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ANNUAL REPORT
OF THE

Superintendent of Banks
RELATIVE TO

SAVINGS BANKS, TRUST COMPANIES, INVESTM ENT
COMPANIES, SAFE DEPOSIT COMPANIES,
PERSONAL LOAN COMPANIES AND
PERSONAL LOAN BROKERS

FOR THE YEAR 1916

TRANSMITTED TO THE LEGISLATURE MARCH 14, 1917

ALBAN Y
J. B. LYON COM PANY, PRINTERS




1 9 17




S

tate

of

N

Y

ew

ork

Ho. 45

IN

S E N A T E
M a r c h 14, 1917.

ANNUAL REPORT
OF THE

Superintendent of Banks, Relative to Savings Banks, Trust
Companies, Investm ent Companies, Safe Deposit Com­
panies, Personal Loan Companies and Personal Loan
Brokers

S T A T E OE H E W Y O R K
B a n k in g D e p a r t m e n t
A l b a n y , March 14, 1917

To the Honorable, the President o f the Senate:
S ir .— In accordance with the provisions o f the Banking Law,

I have the honor to transmit to the Legislature the annual report
o f this Department relating to savings hanks, trust companies,
investment companies, safe deposit companies, personal loan com­
panies and personal loan brokers.
Very respectfully yours,




E U G E H E L A M B R IC H A R D S

Superintendent o f Banks




REPORT
To the Legislature:
In accordance with the provisions o f the Banking Law, I hereby
submit that portion o f the annual report o f this department which
relates to savings banks, trust companies, investment companies,
safe deposit companies, personal loan companies and personal
loan brokers.
G en e r a l B a n k in g S itu a t io n

The general marked improvement in the condition o f the insti­
tutions under the supervision o f the New Y ork State Banking
Department continual during 1916. The resources o f all the insti­
tutions under my supervision on January 1, 1917, totaled
$5,926,545,088 which, based on recent compilations, is approxi­
mately 20 per cent o f the total resources o f the banking institu­
tions under supervision in the United States. The resources of
the institutions under supervision o f the New Y ork State Bank­
ing Department M ay 9, 1914, when I assumed office, based on
their last call for reports, aggregated $4,430,376,988, showing an
increase in resources in less than three years o f $1,496,168,100 or
33.7 per cent. The increase during the past year was $505,886,941. It is gratifying to report that many o f the institutions
under my supervision have taken advantage o f the prosperity they
have enjoyed by using some o f their large earnings to eliminate
questionable assets and by increasing their capital and surplus.
F in a n c ia l R esources

of

B a n k in g I n stitu tio n s

in

N ew Y

ork

S tate

The strong position o f the financial institutions in New Y ork
State is emphasized in statistics compiled by the Comptroller of
the Currency. On July 1, 1916, the 986 institutions in this State,
including the National Banks, had total resources of $9,116,184,000 or more than 28 per cent, o f the total resources o f institutions
reporting in the United States. W ith the population of N ew York
State about 9,700,000, it would appear that the institutions in
New Y ork State held $940 for each inhabitant. That the average



6

A n n u a l R eport op t h e

per eapita is in excess o f this amount is evident when it is
taken into consideration that the $80,000,000 o f resources o f Sav­
ings and Loan associations in New Y ork State, and the enormous
resources o f hankers who are not under supervision, but who are
depositaries for the funds o f large corporations, and even o f foreign
governments, are not included in the statistics compiled by the
Comptroller o f the Currency.
A total o f 27,513 banking institutions in this country, exclusive
o f the 12 Federal Reserve banks, reported on June 30, 1916,
resources amounting to $32,271,237,696, or an average o f $1,173.000 for each institution reporting. For the same period 204
State banks o f deposit and discount, 87 trust companies, 141 sav­
ings banks and 77 private bankers under the supervision o f the
New Y ork State Banking Department reported resources o f $5,
512,468,206 or over 17 per cent, o f the total resources o f institu­
tions in the United States, as compared with 16.8 per cent, in
1915. The average resources o f the institutions under the super­
vision o f the New Y ork State Banking Department in 1916 was
$10,830,000, as compared with $10,000,000 in 1915.
The 19,934 state institutions in this country reported on June
30, 1916, resources o f $18,344,369,696, o f which the 509 New
Y ork State institutions mentioned contributed 30 per cent. The
State banks o f New Y ork State had on the same date 1 4 % per
cent, o f all the resources o f the State Banks o f Deposit and Dis­
count o f the country. The total resources o f the trust companies
in New York state were nearly 37.5 per cent, o f the total resources
o f all trust companies in the United States.
The 622 M utual Savings banks in the U nited States reported at
the end o f June resources aggregating $4,547,941,986, o f which
$2,053,171,981 or 45 per cent, o f the country’s total was made
up from the resources o f the 141 savings banks o f N ew Y ork State.
According to the figures o f the Comptroller of the Currency, the
total gain in resources o f all institutions reporting in the country
on June 30, 1916, was $4,467,108,000 o f which $2,335,925,000
was contributed by State institutions in the country and $2,131,183.000 by the N ational banks. The increase o f State institutions
outside N ew Y ork fo r the year was 13.2 per cent, while the State



S u perin ten d en t

of

B an k s

7

institutions under the supervision o f the New Y ork State Banking
Department showed a gain during the same period o f $840,000,000 or 18 per cent.
The Comptroller o f the Currency has been calling attention to
various statistics in recent circulars, from which it appears that
the National hanks o f the State had total resources last September
o f $8,608,303,000 so that the total resources o f the State institu­
tions o f this State exceed by over $2,300,000,000 the total resources
o f the national banks. There were 25 national hanks in the State
last November which had total resources o f over $20,000,000 each.
There were 57 State institutions which had total resources o f over
$20,000,000 each, while in the United States there were only 99
national banks with resources exceeding that amount.
According to the Comptroller’s statement, the total resources of
all the National Banks o f the United S ta te were a little over fif­
teen and a half billions o f dollars as against approximately six
billions o f dollars o f the State institutions,o f New Y ork alone and
nine and one-half billions o f dollars in the combined institutions
o f this State. In other words, all the national banks outside o f the
State o f New Y ork would have less than twelve billions of
resources as against over nine and one-half billions o f resources
in New Y ork State institutions.
The capital, surplus and undivided profits computed on the
market value o f investments o f the State banks, trust companies
and private bankers o f New Y ork State on July 1, 1916, totaled
$371,455,236. O f this amount $127,589,090 was capital and
$243,866,236 was surplus and undivided profits. The surplus,
based on market value o f securities o f the savings banks in this
State on the same date, amounted to $168,986,926, making a grand
total o f capital, surplus and undivided profits o f $540,442,162 or
11.7 per cent, o f $4,609,132,183 capital, surplus and undivided
profits o f all banking institutions reporting in the United States.
T h e T rust C o m pan ies

During 1916 nine hew trust companies were authorized, making
a total o f 90 such institutions which reported on November 29 th last,
the date o f the last call fo r reports. S ix national banks were con­
verted into trust companies, while one national bank was taken



8

A n n u a l R epoet of t h e

over for liquidation by a trust company. One state bank was
converted into a trust company.
Total resources o f the trust companies November 29,191 6, were
$2,744,317,081 as compared with $2,532,892,786 on December
31, 1915, a gain for the year o f $211,424,295, or 8.3 per cent.
The rapid growth o f trust companies is being emphasized
annually. On November 14, 1906, 87 trust companies reported
resources o f $1,375,554,017. It should be noted that in ten years,
with but three more trust companies, resources have doubled.
Since January 1,1897, when 39 trust companies reported resources
o f $396,742,947, this item has grown in 20 years nearly seven-fold;
in fact, the resources o f one o f the New Y ork City trust com­
panies at the present time exceeds by nearly $200,000,000 all the
resources o f 39 trust companies which reported to the department
in 1897.
Total deposits November 29,1916, amounted to $2,325,375,624,
an increase for the year o f $124,798,513, or 5.6 per cent. This
increase in deposit liabilities, together with a loss o f nearly
$100,000,000 in cash (including amounts due from banking insti­
tutions) is offset by increases in stock and bond investments o f
$20,313,149, loans and discounts $180,417,278, and other assets
o f $78,630,592.
The capital o f the trust companies on November 29, last, totaled
$94,600,000, a gain o f about $15,000,000 for the year. This item
will show further gain as a number o f the larger New Y ork City
trust companies have already expressed their intention o f increas­
ing their capital stock so as to maintain a fair ratio to their deposit
liabilities, a policy which I think worthy o f endorsement. Surplus,
including all undivided profits on market value, totaled $198,865,173, an increase for the year o f $22,120,312 as compared
with a gain o f $14,192,818 in 1915.
W ith total capital on November 29, 1916, amounting to $94,600,000 and surplus, based on market value o f securities, aggre­
gating $198,865,173, or a total o f $293,465,173, and with deposit
liabilities o f $2,325,375,624, the ratio o f capital, surplus and
undivided profits, to aggregate deposits was 12.6 per cent., as com­
pared with 11.6 per cent, for 1915 and 11.3 per cent, for 1914.
During the year many trust companies took advantage o f their



S u perin ten d en t

op

9

B an k s

large earnings and strengthened their position by marking down
book values o f real estate, furniture and fixtures, and doubtful
loans, thus materially improving their condition.
T rusiT C o m p a n y S ta t istic s

Following is a summarized statement o f resources and liabilities
of the trust companies reporting to the Banking Department on the
dates specified during the past three years:

R esources

Stock and bond investments, viz,:
Public securities, market value....................
Private securities, market value...................
Real estate owned.................................................
Mortgages owned..................................................
Loans and discounts secured by bond and mortgage, deed or other real estate collateral.......
Loans and discounts secured by other collateral.
Loans, discounts and bills purchased not secured
by collateral.......................................................
Overdrafts..............................................................
Due from trust companies, banks and bankers..
Specie.....................................................................
United States legal tender notes and notes of
national banks...................................................
Cash items, viz.: bills and eheeks for next day’s
clearings; other cash item s...............................
Customers’ liability on acceptances (per contra.
see liabilities).....................................................
Amount of assets not included in any of the
above items........................................................
Add for cents.........................................................

December 24,
1914

December 31,
1915

*96,258,534
340,511,568
42,245,370
94,302,392

*152,415,058
399,358,674
42,876,395
90,227,621

*166,233,694
405,853,187
44,089,906
90,575,141

13,860,654
562,879,332

14,111,208
873,687,227

16,073,587
960,764,762

208,212,787
142,360
187,730,417
90,874,350

254,895,957
240,574
377,764,170
137,583,660

346,273,321
301,251
272,481,082
143,119,311

16,123,335

13,917,573
1,261,416

19,757,285
1,898,234

16,116,106

66,823,938

61,786,659

23,542,185

50,007,219

78,756,972

47,799,007
40

57,722,053
43

136,352,645
44

November 29,
1916

Total resources.............................................. *1,740,598,437 *2,532,892,786 *2,744,317,081
L ia b il it ie s

Capital...................................................................
Surplus, including all undivided profits, on
market value......................................................
Preferred deposits:
Due New York State savings banks............
Due New York State savings and loan associations, credit unions and land b a n k .. . .
Due as executor, administrator, guardian,
e t c .....................................................................................

Deposits by the State of New Y ork............
Deposits by Superintendent of Banks of
State of New Y ork....................................
Other deposits preferred because secured by
a pledge of assets.......................................
Deposits otherwise preferred........................




*80,400,000

*79,600,000

*94,600,000

162,552,043

176,744,861

198,865,173

56,105,624

70,422,938

78,410,809

379,660

437,852

939,788

50,337,961
9,197,280

127,855,727
7,849,731

115,586,646
16,055,819

1,997,139

1,474,284

1,143,437

7*671,015
1,106,852

7,127,189
6,269,379

9,892,149
2,699,979

10

A n n u a l R epo rt

of the

December 24,
1914

T-IABIUTIlliS

Amount due trust companies, banks and bankers

Acceptances of drafts payable at a future date or
authorized by commercial letters of credit___
Other liabilities......................................................
Add for cents.........................................................

December 31,
1915

*1,209,181,342 *1,751,588,393
101,054,111
227,551,618
885,316
369,000
36,972
1,022,957
23,542,185
35,164,912
40

49,881,027
25,683,772
43

November 29,
1916

1,858,464,918
242,182,079
75,000
27,254
78,767,347
46,606,639
44

Total liabilities.............................................. *1,740,598,437 *2,532,892,786 *2,744,317,081
Total deposits........................................................ *1,437,030,984 *2,200,577,111 *2,325,375,624

T h e S avings B an k s

The savings banks o f the State experienced one o f the most pros­
perous years o f their existence. The resources o f these institu­
tions at the end o f 1916 totalled $2,139,299,037.51, an increase
o f $165,252,661.89, or 8.3 per cent, over 1915. That these institu­
tions have experienced a rapid growth is indicated by the fact that
on January 1, 1897, 128 savings banks in this .State reported
resources o f $812,173,632.37 which, when compared with the
resources o f savings banks on January 1, 1917, show an increase
in twenty years o f $1,327,125,405.14, or 163.4 per cent. The gain
in resources since January 1, 1907, or in ten years, is $674,348,204.11, or 46 per cent.
The deposits on January 1, 1917 totalled $1,053,663,728.55, a
gain for the year o f $134,456,790.64, or 7.3 per cent. Dividends
credited to depositors during 1916 amounted to $68,782,450.75.
These figures indicate an average deposit o f $571.70, as compared
with $560.90 for the previous year.
On January 1, 1867, the 86 savings banks o f New York State
had total deposits o f $131,769,074, due to 488,501 depositors,
while on January 1, 1917, two savings banks in this State had
320,799 depositors who had $268,031,816.64 on deposit with these
institutions. The average for each depositor in 1867, or fifty
years ago, was $270.10, while the average deposit in the two sav­
ings banks referred to was $835.50.




S u pe r in te n d e n t

of

11

B an ks

The withdrawals during the year aggregated $422,988,549.24,
which is $6,919,553.34 less than the amount withdrawn during
1915. The amount deposited during the year, not including divi­
dends credited, totaled $488,678,661.47, an increase o f $76,176,298.15 over the amount deposited in 1915.
Savings hanks report 173,950 new depositors during the past
year, making a total on January 1st last o f 3,417,312 depositors.
During 1915 the increase in depositors was 72,057.
The surplus o f savings banks shows an increase o f $30,801,624.01, making the total surplus on January 1, 1917, $184,925,791.52, as compared with $154,124,167.51 on January 1, 1916.
The ratio o f surplus, based on market value o f securities, to deposit
liabilities, on January 1, 1917, was 9.46 per cen t, a gain o f 1
per cent, for the year.
C o n ditio n

of

S avings B an ks

Resources
Bonds and m ortgages..................
Stock and bond investm ents:
U nited States..................... .................................
D istrict o f C olum bia..........................................
New Y ork S tate..................................................
Bonds o f other States........................................
Bonds o f cities in other S t a te .........................
Bonds o f cities in this S tate.............................
Bonds o f counties in this S tate........................
Bonds o f tow ns in this S tate............................
Bonds o f villages in this S tate.........................
Bonds o f school districts in this State............
Railroad m ortgage bon d s..................................
Bonds o f Land Bank o f the State o f New
Y ork ...................................................................

$1,09 1 ,5 4 0 ,46 4 99
$535,W 0
160,000
22,980,000
42,378,904
146,531,809
223,308,384
21,292,442
8,7 56 ,5 3 5
19,619,288
8,7 55 ,0 6 3
353,592,958

00
00
00
00
78
58
56
54
28
87
47

195,000 00

T otal par value o f stocks and b o n d s ...

$848,105,387 08

Am ount o f stocks and bonds at present cost
as determ ined b y am ortization....................
Am ount o f stocks and bonds at original cost.

$870,333,396 06
885,644,427 99

Estim ated market value o f stocks and bonds....................................
Prom issory notes payable on dem and.................................................
Banking houses and lots at actual cash value...................................
Other real estate at actual cash valu e.................................................
Cash on deposit in banks and trust com panies.................................
Cash on hand............................................................................................
T otal o f collectible interest....................................................................
Other assets...............................................................................................
T otal resources




837,919,017
1,730,763
19,151,053
12,903,208
138,236,737
13,019,452
2 4 ,441,716
347,622

31
00
91
97
14
62
70
87

$2,139,299,037 51

12

A n n u a l R e p o st

op th e

Liabilities
Am ount due depositors........................................................................... $ 1 ,953,663,728 55
Other liabilities..........................................................................................
709,517 44
184,925,791 52
Surplus on estim ated market value o f stocks and bon d s...............
T otal liabilities.................................................................................. $2,13 9 ,2 9 9 ,03 7 51
Surplus on par value o f stocks and bonds..........................................

$194,931,903 51

Statistical items
Num ber o f open accounts................................... ...................................
Num ber o f accounts opened or reopened during the year..............
Number o f accounts closed during the yea r.......................................
Am ount deposited during the year, not including dividends
credited............................................................................................ ..
Am ount withdrawn during the year....................................................
Am ount o f dividends paid and credited during the year................
Salaries paid for the y ea r.......................................................................
Expenses other than salaries for the y ea r...........................................

3,417,312
633,407
459,457
$488,678,661
422,988,549
6 8,782,450
3 ,4 19 ,3 6 6
4 ,2 53 ,4 9 9

47
24
75
61
82

I m po rtan t I ncrease ^

A comparison o f certain salient features o f the savings hank
transactions o f the last three years follow s:
Gain shown
by 1914
reports over
1913

Gain in open accounts...............................
27,851
Gain in resources....................................... *$14,129,757 84
Gain in amount due depositors................
29,803,491 53
Increase in market value surplus.............
22,915,321 71
Gain in par surplus...................................
12,956,596 97
Gain in dividends paid or credited..........
2,551,679 46
Gain in amount deposited during year... *29,647,942 70
Increase in amount withdrawn during
year.........................................................
*4,654,612 90

Gain shown
by 1915
reports over
1914

Gain shown
by 1916
reports over
1915

72,057
$61,841,801 70
47,705,979 85
14,419,839 01
12,322,918 53
1,900,914 00
2,226,673 99

173,950
$165,252,661 89
134,456,790 64
30,801,624 01
11,922,349 46
3,657,827 39
76,176,298 15

*13,711,185 03

*6,919,553 34

* Decrease.

Savings Bank Dividend Bates
The rates o f dividends paid by the savings banks o f the State in
January and July, 1916, and in January, 1917, are shown in the
following table:
January,
1916

Num ber paying
Num ber paying
Num ber paying
Num ber paying
Num ber paying

4 per cen t..........................................
4 and 4 f per cen t...........................
3§ per cen t.......................................
3 and 4 per ce n t..............................
3§ and 4 per ce n t...........................




101
2
29
5
3

July,
1916

104
2
28
5
2

January,
1917
104
2
28
5
2

S uperin ten d en t
I m po r ta n t R u lin g

by

op

B an k s

13

A t to rn ey -G en eral

Attorney-General Egburt E. Woodbury, recently rendered an
opinion o f vast importance to tbe savings banks o f New York
State, in which he held that national banks are not authorized by
the Federal Reserve Act, to use the words “ savings department ”
or similar terms, to designate departments operated along the lines
o f savings banks. The use o f the term “ savings,” the AttorneyGeneral held, would constitute an invasion o f the province o f the
savings banks. It has been the practice o f this Department where
any national bank, trust company or State bank, attempted to
use the word “ savings,” to notify them that such was a violation
o f the law and unless the advertisements were discontinued, we
would refer the matter to the Attorney-General to commence an
action to collect the penalty provided by law. In all such cases
the advertisements have been discontinued.
In his opinion, Attorney-General Woodbury, quotes the specific
prohibition in section 279 o f the State Banking Law against the
use o f the word “ savings ” by any bank other than a savings bank.
The Attorney-General contends, that the Federal Reserve A ct does
not supersede the State Banking Law in this particular and adds:
“ W e cannot deny the right o f national banks to receive
deposits in the form o f ‘ savings accounts/ but we feel quite
certain that the above language does not empower such banks
to do a 1saving bank business ’ as that business has come to be
generally understood throughout the country; and therefore
we are o f the view that the State statute (section 279, Bank­
ing L aw ), is still operative against the use o f the word £ sav­
ings ’ by any bank other than a savings bank.
“ National banks are in the first place commercial banks
as distinguished from savings banks.
The relationship
between the savings depositor and the bank in the case of
national bank is that o f debtor and creditor rather than that of
trustee and cestui que trust as in a savings bank, and the funds
in the latter instance are protected by stringent rules as to
investment.
“ The words ‘ savings bank ’ have accordingly come to have
a special meaning to small savers as denoting this increased
protection to their deposits, and they would be deceived by its



14

A n n u a l R eport

of t h e

use by other, banks. A s Congress did not, we believe, intend to
authorize a national bank to do business as a i saving bank/
so it did not intend to interfere with any safeguards for the
small savings depositor which the State may have devised to
protect him.
“ It may be stated also that it is the duty o f the AttorneyGeneral to sustain State statutes such as section 279 o f the
Banking Law unless he is convinced that such legislation is
no longer o f force.
“ In conclusion section 19 o f the Federal Reserve Act con­
cerns itself only with the reserve necessary to protect different
forms of deposit. N o sanction is found therein for the use
o f the word ‘ saving department5 by national banks in their
business.”
E ncouraging T h r if t

Savings bank officials in several parts o f the State have been
successful in their efforts to promote thrift among school children
and workmen. Recently I received a letter from the president o f
one o f the largest up-state savings banks, explaining in detail
the methods pursued. Touching on the cpiestion o f promoting
thrift among school children, the letter says:
“ On every Monday morning such pupils as wish to make a
deposit receive from the teacher a blank which is to be filled
out in ink and returned to the teacher with their deposit,
which must not be less than five cents. The teacher receives
the money, hands to the pupil a slip marked ‘ duplicate/
which the pupil keeps as a receipt. The money and deposit
slips are then put in an envelope and delivered to the prin­
cipal, who puts them in a bag and securely locks it, he having
one key and the bank a duplicate. The money is delivered
by the principal or a trusted pupil at the bank each day. The
money is counted at the bank and an account opened in the
name o f the pupil. This operation continues from week to
week, and as soon as the pupil has a credit on the bank’s
books o f one dollar or more, he or she is entitled to a pass
book and becomes a regular depositor in the bank. It is
growing by leaps and bounds. T o date we have over nine



S u perin ten d en t

op

B an k s

15

thousand children in high schools, grammar schools and
parochial schools who have deposits, amounting to over
$32,000. Over four thousand pupils have pass books repre­
senting a deposit o f one dollar or more.
“ These results have been accomplished by personal appeals
to the children. I have spoken at a great many schools in
our city, and the personal appeal has been followed by numer­
ous letters and other legitimate means o f encouraging the
school children in this enterprise. It is greatly appreciated
by the parents, who have been encouraged to start accounts
themselves.
“ A fter the school matter was started, we made an effort in
a larger way to impress upon the employees in our large
industries, the value o f saving. Through the courtesy o f the
officers o f many o f them I have been permitted to speak to
the employees from time to time, telling them o f the great
benefits which thrift would bring them in the days when
their ability to earn would be lessened, and we have accumu­
lated a large amount o f money in this way. The method is
simple; a slip is signed by the employee instructing the
cashier to deduct so much per week from his or her wages to
be deposited in our bank. Borne trusted employee is put in
charge o f the work o f making collections and keeping the pass
book. The pass book is subject to demand at any time by
the owner, and the practice o f deducting from wages would
be discontinued at the request o f an employee.
“ It is a great field — a field upon which savings banks I
have felt should enter into; it is the underlying purpose of
their organization. I believe that i f the savings bank men in
general would preach this gospel, many thousands o f men and
women in our State would have a sufficiency for their old age.
“ The ear marks o f our work are appearing all around us.
Superintendents o f schools in neighboring towns and officers
o f grange societies appeal to ns to come and talk to their
pupils and members about this work. The field is endless,
and i f the people once get the habit o f saving firmly estab­
lished, they commence to live in a more moderate way, find­
ing that things they considered necessities in the past were in



16

A n n u a l R eport

of t h e

reality luxuries. It seems to me that if there ever was a time
when slowing down on expenses and general style o f living
were needed, it is at present.”
H y po t h e c a t io n

of

A ssets

The policy o f the Department in discouraging the practice of
the hypothecation o f assets has resulted in almost the entire elim­
ination o f the item o f bills payable. On November 29th last, the
total amount o f bills payable reported by trust companies o f this
State was only $75,000.
A cceptan ces

The privilege granted trust companies o f accepting for demand
at future dates drafts drawn on them by the customers continues
to prove popular, this item totalling $78,767,347, an increase for
the year o f $28,749,753. These bills are in most cases drawn
against actually existing values, and as such are considered by the
Federal Reserve Bank as prime paper, eligible for re-discount.
P ersonal L oan C o m pan ie s

and

B rokers

A t the close o f the year there were twenty-five personal loan com­
panies and personal loan brokers under the supervision o f the
Superintendent o f Banks with a combined capital of $735,275, as
compared with twenty-one companies and brokers with a combined
capital o f $655,275 reporting at the close o f 1915. During the
past year six authorization certificates were issued and two author­
izations previously granted were revoked.
Where the rate o f interest charged is greater than 6 per cent,
per annum, personal loan companies and personal loan brokers
are restricted in loaning to any one individual at one time to a
sum not exceeding $200 and there is a fixed maximum rate of
interest on all loans according to their class.
I n v e stm e n t C o m pan ie s

Three new Morris Plan companies, located in the cities o f B u f­
falo, Syracuse and Schenectady, were authorized during 1916.
Three other investment companies were organized in New York
city to pursue other activities.



S u perin ten d en t

of

17

B an k s

During the year the Morris Plan Company o f New Y ork was
authorized to maintain two additional branches.
The resources o f all investment companies under the supervision
o f this Department on January 1, 1917, totalled $31,500,000.
I n stitu tio n s U n der

the

S upervision

of t h e

B a n k in g

D epartm ent

The number o f institutions under the supervision o f the New
Y ork State Banking Department continues to increase. A t the
close o f the year the total number o f such institutions was 1,122,
an increase o f 50 over the number reported at the close o f 1915.
The trust companies alone show an increase o f nine. A number
o f national institutions o f the State have been converted into State
institutions.
W ith 1,122 institutions under supervision, it is mandatory for
the Superintendent o f Banks to make in each year at least 1,647
examinations, in compliance with the provisions o f section 39 of
the Banking Law. The law requires banks o f deposit and dis­
count, trust companies, and 77 o f the 88 private bankers operating
in this State, to be examined at least twice a year. It is also
necessary to make in addition many special examinations.
The following table gives the number o f institutions under the
supervision o f this Department, January 1, 1917:
Banks o f deposit and discount...................................................................................
Banks o f deposit and discount (branches)...............................................................
Private bankers..............................................................................................................
Trust com panies............................................................................................................
Trust com panies (branches)........................................................................................
Savings banks............................. ; .................................................................................
Safe deposit com panies.................................................................................................
Safe deposit com panies (branches)............................................................................
Investm ent com panies..................................................................................................
Investm ent com panies (branches).............................................................................
Personal loan com panies..............................................................................................
Personal loan com panies (branches).........................................................................
Personal loan brokers....................................................................................................
Foreign corporation agencies......................................................................................
Savings and loan associations.....................................................................................
Budding lot association s..............................................................................................
Land B ank.......................................................................................................................
C redit unions..................................................................................................................




205
103
88
91
51
141
48
39
20
2
23
1
2
22
254
1
1
_ 30

1,122

18

A n n u a l R epoet

op t h e

The following table shows the number o f examinations required
by law to be made o f these institutions:
Banks of deposit and discount....................................................................................
Banks of deposit and discount (branches)...............................................................
Private bankers (77 tw ice yearly, 11 ann ually).....................................................
Trust com panies............................................................................................................
Trust com panies (branches)........................................................................................
Savings banks.................................................................................................................
Safe deposit com panies.................................................................................................
Safe deposit com panies (branches)............................................................................
Investm ent com panies..................................................................................................
Investm ent com panies (branches).............................................................................
Personal loan com panies.............................................................................................
Personal loan com panies (branches)........................................................................
Personal loan brokers..................................................................................................
Foreign corporation ageneies......................................................................................
Savings and loan associations.....................................................................................
Building lot associations..............................................................................................
Land B ank......................................................................................................................
Credit unions...................................................................................................................

410
206
165
182
102
141
48
39
18
2
23
1
2
22
254
1
1
30
1,647

Powers of Superintendent of Banks Upheld
The Appellate Division o f the Supreme Court, Fourth Depart­
ment, recently handed down a decision upholding the powers given
to the State Superintendent o f Banks in the new banking law,
particularly with reference to the private banking business. The
court held that i f the Superintendent o f Banks has good cause to
take over for liquidation the business o f a private banker, it does
not lie with the court to legally divest him o f possession.
Under the powers given him by the new banking law trans­
ferring to the Superintendent o f Banks jurisdiction and super­
vision over certain classes o f private bankers, which went into
effect in 1914, the Superintendent o f Banks refused to grant an
authorization certificate to S. Lunghino & Sons o f Buffalo and
Rochester. The Superintendent o f Banks took this action after
he had caused to be made several examinations o f the affairs of
these private bankers. In accordance with the provisions o f the
Banking Law, the Superintendent o f Banks took possession o f the
affairs o f Lunghino & Sons for the purpose o f liquidating them for
the benefit o f depositors. However, Lunghino & Sons appealed to
the Supreme Court for relief and succeeded in obtaining an order
from Supreme Court Justice Charles A. Pooley o f Buffalo direct­
ing the Superintendent o f Banks to return the assets to Lunghino



S u perin ten d en t

of

B an k s

19

& Sons under certain conditions which were complied with. Feel­
ing that the Court at Special Term had exceeded its authority, the
Superintendent o f Banks took an appeal from his decision to the
Appellate Division which has just overruled the lower court and
sustained in every particular the contentions o f the Banking
Department. Efforts are now being made to permit the Lunghinos to resume business under the supervision o f the Superin­
tendent o f Banks along lines which it is believed will amply pro­
tect the depositors. Justice Merrill writing the opinion o f the
Appellate Division, says:
“ In the enactment o f the Banking Law o f the State, the
Legislature adopted a well-defined scheme with reference to
private bankers to bring them directly under the control and
supervision o f the Superintendent o f Banks. H e was-the
officer invested by the Legislature to pass upon the character,
responsibility and general fitness o f the person seeking to
engage in the business o f private banking. The act (Section
48 ) provides that whenever the approval o f the Superinten­
dent is made a condition precedent to the doing o f any act, it
shall lie within his sound discretion to grant or refuse his
approval. The Legislature having confided the decision o f
a matter o f a public nature to a public official with discretion­
ary power to act in the premises, acts properly within such
discretion are not subject to judicial review at the instance of
someone claiming that a different decision should have been
made.
“ There can be no claim but that the Superintendent acted
upon good cause in refusing to certify respondents. Indeed,
the court at special term expressly found that the business
conduct o f the firm was open to just criticism and expressly
asserted that if they were to continue there must be radical
changes in their business methods, and in imposing as condi­
tions for reinvesting the firm with the business the court
required reformation in the very particulars criticised by the
Superintendent o f Banks.
“ Section 60, it will be observed, only authorizes the court
' upon good cause shown/ to direct the Superintendent to
refrain from further proceedings toward liquidation o f the



20

A n n u a l R epoet

of t h e

bank’s affairs, and to surrender possession o f the property
and business o f the delinquent. In other words, i f the Super­
intendent had good cause to assume possession o f the business
o f this firm, then under section 60 it did not lie with the court
to divest him o f possession. The court here assumed to act
with the same powers as those with which the Legislature
expressly invested the Superintendent o f Banks. Such, we
conceive, was not within its powers. The Legislature nowhere
gave the Supreme Court supervision over private banks. The
Banking Law confides such power in the Superintendent of
Banks alone and in assuming to discharge the functions of
that official in this case, we think the court exceeded its
authority. Private bankers are only permitted to engage in
business upon certification by the Superintendent and i f
illegally conducted, the Legislature has marked a course to be
pursued in order to end the bank’s activities. It has reposed
in its specially constituted State official the sole power to act
and it does not lie with the court to substitute itself for such
legally constituted authority. In 1908 the statute with refer­
ence to individual bankers was amended so as to invest the
Superintendent o f Banks with plenary power to take posses­
sion and liquidate the affairs o f a bank.
“ In our opinion, Section 60 merely gives to the Supreme
Court the right to review the action o f the Superintendent of
Banks in taking possession o f the bank. I f it was made to
appear that he had acted arbitrarily and without good cause,
or that there had been an abuse o f discretion, the court, under
that section, might have well found good cause shown for
ordering a repossession o f the bank in the firm o f S. Lunghino
& Sons. The position o f the learned court and the conditions
imposed by the order effectually negatives any such sugges­
tion; The court recognized that the Superintendent was jus­
tified in his position and having coincided in the view o f the
•Superintendent as to the firm’s delinquencies, the court should
not, we think have interfered with the procedure which the
legislature provided in such cases.
“ It is urged by respondents that the bank is now solvent
and abundantly able to meet every requirement o f the State



S u pe rin ten d en t

of

B an k s

21

Banking Department, and that for that reason it should be
permitted to continue under the'order o f the court. A motion
has been made to dismiss this appeal upon the ground that
the questions involved hereon are, by reason o f the present
affluent condition o f the bank and its ability to more than
meet its legal obligations, purely academic. W e are unable
to adopt this view. The fact that a period o f unexampled
prosperity and favorable business conditions has served to
rehabilitate the affairs o f this institution is, in our opinion,
quite aside from the question as to whether at the time this
order was made just cause was shown for overruling the
action o f the Superintendent o f Banks.
“ W© think the Superintendent o f Banks was fully jus­
tified in the -course he undertook in this case and that the
learned court exceeded its authority in granting the order
appealed from, and that the same should be reversed, and
that possession o f the respondent’ s bank be returned to the
Superintendent for such action in the premises as he may
deem expedient, in accordance with the statutes in such ease
made and provided.”

Powers o f Superintendent of Banks Over Defunct Institutions
The Appellate Division o f the Supreme Court, Second Depart­
ment, has since the close o f the year handed down a decision of
importance setting forth the powers o f the Superintendent of
Banks in connection with the liquidation o f defunct institutions.
The eourt in its decision reverses an order made in July, last, by
Supreme Court Justice Russell Benedict o f Brooklyn, directing
the sale o f the remaining assets o f the Union Bank o f Brooklyn at
public auction. Justice Benedict contended that the Superintend­
ent o f Banks must obtain the prior approval o f the Supreme Court
in practically every step that he takes in liquidating a closed insti­
tution.
In A pril, 1916, the Superintendent o f Banks applied to Justice
Benedict for permission to pay a dividend o f 5 per cent, to the
depositors o f the Union Bank. U p to this time the depositors had
not received one cent since the closing o f the institution in April,




22

A n n ua l R eport

of t h e

1910. Before passing on the application Justice Benedict de­
manded that the Superintendent o f Banks turn over to the court a
complete statement o f the affairs o f the Union Bank liquidation
since its closing. A fter holding the matter under consideration
fo r four or five months Justice Benedict finally authorized the
payment o f the dividend, and at the same time ordered the Super­
intendent o f Banks to dispose o f all the assets o f the defunct Union
Bank at public auction, on or before December, 1916. The Super­
intendent o f Banks and a committee representing the depositors
both objected to such disposition o f the assets. It was claimed
by the depositors that to sell the assets as ordered would sacrifice
their interests and that the order was wholly without facts to sup­
port it. The Depositors’ Committee called upon the Superintend­
ent o f Banks and urgently requested him to appeal from the
decision. Thereupon the Superintendent o f Banks and the De­
positors’ Committee both joined in the same appeal and appeared
before the Appellate Division o f Brooklyn and argued to set aside
the lower courts.
Presiding Justice Jenks, writing the opinion for the court, says
in part, in commenting on the decision o f Justice Benedict:
“ I think that the court overlooked the distinction between
the Superintendent as a liquidator and the receiver appointed
by the eourt, that excluded the former from the power o f the
court exercised in this instance. The former common-law
right of banking is now a franchise derived from the legis­
lature and the Superintendent is the head of the department
fo r the state regulation o f such franchise. H e is not a part
o f the judicial branch o f the government. H e does not take
his office or derive any o f his original powers from it. H e is
o f the administrative branch o f the government appointed by
the Governor and confirmed by the Senate. H e is a state
officer and as such officer he is expressly clothed by the legis­
lature with this power o f liquidation. H is possession is not
that o f the court.
“ But when the court undertook thus to order the Super­
intendent as a liquidator it reached out to direct a state officer
in the discharge o f statutory duties, involving discretion con-




S u perin ten d en t

op

B an k s

23

ferred upon him, not the court, when he and not the court
was in custody o f the assets.
“ This case does not present even the question o f the power
o f the courts to require action by the Superintendent in his
work o f liquidation, but the question o f the power o f the court,
as a court, sua sponte to order the Superintendent in his
liquidation to sell all o f the assets o f the corporation at a
specific time and at specific places. The court in effect has
said to the Superintendent you are but my receiver and as
such I direct you to sell all o f the property o f this corpora­
tion at a time and places now determined by me.
“ As I have said, the liquidation contemplated and author­
ized by the banking law is not the result o f any action or pro­
ceeding in court. Liquidation does not necessarily require
nor imply judicial proceedings. The appointment o f an offi­
cer to act in liquidation outside o f judicial proceedings or
apart from the judicial branch o f the government is not open
to objection as vesting him with judicial power. The statute
naturally contemplates in a liquidation the propriety or neces­
sity o f a sale or o f the disposition o f the real or personal
property. But it does not provide that the court, in course
o f these liquidation proceedings, may direct or order, at its
own instance, a sale or disposition o f the property. It is the
Superintendent who is authorized, not the court, to sell or
otherwise dispose of.
“ The court made this drastic command upon accounts
required by it and submitted to it in the proceedings for
authority to pay this dividend o f five per cent. ( 5 % ) and one
proposed to be paid only out o f cash in hand — not as the
result o f the final winding up o f the corporation. There was
no application for any sale, no action or proceeding that
involved or required or justified an adjudication thereof —
not even a proceeding to settle accounts.
“ I am o f the opinion that the court did not have the juris­
diction to make the part o f the order appealed from upon a
petition for a dividend, or upon the theory that the Super­
intendent was but its receiver and that it was in control of
the assets o f this insolvent bank.




24

A n n ua l R epoet

op t h e

“ It seems to mo that, by analogy, the Superintendent is
not a receiver o f the court perforce o f the requirement as to
sales o f the assets, and that the court is not empowered thereby
to order a sale upon its own initiative.
“ It is not fo r the court to set itself above the judgment and
discretion o f administrative officers to whom the law commits
a decision, for thereby the court but confronts its opinion with
his opinion, and in the case at bar the opinion o f the court is
not only opposed to that o f the officer but to that o f a com­
mittee o f depositors heard on this appeal. Such a committee
naturally would not oppose any step that would, in its opinion,
make for the relief o f the depositors.”

N e w S avings B a n k
Certificate
approved

Location

nam e

Jan. 20.19X6

Date of
authorization

Feb.

14.1918

N e w T rust C om pan ie s

NAME

Location

Certificate
approved

Date of
authorization

Capital

Oneida County Trust C om pany..
Erie County Trust Company----Cortland Trust Company............
The Citizens Trust Company of
Patehogue..................................
Putnam County Trust Com pany.
The First Trust Company of

U tica..................
East Aurora. . . .
Cortland............

Mar. 14,1918
Mar. 24,1916
April 3,1916

April 24,1916
M ay 2,1916
M ay 20,1916

$250,000
100,000
200,000

Patehogue..........
Brewster............

April 11,1918
Feb. 11,1916

June 5, 1916
June 7,1916

100,000
100,000

July 17,1916

July 19,1916

500,000

Aug. 30,1916
July 20,1918
Dec. 11,1916

Aug. 30,1916
Oct. 31,1916
Dee. 21,1916

1,150,a w
150,000
100,000

Citizens Commercial Trust Company............................................ Buffalo...............
The Yonkers Trust Company----- Yonkers.............
Workers Trust Company.............. Johnson C ity . ..




S u perin ten d en t
I ncreases

of

25

B an k s

C a p it a l — T rust C o m pan ies

of

Date of
approval
of
increase

NAME

Location

Genesee Valley Trust Company................
Central Trust Company o f New Y o rk ...
Citizens’ Commercial Trust Com pany. . .

Rochester..................
New Y ork.............
Buffalo.......................

Amount of
increase

$100,000
2 ,000, m o
100, (W0
250,000
1,000 000
3,000 000

Dec. 5,1916

New Y ork.................

Feb, 16,1916
June 6,1916
Sept. 1,1916
July 21,1916
N ov. 17,1916
Dec. 4’ 1916

100,(M)0

Madison County Trust and Deposit Com-

C h ange
Jan. 28,1916.

of

N am e

of

T rus, C o m pa n y
t

Name o f “ Commonwealth. Trust Com pany o f B uffalo, N . Y .” changed
to “ C ity Trust Com pany,” effective on and after April 3, 1916.

N e w T rust C o m p a n y B ranch es
N AM E

Location

Guaranty Trust Com pany
o f New Y ork ..................... New Y o r k ....
Franklin Trust C om pany. .

Brooklyn

Guaranty Trust Com pany
o f New Y ork ..................... New Y ork ___
Citizens Com m ercial Trust
C om pa n y;......................... B uffalo............
Citizens Com m ercial Trust
C om pa n y.
................... B uffalo............
Citizens Com m ercial Trust
C om pany........................... B uffalo............
Guaranty Trust Com pany
o f New Y ork ..................... New Y o r k .. . .
Bankers Trust Com pany o f
B u ffalo............................... B uffalo............
Citizens Com m ercial Trust
C om pany........................... B uffalo............
Bankers Trust Com pany o f
. B u ffalo................................ Buffalo




Location o f new branch

513 F ifth Avenue, Borough o f M an­
hattan.
1001 W allabout M arket, corner of
Flushing and W ashington Avenues,
Borough o f B rooklyn.
25 East Sixtieth Street, Borough of
M anhattan.
Niagara and Tonawanda Streets, Buf­
falo, N . Y .
73 Forest Avenue, B uffalo, N . Y .
W illiam and Sherman Streets, Buffalo,
N. Y.
Paris, France.
447 M ain Street, Buffalo, N . Y .
C om er o f G rant and Ferry Streets,
B uffalo, N . Y .
C om er o f Delaware Avenue and John­
son’s Park, Buffalo, N . Y .

26

A n n u a l R eport

op t h e

T rust C o m pa n y B ran ch es C losed
N AM E

Location

G uaranty Trust Com pany
o f New Y ork ..................... New Y o r k .. . .
Citizens Com m ercial Trust
C om pany........................... B uffalo............
Franklin 'R u st C om pany.. B rooklyn........

Location of closed branch

514 F ifth Avenue, Borough o f M an­
hattan.
73 Forest Avenue, B uffalo, N . Y .
68 W ashington Avenue, Borough
Brooklyn.

o

T rust C o m pa n y R efused
Location of
proposed institution

N AM E

Kingston Trust Company............................

Date of
refusal

Kingston................. Aug.

4,1916

H e w S a f e D e po sit C o m pan ie s

Location

Certificate
approved

Date of
authorisation

Niagara Falls. . .

NAME

Dee. 27,1915

Jan. 31,1916

Capital

Power C ity Safe Deposit Corpo*15,000

H e w S a f e D epo sit C o m p a n y B ran ch es

NAME

Location

Guaranty Safe Deposit Company New Y ork..........




Location of new branch

25 East 60th st., Borough of Manhattan.

S u pe r in ten d en t
I ncrease

of

C a p it a l

of

of

27

B an k s

S a f e D eposit C o m p a n y

nam e

Location

Date of
approval
of increase

Guaranty Sale Deposit Company....................

New Y ork..............

Aug. 10,1916

R eduction

of

C a p it a l

of

Amount of
increase

$100,OX)

S a f e D e p o sit C o m p a n y

Location

NAME

Date of
approval
of reduction

June 21,1916.

Amount of
reduction

$150,000

P ersonal D oan C o m pan ie s A uthorized

NAME

Location

Certificate
approved

Date o f '
authorization

Fidelity Personal Loan Company.
C ity Personal Loan Company, Inc.
Yonkers Personal Loan Company.
Westchester Provident Personal
Loan Company..........................
Interborough Personal Loan Company............................................

New Y ork..........
New Y ork..........
Yonkers.............

Mar. 14,1916
June 8,1916
Oct. 18,1916

April 6, 1916
July 19,1916
Nov. 23, 1916

$10,000
10,000
10,000

M ount V ernon.. Sept. 9,1916

Nov. 23,1916

10,000

Brooklyn............

Dec. 11, 1916

10,000

N ov. 15,1916

Capital

P ersonal L oan B rokers A uthorized

NAME

Location

Abe H. Kavovitz and Lillia Kavovitz (Abe H. & Lillia Kavovitz). Port Chester___




Certificate
approved

Date of
authorization

Jan. 27,1916

Mar. 9,1916

Capital

$5,000

28

A n n u a l R epoet
C h ange

M ay 12, 1916.

of

N am e

of

of t h e

P ersonal L oan C o m p a n y

Name o f “ Equitable Personal Loan Com pany ” changed to “ Four­
teenth Street Personal Loan Com pany,” effective June 26,1916.

A u th o riza tion

of

P ersonal L oan C o m pan ie s R evoked

Location

Date of
revocation

Buffalo, N. Y ...
Auburn, N . Y ...

Mar. 17,1916
Mar. 17,1916

N ame

I ncrease

of

C a p it a l

of

Capital

$10,000
5,000

P ersonal L oan C o m p a n y

N ame

Location

Date of
approval of
increase

M ay 12,1916

Amount of
increase

$50,000

N e w I n v estm en t C om panies

Certificate
approved

Date of
authorization

Capital

New Y ork..........
Buffalo...............
New Y ork..........
New Y ork..........

Jan. 28,1916
Feb. 7,1916
Feb. 10,1916
Mar. 17,1916
Mar. 8,1916

Feb. 28,1916
Feb. 29,1916
Mar. 31,1916
April 1,1916
April 24,1916

$125,000
500,00)
200,000
500,000
250,000

Schenectady. . . .

June 12,1916

June 20,1916

100,000

NAME

Location

Morris Plan Company of Syracuse,
T he.............................................
Bankers Commercial Corporation.
M orris Plan Company of Buffalo.
Guaranty Securities Corporation.
S. W . Straus & Co., Incorporated.
Morris Plan Company of Schenec­
tady, T he...................................




S u pe r in te n d e n t
I ncreases

op

C a p it a l

op

op

29

B an ks

I n ve stm e n t C o m pan ie s

NAME

Location

Date of
approval of
increase

M orris Plan Company of New Y ork.......................

New Y ork..........
New Y ork..........

June 26,1916
Aug. 15,1916

Amount of
increase

$500,000
500,000

N e w I n ve stm e n t C o m p a n y B ranched
NAM E

Location of new branch

Location

The M orris Plan Company of
New Y ork..........

Morris Plan Company of New
Y ork.......................................... New Y ork..........

A-Re-Co. Building, com er 149th street and
Third ave., Borough of Bronx, New Y ork,
N. Y.
Lincoln Building, 1 Union Square, Borough
of Manhattan.

I n v estm en t C o m p a n y {Merger
NAME

Date of
merger

Merged

Location

New Y ork M ortgage and Security
New Y ork..........

Into New Y orkfTitle In­
surance Company under
name “ New York Title
and M ortgage ComJune 21, 1916

F unds

op

C losed S avings B a n k s H eld

by the

B a n k in g

D epartm ent

Funds belonging to form er depositors o f thirty-three closed sav­
ings hanks continue to be held by this Department. During the
year 1916 payments aggregating $57.43 were made to claimants
who had furnished to the Superintendent o f Banks satisfactory
evidence o f their right to the same. These payments were made
from moneys remaining to the credit o f six closed institutions:
the Bond Street Savings Banks, New Y ork C ity ; the Oriental



B
O

A n n u a l R epo rt

op th e

Y ear chartered

Savings Banks, N ew Y ork C ity ; the T hird Avenue Savings Bank,
N ew Y ork C ity ; the Guardian Savings Bank, B rooklyn; the
Security Savings Bank, N ew Y ork C ity and the Sixpenny Sav­
ings Bank, N ew Y ork City.
Follow ing is a statement giving the names o f closed savings
banks, the years they were chartered and closed, the rate per
centum o f dividends declared, unclaim ed dividends deposited with
the Superintendent o f Banks, the amount disbursed to claimants,
and the balance o f unclaim ed dividends:

1
1

N a m e o r I n so ttotion

-3

Abingdon Square Savings Bank..........
Bond Street Saving Bank, N . Y ........
Bowling Green Savings Bank..............
Central Park Savings Bank.................
Central Savings Bank, T roy*..............
Chautauqua County Savings Bank*. ,
Clairmont S aving Bank......................
Clinton S aving Bank..........................
Coxsackie Savings Institution*...........
Eleventh Ward S aving Bank*...........
Equitable S aving Institution*...........
Fulton County Savings Bank*............
German Savings Bank of the Town of
M orrisania.........................................
1866 1875 German Uptown Savings Bank...........
i o n 1908 Guardian Savings Bank, B rooklyn*.,
1871 1879 Haverstraw Savings Bank...................
1869 1876
1860 1876
1868 871
1867 1875
1857 1880
1866 1880
1870 1877
1868 1877
1868 1877
1869 1884
1869 1880
1892 1899
1868 1877

\Rfia

Rate
percent.
of
dividend
declared

48
86 5-8
35
30
100
100
15
68.169
100
100
100
100

8930
21,132
3,994
1,497
49
2
501
831
258
1,833
150
26

46 1-6
64
100
75
100
100

3,656
5,598
888
596
320
329

1871 1880 Mechanics’ Savings Bank, Brooklyn*.
1852 1876 Mechanics and Traders’ Savings In71
stitution, New Y ork.........................
1865 1883 Morrisania Savings Bank*................... 100
64
1868 1875 Mutual Benefit Savings Bank.............
77
1869 1876 New Amsterdam Savings Bank..........
j»74 JR79
100
60|
1869 1877 Oriental Savings Bank, New Y ork----100
48 7-12
1863 1875 People's Savings Bank, New Y ork .. . ,
1869 1881 Port Jervis Savings Bank*................... 100
88
1867 1877 Saratoga Savings Bank........................
61!
1868 1876 Security Savings B ank, New Y ork—
85.55
1854 1878 Sixpenny Savings Bank, New Y ork ,,.
19
1854 1875 Third Ave. Savings Bank, New Y ork.
15
1870 1876 Trades Savings Bank, New Y ork........
6
1873 1878 Union Savings Bank, Saratoga Springs
T otal...............................................

* Closed voluntarily.




Unclaimed
dividends
deposited
with
superin­
tendent

Paid by
superin­
tendent
to
claimants

Balance
unclaimed

37
8481 78
8448 59
88 10,487 34 10,645 54
29
19 56 3,974 73
76
704 19
793 57
72
49 72
24
2 24
90
17 98
483 92
91
81 14
750 77
19 60
32
238 72
19
147 25 1,685 94
49
45
150 04
32
4 22
22 10
86
70
27
04
71
39

1,488
1,142
701
327

39

92
03
21

2,168
4,455
187
268
3^)
329

47
78
24
83
71
39

14,315
842
7,554
429
1
2,255
329
6,530
251
437
1,865
39,319
895
547

91 7,055 48 7,260 43
74
670 88
171 86
86 3,630 80 3,924 06
79
9 20
420 59
40
1 40
50
299 35 1,956 15
44
329 44
96 3,027 14 2 ,5 0 3 82
97
248 13
3 84
88
1 82
436 06
72
630 92 1,234 80
89 12,646 28 26,073 61
15
471 60
423 55
3 72
32
543 60
36 17
144 72
is o m

8117,358 78 844,354 55 873,004 23

31

SUPERINTENDENT OF B A N E S

C a p it a l

and

S urplus

of

T rust C o m pan ie s

The following table gives the titles, capital, book surplus and
market value surplus o f the trust companies which reported their
condition to the Superintendent o f Banks as o f November 29,
1916:
...... .

........... - ' ..: . '............:......... -..:............ = 7 7 =
.

N amb and Location

Capital

Adirondack Trust Company, The, Saratoga Springs...
S100,0)0
400,000
Albany Trust Company, The, Albany...........................
1,250,000
Astor Trust Company, New Y ork C ity .........................
150,000
Auburn Trust Company, Auburn...................................
1,000,0)0
Bankers' Trust Company of Buffalo, B uffalo................
Bankers' Trust Company, New York C ity..................... 10,000,000
Broadway Trust Company, New York C ity..................
1,50),000
1 ,5 0 ),OK)
Brooklyn Trust Company, B rooklyn..............................
500,000
Buffalo Trust Company, Buffalo.....................................
Central C ity Trust Company, Syracuse.........................
300,000
5,000,000
Central Trust Company, New Y ork C ity ......................
600,000
Chemung Canal Trust Company, Elm ira......................
Citisens’ Commercial Trust Company, Buffalo.............
1,250,000
100,000
Citizens’ Trust Company, Fredonia...............................
Citisens’ Trust Company of Fatchogue, The, Patchogue
100,000
Citisens’ Trust Company of Schenectady, N . Y .,
Schenectady...................................................................
150,00)
Citizens’ Trust Company of Utica, N. Y ., U tica..........
500,000
C ity Trust Company, B uffalo.........................................
500,000
Columbia Trust Company, New Y ork C ity ..................
2,0 00,0 0)
Columbus Trust Company, Newburgh...........................
100,000
Commercial Trust Company, New York C ity...............
500,OK)
Cortland Trust Company, Cortland...............................
20),000
County Trust Company, W hite Plains...........................
100,000
Empire Trust Company, New Y ork C ity......................
1 ,5 0 ),OX)
Equitable Trust Company of New York, New York
C ity................................................................................
3,000,000
Erie County Trust Company, East Aurora...................
100,000
Farmers’ Loan and Trust Company, New York C ity ..
1,000,000
Fidelity Trust Company of Buffalo, Buffalo.................
500,000
Fidelity Trust Company, New York C ity.....................
1,000,000
Fidelity Trust Company, Rochester...............................
200,000
First Trust Company of Tonawanda, The, Tonawanda.
50),000
Franklin Trust Company, Brooklyn...............................
1,000,000
Fulton Trust Company, New Y ork C ity.......................
500,000
Qenesee Valley Trust Company, Rochester...................
500,000
Qlens Falls Trust Company, Glens Falls.......................
100,000
Guaranty Trust Company of New Y ork, New York
C ity................................................................................. 20,000,000
Hamilton Trust Company, B rooklyn.............................
5005000
Hudson River Trust Company, Hudson........................
125,000
Hudson Trust Company, New York C ity ......................
500,000
Huguenot Trust Company of New Rochelle, New
R ochelle..........................................................................
150,000
Ithaca Trust Company, Ithaca........................................
200,000




Surplus at
book value
of stocks
and bonds

Surplus at
market value
o f stocks
and bonds

$180,692
359,119
1,501,952
215,908
507,211
13,943,386
974,189
3,823,711
447,534
324,851
16,460,775
600,184
1,350,629
72,627
57,063

$233,843
349,218
1,960,780
20),967
542,760
17,016,562
954,189
4,398,423
464,548
324,765
16,460,775
613,903
1,258,409
67,627
58,118

239,612
572,866
335,606
8,386,086
156,413
168,401
59,836
150,794
1,532,749

328,259
593,654
413,396
8,591,024
166,864
195,188
48,984
184,656
1,602,916

10,465,207
42,184
8,186,973
520,929
1,300,380
414,385
673,540
1,375,711
696,079
228,677
148,147

10,465,207
43,077
8,628,126
539,153
1,259,880
340,159
652,115
1,445,185
721,724
221,495
162,657

25,927,257
1,118,891
89,506
613,622

33,999,906
1,147,451
92,546
583,761

80,648
180,448

78,845
237,459

32
C a p it a l

A n n u a l R epo et
and

N

S ueplus

am ® akd

op

T rust C om pan ie s — Concluded

L o c a t io n

Kings County Trust Company, Brooklyn.....................
Lawyers’ Title and Trust Company, New York C ity ..
Lincoln Trust Company, New Y ork C ity......................
Livingston County Trust Company, Geneseo................
Madison County Trust and Deposit Company, Oneida.
Manufacturers' Trust Company, Brooklyn...................
M etropolitan Trust Company, New York C ity............
Montgomery County Trust Company, Amsterdam----M ount Vernon Trust Company, M ount Vernon...........
Mutual Trust Company of W estchester County, Port
Chester...........................................................................
Nassau County Trust Company, M ineola.....................
New Rochelle Trust Company, New Rochelle..............
New York Life Insurance and Trust Company, New
York C ity......................................................................
New York Trust Company, New York C ity.................
Niagara Falk Trust Company, Niagara F alk...............
Northern New York Trust Company, W atertown........
Northport Trust Company, N orthport...........................
Olean Trust Company, Olean..........................................
Oneida County Trust Company, Oneida.......................
Orange County Trust Company, M iddletow n...............
People’s Trust Company of Binghamton, Binghamton.
People’s Trust Company, The, Brooklyn.......................
Poughkeepsie Trust Company, Poughkeepsie................
Putnam County Trust Company, Brewster...................
Queens County Trust Company, Jamaica.....................
Rochester Trust and Safe Deposit Company, Rochester
Rockland County T iust Company, N yaek....................
Rome Trust Company, R om e.........................................
St. Lawrence Trust Company, Ogdensburg...................
Salamanca Trust Company, Salamanca.........................
Schenectady Trust Company, Schenectady...................
Security Trust Company of Rochester, Rochester........
Security Trust Company of Troy, The, T roy................
Suffolk County Trust Company, The, Riverhead.........
Syracuse Trust Company, Syracuse...............................
title Guarantee and T iust Company, New York C ity.
Transatlantic Trust Company, New Y ork C ity ............
T roy Trust Company, The, T roy...................................
Trust Company of W yoming County, Warsaw.............
Trust and Deposit Company of Onondaga, Syracuse...
Union Trust Company of Albany, N . Y ,, The, Albany.
Union Trust Company of Jamestown, Jamestown........
Union Trust Company of New York, New Y ork C ity..
Union Trust Company of Rochester, Rochester............
United States Mortgage and Trust Company, NewYork
C ity.................................................................................
United States Trust Company of New York, New York
C ity.................................................................................
Utica Trust and Deposit Company, U tica.....................
W estchester Trust Company, Yonkers...........................
Yonkers Trust Company, Yonkers.................................




op th e

Capital

Surplus at
Surplus at
book value market value
of stocks
o f stocks
and bonds
and bonds

500,000
4 ,OCX),000
1,000,000
100,(XX)
100,000
1,000,000
2,000,000
200,000
200,000

2,768,624
5,358,295
513,102
15,948
80,399
430,516
5 ,M S ,616
129,280
374,644

2,733,079
6,774,601
501,253
19,760
90,399
406,226
5,484,384
142,6*1
376,894

300,000
100,000
200,000

74,540
108,539
95,876

84,281
125,382
120,904

l.o o o , ooo
3,000,000
100,000
400,000
100,000
100,00)
250,000
100,000
500,000
1,000,000
125,000
100,000
60),000
500,000
100,000
300,000
100,000
100, O X
C)
250,000
300,000
200,000
100,000
500, (XX)
5,000,000
700,000
200,000
100,000
1,00),000
250,00)
300,000
3,000,000
500,000

4,204,835
11,504,540
216,969
578,074
57,431
23,588
390,747
363,129
166,864
1,722,030
246,720
18,293
92,782
925,290
51,102
92,832
25,350
208,995
473,767
M 0 ,575
163,480
127,055
722,702
12,453,113
545,949
76,899
53,059
604,285
580,673
210,344
5,942,173
628,622

4,443,494
11,548,634
216,969
572,231
56,893
23,588
393,200
307,300
175,025
1,722,030
209,360
19,259
127,070
942,707
53,454
107,883
28,452
212,995
M 2,244
699,575
216,211
121,555
699,668
12,587,939
567,555
64,672
52,659
621,020
681,663
260,612
5,942,173
571,141

2,0 00,0 )0

4,462,836

4,738,695

2,0 00,0 0)
400,000
300,000
150,000

14,751,519
595,714
271,717
71,445

14,878,519
619,101
236,143
74,486

StrPBEINTBNDEBTT OB B

a

33

WKS

S a fe D epo sit C o m pan ies

Tlie follow ing list gives the names, location and capital o f the
safe deposit companies as o f January 1, 1317:
Name and location
Albany Safe Deposit and Storage Company, A lbany..............................
Astor Safe Deposit Company, New Y ork C ity ..........................................
Atlantic Safe Deposit Company, New Y ork C ity .....................................
Bankers’ Safe Deposit Company, New Y ork C ity ....................................
Broadway Safe Deposit Company, New Y ork C ity .................................
Bronx Safe Deposit Company, New Y ork C ity ........................................
Brooklyn City Safe D eposit Company, B rooklyn....................................
Central Safe Deposit Company, Ossining...................................................
City Safe Deposit Company of Albany, N. Y ............................................
Colonial Bank Safe Deposit Company, New Y ork C ity .........................
Commercial Safe Deposit Company, New Y ork C it y .............................
C om Exchange Safe Deposit Company, New Y ork C ity .......................
County Safe Deposit Company White Plains...........................................
Empire City Safe Deposit Company, New Y ork C ity ............................
Empire Safe Deposit Company, New Y ork C ity ......................................
Equitable Safe Deposit Company of New York, T h e ..............................
Farmers’ Safe Deposit Company, The, New Y ork C ity .........................
Fifth Avenue Safe Deposit Company, New Y ork C ity...........................
Franklin Safe Deposit Company, Brooklyn...............................................
Garfield Safe Deposit Company, New Y ork C ity .....................................
Greenwich Safe Deposit Company, New Y ork C ity ................................
Guaranty Safe Deposit Company, New Y ork C ity ...............................
Hanover Safe Deposit Company, New Y ork C ity ....................................
Hudson Safe Deposit Company, New Y ork C ity .....................................
Knickerbocker Safe Deposit Company. New Y ork C ity .........................
Lincoln Safe Deposit Company, New Y ork C ity ......................................
Long Island Safe Deposit Company, Brooklyn.........................................
Madison Safe Deposit Company, New Y ork C ity ....................................
Mercantile Safe Deposit Company, New Y ork C it y ................................
Metropolitan Safe Deposit Company, New Y ork C ity ............................
M ount Vernon Safe Deposit Company, M ount Vernon..........................
New Maiden Lane Safe Deposit Company, New Y ork C ity .................
New Rochelle Safe Deposit Company, New R och elle............................
New Y ork Produce Exchange Safe Deposit and Storage Company,
New York C ity .............................................................................................
New York Stock Exchange Safe Deposit Company, New Y ork C i t y ..
Ossining Safe Deposit Company, Ossining..................................................
Power City Safe Deposit Corporation, Niagara Falls..............................
Rockland County Safe Deposit Company, N y a e k ...................................
Safe Deposit Company of N ew York, New Y ork C ity ............................
Security Safe Deposit Company of B rooklyn............................................
Security Safe Deposit Company, Buffalo.........................................
Security Safe Deposit Company of T ro y ....................................................
Standard Safe Deposit Company, New Y ork C ity ...................................
State Safe Deposit Company, New Y ork C ity ..........................................
Thirty-fourth Street Safe Deposit Company, New Y ork C ity ..............
Union Trust Safe Deposit Company, New Y ork C ity .............................
United States Safe Deposit Company, New Y ork C ity...........................
Woolworth Building Safe Deposit Company, New Y ork C ity...............




Capital
$ 90,(XX)
100,000
100,000
100,000
100,000
100,000
100,000
1 0 ,O X
C)
50,000
100,000
100,000
300,000
10,000
100,000
100,000
150,000
100,000
100,000
100,000
150,0(M)
100,000
100,000
200,000
100,000
100,000
1,000,000
100,000
100,000
300,003
100,000
10,000
103,000
10,030

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
03
00
00
00
00

150,000
103,000
20,003
15,000
10,000
100,000
100,00*3
150,003
50,000
200,000
100,000
2 25,O X
C)
100,000
200,000
100,080

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$0, 000,000 00

34

A n n u a l R epo r t
C ondition

of t h e

op th e

S a f e D e po sit C o m pan ie s

Arranged in com parative form , the various items o f resources
and liabilities o f the safe deposit companies reporting to the
Superintendent o f Banks, as o f the first day o f January in each
o f the last three years are as follow s:
R esources
Bonds and mortgages.........................
Stock and bond investments.............
Real estate............................................
Vaults and safes..................................
Furniture and fixtures........................
Loans on collateral..............................
Cash deposited.....................................
Cash on hand.......................................
Safe rentals due and accrued............
Silver storage due and accrued........
Warehouse storage due and accrued
Tin boxes on hand
Other assets..
Add for cents

1915

1916

1917

$141,600
2,448,570
2,432,935
3,069,971
181,925

$272,250
2,118,982
2,433,128
3,077,583
166,785

1,000

1,000

304,738
2,189
62,134
31,966
134,744

573,780
2,787
71,259
33,551
130,189

43,485
4

31,307
5

$268,625
2,472,548
2,430,863
3,087,553
76,505
700
275,183
3,662
68,710
34,419
142,376
241
39,115
5

$8,855,261

$8,912,606

$8,900,505

Capital sto ck ........................... ..............
Excess of assets over liabilities...........
Loans secured by bond and mortgage
Other loans...............................................
Interest due and accrued on loans___
Expenses incurred but unpaid............ .
Other liabilities........................................
Add for cents............................................

$6,035,000
1,609,788
970,(M
X)
69,850
6,804
10,865
152,952

$6,135,000
1,820,967
670,(M
X)
111,500
6,327
11,133
157,677

$6 , 000,000
2,016,041
670,000
27,200
5,402
10,733
171,127

2

2

2

T otals................................................

$8,855,261

$8,912,606

$8,900,505

Totals

Liabilities

S e cu rities H e ld

in

T rust

The securities held in trust by the Superintendent o f Banks on
the first day o f January, 1917, fo r the protection o f the depositors
with and creditors o f the several trust companies and o f two invest­
ment companies which are engaged in the business o f receiving
deposits, were as follow s:
United States 2 per cent b on d s.....................................................................
N ew Y ork State 3 per cent bonds.................................................................
New Y ork State 4 per cent bonds.................................................................
New Y ork State 4| per cent bonds...............................................................
New Y ork State 4| per cent bonds...............................................................
New Y ork County 3.3 per cent b on d s.........................................................
New Y ork City 2 f per cent bond s.............................................................
New Y ork City 3 per cent bon d s..................................................................
New Y ork City 3§ per cent bonds................................................................
New Y ork City 4 per cent bond s..................................................................
New Y ork City 4| per cent bond s.......................................................
New Y ork City 4| per cent bond s................................................................
Brooklyn City 3§ per cent bond s..................................................................




$ 2 ,(XX)
206,000
213,000
35,000
247,000
50,000
330,000
678,000
2,591,500
863, W 0
3,722,000
1,571,500
240,000

00
00
00
00
00
00
00
(X)
00
00
(X)
00
(X)

S u perin ten d en t

of

35

B an k s

Niagara Falls City 4 per cent bonds............................................................
Rochester City 3| per cent bonds.................................................................
Long Island City 3| per cent bonds.............................................................
Middletown City 3§ per cent bonds.............................................................
Albany C ity 3 f per cent bonds.....................................................................
Albany City 4 per cent bond s.......................................................................
Jamestown City 4 per cent bonds.................................................................
Jamestown City 4§ per cent bonds...............................................................
Cohoes City 3| per cent bonds.....................................................................
Utica City 4 per cent bonds..........................................................................
Utica City 4 f per cent bonds.........................................................................
Buffalo City 3| per cent bonds.....................................................................
Buffalo City 4 per cent bonds........................................................................
Buffalo City 4| per cent bonds.....................................................................
Rom e C ity 4 per cent b on d s..........................................................................
Little Valley Village 4.95 per cent bonds....................................................
Bonds and mortgages............................................................... .......................

$30,000
80,000
10,(X)0
2 0 ,0W
4 5 ,(M )
M
1 6 ,5W
4 6 ,0W
5,000
2,000
8,000
2 5 ,0W
6 1 ,0W
2 0 ,(M )
M
106,000
10,000
4,190
177,500

00
00
W
W
00
00
00
00
00
00
00
W
00
00
W
40
W

T o ta l............................................................................................................ $11,414,690 40

S teady

G a in

in

T otal

R esources

of

I n s t it u t io n s

The total resources o f the savings hanks, trust companies and
safe deposit companies o f the State o f N ew Y ork on the first day
o f January in each year fo r the last twenty years, and o f the State
hanks o f deposit and discount as reported on the date nearest
thereto, w ere:
T otal

D ate

1898; January 1..........
1899, January 1..........
1900, January 1..........
1901, January 1..........
1902, January 1..........
1903, January 1..........
1904, January 1..........
1905, January 1..........
1906, January 1..........
1907, January 1..........
1908, January 1..........
1909, January 1..........
1910, January 1..........
1911, January 1..........
1912, January 1..........
1913, January 1..........
1914, January 1..........
1915, January 1..........
1916, January 1..........
1917, January 1 ..........

Savings banks

$869,751,244
923,420,861
1 ,O X
C ),209,099
1,066,019,216
1,131,564,624
1,191,327,573
1,238,800,468
1,311,993,505
1,405,800,904
1,464,950,833
1,465,295,677
1,536,610,547
1,628,916,868
1,695,650,793
1,780,862,290
1,861,783,753
1,926,334,331
1,912,204,573
1,974,046,375
2,139,299,037

02
82
51
08
(X
)
18
61
17
84
40
92
64
60
54
05
58
76
92
62
51

R esources

Banks of deposit
and discount

Trust companies

$324,768,619
355,485,972
366,304,182
380,711,930
421,616,408
366,932,347
382,080,238
497,378,209
*522,616,915
*567,986,011
509,680,073
*614,707,421
*610,421,807
*610,142,579
611,632,378
617,063,267
625,806,408
648,234,361
793,428,884
*901,845,248

$483,739,925
579,205,442
672,190,671
797,983,512
969,403,911
1,039,956,625
1,039,735,828
1,364,016,015
1,312,799,130
1,365,245,430
1,012,747,930
1,477,575,489
1,604,203,727
1,515,453,650
t l , 690,075,954
t l , 598,555,823
f l , 574,666,207
t l , 740,598,437
t 2 ,532,892,786
t2 ,744,317,081

Safe deposit
companies

$5,116,362
5,197,996
5,269,271
5,255,452
5,663,016
6,111,411
6,939,799
7,354,553
7,419,085
8,113,235
8,375,569
9,352,822
9,583,960
8,621,722
8,094,038
8,658,127
8,964,583
8,855,261
8,912,606
8,900,505

15
76
04
04
97
42
37
41
95
04
53
12
78
91
15
40
83
45
17
99

* November; the other bank reports called in December. The increase in resources of these
four classes of institutions during the year 1916 was $485,081, 220.71.
f December,
$ November.
The total resources of private bankers December 24,1914, was $18,462,092; December 31,1915,
was $14,110,555; November 29,1916, was $16,070,993.




m

A n n u a l R epo r t

of t h e

L IQ U ID A T IO N O F C LO SE D IN S T IT U T IO N S
C arnegie T rust Com pany

D uring 1916 various assets were adjusted or collections made
thereon so as to perm it since the close o f the year, the payment o f
an additional 4 per cent, dividend to the depositors o f the Carnegie
Trust Company, thus bringing the total amount o f dividends paid
to date up to 44 per cent. The payment o f the additional 4 per
cent, resulted in the disbursement o f approxim ately $277,114.
D ividends amounting to $163,502.87, representing accrued divi­
dends o f 40 per cent., were paid during 1016 on claims allowed.
W ith the payment o f the 4 per cent, recently ordered, the total
amount paid to creditors o f this institution now aggregates
$3,805,468.76.
The rejected claim s on January 1, 1916, amounted to $635,374
o f which $589,000 was claim ed as preference. R ejected claim s on
December 31, 1916 totalled $62,651, made up o f preferred claim s
o f $1,359 and general claim s o f $61,292. The difference between
the rejected claim s as o f January 1, 1916, and December 31, 1916
shows a reduction during the year o f $572,723. The balance due
on allowed claims as o f Decem ber 31, 19*16 is $4,156,686.02. A t
the close o f the past year, the gross amount o f general claim s
allowed, less offsets, was $6,927,553.80. On the same date un­
proven and unallowed claims appearing on the books o f the com­
pany amounted to $8,163.
Several important legal actions in w hich the Carnegie Trust
Company was the plaintiff have been prosecuted to a conclusion,
and steps are now being taken to collect on the judgments. The
most important action involving the substantial interests o f the
depositors is the so-called stockholders’ suit. A fter many appeals
which resulted favorably to the Superintendent o f Banks, this
action wherein it is sought to recover $1,506,000, the amount o f
the statutory stock liability, was finally tried in November last,
but as yet no decision has been handed down. H owever, just prior
to the trial, a settlement was consummated with one o f the largest
stockholders, who paid in, in cash, his fu ll liability o f $74,500.
The extensive litigation that has been carried on fo r a consider­
able tim e against the Carnegie Trust Company by Jacques
Lebaudy has been brought to a close by M r. Lebaudy’ s abandon


SUPERINTENDENT OF BAN K S

m

inant o f the appeal from, the decision o f the Supreme Court, which
was in favor o f the contention o f the Superintendent o f -Banks.
The percentage cost o f liquidation o f this company up to the
close o f 1916, based upon its book assets on January 7, 1911, the
date the Superintendent o f Banks took possession, is 4.287 per
eent.
B in g h a m t o n T bust C o m pa n y

The Court o f Appeals has just rendered a final decision in the
action instituted by W illiam G regory, as Trustee in Bankruptcy
o f K napp Bros., against the Bingham ton Trust Com pany, affirm­
ing a judgm ent against the Trust Company.
E fforts .of the Superintendent o f Banks to dispose o f a coal mine
owned by this liquidation, located at B elspring, V a., and consisting
o f approxim ately 4,000 acres, have been without success, but it
is hoped that during the ensuing year a sale w ill be made.
A n assessment o f 100 per cent, made by the Superintendent o f
Banks against the stockholders o f this company has resulted in the
collection to date o f $107,275.96. A n aetion to recover the balance
upon the capital stock o f $300,000 was tried before Supreme Court
Justice G eorge M cCann and a decision obtained in favor o f the
Trust Company. Judgment roll is now in course o f preparation
and judgm ent w ill be entered upon its com pletion.
The Binghamton Trust Company was closed on A p ril 9, 1909,
and has paid to creditors three dividends aggregating 70 per cent.
The cost o f this liquidation to the close o f the year 1916 was 3.90
per cent.
L a f a y e t t e T bust C o m p a n y

The liquidation o f this institution has been delayed by the long
and bitterly contested litigation to recover from the stockholders
the statutory stock liability. This action was commenced in
November, 1911, and has been opposed from the outset. Some
fifty-eight defendants demurred to the com plaint. The demurrers
were overruled by Supreme Court Justice Frederick E . Crane,
sitting at Special Term , on Ju ly 11, 1912, and an appeal was
taken to the A ppellate D ivision which affirmed the decision o f the
Special Term . Thereafter, a further appeal was taken to the
Court o f Appeals, which sustained the lower courts and held the
com plaint good. Subsequently, some eighty-two defendants an­
Digitizedswered the complaint.
for FRASER


38

A nbtuai, R eport of t h e

A supplemental summons and com plaint was filed August 23,
1912, and a second supplemental summons and com plaint was
filed Januaiy 1, 19(16, fo r the purpose o f bringing in representa­
tives o f deceased defendants. The action was tried before Justice
Benedict, sitting at Special Term , in M ay, June and September o f
last year. A t the close o f the plaintiff’s case the defendant moved
to dismiss the com plaint, which m otion was denied.
In November o f last year, motions were made to set aside the
service o f the summons upon fou r defendants. The m otion was
sustained as to one defendant and denied as to three. Appeals
have been taken to the Appellate D ivision in each case. In the
main case, findings have been prepared and presented to Justice
Benedict.
E fforts are being made to dispose o f the rem aining assets o f
this liquidation w ith a view to paying another dividend. Since
taking possession o f this institution by the Superintendent o f
Banks on November 30, 1908, dividends aggregating 55 per cent,
have been paid to creditors. The percentage cost o f liquidation
up to the close o f the past year was 5.90 per cent.
W ash in g to n S avin gs B an e :

D uring the past year sufficient assets o f this liquidation were
disposed o f to perm it the payment o f an additional dividend o f 2
per cent, to creditors. This dividend is expected to be paid at an
early date, bringing the total dividends paid since the institution
was closed on December 28, 1910, up to 63 per cent.
D uring the past year the A ppellate D ivision, F irst Department,
sustained the decision o f the low er court which held that the sav­
ings bank was entitled to hold fou r mortgages claim ed by the
N orthern Bank in liquidation. These mortgages have an approxi­
mate face value o f $69,923. A n appeal to the Court o f Appeals
has been taken which w ill be argued with all possible speed.
Should this decision be affirmed by the Court o f Appeals, sufficient
cash w ill be available fo r an additional dividend fo r the creditors
o f the savings bank. The W ashington Savings Bank was taken
over by this Departm ent on December 28, 1910. This institution
has been liquidated up to the close o f the past year at a percentage
eost o f 4.88 per cent.



S u pe rin ten d en t

of

39

B anes

S t a t e S ayin g s B a n k

P ractically all the rem aining assets o f this bank were disposed
o f during the past year. Enough cash was realized to perm it the
payment since the close o f the year o f a sixth dividend o f approxi­
m ately 11 per cent., making a total o f 65 per cent, paid to creditors
since the bank was closed on Decem ber 1, 1911. I t is expected
that the ensuing year w ill see the affairs o f this bank terminated
and a final dividend paid.
H e w Y o rk M ortgage C o m p a n y

The H ew Y ork M ortgage Company was closed by the Superin­
tendent o f Banks on June 2'9, 1912. Its affairs were interwoven
with the business o f the Industrial .Savings and Loan Company and
the Columbia Beal Estate Company, both o f which companies went
into liquidation at the same time.
P ractically all o f the investments o f the H ew Y ork M ortgage
Company were in real estate securities covering property in Bergen
county, H ew Jersey, m ostly vacant lots. The mortgages have
been foreclosed and the titles to real estate obtained. A con­
siderable number o f sales have been made and it is planned to
pay another substantial dividend in the near future. It is expected
that during 1917, practically all o f the assets w ill be disposed of.
P aym ent

of

D ividends

The follow ing table shows the names o f closed institutions and
private bankers, date o f suspension, number o f dividends paid,
when payments were made to creditors and per cent o f dividends
p aid :
Dividends paid
N

ame

ow

I n s t c t o t io n

Date of
suspension
Date

Lafayette Trust Company...................................

Nov. 30,1908

Binghamton Trust Company...................... ..

April 9,1909

1
2
3
4

f
i




1
2
3

May 1,1909
Oet. 1,1909
May 1,1910
July 15,1911
Aug. 11,1913
Sept. 1,1909
Feb. 1,1910
Sept. 1,1910

Per
cent

10
20
10
10
5
50
10
10

m

A n n ua e R e po rt
P aym ent

op

op th e

D ividends — Continued
Dividends paid

N

ame

ojf

iN s z m m o if

Date of
suspension
Per
cent

Date

Borough Bank......................................................

April 7,1910

European-American Bank...................................

Aug. 6,1910

Bank ol Wayne....................... ............................

Nov. 9,1910

Washington Savings Bank...................................

Dec. 28,1910

Knickerbocker Savings and Loan Company-----

May 20, 1911

1
2
1
2
3
1
2
3
1
2
3
1
2
3

Oct. 2, 1911
July 10, 1916
Dec. 21,1910
Feb. 15,1912
June 3,1913
April 1,1911
July 15,1911
Mar. 19,1913
May 15,1911
Dec. 26,1912
Oct. 22,1914
Oct. 27,1911
Dec. 1,1911
Oct. 19,1914

10
6 •
60
15
6
50
25
15
50
8
3
25
15
8

1
2

May
Oct.
June
Aug.
June
Mar.
Feb.
May

18
25
42.63
7.37
11
80
9
*

MevnmrkDwinaker Co-operative Savings and
July 13,1911
Afro-American Investment and Building Company................................................................... July 13,1911
Sept. 23,1911

1

Sea Cliff Bank......................................................

Nov. 23,1911

Excelsior Building and Loan Association..........
Woodlawn Bank...................................................

Jan. 30, 1912
Feb. 10,1912
Oct. 29,1912

2
3
1
2
1

Empire Saving and Loan Association...............
State Savings Bank..............................................

July 29,1912
Dee. 1,1911

Northern Bank of New Y o r k .............................

Dec. 27,1910

Carnegie Safe Deposit Company........................

1
2
1
1
23
4
5
1

2

April 7,1913
Dec. 30,1913
Oct. 22,1914
Mar. 30,1912
July 20,1912
Oct. 5,1012
Oct. 27,1914
June 17,1915
April 17,1911
Nov. 24,1911
Nov. 15,1915
Nov. 14,1916
May 26,1911
Oct. 31,1912
Oct. 29,1915
Aug. 1,1916
♦Dee. 13 ,19M
Oct. 26,1914
Dec. 10,1915
Oct. 30,1914
Oct. 28,1915

1

Feb. 21,1916

2

Carnegie Trust Company....................................

Jan.

Union Bank..........................................................
Industrial Savings and Loan Company.............

April 5,1910
June 29,1912

New York Mortgage Company....... . .................
General ereditors;

June 29,1912

Bank of Caps Vincent.........................................




13,1912
7,1913
12,1912
11,1913
14,1916
14,1912
10,1913
5,1913

7,1911

Jan. 15,1912
May 4,1915

3
4
1
2
3
1
1
2
3
1

75
10
10
15
15
10
4
10
50
10
5
5
25
10
5
5
15
10
10
12
21
flOG
50

S u pe r in ten d en t
P aym ent

of

op

41

B anks

D ividends — Concluded
Dividends paid

N

ame

of

Date of
suspension

I n s t it u t io n

Per
cent

Date

P r iv a t e B an k ers
Adolf Mandel.......................................................

Aug. 3,1914

Deutseh Brothers.................................................

July 31,1914

1
2
1
2

Feb.
July
Mar.
Dec.

9,1915
19,1916
1,1915
23,1915

10
5
20
15

1
2
3
1
2
3
1
2
3
1
2
3

Dee. 16,1914
Oct. 26,1915
Sept. 30,1916
April 29,1915
Mar. 3,1916
Sept. 12,1916
Deo. 21,1914
Mar. 21,1915
July 11,1916
Dee. 21.1914
Nov. 29,1915
Dec. 18,1918

15
5
5
15
10
10
10
10
5
10
15
15

A , L. Schwenk, successor to A. Grochowski &

Company...........................................................

July 23,1914

Abraham L. Kass.................................................

Nov. 30,1914

Y. branch......................

Aug. 4,1914

Max Kobre’s Bank, Brooklyn branch................

Aug. 4,1914

Max Kobre’s Bank, N.

* General creditors paid in full,
f And interest.

T otal D ividends P aid

D ividends aggregating $2,358,468 were paid to creditors o f
defunct institutions and private bankers from December 31, 1915,
up to the tim e o f the submission o f this report. The follow ing
table shows the detail:

Dividends in 1916
Borough Bank, July 10,1916, 6 per cen t....................................................
Carnegie Safe Deposit Company, June 14, 1916, 11 per eent................
Northern Bank, November 14, 1916, 5 per cen t.......................................
Union Bank, August 1, 1916, 5 per cen t.....................................................
Bank o f Gape Vincent, February 21,1916, 50 per eent...........................
Adolf Mandel,.JuIy 19, 1916, 5 per eent.....................................................
L. W . S ch w eA , September 3D, 1916, 5 per cent.......................................
M ax Eobce, New York, July 11,1916, 5 per cen t....................................
M ax Kobre, Brooklyn, December 18,19 1 6 ,1 5 per cen t.........................
GreenpoaHt Fblish Go-oparative Savings & Loan Association, August
4 , 1916, 7 per cen t........................................................................................




$56,635
51,506
276,213
168,826
34,995
94,137
33,765
115,156
169,000

60
43
38
05
02
00
23
74
00

3 ,515 81

42

A n n u a l R epo rt

op t h e

Harbor & Suburban Building and Savings Association, January 7,
1916, 7.181 per cent.....................................................................................
A. L. Kass, March 3 ,1 9 1 6 ,1 0 per cen t...................................................
A. L. Kass, September 12, 1916, 10 per cent..........................................

$4,272 75
121,797 44
121,793 75
$1,251,515 20

Dividends Declared P rior to 1916 But Paid During 1916
A. L. Kass, declared April 29, 1915, 15 per cen t.......................................
Deutsch Bros., declared March 1, 1915, 20 per cen t................................
Deutsch Bros., declared December 23, 1915,15 per cen t................
Adolf Mandel, declared February 9,1915, 10 per cen t............................
M ax K obre, New York, declared December 21,1914, 10 per cen t___
M ax Kobre, New York, declared March 21, 1915, 10 per cen t.............
M ax Kobre, Brooklyn, declared December 21, 1914, 10 per cen t.........
Carnegie Trust Company, declared M ay 26,1911, 25 per cent.............
M ax Kobre, Brooklyn, declared November 29, 1915, 15 per cen t........
Carnegie Trust Company, declared October 31, 1912,10 per cen t----Carnegie Trust Company, declared October 29,1915, 5 per cen t.........

$11,692
2,718
32,554
4,642
2,334
4,831
111,231
102,189
169,860
40,875
20,437

48
80
00
00
14
01
21
29
45
72
86

$503,366 96

Dividends Paid Since Close of the Year
Since the close o f the year dividends have been paid to the
depositors o f the follow ing institutions:
Bank of Wayne, February 9, 1917, 3.22 per cent.....................................
State Savings Bank, January 17, 1917, 11 per cen t...... ...........................
Industrial Savings & Loan Co., February 10, 1917, 10 per c e n t .. ; . .
Carnegie Trust Company, February 23, 1917, 4 per cent.......................
Borough Bank of Brooklyn, February 26, 1917, 7 per cent....................

$1,551
20,366
240,270
277,114
64,282

81
81
62
15
63

$803,586 02

It is expected that in the near future, dividends w ill be paid
to the depositors o f the W ashington Savings Bank, Seacliff Bank
and the New Y ork M ortgage Company and the follow ing private
bankers: A d olf M andel, L. W . Sehwenk and O liner Bros.

D efu n ct I n stitu tion s D issolved

or

C o m plete d

The affairs o f two defunet institutions were brought to a elose
during the past year. They were the Greenpoint Polish Coopera­
tive Savings and Loan Association, which was closed on September
2, 1911, and the H arbor & Suburban B uilding and Savings
Association which had been in liquidation since March 13, 1909.




S u p e r in te n d e n t

of

43

B anks

The follow ing table gives tbe list o f institutions whieh have
been dissolved or completed and final dividends p a id :
Dividends paid
N am e

ot

Date of
suspension

I n s t it u t io n

Per
cent

Date

1
2
3
4

Sept. 1,1910
Deo. 21,1910
Jan. 7,1913
Mar. 31,1914

50
15
10
9

Nineteenth Ward Co-operative Savings and
Loan Association.............................................. July 15,1909
Completed September 30,1910

1

Sept. 30,1910

62.69

Williamsburgh Co-operative Savings and Loan
Association........................................................1 Aug. 19,1909
Dissolved February 9,1914

1

Feb.

36.55

Birkbeek Investment, Savings and Loan Com-j
pany of America...............................................( Dec. 27,1912 |
Dissolved July 29, 1915

1

July 29,1914

100

1
Popular Banking, Savings and Loan Associa-I
tion.................................................................... Mar. 29,1912
Dissolved October 20,1914

1

Oct. 20,1914

286.2

1
2
3
4

April 4,1912
May 9,1912
Feb. 20,1914
Aug. 4,1916

20
12
28
7

1
2

Sept. 20,1910
Jan. 7,1916

9.36
7.181

Union Dime Permanent Loan Association........

April 1,1909

Completed March 31, 1914

Greenpoint Polish Co-operative Savings and
Loan Association.............................................. Sept. 2,1911

9,1914

Dissolved July 17, 1916
Harbor and Suburban Building and Savings
Association........................................................ Mar. 13,1909
Completed January 7,1916

;

C onclusion

I again wish to emphasize the necessity o f co-operation between
government agencies and business interests. Such co-operation is
necessary in preparing to meet present and future financial prob­
lems. A fter nearly three years o f supervising institutions under
the jurisdiction o f the New Y ork State Banking Department, with
nearly $6,000,000,000 o f resources, I believe that the solution o f




44

A n n ual R e p o st

of th e

S u pebin ten ben t

of

B an k s

most o f our problems lies in a system o f com plete eo-operation
between banks and tbe state — co-operation between tbe state and
every officer and director o f banks under its supervision, w ith the
encouragement o f closer understanding and co-operation between
banks and their depositors. I believe that the present system o f
banking should be developed and im proved but not substantially
changed.




R espectfully submitted,
E U G E N E LA M B R IC H A R D S

Superintendent of Banks,




APPENDIX




DETAILED STATEM ENT
OF THE

Condition of the Savings Banks
AND

INSTITUTIONS FOR SAYINGS IN THIS STATE
ON THE

First Day of January, 1917, as Compiled from Their Reports
to the Superintendent of Banks
fTHE BANKS ARE ARRANGED ALPHABETICALLY B Y COUNTIES]




3

[47]

A L B A N Y CO U N TY
1.

ALBANY CITY SAVINGS INSTITUTION, ALBANY

[100 State street.: incorporated 1850]
JOHN E . W AL K E R , President.
W IL L IA M S. H A C K E TT, Treasurer.
GEORGE H. TH ACH ER, Vice-President. PR AN K H. W ILLIA M S, A sst. Treasurer.
JAM ES W. COX, Vice-President.
^

T R U S T IE S
JOHN

E.

W ALK E R ,

JAMES w. cm ,

GEORGE H. THACHER,
A L B E R T HESSBERG,
JONAS H. BROOKS,
E D W AR D J, GALLIEN ,

P. N. BOUTON,
W IL L IA M S. DYER,
JOHN A. D ELEH AN TY,
C H ARLES H. SABIN,
C. L. A. W HITNEY,
W IL L IA M S. H A C K E TT,

P R E D ’K W. KE LLE Y,
W IL L IA M T . M AYER,
P R A N K C. H E RRICK,
E . PA LM E R G A V IT,
W M. J. NELLIS,
HORACE S. B E llL.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges................................................................................ $ 7 ,4 9 7 ,7 4 2 26
Stock and bond investments, v iz .:
Par
M o c k s and bonds
value
Cities in other States..........
$436,000 00
Cities in this State...............
5®, 500 00
Counties in this S tate.........
87,000 00
Tow ns in this State............
184,500 00
V illages in this S tate..........
346,231 04
School districts in this State
259,090 00
R ailroad m ortgage b o n d s .... 2,622,000 00
$4,520,231 04

Original
Estim ated
cost
mastaet value
$458,075 00
$458,405 01
604,971 00
611,628 97
90,120 00
91,417 07
191,227 79
192,588 70
360,826 50
353,805 44
273,202 67
268,159 79
2,819,445 28
2,671,750 60
$4,794,089 35

$4,651,533 87

—
—
—
—
—
.... .....
B anking house and lot, book value, $105,000; cost, $155,000;
actual cash v a lu e ................................................................................
Cash on deposit in banks or tru st com panies..................................
Cash on h an d ................................................................................................
T ota l o f collectible in terest................................................... .................
A m ount o f a ll other assets, v iz .: A ccrued re n ts.............................

4 ,6 5 1 ,5 3 3 87
105,000
337,393
83,970
122,908 48
2 ,1 05 00
$ 1 2 ,8 0 0 ,6 5 4 16

L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal ................................................................................. $11,856,273 00
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1916......................
227,598 01

------------------ $12,077,871 01
Surplus on m arket v a lu e ..........................................................................
722,783 15
$ 1 2 ,8 0 0 ,6 5 4 16
Surplus on par value, $591,480.32.
CASH TRAN SACTIO N 'S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies Janu ary 1,1916,
before transactions o f the d a y ............................................................
F rom depositors, n o t including dividends cred ited .........................
F rom interest on loans, deposits and investm ents.........................




[48]

$410,871 05
2 ,7 5 3 ,2 4 0 54
588,101 57

A l b a n y -County
From
F rom
F rom
F rom
F rom

40

rents from ta n k in g h ouse..........................................................
m ortgages .........................................................................................
redem ption o f stocks and b on d s...............................................
steaks and bands sold (to ta l par value, |P>1»309) . , . .
a ll oth er sources, v iz .;

Profit on bonds sold ............................................................
S atisfaction judgm ent o f deficiency................................
0M bank fixtures sold ................................... ..................

$13,194
829,615
71,108
2 0 0 ,8 0 7

50
85
88
01

$1,336 49
200 09

M? 00
- — ------ —

1 ,083 m
$ 4 ,8 6 8 ,6 2 2 80

PAYM EN TS

T o depositors, in cluding dividends paid t o th em ......................... $ 2 ,5 3 1 ,8 6 8
F o r loans on bonds and m ortga ges...................................................
1 ,2 4 8 ,5 8 0
F o r stocks and bonds purchased, in cluding prem ium s, com m is­
sions, etc. (to ta l par value, $ 6 3 6 ,1 0 0 )........................................
6 2 3 ,8 0 0
F o r interest (oth er titan dividend paym ents t o d e p o s ito rs ). . .
4 ,4 7 2
F o r current expenses o f the bank, v iz .:
F or s a la r ie s ............................................................................
F or t a x e s :
Banking house, $4,068.11; surplus,
$3,958.32; on mortgages, $23................
F o r expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance ..........................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

32
00
92
16

$16,602 00
8,061 e
827 90
888 IS
5.035 n
7,634 14

-----------------Cash on hand a n d .in banks or tru s t .com panies Decem ber 31,
1216, a fter transactions o f the d a y ...............................................

38,536 94
421,364 55
$ 4 ,8 6 8 ,6 2 2 89

S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accounts January 1, 1917......................................
14,979
Num ber o f aeeounts opened or reopened during the y e a r ___
2 ,3 15
Num ber o f accounts closed during the y e a r ....................................
1,715
A m ou n t deposited du rin g the year, n o t in cluding dividends
credited fo r th at p e r io d ....................................................................... $ 2 ,7 5 3 ,2 4 0 54
A m ou n t w ithdraw n during the y e a r ................................................. 2 ,5 3 1 ,8 6 8 32
A m oun t o f dividends credited and paid for the year, v iz .:
Ju ly 1, 1916 ...........................................................................
January 1, 1917 .....................................................................

$221,298 16
227,698 01

-----------------A verage am ount o f each account J anu ary 1, 1917......................
B a te per sent, o f dividends to depositors during the six: m onths
ending Jun e 30, 1916..................................................................... .
B a te p e r em L o f dividends to depositors during the six m onths
en din g Beeaaaber 31, 1916...................................................................
T o ta l earnings o f the hank fo r the year 1916, after allow in g
fo r am ortisation o f p r a n t i n s a nd d iseoa n ts...........................
T o ta l expenses o f the bank fo r th e year 3®t6..................................
D ividends paid to depositors fo r the year 1916.............................
N e t earnings fo r th e year 1916 over expenses and dividends
paid t e depositors ................................................................................




4 4 8 ,8 9 6 17
791 12
4
4
$586,456 51
38,536 94
448,896 17
99,023 40

50

R epo r t
2.

oh

S avin gs B an k s

ALBANY COUNTY SAVINGS BANK, ALBANY

[88 State stre e t; Incorporated 1874]
SETH W HEELER, President.
WM. N. S. SANDERS, Treasurer. .
F. C. CU RTIS, V ice-President.
C. E . BYRON, A ssistant Treasurer.
HENRY H. KOHN, Secretary.

T R U ST E E S
FR ED ER IC C. CURTIS,
SE TH W H E E LE R ,
W M . N. S. SANDERS, .
JOHN R. CARNELL,
W IL L IA M SM ITH,
JAM ES B. LYON,

HENRY R. W R IG H T,
M ALCOLM S. FE A R E Y ,
WM. L. VISSCH ER,
JAM ES M ILW A IN ,
OHAS. R. SU THERLAN D,
GEORGE A. W H ITE ,

N. B . VAN DERZEE,
R IC H A R D STEPHENS,
H E N R Y H. KOHN,
E D W A R D W. RANKIN,
JOHN T . D. BLACKBURN.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges................................................................................ $ 6 ,9 1 5 ,8 1 4 94
Stoek and bond investm ents, v iz .:
P ar
S to c k s a n d b on d s
value
$100,000 00
State o f New Y ork ...............
State o f M assachusetts .......
250,000 00
Cities in other States............
235,000 00
Cities in this State.............. 1,184,500 00
Counties in this State.........
229,000 00
V illages In this S tate..........
10,000 00
School districts in this State
300 00
R ailroad m ortgage bonds ..
878,000 00
$2,886,800 00

O riginal
Estim ated
cost
m arket value
$102,656 25
$106,00000
260,417 50
239,10000
237,619 30
230,40000
1,232,450 38
1,196,00000
233,479 29
233,71000
10,000 00
9,60000
300 00
30000
963,220 87
825 230 00
$3,040,143 59

$2,840,340 00

= = = = = =
^."..■ 2 ,8 4 0 ,3 4 0 00
Banking house and lot, book value, $225,000; cost, $225,000;
actual cash v a lu e.....................................................................................
225,0 0 0 00

Other real estate, book value, $8,258.20; cost, $8,258.20; actual
cash value ........... , .................................................................................
Cash on deposit in banks or tru st com panies...............................
Cash on h a n d ................................................................................................
T ota l o f collectible in terest.....................................................................

8 ,2 58
4 1 0 ,2 6 0
14,142
161,247

20
17
93
08

$ 1 0 ,5 8 1 ,0 6 3 32
L IA B IL IT IE S

A m oun t due depositors, v iz .:
Other lia bilities, v iz .:

P r in cip a l.......................................... $ 9 ,7 8 4 ,9 4 5 16

Dividends accrued on deposits to January 1, 1917—
Expenses incurred, but u n p a id :
A dvertising ......................................................................
L ighting ............................................................................

$94,891 34
512,19
48 78

-----------------Surplus on m arket v a lu e.........................................................................

95 ,45 2 31
700,665 85

$ 1 0 ,5 8 1 ,0 6 3 32
—-----±

Surplus on par value, $747,125.85.

C A SH T R A N S A C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies Ja n u a ry 1, 1910,
b efore transactions o f the d a y ..........................................................
F rom depositors, n o t including dividends cred ited ........... ..........
F rom interest on loans, deposits and in v estm en ts.....................
F rom rents from banking h ou se......... ................................................
F rom m o r t g a g e s ...................... ..................................................................
F rom redem ption o f stocks and bon d s...............................................
F rom real estate s o ld ........... ....................................................................
F rom a ll other sources, v iz .: Cash o v e r...........................................




$478,111 94
2 ,8 8 9 ,8 6 6 52
466,7 9 9 75
4 ,6 5 0 46
1 ,2 2 5 ,3 3 1 33
14,800 00
8 ,3 0 5 94
251
$ 5 ,0 8 7 ,8 6 8 45

51

A l b a n y C ounty
P AYM EN TS

T o depositors, in cluding dividends pa id t o th em ........................... $ 2 ,3 7 0 ,7 3 1 80
F o r loans on bonds and m ortga ges...................................................... 1 ,8 6 8 ,3 8 2 53
F o r stocks and bonds purchased, including premiums, com ­
m issions, etc. (to ta l par value, # 3 5 0 ,0 0 0 )..................................
357,888 84
F o r interest (other than dividend paym ents to depositors) . .
. 3 ,0 3 5 18
F o r cu rrent expenses o f the bank, v iz .:
F o r s a la r ie s ............................................................................
F or t a x e s : Banking house, $4,130.32; surplus,
$5,737.27 ..................................................................................
F or expenses, except taxes, o f banking h ou se:
Repairs ..............................................................................
Insurance ..........................................................................
O t h e r ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

$18,350 86
9,867 59
316 57
133 48
2,702 81
9,398 30

40 ,76 9 61
F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ..................................................................................
Other paym ents, v iz .:
Advances fo r insurance, redating search, etc..............
Cash s h o r t ................................... ..........................................

1 6,564 14

$90 25
3 00

93 25
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ............................................

430,403 10
$ 5 ,0 8 7 ,8 6 8 45

S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accounts Janu ary 1, 1917...................................
13,602
N um ber o f accounts opened or reopened du rin g the y e a r ____
3 ,0 86
N um ber o f accounts closed during the y e a r ....................................
1,981
A m ou n t deposited during the year, n ot in cluding dividends
credited fo r th a t p erh xl....................................................................... $ 2 ,8 8 9 ,8 8 6 52
A m oun t w ithdraw n durin g the y e a r ...................................................
2 ,3 7 0 ,7 3 1 80
Am ou nt o f dividends credited and p a id fo r th e year, v iz .:
A p ril 1, 1916 ............................................................................
October 1, 1916 ........................................................................

$175,888 <5
3
184,079 78

A verage am ount o f each account Ja n u a ry 1, 1917.......................
R a te per cent, o f dividends to depositors du rin g th e s ix m onths
ending A p r il 1, 1916.............................................................. ...............
R a te per cent, o f dividends to depositors du rin g the s ix m onths
ending October 1, 1916.........................................................................
T ota l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f prem ium s and discou n ts.............................
T ota l expenses o f the bank fo r the year 1916...............................
D ividends paid t o depositors fo r th e year 1916.............................
N et earnings fo r th e yea r 1916 over expenses and dividends
paid to d ep ositors....................................................................................




359.967 83
719 37
4
4
$476,510 11
4 0 ,7 9 0 89
3 59.967 83
7 6,751 39

R epo et

52

ok

S ayings B an k s

3. ALBANY EXCHANGE SAVINGS BANK, ALBANY
[450 B ro a d w a y ; incorporated 1856]
M ARTIN T . NACHTMANN, President, M A TT H E W J. W ALLA C E, V ice President.
ALDEN CHESTER, Vice-President.
JO SE PH GUARDENIER, Treasurer.
LE M U E L B. W IL M A E TH , A sst. Treas.

TRUSTEES
JOHN J. GALLOGLY,
M A TT H E W J. W ALLACE,
JACOB S. FRIEDM AN,
D. C. SLINGEBLAND,
ALD E N CHESTER.
C H ARLES H. TURNER,
JOHN A . BECKER,

THOM AS E. FINBGAN,
M. T. NACHTMANN,
W . S. VAN B E B ZE E ,
L E ST E R H. H E LM 1S,
F R E D ’ K W. CAMERON,
A R TH U R T. PALM ER,

JAM ES H. M EAD,
JOSEPH GU A R DSN IE R,
HUGH A. ARNOLD,
GEORGE B . RUSSELL,
H EN RY H. B-ENNIT,
CHAS. H. HAHN.

F IN A N C IA L
RESOURCES

Bonds and m ortgages........................................................................... .. $ 2 ,2 1 0 ,3 1 7 50
Stack and bond investm ents, v iz .:
S to c k s a n d b on d s

Cities in other S t a t e s ............
Cities in this State ...............
Counties in this State .........
Tow ns in this State ..............
Vlllaffes in this State ..........
School districts in this State
R ailroad m ortgage bonds . . .

P ar
value
$188,620 00
257,717 50
12,000 00
50,175 60
190,917 04
109,780 00
547,000 00
$1,456,209 54

Original
Estim ated
cost
m arket value
$197,332 30
$200,685 30
377,808 81
371,248 93
11,930 00
12,130 90
52,463 77
52,416 65
n ew 8
2
185,684 78
115,403 20
114,732 35
594,077 60
519,050 00
$1,547,436 39

$1,459,026 02

—
============= ......................
B anking house and lot, book value,$44,148.78; cost, $44,148.78;
actual cash v a lu e ....................................................................................

1 ,4 5 9 ,0 2 6 02

C a sh o n d e p o sit in ba n k s o r t r u s t c o m p a n ie s .................................

1 7 4 ,1 0 3 45

Cash on h a n d ...............................................................................................
T o ta l o l collectible in terest.....................................................................
A m oun t o f a ll other assets, v iz .: Rents a ccru ed.........................

4 ,9 5 2 94
6 0 ,76 2 60
50 00

44 ,14 8 78

$ 3 ,9 5 3 ,3 6 1 29
L IA B IL IT IE S

A m ount due depositors, v iz .:
Other liabilities, v iz .:

P r in cip a l..........................................

Dividends accrued on deposits to January 1, 1917....
Expenses incurred, but unpaid :
Taxes on banking house accrued..............................
Taxes on p ar value surplus accrued ......................
Elevator rent accrued .................................................

$ 3 ,6 3 8 ,4 7 1 08

$84,6® 48
1,114 55
1,121 84
112 59

----------------

3a,M 3 87

Surplus m market v a lu e .........................................................................

277,970 34
$3,.953,.361 29

Surplus on par value, $275,159.86.
CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1, 1916,
b efore transactions o f the d a y ..........................................................
F rom depositors, n ot including dividends cred ited .......................
From interest on loans, deposits and investm ents......................
F rom rents from banking h ou se............................................................
F rom m ortga ges................................................................ ........................
F rom redemption o f stocks and b o n d s ,.............................................




$142,718
1 ,1 3 1 ,3 1 2
170,178
952
153,175
52,791

46
72
09
28
00
55

53

A lb a n y C ou nty
From all other sources, viz.:
Cash o v e r ................................................................................
Insurance premiums advanced, refunded....................
M ortgage recording tax. refunded ..................................
A ppraisal fee, refunded ....................................................
Rebate on insurance premiums .....................................

$12
47
9
3
12

78
00
00
00
01

$83 77
$ 1 ,6 5 1 ,2 1 1 87

PAYM EN TS

T o depositors, including dividends paid to th em .........................
F o r loans on bonds and m ortga ges.....................................................
F o r stocks and bonds purchased, including prem ium s, com m is­
sions, etc. ( total par value, $ 3 6 2 ,0 6 5 )........................................
F o r interest ( other than dividend paym ents to d e p o s ito r s ). .
F or current expenses o f the bank, v iz .:
For salaries ...........................................................................
F or taxes : Banking house, $1,182.86; surplus, $2,160.10;
on mortgages, $40.50
...............................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance . ............................................................
Other .................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se..

$894,248 52
184,235 00
371,018 72
4 ,5 5 3 91

$9,180 00
3,383 26
33 99
165 82
1,527 55
3,710 61

— --------------

. 18,001 23

Other paym ents, v iz .:
Cash short . . ......................................................................
Insurance premiums advanced .........................................
Settlem ent o f suit by depositor ......................................

$1 10
47 00
50 00

-----------------Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y .................................................

98 10
179,056 39
$ 1 ,6 5 1 ,2 1 1 87

S T A T IS T IC A L IN FO R M A TIO N
6 ,3 7 6
Num ber o f open accounts Janu ary 1, 1917......................................
1,120
Number o f accounts opened or reopened during the y e a r -----N um ber o f accounts closed du rin g the y e a r ....................................
802
A m ou n t deposited du rin g the year, n ot including dividends
credited fo r th at p e r io d ....................................................................... $ 1 ,1 3 1 ,3 1 2 72
A m ount w ithdraw n during the y e a r ...................................................
• 894,248 52
A m oun t o f dividends credited and pa id for the year, v iz .:
A pril 1, 1916 .........................................................................
O ctober 1, 1916 ........................................................................

$64,438 53
67,865 96

A verage am ount o f each account Janu ary 1, 1917......................
R a te per cent, o f dividends to depositors during the six m onths
ending June 30, 1916..............................................................................
R a te per cent, o f dividends to depositors during the six m onths
ending December 31, 1916.....................................................................
T ota l earnings o f the bank for the year 1916, after allow in g
fo r am ortization o f premiums and discou n ts.............................
T ota l expenses o f the bank fo r the year 1916..................................
D ividends paid to depositors fo r the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors.....................................................................................




