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TWENTY-THIRD ANNUAL REPORT
OF T H E C O M M ISSIO N E R O F T H E
BANKING DEPARTMENT
OF THE
STATE OF MICHIGAN
DECEMBER 31, 1911.
L A N SIN G , M IC H IG A N
W YN K O O P H A L L E N B E C K C R AW FORD CO., ST A T E P R IN T E R S .
1911
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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.
C O M M ISSIO N E R ,
EDWARD H. DOYLE.
D E PU T Y C O M M ISSIO N E R ,
ALBERT E. MANNING.
BANK
E X A M IN E R S ,
CHARLES H. ADAMS,
JOHN D. MORTON,
JOHN C. BARRON,
J. B. SHOWERMAN,
E. K. MATLOCK,
MAX. E. SOCHA,
E. P. HOPKINS,
W. J. SCHECHTER,
J. C. VAN CAMP,
ADOLPH E. LARK,
CHARLES O. BALL,
H. A. MORRIS,
FRED L. PERKINS.
O FFIC IA L A D DRESS, L A N S IN G , M IC H IG A N .
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Federal Reserve Bank of St. Louis
. ■ -,’í_
COMMISSIONERS OF BANKING OF MICHIGAN.
[U n d er A ct 205, 18 87.]
THEODORE 0. 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.
HENRY M. ZIMMERMANN,
Appointed February 19, 1907; resigned January 11, 1911.
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EDWARD H. DOYLE,
Appointed January 18, 1911.
S ib iliti
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Federal Reserve Bank of St. Louis
TABLE OF CONTENTS
Page
A bstracts, com parative, 1889 to 1911, inclusive, state b a n k s..........................................................Ix x x ii-lxxxvi
com parative, 1889 to 1911, inclusive, national b a n k s....................................................... lxx x v ii-x ci
of sta te banks, 1 9 1 1 ............................................................................................................................
xcii
of national banks, 1 9 1 1 .....................................................................................................................
xciii
to ta l volum e of business sta te and national banks, reports of 1 9 1 1 ..............................
xciv
sta te banks in D e tr o it........................................................................................................................
xcv
national banks in D etro it..................................................................................................................
xcvi
state and national banks in D e tr o it............................................................................................
xcvii
sta te and national banks in Grand R a p id s.......... ...................................................................
xcviii
state and national banks in S agin aw .........................................................................................
xcix
state and national banks in B attle C reek................................................................................
c
state and national banks in K alam azoo...................................................................................
ci
state and national banks in B ay C ity ........................................................................................
cii
state and national banks in J a ck so n ..........................................................................................
eiii
state and national banks in Ann Arbor.....................................................................................
civ
state and national banks in C alum et.........................................................................................
cv
state and national banks in Port H u ro n ..................................................................................
cvi
state and national banks in L an sin g...............................
cvii
state and national banks in A drian............................................................................................
cviii
state and national banks in M uskegon.......................................................................................
cix
state and national banks in M arq uette.....................................................................................
cx
national banks in H o u g h to n ...........................................................................................................
cxi
sta te and national banks in A lp en a .............................................................................................
cxii
state banks in B en ton H arb or... , ...............................................................................................
cxiii
of R eceiverships..............................................................................
x ix
B anks closed by D e p a r tm e n t................................................................................................................................
x iv
B anks exam ined and fees p a id ............................................................................................................................. lx x -lx x x
B anks organized since D ecem ber 1, 1 9 1 1 ........................................................................................................
535
Capital stock, increase and decrease o f .............................................................................................................
xiii
Certificate of sta te treasurer as to f e e s ..............................................................................................................
lx x x
Earnings and D iv id en d s...........................................................................................................................................
xv
.........................................•..................................
x
E x a m in a tio n s........................................... .......................— • •
E xtensions of corporate e x iste n c e ...................................................................................... ............... v .............
xiv
Financial co n d itio n ............................................................
ix
Growth o f sta te b a n k s..............................................................................................................................................
xv
Increase and decrease of capital s to c k ..............................................................................................................
xiii
Index to b a n k s................
545
Irrigation b o n d s .........................................................................................................................................................
x x iv
L ist of bank cashiers in M ichigan.......................................................................................................................
539
List of bonds approved by securities co m m issio n ........................................................................................
xxii
Liquidations and consolidations...........................................................................................................................
xiii
New b a n k s.......................................................... » ........................................................................................................
xii
Number of depositors....................................................... .................................. ■......................... .........................
xvi
N um ber of sta te banks and trust c o m p a n ies.................................................................................................
ix
Opinions of attorney general...............................
x x x v -lx v ii
Other am endm ents to articles of in corporation.............................................................................................
xiii
R eceipts and e x p e n ses..............................................................................................................................................
xx
R eserv es..........................................................................................................................................................................
x -xi
R eserve c itie s ................................................................................................................................................................
x iv
R eceiverships................................................................................................................................................................
xvi
R ecom m endations as to L egislation...........................
tx x v
Reports of sta te banks and trust com panies (see in d e x )..........................................................................
3-4 2 8
R eports of national banks (see in d ex ).. , ......................................................................................................... 431-534
Securities com m ission.......................................................................
xxii
Timber bonds..................................................................................................................
xxiii
Segregation of deposits.............................................................................................................................................
x x iv
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STATE BANKING DEPARTMENT.
REPORT OF THE COMMISSIONER.
STATE OF MICHIGAN,
Banking Department,
Lansing, December 31, 1911.
To the Honorable Chase S. Osborn, Governor of Michigan:
Agreeable to the provisions of Section 43 of the General Banking Law
of Michigan, I have the honor to submit for your consideration the
twenty-third annual report of this Department for the year ending
December 31, 1911.
N U M B E R OF STATE B A N K S A N D T R U ST C O M P A N IE S.
There are at the date of this report under fhe supervision of this De
partment, 417 state banks and five trust companies transacting business
in Michigan. In the statistics and tables included in and following the
text of this report, the number of banks is given as 41G, one bank having
commenced business since the date of last report of condition, December
5, 1911.
F IN A N C IA L C O N D IT IO N .
Reports showing the condition of all state banks and trust companies
will be found on pages 3 to 428 inclusive. Reports of condition were
called for by the Department and made by the banks at the close of
business, November 10, 1910, January7 7, March, 7, June 7, September 1
and December 5, 1911. The last named report as to each state and na
tional bank will appear in the Department’s annual report for the year
1912. In order that the annual report may be in the hands of the public
in time to be of use as a book of reference, this plan of publishing re
ports has been adopted.
Statements of condition of each national bank in Michigan will be
found on pages 431 to 534 inclusive.
Special attention is called to the tables in the text of this report, as
evidencing the increasing wealth and prosperity of the people of Michi
gan since the organization »of the Department in 1889. These tables
contain abstracts of the annual reports of state and national banks for
the past twenty-three years. Again included are the statistics of the
state and national banks located in reserve cities.
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STATE
X
B A N K IN G
DEPARTM ENT.
E X A M IN A T IO N S .
The examining staff of the Department, during the year 1911, has made
855 examinations, a® follows :
First examinations .....................................................
Second examinations .................................................
Third examinations ....................................................
Preliminary examinations . ......................................
Special exam inations.................................................
423
404
7
19
2
The above table will show that all of the banks have been examined
twice during the year with the exception of new banks organized during
the last six months, Preliminary examinations consist of examinations
of new banks under Section 7 of the Banking Law, which is incumbent
upon the Department to make precedent to the issuance of certificate
of authority to commence business. Special examinations are made up
of examinations of national banks about to be consolidated with state
banks, or examinations of private banks, where same are requested,
and are made in addition to the preliminary examinations required by
said Section 7.
Each of the live trust companies lias been examined once during the
year, in accordance with the provisions of the trust, deposit and security
law.
Reports of examiners as to condition of the several state banks have
been carefully scrutinized and letters of criticism written the banks.
Such letters, as well as replies thereto, are made a part of the directors’
records in each bank.
All state banks, with the exception of those organized during the year,
have made five reports of condition, two reports of earnings and divi
dends, two reports showing result of directors’ examinations, and also
special reports wherever the Department has deemed it necessary to re
quire same.
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 state bank.
RESERVES.
As a general proposition, the requirements as to cash and legal re
serves contained in Sections 24 and 27 of the law, have been fully met,
as is evidenced by the following table:
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Federal Reserve Bank of St. Louis
Date of report.
January 7, 1911....
March 7, 1911.........
June 7, 1911...........
September 1, 1911..
December 5, 1911...
Commercial
deposits.
$95,369,179
94,414,788
101,162,377
102,758,009
104,888,154
$25,783,332
26,914,904
29,486,820
27,036,986
29,076,595
31
17
32
63
99
Per cent
reserve.
Commercial Per cent
cash reserve. reserve.
27.
$8,302,601 21
7,686,543 43
28.5
29.15 9,115,984 68
26.32 9,349,244 51
27.72 9,045,141 37
Savings
deposits.
8.7 $171,793,371 25
8.14 176,144,321 73
9.01 180,944,908 85
9.09 185,043,084 26
8.62 190,590,212 51
Per cent
reserve.
■ Savings
legal reserve.
$30,390,530
32,633,071
32,516,881
32,070,254
33,859,433
72
25
34
76
94
17.69
18.5
17 97
17.3
17.77
Savings
cash reserve.
$10,208,256
10,070,574
10,529,661
10,398,696
10,982,528
16
37
99
74
09
Per cent
reserve.
5.7
5.7
5.8
5.6
5.7
Per cent
reserve.
Total.
reserve.
$56,173,863
59 547 975
62,003,701
59,107,241
62,936,029
03
42
66
39
93
21.02
22
21.97
20.53
21.29
REPORT
OF
THE
CO M M ISSIO NER.
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Federal Reserve Bank of St. Louis
08
95
32
61
08
Commercial
legal reserve
X
STA TE
xii
B A N K IN G
DEPARTM ENT.
As exhibited by the above table, the highest combined reserves main
tained during the year were on March 7, 1911, being 22 per cent; while
reserves were lowest September 1, 1911, dropping to 20.53 per cent. The
commercial legal reserve throughout the year has been well maintained,
the highest point occurring June 7, with 29.15 per cent, with low point
on September 1 of 26.32 per cent. Commercial cash reached the highest
point September 1, 9.09 per cent, with low point occurring March 7, 8.14
per cent. The maximum legal savings reserve occurred March 7, 1911,
at 18.5 per cent, with the lowest percentage on September 1, 17.3 per
cent; while savings cash reserve was highest on June 7, 1911, with a
percentage of 5.8 per cent, and lowest on September 1 at 5.6 per cent.
Where reports of condition of state banks have shown low reserves,
or other conditions not in harmony with the law, banks have been im
mediately instructed to place themselves within the law’s provisions.
NEW
BA NK S.
During the year 1911, there have been organized in Michigan 24 state
banks, as follows:
Commenced
business.
No.
Title.
Location.
469
470
471
472
473
The Milan State Savings B a n k ..............................
The Rockw ood State B a n k ......................................
H om e State B a n k ........................................................
First State B a n k ..........................................................
The Farmers State B ank of Armada ................
M ilan .....................
R ockw ood ...........
G ladwin................
M ilford..................
A rm ada................
$25,000
2 0 ,000
3 0 ,000
2 5 ,0 0 0
2 5 ;000
Feb.
Feb.
Feb.
Feb.
Feb.
474
475
476
477
478
Peoples State B ank of P in co n n in g .......................
Hom er State B a n k ......................................................
The Citizens State Savings B a n k ..........................
D undee State Savings B a n k ....................................
P entw ater State B a n k ...............................................
P in con n in g .........
H om er..................
P in con n in g .........
D u n d e e .................
P en tw ater............
2 0 ,000
2 0 ,000
2 0 ,000
2 0 ,0 0 0
2 0 ,0 0 0
' Feb.
Mar.
Mar.
April
April
27,
7,
27,
4,
5,
1911
1911
1911
1911
1911
479
480
481
482
483
The M etropolitan State B a n k .................................
Peoples State B ank of I th a c a .................................
Blanchard State B a n k ...............................................
The State B ank of V estaburg................................
The Olio State B a n k ...................................................
D e tr o it..................
I th a c a ...................
B lanchard............
V estab u rg............
Clio.........................
250,000
2 5 ,0 0 0
2 0 ,000
2 0 ,0 0 0
2 5 ,0 0 0
April
April
April
May
June
17,
17,
25,
2,
2,
1911
1911
1911
1911
1911
484
485
486
487
488
Citizens B ank of O n ton agon ...................................
First State Bank of K in g sle y .................................
Edwin N ash State B a n k ............................................
Allen State Savings B a n k ........................................
The Peoples State B ank of S p a rta .......................
O n ton agon ..........
K in gslb y..............
C larksville...........
A lle n .....................
S p a rta ...................
2 5 ,000
■20,000
2 0 ,0 0 0
2 0 ,0 0 0
2 5 ,0 0 0
Aug.
Aug.
Aug.
Aug.
Sept.
1,
3,
1,
1,
9,
1911
1911
1911
1911
1911
489
490
4 491
492
The Peoples State B ank of S c o ttv ille ..................
Farmers State B ank of K a w k a w lin .....................
The Farmers State B ank of M ontague................
The H udsonville State B a n k ...................................
S c o ttville..............
K a w k aw lin .........
M o n tagu e............
H udson v ille ........
3 0 ,0 0 0
2 0 ,000
20;000
2 0 ,0 0 0
Sept. 5, 1911
N óv. 6, 1911
Dec. 4, 1911
D ec. 11, 1911
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Capital.
2, 1911
16, 1911
20,1 9 1 1
23, 1911
23, 1911
REPORT
OF
TH E
xiii
CO M M ISSIO NER.
INC R E A SE A N D DECREASE OF C A PITA L STOCK.
Iii accordance with the requirements of Section 10 of the General
Banking Law, the following banks have amended their original articles
of incorporation in the direction of increasing or decreasing their capital
stock:
Former
capital.
Present
capital.
Grand R apids.
L aurium ..........
St. Joseph. . . .
H om er..............
Rogers C ity.. .
$100,000
75,000
5 0 ,000
2 0 ,000
2 5 ,000
$200,000
100,000
100,000
3 0 ,000
3 5 ,000
$100,000
2 5 ,0 0 0
5 0 ,000
10,000
10,000
Macomb C ounty Savings B a n k .........
B ank of S a g in a w .....................................
State Savings B a n k ................................
Grand Rapids Savings B a n k ..............
State Savings B ank of E sc a n a b a ... .
L en o x ...............
Saginaw ...........
Minden C ity . .
Grand R apids.
E scanab a.. . . .
2 5 ,000
400,000
2 0 ,000
150,000
5 0 ,000
5 0 ,000
500,000
30,000
200,0 0 0
100,000
2 5 ,000
100,000
10,000
5 0 ,000
5 0 ,0 0 0
9
Highland Park State B a n k .................
Peninsular Savings B a n k .....................
E. H ill & Sons State B a n k ..................
D etroit Trust C o .....................................
D im e Savings B a n k ................................
Highland Park
D e tr o it.............
C olon................
D e tr o it.............
D e tr o it.............
4 0 ,0 0 0
500,0 0 0
4 0 ,0 0 0
500,0 0 0
500,0 0 0
100,000
800,0 0 0
6 0 ,0 0 0
1 ,0 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
6 0 ,0 0 0
300,0 0 0
2 0 ,0 0 0
500,000
500,000
90
357
180
204
217
H om e Savings B a n k ............................•.
Fairview Savings B a n k .........................
State B ank of Carsonville....................
State Savings Bank of Scott v ille ... .
Q uincy State B a n k .................................
D e tr o it.............
D e tr o it.............
Carson v ille ... .
Scott v ille .........
Q uincy..............
4 0 0 ,0 0 0
2 0 ,0 0 0
2 0 ,0 0 0
2 5 ,0 0 0
4 0 ,0 0 0
750,000
100,000
2 5 ,0 0 0
3 5 ,0 0 0
2 5 ,0 0 0
3 5 0 ,0 0 0
8 0 ,0 0 0
5 ,0 0 0
10,000
*15,000
$ 3 ,0 0 0 ,0 0 0
$ 5 ,2 4 0 ,0 0 0
$ 2 ,2 4 0 ,0 0 0
No.
N am e of Bank.
Location.
316
201
31
255
354
City Trust and Savings B a n k ............
State Savings B a n k ................................
U nion B anking Co..................................
Calhoun State B a n k ..............................
Presque Isle Co. Saving's B a n k .........
206
25
413
61
299
434
15
427
•
Increase.
* Decrease.
The foregoing table shows an increase in banking capital of
$2,240,000.00. Adding to this the $765,000.00 new capital stock bv organ
ization of new banks, constitutes a total increase for the year of
$3,005,000.00. There has been a loss in banking capital of $105,000.00
caused by the liquidation and consolidation of certain banks, which
would leave a net increase in capital for the year of $2,900,000.00.
O T H ER A M E N D M E N T S TO A R TIC LES OF INC ORPORATION.
The stockholders of the Peninsular Savings Bank of Detroit, on May
22, 1911, voted to change the name of said bank to the Peninsular State
Bank of Detroit.
CONSO LIDA TIO N S A N D L IQ U ID A T IO N S.
On January 20, 1911, the Athens State Savings Bank and the Farmers
State Bank of Athens were consolidated under the name of the Athens
State Bank, with a capital of $30,000.00.
The stockholders of the Saginaw County Savings Bank of Saginaw,
on February 17, 1911, voted to liquidate its affairs for the purpose of
consolidating with the Bank of Saginaw.
The Minden City State Bank of Minden City, by vote of its stock
holders on March 1, 1911, voted to go into voluntary liquidation for the
purpose of consolidating with the State Savings Bank of Minden City.
At a meeting held on July 27, 1911, the stockholders of the Britton
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Federal Reserve Bank of St. Louis
X IV
STATE
B A N K IN G
DEPARTM ENT.
State Savings Bank of Britton, voted to place its affairs in voluntary
liquidation.
The stockholders of the Eaton County Savings Bank of Charlotte, on.
August 14, 1911, voted to purchase the assets and assume the business
of the Merchants National Bank of Charlotte, and on said date, the
stockholders of said National Bank voted to consolidate with said Eaton
County Savings Bank, which consolidation became effective September
30, 1911, an examination of said National Bank having been made before
consent to consolidate was given.
E X T E N S IO N S
OF CORPORATE E X IS T E N C E .
Applications for the extension of corporate existence under the pro
visions of Act 143 of the Public Acts of 1899 having been made, and
consent of stockholders and original articles of incorporation author
izing such extensions having been filed, examinations were made of each
bank, as required by said act, and being satisfied as to their condition,
extensions of corporate life were made as follows:
Hastings City Bank, Hastings, extended thirty vears from and after
October 26, 1911.
Commercial Bank of Port Huron, extended thirty years from and after
December 7, 1911.
Oceana County Savings Bank, Hart, extended thirty years from and
after October 27, 1912.
RESERVE C IT IE S.
As required by Sections 24 and 27 of the banking law, I hereby desig
nate for the year 1912 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, Philadelphia, Pittsburg, Baltimore,
Buffalo, Cleveland, Cincinnati, Toledo, St. Louis, Chicago, Milwaukee
and Minneapolis.
BANKS
CLOSED BY T H E
D E PA R T M E N T .
On November 9, 1911, the Department took possession of the First
Commercial and Savings Bank of Durand. This action was taken as
a result of an examination of said bank made October 16, 1911, and as
a result of further investigation as to the value of certain assets found
in the bank at such examination. During the time the Department had
possession of this bank, poor and doubtful assets, shortages in accounts
and unlawful manipulations of bank’s assets and liabilities were dis
covered to an amount approximating f38,000.00. This condition of
affairs was chargeable solely to the unlawful and injudicious loaning of
the bank’s funds by the cashier to parties foreign to the community in
which the bank is located, and to criminal manipulations of bank’s
funds and books. The stockholders having made good all losses occa
sioned by the acts of the cashier as aforesaid, on December 11 the bank
was again opened for business with a capital of $25,000.00 and a surplus
fund of $2,500.00.
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Federal Reserve Bank of St. Louis
REPORT
OF
TH E
xv
CO M M ISSIO NER.
GROW TH OF STATE B A N K S .
The twenty-third year of state bank supervision under the present law
terminated December 31, 1911. At the close of the first year of the
present bank supervision, there were eighty state banks transacting an
aggregate business of |38,900,770.88. On December 5, 1911, there were
416 state banks and 5 trust companies in Michigan with total foot
ings of $343,269,424.51. Since 1889 deposits have increased $264,486,319.52. Loans for this period show a gain of $240,860,264.87, With a gain
in banking capital of $21,217,170.00 and in surplus and undivided profits
$18,290,252.36.
Your attention is called to the following comparative table:
416 State banks,
5 trust
com panies.
D ec. 5, 1911.
80 banks,
Jan. 7, 1889.
397 State banks,
5 trust
com panies,
N ov. 10, 1910.
L oans.................................................................
Real estate, furniture and fix tu r es. . . .
C ash...................................................................
$ 3 0 ,8 1 5 ,6 9 7 13
534,411 76
7 ,5 5 0 ,6 6 1 99
$ 2 4 5 ,7 3 3 ,5 7 1 38
7 ,1 5 6 ,8 9 3 02
5 1 ,1 0 5 ,6 5 1 89
$ 2 7 1 ,6 7 5 ,9 6 2 00
8 ,1 4 4 ,3 7 1 89
6 3 ,4 4 9 ,0 9 0 62
T o ta ls.......................................................
$ 3 8 ,9 0 0 ,7 7 0 88
$ 3 0 3 ,9 9 6 ,1 1 6 29
$ 3 4 3 ,2 6 9 ,4 2 4 51
Resources.
Liabilities.
Capital stock paid in ...................................
Surplus fund and undivided p r o fits. . .
D ep o sits............................................................
N otes and bills red isco u n ted ...................
T o ta ls.......................................................
$ 5 ,5 1 9 ,4 2 5
1 ,8 1 8 ,8 3 5
3 1 ,2 8 4 ,1 2 4
2 7 8 ,3 8 5
00
53
39
96
$ 3 8 ,9 0 0 ,7 7 0 88
$ 2 3 ,8 6 2 ,8 1 0
1 7 ,8 8 2 ,6 5 4
2 6 1 ,5 8 7 ,9 9 9
662,6 5 2
00
74
33
22
$ 3 0 3 ,9 9 6 ,1 1 6 29
$ 2 6 ,7 3 6 ,5 9 5
2 0 ,1 0 9 ,0 8 7
2 9 5 ,7 7 0 ,4 4 3
653,2 9 7
00
89
91
71
$ 3 4 3 ,2 6 9 ,4 2 4 51
Compared with the showing made November 10, 1910, the above table
shows that up to and including December 5, 1911, loans increased
$25,942,390.62, while a gain in deposits is shown of $34,182,444.58.
The increase in deposits for this period is divided as follows:
Commercial deposits ...................................................................$12,664,580.98
Savings deposits ......................................................................... 21,517,863.60
E A R N IN G S A N D D IV ID E N D S OF STATE
BA NK S.
The Michigan banking law does not fix a uniform dividend period for
state banks. It provides, however, that each bank shall report to the
Department within ten days after declaring any dividend, such report
showing amount of same, amount carried to surplus, and any earnings
in excess thereof. The custom of the Department in this regard is to
call for a report of earnings and dividends on June 30 and December
31 of each year. For the year ending June 30, 1911, the gross earnings
of state banks amounted to $14,889,219.26. From this sum was charged
Out on account of losses, bad debts, premiums, etc., $705,607.98, while
expenses and interest paid aggregate $10,349,673.45. Net earnings for
the period amount to $3,823,937.83, out of which total dividends of
$2,170,668.22 were declared. For the twelve months ending June 30,
c
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Federal Reserve Bank of St. Louis
STA TE
XVI
B A N K IN G
DEPARTM ENT.
1911, the average capital of state banks was .$24,119,303.33, with average
surplus at $12,393,880.75, and average deposits of $268,054,099.34. On
total deposits the net earnings were equivalent to 1.43 per cent, on
capital 15.85 per cent, on capital and surplus 10.47 per cent; with an
average dividend on capital stock of 8.99 per cent, and on capital stock
and surplus 5.94 per cent.
N U M B E R OP DEPOSITORS.
Reports as to number of depositors was received from each of the 416
state banks and 100 national banks as of November 15, 1911. An ab
stract of these reports shows total depositors, 1,147,363, and divided into
the following classifications :
156,572
State banks, individual deposits subject to check. ..
51,990
State banks, commercial certificates of deposit..........
572,253
State banks, savings depositors....................................
118,901
State banks, savings certificates of deposit................
184,062
National banks, individual deposits subject to check
63,585
National banks, certificates of deposit.........................
An increase in the number of commercial depositors in state banks for
the year is shown of 21,555, while the gain in number of savings deposi
tors is 72,009, constituting a total increase for the year 1911 of 93,564
depositors. During the year depositors in Michigan national banks have
increased 3,532. It will be seen, therefore, that the total gain in num
ber of depositors in state and national banks aggregate 97,096 for the
year 1911.
The following table shows the number of commercial and savings de
positors in the 416 state banks and 100 national banks, the aggregate
deposits, and per capita of deposits:
B anks.
41G State B a n k s ............................ f
100 N ational B a n k s ..........................
Tof.als ..........................................
Class of
deposits.
Commercial.........
S a v in g s................
C om m ercial.. . . .
N um ber of
depositors.
Amount of
deposits.
Average
to each
depositor.
2 0 8 ,5 6 2
69 1 ,154
2 4 7 ,6 4 7
1 9 4 ,7 5 1 ,8 3 8 48
1 9 0 ,5 9 0 ,2 1 2 51
1 1 3 ,5 8 8 ,6 3 5 73
$454 31
275 61
458 67
1 ,1 4 7 ,3 6 3
$ 3 9 8 ,9 3 0 ,6 8 6 72
$347 68
R E C E IV E R S H IP S.
The following reports of receivers are respectfully submitted:
The City Savings Bank, Detroit.
The Union Trust Company, Detroit, receiver, under date of December
7, 1911, reports as follow s:
Liability to depositors at date of suspension........................ $3,378,121 20
Other liabilities ......................... ............... ...............................
662,937 50
Total .......... ............... ....................... ............................... $4,041,058 70
Total assets at date of, and received since suspension........ 4,542,628 45
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Federal Reserve Bank of St. Louis
REPORT
OF
TH E
CO M M ISSIO NER.
x v ¡1
Amount collected by receiver to date...................................... $2,744,917 35
Disposition of collections :
Loans paid and other disbursements....... $135,890 13
Dividends paid ............................................ 2,219,144 35
Legal expenses.............................................
107,749 75
All other expenses.......................................
98,675 39
Receiver’s salary paid to date..................
100,000 00
Deposits and collections returned............
57,885 11
Balance in hands of State Treasurer. .. .
24,350 65
1,221 97
Balance in hands of receiver.....................
$2,744,917 35
Since the failure of this bank, February 10, 1902, dividends to the
amount of 68 per cent have been paid savings depositors, and 64 per cent
to commercial depositors. The Department is now checking up the final
report and making an exhaustive examination into every detail of the
receivership since the assets of the bank were turned over to the receiver
in 1902.
State Bank of Fenton, Fenton.
Clarence Tinker, receiver, under date of December 31, 1911, reports
as follows :
Liability to depositors at date of suspension.........................
$101,710 04
Other liabilities ..........................................................................
1,134 45
Total ........................................................................
Total assets at date of, and received since suspension
Amount collected by receiver to date......................................
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 date....................
6,000 00
Balance in hands of receiver....................
560 00
$102,844 49
141,757 18
72,835 19
$72,835 19
This bank was. closed June 14, 1897, and 40 per cent has been paid to
creditors and depositors, the last dividend occurring 1903. The Depart
ment in the past has made persistent efforts to have this receivership
closed, and the matter was finally referred to the Attorney General for
whatever action lie deemed best. I am informed by the Attorney General
that litigation causing the delay has been settled, and final report will be
made, undoubtedly, within the next ninety days.
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Federal Reserve Bank of St. Louis
xviii
STATE
B A N K IN G
D EPARTM EN T.
The Farmers’ and Merchants’ State Bank, Parma.
Seymour H. Godfrey, receiver, under date of December 1, 1911, reports
as follows:
Liability to depositors at date of suspension........................
Other lia b ilitie s...........................................................................
$86,207 99
10,336 87
Total ........ . .......................................................................
Total assets at date of, and received since suspension........
Amount collected by receiver to date......................................
Amount cash on hand at date of suspension........................
$96,544
144,599
90,447
7,829
86
86
03
12
Total ..................................................................................
$98,276 15
Disposition of collections:
Loans paid and other disbursements.......
$2,560 29
Dividends paid ............................................
83,575 06
Legal expenses ............................................
49 56
All other expenses.......................................
1,526 85
Balance in hands of State Treasurer . . . .
2,065 90
Balance in hands of receiver. ...................
7,800 48
To error not yet located..............................
698 01
—---------------$98,276 15
This bank was closed by the Department September 18, 1908, as the
result of an examination which showed an intermingling and confusion
of its assets and liabilities with those of a private bank in which the
cashier was interested.
Dividends to the amount of 95 per cent have been paid depositors. On
petition of all the savings depositors, waiving their right to any addi
tional sums which might accrue by reason of having the proceeds of all
real estate mortgages and bonds applied to their sole benefit, the receiver,
on order of the court, declared dividends to the commercial and savings
depositors on an equal basis. The receiver reports that the long time
mortgages which were among the assets at the time of the failure, have
been disposed of and, as a consequence, there can be no good reason why
this receivership cannot be closed within the next six months and an
other dividend declared.
The Chelsea Savings Bank, Chelsea.
William W. Wedemeyer, receiver, under date of December 1, 1911,
rendered his final report to the Department, which briefly is as follows :
Liability to depositors at date of suspension....................... $1,028,852 84
Other lia b ilitie s...........................................................................
20,764 21
Total .................................................................................. $1,049,617 05
Total assets at date of, and received since suspension........ 1,361,392 07
Amount collected by receiver to date......................................
787,476 68
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Federal Reserve Bank of St. Louis
REPORT
OF
TH E
CO M M ISSIO NER.
Disposition of collections:
Loans paid and other disbursements. ... .
Dividends paid ...........................................
Legal expenses.............................................
Receiver's salary paid todate..................
All other expenses.......................................
xix
$15,551 15
706,864 09
28,308 66
13,825 00
22,927 78
-------- ----------$787,476 68
This bank was closed by the Department December 2, 1907. According
to the final report of the receiver, the worthless assets aggregated
$485,180.79, out of total assets turned over to the receiver by the De
partment of $1,295,816.32. The total dividends paid commercial de
positors aggregate 49 per cent, while savings depositors received 8114
per cent of their deposits.
ABSTRACTS
OP R E C E IV E R SH IP S.
Below will be found a summarized abstract of the reports of receivers
of insolvent banks:
14
Closed
receiverships.
3
A ctive
receiverships.
Total.
Total assets turned over to receivers................
D isposition of assets:
Offsets allowed and s ettle d ................................
Losses on assets, com pounded or sold under
order of co u r t.....................................................
R em aining a sse ts...................................................
Collected from a sse ts............................................
$ 5 ,0 8 5 ,9 8 8 33
$ 4 ,8 2 8 ,9 8 5 49
137,135 78
142,338 00
279,473 78
1 ,674 ,621 33
847 ,099 67
2 ,4 2 6 ,1 3 1 55
1 ,833 ,620 92
1 8 ,170 23
2 ,8 3 4 ,8 5 6 34
3 ,5 0 8 ,2 4 2 25
8 6 5 ,2 6 9 90
5 ,2 6 1 ,9 8 7 89
T o ta l......................................................................
$ 5 ,0 8 5 ,9 8 8 33
$ 4 ,8 2 8 ,9 8 5 49
$ 9 ,9 1 4 ,9 7 3 82
Collected from above a s se ts ............................
Collected from assessm ents on sto ck h o ld ers. .
$ 2 ,4 2 6 ,1 3 1 55
1 9 5 ,883 94
$ 2 ,8 3 4 ,9 1 6 34
81 ,112 35
$5 ,261 ,987 89
2 7 6 ,9 9 6 29
$ 2 ,6 2 2 ,0 1 5 49
$ 2 ,9 1 6 ,0 2 8 69
$ 5 ,5 3 8 ,0 4 4 18
T otal co llectio n s................................................
D isposition of collections:
Loans paid and other d isb u rsem en ts............
D ividends p a id .......................................................
Legal e x p e n ses................................ .......................
R eceiver’s salary and other e x p e n ses...........
B alance in hands of receiver or State
Treasurer..............................................................
$45 9 ,5 8 5
1 ,890 ,307
78 ,7 2 1
1 8 8 ,4 3 9
52
95
73
02
$213,296
2 ,3 4 5 ,0 1 3
2 1 5 ,0 2 2
106,000
18
03
43
00
$ 9 ,9 1 4 ,9 7 3 82
$672,881
4 ,2 3 5 ,3 2 0
2 9 3 ,7 4 4
294 ,4 3 9
70
98
16
02
4 ,9 6 1 27
3 6 ,6 9 7 05
41 ,658 32
T o ta l......................................................................
$ 2 ,6 2 2 ,0 1 5 49
$ 2 ,9 1 6 ,0 2 8 69
$ 5 ,5 3 8 ,0 4 4 18
Capital stock at date of fa ilu r e ............................
Amount of deposits at date of failure...............
$ 8 0 1 ,0 0 0 00
2 ,9 1 2 ,0 9 4 83
$ 220,000 00
3 ,4 5 3 ,8 0 2 15
$1 ,021 ,000 00
6 ,3 6 5 896 98
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE
XX
B A N K IN G
D EPARTM EN T.
From tlie foregoing table it will be seen that the per cent collected
on total assets of closed receiverships was 47.71, while there was 51.56
per cent of assets collected, including the amount received from assess
ments on stockholders. 24.34 per cent of the total amount of capi
tal stock was collected by assessment on stockholders. Expenses incurred
by the several receivers amounted to 5.25 per cent of the total assets
and equaled 10.19 per cent of total collections. An average of 64.91
per cent has been paid to depositors.
In the active receiverships it will be seen that there has been collected
on total assets 58.66 per cent and 60.36 per cent has been collected in
cluding amount received from assessments on stockholders. There was
collected on capital stock 36.86 per cent. The percentage of expenses to
total assets amounted to 6.64 and to amount collected 11.01 per cent.
There lias been paid on an average 67.89 per cent to depositors.
The column with reference to the total of all receiverships shows that
collections on total assets equal 53.07 per cent and on total assets includ
ing receipts from stockholders assessments 55.85 per cent. 27.13 per
cent of capital stock has been realized as a result of assessments on
stockholders. Percentage of expenses to total assets was 5.93 per cent
and to total collections 10.62 per cent. There has been received on an
average by depositors dividends of 66.53 per cent.
R EC E IPT S A N D D IS B U R S E M E N T S OF D E PA R T M E N T .
In accordance with Section 40 of the Banking Law, the Department
has collected on account of the annual and special examinations of banks,
$34,153.78. There lias also been turned over to the Secretary of State
for franchise fees, on account of new banks, increase of capital stock,
and extensions of corporate existence, $1,610, showing total receipts dur
ing the year of $35,763.78. Attention is called to the list of state banks
and trust companies in the latter part of this text, which list shows the
dates of examinations and the amount of each annual examination fee
collected from each state bank. The examiner’s reports (from which
the examination fee is determined) have been carefully compared,
checked and verified by the State Treasurer with the amount of fees
collected from each bank and turned over to said official, and your at
tention is respectfully called to his letter appended to the text.
During the year 1911 the expenses of the Department were as follows:
Salary of H. M. Zimmermann, Commissioner (resigned Janu
ary 11, 1911)..................................................................................
Salary of E. H. Doyle, Commissioner (appointed January 18,
191Ï) ................ ..............................................................................
Salary of W. Donovan, Deputy Commissioner (resigned May
1, 1911 ) ..................... .............. ........................... .................................
Salary of A. E. Manning, Deputy Commissioner (appointed
May 1, 1911)................ ...............".................................................
Salary of A. E. Manning, Chief Clerk and Examiner (resigned
May 1, 1911)..................................................................................
Salary of Max E. Socha, Chief Clerk and Examiner (ap
pointed May 1, 1911)....................................................................
Salary of H. E. Johnson, Examiner (resigned March 15, 1911)
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$16 39
3,305 55
952 16
1,669 00
565 10
1,134 90
361 40
REPORT
OF
TH E
CO M M ISSIO NER.
xxi
Salary of Charles E. Toms, Examiner (resigned October 1,
1911) ..................................................... ......................................... $1,349 60
Salary of Carl E. McAlvay, Examiner (resigned December 9,
1,705 90
1911) ..................................
Salary of Hira C. Moore, Examiner (resigned May15, 1911).
663 88
Salary of John A. May, Examiner (resigned April15,1911) . .
515 58
Salary of W. J. Cooinbe, Examiner (appointed April 1, 1911;
resigned May 31, 1911)........................................................
284
90
Salary of R. A. Campbell, Examiner (resigned July 1, 1911).
875 00
Salary of Charles H. Adams, Examiner........................................
1,824 60
Salary of John D. Morton, Examiner...........................................
1,827 72
Salary of John C. Barron, Examiner............................................
1,806 77
Salary of J. B. Showerman, Exam iner........................................
1,791 40
Salary of E. K. Matlock, Examiner (appointed February 20,
1911) ...................................................
1,463 90
Salary of E. P. Hopkins, Examiner (appointed May 1, 1911) .
1,134 90
Salary of J. C. VanCamp, Examiner (appointed June 12,
1911) ........................................................................................
938 74
Salary of W. J. Schechter, Examiner (appointed June 12,
1911) ...............................................................................................
938 74
Salary of A. E. Lark, Examiner (appointed August 7, 1911)..
679 09
Salary of IL A. Morris, Examiner (appointed July 24, 1911).
612 54
Salary of C. O. Ball, Examiner (appointed October 23, 1911).
323 38
Salaries of extra clerks and special examiners.................. 3,686
47
Expenses incurred in examinations of banks...................... 10,159
26
Printing and binding................................................................ 2,723
62
Postage ...............................................................................................
485 00
Miscellaneous, viz: Stationery, express, telephone, telegraph,
office equipment, etc.............................................................
3,174
68
Total ....................................................................................... $47,030 17
Bank supervision cost the State for the year 1911, as shown from above,
$11,266.39. As stated heretofore, 855 examinations of banks were made
during the year, which exceeds the number made in 1910 by 63, notwith
standing the fact that the assets and liabilities of state banks examined
increased approximately $60,000,000.
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Federal Reserve Bank of St. Louis
x xii
STATE
B A N K IN G
D EPARTM EN T.
SE C U R IT IE S C O M M ISS IO N .
The following table shows the steamship bonds which are legal invest
ments for savings deposits of state banks at the date of this report:
N o.
1
2
3
4
5
6
7
8
9
11
12
13
14
17
18
19
20
22
23
24
26
27
29
30
32
33
34
35
36
37
D ate of
approval.
Aug.
Aug.
Sept.
Sept.
Sept.
N am e of com pany.
N am e of steam er.
Amount
bond issue.
H arvey D . G oulder. .
Abraham Stearn........
E ugene Zimmermann
Frank C. B a ll..............
Charles W eston ..........
9,
9,
12,
12,
12,
1906
1906
1906
1906
1906
Hawgood Transit Co................
Commonwealth Steam ship Co
Toledo Steam ship Co...............
Globe Steam ship C o .................
Tonaw anda Transit C o...........
Mar. 26,
Mar. 26,
Mar. 26,
April 10,
Aug. 21,
1907
1907
1907
1907
1907
Dearborn Transit C o .. . .
Franklin Steam ship C o ..
Minerva Steam ship Co.*
Chicago N avigation Co. .
Mesaba Steam ship Co. . .
Aug. 28,
Oct. 8,
Oct. 8,
Oct. 8,
April 2,
1907
1907
1907
1907
1908
Cuyahoga Steam ship Co.*.
Midland N avigation Co.. .
Inter-Ocean Steam ship Co
Cornell Steam ship Co . . . .
Standard Steam snip C o . .
Sheldon P a r k s.
Midland Prince
Sierra ..................
John M itch ell. .
H. P. B o p e . . . .
April
April
Aug.
Jan.
Jan.
2,
2,
13,
13,
13,
1908
1908
1908
1909
1909
Acme Steam ship C o ...
Jenkins Steam ship Co.
Postal Steam ship C o ..
Fremont Steam ship Co
D etroit Steam ship C o .
Ward A m es.............
Charles O. Jenkins
Thom as B arium . .
B. F. B erry..............
Chas. W. K otcher.
2 0 0 ,0 0 0
Jan.
Jani
Jan.
Jan.
Jan.
13,
13,
13,
13,
13,
1909
1909
1909
1909
1909
N eptune Steam ship Co*
Atlas Steam ship C o*.. .
Holm es Steam ship Co. .
Frontier Steam ship C o .
York Transit Co.............
Arthur H . H awgood
W m. A. H aw good. .
Salt Lake C ity .........
Josiah G. M unro.. . .
John J. B olan d .........
2 1 5 .0 0 0
Jan.
Jan.
Jan.
Jan.
Jan.
13,
13,
13,
13,
13,
1909
1909
1909
1909
1909
Shenango Steam ship Co . .
W ainwright Steam ship Co
Alva Steam ship C o ............
Croxton Steam ship C o . . .
Em pire Steam ship Co. . . .
W ilp en.......................
W ain w right.............
M. A. B rad ley........
C aldera.....................
Wm. H . Truesdale.
210,000
18,
18,
18,
18,
18,
1909
1909
1909
1909
1909
V alley Steam ship C o.........
H anna Transit C o ..............
Triton Steam ship Co.........
Haw good Steam ship Co*.
Farrar Transportation Co
Alexis W. T hom pson..
Howard M. Hanna, Jr.
Rufus P. R an n ey .........
W. R. W oodford...........
C ollingw ood....................
157.000
150.000
140.000
215.0 0 0
135.000
Jacob T. K o p p . . . .
Adam E. C ornelius.
James C orrigan ... .
D aniel B. Meachem
Sta d acon a................
G. A. T om linson.. .
165.000
150.000
420,000
150.000
140.000
.
f
\
.
E. L. W allace...........
E. J. E arling.............
H enry A. H awgood
Wm. E. Fitzgerald.
Jas. S. D unham . . .
D. O. M ills..............
$ 190,000
190.000
160.000
175.000
2 0 0 .0 0 0
j
140.000
1 90.000
205.000
280,000
1 45.000
2 0 0 ,0 0 0
130.000
130.000
130.000
200.000
150.000
150.000
160.000
140,000
2 0 0 .0 0 0
2 0 0 ,0 0 0
2 1 0 ,0 0 0
165,000
135.000
155.000
170.000
100.000
42
Mar.
Mar.
Mar.
Mar.
Mar.
43
44
45
46
47
M ay 27, 1909
May 27, 1909
May 27, 1909
June 2 ,1 9 1 0
June 2, 1910
P enn sylvan ia Steam ship Co
American Steam ship C o . . . .
Frontier Steam ship C o .........
Stadacona Steam ship Co__
D ouglas Steam ship Co..........
48
49
50
51
52
June
June
June
June
June
2, 1910
2 ,1 9 1 0
2, 1910
2, 1910
2 ,1 9 1 0
K in ney Steam ship Co. . .
Postal Steam ship C o. . . .
Virginia Steam ship Co . .
T ecum seh Steam ship Co
Shenango Steam ship C o .
J. S. A sh ley...........
John J. Barium . .
Isaac M. S c o t t . . .
Andrew S. U pson
Shenango................
230 ,0 0 0
2, 1910
American Steam ship Co
38
39
40
41
f
1
]
150.000
140.000
150.000
1 2 0 .0 0 0
53
June
54
55
56
N ov. 30, 1910
N ov. 30, 1910
N ov. 30, 1910
N orthern Lake Steam ship Co
A shtabula Steam ship Co........
Northern Lake Steam ship Co
Theodore H. W ickwire
Clifford F. M oll.............
O n tario ............................
N o rm an ia ........................
C ham plain.......................
320.0 0 0
160.000
150.000
160.000
57
58
59
60
N ov.
N ov.
N ov.
N ov.
30,
30,
30,
30,
1910
1910
1910
1910
Northern Lake Steam ship C o ..........
W isconsin T ransportation Co...........
U nited States Transportation C o...
R aleigh Steam ship Co.........................
St. Clair............................
John P. R e is s .. ............
N o r w a y ............................
Charles L. H utchinson
1 60,000
150.000
160.000
150,000
61
62
63
64
N ov.
N ov.
N ov.
N ov.
30,
30,
30,
30,
1910
1910
1910
1910
N orth American Steam ship Co . . . .
N orth American Steam ship C o . . . .
Franklin Steam ship Co.......................
American Steam ship C o ................ j
A. M. B ey ers.............................
Peter R e is s ................................
E. H. U tle y ................................
Theodore H . W ickwire, Jr. . 1
Harry Y a te s .............................. J
1 45.000
1 45.000
150.000
320.000
C o n so lid a ted w ith th e Com m onwealth Steam ship Co.
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Federal Reserve Bank of St. Louis
REPORT
OF
TH E
CO M M ISSIO NER.
xxiii
During the year bond issues on following mentioned steamships were
retired and mortgages securing same discharged on the dates given:
N am e of com pany.
D ate
discharged.
Feb.
11, 1911
W estern Transit C o..................................................................... {
June
June
June
June
1 1 ,1911
11,1911
11,1911
11,1911
L C. Sm ith Transit C o................................................................ ..
L. C. Sm ith Transit Co...................................................................
American Transit Co ...................................................................
W ilkinson T ransportation Co.................................................. j
N am e of steam er.
W m . M. Mills.
Legrand D . DeGraff.
William B. Kerr.
Chas. Hubbard.
Sm ith Thompson.
John D unn, Jr.
J. F. Durst on.
A. E. N ettleton .
During the year the Securities Commission lias had under considera
tion applications for the approval of bonds coming within the provisions
of subdivision (f) of Section 27 of the banking law, particularly with
reference to gas bonds. At a meeting of such commission held on June
1, 1911, a ruling was made that “the mortgage securing a bond issue,
executed by any corporation of the character mentioned in said subdivi
sion of Section 27. must provide for the payment and retirement of at
least 20 per cent of the total bond issue within the first five years of
the period specified for the payment and retirement of all bonds, and
an equal percentage of the balance of such bonds must be retired each
year of such period thereafter; also that such corporations must furnish
the commission certified copies of franchises and all proceedings had in
connection therewith.”
This commission, in view of the present depression and changes that
have taken place in the last three years in the bulk freight business of
the Great Lakes, and in the increase of vessel tonnage and improved
facilities for loading and unloading, resulting in greatly increased carry
ing capacity and excess of vessel tonnage over the commodities to be
carried, decided on June 1, 1911, to take no immediate action with
reference to any applications for the approval of steamship bonds. Other
applications have since been made for the approval of certain steamship
bonds, and hearings had with representatives of interested parties, in
cluding ship building companies, and as a result the foregoing ruling
was modified to the extent that only such steamship bonds will be ap
proved in the future where it is absolutely proven to the satisfaction
of the commission that the steamship companies have bona fide con
tracts with responsible persons or corporations for the carrying and
transportation of commodities to insure the steady employment of such
steamships during the life time of the bond issue.
T IM B E R
BONDS.
During the year numerous inquiries have been received asking the
Department’s opinion as to various issues of timber bonds. Under the
ruling of the Attorney General, rendered October 12, 1910, only such
bonds are legal investments for the three-fifths of savings deposits men
tioned in Section 27 of the banking law, where the mortgage securing
same is trusteed by, and deposited with, a Michigan trust company.
This affords the Department access to the mortgage securing the bond
issue. However, as a general proposition, the Department looks with
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Federal Reserve Bank of St. Louis
X X IV
STATE
B A N K IN G
DEPARTM ENT.
suspicion upon such investments, unless the men controlling the com
pany are practical lumbermen, of sound business methods, have suffi
cient personal capital invested to insure the success of the enterprise,
and who, with the officers and directors of the company, personally
guarantee the payment of such bonds. I have personal knowledge of a
case where a timber bond issue of $900,000 was sought to be floated, where
the same tract of land was previously offered to a well-known Detroit
lumberman for $400,000. In discussing the matter of timber bonds
with other bank commissioners it was learned that an issue of bonds
in the south had been sold, where later developments showed that
the timber had been cut from the land years before. Directors of state
banks cannot be too careful in their investigations as to the character
and financial responsibility of the men behind such enterprises; or in
determining that the companies have on the tracts the amount of market
able timber set forth in the prospectuses issued by the various bond
houses.
IRR IGA TION BONDS.
We deem it our duty at this time to say that investments in irrigation
bonds have thus far proven very unsatisfactory. Several issues of bonds
of this character have principal and interest long past due, and instances
are known where substantial losses have been made and charged to profit
and loss. We are reliably informed that the land covered by one issue
was bonded to the extent of $32.00 per acre, with the expectation of being
able to deliver water thereon to the extent of five-eighths of an “acrefoot” per year, which is about seven inches of water per annum. This
land, for grazing purposes, had a value of $2.00 or $3.00 per acre, and
a $32.00 debt for only seven inches of water per year is certainly a foolish
proposition. Indeed, it is altogether likely that the water will never be
delivered, for which purpose the bonds were issued, and as a consequence
the people owning the land in this district will not pay the taxes. Upon
request for information, a well known and responsible bond firm in the
west writes the Department that “this particular issue is looked upon
as a scheme of a lot of land holders possessing considerable dry land
of no particular value, to make it appear as though the land were really
going to be irrigated and then unload the land on ‘eastern suckers.’ ”
Irrigation bonds are issued as a rule in advance of any construction
work, and as the intrinsic value of the land without water is such a
small percentage of the bond issue, and inasmuch as the ultimate success
of the project constitutes the one real element of value, the Department
will continue to frown on investments therein by state banks.
SEGREGATION OF D E PO SIT S.
The law requiring the absolute separation and segregation of savings
deposits and investments has now been in operation for two years, and
the objections raised when the matter was agitated are shown to be
without any force, in view of the showing made by the state banks in
Michigan during this period. So far as the operation of the law in Michi
gan is concerned, the objection that it it would tend to restrict loans to
the business interests of a locality, from the fact that a larger part of
the savings deposits would be invested in mortgages and bonds, has not
been sustained.
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REPORT
OF
TH E
COM M ISSIONER.
XXV
The following table is submitted in this connection:
Date of report.
Jan.
Mar.
June
Sept.
Dec.
Savings
deposits.
Total savings
investments.
Mortgage
and bond
investments
required.
7,1911.. $171,793,371 25 $175.253,462 03 $84,841,704
86,106,750
7,1911.. 176,144,321 73 179,868,386 31
88,396,816
7,1911.. 180,944,908 85 185,069,662 89
91,783,697
1,1911.. 185,043,084 26 188,167,838 30
1
94,038,467
5,1911.. 190,590,212 51 194,921,015 34
Total
mortgage
and bond
investments.
31 $107,565,242 00
27 109,914,096 00
50 115,284,152 59
70 118,332,976 66
13 121,506,222 87
Amount
Amount
savings deposits savings deposits
actually
permitted to be
invested in
invested in
commercial
commercial
paper.
paper.
$60,021,227
61,128,564
64,155,965
64,313,886
67,023,114
00 $37,297,689 31
79 37,321,219 06
05 37,268,628 96
84 38,513,866 69
27 39,555,358 53
An analysis of the above shows conclusively that the commercial needs
of the state have not been restricted on account of the operation of the
law. The report of December 5, 1911, shows that commercial or business
needs were amply supplied. State banks on that date had discounts
of this character "in the savings department aggregating $39,555,358.53,
notwithstanding the fact that they could, if necessary, avail themselves
to the amount of $63,023,114.27.
The segregation of savings investments has not, in Michigan, led to
any lack of confidence on the part of either savings or commercial de
positors. This is evidenced by the fact that since the law1 went into
operation savings deposits have increased approximately $34,000,000;
while the commercial deposits show a gain of approximately $20,000,000.
RECOMMENDATIONS.
No withstanding the fact that Michigan has a good workable banking
law, comparing favorably with banking statutes of the older states,
yet the history of bank failures in the past shows the law should be
strengthened and the scope of the Department enlarged in several
directions.
O R G ANIZATION
OF B A N K S .
The principal weakness of the banking laws of the several states (and
Michigan is no exception) is the absence of authority delegated to super
visors or commissioners of the several state departments to prevent the
organization of banks by undesirable parties, or those who are unfit alike
from standpoint of character, financial responsibility and experience.
In Michigan, at the present time, state banks may be organized by
such persons and the law confers no express authority upon the commis
sioner to withhold approval of application to organize or to refuse
charter. The law should be amended in this respect, making it the im
perative duty of the Commissioner of Banking to determine the finan
cial responsibility and standing of stockholders in a proposed bank, and
to investigate the character and experience of those who are to be in
active charge, and the authority to refuse to approve application to
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Federal Reserve Bank of St. Louis
STA TE
XXVI
B A N K IN G
DEPARTM ENT.
organize or to refuse to issue charter where investigation is not satis
factory.
I am also convinced that the Department should have authority to
exercise its discretion in the matter of passing upon the necessity of
new banks in communities already having 'state or national banking
facilities. The promiscuous chartering of banks in this respect does not
tend toward conservative methods, either on the part of the new bank
or the older established institutions. A new bank in a community which
is already afforded ample banking facilities, tends to the making of
unsafe loans, ais such banks may be contemplated by irresponsible par
ties who, on account of their standing, have not been able to procure
credit from established banks in such communities, and are interested
in the new organization with a view only of controlling and obtaining
credit which their financial responsibility does not warrant.
The attempt by a certain foreign corporation to establish a chain of
banks in Michigan, during the past year, demands, in my opinion, the
conferring of such authority on the Commisisioner of Banking. It is true
the Department has, with much difficulty, frustrated such a plan during
the past year, but the promotion of unsafe banks, or a syndicate of such
banks, can be more easily prevented by proper statutory enactment.
BANKS
NOT TO LOAN TO O FFICERS.
The extent to which officers themselves borrow from their banks or
for corporations with which they are prominently and actively identified,
will, if continued, force general legislation prohibiting officers or direc
tors becoming borrowers from banks which they control. Under the
present law an officer (who is also a director) must own at least ten
shares of capital stock and can borrow not to exceed twenty per cent of
the bank’s capital stock and surplus, which in the smaller banks would
amount at least to four times the par value of the stock, the size of the
loans increasing proportionately in banks with larger capitalization. The
danger is obvious where such officers or directors of banks control or own
corporations which are also permitted to borrow the maximum amount
permitted by law. In fact, the history of the Department shows instances
where an officer had borrowed the maximum amount in his own name,
and a like amount for each of several other corporations practically
owned by him. These conditions eventually led to failure. This is now
permissible by law and is an evil certain to cause future loss and disaster
unless remedied by proper legislation. In my opinion, the time is now
ripe for a restrictive legislative enactment in this regard, and which,
if adopted, will do much to prevent the recurrence of bank failures such
as Michigan and other states have witnessed in the past, chargeable solely
to this condition.
DIRECTORS DECLARED IN E L IG IB L E FOR IN A C T IV IT Y ON BOARDS.
The question of inactivity of bank directors has been a fruitful subject
for discussion for many years, and while the directorates of banks are
much more active than at any time in the history of incorporated bank
ing, there yet remains room for improvement. There are bank directors
in this and other states who are directors in name only; seldom if ever
attending meetings of their board, having no voice in the bank’s manage
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Federal Reserve Bank of St. Louis
REPORT
OF
TH E
CO M M ISSIO NER.
X X V ll
ment, yet whose names on the list of directors inspire confidence on the
part of the public, the latter being entirely ignorant of the directors’
inactivity or indifference.
I am in favor of and heartily recommend an amendment to the law
which would make a director ineligible (as such in any state bank) for
a period of five years, who inexcusably missed directors’ meetings for
three consecutive months. A dummy director has no place on the direc
torate of an incorporated bank.
A DIRECTOR-M ANAGER OP A B A N K NOT TO PA R T IC IPA T E IN DIRECTORS’ E X A M
IN A T IO N S .
The experience of the Department during 1911, brings home the fact
that a director who is- also the active officer or manager of a bank, should
not participate nor assist other directors in their examinations, which
the law now provides must take place once each six months.
In bringing to task a board of directors who had failed to discover
a large amount of worthless paper (afterwards determined by the De
partment), it was learned that the cashier (who was also a director) par
ticipated in the examination and concealed from the other directors such
worthless paper, the amount of which however was included in the total
loans, which was possible by his operation of the adding machine. This
condition had existed for some time and was eventually the cause of con
siderable loss to the bank. Had the directors conducted the examina
tion without the cashier’s assistance the worthless paper would undoubt
edly have been discovered and the closing of the bank made unnecessary.
M IC H IG A N RESERVE C IT IE S.
With reference to Michigan reserve cities for state banks, the law
should be changed in such a manner as to provide that incorporated
banks therein desiring to become depositories for state banks, shall main
tain a legal reserve of at least twenty per cent of commercial deposits,
and a cash reserve in vault of not less than ten per cent of such deposits.
At the present time the law provides that incorporated banks in the cities
of Detroit and Grand Rapids only shall maintain commercial legal and
cash reserves of the above named percentage.
E X A M IN A T IO N OF RECEIVERS’ A F F A IR S.
There should be an amendment to the law, making it the duty of the
banking department to examine into the condition of the receiverships
of insolvent banks before directing the payment of dividends, as already
provided by law. or accepting final reports.
At present the Commissioner of Banking is required to direct and ap
prove the payment of dividends and accept financial reports of receivers,
but has no statutory authority to determine whether or not assets have
been properly converted into cash and applied to the payment of deposi
tors and other creditors.
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STA TE
x x v iii
RESERVE
BANKS
B A N K IN G
TO F U R N I S H
D A IL Y
DEPARTM ENT.
ST A T E M E N T S
OF A C COUNT TO CORRE
SP O N D E N T S.
The absolute reconcilement of bank accounts in every instance has been
a difficult matter to bring about by examiners, considering the limited
time allotted for examinations and in view of the prevailing practice of
reserve banks in rendering monthly statements only.
In order to facilitate reconcilements, the law should make it a condi
tion precedent to the approval of reserve cities, that all incorporated
banks therein furnish to state bank correspondents a daily statement of
account as shown by their books at the close of business each day. This
system has been adopted in another state with good results.
A M E N D M E N T TO LA W
A U T H O R IZ IN G E X T E N S IO N
OF CORPORATE E X IS T E N C E .
The act authorizing the extension of corporate existence of state banks
should be amended in such a manner as to give the banking department
the right to take possession of a bank and wind up its affairs for the
purpose of protecting depositors’ interests, where such bank is not in
a satisfactory condition and refuses to comply with the requirements of
the Department and, as a consequence, ceases to be a de-facto corpora
tion because of the refusal of the commissioner to grant extension.
A M E N D M E N T TO SE C T IO N S R ELA TIN G TO L IQ U ID A T IO N A N D CONSO LIDA TIO N OF
BA NK S.
A change in the present law relating to liquidation and consolidation
of state banks is, in my opinion, necessary. All proceedings authorizing
liquidation and consolidation should be required by statute to be adopted
and voted by stockholders representing at least two-thirds of the stock ;
a liquidating committee of at least three stockholders provided for, which
must report to the Department every thirty days and with authority
conferred on the Banking Department to examine at any time and take
possession and liquidate if it appears the interests of depositors and
creditors are in jeopardy.
Some years ago, a state bank in a dangerous condition, voted to go into
liquidation, and having complied with the law, the Department was
powerless to step in and protect the depositors. The liquidation of this
bank was a farce, pure and simple, as it immediately proceeded to trans
act business as a private institution which afterwards failed, entailing
large loss to its depositors and creditors.
The law should be amended in such a manner as to prevent a recurrence
of this incident. This can easily be accomplished by making it the duty
of the Department to examine into the affairs of a bank before consent
ing to its liquidation or its consolidation with another bank.
AM ENDM ENT
TO
PR E V E N T
H Y P O T H E C A T IO N
OF
STOCK.
I believe the law should be amended in such a manner as to require
that all directors of state banks deposit with the State Treasurer at least
ten shares of bank’s capital stock owned by them. This will prevent
hypothecation of such stock which the law now prohibits but Which the
Department finds has been done in the past.
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REPORT
OF
THE
CO M M ISSIO NER.
X X IX
OVERDRAFTS.
The Department has taken the position that the practice of permitting
overdrafts constitutes illegal banking, for the reason that it is not specifi
cally authorized in the law. It is true that our banking law indirectly
recognizes overdrafts by requiring that those of ninety days duration
shall not be carried as assets. Over drafts are enforced loans—the pay
ing out of depositors’ funds without authority at law, and is an abuse
which ninety-nine per cent of the banks are desirous of correcting. In
other states, directors, officers and employes of banks overdrawing their
accounts, are deemed to be guilty of a misdemeanor or felony, while
others make the cashier or executive officer of a bank personally respon
sible for all overdrawn accounts. In one state the statute provides that
any person drawing a check, draft or order on a bank, knowing at the
time he lias no funds or credit to meet it, is subject to certain penalties.
I am in favor of amending the Michigan law in the direction of mak
ing it a misdemeanor for any director, officer or employe to knowingly
overdraw his account, and at the same time to provide a penalty for any
person who knowingly overdraws by check or otherwise. In this connec
tion your attention is respectfully called to the language of the Supreme
Court of the United States in 1 Peters, page 71:
“A usage to allow customers to overdraw, and to have their checks
and notes charged up, without present funds in the bank—stripped of all
technical disguise, the usage and practice, thus attempted to be sanc
tioned, is a usage and practice to misapply the funds of the bank; and
to connive at the withdrawal of the same, without any security, in favor
of certain privileged persons. Such a usage and practice is surely a
manifest departure from the duty, both of the directors and cashier, as
cannot receive any countenance in a court of justice. It could not be
supported by any vote of the directors, however formal; and, therefore,
whenever done by the cashier, is at his own peril, and upon the respon
sibility of himself and his sureties. It is anything but ‘well and truly
executing his duties as cashier.’ ”
A M E N D M E N T TO LA W AS TO S T E A M S H IP BONDS.
That part of the law which permits of investments in steamship bonds
by savings banks should be amended to provide that such bonds shall be
upon steamships of not less than 7,000 tons carrying capacity. It is the
concensus of the opinion of the members, of the Securities, Commission,
as a result of several hearings on the matter of approval of such bonds,
that in the future it will be difficult for boats of a less carrying capacity,
under the conditions existing on the Great Lakes, to compete with the
larger crafts and show sufficient earnings to retire bonds and pay interest
in the manner already required by law, much less pay any dividends on
stock.
REPORTS AT STATED DATES OF C ERTA IN LOANS.
For the purpose of arriving at the aggregate lines of large borrowers
I believe it would be a wise provision if the law were amended to give
the Department the right to call simultaneously on state banks for a list
of all loans in excess of ten per cent of capital and surplus in the smaller
banks, and a list of all loans in excess of $5,000 or $10,000 in the larger
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Federal Reserve Bank of St. Louis
STA TE
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B A N K IN G
DEPARTM ENT.
banks. At present it is almost impossible for the Department to arrive
at the total loans from state banks of any person, firm or corporation,
for the reason that the examinations are made on various dates. If this
information could be obtained from all state banks, sav once each six
months, it would not only be useful to the Department, but valuable as
well to the banks. It would then be possible to arrive at the aggregate
loans of large borrowers, and if such were deemed excessive a further
extension of credit could be retarded, and the banks saved from probable
loss. It cannot be denied that better results; would be accomplished if
the federal act could be amended along the same line, and with the na
tional and state banking departments working together the danger of
excessive loans would to a large extent be eliminated. This, in my mind,
would eliminate a weakness which exists in the banking laws of the
country as a whole at the present time.
STATE F U N D S TO BE DEPOSITED IN STATE B A N K S O N L Y .
I am heartily in favor of an amendment to the law, providing that
state funds shall be deposited in state banks only. Of late years the
banking department, in the eyes of the public at least, must share with
the State Treasurer the responsibility for state funds deposited in banks,
and is supposed to apprise the State Treasurer as to the solvency of any
such depository. I can see no reason, therefore, why state funds should
not be deposited exclusively in banks that are subject to state super
vision, as by so doing the Banking Commissioner and State Treasurer
will at all times be fully advised as to the exact condition of banks
where such funds are or will be deposited.
C A N C EL L A TIO N OF B A N K STOCK.
The banking law should also be amended by providing the proper
machinery for the cancellation of shares of stock on which the bank has
a statutory lien. At the present time the law is indefinite as to how
banks shall proceed to cancel such stock and as how to proceed to
reissue and resell the same.
INC R E A SE IN E X A M IN E R S^ SA L A R IE S.
Since the organization of the Department the position of bank exam
iner has been used as a stepping stone to procure more lucrative posi
tions with banking institutions. With a very few exceptions, former
bank examiners are now employed by banks at salaries in advance of
that paid by the state. The experience gained and acquaintances made
by these men in the discharge of their duties have made their services
invaluable to banks. In some instances the state has paid for the edu
cation of these men, and just at a time when they have reached their
highest efficiency as examiners they have resigned to take higher salaried
positions. Bank examiners, in my opinion, should receive a salary of
$2,500. Such a compensation would accomplish much in the direction
of procuring and retaining the services of better men for the state, and
I, therefore, recommend that the law be amended in this direction. An
incompetent examiner is a public menace.
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REPORT
OP
PO STAL
TH E
CO M M ISSIO NER.
SA V IN G S
XXXI
D E PO SIT S.
Your attention is called to the opinion of the attorney general, relating
to state banks becoming depositories for postal savings funds.
From these opinions it will be seen that state banks cannot pledge
assets for the purpose of obtaining such deposits, but stockholders or
directors may pledge bonds actually owned by them for the purpose of
having the banks in which they are interested designated as depositories.
The banking law, in my opinion, should be amended in such a manner
as to permit a state bank to pledge its assets in this respect.
D E P A R T M E N T SH O U L D BE S E L F -S U S T A IN IN G .
As stated before, the net cost to the state of bank supervision in Michi
gan for 1911 was $11,266.39. In view of the fact that the legislature has
seen fit to require at least two examinations of state banks each year,
without providing for an additional examination fee to be collected from
banks, I am in favor of an amendment to the law in the direction of
increasing the minimum fee from $25.00 to $50.00; any deficiency then
appearing to be pro rated among all banks according to their total foot
ings, as shown by the last reports of condition made to the Department
in each year.
All of which is respectfully submitted.
E
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Federal Reserve Bank of St. Louis
OPINIONS OF THE ATTORNEY GENERAL.
E X C E SSIV E
LO A N S.
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 Banking Law in this regard as submitted to this department by the Attorney
General in the year, 1903:
Lansing, Midi., 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.
referring 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-thirds 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
6141 of the Compiled Laws, being section 52 of the General Banking
Law of this State, which provides in part as followsi: “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-fiftli 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,
including 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
amount of the capital stock of such association actually paid in; but
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Federal Reserve Bank of St. Louis
XXXVI
STATE
B A N K IN G
DEPARTM ENT.
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, lias 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 29th 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. It 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 Amer. & Eng. Ency. 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 Pratt’s Digest, pages 93-94-95, in their applica
tion to national banks, but I 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
respect to statutory or constitutional inhibitions, that you cannot do
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indirectly 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, Vol. 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. Pratt’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
exclusively 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
be 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-fifth 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 I 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, Vol. 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 of proceeds of sales
in the hands of the consignees.” This rule, of course, applies to the
federal statute. The State and federal statute being identical in this
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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, 1909, 1910 and 1911 by the Attorney General’s department on
questions concerning the construction of the Banking Law.
\
CORPORATION STO C K S AS T R U ST C O M PA N Y
IN V E S T M E N T S .
Lansing, Michigan, March 21, 1907.
Hon. Henry M. Zimmermann, Banking Commissioner, Lansing, Mich.:
Dear Sir—This department has given careful consideration of your
inquiry of the 13th inst., ais to whether trust companies organized under
Act No. 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 0166) 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 ,
A ttorney General.
A U T H O R IT Y
TO
SU B SC R IB E
A R TIC LES
OF
INCORPORATION
AS
"T R U ST EE '”
R EQUIRED.
Lansing, Michigan, August 7, 1907.
Hon. Henry M. Zimmermann, Commissioner State Banking Department,
“Capitol,” Lansing:
Dear Sir—It 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
be proper for you to issue the certificate of authority provided for by
section 7 of the General Banking Law.
Tn reply thereto would say that section 2 of the Banking- Law requires
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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 incidental and
necessarily preliminary to its organization until it has been authorized
by the Commissioner of the banking department to commence the busi
ness of banking.” The articles of incorporation are required to be exe
cuted 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 banking law; 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 Com
missioner. When the statute is not complied with in any essential par
ticular, it is clearly my opinion that such certificate of authority should
be withheld, i t seems to me that articles of incorporation 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 con
ditions as you have outlined, it would be your duty to refuse to issue
the certificate of authority provided for by law.
I 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. It is sufficient to say that it does not
conform to the requirements of the General Banking Law.
Respectfully yours,
J no. E . B
ir d ,
Attorney General.
C ERT IFIC A TE S
OF
IN D E B T E D N E SS
AS
LEGAL
IN V E S T M E N T S .
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 16tli
inist. in which you ask whether or not certificates of indebtedness issued
in payment for voting machines under the provisions of section 13 of
Act 217 of the Public Acts of 1905 are proper investments for savings
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:
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“ (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.”
You also state that it has always been the ruling of the banking de
partment 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
approval 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, savings banks may lawfully invest their funds in such
certificates of indebtedness.
Respectfully yours,
•Jn o . E. B ir d ,
Attorney General.
STR IC TLY C O M M ER C IA L B A N K S M U S T A M E N D A R TIC LES TO T R A N SA C T SA V IN G S
B U S IN E S S .
Lansing, Michigan, October 28, 1907.
Hon. 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 bank organ
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ized as a purely commercial bank under the General Banking Law
of the State is authorized to advertise for savings deposits and do a
general banking business under the exception contained in section 24 of
that 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 with
out 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 be
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.”
Beading 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.
Kespectfully yours,
J n o . E. B ir d ,
A ttorney General.
B A N K S C A N N O T E X T E N D T H E IR CREDIT TO A N IN D IV ID U A L OR B A N K .
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 the.................. bank.
It appears from your communication that this bank, by an arrange
ment with certain private banks, permits the latter to issue drafts pay
able out of the funds of the former bank on deposit with its correspond
ent banks at New York and Chicago. You state that von have taken
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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 an 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
arrangement.
Respectfully yours,
J n o . E. B ir d ,
Attorney General.
S IM IL A R IT Y OF T R U ST C O M PA N Y T IT L E S .
June 30, 1908.
Hon. Henry M. Zimmermann, Commissioner of Banking, Lansing, Michi
gan :
Dear Sir—I am in receipt 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
corporation 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
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;
Penberthy Injector Co. v. Lee-Penberthv Mfg. Co., 120. Mich
174;
"
Supreme Lodge Knights of Pythias 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
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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 no. E . B
ir d ,
A ttorney General.
ASSESSM EN T
IN CASE OP IM P A IR M E N T NOT A U T H O R IZ E D .
July 29, 1908.
Hon. Henry M. Zimmermann, Commissioner of Banking,
Lansing:
“Capitol,”
Dear Sir—We have carefully examined the letter o f.................. cashier
of the..................................... 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. It 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.
It is our view of this statute that it contemplates a voluntary contri
bution on the 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,
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Federal Reserve Bank of St. Louis
J no. E . B
ir d ,
A ttorney General.
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FOREIGN B A N K S N O T PE R M IT T ED TO TR A N SA C T B U S IN E S S .
July 29, 1908.
Hon. Henry M. Ziminermann, Commissioner of Banking,
Lansing:
/
“Capitol,”
Dear 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 banking
department 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
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 n o . E. B i r d ,
A ttorney General.
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COM M ISSIONER.
INC R EA SE OF C A PITA L N O T REQUIRED P.Y B A N K S IN E X T E N S IO N OF CORPORATE
L IM IT S .
BRANCH
BANK S
PE R M IT T E D
IN
C E RT A IN
IN S T A N C E S .
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 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.
The contingency arising in the case of the bank to which you refer
apparently was not anticipated by the framer's of the General Banking
Law as that law contains no provision requiring a bank established
within a village which becomes located in a city by reason of the exten
sion of the corporate limits of the city to increase its capital in accord
ance with the population of that city. Neither is there in the BankingLaw 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
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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
establish 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:
J
“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 sometime 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
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,
(Signed) J n o . E. B ir d ,
A ttorney General.
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C O M PA N IE S
NOT LEGAL
IN V E S T M E N T S .
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 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;”
It 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
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 necessarv 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 deposit
companies organized under the laws of this State referred to in the
amendment to the General Banking Law must be held to refer to colG
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lateral deposit companies organized under the provisions of Act 240 of
the Public Acts of 1907. I 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.
Bespectfully yours,
(S ig n e d )
J n o . E . B ir d ,
Attorney General.
STATE B A N K S ORGANIZED BY STO CKHOLDERS OP N A T IO 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 29th 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 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 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 indorse
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
national bank in a pro rata amount of the capital stock of the State
bank and that said beneficial interest cannot be sold or transferred
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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 iis 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. It 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. It does not seem that there is in
that case such a restraint upon the alienation of the shares as would
render 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 n o . E. B ir d ,
Attorney General.
B A N K E X A M IN E R S P U B L IC OFFICER S.
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.
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In reply thereto will say that Section 3 of Article XVI of the revised
constitution provides1, 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 his authority.”
Section 38 of the Banking Law provides for the appointment of bank
examiners, fixes their salariéis 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
authorizes 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 statute
in question delegates sovereign functions to the examiner and the powers
are created and conferred by law, the two essentials to the creation of
an office as pointed out by Prof. Mechem. 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
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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. 12G,
Somers v. State, 5 S. D. 321,
58 N. W. 804,
id.
5 S. D. 584,
59 N. W. 902.
“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.
Very respectfully yours,
(S ig n e d )
J n o . E . B ir d ,
Attorney General.
C A PIT A L STOCK R E Q U IR E M E N T S OF B A N K S
AFFEC TED BY E X T E N S IO N
OF COR
PORATE L IM IT S .
NOV.
12, 1909.
Hon. Henry M. Zimmermann, Commissioner of Banking, Capitol Lan
sing :
Dear Sir—Replying to your letter of the 19th ult., in which you re
quest our opinion as to whether t h e .............................. Bank which was
located in the village o f ............. 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
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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 o f..................
to the city o f.............. 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 in ..............; that the annexation 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 banks 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 bank
to substantially reorganize by increasing its capital, without increasing
its capital stock to at least the minimum amount required for the city
o f.............., would, in my judgment, do violence to the intent of the legisilature, 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 o f................
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 appli
cable 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
having a population of over one hundred and ten thousand inhabitants,
as prescribed by Section 1 of the Banking Law.
Very truly yours,
(Signed) J n o . E. B ir d ,
Attorney General.
C O N ST IT U E N T CORPORATIONS E N T IT L E D TO T W E N T Y PE R C E N T LOAN L IM IT .
January 20, 1910.
Hon. Henry M. Zimmermann, Commissioner of Banking, Capitol Lan
sing :
Dear Sir—We are in receipt of your letters of the 14th instant in
which you ask :
“In this State, where a corporation is in operation and control of other
corporations by having acquired a majority of the stock of such corpora
tions what would be the limitation of credit lines which might be ex
tended these corporations, both parent and subsidiary, by our State
banks, under the Banking Law, ‘exclusive of real estate or other col
lateral loans authorized by statute?”
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Section 6141 C. L. 1897 as amended, being Section 52 of the Banking
Law, provides as follows :
“The total liabilities 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 liabilities of the several members thereof, ex
cept special partners, shall at no time exceed one-tenth part of the
amount of the capital and surplus 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 by a two-thirds vote of directors, the liabilities
to any bank of any person or company or corporation or firm may be
increased to a sum not exceeding one-fifth of the capital and surplus of
bank: * * *”
It will be noted that in the case of a company or firm the line of
credit includes the liabilities of the company or firm and the several
members thereof, except special partners, while no such restriction ap
pears in the case of the corporation. Corporations are recognized by
law as distinct legal entities regardless of the ownership of the stock.
While we appreciate the fact that the effect of extending a 20 per cent
line of credit to each corporation might in some cases be equivalent in
its effect to extending a 40 per cent line of credit to one corporation,
yet we are satisfied that the statute does not authorize interference by
the banking commissioner when the 20 per cent line to each corporation
is not exceeded. The situation is one that might properly be brought to
the attention of the legislature.
Very respectfully yours,
(Signed) J n o . E . B i r d ,
A ttorney General.
DIRECTORS* N O T E S , IN
L IE U
OF A S S E S S M E N T N O T P E R M IS SIB L E .
March 16, 1910.
Hon. Henry M. Zimmermann, Commissioner of the Banking Department,
Lansing, Michigan:
Dear Sir—I am in receipt of your communication of the 14th ultimo,
requesting my opinion on the following proposition:
“If in case of the impairment of the capital of one of our state banks,
in lieu of an assessment, a promissory note were given by the directors
to the bank, pledging their personal responsibility to its payment, but
with the expectation that the stockholders will authorize its retirement
from the earnings of the bank, could the makers of the note in case of
the earnings of the bank failing to satisfy it avoid payment on the
ground of no consideration ?”
Replying thereto would say that section 6135 of the Compiled Laws,
being section 46 of the act providing for the incorporation of banks in
this state, in part, reads as follows:
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“The stockholders of every bank shall be individually liable, equally
and ratably, and not one for another, for the benefit of the depositors in
said bank to the amount of their stock at the par value thereof, in addi
tion to the said stock
As a general proposition the directors of a bank organized under the
general banking law of this state are not liable where the capital has
been impaired except as stockholders, and under the provision above
quoted this liability of the stockholders is “equally and ratably, and not
one for another.” For the purpose of avoiding liquidation under cir
cumstances such as you have outlined, the commissioner of the banking
department is clothed with certain discretionary powers to approve of
such action on the part of the directors or stockholders as will make
good such impairment and fully protect the depositors and creditors of
the bank, but such impairment cannot be made good under the law by
any transaction in the nature of a loan, as such a transaction would
increase the liabilities of the bank to an amount equal to the sum re
ceived. In other words, a director or stockholder may make good the
impairment of the capital of a, state bank in lieu of an assessment or for
the purpose of avoiding liquidation, but there can be no contingent lia
bility therefor on the part of the bank. No action should be approved
by the commissioner of the banking department which would leave un
certain the capital of a bank in this particular.
It is my opinion that the course suggested in your communication is
not in harmony with the spirit and intent of the general banking law of
this state, and particularly those provisions designed for the protection
of depositors and creditors thereof.
Respectfully yours,
(S ig n e d )
J n o . E . B ir d ,
A ttorney General.
REAL E ST A TE
MORTGAGES NOT TO BE D EPOSITED W I T H
COLLATERAL D E PO SIT
C O M P A N IE S.
October 12, 1910.
Hon. Henry M. Zimmermann, Commissioner of the Banking Department,
Capitol, Lansing:
Dear Sir—We have given careful consideration to your letter of Sep
tember 22d, in which you submit the inquiry as to whether real estate
mortgages may be deposited with collateral deposit companies organ
ized under the provisions of Act 240 Public Acts of 1907 and partici
pation notes therein thereby become lawful investments for savings
banks. A conference with the representatives of the institutions affected
by the question above stated has developed additional questions, namely :
if collateral deposit companies may not be the depositories for such mort
gages, may a domestic trust company be such depository; also may
a foreign trust company or a domestic corporation, partnership or indi
vidual not subject to supervision of the banking department be such
depository.
The statutory provisions involved in the questions above submitted are
Section 9 of Act 240 Public Acts of 1907, which reads as follows :
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“Any corporation organized under this act shall have power to con
duct a safety deposit business for the safe keeping of any personal prop
erty, and provide proper vaults and premises for the same; and shall
also have power to receive on deposit, in trust, any personal property
deposited with it by individuals, partnerships or corporations, as col
lateral security for the payment of bonds, or other obligations issued by
such individuals, partnerships or corporations, and to enter into and
execute any instruments in writing necessary and proper to carry such
trusts into effect.”
Also subdivision I of Section 27 of the Banking Law which authorizes
state banks to loan and invest savings deposits as follows:
“Upon notes or bonds secured by mortgage lien upon unincumbered
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 deposit with the bank of collateral
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 evi
dences of debt the payment of which is secured by such property or se
curities deposited in a collateral deposit company organized under the
laws of this state.”
Also the proviso of Section 52 of the Banking Law, which is as follows:
“Provided, however, That the foregoing limitations shall not apply
to loans on real estate or other collateral securities authorized by this
act and deposited With the bank or a safety and collateral deposit com
pany organized under the laws of this state.”
It is apparent that the proviso to Section 52 can furnish no assistance
in determining the scope of the provisions of Subdivision I of Section
27 by reason of the general rule of statutory construction that a proviso
does not enlarge the scope of the enacting section.
Sutherland’s Statutory Construction, Sec. 352.
It is .also apparent that “notes or bonds secured by mortgage lien,
etc.” are not included among the securities which are authorized to be
deposited in a collateral deposit company under the terms of said Sub
division I of Section 27 above quoted unless it can be said that such
“notes or bonds secured by mortgage lien” are also included in “notes,
bills or other evidences of debt the payment of which is secured by
deposit with the bank of collateral security consisting of personal prop
erty or securities of known marketable value, etc.” We are of the opinion
that they are not so included. It is our view that the second clause
of Subdivision I, being that last above quoted, refers to notes, bills or
evidences of debt which are secured by the deposit of personal chattels
or securities such as promissory notes, bonds or other evidences of debt
the title of which passes by the mere act of delivery. This would, of
course, exclude real estate mortgages. We therefore hold that real
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estate mortgages may not be deposited with collateral deposit companies
organized under the provisions of Act 240 Public Acts of 1907 and par
ticipations therein sold to savings banks as investments.
The first clause of Subdivision I of Section 27 of the Banking Law
authorizes banks to loan savings deposits; “upon notes or bonds secured
by mortgage lien upon unincumbered real estate worth at least double
the amount loaned.” There is nothing in the Banking Law directly
requiring real estate mortgages to be taken in the name of the bank when
such loans are made. We are constrained, however, to hold that the law
contemplates that the bank shall hold the title to such securities. It is
essential that the banking department in making an examination of the
affairs of the bank have an opportunity to examine the mortgages upon
which such notes or bonds are predicated in order that the department
may know the nature of the instrument, the description of the property
and such other facts as .will enable it to determine whether the loan is
proper under the provisions of the statute.
Where, however, such real estate mortgage is placed in a trust com
pany organized under the Michigan laws and over which the banking
commissioner has adequate supervision, we think the commissioner
would be acting within the spirit of the law1 if he permitted the mort
gage to be taken in the name of such trust company and deposited with
it allowing the banks to loan upon participating notes in such mort
gage. We do not, however, believe that a bank would be authorized to
invest in participating notes secured by a mortgage held by a foreign
trust company or by a domestic corporation other than a trust company,
a partnership or individual for the reason that the banking commissioner
would have no authority under the law to examine the mortgage in such
cases and thus determined the propriety of the loan.
We are further of the opinion that Section 9 of Act 240 Public Acts
of 1907 does not authorize a collateral deposit company to be the owner
or trustee of a real estate mortgage, but limits its authority to that of
acting as trustee of personal property and collateral such as would pass
by manual delivery.
Very respectfully yours,
(Signed) F r a n z C. K u h n ,
Attorney General.
PR IV A TE B A N K S NOT D EPOSITORIES FOR P U B L IC F U N D S .
December 7, 1910.
Hon. Henry M. Zimmermann, Commissioner of Banking, Capitol, Lan
sing:
Dear Sir—In response to your request for an opinion upon the ques;tion of whether or not private banks, so-called, may be designated as
depositories of county funds, under the provisions of Act 99, Public
Acts of 1909, I desire to say that the act in its title and provisions
refers to the designation of “a bank or banks” as depositories without
specifying whether private or incorporated banks were intended.
I am of the opinion that the statute should not be construed to in
clude private banks. Generally, when reference is made to a bank this
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means an incorporated bank and not a private bank. For example, when
a note is made payable at any bank in a city, this is held to mean an
institution incorporated for banking purposes and does not include a
private bank.
Way vs. Butterwortli, 106 Mass. 75:
Way vs. Butterwortli, 108 Mass. 509.
The legislature has passed a law providing for the incorporation and
organization of banks and making them subject to the state supervision.
Under that law, as under the federal law providing for the organization
of national banks, the stockholders are liable in double the amount of
the stock held by them. It seems to me that when reference is made in
the statute to a bank, it means an incorporated bank organized under
the state or national banking laws. A private banker, so-called, con
ducts his business under Chapter 133 of the Compiled Laws of 1897, the
same being an act relative to brokers and exchange dealers. The law
prohibits the private banker from advertising or putting up any sign
tending to convey the impression that the place of business is an organ
ized bank. If he advertises, he must use his individual name and may
add thereto “bank,” “banking office” or “exchange office.”
I do not think the place of business of one conducting a private bank is
a bank within the meaning of Act 99, Public Acts of 1909.
A somewhat similar question was before the court in the case of the
City of DuQuoin vs. Kelly, 176 111. 218. An ordinance was passed by
the city requiring the treasurer to keep the city funds in a regularly
organized bank. It was held that the ordinance contemplated a bank
organized under the state or national banking law and not a private
bank owned by an individual. The court said:
“We are of the opinion that the term 'regularly organized bank,’ in
the City and Village act, means a bank organized either under the state
law or the act of Congress, and that it was not intended by the legisla
ture that a city officer who has given bond for the safe keeping of the
funds in his hands should be required to deposit them in a private bank.
There would seem to be no more reason for that than there would be
for turning the funds over to a private individual. It is true, provision
is made that such banker or bankers shall give bond; but we do not think
this alters the case.”
I believe as was said by the court in this case, that there is no more
authority for depositing the public funds in a private bank than there
is for loaning them out to an individual, and the fact that security is
required to be given makes no difference.
I am of the opinion, therefore, that the Board of Supervisors can
not lawfully designate a private bank as a depository of county funds,
under the provisions of Act 99, Public Acts of 1909.
*
Very respectfully yours,
(Signed) F r a n z C. K u h n ,
Attorney General.
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E X A M IN E R S ’ SA L A R IES.
• January 19, 1911.
Hon. W. Donovan, Deputy Banking' Commissioner, Capitol, Lansing:
Dear Sir—Wie are in receipt of your letter of January 11th, calling
our attention to Section 6127 of the Compiled Laws, as amended by
Act 103 of the Public Acts of 1909, relative to the salaries of bank exam
iners and requesting the opinion of this department ais to the salaries
these examiners will be entitled to receive when they receive commis
sions from the newly appointed commissioner.
