w o r t h , C a s h ie r ;
C l i f f o r d H . R a n n e y , 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. F. Cook, John T. Crume, H . S. WTalworth, L . D . W alworth, Rufas Campbell.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08, Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$393,481 72
$415,380 95
$396,027 40
$369,418 36
$394,628 06
Bonds, m ortgages and securities. .
132,724 77
128,766 90
145,776 90
145,288 96
145,538 96
Prem ium s paid on b o n d s...............
895 65
890 74
1,774 32
O verdrafts............................................
2,157 42
1,783 35
Banking house....................................
5,500
00
5,500
00
5,500
00
5,500
00
5,500
00
F u rn itu re and fixtures.....................
2,000
00
2,000
00
2,000
00
2,000
00
2,000
00
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States bonds.........................
66,420 93
45,201 88
97,632 02
114,705 21
92,150 61
U. S. and N ational bank currency
25,939 00
26,084 00
28,630 00
27,972 00
29,816 00
Gold c o in ...........................................
14,‘340 00
15,190 00
15,530 00
14,005 00
14,690 00
Silver coin..........................................
1,065 00
1,243 80
1,571 35
1,579 40
2,077 25
Nickels and c en ts............................
305 59
549 73
498 40
355 89
443 56
Checks and cash ite m s..................
2,814 33
1,369 15
1,840 68
2,072 95
1,854 74
3,748 76
.069 76
$695,902 40
,788 51
690.473 50
$60,000 00
$60,000 00
$60,000 00
$60,000 00
$60,000 00
20,000 00
20,000 00
20,000 00
20,000 00
20,000 00
18,322 81
10,816 53
15,095 96
17,393 30
11,271 66
66,703 31
78,967 32
92,940 37
75,578 76
Due from banks in reserve cities.
Exchanges for clearing house
Totals.
Liabilities.
Capital stock p a id lin ..
Surplus 'fu n d ................................ •
Undivided profits, less current ex
penses, interest and taxes paid
Dividends u n p a id ................... .... •
Commercial deposits subject to
. ch eck .............................................
84,273 92
360,068 30
Commercial certificates of deposit
Due to banks and b an k ers...........■
Certified checks..............................•
Cashier’s checks o u tsta n d in g .. . . •
Savings dep o sits............................ •
124,802 28
128,485 17
149,045 66
149,925 46
Savings certificates of deposit
356,920 36
344,800 74
358,820 41
360,890 99
3,748 76
$643,069 76
$695,902 40
1,788 51
154,859 62
Notes and bills rediscounted.
Bills p a y a b le .................................. •
Totals.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$690,473 50
184
STATE BANKING DEPARTMENT,
No. 56.
THE FIRST STATE BANK OF HOLLAND, HOLLAND.
Organized December 16, 1889.
G
e r r it
J. D
ie k e m a
,
P r e s id e n t ; J .
H.
D
ir e c t o r s
.— J.
J.
W.
L
B
, V ic e P r e s id e n t ; G .
A s s i s t a n t C a s h ie r .
e a r d s i .e e
u id e n s
,
W.
M
o k m a
,
C a s h ie r -
W. Beardslee, G. J. Kollen, G. W. Mokma, G. J. Diekema, I. MarsiJie H. K rem ers
J. W. Bosman, J. W. Garvelink, W. J. Garrod.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 1, ’09.
• Resources.
Loans and discounts................
Bonds, m ortgages and securities. .
$560,729 00
$528,429 54
$536,973 48
$534,118 04
$524,231 84
409,212 14
432,593 14
429,101 87
425,902 07
442,236 55
98
510 89
25,000 00
25,000 00
25,000 00
Prem ium s paid on b o n d s. . . .
O verdrafts..................................
Banking house.....................
30 83
319 70
25,000 00
25,000 00
F urn itu re and fixtures...................
4,930 00
4,930 00
4,930 00
4,930 00
4,930 00
O ther real estate.................
Due from other banks and bankers
(not reserve cities).............
3,898 38
3,898 38
3,898 38
3,898 38
3,898 38
6,556 28
11,019 98
5,308 48
3,904 76
6,323 57
94,637 54
143,520 14
113,090 22
138,359 59
158,864 56
3,129 00
11,253 73
15,995 25
5,376 89
Item s in tra n sit.........................
United States bonds...................
Due from banks in reserve c itie s ..
Exchanges for clearing h o u se .........
U. S. and N ational b ank cu rre n cy .
34,621 00
34,478 00
35,328 00
31,030 00
39,470 00
Gold co in ....................
41,335 00
43,850 00
46,367 50
45,602 50
47,502 50
4,117 30
5,790 75
2,692 30
2,393 75
4,078 10
Nickels and c e n ts...............
560 05
881 69
553 37
634 79
613 99
Checks and cash ite m s. . . .
145 24
902 10
1,799 28
2,861 70
415 27
$1,185,772 76 $1,238,742 42 $1,216,296 61 $1,234,631 81
$1,263,452 54
Silver coin.........................
T o tals...........................
Liabilities.
Capital stock paid in .....................
Surplus f u n d .......................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Dividends u n p a id ...................
Commercial deposits subject
ch eck ..................................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
35,000 00
35,000 00
35,000 00
35,000 00
40,000 00
13,212 74
7,485 07
11,782 19
15,879 85
3,639 25
160,672 99
209,048 95
205,910 33
178,586 26
186,222 19
to
Commercial certificates of d e p o sit.
Due to banks and b an k ers.............
Certified checks.......................
1,375 56
2,600 00
Cashier’s checks o u tstanding...........
Savings dep o sits................................
627,129 69
633,363 36
619,213 72
648,806 57
665,329 66
Savings certificates of deposit........
298,381 78
303,845 04
294,390 37
301,359 13
310,661 44
5,000 00
5,000 00
T o tals............................................ $1,185,772 76 $1,238,742 42 $1,216,296 61 $1,234,631 81
$1,263,452 54
S tate monies on d ep o sit...................
Notes and bills rediscounted..........
Bills p a y a b le ...................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
185
No. 91.
THE HOLLAND CITY STATE BANK, HOLLAND.
Organized January 30, 1890.
D. B. K. V a n R a a l t e ,
W. H. B e a c h , V ic e P r e s id e n t ; C. V e r S c h t jr e , C a s h ie r ;
O t t o P. K r a m e r , A s s i s t a n t C a s h ie r .
P r e s id e n t ;
D i r e c t o r s .— C. Ver Shure, M. Van P u tte n , W. H. Beach, P. H. McBride, D. B. K. Van R aalte,
O tto P. K ram er, M. Van P u tten , John Veneklasen, John Kollen.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$406,293 65
$430,476 99
$444,126 09
$460,796 47
$454,277 06
Bonds, m ortgages and securities...
288,017 00
296,737 00
290,277 00
291,233 50
298,518 50
Prem ium s paid on b o n d s.................
O verdrafts............................................
220 77
105 93
319 43
182 45
384 31
Banking house....................................
22,000 00
22,000 00
22,000 00
22,000 00
22,000 00
F urn itu re and fixtures.....................
5,188 00
5,000 00
5,000 00
5,000 00
5,000 00
Other real estate................................
Due from other banks and bankers
(not reserve cities).......................
1,476 79
Item s in tra n sit.................................
400 00
41 20
U nited States bonds.........................
Due from banks in reserve c itie s ..
62,488 04
60,577 70
73,555 42
76,841 99
Exchanges for clearing h o u s e .. . .
6,675 42
1,472 27
3,413 11
1,417 72
1,416 82
U. S. and National bank cu rren cy .
28,280 00
26,273 00
20,732 00
24,773 00
31,385 00
Gold c o in .............................................
29,375 00
30,687 50
24,122 50
26,635 00
30,575 00
Silver c o in ...........................................
4,012 85
2,202 95
1,698 05
1,859 80
6,257 30
Nickels and c e n ts..............................
824 69
1,116 89
1,398 53
1,081 89
450 34
Checks and cash ite m s....................
14 77
27 17
334 65
57 11
70 02
$853,390 19
$877,077 40
$886,967 78
$911,878 93
$990,998 66
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
35,000 00
35,000 00
35,000 00
35,000 00
40,000 00
13,900 51
5,460 11
11,415 10
15,458 68
6,972 53
T o tals..................
Liabilities.
Capital stock paid in .......................
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
139,146 32
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
106,091 48
141,168 90
102,750 05
137,087 70
193,460 88
Commercial certificates of d ep o sit.
239,451 39
242,026 24
241,401 86
200,231 32
149,023 32
4 70
300 00
411,262 40
434,932 51
52,834 13
106,309 42
10,000 00
10,000 00
$911,878 93
$990,998 66
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
388,335 02
403,422 15
426,400 77
Savings certificates of dep o sit. . . .
S tate monies on d eposit...................
Notes and bills rediscounted..........
10,000 00
10,611 79
Bills p a y a b le .......................................
10,000 00
T o tals............................................
$853,390 19
24
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10,000 00
$877,077 40
$886,967 78
STATE BANKING DEPARTMENT.
186
No. 322.
THE PEOPLE’S STATE BANK OF HOLLAND, HOLLAND.
Organized January 24, 1905.
A r e n d V i s s c h e r , P r e s id e n t ; B . D . K e p p i .e , V ic e P r e s id e n t ; J o h n G. R u t g e r s , C a s h ie r ; H e n r y W i n t e r ,
A s s i s t a n t C a s h ie r ; J o h n H . K l e i n h e k s e l , W m . O. V a n E y c k , A u d ito r s .
D i r e c t o r s .— Arend Visscher, B. D. Keppel, John H. Kleinheksel. D. B. Y utem a, Geo. P. Hum m er,
C.
J. Lokker, Wm. O. Van E yck, Daniel Ten Cate, John G. Rutgers.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’C9. Sept. 6, ’09.
Loans and discounts.......................
$159,927 94
$170,073 25
$176,316 55
$176,763 76
$176,505 12
Bonds, m ortgages and securities.
27,226 65
27,226 65
26,299 65
26,992 65
26,135 65
Prem ium s paid on b o n d s.............
O verdrafts..........................................
553 29
305 23
82 69
336 12
330 44
Banking house..................................
19,400 00
19,400 00
19,400 00
19,400 00
19,400 00
F u rn itu re and fixtures...................
948 14
948 14
948 14
948 14
971 89
O ther real e state................................
Due from other banks and bankers
(not reserve cities).................
2,000 00
10 00
Item s in tr a n s it.................................
U nited S tates bonds.........................
Due from banks in reserve cities. .
17,942 11
28,690 93
23,383 56
37,590 23
Exchanges for clearing h o u se.........
102 23
29 35
1,068 41
854 00
U. S. and N ational bank currency.
10,975 00
6,536 00
9,328 00
6,331 00
13,346 00
Gold c o in .............................................
1,906 90
2,385 00
3,680 00
4,690 00
3,955 00
Silver coin............................................
1,978 05
2,025 55
1,402 80
1,949 90
2,790 85
Nickels and c en ts..............................
37 37
69 48
121 11
69 53
102 00
Checks and cash ite m s....................
65 71
37 00
5 50
27 92
6 28
$241,063 39
$257,726 58
1,036 41
$275,953 25
$267,476 51
$50,000 00
$50,000 00
Totals.
Liabilities.
Capital stock paid i n . .
22,700 90
1,222 38
$50,000 00
$50,000 00
$50,000 00
Surplus fu n d...................................
Undivided profits, less current ex
penses, interest and taxes paid
500 00
700 00
700 00
700 00
800 00
2,694 98
279 24
1,776 15
2,275 32
1,080 92
Dividends u n p a id ..........................
Commercial deposits subject to
ch eck .............................................
15 00
30 00
15 00
36,510 03
43,047 93
49,329 94
54,631 74
45,780 07
366 84
300 00
6 00
Commercial certificates of deposit
Due to banks and b an k ers.............
Certified checks................................
22 84
Cashier’s checks o u tstanding..........
Savings d ep o sits................................
103,658 80
115,436 59
114,697 30
116,178 53
117,850 19
Savings certificates of deposit........
47,661 74
48,232 82
47,518 02
51,800 82
51,659 33
$241,063 39
$257,726 '58
,036 41
$275,953 25
$267,476 51
Notes and bills rediscounted...........
Bills p a y a b le .......................................
Totals.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
187
No. 262.
CITIZENS’ SAVINGS BANK OF HOLLY, HOLLY.
Organized July 17, 1902.
H. L e e W e i g h t ,
P r e s id e n t ; J o h n
W. P a t t e r s o n ,
V ic e P r e s id e n t ;
C. J. C u m m in g s ,
C a s h ie r .
D i r e c t o r s .— John Lane, John W. P atterson, Jam es S. Mitchell, H. Lee W right, C. J. Cummings
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$68,169 92
$65,592 70
$64,389 82
$70,655 79
$73,-922 96
Bonds, m ortgages and se c u ritie s..
37,880 32
37,892 76
36,198 12
38,769 58
44,460 58
Prem ium s paid on b o n d s...............
O verdrafts............................................
282 01
800 46
16 31
394 08
141 43
B anking house..................................
2,600 00
2,600 00
2,600 00
2,600 00
2,600 00
F u rn itu re and fixtures.....................
3,000 00
3,000 00
3,000 00
3,000 00
3,000 00
Other real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
1,353 87
3,072 42
4,679 99
3,161 64
1,917 85
Item s in tra n sit..................................
2,154 00
1,849 40
2,312 41
1,984 55
2,543 50
11,904 34
13,775 98
22,121 21
19,847 03
13,661 30
United States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing h o u se .........
U. S. and N ational bank cu rren cy .
5,712 00
5,408 00
6,290 00
6,863 00
4,881 00
Gold co in .............................................
920 00
745 00
975 00
1,007 50
1,020 00
Silver coin............................................
344 10
644 65
185 70
224 00
258 25
Nickels and c en ts.......................
112 88
81 22
56 68
70 76
Checks and cash ite m s ....................
T o tals..........................................
Liabilities.
Capital stock paid in .......................
22 99
106 00
$134,433 44
$135,462 59
$142,825 24
$148,577 93
$148,535 86
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
Surplus fu n d ......................................
U ndivided profits, less current ex
penses, interest and taxes paid. .
600 00
1,000 00
1,000 00
1,000 00
1,250 00
1,819 08
2,121 30
1,965 17
2,312 67
1,509 41
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
16,775 09
19,756 06
19,518 44
19,571 70
17,852 39
Commercial certificates of deposit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstanding...........
Savings d ep o sits................................
66,427 55
64,429 75
68,006 62
69,584 85
71,886 89
Savings certificates of dep o sit........
28,811 72
28,155 48
32,335 01
36,108 71
36,037 17
$134,433 44
$135,462 59
$142,825 24
$148,577 93
$148,535 86
Notes and bills rediscounted...........
Bills p a v a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
188
No. 106.
THE FIRST STATE AND SAVINGS BANK OF HOLLY.
Organized October 27, 1890.
E l i B i r d , P r e s id e n t ; D a r w i n D. H a d l e y , V ic e P r e s id e n t ; C h a r l e s A. W i l s o n , C a s h ie r ;
E m m a S a r g e n 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 .— Eli Bird, Charles A. Wilson, D. D. Hadley, H. W. Downing, John W. McKinney,
F. J. B arrett, J. D. Haddon.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$134,588 25
$138,262 61
$161,967 38
$168,879 18
$179,825 57
Bonds, m ortgages and se c u ritie s...
228,624 75
241,614 10
237,299 10
241,379 10
248,329 10
3,254 98
Prem ium s paid on b o nds.................
O verdrafts............................................
2,439 89
687 20
1,794 79
1,305 65
Banking house....................................
7,500 00
7,500 00
7,500 00
7,500 00
7,500 00
F u rn itu re and fixtures.....................
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
5,532 36
1,095 65
814 74
1,644 04
Item s in tra n sit..................................
519 87
1,194 54
825 00
U nited States bonds.........................
Due from banks in reserve cities..
58,948 60
48,927 04
62,297 99
63,310 05
47,371 81
Exchanges for clearing house. . . .
U. S. and N ational bank currency.
13,802 00
15,593 00
16,499 00
17,091 00
19,706 00
Gold co in .............................................
3,119 50
3,693 00
4,560 50
2,858 00
3,100 50
Silver co in ...........................................
777 00
1,065 00
1,275 00
1,555 30
1,791 00
Nickels and c e n ts..............................
250 70
250 92
245 33
118 10
280 00
Checks and cash ite m s ....................
49 81
41 07
J6 35
141 14
64 41
T o tals............................................
$457,152 73
$459,729 59
$495,350 18
$507,976 10
$513,048 37
Liabilities.
Capital stock paid in .......................
$30,000 00
$30,000 00
$30,000 00
$30,000 00
$30,000 00
30,000 00
30,000 00
30,000 00
30,000 00
30,000 00
9,509 90
9,432 90
12,004 10
14,995 00
12,839 22
255 00
15 00
47,116 43
51,539 85
50,641 15
42,867 86
44,848 43
Surplus fu n d ........................................
U ndivided profits, less current expenses, interest and taxes p a i d ..
Dividends u n p a id ..............................
Commercial 'deposits subject to
ch eck .................................................
54,665 03
41,269 27
Commercial certificates of -deposit.
264 41
251 31
15 00
Due to banks and b an k ers...............
70 68
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
300,211 22
313,358 61
334,995 09
Savings certificates of deposit. . . .
