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Wo. 6

le g is la tiv e Document

STATE OF NEW YO R K

ANNUAL REPORT
OF THE

Superintendent

of

Banks

R E L A T IV E T O

Savings Banks, Trust Companies,
Investm ent Companies, Safe Deposit
Companies, Personal Loan Companies
and Personal Loan Brokers
For the Year Ending December 31, 1918




ALBANY
J. B. LYON COM PANY, PRINTERS




STATE OF NEW YO RK
B a n k in g D e p a r tm e n t

To the Legislature:
S ir s .— In accordance with the provisions c f the Banking Law,

I have the honor to transmit the annual report o f this Department
relating to savings banks, trust companies, investment companies,
safe deposit companies, personal loan companies and personal
loan brokers.
V ery respectfully yours,
G E O R G E I. S K IN N E R ,
Superintendent o f Banks.
A l b a n y , N . Y ., March 14, 1919.







REPORT

Wo the Legislature:
In accordance with the provisions o f the Banking Law, I
submit that portion o f the annual report o f this Department
which relates to savings banks, trust companies, investment com­
panies, safe deposit companies, personal loan companies and
personal loan brokers.
A t the beginning o f the year when the part o f m y report
relating to banks, private bankers and the general work o f this
Department was transmitted, the only recent reports o f the banking
institutions o f this State available were the reports o f State banks,
trust companies and private bankers as o f N ovem ber 1, 1918
and, it appeared from such reports that from Novem ber 1 4 ,1 9 1 7 ,
to November 1,1918 , the resources o f the State banks had increased
from $932,437,232 to $1,020,241,730 or $87,804,498; that the
resources o f such private bankers as are under supervision had
increased from $15,505,206 to $19,670,503, or $4,165,297 and
that the total resources o f the trust companies o f the State had
increased from $3,164,170,014 to $3,221,371,809, or $57,201,79‘5,
m aking a total gain fo r the three classes o f banking institutions
o f $149,171,590. The reports submitted by all other classes o f
institutions subject to the supervision o f this Department as o f
the close o f business on December 31, 1918, are now at hand and
it is interesting to note the very general increase in the reported
resources o f these institutions notwithstanding the adverse con­
ditions which have resulted from the entry o f this country into
the war and the extraordinary strain placed upon the banking
resources o f the country as the result o f the efforts made to finance
the N ational Government.
From these latter reports, it appears that from January 1,
1918, to January 1, 1919, the total resources o f the savings banks
increased from $2,165,939,081 to $2,231,461,928 or $65,522,847;
that the resources o f the investment companies increased from
$55,079,104 to $95,400,400, or $40,321,296; that the resources
o f the safe deposit companies increased from $9,855,546 to




6

A nnual R eport

of th e

$10,406,332 or $550,786; that there was a decrease in the
resources o f the personal loan companies and personal loan
brokers from $1,022,331 to $1,001,873, or $20,458; that the
reported resources o f the savings and loan associations increased
from $86,072,829 to $89,017,871 or $2,945,042; that there was
a decrease in the resources o f the Land Bank o f the State o f N ew
Y ork from $757,932 to $667,662 or $90,270, and that there
was an increase in the resources o f Credit U nions from $465,367
to $568,034 or $102,667.
A ccording to their last reports, therefore, the total resources
o f all the institutions directly subject to the supervision o f this
Department amounted to $6,691,915,053, a net increase fo r the
year 1918 o f $258,417,900.
A ccording to reports from the Com ptroller o f the Currency,
the resources o f the N ational Banks o f the State o f N ew Y ork
increased from November 20, 1917, to Novem ber 1, 1918, from
$4,955,967,000 to $5,079,146,000, or $123,179,000.
A ccording to the Com ptroller’s report as o f Decem ber 2, 1918,
the resources o f the N ational Banks o f the U nited States on
Novem ber 1, 1918, had reached the unprecedented amount o f
$19,821,404,000, the highest point since the establishment o f
the N ational banking system.
The above figures indicate that, according to their last reports,
the resources o f the institutions incorporated under the Banking
Law o f this State exceeded by $1,600,000,000 the resources o f all
the N ational Banks o f the State and were more than one-third as
much as the resources o f all the N ational Banks in the U nited
States.
These figures demonstrate the extent to which the banking
system o f this State has been adapted to the needs o f its people,
its business and commerce and the confidence that it has inspired.
They are all the more noteworthy when we consider the various
measures passed, recently pending or proposed at W ashington for
the avowed purpose o f enabling N ational banks to compete with
State banking institutions and the discrim ination that in certain
quarters is being exercised against State banking institutions.
Advantage has been taken o f the Federal adm inistration o f rail­
roads to order their deposits with State institutions whose sol-




SuFEBIHTENDENT OF BAN K S

i

veney could not be questioned, removed to N ational Banks. This
was done in one case, although the president o f the railroad was
a director o f the institution from which its deposit was removed
and in another case although the railroad was heavily indebted to
the State institution fo r advances made to it.
I do not believe that the N ational banking system needs so
much paternalism and avowed protection. In fact, it m ay be
questioned i f the N ational Banks do not really suffer from so
many alleged and w idely advertised attempts to prom ote their
interests. In this State, at least, the N ational Banks are able to pro­
tect themselves and are worthy o f the utmost confidence and respect.
N ational and State institutions have constantly and consistently
co-operated to prom ote the general w elfare and during the W ar have
united in giving patriotic support to the N ational Government by
financing the various Liberty loans. They have whenever neces­
sary, taken concerted action fo r the purpose o f prom oting and
sustaining the business and commerce o f the State and o f the
entire country. W hen left to themselves, there is no quarrel
between them.
The N ational Banking A ct was designed to give to the U nited
States a uniform system o f com m ercial banks adapted to the
needs o f every part o f the country. In order to distinguish them
from State institutions and give them the advantage o f such
reputation as they m ight earn, they were given the exclusive
right to the use o f the word “ N ational.” They were also given
the power to issue currency secured by bonds o f the N ational
Government upon profitable terms, and the State Banks, by pro­
hibitive taxation, were compelled to forego the privilege o f issuing
currency. So well have the N ational Banks fulfilled the purposes
fo r which they were designed that the name N ational Bank is in
itself an advertisement. It has become a title o f honor, descrip­
tive throughout the U nited States o f uniform and well-defined
banking institutions and the N ational Banks m ight to-day well
resent the theory that they need such constant solicitude and
assistance from official sources.
In the meantime, however, in various sections o f the country,
State institutions have been developed to meet the special busi­
ness and com m ercial needs o f different localities. Their special




8

AamuAi. R epost

of the

powers, however, are attended by special risks and safeguards
against such risks have, as the result o f experience, teen em bodied
in th e State laws which cannot fee readily inserted in Federal A ets
applicable to the entire country. A s the N ational Banks were
intended to be strictly com m ercial banks, they were prohibited
from making long term loans upon real estate security and they
did not solicit th e small deposits o f industrious laborers and
wage-earners o f other classes o r pay interest thereon. A s a con­
seq u en t, m utual savings hanks have been developed in the north­
eastern and m iddle states to encourage th rift by investing the
small savings o f th e poor fo r them and returning to them the
profits derived from such investments after deducting expenses
and so much o f the earnings as is deemed necessary to guarantee
the safety o f deposits during periods o f depression. In order that
their deposits m ight be safely used fo r the development o f the
com m unities in which the funds were accumulated, the trustees
o f these mutual institutions were origin ally authorized to invest
in high grade mortgages. They w ere also authorized to invest in
bonds o f the U nited States, o f the wealthiest and most populous
states and in very high grade m unicipal securities. The system
was developed to such an extent that further investments became
necessary and the savings hanks were authorized to assist in the
development o f the entire country by investing a portion o f their
deposits in the high grade railroad bonds. The laws under which
these mutual savings banks have operated are so restrictive and
the system o f supervision evolved has been so efficient that,
although the mutual savings banks o f the State o f N ew Y ork
alone now have total resources o f $2,231,461,928, in a period o f
nearly forty years, only three savings hanks have been closed by
the Superintendent o f Banks with any loss to depositors and
such losses whoa com pared with the vast amount o f deposits
received and returned during that period are o f course almost
infinitesim al.
I t would fee im possible to estimate their im portance in devel­
oping the real estate resources o f the State. Their present
outstanding mortgages aggregate $1,104,068,865.
M utual building and loan associations, or savings and loan
associations, as they are now termed in this State, have been




S uperintendent

of

B anks

9

developed lo r the same general purpose and have been especially
designed to prom ote the building o l homes fo r their members and
to care fo r the sav in p o f an even less prosperous class o f wageearners than those which have so liberally patronized the savings
banks. P ractically all the funds accumulated by them are
invested in real estate mortgages.
In the wealthier and more populous states, especially in thosi.
in which it became necessary to organize large corporations to
promote manufacture, to engage in great commercial enterprises
and to meet other industrial needs, the advantages o f corporate
trusteeship became evident. The power to act in a fiduciary
capacity was conferred upon corporations organized under the
laws o f different states, such com panies generally becom ing known
as trust companies, and, as their strength and stability was
demonstrated, they were in many S ta te authorized to receive
general deposits and to engage in com m ercial banking. In this
State, in the last forty years, only fou r such institutions have
been closed by the superintendent o f banks w ith any loss what­
ever to general creditors and even the fou r failed institutions
repaid trust deposits in fu ll.
The development o f State financial institutions to meet special
needs not provided fo r by the N ational Bank A ct or the Federal
Reserve A ct still continues and w ithin the last few years the
investment com pany article o f our Banking Law has been so
amended as to provide fo r the organization o f an entirely new
type o f institution intended to promote international commerce
and to m aintain the position o f this country in connection with
foreign trade that has been rendered possible by the European
W ar.
These institutions w ill place at the disposal o f our merchants
and manufacturers the same facilities which have been extended
to English and German merchants and m anufacturers by the
D iscount Companies and International Banks o f those countries.
The stock o f the oldest o f these corporations is, I believe, held
entirely by N ational Banks and the great increase in the
resources o f the investment companies o f the State is very largely
due to the organization and rapidly increasing business o f such,
corporations.




10

x nnual
V

R epoet

op the

It is not surprising, in view o f the extension o f Federal con­
trol over various classes o f business and industry as a result o f
the necessities o f the war, that the attention o f the advocates o f
centralization and Federal dom ination should be attracted by the
prosperity and success o f State banking institutions. In their
desire to bring under Federal control all classes o f banking insti­
tutions, they seem, in the first instance, to have conceived the
idea o f conferring all the m ultifarious powers o f the different
classes o f State institutions in all the States upon N ational Banka
and to create a Federal system o f department banks into which
all banking institutions would be ultim ately driven. Such a
bank would rather closely resemble one o f our great department
stores. A patron could go to one department fo r the transaction
o f com m ercial business; to another department to make his invest­
ments in bonds; to another department fo r trust business. H e could
deposit money not needed fo r immediate use in a savings depart­
ment ; another department would provide him with loans upon
real estate mortgages and, in tim e, there m ight even be added a
department corresponding to the M orris Plan Companies or
Personal Loan Companies o f this State to which the needy
borrower m ight resort to escape from the exactions o f the loan
sharks and transact the business now done by such companies.
This trend has met with so much opposition and it is so im pos­
sible to create a uniform type o f banking institution which would
at one and the same tim e be adapted to all the financial and com­
m ercial needs o f all the different states that the scheme seems to
be tem porarily abandoned. A b ill, however, was pending before
the last Congress which, under the guise o f enabling the Treasury
Department to supervise the export o f savings, w ould have enabled
the Treasury Department to supervise the business o f any indi­
vidual or corporation seeking to transm it money abroad in sums
o f less than one hundred dollars. Such a b ill would make possible
endless federal interference with the business o f corporations and
individuals transm itting money to foreign countries at a tim e
when in order to prom ote foreign trade and commerce and to
m aintain and strengthen frien d ly international relations, the
transmission o f money to foreign countries ought to be made as
easy as practicable.




S uperintendent

of

B anks

11

The proposed N ational excursions into fields which have here­
tofore been left entirely to State banking institutions have, more*
over, not been abandoned but m odified. A ccording to some recent
recommendations emanating from W ashington, w hile the plan
fo r uniform nation-wide department banks has been tem porarily
abandoned, State institutions are not to be left to exercise their
special powers without com petition. Encroachments upon their
special powers are to be authorized and legalized even i f it is
necessary to destroy the uniform ity now existing in the N ational
banking system.
I f these later theories be enacted into law, whenever a State
has conferred upon any o f its financial institutions the power to
act in a fiduciary capacity, the N ational banks o f that State w ill
also have these powers, even i f their exercise is not safeguarded
in like manner. If. in any State the State banks are per­
m itted to have branches, the N ational Banks w ill in that State
also be perm itted to maintain branches. I f in any State there
has been created a great system o f mutual savings banks, in that
State the N ational Banks, although not mutual but operated fo r
the profit o f shareholders, w ill be authorized to call their interest
departments savings departments, and so appropriate the word
which has fo r a generation or more been synonymous in this
State with mutual institutions created under State laws. These
deposits moreover w ill not be segregated nor w ill the entire net
income from investments be distributed among the depositors.
The result o f continued encroachments upon the special powers
o f State banking institutions would, in m y judgm ent, be more
detrimental to the N ational Banks and the N ational banking system
than to the State institutions fo r the reputation o f the State insti­
tutions, in their own peculiar provinces is so w ell established and
the confidence o f the people in them is so great that they do not
need protection from com petition, while the N ational Banks would
lose their greatest advertisement, which is derived from their title
and distinctive character and results from the understanding that
the system is uniform and that the title means practically the
same thing throughout the U nited States. Instead o f having
a uniform system o f N ational Banks consisting o f strictly
com m ercial banking institutions
and needing no other
definition than the name, we would have heterogeneous




12

A nn ual R eport

op t h e

varieties o f hybrid institutions o f as m any kinds perhaps as
there are State; or possibly o f as many types as there are
classes ol, State banking institutions in all the States.
There
w ould be a certain uniform ity o f banking institutions w ithin
State boundaries but an entire lack o f uniform ity throughout
th e nation.
The - N ational Banks o f the State o f N ew Ym k
would certainly differ as w idely from the N ational Banks o f the
State o f Nevada o r the State o f Oklahoma as the State banking
institutions o f N ew Y ork differ from the State tan kin g institu­
tions organized under the laws o f those States.
T ru st C o m p a n ie s

The trust companies are the first institutions o f this State to
I© affected by the determ ination upon the part o f the Federal
authorities to confer the distinctive powers and privileges o#
State institutions upon national banks and to subject State insti­
tutions to as m uck com petition as possible in th eir special spheres.
The success o f the trust com panies has been so great as to induce
many national banks to undertake the exercise o f trust powers,
together with such few burdens as the Federal Reserve A ct has
im posed upon them, and over fifty N ational Banks o f the State
have already been authorized by the Federal Reserve Board to
exercise such powers. There does not appear, however, to be any
dim inution in th e prosperity o f the trust com panies and since the
threat o f com petition along their own special lin es has been ren­
dered effective, the largest N ational Bank in the State outside
o f N ew Y ork city has been converted into a trust com pany and
the oldest N ational Bank in the State has been consolidated w ith
a trust company.
I t has taken years fo r the trust com panies o f the Stateto acquire
the reputation they have achieved and to create the confidence in
corporate trusteeship o f which they are now enjoying the results
T heir unrivalled record in the care o f trust fu n ds is not the con­
sequence o f such m inor safeguards as have been inserted in the
Federal Reserve Aet, but o f the provision in the Banking Law
under which they are com pelled to invest their entire capital
stoek in especially high grade securities and o f the fu rth er p ro­
vision o f that statute that trust fu n ds on deposit with a trust
com pany must be preferred in case o f liquidation.




S uperintendent

op

13

B anks

R esources a n d L ia b il it ie s of T rust C o m p a n ie s as R eported

The follow ing table contains a summary statement o f the
resources and liabilities o f the trust companies reporting to the
Banking Department on the dates specified during the year 1918:
Rebotocbs

Stock and brad investments viz.:
Public securities.........................................
ftwate securities........................................
Real estate owned..........................................
Mortgages owned..........................................
loans and discounts secured by bond and martgage, 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...........................................................
Other currency authorized by the laws of the
United States.............................................
Gash items, viz.; Bills and eheoks for the next
day’s clearings; other cash items..................
Due from the Federal Reserve Bank of New
York, less offsets........................................
Customers’ liability on acceptances (per eontra,
see lkbilitkfi)............................................
Other assets.................................................
Add for cents.................................................

Statement of
condition
Mar. 14,1918

Statement of
condition
June 20,1918

Statement of
condition
Sept. 10,1918

Statement of
condition
Nov. 1,1918

1488,785,222
366,829,467
48,273,660
95,204,667

$371,916,792
349,365,702
49,906,448
95,970,711

13,460,801
874,233,852

13,098,615
826,489,706

13,823,336
11,809,848
•847,217,133 1,042,921,704

542,463,542
530,320
166,690,367
26,245,565

617,745,286
1,108,111
155,991,700
18,908,765

578,585,003
467,920
141,600,583
15,794,369

521,322,959
476,467
155,108,006
13,874,275

22,252,494

27,478,997

29,578,034

28,233,821

41,162,661

50,754,243

74,639,077

77,510,741

208,011,078

213,501,065

192,440,817

192,033,330

115,989,104
93,871,216
52

118,055,047
134,855,222
45

110,686,511
139,121,128
47

129,024,536
156,836,330
51

$500,397,668
338,065,692
49,987,001
94,259,570

$413,221,939
335,721,543
49,899,150
93,377,100

Total...................................................... $3,084,003,468 $3,045,236,458 $3,126,664,799 $3,221,371,809
LIABILITIES

Capital.......................................................... $115,475,200 $119,925,200 $119,032,M0 $119,932,200
.Surplus (including all undivided profits)........
182,213,087
182,267,102
185,527,025
188,886,673
Referred deposits, viz.:
Due New York State saving banks........
74,752,220
60,737,737
50,952,810
42,822,563
Due New York Stole savings and loan
associations, credit unions and land lank.
974,513
999,796
962,379
961,759
Due as executor, administrator, guardian,
receiver, trustee, committee or depositary
88,406,393
91,456,710
89,844,794
86,951,601
Deposits by the State of New York........
19,757,653
15,502,376
11,518,637
12,607,78$
Deposits by the Superintendent of Banks
of State of New York...........................
567,585
757,048
644,223
723,335
Other depositsseeured by a pledge of assets.
105,180,347
142,072,268
91,422,583 •258,722,446
Deposits otherwise preferred....................
3,514,424
6,026,659
4,408,017
10,020,60S
Due depositors, not preferred......................... 1,926,322,469 1,911,699,361 1,947,504,942 1,902,905,685
Amount due trust companies, banks and bankers
256,377,503
210,889,470
229,386,304
203,375,178
Bills payable..................................................
31,840,950
77,837,043
150,908,682
90,336,679
Rediscounts............ '......................................
64,354,241
60,102,668
83,148,697
118,211,329
Acceptances of drafts payable at a future date
or authorized by commercial letters of credit.
109,059,029
115,595,960
108,014,526
129,001,489
Other liabilities..............................................
105,207,802
40,367,015
52,398,123
55,912,529
Add for cents.................................................
52
45
47
51
Total...................................................... $3,084,003,468 $3,045,236,458 $3,126,664,790 $3,221,371,809
Total deposits......................................... $2,475,853,107 $2,440,141,425 $2,426,734,875 $2,516,751,340




14

A nnual R epoet

of th e

It w ill be noticed that there was a slight but continuous-

decrease in deposits at the close o f each period until the last,
which showed condition at the close o f business on Novem ber 1,
3918, just prior to the signing o f the armistice. It is understood
that since the signing o f the arm istice, deposits with trust com ­
panies as w ell as with other financial institutions have m aterially
increased.
W hile a number o f inform al applications fo r the organization
o f trust companies were received during the year, only one new
trust com pany was authorized to engage in business, the Italian
D iscount and Trust Company, located in N ew Y ork city, which
commenced business with a capital o f $500,000 and a surplus o f
$250,000.
The various changes in capital stock which resulted in an
increase from $115,475,200 to $119,932,200 were fu lly set forth
in the part o f this report heretofore submitted.
The follow in g table gives the names, locations, capital and
surplus o f the trust companies o f the State as o f Novem ber 1,
1918, according to their reports to this Departm ent:
N ame

and

L ocation

Capital

Surplus

Adirondack Trust Com pany, The, Saratoga Springs........
$ 100,000
$257,994
400.000
A lbany Trust Com pany, The, A lb a n y..................................
271,005
150.000
Auburn Trust Com pany, A uburn..........................................
224,503
881,550
Bankers’ Trust Com pany o f B uffalo, B u ffalo.....................
2 , 000,000
16,283,166
Bankers’ Trust Com pany, New Y ork C ity ......................... 11.250.000
1 .5 00.000
B rooklyn Trust Com pany, B rook lyn ....................................
2 ,5 18 ,2 8 3
500.000
500.000
B uffalo Trust Com pany, B u ffalo............................................
300.000
Central C ity Trust Com pany, Syracuse...............................
326,605
18,046,696
Central Union Trust Com pany, New Y ork C ity ............... 12.500.000
559.001
600.000
Chemung Canal Trust Com pany, E lm ira............................
1.250.000
1 ,3 87,993
Citizens’ Com m ercial Trust Com pany, B u ffalo..................
84,565
100,000
C itizens’ Trust Com pany, E redonia......................................
74,857
Citizens’ Trust Com pany o f Patchogue, The, Patchogue.
100,000
C itizens’ Trust Com pany o f Schenectady, N . Y ., Schenec­
241,710
200,000
tady .......................................................................................
637,509
500.000
Citizens’ Trust Com pany o f U tica, N . Y ., U tica ...............
379,601
500.000
C ity Trust Com pany, B u ffa lo.................................................
Colum bia Trust Com pany, N ew Y ork C ity ........................
5 .0 0 0 .
000 6 ,8 50 ,4 7 8
129,755
100.000
Colum bus Trust Com pany, N ew burgh.................................
500.000
Com m ercial Trust Com pany, N ew Y ork C ity ....................
123,238
112,241
C orporation Trust Com pany, The, N ew Y ork C ity ..........
500.000
54,563
Cortland Trust Com pany, C ortland......................................
200.000
113,880
100,000
C ounty Trust Com pany, The, W hite Plains.......................
1 ,558,477
1.500.000
Em pire Trust Com pany, New Y ork C ity ............................
6 000
000 14,423,971
Equitable Trust Com pany o f N ew Y ork, New Y ork C ity
52.543
100.000
Erie C ounty Trust Com pany, East A urora.........................




. .