The language of the statute in question is as follows:
“Salaries of the examiners shall be the sum of $1,700 per annum dur
ing the first year of their employment and shall be increased $100 each
year of such employment until the full sum of $2,000 is reached, which
sum shall be their annual salary thereafter.”
This amendment took effect on September 1, 1909. It is the general
rule of statutory construction that statutes are presumed to be prospec
tive only in their operation and will be retroactive only when the legis
lative intent it clear. There is certainly nothing in this amendment
which indicates a legislative intent to make it retroactive. It is, there
fore, our view that no matter what length of time an examiner had
served, he was not entitled to an increase in pay until a service of one
year after September 1 1909. Examiners who have been in service con
tinuously since September 1, 1909, would be entitled, upon receiving
their new commission, to receive a salary of $1,800 until September 1,
1911 when they would be entitled to receive a salary of $1,900, and so
on. Those who have been appointed examiners since that time would,
of course, be entitled to an increase based on the time of service, when
they have completed a year’s service in the department.
Very respectfully yours,
(Signed) F r a n z C. K u h n ,
Attorney General.
bank
sto ck
m ay
be
cancelled
under
p r o v is io n s
of
s e c t io n s
10335-8,
C O M PILED L A W S.
March 10, 1911.
Hon. Edward H. Doyle, Commissioner of the Banking Department, Capi
tol, Lansing, Michigan:
Dear Sir—In your letter of February 25th, you state that t h e ............
Bank o f .............. , Michigan, recently sought to enforce its rights, under
Section 6090 of the Compiled Laws of 1897, by a sale of shares of its
own bank stock, which is at the present time held by Chicago parties as
collateral to a loan made by them. This sale was made by the sheriff,
by order of the court and stock bid in by t h e .................. '. . Bank. The
Chicago parties refused to surrender the stock in question, and you in
quire by what authority, under the statute, can the officers of tlie bank
cancel the old outstanding issue and a new issue of stock be made, which,
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Federal Reserve Bank of St. Louis
REPORT
OF
TH E
lix
COM M ISSIONER.
when sold, will reimburse the bank for the amount which they have
already applied on the stockholders’ obligation, as noted above.
Since receiving this communication we have received a copy of the
proceedings under which the sheriff’s sale, above referred to, was made.
It appears that this sale was not made pursuant to the authority con
ferred by the General Banking Law, Section 6090, to which you refer
in your letter, but was made pursuant to an agreement confessing judg
ment, which seems to be in compliance with Section 10299 of the Com
piled Laws of 1897. The sale of stock was then made pursuant to author
ity conferred by Sections 10335 to 10338 of the Compiled Laws of 1897.
Section 10388 provides:
“And the purchaser (at such execution sale) shall thereupon be en
titled to a certificate or certificates of the shares bought by him, upon
paying the fees therefor, and for recording the transfer.”
It is clear from the above statutory provision that the bank has
authority to issue to itself new certificates to take the place of those
sold upon the execution and pursuant to the authority conferred upon
it by the General Banking Law would have authority to sell these shares
so issued within the statutory period.
Very respectfully yours,
(Signed) F r a n z C. K u h n ,
Attorney General.
CORPORATIONS TO IN V E ST IN OR PO SSE SS B A N K STOCK O N LY ON C E R T A IN CON
D IT IO N S.
May 24, 1911.
Hon. Edward H. Doyle, Commissioner of the Banking Department,
Capitol, Lansing:
Dear Sir—You state in your letter of April 20th that the banking
department has ruled that the several sections of the banking law re
lating to stockholders require the individual ownership of capital stock
of state banks; that in recent reports to the department it appears that
in numerous instances capital stock of state banks is owned by firms,
copartnerships, corporations and two or more individuals jointly. You
inquire whether such a holding is legal.
In reply thereto will /say that it is our view that two or more indi
viduals have the authority to hold bank stock jointly, also that copartner
ships have the same right.
“The question of the right of a corporation to take and hold stock in
a bank is dependent upon the statute providing for the organization of
such corporation and the manner in which the stock is acquired. The
rule is thus stated in Clark and Marshall on Corporations, page 523 :
“A corporation has no power to subscribe for or purchase shares of
stock in another corporation unless such power is expressly granted
or unless the nature of the corporation and the circumstances under
which the stock is acquired are such as to render the transaction a neces
sary or reasonable means of carrying out the object for which it was
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STATE
B A N K IN G
DEPARTM ENT.
created or of accomplishing some purpose which is authorized by its
charter.”
Without making an extensive examination into the acts providing for
the creation of the different classes of corporations doing business in this
state, will say that in the great majority of cases the act providing for
the organization of such corporations does not authorize the purchas
ing and holding of shares in other corporations, and under the general
rule above stated such corporations would have no authority to purchase
and hold shares in banks unless such shares were taken in a manner that
could be said to be reasonably necessary to the carrying out of the
objects for which the corporation was created. No instance occurs to
us where it could be said to be necessary for a corporation to purchase
and hold shares of stock in a state bank except as such stock might be
taken in payment of debts in good faith owing to the corporation.
Section 50 of the Compiled Laws relative to the construction of statutes
provides:
“The word ‘person’ may extend and be applied to bodies politic and
corporate as well as to individuals,”
Reference must be had to the provisions of the act of incorporation of
the corporation holding the bank stock and a determination must be
made of the purpose for which such stock was purchased in order to
settle the question of the right of the corporation to take and hold such
stock.
Very respectfully yours,
(Signed) F r a n z C . K u h n ,
Attorney General.
B A N K ABSORBING A N O T H E R C A N N O T C O N T IN U E TO HOLD C ERTA IN U N A U T H O R
IZED IN V E S T M E N T S .
May 24, 1911.
Hon. Edward H. Dovle, Commissioner of the Banking Department,
Capitol, Lansing, Michigan:
Dear Sir—We are in receipt of your letter of May 20th, in which you
state as follows : A state bank recently purchased the assets of another
state bank, among which were certain bonds coming within the provi
sions of subdivisions (e), (f) and (g), of Section 27 of the Banking
Law, which had not been approved by the Securities Commission. These
assets had been permitted to be held by the selling bank by reason of
the fact that they were investments prior to the taking effect of the
amendments to Section 27 made by Act 262 of the Public Acts of 1905.
The purchasing bank contends that because the department permitted
them to be held by the selling bank, it should also authorize the pur
chasing bank to hold the same until maturity. You submit the inquiry
as to whether the purchasing bank should be allowed to carry such se
curities as legal savings investments,
In reply thereto would say that it is our opinion that the purchasing
bank should be held to the plain requirements of Section 27 and that the
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Federal Reserve Bank of St. Louis
REPORT
OF
TH E
lxi
CO M M ISSIO NER.
fact that the securities mentioned were purchased from another savings
bank would not justify you in permitting the bank purchasing same to
carry them as legal savings investments. In this connection it may be
proper to say that Section 27 requires fifteen per cent of the deposits to
be kept on hand as a reserve, in cash or reserve banks, tliree-fifths of the
remainder of the deposits are required to be invested in securities men
tioned in subdivisions (a) to (i) inclusive of Section 27. You will note
that subdivision (i) provides that:
“A portion of said remainder not exceeding the capital and additional
stockholders’ liability may be invested in negotiable paper approved by
the board of directors.”
This would authorize a savings bank to carry an amount of negotiable
bonds or other negotiable paper up to the amount named in the above
quoted provision, even though such bonds or other negotiable paper had
not received the approval of the Securities Commission.
Very respectfully yours,
(Signed) F r a n z 0. K u h n ,
Attorney General.
J O IN T T R U S T E E S H IP IN CERTA IN BOND IS S U E S P E R M IS S IB L E .
June 29, 1911.
Hon. E. H. Doyle, Commissioner of Banking, Capitol, Lansing:
Dear Sir—Replying to your letter of June 15tli, relative to the first
mortgage six per cent bonds of the Oregon-Washington Timber Company,
for which the Union Trust Company of Detroit, and the Mississippi Val
ley Trust Company of St. Louis, are co-trustees, will say that we think
this mortgage comes within our ruling of October 15, 1910, to the effect
that if the bonds possess the other requisite qualifications for investment
for savings banks, you would be warranted in permitting savings banks
to invest therein.
Very respectfully yours,
(Signed) F r a n z C. K u h n ,
A ttorney General.
STATE B A N K S NO T PE R M IT T E D TO PLEDGE A SSE T S.
August 23, 1911.
Hon. E. H. Doyle, Commissioner of Banking Department, Capitol, Lan
sing, Michigan :
Dear Sir—I am in receipt of your communication of the 28tli ultimo,
calling attention to Section 9 of the Federal Act providing for the estab
lishment of postal savings banks in the United States and also to Section
32 of the General Banking Law of this state.
Section 9 of the Federal Act referred to provides for the deposit of
postal savings funds in solvent banks whether organized under the na
tional or state laws and contains the following provisions :
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Federal Reserve Bank of St. Louis
lxii
STATE
B A N K IN G
DEPARTM ENT.
“Tlie board of trustees shall take from such banks such security in
public bonds or other securities, supported by the taxing power, as the
board may prescribe, approve, and deem sufficient and necessary to in
sure the safety and prompt payment of such deposits on demand.”
Section 32 of the General Banking Law of this state, in part, reads as
follows:
“No bank or bank officers shall give preference to any depositor or
creditor by pledging the assets of the bank as collateral security.”
You wish to know if Michigan state banks are prohibited from pledg
ing municipal bonds to secure such postal savings bank deposits.
If the plan to which you refer is carried out it would result in a state
bank pledging its securities, which are a portion of its assets, as a col
lateral security for the deposit of postal savings funds. In the event of
a failure of a state bank under such conditions, it would operate as giv
ing such deposits a preference over the general deposits in the bank,
Which in my opinion, is clearly prohibited by the language quoted from
Section 32.
I therefore advise you that the assets of a state bank cannot be law
fully pledged as security for such deposits.
Respectfully yours,
(Signed) F r a n z O. K u h n ,
A ttorney General.
REAL EST A TE MORTGAGE L O A N S N O T TO EXCEED F IF T Y PER C E N T OF C A PIT A L .
September 14, 1911.
Hon. Edward H. Doyle, Commissioner of the Banking Department,
Capitol, Lansing:
Dear Sir—In your letter of September 11th, you call attention to Sec
tion 23 of the Banking Law, Section 6112 C. L., which provides :
“But it (a commercial bank) shall not lend to exceed fifty per cent
of its capital stock upon mortgage or any other form of real estate se
curity, and then only upon the adoption of a resolution by a two-thirds
vote of the board of directors.”
You also call attention to Section 52 of the Banking Law, Section 6141
C. L., which provides, in part, that:
“The total liabilities to any bank of any person or any company, cor
poration or firm for moneys advanced, including in the liabilities of the
company or firm the liabilities of the several members thereof except
Special partners, shall at-no time exceed one-tenth part of the amount of
the capital and surplus of such bank. * * * Provided, however.
That by a two-thirds vote of the directors the liabilities to any bank of
any person or company or corporation or firm may be increased to a sum
not exceeding one-fiftli of the capital and surplus of the bank.”
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Federal Reserve Bank of St. Louis
REPORT
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TH E
COM M ISSIONER.
lxiii
You submit the inquiry as to whether under the provisions of Section
23 a bank is authorized when it has accumulated a surplus to loan on
real estate security not to exceed fifty per cent of the capital and sur
plus, or whether such real estate loans must be limited to fifty per cent
of the authorized capital stock.
In reply thereto will say that it is our view that the word “capital
stock” as used in Section 23 of the Banking Law does not include sur
plus and that the word “capital stock” as used in Section 23 is used in
the same sense as used in Section 1 of the Banking Law, and refers only
to the authorized capital stock of the bank.
It is therefore our opinion that a commercial bank cannot loan to ex
ceed fifty per cent of its authorized capital stock on real estate security.
Very respectfully yours,
(Signed) F r a n z O . I v u h n ,
A ttorney General.
A S S E S S M E N T ON STOCK H O LD ER S NOT L IM IT E D TO ONE H U N D R E D PER C ENT.
October 14, 1911.
Hon. Edward H. Doyle, Commissioner of the Banking Department,
Capitol, Lansing, Michigan:
Dear Sir—In your letter of September 30th you submit the following
inquiries:
"In case of an impairment of the capital stock of a state bank to an
amount in excess of its total capital, has the board of directors the au
thority to order, upon the requisition of the Commissioner of the Bank
ing Department, to make good such deficiency, an assessment upon the
capital stock of such bank for an amount exceeding 100 per cent of such
stock ?
After having paid an assessment of 100 per cent in accordance with
the present banking law, in case of an impairment ascertained subse
quently by the department, could a further assessment be levied by the
directors, upon requisition of the commissioner, for the purpose of mak
ing good such deficiency?
Would the payment by stockholders of assessments such as above
indicated, lessen their liability in case of the liquidation or insolvency
of the bank?”
The statutory provisions involved in these inquiries are Sections 46
of the Banking Law, which provides as follows :
“The stockholders of every bank shall be individually liable, equally
and ratably, and not one for another, for the benefit of the depositors
in said bank to the amount of their stock at the par value thereof, in
addition to the said stock; but persons holding stock as executors, ad
ministrators, guardians or trustees, and persons holding stock as col
lateral security, shall not be personally liable as stockholders, but the
assets and funds in their hands constituting the trust shall be liable to
the same extent as the testator, intestate, ward or persons interested in
i
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Federal Reserve Bank of St. Louis
lxiv
STATE
B A N K IN G
D EPARTM EN T.
such trust funds would be, if living or competent to act, and the person
pledging such stock shall be deemed the stockholder and liable under this
section. Such liability may be enforced in a suit at law or in equity
by any such bank in process of liquidation, or by any receiver, or other
officer succeeding to the legal rights of said bank.”
Also Section 42 of Act 1 of the Public Acts of 1911, which provides,
in part, as follows:
“Whenever it shall appear from the report of any bank, or the com
missioner shall have reason to believe that the capital of any- bank is
impaired or reduced below the amount required by law, it shall be the
duty of the commissioner and he shall have the power to examine the
said bank and ascertain the facts, and in case he finds such impairment
or reduction of capital, he shall require such bank to make good the
deficiency so appearing within sixty days after the date of such requisi
tion. The directors of every such bank upon which such requisition
shall have been made, shall levy an assessment upon the stock thereof to
repair such deficiency, and shall cause notice of such requisition to be
given to each stockholder of the bank and of the amount of the assess
ment which he must pay for the purpose of making good such deficiency,
by a written or printed notice mailed to such stockholder at his last
known place of residence or served personally upon him.”
These two sections are plainly intended to subserve entirely different
purposes. Section 40 refers only to cases where the bank is in process
of liquidation and limits the amount of the assessment which may be
made upon the stockholders for that purpose to 100 per cent. Section
42, above quoted, is for the purpose of preventing the bank from going
into liquidation and maintaining it as a going concern. The language
used is equivalent to saying to the stockholders, “The capital of your
bank is impaired, you must make it good or it will be obliged to go into
liquidation at the hands of a receiver.”
It is our view that the two sections have no relation to each other
and that under Section 42 of Act 1 of the Public Acts of 1911, the com
missioner has a right to order the bank to make good an impairment of
any amount, whether less than or in excess of 100 per cent. I am also
of the opinion that in case an assessment had been levied pursuant to
Section 42 to make good an impairment, a further assessment or assess
ments could be made to meet future contingencies. I am further of the
opinion that payment by stockholders of assessments under Section 42
would in no way lessen their liability to an assessment by the receiver
in case of the liquidation or insolvency of the bank.
Very respectfully yours,
(Signed) F r a n z C. K u h n ,
Attorney General.
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Federal Reserve Bank of St. Louis
R EPO R T
OF THE
COMMISSIONER.
lx v
BONDS O W NED BY DIRECTORS OR STO CKHOLDERS M A Y BE PLEDGED TO SECURE
PO STAL SA V IN G S D E PO SIT S.
October 20, 1911.
Hon. Edward H. Doyle, Commissioner of the Banking Department,
Lansing, Michigan:
Dear Sir—We are in receipt of vour letter of October 13tli, enclosingletter from the ...................... Bank. You inquire whether or not indi
viduals may pledge bonds with the board of trustees at Washington.
D. O., for the purpose of having a state bank in which they are interested
designated as a depository for postal savings funds.
In reply thereto will say that there is nothing in the General Bank
ing Law which would prohibit stockholders or officers of a state bank
from pledging their personal securities in order to obtain for the bank
the benefits which might accrue from its being made a depository for
postal savings funds. Such a pledge of securities would in no manner
affect the assets of the bank or the personal liability of the stockholders.
We are of the opinion that it would not be a violation of the Banking
Law for the stockholders, directors or other persons interested in a state
bank to pledge securities, not a part of the assets of the bank, as security
for deposits of postal savings funds.
The letter from t h e .................. Bank is herewith returned.
Yours respectfully,
(Signed) F r a n z C. K u h n ,
Attorney General.
T R U ST C O M P A N IE S IN ORDER TO Q U A L IF Y AS T R U STE E IN O T H E R STA TES M A Y
DEPOSIT SE C U R IT IE S.
October 28, 1911.
Hon. Edward H. Doyle, Commissioner of the Banking Department,
Lansing, Michigan:
Dear Sir—We have had under consideration your letter of October
13th, in which you submit the following inquiries:
“Can a corporation organized under Act No. 108 of the Public Acts
of 1889, as amended, acting as trustee under an issue of bonds covering
property located in part in Michigan, and in part in one or more other
states, deposit its bonds or mortgages with a state department or official,
in either one or all of the states in which the property is located in order
therein to legally qualify and act as ,such trustee? Would the deposit-,
ing of such assets be considered as giving preference to one creditor over
another, as mentioned in Section 34 of said act?”
You have also submitted a letter of Louis H. Withey embodying his
views relative to the question involved. Under date of October 17th a
letter from Messrs. Butterfield & Kenney, attorneys-at-law, Grand Rapids,
Michigan, containing a discussion of these questions was received by
this Department.
The statute of Illinois regarding this deposit is Sections 129 to 147
of the Revised Statutes of Illinois for 1909. It is clear under the de-
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Federal Reserve Bank of St. Louis
STATE
lxvi
BAN KING
D EPA R TM EN T.
cisión of tlie United States Supreme Court in Blake vs. McClung, 172
U. S. 239, that the deposit of securities made with the State Auditor of
Illinois could not be used for the purpose of giving preference to creditors
of a trust company residing in Illinois. On the other hand, a Michigan
trust company could not be admitted to do a trust company business
in Illinois even to the extent of enforcing an active trust partially ir
Illinois and partially in Michigan without making this deposit.
Farmers’ Loan Company vs. Elevated By. Company, 173 111. 439.
Section 6179 of the Compiled Laws of 1897 provides as follows :
“All transfers of notes, bonds, bills of exchange, or other evidences of
debt owing to any such corporation, or of deposit to its credit, all assign
ments of mortgages, or other security on real estate, or judgments, or
decrees in its favor, or deposits of money, bills or other valuable things
for its use, or for the use of its stockholders or creditors, all payments
of money, either after the commission of an act of insolvency, or in con
templation thereof, with a view to prevent application of its assets in
the manner prescribed in this act, or with a view to the preference of
one creditor over another, shall be held to be null and void.”
The interest upon deposits of securities made pursuant to the Illinois
statute is paid to the depositing company as long as it remains solvent.
We are unable to see how the making of this deposit under the statute
of Illinois and the decision of the Supreme Court of the United States,
hereinbefore referred to, constitute any preference to Illinois creditors
in violation of the provisions of Section 6179 of the Compiled Laws,
We are of the opinion that it would not be in violation of the provi
sions of Act 108 of the Public Acts of 1889 for a Michigan trust com
pany to make a deposit of securities with the Auditor of the State of
Illinois under the provisions of the statutes now in force in that state,
in order to permit such trust company to carry out the provisions of
an act of trust in that state.
Very respectfully,
(Signed) F r a n z C. K u h n ,
Attorney General.
LA ND
CONTRACTS
NO T
E V ID E N C ES
OF
IN D E B T E D N E SS
AS
C O N T EM PLA TED
BY
B A N K IN G L A W .
December 7, 1911.
Hon. Edward H. Doyle, Commissioner of the Banking Department,
Lansing, Michigan:
Dear Sir—I am in receipt of your communication of November 23rd
in which you ask whether or not land contracts evidencing the sale of
real estate are legal investments for savings banks under subdivision
(i) of Section 27 of the General Banking Law, which reads as follows:
“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
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Federal Reserve Bank of St. Louis
R EPO R T
OF T H E
COMMISSIONER.
lxvii
with the bank of collateral 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.”
It appears from your statement that certain savings, banks in the state
invest savings deposits in these contracts, taking an assignment thereof
from the vendor who also transfers to the bank the legal title to the real
estate contracted to be conveyed. In some instances the legal title to
the property is transferred and the assignment made as collateral se
curity for a loan to the vendor and I do not understand that your in
quiry relates to the legality of this practice, it being conceded that this
may lawfully be done, but that your inquiry relates to the right of a
savings bank to so invest its savings deposits in these contracts when
no loan is made to the vendor. The savings banks claim that these con
tracts are “evidences of debt” within the meaning of the subdivision
quoted and that the investment of savings deposits therein in the manner
outlined iis permissible and legal.
For reply thereto would say that when a contract of this character
for the sale of real estate is made the vendor holds the legal title only
as trustee for the vendee and the equitable title vests in the vendee. The
vendor retains the legal title as security for the proper performance of
the contract on the part of the vendee.
Hooper vs. Van Husan, 105 Mich. 592;
City of Marquette vs. Iron & Land Company, 132 Mich. 130, 132.
In the case last cited the court held that there was. no legal distinc
tion between these obligations and credits secured by mortgages.
While these contracts may under our decisions be “evidences of debt,”
I do not believe that they are such within the meaning of the statute
under consideration. By the terms of that statute it is only evidences
of debt “the payment of which is jsecured by the deposit with the bank
of collateral 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,” in which savings deposits
may lawfully be invested.
This statute as I read it treats of “loans” by the bank upon bills, notes
and other evidences of debt, secured by the deposit with the bank of
collateral. As I understand it, the bank in dealing in these contracts
makes no loan to the holder of the legal title to the land, but the land
contract and the security of the legal title are purchased outright by
the bank. The transaction is one of dealing in credits secured by the
legal title to the real property. I do not believe that transactions of
this nature are within the contemplation of the statute and consequently
am of opinion that savings banks may not lawfully invest their savings
deposits in these contracts.
Very respectfully yours,
(Signed) F r a n z C. K u h n ,
A t torn ey Genera l.
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
STATE
lx x
BANKING
D EPA R TM EN T.
T h e f o llo w in g i s a li s t o f b a n k s e x a m in e d a n d the a m o u n t p a id by ea ch , a s r e q u ir e d by s e c tio n
4 0 o f the g e n e r a l b a n k in g la w .
Date second
Bate first
examination. examination.
Amount
paid.
No.
Name of bank.
Location.
325
Addison State Savings Bank .......................................
Addison........................
Feb. 2 2 ....
July
6 ....
$25 00
162
Adrian State Savings B an k..........................................
Adrian..........................
April 1 8 ....
Nov. 2 7 ....
148 39
89
The Commercial Savings Bank......................................
Adrian..........................
Jan. 2 3 ....
Nov. 1 5 ....
73 08
66
Lenawee County Savings Bank.....................................
Adrian.........................
April 17. .. . Nov. 1 3 ....
Waldby
Adrian.......................... June 2 0 ....
Nov. 2 5 ....
101 95
171
&
Clay’s State Bank.........................................
95 76
179
Albion State Bank.......................................................... Albion ..........................
Feb. 2 0 ....
June 2 1 ....
40 01
167
Commercial and Savings Bank......................................
Albion..........................
Feb. 2 3 ....
Sept, 2 0 ....
37 50
1 ....
July 11. ...
25 00
July 10... .
57 24
28 69
314
Allegan State Savings Bank........................................... Allegan.........................
Feb.
323
First State Bank............................................................. Allegan.........................
Jan. 3 1 ....
487
Allen State Savings Bank ..
Allen.............................
Sept. 2 2 ....
232
The Alma State Savings Bank....................................... Alma.............................
Feb. 4 ....
July
6 ....
233
First State Bank of Alma..............................................
Feb.
July
Alma.............................
6 ....
437
Almont Savings Bank................................................ .. Almont.........................
April 1 1 ....
169
Alpena County Savings Bank .....................................
Alpena..........................
June 2 6 ....
25 00
5 ....
47 77
Dec. 1 8 ....
25 00
Oct, 3 0 ....
199 22
302
Farmers’ State Bank...................................................... Alto..............................
Feb. 1 8 . . .
Aug. 8 ----
25 00
48
Ann Arbor Savings Bank............................................... Ann Arbor...................
April 4 ....
Sept. 5 . .. .
288.25
26
Farmers’ and Mechanics’ Bank.........
Ann Arbor....................
Feb. 2 0 ....
Sept. 5 ... •
104 87
2.8.8
German-American Savings Bank...................................
Ann Arbor....................
April 1 ....
Sept. 5 ....
46 88
144
State Savings Bank............................
Ann Arbor....................
Feb. 21. . . . Sept. 5 . .. .
134 63
468
Armada State Bank..........................................
Armada........................
May 8 .. ..
47.8
The Farmers’ State Bank.....................................
Armada........................
Sept. 18... . Dec. 2 7 ....
25 00
414
Athens State Bank........................ ................................
Athens..........................
Feb. 14 ..
June 2 8 ....
25 00
418
People’s State Savings Bank..........................................
Auburn.........................
May 2 7 ....
Nov. 7 ....
25 00
420
State Bank of Augusta..................................................
Augusta........................
May 6 ....
Dec. 7 . . . .
25 00
2.86
State Bank of Frank W. Hubbard
Co.......................
Bad A x e......................
Jan. 3 0 ....
Dec. 1 9 ....
45 03
237
State Savings Bank of Bad A xe...................................
Bad Axe.......................
May 8 . .. .
Dec. 1 8 ....
45 28
.8.87
State Exchange Bank....................................................
Bancroft.......................
Feb.
June 2 7 ....
25 00
62
West Michigan Savings Bank........................................
Bangor.......................... Mar. 2 1 ....
Sept. 2 5 ....
33 84
Baraga County State Bank
Baraga..........................
Aug. 1 4 ....
25 00
468
Bark Biver State Bank..................................................
Bark River..................
Aug. 1 5 ....
25 00
394
Barry ton State Savings Bank........................................
Barry ton......................
Sept. 1 1 ....
25 00
City Bank ..................................................................... Battle Creek.................
Dec. 1 8 ....
169 41
444
93
178
&
Merchants’ Savings Bank..............................................
1 ....
Mar. 7 ....
Battle Creek................. April 1 9 ....
Nov. 1 ....
32 04
Dec. 2 0 ....
140 58
63
Bay City Bank .............................................................
Bay City......................
Nov. 2 0 ....
271 09
43
Bay County Savings Bank............................................
Bay City......................
Nov. 2 0 ....
107 99
30
Commercial Bank...........................................................
Bay City......................
Nov. 2 2 ....
116 53
96
Lumbermans State Bank
Bay City......................
Oct. 2 3 ....
80 10
17
Peoples Savings Bank....................................................
Bay City......................
Oct. 2 5 ....
llo 23
2
Belding Savings Bank....................................................
Belding.........................
Dec. 28, ’10 Sept. 1 9 ....
35 63
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Federal Reserve Bank of St. Louis
REPORT
OF
TH E
CO M M ISSIO NER.
L i s t s o f b a n k s e x a m in e d . —
lxxi
Continued.
No.
Name of bank.
Location.
Date second
Date first
examination. examination.
Amount
paid.
159
People’s Savings Bank ................................................
Belding.........................
Dec. 28, ’10 June 20. .. .
$30 20
347
Bellaire State Bank.......................................................
Bellaire.........................
Feb.
7__
Aug. 8 ....
25 00
219
Benton Harbor State B an k ........................................
Benton H arbor...........
May
9 __
Dec. 1 2 ....
67 20
76
Farmers’ and Merchants’ Bank.....................................
Benton Harbor............
Mar. 13 ... . Dec. 1 3 . ..
92 48
Dec. 1 1 . ..
32 65
Jan. 3 0 ....
Sept. 1 3 ....
25 00
Jan.
3 ....
Sept. 3 0 ....
25 00
Big Rapids................... Jan. 1 8 ....
Sept. 1 3 ....
37 46
388
State Savings Bank........................................................ Benton Harbor............. Mar. 1 5 ....
448
Berlin State Bank.........................................................
416
Berrien Springs State Bank........................................... Berrien Springs............
259
Big Rapids Savings Bank ............................................
248
Citizens’ State Bank.......................................................
Big Rapids................... Jan. 1 6 ....
Sept. 1 1 ....
64 31
411
First State Savings Bank..............................................
Birmingham................. Jan. 1 2 ....
Sept. 1 3 ....
25 00
25 00
Berlin...........................
481
Blanchard State Bank.................................................... Blanchard....................
Sept. 1 2 ....
Dec. 2 6 ....
163
Rlissfield State Bank......................
Blissfield......................
Feb.
7 ....
July
3....
37 95
221
Jipson-Carter State Bank..............................................
Blissfield......................
Feb. 8 . .. .
July
6 ....
59 14
436
Farmers’ State Bank...................................................... Breckenridge................
April 19 . . . .
Sept. 2 6 ....
25 00
187
First State Savings Bank..............................
Breckenridge................
Sept. 2 7 ....
25 00
452
Brighton State Bank.........................................
Brighton......................
9 ....
Aug. 2 1 ....
25 00
Britton State Savings Bank. . .
Britton.........................
409
First State Savings Bank..............................................
Bronson........................
May 1 8 ....
Sept. 1 9 ....
25 00
312
Culver State Bank.........................................................
Brooklyn......................
Feb. 1 3 ....
June 2 6 ....
25 00
310
Farmers’ State Bank.........................................
Brooklyn......................
Feb. 1 4 ....
June 2 6 ....
25 00
216
Brown City Savings Bank..............................................
Brown City................... April 2 4 ....
Nov. 9 ....
25 00
Feb.
25 00
253
Citizens’ State Savings Bank.........................................
Brown City..................
April 24... . Nov. 8. .. .
29 19
212
Burr Oak State Bank.....................................................
Burr Oak......................
Feb. 1 5 ....
Sept. 2 0 ... •
25 00
313
State Bank......................................................................
Byron...........................
Dec. 28, ’10 June 2 6 ....
25 00
181
Cadillac State Bank.......................................................
Cadillac........................
Jan. 1 8 ....
Aug. 21... .
96 32
261
People’s Savings Bank......................................
Cadillac........................
Jan. 1 6 ....
Aug. 2 2 ....
63 80
291
State Bank....................................................................
Caledonia......................
April 2 7 ....
Nov. 2 4 ....
29 59
336
Calumet State Bank ...............................
Calumet........................
Mar. 9 ....
Aug. 1 6 ....
75 89
Merchants’ and Miners’ Bank
Calumet........................
Mar. 1 0 ....
Aug. 1 7 ....
262 23
320
First State Bank............................................................. Camden........................
Jan. 1 1 ....
July 11... .
25 00
208
Capac Savings Bank.......................................................
Capac............................ June 5 -. ■. Nov. 6 . ..
25 00
303
State Savings Bank of Carleton...................................
Carleton........................
April 3 __
Sept. 30..
287
Commercial Savings B an k ............................
Caro.............................
Feb. 8 ....
Sept. 7 ... .
33 51
286
State Savings Bank .............................................
Caro.............................
Feb.
7 ....
Sept. 6 ... ■
65 11
State Bank of Carson City............................................. Carson City..................
May
87
25 00
4 ....
Dec. 2 6 ....
48 94
234
Exchange State Bank....................................................
Carsonville....................
Feb. 8 . .. .
Nov. 8 . .. .
32 17
ISO
State Bank of Carsonville..............................................
Carsonville...................
Mar. 9 ....
Nov. 8 ....
36 47
421
Cass County State Bank................................................
Cassopolis....................
Jan. 1 6 ....
Sept. 2 0 ....
25 00
343
First State Bank.............................................................
Central Lake................
Feb. 6 ....
Aug. 26----
25 00
391
Wolf Bros. State Bank...................................................
Centerville....................
Mar. 2 0 ....
Sept. 1 8 ....
37 10
72
Involuntary liquidation.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
lxxii
STA TE
BANKING
D EPA R TM EN T.
L i s 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.
No.
Name of bank.
315
Charlevoix State Savings Bank.....................................
Charlevoix ...
218
Eaton County Savings Bank..........................................
Charlotte....................
44 95
305
Chebovgan County Savings Bank.................................
Cheboygan ..................
25 00
Location.
S25 no
April 1ft
304
Cheboygan State Bank..................................................
Cheboygan ..................
Feb.
397
Fanners’ and Merchants’ Bank.....................................
Chelsea.........
Feb. 20
203
The Kempf Commercial and Savings Bank..................
Chelsea.........................
Feb. 21... . July
235
The Chesaning State Bank............................................
Chesaning
424
Citizens State Bank........................................................ Clare.............................
1
118
Clare County Savings Bank...........................................
Clare............
Feb.
267
E. Jossman State Bank.....................................
Clarkston . .
May 27
48G
Edwin Nash
Sons State Bank...................................
Clarksville....................
Dec. 27
376
Climax State Bank.........................................................
Climax ........................
483
Clio State Bank............................................................... C lio...........
104
Branch County Savings Bank........................................
Coldwater. ..
292
State Bank......................................................................
Coleman ....................
442
State Bank of Coloma.........................................
Coloma
&
25 74
25 00
4ft 38
Oct. 17 .
25 00
16
Dec. 2 6 ....
Nov. 28
July 19
Dee. 28
Sept 12
Feb. 13
Sept. 28
Feb.
Sept. 19
427
E. Hill & Sons State Bank............................................
Colon............................
Columbiavilie State Bank..............................................
Columbiavilie............... April 8 . .. .
1 .
Dec. 29, ’10 July 12
174
Commercial State Bank.................................................. Constantine..................
Mar. 3 0 ....
173
First State Bank............................................................. Constantine.................
281
Coopersville State Bank..................................
Coopersville ...............
State Bank of Montcalm County...................................
Coral.............................
339
Old'Corunna State Bank................................................
Corunna........................
182
State Bank of Croswell........................
Croswell..
ftft
ftft
25 ftft
ftft
fi5 2 ft
25 ftft
25 ftft
25 ftft
25
25 ftft
Farmers’ State Bank...................................................... Concord ... .
406
22 54
25
25
433
32
59 65
July 19
Oct
6
5 ... .
D ec 1ft
33 22
2
Q1ft
41 22
25 7
May 2 . .. .
Q
Sept. 1 9 ....
25 00
July 17
ft2
48
7ft 71
ft 12
176
Davison State Bank.......................................................
Davison........................
459
Dearborn State Bank.....................................................
D earborn....................
319
Citizens' State Bank.......................................................
D ecatu r......................
102
First State Bank............................................................. Decatur........................
196
Farmers’ State Bank of Deckerville..............................
Deckerville...................
195
State Bank of Deckerville..............................................
Deckerville................... April 11----
Nov. 2 1 ....
25 89
335
Deerfield State Bank......................................................
Deerfield......................
Mar. 22...
July 12 . . . .
25 00
June 1 9 ....
Dec. 11----
418 14
Oct. 23. ..
1,098 49
301
Feb. 1 3 ....
25 ftft
25 0 0
Jan. 1 8 . ..
3 . ...
Delton State Bank.......................................................... Delton..........................
47
Detroit Savings Bank.....................................................
Detroit.......................... Mar. 27 . . . .
Detroit Trust Company..................................................
Detroit. *......................
Detroit United Bank......................................................
Detroit
Detroit.........................
Dime Savings Bank........................................................ Detroit
31 45
25
Central Savings Bank.....................................................
9
July
25 3
73
386
2
July 24
..
Dee
May
1
18
Nov 13
Q
ftft
ft87 41
3 in 0
7
1 004 01
357
Fairview Savings Bank..................................................
Detroit.......................... May 1 1 . . .
Nov. 1 6 ....
46 87
5
German-American Bank................................................
Detroit.......................... Jan.
Oct. 30. ..
268 89
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3 ...•
R EPO R T
OF T H E
COMMISSIONER.
L i s t s o f b a n k s e x a m in e d . —
No.
Name of bank.
lxxiii
Continued.
Location.
Date first Date second
examination. examination.
Amount
paid.
90
Home Savings Bank.................................
Detroit...........
Jan. 2 3 ....
Oct. 1 6 ....
479
Metropolitan State Bank.........................
Detroit...........
June 27—
Nov. 15 . . . .
36 02
81
Michigan Savings Bank............................
Detroit...........
April 17 . . . .
Oct. 1 6 ....
463 32
15
Peninsular State Bank.............................
Detroit...........
May 2 2 ....
Oct. 3 0 ....
350
People’s State Bank.................................
Detroit...........
Feb. 2 7 ....
Oct.
Security Trust Company..........................
Detroit...........
July 2 4 ....
Union Trust Company.............................
Detroit...........
Aug. 14 . . . .
6
Wayne County Savings Bank..................
Detroit...........
May 22 —
Oct. 23 ...
1,595 50
9 ....
8921 09
941 55
3,384 48
327 23
375 07
157
Dexter Savings Bank...............................
Dexter...........
Jan. 24...
July 13 . . . .
25 08
396
State Savings Bank...................................
Dowagiac.......
Jan.
June 2 2 ....
25 00
351
Dryden State Bank...................................
Dryden..........
April 25. . . ■ Sept. 2 7 ....
25 00
422
Farmers’ State Bank...............................
Dryden..........
June 7 . . .
Sept. 2 6 ....
25 00
477
Dundee State Savings Bank....................
Dundee..........
July
Dec. 2 6 ....
25 00
142
Monroe County Bank...............................
Dundee..........
Mar. 21. .. July
428
First Commercial and Savings Bank.......
Durand..........
124
Shiawassee County Bank.........................
462
4 ....
5—
6 ....
25 00
Feb. 1 4 ....
June 26-•■■
25 00
Durand..........
Jan. 1 9 ....
June 26 .•..
36 17
Peoples’ State Savings Bank...................
East Jordan...
June 1 4 ....
Aug. 28... .
25 00
238
State Bank of East Jordan......................
East Jordan..
Mar. 3 0 ....
Aug. 2 8 ....
27 75
53
Michigan State Bank...............................
Eaton Rapids.
Jan. 30 . ...
May 1 7 . . .
36 07
193
Edmore State Bank.................................
Edmore.........
Jan. 30...
Sept. 5. ■■■
25 00
403
Peoples State Bank.................................
Edmore.........
Jan. 3 1 ....
Sept. 6 ....
25 00
Aug. 7 —
28 27
129
Elk Rapids Savings Bank........................
Elk Rapids.. .
Feb.
342
State Savings Bank.................................
Elsie..............
Feb. 1 1 ....
July
3 ----
30 77
299
State Savings Bank.................................
Escanaba.......
Mar. 8 . .. .
Aug. 16 .. •.
41 30
295
Evart Savings Bank..................................
Evart.............
Feb.
7 ....
Aug. 2 8 ....
25 00
152
First State Savings Bank........................
Evart.............
Feb.
8 . .. .
Aug. 29----
41 79
460
Farmington Exchange Bank....................
Farmington...
April 2 6 ....
Oct.
25 00
8 ...
2 ...
215
Old State Bank........................................
Fennville.......
Mar. 2 2 ....
Sept. 2 5 ....
25 00
209
Commercial Savings Bank of Fenton . . . .
Fenton...........
Jan.' 4 ....
July 1 8 ....
34 68
384
Fenton State Savings Bank....................
Fenton...........
Jan.
3 ...
July 18 . . . .
25 00
101
Citizens’ Commercial and Savings Bank..
Flint..............
May 8 . .. .
Aug. 2 8 ....
147 90
Aug. 28 —
264 00
23
Genesee County Savings Bank................
Flint..............
Jan.
431
Industrial Savings Bank..........................
Flint..............
May 8 __
Aug. 2 8 ....
41 15
165
Union Trust and Savings Bank...............
Flint..............
May
Aug. 28----
201 84
9 ....
9 ....
126
First State and Savings Bank.................
Flushing........
Jan. 1 0 . . .
Aug. 3 0 ....
37 20
223
Peoples’ State Bank.................................
Flushing.......
Jan.
Aug. 30...
25 00
454
Bank of Fountain.....................................
Fountain.......
June 1. ...
Dee. 1 4 ....
25 00
141
State Savings Bank of Fowler.................
Fowler.........
Jan. 19 —
July 19 . . . .
29 52
293
State Bank...............................................
Fowlerville...
Jan.
9 ....
June 24. ...
25 98
450
Frankenmuth State Bank........................
Frankenmuth
May 2 7 ....
Oct. 23 . ..
25 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9 . .. .
STA TE
BAN KING
D EPA R TM EN T.
L i s t s o f b a n k s e x a m in e d . —
No.
Continued.
Location.
Name of bank.
Date first
examination.
229
State Savings Bank of Frankfort,.................................
Frankfort...................... Mar. 8 ....
461
State Bank of Fra,scr..............................
.............
Fraser...........................
May 1 1 ....
449
State "Rank of Freeport..................................................
Freeport.......................
April 1 2 ....
297
Fremont State Bank......................................................
Fremont.......................
April 4 ....
345
Old State Bank............................................................... Fremont.......................
Mar. 21... .
362
State, Savings Bank........................................................ Gagetown.....................
May 1 0 ....
426
Galesburg State Bank..........................
.............
Galesburg.....................
Mar. 30... •
447
Garden State Savings Bank . . . .
.............
Garden.......................... Mar. 10.. ..
153
Gaylord State Savings B an k........................................
Gaylord........................
471
Home State Bank...........................................................
Gladwin........................
Nov. 18... •
298
State B an k ....................................................................
Gladwin........................
Mar. 2 2 ....
Grand Haven...............
April 10 . • ■
...............
Jan. 3 0 ....
249
Grand Haven State Bank ......................
443
Peoples Savings Bank....................................................
308
Grand Ledge State Bank................................................ Grand Ledge................
389
Loan and Deposit Bank.................................................
Grand Ledge................
316
City Trust and Savings Bank........................................
Grand Rapids............... April 1 ....
276
Commercial Savings Bank.............................................. Grand Rapids...............
April 4 ....
Grand Haven............... Mar. 2 0 ....
Jan.
3 __
Feb. 16..••
61
Grand Rapids Savings Bank..........................................
Grand Rapids..............
April 24----
402
Kent State Bank............................................................
Grand Rapids..............
Mar. 20 - •..
Michigan Trust Company..............................................
Grand Rapids..............
Aug. 2 1 ....
108
People’s Savings B an k ..................................................
Grand Rapids............... April 1 0 ....
359
Grandville State Bank.................................................... Grandville....................
Jan. 18-..•
340
Grant, State B an k .......................................................... Grant............................
Mar. 18__
27
Farmers’ Bank of Grass I a k e ....................................... Grass Lake....................
263
Commercial State Savings Bank...................................
Greenville..................... Jan.
188
Greenville State Bank ..................................................
Greenville....................
410
Gwinn State Savings Bank............................................
Gwinn...........................
435
Hamtramck State Bank................................................
Hamtramck..................
May 29----
Superior Trust Company................................................
Hancock.......................
Aug. 1 4 ....
9 ....
Jan. 10.•••
254
Huron County Savings Bank.........................................
Harbor Beach..............
May
412
State Bank of Harbor Beach.........................................
Harbor Beach..............
May 8 —
326
Emmet County State B ank..........................................
Harbor Springs............
April 1 2 ....
355
State Savings Bank........................................................ Harrison.......................
April 17. ..
369
Alcona County Savings B an k .......................................
Harrisville....................
Mar. 2 8 ....
50
Oceana County Savings Bank........................................
H art.............................
May 1 7 ....
11
Hastings City Bank.......................................................
Hastings.......................
Feb.
6 ...
441
Hemlock State Bank......................................................
Hemlock......................
May
1. .. .
446
State Bank of Hesperia..................................................
Hesperia.......................
April 5 . .. .
9 ....
434
Highland Park State Bank............................................
Highland Park.............
April 7. .. .
465
Woodward Avenue State Bank.....................................
Highland Park.............
Jan. 2 6 ....
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT
OF
TH E
CO M M ISSIO NER.
L i s t s o f b a n k s e x a m in e d . —
Continued.
Date second
Date first
examination. examination.
No.
Name of bank.
Location.
361
Montmorency County Savings Bank.............................
Hillman........................
Mar. 2 7 ....
Nov. 1.. ..
260
First State Savings Bank..............................................
Hillsdale.......................
Jan. 1 0 ....
Sept. 9 ....
Hillsdale.......................
Dec.' 5 ....
78
Hillsdale Savings Bank..................................................
56
First State Bank of Holland..........................................
Holland........................
91
Holland City State Bank...............................................
Holland........................
May 1 5 ....
322
People’s State Bank.......................................................
Holland........................
May 1 5 ....
262
Citizens’ Savings Bank...................................................
Holly............................ Feb. 2 1 ....
July 12. ...
106
First State and Savings Bank.......................................
Holly............................ Jan. 1 6 ....
July 1 2 ....
432
Holton State Bank.........................................................
Holton..........................
April 1 ... . Sept. 2 1 ....
255
Calhoun State Bank.......................................................
Homer.......................... Jan.
475
Homer State Bank.............................
Homer
353
Hopkins State Bank.......................................................
Hopkins .. .
Howell..........................
5.■•■ July 1 1 ....
Dec. 28
Feb.
2 __
..
Sept. 27 ...
109
First State and Savings Bank.......... ..........................
140
Boies State and Savings Bank....................................... Hudson........................
Jan. 30...•
July 8 . .. .
143
Thompson Savings Bank................................................ Hudson........................
Jan. 3 1 . . .
July 10 . . . .
492
Hudsonville State Bank.................................................
Hudsonville................
Dec. 23 . . . .
24
Lapeer County Bank......................................................
Imlay City.................... April 22__
Oct.
191
State Savings Bank........................................................
Ionia.............................
Nov. 27__
Commercial Bank...........................................................
Iron Mountain.............
135
12
Peninsula Bank............................................................... Ishpeming....................
3 ...
Mar. 6 ....
Aug. 24. ...
Peoples State Bank......................................................... Ithaca ........................
May 1 7 ....
Oct. 17___
387
Central State Bank.........................................................
Jackson ........................
Jan.
4 ....
Nov. 23. .. .
177
Jackson City Bank.........................................................
Jackson ........................
June 1 9 ....
Dec. 1 3 ....
186
Jackson State Savings Bank..........................................
Jackson ........................
April 12. ...
Dec. 1 1 . ..
14
Union Bank....................................................................
Jackson........... ............ April 8 . .. .
Dec. 11... .
115
Grosvenor Savings Bank................................................
Jonesville...................... Feb. 1 3 ....
147
Home Savings Bank.......................................................
Kalamazoo................... Jan. 1 9 ....
Kalamazoo City Savings Bank......................................
Kalamazoo...................
Mar. 6 ....
Nov. 13. • ■
Kalkaska County State and Savings Bank...................
Kalkaska......................
Mar. 2 7 ....
Aug. 8 ....
Aug. 8 . .. .
150
Ithaca Savings Bank......................................................
480
1
257
Ithaca ..........................
Oct. 18__
425
Peoples State and Savings Bank...................................
Kalkaska....................
Feb.
490
Farmers State Bank.......................................................
Kawkawlin..................
Dec. 2 7 ....
7 ....
451
Kent City State Bank....................................................
Kent City....................
485
The First State Bank.....................................................
Kingsley.......................
Aug. 2 9 ....
Nov. 1 3 ....
Sept. 1 2 ....
383
Union State Bank...........................................................
Laingsburg..................
April 1 5 ....
417
Lake City State Bank....................................................
Lake City.....................
Feb. 8 ....
283
Farmers’ and Merchants’ Bank of Lake Odessa............
Lake Odessa................. Feb. 2 3 . . .
Sept. i l . ...
41
Lake Odessa State Savings Bank ...............................
Lake Odessa.................
April 2 7 ....
Nov. 8 . .. .
300
Farmers’ and Merchants’ State Bank............................
Lakeview......................
Feb.
445
American Savings Bank.................................................
Lansing........................
April 2 4 ....
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Aug. 23___
1.. .. Sept. 1 8 ....
STATE
lx xv i
B A N K IN G
DEPARTM ENT.
L i s t s o f b a n k s e x a m in e d . —
Continued.
No.
Name of bank.
Location.
Date second
Date first
examination. examination.
Amount
paid.
133
Lansing State Savings Bank..........................................
Lansing........................
April 25. .. . Nov. 2 5 ....
271
Lapeer Savings B a n k ....................................................
Lapeer..........................
Feb. 1 4 ....
June 27 . . . .
33 50
117
State Savings Bank.......................................................
Lapeer..........................
Feb. 2 1 ....
July 18 —
51 56
201
State Savings Bank of I aurium ...................................
Laurium.......................
Mar. 8 . .. .
Aug. 2 1 ....
101 59
8
People’s Bank.................................................................
Leslie............................ Jan. 3 0 ....
June 2 8 ....
31 47
184
Lexington State Bank....................................................
Lexington....................
April 26. .. . Nov. 7 ....
25 00
408
Litchfield State Savings Bank.......................................
Litchfield......................
Feb. 1 4 ....
July 1 2 ....
25 00
360
City State Bank..................
Lowell..........................
Jan. 12.....
July 18. .. .
25 00
111
Lowell State Bank...........
Lowell..........................
Jan. 1 8 ....
July 1 8 ....
35 88
239
Ludington State Bank.............' .....................................
Ludington....................
June 6 . . . .
Oct.
2 . .. .
69 88
130
Antrim Countv State Savings Bank.............................. Maneelona....................
Mar. 28.. ..
Aug. 2 1 ....
31 95
27 49
$131 97
242
People’s Bank of Manchester........................................
Manchester..................
Feb. 1 5 ....
June 2 4 ....
172
Union Savings B an k ..................
Manchester..................
June 2 6 ....
Oct. 2 3 ....
116
Manistee County Savings Bank.....................................
Manistee.......................
May 27... . Dec.
21
Manistique Bank............................................................
Manistique...................
Mar. 10. .. . Aug. 1 7 ....
53 74
Manton State Bank........................
Manton.........................
Feb.
Aug. 3 0 ....
25 00
381
First State Savings Bank..............................................
Marcellus......................
Jan. 1 8 ....
Sept. 2 —
25 00
198
G. W. Jones Exchange Bank.........
Marcellus......................
Jan. 1 7 ....
Sept. 5 ....
45 07
272
Home Savings Bank.......................................................
Marine City..................
Dee. 29, ’10 June 5..
122
Marine Savings B a n k ...................................
Marine City..................
Feb.
6 ....
Sept. 3 0 ....
50 59
346
Marion State B an k ......................
Marion..........................
Mar. 7 __
Aug. 24. ...
25 00
252
Commercial State B an k ................................................
Marlette........................
Mar. 7 ....
Dec. 1 6 ....
39 74
338
State Savings Bank............................
Marlette........................
Mar. 6 ....
Dec. 18. ...
26 02
100
Marquette County Savings B a n k .............
Marquette....................
Mar. 8 __
Aug. 2 2 ....
114 95
137
Commercial Savings Bank.............................................
Marshall.......................
May 31...
Nov. 29. .. .
92 90
22
Farmer’s Bank...............................................................
Mason...........................
Jan.
4 . .. .
Aug. 8 . .. .
33 25
Jan.
3 ....
296
6 ....
4 ....
58 36
188 85
25 00
107
First State and Savings B an k ....................................... Mason...........................
July 1 8 ....
45 15
334
Memphis State Bank......................................................
Memphis......................
June 7 ....
Oct.
3 ....
25 00
168
First State Bank.............................................................
Mendon........................
Mar. 2 1 ....
Sept. 1 8 ....
25 00
324
Commercial Bank...........................................................
Menominee................... Mar. 6 ....
Aug. 1 4 ....
33 44
285
State B an k ...........................................................
Merrill..........................
May 2 7 ....
Oct. 30__
25 09
423
Metamora State Savings Bank....................................... Metamora.....................
Feb. 1 8 ....
Sept. 1 1 ....
25 00
274
Farmers’ State Bank......................................................
Middleville.................... Feb.
97
Midland County Savings Bank......................................
Midland........................
8 . .. .
Sept. 2 0 ....
45 93
June 2 6 ....
28 27
34 31
309
People’s Savings Bank...................................................
Midland........................
Feb. 1 4 ....
Sept. 1 6 ....
77
Farmers’ and Merchants’ Bank.....................................
Milan............................
Feb. 2 0 ....
July
8 . .. .
34 87
469
Milan State Savings Bank..............................................
Milan............................
July 1 1 ....
Dec. 2 7 ....
25 00
472
First State Bank.............................................................
Milford.......................... Sept. 19__
413
State Savings Bank........................................................
Minden City.................
April 1 3 ....
Nov. 2 2 ....
39 43
363
Keweenaw Savings Bank...............................................
Mohawk........................
Mar. 1 1 . ..
Aug. 18 —
26 66
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Federal Reserve Bank of St. Louis
26 35
REPORT
OF
TH E
COM M ISSIONER.
L i s t s o f b a n k s e x a m in e d . —
No.
Name of bank.
lxxvii
Continued.
Location.
Date second
Date tint
examination. examination.
April 4. .. . Oct. 2 8 ....
Amount
paid.
318
B. Dan sard & Son’s State Bank....................................
321
Monroe State Savings Bank........................................... Monroe....................
Jan. 1 0 ....
491
Farmers State Bank of..................................................
202
Wakefield State Bank....................................................
222
Citizens’ Savings Bank................................................... Mt. Clemens.................
May 29. .. . Nov. 1 6 ....
93 89
Mt. Clemens Savings Bank............................................
May 29... . Nov. 2 2 ....
145 69
51
Monroe..................
$85 38
June 2 8 ....
31 11
Montague
Dec. 2 6 ....
25 00
Morenci................
Jan. 11... . July 1 2 ....
58 15
Mt. Clemens.................
158
Ullrich Savings Bank...................................................... Mt. Clemens................. May 3 1 ....
Nov. 1 6 ....
170
Exchange Savings Bank............................
Mt. Pleasant................
Jan. 1 6 ....
Sept. 2 4 ....
50 53
277
Isabella County State Bank......................
Mt. Pleasant...........
Jan. 1 8 ....
Sent. 2 6 ....
54 88
93 15
Peoples State Bank........................................................ Munising......................
Mar. 10 . . . .
Aug. 29 —
GO
Muskegon Savings Bank.....................................
Muskegon.....................
Feb. 2 0 ....
Dec.
4. ...
19
Farmers' and Merchants’ Bank.................
Nashville......................
Feb.
4. ...
Oct.
2 ....
54 46
State Savings Bank........................................................ Nashville......................
Feb.
9 ....
Sept. 3 0 ....
25 00
25 00
453
311
25 00
103 25
439
Negaunee State Bank....................................
Negaunee......................
Mar. 7 ....
Aug. 2 6 ....
368
First State Bank.............................................................
Newaygo......................
Feb.
6 ....
Sept. 2 5 ....
26 69
399
Newberry State Bank.................................
Newberry.....................
April 1 9 ....
Aug. 30 . . . .
25 00
245
New Haven Savings Bank.............................................
New Haven..................
Feb.
Sept. 9 ....
28 30
240
Niles City Bank..............................................................
Niles.............................
Dec. 31, ’10 July
Pioneer Bank.......................................................
North Branch..............
May 1 1 ....
Nov. 8 . .. .
49 85
Lapham State Savings Bank.................
Northville....................
Jan. 17...
J uly 1 1 . ..
26 39
33 21
36
367
8 . .. .
5 ... •
33 89
145
Northville State Savings Bank......................................
Northville....................
Jan.
3 ....
July 10 . ...
349
Onaway State Banking Company.................................
Onaway........................
April. 4 ....
Aug. 2 ....
25 00
280
Onaway State Savings Bank........................................
Onaway........................
April 6 ....
Aug. 1 ....
25 00
June 27 . . . .
25 00
Sept. 11 . .
25 00
378
Onsted State Bank.........................................................
Onsted..........................
Feb. 2 3 ....
484
The Citizens Bank.................................
Ontonagon ..................
Aug. 19 . . . .
364
Citizens State Savings Bank.............................
Orion............................ Jan. 25...
25 00
Orion............................
Jan. 1 1 ....
Sept. 9 ....
25 56
365
Otisville State Bank.......................................................
Otisville........................
Feb. 15__
Sept. 1 2 ....
25 00
373
First State Savings Bank..............................................
Otsego..........................
Feb. 8 . .. .
July 12 . . . .
33 12
199
State Savings Bank.......................................................
Ovid.............................
Feb. 1 5 ....
June 2 7 ....
30 79
185
Citizens’ Savings Bank...................................................
Owosso.........................
Jan. 2 4 ....
July 1 7 ....
112
Owosso Savings Bank....................................................
Owosso........................
Jan.
370
State Savings Bank.......................................
Owosso ......................
Jan. 2 1 ....
July 17... .
66 51
328
Farmers’ State Bank......................................................
Oxford..........................
Jan. 2 4 ....
July 1 9 ....
25 00
34
Oxford Savings Bank.....................................................
Oxford..........................
Jan. 2 3 ....
July 19 . . . .
09 88
59
Paw Paw Savings Bank.................................................
Paw Paw......................
Mar. 2 8 ....
Dec. 2 6 ... ■
27 08
25 00
190' Orion State Bank..............................................
9 ....
90 58
77 32
247
State Savings Bank of Peck...........................................
Peck.............................
Mar. 1 3 ....
Dec. 2 7 ....
466
Peoples State Savings Bank........................................... Pells ton........................
April 17 . . . .
Aug. 1 6 ....
25 00
478
Pentwater State Bank....................................................
Pentwater....................
Sept. 2 0 ....
Dec. 1 8 ....
25 00
132
State Bank of Perry.......................................................
Perry............................ Jan. 31..... Sept. 7 ....
25 00
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Federal Reserve Bank of St. Louis
STA TE
Ixxviii
BANKING
D EPA R TM EN T.
L i s t s o f b a n k s e x a m in e d . —
No.
Name of bank.
Continued.
Location.
Date second
Date first
examination. examination.
Amount
paid.
463
H. C. McLachlin & Co., State Bank.......
Petersburg....................
May 3 1 ....
Dec. 19 . . . .
119
First State Bank......................................
Petoskey......................
April 11----
Aug. 1 4 ....
55 66
348
Pigeon State Bank...................................
Pigeon ..........................
May 9 ... . Nov. 6 ....
25 00
476
The Citizens State Savings Bank............
Pinconning...................
Sept. 2 1 ....
Dec. 2 7 ....
25 00
474
Peoples State Bank..................................
Pinconning ................... Sept. 2 0 ....
Dec. 2 8 ....
25 00
400
Pinconning State Bank..........................
Pinconning...................
Feb. 1 4 ....
Sept. 1 9 ....
25 00
282
Citizens’ State Savings Bank.................
Plainwell......................
Mar. 1 5 ....
Oct.
99
Plymouth United Savings Bank............
Plymouth.......... ........... Jan.
456
Pompeii State Bank...............................
275
American Savings Bank.........................
146
149
$25 00
2 ....
30.34
4 . .. .
July 12... .
72 97
Pompeii........................
April 1 2 ....
Sept. 25.. ..
25 00
Pontiac.........................
June 1 9 ....
Nov. 29. ...
49 66
First Commercial Bank..........................
Pontiac.........................
June 1 9 ....
Dec. 11. . ..
232 42
Oakland County Savings Bank..............
Pontiac.........................
June 1 9 ....
Nov. 29__
116 14
211
Pontiac Savings Bank............., ............
Pontiac.........................
June 1 9 ....
Nov. 22... .
148 88
■ 180 61
75
Commercial Bank...................................
Port Huron..................
June 5 . .. .
Nov. 6 ....
375
German-American Savings Bank...........
Port Huron..................
Feb. 1 5 ....
June 5.. ..
39 67
49
Port Huron Savings Bank.....................
Porf Huron..................
Feb. 1 1 ....
June 5 ....
47 25
98
St. Clair County Savings Bank..............
Port Huron..................
Nov. 6 . .. .'
139 93
330
Maynard-Alien State Bank....................
Portland.......................
Jan. 1 7 ....
Sept. 5. . ..
38 81
385
Webber State Savings Bank..................
Portland.......................
Jan. 1 6 ....
Sept. 2 ....
32 08
464
First State Bank....................................
Powers.......................... Mar. 1 1 . . .
Aug. 1 9 ....
25 00
217
Quincy State Bank.................................
Quincy.......................... Jan. 10 ..
July 10 . .. .
25 00
69
State Bank of Reading..........................
Reading........................
May 1 8 ....
Oct. 2 4 ....
25 00
372
Commercial Savings Bank.....................
Reed City....................
April 6----
Aug. 3 0 ....
25 00
393
State Savings Bank...............................
Remus..........................
Mar. 1 4 ....
Sept. 1 1 ....
25 00
206
Macomb County Savings Bank..............
Richmond (Lenox P.O.) May 1 0 ....
Oct. 31. ..
50 41
429
Bank of Riyerdale.................................
Riverdale......................
April 1 8 ....
Sept. 2 8 ....
25 00
332
River Rouge Savings Bank....................
River Rouge................. Dec. 28, ’10 July 27 . . . .
25 00
224
Rochester Savings Bank........................
Rochester.....................
Jan. 1 1 ....
Oct.
4. ...
40 88
331
Rockford State Bank.............................
Rockford......................
Feb. 2 0 ....
Oct.
2 . .. .
25 00
470
The Rockwood State Bank....................
Rockwood....................
Sept. 1 6 ....
Dec. 23 . .. .
354
Presque Isle County Savings Bank.......
Rogers City..................
April 4. .. . Aug. 3 —
194
Romeo Savings Bank.............................
Romeo..........................
Feb.
6 ....
Sept. 1 3 ....
73 81
371
Roscommon State Bank........................
Roscommon.................. Mar. 2 0 ....
June 29... .
25 00
374
Royal Oak Savings Bank......................
Royal Oak....................
Jan. 2 5 ....
July
8. ...
25 00
25
Bank of Saginaw.......... ..........................
Saginaw........................
June 1 2 ....
Nov. 20.. ..
957 86
25 00
25 00
131 22
38
People’s Savings Bank of East Saginaw.
Saginaw......... ..............
June 12... . Nov. 21...
390
Saint Charles State Bank......................
Saint Charles................
Feb. 1 3 ....
July 20. .. .
25 00
29
Commercial and Savings Bank..............
Saint Clair....................
Feb.
June 5.. ..
53 39
39
Clinton County Savings Bank................
Saint Johns..................
May 1 7 ....
Oct.
4 ....
61 27
45
State Bank of St. Johns.........................
Saint Johns..................
Feb. 2 0 ....
Oct.
3 ....
64 49
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Federal Reserve Bank of St. Louis
9 ....
R EPO R T
OF T H E COMMISSIONER.
L i s t s o f b a n k s e x a m in e d . —
No.
Name of bank.
lxxix
Continued.
Location.
Date second
Date first
examination. examination.
Amount
paid.
31
Union Banking Company...........
Saint Joseph................
Mar. 2 5 ....
Dec.
42
Commercial Savings Bank..........
Saint Louis..................
April 24__
Nov. 27 . . . .
41 98
197
Gratiot County State Bank........
Saint Louis..................
April 2 6 ....
Nov. 2 8 ....
25 00
6 ....
$61 75
265
The Citizens’ Bank......................
Saline............................ Jan. 1 4 ....
Sept. 2 3 ....
42 78
395
Saline Savings Bank....................
Saline............................ May 8 ----
Oct. 2 1 ....
25 00
231
State Bank of Sandusky.............
Sandusky...................... Mar. 15 . . . .
Dec. 1 9 ....
33 23
200
Truman Moss State Bank...........
Sandusky......................
Mar. 1 4 ....
Dec. 1 9 ....
25 00
225
Saranac State Bank....................
Saranac........................
Jan. 11----
Oct.
4----
29 54
350
Fruit Growers’ State Bank....... .
Saugatuck....................
Mar. 29__
Sept. 2 6 ....
28 39
269
Central Savings Bank..................
Sault Ste. Marie...........
Mar. 1 4 ....
July 1 9 ....
48 77
54
Sault Savings Bank....................
Sault Ste. Marie...........
Mar. 1 1 ....
July 1 7 ....
79 64
Sept. 2 7 ....
407
Kalamazoo County State Bank..
Schoolcraft................... Mar. 2 7 ....
489
Peoples State Bank....................
Scottville......................
Oct.
204
State Savings Bank of Scottville.
Scottville......................
June 8 . .. .
Oct.
4 ....
25 00
251
Sebewaing State Bank................
Sebewaing....................
Feb.
Nov. 2 2 ....
27 48
398
Central State Savings Bank.......
Shepherd ....................
April 4 ....
Sept’ 25__
25 00
175
Commercial State Bank..............
Shepherd ....................
April 1 ....
Sept. 2 5 ....
25 00
25 00
1 ....
25 00
25 no
5 . .. .
430
State Savings Bank....................
Sherwood......................
Feb. 1 5 . ..
Sept. 1 8 ....
327
South Grand Rapids State Bank.
South Grand Rapids...
Feb. 2 1 ....
Sept, 2 0 ....
37 15
148
Citizens’ State Bank....................
South Haven................
Feb.
1 ....
Sept. 1 2 ....
47 89
71
First State Bank.........................
South Haven................
Jan. 3 1 ....
Sept. 1 1 ....
58 37
306
State Savings Bank....................
South Lyon..................
Jan. 1 2 .... „Aug. 2 1 ....
25 00
278
South Range Bank......................
South Range................
Mar. 7 ....
Aug. 15__
54 00
488
Peoples State Bank.....................
Sparta..........................
207
Sparta State Bank......................
Sparta..........................
Feb.
Oct,
2 . .. .
37 51
404
Springport State Savings Bank..
Springport....................
Dec. 31, TO July
8 . .. .
25 00
279
State Bank..................................
Standish.......................
Feb. 1 3 . . .
Oct. 1 9 ....
32 03
243
State Savings Bank....................
Stanton........................
Jan. 1 1 ....
Sept. 1 4 ....
25 00
270
Bank of Stephenson....................
Stephenson................... Mar. 7 . .. .
Aug. 1 5 ....
25 00
7 ....
392
Stockbridge State Bank..............
Stockbridge..................
May 6 ....
Nov. 28.....
25 00
134
Citizens’ State Bank....................
Sturgis.......................... Jan. 1 6 ....
Sept. 2 0 ....
54 82
290
Leelanau County Savings Bank..
Sutton’s Bay................
June 1 2 ....
Dec. 2 1 ....
25 00
151
Lilley State Bank........................
Tecumseh.....................
Feb.
July
5 . .. .
32 40
156
Tecumseh State Savings Bank...
Tecumseh.....................
Jan. 30----
July
5 . .. .
44 63
258
First State Bank.........................
Tekonsha......................
Feb. 1 4 ....
July 1 2 ....
25 00
Jan. 17...•
1 ....
120
First State Savings Bank...........
Three Rivers................
Sept. 19__
62 36
266
People’s Savings Bank................
Traverse City............... May
3 ....
Dec. 1 8 ....
42 61
1—
138
Traverse City State Bank...........
Traverse City............... May
Dec. 19__
215 12
341
State Savings Bank....................
Turner..........................
Mar. 29----
Oct. 2 4 ....
25 00
289
State Savings Bank....................
Unionville....................
Feb. 2 ....
Sept. 2 7 ....
25 00
K
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Federal Reserve Bank of St. Louis
STATE
lxxx
B A N K IN G
DEPARTM ENT.
L i s t s o f b a n k s e x a m in e d . —
Name of bank.
No.
Concluded.
Location.
Date second
Date first
examination. examination.
Amount
paid.
$27 14
........................................................
Vassar..........................
Feb. 8 ....
Sept. 26... .
467
Michigan Savings Bank..................................................
Vassar..........................
Feb. 2 0 ....
Sept. 2 3 ....
25 00
192
State Savings Bank........................................................ Vassar..........................
Feb.
6 ....
Sept. 2 5 ....
37 30
25 00
241
Pftnlc nf VfLssar
377
Barber Statft Bank
............................................
Vermontville................
Feb. 2 3 ....
Nov. 4 ....
482
The State B an k .............................................................
Vestaburg....................
Sept. 13 . . . .
Dec. 2 7 ....
25 00
344
Farmers State Bank ....................................................
Vicksburg....................
Mar. 1 4 ....
Sept. 2 6 ....
25 00
317
First State Bank .........................................................
Vicksburg......... : .........
Mar. 1 3 ....
Sept. 2 5 ....
30 55
401
State Savings Bank........................................................ Warren.........................
Jan. 2 4 ....
Sept. 1 2 ....
26 17
440
Washington Savings Bank............................................. Washington..................
April 12...
Oct.
2 . .. .
25 00
284
Wayland State Bank.....................................................
Wayland......................
Jan. 30 ■•■ Oct.
3 . .. .
25 00
105
Wayne Savings Bank.....................................................
Wayne..........................
Jan. 25----
July
1___
56 72
415
Farmers State Bank .................................................... Webberville..................
Nov. 2 9 ....
25 00
May 10
Sept. 6 ....
25 00
382
Westphalia State Bank..................................................
Westphalia................... Jan. 18 . . . .
455
First State Bank .........................................................
White Cloud.................
Mar. 20----
Sept. 2 6 ....
25 00
250
State Barik of Whitehall ..............................................
Whitehall.....................
Mar. 2 8 ....
Sept. 1 9 ....
25 00
294
Farmers’ Savings Bank..................................................
White Pigeon............... Jan. 1 6 ....
Sept. 1 8 ....
25 00
438
Frnssman and W illiams State Bank..............................
Williamston..................
Mar. 1 8 ....
Aug. 2 2 ....
25 00
35
329
Williamston State Bank................................................
Williamston..................
Dec. 29, ’10 May
Wolverine State Savings Bank . .
Wolverine....................
Mar. 1 8 ....
166
First Commercial and Savings Bank.............................
Wyandotte................... Jan.
64
Wyandotte Savings Bank..............................................
Wyandotte...................
Feb. 1 5 . . .
9 . .. .
227
Yale State Bank .........................................................
Yale.............................
86
Ypsilanfi Savings B an k ................................................
Ypsilanti......................
307
State Commercial and Savings Bank ..........................
226
9 ....
June 27... •
June 2 6 ....
36 30
25 00
37 89
5 ...
113 63
June 8 . .. .
Dec. 2 6 ....
35 44
May 2 9 ....
Sept. 2 5 ....
81 62
Zeeland........................
May 1 7 ....
Nov. 2 5 ....
28 23
Zeeland State Bank........................................................ Zeeland........................
May 1 5 ....
Dec. 2 —
101 91
July
December 30, 1911.
Hon. E. H. Doyle, Commissioner of the Banking Department, Lansing,
Michigan :
Dear Sir—In accordance with your request we have examined the
reports of the several state banks and trust companies on file with your
department and find that the amounts of the fees turned over by you
to this Department during the year 1911 are correct in accordance with
the provisions of Section 10 of the Banking Law.
Very truly yours,
(Signed) J. W. H a a r e r ,
D eputy State Treasurer.
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
STATE
lxxxii
BAN KING
D EPA R TM EN T.
COMPARATIVE ABSTRACTS (STATE BANKS).
C o m p a r a tiv e a b str 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 th e la s t r e p o r ts of M ic h
ig 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 , 1894-, 1 8 9 5 , 1 8 9 6 ,
1897, 1898, 1899, 1900, 1901, 1902, 1903, 1904, 1905, 1903, 1907, 1908, 1909, 1910, a n d
19 1 1 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.
December
19, 1890,
106 banks, 2
trust
companies.
December
2, 1891,
121 banks, 3
trust
companies.
December
9, 1892,
138 banks, 3
trust
companies.
December
19,1893,
159 banks, 3
trust
companies.
624,667 12
27,628,145 16
¡30,543,959 76
>38,883,892 66
$32,402,874 53
645,031 54
18,846,637 08
21,308,913 14
26,843,183 47
24,804,367 45
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
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
,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
2,649,533 48
$73,156,116 80
$9,522,420 00 $11,109,827 59
$12,311,041 98
Resources.
Loans and discounts............................
Stocks, bonds and mortgages.............
December
11, 1889,
90 banks, 2
trust
companies.
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
18,081 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
42,076 74
Certified checks...............................
29,987 61
40,450 93
37,541 35
67,981 89
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
,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 T H E
COMMISSIONER.
lxxxiii
C o m p a r a tiv e a b str a c ts (S ta te B a n k s ) . —Continued.
i
Resources.
December
19, 1894,
164 banks, 4
trust
companies.
December
13, 1895,
169 banks, 4
trust
companies.
December
17,1896,
173 banks, 3
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 91
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.............
26,516,601 07
27,852,301 82
Overdrafts...........................................
192,415 39
Banking house, furniture and fixtures.
Other real estate.................................
403,575 78
Interest paid.....................
312,758 62
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
893,192 24
Premiums paid....................................
Due from other banks and bankers...
361,668 44
392,582 07
481,787 89
837,584 03
Exchanges for clearing house.............
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
2,530,810 00
2,590,180 00
2,754,711 00
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
2,870,322 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
18,025,578 88
20,599,904 56
Individual deposits.............................. 15,476,103 85
16,562,755 06
15,274,265 98
7,024,676 13
8,364,560 85
7,530,592 54
8,576,587 67
9,782,646 49
54,105,981 76
111,903 86
Certificates of deposit..........................
Savings deposits..................................
35,939,957 25
41,192,483 54
42,055,852 60
48,076,282 71
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
3,647,253 47
4,420,425 42
Due to banks and bankers..................
2,007,773 87
1,936,615 12
2,441,450 29
Notes and bills rediscounted...............
354,059 88
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 j$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
STA TE
lxxxiv
BANKING
D EPA R TM EN T.
C o m p a r a tiv e a b s tr a c ts (S ta te B a n k s ) . —Continued.
November
17, 1903,
242 state
banks, 4 trust
companies,
1 society
for savings.
Resources.
December
2, 1899,
187 banks, 3
trust
companies.
December
13, 1900,
192 banks, 3
trust
companies.
December
10, 1901,
213 banks, 3
trust
companies.
November
25, 1902,
228 banks, 4
trust
companies.
Loans and discounts..................
$50,272,936 26
$53,161,024 07
$61,706,112 90
$71,029,727 87
$76,013,937 01
Stocks, bonds and mortgages. . .
43,420,804 26
46,495,505 41
55,903,472 79
62,718,889 40
66,317,185 97
Overdrafts..................................
Banking house furniture and fixtures.......................................
334,526 17
242,650 61
244,675 75
298,124 85
301,921 98
2,075,425 01
2,245,982 87
2,331,104 32
2,428,779 83
2,747,383 27
Other real estate........................
2,032,366 69
2,060,599 30
1,764,547 92
1,740,305 79
1,655,978 73
Premiums paid...........................
213,747 47
337,043 17
323,505 22
295,373 97
204,608 79
Due from banks in reserve cities.
Due from other banks and bankers...........................................
14,395,138 44
16,304,200 53
19,334,239 13
19,566,876 95
20,455,482 93
999,267 91
1,154,911 42
1,597,714 10
1,818,528 06
1,363,614 21
Exchanges for clearing house. . .
451,809 45
422,415 20
906,754 45
643,168 60
628,326 98
Checks and cash items...............
385,617 28
320,197 45
343,580 67
531,318 02
418,158 14
Nickels and cents.......................
26,844 79
30,507 54
33,336 21
45,262 35
58,008 16
Gold coin....................................
2,782,654 49
3,246,550 00
3,245,496 21
3,634,079 16
3,859,868 27
Silver coin..................................
I'nited States and National bank
notes.......................................
383,374 38
422,770 86
452,093 97
512,225 31
663,741 42
3,016,402 00
3,514,851 00
4,000,396 11
4,457,448 25
4,686,754 47
Totals.................................. $120,790,914 60 $129,959,209 43 $152,193,029 75 $169,720,108 41
$179,434,970 33
Liabilities.
Capital stock paid in..................
$12,262,100 00
$12,953,523 85
$14,035,880 00
$14,842,470 00
$15,919,551 21
Surplus fund...............................
2,987,971 24
3,065,924 18
3,762,660 91
4,959,893 71
5,560,112 18
Undivided earnings n et.............
2,102,350 42
2,430,966 72
2,932,193 32
3,251,864 56
3,565,570 84
Dividends unpaid......................
11,914 42
10,178 36
4,929 72
2,876 72
3,511 36
Individual deposits....................
24,522,326 97
24,840,803 37
29,540,186 91
34,503,984 97
37,280,300 03
Certificates of deposit................
12,250,239 67
12,341,538 00
14,664,986 47
16,952,741 46
17,570,185 09
Savings deposits........................
62,660,212 66
69,548,293 05
81,609,318 57
89,278,662 99
93,473,139 78
110,395 49
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
77,541 33
Due to banks and bankers.........
3,748,526 37
4,481,075 44
5,368,915 27
5,259,834 85
5,365,378 83
Notes and bills rediscounted....
14,000 00
35,799 00
6,071 19
75,479 88
97,711 15
Bills payable..............................
Liabilities other than above
81,173 30
125,468 75
104,500 00
251,508 10
411,573 04
Totals.................................. $120,790,914 60 $129,959,209 43 $152,193,029 75 $169,720,108 41
$179,434,970 33
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R E PO R T
OF T H E
lxxxv
COMMISSIONER.
C o m p a r a tiv e a b s tr a c ts (S ta te B a n k s ) . —Continued.
Resources.
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.
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.
186,181,935 90 $101,287,736 39
$106,958,178 47
78,124,757 40
85,902,873 96
88,945,067 90
197,553 07
311,210 78
373,212 14
303,930 99
Banking house, furniture and fixtures. ..
902,806 42
3,377,379 76
3,934,435 08
4,727,158 99
Other real estate.......................................
608,035 94
1,590,630 18
1,593,318 80
1,367,853 18
Loans and discounts.................................
746,336 05
Stocks, bonds and mortgages...................
383,331 90
Overdrafts................................................
Expenses and taxes paid........................
Interest paid............................................
Premiums paid.......................................
241,162 15
237,081 56
213,682 12
165,612 84
Due from banks in reserve cities...........
137,556 22
25,542,384 93
26,665,895 22
21,295,814 35
Due from other banks and bankers.......
287,220 02
1,934,177 39
2,551,776 64
2,368,708 60
Exchanges for clearing house.................
854,065 78
827,349 43
1,959,708 99
1,288,117 10
Checks and cash items...........................
353,232 19
394,181 89
483,736 42
389,022 14
Nickels and cents...................................
73,587 98
64,972 73
73,300 45
83,879 98
Gold coin.................................................
,499,431 65
4,324,849 84
4,559,569 06
4,596,825 41
Silver coin..............................................
599,619 41
687,826 10
712,190 77
937,065 78
United States and National Bank notes.
,049,774 00
5,937,153 75
6,453,153 95
8,613,878 75
$185,933,712 78 $209,535,891 64 $236,764,589 99
$242,041,114 48
Totals.
Liabilities.
Capital stock paid in ......................
111,120 00
$17,403,144 04
$19,119,930 00
$20,351,064 00
Surplus fund...................................
471,703 33
7,239,305 31
8,547,385 55
10,196,000 34
Undivided earnings, n e t.................
055,451 39
3,836,000 67
4,710,432 87
4,618,594 41
Dividends unpaid............................
5,291 14
2,933 29
4,853 69
7,375 23
Individual deposits.........................
287,417 40
45,041,231 95
53,085,474 90
47,587,078 42
Certificates of deposit.....................
679,540 71
18,364,826 02
18,991,487 21
16,701,012 53
Savings deposits.............................
782,932 96
111,234,128 86
125,464,596 49
134,923,712 46
Certified checks...............................
191,493 34
90,768 06
204,330 21
136,542 84
212,989 96
Cashier’s checks outstanding..........
136,795 00
105,934 17
172,294 39
Due to banks and bankers.............
902,817 34
5,969,398 11
6,205,626 80
5,753,481 15
211,263 14
State monies on deposit..................
Notes and bills rediscounted...........
76,405 96
90,221 16
93,672 88
Bills payable...................................
232,744 21
158,000 00
164,505 00
Liabilities other than above stated.
Totals.
♦Clearing house certificates.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
972,000 00
*370,000 00
$185,933,712 78 $209,535,891 64 $236,764,589 99
$242,041,114 48
STA TE
lxxxvi
BANKING
D EPA R TM EN T.
C o m p a r a tiv e a b s tr a c ts (S ta te B a n k s ) . —Concluded.
Resources.
November
27, 1908,
350 state
banks, 6 trust
companies.
November
16, 1909,
376 state
banks, 5 trust
companies.
November
10, 1910,
397 state
banks, 5 trust
companies.
December
5, 1911,
416 state
banks, 5 trust
companies.
$98,397,163 38 $105,908,706 77 $122,547,420 16
$130,399,352 60
109,045,073 50
120,056,915 38
138,025,807 91
361,154 87
370,836 07
430,698 51
346,852 48
Banking house, furniture and fixtures............. .
4,992,537 71
5,495,884 72
5,927,665 67
6,758,591 05
Other real estate.......................................................
1,396,444 39
1,457,973 02
1,229,227 35
1,385,780 84
Loans and discounts.................................................
Stocks, bonds and mortgages...................................
95,428,501 97
Overdrafts.................................................................
FiXppTisRR and taxes p n id ........................................
Premiums paid..........................................................
132,204 23
131,811 41
114,442 54
141,465 38
Due from banks in reserve cities..............................
26,623,983 27
32,856,724 82
32,820,872 78
42,287,250 47
Due from other banks and bankers..........................
1,990,316 84
2,358,731 88
3,098,714 79
3,403,593 63
Exchanges for clearing house...................................
1,130,604 67
1,342,339 37
1,507,375 56
2,088,218 41
Checks and cash items..............................................
311,115 78
337,951 20
398,029 49
513,060 69
Nickels and cents......................................................
92,422 67
95,377 97
106,173 88
118.079 49
Gold coin...................................................................
4,948,685 92
5,152,211 69
5,189,697 32
6,130,272 10
Silver coin.................................................................
800,440 67
917,863 81
1,055,454 91
1,029,836 46
United States and National bank notes..................
7,682,136 00
8,246,730 00
9,513,427 95
10,641,263 00
Totals................................................................. $244,287,712 37 $273,718,216 23 $303,996,116 29
$343,269,424 51
Liabilities.
Capital stock paid in ................................................
$21,626,273 53
$22,161,133 00
$23,862,810 00
$26,736,595 00
Surplus fund.............................................................
10,785,497 24
11,402,419 44
12,015,146 57
13,941,895 37
Undivided earnings net............................................
5,035,772 52
5,340,696 86
5,867,508 17
6,150,191 02
Dividends unpaid......................................................
6,873 00
14,272 08
13,024 41
17,001 50
Individual depsoits....................... ...........................
50,450,061 86
61,951,396 26
67,238,188 48
76,650,505 67
Certificates of deposit...............................................
11,402,933 09
13,192,935 86
15,937,272 92
18,101,332 81
Savings deposits............................... ....................
137,811,470 73
151,290,590 74
169,072,348 91
190,590,212 51
Certified checks.........................................................
151,935 26
162,907 25
196,470 57
310,496 22
Cashier’s checks outstanding....................................
131,766 74
234,924 59
279,179 90
280,506 24
Due to banks and bankers , .....................................
6,392,573 47
7,277,997 59
8,222,465 26
9,344,879 94
185,226 94
390,646 17
200,433 20
Notes and bills rediscounted.....................................
170,854 33
80,189 01
221,152 22
156,862 21
Bills payable.............................................................
321,700 00
311,000 00
441,500 00
496,435 50
112,526 61
238,402 71
292,077 32
Totals................................................................. $244,287,712 37 $273,718,216 23 $303,996,116 29
$343,269,424 51
Liabilities other than above stated..........................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R EPO R T
OF T H E
COMMISSIONER.
lxx x v ii
COMPARATIVE ABSTRACTS (NATIONAL BANKS).
C o m p a r a tiv e a b str a c ts, sh o w in g th e v o lu m e o f b u s in e s s o f th e n a tio n a l b a n k s of th e S ta te fro m
the la st 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 3 , 1 8 9 4 , 1 8 9 5 , 1 8 9 6 ,
1897, 1898, 1899, 1900, 1901, 1902, 1903, 1904, 1905, 1906, 1907, 1908, 1909, 1910,
a n d 1 9 1 1 , a s m a d e to a n d fu r n is h e d th is d e p a r tm e n t b y th e c o m p tro lle r o f th e 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
314,041 78
316,798 82
308,899 32
330,626 32
6,945,499 58
Exchanges 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 $15,244,600 00 $15,034,000 00
$14,584,000 00
Surplus fund.......................................
3,173,932 03
3,332,775 18
3,715,238 33
3,858,283 29
3,769,273 96
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
T'nited States deposits........................
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
426,228 15
100 00
23,000 00
Bills payable.......................................
Liabilities other than those above
stated ...............................................
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
STA TE
lxxxviii
BAN KING
D EPA R TM EN T.
C o m p a r a tiv e a b s tr a c ts (N a tio n a l B a n k s ) . —Continued.
Resources.
Loans and discounts..........................
December
19, 1894,
96 national
banks.
December
13, 1895,
94 national
banks.
December
17, 1896,
89 national
banks.
December
15, 1897,
82 national
banks.
$43,083,288 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
6,461,223 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
Due from other banks and bankers..
2,138,681 61
1,754,960 91
2,145,066 98
3,492,498 90
3,757,850 18
Banking house, furniture and fixtures
1,057,140 95
1,016,259 30
1,029,048 72
943,880 03
1,019,100 09
556,397 40
690,205 85
796,229 53
88» 219 77
1,061,231 36
392,218 02
Other real estate...............................
9,766,446 01
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
$67,281,708 68 $66,970,828 96 $65,435,775 97 $71,554,966 02
5,815,182 64
Capital stock paid in ...................
634.000 00 $13,434,000 00 $12,959,000 00 $11,945,000 00
$11,770,000 00
Surplus fund................................
572,570 99
3,631,010 78
3,418,221 47
3,242,018 09
3,188,318 72
Undivided earnings, net...............
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......................
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..........
641,246 57
7,406,212 51
8,260,695 23
11,772,976 46
11,760,185 28
National bank notes outstanding.
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
Clearing house certificates..................
Totals.
Liabilities.
1,364 80
1,142 35
380 40
Reserved for taxes...........
Bonds borrowed...............
Clearing house certificates.
Totals.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$67,281,708 68 $66,970,828 96 $65,435,775 97
1,554,966 02
$76,815,182 64
R EPO R T
OF T H E
COMMISSIONER.
Ixxxix
C o m p a r a tiv e a b s tr a c ts (N a tio n a l B a n k s ) . —Continued.