32,502 17
35,162 50
41,219 56
$457,152 73
$459,729 59
$495,350 18
338,573 39
344,633 89
$507,976 10
$513,048 37
Notes and bills rediscounted.........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OP MICHIGAN. '
189
No. 432.
THE HOLTON STATE BANK, HOLTON.
Organized June 10, 1909.
B . F. B l a c k , P r e s id e n t ; J o h n Q . R o s s , V ic e P r e s id e n t ; J o h n E . N a s h , C a s h ie r ; H e r m a n O ’C o n n o r ,
A s s i s t a n t C a s h ie r ; R . F. S k e e l s , C. L . H o u s e m a n , H e r m a n O ’C o n n o r , A u d i t o r s .
D i r e c t o r s .— B. F. Black, H erm an O’Connor, S. P. M urphy, John Weiler, John Q. Ross, C. L. House
m an, R. F. Skeels.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09 June 23, ’09. Sept. 1, ’09.
T,oa,ns and d isc o u n ts... . ...............
$7,844 08
Bonds m ortgages and se c u ritie s..
2,542 71
Prem ium s paid on b o n d s...............
8 23
O verdrafts............................................
Pa/nking house....................................
4,971 27
F urniture and fixtures.....................
Other real estate...............................
Due from other banks and bankers
(not reserve cities). . .
Tferns in tra n sit.................................
U nited States bonds.........................
6,569 4f
Due from banks in reserve c itie s ..
Exchanges for clearing h o u se .........
U. S. and N ational b ank currency.
7,452 06
Gold co in .............................................
160 00
Silver coin............................................
179 35
Nickels and c e n ts..............................
53 28
Checks and cash ite m s ....................
1,166 00
410 68
Expenses, interest and taxes p a id .
T otals............................................
$31,357 03
Liabilities.
Capital stock paid in .......................
$18,450 00
Surplus fund
Undivided profits, less current ex
panses interest and taxes paid. .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .
.........................................
Commercial certificates of d ep o sit.
'*
8,907 92
3,779 11
Due f,o banks and bankers. . .
Certified checks
Cashier’s checks outstanding1. .
Ra,vings d ep o sits.........
220 00
Ravings certificates of deposit. . .
Notes and bills rediscounted
Pills payable
T otals .
................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$31,357 03
190
STATE BANKING DEPARTMENT.
No. 255.
CALHOUN STATE BANK, HOMER.
Organized January 27, 1902.
J. C. S n y d e r ,
P r e s i d e n t ; J o h n H o f f m a n , V ic e P r e s i d e n t ; R. D. G a r d n e r
E l b e r t L . A n d r e w s , A s s i s t a n t C a s h ie r .
C a s h ie r '
D i r e c t o r s .— E. J. Fellows, M. C. Fellows, R. E. Goodrich, A. E. H unter, R. D. Gardner John Hoffman
J. C. Snyder.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Resources.
Loans and discounts....................
Bonds, m ortgages and se c u ritie s...
$114,433 09
$133,870 32
$122,142 11
$122,476 98
$134,421 83
85,770 47
87,039 87
78,415 24
75,715 24
76,601 75
Prem ium s paid on b o n d s.................
O verdrafts................................
2,593 94
1,537 45
2,861 55
2,694 34
4,645 34
Banking house...................
3,500 00
3,500 00
3,500 00
3,500 00
7,100 16
F u rn itu re and fixtures.....................
1,000 00
1,000 00
2,150 00
2,186 00
2,228 72
Other real e sta te .................
Due from other banks and bankers
(not reserve cities).....................
4,831 28
6,584 14
6,559 51
6,864 74
3,500 00
45,923 36
32,798 87
24,588 55
19,327 08
16,730 94
U. S. and N ational bank currency.
8,532 00
10,583 00
9,991 00
9,784 00
8,315 00
Gold co in ...........................................
6,130 00
6,325 00
6,410 00
6,895 00
6,855 00
Silver c o in ............................
735 70
895 80
411 85
1,134 10
1,082 85
Nickels and c e n ts..........................
244 17
321 46
236 43
298 90
312 52
Checks and cash ite m s ..................
372 22
143 24
697 83
753 22
508 19
$274,066 23
$284,599 15
$257,964 07
$251,629 60
$262,302 30
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
4,000 00
4,000 00
4,000 00
4,000 00
4,000 00
4,358 19
4,388 07
4,438 51
4,324 97
4,859 92
Item s in tra n sit................................
United States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing house. . . .
T o tals.....................
Liabilities.
Capital stock paid in .......................
Surplus fu n d .......................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id .................
Commercial deposits subject
ch eck .....................................
to
Commercial certificates of d ep o sit.
64,369 33
74,874 02
61,614 62
44,610 61
50,023 31
121,299 07
118,609 31
103,778 27
110,076 42
114,913 03
59,989 64
62,727 75
64,132 67
68,617 60
68,506 04
$274,066 23
$284,599 15
$257,964 07
$251,629 60
$262,302 30
Due to banks and b an k ers...............
Certified checks..................................
50 00
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits....................
Savings certificates of dep o sit. . . .
Notes and bills red isco u n ted .. . ..
Bills p a y a b le ........................
T o tals..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
191
No. 353.
THE HOPKINS STATE BANK, HOPKINS.
Organized September 20, 1906.
D . B. K
i d d e r , P r e s id e n t ;
C. H. F u r b e r ,
V ic e P r e s id e n t ;
R. C. F u r b e r ,
C a s h ie r .
D i r e c t o r s .— D . B. Kidder, C. H. Furber, R. C. Furber, Mary A. Furber, Alice E. Kidder.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, '09.
Loans and discounts.........................
$61,976 28
$59,025 49
$73,375 36
$68,097 85
$70,814 05
Bonds, m ortgages and se cu rities...
53,304 33
53,304 33
60,269 33
59,244 33
58,869 33
26 18
191 43
B anking house....................................
2,200 00
2,200-00
2,200 00
2,200 00
2,200 00
F u rn itu re and fixtures.....................
1,900 00
1,900 00
1,900 00
1,900 00
1,900 00
18,148 57
20,572 88
16,609 95
24,782 30
16,200 58
Prem ium s paid on b o n d s.................
O verdrafts............................................
Other real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
United States bonds.........................
Due from banks in reserve c itie s ..
Exchanges for clearing h o u s e .. . .
U. S. and N ational bank cu rre n cy .
3,744 00
2,954 00
3,965 00
5,256 00
5,340 00
Gold c o in .............................................
2,875 00
2,980 00
2,530 00
2,715 00
2,355 00
Silver c o in ...........................................
425 35
534 60
732 15
701 80
377 70
Nickels and c e n ts..............................
131 53
125 27
187 45
158 68
95 23
T o tals....................................
$144,705 06
$143,596 57
$161,769 24
$165,082 14
$158,343 32
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
Checks and cash ite m s ....................
$20,000 00
$20,000 00
$20,000 00
Surplus fu n d ....................
Undivided profits, less current ex
penses, interest and taxes paid. .
300 00
600 00
600 00
600 00
600 00
3,258 61
563 31
1,431 15
1,903 15
2,374 45
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck ............................
21,332 47
21,599 32
18,691 52
24,174 67
19,844 28
Commercial certificates of d ep o sit.
12,817 00
6,247 10
11,046 05
7,744 76
7,550 76
86,996 98
94,586 84
110,000 52
110,659 56
107,973 83
$144,705 06
$143,596 57
$161,769 24
$165,082 14
$158,343 32
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
Savings certificates of dep o sit. . . .
Notes and bills red iscounted........
Bills p a y a b le .......................................
T o tals.................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
192,
STATE BANKING DEPARTMENT.
No. 109.
THE FIRST STATE AND SAYINGS BANK OF HOWELL.
Organized January 12, 1891.
W. P. V a n W i n k l e ,
P r e s i d e n t ; A s a V a n K l e e c k , V ic e P r e s id e n t ;
L. Pi. M a n n i n g , A s s i s t a n t C a s h ie r .
A. L. S m i t h ,
C a s h ie r ;
D i r e c t o r s .— W. P. Van Winkle, Asa Van Kleeck, John R yan, Charles A. Goodnow, George Barnes
F rank O. B urt, A rthur Garland.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$73,139 77
$70,498 15
$59,678 55
$63,554 93
$65,588 57
Bonds, m ortgages and se cu rities...
88,479 34
94,813 40
105,220 18
110,184 41
110,910 18
Prem ium s paid on b o n d s.................
O verdrafts.............................................
1,294 62
655 80
1,232 30
405 79
877 17
Banking house....................................
4,439 32
4,439 32
4,439 32
4,439 32
4,439 32
F u rn itu re and fixtures.....................
2,368 41
2,368 41
2,368 41
2,368 41
2,368 41
O ther real e state................................
Due from other banks and bankers
(not reserve cities).......................
1,500 00
1,000 00
1,000 00
1,000 00
1,000 00
Item s in tra n sit..................................
414 00
2,257 15
8 00
5,750 00
U nited States bonds.........................
3,000 00
3,000 00
3,000 00
3,000 00
3,000 00
Due from banks in reserve cities..
35,625 33
44,310 80
36,504 81
30,987 27
15,225 52
U. S. and N ational b ank currency .
13,1,01 00
8,139 00
11,886 00
12,338 00
12,147 00
Gold c o in .............................................
3,060 00
4,190 00
2,635 00
3,390 00
4,040 00
Silver c o in ...........................................
2,128 35
2,533 10
2,523 75
2,453 00
1,363 15
Nickels and c en ts..............................
275 69
439 99
486 63
585 13
635 24
Checks and cash ite m s...........
511 52
473 98
340 79
1,674 06
505 44
T o tals............................................
$229,337 35
$239,119 10
$231,315 74
$236,388 32
$227,850 00
Liabilities.
Capital stock paid in .......................
$40,400 00
$40,400 00
$40,400 00
$40,400 00
$40,400 00
2,650 00
3,150 00
3,150 00
3,150 00
3,150 00
4,316 21
2,522 05
3,433 53
2,743 20
3,813 36
59,900 23
65,336 30
46,754 10
46,370 40
35,132 31
Savings d ep o sits................................
35,629 46
36,307 66
36,889 11
38,392 98
40,646 39
Savings certificates of dep o sit. . . .
86,441 45
91,131 09
100,689 00
105,331 74
104,707 94
$229,337 35
$239,119 10
$231,315 74
$236,388 32
$227,850 00
Exchanges for clearing house. . . .
Surplus fu n d ........*...............
Undivided profits, less current ex
penses, interest and taxes p a i d ..
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
272 00
Notes and bills rediscounted.........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
193
No. 140.
BOIES’ STATE SAVINGS BANK, HUDSON.
Organized August 27, 1892.
S t e p h e n A . E a t o n , P r e s id e n t ; D a v id J. B e a c h b o a r d , V ic e P r e s id e n t ; B y r o n J. F o s t e r , C a s h i e r .
D i r e c t o r s .— Stephen A. E aton, Jam es B. Thorn, David J
Beachboard, H. V. C. H art, E dw in J.
Southworth, Byron J. Foster, Edw ard Frensdorf.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$186,591 97
$199,671 18
$201,973 52
$193,768 55
$206,480 49
Bonds, m ortgages and securities..
245,453 15
249,617 82
252,071 82
259,788 82
267,388 82
Prem ium s paid on b o n d s...............
215 00
475 82
475 82
475 82
475 82
O verdrafts............................................
1,280 91
2,260 07
13 44
242 37
2,286 64
Banking house....................................
8,000 00
8,000 00
8,000 00
8,000 00
8,000 00
F u rn itu re and fixtures.....................
209 04
O ther real e state................................
Due from other banks and bankers
(not reserve cities).......................
186 86
198 06
198 06
198 06
198 06
80 00
1,157 68
1,230 01
41,367 29
39,602 32
48,005 47
48,099 67
Item s in tra n sit..................................
U nited S tates bonds.........................
Due from banks in reserve c itie s ..
60,291 64
Exchanges for clearing h o u se .........
24 00
U. S. and N ational bank currency.
11,391 00
8,707 00
15,249 00
12,140 00
11,020 00
15,088 00
i11,060 00
13,864 00
Gold co in .............................................
11,140 00
11,045 00
Silver coin............................................
1,646 30
952.85
851 00
1,365 50
2,122 80
Nickels and c e n ts..............................
93 99
136 28
109 98
66 88
86 84
Checks and cash ite m s....................
9 52
14 58
60 96
47 26
83 02
T o tals............................................
$527,533 38
$522,420 95
$529,584 92
$538,120 41
$562,746 17
Liabilities.
Capital stock paid in .......................
$75,000 00
$75,000 00
$75,000 00
$75,000 00
$75,000 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
30,592 08
27,589 43
33,336 76
30,029 55
32,394 17
Dividends u n p a id ..............................
Commercial ‘deposits subject to
ch eck .................................................
50,008 82
52,601 15
56,631 99
61,754 82
59,726 50
Commercial certificates of d ep o sit.
6,776 65
5,808 86
1,776 67
2,118 78
3,686 69
339,555 83
336,421 51
337,839 50
344,217 26
366,938 81
$527,533 38
$522,420 95
$529,584 92
$538,120 41
$562,746 17
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstanding...........
Savings d ep o sits................................
Savings certificates of deposit.........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
25
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
194
STATE BANKING DEPARTMENT.
No. 143.
THOMPSON SAVINGS BANK, HUDSON.
Organized October 22, 1892.
W. B. T h o m p s o n ,
P r e s id e n t ;
G. I. T h o m p s o n ,
V ic e P r e s id e n t ;
C. C. W h i t n e y ,
C a s h ie r :
D i r e c t o r s .— W. B. Thompson, Fred S. Vedder, R. W. Thompson, G. I. Thompson, C. C. W hitney.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, '09. June 23, ’C9. Sept. 1, ’09.
Loans and discounts.........................
$302,655 31
$313,170 46
$313,297 09
$327,394 26
$331,544 41
Bonds, m ortgages and securities. .
374,930 03
383,311 31
387,075 36
379,851 36
383,187 36
Prem ium s paid on b o n d s...............
O verdrafts............................................
3,591 15
1,606 60
1,738 82
335 59
3,144 43
Banking house....................................
7,500 00
7,500 00
7,500 00
7,500 00
7.500 00
F u rnitu re and fixtures.....................
5,550 00
5,550 00
5,550 00
5,550 00
5.500 00
Other real e sta te ................................
Due from other banks and bankers
(not reserve cities)........................
V'
Item s in tra n sit.................................
295 00
445 00
5,238 71
2,329 68
2,282 07
U nited States bonds.........................
49,900 00
49,900 00
49,900 00
49,900 00
49,900 00
Due from banks in reserve c itie s ..
79,958 45
55,198 75
75,849 81
83,026 88
78,934 21
U. S. and N ational bank currency.
28,082 00
25,825 00
30,604 00
22,299 00
30,048 00
Gold c o in .............................................
10,250 00
10,150 00
10,220 00
10,595 00
10,030 00
Silver coin.......................................... ,
1,912 35
2,042 05
622 35
2,183 30
2,972 00
Nickels and c e n ts..............................
81 50
131 72
94 48
80 45
34 50
Checks and cash ite m s ....................
362 17
679 69
316 14
225 66
205 72
T o tals............................................
$865,067 96
$855,510 58
$888,006 76
$891,271 18
$905,282 70
Liabilities.
Capital stock paid in .......................
$100,000 00
$100,000 00
$100,000 00
$100,000 00
$100,000 00
20,000 00
20,000 00
20,000 00
20,000 00
20,000 00
12,860 08
4,769 39
14,725 54
10,262 84
6,432 26
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
85,332 26
85,230 40
87,386 38
91,294 75
83,983 84
Commercial certificates of deposit.
3,616 10
2,281 48
2,591 94
1,818 15
3,326 39
114 79
473 99
643,259 52
643,114 52
662,828 90
667,895 44
691,540 21
$865,067 96
$855,510 58
$888,006 76
$891,271 18
$905,282 70
Exchanges for clearing h o u se .........
Surplus fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstan ding...........
Savings d ep o sits................................
Savings certificates of d ep o sit........
N otes and bills rediscounted...........
Bills p a v a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN,
195
No. 24.
THE LAPEER COUNTY BANK, IMLAY CITY.
Organized January 26, 1886.
J o h n B o r l a n d , P r e s id e n t ; W a l t e r W a l k e r , V ic e P r e s id e n t ; J o h n B o r l a n d , J r ., C a s h ie r ;
W i l l B o r l a n 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 .— John Borland, W alter W alker, John Borland, Jr., E. E. Palm er, Will Borland.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
1135,371 39
$137,022 47
$143,166 51
$150,952 89
$147,527 91
Bonds, m ortgages and securities...
415,164 78
423,931 43
427,202 47
432,097 72
436,556 54
Prem ium s paid on b o n d s.................
O verdrafts..........................................
2,628 52
713 38
780 32
3,500 10
3,911 31
Banking house....................................
4.900 00
4.900 00
4.900 00
4.900 00
4.900 00
F u rn itu re and fixtures.....................
1.900 00
1.900 00
1.900 00
1.900 00
1.900 00
O ther real e sta te ................................
Due from, other banks and bankers
(not reserve cities).......................
253 77
Item s in tra n sit.................................
United S tates bonds.........................
Due from banks in reserve c itie s ..
61,917 23
61,272 75
76,607 57
52,273 31
69,514 06
Exchanges for clearing house. . . .