15

bUPlRINTENDENT OF BANKS

N ame

and

L ocation

l

Capital

•

Surplus

Farm ers’ Loan and Trust Com pany, The, New Y ork C ity $5,000,000 $12,009,800
500.000
Fidelity Trust Com pany o f Buffalo, The, B u ffalo.............
525.659
1 , 000,000
Fidelity Trust Com pany, New Y ork C ity ...........................
1,283,156
500.000
447,413
Fidelity Trust Com pany, R ochester......................................
500.000
539,576
First Trust Com pany o f Tonawanda, The, Tonaw anda..
300.000
First Trust Com pany o f WellsviUe, N . Y ., The, W ellsville
41,677
1 , 000,000
Franklin Trust Com pany, B rooklyn......................................
1,170,143
500.000
Fulton Trust Com pany, New Y ork C ity .............................
643,873
Genesee Valley Trust Com pany, R ochester........................
400.000
554,487
100.000
Glens Falls Trust Com pany, Glens F alls.............................
165,040
Guaranty Trust Com pany o f New Y ork, New Y ork ........ 25,000,000
27,428,936
H am ilton Trust Com pany, B rooklyn....................................
500.000
1,0^0.657
Herkimer C ounty Trust Com pany, The, Little Falls. . . .
350.000
409.660
Hudson R iver Trust Com pany, H udson..............................
125.000
93,267
Hudson Trust Com pany, New Y ork C ity ...........................
500.000
608,277
H uguenot Trust Com pany o f New Roehelte, New Rochelle
150.000
91,575
Irving Trust Com pany, New Y ork C ity ..............................
1,500,000
1,142,015
200.000
Ithaca Trust Com pany, Ith a ca ..............................................
220,183
K ings C ounty Trust Com pany, B rooklyn...........................
500.000
2 ,705,266
100.000
26,352
Lackawanna Trust Com pany, Lackaw anna........................
Lawyers’ T itle and Trust Com pany, New Y ork C ity ___
4.000.
000 5 ,236,230
Lincoln Trust Com pany, New Y ork C ity ...........................
1 000
000
614,328
Livingston C ounty Trust Com pany, Geneseo.....................
100,000
29,619
M adison C ounty Trust and D eposit Com pany, O neida. .
182,200
187,069
1,000,000
M anufacturers’ Trust Com pany, B rooklyn.........................
785,038
M ercantile Trust and D eposit Com pany, New Y ork C ity
716,850
1 , 000,000
M etropolitan Trust Com pany, New Y ork C ity .................
2 , 000,000
4,383,175
M ontgom ery C ounty Trust Com pany, Am sterdam ..........
200,000
144,004
M ount Vernon Trust Com pany, M ount V ernon...............
200,000
217,759
M utual Trust Com pany o f W estchester C ounty, Port
Chester.....................................................................................
300.000
77,858
Nassau County Trust Com pany, M ineola...........................
100.000
142,386
New Rochelle Trust Com pany, New R och elle...................
113,714
200,000
New Y ork Life Insurance and Trust Com pany, New Y ork
C ity ...........................................................................................
1 , 000,000
4,406,406
New Y ork Trust Com pany, New Y ork C ity .......................
3.000.
000 10,769,875
Niagara Falls Trust Com pany, Niagara Falls.....................
100,000
219,680
N orthern New Y ork Trust Com pany, W atertow n............
400.000
644,787
N orthport Trust Com pany, N orthport................................
100.000
56,647
Olean Trust Com pany, O lean.................................................
100,000
27,936
Oneida C ounty Trust Com pany, U tica ................................
250.000
382,914
Ontario C ounty Trust Com pany, Canandaigua.................
100.000
106,358
Orange C ounty Trust Com pany, M iddletow n....................
100,000
226,917
Oswego C ounty Trust Com pany, F ulton.............................
100,000
62,703
Peoples’ Trust Com pany o f Bingham ton, B ingham ton...
500.000
119,093
Peoples’ Trust Com pany, The, B rooklyn ............................
1.000.
000 1,306,469
Poughkeepsie Trust Com pany, Poughkeepsie.....................
125.000
206,935
Putnam C ounty Trust Com pany, Brew ster........................
100.000
27,617
Queens C ounty Trust Com pany, Jam aica...........................
600,000
113,662
Rochester Trust and Safe D eposit Com pany, R och ester.
500.000
837,137
R ockland C ounty Trust Com pany, N ya ck .........................
68,241
100.000
Rom e Trust Com pany, R om e................................................
300.000
146^560
St. Lawrence C ounty Trust Com pany, O gdensburg.........
100.000
34,253
Salamanca Trust Com pany, Salamanca...............................
100,000
251,454
Scandinavian Trust Com pany, New Y ork C ity .................
1 , 000,000
1,879.278
Schenectady Trusl Com pany, Schenectady.........................
300.000
428,429
Security Trust Com pany o f Rochester, R ochester.............
300.000
690.353




.

.

16

A n n ual R eport

N ame

and

oe th e

Capital

L ocation

Security Trust Com pany o f T roy, The, T ro y ..................
Suffolk C ounty Trust Com pany, T he, R iverhead.............
Syracuse Trust Com pany, Syracuse......................................
T itle Guarantee m id Trust Com pany, N ew Y ork C i t y . . .
Transatlantic Trust Com pany, N ew Y ork C ity .................
T roy Trust Com pany, The, T r o y ..........................................
T rust Com pany o f Fulton C ounty, G loversville................
T rust Com pany o f W yom ing C ounty, W arsaw ..................
Trust mad D eposit Com pany o f Onondaga, Syracuse-----U nion T ru st Com pany o f A lbany, N . Y ., The, A lb a n y ...
U nion Trust Com pany o f Jamestown, Jam estown............
Union Trust Com pany o f Rochester, R och ester.. : ...........
U nited States M ortgage and Trust Com pany, N ew Y ork
C ity ...........................................................................................
U nited States Trust Com pany o f New Y ork, New Y ork
C ity ............................................................................ ..............
U tica Trust and D eposit Com pany, U tica...........................
W estchester Trust Com pany, Y onkers.................................
W orkers Trust Com pany, Johnson C ity ...............................
Yonkers T rust Com pany, T he, Y onkers..............................

Surplus

$200,000

$154,680
144,044
500.000
775,956
5 .0 0 0 .
000 11,94 7 ,8 8 0
440,122
700.000
58,124
2 00,COO
112,813
200.000
47,886
100,000
680,005
1 000
000
571,964
250.000
303,601
300.000
565,864
1, 000,000

100,000

. .

2,000,000

4 ,6 2 8 ,6 2 5

2 ,000,000

14,556,941
758,941
175,144
4 7,168
43,989

600.000
300.000

100.000
150,000

G r o w t h ©e t h e S a v in g s B a n k s o e t h e S t a t e

W ar conditions and the appeal to the provident and th rifty
o f all classes to invest their savings either in Liberty bonds or
W ar Savings certificates fo r a tim e m ore seriously affected the
growth o f the savings hanks than any other class o f financial
institutions.

They have, however, achieved such an enviable

reputation fo r safety and their very name is so intim ately asso­
ciated w ith all movements fo r the prom otion o f th rift and economy
that they w ill undoubtedly be ultim ately greatly benefited by the
various campaigns to prom ote th rift and econom y that have been
conducted in connection w ith W ar financing.
These mutual institutions were devised fo r the purpose o f
accum ulating small savings and investing them solely fo r the
benefit o f the depositors. Their investments are so strictly lim ­
ited by law to high grade securities hearing a low rate o f interest
that they cannot he profitably conducted unless a com paratively
large amount o f deposits is assured.

N one but the depositors reap

any benefit from their organization other than a reasonable com-




S uperintendent

of

IT

B anks

pensatioa fo r services rendered so that there are not the usual
profit-m aking inducements to encourage individuals to undertake
the trouble and expense o f organizing them.

P u blic spirit and

a desire to benefit their fellow s should be the principal m otive o f
those who undertake the organization o f such institutions and
thp same spirit o f devotion to the general w elfare should animate
their officers and boards o f trustees thereafter.

Their special field

is so fu lly covered by existing savings banks that no new savings
bank was organized during the year nor has any such institution
been incorporated since 1916.
The follow ing table gives the resources and liabilities o f the
savings banks o f the State, as shown by their reports to this
Department, as o f June 30 and December 31, 1918:
Resources

Bonds and m ortgages................................
Stock and bond investm ents, estim ated
m arket value............................................
Prom issory n otes........................................
Bankers’ acceptances and bills o f ex­
change.......................................................
Banking houses and lols at actual cash
value..........................................................
Other real estate atactual cash va lu e...
Cash on deposit in banks and trust
com panies.................................................
Cash on h an d...............................................
T otal o f collectible interest........................
Other assets..................................................

June 30,1918
$ 1 ,10 9 ,3 7 3 ,83 8 31

D ec. 31, 1918
$1,10 4 ,0 6 8 ,86 5 90

8 64,396,103 32
870,794 02

928,829,963 37
1,399,885 82

2 ,0 ^ ,8 6 4 39
18,899,826 66
17,099,973 16
115,405,734
12,976,087
25,448,023
3 ,3 84 ,0 5 9

54
12
30
43

$2 ,16 9 ,8 7 7 ,36 4 25

T otal resources

18,721,596 04
16,659,987 11
115,367,170
16,184,725
25,587,786
4,6 41 ,9 4 7

92
53
39
64

$2,23 1 ,4 6 1 ,92 8 72

Liabilities

s
Surplus on par value o f stocks and bonds




$ 1 ,99 1 ,7 2 0 ,34 9 72
12,130,404 35

$ 2 ,04 2 ,0 1 1 ,10 4 81
15,119,311 63

166,026,610 18

174,331,512 28

$ 2 ,16 9 ,8 7 7 ,36 4 25

Am ount due depositors......................... ....
Other liabilities............................................
Surplus on estim ated m arket value o f
stocks and b on d s....................................

$ 2 ,23 1 ,4 6 1 ,92 8 72

$217,313,648 0 4

$224,609,012 11

18

A nnual R epoet

of the

The follow ing table gives in somewhat greater detail but still
in summary form the stock and bond investments o f the savings
banks o f the State at the close o f business on December 31, 1918:
Stocks and Bonds
U nited S tates.........................................................................................
D istrict o f C olum bia............................................................................
N ew Y ork S tate....................................................................................
B on ds o f other states...........................................................................
Bonds o f cities in other states...........................................................
B onds o f counties, villages and tow ns in adjoining states..........
Bonds o f cities in this sta te................................................................
Bonds o f counties in this state..........................................................
Bonds o f tow ns in this state...............................................................
Bonds o f villages in this sta te...........................................................
Bonds o f school districts in this state..............................................
R ailroad m ortgage bon d s....................................................................
B on ds o f Land Bank o f the State o f New Y ork ............................

$164,225,077
160,000
2 2,294,750
39,45 4 ,9 0 4
139,651,943
558,979
200,406,095
15,842,169
8 ,2 4 2 ,0 8 0
17,717,450
8 ,5 27 ,6 7 7
361,711,334
315,000

31
00
00
00
78
86
97
70
47
04
85
22
(X)

T otal par value o f stocks and bonds........................................

$979,107,463 20

Am ount o f stocks and bonds at present cost as determ ined byam ortization......................................................................................
Am ount o f stocks and bonds at original co s t................................
A m ount o f stocks and bonds at estim ated m arket valu e...........

$997,634,845 23
1 ,0 11 ,6 4 9 ,4 74 93
928,829,963 37

Additional Statistical Item s
N um ber o f open accounts Decem ber 31, 1918 ..............................
Num ber o f accounts opened or reopened during the year..........
Num ber o f accounts closed during the y ea r...................................
Am ounts deposited during the year, n ot including dividends
cred ited...............................................................................................
A m 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 ,4 67 ,6 4 4
552,779
545,347
$497,192,956
515,240,913
7 3,772,298
4 ,032,472
5,103,875

16
44
63
21
46

I t is noticeable that during the year, their investments in
bonds o f the U nited States increased from $40,282,244.50 to
$164,225,077.31.

Am ong their other liabilities, m oreover, are

included partial payments to the amount o f $5,262,186, made by
their patrons upon Liberty Bonds purchased fo r them by the
.savings banks.
I m p o b ta n t C h a n g es

The follow ing table contains a comparative statement o f salient
features o f savings bank transactions during .the last three years:




S uperintendent

of

Gain shown
by 1916
reports over
1915

19

B anks

Gain shown
by 1917
reports over
1916

42,900
Gain in open accounts...............................
173,950
Gain in resources....................................... $165,252,661 89 $ 26,640,044 07
32,892,621 07
Gain in amount due depositors................ 134,456,790 64
Increase in market value surplus.............
30,801,624 01 *14,212,645 88
Gain in par surplus....................................
14,418,639 73
11,922,349 46
Gain in dividends paid or credited..........
3,657,827 39
3,440,924 18
Gain in amount deposited during the year 76,176,298 15 *11,398,299 17
Increase in amount withdrawn during the
year.. . . . . . . . ...... ..........................
93,604,231 59
*6,919,553 34

Gain shown
by 1918
reports over
1917

7,432
$65,522,747 14
55,454,755 19
3,618,266 64
15,258,168 87
1,548,923 70
19,911,593 86
*1,351,867 39

* Decrease.

It w ill be noticed that, while there has been a constant increase
both in the open accounts held by such institutions, in their
resources and in the amounts due depositors, the gains since the
entry o f the U nited States into the European W ar have been
slight as compared with the gains shown fo r the year 1916.
The gain in resources and deposits, however, fo r the present
year is much greater than fo r the previous year and the increase
in deposits occurred almost entirely during the latter part o f the
year. The increase in deposits from the time the arm istice was
signed has been almost phenomenal and the deposits were made
in such a form as to indicate beyond question that they con­
sisted largely o f hoarded money. Special reports made to the
department fo r the period from December 28, 1918, to January
12, 1919, m oreover, showed a net increase in deposits fo r that
period o f over $39,400,000, and I am inform ed that the increase
in deposits is still continuing at a very remarkable rate.
S av in g s B an k s D iv id e n d R ates

A number o f savings banks which have heretofore only paid
dividends at the rate o f three and one-half per centum per annum
have felt justified, by the com paratively high rates o f interest that
they have in recent years been able to obtain upon investments, in
increasing their rates to fou r per centum per annum.




Such

m

A n n ual K epokt

of t h e

increases in dividend rates should only he made after the m ost
serious consideration. The profits o f a savings bank w hich are
not paid out in dividends to depositors are carried to their guar­
anty funds or undivided profit accounts, which serve the same
purpose in protecting depositors from possible loss as the capital
o f a stock corporation. The amount due to any individual
depositor in a savings bank is so small that a difference o f oneh a lf o f one per centum pear annum in the dividend rate is not o f
great consequence to the depositor. Depositors as w ell as officers
and trustees should be more greatly concerned about the safety
o f the sums deposited rather than an inconsequential increase in
the incom e derived from than, and I have a very great respect
fo r the officers and trustees o f savings banks who insist upon
accum ulating large guaranty funds fo r the protection o f depos­
itors, notwithstanding the temptation to increase the amount o f
deposits and the size o f their institutions by declaring as large
dividends as possible. In many parts o f tbe State, there has been
altogether too great a tendency among all classes o f financial insti­
tutions to enter into an unwise com petition fo r deposits by
increasing the return to depositors.
The follow ing table shows the rates o f dividends paid by tbe
savings banks o f this State on the first days o f Januaiy and J u ly,
1918, and the first day o f January, 1919, according to their
reports to this D epartm ent:
January,
1918

N um ber paying
N um ber paying
N um ber paying
Num ber paying
N um ber paying

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

107
2
26
6
1

July,
1918

January,
1919

110
2
21

5

3

nr

2
15
4
S

I n v e st m e n t C o m p a n ie s

The Investment Company article o f the Banking Law is largely
a survival and adaptation o f chapter 889 o f the Laws o f 1892,
an act devised fo r the purpose o f bringing under the supervision
o f the Superintendent o f Banks all foreign corporations engaged




S uperintendent

of

B anks

21

in selling securities to the general public w ithin this State through
agents.
The powers o f investment companies, as stated in the Banking
Law, are so broad and expressed in such general terms that various
investment companies organized under the same statute are very
dissim ilar in character. Some o f them are absolutely unique in
their operations, while others may be grouped in certain general
classes.
The Law o f 1892, to which I have called attention, was passed
very largely as the result o f the failu re o f many so-called “ West­
ern Farm M ortgage Companies ” and the older investment com ­
panies o f the State are o f the original type and m ight perhaps be
more accurately described as “ M ortgage Companies.” They axe
engaged in making loans upon real estate and sell bonds secured
b y real estate mortgages to investors.
Another type o f investment companies is engaged in a class o f
business also contemplated at the tim e o f the enactment o f the
origin al law, the purchase and sale o f securities through agents
o r otherwise. I f the spirit o f the original enactment and the
opinions qf various Attom eys-General o f the State are given due
weight, it would seem that all corporations organized for this
purpose should be organized under the Banking Law and should
be subject to the supervision o f this department. It must be
adm itted, however, that relying upon some uncertainties in the
statute and the decision in the so-called M onaton R ealty Company
case, there are more corporations organized under the Business
Corporations Law transacting business o f this character than
there are under the Banking Law.
Another class o f investment companies has been authorized fo r
the purpose o f exercising the powers set forth in subdivisions 4
and 5 o f section 293 o f the Banking Law and are designed like
several other classes o f corporations provided fo r in the Banking
Law to relieve necessitous borrowers from the exactions o f the
so-called loan sharks. A s their work is more or less remedial and
it is recognized that the investigation o f the credit o f such borrow­
ers is expensive and that the return upon loans must be more or
less in proportion to the risks assumed, these corporations are
perm itted by law to exact interest, to make charges fo r examiner




22

A xitoal R epoet

of th e

tion and to exact fines fo r failu re to make payments as agreed
which would make the loans usurious unless specially authorized
by law. A ll o f the corporations thus fa r organized fo r this pur­
pose have used the words (t M orris Plan Company ” as a part o f
their titles.
Another type o f investment company is the result o f m odem
industrial needs and corporations o f this character are organized
to assist in financing large m anufacturing corporations and to
facilitate sales to wholesalers or distributing agents.
Another class o f investment companies exercise the general
powers conferred by subdivision 1-a o f section 293 o f the Banking
Law as recently amended. These companies are the outgrowth o f
recent developments in connection with the business and com­
m erce o f the State and nation. They are especially designed to
make acceptances, to deal in bills o f exchange and to prom ote for­
eign trade. The stock o f the corporations thus fa r authorized is
principally owned by the largest and strongest N ational Banks
and Trust Companies in the country. The minimum capital o f
such an investment company is two m illions o f dollars and it
seems probable that these international banking corporations w ill
become a very im portant part o f the State banking system.
D uring the past year, the total resources o f the investment
companies show a greater proportionate growth than any other
class o f financial institutions, the resources o f the investment
companies at the close o f last year having been $55,079,104 and
their resources at the close o f the year 1918 $95,400,400, an
increase o f nearly 75 per cent. This very remarkable increase was
largely the result o f the organization and development o f the last
class o f investment companies above mentioned.
S ix new investment companies were organized during the year,
the U tica Investment Company, Incorporated, with a capital o f
$100,000, the Mohawk V alley Investment Corporation, with a
capital o f $150,000, the Foreign Trade Banking Corporation,
with a capital o f $2,000,000, the xlsia Banking Corporation, w ith
a capital o f $2,000,000 and the Discount Corporation o f New*
Y ork, w ith a capital o f $5,000,000. The Essential Industries
Finance Corporation, w ith a capital o f $1,000,000, was organized
to co-operate w ith the W ar Finance Corporation, but owing to




S uperintendent

of

B anks

28

the close o f the W ar, it has not engaged in active business and willsoon be dissolved.
D uring the year, the capital stock o f the Am erican F oreign
Banking Corporation was increased from $2,500,000 to $3,500,000
and the capital o f the Commercial Security Company, In c., from
$1,000,000 to $2,000,000.
The Am erican Foreign Banking Corporation was authorized
to open and m aintain branch offices at P ort A u Prince, H a iti;
in the city o f Panama in the R epublic o f Panam a; in the city o f
Cristobal in the Canal Zone in the R epublic o f Panam a; at R io de
Janeiro in the R epublic o f B ra zil; at Cap-H aitien in the Repub­
lic o f H a iti; at Saint M arc in the R epublic o f H a iti; at Cali in
the R epublic o f Colom bia and at Havana, Cuba.
The A sia Banking Corporation was authorized to open and
occupy branch offices at Shanghai, Peking, Tientsin, H arbin and
Hankow, in the R epublic o f China, and in Vladivostok, Siberia.
The Guaranty Securities Corporation was authorized to open
and maintain branch offices in San Francisco, C alifornia, and in
M ontreal, Province o f Quebec.
The follow ing table contains a summary statement o f the] esources and liabilities o f the investment companies o f the State
at the close o f business December 31, 1917, and on the 31st day
o f December, 1918, as reported to this Departm ent:
Resources
D ec. 31, 1917
Loans secured b y first liens on real estate.................
815,925,344
Loans secured b y second liens on real estate............
60,190
Loans on collateral secu rity..........................................
16,925,392
Loans on personal security............................................
674,436
Stocks and bonds.............................................................
3 ,1 52 ,3 7 6
Office buildings.................................................................
73,645
Other real estate...............................................................
780,031
Premiums p a id .................................................................
3,223
Furniture and fixtures....................................................
92,888
34,727
Current expenses.............................................................
Past due interest rem itted for but not paid to us.. .
22,653
Due from branch offices and agents............................
3,177
Due from sundry persons..............................................
5 ,1 85 ,0 5 8
Due from banks and bankers........................................
2,0 81 ,4 5 3
Due on uncom pleted loans............................................
20,950
Cash....................................................................................
3,9 22 ,1 0 8
Other assets.......................................................................
6,1 21 ,4 5 3
T otal resources




$55,079,104

D ec. 31, 1918
$ 1 3 ,8 5 3 ,42£
33,701
15,927,490"
7 ,7 0 0 ,9937 ,2 07 ,9 9 6
80,000
727,858
5,117
88,408'
135,423
35,015
845,401
377,245
9,858,260*
5 ,4506 ,4 30 ,4 7 8
3 2 ,08 8 ,1 4 7
$95,400,400*

24

A nn ual R epoet

of th e .

Liabilities
D ec. SI, 1917
$11,600,000
C apital stock paid in .......................................................
Surplus.........................................................................
3 ,954,117
Prem ium s...........................................................................
13,811
B ilb payable......................................................................
2 ,2 20 ,1 4 6
D ebenture bonds outstanding.......................................
16,709,500
D ividends unpaid.............................................................
37,500
In terest paid in advance b y borrow ers.......................
218,173
D ue borrowers on loans m ade......................................
1 ,3 57,060
6 ,0 81 ,0 4 8
C ertificates o f deposit bearing interest.......................
D eposits awaiting investm ent.......................................
23,565
O th er deposits...................................................................
591,622
D ue to branch offices and agents...............................................................
D u e to basks and bankers.............................................
1 ,^ 4 ,9 8 1
O ther liabilities.................................................................
11,087,581

D ec. 81, 1918
$2 2 ,5 8 9 ,2 0 0
6 ,6 0 8 ,4 5 5
11,740
5 ,8 4 5 ,2 5 0
14,57 3 ,9 0 0
57,500
353,652
1 ,0 16 ,0 9 9
6 ,8 1 2 ,6 2 0
57,037
1 ,7 91 ,2 1 6
1,4 05 ,8 1 4
4 ,0 5 2 ,8 1 8
30,225,099

$55,079,104

$95,400,400

T ota l liabilities.........................................................

The name of the Guaranty Securities Corporation, of New
York City, was changed to Continental Guaranty Corporation,
iind the Bankers Commercial Corporation was merged with the
Commercial Security Company, Inc., the resulting corporation
assuming the name Bankers Commercial Security Company, Inc.
C a p it a l an d S urplus o f I n v e st m e n t C o m p a n ie s
The follow ing table gives the nam es and location o f the various
investm ent companies o f the State together with their capital and
surplus as o f December 3 1 , 1 9 1 8 , as reported to this D epartm ent:
Name and Location
Am
erican Foreign B
anking C
orporation, New York City..........
Asia Banking Corporation.....................................................
B
ankers’ Com ercial Security Com
m
pany, Inc., N York City..
ew
Continental G
uaranty C
orporation, N York City.................
ew
Discount C
orporation of New York.......................................
Essential Industries Finance Corporation, New York City........
First M
ortgage G
uarantee Com
pany, Long Island City............
Foreign Trade BankingCorporation, New York City...............
Guaranteed M
ortgage Com
pany of N York, New York City..
ew
H eM
om ortgageInvestm Com
ent
panyof N York, Brooklyn,N.Y
ew
Hudson M
ortgage Com
pany, New York City..........................
LongIslandBondandM
ortgageG
uaranteeCom
pany,Jam
aica,N.Y
M
ohaw Valley Investm Corporation, Utica, N. Y..............
k
ent
Morris Plan Com
pany of Albany, Albany, N. Y......................
Morris Plan Com
pany of Buffalo, Buffalo, N. Y......................
Morris Plan Com
pany of NewYork, New York City................
Morris Plan Com
pany of Seheneetady, Schenectady, N. Y........
M
orris Han Com
pany of Syracuse, The, Syracuse, N. Y.........
Mortgage Bond Com
pany of New York, The, New York City...
Nassau-Suffolk Bond and M
ortgage G
uarantee Com
pany,
Mineda, N. Y..................................................................
National Thrift Bond Corporation, New York City..................
New York Investors* Corporation, New York City..................
S. W. Straus & Co., Incorporated, New York City...................
The Thrift, Brooklyn, N. Y...................................................
Utica Investm Com
ent
pany, Utica, N. V................................