Resources.
December
2, 1899,
80 national
banks.
December
13, 1900,
85 national
banks.
1
December
10,1901,
85 national
banks.
November
25, 1902,
84 national
banks.
Loans and discounts............................ $47,581,061 50 151,651,236 44 $54,938,142 28 $60,694,986 71
November
17, 1903,
87 national
banks.
$64,088,225 33
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
351,732 17
Due from reserve agents.....................
8,671,815 91
10,658,399 31
11,231,301 10
10,167,335 72
9,147,612 91
Due from other banks and bankers...
3,647,971 66
3,463,374 00
4,058,641 12
3,845,841 49
4,174,213 53
1,300,681 27
1,363,481 00
455,261 67
393,115 75
499,453 75
Banking house, furniture and fixtures.
1,003,999 44
1,142,970 99
1,150,952 69
Other real estate.................................
1,060,810 20
927,158 12
696,254 41
16,331,297 13
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
182,558 75
Cash.....................................................
6,151,557 96
7,105,053 78
7,358,362 08
6,554,095 31
6,834,835 11
Due from United States treasurer. .. .
242,948 86
308,427 88
336,238 00
326,770 50
378,175 67
Premiums on United States bonds....
453,937 69
203,917 94
228,358 81
356,315 39
311,370 92
Clearing house certificates..................
Totals........................................... $81,498,517 67 $88,623,537 34 $95,561,515 74 $99,974,511 02 $104,056,072 02
Liabilities.
Capital stock paid in........................... $11,440,000 00 $11,578,000 00 $11,548,750 00 $11,380,000 00
$12,530,000 00
Surplus fund........................................
3,157,388 20
3,276,188 20
3,052,638 20
3,416,538 20
3,782,538 20
Undivided earnings, net......................
1,563,841 93
1,850,274 85
2,007,685 64
2,157,217 18
2,454,374 37
Dividends unpaid................................
17,340 81
13,983 81
18,542 81
13,357 81
16,440 61
Individual deposits.............................. 49,920,532 09
54,232,091 31
59,593,561 95
63,316,731 07
65,305,659 11
United States deposits........................
1,354,864 72
1,391,304 19
1,772,959 84
2,150,114 62
2,404,832 56
Due to banks and bankers..................
9,738,696 81
11,024,083 47
11,764,875 41
11,611,241 60
10,418,980 57
National bank notes outstanding.......
4,250,300 00
5,160,102 50
5,580,200 00
5,639,200 00
6,774,840 00
Notes and bills rediscounted...............
23,644 61
11,989 72
5,500 00
21,500 00
182,202 70
Bills payable........................................
Liabilities other than those above.
stated ...............................................
27,000 00
75,000 00
205,000 00
107,000 00
178,000 00
4,908 50
10,519 29
11,801 89
161,610 54
8,203 90
Received for taxes...............................
Bonds borrowed..................................
Clearing house certificates..................
!
Totals........................................... $81,498,517 67 $88,623,537 34 $95,561,515 74 $99,974,511 02 $104,056,072 02
i
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
xc
STA TE
BANKING
D EPA R TM EN T.
C o m p a r a tiv e a b s tr a c ts (N a tio n a l B a n k s ) . —Continued.
Resources.
September
6, 1904,
88 national
banks.
N ovember
9, 1905,
88 national
banks.
November
12, 1906,
88 national
banks.
December
3,1907,
93 national
banks.
Loans and discounts.................................................
$65,803,150 16
$72,264,051 95
$81,508,444 65
$83,949,198 51
Stocks, bonds and mortgages...................................
16,876,755 37
16,943,886 45
19,294,724 24
19,321,131 14
Overdrafts.................................................................
249,830 11
235,237 50
266,233 92
215,231 50
Due from reserve agents...........................................
10,991,502 16
10,983,065 10
12,398,886 17
10,160,561 91
Due from other banks and bankers..........................
4,414,365 24
5,462,829 33
6,396,474 02
5,127,590 55
Banking house, furniture and fixtures......................
1,488,498 28
1,577,703 17
1,641,589 76
1,946,629 37
Other real estate.......................................................
380,373 53
358,357 49
300,029 77
345,190 33
753,547 93
Current expenses and taxes paid..............................
Exchanges for clearing house...................................
715,114 06
736,445 31
1,126,918 66
Checks and cash items..............................................
270,131 43
213,672 23
297,726 82
341,954 39
Cash..........................................................................
7,553,259 40
8,093,277 55
8,673,007 28
9,317,138 52
Due from United States treasurer............................
399,420 00
436,085 50
453,002 50
428,725 50
Premiums on United States bonds..........................
255,738 73
190,849 25
158,401 28
Clearing house certificates.........................................
188,259 66
595,194 00
Totals................................................................. $109,398,138 47 $117,495,460 83 $132,515,439 07
$132,090,353 31
Liabilities.
Capital stock paid in ................................................
$12,730,000 00
$13,030,000 00
$13 005,000 00
$14,465,000 00
Surplus fund.............................................................
4,266,688 20
4,595,788 20
5,264,262 50
5,490,612 50
Undivided earnings, n e t...........................................
2,094,959 00
2,149,975 63
2,260,314 62
2,757,173 91
Dividends unpaid......................................................
5,156 93
16,854 34
13,904 54
16,379 16
Individual deposits...................................................
69,945,810 33
76,475,628 68
88,758,552 46
84,864,150 47
United States deposits..............................................
1,712,739 74
1,128,820 61
2,325,780 85
3,526,031 73
Due to banks and bankers.......................................
11,323,976 44
12,473,253 68
12,642,438 95
12,053,642 00
7,863,265 00
National bank notes outstanding.............................
7,218,930 00
7,469,030 00
7,939,985 00
Notes and bills rediscounted.....................................
41,595 90
91,495 96
85,948 00
358,538 03
Bills payable.............................................................
35,000 00
13,000 00
125,000 00
445,000 00
Liabilities other than those above stated.................
23,281 93
51,613 73
32,360 07
26,691 01
Reserved for taxes....................................................
61,892 08
65,881 50
Bonds borrowed........................................................
563,000 00
Clearing house certificates........................................
194,988 00
Totals................................................................. $109,398,138 47 $117,495,460 83 $132,515,439 07
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
\
$132,690,353 31
R E PO R T
OF T H E
xci
COMMISSIONER.
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 ) . —Concluded.
Resources.
November
27, 1908,
96 national
banks.
November
16, 1909,
99 national
banks.
November
10, 1910,
102 national
banks.
December
5, 1911,
100 national
banks.
Loans and discounts.................................................
$84,061,275 46
$92,367,238 25
$94,399,247 59
$98,141,056 79
Stocks, bonds and mortgages...................................
23,306,141 71
26,396,496 17
26,197,397 50
31,110,470 79
Overdrafts.................................................................
241,345 49
232,943 08
224,793 19
174,947 27
Due from reserve agents...........................................
13,761,102 88
14,600,685 65
12,508,396 52
15,506,585 55
Due from other banks and bankers..........................
6,292,135 23
7,797,672 74
7,354,941 25
8,636,916 03
Banking house furniture and fixtures......................
2,477,820 19
2,651,928 17
2,760,094 59
2,972,559 94
Other real estate.......................................................
291,505 80
285,810 50
233,793 96
315,097 32
1,233,099 06
Current expenses and taxes paid
Exchanges for clearing house...................................
789,398 40
868,545 43
885,419 43
Checks and cash items..............................................
311,082 74
255,876 57
282,805 75
289,791 44
Cash..........................................................................
11,253,727 70
11,305,003 35
11,646,267 67
12,114,396 54
Due from United States treasurer............................
530,765 50
593,170 00
660,793 29
653,488 50
Premiums on United States bonds..........................
214,339 93
176,160 63
107,956 02
58,082 91
Totals................................................................. $143,530,641 03 $157,531,530 54 $157,261,906 76
$171,206,492 14
Clearing house certificates
....
Liabilities.
Capital stock paid in ................................................
$14,955,000 00
$15,189,500 00
$14,641,300 00
$14,707,050 00
Surplus fund.............................................................
6,068,150 00
6,416,510 99
6,680,603 00
6,819,063 09
Undivided earnings net............................................
2,650,316 37
2,881,308 23
3,073,386 99
3,474,433 28
Dividends unpaid......................................................
7,975 85
33,221 55
16,909 31
11,675 51
103,479,596 56
113,588,635 73
Individual deposits...................................................
92,506,619 35
103,669,284 41
United States deposits..............................................
2,442,065 88
959,365 22
990,301 63
1,155,747 64
21,055,762 92
Due to banks and bankers.......................................
15,265,250 30
18,011,053 82
17,220,806 46
National bank notes outstanding.............................
9,010,475 00
9,894,100 50
10,161,987 50
9,999,000 00
124,265 83
142,064 93
270,879 75
86,255 70
74,000 00
456,000 00
40,000 00
29,610 00
18,940 00
5.000 00
51,668 27
Notes and bills rediscounted.....................................
Bills payable.............................................................
Liabilities other than those above stated................
130,000 00
13,300 00
Reserved for taxes....................................................
51,222 45
31,510 89
41,995 56
Bonds borrowed........................................................
306,000 00
200,000 00
209,200 00
212,200 00
Totals................................................................. $143,530,641 03 $157,531,530 54 $157,261,906 76
$171,206,492 14
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE
XC11
BAN KING
D EPA R TM EN T.
STATE BANKS.
1911.
A b s tr a c ts of r e p o rts 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 of the B a n k
in g D e p a r tm e n t, the r e p o rts 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,
viz.,' J a n u a r y 7, M a r c h 7, J u n e 7, S e p te m b e r 1 a n d D ece m b e r 5 , 1 9 1 1 . F o r r e p o rts o f
in d i v i d u a l S ta te b a n k s a n d T r 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
Jan. 7,
399 state
banks, 5 trust
companies.
Resources.
Loans and discounts:
Commercial department.............
Savings department...................
Bonds, mortgages and securities:
Commercial department.............
Savings department...................
Premium account..........................
Overdrafts......................................
Expenses, interest and taxes paid, ex
ceeding earnings...............................
Banking house................................. 1
Furniture and fixtures.................... /
Other real estate.................................
Due from other banks and bankers
not reserve cities..............................
Items in transit...................................
United States bonds:
Savings department........................
Commercial department..................
Due from banks in reserve cities:
Commercial department..................
Savings department............. ...........
Exchanges for clearing houses:
Commercial department..................
Savings department........................
l T. S. and National bank currency:
Commercial department..................
Savings department........................
Gold coin:
Commercial department..................
_Savings department........................
Silver coin:
Commercial department..................
Savings department........................
Nickels and cents:
Commercial department..................
Savings department........................
Checks and other cash items..............
Report of
March 7,
402 state
banks, 5 trust
companies.
Report of
June 7,
410 state
banks, 5 trust
companies.
Report of
Sept. 1,
413 state
banks, 5 trust
companies.
$83,589,285 49 $82,789,019 44 $87,005,810 31 $90,956,380 11
37,297,689 31 37,321,219 06 37,268,628 96 38,513,866 69
13,437,158
107,565,242
106,583
498,625
01 12,880,073 49 13,877,408 26 15,367,260 43
00 109,914,096 00 115,284,152 59 118,332,976 66
29
114,208 24
132,105 19
148,535 69
74
426,577 32
342,847 26
361,346 92
Report of
Dec. 5,
416 state
banks, 5 trust
companies.
$90,843,994 07
39,555,358 53
15,878,475
121,506,222
141,465
346,852
04
87
38
48
6,019,933 54
1,284,909 44
6,098,239 66
1,263,751 76
6,250,283 00
1,248,036 76
6,814,075 55
1,350,674 88
6,758,591 05
1,385,780 84
881,818 10
2,124,319 49
898,132 43
1,849,551 53
892,331 68
1,695,229 12
847,641 65
1,943,852 32
816,682 32
2,586,911 31
517,020 00
517,020 00
508,820 00
600,615 00
40,500 00
621,110 00
17,480,731 10
19,665,254 56
19,228,360 74
22,045,476 88
20,370,835 64
21,478,399 35
17,647,242 12
21,070,943 02
20,031,454 62
22,255,795 85
1,819,648 08
155,465 17
1,185,667 87
168,658 74
592,024 23
128,331 92
1,632,419 15
192,132 72
1,935,012 48
153,205 93
4,442,239 17
5,240,752 33
4,132,871 63
5,186,385 06
6,590,183 00
5,134,557 15
5,636,760 78
4,823,523 45
5,029,788 00
5,611,475 00
1,074,072 20
4,518,520 88
1,506,864 81
4,455,495 29
1,090,449 83
5,006,113 98
1,204,617 23
5,117,999 43
1,188,039 50
4,942,232 60
874,113 39
268,574 14
767,692 40
235,729 30
757,187 75
234,956 26
785,546 02
238,890 63
782,258 68
247,577 78
92,528 37
24,943 64
612,569 82
93,446 72
24,305 98
391,630 17
86,139 87
25,702 68
411,266 95
89,901 33
26,144 51
462,162 12
90,042 71
28,036 78
513,060 69
20,000 00
Totals........................................... $309,591,997 26 $313,494,474 52 $326,411,801 74 $334,206,014 41 $343,269,424 51
Liabilities.
Capital stock paid in.
Surplus fund..............
$24,048,496 67 $24,230,935 01 $24,799,775 00 $26,680,930 00
12,378,579 24 12,536,687 72 13,109,507 74 13,814,388 37
$26,736,595 00
13,941,895 37
expenses, interest and taxes paid...
Dividends unpaid................................
Commercial deposits subject to check
Commercial certificates of deposit
Certified checks...................................
Cashier's checks outstanding..............
State monies on deposit......................
Due to banks and bankers..................
Savings deposits..................................
Savings certificates of deposit.............
Reserved for taxes, interest, etc.........
Notes and bills re-discounted.............
Bills payable........................................
Other liabilities...................................
5,053,352
178,596
70,130,625
15,985,382
249,877
223,496
143,786
8,636,010
134,322,141
37,471,229
142,067
275,265
330,600
22,488
6,150,191
17,001
76,650,505
18,101,332
310.496
280,506
200,433
9,344,879
148,645,516
41,944,695
292,077
156,862
496,435
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
44
5,543,173 04
5,628,391 77
5,230,644 96
73
25,673 52
15,893 99
21,158 13
17 67,305,322 17 73,607,884 63 76,266,567 31
58 16,624,399 82 16,587,920 65 16,730,495 14
51
217,215 79
276,819 82
191,299 01
76
298,266 17
315,572 41
362,189 74
33
821,784 38
946,198 75
709,899 87
73
9,147,800 62
9,427,981 06
8,497,558 54
75 137,097,312 08 141,286,711 90 144,293,002 89
50 39,047,009 65 39,658,196 95 40,750,081 37
53
228,692 18
281,117 44
171,422 09
55
147,602 37
114,167 35
102,425 07
00
222,600 00
355,662 28
383,951 92
77
$309,591,997 26 $313,494,474 52 $326,411,801 74 $334,206,014 41
02
50
67
81
22
24
20
94
72
79
32
21
50
$343,269,424 51
R EPO R T
OF T H E
COM MISSIONER.
xciii
NATIONAL BANKS.
1911.
A b s tr a c ts o f re p o rts 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 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, J a n u a r y 7, M a r c h 7 , J u n e 7 , S e p te m b e r 1 a n d D e c e m b e r 5 , 1 9 1 1 . F o r
r e p o r ts of i n d iv id u a l N a tio n a l B a n k s see su c c e e d in g p a g e s .
Resources.
Report of
Jan. 7,
102 national
banks.
Report of
March 7,
100 national
banks.
Report of
June 7,
100 national
banks.
Report of
Sept. 1,
100 national
banks.
Loans and discounts............................ $97,435,521 72 $96,371,291 58 $97,050,860 53 $97,937,190 00
Report of
Dec. 5,
100 national
banks.
$98,141,056 79
Overdrafts, secured and unsecured....
297,527 85
229,854 40
233,338 91
207,597 20
174,947 27
LT. S. bonds to secure circulation.......
10,071,250 00
10,596,250 00
10,162,250 00
10,167,250 00
10,179,750 00
U. S. bonds to secure U. S. deposits..
970,000 00
970,000 00
970,000 00
995,000 00
1,146,000 00
Other bonds to secure U. S. deposits..
50,000 00
55,000 00
87,921 20
264,324 15
572,282 05
U. S. bonds on hand...........................
106,480 00
104,580 00
579,580 00
692,840 00
623,320 00
Premiums on U. S. bonds...................
83,693 55
75,462 04
74,509 28
68,461 74
58,082 91
Stocks, securities, etc..........................
15,413,681 18
15,598,496 98
17,888,937 51
18,820,114 34
18,589,118 74
Banking house, furniture and fixtures.
2,858,477 37
2,853,545 21
2,935,313 53
2,978,704 81
2,972,559 94
Other real estate and mortgages owned
Due from national banks (not reserve
agents)..............................................
224,960 18
219,244 26
214,582 70
242,826 65
315,097 32
4,561,923 68
5,673,928 80
5,113,581 72
5,111,820 18
5,173,542 69
Due from state banks and bankers....
3,048,869 78
2,937,996 99
3,447,996 65
3,015,466 10
3,463,373 34
Due from approved reserve agents....
13,445,863 58
17,642,986 83
18,308,657 52
16,040,568 61
15,506,585 55
Checks and other cash items...............
324,599 14
272,201 22
278,216 11
300,178 94
289,791 44
Exchanges for clearing house.............
1,611,821 88
985,426 51
880,699 74
995,955 07
1,233,099 06
Notes of other national banks............
Fractional paper currencv, 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.......................
972,393 00
850,701 00
1,098,816 00
1,097,329 00
915,210 00
69,138 82
7,012,570 58
3,819,976 00
74,807 33
6,895,986 20
3,522,241 00
58,303 62
7,337,334 98
4,813,612 00
80,191 08
7,275,047 87
5,001,478 00
73,254 71
7,071,105 83
4,054,826 00
526,285 00
509,507 50
497,460 00
503,110 00
500,535 00
226,457 50
160,008 50
159,507 50
222,081 50
152,953 50
Totals........................................... $163,731,490 81 $166,599,516 35 $172,191,479 50 $172,017,535 24 $171,206,492 14
Liabilities.
Capital stock paid in...........................
Surplus fund.........................................
Undivided profits less expenses and
taxes paid.........................................
National bank notes outstanding.......
Due to other national banks...............
Due to state banks and bankers.........
Dividends rnmaid................................
Individual deposits subject to check..
Demand certificates of deposit ..
Time certificates of deposit...
Certified checks...
Cashier’s checks outstanding ...
United States deposits........................
Deposits of U. S. disbursing officers...
Bonds borrowed...................................
Notes and bills rediscounted...............
Bills payable........................................
Reserved for taxes...............................
Liabilities other than those above
stated...............................................
$15,153,039 00 $14,710,000 00 $14,710,000 00 $14,710,000 00
6,894,406 00
6,788,610 00
6,819,770 00
6,783,610 00
$14,707,050 00
6,819,063 09
2,608,472
10,591,435
4,947,719
14,506,408
86,105
107,377,604
719,559
218,735
206,200
184,988
200,000
28,842
25
2,849,151
00 10,405,860
30
5,820,673
08 15,963,551
47
6,079
63 108,715,342
62
3,208,293
00
9,930,460
97
6,339,376
61 16,052,856
15
6,960
30 113,801,324
2,968,981
33
9,919,687
00
6,047,933
92
51 15,609,198
79
6,875
71 114,543,098
08
50
91
59
04
43
3,474,433
9,999,000
6,135,252
14,920,510
11,675
113,588,635
28
00
82
10
51
73
40
96
00
70
00
02
31
87
00
26
00
26
63
93
00
91
00
32
746,314
231,317
209,200
126,990
40,000
30,908
60
92
00
24
00
93
814,499
341,248
212,200
86,255
40,000
51,668
64
00
00
70
00
27
7,975 00
736,749
232,666
208,700
99,281
25,000
35,650
7,200 00
715,813
260,756
206,700
40,591
50,000
74,674
5,060 45
7,250 00
5,000 00
Totals........................................... $163,731,490 81 $166,599,516 35 $172,191,479 50 $172,017,535 24 $171,206,492 14
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE
XC1V
BANKING
D EPA R TM EN T.
STATE AND NATIONAL BANKS.
1911.
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 tra 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 T r 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, J a n u a r y 7 , M a r c h 7, J u n e 7 , S e p te m b e r 1 a n d D e c e m b e r 5 , 1 9 1 1 .
Resources.
Report of
Jan. 7, 399
state banks,
102 national
banks, 5 trust
companies.
Report of
March 7, 402
state banks,
100 national
banks, 5 trust
companies.
Report of
June 7, 410
state banks,
100 national
banks, 5 trust
companies.
Report of
Sept. 1, 413
state banks,
100 national
banks, 5 trust
companies.
Report of
Dec. 5, 416
state banks,
100 national
banks, 5 trust
companies.
Loans and discounts............................ $218,322,496 52 $218,358,081 61 $221,325,299 80 $229,351,289 12 $228,540,409 39
Stocks, bonds and mortgages............. 136,416,081 19 138,392,666 47 147,050,498 36 152,520,351 43
155,973,816 65
Overdrafts............................................
796,153 59
656,431 72
576,186 17
568,944 12
521,799 75
U. S. bonds to secure circulation.......
10,671,250 00
10,596,250 00
10,162,250 00
10,167,250 00
10,179,750 00
1,146,000 00
U. S. bonds to secure U. S. deposits. .
970,000 00
970,000 00
970,000 00
995,000 00
Other bonds to secure LT. S. deposits..
50,000 00
55,000 00
87,921 20
264,324 15
572,282 05
U. S. bonds on hand............................
623,500 00
621,600 00
1,088,400 00
1,333,955 00
1,264,430 00
Premiums paid.....................................
190,276 84
189,670 28
206,614 47
216,997 43
199,548 29
Banking house, furniture and fixtures.
8,878,410 91
8,951,784 87
9,185,596 53
9,792,780 36
9,731,150 99
Other real estate.................................
1,509,869 62
1,482,996 02
1,462,619 46
1,593,501 53
1,700,878 16
Due from other banks and bankers...
10,616,931 05
9,510,058 22
*9,453,910 05
8,974,927 93
9,453,598 35
Due from banks in reserve cities........
50,591,849 24
58,916,824 45
60,157,892 51
54,758,753 75
60,380,747 33
Checks and other cash items..............
937,168 96
663,831 39
689,483 06
762,341 06
802,852 13
Exchanges for clearing house.............
3,586,935 13
2,339,753 12
3,296,285 01
2,820,506 94
3,321,317 47
Nickels and cents.................................
186,610 83
192,560 03
170,146 17
196,236 92
191,334 20
Specie..................................................
13,747,851 19
13,861,768 00
14,426,042 80
14,622,107 18
14,231,214 39
U. S. and National bank notes........... 14,475,360 50
Redemption fund with U. S. treasurer
526,285 00
(5% of circulation)....................
Due from U. S. treasurer, other than
5% redemption fund.......................
226,457 50
13,692,198 69
17,637,168 15
16,559,091 23
15,611,299 00
509,507 50
497,460 00
503,110 00
500,535 00
100,008 50
159,507 50
222,081 50
152,953 50
Totals......... ................................. $473,323,488 07 $480,066,990 87 $498,603,281 24 $506,223,549 65 $514,475,916 65
Liabilities.
Capital stock paid in....................... ..
Surplus fund........................................
Undivided profits less expenses and
taxes paid.........................................
National bank notes outstanding.......
Due to banks and bankers..................
Dividends unpaid................................
Commercial deposits............................
Savings deposits............................
State monies on deposit......................
United States deposits........................
Bonds borrowed...................................
Reserved for taxes...............................
Notes and bills rediscounted...............
Bills payable........................................
Liabilities other than those above
stated...............................................
$39,201,535 67 $38,940,935 01 $39,509,775 00 $41,390,930 00
19,272,985 24 19,320,297 72 19,898,117 74 20,634,158 37
$41,443,645 00
20,760,958 46
8,392,324 66
8,199,626 04
69
8,836,685 10
9,930,460 00
9,919,687 50
00 10,405,860 00
11 30,934,026 20 31,820,214 49 31,154,691 04
31,752 67
28,033 17
20
22,854 78
64 193,131,546 25 204,589,522 22 208,093,639 63
25 176,144,321 73 180,944,908 85 185,043,084 26
946,198 75
709,899 87
821,784 38
34
977,632 52
969,416 18
36
976,570 56
209,200
00
206,700 00
00
208,700 00
202,350 02
264,342 44
355,791 76
55
229,415
31
25
154,759 26
246,883 63
405,662 28
423,951 92
00
247,000 00
9,624,624 30
9,999,000 00
30,400,642 86
28,677 01
208,931 476,67
190,590,212 51
200,433 20
1,155,747 64
212,200 00
343,745 59
243,117 91
536,435 50
7,250 00
5,000 00
7,661,824
10,591,435
28,090,138
264,702
193,880,262
171,793,371
230,510
938,295
206,200
170,909
460,254
530,600
30,463 77
7,200 00
5,060 45
Totals........................................... $473,323,488 07 $480,066,990 87 $498,603,281 24 $506,223,549 65 $514,475,916 65
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R E PO R T
OF T H E
xcv
COMMISSIONER.
DETROIT.
STATE
BA NK S.
1911.
A b s tr a c ts o f th e 'p u b lish ed r e p o rts o f the S ta te b a n k s a n d T r u s t c o m p a n ie s i n the c ity 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, J a n u a r y 7, M a r c h 7 , J u n e 7,
S e p te m b e r 1 a n d D e c e m b e r 5 , 1 9 1 1 .
Resources.
Report of
Report of
Report of
Report of
Report of
March 7, 11
June 7, 12
Sept. 1, 12
Jan. 7, 11
Dec. 5, 12
state banks, 3
state banks, 3
state banks, 3
state banks, 3
banks, 3
trust companies trust companies. trust companies, trust companies trust companies.
Loans and discounts :
Commercial department.................. $26,014,236 10 $24,714,955 44 $27,269,735 28 531,119,436 48
Savings department........................ 13,370,356 28 13,712,205 46 13,838,387 22 13,896,640 26
Bonds, mortgages and securities:
8,102,657 93
8,470,204 25
Commercial department..................
7,841,846 41
9,085,947 78
Savings department........................ 41,180,174 26 41,902,275 22 44,152,319 03 45,881,805 53
Premium account................................
37,397 41
54,612 98
40,748 41
49,711 85
Overdrafts....................................
11,775 75
18,693 39
12,911 06
11,283 02
Expenses, interest and taxes paid, ex
ceeding earnings.......... .
v___
6,517 51
Banking house................................ \
1,703,702 24
1,711,049 61
2,204,812 12
1,761,057 80
Furniture and fixtures.................... J
Other real estate.................................
633,517 22
623,870 43
587,966 75
779,386 10
Due from other banks and bankers,
not reserve cities..............................
334,574 99
366,015 78
471,897 61
360,056 42
Items in transit...................................
936,874 09
1,057,220 14
826,219 59
899,033 34
U. S. bonds:
Savings department........................
425,000 00
425,000 00
425,000 00
425,000 00
Due from banks in reserve cities:
Commercial department..................
7,948,006 85
6,993,337 22
7,918,701 75
9,350,981 11
Savings department........................
8,281,143 04
7,139,153 59
8,'131,448 00
7,814,156 15
Exchange for clearing houses:
Commercial department..................
1,282,669 13
696,509 08
174,460 69
1,174,453 08
Savings department........................
69,262 33
65,058 16
53,052 54
76,337 77
U. S, and National bank currency:
Commercial department..................
1,032,532 00
1,102,515 00
3,101,843 00
2,083.187 00
Savings department.........................
1,440,321 00
1,749,197 00
1,892,030 00
1,409,337 20
Gold coin;
Commercial department..................
166,200 78
570,608 00
83,436 80
271,560 22
Savings department........................
1,924,149 99
1,961,887 76
2,427,964 00
2,361,954 71
Silver coin:
Commercial department..................
281,374 68
204,300 53
186,586 03
209,442 03
Savings department........................
17,858 53
19,829 05
14,107 10
16,515 45
Nickels and^cents:
Commercial department..................
20,474 55
19,111 83
14,852 07
21,309 63
Savings department......................
5,599 33
4,953 52
4,822 25
5,018 40
Checks and other cash items...............
65,905 37
98,127 15
74,790 86
82,531 30
Totals.
$29,528,598 29
14,543,735 46
9,452,543
47,582,396
53,163
10,265
64
98
83
86
2,035,574 34
767,887 82
345,068 07
1,331,897 18
425,000 00
9,021,231 22
7,727,834 61
1,364,021 16
84,469 32
1,559,815 00
2,029,610 00
192,321 69
2,130,064 80
205,264 79
27,700 90
21,177 38
5,466 56
93,160 91
$114,155,022 83 $114,988,476 52 $122,635,860 83 $128,089,704 97 $130,538,269 81
Liabilities.
Capital stock paid in........................... $6,670,000 00 $6,670,000 00
Surplus fund........................................
5,621,000 00
5,591,000 00
Undivided profits, less losses, current
expenses, interest and taxes paid... 2,321, 211 04
2,434, 483 14
Dividends unpaid...............................
4, 143 00
10, 269 50
Commercial deposits subject to check. 28,893, 734 49 26,683, 130 80
Commercial certificates of deposit. . . .
438, 186 18
370, 545 95
Certified checks...................................
198, 229 55
127, 107 30
Cashier’s checks outstanding...............
144, 296 19
229, 551 20
State.monies on deposit....... ..............
212 , 929 28
30, 547 29
Due to banks and bankers..................
6 , 221 , 013 18
6,803, 496 53
Savings deposits.................................. 60,102, 104 34 61,789, 920 78
Savings certificates of deposit.............
3,343, 108 11
3,899, 276 85
Reserved for taxes, interest, etc.........
142, 891 69
111, 322 96
Notes and bills re-discounted.............
80, 000 00
Bills payable........................................
Totals........................................... $114,155,022 83 $114,988,476 52
L
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$6,885,175 00
6,141,690 00
$8,650,000 00
6,592,275 00
$8,650,000 00
6,715,882 00
2,118, 960
3, 960
31,486, 785
345, 616
200 , 932
245, 803
195, 080
6,991, 144
63,623, 898
4,246, 561
150, 251
2,117, 862
3, 965
34,255, 016
256, 471
139, 034
278, 367
119. 449
6,329, 721
64,674. 299
4,584, 634
606
2,257, 978
3, 982
33,587, 710
465, 083
261, 922
184, 653
37, 466
6,649, 711
66,671, 765
4,890, 653
161, 460
56
00
96
49
99
00
12
86
75
22
88
88
50
78
10
65
26
73
48
38
95
26
23
00
52
56
39
60
87
50
21
83
10
$122,635,860 83 $128,089,704 97 $130,538,269 81
STA TE
XCV1
BAN KING
D EPA R TM EN T.
DETROIT.
N A T IO N A L
BA NK S.
1911.
A b s tr a c ts of the p u b lis h e d r e p o rts o f the N a tio n a l b a n k 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, J a n u a r y 7, M a r c h 7 , J u n e 7 , S e p te m b e r 1 a n d
D ece m b e r 5 , 1 9 1 1 .
Resources.
Report of
Jan. 7, 4
national banks.
Report of
March 7, 3
national banks.
Report of
June 7, 3
national banks.
Report of
Sept. 1, 3
national banks.
Loans and discounts............................ $31,521,138 83 $30,533,820 31 $31,287,004 46 $31,607,579 32
Report of
Dec. 5, 3
national banks.
$31,605,270 33
Overdrafts, secured and unsecured....
25,916 43
36,832 39
17,536 99
20,717 47
14,910 40
U. S. bonds to secure circulation.......
2,449,000 00
2,399,000 00
1,899,000 00
1,899,000 00
1,899,000 00
431,000 00
431,000 00
431,000 00
431,000 00
551,000 00
19,420 00
18,320 00
508,320 00
521,320 00
483,300 00
U. S. bonds to secure U. S. deposits. .
Other bonds to secure TT. Sk deposits
II. S. bonds on hand...........................
4,485 00
775 00
Stocks, securities, etc................ -........
3,978,416 61
3,540,574 81
4,372,714 89
4,473,374 28
4,354,991 96
Banking house, furniture and fixtures.
198,779 77
196,630 32
191,630 32
195,117 32
195,117 32
Due from national banks (not reserve
agents)..............................................
3,285,153 22
4,150,844 82
3,507,899 22
3,949,240 36
3,972,741 81
Due from state banks and bankers... .
1,521,531 59
1,496,161 64
2,039,656 10
1,547,867 44
1,921,996 14
Due from approved reserve agents....
Checks and other cash items..............
Exchanges for clearing house.............
Notes of other national banks............
Fractional paper currency, nickels and
cents................................................
Specie..................................................
Legal tender notes...............................
Redemption fund with l T. S. treasurer
(5% of circulation)..........................
Due from U. S. treasurer, other than
5% redemption fund.......................
3,833,114
70,533
1,321,516
307,327
6,459,617
67,518
743,130
297,573
7,045,748
52,367
660,209
466,753
5,877,889
77,798
686,737
542,513
6,227,321
60,162
902,165
324,281
80
23
72
00
12,219 56
2,515,753 50
1,829,650 00
54
26
34
00
21,626 48
2,621.150 50
1,818,831 00
44
89
25
00
10,678 71
2,694,205 50
2,992,763 00
35
67
85
00
32,849 24
2,625,344 30
3,276,848 00
00
08
96
00
23,515 28
2,599,013 50
2.295,167 00
122,450 00
119,950 00
94,950 00
94,950 00
94,950 00
196,500 00
132,500 00
141,500 00
190,500 00
134,500 00
Totals........................................... $53,039,421 26 $55,085,081 41 $58,413,937 77 $58,055,131 60
$57,660,178 78
Liabilities.
Capital stock paid in........................... $5,150,000 00
1,850,000 00
Surplus fund........................................
Undivided profits less expenses and
783,184 54
taxes paid........................................
National bank notes outstanding.......
2,426,400 00
4,065,291 38
Due to other national banks..............
Due to state banks and bankers......... 10,648,987 93
15,484 35
Dividends unpaid...............................
Individual deposits subject to check.. 27,871,786 61
Demand certificates of deposit,...........
Collier s checks outstanding.............
United States deposits........................
$4,750,000 00
1,750,000 00
$4,750,000 00
1,750,000 00
$4,750,000 00
1,750,000 00
$4,750,000 00
1,750,000 00
850,086
2,308,100
4,783,249
11,749,351
28
28,223,717
910,772
1,828,600
5,100,943
11,751,518
328
31,620,856
945,478
1,797,697
5,160,000
11,627,035
647
31,365,943
1,027,918
1,858,897
5,308,354
10,563,274
644
31,620,000
15
00
80
60
04
27
10
00
90
84
04
18
48
50
60
11
14
68
64
50
58
73
76
07
52
01
02
00
300,822 68
286,410 30
301,478 02
343,123 76
143,082 95
200,000 00
164,865 49
200,000 00
153,845 73
200,000 00
215,823 33
200,000 00
100,000 00
14,637 90
26,642 92
49,642 92
3,005 34
22,141 41
Totals........................................... $53,639,421 26 $55,085,081 41 $58,413,937 77 $58,055,131 60
$57,660,178 78
Deposits of U. S. disbursing officers...
Bonds borrowed..................................
Notes and hills rediscounted .............
Reserved for taxes...............................
Liabilities other than those above
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
348,938
86 724
77,986
200,000
REPORT
OF
TH E
CO M M ISSIO NER.
DETROIT.
S T A T E A N D N A T IO N A L B A N K S .
1911.
A b s tr a c ts o f the 'p u b lish ed r e p o r ts o f the S ta te a n d N a tio n a l b a n k s a n d T r u s t C o m p a n ie s i n
the c ity 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, J a n u a r y 7 ,
M a r c h 7 , J u n e 7 , S e p te m b e r 1 a n d D e c e m b e r 5 , 1 9 1 1 .
Resources.
Report of
Report of
Report of
Report of
Report of
Jan. 7, 11
March 7, 11
June 7,12
Sept. 1,12
Dec. 5, 12
state banks, 4
state banks, 3
state banks, 3
state banks, 3
state banks, 3
national banks, 3 national banks, 3 national banks, 3 national banks, 3 national banks, 3
trust companies. trust companies. trust companies. trust companies. trust companies
Loans and discounts............................ 570,905,731 21
568,900,981
21
$72,395,126 96 $77,449,875 65
$75,677,604 08
Stocks, bonds and mortgages.............
53,628,795 12
53,284,696 44
56,627,691 85
59,441,127 59
Overdrafts..........................................
37,692 18
55,525 78
30,448 05
32,000 49
25,176 26
U. S. bonds to secure circulation.......
2,449,000 00
2,399,000 00
1,899,000 00
1,899,000 00
1,899,000 00
U. S. bonds to secure U. S. deposits..
431,000 00
431,000 00
431,000 00
431,000 00
551,000 00
U. S.bonds on hand............................
444,420 00
443,320 00
933,320 00
946,320 00
908,300 00
Premiums paid....................................
37,397 41
40,748 41
49,711 85
59,097 98
01
1,907,679 93
1,952,688 21
2,399,929 44
633,517 22
623,876 43
587,966 75
779,386 10
61,389,932 58
Other bonds to secure U. S. deposits..
Banking house, furniture and fixtures.
Other real estate.................................
1,902,482
53,938 83
2,230,691
66
767,887 82
Due from other banks and bankers...
6,229,920 73
6,918,455 54
6,019,452 93
5,857,164 22
6,239,806 02
Due from banks in reserve cities........
17,965,605 61
22,688,767 43
24,528,177 55
21,610,747 25
24,308,284 01
Checks and other cash items...............
168,660 38
133,423 63
133,676 25
160,329 97
153,322 99
Exchanges for clearing house.............
2,669,244 01
1,508,901 75
1,786,775 97
1,937,528 70
2,350,656 44
Nickels and cents.................................
38,293 44
45,691 83
30,353 03
59,177 27
Specie..................................................
4,945,045 77
5,338,073 55
5,406,279 20
5,484,816 71
5,154,365
U. S. and national bank notes.......
Redemption fund with U. S. treasurer
(5% of circulation)..........................
Due from U. S. treasurer, other thaD.
5% redemption fund.......................
4,988,689 00
5,040,966 00
8,001,680
7,311,885 20
6,208,873 00
122,450 00
119,950 00
94,950 00
94,950 00
94,950 00
196,500 00
132,500 00
141,500 00
190,500 00
134,500 00
00
50,159 22
68
$167,794,444 09 $170,073,557 93 $181,049,798 60 $186,144,836 57 $188,198,448 59
Totals.
Liabilities.
Capital stock paid in.....................
Surplus fund..................................
Undivided profits less expenses and
taxes paid...................................
National bank notes outstanding..
Due to banks and bankers............
Dividends unpaid..........................
Commercial deposits......................
Savings deposits.............................
State moneys on deposit...............
United States deposits...................
Bonds borrowed.............................
Reserved for taxes.........................
Notes and bills rediscounted.........
Bills payable..................................
Liabilities other than those above
stated..........................................
820,000 00 $11,420,000 00 $11,635,175 00 $13,400,000 00
7,371,000 00
441.000 00
7,891,690 00
8,342,275 00
104,395
,426,400
935,292
25,753
,546,233
445,212
117,271
426,924
58
00
49
85
02
45
30
54
200.000 00
125,960
86
3,284, 569 29
3,029, 732 66
2,308, 100 00 1,828, 600 00
23,336, 097 93 23,843, 607 60
4, 171 04
4, 288 04
55,634, 052 52 63,899, 994 62
65,689, 197 63 67,870, 459 97
212, 929 28
195, 080 12
443, 905 63
451, 275 79
200 ,
000 00
169, 534 61
200 ,
000 00
199, 894 80
3,063,341
1,797,697
23,116,757
4,612
66,294,833
69,258,934
119,449
455,323
36
50
19
64
47
33
73
75
$13,400,000 00
8,465,882 00
3.285.896
1.858.897
22,521,340
4,626
66,119,370
71,562,419
37,466
558,947
87
50
81
76
14
04
87
09
200,000 00
200,000 00
91,611 60
183,601 51
100,000 00
80,000
00
$167,794,444 09 $170,073,557 93 $181,049,798 60 $186,144,836 57 $188,198,448 59
Totals.
M
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
xcviii
STATE
B A N K IN G
DEPARTM ENT.
GRAND RAPIDS.
ST 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 five 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 G r a n d
R a p id s , a s m a d e to th e C o m m is s io n e r of th e B a n k in g D e p a r tm e n t, D ec e m b e r 5 , 1 9 1 1 .
Resources.
Report of
5 state
banks.
Report of
3 national
banks.
Total.
Loans and discounts..............................................................................•
*7,197,109 70
$12,584,941 25
Stocks, bonds and mortgages..................................................................
6,883,870 51
1,654,925 37
Overdrafts................................................................................................
15,406 41
8,521 43
23,927 84
2 , 0 0 0 ,0 0 0 00
2 , 0 0 0 ,0 0 0 00
152,000 00
152,000 00
106,500
177,000 00
TJ P! bonds fn SPenre eirculatiori ..........................................................
pr P bend«? to secure TT. S', deposits
..................................................
*19,782,050 95
8,538,795
88
U. S. bonds on hand................................................................................
70,500 00
Premiums paid.........................................................................................
3,400 00
J3.000 00
16,400 00
Banking house, furniture and fixtures....................................................
176,000 00
583,234 42
759,234 42
Other real estate......................................................................................
19,659 37
00
54,325 17
73,984 54
1,015,788 76
1,015,788 76
Due from banks in reserve cities.............................................................
1,901,657 47
1,386,446 58
3,288,104 05
Checks and other cash items...................................................................
53,924 56
10,419 91
64,344 47
Exchanges for clearing house..................................................................
167,736 -51
149,166 20
316,902 71
Nickels and cents.....................................................................................
7,839 55
3,627 21
10,466 76
Specie......................................................................................................
292,085 80
677,353 11
969,438 91
LT. S. and National bank notes...............................................................
669,966 00
371,732 00
1,041,698 00
Redemption fund with U. S. treasurer (5% of circulation)..................
1 0 0 ,0 0 0 00
1 0 0 ,0 0 0 00
Due from U. S. treasurer, other than 5 % redemption fund.................
3,500 00
3,500 00
$20,875,481 41
$38,334,637 29
Totals................................................................................................
$17,459,155
88
Liabilities.
Capital stock paid in................................................................................
$1 , 2 0 0 ,0 0 0
00
00
$3,300,000 00
Surplus fund.............................................................................................
465,000 00
900,000 00
1,365,000 00
Undivided profits less expenses and taxes paid.....................................
201,454 59
487,041 29
$2 , 1 0 0 ,0 0 0
688,495
88
1,999,997 50
1,999,997 50
3,713,068 23
Due to banks and bankers......................................................................
580,370 00
3,132,698 23
Dividends unpaid.....................................................................................
706 34
360 00
1,066 34
Commercial deposits................................................................................
3,401,154 09
12,075,158 75
15,476,312 84
11,551,614 02
State moneys on deposit.,.......................................................
13,396 77
UnitedF'tftt-P-8 deposits ............................................
Postal pavingsdeposit..............................................
Reserved for interest...............................................................................
Rillspayable .........................................................................................
Liabilitiesotherthanthoseabovestated ..........................
Totals................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
15,460 07
30,000 00
$17,459,155
88
11,551,614 02
11,725 64
25,122 41
115,581 13
115,581 13
36,418 87
36,418 87
16,500
31,960 07
30,000 00
00
$20,875,481 41 | $38,334,637 29
REPORT
OF
TH E
CO M M ISSIO NER.
XC1X
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 tw o 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 i
n a w , a s m a d e to th e C o m m is s io n e r of th e B a n k in g D e p a r tm e n t, D ec e m b e r 5 , 1 9 1 1 .
Resources.
Report of
2 state
banks.
$4,615,43,0
Report of
national
banks.
Total.
2
66
$4,647,015 24
$9,262,454 90
Stocks, bonds and mortgages..............................................
3,738,640 84
492,861 78
4,231,502 62
Overdrafts............................................................................
21,365 83
1,814 35
Loans and discounts...........................................................
600,000
U. S. bonds to secure circulation........................................
00
23,180 18
600,000
00
U. S. bonds to secure U. S. deposits...................................
76.000 00
76.000 00
Other bonds to secure postal savings.................................
29.000 00
29.000 00
U. S. bonds on hand...........................................................
6,400 00
6,400 00
Premiums paid....................................................................
2,013 67
900 00
2,913 67
Banking house, furniture and fixtures...............................
195,876 19
83.000 00
278,876 19
Other real estate..................................................................
340 31
32,348 11
32,088 42
Due from other banks and bankers....................................
68,528 05
124,058 64
192,586 69
600,421 06
3,116,891 54
Items in transit................................................ „ ..............
85,332 25
Due from banks in reserve cities........................................
2,516,470 48
Checks and other cash items..............................................
20,479 34
4,038 72
24,518 06
Exchanges for clearing house..............................................
31,451 06
23,667 51
55,118 57
Nickels and cents.................................................................
2,499 98
552 74
3,052 72
Specie........................................ .......................................
204,281 25
225,939 65
430,220 90
U. S. and National bank notes...........................................
305,807 00
128,071 00
433,878 00
30,000 00
30.000 00
$7,106,088 80
$18,914,614 71
$600,000
Redemption fund with U. S. treasurer (5% of circulation)
85,332 25
Due from U. S. treasurer, other than 5% redemption fund.
Totals.
$11,808,525 91
Liabilities.
Capital stock paid in.........................................
$550,000 00
00
$1,150,000 00
Surplus fund..... ................................................
590,000 00
450,000 00
1,040,000 00
Undivided profits less expenses and taxes paid
297,867 14
115,385 51
413,252 65
587,300 00
587,300 00
1,005,570 90
1,443,964 10
4,224,540 89
7,870,607 40
National bank notes outstanding....................
Due to banks and bankers...............................
438,393 20
Dividends unpaid..............................................
40 00
Commercial deposits.........................................
3,646,066 51
Savings deposits................................................
6,216,159 06
40 00
6,216,159 06
State moneys on deposit.
United States deposits.............................
Postal savings..........................................
Reserved for interest...............................
Notes and bills rediscounted...................
Bills payable............................................
Liabilities other than those above stated.
Totals.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
76.000 00
2,033 50
70,000 00
20.000 00
25,258 00
$11,808,525 91
$7,106,088 80
76.000
2,033
90.000
25.258
00
50
00
00
$18,914,614 71
c
STA TE
B A N K IN G
DEPARTM ENT.
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 tw o N a tio n a l b a n k s i n th e c ity of 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 th e B a n k in g D e p a r tm e n t, D ece m b e r 5 , 1 9 1 1 .
Resources.
Report of
2 state
banks.
Report of
national
banks.
Total.
2
Loans and discounts................................................................................
$1,127,009 59
$5,137,080 11
$6,264,689 70
Stocks, bonds and mortgages..................................................................
1,486,021 82
860,913 60
2,347,535 42
Overdrafts................................................................................................
2,610 61
2,030 75
4,641 36
U. S. bonds to secure circulation.............................................................
350,000 00
350,000 00
U. S. bonds to secure U. S. deposits.......................................................
1 ,0 0 0 00
1 ,0 0 0 0 0
Other bonds to secure U. S. deposits......................................................
U. S. bonds on hand................................................................................
Premiums paid.......................................................................................
Banking house, furniture and fixtures....................................................
41,825 00
24,785 25
66,610 25
Other real estate......................................................................................
54,383 49
5,582 95
59,966 44
28,406 41
28,406 41
Due from other banks and bankers.........................................................
Items in transit.......................................................................................
Due from banks in reserve cities.............................................................
287 96
67,862 78
68,150 74
1,561,942 77
536,673
66
1,025,269 11
Checks and other cash items...................................................................
370
88
7,381 33
Exchanges for clearing house..................................................................
7,979 53
7,752 21
7,979 53
Nickels and cents.....................................................................................
1,758 46
1,272 61
3,031 07
Specie........................................................................................................
64,578 35
202,983 75
267,562 10
U. S. and National bank notes...............................................................
112,250 00
28,840 00
141,090 00
17,500 00
17,500 00
$11,197,858 00
Redemption fund with U. S. treasurer (5% of circulation)..................
Due from U. S. treasurer, other than 5% redemption fund..................
Totals................................................................................................
$3,436,949 35
$7,760,908 65
Liabilities.
Capital stock paid in................................................................................
$150,000 00
$350,000 00
$500,000 00
Surplus fund.............................................................................................
65,000 00
150,000 00
215,000 00
Undivided profits less expenses and taxes paid.....................................
44,617 31
57,734 15
102,351 46
347,800 00
347 30000
•
National bank notes outstanding............................................................
9,852 48
30,279 20
Commercial deposits................................................................................
670,049 45
6,824,095 30
Savingsdeposits...................................................
2,497,430 11
Due to banks and bankers.......................................................................
40,131
68
Dividends unpaid.....................................................................................
7,494,144 75
2,497,430 11
State moneys on deposit..........................................................................
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
$3,436,949 35
1 ,0 0 0 00
1 ,0 0 0 0 0
$7,760,908 65
$11,197,858 00
REPORT
OF
THE
ci
CO M M ISSIO NER.
KALAMAZOO.
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 th e 'p u b lish ed r e p o r ts o f th e tw o S ta te a n d th ree N a tio n a l b a n k s i n the c ity of K a l
a m a zo 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, D ece m b e r 5 , 1 9 1 1 .
Resources.
Report of
2 state
banks.
Report of
3 national
banks.
Total.
Loans and discounts................................. .........................
S3,092,002 39
$3,402,927 28
$6,495,529 67
Stocks, bonds and mortgages..............................................
847,059 03
316,464 21
1,163,523 24
Overdrafts............................................................................
17,031 85
26,276 76
43,308 61
XL S. bonds to secure circulation........................................
245,000 00
245,000
00
U. S. bonds to secure U. S. deposits.................. „............
36,000 00
36,000
00
Other bonds to secure U. S. deposits.................................
6,000 00
6 ,0 0 0 00
U. S. bonds on hand...........................................................
2,700 00
2,700
00
Premiums paid............... ; ...................................................
4,755 00
4,755
00
Banking house, furniture and fixtures...............................
179,409 92
210,500 00
Other real estate........................... ......................................
2,854 37
63,618 50
Due from other banks and bankers....................................
389,909 92
66,472 87
158,309 66
158,309
590,173 67
909,638 06
66
Due from banks in reserve cities.........................................
319,464 39
Checks and other cash items..............................................
40,100 12
14,240 82
54,340 94
Exchanges for clearing house..............................................
60,919 56
45,188 21
106,107 77
1,151 87
5,137 87
6,289 74
Specie................................. ..................................................
113,921 00
102,021 25
215,942 25
U. S. and National bank notes............. -............................
101,923 00
226,908 00
328,831
00
12,250 00
12,250
00
Nickels and cents............................................................
Redemption fund with U. S. treasurer (5% of circulation)
Due from U. S. treasurer, other than 5% redemption fund
$4,776,437 50
$5,468,471 23
$10,244,908 73
Liabilities.
Capital stock paid in.................. .............. .......
$300,000 00
$400,000 00
$700,000 00
Surplus fund.......................................... ...........
195,000 00
270,000 00
465,000 00
Undivided profits less expenses and taxes paid
63,003 05
101,463 05
164,466 10
244,997 50
244,997 50
578,621 42
Totals...............................................................
National bank notes outstanding.....................
Due to banks and bankers................................
462,323 70
116,297 72
Dividends unpaid..............................................
5,012 50
4,844 00
9,856 50
Commercial deposits.........................................
1,997,628 06
4,301,996 26
6,299,624 32
Savings deposits................................................
1,726,596 37
State moneys on deposit...................................
5,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
2,872 70
Postal savings deposits.
Totals.
5,000 00
26,000
United States deposits.
Reserved for taxes................................ .
Notes and bills rediscounted...................
Bills payable............................................
Liabilities other than those above stated.
1,726,596 37
00
2,872 70
21,873 82
21,873 82
$4,776,437 50
26,000
3,471 23
$10,244,908 73
cii
STATE
B A N K IN G
DEPARTM ENT.
BAY CITY.
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 th e p u b lis h e d r e p o r ts of th e five 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 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 the B a n k in g D e p a r tm e n t, D ec e m b e r 5 , 1 9 1 1 .
Resources.
Report of
5 state
banks.
Report of
national
banks.
Total.
2
Loans and discounts................................................................................
$3,290,840 24
$1,403,826 94
$4,694,667 18
Stocks, bonds and mortgages..................................................................
2,472,531 52
495,853 25
2,968,384 77
Overdrafts................................................................................................
4,447 52
U. S. bonds to secure circulation............................................................
28
4,458 80
150,000 00
150,000 00
11
U. S. bonds to secure U. S. deposits.......................................................
Other bonds to secure U. S. deposits......................................................
60,000
00
60,000
00
U. S. bonds on hand................................................................................
Premiums paid.........................................................................................
14,800 89
Banking house, furniture and fixtures....................................................
47,009 80
Other real estate......................................................................................
50,203 11
Due from other banks and bankers.........................................................
14 SCO 89
2 0 ,0 0 0 00
67,609 80
5,392 58
54,240 75
59,633 33
Due from banks in reserve cities.............................................................
893,499 97
119,857 32
1,013,357 29
Checks and other cash items...................................................................
7,091 91
1,194 35
8,286 26
Exchanges for clearing house..................................................................
33,224 89
14,581 83
47,806 72
50 903 11
Nickels and cents.....................................................................................
2,890 75
816 87
3,713 62
Specie.......................................................................................................
129,467 70
70,187 00
199,654 70
U. S. and National bank notes...............................................................
353,524 00
86,577 00
440,101 00
Redemption fund with U. S. treasurer (5% of circulation)..................
7,500
00
Due from U. S. treasurer, other than 5% redemption fund..................
1,600
00
Totals................................................................................................
$7,305,590
88
Liabilities.
Capital stock paid in................................................................................
$400,000 00
Surplus fund.............................................................................................
335,000 00
Undivided profits less expenses and taxes paid.....................................
111,759 87
National bank notes outstanding...........................................................
$2,486,240 59
$2 0 0 ,0 0 0
00
165,000 00
65,278 99
148,200 00
7 500 00
1,600
00
$9,791,837 47
$600,000
00
500,000 00
177,038
148
86
200 00
Due to banks and bankers......................................................................
155,304 70
55,035 38
Dividends unpaid.....................................................................................
30 00
106 25
136 25
1,794,218 96
3,814,386 82
Commercial deposits................................................................................
2,020,167
Savings deposits.......................................................................................
4,203,328 45
86
210,340 08
4,263,328 45
State moneys on deposit..........................................................................
United States deposits.............................................................................
52,407 01
52,407 01
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
6 ,0 0 0 00
2 0 ,0 0 0 00
$7,305,590
88
6 ,0 0 0 00
2 0 ,0 0 0 00
$2,486,246 59
$9,791,837 47
REPORT
OF
TH E
CO M M ISSIO NER.
ciii
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 th e '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 i n the c ity o f J a c k so 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, D ece m b e r 5 , 1 9 1 1 .
Resources.
Report of
4 state
banks.
Report of
national
bank.
Total.
1
Loans and discounts ...............................................................................................
$3,205,106 81
$1,205,326 50
$4,410,433 31
Stocks, bonds and mortgages..................................................................
1,951,838 48
280,921 25
2,232,759 73
Overdrafts...............................................................................................
26,418
1 0 0 ,0 0 0 00
1 0 0 ,0 0 0 00
26,418
22
U. S. bonds to secure circulation............................................................
22
TT S bonds to secure II. S. deposits......................................................
Other bonds to secure 1!. S. deposits. . .
0
p bonds on band
Premiums paid.........................................................................................
Banking house, furniture and fixtures...................................................
Other real estate......................................................................................
196,000 00
11,760
00
343 75
343 75
8,482 33
204,482 33
11,529 78
23,289 78
3,962 04
3,962 04
769,401 72
118,821 17
888,222 89
Checks and other cash items ...............................................................................
6,051 08
2,321 83
8,372 91
Exchanges for clearing house...............................................................................
55,523 38
8,806 24
64,329 62
Due from other banks and bankers.........................................................
Due from banks in reserve cities.............................................................
Nickels and cents .....................................................................................................
1,755 35
998 90
2,754 25
Specie...........................................................................................................................
114,201 60
62,372 05
176,573 65
U. S. and National bank notes...............................................................
157,893 00
81,568
00
239,461 00
5,000 00
5,000 00
$6,495,949 64
$1,890,453 84
$8,386,403 48
$600,000
$1 0 0 ,0 0 0
Redemption fund with U. S. treasurer (5% of circulation)......................
P up from TT. S- treasurer, other than 5% redemption fund
..............
Totals ............................ , v ................................................................................
Liabilities.
Capital stock paid in ..............................................................................................
00
$700,000 00
Surplus fund ..............................................................................................................
315,000 00
90,000 00
405,000 00
Undivided profits less expenses and taxes paid.....................................
267,005 41
15,327 19
282,332 60
1 0 0 ,0 0 0 00
100 000 00
00
National bank notes outstanding...........................................................
Due to banks and bankers......................................................................
63,262 38
Dividends unpaid.....................................................................................
60
63,262 38
60
00
00
Commercial deposits................................................................................
2,263,549 02
Savings deposits.......................................................................................
2,984,432 52
2,984,432 52
Reserved for interest...............................................................................
Notes and bills rediscounted...................................................................
Bills passable.............................................................................................
Liabilities other than those above stated...............................................
2,640 31
2,640 31
Totals................................................................................................
$6,495,949 64
1,585,126 65
3,848,675 67
State moneys on deposit..........................................................................
United States deposits.............................................................................
Bonds borrowed.......................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,890,453 84
$8,386,403 48
STATE
CIV
B A N K IN G
DEPARTM ENT.
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 of th e p u b lis h e d r e p o r ts o f th e fo u r S ta te b a n k s a n d one N a t i o n a l b a n k i n the c ity o f
A n n A r b o r , a s m a d e to th e 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, D ece m b e r 5 , 1 9 1 1 .
Resources.
Report of
4 state
banks.
Loans and discounts................................................................................
$1,667,669 96
$506,001 30
$2,173,671 26
Stocks, bonds and mortgages.......................................... .......................
3,032,236 47
131,986 60
3,164,223 07
Overdrafts............................................................. ...................................
1,885 85
3,775 56
5,661 41
1 0 0 ,0 0 0 00
1 0 0 ,0 0 0 00
Report of
national
bank.
Total.
1
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................................................................................
32,000 00
Premiums paid.........................................................................................
2,071 65
Banking house, furniture and fixtures....................................................
116,876 59
Other real estate......................................................................................
22,366 54
Due from other banks and bankers.........................................................
Due from banks in reserve cities.............................................................
Checks and other cash items...................................................................
Exchanges for clearing house..................................................................
542,447 78
351 90
17,680
68
32,000 00
00
3,571 65
1 2 ,2 0 0 0 0
129,076 59
1,500
16,000
00
38,366 54
5,149 38
5,149 38
63,260 47
605,708 25
165 50
517 40
3,384 47
21,065 15
Nickels and cents.....................................................................................
2,533 14
347 05
Specie.......................................................................................................
162,514 93
25,915 95
188,430
U. S. and National bank notes...............................................................
192,459 00
55,951 00
248,410 00
5,000 00
5,000 00
$930,637 28
$6,723,731 77
Redemption fund with U. S. treasurer (5% of circulation)...................
2,880 19
88
Due from U. S. treasurer, other than 5% redemption fund..................
Totals................................................................................................
$5,793,094 49
Liabilities.
Capital stock paid in................................................................................
$450,000 00
00
$550,000 00
Surplus fund.............................................................................................
185,000 00
50,000 00
235,000 00
Undivided profits less expenses and taxes paid.....................................
126,316 78
28,830 70
155,147 48
1 0 0 ,0 0 0 00
1 0 0 ,0 0 0 00
National bank notes outstanding............................................................
Due to banks and bankers.......................................................................
114,107 62
Dividends unpaid ..................................................................................
527 00
Commercial deposits................................................................................
100,018 17
Ravings deposits.......................................................................................
3,917,124 92
$1 0 0 ,0 0 0
114,107 62
527 00
651,806 58
1,651,824 75
3,917,124 92
State moneys on deposit ......................................................................
United States deposits.............................................................................
Bonds borrowed.......................................................................................
Reserved for ta x e s ..................................................................................
Notes and hills rediscounted .................................................................
Bills payable...........................................................................................
Liabilities other than those above stated ..............................................
Totals................................................... ............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,793,094 49
$930,637 28
$6,723,731 77
REPORT
OF
THE
cv
CO M M ISSIO NER.
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 of the p u b lis h e d r e p o r ts o f the tw o S ta te b a n k s a n d on e N a tio n a l b a n k i n the 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, D ece m b e r 5 , 1 9 1 1 .
Resources.
Report of
2 state
banks.
Report of
national
bank.
Total.
1
Loans and discounts................................................................................
$1,791,041 13
$2,332,791 00
$4,123,832 13
Stocks, bonds and mortgages..................................................................
327,391 02
298,427 39
625,818 41
Overdrafts................................................................................................
572 61
2,959 41
3,532 02
2 0 0 ,0 0 0 00
2 0 0 ,0 0 0 00
U. S. bonds to secure Lb S. deposits.......................................................
1 ,0 0 0 00
1 ,0 0 0 00
Other bonds to secure U. S. deposits......................................................
1 0 ,0 0 0 00
1 0 ,0 0 0 00
4.000 00
14.000 00
U. S. bonds to secure circulation.............................................................
U. S. bonds on hand................................................................................
1 0 ,0 0 0 00
Premiums paid.........................................................................................
1,367 00
1 .0 0 0 00
2,367 00
Banking house, furniture and fixtures....................................................
64,733 71
52,194 38
116,928 09
Other real estate......................................................................................
2 0 ,0 0 0 00
Due from other banks and bankers........................................................
1,162 95
Due from banks in reserve cities.............................................................
Checks and other cash items...................................................................
2 0 .0 0 0 00
68
18,928 63
777,579 32
106,057 05
883,636 37
|10,937 49
4,165 09
15,102 58
17,765
Exchanges for clearing house..................................................................
Nickels and cents.....................................................................................
741
68
1,119 75
1,861 43
Specie........................................................................................................
75,589 90
251,795 85
327,3§5 75
Lb S. and National bank notes...............................................................
199,584 CO
145,555 00
345,139 00
1 0 ,0 0 0 00
1 0 ,0 0 0 00
$3,438,830 60
$6,719,531 41
Redemption fund with U. S. treasurer (5% of circulation)...................
Due from U. S. treasurer, other than 5% redemption fund..................
Totals
Liabilities.
Capital stock paid in................................................................................
$3,280,700 81
00
$450,000 00
Surplus fund.............................................................................................
180,000
00
300,000 00
480,000 00
Undivided profits less expenses and taxes paid.....................................
114,493 93
9,629 03
124,122 96
121,250 00
121,250 00
4,302 07
10,243 16
2,801,757 05
5,315,800 30
$250,000 00
National bank notes outstanding...........................................................
Due to banks and bankers......................................................................
5,941 09
Dividends unpaid.....................................................................................
20 00
Commercial deposits................................................................................
2,514,043 25
Savings deposits.......................................................................................
216,202 54
$2 0 0 ,0 0 0
20 00
216,202 54
State moneys on deposit..........................................................................
United States deposits.............................................................................
1,892 45
1,892 45
$3,438,830 60
$6,719,531 41
Bonds borrowed.......................................................................................
Reserved for taxes...................................................................................
Notes and bills rediscounted...................................................................
Bills payable.............................................................................................
Liabilities other than those above stated..............................................
T o tals......................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,280,700 81
CV1
STATE
B A N K IN G
DEPARTM ENT.
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 lis h e d r e p o r ts o f th e fo u r S ta te b a n k s a n d on e N a tio n a l b a n k i n th e c ity o f
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 o f th e B a n k in g D e p a r tm e n t, D ece m b e r 5 , 1 9 1 1 .
Resources.
Report of
4 state
banks.
Report of
national
bank.
Total.
1
Loans and discounts.............................................................
$2,474,154 93
,082,053 21
13,556,208 14
Stocks, bonds and mortgages................................................
1,064,735 00
231,977 50
1,296,712 50
Overdrafts......................................................... ...................
3,915 98
185 98
4,101 96
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
Other bonds to secure postal savings deposits....................
14.000 00
14.000 00
U. S. bonds on hand.............................................................
Premiums paid.............................................. .......................
Banking house, furniture and fixtures.................................
114,002 37
Other real estate....................................................................
110 00
Due other from banks and bankers......................................
60,000
00
174,002 37
1,885 36
40,926 56
42,811 92
274,514 27
624,097 53
Due from banks in reserve cities..........................................
349,583 26
Checks and other cash items................................................
2,973 49
Exchanges for clearing house................................................
67,760 44
110 00
2,973 49
14,645
66
82,406 10
Nickels and cents..................................................................
1,985 27
357 98
2,343 25
Specie.....................................................................................
84,027 15
40,242 75
124,-269 90
TJ. S. and National bank notes.............................................
114,717 00
81,942 00
196,659 00
7,500 00
7,500 00
$4,279,850 25
2,038,345 91
,318,196 16
Liabilities.
Capital stock paid in..........................................
$400,000 00
$150,000 00
$550,000 00
Surplus fund........................................................
220,750 00
75,000 00
295,750 00
Undivided profits less expenses and taxes paid.
49,799 21
37,954 49
87,753 70
149,995 00
149,995 00
150,914 92
430,504 44
1,432,645 40
2,737,325 72
Redemption fund with U. S. treasurer (5% of circulation).
Due from U. S. treasurer, other than 5% redemption fund.
Totals.
National bank notes outstanding......................
Due to banks and bankers.................................
279,589 52
Dividends unpaid................................................
196
196 00
00
Commercial deposits...........................................
1,304,680 32
Savings deposits..................................................
1,948,251 99
State moneys on deposit.....................................
21,583 21
United States deposits........................................
1,948,251 99
21,583 21
41,836 10
41,836 10
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
55,000 00
$4,279,850 25
55,000 00
,038,345 91
,318,196 16
R EPO R T
OF T H E
COMMISSIONER.
evil
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 the tw o S ta te a n d tw o N a tio n a l b a n k s i n th e c ity of L a n s in g ,
a s m a d e to th e 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, D ece m b e r 5 , 1 9 1 1 .
Resources.
Report of
2 state
banks.
Report of
national
banks.
Total.
2
Loans and discounts................................................................................
$848,899 70
$1,748,138 50
$2,597,038 20
Stocks, bonds and mortgages..................................................................
517,988 35
621,270 34
1,139,258 69
Overdrafts................................................................................................
1,175 91
558 09
1,734 00
2 0 0 ,0 0 0 00
200 000 00
U. S. bonds to secure circulation............................................................
U. S. bonds to secure U. S. deposits.......................................................
2 ,0 0 0 00
Other bonds to secure U. S. deposits......................................................
26,000
00
2 000 00
26,000
00
U. S. bonds on hand................................................................................
Premiums paid.....................................................................................
Banking house, furniture and fixtures....................................................
40000
490 00
53,777 57
78,000 00
131,777 57
124,452 20
124 4.1220
Other real estate......................................................................................
Due from other banks and bankers.........................................................
Items in transit.......................................................................................
4,541 93
3,034 25
7,576 18
Due from banks in reserve cities.............................................................
235,408 95
428,646 17
664,055 12
38,582 17
50,929 42
Checks and other cash items...................................................................
2,421 16
Exchanges for clearing house..................................................................
12,347 25
2,421 10
Nickels and cents.....................................................................................
827 84
3,431 20
4,259 04
Specie.......................................................................................................
%
U. S. and National bank notes...............................................................
39,722 85
79,641 80
119,364 65
88,075 75
134,579 00
222,654 75
Redemption fund with U. S. treasurer (5% of circulation)..................
9,100 00
0 100 00
Due from U. S. treasurer, other than 5% redemption fund..................
9,500 00
9,500 00
$3,506,933 72
$5,312,610 98
Totals................................................................................................
$1,805,677 26
Liabilities.
Capital stock paid in................................................................................
$250,000 00
$2 0 0 ,0 0 0
00
$450,000 00
Surplus fund.............................................................................................
70,000 00
160,000
00
230,000 00
Undivided profits less expenses and taxes paid.....................................
35,043 54
118,180 85
153,224 39
199 075 00
10007000
16,029 63
204,435 35
220,464 98
Commercial deposits................................................................................
614,744 16
1,845,195 26
2,459,939 42
Savings deposits.......................................................................................
808,873 58
757,538 89
1,566 412 47
State moneys on deposit..........................................................................
10,986 35
20,358 37
31,344 72
2 ,0 0 0 00
2 ,0 0 0 00
$3,506,933 72
$5,312,610 98
National bank notes outstanding...........................................................
Due to banks and bankers.......................................................................
Dividends unpaid.....................................................................................
150 00
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
$1,805,677 26
15000
cviii
STA TE
BAN KING
D EPA R TM EN T.
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 lis h e d r e p o r ts o f th e f o u r S ta te b a n k s and. on e N a tio n a l b a n k i n th e c i t y o f
A d r ia n , a s m a d e to th e 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, D ec e m b e r 5 , 1 9 1 1 .
Resources.
Report of
4 state
banks.
Report of
national
bank.
botai.
1
Loans and discounts............................
SI,048,192 18
8413,420 38
$1,461,612 56
Stocks, bonds and mortgages..............
2,384,981 85
27,755 64
2,412,737 49
Overdrafts............................................
959 34
614 61
1,573 95
100,000 00
100,000 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............................
Premiums paid......................................
610
11
1,140 37
1,750 48
Banking house, furniture and fixtures.
95,000 00
65,071 87
160,071 87
17,655 41
17,655 41
415,110 70
20,489 43
435,600 13
Other real estate..................................
Due from other banks and bankers....
Due from banks in reserve cities.........
Checks and other cash items...............
1,367 54
278 42
1,645 96
Exchanges for clearing house..............
4,933 49
2,631 26
7,564 75
1,389 27
330 32
1,719 59
Specie.....................................................................................
45,796 45
14,410 40
60,206 85
U. S. and National bank notes.............................................
159,957 00
Nickels and cents.................................
3,800 00
163,757 00
5,000 00
5,000 00
$4,158,297 93
$672,598 11
$4,830,896 04
Liabilities.
Capital stock paid in...........................................
$405,000 00
$ 100,000 00
$505,000 00
Surplus fund........................................................
97,000 00
20,000 00
117,000 00
Undivided profits less expenses and taxes paid.
46,780 49
4,611 61
51,392 10
Redemption fund with U. S. treasurer (5% of circulation) .
Due from TJ. S. treasurer, other than 5% redemption fund.
Totals.
National bank notes outstanding......................
Due to banks and bankers.................................
339 62
98,300 00
98,300 00
80,826 06
81,165
21
Dividends unpaid................................................
68
21
Commercial deposits...........................................
431,682 54
Savings deposits..................................................
3,174,995 28
3,174,995 28
State moneys on deposit.....................................
2,500
2,500
368,154 53
00
799,837 07
00
United States deposits........................................
Postal savings deposits.......................................
705 70
705 70
$672,598 11
$4,830,896 04
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
$4,158,297 93
R E PO R T
OF T H E
cix
COMMISSIONER.
MUSKEGON.
ST 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 th e p u b lis h e d r e p o r ts of th e o n 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 of M u s
k eg o n , a s m a d e to th e 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, D ec e m b e r 5 , 1 9 1 1 .
Report of
3 national
banks.
Report of
1 state
bank.
Resources.
Total.
Loans and discounts..............................................................................
$352,682 98
$1,907,906 52
$2,260,589 50
Stocks, bonds and mortgages..................................................................
432,446 63
892,830 79
1,325,277 42
Overdrafts.............................................. .................................................
257 47
6,280 65
6,538 12
234,000 00
234,000 00
XJ p X'nnHp to pppiitp rirrnlatinn
........................................................
XJ ^ linRflg fo sppiipp TT p Hppoaits
.............................................................
1 ,0 0 0 00
1 ,0 0 0 00
.................................
7,000 80
7,000 00
bnnHs f.n pppurp TT p Hpposifs
Premiums paid.........................................................................................
3,695 00
800
00
4,495 00
Banking houses, furniture and fixtures......... .......................................
48,531 30
82,147 34
130,678 64
Due from other banks and bankers.........................................................
23 00
28,937 03
28,960 03
Due from banks in reserve cities.............................................................
71,506 04
340,671 97
412,178 01
68 10
32,589 96
32,658 06
Checks and other cash items...................................................................
2,182 19
2,182 19
Nickels and cents.................. , ................................................................
260 50
2,677 00
2,937 50
Specie.......................................................................................................
13,682 30
148,513 10
162,195 40
U. S. and National bank notes............. ......................... *......................
36,379 00
160,857 50
197,236 50
11,700 00
Redemption fund with U. S. treasurer (5% of circulation)...................
Totals................................................................................................
$961,714 51
$3,857,911
11,700
00
86
$4,819,626 37
Liabilities.
00
$300,000 00
$400,000 00
Surplus fund..................................... ......... . . ........................................
25,000 00
125,000 00
150,000 00
Undivided profits less expenses and taxes paid.....................................
18,582 35
59,765 85
78 348,20
.......................................
232,197 50
232,197 50
......................................................
4,245 72
4,245 72
Capital stock paid in...............................................................................
National X'afk nnt.P13 niit^tanHiri^
P up to
ar»H Eanlcprs
$1 0 0 ,0 0 0
28
Commercial deposits................................................................................
rfapnait,«?
.......................................................................
178,342 43
00
3,120,993 29
I f f ”
11*11
|J
3,181 50
i J
12,500 00
Liabilities other than those above stated...............................................
Totals................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
639,789 73
639,789 73
3,181 50
■n
■«T i
28
3,299,335 72
$961,714 51
$3,857,911 80
12,500
00
$4,819,626 37
STA TE
ex
BAN KING
D EPA R TM EN T.
MARQUETTE.
ST 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 re 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 ity of M a r
q u ette, a s m a d e to the C o m m is s io n e r of th e B a n k in g D e p a r tm e n t, D ec e m b e r 5 , 1 9 1 1 .
Resources.
\
Report of
1 state
bank.
Report of
national
banks.
Total.
2
Loans and discounts..........................
$612,497 05
86
$2,545,168 91
Stocks, bonds and mortgages............
182,650 97
491,625 49
674,276 46
Overdrafts..........................................
483 26
459 90
943 16
250,000 00
250,000 00
U. S. bonds to secure circulation......
$1,932,671
26,000
Lb S. bonds to secure U. S. deposits..
26,000
Other bonds to secure postal savings.
10,000 00
10,000 00
U. S. bonds on hand..........................
37,500 00
37,500 00
136,692 60
00
00
Premiums paid...................................
Banking house, furniture and fixtures.................................
57,692 60
79,000 00
Other real estate....................................................................
12,110 48
4,000 00
16,110 48
Due from other banks and bankers......................................
6,113 04
100,663 42
106,776 46
Due from banks in reserve cities..........................................
132,658 28
376,894 90
509,553 18
9,689 28
26,061 96
Checks and other cash items................................................
16,372
68
1,506 67
Exchanges for clearing house................................................
1,506 67
Nickels and cents...................................................................
71 08
588 67
659 75
Specie.....................................................................................
17,981 80
170,529 70
188,511 50
U. S. and National bank notes.............................................
54,613 00
36,005 00
90,618 00
12,500
12,500
Redemption fund with U. S. treasurer (5% of circulation).
Due from U. S. treasurer, other than 5% redemption fund.
00
00
350 00
350 00
$1,094,750 91
$3,538,478 22
$4,633,229 13
Capital stock paid in.................... ....................
$100,000 00
$250,000 00
$350,000 00
Surplus fund......................................................
25,000 00
75,000 00
100,000 00
56,911 11
56,911 11
Totals.............................................................................
Liabilities.
Discount collected, not earned.........................
Undivided profits less expenses and taxes paid
2,141 20
National bank notes outstanding.....................
Due to banks and bankers...............................
40,572 41
Totals.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
48,552 54
242,550 00
242,550 00
30,899 03
71,471 44
45 00
Dividends unpaid..............................................
Commercial deposits.........................................
Savings deposits...............................................
Postal savings deposits.....................................
United States deposits......................................
Deposits U. S. disbursing officers....................
Reserved for taxes............................................
Notes and bills rediscounted............................
Bills pavable............................... v....................
Liabilities other than those above stated.........
46,411 34
501,840 35
421,196 95
4,000 00
$1,094,750 91
2,809,279 07
......... 186 0 0 '
20,618 23
5,078 44,
1,500 00
$3,538,478 22
45 00
3,311,119
421,196
186
20,618
5,078
5,500
42
95
00
23
44
00
$4,633,229 13
R EPO R T
OF T H E
COMMISSIONER.
cxi
HOUGHTON.
N A T IO N A L B A N K S .
A b s tr a c ts o f the 'published, r e p o rts o f th e 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 of the B a n k in g D e p a r tm e n t, D ece m b e r 5 ,1 9 1 1 .
Resources.
R eport of
national
banks.
2
Loans and discounts.............................................................................................................................................
$2,651,658 45
Stocks, bonds and mortgages................................................................................................................................
286,716 20
Overdrafts..............................................................................................................................................................
8,492 50
U. S. bonds to secure circulation..........................................................................................................................
250,000 00
U. 8 . bonds to secure U. S. deposits....................................................................................................................
1 0 0 ,0 0 0 00
Other bonds to secure postal savings...................................................................................................................
5,000 00
U. S. bonds on hand.............................................................................................................................................
Premiums paid.....................................................................................................................................................
1,130 58
Banking house, furniture and fixtures..................................................................................................................
59,698 00
Other real estate....................................................................................................................................................
Due from other banks and bankers......................................................................................................................
56,892 80
Due from banks in reserve cities..........................................................................................................................
186,259 29
Checks and other cash items.................................................................................................................................
14,224 51
Exchanges for clearing house...............................................................................................................................
19,529 84
Nickels and cents..................................................................................................................................................
2,939 21
Specie.....................................................................................................................................................................
258,726 10
U. S. and National bank notes.............................................................................................................................
134,635 00
Redemption fund with U. S. treasurer (5% of circulation).................................................................................
12,500
00
Due from U. S. treasurer, other than 5% redemption fund................................................................................
Totals.............................................................................................................................................................
$4,048,402 48
Liabilities.
Capital stock paid in .............................................................................................................................................
$300,000 00
Surplus fund..........................................................................................................................................................
250,000 00
Undivided profits less expenses and taxes paid...................................................................................................
281,848
National bank notes outstanding........................................................................: ................................................
237,500 00
Due to banks and bankers....................................................................................................................................
38,547 62
66
Dividends unpaid..................................................................................................................................................
Commercial deposits..............................................................................................................................................
2,912,489 90
Savings deposits....................................................................................................................................................
State moneys on deposit.......................................................................................................................................
United States deposits...........................................................................................................................................
Bonds borrowed....................................................................................................................................................
Postal savings........................................................................................................................................................
Notes and bills rediscounted.................................................................................................................................
Bills payable..........................................................................................................................................................
Liabilities other than those above stated................................. ........................................................................
Totals..............................................................................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
25,000 00
3,016 30
$4,048,402 48
cxii
STA TE
BANKING
D EPA R TM EN T.
ALPENA.
ST 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 r ts o f th e one S ta te a n d o n e 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 th e 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, D e c e m b e r 5 , 1 9 1 1 .
Report of
1 state
bank.
1
Loans and discounts............................
$914,366 75
$676,336 08
$1,590,702 83
Stocks, bonds and mortgages..............
646,692 33
211,973 40
858,665 73
Overdrafts............................................
1,024 19
2,493 35
3,517 54
50,000 00
50,000 00
Resources.
Report of
national
bank.
U. S. bonds to secure circulation........
Total.
U. S. bonds to secure LT. S. deposits...
Other bonds to secure U. S. deposits..
U. S. bonds on hand........... ................
Items in transit...................................
6,544 42
Banking house, furniture and fixtures.
37,607 24
Other real estate.............................
Due from other banks and bankers__
6,544 42
6,980
00
44,587 24
13,737 40
13,737 40
1,307 61
1,307 61
299,617 67
68,640 93
368,258 60
Checks and other cash items...............
25 00
1,790 94
Exchanges for clearing house..............
13,241 53
Due from banks in reserve cities.........
Nickels and cents.................................
1,815 94
13,241 53
02
341 31
943 33
Specie.....................................................................................
34,036 00
33,955 00
67,991 00
U. S. and National bank notes.............................................
58,462 00
45,002 00
103,464 00
602
Redemption fund with U. S. treasurer (5% of circulation).
2,500
00
2,500 00
,115,058 02
,127,277 17
Due from U. S. treasurer, other than 5% redemption fund.
Totals.
2,012,219 15
Liabilities.
Capital stock paid in...........................................
Surplus fund.......................................................
Undivided profits less expenses and taxes paid.
00
$50,000 00
$150,000 00
125,000 00
50.000 00
175,000 00
4,495 06
14,971 61
19,466 67
50.000 00
50,000 00
$ 100,000
National bank notes outstanding......................
Due to banks and bankers.................................
95,605 91
Dividends unpaid................................................
20 00
Commercial deposits...........................................
242,575 11
Savings deposits..................................................
95,605 91
20 00
296,605
86
539,180 97
1,444,523 07
653,480 55
2,098,003 62
2,012,219 15
1,115,058 02
,127,277 17
State moneys on deposit...........................
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
R E PO R T
OF T H E
COM MISSIONER.
cxiii
BENTON HARBOR.
STATE
BA NK S.
A b s tr a c ts of th e 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 th e c ity o f B e n to n H a rb o r , 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, D ec e m b e r 5 , 1 9 1 1 .
Resources.
Report of
3 state
banks.
Loans and discounts.............................................................................................................................................
$1,045,243 17
Stocks, bonds and mortgages... .........................................................................................................................
748,968 79
Overdrafts..............................................................................................................................................................
3,609 32
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..............................................................................................................................................
Premiums paid......................................................................................................................................................
9,041 00
Banking houses, furniture and fixtures.................................................................................................................
129,463 12
Other real estate....................................................................................................................................................
Due from other banks and bankers.......................................................................................................................
Due from banks in reserve cities.....................................................................................................................
26,823 44
288,692 19
Checks and other cash items.................................................................................................................................
4,853 20
Exchanges for clearing house................................................................................................................................
19,978 13
Nickels and cents...................................................................................................................................................
2,310 58
Specie....................................................................................................................................................................
54,044 80
U. S. and National bank notes..............................................................................................................................
105,241 00
Redemption fund with U. S. treasurer (5% of circulation).................................................................................
Due from U. S. treasurer, other than 5% redemption fund............................................................................
Totals.............................................................................................................................................
$2,438,268 74
Liabilities.
Capital stock paid in .............................................................................................................................................
$250,000 00
Surplus fund...........................................................................................................................................................
90,750 00
Undivided profits less expenses and taxes paid....................................................................................................
17,069 99
National bank notes outstanding..........................................................................................................................
Due to banks and bankers....................................................................................................................................
76,252 14
Dividends unpaid...................................................................................................................................................
Commercial deposits...........................................................................................................................................
Savings deposits.....................................................................................................................................................
888,065 32
1,116,131 29
State moneys on deposit........................................................................................................................................
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
$2,438,268 74
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORTS
OF T H E
STATE BANKS AND TRUST COMPANIES
AS M ADE TO T H E COM M ISSIONER OF T H E STATE B A N K IN G
D E PA R T M E N T
NOVEMBER 10,1910, JANUARY 7, MARCH 7, JUNE 7 AND SEPTEMBER 1,1911
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
3
No. 325.
T H E ADDISON STATE SAVINGS BANK, ADDISON.
Organized O ctober 11, 1905.
O. B.
Bowen, P r e s id e n t ;
Directors.— O.
F. B. Kline, L. S. Towne, V ic e P r e s id e n t s ;
F . B. Cleveland, C a s h ie r .
B . Bow en, F. B . K line, D . A. Curtis, L. S. Towne, R . C. R othfuss.
R esources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fix tu r es........................
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
125,371 34
18,067 16
$24,291 60
16,436 12
$31,030 48
14,191 92
$29,479 63
23,824 59
$28,494 11
27,248 96
62,764 39
60,129 39
60,732 89
58,696 89
58,371 89
621 75
1,073 94
240 11
196 73
101 55
5,274 12
2,732 44
37 29
5,274 12
2,732 44
5,274 12
2,732 44
5,274 12
2,732 44
5,274 12
2,732 44
13,613 79
2,529 40
10,485 12
16,855 08
10,604 91
9,048 02
6,539 76
10,700 94
5,880 76
16,183 62
145 00
4,000 00
730 00
6,000 00
733 00
4.000 00
752 00
4,000 00
647 00
4,000 00
5 00
1,500 00
1,820 00
740 00
1.000 00
340 00
895 00
663 80
500 00
801 45
821 05
166 15
1,000 00
559 25
Other real e s t a t e . . : ............................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
Due from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.................... ;.
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
Liabilities.
Capital stock paid i n . ..........................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
paid
.................................................
D ividends un p aid ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of deposit
Certified e h e e k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o sit.........
R eserved for taxes, interest, e t c .. .
N otes and hills red isco u n ted ............
Bills pa.yahle
...................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
58 51
78 96
121 13
104 46
118 90
201 91
251 23
30 52
25 25
165 37
$138,048 61
$146,996 74
$141,300 59
$143,832 96
$150,672 97
$20,000 00
1,000 00
$20,000 00
1,250 00
$20,000 00
1,250 00
$20,000 00
1,250 00
$20,000 00
1,250 00
880 02
2,230 08
2,910 59
22,475 12
26,853 70
20,666 85
1,689 78
540 00
20,074 65
29,811 71
'
45,113 38
50,170 80
43,642 03
51,753 00
42,973 05
53,722 40
42,392 28
51,106 90
48,708 05
57,137 48
$138,048 61
$146,996 74
$141,300 59
$143,832 96
$150,672 97
STA TE BAN KING D EPA R TM EN T.
4
No. 162.
T H E A DRIAN STATE SAVINGS BANK, ADRIAN.
Organized May 29, 1893.
R.
A.
Watts, P r e s id e n t ; George A. Wilcox, V ic e P r e s id e n t ; B . E. Tobias,
R . H . Watts, C. S. Whitney, A s s i s t a n t C a s h ie r s .
C a s h ie r ;
Directors.— R .