132.304 49
570 65
4
4

175,369 38
18,091 96
132.304 49
2 4 ,97 2 93

54

R eport

on

S avin gs B an k s

4. ALBANY SAVINGS BANK, ALBANY
[20 N orth Pearl stre e t; Incorporated 1820]
M ARCUS T . HUN, President.
H E N R Y D. RODGERS, Treasurer.
L E D YA R D COGSW ELL, Vice-Pres.
F R E D E R IC K TOW NSEND, Secretary.
THOS. I. V A N A N TW E R P, V ice-Pres.
E D W A R D J. TOOLE, A sst. Treasurer.
JOHN T . PE R R Y , Assistant Secretary.

T R U S T IE S
M ARCUS T. HUN,
GRANGE SARD,
L E D YA R D COGSWELL,
E D W AR D BOW DITCH,
e d w a r d n . M cK i n n e y ,
A R TH U R W . ELTIN G,

BEN JAM IN W. ARNOLD,
F R E D ’ K TOWNSEND,
JAM ES F. TRACY,
E. N. HUYCK,
G E R R IT Y. LANSING,

W M. V . R. ERVING,
T . I. VAN A N TW E R P,
H ENRY M . SAGE,
L U TH E R H. TUCKER,
R OBERT C. PRUYN,
OSCAR L. HASCY.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges................................................................................. $ 2 1 ,1 3 8 ,3 8 3 00
Stock and bond investments, v iz .:
Par
value
State o f New York ...............
$136,000 00
State o f M assachusetts .......
50,000 00
Cities in other States ............ 3,022,503 00
C ities in this S t a t e ............... 2,258,830 64
Counties in this State .........
943,954 43
Villages in this State ..........
20,000 00
School districts in this State
15,700 00
R ailroad m ortgage bonds . . . 9,659,000 00
S to c k s a n d bonds

Original
Estimated
cost
m arket value
$140,904 85
$144,640 00
47,500 00
55,169 00
3,046,005 00
3,227,478 71
2,314,593 39
2,417,829 46
943,883 06
1,002,530 72
20,000 00
21,746 87
15,928 00
16,600 00
8,895,720 00
10,140,377 08

$16,106,985 07 $17,022,636 69 $15,428,269 45

P rom issory notes payable on dem and...............................................
Banking bouse and lo t, book value, $225,000; cost, $395,939.30;
actual cash value ..................................................................................
Other real estate, book value, $673,615.27; cost, $676,170.78;
actual cash v a l u e ..................................................................................
Cash on deposit in banks or tru st com panies...............................
Cash on h a n d ................................................................................................
T ota l o f collectible in terest.....................................................................
A m oun t o f a ll other assets, v iz .: Rents a ccru ed .........................

1 5 ,42 8 ,2 6 9 45
5 0 0 .0 0 0 00
225.000 00
533.000
1 ,8 2 6 ,1 6 6
154,479
330,587
1 ,5 00

00
54
33
10
00

$ 4 0 ,1 3 7 ,3 8 5 42
L IA B IL IT IE S

A m oun t due depositors, v iz .;
P rincipal ..................................................................................$36,832,834 18
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31,1916.........................
7#,506 85

------------------ $3 7 ,5 4 2 ,3 4 1 03
Surplus on m arket v a lu e .........................................................................
2 ,5 9 5 ,0 4 4 39
$ 4 0 ,1 3 7 ,3 8 5 42
Surplus on par value, $3,272,760.01.
CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies J anu ary 1, 1916,
b efore transactions o f the d a y ............................................................ $ 2 ,7 0 6 ,8 6 3
F rom depositors, n o t in cluding dividends cred ited ...................... 7 ,6 6 7 ,5 6 1
F rom interest on loans, deposits and investm ents.......................
1 ,7 2 9 ,0 5 0
F rom rents from other real esta te....................................................
4 1 ,10 3
F rom m o r tg a g e s ..........................................................................................
1 ,4 9 5 ,4 4 0
F rom redem ption o f stocks and b on d s..............................................
308,352
F rom stocks and bonds sold ( total par value, $ 5 5 0 ,0 0 0 )-------521,297




42
26
92
30
00
82
85

A l b a n y C o u nty

55

From all other sources, viz.:
R efund o f appraisals, attorney’s fees, premium on
surety bonds, advances fo r foreclosure search es...
Sale o f old material .........................................................
B efund over credit o f interest, overcharge water
rents, overcharge on purchase o f bonds......................

$405 97
30 47
21 33

------------------

$457 77
$ 1 4 ,4 7 0 ,1 2 7 34

P AYM EN TS

T o depositors, in cluding dividends paid to th e m ........................... $ 6 ,9 4 8 ,1 3 8
1 ,1 1 7 ,1 7 5
F o r loans on bonds and m ortgages ...............................................
5 00,000
F o r loans on stocks and bonds and other secu rities..................
F o r stoeks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l par value, $ 3 ,49 7 ,7 7 5 )......................................
3 ,5 6 3 ,7 1 8
30 ,73 4
F o r interest (other than dividend paym ents to d e p o s ito r s )..
F o r current expenses o f the hank, v iz .:
F or s a la r ie s ............................................................................
F or ta x e s : Banking house, $7,292.19 ; surplus, $20,818.64 .......................................................................................
F or expenses, except taxes, o f banking h o u s e :
Repairs ..............................................................................
Insurance ..........................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z :
R e p a ir s ..............................................................................
Insurance .........................................................................
T axes .................................................................................
O t h e r ..................................................................................
F o r other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se..

07
00
00
03
38

$44,317 20
28,110 83
212 37
340 88
5,126 87
26,866
2,565
10,012
16,128

51
68
26
74

14,596 48

148,277 52
F o r real estate acquired by foreclosure, or in settlem ent o f
debts due the b a n k ..................................................................................
Other paym ents, v iz .: D ividends paid depositors, n ot credited
Cash on hand and in banks o r tru st com panies December 31,
1916, after transactions o f the d a y .................................................

181,429 85
8 62
1 ,9 8 0 ,6 4 5 87

$ 1 4 ,4 7 0 ,1 2 7 34
S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accounts Janu ary 1, 1917......................................
54 ,01 0
Num ber o f accounts opened or reopened du rin g the y e a r .........
7 ,9 1 8
N um ber o f accounts closed du rin g the y e a r ....................................
6 ,4 4 6
A m oun t deposited during the year, n ot including dividends
credited fo r that p e rio d ....................................................................... $ 7 ,6 6 7 ,5 6 1 26
A m oun t w ithdraw n during the y e a r ...................................................
6 ,9 4 8 ,1 3 8 07
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1916 .............................................................................
January 1, 1917 .......................................................................
Paid but not credited .........................................................

$689,251 10
709,506 85
8 62

1 ,3 9 8 ,7 6 6
R a te per cent, o f dividends to depositors during the six m onths
ending June 30, 1916..............................................................................
R a te per cent, o f dividends to depositors during the six m onths
ending December 31, 1916.....................................................................
T o ta l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f premiums and d iscou n ts............................. $ 1 ,7 4 4 ,7 1 3
T ota l expenses o f the bank fo r the year 1916...............................
148,277
D ividends paid to depositors for the year 1916...........................
1 ,3 9 8 ,7 6 6
N e t earnings fo r the year 1916 over expenses and dividends
pa id to dep ositors....................................................................................
197,669




57
4
4
37
52
57
28

56

R eport on S avin gs B a n k s
5.

COHOES SAVINGS INSTITUTION, COHOES

[65 Remsen stre e t; incorporated 1851]
GEORGE H. M eDOW ELL, President.
JAM ES W . A B L E T T , V ice-President.
GEO. R. W ILSDON, V ice-President.
CHARLES R. FORD, Treasurer.

TRUSTEES
H EN RY A . STRONG,
GEO. H. MCDOWELL,
JAM ES W . A B LE T T ,
GEORGE R. W ILSDON.
GEORGE A . H A RPER,
JOHN W. K LIN E,

JAM ES A I T K I N ,
JOHN LAU GHLIN ,
M E R R IT T D. HANSON,
W IL L IA M D. BOSW ELL,
CH A R LE S R. FORD,
IS A IA H FE LLO W S,

JOHN F. SCOTT,
JA M E S S. CALK INS,
JOHN F. M cG AR R A H A N ,
C H A R LE S L . M ITC H ELL,
W IL L IA M J. E L LIO T T ,
NAPOLEON FAVREAU.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges..................................................................................

$ 1 ,7 8 0 ,5 4 5 00

Stock and bond investments, viz.:
P ar
value
$50,000 Q
0
20,000 00
605,000 00
649,786 42
40,000 00
20,000 00
126,708 00
545,000 00

s t o c k s a n d 'bonds

State o f New York ...............
State o f California .................
Cities in other States ..........
Cities in this State ...............
Counties in this S ta te..........
Tow ns in this State ............
V illages in this State............
R ailroad mortgage bonds ,.

$2,056,494 42

Banking
actual
Cash on
Cash on
T ota l o f

Original
Estim ated
cost
m arket value
|53,181 25
$56,20000
19,181 40
20,40000
633,711 16
630,37000
658,385 55
657,72436
44,955 25
40,000 00
20, m 00
19,920 00
134,324 62
126,108 00
547,290 48
489,450 00
$2,111,150 71

$2,040,172 36

—
=====.....==.. =
=
house and lot, book value, $25,000; cost, $55,770.49;
cash v a l u e .....................................................................................
deposit in banks or tru st com panies................................
h a n d ............................................................................................
collectible in terest.....................................................................

2 ,0 4 0 ,1 7 2 36
2 5 ,00 0
160,889
13,358
3 7 ,65 0

00
19
46
83

$ 4 ,0 5 7 ,6 1 5 84
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal .................................................................................. $3,632,712 69
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1916 ......................
69,310 59

------:------------ $ 3 ,7 0 2 ,0 2 3 28
Surplus on m arket va lu e.......................................................... ............ .
355,592 56
$ 4 ,0 5 7 ,6 1 5 84
.....................- ........

Surplus on par value, $371,914.62.

C ASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS .

Cash on hand and in banks or tru st com panies Janu ary 1,1 91 6 ,
before transactions o f the d a y ............................................................
F rom depositors, n ot including dividends cred ited .........................
F rom interest on loans, deposits and investm ents......................
From m ortgages .........................................................................................
From redemption o f stocks and b on d s..........................................
F rom stocks and bonds sold ( tota l par value, $ 1 3 6 ,5 0 0 ).........
F rom a l other sources, v iz .:
Rebate of taxes and insurance........................................
Deposits in pocket banks ..................................................
Advanced taxes, refunded .................................................
From redemption o f judgm ents against the State o f
New York ..........................................................................




$120,954
827,751
173,015
154,631
38,107
139,359

11
01
26
00
00
99

$19 12
90 00
155 24
4,956 76

-------------------------------------- 5 ,2 21 12
$ 1 ,4 5 9 ,0 3 9 49

57

A l b a n y C o u n ty
P AYM EN TS

T o depositors, in cluding dividends paid to th em ........................
F o r loans on bonds and m ortga ges......................................................
F or stocks and bonds purchased, in cluding prem ium s, com m is­
sions, etc. (to ta l par value, $ 2 6 0 ,0 0 0 )..........................................
F o r interest (oth er than dividend paym ents to depositors) . .
F o r current expenses o f the bank, v iz .:
F or s a la r ie s ............................................................................
F or ta x e s: Banking house, $768.02; surplus, $2,835.10..
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
I n s u r a n c e ..........................................................................
Other ..................................................................................
For expenses o f other real estate, v i z :
Taxes ..................................................................................
O t h e r ..................................................................................

$714,472 86
275,6 9 0 00
2 75,657 91
3 ,3 4 3 46

$?,920 00
3,638 12
516 51
154 03
369 44
90 68
2,789 59

Other paym ents, v iz .: Taxes advan ced.............................................
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y .................................................

15,472 37
155 24
174,247 65
$ 1 ,4 5 9 ,0 3 9 49

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts Janu ary 1, 1917......................................
N um ber o f accounts opened or reopened du rin g the y e a r .........
N um ber o f accounts closed du rin g the y e a r ....................................
A m oun t deposited du rin g the year, n ot in cluding dividends
credited fo r that p e r io d .........................................................................
A m ount w ithdraw n during the y e a r ...................................................
A m oun t o f dividends credited and paid fo r the year, v iz .:
July 1, 1916 ............. ...............................................................
January 1, 1917 ......................................................................

$827,751 01
714,472 86

$67,151 71
69,310 59

A verage am ount o f each account Janu ary 1, 1917....................
R a te per cent, o f dividends to depositors du rin g the six m onths
ending June 30, 101*6..............................................................................
R a te per cent, o f dividends to depositors durin g the six m onths
ending December 31, 1916...................................................................
T ota l earnings o f the bank fo r the year 1916, after allow in g
fo r am ortization o f premiums and discou n ts.............................
T ota l expenses o f the hank fo r th e year 1916...............................
D ividends paid to depositors fo r the year 1916...........................
N et earnings fo r the. year 1916 over expenses and dividends
paid to d e p o s it o r s ..................................................................................




8 ,2 36
1,431
1,0 46

136.462 30
449 49
4
4
$173,492 51
15,627 61
136.462 30

21,402 60

R eport oh S a vin g s B a n k s

58

8. HOME SAVINGS BANK OF THE CITY OF ALBANY, ALBANY
[13 N orth Pearl stre e t; incorporated 1871]
THOM AS AUSTIN, President.
WM. P. HOURIGAN, Treasurer.
SAMUEL L. MUNSON, Vice-President.
J. ED W AR D POOLE, Secretary.
HOW ARD N. FU LLER, Vice-President. A R TH U R H. GEER, A s s t Treasurer.

TR U STE E S
TH OM AS AUSTIN,
1AVID A. THOMPSON,
AM UEL L. MUNSON,
HENRY RUSSELL,
W IL L IA M SAYLES,
M. W . TEBBU TT,

J

SAM UEL C. W OOSTER,
W IL L IA M MCDONALD,
H OW ARD N. PU LLER,
TH OM AS R. W ARD. J r .,
H IL D R E T H J. ACKROYD,
J. E D W A R D POOLE,

W. W. BATC H E LD E R ,
GEO. W. VAN SLYKE,
SILAS SPORBORG,
WM. P. HOURIGAN,
OTTO SCHOLZ.
W M. T. BYRNE,

F IN A N C IA L
RESOURCES

Bonds and m ortgages..................................................................................
Stock and bond investm ents, viz.:
S to c k s and b onds

State o f Colorado ...................
State o f New M exico............
State o f Oklahoma .................
State o f Tennessee ...............
C ities in other States..........
Cities in this State ...............
Counties in this State .........
Tow ns in this State ..............
V illages in this S tate............
School districts in this State
R ailroad m ortgage bonds —

P ar
value
$20,200 00
30,000 00
25, (W 00
0
39,304 00
353,833 38
214,932 95
10,000 00
35,347 65
184,495 05
119,005 97
2,156,742 00
$3,188, Ml 00

$ 6 ,6 0 5 ,2 2 9 43

Estimated
Original
m arket value
cost
$16,160 00
$20,200 00
31,600 00
30,482 40
25,750 00
24,937 50
40,2® 12
40,232 81
376,047 93
377,346 56
219,075 00
232,938 08
10,030 00
9,863 44
35,715 65
36,455 24
187,218 76
183,431 90
124,359 35
121,211 70
2,090,292 32
2,155,808 41
$3,246,055 69

$3,153,384 48

—
—
= = = = = ........... .— * 3 ,1 5 3 ,3 8 4 48
.:
Banking house and lot, book value, $100,000; cost, $100,987.57;
actual cash value ................................................. ...................................
100,00 00
Other real estate, book value, $33,800; cost, $33,354.49; actual
cash v a l u e ..................................................................................................
33,354 49
Cash on deposit in banks or tru st com panies.................................
812,657 05
Cash on h a n d ..................................................................................................
8 ,9 0 3 41
T ota l o f collectible in terest.......................................................................
77 ,66 8 08
A m ount o f a ll other assets, v iz .:
Accrued rents ........................................................................
Taxes and insurance advanced ........................................

$1,109 65
391 22

-------------------------------------- 1 ,5 0 0 87
$ 1 0 ,7 9 2 ,6 9 7 81
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal ..................................................................................$9,860,460 69
Dividends credited o r to be credited fo r the six
m onths ending with December 31, 1916......................
187,437 16

------------------ $ 1 0 ,0 4 7 ,8 9 7 85
Other liabilities, v iz :
Dividends accrued on deposits to January 1, 1917—
Expenses incurred, but u n p a id : A dvertising, ligh t
and power ...........................................................................

$412 20
299 76

-------------------------------------- 71196
Surplus on m arket va lu e...........................................................................
744,088 00

Surplus on par value, $623,711.49.

$ 1 0 ,7 9 2 ,6 9 7 81
========:=:==;:

C ASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies J anu ary 1 ,1 91 6 ,
before transactions o f the d a y ..........................................................
F rom depositors, n ot in cluding dividends cred ited .......................
F rom interest on loans, deposits and investm ents......................
F rom rents from banking h ou se............................................................




$475,486
2 ,3 4 0 ,9 3 8
5 26,489
7 ,0 2 3

48
57
86
33

A l b a n y C o u n ty

59

Jb'ium rents from other real estate..............................................
F rom
F rom
F rom
From

$74 00

m o r tg a g e s ...........................................................................................
redem ption o f stocks and b on d s...............................................
stocks and bonds sold (to ta l par value, $ 1 ,1 5 7 ,8 8 5 .1 5 )..
a ll oth er sources, v iz .:

Refund appraisal expenses, taxes and insurance,
m ortgage tax, repairs, com pensation in s...................
Sale o f old paper .................................................................
Rebate on furniture and fixtures insurance...................
Overcredit o f interest refunded........................................

$1,914
13
10
28

903,285 00
148,861 33
1 ,2 0 5 ,0 7 2 68

87
33
10
67

1 ,9 64 97
$ 5 ,6 0 9 ,1 9 6 22
======....=

P A YM E N TS

T o depositors, including dividends paid to th em ...........................
F o r loans on bonds and m ortga ges......................................................
F or stocks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l par value, $ 1 ,39 8 ,2 4 2 )......... ............................
F o r interest (other than dividend paym ents to depositors) . .
F o r current expenses o f the bank, v iz .:
F or s a la r ie s ............................................................................
F or t a x e s : Banking house, $2,809.08; surplus, $5,535.58; on mortgages, $330.58........................................
F or expenses, except taxes, o f banking h o u se :
R e p a ir s ..............................................................................
Insurance ..........................................................................
Other .................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
O t h e r ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

52,111,667 40
1 ;1 8 3 ,7 0 0 00
1 ,3 9 8 ,8 9 0 41
14,990 81

$20,450 90
8,875 19
471 58
499 49
3,752 91
229 80
24 49
9,357 45

43,461 81
F o r real estate acquired by foreclosure, or in settlem ent o f
debts due the b a n k ................................................................................
Other paym ents, v iz .:
Insurance premiums and t a x e s ........................................
E rrors in c a s h .......................................................................
E q u ip m e n t......................................................................................

3 3 ,35 4 49

$520 81
69 65
98038

1 ,5 70 84
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y .................................................

821,560 46

$ 5 ,6 0 9 ,1 9 6 22
S T A T IS T IC A L IN F O R M A T IO N
=
=
14,413
N um ber o f open accounts Janu ary 1, 1917......................................
2 ,8 29
Num ber o f accounts opened or reopened durin g the y e a r .........
1,822
Num ber o f accounts closed during the y e a r ......................................
A m oun t deposited during the year, n ot including dividends
credited fo r that p e rio d ....................................................................... $ 2 ,3 4 0 ,9 3 8 57
A m ou n t w ithdraw n during the y e a r ...................................................
2 ,1 1 1 ,6 6 7 40
A m ount o f dividends credited and pa id for the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917 .......................................................................
Credited at other periods ..................................................

$180,361 36
187,437 16
1,607 23

A verage am ount o f each account J anu ary 1, 1917......................
R a te per cent, o f dividends to depositors during the six m onths
ending June 30, 1916..............................................................................
R a te per cent, o f dividends to depositors durin g th e s ix m onths
ending December 31, 1916..................................................................
T o ta l earnings o f th e hank fo r the year 1916, a fter allow in g
fo r am ortization o f prem ium s and d iscou n ts.............................
T ota l expenses o f th e bank fo r th e year 1916.................................
D ividends paid to depositors fo r the yea r 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to d e p o s it o r s ..................................................................................




369.405 75
697 14
4
4
$535,110 63
44 ,62 7 04
3 69.405 75
121,077 84

60

R

eport on

S avings B an k s

7. THE MECHANICS & FARMERS SAVINGS BANE, ALBANY
[63 State stre e t; Incorporated 18551
DUDLEY OLCOTT, President.
R O B E R T OLCOTT. Treasurer.
C H ARLES NEWMAN, V ice-President.
CLARENCE W . STEVENS, Secretary.
IR A P. JAGGER, A ssistant Treasurer.

TR U STE E S
DU DLEY OLCOTT,
C H A R LE S NEWMAN,
D A N IE L LEONARD,
R O B E R T OLCOTT,

JAM ES M cC R E D IE ,
N ATH AN H ATCH.
P A R K E R CORNING,
W IL L A R D M. DOUGLAS,
ISAAC D. F. LANSING,

A . PA G E SM ITH ,
C H ARLES H, DOUGLAS,
JOHN T . NORTON.
W A L T E R L. PALM ER.

FINANCIAL
RESOURCES

Bands and m ortga ges..................................................................... .............
Stock and bond investments, v iz .:
S to o k s an d bonds

State o f New York .................
State o f M assach usetts........
Cities in other S t a t e s ............
Cities in this State ...............
Counties in this S t a t e ..........
R ailroad m ortgage bonds . . .

Par
value
$25,000 00
25,000 00
511,000 00
627,717 37
15,000 00
636,000 00
$ 1, 739,717 37

$851,295 62

Original
Estimated
cost
market value
$25,095 40
$26,50000
25,375 00
23,00000
541,567 72
611,80000
548,970 57
517,76737
15,000 00
15,10000
696,383 75
588,24000
$ 1, 852,392 44

$ 1, 682,407 37

................'...^
.....
—
..*....
Other real estate, book value, $10,000; cost, $10,000; actual
cash v a l u e ..................................................................................................
Cash on deposit in banks or tru st co m p a n ie s ................................
T ota l o f collectible in terest.....................................................................

1 ,6 8 2 ,4 0 7 37
10,000 00
261,728 88
31,136 33
$ 2 ,8 3 6 ,5 6 8 20

L IA B IL IT IE S

A m ount due depositors, v iz .: P r in cip a l........................................... $ 2 ,3 7 6 ,7 2 0 27
©fcher lia bilities, v iz .: D ividends accrued on deposits to Janu­
a ry 1, 1917..................................................................................................
2 1 ,62 0 GO
Surplus on market v a lu e .................. ...................................................
438,227 93
$ 2 ,8 3 6 ,5 6 8 20
Surplus on par value, $495,537.93.
C ASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or trust com panies Janu ary 1, 1916,
before transactions o f the d a y ........................................................
F rom depositors, n o t in cluding dividends cred ited ......................
F rom interest on loans, deposits and investm ents.......................
F rom m o rtg a g e s ..........................................................................................
F rom redem ption o f stocks and b on d s...............................................

$199,881
485,091
113,852
4 4 ,0 6 4
28 ,50 0

08
06
39
01
00

$871,388 54
PAYMENTS
T o depositors, in cluding dividends p a id t o th em ...........................
F o r loans o n bonds and m ortga ges.....................................................
F o r stocks and bonds purchased, in cluding prem ium s, com m is­
sions, etc. ( tota l par value, $ 2 7 ,0 0 0 )........... ............................ ....
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .




$468,676 15
85,677 42
2 7 ,5 6 7 27
201 00

A lban y County

61

For current expenses o l the bank, v iz .:
F or s a la r ie s ............................................................................
F or ta x e s: Surplus, $3,935.27.............................................
F or rent o f banking r o o m s ...............................................
F or expenses o f other real estate, v i z ,:
Insurance ......................................................................
Taxes .............................................
F or other expenses, not including expenses o f other
real estate -nor other expenses o f banking hou se..

$3,850 00
3,935 27
3,009 00
135 24
594 42
626 75

----------------For real estate acquired by foreclosure, or in settlement of
debts due the bank..........................................................................

#12,141 68
10,000 00

Other paym ents, v iz .:
Foreclosure c o s t s ................
Loss on property obtained in foreclosure....... ; ...........
Adjustm ent o f dividends.....................................................
Judgm ent costs .....................................................................

$410 00
4,951 14
20 00
15,00

------:---------Cash on hand and in banks or trust companies December 31,
1916, after transactions of the d a y ...........................................

5,396 14
261,728 88
$871,388 54

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917......................................
N um ber o f accounts opened or reopened during the y e a r .........
Num ber o f accounts closed during the y e a r ....................................
A m oun t deposited du rin g the year, n ot including dividends
credited fo r th at p e r io d .......................................................................
A m oun t w ithdraw n during the y e a r ...................................................
A m oun t o f dividends credited and paid for the year, v iz .:
A pril 1, 1916 ...........................................................................
O ctober 1, 1916 ......................................................................

4 ,221
512
410
$485,091 06
4 68,676 15

$43,289 94
43,757 26

A verage am ount o f each account January 1, 1917.........................
R a te per cent, o f dividends to depositors during the six m onths
ending M arch 31, 1916.........................................................................

87.047 20
563 07
3 % and 4

R a t e p er cen t, o f d iv id e n d s t o d e p o s ito r s d u r in g th e s ix m o n th s

ending September 30, 1916.................................................................
T ota l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f prem ium s and d iscou n ts.............................
T otal expenses o f the bank fo r the year 1916.............................
D ividends paid to depositors fo r the yea r 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
paid to d e p o s it o r s ..................................................................................




3 % and 4
$110,395 99
12,141 68
87.047 20

11,207 11

62

R epo et on S avin g s B a n k s
8.

MECHANICS’ SAVING BANK, COHOES

[89-91 Remsen s tr e e t; incorporated 1873]
RODNEY W ILCOX, President.
JAM ES S. CLUTE, Treasurer.
HUGH GRAHAM, Vice-President.
G. W. HUMPHREY'S, Secretary.
GEORGE OLIVER, Vice-President.

TR U STE E S
RODNEY W ILCOX,
C. J. GRIFFIN ,
F R A N K TESSIER,
ED W AR D FOLEY.
JA M E S S. CLUTE,
j o h n e . Ma c l e a n ,

G. W. HU M PHREYS,
W M. B. LE ROY,
HUGH GRAHAM ,
GEORGE OLIV E R,
W IL L IA M E. THORN,
AN D R E W SCOTLAND,

R IC H A R D BOLTON,
JOHN E. R E A V Y,
JA Y G ILB E RT,
THOS. H. SPRAGUE,
H ENRY L. SHAVER,
S. T. PAGE.

F IN A N C IA L
RESOURCES

Bonds and m ort gages
Stock and bond investments, v iz .:

$ 1 ,0 8 7 ,5 7 7 00

P ar
value
$59,500 09
i27,340 00
14,780 00
51,300 00
10,000 00
415,000 00

S to c k s and bon d s

Cities in other States .........
Cities in this State ...............
T ow ns in this State ..............
Villages in this State ..........
School districts in this State
R ailroad m ortgage bonds . . . .

$677,920 00

Estimated
Original
m arket value
cost
$63,968 75
$63,250 00
130,122 33
129,538 10
14,811 70
14,645 90
52,900 04
52,221 60
11,284 00
10,790 00
405,996 33
374,320 00
$678,917 35

$644,931 40

644,931 40
Other real estate, book value, $12,900; cost, $13,738.57; actual
cash v a l u e ..................................................................................................
Cash on deposit in banks or trust com panies...............................
Cash on h an d ..................................................................................................
T ota l o f collectible in terest....................................................................

12,900
100,774
14,228
30 ,85 4

00
21
23
82

$ 1 ,8 9 1 ,2 6 5 66
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal ................................................................................. $1,720,605 71
Dividends credited or to be credited fo r the six
m onths ending w ith December 31, 1916......................
32,586 34

— -------------- $ 1 ,7 5 3 ,1 9 2 05
Surplus on m arket v a lu e .........................................................................
138,073 61
$ 1 ,8 9 1 ,2 6 5 66
Surplus on par value, $171,062.21.
CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1, 1916,
b efore transactions o f the d a y ..........................................................
F rom depositors, n ot including dividends cred ited ................
F ro m interest on loans, deposits and in vestm ents..........................
F rom rents from other real esta te.....................................................
F rom m o r tg a g e s ...........................................................................................
F rom redemption o f stocks and b on d s...............................................
F rom stocks and bonds sold (to ta l pa r value, $ 4 3 ,5 0 0 )..............
F rom real estate s o ld ...........................................................................




$109,488
471,582
82 ,21 8
1 ,555
4 7 ,88 8
6 ,6 7 8
4 6 ,32 0
3 ,8 0 0

77
17
60
00
00
97
73
00

$769,532 24

63

A l b a n y C o u n ty
PA YM E N TS

T o depositors, in cluding dividends paid to th em .........................
F o r loans on bonds and m ortga ges.....................................................
F o r stocks and bonds purchased, including prem ium s, com m is­
sions, etc. (to ta l par value, $ 1 1 8 ,6 0 0 )...............................................
F o r interest (other than dividend paym ents to d e p o s it o r s )..
F o r current expenses o l the bank, v iz .:
F or
F or
F or
F or

salaries ............................................................................
ta x e s: Surplus, $1,125.05; on m ortgages, $12.00...
rent o f banking rooms .................
expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
T a x e s .................................................................................
O t h e r ..................................................................................

$385,329 29
132,200 00
120,855 53
1 ,552 79

$4,907 00
1,137 05
1,200 00
483
152
460
1,917

45
35
51
11

-----------------F o r real estate acquired b y foreclosure, or in settlem ent of
debts due the b a n k ..................................................................................
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y .................................................

10,257 47
4 ,3 3 4 72
115,002 44
$769,532 24

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts Janu ary 1, 1917......................................
N um ber o f accounts opened or reopened during the y e a r .........
N um ber o f accounts closed during the y e a r ....................................
A m ou n t deposited du rin g the year, n ot in cluding dividends
credited fo r th a t p e r io d .......................................................................
A m ou n t w ithdraw n during the y e a r .................................................
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1916 ...........................................................................
January 1, 1917...................................................................... ;

$417,582 17
385,329 29

$31,461 46
32,586 34

A verage am ount o f each account J anu ary 1, 1917......................
R a te per cent, o f dividends to depositors during the six m onths

ending June 30, 1916........................................................................
R a te per cent, o f dividends to depositors during the six m onths
ending December 31, 1916'.................................................................
T ota l earnings o f the bank fo r the year 1916, after allow in g
fo r am ortization o f prem ium s and d iscou n ts.............................
T ota l expenses o f the bank fo r the year 1916.............................
D ividends paid to depositors fo r the year 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
pa id to d e p o s it o r s ..................................................................................




3 ,2 57
650
445

6 4.047 80
538 28
4
4
$83,441 48
10,257 47
6 4.047 80

9,136 21

64

R epost

on

S avings B anks

9. THE NATIONAL SAVINGS BANK OF THE CITY OF ALBANY, ALBANY
[70-72 State s tr e e t; incorporated 1868]
JA M E S H. MANNING, President.
FR ED ER IC B. STEVENS, Treasurer.
CHARLES GIBSON, Vice-President.
RAYMOND E. CROCKS®, A sst. Treas.
ED W AR D J. HUSSEY, Vice-President,

T R U S T IE S
JAM ES H. MANNING,
JONAS M UHLFELDER,
H A R R Y C. CUSHMAN,
W. M. W OODWARD,
C H ARLES GIBSON,
E DW ARD J. HUSSEY,

JAM ES F. M AAS.
F R A N K SHERMAN,
SYDNEY T . JONES,
JAM ES C. FARR E LL.
THOM AS A. HORTON,

CH ARLES I. OLIV E R,
EDW IN L. DRAPER,
F R E D E R IC B. STEVENS,
E D G A R M. HAINES,
C H ARLES M. STUART.
JOHN A LLE N JAM ISON, Ja.

F IN A N C IA L
RESOURCES

Bonds and m o r tg a g e s ......................
Stock and bond investments, viz.:

. $ 8 ,8 9 8 ,3 9 0 00

Par
value
?50,000 00
State o f New York ...............
State o f Louisiana...................
181,000 00
Cities in other States............
597,000 00
722,500 00
Cities in this State ...............
Counties in this State .........
107,000 00
Tow ns in this State . . . . . . . . . .
79.300 00
Villages in this S tate..........
433,375 00
School districts in this State
64,345 00
R ailroad m ortgage bonds---- 2,625,000 00
Stocks and bonds

$4,859,520 00

Estimated
Original
cost
m arket value
$53,562 50
158,000 00
179,239 75
200,800 00
622,975 00
627,651 31
759,973 30
745,208 13
110,284,21
110,480 0)
81,162 90
81,562 00
444,742 95
445,969 25
65,621 75
65.466 95
2,736,252 02
2,895,080 00
$5,043,570 78

$5,040,481 30

—
—
.— .. —
—
Banking house and lot, book value, $145,000; cost, $151,386.46;
actual cash v a lu e ....................................................................................
Cash on deposit in banks or trust com panies..................................
Cash on h a n d ..................................................................................................
T ota l o f collectible in terest.....................................................................

5 ,0 4 0 ,4 6 1 30
145,000
691,102
47 ,89 7
157,768

§0
84
83
83

$ 1 4 ,9 8 0 ,6 2 0 80
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal ..................................................................................$13,720,708 04
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1916 ......................
284,596 82

------------------ $13,98 5 ,3 0 2 86
Surplus on m arket v a lu e ....................................................................... ..
995,317 94
$ 1 4 ,9 8 0 ,6 2 0 80
Surplus on par value, $814,376.64.
CASH TR A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies Janu ary 1, 1916,
b efore transactions of the d a y ............................................................ $ 1 ,0 2 4 ,0 0 8 11 •
F rom depositors, n ot including dividends cred ited ......................
3 ,3 5 6 ,2 2 0 16
F rom interest on loans, deposits and investm ents......................
693,857 79
F rom rents from other real e sta te .....................................................
800 00
F rom m o r tg a g e s .............. ...........................................................................
667,842 00
F rom redemption o f stock and b on d s...............................................
23 ,42 5 00
From stock and bonds sold (to ta l par value, $ 7 7 5,2 8 0 )...........
7 91,465 27
From real estate s o ld ................................................................................
16,488 68




65

A lb an y County
P rom a ll other sources, v iz .:
Sundry credits ......................................................................
Profit on bonds sold ............................................................
.............,
Over c a s h ................................................................ %
Rebate on insurance, taxes, etc. o n p r o p e r t y s o l d . . .
State o f New York Barge Canal W arrants redeemed

$134 63
5,016 16
2 25
76 66

6,660 13

-------------------

$11,178 82
$ 6 ,5 8 5 ,2 8 5 83

PAYMENTS
T o depositors, in cluding dividends pa id to th em ...........................$ 8 ,1 3 7 ,8 7 2 02
F o r loans cm hands an d m ortg a g es.....................................................
089,8 6 5 0 0
F o r stocks and bonds purchased, in cluding prem ium s, com m is­
sions,
etc. (to ta l par value, $1,515,000j .........................................
1 ,6 4 8 ,1 8 6 24
F o r interest (oth er
than dividend paym ents to d e p o s ito r s ). . . 2 2 ,3 8 3 07
For current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or t a x e s : Banking house, $3,102.96; surplus, $6,574.38; on mortgages, $14.................................................
F o r expenses, except taxes o f banking h o u se :
R e p a ir s ......................... ...................................................
Insurance » ......................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
R e p a ir s ..............................................................................
Taxes .................................................................................
O t h e r ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se..

$22,693 52
9,691 34
460 90
600 62
266 27
112 00
344 40
185 00
13,197 03

•
------------------

47,451 08

O ther paym ents, v iz .:
Sundries ...................................................................................
Commission on rental real estate .......... , .......................
Less ©a sale o f property ..................................................
Profit on bond sold ............................................................

$83
2
988
2

48
50
68
19

-------------------------------------- 1 ,0 76 85
Cash on hand and in banks or tru st com panies Decem ber 31,
1016, a fter transactions o f the d a y ...............................................
7 3 9 ,0 0 0 67
$ 6 ,5 8 5 ,2 8 5 83
S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts J anu ary 1, 1917......................................
2 0 ,90 6
N um ber o f accounts opened or reopened du rin g th e y e a r .........
6 ,9 0 5
Num ber o f accounts closed durin g the y e a r ....................................
3 ,6 6 2
A m oun t deposited durin g the year, n ot in cluding dividends
credited fo r th at p e r io d ........................................................................ .$3,356,220 16
A m oun t w ithdraw n durin g the y e a r .....................................................
3 ,1 3 7 ,8 7 2 92
A m oun t o f dividends credited and pa id for the year, v iz .:
J u ly 1 , 1916 .......................................................................................................
J a n u a r y 1 , 1917 ..............................................................................................

$257,943 36
264, 596 82

-----------------A verage am ount o f each account Janu ary 1, I f 17........................
R a te per cent, o f dividends to depositors d u rin g the six m onths
ending June 30, 1916..............................................................................
R a te per cent, o f dividends to depositors du rin g th e six m onths
ending December 31*, 1916..................................................................
T o ta l earnings o f the bank fo r the year 1916, after allow in g
fo r am ortization o f prem ium s and discou n ts.............................
T o ta l expenses o f the bank fo r the yea r 1916..................................
D ividends paid to depositors fo r the year 1916 .............................
N e t earnings fo r th e year 1916 over expenses and dividends
paid to d e p o s it o r s ................................................................... ...............

3



522,540 18
668 96
4
4
6 6 6 ,6 5 1 84
47 451 08
522,5 4 0 18
6 6 ,6 6 0 58

B R O N X CO U N TY
10.

THE BRONX SAYINGS BANK, NEW YORK CITY

[429 Trem ont aven u e; incorporated 1906]
W IL L IA M B. A IT K E N , President.
T . TASSO F ISCH E R, Comptroller.
CHAS. H. SCHUMANN, Vice-President. F . B. A L L IN , Secretary.
JOHN F . HOLMES, Vice-President.
W IL L IA M E. STEVENS, Treasurer.
L, W ETM ORE, Vice-President.
WM. J . CUNNINGHAM, A sst. Treas.

T R U ST E E S
W IL L IA M B. A IT K E N ,
F. BREVOORT A L LIN ,
C LIFTON B. BULL,
WM. I. BROWN,
NELSON F. G R IFFIN ,

JOHN F. HOLMES,
CHAS. H. SCHUMANN.
W IL L IA M E. STEVENS,
A L B E R T E. COLFAX,
JOHN
S. SUTPH EN,
J. OSTRAM TA YLO R .

LIVING STON W ETM O R E ,
T . TASSO FISCH ER.
W A L T E R S. W ILSON,
THOS. A . NOSW ORTHY,
WM. L. DENNIS,

F IN A N C IA L
RESOURCES

Bonds and m ortgages
....................................................................... $ 1 ,0 4 1 ,1 2 1 42
Stock and bond Investments, v iz .;
Par
value
$53,000 00
108,000 00
9,500 00
310,000 00

S to c k s an d b on d s

Cities in other States .........
C ities In this S tate...............
V illages in this S t a t e ............
R ailroad m ortgage bonds ..

$480,500 00
Cash on
Cash on
T ota l o f
A m oun t

O riginal
Estimated
cost
m arket value
$54,811 66
$55,640 00
106,338 86
111,040 00
9,505 86
9,545 00
304,158 01
294,340 00
$474,814 39

$470,665 00

470,5 6 5
191,127
16,152
1 4,942
1 ,3 0 0

deposit in banks or tru st com panies..................................
h an d ............................................................................................. ;
collectible in terest.....................................................................
o f all other assets, v iz .: Furn itu re and fix tu res------

00
57
57
04
00

$ 1 ,7 3 5 ,2 0 8 60
L IA B IL IT IE S

Am ount due depositors, v iz .:
P rincipal . . .................................. ................................... $1,669,704 73
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1916........................
23,575 16

------------------ $ 1 ,6 9 3 ,2 7 9 89
Surplus on m arket v a lu e ..........................................................................
41 ,92 8 71
$ 1 ,7 3 5 ,2 0 8 60
Surplus on par value, $51,863.71.
CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1, 1916,
b efore transactions o f the d a y ............................................................
F rom depositors, n ot in cluding dividends cred ited .......................
F rom interest on loans, deposits and investm ents.........................
F rom rents from other real esta te........................................................
F rom m ortgages .........................................................................................
F rom redem ption o f stocks and b on d s...............................................
F rom stocks and bonds sold (to ta l p a r value, $ 1 0 ,0 0 0 .0 0 )-----F rom real estate sold ..........................................




[6 ]
6

$121,322
1 ,0 8 2 ,9 5 3
6 9 ,64 9
1 ,689
6 3 ,21 0
2 0 ,9 6 2
10,025
3 0 ,7 0 0

60
80
65
83
00
50
00
00

67

B b o n x C o u n ty
From all other sources, viz.:
Cash over ................................
Appraisal f e e s .......................
Legal fees re tu rn e d ..............
C orrect s h o r t a g e ...................
Insurance rebate ...................

$70 00
60 00
30 00
6 00
16 87

---------

$181 87
$ 1 ,4 0 0 ,6 9 5 31

PAYMENTS
T o depositors, including dividends paid to th em .............................
F or loans on bonds and m ortga ges.....................................................
F or stocks and bonds purchased, including premiums, com m is­
sions, etc., (to ta l par value, $ 1 6 0 ,0 0 0 .0 0 )..................................
F or interest (other than dividend paym ents to depositors) . . , .
F or current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or expenses, except taxes, o f banking h o u se :
Insurance ..........................................................................
O t h e r ..................................................................................
F or rent o f banking room s...................................................
For expenses o f other real estate, v i z .:
R e p a ir s ...............................................................................
T a x e s ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$749,194 54
232,500 00
151,892 87
1,547 09

$7,997 00
157 93
150 08
2,658 33
189 84
307 36
267 89
4,819 00

16,547 41
F or real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ..................................................................................
Other paym ents, viz.:
Interest c o r r e c tio n ................................................................
Over cash adjusted ..............................................................
Tellers’ shortage ...................................................................
Revenue stamps ....................................................................
Purchase money m ortgage..................................................

$67
20
84
2
23,200

18,359 58

18
00
00
50
00

2 3 ,37 3 68
Cash on hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y ...................................................

207,280 14
$ 1 ,4 0 0 ,6 9 5 31

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts Janu ary 1, 1917......................................
7,877
Num ber o f accounts opened or reopened during the y e a r . . . . . .
2 ,8 39
Num ber o f accounts closed durin g the y e a r ......................................
1 ,463
A m ount deposited during the year, n ot including dividends
credited fo r that p e r io d ......................................................................... $ 1 ,0 8 2 ,9 5 3 86
A m oun t w ithdraw n during the y e a r ...................................................
749,194 54
A m oun t o f dividends credited and paid for the year, v iz .:
July 1, 1918 ...............................................................................
January 1, 1917 ......................................................................

$29,922 37
23,575 16

A verage am ount o f each account Janu ary 1, 1917.........................
R a te per cent, o f dividends to depositors during the six m onths
ending June 30, 1916..............................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916................................................... .................
T ota l earnings o f the bank fo r the yea r 1916, after allow ing for
am ortization o f premiums and d iscou n ts....................................
T ota l expenses o f the bank for the year 1916..................................
D ividends paid to depositors fo r the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to d e p ositors..................................................................................




44 .49 7 53
214 97
3%
3%
$72,511 29
17,221 09
4 4 .49 7 5 3 .
10,792 67

68

R eport oh S a y in g s B a n k s
11.

DOLLAR SAVINGS BANK, NEW YORK CITY

{2808 T hird aven ue; incorporated 1890]
GEORGE B. EDW ARDS, President.
W IL L IA M M. K E R N . Treasurer.
BR IA N G. HUGHES, V ice-President.
H ARRY V . REGAL, Secretary.

T R U S T IE S
GEORGE E. EDW ARDS,
B R IA N G. "HUGHES,
W IL L IA M M. KERN,
JAM ES M . LA COSTE,
BER N AR D FRENCH,
J. H A R R IS JONES,

JOHN S. HANSON,
GEO. M. M ACK ELLAR,
C H ARLES P. FA BE R ,
C H ARLES W . BOGART,
JAM ES S. BRYAN T,

W IL L IA M S. B ECKLEY,
H O W E LL T. MANSON.
F R E D A. W URZBACH ,
SAM UEL TRIM M ER,
JAM ES L. W ELLS,
JO SE PH B. HARE.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges....................
Stock and bond investm ents, v iz .:
S to c k s and b on d s

Cities in
Cities in
Counties
R ailroad

other States............
this State...............
in this State............
m ortgage bonds—

$ 8 ,9 6 0 ,8 0 0 00

value
$410,000 00
1,591,136 80
846,000 00
2,740,000 00
$5,087,136 80

Original
Estimated
cost
m arket value
$419,237 24
$AL8, « » 00
1,630,923 82
1,622,346 80
353,589 12
352,160 00
2,919,733 45
2,799,900 00
$5,323,483 63

$5,192,406 80

—
5 ,1 9 2 ,4 0 6 80
— —
— ..................... —
B anking house and lot, book value, $123,023.52; cost,
$123,023.52; actual cash v a lu e ............................................................
123,023 52
Other real estate, book value, $38,641.72; cost, $38,641.72;
actu al cash v a l u e ................................................................... ...............
38,641 72
Cash on deposit in banks or tru st com panies.................................
9 54,606 41
Cash on h a n d ................................................................................................
115,443 66
T ota l o f collectible in terest.....................................................................
8 5 ,73 5 2 §
$ 1 5 ,4 7 0 ,4 5 7 31
L IA B IL IT IE S

A m oim t due depositors, v iz .:
P r i n c ip a l .................................................................................. $14,162,160 20

Dividends credited or to be credited fo r the six
m onths ending w ith December 31, 1916........................

217,382 86

------- — ------$ 1 4 ,3 7 9 ,5 4 3 06
Surplus on m arket v a lu e............................................................................
1 ,0 9 0 ,9 1 4 25
$ 1 5 ,4 7 0 ,4 5 7 31
Surplus on par value, $985,644.25.

'

CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies Janu ary 1 ,1 9 1 6 ,
before transactions o f the d a y ................................................. ..
$ 1 ,1 1 6 ,0 7 9 74
F rom deposits, n ot in clud ing dividends cred ited ......... ...................
5 ,9 7 0 ,8 4 1 67
F rom interest on loans, deposits and investm ents...........................
6 8 2 ,6 8 3 39
3 ,1 4 8 88
F rom re s ts from banking h ou se.................................................
From ren ts from other real esta te........................................................
521 40
F rom m o r tg a g e s ...........................................................................................
230,062 64
F ro m redemption o f stocks and bon d s......................................
710,500 00
F rom a ll oth er sources, v iz .:
Cash deposited to secure paym ent o f interest due on
m ortgage , . ........... . . . ........................................................
D eposit to pay assessment fo r street opening, e t c —
Assigned judgm ent redeemed ............................................
Condemned property ...................................................
Receipts from auxiliary banks an d tax bill se rv ice ..




$1»M6 O
fl
44115
S6,MD 99
?.«** ®
506 00

19,991 71
$ 8 ,7 3 3 ,8 2 9 43

B r o n x C o u n ty

69

FAYMKSTST o depositors, in cluding dividends paid t o th em ............................. $ 4 ,4 3 7 ,4 7 0
F o r loans on bends a n d m ortga ges........................................................ 1 ,
F o r stocks and bonds purchased, including premiums, com m is­
1 ,8 5 6 ,5 4 3
sions, etc. (to ta l par value, $1,819,636.80).............................
F o r interest ( other than dividend paym ents to d e p o s ito r s ). . . .
17,999
F o r currant expense* o f the ta n k , v iz .:
For salaries ......................................................................
$41,781 U
8, 925 79
F o r t a x e s : Banking house, $805.65; surplus, $8,12044
For rent o f banking rooms..............................................
F or expenses o f other real estate, v i z .:
In s u r a n c e ........................................................................ .
Taxes .................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se...

96
78

s,mm

40 76
728 12
49 12

M 74 60*

F o r real estate acquired b y foreclosure, or in settlem ent of
debts due the b a n k ..................................................................................
Other paym ents, v iz .:
Refunded cash deposited to secure payment o f inter­
est ...........................................................................................
R efunded deposit to pay assessment fo r street open­
in g ..........................................................................................
F or banking house and lo t .......... . ....................................
F or assessments on other real estate............................

62
64

6 3 ,5 6 6 69
1 9,182 63

$1,046 »
441 R>
123, (HS 62
1,808 37

1 2 6 ,1 1 $ 04
Cash on hand and in banks o r tru st com panies Decem ber 31,
1916, after transactions o f the d a y ...............................................

1 ,0 7 0 ,0 5 0 07
$ 8 ,7 3 3 ,8 2 9 43

S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accounts Janu ary 1, 1917......................................
43 ,84 0
N um ber o f accou nts opened o r reopened du rin g the y e a r -----15,376
10,823
Wundber o f accounts* closed du rin g th e y e a r ......................................
A m oun t deposited durin g the year, n ot including dividends
credited fo r th at p e rio d ......................................................................... $ 5 ,9 7 0 ,8 4 1 67
4 ,4 3 7 ,4 7 0 62
AmoHnt w ithdraw n during th e y e a r ...................................................
A m ount o f dividends credited and pa id fo r the year, v iz .:
July 1, 1916...............................................................................
January 1, 1917........................................................................

$ « ,« «
217,382 86

A verage am ount o f each account January 1, 1917...........................
Num ber o f accounts w hich exceeded $3,000, exclusive o f d iv i­
dends credited, at the last tria l balance o f depositors' ledgers,
except deposits arising from society accounts, or ju d icia l
sales, or tru st funds, or b y order o f a cou rt o f record or o f a
s u r r o g a te ...................................................................................................
T ota l am ount o f such accou n ts............................................................
R ate per cent, of dividends to depositors during the six m onths
ending June 30, 1916......... ...............................................................
R a te per cent, o f dividends to depositors during the six m onths
ending Decem ber 31, 1916.....................................................................
T o ta l earnings o f the bank fo r the year 1916, after a llow in g fo r
a m ortization o f prem ium s and d is c o u n ts .....................................
T o ta l expenses of the bank fo r the year 1916..................................
D ividends paid to depositors fo r the year 1946.............................
N e t earnings fo r the year 1916 over expenses and dividends
pa id to d e p o s it o r s ..................................................................................




420,7 3 3 88
294 42

1
$ 3 ,0 4 9 73
3%
m
$ 6 4 3,4 3 6 32
6 3 ,5 0 6 69
4 2 0 ,7 3 3 88

159,195 75

70

B eport on S a vin g s B a n k s
12.

NORTH SIDE SAVINGS BANK, NEW YORK CITY

[3230 Third aven u e; Incorporated 1905]
JOHN G. BORGSTEDE, President.
GEORGE N. RE IN H A R D T, Treasurer.
TH EODORE .T. CHABOT. Vlce-Pres.
A R TH U R A. E K IR C H , Secretary.
F R E D H. W EFER, Vice-President.

T R U ST E E S
JOHN G. BORGSTEDE,
T . J. CHABOT,
JOHN M. HAFFEN .
H ENRY HAHNENFELD,
JOHN C. H EIN TZ,

RTCHARD W. LAW REN CE
CHAS. F. MINOR,
GEO. N. REIN H A R D T,
JOHN RIEGELM AN.
CONSTANTIN W AGNER,

FRED. H. W EFE R ,
GEORGE WOHN,
JOSEPH M ILLE R .
C H R ISTIAN RIEGER, Ja.

F IN A N C IA L
RESOURCES
Bonds and m ortgages .............................................................................. $ 1 ,1 1 4 ,4 9 5 00
Stock and bond investm ents, v iz .:
S to c k s and b on d s

State o f C alifornia.................
State o f Id ah o.........................
State o f New M exico..............
Cities in other States............
Cities in this S tate.................
Counties in this S tate............
Tow ns in this S tate..............
Villages in this S tate............
School districts in this State
R ailroad m ortgage b o n d s ....

P ar
value
f 13,000
19,000
2,000
178,600
227,911
3,000
15,101
36,700
4,000
46,000

00
00
00
00
67
05
00
00
00
00

$545,312 67

Original
Estimated
cost
m arket value
$12,773 28
$13,13000
18,240 00
19,19000
2,035 00
2,20000
186,112 98
188,36600
228,775 35
238,03435
2,796 90
2,94000
15,652 52
16,15800
35,121 35
36,04300
4,210 10
4,12000
44,071 25
37,81000
$5#, 788 73

$557,991 35

Qther real estate, book value, $14,911.80; cost, $13,689.00;
actual cash value ...................................................................................
Cash on deposit in banks or tru st co m p a n ie s ................................
Cash on h a n d ................................................................................................
T o ta l o f collectible in terest................................................................
A m oun t o f all other assets, v iz .: V a u lt and fix tu res....................

^

13,689
162,007
21,481
18,040
1 ,6 00

^

00
44
61
27
00

$ 1 ,8 8 9 ,3 0 4 67
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal ................................................................................. $1,795,899 50
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1916....................
27,1# 90

-------------- --- $ 1 ,8 2 3 ,0 4 0 40
Surplus on m arket v a lu e.......................................................................
66 ,26 4 27
$ 1 ,8 8 9 ,3 0 4 67
Surplus on par value, $53,585.59.
CASH TR A N S A C T IO N S D U R IN G TH E Y E A R 1916
RECEIPTS
Cash on hand and in banks or tru st com panies January 1, 1916,
before transactions o f the d a y ..........................................................
$147,235
F rom depositors, n ot including dividends cred ited ..................
996,9 5 0
F rom interest on loans, deposits and investm ents.........................
74 ,52 0
F rom rents from other real esta te......................................................
312
F rom m o r tg a g e s .............................................. ............................................
81,852
F rom redemption o f stocks and b on d s...............................................
5 ,5 0 0
F rom all other sources, v iz .:
Redem ption o f judgm ents
against state o f New Y o r k .................................................................
8 ,3 75




13
00
60
00
50
00
62

$ 1 ,31 4 ,8 3 5 85

71

B r o n x C o u n ty
PAYMENTS
T o depositors, including dividends paid to th em .............................
F o r loans on bonds ana m ortga ges.............................................
F o r stocks and bonds purchased, in cluding prem ium s, com m is­
sions, etc. (to ta l par value, $ 6 2 ,0 6 6 .6 7 )...................................
F o r interest (other than dividend paym ents to d e p o s ito r s ). .
F or cu rrent expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or taxes : Banking house, $11.90; surplus. $336.06..
For expenses, except taxes, o f banking hou se:
Insurance .........................................................................
O t h e r ..................................................................................
F or rent o f banking room s................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes .................................................................................
O t h e r ..................................................................................

$737,762 91
314,747 50
63 ,65 5 72
918 78

$5,776 00
347 96
41 50
155 00
3,483 33
45
46
257
4,109

00
00
24
86

14,261 89
Cash on hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y ...................................................

183,489 05
$ 1 ,3 1 4 ,8 3 5 85

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts J anu ary 1, 1917......................................
Number o f accounts opened or reopened during the y e a r -----Num ber o f accounts d o sed during the y e a r ...................... ..........
A m oun t deposited du rin g the year, n ot including dividends
credited fo r that p e riod .......................................................................
A m oun t w ithdraw n during the y e a r ...................................................
A m oun t o f dividends credited and paid fo r the year, viz.:
.Tilly 1. 1916..............................................................................
January 1, 1917......................................................................

$996,950 00
737,762 91

$24,834 93
27,140 90

A verage am ount o f each account January 1, 1917......................
R a te per cent, o f dividends to depositors du rin g the six months
ending June 30, 1916.........................................................................
R a te per cent, o f dividends to depositors durin g the six months
ending December 31, 1916.....................................................................
T otal earnings o f the bank fo r the year 1916, after allow ing for
am ortization o f premiums and d iscou n ts........................................
T otal expenses o f the bank for the year 1916..................................
D ividends paid to depositors fo r the yea r 1916.............................
N et earnings fo r th e year 1916 over expenses and dividends
paid to depositors ................................................................................




7 ,5 66
2 ,7 55
1 ,6 90

5 1 .97 5 83
240 95
3%
m
$77,535 43
14,261 89
51 .97 5 83
11,297 71

BROOME COUNTY
13.

BIN G H AM TO N S A V IN G S B A N K , BIN G H AM TO N

{97 and 99 ColHer stre e t; incorporated 1887]
CHAS. W. GENNET, President.
ASBU RY C. DEYO. Treasurer.
JOHN Q. ORTON. V ice-President.
S. J. HIRSCHM ANN, Secretary.
C H ARLES M. STONE, Vice-President.

T R U ST E E S
JOHN G. ORTON,
E D W A R D P. MCKINNEY,
GEORGE M. H ARRIS,
L E W IS M. W EED,

.

C H ARLES W. GENNET,
CH ARLES M. STONE,
S. J. H1RSCHMANN,

GEO. C. BAYLESS.
C H A R LE S A. W E E P .
W IL L I A.M li. OGDEN.
ASBURY C. DEYO,

F IN A N C IA L
RESOURCES

B on ds and m ortgages ....................
Stock sad bond investm ents, v iz .:

$ 3 ,57 1 ,6 2 0 00

S to c k s and b on d s
value
State o f M assachusetts......... $100,000 00
Cities in other States....... .
344,008 08
C ities in this State............... 1,940,23® (M
l
500,080 00
Counties in this S tate..........
Villages in this S ta te............
20,993 80
School districts in this State
7,850 09
R ailroad m ortgage bonds—
875,000 00

$3,788,093 80

Estimated
Original
m arket value
cost
• $ 88,000 00
$101,250 00
358,6® 72
339,1» «
1,942,093 08
1,960,887 52
508,5* 04
505,280 00
20,993 80
20,798 15
7,932 39
7,770 00
786,260 00
881,880 00
$3,840,096 07

$3,659,319 15

3 ,6 5 9 ,3 1 9 15
B anking house and lot, book value, $65,00(1; cost, $73,000;
actual cash value
..............................................................................
Other real estate, book value, $4,412.28; cost, $4,412.28;
actual cash value ..................................................................................
Cash on deposit in hanks or trust com panies....................................
Cash on h a n d ................................................................................................
T otal o f collectible in terest...................................................................
A m oun t o f all other assets, v iz .: Rents aeerued...........................

65 ,00 0 00
4 ,4 1 2
6 55,000
80,357
96 ,56 6
678

28
00
78
16
85

$ 8 ,1 3 2 ,9 5 2 22
L IA B IL IT IE S

A m oun t due depositors, v iz .:
Principal ................................................................................. $7,502,839 80
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1916......................
119,721 79

------------------ $ 7 ,6 2 2 ,5 6 1 59
Surplus on m arket v a lu es.......................................................................
5 10,390 63
$ 8 ,1 3 2 ,9 5 2 22
Surplus on par value, $639,165.28.
CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies Janu ary 1 ,1 91 6 ,
before transactions o f th e d a y ..........................................................
F rom depositors, n o t ineluding dividends cred ited ......................
F ro m interest on loans, deposits and investm ents.........................
F ro m rents from banking house ......................................................




[7 2 ]

$634,461
3 ,6 3 6 ,9 3 4
316,545
3 ,2 61

21
22
56
07

73

B b oom e C o u n t y
F rom
F rom
F rom
F rom

rents from other real esta te........................................................
m ortgages .........................................................................................
redem ption o f stocks and b on d s............................. , .................
loans p a i d .........................................................................................

$325
187,4 4 0
151,238
2 ,0 0 0

00
00
20
00

$ 4 ,9 3 2 ,2 0 5 26
PAYMENTS

To depositors, in cluding dividends paid to

t h e m . ,................... $ 3 ,3 3 0 ,9 1 5
F o r loans on bonds and m ortga ges...................................................
539,4 0 0
For stocks and bonds purchased, including premiums, com m is­
sions, etc. ( tota l par value, $ 2 9 0 ,0 0 0 )........................................
291,901
F o r interest ( other than dividend paym ents to d e p o s ito r s ). . . .
1 ,4 7 3
For eurrent expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or taxes : Banking house, $1,575; surplus, $4,398.84;
on mortgages, $110.50......................................................
F or expenses, except taxes, o f banking h o u se :
R e p a ir s ...............................................................................
Insurance ..........................................................................
O t h e r ..................................................................................
F or expenses o f other real estate, v i z .:
In s u r a n c e ..........................................................................
Taxes ..............................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

20
00
50
87

$18,030 82
6,090 M
328 31
91 00
2,621 87
51 60
110 26
5,812 71

-----------------O ther paym ents, v iz .: E rror at teller’ s w in d ow .............................
Cash on hand and in banks o r tru st com panies Decem ber 31,
1916, after transactions o f the d a y .................... ..........................

33 ,13 6 91
20 00
735,357 78
$ 4 ,9 3 2 ,2 0 5 26

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts Janu ary 1, 1917......................................
23 ,01 3
N um ber o f accounts opened or reopened during the y e a r . . . .
4 ,1 5 0
Num ber o f accounts closed during the y e a r ....................................
3 ,6 9 5
A m ount deposited du rin g the year, n o t including dividends
credited fo r th at p e rio d ............................. ............................................ $ 3 ,6 3 6 ,9 3 4 22
A m oun t w ithdrawn during the y e a r ................................................. .. 3 ,3 2 6 ,6 5 0 35
A m ou nt o f dividends credited and pa id for the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917........................................................................
Paid but not credited...........................................................

$116,232 S5
119,721 79
4,264 85

A verage am ount o f each account Janu ary 1, 1917.........................
R a te per cent, o f dividends to depositors during th e six m onths
ending June 30, 1916...................................... ...................................
R a te per cent, o f dividends to depositors during the s ix m onths
ending Decem ber 31, 1916.....................................................................
T ota l earnings o f the bank fo r the yea r 1916, after allow ing fo r
am ortization of prem ium s and discou n ts......................................
T o ta l expenses o f the bank for the year 1916...............................
D ividends paid to depositors fo r the year 1916...............................
N e t earnings fo r the year 1916 over expenses and dividends
paid t o depositors....................................................................................




240.219 19
331 23
3%
m
$325,212 73
33 ,15 6 91
240.219 19
5 1 ,83 6 63

74

R eport on S avin g s B a n k s
14.

CHENANGO VALLEY SAVINGS BANK, BINGHAMTON

[2 Chenango s tr e e t; incorporated 1867]
A R TH U R S. B A R TL E T T, President.
W A L K E R F. SHERW OOD, Viee-Pres.
W IL L IA M W. SISSON, Vice-President.
W IL L IA M R. E L Y, Treasurer.

T R U S T IE S
A R TH U R S. B A R TL E T T,
C. F. HOTCHKISS,
W IL L IA M W. SISSON,
JAM ES W. M ANIEB,

JAM ES M. MCNAMARA,
GEORGE F. O'N EIL.
W IL L IA M G. PH E LPS,
L E SL IE M. W ILSON,
W AL K E R F. SHERWOOD.

A R TH U R L. KENT,
H A R R Y RUBIN,
GEORGE W. T O P L IF F ,
RENNA Z. SPAULDING,

F IN A N C IA L
RESOURCES

Bonds and m ortgages
Stock and bonds investm ents, v iz .:
P ar
value
$50,000 00
50,000 00
15,000 00
20. (W 00
0
8,000 00
95,000 00
116,285 09
176,000 00

Stock,* and bonds

State o f Louisiana...................
Cities In other States............
Cities in this State.................
Counties in this S tate..........
Tow ns in this State..............
V illages in this State............
School districts in this State
R ailroad mortgage bonds___

$530,265 00

$ 1 ,1 4 3 ,5 1 2 84
Original
Estimated
cost
m arket value
$52,035 00
$51,700 00
53,288 53
54,070 00
15,469 50
14,100 00
22,225 60
23,400 00
8,015 00
8,010 00
98,738 70
100,193 00
123.960 06
123,933 70
160,470 26
153,660 00
$534,222 64

$529,066 70

....... ........= —
- ........ ~~..*.»
Cash on deposit in banks or trust com panies..................................
Cash on h a n d ...............................................................................................
T otal o f collectible interest ...................................................................

529,066
254,000
33 ,93 4
22 ,42 7

70
26
13
40

$ 1 ,9 8 2 ,9 4 1 33
L IA B IL IT IE S

A m oun t due depositors, v iz .:
Principal . . ........................................................................... $1,876,158 36
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1916..................... .
29,137 75

------------------ $ 1 ,9 0 5 ,2 9 6 11
Surplus on m arket v a lu e..........................................................................
7 7,645 22
$ 1 ,98 2 ,9 4 1 33
Surplus on par value, $78,833.52.
C ASH TR A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in hanks or tru st com panies Janu ary 1, 1916,
before transactions o f the d a y ..........................................................
F rom depositors, n ot including dividends cred ited .........................
F rom interest on loans, deposits and investm ents.........................
F rom m ortgages .........................................................................................
From redemption o f stocks and b on d s...............................................
From stocks and bonds sold (to ta l par value, $ 2 1 2,1 0 0 )............
F rom all other sources, v iz .: Prem ium s on b on d s......................

$109,217
1 ,1 9 3 ,6 7 9
8 9,627
117,614
,
9 ,9 4 5
220,5 0 6
575

07
47
00
50
00
42
78

$ 1 ,7 4 1 ,1 6 5 24
P AYM EN TS

T o depositors, including dividends paid to th em ............................. $ 1 ,0 7 0 ,3 5 5
F o r loans on bonds and m ortga ges......................................................
186,968
F o r stocks and bonds purchased, in cluding prem ium s, com m is­
sions, etc. (to ta l par value, $ 1 8 4 ,5 0 0 )...........................................
175,938
F o r interest (oth er than dividend paym ents to d e p o s ito r s )____
1 ,8 16




03
45
90
90

75

B roome C o u n ty
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s: Surplus, $448.72; on mortgages, $767.85..
F or rent o f banking room s.................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$7,009 99
1,216 57
2,400 00
7,022 22

-------------------------------------- 17,648 78
Other paym ents, v iz .:
Cash shortage ........................................................................
Overdrafts ...............................................................................
Premium on bonds so ld ............................

$118 65
30 39
353 78

-------------------------------------- 502 79
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y .................................................
287,9 3 4 39
$ 1 ,7 4 1 ,1 6 5 24
S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917......................................
11,569
3 ,2 8 4
Number o f accounts opened or reopened during the y e a r . . . .
2 ,1 8 5
Number o f accounts closed during the y e a r .................................
A m oun t deposited durin g the year, not including dividends
credited fo r th a t p e rio d ....................................................................... $ 1 ,1 9 3 ,6 7 9 47
A m oun t w ithdraw n du rin g the y e a r ...................................................
1 ,0 7 0 ,3 5 5 03
A m ount o f dividends credited and pa id fo r the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917........................................................................
Credited a t other periods......................... .*
.........................

$27,613 06
29,137 75
962 23

A verage am ount o f each account J a n u a ry 1, 1917........................
N um ber o f accounts w hich exceeded $3,000, exclusive o f d iv i­
dends credited, a t the last tria l balance o f depositors’
ledgers, except deposits arising from society accounts, or
ju d icia l sales, or tru s t funds, or b y order o f a cou rt o f
record or o f a su rroga te......... ...........................................................
T ota l am ount o f such accou nts............................................................
R ate per cent, o f dividends to depositors during the six months
ending June 30, 1916.........................................................................
R ate per eent. o f dividends to depositors during the six m onths
ending Decem ber 31, 1916.....................................................................
T ota l earnings o f the bank fo r the year 1916, a fter allow ing
fo r am ortization o f prem ium s and discou n ts.............................
T ota l expenses o f the bank for the year 1916..................................
D ividends paid to depositors for the year 1916...............................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




5 7 ,70 3 04
164 69

1
$ 3 ,2 0 0 00
3%
m
$82,766 80
17,648 78
5 7 ,70 3 04
7 ,4 1 4 98

CAYUGA COUNTY
15.

A U B U R N SA V IN G S B A N K , A U B U R N

[74 Genesee stre e t; incorporated 1849]
D A V ID M. DUNNING, President.
W IL L IA M S. DOW NER, Treasurer.
NELSON B. ELDRED, V ice-President.
ADO LPH K E IL , A ssistant Treasurer.
GEORGE UNDERWOOD, Vice-Pres.

TR U STE E S
D A V ID M . DUNNING,
GEORGE UNDERWOOD,
NIELSON BL ELDRED.
HOB A R T L. ROMIG,

W IL L IA M H. SEW ARD, Jr., W IL L IA M 8. DOWNER.
H EN RY D. NOBLE.
H A ROLD G. M E TC A LF,
F R E D E R IC K SEFTON,
H. G. ROBINSON,
HENRY D. T ITU S.
SA FF R IN E L. DEPEW .

F IN A N C IA L
RESOURCES

Bonds and m ortgages.................................................................................. $ 4 ,0 9 5 ,5 3 1 00
Stock and bond investm ents, v iz .:
Par
value

Stocks ana bonds
State o f M assachusetts.........
State o f U tah...........................
Cities in other States............
Cities in this S tate...............
Counties in this State..........
T ow ns in this S ta te ,............
V illages in this State............
School districts in this State
R ailroad mortgage bon ds—

$8,000 00

50, M0 00
231.000 m
584,180 20
35.000 00
12.000 00
13.000 00
35.000 00
921.000 00
$1,890,180 20

Original
Estimated
cost
m arket value
$8,536 00
$7,600 00
50,731 25
49,000 00
254,565 70
232,160 00
608,695 85
575,185 20
35,551 75
34,250 00
’ 12,396 50
12,570 00
13,800 51
12,800 00
37,702 50
34,900 00
967,369 50
864,610 00
$1,990,349 56

$1,823,075 20

1 ,8 2 3 ,0 7 5 20
B anking house and lot, b ook value, $100,000;
cost,
$268,b31.14; actual cash v a lu e........................................................
Other real estate, book value, $14,287,72; cost, $14,363.72;
actu a l cash v a lu e ....................................................................................
Cash on deposit in banks or tru st com panies.................................
Cash on h an d ......................................; .......................................................
T ota l o f collectible in terest.....................................................................
A m ount o f all other assets, v iz .:
C ollectible rents, due and accrued...................................
Taxes and insurance advanced........................................

100,000 00
1 4,363
6 0 8 ,4 4 4
5 1 ,05 2
6 3 ,06 8

72
06
53
13

$677 89
83 00

760 89
$ 6 ,7 5 6 ,2 9 5 53
L IA B IL IT IE S

!

A m oun t due depositors, v iz .:
P rincipal ................................................................................. $6,101,008 49
Dividends credited or to be credited fo r the six
m onths ending w ith December 31, 1916......................
116,298 81

$ 6 ,2 1 7 ,3 0 7 30
Other liabilities, v iz .:
[Repairs and sundries.
Surplus on m arket value

Expenses

incurred,

but

u npaid:
186 78
538,801 45
$ 6 ,7 5 6 ,2 9 5 53
==~=..;i...............::

Surplus on par value, $605,906.45.

CASH TR A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies J a n u a ry 1, 1916,
before transactions o f the d a y ..........................................................
F rom depositors, n ot in cluding dividends cred ited .........................
F rom interest on loans, deposits and investm ents..........................
From rents from banking h ou se...........................................................
From rents from other real esta te.......................................................




[7 6 ]

$637,460
1 ,7 5 8 ,1 1 4
288,4 6 9
7,6 51
1 ,3 93

63
45
64
00
26

n

C ay u g a C o u n t y
F rom
F rom
F rom
F rom

$314,285 00
101,460 10
£ ,0 8 0 08

m o r t g a g e s ............................. ..
redem ption o f stocks and bonds
real estate s o ld ...............................
a ll oilier sources, v k :

Premiums on Are insurance...............................................
Excess cash credited profit and lo ss................................
Taxes and insurance ad van ced .......................................
Received fo r fire Insurance..................................... ...........
F rom redemption o f Judgments against the S tate o f
New York .............................................................................

$227 09
138 75
439 23
2 ,3 0 72
26,889 36

20,901 15
$ 3 ,1 4 1 ,8 0 6 21
PAYM EN TS

T o depositors, including dividends paid to th em ........................... $ 1 ,5 3 0 ,7 4 0
F o r loans on bonds and m ortga ges........................................................
723,750
F o r stocks and bonds purchased, in cluding prem ium s, com m is­
sions, etc. (to ta l p a r value, $ 1 8 0 ,0 0 0 )............................................
171,078
1 ,352
F o r interest (other than dividend paym ents to d e p o s ito r s ). . .
F o r current expenses o f the hank, v iz .:
F or salaries ...........................................................................
F o r ta x e s: Banking house, $3,615.39; surplus, $4,916.86
F or expenses, except taxes o f banking h o u se :
Repairs ..............................................................................
I n s u r a n c e ..........................................................................
Other ..................................................................................
F o r expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance .........................................................................
Taxes .................................................................................
Other .................................................................................
F or other expenses, not including expanses o f other
real estate nor other expenses m banking h o u se...

17
00
80
08

$17,000 00
8,4323
2,36$ &
34 02
4,522 45
1,654
21
77
1,048

58
73
23
87

3,607 96

3 8 ,76 3 77
F o r real estate acquired b y foreclosure, or in settlement o f
debts due the b a n k ................................................................................
Other paym ents, v iz .:
Correction in cash charged to profit and loss..........
Paym ent fire insurance lo ss...............................................
Payment taxes and insurance advanced.......................

1 2 ,81 8 70

$221175
3,098 72
482 63

3 ,8 0 6 10
Cash on hand and in banks or tru st com panies December 31,
31, 1916, after transactions o f the d a y ..........................................

659,496 59

$ 3 ,1 4 1 ,8 0 6 21
S T A T IS T IC A L IN F O R M A T IO N
= = = = = = = =
Num ber o f open accounts J anu ary 1, 1917........... : ........................
13,541
Num ber o f accounts opened or reopened during th e y e a r ............
1,766
N um ber o f accounts closed du rin g the y e a r ......................................
1 ,605
A m ou n t deposited durin g the year, n ot in clud ing dividends '
credited fo r th a t p e r io d ....................................................................... $ 1 ,7 5 8 ,1 1 4 45
A m ou n t w ithdraw n during the y e a r ...................................................
1 ,5 3 0 ,7 4 0 17
A m oun t o f dividends credited and pa id for the year, v iz .:
July 1, MM..............................................................................
January 1, 1917........................................................................
Credited a t other periods....................................................

$111,1© 55
116,298 81
1,164 05

A verage am ount o f each account Ja n u a ry 1, 1017.........................
R a te per cent, o f dividends to depositors du rin g the six m onths
ending Jun e 30, 1016...........................................................................
R a te per cent, o f dividends to depositors durin g the s ix m onths
ending Ifeeember 31, 1916..................................................................
T ota l earnings o f the bank fo r the year 1916,, alter allow ing
fo r am ortization o f premiums and discou n ts...........................
T otal expenses o f the bank fo r the yea r 1916..................................
D ividends paid to depositors fo r the year 1916.............................
N e t earnings fo r the year 1916 over expenses and dividends
pa id t o dep ositors..................................................................................




229.632 41
459 14
4
4
$299,436 84
38,389 16
229.6 3 2 41
3 1 ,41 5 27

78

R eport on S avin g s B a n k s
16.

CAYUGA COUNTY SAVINGS BANE; AUBURN

[113-115 Genesee stre e t; incorporated 1864]
D. W ADSW ORTH, J r ., President.
W. H. M E AK ER , Treasurer.
C H A R LE S W. B R IS TE R , Viee-Pres.
G. V. LOUGHBOROUGH, Asst. Treas.
CHAS. A . M cCa r t h y , V ice-Pres.
A. L . H EM INGW AY, Secretary.

TR U STE E S
W IL L IA M H. SEW ARD,
GEORGE B. TURNER,
BENJAM IN B. SNOW,
SIDNEY J. W E ST F A LL ,
W IL L IA M H. M E AK ER , C. F . BALD W IN ,
JAM ES LYON,
G. V . LOUGHBOROUGH,
CHAS. A . M CCARTHY,
H U LL GREEN FIELD,
D A V ID W AD SW ORTH , J r ., CHARLES P. MOSHER,

D A N IE L L. RAM SEY,
CH ARLES W. B R ISTE R ,
JAM ES E. E LD E R,
E D W IN F. M ETCALF,
IR V IN G S. ROBINSON.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges................................................................................ $ 2 ,7 4 0 ,6 3 3 04
Stock and bond investm ents, v iz .:
S to c k s and bon d s

State o f New Y ork.................
State o f M assachusetts.......
Cities in other States............
Cities in this S tate...............
Counties in this S tate..........
Tow ns in this S tate..............
School districts in this State
R ailroad m ortgage bonds—

P ar
value
$59,000 00
200,000 00
60,000 00
246,827 00
10,000 00
6,000 00
2,000 00
856,000 00
$1,430,827 00

Original
Estimated
m arket value
cost
$52,750 00
$53,109 37
217,022 50
191,450 00
58,500 00
62,223 75
254,807 00
253,453 30
10,000 00
10,000 00
6,880 00
6,000 00
2, (W 00
0
2,051 46
891,085 66
783,360 00
$1,496,299 74

$1,357,393 30

1 ,3 5 7 ,3 9 3 30
B anking house and lot, book value, $80,000; cost, $100,307.17;
actu al cash v a l u e ....................................................................... ...........
Other real estate, book value, $9,033.71; cost, $9,033.71; actual
cash v a l u e ..................................................................................................
Cash on deposit in banks or tru st com panies..................................
Cash on hand ..............................................................................................
T o ta l o f collectible in terest.................................................................
A m oun t o f all oth er assets, v iz .:

80 ,00 0 00
9 ,0 3 3
463,9 5 4
31,901
38 ,32 3

71
25
99
24

$7,400 00
120 79
191 00

Land contracts . . . .
Insurance advanced
R e n t s .........................

------------

7 ,7 11 79
$ 4 ,7 2 8 ,9 5 1 32

L IA B IL IT IE S
A m o u n t due depositors, viz.:
P rincipal ..................................................................................$4,352,162 74
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916......................
82,601 44

------------------ $ 4 ,4 3 4 ,7 6 4 18
Surplus on m arket v a lu e..........................................................................
294,187 14
$ 4 ,7 2 8 ,9 5 1 32
Surplus on par value, $367,620.84.

CASH TRANSACTIONS DURING THE YEAR 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies J anu ary 1,1 91 6 ,
before transactions o f the d a y ...................... : ................................
F rom depositors, n ot including dividends cred ited .........................
F rom interest on loans, deposits and investm ents..........................
F rom rents from banking h ou se...........................................................
F rom rents from other real esta te.......................................................




.$346,973
1 ,5 1 8 ,2 9 3
205,516
2 ,0 7 9
39

28
38
86
00
33

C ay u g a C o u n t y
fro m
F rom
F rom
F rom

79

m ortgages .......................................................................................
redem ption o f stoeks and b on d s................................................
real estate s o ld ...............................................................................
a ll oth er sources, v iz .:

Insurance advanced ............................................................
On land con tra ct.....................................................................
Suspense account .................................................................

$278,199 96
64 ,26 5 55
1 ,0 00 00

$264 39
730 00
10 36

-------------------------------------- 1 ,0 24 75
$ 2 ,4 1 7 ,3 9 2 11

PA YM E N TS

T o depositors, in cluding dividends paid to th em ............................. $ 1 ,2 7 8 ,2 9 5 47
F o r loans on bonds and m ortga ges......................................................
470,825 00
B'or stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l par value, $ 1 4 4 ,0 0 0 )................................................
134,343 75
F o r interest (other
than dividend paym ents to depositors) . . . . 1,4 23 52

For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or taxes : Banking house, $2,218.44; surplus, $2,466.86;
on mortgages, $25...............................................................
F or expenses, except taxes, o f banking h o u se :
R e p a ir s ..............................................................................
Insurance ..........................................................................
F or expenses o f other real estate, v i z .:
In s u r a n c e ..........................................................................
T a x e s .................................................................................
Other .................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

$12,220 00
4,710 29
193 73
41 39
11 69
167 67
129 58
4,339 87

-------------------------------------- 2 1 ,81 4 22
F o r real estate acquired by foreclosure, or in settlem ent o f
debts due the b a n k ..............................................................................
14,370 00
Other paym ents, v iz .:
Insurance advanced ............................................................
Insurance and taxes.— foreclosu re..................................
Suspense account .................................................................

$372 95
47 88
43 08

------- — ------ Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y .................................................

463 91
495,856 24
$ 2 ,4 1 7 ,3 9 2 11

S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts Janu ary 1, 1917......................................
10,325
N um ber o f accounts opened or reopened during the y e a r ...........
1,915
N um ber o f accounts closed during the y e a r ......................................
1,349
A m ount deposited du rin g the year, n ot including dividends
credited fo r th a t p e rio d ..................................................................... $ 1 ,5 1 8 ,2 9 3 38
A m oun t w ithdraw n during the y e a r ...................................................
1 ,2 7 8 ,2 9 5 47
A m ount o f dividends credited and paid fo r the year, v iz .:
June 30, 1916.............................................................................
December 30, 1916...................................................................
Credited at other periods....................................... : .........

$79,219 06
82,601 44
1,5*4 48

-----------------A verage amount o f each account Janu ary 1, 1917.........................
R ate per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors durin g the six m onths
ending December 31, 1916.....................................................................
T ota l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f premiums and d iscou n ts...............................
T ota l expenses of the bank for the year 1916.................................
D ividends paid to depositors for the year 1916.............................
N et earnings for the year 1916 over expenses and dividends
paid to depositors ................................................................................




163,364 98
429 51
4
4
$207,718 67
2 1 ,60 8 87
163,364 98
22,744 82

CHEMUNG COUNTY
17.

THE ELMIRA SAYINGS BANK, ELMIRA

[212 E ast W ater s tr e e t; incorporated 1869]
W . H. FERGUSON, President.
H U B E R T C. M AN DEVILLE, Treasurer.
JOH N J. CURTIS, Vice-President.
M. A . LEAH Y, Secretary.
JOHN W. HUSTON, Vice-President.

TR U STE E S
W IL F R E D I. BOOTH,
JOH N J. CURTIS,
HENRY J. HAASE,
F R E D D. H ERRICK,

JOHN W . HUSTON.
M IC H A E L A. L E A H *,
W M. M . FERGUSON,
H. C. M A N D E YILLE ,
LOU IS N. M ATH EW S.

HENRY SIMPSON,

WILLIAM M. UMFOBD,

GEORGE W . W YCKOFF,
A L E X A N D E R S. DIVEN,

F IN A N C IA L
RESOURCES

Bonds and m ortgages................................................................................
Stock and bond investments, v iz .:
Estimated
P ar
Original
Stocks and bonds
value
m arket value
cost
$47,000 00
118,000 00
42,000 00
15,000 00
88,200 00
10,000 00
102,000 00

Cities in this State...............
Counties in this S tate............
Tow ns in this State...............
Villages in this S tate.......... .
S chool districts in this State
R ailroad m ortgage b o n d s ....

$422,200 00

00
00
00
00
00
00
50

$56,850 00
122,070 00
44,660 00
15,600 00
91,770 00
10, m 00
©,560 00

$415,374 50

$604,191 4T

$425,310 00

$46,525
118,945
42,767
15,000
87,756
10,000
94,381

4 2 5 ,3 1 0
135,023
6 ,8 9 3
5 ,7 4 5

or t r u s t c o m p a n ie s . . . .
Cash on hand . . . . .
T o ta l o f collectible interest

00
98
39
30

$ 1 ,1 7 7 ,1 6 4 14
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal................................................................................... $1,071,161 60
Dividends credited or to be credited fo r the six
m onths ending w ith December 31, 1916........................
16,190 28

— ----------- — $ 1 ,0 8 7 ,3 5 1 88
Surplus on m arket v a lu e .........................................................................
89 ,81 2 26
$ 1 ,1 7 7 ,1 6 4 14
Surplus on par value, $86,702.26.
CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies Janu ary 1 ,1 91 6 ,
b efore transactions o f th e d a y ..........................................................
F rom depositors, n o t including dividends cred ited ....................
F rom interest on loans, deposits and investm ents....................
F rom m o r tg a g e s .........................................................................................
F rom redem ption o f stocks and b on d s...............................................
F rom stocks and bonds sold (to ta l par value, $ 3 5 ,0 0 0 ).........
F rom all other sources, v iz .: Charge off o f prem ium on bonds




$106,212
5 70,566
5 0 ,0 3 0
4 3 ,7 6 8
4 ,4 0 0
34 ,51 2

48
85
45
46
00
50

220 00
$809,730 74

[80]

Chem ung County

81

P AYM EN TS

To depositors, including dividends paid to th em ...........................
F o r loans on bonds and m ortga ges...................................................
F or stocks and bonds purchased, in cluding prem ium s, com m is­
sions, etc. (to ta l par value, $ 4 0 ,0 0 0 )..........................................
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
$1,949 98
F or t a x e s : Surplus, $697JO; on mortgages, $21.60—
718 80
F or rent o f banking room s........................................................
780
F o r expeases o f other real estate, v i s .:
I n s u r a n c e ..................................................................................
15
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...
2,442 14

------------ ;----Cash on hand and in hanks or tru st com panies December 31,
1916, after transactions o f the d a y ...............................................

$441,967 71
182,077 00
37 ,86 2 50

00
24

5 ,9 0 6 16
141,917 37
$809,730 74

S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accounts January 1, 1917....................................
Num ber o f accounts opened or reopened during the y e a r . . . .
Num ber o f accounts closed during the y e a r ....................................
A m oun t deposited du rin g th e year, n ot including dividends
credited fo r that p e r io d ................................................... ...................
A m ou n t w ithdraw n during the year ...............................................
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................

$570,586 86
441,967 71

$15,451 85
16,19ft 28

A verage am ount o f each account J anu ary 1, 1917....................
R ate per cent, o f dividends to depositors du rin g the six m onths
ending Jun e 30, 1916...........................................................................
R ate per cent, o f dividends to depositors du rin g the six m onths
ending Decem ber 31, 1916......... ...........................................................
T ota l earnings o f the hank fo r the year 1916, after allow ing
f o r am o r t iz a tio n o f p rem iu m s an d d is c o u n t s ...............................

T o ta l expenses o f the bank fo r the year 1916...............................
Dividends paid to depositors fo r the year 1916...........................
N e t earnings for the year 1916 over expenses and dividends
paid to depositors ................................................................................




5 ,068
1,883
1,379

3 1 .642 13
214 55
3%
m
$50,059 05
5 ,9 0 6 16
3 1 .642 13
12,510 76

COLUMBIA COUNTY
18.

HUDSON CITY SAVINGS INSTITUTION, HUDSON

[560 W arren s tr e e t; incorporated IffiO]
CELLS. A. VAN DUESEN, President.
JOHN W . G IL LE T T E . Vice-President.
RO B E R T W . EVANS, Vice-President.
S. M ITC H ELL BA IN E Y, Treasurer.

T R U S T IE S
LOUIS A. BRISTOL,
NOAH H. BROWNING,
LOUIS P . CHURCH,
A. V . S. COCHRANE.

MALCOLM GIFFO RD ,
JOCOB P . M ESICK,
R O BERT W . EVANS,
S. M ITC H E L L RAIN EY,
JOHN W. G IL L E T T E ,
CHAS. A. VAN DEU8EN,
E V E R TS TEN BROECK,
H. S. W ILLIA M S,
GEORGE A. M cK IN S T R Y .

F IN A N C IA L
RESOURCES

Bonds and m ortgages .............................................................................. $ 2 ,29 6 ,8 8 1 00
Stock and bond investm ents, v iz .:
P ar
value
$25,000 00
659,000 00
770,129 00
388,400 00
5,775 00
319,358 52
54,100 00
914,000 00

S to c k s and bon d s

State o f New Y ork.................
Cities in other States............
Cities in this State...............
Counties in this S t a t e ..,—
Tow ns in this State..............
Villages in this State............
School districts in this State
R ailroad m ortgage bon ds—

$3,135,762 52

Estimated
Original
cost
m arket value
$29,000 00
$27,140 63
679,835 00
686,677 27
791,0® 00
800,532 24
403,531 00
399,410 00
5,775 00
5,733 75
321,974 53
324,638 63
65,733 79
54,716 50
927,910 07
849,050 00
$3,230,897 38

$3,130,826 08

3 ,1 3 0 ,8 2 6 03
B anking
actual
Cash on
Cash on
T o ta l o f

house and lo t, book value, $35,000; cost, $74,690.76;
cash v a l u e ..................................................................................
deposit in banks o r trust com panies...............................
hand ..............................................................................................
collectible in terest...................................................................

3 5 ,00 0
420,1 6 9
6 5 ,63 4
72,479

00
43
18
15

$ 8 ,0 2 0 ,9 8 9 79
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal ................................................................................. $5,337,739 81
Dividends credited or to be credited fo r the six
101,687 08
m onths ending w ith December 31, 1916......................

------------------ $ 5 ,4 3 9 ,4 2 6 89
581,562 90
Surplus on m arket v a lu e .........................................................................
$ 6 ,0 2 0 ,9 8 9 79
Surplus on par value, $586,499.39.
CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1 ,1916,
b efore transactions o f the d a y ..........................................................
F rom depositors, n ot including dividends cred ited ......................
F rom interest on loans, deposits and investm ents......................
F rom m o r tg a g e s ..................................................*......................................
F rom redem ption o f stocks and b on d s............................... ...............
[8 2 ]




$392,416
1 ,1 9 9 ,8 1 3
243,9 8 0
312,180
8 1,715

97
07
38
00
67

C o lu m b ia C o u n ty

83

F rom stocks and bonds sold (to ta l par value, $ 2 5 7 ,0 0 0 )----F rom real estate s o ld .............................................................................
F rom a ll other sources, v iz .:
Befunrt on insurance............................................................
Sale o f book case...................................................................
D eposit returned — water m eter rem oved....................

$55 91
12 75
5 00
--------------------

$266,357 50
5 4 ,75 0 00

73 60

$ 2 ,5 5 1 ,2 8 7 25
PAYM EN TS

T o depositors, including dividends paid to th em ......... ............... $ 1 ,0 9 5 ,4 5 5
F o r loans on bonds and m ortga ges.....................................................
9 10,195
F o r stocks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l par value, $ 4 0 ,6 2 5 )...........................................
39,537
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). .
357
F o r cu rrent expenses o f the bank, v iz .:
Salaries ....................................................................................
F or ta x e s : Banking house,$1,159.99 ; surplus, $4,739.89
F or expenses, except taxes, o f banking h o u se :
Bepairs ...........................................................................
F or expenses o f other real estate, v i z .:
R e p a ir s .............................................................
1,199
T a x e s .................................................................
35
O t h e r ........................................................................
605
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking
h o u se ...

17
00
50
09

$8,860 00
5,899 88
66 95
84
00
35
2,958 68

-----------------Other paym ents, v iz .: Suspense a ccou n t........................................
Cash on hand and in banks or tru st com panies Decem ber 31,
1916, a fter transactions o f the d a y ...............................................

19,625 70
313 18
485,803 61
$ 2 ,5 5 1 ,2 8 7 25

S T A T IS T IC A L IN F O R M A T IO N
11,029
Num ber o f open accounts Ja n u a ry 1, 1917....................................
N um ber o f accounts opened o r reopened during th e y e a r . . . .
1 ,8 60
N um ber o f accounts closed du rin g the y e a r ..................................
1 ,555
A m ou n t deposited du rin g the year, n ot in cluding dividends
credited fo r th a t p e ricS ....................................................................... $ 1 ,1 9 9 ,8 1 3 07
A m oun t w ithdraw n du rin g the y e a r .................................................
1 ,0 9 5 ,4 5 5 17
A m ou n t o f dividends credited and paid for the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917........................................................................

$98,383 47
101,687 08

A verage am ount o f each account Janu ary 1, 1917....................
R ate per cent, o f dividends to depositors durin g the s ix m onths
ending June 30, 1916............................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916...................................................................
T o ta l earnings o f th e bank fo r the year 1916, after allow ing
fo r am ortization o f prem ium s and d iscou n ts.............................
T o ta l expenses o f the bank for the year 1916...............................
D ividends paid to depositors fo r the year 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
paid to depositors ................................................................................




200.070 55
483 97
4
4
$243,291 39
19,625 70
200.070 55
23 ,59 5 14

CORTLAND COUNTY
19. CORTLAND SAVINGS BANK, CORTLAND
[111 M ain s t r e e t ;
BENJAM IN L. W EBB, President.
STRA TTO N S. KN OX, V ice-President.
M ARCUS H. M cG RA W , V ice-President.

incorporated 1886]
WM. A. STOCKW ELL, Secretary.
WM. R. COLE, Treasurer.
E A R L W . BE N TLE Y, Asst. Treasurer.

T R U ST E E S
BE N JA M IN L. W EBB,
M ARCUS H. M cGRAW ,
L E W IS BOUTON,
H U B E R T T. BUSHNELL,
STRATTON S. KNOX,

L E ST E R P. BENNETT,
WM. A. STOCKW ELL,
GROVE T . M AXON,
A R TH U R F. STILSON,

W IL L IA M J. BUCHANAN,
BYRON M AXON.
ED W AR D S. DALTON.
E D W A R D A . BREW ER,

F IN A N C IA L
RESOURCES

Bonds and m ortgages .............................................................................. $ 2 ,3 2 9 ,8 1 7 00
Stock and bond investments, v iz .:
P ar
value
$55,000 00
80,000 00
180,000 00
768,183 88
17,000 00
219,670 0i>
90,300 00
375,000 00

S to c k s and bonds

State o f New Y ork.................
State o f M assachusetts.........
Cities in other States............
Cities in this State.................
T ow ns in this State..............
V illages in this S ta te..........
School districts in this State
R ailroad m ortgage b o n d s ....

$1,785,153 88

Original

cost

$57,112 50
87,837 50
182,830 41
786,799 12
17,030 00
223,812 72
95,073 9®
367,315 00
$1,817,811 24

E stim ated
m arket vain®
$58,800 00
77,000 00
184,550 00
780,091 26
17,105 00
225,568 00
91,810 00
306,850 00
$1,742,271 26

P rom issory notes payable on dem and...............................................
B anking house and lot, book value, $30,000; cost, $30,000;
actual cash value ..................................................................................
Other real estate, book value, $15,000; cost, $23,200; actual
cash value ................................................................................................
Cash on deposit in hanks or tru st co m p a n ie s ..............................
Cash on h a n d ................................................................... ..........................
T ota l o f collectible in terest.....................................................................
A m oun t o f a ll other assets, v iz .:
Rents due ................................................................................
Land contracts ......................................................................

1,7 42 ,2 7 1 26
18 00
3 0.000 00
15 .00 0
4 9 8 ,2 6 9
111,302
7 8 ,3 7 9

00
91
59
43

$150 00
5S0 00

700 00
$ 4 ,8 0 5 ,7 5 8 19
L IA B IL IT IE S

A m ount due depositors, v iz .:
Principal .................................................................................. $4,321,28® 04
Dividends credited or to be credited fo r the six
m onths ending w ith December 31, 1916........................
82,7*6 08

$ 4 ,4 0 2 ,9 6 8 12
Other liabilities, v iz .: Expenses incurred, hut u npaid:
R epairs to real esta te..........................................................
Surplus on market v a lu e ..........................................................

75 00
402,7 1 5 07
$ 4 ,8 0 6 ,7 5 8 19
........ ..............

Surplus on par value, $445,597.69.

CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies Janu ary 1, 1916,
b efore transactions o f the d a y ..........................................................
F rom depositors, n o t including* dividends cred ited .....................
F rom interest on loans, deposits and investm ents........................
F rom rents from banking h ou se.........................................
F rom rents from other real esta te....................................................




[84]

$398,810
9 6 1 ,4 0 0
2 0 9 ,3 4 4
23
1 ,3 1 6

99
22
84
00
00

85

C o etland C o u n t y
F rom
F rom
F rom
F rom
F rom
F rom

m ortgages
.................................................................................
redem ption o f stocks
and b on d s..............*
................................
stocks and bonds sold (to ta l par value, $ 5 0 ,0 0 0 )................
loans paid
..............
real estate sold ......................
a ll other sources, v iz .:

Sundry expense repaid .......................................................
E xchange .........................................................................................
Papers sold .............................................................................
Suspense aeeount ..........................................................

$209,875
95 ,86 1
4 0 ,00 0
907
550

00
81
00
00
00

$27 68
1784
3 00

------------------

2500

73 52

$ 1 ,9 1 8 ,1 6 2 88
P AYM EN TS

...... .....:

T o depositors, including dividends pa id to th e m ......... ...............
F o r loans on bonds and m ortga ges......................................................
F o r loans on stocks and bonds and other secu rities..................
F o r stocks and bonds purchased, including prem ium s, com m is­
sions, etc. (to ta l par value, $ 1 0 9 ,4 0 0 )........................................
F o r interest ( other than dividend paym ents to depositors)
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s : Surplus, $3,454.91 ; on m ortgages, $76.......
F or expenses, except taxes, o f banking hou se:
In s u r a n c e ......................... ...............................................
F or rent o f banking room s.................................................
F or expenses o f other real estate, v i z .:
Kepairs ..............................................................................
I n s u r a n c e .................................................... .....................
Taxes ..................................................................................
O t h e r ...........................................................................
F or other expenses, not Including expenses o f other
real estate nor other expenses o f banking h ou se...

-— -

:

$984,036 67
1 5 5 ,M 0 00
925 00
109,400 00
1,125 50

$9,002 80
3,530 91
7 48
700 00
698
13
606
112

30
50
32
69

2,567 11

17,239 11
O ther paym ents, v iz .:
Purchase o f bank site.............................. ...........................
Land contract sold ................................................................
Profit and loss — bond and m ortgage.............................
Suspense account .................... ............................................

$30,000
530
10,000
13

00
00
00
60

40,563 60
Cash on hand and in banks or tru st companies December 31,
1916, after transactions o f the d a y ...............................................

609,572 50

$ 1 ,9 1 8 ,1 6 2 38
S T A T IS T IC A L IN FO R M A TIO N
-..-.- .- ..-.............
11,968
N um ber o f open accounts J anu ary 1, 1917......................................
Num ber o f accounts opened or reopened during the y e a r .........
1,669
Num ber o f accounts closed during the y e a r ....................................
1 ,580
A m oun t deposited during the year, n ot in cluding dividends
$961,400 22
credited fo r th at p e r io d .......................................................................
A m oun t w ithdraw n during the . y e a r .................................................
984,036 67
A m oun t o f dividends credited and paid for the year, v iz .:
Ju ly 1, 1916..............................................................................
January 1, 1917........................................................................
Credited at other periods............................................. .

$80,939 34
81,766 08
114 18

A verage amount o f each account January 1, 1917......................
R ate per cent, o f dividends to depositors durin g the six m onths
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916...................................................................
T o ta l earnings o f the bank for the year 1916, after allow ing
fo r am ortization o f prem ium s and d iscou n ts.............................
T ota l expenses o f the bank fo r th e year 1 9 1 8 ..............................
D ividends pa id t o depositors fo r the y e a r 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
paid to depositors ................................................................................




162.819 60
367 80
4
4
$206,853 38
1 7 ,31 4 11
162.819 60
26 ,71 9 67

DUTCHESS COUNTY
20.

FISHKILL SAVINGS INSTITUTE, FISHKILL

[M ain stre e t; incorporated 1857]
J. S. LUYSTBR. President.
C. D. SHERWOOD, Secretary.
JOHN RA PE IiJE, Vice-President.
R A L P H B R IN C K E RH O FF, Treasurer.

T R U S T IE S
J. S. LU YSTER,
CHAS. D. SHERWOOD,
CHAS. R. M O N fF O R T ,
RO B E R T W. DOUGHTY,
C. C. ROBINSON,
J. H . SNYDER,

S. L. V A N VOORHIS,
L E W IS E. WOOD,
JA R V IS S. P H IL LIP S,
CYRUS TOM PKIN S,
JOHN RAPE LJB ,
E. H. FOSH AY,

S. H. PARSONS.
WM. H. H AIG H T.
JAM ES ADRIANCE,
J. B. W ALDO,
F R A N K KETCHAM ,
R O B E R T E. DEAN.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges......................
Stock and bond investments, v iz .:
Par
value
$7,00000
18,600 00
50,768 00
72,456 ©
D
51,000 00

S to c k s an d bonds

Cities In this State....................
T ow ns in this S ta te.............
V illages in this State............
School districts in this State
R ailroad m ortgage bonds----

$199,824 00

$325,998 40
Original
cost
$6,668
19,353
54,031
75,524
51,362

Estimated
market value

75
00
58
37
00

$7,020 00
19,912 00
63,689 20
75,919 58
41,340 00

$206,939 70

$197,880 78

197,880 78
2 .5 0 0 00
550 00
5 7 ,39 0 57
2 ,6 3 8
8 ,3 36
2 .5 0 0

§ £8

Banking house and lot, book value, $2,500; eost, $2,500; actual
cash v a l u e .................................................................................................
Other real estate, book value, $864.92; eost, $864.92; actual
cash value ................................................................................................
Cash on deposit in banks or trust com panies...............................
Cash on h a n d ...............................................................................................
T ota l o f collectible in terest...................................................................
A m oun t o f all other assets, v iz .: Land co n tra ct.......................

$597,794 85
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal .......................................................................
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1916........................

$551,439 32
10,519 76

------------------

$561,959 08

Other lia b ilities, v iz .:
Expenses incurred, but u n p a id :
A d v e r tis in g .......................................................................
L ight ..................................................................................

$9 50
1 50

-------------------------------------- U 00
Surplus on m arket v a lu e .........................................................................
35 ,82 4 77
$597,794 85
Surplus on par value, $37,767.99.




D utchess C o u n ty

87

CASH TR A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1, 1916,
b efore transactions o f the d a y ..........................................................
P rom depositors, n o t in cluding dividends cred ited .....................
F rom interest on loans, deposits and in vestm ents......................
F rom m o r tg a g e s ...........................
F rom redem ption o f stocks and b on d s...............................................
F rom real estate sold ..............................................................................
F rom a ll oth er sources, v iz .:
Payments on land con tra cts.............................................
Taxes and water rates refunded.......................................

$47,358
9 0 ,1 7 6
2 7 ,02 8
8 ,8 0 0
8 ,4 4 8
1 ,9 60

88
48
98
00
33
79

$105 00
191 30

-------------------------------------- 296 30
$184,069 76
PAYM EN TS

T o depositors, in cluding dividends paid to th e m . . .
F o r loans on bonds and m ortga ges.............................
F o r current expenses o f the bank, v iz .:

$97,057 38
2 2 ,25 0 00
$1,699 59
300 06

F or salaries ...........................................................................
F or ta x e s : Banking house, $33.33; surplus, $266.73___
F or expenses, except taxes, o f banking h o u se :
Repairs ...............................................................................

3 20
161 25

F or expenses o f other real estate, v i z .:
Taxes ..........................................................
Other ..........................................................

12 00

575 66

2 ,7 51 76
F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ................................................................................
Other paym ents, v iz .:
Exam ination o f loan s...........................................................
M iscellaneous item ................................................................
Suspense ...................................................................................

1 ,9 6 0 79

$8 00
7 88
4 72

20 60

Cash on hand and in banks or trust companies December 31,
1916, after transactions o f the d a y .................................................

6 0,029 23
$184,069 76

S T A T IS T IC A L IN F O R M A T IO N
Number o f open accounts January 1, 1917......................................
Num ber o f accounts opened or reopened during the y e a r .........
Num ber o f accounts closed du rin g the y e a r ....................................
A m oun t deposited du rin g the year, n ot including dividends
credited, fo r th at p e rio d .......................................................................
A m ou n t w ithdraw n durin g the y e a r ...................................................
A m ount o f dividends credited and paid for the year, v iz ,:
July 1, 1916..............................................................................
January 1, 1917........................................................................

102
99
$90,176 48
97 ,05 7 38

$10,374 56
10,519 76

A verage am ount o f each account Janu ary 1, 1917.......................
R ate per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six months
ending December 31, 1916...................................................................
T otal earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f prem ium s and discou n ts.............................
T ota l expenses o f the bank fo r the year 1916.................... ..........
D ividends paid to depositors fo r the year 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
paid to depositors ................................................................................




1,062

20 .89 4 32
529 15
4
4
$27,598 54
2 ,7 6 2 76
2 0 .89 4 32
3,941 46

88

K epobt o f S avin gs B a n k s
21.

MATTEAWAN SAVINGS BANK, BEACON

[572 M ain stre e t; in eerforated 1866]
SAMUEL K . P H IL L IP S , President.
BEN JAM IN SU LLIVAN, Treasurer.
FRAN K H. B R E TT , Vice-President.
P E T E R H. VOSBURGH, Secretary.

TR U STE E S
BENJAM IN SU LLIVAN ,
B. F R A N K LIN GREENE,
SAM UEL K. P H IL L IP S ,
T . J. CUNNINGHAM,
F R A N K H. B RETT,
WM. H. SOUTHARD,
BENJ. I. D. ROOSA,

JOHN O. m X O M .
P E T E R H. VOSBURGH,
GU STAVE A. SCHRADER,
SHERW OOD P H IL L IP S ,
JOHN H. LYNCH,
LOUIS E. KAMPE',
HENRY S. CORNEY,

EUGENE B. SM ITH ,
HENRY D. JACKSON,
P A U LL J . CHALLEN,
F . H . V A N HOUTEN,
R O SW E LL S. JUDSON,
ELTON G . STORM.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges.......................
Stock and bond investm ents, v iz .:

$522,045 00

S to c k s and b on d s

value
Cities in other States............
$9,500 00
116,000 00
Cities in this State............... .
Tow ns in this State...................
5,00000
Villages in this State............
120,870 00
School districts in this State
26,275 00
R ailroad m ortgage bonds—
82,00000
$358,646 00

O riginal
Estimated
cost
m arket value
$9,617 33
$9,695 00
110,366 60
115,200 00
5,225 00
6,300 00
124,8% 25
124,36500
27,964 19
26,620 00
79,800 83
67,460 00
$357,800 20

$348,530 00

348,530 00
Other real estate, book value, $461.49; cost, $461.49; actual
cash v a l u e ..................................................................................................
Cash on deposit in banks or tru st com panies.............................
Cash on h a n d ..............................................................................................
T ota l o f collectible in terest.............................................................. —
A m ount o f a ll other assets, v iz .: Land con tra ct.........................

461
9 8 ,6 7 4
1 ,596
14,696
36

49
07
S3
09
00

$986,039 18
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rin cip al...................................................................................
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916........................

$898,948 13
17,341 57

-----------------Other liabilities, v iz .: D ividends accrued on deposits to Janu­
ary 1, 1917 ........................
Surplus on market v a lu e.........................................................................

$916,289 70
5 ,7 2 0 80
6 4 ,0 2 8 68
$986,039 18

Surplus on par value, $74,143.68.
CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies J anu ary 1 ,1 91 6 ,
before transactions o f the d a y ..........................................................
From depositors, n o t including dividends cred ited ................
F rom interest on loans, deposits and in v estm en ts.....................
F rom m ortga ges.......................................................................................
F rom redem ption o f stocks and b o n d s ..............
F rom all other sources, v iz .: Insurance prem ium advanced —
r e f u n d e d .....................................................................................................