U. S. and N ational bank c u rre n cy .
23,295 00
23,264 00
26,313 00
27,590 00
19,920 00
Gold co in .............................................
2,630 00
3,265 00
2,760 00
2,945 00
2,507 50
Silver c o in ...........................................
1,850 00
1,752 00
859 00
812 00
921 00
Nickels and c e n ts..............................
67 36
185 71
145 76
110 70
120 03
Checks and cash ite m s....................
2,881 33
7,329 81
1,075 32
5,109 29
3,990 23
T o tals............................................
$652,605 61
$665,536 55
$685,709 95
$682,191 01
$692,022 35
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
11,331 08
4,116 38
12,913 15
8,732 22
3,663 34
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
29,584 06
41,086 16
39,968 48
25,646 09
37,117 02
Commercial certificates of d ep o sit.
2,182 32
2,155 30
1,202 12
590 00
2,103 83
Savings d ep o sits..................'.............
446,556 84
457,566 46
466,553 94
480,356 68
486,080 49
Savings certificates of deposit. . . .
102,951 31
100,612 25
105,072 26
106,866 02
103,057 07
$652,605 61
$665,536 55
$685,709 95
$682,191 01
$692,022 35
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstanding...........
Notes and bills rediscounted........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
190
No. 191.
STATE SAVINGS BANK OF IONIA, IONIA.
Organized December 8. 1896.
O. S. T o w e r ,
P r e s id e n t; T .
A. J. H
B. P r e s t o n ,
e m in g w a y ,
V ic e P r e s id e n t ; W. B. H e a t h , C a s h ie r ;
A l e x . R o b e r t 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 .— O. S. Tower, J. E. Morrison, T. B. Preston, Geo. Gundrum , K. R. Sm ith, A. M. Welch:
W. B. Heath.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
«581,048 89
«589,525 55
«584,864 78
«566,257 85
«575,347 51
Bonds, m ortgages and securities...
358,898 57
365,255 57
365,270 42
368,630 82
374,045 93
O verdrafts............................................
5,900 66
3,882 89
3,014 21
8,312 29
6,965 54
Banking house....................................
7,000 00
7,000 00
7,000 00
7,000 00
28,000 00
F u rn itu re and fixtures.....................
2,500 00
2.500 00
2,500 00
2,500 00
2,500 00
O ther real e sta te ................................
Due from other banks and bankers
(not reserve pities).......................
1,669 70
1,669 70
1,669 70
1,669 70
285 00
3.501 16
Prem ium s paid on bonds. . .
2,205 85
2,418 79
88,992 59
Item s in tra n sit.................................
rTnifed S tates bonds.........................
Due from banks in reserve cities..
106,666 64
109,675 09
139,538 59
128,620 43
E xchanges for clearing h o u s e .. . .
4,565 87
987 59
3,574 12
4,171 63
3,723 64
U. S. and N ational bank currency.
34,425 00
28,953 00
32,322 00
35,757 00
29,238 00
Gold co in .............................................
22,360 00
23,980 00
24,120 00
24,820 00
24,870 00
Silver c o in ...........................................
3,306 50
4,552 20
3,106 00
2,567 75
2,853 30
Nickels and c e n ts..............................
241 91
414 37
235 53
336 40
260 23
T o ta ls............................................ $1,128,868 74 $1,141,897 12 $1,167,215 35 $1,152,849 72
$1,139,215 53
Checks and pash ite m s.........
Liabilities.
Capital stoek paid in .......................
«100,000 00
$100,000 00
«100,000 00
$100,000 00
$100,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
30,000 00
35,000 00
35,000 00
35,000 00
40,000 00
9,821 77
2,644 44
8,686 93
11,573 71
4,333 17
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
37 50
159 50
55 50
31 50
25 50
245,305 44
294,006 49
286,090 46
252,798 73
227,177 81
1,206 40
Commercial certificates of d e p o sit.
P i ip
fo hanks and bankers . .
200 00
5,000 00
5,000 00
241,592 01
245,841 63
244,490 92
495,590 45
502,604 15
516,981 73
T o tals............................................ $1,128,868 74 «1,141,897 12 «1,167,215 35 «1,152,849 72
«1,139,215 53
Certified phepks..................................
10,000 00
Savings d ep o sits................................
249,932 57
240,117 94
Savings certificates of dep o sit. . . .
483,771 46
469,968 75
Notes and bills redisponnted . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
197
STA TE BANKS OF MICHIGAN.
No. 135. .
THE COMMERCIAL BANK OF IRON MOUNTAIN, IRON MOUNTAIN.
Organized March 7, 1892.
O . C. D a v id s o n , P r e s id e n t ; J. F. H a n c o c k , V ic e P r e s id e n t ; O l i v e r E v a n s , C a s h ie r ;
W. W. T h o m p 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 . — O . C. Davidson, H. M. Pelham , A . F. W right, J. F. Hancock, M. Corry, William Kelly,
P atrick Flanagan, Oliver Evans, John Marsh.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, '08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.......................
$379,102 39
$426,404 14
$470,413 73
$492,839 92
$463,777 11
Bonds, m ortgages and securities.
184,501 80
180,635 80
194,952 07
224,258 17
225,611 17
605 80
1,042 41
225 37
812 22
159 24
O ther real estate...........................
Due from other banks and bankers
(not reserve cities)...................
3,267 27
1,150 33
1,549 88
2,187 91
1,879 45
Item s in tra n sit.................................
1,821 70
1,430 35
1,486 12
1,786 46
586 91
113,666 77
109,457 33
104,594 32
82,974 58
,401 25
U. S. and N ational bank currency
16,500 00
29,300 00
38,522 00
28,000 00
28,520 00
Gold c o in ......................................... ..
19,000 00
19,700 00
13,650 00
9,000 00
13,700 00
Silver coin...........................: ............
2,700 00
2,700 00
1,126 70
1,700 00
1,850 00
Nickels and c e n ts............................
384 29
354 81
153 67
167 90
156 85
Checks and cash ite m s..................
1,036 30
645 66
1,073 17
584 88
579 68
$722,586 32
$772,820 83
,747 03
$844,312 04
$776,221 66
$100,000 00
$100,000 00
$ 100,000 00
$100,000 00
$100,000 00
30,000 00
30,000 00
30,000 00
30,000 00
30,000 00
28,042 64
21,595 58
28,380 05
27,538 47
25,112 73
85 00
50 00
50 00
25 00
263,868 80
66,718 41
Prem ium s paid on b o n d s.............
O verdrafts..........................................
Banking house..................................
F u rn itu re and fixtures...................
United S tates bonds.......................
Due from banks in reserve cities.
Exchanges for clearing h o u se . . . .
T otals.
Liabilities.
Capital stock paid in.
Surplus fu n d .................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
258,222 71
303,687 54
331,591 52
332,152 15
Commercial certificates of deposit
56,513 99
56,094 08
56,472 67
66,007 48
Due to banks and b ankers.............
624 05
991 98
249,182 93
260,366 65
2,080 11
Certified checks................................
Cashier’s checks o u tstanding........
Savings d ep o sits..............................
271,252 79
283,563 94
283,416 61
10,000 00
5,000 00
5,000 00
,747 03
$844,312 04
$776,221 66
Savings certificates of deposit. . . .
S tate monies on d e p o sit...............
Notes and bills rediscounted.........
Bills p a y a b le .....................................
Totals.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$722,586 32
$772,820 83
198
ST A T E BAN KING D EPA R TM EN T.
No. 12.
THE PENINSULA BANK, ISHPEMING.
Organized October 27, 1887.
T h o s . W a l t e r s , P r e s id e n t ; G e o . F . T h o n e y , V ic e P r e s i d e n t ; J. G . W e l s h , C a s h i e r •
P e t e r H a n d b e r g , A s s i s t a n t C a s h ie r ; T. H. B a r g h , A u d i t o r .
D ir e c t o r s .
Thos. W alters, O tto Eger, Joseph Mitchell, Geo. F. Thoney, H erm an Jaedecke, Thom as
W. Hughes, Thomas H. Bargh, H. F. Heyn, Lars Hoyseth, J. G. Welsh.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$384,678 85
$370,296 89
$372,844 01
$387,509 41
$377,635 45
Bonds, m ortgages and securities..
98,389 83
97,275 64
113,902 24
118,498 81
121,224 93
Prem ium s paid on b o n d s...............
O verdrafts............................................
2,538 23
3,048 12
315 59
1,362 81
347 55
Banking house....................................
15,000 00
15,000 00
15,000 00
15,000 00
15,000 00
F u rn itu re and fixtures.....................
1,400 00
1,400 00
1,400 00
1,400 00
1,400 00
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
1,688 36
3,105 20
668 84
198 51
200 82
Item s in tra n sit..................................
3,136 66
17,108 52
4,793 54
11,853 83
2,708 59
37,932 20
23,930 08
37,543 68
55,456 35
47,827 00
U. S. and N ational b ank currency.
16,871 00
15,801 00
$2,066 00
31,540 00
28,897 00
Gold c o in .............................................
10,105 00
9,627 50
12,005 00
8,590 00
8,525 00
Silver coin............................................
1,575 00
3,290 00
3,677 45
2,315 00
4,000 00
Nickels and c e n ts..............................
545 75
553 90
521 93
441 98
232 51
18,397 59
13,736 21
1,809 02
12,212 47
12,366 27
T o tals............................................
$592,258 47
$574,173 06
$586,547 30
$646,379 17
$620,365 12
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
U nited States bonds.........................
Due from banks in reserve cities..
Exchanges for clearing h o u se .........
Checks and cash ite m s ..................
'
$50,000 00
$50,000 00
$50,000 00
Surplus fu n d .......................................
U ndivided profits, less current ex
penses, interest and taxes p a id ..
40,000 00
40,000 00
40,000 00
40,000 00
40,000 00
20,664 54
18,690 39
19,959 81
18,240 02
21,883 64
Dividends u n p a id ..............................
Commercial deposits subject to
ch e c k .................................................
160,689 96
144,349 87
151,359 74
203,608 67
174,348 30
555 00
219 30
475 00
450 00
1,553 58
6,187 20
635 48
3,287 74
853 88
319,350 39
314,390 60
324,372 97
330,767 74
332,829 30
$592,258 47
$574,173 06
$586,547 30
$646,379 17
$620,365 12
Commercial certificates of d e p o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks outstanding...........
Savings d ep o sits................................
Savings certificates of dep o sit........
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
199
STA TE BANKS OF M ICHIGAN.
No. 264.
COMMERCIAL STATE BANK OF ITHACA, ITHACA.
Organized July 26, 1902.
J a m e s B. C r a w f o r d , P r e s id e n t ; H e n r y E. L e w i s , V ic e P r e s id e n t ; H. J. C r a w f o r d , C a s h ie r ;
L y n n T . M i l l 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 .— Jam es B. Crawford, F rank W. Brown, W illard M. Weller, Charles E. W ebster, H enry
E.
Lewis, F rank H. Horr, I. N. Monfort, Chas. P. Yost, J. N. McCall, M arvin R. Salter, Jas. P. Gibbs.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, '09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
161,502 83
$58,977 52
$65,313 87
$65,450 30
$67,460 83
43,849 00
46,242 75
38,182 75
41,872 45
28,241 20
33
30 62
62 14
648 84
220 43
F u rn itu re and fixtures.....................
2,500 00
2,000 00
2,000 00
2 ,0 0 0 00
2,000 00
O ther real e state...........................
Due from other banks and bankers
(not reserve cities).......................
1,900 00
750 00
750 00
750 00
2,250 00
5,125 99
4,824 60
1,818 21
3,024 37
2,709 96
25,237 78
23,025 30
27,153 86
8,600 22
6,900
414 79
3,469 13
656 41
3,050 00
Loans and discounts.........................
Bonds, m ortgages and secu rities..
Prem ium s paid on bonds.................
O verdrafts............................. ..............
Banking house....................................
Item s in tra n sit.................................
United States bonds
Due from banks in reserve cities. .
Exchanges for clearing house........
[). S. and N ational bank currency .
8,281 00
3,393 00
4,411 00
3,409 00
Gold coin..............................................
705 00
2,650 00
1,015 00
1,585 00
1,650 00
Silver coin............................................
1,200 90
1,990 90
1,109 40
1,764 50
2,115 75
Nickels and c e n ts..............................
21 21
43 90
21 64
Checks and cash ite m s.....................
Totals.
Liabilities
Capital stock paid in.
Surplus
fund
•p
Undivided profits, less current ex
penses, interest and taxes paid
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
21 97
48 10
1,008 84
1,099 46
$151,496 83
$147,397 72
$143,154 28
J,135 49
$117,746 21
$30,000 00
30,000 00
30,000 00
$30,000 00
30,000 00
6,000 00
6,000 00
6,000 00
6 ,000 00
6,000 00
1,744 28
736 50
1,527 08
1,940 60
382 52
47,209 98
45,709 26
41,887 83
32,773 78
26,740 20
Commercial certificates of deposit
87 38
Due to banks and b ankers...........
Certified checks................................
Cashier’s checks outstanding........
Savings dep o sits..............................
12,235 99
12,527 92
12,959 51
13,724 46
14,489 56
Savings certificates of deposit. . . .
54,306 58
52,424 04
50,779 86
45,609 27
40,133 93
$151,496 83
$147,397 72
$143,154 28
3,135 49
$117,746 21
Notes and bills rediscounted........
Bills p a y ab le.............................. i ..
Totals.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BAN KING D EPA RTM EN T,
200
No. 150.
ITHACA SAYINGS BANK, ITHACA.
Organized January 16, 1893.
W m . F. T h o m p s o n , P r e s i d e n t ; J. L e e P o t t s , V ic e P r e s id e n t ; C. A . P r i c e , C a s h ie r ;
R. A . B a r b 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 .— W. F. Thompson, J. B. Crawford. W. M. Weller, J. Lee P otts, John C. Hicks,
F.
H. Horr, F. H. McKay, F. Kellogg, C, A. Price.
Resources.
R eport of
R eport of 1 R e p o rt of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$125,726 57
$113,797 85
$113,786 42
$95,857 32
$110,124 62
Bonds, m ortgages and se cu rities.. .
173,279 25
177,838 00
187,724 00
211,388 91
219,365 91
Prem ium s paid on b o n d s...............
O verdrafts............................................
76 89
1,065 51
263 22
423 95
88-70
B anking house....................................
6,000 00
6,000 00
6,000 00
6,000 00
6,000 00
F u rn itu re and fixtures.....................
4,000 00
4,000 00
4,000 00
4,000 00
4,000 00
3,478 51
2,891 12
61 06
1,833 10
23 08
44,449 29
68,058 98
79,196 75
69,750 60
28,460 41
U. S. and National bank c u rre n cy .
13,716 00
22,779 00
20,594 00
20,601 00
19,142 00
Gold co in .............................................
3,602 50
2,267 50
4,475 00
4,877 50
4,740 00
Silver coin............................................
1,877 30
1,599 00
1,466 60
1,138 00
2,791 00
167 21
Other real estate................................
Due from other banks and bankers
(not reserve cities).........................
Item s in tr a n s it..................................
United S tates b o n d s..........................
Due from banks in reserve c itie s ..
Exchanges for clearing house..........
Nickels and c e n ts..............................
265 06
325 86
326 89
206 74
Checks and cash item s.....................
528 59
1,091 69
474 48
585 54
479 06
T o ta ls............................................
$376,999 96
$401,714 51
$418,368 42
$416,662 66
$395,381 99
Liabilities.
Capital stock paid in .........................
$35,000 00
$35,000 00
$35,000 00
$35,000 00
$35,000 00
17,500 00
17,500 00
17,500 00
17,500 00
17,500 00
1,553 81
1,425 20
4,218 17
3,087 18
61 95
38,024 34
60,000 83
58,469 01
50,573 89
44,768 86
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
Dividends u n p aid...............................
Commercial deposits subject to
ch eck .................................................
Commercial certificates of d e p o sit.
Due to banks and b an k ers...............
Certified checks...................................
Cashier’s checks o u tstanding...........
Savings deposits..................................
77,262 77
76,388 70
69,756 68
70,032 93
66,966 19
Savings certificates of deposit........
197,659 04
211,399 78
233,424 56
240,468 66
216,084 99
$401,714 51
$418,368 42
$416,662 66
$395,381 99
Notes and bills rediscounted..........
Bills p a y a b le .......................................
10,000 00
T o tals............................................
$376,999 96
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
15,000 00
STATE BANKS OF MICHIGAN.
201
No. 387.
CENTRAL STATE BANK, JACKSON.
Organized July 15, 1907.
H.
R. P a g e ,
V ic e P r e s id e n t ; H. C. L o e s e r , S e c o n d V ic e P r e s id e n t ;
C h a r l e s J. H i g g i n s , C a s h ie r ; L . A. W o r c h . A s s i s t a n t C a s h ie r .
P r e s id e n t ;
F. E. P a l m e r ,
D i r e c t o r s — H. R. Page, R ichard Price, Wm. H. Joyce, H. C. Loeser, F. E. Palm er, W. W. W right,
L. R. Welcome, T. B. Taylor, Wesley Sears.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
¿nn.ns and discounts.........................
$195,328 49
$170,424 74
$188,314 13
$219,027 58
$169,594 96
Bonds, m ortgages and securities..
78,420 67
102,708 51
106,397 27
109,489 36
120,597 48
259 70
116 72
2,739 69
Prem ium s paid on hnnds
Overdraft.«............................................
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
Tfems in tra n sit.................................