Capital
83,239,200
2,000,000
2,000,000
1,000,000
5,000,000
1,000,000
500,000
2,000,000
375.000
100,000
100,000
200,000
150,000
100,080
200,000
1,000,008
100,000
125,000
2,000,000
200,000
250,000
100,000
250,000
500,000

100,000

Surplus as
reported
81,344,945
536,833
643,030
124,331
1,000,000
197,968
219,404
314,0%
138,216
51,732
25,606
134 , m i
30,470
20,624
13,214

113,244
11,469
19,657
740,861
150,064
34,264
39,496
205,208
475,509
23,503

S uperintendent

op

25

B anks

S a f e D epo sit C o m p a n ie s

The business transacted by the Safe D eposit Companies during
the year ealls fo r very little comment, although there was a consid­
erable increase in the resources o f these corporations. So m any
other corporations exercise the powers o f Safe D eposit Com­
panies and do a com petitive business that few new Safe D eposit
Companies are organized by individuals. A number o f the existing
Safe D eposit Companies were incorporated in connection with
banks or trust companies by which their stoek is almost entirely
owned. The only new Safe D eposit Company organized during
the year was the Tiffany & Co. Safe Deposit Company, located in
Mew Y ork C ity, w ith a capital o f $100,000.
R esources a n d L ia b il it ie s op S af e D epo sit Co m p a n ie s

The follow ing table gives in summary form the resources and
liabilities o f the Safe D eposit Companies o f the State as reported
at the close o f business on the last days o f December, 1916, 191?
and 1918:
R esources

1916

1917

Bonds and mortgages........................................................
Stock and bond investments............................................
Real estate.........................................................................
Vaults and safes................................................................
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.............................•
.......................................

$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

$277,190
2,645,178
3,151,560
3,083,609
56,172
15,758
328,606
6,400
73,829
36,826
148,771
290
31,352
5

*296,0353,045,018
3,333,6663,027,42648,195
17,062
296,772
14,428
75,278
40,795
173,412
287
37,955

Totals..........................................................................

$8,900,505

$9,855,546

$10,406,332

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

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

$6,310,000
2,610,718
570,000
83,523
4,800
22,735
253,768

$6,360,000
2,819,545
570,000
349,904
5,36622,321
279,195

2

2

1

Totals.........................................................................

*8,900,505

$9,855,546

$10,406,332

1918

8

L ia b il it ie s




M

A nn ual R epoet

of the

L is t of S a f e D epo sit C o m p a n ie s an d C a p it a l

The follow ing table gives the names, locations and capital o f
the Safe D eposit Companies o f the State which were engaged in
business on the first day o f January, 1919:
N ame

Albany Safe Deposit and Storage Company...................
Astor Safe Deposit Company, New Y ork........................
Atlantic Safe Deposit Company.......................................
Bankers’ Safe Deposit Company......................................
Bank of Long Island Safe Deposit Company..................
Broadway Safe Deposit Company....................................
Bronx Safe Deposit Company...........................................
Brooklyn City Safe Deposit Company............................
•Central Safe Deposit Company........................................
Central Union Safe Deposit Company.............................
Citizens Commercial Safe Deposit Company..................
C ity Safe Deposit Company of Albany, N. Y ................
Colonial Bank Safe Deposit Company.............................
Commercial Safe Deposit Company.................................
•Corn Exchange Safe Deposit Company...........................
•County Safe Deposit Company........................................
Empire City Safe Deposit Company...............................
Empire Safe Deposit C om pan y.......................................
Equitable Safe Deposit Company of New York, T h e ...
Farmers’ Safe Deposit Company, The.............................
Fidelity Safe Deposit Company.......................................
Fifth Avenue Safe Deposit Company..............................
Franklin Safe Deposit Company......................................
•Garfield Safe Deposit Company.......................................
Greenwich Safe Deposit Company...................................
Guaranty Safe Deposit Company.....................................
Hanover Safe Deposit Company......................................
Hudson Safe Deposit Company.......................................
Knickerbocker Safe Deposit Company............................
Lincoln Safe Deposit Company........................................
Long Island Safe Deposit Company.................................
Madison Safe Deposit Company......................................
Mercantile Safe Deposit Company...................................
Metropolis Safe Deposit Company...................................
M ount Vernon Safe Deposit Company............................
New Maiden Lane Safe Deposit Company.....................
New Rochelle Safe Deposit Company.............................
New York Produce Exchange Safe Deposit and Storage
Company.........................................................................
New York Stock Exchange Safe Deposit Company----Gssining Safe Deposit Company.......................................
Power City Safe Deposit Corporation.............................
Rockland County Safe Deposit Company.......................
■Safe Deposit Company of New York...............................
•Security Safe Deposit Company of Brooklyn.................
•Security Safe Deposit Company of Troy.........................
Standard Safe Deposit Company.....................................
State Safe Deposit Company............................................
Thirty-fourth Street Safe Deposit Company..................
Tiffany & Co. Safe Deposit Company.............................
United States Safe Deposit Company..............................
Woolworth Building Safe Deposit Company..................




Location

Capital

Albany...............................
$90,000 00
New Y ork C ity................
100,000 00
New York C ity................
100,000 00
New York C ity................
100,000 00
Jamaica.............................
100,000 00
New York C ity................
100,000 00
New York C ity................
110,000 00
Brooklyn...........................
100,000 00
Ossining.............................
10,000 00
New York.........................
100,000 00
Buffalo...............................
150,000 00
Albany...............................
50,000 00
New York C ity................
100,000 00
New York C ity................
100,000 00
New York C ity................
300,000 00
White Plains............... , . .
10,000 00
New York C ity................
100,000 00
New York C ity................
100,000 00
New York C ity................
200,000 00
New York C ity................
100,000 00
New York C ity................
100,000 00
New York C ity................
100,000 00
Brooklyn...........................
100,000 00
New York C ity................
150,000 00
New York C ity................
100,000 00
New York C ity................
200,000 00
New York C ity................
200,000 00
New York C ity................
100,000 00
New York C ity................
100,000 00
New York C ity................ 1,000,000 00
100,000 00
Brooklyn...........................
New York C ity................
100,000 00
New Vork C ity................
200,000 00
New York C ity................
100,000 00
Mount Vernon..................
10,000 00
New York C ity................
100,000 00
New Rochelle....................
10,000 00
New York C ity................
New York C ity................
Ossining.............................
Niagara Falls....................
Nyaek................................
New York C ity................
Brooklyn...........................
Troy...................................
New York C ity................
New York C ity................
New York C ity................
New York C ity................
New York C ity................
New York C ity................

150,000
100,000
20,000
15,000
10,000
100,000
100,000
50,000
200,000
100,000
225,000
100,000
200,000
100,000

00
00
00
00
00
00
00
00
00
00

00
00
00
00

$6,360,000 00

S uperintendent

op

27

B anks .

P erson ae L o an C o m pan ies an d P erso n al L o an B rokers

The present article o f the Banking Law relating to Personal
Loan Companies and Personal Loan Brokers is a development
as the result o f experience o f chapter 326 o f the Laws o f 1895,
which was the in itial attempt in this State to organize corporations
o f a rem edial character fo r the relief o f needy and indigent bor­
rowers. M any States now have statutes relating to small loan
brokers and their supervision, all intended, o f course, to relieve
the poor from oppression. I think, however, that N ew Y ork
State was the pioneer in this respect and that our statute is the
most satisfactory to the borrowers, i f not to the lenders.
Two Personal Loan Companies were organized during the year,
the M erchants Personal Loan Company, o f B rooklyn and the
Broadway Personal Loan Company, located in the borough o f
Manhattan.
The capital o f the Provident Loan Society, o f Koehester, was
increased from $50,000 to $100,000.
N o personal Loan Broker was authorized to commence business
during the year.
The follow ing table shows the resources and liabilities o f the
Personal Loan Companies and Personal Loan Brokers o f the State
on the 31st day o f December, 1917, and the 31st day o f December,
1918, according to reports to this Departm ent:
Resources
Cash in office.....................................................................
Cash on d ep osit................................................................
Loans on m ortgage o f personal property...................
Loans on notes endorsed or guaranteed b y persons
other than the borrow ers...........................................
Loans on assignments or orders for the paym ent o f
salary or w ages.............................................................
Pawn brokers’ loans........................................................
Furniture and fixtures....................................................
O ther assets.......................................................................

1917
$9,776 36
37,174 08
718,078 79

918
$11,323 66
56,097 64
569,111 41

102,505 90

150,725 76

2,2 04
57,464
6,5 78
88,549

46
68
14
44

T otal resources......................................................... $1,022,331 85
Liabilities
Perm anent ca p ita l.....................
Surplus..........................................
Borrow ed m on ey........................
O ther liabilities............ •
.............

Total liabilities




$718,875
81,222
207,142
15,091

00
45
98
42

$1,022,331 85

1,716
69,425
6,8 42
136,628

05
32
36
73

$ 1 ,001,873 93

$731,425
89,628
169,382
11,437

00
52
82
59

$1,001,873 93

28

A nnual , R eport

L ist

of

P erson ax , L o an

op th e

C o m pan ies

an d

P erson a x

L oan -

B rokers T o gether w it h C a p it a x

The follow ing table contains the names, locations and am ount
o f capital o f the Personal Loan Companies and Personal Loan
Brokers engaged in business in this State on December 31, 1918:

Location

N ame

American Credit Company........................................................... Buffalo...................
Broadway Personal Loan Company............................................. New Y ork..............
Buffalo Security Company............................................................ Buffalo...................
Cayuga Loan C on^apy................................................................ Auburn..................
Chattel Loan Society of New York, In c..................................... New Y ork C ity. . .
City Personal Loan Company, Inc.............................................. New Y oris C ity. . .
Empire City Personal Loan Co., The.......................................... Elmhurst...............
Fidelity Personal Loan Company................................................ New York C ity . . .
Fourteenth Street Personal Loan Company............................... New York C ity . . .
Guard'an Personal Loan Company............................................. New York City. . .
Home Credit Company................................................................. Buffalo...................
Interborough Personal Loan Company....................................... Brooklyn................
Merchants Personal Loan Company........................................... Brooklyn................
Onondaga Provident Loan Association, In c............................... Syracuse................
Personal Loan Association of Onondaga County, Inc............... Syracuse. .'............
Provident Loan Company of Buffalo........................................... Buffalo...................
Provident Loan Society of Rochester.......................................... Rochester..............
Remedial Loan Society of Buffalo, Inc., T he............................. Buffalo...................
St. Bartholomew’s Loan Association........................................... New York City. . .
Standard Credit Company of Buffalo.......................................... Buffalo...................
Syracuse Loan Company............................................................... Syracuse................
Union Loan Company................................................................... Syracuse................
Ut!ca Provident Loan Association............................................... Utica......................
Westchester Provident Personjl Loan Company....................... Mount Vernon. . . .
Yonkers Personal Loan Company ........................................... Yonkers.................
Abe H. Kavovitz and Lillia Kavovitz, Personal Loan Brokers. Port Chester..........
Charles C. Truesdell, Personal Loan Broker.............................. Syracuse................
T otal........................................................................................

Capital

*10,000
10,000
10,000
10,600
200,000
10,000
10,000
10,000
48,600
100,000
10,000
10,000
10,800
40,000
10,000
10,000
64,550
18,000
40,275
10,000
10,000
10,000
35,000
10,000
10,000
5,000
10,000

OB
000B
00
00
09
00
0B
GO
00
00
00
8*
0B
0B
0O
0B
0B
0B
0B
0B
0B
OB
00
00
0B
0B

*731,425 0B

F unds of C losed S avin g s B a n k s S t il l H eld b y t h e S u per ­
in t e n d e n t

W hile the failure o f a saviugs bank is exceedingly rare under
present restrictions and supervision, there was a period, m any
years ago, in the early stages o f their development when such
failures were not uncommon.
The follow ing table gives the names o f closed savings banks,
the years in which they were organized, the date o f closing, the




S uperintendent

of

29

B anks

percentage o f deposits paid to claimants* the amount deposited
-with this department, the amount disbursed to claimants and the

| Year closed

| Year chartered

balance still rem aining in the custody o f the Superintendent:

1889 1876
1869 1876
186S 1871
1867 1875
1857 188©
1866 1880
1870 1877
1868 1877
1888 1877
1871 1886
1889
1869
1892
1888

1884
1880
1899
1877

N assb

of

I nstitution

Abingdon Square Savings Bank..........
Bond Street Savings Bank, N. Y ........
Bowling Green Savings Bank..............
Central Park Savings Bank.................
Central Savings Bank, T roy*..............
Chautauqua County Savings B an k*..
Clairmont Savings Bank......................
Clinton Savings Bank..........................
Coxsaekie Savings Institute*..............
East Side Savings Bank for Sailors,
New York*........................................
Eleventh Ward Savings Bank*...........
Equitable Savings Institution*...........
Fulton County Savings Bank*............
German Savings Bank of the Town of
Marrisaaia.........................................
German Uptown Savings K ink...........
Guardian Savings Bank, Brooklyn * . .
Haverstraw Savings Bank....................

1866 1875
1'901 1908
1871 1879
1868 1880
1871 1880 Mechanics’ Savings Bank, Brooklyn *
1852 1876 Mechanics and Traders’ Savings Institution, New York..........................
1885 18S3 Morriaania Savings Bank * ..................
1868 1875 Mutual Benefit Savings Bank.............
1869 1876 New Amsterdam Savings Bank..........
1874 1879
1889 1877 Oriental Savings Bank, New York___
1868 1880 Park Savings Bank, Brooklyn * ..........
1863 1875 People's Savings Bank, New York___
1889 1881 Port Jervis Savings Bank * ..................
1867 1877 Saratoga Savings Bank........................
1861 m m See«iit§r Savings Bank, New Y o rk .. . .
1854 1878 Sixpenny Savings Bank, New York_
_
1851 1875 Third Ave. Savings Bank, New York.
1870 1876 Trades Savings Bank, New York........
1873 1878 Union. Savings Bank, Sasatwaa-S^rings
Total...............................................

* Cloned vohmtacily




Rate
per cent
of
dividend
declared

48
86|
35
30
100
100
15
68.169
100

Unclaimed
dividends
deposited
with
superin­
tendent

$930
21,132
3,994
1,497
49
2
501
831
258
796
1,833
150
26

51
19
49
32

46 1-6
64
100
75
100
100

3,656
5,598
888
596
320
329

86
70
27
04
71
39

71
♦
100
64
77
100
60§
100
48 7-12
100
88

14,315
842
7,554
429
1
2,255
329
5,530
251
437
1,865
39,319
895
547
189

61 !

Balanc*
unclaimed

37
$483 70
$446 67
88 10,507 77 10,625 11
29
22 51 3,971 78
76
704 19
793 57
72
49 79!
24
2 24
90
17 98
483 92
91
81 14
750 77
32
19 60
238 72

100
100
100
100

85.55
19
15
6

Paid by
superin­
tendent
to
claimants

7<*A §|
239 98
45
4 22
1,491
1,143
701
327

38
08
03
21

1,59321
156 04
22 10
2,165
4,455
187
268

48
62
24
83

329 39

91 7,059 83 7,256 88
74
670 88
171 86
86 3,656 84 3,898 02
79
13 87
415 92
40
1 40
50
299 86; 1,985 §4
44
44
96 3,214 84 2,316 12
97
248 13
3 84
88
1 82
436 06
72
630 92 1,234 80
89 12,675 47 26,644 42
15
479 60
415 55
32
3 72
543 60
89
36 17
144 72

$118,155 29 $44,736 19 $73,419 10

30

A nnual B epobt

of t h e

B esoubces of S avin g s B a n k s , S t a t e B a n k s , T bu st C o m p a n ie s
an d

S a f e D epo sit C o m pan ies

In order to show the growth and development o f the abovenamed classes o f State institutions, it has been customary to
publish in this part o f the report a statement showing the total
resources reported by them during a long series o f years. A
mere cursory examination o f the figures , is enlightening.
The follow ing table shows the total reported resources o f the
institutions named as o f the dates nearest January 1 from 1899
to 1919, inclusive:

date

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.
1918, January 1.
1919, January...

Banks of deposit
and discount

Savings banks

Trust companies

$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
617i063,267
625,806,406
648,234,361
793,428,884
901,845,248
932,437,232
1,020,241,730

$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
1,690,075,954
1,598,555,823
1,574,666,207
1,740,598,437
2,532,892,786
2,744,317,081
3,164,170,014
3,221,371,809

$923,420,861
1,000,209,099
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
2,165,939,081
2,231,461,928

Safe deposit
companies

$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
9,855,546
10,406,332

L ist of S e c u b it ie s H eld in T bust b y t h e S u p e b in t e n d e n t
of

B anks

State Banks and Investment Companies not engaged in . the
receipt o f general deposits are required to deposit bonds with
the Superintendent o f Banks, in order to secure the payment o f
assessments fo r expenses made against them. Trust Companies
and Investment Companies engaged in the receipt o f deposits are
required to make deposits with the Superintendent o f Banks fo r




S uperintendent

op

B anks

31

the special protection o f the depositors with and creditors o f
such companies.

The follow ing list gives in summary form the

different securities held by the Superintendent o f Banks fo r the
benefit o f the depositors with and creditors o f the trust com­
panies o f the State and the depositors with the two investment
companies which have qualified fo r this purpose:
U nited States 2 per cent bon d s.................................................................
U nited States 3§ per cent b on d s...............................................................
United States 4 per cent bon d s.................................................................
U nited States 4| per cent b on d s...............................................................
New 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...........................................................
A lbany C ity 3 f per cent bon d s.................................................................
A lbany C ity 4 per cent b on d s...................................................................
Brooklyn C ity 3| per cent b on d s..............................................................
Buffalo C ity 3§ per cent bon d s.................................................................
Buffalo C ity 4 per cent b on d s...................................................................
Buffalo C ity 4 f per cent b on d s.................................................................
Cohoes C ity 3| per cent bon d s..................................................................
Jamestown C ity 4 per cent bonds.............................................................
Jamestown C ity 4§ per cent bonds...........................................................
M iddletow n C ity 3 f per cent bonds.........................................................
M ount Vernon C ity 4 per cent bonds......................................................
Niagara Falls C ity 4 per cent bonds—
..............................................
New Y ork C ity 2§ per cent bon d s...........................................................
New Y ork C ity 3 per cent b on d s..............................................................
New Y ork C ity 3| per cent bon d s............................................................
New Y ork C ity 4 per cent bon d s..............................................................
New Y ork C ity 4 f per cent b on d s...........................................................
New Y ork C ity 4| per cent bon d s............................................................
R ochester C ity 3§ per cent bonds.............................................................
Rom e C ity 4 per cent bon d s......................................................................
T roy C ity 4 f per cent bon d s......................................................................
T roy C ity 4| per cent b on d s......................................................................
U tica C ity 4 per cent bonds.......................................................................
W atertow n C ity 4§ per cent bonds...........................................................
Livingston C ounty 4| per cent bonds......................................................
Canadaigua Village 4.95 per cent bonds..................................................
Little V alley Village 4.95 per cent bonds................................................

Total..........................................................................................

$2, (XX)
37,000
100,000
700,000
1 ,1 90,000
393,000
30,000
207,000
10,600
6,000
240,000
60,000
20,000
56,000
2,000
36,000
5,000
20,000
12,000
3 0 ,(XX)
3 3 0 ,(X30
397,500
2,5 74 ,5 0 0
1 ,070,500
3 ,0 6 8 ,O X
C)
3 ,2 61 ,5 0 0
80,000
1 0 ,(XX)
25,000
2 ,000
8 ,(XX)
40,000
2 5 ,(XX)
2,0 00
4 ,1 90

00
00
00
OO
OO
00
OO
00
00
OO
OO
OO
00
(X)
OO
00
00
00
00
00
00
OO
00
00
OO
OO
(XI
OO
00
00
00
00
00
(X)
40

$14,054,790 40

On the first day o f January, 1918, the total U nited States
bonds so held was only $29,000.

I t appears therefore that there

has been an increase in the U nited States bonds held in trust o f
$810,000.
C o nc lu sio n

There w ill appear in the appendix to this report in condensed
form the reports o f the trust companies o f the State as o f the




32

A nnual R epoet

op th e

S uperintendent

of

B anks

dates on which they were called upon fo r reports during the
year and the reports o f the savings banks, investment companies,
safe deposit companies, personal loan com panies and personal
loan brokers as o f the thirty-first day o f December, 1918.
The appendix w ill also contain the usual large table showing *
the condition o f the saving^ banks o f the State at the close o f
business on Decem ber 31, 1918, and another statement, show­
in g their resources and liabilities by counties. A third table
w ill give general statistical inform ation with reference to the
savings banks from January 1, 1858 to the present tim e. There
w ill also be published in the appendix a statement showing in
d eta il the securities held by the Superintendent o f Banks on the
first day o f January, 1919, in trust fo r the creditors o f and
depositors w ith each o f the trust companies o f the State and
the two investment companies to which reference has been herein­
before made.
R espectfully submitted,




G E O R G E I . S K IM F E R ,
Superintendent o f Ranks.




APPENDIX

[ 33 ]
2




DETAILED STATEMENT
OB’ THE

Condition of the Savings Banks
AND

INSTITUTIONS FOR SAVINGS IN THIS STATE
ON THE

First Day of January, 1919, as C o m p iled from Their Reports
to the Superintendent of Banks
[t h e




banks are

arranged

a l p h a b e t ic a l l y

by

c o u n t ie s ]

ALBANY COUNTY

1.

ALBANY CITY SAVINGS INSTITUTION, ALBANY
[100 State street; Incorporated 1850]

W ILLIAM S . HACKETT, President.
GEORGE H. THACHER, Vice-President.
JAMES W. COX, Vice-President.
JAMES W . COX,
GEORGE H. THACHER,
ALBERT HESSBERG,
JONAS H. BROOKS,
EDWARD J. GALLIEN,
P. N. BOUTON,

FRANK H. W ILLIAM S, Treasurer.
LOUIS F. HARTMANN, Asst. Treasurer.

T R U ST E E S
RUFUS K. PALMER.
W ILLIAM S. DYER,
FRANK C. HERRICK,
JOHN A. DELEHANTY,
B. PALMER GAVIT,
CHARLES H. SABIN,
WM. J. NELLIS,
C. L. A. W HITNEY,
W ILLIAM S. HACKETT, HORACE S. BELL,
JACOB H . HERZOG.
FRED'K W. KELLEY,

F IN A N C IA L
RESOURCES
Bonds and m ortga ges................................................................................. $ 7 ,1 1 5 ,5 0 0 81
S tock and bond investm ents, v iz .:
Par
Original
Estimated
Stocks and bonds
value
cost
market value
United States ....................... $462,950 00
$462,950 00
$462,95000
396,000 00
415.799 78
397,87000
Cities in other States........
Cities in this State...............
517,300 00
536,762 22
509,46280
Counties in this sta te........
62,000 00
66,020 92
63,18000
Towns in this State...............
158,600 00
164,510 01
162,62450
Villages in this sta te............
289,813 28
296,638 08
296,80979
School districts in this State
228,400 00
236,484 84
236,47588
Railroad m ortgage bonds—
2,725,000 00 2,919,168 64
2,607,37000
$4,839,963 28 $5,098,334 39 $4,736,742 9?
- .................. .......— ..'-------------------------P rom issory n otes .......................................................................................
B anking house and lo t, book value. $105,000; cost, $155,000;
actu al cash v a l u e ...................................................................................
O ther rea l estate, book value, $22,412.20; cost, $22,412.20;
actu al c a d i v a lu e .................................................................................
Cash o n deposit in banks o r tru s t com pan ies..................................
Cash on h a n d ..............................................................................................
T o ta l o l collectib le in terest.....................................................................
A m ou n t o f a ll oth er assets, v iz .: R en t a ccru ed .............................

4 ,7 3 6 742 97
2 ,5 7 1 18
105,000 00
2 2 ,41 2
295,9 3 4
116 369
123,322
2 ,0 3 3

20
60
97
54
33

$ 1 2 ,5 1 9 ,8 8 7 60
LIAB ILITIES
A m oun t due depositors, v iz .:
Principal .............................................................................$11,566,034 62
Dividends credited or to be credited for the six
months ending w ith December 31, 1918......................
224,107 37
Surplus on m arket v a lu e ..........................................................................

$ 1 1 ,7 9 0 ,1 4 1 99
7 29,745 61
$ 1 2 ,5 1 9 ,8 8 7 60

Surplus o n pa r value, $832,965.92.
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 1918
RECEIPTS
Cash o n hand and in banks o r tru st com panies Janu ary 1 ,1918,
before transactions o f the d a y .............................................................
F rom depositors, n o t in cluding dividends cred ited .......................
F rom in terest,on loans, deposits and investm ents.........................
[3 6 ]




$441,733 05
2 ,1 9 4 ,4 9 9 37
620,2 5 8 56

37

A lbany C ounty
F rom
F rom
From
From
F rom
From
From

rents from banking h o u s e ..........................................................
rents from all oth er real e sta te .............................................
m o r t g a g e s .........................................................................................
redem ption o f stocks and b on d s.............................................
stocks and bonds sold (to ta l par value, $ 4 5 2 ,3 5 0 )...........
loans paid .......................................................................................
real estate s o ld ..............................................................................