A. W atts, Geo. A. W ilcox, W. E. Jew ett, R . A. Kaiser, Chas. G. W esley, W .
B. E . Tobias, A. D . E llis, C. S. W hitney, R . H . W atts, W. W . Cooke.
O. H unt,
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
Report of
Report of
N ov. 10, GO. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
#285,499 77
75,059 50
$243,224 98
126,397 07
$247,859 33
121,822 85
$222,159 14
107,773 79
$187,820 00
75,213 06
31,500 00
816,087 33
24,000 00
829,035 58
24,000 00
829,284 51
24,000 00
920,226 95
23,000 00
939,484 09
58 12
1,205 39
28 10
4 47
585 00
192 19
30.000 00
10.000 00
5,000 00
30.000 00
10.000 00
30.000 00
10.000 00
30.000 00
10.000 00
30.000 00
10.000 00
Tferns in tr a n s it.....................................
U nited States bonds:
2,308 67
7,058 33
3,358 13
2,119 84
27,000 63
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
, Savings d ep a rtm en t.........................
E xchanges for clearing house:
Dorn m erei a,l d ep art m en t,. . .
18,395 07
100,630 79
21,359 99
109,978 64
35,651 23
122,910 91
28,983 46
104,959 24
18,219 73
115,503 00
3,838 50
4,934 13
2,098 15
3,146 90
4,717 00
27,080 00
7,801 00
30.000 00
14,247 00
30.000 00
26,285 00
30.000 00
18,249 00
30.000 00
1,295 00
25,000 00
2,102 50
25.000 00
1,262 50
25.000 00
810 00
25.000 00
952 50
25.000 00
3,546 40
5,362 70
6,079 00
4,707 50
4,845 75
485 19
489 62
710 41
588 52
563 51
141 32
375 72
212 76
14 30
182 07
T o ta ls................................................ $1,440,324 16 $1,477,230 02 $1,507,360 86 $1,539,730 36
$1,509,957 43
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings ilftpart.rn fint,.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savin gs d ft.partm e n t.........................
O verdrafts................................................
E xpenses, interest and ta x es paid,
preceding earn ings...........................
Thanking house .....................................
Safety deposit v a u lts...........................
Ofher real estate
D ue from other banks and bankers,
2,920 00
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t..............
Savings d ep artm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm ent
N ickels and c e n ts:•
Commercial d ep a rtm en t................
Savings departm ent
Checks and other cash it e m s ............
\
L iabilities.
$120 000
Capital stock paid in ............................
^30,000
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
36,073
paid
...................................................
T)i vi d en d s n n pai d .. .
Commercial deposits subject to
189,877
check
.................................................
Commercial certificates of deposit
Certified eheeks
Cashier’s eheeks o u tsta n d in g .........
State m onies on deposit
D oe to hanks and hankers. .
Savings d ep o sits..................................... 1,014,864
49,508
Savings certificates of d e p o s it.........
"Reserved for ta x es interest etc . .
IVo tes and hills rediscounted
....
Rills payable.
..............................
00
00
$120,000 00
30,000 00
$120,000 00
30,000 00
$120,000 00
30,000 00
$120,000 00
30,000 00
71
14,807 56
22,563 44
15,895 68
29,632 35
40
251,591 21.
289,138 56
290,780 35
254,646 52
27
78
1,006,3Ü 8Ì
54,519 44
1,012,897 23
32,761 63
1,053,248 27
29,806 06
1,046,185 21
29,493 35
T o ta ls................................................ $1,440,324 16 $1,477,230 02 $1,507,360 86 $1,539,730 36
$1,509,957 43
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5
STATE BANKS OF MICHIGAN.
No. 89.
THE COMMERCIAL SAVINGS BANK, ADRIAN.
Organized May 10, 1888.
Alanson Bennett, P r e s id e n t ; Charles G. Hart, A. H . Wood, V ic e P r e s id e n t s ;
E. N . Smith, C a s h ie r ; P. J. Dunn, A s s i s t a n t C a s h ie r .
Directors.— A. B en nett, A. H . W ood, A. M. Stephenson, E . C. Sword, E . L. Baker, C.
G. Hart»
John E . Bird, N . B . H ayes, A. E. Palmer.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
PY»mm p.rci al d apartm ent,................
Savings d ep artm en t.........................
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$300,297 15
71,000 63
$282,266 86
70,856 63
$259,011 09
77,156 63
$264,694 54
61,845 00
$252,458 43
65,667 81
268,308 95
251,828 54
248,001 77
287,034 04
295,117 84
O verdrafts................................................
E xpenses, interest and ta x es paid,
577 99
154 02
667 24
986 52
95 41
B anking h o u se ........................................
Furniture and fixtu res.........................
12,000 00
12,000 00
12,000 00
12,000 00
12,000 00
D ue from other banks and bankers,
nnf. reserve cities ............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
2,426 67
1,441 97
1,319 45
142 99
8,440 31
15,800 00
58,365 47
12,300 00
40,863 06
12,400 00
94,532 30
14,000 00
83,792 55
12,700 00
61,415 45
1,893 85
1,152 83
762 69
1,208 16
548 31
12,800 00
15,049 00
12,000 00
12,461 00
12,400 00
13,353 00
14,000 00
23,585 00
12,700 00
23,834 00
3,000 00
1,497 50
300 00
3,530 00
1,017 50
1,865 00
365 00
3,813 05
4,736 05
4,696 55
1,785 35
1,704 10
602 75
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Savings departm en t.........................
Silver coin:
Savings d ep artm en t.........................
N ickels and cents:
Savings departm en t.........................
D ue from T
T S. Treasurer.. .
Checks and other cash it e m s ...........
518 93
2,000 00
1,488 93
309 92
128 36
2,500 00
1,395 88
321 36
1,425 00
1,015 42
T o ta ls................................................
$768,834 89
$709,898 82
$737,628 14
$769,567 51
. $749,808 44
$110,000 00
22,000 00
$110,000 00
22,000 00
$110,000 00
22,000 00
$110,000 00
22,000 00
$110,000 00
22,000 00
11,448 92
4,065 27
7,339 42
7,108 14
6,741 81
210,037 68
1,538 00
163,383 49
1,913 35
164,541 99
1,649 73
175,095 84
1,245 15
2,200 00
160,695 69
1,542 86
620 00
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
Commercial deposits subject to
check ......................................................
Commercial certificates of d ep o sit..
38 50
10,000 00
7,500 00
Savings d ep o sits.....................................
413,810 29
408,498 21
432,097 00
441,918 38
440,708 08
•T o ta ls................................................
$768,834 89
$709,898 82
$737,628 14
$769,567 51
$749,808 44
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6
STA TE BAN KING D EPA R TM EN T.
No. 66.
L EN A W EE COUNTY SAVINGS BANK, ADRIAN.
Organized December 16, 1869.
Corporate existence extended F ebruary 1, 1902.
Herman V. C. Hart, P r e s id e n t ; Ambrose B. Park, V ic e P r e s id e n t ; Clinton D . Hardy, C a s h ie r Fred E. Ash, A s s i s t a n t C a s h ie r .
Directors.— Herman Y . C. H art, W. J. Parker, H . L. Larwill, D . B. Morgan, A. B. Park, C. D . H ardy.
Report of
N ov. 10, ’10
R eport of
Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
$191,588 81
$159,063 89
$145,025 43
595,080 74
614,127 22
311 11
84 00
261 11
275 00
235 11
220 00
235 11
159 00
194 11
111 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
102,366 43
77,913 67
110,501 47
85,720 03
101,785 67
266 75
1,769 64
196 57
24 00
163 46
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.......................
Gold coin:
Commercial d ep artm en t..............
Savings departm en t.........................
36,058 00
33,189 00
30,826 00
37,442 00
38,304 00
3,434 50
3,125 00
3,210 00
3,517 50
3,520 00
3,047 40
2,492 50
2,779 30
1,107 75
648 95
154 14
541 07
267 47
651 08
33 46
546 45
97 24
880 90
90 83
979 14
$957,932 95
$918,135 58
$930,323 25
$961,062 96
$903,096 07
$100,000 00
30,000 00
$100,000 00
30,000 00
$100,000 00
30,000 00
$100,000 00
30,000 00
$100,000 00
30,000 00
9,733 70
9,242 66
1,080 00
9,848 19
10,362 04
10,699 58
2,297 63
587 10
1,224 53
858 34
777,225 82
50 00
789,200 53
524 00
819,318 58
664 51
816,731 98
5,000 00
$918,135 58 | $930,323 25
$961,062 96
$963,096 07
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, mortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
Suspense a cco u n t..................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fix tu res.........................
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$137,042 48
$133,647 67
611,749 46 ' 669,836 95
658,651 24
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ...............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.......................
N ickels and cents:
Commercial d ep a rtm en t..............
Savings departm en t.........................
Checks and other cash it e m s .........
T o ta ls..................................
L iabilities.
Capital stock paid in ..........................
Surplus fu n d .....................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................
D ividends u n p a id .................................
Commercial deposits subject to
c h e c k ............................
Commercial certificates of d e p o sit..
Cashier’s checks o u tsta n d in g ............
State monies on d e p o s it.....................
D ue to banks and bankers................
Savings d ep o sits..............................
Saving certificates of deposit. . . .
R eserved for taxes, interest, e tc . . .
N otes and bills rediscounted . . . .
B ills pa y a b le....................
T o ta ls....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
468 17
815,433 45
$957,932 95
STATE
BANKS OF MICHIGAN.
7
No. 171.
W ALDBY AND CLAY’S STATE BANK, A DRIAN.
Organized June 24, 1894.
Clay, P r e s id e n t ; H . B . Waldby, R . S. Moreland, V ic e P r e s id e n t s ; J. C. Murphy, C a s h ie r ;
E . A. Newton, A s s i s t a n t C a s h ie r .
Directors.— F. W . Clay, H . B . W aldby, R ial Clay, J. V. D eFoe, R . S. Moreland, A. W. W ood,
F. W.
J. W. Kirk, F . A. Stevenson, J. C. Murphy.
Resources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Premium a cco u n t............... „ ...............
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se .......................................
Furniture and fix tu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of deposit. .
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
S tate m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e t c . ..
N otes and bills red 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
R eport of
N ov. 10, ’10
Report of
Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
$119,158 01
205,600 00
$136,629 20
186,500 00
$133,887 48
153,900 00
$158,050 77
184,920 00
$145,909 49
180,500 00
428,403 00
448,278 00
444,978 00
467,198 00
448,263 00
2,413 08
18 20
6 90
952 78
18,000 00
18,000 00
18,000 00
18,000 00
2 24
18,000 00
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
388 32
149 68
10,430 37
108,961 73
11,094 95
59,711 71
11,164 54
130,221 21
11,309 68
107,265 35
11,356 80
103,776 66
337 66
1,907 98
172 02
619 48
297 69
14,172 00
39,000 00
15,323 00
39,000 00
7,119 00
39,000 00
9,457 00
40,000 00
9,063 00
40,000 00
1,487 50
815 00
457 50
672 50
1,415 00
3,160 40
2,233 90
2,429 00
3,028 40
2,427 60
192 08
302 84
324 07
380 42
200 52
203 80
10 00
179 58
37 10
$951,632 63
$919,846 01
$75,000 00
15,000 00
$75,000 00
15,000 00
$75,000 00
15,000 00
$75,000 00
15,000 00
$75,000 00
15,000 00
14,009 03
3,732 37
6,345 93
6,133 77
8,200 06
94,399 91
4,188 07
85,640 56
5,029 55
87,754 26
9,061 87
105,715 80
5,488 81
85,728 29
5,901 81
1,902 97
747,132 65
2,250 15
733,193 38
749,115 01
374 93
793,052 39
1,167 83
771,305 79
$951,632 63
$919,846 01
$942,277 07 $1,000,765 70
$962,303 78
$942,277.07 $1,000,765 70
$962,303 78
STA TE BANKING D EPA R TM EN T.
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 e t h H y n e y , C a s h ie r ;
T. N . B r o c k w 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 .— E ugene P. Robertson, W . S. K essler, S. Y . Hill, D . A. Garfield, W m. H . R odenbach,
O. A. Leonard, Geo. W . Schneider, Geo. T. B ullen, D . M. M cAuliffe.
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
$118,745 81
50,908 79
$108,671 58
65,444 35
$122,887 60
53,540 67
$126,041 45
54,089 96
$119,988 90
63,862 12
23,600 00
125,137 00
32,100 00
115,712 00
22,100 00
126,162 00
21,100 00
136,587 00
20,100 00
127,073 73
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
earnings...........................
3,404 57
4,550 40
2,363 21
531 90
434 91
Furniture and fix tu r es........................
1,846 44
1,846 44
1,846 44
1,846 44
1,500 00
5,543 14
7,238 21
4,193 31
4,431 99
3,087 55
8,486 52
9,911 77
8,062 25
10,040 18
17,016 96
17,568 93
22,309 85
17,114 87
29,210 64
19,758 09
1,632 25
2,456 39
2,104 38
Resources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savin gs d epart,m ent,.........................
Of p e r rea ] esta te
..........................
D ue from other banks and bankers,
Liof. reserve c itie s ..............................
Tferns in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Ravi n gs d ep a rtm en t.........................
Gold coin:
Com m e.roi al d epart m e n t ................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm ent,.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ...........
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fund .......................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
P i vi d en d s n npai d ..................................
Commercial deposits subject to
check ...................................................
Commercial certificates of dep osit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
P n e to hanks and b an kers................
Savings d ep o sits.....................................
Ravings certificates of d e p o sit.........
"Reserved for taxes, interest, e tc . . .
N otes and hills red iscou n ted ............
P ills payable.
...................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
961 20
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
1,907 03
6,520 00
5,984 00
1,000 00
10,803 00
2,440 00
7,845 00
9,147 00
6,945 00
7,690 00
3.500 00
14,590 00
6,400 00
7,155 00
7,055 00
225 00
8.500 00
2,130 80
75
961 50
783 00
1,015 05
1,861 25
2,836 90
10 75
6 94
106 97
66 14
48 49
62 65
$375,633 85 1 $387,832 56
$411,566 59
$409,940 43
5 56
$377,781 54
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
9,367 54
6,846 18
488 00
8,831 17
9,282 37
9,191 46
50 00
73,531 25
22,667 25
69,241 87
24,990 79
76,545 17
30,729 85
93,182 27
27,723 59
91,256 74
29,771 92
211,726 37
221,378 36
219,670 31
$387,832 56
$411,566 59
$409,940 43
1
!
212,215 50
214,067 01
1
1
1
$377,781 54
$375,633 85
STATE BANKS OF MICHIGAN.
9
No. 167.
T H E COMMERCIAL AND SAVINGS BANK, OF ALBION.
Organized Septem ber 30, 1893.
F r a n k E. P a l m e r , P r e s id e n t ; H o m e r C. B l a i r , V ic e P r e s id e n t ; C. G. B i g 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 .— F . E. Palmer, L. J. W olcott, Sam uel D ickie, W ashington Gardner, C. G. B igelow ,
E. R . Loud, H . C. Blair, B . D . Brown, W. C. Marsh.
Resources.
Loans and discounts:
Commercial d ep a rtm en t............
Savings departm en t....................
Bonds, mortgages and securities:
Commercial d ep a rtm en t............
Savings d ep artm en t....................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
$120,241 69
55,780 00
8,000
00
123,453 30
$108,433 72
55,780 00
8,000 00
132,253 30
Report of
Mar. 7, ’l l .
$113,282 19
42,280 00
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$126,045 86
47,050 00
7,000
00
7,000 00
142,936 35
133,860 30
$126,966 25
41,450 00
7,000 00
145,536 64
934 20
Premium account
1,997 64
O verdrafts.............
E xpenses, interest and ta x es paid,
exceeding earnings.......................................................
B anking h o u se .......................................
5,400 00
Furniture and fix tu res........................
2,150 00
922 45
2,439 20
922 45
1,419 58
922 45
2,238 66
5,400
2,150
5,400
2,150
5,400
2,150
894 00
894 00
894 00
3,210 00
3,210 00
175 00
1,347 29
1,355 00
2,221 24
1,924 17
14,489 75
15,215 54
22,193 33
19,737 89
21,521 50
17,575 30
22,344 45
13,326 48
18,947 53
1,516 89
780 39
620 43
5,500 00
1,833 19
1,846 00
1,147 90
1,236 30
907 83
2,000
6,785 00
5,500 00
2,701 00
8,000 00
6,491 00
5,826 00
6,000
8,000
4,887 50
3,812 50
900 00
1,245 00
3,000 00
2,777 50
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t............
Savings departm en t....................
E xchanges for clearing house:
Commercial d ep artm en t............
Savings departm en t....................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t. .
Savings departm en t...........
N ickels and cents:
Commercial d ep artm en t. .
Savings departm en t...........
Checks and other cash item s
Totals
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un paid..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep o sit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it.....................
D ue to banks and bankers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for ta x es, interest, e t c . ..
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
Totals
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
8,737 00
00
00
5,185 00
00
00
00
00
00
922 45
415 39
5,400
2,150
2,000
00
00
00
00
14 00
2,380 00
3,002 60
96 60
2,205 85
14 75
1,299 65
934 00
1,541 85
838 60
19
183 88
214 93
150 79
06
326 87
139 21
139 79
92
172 93
437 59
71 82
$354,527 86
$381,898 68
$371,347 23
$400,761 80
1,711 12
$35,000 00
13,000 00
$35,000 00
13,000 00
$35,000 00
13,000 00
$35,000 00
13,000 00
$35,000 00
13,000 00
4,779 82
2,482 63
4,550 18
4,563 16
4,593 38
74,014 81
16,743 91
89,710 97
20,381 79
80,759 63
24,614 87
95,261 37
24,435 25
93,378 29
24,466 68
5,000 00
5,000 00
2,500 00
210,989 32
221,323 29
208,422 55
223,502 02
216,772 77
$354,527 86
$381,898 68
$371,347 23
$400,761 80
$389,711 12
Ì32 84
10
STA TE BAN KING D EPA R TM EN T.
No. 314.
ALLEGAN STATE SAVINGS BANK, ALLEGAN.
Organized May 24, 1905.
DeLano, P r e s id e n t ;
Directors.— H. A. DeLano,
H . A.
W. H.
Chaddock,
V ic e P r e s id e n t ;
Earl W. DeLano,
C a s h ie r .
W. H. Chaddock, V. E. D eLano, F. A. Chaddock, Earl W. D eLano.
Resources.
Loans and discounts:
fiommp.rria,l d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savi n gs d ep a rtm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fixtures........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ...............................
Item s in tr a n s it......................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t...................... ..
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
R eport of
N ov. 10, '10
Report of
Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
147,522 68
68,022 33
$42,803 03
68,017 59
$43,655 24
74,147 79
$55,898 77
66,016 91
$52,926 13
56,941 55
85,231 71
83,031 71
84,731 71
93,225 71
99,905 71
574 30
2,450 79
671 89
420 12
200 00
1,239 32
10,000 00
2,042 50
11 87
10,000 00
2,042 50
10,000 00
2,042 50
54 29
12,000 00
2,042 50
15,000 00
5,042 50
1,661 99
1,661 99
1,661 99
1,661 99
1,661 99
2,000 00
21,648 48
1,500 00
19,648 49
2,000 00
22,683 34
3,700 00
18,533 80
3,200 00
18,422 25
63 67
237 56
57 31
212 85
606 42
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
2,577 00
4,211 00
1,748 00
5,200 00
2,455 00
5,100 00
3,510 00
4,600 00
3,550 00
1,069 00
120 00
4,000 00
15 00
3,690 00
40 00
4,000 00
70 00
4,000 00
145 00
4,000 00
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s ...........
272 05
985 00
256 40
1,028 00
252 85
315 00
100 70
1,075 00
70 00
403 75
13 21
162 56
214 03
2 58
167 17
1,523 31
14 14
87 00
324 45
9 64
104 05
1,286 28
2 90
68 22
5,181 96
T o ta ls................................................
$251,471 69
$244,855 74
$254,789 32
$268,373 43
$269,267 84
$30,000 00
1,800 00
$30,000 00
1,800 00
$30,000 00
1,800 00
$30,000 00
1,800 00
$30,000 00
1,800 00
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d ep o sit..'
Certified c h e c k s......................................
Cashier's checks o u tsta n d in g ...........
State m onies on d e p o s it...................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of deposit
Reserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p ay a b le............................................
T ota ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
382 07
1,225 11
685 21
33,215 09
23,861 99
26,746 62
5,000 00
5,000 00
2,500 00
59,136 68
126,094 81
70,037 27
119,156 48
76,420 98
114,439 65
86,978 43
99,901 55
92,168 47
96,577 73
$251,471 69
$244,855 74
$254,789 32
$268,373 43
$269,267 84
31,693 45
13,000 00
32,536 43
13,000 00
STATE BANKS OF MICHIGAN.
11
No. 323.
T H E F IR S T STATE BANK OF ALLEGAN, ALLEGAN.
Organized May 15, 1905.
H. Williams, P r e s id e n t ; M. V. B. McAlpine, B. B. Sutphin, V ic e P r e s id e n t s ;
H. D . Pritchard, C a s h ie r ; Herman Vaupell, A s s i s t a n t C a s h ie r .
Directors.— F. H. W illiam s, Charles R . W ilkes, M. C. Sherwood, W. J. Oliver, M. V. B . McAlDine
B . B. Sutphin, H. F . Marsh, H. D . Pritchard, W. H. Bills.
F.
Resources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings............................
Banking h o u se ........................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial departm en t................
Savings departm en t.........................
Gold coin:
Commercial departm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
Nickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s ...........
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of dep osit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le.........................................
T o ta ls............... ..
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$110,581 04
133,005 11
$138,568 52
150,450 60
$168,428 84
90,440 60
$149,792 43
86,088 03
$121,965 32
103,058 28
193,927 54
205,180 17
213,400 67
225,220 93
229,155 40
271 61
239 43
501 27
863 93
2,167 69
6,091 24
3,998 07
6,091 24
3,998 07
6,091 24
3,998 07
6,091 24
3,998 07
6,091 24
3,998 07
776 35
1,330 50
1,135 39
903 08
1 75
4,115 84
51,543 38
6,129 60
30,895 50
10,277 06
45,315 71
8,457 97
43,271 83
8,510 40
34,229 79
1,644 00
17.000 00
8,916 00
11,000 00
5,983 00
11,000 00
2,475 00
8,000 00
1,590 00
15,000 00
187 50
10.000 00
242 50
10,000 00
1,437 50
7.000 00
977 50
9.000 00
1,422 50
5,000 00
1,054 55
3,000 00
224 00
3,000 00
1,005 00
1.000 00
988 60
1.000 00
1,351 00
733 15
921 73
1,186 52
1,133 20
906 63
1,386 20
3,491 56
547 49
2,106 62
643 87
$540,104 16
$580,944 21
$568,695 04
$550,141 86
$534,918 46
$50,000 00
3,500 00
$50,000 00
4,000 00
$50,000 00
4,000 00
$50,000 00
4,000 00
$50,000 00
4,500 00
6,151 56
4,251 10
135 00
4,842 58
5,481 89
4,091 64
59,153 06
3,110 00
47 45
92,580 18
50,688 52
56,171 09
78,152 07
41,319 81
58,689 79
51,205 90
40,388 44
5,000 00
2,500 00
188,048 42
230,093 67
202,849 37
176,440 04
200,742 04
162,287 26
192,278 94
178,871 43
187,050 85
192,681 63
12,500 00
14,500 00
2,500 00
$568,695 04
$550,141 86
$534,918 46
$540,104 16
$580,944 21
STA TE BANKING D EPA R TM EN T.
12
No. 487.
*A LLEN STATE SAVINGS BANK, ALLEN.
Organized March 7, 1911.
William N . Benge, P r e s id e n t ; Benjamin W. Brockway, V ic e P r e s id e n t ; Hagle A. Clark, C a s h ie r .
Directors.—Wm. N . B enge, B . W . B rockw ay, A. M. W inchester, A. L. Norton, R . J. W atson,
E. J. McConnell, E. H . Shepard.
Resources.
R eport of
Mar. 7, ’l l .
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Loans and discounts:
Commercial d ep artm en t................
Savings departm ent,.. .
Bonds, mortgages and securities:
Commercial d ep artm en t................
Sa.vi n gs d epart,m ent,.........................
$35,678 94
1,925 00
Premium account,
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings.
'Ranking house . . . .
Furniture and fix tu res........................
41 93
5,000 00
718 52
Other real estate
D ue from other banks and bankers,
not, reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
617 94
318 83
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d e p a r tm e n t... .
E xchanges for clearing house:
Commercial departm ent. . .
Savings departm ent,.. . .
1,585 55
216 93
U . S. and N ational bank currency:
Commercial departm ent. ..............
Sa vi n gs d epart m en t,..
Gold coin:
Commercial d ep a rtm en t..............
Savings d e p a r tm e n t... .
1,756 00
75 00
Silver coin:
Commercial departm ent . .
Savings departm en t..................
N ickels and cents:
Commercial departm ent . .
Savings departm ent
Checks and other cash item s
216 30
43 54
$48,194 48
T o ta ls...........
L iabilities.
Capital stock paid i n ............
Surplus fund. ”, ................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ......................................................
D ividends u n p a id ... .
Commercial ‘deposits subject to
c h e c k ...................
Commercial certificates of deposit
Certified checks
Cashier’s checks outstanding
State m onies on deposit
D ue to banks and bankers. .
Savings deposits
Savings certificates of deposit
R eserved for taxes, interest etc
N otes and bills rediscounted
B ills p a y a b le.............
$20,000 00
732 38
17,902 66
9,559 44
$48,194 48
T o ta ls.........
1
*Commenced business August 1, 1911.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
June 7, ’l l . Sept. 1, ’l l
13
STATE BANKS OP MICHIGAN.
No. 232.
ALMA STATE SAYINGS BANK, ALMA.
Organized May 1, 1901.
William A. Bahlke, P r e s id e n t ; Jotham Allen, V ic e P r e s id e n t ; Hira C. Moore, C a s h ie r ;
Roy L. Anderson, A s s i s t a n t C a s h ie r .
Directors— W illiam A. Bahlke, D. L. Sharrar, George C. Parsons, Hira C. Moore, Jas. W. R obinson,
Edgar A. B agley, Jam es E . Mitchell, Jotham Allen.
Report of
Report of
N ov. 10, HO. Jan. 7, ’l l .
Resources.
Report of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
187,296 43
24,922 83
$116,161 02
15,521 33
$97,733 07
48,805 86
$93,516 63
59,166 05
$92,801 92
56,387 01
Savings departm en t.........................
100,577 84
95,572 84
98,982 00
97,527 00
82,852 00
O verdrafts................................................
E xpenses, interest and ta x es paid,
1,142 42
1,793 25
611 73
1,527 44
653 79
Furniture and fixtures—
1,700 00
1,700 00
58 04
10,500 00
1,700 00
10,500 00
1,700 00
10,500 00
1,700 00
................
16,000 00
D ue from other banks and bankers,
1,375 00
413 58
2,152 81
357 08
1,081 23
1,828 71
15,095 71
1,297 83
2,009 60
14,956 30
33,301 59
3,912 41
8,307 10
5,741 88
30,067 00
1,451 00
4,097 00
1,430 00
3,510 00
2,593 00
4,000 00
5,079 00
3,500 00
1,277 00
3,500 00
590 00
3,000 00
770 00
3,000 00
3,825 00
1,045 00
3,000 00
990 00
3,000 00
1,837 00
400 00
122 20
1,190 00
703 00
175 00
670 70
500 00
1,079 34
431 00
47 55
88 09
111 29
Checks and other cash it e m s ............
28 73
3 00
967 52
940 97
1,245 85
426 69
100 97
69 00
324 78
T o ta ls................................................
$246,313 19
$261,480 17
$321,431 34
$290,846 39
$292,556 92
$25,000 00
20,000 00
$25,000 00
20,000 00
$25,000 00
20,000 00
$25,000 00
20,000 00
$25,000 00
20,000 00
943 13
753 00
30 00
1,956 64
845 61
42,273 68
55,010 18
82,341 89
51,889 60
50,405 30
37,859 83
110,236 55
38,471 47
117,215 52
41,069 81
148,019 64
40,313 91
131,686 24
41,103 26
135,202 75
Item s in tr a n s it.....................................
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings d e p a r tm e n t.......................
N ickels and cents:
Commercial d ep a rtm en t................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
i
•j
Commercial deposits subject to
c h e c k ................................................ • •
Savings d ep o sits....................................
Savings certificates of d e p o s it.........
Bills p a y a b le............................................
10,000 00
5,000 00
5,000 00
20,000 00
20,000 00
T o ta ls................................................
$246,313 19
$261,480 17
$321,431 34
$290,846 39
$292,556 92
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
14
STA TE BAN KING D EPA R TM EN T.
No. 233.
F IR S T 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 i a m S. T u r c k , V ic e P r e s id e n t ; C a r l H . W a s h b u r n , C a s h ie r J . S. K n o e r t z 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 — Ammi W. W right, W illiam S. Turck, Gerritt S. Ward, L ester A. Sharp
P erley M . Sm ith, Carl H . W ashburn.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts.......................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fix tu r es........................
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
Nickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ...........
T o ta ls...........................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id .................................................
D ividends un p aid ................................
Commercial deposits subject to
c h e c k .................................................
Commercial certificates of d e p o s it..
Certified c h e c k s...............................
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it..............
D ue to banks and ban kers..............
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . . .
N otes and bills red iscou n ted ............
B ills p a y a b le.......................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Francis K ing
R eport of
N ov. 10. ’10
R eport of
Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
$149,579 48
38,936 61
$152,147 93
37,025 00
$139,603 21
26,306 25
$145,690 71
39,456 25
$149,862 46
40,456 25
141,544 65
157,199 65
149,034 65
167,032 23
182,297 03
3,351 04
2,670 27
261 33
812 90
245 02
1,835 95
7,500 00
500 00
7,500 00
500 00
7,500 00
500 00
7,500 00
500 00
7,500 00
500 00
5,940 76
6,691 70
9,599 17
87 00
5,072 31
16,644 75
26,119 62
20,312 83
37,898 52
39,761 02
96,940 74
50,980 67
68,587 05
18,170 42
54,613 42
283 67
69 67
246 89
136 24
14,526 00
3.000 00
■ 13,105 00
3.000 00
15,760 00
5.000 00
11,739 00
6,000 00
11,561 00
6,000 00
125 00
9.000 00
105 00
9.000 00
182 50
9.000 00
77 50
9,000 00
522 50
9,000 00
1,567 00
2,244 15
2,549 25
2,091 40
2,354 30
213 64
197 25
206 90
206 60
108 11
90 52
126 12
95 44
62 68
124 10
$419,178 67
$450,007 09
$502,370 13
$510,070 88
$490,359 11
$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
3,892 16
1,109 31
536 00
3,697 63
6,270 58
3,449 39
85,778 31
50,907 32
100,413 55
43,825 06
109,109 16
43,281 70
115,611 66
38,113 11
87,818 78
46,724 24
30,891 35
187,709 53
35,802 53
208,320 64
41,464 02
244,817 62
47,406 92
242,668 61
53,070 65
239,296 05
$502,370 13
$510,070 88
$490,359 11
539 60*
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
.............. |
$419,178 67
$450,007 09
STATE
BANKS
OF
M ICH IGAN .
15
No. 437.
T H E ALMONT SAVINGS BANK, ALMONT.
Organized May 5, 1909.
Taylor, P r e s id e n t ; F. P. Andrus, V ic e P r e s id e n t ; George D . Hart, C a s h ie r .
Directors.—W m . W . Taylor, Thos. C. Taylor, F. C. Ballard, F. P. Andrus, D avid Cochrane,
W. W.
W m. W. Paton, M. A. Currier, J. E. Leete, A. H . Leete.
R esources.
Loans and discounts:
Commercial d ep a rtm en t..............
Savings departm en t......................
Bonds, m ortgages and securities:
Commercial d ep artm en t..............
Savings departm en t......................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fixtures........................
R eport of
N ov. 10, ’10
R eport of
Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
$21,681 73
13,954 50
$19,149 72
15,932 31
$25,770 24
9,378 59
$22,034 52
7,050 13
$21,942 88
10,260 72
12,403 60
65,534 51
12,103 60
70,574 51
15,903 60
85,223 37
15,703 60
98,536 08
15,629 95
102,836 08
159 25
159 14
68 40
147 22
450 38
3,513 47
1,781 72
3,513 47
1,801 72
3,513 47
1,800 72
1,656 12
265 23
160 00
160 00
4,595 90
10,438 85
8,337 08
17,483 52
3,265 94
16,244 66
9,165 61
17,897 75
2,558 26
11,437 46
1,174 12
560 00
2,049 12
2 00
2,480 00
1,134 00
1,000 00
252 00
4,000 00
223 00
4,000 00
1,218 00
4,000 00
1,360 00
2,500 00
20 00
1,500 00
15 00
1,500 00
20 00
1,500 00
175 70
600 00
428 80
450 00
387 60
500 00
502 55
500 00
374 40
500 00
2 99
100 00
100 50
88
25 00
105 94
208 95
187 87
$140,493 35
$158,381 74
$25,000 00
3,487 48
1,782 72
Other real e s t a t e ...................................
D ue from other banks and bankers
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ...........
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ......................................................
D ividends un p aid ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d e p o s it..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and bankers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e t c . . .
N otes and bills red iscou n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3,514 72
1,782 72 .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
1,356 49
500 00
10 83
16 97
$169,537 25
$182,970 43
$178,907 16
$25,000 00
$25,000 00
$25,000 00
$25,000 00
253 68
1,493 16
1,894 88
1,311 88
635 49
8,792 47
2,006 00
10,608 41
6,819 70
10,012 07
9,604 20
12,859 41
14,605 55
8,892 69
14,859 87
70,151 47
34,289 73
84,264 93
30,195 54
91,271 41
31,754 69
98,926 27
30,267 32
106,817 58
22,701 53
$169,537 25
$182,970 43
$178,907 16
$140,493 35
j
$158,381 74
j
STATE
16
B A N K IN G D E P A R T M E N T .
No. 169.
T H E A LPEN A COUNTY SAYINGS BANK, ALPENA.
Organized April 12, 1894.
Patrick Culligan, P r e s i d e n t ; Frank C. Holmes, V ic e P r e s id e n t ; W. A. Prince, C a s h ie r .
Directors.— F. W. Gilchrist, Patrick Culligan, W. A. Prince, F. C. H olm es, M ichael OB n en ,
S A D avison D . D . Hanover, R obert M ontrose, W. H . D avison, Herm an Besser, Fred L. R ich
ardson, P. H. H oeft, Donald McRae, Wm. H . Sanborn, Geo. B. H olm es, Wm. A. C omstock.
Resources.
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
$436,064 67
■400,856 18
$457,756 01
424,797 07
$401,668 76
507,029 90
$437,841 00
457,087 60
$372,586 10
459,384 21
Savings departm en t.........................
623,237 93
641,386 28
639,811 48
652,352 22
669,581 97
O verdrafts.............................................. ..
E xpenses, interest and ta x es paid,
1,913 15
1,018 50
1,009 26
396 94
1,357 35
B anking h o u se ........................................
Furniture and fix tu res........................
34,707 24
3,000 00
34,707 24
3,000 00
34,707 24
3,000 00
34,707 24
3,000 00
34,607 24
3,000 00
6,900 63
13,743 07
22,305 37
15,750 19
56,436 87
18,832 47
135,971 66
13,844 14
63,343 34
40,634 31
144,925 12
42,717 56
221,628 67
62,754 50
271,750 05
10,425 33
3,545 45
1,035 41
4,428 70
2,415 90
15,279 00
50.000 00
13,641 00
44.500 00
3,159 00
50.000 00
6,686 00
45.000 00
4,861 00
45.000 00
187 50
25.000 00
395 00
24.500 00
5,080 00
20.000 00
282 50
25.000 00
105 00
25.000 00
Silver coin:
Commercial d ep artm en t................
9,870 00
4,008 00
6,000 00
8,113 00
8,555 00
7,285 00
N ickels and cents:
Commercial d ep artm en t................
804 79
581 53
395 96
597 96
360 68
Checks and other cash it e m s ...........
3 68
62 50
29 59
16 25
17 50
T o ta ls................................................ $1,773,054 23 $1,750,829 13 $1,882,904 40 $1,956,047 83
$2,016,503 37
D ue from other banks and bankers,
Item s in tr a n s it.....................................
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
check .....................................................
Commercial certificates of d e p o s it..
$100,000 00
125,000 00
$100,000 00
125,000 00
$100,000 00
125,000 00
$100,000 00
125,000 00
$100,000 00
125,000 00
3.442 43
1,199 43
585 00
418 59
220 00
1,569 37
20 00
448 07
40 00
216,339 78
2.443 88
185,012 53
150 28
204,984 93
422 53
201,206 42
24,877 35
226,750 18
24,605 20
65,993 44
D ue to banks and ban kers................
Savings d ep o sits..................................... 1,108,793 58
131,041 12
Savings certificates of d e p o s it.........
20,000 00
R eserved for taxes, interest, e t c . . .
77,404 30
1,131,246 65
130,230 94
25,000
109,665
1,187,804
121,388
8,000
00
25
74
36
00
15,000
128,927
1,222,485
136,961
00
70
63
36
T o ta ls................................................ $1,773,054 23 $1,750,829 13 $1,882,904 40 $1,956,047 83
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10,000
103,552
1,228,249
192,857
5,000
00
92
42
58
00
$2,016,503 37
STATE
BANKS
OF
17
M ICH IGAN .
No. 302.
T H E FA R M ER ’S STATE BANK OF ALTO, ALTO.
Organized October 18, 1904.
John Q. Watts, President; Edson O’Harrow, V. C. Walton, V ic e P r e s id e n t s ;
Frank E. Campau, C a s h ie r ; C. M. Campau, 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 dson O’Harrow, J. Q. W atts, V. C. W alton, F. E . Campau, Fred C. Tillyer,
Charles B ancroft.
Resources.
R eport of
Report of
S^ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l -
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
$40,149 89
36,494 05
$25,798 28
60,586 12
$28,663 48
43,783 45
$34,968 66
50,680 40
$36,615 28
49,852 98
Savings d ep artm en t.........................
72,320 00
72,030 00
77,640 00
75,915 00
73,989 50
O verdrafts................................................
E xpenses, interest and ta x es paid,
10 00
33 84
10 00
3 50
22 92
B anking h o u se .......................................
Furniture and fix tu r es........................
2,500 00
800 00
2,500 00
800 00
2,500 00
800 00
2,500 00
800 00
2,500 00
800 00
1,359 17
1,849 86
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
7,743 58
17,932 66
3,000 00
11,487 17
3,000 00
16,884 55
3,000 00
13,671 49
3,000 00
13,088 12
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
1,000 00
1,291 00
2,000 00
1,178 00
800 00
1,776 00
1,000 00
1,394 00
2,900 00
1,008 00
Savings d ep a rtm en t........................
4,965 00
4,495 00
4,785 00
5,035 00
5,140 00
352 80
427 25
130 00
892 05
1,078 20
545 05
522 75
72 65
847 15
7 14
7 03
27 08
32 04
41 14
34 22
21 07
29 68
$187,359 57
$186,839 44
$181,796 04
$190,056 92
$195,503 66
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
2,826 80
112 00
358 32
1,512 00
1,264 47
189 00
1,286 09
182 00
462 83
182 00
25,615 15
28,027 19
23,437 99
24,553 83
28,826 80
D ue from other banks and bankers,
Item s in transit ...................................
U nited States bonds:
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fund .......................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
paid
.................................................
D ividends u n p a id ..................................
Commercial deposits subject to
check ......................................................
Commercial certificates of d ep osit..
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R csciv cd for taxes^ in.t crest * e t c . •
T o ta ls..............................................
3
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3,002 96
2,611 20
23 22
50 93
76,434 93
57,370 69
76,463 95
55,477 98
$187,359 57
$186,839 44
79,189 28
59,845 72
79,424 99
61,556 11
$181,796 04 I $190,056 92
$195,503 66
75,923 71
55,980 87
18
S T A T E B A N K IN G D E P A R T M E N T .
No. 48.
ANN ARBOR SAVINGS BANK, ANN ARBOR.
Organized February 4, 1869.
Reorganized December 9, 1889.
Charles E. Hiscock, P r e s id e n t ; W. D . Harriman, V ic e P r e s id e n t ; Michael J. Fritz, C a s h ie r Carl F. Braun, William L. Walz, A s s i s t a n t C a s h ie r s .
Directors,—Charles E. H iscock, D avid R insey, W m. D . Harriman, W alter C. Mack, M. J. Fritz.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se .......................................
Furniture and fix tu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
D ue from U. S. treasu rer..................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t...............
Gold co in :
Commercial d ep artm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ...........
T o ta ls....................................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$669,182 05
100,000 00
$690,132 51
100,000 00
$695,435 96
80,000 00
$677,025 54
120,000 00
$649,842 82
150,000 00
1,620,628 05
1,603,889 48
1,561,171 64
1,586,062 21
1,563,947 95
2,998 65
2,275 55
4,965 22
1,968 16
4,804 65
30,000 00
7,642 24
30,000 00
11,281 63
30,000 00
13,674 84
30,000 00
13,674 84
30,000 00
14,088 34
23,199 95
21,424 95
19,743 17
19,438 97
19,358 24
14,024 94
32,500 00
18,879 65
22,733 05
47,048 32
20,753 15
12,000 00
12,000 00
12,000 00
12,000 00
12,000 00
29,852 25
95,955 22
16,740 13
103,843 63
43,069 21
156,762 19
17,125 37
102,994 65
22,894 29
121,048 28
3,642 36
4,486 89
5,021 31
3,441 62
3,601 09
10,000 00
98,791 00
12,000 00
111,264 00
17,512 00
100,000 0Q
10,000 00
109,165 00
16,375 00
57.000 00
5,000 00
60,265 00
16,000 00
49,715 00
10,057 00
50.000 00
5,362 50
54,835 00
5,352 50
55.000 00
4,056 00
20,944 00
7,370 00
21,630 02
5,000 00
29.000 00
4,000 00
31,000 00
1,000 00
30.000 00
1,907 35
1,097 07
1,581 38
1,568 58
1,163 78
497 65
3,390 98
858 54
801 26
577 32
$2,813,702 71 $2,869,921 49 $2,858,585 51 $2,847,512 02
$2,778,807 41
3,116 00
L iabilities.
Capital stock paid in ............................
$300,000 00
Surplus fu n d ............................................
50,000 00
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
27,903 42
D ividends u n p a id ..................................
187 00
Commercial deposits subject to
c h e c k ......................................................
370,552 64
Commercial certificates of d e p o s it..
Certified c h e c k s......................................
1,114 10
Cashier’s checks o u tsta n d in g ............
1 20
State m onies on d e p o s it.....................
D ue to banks and ban kers................
55,361 08
Savings d ep o sits..................................... 1,876,643 14
Savings certificates of d e p o s it.........
131,940 13
Reserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le...........................................
$300,000 00
50,000 00
$300,000 00
50,000 00
$300,000 00
50,000 00
$300,000 00
75,000 00
27,454 61
595 00
36,241 87
482 00
44,791 01
348 00
19,844 13
506 00
429,342 90
415,466 25
365,483 52
354,388 26
2,014 10
1 20
1,710 50
151 37
649 13
176 20
600 00
1 20
54,780 57
1,871,461 87
134,271 24
65,599 69
1,852,895 97
136,037 86
70,007 30
1,869,181 31
146,875 55
39,471 59
1,852,979 78
136,016 45
T o ta ls................................................ $2,813,702 71 $2,869,921 49 $2,858,585 51 j12,847,512 02
$2,778,807 41
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE
BANKS
OF
M ICH IGAN.
19
No. 26.
FA R M ER S’ AND MECHANICS’ BANK, ANN ARBOR.
Organized October 13, 1882.
R. Kempf, P r e s id e n t ;
Directors.— R .
H. G. Prettyman, V ic e P r e s id e n t ; H .
F.
T. Stowe, A s s i s t a n t C a s h ie r .
A. Williams, C a s h ie r ;
Kem pf, W. F. Breakey, D . F. Schairer, J. E. Beal, O. M. Martin, H . G. P rettym an,
R. A. Jenney, G. S. Vandawarker.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se .......................................
Furniture and fix tu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$190,392 78
127,313 21
$179,875 35
141,476 46
$171,140 54
138,625 41
$189,556 82
118,666 05
$194,310 19
112,539 05
125,227 31
400,369 92
93,727 31
417,559 93
107,009 00
413,394 93
103,609 00
435,058 70
96,716 04
435,708 89
2,194 65
1,029 30
2,109 65
1,597 56
2,336 65
1,625 71
2,296 65
502 36
2,151 65
4,139 13
25,000 00
4,500 00
25,000 00
4,500 00
25,000 00
4,500 00
25,000 00
4,500 00
25,000 00
4,500 00
800 00
1,000 00
1,000 00
1,000 00
1,000 00
230 00
1,263 50
606 75
5,421 93
2,778 27
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
52,950 19
50,976 51
32,724 13
41,270 20
67,114 37
53,872 68
40,301 93
49,254 93
11,349 29
54,416 92
2,595 57
4,387 33
8,951 32
4,804 42
3,200 19
23,726 19
11,739 00
23,721 00
15,112 00
26,863 00
11,764 00
24,392 00
21,900 00
24,369 00
13,082 00
15,321 00
1,882 50
19,285 00
1,385 00
19,217 50
4,415 00
19,242 50
5,687 50
20,132 50
4,645 00
15,120 00
2,941 35
124 30
4,954 45
68 75
4,657 50
74 60
6,693 55
157 60
4,063 10
38 70
327 03
11 34
941 00
322 73
15 83
1,791 91
369 12
25 59
1,855 30
220 50
27 85
363 66
359 06
22 30
273 80
T o ta ls................................................ $1,058,939 29 $1,030,786 58 $1,067,826 07 $1,067,920 72
$1,031,260 58
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ...........
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, current expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d e p o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ...........
S tate monies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills p a y a b le...........................................
$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
54,172 45
54,353 14
375 00
55,357 72
50 00
56,659 85
57,906 39
50 00
230,462
65
157
931
58
00
56
37
190,352
65
37
495
82
00
56
88
87
00
00
00
215,038 71
65 00
56,912 27
559,338 32
100,291 89
37,732 18
563,620 66
94,071 26
35,134 20
545,668 92
97,692 78
T o ta ls................................................ $1,058,939 29 $1,030,786 58 $1,007,826 07 $1,067,920 72
$1,031,260 58
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
36,871 72
538,984 22
97,294 39
28,521 58
549,472 37
107,113 23
195,275
65
375
160
733 06
191,089
65
28
3,625
08
00
85
36
S T A T E B A N K IN G D E P A R T M E N T .
20
No. 333.
T H E GERMAN-AMERICAN SAYINGS BANK, ANN ARBOR.
Organized Ju n e 28, 1905.
Clement W. Gill, P r e s id e n t ; Geo. J. Mann, Chas. W. Wagner, V ic e P r e s id e n t s ;
Edward L. Seyler, C a s h ie r .
Directors.— Clement W. Gill, Geo. J. Mann, John M. Feiner, George Walker, John L indenschm itt,
Fred Jedele, Chas. W . W agner, Edward L. Seyler.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Prem ium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings............................
B anking house, interest i n .................
Furniture and fix tu r es ........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it......................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
check ......................................................
Commercial certificates of dep o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g............
S tate m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$130,163 27
53,499 04
$112,750 77
42,400 00
$124,581 25
39,842 00
$149,816 55
33,105 00
$112,024 39
58,530 03
146,989 53
162,200 24
168,839 44
198,584 25
14,500 00
194,716 75
990 07
1,866 24
759 18
946 04
2,041 58
5,000 00
7,288 25
5,000 00
7,288 25
5,000 00
7,288 25
5,000 00
7,288 25
5,000 00
7,288 25
1,450 29
2,926 33
3,144 99
526 93
2,858 58
13,397 56
25,130 99
17,585 32
24,562 07
36,518 01
29,566 54
36,205 58
35,477 18
10,092 07
31,284 53
1,624 80
1,000 00
2,871 29
1,134 91
61 67
1,000 00
996 12
1,600 00
4,163 00
10,000 00
4.000 00
10,944 00
4,669 00
13,500 00
6,134 00
10,000 00
5,335 00
9.000 00
575 00
1,000 00
1,385 00
267 35
3,400 00
1,712 35
2,000 00
712 35
3.000 00
2,308 00
700 00
1.000 00
1,353 15
946 40
1,000 00
728 00
500 00
700 00
1.000 00
61 58
44 97
310 94
40 22
256 95
25 13
44 84
201 56
53 28
72 41
68 25
$405,386 35
$398,483 82
$440,784 24
$489,340 64
$460,820 31
$50,000 00
5,000 00
$50,000 00
6,500 00
$50,000 00
6,500 00
$50,000 00
6.500 00
$50,000 00
10,000 00
2,938 99
6 00
1,214 40
279 00
1,691 92
24 00
6,118 00
9 00
1,174 63
9 00
90,202 07
18,866 41
17 25
82,056 54
15,549 20
90,133 59
24,376 62
1,785 00
10,000 00
238,355 63
242,884 68
256,273 11
$405,386 35
$398,483 82
$440,784 24
120,068
14,405
12
1,999
7.500
2,007
272,993
7,726
09
91
76
00
00
17
93
78
$489,340 64
84,444
8,124
23
107
5,000
2,735
284,102
15,098
85
32
74
50
00
71
34
22
$460,820 31
21
STATE BANKS OP MICHIGAN.
No. 144.
STATE SAVINGS BANK OF ANN ARBOR, ANN ARBOR.
Organized November 18, 1892.
W. J. Booth, P r e s id e n t ; Wm. Arnold,
V ic e P r e s id e n t ;
C. John Walz,
C a s h ie r .
D i r e c t o r s .— W illiam J. B ooth, John Y . Sheehan, W m. Arnold, Jam es H . W ade, John Koch, Christian
Martin, H. S. Carhart, V. C. V aughan, E . F. Mills, D aniel F. Zimmerman, H . W . D ouglas, A. R . P eter
son, Arthur Brown, W. W . W adhams.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$292,715 16
92,328 00
$241,492 98
94,257 00
$306,066 70
97,957 00
$350,118 39
88,371 25
$274,736 06
149,837 03
28,800 00
656,057 42
24,800 00
649,436 74
24,800 00
661,385 28
24,800 00
683,200 28
24,800 00
672,094 08
12,247 97
139 62
1,818 73
88 65
133 04
772 46
25,000 00
7,000 00
25,000 00
7,000 00
25,000 00
6,000 00
25,000 00
6,000 00
25,000 00
6,000 00
10,601 89
11,004 88
3,362 67
2,734 33
1,341 43
2,335 14
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
32,035 42
86,850 80
26,963 37
95,450 95
26,644 91
122,431 14
40,464 54
83,171 40
27,363 85
85,516 53
4,059 54
3,068 53
1,846 51
4,068 77
6,122 85
21,944 00
20,000 00
27,549 00
20,000 00
21,835 00
20,000 00
20,121 00
20,000 00
12,762 00
21,000 00
à i,4ÓÓ 00
31,816 87
31,245 00
30,085 00
32,250 00
2,803 85
2,187 00
2,630 20
2,877 40
3,402 40
172 65
421 52
142 56
228 39
349 50
127 69
24 50
83 01
511 59
139 95
T o ta ls................................................ $1,334,284 01 $1,272,292 07 $1,361,518 63 $1,391,885 38
$1,355,823 28
D ue from board of ed u ca tio n ...........
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se .......................................
Furniture and fixtures........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ........................................................
D ividends un p aid ......................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of deposit
Certified c h e c k s................... . T.........
Cashier’s checks o u tsta n d in g ............
S tate m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, etc
N otes and bills rediscounted
B ills p a y a b le.........................................
$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
29,163 91
28,334 41
375 00
29,404 81
31,316 30
34,176 30
299,854 26
236,179 20
313,460 92
313,242 81
263,812 76
10,000
7,343
803,214
84,707
8,702 18
800,075 14
98,626 14
10,000
15,962
800,648
92,042
7,500
17,374
824,676
97,775
5,000
6,424
833,076
113,332
00
89
57
38
00
08
70
12
00
41
36
50
T o ta ls................................................ $1,334,284 01 $1,272,292 07 $1,361,518 63 $1,391,885 38
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
60
98
64
$1,355,823 28
22
STA TE BAN KING D EPA R TM EN T.
No. 228.
* ARMADA SAVINGS BANK, ARMADA.
Organized F ebruary 13, 1901.
Bert C. Preston, P r e s id e n t ; George H . Hebblewhite, V ic e P r e s id e n t ; J. E. Macaulay, C a s h ie r ;
Charles F. Lathrop, A s s i s t a n t C a s h ie r .
Directors.— Bert C. Preston, George W. H ebblew hite, John L. Preston, Frank E. Lathrop,
Jam es H . M cDonald.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fixtu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s ...........
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep osit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
Due to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills pa y a b le............................................
T o ta ls...................... .........................
Report of
Report of
N ov. 1 0 , ’1 0 . Jan. 7, ’l l .
$38,200 00
83,102 00
12,000 00
148,575 00
4,176 56
3,700 00
2,000 00
2,791 37
5,000 00
38,578 74
4,500 00
7,739 00
1,685 00
1,451 70
181 74
71 54
$353,752 65
$25,000 00
5,000 00
4,342 44
28,471 14
30,345 68
1,116 75
259,476 64
$353,752 65
*V oluntary liquidation D ecem ber 17, 1910.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
STATE
BANKS
OF
M ICH IGAN .
23
No. 468.
*TH E ARMADA STATE BANK, ARMADA.
Organized N ovember 10, 1910.
Bert C. Preston, P r e s id e n t ; Sabin I. Stump, V ic e P r e s id e n t ; J. E . Macaulay, C a s h ie r ;
Charles F. Lathrop, A s s i s t a n t C a s h ie r .
Directors.— Frank E. Lathrop, James E. Lawson, George H . H ebblew hite, Bert C. Preston,
W illiam C. B ottom ley, Jam es H . Spencer, Sabin I. Stum p.
R esources.
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t......... ..
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve cities. . ........................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
R eport of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$7,000 00
16,030 38
$36,000 00
106,382 22
$25,000 00
104,469 98
$38,000 00
89,325 79
500 00
92,600 00
122,050 00
114,050 00
2,404 48
280 56
30 69
1,176 18
15 96
4.000 00
2.000 00
258 65
4.000 00
2.000 00
2,252 82
4.000 00
2.000 00
1,026 19
4.000 00
2.000 00
1,356 07
2,712 00
140 00
2,244 56
5,000 00
41,253 15
5,000 00
40,461 19
5,000 00
25,788 23
5,000 00
41,421 07
5,000 00
8,289 00
5,000 00
1,856 00
5,000 00
13,276 00
5,000 00
6,951 00
340 00
1,055 00
1,860 00
1,680 00
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
1,410 00
794 80
1,341 90
964 65
157 55
77,576 12
169 71
253 34
50 14
184 01
86 92
T o ta ls................................................
$172,332 71
$298,570 13
$312,513 10
$313,110 37
$25,000 00
$25,000 00
$25,000 00
$25,000 00
28,278 15
31,805 73
21,399 08
23,499 30
19,711 73
17,911 67
520 00
330 88
115,827 68
2,706 88
215,473 15
25,960 37
242,614 72
250,486 97
$172,332 71
$298,570 13
$312,513 10
$313,110 37
Liabilities.
Capital stock paid in ............................
Surplus fund ..........................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
paid
...................................................
Di vi d ends 11n pai d ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of deposit,..
Certified checks
..............................
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it.....................
O ne, to hanks and bankers................
Savings d ep o sits.....................................
Ravings certificates of d e p o s it.........
Reserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
Bills p a y a b le...........................................
T o ta ls................................................
*Commenced bu siness D ecem ber 31, 1910.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S T A T E B A N K IN G D E P A R T M E N T .
24
No. 473.
*THE FA RM ERS STATE BANK OF ARMADA, ARMADA.
Organized December 4, 1910.
Wesley A. Dudley, P r e s id e n t ; Chester S. Priest, V ic e P r e s id e n t ; Charles J. Kesner, C a s h ie r .
Directors.— W esley A. D udley, Chester S. Priest, D avid H . Barrows, Alex B. Anderson,
Chas. F . Brockm an, Geo. W . Bearss, Jesse D . Sim m ons.
R esources.
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fix tu res........................
R eport of
Mar. 7, ’l l .
$1,030 27
$23,335 76
7,827 98
$23,596 38
16,485 47
1,058 00
17,325 60
20,367 58
2 16
54 37
3,902 61
948 16
3,915 51
948 16
2,769 16
7,714 52
6,738 52
1,684 55
15,575 22
9,836 00
460 00
1,700 00
1,650 00
2,063 00
2,000 00
1,065 00
1,215 00
970 00
700 00
390 09
3,568 77
899 76
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
499 71
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash it e m s ...........
91 20
1 50
206 30
50 00
136 30
50 00
32 89
21
1,014 20
14 49
103 00
66 43
9 38
262 66
T o ta ls................................................
$30,431 28
$65,019 58
$88,885 01
$17,670 00
$25,000 00
$25,000 00
37 34
247 16
5,959 15
8,450 20
Liabilities.
Capital stock paid in ............................
Surplus fu n d .* ........................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
check .....................................................
Commercial certificates of d ep osit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red iscou n ted ............
B ills p a y a b le............................................
T o ta ls................................................
♦Commenced business February 23, 1911.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3,527 05
23 05
'1
9,084 23
150 00
32,255 04
1,745 00
53,087 65
2,100 00
$30,431 28
$65,019 58
$88,885 01
STATE BANKS OF MICHIGAN.
25
No. 213.
*A TH ENS STATE AND SAVINGS BANK, A TH ENS.
Organized April 15, 1899.
George W . Brokaw, P r e s id e n t ; Aaron H. Harrison, V ic e P r e s id e n t ; E . E . Overholt, C a s h ie r ;
W . B. Funk, A s s i s t a n t C a s h ie r .
Directors.— Geo. W . Brokaw, S. W . H olm es, A. H . Harrison, Robert H . Lewis, Fred A. Bower.
Chas. A. Standiford, F . E. Bow m an.
Resources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts.................... ............................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fixtu res.........................
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
*
$24,697 46
3,184 00
$22,345 77
4,576 80
5,046 89
26,203 45
31,148 34
221 55
76
5,000 00
1,975 00
•
5,000 00
1,975 00
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t............. ...........
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ...........
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fund .......................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
paid
D ividends un p aid ..................................
Commercial deposits subject to
check .
Commercial certificates of deposit..
Certified c h e c k s......................................
Cashier’s checks outstan ding. . .
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings deposits
Savings certificates of deposit,
R eserved for taxes, interest, e t c . . .
N otes and bills red iscoun ted............
B ills p a y a b le............................................
T o ta ls................................................
7,850 70
4,500 00
1,832 50
4,500 00
2,058 00
1,130 00
1,015 00
1,100 00
1,370 00
92 50
1,400 00
750 70
829 50
62 11
108 39
167 93
155 52
$84,217 79
$76,080 08
$15,000 00
5,000 00
$15,000 00
5,000 00
395 48
6 45
12,263 75
10,574 12
7,491 15
8,219 62
18,385 16
22,599 28
18,326 12
22,036 74
$84,217 79
$76,080 08
C o n so lid a ted w ith Farm er’s State B ank of A thens, January 20, 1911.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
26
ST A T E BAN KING D EPA R TM EN T.
No. 414.
*TH E FA R M E R ’S STATE BANK OF A THENS, ATHENS.
Organized N ovember 28, 1908.
Frank G. Woodruff, P r e s id e n t ; Simon B. Hartman, Geo. W. Brokaw, V ic e P r e s id e n t s ;
Frank E. Estes, C a s h ie r ; Elmer E. Overholt, A s s i s t a n t C a s h ie r ; David Miller, A u d i t o r .
Directors.— L. T. Morris, E . D. Albertson, A. L. W ood, Frank Wolf, Geo. W. Brokaw,
Frank G. W oodruff, Fred A. Bower, S. B . H artm an, John Stanton, F. E. E stes, S. W. Lehr.
Resources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Sa.vi n gs d epartment,.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
"Ranking h o u se ........................................
Furniture and fix tu r es........................
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$56,523 53
9,400 00
$67,600 32
5.000 00
$67,659 44
$57,289 16
3.000 00
$56,929 88
3.000 00
7,000 00
27,860 00
7.000 00
26,210 00
7,000 00
58,050 34
7.000 00
58,125 34
6.000 00
57,024 90
1,331 00
1,331 00
5,000 00
3,246 75
5,000 00
2,999 09
5,000 00
2,999 09
8,927 56
4,500 00
3,715 09
4,000 00
10,749 61
6,000 00
13,837 45
9,502 29
2,913 77
7,037 59
3,764 00
1,450 00
3,500 00
1,345 00
3,300 00
2,500 00
1,405 00
2,995 00
2,682 00
3,020 00
850 00
655 00
550 00
1,000 00
505 00
480 00
946 45
650 50
788 95
462 10
201 50
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.................................. .
U nited States bonds:
Savings departm en t.................. ..
D ue from banks in reserve cities:
Cnmmereial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Cheeks and other rash ite m s ............
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
check ......................................................
Commercial certificates of dep o sit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it.....................
D ue to banks and ban kers................
D eposit liquidation a cco u n t..............
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
60 04
49 50
175 72
92 00
31 28
17 44
64 77
283 56
281 59
116 48
$122,630 02
$121,121 18
$166,304 37
$162,494 02
$147,436 49
$30,000 00
1,200 00
$30,000 00
3,000 00
$30,000 00
3,000 00
$30,000 00
3,000 00
$30,000 00
3,000 00
1,479 13
546 00
53 72
897 42
876 90
30,034 00
15,798 02
36,041 24
13,842 35
43,324 38
6,958 98
32,144 45
21,234 19
905 60
29,199 10
11,609 27
15,950 36
28,168 51
17,709 68
19,981 91
69
24,662
29,764
28,471
15
44
16
54
10,799 85
32,580 79
30,931 72
5,016 76
36,920 23
30,814 23
$122,630 02
$121,121 18
$166,304 37
$162,494 02
$147,436 49
*N am e changed to A thens State Bank, January 20, 1911.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
27
No. 418.
T H E P E O P L E ’S STATE SAYINGS BANK, AUBURN.
Organized Jan u ary 6, 1909.
Curtis W. McPhail, P r e s id e n t ; Clarence H. Macomber, Wm. J. Bierd, V ic e P r e s id e n t s ;
E. M. Hollister, C a s h ie r .
Directors.—C. W . M cPhail, C. H . Macomber, E . M. H ollister, W m. J. Bierd, Jos. Bierd.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t....................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t............. ..
Premium a cco u n t..................................
O verdrafts.......................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se .....................................
Furniture and fixtures...............
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it...................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t......................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ............
T o ta ls..................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ......................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep osit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
*24,309 36
1,510 00
*21,413 31
3,107 08
$21,189 57
1,037 08
*21,829 69
$26,445 82
63,652 41
70,164 05
71,570 03
5,755 00
83,240 00
2,975 00
93,962 45
47 40
28 27
59 46
37 95
2,200 00
1,900 00
2,200 00
1,900 00
2,200 00
1,900 00
2,200 00
1,950 00
2,200 00
1,950 00
378 27
1,092 73
838 90
763 50
772 07
10,512 39
8,000 00
21,615 49
11,000 00
22,429 68
15,000 00
12,156 42
17,600 69
899 68
9,822 52
200 00
2,427 00
1,500 00
1,745 00
2,392 00
3,200 00
961 00
4,150 00
2,000 00
3,632 00
1,015 00
1,104 80
69 80
1,100 00
44 80
1,100 00
1,414 80
• 38 00
326 45
235 00
51 45
93 80
200 00
159 25
300 00
229 45
01
76 98
18 00
2 94
25 56
280 00
23 96
*116,611 27
.
65 84
10 20
138 77
2,127 06
84 30
63 74
3 95
$137,465 68
$143,435 67
$154,120 83
*146,793 73
$20,000 00
400 00
*20,000 00
500 00
$20,000 00
500 00
$20,000 00
500 00
*20,000 00
700 00
1,016 31
209 01
336 00
1,272 77
1,916 74
.755 49
16,617 16
1,551 96
27,195 42
1,747 31
27,714 69
1,835 00
25,593 40
16,161 82
20 00
18 03
77,025 84
87,477 94
92,113 21
106,090 69
109,158 39
$116,611 27
*137,465 68
$143,435 67
*154,120 83
$146,793 73
STATE
28
B A N K IN G D E P A R T M E N T .
No. 420.
T H E STATE BAN K O F AUGUSTA, AUGUSTA.
Organized February 8, 1909.
Charles C. Wood, P r e s id e n t ; Albert U . King, V ic e P r e s id e n t ; Claud*M. Faude, C a s h ie r ;
Lynn T. Hulett, 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 C. W ood, Albert U . King, Claud M. Faude, Joseph Hudson, W . E. Taylor,
E dw in A. W ildey, Charles B. Scudder.
R esources.
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
$55,106 46
5,185 00
$52,121 53
2,535 00
$56,728 76
2,537 50
$45,625 97
2,540 83
$42,361 66
3,500 00
Savings departm en t.........................
10,030 00
15,105 00
13,955 00
13,495 00
11,415 00
O verdrafts................................................
E xpenses, interest and ta x es paid,
717 19
261 32
26 89
556 49
761 27
89 27
2,500 00
1,712 28
2,500 00
1,712 28
117 18
2,500 00
1,712 28
2,500 00
1,712 28
283 28
2,500 00
1,712 28
3,409 35
1,088 91
3,427 82
1,088 91
3,522 84
1,673 78
1,574 02
2,748 16
1,495 40
661 00
500 00
1,741 00
2,000 00
733 00
1,410 00
3,171 00
1,020 00
1,000 00
180 00
490 00
120 00
1,000 00
10 00
231'75
1,100 00
677 45
140 05
300 00
499 55
690 35
276 86
252 03
288 49
Checks and other cash ite m s ...........
161 08
27 40
260 00
62 66
266 58
445 44
358 51
11 39
T o ta ls................................................
$82,949 15
$84,357 78
$84,063 56
$75,094 01
$69,797 28
$20,000 00
500 00
$20,000 00
500 00
$20,000 00
500 00
$20,000 00
500 00
$20,000 00
1,000 00
B anking h o u se ........................................
Furniture and fix tu res........................
D ue from other banks and bankers,
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Silver coin:
Commercial d ep a rtm en t................
N ickels and cents:
Commercial d ep a rtm en t................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ...........................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
j_
_
_
_
1
30 00
218 62
263 38
lin
m
i'H
Commercial deposits subject to
check ......................................................
Commercial certificates of d e p o s it..
20,975 02
5,691 77
24,152 04
6,285 21
25,805 93
8,111 24
29,400 28
9,075 39
23,563 58
8,066 25
5,000 00
5,000 00
1,500 00
Savings d ep o sits.....................................
18,009 73
15,340 73
20,527 73
17,457 27
16,860 03
N otes and bills red isco u n ted ............
10,522 25
9,778 00
6,406 00
5,251 33
T o ta ls................................................
$82,949 15
$84,357 78
$84,063 56
$75,094 01
St Htu mnnjps on dp,posit,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$69,797 28
STATE
BANKS
OF
M IC H IG A N .
29
N o . 236.
STA TE B A N K OF F R A N K W . H U B B A R D
& C O ., B A D A X E .
O r g a n iz e d J u ly 1 0 , 1 9 0 1 .
F r a n k W . H u b b a r d , P r e s id e n t ; J ohn R y a n , J oseph N . R a n k in , V ic e P r e s i d e n t s ; J ohn R y a n , C a s h ie r ;
James L. B u r g ess , A s s i s t a n t C a s h ie r .
D irectors .— F rank W. Hubbard, E lizabeth L. H ubbard, John R yan, Maggie R yan, Joseph N . R ankin,
Jam es L. Burgess.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Report of I R eport of
Mar. 7, ’l l . June 7, ’l l . Sept. 1, ’l l .
$210,704 45
63,215 22
$194,231 20
59,052 55
$188,059 52
70,958 06
$208,128 76
75,058 74
$198,875|77
90,548 95
13,025 00
109,479 21
11,575 00
111,120 33
10,075 00
101,008 54
10,075 00
97,757 84
101,840 59
O verdrafts................................................
E xpenses, interest and ta x es paid,
3,291 49
4,276 51
3,104 15
281 64
3,125 74
B anking h o u se ........................................
Furniture and fix tu r es........................
11,000 00
1,022 02
11,000 00
1,046 22
11,000 00
1,046 22
11,000 00
1,046 22
11,000 00
1,046 22
Other real e s t a t e ...................................
D ue from other banks and bankers,
1,873 01
1,250 00
1,250 00
1,250 00
1,250 00
2,325 30
6,240 80
1,564 55
702 36
U nited States bonds:
1
|
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t............. ...........
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur. rent expenses, interest and taxes
p a id ........................................................
24,526 11
19,360 30
50,244 81
20,577 70
24,245 32
20,594 87
26,787 96
20,990 97
10,530 41
22,613 38
4,831 78
10,785 76
2,809 87
5,311 65
1,806 54
17,679 00
2,000 00
2,868 00
2,000 00
7,207 00
2,170 00
8,583 00
2,380 00
7,271 00
4,200 00
320 00
7,600 00
95 00
8,100 00
245 00
8,100 00
360 00
8,100 00
40 00
8,690 00
1,100 00
60 70
1,186 35
178 00
1,850 35
8 00
1,360 60
2 50
1,202 45
12 00
151 85
17 90
3,969 76
191 30
60
3,105 91
143 45
60
1,680 34
193 42
221 46
931 47
747 40
$495,930 16
$492,885 24
$457,881 59 | $485,840 57
$466,587 05
$30,000 00
10,000 00
$30,000 00
10,000 00
$30,000 00
10,000 00
$30,000 00
10,000 00
$30,000 00
10,000 00
kq
28,150 80
31,263 21
25,976 34
27,480 51
28,926 65
Commercial ‘deposits subject to
c h e c k ......................................................
233,500 54
223,542 63
190,606 03
210,960 97
173,099 99
D ue to banks and ban kers................
100 36
3,346 07
1,152 53
131 36
126 11
Savings certificates of d e p o s it.........
194,178 46
194,733 33
200,146 69
207,267 73
224,434 30
T o ta ls................................................
$495,930 16
$492,885 24
$457,881 59
$485,840 57
$466,587 05
............................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
%
STATE
30
B A N K IN G
DEPARTM ENT.
No. 237.
STATE SAVINGS BANK O F BAD A XE, BAD AXE.
Organized June 22, 1901.
Albert
E.
Sleeper,
P r e s id e n t ;
Directors.— Albert
Allison L. Wright, V ic e P r e s id e n t ; James Baldwin,
Japheth Hind, A s s i s t a n t C a s h ie r .
E. Sleeper, Allison L. W right, James B aldw in, Clara Baldwin,
Charles D . Thom pson.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savi n gs d opart,m on t,..
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm ent,.. . .
Prom i n m aeooi i n t,..
O verdrafts................................................
E xpenses, interest and ta x es paid,
ex reed i n g earnings
B anking h o u se .......................................
Furniture and fixtures.........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not, reserve eities
Item s in transit,
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savi n gs d epartm en t ..
E xchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.. . .
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep o sit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
11s p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
C a s h ie r ;
Report of . R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$214,997 20
$199,595 51
$237,308 86
$251,107 37
$267,463 91
84,104 85
92,294 47
75,366 40
15,055 00
58,116 00
57,270 12
12,250 00
77 44
467 16
386 30
242 76
304 62
8,750 00
2,500 00
8,750 00
2,500 00
8,750 00
2,500 00
8,750 00
2,500 00
8,750 00
2,500 00
5,476 40
5,513 90
5,330 58
5,328 45
5,176 59
61 25
1,445 02
71 25
24,798 80
52,760 25
63,231 74
69,698 26
35,427 76
2,063 30
850 68
5,849 31
154 71
669 11
352 97
17,079 00
11,698 00
15,177 00
16,392 00
14,744 00
700 00
4,475 00
4,515 00
4,440 00
4,580 00
4,567 50
1,497 55
1,290 60
1,465 90
841 45
891 20
97 00
190 62
156 82
194 83
197 60
121 85
269 47
59 95
1,532 16
127 36
61
178 21
$364,980 64
$387,105 51
$414,437 52
$435,010 66
$412,865 15
$25,000 00
10,000 00
$25,000 00
10,000 00
$25,000 00
10,000 00
$25,000 00
10,000 00
$25,000 00
10,000 00
9,899 99
14,364 59
14,304 92
14,345 71
12,945 97
85,631 20
234,449 45
84,487 21
253,253 71
110,570 08
254,562 52
129,871 19
255,793 76
100.403 79
249.404 48
15,110 91
$364,980 64
$387,105 51
$414,437 52
$435,010 66
$412,865 15
STATE BANKS OF MICHIGAN.
31
No. 337.
T H E STATE-EXCHANGE BANK, BANCROFT.
Organized April 24, 1906.
T. M. Euler, P r e s id e n t ;
Directors.—T.
C.
L. Parsons, E. P. Sherman, V ic e P r e s id e n t s ; E. G. Kay, C a s h ie r ;
È. E. Kay, A s s i s t a n t C a s h ie r .
M. Euler, E . P. Sherman, C. L. Parsons, H . W. Parker, A. Elsesser, E . E . Harris,
H . E. P ayn e. '
R esources.
Loans and discounts:
Commercial d ep artm en t................
Savings d ep artm en t........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and taxes paid,
exceeding earnings...........................
Banking h o u se .......................................
Furniture and fix tu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash it e m s ...........
T o ta ls.......................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d e p o sit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$111,545 56
$110,992 23
$106,368 50
$133,811 20
$131,536 10
70,149 53
68,982 78
66,741 05
66,416 05
1,550 00
64,488 33
185 70
2,898 39
185 70
474 91
185 70
1,573 42
185 70
623 43
185 70
724 20
686 67
7,500 00
3,768 14
7,500 00
3,766 00
1,108 07
7,500 00
3,766 00
1,126 25
7,500 00
3,762 00
577 96
7,500 00
3,761 00
2,420 34
494 59
1,396 88
10,952 54
3,302 85
12,066 71
5,214 41
9,870 27
10,201 43
9,315 65
8,827 96
7,053 04
14,586 36
3,731 00
7,879 00
7,853 00
6,739 00
5,158 00
1,085 00
6,000 00
1,395 00
6,000 00
1,405 00
6,000 00
2,480 00
6,000 00
675 00
8,000 00
856 15
902 00
974 65
959 10
934 90
212 07
4,145 56
169 95
146 68
172 56
187 59
190 52
157 96
108 21
50 00
22 50
$225,442 34
$226,157 97
$225,224 74
$247,983 93
$251,110 72
$20,000 00
1,500 00
$20,000 00
2,000 00
$20,000 00
2,000 00
$20,000 00
2,000 00
$20,000 00
2,000 00
103 52
12,734 11
107,789 13
21,419 96
114,616 77
14,654 61
114,134 79
19,301 27
124,210 71
15,962 54
121,303 26
10,710 70
72,708 40
11,278 10
56,739 62
12,295 09
62,140 25
13,848 23
68,623 72
15,286 35
76,558 57
$225,442 34
$226,157 97
$225,224 74
............... ...............
$247,983 93
$251,110 72
S T A T E B A N K IN G D E P A R T M E N T .
32
No. 62.
W EST M ICHIGAN SAYINGS BANK, BANGOR.
Organized April 8, 1880.
J. E . Sebring, P r e s i d e n t a n d C a s h ie r ; William Broadwell, V ic e P r e s id e n t .
Directors.— W m. Broadwell, J. E . Sebring, E m m a M cN ett, W illiam S. Charles, W m . H .
Chapman,
Olia Goss D e H aven, R ebecca Fausnaugh, Jam es P . R yan.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial departm ent ............
Savings departm en t.........................
Premium a cco u n t. . . .
O verdrafts................................
E xpenses, interest and ta x es paid,
exceeding earnings..................
B anking h o u se .....................................
Furniture and fix tu r es........................
Other real estate
D ue from other banks and bankers,
not reserve c itie s ................
Item s in tr a n s it.....................
U nited States bonds:
Savings d e p a r tm e n t...:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial departm ent
Savings d ep artm en t.........
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t..
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t..
Checks and other cash it e m s ............
T o ta ls.........................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................
D ividends un p aid ..
Commercial ‘deposits subject to
check ............................
Commercial certificates of deposit..
Certified c h e c k s. .
Cashier’s checks outstanding
State m onies on deposit
D ue to banks and bankers. .
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest etc
N otes and bills rediscounted
B ills p a y a b le.....................................
T o ta ls..............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$95,598 85
$98,864 48
$93,504 03
$79,291 94
$86,361 35
141,982 77
143,777 18
140,970 35
134,392 45
132,996 45
276 00
497 49
428 72
1,234 85
448 38
14,000 00
2,913 48
14,000 00
2,913 48
13,500 00
2,913 48
12,500 00
2,913 48
12,500 00
2,913 48
2,834 36
2,809 36
2,809 36
2,693 36
2,658 36
31,116 86
43,907 12
38,743 74
41,105 58
63,582 43
41,513 07
5,000 00
50,567 90
46,772 41
51,774 20
48,657 73
1,318 88
1,261 78
3,586 00
10,000 00
1,921 00
10,000 00
944 00
10,000 00
3,985 00
10,000 00
5,526 00
10,000 00
3,940 00
4,910 00
4,547 50
4,162 50
3,517 50
1,625 00
1,280 00
750 00
1,000 00
250 00
298 84
422 35
347 48
118 45
195 87
960 31
985 99
$375,714 49
$383-, 089 05
$350,738 90
$333,101 66
$363,448 88
$25,000 00
15,500 00
$25,000 00
15,500 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
1,852 73
2,771 62
510 38
875 83
480 67
85,207 23
45,663 06
103,049 61
41,060 01
83,155 74
40,907 80
78,452 65
42,902 56
94,035 54
50,089 88
44,961 17
157,530 30
42,801 27
152,906 54
42,947 95
153,217 03
42,624 88
138,245 74
52,330 72
136,512 07
$375,714 49
$383,089 05
$350,738 90
$333,101 66
$363,448 88
STATE BANKS OF MICHIGAN.
33
No. 444.
BARAGA COUNTY STATE BANK, BARAGA.
Organized June 2, 1909.
F. W.
Schwalm, P r e s id e n t ; John Beck, V ic e P r e s id e n t ; Samuel H . Knisely, C a s h ie r .
F. B. Knisely, A s s i s t a n t C a s h ie r .
Directors.— F.
W. Schwalm , N icholas Gerard, A lphonse Gauthier, John Beck, John Cosgrove,
S. H. K nisely.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
B onds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fixtures.........................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
$17,176 07
422 94
$15,516 64
627 53
$15,323 23
817 43
$15,448 66
364 78
$15,031 05
235 40
9,315 00
2,477 25
8,545 00
2,877 25
8,395 00
2,827 25
7,145 00
3,427 25
8,050 00
3,217 25
2,500 00
2,500 00
354 42
410 79
59 53
2,500 00
67
2,500 00
2,500 00
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
L iabilities.
Capital stork paid in ..........................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial 'deposits subject to
c h e c k ......................................................
Commercial certificates of d e p o s it..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and b an kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills p a y a b le ............................................
T o ta ls................................................
5
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Repent c f
June 7, ’l l . Sept. 1, ’l l .
2,835 78
1,944 92
2,736 11
1,989 22
8,080 45
2,000 00
16,326 66
2,000 00
10,055 25
3,500 00
2,500 00
1,300 00
790 00
3,000 00
2,417 00
2,000 00
2,300 00
600 00
1,200 00
793 00
300 00
755 00
40 00
70 00
24 00
8 00
74 00
55 00
110 00
148 50
374 00
4 20
38
2 99
76
14 45
82
155 54
95
73
03
02
$40,630 07
$38,633 50
$44,605 84
$50,933 45
$46,270 29
$20,000 00
1,000 00
$20,000 00
1,500 00
$20,000 00
1,500 00
$20,000 00
1,500 00
$20,000 00
1,500 00
650 71
281 15
333 32
851 74
1,049 73
12,177 85
100 07
9,979 30
55 25
13,816 85
20,162 45
525 00
14,121 47
50 00
531 95
275 04
1,399 73
1,391 50
1,492 91
2,909 49
3,260 00
3,782 76
2,760 00
4,095 94
3,460 00
4,624 29
1,878 47
5,772 71
2,283 47
$40,630 07
$38,633 50
$44,605 84
$50,933 45
$46,270 29
j
34
STA TE BAN KING D EPA R TM EN T.
No. 458.
T H E BARK R IV E R STATE BANK, BARK R IV E R .
' Organized A ugust 17, 1910.
John B. Frechette, P r e s id e n t ; Michael B. Harris, V ic e P r e s id e n t ; Edward J. Bergman, C a s h ie r ;
Anna Labre, A s s i s t a n t C a s h ie r .
Directors.— Theophile Labre, Fred Clairmo, Philetus Labre, Michael B. Harris, John B. Frechette,
Joseph B oyle, Ole H arstad, Edward J. Bergm an, John Gasman.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$34,633 23
$37,441 70
$33,010 16
$38,429 51
$39,722 97
950 00
1,150 00
2,250 00
9,530 00
9,100 00
Prem ium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
F u rn itu re and fix tu res........................
87 57
13 42
27 61
802 37
691 95
371 99
55 18
64 93
1,477 80
600 00
1,519 00
2,061 05
1,533 77
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
1,840 69
3,213 02
4,058 06
7,243 75
6,821 77
4,633 10
6,261 93
11,599 16
9,363 99
15,148 01
3,106 00
3,873 00
3,229 00
4,430 00
4,767 00
20 00
35 00
55 00
285 00
470 00
1,327 35
1,275 85
1,287 90
1,187 10
1,206 70
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Ehpcks and other cash ite m s ...........
T o ta ls................................................
L iabilities.
Capital stork paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
paid .....................................................
D ividends u n p a id ..................................
Commercial deposits subject to
check ...................................................
Commercial certificates of d ep o sit..
Certified c h e c k s ......................................
Cashier's cheeks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and b an kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
Bills n a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
44 26
99 80
95 05
92 53
87 74
106 25
148 43
233 04
262 29
$47,412 18
$54,213 43
$57,670 12
$72,927 34
$81,208 91
$12,870 00
$16,380 00
$20,000 00
$20,000 00
$20,000 00
155 02
313 51
20,156 02
12,931 10
18,727 83
18,335 60
16,800 01
20,845 11
33,878 31
18,654 01
31,179 62
29,061 78
1,455 06
770 00
25 00
240 00
654 00
$57,670 12
$72,927 34
$81,208 91
*
$47,412 18
$54,213 43
35
STATE BANKS OF MICHIGAN.
No. 394.
THE BARRYTON STATE SAYINGS BANK, BARRYTON.
Organized March 9, 1908.
W. J. Shanks,
Directors.— W.
W. T. Laflin, V ic e P r e s id e n t ; O. S. Wood,
Adelbert Myers, A s s i s t a n t C a s h ie r .
P r e s id e n t ;
J. Shanks, Adelbert Myers, O. S. W ood, W. T. Laflin, Frank M almstone.
R esources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Com m erei al d epartm e n t ................
Savings departm en t.........................
Premium a cco u n t..................................
Overd ra fts................................................
E xpenses, interest and taxes paid,
exceeding earnings...........................
Pan king house .....................................
Furniture and fix tu r es........................
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savi n gs departm ent,.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial departm ent . . . .
Savings departm ent,..
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savi n gs d epartm ent,.........................
Silver coin:
Commercial d ep artm en t................
Savi n gs d epart m e n t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un paid.. .
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d ep o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
Bills pa y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
C a s h ie r ;
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
$68,416 21
$62,824 64
2 50
82
700 00
700 00
3,656 57
2,468 75
6,591 14
$65,058 35
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$69,358 96
$76,413 30
700 00
700 00
700 00
715 31
1,720 76
3,208 33
212 11
4,035 32
213 00
2,124 31
2,649 68
5,945 79
5,189 58
8,132 69
4,816 01
.
..
....
2,964 00
2,686 00
2,912 00
2,145 00
2,755 00
1,350 00
1,590 00
1,625 00
1,725 00
1,830 00
483 75
564 75
206 60
273 30
686 00
59 65
82 36
78 31
40 85
40 44
105 93
231 45
204 24
538 55
54 36
$83,438 14
$82,655 13
$77,161 63
$87,162 67
$92,069 10
$20,000 00
4,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
6,000 00
1,678 97
1,563 33
800 00
1,976 38
2,701 53
1,405 81
31,804 68
25,951 49
3 00
$83,438 14
06
39
60
75
23,006 54
27,138 66
$82,655 13
$77,161 63
25,833
29,200
72
185
40 05
30,077
28,681
700
3
11
03
00
00
34,065 85
30,574 44
$87,162 67
$92,069 10
23 00
STA TE BANKING D EPA R TM EN T.
36
No. 93.
CITY BANK, BATTLE CREEK.
Organized June 14, 1871.
Corporate existence extended June 4, 1901.
Chas. C. Green, P r e s id e n t ; E . R . Morton, N . E. Hubbard, F. A. Allwardt, V ic e P r e s id e n t s ;
E. R . Morton, C a s h ie r ; N . Y . Green, A s s i s t a n t C a s h ie r .
Directors.—W. H . Eldred, L. A. D udley, M. Maas, Chas. C. Green, Frank J. Kellogg, Geo. W. Mechem
H . F. B echm an, N . E . Hubbard, F. A. Allwardt, S. B. Cole, E . R . Morton.
Resources.
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
$296,852 95
441,690 45
$260,839 56
447,475 88
$250,123 86
377,972 42
$256,226 17
377,486 77
$249,007 90
443,002 41
Savings departm en t.........................
645,838 01
661,087 03
675,263 81
684,037 26
657,788 05
O verdrafts................................................
E xpenses, interest and ta x es paid,
1,029 41
967 66
1,506 44
741 71
2,973 53
Furniture and fix tu res........................
15,000 00
14,500 00
14,500 00
14,500 00
14,500 00
Other real e s t a t e ...................................
D ue from other banks and bankers,
48,885 04
44,539 34
44,538 34
44,538 34
51,961 98
74 94
152 83
140 37
148 02
720 00
361 83
1,118 39
89,776 61
8,705 12
100,872 79
74,092 45
156,974 44
124,378 35
138,257 77
90,787 09
116,370 62
3,759 43
8,235 64
2,427 44
2,280 80
5,576 00
45,000 00
18,483 00
40.000 00
10,804 00
33.000 00
13,060 00
40.000 00
11,698 00
40.000 00
50,072 50
9,775 00
35.000 00
8,987 50
30.000 00
7,070 00
30.000 00
^9,772 50
35.000 00
2,366 00
3,600 00
1,181 90
5,000 00
3,021 20
2,000 00
4,448 65
5,076 70
278 15
39 11
5 00
578 54
546 51
454 12
307 95
258 78
407 72
117 61
326 48
T o ta ls................................................ $1,650,490 95 $1,653,176 86 $1,692,114 70 $1,738,612 21
$1,731,215 84
Item s in tr a n s it.....................................
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings department,.........................