$70,271
187,993
4 5 ,1 8 2
19,963
1 1,400

57
71
51
00
00

10 00
$334,820 79

D utchess C o u n ty

89

PAYM EN TS

T o depositors, in cluding dividends pa id to th em .........................
F or loans on bonds and m ortga ges.....................................................
F o r stoeks and bonds purchased, in cluding prem ium s, com m is­
sions, etc. (to ta l par value, $ 2 4 ,6 2 0 ).............................................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
F o r cu rrent expenses o f the bank, v iz .:
F or salaries ............... ...........................................................
F or taxes : surplus, $499.....................................................
F o r rent o f hanking room s.................................................
F or expenses o f other real estate, v i z .:
Repairs ............................................................................
Taxes ........................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se...

$182,818 61
2 3 ,795 00
2 3 ,906 64
114 79

499 00
360 00
6 00
1005
523 43

3 ,6 98 48
Other paym ents, v iz .:
Taxes and insurance prem ium s
advanced ....................................................................................................
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ...............................................

216 67
100,270 60
$334,820 79

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917....................................
Num ber o f accounts opened or reopened during the y e a r . . . .
Num ber o f aeeounts closed during the y e a r ....................................
A m oun t deposited during the year, n ot including dividends
credited fo r that p e r io d .......................................................................
A m ount w ithdraw n during the y e a r....................................................
A m oun t o f dividends credited and paid for the year, v iz .:

July 1, 1916................................................................

January 1, 1917........................................................................

$187,993 71
182,818 61

$17,087 55
17,341 57

A verage am ount o f each account Janu ary 1, 1917....................
R ate per cent, o f dividends to depositors du rin g the six m onths
ending June 30, 1916.......................................................................
R ate per cent, o f dividends to depositors during th e s ix m ouths
ending Decem ber 31, 1916...................................................................
T o ta l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f prem ium s and d iscou n ts........... .................
T ota l expenses o f the bank fo r the year 1916.............................
D ividends paid to depositors fo r the year 1916...........................
N et earnings for the year 1916 over expenses and dividends
paid to depositors ................................................................................




2 ,1 4 5
400
233

34.369 12
427 17
4
4
$46,716 18
3 ,6 98 48
34.369 12
8 ,6 4 8 58

90

R eport o f S avin g s B a n k s
22.

THE MECHANICS SAVINGS BANK, BEACON.

[91 Mata stre e t; incorporated 1866]
JOHN T. SMITH, President.
E D W AR D R. CORWIN, Secretary.
FE RD IN A N D LOUGHRAN, Vice-President. BER TR A M L. SM ITH , Treasurer.

TRUSTEES
JOHN T. SMITH,
BEN JAM IN HAMMOND,
JOHN W . CORWIN,
B ERTRAM L. SM ITH,
PRESTON GREENE,
FERD . LOUGHRAN,
C H ESTER H. BOND,

A N DREW BARN ES,
JAM ES E. VAN HOUTEN
W. J. PR ALA TOW SKI.
AARON E. A LDRIDGE,
WM. J. CONKLTN,
PRAN K L. HOW ARD,
A. H. BLACKBURN,

HENRY MONTGOMERY,
WM. YATES
GEORGE CHATTERTON,
R. F. C. K IE B ,
HOMER H. STUART,
RO B E R T M cK IN LEY,
R O B E R T B. LAM B.

F IN A N C IA L
RESOURCES

$874,024 91

Bonds and m ortgages ....................
Stock and bond investments, viz.:
S to c k s and b on d s

Cities in other States............
Cities in this State.................
Counties in this State............
T ow ns to this S tate...............
Villages in this State............
School districts in this State
R ailroad m ortgage b o n d s ...

P ar
value
$188,700 00
328,519 66
45,000 00
234,000 00
539,525 08
203,050 00
242,000 00
$1,780,794 72

Original
Estimated
cost
m arket value
$197,798 63
$200,84500
339,100 26
332,01446
49,600 50
46,20000
242,369 01
243,07000
857,692 59
552,73880
214,474 99
215,82750
239,060 00
199,83000
$1,839,985 98

$1,790,525 76

1 ,7 9 0 ,5 2 5 76
Banking house and lot, book value, $15,000; cost, $22,460.22;
actual cash value ..................................................................................
Other real estate, book value, $8,144.80; cost, $8,144.80;
a c tu a l cash v a lu e .......................................................................................

Cash on
Cash on
T ota l o f
A m ount

deposit in banks or trust com panies...............................
hand .............................................................................................
collectible in terest............................... .....................................
o f all oth er assets, v iz .:

Land contracts ......................................................................
Rents accrued ........................................................................
Insurance and taxes advanced..........................................

15,000 00
7 ,9 5 0
116,409
2 ,8 2 2
4 2,391

00
42
00
70

$22,700 00
37 50
1,079 74

23 ,81 7 24
$ 2 ,8 7 2 ,9 4 1 03
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal .................................................................................. $2,475,236 73
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1916........................
48,635 12

------------------ $ 2 ,52 3 ,8 7 1 85
Other liabilities, v iz ,:
Dividends accrued on deposits to January 1, 1917....
Expenses incurred, but unpaid : bonding officers—

$16,^5 81
37 50

-----------------Surplus on m arket v a lu e .........................................................................

Surplus on par value, $322,474.83.

16,863 31
332,205 87
$ 2 ,87 2 ,9 4 1 03
~
......

CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies Janu ary 1, 1916,
before transactions o f the d a y ..........................................................
F rom depositors, n ot in cluding dividends cred ited ......................
F rom interest on loans, deposits and investm ents........................
F rom rents from banking h o u s e ........................................................
F rom rents from other real estate ..................................................




$130,988
4 01,875
125,258
857
205

14
82
29
50
84

91

D utchess C o u n t y
F rom
From
From
From

m ortgages ...................................................................
redemption, o f stocks and b on d s......................
real estate sold ........................................................
a ll other sources, v iz .:

County clerk ..........................................................................
Contracts, real estate...........................................................
Suspense ..................................................................................
Taxes advanced, refunded..................................................
Interest, advanced — refunded ........................................

••
•

$14,,226 50
73.,366 67
1 ,100 00

$1 05
250 00
96
805 08
3 73
1 ,0 60 82
$748,939 58

PAYMENTS
To depositors, including dividends paid to th em .................... ......
F o r loans on bonds and m ortga ges......................................................
F o r stocks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l par value, $ 1 5 3 ,4 0 0 )...........................................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). .
F o r current expenses o f the bank, v iz .:
F or s a la r ie s .............................................................................
F or taxes : Banking house, $504.80; surplus, $2,568.98 .
F or expenses, except taxes, o f banking h o u se :
Repairs ...............................................................................
Insurance ..........................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Ta xes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

$432,432 94
19,200 00
1 6 3 ,4 9 0 32
1 ,892 28

$5,891 54
3,07378
151 40
52 19
642 94
648
84
165
60

52
00
44
25

80451

11,574 57
Other paym ents, v iz .:
County clerk .........................................................................
Insurance and taxes advanced..........................................
Im provements — real estate .............................................
E rror in dividend.................................................................

$8 70
195 42
893 93
20 00

1 ,118 05
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ..............................................

119,231 42
$748,939 58

S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts January 1, 1917......................................
N um ber o f accounts opened or reopened durin g the y e a r .........
N um ber o f accounts d o s e d during the y e a r ...................................
A m ount deposited during the year, not including dividends
credited fo r that p e r io d .......................................................................
A m ount w ithdraw n du rin g the y e a r ...................................................
A m ount o f dividends credited and pa id for the year, v iz .:
M ay 1, 1916..............................................................................
November 1, 1916.....................................................................

5 ,202
575
410
$401,875 82
432,432 94

$48,119 70
48,635 12

-------------------------------------- 9 6 ,75 4 82
A verage amount o f each account J anu ary 1, 1917......................
485 17
R ate per cent, o f dividends t o depositors during the six m onths
4
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916...................................................................
4
T ota l earnings o f the bank fo r the year 1916, after allow in g
fo r am ortization o f prem ium s and d iscou n ts.............................
$125,273 52
T ota l expenses o f the bank fo r the year 1916...............................
11,574 57
D ividends paid to depositors fo r the year 1916.............................
9 6 ,7 5 4 82
N et earnings for the year 1916 over expenses and dividends
paid to d e p o s it o r s .................
16,944 13




n

R eport o f S a vin g s B a n k s
23.

PAWLING SAVINGS BANE, PAWLING
[Incorporated 1ST J
O

W IL L IA M H. T A BE R , President.
W IL L IA M H. OSBORN, V ice-President.

H EN RY D. W AR N E R , Vice-President.
H OW ARD N. ALLEN , Secretary.
GEORGE A . D A N IE LS, Treasurer.

T R U S T IE S
W IL L IA M H. TABER,
H E N R Y A. HOLMES,
GEORGE H. ADAMS,
HENRY S. WANZER,
M E RR IC K D. GREEN,

HOW ARD N. ALLEN ,
W IL L IA M H. OSBORN,
GEORGE A. DAN IELS,
■FRED C. TABE R ,

FRANK
FRANK
ORSON
HENRY
H ENRY

A . DENTON,
HOAG,
W . SLOAT.
D. W ARNER,
F . B LE SSIN &

F IN A N C IA L
RESOURCES

Bonds and m o r t g a g e s ......................
S tock and bond investm ents, v iz .:

$432,885 00

P ar
value
$10,000 00
40,000 00
37,700 00
15,000 00
27,000 00
69,400 00
51,900 00
113,000 00

Stocks and bonds
State o f M assachusetts.........
Cities in other States............
Cities in this State.................
Counties in this State............
Tow ns in this S tate...............
Villages in this State............
School districts in this State
R ailroad m ortgage bonds—

$354,000 00

Original
Estim ated
cost
m arket value
$10,900 00
$9,600 00
41,800 00
41,302 00
37,521 00
38,978 27
16,200 00
15,160 00
28,089 40
28,575 00
60,407 96
59,751 00
53,423 20
54,017 00
119,610 45
95,600 00
$368,891 28

$342,014 00

342,014 00
Banking
actual
Cash on
Cash on
T ota l o f

house and lot, book value, $10,000; cost, $10,825.54;
cash value ...................................................................................
deposit in banks or tru st com panies...............................
hand ..............................................................................................
collectible in terest.....................................................................

6,0 00
89,513
1 ,384
9 ,4 5 4

00
43
52
15

$881,251 10
L IA B IL IT IE S

A m ou n t due depositors, v iz .:
P rincipal .................................................................................
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1916......................

$805,268 81
14,626 31

------------------

$819,895 12

Other liabilities, v iz .:
Expenses incurred, b u t u n p a id : S a la ries......................................
Surplus on m arket v a lu e .........................................................................

120 00
6 1 ,23 3 98
$881,251 10

Surplus on par value, $73,221.98.
CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1, 1910,
before transactions o f the d a y ..........................................................
F rom depositors, n ot including dividends cred ited ......................
F rom in terest on loans, deposits and investm ents.......................
F rom m o r tg a g e s .........................................................................................
F rom redem ption o f stocks and b on d s...............................................




$ 5 4 ,9 5 9
184,941
38,651
8 ,0 4 8
8 ,0 2 $

88
44
99
00
00

$29 2,6 1 $ 31

D u tchess C o u n t y

93

PAYM EN TS

T o depositors, in cluding dividends pa id to th em .........................
F o r loans on bonds and m ortga ges...................................................
F o r stocks and bonds purchased, in cluding prem ium s, com m is­
sions, etc. (to ta l par value, $ 5 ,0 0 0 ).............................................
F o r cu rrent expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s : Banking house, $166.85; surplus, $472.52;
on m ortgages, $28,80............................................................
F or expenses, except taxes, o f banking h o u se :
R epairs ........................
Insurance ..........................................................................
Other ..................................................................................
For other expenses, not Including expenses o f other
real estate nor other expenses o f banking h o u s e ....

$156,013 73
3 6 ,6 0 0 00
5 ,2 2 5 00

$2,063 50
665 87
188 15
30 00
113 79
815 32

-----------------Cash on hand and in banks or tru st com panies December 31,
1016, a fter transactions o f the d a y ...............................................

3 ,8 7 6 63
9 0 ,89 7 95
$292,613 31

S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accounts January 1, 1917......................................
N um ber o f accounts opened or reopened du rin g the y e a r -----Num ber o f accounts closed du rin g th e y e a r ....................................
A m oun t deposited d u rin g the year, n ot in cluding dividends
credited fo r th at p e rio d ............................................................ ..........
A m oun t w ithdraw n during the y e a r .................................................
A m oun t o f dividends credited and pa id fo r the year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................

2 ,1 3 4
300
247
$184,941 44
156,013 73

$13,955 78
14,626 31

A verage am ount o f each account Janu ary 1, 1917....................
R a te per cent, o f dividends to depositors durin g the six months
ending June 30, 1916..............................................................................
R a te per cent, o f dividends to depositors during the six m onths
ending December 31, 1916.....................................................................

28 .58 2 09
384 20
3 and 4
3 and 4

T o t a l ea rn in g s o f th e b a n k fo r th e y e a r 1916, a fte r a llo w in g

fo r am ortization o f premiums and discou n ts...........................
T ota l expenses o f the bank fo r the year 1916...............................
D ividends paid to depositors fo r the year 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
paid to d e p o s it o r s ..................................................................................




$36,528 73
3 ,8 4 4 38
2 8 .58 2 09
4 ,1 0 2 26

94

R eport on S a vin g s B a n k s
24.

THE POUGHKEEPSIE SAVINGS BANK,

POUGHKEEPSIE

[21 and 23 M arket stre e t; incorporated 1831]
FLOY M. JOHNSTON, President.
J. FR ED LOVEJOY, Treasurer.
E D W A R D S. A T W A T E R , Viee-Pres.
H ARRY E. M EEK S, Asst. Treasurer.
CHARLES F. COSSUM, Viee-Pres,

TR U STE E S
F R A N K B. LOWN,
H EN RY V. PELTON,
EDW ARD S. A T W A T E R ,
H EN RY E . LOSSY,

WM. T. REYNOLDS,
JOHN C. OTIS,
FLO Y M. JOHNSTON,
G U ILFO RD DUDLEY.
JAM ES II. YOUNG,

C H ARLES F. COSSUM,
CLARENCE W . PIE RC E ,
W IL L E T E. HOYSRADT,
HENRY BOOTH.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges.........................
Stock and bonds investm ents, v iz .:
Stocks and bonds

$ 8 ,6 3 9 ,7 9 3 58

value

State o f Idaho.........................
$50,000 00
State o f M assachusetts.........
200,000 00
State o f U tah.........................
90,0W00
Cities in other States............
498,500 00
Cities in this State................. 2,154,528 71
Counties in this S tate............
285,500 00
Tow ns in this S tate...............
136,682 99
Villages in this S tate..............
749,858 64
School districts in this State
217,750 00
R ailroad m ortgage bonds—
2,023,000 00
$6,405,818 34

Original
Estimated
cost
m arket value
$49,160 00
$50,500 00
215,460 00
191,000 00
90,064 50
88,200 00
518,472 63
501,755 00
2,165,220 63
2,222,238 39
306,161 40
2®, 595 00
142,024 16
141,477 63
767,523 66
771,066 27
225,349 00
226,480 73
2,066,723 09
1,697,520 00
$6,604,298 56

$6,118,683 53

..
.............— .* —
—
= —
P rom issory notes payable on dem and.................................................
Banking house and lot, book value, $130,000; cost, $193,328.60;
actual cash value ...................................................................................
Cash on deposit in banks or tru st com panies...............................
Cash on h a n d ..............................................................................................
T ota l o f collectible in terest.....................................................................
A m ount o f all other assets, v iz .: Land con tra cts.......................

6 ,1 1 8 ,6 8 3 53
27 ,90 0 00
130,000
4 68,438
111,875
183,165
425

00
91
96
95
00

$ 1 5 ,6 8 0 ,2 8 2 93
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal ..................................................................................$14,326,581 13
Dividends credited or to be credited fo r the six
months ending with December 31, 1916 .........................
275,174 00

■
-------- ----------$ 1 4 ,6 0 1 ,7 5 5 13
Surplus on market v a lu e .........................................................................
1 ,0 78 ,5 2 7 80
$ 1 5 ,6 8 0 ,2 8 2 93
Surplus on par value, $1,365,662.61.
CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies Janu ary 1,1 91 6 ,
before transactions o f the d a y ...................................... ...................
F rom depositors, n ot including dividends cred ited ......................
F rom interest on loans, deposits and investm ents......................
F rom m o r tg a g e s ..................................................................... ...................
F rom redem ption o f stocks and b on d s...............................................
F rom loans p a i d .........................................................................................




$691,435
2 ,2 3 8 ,6 9 9
679,427
344,489
244,183
2 5 ,00 0

30
93
00
37
86
00

95

D u tchess C o u n ty
From a ll oth er sources, v iz .:
Land contracts .................................. .
Taxes advanced ..................................
Cherry Street R ealty Co. account.
A ttorney's fees ..................................

|1,268
43
13,301
2,208

00
98
32
60

10,821 90
$ 4 ,2 4 0 ,0 5 7 36

PAYMENTS
T o depositors, including dividends paid to th em ............................. $ 2 ,4 8 3 ,6 1 9
F o r loans on bonds and m o r t g a g e s ...................................................
1 ,0 4 5 ,4 0 7
F o r loans on stocks and bonds and other secu rities..................
5 2 ,00 0
F o r stocks and bonds purchased, including prem ium s, com m is­
sions, etc. ( total par value, $ 2 7 ,7 3 3 .6 5 )......................................
2 7 ,73 3
F or current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or taxes : Banking house,{1,859.98; surplus, {8,968.28
F or expenses, except taxes, o f banking hou se:
Repairs ...............................................................................
Insurance .........................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u s e ....

02
30
00
65

{21,538 17
10,828 26
344 79
17 50
704 40
5,685 25

' -----------------Other paym ents, v iz .: Cherry Street Realty Co. a c c o u n t .. . .
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y ...............................................

39 ,11 8 97
11,802 95
580,3 1 4 87
$ 4 ,2 4 0 ,0 5 7 36

S T A T IS T IC A L IN F O R M A T IO N
28,339
Number o f open accounts January 1, 1917......................................
Num ber o f accounts opened or reopened durin g the y e a r -----3 ,1 6 3
Number o f accounts closed during the y e a r ....................................
2 ,5 6 3
A m ount deposited during the year, n ot in cluding dividends
credited fo r th at p e rio d ....................................................................... $ 2 ,2 3 8 ,6 9 9 93

Amount withdrawn during the year................................................

2,483,619 62

A m oun t o f dividends credited and paid fo r the year, v iz .:
July 1, 1916...............................................................................
January 1, 1917........................................................................
Credited at other periods....................................................

{272,761 83
275,174 09
19 32

Average am ount o f each account Janu ary 1, 1917......................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916............................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916...................................................................
T ota l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f prem ium s and d iscou n ts.............................
T ota l expenses o f the bank fo r the year 1910...............................
D ividends paid to depositors f o r the year 1916.............................
N e t earnings fo r th e year 1916 over expenses and dividends
p a id to depositors ................................................................................




547.955 15
515 25
4
4
$680,828 94
39 ,11 8 97
547.955 15
9 3 ,7 5 4 82

96

R eport oh S a vin g s B a n k s

m.

RHINEBECK SAVINGS BANK, KHIMESECK

[15 M ontgom ery stre e t; Incorporated I860]
M ARTIN HBBRM ANCB, V ice-Pres.
AUGUSTUS M, T R A V E R , President.
TH ADDEU S A. T R A V E R , Treanarer.
M. V. B. SCHRYVER, Vice-President.

T R U S T IE S
AUGUSTUS M. TR AV E R ,
M. V. B . SCHRYVER,
T H A D . A. TRAVER.
M A RTIN HEERMANCE,
A . LE E W AGER,

JAS. S. ARMSTRONG.
W IL L IA M R. CARROLL.
M A N D E VILLE S. FROST.
ELM ER C O m ,
.
CHAS. B. HOFFM AN,
*

EUGENE P. BUDD,
CH ARLES FE RR IS,
T R A C Y DOWS,
M ARCUS M. LOWN.
JOHN P . HERMANS.

F IN A N C IA L
RESOURCES

$403,820 75

Bonds and m ortgages...........................
Stock and bond investm ents, viz.:
S to c k s and bon d s

United States .........................
State o f M assachusetts.........
State o f Louisiana.................
Cities in other States............
C ities in this State.................
Counties in this State............
Tow ns in this State...............
V illages in this State............
R ailroad m ortgage bonds—

P ar
value
$10,000 00
4,000 00
10,000 00
50,000 00
100,500 00
8,000 00
26,300 00
106,585 40
178,000 00
$493,385 40

Original
Estimated
cost
m arket value
$11,100 00
$12,050 00
3,880 00
4,185 00
10,900 00
9,975 00
49,950 00
64,350 70
100,700 00
105,561-00
9,1® 00
8,060 00
27,260 60
27,220 00
113,406 47
107,940 25
166,190 00
183,379 68
$519,333 45

$485,940 25

4 85,940 25
Banking bouse and lot, book value, $5,000; cost, $10,111.20;
actual cash value ..................................................................................
Cash on deposit in banks or trust com pan ies...............................
C ash o n h a n d

................................................................................................ ..

T ota l o f collectible in terest.....................................................................

5 ,0 0 0
2 9 ,21 3
6 ,6 9 5
11,556

00
29
11
99

$9 4 2,2 3 5 39
L IA B IL IT IE S

A m ou n t due depositors, v iz .:
P rincipal ..............................................................................
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916.................... .

$859,503 21
15,600 37

— :-------------Surplus on m arket v a lu e ..........................................................................

$875,103 58
07,181 81
$942,215 39

Surplus on par value, $74,576 96.
CASH T R A N SA C T IO N S D U R IN G T H E Y E A R W M
R E C E IPTS

Cash on hand and in b asks or tru st eompcuaies J a n u a ry 1 ,1 9 1 4 ,
b efore transactions o f the d a y ......... ..................................................
F rom depositors, n ot including dividends c r e d ite d ...................
F rom interest on loans, deposits and investm ents.......................
F rom m ortgages .................................................................................. ..
From redemption o f stocks and b on d s.................................................
F rom all other sources, v iz .: Insurance and taxes advanced —
refunded ............................................................ .......................................




$ 5 5 ,4 1 7
129,772
4 1 ,05 7
16,212
2 2 ,15 0

33
40
23
50
00

342 71
$264,952 23

D utchess C o u n t y

m

PAYMENTS*

T o depositors, in cluding dividends p a id to th em ...........................
F o r loans on bonds and m ortga ges............................. ......................
F o r stocks and bonds purchased, including
eonsittiiasions, etc. (to ta l par value, $ 3 5 ,0 0 0 )...............................................
F or interest (other than dividend paym ents to d e p o s ito r s ). . .
F or current expenses o f the bank; v iz ::'
F or salaries ....................................
$3,235,0®
F or ta x e s : Banking house, $135.46 ; surplus, $554.6®:;
704 06
on mortgages, $14,.................... ...................... ’
F or expenses, except taxes, o f banking h o u se :
Repairs ....................................................................................
1929
Insurance ..............................................................
Other .........................................................................................
1250
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...
624 4S

Other paym ents, v iz .: Insurance and taxes advanced'..............
Cash on hand a n d in Banka o r tru st com panies December 31,
1916, after transactions o f the d a y .................................................

$132,853 17
3 # , 453 S3
298 62

2720

4 ,6 2 2 SO
316 41
35,908 40
$264,952- 23

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts Janu ary 1, 1917— ..................................
Num ber o f accounts opened or reopened du rin g th e y e a r .........
N um ber o f accounts closed during the y e a r . ............. ............. —
A m oun t deposited durin g the year, n o t including dividends
credited fo r that p e rio d .................................................... .
A m ount w ithdraw n during the y e a r .....................................................
A m o u n t.o f dividends credited and paid for the year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................

$ 1 2 9 ,7 7 2 4*
132,853' 17

$15,490 77
15,600 37

A verage am ount o f each account J anu ary I, 1 9 1 7 ........................
R ate per cent, o f dividend* to depositors during, the six m onths
ending June 30, 1916.............................................................. ...............
R ate per cent, o f dividend’s to depositors during the six. m onths
ending December 31, 1916 . ...................................................................
T otal earnings o f the bank fo r the yea r 1916, a fter allow ing
fo r am ortization o f prem ium s and d iscou n ts...........................
T ota l expenses o f the bank for the year 1916____ ______ _______
D ividends paid to depositors fo r the year 1916.............................
N et earnings fo r the. year 1916 over expenses and dividends
pa id to d ep ositors..................................................................................




2 ,9 4 3
263
228

31,091 14
297 m
3 and' 4
3 an<f 4
$40,0 8 4 00
4 ,6 2 2 50
31,094' f4
4 ,3 7 0 36

98

R eport

ok

S avings B anks

26. WAPPINGBR SAVINGS BANK, WAPPINGERS FALLS
[2 M ill stre e t; incorporated 1869]
JA M B S B . BARLOW , President.
W IL L IA M A . BR E W STE R , Treasurer.
I. T . N. HARCOUBT, V ice-President.
J. W . CORNELL, Asst. Treasurer.
C H ARLES T . JONES, Vice-President.
W IL L IA M K. r 6 y , Secretary.

TR U STE E S
JOHN H. DAKIN,
WM. A. B REW STER,
W IL L IA M K. ROY,
JAM BS R. BARLOW ,

J. W YC K O FF CORNELL,
JOHN H. W IX S O N
GEORGE H. AN GBL l ,
C H ARLES T . JONES,

THOM AS J. CASHIN.
W IL L IA M J. W ORKMAN,
I. T. N. HARCOUBT,
G. A . CUNNINGHAM,

F IN A N C IA L
RESOURCES

Bonds and m ortga ges...........................
S tock and bond investm ents, v iz .:
Stocks and bonds
Cities in this State.......... .
Counties in tM s S tate............
T ow ns in tM s State...............
V illages in tM s S tate............
School districts in this State
Railroad m ortgage bonds—

Par
value
17,426 67
51,746 69
21,400 00
36,400 00
28,000 00
104,000 00
1248,973 36

$402,005 00
Original
Estimated
m arket value
cost
$7,115 33
$7,576 07
50,946 69
52,284 69
22,706 28
21,614 00
38,214 00
37,310 81
28,547 00
29,370 00
107,291 25
91,540 00
$255,686 10

$238,800 02

238,800
8 5,003
5 ,5 7 0
10,171

Cash on deposit in banks o r tru st com panies
Cash on h a n d ............................................................
T ota l o f collectible in terest.................................

02
29
45
35

$741,550 11
L IA B IL IT IE S

A m oun t due depositors, v iz .: P r in cip a l..........................................
Other liabilities, v iz .: D ividends accrued on deposits t o Janu­
a ry 1, 1917................................................................................................
Surplus on m arket v a lu e .........................................................................

$689,931 78
6 ,6 0 0 00
45,018 33
$741,550 11

Surplus on par value, $55,191.67.
CASH TR A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1, 1916,
before transactions o f the d a y ..........................................................
F rom depositors, n ot including dividends cred ited ......................
F rom interest on loans, deposits and investm ents.........................
F rom m ortgages ........................................................................................
F rom redemption o f stocks and b on d s.................................................

$50,201
176,620
3 4 ,13 2
4 2 ,08 0
5 3 ,57 6

50
04
15
00
69

$356,610 38
P AYM EN TS

T o depositors, ineluding dividends paid to th em ...........................
F o r loans on bonds and m ortga ges........................................................
F or stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l par value, $ 3 6 ,2 4 8 .6 9 )......................................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .




$175,836 17
4 7 ,90 0 00
36 ,44 0 86
136 58

D utchess C o u n ty

99

F or current expenses o f the bank, viz.:
.

F or salaries ...........................................................................
F or ta x es: Surplus, $442.77................................................
For rent o f banking room s.................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house.......

$2,687 60
442 77
180 00
412 76

-----------------Other paym ents, v iz .: P rofit and loss account — m o r t g a g e ...
Cash on hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y ..............................................

$3,723 03
2 ,0 0 0 00
90,573 74
$356,610 38

S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts January 1, 1917........................................
Num ber o f accounts opened or reopened durin g the y e a r ...........
N um ber o f accounts closed during the y e a r......................................
A m ount deposited durin g the year, n ot including dividends
credited fo r that p e r io d .......................................................................
A m oun t w ithdraw n du rin g the y e a r ...................................................
A m ount o f dividends credited and paid for the year, v iz .:
A p r i l 1 , 1916.........................................................................................................
O c t o b e r 1, 1916................................................................................................

$176,620 04
175,836 17

$12,827 87
13,0 4 0 27

Average amount of each account January 1, 1917........................
R ate per cent, o f dividends to depositors durin g the six months
ending June 30, 1916............................................................................
R ate per cent, o f dividends to depositors during the six months
ending December 31, 1916........................................ ............................
T otal earnings of the bank for the year 1916, after allow ing
fo r am ortization o f premiums and d iscou n ts.............................
Total expenses o f the bank for the year 1916.................................
D ividends paid to depositors for the yea r 1916...............................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




1,773
281
229

25 .86 7 64
389 30
4
4
$33,865 53
3 ,7 2 3 03
25.867 64
4 ,2 7 4 86

ERIE C O U N TY

27. AMERICAN SAVINGS B AN K OF BUFFALO, BUFFALO
[216 Main stre e t; incorporated 18073
JOHN M. SA TT E R F IE L D , President,
.TAMES HAN RAHAN. Vice-President.
C H A R LE S J. F IX , Vice-Pres.
W IL L IA M P. LUEDEKE, Secretary.

TR U STE E S
FR A N K X . ARGUS,
©HAS. A N TON IAZZI,
W IL L IA M T. ATW A TE R,
GEORGE K. BIRGE,
A L FR E D H. BURT,
MYRON P . BUSH,
E DW ARD H. B U T L E R .
CH ARLES J. F IX ,

F. E. FRONCZAK,
L. P . FUHRM ANN,
JAM ES HANRAHAN,
ROB E R T H. HEUSSLER,
WM. H. H OTCHKISS,
DUDLEY M. IRW IN ,
B E R T L. JONES,

WM. P. LUEDEKE,
NORMAN B . MACK,
J. M. SA TT E R F IEL D }
THOM AS STODDART.CHAS. W ; TOYNBEE,
H. A . M ELDRUM , .
G. M. ZIM M ERM AN ,.
J. G. W ALLB N M E IE B ,. Ja.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges......................
Stock and bond investm ents, v iz .:

$ 1 ,7 3 0 ,3 4 0 00

Par
value
$30,000 0D
66,000 00
156,963 85
30,000 00
79,10ft 00
450,000 00

Estimated
Original
market value
cost
$30,000 00
$29,333 86
67,987 50
66,771 77
158,908 15
156,820 11
31,300 06
31,073 08
79,449 98
80,649-00
433,1% 00
448,655 70

$811,063 85

$812,104 48

S to c k s and b on d s

State o f New M e x ic o ;........
Cities in other States............
C ities in this State..........
Tow ns in this S tate...............
V illages to this S tate.........
R ailroad mortgage bonds—

$802,084 65

8 0 2 »«2 4
3 0 3 ,1 7 4
24 ,15 9
2 0 ,03 8

Cash on deposit in banks or tru st com panies
Cask on b a n d ..........................................................
T ota l o f collectible in terest...............................

09
57
13
40

$ 2 ,8 7 9 ,7 3 0 75
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal .................................................................................. $2,767,602 84
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916 ......................
49,937 27

------------------ $ 2 ,8 1 7 ,4 4 0 11
Surplus on m arket v a lu e .........................................................................
62 ,29 0 64
$ 2 ,8 7 9 ,7 3 6 75
Surplus on par value, $71,335.84.
CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1910

RECEIPTS
Cash on hand and in banks or tru st com panies Janu ary 1, 1916,
b efore transactions o f the d a y ..........................................................
From depositors, n o t in cluding dividends cred ited ......................
F rom interest on loans, deposits and investm ents.........................
F rom m o r t g a g e s .......................................................... ..............................
F rom redem ption o f stocks and b on d s...............................................




[100]

$194,244
1 ,2 3 3 ,5 0 4
126,703
7 8 ,11 0
16,798

53
84
25
00
90

101

E b ie C o u n ty
From stocks and bonds sold (to ta l par value, $40*000)..............
From all other sources, viz. : Collection and exchange and
profit on bonds .......................................................................................

$30,799 35
876 85
* 1 ,4 9 0 ,0 3 7 72

£A3BCEanEB
T o depositors, in cluding dividends p a id to th em ...........................
F o r loans on bonds and m ortga ges........... .......... ........................... ...
F o r stocks and bonds purchased, including prem ium s, com m is­
sions, etc. (to ta l pa r value, $ 1 3 5 ,9 7 0 )............................... ...........
F o r interest (other than dividend .payments to d e p o s ito r s ). . .
F o r eurrent expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x es : Surplus, $318.07...............................................
F or rent o f banking room s................................... .............
F or other expenses, not including expenses o f other
real estate n or other expenses o f banking h o u se ...

$870,219 44
337,800 00
138,415 34
1,663 51

$7,074 52
318 07
4,800 00
2,682 23

-----------------Other paym ents, viz. : Interest on contingent lia b ilitie s.........
Cash on hand and in banks o r tru st com panies December 31,
1916, after transactions o f the d a y ..................... .............................

14,084 82
520 91
327,333 70
$ 1 ,6 9 0 ,0 3 7 72

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917......................................
7 ,1 43
N um ber o f accounts opened or reopened during the y e a r ...........
3 ,5 54
2 ,0 9 6
N um ber o f accounts closed during the y e a r ......................................
A m ount deposited during the year, n ot in cluding dividends
scjsedited f o r that p e rio d .............. ..............
— .................. ........... $ 1 ,2 3 3 ,5 0 4 84
A m oun t w ithdraw n during the y e a r .................... ................................
870,219 44
A m oun t o f dividends credited and paid fo r the year, v iz .:
July 1, 1916...............................................................................

January 1, 1917.......................................................... -............
C redited at oth er p eriod s....................................................

$46,717 26
49,891 11
84 93

Average am ount o f each account J anu ary 1, 1917.........................
R ate per cent, o f dividends to depositors durin g the s ix m onths
ending June 30, 1916..............................................................................
R ate per cent, o f dividends to depositors durin g the six m onths
ending December 31, 1916...................................................................
T ota l earnings o f "the bank for the year 1916, after allow ing
f o r am ortization o f premiums and discou n ts.............................
T ota l expenses o f the bank for the year 1916.................................
Bw iflends paid to depositors for the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




9 6 ,69 3 30
394 43
4
4
$126,712 64
14,084 82
9 7 ,21 4 21
15,413 61

R eport

102
28.

ox

S avings B anks

BUFFALO SA V IN G S B A N K , BUFFALO

[545 M ain stre e t; incorporated 1846]
E. CORNING TOWNSEND, President.
P. X. W ANEM ACHER, Treasurer,
C H ARLES L. GURNEY, Viee-Pres.
CHARLES DENNY, Asst. Secretary.
SEYMOUR P. W H ITE . tie e -P re s.
OSCAR J. RODENBACH, A sst. Treasurer.
GEORGE D. SEARS, Secretary.

T R U S T IE S
E. CORNING TOWNSEND,
WM. H. GLENNY,
GEORGE BLEISTEIN ,
R IC H A R D E . GA V lN .
CHARLES L. GURNEY,

JOHN L. CLAWSON,
SEYMOUR P. W H ITE ,
HEN RY M. GERRANS,
D b W IT T CLINTON,
C. B . PORTER,

JOHN B . OLMSTED,
JOHN A, MANN,
WM. HUDSON,
HUGH KENNEDY,
ED W AR D L. KOONS.

F IN A N C IA L
RESOURCES

Bonds and m ortgages...............................................
Stock and bond investments, v iz .:
Par
value
State o f C alifornia.................
$101,000 00
State o f Louisiana...................
100,000 00
Cities in other States............ 5,898,600 00
Cities in this State................. 3,201,381 50
Counties in this S tate............
537,000 00
Tow ns in this State...............
79,000 00
Villages in this S tate............
170,166 60
School districts in this State
100,250 00
Railroad m ortgage bonds___ 9,140,000 00
S to c k s and b onds

.$ 1 9 ,7 4 7 ,0 8 4 15

Original
Estimated
m arket value
cost
$103,020 00
$96,328 75
109,000 00
109,655 00
6,190 845 00
6,167,144 14
3,321,779 47
3,327,637 18
554,035 00
550,337 17
79,000 00
84,332 50
167,876 60
172,095 39
102,797 50
102,160 58
8,919,400 00
9,930,705 90

$19,327,278 10 $20,540,396 61 $19,547,753 57

—
—
= = = .===== = = = = =.... — 1 9 ,54 7 ,7 5 3
=
Banking bouse and lot, book value, $450,000; cost, $783,734.76;
783,734
actu al cash v a lu e ....................................................................................
Other real estate, book value, $219,075.24; cost, $219,075.24;
actual cash v a lu e ..................................................................................
219,075
Cash on deposit in banks or trust com panies.................................
4 ,5 2 7 ,0 8 7
Cash on h an d ................................................................................................
386,308
T otal o f collectible in terest.....................................................................
352,464

57
76
24
38
92
00

$ 4 5 ,5 6 4 ,1 6 8 08
L IA B IL IT IE S

A m ount due depositors, viz.:
P rincipal ..................................................................................$40,949,802 73
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916......................
768,117 11

------------------ $ 4 1 ,7 1 7 ,9 1 9 84
Surplus on market v a lu e.......................................................................... 3 ,8 4 0 ,2 4 8 24
$ 4 5 ,5 0 4 ,1 6 8 &8
Surplus on par value, $3,625,772.77.

...... :...............

...:

CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks o r trust com panies Janu ary 1, 1916,
before transactions o f th e d a y ............................................................ $ 3 ,9 8 1 ,5 8 1 19
F rom depositors, n o t in cluding dividends cred ited ......................... 1 1 ,92 2 ,3 0 3 26
From interest on loans, deposits and investm ents.......................
1 ,9 5 4 ,1 1 7 08
F rom rents from banking h ou se............................................................
4 ,6 4 0 11
F rom rents from other real e s t a t e ......................................................
19,920 25
F rom m ortgages .........................................................................................
1 ,5 0 0 ,2 8 4 49
F rom redem ption o f stocks and b on d s.................................................
235-045 53
F rom stoeks and bonds sold (to ta l par value, $ 5 0 ,0 0 0 )................
5 0 ,72 3 80
From real estate s o ld ................................................................................
21 ,30 9 77
From all other sources, v iz .: Land con tra cts...............................
5 ,1 9 8 64




$ 1 9 ,6 9 5 ,1 3 0 12

103

E rie C o u n ty
PAYM E N TS

T o depositors, in cluding dividends paid to th em ............................. $ 1 0 ,0 0 7 ,0 5 9
F or loans on bonds and m ortga ges.................................................
1 ,2 2 3 ,5 4 5
For stocks and bonds purchased, including prem ium s, com m is­
sions, etc. (to ta l par value, $ 3 ,31 5 ,0 0 0 )......................................
3 ,1 4 2 ,6 1 1
F or interest (other than dividend paym ents to d e p o s ito r s ). . .
32,168
F or current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or t a x e s :
Banking house, $19,168.19; surplus,
$25,110.69 ................................................................................
F or expenses, except taxes, o f banking hou se:
Repairs ..............................................................................
Insurance .........................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses or other
real estate nor other expenses o f banking house—

29
74

175,458 14
44,278 88
984 50
321 54
10,838 60
3,609
283
6,584
3,756

54
64
98
84

12,691 12

-----------------F o r real estate acquired by foreclosure, or in settlem ent o f
debts due the b a n k ................................................................................
Other paym ents, viz.:
Taxes, interest and expense on contract advanced,
refunded, . ...........................................................................
New bank property purchased..........................................

60
13

158,807 78
15,891 34

$9© 94
200,000 00

------- ----------200,989 94
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y .................................................... 4 ,9 1 4 ,0 5 6 30
$ 1 9 ,6 9 5 ,1 3 0 12
S T A T IS T IC A L IN F O R M A T IO N
Number o f open accounts January 1, 1917....................................
70,478
Number o f accounts opened or reopened du rin g the y e a r .................
14,263
Number o f accounts closed durin g the y e a r ....................................
9 ,8 39
A m ount deposited durin g the year, n ot including dividends
credited fo r that p e r io d ....................................................................... $ 1 1 ,9 2 2 ,3 0 3 26
A m oun t w ithdraw n durin g the y e a r ........................................ ..
1 0 ,00 7 ,0 5 9 60
A m ount o f (pvidenda credited and pa id for the year, v iz .:
Ju ly 1, 1916..............................................................................
January 1, 1917........................................................................
C redited a t oth er p eriod s....................................................
P a id but n ot cred ited ..........................................................

$744,041
768,117
10,438
61

5?
11
69
95

------------------ 1 ,6 2 2 ,6 4 9
Average am ount o f each aceount J anu ary 1, 1917.........................
591
Number o f accounts w hich exceeded $3,000, exclusive o f d iv i­
dends credited, a t the last tria l balance of depositors' ledg­
ers, except deposits a risin g from society accounts, or ju d i­
cial sales, o r trust funds or by order of a court o f record
or o f a s u r r o g a t e ................................................................................
T otal am ount o f such accou nts............................................................
$ 3 ,2 3 0
R ate per cent, o f dividends t o depositors during the six m onths
ending June 30, 1916................................................... ..........................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916...................................................................
T ota l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f premiums and discou n ts............................. $ 1 ,8 9 8 ,0 8 2
T ota l expenses o f the bank fo r the year 1916..................................
158,807
D ividends paid to depositors fo r the year 1916.............................
1 ,5 2 2 ,6 4 9
N et earnings for the year 1916 over expenses and dividends
paid to dep ositors..................................................................................
216,625




22
93

1
00
4
4
21
78
22
21

M :
M

R e p o st oh S avin g s B a n k s
29. ERIE COUNTY <SA<7fIfG6 BANK, BUFFALO

[M ain, Niagara, Church » M Pearl s tre e ts; iacoigfom ted 1864J
E G B E R T-S . DONALDSON, President.
RO B E R T D. Y OU N G,'Treasurer.

E *

* “ L T"

-

TRUSTEES
ROBT. S. DONALDSON,
GEORGE L. W ILLIAM S,
W IL L IA M A. ROGERS,
G. B A R R E T T RICH,
GEORGE R. HOW ARD,

L. D. RUMSEY,
CARLTON M. SM ITH,
THOS. T. RAM SDELL,
JOHN W. ROBINSON,
H. W . SPRAGUE,

W H ITN E Y G. CASE,
RO B E R T D. YOUNG.
GEORGE C. GINTHBB.
JOHN K. W ALK E R ,
E. H. HUTCHINSON.

FINANCIAL
RESOURCES

Bonds and m ortgages.................................................................................. $3 3 ,8 5 9 ,4 0 7 93
Stock and bond investm ents, v iz .:
Stocks and bonds
State o f Alabam a............
State o f Massachusetts.
(M ies Jn other States...
Oliies In th is State.......
Counties In this S tate..
R ailroad m ortgage bonds

P ar
value
$300,000 00
500,000 00
3,282, 000 00
7 , m , m 63
100,00 0 00

10,175,000 00

Estim ated
Original
cost
m arket value
$320,345 00
$309,000 00
480,000 00
660,625 00
3,318,070 00
3,432,899 95
7,746,938 80
7, 888, 570 51
99,880 00
10 0 ,0 0 0
00
10,748,732 30
9,008,180 00

$22,132,014 63 $23,051,172 76 $20,961,989 80

P rom issory notes pa ya b le on dem and........... ................. ................. ..
Banking Bouse and lot, book value, $1,196,057.43; cost,
| y $ 6 J ?5 7 .4 3 i actual cash v a lu e ...................................................
Ctfher rreal estate, book value, $60,999.24; cost, $60,999.24;
actu al cash v a lu e ........................................ ............................................
Cash on. deposit in banks m tru st com panies............... .................
Caah on h a n d ................................................................................................
Tptai o f collectible in te r e s t ....................................................................
A m oun t o f all other assets, v iz .: R ents due and a ccru ed.........

2 0 ,9 6 1 ,9 8 9 80
167,845 00
1 ,1 96 ,0 5 7 43
6 0,999
5 ,6 7 0 ,1 8 7
180,409
678,289
2 ,2 21

24
48
90
86
72

$ 6 2 ,4 9 7 ,3 5 8 W
L IA B IL IT IE S

Am ount due d ep ository v iz .:
P rincipal ........ ............................ ............... ........ ................. $57,156,194 46
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916............ ........ 1,076,294 99

------------------ $5 8 ,2 3 2 ,3 9 9 45
Starffttts o n m a rk e t v a l u e ............................................................... .............

4*8 04,.9 58 6 5

$ 6 2 ,4 8 7 ,3 5 8 10
Surplus on par value, $5,434,983.48.
CASH TR A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies Janu ary 1, 1916,
b efore transactions o f the d a y ......... ................................................ $ 8 ,6 5 7 ,6 5 6 42
F rom depositors, n o t in cluding dividends cred ited...................... 1 3 /8 0 7 ,1 8 5 83
F rom interest .on loa n s, deposits and investm ents......................... -2,5 7 2 /8 6 4 23
Ik pm ren ts from banking h ou se............................................................
58,382 53
P rom rente from oth er rea l esta te........................ ............................
69$ 98
P rom m ortgages ..........................................................................................
1 ,3 3 8 ,1 1 7 07
From redem ption o f stocks and B onds...............................................
W 0 ,625 46
From lo a n s p a id ...........................................................................................
'75,000 00
F rom real estate s o ld ................................................................................
17,851 71




E

r ie

1m

County

From all other sources, viz.:
Profit — sale o f real e sta te ...
P rofit — sale o f oM iro n .......

$143 98

aw

$m

m

$ 2 2 ,1 4 8 ,5 4 7 21
PAYM EN TS

T o depositor®, ia e la iln g dividends pa id t o th em ........... . . . . « ....... # 1 2 ,9 8 4 ,5 1 7
F or teams on bonds and m ortga ges...................... ............... ; .............. 2 , 6 2
F o r loans on stocks and bonds and other secu rities....................
197,845
F o r stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l pa r value, $287,00#*)'...........................................
287,000
2 ,0 0 0
F o r in terest ( other than dividend paym ents to d e p o s ito rs ). , .
F o r cu rrent expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s : Banking house, $30,717.51; surplus,
$28,911.71 ................................................................................
F or expenses, except taxes, o f h au lin g h o u se :
Repairs .................................................. ...........................
Insurance ........................................................................
Other ..................................................................................
For expenses o f other real estate, v i z .:
R epairs ...............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
F or o t te r expenses; not including expenses o f other
real estate a m o t te r expenses, o f banking b o u se ..

28
m
00
00
43

$73,409 80
69,629 22
9;11* 21

z ,m m

26,491 73
224 18
363 34
2,105 49
23,849 38

197,477 18

Other paym ents, v iz .;
Rossi— real estate sold .......................................................
Loss — on bank accoun t......................................................

$1,995 69
3,739 25

-----------------Cash on hand and' in banks or tru st com panies December 31,
ISM ,, a fter transactions o f the d a y ...............................................

5,7384 #4
5 ,8 5 0 ,5 9 7 38
$ 2 2 ,1 4 8 ,5 4 7 21

S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accounts Janu ary 1, 1917......................................
96*, 713
Number o f accounts opened or reopened du rin g the y e a r .........
1*8,239
Number o f accounts closed durin g the y e a r ............................. .....
1&„7M.
A m ount deposited durin g the year, n ot in cluding dividends
credited lo r th at p e rio d ....................................................................... $ 1 3 ,8 0 7 ,1 8 5 83
A m ount w ithdraw n during the y e a r ................................................... 1 2 ,98 4 ,5 1 7 28
A m oun t o f dividends credited and p a id fo r the year,, viz..:
July 1, 1916.............................................................................. $1,053,774 10
January 1, 1917................. ...................................................... 1,076,204 99
Credited a t other p eriod s...................................................
1,811 04

------------------ 2 ,1 3 1 ,7 9 0 73
Average am ount o f each account Janu ary 1, 1917.......................
608 40
R ate per cent, o f dividends to dtepositors du rin g th e six m onths
encfing* June 30; 1-91#*................................................... ..........................
4
R a te p e r cent, o f dividends t o depositors d u rin g th e s fx m onths
ending'D ecem ber 31, 1-9T8........................................ .......... ...............
4
T ota l earnings o f th e bank f o r the .year 1916, a fter aflbw ihg
fo r am ortization o f prem ium s and discou n ts........................... .$2,628,169 54
T o ta l expenses o f the bank f o r the year 1910.................. ...............
203,2 1 2 12
D ividends paid to depositors* f o r the year 1016...............................
2 ,1 3 1 ,7 9 0 73
N et earnings for th e year 1910 over expenses a n d dlvidfends
p a id to d e p o s ito r s .................................................................................
293,166 69




R eport on S avin g s B a n k s

106
30.

T H E W E S T E R N SA V IN G S B A N K , BU FFALO

[438 M ain stre e t; incorporated 1881J
A L B E R T J. W H E E LE R , President.
H OW ARD H. B A K E R , Vice-President.
H EN RY E R B , Vice-President.
FR AN K LIN W . H. BEC KE R , Treas.

TR U STE E S
H EN RY E B B ,
A L B E R T 3 . W H EELER,
H O W ARD H. B AKER,
CHARLES DIEBOLD, J b „
ED W AR D A . E ISE LE ,

HENRY E. BOLDER,
W IL L IA M F. W ENDT,
F. W . H. BECKER,
W IL L IA M SIMON,
LE W IS J. HEIN TZ,

CHAS. H. DONALDSON,
EDW . E. COATSW ORTH,
GEO. D. MONTGOMERY,
GROVER W. W BNDB,
HENRY R. HOFFBLD.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges.............................................................................. $ 5 ,4 8 5 ,9 7 0 00
Stock and bond investm ents, viz.:
Par
Original
Estim ated
value
cost
m arket value
C ities in other States............
$575,000 00
$607,331 90
$590,000 00
Cities in this State............... 2,251,865 32
2,299,547 32
2,309,968 21
Counties-in this S tate............
162,000 00
166,370 20
162,660 00
166,930 50
168,730 33
169,959 80
V illages in this S tate............
S chool districts in this State
101,000 00
101,000 00
101,400 00
R ailroad m ortgage b o n d s ....
2,175,000 00 2,159,062 50
1,920,500 00
S to c k s and b onds

$5,431,795 82

$5,502,042 26

$5,254,388 01

^
------^ .... —
—
—
5 ,2 5 4 ,3 8 8 01
Banking bouse and lot, book value, $100,000; cost, $150,000;
actual cash v a lu e..................................................................................
150,000 00
Cash on deposit in banks and tru st com panies.............................
1 ,1 1 9 ,5 7 4 86
Cash on h an d ...............................................................................................
113,450 13
T o ta l o f collectible in terest...................................................................
115,595 11
A m oun t o f a ll other assets, v iz : Taxes advanced.......................
2 ,1 3 9 01
$1 2 ,2 4 1 ,1 1 7 12
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal ..................................................................................$11,190,391 77
Dividends credited or to be credited fo r the six
m onths ending w ith December 31, 1916......................
214,209 75

------------------ $11,40 4 ,6 0 1 52
Surplus on m arket v a lu e .......................................................................
836,515 60
$ 1 2 ,2 4 1 ,1 1 7 12
Surplus on par value, $1,013,923.41.
CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st companies January 1,
1916, before transactions o f the d a y ...............................................
F rom depositors, n ot in cluding dividends cred ited ......................
F rom interest on loans, deposits and investm ents......................
From rents from banking h ou se..........................................................
F rom m ortga ges.........................................................................................
F rom redemption o f stocks and b on d s............................................
F rom stocks and bonds sold (to ta l par value, $ 2 5 0 ,0 0 0 )----F rom all other sources, v iz : Barge Canal judgm ent p a id ----




$826,430
2 ,7 9 2 ,1 3 9
522,001
4 ,5 4 9
314,725
677,344
248,503
9 ,0 7 8

89
64
34
92
00
75
62
48

$5 , 394,773 54

107

E r ie C o u n t y
PAYM EN TS

T o depositors, including dividends paid to th em ......................... $ 2 ,4 6 0 ,4 4 2
F o r loans on bonds and m ortga ges...................................................
741,750
F or stocks and bonds purchased, including premiums, com m is­
902,725
sions, etc. (to ta l par value, $956,576.87).................................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). .
5,087
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s :
Banking house, $9,587.12; surplus,
$6,787.10 ..................................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

2?
00
45
24

$27,387 35
16,374 22
509 47
6,472 55

-----------------Other paym ents, v iz : Purchase m oney m ortgage r e fu n d .. . . .
Cash on hand and in banks or trust com panies December 31,
1916, after transactions of the d a y .................................................

50,743 59
1 ,0 0 0 00
1 ,2 3 3 ,0 2 4 99
$ 5 ,3 9 4 ,7 7 3 54

S T A T IS T IC A L IN FO R M A TIO N
14,461
Number o f open accounts January 1, 1917....................................
2 ,7 6 0
N um ber o f accounts opened or reopened during the y e a r .........
1,783
Number o f accounts closed du rin g the y e a r ............. .....................
A m ount deposited during the year, n ot in cluding dividends
credited fo r th at p e riod ..................................................................... $ 2 ,7 9 2 ,1 3 9 64
2 ,4 6 0 ,4 4 2 27
A m oun t w ithdraw n during the y e a r ...................................................
Am ou nt o f dividends credited and p a id fo r the year, v iz .:
July 1, 1916................................................................................
January 1, 1917 ........................................................................
Credited at other periods....................................................

*208,933 79
214,209 75
1,684 81

Average am ount o f each account January 1, 1917......................
R a te ner cent, o f dividends to depositors during the six months
ending June 30, 1916.............................................................................
R a te per cent, o f dividends to depositors during the six months
ending December 31, 1916..............................................................
T o ta l earnings o f the ban^ for the year, 1916 after allow ing
fo r am ortization o f prem ium s and d iscou n ts.............................
T ota l expenses o f the bank fo r the year 1916...............................
D ividends paid to depositors for the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors................................................................................




424.8 2 8 35
788 64
4

4
$536,487 43
50 ,74 3 59
424.8 2 8 35
60 ,91 5 49

GREENE COUNTY
31.

C A T S K IL L SA V IN G S B AN K , C A T SK ILL

[843 Main stre e t; incorporated 1868]
W . IR V IN G JENNINGS, President.
ORRIN D A Y .T rea s a rer.
EMORY A . CHASE, Vice-President.
JE R E M IA H DAY, Secretary.

TR U ST E E S
W . I. JENNINGS.

JE R E M IA H D A Y .
O RRIN DAY,
WM. P A LM A TIER .
CHARLES B. B A SSE T T ,

EM ORY A. CHASE,
JAM ES L. MALCOLM,
A . C. BLOODGOOD,
ADDISON P . JONES.
W M. H. VAN ORDEN,

GEORGE S. M W I S ,
FR A N K H. OSBORN,
OM AR V. SAGE.
W IL L IA M J. HUGHES.
J. CLAR K SALISBURY.

F IN A N C IA L
RESOURCES

R oads and m ortga ges.............................................................................. $ 1 ,4 5 7 ,7 9 3 94
Stock and bond investm ents, v iz .:
Par
value
$45,000 06
State o f New Y ork...............
State o f W yom ing...................
25,000 00
State o f C alifornia.................
28,000 00
Cities in oth er S ta te s...........
128,000 00
457,080 00
Cities in this State.................
Counties in this S tate.......... '
59,000 00
Tow ns in this State.............
40,000 00
89,000 00
Villages in this S tate............
75,780 00
S chool districts in this State
494,000 00
R ailroad m ortgage bonds—
S to c k s and bon d s

$2„037,860 00

Estimated
Original
m arket value
cost
$47,300 00
$45,806 25
27,390 00
34,562 S
O
23,500 00
15,50*00
760,574 81
744,510 00
471,416 49
463,031 20
59,000 00
65,740 97
4#, 4® »
m m m
94,688 50
89,340 00
81,782 04
77,626 10
461,030 00
516,947 11
$2,135,469 97

$2,036,896 30

2 ,0 3 8 ,8 9 6 90
Banking
actual
Cash on
Cash on
T otal o f

house and lot, hoo*t value, $40,000; cost, $54,512.27
cash v a lu e ..................................................................................
deposit in banks o r trust com panies...............................
h a n d ...............................................................................................
collectible in terest...................... ............................................

4 0 ,0 0 0
2 2 4 ,2 8 9
24, OH
5 0 ,06 4

00
m
98
38

$ 3 ,8 3 »,9 §® #7
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal ..................................................................................$3,386,631 14
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1916.........................
86,428 M

$ 3 ,4 4 3 ,0 5 9 40
Other liabilities, viz.:
Expenses incurred, but u n p a id : A dding machine
Surplus on market v a lu e .................................................

3 95
390,892 32
$ 3 ,8 3 3 ,9 5 5 67

Surplus on par value, $391,856.02.
C A S H T R A N SA C T IO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or trust com panies January 1, 1916,
•betfore transactions o f the d a y ..........................................................
From depositors, n ot including dividends cred ited ......................
From interest on loans, deposits and investm ents.........................
F rom m ortga ges.........................................................................................




[108]

$241,426
7 3 6 ,1 7 4
1 52,859
6 0 ,0 5 0

64
21
70
00

109

G reeke C ounty
F rom
From
F rom
From

redemption o f stocks and b on d s...............................................
stocks and bonds sold (to ta l par value, $ 1 0 ,0 0 0 )...........
loans p a id ........................... .............................................................
all other sources, v iz .: P rofit sale o f b on d s......................

$ 76,830
10,082
2 ,5 0 0
183

00
65
00
25

$ 1 ,2 8 0 ,1 0 6 45
PAYM EN TS

T o depositors, including dividends paid to th e m ...........................
F o r loans on bonds and m ortga ges........... .......................................
F o r interest (other than dividend paym ents to depositors) . . .
F o r current expenses o f the bank, v iz .:
F or s a la r ie s .............................................................................
F or ta x e s : Banking house, $905.62; surplus, $3,087.81;
on mortgages, $46................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance ..........................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o l banking house—

$776,135 26
241,4 0 0 00
23 88

$8,136 00
4,039 43
19 19
185 00
261 12
1,606 02

-----------------Other paym ents, v iz .: P rofit and l o s s . . . ....................................
Cash on hand a id in banks or tru st com panies December 31,
1916, after transactions o f the d a y ...............................................

14,245 76
50
248,301 05
$ 1 ,2 8 0 ,1 0 6 45

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917......................................
Num ber o f aeeounts opened or reopened durin g the y e a r ...........
Num ber o f accounts closed during the y e a r ....................................
A m ount deposited during the year, n ot including dividends
credited fo r th at p e rio d .......................................................................
A m ount w ithraw n during the y e a r .....................................................
Am ount o f dividends credited and pa id fo r the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917........................................................................

$736,174 21
776,135 26

$55,431 67
56,428 26

Average am ount o f each account January 1, 1917......................
Number o f accounts which exceeded $3,000, exclusive o f d iv i­
dends credited, a t the la st tria l balance o f depositors’ M g ­
ers, except deposits arisin g from society accounts, or ju ­
dicial sales, or tru st funds or b y order o f a cou rt o f record
or o f a surrogate.....................................................................................
T ota l am ount o f such a ccou n ts..........................................................
R ate per cent, o f dividends to depositors during th e s ix m onths
ending June 30, 1916.........................................................................
B a te per cent, o f dividends to depositors during the six m onths
ending December 31, 1916..............................................................
T o ta l earnings o f the bank for the year, 1916 after allow ing
fo r am ortization o f premiums and discou n ts...........................
T ota l expenses o f the bank fo r the year 1916.................................
D ividends paid to depositors for the year 1916............. ...............
N et earnings for the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




7 ,5 64
860
704

111,859 93
455 19

1
$4,071 24

3%
3%
$150,670 42
14,047 58
111,859 93
24 ,76 2 91

JEFFERSON COUNTY
32.

JEFFERSON COUNTY SAVINGS BANK, WATERTOWN

[202 W ashington s tr e e t; incorporated 1859]
HUNKY PURCELL, President.
.
GEORGE G. SHERM AN, Vice-President.
0 . B. HUNGERFORD, Vice-President.
A . T . E. LANSING. Treasurer.

T R U S T IE S
D. C. M IDDLETON.
O. E. HUNGERFORD,
GEO. C. SHERMAN,
ROBT. J. BUCK,
H. PURCELL,

S.
D.
D.
A.

R. CLEVELAND,
M. ANDERSON,
M. COSGROVE,
T. E. LANSING,

S. A . UPHAM ,
F. H. W ADDINGHAM ,
P. A . P ITC H E R ,
C A R L G. N ILL,
FR ED . W . COBURN.

F IN A N C IA L

RESOURCES
1 3 ,9 0 1 ,1 8 2 75

Bonds and m ortga ges.............................
Stock and bond investm ents, v iz .:
Par
value
State o f D elaware...................
$100,000 00
Cities in other States............
545,000 00
Cities in this State................. 1,078,800 00
130,000 00
Counties in this State .........
Tow ns in this S t a t e ..............
173,700 00
V illages in this S t a t e ..........
281,925 94
School districts in this State
46,185 82
Railroad m ortgage bonds—
2,307,000 00
S to c k s and b on d s

$4,662,691 76

Original
Estimated
m arket value
cost
$102,000 00
$103,250 00
562,288 48
562,100 00
1,070,858 00
1,110,916 46
133,712 65
130,2# 00
183,160 08
170,875 00
283,2# 33
286,658 24
47,241 62
46,016 62
2,318,353 13
2,106,600 00
$4,745,570 65

$4,461,898 ®

Banking house and lot, book value, $111,500; cost, $115,548.78;

$ 4 ,4 8 1 ,8 9 8 85

actual cash v a lu e..................................................................................
Cash on deposit in banks or trust com panies.............................
Cash on h an d...............................................................................................
T o ta l o f collectible in terest...................................................................
A m ount o f all other assets, viz.:
Land c o n t r a c t s .......................................................................
Rents due and accrued .......................................................

111,500
6 03,788
108,012
7 1,193

00
69
13
78

$73,487 60
S38 92

7 3,826 52
$ 9 ,3 3 1 ,4 0 2 72
L IA B IL IT IE S

Am ount due depositors, v iz .:
Principal ................................................................................. $8,692,004 54
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1916......................
161,826 08

— -------- ------ $ 8 ,8 5 6 ,8 2 9 62
Surplus on m arket v a lu e.......................................................................
474,573 10
$ 9 ,3 3 1 ,4 0 2 72
.:.........'.......======

Surplus on par value. $678,226.01.

CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E CEIPTS

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................
From depositors, n ot including dividends cred ited .......................
From interest on loans, deposits and investm ents..........................
From rents from banking b ou se..........................................................
From rents from other real esta te .....................................................
I r o m m ortga ges.........................................................................................
From redemption o f stocks and b on d s.............................................




[ 110]

$778,260
2 ,0 8 0 ,4 3 6
407,582
6 ,8 4 8
944
386,589
69,311

81
91
28
51
04
25
54

J efferson C o u n t y

111

From stocks and bonds sold (to ta l par value, $ 1 0 0 ,0 0 0 ).........
From real estate s o ld ..............................................................................
From a ll other sources, v iz .:
Appraisal f e e s .........................................................................
Lands c o n t r a c t s .....................................................................
Insurance premium advanced, r e fu n d e d ,.,....................
Profit and Loss-recovery ....................................................

$629
7,212
25
82

$ 9 3 ,5 0 0 00
24 ,55 0 00

60
40
00
08

7 ,9 4 9 08
$ 3 ,8 5 5 ,9 7 2 42
PAYM ENTS

To depositors, including dividends paid to th em ......................... $ 1 ,8 0 4 ,0 3 9
F or loans on bonds and m ortgages.....................................................
3 6 1 ,6 0 0
F or stocks and bonds purchased, including premiums, eommis*
m issions, etc. (to ta l par value, $ 9 6 5 ,0 0 0 )..................................
916,839
F o r interest (other than dividend paym ents to d e p o s ito r s ). . .
8 ,3 5 4
F o r current expenses o f the bank, v iz .;
F o r salaries ...........................................................................
F or ta x e s : Banking house, $3,100.71; surplus, $2,852.74
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
I n s u r a n c e ................................................................... .
Other ..................................................................................
F or expenses o f other real estate, v i z .:
R e p a ir s ............... ............................................................
Insurance ..........................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se...

78
00
38
85

$20,386 27
6,953 45
186 17
434 22
2,117 15
232 62
380 19
308 95
289 14
4,497 30

35,765 46
Other paym ents, v iz .:
A ppraisal f e e s ........................................................................
Land c o n t r a c t .........................................................................
Taxes and insurance advanced ........................................
F or release o f m ortgage .............................
Cash d iffe re n ce .......................................................................
M iscellaneous payment .......................................................

$3
17,000
236
150
13
170

25
00
46
00
42
00

17,572 13
Cash on hand and in banks o r tru st com panies December 31,
1916, after transactions o f the d a y ..............................................

711,800 82
$ 3 ,8 5 5 ,9 7 2 42

S T A T IS T IC A L IN F O R M A T IO N
30,421
Number o f open accounts January 1, 1917........................................
N um ber o f accounts opened or reopened during the y e a r ...........
2 ,8 2 0
Number o f accounts d o sed during the y e a r...........................
3 ,117
A m ount deposited during the year, n ot in cluding dividends
credited fo r that p e rio d ....................................................................... $ 2 ,0 8 0 ,4 3 6 91
Am ount w ithdraw n during the y e a r .................................................
1 ,8 0 4 ,0 3 9 78
A m ount o f dividends credited and paid for the year, v iz ,:
July 1, 1916..............................................................................
January 1, 1917 .......................................................................
Credited at other p e r io d s ............... ..................................

$159,540 30
164,825 08
182 95

Average am ount o f each account January 1, 1917......................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916...................................................................
T ota l earnings o f the bank for the year, 1916 after allow in g
for am ortization o f premiums and d iscou n ts.............................
T ota l expenses o f the bank for the year 1916...............................
Dividends paid to depositors fo r the year 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




324.548 33
291 14
4
4
$399,650 04
35 ,76 5 46
324.548 33
3 9,336 25

m

R epo st on S avin gs B a n k s
33.

W A T E R T O W N S A Y IN G S B A N E , W A T E R T O W N

[126 W ashington stre e t; incorporated 98931
I. L. HUNT, President.
W. W. CONDE, Vlee-Presfdent.
SILAS L. GEORGE, V ice-President,
H A RVEY W. S T EE LE , Treasurer.

T R U ST E E S
ALLEN C. BEACH,
JOHN % PAW LIN G,
W IL L IA M E . SILL,
S IL A S L. -GEORGE,

fe M E ^ ^ ^ A R M O N ,

ISAAC L. HUNT,
W . W . CONDE,
ANTONIO F. M ILLS.
H. P. DUNLAP,
IR A SHARP,
C H ARLES D. BINGHAM ,
A N DREW C. CORN W ELL, ADAM B IC K E LH A U PT,
E L I B. JOHNSON,
GEORGE J. DRYDEN,
K A R L GEORGE.
LORENZO SM ITH ,

F IN A N C IA L
RESOURCES

Bonds anA m ortgages............................................................................
§Jo0k .and bond investments, v iz .:
P ar
value
125.000 00
293.000 00
207,709 20
113.000 00
37,125 00
39S.980 96
127,900 00
370.000 00

S to c k s an d bon d s

State o f Louisana , ..............
Cities in other S t a t e s ..........
Cities in this State ...............
Counties in this State .........
T ow ns in this S t a t e ..............
Villages in this S t a t e ............
School districts In this State
R ailroad m ortgage bonds —

$1,572,715 16

$ 2 ,0 0 3 ,6 3 2 60

Estim ated
Original
cost
m arket value
$86,450 00
$24,943 09
302,189 38
306,985 00
218,417 18
213,426 81
114.000 00
113,871 80
37,541 00
37,766 00
404,301 66
405,930 76
129,499 01
130,170 00
373,801 90
344.000 00
$1,599,574 M
l

$1,582,698 94

Cash on deposit in banks or tru st com panies
Gash on l a n d ..............................................................
T o ta l o f collectible in terest....................................

1 ,5 8 2 ,6 9 8
337,708
2 3,095
27,33®

94
29
06
82

$ 3 ,9 7 4 ,4 7 0 71
L IA B IL IT IE S

A fn ou st due depositors, v iz .:
Principal ................................................................................. $8,676,722 06
Dividends credited or to b e . credited fo r the six
m onths ending w ith December 31, 1916........................
70,907 32

------------------ $ 3 ,7 4 6 ,6 2 9 38
Surplus on market v a lu e .......................................................................
227,841 33
$ 3 ,97 4 ,4 7 0 7:1
Surplus on par value, $217,857.55.




JE F F E R SO N

113

COUNTY

CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1915
R E C E IPTS

Cash on hand and in banks o r tru st com panies January l ,
1916, before transactions o f the d a y . . . . ....................................
F rom depositors, n ot including dividends cred ited ......................
F rom interest on loans, deposits and investm ents.........................
F rom m ortgages.........................................................................................
F rom redemption o f stocks a n d b o n d s ...............................................

$339,875
721,938
179,725
133,823
7 1,063

27
09
93
97
46

$ 1 ,4 4 6 ,4 2 6 1%
vATm w m
T o depositors, in cluding dividends p a id t o th em , . .................. *.
F o r loans on bonds and m ortgages.................................................
F o r stock s and bonds purchased, including premiums, com ­
m issions, etc. ( tota l par value, $166,654JO )
......................
F or interest (oth er than dividend paym ents to dep ositors) . . .
F o r current expenses o f the bank, w s .
F or s a la r ie s ............................................................................
F or ta x e s; surplus $1,715.48; on mortgages, $7.75___
P er rent o f banking room s.................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house___

$ 6 8 1 ,6§S 79
222,742 00
164,634 45
1,722 40

$8,700 00
1,723 20
1,190 69
2,907 53

-----------------Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y .............................................

14,830 73
360,803 35
$ 1 ,4 4 6 ,4 2 6 72

STATISTICAL INFORMATION
Number ©£ open accounts January 1, 1917....................................
Number o f accounts opened or reopened during the y e a r .........
Number o f accounts closed during the y e a r ................* .................
A m ount deposited du rin g the year, n ot including dividends
credited fo r th a t p e rio d .....................................................................
A m ount w ithdrawn during the y e a r .................................................
A m ount o f dividends credited and paid for the year, v iz .;
July 1, 1916..............................................................................
January 1, 1917 .......................................................................

$721,938 09
681,693 79

$69,072 79
70,901 32

Average am ount o f each account January 1, 1917........................
R ate per cent, o f dividends t o depositors during the six months
lending Ju n e 3ft, U H L - .......................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916............................................................ ..
T ota l earnings o f th e hank fo r the year 1916, after allow ing
l o r am ortization o f prem ium s and d iscou n ts...........................
T ota l expenses o f the bank fo r the year 1916.............................
D ividends paid to depositors for the year 1916...........................
N et earnings for the year 1916 over expenses and dividends
paid to d ep ositors..................................................................................




9 ,4 56
909
1,128

139.980 11
396 21
4
4
177,434 48
14,830 73
139.980 11
2 2 ,62 3 64

KINGS COUNTY
34.

BAY RIDGE SAYINGS BANK, BROOKLYN

[5517 F ifth av en u e; incorporated 180®]
M AURICE T . LEW IS, President.
JOHN D, HOLSTEN, Treasurer.
M IC H A E L M URPHY, Vice-President.
PIERCE K E E F E , Secretary.
W M. A . FISCH E R, V ice-President.

TRUSTEES
M AURICE T . LEW IS,
M IC H A E L M URPH Y,
JOHN D. HOLSTEN,
P IE R C E KEE FE,
GEORGE IHNKEN,

JUSTUS BERGE,
HENRY M EYER,
HEN RY SCHW AN EW EDB
W M . B . KA Y ,
P B T B R N. M BINCKB,
HBNRY K B TTB LH O D T,

W IL L IA M BOLGBR,
O LA F OLAFSON,
W IL L IA M A . FISCH E R,
W IL L IA M F. KBNNY.
W IL L IA M W ARD.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges..............................................................................
Stoek and bond investm ents, viz.:
P ar
Original
Estimated
S to c k s and b on d s
value
cost
m arket value
Cities in other States............

$45, W0 00
34, OW W
5,000 00
78,547 40
14.000 00
90.000 00

Tow ns in this S t a t e ......... .
Villages in this State ............
School districts in this State
Railroad mortgage bonds —

$266,547 40

$47,184
29,863
5,136
78,874
14,381
85,162

©
25
46
38
96
50

$48,550 00
31,960 00
5,200 00
81,587 39
14,605 00
84,900 00

$260,603 44

$816,880 00

$266,802 39

200,5Us
8 0 ,1 0 0
7,9 51
9 ,6 2 5

Cash on deposit in banks or tru st com panies-----Cash on h an d.......................................................................
T otal o f collectible in terest..........................................

3V
51
33
41

$ 1 ,1 8 1 ,3 2 9 64
L IA B IL IT IE S

A m ount due depositors, viz.:
Principal ..................................................................................$1,129,305 16
Dividends credited o r to be credited fo r the six
months ending with December 31, 1916........................
17,629 74

------------------: $ 1 ,1 4 6 ,9 3 4 90
Surplus on m arket v a lu e.......................................................................
34 ,39 4 74
$ 1 ,1 8 1 ,3 2 9 64
Surplus on par value, $34,139.75.
CASH TR A N SA C T IO N S D U R IN G TH E Y E A R 1916
R E C E IPTS




$75,3 8 4 21
1 ,0 5 0 ,8 4 9 30
4 4 ,7 3 0
18 ,85 0
6 ,8 33
15,412

g g g g

Cash on hand and in banks or trust com panies January 1, 1916,
before transactions o f th e d a y .......................................................
F rom depositors, n o t including dividends cred ited ......................
From interest on loans, deposits and investm ents.........................
From m ortgages................................................. .......................................
From redemption o f stocks and b on d s...............................................
From stocks and bonds sold ( tota l par value, $ 1 5 ,0 0 0 )...........

$ 1 ,2 1 2 ,0 6 0 28
[1141

115

K ings C o u n ty
PAYM EN TS

T o depositors, including dividends paid to th em .........................
F or loans on bonds and m ortga ges...................................................
F o r stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l par value, $10 7,8 8 0 .8 0 )......................................
F or interest (oth er than dividend paym ents to depositors) . . .
F o r current expenses o f the bank, viz.:
F or salaries ...........................................................................
F or ta x e s : surplus ..............................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
I n s u r a n c e ..........................................................................
F or rent o f banking r o o m s ................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house___

$678,604 11
3 3 0 ,3 0 0 00
107,571 67
1,414 37

$2,966 00
15 13
167 77
45 00
1,150 00
1,776 87

-----------------Other paym ents, v iz .: P ro fit and lo s s .................................................
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ...............................................

6 ,1 1 0 77
7 52
88,051 84
$ 1 ,2 1 2 ,0 6 0 28

STATISTICAL INFORMATION
Number o f open accounts January 1, 1917......................................
6,1 95
Number o f accounts opened or reopened during the y e a r .........
3 ,3 16
Number o f accounts closed during the y e a r .................................
1,419
Am ount deposited durin g the year, n ot in cluding dividends
credited fo r that p e r io d ..................................................................... $ 1 ,0 5 0 ,8 4 9 30
678,6 0 4 11
Am ount w ithdraw n during the y e a r ...................................................
A m ount o f dividends credited and paid for the year, v iz .:
.Tuly 1. 1916 ..............................................................................
January 1, 1917 ......................................................................

$14,291 23
17,629 74

Average am ount o f each account January 1, 1917......................
Rate per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................

31 .92 0 97
185 15
4

i»a ie p er cen t, o f d iv id e n d s t o d e p o s ito r s d u r in g th e s ix m o n th s

ending December 31, 1916................................................................
T otal earnings o f the ta n k for th e year 1916, after allow in g
fo r am ortization o f premiums and d iscou n ts.............................
T ota l expenses o f the bank fo r the year 1916...............................
D ividends paid to depositors for the year 1916...........................
Net earnings for the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




4
$46,394 27
6 ,1 1 8 29
3 1.920 97
8 ,3 5 5 01

R eport on S avin g s B a n k s

116

35. BREVOORT SA V IN G S B A N E , BROOKLYN
[522 Nostrand a ven u e; incorporated 18901
T O W A R D M. SM ITH . President.
W A L T E R C. HUMSTONE, Treasurer.
ED W AR D LYONS, V ice-President.
RAYM OND LQUNSBBRY, Secretary.
GRA N V ILLE W. HARM AN, Vice-Pree.

T R U ST E E S
CH a 3. M. AIKM AN,
JOSEPH M. BACON,
JOHN W. BA ILE Y,
C H A R L E S COOPER,
W IL L IA M J. GILPIN ,
W IL L IA M H. GOOD,
W IL L IA M H. HARDING,
G. W. HARMAN,

W A LTE R C. HUMSTONE,
A LPR E D T. LEW ARD,
R. LOUNSBEBY.
ED W AR D LYONS,
GEORGE W. P IP E ,
H OW ARD M. SM ITH,
L. BE R TR A N D SM ITH,
JOHN D. SU LLIVAN ,

THOS. J. W ASH BURN,
L. A . W RAY,
P A T R IC K M . WOODS,
JOHN H. BURROUGHS,
E R N E ST H. PILSB U R Y.
H E N R Y C. L A ROWE,
JOHN R. STINE,
CLARENCE B . SM IITH .

F IN A N C IA L
RESOURCES

Bonds and m ortgages........................
Stock and bond investm ents, v iz .:
Stocks and bonds
State o f New Y ork...............
State o f Maryland ..................
State o f New M e x ic o .............
State o f O klah om a..................
State o f Louisiana.................
State o f U tah.........................
State o f Tennessee .................
Cities in other States............
(Sties in this State.................
Counties In this State .........
Tow ns in this State ..............
Villages in this S t a t e ............
School districts in this State
Railroad m ortgage b o n d s ..,.

P ar
value
150.000 00
25.000 00
17,500 00
35,T O 00
O
45, m 00
25.000 00
25.000 00
432,408 40
711,021 G
O
128.000 00
137,800 00
215,820 00
130,500 00
245,000 00

$2,223,049 40

$ 2 ,72 2 ,9 9 7 50
Original
Estimated
cost
m arket value
$56,500 00
$52,876 00
23,030 90
24.250 00
19,260 00
18,511 48
36,307 25
36, (B0 00
47,365 m
49,560 00
25,000 00
24,18? 50
26,272 76
27.250 00
455,402 20
456,054 94
729,628 69
736,179 47
186,943 90
139,120 00
145,274 06
147,876 09
226, 408 82
229,307 20
135,191 30
139,345 00
263, 2® 94

221,800 00

$2,320 285 64

$2,807,532 61

.. ... ..........
====•-.........■ " * ■
■
........v. $ 2 ,3 0 7 ,5 3 2
Banking bouse and lot, book value, $55,000; cost, $55,000;
aetual cash v a lu e ................* ................................................................
5 5 ,00 0
Other real estate, book value, $10,000; cost, $10,459.82;
actual cash v a lu e ..................................................................................
10 ,00 0
473,984
Cash on deposit in banks and tru st com panies...........................
Cash on h an d.............................................................................................
17,405
T ota l o f collectible in terest...................................................................
5 6,671

61
00
00
27
34
95

$ 5 ,64 3 ,5 9 1 67
L IA B IL IT IE S

A m ount due depositors, viz.:
Principal ................................................................................. $5,188,841 10
Dividends credited or to be credited fo r the six
m onths ending w ith December 31, 1916........................
92,184 54

------------------ $ 5 ,2 8 1 ,0 2 5 64
Surplus on m arket v a lu e .........................................................................
362,566 03
$ 5 ,64 3 ,5 9 1 67
Surplus on par value, $278,082.82.
CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y .............................................
From depositors, n ot including dividends cred ited ......................
F rom interest on loans, deposits and investm ents....................
F rom rents from banking h ou se..........................................................




$388,291
2 ,3 7 4 ,8 0 7
229,578
1 ,8 00

71
11
58
00

117

K ings C o u n ty
F rom rents from other real esta te...................................................
F rom m ortga ges............................................. .........................................
From redemption o f stocks and bonds.............................................
From stocks and bonds sold (to ta l par value, $ 1 2 0 ,0 0 0 ).........

$65
126,700
5 ,2 0 0
134,480

00
00
00
50

$ 3 ,2 6 0 ,9 2 2 90
P AYM EN TS

T o depositor*, including dividends paid to th e m ......................... $ 1 ,7 4 3 ,0 3 3
F o r loans on bonds and m ortga ges.....................................................
5 4 7 ,3 0 0
F o r stocks and bends purchased, ineluding prem ium s, com m is­
sions, etc. (to ta l par value, $ 4 1 5 ,5 0 0 )..........................................
4 4 1 ,6 4 6
F o r interest (other than dividend paym ents to depositors) . . .
3 ,6 9 8
F or current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or taxes : Banking house, $958;surplus,$34-41.60..........
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance ..........................................................................
O t h e r ......... .........................................................................
F or expenses o f other real estate, v iz ,:
Repairs ..............................................................................
T a x e s ..................................................................................
O t h e r ..................................................................................
F or other expenses, not including expenses of other
real estate m r other expenses o f banking h ou se...

55
0#
37
96

$15,432 80
3,099 60
85 10
48 91
38 00
506 20
218 00
72 92
3,667 55

F or real estate acquired by foreclosure, or in settlem ent of
debts due the ban k ................................................. . ............................
Other paym ents, v iz .: P rofit and loss— forged d r a ft..............
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y .................. ..............................

23,109 m
10,459 m
225 51
4 91,389 61
$ 3 ,2 6 0 ,9 2 2 m

STA TIST IC A L- IN FO R M A TIO N
N um ber o f open accounts January 1, 1917......................................
16,989
Number o f accounts opened or reopened during the y e a r .........
3 ,809
Number o f accounts closed during the y e a r .................... ...............
2 ,m
Am ount deposited durin g the year, n ot in cluding dividends
credited fo r that p e rio d ....................................................................... $ 2 ,3 7 4 ,8 0 7 I I
A m ount withdrawn during the y e a r ...................................................
1 ,7 43 ,0 3 3 55
Am ount o f dividends credited and paid for the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917 ......................................................................

$85,412 21
92,184 54

Average amount o f each account January 1, 1917 — ................
R ate per cent, of dividends to depositors during th e six months
ending Jane 30, 1916.........................................................................
R a te per cent, o f dividends to depositors during the six m onths
ending December 31, 1916..................................................................
T ota l earnings o f the bank for the year 1916, a fter allow ing
fo r am ortization o f premiums and d iscou n ts.............................
T ota l expenses o f the bank for the year 191ft......... ......................
Dividends paid to depositors for the year 1916...........................
Net earnings for the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




177,990 75
316 84
4
4
$235,038 30
23,16ft m
177,596 75
34,272 47

118

R eport on S avin gs B a n k s
36. BROOKLYN SAVINGS BANK, BROOKLYN

[141 Pierrepont s tr e e t; incorporated 1827]
CROW ELL HADDEN, President.
LAURUS E. SUTTON, Comptroller.
D A N IE L J. CREEM, Viee-President.
A R TH U R C. H ARE, CasMer.
R IC H A R D L. EDW ARDS, Vice-Pres.
CHAS. C. PUTNAM , Asst. Comptroller.

TR U STE E S
CROW ELL HADDEN,
R IC H A R D L. EDW ARDS,
EDW . H. LITC H FIE L D ,
P R A N K LYMAN,
D A V ID G. LEGGET,
W IL L IS L . OGDEN.
JOHN P. H ALSTED,
PR A N K L. BABBOTT,
H E N R Y F. NOYES,

SANFORD H. STEELE,
D A N IE L J. CREEM,
CLINTON R. JAM ES,
B. H E R B E R T SM ITH,
FRAN CIS L. NOBLE,
F. A. M. B U RRELL,
ED W IN P. M AYNARD,
W IL L IA M L. M OFFAT,

H AROLD I. PR ATT,
C H ARLES J. PEABODY,
M A R T IN JOOST,
A L B E R T L. MASON,
FR A N K D. TU TTLE ,
W IL L IA M MASON,
CHARLES L. MORSE,
S. EDW IN BUCHANAN,
JAM ES H. JOURDAN.

F IN A N C IA L
RESOURCES

Bonds and m ortgages.............................................
Stock and bond investments, viz.:
P ar
value
o f New Y o r k ............... . $200,000 00
o f C a lifo r n ia ...............
400.000 00
o f M aryland ...............
200.000 00
850.000 00
o f Massachusetts . ...
200.000 00
State o f Tennessee ...............
Cities in other States.......... . 6,169,000 00
Cities in this State .............. . 7,831,700 00
845,000 00
Counties in this State..........
Tow ns in this State..............
68,000 00
Railroad mortgage bonds ... . 9,480,000 00
S to c k s and bonds

State
State
State
State

.$ 3 2 ,5 7 5 ,2 5 0 00

Estimated
Original
cost
m arket value
$206,156 25
$212,000 00
406,020 00
388,481 88
196,680 00
202, 000.00
916,957 00
816,000 0%
214,250 00
199,847 60
6,287,171 61
6,100,415 00
8,166,082 82
8,097,131 50
890,921 73
876,265 00
68,277 50
68,680 00
10,033,745 05
8,871,860 00

$26,243,700 00 $27,353,321 34 $25,864,621 50

25,864,6*21 50
B a n k in g

h o u se a n d

lo t ,

book

v alue, , $427,000;

co st,

$893,-

047.87, actual cash v a lu e................................................................
Other real estate, book value, $292,914.13; cost, $292,914.13;
actual cash v a lu e ..................................................................................
Cash on deposit in banks or trust com panies...............................
Cash on h a n d .............................................................................................
T o ta l o f collectible in terest...................................................................
A m ount o f all other assets, v iz .: Rents a ccru ed.........................

427,0 0 0 00
292,914
3 ,9 6 3 ,4 6 6
9 9,130
852,595
300

13
87
76
67
00

$ 6 4 ,0 7 5 ,2 7 8 93
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal ..................................................................................$56,838,558 73
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1916......................... 1,081,338 92

------------------ $5 7 ,6 1 9 ,8 9 7 65
Surplus on market v a lu e.........................................................................
6 ,4 5 5 ,3 8 1 28
$ 6 4 ,0 7 5 ,2 7 8 93
Surplus on par value, $6,834,459.78.
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................. $ 3 ,4 0 0 ,7 7 0 75
From depositors, n ot in cluding dividends cred ited .................... 1 2,960,491 41
F rom interest on loans, deposits and investm ents....................
2 ,7 4 2 ,9 0 2 15
From rents from other real esta te ...................................................
10,381 24
F rom m ortga ges.........................................................................................
933,719 68




119

K ings C o u n ty
From
From
F rom
F rom

redemption o f stocks and bon d s............................................
stocks and bonds sold (to ta l par value, $ 2 ,59 5 ,0 0 0 ).........
real estate s o ld ..............................................................................
a ll oth er sources, v iz :

Final rents from real estate sold .....................................
Recovery on note .................................................................
Insurance premiums advaneed-refunded ........................

$246,000 00
2 ,6 9 8 ,7 6 0 94
9 5 ,00 0 00

$2,355 13
90 00
26 13

-------------:-----

2 ,4 7 1 26
$2 3 ,0 9 0 ,4 9 7 43

PAYM ENTS

T o depositors, in cluding dividends paid to th em ...........................$ 1 1 ,7 6 3 ,2 7 1
F o r loans on bonds and m ortga ges................................................... .
1 ,5 2 3 ,0 0 0
F o r stocks and bonds purchased, including premiums, com ­
m issions, etc. (to ta l par value, $ 5 ,26 3 ,0 0 0 )...............................
5 ,4 8 1 ,1 6 5
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
68 ,87 4
F o r enrrent expenses o f the bank, v iz .:
F or s a la r ie s ............................................................................
F or ta x e s : Banking house, $12,480; surplus, $54,241.61
F or expenses, except taxes, o f banking h ou se:
Repairs ..............................................................................
Insurance............................................................................
O t h e r ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs .
Insurance .............................................................
T a x e s ..................................................................................
O t h e r ..................................................................................
F or other expenses, not Including expenses o f other
real estate nor other expenses o f banking house—

47
00
22
97.

$86,999 92
66,721 61
2,423 80
133 21
674 34
2,837
66
7,030
3,708

20
60
58
69

20,877 29

Other payments, viz.: Tellers cash s h o rt......................................
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y ...............................................

191,473 14
115 00
4 ,0 6 2 ,5 9 7 63
$23,09 0 ,4 9 7 43

S T A T IS T IC A L IN FO R M A TIO N
73,090
N um ber o f open accounts January 1, 1917.................................
10,978
Number o f accounts opened or reopened during the y e a r .........
9,109
Number o f accounts closed during the y e a r ....................................
A m ount deposited du rin g the year, n ot including dividends
credited fo r that p e r io d ....................................................................... $12,960,491 41
A m ount w ithdraw n during the y e a r ................................................... 11,763,271 47
A m oun t o f dividends credited and paid for the year, v iz .:
July 1, 1916 ..............................................................................$1,050,253 18
January 1, 1917 ...................................................................... 1,081,338 92

2 .1 3 1 .5 9 2
Average am ount o f each account January 1, 1917.........................
788
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916.......................................................................
R ate per cent, o f dividends to depositors during the six months
ending December 31, 1916...................................................................
T ota l earnings o f the bank for the year 1916, after allow ing
fo r am ortization o f premiums and discou n ts............................. $ 2 ,68 8 ,7 5 3
352,454
T ota l expenses o f the bank for the year 1916.................................
D ividends paid to depositors fo r the year 1916............................. 2 .1 3 1 .5 9 2
N et earnings for the year 1916 over expenses and dividends
paid to d e p o s ito r s .................................................................................
204,707




10
00
4
4
99
82
10
07

R eport o f S a vin g s B a n k s

120

37. THE BUSHWICK SAVINGS BANK, BROOKLYN
[726-730 Grand street; incorporated 1873]
JERE E. BROWN, President.
LOUIS J. BURGER, Secretary.
UKU. W. SCHAEuLE, Vice-President.
GEORGE J .
*
Cashier.
HENRY SCHADE, Vice-President.
T R U ST E E S

KOTOS L. SCOTT,
DANIEL. CANTY,
EDWARD BUSH,
HENRY SCHADE,
tmm B. SCHEIDT.
WILLIAM S. WANDEL,
WILLIAM G. MILLER,
AUGUSTUS P; AVERY,

JERE E. BROWN,
JOHN H. VANDERVEER,
M. L. REYNOLDS,
F. H. NAKWOOD,
LOUIS G. BURGER,
GEORGE W. SCHAEDLE,
ANDREW F. WILSON.
M. KACKENTHAL,

HERMAN C. HUELLE,
THEOPHILH THONET,
CHRISTIAN D.HOMEYER,
DAVID H. MOORE,
FRANK L. BROWN,
C. S. H. TIEBOUT, JR.,
SMITH S. WANDEL.
GB0BGW k .. m b &k b d .

F IN A N C IA L

RESOURCES
B on d* and m ortgages........... ................................
Stock and bond investm ents, v iz .:
Stocks and Donas

State of Alabama...............
State of California .............
State of Idaho...................
State of Louisana...............
State of Mississippi ...........
State of Missouri................
State of New Mexico..........
State of Oklahoma..............
State of Tennessee..............
Cities in other States ........
Cities in this State............
Counties in this State........
Towns; in this State............
Villages in this State ........
School districts in this State
Railroad mortgage bonds—

$ 3 ,4 8 # ,8 4 0 U

Par
value
$3,500 00
75,000 00
75,000 00
50,000 00
74,000 O
O
17,000 00
50,000 00
70,000 00
75,000 00
O
O
1,297,424 09
133,640 00
35,500 00
84,213 84
52,000 00
326,000 00

Original
Estimated
market value
cost
33,638 00
33,697 40
78,780 00
72,731 28
76,
©0
77,260 00
49,313 80
84,500 00
74,600-00
75,134 85
16,676 97
17,000 00
50,596 45
51,500-00
69,732 74
70,900 00
79,321 84
®;.a» o
o
604,542 89
602; 577'64
1,185,722 49 1,188,682 28
138,420 31
139,732 00
37,065 00
37,316 86
88,879 15
84,950 25
55,695 17
68,160 00
323,022 48
3f8,23OJ0
32,859,262 93 32,928,064 86 32,931,582 14
2 ,9 3 1 ,5 8 2 14

Banking house and lot, book value, $35,000; cost, $48,215.76;
actual cash v a lu e ..................................................................................
Other real estate, book value, $94,608.27; cost, $94,608.27;
actual cash v a lu e ..................................................................................
Cash on deposit in banks or trust com panies..................................
Cash on h an d...............................................................................................
T ota l o f collectible in terest...................................................................

3 5 ,0 0 0 00
9 4 ,6 0 8
650,1 1 2
96 r2 7 f
61 ,68 6

m
S3
23
M

$7,350,f i t m
LIABILITIES
A m ount due depositors, v iz .:

Principal .................................................................. 30 653,16£ 73
Dividends credited or to be credited for. the six
months ending with December 31, 1916...................
123.683 02
------------------ $ 8 ,7 7 6 ,8 4 0 75
Surplus on market v a lu e.........................................................................
5 8 2 ,2 6 4 0®

$7,359,110 84
Surplus on par value, $485,540.13.
CASH T R A N SA C T IO N S D U R IN G TH E Y E A R 1910

RECEIPTS
Cash on hand and in banks or tru st com panies January 1, 1916,
before transactions o f tb e d a y ........................ .................................
From depositors, not including dividends cred ited .......................
From interest on loans, deposits and investm ents.......................




$620,064 79
2 ,0 6 4 ,2 1 2 28
312,171 68

121

K ings -Co u n t y
F rom
F rom
F rom
F rom
F rom
From

rents from banking Mouse....................................................
rents from other real esta te...................
m o r tg a g e s ................................................... .’ .......... ........................
redem ption
o f stocks and b on d s...........................................
real estate
s o ld ................................. .....................
a ll other sources, v iz .:

D iscount on b o n d s ...............................................................
Deficiency on sale .of real estate.......................................
'Redemption o f judgm ent against State o f New York.

$2,335
8,627
128,405
188,632
2 ,0 0 0

51
00
00
28
00

$11,976 19
7 92
6,010 24

■
-------- ——

16,804 85
$ 3 ,3 1 3 ,4 4 2 89

PAYM EN TS

T o depositors, in cluding dividends paid to th em ......................... $ 1 ,6 7 4 ,2 4 9
280,2 8 4
F o r loans on bonds and m ortga ges................................................... ..
F o r stocks and bonds purchased, in cluding premiums, com­
572,558
m issions, etc. (to ta l par value, $ 5 5 6 ,0 0 0 )..................................
5 ,5 2 6
F or interest ( other than dividend paym ents to depositors) . . .
F or current expenses o f the bank, v iz .:
F or s a la r ie s ............................................................................
For ta x e s: Banking house, $1,008.95; surplus, $4,633.95
F or expenses, except taxes, o f banking h o u se :
Repairs . . ........................................................................
Insurance ..........................................................................
O t h e r ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance............................................................................
Taxes .................................................................................
Other ..................................................................................
Fo,r other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se.. ..

42
13
54
93

$15,900 09
6,642 90
539 09
266 42
1,721 47
772
487
2,364
2,297

44
50
36
72

4,359 97

34,321 87
Other paym ents, viz.
D eficiency in real estate s o ld ........................................................
Gash on hand and in banks or tru st com panies Decem ber 31,
1916, after transactions o f the d a y ...............................................

113 94
746,388 08
$ 3 ,3 1 3 ,4 4 2 89

S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts January 1, 1917......................................
15,447
Number o f accounts opened or reopened during the^year...........
2 ,8 86
Num ber o f accounts closed during the y e a r ....................................
1,635
A m oun t deposited during the year, n ot including dividends
credited fo r th at p e rio d ..................................................... ...............$ 2 ,0 6 4 ,2 1 2 28
A m ount w ithdraw n during the y e a r ........................................
1 ,6 7 4 ,2 4 9 42
A m ount o f dividends credited and paid fo r the year, v iz .:
M y 1, 1916.......................................................................... .
January 1, 1917.......................................................................

$116,722 53
123,6® M

A verage am ount o f each account January 1, 1917......................
R a te p e r cent, o f dividends to depositors du rin g the s ix m onths
e n d in g June 30, 19 1 8 ..........................................................................
R ate per cent, o f dividends to depositors durin g the six m onths
ending December 31, 1916..................................................................
T ota l earn ings o f the bank fo r the year 1916, after allow ing
f o r -am ortisation o f premiums and d iscou n ts.............................
T ota l expenses o f the l i n k fo r the year 1916......... ...................
D ividends paid tx> depositors fo r the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
jpaid to depositors ............................... ................................................




240.405 55
438 72
4
4
$323 ,#97 73
36,651 57
240.405 55
m , m » 61

R eport oh S avin gs B a n k s

122

38. THE CITY SAVINGS BANK OF BROOKLYN, BROOKLYN
[Corner Lafayette and Flatbusb aven ues; incorporated 1886]
REMSEN RUSHMGRE, President.
W IL L IA M A . A V IS , Treasurer.
T H E O PH ILU S OLENA, Vice-President.
HENRY V. RAYMOND, Secretary.
F R ED ’K H. W EBSTER, Vice-Pres.

TRUSTEES
FRANCIS 0 . A FFE LD ,
W IL L IA M A . AVIS,
D A V ID F. BUTCHER,
JACOB G. DETTM ER,
T H E O PH ILU S OLENA,
REMSEN RUSHMORE,
JOHN M. RIDER,

H. V. RAYMOND,
J. B. SUM M ERFIELD,
F R E D ’ K H. W EB STE R ,
E D W IN H. S A YR E ,
RUFUS T . GRIGGS.
JA M E S G. SHAW ,
CLAREN CE T . CORBY,

B EAN K C. SWAN,
’
R A LP H B. DAYTON,
B A R TH O L A. GREENE,
CHARLES H. K BLBY,
STEPH E N V ALEN TIN E,
L E ST E R A. L E W IS,
B. W. CONE.

F IN A N C IA L
RESOURCES

Bonds and m ortgages...................................................
Stock and bond investments, viz.:
Par
value
$3,000 00
20.000 00
70.000 00
85.000 00
43.000 00
368,000 00
315,330 00
59.000 00
133,500 00
125,200 00
29.000 00
328,4® 60

Stocks and bonds
State o f M assachusetts . . ..
State o f Delaware ...............
State o f Louisiana .................
State o f Tennessee .................
State o f C alifornia ...............
Cities in other States .........
C ities in this S t a t e ...............
Counties in this S t a t e ..........
Tow ns in this State ..............
V illages in this State ..........
School districts in this State
R ailroad m ortgage bonds —

$1,549,499 60

$ 2 ,5 2 7 ,9 2 0 00

Estimated
Original
market value
cost
$3,087 00
$2,580 00
20.400 00
21,050 00
75,100 00
78,157 72
60.400 00
58,228 51
41,970 09
43,530 00
392,129 29
390,580 00
330,141 64
329,088 95
60,420 27
60,811 00
142,499 55
142,187 60
127,876 52
128,802 45
29,828 12
30,000 00
314,394 74
315,830 81
$1,5®, 783 45

$1,599,314 71

1 ,5 9 9 ,3 1 4 71
Other real estate, book value, $10,141.18 ; cost, $10,141.18;
actual cash value — .................................................
Cash on deposit in banks or tru st com panies.........
Cash on h a n d .......................................................................
T ota l o l collectible in terest..........................................
Am ount o f all other assets, viz.:
Furniture and fixtu res............................................
$ 2 ,50 0 00
Insurance premium advan ced...............................
94 80
------------. ---

10,141
4 23,008
16,564
4 7 ,53 4

18
90
40
03

2 ,5 9 4 80
$ 4 ,6 2 7 ,0 7 8 02

L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal .................................................................................. $4,283,482 52
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916.........................
75,103 83

------------------ $ 4 ,3 5 8 ,5 8 6 35

Other liabilities, viz.:
Expenses incurred but u n p a id :
Surplus tax ......................................................................
Suspense account ...........................................................

$1,000 00
695 28

---------- ■
------Surplus on market v a lu e.........................................................................

Surplus on par value, $216,981.28.

1,695 28
266,796 39
$ 4 ,6 2 7 ,0 7 8 02
sss=s3r=ss=s===s::",

CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1, 1916,
before transactions o f the d a y ..........................................................
From depositors, n ot including dividends cred ited ......................
From interest on loans, deposits and in vestm ents......................




$417,916 09
2 ,0 2 7 ,3 4 8 60
188,863 50

123

K ings C o u n ty
From
From
From
From
F rom

$ 1 ,3 6 5
147,925
6 1,039
163,916

rents from other real esta te......................................
m o r tg a g e s ............................................................................
redemption o f stocks and b on d s.................................
stocks and bonds sold (to ta l par value, $158,500)
a ll other sources, v iz .:

Insurance premium advanced ...........................................
Suspense account-rent o f real estate in fo re clo su re ..

00
00
00
78

$50 80
695 28

746 08
$ 3 ,0 0 9 ,1 2 0 05
PAYM EN TS

-.. . "■ ---------

T o depositors, including dividends paid to th em ........................... $ 1 ,1 8 5 ,3 3 1
6 84,470
F o r loans on bonds and m ortga ges...................................................
F or stocks and bonds purchased, including premiums, com m is­
666,093
sions, etc. (to ta l par value, $670,1 6 9 .6 0 )....................................
5 ,1 9 4
F or interest (other than dividend paym ents to depositors) . . .
F or current expenses o f the bank, viz.;
For salaries ...................................................................
For ta x e s : Surplus, $1,859.09 ...................................
F or expenses, except taxes, o f banking h o u se :
I n s u r a n c e ................................................................
F or rent o f banking room s.............................................
F or expenses o f other real estate, v i z .:
R e p a ir s ..............................................................................
Insurance ..........................................................................
Taxes .................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

80
00
11
72

$16,326 00
1,889 09
10 44
50 00
7,500 00
135 89
15 00
262,72
2,152 38

Other payments, v iz .: Insurance premium advan ced..................
Cash on hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y ...............................................

28,311 52
145 60
439,573 30

$ 3 ,0 0 9 ,1 2 0 05
S T A T IS T IC A L IN F O R M A T IO N
:
Number o f open accounts January 1, 1917......................................
10,731
Number o f accounts opened or reopened du rin g the y e a r .........
3,337
Number o f accounts closed during the y e a r ....................................
1,809
Am ount deposited during the year, n ot in cluding dividends
credited fo r that p e r io d ....................................................................... $ 2 ,0 2 7 ,3 4 8 60
Am ount withdraw n during the y e a r .................................................
1 ,1 85 ,3 3 1 80
Am ount o f dividends credited and paid for the year, viz.:
July 1, 1916..............................................................................
January 1, 1917......................................................................
Credited at other periods ..................................................

$67,135 83
75,108 83
47 46

Average am ount o f each account January 1, 1917....................
N umber o f accounts which exceeded $3,000, exclusive o f d iv i­
dends credited, at the last trial balance o f depositors’ ledg­
ers, except deposits arising from society accounts, or ju ­
dicial sales, or tru st funds or b y order o f a cou rt o f record
or o f a s u r r o g a t e ..................................................................................
T ota l amount o f such accou nts............................................................
R a te per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916..................................................................
Total earnings of the bank for the year, 1916 after allow ing
for am ortization o f premiums and d iscou nts.............................
T otal expenses of the bank fo r the year 1916...............................
D ividends paid to depositors for the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to depositors ................................................................................




142,287 12
406 16

2
$6 ,62 6 11
4
4
$195,330 78
29,311 52
142,287 12
23 ,73 2 14

AM

R epoet on S avin g s B a n k s

m.

THE DIME SAVINGS BANK OF BROOKLYN, BROOKLYN

[9 De Kalb av en u e; incorporated 1859]
R U SSELL S. W AL K E R , President
F R E D ’K W, JACKSON, Treasurer.
C.
F R A N K S T RE IG H TO FF, Secretary.

T R U ST E E S
GEO. W. CHAUNCEY,
SAMUEL ROW LAND,
HORACE C. DU V A L,
U 0D W IG NISSEX,
WM. MCCARROLL,
N.
T. TH AYER,
RUSSELL « . W ALK E R ,

GEORGE COX,
CHARLES E. T E ALE ,
GEORGE T. MOON,
FR AN K H. PARSONS,
JAM ES L. BRUM LEY,
ED W AR D B. JORDAN,
F R ED ER IC K W. ROW E,

F R E D ’ K W . JACKSON,
W A L T E R HAM M ITT,
F . L. CRANFORD,
EUGENE W . SUTTON.
GEORGE N. BOARDM AN,
STAN LEY P. JADW IN.

F IN A N C IA L
RESOURCE®

Bonds and m ortgages.............................................................. ................. $ 2 7 ,8 6 0 ,8 6 4 00
Stock and bond investm ents, v iz :
Par
S to c k s and b on d s
value
State o f M assa ch u setts.........$1,250,000 00
State o f Tennessee .................
500,000 00
Cities in other States............ 1,472,000 00
Cities in this State ............... 4,231,000 00
Counties in this S tate......... 1,647,600 0 )
T ow ns in this State ..............
527,00) 00
V illages in this S t a t e ............
125,00) 00
Railroad mortgage bonds . . . . 9,030,468 00

Original
Estimated
cost
m arket value
$1,334,550 00 $1,187,500 00
516,983 61
553, 700 00
1,527,212 34
1,492,330 00
4,361,889 87
4,247,065 00
1,738,356 01
1,667,340 00
535,990 00
539, 395 00
131,304 12
125,245 00
9,465,756 81
8,771,399 28

$18,783,068 00 $19,612,022 76 $18,583,974 28

1 8 ,5 8 3 ,9 7 4 28
400.000 00

Prom issory notes payable on dem and.................................................
Banking house and lot, book value, $550,000; cost. $717,238.55;
aetual cash value ................................................................................
Other real etate, book value, $652,445; cost, $738,691.36;
actual cash value ..................................................................................
Cash on deposit in banks or trust com panies.................................
Cash on hand .............................................................................................
T ota l o f collectible in terest...................................................................
A m oun t o f all other assets, v iz .: R ents accru ed.........................

550.000 00
652,445
3,922,858
131,699
605,073
565

00
13
14
04
00

$ 5 2 ,7 1 3 ,4 7 8 50
L IA B IL IT IE S

...—....

Am ount due depositors, v iz .:
Principal . . . ........................: .............................................. $47,255,126 24
Dividends credited o r to he credited fo r the six
months ending with December 31, 1916.........................
879,012r00

------------------ $ 4 8 ,1 3 4 ,1 3 8 24
Surplus on m arket v a lu e .........................................................................
4 ,5 7 9 ,3 4 0 35
$ 5 2 ,7 1 3 ,4 7 8 59
Surplus o n par value, $4,778,434.07.
- ....--...— —
=s
CASH TR A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1, 1916,
before transactions o f the d a y ................................................... ..
$ 3 ,94 9 ,8 0 1 90
From depositors, n o t in cluding dividends cred ited ...................... 14,02 6 ,7 7 1 29
F rom interest on loans, deposits and investm ents......................
2 ,3 1 0 ,3 4 9 75
F rom rents from banking h ou se...........................
2 ,8 9 6 11
From rents from other real esta te...................................................
15,077 11
From m o r tg a g e s ..........................................................................................
5 ,9 8 7 ,9 7 8 00
F rom redemption o f stocks and b o n d s .............................................
5 72,100 00
From stocks and bonds sold (to ta l par value, $ 6 0 0 ,0 0 0 )...........
604,223 00
F rom real estate s o ld ..............................
476,905 Oft
F rom all other sources, v iz .:
Taxes advanced, refunded..................................................

Insurance premiums I'dvnuced. refill n<fed.....................