$13,071
1 ,2 38
296,439
204,3 5 8
451,9 0 6
38 ,49 9
5 ,5 0 0

08
36
05
88
00
41
00

$ 4 ,2 6 7 ,5 0 3 76
PAYMENTS
To depositors, including dividends paid t o th em .........................$ 2 ,0 8 5 ,3 2 3 13
For loans on bonds and m ortga ges................ ,..................................
49 ,79 9 60
F or loans on stocks and bonds and other secu rities....................
4 1 ,07 0 59
F or stocks and bonds purchased, in cluding premiums, com ­
m issions, etc. (to ta l pa r value, $ 7 0 0 ,1 0 0 )..................................
700,1 0 0 00
F or interest (oth er than dividend paym ents t o d e p o s ito r s )-----600 79
F or cu rrent expenses o f the bank, v iz .:
For salaries ........................................................................
$18,549 65
For ta x es: Banking house, $4,118.04; surplus,
$3,839.69 ..............................................................................
7,957 73
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
4,658 23
Insurance ....................................................................
330 ©
0
Other ..............................................................................
6,684 75
F or expenses o f other real estate, v iz .:
458 88
Repairs .................................................
Insurance ......................................................................
203 96
Taxes

...................................

176 90

Other ..............................................................................
1 60
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...
11,003 57
-----------------F or real estate acquired b y foreclosure, o r in settlem ent of
debts due th e b a n k ................................................................................
Other paym ents, v iz .: Cash s h o rt..........................................................
Cash on hand and in banks o r tru st com panies Decem ber 31,
1918, a fter transactions o f the d a y .................................................

50 ,02 5 27
2 8 ,2 3 5 05
44 76
412, 304 57
$ 4 ,2 6 7 ,5 0 3 76

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, 1919......................................
17,015
Num ber o f accounts opened o r reopened du rin g the y e a r ...........
5 ,2 03
Num ber o f accounts closed d u rin g th e y e a r ..................................
3 ,9 14
A m oun t deposited du rin g the year, n ot in cluding dividends
credited fo r th a t p e r io d ........................................................................ $ 2 ,1 9 4 ,4 9 9 37
A m ount w ithdraw n du rin g the y e a r .................................................
2 ,9 8 5 ,3 2 3 13
Am ount o f dividends credited and pa id fo r th e year, v iz .:
July 1, 1918........................................................................... $228,287 59
January 1, 1919...................................................................
224,107 37
452.394 96
692 92
A verage am ount o f each account Janu ary 1, 1919.........................
R a te per cent, o f dividends t o depositors during th e s ix m onths
ending June 30, 1918..........................................................................
4
R a te per cent, o f dividends to depositors during th e s ix m onths
ending Decem ber 31, 1918.................................................................
4
T ota l earnings o f the bank fo r th e year 1918, a fter a llow in g fo r
am ortization o f prem ium s and d iscou n ts......................................
$ 6 15,120 63
T ota l expenses o f the bank fo r the year 1918..................................
50 ,02 5 27
D ividends paid to depositors fo r the year 1918...........................
452.3 9 4 96
N et earnings fo r the yea r 1918 over expenses and dividends
paid t o d e p o sitors...................................................................................
112,700 40




38

R eport
2.

on

S avings B anks

ALBANY COUNTY SAYINGS BANS, ALBANY
188 State street; incorporated 1874]

BETH WHEELER, President.
WM. N. S. SANDERS, Treasurer.
F. C. CURTIS. V ice-President
C. E . BYRON, Assistant Treasurer.
W ILLIAM P. RUDD, Vice-President.
HENRY H. KUHN. Secretory.
TRU STEES
W ILLIAM A. WHEELER,
FREDERIC C. CURTIS,
HENRY R. WRIGHT,
SETH WHEELER,
N. B. VANDERZEE.
WM. L. VISSCHER,
RICHARD STEPHENS,
WM. N. S. SANDERS,
JAMES MILW AIN,
JOHN R. CARNELL,
HENRY H. KOHN,
MALCOM S. FEAREY,
W ILLIAM SMITH,
EDWARD W . RANKIN,
GEORGE A . W H ITE,
JAMES B. LYON,
JOHN T. D. BLACKBURN.
W ILLIAM P. RUDD,
CHAS. E. BYRON,
CARL H. GRAF.
F IN A N C IA L
RESOURCES
Bonds and m ortga ges................................................................................. $ 6 ,8 9 9 ,2 2 3 91
S tock and bond investm ents, v iz .:
Original
Estim ated
Par
cost
market value
Stocks and bonds
value
$656,150 00
$655,150 00
United States ........................ $655,150 00
100,000 00
State o f New York..................
101,000 00
102,656 25
221,300 00
State o f M assachusetts........
250,000 00
260,417 50
161,893 00
151,210 00
Cities in other States...........
159,000 00
1,144,005 63
1,061,660 00
Cities in this State............... 1,101,500 00
233,467 67
226,840 00
Counties in this State........
229,000 00
Villages in this State...........
5,000 00
5,000 00
4,600 00
Railroad m ortgage bonds—
931,000 00
843,310 00
953,865 66
$3,430,650 00

$3,516,455 71

$3,264,970 00
3 ,2 6 4 ,9 7 0 00

B anking house and lo t, book value, $205,000; cost, $225,000;
actu al cash valu e .................................................................................
C a d i o n dep osit in banks o r tru st com panies.............................
Cash o n hand ............................................................................................
T o ta l o f collectib le in terest.....................................................................
A m ou n t o f a ll other assets, v iz .:
T h rift Stamps ...................................................................
$5 75
Insurance premiums advanced........................................
410 99

2 0 5 ,0 0 0
328,1 6 3
17,465
172,387

00
23
88
35

116 74
$ 1 0 ,8 8 7 ,3 2 7 11
LIAB ILITIES
p rin cip a l............................................. $ 1 0 ,0 3 4 ,8 6 6 34

A m oun t due depositors, v iz .:
O ther lia b ilities, v iz .:
Dividends accrued on deposits to January 1, 1919___
$97,057 28
Expenses incurred, but unpaid, v iz .:
Advertising ...................................................................
223 04
Tax sea rch es.................................................
250 00
6039
S u n dries................................................................................
--------------------------------------- 9 7 ,5 9 0 71
Su rplu s on m arket v a lu e ...........................................................................
754,8 7 0 06
$ 1 0 ,8 8 7 ,3 2 7 11
Su rplu s o n p a r value, # 2 0 ,5 5 0 .0 6 .
C A S H T R A N S A C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash o n hand and in banks o r tru s t com panies J a n u a ry 1 ,1 91 8 ,
b efore transactions o f th e d a y ........................................................
F rom depositors, p o t in clud ing dividends cred ited ................
F rom interest on loans, deposits and investm ents.........................
From rents from banking h ou se........................................................
From m o r t g a g e s .........................................................................................
F rom redem ption o f stock s and b on d s...............................................
F rom stocks and bonds sold (to ta l par value, $ 3 0 0 ,2 2 5 )...........




$453,338
2 ,3 7 8 ,6 8 1
542,3 0 2
3 ,8 2 5
592,1 9 5
7 7 0 ,5 0 0
2 9 7 ,8 4 5

73
23
48
08
00
00
56

39

A lbany C ounty
From all oth er sources, viz.;
Refund — Insurance premiums advanced......................
U. S. W ar Savingsand T hrift Stampssold..................
Difference between par value and cost o f bonds pur­
chased ...............................................................................
Difference between par value and proceeds o f bonds
sold ....................................................................................

$96 25
1,791 40
3,414 20
875 40
------------------

$6 ,17 7 25
$ 4 ,9 4 4 ,8 6 5 33

PAYM EN TS

T o depositors, including dividends paid t o th em ......................... $ 2 ,9 1 9 ,2 0 6
6 5 ,4 0 0
For loans on bonds and m ortga ges....................................................
For stocks and bonds purchased, including premiums, com m is­
1 ,5 6 7 ,2 3 2
sion®, etc. (to ta l p a r value, $ 1 ,5 6 6 ,3 1 0 )........................................
2 ,0 8 0
For interest (oth er than dividend paym ents t o dep ositors) . . . .
F or current expenses o f th e bank, v iz .:
For salaries ........................ : .............................................
$19,063 81
For tax® !: Banking house, $4,308.48; surplus, $6,810.32
11,118 80
For expenses, except taxes, o f banking house;
Repairs ..........................................................................
1,326 01
Insurance ......................................................................
83 88
Other ..............................................................................
3,305 69
94 32
For expenses o f other real estate,v iz .; Taxes.............
For other expenses not including expenses o f other
real estate nor other expenses o f banking house..
7,826 85
42 ,80 9
Other paym ents, v iz .:
Cash short ...........................................................................
$44 50
U. S. War Savings and T h rift stam ps........................
2,351 85
Insurance premiums advanced........................................
110 99
2 ,5 0 7
Cash on hand and in banks or tru st com panies December 31,
345,629
1918, after transactions o f the d a y .................................................

64
00
17
71

36

34
11

$ 4 ,9 4 4 ,8 6 5 33
S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accou nts Janu ary 1, 1919......................................
18,183
N um ber o f accounts opened o r reopened durin g the y e a r ...........
2 ,3 6 2
Num ber o f accounts closed du rin g th e y e a r ..................................
2 ,4 2 0
A m oun t deposited du rin g th e year, n ot in clu d in g dividends
credited fo r that p e rio d ........................................................................ $ 2 ,3 7 8 ,6 8 1 23
A m ount w ithdraw n durin g the y e a r ............................................... 2 ,9 1 9 ,2 0 6 64
A m oun t o f dividends credited and paid fo r the year, v iz .:
A pril 1, 1918......................................................................... $199,917 14
October 1, 1918....................................................................
196,536 20
A verage am ount o f each a ccou n t Janu ary 1, 1919.........................
R ate per cent, o f dividends t o depositors during the six months
ending M arch 31, 1918..........................................................................
Rate per cent, o f dividends t o depositors du rin g the six months
ending September 30, 1918.................................................................
T otal earnings o f the bank fo r the yea r 1918, after allow ing
fo r am ortization o f premiums and discou n ts.............................
Total expenses o f the bank fo r the year 1918..................................
D ividends paid to depositors fo r th e yea r 1918.............................
N et earnings fo r the year 1918 over expenses and dividends
paid t o depositors ................................................................................




396,453 34
707 52
4
4
$545,465 54
42 ,88 6 63
396, 453 34
106,125 57

40

R eport

on

S ayings B anks

3. ALBANY EXCHANGE SAVINGS BANK, ALBANY
[450 B roadw ay; incorporated 1856]
MARTIN T . NACHTMANN, President.
ALDEN CHESTER, Vice-President.
CARL M. CRONK, Asst. Treasurer.
JOHN J. GALLOGLY,
MATTHEW J . WALLACE,
JACOB S. PRIEDMAN,
D. C. SLINGERLAND,
ALDEN CHESTER,
CHARLES H. TURNER,

MATTHEW J. WALLACE, Vice-President.
LEMUEL B. W ILMARTH, Treasurer.

T R U S T IE S
THOMAS E. FINBGAN,
M. T. NACHTMANN,
W . S. VAN DBRZEE,
LESTER H. HBLMES,
JOHN A. BECKER,
ARTHUR T. PALMER,

JAMES H. MEAD,
LEMUEL B. WILMARTH,
HUGH A. ARNOLD,
GEORGE B. RUSSELL,
HENRY H. BENNIT,
CHAS. H. HAHN.

F IN A N C IA L
RESOURCES
$ 2 ,1 6 4 ,2 8 2 50
Bonds and m o rtga ges.......................
S tock and bond investm ents, v iz .:
Original
Estimated
Stocks and bonds
value
cost
market value
$133,400 00
United States ........................
$133,400 00
$133,40000
Cities in other States..........
194,352 00
207,452 89
196,27651
Cities in this State...............
342,239 78
361,881 23
343,49994
Towns in this State.............
43,176 00
46,371 78
44,40275
Villages in this State...........
191,853 40
196,843 42
188,07913
89,496 58
88,25450
School districts in this State
84,860 00
584,872 12
484,20000
Railroad m ortgage bonds___
539,000 00
$1,528,780 18 $1,619,268 02 $1,478,112 ®
—........ ........- ...................... ......... .- .........
B ank ing house and lo t, book value, $44,148,78; cost, $44,148.78;
■actual cash v a lu e .....................................................................................
Cash on deposit in banks or tru st com pan ies..................................
Cash o n hand .................. ...........................................................................
T o ta l o f collectible in terest...................................................................
A m ount o f all other assets, v iz .: R ent accru ed ............................. '

1 ,4 7 8 ,1 1 2 83
4 4 ,1 4 8
8 5 ,4 1 0
10,603
6 0 ,553
127

78
37
64
29
08

$ 3 ,8 4 3 ,2 3 8 49
LIAB ILITIES
P rin cip a l...........................................$ 3 ,5 2 7 ,1 0 4 17

A m oun t due depositors, v iz .:
O ther lia b ilities, v iz .:
Dividends accrued on deposits to January 1, 1919—
Expenses incurred, but unpaid, v iz .:
Taxes accrued ..............................................................
. Elevator rent accrued.................................................

$34,0® 56

2,561 40
75 00
-----------------Surplus o n -m a rk et v a lu e ........................................................................

36, 672 96
275,461 36
$ 3 ,8 4 3 ,2 3 8 49

Surplus on par value, $330,128.71.
C ASH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
Cash on hand and irf banks or tru st com panies Janu ary 1,
1918, 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 fro m banking h ou se........................................................
F rom m o r t g a g e s .........................................................................................
F rom redem ption o f stocks and b on d s...............................................
From stock s and bonds sold (to ta l p a r value, $ 1 3 2 ,1 5 0 )...........




$42,094
942,932
189,309
724
114,260
116,113
132, 056

40
27
92
96
00
98
25

$1,537,491 78

A lbany C ounty

41

PAYMENTS
T o depositors, including dividends paid to th em ........................... $ 1 ,1 8 0 ,6 1 3 62
F or loans on bonds land m ortga ges............................. , ......................
11, 000 00
F or stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l par value, $ 2 3 0 ,2 0 0 ).........................................
215,887 50
F or in terest (o th er than dividend paym ents to depositors) . . . .
776 30
F or cu rrent expenses o f the bank, v iz .:
For salaries ......................................................................
$8,725 00
For taxes : Banking house, $1,250.77 ; surplus, $2,431.33;
3,735 10
on mortgages, $50.00.......................................................
For expenses, except taxes o f banking h ouse:
Repairs .........................................................................
137 02
Insurance ....................................................................
180 36
Other ..............................................................................
1,993 36
For other expenses, not including expenses o f other
read estate nor other expenses o f banking house..
8,600 55
-----------------i g , 4 3 i 39
Other paym ents, v iz .:
Insurance to adjust fire loss, over credit o f interest
returned, cash short....................................................
$456 46
D eposit w ith subscription for bonds...........................
14,312 50
--------------------------------------- 14,768 90
Cash on hand and in banks or tru st com panies December 31,
1918, after transactions o f the d a y .................................................
90,014 01
$ 1 ,53 7 ,4 9 1 78
S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts January 1, 1919......................................
Num ber o f accounts opened o r reopened during the yea r. . . .
Num ber o f accounts closed du rin g th e y e a r ....................................
A m ount deposited durin g the year, n ot including dividends
credited fo r th a t p e rio d .......................................................................
A m ount w ithdraw n during th e y e a r ...............................................
A m oun t o f dividends credited and paid fo r the year, viz :
A pril 1, 1918.......................................................................
$70,953 31
68,755 34
October 1, 1918....................................................................
A verage am ount o f each account Janu ary 1, 1919.........................
R ate per cent, o f dividends t o depositors during the six m onths
ending M arch 31, 1918 .....................................................................
R ate per cent, o f dividends to depositors du rin g the six months
ending Septem ber 30, 1918.................................................................
T ota l earnings o f the bank fo r the yea r 1918, 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 th e yea r 1918.............................
D ividends paid t o depositors fo r th e year 1918...............................
N et earnings fo r the yea r 1918 over expenses and dividends
paid t o d e p o s it o r s ...................................................................................




6,7 15
1.394
1,442
$942,932 27
1 ,1 8 0 ,6 1 3 62

139,708 65
525 25
4
4
$1S3,517 38
18,627 88
139, 708 65
2 5 ,1 8 0 85

42

R eport
4.

on

S avings B anks

ALBANY SAVINGS BANK, ALBANY

[20 North Pearl street; incorporated 1820]
MARCUS T. HUN, President.
HENRY D. RODGERS, Treasurer.
LEDYARD COGSWELL, Vlee-Pres.
FREDERICK TOWNSEND, Secretary.
TBOS. I. VAN ANTWERP, Vice-Pres.
EDWARD J. TOOLE, Asst. Treasurer.

TRUSTEES
MARCUS T . HUN,
FRED’ S TOWNSEND,
T. I. VAN ANTW ERP,
GRANGE SARD,
JAMES F. TRACY,
HENRY M. SAGE,
LEDYARD COGSWELL,
LUTHER H. TUCKER,
E. N. HUYCK,
EDWARD N. McKINNEY, GERRIT Y. LANSING,
ROBERT C. PRUYN,
ARTHUR W. ELTING.
WM. V. R. BRVING,
EDWIN CORNING,
BENIAM IN W . ARNOLD,
CHARLES E. MCELROY.
F IN A N C IA L
RESOURCES
Bonds and m ortga ges.............................................................................. $ 2 1 ,6 1 0 ,0 7 1 00
S tock and bond investm ents, viz.:
Par
Original
Estimated
Stocks and bonds
value
cost
market value
Huffed States ..................... $2,291,646 00 $2,291,646 00
$2,291,64600
136,000 00
140,904 85
138,74000
State o f New York..................
State o f Massachusetts . . . .
50,000 00
55,160 00
43,50000
Cities in other states........... 2,240,500 00
2,410,368 78
2,173,97000
2,236,501 93
2,072,336S
O
Cities in this state.................. 2,088,375 00
Counties in this s ta te ........
812,454 43
860,484 42
790,82034
Villages in this s t a t e ........
10,000 00
10,987 50
9,90000
School districts in this sta te
69,300 00
71,292 00
71,92700
Railroad m ortgage b on d s....
9,602,000 00 10,050,279 47
8,296,27000
$17,300,275 43 $18,127,633 96 $15,889,109 84
P rom issory n otes .......................................................................................
B anking house and lo t, book value, $225,000; cost, $395,039.30;
actu a l cash v a lu e ...................................................................................
O ther real estate, book value, $1,104,163.72; cost $1,104,163.72; a ctu a l ca d i value......................... ............................................
Cash on dep osit 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 a ll oth er assets, v iz .:
Rent accrued ....................................................................
$3,400 00
U. S. T h rift Stamps...........................................................
212 11

15, 880,1 0 9 84
4 ,1 0 0 00
2 2 5 ,0 0 0 00
9 7 2 ,8 4 6
1 ,2 9 9 ,7 3 8
2 2 7 ,4 4 3
334, 980

88
52
78
61

3 ,6 1 2 11

$40,567,802 74
L IA B IL IT IE S

......... ’ ...................

A m oun t due depositors, v iz .:
Principal ..............................................................................$37,406,420 79
Dividends credited or to be credited for the six
months ending w ith December 31, 1918........................
723,175 52
------------------ $ 3 8 ,1 2 9 ,5 9 8 31
O ther lia b ilitie s:
D eposits on account o f L ib erty Bonds
p u r c h a s e d ....................................................................................................
5 7 ,3 2 2 89
Surplus on m arket v a lu e .......................................................................
2 ,3 8 0 ,8 8 3 54

Surplus on par value, $3,792,049.13.

$ 4 0 ,5 6 7 ,8 0 2 74
......... :.;..... 1....
.

C ASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
BECEIPTS
Cash on hand and in banks o r tru st com panies Janu ary 1,
1918, before transactions o f the d a y ............................................... $ 2 ,0 2 7 ,4 6 5
F rom depositors, n ot in clud ing dividends cred ited ......................
6 ,1 6 1 ,1 8 3
F rom interest on loans, deposits and investm ents....................
1 ,8 2 5 ,6 6 6
From rents from other real esta te........................................................
63 ,22 6
F rom m ortgages .......................................................................................
8 23,362
F rom redem ption o f stocks and b on d s...............................................
1 ,1 4 5 ,3 2 7
F rom stocks and bonds sold (to ta l par value, $ 8 9 4 ,7 5 0 ).........
8 9 4 ,7 5 0
F rom loans p a id ..........................................................................................
100,000
F rom real estate s o ld .................................................................................
1 36,500




94
12
77
70
00
82
00
00
00

43

A lbany C ounty
From all oth er sources, viz.:
Refund insurance premiums advanced, cash over,
sale old m aterial..............................................................
Interest on W . S. S., exchange and refunds..............
Settlement o f claim ...........................................................
Sale W ar Savings and T h rift Stamps........................
Partial payments on Liberty Bonds...........................

$173 48
77 83
238 68
1,632 89
277,359 73
$2 7 9,3 8 2 61
$ 1 3 ,4 5 6 ,8 6 5 05

PAYMENTS
T o depositors, in cluding dividends paid t o th em ............................. $ 7 ,8 3 9 ,1 9 8
4 1 8 ,1 5 0
For loans on bonds and m ortga ges....................................................
4 ,1 0 0
F or loans on stocks and bonds and oth er secu rities....................
F o r stocks and bonds purchased, in cluding prem ium s, com m is­
sions, etc. (to ta l par value, $ 2 ,8 9 8 ,9 9 6 )......................................
2 ,8 9 8 ,3 9 0
F or interest (o th er than dividend paym ents t o d e p o s ito r s )-----7 ,4 1 3
F or current expenses o f the bank, v iz .:
For salaries ........................................................................
$49,081 90
For taxes : Banking house, $7,721.48; surplus, $20,481.89
28,203 37
For expenses except taxes o f banking house:
Repairs .........................................................................
3,398 59
Insurance ....................................................................
113 10
Other ............................................................................
6,131 54
For expenses o f other real estate, v iz .:
Repairs .........................................................................
21,531 %
Insurance ....................................................................
2,297 18
17,465 45
Taxes ...........................................................................
Other ............................................................................
26,893 77
For other expenses, not including expenses o f other
17,047 72
real estate nor other expenses o f banking house..
172,154
F or real estate acquired by foreclosure, o r in settlem ent o f
debts due the b a n k ...................................................................................
369,147
Other paym ents, v iz .:
$232 27
Cash short and interest adjustm ents...........................
Paid for W ar Savings and T h rift Stamps..................
858 99
Payments, Liberty Bond account..................................
220,036 84
221,128
Cash on hand and in banks o r trust com panies December 31,
1918, after transactions o f the d a y .................................................
1 ,5 2 7 ,1 8 2

67
00
00
40
90

60
08

10
30

$ 1 3 ,4 5 6 ,8 6 5 05
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, 1919......................................
5 2 ,8 2 0
Number o f accounts opened or reopeped du rin g the y e a r . . . .
5 ,667
Number o f accounts closed du rin g th e y e a r ......................................
7,1 15
A m ount deposited du rin g the yeai-, n ot including dividends
credited fo r th a t p e rio d ....................................................................... $ 6 ,1 6 1 ,1 8 3 12
A m ount w ithdraw n du rin g the y e a r .................................................
7, 839,198 67
A m ount o f dividends credited and paid for the year, v iz .:
July 1, 1918........................................................................... $727,881 52
January 1, 1919....................................................................
723,175 52
Paid but not credited........................................................
67 27
1 ,4 5 1 ,1 1 4 31
A verage am ount o f each account Janu ary 1, 1919....................
721 88
Rate per cent, o f dividends to depositors during th e s ix m onths
ending June 30, 1918.........................................................................
4
Rate per cent, o i dividends t o depositors durin g the six m onths
ending December 31, 1918.................................................................
4
T ota l earnings o f the bank fo r the year 1918, after allow in g fo r
am ortization o f prem ium s and discou n ts............................. ..
$1,857, 199 55
Total expenses o f the bank fo r the year 1918.............................
172,386 87
D ividends paid to depositors fo r the yea r 1918...........................
1 ,4 5 1 ,0 5 7 04
N et earnings fo r the year 1918 over expenses and dividends
paid to dep o sitors...................................................................................
233, 755 64




44

R eport
5.

oh

S avings B anks

COHOES SAVINGS INSTITUTION, COHOES
[65 Remsen street; Incorporated 1851]

GEORGE H. MCDOWELL, President.
GEO. R. WILSDON, Vice-President.