4,542 06
542 00
3,912 10
549 30
142 65
Due from banks in reserve cities. .
29,999 94
33,681 76
19,312 00
12,634 72
37,722 66
Exchanges for clearing house........
1,428 39
4,883 91
2,487 33
2,210 28
3.024 46
U. S. and N ational bank currency.
10,057 00
12,615 00
12,743 00
11,377 00
6.025 00
F urniture and fixtures.....................
Due from other banks and bankers
Gold co in .............................................
165 00
1,417 50
1,927 50
1,415 00
2,405 00
Silver c o i n ..........................................
836 25
1,839 05
1,643 85
1,661 10
1,614 15
Nickels and cents...............................
30 74
267 46
178 97
135 82
115 29
Checks and cash item s.......................
194 92
592 91
T o tals............................................
$326,003 46
$333,972 84
$342,175 85
$363,616 88
$348,981 34
Liabilities.
Capital stock paid in .........................
$100,000 00
$100,000 00
$100,000 00
$100,000 00
$100,000 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
448 65
1,354 37
1,820 76
2,425 36
1,155 18
65,908 98
64,166 32
71,775 70
81,599 23
72,574 15
8,033 10
4,481 61
5,237 19
13,048 41
5,503 52
709 33
500 00
8 00
fu n d .......................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
S u r p lu s
21 75
Commercial
pheck.
deposits subject to
......................................
Commercial certificates of d ep o sit.
Due to h^nks and h an k ers...............
190 08
23 76
263 23
90
504 33
Savin p's dep o sits................................
87,823 87
92,177 57
95,283 77
99,110 47
100,949 52
Savings certificates of deposit........
38,598 78
46,769 21
42,085 87
41,932 51
43,264 89
T o tals............................................
$326,003 46
$333,972 84
$342,175 85
$363,616 88
$348,981 34
26
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BAN KING D EPA RTM EN T.
202
No. 177.
JACKSON CITY BANK, JACKSON.
Organized January 1, 1865. Reorganized January 1, 1895.
W il l ia m M. T h o m p s o n , P r e s id e n t ; N a t h a n S. P o t t e r , V ic e P r e s id e n t a n d C a s h ie r .
D ir e c t o r s .— Wm. M. Thomason. N. S. P otter, P eter B. Loomis, G. A. M atthews, W. A. Foote,
W alter B. Webb, Richard Waldron, W edworth W. Clarke, Louise T. Danner.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09
and discounts.........................
$941,170 39
$827,348 95
$883,690 23
$900,695 20
$934,176 60
Bonds, m ortgages and securities..
640,552 57
629,213 41
610,712 57
594,250 45
537,712 95
O verdrafts............................................
11,696 79
30,736 79
62,582 03
10,584 58
9,976 49
Banking house....................................
33.000 00
33.000 00
33.000 00
33.000 00
33.000 00
T ,n a n s
Prem ium s paid on b o nds.................
and fix tu res.....................
15.000 00
15.000 00
15.000 00
15.000 00
15.000 00
O ther real e sta te ...............................
Due from other banks and bankers
(not reserve cities).......................
16,649 85
16,649 85
16,649 85
16,649 85
16,649 85
Item s in tra n s it.................................
35,268 72
27,150 42
30,803 49
20,316 29
38,859 07
470,447 41
F u r n itu r e
United S tates bonds.........................
Due from banks in reserve c itie s ..
101,238 64
130,246 79
139,786 06
392,741 17
Exchanges for clearing house.........
8,049 60
8,340 54
5,692 06
6,982 63
5,743 92
U. S. and N ational b ank currency.
62,750 00
61,548 00
67,639 00
60,888 00
81,575 00
Gold c o in .............................................
45,065 00
48,290 00
47,260 00
51,805 00
46,440 00
Silver coin............................................
8,961 30
6,606 60
10,239 75
8,514 30
9,328 50
Nickels and c e n ts..............................
741 90
619 61
308 53
215 38
367 87
Php.cks and cash ite m s.....................
1,607 37
1,279 15
1,186 52
1,300 94
2,603 57
T o tals............................................ $1,921,752 13 $1,836,030 11 $1,924,550 09 $2,112,943 79
$2,201,881 23
Liabilities.
Capital stock paid in .......................
Surplus fu n d .......................................
U ndivided profits, less current ex
penses, interest and taxes paid. .
$200,000 00
$200,000 00
$200,000 00
$200,000 00
$200,000 00
125,000 00
125,000 00
125,000 00
125,000 00
125,000 00
87,849 11
77,015 55
81,473 49
81,723 37
84,675 64
Dividends u n p a id ..............................
Commercial deposits subject to
check .................................................
532,889 84
443,217 85
496,721 51
661,087 04
773,670 19
Commercial certificates of d ep o sit.
322,587 08
331,222 44
364,951 31
326,971 15
312,899 85
Due to banks and b an k ers.............
1,323 24
1,853 78
1,353 78
1,505 55
1,655 55
Certified checks..................................
10,000 00
10,220 00
1,335 77
6,553 52
3,075 00
642,102 86
647,500 49
653,604 23
710,103 16
700,905 00
T o ta ls............................................ $1,921,752 13 $1,836,030 11 $1,924,550 09 $2,112,943 79
$2,201,881 23
110 00
Cashier’s checks outstanding..........
Savings d ep o sits................................
Savings certificates of dep o sit........
Notes and bills rediscounted..........
Bills p a y a b le ......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
203
STA TE BANKS OF MICHIGAN.
No. 186.
JACKSON STATE SAVINGS BANK, JACKSON.
Organized April 1, 1896.
N a t h a n H. W i l l i a m s , P r e s i d e n t ; C h a s . M. S p i n n i n g , C h a s . E. T o w n s e n d , V ic e P r e s id e n t s ;
F. H. N e w k i r k , C a s h ie r .
D i r e c t o r s .— N ath an H. Williams, Chas. E . Townsend, H. H. Neesley, H. J. Davis, Chas. M. Spinning;
W. M. Palm er, H. C. Collins, P. W. Haefner, A. J Peek.
Resources.
R eport of
R eport of
R eport of
Report, of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$441,100 92
$426,853 42
$501,500 84
$527,671 88
$523,710 93
Bonds, m ortgages and securities. . .
333,555 90
320,346 58
310,605 04
315,921 40
324,135 59
O verdrafts............................................
7,515 90
5,173 90
5,190 77
3,279 82
5,974 75
Banking house....................................
50,000 00
50.000 00
50.000 00
50.000 00
50.000 00
F urniture and fixtures.....................
14,500 00
14.000 00
14.000 00
14.000 00
14.000 00
50,600 49
53,318 81
40,876 78
48,271 17
* 51,992 96
113,283 34
Other real estate.
Due from other banks and bankers
Item s in tr a n s it..................................
United States bonds .
Due from banks in reserve cities..
71,918 21
147,272 53
141,712 02
120,549 03
Exchanges for clearing house..........
6,303 57
3,741 31
9,695 87
5,613 96
6,510 77
U. S. and N ational bank currency.
63,636 00
64,827 00
47,231 00
70,624 00
55,703 00
Gold c o in .............................................
8,520 00
115 00
772 50
2,350 00
4,502 50
Silver coin............................................
5,006 30
5,132 80
7,292 70
3,998 80
8,916 50
Nickels and c e n ts..............................
785 23
1,234 20
930 77
334 53
688 43
Checks and cash ite m s.....................
319 13
360 79
356 70
362 39
403 34
T o tals............................................ $1,053,761 65 $1,092,376 34 $1,130,164 99 $1,162,976 98
$1,159,822 11
Liabilities.
Capital stock paid in .........................
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
$100,000 00
$100,000 00
$100,000 00
$100,000 00
$100,000 00
50,000 00
50,000 00
50,000 00
50,000 00
55,000 00
9,123 22
9,425 86
11,567 39
13,553 22
8,908 47
210 00
250 00
Dividends un p aid ..
Commercial deposits subject to
ch eck .................................................
186,427 33
195,936 49
227,834 35
237,986 15
200,916 51
Commercial certificates of d ep o sit.
7,062 97
7,566 06
9,963 42
5,856 13
26,288 07
100 00
2,100 00
160 75
2,100 00
763 33
Savings deposits..................................
535,738 48
563,366 52
559,244 07
580,302 03
600,577 60
Savings certificates of dep o sit........
165,309 65
163,731 41
171,395 01
173,179 45»
167,158 13
Due to hanks and bankers .............
Certified checks...................................
Cashier’s checks o u tstan d in g ...........
lSTnf.es and bills rediscefnnted . .
Dills p a y a b le . .
T o ta ls............................................ $1,053,761 65 $1,092,376 34 $1,130,164 99 $1,162,976 98
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,159,822 11
ST A T E B AN KING D EPA R TM EN T.
204
No. 14.
UNION BANK, JACKSON.
Organized November 1, 1883.
C. C. B l o o m f i e l d , P r e s id e n t ; A. B. R o b i n s o n , F. D. B e n n e t t , V ic e P r e s id e n t s ;
A. C. B l o o m f i e l d , C a s h ie r ; H. A R e e c 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 .— A. B. Robinson, L. H. Field, Thom as A. Wilson, C. C. Bloomfield, Jam es O’Donnell,
F. D. B ennett, W inthrop W ithington, Charles Lewis, Z. C. Eldred.
Resources.
Loans and discounts.........................
Bonds, m ortgages and securities..
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
$994,860 32 $1,106,213 89 $1,180,516 97 $1,103,903 20
$1,130,599 74
461,119 48
448,547 62
442,176 31
443,364 48
455,570 27
O verdrafts............................................
4,153 21
1,782 57
2,451 48
4,387 14
4,830 62
Banking house....................................
65,000 00
65,000 00
65,000 00
65,000 00
65,000 00
F urniture and fixtures.....................
15,000 00
15,250 00
15,000 00
15,000 00
15,000 00
Other real estate................................
Due from other banks and bankers
33,365 20
33,365 20
33,365 20
33,365 20
33,365 20
Item s in tra n sit.................................
78,404 77
57,902 95
38,154 90
71,242 89
32,636 91
Due from banks in reserve c itie s ..
192,209 41
151,754 55
199,819 57
326,588 18
277,037 31
Exchanges for clearing house........
13,744 74
15,080 65
13,427 86
33,004 39
11,734 09
U. S. and N ational bank currency.
47,152 00
50,910 00
57,493 50
4i,037 50
47,798 00
2,050 00
Gold co in .............................................
37,782 50
28,607 50
31,410 00
26,590 00
39,442 50
Silver coin............................................
5,499 50
5,063 95
5,068 65
3,975 55
5,112 55
Nickels and cen ts...............................
375 44
458 22
541 28
289 39
340 00
Checks and cash item s......................
759 91
752 44
1,304 21
603 07
395 53
T o tals............................................ $1,930,483 31 $1,975,506 40 $2,101,173 89 $2,186,105 99
$2,111,840 07
Liabilities.
C apital stock paid in .........................
Surplus fu n d .......................................
Undivided profits, less current expenses, interest and taxes p a id . .
$200,000 00
$200,000 00
$200,000 00
$200,000 00
$200,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
48,398 61
37,605 14
49,653 96
44,218 88
53,519 29
110 00
591 00
354,046 05
Dividends unpaid . .
Commercial deposits subject to
ch eck ........ ........................................
294,525 16
304,844 73
380,827 44
422,507 40
Commercial certificates of d ep o sit.
8,591 25
4,779 37
3,585 31
14,288 88
13,456 78
Due to banks and b an k ers...............
37,263 12
48,484 53
46,901 61
52,541 59
43,403 41
Certified checks..................................
692 87
236 87
105 37
1,632 37
144 37
Cashier’s checks o u tstan d in g ...........
166 92
163 55
163 55
163 55
163 55
Savings d ep o sits................................
1,050,880 18
1,073,688 79
1,098,949 17
1,119,837 87
1,116,018 06
Savings certificates of d eposit........
189,965 20
205,593 42
210,396 48
225,915 45
226,088 56
10,000 00
5,000 00
5,000 00
T o tals............................................ $1,930,483 31 $1,975,506 40 $2,101,173 89 $2,186,105 99
$2,111,840 07
S tate monies on d ep o sit.................
Notes and bills rediscounted...........
Bills p a y a b le .......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
205
STA TE BAN KS OF MICHIGAN.
No. 115.
THE GROSVENOR SAVINGS BANK, JONESVILLE.
Organized March 28, 1891.
E
O G rosa -enj OR, P r e s id e n t ; C h a s . G. W h i t e , V ic e P r e s id e n t ; W m . M . W e t m o r e , C a s h ie r ;
O l i v e r S. W h i t 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 .— Ebenezer O. Grosvenor, John S. Lewis, E dgar A. Wisner, Charles F
Wade, Charles
G. W hite, William M. W etmore, A. Eugene Wisner, Oliver S. White.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$138,430 39
$154,061 13
$114,373 62
$148,583 66
$155,894 50
Bonds, m ortgages and securities. .
93,620 48
88,620 48
89,220 48
95,907 98
98,707 98
O verdrafts.............................................
3,582 48
5,018 55
2,487 88
660 51
5,981 88
*
Due from other banks and bankers
(not reserve cities).......................
5,139 96
1,248 45
Due from banks in reserve c ities..
75,308 50
30,258 84
129,881 32
86,707 99
97,514 62
U. S. and N ational bank c u rre n cy .
13,380 00
13,657 00
13,186 00
13,865 00
12,154 00
Gold co in .............................................
6,445 00
7,430 00
7,770 00
8,210 00
8,502 50
Silver coin...........................................
952 45
670 65
707 90
1,125 65
1,258 10
Nickels and c e n ts ..............................
77 38
143 86
114 53
104 75
72 28
358 16
Checks and cash ite m s.....................
16 57
310 25
71 62
1,111 62
T o tals............................................
$336,953 21
$301,419 21
$357,741 73
$355,595 32
$381,197 48
Liabilities.
Capital stock paid in .......................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
25,000 00
25,000 00
25,000 00
6,083 63
8,126 21
4,061 18
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Commercial deposits subject to
ch eck .................................................
Commercial certificates of d e p o sit.
25,000 00
25,000 00
4,888 57
3,716 49
73,772 98
57,131 43
95,715 88
82,461 60
89,279 14
165,369 80
178,706 59-
188,936 58
211,763 12
1,070 93
862 09
183,291 66
201 49
Due to banks and b a n k e rs.............
2,235 63
231 95
T o tals . . . ? ....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$336,953 21
$301,419 21
$357,741 73
$355,595 32
$381,197 48
STA TE BAN KING D EPA RTM EN T.
206
No. 147.
THE HOME SAVINGS BANK OF KALAMAZOO, KALAMAZOO.
Organized December 27, 1892.
V e r n o n T. B a r k e r , P r e s id e n t ; F r a n k H. M i l h a m , V ic e P r e s id e n t ; J a s . J. O ’M e a r a , C a s h ie r ;
N. S. P o n 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 .— Vernon T. Barker, F. B. O rcutt, H. P. Kauffer, F. H. Milham, H. B . Colman, A . M.
Todd, W. S. Hodges, J. H. Hatfield, W. N. Pom eroy, O. K. Buckhout, Jos. E. Brown, Louis Rosen
baum , H. C. Howard, Morris K ent, W. E. Kidder.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$440,945 05
$501,192 72
$526,964 84
$510,750 38
$506,607 87
Bonds, m ortgages and securities. ..
70,242 31
69,626 06
71,636 88
71,383 77
70,193 77
P r p .m in m s
paid on b o n d s. .
O verdrafts............................................
8,049 82
1,473 03
466 48
1,058 36
1,615 82
Banking house....................................
27,500 00
27,500 00
27,500 00
27,500 00
27,500 00
9,000 00
9,000 00
9,000 00
9,000 00
9,000 00
F urn itu re and fixtures...................
O ther real e sta te .....................
Due from other banks and bankers
(not reserve cities)..............
353 55
10,580 49
6,299 96
Item s in tr a n s it..................................
TTnited States bonds . . .
48,448 15
Due from banks in reserve cities. .
88,788 63
41,738 34
57,912 23
50,644 07
Exchanges for clearing house..........
24,599 63
12,186 68
1,895 22
1,460 59
1,988 23
U. S. and N ational bank currency.
18,621 00
23,366 00
23,393 00
27,636 00
21,493 00
Gold co in .............................................
10,380 00
10,680 00
10,565 00
10,500 00
10,312 50
Silver coin..........................................
1,999 40
2,220 30
2,020 70
1,165 00
1,527 70
Nickels and c e n ts............................
206 26
173 21
343 84
136 05
241 79
$700,332 10
$699,509 89
$737,998 15
$711,234 22
$709,509 32
$100,000 00
$100,000 00
$100,000 00
$100,000 00
$100,000 00
70,000 00
70,000 00
70,000 00
70,000 00
70,000 00
8,514 78
4,104 06
7,514 02
8,962 73
5,270 12
240 00
60 00
Checks and cash ite m s.....................
T o tals............................................
Liabilities.
Capital stock paid in .......................
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
120 00
Dividends u n p aid ...............................
Commercial deposits subject to
ch eck .................................................
130,383 22
155,940 28
154,399 21
144,640 99
140,733 53
Commercial certificates of d ep o sit.
122,085 53
114,785 22
128,977 11
122,598 36
131,867 54
95,765 30
87,968 89
77,186 23
67,249 11
57,134 22
173,583 27
166,471 44
177,585 68
178,087 93
187,103 05
22,275 90
12,279 59
12,290 86
7,415 51.
