Fraternity-Testvériség, 1972 (50. évfolyam, 1-12. szám)

1972-07-01 / 7-9. szám

CANADA

1968-69-70-71

Year

Given

Balance on first of Yr.

New Loans

New Balance

Interest

Principal

Balance at end of year

1967

1968

$ 145,304.56

$ 86,500.00

$ 231,804.56

$ 12,242.98

$ 10,594.02

$ 145,304.56 221,210.54

1969

221,210.54

35,000.00

256,210.54

12,925.90

18,667.92

237,542.62

1970

237,542.62

237,542.62

14,387.35

19,012.00

218,530.62

1971

218,530.62

218,530.62

12,673.40

13,975.13

204,555.49

Total

$ 121,500.00

$ 52,229,63

$ 62,249.07

$ 204,555.49

STATEMENT OF MORTGAGE INCREASE 1968-69-70-71

U.S.A. Canada Total

Balance, December 31, 1971 ....................................................................................... $5,789,97488 + $204,555.49 = $ 5,994,530.37

Balance, December 31, 1967 ....................................................................................... 6,288,218.07 + 145,30456 = 6,433,522.63

Increase or decrease since 1967 ............................................................................... $- 498,243.19 + $ 59,250.93 = $- 438,992.26

b. Certificate Loans

These are loans on members’ certificates, kept on file in the Office of the Controller.

V. REAL ESTATE

SUMMARY OF REAL ESTATE December 31, 1971

a. Property occupied by the Federation:

III. Branch Office, Bethlehem, Pa....$ 92,719.94

IV. Branch Office, Cleveland, 0...... 71,070.72

V. Home Office, Washington, D.C... 408,514.03

VI. Branch Office, Detroit, Mich 17,504.03

VIII. Branch Office, Columbus, 0...... 28,921.52 $618,730.24

b. Property acquired in satisfaction of debt:

XI. Chino, California .......................$ 33,808.63

XIV. Newark, New Jersey ................... 109,508.55 143,317.18

Total Real Estate owned by

Federation, Dec. 31, 1971 ....................................... $762,047.42

VI. DUE FROM BRANCHES, ESCROW AGENT & NOTE RECEIVABLE:

A record is kept by the Controller.

VII. STATEMENT OF LEDGER ASSETS:

Our Federation’s Ledger Assets in the past four years increased from $14,913,124.78 in 1967 to $16,991,712.54 in 1971, an increase of $2,078,587.76. The increase over the previous four year period of 1963-67 was $1,098,091.51. This increase was due to better yielding investments, both in bonds and mortgages by the Investment Committee. We shall continue to be selective in our investments in the future.

Our ratio of assets to liabilities increased from 111.46% in 1967 to 113.36% in 1971, and the ratio of net investment income to mean assets from 4.27% in 1967 to 4.96% in 1971.

VII.

SUMMARY OF LEDGER ASSETS 1968-69-70-71

Balance Total Year end

Forwarded Increase Increase Balance

Balance, Dec. 31, 1967:

U. S. A......................................................................................................................................................................................... $14,622,196.37

Canada ........................................................................................................................................................................................ + 290,928.41

$14,913,124.78

Year 1968

U. S. A........................................................................ $14,622,196.37 + $ 388,163.68 = $15,010,360.05

Canada ........................................................................ 290,938.41 + 43,460.05 = + 334,388.46

$14,913,124.78 + $ 431,623.73 = $15,344,748.51

Year 1969

U. S. A......................................................................... $15,010,360.05 + $ 538,773.68 = $15,549,133.73

Canada ........................................................................ 334,388.46 + 42,119.36 = + 376,507.82

$15,344,748.51 + $ 580,893.04 = $15,925,641.55

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