JAMES W . ABLETT, Vice-President.
CHARLES R. FORD, Treasurer.

TRUSTEES
GEO. H . MCDOWELL,
JAMES W. ABLETT,
GEORGE R. WILSDON.
GEORGE A . HARPER,
JOHN W. KLINE,
JAMES AITKEN,

JOHN LAUGHLIN,
MERRITT D. HANSON,
W ILLIAM D. BOSWELL,
CHARLES R. FORD,
ISAIAH FELLOWS,

JAMES S. CALKINS,
JOHN F. MCGARRAHAN,
CHARLES L. M ITCH ELL
W ILLIAM J. ELLIOTT,
NAPOLEON FAVREAU,
JOHN F. SCOTT.

F IN A N C IA L
RESOURCES
Bonds a n d m ortga ges................................................................................. $ 1 ,7 0 7 ,7 4 2 00
S tock and bond investm ents, v iz .:
Original
Estimated
Par
Stocks and bonds
value
market value
cost
1467,350 00
$464,334 40
United States ........................
$467,350 00
19,181 40
19,000 00
State o f C alifornia...............
20,000 00
606,436 07
Cities In other States...........
581,000 00
577,950 00
640,306 42
Cities in this State...............
648,778 52
627,293 57
Counties in this State..........
15,000 00
16,864 50
14,850 00
20, m 00
Towns In this State...............
20,000 00
19,570 00
119,909 71
109,940 46
Villages in this State...........
112,854 00
School districts in this State
6,000 00
6,088 00
6,000 00
526,350 00
Railroad mortgage bonds—
610,000 00
610,827 98
$2,472,510 42

$2.512,463 58

$2,368,392 03
2 ,3 6 8 ,3 9 2 03

Banking bouse and lo t, book value, $25,000; cost, $55,770.49;
actu al cash v a l u e ...................................................................................
Cash on deposit in banks o r tru st c o m p a n ie s ..................................
Gash on. h a n d ................................................................................................
T o ta l o f collectib le interest .................................................................

2 5 ,0 0 0
172,252
1 5 ,27 2
4 0 ,9 7 0

00
32
11
69

$ 4 ,3 2 9 ,6 2 9 15
LIAB ILITIES
A m oun t due depositors, v iz .:
Principal .............................................................................$3,937,643 68
D ividends credited or to be credited fo r the six
months ending w ith December 31, 1918.....................
74,483 72
------------------ $ 4 ,0 1 2 ,1 2 7 40
Surplus on m arket valu e ......................................................................
317,501 75
$ 4 ,3 2 9 ,6 2 9 15
Surplus on pa r value, $421,620.14.
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 1918
RECEIPTS
Cash o n hand a nd in banks o r tru st com panies Janu ary 1, 1918,
before tran saction s o f th e d a y ........................................................
$1 1 7,7 6 0 97
F ro m depositors, n o t in clud ing dividends cred ited .........................
915,031 21
F r a n in terest o n loans, deposits and investm ents...........................
193,353 79
F rom m ortgages
..................................................................................
169,043 00
F rom redem ption o f stocks and b on d s...............................................
171,8 9 9 17
F rom stock s and bonds sold (to t a l par value, $ 3 1 9 ,4 4 5 )...............
3 2 1 ,8 2 0 00
F r a n loans p a i d ................ .........................................................................
15,285 00
F rom a ll oth er sources, v iz .:
Pocket bank deposits........................................................
$56 0®
Cash over ...........................................................................
140 00
-------------------------------------- 198 00




$ 1 ,9 0 4 ,3 8 9 14

A lbany C ounty

45

PAYMENTS
$932,614 28
T o depositors, in clu d in g dividends paid t o t h e m .........................
8 3 ,13 0 00
F or loans on bonds and m ortgages ....................................................
1 5,285 00
F or loans on stocks and bands and other s e c u r it ie s ................
For stocks and bonds purchased, in cluding prem ium s, com m is­
6 6 2 ,4 7 0 40
sions, etc. (to ta l p a r value, $ 6 6 5 ,4 8 6 )...........................................
2 ,2 0 7 12
F or interest (o th 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 salaries .......................................................................
$10,604 00
For taxes : Banking house, $700.66; surplus, $2,232 40;
2,935 46
on m ortgages, $2.50.........................................................
F or expenses, except taxes, o f banking h ouse:
R ep a irs.................................................................................
12687
Insurance ......................................................................
17997
O th e r....................................................
2,80106
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
4,510 55
2 1 ,15 7 91
Cash an hand and in banks or tru st com panies December 31,
187,524 43
1918, a fte r transactions o f the d a y ......... .....................................
$ 1 ,9 0 4 ,3 8 9 14
S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts January 1, 1 9 1 9 ......................................
Number o f accounts opened o r reopened during 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 du rin g th e year, n o t in clud ing dividends
credited f o r th a t period .....................................................................
A m ounts w ithdraw n du rin g th e year ...............................................
Am ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1918...........................................................................
$73,609 24
74,483 72
January 1, 1919....................................................................
A verage am ount o f each account Ja n u a ry 1, 1919 ....................
R ate per cent, o f dividends t o depositors du rin g the s ix m onths
ending June 30, 1918 ..........................................................................
R a te per cent, o f dividends t o depositors du rin g th e six m onths
ending Decem ber 31, 1918.................................................................
T ota l earnings o f th e bank fo r the year 1918, a fter allow in g
fo r am ortization o f prem ium s and discou n ts.............................
T ota l expenses o f th e ta n k fo r th e yea r 1918...............................
D ividends paid to depositors for th e yea r 1918.............................
N et earnings fo r th e yea r 1918 o v e r expenses and dividends
pa id to depositors ................................................................................




9, 679
2 ,6 9 0
1,919
$915,031 21
932,6 1 4 28

148.092 96
414 52
4
4
$189,787 02
2 1 ,15 7 91
148.092 96
20 ,53 6 15

46

R eport

of

S avings B anks

6. HOME SAVINGS BANK OF THE CITY OF ALBANY, ALBANY
[13 North Pearl street; Incorporated 1871]
THOMAS AUSTIN, President.
ARTHUR H. GEER, Treasurer.
SAMUEL L. MUNSON, Vice-President. FREDERICK W. W HITE, Asst. Treasurer.
HOWARD N. FULLER, Vice-President. J. EDWARD POOLE, Secretary.
TRU STEES
THOMAS AUSTIN,
GEORGE W. McEWAN,
W. W. BATCHELDEB,
DAVID A. THOMPSON,
W ILLIAM MCDONALD,
GEO. W. VAN SLYKB,
SAMUEL L. MUNSON
HOWARD N. FULLER,
SILAS SPORBORG,
NOEL S. BENNETT,
THOMAS R. WARD, Jr.,
JAMES E. GLAVIN,
W ILLIAM SAYLBS.
HILDRETH J. ACKROYD, WM. T. BYRNE,
M. W . TEBBUTT,
J. EDWARD POOLE,
E. A. VON SALIS.
F IN A N C IA L
RESOURCES
B onds and m ortga ges..........................................................
$ 0 ,3 3 3 ,3 0 6 87
Stocks and bon d investm ents, v iz .;
Par
Original
Estimated
Stocks and bonds
cost
value
market value
United States ..................
$280,100 00
$280,100 00
$280,100 00
State o f Colorado...........
20,200 00
20,
15,554 00
State o f Tennessee........
19,497 04
19,304 00
19,798 39
State o f New M exico_
_
30,000 00
30,482 40
30,300 00
State o f Louisiana........
8,000 00
8,242 40
8,480 00
Cities in other States...........
332,866 38
354,791 49
345,926 85
Cities in this State...............
341,826 23
342,560 44
357,891 31
Counties in this State........
8,000 00
7,863 44
7,750 00
25,870 17
25,281 10
Towns in this State............
25,240 00
Villages in this State............
152,140 00
152,272 90
158,820 28
80,502 80
School districts in this State
76,572 46
76,977 60
R ailroad m ortgage b on d s.... 2,555,742 00
2,600,665 69
2,278,978 12

mm

$3,849,790 06

$3,846,227 77 $3,583,618 05

P rom issory notes .....................................................................................
B anking house and lot, book value, $100,000; cost, $100,987.57;
actu al cash v a lu e.....................................................................................
O ther rea l estate, book value, $26,084.29; cost, $26,883.29;
actual cash v a lu e .....................................................................................
Cash on dep osit in banks or tru st com panies..................................
Cash on h a n d ................................................................................................
T o ta l o f collectible in terest...................................................................
A m ou n t o f a ll oth er assets, v iz .:
Rent accrued ....................................................................
$329 98
Insurance premiums and taxes advanced..................
4,633 55

3 ,5 8 3 ,6 1 8 05
7 ,9 0 2 42

100,000 00
2 6 ,08 4
625,789
9 ,5 0 9
94 ,92 2

29
98
12
32

4 ,9 6 8 53
$ 1 0 ,7 8 6 ,1 5 6 58
LIAB ILITIES
A m oun t d u e depositors, v iz .:
P rin cip a l ................................................................... $ 9 ,7 9 6 ,0 6 2 24
D ividends credited or t o be credited for the
s ix m onths ending w ith December 31, 1918
1 88,252 44
-------------------------- $ 9 ,9 8 4 ,3 1 4 68
Other lia b ilities, v iz .:
Dividends accrued on deposits to January 1, 19J9—
$352 90
Expenses incurred, but unpaid, v iz .:
Advertising .................................................................
170 95
E lectricity ....................................................................
26 00
-------------------------------------- 548 85
Surplus on m arket v a lu e ......................................................................
801,293 05
$ 1 0 ,7 8 6 ,1 5 6 58
Surplus on par value, $1,067,465.06.
—....C A S H T R A N S A C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks or tru st com panies January 1,
1918, before transactions o f th e d a y ................................................
702,249 13
F rom depositors, n o t in clu d in g dividends cred ited .......................
1 ,9 6 4 ,3 6 0 88
F rom interest on loans, deposits and investm ents.........................
5 2 6 ,5 1 8 36
F rom rents from banking h ou se.............................................................
7 ,1 2 0 82
F rom rents fro m oth er real e sta te......................................................
2 ,3 1 2 00




A lbany County

47

From m ortgages .........................................................................................
$426,060 70
From redem ption o f stocks and b on d s...............................................
446,162 42
F rom stocks and bonds sold (to ta l par value, $ 7 7 5 ,7 0 8 ).............
752,0 8 4 45
From loans paid
...................................................................................
51,501 81
F rom real estate sold .............................................................................
12,091 14
From all other sources, viz.:
Insurance premiums and taxes advanced, refunded..
$3,666 92
Adjustm ent o f depositor’s account, appraisal expense
refunded, rent.................................................................
164 23
Profit on sale o f bonds...................................................
792 00
-------------------------------------- 4 ,6 1 3 15
PAYMENTS

$ 4 ,8 9 5 ,0 7 4 81
...............................

T o depositors, including dividends paid to th em ......................... $ 2 ,5 3 7 ,4 0 3 44
F or loans on bonds
and m ortga ges......................................
6 9,012 57
F o r loans on stocks
and bonds and other secu rities......
42 ,24 3 18
F or stocks and bonds purchased, in clud ing prem ium s, com m is­
sions, etc. (to ta l par value, $ 1,375,386.54)..............................
1 ,5 4 8 ,4 1 8 86
F o r interest (oth er
than dividend paym ents to d e p o s ito r s ). . 5 ,3 3 9 57
F o r current expenses o f the bank, v iz .:
For salaries .......................................................................
$19,174 36
For taxes : Banking house, $2,886.84; surplus, $6,536.76
9,423 60
For expenses, except taxes o f banking house:
R epa irs...........................................................................
119 17
Insurance ....................................................................
74 28
Other ..............................................................................
4,642 74
For expenses of other real estate, v iz .:
Repairs ...........................................................................
525 57
T a x e s ..............................................................................
908 89
Other ............................................................................
114 60
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
8,880 28
-------------------------------------- 4 3 ,8 6 3 49
F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ...........................................................
5 ,1 3 5
28
Other paym ents, v iz .:
Insurancepremiums, repairs and taxes advanced..
$7,86184
Assessment and cash short...........................................
230 26
Tax adjustment on real property sold......................
207 22
-------------- —
8 ,2 9 9 32
Cash on hand and in banks o r trust com panies December 31,
1918, after tran saction s o f the d a y ...............................................
6 3 5 ,3 5 9 10
$ 4 ,8 9 5 ,0 7 4 8 f
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, 1919......................................
15,087
N um ber o f accounts opened or reopened du rin g the y e a r . . . .
2 ,2 3 3
Num ber o f accounts closed during the y e a r ....................................
2 ,1 4 8
A m oun t deposited du rin g the year, n ot in cluding dividends
credited fo r th a t p e r io d ........................................................................ $ 1 ,9 6 4 ,3 6 0 83
A m ount w ithdraw n during the y e a r ...................................................
2 ,5 3 7 ,4 0 3 44
A m oun t o f dividends credited and paid fo r the year, viz.:
July 1, 1918........................................................................... $190,235 98
January 1, 1919....................................................................
188,252 44
Credited at other periods.................................................
1,566 58
-----------------3 80,054 00
Average am ount o f each account Janu ary 1, 1919.........................
665 88
R ate per cent, o f dividends to depositors durin g the s ix m onths
ending June 30,1918..............................................................................
4
R ate per cent, o f dividends to depositors durin g the s ix m onths
ending December 31, 1918..............................................................
4
T ota l earnings o f the bank fo r the yea r 1918, after a llow in g
fo r am ortization o f prem ium s and d iscou n ts...............................
$554,737 40
T o ta l expenses o f th e bank fo r the year 1918 ..................................
4 5 ,09 8 62
Dividend® paid to depositors for the year 1918.............................
380,054 00
N et earnings fo r the year 1918 over expenses and dividends
paid to depositors ................................................................................
129,584 78




48

R eport

on

S ayings B anks

7. THE MECHANICS & FARMERS SAYINGS BANK, ALBANY
[63 State street; incorporated 18551
DUDLEY OLCOTT, President.
ROBERT OLCOTT. Treasurer.
CHARLES NEWMAN, Vice-President.
CLARENCE W . STEVENS, Secretary.
IRA F. JAGGER, Assistant Treasurer.
T R U ST E E S
DUDLEY OLCOTT.
JAMES McCREDIE,
CHARLES NEWMAN,
NATHAN HATCH,
EDWARD W. VISSCHER. PARKER CORNING,
ROBERT OLCOTT,
W ILLARD M. DOUGLAS,
W. L. L. PELTZ,

A. PAGE SMITH,
CHARLES H . DOUGLAS,
JOHN T . NORTON,
WALTER L. PALMER,

F IN A N C IA L
RESOURCES
Bonds and m ortgages ..............................................................................
Stock and bond investm ents, v iz .:
Par
Original
Estimated
Stocks and bonds
value
cost
market value
United States ........................
?193,500 00
$193,334 00
$193,346 00
State o f New Y ork..............
25,000 00
25,005 40
25,250 00
State o f M assachusetts.......
25,000 00
25,375 00
21,780 00
Cities in other S ta te ..........
391,000 00
416,570 07
376,776 00
Cities in this State..............
502,000 00
523,376 65
466,8® 00
Counties in this State........
14,000 00
14,000 00
13,600 00
Villages in this State...........
29,000 00
29,894 88
29,190 00
Railroad m ortgage b on d s....
621,000 00
679,977 50
636,190 00
$1,800,500 00 $1,907,623 60 $1,662,966 00
-............ - ...... ......... ........... .........
Cash on deposit in banks or tru st com panies..................................
T o ta l o f collectible interest ...................................................................

$805,881 89

1 ,6 6 2 ,9 6 6 09
170,865 12
2 9 ,71 3 69
$ 2 ,6 6 9 ,1 2 6 70

LIAB ILITIES
A m ou n t due depositors, v iz .: P r in cip a l............................................. $ 2 ,2 6 1 ,5 6 7 57
O ther lia b ilities, v iz .: D ividends accrued on deposits to Ja n ­
u a ry 1, 1919..............................................................................................
2 1 ,5 5 0 00
Su rplu s on m arket v a lu e.......................................................................
3 86,009 13
$ 2 ,6 6 9 ,1 2 6 70
Surplus on par value, $523,543.13.
CASH

T R A N SA C TIO N S

D U R IN G T H E

YEAR

1918

RECEIPTS
Cash on hand and in banks or tru st com panies J anu ary 1,
1918, 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 ro m m ortgages .......................................................................................
Frofri redem ption o f stocks and b on d s...............................................
F ro m stocks and bonds sold (to ta l pa r value, $ 7 3 ,0 0 0 )..............
F rom rea l estate sold .....................................................

$181,147
426,6 2 4
117,593
5 3 ,0 8 5
96,717
70,561
6 ,0 63

20
11
91
00
37
80
05

$951,792 44
PAYMENTS
T o dep ositors, including dividends paid t o th e m .........................
F o r loans on bonds and m ortg a g es......................................................
F o r stock and bonds purchased, in clud ing prem ium s, com m is­
sions, etc. (to ta l par value, $175,(WO)...........................................




$586,288 96
500 00
1 7 5 ,(WO 00

49

A lbany C ounty
F o r cu rrent expenses o f the bank, v iz .:
For salaries ....................................................................
F or ta x es: Surplus...........................................................
For rent o f banking room s..............................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ouse..

$4,550 00
3,757 96
3,000 00
922 89
$ 12,230 85

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 .:
U. S. W ar Savings stam ps..............................................
$834 00
Adjustm ent o f interest...................................................
10 46

6 ,0 6 3 05

844 40
Cash on hand and in banks or tru st com panies December 31,
1918, after transactions o f the d a y .................................................

170,865 12
$951,792 44

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, 1919......................................
Number o f accounts opened or reopened du rin g the y e a r .........
N um ber o f accounts closed durin g the y e a r ..................................
A m oun t deposited du rin g the year, n ot including dividends
credited fo r th a t p e r io 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, v iz .:
April 1, 1918........................................................................
$44,294 15
October 1, 1S18....................................................................
43,344 55
Credited at other periods..............................................
10 46
Average am ount o f each account January 1, 1919.........................
R ate per cent, o f dividends to depositors during the six m onths
ending M arch 31, 1918..........................................................................
R ate per cent, o f dividends to depositors du rin g the six months
ending Septem ber 30, 1918.................................................................
T ota l earnings o f the bank fo r the yea r 1918, 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 the year 1918..................................
D ividends paid to depositors for the year 1918.............................
N et earnings fo r the year 1918 over expenses and dividends
pa id to depositors ..............................................................................




4 ,0 3 0
389
500
$420,624 11
586,288 96

8 7.649 16
560 34
4 and 3 %
4 and 3 %
$111,667 81
12,230 85
87.649 16
11,787 80

50

R eport
8.

oh

S avings B anks

MECHANICS’ SAYING BAN S, COHOES
[89-91 Remsen street; incorporated 1873]

RODNEY W ILCOX, President.
GBORGB OLIVER, Vice-President.
RODNEY W ILCOX,
C. J. GRIFFIN,
FRANK TBSSIER,
EDWARD FOLEY,
JAMBS S. CLUTE,
j o h n e . Ma c l e a n ,

JAMBS S. CLUTE, Treasurer.
G. W. HUMPHREYS, Secretary.

T R U ST E E S
G. W . HUMPHREYS,
W m B. L b ROY,
GBORGB OLIVER,
W ILLIAM B. THORN,
ANDREW SCOTLAND,
RICHARD BOLTON,

JOHN F. REAVY.
JAY GILBERT,
THOS. H. SPRAGUE,
HENRY L. SHAVER.
S. T. PAGE.
M. J. KEOUGH.

FINAN1CIAD
RESOURCES
Bonds and m o r t ^ g e s .............................
$ 1 ,0 4 0 ,1 1 5 00
S tock and bond investm ents, v iz .:
Original
Estimated
Par
Stocks and bonds
value
cost
market value
3223,650 00
3223,650 00
United States ........................
3223,650 00
Cities in other States...........
59,500 00
63,968 75
60.665 00
Cities in this State...............
105,910 00
103,688 50
108,181 93
14.665 00
14,780 00
14,645 90
Towns in this State...............
Villages in this State............
47,380 00
48,945 34
46,956 20
School districts in this State
10,000 00
11,284 00
10,450 00
Railroad m ortgage bonds—
431,000 00
367,210 00
421,973 97
3892,220 00

3892,649 89

3827,284 70
827,2 8 4 70

Other real estate, book value, $12,400; cost, $13,738.57; aetual
cash valu e ..............................................................................................
Cash on deposit in banks or tru st com pan ies..................................
Cash on hand ............................................................................................
T o ta l o f collectible in terest......................................................................

1 2 ,4 0 0
121,7 8 8
2 0 ,8 6 2
3 3 ,3 6 5

00
16
47
35

$ 2 ,0 5 5 ,8 1 5 68
LIAB ILITIES
A m oun t due depositors, v iz .:
Principal ............................................................................. 31,892,985 33
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.....................
35,149 59
------------------ $ 1 ,9 2 8 ,1 3 4 92
Surplus on m arket v a lu e ........................................................................
1 2 7 ,6 8 0 76
$ 2 ,0 5 5 ,8 1 5 68
Surplus on par value, $192,616.06.
C A S H T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks or tru st com panies Janu ary 1,
1918, b efore tran saction s o f the d a y .............................................
P rom depositors, n ot in cluding dividends cred ited ....................
P rom interest on loans, dep osits and investm ents.........................
F rom rents from oth er real esta te......................................................
P rom m ortgages .......................................................................................
F rom redem ption o f stocks and b on d s...............................................
P rom stocks and bonds sold (to t a l pa r value, $ 1 1 5 ,0 5 0 )............
F rom a ll oth er sources, v iz .:
B ills payable, loan..............................................................
350,<W 00
O
U. S. T h rift Stamps...........................................................
790 00




$91,527
580,841
93,447
1 ,5 4 5
9 3 ,0 5 2
113,7 6 0
1 15,050

36
77
59
00
00
00
00

5 0 ,7 9 0 00

$1, 140,013 72

51

A lbany C ounty
PAYMENTS
T o depositors, in cluding dividends paid to th em ...........................
F or loans on bonds and m ortga ges........................................................
Bonds purchased, including prem ium s, com m issions, etc.
(to ta l par value, $ 3 4 8 ,2 5 1 ).................................................................
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 th e bank, v iz .:
For salaries .......................................................................
$8,317 00
For ta x es: Surplus, $748.76; on mortgages,$10.00........
7® 76
F or rent o f banking room s..............................................
1,200 00
F or expenses o f other real estate, v iz .:
Repairs .........................................................................
656 48
154 70
Insurance ....................................................................
Taxes ..............................................................................
332 18
Other ..............................................................................
34 99
F or other expenses, not Including expenses o f other
real estate nor other expenseso f bankinghouse..
3,145 05

$577,214 63
6 ,8 0 0 00
348,251 00
1,707 30

1 2,600 16
Other paym ents, v iz .:
Loan paid ...........................................................................
U. S. T h rift stam ps...........................................................

$50,000 00
790 00
5 0 ,79 0 00

Cash on hand and in banks or tru st com panies December 31,
1918, after transactions o f the d a y .................................................

142,650 63
$ 1 ,1 4 0 ,0 1 3 72

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, 1919......................................
N um ber o f accou nts opened or reopened during 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 during the year, n ot in cluding dividends
credited fo r th a t p e rio d .......................................................................
A m oun t w ithdraw n during th e y e a r ....................................................
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1918...........................................................................
$34,642 12
January 1, 1919....................................................................
35,149 59
A verage am ount o f each account Janu ary 1, 1919.........................
R ate per cent, o f dividends to depositors during the s ix m onths
ending June 30, 1918............................................................................
R ate per cent, o f dividends to depositors du rin g the six m onths
• ending Decem ber 31, 1918............................................................ ..
T ota l earnings o f the bank fo r the year 1918, a fter 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 1918..................................
D ividends paid to depositors fo r the year 1918......................—
Net earnings fo r the year 1918 over expenses and dividends
pa id to depositors ................................................................................




4 ,2 8 5
1,4 82
962
$580,841 77
577,214 63

69.791 71
449 97
4
4
$94,223 32
13,898 77
69.791 71
10,532 84

52
9.

K eport

on

S avings B anks

THE NATIONAL SAVINGS BANK OF THE CITY OF ALBANY, ALBANY
[70-72 State street; Incorporated 1868]

JAMES H. MANNING, President.
CHARLES GIBSON, Vice-President.