N ickels and cents:
Commercial d ep artm en t................
Savi n gs d epartm en t .........................
Checks and other cash ite m s ............
3,288 39
Liabilities.
Capital stock paid in ............................
$100,000 00
25,000 00
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
7,340 93
p a id ........................................................
D ividends un p aid .
..........................
Commercial deposits subject to
206,084 43
check .....................................................
23,861 97
Commercial certificates of d e p o s it..
Certified c h e ck s......................................
150 15
Cashier's checks outstan ding. . .
................
State m onies on deposit
8,748 40
D ue to banks and ban kers................
Savings d ep o sits..................................... 1,245,018 41
34,286 66
Savings certificates of d e p o s it.........
Reserved for taxes, interest, etc . .
Nof.es and hills rediscounted
B ills pa y a b le............................................
$100,000 00
25,000 00
$100,000 00
25,000 00
$100,000 00
25,000 00
$100,000 00
25,000 00
4,651 82
100 00
8,751 34
8,650 57
10,418 38
187,095 95
21,572 20
1,100 00
239,739 55
21,683 88
10,000 00
256,461 43
51,654 06
100 00
233,131 70
48,099 77
24,221 19
1,227,328 46
62,107 24
11,729 26
1,213,303 91
61,906 76
26,964 35
1,234,145 09
35,636 71
22,404 91
1,272,424 37
19,736 71
T o ta ls................................................ $1,650,490 95 $1,653,176 86 $1,692,114 70 $1,738,612 21
$1,731,215 84
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OP MICHIGAN.
37
No. 178.
MERCHANTS’ SAVINGS BANK, BATTLE CREEK.
Organized March 28, 1895.
A.
M. Minty, P r e s id e n t ; Frank Tcjkner, V ic e P r e s id e n t ;
Directors.— A.
H . A.
Rowles, C a s h ie r .
M. M inty, Frank Turner, A. O. Jones, R . F. Hoffm aster, F. H . Boos, H . A. R ow les.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x e s paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fix tu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
iSavi n gs d epartm e n t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
8210,740 95
178,917 05
8308,323 69
111,783 44
8278,712 43
130,261 40
$272,112 38
144,565 04
$222,957 55
176,167 09
9,000 00
706,965 62
9,000 00
715,769 74
8,000 00
713,899 18
8,000 00
720,284 36
8,000 00
770,990 22
512 25
5,720 07
342 61
217 90
2,841 62
25,000 00
2,325 00
25,000 00
2,325 00
25,000 00
2,325 00
25,000 00
2,325 00
25,000 00
2,325 00
6,297 11
8,513 15
8,513 15
10,644 28
9,245 43
30 00
131 16
64 37
200 00
31,377 94
105,163 62
31,455 11
77,472 54
20,269 60
119,352 53
22,474 94
128,177 98
32,591 61
137,300 68
4,372 53
2,812 85
5,597 31
5,156 55
2,086 09
15,000 00
29,733 00
14,154 00
10,000 00
13,000 00
33,271 00
15.000 00
32,515 00
15,500 00
38,642 00
2,000 00
21,377 50
3,390 00
30,000 00
5,000 00
21,715 00
5.000 00
20,852 50
4,945 00
10,000 00
1,400 00
494 80
1,150 00
2,695 50
2,500 00
583 85
800 00
2,366 75
650 00
4,596 75
50 00
697 57
134 00
471 88
281 00
114 70
25 68
628 29
228 00
897 37
T o ta ls................................................ 81,351,624 99 81,360,170 97 $1,388,768 76 81,416,277 81
$1,465,028 78
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s ...........
Liabilities.
Capital stock paid in ............................
850,000
Surplus fu n d ............................................
30,000
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
15,928
D ividends un p aid ..................................
Commercial deposits subject to
c h e c k .....................................................
132,400
Commercial certificates of d ep o sit..
113,609
Certified c h e c k s ......................................
Cashier’s checks o u tstan d in g ............
State m onies on d e p o s it.....................
D ue to banks and b an kers................
Savings d ep o sits..................................... 1,009,687
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted .........
B ills p a y a b le...........................................
00
00
150,000 00
30,000 00
850,000 00
30,000 00
$50,000 00
30,000 00
$50,000 00
40,000 00
02
8,664.52
246 00
16,879 01
24,977 02
12,288 94
09
64
118,393 74
132,403 40
126,353 11
150,737 66
151,454 14
114,113 13
165,053 69
119,259 73
24
1,020 463 31
1,014,798 98
1,045,733 52
1,078,426 42
T o ta ls................................................ 81,351,624 99 81,360,170 97 $1,388,768 76 $1,416,277 81
$1,465,028 78
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BAN KING D EPA R TM EN T.
38
No. 63.
BAY CITY BANK, BAY CITY.
Organized September 4, 1871.
Corporate existence extended September 4, 1901.
George H. Young, P r e s id e n t ; Justin Wentworth, V ic e P r e s id e n t ; Harry C. Moulthrop, C a s h ie r .
Directors.— George H. Young, Justin W entw orth, Frem ont B . Chesbrough, George K. W entw orth,
Frank E. Tyler, W m. A. Y oung, W alter D . Y oung, Jam es E. D uffy.
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
P.nxpmp.rrial d ep a rtm en t................
Savings d ep artm en t.........................
R eport of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$773,503 25
411,479 60
$831,191 00
428,465 25
$813,778 11
430,867 17
$740,822 33
404,204 98
$706,210 42
453,147 80
852,969 19
871,989 19
808,558 50
17,000 00
934,463 78
7,000 00
925,340 09
9,000 00
2,754 67
8,500 00
1,196 61
8,500 00
2,641 36
8,500 00
4,946 39
7,500 00
1,180 70
6,000 00
6,000 00
6,000 00
6,000 00
6,000 00
4,150 00
4,150 00
1,150 00
1,150 00
8,268 29
4,068 97
5,852 87
6,872 32
13,286 18
210,140 19
177,222 00
189,373 84
220,970 25
184,330 40
323,009 01
144/641 75
208,203 04
168,013 80
173,941 58
4,528 15
7,916 18
12,359 84
7,251 31
5,981 61
52,384 00
61,882 00
77,986 00
60,616 00
60,980 00
61,457 00
66,994 00
75,622 00
62,130 00
78,261 00
1,575 00
24,590 00
4,292 50
24,590 00
1,037 50
25,050 00
4,777 50
25,055 00
2,675 00
25,105 00
8,348 15
46 55
6,294 20
63 25
7,053 65
92 85
9,592 25
83 45
9,456 80
73 90
581 15
2 91
127 00
491 41
2 35
301 24
449 07
2 12
7 75
624 90
4 66
97 84
947 25
3 16
97 67
T o ta ls................................................ $2,609,552 10 $2,748,458 24 $2,753,177 20 $2,666,907 50
$2,646,351 96
O verdrafts................................................
E xpenses, interest and ta x es paid,
Furniture and fixtures
.....................
Oth^r real estate
............................
D ue from other banks and bankers,
not. reserve c itie s ..............................
U nited States bonds:
D ue from banks in reserve cities:
riom m erci a.l d epartm en t ................
Sa.vi n gs d epartm ent..........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Comm erci a,1 d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
L iabilities.
Capital stock paid in ............................
$150,000
Si i m l us fu n d ............................................
150,000
U ndivided profits, less losses, cur
rent expenses, interest and taxes
25,047
paid .....................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k .....................................................
441,189
174,585
Commercial certificates of d ep o sit..
Certified checks ...................................
688
Cashier’s checks o u tsta n d in g ...........
State monies on d e p o s it.....................
D ue to banks and bankers................
130,848
Savings d ep o sits..................................... 1,537,192
Savings certificates of d e p o s it.........
R eserved for taxes, interest, etc . . .
N otes and bills red isco u n ted ............
Hills p a y a b le............................................
00
00
$150,000 00
150,000 00
$150,000 00
150,000 00
$150,000 00
150,000 00
$150,000 00
150,000 00
73
34,480 51
624 00
42,832 75
39,491 95
50,671 38
98
30
00
470,270 69
151,095 71
14 77
460,253 94
149,105 79
13 79
418,284 88
130,445 43
491 03
407,467 00
123,021 91
491 53
84
25
176,776 27
1,615,196 29
142,758 52
1,658,212 41
122,057 30
1,656,136 91
101,327 61
1,663,372 53
T o ta ls................................................ $2,609,552 10 $2,748,458 24 $2,753,177 20 $2,666,907 50
$2,646,351 96
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
39
No. 43.
BAY COUNTY SAVINGS BANK, BAY CITY.
Organized February 1, 1884.
Bonsfield, P r e s id e n t ;
Directors.— A. E. Bonsfield, F.
A. E.
F . P.
Browne,
V ic e P r e s id e n t ; W. E.
Carter,
T rea su re r.
P. Browne, N . A. E ddy, H. M. G illett, G. Hine, F. T. Norris,
George D . Jackson, W in. L. Clements.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts...............................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se .......................................
Furniture and fix tu res........................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$200,020 37
249,659 89
$205,947 24
267,459 64
$131,781 41
304,401 71
$118,437 08
254,110 87
$128,165 42
286,925 37
25,000 00
410,240 00
50,000 00
388,840 00
65,000 00
422,940 00
75,000 00
431,415 00
70,000 00
414,495 00
290 00
31 36
538 00
78 83
488 00
55 75
388 00
37 63
388 00
53 04
4,500 00
4,050 00
4,050 00
4,050 00
4,050 00
5,898 66
4,537 05
4,537 05
4,472 05
199 26
1,019 10
2,591 43
4,879 71
49,308 36
90,672 71
23,063 01
140,763 71
43,225 85
103,563 48
18,510 54
103,676 93
3,937 98
106,556 74
576 87
1,377 83
661 90
1,550 49
1,484 89
16,000 00
31,268 00
11,677 00
35,000 00
10,752 00
33,500 00
15,614 00
34,500 00
12,607 00
35,000 00
5,000 00
5,816 50
5,558 00
5,000 00
4,883 50
7,200 00
6,050 00
5,000 00
5,697 50
6,000 00
1,115 00
1,952 90
2,068 55
1,650 00
2,267 45
2,550 00
2,102 60
1,800 00
1,160 85
1,450 00
293 10
339 66
126 76
321 65
312 28
85 36
508 64
481 85
48 25
163 45
236 98
105 85
75 11
T o ta ls................................................ $1,099,129 24 $1,150,919 58 $1,147,776 55 $1,077,115 62
$1,088,348 93
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
U. S. and N ational bank currency:
Commercial departm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d e p o s it..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le...........................................
9,996 92
$50,000 00
25,000 00
$50,000 00
25,000 00
$50,000 00
25,000 00
$50,000 00
25,000 00
$50,000 00
40,000 00
24,931 10
19,684 03
130 00
25,637 60
29,141 10
14,520 67
209,121 72
216,859 92
172,501 91
142,234 74
133,326 04
741,445 38
48,631 04
791,166 89
48,078 74
821,973 06
52,663 98
797,346 45
33,393 33
815,867 32
34,634 90
T o ta ls................................................ $1,099,129 24 $1,150,919 58 $1,147,776 55 $1,077,115 62
$1,088,348 93
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
ST A T E B AN KING D EPA R TM EN T.
40
No. 30.
THE COMMERCIAL BANK, BAY CITY.
Organized August 15, 1888.
C. R.
Hawley, P r e s id e n t : Guy H . Moulthrop, V ic e
P r e s id e n t ;
James R . Watrous, C a s h i e r .
D i r e c t o r s .— C. R . H aw ley, C. C. W hitney, B . B outell, J. C. W eadock, J. R . W atrous, G. H . M oulthrop ,
W . H . Sharp,
R esources.
L, J. W eadock, F. C. Finkenstaedt.
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
$586,919 96
123,620 37
$565,354 63
152,709 18
$612,875 58
141,497 68
$575,939 29
163,400 46
$536,638 19
149,034 66
Savings departm en t.........................
230,543 68
230,616 73
251,804 73
5,123 67
266,055 38
5,000 00
262,567 38
O verdrafts................................................
E xpenses, interest and ta x es paid,
789 44
2,555 90
2,651 09
368 50
808 35
4,000 00
4,000 00
3,500 00
3,500 00
3,500 00
2,620 87
3,748 97
4,402 86
2,855 82
6,709 64
132,422 35
60,452 04
91,534 77
69,754 98
173,287 08
62,579 26
15,135 02
43,348 69
44,903 20
61,859 94
2,902 45
4,920 09
2,826 42
2,505 28
5,546 82
45,707 00
16,000 00
42,320 00
17,800 00
30,418 00
18,000 00
37,156 00
18,400 00
23,996 00
17,900 00
18,265 00
5,000 00
10,385 00
5.000 00
10,895 00
5,000 00
8,000 00
4,012 50
6,912 50
6,000 00
1,799 00
790 00
3,320 00
1.000 00
4,655 65
950 00
6,033 45
2,400 00
1,722 05
1,000 00
143 02
31 89
328 33
378 88
46 36
660 70
167 86
43 77
665 82
339 94
71' 94
269 94
331 44
19 05
1,117 35
T o ta ls............................. .................. $1,232,335 40 $1,206,106 19 $1,326,220 80 $1,154,915 88
$1,135,566 57
Furniture and fix tu res........................
D ue from other banks and bankers,
Item s in tr a n s it......................................
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Nickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ...........
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
$100,000 00
80,000 00
$100,000 00
80,000 00
$100,000 00
100,000 00
$100,000 00
100,000 00
$100,000 00
100,000 00
31,466 72
30,606 72
14,569 25
21,140 30
22,615 83
30 00
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d e p o sit..
Certified c h e c k s ......................................
532,579 26
50,560 48
683 52
463,626
53,271
140
1,533
89
27
75
31
551,756 65
79,898 44
121 02
347,093 67
88,771 92
221 02
333,350 93
78,576 43
250 72
Savings d ep o sits.....................................
607 44
436,437 98
476,927 25
479,875 44
497,688 97
2,361 63
498,381 03
$1,206,106 19 $1,326,220 80 $1,154,915 88
$1,135,566 57
T o ta ls................................................ ¡$1,232,335 40
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
41
STATE BANKS OF MICHIGAN.
No. 96.
LUMBERMAN’S STATE BANK, BAY CITY.
Organized January 1, 1875.
Corporate existence extended December 28, 1904.
S. O. Fisher, P r e s id e n t ; M. J. Bialy, Adam Kolb, V ic e P r e s id e n t s ; A. C. Boucher, T e lle r ;
Omar J. Sharp. A u d i t o r .
Directors.—S. O. Fisher, Andrew W eiss, F. P. S. K elton, M. J. B ialy, Adam Kolb,
Thos. D. Campbell.
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
$277,615 46
42,483 29
$311,171 21
53,597 09
$337,723 14
59,715 04
$407,150 07
59,715 04
$381,022 50
45,869 16
57,800 00
90,788 03
55,200 00
82,493 70
50,200 00
95,093 70
75,174 00
121,978 70
78,435 02
133,558 70
2,278 46
1,150 26
668 74
67 84
215 43
Furniture and fix tu r es........................
3,800 94
4,784 94
5,715 30
6,054 80
6,059 80
Other real e s t a t e ...................................
D ue from other banks and bankers,
8,388 13
9,883 13
12,026 47
12,026 47
12,026 47
5,210 89
6,996 77
102 79
10,986 95
10,000 00
27,485 61
20,981 81
18,000 00
19,477 95
25,000 00
15,692 62
25,000 00
7,702 89
6,601 36
2,170 36
2,758 52
26,268 00
15,000 00
4,455 00
25,000 00
26,641 00
10,000 00
24,543 00
22,110 00
24,640 00
10,000 00
5,152 50
3,810 00
5,702 50
9,457 50
7,470 00
5,000 00
Silver coin:
Commercial d ep a rtm en t................
6,995 50
5,416 00
7,302 25
5,024 00
6,856 60
N ickels and cents:
Commercial d ep a rtm en t................
196 09
254 91
325 82
Checks and other cash it e m s ............
91 60
1,311 31
4,634 80
206 96
3 61
4,282 37
3,875 08
T o ta ls................................................
$566,745 05
$597,825 41
$661,727 34
$794,545 46
$758,788 50
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
3,736 88
4,902 45
2,568 48
2,316 19
3,293 12
187,830 64
173,586 95
159,423 03
152,894 47
173,937 41
215,727 86
299,059 40
204,338 37
233,683 10
203,362 87
24 15
24 15
209,469 44
228,807 35
258,449 41
$661,727 34 j $794,545 46
$758,788 50
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
O verdrafts................................................
E xpenses, interest and ta x es paid,
1,197 21
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
L iabilities.
Capital stock paid i n ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ......................................................
Commercial deposits subject to
c h e c k ...................................................
Commercial certificates of d ep o sit..
Cashier’s checks o u tsta n d in g ............
Savings d ep o sits....................................
141,590 58
165,605 46
hr
T o tals
ta ls ................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$566,745 05
308 60
nnn on
$597,825 41
42
STA TE BAN KING D EPA R TM EN T.
No. 17.
PEO PLE’S SAVINGS BANK, BAY CITY.
Organized December 27, 1888!
Fred Mohr, P r e s id e n t ; E. T. Carrington, V ic e P r e s id e n t ; T. R. Shaver, C a s h ie r ;
John W. Ingersoll, A s s i s t a n t C a s h ie r .
Directors.— Fred Mohr, E. T. Carrington, Curtis E. Pierce, Thom as Walsh, T. R . Shaver.
R esources.
Loans and discounts:
Commercial d ep artm en t............
Savings departm en t....................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t............
Savings d ep artm en t......................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fix tu res........................
Other real e s t a te ...................................
D ue from other hanks and bankers
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t..............
Savings departm en t......................
E xchanges for clearing house:
Commercial d ep artm en t..............
Savings departm en t.......................
U . S. and N ational bank currency
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t. . .
Savings d e p a r tm e n t.,.........
N ickels and cents:
Commercial d ep a rtm en t. . .
Savings departm en t.............
Checks and other cash ite m s .
T otals.
L iabilities.
Capital stock paid in .......................
Surplus fu n d .......................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ....................................................
D ividends un p aid .............................
Commercial deposits subject to
c h e c k ...................................................
Commercial certificates of deposit
Certified c h e c k s ...................................
Cashier’s checks o u tsta n d in g .........
State m onies on d e p o s it...................
D ue to banks and b an kers..............
Savings d ep o sits..................................
Savings certificates of d e p o s it. . . .
R eserved for taxes, interest, e t c . .
N otes and bills red isco u n ted ..........
B ills p a y a b le.........................................
T o ta ls.........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R eport of
Report of
N ov. 10, '10. Jan. 7, ’l l .
$154,883 37
98,510 89
25,012 50
486,138 14
$171,644 80
115,529 71
R eport of
Mar. 7, ’l l .
$143,756 32
79,759 30
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$189,655 80
24,618 00
$183,990 60
28,231 60
25,000 00
522,605 03
23,000 00
564,011 07
15,000 00
689,131 24
19,606 25
710,342 46
9,257 84
79 06
10,302 41
22 31
9,515 68
1,263 85
9,603 32
524 01
11,208 04
22 79
25,000 00
3,000 00
25,000 00
3,000 00
25,000 00
3,000 00
25,000 00
3,000 00
25,000 00
3,000 00
5,288 97
5,082 22
5,077 75
4,747 24
4,557 38
1,333 91
1,641 42
1,370 28
933 12
403 19
39,511 77
113,041 80
41,016 80
118,261 21
89,399 91
134,859 91
19,114 66
82,278 28
19,794 55
60,084 93
5,389 51
9,416 81
3,738 80
2,236 36
4,815 29
31,934 00
15,500 00
20,000 00
29,960 00
23,960 00
29,597 00
20,300 00
50,870 00
23,600 00
46,258 00
18,150 00
10,000 00
9,915 00
23,930 00
35,200 00
27,875 00
1,500 00
531 20
1,085 00
500 15
418 55
1,755 85
1,000 00
2,000 00
1,000 00
827 56
239 46
834 18
244 83
344 67
999 89
944 81
450 74
909 55
523 92
$1,045,129 98 $1,134,991 88 $1,175,272 98 $1,180,038 43
$1,184,513 95
10,000 00
12,000 00
27,850 00
1,315 40
$50,000 00
25,000 00
$50,000 00
30,000 00
$50,000 00
30,000 00
$50,000 00
30,000 00
$50,000 00
35,000 00
3,135 38
12 00
2,194 36
18 00
2,340 69
18 00
6,779 74
18 00
3,209 59
233,330 73
241,795 89
237,758 68
201,344 16
206,921 86
50 00
83 55
3,750 00
432 54
136 37
212 76
50 00
19 95
5,000 00
607,871 44
125,347 89
661,128 90
149,718 36
714,810 29
140,132 56
741,001 48
145,825 10
740,784 65
144,714 30
1,175,272 98 $1,180,038 43
$1,184,513 95
$1,045,129 98 $1,134,991
43
STATE BANKS OF MICHIGAN.
No. 2.
BELDING SAVINGS BANK, BELDING.
Organized January 15, 1889.
H . J.
Leonard, P r e s id e n t ;
Directors.—H.
A. N .
W. H .
Belding, V ic e P r e s id e n t ; W.
Angell, A s s i s t a n t C a s h ie r .
S.
Lambertson, C a s h ie r ;
J. Leonard, A. N . Belding, W. P. H etherington, M. M. Belding, Jr„ E. E. Chappie,
W . C. Spicer, E, C. Lloyd, W . S. Lambertson.
Resources.
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
$94,058 94
36,953 45
$98,561 07
39,825 37
$80,631 91
46,315 13
$107,273 50
39,493 04
$88,669 24
54,431 10
Savings d ep artm en t.........................
2,000 00
131,223 44
131,724 44
133,655 44
131,680 55
129,267 24
O verdrafts................................................
E xpenses, interest and ta x es paid,
928 98
1,155 46
473 90
548 20
738 64
R a n k in g house
...................................
F u r n it u r e and fixtures........................
8,575 00
2,000 00
8,575 00
2,000 00
8,575 00
2,000 00
8,575 00
2,000 00
8,575 00
2,000 00
273 42
4,167 54
D ue from other banks and bankers,
950 00
Ttems in tra n sit; .........................................
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
S a v i n g s d ep artm en t.........................
E xchanges for clearing house:
14,237 48
24,786 29
13,576 55
22,442 98
22,122 86
23,188 26
22,901 35
21,527 43
38,230 18
28,189 96
U . S. and N ational bank currency:
O o m m e r e ia l d ep a rtm en t................
Savj n gs d epart,m ent.........................
Gold coin:
7,144 00
1,500 00
4,201 00
2,323 00
1,554 00
1,927 00
5,036 00
4,100 00
4,755 00
S a v i n g s d ep artm en t......................
11,621 00
11,766 00
11,711 00
12,183 50
546 00
12,000 00
C o m m e r c ia l d e p a r tm e n t,
Silver coin:
2,187 05
500 00
2,814 85
1,799 30
2,532 05
122 50
1,735 45
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ...........
449 70
10 11
1,265 81
409 68
97
2,222 84
425 86
70
1,567 09
513 62
11
932 65
626 36
T o ta ls................................................
$339,441 25
$342,549 21
$335,947 45
$359,692 92
$374,233 04
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
C o m m e r c ia l d ep a rtm en t................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
301 33
4,089 95
3,425 06
1,500 00
4,022 03
5,414 72
4,084 79
Commercial deposits subject to
check .....................................................
Commercial certificates of d ep osit..
68,328 91
425 00
68,783 29
15 00
55,112 89
15 00
85,477 89
15 00
91,392 22
15 00
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
60,914 54
145,679 75
3 10
61,985 36
146,197 40
643 10
63,677 39
153,120 14
70,386 40
138,398 91
70,169 89
148,555 76
15 38
$342,549 21
$335,947 45
$359,692 92
$374,233 04
T o ta ls................................................ | $339,441 25
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
44
STA TE B AN KING D EPA R TM EN T.
No. 159.
P E O P L E ’S SAVINGS BANK OF B ELD IN G , BELD IN G.
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 ;
A m b r o s e S p e n c 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 .— E. R . Spencer, B rinton F. H all, Frank R . Chase, Charles E ddy, W. H. Locke,
George Hoppough, H. L. Page, Frank L. Moon, W. L. Cusser, John Greenop, Jno. G. Hesslerj
Jno. D . Campbell.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and taxes paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ...........
T o ta ls............................. ..................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ..........................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ......................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d e p o s it..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
Due to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, etc . . .
N otes and bills red 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
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$180,810 72
4,206 42
$189,520 18
460 00
$179,552 82
1,935 00
$177,706 64
1,935 00
$159,654 02
14,773 25
77,180 14
76,240 30
80,860 05
80,510 05
67,658 50
3,517 80
5,556 72
2,872 11
2,446 81
25 69
8,000 00
8,000 00
8,000 00
8,000 00
8,000 00
6,212 50
6,212 50
6,212 50
6,212 50
6,212 50
8,958 76
8,048 61
10,168 61
1,183 10
5,578 45
12,923 30
10,125 77
7,714 11
10,151 42
17,386 68
10,177 20
15,330 86
10,216 11
12,560 18
14,379 73
4,385 21
862 26
84 28
107 76
298 97
7,339 00
1.500 00
11,375 00
1,500 00
2,831 00
1,000 00
6,221 00
1,700 00
8,206 00
60 00
8,072 00
1.500 00
8,914 50
1,000 00
8,000 00
1,729 50
7,697 00
1,500 00
8,417 00
700 00
1,089 95
150 00
1,257 10
150 00
797 50
99 00
1,109 90
160 00
1,278 40
5 25
213 43
36 51
219 20
257 40
18 95
348 79
293 26
08
644 16
403 01
2 96
760 71
1,431 53
$340,041 11
$341,188 24
$336,244 15
$326,803 81
$313,175 59
$35,000 00
10,000 00
$35,000 00
10,000 00
$35,000 00
10,000 00
$35,000 00
10,000 00
$35,000 00
10,000 00
3,067 21
3,784 40
863 52
4,005 17
4,218 01
47,992 33
139,308 03
48,070 34
134,838 13
40,012 03
128,322 57
32,458 96
119,340 86
40,278 28
106,127 87
36,747 18
57,926 36
37,522 44
51,972 93
41,979 34
60,066 69
46,149 97
49,848 85
48,013 73
49,537 70
20,000 00
20,000 00
30,000 00
20,000 00
$341,188 24 I $336,244 15
$326,803 81
$313,175 59
3,600 40
10,000 00
$340.041 11
3,600 40
3,600 40
3,600 40
3,600 40
335 72
45
STATE BANKS OF MICHIGAN.
No. 347.
B E L L A IR E STATE BANK, B EL L A IR E .
Organized A ugust 14, 1906.
F. W. B e c h t o l d , P r e s id e n t ; C h a s . W e i f f e n b a c h , V ic e P r e s id e n t ; W. H. R i c h a r d s , C a s h ie r .
D i r e c t o r s .— F. W . B echtold, Chas. W eiffenbach, H. L. Richards, W . H. Richards, C. W. P u tt.
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
$58,343 93
3,050 00
$51,247 91
2,050 00
$57,910 90
7,600 00
$53,780 90
6,080 00
$57,673 09
8,662 00
6,030 50
21,599 60
5,039 10
21,378 55
4,514 10
20,333 55
4,888 71
21,181 05
4,788 71
20,821 05
105 00
105 00
541 88
105 00
95 50
105 00
20 69
' 105 00
85 77
5,243 79
3,633 93
5,243 79
3,300 00
5,243 79
3,300 00
5,243 79
3,300 00
5,243 79
3,300 00
340 39
708 39
708 39
708 39
708 39
U nited States bonds:
Savings departm en t.........................
3,000 00
3,000 00
3.000 00
3,000 00
3,000 00
D ue from banks in reserve cities:
Commercial d ep artm en t................
4,472 50
13,405 75
9,013 29
1.000 00
9,504 41
5,879 59
1,400 00
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
3,891 00
3,200 00
1,575 00
2,822 00
3,959 00
400 00
3,495 00
200 00
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
910 00
1,700 00
2,425 00
680 00
1,690 00
305 00
1,800 00
50 00
2,400 00
473 40
177 81
1,362 03
1 92
1,127 57
23 41
1,354 89
19 70
Resources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, mortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
Oy^rd ra.ff.s ..............................
E xpenses, interest and ta x es paid,
B anking h o u se .......................................
Furniture and fixtu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
E xchanges for clearing houses:
88
88
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
1,110 11
Checks and other cash ite m s ...........
220 92
499 20
920 75
615 16
281 23
$113,667 23
$114,370 78
$120,301 22
$116,043 08
$119,468 21
$20,000 00
2,500 00
$20,000 00
4,000 00
$20,000 00
4,000 00
$20,000 00
4,000 00
$20,000 00
4,000 00
5,503 01
1,790 17
2,663 47
4,229 69
4,409 75
Commercial deposits subject to
c h e c k ............................................ .. • • •
Commercial certificates of d e p o s it..
34,150 76
21,586 93
39,881 90
18,008 09
43,181 32
16,719 92
37,015 13
18,313 80
31,861 11
22,618 60
D ue to banks and bankers................
Savings deptpsits......................._............
561 37
29,365 16
84 26
30,606 36
111 04
33,625 47
32,484 46
76 00
36,502 75
T o ta ls................................................
$113,667 23
$114,370 78
$120,301 22
$116,043 08
$119,468 21
T o ta ls ...............................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
15 56
46
STA TE BANKING D EPA R TM EN T.
No. 219.
BENTON H A RBO R 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 , C a s h ie r ;
B . F . W e l l 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 .— I. W. Conkey, H. D . Poole, G. M. V alentine, S. L. VanCamp, M. B. Wells, C. A. Conkey
M. P. Resch, D . B . Sutherland, W m. W allace, G. H andy.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, mortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
Expenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se .......................................
Furniture and fixtures........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing houses:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
T o ta ls.......................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d .....................................
U ndivided profits, less losses, current expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d ep osit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$230,495 67
99,395 00
$228,029 85
94,195 00
$219,863 21
88,570 00
$261,722 27
88,920 00
$207,529 11
127,200 47
170,666 65
170,215 65
170,745 65
171,933 56
183,673 56
1,384 52
1,536 46
646 64
1,499 22
981 87
37,500 00
9,500 00
23,750 00
34,000 00
39,000 00
46,000 00
20,870 93
24,587 65
23,339 74
20,485 66
199 45
2,944 32
12,401 69
44,568 79
45,263 74
23,135 26
45,315 11
37,119 65
45,366 74
24,642 16
45,444 67
125,699 91
45,523 19
4,760 57
2,464 49
2,111 46
2,897 88
3,977 21
973 11
4,411 56
4,890 51
8,789 93
12,000 00
9,269 00
12,798 00
10,500 00
6,565 00
6,000 00
7,061 00
15,000 00
7,500 00
33,252 00
8,000 00
452 50
4,912 50
4,000 00
2,297 50
4,000 00
6,000 00
327 50
4,715 00
5,000 00
1,469 35
3,000 00
2,000 00
1,000 00
1,474 10
314 00
4,000 00
2,912 60
3,000 00
293 25
300 00
243 59
375 73
105 77
406 35
228 98
178 34
209 67
350 00
849 12
220 17
278 70
535 94
$682,364 77
$660,776 14
$649,097 59
$686,519 56
$837,085 07
$75,000 00
25,000 00
$75,000 00
26,000 00
$75,000 00
26,000 00
$75,000 00
26,000 00
$75,000 00
27,000 00
6,384 92
10 00
2,927 23
645 00
5,102 11
60 00
8,411 54
60 00
6,839 65
185 00
210,365 31
2,619 86
196,736 94
10,185 25
202,059 15
3,991 85
229,793 49
10,715 79
319,014 10
10,582 46
1,894 80
139,332 58
221,757 30
143,148 11
206,133 61
147,510 45
189,374 03
162,674 19
173,864 55
193,418 04
205,045 82
$682,364 77
$660,776 14
$649,097 59
$686,519 56
$837,085 07
1,299 65
8 08
STATE BANKS OF MICHIGAN.
47
No. 76.
FA R M ER S’ AND MERCHANTS’ BANK, BENTON HARBOR.
Organized F ebruary 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 , O. B . H i p p , V ic e P r e s id e n t s ;
J a m e s M . R o s e , A . H. L a n d 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 .— John R obinson, R . M. Jones, W. P. R obbins, O. B . Hipp, Edward Brant, R. H . Sherwood,
T. L. W ilkinson, G. B . Gehlert; W. W. B uchanan, W. C. Bastar, I. W. Riford, F. S. H opkins,
Geo. B. Thayer, Milton H inkley, John R. Price.
Resources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
R eport of
Report of
N ov. 10, '10. Jan. 7, ’l l .
R eport of
R eport of
Report of
Mar. 7, ’l l . . June 7, ’l l . Sept. 1, ’l l .
$393,533 13
164,275 60
$385,370 85
149,243 14
$353,811 47
141,943 54
$382,878 82
128,963 83
$378,147 86
104,851 01
201,750 14
197,700 14
196,923 93
226,978 93
78,600 00
288,909 95
1,125 80
833 08
1,125 80
1,364 78
1,125 80
1,187 13
1,158 55
1,393 09
6,335 80
604 33
17,200 00
7,000 00
17,200 00
7,000 00
17,200 00
7,000 00
35,895 66
2,000 00
50,058 11
15,360 08
4,318 76
2,963 91
6,147 94
4,167 69
7,834 51
4,200 00
6,700 00
6,700 00
171,968 35
72,142 55
121,948 37
57,507 03
67,864 93
63,512 26
51,426 63
37,470 42
117,157 26
50,171 76
242 62
1,466 08
657 25
1,867 62
6,982 18
38,995 00
21,200 00
31,373 00
30,760 00
45,221 00
6,000 00
20,317 00
21,000 00
30,257 00
12,000 00
15,865 00
17,000 00
17,440 00
15,000 00
14,650 00
10,000 00
11,330 00
11,500 00
20,160 00
5,000 00
4,429 80
3,900 00
4,793 15
4,522 00
5,643 10
1,600 00
4,017 85
3,200 00
' 8,083 15
3,000 00
966 42
702 48
11,149 48
1,317 84
173 17
776 98
1,030 04
32 37
1,190 31
1,078 53
107 66
1,530 05
316 62
273 57
5,239 20
T o ta ls................................................ $1,152,798 21 $1,055,746 24
$949,441 07
$948,282 33
$1,189,342 39
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
fvxr.efiri i n g earn i n g s ..
Banking h o u se .......................................
Furniture and fixtures........................
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, current expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d ep o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Partial p a y m en ts...................................
R eserved for ta x es, interest, e t c . ..
N otes and bills red isco u n ted ............
Bills p a y a b le............................................
$125,000 00
62,500 00
$125,000 00
62,500 00
$125,000 00
62,500 00
$125,000 00
62,500 00
$125,000 00
62,500 00
25,197 64
14,804 94
18,492 63
10,116 94
12,893 83
364,763 09
16,106 17
294,562 02
13,882 05
261,622 74
8,962 26
270,729 37
8,453 82
443,099 76
16,553 31
1,024 59
1,863 80
20 00
9,008 80
1,046 70
27
17
99
00
44,634 74
196,693 24
231,515 46
33,252 56
190,106 44
239,114 40
64,037 50
200,220 45
263,990 84
T o ta ls................................................ $1,152,798 21 $1,055,746 24
$949,441 07
$948,282 33
$1,189,342 39
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
73,035 95
208,955 32
276,215 45
78,886
207,557
255,189
1,500
STA TE BANKING D EPA R TM EN T.
48
No. 388.
T H E STATE SAVINGS BANK OF BENTON H ARBOR, BENTON HARBOR.
Organized O ctober 15, 1907.
John
E. B a r n e s , P r e s id 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 ; G e o r g e S. A v e r y , C a s h ie r ;
P. M. K i 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 .— John E. Barnes, H um phrey S. Gray, J. S. Caldwell, Geo. R . D ater, John J. K inney,
J. N. Klock, W. A. Preston, Peter Tonnelier, L. L. Filstrup, W illiam E. Marsh, J. J. Jakew ay,
W m. E. Sheffield, Burr Bartram , Geo. S. Avery.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, mortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a ccou n t.. ...............................
O verdrafts..............................................
Expenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fixtu res........................
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Nickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, current expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ................................
Commercial ‘deposits subject to
c h e c k ......................................................
Commercial certificates of deposit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Saving certificates of d e p o sit...........
R eserved for ta x es, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls.................*...............................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R eport of
Report of
N ov. 1 0 , ’1 0 . Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$156,832 26
36,821 16
$173,240 03
23,534 43
$186,727 01
18,944 79
$179,615 83
35,081 02
$167,521 20
52,750 84
39,692 70
5,500 00
40,702 70
5,000 00
45,020 77
46,297 77
24,918 75
51,199 74
881 94
797 06
941 70
1,017 02
969 74
941 39
856 77
422 90
1,308 33
694 40
5,800 00
5,700 00
5,780 00
5,817 50
5,817 50
1,431 89
79 04
874 84
1,813 36
3,047 15
1,902 46
2,545 00
2,245 38
17,683 54
8,510 24
6,093 12
11,503 76
25,151 63
12,977 92
14,270 83
19,945 28
34,055 13
20,000 00
2,775 15
7,243 38
1,007 52
5,762 21
7,577 35
4,204 00
3,480 00
14,741 00
4,940 00
9,215 00
4,573 00
9,202 00
5,613 00
12,806 00
7,587 00
1,070 00
1,030 00
1,040 00
215 00
1,350 00
1,260 00
2,965 00
1,055 00
2,225 00
1,245 00
2,274 80
422 10
2,805 90
306 30
2,039 80
480 70
1,226 30
501 70
1,670 20
998 15
288 68
34 03
165 69
84 66
13 21
339 02
232 84
32 48
291 36
179 93
121 18
451 27
124 71
87 48
$284,274 28
$302,649 43
$325,043 10
$331,287 95
$397,377 16
$50,000 00
750 00
$50,000 00
1,000 00
$50,000 00
1,000 00
$50,000 00
1,000 00
$50,000 00
1,250 00
1,851 68
823 92
590 79
1,920 82
844 83
116,489 81
4,500 00
133,957 01
16,500 00
6 00
165,590 65
12,500 00
6 00
145,607 11
12,650 00
189,268 38
7,500 00
20,692 56
43,846 75
46,143 48
19,146 90
43,876 68
37,338 92
12,065 90
47,278 56
36,011 20
11,495 07
53,946 58
54,668 37
14,645 74
61,071 53
72,796 68
$284,274 28
$302,649 43
$325,043 10
$331,287 95
$397,377 16
STATE BANKS OF MICHIGAN.
*
49
No. 448.
T H E B E R L IN STATE BANK, B ER L IN .
Organized Jan u ary 21, 1910.
G e o . W. B e v i n s , P r e s id e n t ; F r e d M. R a y m o n d , V ic e P r e s id e n t ; E l t o n G . B e v i n s , C a s h ie r .
D i r e c t o r s .— Geo. W. B evins, Fred M . R aym ond, E lton
G. Bevins, W illiam W alsh
Charles P. Goodenow, W illiam J. H anna.
R esources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Premium a cco u n t...........................
O verdrafts....................
E xpenses, interest and ta x es paid
exceeding earnings...........................
B anking h o u se .................................
Furniture and fix tu r es......................
Other real e s t a t e ...............................
D ue from other banks and bankers,
not reserve c itie s ............................
Item s in tr a n s it..........................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t..............
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t......................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ............
T o ta ls....................................
Liabilities.
Capital stock paid in .......................
Surplus fu n d .....................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ...................................
Commercial deposits subject to
c h e c k ...............................................
Commercial certificates of d e p o s it..
W illis Buck
R eport of
N ov. 10, ’10
Report of
Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
$8,967 68
$13,138 56
$21,602 81
530 00
$17,350 63
4,030 00
$16,276 67
9,680 00
10,657 92
13,557 92
18,557 92
24,757 92
27,407 92
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
1 18
50
1 60
8 92
562 91
3,738 76
1,767 26
649 80
3,813 81
1,770 66
567 53
3,813 81
1,790 58
570 55
3,813 81
1,798 83
320 49
3,816 90
1,798 83
122 05
377 19
118 08
327 04
456 67
8,646 72
8,000 00
13,816 30
10,000 00
3,821 18
10,000 00
6,873 42
7,410 00
3,566 61
7,600 00
977 00
500 00
1,690 00
2,000 00
751 00
1,000 00
498 00
2,225 00
799 00
1,750 00
120 00
1,000 00
345 00
1,000 00
180 00
1,000 00
115 00
1,000 00
185 00
1,000 00
368 00
500 00
730 85
343 00
290 40
368 55
49 08
39 24
45 62
39 16
34 11
1,153 33
1,239 06
$47,121 97
$64,163 76
$64,126 59
$71,108 76
$75,072 26
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
5,139 62
15,302 76
13,082 09
11,683 94
8,852 10
7,427 66
14,554 69
9,599 40
19,261 60
9,653 93
21,390 57
12,431 45
26,993 37
15,555 36
30,664 80
$47,121 97
$64,163 76
$64,126 59
$71,108 76
$75,072 26
Cashier’s checks o u tsta n d in g ............
D ue to banks and ban kers..............
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, etc . . .
N otes and bills red isco u n ted ............
Bills p a y a b le.........................................
T o ta ls................................................
7
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BAN KING D EPA R TM EN T.
50
No. 416.
T H E B E R R IE N SPR IN G S STATE BANK, B E R R IE N SPRIN GS.
Organized O ctober 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 , G. M. N i l e s , C a s h ie r ,
D i r e c t o r s — W m. H . Sylvester, Ira R . Stem m , Jam es D . Boone, W m. E . Marsh, E. F. Garland,
D i r e c t o r s , j v m . Jn0
B a n ies, J. N . K lock, J. F. Carter, C. M. N iles, George R. D ater.
Resources.
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, '11.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
$66,281 26
4,930 00
$53,821 03
13,930 00
$42,691 14
15,840 00
$42,577 76
21,645 00
$54,483 66
14,845 00
Savings departm en t.........................
64,175 25
65,439 05
62,963 05
63,661 55
60,940 47
328 34
1,147 34
Premium a cco u n t..................................
O verdrafts.............................................. •
E xpenses, interest and ta x es paid,
151 36
2,618 84
192 54
1,055 92
183 78
767 74
305 34
552 00
B anking h o u se ........................................
Furniture and fixtu res.........................
4.500 00
1.500 00
4.500 00
1.500 00
4.500 00
1.500 00
4.500 00
1.500 00
4.500 00
1.500 00
5,038 16
9,819 36
5,288 47
12,218 11
887 25
4,838 02
5,750 94
10,809 24
9,418 31
13,651 99
500 53
325 50
250 00
D ue from other banks and bankers,
U nited States bonds: _
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep a rtm en t...........- ...........
E xchanges for clearing house:
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
325 32
3.000 00
5.000 00
3,200 00
3,000 00
2,000 00
4.000 00
2,000 00
4.500 00
3.000 00
6.000 00
400 00
300 00
100 00
500 00
2.000 00
2,500 00
1.500 00
1,800 00
200 00
170 00
200 00
60 00
80 00
70 00
250 00
375 00
200 00
200 00
121 61
30 00
100 00
60 18
6 07
261 00
9 43
30 00
131 61
43 07
308 71
36 78
50 00
154 57
$168,661 16
$165,332 37
$145,492 55
$160,604 11 !
$172,506 46
$20,000 00
200 00
$20,000 00
500 00
$20,000 00
500 00
$20,000 00
500 00
$20,000 00
500 00
2,690 85
4 39
459 73
1,222 70
1,747 89
Commercial deposits subject to
c h e c k .............................................. .. • •
41,245 78
49,674 75
33,659 61
47,774 83
52,366 54
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
3,004 95
13,531 14
87,988 44
12,160 96
82,992 27
12,449 23
78,423 98
11,129 69
79,976 89
10,857 73
87,034 30
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
l
i
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$168,661 16
$165,332 37
$145,492 55
$160,604 11 I
1
.....................
$172,506 46
STATE BANKS OF MICHIGAN.
51
No. 259.
BIG R A PID S SAYINGS BANK, BIG R A PID S.
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 ; R e a m e r W . W i g l e , C a s h ie r .
D i r e c t o r s — W . N . Ferris, C. D . Carpenter, E. C. N ew com be, S. J. Throp, J. J. Henderson
A. K. H anchett, A. Broomfield, A. B. Knapp, J. K. Brower, T. H. Coughlin.
Resources.
Loans and discounts:
Commercial d ep a rtm en t..............
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t...........................
O verdrafts...........................
E xpenses, interest and ta x es paid
exceeding earnings...........................
B anking h o u se .....................................
Furniture and fixtures.............
Other real e s t a t e .................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.................................
U nited States bonds:
Savings d ep artm en t.........................
Report of
N ov. 10, ’10
R eport of
Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
1125,784 19
16,263 08
$133,417 70
11,016 57
$139,471 21
10,576 30
$151,610 84
6,641 00
$156,053 27
6,500 00
10,000 00
129,662 44
10,000 00
132,344 34
25,000 00
135,065 99
25,000 00
142,356 22
10,000 00
165,757 54
270 65
744 86
744 86
108 79
729 36
84 82
707 76
114 51
707 76
114 92
1,872 85
1,872 85
1,872 85
1,872 85
1,872 85
688 00
1,435 05
857 44
330 00
252 50
26,539 68
19,483 21
32,106 18
18,493 27
33,252 86
33,894 77
14,590 61
21,766 98
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
19,766 12
Savings d ep artm en t.........................
19,454 59
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t..................................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t..............
Savings d ep artm en t....................
Silver coin:
Commercial d ep artm en t..............
Savings departm en t.......................
N ickels and cents:
Commercial d ep artm en t..............
Savings departm en t.........................
Checks and other cash it e m s ............
T o ta ls.........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1,000 00
8,833 00
8,212 00
8,201 00
6,250 00
10,090 00
6,006 00
5,658 00
4,058 00
6,947 00
5.000 00
1,005 00
3,192 50
440 00
4,500 00
2,015 00
3,070 00
2,585 00
2,960 00
1,737 50
4.000 00
1,771 10
556 80
2,635 20
1,220 00
3,034 50
925 00
1,840 00
2,050 50
2,299 00
1,400 00
314 13
6 17
1,424 66
306 69
18 34
941 28
279 92
9 23
694 28
151 01
50 93
797 97
285 07
91 88
246 75
$361,475 56
$390,381 35
$415,932 22 |
$400,623 63
$25,000 00
6,500 00
$25,000 00
7,000 00
$25,000 00
7,000 00
$25,000 00
7,000 00
$25,000 00
7,500 00
7,709 18
8,875 73
530 00
9,683 11
9,805 95
10,334 79
T o ta ls................................................ | $349,822 14
L iabilities.
Capital stock paid in .....................
Surplus fu n d .....................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ...................................
D ividends un paid.........................
Commercial deposits subject to
c h e c k ..........................................
Commercial certificates of d e p o s it..
Certified c h e c k s ............
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it...................
D ue to banks and ban kers.........
Savings d ep o sits.........................
Savings certificates of d e p o sit.........
R eserved for ta x es, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills pa y a b le.......................
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
46,410 73
86,835 69
18 96
56,147
88;986
10
93
23
23
86
05
74,761
99,732
50
8
51
55
00
39
i 74,727 77
2,619 81
173,325 15
1,507 31
173,883 48
262 31
$349,822 14
$361,475 56
$390,381 35
73,462 36
107,831 96
22 56
192,722 08 1
87 31 |
$415,932 22
54,375
98,853
35
8
06
45
00
93
204,429 09
87 31
$400,623 63
STA TE BAN KING D EPA R TM EN T.
52
No. 248.
C IT IZ E N S’ STATE BANK, BIG RA PID S.
Organized Septem ber 28, 1901.
G e o . A. W r i g h t , P r e s i d e n t ; F. E. H o o d , V ic e P r e s i d e n t ,* D . C. M o r r i l l , C a s h 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 — Geo. A. W right, W m. Hugh, Sr., Geo. F. Fairman, Jos. B arton W. T. Dodge, D . C. Morrill,
W. E . Bailie, F. E . Hood, L. F. Bertran, W m. T. Jones, H . J. Ward.
R esources.
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l -
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t........................
Bonds, m ortgages and securities:
$177,193 62
104,423 51
$153,182 86
105,445 59
$168,807 10
124,346 86
$192,398 72
152,280 59
$195,851 88
170,875 17
Savings d ep artm en t.........................
174,995 06
183,280 31
185,260 56
200,537 21
202,505 46
O verdrafts............................................•
E xpenses, interest and ta x es paid,
383 08
543 25
683 81
63 75
373 33
Banking h o u se ........................................
Furniture and fix tu res.........................
10,000 00
6,200 00
10,000 00
5,500 00
10,000 00
5,500 00
10,000 00
5,500 00
10,000 00
5,500 00
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
224 66
2,183 03
524 50
2,885 26
29 10
743 44
87 26
1,625 38
230 12
5,128 29
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
25,555 96
62,568 71
44,920 42
80,961 86
40,681 53
92,495 02
18,393 95
81,838 48
13,451 21
53,501 09
7,273 00
16,000 00
8,274 00
17,000 00
8,653 00
10,000 00
8,000 00
16,539 50
8,000 00
8,927 00
4,215 00
6,000 00
3,615 00
7.000 00
12,305 00
14,110 00
3,000 00
14,100 00
1,522 15
3,700 00
2,893 85
3.000 00
3,000 00
2,604 55
3,500 00
2,733 15
1,200 00
4,980 15
219 63
6 33
2,009 78
138 45
402 05
2,649 62
169 29
403 03
874 44
214 93
120 91
547 04
115 82
98 55
2,035 48
$604,673 52
$632,217 02
$666,556 73
$708,490 87
$699,873 55
$50,000 00
10,000 00
$50,000 00
15,000 00
$50,000 00
15,000 00
$50,000 00
15,000 00
$50,000 00
15,000 00
13,933 90
7,448 61
500 00
7,027 76
6,885 62
7,160 60
28 00
96
82
76
47
156,982 16
9,022 29
159,075 12
5,557 11
151,578 41
11,759 84
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ...........
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
Commercial deposits subject to
check ......................................................
Commercial certificates of d e p o s it..
Cashier’s checks o u tsta n d in g ............
4 37
36 22
17 62
D ue to banks and b an kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
2,666 69
161,723 56
205,970 05
736 59
174,693 21
222,396 60
1,105 13
190,372 08
237,042 94
3,776 96
219,243 45
248,916 39
872 71
226,240 12
237,216 25
$604,673 52
$632,217 02
$666,556 73
$708,490 87
$699,873 55
Kr
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
98
62
25
47
152,586
8,816
28
9
153,852
6,489
27
9
STATE BANKS OF MICHIGAN.
53
No. 411.
T H E F IR S T STATE SAVINGS BANK OF BIRMINGHAM , BIRM INGHAM .
Organized Septem ber 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 s . H . C o b b , C a s h ie r .
D ir e c t o r s .— Frank Ford, Frank Hagerm an, Thom as H . Cobb, Frank Schlaack, W . W . Masters,
T. B. Sm ith, W . B. Harris.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fixtu res.........................
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
Report of
June ,7, ’l l . Sept. 1, ’l l .
$87,561 45
27,314 41
$68,576 47
47,664 41
$71,108 25
46,314 41
$77,116 62
46,820 22
$79,410 77
48,613 22
74,737 04
73,934 64
81,881 35
78,693 85
79,623 65
268 20
513 49
994 92
40 27
27 25
3,570 00
3,570 00
3,570 00
3,570 00
3,570 00
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited S tates bonds:
Savings d ep a rtm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
C om m ercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
32 08
7,684 79
10,500 00
12,995 11
11,000 00
7,342 52
11,000 00
24,505 06
13,004 05
34,440 02
13,632 52
300 00
1,661 00
6,500 00
2,834 00
1,665 00
4.000 00
4,691 00
3.000 00
3,625 00
3,300 00
3,000 00
347 50
3.000 00
237 50
4.000 00
105 00
3,602 50
143 40
166 00
184 30
547 00
391 10
97 50
795 00
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ............
81 54
168 58
228 56
340 61
261 46
563 80
1,077 82
477 04
210 83
1,003 18
T o ta ls................................................
$221,584 63
$225,643 92
$232,113 85
$257,077 01
$271,735 25
$20,000 00
200 00
$20,000 00
600 00
$20,000 00
600 00
$20,000 00
600 00
$20,000 00
600 00
2,185 09
1,754 86
1,976 45
3,380 11
1,143 89
26,957 27
47,316 48
26,012 68
34,500 26
25,098 14
43,903 06
29,353 78
56,023 59
32,784 65
68,222 95
5,000 00
4,000 00
2,000 00
96,139 85
28,785 94
99,303 01
43,473 11
104,423 89
31,112 31
120,838 21
22,881 32
132,036 53
14,046 44
900 79
$221,584 63
$225,643 92
$232,113 85
$257,077 01
$271,735 25
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
paid ......................................................
D ividends u n p a id ..................................
Commercial "deposits subject to
c h e c k ......................................................
Commercial certificates of d ep osit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
S tate m onies on d e p o s it.....................
D ue to banks and Bankers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
Bills pa y a b le.........................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
347 40
STA TE BAN KING D EPA R TM EN T.
54
No. 481.
*BLANCHARD STATE BANK, BLANCHARD.
Organized April 4, 1911.
W il l i a m J. O r r , P r e s id e n t ; A a r o n A m o n , V ic e P r e s id e n t ; A n d r e w
C h e s t e r C. M c D o n a l d , A s s i s t a n t C a s h ie r .
W. O r r , C a s h ie r ;
D i r e c t o r s .— W m. H . W allace, W m. J. Orr, George Billbrougii, Aaron Amon, E. J. Orr.
Resources.
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Loans and discounts:
Commercial department,
Savings departm ent,.........................
Bonds, m ortgages and securities:
P o m m o r n i ill HPTAa.rt TY
1PD t.
Saving« d ep artm en t.........................
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$42,008 88
1,550 00
$39,965 91
5,614 25
8,584 66
10,119 66
Overdrafts
............................
E xpenses, interest and ta x es paid,
31 59
37 25
B anking heu«e
>• >...................
Furniture and fixtures
5,000 00
1,231 27
5,000 00
1,231 27
D ue from other banks and bankers,
250 00
Item s in transit
U nited States bonds:
D ue from banks in reserve cities:
Commercial department. ............
Saving« departm ent,.........................
E xchanges for clearing house:
Commercial departm ent
Savings department,
U . S. and N ational bank currency:
Commercial department, . .
Savings department.
.........
Gold coin:
Commercial departm ent
Saving« departm ent,..
............
Silver coin:
Commercial departm ent ............
................
Savings departm ent,..
N ickels and cents:
Commercial department, ............
Savings department,
................
Checks and other ca.sh item s
T o ta ls................................................ | ..........................
L iabilities.
Capital stock pa,id in ..........................
Surplus fund
U ndivided profits, less losses, cur
rent expenses, interest and taxes
Dividend« unpaid
Commercial deposits subject to
check
.................................
Commercia,] certifica.tes of deposit .
Certified checks
C ashiers checks ontsta,nding. . .
State, m onies on d e p o s it.....................
D ue to hanks a.nd ha.nkers
Savings deposit,s.....................................
Savings certi fica.tes of d e p o s it.........
R eserved for ta,xes interest, etc
N otes a,nd hills rediscounted
Bill« payable
.....................
T o ta ls................................................
♦Commenced B usiness April 25, 1911.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7,859 11
1,076 74
3,687 60
1,801 74
2,150 00 '
500 00
3,095 00
200 00
280 00
585 00
401 00
105 00
675 00
100 00
13 48
20 07
128 62
31 01
$70,811 80
$72,522 31
$20,000 00
$20,000 00
157 31
915 74
16,941 66
20,979 36
617 00
16,112 87
16,752 40
5,000 00
289 64
5,000 00
210 00
6,906 47
162 00
13,289 66
$70,811 80
$72,522 31
| ........................
STATE BANKS OF MICHIGAN.
55
No. 163.
T H E B L IS S F IE L D STATE BANK, B LISSFIE LD .
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 R o t h f 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 ;
W . C. F u r 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 .— A. D . Ellis, Geo. F. Ford, H. B. H athaw ay, W m. R othfuss, Geo. W. D avenport,
L. H. R othfuss.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se .......................................
Furniture and fixtu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings d ep artm en t.........................
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$149,289 46
31,741 87
$150,816 07
32,389 77
$140,072 88
38,996 55
$88,006 55
49,801 00
$96,748 31
34,102 00
134,250 50
131,635 02
135,135 02
124,820 02
142,805 02
1,069 86
160 76
127 31
65 85
169 04
5.000 00
2.000 00
5.000 00
2.000 00
5.000 00
2.000 00
5.000 00
2.000 00
5.000 00
2.000 00
2,485 29
2,485 29
2,482 31
1,982 31
1,500 00
6,640 89
7,965 30
4,328 24
17,854 16
4,330 97
17,256 66
20,745 27
25,944 53
16,110 27
29,940 13
4,500 00
6,025 00
6,200 00
6,374 00
4,770 00
9,455 00
5,000 00
7,889 00
5,300 00
8,623 00
3,000 00
2,325 00
2,000 00
3,430 00
3,000 00
3,160 00
2.500 00
2.500 00
2,500 00
2,600 00
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
609 00
1,100 00
757 50
828 00
465 00
30 99
5,846 18
30 47
571 64
56 17
126 57
211 58
226 50
26 49
737 00
T o ta ls................................................
$362,779 34
$366,375 42
$366,726 94
$337,520 61
$348,626 26
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
3,388 53
1,016 52
2,349 93
2,271 82
2,593 07
42,575 30
57,051 69
58,091 77
50,249 70
37,888 63
55,162 96
39,983 69
58,271 36
44,264 89
59,310 96
199,763 82
193,017 43
204,575 42
211,993 74
217,457 34
35,000 00
39,000 00
7,250 00
34,500 00
$362,779 34
$366,375 42
$366,726 94
$337,520 61
$348,626 26
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ........................................................
D ividends un p aid ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep o sit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and bankers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red iscou n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
56
STA TE BAN KING D EPA R TM EN T.
No. 221.
T H E JIP S O N -C A R T E R STATE BANK, B LISSFIE LD .
Organized March 1, 1900.
W. C. J i p s o n , P r e s id e n t ; J o h n J. W a l p e r , C. E. H o w l a n d , V ic e P r e s i d e n t s ; C h a s . L. K i n g , C a s h ie r ;
J. G. B a u 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. C. Jipson, C. E . How land, J. C. H olt, John J. Walper, R . M. E ccles, Chas. L. King,
J. G. Bauer, W. H . Burns.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fixtures........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ...............................
Item s in tr a n s it......................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Report of
Report of
N ov. 10, '10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, '11.
$81,308 97
75,578 16
$91,810 29
64,084 72
$99,510 39
62,589 00
$86,076 75
32,868 85
$93,305 04
40,075 53
331,834 36
335,897 86
326,972 86
359,863 06
364,478 27
472 72
172 45
437 34
743 81
256 47
627 48
1,316 25
373 37
1,560 27
247 64
8,277 40
4,274 20
8,277 40
4,274 20
8,277 40
4,274 20
8,277 40
4,335 74
8,277 40
4,391 14
1,810 00
1,425 00
2,300 00
4,650 00
3,775 00
8,436 36
43,223 48
12,330 98
67,704 42
6,697 05
39,095 67
17,147 11
63,122 36
8,737 44
51,496 92
13,069 00
5.000 00
6,653 00
2,000 00
8,192 00
3.000 00
8,741 00
3.000 00
11,136 00
13,500 00
2.000 00
12,055 00
2,000 00
11,920 00
2.000 00
12,665 00
2.000 00
12,555 00
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Nickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ............
1,099 00
1,535 65
1,683 80
1,243 55
2,278 30
75 32
6,417 31
123 34
154 08
161 17
2,569 50
110 57
181 81
124 29
2,238 79
T o ta ls................................................
$589,548 73
$614,507 09
$579,126 99
$605,972 82
$609,677 03
$50,000 00
6,000 00
$50,000 00
7,000 00
$50,000 00
7,000 00
$50,000 00
7,000 00
$50,000 00
8,000 00
10,308 25
1,842 94
200 00
5,191 87
200 00
6,886 23
200 00
3,597 81
120 00
50,228 71
93,023 42
56,286 15
67,103 44
67,529 38
295,658 99
157,352 78
289,546 46
152,894 27
294,262 66
156,186 31
300,348 52
174,434 63
304,268 06
176,161 78
$605,972 82
$609,677 03
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d e p o sit. .
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
S tate m onies on d e p o s it.....................
D ue to banks and b an kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red 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
20,000 00
20,000 00
10,000 00
$589,548 73
$614,507 09
$579,126 99
STATE
BANKS
OF
M IC H IG A N .
57
N o. 436.
THE
FA R M E R S’ ST A T E
BANK
OF
B R E C K E N R ID G E ,
B R E C K E N R ID G E .
O r g a n iz e d A p r il 2 1 , 1 9 0 9 .
A l e x . Chisholm , P r e s id e n t ; A. L. Gil e s , B. L. H odge , V ic e P r e s id e n t s ; W. L. W e b st e r , C a s h ie r .
D irectors .— Alex . Chisholm, George J. Sandel, B. L. Hodge, A. L. Giles, J. L. Sm ith, E. Arnold,
Robert D onnan, Robert B osw ell.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Preminm a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
"Ranking house .....................................
Furniture and fix tu res........................
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$20,432 55
27,698 63
$17,350 56
30,792 16
$19,917 95
30,535 17
$30,280 95
28,665 95
$29,111 82
32,387 56
23,204 67
30,259 67
30,981 02
34,184 67
32,954 67
50 34
260 21
638 76
244 66
666 56
5.500 00
2.500 00
5.500 00
2.500 00
5.500 00
2.500 00
5,325 00
2,500 00
47 64
5,325 00
2,500 00
870 81
125 00
125 00
5,047 20
11,065 42
2,820 21
6,859 94
887 99
4,964 68
Other real esta,t,e
..........................
D ue from other banks and bankers,
not- reserve cities
..........................
Tterns in transit ...................................
U nited States bonds:
Savings d ep artm en t.........................
1
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial depa,rtment,
Savings departm ent,.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.. .
N ickels and cents:
Commercial d ep a rtm en t................
Savings department,
Checks and other cash ite m s ...........
T o ta ls................................................
.
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
paid
...................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of deposit
Certified checks
................................
Cashier’s checks o u tstan d in g .........
State m onies on d e p o s it. . ,
D ue to hanks and hankers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
y^ppprved for ta x es interest e t c . . .
N otes and hills rediscounted .........
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1,622 31
4,848 56
8,857 88 1
3,056 92 j
685 00
3,174 00
1,257 00
5,208 00
2,026 00
3,727 00
2,187 00
4,260 00
700 00
4,800 00
1,360 00
1,435 00
1,490 00
1,530 00
1,610 00
407 90
736 95
3 00
243 30
652 80
3 50
153 45
82 00
37 53
03
13 55
36 73
92
361 94
63 07
28
323 50
77 09
19 87
51 45
56
19 89
$107,616 94 | $114,929 48
$119,736 64
$116,388 27
$20,000 00
900 00
$91,535 07
$20,000 00
600 00
$20,000 00
800 00
$20,000 00
800 00
$20,000 00
800 00
13 11
3 99
370 44
335 41
10,636 07
16,057 28
15,960 15
16,644 70
6,452 47
11,115 13
7,573 67
26,999 14
33,286 75
30,645 38
40,110 29
34,301 48
43,497 41
34,281 21
41,222 85
36,850 19
39,949 28
$91,535 07
$107,616 94
$114,929 48
$119,736 64
$116,388 27
58
STA TE BANKING D EPA R TM EN T.
No. 187.
F IR S T STATE SAVINGS BANK O F B R E C K E N R ID G E , B R E C K E N R ID G E .
Organized April 7, 1896.
J a m e s B . Cr a w f o r d , P r e s id 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. Cr a w f o r d , C a s h ie r ; H e n r y C. M e a 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 .— Jam es B. Crawford, W. O. W atson, L. Waggoner, Adam Johnstone, John M itchell, Jr.,
Jam es P. Gibbs, Alf. F. Crawford, Thos. Crawford, Mrs. C. Peterm an.
Resources.
Loans and discounts:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it......................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d .* .....................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial deposits subject to
c h e c k ...............................................
Commercial certificates of d ep osit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and bankers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls.....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
R eport of
N ov. 10, '10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
i !
$97,995 19
$95,463 93
$107,767 36
$114,913 11
$115,463167
65,920 63
5,302 57
37,975 28
44,941 58
7,000 00
49,241 58
i ! ' !' y
3,020 17
61,751 41
1,185 15
691 17
1,150 11
1,472 90
1,050 09
1 1 L laii
1,219 40
1,500 00
1,219 40
1,500 00
1,219 40
1,500 00
1,219 40
1,500 00
1,219 40
1,500 00
1,200 00
1,200 00
1,200 00
1,200 00
1,200 00
9,054 71
877 60
12,035 07
9,597 15
9,101 69
14,671 56
A
7,025 23
6,841 07
9,382 85
10,338 36
3,474 71
18,083 32
3,178 90
17,424 27
7,621 03
21,961 48
5,677 32
10,390 09
10,942 99
3,874 00
5,000 00
5,843 00
8,000 00
7,831 00
1,000 00
6,686 00
4,000 00
4,241 00
4,500 00
1,075 00
1,130 00
1,235 00
410 00
1,000 00
269 90
170 00
1,738 30
200 00
1,535 30
400 00
1,981 00
260 00
408 30
100 00
39 82
21 24
182 62
1 57
100 50
26 41
143 83
18 62
29 08
36 47
224 82
$180,572 93
$205,006 01
$229,940 21
$243,121 78
$234,860 46
$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
1,215 37
306 42
397 98
227 10
619 92
34,891 52
54,749 81
61,664 88
53,582 66
69,048 43
70,204 78
61,523 91
58,498 37
49,044 16
50,929 67
10,937 43
36,778 80
15,114 22
42,337 83
16,744 09
41,544 93
26,412 33
49,460 07
27,402 23
59,864 48
15,000 00
15,000 00
$205,006 01
$229,940 21
$243,121 78
$234,860 46
1,150 00
10,000 00
$180,572 93
59
STATE BANKS OP MICHIGAN.
No. 452.
T H E B RIG H TO N STATE BANK, B RIGH TON .
Organized April 11, 1910.
W. P. V a n W i n k l e , P r e s id e n t ; W. T. F r y , V ic e P r e s id e n t ; L. R . M a n n i n g , C a s h ie r .
D ir e c t o r s .— J. A. Nelons, Chas. E.
Placew ay, W. T. Fry, F. M. Bergin, Albert L. Sm ith,
L. R . M anning, W . P. Van W inkle.
R esources.
Report of
Report of
Nov. 10, ’10. Jan. 7, ’l l .
Loans and discounts:
Commercial d ep artm en t................
Savings department,
Bonds, m ortgages and securities:
Commercial departm ent
Savings departm en t.........................
Overdrafts
..........................................
E xpenses, interest and ta x e s paid,
exceeding earnings...........................
B anking house
..............................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve cities
Item s in transit
U nited States bonds:
Savings departm ent
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial departm ent
Savings departm ent
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Silver coin:
Commercial departm ent,................
Report of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$9,587 25
$14,209 49
$11,174 93
$13,544 86
$8,997 52
1,000 00
24,634 75
1,000 00
26,145 43
11,013 83
20,701 75
20 69
56 08
3 28
1,359 73
1,482 91
1,427 06
100 00
100 00
100 00
1,505 83
2,081 88
100 00
1,584 29
5,278 23
100 00
300 00
300 00
300 00
300 00
300 00
1,504 29
522 17
70 00
1,519 30
3,454 37
3,991 17
4,865 51
7,151 42
5,715 93
7,949 82
7,802 75
1,495 99
5,076 62
925 00
3,000 00
519 00
4,500 00
3,233 00
2,000 00
1,920 00
2,000 00
1,521 00
4,000 00
350 00
245 00
315 00
335 00
215 00
542 50
487 40
320 70
345 70
591 75
73 80
238 62
13,619 08
20,602 17
•
29,084 75
N ickels and cents:
Com m erc.i a,l d epartm e n t ................
20 35
21 50
30 42
39 33
Ohecks and other oa,sh ite m s ............
254 04
163 50
138 50
313 50
10 00
T o ta ls................................................
$48,873 59
$58,870 57
$61,987 99
$68,628 39
$63,544 20
L iabilities.
Capital stock paid in ............................
$20,000 00
$20,000 00
$20,000 00
$20,000 00
$20,000 00
10,957 20
13,362 75
13,570 31
18,223 47
13,474 94
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
7,191 59
10,724 80
8,260 67
17,247 15
11,456 72
16,960 96
12,200 73
18,204 19
15,851 32
14,217 94
T o ta ls................................................
$48,873 59
$58,870 57
$61,987 99
$68,628 39
$63,544 20
U ndivided profits, less losses, cur
rent expenses, interest and taxes
Commercial deposits subject to
check ...................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
60
STA TE BAN KING D EPA R TM EN T.
No. 457.
*T H E B RITTO N STATE SAVINGS BANK, BRITTO N.
Organized A ugust 12, 1910.
T h e o d o r e M. J o s l i n , P r e s id e n t ; R o l l a n d C. R o t h f u s s , V ic e P r e s id e n t ; B u r t o n E. G i l e s , C a s h ie r .
D i r e c t o r s .— Theodore M. Joslin. Rolland C. R othfuss, Sam uel O. R othfuss, B urton E. Giles,
Charles L. R obertson, A m asa V an D eventer, E dgar E xelby.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
R eport of
Junê 7, ’l l . Sept. 1, ’l l
123,507 01
4,268 25
$23,946 11
1,768 25
$21,924 04
6,248 87
$24,050 13
11,866 75
4,732 33
8,100 00
1,500 00
11,022 83
13,522 83
11,100 00
2,500 00
2,179 00
2 91
2,500 00
2,209 00
2,500 00
2,380 37
2,500 00
2,385 67
1,771 46
2,000 00
1,067 28
4,506 31
709 20
1,227 00
850 00
690 00
709 00
370 00
663 00
1,500 00
1,026 00
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x e s paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fix tu r es........................
141 73
*
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
25 00
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ........................................................
D ividends un p aid ..................................
Commercial deposits subject to
check ......................................................
Commercial certificates of d ep o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
S tate m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . ..
N otes and bills red isco u n ted ............
Bills p a y a b le............................................
T o ta ls................................................
253 93
3 00
161 50
3 00
198 25
70 00
285 00
52 91
49 09
7 95
47
50 44
1,341 92
73
65 27
252 88
1 16
50 36
1,250 80
$51,640 66
$46,972 71
$52,660 55
$56,795 07
$20,000 00
$20,000 00
$20,000 00
$20,000 00
180 25
570 67
*
■V-
129 55
5,977 15
3,709 78
2,923 71
264 14
2,817 77
1,479 02
7,321 72
1,614 57
14,078 34
1,189 00
13,075 86
2,374 50
20,912 12
4,317 41
21,700 70
4,587 41
6,556 84
5,834 50
2,500 00
2,953 98
$51,640 66
$46,972 71
$52,660 55
*V oluntary liquidation July 27, 1911.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1,000 00
$56,795 07
61
STATE BANKS OF MICHIGAN.
No. 409.
T H E F IR S T STATE SAVINGS 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 u r t o n P. T a g g a r t , C a s h i e r ;
F r a n k T . S h a f f m a s t e r , A s s i s t a n t C a s h ie r .
|
D i r e c t o r s .— C. J. Holm es, Richard Coward, Joseph E . W atson, J. F. Werner, C. G. Babcock,
W m. B . Bushnell, E. W. Werner, Frank Coward, W ells Knapp.
Resources.
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep artm en t................
Savings d e p a r tm e n t... . . . . . . . . .
Bonds, m ortgages and securities:
$66,801 77
18,821 00
$65,857 62
17,000 00
$42,978 64
17,000 00
$46,765 98
17,036 78
$58,277 41
26,000 00
Savings departm en t.........................
98,553 82
97,068 82
104,186 06
98,161 06
99,611 06
O verdrafts............................................■
E xpenses, interest and ta x es paid,
1,142 34
1,254 13
1,223 81
757 76
23 05
B anking h o u se ........................................
Furniture and fix tu r es........................
7,400 36
2,311 13
7,400 36
2,311 13
7,400 36
2,317 28
7,400 36
2,317 28
7,400 36
2,477 89
779 90
1,166 73
850 57
250 57
46,641 92
12,787 80
13,501 22
25,960 37
21,881 23
47,646 77
18,325 09
30,867 59
6,164 71
20,531 38
2,784 00
7.000 00
1,996 00
4,500 00
4,367 00
4.000 00
2,200 00
4.000 00
432 00
2.500 00
D ue from other banks and bankers,
Item s in tr a n s it.....................................
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
2.000 00
2,000 00
720 00
140 00
3.000 00
45 00
3.000 00
190 00
3.500 00
Silver coin:
Commercial d ep a rtm en t................
1,331 75
1,253 35
1,406 90
691 95
1,031 10
N ickels and cents:
Commercial d ep a rtm en t................
250 25
292 78
388 62
305 15
305 42
Checks and other cash it e m s ............
656 05
i,715 94
316 3Ì
85 86
498 66
T o ta ls................................................
$269,607 09
$243,998 45
$259,103 55 | $232,210 43
$228,943 04
$50,000 00
1,400 00
$50,000 00
1,600 00
$50,000 00
1,600 00
$50,000 00
1,700 00
$50,000 00
1,900 00
346 62
872 34
1,315 43
1,255 31
492 12
82,537 75
65,380 57
73,564 61
50,571 51
42,532 73
1,000 00
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
Commercial deposits subject to
c h e c k .............. ................................ •••
345 00
Cashier’s checks o u tsta n d in g ............
S tate m onies nn deposit
20 00
270 00
14 00
2,500 00
230 00
17 00
2,500 00
Savings d ep o sits.........................
Savings certificates of d e p o s it.........
14,906 63
120,396 09
14,574 75
111,300 79
15,689 85
114,419 66
14,633 00
111,303 61
16,016 37
116,955 82
T o ta ls................................................
$269,607 09
$243,998 45
$259,103 55
$232,210 43
$228,943 04
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
46 00
62
STA TE BANKING D EPA R TM EN T.
No. 312.
T H E 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. T. P a r k e r , V ic e P r e s id e n t ; A. E. S h e k e l l , C a s h ie r .
D i r e c t o r s .— W. S. Culver, W. T. Parker, Jam es H . Loomis, J. W. Pierce, Allen W . Dunn,
Francis M. R ichardson, Frank H . Brown, W. J. N eely, J. D . Reed.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, mortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fix tu res........................
R eport of
R eport of
N ov. 10. ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$49,425 00
32,057 06
$55,785 57
30,581 51
$54,073 10
33,083 29
$58,629 90
24,961 40
$50,500 15
30,628 72
74,471 17
75,471 17
73,324 30
73,986 80
4,560 00
72,609 30
1,438 93
421 90
220 77
432 40
198 14
7,500 00
1,900 00
7,500 00
1,900 00
7,500 00
1,900 00
7,500 00
1,900 00
7,500 00
1.600 00
4,033 99
17,130 17
1,576 64
13,364 84
6,691 55
13,973 03
3,449 23
9,066 05
2,157 95
12,929 48
171 36
369 66
723 08
430 01
372 07
461 24
2,906 00
300 00
4,123 00
400 00
2,590 00
1,000 00
1,017 00
2,635 00
1,937 00
2,350 00
7,506 30
7,851 30
861 30
7,300 00
7,281 30
2,726 30
5,000 00
42 85
33 80
492 60
21 00
168 45
110 00
62 25
30 00
100 00
33 30
25 08
5 02
6 25
67 58
1 68
18 70
29 58
27 16
69 46
10 89
12 70
226 70
13 04
36 03
143 30
$198,952 98
$200,670 23
$203,352 00
$191,573 69
$195,483 95
$25,000 00
10,000 00
$25,000 00
10,000 00
$25,000 00
10,000 00
$25,000 00
10,000 00
$25,000 00
10,000 00
2,895 62
1,724 07
312 00
3,661 60
40 00
4,142 48
40 00
4,277 71
29,553 84
35,219 58
35,832 62
34,417 97
32,619 41
39,879 34
91,624 18
46,998 23
81,416 35
47,117 49
81,700 29
44,575 03
73,398 21
46,383 61
77,203 22
$198,952 98
$200,670 23
$203,352 00
$191,573 69
$195,483 95
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
S’lver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Nickels and cents:
Commercial d ep artm en t. . , .........
Savings departm en t.........................
Checks and other cash ite m s ...........
T o ta ls............... ................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
check .....................................................
Commercial certificates of d ep osit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
Due to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e tc . . .
N otes and bills red 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.
63
No. 310.
T H E FA RM ER S’ 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. Ennis, H . A. Ladd, T. B . H alladay, Jam es H . Loomis, C. L. Vaughan, Chas. Atkinson,
J. M. Horning, E. N . Palmer, D . J. B oyce.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Prem i 11m a c co im t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
"R ankin g house
...................................
Furniture and fixtu res.........................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$43,984 90
39,737 64
$44,873 52
39,599 09
$40,043 86
36,501 50
$44,290 10
43,550 89
$44,945 94
42,649 56
57,592 00
60,222 00
60,202 00
63,757 00
67,047 00
285 98
609 07
1,913 00
1,913 00
1,913 00
1,913 00
1,913 00
1,800 00
12,271 50
1,700 00
11,932 47
2,300 00
15,414 91
1,300 00
11,312 30
1,400 00
16,009 61
187 37
964 90
15 43
61 73
953 75
775 34
738 24
100 00
243 16
523 00
3,140 00
706 00
2,827 00
693 00
3,200 00
400 00
2,611 00
500 00
2,695 00
200 00
1,925 00
440 00
1,755 00
205 00
1,800 00
350 00
2,180 00
400 00
2,225 00
325 00
1,349 90
316 67
1,241 68
199 75
1,400 00
350 00
1,708 75
450 00
1,389 55
40 00
100 88
31 13
117 98
25 11
190 00
72 86
136 54
50 00
102 43
$166,055 09
$167,752 70
$165,817 22
$174,956 66
$182,729 32
$25,000 00
3,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
4,624 05
1,158 27
36 00
2,327 28
2,170 03
3,266 02
16,349 22
18,801 48
14,006 19
16,791 91
18,306 30
68,338 59
48,743 23
72,531 55
45,225 40
70,686 53
48,797 22
66,821 71
59,173 01
68,865 29
62,291 71
$166,055 09
$167,752 70
$165,817 22
$174,956 66
$182,729 32
Other real esta te .................................
D ue from other banks and bankers,
not reserve, c it ie s ..............................
Item s in transit ...................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities: ■
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of deposit
Certified checks .
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it...................
D ue to banks and b an kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills rediscounted
....
Bills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
64
STA TE BAN KING D EPA R TM EN T.
No. 216.
BROW N CITY SAVINGS BANK, BROW N 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 .— J. L. B enedict, A. E . Sleeper, Charles Noble, H ugh McNair, D an C. Merrill,
J. P. Niggem an, Jr., J. E. Campbell.
R esources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .....................................
Furniture and fixtures......................
R eport of
R eport of
N ov. 10, TO. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$142,864 44
6,331 51
$140,903 89
9,131 51
$146,126 56
7,742 00
$154,718 85
6,142 00
$163,292 87
8,157 31
25,587 45
24,056 00
23,197 75
24,913 33
26,613 33
591 91
285 29
300 61
556 74
722 66
8,189 71
2,000 00
12,000 00
3,000 00
12,000 00
3,000 00
12,000 00
3,000 00
12,000 00
3,000 00
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
800 00
17,787 94
3,540 77
12,095 76
6,545 76
18,384 23
3,550 80
1,538 22
15,107 56
3,558 09
10,722 68
4,065 60
1,042 88
1,832 67
10,534 00
7,870 00
8,478 00
8,195 00
10,742 00
270 00
2,515 00
70 00
2,600 00
1,957 50
262 50
2,200 00
362 50
2,200 00
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
484 10
3 00
643 20
392 90
316 00
437 45
91 25
708 10
24 20
252 48
47
62 37
238 29
95
50 65
238 30
06
25 50
278 90
248 87
62 09
33 76
T o ta ls................................................
$222,553 37
$219,491 30
$225,710 21
$232,566 64
$245,526 55
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
6,352 56
5,288 60
1,500 00
5,343 56
6,049 70
6,517 82
31,055 52
105,953 29
33,910 51
105,753 54
34,576 02
118,352 08
45,997 23
113,440 20
41,144 30
120,504 15
1,213 80
704 43
674 44
174 84
1,299 84
37,978 20
42,334 22
36,764 11
36,904 67
41,060 44
$219,491 30
$225,710 21
$232,566 64
$245,526 55
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial ‘deposits subject to
c h e c k .....................................................
Commercial certificates of d ep o sit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers..............
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red 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
10,000 00
$222,553 37
5,000 00
STATE BANKS OF MICHIGAN.
65
No. 253.
C IT IZ EN S’ STATE SAVINGS BANK, BROW N CITY.
Organized Ja n u a ry 8, 1902.
J o h n J. K e a r n s , P r e s id e n t ; D a n i e l W e b s t e r , L. H . H o w s e , V ic e P r e s id e n t s ; D . A. M c K e i t h , C a s h ie r ;
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 .
D i r e c t o r s .— John J. K earns, H ugh M cPhee, L. H. H ow se, John W. W eed, D aniel W ebster,
H arvey Tappan, D . A. M cK eith, H ugh McLeod.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding g a m in g s...........................
Banking h o u se . . . .................................
Furniture and fix tu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s .........
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial ‘deposits subject to
c h e c k .....................................................
Commercial certificates of d e p o s it..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
S tate m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
9
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
$137,799 92
28,713 04
$145,253 59
28,713 04
$141,486 39
30,977 17
$159,150 58
28,103 00
$161,920 01
29,619 00
61,153 00
62,898 00
61,398 00
59,165 00
64,665 00
1,517 48
359 96
32 85
122 06
664 22
4.000 00
1,850 00
4.000 00
1,850 00
4.000 00
1,850 00
4.000 00
1,850 00
4.000 00
1,850 00
1.000 00
1.000 00
1.000 00
1.000 00
1.000 00
2,462 87
7,493 33
6,874 76
3,055 15
9,312 63
16,370 93
11,926 28
15,468 02
11,132 09
21,645 68
11,143 55
21,145 27
11,470 52
16,933 62
21,832 29
796 28
752 44
497 99
4 03
6,682 00
2,000 00
9,259 00
1,000 00
8,816 00
2,000 00
7,152 00
11,867 00
500 00
80 00
5,000 00
75 00
5,000 00
1,045 00
4,000 00
10 00
6,000 00
95 00
6,000 00
412 25
275 40
122 10
1,146 55
281 65
308 00
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
|
131 55
$281,895 60
142 74
202 53
178 38
........................ i......................... | .........................
849 98
$294,672 61 \ $297,197 49 | $303,576 69
$331,568 78
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
8,158 84
5,484 34
2,500 00
7,449 57
7,805 03
8,467 12
29,498 59
104,440 58
39,933 79
104,995 61
36,609 28
114,607 92
28,524 53
128,598 57
27,180 94
138,256 60
5,000 00
5,000 00
81,485 86
27,828 73
88,374 36
23,384 51
88,482 21
20,048 51
90,557 31
13,091 25
113,262 12
9,402 00
$281,895 60
$294,672 61
$297,197 49
$303,576 69
$331,568 78
483 00
STA TE BAN KING D EPA R TM EN T.
66
No. 212.
T H E B U R R OAK STATE BANK, B U R R OAK.
Organized December 21, 1898.
H . P. M o w r y , P r e s id e n t ; M. F. S m i t h , W m . M a l l o w , V ic e P r e s id e n t s ; S. H . H o g l e , C a s h ie r .
D i r e c t o r s .— H. P. Mowry, J. S. Shennem an, C. J. H olm es, M. F. Sm ith, W m. Mallow, S. H . Hogle,
Harry R uple.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fixtu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ...............................
Item s in tr a n s it....................... ..............
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ...............................................
DiVidends u n p a id ..................................
Commercial deposits subject to
check .....................................................
Commercial certificates of deposit..
Certified c h e c k s........................? ...........
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$22,830 65
24,346 83
$19,215 55
29,473 77
$17,301 80
26,266 39
$19,737 90
27,593 35
$21,174 13
25,684 89
50,027 50
48,232 50
49,422 50
49,342 50
51,986 25
15 92
74 32
32 57
56 63
33 57
3,300 00
1,900 00
3,300 00
1,900 00
3,300 00
1,900 00
3,300 00
1,900 00
3,300 00
1,900 00
3.000 00
3.000 00
3.000 00
5,000 00
5.000 00
3.000 00
5.000 00
500 00
500 00
500 00
500 00
500 00
3,771 40
6,880 32
4,269 80
8,186 09
10,389 58
6,416 29
5,322 92
8,311 63
11,770 04
5,700 51
474 00
1.500 00
1,052 00
1,000 00
1,218 00
1,000 00
1,545 00
1,000 00
1,090 00
15 00
3.500 00
450 00
3,500 00
150 00
3,500 00
715 00
3,500 00
25 00
4,500 00
394 40
329 05
495 05
202 90
136 75
104 72
109 92
77 87
87 90
16 22
151 38
160 61
249 30
175 50
145 00
$119,712 12
$126,753 61
$130,219 35
$129,291 23
$135,968 36
$15,000 00
3,000 00
$15,000 00
3,000 00
$15.000 00
3,000 00
$15,000 00
3,000 00
$15,000 00
3,000 00
3,306 08
2,003 78
2,160 25
3,085 39
2,092 13
16,033 32
20,313 78
20,244 39
13,823 99
14,567 32
82,372 72
86,436 05
89,814 71
94,381 85
101,308 91
$126,753 61 | $130,219 35
$129,291 23
$135,908 36
$119,712 12
STATE BANKS OP MICHIGAN.
67
No. 313.
STATE BANK OF BYRON, BYRON.
Organized June 7, 1905.
L. C. K a n o u s e , P r e s id e n t ; S e w a r d C h a f f e e , C. A. F r i t z , V ic e P r e s id e n t s ; J. L. V a n A l s t i 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, Seward Chaffee, Orlando Lee,
F. S. R uggles, E. D. W iltse.
R esources.
Loans and discounts:
Commercial d ep a rtm en t..............
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts..............................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fixtu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ...............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t......................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
S tate m onies on d e p o s it.....................