Miscellaneous receipts ........... ..............................................




$772 65

21 85
18 35

------------------

822 .85

$27,947,015 07

125

K ings C o u n ty
PAYM ENTS

T o depositors, including dividends paid to th em ...........................$ 1 1 ,9 5 8 ,6 2 7 12
F o r loans on bonds
and m ortga ges...................................... 6 ,6 6 4 ,8 2 0 GO
400,0 0 0 0®
F or loans on stocks
and bonds and other secu rities.....
F or stocks and bonds purchased, in cluding prem ium s, com m is­
sions, etc.
(to ta l par value, $ 3 ,75 0 ,9 6 6 )....................................
3 ,7 9 8 ,7 5 0 79
F or interest (oth er
than dividend paym ents to d e p o s it o r s ) ... 28,597 15
F o r cu rrent expenses o f the bank, viz.:
F or salaries ...........................................................................
F or t a x e s : Banking house, $11,666.89 ; surplus,
$37,500.19; on mortgages, $1,525.86 ...................................
F or expenses, except taxes, o f banking, h o u se :
Repairs ..............................................................................
I n s u r a n c e ..........................................................................
F or 'expenses o f other real estate, v i z .:
R e p a ir s ..............................................................................
Insurance ..........................................................................
T a x e s ..................................................................................
O t h e r ..................................................................................
F or other expenses, not including expenses o f other
real estate n or other expenses o f banking hou se...

$80,202 57
50,692 94
2,761 45
676 58
12,780
108
21,721
10,495

35
26
12
00

39,118 20

218,5 5 4 47
F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ................................................................................
Other paym ents, viz.:
Disbursement account, bond and m ortgage.................
Insurance premium advanced............................................
Forged d r a f t ...........................................................................

796,450 63

$26,250 13
344 10
63 41

26,657 64
Cash on hand and in hanks or tru st com panies December 31,
1916, after transactions of the d a y .................................................

4 ,0 5 4 ,5 5 7 m
$ 2 7 ,9 4 7 ,0 1 5 07

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917......................................
107,338
Number o f accounts opened or reopened during the y e a r .........
24 ,25 9
N um ber o f accounts closed during the y e a r ....................................
16,449
A m ount deposited durin g the year, n ot including dividends
credited fo r that p e rio d .........................................................................$1 4 ,0 2 6 ,7 7 1 31
A m ount w ithdraw n durin g the y e a r .................................................... 1 1 ,958,627 14
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1916.......*......................................................................
January 1, 1917........................................................................

$844,735 94
879,012 00

------------------ 1 ,7 2 3 ,7 4 7
448
Average am ount o f each account January 1, 1917.........................
Number o f accounts w hich exceeded $3,000, exclusive o f div i­
dends credited, at the last tria l balance o f depositors’ led­
gers, except deposits arising from society accounts, or ju d i­
c ia l sales,, o r trust funds, or by order o f a cou rt o f record
or o f a su rroga te..................................................................................
T ota l am ount o f such a ccou n ts..................................... .....................
$6 ,94 0
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1016...................... ................... ................................
R ate per cent, o f dividends to depositors du rin g the six m onths
ending December 31, 1916..................................................................
T ota l earnings o f the bank fo r th e yea r 1916, a fter allow in g
fo r am ortization o f prem ium s and discounts*............................ $ 2 ,3 1 0 ,6 5 0
Tbtal expenses o f th e bank fo r the year 1916.................................
218,554
D ividends paid to depositors fo r the year 1918.............................
1 ,7 2 3 ,7 4 7
N et earnings for the year 1916 over expenses and dividends
paid t o dep ositors..................................................................................
368,347




94
43

2
94
4
4
39
47
94
98

126
40.

R eport on S avings B a n k s
THE DIME SAYINGS BANK OP WILLIAMSBURGH, BROOKLYN

[209 Havemeyer s tr e e t; incorporated 1864]
W . P. STURGIS, President.
C. M. LOW ES, Treasurer,
H. F. M OLLENHAUER, Vice-Pres.
CHARLES KROECK, Asst. Treasurer.
H. R. FERGUSON, Vice-President.

TRUSTEES
W IL L IA M P. STURGIS,
AUGUSTUS W ENZEL,
H . F. M OLLENHAUER.
OTTO F. STRUSE,
A L E X . D. SEYMOUR,

W AR R E N F. GOODWIN,
JOHN HOERLE,
A L VA H M ILLE R ,
H. R. FERGUSON,
C. C. M OLLENHAUER,

C ORBETT MCCARTHY,
JOHN J. COONEY,
WM. H. VOGEL,
R U SSELL J. PERRINE.
D. CLINTON JOHNSON.

F IN A N C IA L
RESOURCES

Bonds and m ortgages.........................
Stock and bond investm ents, v iz .:
Par
S to c k s and b onds
value
Cities in other States............ $1,026,000 00
Cities in this State............... 2,083,400 00
Counties in this State............
225,000 00
T ow ns in this State...............
78,000 00
Villages in this S tate............
50,000 00
School districts in this State
25,000 00
Railroad mortgage bonds—
60,000 00
$3,546,400 00

$ 7 ,4 3 9 ,2 0 0 00
Original
Estimated
m arket value
cost
$1,047,790 36 $1,015,700 00
2,174,864 83
2,129,263 00
233,050 00
236,122 28
80,(19 70
81,110 00
54,792 65
51,400 00
26,950 00
25,248 25
82,344 00
72,600 00
$3,701,2d 07

$3,610,073 00

= —
=
= —
«-..-.......- ..... 3 ,0 1 0 ,0 7 3
Banking house and lot, book value, $125,000; cost, $142,786.54;
actual cash v a lu e ....................................................................................
125,000
Other real estate, book value, $23,090.69; cost, $23,090.69;
actual cash value ................................................................................
2 3 ,09 0
Cash on deposit in banks o r trust c o m p a n ie s ................................... -1 ,0 6 0 ,8 3 8
Cash on h an d...............................................................................................
34 ,47 4
T ota l o f collectible in terest........................................................................... 91,306
A m ount o f a ll other assets, viz.:
Insurance and taxes a dvan ced..........................................................
165

00
00
69
36
29
39
78

$ 1 2 ,3 8 4 ,1 4 8 51
L IA B IL IT IE S

A m ount due depositors, v iz .:
P r in c ip a l..................................................................................$11,404,210 49
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1916........................
217,009 94

------------------ $ 1 1 ,6 2 1 ,2 2 0 43
Other liabilities, v iz .: Expenses incurred, but unpaid, taxes
and insurance reserve.............................................................................
2 ,0 0 0 00
Surplus on m arket v a lu e ...........................................................................
760,928 08
$ 1 2 ,3 8 4 ,1 4 8 51
Surplus on par value, $697,255.08.
CASH T R A N SA C T IO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1, 1916,
before transactions o f th e d a y ..........................................................
Prom depositors, not including dividends cred ited .......................
Prom interest on loans, deposits and investm ents.........................
Prom m o r t g a g e s .........................................................................................
Prom redemption o f stocks and b on d s...............................................
Prom real estate s o ld ...............................................................................




$952,314
3 ,1 5 0 ,9 5 4
531,264
160,150
19,000
13,250

37
49
69
00
00
77

m

K ings C o u n ty
F rom a ll other sources, v iz .:
Insurance premiums refunded..........
Incom e tax w ithheld...........................
Refund overpaym ent on bonds.........
D eposit account o f sale real estate,
Land contract .......................................

$29 48
83 00
11 63
200 00
2 ,0 0 0 00

-----------

$ 2,324 11
$ 4 ,8 2 9 ,2 5 8 43

PAYM EN TS

T o depositors, in cluding dividends paid to th em ........................... $ 2 ,7 1 4 ,1 4 9
F o r loans on bonds and m ortga ges...................................................
482,4 5 0
F or stocks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l par value, $ 4 3 9 ,1 0 0 ).................... .....................
4 5 7 ,4 5 2
F or interest (other than dividend paym ents to d e p o s ito r s ). . .
4 ,1 6 2
F or current expenses o f the bank, v iz .:
F or salaries .............................................................................
F or ta x e s :
Banking house, $2,695.50: surplus,
$6,172.% ..................................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
F or expenses o f other real estate, v i z .:
Taxes .................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

06
00
50
28

$28,460 00
8,768 46
642 m
2,600 67
166 40
138 00
8,4% 48

4 9 ,14 4 08
F or real estate acquired b y foreclosure, o r in settlem ent o f
o f debts due the b a n k .......................................................................
Other paym ents, viz.:
Loss — sale o f real estate, foreclosure...........................
Overpayment on bon ds.........................................................
Incom e tax w ithheld............................................................
Cash short — teller’s ............................................................

2 5,541 46

$950 77
11 63
83 00
1 00

1 ,0 46 40
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f th e d a y ..............................................

1 ,0 9 5 ,3 1 2 65
$ 4 ,8 2 9 ,2 5 8 43

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917...................................
16,223
Number o f accounts opened or reopened during the y e a r . . . .
2 ,9 43
Number o f accounts closed during the y e a r ..................................
2,261
Am ount deposited during the year, n ot including dividends
credited fo r th at p e r io d ..................................................................... $ 3 ,1 5 0 ,9 5 4 49
2 ,7 1 4 ,1 4 9 06
Am ount w ithdraw n du rin g the y e a r .................................................
Am ount o f dividends credited and paid fo r the year, viz.:
July 1, 1916..............................................................................
January 1, 1917........................................................................

$208,396 19
217,0# 94

Average amount o f each aeeount January 1, 1917....................
Rate per cent, o f dividends to depositors during the six
months ending June 30, 1916..........................................................
R ate per cent, o f dividends to depositors during the six
m onths ending December 31, 1916.................................................
T otal earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f prem ium s and d iscou n ts..........................
Total expenses o f the bank fo r the year 1916.............................
Dividends paid to depositors fo r the year 1916.........................
Net earnings fo r the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




425.405 13
716 34
4
4
$530,593 34
52 ,94 9 02
425.405 13
5 2 ,23 9 19

128

R epoet on S avin g s B a n k s
41.

EAST BROOKLYN SAVINGS BANK, BROOKLYN

[643 M yrtle aven u e; incorporated 1860]
EUGENE F . BARNES, President.
D A V ID M OREHOUSE, Treasure*.
JOHN H. IRELAN D, Vice-President.
HEN RY W . COONS, A m t. Treasurer.
WM. A . GRA H A M , Vice-President.

T R U ST E E S
EUGENE F . BARNES,
JOHN BL IRE LA N D ,
JAM ES S. DAVIS,
ED W AR D F. GEER,
HENRY VON GLAHN,
JOHN T . BARRY,

ROBERT L. W ENSLEY,
E . J. P H IL L IP S ,
F R E D ’K E. GUNNISON,
A . R. BOERUM,
CLINTON P. CASE,

H A R R Y A. MOODY.
W IL L IA M A . GRAHAM ,
A L F R E D S . HUGHES,
GEORGE NICHOLSON,
D A V ID M OREHOUSE,
LU TH E R M. W E R N E R -

F IN A N C IA L
RESOURCES

Bonds and m ortga ges................................................................................ $4,972,300? 00
Stoek and bond investm ents, v iz .:
P ar
value
Cities in other States............ $1,158,500
Cities in this State............... 1,293,632
Counties in this S tate............
65,000
15,000
Villages in this State............
R ailroad m ortgage b o n d s ,... 1,000,000
S to c k s and b on d s

00
60
00
00
00

$3,532,132 60

—

—

Original
Estimated
cost
m arket value
$1,233,296 T
O
$1,171,09000
1,313,933 12
1,306,13669
66,470 31
67,58000
17,137 50
15,00000
1,017,799 25
886,50000
$3,648,635 88

$3,446,306 60

- .... ...- '.... ' - ——
.

.

3,44$,306 69

Banking house and lot, book value, $22,500; cost, $48,741.60;
actual cash value....... .. ..........................................................................
Other real estate, b ook value, $14,012.94; cost $14,012.94;
actu al cash value ...................................................................— . . .
Cash on deposit in banks or tru st com panies............................

14,012, 94
702,855* h7

Cash on hand.................................................................................

40,857 02

T ota l

7 7,135 87

o f collectible

2 2 ,5 0 0 00

in terest................................................................

$ 9 ,2 7 6 ,0 2 $ 59
L IA B IL IT IE S

A m ount due depositors, v iz .:
P r in c ip a l.................................................................................. $8,443,613 87
Dividends credited or to be credited fo r the six
m onths ending w ith December 31, 1916......................
156,373 44

---------------------- $ 8 ,5 9 9 ,9 8 7 31
Surplus on m arket v a lu e.......................................................................
676,041 28
$ 9 ,2 7 6 ,0 2 8 m
Surplus on par value, $761,867.19.
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1,
1910, before transactions o f the d a y ............................................
F rom depositors, n ot in cluding dividends cred ited ....................
From interest on loans, deposits and investm ents........ .............
From rents from banking h ou se.........................................................
F rom rents from other real esta te................
F rom m ortgages .......................................................................................
From redemption o f stocks and b on d s............................................
F rom stocks and bonds sold (to ta l par' value, $ 1 0 0 ,0 0 0 ).........
From affl oth er sources, v iz .:
T ax search receip ts...............................................................
Appraisal fe e s ;..................................... ................. ................




$157 00
485 00

------------------

$685,028
2 ,5 8 0 ,3 5 8
3 88,658
432
664
88,400.
6 7 ,5 2 0
9 8 ,5 0 0

62
76
20
00
7d
00
60
00

622 00
$ 3 ,9 2 0 ,1 8 4 29

129

K ing s C o u n t y
PAYM E N TS

T o depositors, including dividends pa id to th em .........................$ 1 ,9 7 1 ,9 0 1 02
622,8 0 0 00
F o r loans on bonds and m ortga ges...................................................
F o r stocks and bonds purchased, including premiums, com ­
524,212 63
m issions, etc. (to ta l par value, $ 5 4 1 ,5 0 0 ).................... ..
F o r interest (oth er than dividend paym ents to d e p o s ito r s )..
4 ,8 9 6 22
F or cu rrent expenses o f th e bank, v iz .:
F or salaries ............................................................................
F ob t a x e s : Banking house, $541.80; surplus, $5,882.65
F or expenses, except taxes, of banking h o u s e :

$24,855 95
6,424 45

Insurance...........................................................................
O t h e r ..................................................................................
F or expenses o f other real estate, v i z .:
R e p a ir s ..............................................................
In s u r a n c e ........................................
T a x e s ..................................................................................
O ther .................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

110 00
7 50

Repairs..........................................................................

647 05

691
90
803
MS

02
00
07
47

6,938 73

4 0,161 33
F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the ba n k ..............................................................................
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f th e d a y ............................................

12,500 00
7 43,713 09
$ 3 ,9 2 0 ,1 8 4 29

S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts January 1, 1917....................................
17,292
Num ber o f accounts opened or reopened during the y e a r . . . .
3 ,6 2 0
Num ber o f accounts closed during the y e a r .................................
2 ,4 8 5
A m ount deposited during the year, n ot in cluding dividends
credited fo r th a t p e r io d ..................................................................... $ 2 ,5 9 0 ,3 5 8 76
A m ount w ithdraw n during th e y e a r .................................................
1 ,9 7 1 ,9 0 1 02
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1916...............................................................................
January 1, 1917........................................................................

$147,168 84
156,373 44

A verage am ount o f each account Janu ary 1, 1917....................
N um ber o f accounts w hich exceeded $3,000, exclusive o f
dividends credited, a t the last tr ia l balance o f depositors’
ledgers, except deposits arisin g from society accounts, o r
ju d icia l sales, o r tru st funds, or b y order o f a cou rt o f
record or o f a su rroga te.......................................... .......................
T o ta l am ount o f such a ccou n t..............................................................
R ate per cent, o f dividends to depositors during th e six
m onths ending June 30, 1916..........................................................
R ate per cen t, o f dividends to depositors during the six
m onths ending Decem ber 31, 1916.................................................
T ota l earnings o f the bank fo r th e year 1916, a fter allow in g
fo r am ortization o f prem ium s and d iscou n ts...........................
T o ta l expenses o f th e basic f o r th e year 1916.............................
D ividends pa id to depositors fo r the year 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
pa id to dep o sito rs..................................................................................
5




303,477 28
497 33

1
$ 4 ,15 5 30
4
4
$391,859 77
4 2,661 33
303,477 28
4 5 ,72 1 m

130
42.

R epoet oh S avin g s B a n k s
E A S T E R N D IST R IC T SA V IN G S B A N K OF T H E C IT Y OF BRO O K LYN ,
BRO O K LYN

[1024-1026 Gates av en u e; Incorporated 1895]
JOHN W . FRASER, President.
CHAS. LOUIS SICARD, Secretary.
P A R K E R SLOANE. V ice-President.
A . M ANNING S H E V ILL, Cashier.
HOM ER L . B A R TL E T T, Vice-Fres.

T R U S T IE S
P A R K E R SLOANE,
CHARLES L. SICARD,
JOHN W. FRASER,
GEO. W . PAYNTAR,

HENRY L. GAUS,
HENRY V O L LW E ILE R ,
HOM ER L. B A R TL E T T.
C. JEROM E EDW ARDS,

C H ARLES JACOB.
JOHN W. MOORE,
JOHN BOSSERT,
GEO. W. IL E R ,

F IN A N C IA L
RESOURCES

Bonds and m o r tg a g e s ....................
Stock and bond investm ents, v iz .:

$ 5 ,3 0 9 ,2 4 0 00

Original
Estimated
value
cost
m arket value
$50,000 00
State o f M aine.........................
$48,372 43
$50,650 00
State o f M issouri.........................
5O,O0000
48,121 68
49.500 00
State o f C alifornia.....................
50,90000
48,611 65
60.500 00
State o f New M exico..................
50,00000
55,000 00
50,963 75
1,233,084 45
1,248,5® 00
C ities in other States............ 1,173,000 00
Cities in this State.................
659,370 00
677,759 26
689,504 00
Counties in this S ta te............
65,(W 00
O
67,465 90
68,800 00
Villages in this S tate............
8,667 78
9,382 87
8,667 78
832,088 89
R ailroad m ortgage bonds—
804,009 00
780,140 00
S to c k s and b on d s

$2,910,087 78 $3,015,850 78 $3,001,296 78
.................... T— t...*....'.. — ........... .v
Other real estate, book value, $52,702.28; cost, $52,702.28;
actual cash v a lu e ..................................................................................
Cash on deposit in banks or tru st com panies...............................
Cash on h an d .............................................................................................
T ota l o f collectible in terest.............................................................. ....
A m ount o f all other assets, v iz .: Insurance prem ium advanced

3 ,0 0 1 ,2 9 6 78
5 2 ,70 2
1 ,2 54 ,8 9 1
46,061
85 ,26 6
67

28
81
96
00
61

$ 9 ,7 4 9 ,5 2 6 44
L IA B IL IT IE S

A m ount due depositors, v iz .:
Principal ................................................................................. $9,067,628 20
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1916......................
163,190 35

------------------ $ 9 ,2 3 0 ,7 1 8 55
Surplus on market v a lu e....................................................... .*...............
518,807 89
$ 9 ,7 4 9 ,5 2 6 44
Surplus on par value, $427,548.89.
CASH TR A N SA C TIO N S D U R IN G T H E Y E A R

1916

R E C E IPTS

Cash on hand and in hanks or tru st com panies January 1,
1916, before transactions o f the d a y ...........................................
F rom depositors, n o t including dividends cred ited ....................
F rom interest on loans, deposits and investm ents....................
F rom rents from other real esta te ...................................................
F rom m ortgages ..............................................................................: . . .
F rom redem ption o f stocks and b on d s..........................................
F rom stocks and bonds sold {to ta l par value, $ 1 6 8 ,0 0 0 )------




$749,375
4 ,1 3 9 ,3 3 4
411,783
2 ,0 4 1
1 18,800
2 8 ,0 9 0
173,277

74
71
90
41
00
00
49

K in g s

131

County

From all other sources, viz.:
Insurance premiums advanced — refunded....................
Redemption o f judgm ents against State o f New York

$513 08
4,402 47

-----------

$4 ,91 5 55
$ 5 ,6 2 7 ,6 1 8 80

PAYM EN TS

•To depositors, in cluding dividends paid to th em ....................... $ 3 ,1 3 4 ,9 3 1 20
F o r loans on bonds and m ortga ges...................................................
5 1 6 ,7 5 0 00
F o r stocks and bonds purchased, in cluding premiums, com ­
m issions, etc. (to ta l par value, $ 6 1 3 ,0 0 0 )..................................
606,226 19
F o r interest (oth er than dividend paym ents to d e p o s ito r s )..
6 ,7 9 4 11
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s: Surplus, $3,378.53.............................................
F or expenses, except taxes, o f banking h o u se :
O t h e r ..................................................................................
F or rent o f banking room s...............................................
F or expenses o f other real estate, v i z .:
Repairs ........................................................*
.....................
I n s u r a n c e ..........................................................................
Taxes .................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f hanking h ou se...

$15,542 00
3,378 53
432 96
3,190 10
1,244
70
700
15

12
00
45
02

4,388 57

28,961 75
F or real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ................................................................................
Other paym ents, v iz .: Insurance premiums advanced..............
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ............................................

32,421 09
580 69
•1,300,953 77
$ 5 ,6 2 7 ,6 1 8 80

S T A T IS T IC A L IN F O R M A T IO N
Number o f open accounts January 1, 1917...................................
26 ,31 2
N um ber o f accounts opened or reopened during the y e a r . . . .
6 ,8 03
N um ber o f accounts closed during the y e a r ..................................
4 ,2 8 8
A m ount deposited during the year, n ot in cluding dividends
credited fo r th at p e r io d ..................................................................... $ 4 ,1 3 8 ,6 2 7 28
A m oun t w ithdraw n during the y e a r ............................................... 3 ,1 3 4 ,2 2 3 77
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917......................................................................
Credited at other periods....................................................

$151,039 1#
163,190 35
707 43

Average am ount o f each account January 1, 1917....................
R ate per cent, o f dividends to depositors during the six
m onths ending June 30, 1916..........................................................
R a te per eent. o f dividends to depositors du rin g the six
m onths ending Decem ber 31, 1916.................................................
T ota l earnings o f the bank fo r the year 1916, after allow in g
fo r am ortization o f premiums and discou n ts.............................
T ota l expenses o f the bank for the year 1916.............................
D ividends paid to depositors for the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
pa id to dep ositors............................................................ .....................




314.9 3 6 94
350 80
4
4
$414,032 47
2 8 ,9 6 1 75
3 14.936 94
70 ,13 3 78

132

R epoet oh S avin g s B a n k s
43.

E A S T H E W Y O R K S A Y IN G S B A N E , BRO O K LYN

[2644 A tla n tic a v e n a e ; incorporated 1868]
F R E D E R IC K M IDDBNDORF, President.
JOHN M. LIN Z, Treasurer.
CLARENCE P . COEYER, V ice-Pres.
E D W A R D A. RIC H A R DS, Secretary.
BRED M. LIN Z, A sst, Treasurer.

T R U ST E E S
F R E D 'S IIIB B B N D O R F,
RUDOLPH RBIM BR,
F R A N K C. LANG,
n H H H B C K D. HART,
CLARENCE P . COLXER,

JOHN M. LIN Z,
ADOLPH KIE N D L,
A . H. ACKERMAN,
H EN RY M EYER,

G. F. M IDDLED ORF, J b .,
JOHN MBYN, SB.
N. W IL L A R D CURTIS,
E. A. R IC H A R D S.
AN D R E W B R ISLIN ,

F IN A N C IA L
RESOURCES

Bonds and m ortgages......................
Stock and bond investments, v iz .:

$ 2 ,5 6 3 ,0 2 0 00

P ar
value
$53,060 00
190,000 00
664,000 00
37,000 00
24,000 00
445,000 00

S to c k s an d bon d s

State o f C alifornia...................
C ities in other States............
Cities in this State.................
Tow ns in this State...............
Villages in this State............
R ailroad m ortgage b o n d s ....

$1,413,000 00

Banking
actu al
Cash on
Cash on
T o ta l o f

Estimated
Original
m arket value
cost
$51,675 00
$53,530 00
195,730 91
201,430 00
675,857 35
685,3® 00
41,530 00
39,860 00
28, m 00
24,600 00
601,806 82
416,500 00
$1,495,196 08

$1,421,205 00

—
bouse and lo t, book value, $25,000; cost, $35,399.70;
cash value ............................................................................
deposit in banks or tru st com panies.............................
h an d ..............................................................................................
collectible in terest...................................................................

1 ,4 2 1 ,2 0 5 00
2 5 ,0 0 0
5 72,108
10,732
5 9 ,19 2

00
66
24
12

$ 4 ,6 5 1 ,2 5 8 02
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rin cipal ..................................................................................$4,120,171 41
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916......................
75,518 33

------------------ $ 4 ,1 9 5 ,6 8 9 74
Surplus on m arket v a lu e .......................................................................
455,568 28
$4,§81,258 m
Surplus on par value, $447,363.28.
C A S H TR A N SA C TIO N S D U R IN G TH E Y E A R

1916

REC E IPTS

Cash on hand and in banks or trust com panies January 1,
1916 before transactions o f the d a y .......................................
F rom depositors, n ot including dividends cred ited...............
P rom interest on loans, deposits and investm ents....................
F ro m rents from banking h ou se........................................................
F rom m ortgages .......................................................................................
F rom redem ption o f stocks and b on d s............................................
F rom a ll other sources, v iz .: Insurance prem ium advanced,
re fu n d e d ....................................................

$301,959
1 ,2 7 1 ,0 6 8
203,699
300
9 7 ,3 6 0
1 6 ,06 6

61
93
28
00
06
06

13 60
$ 1 ,8 8 4 ,8 4 1 42

P AYM EN TS

T o depositors, including dividends p a id to th e m ........................
F o r loans on bonds and m ortga ges...................................................
F o r stocks and bonds purchased, in cluding premiums, com ­
missions, etc. (to ta l pa r value, $ 2 ,0 1 0 )........................................




$992,960 54
2 8 7 ,2 2 0 00
2 ,0 1 0 00

K ings C o u n ty

133

F o r in te re st( o tt e r than dividend paym ents to depositors)
F o r cu rren t expenses o f the bank, v iz .:
F o r s a la r ie s .............................................................................
F o r ta x e s : Banking house, $533.80: surplus, $3,747.06
F o r expenses, except taxes, o f banking h o u se :
R e p a ir s ..............................................................................
Insurance ................................................
O t h e r ..................................................................................
F or other expenses, not including expenses o f other
real estate n or other expenses o f banking h o u se ...

$7 75

f 13,183 33
4,280 85
91 40
22 36
588 30
1,627 49

-----------------Other paym ents, v iz .: Insurance premium advan ced.............
Cash on hand and in banks or tru st com panies December 31,
1916, a lter transactions o f the d a y .............................................

19,793 73
8 50
5 8 2 ,8 4 0 90
$ 1 ,8 8 4 ,8 4 1 42

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917.................................
9 ,8 7 0
N um ber o f accounts opened o r reopened during the y e a r . . .
1,993
Num ber o f accounts closed during the y e a r ..................................
1 ,3 1 4
A m oun t deposited during the year, n ot in cluding dividends
credited fo r th a t p e rio d ..................................................................... $ 1 ,2 7 1 ,0 6 8 93
A m oun t w ithdraw n during the y e a r .................................................
992,960 54
A m oun t o f dividends credited and paid fo r the year, viz.:
Ju ly 1, 1916...............................................................................
January 1, 1917........................................................................

$71,750 97
75,618 33

A verage am ount o f each account January 1, 1917....................
R a te per eent. o f dividends to depositors during the six
m onths ending June 30, 1916..........................................................
R a te per cent, o f dividends to depositors during the six
m on th s ending Decem ber 31, 1916.................................................
T o ta l earnings o f the bank fo r the year 1916, after a llow in g
fo r am ortization o f prem ium s and d iscou n ts.............................
T o ta l expenses o f the bank fo r the year 1916.............................
D ividends p a id to depositors fo r the year 1916...........................
N e t earnings fo r the year 1916 over expenses and dividends
pa id to dep ositors..................................................................................




147.269 30
407 44
4
4
$206,858 63
19,793 73
147.269 30
39 ,79 5 60

134

R eport on S x vings R a n k s
I
44.

FLATBUSH SAVINGS BANK, BROOKLYN

[863 Flatbush aven u e; incorporated 1916]
H A R R Y B. HAW KIN S, President.
E V E R E T T E. TE R R Y , Vice-President.
F R E D E R IC K A . KOCH, Vice-President.
D A N IE L A. BENTIEN, Secretary.
STAR K S W . SALT, Vice-President.

TR U ST E E S
H A R R Y B. HAW KIN S,
F R E D E R IC K A. KOCH,
STAR K S W . SALT,
E V E R E T T E . TE RR Y,
JOHN A. COOK.
HENRY B. DAVEN PORT,
H ENRY J. DAVENPORT,

GEORGE C. D ICKEL.
D eW ITT V. D. RE I LEY,
W ILLIA M HAW KIN S,
J. SCHENCK REMSEN,
J. PAU L HOFFM AN,
A LLAN STEVENSON,
GRISW OLD I. KEENEY,
HENRY L. C G H ETTA,
A L EX A N D E R MacDONALD, R IC H A R D VON LEHN,
JAM ES M elLR A V Y ,
W IL L IA M T. W ELCH.

FIN A N C IA L
RESOURCES

Bonds and m ortga ges..............................................................................
Stock and bond investments, v iz .:
P ar
value
$5,000 00
15,500 00
70,000 00

S to c k s and b on d s

Cities in other States............
Cities In this State.................
R ailroad m ortgage bonds—

$90,500 00

$161,000 00

Original
Estimated
cost
market value
$5,312 50
$5,40000
16,496 88
16,76500
66,385 00
67,10000
$88,194 38

$89,265 00

— ..... ......... ========== .....................
Cash: on deposit in banks or trust com panies...............................
Cash on h an d.............................................................................................
T ota l o f collectible in terest..................................................................

8 9,263
3 8 ,27 0
4 ,6 2 5
3 ,3 3 8

00
77
92
39

$296,500 08
L IA B IL IT IE S

A m ount due depositors, v iz .:
Principal ..................................................................................
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1916..................

$284,823 29
3,467 01

-----------------Surplus on market v a lu e .......................................................................

$288,290 30
8 ,2 0 9 78
$296,500 08

Surplus on par value, $9,444.78.
CASH T R A N SA C TIO N S D U R IN G T H E Y E A R

1916

R E C E IPTS

F rom
F rom
From
F rom

depositors, n ot including dividends
c r e d ite d ,....................
interest on loans, deposits and in vestm ents.......................
m ortgages
..................................................................................
all other sources, v iz .:

Contributions to guaranty fund by trustees...............
Contributions to expense fund by trustees...............
Appraisal fee .........................................................................

$365,465 94
3 ,5 78 46
8 ,7 5 0 00

$5,0000 00
7,500 00
30 00

-------------------------------------- 12,530 00
$390,324 40

PAYM EN TS

T o depositors, including dividends paid to th em ...........................
F o r loans on bonds and m ortga ges......... ................... .....................
F o r stocks and bonds purchased, including premiums, com ­
missions, etc. (to ta l par value, $ 9 0 ,5 0 0 )............................. ..
F o r interest (oth er than dividend paym ents to d e p o s ito r s ).




$ 81,159 58
169,750 00
88 ,19 4 38
971 62

185

K ings C o u n t y
F o r current expenses o f tlie bank, v iz .:
F or salaries ...........................................................................
F or expenses, except taxes, o f banking h o u se :
Insurance ..........................................................................
F or rent o f banking room s.................................................
F or other expenses, not Including expenses o f other
real estate nor other expenses o f banking h o u se ...

$1,875 36
12 73
1,215 00
4,249 04

-----------------Cask on hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y ...............................................

$7 ,35 2 13
42 ,89 6 69
$ 3 90,324 40

S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts January 1, 1917....................................
Num ber o f accounts opened or reopened during the y e a r ___
Num ber o f accounts closed during the y e a r ..................................
A m ount deposited during the year, n ot including dividends
credited fo r that p e rio d .....................................................................
A m ount w ithdraw n during the y e a r .................................................
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917........................................................................

$365,465 94
81 ,05 9 58

$516 93
3,467 01

A verage amount o f each account January 1, 1917....................
R ate per cent, o f dividends to depositors during the six
m onths ending June 30, 1916..........................................................
R a te per cent, o f dividends to depositors during the six
m onths ending December 31, 1916............................. ...................
T ota l earnings o f the bank fo r the year 1916, after allow in g
fo r am ortization o f premiums and discou n ts...........................
T ota l expenses o f the bank for the year 1916..................................
D ividends paid to depositors for the year 1916.........................
N et earnings fo r the year 1916 over expenses and dividends
paid to d ep ositors..................................................................................




2 ,6 6 2
3 ,0 0 2
340

3 .9 8 3 94
108 20
4
4
$13,522 85
7 ,3 5 2 13
3 .9 83 94
2 ,1 8 6 78

ize

R eport o f S a vin g s B a k e s

45.

GERMANIA SAYINGS BANE, KINGS GOBNTY, BROOKLYN

[375 F ulton s tr e e t;
A . GOEPEL, President.
P E T E R H. RBPPEN HAGEN , Vice-Pres.
OTTO W ISSNER, Vice-President.

incorporated 18671
OSCAR THOM ASS, Treasurer.
J. C. M. LORENZ, Secretary.
JOHN W . HASS, Cashier.

TRU STEES
A D O L P H GOEPEL,
CHAS. A. SCHIEREN,
P . H. RBPPEN HAGEN ,
T . E L L B T T HQDSKIN,
JACOB DANGLER,
A U GU ST JAHN,

J. F . H ILD E B R A N D ,
R IC H A R D KNY,
O TTO W ISSN ER,
J. R. M ANNHEIM,
HERM AN A. M ETZ,
LOUIS SCHELING,

FR ED ER IC S: RENKEN,
W IL L IA M RASMUS,
OSCAR THOMASS,
B E R TH O LD F A LL E R T,
G. WM. RASCH.

F IN A N C IA L
RESOURCES

B onds and m ortga ges......................
Stock and bond investm ents, v iz .:
S to c k s and b on d s

State o f C alifornia.................
State o f Oklahoma...................
C ities In other States............
C ities in this State...............
Counties in this State..........
T ow n s in this State..............
V illages In this State............
R ailroad m ortgage bonds—

$ 8 ,1 4 7 ,1 0 0 00

value
$90,000 00
30,000 00
1,143,000 00
2,272,043 64
336,000 00
12,175 00
28,900 00
465,000 00
$4,367,118 64

Original
Estim ated
cost
m arket value
$90,608 40
$95,300 00
20,494 60
20,600 00
1,136,9® 32
1,202,89® 00
2,404,208 80
2,283,311 54
349,443 55
352,270 00
13,496 31
12,206 76
30,716 10
29,891 00
450,873 00
448,750 00
$4,555,830 08

$4,445,219 29

4 ,4 4 5 ,2 1 9 29
B anking bouse and lot, book value, $322,900.27; cost, $374,620.05; actual ca d i v a lu e........................................
O ther real estate, book value, $32,500; cost, $38,989.42;
actu al easb value ........................................ ..............
Ca»b on deposit in banks or tru st com panies. .
Cash on b a n d ...................................................................
T o ta l o f collectible in terest........................................
A m oun t o f all other assets, v iz .: R en t accrued

322,900 27
3 2 ,5 0 0
857,893
11,656
110,001
52#

00
96
93
39
00

$13,92 7 ,7 9 1 84
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal ................................................................................. $12,690,229 07
Dividends credited or to be credited fo r the six
m onths ending w ith December 31, 1916........................
238,760 61

------------------ $1 2 ,9 2 8 ,9 8 9 68
Surplus on m arket v a lu e .......................................................................
998,802 16
$1 3 ,9 2 7 ,7 9 1 84
Surplus on par value, $920,701.51.
CASH TR A N SA C TIO N S D U R IN G T H E Y E A R

1916

R E C E IP T S

Cash on hand and in banks o r tru st com panies Janu ary 1,
1916, before transactions o f the d a y .............................................
F ro m depositors, n o t including dividends cred ited ------; ...........
F rom interest on loans, deposits and investm ents.......................
F rom rents from banking h ou se........................................................
F rom rents from other real esta te ...................................................
F rom m ortgages .......................................................................................
F rom redemption o f stocks and b on d s...............................................
F rom real estate s o ld ..............................................................................




$817,756
3 ,6 4 6 ,1 3 8
578,985
18,265
3 ,051
2 3 7 ,7 5 0
2 5 9 ,7 8 0
4 ,2 0 0

98
17
53
51
22
00
91
00

K ings C o u n t y

137

F rom a ll other sources, v iz .:
N ew York State judgm ents redeemed.................*........
A ppraisal fees refunded......................................................
Insurance premium advanced, refunded........................

ft , 806 78
626 00
1 68

------------------

$ 5 ,4 3 4 46
$ 5 ,5 7 1 ,3 6 2 78

PAYM EN TS

T o depositors, including dividends p a id t o th em ...................... $ 2 ,9 9 2 ,8 1 0
8 7 7 ,5 0 0
F o r loans on bonds and m ortga ges................................................
F o r stocks and bonds purchased, in cluding premiums, com ­
m issions, etc. (to ta l par value, $ 7 6 1 ,0 0 0 )...............................
766,273
F o r interest (oth er than dividend paym ents to d e p o s ito rs ).
6 ,7 1 9
F o r current expenses o f the .bank# v iz .:
F or salaries ...........................................................................
F or ta x e s: Banking house,$8,019.32; surplus, $8,198.43
F or expenses, except taxes, o f banking h o u se :
Kepairs ..............................................................................
Insurance ..........................................................................
O t h e r ..................................................................
9,225
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
In s u r a n c e ..........................................................
143
Taxes .................................................................................
O t h e r ..................................................................
1,283
F or other expenses, n ot including expenses o f other
real estate nor other expenses o f banking h o u se ...

04
00
02
02

$19,468 34
16,21775
1,134 80
277 08
73
1,598 38
80
723,90
39
4 , M l 16

5 4 ,63 4 33
F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ................................................................................
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y .................................................

3 ,8 7 5 48
869,5 5 0 89
$ 5 ,5 7 1 ,3 6 2 78

S T A T IS T IC A L IN F O R M A T IO N
Number o f open accounts January 1, 1917........................................
2 1 ,1 7 0
Number o f accounts opened or reopened during the y e a r .........
3 ,5 2 4
Num ber o f accounts closed during the y e a r .................................
2 ,6 3 5
A m oun t deposited during the year, n ot in cluding dividends
credited fo r that p e rio d ..................................................................... $ 3 ,6 4 6 ,1 3 8 17
2 ,9 9 2 ,8 1 0 04
A m ount w ithdraw n during the y e a r ...................................................
A m oun t o f dividends credited and pa id fo r the year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................

$227,632 15
238,760 61

A verage am ount o f each account January 1, 1917......................
R a te per cent, o f dividends to depositors during th e six
m onths ending June 30, 1916..........................................................
R a te per cent, o f dividends to depositors during the six
m onths ending December 31, 1916.................................................
T o ta l earnings o f the bank fo r the year 1916, a fter allow in g
fo r am ortization o f premiums and d iscou n ts.............................
T o ta l expenses o f the bank fo r the year 1916...............................
D ividends paid to depositors for th e year 1916.............................
N et earnings for the year 1916 over expenses and dividends
! » i d t o dep ositors..................................................................................




466.392 76
610 72

4
4
$602,754 29
57,134 33
466 .3 9 2 76
79,227 20

138

R eport oh S a vin g s B a n k s
46.

GERMAN SAVINGS BANK OF BROOKLYN, BROOKLYN
[531 B r o d d w a y ;

C H A R L E S F R O E B , P r e s id e n t .
A U G U S T C . S C H A R M A N N , V i c e -P r e s .

I n c o r p o r a t e d 1866]
J . A . M O L L E N H A U E R , V i e e -P r e s .
H E N R Y S T U M P F , S e cre ta ry .

TR U STE E S
THEO. ENGELHARDT,
J. A . M O L L E N H A U E R ,
CH ARLES FROEB,
A . C. SCH AR M AN N ,
H E N R Y C. D EC K ,

JO H N R. TH O M PSO N .
J . M. O T T O ,
G E O R G E B . G O O D W IN ,
J. H . SC H U M A N N ,
H E N R Y STUMPF,

JOSEPH H UBER ,
L O U IS Z O E L L N E R ,
JOH N PROBST,
F R E D E R IC K W E IS B R O D ,
W IL L IA M K . D IC K .

F IN A N C IA L
RESOURCES

Bonds and m ortga ges......................
Stock and bond investments, v iz .:
S to c k s and bon ds
S ta te o f
S ta te o f
S ta te o f
S ta te o f
S ta te o f
S ta te o f
C it i e s in
C it i e s in
C o u n tie s
T o w n s in
R a i lr o a d

C a li f o r n i a .......................
I d a h o ..................................
L o u i s ia n a ......................
M i s s is s i p p i ...................
O k l a h o m a .....................
U t a h ..................................
o t h e r S t a t e s ................
t h i s S t a t e .......................
in t h is S t a t e ..............
t h i s S t a t e ....................
m o rtg a g e b o n d s—

$12,9 6 1 ,1 8 7 00
O r ig in a l
cost

v a lu e
$32, WO
21.000
10, (WO
68,000
20,000
44, W 0
2 ,9 1 7 ,8 1 8
2,7 4 1 ,6 9 2
118,000
6 2 ,0 W
2 ,5 9 7 ,5 0 0

00
00
W
00
W
00
00
12
00
00
00

$8,632,010 12

$31,956
21,173
10,591
69,776
20,495
48,655
3 ,0 4 7 ,8 6 1
2,8 8 6 ,7 7 1
124,370
64,716
2 ,7 4 6 ,3 2 1

22
20
73
07
08
20
32
28
67
59
59

$9,071,688 9S

E s tim a te d
m a r k e t v a lu e
$32,320
2 1 ,690
10,600
69,715
20,600
49,2 8 0
3 ,0 1 6 ,2 3 7
2 ,7 5 9 ,4 6 6
116,365
64,990
2 ,6 9 3 ,0 8 5

00
00
00
00
00
W
09
40
00
00
00

$8,854,348 49

==—
.................... » —
- — ■ 8 ,8 5 4 ,3 4 8
Banking house and lot, book value, $70,000; cost, $120,714.59;
actual cash v a lu e ....................................................................................
70 ,00 0
Cash on deposit in banks and trust com panies...............................
2 ,0 2 5 ,0 0 0
•Cash on h a n d ...............................................................................................
7 9 ,95 4
T o ta l o f collectible in terest................................................... ...............
189,158
Am ount o f all other assets, v iz .: Rents a ccru ed ........................
356

49
00
00
32
36
26

$ 2 4 ,1 8 0 ,0 0 4 43
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P r in c i p a l ............................................................................................................. $21,939,106 33
D iv id e n d s c r e d ite d o r t o b e c r e d it e d f o r t h e s i x
m o n t h s e n d in g w i t h D e c e m b e r 31, 1916..............................
402,980 32

------------------ $ 2 2 ,3 4 2 ,0 8 6 65
Surplus on market va lu e.......................................................................
1 ,8 3 7 ,9 1 7 78
$ 2 4 ,1 8 0 ,0 0 4 43
Surplus on par value, $1,615,579.41.
CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Cash on hand and in hanks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................... $ 1 ,9 8 9 ,3 3 9
From depositors, n o t in cluding dividends cred ited ......................... 7 ,7 1 6 ,3 7 6
F rom interest on loans, deposits and investm ents......................... 1 ,0 2 8 ,3 0 8
F rom rents from banking h ouse..........................................................
4 ,0 1 6
F rom m ortgages......... ...............................................................................
221,725
F rom redemption o f stocks and b o n d s..............................................
182,584
From stocks and bonds sold (to ta l par value, $ 5 8 5 ,5 0 0 )...........
601,239
From loans p a id .........................................................................................
5 0 ,0 0 0




27
09
15
29
00
24
31
00

139

K in g s C o u n t y
F rom a ll other sources, v iz .;
R e d e m p t io n o f j u d g m e n t s a g a i n s t S t a t e o f N e w Y o r k
I n s u r a n c e p r e m iu m s a d v a n c e d ........................................................
S a t i s f a c t i o n p ie c e s .....................................................................................
R e f u n d s — b i l ls p a id a n d b o n d s p u r c h a s e d .........................
S a le o f d r in k in g c u p s a n d r u b b is h ...............................................

$12,519
$145
82
41
15

31
50
50
86
19

$12,804 36
$ 1 1 ,8 0 6 ,3 9 2 71
PAYM EN TS

T o depositors, including dividends paid to th em ......................... $ 5 ,3 7 9 ,3 8 4
F o r loans on bonds and m ortga ges............. .......................................
1 ,4 7 4 ,4 8 2
F o r loans on stocks and bonds and other securities......................
5 0 ,00 0
F o r stocks and bonds purchased, in cluding premiums, com ­
missions, etc. (to ta l par value, $2,58 7 .4 0 5 )...............................
2 ,7 0 1 ,0 0 8
F o r interest (other than dividend paym ents to depositors) . . .
28 ,80 2
F o r current expenses o f the bank, v iz .:
F o r s a l a r i e s ........................................................................................
For
ta x e s:
B a n k in g
h o u se,
$ 1 ,7 3 2 .3 9 ;
s u r p lu s ,
$14,500.01 ...........................................................................................................
F o r e x p e n s e s , e x c e p t t a x e s , o f b a n k in g h o u s e :
R e p a i r s .........................................................................................................
I n s u r a n c e ..................................................................................................
F o r o t h e r e x p e n s e s , n o t in c lu d in g e x p e n s e s o f o t h e r
r e a l e s t a t e n o r o t h e r e x p e n s e s o f b a n k in g h o u s e ____

57
00
00
55
44

$40,667 82
16,232 40
1 ,7 4 3 15
961 96
7 ,9 4 0 09

67,545 42
Other paym ents, v iz .:
I n s u r a n c e p r e m iu m s a d v a n c e d ..........................................................
T o c o r r e c t e r r o r i n c o m p u t in g i n t e r e s t ..................................

$145 60
69 91

215 41
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ...............................................

2 ,1 0 4 ,9 5 4 32
$ 1 1 ,8 0 6 ,3 9 2 71

S T A T IS T IC A L IN F O R M A T IO N
Number o f open accounts January 1, 1917........................................
46,972
Number o f accounts opened or reopened during the y e a r ...........
9 ,2 7 6
5 ,5 3 2
Num ber o f accounts closed during the y e a r ..................................
A m ount deposited during the year, n ot including dividends
credited fo r that p e rio d ..................................................................... $ 7 ,7 1 6 ,3 7 6 09
A m ount withdraw n during the y e a r ...................................................
5 ,3 7 9 ,3 8 4 57
A m ount o f dividends credited and paid for the year, v iz .:
J u l y 1 . 1916.........................................................................................................
J a n u a r y 1, 1917 ................................................................................................

$373,459 76
402,980 32

776,440
Average am ount o f each account January 1, 1917......................
475
Number o f accounts w hich exceeded $3,000, exclusive o f d iv i­
dends credited, a t the la st tria l balance o f depositors’
ledgers, except deposits arisin g from society accounts, or
ju d icia l sales, o r trust funds, o r by order o f a cou rt of
record o r o f a su rroga te.......................................................................
$ 22,094
T ota l am ount o f such a ccou n ts............................................................
R a te per cent, o f dividends to depositors during the six
m onths ending June 30, 1916..........................................................
R ate per cent, o f dividends to depositors during the six
m onths ending Decem ber 31, 1916.................................................
T ota l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f premiums and d is co u n ts ............................ $ 1 ,0 1 9 ,1 9 5
67 ,54 5
T ota l expenses o f the banks fo r the year 1916...............................
7 7 6 ,4 4 0
D ividends paid to depositors fo r the year 1916------••••/*............
N et earnings fo r the year 1916 over expenses and dividends
175,210
paid to dep ositors..................................................................................




08
65

6
69
4
4
94
42
08
44

R eport on S a vin g s B a n k s

140

47.

THE GREATER NEW YORK SAVINGS BANK, BROOKLYN
[4 9 8 F i f t h

avenue;

C . J . O B E R M A Y E R , P r e s id e n t .
A L E X A N D E R G . C A L D E R , V i c e -P r e s .

in c o r p o r a t e d 1897]
W M . K . C L E V E R L Y , V i c e -P r e s .
W M . O B E R M A Y E R , S e c re ta ry .

T R U ST E E S
C. J. O B E R M A YE R .
CH AR LES RUSTON,
W IL L IA M J. M A X W E L L ,
W. V . V A N B B N H O T J T E N ,
THOM AS M URPHY,
A L E X . G. CALDER,
FRANK A. SELLS,
M IL O M . B E L D IN G , J a „
H . B . M C N A IR ,

W M . OBERM AYER,
W . M . M ESEROLE,
W M . K. CLEVERLEY,
W A L T E R C R IT C H L E Y ,
JOH N LAM ON T,
A R C H IB A L D S IM P S O N .
GUSTAVE HARTUNG,
JO H N E . RUSTON,

F R E D E R IC K W . S T A R R ,

! W M . W . SPENCE,
‘ L U D W IG M E R K L E IN ,
G U Y L O O M IS ,
W M . D. BUCKNER,
R A Y M O N D H . F IE R O ,
H A R R Y M . D eM O T T,
E L IS H A W . H IN M A N .

F IN A N C IA L
RESOURCES

Bonds and m ortgages.....................................................
Stock and bond investments, v iz .:
Par
v a lu e

S to c k s and bonds

O r ig in a l
cost

$ 3 ,2 1 6 ,6 5 0 00
E s tim a te d
m a r k e t v a lu e

00
00
00
00
00
00

$105,387 00
772,002 04
580,975 22
10,0 6 0 00
10,711 00
17,074 05

$110,000 00

$ 1 ,4 4 1 ,0 0 0 00

S t a t e o f N e w Y o r k .......................
C i t i e s i n o t h e r S t a t e s ................
C it i e s in t h i s S t a t e .......................
T o w n s i n t h i s S t a t e .....................
V i l l a g e s i n t h i s S t a t e ..................
S c h o o l d is tr ic ts in th is S ta te

$1,496,209 31

$1,5 0 1 ,5 0 0 00

$100,000
7 36,500
668,000
1 0 ,0 0 0
10,0 0 0
1 6 ,5 0 0

7 75,270
578,460
1 0 ,4 0 0
1 0 ,4 2 0
1 6 ,9 5 0

00
00
00
00
00

1 ,5 0 1 ,5 0 0
4 5 1 ,5 1 9
2 8 ,3 7 5
4 9 ,5 9 4

Cask on deposit in banks or tru st com panies
Cash on b a n d ..............................................................
T o ta l o f collectible in terest.................... ............

00
49
95
32

$ 5 ,2 4 7 ,6 3 9 76
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P r in c i p a l ............................................................................................................. $4,9 2 2 ,2 2 0 68
D iv id e n d s c r e d ite d o r t o b e c r e d ite d f o r t h e s i x
m o n t h s e n d in g D e c e m b e r 31, 1916........................................ {£ ,5 2 8 74

----------- ------- $ 5 ,0 0 7 ,7 4 9 42
Surplus on m arket v a lu e .......................................................................
2 39,890 34
$ 5 ,2 4 7 ,6 3 9 76
Surplus on par value, $179,390.34.
CASH T R A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies J anu ary 1,
1916, before transactions o f the d a y ............................................
F rom depositors, n ot in cluding dividends cred ited .........................
F rom interest o n loans, deposits and investm ents.......................
F rom rents from oth er real esta te........................................................
F ro m m ortgages......... ...............................................................................
F rom redem ption o f stocks and b on d s............................................
F rom stocks and bonds sold (to ta l par value, $ 2 9 ,5 0 0 )...........
F rom real estate s o ld ........................................................................... *
F rom all other sources, v iz .:
N ic k e l p la t e d b a n k s l e s t a n d p a id f o r .......................................




$421,726
2 ,5 3 5 ,0 0 8
2 1 6 ,1 0 9
1 ,6 0 6
168,2 5 0
600
2 9 ,25 6
2 3 ,7 6 0

27
05
17
If
00
00

89
00

$12 W

$ 3 ,3 9 5 ,4 0 7 70

K ing s C o u n t y

141

P AYM EN TS

T o depositors, including dividends paid to th em .........................$ 1 ,6 6 0 ,8 6 5 34
F o r loans on bonds and m ortga ges.....................................................
8 6 4 ,3 0 # 00
F o r stocks and bonds purchased, in cluding premiums, com ­
357,973 25
missions, etc. (to ta l par value, $ 3 3 4 ,0 0 0 )...........................
F o r interest (other than dividend paym ents to d e p o s ito r s ). . .
4 ,3 2 5 08
F o r cu rrent expenses o f the bank, v iz .:
F o r s a l a r i e s .....................................................................................................
For ta x e s:
S u r p lu s , $1,496.62.............................................................
F o r e x p e n s e s , e x c e p t t a x e s , o f b a n k in g h o u s e :
R e p a i r s .........................................................................................................
I n s u r a n c e ......... »......................................................................................
F o r r e n t o f b a n k in g r o o m s .................................................................
F o r ex p en ses o f o th e r real e sta te , v i z . :
R e p a i r s .........................................................................................................
I n s u r a n c e ..................................................................................................
T a x e s .............................................................................................................
O t h e r .............................................................................................................
F o r o t h e r e x p e n s e s , n o t i n c lu d in g e x p e n s e s o f o t h e r
r e a l e s t a t e n o r o t h e r e x p e n s e s o f b a n k in g h o u s e . . . .

$16,666 60
1 ,496 62
145 32
57 50
3 ,3 0 0 00
426
64
388
453

81
22
38
86

6 ,0 4 9 88

-----------------Cash on hand and in banks or trust com panies December 31,
1916, a fter transactions o f the d a y ...............................................

29 ,04 8 59
479,895 44
$ 3 ,3 9 6 ,4 0 7 70

S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accounts January 1, 1917....................................
19,239
N um ber o f accounts opened or reopened during the y e a r .........
6,0 57
N um ber o f accounts closed during th e y e a r ....................................
3 ,4 17
A m oun t deposited du rin g the year, n ot including dividends
credited fo r that p e rio d ....................................................................... $ 2 ,5 3 5 ,0 9 8 §5
A m oun t w ithdraw n during the y e a r ...................................................
1 ,6 6 0 ,8 6 5 34
A m oun t o f dividends credited and paid fo r the year, v iz .:
July 1, 1916...............................................................................
January 1, 1917................................... ....................................

$77,131 43
85,528 74

-----------------Average amount o f each account January 1, 1917.........................
R a te per cent, o f dividends to depositors during the six
m onths ending June 30, 1916..........................................................
R ate per cent, o f dividends to depositors du rin g th e s ix
m onths ending Decem ber 31, 1916.................................................
T o ta l earnings o f the bank fo r the year 1916, a fter aE ow ing
fo r am ortization o f premiums and discou nts.............................
T ota l expenses o f the bank fo r the yea r 1916..............................
D ividends paid to depositors for the year 1916..............................
N et earnings fo r the year 1916 over expenses and dividends
pa id t o dep ositors................................................................................




162,660 17
260 29
4
4
$223,703 17
29,73.8 71
1 62,660 17
3 1 ,3 0 4 29

142

R epo st o f S avin g s B a n k s
47. THE GREEN POINT SAVINGS BANK, BROOKLYN
[807 M a n h a t t a n a v e n u e ;

E P H R A I M A . W A L K E R , P r e s id e n t .
C . H . R E Y N O L D S , V i c e -P r e s i d e n t .
D . A . M A N S O N , V i c e -P r e s i d e n t .

in c o r p o r a t e d 1868]

G E O R G E W . F E L T E R , S e cre ta ry .
F R A N K S . H A R L O W , A s s t . S e c re ta ry .

T R U S T IE S
E P H R A IM A . W A L K E R ,
PETER BURDEN,
HENRY DUCKEB,
D O N ALD A . M AN SO N ,

L E W IS JU R G E N S.
JA S. A . M cC A F F E R T Y ,
GEORGE W . FELTER,
CH AS. H . R EYNOLDS,
D A V ID M A R T IN .

F R A N K S. H A R L O W ,
W IL L IA M B . C A T E R ,
GEORGE H . PERRY,
F R E D E R IC K W . S M IT H ,

F IN A N C IA L
R ESO U RCES

. Bonds and m ortga ges....................
Stock and bond investm ents, v iz .:
Par
v a lu e

S to c k s and bon d s
S t a t e o f O k l a h o m a ......................
S t a t e o f T e n n e s s e e ......................
S t a t e o f I d a h o ................................
S t a t e o f C a l i f o r n i a .....................
C i t i e s i n o t h e r S t a t e s ...............
C it i e s i n t h i s S t a t e ......................
C o u n t i e s in t h i s S t a t e ................
T o w n s in t h i s S t a t e .....................
R a i lr o a d m o r t g a g e b o n d s ..........

$ 5 ,7 7 4 ,0 0 0 00

$70,000
150,000
25,0 0 0
84,000
1 ,2 7 5 ,0 0 0
1 ,1 4 5 ,9 0 0
370,000
54,000
1 ,1 3 1 ,0 0 0

O r ig in a l
cost
00
00
00
00
00
00
00
00
00

$4,304,900 00

$70,654
154,538
25,492
85,957
1 ,3 0 9 ,7 8 9
1 ,1 6 9 ,4 6 9
397,680
54,479
1 ,0 9 9 ,4 0 8

62
00
50
%
05
49
13
24
40

$4,367,469 29

E s tim a te d
m a r k e t v a lu e
$72,100
164,500
26,000
87,9 5 0
1 ,3 1 9 ,0 1 0
1 ,1 5 6 ,0 0 9
3 65,650
55,080
1 ,0 0 6 ,6 4 0

00
00
00
00
00
25
00
00
00

$4,252,939 25

..................... ^ .-............... - ................... '
B anking bouse and lot, book value, $125,000; cost, $169,227.76;
actual cask v a lu e ...............................................................................
Other real estate, book value, $26,837.74; cost, $26,837.74;
actu al cash v a lu e ...................................................................................
Cask on deposit in banks or tru st com panies..................................
Cask on hand ..............................................................................................
T ota l o f collectible in terest...................................................................

4 ,2 5 2 ,9 3 9 25
125,000 00
2 6,837
883,521
51 ,49 5
9 1 ,45 4

74
84
06
76

$ 1 1 ,2 0 5 ,2 4 8 65
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P r in c i p a l ............................................................................................................. $9,9 1 1 ,9 8 2 94
D iv id e n d s c r e d ite d o r t o b e c r e d it e d f o r t h e s i x
m o n t h s e n d in g w i t h D e c e m b e r 31, 1916................................
180,722 11

------------------$ 1 0 ,0 9 2 ,7 0 5 05
Expenses incurred, but u npaid : A ccrued taxes on s u rp lu s ..
5 ,1 0 0 00
Surplus on m arket v a lu e.......................................................................
1 ,1 0 7 ,4 4 3 60

Surplus on par value, $1,159,404.35.

$ 1 1 ,2 0 5 ,2 4 8 65
..... —... ■ .
...

CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Cask on hand and in banks or tru st com panies January 1,
1916, b efore transactions o f tbe d a y ........... ................................
$843,396
F rom depositors, n ot in cluding dividends cred ited ....................... 3 ,2 5 3 ,1 8 6
F rom interest on loans, deposits and in vestm ents.................... *
476,074
From rents from other real esta te................................................. ....
444
F rom m ortgages .......................................................................................
96,025
F rom redemption o f stocks and bon d s................................................
1 65,600
F rom stocks and bonds sold ( tota l par value, $ 5 0 ,0 0 0 )...........
47 .81 2
From real estate s o ld ............................. - .......................................6 ,0 0 0 00
F rom all other sources, v iz .: Redem ption o f judgm ent against
State o f New Y o r k ........... ....................................................................
1 3 ,470




14
24
84
28
00
00
50

09

$ 4 ,9 0 2 ,0 0 9 09

K ings C o u n ty

143

PAYM ENTS

T o depositors, including dividends paid to th em ........................... $ 2 ,3 4 6 ,8 3 9
F o r loans on bonds and m ortga ges...................................................
789,925
758,949
F o r loans on stocks and bonds and other secu rities..................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
7 ,1 1 6
F o r current expenses o f the bank, v iz .;
F o r s a l a r i e s ............................. » ....................................................................
F o r t a x e s : B a n k i n g h o u s e , $ 2 ,5 8 3 .1 0 ; s u r p lu s , $9,773.16
F o r e x p e n se s, e x c e p t ta x e s , o f b a n k in g h o u s e :
R e p a i r s .........................................................................................................
I n s u r a n c e ..................................................................................................
F o r exp en ses o f o th e r rea l e sta te , v i z . :
R e p a i r s ..........................................................................................................
I n s u r a n c e ..................................................................................................
T a x e s .............................................................................................................
O t h e r .............................................................................................................

68
00
63
05

$38,406 00
12,356 26
425 16
56 96
342
18
373
4,342

37
32
63
23

5 6 ,3 2 0 93
F o r real estate acquired b y foreclosure, or in settlement o f
debts due the b a n k ............................................ ...................................
Other paym ents, v iz .: R epairs to real estate taken in fore­
closure
Cash on hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y ...............................................

2 ,9 1 9 72
4 ,8 71 18
935,016 90
$ 4 ,9 0 2 ,0 0 9 09

' S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts January 1, 1917......................................
20 ,32 4
Number o f accounts opened o r reopened during the y e a r .........
4 ,6 0 4
Num ber o f accounts closed during the y e a r .................................
2 ,8 32
A m ount deposited during the year, n ot in cluding dividends
credited fo r that p e riod ..................................................................... $ 3 ,2 5 3 ,1 8 6 24
2 ,3 4 6 ,8 8 0 68
A m ount w ithdraw n during the y e a r ...................................................
A m ount o f dividends credited and paid for the year, viz.:
J u l y 1 , 1916.........................................................................................................
J a n u a r y 1 , 1917................................................................................................

$169,553 40
180,722 11

A verage am ount o f each account January 1, 1917......................
R ate per cent, o f dividends to depositors during the six
m onths ending June 30, 1916..........................................................
R ate per eent. o f dividends to depositors during the six
m onths ending December 31, 1916.................................................
T ota l earnings o f the bank for the year 1916, after allow ing
fo r am ortization o f premiums and discou n ts...........................
T ota l expenses o f the bank fo r the year 1916........... .....................
Dividends paid to depositors for the year 1916...........................
N et earnings for the year 1916 over expenses and dividends
paid to dep ositors................................................................................




350.275 51
486 59
4
4
$480,792 59
57 ,69 4 68
350.275 51
7 2,822 40

144

R epoet o f S a vin g s B a n k s
49.

HAMBURG SAVINGS BANK, BROOKLYN
[1461 M y r t l e a v e n u e ;

D A V I D E N G E L . P r e s id e n t .
R O B E R T E . M G F F E T T , V lc e d P r e s .

In co rp o ra ted

1606]

N I C H O L A S A . S T E M M E R M A N N , V i e e -P r e s .
G E O . C . U N B B S C B E I D B N , S e c re ta ry .

TR U STE E S
D A V ID E N G E L ,
N. A . STEM M ERM ANN,
H . L . S C H E L L IN G ,
H E N R Y C. B O H A C K ,
A L B E R T L . L E V I,

THEODORE C. EPPIG,
H. J. HOLTERMANN,
CHAS. AICHMANN,

ROBERT E. MOFFETT,
W. P. BOGGS,
HENRY F. WAGNER,

E R N E S T A . F L E IS C H E R ,
O TTO SPAN G EN BERO .

F. AU G UST SCHUBM ANN,
G E O . C . U N B E S C H B ID E N .

F IN A N C IA L

RESOURCES
Bonds and m ortgages....................
Stock and bond investm ents, v iz .:

$ 1 ,3 6 2 ,5 5 0 00

Par
v a lu e

Stocks and bonds
S t a t e o f N e w M e x i c o ................
C it i e s In o t h e r S t a t e s ..............
C it i e s in t h i s S t a t e .....................
T o w n s i n t h i s S t a t e .....................
V i l l a g e s i n t h i s S t a t e ................
S c h o o l d is tr ic ts in t h is S ta te
R a ilr o a d m o r tg a g e b o n d s —

$15,000 00
77,400 00
266,388 86
88,500 00
123,220 00
62,750 00
69,000 00

$628,303 m

O r ig in a l
coa t

E s tim a te d
m a r k e t v a lu e

$16,291 83
79,807 59
266,361 00

36,432 39

$16,500 00

a), a s

m , 7i6
36,515

T
O
T
O
T
O

125,927 60
65,212,,35
56,208 76

127,914 60
65,181 00

03

$640,823 29

1635,241

53,180

T
O
640,823
237,205
8 ,0 0 2
16,571

Cash on deposit in banks or tru st com panies
Cask on b a n d ..............................................................
T o ta l o f collectible in terest.................................

29
09
17
17

$ 2 ,2 6 5 ,1 5 1 72
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P r in c i p a l .............................................................................................................
D iv id e n d s c r e d ite d o r t o b e c r e d it e d f o r t h e s i x
m o n t h s e n d in g w i t h D e c e m b e r a , ISIS................................

$2,168,714 65
88,439 18

— ------ —
$ 2 ,1 9 7 ,1 5 3 83
67,997 § 0
Surplus on m arket v a lu e ........... ...........................................................
$ 2 ,26 5 ,1 5 1 72
Surplus on par value, $55,377.96.
CASH TR A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

C ask on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y .............................................
F rom depositors, n ot including dividends cred ited ......................
F rom interest on loans, deposits and investm ents......................
F rom m ortga ges.........................................................................................
F rom redem ption o f stocks and b on d s............................................
F rom stocks and bonds sold (to ta l par value, $ 4 1 ,0 0 0 ).............
F rom a ll other .sources, v iz .: Redem ption o f judgm ents
against State o f N ew Y o r k ..............................................................




$185,223
1 ,0 0 4 ,9 9 5
92,286
2 3 ,3 5 0
37 ,13 6
43 ,87 5

31
60
37
00
67
00

4 ,9 3 7 63

$1,391,804 58

K ings C o u n ty

145

PA YM E N TS

T o depositors, in cluding dividends paid to th em .........................
F o r loans on bonds and m ortga ges........... J.....................................
F o r stocks and bonds purchased, including premiums, com mism issions, etc. (to ta l par value, ($ 2 4 1 ,0 4 0 )...............................
F o r interest { other than dividend paym ents to d e p o s ito r s ). . .
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or taxes : Banking house, {535J6; surplus, 9305.14..
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
F or rent o f banking room s..............................................
F or other expenses, n ot Including expenses o f other
real estate nor other expenses o f banking h ou se...

$639,648 65
2 4 2 ,8 0 0 00
251,953 79
3 ,0 88 97

{4,520 00
84050
82 99
1,500 00
2,212 42

----------- ------Cash on hand and in banks and tru st com panies December 31,
1916, after transactions o f the d a y .................................................

9 ,1 05 91
245,207 26
$ 1 ,3 9 1 ,8 0 4 58

S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accounts January 1, 1917......................................
7 ,8 9 8
N um ber o f accounts opened or reopened during the y e a r .........
2 ,1 4 2
Num ber o f accounts closed during the y e a r .................................
1,018
A m oun t deposited during the year, n ot including dividends
credited fo r th at p e rio d ................................. ................................... $ 1 ,0 0 4 ,9 9 5 60
A m oun t w ithdraw n du rin g the y e a r .................................................
639,648 65
A m oun t o f dividends credited and paid fo r the year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................

$34,326 25
38,439 18

-----------------A verage am ount o f each account January 1, 1917......................
R ate per cent, o f dividends to depositors during th e six
m onths ending June 30, 1916............................................ .............
R ate per cent, o f dividends to depositors du rin g the six
m o n th s en d in g D ecem b er 31, 1 9 1 6 ....................................................
T otal earnings of the bank fo r the year 1916, after allow in g
fo r am ortization o f premiums and discou nts...........................
T otal expenses o f the bank fo r the year 1916..................................
Dividends paid to depositors for the year 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors............................. ..................................................




72,765 43
278 19
4
4

$94,894 30
9 ,105 91
72,765 43
13,022 96

R eport on S avin g s R a n k s

146

50.

HOME SAVINGS BANK, BROOKLYN

[804 Manhattan av en u e; incorporated 1906]
M ARSH A LL W . GLEASON, President.
JOHN W. BURR, Vice-President.
LOUIS STERN, Vice-President.
V. M. POW ELL, Cashier.

TR U STE E S
M. W. GLEASON,
JOHN W . BURR,
H A R R Y A. JE W E LL ,
M ORRIS SALZMAN,
LOUIS STERN ,

OSCAR A . BOCH,
CHAS. F. B A LL,
CHAS. W. G R IF FIN ,
EDGAR H. HAZELW’ OOD,
EDW IN J. SU TPH IN .

THOM AS F. K ELLY,
J. R. HAZELW OOD,
M. H. CAVANAUGH,
GEORGE H. ROW E.

F IN A N C IA L
RESOURCES

Bonds and m ortgages..............................................................................
Stock and bond investm ents, viz. *
.

$402 500 00

P ar
O riginal
Estim ated
value
cost
market value
$67,500 00
$69,677 63
$70,80000
Cities in other States............
Cities in this State....................
16,300 00
16,696 01
16,88000
Counties in this S tate............
15,000 00
15,000 00
15,35000
T ow ns in this S ta te ...............
8,250 00
8,408 80
8,38500
V illages in this State..........
34,700 00
36,001 64
36,34000
School districts in this State
32,800 00
34,068 17
34,15200
S to c k s and b on d s

$181,907 00

J81 907 00

Cash on deposit in banks or tru st com panies...............................
Cash on h a n d ...............................................................................................
T o ta l o f collectible in terest................................................................
A m ount o f all oth er assets, v iz : V aults, furniture and
fixtures ....................................................................................................

55,368 85
2 ,4 3 8 72
5 ,3 45 13

$174,550 00

$179,852 25

3 ,0 0 0 00
$650,559 70

L IA B IL IT IE S

A m oun t due depositors, v iz .:
..

P rincipal ...............................................................................
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916........................

$617,458 98
11,170 11

-----------------Surplus on market v a lu e.........................................................................

'

$628,629 09
2 1 ,93 0 61
$650,559 70

Surplus on par value, $14,573.61.
C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................
F rom depositors, n ot in cluding dividends cred ited ....................
F rom interest on loans, deposits and in vestm ents......... .............
F rom m ortgages.........................................................................................
From redemption o f stocks and b on d s............................................
F rom stocks and bonds sold (to ta l par value, $ 3 3 ,7 5 0 }.........
From all other sources, v iz .: P rofit on bonds s o ld ....................

$52,986
2 8 8 ,7 6 0
29,601
1 0 ,W 0
9 ,2 5 0
3 5 ,6 9 4
365

10
01
53
00
00
21
29

$426,657 14
P AYM EN TS

T o depositors, including dividends paid to th em ...................... ..
F or loans on bonds and m ortga ges......................................................
F o r stocks and bonds purchased, including premiums, com m is­
sions, etc., (to ta l par value, $ 6 8 ,2 0 0 )..........................................




$226,285 13
6 4 ,8 0 0 W
70,855 39

147

K ings C o u n ty
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s : Surplus, $8.56..................................................
F or expenses, except taxes, o f banking b o u s e :
Other .......... ......................................................................
F or rent o f banking room s.................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

$880 12

$3,700 00
8 58
272 73
1,400 00
657 92

'
-----------------Other paym ents, v iz .: Interest to d ep o s ito r..................................
Cash on hand and in banks and trust com panies D ecem ber 31,
1916, after transactions o f the d a y ..............................................

6 ,0 3 9 21
972
57,807 57
$426,657 14

S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accounts January 1, 1917......................................
Num ber o f accounts opened or reopened during the y e a r ...........
N um ber o f accounts closed during the y e a r ...................................
A m ount deposited during the year, n ot including dividends
credited fo r th a t p e rio d ............................... *...................................
A m ount w ithdraw n during the y e a r ...................................................
A m oun t o f dividends credited and paid fo r the year, v iz .;
July 1, 1916..............................................................................
January 1, 1917........................................................................
Paid but n ot credited...........................................................

$ 2 88,760 01
226,285 13

$10,326 78
11,170 11
9 72

A verage am ount o f each account January 1, 1917.........................
R ate per cent, o f dividends to depositors during the six
m onths ending June 30, 1916..........................................................
R a te per cent, o f dividends to depositors du rin g the six
m onths ending December 31, 1916.................................................
T o ta l earnings o f the bank fo r the year 1916, after allow in g
fo r am ortization o f prem ium s and d iscou n ts.............................
T o ta l expenses o f th e hank fo r th e yea r 1916.............................
D ividends paid to depositors fo r th e year 1916...........................
N et earnings fo r th e year 1916 over expenses and dividends
pa id to dep ositors................................................................................




2 ,5 68
768
556

2 1 .5 0 6 61
244 79
4
4
$ 3 0 ,0 5 0 88
6 ,0 3 9 21
2 1 .50 6 61
2 ,5 0 5 06

148

R eport o f S avin g s B a n k s
51.

THE KINGS COUNTY SAVINGS INSTITUTION, BROOKLYN

[186 Broadway, corner B edford
H U B E R T G. TAYLOR, President.
A L F R E D HODGES, V ice-President.
J. C A R LISLE LOUDON, V ice-Pres.

a ven u e; incorporated I860]
JOH N g» M cK EO N, Secretory.
JACOB HEN TZ, Cashier.
M A RTIN M U LLER, A sst. Cashier.

T R U S T IE S
R O B E R T LIFT R O T T,
ED W AR D M cG ARVEY,
H U B E R T G. TAYLOR.
JACOB C. KLINCK,
A L F R E D HODGES,

AUGUSTUS P . DAY,
W A L T E R M ATH ISON,
W IL L IA M C. C A RRICK,
J. C A R LISL E LOUDON,

C. E . DONNELLON,
W . W IN TH R O P T A Y L O R ,
S. A. COYKENDALL,
JAS. R. BRENNAN,
CHAS. F . T U TTLE .

F IN A N C IA L
RESOURCES

Bonds a nd m ortga ges.........................
S tock and bond investm ents, v iz .:
P ar
value
State o f C alifornia...............
875,090 00
C ities in other S ta tes............ 1,326,000 00
Cities in this State................. 1,657,500 00
Counties in this S ta te..........
6 3 ,5 a 47
Villages in this State............
153,000 00
S ch o m d istricts in this State
88,000 00
R ailroad m ortgage bonds—
3,558,000 00
S to c k s and bonds

$6,821,033 47

$ 6 ,4 0 1 ,8 7 5 00
Original
Estimated
cost
m arket value
$73,635 25
f 7 « ,5 » 0 0
1,378,088 m
L 388,846 00
1,604,152 11
L 559,955 50
68,9812 62
65,204 13
159,671 47
163,760 00
88,477 62
89.420 00
3,753,104 80
3,464,410 00
$7,127,112 67

86,808,094 63

6 ,8 0 3 ,0 0 4 63
Banking bouse and lot, book value, $50,000; cost, $142,637;
actual cash v a lu e ..................................................................................
Other real estate, book value, $188,137.62; cost, $188,137.62;
actual cash v a lu e ..................................................................................

188,137 62

Cash on deposit in banks or trust companies.............. ...........

1,280,671 50

Cash on h an d .............................................................................................
T ota l o f collectible in terest...................................................................

34 ,02 9 93
126,111 46

5 0 ,0 0 0 00

$ 1 4 ,8 8 3 ,9 2 0 14
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal ..................................................................................$13,452,677 54
D ividends' credited or to be credited fo r the six
m onths ending w ith December 31, 1916........................
258,412 82

, —-------- --— $ 1 3 ,7 1 1 ,0 9 0 36
Surplus on m arket v a lu e.......................................................................
1 ,1 7 2 ,8 2 9 78
$ 1 4 ,8 8 3 ,9 2 0 14
Surplus on par value, $1,190,768.62,
CASH T R A N SA C T IO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................. $ 1 ,0 3 4 ,1 1 9 96
F rom depositors, n ot in cluding dividends cred ited ......................
2 ,5 1 7 ,4 0 1 30
F rom interest on loans, deposits and investm ents.................
638,776 86
F rom rents from banking h ou se..........................................................
770 00
F rom rents from other real esta te .....................................................
11,737 72
F ro m m ortga ges................................................... .....................................
134,176 00
F rom redem ption o f stocks and b on d s...............................................
390,200 0 0
F rom stocks and bonds sold .(tota l par value, $ 3 0 0 , 0 0 0 ) .. . . .
276,5 0 9 35
F rom real estate s o ld ..............................................
2 2 ,7 5 0 00




149

K ing s C o u n t y
F rom all other sources, v iz .;
Insurance premium advanced — refunded^
Deposit fo r fire lo ss........................................
R efund — fire insurance premium...............

$45 00
1,629 00
8 45

-----------

$ 1 ,68 2 45
$ 5 ,0 2 8 ,1 2 2 63

P AYM EN TS

T o depositors, including dividends paid to th em ......................... $ 2 ,3 9 1 ,0 5 4
F o r t o n s on bonds and m ortga ges.....................................................
2 3 3 ,7 0 0
F o r stocks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l par value, $1,006,(K )0).......................................
987,959
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
9 ,682
F o r cu rrent expenses o f the bank, v iz ,:
F or s a la r ie s ................................................................ ...........
F or t a x e s : Banking house, $1,455.44; surplus, $8,747.68
F or expenses, except taxes, o f banking h o u se :
R epairs ..............................................................................
In s u r a n c e ..........................................................................
F or expenses o f other real estate, v i z .:
. R e p a ir s ..............................................................................
I n s u r a n c e .........................................................................
T a x e s ..................................................................................
O t h e r ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

59
00
37
98

$38,098 33
10,208 12
65 26
1,015 14
3,180
480
4,347
2,250

76
46
35
91

5,148 09

-------------------------------------- 64 ,76 9 42
F o r real estate acquired b y foreclosure, or in settlement o f
debts due the b a n k .............................................................................
2 2 ,5 0 0 00
Other paym ents, v iz ,:
F oreclosure expenses and taxes........................................
Commission — sale o f real estate.....................................
Insurance premium advanced............................................
D eposit fo r fire loss returned............................................

$1,822
283
20
1,629

84
00
00
00

3 ,7 5 4 84
Cash on hand and in banks and trust com panies December 31,
1916, a fter transactions o f the d a y .................................................

1 ,3 1 4 ,7 0 1 43
$ 5 ,0 2 8 ,1 2 2 63

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917......................................
14,464
Num ber o f accounts opened or reopened during the y e a r .........
1,528
Number o f accounts closed du rin g the y e a r ......................................
1,272
A m oun t deposited durin g the year, n o t including dividends
credited fo r th a t p e riod .................................................................... $ 2 ,51 7 ,4 0 1 30
2 ,3 9 1 ,0 5 4 59
A m ount w ithdraw n during the y e a r .................................................
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1916...............................................................................
January 1, 1917........................................................................

$251,520 71
258,412 82

A verage am ount o f each account January 1, 1917.......................
R ate per cent, o f dividends t o depositors during the six
m onths ending June 30, 1916..........................................................
R ate per cent, o f dividends to depositors during th e six
m onths ending Decem ber 31, 1916.................................................
T ota l earnings of the bank fo r the year 1916, a fter allow in g
for am ortization o f premiums and d iscou n ts.............................
T o ta l expenses o f the bank fo r the year 1916...............................
D ividends paid t o depositors fo r th e year 1916......... ...............
N et earnings fo r th e year 191$ over expenses and dividends
paid t o dep ositors................................................................................




509.933 53
947 94
4
4
$640,539 53
6 4 ,76 9 42
509.933 53
6 5 ,83 6 53

150

R eport on S avin g s B a n k s
52.

P R U D E N T IA L SA V IN G S B A N K , BRO O K LYN

[B roadw ay and Vernon av en u e; incorporated 1908]
D IE T R IC H W . K A A T ZE , President.
L E W IS C. GEHRING. Treasurer.
JOHN AU ER, S r ., Vice-President.
H OLLIS H. SE A RLE S, CasMer.
JOHN H. S C A N N iL L , Vice-President.
LOUIS P . BUCK, A ssistant Cashier.

TR U STE E S
D IE T R IC H W. K A A TZE ,
JOHN AU ER, SB..
JOHN H. SCHANNELL,
H E R B E R T A. O’B R IE N ,
FRAN CIS B. MULLIN,
HOLLIS H. SEARLES,
LOUIS P . BUCK,

CHARLES W ISSM AN,
B. P. VAN BENTHUYSEN.
A L FR E D E. PECK ,
M ANASSEH M ILLE R ,
AU GU ST HASENFLUG,
CIIAS. VOLLM ER,

R OBERT W . M ARTIN,
WM. J. E L LIO TT,
JOS. VOLLKOMM ER,
WM. H. FRANK,
THOS. H. IRELAN D,
GEORGE P. BUSCH,
L E W IS C. GEHRING.

F IN A N C IA L
RESOURCES

Bonds and m ortgages.............................................................................. $ 1 ,8 4 2 ,1 0 0 00
Stock and bond investm ents, v iz .:
P ar
value
$10,800
169,000
44,611
97,950
172,915
299,000

S to c k s and b on d s

State o f Oklahoma...................
Cities in other States............
Cities in this State.................
T ow ns in this State..............
Villages in this State............
R ailroad mortgage bon ds—

00
00
32
00
72
00

$794,277 04

Original
Estimated
cost
m arket value
$10,883 41
$11,12400
177,057 65
179,68000
44,694 65
45,92266
102,932 69
104.79250
175,538 05
178,89395
297,654 53
299,51000
$808,760 98

$819,923 11

—
....... —
........ ... ..............
Other real estate, book value, $49,572.93 ; cost, $49,572.93;
actual cash v a lu e ..................................................................................
Cash on deposit in banks or trust com panies....................................
Cash on h a n d ..............................................................................................
T otal o f collectible in terest...................................................................
A m ount o f all other assets, v iz .: Interest accrued on land
c o n t r a c t .....................................................................................................

819,923 11
49 ,57 2
264,9 6 8
29 ,88 9
2 3 ,5 0 0

93
54
94
97

238 25
$ 3 ,0 3 0 ,1 9 3 74

L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal .................................................................................. $2,884,001 47
Dividends credited o r to be credited fo r tbe six
m onths ending w ith December 31, 1916........................
51,106 99

------------------ $ 2 ,9 3 5 ,1 0 8 46
Other liabilities, v iz .: D eposit on account o f real estate sold
on con tract .............................................................................................
1,225 00
Surplus on market v a lu e......................................................................
93 ,86 0 28
$ 3 ,0 3 0 ,1 9 3 74
Surplus on par value, $68,214.21.
CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
before transactions o f the d a y ..........................................................
F rom depositors, n ot in cluding dividends cred ited ......................
F rom interest on loans, deposits and investm ents....................
F rom rents from other real esta te.....................................................
F rom m ortgages........................................................................................
F rom redemption o f stocks and b on d s...............................................
F rom stocks and bonds sold (to ta l par value, $ 4 5 ,5 0 0 )...........
F rom loans p a id .........................................................................................
From real estate s o ld ................................................................................




$248,412
1 ,3 2 8 ,3 6 6
136,555
2 ,2 6 4
5 6,125
36 ,20 3
46 ,94 3
1 ,085
4 ,2 9 9

39
33
60
50
00
31
92
00
53

151

K ings C o u n ty
F rom all other sources, v iz .:
Redemption — New York State canal claim s...............
Exchange and telephone......................................................
Profit on bonds sold ..............................................................
Profit on real estate sold ....................................................
Insurance premium advanced — repaid.........................
From receiver o f foreclosed real estate........................
Deposit on real estate sold ..............................................
Interest credited but not paid..........................................

$4,864 92
7 28
497 64
47
62 85
228 75
1,225 (X
)
3 50

------------------

$ 6 ,8 9 0 41
$ 1 ,8 6 7 ,1 4 5 99

P AYM EN TS

= = = = = =

T o depositors, including dividends paid to th em .........................
F o r loans on bonds and m ortga ges...................................................
F or loans on stocks and bonds and other securities................
F o r stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l par value, $ 2 6 0 ,0 0 0 )..........................................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s : Surplus ...........................................................
F or expenses, except taxes, o f banking h o u se :
R e p a ir s ..............................................................................
In s u r a n c e ..........................................................................
O t h e r ..................................................................................
F or rent o f banking room s.................................................
F or expenses o f other real estate, v i z .:
R e p a ir s ..............................................................................
Insurance .........................................................................
Taxes .................................................................................
O t h e r ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$838,627 17
4 1 5 ,5 5 0 00
1,085 00
267,306 55
2 ,9 7 4 63

$7,470 00
546 30
118
88
675
7,200

75
45
72
00

610
45
471
281

28
69
91
60

1,540 87

-------------------------------------- 19,044 57
F or real estate acquired by foreclosure, or in settlement o f
debts due the b a n k ........................................................
22,541 04
Other paym ents v iz .:
Paid on account o f organization and interest............
Insurance premium advanced............................................

5,095 70
62 85

-------------------------------------- 5 ,1 58 55
Cash on hand and in banks and tru st com panies December 31,
1916, a fter transactions o f the d a y ...............................................
294,858 48
$ 1 ,8 6 7 ,1 4 5 99
S T A T IS T IC A L IN F O R M A T IO N
= = = = = = := =
Number o f open accounts January 1, 1917......................................
8 ,147
N um ber o f accounts opened or reopened durin g the y e a r ...........
2,4 33
Num ber o f accounts elosed du rin g the y e a r .................................
1,073
A m ount deposited during the year, n ot in cluding dividends
credited fo r that p e riod ..................................................................... $ 1 ,3 2 8 ,3 6 6 33
A m ount w ithdraw n du rin g the y e a r ................................................
838,627 17
A m ount o f dividends credited and paid for the year, v iz .:
July 1. 1916................................................................................
January 1, 1917........................................................................

$46,003 42
51,106 99

-------------------------------------- 97,110 41
A verage am ount o f each account January 1, 1917.........................
323 07
R ate per cent, o f dividends to depositors during the six
m onths ending June 30, 1916..........................................................
4
R ate per cent, o f dividends to depositors during the six
m onths ending Decem ber 31, 1916.................................................
4
T otal earnings o f the bank for the year 1916, after -allowing
fo r am ortization o f prem ium s and discou n ts................................
$139,892 80
T ota l expenses o f the hank fo r th e year 1916............................
19,044 57
D ividends paid to depositors fo r the year 1916........... . . ...........
97 ,11 0 41
N e t earnings fo r the year 1916 over expenses and dividends
paid t o dep ositors................................................................................
23 ,73 7 82




R eport o n S avin g s B a n k s

152

53.

THE SOUTH BROOKLYN SAVINGS INSTITUTION, BROOKLYN

[160—
162 A tla n tic av e n u e ; Incorporated 1850]
W IL L IA M J. COOMBS, President.
C. S. DUNNING, Treaanrer.
W A L T E R M. AIRM AN , V ice-President.
JACOB ST EIN E R , Com ptroller.
ALBRO J. NEWTON, Vice-President.
BERN ARD A . BURGEE, Secretary.
JOHN J. PIE RR E PO N T, Vice-President

TR U STE E S
W A L T E R M. A IR M A N ,
C H ARLES A . BOODY,
JO SE P H B, BROWN,
W IL L IA M J. COOM&S,
ISA A C H. CARY,
CH A R LE S B. DENNY,
CLARENCE S. DUNNING,
J. W ARREN GREEN,
J. MORTON H ALSTEAD,

A R T H U R M. H ATCH,
PE RC Y S. M A LLE TT,
E DGAR MCDONALD,
ALBR O J. NEWTON.
W IL L IA M L. NEWTON,
JOHN J. P IE RR E PO N T,
ROBT. L. P IE RR E PO N T,
JACOB S T E IN E R ,

JOSEPH H. SUTPH IN,
H EN RY N. W H ITN E Y ,
W IL L IA M H. CARY,
D. IR V IN G M EAD,
AR N O LD W . SHERM AN,
BERN ARD A . BURGER,
JG SIA H O. LOW,
H IR A M B. STEELE,
JOSEPH W . GREENE, J b .

F IN A N C IA L
RESOURCES

Bonds Mid m ortgages................................................................................ $ 1 1 ,5 8 3 ,5 6 0 00
Stock and bond investm ents, v iz .:
P ar
Stocks and bonds
value
State o f New Y ork .................
$400,000 00
275,000 00
State o f M aryland.................
State o f M issouri....................
110,000 00
State o f Tennessee.................
200,000 00
C ities in other States............ 3,033,420 00
Cities in this State............... 5,193,800 00
Counties in this S tate..........
446,600 00
Tow ns in this State..............
19,000 00
V illages in this State..............
125,000 00
School districts in this State
39,000 00
R ailroad m ortgage b o n d s .... 4,696,500 00

Original
Estim ated
cost
m arket value
$415,562 50
$427,000 00
274,425 00
275,750 00
107,346 02
109,790 00
199,625 76
a il, 900 00
3,134,111 87
3,007,492 40
5,346,161 96
5,233,038 50
460,063 48
461,755 00
19,997 60
19,000 00
129,363 80
129,100 00
40,4® 45
40,530 00
4,936,678 11
4,284,980 00

$14,538,220 00 $15,062,825 45 $14,270,336 90

. 1 4 ,27 0 ,3 3 5
—
—
——
=—
Banking house and lot, book value, $75,000; cost, $198,000,
7 5 ,0 0 0
actual cash v a lu e ......... .........................................................................
Other real estate, book value, $242,750; eosfc, $202,750.30;
actual cash v a lu e ..................................................................................
2 4 2 ,7 5 0
Cash on deposit in banks o r tru st com panies............................. .... 1 ,9 4 0 ,1 7 3
Cash on h a n d .............................................................................................
7 7 ,02 5
T ota l o f collectible in terest...................................................................
339,317

90
00
00
54
30
95

$ 2 8 ,5 2 8 ,1 6 2 69
L IA B IL IT IE S

A m ount due depositors, v iz .:
P r in c ip a l..........................., ..................................................... $24,720,205 63
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1916........................
467,248 11

------------------ $ 2 5 ,1 8 7 ,4 5 3 74
Surplus on m arket v a lu e .......................................................................
3 ,3 4 0 ,7 0 8 95
$ 2 8 ,5 2 8 ,1 6 2 69
Surplus on par value, $3,608,593.05,
CASH T R A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f th e d a y ............................................. $ 2 ,7 2 9 ,6 0 5
F rom depositors, n o t in cluding dividends cred ited ....................... 5 ,7 3 0 ,0 5 5
From interest cm loans, deposits and investm ents......................... 1 ,1 8 9 ,9 7 1
F rom rents from banking h ou se..........................................................
902




49
03
97
00

153

K ing s C o u n t y
F rom
F rom
From
F rom
F rom

$18,387
573,5 9 0
627,950
4 ,5 0 0

rents from other real esta te____
m ortga ges............................................
redemption, o f stocks and bonds
real estate s o ld ...............................
a ll other sourees, v iz .:

Cash over (teEer’s ) ..............................................................
P rofit on sale o f other real estate..................................
D eposit forfeited — land con tra ct.....................................

55
00
00
00'

$145 00
600 00
150 00

795 00
$ 1 0 ,8 7 5 ,8 7 7 04
P AYM EN TS

$ 4 ,9 9 5 ,3 5 1
T o depositors, in cluding dividends paid to them .
F o r loans on bonds and m ortga ges...........................
261,350
F o r stocks and bonds purchased, in cluding premiums, com m is­
3 ,4 5 4 ,8 7 6
sions, etc. (to ta l par value, $3,39 6 ,3 0 0 )......................................
26,927
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
F o r cu rrent expenses o f the hank, v iz .:
F or salaries ...........................................................................
F or t a x e s : Banking house, $1,566.38; surplus, $27,411.47
F o r expenses, except taxes, o f banking h o u se :
R e p a ir s ..............................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
R e p a ir s ..............................................................................
Insurance ..........................................................................
Taxes .................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se...

42
00
21
68

$58,300 00
28,977 85
700 61

4,208 m
5,546
358
6,064
1,930

09
49
98
80

9,748 36

115,835 74
F o r real estate acquired b y . foreclosure, or in settlem ent of
debts due the b a n k ................................................................................
Other paym ents, v iz .:
F ire insurance, p a id ............................................................ .
Cash short (teEer’s ) ...........................................................205 00

4 ,1 1 9 35

$12 80

-----------------Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ............................... ...............

217 SO
2 ,0 1 7 ,1 9 8 84
$ 1 0 ,8 7 5 ,8 7 7 04

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917......................................
37,643
Num ber o f accounts opened or reopened during the y e a r ...........
6 ,6 89
Num ber o f accounts closed during the y e a r .................................
5 ,142
A m ount deposited during the year, n o t in cluding dividends
credited fo r th at p e riod ..................................................................... $ 5 ,7 3 0 ,0 5 5 03
A m ount w ithdraw n during the y e a r ................................................. 4 ,9 9 5 ,3 5 1 42
A m oun t o f dividends credited and paid fo r the year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................

$450,654 73
467,248 11

A verage am ount o f each account January 1, 1917....................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916................................................................
T o ta l earnings o f the bank fo r the year 1916, a fter a llow in g
f o r am ortization o f prem ium s and discou n ts.........................
T o ta l expenses o f the bank fo r the year 1916...............................
D ividends paid to dep ositors fo r the year 1916...........................
N et earnings fo r th e year 1916 over expenses and dividends
p a id to dep ositors................................................................................




917.902 84
669 11
4
4
$1,205,415 58
134,760 95
917.902 84

152,751 79

154

R eport on S a vin g s B a n k s
54.

SU M N ER SA V IN G S B A N K , BRO O K LYN

[12 Graham aven ue; Incorporated 1906]
AR TH U R S. SOMERS, President.
NATHAN S. JONAS, Vice-President.
GEORGE FR E IF E L D , Vice-President.
W ALLACE L. CONNER, Secretary.

T R U S T IE S
GEORGE FR E IF E L D .
NATHAN S. JONAS,
R A LP H JONAS,
ED W AR D LAZAN SKY,
BEN. LEVY,
CHAS. LYON,
M ATTHEW T. M EAGHER,
S. B. KRAUS,

HENRY NEWMAN.
HENRY ROTH,
ARTH U R S. SOMERS,
VICTOR B. W OLF,
MOSES BERN STEIN ,
C ARL BAUER.
C H ARLES A. GORMAN,

W A L T E R GRETSCH,
JOHN B. PECK.
JOHN D. H. SCHULZ,
EUGENE T. TROTTE R ,
E. S. POW ELL, JR.,
LOUIS C H ARLES W ILLS,
GEORGE W. BAKER.

F IN A N C IA L
RESOURCES

Bonds and m ortgages....................
Stock and bond investm ents, v iz .:

$586,350 00

value
$5,000 00
98,000 00
264,000 00

S to c k s an d bonds

State o f New Y ork.................
Cities in this State.................
Railroad mortgage bonds___

$367, W0 00

Original
Estimated
eost
market value
$5, WO 00
$5,300 00
99,270 00
95,186 87
240,136 25
236,190 00
$340,373 12

$340,760 00

340,760
95,539
22 ,69 6
8 ,3 1 0

Cash on deposit in .ban ks or trust com panies
Cash on h an d............................................................
T ota l o f collectible in terest...............................

00
19
71
75

$ 1 ,0 5 3 ,6 5 6 59
L IA B IL IT IE S

A m oun t due depositors, v iz .:
Principal .................................................................................
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1916........................

$998,775 86
16,873 25

---------- — $ 1 ,0 1 5 ,6 4 9 11
Surplus on market v a lu e .......................................................................
38 ,00 7 48
$ 1 ,0 5 3 ,6 5 6 59
Surplus on par value, $64,247.48.
CASH T R A N SA C TIO N S D U R IN G T H E Y E A R

1916

R E C E IP T S

Cash on hand and in banks o r tru st com panies January 1,
1916, before transactions o f the d a y .............................................
F rom depositors, n ot including dividends cred ited ....................
F rom interest on loans, deposits and investm ents......................
F rom rents from banking h ou se..........................................................
F rom m ortgages ........................................................................................
F rom stocks and bonds sold (to ta l par value $ 1 5 ,0 0 0 )...........
From real estate s o ld ................................................................................
From all other sources, v iz .:
Redemption o f judgm ents against State o f New York
Insurance premiums refunded............................................
Contributions by trustees............................................. —




$8,435 40
43 W
9,000 00

$ 85,393
508,905
4 2 ,6 0 4
45b
6 ,2 5 0
13,443
4 ,4 5 0

94
28
90
00
00
75
00

17,478 43
$678,976 30

155

K ings C o u n t y
PAYM EN TS

T o depositors, including dividends paid to th em ........................
F o r loans on bonds and m ortgages...................................................
F o r stocks and bonds purchased, including premiums, com ­
m issions, etc. (to ta l pa r value, $ 7 4 ,0 0 0 )....................................
F o r interest (other than dividend paym ents to d e p o s ito r s )..
F or current expenses o f the bank, viz.:
F or salaries ............................................................................
F or expenses, except taxes, o f banking h o u se :
R e p a ir s ..............................................
I n s u r a n c e .................................................
F or rent o f banking room s...............................................
F or expenses o f other real estate, v i z .:
R e p a ir s ..............................................................................
In s u r a n c e ..........................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$342,169 43
140,150 00
66,278 75
2 ,0 7 7 16

$3,998 94
383 74
18 20
2,500 00
16 00
40 50
2,475 71

-----------------F o r real estate acquired b y foreclosure, or in settlement o f
debts due th e b a n k ..............................................................................
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ...............................................

9 ,4 31 09
634 03
118,235 84
$678,976 30

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917..................................
Number o f accounts opened or reopened du rin g the y e a r ___
N um ber o f accounts closed during the y e a r .................................
A m ount deposited during the year, n ot in cluding dividends
credited fo r that p e rio d .....................................................................
Am ount w ithdraw n during the y e a r .................................................
Am ount o f dividends credited and paid for the year, viz.:
July 1, 1916..............................................................................
January 1, 1917........................................................................

$508,905 28
3 42,169 43

$15,733 93
16,873 25

Average am ount o f each account January 1, 1917....................
R a te per cent, o f dividends to depositors during the six months
ending June 39, 1916...........................................................................
R a te per cent, o f dividends to depositors during the six months
ending December 31, 1916................................................................
T ota l earnings o f the bank fo r the year 1916, after allow in g
fo r am ortization o f premiums and d iscou n ts.............................
T ota l expenses o f the bank for the year 1916.............................
D ividends paid to depositors for the year 1916.........................
N et earnings fo r the year 1916 over expenses and dividends
paid to depositors ................................................................................




3 ,4 6 4
1,485
773

32.607 18
293* 20
4
4
$45,1 0 0 88
9 ,431 09
32.607 18
3 ,0 62 61

156

R eport on S avin g s B a n k s
55.

THE WILLIAMSBUHGH SAVINGS BANK, BROOKLYN

[175 B ro a d w a y ; incorporated 1851]
A N D R E W D . BA IR D , President.
E D W AR D T . H ORW ILL, Secretary.
SAM UEL M. M E EK ER , Viee-Pres.
C H ARLES J. PA SF IE L D , Cashier.
JOHN V. JE W E LL, Vice-President.
H EN RY R. K IN SE Y, A sst. C om ptroller.
V IC TO R A. LERSN ER, Comptroller.

TR U ST E E S
B R A IN AR D 0 . L A TIM E R ,
AN DREW D. B A IR D ,
SAMUEL M. M EEK ER,
JAM ES H. POST,
JAS. F. BENDERNAOEL,

EDW ARD T . H ORW ILL,
A L FR E D ROMER,
W ELDIN G RING,
H E R B E R T F . GUNNISON,
JOHN V . JE W E LL ,
FR AN C IS W. YOOTG.

PA U L E. BONNER,
E D W AR D E. PE ARCE,
A L B E R T S. RICHEY,
R A LP H H. TIBBO UT,
W IN T H R O P M. T U TT L E ,

F IN A N C IA L
RESOURCES
Bonds and m ortgages ......................
Stock and bond investm ents, v iz .:
S to c k s and 'bonds
value
State o f New Y ork................... $1,684,000 00
State o f A rizona......................
100,000 00
State o f M assachusetts.........
429,M0 M
State o f New M ex ico..............
219,000 00
46,200 M
State o f Oklahoma.................
State o f Tennessee...................
685,000 00
S ta te o f U tah...........................
1M.080 00
C ities in other State.............. 14,104,500 00
Cities in this S tate............... 16,874,293 25
Counties in this S tate..........
361,075 00
T ow ns in this S tate...............
272,006 00
137,000 00
Villages in this S tate..............
School districts in this State
85,800 00
R ailroad m ortgage bonds—
4,801,968 00

Original

cost

$1,717,136 82

101, 0® 00

450,303 46
226.759 79
46,835 99
667,967 96
103.760 00
14,816,214 68
17, 989,568 93
373,647 90
281,609 39
140,829 18
89,085 90
5,128,1® 99

$ 4 5 ,1 8 8 ,0 7 5 00
Estimated:
m arket value
$1,700,470 00
105.000 00
414,830 00
242,520 00
47,586 00
703,200 00
106.000 00
14,767,521 00
16,847,279 71
372.497 25
287,220 00
142,890 00
88,920 00
4,807,309 28

$39,329,536 25 $42,132,962 89 $40,642,243 24

= = - " - ..... ■
..
............ ............
4 0 ,6 4 2 ,2 4 3 24
Banking house and lot, book value, $250,000; cost, $689,000;
actual cash value
...........................................................................
2 5 0 ,0 0 0 00
Other real estate, book value, $41,698.25; cost, $41,698.25;
4 1,698 25
actual cash, v a lu e ..................................................................................
Cash on deposit in banks or tru st c o m p a n ie s ..........................
4 ,4 1 9 ,7 1 9 27
Cash on hand .............................................................................................
402,967 43
T o ta l o f collectible in terest...................................................................
7 94,574 65
A m ount o f a ll other assets, v iz .: Insurance on bonds and
m o rtg a g e s...................................................................................................
2 ,591 42
$ 9 1 ,7 4 1 ,8 6 9 26
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P r in c ip a l.................................................................................. $77,965,801 37
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1916........................ 1,481,835 M

------------------ 7 9 ,4 4 7 ,6 3 6 37
Surplus on market v a lu e ....................................................................... 1 2 ,29 4 ,2 3 2 89
$ 9 1 ,7 4 1 ,8 8 9 26
Surplus on par value, $10,981,525.90.
CASH T R A N SA C TIO N S D U R IN G T H E Y E A R

1916

R E C E IPTS

Cash on hand and in banks or tru st com panies Janu ary 1,
1916, before transactions o f the d a y ............................................ $ 4 ,8 5 4 ,1 1 9
F rom depositors, n ot in cluding dividends cred ited ................... 1 7 ,7 0 2 ,6 0 4
F rom interest on loans, deposits and investm ents..................... 3 ,9 3 6 ,8 6 0
F rom rents from other real esta te....................................................
1 ,2 19




57
69
72
51

157

K ings C o u n ty
F rom
F rom
F rom
F rom
F rom

m ortgages ............................................................................
redem ption o f stocks and b on d s....................................
stocks and bonds sold (to ta l par value, $460,000)
real estate sold ..................................................................
a ll other sources, v iz .:

Insurance on bonds and m ortgagee................................
Inspection o f m ortgage loan s............................................
Deficiency judgm ent .............................................................
Redem ption judgm ent against the State o f New York

$>,628
1,920
699
4,544

$ 1 ,2 1 7 ,1 2 5
446,533
453,8 9 5
6 ,3 92

00
11
01
88

92
00
00
99

13,692 01
$ 2 8 ,6 3 2 ,4 4 3 40
PAYM EN TS

T o depositors, in cluding dividends paid to th em ...................... $15,500,801 22
F o r loans on bonds and m ortga ges.................................................
3 ,5 1 1 ,5 5 0 00
F or stocks and bonds purchased, in cluding premiums, com ­
m issions, etc, (to ta l par value, $ 4 ,41 3 ,9 6 8 )...............................
4 ,4 7 7 ,6 9 5 19
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). .
35,901 42
F o r cu rrent expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s :
Banking house, 18,042 25; surplus,
$91,343.76 ................................................................................
F or expenses, except taxes, o f banking h ou se:
Repairs ..............................................................................
O t h e r ................. ................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes .................................................................................
F or other expenses, not ineluding expenses o f other
real estate nor other expenses o f banking house___

$119,307 82
99,386 01
4,645 48
4,287 70
1,282 99
9 38
612 88
41,907 98

271,4 4 0 22
F o r real estate acquired by foreclosure, or in settlement o f
debts due the b a n k ................................................................................
Other paym ents, viz.:
Insurance on bonds and m ortgages..................................
Cash short ...............................................................................

4 ,961 07

$7,309 51
98 07

7 ,4 0 7 58
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y .............................................

4 ,8 2 2 ,6 8 6 70
$ 2 8 ,6 3 2 ,4 4 3 40

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts Janu ary 1, 1917......................................
113,533
Num ber o f accounts opened or reopened du rin g the y e a r . . . .
15,875
Num ber o f accounts ©loaed d u rin g the y e a r ..................................
11,990
A m ount deposited during th e year, n ot in cluding dividends
c r e a t e d fo r th at p e rio d ....................................................................... $ 1 7 ,7 0 2 ,6 0 4 69
A m oun t w ithdraw n du rin g th e y e a r ................................................. 1 5 ,5 0 0 ,8 0 1 22
A m ou n t o f dividends credited and pa id fo r the year, v iz .:
Ju ly 1, 1916...............................................................................$1,431,258 19
January 1, 1917....................................................................... 1,481,835 00

------------------ 2 ,9 1 3 ,0 9 3 19
71 7 ,5 6
A verage am ount o f each aeeount Janu ary 1, 1917....................
R a te per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
4
R a te per cent, o f dividends to depositors during the six months
ending December 31, 1916................................................................
4
T o ta l earnings o f the bank fo r the yea r 1916, after a llow in g
fo r am ortization o f premiums and discou n ts............................ $ 3 ,8 5 8 ,1 3 0 28
T o ta l expenses o f the bank fo r the year 1916...........................
274,5 2 8 72
D ividends paid to d ep ositors fo r the year 1 9 1 6 . . . . . . . .........
2 ,9 1 3 ,0 9 3 19
N et earnings fo r th e year 1916 over expenses and dividends
paid t o d e p o s it o r s ................................................................................
®?0r5O8 37




MADISON COUNTY
56.

O N EID A SA V IN G S B A N K , O NEID A

[103-105 Main stre e t; incorporated 1866]
R. B. DOWNING, President.
IR A L. SNELL, Vice-President.
E. E. COON, V ice-President.
H. L. B A LD W IN , Treasurer.

TR U STE E S
ROSW ELL B. DOWNING, LE GRAND COLTON,
EUGENE E. COON,
E. LELAND -HUNT,
IR A L. SN ELL,
H. W. COLEY,
THEO. P. HAND, J b .,
JOHN W , GREGG,
HOLTON V. NOYES,

GEO. A . M ABCELLUS,
ANTHONY B. MUNROE,
H OW ARD L. BALD W IN ,
RHODY TOHER,
F R E D E R IC K A. GARVIN.