FREDERIC B. STEVENS. Treasurer.
EDWARD J. HUSSEY, Vice-President.

TRUSTEES
JAMES H. MANNING,
JONAS MUHLFELDER,
W. M. WOODWARD,
CHARLES GIBSON,
EDWARD J. HUSSEY,

JAMES F. MAAS.
FRANK SHERMAN,
SYDNEY T . JONES,
THOMAS A . HORTON,

EDWIN L. DRAPER,
FREDERIC B. STEVENS,
EDGAR M. HAINES,
CHARLES M. STUART.
JOHN ALLEN JAMISON, J b.

ITNANICIAL
RESOURCES
Bonds and m ortgages .......................
S tock and bond investm ents, v iz .:
Original
Estimated
Stocks and bonds
value
cost
market value
United States ........................ $932,600 00
$932,600 00
$932,600 00
55,000 00
State o f New York...............
60,000 00
63,662 50
State o f Louisiana...............
180,000 00
178,236 00
185,400 00
522,643 78
Cities in other States...........
493,000 00
603,083 60
506,690 66
498,981 00
Cities in this State...............
489,400 00
80,364 40
81,918 38
Counties in this State........
79,000 00
69,563 10
68,256 00
Towns in this State...............
67,900 00
280,600 00
Villages in this State...........
289,863 48
284,670 30
43,776 16
School districts in this State
42,985 00
43,366 60
2,749,490 00
Railroad m ortgage bonds— 2,885,000 00
2,994,262 68
$6,500,485 00

$6,673,016 74

,5 7 5 ,1 3 8 00

$5,401,211 90

P rom issory notes .......................................................................................
B anking house and lot, book value, $145,000; cost, $151,386.46;
actu al cash value ...................................................................................
Other real estate, b ook value, $ 8 ,5 5 9 .31-2; cost, $8,559.32;
actu al cash value ...................................... ..........................................
Cash on deposit in banks or tru st com panies....................................
Cash on h a n d ................................................................................................
T o ta l o f collectible in t e r e s t ...................................................................
A m ou n t o f a ll other assets, v iz .:
Deposit against Liberty Bond installm ent payments $109,207 31
846 00
U. S. W ar Savings Stamps..............................................

5 ,4 0 1 ,2 1 1 90
1 ,6 90 00
145,000 00
8 ,5 5 9
5 5 8 ,1 1 6
6 0 ,3 9 4
167,585

32
17
73
87

110,053 31
$ 1 5 ,0 2 7 ,7 4 9 30
LIAB ILITIES
A m ou n t due depositors, v iz .:
Principal ..............................................................................$13,684,921 34
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.....................
265,843 59
------------------ $ 1 3 ,9 5 0 ,7 6 4 92
Other lia bilities, v iz .: L ibertv bond dep osits..................................
109,207 31
Surplus on m arket v a lu e..........................................................................
9 67,777 06
$ 1 5 ,0 2 7 ,7 4 9 30
Surplus on par value, $1,067,050.16.
C ASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks or tru st com panies Janu ary 1,
1918, b efore transactions o f the d a y ...............................................
F rom depositors, n ot in cluding dividends cred ited ....................
From interest o n loans, deposits and investm ents....................
F rom rents from other real e sta te......................................................
F rom m ortgages .........................................................................................
F rom redem ption o f stocks and b on d s...............................................




$530,561
2 ,8 2 1 ,3 0 9
716,671
120
583,835
6 4 3 ,5 3 0

02
97
34
00
43
00

A lbany C ounty
From stocks and bonds sold (to ta l par value, $ 6 2 7 ,1 0 0 )...........
From loans p a i d .........................................................................................
F rom a ll oth er sources, v iz .:
Cash over, sale o f equipment and old material,
sundries ..........................................................................
$574 15
P rofit on bonds sold...........................................................
84 97
Difference between par value and purchase price of
bonds .................................................................................
2,133 40

53
$627,407 88
17,385 80

2 ,7 9 2 52
$ 5 ,9 4 3 ,7 0 3 96
PAYMENTS
T o depositors, in cluding dividends paid to th em ......................... $ 3 ,4 8 9 ,3 0 6 99
F or loans on bonds and m ortga ges....................................................
424,9 0 8 43
F or loans on stocks and bonds and oth er securities.......................
19,075 80
F or stocks and bonds purchased, in cluding premiums, com m is­
sions, ete. (to ta l par value, $ 1 ,3 3 0 ,4 5 0 )......................................
1 ,3 3 0 ,4 7 9 64
F or interest (oth er than dividend paym ents to d e p o s ito r s ). . .
6 ,8 9 5 01
F or current expenses o f the bank, v iz .:
For salaries .......................................................................
$23,680 01
For taxes : Banking house, $3,285.12 ; surplus, $5,926.63 •
on m ortgages, $85.75........................................................
9,297 50
For expenses, except taxes, o f banking house:
Repairs .........................................................................
203 90
Insurance ....................................................................
S3 21
For expenses o f other real estate, v iz .:
Insurance ......................................................................
9 45
Taxes ..............................................................................
191 13
Other ..............................................................................
16 15
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house—
16,067 06
-------------------------------------- 49 .54 8 41
F or real estate acquired b y foreclosure, or in settlement o f
debts due the b a n k .................................................................................
3 ,5 3 3 58
Other paym ents, v iz .:
U. S. W ar Saving Stamps purchased...........................
$824 00
621 20
Cash short and sundries.................................................
-------------------------------------- 1 ,4 45 20
Cash on hand and in banks or tru st com panies December 31,
1918, after transactions o f the d a y .................................................
618,510 90
$ 5 ,9 4 3 ,7 0 3 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, 1919......................................
20,108
Num ber o f accounts opened or reopened du rin g the y e a r ............
3 ,2 09
N um ber o f accounts closed du rin g the y e a r ....................................
4 ,0 6 2
A m oun t deposited du rin g the year, n ot including dividends
credited fo r that p e r io d ..................................................................... $ 2 ,8 2 1 ,3 0 9 97
A m oun t w ithdraw n durin g the y e a r ................................................... . 3 ,4 8 9 ,3 0 6 99
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1918........................................................................... $267,332 14
January 1, 1919...................................................................
265,843 59
-----------------533,175 73
Average am ount o f each account Janu ary 1, 1919....................
693 79
R a te per cent, o f dividends to depositors durin g the six m onths
ending June 30, 1918............................................................................
4
R ate per cent, o f dividends to depositors durin g the six m onths
ending Decem ber 31, 1918...................................................................
4
T ota l earnings o f the bank fo r the y ea r 1918, a fter a llow in g
fo r am ortization o f prem ium s and d iscou n ts...............................
$701,553 79
T ota l expenses o f the bank fo r the year 1918....................................
4 9 ,5 4 8 41
D ividends paid t o depositors fo r the year 1918.............................
5 3 3 ,1 7 5 73
N et earnings fo r the year 1918 over expenses and dividends
paid t o depositors ................................................................................
118,829 65




B R O N X C O U N TY

10.

THE BRONX SAVINGS BANE; NEW YORK CITY
[429 Tremont avenue; incorporated 1906]

W ILLIAM B. AITKEN, President.
T . TASSO FISCHER, Com ptroller.
CHAS. H. SCHUMANN. Vice-President. F. BRBVOORT ALLIN, Secretary.
JOHN F. HOLMES, Vice-President.
W ILLIAM E. STEVENS, Treasurer.
LIVINGSTON WETMORE, Vice-President. WM. L. CUNNINGHAM, Asst. Treas.
W ILLIAM B. AITKEN,
F. BREVOORT ALLIN,
CLIFTON B. BULL,
WM. I. BROWN,
NELSON F. GRIFFIN,

T R U ST E E S
JOHN F. HOLMES,
CHAS. II. SCHUMANN,
W ILLIAM E. STEVENS,
H. P. HARRINGTON,
JOHN S. SUTPHEN,
J. OSTRAM TAYLOR.

LIVINGSTON WETMORE,
T . TASSO FISCHER,
ARTHUR M. KAN®,
THOS. A. NOSWORTHY.
WM. L, DENNIS,

F IN A N C IA L
RESOURCES
Bonds and m ortgages ............................................................ ................. $ 1 ,2 9 3 ,4 6 6 42
S tock a nd bond investm ents, viz.:
Par
Original
Estimated
Stocks and bonds
value
cost
market value
$283,850 00
$289,85000
United States ........................
$289,850 00
Cities in other States...........
146,500 00
147,360 06
146,29527
127,022 08
135,40000
138,241 00
Cities in this State..............
2,537 49
2,50000
Villages in this State...........
2,500 00
395,523 51
369,02000
Railroad m ortgage bonds_
_
403,000 00
$979,090 00

$972,293 14

$943,066 27
......— - .....—
Other real estate, book value, $6,535.71; cost, $6,535.71;
actu al cash va lu e .................................................................................
Cask on deposit in
banks or tru st com panies................
Cash o n hand ..........................................................................................
T o ta l o f collectible
in terest....................................................
A m ou n t o f a ll oth er assets, v iz .: V ault and fix tu res................

*J43,065 27
6 ,5 3 5
317,002
21 ,56 7
2 0 ,8 5 6
1 ,0 0 0

71
10
75
28
00

$ 2 ,6 0 3 ,4 9 3 53
LIABILITIES
A m oun t due depositors, v iz .:
Principal ............................................................................. $2,422,994 41
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.....................
39,267 83
------------------ $ 2 ,4 6 2 ,2 6 2 24
O ther lia b ilities, v iz .: L iberty Bqnd d ep osits.............................
93 ,57 7 00
Surplus on m arket v a lu e.......................................................................
4 7 ,65 4 29
$ 2 ,60 3 ,4 9 3 53
Surplus on par value, $83,679.02.
C A SH T R A N SA C TIO N S D U RIN G TH E Y E A R 1918
RECEIPTS
Cash on hand and in banks or trust com panies January 1,
1918, before transactions o f the d a y ...............................................
From depositors, n o t including dividends cred ited .......................
From interest on loans, deposits and investm ents......................
F rom m ortgages ........................................................................................
From redem ption o f stocks a n d b on d s.............................................
F rom stock s and bonds sold (to ta l par value, $ 1 4 0 ,9 5 0 )............
[5 4 ]




$153,005
1 ,5 00 ,4 8 1
107,265
51 ,05 6
4 6 6 ,5 2 4
140,950

80
68
33
66
40
00

55

B ronx County
From a ll oth er sourees, v iz .:
Cash over, adjustm ents and corrections.....................
Rebate in foreclosure action .........................................
Liberty Bond installm ent payments by subscribers..

$243 79
100 00
302,128 00
------------------

$3 0 2 , m

79

$ 2 ,7 2 1 ,7 5 5 66
PAYMENTS
T o depositors, in cluding dividends paid t o th em .........................$ 1 ,0 5 1 ,3 4 8 58
193,166 66
F or loans o n bonds and m ortgages .................................................
F or stocks and bunds purchased, including prem ium s, com ­
m issions, etc. (to ta l par value, $649,4 5 0 .2 3 ).............................
630,722 88
For in terest (oth er than dividend paym ents t o d e p o s ito r s ). .
3, 729 46
F or cu rrent expenses o f to e bank, v iz .:
For salaries ......................................................................
$10,936 55
For rent o f banking room s.............................................
3,666 69
For expenses o f other real estate.................................
61 07
For other expenses, not including expenses o f other
real estate nor other expenses o f banklug house..
4,736 42
19,400 73
F or real estate acquired b y foreclosure, o r in settlem ent o f
6 ,5 3 5 71
debts due the b a n k ..............................................................................
Other paym ents, v iz .:
Cash short, adjustm ents and corrections...................
$281 79
Liberty Bonds purchased fo r subscribers...................
478,000 06
478,281 79
Cash an hand and in banks or tru s t com panies December 31,
1918, a fter transactions o f the d a y ...............................................
338,569 85
$ 2 ,7 2 1 ,7 5 5 66
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accounts Janu ary .1, 1919....................................
9 ,6 93
N um ber o f accounts opened o r reopened durin g toe y e a r . . . .
2, 829
Num ber o f accounts closed du rin g the y e a r ..................................
1,789
A m ount deposited durin g the year, n o t in clu d in g dividends
credited fo r th a t p e r io d ..................................................................... $ 1 ,50 0 ,4 8 1 68
A m oun t •withdrawn du rin g the y e a r .................................................
1 ,0 5 1 ,3 4 8 58
A m oun t o f dividends credited and pa id fo r the year, v iz .:
July 1, 1918...........................................................................
$31,179 22
January 1, 1919...................................................................
39,267 83
70.447 05
A verage am ount o f each account January 1, 1919.......................
254 03
R ate per cent, o f dividends t o depositors during th e six m onths
ending Jun e 30, 1918........................................................................
3%
Rate per cent, o f dividends t o depositors during th e six months
ending December 31, 1918.................................................................
4
T ota l earnings o f the bank fo r the yea r 1918, after allow ing
fo r am ortization o f prem ium s and d iscou n ts.............................
$107,035 75
T otal expenses of the bank fo r the year 1918................................
19,782 52
D ividends paid t o depositors fo r th e year 1918.........................
70.447 05
N et earnings fo r the year 1918 over expenses and dividends
paid t o depositors ..............................................................................
16,806 18




56

R eport
11.

on

S avings B anks

DOLLAR SAYINGS BANE, NEW YORK CITY

[2808 Third avenue; Incorporated 1890]
BRIAN G. HUGHES, President.
W ILLIAM M. KERN, Treasurer.
JAMES M. LACOSTE, Vice-President.
HARRY F. REGAL. Secretary.
GEO. M. MACKELLAR, Vice-President. AUGUST J. D IPPEL, Asst. Secretary.

TRUSTEES
BRIAN G. HUGHES,
W ILLIAM M. KERN,
JAMBS M. LA COSTE,
BERNARD FRENCH,
GEO. M. MACKELLAR,
FRED BERRY,

CHARLES P. FABER,
CHARLES W . BOGART,
JAMES S. BRYANT,
W ILLIAM S. BECKLEY,
J. HARRIS JONES.
HENRY W. NEUBECK,

HOWELL T. MANSON.
FRED A . WURZBACH,
SAMUEL TRIMMER,
JAMES L. WELLS,
JOSEPH B. HARE.
ROBERT GERBRACHT, Jr .

FINANCIAL
RESOURCES
$ 9 ,1 5 4 ,2 0 0 00
Bonds and m ortgages .........................
S tock an d bond investm ents, v iz .:
Estim ated
Original
Par
Stocks and bonds
value
cost
market value
$1,073,626 43 $1,077,100 00
United S ta te ........................ $1,077,100 00
89,550 00
89,219 52
State o f M assachusetts.......
90,000 00
141,000 00
Cities in other S ta te ........
142,959 86
140,000 00
1,283,430 00
1,300,325 81
Cities in this State.............. 1,273,500 00
89,410 00
Counties in this State........
89,000 00
91,642 55
4,470,671 49
4,293,060 00
Railroad m ortgage b on d s... 4,308,000 00
$6,977,600 00

$7,168,446 66

$6,973,550 00
6 ,9 7 3 ,5 5 0 00

B anking house and lot,' book value, $253,180.63; cost, $253,180.63; a ctu a l cash v a lu e .................................................................
Other real estate, book value, $55,472.16; cost, $55,472.16;
actual eash v a lu 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 a ll other assets, v iz .: L iberty Bond p a rtia l pay­
m en t stam ps ..........................................................................................
LIAB ILITIES

2 5 3 ,1 8 0 63
5 5 ,4 7 2
1 ,0 6 6 ,2 2 6
157,142
101,623

16
65
46
97

19,321 00

$ 1 7 ,7 8 0 ,7 1 6 87
.................. ........-

A m ou n t due depositors, v iz .:
Principal ............................................................................ $16,145,388 66
Dividends credited or to be credited for the six
279,023 47
months ending with December 31, 1918......................
------------------ $ 1 6 ,4 2 4 ,4 1 2 12
Other lia b ilities, v iz .: D eposits t o secure paym ent o f assess­
m ents .........................................................................................................
500 00
Surplus on m arket v a lu e ........................................................................ 1 ,3 5 5 ,8 0 4 75

Surplus on par value, $1,359,854.75.

$ 1 7 ,7 8 0 ,7 1 6 87
— ..-.................... r

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 1918
RECEIPTS
Cash on hand and in hanks o r tr u s t com panies January 1,
1918, before transactions o f the d a y ............................................. $ 1 ,0 6 3 ,5 1 7
From depositors, n ot in cluding dividends cred ited ....................
6 ,4 9 6 ,2 3 2
From interest on loans, deposits and investm ents.......................
787,458
F rom rents from banking house ........................................................
200
F rom rents from oth er real esta te........................................................
4 ,2 81
F rom m ortgages ........................................................................................
117,2 0 0
F rom redem ption o f stocks and b on d s...............................................
1 ,9 6 3 ,0 0 0
F rom stocks and bonds sold (to ta l par value, $ 1 ,5 7 9 ,0 5 6 .2 1 )..
1 ,5 7 8 ,8 8 1
F rom bankers’s acceptances and b ills o f exch ange.........................
199,197
F rom real estate sold ............................................................................
1 2 ,0 4 9
From a ll oth er sources, v iz .:
Subscribers’ installm ents on Liberty Bonds...............
$24,153 00
U. S. th rift stamps sold, receipts from auxiliary
banks and tax b ill service...........................................
1,840 80




81
08
75

00
00
00
00
21
22
67

57

B ronx County
Liberty Bond partial payment eoupon stamps sold ..
Fourth Liberty Loan Bond account.............................

159,679 00
58,728 00
------------------

$2 4 4,4 0 0 80
$ 1 2 ,4 6 6 ,4 1 8 54
PAYMENTS
...................=====
T o d ep ositors, in clu d in g dividen ds paid to tliem .......................$ 5 ,3 5 6 ,7 8 8 26
F or loans on bonds and m ortga ges...................................................
5 1 ,5 0 0 00
F or bankers’ acceptances and b ills o f exch an ge.............................
199,197 22
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l p a r valu e,$ 5 ,10 3 ,8 9 9 .96 )..................................
5 ,1 0 1 ,5 2 0 10
F or in terest (oth er than dividen d paym ents to d e p o s ito r s )..
34,951 44
F or cu rren t expenses o f the bank, v iz .:
For salaries ......................................................................
156,214 22
For ta x es:
Banking house, $1,860.00; surplus
$10,930.70 ............................................................................
12,790 70
For expenses, except taxes, o f banking house:
Repairs .........................................................................
31 85
Insurance ....................................................................
97 15
Other .................................................
4,050 26
For rent o f banking room s............................................
4,260 00
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
483 89
Insurance ......................................................................
61 79
Taxes ..............................................................................
1,541 78
Other ..............................................................................
1,106 62
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
9,651 56
--------- --------9 0 ,2 8 9 82
F or real estate acquired b y foreclosu re, o r in settlem en t o f
debts du e th e b a n k .............................................................................
9 ,0 7 6 85
O ther paym ents, v iz .:
Payments on new bank building................................... $123,241 36
U. S. T h rift Stamps, assessments on “ other real
esta te” .............................................................................
7,797 38
Liberty Bond paym ents...................................................
268,687 00
-----------------399,725 74
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fte r tran sa ction o f th e d a y ............................................... .. 1 ,2 2 3 ,3 6 9 11
$ 1 2 ,4 6 6 ,4 1 8 54
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, 1919......................................
49,065
Num ber o f accounts opened o r reopened during the y e a r . . . .
11,702
N um ber o f accounts closed during th e year ..................................
11, 366
A m ount deposited during the year, n ot including dividends
credited fo r th a t period ..................................................................... $ 6 ,4 9 6 ,2 3 2 08
Am ount w ithdraw n durin g the y e a r .................................................... 5 ,3 5 6 ,7 8 8 26
A m oun t o f dividends credited and paid fo r the year, viz.:
Ju ly 1, 1918.............................................................................
January 1, 1919......................................................................

$235,647 47
279,023 47

-----------------A verage amount o f each account Janu ary 1, 1919 ....................
Num ber o f accounts which exceeded $3,000, exclusive o f d iv i­
dends credited, at the last tr ia l balance o f depositors’ ledgers,
excep t deposits arisin g from society accounts, o r ju d icia l
sales, o r tru st funds, or by ord er o f a cou rt o f record o r o f a
surrogate. ..................................................................................................
T otal am ount o f such a c c o u n t s ............................................................
Rate per cent, o f dividends to depositors durin g the six m onths
ending June 30, 1918 ..........................................................................
R ate per cent, o f dividends t o depositors during th e s ix m onths
ending Decem ber 31, 1918 .................................................................
T ota l earnings o f th e bank fo r the yea r 1918, a fter allow in g for
am ortization o f prem ium s and discounts ..................................
T otal expenses o f the bank fo r th e year 1918 ..................................
D ividends paid to depositors fo r th e yea r 1918.............................
N et earn ings fo r the year 1918 ov e r expenses and dividends
paid to depositors ................................................................................




514,670 94
334 75

2
$6, 017 56
3%
4
$760,456 35
90. 824 52
5 1 4 ,6 7 0 94
154.960 89

58

K epokt
12.

on

S avings B anks

NORTH SIDE SAYINGS BANK, NEW YORK CITY
[3230 Third avenue; incorporated 1905]

JOHN G. BORGSTEDE, President.
FRED H. WBFER, Vice-President.

GEORGE N. REINHARDT. Treasurer.
ARTHUR A. EKIRCH, Secretary.

T R U ST E E S
FRED. H. WEFER,
CHAS. F. MINOR,
GEO. N. REINHARDT,
GEORGE WOHN,
JOHN RIEGELMAN,
JOSEPH M ILLER,
CONSTANTIN WAGNER, CHRISTIAN RIEGER, Ja.
F IN A N C IA L
RESOURCES
Bonds and m ortga ges...........................
........................................... $ 1 ,1 2 5 ,9 4 5 00
Stock and bond investm ents, v iz .:
Original
Estimated
Stocks and bonds
value
cost
market value
$407,379 13
$409,560 00
United States ........................ $409,550 00
12,773 28
12,740 00
13,000 00
State o f C alifornia..............
18,240 00
18,430 00
State o f Idaho........................
19,000 00
2,035 00
2,100 00
2,000 00
State o f New M exico...........
12,387 00
12,840 00
State o f M ississippi...............
12,000 00
23,454 09
23,000 00
State o f South D akota........
23,000 00
370,361 89
366,568 00
Cities in other States...........
357,400 00
Counties, villages and towns
42,052 98
42,540 00
in adjoining States...........
41,000 00
216,963 62
215,593 69
Cities in this State..............
216,111 67
2,796 90
2,910 00
Counties in this State........
3,000 00
15,652 52
15,554 03
16,101 00
Towns in this State..............
41,798 62
41,463 13
Villages to this State...........
43,367 78
6,013 38
5,880 00
School districts in this State
6,000 00
63,911 39
55,130 00
Railroad mortgage bonds—
66,000 00
JOHN G. BORGSTEDE,
JOHN M. HAFFEN,
HENRY HAHNENFELD,
JOHN C. HEINTZ,

$1,226,530 45

$1,235,819 80

$1,224,298 85

P rom issory notes .......................................................................................
Other real estate, book value, $14,911.80; cost, $18,689; actual
cash value ................................................................................................
Cash on deposit in banks or tru st com panies..................................
Cash on hand ..............................................................................................
T o ta l o f collectible interest ...................................................................
A m oun t o f a ll oth er assets, v iz .:
V ault and fixtures............................................................
$1,000 00
U. S. T h rift Stam ps!.......................................................
400 00

1 ,2 2 4 ,2 9 8 85
5 ,1 0 5 00
1 3,689
164,442
3 8 ,19 8
2 6 ,7 6 6

00
55
02
25

1 ,4 0 0 00
LIAB ILITIES

$ 2 ,5 9 9 ,8 4 4 65
::....... ;..

A m oun t due depositors, v iz .:
Principal ............................................................................. $2,377,237 62
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.....................
39,472 11
------------------ $ 2 ,4 1 6 ,7 0 9 73
Other liabilities, v iz .:
Liberty Bond deposits...................................................... $114,644 00
D eposit as security on real estate con tra ct..............
500 00
-----------------115,144 00
Surplus on m arket v a lu e ..........................................................................
6 7 ,9 9 0 92

Surplus on p a r value, $70,222.52.