4,990 00
$711,234 22
$709,509 32
Due to banks and b an k ers........
Certified checks...................................
Cashier’s checks o u tstan d in g ...........
Savings deposits..................................
Savings certificates of d eposit........
S tate monies on d ep o sit.................
Notes and bills rediscounted............
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$700,332 10
$699,509 89
$737,998 15
STATE BANKS OF MICHIGAN.
207
No. 1.
KALAMAZOO SAVINGS BANK, KALAMAZOO.
Organized January 12, 1889.
S. B. M o n r o e , P r e s id e n t ; R . J. W i l l ia m s o n , A. C. W o r t l e y , V ic e P r e s id e n t s ; F. G. D e w e y , C a s h ie r .
D i r e c t o r s .— C. J. Monroe, L. H. Kirby, John Mackey, A. C. W ortley, R. J. Williamson, S. B. Monroe,
V. L. Palm er, E. G. Read, C. A. Peck, A. L. Blumenberg, C. A. Dewing, R alph Em ery, W. O. Jones,
J. W. R yder, A. J. Todd.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$781,695 24
$683,386 45
$737,190 10
$676,084 61
$1,090,355 29
Bonds, m ortgages and se c u ritie s..
330,168 20
446,941 20
516,270 25
542,081 72
167,593 10
O verdrafts............................................
1,193 22
951 29
2,242 18
1,750 38
3,761 19
Now building account-.....................
26,250 00
Banking house....................................
50,000 00
50,000 00
50,000 00
50,000 00
F u rn itu re and fixtures.................
20,000 00
18,500 00
18,500 00
18,500 00
19,015 00
19,015 00
19,015 00
19,015 00
18,415 00
18,483 45
7,479 31
7,628 87
4,844 12
Prem ium s paid on bonds. . .
Other real estate................................
Due from other banks and bankers
(not, reserve cities)
Item s in tra n sit...................
U nited S tates b o n d s.. . .
189,739 79
Due from banks in reserve c itie s ..
197,764 09
141,566 38
186,688 62
75,041 71
Exchanges for clearing h o u se........
15,646 88
26,090 68
16,002 88
20,935 15
24,721 90
U. S. and N ational bank currency.
36,811 00
24,864 00
36,804 00
32,897 00
38,960 00
Gold c o in .............................................
16,950 00
18,105 00
17,972 50
17,530 00
16,935 00
Silver coin............................................
8,956 00
15,105 00
10,630 00
11,173 00
10,349 00
Nickels and cents................................
1,261 13
1,570 35
1,712 00
1,456 72
1,181 90
Checks and cash ite m s.. : .................
2,829 10
8,876 21
13,260 34
10,467 82
4,124 94
T o ta ls............................................ $1,457,023 31 $1,463,950 87 $1,633,916 74 $1,481,777 23
$1,634,637 11
Liabilities.
Capital stock paid in ..........................
Surplus fu n d ........................................
U ndivided profits, less current expenses, interest and taxes paid. .
$50,000 00
$100,000 00
$100,000 00
$100,000 00
$100,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
40,096 10
8,588 19
16,155 80
19,237 20
19,690 68
Unearned d isco u n t............................
Dividends u n p a id . .
Commercial deposits subject to
ch eck .................................................
3,603 96
V
168,362 42
227,321 68
254,094 43
206,711 05
344,563 98
312,399 15
195,119 66
113,196 36
82,034 59
118,503 39
Commercial certificates of deposit
Due to banks and b a n k e rs...............
Certified checks
Cashier’s checks outstanding
Savings d ep o sits.................................
633,229 56
658,853 10
759,824 19
712,772 32
740,253 10
Savings certificates of dep o sit........
202,936 08
224,068 24
314,725 46
272,418 11
260,438 09
Notes and bills rediscounted
1,187 87
25,920 50
35,000 00
T o tals............................................. $1,457,023 31 $1,463,950 87 $1,633,916 74 $1,481,777 23
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,634,637 11
STATE BANKING DEPARTMENT.
208
*KALAMAZOO TRUST COMPANY, KALAMAZOO.
Organized January 11, 1905.
C. J. M o n r o e ,
P r e s id e n t ;
S. B M o n r o e , A. B. C o n n a b l e , V ic e P r e s id e n t s ; F r e d G. D e w e y ,
R. J. W i l l i a m s o n , T r e a s u r e r .
S e c r e ta ry ;
D ir e c t o r s .—-G. L. Gilkey, Jas. H. Hatfield, R alph Em ery, Samuel Folz, Chas. J. Monroe, A. B. Con
nable, O. K. Buckhout, A. C. W ortley, A. M. Stearns, J. D. Burns, Jas. F. Gilmore, V L. Palm er,
L. S. Monroe, O tto Ihling, Lewis H. Kirby, S. B. Monroe, Chas. A. Peck, Dallas Boudeman,
M. H. Lane, A. L. Blumenberg, C. A. Dewing, Benjam in Van Bochove, F. E. Rowe.
Resources.
Collateral loans:
Tim e.
D em and.........
Loans on real estate m ortgages:
In office......................................
W ith S tate T reasurer..............
$5,000 00
$5,000 00
63,133 00
74,923 00
22,213 90
19,413 10
62,850 00
61,812 50
14,729 78
13,584 19
In office..............................
2,600 00
15.000 00
W ith S tate T re a su re r...
13,500 00
19.000 00
O ther loans........................................
Bonds:
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5. ’09. April 28, ’09. June 23, ’09 Sept. 1, ’09.
S to ck s..................................................
Real estate ow n ed......................
17,500 00
O ther in v estm en ts...........................
New build in g ......................................
Advances to tr u s ts .........................
26,250 00
586 25
1,093 43
2,690 40
16,912 52
P rem ium s p aid .................................
Safety deposit v a u lts .....................
F u rn itu re and fixtures...................
Due from approved reserve agents
Due from other banks and bankers
Cash ite m s .......................................
Nickels and c e n ts............................
Silver coin..........................................
Gold c o in ...........................................
3,000 00
3,000 00
$234,053 33
$229,738 74
$150,000 00
$150,000 00
4,000 00
5,000 00
12,036 26
7.242 93
T ru st d ep o sits.............
24,255 30
28,608 51
Reserved for ta x e s .. . .
990 50
990 50
U. S. and N ational bank n o te s ...
T otals.
Liabilities.
Capital stock paid i n . .
Surplus f u n d .......................................
Undivided profits (less expenses
interest and tax es p a id )...............
Dividends unpaid
D eb en tu res...................
1,700 00
F irst m ortgage bonds.
Voucher checks..........
315 00
769 66
O ther liab ilities...........
42,456 27
35,427 14
$234,053 33
1,738 74
Totals.
‘Liquidated.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
209
No. 257.
THE KALKASKA COUNTY STATE AND SAVINGS BANK, KALKASKA.
Organized February 7, 1902.
A m b r o s e E . P a l m e r , P r e s id e n t ; W m . 0 . F r e e m a n , E d g a r B . B a b c o c k , V ic e P r e s id e n t s ;
H a r o l d B . W h a l l e y , C a s h ie r .
D i r e c t o r s .— Ambrose E. Palm er, William C. Freem an, Ed car B. Babcock, George F. Bow, William
Lewis, H arold B. Whalley, Isaac Simpson.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
$66,971 13
$74,521 60
$68,095 16
$66,438 15
$61,613 30
47,373 73
47,532 73
45,623 71
41,591 07
29,485 08
O verdrafts............................................
722 62
932 46
1,052 79
507 46
624 03
Banking house....................................
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
F u rn itu re and fix tu res.....................
2,000 00
2,000 00
2,000 00
2,000 00
2,000 00
O ther real e sta te ................................
Due from other banks and bankers
(not reserve c ities).......................
3,098 83
3,098 83
3,098 83
3,098 83
3,098 83
Item s in tr a n s it. ....... .........................
98 14
313 41
1,461 63
472 08
1,091 50
10,716 95
11,333 55
5,693 10
3,334 92
7,803 70
U. S. and N ational bank currency.
7,849 00
4,235 00
2,878 00
4,197 00
5,070 00
Gold c o in .............................................
6,285 00
6,695 00
6,815 00
6,900 00
7,150 00
Silver coin............................................
3,569 10
3,486 30
2,558 44
2,318 40
1,144 45
Nickels and c e n ts..............................
552 53
150 03
211 06
163 86
211 02
Checks and cash ite m s.....................
53 62
1,230 50
1,143 00
1,040 45
702 38
T o tals............................................
$159,290 65
$165,529 41
$150,630 73
$142,062 22
$129,994 29
Liabilities.
Capital stock paid in .......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
4,000 00
4,000 00
4,000 00
4,000 00
4,000 00
3,006 31
1,699 42
2,704 47
2,629 09
2,404 70
Dividends u n p a id ..........................
Commercial ‘deposits subject to
check .................................................
37,739 31
55,069 12
43,170 06
39,069 82
33,639 05
Commercial certificates of d e p o sit.
49,951 00
40,854 70
’ 42,202 63
38,260 42
36,569 15
44,594 03
41,496 17
38,053 57
38,102 89
33,381 39
2,500 00
500 00
$165,529 41
$150,630 73
$142,062 22
$129,994 29
Loans and discounts.........................
Bonds, m ortgages and securities..
Prem ium s paid on b o n d s.................
U nited S tates bonds.........................
Due from banks in reserve c itie s ..
Exchanges for clearing h o u se........
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes paid. .
Due to banks and b an k ers.............
Certified checks............. .................
Cashier’s checks outstan d in g ..........
Savings d ep o sits................................
Savings certificates of dep o sit........
Notes and bills rediscounted..........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
27
$159,290 65
STATE BANKING DEPARTMENT.
210
No. 425.
THE PEOPLE’S STATE AND SAVINGS BANK, KALKASKA.
Organized January 4, 1909.
A l b e r t E. B o w e r m a n , P r e s id e n t ; S o l o m o n L o e s e r , V ic e P r e s id e n t ; W i l l ia m C h i l d s , C a s h ie r .
D i r e c t o r s .— A lbert E. Bowerman, Soloman Loeser, F rank E. Joy, E dw ard M. Colson, Wm.
K.
Phinney, John Sieting, Geo. H. Sieting, Philip H. Gosling, A lbert O. Peters, Clyde Cole, Claude
Cole, William Childs, Clayton W. Sherwood, Albert A. M cDermott.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$43,684 13
$44,839 29
$49,355 17
Bonds, m ortgages and securities.. .
6,764 65
7,861 22
8,116 22
Prem ium s paid on b o n d s...............
782 47
608 14
878 94
Banking house....................................
O verdrafts...........................................
5.200 00
5.200 00
5.200 09
F u rn itu re and fixtures.....................
2,400 00
2,400 00
2,490 00
O ther real estate................................
Due from other banks and bankers
(not reserve cities).........................
1.200 00
1.200 00
1.200 00
Item s in tr a n s it..................................
1,154 74
205 89
1,014 44
6,398 60
5,572 60
2,736 31
U. S. and N ational b ank currency.
6,515 00
4,090 00
2,479 00
Gold c o in .............................................
1,165 00
1,270 00
700 00
Silver coin............................................
297 20
571 05
225 00
U nited S tates b o n d s ..........................
Due from banks in reserve cities. .
Exchanges for clearing house..........
Nickels and c e n ts...............
14 42
42 19
16 35
Checks and cash item s. . .
634 89
1,184 64
778 77
T o tals............................................
$76,211 10
$75,045 02
$75,100 20
Liabilities.
Capital stock paid in .........................
$18,800 00
$18,800 00
$20,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
149 71
377 73
372 51
Dividends u n p aid ...............................
Commercial deposits subject to
check .................................................
34,941 43
30,364 04
14,751 19
Commercial certificates of d ep o sit.
15,406 87
15,114 04
19,824 45
Due to banks and b an k ers...............
359 75
1,515 08
460 41
3,303 34
5,124 13
8,270 05
3,250 00
3,750 00
11,421 59
$76,211 10
$75,045 02
$75,100 20
Certified checks...................................
Cashier’s checks o u tstan d in g ...........
Savings deposits..................................
Savings certificates of d ep o sit........
Notes and bills re d isc o u n te d ..........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OP MICHIGAN.
211
No. 383.
THE UNION STATE BANK, LAINGSBURG.
Organized November 12, 1907.
A. R o h r a b a c h e r ,
P r e s id e n t ;
F. B. S m i t h ,
V ic e P r e s id e n t ;
W. H . H u n t ,
C a s h ie r .
D i r e c t o r s .— A . R ohrabacher, I. Rohrabacher, F . B . Smith, R. H . Scott, J . D . Houghton, W . H .
Lacy, H. H. Pulver, W. H. H unt, S. P iatt.
Resources.
R eport of
Nov. 27, ’08
R eport of
R eport of
R eport of
R eport of
Feb. 5, ’09. April 28, ’09 June 23, ’09. Sept. 1, ’09,
Loans and discounts.......................
$48,280 72
$42,758 04
$51,333 71
$43,696 78
$45,961 73
Bonds, m ortgages and securities.
37,139 52
37,741 35
38,120 35
38,220 35
35,677 35
Prem ium s paid on b o n d s...........
O verdrafts..........................................
343 86
22 81
110 83
175 02
124 09
Banking house..................................
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
F urniture and fixtures...................
1,719 56
1,800 52
1,800 52
1,890 52
1,800 52
800 00
800 00
800 00
800 00
800 00
Other real e sta te ...........................
Due from other banks and bankers
(not reserve cities)...................
Item s in tra n sit...............................
1,192 38
3,056 91
3,676 35
U nited S tates bonds.......................
Due from banks in reserve cities.
13,841 78
13,516 87
13,919 62
12,947 09
15.263
Exchanges for clearing h ouse........
U. S. and N ational bank currency
4,717 00
2,475 00
4,240 00
4,963 00
6,176 00
Gold c o in .............................................
810 00
1,195 00
1,440 00
1,155 00
1,215 00
Silver coin............................................
100 00
129 00
525 00
800 00
200 00
Nickels and cents.......................
27 89
73 34
130 43
116 44
174 28
Checks and cash item s.......................
45 16
162 94
54 88
387 53
578 39
$111,517 87
$103,174 87
$118,032 25
$107,561 73
$114,147 57
$20,000 00
$20,000 00
$20,000 00
Totals.
Liabilities.
Capital stock paid i n . . .
00
$20,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
76 00
208 00
$20,000
208 00
208 00
353 00
726 55
898 29
1,344 41
1,787 18
1,172 00
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
30.232 54
26,698 63
31.925 40
25,178 16
30,540 52
57,482 78
55,369 95
64.554 44
60,388 39
62,082 05
$103,174 87
$118,032 25
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
Savings certificates of d ep o sit........
Notes and bills rediscounted..........
Bills p a y a b le . . . ................................
T o ta ls ...
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3,000 00
$111,517 87
$107,561 73 . 1114,147 57
STATE BANKING DEPARTMENT.
212
No. 417.
T H E L A K E C I T Y S T A T E B A N K , L A K E C IT Y .
Organized December 21, 1908.
R. M.
B
ie l b y
F
D
ir e c t o r s
.—
,
P r e s id e n t ; S
r a n k
C
o f f e y
in n e m o n
,
A
A s sista n t
, V ic e P r e s id e n t ;
C a s h ie r ; F. W. M e
r d is
F. D.
r r ic k
M
,
c
G
r e g o r
,
C a s h ie r ;
A u d ito r .
F. W. Merrick, R. M. Bielby, Sinnemon Ardis, Orville Dennis, F. D. McGregor.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$45,502 69
$46,979 57
$46,558 84
Bonds, m ortgages and securities. . .
2,764 01
4,792 96
4,793 50
Prem ium s paid on b o n d s. .
57 87
22 23
84 40
Banking house....................................
1,855 00
1,855 00
1,675 00
F urniture and fixtures.....................
956 36
956 36
1,150 04
Other real e sta te ...............................
Due from other banks and bankers
(not reserve cities).........................
4,011 76
4,042 65
4,055 97
13,015 39
14,294 69
12,918 97
O verdrafts......................................
.Items in tr a n s it..................................
U nited S tates b o n d s..........................
Due from banks in reserve c itie s ..
Exchanges for clearing house..........
1,270 00
1,349 00
1,932 00
Gold c o in .............................................
215 00
305 00
285 00
Silver coin............................................
601 85
560 85
474 10
Nickels and c e n ts..............................
49 91
40 38
33 93
Checks and cash item s.....................
4,808 87
2,813 28
489 71
$75,108 71
$78,011 97
$74,451 46
$20,000 00
$20,000 00
$20,000 00
300 00
300 00
300 00
1,008 76
1,444 48
1,582 02
U. S. and N ational bank cu rre n cy .
T o tals.......................
Liabilities.
Capital stock paid in .......................
Surplus fu n d ...........................
Undivided profits, less current ex
penses, interest and taxes paid
Dividends u n p aid ................
Commercial deposits subject to
ch eck .................................................
17,180 61
18,444 09
15,210 15
Commercial certificates of d ep o sit.
36,619 34
37,823 40
37,359 29
$75,108 71
$78,011 97
$74,451 46
Due to banks and b an k ers...............
Certified checks.................................
Cashier’s checks o u tstan d in g ...........
Savings deposits..................................
/
Savings certificates of d ep o sit........
Notes and bills re d isc o u n te d ..........
