The Austin Daily Herald from Austin, Minnesota on January 5, 1959 · Page 5
Get access to this page with a Free Trial

The Austin Daily Herald from Austin, Minnesota · Page 5

Publication:
Location:
Austin, Minnesota
Issue Date:
Monday, January 5, 1959
Page:
Page 5
Start Free Trial
Cancel

Home Federal Savings & Loan Sets Another New Record in 58 Resources Now More Than Twenty-Two Million Dollars! THE LARGEST SAVINGS & LOAN ASSOCIATION IN MINNESOTA OUTSIDE OF THE TWIN CITIES AND DULUTH 50th SEMI-ANNUAL STATEMENT OF CONDITION (AS OF CLOSE OF BUSINESS DECEMBER, 31, 1958) Afftr Payment of Dividend* RESOURCES LIABILITIES First Mortgage Loans on Homes 18,182,875.67 This Association holds first mortgages on homes on which monthly payments ore made by borrow«rs until the property is dsbt free. Loans Secured by Savings Accounts 357,434.42 Prepaid Insurance Premiums 1,719.76 Leasehold Improvements, Furniture and Fixtures 85,155.82 Site for Future Branch Office Building 29,000.00 Federal Home Loan Bank Stock .. 370,000.00 United States Government Bonds 2,448,301.63 Cash tn Banks 528,301.65 Quick Assets 3,346,603.28 3,346,603.28 TOTAL .,,„....,,. ...,,, ,., 22,002,788.95 Savings Accounts 20,255,676.51 Fund* Inverted in thl» Association by Individual! and firm*. Loans In Process of Disbursement 423,965.54 Amounts due to borrower* upon completion of their loan*. Reserves and Undivided Profits 1,323,146.90 Funds set aside for additional protection to investors. TOTAL ..,.. t ... .,...,. .. .„.„, u; 22,002,788.93 INSURED SAFETY Under on act of Congress, Public Low No, 797, each Investor's aawunl in this Association is automatically ond permanently Insured against loss up to $IO> 000.00 by on Instrumentality of the United States Gavtmment. Each Account Is Automatically and Permanently Insured Up To $10,000.00 By An Instrumentality Of The United States Government For Your Added Protection. OPEN YOUR ACCOUNT TODAY! FINANCE YOUR HOME THE HOME FEDERAL WAY! 380,000.00 IN DIVIDENDS DISTRIBUTED FOR THE LAST SIX MONTHS Join the Thrifty Savers at Friendly Home Federal! Home Federal Savings and Loan ASSOCIATION 129 North Main Street * Austin, Minnesota HOMI OfflCISl JPRIKU VAUJY, MINK. HI 3-3431

What members have found on this page

Get access to Newspapers.com

  • The largest online newspaper archive
  • 11,100+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free