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<p>[QUOTE="KBBPLL, post: 24666854, member: 104064"]The building at Monroe & Ionia was built in 1916 and the bank had moved in by 1917, so that gives you an earliest date. The chart in this article <a href="https://advisor.visualcapitalist.com/us-interest-rates/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://advisor.visualcapitalist.com/us-interest-rates/" rel="nofollow">https://advisor.visualcapitalist.com/us-interest-rates/</a> shows interest rates stable around 3.5% from about 1910-1918, then a sharp spike, then bouncing around 3-4% in later 1920s until the Depression years. Interest rates didn't get back above 3% until the late 1950s. The Federal Reserve system was created in 1913, so is "A New Saving System" a reference to that? If so, and the interest rate chart is accurate, that would place the token around 1917-1918. Just a wild guess. I can't find anything saying what happened to Grand Rapids Savings Bank. It says First Community Bank on the building now, which opened an office in Grand Rapids following a merger with Select Bank (<a href="https://www.mlive.com/business/west-michigan/2012/11/harbor_springs_bank_completes.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.mlive.com/business/west-michigan/2012/11/harbor_springs_bank_completes.html" rel="nofollow">https://www.mlive.com/business/west-michigan/2012/11/harbor_springs_bank_completes.html</a>)[/QUOTE]</p><p><br /></p>
[QUOTE="KBBPLL, post: 24666854, member: 104064"]The building at Monroe & Ionia was built in 1916 and the bank had moved in by 1917, so that gives you an earliest date. The chart in this article [URL]https://advisor.visualcapitalist.com/us-interest-rates/[/URL] shows interest rates stable around 3.5% from about 1910-1918, then a sharp spike, then bouncing around 3-4% in later 1920s until the Depression years. Interest rates didn't get back above 3% until the late 1950s. The Federal Reserve system was created in 1913, so is "A New Saving System" a reference to that? If so, and the interest rate chart is accurate, that would place the token around 1917-1918. Just a wild guess. I can't find anything saying what happened to Grand Rapids Savings Bank. It says First Community Bank on the building now, which opened an office in Grand Rapids following a merger with Select Bank ([URL]https://www.mlive.com/business/west-michigan/2012/11/harbor_springs_bank_completes.html[/URL])[/QUOTE]
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