Bills p a y a b le .......................................
T o tals......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
213
STATE BANKS OF MICHIGAN.
*
No. 283.
FARMERS’ AND MERCHANTS’ BANK OF LAKE ODESSA.
Organized October 10, 1903.
J. J. E c k a r d t ,
P r e s id e n t; G e o .
A, W e e d ,
V ic e P r e s id e n t ; S a m u e l V e l t e , C a s h ie r .
D i r e c t o r s .— J. J. E ckardt, Wilson E lliott, I. N. Raym ond, John Wagner, Geo. A. Weed, Jacob F.
Velte, P erry Allarding, E. W. Durkee, W. S. Augst.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
899,811 32
$96,157 45
$103,454 99
$104,112 55
$106,675 93
Bonds, m ortgages and se c u ritie s..
42,829 70
44,844 70
52,794 70
55,414 50
58,749 50
Prem ium s jjaid on b o n d s.................
O verdrafts............................................
74 21
440 93
254 23
191 97
19 08
Banking house....................................
4,700 00
4,700 00
4,700 00
4,700 00
4,700 00
F u rn itu re and fixtures.....................
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
561 00
605 00
1,564 31
5,338 00
7,463 38
22,532 49
22,213 11
23,263 55
5,594 94
O ther real estate................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
U nited States b o n d s....................
Due from banks in reserve c itie s ..
E xchanges for clearing house........
U. S. and N ational bank currency.
9,421 00
3,194 00
4,995 00
4,189 00
7,990 00
Gold c o in .............................................
5,005 00
5,160 00
5,180 00
5,180 00
5,230 00
1,770 90
Silver coin............................................
1,462 95
2,025 35
1,245 70
1,787 15
Nickels and cen ts...............................
110 73
97 34
78 47
122 01
114 41
Checks and cash item s.......................
162 58
308 87
4,538 00
478 97
1,730 29
T o tals............................................
$173,540 87
$182,522 13
$202,559 20
$203,504 01
$200,413 05
Liabilities.
Capital stock paid in ............'............
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
3,000 00
4,000 00
4,000 00
4,000 00
5,000 00
2,496 71
1,214 25
2,027 77
2,830 55
1,666 16
D ividends u n p a id ..............................
Commercial deposits subject to
ch eck.................................................
6 50
101 00
3 00
3 00
24 50
16,355 61
19,449 75
16,911 22
19,597 08
22,043 77
Commercial certificates of d ep o sit.
1,969 90
6,969 90
5,969 90
4,769 90
6,617 40
Savings d ep o sits................................
43,508 76
46,307 80
45,376 59
50,524 11
53,769 49
Savings certificates of deposit........
81,203 39
79,479 43
98,270 72
91,779 37
81,291 73
5,000 00
5,000 00
5,000 00
$202,559 20
$203,504 01
$200,413 05
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
S tate monies on d ep o sit...................
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$173,540 87
$182,522 13
214
STATE BANKING DEPARTMENT,
No. 41.
LAKE ODESSA STATE SAVINGS BANK, LAKE ODESSA.
Organized May 22, 1888.
G e o . L i v e r t o n , P r e s i d e n t ; P e h r y F. H i n e s , V ic e P r e s id e n t ; W. J. P e r c i v a e , C a s h ie r S h e r m a n I. S t r o n g , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— Geo. Liverton, P erry F. Hines, Louis Krieger, R. A. Colwell, John K lahn, Wm. McCartney.
Resources.
Loans and discounts.......................
Bonds, m ortgages an d se c u ritie s ..
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, '08. Feb. 5, ’09. April 28, ’09 June 23, ’09 Sept. 1, ’09.
109,671 96
$72,690 52
$62,014 55
$58,470 54
$64,269 45
48,415 33
49,271 00
56,277 25
58,445 25
55,146 25
Prem inm s paid on b o n ds.................
O verdrafts...........................
2,407 58
296 27
755 62
913 52
1,635 99
Banking house..................................
2,000 00
2,000 00
2,000 00
2,000 00
2,000 00
F u rn itu re and fix tu res.....................
1,905 50
1,905 50
1,905 50
1,905 50
O ther real e sta te ................................
Due from other banks and bankers
(not reserve cities).......................
2,049 87
3,450 00
Item s in tra n s it..................................
United States bonds.........................
Due from banks in reserve cities. .
20,561 34
13,318 34
25,986 51
23,799 74
18,165 44
Exchanges for clearing house........
U. S. and N ational b an k currency.
4,083 00
6,799 00
4,361 00
5,411 00
7,373 00
Gold c o in .......................................
4,330 00
4,640 00
5,050 00
5,090 00
5,565 00
Silver coin......................................
1,205 55
1,872 05
1,690 10
621 75
861 60
Nickels and c e n ts..............................
148 97
147 68
92 82
81 05
81 18
Checks and cash ite m s.....................
1,206 26
744 40
1,116 66
1,568 64
1,751 02
T o tals............................................
$156,601 99
$153,502 81
$160,181 66
$158,546 84
$162,692 75
Liabilities.
C apital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
Surplus fu n d ...............................
Undivided profits, less current ex
penses, interest and taxes p a id . .
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
3,548 82
2,526 74
3,951 84
4,217 32
3,071 77
Dividends u n p a id ..............................
Commercial deposits subject to
check ...........................................
48 00
27 00
20,709 60
17,554 03
22,331 01
20,943 52
19,894 58
Commercial certificates of d ep o sit.
Due to banks and b an k ers.............
Certified checks..................................
Cashier’s checks outstan ding..........
Savings d ep o sits................................
16,318 51
15,135 67
15,755 43
15,837 30
15,562 96
Savings certificates of d ep o sit........
85,977 06
88,259 37
88,143 38
87,548 70
94,163 44
$156,601 99
$153,502 81
$160,181 66
$158,546 84
$162,692 75
Notes and bills red isco u nted..........
Bills p a y a b le .......................................
T o tals.........................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
215
STATE BANKS OF MICHIGAN.
No. 300.
THE FARMERS’ AND MERCHANTS’ STATE BANK, LAKE VIEW.
Organized October 27, 1904.
J o h n H. J e n s e n , P r e s id e n t ; G e o . E. H u m is t o n , V ic e P r e s id e n t ; L. P. S o r e n s o n , C a s h ie r .
D i r e c t o r s .— John H. Jensen, Geo. E. Hum iston, August Keppe, Lars P. Sorenson,
S.
F. Kennedy, F rank Moore, Chester Stebbins.
Resources.
J. J. Bale,
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$69,629 25
$64,831 66
$61,268 94
$63,277 55
$69,911 11
Bonds, m ortgages anfi securities. . .
42,804 52
42,935 52
42,245 27
42,280 27
45,890 88
Prom in ms paid on b o n d s. .
O verdrafts............................................
783 94
941 00
594 03
124 44
1,043 64
Banking house.....................................
4.500 00
4.500 00
4.500 00
4.500 00
4.500 00
F urniture and fixtures................... '.
1,375 00
1,375 00
1,375 00
1,375 00
1,375 00
Other real e sta te ................................
Due from other banks and bankers
(not- reserve cities). .
9.500 00
9.500 00
9.500 00
9.500 00
9.500 00
13,575 42
16,936 92
28,850 16
32,902 35
16,814 11
Tf.fvms in transit,
United S tates b o n d s. . . .
Due from banks in reserve cities. .
FNchances for Hearing house.. . .
U. S. and N ational bank currency.
6,813 00
3,887 00
5,123 00
4,096 00
3,473 00
Gold co in .............................................
2,840 00
3,090 00
3,110 00
3,260 00
3,405 00
Silver coin............................................
860 30
1,206 00
347 50
375 00
955 00
Nickels and c e n ts..............................
137 50
212 60
68 29
103 02
86 03
Checks and cash ite m s.....................
781 83
1,286 72
486 10
369 98
109 90
T o tals............................................
$153,600 76
$150,702 42
$157,468 29
$162,163 61
$157,063 67
Liabilities.
Capital stock paid in ..........................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
1,482 00
1,860 25
1,860 25
1,860 25
1,860 25
6,869 74
3,976 27
4,457 63
5,127 15
5,231 25
Dividends unpaid .
Commercial deposits subject to
ch eck .................................................
105 00
30 00
21,792 18
24,582 81
25,389 34
26,033 69
21,097 50
Commercial certificates of d ep o sit.
20,741 80
15,211 36
24,505 84
28,578 17
40,262 12
D u e to
banks and bankers. . .
Certified checks...................................
Cashier’s checks o u tstan d in g ..........
Savings deposits..................................
15,106 38
14,114 11
16,539 21
16,835 60
17,365 52
Savings certificates of dep o sit........
62,608 66
60,852 62
59,686 02
58,728 75
46,247 03
$157,468 29
$162,163 61
$157,063 67
5.000 00
Notes and bills rediscounted........
Pills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$153,600 76
$150,702 42
216
STATE BANKING DEPARTMENT.
No. 133.
THE LANSING STATE SAVINGS BANK, LANSING.
Organized February 25, 1892.
H
o r a t io
H. L a r n e d ,
P r e s id e n t ; F r e d e r i c k T h o m a n , V ic e P r e s id e n t ;
J. E d w a r d R
o e , C a s h ie r .
D i r e c t o r s .— H oratio H. Larned, J. H enry Moores, Frederick Tlioman, Charles F. Ham m ond, R obert
M. M ontgomery, Louis Beck, H arry A. Haze, Louis L. S attler, Gottlieb H. Ziegler, J. E dw ard Roe.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$602,818 33
$613,994 47
$618,178 13
$598,650 30
$592,069 14
Bonds, m ortgages and securities..
277,075 24
248,619 12
298,172 98
341,060 42
363,961 18
Prem ium s paid on b o n d s.................
1,171 77
1,171 77
1,193 47
2,780 13
2,780 13
O verdrafts.............................................
1,045 69
1,802 50
390 50
945 93
1,329 27
Banking house....................................
44,500 00
44,500 00
44,500 00
44,500 00
44,500 00
F u rn itu re and fixtures.....................
7,689 14
7,000 00
7,150 00
7,000 00
7,000 00
O ther real e s ta te ................................
Due from other banks and bankers
(not reserve cities)........................
11,899 92
11,899 92
18,299 92
16,099 92
15,099 92
Item s in tra n s it..................................
1,606 15
907 42
435 39
506 79
61 38
189,356 09
U nited States bonds.........................
Due from banks in reserve c itie s ..
55,069 62
92,589 72
165,910 33
160,104 99
E xchanges for clearing h o u se ........
12,679 86
7,812 50
12,291 96
11,860 57
10,484 20
U. S. and N ational b ank currency.
49,206 00
47,962 00
46,154 00
60,383 00
49,571 00
Gold co in .............................................
24,410 00
24,460 00
24,030 00
24,895 00
24,100 00
Silver coin............................................
4,596 00
4,700 00
4,150 00
4,800 00
4,100 00
Nickels and cen ts................................
510 44
477 15
636 42
550 00
533 60
Checks and cash item s.......................
6,737 90
8,149 84
6,282 03
6,088 87
8,081 71
T otals............................................ $1,101,016 06 $1,116,046 41 $1,247,775 13 $1,280,225 92
$1,313,027 62
Liabilities.
Capital stock paid in ..........................
Surplus fu n d ........................................
Undivided profits, less current expenses, interest and taxes paid. .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
$150,000 00
$150,000 00
$150,000 00
$150,000 00
$150,000 00
40,000 00
42,000 00
42,000 00
42,000 00
45,000 00
11,487 27
7,414 60
11,380 51
14,193 60
10,457 78
115 94
138 00
390,263 56
353,713 72
450,288 09
439,131 89
442,477 56
9,464 39
8,902 24
19,907 82
9,633 33
31,908 85
Savings d ep o sits................................
255,769 59
273,028 76
278,812 32
290,212 74
293,691 52
Savings certificates of d ep o sit........
244,031 25
272,352 50
295,386 39
320,320 61
323,712 07
14,733 75
15,641 84
T otals............................................ $1,101,016 06 $1,116,046 41 $1,280,775 13 $1,280,225 92
$1,313,027 62
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
S tate deposit........................................
8,518 65
Notes and bills rediscounted...........
Bills p a 3^able.......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
STATE BANKS OP MICHIGAN.
217
No. 271.
LAPEER SAVINGS BANK OF LAPEER.
Organized September 19, 1902.
B . F. L o d e r , P r e s id e n t ; E
S. H o u g h , V ic e P r e s id e n t ; G e o r g e R . B u c k ,
L. B a l d w i n , A s s i s t a n t C a s h ie r .
dgar
R.
C a s h ie r ;
D i r e c t o r s .— B. F. Loder, L. S. Higley, E. S. Hough, John McLennan, M atthias Caley, G. R. Buck.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$105,373 66
$109,747 15
$115,129 14
$126,588 30
$121,166 88
Bonds, m ortgages and securities..
108,953 50
109,814 50
131,213 02
136,368 02
» 138,468 02
O verdrafts.............................................
216 00
716 99
379 52
1,353 71
1,427 53
Banking house....................................
•
F urniture and fix tu res.....................
2,400 00
2,200 00
2,200 00
2,200 00
2,100 00
29,708 82
33,873 92
26,094 10
20,605 71
23,613 93
U. S. and N ational bank c u rre n c y .
3,668 00
6,838 00
7,793 00
2,802 00
4,295 00
Gold co in .............................................
7,880 00
7,840 00
8,197 50
8,402 50
8,290 00
Silver coin............................................
282 95
659 65
743 60
1,385 25
1,782 35
Nickels and c e n ts..............................
58 74
133 59
150 71
127 71
229 87
Checks and cash items......................
110 00
654 58
80 00
266 84
251 59
T o tals............................................
$258,651 67
$272,478 38
$291,980 59
$300,100 04
$301,625 17
Liabilities.
Capital stock paid in ........................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
2,750 00
3,000 00
3,000 00
3,000 00
3,259 00
2,845 90
1,170 81
1,835 29
1,534 22
620 26
22,932 40
27,772 90
27,095 95
27,347 78
Prem ium s paid on bonds.................
O ther real e sta te .............................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n s it...................
United S tates bonds............ ............
Due from banks in reserve c itie s ..
Exchanges for clearing house.........
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ............................
Commercial deposits subject to
ch eck .................................................
•
24,274 02
Commercial certificates of d e p o sit.
Due to banks and bankers
Certified eheeks. . .
Cashier’s checks o u tsta n d in g .. ..
Savings d ep o sits.................................
44,686 72
46,341 40
51,827 98
51,941 68
52,611 61
Savings certificates of dep o sit........
159,095 03
174,033 77
182,544 42
191,528 19
192,795 52
$258,651 67
$272,478 38
$291,980 59
$300,100 04
$301,625 17
Notes and bills red isco unted...........
Bills p a y a b le . . .
.
T o tals............................................
28
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
218
No. 117.
THE STATE SAVINGS BANK OF LAPEER, LAPEER.
Organized May 9, 1891.
C h e s t e r G. W h i t e , P r e s id e n t ; E d m u n d B r o w n e l l , V ic e P r e s id e n t ; J . K. J o h n s o n , C a s h ie r ;
K i r k W h i t 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 .— Chester G. W hite, Geo. W. Rood, E dm und Brownell, K irk W hite, Ripley W hite, Wm. B.
Williams, Chas. H. Rood.
Resources.
R eport of
Nov. 27, ’08
R eport of
R eport of
R eport of
R eport of
Feb. 5, ’09. April 28, ’09 June 23, ’09. Sept. 1, ’09.
Loans and discounts......................
$67,346 83
$69,996 83
$76,829 73
$86,129 73
$74,129 73
Bonds, m ortgages and securities.
356,452 60
358,309 99
355,644 68
346,519 68
345,791 68
Prem ium s paid on b o n d s.............
O verdrafts........................................ .
46 04
B anking house..................................
F u rn itu re and fixtures...................
O ther real estate...........................
Due from other banks and bankers
(not reserve cities).....................
8,966 90
5,611 43
Item s in tr a n s it................................
United S tates b o n d s........................
Due from banks in reserve cities.
41,158 25
41,775 59
41,775 59
42,402 21
42,402 21
19,000 00
19,000 00
20,000 00
20,000 00
19,700 00
$492,970 62
,082 41
$494,250 00
$500,663 05
$482,023 62
$45,000 00
$45,000 00
$45,000 00
$45,000 00
$45,000 00
20,000 00
20,000 00
20,000 00
20,000 00
20,000 00
32,705 01
27,874 38
35,014 66
32,161 19
27,206 47
9,964 45
645 42
395,265 61
386,243 58
393,589 92
403,498 86
388,184 58
$492,970 62
.082 41
,250 00
,663 05
$482,023 62
Exchanges for clearing house..........
U. S. and N ational b ank currency
Gold c o in .............................................
Silver coin...........................................
Nickels and c e n ts..............................
Checks and cash ite m s.....................
Totals.
Liabilities.
Capital stock paid i n . ..
Surplus fu n d ....................................
Undivided profits, less current ex
penses, interest and taxes paid
Dividends u n p aid ...........................
Commercial deposits subject to
ch eck .............................................
Commercial certificates of deposit
Due to banks and b an k ers...............
1,632 57
Certified checks...................................
Cashier’s checks o u tstan d in g ..........
Savings deposits..................................
Savings certificates of d ep o sit........
Notes and bills re d isco u n ted ...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
219
No. 201.
STATE SAVINGS BANK OF LAURIUM, LAURIUM.