$ 2 ,5 9 9 ,8 4 4 65
.... ,t. : „ „ = = : = s

C ASH TR A N SA C T IO N ’S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks or tru st com panies Ja n u a ry 1,
1918, before transactions o f the d a y ...............................................
$128,034
P rom depositors, n ot in cluding dividends cred ited ....................... 1 ,3 1 9 ,6 8 0
P rom interest on loans, deposits and in vestm ents.........................
1 0 3 ,1 2 6
F rom rents fro m other real esta te........................................................
592
F rom m ortgages .......................................................................................
2 3 ,2 5 0




71
26
49
00
00

59

B ronx County
From redem ption o f stocks and b on d s..................................
From stocks and bonds sold (to ta l par value, $241,850)
F rom loans paid ..........................................................................
F rom real estate sold .................................................................
From a ll oth er sources, v iz ,:
$500 00
Received on real estate contract.................................
Sale U. S. W ar Savings Stamps...................................
3,000 00
Profit on bonds sold, appraisal fees, rebates..............
277 83
Payments by Liberty Bond subscribers......................
114,644 00

$ 3 32,700
242,233
130
4 ,3 7 5

00
02
00
00

118,421 83
$ 2 ,2 7 2 ,5 4 3 31
PAYMENTS
T o depositors, in cluding dividends paid t o t h e m .........................
$952 253 97
F or loans on bonds and m ortgages ...................................................
19,600 00
F or loans on stocks an d bonds and other s e c u r it ie s ....................
5 ,2 3 5 00
F or stocks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l par value, $ 1,009,880.28).................................. 1 ,0 1 3 ,8 5 5 71
F o r interest- (oth er than dividend paym ents to d e p o s ito r s ). .
.
4 ,8 8 3 33
F o r current expenses o f the bank, v iz .:
F or salaries .......................................................................
$9, K 49
M
For ta x es: Banking house, $26,00; surplus, $262.19..
288 19
For expenses, except taxes, o f banking h ouse:
Insurance .....................................................................
52 76
Other .............................................................................
158 00
For rent o f banking room s............................................
3,958 41
For expenses o f other real estate, v iz .:
Repairs ..........................................................................
1,049 90
Taxes .............................................................................
383 26
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ouse..
4,383 73
-------------------------------------- 19,378 74
F or real estate acquired b y foreclosure, or in settlem ent o f debts
due th e b a n k ............................................................................................
3 ,1 7 3 29
Other paym ents, v iz .:
Repayment to trustees....................................................
$4,400 00
U. 8. W ar Savings and T h rift Stamps........................
3,400 00
Vault and fixtures account.............................................
735 20
Payments Liberty Bond account.............................. ..
42,987 50
—---------------•
5 1,522 70
Cash on hand and in banks o r tr u s t com panies December 31,
1918, a fter transactions o f the d a y ...............................................
202,0 4 0 57
$ 2 ,2 7 2 ,5 4 3 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, 1 9 1 9 ......................................
9 ,0 3 0
N um ber o f accounts opened o r reopened du rin g the y e a r ...........
2 ,8 7 0
Number o f accounts closed du rin g th e y e a r ..................................
1,904
Am ount deposited du rin g the year, n ot in cluding dividends
credited fo r th a t p e r io d ..................................................................... $ 1 ,3 1 9 ,6 8 0 26
A m oun t w ithdraw n during the year ...............................................
952,253 97
A m oun t o f dividends credited and paiid fo r th e year, v iz .:
July 1, 1918................................................................. $31,993 96
January 1, 1919...................................................................
39,472 11
71 .46 6 07
A verage am ount o f each accou nt January 1, 1 9 1 9 .........................
267 63
R ate per cent, o f dividends t o depositors du rin g th e six m onths
3%
ending Jun e 30, 1918 ..........................................................................
R ate per cent- o f dividend® t o depositors du rin g th e six m onths
ending December 31, 19i8 .................................................................
4
T ota l earnings o f th e bank fo r the yea r 1918, a fter allow in g fo r
am ortization o f prem ium s and discounts ..................................
$104,149 85
T ota l expenses o f the bank fo r th e yea r 1 9 1 8 ..................................
19,378 74
D ividends p a d t o depositors fo r the year 1 9 1 8 .............................
7 1.466 07
N et earnings fo r the year 1918 over expenses and dividends
paid t o d e p o s it o r s ...................................................................................
13,305 04




BROOME COUNTY

13.

BINGHAMTON SAVINGS BANK, BINGHAMTON
[97 and 99 C ollier street; incorporated 1867]

CHAS. W. GENNET, President.
CHARLES M. STONE, Vice-President.
JOHN G. ORTON. Vice-President.

ASBURY C. DEYO, Treasurer.
S. J. HIRSCHMANN, Secretary.

TRUSTEES

JOHN G. ORTON,
CHARLES W. GENNET,
EDWARD P. MCKINNEY, CHARLES M. STONE,
GEORGE M. HARRIS,
S. J. HIRSCHM ANN,
LEW IS M. WEED,

GEO. C. BAYLESS,
CHARLES A. WEED,
WILLIAM H. OGDEN
ASBURY C. DEYO.

F IN A N C IA L
RESOURCES
Bonds and m o r t g a g e s ....................
$ 3 ,4 9 9 ,1 8 0 00
S tock and bond investm ents, v iz .:
Original
Estimated
Stocks and bonds
value
cost
market value
United States........................ $128,460 00
$128,460 00
$128,460 00
State o f M assachusetts........
100,000 00
101,250 00
81,000 00
355,382 78
Cities in other States...........
340,000 00
324,620 00
Cities in this State............... 1,766,000 00
1,785,775 »3
1,703,801 50
446,000 00
Counties in this State..........
453,537 96
437,110 00
Villages in this State...........
14,717 40
14,717 40
14,317 33
School districts in this State
5,650 00
5,702 19
5,478 25
Railroad m ortgage bonds___
875,000 00
881,800 00
710,500 00
$3,675,827 40

$3,726,626 19

$3,405,287 08
3 ,4 0 5 ,2 8 7 08

B anking house and1 lot, book value, $65,000 ; cost, $73,000;
actu al cash v a l u e ...................................................................................
Other real estate, book value, $5,000; cost, $5,368.27; actu al
cash value ................................................................................................
Gash o n deposit in banks or tru s t c o m p a n ie s ..................................
Cash on h a n d ................................................................................................
T ota l o f collectible interest .................................................................
A m oun t o f a ll other assets, v iz .:
Land contract ...................................................................
$2,600 00
Rent accrued ....................................................................
379 59

6 5 ,0 0 0 00
5 ,0 0 0
593,0 0 0
6 0 ,4 0 8
8 5 ,54 9

00
00
19
16

2 ,9 7 9 59
$ 7 ,7 1 6 ,4 0 4 02
LIAB ILITIES
A m oun t due depositors, v iz .:
Principal ............................................................................. $7,124,398 49
Dividends credited or to be credited for the six
months ending w ith December 31, 1918. ..............
116,781 79
------------------ $ 7 ,2 4 1 ,1 8 0 28
Surplus on m arket v a l u e ..........................................................................
475,223 74
$ 7 ,7 1 6 ,4 0 4 02
Surplus on par value, $745,764.06.
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 1918
RECEIPTS
Cash on hand and in banks or tru st com panies Janu ary 1,
1918, b efore transactions o f th e d a y ...........................................
$479,162 12
F rom depositors, n ot in cluding dividends credited ....................
2 ,7 3 9 ,1 8 2 27
From interest on loans, deposits and investm ents ....................
334,263 46




[60 ]

61

B roome County
F rom
From
F ran
From
From

rents fro m banking h o u s e ..........................................................
m ortgages .......................................................................................
redem ption o f stocks and b o n d s ...............................................
real estate sold ..............................................................................
a ll oth er sources, v iz .: L an d c o n t r a c t ..................................

$ 2 ,6 9 9
2 76,165
230,7 3 8
500
500

33
00
20
00
00

$ 4 ,0 6 3 ,2 1 0 38
PAYM EN TS

T o depositors, in cluding dividends paid t o t h e m ............................. $ 3 ,0 7 0 ,7 0 2 02
F or loans on bonds and m ortgages ....................................................
4 6 ,2 0 0 00
F or stock s and bonds purchased, in cluding prem ium s, com m is­
2 5 3 ,4 6 0 00
sions, etc. (to ta l p a r value, $253,460) ......................................
F o r interest (oth er than dividend paym ents t o d e p o s ito r s )-------305 02
F o r cu rrent expenses o f th e bank, v iz .:
F or salaries ........................................................................
$19,827 96
F or ta x es:
Banking house, $1,827.10; surplus,
$4,469.32 ; on mortgages, $31.00......................................
6,327 42
For expenses, except taxes, o f banking house:
385 35
Repairs ..................................
In su rance.......................................................................
105 97
Other ............................
2,878 28
For expenses o f other real estate, v iz .:
Insurance ....................................................................
51 39
Taxes ..........................................................................
58 14
Other ............................................................................
7 65
For other expenses, not inducting expenses o f other
real estate nor otherexpenses o f banking house..
4,124 72
-------------------------------------- 38,766 88
F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the bank ..............................................................................
5 ,3 6 8 27
Cash on band and in banks o r tru st com panies December 31,
1918, a fter tran saction s o f the d a y ...............................................
653,408 19
$ 4 ,0 6 3 ,2 1 0 38
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, 1 9 1 9 ......................................
21,552
N um ber o f accounts opened o r reopened du rin g the y e a r ...........
2 ,541
N um ber o f accounts closed du rin g the y e a r ..................................
3 ,8 13
A m ou n t deposited du rin g th e year, n ot in cluding dividends
credited fo r th a t period ..................................................................... $ 2 ,7 3 9 ,1 8 2 27
A m oun t w ithdraw n du rin g th e yea r ...............................................
3 ,0 6 7 ,3 8 3 06
A m oun t o f dividends credited and pa id f o r th e year, v iz .:
July 1, 1918........................................................................... $118,761 60
January 1, 1919..................................................................
116,78179
Paid but not credited......................................................
3,318 96
-----------------2 38,802 25
335 98
A verage am ount o f each account Janu ary 1, 1919 ....................
R ate per cent, o f dividends t o depositors du rin g the six m onths
ending June 30, 1918 ..........................................................................
3%
R ate per cent, o f dividends t o depositors du rin g the six m onths
ending Decem ber 31, 1918...................................................................
3%
T ota l earnings o f th e bank fo r the yea r 1918, a fter allow in g
fo r am ortization o f prem ium s and discou n ts...........................
$326,465 96
T ota l expenses o f th e bank fo r th e yea r 1918..................................
33 ,76 6 88
D ividends p a id t o depositors fo r th e yea r 1918 ...........................
238,8 0 2 25
N et earnings fo r the year 1918 over expenses and dividends
paid t o depositors ..............................................................................
53 ,89 6 83




62

B epoet
14.

o n

S avings B anks

CHENANGO VALLEY SAVINGS BANE, BINGHAMTON
£2 Chenango street; incorporated 1867]

ARTHUR S. BARTLETT, President.
W ILLIAM W. SISSON, Vice-President.
ARTHUR S, BARTLETT,
C. F. HOTCHKISS,
W ILLIAM W. SISSON,
JAMES W . MANIER,

WALKER P. SHERWOOD, Vice-Pres.
W ILLIAM R. ELY, Treasurer.

TRU STEES
JAMES M. MCNAMARA,
6 E 0 R 6 E P. O’NEIL,
W ILLIAM G. PHELPS,
LESLIE M. WILSON,
WALKER P . SHERWOOD.

ARTHUR L. KENT,
HARRY RUBIN,
GEORGE W. TOPLIFF,
RENNA Z. SPAULDING,

F IN A N C IA L
RESOURCES
B on ds and m ortgages ............................................................................ $ 1 ,1 0 5 ,6 6 8 25
S tock and bond investm ents, v iz .:
Original
Par
Estimated
Stocks and bonds
value
cost
market value
1129,700 00
United States ........................
$129,700 00
3129,700 00
State o f Louisiana................
60,000 00
50,450 00
52,066 00
Cities in other States............
60,000 00
53,288 63
60,600 00
Cities in this State...............
122,600 00
120,227 00
113,072 50
20,000 00
Counties in this State........
21,600 00
22,225 60
Towns in this S ta te ............
2,000 00
2,000 00
2,000 00
Villages in this State...........
37,500 00
37,360 00
38,486 31
School districts in this State
78,836 00
83,474 22 .
85,466 26
Railroad m ortgage b on d s...
-210,000 00
196,306 50
177,600 00
$700,586 00

$699,745 20

Cash on dep osit in banks o r tru st com panies.
Cash on h a n d ...............................................................
T o ta l o f collectible in terest....................................

$665,756 72
665,7 5 6
198,337
4 0 ,4 8 0
2 5 ,1 4 3

72
24
89
23

$ 2 ,0 3 5 ,3 8 6 33
LIABILITIES
A m ou n t due depositors, v iz .:
Principal ............................................................................. $1,937,976 39
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.....................
30,270 74
------------------ $ 1 ,9 6 8 ,2 4 7 13
Surplus on m arket v a lu e .....................................................................
6 7 ,13 9 20
$ 2 ,0 3 5 ,3 8 6 33
Surplus on p a r value, $101,967.48,
C A S H T R A N S A C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash o n b and and in banks or tru s t com panies Janu ary 1,
1918, before tran saction s o f th e d a y .............................................
$139,451
F rom depositors, n o t in clud ing dividen ds cred ited ..................... 1 ,2 0 5 ,5 1 4
F rom interest am loans, deposits and investm ents.......................
9 7 ,4 5 8
F rom m ortgagee ....................................... ................................................
86,387
F rom redem ption o f stocks and b on d s...........................................
13,925
F rom stocks and bonds sold (to ta l par value, $ 4 0 7 ,2 0 0 ).........
4 0 9 ,5 2 9

70
31
97
00
00
13

$ 1 ,9 5 2 ,2 6 6 11
PAYMENTS
T o depositors, in cluding dividends paid t o th em ......................... $ 1 ,2 2 3 ,5 6 1 45
F o r loans on bonds and m ortg a g es...................................................
200 00
F o r stocks and bonds purchased, in clu d in g prem ium s, com mis­
sions, etc. (to ta l pa r value, $ 4 7 4 ,4 0 0 )............................. .............
4 6 8 ,1 6 0 00
F o r interest (o th er than dividend paym ents t o d e p o s ito r s ). . .
900 68,




B roome C ounty
F o r current expenses o f the bank, v iz .:
For salaries .......................................................................
$9,304 85
Ror taxes: Surplus, $614.68; on mortgages, $1.00—
615 58
For rent o f banking room s............................................
3,000 S
O
For other expenses, not Including expenses o f other
real estate nor other expenses o f banking house..
7,697 82
-----------------Other paym ents, v iz .: Cash s h o rt........................................................
Cash on hand and in banks or tru st com panies December 31,
1018, a fter transactions of th e d a y .................................................

63

2 0 ,5 1 8 25
107 60
2 38,818 13
$ 1 ,9 5 2 ,2 6 6 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 I, 1910....................................
13,005
Number o f accounts opened or reopened during the y e a r -----3,691
N um ber o f accounts closed du rin g th e y e a r ..................................
3 ,1 45
A m oun t deposited du rin g th e year, n ot in cluding dividends
credited fo r th a t p e r io d ..................................................................... $ 1 ,2 0 5 ,5 1 4 31
A m oun t w ithdraw n du rin g th e y e a r ...............................................
1 ,2 23 ,5 6 1 45
A m oun t o f dividends credited and pa id fo r th e year, v iz .:
July 1, 1918...........................................................................
$30,292 16
January 1, 1919...................................................................
30,270 74
Credited at other periods................................................
1,145 06
61,707 95
A verage am ou nt o f each account Janu ary 1, 1919......................
151 35
Num ber o f accounts w hich exceeded $3,000, exclusive o f
dividends credited, a t th e la st tr ia l balance o f depositors’
ledgers, excep t deposits arising fro m society accounts, or
ju d icia l sales, o r tru st funds, o r b y ord er o f a cou rt o f
record o r o f a su rroga te.....................................................................
2
T ota l am ount o f such a ccou n ts............................................................
$13,471 02
R a te per eent. o f dividends t o depositors durin g the six m onths
ending June 30, 1918..........................................................................
3%
R ate per eent. o f dividends t o depositors du rin g th e six months
ending D ecem ber 31, 1918.................................................................
T ota l earnings o f th e bank fo r the year 1918, a fter allow ing
fo r am ortization o f prem ium s and discount®.............................
$90,835 08
T otal expenses o f th e bank fo r the year 1918,.............................
20 ,51 8 25
D ividends paid t o depositors fo r the year 1918.............................
61,707 95
N et earnings fo r the yea r 1918 over expenses and dividends
paid t o depositors ..............................................................................
8 ,6 08 88




CAYUGA COUNTY
18. AUBURN SAVINGS B AN S, AUBURN
[74 Genesee street; incorporated 1849]
DAVID M. DUNNING. President.
W ILLIAM S. DOWNER, Treasurer.
NELSON B. ELDBED, Vice-President. ADOLPH K EIL, A ssistant Treasurer.
GEORGE UNDERWOOD, Vice-Pres.
T R U ST E E S
W ILLIAM H. SEWARD, Jr.. W ILLIAM K DOWNER,
HENRY D. NOBLE,
HAROLD G. METCALF,
FREDERICK SEFTON,
HERBERT G. ROBINSON,
SAFFRINB L. DBPBW ,
HENRY D. TITUS,
THOMAS S. RICHARDSON.
F IN A N C IA L
RESOURCES
B onds an d m ortga ges........................................................
$ 3 ,8 9 6 ,7 9 6 00
S tock and bond investm ents, v iz .:
P ar
Original
Estimated
Stocks and bonds
value
market value
cost
$831,891 73
United States ........................ $831,891 73
1831,891 73
State o f M assachusetts........
8,00900
6,880 00
8,536 00
State o f Utah........................
60,009 00
60,731 25
48.500 00
237,000 00
233,840 00
Cities in other States..........
266,006 70
521,703 05
471,545 00
Cities in this State...............
502,670 00
Counties in this State........
25,000 00
25,551 76
23.500 00
12,290 00
Towns in this State...............
13,000 00
13,396 50
8,253 60
8,000 00
7,680 00
Villages in this State..........
25,330 00
29,107 50
School districts in this State
27,000 00
934,088 25
Railroad m ortgage bonds—
896,000 00
785,910 00
DAVID M. DUNNING,
GEORGE UNDERWOOD,
NELSON B. ELDBED,
HOBART L. ROMIG,

$2,598,561 73

$2,679,266 33

$2,447,366 73
2 ,4 4 7 ,3 6 6 73

B anking house and lo t, b ook value, $100,000; cost, $268,831.14; actu al cash, v a lu e .................................................................
O ther real estate, book value, $10,623.83; eost, $10,699.83;
actu a l cash value .................................................................................
Cash on d ep osit in banks o r tr u s t com pan ies................................
Cash on h a n d * ..............................................................................................
T o ta l o f collectible in terest...................................................................
A m ou n t o f a ll oth er assets, v iz .:
R ent accrued .....................................................................
$690 41
Taxes a d va n ced .................................................................
77 S
Due on lib erty Bonds.
25,638 76

100,000 00
1 0,699
370,617
6 4 ,0 4 4
6 3 ,1 6 5

83
42
40
08

2 6 ,4 0 6 41
LIAB ILITIES

$ 6 ,9 8 1 ,0 9 5 87
...- ■.......... .....
;.

A m ou n t due depositors, v iz .:
Principal ............................................................................ $6,330,794 45
Dividends credited or to be credited for the six
months ending with December 31, 1918.....................
121,949 41
------------------ $ 6 ,4 5 2 ,7 4 3 86
O ther lia bilities, v iz .: Expenses incurred, but unpaid, repairs
and sundries .........................................................................................
625 84
Su rplu s on m arket v a lu e ..........................................................................
5 27,726 17
$ 6 ,9 8 1 ,0 9 5
Surplus on pa r value, $678,921.17.
. :~:i' ... .....
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 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Janu ary 1,
1918, before transactions o f the d a y ...........................................
$461,672
F rom depositors, n o t in clu d in g dividends cred ited ....................... 1 ,6 9 9 ,9 3 9
F rom in terest on loans, deposits and investm ents....................
321,461
From rents from banking h ou se........................................................
7 ,2 1 7
F rom rents from oth er real es ta te ......................................................
1 ,9 28
F rom m o r t g a g e s ..........................................................................................
4 5 4 ,7 5 0
F rom redem ption o f stocks and b on d s...............................................
613,8 8 0
From stoeks and bonds sold (to ta l pa r value, $ 2 , 4 4 7 . 2 7 ) . . . . .
2 ,4 4 7
F rom rea l estate s o ld ..............................................................................
2 ,5 0 0
[6 4 ]




87

96
33
95
55
24
00
10
27
00

Cayuga C

65

oun ty

From a ll other sources, v iz .:
Insurance premiums and taxes advanced, repaid,
received for fire losses, sale o f old m aterial, cash
over and adjustm ent o f interest................................
U. S. W ar Savings and T h rift Stamps and Liberty
Bond sold .......................................................................
P atriotic Farm ers’ Fund and accrued interest........
Liberty Bond payments by subscribers......................

$2,784 71
880 W
5,786 86
256,350 81
------------------

$205,802 38
$ 3 ,8 3 1 ,5 9 9 78

PAYMENTS
T o depositors, including dividend's paid t o th em ......................... $ 1 ,8 2 2 ,8 5 5 28
For loans on bonds and m ortga ges...................................................
143,600 00
F or stocks and bonds purchased, in cluding premiums, com m is­
sions,
etc. (to ta l p a r value, $ 1 ,11 4 ,1 4 0 ).......................................
1 ,1 1 4 ,7 8 7 70
For interest ( oth er than dividend paym ents t o d e p o s ito r s ). .
1,740 47
F or current expenses o f the bank, v iz .:
$17,788 25
For salaries .......................................................................
For taxes:
Banking house, $4,204.04; surplus,
$4,942.31 ..............................................................................
9,146 35
For expenses, except taxes, o f banking h ouse:
Repairs .........................................................................
1,220 73
Insurance ....................................................................
487 81
Other ..............................................................................
4,987 90
F or expenses o f other real estate, v iz .:
Repairs ......
2,700 82
Insurance ......................................................................
16 93
Taxes ..............................................................................
550 49
Other ....................
165 35
F or other expenses, not including expenses o f other
real estate nor other expenseso f banking house..
3,677 61
--------------------------------------- 40,751 24
Other paym ents, v iz .:
Insurance premiums and taxes advanced, fire losses
paid, cash short..............................................................
$2,267 68
U. S. W ar Savings and T h rift Stamps and Liberty
Bond purchased .'...........................................................
880 00
3,916 69
P atriotic Farmers’ Fundpaym ents................................
Payments on account o f Liberty Bonds........................
266,133 00
--------------------------------------- 2 73,197 27
Cash on hand and in banks or tru st com panies December 31,
1918, after tran saction s o f the d a y .............................................
'434,661 82
$ 3 ,8 3 1 ,5 9 9 78
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, 1919......................................
13,367
Num ber o f accounts opened or reopened' du rin g th e y e a r . . .
1,384
Num ber o f aeeounts closed du rin g the y e a r ..................................
1,599
A m oun t deposited du rin g the year, n o t in cluding dividends
credited fo r th at p e r io d ..................................................................... $1,699,93® 33
A m ount w ithdraw n du rin g th e y e a r ...............................................
1 ,8 2 2 ,8 5 5 28
A m oun t o f dividends credited and paid fo r the year, v iz .:
July 1, 1918........................................................................... $123,383 94
January 1, 1919...................................................................
121,949 41
Credited at other periods................................................
1,899 54
-----------------247,232 89
Average am ount o f each account Janu ary 1, 1919 ....................
482 72
Rate per cent, o f dividends t o depositors du rin g the six months
ending June 30, 1918..........................................................................
4
Rate per cent, o f dividends t o depositors during the six m onths
ending Decem ber 31, 1918.................................................................
4
T ota l earnings o f th e bank fo r th e yea r 1918, after allow in g
fo r am ortization o f prem ium s and discou n ts.........................
$319,887 62
T otal expense* o f th e bank fo r the yea r 1918 ..................................
4 0 ,9 8 0 63
D ividends paid t o depositors fo r the year 1918 .............................
247,2 3 2 89
N et earnings fo r the year 1918 over expenses and dividends
paid to d e p ositors................................................................................
31 ,07 4 10

3




66

R

16.

eport

on

S a v in g s B

anks

CAYUGA COUNTY SAYINGS BANE, AUBURN
tm -llfi Genesee street; Incorporated 1884]
W . H. MEAKER, Treasurer.
G. V. LOUGHBOROUGH, Asst. Treaa.
A . L . HEMINGWAY, Secretary.