D ue to banks and bankers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$62,279 46
$64,195 72
$57,324 90
$51,233 35
$61,444 11
10,000 00
100,380 44
6,000 00
103,777 38
5,000 00
105,800 94
5,000 00
104,267 44
9,200 00
102,103 44
384 21
364 30
485 07
419 35
269 71
2,000 00
1,400 00
2,000 00
1,400 00
89 69
2,000 00
1,300 00
2,000 00
1,300 00
1,800 00
1,200 00
2,890 43
1,330 51
5,150 00
1,262 49
2,649 91
8,514 07
3,397 65
9,549 22
5,830 60
11,995 24
9,861 25
16,183 51
11,262 99
11,195 95
4,664 00
1,300 00
4,850 00
2,100 00
3,155 00
3,000 00
2,358 00
2,445 00
2,500 00
2,990 00
6,130 00
4,090 00
4,230 00
4,585 00
4,520 00
1,000 00
20 00
250 00
275 00
500 00
310 00
255 00
500 00
190 00
48 27
7 19
660 03
12 68
39
30 43
45 29
11 45
51 66
88 46
10 19
563 26
46 66
4 38
$204,328 01
$203,623 28
$200,819 84
$206,029 81
$210,489 73
$20,000 00
3,525 00
$20,000 00
3,525 00
$20,000 00
3,700 00
$20,000 00
3,700 00
$20,000 00
4,000 00
938 26
1,321 16
1,907 92
298 15
17,421 78
41,091 27
25,282 48
33,702 65
22,702 39
29,379 82
18,638 58
34,037 17
17,115 21
48,072 60
116,351 70
119,791 99
125,037 63
127,746 14
121,003 77
$203,623 28
$200,819 84
$206,029 81
$210,489 73
5,000 00
$204,328 01
STA TE BAN KING D EPA R TM EN T.
68
No. 181.
T H E CADILLAC STATE BANK, CADILLAC.
Organized O ctober 30, 1895.
A. W. N e w a r k , P r e s id e n t ; F. L. R e e d , 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 i r e c t o r s — F. J. Cobbs, S. W. Kramer, W. W. M itchell, Fred A. D iggins, Joseph Murphy,
Fred L. Reed, Geo. F. W illiam s, A. W. Newark, D . B. K elley, C. T. Mitchell, H enry K now lton.
Resources.
R eport of
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l . j Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
1
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm ent,.........................
Bonds, m ortgages and securities:
$363,875 94
161,500 00
$343,375 65
168,000 00
$368,371 78
174,280 00
$347,528 85
191,960 00
$326,374 68
231,850 00
Savings d ep artm en t.........................
251,808 38
252,805 02
247,359 36
251,594 58
278,280 34
O verdrafts................................................
E xpenses, interest and ta x es paid,
4,283 77
5,001 93
3,014 02
205 48
"Banking h o u se .......................................
Furniture and fix tu r es........................
16,500 00
2,000 00
16,500 00
2,000 00
16,500 00
2,000 00
1,421 63
.
16,500 00
2,000 00
82 70
30 88
223 31
76 54
Savings d ep artm en t.........................
20,000 00
20,000 00
20,000 00
20,000 00
5,000 00
15,000 00
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
98,487 25
31,494 99
46,947 91
31,599 94
29,058 45
32,216 57
136,906 71
33,398 69
89,497 75
33,560 56
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
19,102 00
25,802 00
14,430 00
14,000 00
640 00
12,262 00
6,945 00
30,000 00
5,820 00
30,000 00
10,540 00
27,000 00
15,765 00
28,000 00
15,200 00
30.000 00
3,032 25
2,266 00
300 00
1,205 80
900 00
2,232 40
73 95
1,890 00
500 00
995 24
1,041 80
41 26
1,823 43
829 94
37 55
2,085 53
832 80
2,769 76
4,624 04
674 33
182 93
1,790 59
T o ta ls................................................ $1,012,877 28
$953,355 82
$950,052 31 $1,067,555 19
$1,060,768 66
$100,000 00
35,000 00
$100,000 00
35,000 00
$100,000 00
35,000 00
$100,000 00
35,000 00
$100,000 00
35,000 00
7,765 06
372 00
10,044 22
5,381 46
3,000 00
7,525 37
9,090 23
3.000 00
366,877 69
8 71
298,085 42
8 71
268,747 67
8 71
387,830 34
8 71
320,984 81
8 71
8,572 85
217,758 70
276,522 27
6,971 25
218,644 96
284,601 26
11,120 99
228,980 33
272,813 15
11,523 55
224,907 77
300,759 45
3,311 08
233,850 47
355,523 36
T otals -............................................... $1,012,877 28
$953,355 82
$95.0,052 31 $1,067,555 19
!
$1,060,768 66
16,500 00
2,000 00
D ue from other banks and bankers,
Item s in tr a n s it.....................................
U nited States bonds:
O OIIllIlclLiai u u jjtu i/incuii.................
Gold coin:
Commercial departm ent.................
Savings departm ent,.........................
Silver coin:
Commercial d ep a rtm en t................
Savings department,
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm ent
Checks and other cash ite m s ............
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
.................................................
paid
Commercial deposits subject to
check ...................................................
Commercial certificates of d e p o s it..
Due t n banks a,nd b an kers................
Savings d ep o sits.....................................
Savings certificates 9f d e p o s it.........
rtesei veu iui icuaco, hhcicci,
...
25,000 00
B ills p a y a b le ..'........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
69
No. 261.
P E O P L E ’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 e n r y B a l l o u , V ic e P r e s id e n t ; G e o r g e C h a p m a n , C a s h ie r ;
A. G. C h a p 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 .— E. J. H aynes, H enry Ballou, S. H. Merritt, Jam es English, C. H. Drury,
John P. W ilcox, Jam es Mather, George Chapman, Charles B arton.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts.....................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fix tu res......................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$165,532 14
54,510 31
$150,307 26
72,259 52
$190,889 37
61,349 47
$174,249 06
63,550 79
$157,334 46
94,907 79
24,000 00
249,520 95
24,000 00
244,210 53
27,000 00
250,815 53
32,600 00
265,071 53
32,600 00
256,520 35
254 43
151 18
277 13
505 74
456 85
37,000 00
2,000 00
37,000 00
2,000 00
37,000 00
2,000 00
37,000 00
2,000 00
37,000 00
2,000 00
21,781 77
35,000 00
22,387 01
35,000 00
91,218 59
35,000 00
43,044 28
60,000 00
24,371 98
50,000 00
128 84
2,156 11
714 02
1,237 65
680 70
10,568 00
500 00
15,845 00
10,740 00
16,355 00
5,000 00
14,658 00
5,000 00
85 00
19,500 00
215 00
20,000 00
1,260 00
20,000 00
120 00
20,000 00
155 00
20,000 00
4,432 15
6,411 95
4,539 95
2,549 45
4,479 75
256 61
406 67
597 99
447 80
370 79
713 68
1,383 38
698 54
432 14
3,508 58
$625,783 88
$633,733 61
$734,100 59
$724,163 44
$704,104 25
$75,000 00
20,000 00
$75,000 00
20,000 00
$75,000 00
20,000 00
$75,000 00
20,000 00
$75,000 00
20,000 00
7,280 29
12,281 49
8,883 25
150 00
7,214 69
75 00
11,937 92
154,022 70
144,430 11
259,138 51
200,889 45
179,048 39
190,865
167,615
1,000
10,000
197,932
173,089
1,000
10,000
62
39
00
00
206,356 42
164,572 41
219,303 06
201,681 24
213,248 65
204,178 87
690 42
$033,733 61
$734,100 59
$724,163 44
$704,104 25
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
' Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d e p o s it..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it.....................
Due to hanks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
Bills p a y a b le............................................
50
39
00
00
T o ta ls................................................ ! $625,783 88
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE B AN KING D EPA R TM EN T.
70
No. 291.
T H E STATE BANK O F CALEDONIA, CALEDONIA, MICHIGAN.
Organized June 11, 1904.
C h a 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 ie 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 .— Chas. R ice, Isaac G. W enger, John T. Sm ith, John R . Proctor, Seth Gray, A. T. Slaght.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
aocoi 1nt,....................
O verdrafts................................................
E xpenses, interest and ta x es paid,
p.xo.ood in e: oarn in gs................
B anking h o u se ........................................
Furniture and fix tu res........................
Report of
R eport of
N ov. 10, '10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
$100,116 54
39,882 57
$99,567 55
39,537 50
$95,940 71
30,977 50
$100,011 05
34,420 00
$104,029 76
36,957 50
92,478 01
101,078 01
113,927 01
10,000 00
95,120 85
108,845 85
3,555 52
212 82
1,167 51
671 79
616 40
700 00
700 00
700 00
700 00
700 00
Promi11m
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savi n gs d op art m en t,.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d e p o s it..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
1,400 00
5,067 65
17,634 86
8,929 21
15,758 64
4,486 10
20,567 84
11,841 78
24,728 61
5,772 76
20,130 84
2,800 00
4,156 00
3,200 00
7,240 00
1,815 00
7,784 00
4,015 00
5,298 00
2,815 00
8,009 00
3,200 00
45 00
3,300 00
267 50
4,685 00
202 50
4,185 00
150 00
4,185 00
390 00
2,023 20
1,857 05
1,695 35
1,523 30
1,590 15
73 56
5 00
36 74
34 72
65 23
44 15
$271,737 91
$281,685 02
$291,383 24
$292,730 61
$294,086 41
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
6,000 00
3,409 00
1,627 58
555 00
3,653 15
100 00
4,634 85
100 00
3,678 71
175 00
18,936 06
58,276 48
28,075 19
61,235 90
24,294 00
60,406 35
27,679 42
74,873 27
26,540 56
61,648 68
86,504 11
79,612 26
90,373 54
74,817 81
84,745 73
93,184 01
85,344 16
75,098 91
95,550 77
80,492 69
$271,737 91
$281,685 02
$291,383 24
$292,730 61
$294,086 41
STATE BANKS OF MICHIGAN.
71
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. 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 l 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 .— Thom as H oatson, W m. C. Kinsm an, J. W. Selden, W. J. Uren, Edward U lseth, Joseph
Vertin, Thom as H. Collins, Joseph Bosch, F. J. Kohlhaas, G. Martini, C. J. Morrison.
R esources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, mortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking house i .....................................
Furniture and fix tu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d ep o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g...........
State m onies on d e p o s it.....................
D ue to banks and b a n k e r s...............
Savings d ep o sits........... .........................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e tc . . .
N otes and bills red 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
R eport of
R eport of
Nov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$362,593 97
72,414 65
$341,336 18
69,914 65
$338,452 03
98,014 65
$334,218 45
99,300 70
$365,137 11
98,300 70
90,049 51
88,919 60
91,681 40
92,496 24
97,279 66
66 74
53 02
51 71
28 52
64 64
50,000 00
8,733 71
50,000 00
8,733 71
50,000 00
8,733 71
50,000 00
8,733 71
50,000 00
8,733 71
225 20
463 62
482 93
1,652 62
274 77
42,324 20
22,057 63
41,436 10
25,874 65
54,860 81
12,594 22
35,278 13
12,062 67
36,665 99
19,335 39
25,997 00
37,000 00
19,496 00
46,000 00
23,787 00
37,500 00
25,334 00
43,500 00
24,035 Off
39,500 00
16,260 00
18,972 50
18,902 50
19,790 00
20,517 50
6,641 50
7,227 05
2,398 95
7,226 05
3,060 30
827 62
572 12
328 11
520 22
349 68
614 81
1,702 50
2,733 58
7,289 83
1,386 19
$735,806 54
$720,701 70
$740,521 60
$737,431 14
$764,640 64
$100,000 00
30,000 00
$100,000 00
30,000 00
$100,000 00
30,000 00
$100,000 00
30,000 00
$100,000 00
30.000 00
14,825 85
18,720 87
16,329 01
19,651 20
21,986 00
75 00
296,104 32
75,000 00
262,485 93
75,000 00
258,166 46
75,000 00
284,247 45
75.000 00
1,239 32
1,804 33
149,378 80
69,258 25
160,270 02
72,420 55
161,525 56
79,368 97
$735,806 54
$720,701 70
$740,521 60
276,121
75,000
24
2,152
79
00
25
02
955
5,000
1,004
167,186
80,467
58
00
22
67
01
168,179 52
81,496 38
$737,431 14
$764,640 64
1,156 29
2,500 00
72
STA TE BAN KING D EPA R TM EN T.
No. 87.
T H E M ERCHANTS’ AND M IN E R S’ BANK, CALUMET.
Organized A ugust 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 , V ic e P r e s id e n t ; W m . B . A n d e r s o n , 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. E d w . S h e p a r d , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— Charles Briggs, Will A. Childs, Peter Ruppe, Paul P. R oehm , E. M. Lieblein, James
H oatson, Jam es C hynoweth, N orm an Macdonald, Fred Sm ith, W. B. Anderson, Gordon R . Campbell,
Chas. O. Jackola.
Resources.
R eport of
Report of
Nov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, '11.
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................ $1,293,785 32 $1,312,328 31 $1,322,583 93 $1,324,340 70
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
190,379 70
173,145 74r
176,334 60
207,328 38
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Commercial d ep a rtm en t................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ............
627 50
225 94
627 50
76 85
627 50
325 37
$1,335,753 94
225,922 74
1,066 25
281 30
1,367 00
81 69
6,000 00
6,000 00
6,000 00
6,000 00
6,000 00
3,000 00
20,000 00
20,000 00
20,000 00
20,000 00
1,403 64
3,047 09
1,211 53
1,186 23
12,064 20
74 29
1,837 28
404 30
2,730 19
287 96
10,000 00
720,145 58
1,003,039 22
788,109 83
627,760 28
779,234 65
136,533 00
131,768 00
100,903 00
120,560 00
108,607 00
70,395 00
53,215 00
51,370 00
51,245 00
46,815 00
7,064 60
7,133 85
6,352 95
9,821 50
6,154 45
823 04
435 77
583 33
1,081 97
802 39
4,791 61
4,050 01
7,165 88
4,181 92
8,448 22
T o ta ls................................................ $2,438,222 02 $2,714,218 01 $2,492,494 88 $2,375,908 88
$2,552,205 23
L iabilities.
Capital stock paid in ............................
$150,000 00
Surplus fu n d ............................................
150,000 00
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
80,911 97
D ividends u n p a id ..................................
140 00
Commercial deposits subject to
c h e c k ...................................................... 1,614,948 77
Commercial certificates of dep osit..
434,825 35
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ...........
' 1,386 48
State monies on d e p o s it.....................
D ue to banks and b an kers................
6,009 45
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills p a y a b le...........................................
T o ta ls..................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$150,000 00
150,000 00
$150,000 00
150,000 00
$150,000 00
150,000 00
$150,000 00
150,000 00
71,516 36
2,005 00
69,110 23
20 00
81,757 44
20 00
79,201 57
245 00
1,893,052
437,236
5
4,402
38
43
00
39
1,670,710 77
445,969 47
6,000 45
5,082 48
1,601 93
1,520,222
459,018
1,900
1,889
31
72
00
23
1,675,970 59
475,436 63
11,101 18
10,608 26
$2,438,222 02 $2,714,218 01 $2,492,494 88 j$2,375,908 88
10,743 18
J
$2,552,205 23
STATE BANKS OF MICHIGAN.
73
No. 320.
T H E F IR S T STATE BANK OF CAMDEN, CAMDEN.
Organized A ugust 24, 1905.
C. B. A i.w ARD , 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 r d , C a s h ie r ;
A. K. Simpson, 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, J. A. B ates, James McCallum, B. R . Alward.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Premium a cco u n t................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fixtu res........................
Other real e s t a t e ..................... ..............
D ue from other banks and bankers,
not reserve cities ............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Nickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial ‘deposits subject to
c h e c k ......................................................
Commercial certificates of d ep osit..
Certified c h e c k s ......................................
Cashier’s checks o u tstan d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red iscou n ted ............
Bills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
$38,459 62
46,963 98
$34,850 09
44,182 87
$26,699 25
41,207 35
$34,039 72
35,654 60
$31,788 65
38,521 15
61,669 41
60,672 98
60,017 37
66,043 85
63,068 67
860 15
978 40
1,855 72
470 99
49 93
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
974 23
140 00
164 79
580 00
2,358 65
130 00
860 17
180 57
1,922 29
6,426 85
1,603 33
7,449 35
3,313 41
15,007 51
1,448 62
7,334 59
508 30
10,053 77
33 00
8,000 00
43 00
12,300 00
2,353 00
8,000 00
2,030 00
10,000 00
3,291 00
10,000 00
130 00
1,300 00
55 00
1,700 00
5 00
1,500 00
575 00
1,000 00
45 00
1,700 00
737 85
97 10
202 65
170 00
530 60
447 75
341 55
439 90
300 00
354 50
158 34
03
1,197 00
91 52
28 59
713 78
61 33
255 46
239 42
178 86
164 14
25 25
1,458 16
$170,069 91 j $166,786 35
$164,726 36
$161,673 31
$162,509 09
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
4,269 17
3,183 04
3,060 74
4,005 97
4,153 61
16,343 37
12,099 52
10,485 64
12,214 40
9,632 14
124,457 37
126,503 79
126,179 98
120,452 94
123,723 34
$170,069 91
$166,786 35
$164,726 36
$161,673 31
$162,509 09
STA TE BANKING D EPA R TM EN T.
74
No. 208.
T H E CAPAC SAVINGS BANK, CAPAC.
Organized Septem ber 8, 1898.
F r e d 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 , C a s h ie r ;
F l o y d J. 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 .— Fred T. Moore, W alter Shearsm ith, Herbert B. H itchings, Stephen H . Moore, Frank B urt.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, mortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings............................
B anking h o u se ........................................
Furniture and fix tu r es ........................
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$75,883 05
44,555 48
$76,289 95
43,433 20
$78,249 63
43,315 04
$59,283 88
53,504 93
$67,425 95
59,778 69
63,079 92
61,527 46
61,651 46
63,765 92
66,448 88
797 28
193 52
157 66
446 23
228 26
i.onn no
1,000 00
1,000 00
1,000 00
2,091 51
1,178 63
2,059 94
5,331 49
14,710 11
9,426 01
12,970 35
11,265 54
14,316 66
3,551 51
13,854 41
6,659 49
9,517 54
i
1 non no
i
Other real e s t a t e ...................................
D ue from other banks and bankers,
Item s in transit ...................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm ent,.........................
E xchanges for clearing house:
Commercial d ep a rtm en t..............
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savin gs d epart,m e n t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t........ ................
Silver coin:
Commercial d ep a rtm en t................
Savings departm ent,.........................
Nickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ...........
T o ta ls................................................
L iabilities.
Ca.pital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
check ...................................................
Commercial certificates of d ep o sit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Sa.vings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
Bills pa y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1,278 22
|
4,000 00
4,862 00
5,000 00
4,917 00
6,000 00
4,533 00
8,000 00
3,402 00
3,000 00
4,141 00
1,307 50
1,035 00
1,210 00
2,470 00
3,182 50
790 25
462 60
455 70
392 55
507 65
106 96 1
169 10 i
78 52
155 90
51 87
190 00
79 18
117 56
86 18
74 09
$218,684 65 , $217,668 14
$224,456 50
$209,868 17
$223,328 45
$20,000 00
1,800 00
$20,000 00
1,800 00
$20,000 00
1,800 00
$20,000 00
1,800 00
$20,000 00
‘ 2,500 00
3,529 38
1,612 03
2,203 72
3,665 54
983 44
13,767 60
42,506 35
13,204 75
48,971 33
16,703 76
50,525 29
11,563 36
27,752 72
12,705 58
35,902 90
7,500 00
7,500 00
7,500 00
7,500 00
7,500 00
119,472 50
10,108 82
120,821 85
3,758 18
120,463 93
5,259 80
113,803 12
23,783 43
122,429 16
21,307 37
$218,684 65
$217,668 14
$224,456 50
$209,868 17
$223,328 45
STATE BANKS OF MICHIGAN.
75
No. 303.
STATE SAVINGS BANK OF CARLETON, CARLETON.
Organized December 1, 1904.
J. J. L u c k e , P r e s id e n t ; J. E. K a h l b a u m , V ic e P r e s id e n t ; H . S. G e r m a n , C a s h ie r .
D i r e c t o r s .— J. J. Lucke, C. L. Edwards, J. E. K ahlbaum , E. C. M axwell, J. E. R eady, H . S. German.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Prp.miiim account,..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking house .....................................
Furniture and fixtu res........................
Other real esta te .................................
D ue from other banks and bankers,
not reserve c itie s ...............................
Item s in tr a n s it.....................................
U nited States bonds:
Ravi n gs d epartm en t,.........................
D ue from banks in reserve cities:
Commercial departm ent.................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Com m erci al d epartm en t ................
Savings d ep artm en t.........................
Silver coin:
Com m erci al d epartm ent,................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
paid
...................................................
D ividends un p a id ..................................
Commercial deposits subject to
check ......................................................
Commercial certificates of deposit,..
Certified c h e c k s......................................
Ca,shier\s checks o u tsta n d in g ............
State m onies on deposit . .
D ue to banks and b an kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
N ov. 10, GO. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$38,466 31
53,272 01
$48,709 12
51,425 41
$47,184 05
53,833 61
$47,673 05
52,102 44
$50,695 19
53,932 44
75,506 00
78,781 00
80,171 00
86,555 00
91,745 00
364 27
3 83
45 47
249 46
1 17
5.000 00
1.000 00
5.000 00
1.000 00
5.000 00
1.000 00
5.000 00
1.000 00
5.000 00
1.000 00
353 68
360 45
1,731 56
1,171 76
176 48
3,639 22
16,893 80
3,103 82
11,513 09
9,773 53
15,979 54
3,282 65
22,405 34
3,178 11
19,978 40
3,568 00
600 00
3.000 00
2,956 00
497 00
5.000 00
1,500 00
3,860 00
1.500 00
2,229 00
2,147 50
1,000 00
1,365 00
4.000 00
2,310 00
4.000 00
600 00
6,230 00
1.500 00
5,800 00
674 75
30 00
450 00
470 00
500 00
240 00
400 00
450 00
420 00
500 00
80 51
20 12
173 75
39 50
109 27
49 30
109 42
42 12
241 50
13 45
209 29
302 00
76 70
163 30
165 03
$202,789 92
$212,335 79
$227,658 80
$233,004 44
$238,060 82
$20,000 00
4,500 00
$20,000 00
4,500 00
$20,000 00
4,500 00
$20,000 00
4,500 00
$20,000 00
5,000 00
1,731 15
1,970 79
630 00
4,069 60
3,984 75
3,602 16
24,242 45
30,930 93
39,631 43
22,994 95
9,410 67
23,794 98
11,315 54
140,480 03
11,836 29
139,433 93
9,870 14
146,296 42
13,161 35
167,776 90
4,337 17
171,721 07
2,627 07
$227,658 80
$233,004 44
$238,060 82
5,000 00
$202,789 92
$212,335 79
STA TE BAN KING D EPA R TM EN T.
76
No. 287.
T H E 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 ;
G e o . A. G i b s o n , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— John F. Seeley, Sherman F. Chase, Lewis G. Seeley, Grant H . Slocum, W illiam A. Forbes.
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
$69,657 18
73,512 50
$62,248 38
63,512 50
$85,259 57
63,512 50
$87 ,-324 00
70,512 50
$78,154 94
89,550 00
5,000 00
101,055 99
10,000 00
100,335 49
5,000 00
99,982 49
99,404 49
104,164 24
O verdrafts................................................
E xpenses, interest and ta x es paid,
1,348 00
245 24
641 58
201 10
1,731 28
Banking h o u se .......................................
Furniture and fix tu r es........................
10,000 00
2,300 00
10,000 00
2,300 00
10,000 00
2,300 00
10,000 00
2,300 00
10,000 00
2,300 00
6,554 00
21,700 00
31,306 16
28,000 00
33,557 11
30,000 00
10,803 22
16,000 00
5,028 49
9.000 00
833 49
705 66
700 00
2,854 95
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
O th e r rea l e s t a t e
Report of
R eport of
June 7, ’l l . Sept. 1, '11.
....................................
D ue from other banks and bankers,
not, r e s e r v e c it i e s
T terns in t r a n s i t
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
S a v i n g s d e p a r t m e n t .........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
333 01
832 10
514 00
6,000 00
1,414 00
5,900 00
5,000 00
8,162 00
2,158 00
7,400 00
1,326 00
6.000 00
635 00
3,000 00
3,815 00
345 00
3,500 00
180 00
4,000 00
235 00
4,500 00
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ............
989 00
81 00
82 75
462 00
458 25
200 00
728 00
361 25
1,000 00
418 40
91
601 99
29 27
325 23
428 41
200 00
184 05
435 20
175 64
46
490 98
16 53
246 68
318 33
T o ta ls................................................
$303,700 98
$321,236 53
$349,571 24
$313,084 05
$316,787 69
$35,000 00
7.000 00
$35,000 00
7,000 00
$35,000 00
7,000 00
$35,000 00
7,000 00
$35,000 00
7,000 00
5,022 47
4,460 47
120 00
6,582 19
9,014 24
7,047 76
46,291 43
9,051 17
69,800 63
3,972 31
85,479 76
9,910 28
58,315 45
5,736 91
47,722 96
2,701 10
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D i v i d e n d s u n p a id . .
Commercial deposits subject to
check ......................................................
Commercial certificates of d ep osit..
Certified c h o c k s
.......................................
C a s h ie r ’s c h o c k s o u t s t a n d in g
S t a t e m o n ie s on d e p o s i t
D u e t o h a n k s a n d b a n k e r s ...................
2,500 00
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
54,526 22
144,309 69
63,117 38
137,765 74
68,909 21
136,689 80
65,802 05
132,215 40
74,615 63
142,700 24
$303,700 98
$321,236 53
$349,571 24
$313,084 05
$316,787 69
R e s e r v e d fo r t a x e s in t e r e s t e t c .
N o t e s a n d h ills r e d i s c o u n t e d ..............
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE
BANKS OF MICHIGAN.
77
No. 286.
T H E 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 , H. P a r k e r , V ic e P r e s id e n t s ; J. M. E a l y , C a s h ie r ;
'
L o u is W e a n , A s s i s t a n t C a s h ie r ; H. P a r k e r , A u d i t o r .
D i r e c t o r s — T. W. A twood, G. H . Slocum , R . B . McNair, J. M. E aly, H. Parker, T. C. Quinn,
J. McNair E aly.
• R esources.
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial departm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
$202,599 45
04,610 00
$240,584 34
50,610 00
$236,455 54
44,400 00
$226,269 09
61,600 00
$221,008 92
77,600 00
Savings departm en t.........................
189,885 90
232,997 40
225,584 40
221,658 50
220,318 50
O verdrafts.............................................. •
E xpenses, interest and ta x es paid,
2,674 37
1,653 66
795 69
3,940 96
5,234 45
B anking h o u se .......................................
Furniture and fix tu r es........................
10,000 00
3,000 00
10,000 00
3,000 00
10,000 00
3,000 00
10,000 00
3,000 00
10,000 00
3,000 00
19,803 80
23,987 37
12,624 03
30,920 18
24,521 83
43,622 97
14,504 06
25,656 43
27,682 65
38,795 49
2,265 27
3,733 05
2,739 28
9,466 14
2,109 18
Due from other banks and bankers,
U nited States bonds:
Due from banks in reserve cities:
Commercial departm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
1
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings d ep a rtm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings d ep artm en t.........................
12,039 00
4,800 00
19,219 00
4,500 00
15,420 00
5,500 00
14,397 00
4,700 00
18,568 00
5,500 00
120 00
10,000 00
85 00
10,900 00
35 00
11,800 00
175 00
12,000 00
225 00
12,000 00
Silver coin:
Commercial d ep a rtm en t................
2,082 20
1,686 25
2,371 90
2,095 30
1,172 10
N ickels and cents:
Commercial d ep artm en t................
355 21
289 01
264 64
231 11
101 03
Checks and other cash it e m s ............
15 00
T o ta ls................................................
$548,237 57
$622,801 92
$626,511 25 | $609,693 59
$643,315 32
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
12,557 41
10,930 54
14,296 51
16,521 17
10,373 76
Commercial deposits subject to
c h e c k ............................................... ; •
Commercial certificates of d ep o sit..
147,639 09
22,966 78
220,096 84
10,871 38
186,208 93
9,384 93
159,815 72
30,826 46
185,886 96
28,542 57
State m onies on d e p o s it.....................
10,000 00
7,500 00
10,000 00
10,000 00
10,000 00
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, current expenses, interest and taxes
p a id ........................................................
Savings d ep o sits....................................
Savings certificates of d e p o s it. . .. .
50,520 66
244,553 63
58,990 50
254,412 66
70,947 41
275,673 47
68,923 54
263,606 70
71,742 55
276,769 48
T o ta ls................................................
$548,237 57
$622,801 92
$626,511 25
$609,693 59
$643,315 32
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
78
STA TE BANKING D EPA R TM EN T.
No. 72.
STATE BANK OF CARSON CITY, CARSON CITY.
Organized February 14, 1887.
E. C. C u m m i n g s , P r e s id e n t ; J. 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 i n g s , C a s h ie r .
D i r e c t o r s .— E. C. Cummings, Irvin McCall, J. W . H allett, John Boyer, Ira Cummings, G . H. Patterson,
L. H. Cummings.
Resources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Premium a cco u n t..................................
Overdrafts................................................
Expenses, interest and ta x es paid,
♦ exceeding earnings.................... . . .
B anking h o u se .......................................
Furniture and fix tu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
Due from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t........................
Exchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
Nickels and cents:
Commercial d ep artm en t................
Savings departm en t........................
Checks and other cash ite m s ............
T o ta ls................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id .......................
D ividends un p aid ......................
Commercial deposits subject to
c h e c k ..............................
Commercial certificates of d e p o s it..
Certified c h e ck s.....................
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o sit.....................
Due to banks and bankers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Cash ov er.............................
R eserved for taxes, interest, e tc . . .
N otes and bills red iscou n ted ............
Bills payab le....................
T o ta ls..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$99,881 67
5,000 00
$104,682 31
5,000 00
$116,239 03
$108,470 37
$115,137 95
5,000 00
46,403 75
231,483 13
42,912 22
231,008 13
47,887 22
243,631 33
47,887 22
245,849 45
47,887 22
243,174 45
13 64
45 46
70 58
271 18
4,000 00
1,441 00
4,000 00
1,441 00
4,000 00
1,441 00
4,000 00
1,441 00
4,000 00
1,441 00
400 00
550 00
550 00
550 00
550 00
51 21
29,463 77
22,168 97
42,407 40
30,160 99
12,494 75
24,436 56
343 63
21,100 04
31,053 47
7,867 65
34,677 61
166 33
37 50
12,730 00
12,274 00
8,000 00
6,113 00
8,000 00
2,549 00
8,000 00
12,736 00
8,000 00
6,050 00
85 00
6,000 00
80 00
6,000 00
190 00
6,000 00
100 00
6,000 00
2,421 80
1,220 00
3,868 35
2,035 25
1,813 25
1,012 60
98 61
45 52
66 80
42 79
54 12
41 90
1,389 84
117 54
59 31
52 69
$463,161 87
$493,870 22
$473,163 06
$479,494 61
$487,728 79
$25,000 00
10,000 00
$25,000 00
10,000 00
$25,000 00
10,000 00
$25,000 00
10,000 00
$25,000 00
10,000 00
12,010 08
9,609 18
12,284 97
13,340 80
10,536 62
53,226 87
83,872 82
85,314 41
83,220 91
54,838 64
88,421 56
54,167 27
85,533 62
60,192 96
84,597 15
279,052 10
280,719 12
6 60
282,617 89
291,452 92
297,402 06
$493,870 22 j $473,163 06
$479,494 61
$487,728 79
$403,161 87
STATE
79
BANKS OF MICHIGAN.
No. 234.
EXCH AN GE STATE BANK, CARSONVILLE.
Organized Ju n e 20, 1901.
David Crorey, P r e s id e n t ; F. C. Crorey, V ic e P r e s id e n t ; W. J. McCaren, C a s h ie r ;
Frank C. Crorey, F. D. McCaren, A s s i s t a n t C a s h ie r s .
Directors.— D avid Crorey, W . J. McCaren, E llen McCaren, Mary M cNinch, F. C. Crorey, A. C. Crorey.
Resources.
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, '11.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
$83,745 68
30,732 78
$83,426 34
28,837 30
$85,550 09
30,990 19
$98,336 23
30,974 18
$88,933 32
43,899 90
Savings d ep artm en t........................
93,713 38
109,641 58
119,241 62
127,037 62
130,333 32
2,132 91
1,014 54
1,033 45
2,005 45
142 56
1,500 00
1,295 55
1,500 00
1,295 55
1,500 00
1,295 55
2,000 00
1,295 55
2,500 00
1,724 05
723 84
988 76
49 29
179 28
27,992 83
42,590 72
25,540 92
42,461 00
19,954 45
46,195 94
16,399 78
45,122 30
18,480 27
40,131 52
2,748 00
5,160 00
7,721 00
4,455 00
9,211 00
5,125 00
4,103 00
5,090 00
5,306 00
4,945 00
2,765 00
3,165 00
5,545 00
5,875 00
5,910 00
6,055 00
298 85
442 95
424 70
640 65
O verdrafts..............................................
E xpenses, interest and ta x es paid,
pxeepdjng parnings
Banking h o u se .......................................
Furniture and fixtu res........................
Other real psf af,e
D ue from other banks and bankers,
not reserve c it ie s ..............................
Tfp.ms in transit
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commerrial departm ent
Savings department,
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Gold coin:
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
N ickels and cents:
Commercial d ep a rtm en t..............
99 70
130 00
65 57
64 72
147 43
94 42
107 89
86 35
55 60
Checks and other cash ite m s ............
433 69
158 85
501 03
153 95
T o ta ls................................................
$298,773 11
$313,253 95
$326,731 27
$339,465 47
$343,301 14
$20,000 00
4,000 00
$20,000 00
4,000 00
$20,000 00
4,000 00
$20,000 00
4,000 00
$20,000 00
5,000 00
3,049 58
5,111 76
3,748 84
3,960 64
1,036 08
49,511 26
46,655 67
55,995 10
40,549 46
61,034 75
33,944 50
57,828 90
31,047 93
67,056 02
28,042 06
5,000 00
5,000 00
302 93
L iabilities.
Capital stock paid in ...........................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends unpaid
Commercial deposits subject to
check .....................................................
Commercial certificates of d e p o s it..
Certified eheeks
State monies on deposit
Diip fo hanks and hankers.
Savings certificates of d e p o s it.........
175,556 60
187,597 63
204,003 18
217,628 00
216,864 05
T o ta ls................................................
$298,773 11
$313,253 95
$326,731 27
$339,465 47
$343,301 14
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
80
STA TE BANKING D EPA R TM EN T.
No. 180.
STATE BANK OF CARSON V ILLE, CARSON VILLE.
Organized October 17, 1895.
W m . H.
Aitkin,
Directors.— W m.
J.
C a s h ie r ;
H . Aitkin, M. C. Richardson, H. W. Sm ith, A. R . N iles, M. H . Aitkin.
Resources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fixtures . . . ..............
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
Due from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t........... .. .
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t..
Nickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k ...................................................
Commercial certificates of d ep osit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
Due to banks and ban k ers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red 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
Smith, V ic e P r e s id e n t ; Allen R . Niles,
Mathieson, A s s i s t a n t C a s h ie r .
P r e s id e n t ; H. W.
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$100,719 12
48,811 09
$79,299 47
63,906 61
$80,881 14
54,859 03
$102,420 37
55,820 45
$110,513 48
37,611 84
136,179 40
138,111 01
145,506 29
141,098 27
144,015 26
1,031 14
488 53
65 69
1,264 68
226 10
3,326 76
2,014 13
3,326 76
2,031 62
3,326 76
2,031 62
3,326 76
1,986 62
123 87
3,326 76
1,986 62
585 22
585 22
285 22
235 22
235 22
3,369 83
88 66
9,210 65
4,369 45
810 37
317 17
695 95
9,235 06
2,982 29
8,097 65
32,078 78
5,179 34
21,124 31
11,214 56
33,578 30
8,972 69
21,756 33
7,801 67
29,297 38
7,269 00
3,260 00
6,162 00
3,847 00
5,900 00
5,850 00
7,500 00
3,929 00
10,530 00
7,740 00
8,152 50
8,150 00
8,422 50
1,092 00
1,000 80
50
391 00
1,000 00
34 00
1,126 00
47 00
1,035 75
244 75
246 11
263 31
202 04
2,200 00
12
289 50
2,233 00
363 88
42 06
$355,949 59
$342,874 47
$360,682 74
$361,428 63
$368,354 93
$20,000 00
4,220 00
$20,000 00
4,220 00
$20,000 00
4,220 00
$20,000 00
4,220 00
$25,000 00
5,000 00
1,134 75
516 55
1,609 66
1,759 02
69,325 08
23,021 34
65,803 44
14,085 79
61,722 74
16,569 94
69,309 05
23,872 54
75,129 57
31,317 34
300 00
10,000 00
95 71
7 99
7,500 00
351 64
7,500 00
7,500 00
7,500 00
634 03
227,852 71
230,389 06
249,060 40
234,768 02
223,773 99
$355,949 59 . $342,874 47
$360,682 74
8,857 50
435 25
...............
$361,428 63
$368,354 93
STATE BANKS OP MICHIGAN.
81
No. 421.
T H E CASS COUNTY STATE BANK, CASSOPOLIS.
Organized A ugust 27, 1908.
Fairfield Goodwin, P r e s id e n t ; Edgar A. Planck, Stephen I. Rudd, V ic e P r e s id e n t s ;
Frank J. Phillips, C a s h ie r ; Henry E. Grant, A s s i s t a n t C a s h ie r .
Directors.— Fairfield Goodwin, John R . Carr, Edgar A. Planck, Stephen I. R udd, F. E. Sm ith.
William Jones, Isaac R . Schurte.
R esources.
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
$63,099 63
$73,694 18
$63,032 53
$72,612 52
18,115 64
6,475 00
19,148 36
11,475 00
16,823 14
14,125 00
20,655 00
15,351 00
20,775 00
19,481 00
62 40
7 85
62 40
329 76
62 40
29 68
52 00
117 46
52 00
357 70
4,205 06
4,205 66
4,205 66
4,205 66
4,205 66
1,942 75
4,108 25
3,018 86
1,225 29
500 24
7,216 30
29,247 81
23,110 80
2,107 62
18,636 90
2,107 62
10,343 60
2,107 62
2,639 80
121 58
1,838 15
340 85
2,794 00
1,550 00
6,304 00
2,465 00
4,431 00
1,881 00
6,139 00
1,150 00
4,092 00
2,200 00
1,275 00
330 00
130 00
95 00
695 00
1,356 15
525 80
542 GO
489 55
1,364 95
11 00
82 57
79
121 80
06
5 00
202 54
68
38 13
182 74
98
20 00
196 88
65
1 50
$108,048 99
$144,068 33
$144,524 87 | $135,298 88
$139,338 26
$40,000 00
250 00
$40,000-00
350 00
$40,000 00
350 00
$40,000 00
350 00
$40,000 Ó0
450 00
525 09
127 05
724 00
325 07
20 00
987 89
20 00
789 30
20 00
20,477 47
38,770 64
42,817 85
46,109 37
37,239 00
48,546 50
24,273 64
51,057 75
24,734 45
. 49,544 24
8,025 79
13,940 06
18,044 30
18,609 60
20,745 70
3,054 57
$144,068 33
$144,524 87
$135,298 88
$139,338 26
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings d ep a rtm en t............. ..
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ...........
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d ep osit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o sit.....................
D ue to banks and b an kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
Bills p a y a b le............................................
T o ta ls................................................
11
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$62,904 88
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fixtures........................
T o ta ls................................................
Report of
Mar. 7, ’l l .
-
?
$108,048 99
ST A T E BANKING D EPA R TM EN T.
82
No. 343.
T H E F IR S T STATE BANK OF CEN TRA L LAK E, MICH.
Organized June 30, 1906.
C. W.
McPhail, P r e s id e n t ; John Sinallegan, V ic e P r e s id e n t ; W.
Harry Olmstead, A s s i s t a n t C a s h ie r .
S.
Richardson, C a s h i e r ;
D i r e c t o r s .— C. W . M cPhail, John Sinallegan, W . S. Richardson, A. F . W allbrecht, Harry O lm stead.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
fly in g 's departm ent,.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
O verdrafts................................................
E xpenses, interest and ta x es paid,
^^ceeding earnings............................
B anking h o u s e ........................................
Furniture and fix tu res.........................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$91,262 29
$84,276 22
$74,887 09
$72,624 74
$75,125 96
1,000 00
560 77
26,594 53
5,387 55
26,704 73
4,254 98
29,276 49
95 37
30,322 24
95 37
29,030 99
443 81
327 14
40 19
223 95
226 24
3,200 00
1,800 00
3,200 00
1,800 00
3,200 00
1,800 00
3,200 00
1,950 00
3,200 00
1,950 00
379 61
389 61
2,038 76
500 00
2,618 57
2,236 75
2,259 60
3,288 79
5,921 43
2,734 03
2,545 49
3,750 11
3,721 39
3,768 04
5,745 96
3,796 00
2,756 12
3,814 70
605 36
755 44
1,052 84
629 20
644 17
4,856 00
100 00
4,791 00
1,300 00
6,314 00
4,953 00
1,550 00
5,369 00
1,900 00
850 00
800 00
1,555 00
1,775 00
1,615 00
160 00
210 00
1,500 00
841 30
50 00
527 50
80 00
575 15
120 00
390 45
150 00
534 70
20 00
76 20
1 08
59 57
6 04
52 19
9 80
96 60
20 26
84 51
11 68
$143,235 56 ! $139,684 36
$133,083 91
$130,161 98
$131,151 84
$20,000 00
3,000 00
$20,000 00
3,000 00
$20,000 00
4,000 00
$20,000 00
4,000 00
$20,000 00
4,000 00
4,348 85
5,049 24
730 50
2,349 07
3,080 62
29,153 29
54,208 15
30,004 83
47,938 99
26,434 28
45,148 80
25,026 72
42,387 18
21,269 98
41,062 69
252 50
23,117 62
7,155 15
185 45
25,516 44
7,989 41
53 00
27,066 18
9,651 15
3 75
27,127 62
9,267 64
129 00
30,361 91
8,247 64
$139,084 36
$133,083 91
$130,161 98
$131,151 84
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Exchanges for clearing house:
Commercial d ep a rtm en t................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Cheeks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital sto ck paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial ‘deposits subject to
c h e c k ......................................................
Commercial certificates of dep o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it.....................
D ue to banks and b an kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
Not,os and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3,000 00
2,000 00
$143,235 56
STATE BANKS OF MICHIGAN.
83
No. 391.
T H E W OLF BROS. STATE BANK, C EN T R E V IL LE .
Organized March 26, 1908.
Frank Wolf, P r e s id e n t ; Hugh P. Stewart, E. I. Wolf, V ic e P r e s id e n t s ; C. D . Mosher, C a s h ie r .
Directors.—Frank Wolf, E. I. Wolf, H ugh P. Stew art, C. D. Mosher, C. A. D ockstader, B ryant W eed.
R esources.
Loans and discounts;
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities;
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceedin g earn ings...........................
B anking h o u se ........................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep a rtm en t.........................
D ue from banks in reserve cities;
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Nickels and cents:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep osit..
Certified c h e c k s ......................................
Cashier's checks o u tsta n d in g ............
State m onies on d e p o s it.....................
Due to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, etc . . .
N otes and bills red 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
R eport of
R eport of
N ov. 10, '10. Jan. 7, '11.
R eport of
Mar. 7, '11.
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
168,421 80
55,200 00
$72,159 86
60,200 00
$104,033 64
58,200 00
$103,755 89
45,300 00
$69,143 39
60,000 00
6,000 00
120,108 54
6,000 00
116,645 54
6,000 00
122,270 54
6,000 00
126,914 24
5,000 00
124,033 99
25 30
34 67
149 49
117 18
2,500 00
2,500 00
2,500 00
10 61
459 69
2,500 00
2,500 00
4 39
100 00
14,045 35
24,380 28
15,777 18
25,178 64
16,123 78
56,016 31
10.567 27
42,761 57
13,984 96
35,220 09
2,762 00
7.000 00
189 00
7.000 00
5,325 00
7.000 00
1,195 00
7.000 00
955 00
3.000 00
345 00
3.000 00
i
1,425 75
180 00
3.000 00
590 00
3.000 00
910 00
3.000 00
595 00
4.000 00
689 75
502 25
1,470 75
185 25
1.000 00
177 51
201 18
128 50
358 19
152 70
•
110 37
164 57
1 00
81 00
164 36
$305,382 23
$310,664 33
$381,859 26
$351,769 78
$321,352 72
$30,000 00
4,000 00
$30,000 00
5,000 00
$30,000 00
5,000 00
$30,000 00
5,000 00
$30.000 00
5,000 00
1,070 69
4,221 77
0,459 22
85,542 36
55,715 28
5,209 51
1,325 00
57,117 70
53,993 28
110,425 04
14 71
25 93
43 10
31,947 02
177,093 29
40,631 07
181,014 05
46,915 42
188,405 01
49,633 72
177,371 93
46,556 63
177,611 59
$305,382 23
$310,664 33
$381,859 26
$351,769 78
$321,352 72
10 00
STA TE BAN KING D EPA R TM EN T.
84
No. 315.
T H E CHA R LEV O IX STATE SAVINGS BANK, CHA RLEV OIX .
Organized June 8, 1905.
R . P.
Directors.— R .
Foley, P r e s id e n t ;
G. C.
Geiken, V ic e
P r e s id e n t ; W. J.
Rachow, C a s h ie r .
P. Foley, John Burns, G. C. Geiken, H. S. H arsha, Guy S. Brown, W. J. R achow ,
P. D . Campbell.
Resources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savi n gs d opart,ment.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fixtures........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t. ............
Savings departm en t......................
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ...................................................
D ividends u n p a id ... .............................
Commercial ‘deposits subject to
c h e c k ...................................................
Commercial certificates of d e p o sit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and bankers................
Savings d ep o sits................................
Savings certificates of d e p o sit.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$48,365 82
22,300 28
$55,085 18
14,290 00
$49,389 50
18,290 00
$57,770 42
19,490 00
$58,497 09
27,400 00
2,800 00
41,982 00
2,800 00
45,932 00
800 00
45,760 00
6,700 00
43,596 00
13,700 00
50,869 00
19 96
503 54
197 07
1,093 55
378 00
109 72
3,637 50
3,637 50
3,637 50
3,637 50
3,637 50
3,300 00
3,300 00
3,300 00
3,300 00
2,300 00
133 72
16,863 30
6,000 00
6,430 50
8,000 00
6,558 57
5,000 00
2,342 42
8,077 64
23,538 25
13,000 00
300 00
2,400 00
4,000 00
1,866 00
4,000 00
1,786 00
4,000 00
3,149 00
2,700 00
3,390 00
2,500 00
1,520 00
1,715 00
1,205 00
1,510 00
2,257 50
762 50
1,250 00
261 80
1,150 00
599 60
1,280 00
372 50
1,200 00
572 95
960 00
386 00
80 27
124 58
171 11
50 02
1,348 37
251 94
22 49
476 87
126 02
203 62
72 14
145 47
124 47
372 04
$155,792 21
$150,541 02
$142,554 54
$155,640 81
$203,885 71
$25,000 00
1,600 00
$25,000 00
1,750 00
$25,000 00
1,750 00
$25,000 00
1,750 00
$25,000 00
1,900 00
3,316 16
1,687 87
456 00
2,303 40
6 00
2,567 90
6 00
2,986 98
6 00
48,115 10
628 40
45,018 63
491 50
32,446 15
491 50
44,625 79
491 50
73,890 26
491 50
5,000 00
2,500 00
2,500 00
23,784 49
53,348 06
24,072 34
52,064 68
25,858 48
49,699 01
23,694 17
55,005 45
28,431 11
68,679 86
$155,792 21
$150,541 02
$142,554 54
$155,640 81
$203,885 71
1
STA T E
BANKS
OF
M IC H IG A N .
85
I
N o . 218.
I
E A T O N C O U N T Y S A Y IN G S B A N K , C H A R L O T T E .
1
O r g a n iz e d A u g u s t 14, 1 8 9 9 .
1
A. D. B aughm an , P r e s id e n t ; Geo . H . S pen c e r , V ic e P r e s id e n t ; N ed B. A lsover , C a s h ie r .
1
■
D irectors .— A. D . Baughm an, W. B. Otto, Albert Murray, H. K . Jennings, G. H . Spencer,
E. D . Barber, Chas. B. Lamb.
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
$118,837 43
$127,394 68
$126,568 08
$144,533 12
$167,610 26
241,181 32
243,848 32
256,487 32
249,293 12
250,368 12
1
4,375 00
3,500 00
3,500 00
2,100 00
2,000 00
1
7,918 12
5,995 35
6,207 21
4,252 39
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
Exchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
25,457 07
25,500 36
29,728 17
29,769 65
29,871 08
1
U . S. and N ational bank currency:
Commercial d ep a rtm en t............
Savings departm en t.........................
Gold coin:
Commercial departm en t................
Savings d ep artm en t...............
13,283 00
15,435 00
18,479 00
18,558 00
23,146 00
I
I
Resources.
I
1
1
1
I
1
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
1
1
1
1
1
1
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and taxes paid,
exceeding earnings...........................
Banking h o u se .......................................
Furniture and fixtures..................
1
1
I
I
1
I
Other real e s t a t e ...................................
Due from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
1
1
1
1
I
1
1
1
I
|
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
5 00
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ...........
51 00
55 00
55 00
120 00
72 00
1
3 47
129 54
12 35
5 20
3 20
6 16
2 97
25 00
1
I
T o ta ls................................................
$411,236 55
$421,751 26
$441,027 98
$448,632 44
$473,095 43
|
$100,000 00
20,000 00
$100,000 00
20,000 00
$100,000 00
20,000 00
$100,000 00
20,000 00
$100,000 00
20,000 00
I
■
7,202 30
32 00
6,090 27
1,332 00
7,944 89
44 00
11,669 32
40 00
10,101 22
112 00
1
■
274,086 25
9,916 00
284,412 99
9,916 00
305,623 09
7,416 00
309,507 12
7,416 00
662 99
330.079 22
12,14000
1
■
■
$421,751 26
$441,027 98
$448,632 44
$473,095 43
1
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial deposits subject to
check .....................................................
Commercial certificates of deposit
Certified c h e c k s ........................?. .
Cashier’s checks o u tsta n d in g .........
State m onies on d e p o s it.....................
D ue to banks and ban kers...........
Savings d ep o sits.....................................
Savings certificates of d e p o sit.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le .........................................
T o ta ls................................................ j $411,236 55
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
86
STA TE BAN KING D EPA R TM EN T.
No. 305.
CHEBOYGAN COUNTY SAVINGS BANK, CHEBOYGAN.
Organized Jan u ary 2 4 , 1905.
James F. Moloney, P r e s id e n t ; Wm. L. Martin, J. H . Clune, V ic e P r e s id e n t s ; Percy T. Dudley, C a s h i e r .
Directors.— James F. M oloney, W m . L. Martin, J. H. Clune, W. L. H agadorn, George Annand,
S. A. St. Amour, V et. S. M oloney, V. D . Sprague, H enry Barber.
R esources.
Loans and discounts:
Commercial d ep a rtm en t........... ....
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earn ings...........................
B anking h o u se .......................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep a rtm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t..............
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d e p o s it..
Certified c h e ck s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T ota ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$78,672 51
14,063 58
$94,555 30
11,775 00
$104,829 95
11,396 00
$93,845 92
20,321 90
$99,445 10
14,600 00
63,907 14
68,418 25
69,091 39
69,944 10
59,778 50
636 35
907 57
479 77
1,047 87
655 84
4,033 91
4,033 91
4,033 91
4,058 91
4,058 91
3,163 04
3,083 29
2,043 92
972 45
1,177 20
2,721 53
3,160 28
33,201 88
15,812 88
17,422 45
15,836 57
30,600 01
10,718 79
22,507 46
23,728 77
23,000 88
21,404 73
5,055 00
4,919 00
8,502 00
4,050 00
2,210 00
3,050 00
6,239 00
2,500 00
5,298 00
2,500 00
99 44
1,080 00
554 44
1,000 00
59 44
1,000 00
1,567 50
1,000 00
70 00
1,000 OO
2,468 85
708 35
2,504 95
1,150 00
2,181 40
1,150 00
2,484 70
2,150 00
939 45
1,530 00
284 48
64 00
993 89
221 05
60 00
1,008 70
621 13
60 00
1,864 92
284 27
60 00
590 02
37 31
60 00
843 08
$229,164 30
$235,083 48
$245,390 63
$254,480 07
$241,103 61
$50,000 00
2,000 00
$50,000 00
2,500 00
$50,000 00
2,500 00
$50,000 00
2,500 00
$50,000 00
2,500 00
4,031 73
1,998 48
1,062 00
868 92
6 00
1,276 62
2,453 66
58,485 68
11,650 24
75,156 73
7,912 13
85,085 64
7,866 03
62,898 21
9,597 81
69,255 62
12,729 09
25 00
6,212 27
34,357 76
62,423 62
3,246 79
35,907 34
57,300 01
6,433 63
39,076 89
53,553 52
5,911 93
35,189 38
82,106 12
4,338 09
38,441 10
61,361 05
5,000 00
$229,161 30
$235,083 48
$245,390 63
$254,480 07
i
$241,103 61
87
STATE BANKS OF M ICHIGAN.
No. 304.
T H E CHEBOYGAN STATE BANK, CHEBOYGAN.
Organized F eb ru ary 11, 1905.
Frank Shepherd, P r e s id e n t ; Henry A. Blake, M. E . Riggs, V ic e P r e s i d e n t s ; Geo. G. Brown, C a s h ie r ,
Geo. D. Nimmo, A s s i s t a n t C a s h ie r .
Directors—Frank Shepherd, Miles E. R iggs, Guy A. T hom pson, George G. Brow n B. A. Cueny,
H enry A. Blake, Geo. W . R itten house, A. T. Slaght, Fred A. H out, Jam es F. Shepherd.
Resources.
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Bonds, m ortgages and securities:
$101,295 43
50,248 05
$99,863 86
47,711 53
$96,734 43
44,924 47
$103,703 49
44,380 52
$109,858 73
36,989 58
Savings d ep artm en t.........................
53,716 83
52,653 14
54,632 64
54,108 63
54,022 29
O verdrafts................................................
E xpenses, interest and ta x es paid,
1,758 60
1,810 71
1,754 63
799 56
1,735 01
B anking h o u se ........................................
Furniture and fix tu res.........................
11,000 00
3,000 00
11,000 00
3,000 00
11,000 00
3,000 00
11,000 00
3,000 00
11,000 00
3,000 00
Other real e s t a t e ...................................
D ue from other banks and bankers,
247 12
247 12
251 26
508 23
Item s in tr a n s it......................................
U nited States bonds:
26 06
17 48
121 15
1,971 57
8,726 53
4,668 71
15,021 76
6,032 30
10,603 57
6,727 56
7,034 56
6,421 59
13,685 44
530 10
700 00
630 50
1,005 95
1,560 06
2,086 70
440 15
4,029 00
6,000 00
2,387 00
5,000 00
3,029 00
3,000 00
3,246 00
3,900 00
5,422 00
3,000 00
460 00
2,600 00
1,207 50
2,500 00
627 50
3,600 00
342 50
3,500 00
1,695 00
2,500 00
276 10
700 00
1,241 55
500 00
1,464 30
900 00
2,441 70
70 00
915 40
150 00
114 03
106 68
52 59
423 99
296 91
647 09
70 68
3 59
176 03
5 91
7 43
745 94
$247,823 41
$249,864 45
$243,380 88
$248,659 81
$251,707 76
$50,000 00
4,500 00
$50,000 00
5,000 00
$50,000 00
5,000 00
$50,000 00
5,000 00
$50,000 00
5,500 00
3,440 40
30 00
1,008 45
660 00
2,256 67
45 00
3,915 07
3,180 20
51 00
55,412 04
9,471 90
58,357 14
9,032 44
5 80
54,670 90
8,666 63
63,681 71
8,362 13
58,150 93
21,433 20
148 62
47,355 15
71,165 30
1,240 94
45,975 81
71,683 87
5,000
1,923
48,093
67,724
2,500
116
47,719
67,364
967 69
48,416 26
61,938 48
6,300 00
6,300 00
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Nickels and cents:
Commercial d ep a rtm en t................
iSavine^s departm ent,.........................
Checks and other cash it e m s ...........
T o ta ls........................... .....................
Liabilities.
Capital stock paid i n . . . ' .....................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d e p o sit..
Certified checks
Cashier’s eheeks out,standing. . .
Rtafe m onies on d e p o s it...................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for ta x es, interest, e tc . . .
N otes and bills red 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
$247,823 41
00
49
77
42
$249,864 45 j $243,380 88
113 29
00
90
29
71
2,070 00
$248,659 81
$251,707 76
88
STA TE BAN KING D EPA R TM EN T.
No. 397.
FA R M ER S’ AND M ERCHANTS’ BANK OF CHELSEA, CHELSEA.
Organized April 22, 1908.
Jno. F. Waltbous, P r e s id e n t ; Peter Merkel,
Directors.— John F. W altrous, Peter Merkel,
V ic e P r e s id e n t ;
Paul G. Schaible, C a s h ie r .
C. H . Grau, Lewis Geyer, .Tas. H. Guthrie,
C. H . K alm bach, John K alm bach, O. C. Burkhart, John Farrell, H . L. Wood.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .....................................
Furniture and fixtures........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial departm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ...........
T o ta ls..............................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, current expenses, interest and taxes
p a id ........................................................
D ividends un paid............................. .. .
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d e p o s it..
Certified c h e ck s.....................................
Cashier’s checks o u tsta n d in g ...........
State monies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le...........................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l
$52,602 35
25,900 00
$49,531 88
21,500 00
$50,393 83
14,500 00
$54,105 45
18,700 00
$59,385 61
21,400 00
109,970 78
119,339 78
127,764 78
135,814 78
132,314 78
150 00
1,194 38
150 00
731 43
150 00
72
300 00
1,600 59
270 00
173 08
2,800 00
1,333 17
2,800 00
1,333 17
2,800 00
1,333 17
2,800 00
1,368 67
2,800 00
1,368 67
208 49
367 98
690 24
341 39
4,917 47
17,055 59
11,421 20
17,555 59
16,777 11
18,065 31
7,327 04
23,565 31
6,131 68
19,065 31
95 45
660 11
791 02
1,129 32
182 19
1,786 00
4,350 00
3,662 00
5,000 00
3,915 00
5,000 00
2,291 00
6,000 00
1,680 00
7,000 00
195 00
2,800 00
577 50
2,500 00
670 00
2,500 00
555 00
2,500 00
130 00
3,000 00
608 10
900 00
1,266 75
600 00
825 65
750 00
875 50
250 00
591 25
550 00
455 97
95 72
4 50
455 13
113 67
18 42
405 59
56 99
25 00
536 71
27 24
403 13
23 35
$227,422 97
$239,584 61
$247,414 41
$260,088 00
$256,469 05
$25,000 00
1,500 00
$25,000 00
2,000 00
$25,000 00
2,000 00
$25,000 00
2,000 00
$25,000 00
2,500 00
4,391 30
3,562 59
345 00
4,505 29
4,198 50
5,448 70
9 00
35,459 58
42,067 98
47,272 04
42,032 17
39,976 73
.
181 18
127.296 64
33,775 45
133.573 72
33,035 32
134,825 85
33,811 23
151,520 19
35,337 14
146,925 45
36,427 99
$227,422 97
$239,584 61
$247,414 41
$260,088 00
$256,469 05
STATE BANKS OF MICHIGAN.
89
No. 203.
T H E K EM PF COMMERCIAL AND SAYINGS BANK, CHELSEA.
Organized Jan u a ry 14, 1898.
H. S.
Holmes, P r e s id e n t ;
Director,?.— R euben
C. H . Kempf, V ic e P r e s id e n t ; Geo. A.
J. L. Fletcher, A s s i s t a n t C a s h ie r .
K em pf, C. H . K em pf, H . S. H olm es, C. K lein, O tto
D . C. McLaren.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fix tu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings .departm ent.........................
Silver co in :
Commercial d ep a rtm en t................
Savings departm en t.........................
Nickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks apd other cash it e m s ............
T o ta ls................................................
L iabilities.
Capital stock paid i n ............................
Surplus fu n d ............................................
U ndivided profits, less losses, current expenses, interest and taxes
p a id ........................................................
D iv dends un^a d ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep osit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Saving certificates of d ep o sit...........
R eserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills pa v a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BeGole, C a s h ie r ;
D. Luick,
Edward Vogel,
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
$84,560 86
$97,363 52
$112,393 85
$112,905 44
$105,378 13
48,000 00
332,462 75
43,000 00
332,817 00
35,000 00
333,304 66
37,200 00
338,573 00
38,800 00
332,660 30
1,516 07
6,221 34
1,444 30
3,134 78
1,444 30
4,807 12
1,355 45
3,913 20
1,275 30
2,534 08
15,000 00
5,000 00
15,000 00
5,000 00
15,000 00
5,000 00
15,000 00
5,000 00
15,000 00
5,000 00
400 00
400 00
400 00
400 00
1,844 39
598 53
150 00
248 36
100 00
207 96
2,245 66
1,884 00
1,456 68
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
17,577 74
37,761 84
11,113 02
34,815 89
17,226 87
39,195 01
17,034 93
38,157 69
11,937 49
42,027 60
102 75
101 85
10 00
20 66
324 81
2 00
234 53
54 61
207 83
122 74
6,464 00
8,328 00
9,615 00
7,581 00
8,701 00
6,271 00
5,133 00
7,191 00
12,459 00
7,644 00
2,637 50
13,650 00
97 50
12,545 00
632 50
12,360 00
1,567 00
12,327 50
2,912 00
12,940 00
3,283 60
62 40
2,720 15
82 00
2,949 60
20 55
2,907 20
44 00
2,095 00
134 35
170 22
17 56
199 11
156 43
12 20
270 49
171 47
2 67
355 68
171 13
9 98
510 81
202 76
43 85
857 42
$586,616 12
$580,097 30
$598,371 65
$606,320 13
$600,032 92
$40,000 00
25,000 00
$40,000 00
30,000 00
$40,000 00
30,000 00
$40,000 00
30,000 00
$40,000 00
30,000 00
13,712 40
5,622 16
815 00
8,051 67
80 00
7,001 66
9,991 50
76,303 05
35,924 04
73,178 12
39,481 10
83,886 46
43,700 41
77,842 36
41,619 31
100 00
212 22
253 53
906 89
349,226 40
50,446 46
$600,032 92
86,425
39,273
416
125
14
20
00
00
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
347,556 15
48,020 48
342,984 43
47,804 27
342,719 98
51,280 66
299 67
350,223 87
50,954 53
$586,616 12
$580,097 30
$598,371 65
$606,320 13
90
STA TE BAN KING D EPA R TM EN T.
No. 235.
T H E CHESANING STATE BANK, CHESANING.
Organized June 22, 1901.
Chapman, P r e s id e n t ; M. L. Parshall, G. M. Peet, V ic e P r e s id e n t s ; F. A. Greenfelder, C a s h ie r ;
Harry N . Slack, Frank J. Stevens, A s s i s t a n t C a s h ie r s .
Directors.— O. D . Chapman, F. A. Greenfelder, R alph A gnew , G. M. P eet, M. L. Parshall, O. C. Sperry.
O. D .
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
Expenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fixtures.........................
Other real e s t a t e ...................................
D ue from other hanks and bankers,
not reserve c it ie s ..............................
R em s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$127,156 60
54,947 55
$155,321 17
49,514 37
$143,320 25
49,480 73
$142,986 10
53,639 21
$154,111 99
50,070 24
143,135 00
159,100 00
167,175 00
170,203 00
168,378 00
162 49
173 34
87 96
156 69
117 86
7.500 00
1.500 00
6,500 00
1,000 00
6,500 00
1,000 00
6,500 00
1,000 00
6,000 00
1,000 00
200 00
225 00
225 00
225 00
5,603 05
5,470 41
7,002 12
4,349 98
2,398 91
31,711 04
30,000 00
1,333 36
51,000 00
10,002 30
28,000 00
7,561 72
21,000 00
23,852 53
41,000 00
7,781 00
11,000 00
5,418 00
11,000 00
9,266 00
13,000 00
12,584 00
12,000 00
18,198 00
8,000 00
135 00
5,000 00
660 00
5,000 00
5,600 00
650 00
5,500 00
97 50
6,000 00
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Checks and other cash it e m s ............
1,124 00
350 00
1,047 55
600 00
913 95
700 00
1,262 00
700 00
2,223 00
142 00
100 38
4 63
5,933 41
184 06
62 28
43 45
152 65
33 15
1,119 40
112 06
5 59
138 10
139 55
20 79
136 53
T o ta ls................................................
$433,144 15
$453,627 99
$443,578 51
$440,573 45
$482,111 90
$25,000 00
4,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
6,000 00
4,404 30
21 00
1,795 06
273 00
3,252 26
21 00
3,658 68
1,726 62
7 00
70,575 45
84,706 22
75,987 31
69,295 97
71,086 55
75,229 82
61,532 89
70,740 81
89,211 43
86,555 82
105,028 20
139,408 98
119,403 28
156,873 37
124,796 94
139,191 94
129,399 22
133,648 58
140,372 70
133,238 33
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d e p o sit. .
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
Due to banks and b an kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red 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
11,593 27
$433,144 15
$453,627 99
$443,578 51
$440,573 45
$482,111 90
STATE BANKS OF MICHIGAN.
91
No. 424.
T H E C IT IZ EN S’ STATE BANK OF CLARE.
Organized December 22, 1908.
A.
E.
Sleeper, P r e s id e n t ; Geo. E. Benner, Allen E. Mulder, V ic e P r e s i d e n t s ;
James S. Bicknell, C a s h ie r ; John R. Goodman, A s s i s t a n t C a s h ie r .
Directors.— A.
E. Sleeper, Jam es S. B icknell, Allen E. Mulder, W . H . B icknell, Jam es McColl,
Geo. E . Benner, A. E . Mussell.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a c co u n t................................
O verdrafts..............................................
E xpenses, interest and ta x es paid,
exceeding earn ings...........................
B anking h o u se .......................................
Furniture and fix tu r es........................
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U n ited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
S ilver coin:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Nickels and c en ts..................................
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ...........
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
$38,466 59
7,025 00
$38,442 56
7,025 00
$47,219 21
1,525 00
$51,373 37
$53,901 79
2,000 00
11,177 94
12,977 94
14,377 94
14,277 94
14,277 94
135 79
303 89
643 24
140 53
1,354 77
5,500 00
2,000 00
5,500 00
2,000 00
6,000 00
2,000 00
6,000 00
2,000 00
6,000 00
2,000 OO
20,367 21
7,000 00
28,207 58
4,000 00
22,073 22
2,000 00
18,606 61
3,000 00
9,328 59
2,000 00
674 02
735 86
399 48
264 04
1,230 00
2,800 00
3,897 00
530 00
1,289 00
2,408 00
6,136 00
2,232 00
1,400 00
1,125 00
1,305 00
1,460 00
2,122 50
1,272 50
1,445 65
72 00
1,731 05
1,247 30
1,000 00
2,248 65
90 00
761 80
35 00
257 48
83
460 90
212 50
40
67 81
248 97
34
164 64
207 12
81
293 15
36 76
41
256 51
$103,656 86 1 $106,896 16
$97,122 11
2,652 59
T o ta ls................................................1 $102,391 00
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
check .....................................................
Commercial certificates of d e p o s it..
Certified c h e c k s .....................................
Cashier’s checks o u tsta n d in g............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, etc . .
N otes and bills red isco u n ted ............
Bills n a v a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$106,936 59
$20,000 00
500 00
$20,000 00
500 00
$20,000 00
1,000 00
$20,000 00
1,000 00
$20,000 00
1,000 00
1,587 86
2,119 50
618 99
805 40
791 85
33,147 07
17,955 30
35,463 54
23,015 21
33,352 32
25,914 27
36,418 57
25,180 94
27,463 23
22,881 18
26,429 58
2,771 19
24,692 34
1,146 00
21,862 28
909 00
19,136 25
355 00
20,985 85
4,000 00
4,000 00
$103,656 86 ! $106,896 16
$97,122 11
$102,391 00
$106,936 59
STA TE BAN KING D EPA R TM EN T.
92
No. 118.
T H E CLARE COUNTY SAYINGS BANK, CLARE.
Organized June 23, 1891.
W. Perry, P r e s id e n t ; Wm. Wolsey, V ic e P r e s id e n t ; C. H. Sutherland, C a s h ie r ;
Joseph Hudson, A u d i t o r .
Directors.— C. W. Perry, W m. W olsey, Louis W iesm an, Joseph H udson, C. H . Sutherland.
C.
Resources.
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm ent,.........................
Bonds, m ortgages and securities:
$61,673 20
53,381 40
$57,640 84
47,714 10
$61,185 03
51,827 95
$79,311 22
64,682 19
$94,061 44
51,313 48
Savings departm ent..........................
93,615 00
95,005 00
94,114 00
103,858 00
106,548 00
Overd raf t s
..........................................
E xpenses, interest and ta x es paid,
exceeuiu s ccmuii&o...........................
B ankin g house ...................................
Furniture and fix tu r es........................
1,907 84
2,330 61
1,627 86
35 39
1,078 67
5,500 00
1,200 00
5,500 00
1,200 00
5,500 00
1,200 00
5,500 00
1,200 00
5,500 00
1,200 00
20,000 00
2,522 19
20,000 00
1,623 82
15,000 00
3,265 37
15,000 00
316 28
15,000 00
2,480 08
28,805 65
31,765 81
44,229 84
34,361 08
42,298 20
31,236 21
31,683 78
31,208 44
24,330 76
40,900 11
18,191 00
7,430 00
10,764 00
11,539 00
8,080 00
10,580 00
9,909 00
6,595 00
6,063 00
5,000 00
5 00
2,565 00
5 00
2,575 00
45 00
2,650 00
10 00
2,965 00
20 00
3,205 00
2,355 00
114 35
4,191 30
11 85
4,446 35
1 55
3,773 70
139 90
2,385 95
288 00
83 05
52
1,809 98
92 69
1 73
4,255 64
108 21
782 18
114 28
11 82
4,681 90
131 13
18 41
5,439 14
$332,924 99
$343,041 50
$333,947 91
$360,995 90
$364,963 17
$20,000 00
10,000 00
$20,000 00
10,000 00
$20,000 00
10,000 00
$20.000 00
10,000 00
$20.000 00
10,000 00
5,096 99
2,515 28
350 00
4,762 26
4,709 26
4,141 80
Commercial 'deposits subject to
check .................................................
Commercial certificates of d e p o sit..
Certified checks
56,372 38
52,573 54
62,624 16
56,340 41
51,338 06
57,432 88
52,551 97
59,274 32
49,512 25
71,536 12
State m onies on deposit ..................
D ue to hanks and han kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
j^pejerved fnr fa x e s interest, etc .
N ofes and hills rediscounted
5,000 00
2,500 00
122,592 92
66,289 16
123,802 01
67,409 64
130.566 46
59,848 25
136,578 22
72,882 13
133,955 68
73,317 32
T o ta ls................................................
$332,924 99
$343,041 50
$333,947 91
$360,995 90
$364,963 17
D ue from other banks and bankers,
Item s in transit,
................................
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm ent,. ! .....................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm ent
Checks and other cash ite m s ...........
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
lrplus fund ..........................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
paid
.................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
'
£3
STATE BANKS OP MICHIGAN.
No. 267.
E.
JOSSMAN STATE BANK, CLARKSTON.
Organized November 25, 1902.
A.
K. Edgar. P r e s id e n t ; C. J. Sutherland, V ic e
P r e s id e n t ;
Ralph E. Jossman, C a s h ie r .
D i r e c t o r s .— A. K . Edgar, E . Foster, George F. Gross, R alph E. Jossm an, C. J. Sutherland,
Lant Sherwood, S. W . Sherwood.
Resources.
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep artm en t................
Ravings departm ent,.........................
Bonds, m ortgages and securities:
$69,321 27
22,132 26
$57,412 84
30,646 80
$40,541 02
37,575 65
$47,344 55
27,709 33
$40,190 45
42,530 92
Ravings departm en t.. . ...................
47,626 29
40,329 50
40,238 35
54,604 90
58,127 40
636 44
569 91
569 91
400 00
509 91
1,725 00
548 45
6,498 20
6,530 42
E xpenses, interest and ta x es paid,
Furniture and fix tu r e s .......................
Other real esta te
............................
D ue from other banks and bankers,
1,626 45
51 28
1,112 80
80
1,186 20
80
Item s in transit
..............................
U nited States bonds:
D ue from banks in reserve cities:
Commercial departm ent,................
Ravings departm ent,.........................
E xchanges for clearing house:
554 32
2,200 00
2,334 21
3,000 00
1,835 15
6,500 00
18,483 85
15,000 00
1,984 89
10,000 00
338 00
3,500 00
522 00
8,450 00
1,288 00
7,000 00
3,024 00
5,000 00
993 00
6,000 00
1,860 00
205 00
280 00
50 00
500 00
115 00
700 00
96 40
300 00
121 05
225 00
130 90
50 00
159 40
450 00
248 70
290 00
3 63
45 73
28 20
2 53
41 68
2 89
12 27
50 00
9 82
10 00
$150,240 79
$150,396 52
$143,696 77
$174,545 21
$163,474 43
$20,000 00
11,000 00
$20,000 00
11,500 00
$20,000 00
11,500 00
$20,000 00
11,500 00
$20,000 00
14,000 00
872 15
56 15
330 00
512 07
50 00
2,901 85
619 33
10,578 10
17,145 28
15,131 55
26,526 00
12,862 75
6 26
6 26
106 26
6 26
6 26
26,949 00
50,715 28
32,934 10
49,924 73
38,788 23
52,858 66
56,126 35
57,484 75
55,446 43
60,539 66
30,120 00
18,500 00
4,750 00
$150,240 79
$150,396 52
$143,696 77
$174,545 21
$163,474 43
U . S. and N ational bank currency:
Commercial d ep artm en t................
Ravings departm ent,.........................
Gold coin:
Commercial departm ent
Ravings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Ravings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Ravings departm ent,.........................
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Rnrplns fund ..........................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
paid
..............................................
Commercial deposits subject to
c h e c k ................ A............. ;
.
Commercial certificates of d ep osit..
Certified c h e c k s......................................
Ravings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved iui Lances, interest» e t c . . •
N otes and bills red isco u n ted ............
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
m
STA TE BAN KING D EPA R TM EN T.
No. 486.
*TH E E D W IN NASH STATE BANK, C LA RKSV ILLE.
Organized June 5, 1911.
Fred Robbins, P r e s id e n t ; Leroy A. Scoville, V ic e P r e s id e n t ; Ernest Nash, C a s h ie r ;
Roy Blough, A s s i s t a n t C a s h ie r .
Directors.— Fred Robbins, Leroy A. Scoville, D avid F. W alter, Edw in F . Cool, George E. Marvin,
E rnest N ash.
Resources.
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep a rtm en t........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Report of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
117,091 12
12,000 00
12,125 00
Liquidating a c c o u n t.............................
Accrued in ter e st.....................................
O verdrafts................................................
Expenses, interest and ta x es paid,
exceeding earnings...........................
B anking house ...................................
Furniture and fixtures........................
27,663 37
1,113 37
164 81
85 29
2,400 00
1,500 00
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds,:
Savings d ep artm en t.........................
250 00
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:'
Commercial d ep a rtm en t................
Savings departm en t.........................
14,776 62
11,000 00
U . S. and N ational bank currency:
Commercial d ep a rtm en t..............
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
1,452 00
1,000 00
340 00
Silver coin:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.......................
Checks and other cash ite m s .........
27 36
70
295 15
T o ta ls................................................
$104,324 79
364 00
76 00
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial deposits subject to
check .....................................................
Commercial certificates of d e p o sit..
Certified c h e c k s......................................
Cashier's checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and b an kers................
Savings d ep o sits.....................................
Savin vs certificates of d e p o s it.........
Liquidating a c c o u n t............................
R eserved for taxes, interest, e t c . ..
N otes and bills rediscounted............
B ills p a y a b le............................................
120,000 00
14,038 48
24,541 70
45,744 61
1
T o ta ls................................................
1
^Commenced business August 1, 1911.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$104,324 79
STATE BANKS OF MICHIGAN.
65
No. 376.
T H E CLIMAX STATE BANK, CLIMAX.
Organized A ugust 25, 1907.
M.
Scramlin,
Directors.— A.
P r e s id e n t ; J. W .
Pierce,
V ic e P r e s id e n t ; T. E .
Sinclair,
C a s h ie r .
A. Aldrich, A. T. Slaght, M. Scramliu, L. T. Becker, T. T. H allock, J. W . Pierce,
A. D . Leiter.
Resources.
Loans and discounts:
Horn m piroi al d epart m e n t ................
ftavings riepartm ent.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
.Savings d ep artm en t.........................
Premium a m o u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceed i n g earnings...........................
■Ranking h o u se ........................................
Furniture and fix tu res........................
Report of
Report of
N ov. 10, TO. Jan. 7, ’l l .
U . S. and N ational bank currency:
fiom meroi al departm e n t ................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
check ......................................................
Commercial certificates of d ep o sit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
S tate m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
R eport of
June 7, ’l l . Sept. 1, ' l l .
132,796 58
23,844 24
838,490 40
22,090 81
$39,168 27
20,250 19
$33,484 16
17,019 46
$28,828 32
20,029 98
40,919 43
41,026 93
41,979 50
46,329 50
46,069 50
1,903 51
179 92
17 14
545 47
64 11
1,250 00
1,250 00
1,250 00
1,250 00
1,250 00
Other real e s t a te ....................................
D ue from other banks and bankers,
not reserve c itie s ...............................
Item s in tr a n s it......................................
U nited States bonds:
Savi n gs d epartm en t .........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Report of
Mar. 7, ’l l .
192 24
1,072 15
9,787 05
9,821 67
10,804 90
1,811 21
9,864 40
5,827 47
9,140 89
3,275 81
15,256 03
278 00
2,300 00
282 00
2.500 00
526 00
1,200 00
1,000 00
2,517 00
1,000 00
3,077 00
260 00
1,700 00
225 00
1.500 00
55 0Q
1,800 00
505 00
1,250 00
500 00
1,095 00
293 10
214 60
254 70
149 50
48 00
237 45
49 21
108 25
93 19
55 85
233 22
12 05
29 23
26
11 50
44 36
342 65
8116,509 12
$128,919 94
8118,281 65
$119,107 44
$121,070 21
820,000 00
600 00
$20,000 00
1,000 00
$20,000 00
1,000 00
$20,000 00
1,000 00
$20,000 00
1,000 00
1,309 45
225 58
1,069 25
1,569 89
1,724 65
15,015 06
32,131 80
22,886 24
20,232 44
18,594 94
73,045 97
6,538 04
71,175 07
4,387 49
70,906 42
2,419 74
72,796 90
3,508 21
74,996 98
4,753 64
8116,509 12
$128,919 94
$118,281 65
8119,107 44
$121,070 21
STA TE BAN KING D EPA R TM EN T.
96
No. 483.
*TH E CLIO STATE BANK, CLIO.
Organized May 1, 1911.
Chas. H. May, P r e s id e n t ; Albert E. Sleeper, V ic e P r e s id e n t ; Chas. G. Matzen, C a s h ie r .
Directors.— Chas. H. May, Ernest R . May, Albert E . Sleeper, Chas. Noble, Chas. G. M atzen.
1
R esources.
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial department?................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fixtu res........................
Report of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$52,561 16
$54,699 80
17,064 07
72,909 18
3,352 45 .
96,536 96
84 46
316 93
5,500 00
2,928 35
5,500 00
2,730 35
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ...........
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
check ......................................................
Commercial certificates of dep osit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ...........
S tate m o n ies on d e p o s it.....................
D ue to ban-frs and bankers................
Savings d e p o sits.....................................
Savings certificates of d e p o s it.........
Chas. H . M ay & Co., liquidation
account (savin gs d ep a rtm en t).. .
R eserved for taxes, interest, etc . . .
N otes and bills red isco u n ted ............
Bills p a y a b le............................................
T o ta ls................................................
♦Com menced business June 2, 1911.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4,630 66
22,324 30
8,557 49
14,975 91
7,117 00
1,000 00
2,841 00
5,000 00
350 00
545 00
340 80
265 35
202 28
271 28
30 80
807 20
$168,700 78
$214,742 00
$25,000 00
$25,000 00
149 54
659 33
23,57.4 17
50,956 58
719 19
115,624 62
1,540 11
2,812 34
100 05
59,850 20
46,113 46
31,343 19
1
1 $168,700 78
.........
$214,742 00
STATE
BANKS OF MICHIGAN.
97
No. 104.
T H E BRANCH COUNTY SAVINGS BANK, COLDW ATER.
Organized October 14, 1890.
B.
S.
Spofford, P r e s id e n t ;
Directors.— B. S.
F. L.
Burdick, V ic e P r e s id e n t ;
M. W .
Wimer, C a s h ie r .
Spofford, G. W. Van Aken, N. A. R eynolds, F. L. Burdick, A. Milnes, N . B aldw in,
H . P. W oodward.
R esources,
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fix tu r es........................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$221,315 98
32,500 00
$247,333 64
42,500 00
$213,772 19
32,500 00
$261,603 80
42,500 00
$246,373 03
50,000 00
212,811 75
217,646 75
235,798 75
230,223 75
234,544 74
359 91
922 61
1,084 97
2,009 93
96,302 09
25,000 00
72,628 13
25,000 00
94,890 58
25,000 00
87,927 26
25,000 00
84,798 07
25,000 00
2,146 61
2,512 54
2,641 27
1,836 17
5,483 71
8,333 00
25.000 00
14,009 00
10,000 00
19,209 00
10,000 00
14,643 00
18,000 00
14,242 00
15.000 00
1,502 50
18.000 00
4,205 00
15,000 00
1,740 00
15,000 00
1,477 50
15¡000 00
5,625 00
12.000 00
4,154 50
297 00
4,099 25
780 00
3,059 95
1,000 00
2,826 00
1,028 00
2,691 70
1,687 00
106 25
81
135 89
4 71
128 17
12 81
161 43
70
$647,830 40
$656,777 52
$655,837 69
$710,237 54
$097,594 54
$50,000 00
31,000 00
$50,000 00
35,000 00
$50,000 00
35,000 00
$50,000 00
35,000 00
$50,000 00
36,000 00
7,746 12
887 68
156 00
2,843 38
7,358 84
2,769 08
101,967 07
143,507 65
118,943 72
140,858 66
94,985 39
153,697 36
129,853 23
150,273 02
124,842 04
145,751 05
313,609 56
310,931 46
319,311 56
337,752 45
338,232 37
$647,830 40
$656,777 52
$655,837 69
$710,237 54
$697,594 54
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of deposit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
S ta te m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
13
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
148 66
63'
STA TE BAN KING D EPA R TM EN T.
98
No. 292.
T H E STATE BANK OF COLEMAN, COLEMAN.
Organized June 1, 1904.
C. W .
McPhail, P r e s id e n t ;
Directors.— C.
C. H. Niggeman, V ic e P r e s id e n t ; C.
P. T. Herwig, A s s i s t a n t C a s h ie r .
H. Macomber, C a s h ie r ;
W. M cPhail, J. E . Curtice, C. H. Macomber, E. B . K napp, C.
C. H. N iggem an, J. M. Allen.
R esources.
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l -
D.
W illiam s,
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
$62,317 88
19,561 15
$51,771 60
25,442.30
$56,004 07
30,261 86
$59,984 76
17,919 47
$54,834 75
17,439 89
Savings d ep artm en t.........................
27,095 08
38,505 08
52,385 33
62,329 83
56,911 94
O verdrafts................................................
E xpenses, interest and taxes paid,
2,616 10
2,169 87
408 80
522 61
397 97
B anking h o u se .......................................
Furniture and fix tu r e s........................
8,599 25
2,214 96
8,599 25
2,214 96
8,599 25
2,214 96
8,599 25
2,214 96
123 90
8,000 00
2,000 00
2,606 04
1,016 65
3,373 65
374 80
75 65
1,894 07
18,345 09
8,538 66
22,902 15
15,409 32
6,770 40
13,539 93
4,351 23
9,750 14
1,829 38
8,695 21
1,354 00
3,300 00
2,800 00
4,750 00
1,074 00
5,000 00
3,380 00
3.000 00
1,423 00
5,000 00
5 00
1,800 00
30 00
1,800 00
105 00
2.000 00
2,365 00
1,772 50
209 50
200 00
200 00
547 25
360 60
300 00
405 90
396 65
53 15
1 72
70 74
1 39
137 19
164 00
87 97
77
1 10
32 72
30 74
$159,872 47
$181,167 81
$180,808 76
$174,628 07
$159,727 68
$20.000 00
3,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
2,527 03
106 07
500 00
980 31
2,815 52
986 25
100 00
43,272 80
30,513 17
48,489 62
20,226 62
45,265 68
6,272 88
46,792 14
1,948 97
72 00
42,823 86
546 97
3,000 00
2,000 00
20,894 13
39,665 34
25,955 32
60,890 18
23,089 93
80,199 96
21,282 38
73,717 06
23,275 66
64,994 94
$159,872 47
$181,167 81
$180,808 76
D ue from other banks and bankers,
Item s in tr a n s it.....................................
U nited States bonds:
Savin gs d epartrn e n t.........................
Due from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
rY)mm err,ial departm ent,................
Sa v i ngs d epart m e n t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Sa vi n gs d epart m en t,.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of dep o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State monies on d e p o s it.....................
Due to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest , e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
200 00
32 20 .........
$174,628 07 |
79 25
$159,727 68
STATE
BANKS
OF
M ICH IGAN .
99
No. 442
T H E ST A T E B A N K O F COLOMA.
Organized November 28, 1909.
W . 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.
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 .— Wm. H. Ball, Chas. O. Ball, A rvine S. Miller, Lym an Ingraham , Lewis U m phrey.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium account .
O verdrafts................................................
E xpenses, interest and taxes paid,
exceeding earnings...........................
B anking h o u se ............................
Furniture and fixtures........................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$51,159 08
6,700 00
$48,220 21
3,550 00
$41,090 43
3,550 00
$48,611 98
2,500 00
$60,877 58
6,050 00
5,000 00
53,635 00
7,000 00
52,785 00
7,000 00
52,785 00
2,000 00
51,035 00
17,000 00
75,700 00
316 30
7 93
316 30
243 01
316 30
298 77
316 30
24 81
513 25
39 53
2,200 00
1,340 00
2,200 00
1,344 50
2,200 00
1,367 00
2,200 00
1,367 00
2,200 00
1,367 00
6,892 53
7,064 78
2,855 84
7,974 70
10,894 88
8,156 21
6,518 62
6,861 95
14,234 19
8,853 57
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t......................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t. . .