F IN A N C IA L
RESOURCES

Bonds and m ortgages................................................................................ $ 2 ,1 1 3 ,4 9 3 85
Stock and bond investm ents, v iz .:
P ar
S to c k s and b on d s
value
Cities in other States................
260,00000
420,31697
Cities in this State....................
Counties in this State..........
152,000 00
Tow ns in this S tate..............
17,400 00
V illages in this S tate.................
142,80000
School districts in this State
83,875 00
R ailroad m ortgage bonds—
444,00000
$1,520,391 97

Original
Estimated
cost
market value
$266,093 95
$263,58000
435,042 29
426,51697
154,542 73
153,13000
17,593 60
17,33000
145,611 84
144,55200
87,619 04
86,33875
455,139 25
390,80000
$1,561,642 70

$1,482,247 72

= —
—
..-...... *
Banking house and lot, book value, $28,000; cost, $54,351.60;
actual cask v a lu e ....................................................................................
Other real estate, book value, $9,834.53; cost, $9,834.53;
actual cash v a lu e .....................................................................................
Cash on deposit in banks or trust com panies................................
Cash on h an d................................................................................................
T ota l o f collectible in terest......................................................................
A m ount o f all other assets, v iz .:
Land contracts ......................................................................
Insurance premiums and taxes advanced....................

1 ,4 82 ,2 4 7 72
2 8 ,0 0 0 00
9 ,8 3 4
463,253
22 ,83 7
68,157

53
03
15
27

$11,732 50
705 70

-------------------------------------- 12,438 20
$ 4 ,2 0 0 ,2 6 1 75
L IA B IL IT IE S

1
.......- ..... ......... 1
------

A m ount due depositors, v iz .:
P r in c ip a l..................................................................................$3,776,576 54
Dividends credited or to be credited fo r the six
m onths ending w ith December 31. 1916........................
72,220 54

------------------ $ 3 ,8 4 8 ,7 9 7 08
Other liabilities, v iz .: M ortgage suspense......................................
738 78
Surplus on m arket v a lu e .........................................................................
350,725 89
$ 4 ,2 0 0 ,2 6 1 75
-"■===.= = = = = = = :

Surplus on par value, $388,870.14.
CASH T R A N SA C TIO N S D U R IN G T H E Y E A R

1916

R E C E IPTS

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................
F rom depositors, n ot in cluding dividends cred ited ....................
F rom interest on loans, deposits and investm ents.........................
F rom rents from banking h ou se........................................................
F rom m ortgages .............................................................................. ..
F rom redemption o f stocks and b on d s...............................................
F rom stocks and bonds sold (to ta l par value, $ 1 6 ,1 0 0 )............
F rom real estate s o ld ..............................................................................




[158]

$274,978
988,017
176,933
621
2 0 3 ,0 1 6
4 7 ,3 8 2
15,183
9 ,3 0 6

14
89
71
96
88
56
91
33

M adison - C o u n ty

159

F rom a ll other sources, v iz .:
Land c o n t r a c t s ......................................................................
Insurance premium and taxes advanced — refu n ded ..
Suspense account .................................................................
M ortgage suspense accou n t..................................................
Profit and lo ss........................................................................

$266 50
2,64768
10,592 48
5,757 61
56 27

------------------

$19,320 54
$ 1 ,7 3 4 ,7 6 1 92

PAYM EN TS

T o depositors, including dividends paid to th em ......................
F o r loans on bonds and m ortga ges...................................................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ).
F o r cu rrent expenses o f the bank, v iz .:

$846,534 34
349,711 62
91 84

F or salaries .................................................................................... $7,530 00
F or taxes : Banking house, $944.52; surplus, $2,963.50;
.
on m ortgages, $41.50............................................................
3,949 52
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
327 58
Insurance ..........................................................................
188 15
Other .................................................................................
1,056 77
F or expenses o f other real estate, v i z .:
R e p a ir s ..............................................................................
12 66
In s u r a n c e ..........................................................................
6 00
Taxes .................................................................................
261 42
O t h e r ........................
7 39
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...
1,683 44

-----------------F o r real estate acquired by foreclosure, or in settlement o f
debts due the b a n k .........................................................
Other paym ents, viz.:
Insurance premium and taxes advanced..........................
Suspense account .................................................
M ortgage suspense accoun t.................................................
Land contracts ......................................................................

$1,995
10,547
5,297
2,980

15,022 93
16,489 86

84
98
33
00

-------------------------------------- 20,821 15
Cash in hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y ...............................................
486,090 18
$ 1 ,7 3 4 ,7 6 1 92
S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917......................................
N um ber o f accounts opened or reopened during the y e a r ___
Num ber o f accounts closed during the y e a r .................................
A m ount deposited during the year, n ot including dividends
credited for that p e rio d .......................................................................
A m ount w ithdraw n during the y e a r ...................................................
A m ount o f dividends credited and paid fo r the year, viz.:
July 1, 1916...............................................................................
January 1, 1917......................................................................
Credited at other p eriods....................................................

988,017 89
§4 6 ,5 3 4 34

$69,376 13
72,220 54
730 59

Average am ount o f each account January 1, 1917....................
Number o f accounts w hich exceeded $3,000, exclusive o f d iv i­
dends credited, at the last tria l balance o f depositors’
ledgers, except deposits arising from society accounts, or
ju d icia l sales, or tru st funds, or by order o f a cou rt o f
record o r o f a su rroga te.....................................................................
T o ta l am ount o f such a ccou n ts............................................................
R a te per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
R a te per cent, o f dividends to depositors durin g the six months
ending December 31, 1916................................................................
T ota l earnings o f the bank fo r the year 1916, a fter allow in g
fo r am ortization o f prem ium s and d iscou n ts...........................
T ota l expenses o f the bank fo r th e year 1916...............................
D ividends paid to depositors fo r th e year 1916.........................
N et earnings fo r the year 1916 over expenses and dividends
paid t o depositors ..............................................................................




9 ,3 0 0
1,241
951

142,327 26
413 84

2
$ 6 ,1 0 6 81
4
4
$181,990 73
15,022 93
142,327 26
2 4 ,6 4 0 54

MONROE COUNTY
5- .
7

THE EAST SIDE SAYINGS BANK OF ROCHESTER, ROCHESTER

[233 Main street, E a s t ; incorporated 1869]
W. H EN RY M ATH EW S, President.
A L E X . B. LAM BERTON, Vice-Pres.
W IL L IA M BADSCH, V ice-President.
A U STIN C. JACKSON, irea su rer.

T R U S T IE S
CASSIUS C. DAVY,
W. H EN RY M ATHEW S,
W IL L IA M R. PETERS,
A L E X . B. LAMBERTON,
A U STIN C. JACKSON,

W IL L IA M BAUSCH,
FR AN K A . BROW N ELL,
C H A R LE S A . GREEN,
W IL L IA M H. DUNN,
A R T H U R T . HAGEN,

V . F . W H ITM ORE,
JOHN H. ENGBRT,
CHAS. H. OCUMPAUGII,
F R E D ’ K A. SHERWOOD.*

F IN A N C IA L
RESOURCES

Bonds and m ortga ges................................................................................ $ 9 ,5 0 0 ,9 8 1 00
Stock and bond investm ents, v iz .:
P ar
S to c k s and b on d s
value
United States .........................
$200,000 00
D istrict o f Colum bia..............
100,009 00
State o f M assachusetts.........
150,000 00
State o f W yom ing...................
6,000 00
State o f Alabama...................
100,000 00
State o f M aryland.......... .
200,000 00
Cities in other States............
120,000 00
C ities in this State................. 2,501,302 06
400,000 00
R ailroad mortgage bonds.......
$3, 776,302 05

Original
Estimated
cost
m arket value
$238,000 00
$222,000 00
81,171 25
104,000 00
188,259 60
147,00000
6,850 00
6,00000
106,800 00
103,00000
198,380 90
202,00000
118,980 00
117,90000
2,585,508 73
2,554,31695
406,312 50
MO,000 00
$3 , 850,363 98

$3, 816,216 95

3 ,8 1 6 ,2 1 0 95
Banking house and lot, book value, $120,000; cost, $120,350.81;
aetual cask v a lu e .................... ................................................................
Cash on deposit in banks or tru st com panies...............................
Cash on h an d ................................................................................................
T ota l o f collectible in terest...................................................................
A m ount o f all other assets, v iz .:
Insurance and taxes advanced..........................................
Cash in transit........................................................................

120,000 00
1 ,7 5 9 ,2 4 5 07
2 2,831 79
143*207 16

$137 24
3,124 74

3 ,201 98
$ 1 5 ,4 2 5 ,8 0 3 95
L IA B IL IT IE S

A m ount due depositors, v iz .:
Other liabilities, v iz .:

P r in cip a l....................

Dividends accrued on deposits to January 1, 1917...
Expenses incurred, but unpaid, taxes accru ed............

Surplus on m arket v a lu e ...................................................

................$ 1 4 ,5 7 9 ,9 6 0 00
$46,911 25
7,795 67

-------------................ .

5 4 ,76 6 92
791,007 03

$15,425,81® 95
Surplus on par value, $751,172.13.

e= s

= = ssb s = = 3 = = = =

CASH TR A N SA C TIO N S D U R IN G T H E Y E A R 1910
R E C E IP T S

Cash on hand and in banks or tru st com panies Janu ary 1,
1916, before transactions o f th e d a y ............. ...............................$ 1 ,5 0 6 ,2 2 9 11
F rom depositors, n ot including dividends cred ited ......................
4,008*&40 87
F rom interest on loans, deposits and investm ents......................
0 9 3 ,9 ® M
F rom rents from banking h ouse..........................................................
S rW 8 00




rwo]

M o KEOE Oo UNTY
F rom
F rom
F rom
F rom
F rom

161

rents from other real esta te......... L.......... ............................
m ortga ges................................................................
redem ption o f stocks and b on d s....................
real estate s o ld .......................................................
a ll oth er sources, v iz .:

Insurance and taxes advanced..........................................
R e fu n d s ...................................................................................

$29 50
47 76

-----------------

$484
727,718
4 8 ,6 6 0
2 0 ,27 8

00
00
00
50

77 26

$ 7 ,7 3 0 ,3 1 4 23
PAYMENTS
T o depositors, including dividends pa id t o th em ........................ $ 4 ,0 8 9 ,1 1 0
1 ,3 0 4 ,4 5 0
F or loans on bonds and m ortga ges.....................................................
F o r stocks and bonds purchased, including premiums, com ­
489,4 9 5
m issions, etc. (to ta l par value, $ 5 0 0 ,0 0 0 )..................................
3 ,5 41
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
F o r cu rrent expenses o f th e bank, v iz .:
F or s a la r ie s ........................
F or ta x e s:
Banking house, $6,115.38; surplus,
$10,376.73 ..................................................
F or expenses, except taxes, o f banking h ou se:
Repairs ..............................................................................
In s u r a n c e ..........................................................................
O t h e r .................................................
F or expenses o f other real estate, v i z .:
R e p a ir s ........................................................
Insurance .........................................................................
Taxes .................................................................................
O t h e r ..................................................................................
F o r other expenses, n ot including expenses o f other
real estate nor other expenses o f banking h o u s e ....

51
00
04
67

$24,214 05
16,492 11.
421 78
695 05
5,161 16
308 43
97 50
397 14
58 O
T
10,493 38

5 8 ,33 8 67
Other paym ents, v iz .:
Insurance and taxes advanced..........................................
Incom e tax withheld and paid..........................................

$166 74
10 00

176 74
Cash on hand and in banks or trust com panies December 31,
1916, a fte r tra n s a c tio n s o f th e d a y .................................................

1 ,7 8 5 ,2 0 1 60
$ 7 ,7 3 0 ,3 1 4 23

S T A T IS T IC A L IN F O R M A T IO N
47,762
N um ber o f open.accounts January 1 , 1917......................................
N um ber o f accounts opened or reopened during the y e a r . . . .
10,026
Num ber o f accounts closed during the y e a r ........... .......................
7,617
A m ount deposited d u rin g the year, n ot ineluding dividends
credited fo r th at p e r io d ..................................................................... $ 4 ,6 6 8 ,6 4 6 67
4 ,0 8 9 ,1 1 0 51
A m ount w ithdraw n during the y e a r ...................................................
A m ount o f dividends credited and paid fo r the year, v iz .:
June 1, 1916...............................................................................
December 1, 1916.....................................................................
Credited at other periods....................................................

$269,669 66
268,685 53
4,776 25

Average amount o f each account January 1, 1917....................
R a te per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors du rin g the six m onths
ending December 31, 1916..................................................................
T ota l earnings o f the bank fo r the year 1916, a fter a llow in g
fo r am ortization o f premiums and d iscou n ts............................
T ota l expenses o f the bank fo r the year 1 9 1 6 ............................
D ividends paid to depositors fo r the year 1 9 1 6 . , , . . ..................
N et earnings fo r the year 1916 over expenses and dividends
paid to d ep ositors........................... ............................ ...............

6




'533,031 44
305 26
4
4
$699,661 52
50,691 29
533,031 44
115,938 79

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6 8 . MECHANICS SAVINGS BANK ROCHESTER
[18 E xchange stre e t; Incorporated 1867]
J. J . BA B SCH , P resid en t
W ILM O T C ASTLE, Treasurer.
W IL L IA M R. SEW ABD, V ice-P resident
FE D O R W IL L IM E K , A s s t Secretary.
W IL L IA M B. HALE, Vice-President.

TR U ST E E S
JOHN J. BAUSCH,
W IU .IA M 'R ^ S E W A R D ,
LOU IS J. ERNST,
JAM ES H . BOUCHER,

W E N D E L L J. CURTIS,
W IL L IA M K A R LE,
W IL L IA M B. HA LE ,
W IL M O T CASTLE,
JAM ES T . HUTCHINS,

JOHN S. BRONK,
CHAS. C. BEAHAN.
M ORRIS D. KN A PP,
GEORGE W. ROBESON,
JA M E S C. CLEM ENTS.

F IN A N C IA L
RESOURCES

Bonds and m ortgages...............................................................................
Stock and bond investm ents, v iz .;
P ar
value
fII, 000 00
180,000 00
596,166 30
35,000 00
4,000 00
63,000 00
70,200 00
605,000 00

S to c k s a n d b on d s

State o f M assachusetts.........
C ities in other States............
Cities in this State.................
Counties in this S ta te ...........
Tow ns in this State................
Villages in this State............
School districts in this State
R ailroad m ortgage b o n d s ....

f l , 568,365 30

$ 3 ,3 3 9 ,3 5 0 00

O riginal
Estim ated
co st
m arket value
$12,796 60
112,900 00
182,168 91
185,675 00
606,114 13
589,173 63
36,954 86
37,575 00
4,051 00
4,020 00
64,796 60
66,410 00
73,077 12
73,669 00
699,273 65
518, ©0 00
$1,579,232 77

$1,488,032 63

1 ,4 8 8 ,0 3 2 63
Banking house and lo t, book value, $64,514.62; cost, $79,643.74;
actual cash v a lu e ..................................................................................
Other real estate, b ook value, $38,274.43; cost, $38,274.43;

6 4 ,5 1 4 62
38 ,27 4
2 1 5 ,5 9 0
2 5 ,47 4
4 9,251

a c tu a l cash, v a lu e .........................................................................................

Cash on
Cash on
T o ta l o f
A m oun t

deposit in banks or tru st com panies.............................
h a n d ................................................................ ..............................
collectible in te r e s t ....................................................................
o f a ll other assets, v iz .:

T axes advanced .....................................................................
Land contract ........................................................................

$2,973 05
2,850 00

43
90
64
93

5 ,3 2 3 05
$ 5 ,2 2 5 ,8 1 2 20

L IA B IL IT IE S

A m ount due depositors, viz.:
P r in c ip a l..................................................................................$4,778,206 25
Dividends credited o r to be credited fo r the six
93,289 SI
m onths ending w ith November 30, 1916......................

------------------ $ 4 ,8 7 1 ,4 9 6 12
Other liabilities, v iz .:
Dividends accrued on deposits to January 1, 1917....
Expenses incurred, but unpaid — accrued surplus tax

$15,548 32
1,4© 24

-------------------------------------- 17,010 56
Surplus on m arket v a lu e.......................................................................
337,305 52

Surplus on par value, $417,638.19.

$ 5 ,2 2 5 ,8 1 2 20
'....... :... .....■
............ .

CASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ..............................................
F rom depositors, n o t in cluding dividends cred ited ....................
F rom interest on loans, deposits and investm ents......................
F rom resdts from banking h ou se.......................... ; . .......... ...............
F rom rents from other real esta te........................................................
F rom m ortgages........... ....................................................... *.....................




$292,265
933,278
229,518
1 ,0 40
242
170,825

38
72
98
00
22
00

M
F ro m
F rom
F rom
F rom

onboi

163

County

redem ption o f stocks and b on d s.......................... .
stocks and bonds sold (to ta l par value, $73,000)
real estate s o ld ............................................................ ......
a ll other sources, v iz .:

Cash d iffe re n ce s.............................................................
Taxes advanced .....................................................................
Credits to profit and lo ss....................................................
Suspense account ......................................................

$ 12,307 65
7 0 ,3 5 0 00
1 ,9 7 4 75

$14
8,119
32
39,600

75
07
18
00

47 ,76 6 00
$ 1 ,7 5 9 ,5 6 8 70
P AYM EN TS

T o depositors, including dividends paid to th em .........................
F o r loans on bonds and m ortgages.....................................................
F o r stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l par value, $ 1 7 5 ,0 0 0 )..........................................
F o r in te re st( oth er than dividend paym ents to d e p o s it o r s )..
F o r cu rrent expenses o f th e bank, v iz .:
F or salaries ......................................... ................................
F or ta x e s : Banking house, $1,107.72: surplus, $2,920.07
F or expenses, except taxes, o f banking h ou se:
R e p a ir s ...............................................................................
In s u r a n c e ..........................................................................
F or expenses o f other real estate, v i z .:
I n s u r a n c e ..........................................................................
O t h e r .......................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

$919,860 04
2 9 3 ,7 0 0 00
171,312 50
2 ,3 2 3 11

$16,979 00
4,<B7 79
369 72
213 50
39 50
67 90
7,417 65

29 ,11 5 06
F o r real estate acquired by foreclosure, or in settlem ent o f
debts due the b a n k ................................................................................

4 0 ,23 5 67

Other payments, viz.:
Cash d iffe re n ce s ............... ....................................................
A dditional cost o f banking house.....................................
Taxes advanced ................................................................. .
Suspense account ........................................ ........................

$34 80
14,514 62
7,807 36
39,600 00

61 ,95 6 78
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y .................................................

2 41,065 54
$ 1 ,7 5 9 ,5 6 8 70

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917......................................
Num ber o f accounts opened or reopened during th e y e a r ...........
N um ber o f accounts closed during th e y e a r ...................... .............
A m ount deposited du rin g the year, n ot including dividends
credited fo r th a t p e rio d .................................................................. ..
A m oun t w ithdraw n durin g the y e a r .................................................
A m ount o f dividends credited and pa id fo r the year, v iz .:
June 1, 1916...............................................................................
December 1, 1916.....................................................................
Credited a t other periods....................................................

$933,278 72
919,860 04

$91,263 79
93,067 27
708 11

A verage am ount o f each account Janu ary 1, 1917......................
R a te per cent, o f dividends t o depositors du rin g the six months
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916...................................................................
T o ta l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f premiums and discou nts...........................
T otal expenses o f the bank fo r the year 1916.............................
D ividends paid to depositors fo r the yea r 1916.............................
Net earnings fo r the year 1916 over expenses and dividends

|M to depositors.............................................. ..............
<i




9 ,5 8 0
4 ,6 7 0
3 ,2 3 2

185.029 17
508 50
4
4
$ 2 30,244 55
29,391 25
185.029 17
15,824 13

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MONROE COUNTY SAYINGS BANK, ROCHESTER

[33-35 State s tr e e t; incorporated 1®0]
JA M E S E. BOOTH, President.
A L E X . M . LIN DSAY, Vlee-Pres.
RUFUS K. DRYER, V ice-President.
WM. CARSON, Treasurer.
F R A N K C. FENN, Cashier.

T R U ST E E S
JAM ES E. BOOTH.
RUFUS K, DRYER,
A L E X . M. LINDSAY,
CYRUS F . PAINE,

H EN RY A . STRONG,
TH OM AS J. DEVIN E,
W IL L IA M B . LEE,
P H A R . V. CRITTENDEN,
E D W A R D BAUSCH,

W IL L IA M CARSON,
M A RTIN F . B R ISTO L,
JOSEPH M ICHAELS,
WM. A. HUBBARD, JB.

F IN A N C IA L
RESOURCES

Bonds and m ortgages................................................................................ $ 1 7 ,6 6 1 ,3 2 5 23
Stock and bond investm ents, v iz ,;
P ar
S to c k s an d b onds
value
United S t a t e s ...........................
$50,000 00
500,000 00
State o f New Y ork.................
State o f M assachusetts.........
350,000 00
State o f Tennessee...................
176,000 00
C ities In other States............ 2,700,000 00
C ities in this State............... 1,526,000 00
Counties in this S tate..........
365,000 00
Tow ns in this State ..............
54,000 00
111,800 00
V illages in this S tate............
R ailroad m ortgage bon ds—
2,992,000 00
$8,824,800 00

Original
Estimated
co st
m arket value
$68,750 00
$65,500 00
502,625 00
526,000 00
372,250 00
333,500 00
188,979 14
193,600 00
2,835,394 89
2,745,340 00
1,596,712 87
1,528,965 00
368,239 50
370,025 00
55,770 00
55,620 00
114,131 23
115,070 00
3,209,40X 25
2,610,010 00
$9,312,253 58

$8,533,630 00

- .-.— ......... = = = = = —
_
Banking house and lot, book value, $75,000; cost, $75,000}
actual cash v a lu e ..................................................................................
Other real estate, book value, $12,627.98; cost, $12,627.98}
actual cash v a lu e......... ...........................................................................
Cash on deposit in banks o r tru st com panies.................................
Cash on h an d ................................................................................................
T ota l o f collectible in terest.....................................................................

8 ,5 3 3 ,6 3 0 00
7 5 ,0 0 0 00
1 1 ,350
1 ,0 1 4 ,4 3 1
2 5 1 ,7 2 4
503,113

00
66
88

81

$ 2 8 ,0 5 0 ,5 7 5 58
L IA B IL IT IE S

A m ount due depositors, v iz .:
P r in c ip a l.................................................................................. $25,281,048 47
Dividends credited o r to be credited f o r the six
m onths ending with December 31, 1916—
..........
496,173 73

------------------ $ 2 5 ,7 7 7 ,2 2 2 20
Other liabilities, v iz .:
Dividends accrued on deposits to January 1, 1917....
Expenses incurred, but unpaid, taxes.............................

$82,700 00
11,600 00

____________

Surplus on market v a lu e.........................................................................

04 3Q0 00
2 ,1 7 9 ,0 5 3 38
$ 2 8 ,0 5 0 ,5 7 5 58

,

Surplus on par value, $2,470,223.38.
CASH T R A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in hanks or tru st com panies January 1,
1916, before transactions o f the d a y .................... .......................... $ 1 ,1 7 4 ,0 0 9
F rom depositors, n ot in cluding dividends cred ited .................. .. 5 ,2 6 9 ,1 6 1
F rom interest on loans, deposits and investm ents......................
1 ,2 3 3 ,2 3 0
286
F ro m rents from hanking h ou se..........................................................
122
F rom rents from other real esta te......................................................
$ 8 9 ,8 3 0
From mortgages.............................................................................




75
34
91
75

00
00

M

onroe

County

165

F rom redem ption o f stocks and b o n d s ................. .. .v ; v . . .
F rom stocks and bonds sold {to ta l par value, $500,000)
F rom all other sources, viz.:
New York State canal judgments.
Insurance advanced ............... .........
Over c a s h .................... ........................

$ 2 5 ,1 0 0 00
506,318 00

$6,600 00
2,005 58

86 28

7 ,6 91 81
$ 9 ,1 0 5 ,7 5 0 56
P A Y M E N TS

T o depositors, including dividends paid t o th em ........................... $ 5 ,43 9 ,0 9 1
F o r loans on bonds and m ortga ges...................................... .............
1 ,4 8 7 ,8 0 0
F or stocks |,nd bonds purchased, including premiums, com m is­
sions, etc. (to ta l par value, $ 7 6 1,0 0 0 )..........................................
791,1 6 0
F o r interest (oth er than dividend paym ents to d e p o s ito r s )..
6 ,4 1 5
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or t a x e s :
Banking house, $4,482.18; surplus,
$18,711.36................. ..................... ................................
F or expenses, except taxes, o f banking h ou se:
R e p a ir s ...............................................................................
Insurance ..........................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs . , ....................... .............................................
Insurance ..........................................................................
T a x e s .............................................................. ...................
F o r other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

53
00
21
58

$41,083 34
23,193 54
526 08
947 73
13,851 11
19 90
6 52
29 40
6,989 55

86,647 17
F o r real estate acquired by foreclosure, o r in settlement o f
debts due the b a n k ...............................................................................
Other paym ents, v iz .:
M ortgages paid ......................................................................
l o s s on bonds sold................................................................
Short cash .............................................................................

9 ,3 0 0 77

$16,087 65
8,068 00
23 11

19,178 76
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ..........................................

1 ,2 6 6 ,1 5 6 54
$ 9 ,1 0 5 ,7 5 0 56

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts Janu ary 1, 1917......................................
39,368
Num ber o f accounts opened or reopened during the y e a r ------4 ,8 92
N um ber o f accounts closed during the y e a r .................................
4 ,3 6 3
A m ount deposited du rin g the year, n ot including dividends
credited fo r th at p e rio d ....................................................................... $ 5 ,2 6 9 ,1 6 1 34
A m ount w ithdraw n durin g the y e a r .................................................
5 ,4 3 9 ,0 9 1 53
A m ount o f dividends credited and pa id for the year, v iz .:
June 1, 1916...............................................................................
December 1, 1916......................................................................
Credited a t other periods....................................................

$484,098 07
491,670 27
10,404 24

986.172
654
Average am ount o f each account January 1, 1917...................
R ate per cent, o f dividends to depositors du rin g the six months
ending June 30, 1916...........................................................................
R a te per cent, o f dividends to depositors during the six months
ending December 31, 1916...................................................................
T o ta l earnings o f the bank for the year 1916, a fter allow in g
fo r am ortization o f premiums and d i s c o u n t s . . . . , .................. $ 1 ,2 2 7 ,6 0 1
9 3,938
T ota l expenses o f the bank fo r the yea r 1 9 1 6 ............................
986.172
D ividends paid to depositors fo r the year 1916...........................
N et earnings fo r th e year 1916 over expenses and dividends
147,490
paid to dep ositors..................................................................................




58
00
4
4
38
28
58
52

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ROCHESTER SAVINGS BANK, ROCHESTER

[47 Main street, W e s t; incorporated 1831]
H A ROLD P . B REW STER, President.
JO SIA H A N 8T IC E , Vice-President.
GRAN GER A . H OLLISTE R . Y ice-Pres.
H EN RY S. H ANFORD, Treasurer.
JAM ES S. WATSON, Vice-President.
C H ARLES F . TURTON, Secretary.

T R U S T IE S
GRAN GER A . H OLLISTER,
JAM ES S. WATSON,
H IRAM W . SIBLEY.
ERICKSON P E RK IN S,
JO SIA H ANSTICE,

THOS. W . FINUCANE,
J. CRAIG POW ERS,
H A ROLD P . B R E W ST E R , WM. A. E. DRESCHER,
GEORGE EASTM AN,
ED W AR D H A R R IS,
JAM ES G. CU TLER,
D A N IE L M. BEACH,
W IL L IA M S. M ORSE,
H ENRY S. H A N F O R b.

F IN A N C IA L
RESOU RCES

Bonds and m ortgages........................................ ....................................... $ 1 6 ,8 6 8 ,0 1 0 21
Stoek and bond investm ents, v iz .:
Par
Original
Estimated
Stocks and bonds
value
cost
market value
State o f New Y ork.................
$100,000 00
State o f M assachusetts.........
150,000 00
100,000 00
State o f M ississippi.................
Cities in other States............ 1,857,500 00
Cities in this State................. 2,221,000 00
492,000 00
Counties in this State..........
Tow ns in this State...............
44,050 00
171,800 00
V illages in this S tate............
School districts in this State
74,797 34
R ailroad m ortgage bon ds—
6,627,000 00

$101,780 00
163,312 50
101,346 00
1,9 a, 117 78
2,293,280 74
513,850 69
44,428 50
174,601 86
76,173 04
6,934,778 69

$106,00000
144,00000
102,20000
1,901,39000
2,287,23000
485,85000
44,45000
173,92700
76,00034
6,090,14000

$11,838,147 34 $12,331,638 80 $11,411,277 34

—
... ... :......:..1........ ...'........... ■
.
1 1 ,41 1 ,2 7 7 34
Banking house and lot, book value, $200,000; cost, $449,690.46;
actual cash v a lu e ..................................................................................
2 0 0 ,0 0 0 00
Cash on deposit in banks or tru st com panies.................................
1 ,4 0 1 ,3 6 1 67
Cash on b a n d .................................................................
439,898 58
T ota l o f collectible in terest......................................................................
367,027 47
A m ount o f all other assets, v iz .:
Land contracts ......................................................................
Insurance premiums advanced...........................................

$28,399 35
636 07

-------------------------------------- 2 9 ,0 3 5 42
$ 3 0 ,7 0 6 ,6 0 0 59
L IA B IL IT IE S

A m ount due depositors, v iz .:
Other liabilities, v iz .:

P r in cip a l............................................. $ 2 7 ,9 4 9 ,4 3 1 80

Dividends accrued on deposits to Janury 1, 1917..—
Reserve fo r taxes...................................................................
Fire loss held fo r m ortgagor.............................................

$88,666 67
13,500 00
715 79

-----------------Surplus on market va lu e...........................................................................

102,882 46
2 ,6 5 4 ,2 8 6 27

$ 3 0 ,7 0 6 ,6 0 0 59
Surplus on par value, $3,081,156.27.
CASH TR A N SA C T IO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................... $ 1 ,3 8 6 ,0 1 0
F rom depositors, n ot including dividends cred ited ......................
7 ,2 7 7 ,9 4 6
F rom interest on loans, deposits and investm ents.........................
1 ,2 6 6 ,3 3 6
From rents from banking h ou se..........................................................
9 ,7 58
F rom m ortga ges.........................................................................................
1 ,1 9 2 ,1 6 3




58
80
23
60
29

M

onroe

167

C oun ty

F rom redemption o f stocks and b on d s...............................................
From stocks and bonds sold (to ta l par value, $ 7 0 0 ,0 0 0 )............
F rom a ll other sources, viz.:
Land contracts ......................................................................
Over cash ................................................................................
Deficiency judgm ent ............................................................
Sale o f filing case.............................................. i .......... .
Insurance held pending rebuilding..................................
Insurance premiums repaid.................................................
A ppraisal fees c o lle c t e d ......................................................

$126,868 42
655,687 50

$1,312 50
25 83
315 00
25 00
2,320 09
785 31
1,100 00

5 ,8 8 3 73
$ 1 1 ,9 2 0 ,6 5 5 15
PA YM E N TS

T o depositors, including dividends pa id t o th em ......................... $ 6 ,2 2 4 ,7 5 2
F o r loans on bonds and m ortga ges........................................................ 2 ,3 3 1 ,4 0 2
F o r stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l par value, $ 2 ,28 4 ,2 0 0 ).................................... 2 ,3 7 2 ,3 6 4
F or interest (oth er than dividend paym ents to d e p o s ito r s ). . .
2 4 ,5 4 8
F or cu rrent expenses o f the bank, v iz .:
F or salaries ............................................................................
F or t a x e s :
Banking house, $7,455.09; surplus,

03
49

$62,884 88

$22,345.03 ............................................................................................ ...............

82
22

29,800 12

F or expenses, except taxes, o f banking h ou se:
R e p a ir s ...............................................................................
I n s u r a n c e .....................................................................
Other ..................................................................................
F or other expenses, n o t including expenses o f other
real estate n or other expenses o f banking h ou se...

2,133 81
192 77
10,197 61
18,157 66

123,366 85
Other paym ents, v iz .:
Short cash and forged check............................................
Insurance paid m ortgagor ................................................
Insurance premium advanced.............................................

$159 $4
1,604 30
1,206 65

2 ,9 7 0 59
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y .................................................

1 ,8 4 1 ,2 5 0 15
$ 1 1 ,9 2 0 ,6 5 5 15

STATISTICAL INFORMATION
Number o f open accounts January 1, 1917......................................
65 ,62 9
N um ber o f accounts opened or reopened during the y e a r . . . .
17,506
Num ber o f accounts closed during th e y e a r ,................................
9 ,2 84
A m ount deposited during the year, n o t including dividends
credited fo r th at p e r i o d . . . . .............................................................. $ 7 ,2 7 7 ,9 4 6 80
A m ount w ithdraw n during the y e a r ...................................................
5 ,2 2 4 ,7 5 2 82
A m ount o f dividends credited and paid fo r the year, v iz .:
June 1, 1916..............................................................................
December 1, 1916.....................................................................
Credited a t other periods....................................................

$486,949 25
613,669 58
6,350 09

------------------ 1 ,0 0 6 ,9 6 8
A verage am ount o f each account January 1, 1917....................
425
R ate per cent, o f dividends to depositors du rin g the six m onths
ending M ay 31, 1 9 1 6 . . . . .................................................................
R a te per cent, o f dividends to depositors durin g th e six m onths
ending Novem ber 30, 1 9 1 6 . . . . : .....................................................
T o ta l earnings o f the bank fo r the yea r 1916, a fter allow ing
fo r am ortization o f premiums and discou n ts........................... $ 1 ,2 8 0 ,4 2 3
T ota l expenses o f the bank fo r the yea r 1916..................................
133,366
D ividends paid to depositors fo r the year 1916.............................
1 ,0 0 6 ,9 6 8
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors..................................................................................
140,087




92
87
4
4
21
85
92
44

MONTGOMERY COUNTY
61.

AMSTERDAM SAVINGS BANK, AMSTERDAM
[11 Division street; incorporated 1886]
S. H. FRENCH, President.
CHARLES E. FRENCH, Treasurer.
JAMES T. 8UGDEN, Vice-President.
THOMAS MORPHY, Secretary.
SAMUEL WALLIN, Vice-President.
TR U STE E S

S. H. FRENCH,
BERNARD MACHOLD.
THOMAS MORPHY,
THOMAS MANSFIELD,
SEELY CONOVER,

W. BARLOW DUNLAP,
JAMES T. SUDDEN,
C. VAN BUREN,
-SAMUEL WALLIN,
CHARLES E. FRENCH,

WILLIAM J. KLINE,
NATHAN B. SMITH,
ROBERT J. LINDSAY,
W . C. SCHAUFLER.
THOMAS F. KENNEDY.

F IN A N C IA L

RESOURCES
$ 3 ,0 4 8 ,0 0 3 00

Bonds and m ortgages...............................................................................
Stock and bond investm ents, v iz .:

P

State of New York.............
State of Utah .....................
State of Wyoming...............
Cities In other States..........
Cities in this State..............
Counties in this State..........
Towns in this State...........
Villages in this State..........
School districts in this State
Railroad mortgage bonds......

§
1

Par
value
$75,000 00
25,000 00
3,000 00
11,000 00
764,350 00
276.095 56
59,698 00
260,116 71
48,810 00
416,000 00

S e aa d b n s
ta k n o d

Original
Estimated
eost
market value
$81,725 00
$84,000 00
25,125 00
24,250 00
4,005 00
3,420 00
11,468 40
11,000 00
780,672 23
761,275 S
O
276,095 56
278,277 56
60,264 85
59,410 00
268,469 59
258,834 77
50,082 40
50,710 00
473,789 30
422,870 00
27 $2,033,869 33 $1,961,865 83
1 ,9 5 1 ,8 6 5 83

Banking
actual
Cash on
Cash on
T ota l o f

house and lot, book value, $42,000j eost, $104,391.65 j
cash v a lu e ............................... ....................................................
deposit in banks and tru st com panies.............................
h an d...............................................................................................
collectible in terest.....................................................................

4 2 ,0 0 0
456,5 0 2
4 0 ,1 1 5
74,845

00
28
72
94

$ 6 ,2 1 3 ,3 3 2 77

LIABILITIES
A m ount due depositors, v iz .:

Principal...................................................................$5,585,862 41
Dividends credited or to be credited for the six
months ending with December 31, 1916................
90,136 60

------- ----------- $ 5 ,6 7 5 ,9 9 9 01
Surplus on market v a lu e.........................................................................
537,333 76
$ 6 ,2 1 3 ,3 3 2 77
..— .-. ;:= = = = = =

Surplus on par value, $524,538.20.

CASH T R A N SA C TIO N S D U R IN G T H E Y E A R 1916

RECEIPTS
Cash on hand and in banks or tru st com panies January 1,
1910, before transactions o f the d a y ............................................
F rom depositors, n o t including dividends cred ited ......................
F rom interest on loans, deposits and investm ents....................
F ront m ortgages......... ................. .............................................................
F rom redemption o f stocks and b on d s...............................................
F rom a ll other sources, v iz .:
Taxes advanced — refu n d ed ..




$ 5 05,920
1 ,6 8 2 ,3 7 3
260,328
168,286
8 6 ,8 0 0
304

37
23
60
00
00
23

$ 2 ,7 0 4 ,0 1 2 43

£168]

169

M o ntgo m ery C o u n t y

PAYMENTS
T o depositors, including dividends pa id t o 't h e m / . '. .................... $ 1 ,4 9 6 ,4 1 9
F o r loans on bounds and m ortga ges...................................................
390,328
F o r stocks and bonds purchased, in cluding prtpnituns, comiuissions, etc. (to ta l par value, $ 2 8 8 , 5 9 8 ) .. '. . / / .'. / / . . . . . : . . . .
293,3 5 9
F o r interest (oth er than dividend paym ents to d e p o s ito r s )..
2 ,4 9 3

For current expenses of the bank, viz.:
For salaries ..............................................................
For taxes: Banking house, $984.75; surplus, $4,671.23;
on mortgages, $575.56...............................................
For other expenses, not including expenses of other
real estate nor other expenses of banking house...

38
00
40
20

$11,837 98
6,231 53
6,420 71

-----------------Other paym ents, v iz .: Taxes a dvan ced.......................................... ,
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ...............................................

2 4 ,4 9 0 22
304 23
496,618 00
$ 2 ,7 0 4 ,0 1 2 43

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917...................................
15,344
N um ber o f accounts opened or reopened durin g the y e a r ...........
2 ,2 9 6
N um ber o f accounts closed during the y e a r .................................
1,691
A m ount deposited durin g the year, n ot including dividends
credited fo r that p e r io d ..................................................................... $ 1 ,6 8 2 ,3 7 3 23
1 ,4 9 6 ,4 1 9 38
A m ount w ithdraw n during the y e a r .................................................

Amount of dividends credited and paid for the year, viz.:
July 1, 1916..................................................................
$87,358 10
January 1, 1917...........................................................
90,136 60
A verage am ount o f each account January 1, 1917......................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916....................................................... ...................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916.............................................................

Total earnings of the bank for the year 1916, after allowing

fo r am ortization o f prem ium s and discou n ts...........................
T ota l expenses o f the bank fo r the year 1916...............................
D ividends paid to depositors fo r the year 1916........................ ..
N et earnings fo r the yea r 1916 over expenses and dividends
paid to dep ositors.........................,........................................................




177.494 70
363 40
3%
rh ,
$260,266 78
2 4 ,49 0 22
177.494 70
58,281 86

NASSAU COUNTY
62. ROSLYN SAYINGS BANK OF ROSLYN, ROSLYN
[Incorporated 1875]
THOMAS MOTT, President.
FREDERIC! E. WILLITS, Treasurer.
HENRY M. W. EASTMAN, Vice-President. FREDERIC! C. DAVIS, Secretary.
JOHN C. BAKER, Vice-President.
_
TRUSTEES
JOHN C. BAKER,
HENRY M. W. EASTMAN, S. M. POWELL
DANIEL UNDERHILL
JOTHAM POST,
THOMAS MOOT,
JOHN A. ALBERTSON,
S. T. RUSHMORE,
JOSEPH H. BOGART,
DANIEL S. WOOLLEY,
WILLIAM W. COCKS,
GEORGE P. TITUS,
EUGENE W. DENTON,
J. CLIFTON MONFORT,
FRED’K E. WILLITS,
ALFRED V. FRASER,
THOS. W. ALBERTSON,
RICHARD DOWNING,
JAMES WILLITS,
WILLIAM WITTE,
FREDERICK C. HICKS,
DANIEL J. HEGEMAN,
GEORGE W. EASTMAN,
F IN A N C IA L

RESOURCES
Bonds and m o r tg a g e s ....................... .....
S tock and bond investm ents, v iz .:
Stocks and bonds

State of New York..............
Cities In other States..........
Cities in this State.............
Counties In this State........
Towns in this State.............
Villages in this State........
School districts in this State
Railroad mortgage bonds....

Par
value

820,000 00
94.000 oo
131,500 00

........................................... $ 1 ,5 6 2 ,0 5 0 00

Original
cost

Estimated
market value

96,300 00
403,000 00

$21,460 0©
97,032 75
137,312 75
10,296 84
10,600 00
8,280 00
96, 927 23
485,753 75

$23,200 00
99,620 00
137,316 00
10,820 00
10,165 00
8,110 00
90,359 00
461,841 25

$862,300 00

$867,663 32

$850,430 25

10.000 00

0,500 00

8,000

00

—
...... .. ............
............ '.'
Banking house and lot, book value, $25,000; eosfc, $36,514.17;
actual cash v a lu e................................................. .................................
Other real estate, hook value, $ 2 4,551.96; cost, $24,744.28;
actual cash value .............................................................................. ..
Cash on deposit in banks o r tru st com panies................................
Cash on h an d................................................................................................
T o ta l o f collectible in terest..................................................... ...............
A m oun t o f all other assets, v iz .: T axes and insurance pre­
m ium s advanced......... ...........................................................................

850,4 3 0 25
2 5 ,00 0 00
2 4 ,7 4 4
174,047
927
38,497

28
38
65
09

2 ,5 1 9 47
$ 2 ,6 7 8 ,2 1 6 12

LIABILITIES
A m ount due depositors, v iz .:

Principal ................................................... .............. $2,391,262 53
Dividends credited or to be credited for the six
months ending with December 31, 1916......................
43,728 25
Surplus on m arket v a lu e.......................................................................

$ 2 ,4 3 4 ,9 9 0 78
2 4 3 ,2 2 5 34
$ 2 ,6 7 8 ,2 1 6 12
....... ....

Surplus on par value, $255,095.09.

CASH T R A N SA C TIO N S D U R IN G T H E Y E A R 1916
RECEIPTS
Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ..........................................
$122,800
F rom depositors, n ot including dividends cred ited .....................
618,869
F rom interest on loans, deposits and Investm ents.......................
119,388
F rom rents from banking h ou se.........................................................
1,827
F rom rents fro m oth er real esta te ....................................................
950
F ro m m ortgages............................. ........................................... ...............
56 ,77 5
F rom redem ption o f stocks and b on d s.................................................
2 0 ,4 0 0
F rom stocks and bonds sold (to ta l par value, $ 3 0 ,0 0 0 ).........
2 3 ,0 0 0




[1701,

77
63
62
50
00
00
00
00

171

N assau C o u n t y
From all other sources, v iz .:

Deficiency judgment .....................
Appraisal fee s........................... .
Overpayments, refunded...............
Deposit for bid on bonds returned,
Taxes refunded ........................... .
Check not returned ......................
Preparing lease ........................... .

$149 91
437 50
1.000 49

1.000 00

670 50
m
6 00

3 ,2 6 3 70
$967,275 22

PAYMENTS
T o depositors, including dividends paid to th em .........................
F or loans on bonds and m ortgages......................................................
F o r stocks and bonds purchased, in cluding premiums, com m is­
sions, ete. (to ta l pa r value, $ 1 8 3 ,0 0 0 )........................................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
F o r current expenses o f the bank, v iz .:

For salaries...............................................................
For taxes: Banking house, $1,094.69; surplus,
$2,079.88; on mortgages, $423.50.................................
For expenses, except taxes, of banking house:
Repairs ................................................................
Insurance ............................ ...............................
Other ...................................................................
For expenses of other real estate, viz.:
Repairs ................................................................
Insurance ............................................................
Taxes .................................................................
Other ...................................................................
For other expenses, not including expenses of other
real estate nor other expenses of banking house—

$417,319 47
162,950 00
181,112 39
2 ,1 0 8 24

$7,600 63
3,598 07
100 98
n 50
28 57
575 65
80 78
654 38
25 00
1,915 61
14,602 17

F o r real estate acquired by foreclosure, or in settlement o f
debts due the ba n k ................................................................................
Other paym ents, v iz .:

Satisfaction piece .....................................................
Appraisal fees ...........................................................
Insurance and taxes paid..........................................
Overpayments ...........................................................
Deposit for bid on bonds............................................
Cash short — teller’s .....................................................
Lease .............
Protest fe e s...............................................................

$8 10
437 60
1,917 05
1,000 36
1,000 00
200
5 00
1 20

Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y ...............................................
S T A T IS T IC A L IN F O R M A T IO N
:
N um ber o f open accounts Janu ary 1, 1917......................................
N um ber o f accounts opened or reopened during th e y e a r ............
N um ber o f accounts closed during the y e a r .................... .................
A m ount deposited d u rin g the year, n ot in cluding dividends
credited fo r th a t p e rio d .......................................................................
A m ount w ithdraw n during th e y e a r ...................................................
Amount o f dividends credited and paid fo r th e year, v iz .:

July 1, 1916.................................................................
January 1, 1917...........................................................
Paid but not credited................................................

$41,368 53
43,728 25
4 50

Average am ount o f each account January 1, 1917....................
R ate per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six months
ending December 31, 1916...................................................................
T o ta l earnings o f the bank for the year 1916, a fter allow ing
fo r am ortization o f premiums and discou n ts........... .................
T ota l expenses o f the bank fo r the year 1916.............................
D ividends paid to depositors fo r the year 1916...........................
N e t earnings fo r the year 1916 over expenses and dividends
paid to d ep ositors........................................ .........................................




0 ,8 3 6 71

4 ,3 7 1 21
174,975 03
$967,275 22
4 ,4 9 4
622
362
$618,869 63
417,3 1 9 47

85,101 28
532 01
4
4
$129,005 39
14,602 17
85 ,09 6 78
29,306 44

NEW YORK COUNTY
63.

A M E R IC A N S A V IN G S B A N K , N E W Y O R K C IT Y

[116 W est 42d s tr e e t; incorporated 1882]
W ILLIA M M. CAM PBELL, President.
D A V ID ORB, Secretary.
JAM ES F. FARGO, V ice-President.
W IL L IA M M. H AZBLTON, Treasurer.
I* DUNCAN B U LKLEY, Vice-Pres.

T R U S T IE S
V IN C E N T PISEK ,
JAM ES F . FARGO,
L. DUNCAN BU LKLEY,
D A V ID ORR,
W IL U A M C. STORY,

WM. M. CAM PBELL.
JOHN V. IR W IN ,
H EN RY R. SUTPHBN,
FR ED . M . JOHNSON,
C A R L L . V IE TO R,

H IC K S A . W EA TH E R B E E ,
W AR R E N TH OR PE ,
HENRY S. P A RK ER ,
J. C. TR APH A G E N ,
CHAS. F . D E SH LE R .

F IN A N C IA L
RE SOURCES

Bonds and m ortgages......... ....................................................................... $ 2 ,0 8 9 ,3 1 5 00
S tock and bond investm ents, v iz .:
Par
value
837.000 00
226.000 00
30.000 00
102,000 00
22.000 00
680,000 00

Stocks and bonds
C ities in other States............
C ities in this State.................
T ow ns in this S ta te .,............
Villages in this S tate............
S chool districts in this State
R ailroad m ortgage b o n d s ....

11,046,000 00

Estimated
Original
cost
m arket value
836,880 00
836,084 35
236,516 36
234,250 00
33,800 00
36,856 00
103,888 29
102,200 00
23,521 20
22,110 00
616,378 06
5&.660 00
fl,0!>l,453 25

$960,990 00

960,990 00
Banking bouse and lot, book value, $13,361.54; cost, $34,721.6 4 ; actual cask v a lu e ............................................................................
Other real estate, book value, $115,273.37; cost, $115,955.24;
actu al cash v a lu e.............................................................................. ..
Cash on deposit in banks or tru st com panies..................................
Cash on h an d................................................................................................
T o ta l o f collectible in terest...................................................................
A m ount o f all other assets, v iz .: Suspense a ccou n t..............

34,721 64
115,102
185,711
3 ,6 7 5
4 2 ,4 0 8
120

69
89
83
12
80

$ 3 ,4 3 2 ,0 4 5 97
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal ................................................................................. 83,268,386 76
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1616........................
50,921 65

------------------ $ 3 ,3 1 9 ,3 0 7 31
Other liabilities, v iz .: Expenses incurred, but u npaid : R ent
accrued ......................................................................................................
1 ,1 66 66
Surplus on market va lu e........................................................................
111,572 00
$ 3 ,4 3 2 ,0 4 5 97
Surplus on par value, $196,582.
CASH T R A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks o r tru st com panies January 1,
1916, b efore transactions o f th e d a y ......................................
F rom depositors, n o t in cluding dividends c r e d ite d .....................
F ro m interest on loans, deposits and investm ents......................




£172]

$236,096 80
1 ,3 6 9 ,2 3 0 35
137,012 76

N
F rom
F rom
F rom
F rom
F rom
From
F rom

ew

Y

ork

m

County

rents from banking h ou se.......................................
rents from oth er real esta te............................
m ortga ges.........................................................................................
redem ption o f stocks and b on d s...............................................
stocks and bonds sold (to ta l par value $ 5 5 ,0 0 0 )......... ..
real estate s o ld ................................................................................
a ll other sources, v iz .: Suspense a ccou n t.........................

$ 3 ,78 1
8 ,6 8 8
8 3 ,6 5 0
4 4 ,0 0 0
5 5 ,9 3 2
8 4 ,0 0 0
2 ,1 7 6

66
80
00
00
25
00
28

$ 2 ,0 2 4 ,5 6 8 90
PAYM EN TS

T o depositors, ineluding dividends paid to th em ......................... $ 1 ,1 8 1 ,0 5 3
F o r loans on bonds and m ortga ges................................. ...................
4 8 5 ,0 0 0
F o r stocks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l par value, $ 1 0 0 ,0 0 0 )...........................................
94 ,71 8
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). .
1 ,2 65
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or t a x e s : Banking house, $56.10; surplus. $559.47___
F or expenses, except taxes, o f banking h o u se :
R epairs ..............................................................................
Insurance ..........................................................................
Other .........
F or rent o f banking room s.................................................
F or expenses o f other real estate, v i z .:
Repairs ...............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u s e ....

57
00
75
63

$12,564 25
615 57
868
284
301
7,000

72
66
46
00

1,356
449
2,990
1,071

70
21
58
61

2,653 71

3 0,145 47
F o r real estate acquired by foreclosure, o r in settlement o f
debts due the b a n k ............................. ..............................................
Other paym ents, v iz .:
Fees on property sold ...........................................................
Suspense account .................................................................

4 0,247 93

$470 00
2,279 83

2 ,7 4 9 83
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f th e d a y ............................................

189,387 72
$ 2 ,0 2 4 ,5 6 8 90

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917......................................
9,6 86
Number o f accounts opened or reopened during the y e a r .........
2 ,3 53
N um ber o f accounts closed during the y e a r ......................................
1,352
A m ount deposited d u rin g the year, n ot including dividends
credited fo r th at p e r io d ................................................... ................... $ 1 ,3 6 9 ,2 3 0 35
Am ount w ithdraw n durin g th e y e a r ............................................. 1 ,1 8 1 ,0 5 3 57
Am ount o f dividends credited and paid fo r th e year, v iz .:
July 1, 1916............................................. - ........... ...................
January 1, 1917............... _.......................................................

$#,216 14
50,921 55

Average am ount o f each account Janu ary 1, 1 9 1 7 ...................
Rate per cent, o f dividends to depositors during the six months
ending June 30, 1916.............................................................. .............
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916.............................................. .. ..............
T ota l earnings o f the bank fo r the year 1916, a fter allow ing
fo r am ortization o f premiums and d iscou n ts...........................
T o ta l expenses o f the bank for the year 1916...............................
D ividends paid t o depositors fo r the year 1916...............................
N e t earnings fo r the year 1916 over expenses and dividends
pa id to d ep ositors..................................................................................




100.137 69
342 69
3%
m
$153,614 64
3 9,132 96
100.137 69
14,343 99

HU
64.

R eport on S avin g s R a n k s
T H E B A N K FO R SA V IN G S IN T K E C IT Y OF N E W YORE

[280 F ourth a v e n u e ; Incorporated 1819]
A D R IA N IS E LIN , J a „ Viee-Pres.
W A L T E R TRIM B LE . P resid en t
FR E D E R IC W . STEVENS. Viee-Pres.
L E W IS B. G A W TR Y , Secretary.
C H A R L E S S. BROWN. Viee-Pres.

TR U ST E E S
W A L T E R TRIM B LE ,
FR ED ERIC W. STEVENS,
C H A R L E S S. BROWN,
A D R IA N ISELIN . Ja.,
L E W IS B . GAW TRY.
CHAS. A . SHERMAN,
H EN RY W. OB FO R E ST,
W . IR V IN G CLARK.
Wil l ia m j . b ik e r .

W M . W . A PPLE TO N ,
THOM AS DIMOND,
R O B E R T BACON,
H EN RY R. HOYT,
AU GU ST BELMONT,
C H A R IE S H. T W E E D ,
W IL L IA M SLOANE,
TH OM AS DENNY,

JOHN E . COW DIN,
JAM ES S. A LEX A N D E R ,
NICHOLAS B ID D LE ,
GEORGE F. BA K E R , Ja.,
OTTO M. E ID L IT Z ,
GEO. E. ROOSEVELT, '
TH A T C H E R M . BROW N,
L E W IS C. LED YAR D , Ja.,
JU LIA N L. PEABOD Y.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges....................................................................
Stock and bond investm ents, v iz .:
P ar
S to c k s an d b on d s
value
State
Of New Y ork............ $2,980,0(10 00
State
o f M aryland............
830,000 00
Cities in other States.......... 5,895,600 00
Cities
in this State........... 17,233,800 00
Counties in this S tate............ 1,078,006 00
R ailroad m ortgage b o n d s .. . . 25,338,000 00

.$ 4 6 ,9 1 3 ,3 5 0 00

Original
Estimated
cost
m arket value
$3,051,341 25
$3,036,80000
786,404 16
810,70000
6,157,557 47
5,814,35200
17,896,442 57
17,210,66200
1,122,283 65
1,167,120 00
25,537,914 05 21,449,160 00

$53,355,400 00 $54,554,943 15 $49,488,694 00

...................... —
—
= = = = = = - .» 4 9 ,4 8 8 ,6 9 4
B anking house and lot, book value, $400,000; cost, $751,SOL4 0 0 ,0 0 0
0 6 ; aetuai cash v a lu e...........................................................................
Other real estate, book value, $1,189,025.97; cost $1,199,853.37; actual cash v a l u e . ...............................................................
942,000
Cash on deposit in banks or trust com panies............................... 3 ,4 6 4 ,0 4 1
Cash on h an d...............................................................................................
732,8 9 0
T ota l o f collectible in terest................................................................... 1 ,2 0 2 ,0 9 5

00
00
00
20
78
09

$ 1 0 3,143,971 07
= = = = = .==== = =

L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal ..................................................................................$92,572, M0 8?
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1916........................ 1,650,496 48

------------------ $9 4 ,1 2 2 ,5 7 7 35
Surplus on market v a lu e ............................................................................. 9 ,0 2 1 ,3 9 3 72

Surplus on par value, $12,888,099.72.

$ 1 0 3,143,971 07
1 1 '.....!.- ..— ..... .....■ .

CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Cash on hand and in hanks or trust com panies January 1,
1916, before transactions o f the d a y .............................................. $ 4 ,0 9 4 ,8 0 8
F r o p depositors, not in cluding dividends cred ited .................... 1 5 ,3 5 9 ,3 0 2
F r o p interest on loans, deposits and investm ents......................... 4 ,1 3 7 ,3 3 5
From rents from other real esta te .....................................................
39,821
From m ortga ges......................................................................................... 2 ,3 9 7 ,7 5 0
From redem
ption of stocks and bonds...............................................
5 5 ,0 0 0
F rom stocks and bonds sold (to ta l par value, $ 1 ,0 8 5 ,0 0 0 ).... 1 ,0 6 4 ,1 7 2
F rom a ll other sources, v iz .:
Redem ption o f judgm ent against State o f New Y ork.
From receiver — ................................................................
Insurance r e fu n d ...................................................................




$14,773 02
|| |4
2328

-------------

00
48
33
14
00
00
28

«•
»,

14,804 04
$27,163,053 87

N

ew

Y

obk

Co u n ty

17$

PAYM EN TS

T o depositors, including dividends paid to th em ...........................$ 1 6 ,7 3 2 ,3 7 4
F o r loans on bonds and m ortga ges...................................................
6 5 6 ,5 0 0
F o r stocks and bonds purchased, including premiums, com m is­
5 ,0 9 4 ,3 4 1
sions, etc. (to ta l pa r value, $ 5 ,02 2 ,5 0 0 )............................ ..
F o r interest ( other than dividend paym ents to d e p o s ito r s ). . .
37,975
F o r eurrent expenses o f the bank, v iz .;
F or salaries ...........................................................................
F or ta x e s :
Banking house, $14,915.23; surplus,
$48,250.65 ................................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ........................................... ».................................
Insurance ..........................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
Other ....................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

70
00
85
39

$113,201 00
63,165 88
793 48
1,140 00
1,959
2,300
23,370
1,175

37
83
97
92

24,476 29

231,583 74
F o r real estate acquired b y foreclosure, or in settlement o f
debts due the b a n k ..............................................................................
Other paym ents, v iz .:
Loss at counter......................................................................
Allow ed claim to depositor.................................................

£11,9 8 7 33

$244 00
214 88

458 88
Cash on hand and in banks o r tru st com panies December 31,
1916, a fter transactions o f the d a y ...............................................

4 ,1 9 7 ,8 3 1 98
$ 2 7 ,1 6 3 ,0 5 3 87

S T A T IS T IC A L IN F O R M A T IO N
Number
Number
Number
Am ount

o f open accounts January 1, 1917......................................
o f accounts opened or reopened during th e y e a r ...........
o f accounts closed durin g the y e a r . . . . ......... . . ...........
deposited during the year, n ot in cluding dividends

145,446
15,553
16,172

credited for that period......................................................... $15,359,302 48
Am ount w ithdraw n durin g the y e a r ........... ............................
A m ount o f dividends credited and p a id fo r the year, v iz .:
July 1, 1916...............................................................................$1,542,552 99
January 1, 1917........................................................................ 1,550,496 48

1 6 ,7 3 2 ,3 7 4 70

------------------ 3 ,0 9 3 ,0 4 9 47
A verage am ount o f each account January 1, 1917 ....................
647 13
Number o f accounts w hich exceeded $3,000, exclusive o f d iv i­
dends credited, a t th e la st tr ia l balance o f depositors’
ledgers, except deposits arising from society accounts, or
ju d icia l sales, o r tru st funds, or b y order o f a cou rt o f
record o r o f a su rroga te.....................................................................
1
T ota l am ount o f such a ccou n ts...................... ................. ...................
3 ,6 1 0 67
R ate per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
3%
R ate per cent, o f dividends to depositors during the six months
ending December 31, 1916..............................................................
3%
T o ta l earnings o f the bank for the year 1916, a fte r allow ing
fo r am ortization o f prem ium s and discou n ts............................. 4 ,1 7 1 ,0 3 8 37
T o ta l expenses o f the bank fo r the year 1916 ...............................
2 32,042 62
D ividends paid to depositors fo r the y e a r 1 9 1 6 . . . . . . . --------3 ,0 9 3 ,0 4 9 47
N et earnings for the year 1916 over expenses and dividends
paid to dep ositors..................................................................................
8 45,946 28




B epobt o n S avin g s B a n k s

176

65.

THE BOWERY SAVINGS BANE:, NEW YORK CITY

£128-30 B o w e r y ;
HENRY A . SCHBNCK, President.
W M. M. SPACEM AN. V ice-President.
W ILLIA M A . NASH, Vice-President.

Incorporated 1834]
W IL L IA M E. K N O X . Comptroller.
JOSEPH G. L ID D LB, Secretary.
P E R C Y G. DELA M A TE R , Aset. Secy.

TRUSTEES
H 1N B Y A . SCHBNCK,
WM. M . SPACEM AN,
W M . A. NASH.
GEO. H. BOBlfcSON,
GEORGE JEREM IAH ,
H EN RY C. BERLIN,
C H ARLES E. BIGELOW",
THOM AS B. KENT,

W IL L IA M C. WOOD,
I. W . DRUMMOND,
H. B. DOM INICK,
C. LAW REN CE P E RK IN S,
R O B E R T M. GA LLA W A Y,
M A R K M. M ACLAY.
FR A N C IS S. BANGS,

L E W IS L . C LARKE,
R IC H A R D M . HOE,
GEORGE M eN BIR,
CHARLES H. TENNEY,
W . H U L L W ICKH AM ,
ST E P H E N BA K E R .
A R TH U R L. LESH ER,
S. W , F A IR C H ILD .

F IN A N C IA L
RESOURCES

Bonds and m ortga ges............................................................................... $ 6 3 ,7 1 0 ,3 6 5 00
Stock and bond investments^ v iz .:
P ar
S to c k s and bon d s
value
$874,000 00
State o f New Y ork .................
State o f M assachusetts.......... 1,216,000 00
50,000 00
State o f Rhode Islan d..........
C ities in other States............ 6,816,500 00
Cities in this State............... 10,150,299 43
R ailroad m ortgage b o n d s .... 28,993,000 00
Land Bank o f State o f New
Y o r k ........................................
46,000 00

O riginal
Estimated
cost
m arket value
$897,210 00
$882,740 00
1,277,868 80
1,155,080 00
64,662 60
49,000 00
7,334,122 30
6,766,360 00
10,677,390 44 10,354,158 94
32,005,809 56 27,988,940 00
45,315 74

46,283 31

$48,143,799 43 $52,292,209 34 $47,230,562 25

r.................... —
»»»«■ » — —
4 7 ,2 3 0 ,5 6 2 25
B anking house and lot, hook value, $175,000; cost, $796,080.175,000 00
9 1 ; actual cash v a lu e............................................................................
O th er

re a l esta te, b o o k

v a lu e , $ 3 5 7 ,0 0 0 ;

c o s t, $4 4 2 ,8 9 7 .1 2 ;

actual cash v a lu e .................................................................................
Cash on deposit in banks or tru st com panies...............................
Cash on h an d ...............................................; ............................................
T ota l o f collectible in terest.....................................................................
A m ount o f all oth er assets, v iz .:
Rents accrued ........................................................................
Taxes advanced .....................................................................

357,000 00
6 ,0 0 4 ,9 2 0 95
1 ,0 3 8 ,8 8 1 31
1 ,7 7 8 ,7 4 6 92

$811 67
5,706 39

-------------------------------------- 6 ,5 1 8 06
$ 1 2 0,3 0 1 ,9 9 4 49

L IA B IL IT IE S

= = = — =======

A m oun t due depositors, v iz .:
P rincipal .............................................................................. $104,282,549 96
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916............... .
1,728,508 05

------------------ $106,0 1 1 ,0 6 8 01
Surplus on m arket v a lu e.......................................................................... 1 4 ,29 0 ,9 3 6 48
$ 1 2 0,3 0 1 ,9 9 4 49
Surplus on par value, $15,204,173.66.
• ..............
—
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f th e d a y . . ; . ................................. $ 7 ,1 1 7 ,3 1 8
F rom depositors, n ot in cluding dividends cred ited ...................... 2 2 ,2 1 9 ,7 9 0
F rom interest on loans, deposits and investm ents....................
4 ,9 4 7 ,0 1 2
F rom rents from other real esta te ................................. .................
3 6,559
F rom m ortga ges.............................................................................'........... 3 ,0 4 1 ,6 0 0
F rom redemption o f stocks and b on d s...............................................
836,377
F rom stocks and bonds sold (to ta l par value, $ 2 ,1 7 8 ,0 0 0 )------ 2 ,0 1 3 ,4 5 3
56,825
F rom real estate s o ld ................................................................................
F rom all other sources, v iz .:
C ollections ...............................................................................
P ublic ’p h o n e ..........................................................................

Satisfaction ........................................................




$9 39
15 95

88
57
80
08
00
75
58
00

14400

N e w Y ork C o u n t y
N otarial fees .........................................................................
Adjustm ent o f overdraft......................................................
Deficiency judgm ent ............................................................
Expense, real estate..........................................................
Insurance premium, refunded............................................
Taxes advanced, refunded..................................................

177
$66 75
20 00

60
142
7
40,000

00
68
74
00

40 ,44 6 51
$ 4 0 ,3 0 9 ,3 8 4 17
PAYMENTS
........-............ ..........
T o depositors, including dividends paid to th em ..............................$22,4 6 2 ,3 1 3 10
F or loans on bonds and m ortgages...................................................
4 ,6 0 8 ,7 0 0 00
F or stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l par value, $5,506,500)......................................
5 ,7 4 2 ,0 2 2 19
F or interest (other than dividend payments to d e p o s ito r s ). . .
54 ,17 6 33
F or current expenses o f the bank, v iz .:
F or s a la rie s .............................................................................
F or ta x e s :
Banking house, $7,068.02; surplus,
$111,066.23 ..............................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Other ..................................................................................
F or expenses o f other real estate, v iz .:
R e p a ir s ...............................................................................
Insurance ...........................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se...

$125,646 00
118,134 25
2,098 97
13,844 00
8,765
2,803
8,861
8,535

61
05
30
16

39,899 52

-----------------F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ..............................................................................
Other paym ents, v iz .:
Cash short — teller’ s ...........................................................
A djusting overdraft ...........................................................
Taxes advanced .....................................................................

328,587 86
17,413 98

$104 00
20 00
52,244 45

-----------------Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y ...............................................

52 ,36 8 45
7 ,0 4 3 ,8 0 2 26

$ 4 0 ,3 0 9 ,3 8 4 17
S T A T IS T IC A L IN F O R M A T IO N
........ .............=
Number o f open accounts January 1, 1917...................................
143,895
N um ber o f accounts opened or reopened during the y e a r .........
2 1,072
Number o f accounts closed during the y e a r ...............................
19,763
A m ount deposited during the year, n ot including dividends
credited fo r that p e rio d ........................................................................ $ 2 2 ,2 1 9 ,7 9 0 57
A m ount w ithdraw n during the y e a r ....................................................... 2 2 ,4 6 2 ,3 1 3 10
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1916................................................................................ $1,703,084 60
January 1, 1917........................................................................ 1,728,508 05

------------------ 3 ,4 3 1 ,5 9 2 65
Average am ount o f each account January 1, 1917..........................
736 72
Number o f accounts w hich exceeded $3,000, exclusive o f d iv i­
dends credited, at the last tr ia l balance o f depositors’
ledgers, except deposits a risin g from society accounts, or
ju d icia l sales, o r trust funds, or b y order o f a cou rt o f
record or o f a su rroga te.....................................................................
5
T o ta l am ount o f such accou nts............................................................
$17,057 40
Kate per cent, o f dividends to depositors during the six months
ending June 30, 1916....................................................................... " . .
3%
R ate per cent, o f dividends to depositors during the six months
ending December 31, 1916..................................................................
3%
T otal earnings o f the bank for the year 1916, after a llow in g
fo r am ortization o f premiums and d iscou n ts........................... $ 4 ,8 4 7 ,1 1 0 82
T otal expenses o f the bank for the year 1916.............................
328,587 86
D ividends paid to depositors fo r th e year 1916 ............................. 3 ,4 3 1 ,5 9 2 65
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors..................................................................................
1 ,0 8 6 ,9 3 0 31




178

R
66 .

epoet

on

S a v in g s B

anks

BROADWAY SAVINGS INSTITUTION, NEW YORK CITY

15-7 Park p la c e ; Incorporated 15S1J
HORACE F . HUTCHINSON. President.
EUGENE BRITTO N , Treasurer,
J. A . GEISSEN H AIN ER, Vice-Pres.
W IL L IA M H. ROSE, Secretary.
R IC H A R D B . K E L LY , Vlce-Pres.

TRUSTEES
J . A . GEISSENHAINER,
H. F. HUTCHINSON,
E U G E N I BRITTON ,
H. M ORTIM ER BRUSH,
OSCAR T . M ACKEY,

R IC H A R D B. K E L LY ,
REM SEN JOHNSON,
E D W AR D TOWNSEND,
F R E D E R IC K W. HU N TER
CH A R LE S A . FR AN K ,

SAMUEL S . BLOOD.
HENRY A. HOW ARTH ,
W IL L IA M H. ROSE,
A . B. W ESTE R V E LT,
E D W AR D E. W AT T S,

F IN A N C IA L
RESOURCES

Bonds and m ortga ges......................
Stock and bond investm ents, v iz .:
S to c k s and b onds

State o f New Y ork...................
State o f M issouri....................
State o f M aryland...................
Cities In other S tates............
Cities in this State.................
Counties in this State............
Villages in this S tate..............
R ailroad m ortgage bon ds—

value
$50, (X ) 00
X
J40,000 00
100,000 00
200,000 00
321, M0 00
300,000 00
8,000 00
2,5O3,0M 00
$3,622,000 00

$ 9 ,0 1 7 ,3 5 0 00
Original
Estimated
cost
m arket value
$53,000 00
$51,437 50
137,126 52
140.000 00
100.000 00
99,875 00
222,328 00
202,000 00
330,432 83
326,785 00
300,000 00
294,000 00
8,045 91
8,040 00
2,680,592 22
2,465,070 00
$3,829,837 98

$3,588,895 00

3 ,5 8 8 ,8 9 5 00
Banking house and lot, book value, $270,000; cost, $271,261.83;
actual cash v a lu e . . . . . . . . . . . . .
Other real estate, book value, $695,000; cost, $713,794.07;
actual cash v a lu e......................................................................... ..........
Cash on deposit in banks or tru st com panies.................................
Cash on h an d...............................................................................................
T ota l o f collectible in terest..................................................................

270.000 00
695.000
1 ,4 9 1 ,9 6 5
126,495
160,794

00
82
36
13

$ 1 5 ,3 5 0 ,5 0 0 31
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal ..................................................................................$14,387,662 67
Dividends credited or to be credited fo r the six
m onths ending w ith December 31, 1916.........................
273.244 ST

------------------ $1 4 ,6 6 0 ,9 0 7 54
Surplus on market v a lu e.......................................................................
689,592 77
$ 1 5 ,3 5 0 ,5 0 0 31
Surplus on par value, $722,697.77.
CASH T R A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................. ................. $ 1 ,2 8 2 ,2 7 7 52
From depositors, n ot including dividends cred ited ......................... 3 ,4 2 5 ,6 6 8 18
644,364 10
From interest on loans, deposits and investm ents.........................
8 ,5 4 6 10
From rents from other real esta te........................................ ...............
467,0 0 0 00
F rom m o r tg a g e s ..........................................................................................
582,8 0 0 00
From redemption o f stocks and b on d s...............................................
125,398 38
F rom stocks and bonds sold ( tota l par value, $ 1 2 3 ,0 0 0 ).........
3 8 ,50 0 00
F rom loans p a id .........................................................................................
190,378 02
F rom real estate s o ld ................................................................................




$ 6 ,764,932 30

N e w Y ork C o u n t y

170

PAYMENTS
T o depositors, including dividends paid to th em ........................... $ 3 ,0 8 6 ,3 0 3
F o r loans on bonds and m ortga ges....................................................
5 08,400
2 8 ,5 0 0
F o r loans on stocks and bonds and other secu rities.................
F o r stocks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l par value, $ 1 ,00 2 ,0 0 0 )..................................
1 ,0 4 7 ,6 2 4
F o r interest (oth er than dividend paym ents to d e p o s ito r s )..
11,456
F o r eurrept expenses o f the bank, v iz .:

62
00
00
69
01

F or s a la r ie s .............................................................................
f 35,630 00
F or ta x e s :
Banking house, |3,710.60; surplus,
$6,789.11; on mortgages, $296.............................................
9,794 71
F o r expenses, except taxes, o f banking h ou se :
Repairs ...............................................................................
379 72
Insurance ..........................................................................
438 18
F o r expenses o f other real estate, v i z .:
Repairs ...............................................................................
1,645 81
Insurance ................................................
835 39
T a x e s .......................................................................
13,346
59
F o r other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...
5,172 69

-----------------F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the h an k ................................................................................
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y .............................................

66 ,94 3 09
307,243 71
1 ,6 1 8 ,4 6 1 18
$ 6 ,7 6 4 ,9 3 2 30

S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accounts January 1, 1917....................................
15,929
Number o f accounts opened or reopened durin g the y e a r . . .
2 ,5 1 3
Number o f accounts closed during the y e a r .................................
1,057
A m ount deposited during the year, n ot in cluding dividends
credited fo r that p e riod ..................................................................... $ 3 ,4 2 5 ,6 6 8 18
A m ount w ithdraw n during the y e a r ...................................................
3 ,0 8 6 ,3 0 3 62
A m oun t o f dividends credited and pa id fo r the year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................

$266,324 85
273,244 87

A verage am ount o f each account Janu ary 1, 1917....................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916........... ...............................................................
R ate per cent, o f dividends to depositors du rin g the six m onths
ending Decem ber 31, 1916...................................................................
T ota l earnings o f the bank fo r the year 1016, after allow in g
fo r am ortization o f premiums and discou n ts.............................
T otal expenses o f the bank fo r the year 1916...............................
D ividends paid to depositors fo r the year 1916.........................
N et earnings fo r the year 1916 over expenses and dividends
paid to d ep ositors..................................................................................




5 38.569 72
920 39
4
4
$632,411 60
66,943 09
538.569 72
26,898 79

180

R

m.

eport

on

S a v in g s B

anks

CITIZENS’ SAVINGS BANK, NEW YORK CITY
[64-58 B o w e ry ; incorporated 1860]

H EN RY H ASLER, President.
CH ARLES H. SM ITH , V lce-Pres.
CHARLES H. C LARK, V lce-Pres.

H EN RY SAYLER, Secretary.
E M IL A . HU BER, Asst. Secretary.

TRUSTEES
CHAS. H. STEIN W A Y.
H EN RY HASLER,
PE R C IV A L KUHNE,
JAM ES ROWLAND,
A R TH U R W . WATSON,
JOHN C. JUHRING,
JOHN M. FUCHS,

D A V ID C- TOW NSEND,
F R E D ’K W. W URSTER,
CH A R LE S H. SM ITH ,
JOHN A. BE A LL,
CH A R LE S H. CLARKE,
E D W A R D H. TITU S,
B A R A K G. COLES, Js.

R IC H A R D A . B A C H IA ,
JU LIU S DE LONG,
H E N R Y SAYLER,
W AR N E R D. ORVIS,
W IL L IA M H. SCHM IDT.
AUGUSTUS W . K E LLE Y ,
E D W IN E . DICKINSON.

FINANCIAL
RESOURCES

$ 8 ,8 9 3 ,8 0 0 00

Bonds and m ortga ges....................
Stock and bond investm ents, v iz .:
Stocks and b on d s
State o f
State o f
C ities in
Cities in
Counties

New Y ork.................
M assachusetts.......
other States............
this State.................
in this S tate............

Par
value
$900,000 00
1,000, W0 00
2,700,000 00
8, * ,0 0 0 00
130,000 00
$8,016,000 00

Original
Estimated
market value
cost
$983,151 90
$969,000 00
958,000 00
1,12?, 117 00
2,943,791 80
2,752,000 00
3,541,561 15
3,316,215 00
128,700 00
150,995 00
$8,741,616 85

$8,123,915 00

8 ,1 2 3 ,9 1 5 00
Banking house and lot, book value, $125,000; cost, $276,208.16; actual cash v a lu e ..................................................................
Other real estate, book value, $86,000; cost, $121,041.61;

125,000 00

v a lu e .................................................................. ....................

86,000 00

Cash on deposit in banks or trust com panies.................. ...........
Cash on h a n d ...............................................................................................
T ota l o f collectible in terest.....................................................................

1 ,6 2 8 ,6 0 6 97
251*496 14
177,286 51

a c tu a l ca sh

$ 1 9 ,2 8 6 ,1 9 4 62
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal ..................................................................................$16,520,236 70
Dividends credited o r to he credited fo r the sis
months ending w ith December 31, 1916...................... .
272,479 73

------------------r $16,792,716 43
Surplus on m arket v a lu e............................. ...........................................
2 ,4 9 3 ,4 7 8 19
$ 1 9 ,2 8 6 ,1 9 4 02
Surplus on par value, $2,385,563.19.
CASH T R A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IPTS




§ § s §

Cash on hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y ............................................ $ 2 ,0 3 8 ,2 0 6 74
3 ,6 1 3 ,0 8 3 52
F rom depositors, n ot in cluding dividends cred ited ....................
766,265 41
From interest on loans, deposits and investm ents....................
7 ,6 8 0 00
F rom rents from banking h ou se........................................................
4 ,5 0 6 47
F rom rents from other real esta te...............................................
341,100
F rom m ortgages ........................................................................................
187,000
F rom redemption o f stocks and b on d s.............................................
168,795
F rom stocks and bonds sold (to ta l par value, $ 1 7 1 ,0 0 0 ) ....
6 1 ,00 0
F rom real estate s o ld ................................................................................

181

N e w Y oke County
F rom a ll other sources, v iz .:
C ollection, deficiency judgm ents.......................................
B ent received during foreclosure.......................................
P rofit on bonds sold ..............................................................

$2,081 43
3,329 46
375 00

------------------

$5 ,78 5 8S
$ 7 ,1 9 3 ,4 2 3 03

PAYM EN TS

T o depositors, in cluding dividends paid to th em ......................... $ 3 ,6 7 3 ,1 1 4
F o r loans on bonds and m ortgages. . ...............................................
306 ,5 0 0
F o r stocks and bonds purchased, including premiums, com m is­
1 ,0 4 7 ,8 2 1
sions, etc. (toa l par value, $ 1 ,00 0 ,0 0 0 )........................................
8 ,7 25
F or interest (oth er than dividend paym ents to d e p o s ito rs ).
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s :
Banking house, $3,536.23; surplus,
$22,639.70 .........................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ...............................................................................
Insurance ..........................................................................
F or expenses o f other real estate, v i z .:
Repairs .............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

89
00
80
0Q

$51,700 00
26,175 93
426 70
360 41
1,458
171
1,719
86

28
80
51
11

12,735 45

94,834 19
F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ................................................................................
Other payments, v iz .: Com missions, sale o f real esta te...........
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y . .............................................

181,589 04
645 00
1 ,8 8 0 ,1 9 3 11
$ 7 ,19 3 ,4 2 3 03

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917......................................
27,277
Number o f accounts opened or reopened during the y e a r . . . .
2 ,9 4 0
Num ber o f accounts closed during the y e a r ....................................
2,791
A m ount deposited during the year, n ot including dividends
credited fo r that p e r io d ....................................................................... $ 3 ,61 3 ,0 8 3 52
A m ount w ithdraw n during the y e a r ...............................
3 ,6 7 3 ,1 1 4 89
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................

$267,931 30
272,479 73

-------- ---------A verage amount o f each account, January 1, 1917.....................
Num ber o f accounts w hich exceeded $3,000, exclusive o f
dividends credited, a t th e last tria l balance o f depositors’
ledgers, except deposits a risin g from society accounts, or
ju d icia l sales, or tru st funds, o r b y order o f a cou rt o f
record or o f a s u r r o g a te ................................................................. ....
T o ta l am ount o f such a ccou n ts............................................................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916..............................................................................
R ate per cent, o f dividends to depositors during the six months
ending December 31, 1916...................... .........................................
T otal earnings o f the bank fo r the year 1916, after allow in g
fo r am ortization o f prem ium s and d iscou n ts.............................
T ota l expenses o f the bank fo r the year 1916.............................
D ividends paid t o depositors fo r the year 1916.................. ...... ..
N et earnings fo r the year 1916 over expenses and dividends
pa id to depositors ................................................................................




540,411 03
615 63

1
$7 ,03 9 00
3%
3%
$ 7 51,344 74
94,834 19
540,411 03
116,099 52

R eport o h S av in g s B a n k s

12
8

6 8 . CO M M ONW EALTH SA V IN G S B A N K OF N E W Y O R K C IT Y
[2007 Amsterdam av en u e; incorporated 1910]
LOU IS K . UNGRICH, V ice-Pres.
CHARLES S. GAUBERT, Secretary.

JOHN H. BOSCHEN, President.
JOHN A . M URRAY, Viee-Pres.

TR U ST E E S
HEBM AN W . B EYER,
JOHN H. BOSCHEN.
GEORGE H . H YDE,
JOHN R. DAVIES,
FRAN K B. FRENCH,
SIGMUND W EC H SliSR ,
CH ARLES S. GAU BERT,
P H IL IP HANO,

V A LE N TIN E J. HAHN,
CORNELIUS HUTH,
TH OM AS F. MCAVOY,
JOHN A . M U RRAY.
C H R ISTIAN SCHIEfeLOH,
WM. F . SCHNEIDER,
GUSTAV SCHOLER,
DONALD G. SIN CLAIR,
R IC H A R D H. SM ITH ,

LOUIS K . UNGRICH,
M ARTIN W ALLA C E,
BURTON J. W IL K E ,
W IL L IA M S. BENNETT,
OTTO H. SCHLOBOHM,
FR AN K P. 8CH IM PF,
JOHN E. O’CONNELL.
RUFUS P . JOHNSTON.

F IN A N C IA L
RESOURCES

Bonds and m ortgages......................
Stock and bond investm ents, v iz .:

$ 7 31,600 00

P ar
value
$10,000 00
26,000 00
113,000 00
4,600 00
139,000 00

S to e k s an d b on d s

State o f C alifornia ................
Cities in other States............
Cities in this State.................
School districts in this State
Railroad m ortgage bonds—

$291,800 00

Cash on
Cash on
T ota l o f
A m ount

O riginal
Estimated
market value
cost
$9,706 20
$10,100 00
26,669 02
26,450 00
110,424 30
115,460 00
4,894 09
4,954 00
133,544 12
132.420 00
$284,227 73

$289,384 00

289,3 8 4
117,420
6 ,1 01
18,597

deposit in banks o r trust com panies.............................
hand ..............................................................................................
collectible in terest...................................................................
o f a ll other assets, v iz .: Furniture and fixtu res___

00
56
26
62

1,200 00
$ 1 ,1 6 4 ,3 0 3 44

L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal .................................................................................. $1,115,084 42
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916...........................
18,356 65

------------------ $ 1 ,13 3 ,4 4 1 07
Surplus on m arket v a lu e .........................................................................
30 ,86 2 37
$ 1 ,1 6 4 ,3 0 3 44
Surplus on par value, $33,078.37.
CASH TR A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks o r tru st com panies January 1,
1916, b efore transactions o f the d a y ..........................................
F rom depositors, n o t in cluding dividends cred ited ..................
F rom interest on loans, deposits and investm ents......................
F rom rents from other real e s ta te ...................................................
F rom m o r t g a g e s .........................................................................................
F rom real estate s o ld ..............................................................................
F rom all other sources, viz,:
R efund o f tax (erroneously p a id )...................................
Insurance premium unexpired returned.........................




$ 95,606
7 39,120
4 0 ,17 5
221
5 ,0 0 0
2 7 ,80 0

59
77
33
25
00
00

$106 28
31 10

137 38
$908,061 32

183

N e w Y oke: C o u n t y
PAYM EN TS

To depositors, ineluding dividends paid to th em .........................
F o r loans on bonds and m ortga ges................................. .................
F o r stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l par value, $ 8 5 ,0 0 0 )..........................................
F o r interest (oth er than dividend paym ents to depositors) . .
F or current expenses o f the bank, v iz .:
F or s a la r ie s .............................................................................
For rent o f banking room s..................................................
F or expenses o f other real estate, v iz .:
Repairs ..............................................................................
Taxes ................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$436,562 94
2 50,300 00
8 2 ,90 0 00
659 92

$4,495 99
1,200 00
15 00
517 49
39 69
1,023 55

7,291 63
F or real estate acquired by foreclosure, or in settlem ent o f
debts due the b a n k ................................................................................
Other paym ents, v iz .: Taxes and com m issions on real estate
sold . . . ....................................................................................................
Cash on hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y ...............................................

6 ,641 31
183 70
123,521 82
$908,061 32

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917....................................
Number o f accounts opened or reopened during the y e a r___
N um ber o f accounts closed during the y e a r ..................................
A m ount deposited durin g the year, n ot in cluding dividends
credited fo r that p e rio d .......................................................................
Am ount w ithdraw n during the y e a r .................................................
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................

6,115
2 ,4 4 5
931
$ 7 39,120 77
4 36,562 94

$15,699 33
18,356 65

-------------------------------------- 34 ,05 5 98
A verage am ount o f each account Janu ary 1, 1917....................
185 35
Rate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916............................................................................
4
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916...................................................................
4
T ota l earnings o f the bank for the year 1916, a fter allow in g
fo r am ortization o f premiums and d iscou n ts.............................
$47,594 66
T ota l expenses o f the bank fo r the year 1916.............................
8 ,1 3 7 41
D ividends paid to depositors fo r the year 1916.............................
34 ,05 5 98
N et earnings fo r th e year 1916 over expenses and dividends
paid to depositors ................................................................................
5 ,4 01 27




184

R eport on S avin g s B a n k s
60. DRY DOCK SAVINGS INSTITUTION, NEW YORK CITY

[341 B o w e ry ; incorporated 1848]
ANDREW M ILLS, President.
S A M U E L W EB STE R , Secretary.
WM. F . PATTERSON, V ice-President.
F R E D E R IC K SHERWOOD, A sst. Secy.
BEN J. D b F. CURTISS, Vice-Pres.

TRUSTEES
ANDREW M ILLS,
FR ED ER IC K ZIT T E L ,
JOHN A. TACK ABERBY,
W IL L IA M S. GRAY,
BENJ. DBF. CURTISS,

W . M. BENNETT,
W A L T E R E. F R EW ,
WM. H. REMICK,
LORENZO DAN IELS,
W M . F. PATTERSON .

GEORGE B. HODGMAN,
R IC H A R D T. D AVIES,
AN D R E W M ILLS, Ja,
W A L T E R P . B E LK N AP.
AUGUSTUS H. TEN NIS,

F IN A N C IA L
RESOURCES
B o n d s a n d m o r t g a g e s ................................

Stock and bond investments, viz.:
P ar
Stocks and bonds
value
State o f New Y ork............... . $200,000 00
State o f M aryland.................
100,000 00
State o f C alifornia...............
100,000 00
250.000 00
State o f Tennessee............
State o f M assachusetts........
900.000 00
C ities in other S tates............ ,. 4,923,000 00
Cities in this State............... .. 5,121,128 94
Counties in this S tate........
100.000 00
R ailroad m ortgage bon ds... .. 9,183,000 00

Original
Estim ated
m arket value
GOSt
$201,000 00
$212,000 00
94,524 36
97,000 00
96,623 20
101,000 00
257,7# 23
275,500 00
980,557 50
864.000 00
5,218,764 70
5,037,610 00
5,278,632 01
5,249,500 58
108,880 00
100.000 00
9,8%, 644 14
8,974,280 00

120,877,138 94 $22,073,346 14 120,910,890 %

—
7—
................ ■ —
—
2 0 ,9 1 0 ,8 0 0 58
Banking house and lot, book valued $150,000; cost, $568,571,31;
actual cash v a l u e ......... ........................................................................
1 50,000 00
Other real estate, book value, $47,872.23; cost, $47,872.23;
actual cash value ..................................................................................
4 7 ,8 7 2 23
Cash on deposit in banks or tru st com panies...............................
3 ,0 9 1 ,9 3 9 57
Cash on h a n d ...............................................................................................
799,169 21
T ota l o f collectible in terest................................................. .................
857,145 33
$54,008,516 92
L IA B IL IT IE S

A m ounts due depositors, v iz .:
P rincipal ..................................................................................$48,252,840 41
Dividends credited o r to be credited fo r the six
m onths ending with December 31, 1918.........................
777,5® 44

-----------------$ 4 9 ,0 3 0 ,3 9 9 85
Other liabilities, v iz .: Expenses incurred, but u npaid ; reserve
fo r taxes ..................................................................................................
2 3 ,00 0 00
Surplus on market v a lu e ......................
4 ,9 5 5 ,1 1 7 07
$ 5 4 ,0 0 8 ,5 1 6 92
Surplus on par value, $4,921,355.43.
CASH T R A N SA C TIO N S D U R IN G T H E Y E A R

1916

R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................ $ 3 ,4 1 3 ,2 9 5
F rom depositors, n ot in cluding dividends cred ited .................... 1 3 ,2 2 3 ,0 9 2
F rom interest on loans, deposits and investm ents.......................... 2 ,1 7 4 ,9 7 5
F rom rents from other real esta te...................................................
1 ,7 2 0
F rom m ortgages ......................................................................................... 2 ,0 0 8 ,0 0 0
F rom redem ption o f stocks and b on d s..............%............................
511,8 0 0
F rom stocks and bonds sold {to ta l par value, $ 7 5 0 ,0 0 0 ) ....
698,437
F rom real estate s o ld ...............................................................................
4 7,627




70
47
58
72
00
00
50
04

H e w Y ork C o u n t y

185

F rom a ll oth er sources, v iz .:
Insurance premium advanced, returned.........................
Deficiency judgm ent ............................................................

$16 50
3,636 70

------------------

$3 ,65 3 20

$ 2 2 ,0 8 2 ,6 0 2 21
P AYM EN TS

T o depositors, including dividends paid to th em ........................ $10,948,709 76
F or loans on bonds and m ortga ges...................................................
2 ,1 7 4 ,0 0 0 00
F o r stocks and bonds purchased, in cluding premiums, commism issions, etc. (to ta l par value, $ 4 ,64 2 ,0 0 0 ).............................
4 ,8 0 6 ,2 2 9 32
F o r interest (oth er than dividend paym ents to d e p o s ito r s )..
35 ,47 6 32
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s :
Banking house, $4,316.19; surplus,
$40,510.49 ...............................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ...............................................................................
F or expenses o f other real estate, v i z .:
Repairs................................................................................
Insurance............................................................................
Taxes...................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u s e ....

$78,366 00
44,826 68
766 12
140 25
153 00
689 42
17,920 62

-----------------F o r real estate acquired b y foreclosure, or in settlem ent of
debts due the bank ..............................................................................
Cash on hand and in banks or trust com panies December 31,
1916, a fter transactions o f the d a y .................... .......................

142,862 09
84 ,21 5 94
3 ,8 9 1 ,1 0 8 78
$ 2 2 ,0 8 2 ,6 0 2 21

S T A T IS T IC A L IN F O R M A T IO N
Number o f open accounts Janu ary 1, 1917....................................
83,118
Number o f accounts opened or reopened during the y e a r . . . .
16,889
Number o f accounts closed du rin g the y e a r ..................................
12,971
A m ount deposited during th e year, n ot in cluding dividends
credited fo r that p e r io d ....................................................................... $13,223,092 47
Am ount withdraw n during the y e a r ...................................................
10,948,709 76
Am ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................

$746,540 28
777,559 44

------------------ 1 ,5 2 4 ,0 9 9 70
Average am ount o f each account January 1, 1917....................
589 89
R ate per cent, o f dividends to depositors during the six m onths
, ending June 30, 1916............. .............................................................
3%
R ate per cent, o f dividends to depositors du rin g the six months
ending December 31, 1916.................................................................
3%
T ota l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f premiums and d iscou n ts........................... $ 2 ,1 6 9 ,0 9 9 52
T ota l expenses o f the hank fo r the year 1916.............................
142,862 09
D ividends paid to depositors fo r the year 1916...........................
1 ,5 2 4 ,0 9 9 70
N et earnings for the year 1916 over expenses and dividends
pand to d e p o s it o r s ................................................................................
502,137 73




186
70.

R eport o n S a y in g s B a n k s
THE EAST RIVER SAVINGS INSTITUTION, NEW YORK CITY

[291-295 B ro a d w a y ; incorporated 1848]
DIC K S. RAMSAY, President.
CH A R LE S A. W H ITN EY, Secretary.
GEORGE A B E E L, Vice-Pres.
LE ST E R VAN BRUNT, Asst. Secretary.

TR U STE E S
HENRY T. NICHOLS,
GEORGE A R E E L,
DIC K S. RAMSAY,
W ARREN C. B A R B E R ,
RIC H A R D YOUNG,
J. W O RRALL ARTH U R ,
W IL L IA M C. SM ITH ,

D A N IE L W. W H ITM ORE,
CHAS. A . O’DONOHUE,
W IL L IA M C. T A B E R ,
JU LIA N D. F A IR C H ILD ,
W IL L IA M COVERLY,
E YE R SL Y CHILDS,

JAM ES B. CLEW S,
J. FRED. PIERSON,
JULIAN P . FA IR C H ILD ,
D A R W IN R. JAM ES, J b .,
JAM ES A . SM ITH,
CHARLES A. P E R fclN S .

F IN A N C IA L
RESOURCES

Bonds and m ortga ges................................................................................1 1 7 ,9 2 1 ,7 3 0 00
Stock and bond investm ents, v iz .:
S to c k s an d b on d s

State o f New Y ork .................
State o f M assachusetts.........
State o f Tennessee...................
Cities in other States............
Cities in this S tate.................
Counties in this S tate............
Tow ns in this S tate...............
R ailroad m ortgage bonds—

P ar
value
$750,000 00
1,250,000 00
100,000 00
3,163,000 00
6,684,500 00
280,000 00
36,000 00
3,332,000 00

O riginal
Estimated
cost
market value
$761,900 00
$757,50000
1,328,505 15
1,199,40000
99,625 00
102,00000
3,268,066 44
3,248,10000
6,633,495 18
6,692,42000
300,507 50
281,50000
36,574 92
38,52000
3,221,264 25
2,929,89000

$15,595,500 00 $15,649,938 44 $15,249,330 00

.- .. — ......... ..... .......-........ =====......
.
1 5 ,2 4 9 ,3 3 0 00
Banking house and lot, book value, $1,300,000; cost, $1,596,985.74; actual cash va lu e...................................................................
1 ,3 0 0 ,0 0 0 00
Other real estate book value, $473,501.97; cost, $473,501.97;
actual cash value ................................................................................
473,501 97
Cash on deposit in banks or trust com panies.............................
5 ,4 5 3 ,0 7 1 09
Cash on hand .............................................................................................
6 ,9 8 7 71
T o ta l o f collectible in terest...................................................................
342,911 45
A m ount o f all other assets, v iz .: Rents a ccru ed.........................
459 00
$ 4 0 ,7 4 8 ,8 9 1 22
L IA B IL IT IE S

-... ........... ..... ...........

A m ount due depositors, v iz .:
P rincipal ..................................................................................$35,887,801 24
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1916........................
685,513 90

------------------ $36,573,315 14
Surplus on market v a lu e .........................................................................
4 ,1 7 5 ,5 7 6 08
$4 0 ,7 4 8 ,8 9 1 22
Surplus on par value, $4,521,746.08.
CASH TR A N SA C T IO N S D U R IN G TH E Y E A R

1916

R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................. $ 4 ,5 8 5 ,6 2 2
F rom depositors, n ot including dividends cred ited ....................... 8 ,4 7 2 ,1 9 7
From interest on loans, deposits and investm ents..................... 1,6 25 ,1 1 1
F rom rents from banking h ou se..................................................
76 ,86 8
From rents from other real esta te ..................................................
35,427
From m ortgages .........................................................................................
1 ,4 1 8 ,6 2 5
F rom redemption o f stocks and b on d s...........................................
2 9 9 ,0 0 0
F rom real estate s o ld .............................................................................
58 ,00 0
From a ll other sources, v iz .:
M ortgage extension agreements........................................
Satisfaction and assignm ents.............................................
A ppraisal fees ........................................................................
Refund account ......................................................................
From tenants fo r changes m ade.......................................
Rents from m ortgaged prem ises........................................
Taxes and insurance from m ortgaged prem ises.........




$316 00
133 50
670 00
2,190 41
194 97
3,213 26
2,142 95

66
67
81
08
33
00
00
00

H e w Y ork C o u n t y
Deficiency judgm ent ...........................................................
Cash difference, teller’s .........................................................

187
f 10,000 00
119 00

$ 18,980 09
$ 1 6 ,5 8 9 ,8 3 2 64
P AYM EN TS

................................

T o depositors, including dividends paid to th em ........................ $ 7 ,6 3 4 ,2 7 9
F o r loans on bonds and m ortga ges......... .......................................... 1 ,5 1 4 ,1 0 0
F o r stocks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l pa r value, $ 1 ,66 9 ,0 0 0 ).................................... 1 ,5 3 6 ,3 4 3
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). .
13,007
F o r cu rrent expenses o f the bank, v iz .:
F o r s a la r ie s .............................................................................
F or ta x e s :
Banking house, $26,676.72; surplus,
$29,243.08 ................................................................................
F or expenses, except taxes, o f banking house f
R epairs ...............................................................................
Insurance ..........................................................................
Other ..................................................................................
F or rent o f banking room s.................................................
F o r expenses o f other real estate, v i z .:
Repairs ...............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
Other ..................................................................................
F o r other expenses, n ot including expenses o f other
real estate nor other expenses o f banking house___

99
00
75
47

$42,128 00
K , 919 80
1,072 29
496 58
24,290 74
20,000 00
16,610
3,864
10,783
11,739

69
32
17
37

4,649 54

191,554 50
F o r real estate acquired by foreclosure, o r in settlement o f
debts due the h a n k ..................................................................................
Other paym ents, viz.
F ixin g up offices fo r tenants in banking house.........
Taxes, insurance and Interest paid on m ortgaged
p re m ise s................................................................................

2 3 0 ,1 6 0 82

$1,253 re
8,173 re

9 ,4 27 31
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ........................................

5 ,4 6 0 ,9 5 8 80

$ 1 6 ,5 8 9 ,8 3 2 64
STATISTDOAD IN FO RM ATIO N '
=============
N um ber o f open accounts January 1, 1917.................... ...............
3 2,789
N um ber o f accounts opened o r reopened during the y e a r . . .
5 ,6 0 8
N um ber o f accounts closed during th e y e a r....................................
4 ,6 05
Am ount deposited du rin g th e year, n ot including dividends
credited fo r th a t p e r i o d . . . . .............................................................. $ 8 ,4 7 2 ,1 9 7 67
A m ount w ithdraw n during the y e a r ...................................................
7 ,6 3 4 ,2 7 9 99
Am ount o f dividends credited and paid for the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917........................................................................

$664,808 78
685,513 90

------------------ 1 ,3 5 0 ,3 2 2
A verage am ount o f each account January 1, 1917......................
1 ,115
Num ber o f accounts w hich exceeded $3,000, exclusive o f
dividends credited, a t the la st tr ia l balance o f depositors’
ledgers, except deposits a risin g from society accounts, or
ju dicia l sales, or tru st funds, o r b y order o f a cou rt o f
record or o f a su rroga te.................. ..................................................
T ota l am ount o f such a ccou n ts............................................................
$15,3 5 4
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916......... ..................................................................
R ate per cent, o f dividends to depositors during the six: m onths
ending December 31, 1916...................................................................
T ota l earnings o f the bank fo r the year 1916, after allow in g
for am ortization o f prem ium s and d iscou n ts........................... $ 1 ,7 2 2 ,9 1 0
T o ta l expenses o f the bank fo r the year 1916...............................
191,554
D ividends paid to depositors fo r the year 1916......................... 1 ,3 5 0 ,3 2 2
N et earnings fo r the year 1016 over expenses and dividends
paid to depositors ................................................................... ..
181,033




65
41

5
31
4
4
62
50
65
47

R eport oh S av in g s B a n k s

188

71.

EMIGRANT INDUSTRIAL SAVINGS BANK* HEW YORK CITY

[51 Chambers stre e t; Incorporated I860]
JOHN J PULLEYN, President.
LOUIS V. O’ DONOHUE. Secretary.
M YLES TIE RN E Y , Vice-Pres.
JOHN S. DA LY, Comptroller.
JAM ES CLARKE, Vice-Pres.
JOHN J. BRENNAN, Deputy Com ptroller

TRUSTIES
L. V . O’ DONOHUE,
C. V. FORNES,
M YLES TIE RN E Y .
JO SE PH P . GRACE,
M. F. MCDERMOTT,

JA M E S CLAR K E ,
FR A N K S. GANNON.
JOHN J. PULLEYN,
JOHN G. O’K E E F FE ,
H E N R Y HE ID R ,
W IL L IA M B A R E N E SS,

JOHN J. DEERY,
JOHN D. RYAN,
TH OM AS B. M URRAY,
F . F. F IT Z P A T R IC K .
R O B E R T L . HOGUET,
E D W AR D F. M cM A N N lS.

F IN A N C IA L
'

RESOURCES

Bonds and m ortgages ............................................................................$ 8 4 ,1 5 6 ,1 7 0 00
Stock and bond investm ents, v iz .:
Par
S to c k s and 'bonds
value
State o f New Y ork................... $7,100,000 00
State o f Alabam a.................... 1,000,000 00
State o f A rizona......................
250,000 00
280,000 00
State o f C alifornia...................
State o f M assachusetts.......... 1,582, W0 00
State o f New M exico............
250,000 00
Cities In other States............ 5,587,326 00
Cities in this State................. 12,064,780 00
Counties in this S ta te ......... 1,360,208 66
Tow ns in this State...............
833,884 57
Villages in this S tate............
326,000 00
R ailroad m ortgage b o n d s .... 43,237,425 81

O riginal
Estimated
cost
m arket value
$7,311,712 11
$7,576,00000
1,068,008 62
1, (BO,000 00
252,721 75
262,50000
269,288 83
283,68000
1,748,610 00
1,511,®) 00
251,875 00
257,50000
5,746,787 60
5,7®, 767 71
12,834,223 49
12,963,75750
1,426,216 77
1,497,08953
. 870,905 68
897,891 86
337,174 97
332,83500
44,094,839 47
42,192,13110

$73,881,594 54 $78, 206,854 29 $74,590,862 70

7 4 ,5 9 0 ,8 6 2 70
Banking bouse and lot, book value, $3, 250,000; cost, $4,441,636.33; actual cash va lu e...................................................................
Other real estate, book value, $1,201,565.28; cost, $1,201,565.28; actual cash v a lu e...................................................................
Cash on deposit in banks or tru st co m p a n ie s................................
Cash on hand ..............................................................................................
T o ta l o f collectible in terest.....................................................................

3 ,2 5 0 ,0 0 0 00
1 ,0 0 4 ,5 0 0
8 ,5 7 1 ,8 0 4
745,743
2 ,4 7 8 ,2 9 3

00
93
51
58

$ 1 7 4,7 9 7 ,3 7 4 72
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal ................................................................................. $158,998,374 46
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916......................
3,022,384 17

------------------ $162,020,758 63
Surplus on m arket v a lu e.......................................................................... 12,776,616 09
$174,797,374 72
Surplus on par value, $12,067,347.93.
CASH TR A N SA C T IO N S D U R IN G TH E Y E A R 1910
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................ $ 7 ,4 4 2 ,8 9 4 51
F rom depositors, n ot including dividends cred ited .................... 3 8 ,0 7 5 ,3 8 2 78
F rom interest on loans, deposits and i n v e s t m e n t s ...............
6 ,9 0 5 ,4 4 7 34
F rom rents from banking l o u s e . . . . ...............................................
178,392 10
F rom rents from other real esta te...................... ..............................
33,211 84
F rom m o r t g a g e s .........................................................................................
2 ,4 9 9 ,0 6 0 00
F rom redem ption o f judgm ents against the State o f N ew Y ork
2 6 ,00 3 46




N

ew

Y

ork

189

County

F rom real estate s o l i *
......... , .......................................................
F rom a ll oth er sources, v iz .:.... C ollection o f deficiency ju d g ­
m ents ........................ ..

$11,056 55
14,373 29
$ 5 5 ,1 8 5 ,8 2 1 87

P AYM EN TS

T o depositors, in cluding dividends paid t o th em ...........................$ 3 0 ,5 2 7 ,1 6 1 41
6 ,0 3 4 ,0 0 0 00
F o r loans on bonds and m ortgages...................................................
F o r stocks and bonds purchased, in cluding premiums, com m is­
sions, ete. (to ta l p a r value, $9,436,728.35)..................................... 8 ,6 9 1 ,9 9 1 56
F o r interest (oth er than dividend paym ents t o d e p o s ito rs ). . .
79,225 27
F o r current expenses o f the bank, v iz .:
F or s a la r ie s .............................................................................
F o r ta x e s :
Banking house, $62,857.11; surplus,
$56,805.10 .............
F or expenses, except taxes, o f banking h o u se :
R e p a ir s ......................................
Insurance ..........................................................................
O t h e r .......................
F or expenses o f other real estate, v i z .:
R e p a ir s ...............................................................................
In s u r a n c e ..........................................................................
T a x e s ..................................................................................
O t h e r .......................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$1157,168 00
119,662 21
18,618 83
1,3® 53
79,026 27
53,840
6,195
22,841
18,167

76
32
85
87

47,6® 28

------------------

534,594 42

Other paym ents, viz.
Cash short (teller’ s ) ..............................................................
Claim fo r repairs,allow ed....................................................

$1,000 00
300 77

-------------------------------------- 1 ,3 00 V
Cash on hand and in banks or trust com panies December 31,
1916, a fter transactions o f the d a y ............................................... 9 ,3 1 7 ,5 4 8 44
$ 5 5 ,1 8 5 ,8 2 1 87

STATISTICAL INFORMATION
Num ber o f open accounts January 1, 1917......................................
176,904
3 1,768
N um ber o f accounts opened or reopened during the y e a r .........
Num ber o f accounts closed during the y e a r ....................................
20 ,43 6
A m oun t deposited du rin g the year, n ot including dividends
credited fo r th at p e r io d .......................................................................$3 8 ,0 7 5 ,3 8 2 78
Amount" w ithdraw n du rin g the y e a r ................................................... 3 0 ,5 2 7 ,1 6 1 41
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1916................................................................................ $2,892,754 71
January 1, 1917......................................................................... 3,022,384 17

------------- :—
5 ,9 1 5 ,1 3 8
Average am ount o f each account January 1, 1917......................
915
Num ber o f accounts w hich exceeded $3,000, exclusive o f
dividends credited, a t the la st tria l balance o f depositors’
ledgers, except deposits a risin g from society accounts, or
ju d icia l sales, or tru st funds, or b y order o f a cou rt o f
record o r o f a surrogate.......................................................................
T o ta l am ount o f such a ccou n ts............................................................
$ 7 ,12 4
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916................................................. ........ ... . .
T ota l earnings o f the bank fo r the year 1916, a fter allow ing
fo r am ortization o f 4
premiums and discou n ts............................... $ 7 ,2 9 8 ,9 1 4
T ota l expenses o f the bank fo r the year 1916 .................................
5 34,594
D ividends paid to depositors fo r the year 1916............................. 5 ,9 1 5 ,1 3 8
N et earnings fo r the year 1916 over expenses and dividends
pa id to dep ositors.................................................................................
849,1 8 0




88
86

2
64
4
4
07
42
88
77

190

B

72.

eport

S a v in g s B

oh

arks

EMPIRE CITY SAVINGS BANK, NEW YORK CITY

[231 W est 126th stre e t; incorporated 1889]
JOHN BEAVER. President.
A. S. V A N W IN K L E , Secretary.
JOHN H . LOOS, V ice-P resid ent
H OW ARD C. M U R PH Y, A sst. Secy.
J . C. WATSON, Vice-President.