Organized November 6, 1897.
J o h n s o n V i v i a n , P r e s id e n t ; W il l ia m H. T h i e l m a n , V ic e P r e s id e n t ; J a m e s T . F i s h e r , C a s h ie r ;
E d w a r d P . B a s 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 .— Johnson Vivian. Jam es M acNaughton, W illiam H. Thielm an, F rank 8. Carlton, J. P.
Peterm an, Jam es A. Torreano, Jam es T. Fisher.
Resources.
R eport of
R enort of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb'. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
T.on.ns and discounts.........................
$603,256 27
$581,263 71
$559,544 94
$619,456 47
$611,042 34
Bonds, m ortgages and se c u ritie s..
163,374 34
171,914 83
180,819 83
180,675 21
181,114 33
Prem ium s paid on b o n d s.................
O verdrafts.............................................
1,990 32
282 71
2,913 75
218 66
1,214 09
B anking house....................................
37,500 00
37,500 00
37,500 00
37,500 00
37,500 00
O ther real e sta te ...............................
Due from other banks and bankers
(not reserve cities).......................
15,446 89
31,567 88
30,175 84
11,323 78
11,615 90
Item s in tra n s it.................................
8,830 73
9,241 05
6,765 46
9,201 75
’ 3,397 15
Due from banks in reserve c itie s ..
78,077 49
99,066 91
79,609 89
99,020 56
122,461 75
Exchanges for clearing h o u se........
4,608 00
8,040 08
14,622 53
U. S. and N ational bank currency.
35,958 00
60,146 00
70,287 00
41,559 00
21,932 00
F u rn itu re and fixtures...................
United States bo n d s.........................
5,049 82
Gold c o in ...........................................
6,017 50
4,815 00
1,785 00
2,072 50
3,262 50
Silver coin............................................
5,770 00
5,940 00
6,205 00
1,854 00
5,031 00
Nickels and c en ts................................
650 44
767 16
496 43
581 96
259 94
Checks and cash item s.......................
1,141 69
4,866 69
5,699 17
4,680 49
1,501 30
$996,424 84 $1,008,144 38
$1,005,382 12
T o ta ls............................................
Liabilities.
Capital stock paid in ..........................
$962,621 67 $1,015,412 02
$75,000 00
$75,000 00
$75,000 00
$75,000 00
$75,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
26,226 57
28,428 66
29,610 46
29,296 27
36,672 09
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
294,669 91
354,510 68
307,466 51
293,020 17
309,006 39
Commercial certificates of deposit .
2,881 22
5,140 94
9,972 96
7,876 51
2,223 85
Due to banks and b an k ers...............
1,348 62
783 09
745 88
25,784 83
213 82
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest an d taxes p a id . .
Certified checks..................................
500 00
500 00
Cashier’s checks o u tsta n d in g ...........
Savings d ep o sits.................................
413,139 43
382,959 38
399,890 85
386,782 95
386,918 72
Savings certificates of d ep o sit........
49,355 92
68,089 27
68,738 18
87,383 65
92,847 25
5,000 00
2,500 00
2,500 00
S tate monies on d e p o sit.................
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$962,621 67 $1,015,412 02
$996,424 84 $1,008,144 38 ’ $1,005,382 12
STATE BANKING DEPARTMENT.
220
No. 8.
THE PEOPLE’S BANK OF LESLIE.
Organized December 24, 1886.
Corporate existence extended December 24, 1906.
A r t h u r J . T u t t l e , P r e s i d e n t ; M. L . C a m p b e l l , V ic e P r e s id e n t ; A . L . D o w i .i n g , C a s h ie r .
D i r e c t o r s .— M. I. Covert, O. V. T uttle, A rthur J. T uttle, F. E. Haynes, M. L. Campbell,
F anny R. H aynes, A. L. Dowling.
Resources.
R eport of
R eport of
R eport of
Report of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Loans and discounts.........................
$130,841 02
$130,517 68
$126,606 58
$129,135 36
$134,586 65
Bonds, m ortgages and securities..
39,949 80
41,135 80
47,385 80
48,235 80
49,185 80
p re m iu m s
paid on bonds. . .
O verdrafts.............................................
447 70
1,610 07
980 56
866 34
559 11
B anking house....................................
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
2,356 62
2,356 62
2,947 74
957 61
181 04
1,095 60
1,709 33
9,951 04
21,934 77
21,067 63
31,358 37
31,820 87
U. S. and N ational bank cu rre n cy .
7,735 00
3,611 00
4,395 00
5,985 00
2,198 00
Gold c o in .............................................
5,947 50
7,142 50
8,217 50
8,952 50
8,942 50
Silver coin............................................
872 50
675 50
714 20
1,691 10
843 00
Nickels and c e n ts..............................
120 13
120 19
150 01
120 13
75 08
Checks and cash ite m s.....................
1,185 59
206 41
543 09
161 61
709 36
T o ta ls............................................
$204,854 64
$212,768 15
$212,741 41
$230,101 81
$233,129 70
Liabilities.
Capital stock paid in .......................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
4,346 20
1,672 82
3,718 48
4,369 35
2,932 72
Commercial deposits subject to
ch eck .................................................
52,109 97
59,612 00
57,407 70
61,121 08
58,396 82
Commercial certificates of d ep o sit.
93,398 47
96,483 33
91,615 23
104,611 38
111,800 16
10,000 00
10,000 00
10,000 00
$212,741 41
$230,101 81
$233,129 70
F u r n itu r e
and
f i x t u r e s .........................
O th e r re a l e s ta te
Due from other banks and bankers
(not r e s e r v e p itie s ') . .
Item s in tra n s it.................................
IT n ite d
States bonds.....................
Due from banks in reserve citie s. .
F.xpbanges for plearing house
Surnlus fu n d .....................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
D iv id e n d s u n p a id
Due to banks and b an k ers.............
O ort,i fie d oh eek s .............
Cashier’s checks o u tstan ding........
Savings d ep o sits................................
Savings certificates of d ep o sit........
S tate monies on d ep o sit...................
Notes an d bills rediscounted........
Bills p a y a b le .......................................
5,000 00
5,000 00
T o tals............................................
$204,854 64
$212,768 15
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
221
STATE BANKS OF MICHIGAN.
No. 184.
LEXINGTON STATE BANK, LEXINGTON.
Organized January 29, 1896.
J o h n B e l l , P r e s id e n t ; A l e x . C r t j ic k s h a n k , V ic e P r e s id e n t ; T h e o d o r e W ix 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 .— A. E . Sleeper, John Bell, John P . Niggeman, Alex. Cruickshank, F rank Mathews,
Jam es Colback.
Resources.
Loans and discounts.........................
Bonds, m ortgages and se c u ritie s...
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
$75,048 41
$66,306 95
$68,982 61
$69,982 80
$67,885 12
7,683 00
6,183 00
8,637 75
9,059 00
11,153 79
311 92
59 38
14 14
2,500 00
2,500 00
Prem ium s pfiid on bunds
O verdrafts
177 31
Banking house....................................
2,500 00
2,500 00
2,500 00
F u rn itu re and fixtures.....................
2,000 00
2,000 00
2,000 00
2,100 00
2,200 00
Other real e sta te ................................
Due from Other banks and bankers
(not reserve pities)
4,435 00
4,435 00
4,435 00
4,435 00
1,900 00
507 15
76 13
1,471 30
22,185 18
25,779 71
19,398 50
16,432 16
28,427 81
U. S. and N ational bank currency.
5,259 00
3,964 00
4,439 00
4,342 00
6,832 00
Gold c o in .............................................
2,295 00
2,550 00
2,660 00
1,200 00
1,230 00
Silver coin............................................
934 30
1,287 95
1,236 65
1,589 80
412 25
Nickels and c e n ts..............................
63 54
117 14
85 80
111 35
94 15
Checks and cash ite m s.....................
229 90
189 32
129 05
26 32
101 86
T o tals............................................
$123,452 40
$115,448 58
$115,989 80
$111,778 43
$123,172 30
Liabilities.
Capital stock paid in ..........................
$20,000 00
258 01
Ttems in tran sit
United S tates bonds
Due from banks in reserve c itie s ..
E x c h a n g e s f o r p le a r i n g b o u s e
$20,000 00
$20,000 00
$20,000 00
$20,000 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a i d ..
1,800 00
2,000 00
2,000 00
2,000 00
2,000 00
2,504 61
1,118 44
1,693 55
1,852 73
2,086 82
Dividends u n p aid ..
Commercial deposits subject to
ch eck .................................................
24,563 90
16,810 45
19,157 27
16,897 06
25,581 49
Commercial certificates of d e p o sit.
74,583 89
75,519 69
73,138 98
70,035 15
73,503 99
993 49
Due to banks and bankers. . .
Certified phepks ..
Cashier’s phepks outstanding
Sayings d ep o sits.. .
Savings perf.ifipates of deposit
Notes and bills rediscounted ..
Bills pava.ble
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$123,452 40
$115,448 58
$115,989 80
$111,778 43
$123,172 30
STATE BANKING DEPARTMENT,
222
No. 408.
LITCHFIELD STATE SAYINGS BANK, LITCHFIELD.
Organized August 3, 1908.
C h a s . G. S h e r k , P r e s id e n t ; G e o . P. B e n e d i c t , V ic e P r e s id e n t ; H
arry
S. S a c k e t t ,
C a s h ie r .
D i r e c t o r s .— Chas. G. Sherk, E dw ard Baily, Geo. P. Benedict, L. C. Feighner; J. H. R andall,
W. R. Freem an, F. S. Sa kett.
Resources.
Loans and discounts.........................
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
$12,527 72
Bonds m ortgages and securities. .
$15,200 03
$19,915 88
$19,071 51
$19,331 47
2,900 00
12,200 00
10,200 00
12,400 00
317 00
312 39
312 39
31 77
8 05
Prem ium s paid on b o n d s.................
O verdrafts............................................
51 02
448 63
Expenses, interest and taxes p a id .
107 94
315 46
89 82
Banking house....................................
3,785 00
3,785 00
3,785 00
3,785 00
3,785 00
F urn itu re and fixtures.....................
1,177 39
1,286 53
1,506 92
1,506 92
1,506 92
Books and supplies............................
182 15
O ther real estate................................
Due from other banks and bankers
(not reserve c itie s).......................
1,586 03
707 97
7,862 21
11,316 35
10,372 92
10,052 48
5,648 27
Item s in tra n sit..................................
United States bonds.........................
Due from banks in reserve cities. .
Exchanges for clearing h o u se........
2,429 00
3,015 00
2,929 00
3,354 00
2,949 00
Gold c o in .............................................
95 00
250 00
335 00
445 00
550 00
Silver coin............................................
461 80
516 55
363 85
357 95
69 55
Nickels and cents................................
39 00
37 83
44 09
85 49
52 68
TT. S. and N ational b ank c u rre n c y .
Checks and cash item s.......................
1,071 93
52 58
11 08
153 07
T o ta ls............................................
$31,376 19
$39,779 35
$51,912 06
$49,213 59
$46,766 40
Liabilities.
Capital stock paid in ..........................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
136 22
262 42
9,241 32
6,425 41
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id . .
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
.
4,330 57
10,829 46
9,599 37
52 47
47 50
Commercial certificates of dep'osit.
Due to banks and b an k ers...............
Certified checks..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits.................................
788 42
1,058 95
3,369 96
2,388 46
2,630 23
Savings certificates of d ep o sit........
6,257 20
7,838 47
18,895 23
17,447 59
17,448 29
$31,376 19
$39,779 35
$51,912 06
$49,213 59
$46,766 40
Notes and bills red isco unted..........
Bills p a v a b le .......................................
T o tals.............. .............................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
223
STATE BANKS OF MICHIGAN.
No. 360.
THE CITY STATE BANK OF LOWELL.
Organized January 29, 1907.
A. W. W e e k e s ,
P r e s id e n t ;
H. A. P e c k h a m ,
V ic e P r e s id e n t ;
T. A. M u r p h y ,
C a s h ie r .
D i r e c t o r s . —J. S. Bergin, F. W. H inyan, T. A. M urphy, R. J. Flanagan, H. A. Peckham , R. Van Dyke,
W. A. W atts, A. W. Weekes, Wm. T. Condon, D. G. Look.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’C9. June 23, ’09. Sept. 1, ’09.
Loans an d discounts.........................
$73,505 03
$72,611 46
$82,581 38
$78,087 58
$82,444 72
Bonds, m ortgages and securities. . .
57,072 82
55,656 45
52,085 40
54,870 95
54,820 95
506 74
175 67
206 57
3,500 00
3,500 00
3,500 00
14 00
81 00
27,525 51
Prem ium s paid on b o n d s...............
O v erd rafts:...........................................
Banking house....................................
F urn itu re and fixtures.....................
3,500 00
3,500 00
O ther real e state...............................
Due from other banks and bankers
(not reserve cities).........................
Item s in tr a n s it..................................
3,823 55
U nited S tates b o n d s..........................
Due from banks in reserve cities..
15,074 51
20,917 47
15,055 16
29,252 40
Exchanges for clearing house..........
33 23
20 83
153 66
171 20
457 81
U. S. and N ational bank currency.
6,628 00
5,248 00
7,326 00
6,043 00
6,969 00
Gold c o in .............................................
3,135 00
2,482 50
3,062 50
3,508 00
3,938 00
Silver coin............................................
863 20
893 90
475 05
1,028 70
797 35
Nickels and c e n ts..............................
117 78
86 11
44 13
55 93
89 97
Checks and cash ite m s.....................
533 99
172 02
307 60
327 01
102 66
T o tals............................................
$164,287 11
$161,588 74
$165,097 62
$177,034 44
$180,933 54
Liabilities.
Capital stock paid in .........................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
500 00
500 00
500 00
750 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes paid. .
1,702 91
243 48
1,187 39
761 89
645 35
Dividends u n p aid ...............................
Commercial ‘deposits subject to
ch eck .................................................
54,114 36
48,033 93
41,075 06
55,726 46
51,166 47
Savings deposits..................................
51,030 68
56,106 46
56,459 85
57,574 51
65,121 34
Savings certificates of dep o sit........
32,439 16
31,704 87
40,875 32
37,471 58
38,250 38
$164,287 11
$161,588 74
$165,097 62
$177,034 44
$180,933 54
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks...................................
Cashier’s checks o u tstan d in g ...........
Notes and bills rediscounted ..........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
224
No. 111.
THE LOWELL STATE BANK, LOWELL.
Organized January 22, 1891.
C h a r l e s M c C a r t y , P r e s id e n t : E. L. B e n n e t t , V ic e P r e s id e n t ; D. G. M a n g e , C a s h ie r ;
J e s s e I v . F i s h 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 .— Charles McCarty, E. L. B ennett,
D.
Resources.
Loans and discounts.........................
Bonds, m ortgages and securities..
Dudley E. W aters, C. A. Lee, Tom F. Doyle,
G. Mange.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, '09. Sept. 1, ’09.
$102,607 24
$121,141 54
$137,028 41
$121,938 69
$119,184 82
138,120 13
119,280 88
123,880 13
135,875 13
139,315 13
436 97
425 47
202 68
400 80
1,694 79
Prom in ms pa,id on bonds
O verdrafts............................................
Banking house....................................
4,500 00
4,500 00
4,500 00
4,500 00
4,500 00
F urn itu re and fixtures.....................
2,000 00
2,000 00
2,000 00
2,000 00
2,000 00
770 00
O ther real e sta te ...............................
D ue from other banks and bankers
(not- reserve pities)
858 00
1,501 33
1,531 75
697 12
3,068 17
47,278 96
33,834 96
33,196 12
32,762 47
31,487 16
LT. S. and N ational bank currency.
7,853 00
10,122 00
6,278 00
16,539 00
8,181 00
Gold c o in .............................................
6,350 00
5,842 50
6,297 50
4,512 50
4,842 50
Silver coin............................................
1,309 20
864 80
994 00
1,516 85
2,037 65
Nickels and cen ts................................
142 83
265 50
245 41
234 29
235 27
Cheeks and rash item s......................
235 76
80 20
401 95
56 55
262 09
T o ta ls............................................
$292,852 84
$304,458 43
$328,550 95
$324,473 40
$320,383 58
Liabilities.
Capital stock paid in .........................
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
2,825 24
1,775 14
4,435 82
3,527 44
2,770 96
38,998 68
46,581 05
Item s in tra n sit.................................
4,000 00
U nited States bonds.........................
Due from banks in reserve cities. .
F^changes for elearing house........
Surplus fu n d ........................................
U ndivided profits, less current ex
penses, interest and taxes p a i d ..
Dividend« u n p a id ............................
Commercial deposits subject to
ch eck .................................................
235 00
39,375 78
43,415 30
48,693 75
...............
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
822 50
OJerti fied oh eck s..................................
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits.................................
Savings certificates of dep o sit........
139,865 08
80,786 74
146,157 03
148,110 26
152,499 46
143,812 82
82,875 96
91,488 62
96,947 82
94,718 75
5,000 00
2,500 00
2,500 00
$328,550 95
$324,473 40
$320,383 58
S ta te monies on d ep o sit...................
Notes and bills rediscounted...........
Bills p a y a b le .......................................
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$292,852 84
$304,458 43
STATE BANKS OF MICHIGAN.
225
No. 239.
LUDINGTON STATE BANK, LUDINGTON.
Organized May 22, 1901.