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ...........
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d .* .......................................
U ndivided profits, less losses, current expenses, interest and taxes
p a id ........................................................
D ividends un paid..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d ep osit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and bankers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
Bills pa y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
4,804 00
2,821 00
500 00
3,559 00
2,000 00
3,816 00
2,500 00
6,957 00
3,500 00
3,197 50
2,927 50
952 50
1,070 00
922 50
1,112 50
466 75
400 00
315 65
365 00
253 85
200 00
395 50
200 00
827 25
450 00
341 73
45 09
114 03
512 29
175 29
667 62
674 75
100 08
256 54
578 98
89 49
339 04
263 49
35 75
295 25
$143,684 72
$134,773 91
$136,725 31
$130,277 17
$200,276 36
$25,000 00
$25,000 00
500 00
$25,000 00
500 00
$25,000 00
500 00
$25,000 00
500 00
2,281 31
51 95
170 91
501 37
832 82
42,491 13
2,524 19
37,671 50
3,213 29
32,069 08
3,388 77
31,121 79
1,254 58
80,456 60
3,142 54
345 72
28,386 78
42,655 59
59 68
28,800 46
39,477 03
7,500
235
28,850
39,010
7,500
290
21,891
42,217
2,500
142
34,298
53,403
$143,684 72
$134,773 91
00
26
91
38
$136,725 31
00
49
00
94
$130,277 17
00
58
37
45
$200,276 36
STA TE BANKING D EPA R TM EN T *
100
No. 427.
E . H IL L A N D SO N S’ ST A T E B A N K , 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 .— Thom as J. H ill, Grant E. Farrand, Frank E. Hill, Susan V. Hill, Joseph Farrand.
R esources.
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l -
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
170,049 35
50,531 52
$76,000 99
43,969 02
$77,985 75
43,469 02
$83,557 85
22,950 40
$71,425 24
7,802 90
Savings d ep artm en t.........................
64,251 76
63,694 26
59,294 20
9,753 75
74,102 88
14,646 25
96,728 28
O verdrafts.............................................. •
E xpenses, interest and ta x es paid,
12 21
047 88
12 30
143 76
6 53
Banking h o u s e ....................... ................
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
16,737 17
18,893 74
18,693 36
13,082 74
15,708 70
26,929 29
18,427 30
26,165 06
35,240 53
18,431 97
3,152 00
4,820 00
3,038 00
3,800 00
3,616 00
4,500 00
3,800 00
3,405 00
3.000 00
4,252 00
530 00
2,200 00
730 00
2,000 00
770 00
2,000 00
1,000 00
1,710 00
1.000 00
1,700 00
577 25
387 85
547 60
1,000 00
795 55
350 00
750 00
633 35
800 00
488 75
62 44
74 33
378 70
100 00
20 62
760 61
87 54
43 17
49 22
67 40
105 57
66 46
63 11
125 00
$242,658 32
$238,085 08
$245,610 80
$256,572 32
$265,777 02
$40,000 00
1,000 00
$40,000 00
1,000 00
$40,000 00
1,000 00
$60,000 00
5,000 00
$60,000 00
5,000 00
2,933 09
3,077 34
4,499 30
838 89
569 09
57,566 03
66,617 44
63,525 76
01,661 17
70,615 92
D ue from other banks and bankers,
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ...........
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
Commercial deposits subject to
c h e c k .....................................................
Cornrnercial certificates of deposit .
........................
Cashier’s eheeks o u tsta n d in g ............
D ue to hanks and ban kers................
Savings d e p o sits.....................................
Savings certificates of d e p o s it.........
141,159 20
1,136 52
126,253 78
2,779 50
133,806 24
4,894 61
124,177 65
6,516 82
123,075 19
$242,658 32
$238,085 08
$245,610 SO
$256,572 32
$265,777 02
N otes and hills red isco u n ted ............
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OF MICHIGAN.
No. 433.
T H E C O L U M B IA V IL L E ST A T E B A N K , C O L U M B IA V IL L E .
Organized M ay 29, 1909.
C h 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 ic e , V ic e P r e s id e n t ; R o s c o e C. W i x s o n , C a s h ie r .
D i r e c t o r s .— Charles Patten, S. C. H allenbeck, S am ’l P. Selden, C. D . Chapin, W in. J. H oxsie,
W m. Thom, W m. W ilson, Geo. D . Clarke, R . C. W ixson.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm ent,.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savj n gs d apartm ent,.........................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Tanking house ...................................
Furniture and fix tu r es........................
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
$27,772 88
$30,041 93
$34,024 81
$39,876 07
$41,838 29
9,690 00
11,740 70
6,690 00
14,075 70
9,915 00
16,078 50
9,915 00
20,757 50
9,215 00
21,211 50
733 74
416 00
164 41
37 54
31 26
214 31
1,557 00
1,563 75
1,588 75
1,588 75
9,788 22
2,044 07
15,180 91
1,881 60
4,136 70
2,094 05
4,463 11
2,605 70
4,125 35
2,823 57
1,569 00
1,712 00
1,000 00
2,578 00
400 00
2,503 00
1,450 00
3,196 00
1,000 00
900 00
55 00
100 00
267 50
1,557 00
Other real esta te
.........................
D ue from other banks and bankers,
not reserve c itie s ..............................
564 00
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep osit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
865 00
830 00
487 65
450 25
382 00
564 50
85 60
522 80
1 00
370 85
32 50
52 54
54 08
19
5 00
106 29
09
45 50
55 32
30
267 93
52 79
39 50
$66,869 30
$74,311 66
$72,657 20
$84,199 02
$85,988 52
$20,000 00
$20,000 00
100 00
$20,000 00
100 00
$20,000 00
100 00
$20,000 00
300 00
558 46
41 24
368 00
538 59
1,131 77
10,449 47
17,748 51
14,861 33
21,601 60
12,600 16
19,851 78
8 43
15,542 02
22,505 85
4 88
10,626 00
26,314 21
2 00
3,341 24
14,771 62
3,477 60
13,861 89
3,407 82
16,150 42
3,601 08
21,313 42
3,475 31
20,211 00
$66,869 30
$74,311 66
$72,657 20
$84,199 02
$85,988 52
20 85
60 00
5,000 00
STATE BANKING DEPARTMENT.
102
No. 32.
T H E F A R M E R S ’ S T A T E B A N K O F 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 o ,sh ier;
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 i r e c t o r s .— Percy E. Chappie, H. E. D ew ey, F. P. Dann, A. S. W olcott, W. H. Magel, J. H enry D art,
C. V. Cutting.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fix tu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d e p o s it..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red 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
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
$58,475 09
68,166 59
$31,441 07
71,942 08
$35,416 09
73,632 98
$35,299 10
46,766 38
$36,146 25
52,715 33
147,632 60
143,332 60
143,332 60
24,500 00
131,982 60
24,500 00
131,600 60
1,745 39
102 40
130 47
485 72
2 36
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
10,205 15
24,874 12
17,300 24
38,386 10
16,826 29
28,028 02
23,477 73
42,332 46
17,963 69
40,810 63
170 00
1 50
2,600 00
5.000 00
5,034 00
3,500 00
5,027 00
3,500 00
3,248 00
5,500 00
5,500 00
3,800 00
1.000 00
6,077 50
195 00
7,000 00
330 00
7,000 00
2,000 00
5,400 00
7,510 00
55 00
540 00
500 00
400 00
330 00
500 00
650 00
100 00
400 00
190 00
17 82
6 37
88 59
34 32
72 65
40 53
76 84
$334,395 63
$327,426 40
$322,127 60
$329,782 52
$329,215 70
$25,000 00
12,500 00
$25,000 00
12,500 00
$25,000 00
12,500 00
$25,000 00
12,500 00
$25,000 00
12,500 00
5,087 36
5,500 64
228 00
6,192 56
60 00
6,744 44
7,343 13
100 00
59,330 74
65,973 11
60,601 21
55,062 10
53,195 91
86,565 93
145,911 60
85,798 20
132,426 45
85,253 31
132,520 52
89,075 37
141,400 61
87,508 24
143,568 42
$334,395 63
$327,426 40
$322,127 60
$329,782 52
$329,215 70
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
STATE
BANKS
OF
103
M ICH IGAN.
No. 174.
CO M M ERCIAL ST A T E B A N K O F C O N ST A N TIN E , CO N STA N TIN E.
Organized August 1, 1894.
C h a r l e s E . H a g e n b u c h , 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 .
D i r e c t o r s .— John B. George, W. H. Burger,
Chas. M. Burger, John Blue, Charles E. H agenbuch,
Jam es A. Marsh, Robert T. Weir, K. W. H artm an.
Resources.
Loans and discounts:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
rv>mmereia,l departm ent ..............
Savings d ep artm en t.........................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$78,542 49
50,133 03
$71,340 24
66,257 30
$73,570 28
63,758 48
$79,450 76
57,244 74
$68,065 50
62,448 84
90,340 32
90,332 79
86,309 33
99,338 33
104,538 33
Preminm account,
O verdrafts................................................
E xpenses, interest and ta x es paid,
3,484 90
4,069 88
2,139 50
2,008 82
2,445 61
Banking house .....................................
Fnrnitnre and fixtures........................
8,000 00
2,270 00
8,000 00
2,270 00
8,000 00
2,270 00
8,000 00
2,270 00
8,000 00
2,270 00
381 80
187 50
223 20
6,395 26
27,349 82
9,342 29
9,926 89
14,244 30
12,939 29
19,532 47
23,677 75
8,799 95
11,393 23
6,108 00
2,770 00
3,878 00
5,200 00
2,903 00
1,136 00
4,761 00
2,370 00
5,126 00
3,984 00
7,695 00
35 00
7,900 00
5 00
7,900 00
8,890 00
15 00
7,900 00
634 25
50
976 40
3 95
814 00
629 10
35
704 75
45
118 80
08
248 91
97 18
03
1,855 35
101 01
04
1,812 28
101 87
02
632 69
115 84
02
1,449 16
$284,473 10
$281,672 80
$278,131 71
$308,907 90
$288,526 79
$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
7,873 37
3,900 37
1,050 00
6,058 11
6,625 40
5,439 41
500 00
48,311 04
47,101 47
50,030 46
60,761 31
42,322 51
108,354 84
69,933 91
110,912 30
68,708 66
104,803 32
67,239 82
116,372 58
75,148 61
122,032 26
68,232 61
$284,473 16
$281,672 80
$278,131 71
$308,907 90
$288,526 79
Other real estate
..........................
D ue from other banks and bankers,
not reserve pities
Ttcms jn transit,
U nited States bonds:
fS avin gs d epartm en t .........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Silver coin:
Com m erci al d epart m en t,................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ...........
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep osit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
S tate m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest , etc . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1,270 11
101
STATE BANKING DEPARTMENT.
No. 173.
T H E F IR ST ST A T E B A N K O F C O N ST A N TIN E, C O N ST A N TIN E.
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 . H agenbuch, J. M a r k H arvey, D . S . Crossett, E . W . K eightley
George Crossett H arvey, L. A. Strohm, L. A. H arvey.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and taxes paid,
exceeding earn ings...........................
Banking h o u se ........................................
Furniture and fix tu res..................
O ther real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U n ited States bonds:
Savings departm en t.........................
D u e from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xch anges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Report of 1 R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
[
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$207,229 00
19,876 35
$202,826 45
26,697 92
$212,066 71
24,251 02
$205,311 90
19,165 58
$207,597 95
18,227 78
10,000 00
88,348 16
14,000 00
88,434 78
10,000 00
90,259 78
500 00
99,591 78
1,500 00
99,512 07
1,414 61
3,849 98
1,125 52
60 00
1,566 02
1,553 85
8,105 00
1,362 00
8,100 00
1,300 00
8,100 00
1,300 00
8,100 00
1,300 00
8,100 00
1,300 00
100 00
100 00
100 00
100 00
100 00
2,188 93
4,120 36
3,239 55
565 12
1,853 17
21,883 58
12,196 67
18,444 65
15,266 31
15,802 97
12,329 70
23,322 48
16,414 10
19,754 88
15,205 20
8,425 00
7,272 00
7,259 00
8,712 00
8,700 00
4.500 00
6.500 00
4.000 00
7.000 00
3.000 00
8.000 00
2,000 00
8,000 00
2,000 00
8,000 00
653 25
1,398 90
1,470 00
1,580 75
1,074 75
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Nickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ............
146 81
160 23
142 91
172 72
145 49
507 55
1,303 14
703 32
205 42
1,284 85
T o ta ls................................................
$393,437 51
$404,274 72
$399,150 48
$396,667 87
$395,970 05
$30,000 00
15,000 00
$30,000 00
15,000 00
$30,000 00
15,000 00
$30,000 00
15,000 00
$30,000 00
15,000 00
2,175 29
1,528 01
1,093 98
2,547 89
845 60
81,626 37
132,575 90
76,182 16
136,801 59
73,908 12
130,891 46
238 30
1,041 19
399 27
22,029 59
109,792 06
23,148 90
110,572 87
26,636 91
105,513 84
29,516 38
112,610 81
32,521 74
118,367 22
15,106 90
9,769 90
8,769 90
$399,150 48
$396,667 87
$395,970 05
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject tc
check ......................................................
Commercial certificates of deposit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it.....................
D ue to banks and b an kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10,000 00
$393,437 51
$404,274 72
67,516
127,378
924
1,404
45
33
00
11
67,019
122,774
390
281
79
37
00
43
STATE
BANKS
OF
M ICH IGAN .
105
No. 281.
C O O P E R SV IL L E S T A T E B A N K , C O O P E R S Y IL L E .
Organized October 27, 1903.
E m m e t H . P e c k , 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, John W eatherw ax,
Frederick D . Sm ith, W alter I. Lillie,
Julia A. Lillie, E m m et H . Peck.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial iiap artm ent................
Savings departm en t.........................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report >f
R eport of
June 7, ’l l . Sept. 1, ’l l .
$67,390 54
43,694 55
$69,919 06
45,196 65
$64,650 09
43,819 87
$86,483 87
20,101 64
$83,509 64
23,579 38
184,548 76
187,160 61
195,998 74
179,817 31
186,661 31
O verdrafts................................................
E xpenses, interest and taxes paid,
1,706 02
784 09
550 79
318 10
2,244 99
B anking h o u se .......................................
Furniture and fix tu r es........................
2,500 00
1,654 06
2,500 00
1,654 06
2,500 00
1,654 06
2,500 00
1,654 06
2,500 00
1,654 06
613 62
613 62
2,113 62
603 62
603 02
1,893 47
920 83
Other real e s t a t e ...................................
D ue from other banks and bankers,
3,000 00
5,000 00
778 41
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings d ep artm en t.........................
E xchanges for clearing house: .
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
3,995 21
22,948 60
3,959 62
20,146 98
19,738 19
23,768 79
9,810 20
29,038 14
10,399 55
28,386 54
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
1,000 00
1,784 00
1,021 00
1,780 00
2,277 00
1,690 00
4,167 00
3,463 00
Savings d ep artm en t.........................
11,480 00
11,520 00
12,210 00
605 00
12,100 00
675 00
13,000 00
332 90
74 65
594 55
75 67
Silver coin:
Commercial d ep a rtm en t................
131 56
202 29
419 45
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ...........
32 80
91
97 78
60 28
51 08
54 17
84 65
5Ì
18 44
T o ta ls................................................
$349,461 33
$346,827 09
$374,448 98
$349,218 65
$358,286 58
$20,000 00
7,000 00
$20,000 00
7,000 00
$20,000 00
7,000 00
$20,000 00
7,000 00
$20,000 00
8,000 00
4,080 86
4,520 47
640 00
5,586 74
7,115 63
4,959 03
48,688 56
48,862 38
44,606 84
11,768 00
8,000 00
47,433 36
26,595 07
17 50
48,507 59
25,192 73
43,359 16
226,332 75
43,582 46
222,221 78
43,341 55
234,145 85
46,887 70
194,169 39
50,133 17
201,494 06
$349,461 33
$346,827 09
$374,448 98
$349,218 65
$358,286 58
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d ep o sit..
Certified cheeks
Cashier’s checks outstanding:.........
S ta te m onies on d e p o s it. . ; ............
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, etc . . .
N otes and bills red 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
106
B A N K IN G D E P A R T M E N T .
No. 406.
T H E S T A T E B A N K OF MONTCALM C O U N T Y , CO R A L.
Organized July 21, 1908.
J. S. 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. M. D i n s m o r e , C a s h ie r ;
H u g h S. N e w e l l , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— J. S. Newell, Thom as Hill, S. M. Dinsmore, W. E. Arbogast, Michael C. Arbogast,
P. R . D insm ore, A. N . Shook.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, mortgages and securities:
nommp.rrial d ep artm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking house .....................................
Furniture and fix tu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ............\ ...............
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Exchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t....................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ...........
T o ta ls.............
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of deposit..
Certified c h e ck s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o sit.....................
D ue to banks and bankers................
Savings d ep o sits...........................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red 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
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l . .
$35,807 08
$32,793 19
$39,585 66
$48,125 63
$53,788 10
0,596 25
15,901 59
6,704 40
16,472 50
6,380 50
18,418 00
3,850 00
23,934 75
3.700 00
21,587 75
212 08
43 15
50 92
292 26
97 65
4,172 50
2,137 80
4,172 50
2,137 80
4,172 50
2,137 80
4,172 50
2,143 95
4.172 50
2.173 95
2,130 53
2,762 57
1,215 90
2,054 04
1,990 52
8,125 83
3,691 67
6,521 16
3,285 47
7,897 65
5,211 29
5,510 84
4,133 87
2,145 49
2,661 07
1,756 00
226 00
3,686 00
187 00
2,955 00
514 00
6,513 00
286 00
3,289 00.
080 00
685 00
715 00
875 00
975 00
352 45
97 70
201 00
661 00
8 10
509 00
665 00
32 12
90
149 59
78 67
85
541 27
19 63
73
28 38
65
67 91
274 15
55 58
22 56
271 40
$81,972 99
$80,430 23
$89,963 96
$102,752 25
$97,595 57
$20,000 00
1,000 00
$20,000 00
1,000 00
$20,000 00
1,000 00
$20,000 00
1,000 00
$20,000 00
1,120 00
308 77
1,027 16
964 19
1,685 09
904 83
8,640 73
30,959 95
10,832 02
27,563 17
11,086 31
29,758 87
13,530 51
33,398 04
12,064 85
31,736 28
3,000 00
3,000 00
5,000 00
4,000 00
3,000 00
10,775 04
1,288 50
15,761 88
1,246 00
20,468 59
1,686 00
21,643 61
7,495 00
22,055 61
6,714 00
$81,972 99
$80,430 23
$89,963 96
$102,752 25
$97,595 57
107
STATE BANKS OF MICHIGAN.
No. 339.
T H E O LD CO R U N N A ST A T E B A N K , CO RU NNA.
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 i s 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 ie 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. ¡VI. Euler, W. A. R osenkrans, E. T. Sidney,
A. A. Harper.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
earnings...........................
Banking h o u se .......................................
Furniture and fixtu res........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savi n gs rl ep a rtm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings riepartm ent.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d e p o s it..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d e p o sits....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red 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
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
R eport of
Report of
N ov. 10, '10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
$166,493 45
91,911 46
$193,371 41
78,400 32
$189,365 83
107,313 53
$183,399 73
57,259 75
$158,417 54
80,765 8S
5,000 00
178,808 70
188,445 67
9,500 00
197,643 67
9,500 00
236,678 31
8,500 00
253,332 02
1,232 04
4,255 22
1,115 59
2,241 02
1,129 59
1,357 90
1,878 62
737 32
1,238 89
1,898 59
14,000 00
4,000 00
14,000 00
4,000 00
14,000 00
4,000 00
14,000 00
4,000 00
14,000 00
4,000 00
4,226 68
3,932 30
1,109 61
4,826 83
1,980 29
5,099 00
1,101 32
7,834 01
9,881 50
11,037 61
31,750 52
14,125 46
38,462 07
37,641 34
52,092 18
24,579 44
71,381 97
10,363 53
43,600 31
2,000 00
2,000 00
1,000 00
1,000 00
937 82
7,176 00
5,700 00
10,730 00
6,200 00
15,104 00
9.000 00
15,132 00
9.000 00
14.000 00'
8,362 00
1,020 00
10,000 00
1,195 00
10,000 00
1,315 00
10,000 00
1.000 00
10,000 00
11.000 00
500 00
750 00
1.000 00
700 00
562 00
638 00
69 00
62 53
42 70
26 21
97 11
453 95
138 10
50 93
1,856 98
2,326 72
$543,566 93
$571,173 61
$658,635 96
$651,065 66
$623,921 91
$30,000 00
10,000 00
$30,000 00
10,000 00
$30,000 00
10,000 00
$30,000 00
10,000 00
$30,000 00
10,000 00
1,007 26
1,942 97
1,002 94
1,962 67
32 70
53,696 49
135,645 17
66,545 01
139,088 51
116,428 26
123,468 33
109,247 13
111,347 77
79,831 76
98,357 36
139 40
29,958 29
283,120 32
2,580 66
33,915 54
287,100 92
1,829 76
35,638 11
340,268 56
4,816 49
32,095 52
351,596 08
8,310 68
36,955 32
360,434 09
$543,566 93
$571,173 61
$658,635 96
$651,065 66
$623,921 91
STATE BANKING DEPARTMENT.
108
No. 182.
ST A T E B A N K OF CR O SW E LL , CR O SW E LL .
Organized December 4, 1895.
J ohn- P. N i g g e m a n , J r ., P r e s id e n t ; A l b e r t E. S l e e p e r , V ic e P r e s id e n t ; M e l v i n H. A i t k i n , C a s h ie r ;
F r a n k L. F e n t o n , A s s i s t a n t C a s h ie r .
D i r e c t o r s .— John P. N iggem an, Jr., W m. H. Aitkin, F. J. B attersbee, M elvin H. Aitkin,
H. W. W ixon, Albert E . Sleeper, G. G. Scranton.
„
„
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Report of
Report of
N o v i 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
$123,203 10
264,917 31
$117,500 46
236,053 64
$118,464 01
233,474 49
$129,478 92
140,965 17
$140,294 39
144,729 89
250,424 23
276,997 00
291,542 58
350,653 77
23,714 25
330,842 76
2,505 43
3,059 69
463 68
1,626 83
2,305 61
6,650 00
3,103 46
5,700 00
3,103 46
7,950 00
3,103 46
9,270 05
3,060 96
9,038 35
2,283 51
1,417 70
1,417 70
1,417 70
1,417 70
1,417 70
52 65
1,162 15
1,357 13
3,023 95
108 75
2,465 55
5,327 82
3,661 92
5,028 56
5,376 29
65,585 70
52,890 28
24,623 42
100,975 71
32,591 35
98,050 86
4,676 99
90,613 47
7,114 48
75,283 35
8,662 00
7,400 00
2,200 00
5,623 00
9,074 00
3.000 00
12,236 00
13,919 00
2,000 00
8,545 00
8,000 00
1,275 00
6,010 00
2.000 00
3,000 00
4,160 00
8,590 00
345 10
100 00
80 00
306 20
76 35
18 00
361 60
707 85
125 60
85 30
1 14.0
5 19
25 11
40 92
89
1,100 70
320 93
169 58
300 08
812 12
$800,315 74
$791,996 31
$810,953 29
$761,001 71
$771,758 19
$60,000 00
12,000 00
$60,000 00
12,000 00
$60,000 00
12,000 00
$60,000 00
12,000 00
$60,000 00
12,000 00
7,558 13
6,638 17
7,049 03
11,627 61
3,344 10
64,509 08
63,565 20
44,783 72
39,931 40
48,523 91
42,633 77
44,365 42
9,404 04
53,164 63
6,200 29
1,790 41
1,550 01
8,321 21
186,270 52
398,091 60
5,504 33
185,417 77
437,720 92
12,659 76
188,721 17
439,365 65
9,570 05
185,909 84
426,334 34
12,314 79
195,484 88
427,699 49
$800,315 74
$791,996 31
$810,953 29
$761,001 71
$771,758 19
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Premium a cco u n t..................................
Ovp.rd ra,ft,s................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Ranking house .....................................
Furniture and fix tu r es........................
Other real esta te
..............................
Due from other banks and bankers,
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Ravings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Checks and other cash it e m s ............
T o ta ls.................................... ..
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ...........
State monies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e tc . . .
N otes and lulls red isco u n ted ............
B ills p a y a b le............................................
T o ta ls...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
!
109
STATE BANKS OF MICHIGAN.
No. 176.
D A VISO N ST A T E B A N K , D AVISO N .
Organized December 28, 1894.
4
B
C u l l e n , 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 id e n t ; W. G. B i l l i n g s , C a s h ie r ;
c ratney A s s i s t a n t C a s h ie r .
M. A. M B
,
D i r e c t o r s — A. B . Cullen, Israel Hill, J. H. B axter, George Leach, F. H. Jaques, S. T. Hall,
•
R esources.
W. G. B illings.
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t ..........................
Savings departm en t ........................................
Bonds, m ortgages and securities:
$55,038 10
29,337 94
$51,992 02
32,286 66
$51,093 30
29,320 00
$52,837 83
39,934 56
c i. |
$51,706 43
45,774 15
Savings departm en t.........................
148,379 31
147,754 31
145,059 31
151,688 07
153,014 79
Overd ra fts................................................
E xpenses, interest and ta x es paid,
120 79
272 55
114 56
1,669 03
2,176 17
"Pankin g house ...................................
Furniture and fixtures ........................................
4.000 00
1.000 00
4.000 00
1.000 00
4.000 00
1.000 00
4.000 00
1.000 00
4.000 00
1.000 00
D ue from other banks and bankers,
not reserve c it ie s .................................................
Item s in tr a n s it ............................................................
U nited States bonds:
5,109 55
00 00
3,282 63
99 78
3,106 85
50 00
3,739 63
721 34
2,509 38
476 83
D ue from banks in reserve cities:
Commercial d ep a rtm en t ..........................
Savings departm en t ........................................
E xchanges for clearing house:
635 21
19,500 00
4,263 90
24,000 00
4,532 40
31,000 00
2,307 43
16,000 00
1,101 32
11,000 00
..............
U . S. and N ational bank currency:
Commercial d ep a rtm en t ..........................
Sa vi n gs d ep art m en t ........................................
Gold coin:
Commercial d ep a rtm en t................
Savi n gs d epartm e n t.........................
479 00
6,500 00
1,255 00
4.500 00
1,645 00
10,500 00
1,116 00
8,000 00
552 00
6,600 00
50 00
1,700 00
330 00
1.500 00
1,947 50
12 50
2,500 00
2,765 00
87 20
000 00
145 00
500 00
108 30
825 00
69 90
530 00
103 40
500 00
19 13
107 43
55 47
72 46
4 57
49 47
108 14
26 97
146 07
46 22
135 00
$272,723 60
$277,314 35
$284,459 83
$286,299 33
$283,460 69
$20,000 00
4,000 00
$20,000 00
4,000 00
$20,000 00
4,000 00
$20,000 00
4,000 00
$20,000 00
4,000 00
5,315 34
4,474 47
100 00
5,037 04
0,824 51
4,648 20
Commercial deposits subject to
check ...................................................
32,783 64
38,131 88
36,662 84
33,075 52
29,975 70
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
44,288 23
166,336 45
62,528 01
148,079 99
75,399 97
143,359 98
96,169 60
125,629 70
100,162 88
124,673 91
T o ta ls................................................
$272,723 66
$277,314 35
$284,459 83
$286,299 33
$283,460 69
Silver coin:
Commercial d ep a rtm en t................
Sa.vi n gs d epartm e n t.........................
Nickels and cents:
Commercial d ep artm en t................
Ravi n gs d epart m e n t.........................
Checks and other cash ite m s ............
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKING DEPARTMENT.
110
No. 459.
TH E DEARBO RN STATE BAN K, D EARBORN .
Organized June 2, 1910.
H e n r y F o r d , P r e s id e n t ; H e r m a n K a l m b a c h , V ic e P r e s id e n t ; S. M c G e a c h y , C a s h ie r .
D i r e c t o r s .— H enry Ford,
Herman K alm bach, E. G. Leibold, Jam es Guinan, S. M cGeachy,
Jam es Couzens, J. H. Johnson.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t...........
Prem ium a cco u n t..................................
O verdrafts..............................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se .......................................
Furniture and fixtures.........................
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
$44,170 46
$29,381 80
15,000 00
$31,561 06
19,850 00
$25,855 17
17,680 60
$32,437 50
17,080 00
25,124 00
34,724 00
36,933 00
48,233 00
56,202 00
39 27
8 90
10,000 00
220 72
10,000 00
225 72
919 54
919 54
71 50
10,000 00
73 60
17 31
10,000 00
155 24
10,000 00
155 24
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t.............. .
Savings departm en t..........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t......................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t......................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s .........
T o ta ls......................
Liabilities.
Capital stock paid i n ..............
Surplus fu n d .......................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ............................
D ividends u n p a id ...........................
Commercial deposits subject to
c h e c k .......................
Commercial certificates of deposit
Certified c h e c k s.....................
Cashier s checks o u tsta n d in g ...........
State monies on d e p o sit...................
D ue to banks and b an kers..............
Savings d ep o sits....................
Savings certificates of d e p o s it.........
Liqu’dat'on acco n t.............................
R eserved for taxes, interest, e t c . . .
N otes and bills red 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
R eport of
Report of
June 7, ’l l . |Sept. 1, ’l l .
1
6,221. 68
3,000 00
9,123 59
6,000 00
3,915 06
7,500 00
8,875 80
9,000 00
3,355 80
9,000 00
1,790 00
1,500 00
1,935 00
3,000 00
1,275 00
3,000 00
1,661 00
3,800 00
517 00
4,200 00
40 00
40 00
55 00
215 00
320 00
477 55
277 75
'278 50
237 80
968 80
108 25
30 27
34 00
49 66
59 38
17 64
84 00
728 32
70 82
66 66
$92,516 70
$109,772 69
$115,300 84
$126,868 10
$135,410 17
$24,850 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
466 53
227 97
1,385 62
315 89
17,127 11
27,451 35
25,695 21
27,395 78
23,163 09
25,612 25
3,758 80
20,852 65
54,301 87
2,650 00
369 47
61,431 02
2,052 00
56 08
68,414 35
5,830 00
76,816 46
9,045 00
$126,868 10
$135,410 17
.................1.........................
$92,516 70
$109,772 69 J $115,300 84
STATE BANKS OF MICHIGAN.
I ll
No. 319.
T H E C IT IZ EN S’ STATE BANK OF DECATUR, DECATUR.
Organized A ugust 15, 1905.
D e o . T. P o m e r o y , P r e s i d e n t ; J. C. D u n n i n g t o n , A. J. G o b l e , V ic e P r e s id e n t s ; F. C. S t a p l e t o n , C a s h ie r .
D i r e c t o r s .— E. J. R aw son, S. B. Monroe, J. C. D unnington, Geo. T. Pom eroy, G. B. Rogers, A. J. Goble,
F. P. Hall, L. D. R oberts.
R esources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
r^omm^rrial departm ent. . . . . . . .
Savings departm en t.........................
O verdrafts................................................
E xpenses, interest and ta x es paid,
eYeeeding earn in firs...........................
•Banking h o u se ......................... ..
Furniture and fix tu r es........................
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$36,088 19
54,930 59
$37,678 91
47,337 59
$45,404 82
51,780 85
$50,085 63
34,316 52
$60,280 51
38,891 79
69,597 43
69,671 30
70,435 62
63,800 62
56,250 62
1,115 52
591 11
197 33
671 32
459 49
8,700 00
1,300 00
8,700 00
1,300 00
8,700 00
1,300 00
8,700 00
1,300 00
8,700 00
1,300 00
2,057 99
11,580 02
3,034 53
13,379 16
669 23
8,389 35
1,894 73
7,852 27
3,695 37
8,321 99
2,152 00
5,400 00
4,604 00
5,000 00
2,858 00
5,100 00
3,476 00
5,500 00
1,915 00
5,660 00
1,700 00
815 00
997 50
1,340 00
870 00
550 00
630 00
300 00
524 10
1,000 00
310 30
502 50
1,641 25
52 50
20 00
82 32
188 24
92 26
85 00
620 86
127 95
66 42
154 03
152 52
2,611 54
$195,526 56 | $194,268 87
$197,972 42
$179,687 86
$191,133 98
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d e p a r tm e n t.......................
TJ. S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
S ilv er coin:
Commercial d ep a rtm en t................
Savi n gs d epartm e n t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ...........
T o ta ls ................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial "deposits subject to
c h e c k ......................................................
Gomm ercial certificates of d ep osit..
Certified c h e c k s.......................... ..
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red 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
1,030 00
•
$20,000 00
1,500 00
$20,000 00
1,750 00
$20,000 00
1,750 00
$20,000 00
1,750 00
$20,000 00
2,000 00
4,020 99
3,924 43
4,263 29
4,671 59
3,723 31
34,136 67
1,530 72
35,898 88
3,556 24
26,935.85
1,321 04
27,008 00
2,094 21
28,470 55
3,209 94
181 42
49,562 79
79,395 11
5,000 00
2,500 00
2,500 00
52,370 35
81,967 83
48,517 04
90,185 20
44,934 20
76,729 86
54,489 37
76,740 81
$195,526 56
$194,268 87
$197,972 42
$179,687 86
$191,133 98
STATE BANKING DEPARTMENT.
112
No. 102.
T H E F IR S T STATE BANK OF DECATUR, DECATUR.
Organized Septem ber 19, 1890.
E. B. C o p l 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 i l l , C a s h ie r ;
L. E. V a n A n t w e r 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 .— E. B. Copley, A. E. Lawrence, A. W. H aydon, B elle A. Baker, A. Ward Copley.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t..................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and taxes paid,
exceeding earnings.........................
B anking h o u se .....................................
Furniture and fixtu res.........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve cities
Item s in tr a n s it...................................
U nited States bonds:
Savings departm en t.............
R eport of
Report of
N o v . 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
$64,171 79
$67,303 96
$69,354 87
5,000 00
$70,541 96
$78,826 26
6,000 00
172,604 21
168,546 94
173,554 94
184,519 94
184,353 94
2,750 64
2,224 56
2,433 38
1,161 04
600 30
9.000 00
2.000 00
9.000 00
2.000 00
9.000 00
2.000 00
9.000 00
2.000 00
9.000 00
2.000 00
476 78
476 78
450 43
450 43
450 43
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t..
Nickels and cents:
Commercial d ep a rtm en t................
Savings d e p a r tm e n t...
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ...........
Commercial deposits subject to
c h e c k ...................................................
Commercial certificates of deposit
Certified checks
Cashier’s checks outstanding
State m onies on deposit
D ue to banks and bankers.
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes interest, ete
N otes and bills rediscounted
Bills payable.
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
105 21
900 00
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
5,327 88
10,687 18
Savings departm en t.........................
30,063 92
39,825 S3
E xchanges for clearing house:
Commercial departm ent
........................ 1.........................
Savings departm en t..................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t........................
Gold coin:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
9,563 37
33,424 45
3,924 59
22,162 17
3,465 71
12,386 05
2,979 00
5.000 00
2,905 00
6,000 00
3,635 00
6,000 00
2,545 00
6,000 00
2,197 00
11,000 00
715 00
6.000 00
620 00
6,000 00
1,052 50
6,000 00
1,515 00
6,000 00
600 00
7,000 00
307 50
588 25
272 20
630 55
403 00
98 18
72 80
02 51
41 87
646 98
536 17
537 54 1
579 79
$301,485 77
$317,823 66
$322,350 11
$311,050 73 |
$319,009 86
$30,000 00
10,000 00
$30,000 00
10,000 00
$30,000 00
10,000 00
$30,000 00
10,000 00
$30,000 00
10,000 00
7,017 17
7,084 45
8,711 23
9,324 73
8,380 48
49,070 47
54,577 65
50,371 57
44,358 64
50,738 61
89 05
■
........
...............
...............
39,749 04
165,643 09
46,402 02
169,759 54
45,Ì65 64
178,101 67
52,170 30
165,197 06
58,509 73
161,381 04
*
$301,485 77
$317,823 66
$322,350 11
$311,050 73
$319,009 86
STATE BANKS OF MICHIGAN.
113
No. 196.
FA RM ER S’ STATE BANK OF D EC K ER V ILLE, D EC K ER VILLE.
Organized June 25, 1897.
Ira
A r n o t , P r e s id e n t ;
E.
M.
Ma 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 Arnot, Myra Arnot Mark, E. M. Mark, John Blower, N oah D avidson.
R esources.
Loans and discounts:
Commercial departm ents . . . . . . .
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fixtu res........................
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold cojn:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$161,358 42
$157,503 65
$154,648 85
$142,527 39
27,454 90
2,875 00
26,393 90
9,725 00
30,532 90
3,630 00
41,647 50
23,187 50
1,534 40
1,911 13
2,017 24
1,710 76
1,801 86
1,971 74
3,280 45
1,971 74
3,280 45
1,971 74
3,280 45
1,971 74
3,280 45
1,971 74
3,330 45
275 03
1,205 76
7,190 86
754 65
5,854 35
18,107 83
3,805 06
15,653 59
4,924 03
6,137 02
2,447 98
23,886 25
5,005 18
16,728 71
4,783 16
4,134 85
$153,729 51
13,541 75
...............
7,243 00
11,737 00
11,969 00
5,807 00
6,341 00
3,455 00
2,000 00
3,935 00
2,000 00
3,970 00
2,000 00
4,275 00
2,000 00
4,015 00
2,500 00
654 10
879 30
711 50
1,048 85
885 15
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash it e m s ............
12 88
13 81
3 64
8 29
20 18
323 58
858 61
442 45
124 18
258 49
T o ta ls................................................
$231,476 39
$239,277 82
$237,048 63
$237,677 24
$238,948 85
$15,000 00
10,000 00
$15,000 00
10,000 00
$15,000 00
10,000 00
$15,000 00
10,000 00
$15,000 00
10,000 00
1,516 28
1,618 74
737 21
308 23
341 55
43,920 60
104,420 52
46,862 86
108,674 53
50,531 56
114,526 67
37,563 35
105,248 73
41,676 43
114,867 16
5,000 00
13,359 03
5,000 00
15,541 11
5,000 00
1,272 31
5,000 00
10,781 05
5,000 00
8,055 30
33,259 96
36,580 58
34,980 88
48,775 88
44,008 41
5,000 00
5,000 00
$239,277 82
$237,048 63
$237,677 24
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State monies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
Bills p a y a b le............................................
T o ta ls................................................
15
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5,000 00
$231,476 39
$238,948 85
S T A T E B A N K IN G D E P A R T M E N T .
114
No. 195.
STATE BANK OF D EC K ER V IL LE , D EC K ER V IL LE .
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 c C l u s k y , C a s h ie r ;
W m . W . 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 m. H. Aitkin, M elvin H . Aitkin, Geo. B. Forrester, M. C. Richardson, C. E. McClusky.
Resources.
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
$192,970 50
$202,735 23
$197,151 89
$208,960 14
$220,026 82
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
15,201 69
18,986 54
18,080 54
9,985 54
10,997 91
2,618 75
1,449 68
2,503 06
2,091 00
1,773 53
1,900 00
1,470 00
1,900 00
1,460 00
1,900 00
1,455 00
1,900 00
1,495 00
3,100 00
1,495 00
O verdrafts................................................
Expenses, interest and ta x es paid,
exceeding warnings
................
B anking h o u se .......................................
Furniture and fixtures........................
Other real esta te
............................
D ue from other banks and bankers,
..............................
Tterns in transit
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm ent - ■
E xchanges for clearing house:
Commercial d ep a rtm en t.
Savings departm en t....................
20 00
1,054 24
1,054 24
1,554 24
2,068 77
1,260 25
460 17
1,601 87
1,500 00
20,468 97
19,713 79
17,304 09
27,079 36
15,139 50
8,905 00
7,450 00
3,873 00
6,500 00
7,375 00
9,895 00
9,905 00
10,055 00
10,885 00
*11,165 00
Silver coin:
Commercial d ep a rtm en t................
357 95
518 00
539 60
328 20
631 80
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ...........
158 93
163 76
248 34
181 48
94 63
395 44
410 62
222 46
107 68
241 70
T o ta ls................................................
$254,362 23
$266,192 62
$256,455 99
$272,288 06
$275,197 00
$20,000 00
4,000 00
$20,000 00
4,000 00
$20,000 00
4,000 00
$20,000 00
4,000 00
$20,000 00
4,000 00
3,485 51
680 51
2,400 17
2,968 10
2,480 27
73,987 90
147,616 74
76,482 62
159,254 21
67,768 54
157,287 28
80,948 87
156,871 09
80,185 14
157,768 45
5,000 00
272 08
5,000 00
775 28
5,000 00
7,500 00
7,500 00
3,263 14
$254,362 23
$266,192 62
$256,455 99
$272,288 06
$275,197 00
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.......................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.. .
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of deposit . .
Cert i fif*d checks
................................
Cashier’« checks outstanding . .
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d e p o sits.....................................
Saving certificates of d e p o sit...........
T^psprvpd for taxes, interest, e tc . .
ISfnfes and hills red isco u n ted ............
Rills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE
BANKS
OF
M ICH IGAN .
115
No. 335.
T H E D E E R F IE L D STATE BANK, D E E R F IE L D .
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. Ca n n o n , C a s h ie r ;
M . E . C a n n 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 .— W. F. W eisinger, D aniel D iver, W. T. A tkin, Geo. Cannon, D ale Munson.
R esources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, mortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fixtures........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it. . . ...............................
U nited States bonds:
Savings departm ent.........................
Due from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S.'and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
T o ta ls.. . .
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of deposit.-.
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R eport of
R eport of
N ov. 10. ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$52,745 98
15,868 27
$54,224 13
15,826 22
$46,500 75
13,804 06
$45,798 67
10,890 91
$39,414 51
16,301 90
28,755 00
28,755 00
29,855 00
29,205 00
29,605 00
885 03
824 47
1,139 88
654 18
877 98
2,700 00
2,700 00
2,700 00
2,700 00
2,700 00
481 27
481 27
700 00
100 00
320 00
6,221 65
7,193 78
6,475 22
4,100 28
8,332 17
3,100 28
16,785 15
9,100 28
19,074 85
9,877 46
3,216 00
1,742 00
4,159 00
598 00
3,164 00
1,236 00
1,214 00
3,601 00
5,737 00
3,419 00
2,025 00
2,662 50
2,840 00
1,740 00
1,016 60
1,830 00
678 10
718 35
1,282 85
917 30
71 62
18
144 58
71 45
46
60 00
74 02
54
395 81
98
98 85
31 43
97 75
33
8 71
$123,000 69
$120,402 33
$113,365 86
$124,507 07
$131,353 06
$20,000 00
2,500 00
$20,000 00
2,700 00
$20,000 00
2,700 00
$20,000 00
2,700 00
$20,000 00
3,000 00
1,730 41
30 00
730 93
630 00
1,537 02
30 00
2,083 16
30 00
2,124 16
21,029 39
22,320 99
26,464 43
20,593 34
18,543 73
20,420 50
23,493 70
19,301 50
24,083 32
20,038 00
55,389 90
49,283 63
50,134 61
56,898 71
62,107 58
$123,000 69
$120,402 33
$113,365 86
$124,507 07
$131,353 00
S T A T E B A N K IN G D E P A R T M E N T .
116
No. 301.
T H E DELTON STATE BANK, DELTON.
Organized N ovember 3, 1904.
A. A. A l d r ic 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 b e a u , C a s h ie r .
D i r e c t o r s .—A . A. Aldrich, J. G. H ughes, D onald McLeay, W illiam E lliott, L. P. Teerpenning,
*
Geo. J. D oster, T. A. Aldrich.
R esources.
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
$30,963 80
16,693 75
$25,701 50
14,457 45
$24,723 62
22,108 39
$24,431 97
31,385 73
$20,603 95
32,585 73
Savings departm en t.........................
73,227 36
73,047 36
73,350 58
65,634 37
66,879 37
O verdrafts................................................
E xpenses, interest and ta x es paid,
949 04
202 53
251 25
159 64
646 40
1,800 00
1,800 00
1,800 00
1,800 00
1,800 00
870 44
575 52
3,664 00
1,424 07
930 00
1,647 66
1,700 00
2,292 82
3,350 00
13,025 04
10,500 00
12,374 19
11,000 00
10,200 39
13,000 00
17,767 88
16,000 00
24,318 83
17,000 00
973 00
2,700 00
2,868 00
2,500 00
1,077 00
2,300 00
1,820 00
2,700 00
2,181 00
2,700 00
180 00
2,800 00
205 00
3,000 00
35 00
3,200 00
167 50
3,300 00
205 00
3,300 00
118 70
75 85
229 35
96 35
347 05
120 85
110 94
91 11
85 89
65 23
65 72
27 00
27 10
93 99
443 57
$154,987 70 j $151,609 34
$154,747 86
$168,, 790 98
$178,718 95
$20,000 00
2,000 00
$20,000 00
3,000 00
$20,000 00
3,000 00
$20,000 00
3,000 00
$20,000 00
3,000 00
3,486 95
1,598 05
1,200 00
1,721 46
3,007 84
3,756 76
23,906 37
20,853 63
23,881 90
24,049 08
29,470 56
20,010 34
82,384 04
27,019 11
77,938 55
31,011 66
73,132 84
38,166 27
80,567 79
40.940 60
81,551 03
$168,790 98
$178,718 95
Furniture and fix tu res........................
Other real esta te
............................
Due from other banks and bankers,
not reserve c itie s ..............................
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial departm ent. . .
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t..............
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
ftavin gs d epart,m e n t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savi n gs d epartment,.........................
Checks and other cash it e m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
paid
...................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of deposit
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e t c . . .
N otes and bills rediscounted
B ills pa y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2,000 00
3,200 00
$154,987 70
$151,609 34
$154,747 86
STATE
BANKS
OF
M ICH IGAN.
117
No. 73.
CENTRAL SAVINGS BANK, D ET R O IT.
Organized April 19, 1888.
W. P. H
o l l id a y ,
P r e s id e n t ; C. P. C o l l i n s , V ic e P r e s id e n t ; H a r r y J. F o x , C a s h ie r ;
M e y e r B i 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 .— W. P. H olliday, W m. T. Gage, Harry J. F ox, C. P. Collins, Alex. I. McLeod,
Edgar R exford, Sam uel T. D ouglas.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings d ep artm en t.........................
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$540,386 62
491,045 16
$538,097 98
567,227 85
$472,739 04
622,922 57
$498,331 56
576,954 50
$538,326 14
546,019 79
48,750 00
1,684,096 66
48,750 00
1,671,005 12
73,000 00
1,728,253 29
73,000 00
2,014,117 40
73,000 00
2,240,400 85
896 00
1,690 57
212 30
1,280 39
730 60
29,726 07
19,000 00
29,726 07
18,000 00
29,726 07
18,000 00
34,963 77
18,000 00
34,963 77
18,000 00
39,779 41
39,510 34
39,238 94
38,827 64
38,550 64
595 73
6,263 82
14,556 31
13,188 08
650 66
162,099 27
299,307 02
40,429 57 '
353,728 71
62,344 30
495,386 19
186,631 81
458,442 45
101,347 30
363,214 13
48,141 86
38,700 96
44,655 87
60,396 07
55,212 89
5,000 00
20,000 00
72,971 00
20,000 00
62,025 00
20,000 00
86,622 00
20,000 00
92,632 00
21,753 00
128,184 00
21,405 00
23,060 00
21,417 50
21,957 50
33,002 50
9,177 50
16,973 00
22,711 00
11,217 00
16,938 75
167 38
331 41
431 19
349 67
922 10
381 71
234 99
357 44
525 85
136 35
T o ta ls................................................ $3,487,926 39 $3,475,755 39 $3,752,574 01 $4,120,815 69
$4,216,353 47
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se .......................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it............................ ..
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
Liabilities.
Capital stock paid in ............................
$100,000 00
Surplus fu n d ............................................
85,000 00
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
7,434 61
D ividends un p a id ..................................
Commercial ‘deposits subject to
c h e c k ......................................................
706,746 55
Commercial certificates of d ep osit..
Certified c h e c k s ........................? ...........
5,210 77
Cashier’s checks o u tsta n d in g...........
14,709 62
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits..................................... 2,470,499 53
Savings certificates of d e p o s it.........
98,325 31
Reserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
Bills p a y a b le............................................
$100,000 00
100,000 00
$100,000 00
100,000 00
$100,000 00
100,000 00
$100,000 00
100,000 00
8,030 41
524 00
9,730 21
33,283 97
22,538 90
557,799 77
574,575 36
700,368 23
663,769 32
29,067 03
3,287 50
2,278 88
11,388 01
15,120 82
7,938 82
6,363 24
7,860 74
2,553,828 10
123,218 58
2,832,896 77
121,704 78
2,999,279 13
164,824 72
3,150,591 33
165,229 94
T o ta ls................................................ $3,487,926 39 $3,475,755 39 $3,752,574 01 $4,120,S15 69
$4,216,353 47
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BAN KING D EPA R TM EN T.
118
No. 47.
T H E D E T R O IT SAVINGS BANK, D ET R O IT.
Organized 1849.
Reorganized Ju ly 18, 1871.
Corporate existence extended June 7, 1901.
D. C. D b l a m a t e b , 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 ; Cy r u s B o s s , C a s h ie r ;
T h o m a s F . H a n c o c k , G e o r g e S. B a k e r , J a m e s H . D o h e r t y , A s s i s t a n t C a s h ie r s .
D i r e c t o r s .— George Hendrie, D . C. D elam ater, Charles A. D ean, E . A. Chapoton, Philip H . McMillan,
Sidney T. Miller, Strathearn Hendrie, Arthur M. Parker, John M. D w yer, Paul F. B agley.
R esources.
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep artm en t................ $1,080,760 50 $1,130,369 51 $1,077,824 90 $1,067,529 18
772,384 82
743,737 32
767,116 07
744,647 97
Savings departm en t.........................
Bonds, m ortgages and securities:
145,447 00
85,000 00
85,000 00
89,500 00
Commercial d ep artm en t................
Savings d ep artm en t......................... 6,253,342 36 6,298,362 38 6,350,080 83 6,587,770 79
145,447 00
6,697,586 36
Prp.rninm a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
0yppp.fijng earnings...........................
Banking h o u se s .....................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
Contracts for real esta te so ld ...........
D ue from other banks and bankers,
not. reserve c itie s ..............................
Item s in tr a n s it......................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
N ickels and cents:
Commercial d ep a rtm en t................
Savings dopart,mont,.........................
Checks and other cash ite m s ............
$947,487 47
755,016 01
1,044 26
299 62
1,297 50
271 52
1,397 50
603 42
5,127 63
1,880 66
90,366 02
90,267 38
89,943 38
95,871 52
102,445 56
68,795 41
284,253 70
66,110 89
292,503 61
101,028 42
246,727 03
103,593 11
226,618 32
100,460 38
216,870 31
56 12
358 12
191 22
6,064 70
100,000 00
3,931 32
200,000 00
200,000 00
200,000 00
200,000 00
200,000 00
184,346 39
879,701 11
219,453 08
843,940 60
200,674 82
985,190 43
191,462 08
907,814 79
281,080 24
1,023,345 97
42,033 16
87,759 51
67,687 71
104,991 60
53,928 47
200,847 00
. 300,000 00
99,874 00
300,000 00
144,391 00
300,000 00
160,945 00
300,000 00
216,592 00
300,000 00
8,030 00
333,120 00
8,612 50
322,667 50
8,332 50
344,260 00
12,800 00
278,290 00
4,245 00
249,875 00
39,009 70
30,830 95
25,902 85
24,632 45
31,751 69
1,435 48
1,590 04
2,169 56
2,071 41
2,908 95
13,506 73
31,144 91
15,923 12
21,910 77
13,281 69
T o ta ls................................................ $10,814,795 91 $10,876,260 67 $11,019,281 61 $11,183,550 96 $11,453,261 71
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id .................................................... ,.
$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
400,000 00
348,884 37
349,702 09
1,185 00
354,833 31
100 00
381,636 80
384,711 25
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d e p o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
919,994
55,102
4,798
7,506
957,412
76,036
9,215
4,500
937,652
84,426
1,010
32,331
962,885
168,044
3,096
4,857
989,090
139,267
3,072
18,719
D ue to banks and b an kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
133,731 30
8,461,673 83
83,103 77
95
01
89
79
03
00
00
21
94,806 38
8,492,005 89
91,398 07
05
91
81
72
76,264 13
8,618,904 89
113,757 79
89
56
09
00
65,896 16
8,690,206 82
106,927 64
04
34
18
85
104,179 62
8,791,044 76
223,176 67
T o ta ls................................................ $10,814,795 91 $10,876,260 67 $11,019,281 61 $11,183,550 96 $11,453,261 71
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE
BANKS
OF
119
M ICH IGAN .
D ET R O IT TRU ST COMPANY, D ET R O IT.
Organized N ovember 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 re a su re r; R a l p h St o n e , S e c re ta ry ; L a w r e n c e K . B u t l e r , A s s is ta n t T re a su re 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. D avidson, Frederick E . Driggs, Charles A. D ean, E lisha
H . Flynn, Frank C. B aldw in, Chester G. W hite, E dw in C. N ichols, George Peck, Edw ard H .
B utler, John H . Avery, Daniel L. Quirk, Jr., A lexander M cPherson, Sidney T. Miller, Frank W.
Gilchrist, Frank W . E ddy, Lucius Lilley, Edward D . Stair, B en ton H anchett, Jam es E. Danaher,
Samuel T. D ouglas, Arthur H . Buhl, W alter Scotten, Alex. I. Lewis, Oren S. H aw es, James Couzens,
John M. D w yer, Julius H . H aass, Julian Harris.
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Resources.
Collateral loans.
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
T im e....................... $1,560,071 53 $1,565,831 39 $1,616,208 99 $1,501,785 77
$1,495,768 91
D em a n d ................
Loans on real esta te m ortgages:
In office............................................
301,711 00
265,918 41
263,851 96
798,199 07
268,353 16
621,167 70
557,059 53
530,726 42
606,913 40
803,859 53
W ith S ta te T reasurer.................
191,550 00
189,550 00
189,550 00
189,550 00
199,550 00
In office...................................
1,542,901 75
1,548,681 55
1,212,251 21
1,215,842 60
1,409,102 04
W ith State T reasurer.................
15,000 00
15,000 00
15,000 00
15,000 00
15,000 00
Other lo a n s..............................................
Bonds:
Stocks
.................................................
Real esta te o w n e d ................................
*
Other in v e stm e n ts................................
Advances to tr u sts................................
6,266 07
12,831 93
8,242 42
5,413 91
6,998 33
Prem ium s p a id .......................................
1,576 00
1,576 00
1,576 00
1,513 00
1,513 00
D ue from approved reserve a g e n ts .
613,055 51
1,027,686 87
1,281,845 89
1,405,528 37
2,662,364 70
D ue from other banks and bankers.
60,987 61
61,040 24
49,673 65
49,609 86
50,141 80
Cash ite m s ................................................
1,860 40
8,666 82
496 98
828 39
339 01
N ickels and c e n ts..................................
3 97
2 49
2 39
1 06
1 74
Silver co in .................................................
25 90
56 40
23 65
34 70
38 90
Oold c o in ...................................................
5 050 00
5,345 00
5,070 00
5,000 00
5,025 00
U . S. and N ational bank n o t e s . . . .
6,635 00
10,158 00
8,135 00
10,090 00
10,242 00
T o ta ls ................................................ $4,927,862 44 $5,269,404 63 $5,182,654 56 $5,805,310 13
$6,928,298 12
Safety deposit v a u lts...........................
Furniture and fixtures
.....................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits. (Less expenses,
interest, and ta x es p a id l................
$500,000 00
500,000 00
$500,000 00
500,000 00
$500,000 00
500,000 00
$500,000 00
1,000,000 00
$1,000,000 00
1,000,000 00
721,338 47
706,812 79
777,701 64
313,010 78
316,563 29
Trust, d ep o sits.. . .................................
3,170,945 74
3,506,145 35
3,344,653 84
3,954,410 85
4,554,760 57
Accrned interest, and ta x e s ..............
30,578 23
56,446 49
50,299 08
27,888 50
40,307 60
10,000 00
10,000 00
16,666 66
T
Totals
o ta ls................................................ $4,927,862 44 $5,269,404 63 $5,182,654 56 $5,805,310 13
$6,928,298 12
D ividends u n p a id ..................................
Reserved for div id en d s.......................
5,000 00
Other lia b ilitie s .....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
120
STA TE BAN KING D EPA R TM EN T.
No. 386.
T H E D ET R O IT U N IT E D BANK, D ETR O IT.
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 , H e n r y M. Z i m m e r m a n n , V ic e P r e s id e n t s ;
C h a r l e s B . C r a m e r , C a s h ie r ; J a m e s R . B a r k h a m , A u d i t o r .
D i r e c t o r s .— Fred M. Warner, H enry M. Zimmermann, Frank B. Leland, Albert F
Peck, H enry W.
Standart, Laverne B assett.
Resources.
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t......................... $2,275,300 86 $2,276,719 77 $2,321,381 19 $2,517,561 74
Premium a cco u n t. . : ............................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fixtures.........................
$2,645,751 68
2,682 44
2,682 44
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it......................................
U nited States bonds:
Savings departm en t.........................
47,681 44
75,664 27
139,242 37
103,189 34
87,691 70
D u e from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Exchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
222,591 77
264,754 04
409,252 96
500,171 04
376,866 69
7,014 52
2,531 05
534 87
4,636 73
1,665 26
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
23,078 00
29,008 00
30,548 00
.28,868 00
25,139 00
101,785 00
101,812 50
107,462 50
115,012 50
122,215 00
44 10
201 05
186 20
159 80
199 05
64 88
29 88
142 80
125 73
116 07
T o ta ls................................................ $2,677,560 57 $2,750,720 56 $3,008,750 89 $3,272,407 32
$3,262,326 89
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
L iabilities.
Capital stock paid in ............................
$250,000 00
Surplus fu n d ............................................
50,000 00
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
26,109 67
D ividends u n p a id ................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of deposit. .
Certified c h e c k s ........................*...........
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it.....................
D ue to banks and b an kers................
Savings d ep o sits..................................... 2,113,179 03
Savings certificates of d e p o s it.........
238,271 87
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
$250,000 00
65,000 00
$250,000 00
70,000 00
$250,000 00
75,000 00
$250,000 00
75,000 00
6,114 54
9,132 59
7,836 57
7,359 48
2,164,253 94
265,352 08
2,271,138 94
408,479 36
2,493,490 80
446,079 95
2,452,731 64
477,235 77
T o ta ls................................................ $2,677,560 57 $2,750,720 56 $3,008,750 89 $3,272,407 32
$3,262,326 89
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE
BANKS
OF
M ICH IGAN .
121
No. 9.
T H E DIM E SAYINGS BANK, D ET R O IT.
Organized April 5, 1884.
W il l i a 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 r l e 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
L ivingstone, George H . Barbour, J. L. H udson, Jam es B . M cKay, B ethune
Duffield, Marshall H . Godfrey, A. C. Stellwagen, H oratio N. H ovey, H ugh W allace, R . H. Fyfe,
H enry Ford, Chas. A. Warren.
R esources.
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep artm en t................ $2,538,601 95 $2,187,233 23 $2,152,759 36 $2,439,367 55
Savings departm en t......................... 1,305,323 66 1,416,307 25 1,564,010 05 1,778,527 33
Bonds, m ortgages and securities:
Commercial d ep artm en t................
465,045 75
475,853 25
473,429 25
466,045 75
Savings d ep artm en t......................... 3,002,926 31 3,016,112 45 2,996,203 88 3,253,476 92
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it......................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ............
$4,053,364 64
1,667,884 17
598,554 25
3,132,284 62
3,920 66
3,633 08
3,898 16
891 96
3,898 16
330 48
10,725 66
2,022 49
11,310 66
833 01
299,991 29
5,000 00
310,991 29
5,000 00
310,991 29
5,000 00
310,991 29
5,000 00
310,991 29
5,000 00
94,597 24
96,819 64
98,884 38
76,284 75
58,904 75
49,242 63
57,217 67
22,408 50
102,578 00
45,894 72
72,545 54
93,512 43
65,214 13
44,885 91
84,336 42
173,188 95
748,045 27
249,547 26
631,825 86
452,347 61
711,196 15
1,128,049 75
313,288 98
681,408 94
770,727 15
134,161 90
131,742 32
93,263 52
194,212 72
153,219 06
160,037 00
159,678 00
132,543 00
115,434 00
198,805 00
111,595 00
237,420 00
89,546 00
305,627 00
69,386 00
177,970 00
190,350 50
180,086 00
191,201 00
224,584 00
15,251 45
13,132 75
45
12,941 50
14,436 75
15,364 40
1,967 48
1,629 08
78
2,064 48
1,264 27
4 63
1,443 73
2,632 81
88
1,795 12
2,294 79
QQ
769 98
2,241 06
T o ta ls................................................ $9,397,898 57 $9,096,070 91 $9,490,300 23 $10,679,419 63 $12,193,095 08
Liabilities.
Capital stock paid in ............................
$500,000 00
Surplus fu n d ............................................
300,000 00
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
81,515 36
D ividends un p a id ..................................
318 00
Commercial deposits subject to
c h e c k ...................................................... 2,843,310 82
Commercial certificates of d ep osit..
Certified c h e c k s ........................? ...........
16,367 42
Cashier’s checks o u tsta n d in g ............
15,816 70
State m onies on d e p o s it.....................
231,604 05
D ue to banks and ban kers................
Savings d ep o sits..................................... 5,089,333 46
304,610 77
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e tc . ..
15,021 99
N otes and bills red isco u n ted ............
Bills p a y a b le............................................
$500,000 00
350,000 00
$500,000 00
350,000 00
$500,000 00
350,000 00
$1,000,000 00
500,000 00
37,204 45
3,059 00
45,041 17
170 00
66,785 44
180 00
78,376 76
184 00
2,505,935 11
2,640,379 38
3,696,958 32
4,308 620 95
14,117 51
13,415 28
14,228 06
12,559 04
23,412 38
30,343 93
27,007 86
39,309 93
287,352
5,112,289
257,741
14,956
97
19
32
08
345,254
5,229,631
333,460
19,576
22
61
25
50
364,032
5,322,337
305,141
20,227
35
43
90
88
370,915
5,458,563
406,303
3,813
73
25
57
03
T o ta ls................................................ $9,397,898 57 $9,096,070 91 $9,490,300 23 $10,679,419 63 $12,193,095 08
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
122
S T A T E B A N K IN G D E P A R T M E N T .
No. 357.
F A IR V IE W SAVINGS BANK, D ET R O IT.
Organized December 20, 1906.
W m . E . M o s s , P r e s id e n t ; J o s. A. B e l a n g e r , P a u l H. D e m i n g , V ic e P r e s id e n t s ;
W. J. H a y e s , C a s h ie r ; G o r d o n F e a r n 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 .— W. E. Moss, H enry E. Bodm an, Frank A. K elly, W. J. H ayes, Paul H. Dem ing,
J. W. Thom pson, Joseph A. Belanger, Jam es J. Brady.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se .......................................
Furniture and fixtu res............... ..
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ...........
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cufrent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ...................... ..
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d e p o s it..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g . . . . . .
State m onies on d e p o s it.....................
D ue to banks and ban kers..............
Savings d ep o sits.....................................
Savings certificates of d e p o sit.........
R eserved for taxes, interest, e t c .. .
N otes and bills red 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
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$111,317 43
$106,950 25
$113,463 29
$117,399 01
$127,010 97
9,837 50
220,165 79
10,000 00
219,988 89
239,504 68
5,000 00
255,812 62
46,000 00
271,775 60
1,983 25
183 28
1,923 25
372 35
1,923 25
367 28
1,923 25
2,679 25
30 92
4,182 84
4,492 09
4,662 89
4,672 89
23 75
21,850 00
4,789 39
Other real e s t a t e . .................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
R eport of
Mar. 7, ’l l .
440 00
19,960 56
25,272 53
29,751 26
22,226 55
16,058 13
37,179 09
23,167 48
29,624 42
100,485 51
38,841 12
9,737 00
11,600 00
7,200 00
12,849 00
4.000 00
19,232 00
11,138 00
16,658 00
6,038 00
15,200 00
1,055 00
1,000 00
1,150 00
685 00
2.000 00
605 00
1,600 00
170 00
600 00
275 00
1,726 75
500 00
1,014 00
800 00
223 62
1,505 63
1,500 00
880 00
3,500 00
3,000 00
34 71
87 98
195 54
95 59
23 67
832 35
70 00
29 51
579 29
42 70
46 78
30 39
553 57
171 11
540 08
$420,090 16
$420,354 25
$441,843 66
$469,665 54
$643,364 27
$20,000 00
$20,000 00
1,000 00
$20,000 00
1,000 00
$20,000 00
1,000 00
$100,000 00
7,000 00
2,161 61
322 23
600 00
767 38
63 00
3,364 47
137,299 55
138,995 23
120,615 49
129,357 03
203,773 62
1,253 59
749 11
148 49
2,715 19
177 91
1,163 97
2,041 25
5,710 97
5,000 00
40 00
781 82
2,500 00
234,913 30
23,713 00
232,200 11
24,373 00
266,056 80
31,999 11
271,617 54
31,574 28
300,990 55
28,272 28
$420,090 16
$420,354 25
$441,843 66
$469,665 54
$643,364 27
1,250 00
6 00
STATE
BANKS
OF
M ICH IGAN .
123
No. 5.
T H E GERMAN AMERICAN BANK, D ET R O IT.
Organized February 3, 1883.
C h a r l e s E . K a n t e r , P r e s id e n t ; P h i l i p B r e i t m e y e r , E d w i n A . B u r c h , P a u l R . G r a y , V ic e P r e s id e n t s ;
G e o r g e H. K l r c h n b r , 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 B reitm eyer, Edw in A. Burch, Paul R . Gray, Geo. H . Kirchner
Max C. K och, Chas. D . Aaron, G ustav D arm staetter, Charles W. Kotcher.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$919,774 34
402,421 33
$844,677 46
389,205 38
767,234 37
771,559 07
813,229 54
866,003 13
994,909 19
1,295 02
868 99
254 53
690 51
3,023 77
11,700 00
11,500 00
11,300 00
11,000 00
10,700 00
15,450 36
16,191 32
8,310 90
9,635 05
79 99
7,428 27
117,894 97
195,000 00
206,532 87
250,000 00
110,820 13
250,000 00
193,530 92
285,000 00
268,717 80
210,000 00
36,323 18
21,667 42
6,095 16
28,944 95
71,280 71
48,780 01
78,525 00
38.000 00
20,838 00
48.000 00
35,373 00
23,000 00
41,339 00
62,000 00
44,532 00
37.000 00
11.417 50
50.000 00
9,710 00
50.000 00
1,235 00
59,327 50
10,175 00
50,000 00
11,945 00
50.000 00
12.418 75
620 00
9,375 05
406 00
4,637 05
730 00
17,432 70
320 00
18,692 65
425 00
2,295 55
27
1,584 70
2,368 07
74
3,446 24
2,722 39
04
7,066 45
2,771 62
46
8,385 28
3,986 77
10
2,754 19
T o ta ls................................................ $2,661,955 34 $2,656,346 61 $2,620,637 86 $3,151,678 43
$3,268,338 89
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fixtu res.........................
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
L iabilities.
Capital stock paid in ............................
$250,000 00
Surplus fu n d ............................................
50,000 00
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
18,216 96
D ividends un p aid ..................................
3,765 00
Commercial deposits subject to
check ......................................................
836,597 76
Commercial certificates of d ep o sit..
45 00
Certified c h e c k s......................................
3,617 40
Cashier’s checks o u tsta n d in g ............
15,923 12
State m onies on d e p o s it.....................
30,514 13
D ue to banks and b an kers................
Savings d ep o sits..................................... 1,422,453 53
Savings certificates of d e p o s it.........
30,822 44
R eserved for ta x es, interest, e t c . . .
N otes and bills red isco u n ted ............
Bills pa y a b le............................................
$882,010 59 $1,055,847 75
375,580 63
466,266 30
$1,057,469 50
497,894 65
$250,000 00
50,000 00
$250,000 00
50,000 00
$250,000 00
50,000 00
$250,000 00
50,000 00
24,606 93
222 00
27,614 57
3,750 00
33,653 68
3,750 00
38,195 66
3,757 50
740,630
1,388
12,834
6,574
13
13
81
89
60,918 53
1,478,794 65
30,376 54
688,694
5,447
14,237
3,843
29
25
84
47
26,237 78
1,496,186 12
54,626 54
949,566
2,400
8,506
40,285
07
00
33
46
1,077,267
559
12,863
13,696
71
43
21
44
83,927 00
1,583,634 33
145,955 56
31,770 00
1,637,919 68
152,309 26
T o ta ls................................................ $2,661,955 34 $2,656,346 61 $2,620,637 86 $3,151,678 43
$3,268,338 89
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
124
STA TE BANKING D EPA R TM EN T.
No. 90.
T H E HOME SAVINGS BANK, D ET R O IT.
Organized December 11, 1888.
J u l i u s H. H a a s s , P r e s id e n t ; F r e d G u e n t h e r , O r l a B. T a y l o r , V ic e P r e s id e n t s ; E d w i n J. E c k e r t ,
C a s h ie r ; 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 .
D i r e c t o r s .— Julius H. Haass, James C. McGregor, Fred Guenther, Ralph Phelps, Geo. H. Clippert
Orla B. Taylor, E m ory W. Clark, John M. D onaldson, George M. Black.
R esources.
R eport of
N ov. 10, ’10
R eport of
Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................ $2,146,649 26 $2,130,314 77 $1,918,764 72 $2,144,133 16
Savings departm en t......................... 1,858,586 85 1,879,994 23 1,832,210 55 1,893,490 92
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t......................... 3,564,572 20 3,644,063 69 3,742,073 96 3,914,006 89
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings............................
B anking h o u se ........................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
Due from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ............
$2,623,091 59
2,234,347 69
4,140,472 19
366 91
761 31
465 52
1,240 52
1,458 82
48,000 00
48,000 00
48,000 00
48,000 00
348,000 00
17,843 00
17,843 00
16,563 00
15,740 00
15,540 00
17,193 69
11,715 79
8,354 99
13,016 58
21,479 42
203,985 76
677,052 77
104,465 66
713,894 29
260,002 03
1,032,817 71
458,235 16
1,000,837 19
277,122 63
802,537 94
65,414 26
45,722 63
62,908 61
62,414 99
86,751 19
138,381 00
173,429 00
134,766 00
174,449 00
145,347 00
161,202 00
153,147 00
207,508 00
191,992 00
182,000 00
172,660 00
168,880 00
202,265 00
202,487 50
195,875 00
7,030 00
6,487 25
8,039 50
4,448 00
7,427 00
569 96
187 37
787 04
419 86
164 11
127 00
160 34
1,816 57
1,772 29
1,471 75
T o ta ls................................................ $9,087,684 55 $9,087,183 23 $9,444,979 00 $10,116,236 47 $11,129,731 33
L iabilities.
Capital stock paid in ............................
$400,000 00
Surplus fu n d ............................................
450,000 00
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
33,860 03
D ividends un p aid ..................................
Commercial deposits subject to
c h e c k ...................................................... 1,590,375 72
Commercial certificates of d ep osit..
12,496 06
Certified c h e c k s ......................................
29,963 70
Cashier’s checks o u tsta n d in g ...........
3,745 42
State m onies on d e p o s it.....................
D ue to banks and ban kers................
114,588 22
Savings d ep o sits..................................... 6,214,807 69
Savings certificates of d e p o s it.........
237,847 71
R eserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
Bills p a y a b le............................................
$400,000 00
450,000 00
$400,000 00
450,000 00
$400,000 00
450,000 00
$750,000 00
650,000 00
48,292 89
47,888 62
83,690 99
66,615 44
1,458,591
7,131
42,025
2,969
21
17
88
83
96,891 06
6,332,616 33
248,664 86
1,410,504
16,436
20,297
6,981
36
88
71
38
122,298 33
6,671,544 54
299,027 18
1,689,965
81,426
34,437
12,863
33
48
57
28
145,522 32
6,900,535 43
317,795 07
1,930,757
25,378
16,807
23,894
18
95
41
52
111,105 97
7,152,282 89
402,888 97
T o ta ls................................................ $9,087,684 55 $9,087,183 23 $9,444,979 00 $10,116,236 47 $11,129,731 33
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE
BANKS
OF
M ICH IGAN .
125
No. 479.
*TH E M ETROPOLITAN STATE BANK, D ET R O IT.
Organized November 1, 1909.
H. C. W i e d e m a n , P r e s id e n t ; H. J . G u t h a r d , J a s . F. L e a h y , G e o . P . G o o d , V ic e P r e s id e n t s ;
C. J. H i g g i n s , C a s h ie r ; E. W . G u e n t 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 .— H enry C. W iedeman, George P. Good, W illiam Egle, M. Leahy, H enry J. Guthard, Frank
Marx, Godfrey A. Scheich, Albert M aday, Charles J. H iggins, R udolph Hirt, Jr., John Johnson,
Joseph W alsh, A. A. W ood, Jam es F . Leahy, George Chapman, W. R . Anderson.
R esources.
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
MortgagesSavings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se .......................................
Furniture and fix tu r es........................
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$182,724 68
8,025 83
$293,411 06
7,150 00
53,351 50
6,517 51
500 00
5,000 00
9,976 63
12,500 00
5,400 00
1,500 00
700 00
1,035 00
85,064 35
18,915 71
133,226 20
23,000 00
1,595 50
2,694 80
4,470 00
5.000 00
17,442 00
4,000 00
107 50
1.000 00
1,140 00
1,663 80 '
1,959 75
62 39
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ...........
T o ta ls................................................
R eport of
Mar. 7, ’l l .
........................
77 03
32 81
199 37
$330,011 91
$559,431 51
$215,175 00
15,690 00
$250,000 00
60,275 00
53,501 47
162,983 18
1,357 91
1,633 96
2,821 63
476 42
2,562 03
17,781 61
22,309 93
2,324 41
50,079 24
30,471 63
$330,011 91
$559,431 51
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
paid
D ividends unpaid..
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of deposit
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on deposit,...................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills pa y a b le............................................
T o ta ls................................................
*Commenced business April 17, 1911.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
126
S T A T E B A N K IN G D E P A R T M E N T .
No. 81.
MICHIGAN SAVINGS BANK, D ET R O IT.
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 i s h , J a s . S . H o l 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 y , 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 .
D i r e c t o r s .— C. M. Burton, Geo. Peck, D exter M. Ferry, Jr., Chas. C. Jenks, H oyt P ost, Jas. D . Standish
Geo. W iley, J. S. H olden, Lem W. Bow en, J. B . Ford, W. J. Gray, Jas. Inglis, M. J. Murphy,
Thos. Neal, John T. Shaw, C. G. Edgar, Jas. H. Flinn, J. A. Mercier, A. A. Albrecht.
Resources.
Report of
Report of
Nov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................ .$1,161,198 45 $1,186,959 97 $1,131,051 81 $1,114,747 16
Savings departm en t.........................
533,907 32
553,624 17
592,058 97
548,949 58
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
225,500 00
257,400 00
285,400 00
302,215 00
Savings departm en t......................... 1,478,743 45 1,513,932 65 1,517,366 27 1,723,440 75
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se .......................................
Furniture and fix tu res........................
$1,428,554 66
431,586 27
318,575 00
1,920,741 50
521 90
1,089 02
2,053 50
195 94
1,470 00
405 86
300 00
302 07
39,833 57
6,243 00
48,198 94
5,943 00
48,319 89
6,532 00
48,319 89
6,449 50
47,000 00
5,999 50
232,309 21
250,000 00
144,977 74
220,000 00
191,906 53
280,000 00
309,326 53
280,000 00
239,430 93
325,000 00
75,826 69
97,701 80
22,000 00
55,572 51
76,171 39
99,227 41
73,665 00
74.000 00
8,537 00
90.000 00
66,930 00
89.000 00
23,311 00
87.000 00
135,955 00
88,000 00
19,566 90
50.000 00
8,732 50
50.000 00
10,792 50
50.000 00
12,317 50
50.000 00
6,427 50
50,000 00
5,578 40
7,795 45
9,491 75
10,131 75
12,521 05
611 38
713 54
6,030 20
1,141 22
106 89
12,109 79
826 23
273 44
7,073 53
832 46
205 72
6,567 87
1,278 18
414 98
13,236 58
T o ta ls................................................ $4,234,249 01 $4,230,250 14 $4,344,844 87 $4,601,861 96
$5,124,550 63
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
Liabilities.
Capital stock paid in ............................
$250,000 00
Surplus fu n d ............................................
125,000 00
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
88,496 36
D ividends un paid..................................
Commercial deposits subject to
c h e c k ...................................................... 1,315,168 78
Commercial certificates of d ep osit..
3,817 93
Certified c h e c k s......................................
5,899 74
Cashier’s checks o u tsta n d in g ............
14,770 52
State m onies on d e p o s it.....................
D ue to banks and ban kers................
43,731 37
Savings d ep o sits..................................... 2,194,179 50
Savings certificates of d e p o s it.........
193,184 81
Reserved for taxes, interest, e t c . ..
N otes and bills red iscoun ted............
Bills p a y a b le............................................
$250,000 00
125,000 00
$250,000 00
150,000 00
$250,000 00
150,000 00
$250,000 00
150,000 00
90,506 33
282 50
70,460 50
78,836 08
73,789 93
1,253,422
2,284
11,973
18,103
22
71
23
33
29,014 11
2,265,021 54
184,642 17
1,304,087
12,499
8,476
7,025
00
21
12
91
13,597 45
2,371,194 46
157,504 22
1,389,789
2,205
7,979
5,846
33
82
24
19
1,771,279
3,171
8,831
22,780
64
80
62
54
27,609 25
2,490,072 56
199,523 49
28,954 35
2,608,681 58
207,061 17
T o ta ls................................................ $4,234,249 01 $4,230,250 14 $4,344,844 87 $4,601,861 96
$5,124,550 63
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE
BANKS
OF
M ICH IGAN .
127
No. 15.
^PEN IN SU LA R STATE BANK, D ET R O IT.
Organized A ugust 27, 1887.
J. H. J o h n s o n , P r e s id e n t ; H a m i l t o n C a r h a r t t , F r a n k 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 , W. G. T o e p e 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 .— Frank P. Byrne, H am ilton Carhartt, Frank Howard, S. W. Clarkson, J. H . Johnson,
George H. Lesher, D . A. MacLachlan, John C. D onnelly, D avid S tott, H enry A. Haigh, E. O.
Krentler, James T. W hitehead, Frank W. Hubbard.
R esources.
Loans and discounts:
Commercial d ep a rtm en t............
Savings departm en t....................
Bonds, mortgages and securities:
Commercial d ep artm en t............
Savings departm en t....................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se ....................... ................
Furniture and fixtures.........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ...............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t..
D ue from banks in reserve cities:
Commercial d ep artm en t............
Savings departm en t....................
E xchanges for clearing house:
Commercial d ep a rtm en t............
Savings departm en t....................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial departm ent
Savings d e p a r tm e n t... .
Nickels and cents:
Commercial d ep a rtm en t. .
Savings departm en t...........
Checks and other cash item s
Totals
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$2,957,798 08 $2,881,338 40 $2,676,976 50 $2,792,461 53
536,930 96
646,127 72
620,733 85
595,978 37
296,925 00
2,814,201 36
$3,590,718 34
640,541 15
222,700
00 132,700
00 264,700
00 248,825 00
2,892,103 30 2,968,792 82 2,996,499 87
3,198,202 02
1,000 00
3,688 80
1,470 88
9,582 30
175,000 00
13,000 00
175,000 00
10,000 00
175,000 00
200,000 00
10,000 00
10,000 00
315,000 00
10,000 00
102,973 64
106,932 09
99,431 22
99,870 16
118,062 76
28,422 75
212,113 40
56,447 02
171,702 85
35,450 34
159,780 35
46,265 77
182,770 01
35,727 28
153,092 82
447,485 64
335,102 02
667,953 23
349,608 74
942,119 30
394,771 32
1,061,264 35
518,676 90
570,909 58
348,331 23
114,932 92
16,516 76
91,944 46
20,224 22
82,494 31
14,990 04
156,329 54
26,389 05
112,308 42
16,390 08
301,471 00
215,308 00
217,784 00
237,007 00
239,059 00
269,694 00
311,824 00
225,343 00
337,000 00
257,478 00
58,485 00
66,987 50
32,320 00
54,330 00
-48,850 00
56,927 50
22,177 50
60,577 50
72,807 50
64,615 00
19,348 00
6,387 20
16,071 00
5,945 55
24,419 00
5,281 20
18,063 00
5,249 25
21,624 00
7,074 45
2,088 12
2,390 95
21,185 35
2,452 76
2,553 55
25,765 39
1,746 25
1,907 97
11,892 10
1,807 91
2,032 29
13,468 47
1,555 84
1,902 16
26,754 50
2,414 77
994 26
$8,857,939 21 $8,778,585 40 $8,982,599 37 $9,614,163 24 $10,150,914 39
Liabilities.
$500,000 00
Capital stock paid in ............................
200,000 00
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
77,445 41
p a id .......................................................
200 00
D ividends un paid..................................
Commercial deposits subject to
c h e c k ..................................................... 2,677,780 10
75,050 59
Commercial certificates of d ep o sit..
30,919 42
Certified c h e c k s......................................
Cashier’s checks outstanding
State m onies on d e p o s it..............
1,179,220 65
D ue to banks and ban kers.........
3,816,649 94
Savings dep osits..............................
300,673 10
Savings certificates of d e p o s it..
Reserved for taxes, interest, etc
N otes and bills red isco u n ted . ..
B ills payable
T o ta ls ...
Report of
Mar. 7, ’l l .
$500,000 00
250,000 00
$500,000 00
250,000 00
$500,000 00
250,000 00
$800,000 00
300,000 00
63,567 27
1,358 00
49,924 33
60 00
26,222 26
22,569 81
2,429,583 58
98,937 11
22,925 33
2,351,619 81
76,526 64
18,535 70
2,887,608 57
90,630 57
63,315 46
3,234,362 83
87,284 52
30,213 99
1,293,662 32
3,810,902 27
307,649 52
1,394,602 90
3,977,916 06
363,413 93
1,355,312 87
4,116,673 00
324,388 51
1,127,045 16
4,211,289 33
338,148 75
12 00
$8,857,939 21 $8,778,585 40 $8,982,599 37 $9,614,163 24 $10,150,914 39
* Amended articles of incorporation May 22, 1911, changing title from Peninsular Savings B ank to
Peninsular S ta te Bank.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
128
STA TE BANKING D EPA R TM EN T.
No. 356.
T H E PE O PL E S STATE BANK, D ET R O IT.
Organized Jan u ary 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 , 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 ,
B . S . C o l b u r n , 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 i n g s D e
p a r tm e n t ; J. R . B o d d e , C h a r l e s H. A y e r s , E n o c h S m i t h , 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 i t o r ; 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 .
D i r e c t o r s .— R ussell A. Alger, George H . Barbour, W. T. Barbour, H . M. Campbell, C. A. DuCharme,
Jeremiah Dwyer, F. J. Hecker, Geo. E. Lawson, H. B. Ledyard, P. H. McMillan, R . S. Mason, Fred
T. Moran, M. J. Murphy, M. W. O’Brien, J. C. H utchins, Fred W. H odges, W. H ow ie Muir, Geo. H.
Russel, H enry Russel, H ugo Scherer, F. A. Schulte, B. S. Colburn, Angus Sm ith.
Resources.
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept, l, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................ $10,906,461 92 $10,530,734 76 $10,009,716 69 $11,293,437 53 $12,286,359 86
Savings d ep artm en t......................... 3,843,952 68 3,601,312 58 3,688,916 67 3,806,411 43
3,714,525 25
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................ 1,245,417 46 1,185,417 46 1,182,898 46 1,185,898 46
1,260,673 46
Savings departm en t......................... 9,820,394 80 9,974,232 25 10,239,032 03 10,698,561 82 11,182,375 99
Premium a cco u n t..................................
O verdrafts.................. ..............................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fixtures.........................
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c it ie s ...............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................ •
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ............
4,156 61
4,331 05
7,013 52
4,253 10
1,966 52
749,675 96
39,703 13
749,857 59
40,503 13
756,819 08
40,503 13
758,985 62
47,263 31
750,000 00
47,263 31
293,005 72
296,686 80
259,060 81
251,109 99
229,114 69
29,276 83
769,841 66
54,842 12
760,126 03
42,398 92
680,874 77
27,987 04
615,321 47
39,529 74
552,683 01
2,661,835 39
1,530,345 56
3,239,417 32
1,511,262 77
3,396,600 53
1,649,260 59
3,046,000 91
1,690,428 56
1,806,774 79
1,625,687 34
455,465 90
762,678 07
279,126 33
444,462 18
558,186 85
169,325 00
630,000 00
434,599 00
400,000 00
155,127 00
500,000 00
1,109,061 00
785,465 00
20,285 32
289,034 87
94,910 78
642,729 76
488,685 50
544,528 99
13,389 30
1,101,368 00
163,960 22
1,016,393 21
172,719 01
179,510 48
95,841 41
82,849 83
79,532 34
8,188 20
10,332 69
8,715 04
5,203 56
7,264 68
2,711 19
11,448 36
12,982 08
15,263 54
8,533 51
T o ta ls................................................ $33,641,797 21 $34,484,933 00 $34,038,101 55 $36,197,256 65 $36,116,289 77
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for ta x es, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
$1,500,000 00 $1,500,000 00 $1,500,000 00 $1,500,000 00
1,500,000 00 1,500,000 00 1,500,000 00 1,500,000 00
394,262 86
17 50
9,565,934
2,439
51,373
127,160
218,667
4,158,043
15,141,395
972,332
10,169
401,545 46
3,039 00
419,848 39
426,233 62
18 00
85 10,408,176 71 8,738,654 77 10,127,315 75
809 06
87
809 06
809 06
31
55,922 27
47,864 27
41,665 94
41
92,729 96
136,323 39
154,257 70
58
30,547 29
212,929 28
190,080 12
36 4,358,367 81 4,825,241 72 4,946,282 88
21 15,114,185 76 15,568,467 12 16,093,116 46
70 1,015,351 60 1,053,271 16 1,203,653 35
56
4,258 08
31,758 08
16,758 08
$1,500,000 00
1,500,000 00
428,028 89
18 00
10,295,055
809
31,013
150,847
116,949
4,553 426
16,144,007
1,394,974
1,159
78
06
51
00
73
24
64
15
77
T o ta ls................................................ $33,641,797 21 $34,484,933 00 $34,038,101 55 $36,197,256 65 $36,116,289 77
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STATE BANKS OP MICHIGAN.
129
SECU R ITY TRU ST COMPANY, D ET R O IT.