TRU STEES
W ILLIA M MOORES,
JOHN H. LOOS,
JOHN BEAVER,
A R TH U R E. WOOD,
E. H. HAM ILTON,

r a

a

* * 0® -

JOHN BQTTOM LBY,
GEO. H . TAYLO R ,
LYM AN T . D YER,

CHAB. W . DAYTON,
A L B E R T SL MKRRAT.r,
C A R L A . K O M jSCH.
C H A R L E S A . TE R R Y ,
R IC H A R D E . COCHRAN,

F IN A N C IA L
RESOURCES

Bonds and m ortga ges.............................
Stock and bond investm ents, v iz .:
P ar

Stocks and bonds

value

Cities in other States............
Cities in this State...............
Counties in this State............
T ow ns in this State...............
V illages in this State............
School districts in this State
R ailroad m ortgage bonds—

$213,188 00
386,600 00
66,000 00
66,500 00
39,600 00
#,000 00
790,484 84
$1,60?, 272 84

$ 3 ,1 7 9 ,6 5 0 00
O riginal
E stim ated
co st
market value
$223,334 07
$226,14176
388,46? 92
868,38000
68,601 40
69,38000
67,058 60
68,44500
40,125 m
43,140 00
#,615 00
#,465 00
831,608 70
820,47645
$1,664,711 66

$1,641, # 7 21

1 ,6 4 1 ,4 2 7 21
Other real estate, book value, $126,874.23; eost, $127,513.33;
actual eash v a lu e ....................................................................................
Cash on deposit in banks or tru st com panies...............................
Cash on h an d........... ....................................................................................
T o ta l o f collectible in te re st.......................................... ..........................
A m ount o f all other assets, v iz .: R ents a ccru ed ......................

126,874
574,7 3 6
10,398
4 8 ,59 9
155

23
52
50
98
00

$ 5 ,5 8 1 ,8 4 1 44
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P r in c ip a l.............................................................. ...................$5,165,527 02
Dividends credited o r to be credited fo r the six
79,108 50
m onths ending w ith December 31, 1916......................

------------------ $ 5 ,2 4 4 ,6 3 5 52
Surplus on market v a lu e ,.......................................................................
337,205 92
$ 5 ,5 8 1 ,8 4 1 44
Surplus on par value, $303,051.55.
CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f th e d a y ............................................
F rom depositors, n ot including dividends cred ited ........................
From interest on loans deposits and investm ents...........................
F rom rents from banking h ou se............................................................
F rom rents from other real esta te .....................................................
F rom m ortgages .......................................................................................
F rom redemption o f stocks and b on d s.................................................
F rom real estate s o ld ................................................................................




$463,757
2 ,2 6 8 ,3 1 5
221,0 2 4
1 ,0 80
12,142
3 1 ,8 5 0
134,196
3 6 ,5 0 0

06
57
19
00
02
00
00
00

$ 3 ,1 6 8 ,8 6 4 84

H e w Y ork C o u n t y

191

PAYM EN TS

T o depositors, including dividends paid to th em ........................... $ 1 ,7 3 8 ,5 8 3
F o r loans on bonds and m ortga ges.....................................................
307,7 5 0
F or stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l par value, $48 6,4 8 4 .8 4 ).................................
490,921
F or interest (oth er than dividend paym ents to d e p o s ito rs ). . .
4 ,6 3 9
F or current expenses o f the bank, v iz .:
F or salaries ..................................................................
For ta x e s: Banking bouse, $1,235.50: surplus, $2,487.81
F or expenses, except taxes, o f banking h o u se :
R e p a ir s ...............
Insurance .........................................................................
O t h e r ..................................................................................
F or rent o f banking room s...................................................
F or expenses o f other real estate, v iz .:
R e p a ir s ..............................................................................
In s u r a n c e ..........................................................................
Taxes .................................................................................
O t h e r ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

42
00
33
57

$18,242 32
3,723 31
167
312
180
2,310

79
46
00
00

3,325
829
3,279
3,192

46
62
69
15

6,292 70

4 1 ,85 5 50
Cash on hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y ...............................................

585,135 02
$ 3 ,1 6 8 ,8 6 4 84

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917......................................
18,512
Number o f accounts opened or reopened during the y e a r .........
6 ,3 42
4 ,2 4 3
Number o f accounts closed during the y e a r ...................................
A m ount deposited during th e year, n ot including dividends
credited fo r th a t p e rio d ....................................................................... $ 2 ,2 8 8 ,3 1 5 57
A m ount withdraw n during the y e a r .................................................
1 ,7 3 8 ,5 6 3 42
Am ount o f dividends credited and paid for the year, v iz .:
July 1, 1916................................................................................
January 1, 1917 ........................................................................

$75,127 63
79,108 50

Credited at other periods....................................................

$154,236 13
12 89

Average am ount o f each account January 1, 1917.........................
R ate per cent, o f dividends to depositors durin g the six m onths
ending June 30, 1916.............................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916..................................................................
T ota l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f premiums and discou n ts.............................
T otal expenses o f the bank fo r the year 1916...............................
D ividends paid to depositors fo r the year 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors......................................................................... ..




154.223 24
283 31
3%
3%
$ 2 44,660 73
41 ,85 5 50
154.223 24
48,581 99

192

"Report on S av in g s B a n k s
73.

EXCELSIOR SAVINGS BANK, NEW YORK CITY

[79 W est Twenty-third stre e t; incorporated 1869]
W IL L IA M J. ROOM S, President.
JOHN C. GRISW OLD, Secretary.
W IL L IA M H. BARRON, V ice-Pres.
A R T H U R P LA G E , A sst. SeCy.
JOHN B U R K S, Vice-President.

TRUSTEES
H EN RY DAZIAN ,
W IL L IA M H. BARRON,
W IL L IA M J. ROOMS,
JOHN BURKE,
RO B E R T J. HORNER,

W IL L IA M CRAW FORD,
CLARENCE P R ICE ,
E P H R A IM M. YOUMANS. M IC H A E L COLEMAN,
H E N R Y D. B R E W ST E R .
S. S. DsLANQ,
BBN J. A . HEGEM AN, J k., CH A R LE S H . CLASS,
W IL L IA M H. W IL L IA M S ,

F IN A N C IA L
RESOURCES

Bonds and m ortga ges...............................
Stock and bond investments, v iz .:
Par

value
State o f North D akota..........
$10,000 00
State o f New M exico..............
168, W0 00
State o f Louisiana...................
250,0W 00
State o f Oklahoma...................
250,000 W
State o f C alifornia...................
300,000 W
C ities in other States............ 1,414,000 00
Cities in this S tate.................
208,500 W
59,500 W
Counties in this S tate..........
Tow ns in this State...............
178,500 00
318,769 20
Villages in this S tate............
School districts in this State
311,000 00
R ailroad m ortgage bonds—
3,029,624 00
S to c k s and b o n d s

$6,497,893 20

.$ 1 0 ,2 9 7 ,9 2 5 00
O riginal
Estimated
cost
market value
$10,686 00
$10,000 00
184,800 00
173,873 38
244,649 80
271,440 00
253,773 55
217,600 00
287,095 64
306,0W 00
1,476,801 53
1,515,940 00
214,712 84
215,370 00
59,665 00
60,466 82
200, 308 86
192,790 00
338,168 17
330,166 50
320,213 15
328,830 00
3,003,515 10
2,817,363 68
$6,584,264 83

$8,489,865 18

6 ,4 8 9 ,8 6 5 18
Other real estate, book value, $296,141.60; cost, $295,420.88;
actual cash v a lu e ....................................................................................
Cash on deposit in banks or tru st com panies...............................
Cash on h an d ....................................................................... .....................
T o ta l o f collectible in terest...................................................................
A m oun t o f all other assets, v iz .: Insurance prem ium s ad­
vanced ........................................................................................................

2 95,420
758,413
6 4 ,58 6
2 57,868

88
60
41
71

135 86
$ 1 8 ,1 6 4 ,2 1 5 64

L IA B IL IT IE S

A m ount due depositors, v iz .:
P r in c ip a l..................................................................................$16,800,934 84
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1916........................
311,819 59

------------------ $ 1 7 ,1 1 2 ,7 5 4 43
Surplus on m arket v a lu e................................................... .....................
1 ,0 5 1 ,4 6 1 21
$ 1 8 ,1 6 4 ,2 1 5 64
Surplus on par value, $1,059,489.23.
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1016
R E C E IP T S

Cash on hand and in banks o r tru st com panies January 1,
1916, before transactions o f th e d a y ..............................................
F rom depositors, n ot including dividends cred ited ....................
F rom interest on loans, deposits and investm ents.........................
F rom rents from other real esta te......................................................
F rom m ortgages...........................................................................................
F rom redemption o f stocks and b on d s...............................................
F ro m stocks and bonds sold (to ta l par value, $ 2 1 5 ,0 0 0 ).........
F rom real estate s o l d ...............................................................................




$979,959
5 ,4 4 9 ,7 3 2
768,385
3 0,517
519,300
218,3 3 8
228,158
19 ,00 0

76
85
29
15
00
46
03
00

N

ew

Y

obk

193

Coukty

F rom all other so u rces,'viz.:
F ire loss p aid ........................................ ...................... ..........
$1,669 30
From receiver and agent....................................................
1/838 83
Profit 'and l o s s . . . . ........................................................
U161S6
.95
T ax rebate .......... ............. ......... ........ ................................ .
B r a s s s o l d ........ . .....................................................
Appraisal p a i d ................................................................................
3000

---------------

21680

$3,991 84

>$8,217,883 38
-4===============

9J9BSBM9DB

T o depositors, in cluding dividends paid "to th em ...........................M ,-288,283 $ 8
p4
F or loans on bonds a « l m ortgages.....................................................
1 ,7 0 7 /0 0 0 00
F or stocks and bonds purchased, including premiums, com m is­
sions, etc. ( total par value, $l,363j624>). . .....................................
1 ,2 3 9 ,0 0 2 23
F or interest (oth er than dividend paym ents to d e p o s ito r s ). . .
8 ,1 6 0 73
F o r current expenses o f the bank, v iz .:
F or s a la r ie s ........................................ ...................................
$41,419 43
F or ta x e s: Surplus ..........................................................
7,752 78
F or expenses, except la x e s, o f banking b o u s e :
R e p a ir s .................................................................. .—
383 16
F or ren t o f baaktag-room s............................. ............................ 16,000 60
F or expenses tff 'other real *estate, ’v i z .:
Repairs . . ........... ............... ......... ....................
4,851 95
Insurance . . .............................. ....................... ..
4,397‘M
T a x e s ................. .......................................... .............................. 6,562 83
O t h e r ............................................................................
ll,432iW
F or other expenses, ® o t including -expenses <df .other
real estate nor otber expenses o f 'banklng h o u s e ...
8,805 47

0 2 ,§ 8 5 m
F or real estate acquired b y fo reclosu re, o r 'in settlement o f
debts due the h a n k ............ . . .................... ......................................
Other ipayments, viz.
I n s u r a n c e a n d Interest................................... . .........
E x p e n s e o f f o r e c lo s u r e s — n o t d i s t r i b u t e d . . . . . ..............
R e a l e s t a t e ..................... .............. .............. .......................... .. .......... ...........
R e g i s t e r i n g b o n d s .......................................................................................

105,780 18

f72rsa

6 9 i 12
4 /8 1 8 A4
12500

3370 78
Cash on hand and in banks or tr «# t 'com panies Decaarfber 31,
I f 16, a fter transactions o f the d a y ............................... ...............

S T A T IS T IC A L IN F O R M A T IO N

=

$ 8 ,2 1 7 ,3 8 3 38
.......... —

Number o f open accounts January 1, 1917........ ;...........................
29,756
N um ber o f accounts opened or reopened during the y e a r ......
.5,793
Number o f accounts closed during the y e a r ----- ;............................
4 ,2 33
A m ount deposited durin g th e yea*, .n o t ta d u d tn g d iv id e n d
credited fo r th a t p e r io d .......................................... 4 •—....................s#6(,44ft,7IB! 85
A m oun tw ftb& raw n du rin g the y e a r ...................... ............................
4 ,2 3 8 ,2 8 3 83
Am ount o f dividends credited and paid fo r the year, v iz ;:

July 1, 1916..........................................................i...
January 1, 1917....................... ............................. *...

$0B?,233'45
1SH
/819 59

; ------------------A verage am ount o f each account January 1, 1917.......................
R ate per eent. o f dividends t o depositors during the six m onths
ending June 30, 1916.............................................. ............................
R ate per eent. o f dividends t o depositors du rin g ifhe six m onths
-ending D ecem ber 31, 1916...................................... j ..........................
T ota l earnings o f the bank for the year 1916, a fte r A llow ing
fo r am ortization o f prem ium s and d iscou n ts.-------------------T otal expenses o f the bank fo r the year 1 9 1 6.. . 1 ...................... ..
D ividends paid to depositors fo r the y e a r 1 9 1 6 /.........................
N et earnings fo r the y e a r 1916 over expenses t e d dividends
{paid bo d e p o s ito rs .............................................. .... .4 ............... .. .....

7



609*053 04
575 10
4
4
,$821,290 17
92,585 62
609,053 04
.11#, 061 h i

194

R eport on S a vin g s B a n k s
74.

F R A N K L IN S A V IN G S B A N K , N E W Y O R K C IT Y

[656-6S8 E ighth av e n u e ; incorporated I860!
W IL L IA M G. CONKLIN, President.
E R N E ST K . SA TT B R L B B , Treasurer.
JOHN I. DOWNEY. V ice-President.
H. W . N ORDELL, Secretary.
W IL L IA M H. VAN K L B IC K , V lee-P reslden tW A L T E B P . D E X T E R , Comptroller.

T R U ST E E S
W M. H. VAN KLEECK,
BER N AR D KARSCH,
W IL L IA M G. CONKLIN.
W ILSON M. POW ELL, JB.,
H O W A R D C. SM ITH ,
CH ARLES A . W ALKER,

SIMEON FORD,
W A L LA C E REID.
TH EODORE H ETZLE R ,
W M. L. DJtBOST,
J. H A R P E R POOR.
E R N E ST K . SA TT E R L E E.

W IL L IA M H. PO RTER.
ST U A R T DUNCAN.
WM. C. M USCHBNHEIM.
T. PR A N K M A N VILLB,
JOHN I. DOW NEY,

F IN A N C IA L
RESOURCES

Bonds and m ortga ges................................................................................$1 4 ,1 4 0 ,1 2 5 00
Stock and bond investm ents, v iz .:
Stocks and bonds
State o f New Y ork—
State o f C alifornia—
State o f Delaware.......
State o f Idaho....................
State o f M assachusetts—
State o f Oklahoma.............
State o f W ashington..........
Cities in other States.......
Cities in this State............
Counties in this S ta te ....
R ailroad m ortgage bonds

.

.
.
.
.

P ar
value
$625,000 00
150.000 00
78.000 00
180.000 00
550,000 00
60.000 00
25,000 00
3,427,300 00
3,654,084 81
1,088,000 00
2,056,000 00

O riginal

cost
$648,005 00

142,6% 00

80,340 00
133,477 60
596,145 35
61,178 06
24,562 50
3,583,185 29
3,792,027 01
1,114,431 60
2,156,241 45

$11,843,384 81 $12,337,198 %

Estim ated
m arket value
$661,250 00
152,500 00
79,560 00
132.000 00
629.000 00
61,800 00
26,000 00
3,676,969 50
3,777,050 56
1,104, CSS 00
1,966,960 00
$12,066,145 06

12,06 0 ,1 4 5 06
Banking house and lot, book value, $200,000; cost, $441,092.6 0 ; aetual cash v a lu e ...........................................................................
Other real estate, book value, $84,000; cost, $112,799,07;
actual cash v a lu e....................................................................................
Cash on deposit in banks or tru st com panies..................................
Cash on h an d...............................................................................................
T o ta l o f collectible in terest.....................................................................

200,000 00
8 4 ,0 0 0
1 ,5 9 3 ,6 7 1
4 1 ,51 8
429,997

00
45
18
27

$ 2 8 ,5 5 5 ,4 5 6 96
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P r in c ip a l..................................................................................$25,649,367 22
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1916......................
410,429 96

------------------ $26,0 5 9 ,7 9 7 17
Other liabilities, v iz .:
Expenses incurred, but u n p a id :
Incom e tax w ithheld......................................................
Holmes E lectric P rotective Co. and teller’s cages

$101 00
1,750 00

-------------------------------------- 1,851 00
Surplus on m arket v a lu e..........................................................................
2 ,4 9 3 ,8 0 8 79
$ 2 8 ,5 5 5 ,4 5 6 96
Surplus on par value, $2,271,048.54.
CASH T R A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, b efore transactions o f the d a y ............................................. $ 1 ,8 0 7 ,5 6 2
F rom depositors, n ot including dividends cred ited ......................
7 ,8 3 9 ,9 7 2
F rom interest on loans, deposits and investm ents......................
1 ,1 6 9 ,5 1 0
F rom rents from other real esta te...................................................
5 ,5 0 3




16
42
80
50

105

N e w Y ork C otjnty
F rom
F rom
F rom
From

$394,875 00
159,833 61
717,404 77

m ortga ges.............................................................................
redemption o f stocks and b on d s.................................
stocks and bonds sold (to ta l par value, $717,000)
all other sources, v iz .:

Incom e tax w ithheld.................................................. 1.........
Sundries ................................................................. ♦...;..........
R efund o f com m issions............................................. ...........
Payments to undivided profits accoun t.........................

flOl
72
1,000
6,771

00
31
00
07

7 ,9 44 44
$ 1 2 ,1 0 2 ,6 0 6 70

PAYMENTS
To depositors, including dividends paid to tb s m ........................... $ 6 ,4 7 9 ,1 4 6
1 ,2 9 4 ,0 0 0
F or loans on bonds and m ortgages.................... . ..........................
F o r stocks and bonds purchased, in cluding premiums, com m is­
2 ,5 6 0 ,3 6 0
sions, etc. ( tota l par value, $ 2 ,4 6 5 ,5 0 0 )......................................
22 ,23 9
F or interest (oth er than dividend paym ents t o d e p o s ito r s ). . .
F or current expenses o f the bank, v iz .:
F or s a la r ie s .............................................................................
F or ta x e s :
Banking house, $8,104.52; surplus,
$15,318.22; on mortgages, $33............................................
F or expenses, except taxes, o f banking h ou se:
R e p a ir s ..............................................................................
F or expenses o f other real estate, v i z .:
R e p a ir s ..............................................................................
Insurance ..........................................................................
T a x e s ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

89
00
80
07

$54,693 99
23,455 74
947 57
5,326
Iff?
1,876
375

73
00
80
83

12,397 56

99,241 22
F o r real estate acquired by foreclosure, or in settlem ent o f
debts due the b a n k ................................................................................
Cash on hand and in banks or tru st com panies December 31,
1916, a fte r transactions o f the d a y .................................................

12,429 09
1 ,6 3 5 ,1 8 9 63
$ 1 2 ,1 0 2 ,6 0 6 70

S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts January 1, 1917......................................
57,796
8,2 71
N um ber o f accounts elosed during the y e a r .................................
Number o f accounts opened or reopened du rin g the y e a r .........
11,566
A m ount deposited du rin g the year, n ot including dividends
credited fo r th at p e rio d ....................................................................... $ 7 ,8 3 9 ,9 7 2 42
A m oun t w ithdraw n during th e y e a r ................................................. 6 ,4 7 9 ,1 4 6 89
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1916.............................. ..................................................
January 1, 1917........................................................................

$396,543 32
410,429 95

Paid but not credited...........................................................

806,973 27
65 03

806,908 24
A verage am ount o f each account January 1, 1917.........................
450 89
R a te per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
3%
R a te per cent, o f dividends to depositors durin g the six wmntha
ending December 31, 1916...................................................................
3%
T o ta l earnings o f the bank fo r the year 1916, a fter allow in g
fo r am ortization o f premiums and discou n ts............................... $ 1 ,1 8 3 ,3 6 4 47
T o ta l expenses o f the bank fo r the year 1916..................................
100,991 22
D ividends paid to depositors fo r the year 1916.............................
806,973 27
N et earnings fo r the year 1916 over expenses and dividends
paid t o dep ositors..................................................................................
275,3 9 9 98




R epo et oh S a vin g s B a n k s

196

7S
.

GERMAN SAVINGS BANK IN THE CITY OF NEW YORK

[157 Fourth aven u e; incorporated 1889]
H U B E R T C ILLIS. President.
ADO LF K O PPE L, Treasurer.
C A R E GOEPEL, Viee-Pres.
CHAS. W. MUHEHAUSBN, UomptroMer.
E D W . C. SCHAEFER, V ice-President.
A D O LPH B E PP E R T , Cashier.
T H E O . SCHOBSKE, Secretary.

TRUSTEES
GUSTAV SCHW AB,
D A L L A S -B. 'PR A T T,
JAM ES SPEYE R ,
E D W . C. SCHAEFER,
F R IT Z ACHELIS,’
D . SCHNAKENBEBG,
A L B E R T ’ TAG.

LOUIS W ATJEN ,
THOM AS F . VIE TO R,
GEORGE L E A SE ,
C A R L GOEPEL,
0 . F. ZO L L IK O FFE R .
ADOLF K UTTROFF,
H U B E R T C IL LIS,
AU GU ST 'ZINSSER, J b .,

A. PAGENSTECHER,
W IL L IA M SCHALL, JB.,
F. T . FLEITM ANN .
JO SE PH F. STILLM AN,
ERN ST PFA R R IU S,
RUDOLF EKBSLOH,
AUGUST ZIN SSER, Jr.,
C A R L L . 8CHUBZ.

.FINANCIAL
RESOURCES

.| 5 3 ,0 I6 ,6 8 9 3 0
Bonds and mortgages........................................................
Stock and bond investments, viz.:
.Par
Original
Estimated
Stocks and bonds
value
cost
marketvalue
*1,852,82000
State of New York................. *1,722,000 00 * 1*813.034.38
State of Alabama...................
500,000 00
546,200 00
515,000 00
State of California................ 1,000,000 00
035,000 00
1,020,000 00
State of Maryland.................
500,000 00
487,680 00
495,000 00
State of Massachusetts............... 2,150,000 00 2,320,409 50
2,046,00000
State of Oklahoma................. 300,000 00
305,174 90
309,000 00
State of South Carolina......
100,000 00
100,260 00
102,000 00
719,14219
745,980 00
State of Tennessee....................... 682,00000
State of Utah.................................275, 000 00
278H41J8
27$; 000 00
Cities In .Other States............ 8,830,750 00
9,252,702 04
9,107,16000
Cities in this State......................6,494000 00 6,599,195.85
6,559,47000
Railroad-mortgage bonds— 24,92^8ffi 00 25,647,108 42
23,139,06408
*49;004;639 16 *46,166,514 08

-------------- ------- ^...... > ■ - .... -.. .... 46,166,514 08
Bronussary notes payable on demand.......................................
100,000 00
Baniria&;lioi»e«and lot, book value, $850,000; cost, $1,408,331,
08; s&etual eash value...........................................................
850,000 00
Other real estate, book value, .$373,$360.40; cost, $375,010.40;
actual cash value.............................. •
....................................
373,360 40
Cash on deposit in banks or trust companies.............. .............. 7,294,730:67
Cash on hand., .........................................................................
951 #710 *
Total of collectible interest...................................................... 1,245 f6@5 t64
$109,088,811

11

L I A R ID ITIE S

A m ount due depositors, v iz .:
P r in c ip a l........................................,.........................................*98,623,678 50
Dividends credited w to be credited fo r the six
m onths ending twith December 31,. 1916........................ 1,854,963 38

------ ----------- $100,478,641 88
S a i| ite on m arket v a l u e . . .................. .............. ................................
9 ,5 1 9 ,t § 0 23
$ l# 0 ;9 9 8 ;6 ll d l
Surplus on P&r value, $10,836,053.15.

;a : = : = r::= s:a a : :=
= =
=

CASH .TRAN SACTIO N S :D U R IN G T H E Y E A R 1916
IRBOMPTS
Cash on hand and in banks or tr u s t com panies January 1,
1916, h dfore tramraxdhms Of the d a y ........... — ....................— $ 8 ,4 3 2 ,3 1 8 86
F rom depositors, n ot in cluding dividends cred ited .........................2 3 ,8 2 9 ,8 1 9 31
F rom interest on loans, deposits and investm ents......................... 4 ,4 5 1 ,2 1 4 *6 8
F rom rents tr o m banking h ou se........................................................
3 5,702 90
F rom rents from oth er real esta te.....................................................
43 ,01 2 90




197

ISfew Y ork C o u n ty
F rom
F rom
F ro m
F rom
F rom
F rom

m ortgages......................................................................................... $ 1 ,3 3 1 ,8 4 2 60
redemption o f stocks and b o n d s ..............................................
5 0 0 ,0 0 0 00
8 5 3 ,5 3 2 .5 0
stock s and bonds, sold (to ta l par value, $ 8 5 0 ,0 0 0 )-, -----loans paid................................................. .............................. ..
50®, 00® 0®
real estate s o ld ..........................................................
3 1 ,7 5 0 00
a ll other sources, v iz .:

Redemption judgm ents against State o f New Y o rk ..
Refund on bonds purchased...............................................

$45,497 79
625 00

------------------------------- 46,1227®
$ 4 ® ,0 55 ,31ft 54

PAYMENTS':
T o depositors, including dividends paid to t h e m :.........................$2®, 444,175< 61
F o r loans on bonds and m ortga ges.....................................................
2 ,8 2 1 ,2 6 3 90
F o r loans on stocks and bonds and other s e c u r it ie s .................
600,000 0.0
F o r stocks and bonds purchased, in cluding prem ium s, cominis-*
sions, etc. (to ta l par value, $ 7 ,47 4 ,8 4 8 )...................................... 7 ,4 8 1 ,8 1 8 87
F or interest ( other than dividend paym ents t o depositors) . . .
5 9,612 52
F o r current expenses o f the bank, v iz .:
F or salaries .............................................................................
I ’or t a x e s :
Banking house, $16,059.35; surplus,
$79,021.58 ................................................................................
F or expenses, except taxes, o f banking hou se:
Repairs . ............................................................................
Insurance ..........................................................................
O t h e r ..................................................................................
F or expenses o f other real estate, v i z .:
R e p a ir s ...............................................................................
Insurance ........................................
T a x e s ..................................................................................
O t h e r ..................................................................................
F or other expenses, not Including expenses o f oth e r
real estate nor other expenses o f banking h o u se...

$t28*„777' O
ft.
95,080 93
1,328 84
575 16
11.494 08
11; 718
1,115
11,835
13,628

63
19
93
13

30,706 59

30ft, 253 95
For. real estate acquired by foreclosure, o r in settlem ent o f
debts due the b a n k ...............................................................................
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y .................................................

95,750. 00
8 ,2 4 6 ,4 4 1 s 60
$ 4 0 ,0 5 5 ,3 1 6 54

S T A T IS T IC A L IN FO RM ATIO N
N um ber o f open accounts January 1, 1917......................................
155,763
Number o f accounts opened or reopened during the y e a r .........
2 2 ,34 4
Number o f accounts closed durin g th e y e a r ....................................
19,501
A m ount deposited d u rin g the year, n ot including, dividendscredited fo r th a t p e rio d ...................... ............... ............. .............. ..$ 2 3 ,8 2 9 ,8 1 9 31
Am ount w ithdraw n during the y e a r ................................................... 2 0 ,4 4 4 ,1 7 5 61
Am ount o f dividends credited and paid fo r the year, viz*:
July 1. 1916......................... ................................................$1,788,399 6L
January 1, 1911.................................................................... L8M,9B& 38----- -------------- 3 ,6 8 5 ,3 6 2 99
A verage amount o f each account January 1, 1017......................
645 06
R ate per cent, o f dividends to depositors during,tha. si&.monihs
ending June 30, 191ft...........................................................................
4
R a te per cent, o f dividends to. depositor® du rin g the. sixaftovtlM*
ending December 31, 1916................................. ............................ ....
4
T ota l earnings o f the bank fo r th e year 1916, after? a llow in g
fo r am ortization o f premiums and discou n ts............................. $ 4 ,5 2 1 ,7 4 1 37
T ota l expenses o f t h e bank, f o e th e year 191ft,....... .....................
306,253 95
D ividends paid to depositors fo r th e.year. 1916.................... ..
3 ,6 3 5 ,3 6 2 99
N et earnings fo r the year 1916 over expenses and dividends
paid to d e p o s it o r s .................................... .........................................
5 8 0 ,1 2 4 .4 3




198

R epoet o f S avin g s B a n k s
78,

T H E G REEN W ICH SA Y IN G S B A N K , N E W Y O R K C IT Y

[246-248 Sixth aven ue; incorporated 1833]
JAM ES QUINLAN, President.
F . EUGENE COBB, A ssistant Treasurer.
D A V ID M. M OBRISON, Vice-President.
H U BERT E. BROW ER, Asst. Treasurer.
F R AN C IS M. BACON. Jr., Vice-President.
L. D. QUACKENBUSH, Comptroller.
CH A R LE S M. BU TCH ER, Treasurer.
W A L T E R H. LYM AN, A sst. Com ptroller.
CH ARLES L. S E IB ER T, A sst. Treas.

T R U S T IE S
LO W E L L LINCOLN.
ED W AR D N. T A IL E R ,
D A V ID M . MORRISON,
JAM ES QUINLAN,
WM. R . STEW A R T,
B. A Y M A R SANDS,
L. K . W ILM ERDIN G,
CHAS. D. DICKEY,

THEO. F. W H ITM A R SH ,
B R A D ISH JOHNSON,
CHAS. F. HOF1M AN ,
A R TH U R ISE LIN ,
FRAN CIS M. BACON, Ja.,
WM. W OODW ARD,
GEORGE BLAGDEN,
H E N R Y C. SWORDS,

A LLE N W A R D W E LL,
EDW IN S. M ARSTON,
E D W IN G. M E RR IL L ,
W . DE L. KOUNTZE,
A L B E R T H. W IGGIN,
G A T E S W. M cG ARRAH ,
B. OGDEN CHISOLM,
THOM AS W . SLOCUM.

F IN A N C IA L
Bonds and m ortgages................................................................................ $ 3 5 ,2 3 8 ,1 5 0 00
S tock and bond investm ents, viz.:
P ar
S to c k s a n d bon d s
value
|650,000 00
State o f New York................
State of Massachusetts........ 2,249,000 00
State of Rhode Islan d.........
295,000 00
State o f M aryland.................
400,000 00
State o f M issouri...................
50.000 00
State of Tennessee................
500,000 00
300,000 90
State o f C alifornia................
Cities in other States........... 7,185,000 00
C ities in this State................ 7,720,262 60
R ailroad m ortgage b o n d s .... 18,980,500 00

Original
Estim ated
cost
m arket value
3706,697 33
3743,50000
2,420,040 89
2,146,64000
326,286 16
286,150 00
402,175 91
404,00000
48,274 69
49,50000
515,021 70
542,50000
292,019 13
303,22000
7,672,414 27
7,250,96500
8,038,932 31
7,837,82112
20,971,696 83 18,888,730 00

$38,329,762 60 341,393,659 22 338,452,926 12

B anking house and lot, hook value, $250,000; cost, $811,680.52;
actual cash v a lu e ....................................................................................
O ther real estate, book value, $715,000; cost, $925,587.46;
actual cash va lu e.............................................................. ......................
Cash on deposit in banks or tru st com panies.................................
Cash on h an d...............................................................................................
T o ta l o f collectible in terest.....................................................................
A m ount o f a ll oth er assets, v iz .:
Rents accrued ...........................................................
Advances fo r insurance, etc., to m ortgagors.

3 8 ,4 5 2 ,9 2 0 12
300,000 00
7 0 7 ,0 0 0
4 ,6 3 8 ,0 5 7
7 4 8 ,7 2 0
1 ,1 1 8 ,8 8 7

00
19
51
11

3312 68
3,763 94

4 ,0 7 6 62
$ 8 1 ,2 0 8 ,4 1 7 55
L IA B IL IT IE S

A m ount due depositors, v iz .:
P r in c ip a l.................................................................................. 372,466,690 72
Dividends credited or to be credited fo r the six
m onths ending w ith December 31, 1916..... ................. 1,326,530 86

-$ 7 3 ,7 9 3 ,22 1 58
O ther liabilities, v iz .:
M ortgagors’ account ...........................................................
Expenses incurred, but u n p a id :
Stationery, sundries, ashes, Ice, maps, cab h ire..
B urglar alarm .................................................................
Supplies ............................................................................
Expenses, other real estate..........................................

37,102 29
922
47
469
193

09
50
66
09

Surplus on m arket v a lu e .......................................................................

8 ,7 3 4 63
7 ,4 0 0 ,4 6 1 34
$ 8 1 ,2 0 8 ,4 1 7 55

Surplus on par value, $7,283,297.82.
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
RECEIPT®

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................... $ 5 ,2 6 9 ,1 2 3 09
F rom depositors, n ot including dividends cred ited ......................
1 2 ,0 8 8 ,9 6 5 81




199

2s e w Y o bk C o u n t y
T
F rom
F rom
F rom
F rom
F rom

$ 3 ,3 8 8 ,7 5 8
74 ,27 8
2 ,8 4 9 ,0 0 0
1 ,6 0 6 ,3 5 0

interest on loans, deposits and investm ents
rents from other real esta te.............................
m ortgages...................................................................
redem ption o f stocks and b on d s......................
a ll other sources, v iz .:

F or account second m ortgagee..........................................
B entals fo r m ortgagors’ accoun t...................................
R efund expenses on real estate.......................................
A ccount o f fire lo s s ........................................................

31
32
00
00

$962 50
22,104 96
154 20
600 00

23,821 66
$ 2 5 ,3 0 0 ,2 9 7 19
PAYM EN TS

T o depositors, in cluding dividends paid t o th em ......................... $ 1 2 ,1 6 5 ,1 5 2 04
2 ,1 9 7 ,0 0 0
00
F o r loans on bonds and m ortga ges...................................................
F or stocks and bonds purchased, in cluding premiums, com m is­
5 ,2 0 1 ,9 0 0 16
sions, etc. (to ta l par value, $5,042,358.33).................................
49,168 52
F or interest (oth er than dividend paym ents to d e p o s ito r s ). . . .
F o r current expenses o f the bank, v iz .:
For salaries ...........................................................................
For t a x e s :
Banking house, $8,088.48: surplus,
$56,841.67 .................................................................................
F or expenses, except taxes, o f banking h ou se:
R e p a ir s ...............................................................................
O t h e r ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance .. ...................................................................
T a x e s ..................................................................................
Other .................................................................................
F or other expenses, not Including expenses o f other
real estate nor other expenses o f banking h o u se...

f 115,671 51
64,930 15
1,752 95
3,236 03
5,294
2,057
17,462
23,754

06
22
40
40

32,122 43

266,281 15
F or real estate acquired by foreclosure o r in settlem ent o f
debts due th e ban k ................................................................................
Other paym ents, v iz .:
T o second m ortgagee............................................................
F or interest, taxes, etc.— m ortgaged prop erty............
Alterations, other real estate..................................... .
Payments fo r m ortgagors’ accou n t.............................
Teller’s adjustm ents o f cash sh orts................................

1,401 23

$962 50
15,954 25
10,38170
4,363 94
354 00

32,016 39
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y .................................................

5 ,3 8 7 ,3 7 7 70

$ 2 5 ,3 0 0 ,2 9 7 19
S T A T IS T IC A L IN F O R M A T IO N
==========
Number o f open accounts January 1, 1917......................................
104 004
Num ber o f accounts opened o r reopened during the y e a r . _____
13,540
Num ber o f accounts closed during the y e a r ....... ............................
11,880
Am ount deposited durin g the year, n ot in cluding dividends
credited fo r th a t p e rio d .....................................................................$ 1 2 ,0 8 8 ,9 6 5 81
A m ount withdraw n durin g the y e a r................................................... 1 2 ,16 5 ,1 5 2 04
A m ount o f dividends credited and p a id fo r the year, v iz .:
July 1, 1916................................................................................ $1,305,612 88
January 1, 1917........................................................................ 1,326,530 86

------------------ 2 ,6 3 2 ,1 4 3 74
Average am ount o f each account January 1, 1917.........................
709 00
Rate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916............................................................................
3 % and 4
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916.................... ..............................................
3% and 4
T otal earnings o f the bank for th e year 1916, after allow in g
fo r am ortization o f premiums and d iscou n ts............................... $ 3 ,2 8 3 ,7 7 4 81
T otal expenses o f the bank fo r the year 1916.................................
266,7 8 7 17
D ividends paid to depositors for the year 1916.............................
2 ,6 3 2 ,1 4 3 74
N et earnings fo r tbe year 1916 over expenses and dividends
paid t o d ep ositors..................................................................................
384,843 90




wo

R eport

o f

S a vin g s B a n k s

77. H A R LE M S A V IN G S B M P S , N E W Y G R ® G IT Y
[124 E ast 125th s tr e e t; Incorporated 1863]
W IL L IA M E.. TRO TTE R , President.
THOM AS R* E B E R T ,. Secret#**.
G R A N V IL L B ‘ F. D A IL E Y, V fce-Pres.
P R E D T T M : .GALLAGHER^ j t t f c Secy.
JOHN J. BE LL, V ice-President.
• •

TR U STE E S
W IL L IA M E. T R O TTE R ,
G R A N V ILL E P. D A IL E Y ,
W IL L IA M SOM ERVILLE,
J O H N 'S , B ELL,
f r a n k : be. w i s e ,

H EN RY B. PYE ,
Mi J. ENNIS;
JOHN P. STEE V E 8;
W A L T E R P. SILLECK,

OM N 'J*. STEPH EN S;
W ARREN A . EBONARD,
A L E X A N D E R W AL K E R ,
THOM AS R. EBE R T,
RANSOM B. W ILC O X.

EtSAJSGlAL
RESOURCES

Bonds and m ortga ges......... ......................................................................
Stock and bond investm ents, v iz .:
StbcJca and Vondi
State o f New York..............
State o f M assachusetts...
State o f C a lifo rn ia ..........
State o f Tennessee...............
Cities in other State®,.......
Cities in this State— ____
Counties in this S ta te -..-.
V illages in this State.........
R ailroad m ortgage Bonds..

Part
valtte
$700,000 Off
220,000 00

$15,804,400 00

Original,
E stim ated,
c«rt
m arket value
$713,062 50
$746,000 00

100,000 00
95,250 00
200,000 00,
m m ®
650,000
00" 681,432 66
4,364,310.00, 4,457,143,69
12,000
0 ® 12; 08160
m , ooo oo
244, UT 60
5; 145; ooo oo
fvlOSiim 90

211,2®*®
102,000 00
224*000 0

663.000 00
4,449,875.®
12,000

®

226.000 00
4,818*500*00

$11,617,310 00 $11,960,131 84 $11,452,575 ®

11,482,575 60
Banking house and lot, hook, value, $225,000; cost, $354,r
253.91; actual cash, value ..................................... ................ ..........
© thee' real- estate,, hook, value, $285,114.83; cost, $285,114,85;
actual cash value. ............ ..... .. . , ............. ........................................... .
G a s c on deposit in banks or tru st com panies...............................
Cash on hand .............................................................................................
T otal o f collectible in terest.....................................................................

2 2 5 ,0 0 0 00
2 8 5 ,1 1 4 .8 8
1 ,0 5 7 ,8 9 0 ! 24
2 0 6 ,1 0 6 5 0
2 7 1 ,8 5 1 78

$3 0 ,2 6 2 ,9 4 7 95

LIABILITIES

— ; --------r
---------

A m ou n t,du e depositors, v iz .:
P r in c ip a l.................. ...................... ..................................... .$ 2 7 .2 0 4 i* !» f
Dividends credited o r to be credited for* the six
m onths ending- with December 31: 1916......................
4®, 888 96

------------------ $27,645,174 05
S u fid u sto ttm a rk e t v a lu e .........................................................................
2 ,6 1 7 ,7 7 3 90
$ 3 0 ,2 6 2 ,9 4 7 ' 95
Surplus on par value, $2,782,508.30.

CASH TRANSACTIONS DURING THE YEAR 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................... $ 2 ,160,8.74,02
SioWk depositors, n ot. including dividends cred ited .................. 7 ,2 6 0 ,6 8 1 39
Brown interest on loans, deposits and. investm ents....................
1 ,2 2 3 ,1 8 4 10.
2 2 ,7 1 1 7 b
F rom rents from: oth er r e a l e s ta t e ................... ..............................
I r a n i, m ortgages ......................................................................................
282,475 00
F rom redemption! o l stocks, and b on d s.............................................
434>090 0%
F rom , re a l estate s o l d , ......................................................................... ..
2 0 ,0 5 4 25
F rom a ll other anureeg; via-:*
R eceiver-

A3»ardB!.




$79 m
1,803 32

1,8.82. 32:
$ 1 1 ,4 0 5 ,9 5 2 . 79

mi

K e w H ork C o o t t y

T o depositors, in cluding dividends paid 4 o th em ......................... $ 6 ,4 2 0 ,0 0 5 77
F o r loans on bonds and m ortga ges..................................... ............. 1 ,470/000*00
F o r stocks and bonds purchased, ineluding, prem ium s, .camm issions, etc. (to ta l par value, $ 1 ,115,000)....................................
1,1 24 ,9 5 5 70
F or current expenses o f the bank, v iz .:
F o r ‘ salaries ...........................................................................
F or taxes :
Banking
house,
$6,663.90 ; surplus,
:$21,m08 .....................................................................
F o r expenses, except taxes, o f banking h ou se:
Repairs ...............
Insurance ..........................................................................
F or expenses o f other real estate, v i z .:
Repairs .............................................................................
Insurance ..........................
Taxes ...................................................
Other ................................................................................
F o r o t te r expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se...

$53,680 00
26,677^8
70116
108'9?
11,694
381
6,404
3,265

48
46
69
13

9,823 84

-----------------F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ...............................................................................
Cash on hand and in banks or tru st com panies December .31,
1916, a fte r transactions o f the d a y . ..........................................

112,742 71
-45,242 87
2 /2 2 4 ,0 0 5 74
$11,1405,952 79

S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts Ja n u a ry 1, .1917_________ _____ __
59/ffiS?
N um ber o f accounts opened o r reopened du rin g the y e a r ____
10,53$
N um ber o f accounts closed du rin g the y e a r .................................
8 ,7 28
A m ount deposited durin g the year, n ot in cluding .dividends
credited fo r th a t p e rio d ..................................................................... $ 7 ,2B Q /«»1 W
A m oun t w ithdraw n du rin g the y e a r ...................................................
6 /4 2 0 , 005 "77
A m ount o f dividends credited and paid for the year, viz.:
July 4 , 1916..........................................................................
$426,691 30
January 1, 1917........................................................................

440,888*96

------------------' 8 6 7 ,4 8 0 ‘1 6
A v e r a g e ‘amount o f each account January 1, 1017....................
*46310
R a te per cent, o f dividends to depositors d u r in g t h e s ix m onths
ending D ecem ber 31, 1916.................................................................
3%
cR a te p e r cent, o f dividends to depositors du rin g the six months
ending Beeember 31, 1916...................................................................
3%
T ota l earnings o f the bank fo r the year 1916, a fter allow ing
fo r am ortization fof »pf*miums and discou n ts........... ............... $ 1 ,2 5 $ ,.208 80
T ota l expenses o f the bank fo r ‘ the year 1 9 1 6 .............................
'112,742 71
.Dividends paid t o depositors *fo r th e year 1916.........................
1 8 7 ,4 8 0 26
N e t .earnings for the year 1916 over expenses and dividends
paid to dep ositors..................................................................................
2 7 7 ,0 8 5 1 3




202

R eport on S avin g s B a n k s
78. THE IRVING SAVINGS INSTITUTION, NEW YORK CITY

[115 Chambers stre e t; incorporated 1851]
H AM PDEN B. TENER, President.
GEORGE B. DUNNING, Secretary.
H E N R Y KROGER, V ice-President.
J. B. ANDERSON. A ssistant Secretary.
JOH N O. W ILLIA M S, V ice-President.

TRUSTEES
JOHN W . N IX,
H EN RY KROGER,
JOHN O. W ILLIA M S,
W M. C. DEMOREST.
JAM ES H. KILLOUGH,
D. BECKERMANN,

SAM UEL S. CONOVER,
GEORGE B. DUNNING,
HAM PDEN E. TE N ER ,
SAM U EL B . DOWNES,
JOHN T IB BO U T,
EUGENE M. T R A V IS ,
N ATH AN W. VOUGHT,

W IL L IA M H. FRAM E,
JOHN J. W ALTON,
W IL L A R D g . BROW N,
GEORGE N. ROBINSON,
WM. F. MORGAN,
W M . P. MASON.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges........................ .
Stock and bond investm ents, v iz .:
P ar
valne
$50,000 00

Stocks and bonds

State o f C alifornia.......
State o f M aryland.........
100,000 00
State o f Oklahoma...................
50,000 00
State o f Tennessee................
100,000 00
State o f U tah...........................
50,000 00
Cities in other States.......... 1,598,600 00
Cities in this State..........
1,800,650 00
Counties in this S tate..........
406,000 00
T ow ns in this State...............
82,000 00
V illages in this State............
106,500 00
R ailroad m ortgage bon ds—
4,704,000 00
$8,996,650 00

$ 1 1 ,6 6 5 ,3 5 0 00
Estimated
Original
eost
m arket valne
$48,246 45
$50,500 00
101,000 00
98,340 00
60,772 30
61,500 00
108,491 40
111, (M 00
W
50,000
00
49,221 85
1,649,930 00
1,699,»8 84
1,846,521 50
1,888,358 84
401,980 00
411,744 50
31,520 00
33,009 00
111,027 10
103,470 00
4,569,260 00
4,918,466 18
$9,391,896 46

$8,966,681 60

P rom issory notes payable on dem and...............................................
B anking bouse and lot, book value, $90,000; cost, $ 115,000;
A C t ll& l Cftsli Vf t l l l ’B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other real estate, book value, $104,282.03; cost, $104,634.52;
actual cash value ................................................................................
Cash on deposit in banks or tru st com panies.............................
Cash on hand
T o ta l o f collectible interest.

8 ,9 6 6 ,6 8 1 50
100, 000 00
9 0 ,0 0 0 00
104,634
1 ,2 4 7 ,8 4 5
7 8,738
2 0 3 ,8 1 2

52
21
82
05

$ 2 2 ,4 5 7 ,0 6 2 10
L IA B IL IT IE S

-................. ...—

A m ount due depositors, v iz .:
P rincipal................................................................................... $20,614,000 87
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1916.....................
394,617 41

------------------ $21,008,618 28
Surplus on m arket v a lu e.........................................................................
1 ,4 4 8 ,4 4 3 82
$ 2 2 ,4 5 7 ,0 6 2 10
Surplus on par value, $1,478,412.32.
CASH T R A N SA C T IO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Cash on hand and in banks o r tru st com panies January 1,
1916, before transactions o f the d a y . .......................................... $ 1 ,1 2 5 ,1 4 1 50
F rom depositors, n ot including dividends cred ited ....................
4 ,3 3 3 ,5 3 1 64
F rom interest on loans, deposits and investm ents....................
981,001 80
F rom rents from other real esta te ...................................................
4 ,5 4 1 42
F rom m ortgages .......................................................................................
284,4 5 0 00
F rom redemption o f stocks and b on d s.............................................
160,000 00
F rom stocks and bonds sold ( tota l par value, $ 9 4 0 ,0 0 0 )...........
854,685 38




$7,743,351 74

N e w Y ork C o u n t y

203

P AYM EN TS

T o depositors, in cluding dividends paid t o th em ......................... $ 3 ,7 4 0 ,9 2 2
F o r loans on bonds and m ortga ges...................................................
755,0 0 0
F o r stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l pa r value, $ 1 ,70 5 ,0 0 0 )......................................
1 ,7 4 4 ,7 3 0
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
14,280
F o r current expenses o f the bank, v iz .:
F or salaries .............................................................................
F or t a x e s :
Banking house, $1,716.65: surplus,
$10,806.10 ................................................................................
F or expenses, except taxes, o f banking h ou se:
Repairs ..............................................................................
In s u r a n c e ..........................................................................
O t h e r ..................................................................................
F or expenses o f other real estate, v i z .:
R e p a ir s ...............................................................................
Insurance ..........................................................................
O t h e r ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

86
00
82
98

$33;955 87
12,522 75
540 74
104 12
439 98
2,392 96
400 60
1,395 37
5,446 14

57,198 53
F or real estate acquired b y foreclosure, o r in settlem ent o f
debts due the b a n k ................................................................................
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y ...............................................

104,634 52
1 ,3 2 6 ,5 8 4 03
$ 7 ,7 4 3 ,3 5 1 74

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917...................................
23 ,77 4
Num ber o f accounts opened or reopened du rin g the y e a r ____
2 ,8 5 3
N um ber o f accounts closed du rin g th e y e a r ......... ........................
2 ,5 8 2
A m ount deposited du rin g the year, n ot including dividends
credited fo r that p e r io d ....................................................................... $ 4 ,3 3 3 ,5 3 1 64
A m ount w ithdraw n durin g th e y e a r.................................................
3 ,7 4 0 ,9 2 2 86
Am ount o f dividends credited and pa id fo r th e year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................

$382,760 87
394,617 41

Average am ount o f each account January 1, 1917......................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors du rin g the six m onths
ending December 31, 1916...................................................................
T ota l earnings o f the bank for the year 1916, after allow ing
fo r am ortization o f prem ium s and d iscou n ts.........................
T ota l expenses o f the bank fo r the year 1916..................................
D ividends paid to depositors fo r the year 1916.............................
N e t earnings fo r the year 1916 over expenses and dividends
pa id to dep ositors...................................................................................




777.378 28
883 68
4
4
$964,608 95
57 ,19 8 53
777.378 28
130,032 14

K efokt on S a vin g s R a n k s
79. ITALIAN SAVINGS FiUK^OS1 THE CITY OF NEW YORK
£64-66 Spring stre e t; incorporated 1896]
f © S S P » M . FRAN COLIN I, President.
JAMBS. J . tSLEVIN, Treasurer.
DOMENICO SALABIN O, VlcerPreaWeni.
PASQUADE I . . SIM ONELLI, S ecretary.
JOHN ELTON W AYLAND , V ice-President.

:TRUSTEES
DOMENICO A B BATE,
ANTONIO C. A STA R I3
NICHOLAS J. BARREL
V IT O CONTESSA,
JOS. N. FRANCOLINI.
ANTONIO PISAN I,

CELESTIN O P IV A .
DOMENICO SALADINO,
P . I. SIMOrNELLI,
B E R N AR D J. MCCANN,
GEORGE W. L O FT.

ANTONIO f r a i M ,
JOHN ELTON W AYLAND ,
A L EX A N D E R S. 1TBHB,
ANTONIO EUCOA.
RO B E R T W . .BERNARD,
G IA M B A T IS T A ‘ V IT E L L I,

F IN A N C IA L
RESOURCES

$ 3 ,8 7 3 ,9 2 0 00

Bonds and m ortga ges.............................................
Stock and bond investm ents, v iz .:
Stocks and bonds
State o f New Y ork ......
Cities in other S ta tes..
Cities .in ; this State.......
Counties in this State
Villages in .this S ta te ...
R ailroad m ortgage bon ds----

P ar
value
$24,000 00
141.000 00
195.000 00
.10,000 00
'25,000 00
1,137,000 00
$1,632,000 00

Original
Estimated
cost
m arket value
$24,59600
$24,240 00
I51;05O 00
147, 311 98
200,25470
199,890:00
11,062 00
10,000 00
25,09375
'25,600 00
1,154,784 94
l» » j5 § 0 00
$1,563,1(B 37

$1,531,200 00

.......... ...... ............................ —
..... ...—
Other real estate, bode value, ,$32*211.91; cost, $32,211.91;
actual cash value ...................................................................................
Cash on deposit in banks o r tru st com panies.............................
Gash on hand .............................................................................................
T otal o f collectible in terest...................................................................

1 ,5 3 1 ,2 0 0 00
32,211 91
830,16© 77
-4 9 ,7 6 4 .7 8
‘4 0 ,j
19© .J5
$61357,437 61

L IA B IL IT IE S

A m ount due depositors, v iz .:
Principal ..................................................................................$5,983,9® 36
Dividends credited o r to be credited fo r the six
m ouths ending w ith December 31, 1916......................
81,548 91

------------------- $ 6 ,6 7 1 ,6 1 8 .27
Surplus on market vsakie.......................................................................
2 8 5 ,9 1 9 34

.$6,357*437 S I
Surplus on par v a lu e,:$286,719.34.
CASH T R A N SA C T IO N S D U R IN G

TH E Y E A R

1816

'R E C E IP T S

Cash on hand and i n ’ banks or tru st com panies Uanuary 1,
1916, before transactions o f the d a y ............................................
F ro m "depositors, n ot including dividends cred ited ....................
F rom interest on loans, deposits and investm ents......................
F rom rents from other real esta te...................................................
F rom m ortgages...........................................................................................
F rom redemption o f stocks and b on d s............................................
F rom real estate s o ld .............................................................................

’$ 3 9 7 ,9 6 9 4 6
3 ,2 8 1 ,6 6 4 00
2 46,307 95
481
5 4 ,2 3 0 00
95 ,50 0 00
2 5 ,82 5 25
$ 4 ,1 0 1 ,4 4 1 47

PA YM E N TS

T o depositors, in cluding dividends paid
to th em ............ ..
$ 2 ,0 0 5 ,2 7 6
F o r loans on bonds and m ortga ges...................................................
998,295
F o r stocks and bonds purchased, including prem ium s, com m is­
sions, etc. (to ta l par value, $ 1 9 1 ,0 0 0 )...........................................
180,588
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
1 ,8 30




16
00
54
26

205

N e w Y ork;* C ojjntx
F o r current ;exp®B*es o f. th e bauk^vizr:
F or s a la r ie s ..........................................................................
$18,578 20
F or T a x e s : Surplus............................................................
1,716 65
P O r-ren t-of banking room s.................................................
4jS80<00
F or expenses o f other real; estate, v i z .:
R e p a ir s .....................................................................................
20000
T a x e s ..........................................................................................
3400
O t h e r .........................................................................................
16162
F or otfcm expenses* not including, expenses? o f : other
real estate. nor, other expenses o f banking h o u s e ..,
8,152 11•
,

33;, 342; 58
F o r real', estate a eq p refl b y foreclosure, o r in settlem ent o f
debts duet the* bame.........!................... ............. ......... ...............„ . . . . .
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f thee* d a y ......... . ................................

2f, 193 38
879,915 55
$4,101 .,441. 47

S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open,, accounts January 1, 1917",.................................
19,989
N um ber o f accounts opened or reopened d jm n g the y e a r ;. . .
o', 931
Num ber o f a cco u n ts, d o s e d during: the y e a r :............................. .
2.,842
A m ount d e p o s ito r during the year, not* in cluding d iv id en d s
credited fo r th a ti period . .
........... - ................................ ....... $3i 281, 664; Off
A m oun t w ithdraw n during the y e a r....................................
2 , 005, 276, Iff
A m ount o f d ividen ds credited; a n d ;p a id fo r.th e .y e a r, viz.:
July 1, 1916................................................................................
January 1, 1917;......................................................................

$75,852 07“
87,548 91

A verage am ount o ff each* account January 1, 1917,.............. ..
B ate per cent, o f dividends t o depositors during th e.six m onths
e n d in g-J u n e 30, 1916.................... ........................................... ...........
K ite'per* eent. o f dividends to, depositors during the s ix months
ending Decem ber 31, 1916................................................................
T o ta l earning® o f the bank fo r the year 1916, a fter allow ing
f o r am ortization o f prem ium s and d iscou n ts.............................
T&taD expenses- o f the hank for the yean 1916.............................
D ividends pa id to depositors fo r the year 1916......... ...............
N et earnings f o r the*: year 1916 over expenses and dividends
paid to depositors ............................. .....................................— . . .




163,400 98
302. Off
m
m
$249,129 3T
33,342 58
163)400 98
52;,385 81

206

R epoet on S avin g s B a n k s
80.

M AID EN L A N E SA V IN G S B A N E , N E W Y O R K C IT Y

[170 B ro a d w a y ; incorporated 1903]
F . A. S IN G L E S , President.
JO E L S. D b SELDING, Vice-President.
W A L T E B G. KING, V ice-President.
J. HEYNBN, Secretary.

T R U ST E E S
A N D B E W PATTEBSON ,
F. A . S IN G L E S ,
HUGO B . B O ELKEB,
JO E L S. D b SELDING,
BOBT. SCHALKBNBACH,
M. M. SCH W ABZSCH ILD ,

ISAAC W . COKEFAIB,
JOHN Q. ADAM S,
CH A B LE S B. JUNG,
L. BUBTON HALL,
W A L T E B G. KING.
AUG. OPPENH BIM e B,

LEOPO LD STEBN,
C. ED W AB D B ILLQ U IST,
CHAS. W . LUCAS,
JO H N P . W IN D OLPH ,
JACOB W BBNEB,
HUGO H. B IT TE B B U SC H .

F IN A N C IA L
BESOUBCES

Bonds and m ortga ges................................................................................ $ 1 ,1 5 0 ,9 7 0 72
S tock and bond investm ents, v iz .:
Par
Original
Estimated
Stocks and bonds
value
cost
market value
$42,500 00
14.500 00
162,631 00
148,590 00
13,000 00
27.500 00

$43,012 08
14,526 25
155,830 71
148,991 11
13,192 97
27,679 60

$44,253 12
15,321 25
159,370 00
150,362 16
13,644 17
28,401 75

1,000 00
179,000 00

1,008 20
170,377 07

1,025 00
164,326 33

$578,621 00

State o f New M exico.

.

$574,517 99

$576,603 77

.
.

C ities in this S ta te ....
Counties in this State.
V illages in this S ta te..
School
districts
in
this
State .............................

576,603 77
value, $45,895.92; eost, $45,895.92;
actual cash value
Cash on deposit in banks o r tru st -companies
Cash on hand ..........................................................
T ota l o f collectible in terest...............................

45 ,89 5
153,225
1 5,136
2 8 ,6 4 0

92
20
87
36

$ 1 ,9 7 0 ,4 7 2 93
L IA B IL IT IE S

==z==z===========

A m oun t due depositors, v iz .:
P rincipal ................................................................................ $1,880,909 28
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916......................
33,463 23

------------------ $ 1 ,9 2 3 ,3 7 2 51
Surplus on market v a lu e .......................................................................
4 7 ,1 0 0 42
$ 1 ,9 7 0 ,4 7 2 93
Surplus on par value, $49,117.65.
C A SH T R A N SA C TIO N S D U R IN G TH E Y E A R 1916
E E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y .............................................
$95,453 93
F rom depositors, n ot in cluding dividends cred ited ......................
1 ,1 1 1 ,9 2 5 64
F rom interest on loans, deposits and investm ents....................
73 ,65 2 07
F rom rents from other real e sta te ...................................................
’ 588 25
F rom m ortgages ......................................................................................
116,907 84
F rom redemption o f stocks and b on d s...............................................
25 ,57 7 00
F rom stocks and bonds sold (to ta l par value, $ 3 6 ,5 0 0 )...............
3 6 ,9 3 0 00
F rom loans p a id .........................................................................................
2 5 ,00 0 00
F rom real estate s o ld ................................ ...................................... ..
12,000 00
F rom all other sources, v iz .: F rom redem ption o f judgm ents
against the State o f N ew Y o r k .........................................................
5 ,4 3 0 12




$1,503,464 85

207

N e w Y oek C o u n t y
PAYM EN TS

T o depositors, including dividends paid to th em .........................
F o r loans on bonds and m ortga ges...................................................
F o r loans on stocks and bonds and other securities................
F or stocks and bonds purchased, in cluding premiums, com ­
m issions, etc. (to ta l par value, $134,000) ...............................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ).
F o r current expenses o f the bank, v iz .:
F or salaries
...................................................................
F or t a x e s : Surplus............................................................
F o r rent o f banking room s..................................................
F or expenses o f other real estate, v i z .:
Taxes ................................................................................
O ther ................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

$740,428 44
368,845 72
2 5 ,0 0 0 00
131,116 80
1,198 24

$5,314 50
207 30
2,000 00
193 80
11 44
2,044 21

9,771 25
F or real estate acquired b y foreclosure, o r in settlement o f
debts due the b a n k ..............................................................................
Other paym ents, v iz .:
T o trustees fo r m onies advanced.....................................
Cost o f foreclosures..............................................................

55,382 84

$2,218 75
1,140 65

3 ,3 5 9 40
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y ...............................................

168,362 16
$ 1 ,5 0 3 ,4 6 4 85

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917....................................
6 ,5 9 0
Num ber o f accounts opened or reopened during the y e a r ____
2 ,7 01
Num ber o f accounts closed during the y e a r .................................
1,3 84
A m ount deposited during the year, n ot in cluding dividends
credited fo r th at p e rio d ....................................................................... $ 1 ,1 1 1 ,9 2 5 64
A m ount w ithdraw n during the y e a r ...................................................
740,428 44
A m ount o f dividends credited and paid fo r the year, viz.:
July 1, 1916..............................................................................
January 1, 1917........................................................................

$29,945 35
33,463 23

A verage amount o f each account January 1, 1917....................
R ate per cent, o f dividends to depositors durin g the six months
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors durin g the six months
ending December 31, 1916................................................. .................
T ota l earnings o f the hank for the year 1916, after allow ing
fo r am ortization o f premiums and discou n ts.............................
T o ta l expenses o f the bank for the year 1916...............................
D ividends paid to depositors for the year 1916........................
N et earnings fo r the year 1916 over expenses and dividends
paid to depositors ..............................................................................




6 3.408 58
291 86
4
4
$82,0 9 6 19
11,990 00
63.408 58
6 ,6 97 61

208>

II epobt ok S a vin g s B a n k s

81. THE MANHATTAN SAYIHfiii BISTm jTION, NEW YORK CITY
[644-646 B ro a d w a y ; incorporated 1 S N
•
kubsjkeo.; jajLttiJ, President.
JCpEBJBjBIRD, .rresMieni;.
CONSTANT M .
BEN JAM IN ' GRIFFBN , VicerPresident.
m

HAVID

Assistant* Secretary.

TM9BSESS&
BENJAM IN GRIFFEN ,
JOSEPH 1TV BROWN,
'
ED W AR D V . Z. LAN E,
J. M cL E A N WMiTS8Qf»,
R IC H A R D L A TH ER S, Ja., W A I T E R C. STOKES,
RO B E R T A . MCEIM; '
JA M E S B. W AR E ,
JO SE PH B IR D ,
CONSTANT M. B IR D ,
E D W IN S. SCHBRfCR;
P H IL IP J; BOSS;

FRANCIS' B. G R IFFIN ,
HERBERT W.
Z. T A Y L O R
F R ED ER IC
THOMAS*'" B..
EDMOND L, ]
R,
W AlfflE R - W.'

F IN A N C IA L
RESOURCES

Ronds-, and m o r tg a g e s ,...............................................
$ 6 ,8 8 7 ,6 0 0 00
Stock and bond investm ent*, v iz .;
Original
Estim ated,
Ear
Stocks and bonds
value
cost
m arket vaJtaft
United States . . . . . . . . .
$83,250 00
$95,6% T
O
$76,000 00

■mmiOk-

566,132 65
2,091;9S2 3O
73,993 80
126,000 00

12,600 TO
1,556,000 00

1>7S8,a a *

72,270 00
120,400 TO
12,685 to
1,482,540 00

$4,304,500 TO

Cities in other Staten..
C ities in this State—
(Karat!** In this State:
Tow ns in this S lat© ;...
V illages in, this State,
ffidlroad 'm ortgage bon ds...

$4,723,792 75

$4,125,785 T
O

630,00000
I; 988;000-00
73, MO M

5»,7TOTO

1;888;1TO*TO'

4 ,1 2 5 ,7 8 5 00
B anking bouse and lo t,, b ecfe value* $jM0$0ft| ; e©s%, $810,169,09; actual cash v a lu e ......... .............................. ........................
OjJterrreal estate, book value; $337,695.03; cost, $337,695.03;
actual cash value .......................................... .....................................
Oftsh on deposit in banks o r tru st com panies..............................
Cash, on hand........................................................................................... ....
Tfttalt ofcaH feetible in terest...................................................................
A m oun t1o f a ll other assets, v iz :: accrued r e n t s .........................

6 00,000 00.
3 3 7 ,6 9 5 0 3
775,0 6 0 76
8 7 ,0 1 ^ 9B90,571 05.
555 00.
$ m m m i7 9 82

L IA B I L I T I E S "

==============

A m oun t1due depositors, v iz ,:.
P rincipal .......................................... ....................................$11;63S,5998 54
Dividends credited or to be credited fo r the six
m onths ending*, w ith - December 31, 1916......................
190,390 53

------ —
$ ll> 7 ® 4 ,* -(^ Stirplus on m arket v a lu e .......................................................................
1 ,1 1 0 ,7 9 5 75

SUrplUs OB par value, $1,289,510.75:

$l&y875s I f 9-s82
a a s a a s s a a :,

CASH: T B & IfS M Z riQ X & D U R IN G T H B Y I A B WM>
R E C E IP T S

Cash on Banff and in banks or tru st com panies January 1,
1916, b efore transactions o f the d a y ............................................
F rom depositors, n o t including dividends cred ited ..................
F rom interest on loans, deposits and investm ents....................
F rom rents from banking h ou se................................................
F rom rents from other real esta te ...................................................
F rom m ortgages .......................................................................................
F rom redemption o f stocks and bon d s.............................................
F rom real estate s o ld ..........................
F ro m a ll other sources, v iz .: F rom bond previously charged
o ff ...............................................................................................................




$828,748
3 ,0 8 0 ,5 0 8
520,192
2 0 ,0 0 0
4 2 ,5 2 5
249,300
2 2 ,5 0 0
2 1 5 ,0 0 0

81
30
05
00
88
00
00
00

150 00
$ 4 ,9 7 8 ,9 2 5 04

E b w - Y ork - CausmYi

209'

To depositors, including. dividends:paid;teatbam a~ F o r loans on .b on d s a n Y ra o rig a g e S i...............— , »
F o r cu rren t4e x ^ a s e s o f the bank, v i a :

$ 3 ,3 2 0 ,6 2 6 35
618,800. 00.

F or salaries ...........................................................................
F or taxes : Banking house, $7,241; surjrtta; $9f257.88..
F or expenses, except taxes, o f banking house?:
R epairs, ...................................... ......................... .......
Insurance ...........................................................
Other: ......................................................................
B or expenses o f o th e r real estate, v i a :
Repairs .............................................................................
Insurance .........................................................................
Taxes ................................................................................
Other ...............................................................................
F or other expenses, not including expenses o f other
real eetate-noc other, expenses o f banking h o u s e ....

$41,083 25
16,498 88
1,758:03

m m

10,397 01
7,778
1,428
8,579
17,560

92
97
18
12

13,;88&!92

119*587 25
F o r real estate acquired b j foreclosure, or. in settlem ent o f
debts due thei b a n k i....................................... . . . .........................
Cash on band and i n . banks or trusts companies!- D eeem bair§4#,
1916, a fter transactions oft th e d 4 jj...............................................

86,987 70
m 2 ,M 3 74,
$4*978,9265 04s

S T A T IS T IC A L IN 1BRM ATXD N
N um ber o f open a ^ o iw is i January R 1 M 1 ------.......... ............
211,769
N vaaSme oft accounts opened, or reopened during, the y e a r .. . ...
3;, 544
Num ber o f account®, d o w t during the. y e a n :. . ................ ............
3 ,1 0 8
A m ount deposited during the year, n o t including, dividends?
oradited;fo r th at p e rio d .................... .............................. ................
$8*080,508: 30
A m oun t w ithdraw n du rin g, th e y e a r .................................................
3b,326,626: 35
A m ount of< dividends credited and p a id fo r the. y e a r-v iz s ;:
July 1, 1916........................................................................ .
January 1, 1917......................................................................

$18Maft«9,
190,390 53

Average* am ount o f each account January 1, 1917......................
R ate p e r cent; o f dividends to depositors diirihg the six months
ending June 30, 1916...........................................................................
R ate per cent, o f dividen ds-to depositors during; the six m onths
ending December 31,., 1916*..................... '
T o ta le a rn in g s o f th e bank, fo r the year 1916, after allow ing
fu n am ortization o f premiums, and d iscou n ts----------- ------------T o ta l, expenses o f the bank fo r the yea r 1916...............................
DMdeasds; p a id to depositors fo r the year 1916...........................
N e t earnings fo r the year 1916 over expenses and; dividends
paid, t o dep ositors..................................................................................




379.885 22
540 41
3%
3%
$578,564, 09,
118,087 25
379.885 22

80,591 62

210

R eport oh S avin g s B a n k s
82.

METROPOLITAN SAVINGS BANK, NEW YORK CITY

[1-3 Third aven u e; incorporated 18®]
AUGUSTUS S. HUTCHINS, President.
R O B E R T D. AN DREW S, Viee-Pres.
W IL L IA M SHERBR, Vice-President.
E D W AR D SH ERER, Secretary.

TRUSTEES
AUG. S. HUTCHINS,
W IL L IA M SHERER,
JONATHAN B. CURREY,
W ALD O HUTCHINS,
L E E W. GROVES,

W IL L IS S. PA IN E ,
AUGUSTUS K . SLOAN,
R O B E R T D. AN DREW S,
AUGUSTUS H. SANDS,
ED W AR D H. SWAN,

W IL L IA M C. EDW ARDS,
THOM AS DARLINGTON,
E D W A R D SHERER,
JOHN S. SPENCER.
E D W AR D S. PEGRAM

F IN A N C IA L
RESOURCES

Bonds and m ortgages.........................
Stock and bond investm ents, v iz .:
P ar
S to c k s an d b onds
value
$200,000 00
State o f M assachusetts.........
Cities in other States............ 1,353 000 00
Cities in this State............... 2,227,900 00
Counties in this State..........
150,000 00
R ailroad m ortgage b o n d s .... 1,656,000 00
$5,586,900 00

$ 7 ,9 6 7 ,6 0 6 07
Original
Estimated
cost
market value
$213,250 00
$186,00000
1,396,843 04
1,347,47000
2,261,166 10
2,194,95000
158,859 00
153,00000
1,724,940 00
1,617,08000
$5,755,658 14

$5,398,500 00

— 1 .......... ............ ......... = = = = =
—
Banking house and lot, book value, $95,000; cost, $243,346.71;
actual cash v a lu e ...................................................................................
Other real estate, book value, $286,133.24; cost, ^ !8 6 ,133.24;
actual cash v a lu e ...................................................................................
Cash on deposit in banks o r tru st com panies..................................
Cash on h a n d .............................................................................................
T ota l o f collectible in terest..................................................................
A m oun t o f all other assets, v iz .: Rents a ccru ed.......................

5 ,3 9 8 ,5 0 0 00
9 5 ,0 0 0 00
2 6 4 ,5 1 2
815,511
2 6 ,2 3 9
122,336.
.66

08
96
43
13
66

$ 1 4 ,6 8 9 ,7 7 2 33
L IA B IL IT IE S

.......................•
.........

A m oun t due depositors, v iz .:
P rincipal ................................................................................ $13,430,754 SI
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916......................
®6,O02 26

------------------ $ 1 3 ,6 8 6 ,7 5 7 13
Surplus on market v a lu e .......................................................................
1 ,0 0 3 ,0 1 5 20
$ 1 4 ,6 8 9 ,7 7 2 33
........................... /

Surplus on par value, $1,191,415.20.

C A SH T R A N SA C T IO N S D U R IN G T H E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, b efore transactions o f th e d a y .............................................
F rom depositors, n ot including dividends cred ited .......................
F rom interest on loans, deposits and investm ents..........................
F rom rents from banking h ou se...........................................................
F rom rents from other real esta te......................................................
F ro m m ortga ges.........................................................................................
F rom redemption o f stocks and b on d s........................................
F rom stocks and bonds sold (to ta l par value, $ 3 0 0 ,0 0 0 )............
F rom real estate s o ld ..............................................................................
From a ll other sources, v iz .:
Rebate o f expenses..............................................................




$821,126
3 ,6 1 5 ,3 8 8
6 0 2 ,8 5 0
4 ,0 6 0
17,489
184,241
186,000
2 9 5 ,3 0 0
97,351

79
66
00
00
69
93
00
20
52

$7 28

20 48
$ 5 ,823,829 27

N e w Y ork C o u n ty

211

PA Y M E N T S
T o depositors, including dividends paid to t h e m . . . , ................ $ 2 ,9 6 1 ,1 7 3
F o r loans on bonds and m ortga ges...................................................
3 5 4 ,7 0 0
1 ,5 7 0 ,4 8 5
F o r stock and bonds purchased (to ta l par value, $ 1 ,5 7 1 ,0 0 0 )..
14,198
F or interest (oth er than dividend paym ents to depositors) . . .
F o r current expenses o f the bank, v iz .:
$23,061 28
For salaries ..................
F or ta x e s: Banking house, $1,919.52; surplus, $8,553.48 ....................................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Insurance ..........................................................................
F or expenses o f other real estate, v i z .:
Repairs .............................................................................
Insurance ............................................
Taxes ................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

57
00
99
53

10,473 00
937 85
140 93
9,907 65
802 24
6,043 31
14,158 38

6 5 ,5 2 4 64
F or real estate acquired by foreclosure, or in settlem ent o f
debts due the b a n k ................................................................................
Other paym ents, v iz ,: P rofit and loss real esta te......................
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ...............................................

15,933 65
61 50
841,751 39
$ 5 ,8 2 3 ,8 2 9 27

S T A T IS T IC A L IN F O B M A T IO N
Num ber o f open accounts January 1, 1917......................................
17,952
Number o f accounts opened or reopened during the y e a r...........
3 ,9 8 4
N um ber o f accounts closed during th e y e a r ....................................
2 ,3 5 0
A m ount deposited during the year, n ot including dividends
credited fo r th at p e rio d ....................................................................... $ 3 ,6 1 5 ,3 8 8 66
A m ount w ithdraw n durin g the y e a r .................................................
2 ,9 6 1 ,1 7 3 57
Am ount o f dividends credited and paid fo r the year viz.:
July 1, 1916...............................................................................
January 1, 1917......................................................................

$245,154 93
256,002 26

Average am ount o f eaeh account January 1, 1917......................
B a te per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
Bate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916...................................................................
T ota l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f prem ium s and d iscou n ts.................... ..
T ota l expenses o f the bank fo r the year 1916.................................
D ividends paid to depositors for the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to d e p ositors..................................................................................




501.157 19
762 41
4
4
$626,592 94
65 ,52 4 64
501.157 19
59,911 11

R eport on S a v in g s B a n k s

212
83.

N E W Y O R K S A Y IN G S! B AN K , N E W Y O R K C IT Y

[83 Eighth avenues incorporated 1864J
W IL L IA M FELSIN GER, President.
JAM ES] h ,, W AN DLIN G, Q k m u m .
m s m . At. WILLIAMS*. ^lce»ItaesidenL
W A L T E R ,R. BRINCKEEH OFFv S ec..
JOH N A R TH U R GREENE, Vice-Pfes.

TRU STEES
W IL L IA M FELSINGER*
JAM ES L . W ANDLING,
E IR E D. CORDTSi
BENJ. A . W ILLIA M S,

H E R B E R T D. BROWN,
JO H N A . G R E W ® ,
F R A N K B. SM IDT,
TH OM AS R SPENCER,'
W IL L IA M J; HOE.

A L E X A N D E R iM . W E L C H ,
W IL L IA M W. H A L E . '
W IL L IA M J. SL0A1IE,

m

m

BRINCKERHOra',

F IN A N C IA L
RESOURCES
Bonds and m ortgages........... ................................ .................................$24,320* 475 00
Stock and bond investm ents, via*:.;
Par
Original
Estimated
Stocks and Vends,
valuecost
market value
State-of New York............... $300,000 00
$301,126 00
$326;O0ftM!
State iof California................
4ftM®0?0ft®6#MftMf
408,000 00
State of Maryland................
100,000 00
94»«5 W
9?,<W0M
State of Massachusetts........
650,000 00
703,710'00
682,560 >M'
State o f Tennessee................
200,000 00
206,77880
83MM/O0-’
Cities in other. States........... 6,420, M0 00
6,682,843 05
6,618,745 00
4,702,464 62
4,767,50600
Gifcies, in <
tUs - State................ 4,617,00000
OMmttte in tiMfi State..........
246, M0 00
249,486 00
242,88000
B&RM8&;mortgage bonds....
7,832,M0 M 8,062,609 84
7,643,170M
$19»765,'5M M $20,385*,683 2t $19; 947,800 M

.-7 ..... I .I......rrr ■,....... |g Qj|y 80(^ 00
.,
. .,
B a sk in g house and lo t; book ; value, $ S 0 J )® 0 ; cost* $440*8§;1*80* actual cash v a lu e............................................................ .............
2S0,0MiiGOL
Other real estate,' be®fc viiue* $248,386,3% . (®s%, $248*386,38;
24% 38#i 38
a c t u a l cash? v a l u e ............................................................... .. .................. ...............................
C ash on deposit in banks or tr u st com panies;.______ __________
2J,4 4 4 ,5 1 3 -1 # .
Cash on h a n d ................................................... .........................................
2 8,042, 2ft.
T o ta l o f collectib le,'in terest...................................................................
405,707- 86
$ 4 7 ,0 4 9 ,9 6 4 66
LIABILITHBS-

A m oun t due depositors, v iz .:
P rincipal ................................................................................ $42,58?;487 <»«
Dividends credited, or to be or fi t t e d ; f t * the sizt
months ending w ith December 31, 1916......................
811,738.1ft

S u ren s

obi;

--------------- —$ 4 3 ,3 9 9 ;!7 5 27
m arket v a lu e .......... ........................................................ ..
# iP O ;.7 8 9 30

Surplus on par value,. $4,Q68,489.39,

-

•

=5ss=s===^===^^

CASH T R A N SA C TIO N S D U R IN G T H E Y E A ® I W t 5
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y .......................................... $ 3 ,0 0 6 ,5 3 2
F rom depositors, n o t in cluding dividends c r e d i t e d . . . . .............. 9 ,0 9 9 ,1 1 1
F rom interest on loans, deposits and investm ents.........................
2 ,0 0 1 ,5 0 5
F rom rents from other real esta te.......................................................
25 ,49 8
F rom m ortgages.........................................................................................
1 ,0 8 7 ,6 7 5
F rom redemption o f stocks and b on d s.............................................
3 1 7 ,5(H)
F rom real estate s o ld .............................................................................
3 0 ,0 0 0
F rom a ll other sources, v iz .:
R ents during foreclosu re....................................................
F ire insurance ......................................................................




26
33
40
18
00
00
00

$3,755 25
9M M

-------------------------------------- 4 ,6 5 5 25

$15,572,477 51

mn

H e w H o bk Co u n t y

i'F -M w m r s
T o depositors, including dividends paid to th em ......................... $ 7 ,7 2 2 ,2 0 0 40
F o r loans on bonds and -m ortgages............................................ ..
i8©2,0G0 0 0
F o r stocks and bonds purchased, including premiums, ‘ com ­
4 ,2 6 2 ,1 7 0 84
missions, etc. (to ta l par value, $4^147,000)...............................
F o r interest (oth er than dividend paym ents to d e p o s ito r s )..
29 ,26 4 61
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x es:
Banking
house,
$5,864.46; ssurplus,
$34,118 56 ............................................................ ..................
F o r expenses, except taxes, o f banking h o u s e : .Re­
p a ir s .....................................................................................
F o r expenses o f other real estate, v i z .:
Repairs .............................................................................
Insurance ..........................................................................
T axes ................................................................................
Other ..................................................................................
F or other expenses, not Including expenses o f other
real estate nor other expenses o f banking house............

$88,849 83
39,983 02
279 09
8,556
441
5,786
6,906

68
79
21
90

U, 495 17

143,298 49
F or real estate acquired b y foreclosure, o r in settlem ent o f
debts due the (bank............. ................................................................
Other payments, v iz .:
Taxes advanced .....................................................................
A rchitects’ fees .....................................................................
Expenses sale real estate....................................................
E levator and tank.................................................................
Real estate betterments.......................................................

1 3 0 ,0 0 0 00

$4,391 67
144 00
860300
1,447 20
.3,645 18

9 ,988 05
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions of the d a y ...............................................

2 ,4 7 3 ,5 5 5 42
$15,572,-477 51

S T A T IS T IC A L

IN FO R M A TIO N

N um ber o f open accounts January 1, 1917......................................
N um ber o f accounts opened or reopened during the y e a r.........
N u m b er o f a c c o u n ts c lo se d d u r in g th e y e a r ...................................

51,028
8 ,5 46
6,467

A m ou n t deposited during the year, n ot in cluding dividends
credited fo r th a t p e riod ..................................................................... $9 ,09 9 ,1 1 1 33
7 ,7 2 2 ,2 0 0 40
A m ount w ithdraw n during the y e a r .................................................
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1916..............................................................................
January 1 , 1917 ......................................................................

$783,391 72
811,738.19

A verage am ount o f each account January 1, 1917....................
R ate per cent, o f dividends to depositors durin g the s ix m onths
ending June 30, 1916...........................................................................
R ate per eent. o f dividends to depositors during the six m onths
ending December 31, 1916...................................................................
-Total earnings o f the bank for the year 1916, after allow ing
for am ortization o f premiums and discou n ts---------------------T o ta l expenses o f the bank fo r the year 1916...............................
D ividends p a id ‘to depositors for th e year 1916...........................
N et earnings for the year 1916 over expenses and dividends
paid to d e p o s ito r s ................................ ..............................................




1.5 95 .1 2 9 91
850 49
4
4
2 ,0 2 4 ,6 6 1 77
143,298 49
1 .5 95 .1 2 9 91
286,233 37

214

R eport oh S avin g s B a n k s
84.

WORTH R IV E R S A V IN G S B A N K , N E W Y O R K C IT Y

[31 W est 34th stre e t; Incorporated 1868]
C H ARLES ROHE, President.
GEORGE T . GONNBTT. Secy, and Treas.
C H R IST IA N P. T IB T JB N , V ice-Pres.
HERM AN P. DIETMA1&N, A sst. Treas.
R A N A LD H. MACDONALD, Viee-Pres.
H O B A R T G. M ILB A N K , A sst. Secy.

TRU STEES
C H R IST IA N P . T IB TJBN ,
C H ARLES ROHE,
R. H. MACDONALD,
W IL L IA M H. SAGE.
A L B E R T B . ASH FO R TH ,

JOHN A . HANGS,
CHAS. W . C A RPEN TER,
CH A R LE S H. PARSONS,
W . C. OTTBRSON,
T. A . BA LL,

THEODORE H. BANKS,
R O B E R T H. GOFFB,
H ENRY B. FISCH ER,
GEORGE T . CONNETT,
P R A N K PR BSB R E Y ,
LAW RENCE M cGUIRE.

F IN A N C IA L
RESOURCES

Bonds and m ortgages.......................
Stock and bond investm ents, v iz .:
StoeJcs and Ttonda
State o f New York ...............
State o f Massachusetts .......
State o f Tennessee ...............
Cities in other States............
Cities in this State...............
Counties in this S ta te.........
Villages in this S ta te .........
R ailroad m ortgage b o n d s ....

Par
value
$100,000 00
300,000 00
60,000 00
895,000 00
1,016,000 00
110,000 00
103,000 oo
1,100,000 00
$3,674,000 00

$ 5 ,0 6 9 ,0 2 5 00
Original
Estimated
cost
m arket value
$107,890 63
$116,000 00
329,069 00
286,000 00
52,545 10
54,500 00
91% 900 00
944,795 00
1,085,325 04
1,094,750 00
117,400 00
115,203 39
108,436 00
104,807 28
1,039,000 00
1,177,228 43
$3,916,863 87

$3,734,986 00

3 ,7 3 4 ,9 8 6 00
Banking bouse and lot, book value, $237,000; cost, $237,000;
actual cash v a lu e ........... ......................................................................
Other real estate, book value, $98,571.50; cost, $98,571.50;
actual cash v a lu e ..................................................................................
Cash on deposit in banks or trust com panies.................................
Cash on h an d..............................................................................................
T ota l o f collectible in terest...................................................................

237,0 0 0 00
98,571
910,107
6 ,3 2 7
105,009

50
67
36
26

$ 1 0 ,1 6 1 ,0 2 6 79
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal ................................................................................ $9,274,674 68
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916........................
149,186 69

------------------- $ 9 ,4 2 3 ,8 6 0 77
Other liabilities, v iz : A djustm en t o f ren ts.................................
1 ,702 49
Surplus on m arket v a lu e.......................................................................
735,4 6 3 53
$ 1 0 ,1 6 1 ,0 2 6 79
Surplus on par value, $674,477.53.
CASH T R A N SA C T IO N S D U R IN G TH E Y E A R 1916
R E C E IP T S
Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ........................................ ....
$830,055
F rom depositors, n o t in cluding dividends cred ited ......................
3 ,0 8 0 ,6 4 9
F rom interest on loans, deposits and in vestm ents......................
406,247
F rom rents from other real e sta te .....................................................
1 ,0 00
F rom m ortga ges.........................................................................................
342 125
F rom redemption o f stocks and b on d s...............................................
1 0 ,00 0
F rom real estate s o ld ..............................................................................
19,408




87
66
54
00
00
00
16

N*e w Y

ork

215

County

From all other sources, viz.:
T o subordinate interest in m ortgages.............................
S atisfaction pieces and notary fe e s................................
Refund fo r appraisals.........................................................
A djustm ent o f rents............................................................

$19,979 11
41 95
345 00
4,508 72

------------------

2 4 ,87 4 78
$ 4 ,7 1 4 ,3 0 1 01

PA Y M E N T S
T o depositors, including dividends paid to th em ........................... $ 2 ,6 9 1 ,9 0 1
F o r loans on bonds and m ortga ges......................................................
624,850
F or stocks and bonds purchased, in cluding premiums, com ­
386,623
m issions, etc. (to ta l par value, $ 3 9 0 ,0 0 0 ).............................
2 ,6 97
F o r interest (other than dividend paym ents to d e p o s ito r s ). . .
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or taxes : Banking house,$3,273.04;surplus, $5,201.87
F or expenses, except taxes, o f banking n ou se:
R epairs .............................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
R epairs .............................................................................
Insurance .........................................................................
Taxes ..............................................
O ther...................................................................
329
F o r other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u s e ....

71
00
70
61

$24,963 17
8,47491
463 57
1,594 27
212 76
193 59
808 17
14
6,746 64

43 ,78 6 12
F o r real estate acquired b y foreclosure, o r in settlement o f
debts due the b a n k ................................................................................
Other paym ents, v iz .:
T o subordinate interest in m ortgages.........................
Adjustm ent o f rents..............................................................
T axes advanced .*...................................................................

20,441 67

$19,979 11
3,581 95
4,064 11

27 ,62 5 17
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y .................................................

916,435 03
$ 4 ,7 1 4 ,3 6 1 01

S T A T IS T IC A L IN FO R M A TIO N
N umber o f open accounts January 1, 1917......................................
20,409
N um ber o f accounts opened or reopened du rin g th e y e a r .........
4,291
Num ber o f accounts elosed durin g the y e a r....................................
2 ,8 0 0
A mount deposited during the year, n ot in cluding dividends
credited fo r th at p e riod ..................................................................... $ 3 ,0 8 0 ,6 4 9 6 6 .
A m ount w ithdraw n during the y e a r ...................................................
2 ,6 9 1 ,9 0 1 71
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917........................................................................

$144,607 91
149,186 09

Average am ount o f each account January 1, 1917.........................
R ate per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the s ix m onths
ending December 31, 1916..................................................................
T ota l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f prem ium s and d iscou n ts...........................
T ota l expenses o f the bank fo r the year 1916.............................
D ividends paid to depositors fo r the year 1916...........................
N et earnings fo r the year 1910 over expenses and dividends
paid to d ep ositors................................................................................




2 9 3 .7 9 4 00
461 75
m
3%
4 0 1 ,6 6 4 50
48 ,88 3 74
293.7 9 4 00
'58,986 76

M 16
85.

K beobt on S a vin g s B a n k s

SEAMEN’S BANK FOR SAVINGS IN THE CITYsOF iMEW MOSK

,[74— W all stre e t; incorporated 1829]
76
D A N IE L B A R N H f'S re sld e n t.
SOTDBKICSK A .i5 T M M IP 0 fi.J rea «trer.
O
T
GEORGE H. MACY, V ice-P resident
W1LDISTON H. » S W D I C T , Secretary.
GEORGE F. CRANE. 'Vice-President.
GEORGE M. H A LSE Y, Ca9Sier.

TR U ST E E S
OK)6WQfliH .< ACYt
H
A N S O N ~m . HARD,
W IL L IA M E . STIGER,
GEORGE F. CRANE,
W .iH .!H B N E IH C T,
A N S O N A . »RAVEN,
1 M . A . BU TLER,

D A N IE L BARNES,
ED W AR D W . SHELDON,
GEORGE C.t CLARK,
P. A . B . FRAN K LIN ,
-EUGENE iD B IA N G ,
SAM U EL SLOAN,
H EN RY B .'T A Y L O R ,

W IL L IA M A. H AZAR D ,
E L L IS G. RICH ARDS,
GEO. M . HALSEY,
WM. H. W H EBLOCK.
W .: N. ?DUANE,
RO B E R T S. B REW STER,
V . J&VBBIT ‘M A C Y ."

F IN A N C IA L
RESOURCES

Bonds and m ortgages.................... ................................
Stock and bond .investments, v iz .;

7$41,857,’100 00

Bar
<©tlgtaal
iBstimated
value
cost
m arket value
State o f New York................. 11,019,*000 00 $1,047, §33 50
11,099,940:00
State o f M aryland...................
100,000 00
93;000*00
97;flTOO0
State o f M assachusetts......... 5,'626,000 00
6,152,92400 5,-408,440 00
5, 025,700 oo
Cities In other States............ 5,095,000 00
5,460,765 33
9,125,993 00
Cities in this State................ 9,T91, 950 00
9,540; 553 24
Counties in this S tate.......... 1,046,600 00
1,041,60429 1,031,045 00
R ailroad m ortgage bon ds— 19,‘ 166,000*00 '20,188,010'04 17,V97,'2ID'0O

Stocks and lands

141,243,450 00 $43,524,411 00 $39,585,328 00

:39,§88,a28 J0O
B a ck in g house and lot, book value, $477,964.85; cost, :$477j904.85; actual cash v a lu e ...................................................................
4 7 7 ,9 6 4
Other real estate, L ook value, $1,623, 347.37,; cost, $1,623,347.37; actual cash v a lu e................................................................... iI;&M ;OO0
Cash on dep osit in banks or “trust com panies.........................
4 ,1 9 1 ,4 7 2
587,223
Cash on h a n d -...........................................................................................
853,733
T o t a l o f collectible in terest...................................................................
A m oun t o f a ll other assets, v iz .: Insurance premiums ad­
877
vanced von ..mortgaged p ro p e rty

m
00
72
67
32
85

$ 8 9 ,0 6 9 ,7 0 0 41
L IA B IL IT IE S

A m ou n t due depositors, w iz .:
P rincipal ...............................................................................179,821,270 42
Dividends credited o r to be credited fo r the six
u n odite .ending w ith December 31, 1916........................ 1*515,626 IS
’

------------------,$81,336,896 M
Surplus on market v a lu e................. ............................................ .......... 7 ,7 3 2 ,8 0 3 4 7
« ; 0 f 9 ; 7 0 0 41
SurjUiis on par value, .$9,390*925.47.
CASH T R A N SA C T IO N S D U R IN G TH E Y E A R ,1916
{RECEIPTS
C ash on hand an d in banks or tru st eonjpanies January 1 ,
1910, before transactions o f the d a y .............................................. $ 4 ,9 4 4 ;0 2 9 T 4
’F rom depositors, n o t including dividends cred ited ...................... 1 4 /28 9 ,1 5 1 27
‘F rom interest on loans, deposits and investm ents......................
3 ,5 5 8 ,5 8 8 06
'F rom rents from banking h ou se..........................................................
5 ,050113
F rom rents from Other real esta te...................................................
6 6 ,3 6 0 98
F rom m ortga ges.........................................................................................
1,357,80© 00
F rom redemption o f stocks and b on d s...............................................
8 72,150 00
F rom real estate s o ld ..............................................................................
143,210 03




H

ew

-Y

oke?

O otjnty

217

F rom all other sources* v iz .:
Settlem ent o f Are less*......................................................
Other real, ectiite sold.................................................... . . .

Insurance; premium advanced, refunded................

P , 235 00
12f00fc«)t

i»-8&i
------------ ;—

$ ia ,4 0 7 95

$ 2 5 ,1 6 9 ,4 4 8 26
PA Y M E N T S
T o depositors, including dividends Raid; to., t h e m ............ . . . . . .$14^, 864-:, 269
F o r loans o n , bonds and m ortga ges................................................... 3 ,1 8 0 ,6 0 0
F or stocks and bonds purchased! in cluding premiums, com ­
missions, etc. (to ta l par value, $4*672,”
000)............................... 1 ,5 9 1 ,6 8 0
F o r interest (other, than dividend paym ents to d e p o s ito r s ). .
11,156
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or taxes : Banking .house, $9,592.31; surplus, $64;§63.13
F or expenses, except taxes, of* banking house : .
Repairs .................................. ..........................................

Insurance ......................................................................

Other ................................................................................
F or expenses o f other real estate, v i z .:
Repairs .............................................................................
Insurance ..........................................................................
Taxes ................................................................................
O th e r,..................................................................................
Star oilier expenses, not including expenses, o ff other
real estate nor. other, expenses o f banking house-----

22
00
05
66

$87,211 60
74,466-41
3,808* 0$c

221*99^

13,8tt’ 9SP
$288
3,545
26,713
1,597

2*
79
80
11

J2} 7$7.15

236,122 03
F o r real estate acquired; b y foreclosure, or in settlement1 o f
debts, due the b a n k ............................................................................
O ther:paym ents, v iz .:
Insurance premiums advanced........................................
Im provem ents on other real estate................................

490,3 3 3 02

$1,002 80
32,588 0®

33 ,59 0 89
Cash on hand and in banks or tru s t com panies December 31!
1018, a fter transactions o f the d a y .................................................

4 ,7 7 8 ,6 9 6 39
$25*169:* 448 26

STATISTICAL* INFORMATION^
Numbers o f open accounts. January 1, 1917......................................
102,634
Number o f accounts opesned .or reopened dtiiingi the: yea rs.......
14,191
N u m b e n o f accounts closed, during, th e .y e a r ....................................
13:, 226
Amount; deposited during the year, n ot including: dividen d*
cr edited : f o r that p e riod ......................................................................$ 1 4 ,2 0 9 ,1 5 1 27
Ataount w ithdraw n during the y e a r ........................
1 4 ,86 4 ,2 6 9 22
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 191®............ ............................................................ U, 482,017: I f
January 1, 1917................................................................... 1,515,626 52
------------------ 3 ,0 1 2 ,6 4 3 67
Average am ount' of. each accou n t January 1, 1917;.......................
702 49
Rate, per cent, o f dividends to depositors during the six: m onths
ending June 30, 1916...........................................................................
4
M ite p e r cent, o f dividends* t o depositors d h rin g th e-six m on th B
ending; December 31, 1916...................................................................
4
T ota l earnings o f the bank fo r th e year 1916, after allow in g f d r am ortization o f prem ium s and d is co u n ts . .................... $ 3 ,5 8 8 ,4 9 0 83
T btal expenses o f th e bank* fdr th e year* 1 9 1 6 ;.............................
23#, 122 03
D iv id e n d paid to depositors f o r the *year 1916.............................
3 , 0J2:, 643 67
N e t earnings for the year 1016 o v e r expenses and dividftndi
paid t o dep ositors................................................................................
339 725 13




218

R eport o f S avin g s B a n k s
88 .

THE UNION DIME SAVINGS BANK, NEW YOKE CITY

[701 Sixth av en u e:
A L E X . P . W . KINNAN, President.
F R E D ’K H. ECKER, Vice-President.
CLERM ON T H. W ILC O X , Vice-Pres.

incorporated 1859]
FRAN CIS M. L E A K S , Treasurer.
WM. H. LOCKE, A ssistant Treasurer.
FR A N K F. H A ZAR D , Secretary.

TRUSTEES
WM. H. LOCKE,
CHARLES A . SA C K 1T T.
JAM ES S. HERRM AN,
JOH N R, HEGEMAN.
FR AN C IS M . LEAK K.
CLERM ON T H. W ILCOX.

A L E X . P . W . KINNAN,
F R E D ’K H. ECKER,
W IL L IA M C. LANE,
ABRAM C. D sG R A W ,
JOH N F. THOMSON,

W M . M cM A ST E R M ILLS,
E D G A R A. T R B D W E L L,
W IL L IA M R. INNIS,
GEORGE HADDEN,
W IL L A R D B. EDM ISTER,
JOHN C. VAN CLB2AF.

F IN A N C IA L
RESOURCES

B onds and m ortga ges......................................................
Stock and bond investm ents, v iz .:
S to c k s an d bands

S ta te o f M assachusetts.........
Cities in other S tates............
Cities in this State.................
T ow ns in this State...............
V illages in this S tate............
R ailroad m ortgage b o n d s .. . .

P ar
value
,$50,000 00
1,858,000 00
4,279,600 00
78,000 00
328,000 00
7,990,000 00

$ 2 9 ,9 7 9 ,8 0 0 00

Original
Estimated
eost
m arket value
$49,51395
$47,600 00
1,962,14715 1,968,340 00
4,600,26663 4,431,775 00
80,61580
78,000 00
363,946 00
327,580 00
8,146,861 27
7,413,950 00

$14,683,600 00 $15,193,249 80 $14,257,145 00

...............
1 4 ,25 7 ,1 4 5 00
...................... — —
P rom issory notes payable on dem and..............................................
415,0 0 0 00
B anking house ana lo t, book value, $650,000; cost, $846,336,3 7 ; actual cash v a lu e.........................................................................
650,0 0 0 00
Other real estate, book value, $288,833.31; cost, $298,031.92;
actual cash v a lu e ..................................................................................
288,833 31
Cash on deposit in banks or trust com panies...............................
4 ,9 9 3 ,8 5 1 29
Cash on h an d..............................................................................................
5 19,132 32
T ota l o f collectible in terest...................................................................
481,241 78
Am ount o f all oth er assets, v iz .: Rents a ccru ed .........................
6 ,3 7 0 00
$ 5 1 ,5 9 1 ,3 7 3 70
L IA B IL IT IE S

...........................^
—

Am ount due depositors, v iz .:
P rincipal .................................................................................. $46,737,349 30
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916........................
731,555 16

------------------ $ 4 7 ,4 6 8 ,9 0 4 46
Other liabilities, v iz .: Expenses incurred, b u t u npaid : Re­
serve fo r surplus t a x
19,260 00
Surplus on m arket va lu e.......................................................................
4 ,1 0 3 ,2 0 9 24
$ 5 1 ,5 9 1 ,3 7 3 70
I,::;::.:.;:;:::.
.' , :

Surplus on par value, $4,429,564.24.

CASH T R A N SA C TIO N S D U R IN G T H E Y E A R 1916

RECEIPTS
Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................ $ 5 ,0 5 8 ,7 0 0
F rom depositors, n ot in cluding dividends cred ited ................... 1 6 ,71 8 ,7 5 1
F rom interest on loans, deposits and investm ents....................
2 ,0 5 6 ,4 4 3
22,547
F rom rents from other real e sta te ..................................................
•From m ortga ges.........................................................................................
979,550
From redemption o f stocks and b on d s............................................
527,0 0 0
F rom stocks and bonds sold (to ta l par value, $ 9 2 ,0 0 0 ) ...........
96,342
F rom loans p a id .........................................................................................
5 0 ,0 0 0
From real estate s o ld ..............................................................................
3 32,824
From a ll other sources, v iz .:
Taxes and expenses advanced, refunded
M aintenance real estate refunded___. . . . .
Settlem ent o f fire lo ss..................................
Land c o n t r a c t s ............................................. .
M oney found and unclaim ed......................




$554 18
1,534 00
10,750 00
2,000 00

27 31

70
76
40
23
00
00
03
00
87

219

N e w Y ork C o u n t y
Insurance premiums advanced, refunded,
Rents from real estate in fo re clo su re ...

776 29
4,035 68

$10,677 46
$ 2 5 ,8 6 1 ,8 3 7 45
PAYM ENTS
= = = = = = =
T o depositors, including dividends paid to th em ........................$ 1 2 ,8 1 8 ,3 3 8 92
F o r loans on bonds and m ortga ges................................................... 5 ,1 5 4 ,0 0 0 00
F or loans on stocks and bonds and other secu rities.................
4 6 5 ,0 0 0 00
F or stocks and bonds purchased, including premiums, com ­
m issions, etc. (to ta l par value, $ 1 ,6 7 5 ,0 0 0 )...............................
1 ,6 7 5 ,2 3 8 50
F or interest (oth er than dividend paym ents to d e p o s ito r s ). . .
13,351 76
F o r current expenses o f the bank, v iz .:
For salaries .........................................................................
186,529 44
For taxes:
Banking house, 112,178.40; surplus,
$33,365.11 ............................................................................
45,543 51
For expenses, except taxes, of banking house:
Repairs ..........................................................................
302 08
Insurance ......................................................................
393 20
Other...............................................................................
5,066 83
For expenses o f other real estate, v iz .:
Repairs ..........................................................................
8,838 62
Insurance ......................................................................
22 50
Taxes ..............................................................................
12,910 64
Other ....................
7,252 16
For other expenses, not including expenses of other
real estate nor other expenses of banking house...
16,954 22
-----------------183,813 10
F or real estate acquired by foreclosure, or in settlement o f
debts due th e b a n k ........................
14,416 07
Other paym ents, v iz .:
$10,750 00
Restoring property damaged by Are..............................
Expenses paid ....................................................................
89 38
Maintenance o f real estate........ ......................................
1,534 00
Payment — forged draft ...................................................
1,526 43
3,226 00
Commissions sale o f real estate......................................
Insurance and taxes advanced................................... .
4,©9 23
2,971 45
Rents mortgaged property ..............................................
-------------------------------------- 2 4,695 49
Cash on hand and in banks or tru st com panies December 31,
1916, a fte r
transactions o f the d a y ................................. 5 ,5 1 2 ,9 8 3 61
.,8 6 1 ,8 3 7 45
S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts January 1, 1917....................................
133,234
Num ber o f accounts opened o r reopened durin g th e y e a r . . . .
3 3,774
Number o f accounts closed during the y e a r .................................
2 2,559
Am ount deposited during the year, n ot including dividends
credited fo r that p e rio d ....................................................................... $ 1 6 ,7 1 8 ,7 5 1 76
A m ount w ithdraw n durin g the y e a r ..............................................., 1 2 ,81 8 ,3 3 8 92
A m ount o f dividends credited and paid fo r the year, viz.:
July 1, 1916.. ,
January 1, 1917.

$696,187 66
731,655 16

1 ,4 2 7 ,7 4 2 72
356 26
Average amount o f each account January 1, 1917........... .............
Number o f accounts w hich exceeded $3,000, exclusive o f
dividends credited, at the last tria l balance o f depositors’
ledgers, except deposits arising from society accounts, or
ju d icia l sales, or trust funds, or by order o f a cou rt o f
6
record o r o f a su rroga te..............................................................
$ 19,906 07
T ota l am ount o f such a ccou n ts............................................................
R ate per cent, o f dividends to depositors during th e six months
ending June 30, 1916...........................................................................
m
R ate jier cent, o f dividends to depositors during the six m onths
ending December 31, 1916..................................................................
3%
T ota l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f premiums and d iscou n ts............................. $ 2 ,1 0 4 ,0 9 5 69
192,202 55
T ota l expenses o f the bank fo r the year 1916...........................
1 ,4 2 7 ,7 4 2 72
D ividends paid to depositors fo r the year 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
484,150 42
paid to d ep ositors..................................................................................




220

B eport on S a vin g s B a n k s
87. UNION SQUARE SAVINGS.BAKE; .H *W V O S K G IfT

[26 Union Square; incorporated 1848]
WM» H. RGCKWOOD, President.
SAMUEL WOOLVERTON, Treasurer.
W , EMLEN- ROOSEVELT, Vice-Pres.
FREDERIC C. M ILLS, Cashier.
EDWARD, M. TOWNSEND, Vice-Pres.
HUGH B. GARDNER, Asst. Cashier.
HENRY- R. BRINOKBRMOEiy Secy.
TRU STEES
W. EMLEN ROOSEVELT,
CHASs G. THOMPSON,
FREDERIC S. WELDS,
ALBERT M. PATTERSON,
WM. dmF. HAYNBSL

ISAAC TOWNSEND
LORIN K. SCUDDED
SAMUEL WOOLVERTON, WM. H. ROCKWOOD,
F1ANK B. KEECH,
NBWBOLD Ti LAWRENCE*.
BRONSON W INTH80E, EDWARD-G.. EVANS;,
EDWARD M. TOWNSEND .JULIAN W . ROBBINS.
F IN A N C IA L .

RESOURCES
Bonds and m ortgages.............................................................................. $ 7 ,8 8 # ,7 0 0 00
Stock and bond investm ents, v iz .:
Par
Original
Estimated
S to c k s and hbiula
value
cost
market value
600,00
State of New York.................. $300,>
$308,125 00
$308,000 6
0
98,500 00
101,00000
State of Maryland..................
100,000 0 0
1,076,588 20
1,038,14000
Cities in this S ta te ............ 1,027,000 00
_ 2,775,000 00
2,859,237 50
2,438,50000
Railroad mortgage bonds_
$4,202,000 00

$4,339,430 70

$3,885,840 00
3 ,8 8 5 ,6 4 0 00

Banking house and lob, book value, $350,000; cost, $4§5,G78»r
7 6 ; actual cash v a lu e.......................................... .............. ...........
Cash on deposit in hanks o r trust com panies...............................
Cash on h a n d ,....... .................................................. .................................
T ota l o f collectible in terest.......................................... ........................

310,000
m ,U 9
103,501
2 m , 199

00
12
10
19

$12,8 9 9 ,1 8 5 50
L IA B IL IT IE S
A m o u n id u e depositors, v iz .:
Principal ............................................................................. $11,871,026 22
Dividends credited t or to be credited for the six
months ending with December 31, 1916........................
214,480 39
------------------ $ 1 1 ,8 8 5 ;5 0 5 61
Surplus, on m arket v a lu e.......................................................................
13,013,678 89
$12,8993,185 50
Surplus on par: value; $1,330,039.89.
CASH T R A N SA C T IO N S D U R IN G TH E Y E A R : 1916
R E C E IP T S
Cash on band and in banks o r tru st com panies January 1,
1916, before transactions o f th e d a y ............................................
F rom depositors,- n ot in cluding dividends cre d ite d -..................
F rom interest on loans, deposits and investm ents..................... .
F rom rents from banking- h o u s e ......................................................
F rom m o r tg a g e s .........................................................7............................
F rom redemption o f stocks and b on d s.............................................
From a ll other sources* v iz .: Settlem ent o f litig a tion -..........




$579,839
3 ,M 2 ,3 8 7
480,149;
1,00#:
69*950
20,655
197

01
56
61
0#
00
20
75

$4*084,189 13

221

H e w Y ork C o u n t y
PAYM ENTS
T o depositors, including dividends paid to -them ___
F o r loans on bonds and m ortga ges................................. .
F o r current expenses o f the bank, v iz .:
F or salaries .............................................................................
F or ta x e s : Banking house, ,$9,4W j
6 69; .surplus,
$6,893.86 ..................................................................................
F or expenses, except taxes, o f banking h o u s e :
R ep a irs................................................................................
J m n m a c e ..........................................................................
Other ..................................................................................
F or other , expenses, n ot including expenses d f other
real estate nor Other expenses o f banking h o u s e ....

$ 2 ,4 2 4 ,0 7 5 91
1 ,6 3 6 ,5 0 0 00
$28,093 75
15,900 55
4061®
119 *83
1,648 85
5,045i82

O ther paym ents, v iz .: Settlem ent o f litig a tio n ...........................
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ...............................................