C h a s . G. W i n g , P r e s id e n t ; W a r r e n A . C a r t i e r , V ic e P r e s id e n t ; C l y d e H a g e r m a n , C a s h ie r .
D i r e c t o r s .— Chas. G. Wing, W arren A. Cartier, Wm. R ath, Roswell P. Bishop, Michael B. Danaher,
Antoine E. Cartier.
Resources.
R eport of
Nov. 27, ’08
R eport of
R eport of
R eport of
R eport of
Feb. 5, ’09. April 28, ’09 June 23, ’09 Sept. 1, ’09.
Loans and discounts.........................
$207,086 36
$199,136 13
$202,931 17
$205,328 07
$203,684 99
Bonds, m ortgages and securities..
290,456 55
293,960 71
293,630 58
282,051 23
273,191 54
Prem ium s paid on bo n ds.................
O verdrafts............................................
2,971 03
577 08
316 69
605 85
583 19
B anking house....................................
10,689 83
10,689 83
10,773 17
10,780 17
10,762 17
F u rn itu re and fixtures.....................
5,050 04
5,050 04
5,050 04
5,050 04
5,050 04
182 36
120 61
219 38
O ther real e state................................
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
2,233 04
U nited S tates bonds.........................
Due from banks in reserve cities. .
43,467 87
45,364 94
18,797 56
39,881 56
54,259 93
U. S. and N ational bank currency.
17,133 00
8,638 00
12,175 00
22,219 00
10,526 00
Gold co in .............................................
8,530 86
6,786 43
4,350 00
3,392 50
8,335 00
5,002 05
947 63
6,904 55
2,213 60
2,192 45
2,981 60
Exchanges for clearing house........
Gold bars, U. S. assa y .....................
Silver coin............................................
5,346 10
4,897 10
Nickels and cents...............................
325 84
409 65
335 76
286 82
358 46
Checks and cash item s.......................
609 02
1,673 06
1,310 00
3,607 30
827 73
T o tals............................................
$593,899 54
$577,182 97
$557,067 98
$576,463 23
$580,684 58
Liabilities.
Capital stock paid in ..........................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
9,813 20
2,291 87
6,523 91
9,943 67
3,555 22
136,125 14
131,686 78
118,351 06
J 127,390 63
127,731 65
3,821 04
3,571 57
5,332 33
2,656 63
2,764 72
106 40
100 00
Surplus fu n d ........................................
Undivided profits, less current ex
penses, interest and taxes p a id ..
Dividends u n p a id ..............................
Commercial deposits subject to
ch eck .................................................
Commercial certificates of d ep o sit.
Due to banks and b an k ers...............
Certified checks..................................
100 00
Cashier’s checks o u tstan d in g ...........
Savings d ep o sits................................
229,472 06
231,806 63
225,190 40
234,505 65
232,867 19
Savings certificates of d ep o sit........
124,668 10
117,726 12
111,670 28
116,860 22
128,665 80
Notes and bills rediscounted...........
Bills p a v a b le .......................................
15,000 00
15,000 00
15,000 00
10,000 00
10,000 00
T o tals............................................
$593,899 54
$577,182 97
$557,067 98
$576,463 23
$580,684 58
29
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
226
No. 130.
THE ANTRIM COUNTY STATE SAVINGS BANK, MANCELONA.
Organized January 20, 1892.
H. G. W h i t e , P r e s id e n t ; I. N. R o d e n b a u g h , V ic e P r e s id e n t ; E. L. J. M i l l s ,
R. I. M a c D o n a l d , A s s i s t a n t C a s h ie r ; N. C. W e t e r , A u d ito r .
C a s h ie r ;
D i r e c t o r s — H. G. W hite, I. N. Rodenbaugh, N. C. W eter, F rank Harding, J. W. McCauley,
E. C. B urnett, N. M. Langdon.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Resources.
Loans and discounts.........................
$155,137 79
$162,125 42
$184,466 85
$181,261 89
$151,801 55
Bonds, m ortgages and securities. .
72,699 38
76,668 38
83,342 38
85,417 70
85,696 20
O verdrafts............................................
120 98
187 76
379 33
225 12
709 14
Banking house....................................
3,444 27
3,444 27
3,444 27
3,444 27
3,444 27
2,416 21
2,416 21
2,416 21
2,416 21
3,000 08
177 87
175 00
263 31
76 01
239 33
47,043 04
68,048 09
23,315 70
55,140 98
33,163 56
F lirn itn re a n d
f ix tu re s
O ther real estate...................
Due from other banks and bankers
Item s in tra n sit.................................
U n ite d S ta te s b o n d s
Due from banks in reserve cities..
E x c h a n g e s fo r p le a rin g h o n s o
LT. S. and N ational bank currency.
10,738 00
7,722 00
14,265 00
8,626 00
8,263 00
Gold c o in .............................................
5,575 00
6,010 00
3,375 00
4,535 00
5,740 00
Silver coin............................................
1,482 25
2,011 80
2,150 35
2,135 35
2,900 15
Nickels and c e n ts..............................
179 90
171 10
131 30
107 07
210 05
Checks and cash ite m s.....................
353 30
103 05
14 50
216 53
42 40
T otals............................................
$299,367 99
$329,083 08
$317,564 20
$343,602 13
$295,209 73
Liabilities.
Capital stock paid i n . ......................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
17,836 88
15,090 08
17,652 50
19,409 27
16,534 68
Commercial deposits subject to
ch eck .................................................
46,993 89
75,941 19
63,551 63
92,768 11
54,439 22
Commercial certificates of d ep o sit.
101,429 27
97,670 07
94,440 39
88,892 22
84,034 90
108,107 95
115,233 74
116,919 68
117,532 53
115,200 93
$299,367 99
$329,083 08
$317,564 20
$343,602 13
$295,209 73
Surplus fund........................................
U ndivided profits, less current ex
penses, interest and taxes p a i d ..
148 00
" D iv id e n d s u n p a i d
P\ip to
b r in k s
Certified
and bankers.
phepks
Cashier’s checks
o u ts ta n d in g
.
Savings d ep o sits................................
R a v in g s c e r tif ic a te s o f d e p o s it
N o t e s a n d b i ll s r e d i s c o u n t e d
"Rills p a .y a b l e
.
T o tals............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
227
No. 242.
PEOPLE’S BANK, MANCHESTER.
Organized August 31, 1901.
F r e d e r i c k S t e i n k o h l , P r e s id e n t ; E. M. C o n k l i n , V ic e P r e s id e n t ; C. W . C a s e , C a s h ie r ;
F . A . L e h m a 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 .— Fred Kensler, B. G. Lovejoy, Frederick Steinkohl, E. M. Conklin, J. A . Lowery,
J.
D. Torrey, F. W. Sm ith, C. W. Case, J. H. Kingsley.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09 June 23, ’09. Sept. 1, '09.
Loans and discounts.........................
$107,077 93
$104,902 25
$110,148 85
$115,448 08
$98,388 35
Bonds, m ortgages and securities. . .
110,032 50
111,990 00
130,630 00
143,753 72
143,943 72
Prem ium s paid on b o n d s...............
O verdrafts..........................................
3,765 47
926 35
331 13
762 92
408 98
B anking house....................................
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
F u rn itu re and fixtures.....................
1,600 00
1,600 00
1,600 00
1,600 00
1,600 00
25,964 78
O ther real estate.............................
Due from other banks and bankers
(not reserve cities).........................
Item s in tr a n s it..................................
100 00
U nited States b o n d s..........................
Due from banks in reserve c itie s ..
26,614 81
37,640 17
40,662 22
32,927 70
E xchanges for clearing house..........
761 01
180 78
129 17
260 18
864 47
U. S. and N ational bank cu rren cy .
3,286 00
5,253 00
5,981 00
5,431 00
4,635 00
Gold c o in .............................................
10,485 00
10,310 00
10,277 50
10,247 50
10,255 00
Silver coin............................................
855 00
1,390 00
1,225 00
1,335 00
1,045 00
Nickels and c en ts..............................
61 95
50 80
37 64
56 55
126 89
Checks and cash item s.....................
107 81
50 25
185 25
61 33
125 00
T o tals............................................
$269,747 48
$279,293 60
$306,207 76
$316,883 98
$292,357 19
Liabilities.
Capital stock paid in ..........................
125,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
Surplus f u n d .. . . ’. ..............................
U ndivided profits, less current ex
penses, interest and taxes p a i d ..
8,000 00
8,000 00
8,000 00
8,000 00
8,000 00
3,470 52
2,238 35
3,307 33
2,969 10
2,224 29
Dividends u n p aid ..............
Commercial ‘deposits subject to
ch eck .................................................
59,355 91
70,913 97
78,507 14
73,490 53
62,544 19
Commercial certificates of d ep o sit.
Due to banks and bankers ..
Certified r.heeks.......
Cashier’s rheeks outstanding
Savings deposits..................................
38,472 05
40,234 90
48,973 38
55,928 30
58,057 24
Savings certificates of deposit........
135,449 00
132,906 38
142,419 91
151,496 05
136,531 47
$269,747 48
$279,293 60
$306,207 76
$316,883 98
$292,357 19
Notes and bills rediscounted.
Bills p a y ab le. .
T o ta ls............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
228
STATE BANKING DEPARTMENT.
No. 172.
UNION SAVINGS BANK OF MANCHESTER.
Organized June 28, 1894.
J o h n M. H o r n i n g , P r e s i d e n t ; A r n o l d H . K u h l , V ic e P r e s id e n t ; E d . E . R
B e n n e t t R o o t , A s s i s t a n t C a s h ie r .
o o t . C a s h ie r ;
D ir e c t o r s — John M. Horning, Geo. Heimendinger, Arnold H. Kuhl, C. F . K app, John W uerthner,
John Schlicht, A. J. W aters, A. D. English.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09,
Resources.
Loans and discounts....................
$89,502 75
$93,410 45
$100,960 36
$91,729 18
$98,569 31
Bonds, m ortgages and securities..
324,829 80
309,624 15
346,097 43
366,344 42
357,447 76
11,000 00
11,000 00
11,000 00
11,000 00
11,000 00
1,700 00
1,700 00
1,700 00
1,700 00
1,700 00
Prem ium s paid on b o n d s...............
O verdrafts...........................
Banking house.............
F u rn itu re and fixtures.....................
O ther real estate............
.
Due from other banks and bankers
(not reserve cities).......................
Item s in tra n sit.................................
1,417 36
830 18
800 00
U nited States bonds.......................
Due from banks in reserve cities..
46,381 17
57,204 45
62,772 53
70,677 61
Exchanges for clearing h ouse........
512 56
310 58
5,082 06
1,372 10
528 58
U. S. and N ational bank cu rren cy .
13,022 00
12,790 00
16,338 00
14,588 00
12,951 00
Gold c o in ............................
10,345 00
10,320 00
10,620 00
10,340 00
10,345 00
776 85
1,103 00
1,969 00
1,398 70
2,059 75
42 79
59 65
62 26
54 71
24 74
$499,533 28
$497,522 28
$557,431 82
$569,204 72
$555,729 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
16,000 00
20,000 00
20,000 00
20,000 00
20,000 00
10,128 75
2,488 74
7,689 97
4,022 25
7,786 48
20,340 07
22,575 29
29,499 08
25,030 56
26,655 65
3,340 00
3,420 00
4,370 00
5,267 00
4,720 00
Savings d ep o sits..................
303,788 74
307,134 79
332,422 65
351,512 80
340,208 41
Savings certificates of d eposit........
120,932 72
116,903 46
138,450 12
138,372 11
131,358 46
$499,530 28
$497,522 28
$557,431 82
$569,204 72
$555,729 00
Silver coin.............................
Nickels and cents.............................
60,302 86
Checks and cash item s....................
T otals.................................
Liabilities.
Capital stock paid in ...................
Surplus fu n d ...........................
Undivided profits, less current ex
penses, interest and taxes paid. .
Dividends u n p a id ...................
Commercial deposits subject
ch eck ..................................
to
Commercial certificates of d ep o sit.
Due to banks and b an k ers.............
Certified checks.......................
Cashier’s checks o u tstan d in g ...........
Notes and bills rediscounted...........
Bills p a v a b le ......................
T o tals...........................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
229
No. 116.
THE MANISTEE COUNTY SAVINGS BANK, MANISTEE.
Organized May 4, 1891.
E.
D
G.
F
il e r
ir e c t o r s
.—
,
P r e s id e n t; J
E.
o s e p h
K
ir s t e r
,
V ic e P r e s id e n t ;
W. J.
G
r e g o r y
,
C a s h ie r .
G. Filer, Thomas Kenny, Joseph K irster, Jno. H. G rant, John Smith.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
Resources.
Loans and discounts..................
Bonds, m ortgages and securities..
$604,657 04
$659,912 36
$575,792 63
$551,257 05
$555,035^75
468,124 59
502,364 39
511,422 15
509,011 98
499,165 93
Prem ium s paid on b o n d s ... .
O verdrafts...........................
8,219 55
1,204 43
1,314 56
1,278 91
879 33
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
8,773 29
12,301 21
12,872 36
2,531 27
10,421 62
286,358 83
452,007 26
218,463 94
284,589 16
203,439 12
U. S. and N ational bank currency.
16,143 00
27,548 00
26,625 00
25,604 00
15,325 00
Gold c o in ..................................
43,045 00
47,975 00
52,280 00
55,760 00
49,682 50
Silver coin...............................
23,205 00
20,841 75
12,941 15
12,018 10
13,656 75
Nickels and c en ts...............
960 61
1,331 83
613 27
542 34
530 85
Checks and cash ite m s. . . .
1,410 31
1,396 55
7,103 45
960 36
849 21
$1,485,897 22 $1,751 882 78 $1,444,428 51 $1,468,553 17
$1,373,986 08
Banking house.........................
F u rn itu re and fix tures........
O ther real e sta te ............
Due from other banks and bankers
(not reserve cities)........
Item s in tra n sit...................
U nited States bonds...................
Due from banks in reserve cities. .
E xchanges for clearing h o u se........
T o ta ls.........................
Liabilities.
Capital stock paid in ........
Surplus fu n d ..................
U ndivided profits, less current ex
penses, interest and taxes p a id . .
D ividends u n p a id .........
Commercial deposits subject
ch eck ..........................
$50,000 00
$50,000 00
$50,000 00
$50,000 00
$50,000 00
25,000 00
25,000 00
25,000 00
25,000 00
30,000 00
7,157 70
3,875 14
13,177 13
17,422 18
8,425 94
553,072 88
819,696 21
506,753 97
525,064 73
408,690 42
169,113 22
166,164 54
161,810 43
155,643 75
158,871 34
1,354 27
7,556 01
4,577 70
12,617 85
10,853 45
600 00
1,700 00
850 00
682,509 28
681,104 66
706,294 91
$1,485,897 22 $1,751,882 78 $1,444,428 51 $1,468,553 17
$1,373,986 06
to
Commercial certificates of deposit.
Due to banks and b an k ers..
Certified checks.............
113 34
Cashier’s checks o u tsta n d in g ..
Savings d ep o sits..................
680,085 81
679,590 88
Savings certificates of deposit........
Notes and bills rediscounted.........
Bills p a y a b le ...............
T o tals.......................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT,
230
No. 29.
THE MANISTIQUE BANK, MANISTIQUE.
Organized May 16, 1889.
G
H.
e o r g e
O
r r
,
P r e s id e n t ; , M
E
D
ir e c t o r s
.— George
a r t in
d w a r d
H.
H.
J
Q
V ic e P r e s id e n t ; M
A s s i s t a n t C a s h ie r .
,
u ic k
e w e l l
,
e l v in
W .
O
r r
,
C a s h ie r ;
H. Orr, M artin H. Quick, R obert B. W addell, Albert Orr, E dw ard H. Jewell.
Resources.
R eport of
R eport of
R eport of
R eport of
R eport of
Nov. 27, ’08. Feb. 5, ’09. April 28, ’09. June 23, ’09. Sept. 1, ’09.
$250,845 04
$255,653 32
$289,098 52
$275,865 51
$284,049 65
71,578 78
66,610 11
66,967 05
69,793 06
72,210 72
3 38
9 00
3,231 98
2,555 98
2,515 98
2,580 98
2,235 98
O ther real estate................................
Due from other banks and bankers
(not, reserve eities).........................
3,706 79
3,779 33
3,779 33
1,929 33
1,929 33
6,859 90
7,944 66
1,630 97
item s in tr a n s it..................................
1,962 46
1,383 99
2,665 97
1,498 80
1,259 44
63,169 55
150,473 37
57,161 19
96,539 09
85,250 90
■Loans and discounts............
Bonds, m ortgages and se cu rities.. .
Prem ium s paid on b o n d s. . .
O v erd ra fts.. .
B anking house....................................
109 68
F u rn itu re and fixtures.....................
United S tates b o n d s. .
Due from banks in reserve cities..
Exchanges for elearing house.. .
U. S. and N ational b ank cu rre n cy .
9,883 00
14,880 00
17,528 00
9,316 00
9,010 00
Gold c o in .............................................
13,085 00
13,695 00
14,215 00
14,340 00
13,910 00
Silver coin............................................
1,902 00
1,680 00
1,640 00
2,250 00
1,600 95
Nickels and c e n ts..............................
190 96
131 80
50 22
58 82
56 74
Checks and cash ite m s.....................
553 42
299 85
94 64
660 78
536 66
T o tals............................................
$420,218 66
$511,142 75
$462,575 80
@FedFRASER