The Coral Gables Times

Your Confidence and Thrift have made FIRST FEDERAL the South's First Savings and Loan Association to exceed 300 MILLION Dollars in Assets...

"Passing the 300-million-dollar mark in assets is an historic achievement in the Savings and Loan Industry of the South." The people of Dade County deserve the great share of credit for this accomplishment. Their confidence in FIRST FEDERAL and their faith in the progress of our dynamic community have created this local institution of great financial strength. More than 245,000 persons have chosen the FIRST FEDERAL of Miami for their savings, not only because of the convenience and friendly service of its five offices, but also because of the extra measure of security which its resources provide. These people know that sound and experienced management have made possible the largest reserves of any savings institution in the South, a factor which gives them extra safety and assurance that FIRST FEDERAL will continue paying liberal dividends. If you are not one of the thousands who are enjoying the many benefits of saving at America's Oldest Federal, we cordially invite you to visit one of our conveniently located offices. Discover for yourself why the confidence of so many has enabled FIRST FEDERAL to reach this new milestone in strength and safety. W. H. Walker W. H. Walker, Chairman First Federal Savings and Loan Association of Miami Member: Federal Savings and Loan Insurance Corporation • Federal Home Loan Bank System where People come First FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF MIAMI STATEMENT OF CONDITION as of commencement of business May 16, 1961 (¢ omitted) Assets Cash on Hand and in Banks... | $5,165,570 U.S. Government Bonds... | 28,795,243 U.S. Government Agency Obligations | 9,455,437 | $ 43,416,250 First Mortgage Loans... | 244,917,994 Federal Home Loan Bank Stock | 3,700,000 Real Estate Owned... | 1,572,119 Buildings, Equipment and Parking Lots... | 5,795,092 Loans on Savings Accounts... | 2,373,535 Prepaid Items and Other Assets | 307,805 Total Assets... | $302,082,795 Capital and Liabilities Savings Accounts... | $262,717,056 Federal Home Loan Bank Advances... | 4,763,873 Loans in Process... | 3,134,071 Other Liabilities... | 704,176 Specific Reserves... | 1,611,470 Reserve for Dividends... | 3,703,000 Surplus and General Reserves... | 25,449,149 Total Capital and Liabilities | $302,082,795 Note: Certain items of income and expense have been prorated for the purpose of this statement on the basis of half their anticipated monthly amounts. BOARD OF DIRECTORS W. H. Walker, chairman H. H. Chapman Otto H. Goll Phil. J. Laurence W. E. Nicholson J. D. Ramsey R. V. Walker W. H. Walker, Jr. 4% per Year on Savings Current Dividend Rate NOTICE: Because June 10 falls on Saturday, funds received at FIRST FEDERAL up to and including Monday, June 12, will begin to earn dividends as of June 1. PUT YOUR SAVINGS TO WORK NOW AT FIRST FEDERAL.