51,215 62
1,747 29
5 8 0 ,6 5 0 31
$ 4 ,6 9 4 ,1 8 9 13

S T A T IS T IC A L IN F O R M A T IO N
17*085
N um ber o f open accounts January 1, 1917..... .............. .................
3 ,;813
Num ber o f accounts opened o r reopened du rin g the y e a r .........
Num ber o f accounts closed during the y e a r . ...............................
2 ,3 6 4
A m ount deposited during th e year, n o t including dividends
credited fo r that p e r io d ......................................... .. ...........................$ 3 ,542,397 56
A m oun t w ithdraw n during the y e a r ................................................. ;2jj424*;075 91
A m oun t o f dividends credited and piaid fo r the year, v iz .:
July 1, 1916...............................................................................
January 1, 1917........................................................................

$196,061 58
J14.480 39

A verage am ount o f each account January 1, 1917....................
R a te per eent. o f dividends t o depositors durin g th e six months
ending June 30, 1916...........................................................................
R ate per cent, o f dividends t o depositors durin g th e s ix .months
ending December 31, 1916...................................................................
T ota l earnings o f the bank ;for .the year 1916, .after a llow in g
fo r am ortization o f ’ premiums and d iscou n ts.............................
T o ta l expenses o f the bank fo r the year 1916.................................
D ividends pa id to depositors fo r the year 1916...........................
N et earnings fo r the yea r 1916 over expenses and dividends
paid to dep ositors..................................................................................




410.541 97
695 67
4
4
5
$507 ,-428 10
51,215 62
410.541 97
4 5 ,67 0 51

R eport on S avin gs B a n k s

222

88. UNITED STATES SAVINGS BANK OF THE CITY OF NEW YORK
[606 M adison aven u e; incorporated 1889]
CHARLES N. T A IN TO R , President.
JOHN HYSLO F, Treasurer.
W IL L IA M C. ADAM S. Vice-President.
E D W AR D H. LANDON, Secretary.
FRAN CIS G. LLOYD, V ice-President.
ADO LPH E F. L e GOST, Cashier.

T R U S T IE S
R IC H A R D A . ANTHONY,
PAYSON M E RR ILL,
NOAH C. ROGERS,
JOHN HYSLOP,
C H ARLES N. TA IN T O R ,
JAMES A . FRAM E,
E DW ARD I. DEVLIN,

WM. C. ADAM S,
W IL L IA M E. PECK,
F R A N C IS G. LLOYD,
W. W IL L IS REESE,
JOHN P. MTJNN.
N. C. F ISH E R ,

JOHN E . W EE K S,
A D O L P H E F. LE GOST,
ISSA C N. SBLIGMAN,
LA N GLE Y W . W IGGIN,
J. ADAM S BROWN,
E D W IN J. G ILLIE S,
R IC H A R D S. THOMAS.

F IN A N C IA L
RESOURCES

$ 3 ,7 5 9 ,5 0 0 00

Bonds and m ortga ges............................................................................
Stock and bond investm ents, viz.:
S to c k s and b on d s

State o f
Cities in
Cities in
R ailroad

M assachusetts.......
other States...........
this State...............
m ortgage b o n d s ....

P ar
value
$40,000 00
197,000 00
607,400 00
1,074,000 00
$1,918,400 00

O riginal
Estimated
cost
market value
$39,735 00
$37,05000
199,386 24
200,76000
627,043 51
637,37100
1,043,396 41
972,500 00
$1,909,561 16

$1,847,681 00

1 ,8 47 ,6 8 1 00
Banking
actual
Cash on
Cash on
T ota l o f

house and lot, book value, $130,000; cost, $130,000;
cash v a lu e ..................................................................................
deposit in banks or tru st com panies...............................
h a n d ...............................................................................................
collectible in terest...................................................................

130,000
426,673
9 ,7 70
. 5 6,496

00
16
29
25

$ 6 ,2 3 0 ,1 2 0 70
L IA B IL IT IE S
A m ount due depositors, v iz .:
P rincipal .................................................................................. $5,826,397 33
Dividends credited or to be credited fo r the six
m onths ending December 31, 1916...................................
91,249 72

------------------ $ 5 ,9 1 6 ,6 4 7 05
Surplus on m arket v a lu e .........................................................................
313,473 65
Surplus on par value, $384,192.65.

$ 6 ,2 3 0 ,1 2 0 70
........ .............— ..

CASH TR A N SA C T IO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ...............................................
From depositors, not including dividends cred ited ......................
F rom interest on loans, deposits and investm ents.........................
F rom rents from hanking h ou se.......................................................
F rom m ortgages.........................................................................................
F rom redemption o f stoeks and b on d s...............................................
F rom stocks and bonds sold (to ta l par value, $ 2 3 2 ,0 0 0 ).........
F rom real estate s o ld ................................................................................
From all other sources, v iz .:
Telephone and electric charges refunded........................
F e e s—subpoena and ap praisal..........................................
Sale o f old radiator..............................................................
Cash over, tellers...................................................................
R ent o f fu rn itu re...................................................................
Refund by tenants o f expense............................................
Insurance premium and interest refunded....................




$409,123
2 ,2 7 2 ,6 1 4
2 5 5 ,3 3 4
6,8 11
110,050
30 ,00 0
219,547
7 ,0 0 0

36
28
92
67
00
00
62
00

$127 70
108 00
1 46
13 00
140 00
196 33
528 50

-------------------------------------- 1 ,1 09 99
$ 3 ,3 1 1 ,5 9 1 84

223

N e w Y ork C o u n t y
P AYM EN TS

T o depositors, in cluding dividends paid to th em ......................... $ 1 ,7 9 4 ,9 9 6
5 6 1 ,0 0 0
F o r loans on bonds and m ortga ges.................................................
F o r stocks and bonds purchased, in cluding premiums, com ­
401,257
missions, etc (to ta l par value, $ 3 9 7 ,0 0 0 )....................................
2 ,4 6 9
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
F o r current expenses o f the bank, v iz .;
F or s a la r ie s .............................................................................
F or ta x e s : Banking house, $2,488.80; surplus, $2,301.11
F or expenses, except taxes, o f banking h o u se :
Repairs ...............................................................................
Insurance .........................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
Insurance .........................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

14
00
88
96

$16,602 00
4,789 91
4,843 ZL
46 42
3,238 20
24 72
164 62
96 65
3,282 98

33,087 61
F or real estate acquired by foreclosure, or in settlem ent o f
debts due the b a n k ................................................................................
Other paym ents, v iz .:
M ortgage covering banking house and lo t satisfied..
Interest on m ortgage............................................................
F urniture rent paid to ow ner............................................
T eller’s cash sh ort.................................................................
Interest to m o rtg a g e e ........................................................

4 ,8 0 0 00

$75,000 00
1,875 00
140 00
21 8)
600 00

77 ,53 6 80
Cash on hand and in banks or trust com panies Decem ber 31,
1916, after transactions o f the d a y ...............................................

436,443 45
$ 3 ,3 1 1 ,5 9 1 84

S T A T IS T IC A L IN FO R M A TIO N .
Number o f open accounts January 1, 1917......................................
14,935
Number o f accounts opened or reopened during the y e a r...........
3 ,4 02
2,162^
Number o f accounts closed durin g the y e a r ....................................
A m ount deposited during the year, n ot in cluding dividends
credited fo r th a t p e rio d ..................................................................... $ 2 ,2 7 2 ,6 1 4 28
Am ount w ithdraw n du rin g the y e a r ...............................................
1 ,7 9 4 ,9 9 6 14
Am ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................

$86,879 82
91,249 72

Average am ount o f each account January 1, 1917......................
R ate per cent, o f dividends to depositors during the s ix m onths
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1 9 1 6 ...................................................... ...........
T ota l earnings o f the bank for the year 1916, a fter allow ing
fo r am ortization o f premiums and d iscou n ts.............................
T ota l expenses o f the bank fo r th e year 1916.............................
D ividends paid to depositors fo r the year 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors................................................................................




178.129 54
3 9 6 ,1 6
3%
3%
$269,599 04
2 8 ,7 7 8 52
178.129 54
6 2 ,69 0 98

R epoet on S avin g s B a n k s

2M

89.

THE UNIVERSAL SAYINGS RANK, NEW YORK CITY

1149 B ro a d w a y ; Incorporated 1907J
W M T O f . BROW N, J b,,/I S eiEHirOT.
R OBERT MCLEAN, VieerPsesideBt.
BYRON -W., GREENE, .Seeretefar.
CHABNGEY L. M ITC H E L L , Viee-Pres.
E . I. BROW N, Com ptroller.
w w m m w . BROWN, President.

TR U STE E S
W IL B U R F. BROWN,
RO B E R T M cL IA N ,
C. L. M ITCH ELL,
BYRON W . G R E iN B ,
W ILB U R F. BROWN, .Ja.,
R O B E R T M AZBT,
RU SSELL DART,

SAM UEL D. FOLSOM,
FR AN K EL .H IN ES,
COURTNEY iH S B B ,
AUGUST aH. T IE M E Y E fi,
G R O V E R A . W HALEN ,
B L A IR .S . W ILLIA M S.

W IL L IA M M . -MORGAN,
RO B E R T C . aH ILL,
.CHARLES ,J. A U S T IN ,
r
M A M . sR. -O .U T B M R ID 6 E ,
JA M E S L.
JOH N H.
PRESTON P. LYNN.

.F IN A N C IA L
RESOURCES

Bonds and m ortgages--------------------- , . . . . ----------- —
Stock and bond "investments, v iz .:
S to c k s and bon d s

Railroad m ortgage bonds—

.Par
value
$61,009 00

.......................

$216,025 00

Original
Estimated
cost
m arket value
*$59,643 75
$58,440 00

3 8 ^ 4 0 00
Other real estate, book value, i$21,277tfi8.; cost, $21,277.59;
actual cash v a lu e .................................................................. ...............
Cash on deposit an banks or trust com panies...............................
Cash on h a n d . . . . --------- ------------------------------------- -------- -----------T o ta l* o f collectible in terest..................................................................
A m ount o l all other assets, v iz .:
Rent accrued ..........................................................................
Equipment . . . ..........................................................................

2 1 /2 7 7 56
38,m o 26
70
3 ,4 2 2 86

$139 TO
570 57

709 57
$337,162 95
L IA B IL IT IE S
A m ount due depositors, v iz .:
P rincipal ...................................... ..........................................
Dividends credited o r to be credited fo r the six
•m onths ending "with December 31, 1916.........................

$322,121133
4,971‘61

3 2 7 /0 9 2 1 4
1 0 /0 7 0 01

Surplus on market value

$337,m

95

Surplus on par value, $12,630.01.
CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash cm hand and in banks or tr u s t com panies January 1 ,
1916, before transactions o f the d a y .................... ............ ............
:$18,212 .79
F rom /depositors, n o t including dividends c r e d i t e d . . 3 8 7 ‘10
F rom interest on loans,
deposits and investm etfts......... ........
13,746 28
F rom "rents from oth er real esta te ......................................................
476 50
F rom m ortgages ..................................
lO /ffiS ’OO
F rom ntodks and bonds sold (to ta l par value, $ 4 1 ,0 0 0 ).........
39 ,35 6
F rom *tH Other sources, v iz .:
Exchange fees ........................................................................
R efunded on surety bon d....................................................
Cash over — t e lle r s ...............................................................
Guarantee fund .....................................................................
A p p r a is a ls ..............................................




$79 17
4 $4
159 00
4,740 T
O
150 T
O

-------------------------------------- 5 ,1 3 2 51
$491,084 04

E

ew

Y

ork

C oun ty

PAYMENTS
T o depositors, including dividend* paid to t h e m .....................
F o r loans on bonds and m ortga ges........... .......................................
F o r stocks and bonds purchased, including premiums, com ­
missions, etc. (to ta l par value, $31,000)...................................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ).
F o r current expenses o f the bank, viz.:
F or salaries .....................................................................
F or rent o f banking room s.......... .....................................
For expenses o f otter real estate, v i z .:

3 0 ,1 0 5 00
391 55

M »4 # ®

Insurance — .................................................................
T axes ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u s e ....

$296,850 79
112,500 00

i z 83
2W It

R e p a irs..........................................................................

1,280 00
153 45

1,980 73

5 ,0 4 7 15
F or real estate acquired b y foreclosure, or in settlem ent of
debts due the bank ...........................................................................
Other paym ents, v iz .:
Equipm ent ........................................................................... 1.
Cash short — tellers ............................................................

8 ,5 3 4 01

$172 31
195 27

367 58
Oash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y ...............................................

3 7 ,28 7 06
$ 4 9 1 ,0 8 # 04

S T A T IS T IC A L IN FO R M A TIO N .
N um ber o f open accounts January 1, 1 9 1 7 . . . ...............................
Number o f accounts opened or reopened du rin g the y e a r____
Num ber o f accounts closed during the y e a r .................................
A m ount deposited during th e year, n ot in cluding dividends
credited for that p eriod .....................................................................
A m ount w ithdraw n durin g the y e a r ...................................................
A m ount o f dividends credited and paid fo r the year, viz.:
July 1, 1916...............................................................................
January 1, 1917........................................................................
Credited at other periods....................................................




$367,934 10
2 9 6 ,8 5 0 79

$4,483 08
4,971 61
64

A verage am ount o f each account January 1, 1917........... ..
R ate per cent, o f dividends to depositors du rin g the six m onths
ending June 30, 1916.........................................................................
R ate per cent, o f dividends to depositors during the six months
ending December 31, 1016...................................................................
T ota l earnings o f the bank fo r the year 1910, after allow in g
fo r a m ortization o f prem ium s and discou n ts...........................
T otal expenses o f the bank fo r th e year 1916.............................
D ividends paid to depositors for th e year 1916..........................
N et earnings fo r the year 1916 over expenses and dividends
paid to depositors ................................................................................
8

4 ,1 8 0
3 ,767
2 ,5 3 6

9.4 55 33
79 08
4
4
$15,477 44
5 ,0 4 7 15
9 .455 33
974 96

226

R eport oh S avin gs B a n k s
90.

WEST SIDE SAVINGS BANK, NEW YORK CITY

1110—
112 Sixth av en u e; incorporated 1888.1
CLARENCE O. B IG E LO W , President.
W IL L IA M V. HUDSON, Secretary.
NELSON S. W ESTOOTT, V ice-Pres.
JOHN J. B U RKE, A ssistant Secretary.
GEORGE E. M ARKS, V ice-P resident

TRUSTEES
CLARENCE 0 . BIGELOW ,
JOHN C, C A RPEN TER,
CH A R LE S 1 . DUROSS,
FR A N K L. FRUGONE,
R O B E R T L H ARRISON ,
JOHN W . JACOBUS,
GEORGE S . M ARKS,

A R T H U R J . MCCLURE,
JO SE PH ROW AN,
F. Lu SA TTE R LB E.
THOM AS F. SOMERS,
CHAS. H. VAN A K E N ,
W . I. LINCOLN ADAMS,
V. C H A PIN DAGGETT,

JO SE PH H. EM ERY,
N. S. W ESTCOTT,
W M. V . HUDSON,
M. P. GOULD,
R U E L W . POOR,
H E R B E R T B. HARDING,
G. E L L IS REED.

F IN A N C IA L
RESOURCES

$ 2 ,6 9 7 ,9 5 0 00

Bonds and m ortgages ......................
Stock and bond investm ents, v iz .:
P ar
value
$60,000 00
25.000 00
20.000 00
233.000 00
425,646 49
46.000 00
102,487 60
102,626 66
115,196 64
324.000 00

Stocks and bonds
State o f New York ...............
State o f Alabama ...................
State o f California ...............
Cities in other States............
Cities in this State.................
Counties in this S ta te..........
Tow ns in this State................
V illages in this S tate............
School districts in this State
R ailroad mortgage bonds—

$1,443,957 29

Estimated
Original
market value
cost
$58,000 00
$53,968 75
27,310 00
25,750 00
19,411 40
20,200 00
254,840 00
250,871 66
440,482 06
445,296 49
46,167 75
46,920 00
107,906 63
106,667 60
109,688 06
105,834 93
124,342 94
119,907 59
301,348 80
285,720 00
$1,481,487 74

$1,469,126 51

1,469,126 51

Other real estate, book value, $12,315.03; cost, $12,315.03;
actual cash value ......................................................
Cash on deposit in banks or trust com panies___
Cash on hand ...................................................................
T ota l o f collectible in terest..........................................

1 2 ,3 1 5

m

2 6 1 ,0 0 0 00
4 ,8 1 1

m

48,503 64
$ 4 ,4 9 3 ,7 0 6 76

L IA B IL IT IE S

Am ount due depositors, v iz .:
P rincipal .................................................................................. $4,118,193 90
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916 ......................
74,426 04

------------------ $ 4 ,1 9 2 ,6 1 9 94
301,086 82
Surplus o n market v a lu e .......................................................................
$ 4 ,4 9 3 ,7 0 6 76
Surplus on par value, $275,917.60.
CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1910
R E C E IP T S

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................
From depositors, n ot including dividends cred ited ...................
From interest on loans, deposits and investm ents........................
F rom rents from other real esta te.....................................................
F rom m ortgages ........................................ ..............................................
F rom stocks and bonds sold (to ta l par value, $ 5 5 .5 0 0 )..........
F rom real estate s o ld ..............................................................................




$183,482 56
1 ,5 9 0 ,4 4 6 06
186,015 99
51999
7 8 ,60 0 00
52,768 25
5 9 ,50 0 00

Y e w Y ork C o u n ty

221

From all other sources, viz.;
Settlement o f deficiency judgm ent...................................
Beal estate .............................................................................
Teller’s cash over...................................................................
Profit and loss — home savings banks.............................
Expense account — items refunded...................................

$500 00
63 09
9 17

84 00
437 72

------------------

$ 1,093 98
$ 2 ,1 5 2 ,4 2 0 77

PAYM ENTS

T o depositors, including dividends paid to th em ........................... $ 1 ,0 3 4 ,8 9 7
F o r loans on bonds and m ortga ges...................................................
605,5 0 0
F o r stocks and bonds purchased, in cluding premiums, com ­
m issions, etc. (to ta l par value, $ 2 2 0 ,0 0 0 )...............................
209,018
F o r interest (oth er than dividend paym ents to depositors) .
2 ,7 7 2
F o r current expenses o f the bank, v iz .:
F or s a la r ie s ............................................................................
F or taxes : Surplus ...........................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance .........................................................................
Other ..................................................................................
F or rent o f banking room s.................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u s e ...;

58
00
75
09

$13,328 34
2 ,1 4 9 46
9
124
119
3 ,2 3 3

50
22
42
3*

537 35
257 65
897 53
1 ,7 6 9 96

22 ,42 6 77
F o r real estate acquired by foreclosure, or in settlement of
debts due the b a n k ................................................................................
Cash on hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y ...............................................

12,000 00
265,811 58
$ 2 ,1 5 2 ,4 2 6 77

ST A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917......................................
12,642
Number o f accounts opened or reopened during the y e a r ___
2 ,8 5 4
N um ber o f accounts closed during the y e a r ...........................
1,775
A m ount deposited during the year, n ot including dividends
credited fo r that p e rio d ....................................................................... $ 1 ,5 9 0 ,4 4 6 00
A m ount w ithdraw n during the y e a r .................................................
1 ,0 34 ,8 9 7 58
Am ount o f dividends credited and paid fo r the year, v iz .:
J u ly 1 , 1916...........................................................................................................
J a n u a r y 1 , 1917................................................................................................

$68,521 46
7 4 ,426 04

Average am ount o f each account January 1, 1917......................
Number o f accounts w hich exceeded $3,000, exclusive of
dividends credited, a t the last tria l balance o f depositors’
ledgers, except deposits arisin g from society accounts, or
ju d icia l sales, or tru st funds, or by order o f a cou rt o f
record or o f a su rroga te.......................................................................
T ota l am ount o f such a ccou nts............................................................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six months
ending December 31, 1916...................................................................
T otal earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f premiums and discou nts.............................
T otal expenses o f the bank for the year 1916.............................
D ividends paid to depositors fo r the year 1916...........................
N et earnings for the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




142,947 50
331 64

1
$3,293 86
4
4
$193,973 35
2 1 ,9 3 4 27
142,947 50

29,091 58

NIAGARA COUNTY
81.

FARMERS AND MECHANICS’ SAVINGS BANK OF THE CITE OF
LOCKPORT

[116 Main stre e t; incorporated 1870]
W IL L IA M A . W ILLIA M S, President.
J. E. EMERSON, Secretary.
CHARLES A . HOAG, V ice-President.
C H ARLES H. W ENDELL, A sst. Secy.
JOSEPH DUMVILLE, Vice-President.

TRUSTEES
m
A , W ILLIA M S,
CH ARLES A. HOAG,
JOSEPH DU M VILLE.
JEROM E E . EMERSON,

JOHN T . DARRISON,
H. J. BABCOCK,
WM. RICHMOND,
I. A . BRONSON,
th o s. m. m cgrath.

M. D. C LAPSA TTLE ,

JOHN B. ARNOLD,

R M . GRIGG,
R O B E R T H A LL.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges................................................................................ $ 3 ,8 1 5 ,1 6 0 00
Stock and bond investm ents, v iz .:
S to c k s and b onds

State o f Louisiana.................
Cities in other States............
Cities in this State...............
Counties in this State............
Tow ns in this State...............
Villages in this State..........
School districts in this State
R ailroad m ortgage b o n d s ....

Par
value
$100,000 00
101,000 00
199,484 59
5,000 00
152,999 12
150,000 00
74,850 00
802,000 00
$1,585,333 71

O riginal
Estim ated
cost
m arket value
$99,085 00
$104,750 00
102,756 67
105,845 00
201,719 28
200,771 09
5,000 00
5,000 00
153,065 62
152,339 23
151,347 49
149,135 00
75,981 41
76,906 00
832,085 54
715,870 00
$1,621,041 01

$1,510,616 32

$ 1 ,5 1 0 ,6 1 6 32.
B anking house and lot, book value, $143,955.70; cost, $143,955,70; actual easb v a lu e ........... .......................................................
Other real estate, book value, $34,000; cost $45,427.93; actual
cask value .............................................................................................
Cask on deposit in banks or tru st com panies...............................
Cask on h an d ........................................................................................... ....
T o ta l o f collectible in terest...................................................................
A m ount o f a ll other assets, v iz .:
Land contracts .......................................................................
Suspense account .................................................................
Insurance and taxes advanced........................................
R ents accrued ........................................................................

$1,188
2,504
35
1,544

80
©
00
15

140,000 00
45 ,42 7
888,246
9 2 ,62 2
59 ,84 2

93
48
66
68

5 ,2 7 2 58$ 6 ,5 5 7 ,1 8 8 63

L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal ..................................................................................$6, ©2,548 24
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916.........................
57,882 38

-------- --------- $ 6 ,1 1 0 ,4 3 0 82Surplus on market v a lu e.........................................................................
4 4 6 ,7 5 6 OF
$ 0 ,5 5 7 ,1 8 6 63
Surplus on par value, $521,475.40.
-.:.
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Cask on kand and i s banks or tru st com panies January 1,
$ 1 11,610
1910, before transactions o f the d a y ............................................
2 ,2 6 1 ,6 5 0
F rom depositors, n ot in cluding dividends cred ited ..................
2 7 8 ,4 4 4
F rom interest on loans, deposits and investm ents.......................
6 ,1 8 5
F rom rents from banking h ouse.................................................
346,688
F r o m m ortgages...........................................................................................
107,507
F rom redem ption o f stocks and b on d s........... .............................. .. •
2 3 ,4 8 8
F r o m stock s and bonds sold (to ta l p a r value, $ 2 5 ,0 0 0 ).........
F rom a ll other sources, v iz .:
la n d contracts ............................. i . . . . . . . . . ........................
Insurance premiums* advanced, refunded........................




[228]

$!0,866 SO
i,57» a

79
47
05
00
00
12.
75

N iagara C o u n ty
Rebate — insurance
Suspense .................
Profit and loss —

229
$1 88
200 00

143 97

f 12,790 86
$ 3 ,7 4 8 ,3 4 5 04

PAYMENTS
T o depositors, including dividends paid to them
$ 2 ,1 4 0 ,8 1 5
F o r loans an bonds and m ortga ges...................................................
414,475
F o r stocks and bonds purchased, in cluding prem ium s, com ­
m issions, etc. |to ta l par value, $ 1 6 6 ,1 8 0 ).................................
155,967
F o r interest (oth er than dividend paym ents to depositors) . .
1 ,6 06
F or current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s : Banking bouse, $2,947.07: surplus, $3,112.97
F or expenses, except taxes, o f banking h o u se :
R epairs ..............................................................................
Insurance ..........................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes ................
Other ..................................................................................
F or other expenses, not im tudtag expenses o f other
real estate n o r oilier expenses « f banking house___

23
00
75
97

$13,550 00
6,060 <
M
552 01
305 92
3,457 92
378 48
466 27
966 26
4,560 f i
2,761 8*

3 3 ,0 4 9 21
F o r real estate acquired b y foreclosure, o r in settlem ent o f
debts due th e b a n k ................................................................................
Other paym ents, v iz .:
Insurance advanced ............................................................
Deficiency judgm ent ....... ...................................................

19,000 00

$1,486 50
1,075 24

2,5 61 74
Gash on hand and in banks or tru st com panies December 31,
1®16, after transactions o f the d a y ...............................................

*8 0 6 14
_ _ _,8_9 _

S T A T IS T IC A L IN FO R M A TIO N
s
N um ber o f open accounts January 1, 1917......................................
N u m b e r o f a c c o u n ts o p en ed o r re op en ed d u r in g th e y e a r . . . .

13,350
2 ,017
1,533

'Number o f accounts closed during the y e a r ..................................
A m ount deposited during th e year, n ot including dividends
credited fo r th at p e rio d ....................................................................... $ 2 ,2 6 1 ,6 5 0 47
2 ,1 4 0 ,8 1 5 23
A m ount w ithdraw n during the y e a r .................... ..........................
Am ount o f dividends credited and p a id fo r the year, v iz .:
A p ril 1, 1916..............................................................................
July 1, 1916 ................................................................................
O ctober 1, 1916..........................................................................
January 1, 1917............................................................... .
Credited a t other periods....................................................
B ald but not credited...........................................................

$86,018 56
56,253 54
56,698 45
57,882 38
130 30
29

A verage am ount o f each account January 1, 1917....................
Num ber o f accounts w hich exceeded $3,000, exclu sive o f
dividends credited, a t the last tria l balance o f depositors’
ledgers, except deposits arisin g from society accounts, or
ju d icia l sales, or tru st funds, o r b y order o f a cou rt o f
record or o f a su rroga te................................................................ ....
T ota l am ount o f such a ccou n ts...........................................................
B a te p er cent, o f dividends t o depositors durin g the s ix m onths
ending June 30, 1916...........................................................................
B a te per cent, o f dividends to depositors durin g the s ix m onths
ending December 31, 1916........................................................... ..
(Total earnings o f the bank fo r the year 1916, a fter allow in g
lo r am ortization o f prem ium s and d i s c o u n t s . . . . ..................
T o ta l expenses o f the bank fo r th e year 1916...............................
D ividends paid to depositors for the year 1916......... .. ..............
N et earnings fo r th e yea r 1916 over expenses and dividends
pa id to depositors ............................................................................




226,983 52
457 71

21
$69,281 22
4
4
$290,685 28
33 ,04 9 21
2 26,983 52

30,652 55

230

R eport on S avin gs B a n k s
92. N IA G A R A COUNTY SA V IN G S B A N K , N IA G A R A F A L L S

1304 Niagara stre e t; incorporated 1890]
C. M YOUNG, President.
JAM ES T . LOW, Secretary.
JOSEPH E . MONTAGUE, Vice-President.
JOHN P. DOLAN, Treasurer.
HENRY HUBBS, Vice-President.

T R U S T IE S
L. W. PETTEBONE,
A L E X . J. PORTER,
JU LIU S KRAKOSKI,
FRAN CIS H. SALT,
F R E D J. COE,

EUGENE CARY,
GEORGE F . NYE,
DE LANCY RANKINE,
W IL L IA M C. W ALLACE,
JO SE PH E. MONTAGUE, JOHN H. ELLENBAUM ,
JOHN T , W ILLIAM SON , FR ED’ S CHORMANN,
H EN RY HUBBS.
CHRIS. M. YOUNG,
AUGUSTUS G. PO RTER,

F IN A N C IA L
RESOURCES

Bonds and m ortgages................................................................................ $ 1 ,5 9 7 ,0 3 0 00
Stock and bond investm ents, viz,:
P ar
value
$5,000 00
314,315 00
5,000 00
16,000 00
94,000 00
38,000 00
163,000 00

S to c k s and bonds

Cities in o tte r States..........
Cities in this State.................
Counties in this State............
Tow ns in this State...............
V illages in this State............
S chool districts in this State
R ailroad mortgage bonds—

$635,315 00

O riginal
Estimated
cost
market value
$5,247 25
$5,26000
318,548 08
316,00519
4,900 00
5,05000
16,557 12
16, M0 00
95,563 86
97,22000
39,682 10
39,31000
154,5% 60
151,15000
$635,084 %

$630,795 19

630,795 19
Other real estate, book value, $3,500; cost, $3,500; actual cash
value ..................................................... ................................... .................
Cash on. deposit in banks or tru st com panies.............................
Cash on h an d ...............................................................................................
T ota l o f collectible in terest.....................................................................
A m ount o f all other assets, v iz .: Furniture and fixtu res. . . .

3 ,5 0 0
417,296
17,280
46,792
750

00
84
51
91
00

$ 2 ,7 1 3 ,4 4 5 45
L IA B IL IT IE S

Am ount due depositors, v iz .:
P rincipal ..................................................................................$2,542,865 72
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916.........................
43,150 96

------------------ $ 2 ,5 8 6 ,0 1 6 68
Other liabilities, v iz .: Due on m ortga ges......................................
19,870 50
Surplus on m arket v a lu e.......................................................................
107,558 27
$ 2 ,7 1 3 ,4 4 5 45
Surplus on par value, $112,078.08.
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
RE C E IPTS

Cash on hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y ............................................
From depositors, n ot including dividends cred ited ......................
F rom interest on loans, deposits and in vestm ents........................
F rom rents from other real e s ta te ....................................................
F rom m ortgages ......................................................................................
F rom redemption o f stocks and b on d s...............................................
From stocks and bonds sold (to ta l par value,$ 1 0 ,0 0 0 )..............
From real estate s o ld ..............................................................................




$307,402
1 ,8 6 6 ,9 8 9
112,206
366
87 ,14 5
4 0 ,5 3 0
9 ,2 87
4 ,9 8 6

04
40
81
96
00
20
50
34

231

N iagara C o u n ty
From all other sources, viz.:
Due on m ortgages...................................................................
Sale o f travelers’ cheeks................................ .....................

$50,106 51
5 60

------------------

$30,1 1 2 11
$ 2 ,4 7 9 ,0 2 6 36

PAYM EN TS

T o depositors, including dividends paid to th em ......................... $ 1 ,1 9 1 ,7 2 4
F o r loans on bonds and m ortga ges...................................................
509,924
F o r stocks and bonds purchased, including premiums, com ­
missions, etc. (to ta l par value, $297,023.20)...........................
288,5 5 3
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). .
5 ,3 3 8
F or current expenses o f the bank, v iz .:
F o r salaries .............................................................................
F or t a x e s : Surplus..............................................................
F or expenses, except taxes, o f banking h o u se :
R epairs ..............................................................................
F or rent o f banking room s.................................................
F or expenses o f other real estate, v i z .:
R epairs ..............................................................................
Insurance .........................................................................
Taxes ..................................................................................
Other ..................................................................................

99
00
38
59

$6,142 81
846 48
297 81
1,050 00
154
7
84
3,420

16
50
59
20

12,013 05
tlther paym ents, v iz .:
Due on m ortgages...............................................................
F urniture and fixtures.........................................................

$36,145 00
750 00

3 6,895 00
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ...............................................

434,5 7 7 35
$ 2 ,4 7 9 ,0 2 6 36

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917...................................
8,3 85
Number o f accounts opened or reopened du rin g the y e a r ...........
4 ,1 1 5
Num ber o f accounts closed during the y e a r .................................
2 ,2 4 4
Am ount deposited during th e year, n ot including dividends
credited fo r that p e rio d ..................................................................... $ 1 ,8 6 6 ,9 8 9 40
A m ount w ithdraw n during the y e a r .................................................
1 ,1 9 1 ,7 2 4 99
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1916...............................................................................
January 1, 1917........................................................................
Credited a t other p eriods....................................................

$36,496 82
42,740 65
1,003 50

Average am ount o f each account January 1, 1917....................
Rate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors durin g the six m onths
ending December 31, 1916...................................................................
T otal earnings o f the bank fo r the year 1916, after allow in g
fo r am ortization o f prem ium s and d iscou n ts.............................
T ota l expenses o f th e bank fo r the year 1916...............................
D ividends paid to depositors for th e year 1916............. --------N et earnings fo r the year 1916 over expenses and dividends
paid to d ep ositors..................................................................................




8 0 .24 0 97
308 41
4
4
$113,634 69
12,013 05
8 0 .2 4 0 97
2 1 ,3 8 0 67

ONEIDA COUNTY
93. T H E O N EID A CO U N TS SA V IN G S B A N K , ROME
[178 W est Dom inick stre e t; incorporated 18891
C P A S . W< LEE, President.
A . E. W E T H E R B E E , Treasurer.
fA M E S P . OLNEY, V ice-President.
G. L. PRESCOTT, Secretary.
P . M. ORTON, Vice-President.

T R U S T IE S
W. M. ORTON,

D. L. GREEN FIELD,
H O W ARD C. W IGGIN S,
JOHN R, EDW ARDS,

W. W . PA R R Y ,
LAW REN CE CAREY,
A R TH U R J. W Y L IE ,
D. W . W AR D W E LL,
CHARGES W . .LEE.

JAM ES P. OLNEY,
P . G. RA.THBUN,

. a

s

m

F IN A N C IA L
RESOURCES

Bonds and m ortga ges................................................................................ $ 1 ,4 8 7 ,0 6 5 13
Stock and bond investm ents, v iz .:
S to c k s and t e n d s

Cities in other States..........
C ities to this State.................
Tow ns to this S t a t e ............
Villages to this S tate............
School, districts to this State
R ailroad m ortgage b o n d s ....

P ar
value
$55,000 00
188,800 00
18,500 00
234,710 .00
24,000 00
431,000 00

$902,010 00

O riginal
Estimated
market value
cost
$56,884 47
$57,800 00
142,357 60
136,873 80
19,4# 75
m m so
238, 487 82
m w eo
24,437 17
24,590 00
430,086 00
366,190 00

$912,«82 81

$838,894 40
838,894 40

i&mfeing &OR*e and lot, book value, $29,000; cost, $29,432.00;
^ftetUAl JiftSh v a lu e .......................................................................................

Other real estate, book value, $1,035.20; cod ; $1,035.20;
.actual cash value .............................................................................. ..
Cask on deposit in banka or tru st com panies...............................
(h a h on hand .............................................................................. ............ ..
T ota l o f collectible in te re s t............................. .......................................
A m ount o f a ll oth er assets, v iz .;
M ortgage tax and insurance accou n t..............................
$108 79
Rents accrued .......................................................... ............

2 9 ,0 0 0 00
1 ,0 35
171,287
2 0 ,17 5
4 7 ,5 3 9

20
08
73
23

$2 00

141 7 9
$ 2 ,5 9 5 ,1 3 8 51
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rin cip al................................................................................... $2,409,596 83
Dividends credited o r to she credited fo r the six
m onths ending w ith December 31, 1916........................
40,775,40

$ 2 ,4 5 0 ,3 7 1 23
1 4 4 ,7 8 7 28

Surplus on market valu e.

$ 2 ,5 9 5 ,1 3 8 51
fftugplus on par value, $207,882.88.
CASH TR A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Gash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y .............................................
F rom depositors, n ot including dividends cred ited....................
From .interest on loans, deposits and investm ents......................
F rom rents from banking h ou se..........................................................
F rom rents from other real esta te.....................................................
F rom m ortga ges.........................................................................................
F rom redemption o f stocks and b on d s...............................................
From stocks and bonds sold (to ta l par value, $ 3 0 ,0 0 0 )...........




[232]

$182,714
557,111
113,311
426
12
118,002
31,945
29 ,57 5

42
33
88
00
50
42
00
00

O

n e id a

C ounty

From all other sources, viz.:
Redemption o f judgm ent against State o f New York.
Correction o f dividends to depositors.........................
Interest — m ortgages .......................................................
A ppraisals ...............................................................................
M ortgage Insurance and tax accoun ts......................... .
Home safes paid f o r ............... ..............................................
Sale o f desk, e tc......................................................................
Bankers Engineering C o......................................................

U , m 34

7 11

2405$

28
151
10
74

75
24
72
84

20 00

$4,938 $8
$ 1 ,0 3 8 ,0 3 7 13

PAYM EN TS

T o depositors, in cluding dividends paid to th em ...........................
F or loans on bonds and m ortgages.....................................................
F o r stocks and bonds purchased, including premiums, com ­
m issions, etc. (to ta l par value, $ 8 0 ,0 0 0 )....................................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
F or current expenses o f th e bank, v iz .:
F or s a la r ie s ...........................................................................
F or ta x e s : Banking house, $348.88; surplus* $1,146.99;
on mortgages, $2W.............................................................
F o r expenses, except taxes, o f banking h o u se :
Repairs .................................. ......................... .................
Insurance ...................... ...................................................
Other ............ .....................................................................
F or rent o f banking room s.................................................
F or expenses of> other seal estate, v i z .:
Taxes .................... .............................................................
F o r other expenses, not including expenses o f other
real estate nor other expenses o f banking house___

80,023 07
916 40

$7,691 00
1,745 87
215 84
52 70
50 70
53 33
6 30
2,206 26

F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ................................................................................
Other paym ents, v iz .:
M ortgage insurance and tax accoun t.............................
Bankers’ Engineering Co., In c..........................................
C onstruction account ...........................................................
Correction o f m ortgage interest.......................................
Hom e safe b o n # it .................................................................

$576,955 18
169,037 00

12,022 00
1 ,0 35 20

$142 74
6,003 23
437 19
1 90
80

6 ,5 8 4 88
Gash on hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y .................................................

191,462 76
$ 1 ,0 3 8 ,0 3 7 13

ST A T IS T IC A L INFOEM ATTON
Num ber o f open accounts January I, 1917...................... .................
Number o f accounts opened o r reopened durin g th e y e a r .........
Number o f accounts closed during the y e a r .................................
A m ount deposited durin g th e year, n ot in cluding dividends
credited fo r th at p e rio d .......................................................................
Am ount w ithdraw n during the y e a r ...................................................
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1918.............................. ................................................
January 1, 1917........................................................................
Credited a t other periods....................................................

$557,111 33
576,955 18

$40,453 23
40,775 40
387 40

A verage am ount o f each aceount Janu ary 1, 1917......................
B ate per cent, o f dividends t o depositors du rin g the six m onths
ending June 30, 1916...........................................................................
B ate per cent, o f dividends t o depositors du rin g the six months
ending December 31, 1916..................................................... ...........
T o ta l earnings o f the bank fo r the year 1916, after a llow in g
fo r am ortization o f premiums and discou nts.............................
T ota l expenses o f the bank fo r the year 1910...............................
D ividends paid to depositors for the year 1916.............................
N et earnings for th e yea r 1916 over expenses and dividends
paid to dep ositors..................................................................................




7,7 02
903
735

8 1 ,6 1 0 08
318 08
m
m
$ 1 15,620 75
12,022 00
8 1 ,01 0 08

21,982 72

234

R eport on S avin g s B a n k s
9 4 T H E ROM E S A V IN G S B A N K , ROME

[122 W est Dom inick stre e t; incorporated 1851]
SAMUEL H. BEACH. President.
JAM ES T . STONE, Treasurer.
H EN RY BARN ARD, S b ., Vice-President.
FR A N K M. M ERTZ, A sst. Treaa.
JA M E S A. B A ILE Y , Vice-President.
C A R L SIMON, Secretary.

T R U S T IE S
SAM U EL H. BEACH.
H E N R Y BARN ARD, Sb .,
JOHN D. MCMAHON,
THEO. J. MOWRY,

JA M E S M. E TH R ID G E ,
C A R L SIMON,
F R E D M. SHELLEY,
JAM ES A. B A ILE Y ,
W ESTON JEN KIN S.

JAM ES A . SPARGO,
GEORGE A. CLYDE,
A . R. KESSINGER,
H OW ARD J. ROW LAND.

F IN A N C IA L
RESOURCES

Bonds and m ortgages......................
Stock and bond investm ent, v iz .:

$ 2 ,0 6 1 ,3 5 5 45

P ar
value
$50,000 00
80.000 00
30.000 00
193,000 00
371,823 69
30.000 00
46,600 00
25.000 00
713,600 00

Stocks and bonds

State o f New Y ork.................
State o f M assachusetts.........
State o f C alifornia.................
Cities in other States............
Cities in this State...............
T ow ns in this State..... .........
V illases In this State....... ..
School districts in this State
R ailroad mortgage b o n d s ....

$1,639,423 69

Original
Estim ated
m arket value
cost
$52,000 00
$64,500 00
83,790 00
76.600 00
28,575 00
30.600 00
197,624 65
192,930 00
394,671 98
388,458 69
31.500 00
30,819 00
47,994 75
44,968 00
26,665 00
25.500 00
766,798 97
690,435 00

_____

$1,617,929 35

1 ,5 35 ,3 9 1 69
B anking house and lot, book value, $52,000; cost, $54,000;
actual cash, v a lu e ....................................................................................
Other real estate, book value, $10,313.85; cost, $11,201.10;
actual cash v a lu e ..................................................................................
Cash on deposit in banks or trust com panies...............................
Cash on h a n d .............................................................................................
T ota l o f collectible in terest.....................................................................
A m oun t o f a ll other assets, v iz .:
Land contracts .....................................................................
M ortgagors’ tax and Insurance.......................................

5 2 ,0 0 0 00
10,313
274,511
38,705
66,145

85
19
39
Of

$3,100 00
339 40

3 ,4 3 9 40
$ 4 ,0 4 1 ,8 6 2 03
L IA B IL IT IE S

-........... .......... — —

A m ount due depositors, v iz .:
P rincipal .................................................................................. $3,608,151 71
Dividends credited o r to be credited fo r the six
m onths ending w ith December 81, 1916......................
60,575 78

----------—
Surplus on m arket v a lu e.......................................................................

Surplus on par value, $377,166.54.

$ 3 ,66 8 ,7 2 7 49
373,134 54
$ 4 ,0 4 1 ,8 6 2 03
==zz::z:z=,=====:

CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y ...............................................
F rom depositors, n ot including dividends cred ited ......................
F rom interest on loans, deposits and investm ents......................
F rom rents from hanking h ou se..........................................................
F rom rents from other real e sta te .....................................................
F rom m ortga ges..........................................................................................
F rom redemption o f stocks and b on d s............................................
F rom stocks and bonds sold ( tota l par value, $ 3 9 0 ,0 0 0 ).........
F rom real estate s o ld ................................................................................




$225,872
886,629
178,747
150
222
163,057
12,863
406,314
2 ,2 3 2

80
78
40
00
00
99
11
28
79

235

O neida C o u n ty
From all other sources, viz.:
Suspense ..................................................................................
M ortgagors’ tax and insurance..........................................
Land contracts .....................................................................
Appraisals ..............................................................................
. M iscellaneous ........................................................................
Profit and loss — sale o f bonds........................................
Redemption o f judgm ents against State o f New York

$553 84
1,289 35
1,400 00
31 00
7 00
502 85
9,202 28

$12,986 32
$ 1 ,8 8 9 ,0 7 6 47
PAYM EN TS

................................

T o depositors, including dividends paid to th em ...........................
F o r loans on bonds and m ortga ges.....................................................
Fox stocks and bonds purchased, including premiums, com ­
missions, etc. (to ta l par value, $442,207.01).............................
F o r interest (oth er than dividend paym ents to depositors) . . .
F or current expenses o f the bank, v iz .:
F or salaries .............................................................................
F or ta x e s : Banking house, $696.45; surplus, $3,240.75 ;
mortgages, $608.50 ..............................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance .........................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

$890,468 30
135,464 95
473,834 41
5 ,7 94 62

$11,685 00
4,545 70
275 88
128 30
612 25
327
127
186
42

07
45
27
47

4,835 47

2 2 ,76 5 86
F o r real estate acquired by foreclosure, or in settlement o f
debts due th e hank................................................................................
Other paym ents, v iz .:
Suspense account .................................................................
M ortgagors’ tax and insurance..........................................
Profit and loss — sale o f bonds..........................................
Profit and loss — forged d ra fts........................................

$567
1,044
33,541
62

12,315 74

38
23
60
80

3 5,216 01
Gash on hand and in banks or tru st com panies December 31,
1916, after transactions of the d a y ..............................................

313,216 58
$ 1 ,8 8 9 ,0 7 6 47

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917......................................
Number o f accounts opened or reopened du rin g the y e a r .........
Number o f accounts closed during the y e a r ......................................
A m ount deposited during the year, n ot including dividends
credited fo r th at p e r io d .......................................................................
Am ount withdrawn during the y e a r ...................................................
Am ount o f dividends credited and paid for the year, viz.:
July 1, 1916..............................................................................
January 1, 1917........................................................................
Credited at other periods....................................................

$886,629 78
890,468 30

$59,823 01
60,267 29
649 51

Average am ount o f each account January 1, 1917....................
R ate per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
R a te per cent, o f dividends to depositors during the six m onths
ending December 31, 1916................................................... ............ ..
T ota l earnings o f the bank fo r the year 1916, after allow in g
fo r am ortization o f premiums and discou n ts...........................
T otal expenses o f the hank fo r the year 1916...............................
D ividends paid to depositors for the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors................................................................................




10,072
1,426
1,068

120.739 81
364 25
3%
3%
$174,037 98
2 2 ,76 5 86
120.739 81
30,532 31

236

R eport on S avin g s B a n k s
93. TH E SA V IN G S B A N K OF U T IC A , U TIC A

___
[233 Genesee stre e t; Incorporated 1839]
CH ARLES A. M ILLE R , President.
RUFUS P . B IR D SE YE , Treas. and Yiee-Pres.
H A R R Y A. H ILSIN G E R , Secretary.

TR U STE E S
RUFUS P. BIRDSEYE,
THOM AS R. PROCTOR.
C H A R LE S A . M ILL E R ,
C H A R L E S S. SYMONDS,

J. D® P E Y S T E R LYNCH,
CHARLES B. ROGERS.
W AR N IC K J. KERNAN,
OTTO A. M EYER,

FR A N K E. W H E E LE R ,
N. E. DEVEREUX.
GEORGE L. CURRAN,
GEO. L. BRADFORD.

F IN A N C IA L
RESOURCES

Bonds and. m ortga ges................................................................................ $ 8 ,1 6 2 ,6 8 2 94
Stock and bond investm ents, v iz .:
S to c k s and bonds

State o f New Y ork ...............
C ities in other States............
Cities in this State.................

Counties in this State........

Par
v aloe
$250,000 00
1,719,600 00
2,312,944 25

2®,(W 0
0 0

Tow ns in this State...............
118,500 00
V illages in this S tate............
417,135 20
School districts in this State
111,100 00
R ailroad m ortgage bon ds—
2,881,362 72
Bonds o f Land Bank o f the
State o f New Y ork ..............
50,000 00
$8,145,642 17

Estimated
Original
cost
m arket value
$250,912 00
$282,500 00
1,793,416 67
1,767,689 00
2,382,777 80
2,447,850 48
•290,293 51
294,400 00
122,811 49
119,995 00
428,297 St
424,970 96
117,004 40
115,890 00
3,071,385 93
2,907,498 21
50,350 31

50,343 00

$8,572,322 53

$8,316,054 97

8 ,3 1 6 ,0 5 4 97
Banking house and lo t, book value, $93,000; cost, $249,203.30;
actual cash v a lu e ..................................................................................
Other real estate, book value, $90,971.72; cost, $109,076.95;
aetual cash v a lu e .....................................................................................
Cash on deposit in banks or tru st com panies..................................
Cash on h a n d .........................................................................
T ota l o f collectible in terest.............................................
A m oun t o f all other assets, v iz .:

9 3 ,00 0 00
90,971
1 ,2 8 0 ,7 2 9
100,042
208,03ft

72
1®
26
88

H»5 09
503 26

M ortgagors’ tax and insurance accou n t.........................
Suspense .................................................................................

798 35
$ 1 8 ,2 5 2 ,3 1 9 23

L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal ..................................................................................$16,029,015 93
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916.........................
267,110 62

------------------ $ 1 6 ,2 9 6 ,1 2 6 55
Other liabilities, v iz .:
Dividends accrued on deposits to January 1, 1917—
Expenses incurred, but unpaid :
Taxes ..........................
Attorney’ s retainer ...................
Sundry ...............................................................................

$3,204 14
5,039 21
1,250 00
461 87

---------------------Surplus on m arket v a lu e.......................................................................

9,955' 22
1 ,9 4 6 ,2 3 7 46
$ 1 8 ,2 5 2 ,3 1 9 23

Surplus on par value, $1,775,824.66.
CASH T R A N SA C TIO N S D U R IN G T H E Y E A R 1916.
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................. $ 2 ,0 2 7 ,3 8 3 28
F rom depositors, n ot including dividends cred ited ......................... 4 ,0 2 6 ,2 0 9 64
F rom interest on loans, deposits and investm ents......................
794,933 01
F rom rents from other real esta te.....................................................
1 ,7 2 5 06
F rom m ortgages.........................................................................................
754,6 4 9 98
F rom redemption o f stocks and b o n d s ............................................
4 4 4 ,6 8 0 83
F rom stocks and bonds sold ( tota l par value, $ 7 5 3 ,1 2 5 ).........
7 3 7 ,4 6 0 4 0
F rom real estate s o ld ................................................................................
4 5 ,20 0 0O
From a ll other sources, v iz .:
Mortgagors.’ tax and insurance accou n t........................
Suspense ...................................................................... ...........




$2,281 78
528 02

237

O n e id a C o u n ty
Profit and lo ss........................................................................
Interest sundries .................................................................
A ppraisal account ................................................................
R ecording tax ........................................................................
Rebate on insurance..............................................................
Redemption o f judgm ent against State o f New York.

10,204 91
15 47
204 67
6 25

m 95

45,265 12

-------------

PAYMENTS

•

$58,791 17
$ 8 ,8 9 1 ,0 4 2 42

;

T o depositors, including dividends paid to th em ........................... $ 3 ,7 1 3 ,6 6 0
F o r loans on bonds and m ortga ges.....................................................
679,300F o r stocks and bonds purchased, including premiums, com ­
m issions, etc. i tota l par value, $2,907,074.14)......................... 3 ,0 0 6 ,4 2 2
F o r in terest ( other than dividend paym ents to d e p o s ito r s ). . .
25 ,53 7
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s : Banking house, $7,548.57; surplus, $16,132.24; on mortgages, $1,755.75.......................................
F or expenses, except taxes, o f banking h o u se :
Repairs ...............................................................................
Insurance .........................................................................
O t h e r . . . . ...........................................................................
F or expenses o f other real estate, v i z .:
Repairs .............................................................................
Insurance .........................................................................
Taxes ........
Other ................................................................................
F or other expenses, n o t including expenses o f other
real estate nor other expenses o f banking house—

60
00
82
45

$30,272 39
25,436 56
1,489 39
1,293 14
2,047 40
15 90
527 11
1,240 44
1,508 70
14,211 67

78,042 70
O ther paym ents, viz.:
M ortgagors’ tax and insurance accou n t......................
Suspense account .................................................................
Profit and loss............... , ......................................................
Interest sundries ...................................................................
Real estate .............................................................................

$5,808
567
153
166
611

55
35
42
93
21

7 ,3 0 7 46
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f th e d a y ..............................................

STATISTICAL INFORMATION

1 ,3 8 0 ,7 7 1 30
$ 8 ,8 0 1 ,0 4 2 &

Number o f open accounts January 1, 1917......................................
35,761
Number o f accounts opened or reopened durin g the y e a r .........
7 ,7 0 3
Num ber o f accounts closed during the y e a r .................................
5 ,5 5 5
A m ount deposited durin g the year, n ot including dividends
credited fo r th at p erio d ..................................................................... $ 4 ,0 2 6 ,2 0 9 61
3 ,7 1 3 ,6 8 6 50
A m ount w ithdraw n during the y e a r .................................................
A m ount o f dividends credited and paid for the year, viz. :
July 1, 1916..............................................................................
January 1, 1917......................................................................
Credited to other periods....................................................

$261,389 02
267,110 62
8,767 42

Average am ount of each account Janu ary 1, 1917......................
Number o f accounts w hich exceeded $3,000, exclusive o f
dividends credited, a t the last tria l balance o f depositors’
ledgers, except deposits arisin g from society accounts, or
ju d icia l sales, or tru st funds, o r b y order o f a cou rt o f
record o r o f a su rroga te.....................................................................
T ota l am ount o f such a ccou n ts............................................................
R ate per cent o f dividends to depositors during the six m onuth
ending June 30, 1916................................................... ......... ..............
S a te per cent o f dividends to depositors during the six months
ending December 31, 1916............................................................
T ota l earnings o f the bank fo r the year 1916, after allow in g
fo r am ortization o f prem ium s and discou n ts.............................
T ota l expenses o f the bank fo r the year 1916...............................
D ividends paid t o depositors fo r the yea r 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




537,267 06
455 70

7
$22,069 54
3%
m
$758,758 97
8 2,693 78
528,499 64
147,565 55

ONO N D AG A CO U N TY
90. ONONDAGA COUNTY SAVINGS BANK, SYRACUSE
[101 South Salina stre e t; Incorporated 1855]
H EN RY M. ROW LING, President.
DOUGLAS 1 . P E T IT , Treasurer.
WM. D. DUNNING, Vice-President.
C H A R LE S A. HUDSON, Secretary.
ANSON N. PALM ER, Vice-President.

TRUSTEES
CHAS. E . C H A PPELL,
W. D. DUNNING,
C H ARLES A . HUDSON,
SALEM HYDE,
A. E. M CCH ISN EY,
T. WM. MEACHEM,

A. E. NETTLETON.
ANSON N. PALM ER,
H IRAM W. PLUMB,
JOHN R. CLANCY,
HENRY M. ROW LING,

A DOLPH H. SCHW ARZ,
C H A R L E S W. SNOW,
CH ARLES L. STONE,
ED W AR D A . POW ELL,
DOUGLAS B. P E T T IT ,
GEORGE TIM M INS.

F IN A N C IA L
RESOURCES

$1 7 ,1 4 2 ,4 5 2 65

Bonds and m ortgages........................
Stock and bond investm ents, viz.:
S to c k s and b onds

Cities in other States............
Cities in this State.................
Counties in this State............
Tow ns in this S tate...............
V illages in this S tate............
R ailroad mortgage b o n d s ....

value
$850,000 00
2,772,600 00
43,000 00
21,600 00
25,000 00
5,705,968 00
$9,418,068 00

Original
Estimated
market value
cost
$914,800 00
$881,675 05
2,951,729 m
2,785,950 00
43,043 00
40,870 00
23,490 71
21,600 00
28,000 00
25,100 00
5,982,376 05
5,533,609 28
$9,910,213 08

$9,322,329 28

9 ,3 2 2 ,3 2 9 28
Banking bouse and lot, book value, $760,000; cost, $860,445,0 8 ; actual casb v a lu e.........................................................................
Other real estate, book value, $20,151.07; cost, $29,151.07;
actual cash v a lu e ..................................................................................
Cash on deposit in banks or trust com panies...............................
Cash on h an d ................................................................................................
T ota l o f collectible in terest...................................................................
Am ount o f a ll other assets, v iz .:
Land contracts .....................................................................
Insurance and taxes advanced on m ortgaged premises
Insurance and taxes advanced on land con tra cts.......
R ent accrued ..........................................................................

$61,099
2,947
4,348
3,814

7 6 0 ,0 0 0 00

27,500 00
1 ,4 6 2 ,0 6 0 88
173,717 22
493,407 50

58
79
27
33

72,209 97
$ 2 9 ,4 5 3 ,6 7 7 50
L IA B IL IT IE S

z
' ,z===zzzz==z=s^=

Am ount due depositors, v iz .:
P rincipal ..................................................................................$26,357,753 41
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1916......................
501.247 56

------------------ $ 2 6 ,8 5 9 ,0 0 0 97
Other liabilities, v iz .: T reasurer’s checks ou tsta n din g...........
4 6 ,04 4 58
Surplus on market v a lu e ......................................................................... 2 ,5 4 8 ,6 3 1 95
$ 2 9 ,4 5 3 ,6 7 7 50
Surplus on par value, $2,644,370.67.
.—.= ;
CASH TR A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................... $ 1 ,2 7 3 ,4 9 4 38
From depositors, n ot in cluding dividends cred ited ....................
7 ,3 0 9 ,9 0 4 92
From interest on loans, deposits and investm ents......................... 1 ,2 2 7 ,0 9 8 76
F rom rents from banking h ou se.........................................................
52,251 72
From m ortgages...........................................................................................
1 ,0 6 9 ,4 3 9 54
From redemption o f stocks and b on d s..............................................
2 5 ,2 0 0 00
F rom stocks and bonds sold ( tota l par value, $ 5 0 0 ,0 0 0 )...........
4 7 0 ,0 0 0 00
F rom real estate s o ld ..............................................................................
12,614 96




1238]

239

O nondaga C o u n ty
From all other sources, viz,:
Treasurer’s cheeks outstanding.......................................
Payments on land con tra cts...............................................
Taxes and insurance advanced on m ortgaged prem­
ises ........................................................................................
Taxes on land con tra cts......................................................
Land sold ................................................................................
Deficiency judgm ent ............................................................

$95,057 58
12,410 00
14,159
107
20
1,146

15
98
00
91

$122,901 62
$ 1 1 ,5 6 2 ,9 0 5 90
PAYM EN TS

.................- ........-....

T o depositors, in cluding dividends paid to th em ......................... $ 5 ,9 7 0 ,7 4 9
1 ,6 8 1 ,5 0 4
F o r loans on bonds and m ortga ges...................................................
F or stocks and ‘b onds purchased, including premiums, com ­
m issions, etc. (to ta l par value, $ 1 ,93 5 ,8 6 8 )...............................
1 ,9 93 ,9 4 8
13,698
F or interest (oth er than dividend paym ents t o d ep ositors)'. . ,
F or current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s: Banking house, f 19,221.18: surplus, $21,137.49; o n mortgages, 147.80.............................................
F or expenses, except taxes, o f banking h o u se :
R epairs ...............................................................................
Insurance .........................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
F o r other expenses, n ot including expenses o f other
real estate nor other expenses o f banking h ou se....

75
09
50
06

$42,667 01
40,406 17
3,002 26
2,035 08
33,607 60
297 95
49 88
116 08
15,148 76

137,329 79
F or real estate acquired by foreclosure, or in settlement o f
debts due the b a n k ................................................................................
Other paym ents, v iz .:
Treasurer’s checks outstanding........................................
Taxes and insurance advanced on m ortgaged premTaxes and insurance advanced on land co n tra cts—
Teller’s cash sh ort...............................................................
Disbursements in suit against bank..............................
Paid on forged d ra ft............................................................
Commission sale o f real estate........................................

41,757 01

$74,648 35
10,461 29
2,067 97
135 23
73 82
543 94

210 00
8 8 ,1 4 0 60

Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ...............................................

1 ,6 3 5 ,7 7 8 10

$ 1 1 ,5 6 2 ,9 0 5 90
S T A T IS T IC A L IN FO RM ATIO N
= = = = = =
Number o f open accounts January 1, 1917......................................
54,472
Number o f accounts opened or reopened during the y e a r .........
9,767
Number o f accounts closed during the y e a r .................................
8 ,5 92
Am ount deposited du rin g the year, n ot ineluding dividends
credited fo r th a t p e riod ..................................................................... $ 7 ,3 0 9 ,9 0 4 92
5 ,9 5 9 ,2 9 2 55
Am ount w ithdraw n during the y e a r ...............................................
Am ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917......................................................................
Paid but not credited........................................... ..............

$479,898 91
501,247 56
11,457 20

992.603
493
Average amount o f each account January 1, 1 9 1 7 ........................
Bate per cent, of dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
Rate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916.................... ..............................................
T otal earnings o f the bank fo r the year 1916, after allow in g
for am ortization o f premiums and d iscou n ts........................... $ 1 ,2 9 0 ,5 4 9
138,292
T otal expenses o f the bank fo r the year 1916.................................
992.603
D ividends paid to depositors fo r the year 1 9 1 6 ............................
N et earnings for th e year 1916 over expenses and dividends
159,653
paid t o d ep ositors..................................................................................




67
07
4
4
46
78
67
01

R eport on S avin g s B a n k s

240

97.

SKANEATELES SAVINGS BANK, SKANEATELES

[Genesee stre e t; incorporated 1866]
J.
H ORATIO EARLL, President.
EM ERSON H. ADAM S, Treasurer.
J. C. STEPHENSON, Vice-President.
H. W IN SLOW THURLOW . Secretary.
W . F. CUDDEBACK, Vice-President.

TRUSTEES
J. H O R A 330 E A R LL ,
JO ftN € . STEPHENSON,
W . F . CUDDEBACK,
EMERSON ML ADAM S,

D A V ID COLTON,
W IL L IA M T. THORNE,
CHARLES W. HUNT,
GEORGE SM ITH.
F O R E ST G. W EEKS,

F, EUGENE STONE,
W IL L IA M LOCKWOOD,
CORNELIUS M IT C H E L L
T . S. SH O TW ELL,

F IN A N C IA L
RESOURCES

Bonds and m ortgages.................... ..........................
Stock and bond investm ents, v iz .:
<MetoaJ
Stocks ana lands
SSe
cost

State o f New Y ork...............
Cities to this S ta te...........
Villages in tU s S ta te ...........
School districts to tilts State
R ailroad m ortgage b o n d s .,..

$30,000 00
146.500 00
63,600 00
55,900 00
110,000 00

ffiBS
64,160 00

1395,900 00

$806,445 74
Estimated
BMtrfeet value

$389,386 98

65,900 00
101,687 M
L

&SS00
63,931

55,96000
86,45000

$377,086 00

377,086 0 0 '
Banking bouse and lot, book value, $9,500; cost, $13,591.31;
actu al cash valu e..................................................................................
Cash on deposit in banka or tru st com panies.................... ..........

9 ,5 0 0
194,686
19,483
2 1 ,21 8
81

Cash o n Ira n d .....................................................................................................
T o ta l o f collectible in terest...................................................................
A m oun t o f a ll other assets, v iz .: Rents accru ed......................

00
22
13
06
50

$ 1 ,4 2 8 ,5 0 # 65
L IA B IL IT IE S

A m ount due depositors, v iz .:
principal ............................................................................$1,291,994 71
Dividends credited o r to be credited fo r the six
m onths ending w ith December 8i, 1916......................

13,81$ 44

------------------ $ 1 ,3 1 5 ,8 6 8 15
Surplus on market v a lu e.........................................................................
112,632 50
$ 1 ,4 2 8 ,5 0 0 65
Sprplus on par value, $131,446.50.
CASH TR A N SA C TIO N S L U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on band and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................
F rom depositors, n ot including dividends cred ited .................... ..
F rom interest on loans, deposits and investm ents........................
F rom rents from banking h ou se..........................................................
F rom m ortga ges...........................................................................................
F rom redemption o f stocks and b on d s...............................................

$152,114
7 19,826
59,821
326
5 0 ,0 3 9
3 7 ,15 0

78
11
07
00
00
00

$ 1 ,0 1 9 ,2 7 6 96
PAYM EN TS

T o depositors, including dividends paid t o t h e m .......................
F or loans on bonds and m ortga ges.....................................................
F o r stocks and bonds purchased, including premiums, com ­
m issions, etc. (to ta l par value, $ 8 5 ,0 0 0 )....................................




$626,072 17
104,7 0 0 00
65 ,39 1 86

O nondaga C o u n ty

241

F o r interest (oth er than dividend paym ents to d e p o s ito r s ). .
F o r current expenses o f the bank, v iz .:
F or salaries ............... ............ ..............................................
F or t a x e s : R anking house, $198.44; surplus, $1,014.43.
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se..

$177 77

$6,600 00
1,212 87
116 60
1,777 34

--------------- _
Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f th e d a y ...............................................

8 ,7 65 81
2114,169 35
$ 1 ,0 1 9 ,2 7 6 96

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts Janu ary 1, 1917......................................
Num ber o f accounts opened or reopened during the y e a r .........
Num ber o f accounts closed during the y e a r ......................................
A m oun t deposited1 du rin g the year, n ot in cluding dividends
credited fo r th a t p e rio d ......... ...........................................................
A m oun t withdraws, du rin g th e y e a r ..............................................
A m oun t o f dividends credited and p a id fo r th e year, v iz .:
July 1, 1916.......... ......................... ........................................
January 1, 1917................................ .................... ........
Credited a t other p eriod s....................................................

719,826 11
6 2 6 ,0 7 2 17

$22,549 49
23,726 18
897 06

A verage am ount o f each account Janu ary 1, 1917......... .............
R a te per cent, o f dividends t o depositors d u rin g the s ix months
en din g June 30, 1916..............................................................................
R ate per emit, o f dividends to depositors d u rin g tire s ix m onths
ending December 31, 1916...................................................................
T o ta l earnings o f th e hank fo r th e year 1916, a fter allow in g
fo r am ortization o f prem ium s and discou n ts.............................
T o ta l expenses o f the bank for the year 1916...............................
D ividends paM to depositors fo r the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors................................................................................




3 ,858
414
278

4 6 .67 2 73
341 07
4
4
$63,028 93
8 ,7 6 5 81
4 6 .67 2 73
7 ,5 9 0 39

242

R eport on S avin gs B a n k s
98.

SYRACUSE SAYINGS BANK, SYRACUSE

£102 N orth Salina stre e t; incorporated 1849]
GEORGE DOHENY, P residen t
ED W AR D JOY. Vice-President.
NICHOLAS P IT E R S , Vice-President.
W IL L IA M J. R E ID E L, Treasurer.

TRUSTIES
JACOB AMOS,
A L A N C. POBES,
F R BD ’ K W. B A R K E R ,
W A L T E R E. GARDNER,
A L E X A N D E R H. COW IB, E D W ARD JOY,
JOSEPH W. DAWSON,
W IL L IA M MUBNCH,
J. P R A N K DURSTON,
DENNIS MCCARTHY,
A. JUDD N ORTHRUP,
GEORGE DOHENY,

NICHOLAS P E TE R S,
W. J. R ID D E L L,
W ING R. SM ITH ,
DE FO R E ST SETTLE,
LERO Y B. W IL L IA M S ,
A R TH U R W . LOASBEY.

FINANCIAL
RESOURCES

Bonds and m ortgages................................................................................ $ 9 ,7 2 8 ,1 8 5 09
Stock and bond investm ents, viz.:
S to c k s and b on d s

State o f M ississippi...............
Cities in other States............
Cities in this S tate.................
Counties in this S tate............
Tow ns in this S ta te..........
R ailroad m ortgage bonds—

P ar
value
$100,000
650,000
1,216,500
162,000
59,000
3,568,000

00
00
00
00
00
00

$5,745,500 00

Original
E stim ated
m arket value
cost
$95,000 00
$100,12500
643,470 00
678,42573
1,2*7,810 00
1,324,81532
148,120 00
150,96976
56,950 Q
O
59,805 94
3,219,390 00
3,693,267 13
$5,907,408 88

$5,390,740 00

5 ,3 9 0 ,7 4 0 00
Banking house and lot, book value, $264,358; eost, $423,569.97;
actual cash v a lu e ..................................................................................
Cash on deposit in banks o r tru st com panies..................................
Cash on h a n d ...............................................................................................
T ota l o f collectible in terest...................................................................

264,358
870,2 1 5
6 7 ,41 4
88,997

00
16
47
04

$ 1 6 ,4 0 9 ,8 7 9 67
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rin cipal ..................................................................................$14,061,064 40
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916......................
270,207 46

------------------ $ 1 4,331,271 86
Other liabilities, viz.:
Deposits fo r application fees and searches...................
Teller’ s and treasurer’ s checks outstanding.................
Proceeds fire Insurance losses..........................................

$1,006 00
10,237 58
2, 251 90

-------------------------------------- 13,495 48
Surplus on m arket v a lu e................ , ........................................................ 2 ,0 6 5 ,1 1 2 33
$ 1 6 ,4 0 9 ,8 7 9 67
Surplus on par value, $2,419,872.33.
CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies Janu ary 1,
1916, before transactions o f the d a y ...............................................
From depositors, n ot in cluding dividends cred ited ....................
F rom interest on loans, deposits and investm ents......................
F rom rents from banking h ou se..........................................................
From m ortgages...........................................................................................
From redemption o f stocks and b on d s.............................................




$587,260
4 ,0 2 9 ,1 1 9
708,513
21,257
5 26,560
3 8 ,00 0

83
01

47
49
00
00

O

nondaga

243

C ounty

F rom a ll other sources, v iz .:
Treasurer’s and teller’s checks Issued............................. $1,850,543 06
7,211 00
Deposits fo r application fees and searches...............
F ire insurance losses pending............................................
2,261 90

------------------ $ 1 ,8 6 0 ,0 0 5 96
$ 7 ,7 7 0 ,7 1 6 76
PAYM EN TS

T o depositors, including dividends paid to th em ...................... $ 3 ,4 4 6 ,1 0 6 86
912,000 00
F or loans on bonds and m ortga ges...................................................
F or stocks and bonds purchased, in cluding premiums, com ­
m issions, etc. (to ta l par value, $ 4 4 0 ,0 0 0 ).................................
5 2 9 ,9 6 9 .7 8
F or interest (other than dividend paym ents to d e p o s ito r s ). . .
5 ,6 03 97
F rom all other sources, v iz .:
F or salaries ...........................................................................
F or ta x e s:
Banking house, $5,529.63; surplus,
$18,233.96 ............................................... .......................
F or expenses, except taxes, o f banking h ou se:
Repairs ..............................................................................
Insurance ..........................................................................
Other ..................................................................................
F or rent o f banking room s.................................................
F or other expenses, n ot including expenses o f other
real estate nor other expenses o f banking house___

$29,191 66
23,7® 59
4,622
1,362
5,0®
6,500

65
74
50
00

7,902 63

78,346 77
Other paym ents, v iz .:
Treasurer’ s and teller’s checks p aid ................................$1,854,405 75
A pplication fees and searches refunded.........................
6,654 00

1 ,8 6 1 ,0 5 9 75
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f th e d a y ................................. ...............

937,629 63
$ 7 ,7 7 0 ,7 1 6 76

S T A T IS T IC A L IN FO R M A TIO N .
Number o f open accounts January 1, 1917......................................

Number of accounts opened or reopened during the year........

2 7,131
3 ,8 20
2 ,7 0 4

Number o f accounts closed during the y e a r .................................
Am ount deposited durin g the year, n ot including dividends
credited fo r th a t p e rio d ..................................................................... $ 4 ,0 2 9 ,1 1 9 01
Am ount w ithdraw n during the y e a r ...................................................
3 ,4 4 6 ,1 0 6 86
A m ount o f dividends credited and paid for the year, viz. :
July 1,1916................................................................................
January 1, 1917........................................................................
Credited a t other periods....................................................

$260,162 23
270,207 46
2,072 18

Average am ount o f each account January 1, 1917......................
R ate per cent, o f dividends to depositors durin g the six m onths
ending June 30, 1916...........................................................................
Rate per cent, o f dividends to depositors during the six m onths
eliding December 31, 1916..................................................................
T ota l earnings o f the bank fo r th e year 1916, after allow in g
for am ortization o f premiums and discou n ts.............................
T ota l expenses o f the bank fo r the yea r 1916.................................
D ividends paid to depositors fo r the year 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
paid to d ep ositors..................................................................................




532.441 87
528 22
4
4
$727,544 28
7 8,346 77
532.441 87
116,755 64

ONTARIO COUNTY
99.

GENEVA SAVINGS BANK, GENEVA

[31 Seneca stre e t; incorporated 191®]
IA M B S B. BROWN, President
H . A . W H E A T, Vice-President.
A. P. ROSE, Vice-President.
GEORGE D. W HEDON, Treasurer.

TR U STE E S
A L E X A N D E R D. ALLEN,
JAM ES E. BROWN,
W IL L IA M G. DOVE,
F R E D E R IC K M. F A ST,
JOHN C. F IT Z W A T E R ,
LANSING G. HOSKINS,
W H ITM A N H. JORDAN,

A L FR E D G. LE W IS,
TH EODORE J. SM ITH,
GEORGE F. LIGHT,
E D W IN S. THORNE,
P A T R IC K O 'M A LLE Y,
D. J. V A N AUKEN,
CH A R LE S S. B U R R ALL, H EN RY A. W H E A T,
A R TH U R P. ROSE,
GEORGE D. W HEDON,
H. H. SC H IE FFE LIN ,
THOM AS B. W ILSON,
F R E D E R IC K D . W H IT W E L L ,

F IN A N C IA L
RESOURCES

Bonds and m ortgages.........................
Stock and bond investm ents, v iz .:
S to c k s an d b en d s

Cities in other States..........
Cities in this State.................
Villages in this State............
School districts in this State
R ailroad m ortgage bonds—

$637,724 00

value
$35,900 00
72,000 00
43,000 00
84,400 00
161,000 00
$885,400 00

Cash on
Cash on
T ota l o f
A m ount

Original
Estimated
cost
m arket value
$86,967 00
$37,150 60
72,679 08
76,455 00
43,616.65
44, IK 00
35,866 91
36,403 50
144,266 26
142,180 00
$331,815 m

$335,833 50

335,333
117,804
8 ,3 5 7
10,517
749

deposit in banks or trust com panies...............................
h a n d ....................................................................... ........................
collectible in terest.....................................................................
o f all other assets, v iz .: Banking house fu r n itu r e ..

50
m
15
51
37

$ 1 ,1 1 0 ,4 8 6 16
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal .................................................................................. $1,064,479 49
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916........................
18,656 69

------------------ $ 1 ,0 8 3 ,1 3 6 18
Surplus on market v a lu e..........................................................................
27 ,34 9 98
$ 1 ,1 1 0 ,4 8 6 16
=:,::r:= ^

Surplus on par value, $27,416.48.

CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Cash on hand and in banks o r tru st com panies January 1,
1916, before transactions o f the d a y . ....... ..................................
F rom depositors, n ot in cluding dividends c r e d ite d ............ ..
F rom interest on loans, deposits and investm ents......................
F rom m ortgages.................................................................................... ..
F rom redemption o f stocks and b on d s............................................
F rom a ll oth er sources, v iz .:
Cash differences.................................................................
fM 78
State warrants ......................................................................

4,692 96

$114,783,92
596,208 03
4 6 ,7 4 0 27
33 ,98 5 00
12 ,25 0 00

4 ,7 07 72
$808,674 94

PAYM EN TS

T o depositors, including dividends paid to th em ...........................
F o r loans on bonds and m ortga ges.....................................................
F o r stocks and bonds purchased, including premiums, com ­
m issions, etc. ( to ta l par value, $ 6 8 ,5 0 0 ).................. , •.............
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .




[244]

$467,705 87
142,639 00
64,728 15
1 ,1 23 43

O n tar io C o u n ty

245

F or current expenses o f the bank, viz.:
F or salaries ...........................................................................
F o r ta x e s : Surplus, $201.75; on mortgages, $60..........
F or expenses, except taxes, o f banking h o u se : Insur­
ance ............................................. ......................................
F or rent fo r banking room s...............................................
F o r other expenses, n ot including expenses o f other
real estate n or other expenses o f banking house___

$4,380 00
i l l 75
6 55
500 00
1,168 44

6 ,3 06 74
Other paym ents, v iz .:
Cash differences .....................................................................
Banking house fu rn itu re................................ ...................

$1 47
8 50

9 97
Cash on hand and in banks or trust com panies December 31,
1916, a fter transactions o f the d a y ...............................................

126,161 78
$808,674 94

S T A T IS T IC A L IN F O R M A T IO N
N u m b er o f open accounts January 1, 1917....................................

Number o f accounts opened or reopened durin g the y e a r .........
N u m b er o f accounts closed during the y e a r ....................................
Am ount deposited during the year, n ot including dividends
credited fo r th a t p e r i o d . . . . ............................................................
A m oun t w ithdraw n during the y e a r ...................................................
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917........................................................................

$596,208 03
467,705 m

$16,789 87
18,656 69

A verage amount o f each account January 1, 1917....................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916...................................................................
Total earnings o f the bank fo r the year 1916, a fter allow ing
fo r am ortization o f premiums and d iscou n ts.............................
T otal expenses o f the bank for the year 1916...............................
D ividends paid to depositors for the year 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
paid to d ep ositors..................................................................................




5 ,1 79
1 ,556
1,241

36 .44 6 56
209 14
4

4
$47,408 U
6 ,4 1 9 87
3 5.446 56
5 ,541 78

ORANGE COUNTY
100.

THE CORNWALL SAVINGS BANK, CORNWALL-ON-THE-HUDSON

[In corporated 1871]
TOW NSEND D. WOOD. President.
H EN RY N. CLAR K , Vice-President.
P A T R IC K BEVANS, Vice-President.
G IL B E R T T . COCKS, Treasurer.

TRUSTIES
P A T R IC K BEVANS,
H EN RY N. CLARK.
CHARLES C. COCKS,
G IL B E R T T . COCKS.

H A R V E Y A. CALL,
L. GRAN T GOODNOUGH,
E D W AR D L. SYLCOX,
FR A N K E. VIC K E R E,

TOW NSEND D. WOOD,
STEPHEN B. YOUNG,
GEORGE B. M A ILL E R ,
FLO YD W . M A ILL E R ,

FINANCIAL
RESOURCES

Bonds and m ortgages......................
Stock and bond investm ents, v iz .:

$281,952 00

■rar

S to c k s an d bonds
value
State o f C olorado...................
$12,400 00
State o f V irgin ia....................
5,000 00
Cities in this State.....................
36,00000
Tow ns in this State...............
7,000 00
V illages in this State............
12,800 00
F ire districts in this State.
4,200 00
R ailroad mortgage b o n d s ....
89,000 00

$116,400 00

Original
Estimated
cost
market value
$12,400 00
$11,28400
4,516 60
4,36000
36,974 74
37,69000
7,000 00
7,14000
12,968 99
12,94000
4,200 00
4,29800
39,790 29
31,76000
$117,850 52

$109,362 00

109,362 00
B anking house and lot, book value, $5,700; cost, $5,728.13;
actual cash v a lu e ..................................................................................

Other real estate, book value, $250 j cost, $250; actual casb
value ..........................................................................................................
Cash on deposit in banks or trust com panies.............................
Cash on h a n d ...............................................................................................
T ota l o f collectible in terest.....................................................................
A m ount o f a ll other assets, v iz .: Safe, furn itu re and fixtures,

5 ,7 0 0 00
250
38,477
2 ,8 8 4
7,0 37
950

00
75
61
12
00

$446,413 48
L IA B IL IT IE S

A m ount due depositors, viz.:
P rincipal ..................................................................................
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916......................

$416,548 65
7,878 22

------------- .
—
Surplus on m arket v a lu e.......................................................................

4 23,426 87
22 ,98 6 61
$446,413 48

Surplus on par value, $30,024.61.
CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y ............................................
F rom depositors, n ot in cluding dividends cred ited ......................
F rom interest on loans, deposits and investm ents........................
F rom rents from banking h ou se............................................................
F rom m ortga ges.........................................................................................
F rom redemption o f stocks and bon d s...............................................




$24,635
86,061
19,313
240
12,635
10,050

69
56
75
00
00
00

$152,936 00

[246]

O ban g e

C o u n ty

247

PAYM EN TS

T o depositors, in cluding dividends paid to th em ........................
F o r loans on bonds and m ortga ges.....................................................
F o r stocks and bonds purchased, including premiums, com ­
m issions, ete. {to ta l par value, $ 0 ,7 5 0 )........................................
F o r interest (oth er than dividend paym ents to depositors) . . .
F o r currant expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s : Banking house, $58.77; surplus, $208.63___
F o r expenses, except taxes, o f banking h ou se:
B epairs ..............................................................................
Other ..................................................................................
F o r expenses o f other real estate, v i z .:
Taxes ..................................................................................
Other ..................................................................................

$78,588 18
2 4 ,4 8 4 00
0 ,7 5 0 00
113 34

$1,12000
267 40
6 60
118 02
4 37
321 73

-----------------Cash on hand and in banks or tru st com panies December 31,
1910, a fter transactions of the d a y ...............................................

1,838 12
41,162 36
$152,936 00

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917......................................
Number o f accounts opened or reopened during the y e a r .........
Number o f accounts closed during the y e a r ..................................
A m o unt, deposited during the year, n ot including dividends
credited fo r th a t p e rio d .......................................... ..........................
A m ount withdraw n durin g the y e a r .................................................
A m oun t o f dividends credited and pa id fo r the year, v iz .:
Ju ly 1, 1916...............................................................................
January 1, 1917........................................................................

$80,061 56
78 ,58 8 18

$7,673 40
7,878 22

A verage am ount of each account Janu ary 1, 1917........................
R a te per cent, o f dividends to depositors during the six months
ending June 30, 1916............................................................................
R a to per cent, o f dividends to depositors during the six m onths
ending December 31, 1916................................................................
T ota l earnings o f the bank for the year 1916, after allow ing
fo r am ortization o f premiums and discou n ts.............................
T o ta l expenses o f th e bank fo r the year 1916...............................
D ividends paid to depositors fo r the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to d ep ositors..................................................................................




1,353
134
140

15.551 62
312 95
4
4
$ 19,919 09
1,838 12
15.551 02
2 ,5 2 9 35

248

R eport on S avin g s B a n k s
101.

GOSHEN SAVINGS BANK, GOSHEN

[11 W est Main s tr e e t; incorporated 1W1]
W. D. VAN V L IE T , President.
A A RON V . ©. W A LLA C E, Vice-PTesldtaft
W IL L IA M K N IFFIN , Vice-President.
HENRY B . K N IG H T , Treasurer.

TRUSTEES
PR AN K DRAKE,
SENECA JESSUP,
W IL L IA M KN IPFIN ,
HEN RY R, KNIGH T,

R A LP H L. M eGEOCB,
THOM AS MOULD,
ED W IN L. ROYS,
WM. D. V A N V L IE T ,
AARON V . D. W ALLA C E.

FIN A N C IA L
RESOURCES

Bonds and m ortgages......................
Stock and bond investments, viz.:

$ 1 ,0 5 8 ,1 3 5 00

Par
value
$85,000 00
37.000 00
116,000 00
48.000 00
231,500 00

S to c k s and bonds

C ities in this State.................
Tow ns In this State..............:
Villages in this S tate............
School districts in this State
R ailroad m ortgage bonds—

$117,500 00

Estimated
Original
cost
market value
$87,324 74
$85,498 00
39,181 65
40,360 00
118,164 67
122,925 00
48, m 40
49,500 00
212,845 00
235,158 75
$528,813 21

$611,128 00

511,1 2 8 00
7 7 ,1 2 4 iS

Cash on deposit in. banks or tru st com panies
Cash on h an d............................................................
T ota l o f collectible in terest.................................

12,8<8l 20
22 ,48 8 27

$1,681,712 13
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal ..................................................................................$1,566,261 17
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916......................
29,818 46

------------------ $1,596,07*9 m
Surplus on market v a lu e .........................................................................
8 5 ,0 8 2 50
$ 1 ,0 » 1 ,7 W 13
Surplus on par value, $92,011.50.
CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1010
R E C E IPTS

Cash on hand and in banks o r trust com panies January 1,
1916, before transactions o f the d a y ..........................................
F rom depositors, n ot including dividends cred ited ...................
From interest on loans, deposits and investm ents......................
From mortgages .........................................................................................
F rom redemption o f stocks and b on d s............................................
F rom stocks and bonds sold (to ta l par value, $ 5 0 ,0 0 0 )........

$39,987
384,3 5 0
7 2 ,43 4
3 4,225
2 3 ,6 0 0
36,790

79
76
90
00
00
25

$591,394 70
P AYM EN TS

T o depositors, in cluding dividends paid to th em .........................
F o r loans on bonds and m ortgages................................ ...................
F or stocks and bonds purchased, in cluding premiums, com ­
m issions, etc. (to ta l par value, $ 6 0 ,0 0 0 )...................................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .




$285,364 08
146,600 00
62 ,13 7 50
660 45

O range C ounty

249

F o r cu rrent expenses o f the bank, v iz .:
F o r salaries .............................................................................
F o r taxes : Surplus..............................................................
’F o r rent o f banking room s.................................................
F o r oth er expenses, not including expenses o f other
real estate nor other expenses o f banking house—

$4,500 00
652 57
480 00
972 64

— — -----Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y ........................................ ..

$6 ,60 5 21
89,957 86
$59.1,394 70

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917................................... ..
Num ber o f accounts opened or reopened durin g the y e a r .........
Num ber o f accounts closed durin g th e y e a r ......................................
A m ount deposited during the year, n ot in cluding dividends
credited fo r th at p e rio d .....................................................................
A m ount w ithdraw n durin g the y e a r .................................................
A m ount o f dividends credited and p a id fo r th e year, v iz .:
July 1, 1916.......... ...................................................................
January 1, 1917...,.................................................................
Credited at other periods....................................................

$ 3 8 4,3 5 0 76
2 8 5 ,3 6 4 68

$28,103 84
29,818 46
4 78

A verage am ount o f each account Janu ary 1, 1917....................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
R a te per cent, o f dividends to depositors during the six m onths
ending December 31, 1916.......................................... ............... ........
T o ta l earnings o f the bank for the year 1916, a fter allow in g
fo r am ortization o f premiums and d iscou n ts...........................
.Total expenses o f the bank for the year 1916...............................
D ividends paid to depositors fo r the year 1916...........................
N e t ^earnings fo r the year 1916 over expenses and dividends
paid to depositors ................................................................................




3 ,5 12
650
383

67 .92 7 08
464 46
4
4
$72,947 12
6 ,6 0 6 21
57.927 08
8 ,4 1 4 83

R eport on S avin gs B a n k s

250

102.

MIDDLETOWN SAVINGS BANK, MIDDLETOWN

[2 South stre e t; incorporated 1866J
GEO. A . SW AYZB, President.
H AROLD B. W OODW ARD, Treasurer.
EDMUND M ILLEN , Vice-President.
JAM ES F . DOLSON, A s s t T reat.
JAM ES A . CLARK, V ice-P resid en t
CHAS. B. BU CKLEY, A sst. Secy.
GEORGE R . W ENGENROTH, Asst. Secy.

TRUSTEES
EDMUND M ILLEN,
JOHN E. ISEMAN,
JAM ES A . CLARK,
JOHN W . SLAUSON,

C H ARLES L. M EAD.
GEORGE A . SW AYZE,
GEORGE W. BALLOU.

JA M E S E. GIBBS,
JA M B S H. SM ITH ,
H. B. WOODWARD.
D A N IE L B. SW EENEY,

F IN A N C IA L
RESOURCES

Bonds and m ortgages ......................
Stock and bond investm ents, v iz .:
P ar
S to c k s and b on d s
value
State o f M assachusetts.........
$75,000 00
Cities in other States............
145,000 00
458,000 00
Cities in this State.................
Counties in this S tate............
105,000 00
Tow ns in this State...............
43, <W 00
0
Villages in this State.........
178,000 00
School districts in this State
50,500 00
R ailroad m ortgage bonds—
1,075,598 00
$2,130,098 00

$ 3 ,2 9 3 ,1 4 6

41

Original
Estimated
cost
m arket value
$71,250 00
$82,68? 60
146,941 00
148.900 00
481,059 89
471.900 00
100,800 00
108,150 00
41,800 00
43,000 00
186,290 73
184,620 00
62,325 00
60,791 13
1,067,857 16
993,091 20
$2,166,777 41

$2,064,586 20

2 ,0 6 4 ,5 8 6 20
B anking house and lot, book value, $21,345.30; cost, $26,284.98; actual cash value ................................................................
Other real estate, book value, $150,143.21; cost, $151,481,69;
actual eash value ................................................................................
Cash on deposit in banks or trust com panies...............................
Cash on hand .............................................................................................
T ota l o f collectible in terest...................................................................
A m ount o f all other assets, v iz .: Rents accru ed.........................

2 5 ,0 0 0 00
151,000
339,4 3 6
2 9 ,4 5 0
68 ,13 8
300

00
16
77
44
00

$ 5 ,9 7 1 ,0 5 7 07
L IA B IL IT IE S

A m ount due depositors, viz.:
P rincipal .................................................................................. $5,644,768 13
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916......................
106,022 56

•

------------------ $ 5 ,6 5 0 ,7 9 0 60
Surplus on market v a lu e .........................................................................
320,267 28
$ 5 ,9 7 1 ,0 5 7 07
Surplus on par value, $385,779.08.
CASH TR A N SA C TIO N S D U R IN G T H E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y .............................................
F rom depositors, n ot in cluding dividends cre d ite d ....................
F rom interest on loans, deposits and investm ents......................
F rom rents from banking h ou se............................................................
F rom rente from other real e s t a t e .......................................................
F rom m ortgages ..................................................................
F rom redemption o f stocks and bon d s............................................
From stocks and bonds sold ( tota l par value, $ 1 4 0 ,4 5 6 )...........




$360,493
1 ,2 3 5 ,2 9 9
253,906
420
9 ,3 2 0
6 7 ,870
1 5 ,5 0 0
143,264

00
88
04
00
22
00
00

92

251

O range County
From a ll other sources, v iz .:
E xcess interest to depositors refunded...........................
Redemption o f judgm ents against State o f New York

6,409 51

$ 0,411 87
$ 2 ,0 9 2 ,2 8 6 73
PAYM EN TS

T o depositors, including dividends paid to th em ........................ $ 1 ,0 4 2 ,9 4 2
340,086
F o r loans on bonds and m ortga ges...................................................
F or stocks and bonds purchased, in cluding premiums, com ­
m issions, etc. (to ta l par value, $ 3 3 2 ,5 9 8 ).................................
310,862
F o r interest (other than dividend paym ents to d e p o s ito r s ), . .
3,1 87
F or current expenses o f the bank, v iz .:
F or salaries .................. ..........................................................
F or ta x e s ; Banking house, $402.40; surplus, $2,413.30;
on mortgages, $322.13..........................................................
F or expenses, except taxes, o f banking h ou se:
Repairs ...............................................................................
F or expenses o f other real estate, v i z .:
Insurance .............
Taxes ..................................................................................
F or other expenses, n o t including expenses o f other
real estate nor other expenses o f banking house—

67
41
10
52

$13,776 51
3,137 83
86 11
195 65
3,522 30
4,990 94

:-----------------Other paym ents, v iz .: A dd ition al interest to dep ositors...........
Cash on hand and in banks o r tru st com panies December 31,
1916, after transactions o f the d a y ...............................................

2 5 ,7 0 9 34
11 71
368,886 92
$ 2 ,0 9 2 ,2 8 6 73

S T A T IS T IC A L IN F O R M A T IO N
Number o f open accounts January 1, 1917....................................
13,300
N um ber o f accounts opened o r reopened during the y e a r .. . .
1,889
Number o f accounts closed during the y e a r .................................
1,307
Am ount deposited during the year, n ot including dividends
credited fo r that p e rio d ....................................................................... $ 1 ,2 3 5 ,2 9 9 58
A m ount w ithdraw n during the y e a r ...............................................
1 ,0 4 2 ,9 4 2 07
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................

$102,312 31
106,0® 56

Average am ount o f each account January 1, 1917....................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1910............................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1910...................................................................
T ota l earnings o f the bank fo r the year 1916, after a llow in g
fo r am ortization o f prem ium s and discou n ts...........................
Total expenses o f th e bank for the year 1916........... ...................
D ividends paid to depositors for the year 1910.........................
N et earnings fo r the year 1918 over expenses' and dividends
paid to dep ositors..................................................................................




208.334 87
424 87
4
4
$270,075 70
25 ,70 9 34
2 0 8 .3 3 4 87
36,031 49

252

R eport o f S a vin g s B a n k s
10 3 .

N EW BU RG H S A Y IN G S B A N K , N EW BU RG H

[40 Smith stre e t; incorporated 1M2J
HH OM AS E. BA LFE . President.
F R E D E R IC K C. B A LF E , Treasurer.
J*. W. S1N F F , Vice-President.
ISAAC C. CHAPMAN. Secretary.
>WM. O. M A ILLE R , V ice-President.
H A R R Y F. SM ITH , Asst. Treas.

TR U STE E S
THOM AS F. BALFE,
•IS A A C C. CHAPMAN,
W IL L IA M O. M A ILLE R ,
JOSEPH CHADW ICK,

A . Y. W ELLE R ,
GEORGE W . GREEN,
F. W. SENFF,
W IL L IA M F. CASSEDY,
THOS. F . CHADW ICK.

S. V . SCHOONMAKER,
F R E D ’K C. B A LFE .
JOHN T . H OW ELL,
H IR A M M E RR IT T ,

FINANCIAL
RESOURCES

Bonds and m ortga ges.............................
Stock and bond investm ents, viz. :
P ar

Stocks m i bonds

value

State o f New Y o rk ................
$100,000 00
State o f M assachusetts.........
115,000 00
Cities in other States............
640,500 00
Cities in this State............... 3, M l. 710 00
^Counties In this S tate..........
580,562 50
77,000 00
Tow ns in this S tate...............
‘School districts in this State
11,000 00
Bonds o f Land Bank o f the
State o f New Y ork.................
100,00000
$4,885,832 50

$8,,866,772 75
Original
cost
$100,000 00
119,600 00
588,751 80
3,613,428 62
616,749 30
77,987 60
11,000 00

Estimated
market value
$106,000 00
312,700 00
662,040 00
3,602,186 60
592,262 50
78,920 00
H,0Q0 00

100,464 44

100,000 00

$5,227,972 66

$5,066,119 00

5 ,0 6 5 ,1 1 9 00
B ank ing house and lot, book value, $20,000; cost, $115,527.16;
actual cash value ................................................................................
Cash on deposit in banks or tru st com panies...............................
Cash on hand .............................................................................................
T ota l o f collectible in terest..................................................................

20,000 00
894,401 14
39,737 89
175,136 22
$ 1 4 ,7 6 1 ,1 6 7 00

L IA B IL IT IE S

A m ount due depositors, v iz .:
P rin cip al ..................................................................................$12,463,780 24
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916........................
241,328 60

------------------ $ 1 2 ,7 0 5 ,0 8 8 84
S u rp lu s on market v a lu e....................................................................... 2 ,0 5 6 ,0 7 8 16
$ 1 4 ,7 6 1 ,1 6 7 00
B u tph is on par value, $1,876,791.66.
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1016
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f th e d a y ...............................................
F rom depositors, n ot in cluding dividends cred ited ......................
F rom interest on loans, deposits and investm ents......................
F rom rents from banking h ou se..........................................................
F rom m ortgages .......................................................................................
From redemption o f stocks and b on d s............................................




$896,952
1 ,7 85 ,5 6 1
650,198
1,803
4 5 8 ,1 5 0
549,838

95
63
14
96
00
01

$ 4 ,3 4 2 ,5 0 4 69

O range C o u n t y

253

PAYM EN TS

T o depositors including dividends paid to th em ........................... $ 1 ,97 1 ,2 0 1
F o r loans on bonds and m ortgages...................................................
758,200
F o r stocks and bonds purchased, in cluding premiums, com ­
m issions, etc. (to ta l par value, $817,062.50).............................
626,467
F o r interest (oth er than dividend paym ents to depositors) . .
1,855
F o r current expenses o f the bank, v iz .:
F or salaries .............................................................................
F o r ta x e s : Banking house, $1,058.41; surplus, $18,209.17 .......................................................................................
F or expenses, except taxes, o f banking h ou se:
Repairs .............................................................
Insurance ..........................................................................
Other ..................................................................................
F or other expenses, n ot including expenses o f other
real estate nor other expenses o f banking house___

18
00
94
87

124,637 50
19,267 58
507 76
162 00
478 10
5,187 73

5 0 ,2 4 0 07
Other paym ents, v iz .: Loss on sale o f real estate by fore­
closure ......................................................................................................
Cash oil hand and in banks or tru st com panies Decem ber 31,
1916, after transactions o f the d a y ........... ...................................

400 00
934,139 03
$ 4 ,3 4 2 ,5 0 4 69

S T A T IS T IC A L IN F O R M A T IO N
Number o f open accounts January 1, 1917......................................
18,722
N umber o f accounts opened or reopened during the y e a r .........
1,575
Num ber o f accounts closed during the y e a r ...................................
1,510
A m ount deposited during the year, n ot in cluding dividends
credited fo r th a t p e rio d ....................................................................... $1 ,78 5 ,5 6 1 63
1 ,9 71,201 18
A m ount w ithdraw n during the y e a r .................................................
A m ount o f dividends credited and pa id for th e year, v iz .:
July 1,1916................................................................................
January 1, 1917........................................................................

$239,000 00
241,328 60

A verage am ount o f each account January 1, 1917....................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916............................................................ ...............
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1 9 1 6 .. ..........................................................
T o ta l earnings o f th e bank fo r th e year 1910, a fte r allow in g
fo r am ortization o f premiums and discou n ts...........................
T ota l expenses o f the bank fo r the year 1916.............................
D ividends paid to depositors fo r the year 1916........... ...............
N et earnings fo r the year 1916 over expenses and dividends
paid to d ep ositors..................................................................................




480.328 60
678 61
4
4
$636,922 10
5 0 ,2 4 0 67
480.328 60
106,352 83

254

R eport oh S avin gs B a n k s
104.

W A L D E N S A V IN G S B A N K , W A L D E N

[C orner U lster avenue and Bank stre e t; incorporated 1SI2]
H IBAM B. W OOSTER. P residen t
E L IA S M ULFORD, Vice-President.
THERON L. M ILLSPAUGH. V lce-Pres.
C H ARLES W. SADLIER, Treasurer.

TR U STE E S
T. L. M ILLSPAUGH,
H IR A M B. W OOSTER,
A L B E R T S. EM BLER.
SIMON VEBNOOT,

E L IA S MULFORD,
E D W A R D W H ITE H E A D ,
CHARLES W. S A D L I lR ,
R. A . DEM AREST,
C. F R E D FOW LER.

H A R V E Y N. SM ITH,
SAM UEL ANDREW S,
JOHN SIM PSON,
JOHN AHRENS,

F IN A N C IA L
RESOURCES

Bonds and m ortga ges.............
Stock and bond investments, viz.:
Par
value
$5,000 00
40,000 00
77,000 00
10,000 00
48,000 00
86,000 00
23,900 00
80,000 00

Stocks and bonds
State o f M assachusetts.........
Cities in other States.........
Cities in this State...............
Counties in this S tate..........
Tow ns In this State...............
V illages in this State............
School districts in this State
R ailroad m ortgage b o n d s ....

$369,900 00

$713,004 00
Original
Estimated
cost
market value
$5, m i 50
$4,800 00
42,606 48
43,200 00
79,081 10
76,2581 00
10,697 66
9,960 00
49,409 41
48,270 00
88,004 05
85,845 00
24,847 66
24,489 00
77,600 00
68,500 00
$377,833 85

$361,334 00

361,334 00
Banking
actual
Cash on
Cash on

house and lot, book value, $19,000; cost, $19,262.54;
cash value ................................................................................
deposit in banks or trust com panies.................. ..........
hand .............................................................................................

19,000
59,941
15,072
20 ,01 9
1 ,4 50

T o ta l o f c o lle c tib le i n t e r e s t ...................................................... ................

A m ount o f all other assets, v iz .: Land co n tra ct.........................

00
35
34
36
00

$ 1 ,18 9 ,8 2 1 05
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal ..................................................................................$1,062,206 07
Dividends credited o r to be credited fo r the six
19,692 16
m onths ending w ith December 31. 1916.........................

------------------ $ 1 ,08 1 ,7 9 7 23
Surplus on market v a lu e .......................................................................
108,023 82
$ 1 ,18 9 ,8 2 1 05
Surplus on par value, $116,589.82.
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y ............................................
From depositors, n ot in cluding dividends cred ited ....................
From interest on loans, deposits and investm ents........................
From mortgages .......................................................................................
From redemption o f stocks and b on d s............................................
From all other sources, v iz .: Land co n tra ct.................................

$64,3 2 0
280,518
49,796
4 2 ,1 0 0
17,800
50

82
32
86
00
00
00

$454,586 00
PAYM ENTS

T o depositors, in cluding dividends paid to th em ........................
F or loans on bonds and m ortga ges...................................................




$242,208 79
1 19,800 00

255

O range C o u n t y
F o r stock s and bonds purchased, including premiums, com ­
m issions, etc. (to ta l par value, $ 1 2 ,5 0 0 ).................................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). .
F o r current expenses o f the bank, viz.:
F or s a la r ie s .............................................................................
F or ta x e s: Banking house, $214.86; surplus, $944.26;
on mortgages, $104.60 . . . : ..................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house___

$11,675 00
31 11

$3,840 00
1,263 62
60 00
297 78
396 01

-----------------Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ...............................................

5 ,8 5 7 41
7 5,013 69
$454,586 00

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1 9 1 7 . . . .............................
Number o f accounts opened or reopened durin g the y e a r ___
Number o f accounts closed during the y e a r .................................
A m ount deposited durin g the year, n ot in cluding dividends
credited fo r th a t p e rio d .....................................................................
A m ount w ithdraw n during the y e a r .................................................
A m oun t o f dividends credited and pa id for the year, v iz .:
Ju ly 1, 1916................................................................................
January 1, 1917........................................................................

3,3 26
469
374
$280,518 32
2 42,208 79

$19,290 20
19,692 16

-------------------------------------- 38 ,88 2 36
Average am ount o f each account January 1, 1917....................
325 25
B a te per cent, o f dividends to depositors during the six months
ending June 30, 1916.........................................................................
3 and 4
B ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916................................................................
3 and 4
T o ta l earnings o f the bank fo r the year 1916, after allow ing
$ 5 1 ,6 6 4 73
fo r am ortization o f premiums and discou n ts.............................

Total expenses of the bank for the year 1916.......................

D ividends paid to depositors fo r the year 1916 ...........................
N et earnings f o r the year 1916 over expenses and dividends
pa id to d e p o s ito r s .. . . » .....................................................................




5,857 41

3 8,882 36
6 ,9 2 4 96

256

R eport on S a vin g s B a n k s
105.

T H E W A R W IC K SA V IN G S B A N K , W A R W IC K

[M ain s t r e e t ; Incorporated JOT]
JOHN SAYEB. President.
W IL B U R C. L A ZE A R , Viee-Presideati
THOM AS W ELLIN G. Vice-President.
JOSEPH E. V . M ILL E R , Treasurer:

TR U STE E S
JOHN SAYEB,
JOS. E. V. M ILLE R ,
THOM AS W ELLING,
W ILB U R C. LAZE A R ,

R 1N J. F. V A IL ,
H EN RY PELTON,
JOHN W. SANFORD,
JOEL H. CRISSEY,
M ORRIS RU THBRFU RD.

C L IFF O R D S. B E A TT IE ,
JOHN B. BRADNBfi,
F R E D C. CARY,.
W . B . VAN DBVORT,

F IN A N C IA L
RESOURCES

Bonds and m ortga ges..............................................................................
Stock and bond investments, v iz .:
S to c k s an i b on d s

Cities in other States..........
Cities in this S tate...................
Counties in this State..........
Tow ns in this S tate..............
V illages in this State............
School districts in this State
R ailroad m ortgage bonds—

P ar
value
$12,000 00
111,00000
20,000 00
34,000 00
129,160 00
58,009 00
272,000 00

$637,173 70

Original
Estimated
coat
m arket value
$12,227 50
$12,06000
123,661 36
US,090 00
23,500 00
20,20000
35,329 00
34,65000
133,319 09
129,53690
58,995 18
60,54500
268,490 60
248,99000

$636,150 00
$061,522 73
$621,061 90
.—
—
— — —
• ........ .........
Other real estate, book value, $5,225.67; cost, $5,225.67;
actual cash v a lu e..................................................................................
Cash on deposit in banks or trust com panies..................................
Cash on h a n d ...............................................................................................
T ota l o f collectible in terest...................................................................

6211,90
5 s225 67
,
130,525 27
372* 2$
10,754? 38
$ 1 ,4 1 1 ,1 1 # 18

L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal .................................................................................. $1,292,313 62
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31,1916.........................
23,870 79

------------------ $ 1 ,3 1 6 ,1 8 4 41
Su rplu s on market v a lu e.........................................................................
94,928 77
$ 1 ,4 1 1 ,1 1 3 18
Surplus on par value, $110,016.87.
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E CEIPTS

Cash on hand and in banks or tru st companies January 1,
1916, before transactions o f the d a y ......... ..............................
F rom depositors, n ot including dividends cred ited.........................
F rom interest on loans, deposits and investm ents....................
F rom rents from other real esta te.....................................................
F rom m ortgages.........................................................................................
F rom redemption o f stocks and b on d s..............................................
F rom stocks and bonds sold (to ta l par value, $ 2 0 ,0 0 0 )...........
F rom a ll other sources, v iz .:
Insurance and taxes advanced, refunded......................
Expenses on loans ................................................................




$720 80
18 52

$116,960
223,061
6 2 ,47 3
115
5 2 ,51 0
2 2 ,7 0 0
18,650

27
77
41
25
10
00
00

739 32
$497,216 12

O range C o u n t y

257

PAYM EN TS

To depositors, including dividends paid to them.........................
For loans on bonds and mortgages.................................................
For stocks and bonds purchased, including- premiums, com ­
m issions, etc. (total par value, $22,500).................................
For interest (other than dividend payments to depositors) . . .
F o r current expenses o f the bank, v iz .:
salaries .............................................................................
taxes : Surplus..............................................................
rent o f banking room s..................................................
expenses o f other real estate, v i z .:

F or
F or
F or
F or

21,172 20
523 00

$4,840 00
760 47
300 00

Insurance .........................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house___

.

$280,057 79
56,374 80

5 00
164 82
140 52

Repairs ................................................................

657"28

583 36

-----------------

7 ,4 5 1 45

Other paym ents, v iz .:
Insurance and taxes advanced..........................................
Expenses on loans.................................................................

1720 80
18 52

------------------------------------ 739 3
2
Cash on hand and in banks or trust companies December 31,
1916, after transactions of the da y ...........................................
130,897 56
$497,216 12
S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917......................................
Numher o f accounts opened or reopened during the y e a r.........
Number o f accounts closed du rin g''th e y e a r . . . . ........................
A m oun t deposited during th e year, n ot including dividends
credited fo r th at p e r io d .......................................................................
A m ount w ithdraw n during the y e a r .................................................
Am ount o f dividends credited and paid fo r the year, v iz .:
July 1,1916................................................................................
January 1, 1917........................................................................




$223,061 77
2 8 0 ,0 5 7 79*

$23,919 10
23,870 79

A verage am ount o f each account January 1, 1917........................
Number o f accounts w hich exceeded $3,000, exclusive o f d iv i­
dends credited, a t the la st tria l balance o f depositors’ ledgers,
except deposits arisin g from society accounts, or ju d icia l
sales, or tru st funds o r by order o f a cou rt o f record or o f a
surrogate ...................................................................................................
T ota l am ount o f such a ccou n ts............................................................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916...................................................................
T o ta l earnings o f the bank fo r th e yean 1916, after allow ing
for am ortization o f premiums and d iscou n ts.............................
T ota l expenses o f th e hank fo r the year 1916...............................
D ividends paid t o depositors fo r th e year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to d ep ositors..................................................................................