Organized May 1, 1906.
C h a r l e s C. J e n k s , 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 id e n t s ;
C h a r l e s M o o r e , S e c r e t a r y ; A l b e r t E. G r e e n , A s s i s t a n t S e c r e t a r y ; F. A. T i l t o n , A u d i t o r .
D i r e c t o r s .— M. J. Murphy, Em ory W. Clark, Lem W. B ow en. George E. Lawson, John T. Shaw
John N. B agley, Jam es D . Standish, J. H. Johnson, William J. Gray, D exter M. Ferrv, Jr., R ussell
A. Alger, J. B. Ford, William L ivingstone, James S. H olden, Charles C. Jenks, H enry M. B utzel,
Charles Moore, Charles O. Patch.
R esources.
Collateral loans.
Time.
D em a n d .........
Loans on real esta te mortgages:
In office.....................................
W ith S tate T reasurer.................
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
,187,829 02
1,087,246 08
,113,739 47
1,101,839 59
293,256 48
232,356 48
187,455 98
192,870 98
188,370 98
274,013 47
296,004 27
291,423 87
221,290 14
241,644 47
69,000 00
71,800 00
96,800 00
174,100 00
180,600 00
1,044,017 82
Other lo a n s...............................................
Bonds:
In office...................................
888,574 99
1,204,626 43
963', 245 61
1,018,024 51
1,325,043 40
W ith State T reasurer.................
133,811 62
107,367 12
107,367 12
26,000 00
26,000 00
S to c k s........................................................
104 00
104 00
104 00
104 00
104 00
8,151 75
5,147 18
5,320 26
32,042 33
38,828 70
23,222 75
21,722 75
21,722 75
20,222 75
19,112 25
D ue from approved reserve a g e n ts .
349,965 39
222,456 63
450,369 98
•539,686 93
294,637 78
D ue from other banks and bankers.
53,570 55
69,169 44
10,199 20
6,139 90
1,507 67
Cash item s and checks for clearing
h o u se............ ..........................................
837 75
R eal esta te o w n e d ................................
Other in v e stm e n ts................................
A dvances to tr u sts................................
Prem ium s p a id .......................................
Safety deposit v a u lts...........................
Furniture and fix tu r es........................
4,596 40
4,751 96
686 12
1,093 80
N ickels and c e n ts.........................
14 98
4 16
8 65
6 09
4 73
Silver c o in ........................................
82 05
59 60
12 65
46 30
10 80
Gold c o in .........................................
5,180 00
5,235 00
5,240 00
5,210 00
5,145 00
U . S. and N ational bank n o t e s .
4,100 00
9,910 00
5,264 00
7,417 00
3,977 00
.13,295,473 45 $3,337,961 10 $3,258,959 66 $3,346,094 32
$3,369,872 35
T o ta ls .
Liabilities.
Capital stock paid i n . . .
Surplus fu n d ............................................
Lffidivided profits. (L ess expenses,
interest and ta x es p a id )................
$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
224,203 98
224,833 25
233,295 21
243,805 49
244,811 63
2,048,363 07
2,091,311 63
2,000,300 24
2,064,796 47
2,103,298 40
22,906 40
21,816 22
25,364 21
37,492 36
21,762 32
,295,473 45 $3,337,961 10 $3,258,959 66 $3,346,094 32
$3,369,872 35
$500,000 00
D ividends un p aid .............
Trust d ep o sits...........................
D eb en tu res.................................
Accrued interest and ta x e s.
O ther lia b ilities.........................
T o ta ls .
17
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BAN KING D EPA R TM EN T.
130
UNION TRU ST COMPANY, D ET R O IT.
Organized Novem ber 2 4 , 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 i d e n t ; B. S. C o l b u r n , T h ir 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 ; C h a r l e s R . D u n n , T r e a s u r e r ; 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 t a r y ; H o b a r t B .
H o y t , T r u s t O fficer; W . T. B r a d f o r d , B o n d O fficer.
D i r e c t o r s .— H enry B. Ledyard, Chairman; A. E. F. W hite, Charles Stinchfield, Charles A. DuC harm e,
H enry Russel, E lliott T. Slocum , F. J. Hecker, Harry A. Conant, H erbert E. B oynton . Philip
H . McMillan, Charles L. Palm s, George Hendrie, Albert L. Stephens, Paul F. B agiev, Burnham
S. Colburn, George B. R em ick, Frank W. Blair, George M. Black, Allen F. Edwards, George
H. R ussel, Gerald J. McMechan, J. C. H utchins.
R esources.
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
$850,543 37
$745,632 01
90.000 00
65,000 00
Collateral loans. In office................ $1,021,033 06
Tim e. W ith Collateral D eposit
Co Ltd ........................................
145,000 00
Report of
Report of
June 7, ’l l . Sept. 1, ’l l
$822,348 33
$855,928 62
D em a n d ................................................
Loans on real esta te m ortgages:
In office............................................
W ith Collateral D eposit Co.,
L td .................................................
173,208 92
170,508 92
184,558 90
146,712 43
151,702 43
349,045 83
289,022 17
313,329 23
300,171 63
316,854 78
183,527 00
186,622 89
188,092 23
185,339 81
188,064 82
W ith State T reasurer.................
210,936 91
207,184 41
208,862 95
215,333 06
203,614 56
Securities sold and guaranteed. . . .
80.000 00
Other lo a n s...............................................
Bonds:
In office...................................
795,325 74
726,830 72
730,631 09
754,661 21
1,019,338 71
315,772 36
314,461 09
314,365 42
267,300 00
198,796 76
W ith State T reasurer.................
S to c k s........................................................
316,600 00
R eal esta te o w n e d ................................
7,040 74
Other in v e stm e n ts................................
165,023 50
189,761 98
198,422 85
189,654 12
A ccounts receivable............... ..............
20,436 71
4,452 03
4,018 94
1,512 19
3,306 23
A dvances to tr u s ts ................................
135,460 97
112,723 98
89,638 55
104,021 94
123,673 30
Premiums p aid .......................................
Safety deposit v a u lts.................... ..
Furniture and fix tu r es........................
9,430 34
9,500 00
9,529 13
10,817 33
10,797 05
D ue from approved reserve a g e n ts .
267,211 70
840,665 73
582,917 60
723,032 47
501,195 35
5,648 33
4,564 28
13,653 52
Due from other banks and bankers.
Cash ite m s.................................. ..
2,000 00
7,250 50
1,081 95
2,071 90
N ickels and c e n ts ..................................
5 22
1 27
4 01
4 43
3 34
Silver co in .................................................
83 50
68 75
62 55
129 75
50 70
Gold co in ...................................................
U . S. and N ational bank n o t e s . . . .
710 00
4,371 00
185 00
6,306 00
402 50
10,101 00
660 00
11,681 00
265 00
6,572 00
T o ta ls ................................................ $3,805,533 09 $4,089,471 98 $3,651,312 96 $3,785,009 40
$3,863,117 17
L iabilities.
Capital stock paid in ............................
$500,000 00
Surplus fu n d ............................................
300,000 00
U ndivided profits. (Less expenses,
92,692 39
interest and ta x es p a id )................
D ividends un p a id ..................................
Trust d ep o sits......................................... 2,603,740 70
D ebentures ............................................
144,500 00
First m ortgage trust gold bonds. . .
164,600 00
Con t i n gen t, 1iabi 1i ti e s ............................
Other lia b ilities......................................
$500,000 00
300,000 00
$500,000 00
300,000 00
$500,000 00
300,000 00
$500,000 00
300,000 00
105,518 75
104,846 75
103,119 61
2,571,394 21
11,000 00
163,400 00
2,716,762 65
2,796,597 56
163,400 00
163,400 00
T o ta ls ............................................... $3,805,533 09 $4,089,471 98 $3,651,312 96 $3,785,009 40
$3,863,117 17
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
112,140 46
2,845,731
87.000
164,600
80.000
52
00
00
00
STATE BANKS OF MICHIGAN.
131
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 r l e 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 r a n k H. C r o u l , V ic e P r e s id e n t s ; J o s e p h T . C o l l i n s ,
T r e a s u r e r ; T h e o . F . A. O sius, A s s i s t a n t T r e a s u r e r .
D i r e c t o r s .— D . M. Ferry, Jr., W m. S. Green, E. H . Flinn, H . Kirke W hite, W m. Y. Moore, J. B. B ook,
A. L. Stephens, Frank H. Croul, F. W. E ddy, S. Y . Seyburn, Chas. F. Collins.
R esources.
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
riornuiftrr.ial departm ent,................
Savings d ep artm en t......................... $3,678,124 63 $3,658,637 79 $3,643,387 35 $3,420,045 64
Bonds, m ortgages and securities:
fY»rnmeroia,l d ep a rtm en t................
Savings departm en t......................... 8,934,690 26 8,902,094 69 8,986,356 73 9,317,917 02
Premium account (U . S. b on d s)... •
O'verd ra fts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
nnt reserve c itie s ..............................
Ttems in transit,.....................................
U nited States bonds:
Savings departm ent,.........................
Due from banks in reserve cities:
Oommercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Oommeroial d ep a rtm en t................
Sa.vfngs depart m e n t.........................
Gold coin:
Onmmercial d ep a rtm en t................
ftavi n gs d epartm e n t.........................
Silver coin:
Onmmercial d ep a rtm en t................
Savi n gs d epart m ent,.........................
N ickels and cents:
Onmmercial departm ent ..............
Savings d ep artm en t.........................
Checks and other cash it e m s ...........
$3,408,825 28
9,403,954 03
30,000 00
30,000 00
30,000 00
30,000 00
30,000 00
125,000 00
125,000 00
125,000 00
125,000 00
125,000 00
5,512 00
9,614 46
9,669 66
2,541 10
1,882 57
225,000 00
225,000 00
225,000 00
225,000 00
225,000 00
1,691,296 28
1,977,912 03
2,036,088 60
2,128,247 97
1,906,604 58
12,792 49
20,302 89
24,792 47
22,026 76
53,282 43
273,751 00
280,425 00
301,137 00
325,766 00
302,950 20
355,840 00
357,372 50
357,270 00
355,900 00
355,120 00
7,437 25
12,476 00
10,155 50
7,498 05
5,816 95
3,023 38
15 00
2,884 60
5 00
2,598 98
5 00
2,406 64
30 00
2,213 73
35 00
175 00
75 00
T o ta ls................................................ $15,342,482 29 $15,601,724 96 $15,751,636 29 $15,962,379 18 $15,820,759 77
L iabilities.
Capital stock paid in ............................ $1,000.000 00 $1,000,000 00 $1,000,000 00 $1,000,000 00
Surplus fu n d ............................................ 1,000,000 00 1,000,000 00 1,000,000 00 1,000,000 00
U ndivided profits, less losses, cur
rent expenses, interest and taxes
305,753 66
282,726 47
247,531 94
224,320 85
paid
...................................................
D ividends unpaid
Commercial deposits subject to
$1,000,000 00
1,000,000 00
341,182 61
Oommercial certificates of deposit
Sa, vi n gs d eposi t s ..................................... 12,386,767 43 12,546,006 56 12,485,983 47 12,645,153 64
978,586 82
962,032 53
794,340 37
718,311 58
Savings certificates of d e p o s it.........
32,885 06
20,893 82
13,846 09
13,082 43
R eserved for taxes, interest, e t c . . .
12,716,117 49
758,562 79
4,896 88
T o ta ls................................................ $15,342,482 29 $15.601,724 96 $15,751,636 29 $15,962,379 18 $15,820,759 77
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STA TE BAN KING D EPA R TM EN T.
132
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 . 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 i s 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 .— Thom as B irkett, G. S. Francisco, O. W. Cushing, H. W. Newkirk, E. Jedele,
H enry Dieterle, Fred W alker.
Resources.
R eport of
Mar. 7, ’l l .
$64,809 91
$61,138 82
$53,993 62
$54,001 66
$51,157 34
9,950 00
143,804 75
9,900 00
143,331 07
7,800 00
143,571 07
10,000 00
162,315 01
9,850 00
162,594 01
727 05
193 08
189 09
265 98
331 48
3,200 00
1,500 00
3,200 00
1,500 00
3,200 00
1,500 00
3,200 00
1,500 00
3,200 00
1,500 00
1,025 75
860 00
Loans a nd discounts:
Commercial d ep a rtm en t..............
Savings departm en t......................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t............
Savings d ep artm en t....................
Premium a cco u n t.............................
O verdrafts............................................
E xpenses, interest and ta x es paid,
exceeding earnings.......................
B anking h o u se ...................................
Furniture and fixtu res....................
Other real e s t a t e ...................................
D ue from other banks and bankers
not reserve c it ie s ...............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t..............
Savings d ep artm en t......................
E xchanges for clearing house:
Commercial d ep artm en t..............
Savings d ep artm en t......................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t. . .
Savings departm en t.............
N ickels and cents:
Commercial d ep a rtm en t.. .
Savings departm en t.............
Checks and other cash item s .
T otals..
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id .......................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep osit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
S tate m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . ..
N otes and bills red 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
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
26 30
4,124 62
5,496 70
9,645 16
4,738 81
25,124 01
27,645 38
11,883 88
21,042 59
6,903 42
20,930 51
1,522 00
5,425 00
4,864 00
3,100 00
1,055 00
3,339 00
3,410 00
5,107 00
2,330 00
4,378 00
1,565 00
4,600 00
5,000 00
1,200 00
1,355 00
5,060 00
2,645 00
4,050 00
2,160 00
4,680 00
381 85
444 65
263 30
150 00
84 50
536 70
221 50
436 05
319 50
549 55
31 15
72 10
38 95
57 68
50 00
585 08
36 39
64 50
5 92
38 58
22 26
24 88
32 83
50 82
60
$247,720 03
$248,917 00
$274,560 18
$281,190 14
$271,828 06
$ 20,000 00
$20,000 00
2,800 00
$ 20,000 00
$20,000 00
$20,000 00
2,800 00
2,800 00
4,000 00
4,018 93
2,601 15
205 00
3,935 50
15 00
6,346 56
3,513 01
42,047 56
4,312 85
48,468 36
3,276 30
61,637 15
6,049 96
54,258 41
4,812 30
46,864 12
4,283 46
138,361 56
36,479 13
137,374 87
34,191 32
144,079 78
36,042 79
157,646 51
35,326 36
155,064 14
38,103 33
$247,720 03
$248,917 00
$274,560 18
1,190 14
$271,828 06
2,500 00
STATE BANKS OF MICHIGAN.
133
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 , P r e s id e n t a n d C a s h ie r ; R o b e r t H . W i l e y , H . B . T u t h i l l , V ic e P r e s id e n t s ;
J o h n F e n i 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 .— E. Burt Jenney, R . H. W iley, H. B. T uthill, Aaron Zelner, C. S. Jenney.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and taxes paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fix tu r es........................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$99,777 98
15,296 57
$95,229 74
22,093 87
$94,415 99
21,391 52
$95,532 90
27,591 66
$70,009 20
19,001 22
12,500 00
33,260 00
12,400 00
32,510 00
48,260 00
52,550 00
13,214 48
40,950 00
1,306 00
284 16
. 4,674 24
4,674 24
4,674 24
4,751 74
4,751 74
3,196 76
5,087 85
6,075 13
7,106 61
17,073 67
9,337 87
9,741 20
12,995 16
27,162 84
13,024 15
1,658 00
7.000 00
4,050 00
3.805 00
4.000 00
8,300 00
3.000 00
2,577 00
3.000 00
1,991 00
1.000 00
1,055 00
1,080 00
305 00
2.000 00
910 00
1.000 00
2,165 00
1.000 00
1,135 00
500 00
2,529 87
1,065 05
1,715 00
700 00
1,213 90
1,455 00
2,400 96
1,025 15
1,100 20
11 61
1 39
1,390 41
74 44
106 56
2,340 25
56 22
151 78
1,256 46
14 63
225 37
123 69
87 11
57 89
418 15
$190,245 68
$194,915 05
$213,741 65
$216,124 31
$197,928 13
$25,000 00
$25,000 00
$25,000 00
$25,000 00
$25,000 00
70 13
1,868 40
470 48
32,747 33
65,102 66
30,159 00
58,435 57
24,971 79
69,558 25
250 00
Other real e s t a t e ...................................
Due from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital sto ck paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
DiVidends u n p a id ..................................
Commercial deposits subject to
check .....................................................
Commercial certificates of d ep osit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
Due to banks and ban k ers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e t c . . .
N otes and bills red 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
642 13
28,518 58
70,463 88
28,143 08
71,724 68
65 00
32 50
38,022 70
27,598 39
47,956 06
22,026 23
51,324 67
39,496 86
57,629 04
42,999 80
50,625 00
27,052 61
$190,245 68
$194,915 05
$213,741 65
$216,124 31
$197,928 13
STA TE BAN KING D EPA R TM EN T.
134
No. 351.
T H E D RY 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 , V ic e P r e s id e n t ; F l o y d S l a t e , C a s h ie r .
D i r e c t o r s .— Lee Berridge, B. S. Folsom , F. W. Kendrick, A. J. Schanck, P. H. Foot, H . L. Parker,
f f m . H . Berridge.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fix tu res........................
Other real e s t a t e ...................................
Due from other banks and bankers,
not reserve c itie s ...............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
Due from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$25,914 25
35,754 34
$34,969 05
29,777 95
$45,459 54
27,477 52
$47,565 51
25,366 38
$48,704 54
32,661 98
61,553 78
69,565 16
77,648 16
79,208 78
76,773 78
812 69
1,345 20
604 33
625 37
946 36
2,004 50
2,042 00
2,042 00
2,042 00
2,042 00,
1,969 38
2,186 41
2,840 64
2,100 00
3,441 05
507 61
1,992 67
626 28
3,978 07
11,645 89
5,335 77
13,154 51
4,268 19
12,169 58
2,499 21
12,185 37
2,314 80
12,198 09
800 00
2,969 00
1,425 00
2,150 00
1,103 00
4,700 00
800 00
3,052 00
883 00
2,900 00
3,682 50
3,662 50
3,827 50
4,0S7 50
4,067 50
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ............
30 00
93 72
320 00
266 51
289 46
41 00
92 69
169 56
87 66
100 00
1 46
54
1,685 18
14 74
2 26
91 23
21 59
41
472 63
18 00
45 95
10 23
3 77
86 30
T o ta ls................................................
$155,081 71
$168,862 52
$183,565 96
$180,258 60
$184,406 29
$20,000 00
2,500 00
$20,000 00
3,000 00
$20,000 00
3,000 00
$20,000 00
3,000 00
$20,000 00
3,500 00
802 90
239 62
375 00
926 13
972 82
1,005 77
11,727 43
4,351 61
20,192 28
5,222 81
21,001 07
7,774 59
18,200 55
3,370 26
20,573 54
3,597 47
64,254 24
51,445 53
1,253 92
67,325 11
51,253 78
73,479 81
52,384 36
5,000
2,588
73,383
51,742
72,349 73
56,879 78
$155,081 71
$168,862 52
$183,565 96
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ........................................................
D ividends un p aid ..................................
Commercial 'deposits subject to
c h e c k ......................................................
Commercial certificates of dep o sit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and bankers................
Savings d ep o sits.....................................
Savings certificates of d e p o sit. . . .«
Reserved for taxes, interest, e tc . . .
N otes and bills red iscoun ted............
B ills p a v a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5,000 00
00
27
77
93
2,500 00
2,000 00
4,000 00
$180,258 60
$184,406 29
STATE BANKS OF M ICHIGAN.
135
No. 422.
T H E FA RM ER S’ STATE BANK OF D RY D EN , D RY D EN .
Organized Jan u a ry 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 ir e c t o r s .— Martin J. H eenan, W. F. Laughlin, Earl I. H eenan, H orace Lamb, Ira E . Parker,
Robert B ooth, Geo. R . Lamb.
Resources.
Loans and discounts:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fixtures.........................
Report of
R eport of
Nov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$23,370 59
14,150 00
$25,744 38
13,150 00
$23,437 97
13,150 00
$27,641 56
13,150 00
$35,011 19
13,150 00
13,262 79
21,427 00
12,962 79
23,950 CO
12.S77 79
25,316 67
11,027 79
20,526 67
7,647 79
19,776 67
157 18
46 95
29 55
103 14
215 98
1,625 00
1,625 00
1,625 00
1,625 00
1,625 00
7,308 65
6,406 35
12,704 18
4,200 00
1,151 55
8,200 00
6,986 90
5,000 00
2.921 15
4,200 00
1,767 95
722 65
2,206 35
283 38
2,065 06
423 00
1,409 00
2,115 00
290 00
315 00
345 00
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
•
U . S. and N ational bank currency:
Commercial d ep artm en t.............. .
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d e p o s it..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
S tate m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
475 00
279 75
?42 60
60 00
630 00
94 06
396 90
25 21
70 64
16 23
64 00
25 85
133 62
103 61
172 29
■ 2 60
2 60
$90,249 52
$98,089 74
$88,778 26
$88,490 57
$87,717 49
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
$20,000 00
5,000 00
551 76
2,445 36
1,284 23
1,523 99
1,471 38
9,808 73
6,723 58
10,769 03
5,598 03
8,020 27
4,737 83
10,380 03
351 12
12,254 46
263 56
20,382 04
25,283 41
18,919 61
35,357 71
17,704 34
32,031 59
18,140 42
28,095 01
13,375 55
30,352 54
5,000 00
5,000 00
$98,089 74
$88,778 26
$88,490 57
$87,717 49
2,500 00
$90,249 52
STA TE BAN KING D EPA R TM EN T.
136
No. 477.
^D U N D EE STATE SAVINGS BANK, D U N D EE.
Organized F ebruary 21, 1911.
J o h n J . D i x o n , P r e s id e n t ; C h a r l e s E . S t a n g e r , V ic e P r e s id e n t ; S e t h C. D i x o n , C a s h ie r .
D ir e c t o r s .— Albert E. Unger, Charles E. Stanger, John Crebbin, R am us B. D avis, John J. D ixon ,
Seth C. D ixon.
R eport of
R eport of
N ov. 10, '10. Jan. 7, '11.
Resources.
R eport of
R eport of
June 7, '11. Sept. 1, '11.
Report of
Mar. 7, '11.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earn ings...........................
Banking h o u se ........................................
Furniture and fixtu res........................
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c itie s ...............................
Item s in tr a n s it......................................
U n ited States bonds:
Savings departm en t.........................
$4,850 80
$18,849 46
34,205 37
11,952 76
33,432 61
306 03
156 26
40 38
814 09
3,079 38
3,079 38
13,368 39
1,819 28
9,276 49
10,016 51
2,721 00
600 00
1,706 00
900 00
140 00
1,000 00
130 00
1,000 00
117 50
19 55
90 75
13 80
117 25
•
'Due from banks in reserve cities:
Commercial d ep a rtm en t................
Savi n gs d epart, m en t .........................
E xchanges for clearing house:
Commercial departm ent,................
Savings d ep artm en t.........................
•
U . S. and N ational bank currency:
Coinmercia,l d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Sa,vi n gs d epartrnent.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash ite m s ............
800 00
2 45
140 09
2,598 86
T o ta ls................................................
$63,184 93
$91,159 51
$20,000 00
4,000 00
$20,000 00
4,000 00
16,259 37
29,081 60
9,076 01
13,849 55
12,306 09
28,771 82
$63,184 93
$94,159 51
L iabilities.
Capital stock paid i n ..........................
Surplus fund
..............................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
Commercial
check
deposits
subject
to
.....................................................
Commercial certificates of deposit
Cashier’s checks outstanding
State m onies on deposit
D ue to banks and bankers
Savings deposits
Savings certificates of deposit
Tofa.ls
..............................
^Commenced business April 4, 1911.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
137
STATE BANKS OP MICHIGAN.
No. 142.
MONROE COUNTY BANK, D U N D EE.
Organized Septem ber 26, 1892.
G e o . J . S h a e f 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 .— Geo. J. Shaefer, B. J. Corbin, W m. Clute, Moses J. How e, W m. C. Palmer, Geo. W. Hurd,
T. W. Barnes.
Resources.
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
R eport of
Report of
Nov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
$52,110 93
$53,854 98
$57,168 94
$51,365 06
9,415 83
$52,599 20
12,018 93
44,499 96
71,553 88
22,653 11
90,664 53
14,519 11
95,732 73
107,357 22
107,433 42
288 48
199 81
Loans and discounts:
Pom m p.rr.fal rlopartm e n t ................
Savings d e p a r tm e n t.......................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
432 72
249 06
288 48
423 33
288 48
515 33
288 48
611 47
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing bouse:
12,944 51
9,673 84
26,794 88
9,713 94
15,477 49
9,755 10
17,893 44
9,814 21
13,140 68
9,875 95
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
2,850 00
5,718 00
3,770 00
4,180 00
4,142 00
Gold coin:
Commercial d ep a rtm en t................
Savings depa rtm en t.........................
3,290 00
4,500 00
3,420 00
4,500 00
3,715 00
5,000 00
2,927 50
6,000 00
2,640 00
6,000 00
Silver coin:
Commercial d ep a rtm en t................
149 55
640 15
233 45
271 90
98 70
10 03
64 11
65 66
Premium a c co u n t..................................
O verdrafts............................................•
E xpenses, interest and ta x es paid,
T^auk'inp’ house
......................
D ue from other banks and bankers,
U nited States bonds:
N ickels and cents:
Commercial d ep a rtm en t................
<jnHntVter pasih items
T o ta ls................................................
L iabilities.
r a p p e l £fnok paid in .........................
Surplus fund
...................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
paid
...............................................
D ividends u n p a id ..............................* •
Commercial deposits subject to
check
............................
Commercial certificates of d ep osit..
38 59
66 72
95 14
194 60
$204,888 18
$221,432 72
$15,000 00
3,000 00
174 00
18 46
$208,685 66
$212,863 22
$211,021 29
$15,000 00
3,000 00
$15,000 00
3,000 00
$15,000 00
3,000 00
$15,000 00
3,000 00
7,849 34
3,880 00
8,381 19
3,840 00
8,847 35
3,960 00
10,535 98
3,320 00
10,153 73
3,860 00
35,826 01
45,793 28
53,189 48
32,926 66
49,924 99
17,081 93
46,720 53
1,843 76
42,846 03
742 87
90 36
S ta le m onies on d e p o s it.....................
105,095 39
110,721 80
•
149 59
Tot a l s ............................................
$221,432 72
$208,685 66
Savings certificates of d e p o s it.........
R eset ved £01 taxes, interest, etc . .
Cred t ’tern .....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
93,539 55
$204,888 18
883 09
131,559 86
3,151 79
132,176 51
$212,863 22
$211,021 29
138
STA TE BAN KING D EPA R TM EN T.
No. 428.
F IR S T COMMERCIAL AND SAVINGS BANK OF DURAND, D URA N D .
Organized April 8, 1909.
C. S. R
eed,
P r e s id e n t ; E . J . C a r n e y , G e o r g e B r o o k s , V ic e P r e s id e n t s ; H a r r y H . S i m p s o n , C a s h i e r ;
V. W. T o u r j 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 .— E. J. Carney, George Brooks, C. S. R eed, H. H. Sim pson, F. J. N orthw ay, A. N. Brock,
C. E. Van Slyke.
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fix tu r es........................
Other real e s t a te ....................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it......................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d e p a r t m e n t ..............
Report of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$71,679 09
42,304 16
$77,695 04
35,121 83
$79,438 13
39,852 93
$85,908 04
45,879 57
$104,391 88
37,123 12
500 00
32,288 20
500 00
34,254 20
500 00
33,045 00
2,500 00
40,412 50
2,500 00
47,014 07
1,777 57
1,160 22
1,282 22
1,673 58
865 81
6,000 00
300 00
6,000 00
300 00
6,000 00
300 00
6,000 00
1,002 67
6,000 OO
1,002 67
1,690 00
4,837 26
3,750 94
3,200 68
683 34
14 40
10,600 33
6,439 96
4,860 66
7,357 39
9,046 01
9,509 38
1,381 39
10,452 25
3,171 30
6,801 45
981 41
607 22
992 14
1,873 51
2,000 00
2,398 26
1,585 00
3,750 00
3,090 00
3,735 00
4,502 00
3,100 00
3,304 00
3,600 00
2,731 00
6,700 00
275 00
665 00
20 00
1,400 00
2,305 00
2,245 00
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ............
229 35
305 50
77 00
527 25
4 00
322 50
137 00
377 50
50 00
60 21
32 72
381 42
60 92
28
463 39
99 00
35
201 71
25 34
10 33
887 18
. 63 71
1 45
157 35
T o ta ls................................................
$185,711 68
$180,004 59
$193,020 80
$210,358 20
$223,608 97
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
7,500 00
1,126 77
506 75
1,200 00
774 35
400 00
2,165 15
226 48
67,804 87
62,587 14
60,434 79
59,396 40
67,611 93
5,000 00
1,500 00
5,000 00
4,585 47
3,750 00
26,363 88
54,846 82
30,630 66
56,281 00
38,251 14
69,045 51
34,462 85
65,472 24
4,500 00
9,500 00
5,000 00
5,000 00
10,000 00
$180,004 59
$193,020 80
$210,358 20
$223,608 97
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, current expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of deposit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red iscou n ted ............
Bills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
J
28,164 49
58,615 55
8185,711 68
STATE BANKS OF MICHIGAN.
139
No. 124.
T H E SHIAW ASSEE COUNTY BANK, DURAND.
Organized O ctober 5, 1891.
R . C. F a i r , P r e s id e n t ; A . S . T h o m a s , C. G . B a t e s , V ic e P r e s i d e n t F . N . C o n n , C a s h ie r ;
G e o . W . E v a 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 .— R . C. Fair, F . N . Conn, Thos. Cooling, A. S. Thom as, C. G. B ates.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$125,163 95
12,000 00
$125,250 93
17,000 00
$147,853 88
7,500 00
$141,162 83
5,000 00
$126,478 36
5,000 00
26,970 00
120,211 50
26,920 00
132,911 50
30,775 00
145,438 50
59,415 00
153,449 60
69,570 00
165,066 60
300 00
1,300 75
500 00
399 59
500 00
270 49
750 00
100 73
1,600 00
238 35
2,100 00
1.500 00
1.500 00
1,500 00
1,500 00
2,150 00
2.500 00
2.500 00
1,100 00
1,100 00
8,341 54
2,594 84
10,829 36
7,581 28
7,895 58
21,816 54
20,000 00
4,720 45
17,700 00
21,055 68
17,000 00
17,452 77
19,000 00
23,753 96
19,000 00
1,859 00
8,550 00
14,027 00
2,800 00
2,598 00
9,875 00
10,135 00
7,525 00
13,573 00
2,315 00
3,842 50
5,000 00
485 00
9,000 00
3,717 50
5,000 00
4,970 00
5,000 00
2,975 00
10,000 00
1,024 95
6 60
1,303 05
21 55
531 95
8 80
2,368 45
1 10
1,603 20
6 15
232 64
60
513 09
311 81
1 17
1,693 52
306 70
1 70
231 84
421 66
43
276 15
212 74
29
317 85
$361,383 66
$361,640 41
$407,494 40
$437,210 00
$452,206 08
$25,000 00
4,500 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
5,130 46
1,555 08
2,600 26
408 74
2,880 76
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d e p o s it..
44,136 73
114,847 77
34,933 03
115,718 08
66,888 02
123,182 12
81,179 36
135,645 77
79,604 73
138,332 55
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
145,388 06
22,380 64
154,287 48
25,146 74
159,108 12
25,715 88
165,107 32
24,868 81
166,066 23
35,321 81
T o ta ls................................................
$361,383 66
$361,640 41
$407,494 40
$437,210 00
$452,206 08
Premium a cco u n t..................................
O verdrafts.................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B ankin g h o u se ........................................
Furniture and fix tu r e s........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
C!nmmf*rr.ial departm ent,. . .
Savings? departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
140
STA TE BAN KING D EPA R TM EN T.
No. 462.
T H E PE O PL E S STATE SAVINGS BANK OF EAST JORDAN.
Organized O ctober 13, 1910.
W . P. S q u i r e , P r e s id e n t ; A . E. S l e e p e r , W . A . S t r o e b e l , V ic e P r e s id e n t s ; R . O . B i s b e e , C a s h ie r .
D i r e c t o r s .— W ilbur P. Squier, R . O. B isbee, W. A. Stroebel, C. H. W hittington, A. E
A. L. W right, C. J. B isbee, H. I. McMillan.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Ttems in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
Report of
Mar. 7, ’l l .
$6,665 06
$20,133 34
$24,683 43
623 76
$35,546 13
2,435 44
$42,419 01
2,596 35
2,000 00
7,711 00
2,360 00
11,673 25
2,785 00
10,823 25
2,785 00
4,003 25
3,935 00
50 68
119 84
90 90
827 92
8,000 00
3,600 39
8,000 00
3,600 39
8,000 00
3,866 65
8,000 00
3,905 95
1,020 47
3,796 74
3,541 69
2,135 20
2,222 00
968 00
3,992 00
775 00
368 00
693 00
4,848 00
1,014 00
1,900 00
1,600 00
20 00
120 00
•8,000 00
2,654 91
2 62
34
1,393 95
T o ta ls................................................
$33,345 08
$49,362 29
$25,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10 00
100 00
1,435 13
T o ta ls................................................
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
9,239 08
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Checks and other cksh it e m s ...........
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, ldss losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep osit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it.....................
Due to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
Bills p a y a b le.........................................
’
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Due from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Sleeper
129 80
202 50
68 05
61 00
43 00
6 00
1 11
312 39
12 69
14 33
247 92
$56,923 67 |
$73,338 61
$71,711 62
$25,000 00
$25,000 00
$25,000 00
$25,000 00
137 63
508 08
642 72
1,502 05
1,490 82
5,859 89
1,379 56
12,315 84
8,403 03
10,797 19
11,223 65
8 11
13,939 31
17,161 70
9,822 71
21,061 49
968 00
3,135 34
4,252 00
6,235 55
8,436 60
5,000 00
4,500 00
5,000 00
900 00
5,000 00
$56,923 67
$73,338 61
$71,711 62
165 20
11 10
$33,345 08
$49,362 29
53
2 74
311 79
STA TE
BANKS
OF
M IC H IG A N .
141
N o. 238.
ST A T E B A N K O F E A ST JO R D A N , E A ST JO R D A N .
O r g a n iz e d J u ly 1 2 , 1 9 0 1 .
W. P. P orter , P r e s id e n t ; W. L. F r en c h , V ic e P r e s id e n t ; G e o . G. Gl e n n , C a s h ie r .
D irectors .— W. P. Porter, W. L. French, M. H. Robertson, Geo. G. Glenn, Carl Stroebel, B. E. W ater
m an, Fred Sm ith, Charles H. Schaffer, F. M. Severance.
Resources.
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
$163,105 93
10,235 63
$165,521 05
1,545 63
$151,747 05
$157,249 48
$152,584 70
11,608 34
Savings d ep artm en t.........................
57,225 55
57,363 89
59,454 87
66,111 66
69,137 03
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x e s paid,
124 43
982 25
51 03
556 73
51 03
1,088 28
51 03
2,520 28
51 03
608 56
B anking h o u se .......................................
Furniture and fixtures.........................
6,123 99
2,865 92
6,123 99
2,865 92
6,198 99
2,865 92
6,278 99
2,865 92
6,278 99
2,865 92
250 00
Due from other banks and bankers,
_
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of dep osit..
17,866 22
10,964 47
22,648 25
11,080 01
12,513 48
10,142 67
36,778 59
9,937 98
48 22
103 44
230 27
311 33
3,590 00
2,000 00
3,982 00
1,000 00
5,345 00
1,600 00
4,502 00
2,286 00
8,265 00
2,000 00
4,250 00
1,000 00
2,415 00
2,000 00
1,475 00
2,000 00
2,430 00
2,000 00
2,307 50
2,400 00
993 30
400 00
1,103 20
100 00
658 00
100 00
286 20
200 00
612 35
255 00
154 03
90 00
62 57
225 51
29 00
8 98
151 01
80
12 44
60 53
75 00
188 54
100 00
2 75
$280,614 04
$273,770 84
$266,659 29
$269,803 51
$306,543 61
$50,000 00
3,000 00
$50,000 00
3,500 00
$50,000 00
3,500 00
$50,000 00
3,500 00
$50,000 00
4,000 00
2,994 68
679 20
1,806 00
2,137 52
70 00
2,600 86
1,032 90
50 00
87,995 61
64,300 92
77 00
75,684 39
71,981 84
62,034 22
68,312 41
62,773 93
54,702 62
99,954 30
52,186 02
500 00
5,000 00
5,000 00
3,750 00
41,741 65
28,004 18
44,605 41
17,964 00
47,881 21
27,723 93
47,938 55
43,287 55
48,054 37
47,016 02
2,500 00
7,550 00
$280,614 04
$273,770 84
$266,659 29
$269,803 51
$306,543 61
19,926 59
7,483 85
State m onies on d e p o s it.....................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
RfCsci"vcd for tiixcs^ ltitcrost^ etc . • •
N otes and bills red isco u n ted ............
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
142
STA TE BAN KING D EPA R TM EN T.
No. 53.
MICHIGAN STATE BANK OF EATON RA PID S.
Organized Ju ly 22, 1884.
H . H . H a m i l t o n , P r e s id e n t ; H . P . W e b s t e r , V ic e P r e s i d e n t ; G u y R o g e r s , A s s i s t a n t C a s h ie r ;
J e n n i e S . H a m i l t o n , T e lle r .
D i r e c t o r s — H . P. W ebster, E. S . Harris, H. H . H am ilton, E. F. K napp, H C Minnie I N
F. S . Leighton, J. B. Bradley, J. H . Parks.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.......................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Prem ium a c co u n t..................................
O verdrafts.........................................
E xpenses, interest and ta x es paid
exceeding earnings...........................
B ankin g h o u se ........................................
Furniture and fix tu r e s .......................
Other real e s t a t e .................................
D ue from other banks and bankers,
not reserve c itie s ............................
Item s in tr a n s it..............................
U nited States bonds:
Savings d ep artm en t.........................
D u e from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep artm en t.......................
E xch anges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep a rtm en t..................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and oilier cash ite m s ............
T o ta ls...............
L iab ilities.
Capital stock paid in ..................
Surplus fu n d ............................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id .............................................
D ividends u n p a id ...........................
Commercial deposits subject to
check ................................
Commercial certificates of deposit..
Certified c h e c k s .................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it..............
D ue to banks and ban kers...........
Savings d ep o sits..............................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . . .
N otes and bills red isco u n ted ............
B ills \)<&y ctl_>lt?............................................
T o ta ls ...........................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R eynolds,
R eport of
N ov. 10, HO
R eport of
Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
$151,116 82
72,585 15
$146,134 27
78,990 66
$141,487 09
77,395 16
$125,682 21
92,938 38
$110,758 49
83,977 98
89,786 17
89,165 95
93,464 45
86,528 56
86,348 56
1,281 43
4,002 47
1,518 22
681 59
394 66
5,500 00
2,000 00
5,500 00
2,000 00
5,500 00
2,000 00
5,500 00
2,000 00
5,500 00
2,000 00
285 89
8,000 00
8,000 00
285 89
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
3,739 31
2,283 34
320 73
110 19
5,822 17
4,392 98
6,461 32
6,153 25
9,432 99
7,051 03
24,932 73
7,171 98
29,798 48
8,764 02
20,443 58
1,000 00
1,250 00
5,173 00
3,000 00
5,277 00
8,250 00
4,500 00
4,207 00
4,000 00
2,950 00
300 00
2,839 00
680 00
11,000 00
1,000 00
11,255 00
11,180 00
605 00
9,000 00
11,965 00
1,140 00
190 00
500 00
690 00
200 00
1,000 00
1,200 00
300 00
90 00
700 00
9 99
6 52
1,258 63
236 24
1 52
2,457 67
14 98
197 50
1,612 02
139 18
46 52
3,195 34
1 52
124 91
1,567 61
$360,607 21
$374,866 25
$376,866 80
$384,367 43
$354,112 50
$75,000 00
15,000 00
$75,000 00
15,000 00
$75,000 00
15,000 00
$75,000 00
15,000 00
$75,000 00
15,000 00
6,174 21
20 00
393 91
6,071 12
35 00
8,375 37
4,958 85
60 00
53,737 63
62,674 99
63,078 79
68,429 68
61,656 49
361 66
3,727 19
186,586 52
4,398 52
192,954 80
4,326 48
188,355 41
5,468 51
182,093 87
7,863 26
189,573 90
20,000 00
20,000 00
25,000 00
30,000 00
$360,607 21
$374,866 25
$376,866 80
$384,367 43
$354,112 50
STATE
BANKS
OF
M ICH IGAN .
143
No. 193.
EDM ORE STATE BANK, EDM ORE.
Organized April 5, 1897.
F r e d e r ic 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
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 .
W. P f e i f l e r , C a s h ie r ;
D i r e c t o r s .— Frederick Neff, John W. Pfeifler. Sherman Neff, H enry J. Burch, E dw in K . H orton.
R esources.
Loans and discounts:
Oommf»roial department.
Savings d ep a rtm en t.........................
B onds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Prem ium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earn ings...........................
B ankin g h o u se .......................................
Furniture and fixtures........................
Other real e s t a t e ....................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep a rtm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Gold coin:
Commercial d e p a rtm en t................
Savings d ep a rtm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Checks and other cash item s ■ ■
T o ta ls................................................
L iabilities.
Capital sto ck paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of d ep o sit..
Certified c h e c k s.............. .......................
Cashier’s checks o u tsta n d in g ............
S tate m onies on d e p o s it.....................
D ue to banks and b an kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c .. .
N otes and bills red isco u n ted .........
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
«31,387 37
31,802 88
$32,006 75
35,513 73
$34,035 54
33,624 55
$50,036 33
25,479 09
$36,506 99
39,616 08
29,405 51
35,075 51
40,002 51
38,397 26
36,363 77
1,087 95
232 41
522 63
321 12
96 10
1,908 86
1,948 21
1,908 86
1,945 71
1,908 86
1,943 71
1,908 86
1,940 21
1,908 86
1,939 46
1,314 43
3,207 82
514 12
163 36
550 00
486 90
5,696 53
12,560 41
3,927 71
13,341 83
3,727 62
10,480 82
1,701 75
1,578 86
4,051 06
8,236 31
1,000 00
5,652 00
1,000 00
4,789 00
1,000 00
3,199 00
1,000 00
2,869 00
1,000 00
3,078 00
500 00
530 00
500 00
440 00
935 00
930 00
50 00
910 00
521 25
1,286 50
500 00
765 50
500 00
358 25
300 00
100 50
108 47
10S 96
147 03
131 43
61 62
1,036 60
37 94
878.22
150 00
48 93
26 30
$127,426 22
$132,760 59
$133,907 32
$128,486 89
$136,183 69
$15,000 00
5,500 00
$15,000 00
6,000 00
815,000 00
6,000 00
$15,000 00
6,000 00
$15,000 00
6,500 00
1,698 40
572 95
1,547 46
1,594 41
96 79
26,124 76
24,986 19
19,135 63
22,333 45
32,005 80
1,258 34
6,944 08
1,405 07
714 82
2,868 11
8,420 90
69,423 82
8,396 35
70,861 02
9,211 91
81,607 25
9,606 44
73,237 77
10,284 21
69,428 78
$127,426 22
$132,760 59
$133,907 32
$128,486 89
$136,183 69
144
STA TE
B A N K IN G D E P A R T M E N T .
No. 403.
T H E P E O P L E ’S STATE BANK OF EDM ORE, EDM ORE.
Organized Ju n e 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. H olm es, Jam es Purdon, E. S. Wagar, Harry E. Wagar, W illiam A, Wood.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and taxes paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fix tu res........................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, M l.
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$31,724 92
22,939 35
$28,346 60
21,628 78
$34,101 95
16,389 06
$45,967 63
12,016 16
$45,609 73
24,009 41
45,061 00
46,656 00
54,695 00
55,278 00
55,428 00
412 04
521 64
411 76
272 55
184 69
3,945 00
1,969 00
3,945 00
1,969 00
3,945 00
1,969 00
3,945 00
1,969 00
3,945 00
1,969 00
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t........... .. .
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ...........
T o ta ls................................................
L iabilities.
Capital stock paid in ..........................
Surplus fu n d .* .......................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ......................................................
D ividends u n p a id ..................................
Commercial 'deposits subject to
c h e c k ......................................................
Commercial certificates of deposit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and bankers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for ta x es, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1 50
12,459 71
10,871 27
10,511 66
17,262 24
13,472 17
9,060 65
5,378 29
10,374 56
3,681 96
10,595 85
13 00
12 85
68 83
276 73
418 60
3,144 00
3,690 00
1,771 00
2,000 00
4,024 00
2,000 00
2,192 00
3,700 00
2,075 00
2,500 00
1,395 00
1,590 00
1,675 00
30 00
1,800 00
30 00
2,000 00
294 10
300 00
745 30
310 00
589 75
325 00
804 80
190 00
362 90
500 00
60 84
115 00
195 88
117 89
191 82
10 74
121 70
$138,394 23
$137,465 95
$142,845 06
$144,397 28
$153,433 34
$20,000 00
500 00
$20,000 00
500 00
$20,000 00
500 00
$20,000 00
500 00
$20,000 00
800 00
718 81
1,645 59
2,159 25
2,677 28
193 20
40,276 52
37,969 13
40,381 74
29,850 54
35,621 70
9,897 09
67,001 81
10,512 33
66,838 90
10,970 38
68,833 69
9,551 59
73,817 87
9,222 67
79,595 77
8,000 00
8,000 00
$138,394 23
$137,465 95
$142,845 06
$144,397 28
$153,433 34
STATE
BANKS
OF
M ICH IGAN .
145
No. 129.
E L K R A PID S SAVINGS BANK, E L K R A PID S.
Organized Jan u ary 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 , V ic e P r e s id e n t ;
Ch a r l e s B. C a r v e r , C a s h ie r .
Directors.— M.
B. Lang, Harry Hirshberg, A. B. Fairbanks, Charles B. Carver,
C. A. W hyland, F. R . W illiams.
Resources.
Loans and discounts:
Commercial departm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t...........
Premium a c co u n t......................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fixtures........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
Exchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
T axes paid for shareholders..............
Checks and other cash it e m s ...........
T o ta ls....................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ......................................................
D ividends un paid ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d ep o sit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g...........
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings dep osits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
Bills p a y a b le............................................
T o ta ls................................................
19
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
C.
D . Towne,
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$94,230 23
42,516 54
$92,833 80
35,654 58
$92,389 57
25,992 53
$98,043 94
17,434 44
$96,992 09
23,457 83
106,637 23
109,553 93
108,673 83
118,257 26
120,224 66
1,444 78
33
379 06
65 49
441 29
601 38
4,000 00
1,800 00
4,000 00
1,800 00
4.ÓÓÒ Ó0
1,800 00
4,000 00
1,800 00
4,000 00
640 00
475 00
6,623 62
12,515 58
11,337 40
10,835 62
13,546 74
18,310 86
12,442 53
10,614 38
1,556 52
5,535 50
7,705 00
1,480 00
1,994 00
5,500 00
7,905 00
3,673 00
3,845 00
3,416 00
6,160 00
9,520 00
9,500 00
585 00
9,000 00
9,655 00
9,840 00
912 30
1,168 70
1,014 80
1,165 70
958 25
117 34
105 98
160 50
161 37
137 15
424 20
488 29
1,899 21
957 10
1,134 94
235 67
$291,055 44
$287,102 77
$284,777 22
$282,828 94
$275,170 66
$35,000 00
9,500 00
$35,000 00
10,000 00
$35,000 00
10,000 00
$35,000 00
10,000 00
$35,000 0010,000 00
8,256 71
3,003 42
1,220 00
3,939 40
5,056 71
5,974 23
53,003 82
8,539 67
57,341 91
11,664 17
58,663 64
10,639 17
59,508 76
12,771 55
54,674 84
10,067 10
33 20
310 85
25 60
5,000 00
32 15
2,500 00
18 35
135,083 73
36,638 31
133,444 70
35,117 72
125,163 03
36,346 38
125,161 72
32,798 05
124,220 09
35,216 05
$284,777 22
$282,828 94
$275,170 66
............... ...............
5,000 00
$291,055 44
$287,102 77
S T A T E B A N K IN G D E P A R T M E N T .
146
No. 342.
T H E STATE SAVINGS BANK OF E L S IE , E L S IE .
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 .— O . B. Campbell, L . G . B ates, M . B . N etzorg, C. D . B ates, T . P. Steadm an.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium aee.oim t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceed i n g earni n e:s...........................
Pan king h o u se .......................................
Furniture and fix tu res........................
Other real esta te
..............................
D ue from other banks and bankers,
not. reserve c itie s ..............................
Tterns in transit
..............................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savi n gs d epart.m en t .........................
E xchanges for clearing house:
Horn m eroi al d e p a rtm en t................
Savin gs d epartm e n t.........................
U . S. and N ational bank currency:
Onmmeroial d ep a rtm en t................
Savi n gs d epartm en t,.. .
Gold coin:
Commercial d ep a rtm en t................
Savi n gs d epartm e n t.........................
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$142,291 63
42,896 03
$137,650 35
25,987 63
$142,573 89
23,626 93
$159,881 94
24,984 81
$180,787 42
10,071 90
60,235 45
70,007 80
76,976 80
79,401 80
81,565 24
4,544 72
1,438 96
3,074 98
1,116 07
3,606 12
444 43
2,000 00
1,600 00
2,000 00
1,600 00
641 55
2,000 00
1,600 00
1,292 63
2,000 00
1,600 00
957 27
2,000 00
1,600 00
152 57
781 09
55 90
19,292 23
8,500 00
30,937 75
8,500 00
24,545 34
10,500 00
10,504 45
11,500 00
11,476 13
9,500 00
6,817 00
4,500 00
11,140 00
4,500 00
12,387 00
1,500 00
13,137 00
14,024 00
112 50
5,000 00
260 00
5,000 00
95 00
5,000 00
227 50
5,000 00
470 00
5,000 00
518 90
600 45
341 80
923 05
834 20
15 67
Silver coin:
Com m eroi al d epartm e n t ................
Savings d ep artm en t.........................
N ickels and cents:
Com m eroi al d epart m en t ................
Savings departm en t.........................
Checks and other cash ite m s ............
42 92
53 83
92 19
39 45
48 09
494 74
196 11
406 21
260 98
441 12
T o ta ls................................................
$299,443 12
$300,653 97
$305,417 59
$311,869 68
$322,397 16
$25,000 00
1,850 00
$25,000 00
2,150 00
$25,000 00
2,150 00
$25,000 00
2,150 00
$25,000 00
2,400 00
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial deposits subject to
check ......................................................
Commercial certificates of d ep osit..
Certified c h e c k s......................................
Cashier's checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savi n gs d eposi t,s .....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e tc . . .
N otes and hills rediscounted .........
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
386 78
52,266 85
119,202 59
56,332 92
124,231 01
50,842 50
119,540 24
47,428 03
125,464 59
54,088 79
130,001 72
101,123 68
92,553 26
107,884 85
96,827 06
100,906 65
15,000 00
10,000 00
$299,443 12
$300,653 97
$305,417 59
$311,869 68
$322,397 16
STA TE
BANKS
OF
M ICH IGAN .
147
No. 299.
T H E STATE SAVINGS BAN K OF ESCANABA, ESCANABA.
Organized Novem ber 2, 1904.
W . W . O l i v e r , 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 .— O. B . Fuller, W . W. Oliver, J. B . W ilkinson, H . B . R eynolds, O. N . H u gh itt, J. A. McGuire,
H.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and taxes paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fix tu res.........................
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial 'deposits subject to
c h e c k ......................................................
Commercial certificates of d ep osit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ............
S tate m onies on d e p o s it.....................
D ue to banks and bankers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, e t c . ..
N otes and bills red 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
H . Allyn, W . R . Sm ith.
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
R eport of
June 7, ’l l . Sept. 1, ’l l .
$162,107 29
64,484 80
$145,114 10
62,789 80
$158,296 49
50,333 30
$200,522 85
55,039 19
$188,605 18
80,339 85
6,500 00
97,328 99
6,000 00
97,168 99
6,000 00
112,638 99
57,037 50
116,498 99
44,037 50
115,180 99
142 55
151 70
45 36
337 50
83 46
337 50
134 98
8,200 00
1,220 00
8,000 00
1,100 00
8,000 00
1,100 00
8,000 00
1,100 00
8,000 00
1,100 00
356 43
717 31
1,799 99
4,742 18
2,583 73
5,178 74
18,737 69
12,200 49
29,767 81
33,664 78
15,653 94
21,905 68
16,158 16
7,024 80
2,517 50
2,755 94
2,576 81
3,081 50
9,679 00
10,000 00
10,247 00
10,000 00
6,676 00
10,000 00
15,433 00
12,000 00
10,648 00
12,000 00
3,550 00
4,940 00
3,585 00
3,940 00
3,417 50
2,125 00
3,132 00
1,280 50
2,433 05
3,870 80
2,158 99
1,091 86
171 99
220 17
298 71
266 33
332 09
1,447 72
1,172 45
2,478 25
6,183 03
914 20
$381,664 48
$377,187 45
$407,256 83
$532,929 42
$511,155 79
$50,000 00
4,000 00
$50,000 00
4,500 00
$50,000 00
4,500 00
$100,000 00
20,000 00
$100,000 00
20,000 00
10,652 03
6,689 58
600 00
7,517 84
3,346 24
3,734 97
69,388 21
41,774 18
81 67
77,464 78
46,104 01
65 62
83,231 81
48,114 50
1,354 23
133,700 10
50,239 31
80 62
' 108,428 78
46,780 26
65 62
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
185,982 26
181,763 46
182,538 45
205,563 15
222,146 16
20,000 00
10,000 00
$407,256 83
$532,929 42
9,786 13
$381,664 48
$377,187 45
$511,155 79
STA TE
148
B A N K IN G D E P A R T M E N T .
No. 295.
EVA RT SAYINGS BANK, EVART, MICHIGAN.
Organized A ugust 2, 1904.
F r a n k S. P o s t a l , P r e s id e n t ; E. C. C a n n o n , V ic e P r e s i d e n t ; J. R . P o s t a l , C a s h ie r ;
H . W . 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 .— Frank S. Postal, W illiam L atta, Geo. F. Andrus, E. C. Cannon, W illiam E. D avis, H ugh
A lexander, D avid W olf, W illiam Munroe, Fred P ostal.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking h o u se ........................................
Furniture and fixtu res.........................
R eport of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$89,050 18
$89,258 45
$93,209 89
$92,462 34
$85,192 25
12,350 00
5,550 00
71,129 50
5,550 00
72,679 50
5,550 00
70,962 85
7,450 00
69,776 05
70,281 64
431 15
126 50
44 99
36 95
66 95
8,800 00
2,351 25
8,800 00
2,000 00
8,800 00
2,000 00
8,800 00
2,000 00
8,800 00
2,000 00
8,152 79
10,643 23
6,340 15
12,779 97
10,248 06
9,223 10
15,884 90
15,043 59
15,977 98
11,907 43
544 52
778 91
763 08
393 21
795 77
10,275 00
9,109 00
700 00
9,645 00
800 00
9,751 00
400 00
6,969 00
400 00
180 00
5,000 00
20 00
5,300 00
42 50
5,200 00
2 50
5,600 00
65 00
5,600 00
603 35
1,433 00
732 05
2,291 75
1,175 80
200 65
307 91
308 53
283 86
270 49
$212,911 62
$215,183 39
$217,530 05
$230,176 15
$221,852 31
$30,000 00
5,500 00
$30,000 00
6,000 00
$30,000 00
6,000 00
$30,000 00
6,000 00
$30,000 00
6,000 00
3,679 59
1,641 10
232 00
1,529 75
1,096 70
1,012 56
60
17
00'
00
27,040 38
57,062 57
31,714 16
. 56,290 54
37,227 15
57,417 58
28,506 55
55,636 82
607 00
270 82
187 32
108 22
62,635 51
27,570 75
64,891 23
27,709 11
64,341 41
27,383 37
77,080 01
21,167 39
81,092 86
19,495 30
$212,911 62
$215,183 39
$217,530 05
$230,176 15
$221,852 31
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ........................................................
D ividends un paid..................................
Commercial ‘deposits subject to
c h e c k . . •.................................................
Commercial certificates of d e p o s it..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and Bankers................
Savings d ep o sits.....................................
Saving certificates of d ep o sit...........
Reserved for taxes, interest, etc .. .
N otes and bills red isco u n ted ............
B ills p a y a b le...........................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
21,647
59,872
2,000
6
STATE BANKS OF MICHIGAN.
149
No. 152.
F IR S T STATE SAVINGS BANK OF EVART.
Organized F ebruary 17, 1893.
Y . 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 .— Y. R . D avy, V. E. Lacy, W m . R ogers, J. \V. M atthews, G. E . Brandeberry, O. L. Millard
J. S. Edwards, Geo. A. Glerum, A. H . R ose, Fred B . Sm ith.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se .......................................
Furniture and fixtures.........................
Other real e s t a te ....................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
Exchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Nickels and cents:
Commercial d ep artm en t................
Savings departm en t...................... ..
Checks and other cash it e m s ............
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
paid
.................................................
D ividends un p a id ..................................
Commercial deposits subject to
c h e c k .....................................................
Commercial certificates of d ep osit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
Reserved for taxes, interest, etc .. .
N otes and bills red isco u n ted ............
Bills pa y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
R eport of
R eport of
June 7, ’l l . Sept. 1, ’l l .
8186,889 13
26,415 41
$190,921 01
22,815 41
$202,684 59
25,200 41
$227,787 53
15,900 00
$227,039 15
24,500 00
95,431 97
97,442 11
95,881 23
106,098 42
114,257 90
1,018 55
4,308 73
1,460 35
1,120 35
2,503 84
11,200 00
3,655 00
11,200 00
3,655 00
11,200 00
3,655 00
11,200 00
3,655 00
11,200 00
3,655 00
6,108 00
6,108 00
6,108 00
6,108 00
108 00
22,668 77
16,573 85
20,725 91
15,821 03
40,716 00
18,448 19
50,916 40
25,005 08
11,792 20
18,172 02
2,452 26
15,799 09
2,648 90
3,830 02
400 00
5,101 00
5,665 00
3,600 00
6,979 00
375 00
8,083 00
170 00
5,495 00
2,900 00
3,995 00
4,350 00
15 00
8,100 00
8,160 00
8,120 00
170 00
8,000 00
*
1,616 70
2,282 60
2,444 60
3,303 05
9 00
2,674 25
44 00
256 02
77
13 38
310 54
2 13
1,711 97
407 51
40
160 76
434 03
79
617 73
417 71
26
55 10
8387,745 81
$410,483 53
$426,529 94
$472,358 40
$433,384 43
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
1,825 15
267 68
1,168 79
2,674 84
1,084 89
80,542 39
102,606 27
92,521 50
109,913 67
106,959 49
110,336 43
135,849 27
117,531 00
100,242 11
104,183 25
141,693 76
1,078 24
147,051 86
728 82
147,486 41
578 82
156,082 38
220 91
167,665 27
208 91
$387,745 81
$410,483 53
$426,529 94 j $472,358 40
$433,384 43
S T A T E B A N K IN G D E P A R T M E N T .
150
No. 460.
T H E FARM INGTON EX C H A N G E BANK, FARM INGTON.
Organized Septem ber 12, 1910.
F r e d M. W a r n e r , P r e s id e n t ; S. D . H o l c o m b , V ic e P r e s id e n t ; C. W. W i l b u r , C a s h ie r ;
A. A. B r u d 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 .— Sam uel D . H olcom b, Fred M. Warner, M. B yron Pierce, Harry N . McCracken,
Clinton W . W ilbur.
Resources.
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
816,571 13
41,922 61
$15,904 56
41,632 91
$20,112 88
36,230 24
$22,586 55
37,774 19
$24,727 33
35,757 72
53,734 74
58,463 47
60,235 57
9,258 32
63,186 25
8,872 34
63,594 25
Loans and discounts:
Commercial d ep a rtm en t................
Sfl.vi n gs d op art merit,.........................
Bonds, mortgages and securities:
Commercial d ep artm en t................
Savi n gs d epart,m ent.........................
Premium a cco u n t..................................
O verdrafts................................................
Expenses, interest and ta x es paid,
exceeding earn ings...........................
"Ranking h o u se .......................................
Furniture and fixtures........................
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
889 27
2,162 55
419 38
62 00
29 99
1,228 89
2,551 43
1,642 50
492 432,551 43
1,642 50
324 22
2,551 43
1,642 50
2,551 43
1,642 50
2,627 93
1,642 50
10,022 66
22,902 83
9,907 25
20,016 10
22,947 03
25,766 10
6,840 01
19,104 82
679 34
18,488 22
1,000 00
5.000 00
256 00
6,905 00
1,340 00
7,400 00
1,000 00
4,358 00
970 00
5,776 00
500 00
2.000 00
987 50
167 50
400 00
2,145 00
150 00
1,165 00
500 00
700 00
525 15
35
561 10
125 00
40 00
233 60
57 20
334 35
117 12
11 57
100 00
178 33
38 16
104 74
15 63
66 20
3 50
115 16
170 06
2 46
79 49
126 00
$161,294 75
$161,663 69
$180,009 52
$171,471 39
$165,080 12
$20,500 00
$21,166 67
$24,750 01
$25,000 00
$25,000 00
1,612 26
1,530 44
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings d ep artm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s ...........
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial ‘deposits subject to
check ...................................................
Commercial certificates of d ep osit..
Certified c h e c k s......................................
Cashier’s checks o u tsta n d in g ...........
State m onies on d e p o s it.....................
Due to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
13,852 92
13,449 61
25,238 43
17,757 36
13,223 80
115,198 82
11,743 01
97,956 56
29,090 85
91,698 69
38,322 39
69,382 30
57,719 47
56,202 58
69,123 30
$161,294 75
$161,663 69
$180,009 52
$171,471 39
$165,080 12
STATE
BANKS
OF
151
M ICH IGAN .
I
No. 215.
T H E OLD STATE BANK, F E N N V IL L E .
Organized June 1, 1899.
L. S. D i c k i n s o n , P r e s id e n t ; 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 o n , C a s h ie r ;
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 .
D i r e c t o r s .— L. S . D ickinson, J. E . H utchinson, W. J. H utchinson, C. E . H utch inson, M ay H utch inson.
R esources.
Loans and discounts:
Commercial departm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Com m e.rei a 1 c1ep art, m o n t................
Savings departm en t.........................
R eport of
Mar. 7, ’l l .
$37,061 22
18,164 24
$42,023 13
15,577 42
$37,812 00
17,304 96
$41,520 81
13,994 44
$40,356 96
13,327 00
37,959 66
40,286 04
39,856 04
41,361 04
40,231 04
989 73
1,603 08
2,243 72
2,143 63
1,021 03
6,000 00
1,758 40
6,000 00
1,758 40
6,000 00
1,758 40
6,000 00
1,758 40
6,000 00
1,758 40
1,000 00
32 00
12,180 61
3,131 92
4,792 25
2,032 33
36,179 12
2,032 33
1,573 00
741 00
2,100 00
1,762 50
800 00
2,827 50
Prprn j11m aoroi in t-..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
p.n pp.pfl i n g oarn i n g s .. .
B anking h o u se .......................................
Furniture and fix tu r es........................
Ot.hpr rpal psfafo
D ue from other banks and bankers,
oof. rpsprvp. pit,]p.s
Tfpms in transit
..............................
U n ited States bonds:
Pavings dppartrnPfit
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Cnmm^nj’a,! dppartmP.nt .........
Pavings rippartmp.nt
48 50
12,653 69
6,488 46
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
7,129 64
4,814 52
647 85
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings d ep artm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and c e n ts..................................
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s . . . . . .
R ep o it of
R eport of
June 7, ’l l . Sept. 1, ’l l .
Report of
Report of
N ov. 10, '10. Jan. 7, ’l l .
2,706 00
5,520 00
2,274 00
5,000 00
1,155 00
3,000 00
995 00
1,200 00
755 00
1,500 00
2,400 00
51 40
220 00
194 50
239 00
165 85
150 00
613 00
59 90
615 00
62 89
28 77
696 56
30 62
340 83
19 74
21 32
505 47
43 74
1 44
765 01
5 79
4 74
504 83
$132,604 52
$130,174 03
$127,705 03
$120,161 59
$147,796 64
$15,000 00
3,000 00
$15,000 00
3,000 00
$15,000 00
3,000 00
$15,000 00
3,000 00
$15,000 00
3,000 00
,
128 27
1,694 64
1,554 77
1,209 80
1,056 16
Commercial deposits subject to
check ......................................................
44,895 12
43,062 41
42,286 02
33,782 83
62,806 44
Savings certificates of d e p o s it.........
69,581 13
67,416 98
65,864 24
57,168 96
65,934 04
T o ta ls................................................
$132,604 52
$130,174 03
$127,705 03
$120,161 59
10,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$147,796 64,
152
STA TE BAN KING D EPA R TM EN T.
No. 209.
T H E COMMERCIAL SAVINGS BANK OF FENTO N, FENTO N.
Organized O ctober 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 i d 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. N ew ell, Z. Patterson, L. E . Becker, E. N . Stiles.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks, and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U n ited States bonds:
Savings d ep artm en t.........................
Due from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep artm en t....................
Silver coin:
Commercial departm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings d ep artm en t.........................
«Checks and other cash ite m s ............
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ........................................................
D ividends un p a id ..................................
Commercial ‘deposits subject to
check .....................................................
Commercial certificates of d ep osit..
Certified c h e ck s......................................
Cashier’s checks o u tsta n d in g ...........
State monies on d e p o s it.....................
Due to banks and bankers................
Savings d ep o sits.....................................
Savings certificates of d e p o sit.........
Reserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, '11.
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$96,944 66
58,120 36
$107,730 58
54,333 86
$102,330 37
50,205 63
$92,515 15
40,054 92
$101,086 10
41,300 88
113,082 10
112,956 60
114,085 35
122,320 65
125,747 95
221 61
103 95
56 96
4.000 00
1.000 00
4.000 00
1.000 00
4.000 00
1.000 00
4.000 00
1.000 00
4.000 00
1.000 00
3,777 80
2,449 26
780 00
4,320 00
1,978 13
5,291 70
31,831 40
7,271 36
35,908 45
17,837 62
41,445 33
16,507 78
49,861 97
10,414 15
48,687 51
6,774 00
6,412 00
3.314 00
7,232 00
5,324 00
6,345 00
7,484 00
7,000 00
7,017 00
6,490 00
4,467 50
2,000 00
2.315 00
1,000 00
3,425 00
4,460 00
4,305 00
1,999 60
1,120 50
1,856 55
1,000 00
1,150 80
1,049 00
926 90
530 00
2,389 30
1,195 00
34 95
57 74
47 47
106 72
10 00
346 31
135 62
10 00
51 94
67 34
124 12
90 40
25 32»
272 62
$335,070 04
$343,756 00
$350,339 87
$351,548 35
$355,808 58
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
$25,000 00
5,000 00
3,993 53
359 60
240 00
2,251 83
1,557 01
2,389 81
30,801 10
55,241 55
36,219 38
60,571 11
36,469 90
63,881 83
32,756 29
62,997 51
36,878 55
58,803 88
215,033 86
216,365 91
217,7o6 31
224,237 54
227,736 34
$335,070 04
$343,756 00
$350,339 87
$351,548 35
$355,808 58
STATE
BANKS
OF
M ICH IGAN .
153
No. 384.
FEN TO N STATE SAYINGS BANK, FENTO N.
Organized Septem ber 26, 1907.
L e o n a r d F r e e m a n , P r e s id e n t ; H a r r y J. P h i l l i p s , V ic e P r e s id e n t ; F. H . H it c h c o c k , C a s h ie r ;
Ch a s . J. C a m p b 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 .— C. J. Campbell, L. M. Cook, Leonard Freeman, L. L. H oltforth, F . H . H itchcock,
H.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
Banking house .....................................
Furniture and fixtures........................
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c itie s ...............................
Item s in tr a n sit.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:1
Commercial d ep artm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial departm en t................
Savings departm en t.........................
Nickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s ...........
T o ta ls................................................
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
paid
...................................................
D ividends un paid..................................
Commercial 'deposits subject to
check .................................................
Commercial certificates of dep osit..
Certified c h e ck s......................................
Cashier's checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savi n gs d eposi t s .....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . ..
N otes and bills rediscounted............
Bills pa y a b le............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
J. Phillips, Elm er W. D avidson.
R eport of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$53,099 33
35,432 19
$52,267 99
38,084 72
$49,524 72
37,875 99
$48,002 73
20,096 61
$46,101 54
17/887 78
4,000 00
105,086 01
4,000 00
92,982 79
4,000 00
112,293 16
4,000 00
135,845 92
4,000 00
143,060 19
215 64
130 65
94 18
455 01
77 80
4,500 00
1,495 35
4,500 00
1,495 35
4,500 00
1,495 35
4,500 00
1,495 35
4,500 00
1,495 35
1,918 34
1,360 55
1,606 23
6,131 21
11,536 62
4,154 75
23,029 95
8,232 18
25,181 49
9,094 57
26,539 83
5,975 26
19,324 72
882 00
8,140 00
2,534 00
7,720 00
2,125 00
7,430 00
2,830 00
6,755 00
2,484 00
6,335 00
1,860 00
2,280 00
2,570 00
3,245 00
3,665 00
1,150 00
1,490 00
855 00
770 00
870 00
195 06
252 70
304 33
258 10
318 58
95 90
46 35
58 45
123 69
263 40
$235,737 65
$236,329 80
$258,146 08
$264,011 81
$257,311 42
$25,000 00
1,250 00
$25,000 00
1,500 00
$25,000 00
1,500 00
$25,000 00
1,500 00
$25,000 00
2,000 00
1,692 35
348 49
1,000 00
1,003 24
1,621 88
507 70
42,671 03
40,793 52
56,856 30
46,830 09
39,340 05
5,000 00
2,500 00
103,336 49
61,787 78
112,201 71
55,486 08
118,772 85
55,013 69
130,556 58
53,503 26
125,030 66
62,933 01
$235,737 65
$236,329 80
$258,146 08
*264.011 81
*257 811 42
952 80
S T A T E B A N K IN G D E P A R T M E N T .
154
No. 101.
T H E C IT IZ E N S’ COMMERCIAL AND SAYINGS BANK, FL IN T.
Organized A ugust 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, J. E . Burroughs, D . D . Aitkin, Geo. W.
H ubbard, M. Ephriam, E . S. Lee, Chas. L. B artlett, F . D . B uckingham , Thom as D oyle, H. W.
W atson.
R esources.
Loans and discounts:
Commercial d ep artm en t................
Sa'vings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$499,512 42
40,000 00
$468,593 01
33,500 00
$360,827 37
32,500 00
$457,146 55
29,750 00
$444,429 55
29,250 00
29,811 00
664,588 61
46,950 00
656,496 74
47,950 00
656,787 09
74,608 70
653,622 40
78,420 79
671,545 55
5.937 01
1.937 22
5,937 01
1,214 57
5,937 01
855 64
6,608 01
288 13
6,416 72
208 50
26,000 00
26,000 00
26,000 00
26,000 00
26,000 00
6,660 20
6,660 20
6,660 20
25,602 39
66,531 37
71,904 31
111,295 60
191,665 24
55,546 46
55,991 38
118,499 30
93,157 08
135,832 66
2,154 14
4,109 15
10,855 36
3,882 04
3,433 20
14,262 00
40.000 00
27,484 00
20,000 00
26,164 00
20,000 00
15,180 00
25.000 00
42,504 00
9,000 00
13,172 50
20.000 00
17,440 00
20,000 00
31,395 00
10,000 00
32,945 00
15.000 00
13,052 50
40,000 00
2,745 57
6,500 00
10,365 40
2,150 00
5,911 10
8,755 00
6,578 00
2,206 00
8,083 00
240 00
542 01
31 37
60 62
473 18
9 02
609 51
34
41 98
121 02
52
263 29
466 47
5 98
1,261 48
T o ta ls................................................ $1,466,048 43 $1,530,582 19 $1,498,461 30 $1,523,690 34
$1,606,517 55
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se ........................................
Furniture and fix tu r es........................
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Ttfvms in tr a n s it.....................................
U nited States bonds:
Savings d ep artm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings d ep artm en t.........................
E xchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings d ep artm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Silver coin:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
N ickels and cents:
Commercial d ep a rtm en t................
Savings d ep a rtm en t.........................
Checks and other cash it e m s ...........
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends u n p a id ..................................
Commercial deposits subject to
check ......................................................
Commercial certificates of d ep o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, etc .. .
N otes and bills red isco u n ted ............
B ills p a y a b le ............................................
3,210 07
$150,000 00
80,000 00
$150,000 00
85,000 00
$150,000 00
85,000 00
$150,000 00
85,000 00
$150,000 00
100,000 00
51,295 48
140 00
44,348 97
432 00
48,707 93
240 00
55,154 19
240 00
45,324 13
240 00
344,073 62
2,519 03
206 75
396,646 20
9,663 94
100 00
420,060 99
9,785 89
137 88
383,710 36
4,467 85
100 00
420,132 40
3,857 11
150 00
939 72
397,203 09
414,670 74
939 72
441,122 64
402,328 72
939 72
474,861 60
308,727 29
939 72
535,242 09
308,836 13
939 72
544,190; 54
341,683 65
T o ta ls................................................. $1,466,048 43 $1,530,582 19 $1,498,461 30 $1,523,690 34
$1,606,517 55
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
25,000 00
155
STATE BANKS OF M ICHIGAN.
No. 23.
G EN E SE E COUNTY SAVINGS BANK, F L IN T .
Organized May 1, 1872.
Corporate existence extended April 25, 1902.
J . 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. G . B ishop, C a s h ie r ;
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 .
Directors.—J. C.
W illson, W. W. Crapo, A. G. B ishop, J. D . D ort, H . C. Spencer, J. H . Crawford,
G.
C. W illson, C. S. M ott, F . A. Aldrich.
Resources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and Securities:
Com m f ilia l d ep a rtm en t................
Savings departm en t.........................
O verdrafts................................................
E xpenses, interest and ta x es paid,
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
Report of
R eport of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
$669,184 32
174,000 00
$568,485 46
459,097 60
$716,685 52
315,142 00
$609,128 62
445,941 70
$720,987 20
447,107 56
1,397,425 41
1,182,344 55
1,223,246 23
80,000 00
1,186,260 25
90,035 41
1,284,354 44
2,317 22
4,768 18
35,495 56
5,154 89
3,799 21
4,156 54
32,964 57
\
19,740 27
19,848 93
20,811 92
131,619 67
68,984 66
171,200 12
34,460 20
117,810 26
103,497 54
161,135 59
10,671 46
201,458 51
3,209 10
6,610 09
23,516 82
8,320 22
3,621 10
33,920 00
60,000 00
17,958 00
60,000 00
11,060 00
60,000 00
35,192 00
100,000 00
31,521 00
60,000 00
6,800 00
30,000 00
8,092 50
30,000 00
37,702 50
30,000 00
1,530 25
40,000 00
6,700 00
9,300 00
6,700 00
10,000 00
10,200 00
D ue from other banks and bankers,
Item s in tr a n s it.....................................
U nited States bonds:
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
U . S. and N ational bank currency:
Commercial d ep a rtm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep a rtm en t................
N ickels and cents:
Commercial d ep artm en t................
222 37
221 76
137 38
113 44
395 07
Checks and other cash ite m s ............
865 42
1,613 42
11,163 04
1,015 17
2,216 37
T o ta ls................................................ $2,520,420 05 $2,621,640 91 $2,605,157 28 $2,803,310 85
$2,928,709 50
L iabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ........................................................
D ividends un p aid ..................................
Commercial deposits subject to
c h e c k ......................................................
Commercial certificates of deposit..
Certified c h e c k s......................................
$100,000 00
200,000 00
$100,000 00
200,000 00
$100,000 00
200,000 00
$100,000 00
200,000 00
$100,000 00
250,000 00
44,145 90
43,376 84
1,268 00
58,879 42
184 00
70,380 96
10,153 36
180 00
380,260 23
7,576 99
750 00
529,483 99
12,936 45
250 00
417,515 97
26,805 18
2,463 32
498,763 04
7,200 12
550 00
551,348 01
4,347 97
4,000 00
118,302 55
1,285,046 26
384,338 12
1,321,257 04
413,068 59
1,382,119 92
417,189 47
9,024 28
1,495,712 56
421,679 89
1,553,629 29
455,050 87
T o ta ls................................................ $2,520,420 05 $2,621,640 91 $2,605,157 28 $2,803,310 85
$2,928,709 50
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o sit.........
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
156
STATE
B A N K IN G D E P A R T M E N T .
No. 431.
T H E IN D U ST R IA L SAVINGS BANK, F L IN T .
Organized May 8, 1909.
C. S. Mott , 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 ;
F.
M. B u f f 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 — C. S. M ott, C. W. N ash, Grant J. Brown, C. T. Bridgm an, D . D . Aitkin, Geo. C. W illson,
Fred J. W eiss, S. S. Stew art, A. H . Goss.
R esources.
Loans and discounts:
Commercial d ep artm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t......................
Premium a cco u n t..................................
O verdrafts..............................................
E xpenses, interest and ta x es paid,
exceeding earnings............................
Banking h o u se ............................
Furniture and fix t u r e s .......................
R eport of
N ov. 10, ’10
R eport of
Jan. 7, ’l l .
R eport of
Mar. 7, ’l l .
$73,570 81
1-, 305 00
$53,299 68
1,235 00
$94,522 63
1,120 00
$135,372 44
. 1,060 00
$141,520 08
935 00
42,949 28
44,757 77
54,960 20
77,130 78
100,625 62
164 79
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
10 19
4 00
3 20
245 00
44 76
12,002 52
3,561 44
12,003 07
3,561 44
12,003 07
3,561 44
Ì2.067 07
3,561 44
12,067 07
3,561 44
110,340 35
6,585 21
115,358 39
70,597 57
5,000 00
220,661 68
21,000 00
88,276 30
20,000 00
240 99
5,562 16
1,300 03
620 33
1,616 71
4,856 00
2,400 00
44,126 00
4,875 00
6,034 00
6,000 00
8,669 00
1,500 00
9,127 00
6,000 00
1,215 00
205 00
1,000 00
235 00
1,000 00
1,687 50
1,399 90
90 00
5,384 60
3,557 80
540 00
1,573 00
420 00
2,363 95
400 00
407 28
8 92
242 52
1 26
43 29
3 84
130 21
28 43
146 27
17 89
$260,942 89
$291,615 89
$260,482 07
$485,771 64
$389,702 12
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
10,000 00
$50,000 00
12,500 00
4,204 93
4,315 56
241 00
5,455 93
26 00
20 00
143,399 55
175,190 30
116,376 10
310,469 97
10,000 00
5,000 00
34,011 37
19,327 04
40,100 84
11,768 19
51,430 09
17,193 95
73,451 25
29,620 46
69,753 55
58,469 96
$260,942 89
$291,615 89
$260,482 07
$485,771 64
$389,702 12
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it......................................
U nited States bonds:
Savings departm en t.........................
Due from banks in reserve cities:
Commercial d ep a rtm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep a rtm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
Nickels and cents:
Commercial d ep a rtm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
T o ta ls.........................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d . * ..............................
U ndivided profits, less losses, cur
rent expenses, interest and ta x es
p a id ...................................................
D ividends un paid..................................
Commercial deposits subject to
c h e c k ...................................................
Commercial certificates of deposit..
Certified c h e ck s......................................
Cashier’s checks o u tsta n d in g ............
S tate m onies on d e p o s it.....................
D ue to banks and bankers................
Savings d ep o sits..............................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red iscou n ted ............
B ills p a y a b le............................................
T o ta ls..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2,635 00
4,429 92
191,992 69
157
STATE BANKS OF MICHIGAN.
No. 165.
T H E U NION TRU ST AND SAVINGS BANK, F L IN T .
Organized Ju ly 11, 1893.
C. T. B r i d g m a n , P r e s id e n t ; 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 , C a s h ie r ;
L. H . B r i d g 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 .— C. T. Bridgm an, W. A. Paterson, M. D avison, W . E . Bram an, F . H . Rankin,
Geo. W. Cook, W. H . Edwards, A. M. D avison.
Resources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep artm en t................
Savings departm en t.........................
Premium a cco u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings...........................
B anking h o u se.......................................
Furniture and fix tu r es........................
Other real e s t a t e ...................................
D ue from other banks and bankers,
not reserve c itie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
D ue from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
E xchanges for clearing house:
Commercial d ep artm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial d ep artm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash ite m s ............
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
R eport of
Report of
June 7, ’l l . Sept. 1, ’l l .
$433,468 38
81,197 79
$348,935 15
77,294 10
$369,303 57
69,219 10
$345,445 29
119,236 24
$286,878 61
44,500 00
1,150,101 16
1,128,737 83
1,126,680 39
1,189,380 24
1,276,600,06
4,486 26
167 21
490 28
1,564 95
714 94
22,000 00
6,500 00
22,000 00
6,000 00
22,000 00
6,000 00
22,000 00
6,000 00
22,000 00
6,000 00
18,700 00
20,350 00
20,350 00
19,550 00
19,550 00
1,957 81
9,421 20
30,000 00
13,238 82
14,242 00
3,995 ¿6
40,599 10
104,573 56
91,533 12
170,018 61
53,954 04
121,764 31
71,700 43
173,415 27
51,290 98
320,531 44
8,922 25
3,010 74
4,629 98
636 09
1,714 92
9,898 00
60,000 00
4,162 00
80,000 00
80,000 00
17,822 00
65.000 00
9,488 00
60,000 00
6,040 00
20,000 00
7,035 00
20,000 00
20,000 00
582 50
35.000 00
2,085 00
40,000 00
4,849 50
11,011 92
529 70
fi,471 14
7,803 70
489 26
292 32
453 57
309 01
619 83
1,154 08
2,903 97
5,879 77
1,447 58
566 03
T o ta ls................................................ $1,974,937 15 $2,002,873 17 $1,944,493 53 $2,089,802 74
$2,154,339 17
L iabilities.
Capital stock paid in .................. ..
$100,000 00
Surplus fu n d ............................................
80,000 00
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
25,098 57
D ividends u n p a id ..................................
25 00
Commercial deposits subject to
250,344 81
c h e c k .....................................................
6,643 54
Commercial certificates of d ep o sit..
Certified checks
..............................
1,500 00
Cashier’s checks o u tsta n d in g ............
State monies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits..................................... 1,012,423 34
Savings certificates of d e p o s it.........
448,901 89
Reserved for ta x es, interest, e tc . . .
N otes and bills rediscounted
....
"Rills p a y a b le............................................
50,000 00
$100,000 00
85,000 00
$100,000 00
85,000 00
$100,000 00
85,000 00
$100,000 00
92,500 00
21,516 82
610 00
20,990 24
105 00
33,865 91
50 00
19,559 91
25 00
328,173 25
8,443 43
2,000 00
245,155 62
12,484 42
311,659 57
5,787 52
286,011 86
6,712 46
998,791 75
458,337 92
1,029,467 45
451,290 80
1,120,398 43
433,041 31
1,137,695 09
511,695 83
139 02
T o ta ls................................................ $1,974,937 15 $2,002,873 17 $1,944,493 53 $2,089,802 74
$2,154,339 17
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S T A T E B A N K IN G D E P A R T M E N T .
158
No. 126.
T H E F IR S T STATE AND SAYINGS BANK O F FLU SH IN G , FLU SH IN G .
Organized N ovember 28, 1891.
F r a n k l i n A . N i l e s , P r e s i d 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. N iles, Ida Packard, Jacob K im m ell, Jas. M. Greenfield, F. D . Sayre.
R esources.
Loans and discounts:
Commercial d ep a rtm en t................
Savings departm en t.........................
Bonds, m ortgages and securities:
Commercial d ep a rtm en t................
Savings departm en t.........................
Premium a c co u n t..................................
O verdrafts................................................
E xpenses, interest and ta x es paid,
exceeding earnings............................
Banking h o u se ........................................
Furniture and fixtures.........................
Other real e s t a te ...................................
D ue from other banks and bankers,
not reserve c it ie s ..............................
Item s in tr a n s it.....................................
U nited States bonds:
Savings departm en t.........................
Due from banks in reserve cities:
Commercial d ep artm en t................
Savings departm en t.........................
Exchanges for clearing house:
Commercial d ep a rtm en t................
Savings departm en t.........................
U . S. and N ational bank currency:
Commercial d ep artm en t................
Savings departm en t.........................
Gold coin:
Commercial departm en t................
Savings departm en t.........................
Silver coin:
Commercial d ep artm en t................
Savings departm en t.........................
N ickels and cents:
Commercial d ep artm en t................
Savings departm en t.........................
Checks and other cash it e m s ............
T o ta ls................................................
Liabilities.
Capital stock paid in ............................
Surplus fu n d ............................................
U ndivided profits, less losses, cur
rent expenses, interest and taxes
p a id ........................................................
D ividends un p aid ..................................
Commercial ‘deposits subject to
check ......................................................
Commercial certificates of d ep o sit..
Certified c h e c k s ......................................
Cashier’s checks o u tsta n d in g ............
State m onies on d e p o s it.....................
D ue to banks and ban kers................
Savings d ep o sits.....................................
Savings certificates of d e p o s it.........
R eserved for taxes, interest, e t c . . .
N otes and bills red isco u n ted ............
B ills p a y a b le ............................................
T o ta ls................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Report of
Report of
N ov. 10, ’10. Jan. 7, ’l l .
Report of
Mar. 7, ’l l .
Report of
Report of
June 7, ’l l . Sept. 1, ’l l .
$23,605 89
63.404 74
$14,770 94
65,970 67
$8,636 16
81,220 29
$3,388 96
81,442 59
$91,347 13
40.405 00
176,567 43
37,745 00
172,879 34
64,345 00
183,453 34
82,432 43
178,719 94
74,432 43
188,705 32
1,500 00
208 50
2,700 00
1,860 00
2,700 00
1,860 00
2,700 00
1,860 00
278 36
2,700 00
1,860 00
473 61
2,700 00
1,860 00
4,236 14
179 30
851 08
886 57
2,834 99
239 72
1,790 91
927 61
2,003 34
3,915 94
28,787 62
12,846 29
41,211 97
23,682 05
37,928 33
15,796 32
34,257 07
14,258 40
43,940 67
6,402 00
1,800 00
6,181 00
2,500 00
3,721 00
2,500 00
9,465 00
2,500 00
8,104 00
3,000 00
5,405 00
8,330 00
450 00
7,830 00
8,290 00
450 00
7,875 00
1,097 80
200 00
885 50
50 00
830 30
480 00
178 85
50 00
1,227 90
148 45
1,791 21
80 27
1,711 18
18 46
431 10
20 00
58 64
1,678 00
42
225
@FedFRASER