9

3,581
315
339

47 ,78 9 89
367 55

3
$9 ,39 4 73
3 and 4
3 and 4
$ 6 1 ,7 3 3 397 ,451 45
4 7 ,78 9 89
6 ,4 9 2 05

O SW EG O C O U N TY

106.

FULTON SAVINGS BANK, FULTON

[75 South F irst stre e t; Incorporated 1871]
WM. J. LOVE JOY, P resid en t
H ARRY L. STOUT, Treasurer.
GEO. G. CHAUNCEY, Vice-President.
GEORGE E . TR U E, Secretary.
W ATSON A . BU TTS, Vice-President.

T R U ST E E S
G ILES S. P IPE R ,
W IL L IA M J. LOVBJOY,
GEORGE P . W ELLS,
H. PUTNAM A LLEN ,
CAMERON C. BENEDICT,
EDW IN F . PALM ER,

H E R B E R T J. W ILSON,
GEORGE G. CHAUNGEY,
A L B E R T I. MORTON,
FR A N K W. LA SH E R .
JOHN R. SULLIVAN,
W IL L IS P. M ORIN.

A R TH U R G. G IL B E R T ,
H ARRY L. STOUT,
W ATSON A. BU TTS,
ELM ER E. M ORRILL,
GEORGE E. TR U E,

F IN A N C IA L
RESOURCES

Bonds and m ortga ges......................
Stock and bond investments, v iz .:

$ 1 ,58 1 ,3 1 7 71

Par
value
$25,000 00
8,500 00
245,000 24
10,000 00
19,000 00
178,700 oo
30,000 00
263,00000

S to c k s m i b o n is

State o f New Y ork.................
Cities in other States............
Cities in this State.................
Counties in this S tate..........
Tow ns in this State...............
Villages in this State............
School districts in this State
R ailroad m ortgage bonds—

$779,200 24

Original
Estimated
cost
market value
$26,062 60
$27,50000
8,678 50
8,50000
251,933 20
246,96524
10,323 00
10,30000
19,058 04
19,78000
182,225 38
182,87900
30,859 68
30,20000
281,422 00
263,47500
$810,562 40

$789,599 24

789,599 24
Banking house and lot, book value, $28,562.50; cost, $30,647;
actual cash v a lu e ..................................................................................
Cash on deposit in banks or trust com panies.................................
Cash on h a n d ...............................................................................................
T otal o f collectible in terest......... .........................................................
Am ount o f all other assets, v iz .:
Furniture and fixtures...........................................................
Land contracts ......................................................................
Taxes advanced ..................................

28 ,56 2
295,9 6 9
21 ,80 6
48 ,00 3

50
66
67
94

$2,000 00
1,150 00
301 28

3,451 28
. $ 2 ,7 6 8 ,7 1 1 00
L IA B IL IT IE S

A m ount due depositors, v iz .:
Principal .................................................................................. $2,5^,938 74
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916.........................
47,778 65

Other liabilities, v iz .:
D eposits for security
loaned ..................................................
Surplus on m arket v a lu e................................

------------------ $ 2 ,56 9 ,7 1 7 39
o f abstracts
30 00
198,963 61
$ 2 ,7 6 8 ,7 1 1 00

Surplus on par value, $188,564.61.




[258]

259

O sw ego C o u n ty
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ...............................................
From depositors, n ot including dividends cred ited ......................
F rom interest on loans, deposits and investm ents......................
F rom rents from banking house............................................................
F rom m ortga ges.........................................................................................
From redem ption o f stocks and bond s...............................................
From stocks and bonds sold (tota l par value, $ 4 5 ,0 0 0 )...........
From all oth er sources, v iz .:
Taxes and insurance advanced — refunded...................
Small banks lost and paid f o r ..........................................
Exchange ..................................................................................
Land contract ........................................................................
Cash errors and correction s...............................................
Deposits as security fo r abstracts loaned......................

$812
6
2
150
77
170

$236,075
809,622
118,191
400
91 ,73 6
8 ,3 0 0
4 5 ,1 3 9

20
45
69
00
00
00
35

14
00
30
00
11
00

1,217 55
$ 1 ,3 1 0 ,6 8 2 24
PAYM EN TS

—- —.......................

T o depositors, including dividends paid to th em .........................
F or loans on bonds and m ortga ges...................................................
F or stocks and bonds purchased, including premiums, com ­
missions, etc. (to ta l par value, $ 1 6 1 ,5 0 0 ).................................
F or interest ( other than dividend paym ents to depositors) . . .
F o r current expenses o f the bank, v iz .:
F or s a la r ie s ............................................................................
F or ta x e s: Banking house, $639.52;surplus, $1,688.57 .
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

$722,756 79
94,767 62
162,932 77
760 17

$5,190 00
2,328 09
62 45
2,879 93

------- ------ —

11 ,06 0 47

Other paym ents, v iz .:
Taxes and insurance advanced on m ortgaged prop­
erty ........................................................................................
Deposits as security fo r abstracts loaned......................

$448 09
180 00

-----------------Cash on hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y .................................................

628 09
317,776 33

$ 1 ,3 1 0 ,6 8 2 24
S T A T IS T IC A L IN F O R M A T IO N
= = = = = = =
Number o f open accounts January 1, 1917....................................
6 ,0 76
Number o f accounts opened or reopened during the y e a r ___
879
Number o f accounts closed during the y e a r .................................
813
A m ount deposited during the year, n ot in cluding dividends
$809,622 45
credited fo r th at p e rio d .....................................................................
Am ount w ithdraw n during the y e a r ...............................................
722,756 79
A m oun t o f dividends credited and paid fo r the year, viz.:
July 1, 1916............................................................... ...............
January 1, 1917......................................................................
Credited at other periods....................................................

$46,234 67
47,611 92
464 27

Average am ount o f each account January 1, 1917....................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six months
ending December 31, 1916...................................................................
T ota l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f premiums and d iscou n ts.............................
Total expenses o f the bank fo r the year 1 9 1 6 ..............................
D ividends paid to depositors for the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to d ep ositors..................................................................................




94 .31 0 86
422 92
4

4
$121,392 00
1 4 ,59 0 47
94 .31 0 86
12,490 67

260

R eport on S avin g s B a n k s
107.

OSWEGO CITY SAYINGS BANK, OSWEGO

[214 W est F irst stre e t; incorporated 1889]
E L LIO T T B. MOTT. President.
CH A R LE S S. W R IG H T, Secretary.
THOM AS F. GLEASON. Vice-President.
W M. P. BURR, Treasurer.
JAM BS B. F A R W E L L, Vice-President.

TRUSTEES
N IE L GRAY, J r .,
BENJAM IN DENTON,
JA M E S B. FA RW E L L,
F R A N K P. F A RR E LL.
C H ARLES H. BOND,

JAM ES K . STOCKW ELL,
E DGAR D. JOHNSON,
THOM AS F. GLEASON,
E L ISH A B. POW E LL,
E L L IO T T B. M OTT,

A R TH U R € . H A L L ,
JOHN D. H IGGIN S,
FR A N K E. SAVER,
THOMSON HINGSFORD,
D A V ID D. LONG

F IN A N C IA L
RESOURCES
$ 2 ,4 0 0 ,9 3 8 00

Bonds and m ortgages ...........
Stock and bond investments, viz.:
P ar
value
f 7,000 00
10,000 00
15,000 00
10,000 00
95,000 00
370,985 48
120,933 28
387,350 00
129,000 00
296,000 00

S to c k s an d b on d s

State o f New York ...............
State o f California ...............
State o f Louisiana .................
State o f Oklahoma ...............
C ities in other States..........
Cities in this State...............
T ow ns in this State ; ............
V illages in this State............
School districts in this State
R ailroad m ortgage bonds___

81,441,268 76

Estim ated
Original
cost
m arket value
88,120 00
87,498 75
10,100 00
9,729 00
16,500 00
15,443 50
10,300 00
10,200 00
101,480 00
99,570 52
385,646 98
400,590 09
122,591 95
123,972 09
395,143 25
401,989 88
133,675 00
133,337 92
316,776 66
255,750 00
81,519,108 40

81,439,307 18

1 ,4 39 ,3 0 7 18
Banking
actual
Cash on
Cash on
T o ta l o f

house and lot, book value, $35,000; cost, $70,593.96;
cash v a lu e ..................................................................................
deposit in banks or trust com panies...............................
h an d...............................................................................................
collectible in terest.....................................................................

3 5 ,0 0 0
195,002
81,192
6 4,358

00
91
54
95

$ 4 ,2 1 5 ,7 9 9 58
L IA B IL IT IE S

Amount due depositors, viz.:
P r in c i p a l ............................................................................................................. 8 3 ,859,492 39

Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916 .........................

Surplus

on

74,489 27

------------------ $ 3 ,93 3 ,9 8 1 66
market v a lu e .........................................................................
281,8 1 7 92

Surplus on par value, $283,779.50.

$ 4 ,2 1 5 ,7 9 9 58
:.— ........ - ..-..: - ..
..
.

CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................
F rom depositors, n ot in cluding dividends cred ited ........................
F rom interest on loans, deposits and investm ents......................
F rom rents from banking h ouse..........................................................
F rom m ortga ges............................................................................ ............
F rom redemption o f stocks and b on d s...............................................
F rom stocks and bonds sold ( tota l par value, $ 1 6 ,0 0 0 ).............
F rom a ll o tt e r sources, v iz .:
Redemption o f judgm ent against State o f New York.




$218,436 91
1 ,0 3 8 ,2 8 9 18
191 ,9 5 5 ,2 7
l,3 3 3 f 82
225, (K * 00
M
73,65ft 59
16 ,71 0 90

16,976 28

$ 1 ,7 8 2 ,3 9 1 30

O swego C o u n t y

261

PAYM EN TS

T o depositors, including dividends paid to th em ......................... $ 1 ,1 0 9 ,9 1 4 65
374,085 00
F o r loans on bonds and m ortga ges................................. . ...............
F o r stock s and bonds purchased, in cluding premiums, com ­
m issions, etc. (to ta l par value, $ 3 ,89 7 .4 0 )............................. .’ .
3 ,897 40
F o r cu rrent expenses o f the bank, v iz .;
F o r s a la r ie s .............................................................................
F o r taxes : Banking bouse, |994.65; surplus, $2,188.05;
on mortgages, $82........................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ................
Insurance ..........................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

$8,220 00
3,264 70
3,665 64
361 62
503 17
1,383 67

-----------------Cash on hand and in banks or tru st com panies December 31,
1916, a fter transactions o f the d a y ...............................................

17,398 80
276,195 45
$ 1 ,7 8 2 ,3 9 1 30

S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts, January 1, 1917......................................
8 ,0 89
Number o f accounts opened or reopened during the y e a r .........
1,415
Number o f accounts closed during th e y e a r .................................
1,236
Am ount deposited during the year, n ot in cluding dividends
credited ;for th at p e rio d ....................................................................... $ 1 ,0 3 7 ,6 3 8 06
Am ount withdrawn during the y e a r ...................................................
1 ,1 0 9 ,2 7 2 53
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917........................................................................
Credited a t other periods....................................................

$74,012 93
74,489 27
1,062 77

A verage am ount o f each account January 1, 1917......................
R ate per cent, o f dividends to depositors during the six months
ending Jun e 30, 1916............................................................................
R ate per cent, o f dividends to depositors during the six m onths
raiding December 31, 1916................................................................
T otal earnings o f the bank for the year 1916, after allow ing
fo r am ortization o f prem ium s and discou n ts.............................
T ota l expenses o f the bank for the year 1918...............................
D ividends paid to depositors for the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




149.564 97
478 31
4
4
$193,286 73
17,398 80
149.564 97
2 6 ,32 2 96

262

R eport oh S avin gs B an k s
108.

OSWEGO COUNTY SA V IN G S B A N K , OSWEGO

[44 East Bridge s t r e e t ; incorporated 1870]
W. B. COUCH. President.
H U B E R T J. PEEBLES, Vice-President.
CHAS A . TANNER, Vice-President.
JAM ES DUNLAP, Treasurer.

TR U STE E S
LAURENCE CLANCY.
W. B. COUCH,
R. AR TH U R DOWNEY,
PE TE R H ILB E R T,
NORMAN L. BATES,

J. F R AN K MARSDEN.
THOM AS H. BENNETT,
F R E D 'K B, SH EPH ERD,
O. S. OSTERHOUT,
H U B E R T J. P E EB LE S,

C H ARLES A. TANNER,
F R E D A. GAGE.
A . RAYBORG HUNT,
A L B E R T F. MCCARTHY,
ALANSON S. PAGE.

F IN A N C IA L
RESOURCES

Bonds and m ortgages......................
Stock and bond investm ents, v iz .:
S to c k s and b on d s

Cities in other States..........
C ities in this S tate...............
Counties in this S tate..........
Tow ns in this S tate...............
Villages in this S tate............
School districts in this State
Railroad m ortgage bonds—

$ 2 ,5 0 4 ,6 2 8 86

Par
value
$209,000 00
260,416 89
39,679 75
82,786 64
127,100 00
106,200 00
475,500 00
$1,300,583 28

Original
Estimated
cost
market value
$220,449 41
$219,63000
266,540 90
265, ©1 89
43,955 34
40,87975
83,931 21
84,55944
131,735 17
130,07100
109,783 12
109,16100
562,430 75
467,52000
$1,418,825 90

$1,317,713 08

1 ,3 1 1 ,7 1 3 08
Banking
actual
Cash on
Cash on

house and lot, book value, $20,000; cost, $29,000;
cash v a lu e ..................................................................................
deposit in banks or trust com panies...............................
h an d................................................................................................

20,000 00
324,847 87
14,888 51
62,823 13

Total of collectible interest..............................................................
Am ount o f all other assets, viz.:
Land contract ........................................................................
Taxes advanced .....................................................................

$2,0»0 00
583 01

2 ,6 2 3 01
$ 4 ,2 4 7 ,5 2 4 46
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal .................................................................................. $3,835,196 58
Dividends credited or to be credited fo r the six
m onths ending w ith December 31, 1916 .......................
74,470 70

------------------ $ 3 ,9 0 9 ,6 6 7 28
Surplus on market v a lu e.......................................................................
337,857 18
$ 4 ,2 4 7 ,5 2 4 46
Surplus on par value, $320,727.38.
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y ............................................
From depositors, not including dividends cred ited ......................
From interest on loans, deposits and investm ents......................
F rom rents from banking h ou se............................................................
F rom m ortga ges.........................................................................................
F rom redem ption o f stocks and bon d s.............................................
F rom stocks and bonds sold (to ta l par value, $ 1 1 7 ,0 0 0 ).........
F rom real estate s o ld ..............................................................................




$279,766
903,572
193,619
1,542
128,206
92.948
116,675
6 ,5 0 0

34
71
37
04
50
16
14
00

O swego C o u n ty

283

From a ll other sources, v iz .:
Land contracts........................................................................
Redemption o f judgm ents against State o f New York
Appraisal fees ........................................................................
Taxes and insurance premiums, refunded......................

$5,475 00
10,561 84
32 00
229 63

------------------

$16,298 47
$ 1 ,7 3 9 ,1 2 8 73

PAYM EN TS

To depositors, including dividends paid to th em ........................... $ 1 ,0 1 5 ,4 2 8
F or loans on bonds and m ortga ges.....................................................
316,400
F o r stocks and bonds purchased, in cluding premiums, com ­
missions, etc. (to ta l par value, $ 4 5 ,0 0 0 )....................................
46,968
F or interest (oth er than dividend paym ents to depositors) . . .
42
F o r cu rrent expenses o f the bank, viz.:
F or s a la r ie s .............................................................................
F or ta x e s : Banking house, $773.40; surplus, $2,655.36;
on mortgages, $71................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance .........................................................................
Other ...................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house___

54
00
75
50

$8,925 00
3,499 76
35 83
112 50
545 00
16
198
581
65

80
95
50
58

1,798 96

13,779 88
Other paym ents, v iz .:
Land contracts ......................................................................
Taxes on m ortgaged prop erty............................................
Teller’s cash ...........................................................................

$6,000 00
757 81
14 87

6 ,7 7 2 68
Cash on hand and in banks or trust com panies December 31,
1916, a fter transactions o f the d a y ..............................................

339,736 38
$ 1 ,7 3 9 ,1 2 8 73

S T A T IS T IC A L INFORM ATION"
Number o f open accounts January 1, 1917......................................
N um ber o f accounts opened or reopened during the y e a r .........
N um ber o f accounts closed during the y e a r ...................................
A m ount deposited during the year, not including dividends
credited fo r that p e riod .....................................................................
A m ount withdraw n during the y e a r ...................................................
A m oun t o f dividends credited and paid for the year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................
Paid but not credited...........................................................

$903,572 71
1 ,0 1 5 ,4 2 8 54

$73,832 04
74,470 70
1,240 94

Average amount o f each account January 1, 1917......................
R ate per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916.................................................................
T ota l earnings o f the bank for the year 1916, after allow in g
fo r am ortization o f premiums and d iscou n ts.............................
T ota l expenses o f the bank for the year 1916..................................
D ividends paid to depositors for the year 1916.............................
N et earnings for the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




6 ,5 5 6
934
884

149.543 68
596 35
4
4
$191,974 69
13,779 88
149.543 68
28,651 13

PUTNAM COUNTY
109. PUTNAM COUNTY SAVINGS BANK, BREWSTER
I Main stre e t; incorporated 1871]
A L E X A N D E R F. LOBDELL, President.
D A V ID P. V A IL , Vice-President.
8. P IE R R E F IE LD S, Vice-President.
GEORGE H. REYNOLDS, Treasurer.

T R U S T IE S
MYRON JP. HOWES,
•FREDERIC S. BARNUM,
D A V ID P. V A IL.
L. STAR R BARNUM,
A L E X . F. LOBDELL,

W IL L IA M E. SM ITH ,
EM ERSON W. A DDIS.
F R A N K H. PADDOCK,
S. P IE R R E F IE LD S,
OSCAR B A IL E Y ,

GEO. H. REYNOLDS,
D A N IE L M. -BARNES.
FRED . A. PURDY,
BENJAM IN O. NICHOLS,
JOHN R. YALE.
WM. A. F E R R IS.

F IN A N C IA L
RESOURCES

Bonds and m ortgages......................
S tock and bond investm ents, v iz .:
Stocks and bonds
Cities In other States............
Cities in this State...............
Counties in this S tate..........'
T ow ns in this State..............
Villages in this State............
School districts in this State
R ailroad m ortgage bonds—

$728,950 00

P ar
value
$17,000 00
183,987 17
IS,000 00
22.000-00
220,583 19
68,150 00
20,000 00
$549,720 36

Original
Estimated
cost
m arket value
$17,365 70
$17,000 00
195,719 32
188,532 30
18,259 20
18,072 88
23,068 00
23,240 97
- 227,755 68
230,424 78
71,195 26
71,096 05
18,600 00
15,250 00
$571,949 81

$563,567 33

563,567 33
Banking house and lot, book value, $20,000; cost, $20,230.22;
actu al cash va lu e ..................................................................................
Other real estate, book value, $11,266.36; cost, $11,266.36;
actual cash v a lu e ..................................................................................
Cash on deposit in banks or trust com panies..................................
Cash on h a n d ...............................................................................................
T ota l o f collectible in terest..................................................................
A m oun t o f all other assets, v iz .: Rents accru ed .........................

,2 0 ,0 0 0

00

11,266
102,457
8 ,3 2 6
17,823
109

36
60
84
75
63

$ 1 ,45 2 ,5 0 1 51
L IA B IL IT IE S

A m ount due depositors, viz :
Principal .................................................................................. $1,340,078 89
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1916.......................
25,195 33

----------------- ■ $ 1 ,3 6 5 ,2 7 3 72
Surplus on market v a lu e.........................................................................
87,227 79
$ 1 ,45 2 ,5 0 1 51
Surplus on par value, $73,380.82.
CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on .hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y .............................................
F rom depositors, n ot including dividends cred ited ......................
From interest on loans, deposits and investm ents......................
F rom rents from banking h ou se........................................................




[264]

$90,690
273,344
61,741
’
478

55
99
50
00

265

P u tn am C o u n t y
F rom rents from other real esta te ...................................................
F rom m ortga ges...........................................................................................
From redemption o f stocks and b on d s...............................................

$649 28
4 2 ,2 1 0 19
31,115 00
$500,229 51

PAYM EN TS

T o depositors, including dividends paid to th em ...........................
F or loans on bonds and m o r tg a g e s ....................................................
F o r stocks and bonds purchased, in cluding premiums, com ­
missions, etc. ( total par value, $ 2 0 ,0 0 0 )....................................
F o r interest ( other than dividend paym ents to depositors) . . .
F or current expenses o f the bank, v iz .:
For salaries.............................................................................
For taxes: Banking house, |291.98; surplus, $634.23 ;
on mortgages, $45 ................................................................
For expenses, except taxes, of banking house:
Repairs ..............................................................................
For expenses of other real estate, v iz .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes .................................................................................

Other ........................................................................

For other expenses, not including expenses of other
real estate nor other expenses of banking house___

$200,251 64
154,750 00
2 0 ,60 0 00
370 69

$3,118 00
971 21
2 65
269 68
700
106
211
21

17
44
56
49

1,119 83

6 ,5 2 1 03
F o r real estate acquired by foreclosure, or in settlem ent of
debts due the b a n k ................................................................................
Cash on hand and in banks dr trust com panies December 31,
1916, after transactions o f the d a y ...............................................

6,951 71
110,784 44
$500,229 51

S T A T IS T IC A L IN F O R M A T IO N
Number o f open accounts January 1, 1917......................................
Num ber o f accounts opened or reopened during the y e a r .........
Num ber o f accounts closed du rin g the y e a r ....................................
A m ount deposited during the year, not including dividends
credited fo r that p e rio d .....................................................................
Am ount w ithdraw n durin g the y e a r .................................................
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1916...............................................................................
January 1, 1917.......................................................................

$273,344 99
200,251 64

$24,119 97
25,195 33

A verage am ount o f each account Janu ary 1, 1917......................
R ate per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916................................................................
T o ta l earnings o f the bank for the year 1916, after allow in g
fo r am ortization o f premiums and discou nts.............................
T ota l expenses of the hank for the year 1916...............................
D ividends paid to depositors fo r the year 1916.............................
N et earnings for the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




2,9 38
560
458

49 ,31 5 30
456 09
4
4
$ 63,334 91
6 ,5 21 03
49, 315 30
7 ,4 98 58

QUEENS COUNTY
110.

COLLEGE POINT SAVINGS BANK, COLLEGE POINT

[254 Second avenue; incorporated 1872]
WM. W . W EITLIN G, Vice-President.
EDWIN P. ROE. Vice-President
A L F R E D H. SCHLESINGER, Viee-Pres
GEORGE W. G IL L E T T E , Secretary.

TRUSTEES
FERD IN AN D MARTENS,
WM. W. W EITLIN G.
A. II. SCHLESINGER,
GEORGE W. GILLETTE,

PRAN K IIUNOLD,
FDW IN P. ROE.
W ILLIAM F. i s r i l l .
II. C. P O rPE N IIU SE N ,

HENRY BOHNE,
GEORGE DUEIt.
W ILLIA M SCHM IDT,
G. A. S. W IENERS.

F IN A N C IA L
RESOURCES

Bonds and m ortgages....................
Stock and bond investm ents, v iz .:

$922,880 00

Par
value
$10,000 00
129,350 00
142,000 00
10,000 00
38,731 24
56,300 00
391,000 00

Stocks and bonds
State of California.................
Cities in other States..........
Cities in this State...............
Counties in this State..........
Villages in this State..........
School districts in this State
Railroad mortgage bonds—

$777,381 24

Estimated
Original
cost
market value
$9,400 00
$10,200 00
135,211 08
132,943 50
139,580 00
146,700 62
10,855 70
11,900 00
39,550 27
39,732 49
59,445 67
59,559 00
403,611 05
354,750 00
$804,774 29

$748,664 99

748,664 99
Banking house and lot, book value, $19,624.80; cost, $19,624,8 0 ; actual cash va lu e.........................................................................
Other real estate book value, $11,636.06; cost, $11,636.66;
actual cash v a lu e ..................................................................................
Cash on deposit in banks or trust com panies.................................
Cash on h an d ...............................................................................................
T otal o f collectible in terest...................................................................

19,624 80
11,636
108,124
11,777
29,197

66
07
26
25

$ 1 ,8 5 1 ,9 0 5 03
L IA B IL IT IE S

A m oun t due depositors, v iz .:
Principal ..................................................................................$1,670,574 78
Dividends credited or to be credited for the six
months ending with December 31, 1916........................
31,213 98

------------------ $ 1 ,7 0 1 ,7 8 8 76
Surplus on market va lu e.........................................................................
150,116 27
$ 1 ,8 5 1 ,9 0 5 03
Surplus on par value, $178,832.52.
CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1916
RECEIPTS

Cash on hand and in banks or trust com panies January I,
1916, before tran saction s o f the d a y ............................................
F rom depositors, n ot including dividends cred ited ......................
F rom interest on loans, deposits and investm ents......................
F rom m ortga ges.........................................................................................
From redemption o f stocks and b on d s...............................................
From stocks and bonds sold ( total par value, $ 3 9 .0 0 0 )...........
From real estate s o ld ..............................................................................




[260]

$109,912
413,979
8 1 ,33 0
4 8 ,78 0
1 ,6 00
4 2 ,1 0 0
38,249

59
86
04
00
00
00
56

287

Q ueers C o u n t y
F rom a ll other sources, v iz .:
Land contracts......................................................................
Telephone, notary, advertising, excessinterest............
Mortgage satisfaction .........................................................
To hold against taxes...........................................................
Teller’s cash over.................................................................
Revenue stamps, tax search, release andprotest fees
Profit on bonds sold..............................................................
Fire insurance premiums, refund.................... ...............

$729
7
11
200
11

62
69
25
00
00
3220
38 65
10 00

------------------

$1,038 21
$736,990 26

PAYM EN TS

T o depositors, including dividends paid to th em ...........................
F o r loans on bonds and m ortga ges.....................................................
F o r stocks and bonds purchased, in cluding premiums, com ­
m issions, etc. (to ta l par value, $ 8 9 ,1 3 1 .2 4 ).,...........................
F or interest (other than dividend paym ents to d e p o s ito r s ). . .
F or cu rrent expenses o f the bank, v iz .:
For salaries ............................................................................
For taxes: Banking house, $86.66 ; surplus, $1,185.76;
on mortgages, $118.50.........................................................
For rent of banking rooms..................................................
For other expenses, not including expenses of other
real estate nor other expenses of banking house.. ..

$296,710 98
185,700 00
98,404 30
966 70

$6,238 00
1,390 92
5 # 0©
606 53

-------------------------------------- 8 ,7 75 45
F o r real estate acquired by foreclosure, or in settlement of
debts due the ba n k ................................................................................
11,636 66
Other paym ents, v iz .:
Telephone, notary, advertising,revenue stamps...........
Mortgage satisfaction .........................................................
Held against taxes returned...............................................
Payment account, new bank building.............................
Excess interest returned......................................................
Fire insurance premium......................................................
Teller’s cash, protest fees andreleases.............................

$6 70
11 25
200 00
14,624 80
1 09
10 00
41 00

-------------------------------------- 14,894 84
Cash on hand and in banks or tru st com panies December 31,
1916, after transactions o f the d a y ..............................................
119,901 33
$736,990 26
S T A T IS T IC A L IN F O R M A T IO N
Number o f open accounts January 1, 1917......................................
N um ber o f accounts opened or reopened during the y e a r .........
Number o f accounts closed during the y e a r ....................................
A m ount deposited during the year, n ot in cluding dividends
credited for that p e rio d ................................. .....................................
A m ount withdraw n during the y e a r .................................................
A m oun t o f dividends credited and paid for the year, v iz .:
July 1, 1916................................................................................
January 1, 1917........................................................................

$413,979 86
2 96,710 98

$29,432 34
31,213 98

Average amount o f each account Janu ary 1, 1917.........................
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors du rin g the six m onths
ending December 31, 1916................................................................
T otal earnings o f the bank for the year 1916, after allow ing
fo r am ortization o f premiums and discou n ts.............................
T ota l expenses o f the bank for the year 1916...............................
D ividends paid to depositors for the year 1916.............................
N et earnings for the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




3 ,6 23
490
280

60.646 32
469 72
4
4
$ 80,062 84
8 ,7 8 5 45
60 .64 6 32
10,631 07

268

R eport on S avin g s B a n k s
111.

JA M A IC A SA V IN G S B A N K , JA M A IC A .

[360 Fulton s t r e e t ; incorporated 1880]
W IL L IA M A. W ARNOCK, President.
J. T Y L E R W ATTS, Treasurer.
WM. W. GILLEN. Vice-President.
M A RTIN S. HAPBLYE, Secretary.
STEPH EN RYDER, V ice-President.

T R U STE E S
W IL L IA M A . WARNOCK,
W IL L IA M W. GILLEN,
STEPH EN RYDER,
J! T Y L E R W ATTS,
M A RTIN S. RAPE LYE,

LEAN D ER B. FABER,
GEORGE K. MEYNEN,
W IL L E T T C. DURAND,
W IL L IA M L. WOOD,
R O B E R T W, H IG B IE ,

E D G A R DUBS SHIM ER.
CH A R LE S E. TW OM BLY,
A . JAM ES VAN SICLEN,
STAR R BRIN CKERH OFF,
CLIFFO R D M. TA PP E N .

F IN A N C IA L
RESOURCES

$ 3 ,3 1 3 ,2 0 5 00

Bonds and m ortga ges....................
Stock and bond investm ents, v iz .:
Estimated
Original
cost
m arket value
value
D istrict o f Colum bia..............
$10,000 00
$10,369 38
$10,400 00
643,500 00
C ities in other S tates..........
683,377 77
668,820 00
1,136,190 69
Cities in this State............... 1,123,264 10
1,187,762 63
Counties In this S tate..........
75,000 00
78,001 00
78,350 00
T ow ns in this State..............
20,000 00
20,000 00
20,200 00
87,319 20
Villages in this State............
83,000 00
83,940 00
48,778 40
School districts in this State
48,500 00
48,500 00
R ailroad m ortgage bon ds—
190,00000
181,106 25
166,850 00
S to c k s an d bon d s

$2,193,264 10

$2,297,714 63

$2,207,250 69

2 ,2 0 7 ,2 5 0 69
Banking bouse and lot, book value, $60,000; cost, $71,800,81;
actual cash va lu e........... .......................................................................
Other real estate, book value, $158,401.64; cost, $103,847.73;
actual cash v a lu e .....................................................................................
Cash on deposit in banks or trust com panies.................................
Cash on h an d...............................................................................................
T ota l o f collectible in terest...................................................................
A m ount o f all other assets, v iz .:
Rents due and accrued .......................................................
Insurance paid fo r m ortgagors..........................................

0 5 ,0 0 0 00
100,650
744,805
4 2 ,43 3
5 9 ,89 2

00
21
71
91

$193 50
63 60

257 10
$ 6 ,5 9 3 ,5 5 4 62
L IA B IL IT IE S

A m ount due depositors, viz.:
P rincipal .................................................................................. $5,989,514 99
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916.........................
1(S, 485 17

------------------ $ 6 ,0 9 8 ,0 0 0 16
Surplus on m arket v a lu e .................. *............................................ ..
495,554 46
$ 0 ,5 9 3 ,5 5 4 62
Surplus on par value, $481,567.87.
CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1910
R E C E IPTS

Cash on hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y ............................................
F rom depositors, n ot in cluding dividends cred ited ......................
F rom interest on loans, deposits and in vestm ents.................
F rom rents from banking h ou se.......................................
F rom rents from other real esta te.....................................................
F rom m ortgages.........................................................................................
F rom redemption o f stocks and b on d s...............................................




$585,713
1 ,7 8 9 ,2 9 7
2 7 2 ,3 2 8
4 ,9 1 4
12,905
134,675
1 8,000

07
60
79
00
50
00
00

Q ueens C o u n t y

269

From all other sources, viz.:
Sale of old furniture............................................................
Insurance paid for mortgagor............................................
Rebate on real estate transaction...................................

$6 00
24 00
§ 24

-------------- —

$25 24
$ 2 ,8 1 7 ,0 1 9 20

.

PAYMENTS

T o depositors, including dividends paid to th em ................ .......... $ 1 ,3 3 9 ,0 1 6
F o r loans on bonds and m ortgages........................................................
326,830
F o r stocks and bonds purchased, in cluding premiums, com ­
m issions, etc. ( tota l par value, $ 3 1 5 ,0 0 0 ).................................
324,497
F o r interest ( other than dividend paym ents to depositors) . . .
3 ,1 2 5
F o r current expenses o f the bank, v iz .:
For salaries ...........................................................................
For taxes: Banking bouses, $1,312.80; surplus,
$4,212.92 ..................................................................................
For expenses, except taxes, of banking bouse:
Repairs ..............................................................................
Insurance .........................................................................
Other .................................................................................
For expenses of other real estate, v iz .:
Repairs .............................................................................
Insurance .........................................................................
Taxes ................................................................................
Other ..................................................................................
For other expenses, not including expenses of other
real estate nor other expenses of banking house—

35
00
24
56

$10,243 35
5,525 72
783 95
26 70
4,277 93
2,404
303
3,120
4,378

34
97
48
07

1,842 74

-------------- —
F o r real estate acquired fey foreclosure, or in settlem ent o f
debts due the b a n k ..............................................................................
•Other paym ents, v iz : Insurance advan ced............................... ..
Cash on hand and in banks or tru st com panies December 31,
1016, after transactions o f the d a y ...............................................

32,007 25
4 ,2 4 6 28
37 60
787,238 02
$ 2 ,8 1 7 ,9 1 9 20

S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accounts January 1, 1917......................................
12,140
N um ber o f accounts opened or reopened during the y e a r .........
2 ,2 6 8
Number o f accounts closed during the y e a r .................................
1 ,2 1 0
A m ount deposited during the year, n ot including dividends
credited fo r th at p e r io d ....................................................................... $ 1 ,7 8 9 ,2 9 7 60
A m ou n t w ithdraw n during the y e a r ...................................................
1 ,3 3 9 ,0 1 6 35
A m oun t o f dividends credited and paid fo r the year, v iz .:
July 1, 1916...............................................................................
January 1, 1917......................................................................

$102,322 71
108,4® 17

Average am ount o f each account January 1, 1917.........................
B a te per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
B a te per cent, o f dividends to depositors during the six m onths
ending December 31, 1916.................................................................
T o ta l earnings o f the bank for th e year 1916, after a llow in g
fo r am ortization o f prem ium s and discou n ts.............................
T o ta l expenses o f the bank fo r th e year 1916...............................
D ividends paid to depositors f o r th e year 1916.............................
N e t earnings fo r the year 1916 over expenses and dividends
pa id "to d ep ositors................................................................................




210.807 88
502 30
4
4
$288,123 88
32,907 25
210.807 *88
44 ,40 8 75

R eport on S avin g s B a n k s

270

112. LONG ISLAND CITY SAVINGS BANK, LONG ISLAND CITY
[Bridge P laza; incorporated 1875]
W . J. BURNETT, President.
JARVIS S. HICKS, Secretary.
DANIEL S. JONES, Vice-President.
ARTHUR WOODBURY, Asst. Secy.
BENJAMIN MOORE, Vice-President.
C. L. PAETZOLD, Asst. Treasurer.

TR U STE E S
W ILLIAM J. BURNETT,
D. S. JONES,
A. T. PAYNE,
J. HARVEY SMEDLEY,
H. F. JONES,

D. G. MORRISON,
L. P. DEXTER,
W. H. SIEBRECHT,
JOHN HARVEY,

BENJAMIN MOORE,
II. K. LINES,
JARVIS S. HICKS.
C. CURTIS WOODRUFF.

FINANCIAL
RESOURCES

Bonds and m ortgages......................
Stock and bond investments, v iz .:

$ 5 ,4 3 8 ,1 3 5 00

Par
value
State of New York ...............
$45,000 00
State of Louisiana ...............
40,000 00
State of Oklahoma ...............
25,000 00
Cities in other States............
837,500 00
Cities in this State............... 1,251,742 50
Counties in this State.........
438,445 00
Towns in this State..............
83,500 00
Villages in this State............
672,330 32
School districts in this State
239,100 00
Railroad mortgage bonds....
265,000 00
S to c k s and bon d s

$3,897,626 82

Estimated
Original
market value
cost
$47,700 00
$45,761 13
42,400 00
42,479 12
25,387 50
25,750 00
867,497 39
881,310 00
1,275,804 72
1,278,766 50
450,402 23
454,206 67
84,982 51
86,380 00
690,997 61
688,983 38
245,905 00
245,218 27
234,900 ©0
282,388 01
$4,012,708 70

$3,984,611 34

3 ,9 8 4 ,5 1 1 34
Other real estate, book value, 148,871.51; cost, $48,871.51;
actual cash v a lu e ..........................................................

48,871
785,744
5 ,9 1 6
81 ,42 6

Cash on deposit in banks or trust companies
Cash on h an d ...................................... .................................
T otal o f collectible in terest............................................

51
17
59
11

$ 1 0 ,3 4 4 ,6 0 4 72
LIABILITIES

A m oun t due depositors, v iz .:
Principal .................................................................................. $9,187,894 53
Dividends credited or to be credited for the six
months ending with December 31, 1916........................
165,121 09

-------------- — $ 9 ,3 5 3 ,0 1 5 62
Surplus on market v a lu e .......................................................................
991,589 10
$ 1 0 ,3 4 4 ,6 0 4 72
Surplus on par value, $904,704.58.
CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1916
RECEIPTS

Cash on hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y ..........................................
F rom depositors, not in cluding dividends cred ited ......................
F rom interest on loans, deposits and investm ents.........................
From rents from banking h ou se..........................................................
F rom rents from other real esta te......................................................
F rom m ortgages..................................................................................
F rom redemption o f stocks and b on d s..............................................
F rom stocks and bonds sold ( tota l par value, $ 2 0 ,0 0 0 )...........
F rom real estate s o ld ..............................................................................




$874,214
3 ,5 2 5 ,2 2 5
467,0 9 0
85
2 ,3 2 7
269,1 4 0
90,555
20 ,93 3
2 1 .5 0 0

17
97
20
00
00
00
00
62
00

Q ueens C o u n ty

271

F rom a ll other sources, v iz .;
Advanced insurance premium repaid.............................
Redem ption judgm ents against State o f New Y ork.

$90 00
4,961 83

------------------

$5,051 83
$ 5 ,2 7 6 ,1 2 2 79

PAYM EN TS

T o depositors, in cluding dividends paid to th em ........................... $ 2 ,4 3 4 ,2 5 7
F or loans on bonds and m ortga ges...................................................
1 ,3 1 4 ,5 2 5
F or stocks and bonds purchased, including premiums, com ­
642,0 7 0
m issions, etc. (to ta l par value, $817,304.32).............................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
4 ,0 5 5
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s : Banking house, $288.40; surplus, $7,988.61;
on mortgages, $5,812......................... ................................
F or rent o f banking room s.................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance .........................................................................
Taxes .............................................................
Other ................................................................................
F or other expenses, not Including expenses o f other
real estate nor other expenses o f banking h o u s e ....

82
08

$25,306 51
14,089 01
4,999 92
3,024 60
102 25
788 56
303 04
3,515 60

------—------- ■
F o r real estate acquired by foreclosure, or in settlement o f
debts due the b a n k ......... ......................................................................
Other payments, v iz .:
Insurance premium advanced............................................
Payment on forged signature...........................................

34
00

$90 00
831 68

52,129 49
37,002 62

--------- -—

421 68

Cash on hand and in banks or trust com panies December 31,
1916, a fter transactions o f the d a y ..............................................

791,660 76
$ 5 ,2 7 6 ,1 2 2 79

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917......................................
24,637
Number o f accounts opened or reopened during the y e a r .........
5,367
Number o f accounts closed during the y e a r ......................................
3,0 27
A m ount deposited during the year, n ot including dividends
credited fo r that p e riod ..................................................................... $ 3 ,5 2 5 ,2 2 5 97
Am ount w ithdraw n during the y e a r ................................................. 2 ,4 3 4 ,2 5 7 34
A m oun t o f dividends credited and paid for the year, viz.:
July 1, 1916..............................................................................
January 1, 1917........................................................................

$152,593 40
165,121 09

-----------------Average am ount o f each account January 1, 1917......................
Number o f accounts w hich exceeded $3,000, exclusive o f d iv i­
dends credited, a t the last tria l balance o f depositors’
ledgers, except deposits arisin g from society accounts, or
ju dicial sales, or trust funds, or by order o f a cou rt o f
record o r o f a su rroga te.....................................................................
T ota l am ount o f such a ccou n ts............................................................
R ate per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
R ate per cent, of dividends to depositors during the six m onths
ending December 31, 1916................................................................
T ota l earnings o f the bank for the year 1916, after allow ing
fo r am ortization o f premiums and d iscou n ts...........................
Total expenses o f the bank for the year 1916...............................
D ividends paid to depositors fo r the year 1916.............................
N et earnings for the year 1916 over expenses and dividends
paid t o dep ositors..................................................................................




317,7 1 4 49
379 63

2
$6 ,46 8 50
4
4
$467,822 16
61,961 17
3 17,714 49
88,146 50

272

R eport on S a vin g s B a n k s
1 1 3 . T H E Q U E E N S C O U N T Y S A V IN G S B A N K , P L U S K IN G

[80 Main s t r e e t ; incorporated i860]
W IL L IA M T . JAMES, President.
ABR A M C. HAGEMAN, Cashier.
P R A N K A. COLLINS, Vice-President.
HENRY L. BOGERT, Treasurer.
JOHN HEPBURN, Vice-President.

T R U STE E S
HENRY L . BOGERT,
L E W IS B. FRAN K LIN ,
E.
COVERT HULST,
A B R A M C. HAGEMAN,
E D G A R BQWNE,

JOHN HEPBURN,
W IL L IA M T . JAM ES,
F R A N K A. COLLINS,
GEORGE E. LE W IS,
HARRISON S. MOORE,
JA M E S H. QUINLAN,

D. II. V A N DEW ATER,
JAM ES A. MACDONALD,
D A V ID M ASTER,
GEORGE O. H IL D R E T H ,
G IL B E R T W. ROBERTS.

F IN A N C IA L
RESOURCES

Bonds and m ortgages.............................................................................. $ 2 ,6 1 7 ,3 2 5 00
S tock and bond investm ents, viz.:
Par
S to c k s an d b onds
value
$116,000 00
Cities in other States..........
295,00000
Cities in this S ta te ....................
Tow ns in this State..............
83,000 00
195,000 00
V illages in this State............
School districts in this State
454,250 00
R ailroad mortgage bonds—
320,000 00
$1,463,250 00

O riginal
Estimated
cost
m arket value
$123,663 00
$119,26000
317,897 59
206,32000
86,876 29
85, 570 00
207,205 29
204,41980
475,093 64
482,05500
362,279 00
300,60000
$1,573,004 81

$1,488,224 50

.—
= > = = «= ■
Banking bouse and lo t, book value, $60,000; cost, $63,765.88;
actual cash v a lu e...................... ...........................................................
Other real estate, book value, $89,879.50; cost, $89,879.50;
actual cash v a lu e ..................................................................................
Cash on deposit in banks or trust com panies.................................
Cash on h a n d ...............................................................................................
T ota l o f collectible in terest...................... ............................................

1 ,4 8 8 ,2 2 4 50
6 0 ,0 0 0 00
89,879
380,417
3 ,041
34, 550

50
96
82
53

$ 4 ,6 7 3 ,4 3 9 31
L IA B IL IT IE S

A m oun t due depositors, v iz .:
Principal ................................................................................. $4,241,171 26
Dividends credited or to be credited for the six
m onths ending w ith December 31, 1916.........................
77,100 71

--------------- -- $ 4 ,31 8 ,2 7 1 97
{Surplus on m arket v a lu e.................... ....................................................
355,167 34
$ 4 ,67 3 ,4 3 9 31
.«-~.s......1

Surplus on par value, $330,192.84.

CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Gash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ............................................
F rom depositors, n ot in cluding dividends cred ited ......................
F r o m interest on loans, deposits and investm ents......................
F r o m rents from other real esta te...................................................
F ro m m ortgages.........................................................................................
F r o m redem ption o f stocks and b on d s..............................................
F rom stocks and bonds so ld (to ta l par value, $ 4 5 ,0 0 0 )..............
F ro m real estate s o ld ..............................................................................
F rom a ll other sources, v is .:
Advanced taxes repaid.
Advanced insurance repaid




$330,622
1 ,3 7 3 ,8 5 2
2 1 3 ,9 8 4
4 ,9 1 8
153,850
8 ,5 5 0
4 6 ,39 5
23 ,59 9

07
91
74
70
00
00
00
57

$853 96
70 00

923 96
$ 2 ,1 5 6 ,6 9 6 95

273

Q ueens C o u n ty
PA YM E N TS

T o depositors, including dividends paid to th em ...........................
F o r loans on bonds and m ortga ges.....................................................
F o r stocks and bonds purchased, including premiums, com ­
m issions, etc. (to ta l par value, $ 3 8 3 ,0 0 0 )..................................
F or interest (oth er than dividend paym ents to depositors) . . .
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s: Banking house, $938.13 ; surplus, $2,789.69 .
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance .........................................................................
F or expenses o f other real estate, v iz .:
Repairs ..............................................................................
Insurance .........................................................................
Taxes ................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

$976,694 18
355,075 00
405,094 63
3 ,7 99 17

$8,341 67
3,72782
15 98
21 11
1,363 83
WS 44
2,148 98
2,018 63
3,32276

2 1 ,4 8 4 22
F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ................................................................................
Cash on hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y .................................................

11,089 97
383,459 78
$ 2 ,1 5 6 ,6 9 6 95

S T A T IS T IC A L IN FO R M A TIO N
9,989
Number o f open accounts January 1, 1917......................................
Number o f accounts opened or reopened during the y e a r .........
1,873
Num ber o f accounts closed during the y e a r ....................................
1,062
A m ount deposited during the year, n ot including dividends
credited fo r th a t p e r io d ....................................................................... $ 1 ,3 7 3 ,8 5 2 91
A m ount w ithdraw n durin g th e y e a r ......................................................... 9 76,694 18
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917........................................................................

$72,341 79
77,100 71

--------------—
A verage am ount o f each account January 1, 1917......................
Rath per cent, o f dividends to depositors during the six m onths
ending June 30, 1916...........................................................................
R a te per cent, o f dividends to depositors durin g the six m onths
ending December 31, 1916............................................................
T ota l earnings o f the bank for th e year 1916, after allow in g
f o r am ortization o f prem ium s and discou n ts.............................
T ota l expenses o f the bank fo r the year 1916..................................
D ividends paid to depositors fo r the year 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors................................................................................




149,442 50
432 30
4
4
$213,340 18
2 1 ,4 8 4 22
149,442 50
42 ,41 3 46

RENSSELAER COUNTY
114.

T R O Y SA V IN G S B A N K , TR O Y

[3 2 -3 8 Second stre e t; Incorporated 1823]
W IL L IA M H. SHIELDS, President.
JAM ES H. C ALD W ELL, Vice-President.
TH OM AS V A IL, Vice-President.
J. E. ANTHONY, Treasurer.

TR U STE E S
E D W AR D C. GALE.
JAM BS K. P. PINE,
THOM AS V A IL,
JAM ES H. CALDW ELL,
H A R V E Y S. M cLEOD,
W IL L IA M H. SHIELDS,
W IL L IA M M. SANFORD,

FR A N K E. NORTON,
H EN RY S. LUDLOW.
W . L. THOMPSON,
E L IA S P. MANN,
A L B E R T E. CLUETT,
H E R B E R T S. IDE,

JOHN PAINE,
FRAN K B. TW IN IN G,
HENRY W H E E LE R ,
P A U L COOK,
IIO B A R T W. THOMPSON,
W IL L IA M B. FREAK.

F IN A N C IA L
RESOURCES

Bonds and m ortgages......................
Stock and bond investm ents, v iz .:

$ 2 ,0 3 7 ,2 4 0 50

Par
value
$50,000 00
United States .......................
State o f New Y ork ...............
204,000 00
State o f Tennessee ...............
300,000 00
Cities in other S tates............ 2,635,000 00
Cities in this State............... 2,232,533 30
Counties in this S tate..........
378,500 00
Villages in this S ta te..........
83,000 00
School districts in this State
40,000 00
R ailroad m ortgage b o n d s... 2,755,000 00
S to c k s and bonds

$8,678,033 30

Estimated
Original
eost
market value
$55 500 00
$69,203 12
226,640 00
214,970 00
328,900 00
308,783 88
2,729,583 26
2,648,950 00
2,345,840 53
2,301,204 30
376,830 00
387,598 10
82,400 00
83,668 50
40, W0 00
40,000
00
2,864,817 01
2,509,620 00
$9,044,464 40

$8,570,044 30

8 ,5 7 0 ,0 4 4 30
B anking house and lot, book value, $120,000; cost, $481,675;
actual cash v a lu e ..................................................................................
Cash on deposit in banks or trust com panies.................................
Cash on h an d ................................................................................................
T ota l o f collectible in terest...................................................................
A m ount o f all other assets, v iz .:
Accrued rents ........................................................................
Taxes and interest on m ortgaged premises advanced.

120,000 00
652,535 57
54 ,01 8 32
155,349 60

$93 75
207 48

301 23
$ 1 2 ,4 8 9 ,4 8 9 52
L IA B IL IT IE S

Am ount due depositors, v iz .: P r in cip a l........................................ $ 1 1 ,1 2 8 ,3 0 6 10
Other liabilities, v iz .: D ividends accrued on deposits to
January 1, 1917....................................................................................
95,425 22
Surplus on market v a lu e .........................................................................
1 ,2 6 5 ,7 5 8 20
$ 1 2 ,4 8 9 ,4 8 9 52
Surplus on par value, $1,373,747.20.
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IP T S

Cash on hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y ...............................................
F rom depositors, n ot including dividends cred ited .....................
F rom interest on loans, deposits and investm ents.........................
F rom rents from banking h ou se.........................................................
F rom m ortga ges.........................................................................................




[274]

$809,146
1 ,6 9 9 ,4 9 3
504,148
4 ,7 41
338,709

71
46
56
67
50

R ensselaer C o u n t y

275

F rom redemption o f stocks and b on d s...............................................
From stocks and bonds sold (to ta l par value, $ 2 7 5 ,0 0 0 )...........
From all other sources, v iz .:
Redemption o f judgm ent against State o f New Y ork.
R efund on surety bond.......................................................

$114,160 53
283,4 5 0 00

19,139 81
7 81

------------- .
—

9,1 47 62
$ 3 ,7 6 2 ,9 9 8 07

PAYMENTS
T o depositors, including dividends paid to th em .........................'$ 1 ,9 9 0 ,7 7 9
F or loans on bonds and m ortga ges...................................................
323,600
F or stocks and bonds purchased, including premiums, com ­
m issions, etc. (to ta l par value, $ 6 7 0 ,0 0 0 )..................................
685,713
F o r interest (other than dividend paym ents to d e p o s ito r s ). . .
8 ,5 45
F or current expenses o f the bank, v iz .:
F or salaries .......... ................................................................
F or ta x e s : Banking house, $10,933.28; surplus,
$10,396.24; on mortgages, $1.50..........................................
F or expenses, except taxes, o f banking h ou se :
Repairs ..............................................................................
Insurance .........................................................................
Other .................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

97
00
32
12

$17,012 33
21,331 02
701 53
536 88
2,117 67
5,909 54

-----------------Other paym ents, v iz .: Taxes advanced on m ortgaged premises
Cash on hand and in banks or trust com panies December 31,
1916, after transactions of the d a y ...............................................

47 ,60 8 95
196 82
708,553 89
$ 3 ,7 0 2 ,9 9 8 07

S T A T IS T IC A L INFORMATION1
".
Number
Number
Number
Am ount

o f open accounts January 1, 1917....................................
o f accounts opened or reopened during the y e a r .........
o f accounts closed during the y e a r.................................
deposited during the year, n ot including dividends

19,094
3,152
2 ,5 03

c re d ite d fo r t h a t p e r io d ......................................................................... $ 1 ,6 9 9 ,4 9 3 46
1 ,9 9 0 ,7 7 9 97
A m o u n t w ith d ra w n d u r in g th e y e a r ......................................................

A m ount o f dividends credited and paid for the year, v iz .:
A pril 3, 1916.............................................................................
October 3, 1918.......... ...............................................................

$188,971 78
188,896 33

Average amount o f each account January 1, 1917........................
R ate per cent, o f dividends to depositors during the six months
ending A p ril 3, 1916..............................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending O ctober 3, 1916........................ ..................................... ..
T ota l earnings o f the bank for th e year 1916, after allow in g
fo r am ortization o f premiums and d iscou n ts...........................
T ota l expenses o f the bank for the year 1916...............................
D ividends pa id to depositors fo r the year 1916...........................
N et earnings for the year 1916 over expenses and dividends
paid to dep o sito rs..................................................................................




377,868 11
582 81
3%
3%
$493,875 15
47 ,60 8 95
3 78,334 50
67,931 70

RICHMOND COUNTY
111.

RICHMOND COUNTY SAVINGS BANK, WEST NEW BRIGHTON

[1619 Richm ond te rra ce ; Incorporated 1886]
J. P. SM ITH , President.
F. W. TOM PKINS, Treasurer.
A Z E L P . M ERRELL, Vice-President.
GEORGE H. TR E D W E L L, Secretary.
BE N E D IC T PARK ER , Vice-President.

TRUSTEES
JOHN P. SM ITH,
A Z E L P. M ERRELL,
BE N E D IC T PARK ER,
GEORGE M. MATTHIUS,
PR AN K W. TOM PKINS,
JOHN A . SNYDER,

HEN RY P. MORRISON,
GEO. H. T R ED W E LL,
WM. J. DAVIDSON,
SAMUEL ECKSTEIN ,
JOSEPH H. MALOY,

A L B E R T K. B U H L
SAM UEL W. FANOHER,
M E LV IN L. DECKER,
CHAS. E. SIMONSON.
H A R R Y M. TH A YE R .

F IN A N C IA L
RESOURCES

Bonds and m ortga ges................................................................................ $ 1 ,0 4 7 ,5 7 4 75
Stock and bond investm ents, v iz .:
Par
value
$35,000 00
15.000 00
25.000 00
81.000 00
5,500 00
100,000 00
43,440 00
236,080 00

S to c k s an d bonds

State o f New Y ork...............
State o f Louisiana.................
Cities in other States..........
Cities in this S tate...............
Counties In this State..........
Villages in this S tate............
S ch ool districts in this State
R ailroad m ortgage bonds----

$540,940 00

Estimated
Original
market value
cost
139,600 00
$36,862 50
14,913 00
15,750 00
25,350 00
26,476 00
82,120 00
83,708 66
5,945 00
5,950 00
105,721 68
103,880 00
44,953 66
44,390 00
232,694 50
220,560 00
$551,179 00

1537,595 00

537,595 00
Banking house and lot, book value, $15,000; cost, $15,197.23;
actual cash Y aluc.....................................................................
Other real estate, book value, $3,138.94; cost, $3,13b.94;
actual cash v a lu e ..................................................................................
Cash on deposit in banks or trust com panies...............................
Cash on han d................................................................................ .............
T otal o f collectible in terest....................................................... .............
Am ount o f all other assets, viz.: Land con tra cts......................

1 5,000 00
3 ,1 3 8
276,995
37,195
12,604
9,6 92

94
88
65
52
91

$ 1 ,93 9 ,7 9 7 65
L IA B IL IT IE S

A m ount due depositors, v iz .:
P rin cipal ................................................................................. $1,790,472 32
■Dividends credited or to be credited fo r the six
m onths ending with December 31, 1916 ........................
31,865 33

-------------- ----$ 1 ,8 2 2 ,3 3 7 65
197 00
Other liabilities, v iz .: D ue unknown d ep ositors........................
Kuitpfas on market v a lu e.......................................................................
117,263 00
$ 1 ,93 9 ,7 9 7 65
; —
—
— ........-

Surplus on par value, $120,608.

CASH T R A N SA C TIO N S D U R IN G TH E Y E A R 1916
RE C E IPTS

Cash on hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y ..........................................
F rom depositors, n ot including dividends cred ited ....................
F rom interest on loans, deposits and investm ents....................




[276]

$170,079 71
851,225 55
86,209 25

277

R ic h m o n d C o u n t y
F rom
F rom
From
F rom
F rom

rente from banking h ou se............................................................
m ortgages
.............................................................................
redemption o f stocks and b on d s...................................................
real estate
s o ld .........................................................................
a ll other sources, v iz .:

Insurance premiums, taxes, etc., advanced — refunded
Land contracts ......................................................................
Am ount due unknown depositors to cash accou n t___
M ortgage tax refun d............................................................

$78
227
197
35

$468
5 5 ,15 0
1 3 ,55 ?
6 ,0 0 0

00
00
50
00

90
09
09
75

----------------

538 74
$ 1 ,1 8 3 ,2 2 8 75

PAYM EN TS

...........rrrrrrrr^;

T o depositors, including dividends paid to th em ........................
F o r loans on bonds and m ortga ges...................................................
F or stocks and bonds purchased, including premiums, com ­
m issions, etc. (to ta l par value, $ 8 9 ,0 0 0 )...................................
F o r interest (oth er than dividend paym ents to depositors) . . .
F o r cu rrent expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or taxes : Banking house, $159.06; surplus, $1,139.24;
on mortgages, $627..............................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance ..........................................................................
Other .................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance .........................................................................
Taxes ..................................................................................
O t h e r ..'..............................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

$649,569 41
105,874 75
87 ,57 6 25
808 35

$6,821 00
1,925 30
82 57
41 03
48 40
46
90
421
719

75
60
90
47

1,902 01

-------------------------------------- 12,099 03
F or real estate acquired by foreclosure, or in settlement of
debts due the b a n k ................................................................................
4 ,2 33 94
Other paym ents, v iz .:
Foreclosure expenses .......................................................

$875 49

Purchase o f plot fo r new building..................................

8.000 00

-------------------------------------- 8,8 75 49
Cash on hand and in banks or trust companies December 31.
1916, after transactions o f the d a y .................................................
314,191 53
S T A T IS T IC A L IN F O R M A T IO N
Number o f open accounts January 1, 1917...................................
N um ber o f accounts opened or reopened du rin g the y e a r ...........
Number o f accounts closed during the y e a r ......................................
Am ount deposited during the year, n ot in cluding dividends
credited fo r th a t p e r io d .....................................................................
Am ount withdraw n during? the y e a r .................................................
Am ount o f dividends credited and pa id for the year, v iz .:
July 1, 1916...............................................................................
January 1, 1917 ........................................................................

$1 183 228 75
=^ = : : = = “ " .=
6 ,0 10
1, 054
521
$851,225 55
649,569 41

$29,457 18
31,865 33

-------------------------------------- 61,322 51
Average amount o f each account January 1, 1917......................
297 91
R ate per cent, of dividends to depositors during the six months
ending June 30, 1916...........................................................................
4
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916................................................................
4
T ota l earnings o f the bank fo r the year 1916, a fter a llow in g
fo r am ortization o f prem ium s and d iscou n ts............................
$88,168 86
Total expenses o f the bank fo r the year 1916...............................
13,012 02:
D ividends paid to depositors fo r the year 1916...........................
61,322 51
' N et earnings for the year 1916 over expenses and dividends
paid t o dep ositors..................................................................................
13,834 33




278

R eport on S avin g s B a n k s
116.

STATEN ISLAND SAVINGS BANK, STAPLETON

[81 W ater stre e t; incorporated 1864]
E D W A R D C. BRIDGM AN. President.
HERM AN C. HAGEDORN, Cashier.
EDUARD C. M EURER, Vice-President.
GEO. C. H A LL, Assistant Cashier.
GEO. 8. HUM PHREY, Vice-President.

TRUSTEES
E. C. BRIDGM AN,
W IL L Y SONNTAG,
W. HUDSON CLARK,
FE DOR SCHM IDT,
J. B. PEARSON,
E R N ST W EHNCKE.
OTTO L1NDEMANN,

P A T R IC K BRADY,
ED. C. M EURER.
CHAS. A. BRUNS,
W IL L IA M L. VOORHIS,
EDMUND L. JUDSON,
GEO. S. H U M PHREY,

J. EDW . STAK E,
WM. J. W ELSH,
JOHN CARM ICHAEL,
OTTO J. THOMEN.
C A R L F. GR IE SH A B E R ,
E R N E ST R. MOODY,
J. D W IG H T LEGGETT.

F IN A N C IA L
RESOURCES

Bonds and. m ortgages................................................................................ $ 3 ,27 8 ,7 3 1 50
Stock and bond investm ents, v iz .:
S to c k s an d bonds

Cities in other States............
Cities in this State.................
Counties in this State..........
T ow ns in this State...............
Villages in this State..........
School districts in this State
R ailroad m ortgage b o n d s ....

Par
value
$349,000 00
484,000 00
124,000 00
25,000 00
27,000 00
125,200 00
1,214,000 00

Original
Estimated
cost
market value
$353,576 06
$353,500 00
486,584 19
482,270 00
130,769 00
124,480 00
25,325 10
26,000 00
27,308 94
27,570 00
135,018 10
135,811 00
1,236,868 12 1,170,087 50

$2,348,200 00 $2,395,448 50 $2,319,718 50
= = = = = = = = = = ............ ......:.......=..... ........................- ......-

£ 3 19 7 J g gQ

Banking house and lot, book value, $16,000; cost, $49,192.47;
actual cash va lu e ......................................................................
49,192
Other real estate, book value, $23,067.86; cost, $23,067.86;
actual cash va lu e......................................................................
23 ,03 5
Cash on deposit in banks or trust com panies...............................
378,536
Cash on h a n d ................................................................................
44 ,01 4
T ota l o f collectible in terest....................................................
106,549
A m ount o f all other assets, v iz .: Insurance prem ium s advanced
302

47
00
64
57
23
51

$ 6 ,2 0 0 ,0 8 0 42
L IA B IL IT IE S

..—

.... ..-

A m oun t due depositors, v iz .:
P rincipal ................................................................................ $5,626,695 47
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916......................
101,730 55

---------------- $ 5 ,7 2 8 ,4 2 6 02
Other liabilities, v iz .: Am ounts held on account o f taxes and
in t e r e s t .......................................................................................................
1,762 09
Surplus on market v a lu e........................................................................
469,892 31

Surplus on par value, $498,373.81.

$ 6 ,2 0 0 ,0 8 0 42
============•.=.■:=■.:

CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y ..........................................
F rom depositors, not including dividends cred ited ....................
F rom interest on loans, deposits and investm ents........................
From rents from banking h o u s e . . . . . .............................................
F rom rents from other real esta te..........................................
F rom m ortgages .......................................................................................
F rom redemption o f stocks and b on d s...............................................
F rom stocks and bonds sold (to ta l par value, $ 6 9 ,2 0 0 ).........
F rom real estate s o ld ..............................................................................
From a ll oth er sources, v iz .:
Insurance premiums .............................................................
A ccount or taxes and interest..........................................
F ire insurance ......................................................................
Deposit on account o f s ile o f real estate....................
R epairs on m ortgaged prem ises.......................................




$660 44
2,716 00
482 50
220 00
235 O
O

$403,981
2 ,0 0 3 ,7 2 4
266,401
4 ,7 77
988
226,305
12,600
6 8,515
6,1 65

74
49
10
74
00
00
00
00
00

279

R ic h m o n d C o u n ty
R eceiver fees ........................................................................
M ortgage tax returned.......................................................

$250 00
11 25

$ 4,575 19
$ 2 ,9 9 8 ,0 3 3 26
PAYM EN TS

=

T o depositors, including dividends paid to th em ......................... $ 1 ,5 4 9 ,3 8 0
476,475
F o r loans on bonds and m ortga ges..................................................
F o r stocks and bonds purchased, including premiums, com ­
479,220
missions, etc. (to ta l par value, $458,000)...............................
4 ,6 6 5
F o r interest ( other than dividend paym ents to d e p o s ito r s ). .
F o r current expenses o f the bank, v iz .:

For salaries ...........................................................................

F or ta x e s :
Banking
house,
$1,046.30;
surplus,
$3,839.97 ; on mortgages, $2,136.......................................
F or expenses, exeept taxes, o f banking h o u se :
Repairs .............................................................................
Insurance .........................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs .............................................................................
Insurance ...................................................
Taxes ................................................................................
Other ................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

42
00
62
54

$22,356 61
7,022 87
1,863 69
121 38
2,070 75
312
15
361
316

47
00
H
80

7,194 90

41 ,63 5 58
F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ..............................................................................
Other paym ents, viz.:
Insurance premiums ...........................................................
F ire insurance ......................................................................
Interest and taxes.................................................................
Deposit, guarantees o f payment,Inheritance ta x........
D eposit on account sale o f realestate returned...........
Receiver fees ................
Repairs on real estate.........................................................
Teller’s cash short................................................................

11,159 64

$310 02
8,482 50
2,187 73
1,000 00
470 00
250 00
235 00
10 00

12,945 25
Cash on hand and in banks or trust com panies December 31,
1916, a fter transactions o f the d a y ...............................................

422,551 21
$ 2 ,9 9 8 ,0 3 3 26

S T A T IS T IC A L IN F O R M A T IO N
=
Number o f open accounts January 1, 1917.............................
15,515
2 ,4 69
N um ber o f accounts opened or reopened during the y e a r . . . .
Number o f accounts closed during the year-..................................
1,335
A m ount deposited during the year, n ot including dividends
credited fo r that p e rio d ..................................................................... $ 2 ,0 0 3 ,7 2 4 49
A m ount withdraw n during the y e a r .................................................
1 ,5 4 9 ,3 8 0 42
A m oun t o f dividends credited and paid for the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917........................................................................

$96,263 67
101,730 65

Average amount o f each account January 1, 1917....................
Number o f accounts which exceeded $3,000, exclusive o f d iv i­
dends credited, at the last tria l balance o f depositors’
ledgers, except deposits arising from society accounts, or
ju d icia l sales, or trust funds, or b y order o f a cou rt o f
record or o f a su rroga te.....................................................................
T ota l am ount o f such a ccou n ts............................... ............................
Rate per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
Rate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916................................................................
T ota l earnings o f the bank for the year 1916, after allow in g
fo r am ortization o f premiums and d iscou n ts.............................
T otal expenses o f the bank for the year 1916.............................
D ividends paid to depositors for the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




197,994 22
369 22

1
$ 3 ,33 6 18
4
4
$284,251 88
4 1,635 58
197,994 22
4 4,622 08

SA IN T L A W R E N C E C O U NTY
117.

S A IN T LA W R E N C E COUNTY SA V IN G S B A N E , OGDENSBURG

[79 State s tr e e t; Incorporated 19991
ANDREW IRVIN G, President.
JAM ES E. K E LLY , Treasurer.
R. H. HUTCHINGS. Vice-President.
C. D. RANDLES, Secretary.
G. C. M A D ILL, Vice-President.

T R U S T IE S
ERNEST M, AKIN S,
FRAN K W. AM ES,
FR AN K CHAPMAN.
GEORGE F. BARROW ,
ROBT. J. DONAHUE,
EDGAR B. E LETH O RP,
JOHN T. HANNAN,
JOHN C. HOW ARD.
F E L IX H U LS1R ,

R IC H A R D II. H U TCHIN GS,JO HN B. TYO,
A N DREW IRVIN G,
GEO. E. V A N KENNEN,
W A L T E R G. KELLOGG,
JAM ES M. WELLS*
JAM ES E. K E L LY ,
A B N E R D. W H ITN E Y ,
SAM U EL W. LEONARD,
DENNIS B. LUCBY,
DENNIS LYNCH,
W IL L IA M B . W H ITFOR D,
GRAN T C. M ADILL,
THOM AS SPRATT.
CHAS. D. RANDLES,
JOSEPH W . FLEM ING.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges................................................................................
Stock and bond investm ents, v iz .:
P ar
value
|S,000 00
103,000 00
117,463 68
15,000 00
23,200 00
64,980 00
35,500 00
241,000 00

S to c k s and bonds

State o f Louisiana................
Cities in oth er S tates............
Cities in this State..............
Counties in this S tate..........
T ow ns in this State..............
V illages in this S tate..........
School districts in this State
R ailroad m ortgage b o n d s...

*605,143 68

$435,118 61

Original
Estimated
cost
market value
f4,970 00
*5,25000
106,725 69
109,03000
118,523 39
119,90568
15,389 48
15,80000
24,054 18
24,74700
65,841 13
67,37900
36,139 10
36,70000
232,573 75
226,88000
*604,216 70

*605,691 68

— —
» — —
= — .- .......
Cash on deposit in banks or trust com panies..................................
Cash on h an d..............................................................................................
T ota l o f collectible in terest..................................................................

605,691
4 5 ,71 5
871
9 ,1 8 4

68
31
94
02

$ 1 ,09 6 ,5 8 1 56
L IA B IL IT IE S

A m ount due depositors, viz.:
P rincipal .................................................................................. *1,035,969 03
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916........................
16,614 41

— ------------- - $ 1 ,0 5 2 ,5 8 3 4 4
Surplus on market v a lu e .......................................................................
43,998 12
$ 1 ,0 9 6 ,5 8 1 56
Surplus on par value, $43,450.12.
CASH TR A N SACTIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or trust com panies Janu ary 1,
1916, before transactions of the d a y ..........................................
F rom depositors, n ot including dividends cred ited ....................
From interest on loans, deposits and investm ents....................
From m ortgages .......................................................................................




[280]

$ 6 1 ,0 2 8
417,1 2 0
4 6 ,2 4 4
39,401

94
25
11
00

281

S a in t L a w h en ce C o u n ty
P rom redemption o f stocks and b on d s.............................................
F rom stocks and bonds sold (to ta l par value $ 2 8 ,0 0 0 )...........
P rom all other sources, v iz .: R efund o f insurance prem ium s

$31,000 00
28,87*2 30
58 00
$623,731 40

PAYM EN TS

T o depositors, including dividends paid to th em ......................
F o r loans on bonds and m ortga ges...................................................
F o r stoeks and bonds purchased, including premiums, com ­
missions, etc. ( tota l par value, $ 1 4 3 ,5 0 0 )...............................
F or interest ( other than dividend paym ents to depositors)
F o r current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or ta x e s: Surplus, $362.50; on m ortgages,•
$68.75—
F o r rent o f banking room s.................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u s e ...

$348,027 88
78,612 52
141,510 53
1,374 29

$4,532 13
431 25
600 00
1,913 91

7 ,4 77 29
Other paym ents, v iz .:
Insurance premiums paid on m ortgaged p rop try .......
Suspense account (cash s h o r t )........................................

$75 65
65 99

141 64
Cash on hand and in banks or trust com panies December 31,
1916, after transactions of the d a y ............................................

4 6 ,5 8 7 .2 5
$623,731 41)

S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts January 1, 1917......................................
N um ber o f accounts opened or reopened during the y e a r . . . .
Number o f accounts closed during the y e a r .................................
A m ount deposited during the year, not in cluding dividends
credited fo r th at p e riod ..................................................... I .............
Am ount w ithdraw n during the y e a r ...................................................
Am ount o f dividends credited and paid for the year, v iz .:
July 1, 1916...................1..........................................................
January 1, 1917........................................................................
Credited at other periods....................................................

S23
$417,126 25
348,027 88

$15,559 52
16,614 41
239 07

A verage am ount o f each account January 1, 1917....................
R a te per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending December 31, 1916..................................................................
T ota l earnings o f the bank for the year 1916, after allow ing
fo r am ortization o f premiums and d iscou n ts...........................
T ota l expenses o f the bank for the year 1916...............................
D ividends paid to depositors fo r th e year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to depositors ................................................................................




3 ,865
994

32.413 00
272 34

3%
3U
$45,836 73
7 ,4 77 29
32.413 00
5 ,9 4 6 46

SCHENECTADY COUNTY
118.

SCHENECTADY SAVINGS BANK, SCHENECTADY

[.W State s tr e e t; incorporated 1834]
O
E V E R E T T SM ITH. President.
H. W. DEXNINGTON. Vice-President.
WM. L. PEARSON. Vice-President.
ALLEN W. JOHNSTON. Treasurer.

TRU STEES
E V E R E T T SM ITH.
W IL L IA M L. PEARSON,
H. W. BENNINGTON.
H EN RY BRADT,

A LLEN W. JOHNSTON.
HERMAN V. MYNDERSE.
L E W IS A. SKINNER.
P . W. MCCLELLAN.
W IL L IA M DALTON,

GEORGE E. EMMONS.
H. ROGER HEGEMAN.
CHAS. S. W ASHBURN.
JOHN G. BARRY.

F IN A N C IA L
RESOURCES

$ 5 ,2 5 3 ,4 0 7 11

Bonds and m ortgages ..................
Stock and bond investm ents, v iz .:

Original
Estimated
cost
market value
$25,750 00
$26,695 00
State o f A labam a........................
$25,00000
00
49,O
0O
00 47,500
State o f M assachusetts.........
50,000 00
1,172,679 09
1,217,124 98
Cities in Other States............ 1,187,3® 00
1,255,770 23
1,274,648 72
Cities in this State............... 1,237,343 26
502,924 70
494,795 00
Counties in this S tate..........
478,750 00
56,200 00
55,491 21
Tow ns in this S tate..................
55,00000
228,110 00
224,281 77
Villages in this S tate..........
221,100 00
35,700 00
35,256 12
School districts in this State
34,000 00
107,500 00
118,687 50
R ailroad m ortgage b o n d s...
125,000 00
Par

Stocks and bonds

value

$3,413,573 26

$3,504,110 00

$3,424,004 23

Banking house and lot, book value, $100,000; cost, $76,050.27;
actual cask value ................................................................................
Other real estate, book value, $5,500; cost, $6,576.03; actual
cash value .............................................................................................
Cash on deposit in banks or trust com panies.....................................
Cash on h an d...............................................................................................
T ota l o f collectible in terest...................................................................

7 6 ,0 5 0 27
5 ,5 0 0
568,890
189,984
140,893

00
9l
61
08

$ 9 ,6 5 8 ,7 3 9 21
L IA B IL IT IE S

Am ount due depositors, v iz .:
P rincipal ................................................................................ $8,992,686 08
Dividends credited o r to be credited fo r the six
m onths ending with December 31, 1916......................
141,845 32

------------------- $ 9 ,134,531 40
Other liabilities, v iz .: Junior Department (w ithout interest)
162 22
Surplus on market v a lu e .......................................................................
524,045 59
$ 9 ,65 8 ,7 3 9 21
Surplus on par value, $513,614.62.
CASH TR A N SA C TIO N S D U R IN G THE Y E A R 1916
RECEIPTS

Cash on hand and in hanks or trust com panies January 1,
1916 before transactions o f the d a y ............................................
F rom depositors, n ot in cluding dividends cred ited..................
From interest on loans, deposits and investm ents....................
F rom m ortgages .................. ....................................................................
F rom redemption o f stocks and b onds.............................................
F rom stocks and bonds sold ( total par value, $ 1 5 0 ,0 0 0 )___
F rom real estate s o ld ..............................................................................




(282]

$753,220
3 ,6 6 1 ,7 3 0
382,643
131,726
97,733
129,000
3 ,1 3 2

11
68
95
25
59
00
09

283

■Sc h e n e c t a d y C o u n ty
From a ll other sources, viz.:
.........................................................
Junior department
Correction o f interest credited...........................................
Accrued interest on bonds purchased................................
M ortgage loans, taxes, insurance premiums and in­
terest advanced .................................................................
Exchange on travelers’ checks..........................................

$263 21
3 31
437 50
969 62
6 30

------------------

$1 ,67 9 94
$ 5 ,1 6 0 ,8 6 6 61
.— ■

PAYM EN TS

T o d e p o sito r s, in c lu d in g d iv id e n d s p a id t o t h e m ............................ .$ 2 ,8 2 6 ,9 3 4 57
F o r lo a n s on b o n d s a n d m o r t g a g e s .........................................................
7 4 5 ,2 0 0 00
F o r sto ck s an d b on d s p u rch a se d , in c lu d in g p rem iu m s, c o m ­
m issio n s, etc. (t o t a l p a r v a lu e , $ 7 3 6 ,1 5 4 .3 5 )...............................
7 6 3 ,5 2 0 58
F o r in te r e st (o t h e r th a n d iv id e n d p a y m e n ts t o d e p o s it o r s ).
7 ,7 2 5 75
F o r c u r r e n t expen ses o f t h e b a n k , v i z .:
F or salaries ...........................................................................
$32,822 28
F or ta x es: Banking house, $3,133.45 ; surplus, $4,209.28
7,342 73
F or expenses, except taxes, o f banking h o u se : In­
surance ................................................................................
231 00
F or expenses o f other real estate, v i z .:
Repairs .............................................................................
6 40
Insurance ........................................................................
27 75
Taxes ................................................................................
388 45
Other ................................................................................
740 08
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...
10,244 05
----------------------------------------- 5 1 ,8 0 2 74
F o r r e a l e sta te a cq u ire d b y fo r e c lo s u r e , o r in se ttle m e n t o f
d e b ts d u e th e b a n k ...................................................................................
5 ,5 0 0 00
O th er p a y m e n ts, v i z .:
Junior department ..............................................................
$269 29
28 22
C orrection o f interest..........................................................
M ortgage loan, taxes, search and insurance pre­
miums advanced ................................................................
718 75
P rotest fees ...........................................................................
1 60
Revenue stamp .....................................................................
2 00
Real estate accoun t..............................................................
132 09
Suspense ................................................................................
146 00
E rror o f remittance on bonds..........................................
50
------------------1 ,2 9 8 45
C a sh on h a n d an d in b a n k s o r t r u s t c o m p a n ie s D ecem b er 31,
1916, a fte r tra n sa c tio n s o f th e d a y ................................................
7 5 8 ,8 8 4 52

$ 5 ,1 6 0 ,8 6 6 61
S T A T IS T IC A L IN F O R M A T IO N
= = = = =
Num ber o f open accounts January 1, 1917......................................
39,493
N um ber o f accounts opened or reopened during the y e a r ...........
9,612
Number o f accounts closed durin g the y e a r ..................................
4 ,7 22
Am ount deposited during the year, not in cluding dividends
credited fo r that p e r io d ....................................................................... $3. 661..730 68
A m ount w ithdraw n during the y e a r .................................................
2 ,8 2 6 ,9 3 4 57
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1916..............................................................................
January 1, 1917........................................................................

$131,610 09
141,845 32

-----------------Average amount o f each account January 1, 1917....................
R ate per cent, of dividends to depositors during the six months
ending June 30. 1916...........................................................................
R ate ner cent, of dividends to depositors during the six months
ending December 31, 1918................................................................
T otal earnings o f the bank fo r the year 1916, after allow in g
for am ortization o f premiums and discou n ts.........................
T otal expenses o f the bank fo r the year 1918...............................
D ividends paid to depositors for the year 1916...........................
N et earnings for the year 1916 over expenses and dividends
paid to depositors ....................................................................... ........




273,455 41
227 70
3%
3%
$381,214 52
51,802 74
273,455 41
5 5,958 37

SENECA COUNTY
119.

TH E SEN ECA F A L L S S A V IN G S B A N K , SEN EC A F A L L S

[39 F all s tr e e t; incorporated 1870]
T . JEFFERSON YAW GER, President.
HORACE D. KN IGH T, Vice-President.
E L IA S LESTER, Vice-President.
ED W AR D W. ADDISON, Treasurer.
S. ROM AYNE SOMERS, Asst. Treas.

TR U STE E S
ED W AR D W . ADDISON,
H AM ILTON GARNSEY,
CHAS. F. HAMMOND,
HORACE D. K N IGH T.

E L IA S LE STE R ,
FR ED M A IER ,
CARL W. M A IER ,
C. A. M ac DONALD,
H EN RY R. M ICKS.

CHAS. 8. SANDERSON,
F R ED L. STORY,
A L B E R T P. HANEY,
T. JEFFERSON YAW GER.

F IN A N C IA L
RESOURCES

$396,507 00

Bonds and m ortgages..............................................................................
Stock and bond investm ents, viz. :
P ar
value
15,000 00
10,000 00
26,000 00
36,000 00
28,404 50
9,500 00
146,500 00
30,380 00
236,000 00

S to c k s and bonds

State o f Arizona......................
State o f M ississippi...............
Cities in other States............
Cities in this State...............
Counties in this S tate..........
Tow ns in this S tate..............
Villages in this S tate..........
School districts in this State
R ailroad mortgage b o n d s ...

$527,784 50

Original
Estimated
cost
market value
$5,103 25
$5,25000
10,355 00
10,00000
26,667 60
26,84000
36,427 47
36,40000
28,946 50
29,31004
9,609 07
9,61500
149,948 16
151, 467 50
31,052 68
30,30000
241,682 20
218^17000
$539,791 93

$517,352 54

~
=====
■
....................Other real estate, book value, $8,000; cost, $11,485.15; actual
cash value ................................................................................................
Cash on deposit in banks or trust com panies............................
Cash on h a n d .............................................................................................
T otal o f collectible in terest...................................................................
A m oun t o f all other assets, v iz .: Land co n tra ct.............................

517,352 54
11, #85
128,370
4 ,4 8 9
12,255
550

15
75
44
24
00

$ 1 ,0 7 2 ,1 0 0 12
L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal ................................................................................
Dividends credited o r to be credited fo r the six
m onths ending with December 31, 1916......................

$986,530 8*
18,255 29

------------------ $ 1 ,0 0 4 ,7 8 6 13
Surplus on market v a lu e .......................................................................
67,313 99
$ 1 ,0 7 2 ,1 0 0 12
Surplus on par value, $77,745.95.
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y ............................................
F rom depositors, n ot in cluding dividends cred ited .........................
F rom interest on loans, deposits and investm ents.......................
F rom rents from other real e sta te .....................................................
F rom m ortgages .......................................................................................
F rom redemption o f stocks and b on d s............................................
F rom loans p a id ........................................................................................




[284]

$126,864
325,032
4 6,512
461
3 2,980
38 ,24 4
4 ,9 5 8

43
12
04
18
13
43
35

S eneca County

285

From all other sources, v iz .:
Collection and exchange......................................................
Insurance premium and taxes advanced......................

$12 41
84 50

----------- -------

$96 91
$515,149 59

PAYM EN TS

T o depositors, including dividends paid to th em ......................
F or loans on bonds and m ortga ges...................................................
F o r stocks and bonds purchased, including premiums, com ­
m issions, etc. (to ta l par value, $ 2 0 ,0 0 0 )......................................
F or interest ( other than dividend paym ents to depositors)
F or cu rrent expenses o f the bank, viz.:
F or salaries ...........................................................................
F or taxes : Surplus, $392.21; on mortgages, $359.50..
F or rent o f banking room s.............................. .................
F or other expenses, not including expenses o£ other
real estate nor other expenses o f banking h ou se...

$320,987 37
92,265 00
18,862 50
128 61

$4,26® 00
751 71
400 00
595 13

6 ,0 0 6 84
Other paym ents, viz.:
Loss ..........................................................................................
E rror in July dividend.......................................................

$3,037 90
1 18

3 ,0 3 9 08
Cash on hand and in banks or tru st com panies December 51,
1916, a fter transactions o f the d a y ...............................................

133,860 19
$575,149 59

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917.....................................
Number o f accounts opened or reopened during the yea r. . . .
Number o f accounts d osed during the y e a r ...............................
Am ount deposited during the year, n ot including dividends
credited fo r th a t p e r io d .....................................................................
Am ount w ithdraw n during the y e a r .................................................
Am ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1916.............................................................................
January 1, 1917......................................................................

$325,032 12
320,987 37

$18,048 16
18,255 29

Average am ount o f each account January 1, 1917....................
R ate per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six months
ending December 31, 1916.................................................................
T ota l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f premiums and d iscou n ts...........................
T ota l expenses o f the bank fo r the year 1916...............................
D ividends paid to depositors for the year 1916...........................
N et earnings fo r the year 1916 over expenses and dividends
paid to depositors ................................................... *..........................




3,1 95
586
540

3 6.303 45
314 48
4
4
$46,266 77
6 ,0 0 6 84
3 6.303 45
3 ,9 5 6 48

SUFFOLK COUNTY
120.

RIVERHEAD SAYINGS BANK, RIVERHEAD

[M ain s t r e e t ; incorporated 1S72]
CHAS. M. BLYDENBURGH. President.
USHER B. HOW ELL. Secretary.
GEORGE M. V A IL , Vice-President.
O TIS G. P IK E . A ssistant Secretary.

T R U ST E E S
TIM O T H Y M. GRIFFING,
GEORGE W . COOPER.
C. M . BLYDENBURGH,
GEORGE M. V A IL,
U SHER B. HOW ELL,
JOSEPH M. BELFORD,
TH A D . N. BENJAMIN,

O TIS G. P IK E ,
H EN RY H. PRESTON,
E R A STU S F. POST,
NAT. S. T U TH ILL ,
GEORGE H. P E RK IN S,
F. P O R TE R H OW ELL,
JACOB M EYER,

F R A N K H. W ELLS,
O. EDMUND GRISW OLD,
E L B E R T M. DA V IS,
ABRAM S. POST,
W IL L IS D. V A N BRUNT,
G IL B E R T D. ROGERS.
ED W IN D. F ISH E L,

F IN A N C IA L
RESOURCES

Bonds and m ortgages........................
Stock and bond investm ents, v iz .:
S to c k s and, bonds

Cities in other States............
Cities in this State...............
Counties in this S tate..........
Tow ns in this State..............
V illages in this State..........
School districts in this State
R ailroad mortgage b on d s...

$ 4 ,7 5 4 ,2 7 1 71

Par
value
$290,000 00
569,500 00
20,000 00
147,000 00
212,856 48
869,188 00
200,000 00
$1,808,644 48

Original
Estimated
market value
cost
$307,347 70
$297,250 00
590,414 70
594,193 02
20,135 80
20,500 00
153,854 05
155,605 00
217,517 08
220,552 30
390,435 42
386,528 58
220,512 50
179,300 00
$1,903,995 57

$1,850,150 58

— —
========= —
========
...
Banking house and lot, book value, $25,000; cost, $50,043.29;
aetual cash va lu e..................................................................................
Other real estate, book value, $84,974.73; cost, $84,974.73;
actual cash v a lu e..................................................................................
Cash on deposit in banks or trust com panies.............................
Cash on h a n d ................................................................................................
T ota l o f collectible in terest...................................................................

1 ,8 5 0 ,1 5 0 58
2 5 ,00 0 00
84 ,97 4
837,118
40 ,13 8
82,695

73
63
45
68

$ 7 ,6 7 4 ,3 4 9 78
L IA B IL IT IE S

.......■
......................

A m ount due depositors, v iz .:
P rincipal .................................................................................. $6,323,647 83
Dividends credited o r to be credited fo r the six
127,016 79
m onths ending with December 31, 1916......................

— -------------- $ 6 ,4 5 0 ,6 6 4 62
Surplus on m arket v a lu e.......................................................................
1 ,2 2 3 ,6 8 5 16
$ 7 ,6 7 4 ,3 4 9 78
.a,:..

Surplus on par value, $1,182,079.06.

CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
,

R E C E IP T S

Cash on hand and in banks or trust com panies January 1,
1916, before transactions o f the d a y . ............................................
From depositors, n ot including dividends cred ited .....................
F rom interest on loans, deposits and in vestm ents........................
F rom rents from banking h ou se.........................................................
From rents from other real e s ta te ....................................................
F rom m ortgages .........................................................................................
From redemption o f stocks and b on d s............................................
F rom real estate s o ld ................................................................................




$711,468
1 ,1 5 1 ,5 8 6
372,218
2 ,8 9 5
3 ,5 6 9
298,479
53 ,28 8
29,319

61
05
44
00
45
08
32
20

$ 2 ,6 2 2 ,8 2 4 15

[286]

S u ff o l k C o u n t y

287

PAYM EN TS

T o depositors, including dividends paid to th em .............................
F or loans on bonds and m ortga ges......................................................
F or stocks and bonds purchased, in cluding premiums, com ­
m issions, etc. (to ta l par value, $ 6 0 ,2 0 0 )......................................
F or interest (oth er than dividend paym ents to d e p o s ito r s ). . .
F or current expenses o f the bank, v iz .:
F or salaries ...........................................................................
F or t a x e s :
Banking house, $1,298.26 ; surplus,
$11,089.88; on mortgages, $1,737.25.....................................
F or expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Other ................................................................................
F or expenses o f other real estate, v i z .:
Repairs .............................................................................
Insurance ........................................................................
Taxes .........................................................•
......................
Other ................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$927,607 52
6 97,504 67
62 ,60 9 70
567 73

$15,262 85
14,125 39
293 41
2,081 03
902
125
1,641
491

20
37
53
21

2,658 21

37,581 20
F o r real estate acquired by foreclosure, or in settlem ent o f
debts due the bank........................................ .......................................
Cash on hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y ...............................................

19,696 25
877,257 08
$ 2 ,6 2 2 ,8 2 4 15

S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917......................................
9,498
N um ber o f accounts opened or reopened during the y e a r .........
1,061
Number o f accounts closed durin g the y e a r ..................................
704
A m ount deposited during the year, n ot in cluding dividends
credited fo r that p e rio d ..................................................................... $ 1 ,1 5 1 ,5 8 6 05
A m ount w ithdraw n durin g the y e a r .................................................
927,607 52
A m ount o f dividends credited and paid fo r the year, viz.:
July 1, 1916...............................................................................

$122,688 66

J a n u a r y 1, 1917................................................................................................

127,016 79

Average am ount o f each account January 1, 1917......................
R a te per cent, o f dividends to depositors during the six months
ending June 30, 1916............................................................................
R a te per cent, o f dividends to depositors during the six months
ending December 31, 1916...................................................................
T o ta l earnings o f the bank for the year 1916, after allow in g
fo r am ortization o f premiums and d iscou n ts...............................
T ota l expenses o f the hank fo r th e year 1916.................................
D ividends paid to depositors fo r the year 1916...........................
N e t earnings fo r the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




249.7 0 5 45
679 16
4 and 4 %
4 and 4 %
$370,756 48
39,319 63
249.705 45
81,731 40

288

R eport on S avin g s B a n k s
12 1 .

SAG H ARBO R SA V IN G S B A N K , SA G H ARBO R

[M ain stre e t; incorporated 1860]
H E RVEY T. HEDGES, President.
E V E R E T T L. T IN D A LL , Treasurer.
WM. R. REIMAN, Vice-President.
JOHN Y. CORWIN, Asst. Treasurer.
C LIFFO R D J. FOSTER, Vice-President.

TR U STE E S
JOHN H. HUNT,
H E R V E Y T. HEDGES.
OLIV E R H. NICKERSON,
HENRY F. COOK.
W IL L IA M C. GREENE,
E V E R E T T L. TIN DALL,
W IL L IA M R. REIM AN,
OLIN M. EDW ARDS,
JOHN Y. CORWIN,
CASPER SCHAEFER,

JOHN M. WOODWARD,
BURTON D. CORWIN.
ED. B. H ILL,
FR AN K W. CORWIN,
ADDISON M. COOK,
ED W AR D A. HILD R E TH ,
W IL L IA M D. HALSEY,
EDGAR A. H ILD R E TH ,
C H ARLES W. RACKETT,

CHAS. W . R A C K E TT . J*.,
H E N R Y .SCHWBNK,
J. Hi M ULFORD,
NELSON C. OSBORNE,
JONATHAN .BAKERi,
W IL L IA M H. PIERSON,
BENJi F. ROGERS,
C L IFF O R D J. -FOSTER,
WM. H. BARNES.
J. H E R V E Y TOPPING.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges................................................................................ $ 1 ,4 1 2 ,9 7 5 00
Stock and bond investm ents, v iz .:
P ar
value
$151,000 00
65,000 00
25,000 0!)
24,000 00
46,200 00
100,400 00
190,000 00

O riginal
Estimated
cost
m arket v a lu e
$152,640 00
$160,661 30
62,590 00
67,363 81
24,850 00
26,706 00
23,440 00
25,368 00
45,483 50
45,720 00
110,245 00
107,847 28
195,562 60
170,280 00

$600,600 00

$627,991 39

S to c k s and b on d s

Cities in other S tates............
Cities in this S tate...............
Counties in this State..........
T ow ns in this S tate..............
V illages in this S tate..........
School districts in this State
R ailroad m ortgage b o n d s ...

$589,73500

589,735 00
Banking house and lot, book value, $32,500; cost, $47,515.56;
actual cash v a lu e ..................................................................................
Other real estate, book value, $109,522.57; cost, $111,358.52;
actual cash v a lu e .......................................... ........................................
Cash on deposit in banks or trust com panies..................................
Cash on h an d ..............................................................................................
Total o f collectible in terest.....................................................................
Am ount o f all other assets, v iz .:
Taxes advanced ...................................................................
Insurance premiums advanced........................................
Rents accrued ........................................................................

32 ,50 0 00
109,522
251,298
17,181
3 6 ,3 3 9

$8.787 33
1,515 50
43 75

57
07
83
74

5 ,3 4 6 58
$ 2 ,4 5 4 ,8 9 8 79

L IA B IL IT IE S

A m oun t due depositors, v iz .:
P rincipal ............................................... ................................ $2,180,394 94
Dividends credited or to be credited fo r the six
41,180 45
m onths ending w ith December 31, 1916......................

------------------ $ 2 ,2 2 1 ,5 7 5 39
233,323 40
Surplus on m arket v a lu e ................................................. ....................
$ 2 ,4 5 4 ,8 9 8 79
Surplus on par value, $244,188.40.
C ASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ...............................................
F rom depositors, n ot including dividends cred ited ......................
F rom interest on loans, deposits and investm ents......................
From rents from banking h ou se..........................................................




$212,059
423,502
105,941
1 ,096

42
18
60
73

S uffolk Co un ty
rents from other real esta te.....................................................
m ortga ges.........................................................................................
redemption o f stoeks and b on d s...............................................
real estate s o ld ..............................................................................
a ll other sources, v iz .:

Insurance premium advanced..........................................
Taxes advanced .....................................................................
Deficiency judgm ent ...........................................................
Redemption o f judgm ents against the State o f New
York .................................................................................

$799
102,615
16,700
1,225

§s§§

F rom
F rom
From
F rom
F rom

280

$350 24
291 22
30 00
5,983 66

6 ,6 5 5 12
$870,594 05
PAYM EN TS

T o depositors, including dividends paid to th em .........................
F or loans on bonds and m ortgages...................................................
F or interest (oth er than dividend paym ents to d e p o s ito r s ). . .

$351,515 63
171,550 00
191 52

For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or ta x e s : Banking house, $639.33; surplus, $2,085.79;
on mortgages, $660.50.........................................................
F or expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Insurance ..........................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs .............................................................................
Insurance ..........................................................................
Taxes...................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$4,880 00
3,385 62
661 19
15 93
327 00
1,050 78
160 90
2,646 48
169 31
1,622 61

14,819 82
F or real estate acquired by foreclosure, or in settlem ent of
debts due the b a n k ..............................................................................
Other paym ents, viz:
Insurance premium advanced............................................
Taxes advanced ..................................................................

58,667 95

$1,620 55
3,748 68

5 ,3 6 9 23
Cash on hand and in banks or trust com panies December 31,
1916, after transactions o f the d a y .................................................

268,479 90

$87075905 •
S T A T IS T IC A L IN F O R M A T IO N
=
Number o f open accounts January 1, 1917....................................
N um ber o f accounts opened or reopened during the y e a r .........
N um ber o f accounts closed du rin g the y e a r .................................
Am ount deposited during the year, n ot including dividends
credited fo r th a t p e rio d .......................................................................
A m ount w ithdraw n during the y e a r...................................................
A m ount o f dividends credited and paid for the year, viz.:
July 1, 1916............................................................................
January 1, 1917.......................................................... .............

10

$423, 502 18
351,515 63

$39,761 47
41,180 45

Average am ount o f each account January 1, 1917......................
R ate per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
R ate per cent, o f dividends to depositors during the six months
ending Decem ber 31, 1916........... ....................................................
T ota l earnings o f the bank fo r the year 1916, after allow ing
fo r am ortization o f prem ium s and discou n ts.............................
T ota l expenses o f the hank for the year 1916.................................
D ividends paid to depositors fo r the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid t o d ep ositors................................................................................




4 ,3 2 0
417
318

80,941 92
514 25
4
4

$ 110,668 68
14,819 82
,80 941 92
14,906 94

290

R eport o f S avin g s B a n k s
122.

THE SOUTHOLD SAVINGS BANK, SOUTHOLD

[M ain stre e t; incorporated 1858]
H EN RY W. PRINCE. President.
F R E D E R IC K K. TE RR Y , Asst. Treas.
CLARENCE C. M ILE S, V ice-President.
R EN SSELAER G. T E R R Y , A sst. Treas.
H. HOW ARD HUNTTING, Treasurer.

TR U ST E E S
F R E D E R IC K K. TE R R Y ,
CHAS. G IL D E R SLE E V E ,
HENRY W. PRINCE,
W IL L IA M A . F LE E T ,
H. HOW ARD H UNTTING. F R AN K LIN F . OVERTON,
A BRAH AM F . LOW B R R E , GEORGE H. T E R R Y ,
W IL L IA M H. TE RR Y ,
JOHN J. B A R T L E T T ,
JOSEPH N. HALLOCK,

CLARENCE C. M ILE S,
JOHN H. BROWN.
E DW ARD W . LATH AM ,
JO SIA H C. CASE,
R A L P H G. DU VALL,
GEORGE V. PRESTON.

F IN A N C IA L
RESOURCES

Bonds and m ortga ges.............................................................................. $ 3 ,6 7 8 ,5 0 6 63
Stock and bond investm ents, v iz .:

S ck a d h n s
to s n a d
Cities in other States............
Cities in this S tate...............
Tow ns in this S tate..............
V illages in this S tate..........
School districts in this State
R ailroad m ortgage b o n d s ...

Par
value
$61,000 00
255,500 00
293,184 44
739,903 25
350,682 00
75,000 00
$1,775,269 69

O riginal
Estimated
cost
market value
$64,371 18
$65,400 00
271,858 41
258,885 00
311,237 13
296,557 45
768,173 28
757,466 91
369,505 60
362,988 32
76,812 60
74,000 00
$1,861,958 10

$1,815,297 68

1 ,8 15 ,2 9 7 68
Banking house and lot, book value, $14,500; cost, $22,184.16;
actu al eash v a lu e..................................................................................
Other real estate, book value, $76,725.84; cost, $91,705.37;
actual cash v a lu e .................. ...............................................................
C a d i on deposit in banka or trust com panies.................................
Cash on h a n d .............................................................................................
T o ta l o ! collectible in terest...................................................................
A m ount o f all other assets, v iz .: Insurance premiums and
taxes advanced............................................... .......................................

1 4,500 00
7 7 ,66 6
346,591
4 6 ,0 0 4
66 ,50 9

59
57
52
21

816 69
$ 6 ,0 4 5 ,8 9 2 89

L IA B IL IT IE S

- .. — .....- ............

A m o u n t due depositors, v iz . :
P rincipal ................................................................................ $6,073,590 45
Dividends credited o r to be credited fo r the six
m onths ending w ith December 31, 1916......................
102,307 94

------------------ $ 5 ,1 7 5 ,8 9 8 39
Surplus on market v a lu e .........................................................................
869,9 9 4 50

Surplus on par value, $829,966.51.

$ 6 ,0 4 5 ,8 9 2 89
........... '2
=,=====z

CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
BEOEIPTSf

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ...............................................
F rom depositors, n ot including dividends cred ited.........................
F rom interrat on loans, deposits and investm ents......................
F rom rents from b ankin g h ouse..........................................................
F rom rents from oth er real esta te .......................................................
F rom m ortgages...........................................................................................
F rom redemption o f stocks and b on d s...............................................
F rom real estate s o ld ..............................................................................
F rom a ll other sources, v iz .: Insurance prem ium and taxes
r e f u n d e d ......... ..........................................................................................




$462,518
765,782
278,738
104
3 ,7 9 8
2 33,623
89 ,52 8
8 ,1 5 0

24
08
73
00
95
37
05
00

1 ,216 48
$ 1 ,8 4 3 ,4 5 9 90

291

S u ffolk C ounty
PAYM EN TS

T o depositors, including dividends paid to th em ...........................
F o r loans on bonds and m ortga ges...................................................
F o r stoeks and bonds purchased, including prem ium s, com ­
m issions, etc. (to ta l par value, $ 1 4 8 ,5 0 0 )..................................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
F o r current expenses o f the bank, v iz .:
F o r salaries ..................................
F or ta x e s : Banking house, $262.89; surplus, $7,936.92;
on mortgages, $2,908.50......................................................
F or expenses, except taxes, o f banking h o u se :
R epairs ...................
F or expenses o f other real estate, v i z .:
Repairs .............................................................................
Insurance ..........................................................................
Taxes ................................................................................
F o r other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$619,967 68
632,6 0 0 00
154,849 63
1,294 60

$10,976 00

11,097 31
166 73
2,622 92
171 78
1,983 01
3,483 62

-------------------------------------- 30,501 37
F o r real estate acquired b y foreclosure, o r in settlem ent o f
debts due the ba n k ................................................................................
10, 358 99
Other paym ents, v iz .:
Insurance prem ium s and taxes
advanced ...................
1,291 54
Cash on hand and in banks o r tru st com panies December 31,
1916, after transactions of. the d a y .............................................
392,596 09
$ 1 ,8 4 3 ,4 5 9 90
S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts January 1, 1917......................................
N um ber o f accounts opened o r reopened durin g the y e a r ...........
Number o f accounts closed during the y e a r ....................................
A m ount deposited during the year, n ot including dividends
credited fo r th at p e rio d .....................................................................
A m oun t w ithdraw n d u rin g the y e a r ...................................................

6 ,7 2 0
664
337
$765,782 08
619,967 68

Amount of dividends credited and paid for the year, viz.:
Ju ly 1, 1916...............................................................................
January 1, 1917........................................................................

$98,676 87
102,307 94

A verage am ount o f each accou n t January 1, 1917....................
R ate per cent, o f dividends to depositors during the six months
ending June 30, 1916...........................................................................
Rate per cent, o f dividends to depositors durin g the six months
ending December 31, 1916...................................................................
T ota l earnings o f the bank fo r the year 1916, after a llow in g
fo r am ortization o f prem ium s and d iscou n ts...........................
T ota l expenses o f the bank fo r the year 1916...............................
D ividends paid t o depositors for the year 1916.............................
N et earnings fo r the year 1916 over expenses and dividends
paid to dep ositors..................................................................................




2 00.984 81
770 22
4 and 4%
4 and 4 %
$280,737 11
30,501 37
2 0 0 .9 8 4 81
4 9 ,2 5 0 93

R eport on S avin g s B a n k s

m

123.

THE UNION SAVINGS BANK OP PATCHOGUE, PATCHOGUE

[O cean aven ue; incorporated 1896]
JOSEPH BA ILE Y. President.
W A L T E R S. ROSE. Secretary.
W IL L IA M A. HULSE, Vice-President.
E. JOH AN KN ECH T, J b ., A sst. Secy.
EMERSON G. T E RR E LL. Vice-Pres.

TR U STE E S
W A LTE R H. JAYCOX,
JOSEPH BA ILE Y,
EMERSON G. TERR E LL,
A R TH U R H. TERRY,
NELSON MCBRIDE.
M ILTON G. W IGGINS,
ALDEN J. WOODRUFF.
GELSTON G. ROE.

GEORGE Bu HOW ELL,
W IL L IA M A . HULSE,
JO SIA H ROBBINS,
W IN F IE L D S. BENNETT,
JOHN T. DARE,
R A LP H B. DAYTON,
E. EUGENE HAW KIN S,
E. JOHANKNECHT, J b .,
FRANCIS GERBER,

JACOB OCKERS.
JU LIU S HAUSER.
ROBT. S. P E LLE TRE A U ,
AR TH U R M. SW EEZKY,
JOSEPH T . LOSEE,
R IL E Y P. H OW ELL,
W A L T E R S. ROSE.
JOHN J. ROE.

F IN A N C IA L
RESOURCES

Bonds and m o r tg a g e s .......................
Stock and bond investm ents, viz.:
Par
value
$30,000 00
133,000 00
136,000 00
25,000 00
16,900 00
219,650 00
150,500 00
215,000 00

S to c k s an d bon d s

State o f New Y ork...............
C ities in other States.......... .
Cities in this State...............
Counties in this S tate..........
Tow ns in this S tate........
Villages in this S tate..........
School districts in this State
R ailroad mortgage b o n d s ...

$926,050 00

$ 2 ,0 3 2 ,7 2 4 00
Original
Estimated
cost
market value
$32,175 00
$34,80000
139,886 86
140,95000
140,673 05
141,51750
26,687 50
27,50000
17,715 03
17,99850
226,786 86
226,39175
152,964 93
155,58775
222,284 55
218,22000
$959,173 78

$962,965 50

062,965 50
Banking house and lot, book value, $39,500; cost, $42,607.01;
actual cash v a lu e...................................................................................
Cash on deposit in banks or tru st com panies...............................
Cash on han d........................................................................................... ..
T ota l o f collectible in terest...................................................................
Am ount o f all other assets, v iz .: Insurance prem ium and
taxes advanced.........................................................................................

3 9 ,50 0
323,427
48,337
31,188

00
33
27
53

788 89
$ 3 ,43 8 ,9 3 1 52

L IA B IL IT IE S

A m ount due depositors, v iz .:
P rincipal ..................................................................................$3,084,219 48
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1916......................
57,58) 84

-------------- — $ 3 ,1 4 1 ,8 0 9 32
Surplus on market v a lu e.........................................................................
297,122 20
$ 3 ,4 3 8 ,9 3 1 52
Surplus on par value, $260,206.70.*
= ■ r:— =======
.. ...
CASH TR A N SA C TIO N S D U R IN G TH E Y E A R 1916
R E C E IPTS

Cash on hand and in banks or tru st com panies January 1,
1916, before transactions o f the d a y ......................................
From depositors, not including dividends cred ited ........................
F rom interest on loans, deposits and investm ents......................
F rom m ortgages...........................................................................................
F rom redemption o f stocks and b on d s...............................................
F rom real estate s o ld ..............................................................................
F rom all other sources, v iz .:
Insurance premium repaid.................................................
Judgments against State o f New Y ork ...........................

Taxes repaid ..........................................................................




$215 50
4,991 58
319 33

$260,844
868,509
162,695
203,435
2 5 ,15 0
12,473

16
17
85
00
00
21

5,520 41
$1,538,533 80

293

S u f f o l k C o u n ty
PA YM E N TS

To depositors, including dividends paid to th em .........................
F or loans on bonds ancl m ortga ges.....................................................
F or stocks and bonds purchased, in cluding premiums, com ­
missions, etc. (to ta l par value, $ 1 4 6 ,0 0 0 ).................................
F or interest (other than dividend paym ents to depositors) . . .
F o r current expenses o f the bank, viz.:
F or salaries ...........................................................................
For ta x e s: Banking house, $666.01; surplus, $2,338.84.
F or expenses, except taxes, o£ banking h o u se :
Repairs .............................................................................
F or expenses o f.o th e r real estate, v iz .:
Repairs .............................................................................
Taxes ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$644,065 07
358,300 00
147,219 78
1,391 94

$9,374 81
2,90285
26 75
9 63
113 42
2,532 03

-------------------------------------- 14,959 48
Other payments, v iz .:
Taxes advanced ...................................................................
Insurance premiums advanced.........................
45

$787 93
00

-------------------------------------- 83293
Cash on hand and in banks or trust companies December 31,
371,764 60
1916, after transactions of the d a y ..............................................
$ 1 ,5 3 8 ,5 3 3 80
S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1917......................................
Number o f accounts opened or reopened during the y e a r.........
Number o f accounts closed during the y e a r......................................
Am ount deposited during the year, not in cluding dividends
credited fo r that p e rio d ......................