D. WADSWORTH, J%, President.
CHARLES W. BRISTER, Viee-Pres.
CHAS. A. McCa r t h y , Vice-Pres.
WILLIAM H. SEWARD,
BENJAMIN B. SNOW,
WILLIAM H. MEAKER,
CHARLES F. LYON,
CHAS. A. MCCARTHY,
DAVID WADSWORTH, Ju..

TRU STEES
GEORGE B. TURNER,
SIDNEY J. W ESTFALL,
C. F. BALDW IN.
G. V. LOUGHBOROUGH,
HULL GREENFIELD,

FINANCIAL

DANIEL L, RAMSEY,
CHARLES W. BRISTER,
JAMBS E ---------— ,
~ . ELDER,
EDWIN F. METCALF,
IRVING S. ROBINSON,
CHARLES P . MOSHER.

RESOURCES
Bonds a n d m ortga ges.............................................................................. $ 2 ,7 8 4 ,4 1 0 00
S tock and bond Investments, v iz .:
Original
Estimated
Par
Stocks and bonds
value
market value
cost
$606,800 00
United States.......................... $605,800 00
$601,039 00
105,921 87
101,000 00
State o f New York..............
100,000 00
217,022 50
179,050 00
State o f M assachusetts........
200,000 00
67,300 00
62,223 75
Cities in other States...........
60,000 00
223,530 00
213,394 00
Cities in this State...............
215,550 00
19,766 87
19,766 87
Counties in this State............
19,766 87
5,moo
6,000 00
Towns in this State............
6,000 00
990 00
1,025 25
School districts in this State
1,000 00
730,070 00
Railroad m ortgage b o n d s....
856,000 00
891,0% 66
$2,064,116 87

$2,127,614 90

$1,913,190 87
,9 1 3 ,1 9 0 87

B anking house and lo t, b ook value, $78,000; cost, $100,307.17; actual cash v a lu e ...................................................................
O ther real estate, book value, $9,033.71; cost, $9,033.71;
actu al cash v a lu e ...................................................................................
Cash on deposit in banks o r tru st com pan ies................................
Cash on hand ............................................................................................
T o ta l o f collectible in terest.......................................................... ..
A m ou n t o f oth er assets, v iz .:
Land contracts ................................................................
$6,850 00
Insurance premiums advanced......................................
24 57
Rent accrued .....................................................................
371 00
D eficiency Judgment ........................................................
319 52

7 8 ,0 0 0 00
9 ,0 3 3
153,638
4 2 ,0 2 7
4 3 ,6 3 8

71
02
01
64

7 ,5 6 5 09
$ 5 ,0 3 1 ,5 0 3 34
LIAB ILITIES
A m ount due depositors, v iz .:
Principal ............................................................................. $4,634,408 63
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.....................
89,234 72
------------------ $ 4 ,7 2 3 ,6 4 3 35
Other lia b ilities, v iz .:
Liberty Bond deposits......................................................
$36,933 73
Interest accrued on undelivered Liberty Bonds........
177 58
----------------3 7,111 31
Surplus on m arket v a lu e ..........................................................................
2 7 0 ,7 4 8 68

Surplus on par value, $421,674.68.

$ 5 ,0 3 1 ,5 0 3 34
=======:zsr:::::.-.

C ASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies January 1,
1918, b efore tran saction s o f the d a y ...........................................
$398,614
From depositors, n o t in clud ing dividen ds cred ited .....................
1 ,5 0 4 ,9 3 3
F rom interest o n loans, deposits and investm ents.....................
2 2 7 ,8 0 8
F rom rents from banking h ou se........................................................
1 ,791
From rents fro m oth er real esta te...................................................
160
F rom m o r t g a g e s .........................................................................................
1 42,085
F rom redem ption o f stocks a nd b on d s..............................................
2 9 7 ,7 0 8
F rom stock s and bonds sold (to ta l p a r value, $ 2 1 8 ,0 2 1 .7 4 )...
218,0 2 1




77
69
45
75
00
00
37
74

67

C ayuga C ounty
From all oth er sources, v iz .:
Insurance premiums and taxes advanced repaid,
land contracts, surplus in foreclosure action........
U. S. W ar Savings and T h rift S ta m p s..;...................
Payments by Liberty Bond subscribers......................

$1,063 68
10,384 75
224,464 48
------------------

$235,912 91

$ 3 ,0 2 7 ,0 3 6
PAYMENTS
T o depositors, in cluding dividends pa id t o th em ......................... $ 1 ,5 6 7 ,5 4 8
F or loans on bonds and m ortga ges....................................................
6 1 ,82 5
F or stocks and bonds purchased, in cluding premium®, com m is­
9 70,082
sions, etc. (to ta l p a r value, $ 9 7 4,843.09)..................................
1,1 37
F o r interest (oth er th an dividend paym ent t o d e p o s ito r s ). . . .
F o r current expenses o f the bank, v iz .:
For salaries .......................................................................
$13,292 57
For ta x es: Banking house, $2,642.72; surplus, $2,409.57;
on m ortgages, $18.50........................................................
5, O T 79
C
For expenses, except taxes, o f banking house:
Bepairs ...........................................................................
304 44
Insurance ......................................................................
245 88
F or expenses o f other real estate, v iz .:
Repairs .........................................................................
438 67
Insurance ....................................................................
61 60
Taxes ............................................................................
138 &
Other ..............................................................................
#0 29
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house—
4,61345
2 4 ,2 0 3
Other paym ents, v iz .:
Account o f Liberty Bonds purchased for subscribers $194,288 00
U. S. War Savings and T h rift Stamps........................
11,181 86
Insurance premiums and taxes advanced, deficiencies
and taxes after foreclosures, suspense.....................
1,168 20
206,5 7 6
Cash on hand and in bank® or tru st com panies Decem ber 31,
1918, after transactions o f the d a y ...............................................
195,665

68
03
00
09
35

12

06
03

$ 3 ,0 2 7 ,0 3 6 68
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, 1919......................................
10,777
N um ber o f accounts opened o r reopened du rin g th e y e a r . . . .
1,657
Num ber o f account® closed du rin g the y e a r ..................................
1,555
A m oun t deposited du rin g th e year, n o t in cluding dividends
credited fo r th a t p e r io d .................................. .*................................... $ 1 ,5 0 4 ,9 3 3 69
A m ount w ithdraw n du rin g th e y e a r .........................*.........................
1 ,5 6 7 ,5 4 8 03
A m oun t o f dividends credited and pa id fo r th e year, v iz .:
June 30, 1918........................................................................
$89,469 36
December 31, 1918...............................................................
89,234 72
Credited at other periods.................................................
1,489 20
____________
180,193 28
A verage am ount o f each account Janu ary 1, 1919.........................
438 31
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 deposit® a risin g from society accounts, o r
ju d icia l sales, o r tru st funds, o r by ord er o f a cou rt o f record
o r o f a s u r r o g a t e ...................................................................................
6
T otal am ount o f such a ccou n ts............................................................
$18,4 6 2 32
R ate per cent, o f dividends to depositors du rin g the s ix m onths
ending June 30, 1918..........................................................................
4
R ate per cent, o f dividends t o depositors durin g the six m onths
ending Decem ber 31, 1918.................................................................
4
T ota l earnings o f the bank f o r th e year 1918, a fter a llow in g
fo r am ortization o f prem ium s and discou n ts...........................
$231,331 79
T ota l expenses o f the bank fo r the yea r 19il8.............................
2 4 ,20 3 12
D ividends paid to depositors fo r the year 1918.............................
180,1 9 3 28
N et earnings fo r th e year 1918 over expenses and dividends
paid t o depositors ..............................................................................
2 6 ,93 5 39




CHEMUNG COUNTY

17.

THE ELMIRA SAYINGS BANK, ELMIRA
1212 East W ater street; incorporated 1869]

W. H. FERGUSON, President.
HUBERT C. MANDEVILLE. Treasurer.
HENRY SIMPSON, V ieePresident.
MICHAEL A. LEAHY, Secretary.
JOHN W. HUSTON, Vice-President.

TRUSTEES
W ILFRED I. BOOTH,
FRANK L. CLUTE,
HENRY J. HAASE,
FRED D. HERRICK,

JOHN W . HUSTON.
MICHAEL A . LKAIlVr,
WM. H. FERGUSON,
H. C. MANDEVILLE,
LOUIS N. MATHEWS.

HENRY SIMPSON,
WILLIAM M. UFFORD.
GEORGE W . WYCKOFF,
ALEXANDER S. DIVEN,

F IN A N C IA L
RESOURCES
$ 5 86,850 00
Bonds and m ortga ges..............................................................................
S tock and bond investm ents, v iz .:
Par
Original
Estim ated
Stocks and bonds
value
cost
market value
United States ................ .
$13?,760 00
$137,780 00
$137,75000
47,000 00
46,826 00
48,75000
Cities in other States...........
Cities in this State...............
113,000 00
113,700 00
112,60000
Counties in this State........
40,000 00
40,767 00
41,10000
Towns in this State..............
4,000 00
4,000 00
4,04000
V illages in this State...........
87,400 00
86,056 00
88,66600
School districts in this State
30,000 00
30,245 00
30,40000
Railroad m ortgage bon ds..
162,000 00
141,419 00
122,14000

$611,150 00

$601, m o
o

$ 8 ,4 6 00
52 4

5 8 2 ,4 4 6
6 8 ,9 4 2
7 ,7 1 8
6 ,9 0 6

Cash on deposit in banks or tru st com panies
Cash cm hand ........................................................
T o ta l o f collectib le in terest..................................

00
31
75
15

$ 1 ,2 5 2 ,8 6 3 21
LIAB ILITIES
A m ou n t due depositors, v iz .:
P rin cip a l.............................................................................. $1,142,620 49
Dividends credited or to be credited fo r the six
17,845 88
months ending w ith December 31, 1918.....................
------------------ $ 1 ,1 6 0 ,1 6 6 37
Su rplu s o n m arket v a lu e ........................................................................
9 2 ,6 9 6 84
$ 1 ,2 5 2 ,8 6 3 21
Su rplu s on pa r value, $121,400.84.
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 1918
RECEIPTS
Cash on hand and in banks o r tr u s t com panies Janu ary 1,
1918, before transactions o f th e d a y ...........................................
F rom depositors, n o t in cluding dividen ds cred ited .....................
F rom interest on loans, dep osits 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.............................................
F rom stocks and bonds sold (to ta l pa r value, $ 1 2 2 ,2 4 0 )...........
F rom a ll oth er sources, v iz .: U . S . T h rift Stam ps s o ld ..............




$60,357
562,0 2 6
5 6 ,1 7 9
54 ,13 5
7 3 ,4 0 0
120,179
350

42
97
45
00
00
98
50

$926,629 32
t»83

C hem ung

C

oun ty

69

PAYMENTS
T o depositors, in cluding dividends paid1 t o th em .........................
F or loans on bonds and m ortgages...............................................
For stocks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l par value, $ 2 9 2 ,7 4 0 )........................................
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 .:
For salaries .......................................................................
$3,236 03
For taxes : Surplus...........................................................
832 08
For rent o f banking room s..............................................
1,095 00
F or other expenses, n ot including expenses o f other
real estate nor other expenses o f banking house..
1,361 06
Other paym ents, v iz .: U. S. T h rift Stam ps pm -chased................
Cash on hand and1 in banks or tru st com panies Decem ber 31,
1918, a fter transactions o f the d a y ...............................................

$532,864 11
19,540 00
290,598 01
90 87

6 ,5 2 4 77
350 50
76,661 06
$926,629 32

S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts January 1, 1919....................................
Number o f accounts opened o r reopened du rin g 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 in cluding dividends
credited fo r th a t period1
.....................................................................
Am ount w ithdraw n du rin g the y e a r ...............................................
A m oun t o f dividends credited and paid fo r the year, v iz .:
July 1, 1918...........................................................................
117,290 70
January 1, 1919...................................................................
17,515 88
Average am ount o f each account January 1, 1919....................
R a te per cent, o f dividends t o depositors du rin g th e six m onths
ending Jun e 30, 1918............................. . . . . .....................................
R ate per eent. o f dividends t o depositors du rin g th e six m onths
ending Decem ber 31, 1918........... ....................................................
T ota l earnings o f the bank fo r th e year 1918, 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 the year 1918 .............................
D ividends paid t o dep ositors fo r th e y ea r 1918.............................
N et earnings fo r th e yea r 1918 over expenses and dividends
paid t o d e p o sitors..................................................................................




4 ,6 1 9
1,134
1,305
562,0 2 6 97
532,864 11

3 4.836 58
251 17
m
m
$57,097 51
6 ,5 2 4 77
34 .83 6 58
15,736 16

COLUMBIA COUNTY

18.

HUDSON CITY SAVINGS INSTITUTION, HUDSON
[560 W arren street; Incorporated 1850]

CHAS. A. VAN DUESEN, President.
ROBERT W . EVANS, Vice-President.

JOHN W . GILLETTE. Vice-President.
S. MITCHELL RAINEY, Treasurer.

TRUSTEES
LOUIS A. BRISTOL,
NOAH H. BROWNING,
LOUIS P. CHURCH,
A. V . S. COCHRANE.

MALCOLM GIFFORD,
ROBERT W . EVANS,
JOHN W . GILLETTE.
EVERTS TEN BROECK.
GEORGE A. M cKINSTRY.

JACOB P. MESICK,
S. M ITCHELL RAINEY,
CHAS. A. VAN DEU8EN,
H. S. W ILLIAMS,

F IN A N C IA L
RESOURCES
Bonds and m o rtga ges..............................................................................

$ 2 ,1 2 3 ,0 9 6 00

Stock and bond investments, viz.:
Stocks and bonds
United States ........................
State o f New Y o r k ....:.......
Cities in other States........
Cities in this State...............
Counties in this State........
Villages in this State...........
School districts in this State
R ailroad m ortgage bonds—

Par
value
$720,099 go

25,000 00
615,500 00
685,786 00
350.000 00
286,830 18
45,950 00
912.000 00
$3,641,165 98

Original
Estimated
cost
market value
$720,099 80
$720,099 80
27,140 63
27,750 00
641,098 53
610,920 00
713,849 64
685,189 28
364,034 00
350,560 00
291,584 48
279,666 87
47,114 13
45,470 50
796,900 00
925,277 87
$3,730,199 08

$3,516,556 45

P rom issory notes .......................................................................................
B ank ing house and lot, bode value, $33,000; cost, $74,690.76;
actu al cash v a l u e ...................................................................................
Cash o n dep osit in banks o r tru s t com pan ies..................................
Cash cm h a n d ..............................................................................................
T o ta l o f collectible in terest.....................................................................
A m ou n t o f oth er assets, v iz .:
Due on Liberty Bonds........................................................
$25,456 45
U. S. T h rift Stamps...........................................................
20 00

3 ,5 1 6 ,5 5 6 45
3 ,2 5 0 00
3 5 ,0 0 0
194,418
6 6,871
7 1 ,0 2 9

00
22
43
51

2 5 ,47 6 45
$ 6 ,0 3 6 ,2 9 8 06
LIAB ILITIES

Amount due depositors, viz.:
Principal .............................................................................. $5,385,375 46
Dividends credited or to be credited for the six
months ending w ith December 31, 1918........................
103,076 07
------------------ $5,4.88,451 53
Surplus o n m arket v a lu e ........................................................................
547,846 53
$ 6 ,0 3 6 ,2 9 8 06
Surplus on par value, $672,456.06.
C A SH TR A N SA C TIO N S D U RIN G TH E Y E A R 1918
RECEIPTS
Cash o n hand and in banks o r tru s t com panies .January 1,
1918, before transactions o f the d a y .............................................
$ 4 39,340
From depositors, n ot in cluding dividends cred ited ....................... 1 ,0 7 7 ,4 2 5
F rom in terest cm loans, deposits and in vestm ents.........................
2 7 3 ,0 1 2
F rom m o r t g a g e s ..........................................................................................
-217,385
F rom redem ption o f stock s a n d b on d s...............................................
4 0 2 ,9 5 8
F rom loans paid .......................................................................................
5 ,0 9 0
[7 0 ]




39
19
81
00
42
00

C o l u m b ia

71

County

From all other sources, v iz .:
Insurance premium advanced refunded........................
Cash over ..........................................................................
Liberty Bond payments by subscribers........................

$33 75
14 00
204,727 87
------------------

$204,775 62
$ 2 ,6 1 0 ,9 8 7 43*

PAYMENTS
T o depositors, including dividends paid to them .........................$ 1 ,2 8 1 ,9 9 3 32
2 2 ,7 0 0 00
F or loans on bonds and m ortgages ...................................................
F or loans on stocks and bonds and oth er s e c u r it ie s ....................
7 ,9 3 5 00
F or stocks and bonds purchased, including prem ium s, com m is­
sions, etc. (to ta l par value, $942,350) ..........................................
942,045 93
For interest (oth er than dividend paym ents ito depositors) . . .
332 85
F or current expenses o f th e bank, v iz .:
For salaries .......................................................................
$9,612 5b
For taxes: Banking house, $1,222.51; surplus, $4,976.53
6,199 04
For expenses, except taxes, o f banking h ouse:
Repairs ............................................................................
66 80
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ....
1,887 61
---------------------------------------17,765 95
Other paym ents, v iz .:
U. S. W ar Havings Stamps, cash short........................
$307 81
Liberty Bonds purchased for custom ers......................
85,616 92
-----------------8 5,924 73
Cash on hand and in banks or tru st com panies December 31,
1918, after transactions o f the d a y ...............................................
261,289 65
$ 2 ,6 1 9 ,9 8 7 43
S T A T IS T IC A L IN FO R M A TIO N
Number o f open accounts J anu ary 1, 1919..................................
10,362
N um ber o f accounts opened or reopened during the y e a r . . . .
1,247
Num ber o f accounts closed du rin g the y e a r ..................................
1,582
A m ount deposited du rin g the year, n ot including dividends
credited fo r th a t p e r io d ..................................................................... $ 1 ,0 7 7 ,4 2 5 19
A m ount w ithdraw n d u rin g the y e a r . .............................................
1 ,2 8 1 ,9 9 3 32
Am ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1918........................................................................... $103,516 71
January 1, 1519....................................................................
103,076 07
___________ 2 06,592 78
Average amount o f each account January 1, 1919.........................
529 67
B ate per cent, o f dividend's to depositors durin g the six months
ending Jun e 30, 1918.........................................................................
4
R ate per cent, o f dividend's to depositors durin g the six m onths
ending Decem ber 31, 1918 ..............................................................
4
T otal earnings o f the bank fo r the year 1918, after allow ing
fo r am ortization o f prem ium s and discou n ts.............................
$266,087 92
Total expenses o f the bank for the yea r 1918.............................
17,765 95
D ividends paid to depositors fo r the year 1918.............................
206,592 78
Net earnings fo r the year 1918 over expenses and dividends
paid to depositors ................................................................................
4 1 .72 9 19




CORTLAND COUNTY
19. CO RTLAN D SA V IN G S B A N K , CO RTLAN D
(111 Main street; incorporated 1866]
WM. A. STOCKWELL. Secretary.
L. WEBB, President.
WM. R.
T.
BUSHNELL, Vice-President. COLE, Treasurer.
EARL W . BENTLEY, Asst. Treasurer.
LESTER P. BENNETT, Vice-President.
TRU STEES
BYRON MAXSON,
BENJAMIN L. WEBB.
GROVE T . MAXON,
EDWARD S. DALTON,
HUBERT T. BUSHNELL, ARTHUR P. STILSON.
EDWARD A. BREWER,
W ILLIAM J. BUCHANAN, h . D e w it t d b g r o o a t ,
LESTER P. BENNETT,
CHARLES P. SEYMOUR.
A. ROSCOE ROWE,
WM. A. STOCKWELL,
F IN A N C IA L
RESOURCES
$ 2 ,2 0 3 ,6 4 0 00
Bonds and m ortga ges......................
S tock and bond investm ents, v iz .:
Estimated
P ar
Original
Stocks and bonds
market value
value
cost
United States ........................
$419,200 00
$419,20000 $419,200 00
State o f New York..............
57,500 00
05.000 00
57,11250
72,600 00
State o f M assachusetts........
80.000 00
87,83760
Cities in other States............
167,440 00
170.000 00
172,38399
700,306 58
Cities in this State...............
714,276 55
731,69747
8,000 00
8,000 00
Towns in this State...............
7,987 50
V illages in this State............
203,500 00
207,06833
202,820 00
80,986 50
School districts in this State
81,600 00
84,10467
306,100 00
Railroad m ortgage bonds—
400.000 00
390,06500
$2,131,676 55

$2,157,369 46

$2,014,940 58

P rom issory notes .......................................................................................
B ank ing house and lot, book value, $152,293,69: co st $152,293.09; actu al cash v a lu e .................................................................
O ther real estate, bode value, $500; cost, $500; actual cash
valu e ............................................................................................................
Cash o n deposit in banks o r tru st com panies.............................
Cash on hand ............................................................................................
T o ta l o f collectible in terra t.....................................................................
A m ou n t o f a ll oth er assets, v iz .:
Land contracts .................................................................
$2,300 00
Rent accrued ....................................................................
40 00
U. S. T h rift Stamps...........................................................
81 00

2 ,0 1 4 ,9 4 0 58
3 ,6 8 0 00
1 52,293 69
500
256,561
109,902
8 1 ,4 9 2

00
IT
47
04

2 ,4 2 1 00
LIAB ILITIES

$ 4 ,8 8 5 ,4 9 0 95
........ -.....................r

A m oun t due depositors, v iz .:
Principal ................................................................................$4,398,996 93
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1918....................
83,531 13
-------------- _
$ 4 ,4 8 2 ,5 2 8 06
O ther lia b ilities, v iz .:
Liberty Bond deposits........................................................
$18,882 50
Expenses incurred, but unpaid, advertising and mis­
cellaneous ........................................................................
341 79
---------;-------1 9,224 29
Surplus on m arket v a lu e ...............................................................’..........
3 8 3 ,7 3 8 -6 0

Surplus on par value, $500,374.57.

$ 4 ,8 8 5 ,4 9 0 95
=
—=-i :
===.:: :=

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 1918
RECEIPTS
Cash cm hand and in banks o r tru st com panies January 1,
1918, before transactions o f th e d a y ...............................................
$435,484 44
From depositors, n ot in cluding dividends cred ited ....................
9 09.347 87
F rom interest on loans, deposits and in vestm ents.........................
2 1 7 ,1 8 3 09
t72]




C

ortland

n

C ounty

From rents from banking h ou se.........................................................
From rents from oth er real esta te...................................................
From m ortgages ......................................................................................
From redem ption o f stocks and b on d s...........................................
From stocks and bonds sold (to ta l pa r value, $232,534.98) . . . .
From loans paid ......................................................................................
From all oth er sources, v iz .:
Liberty Bond payments by subscribers........................ $235,261 50
Sale U. S. W ar Savings Stamps, profit sale o f bonds,
suspense ..........................................................................
3,340 59
Land contracts, insurance premium advanced, re­
paid, sale o f old m aterial, sundries...........................
686 98
____________

$1,513
3
197,884
2 51,783
232,5 3 4
745

60
00
00
28
98
00

239,2 8 9 07

$ 2 ,4 8 5 ,7 6 8 33
PAYMENTS
................. i -----T o depositors, including dividends paid t o th em ......................... $ 1 ,0 6 2 ,9 4 5 37
For loans on bonds and m ortga ges...................................................
60 ,47 5 00
F or loans on stocks .and bonds and other secu rities................
4 ,1 7 0 00
F or stock and bonds purchased, including premiums, com m is­
sions, etc. (to ta l pa r value, $702,004.65)....................................
702,004 65
F or interest ( other than dividend paym ents to depositors) . .
1,461 45
F o r current expenses o f the bank, v iz .:
For salaries ........................................................................
$11,090 94
For taxes : Banking house, $509.65 ; surplus, $3,542.15;
on mortgages, $36.00........................................................
4,087 80
For expenses, except taxes, o f banking h ouse:
Repairs .........................................................................
85 82
Insurance ....................................................................
177 96
Other ............................................................................
4,561 52
For rent o f banking room s..............................................
700 00
22 89
For expenses o f other real estate,v iz .: Taxes.............
For other expenses, not including expenses of other
real estate nor other expenses o f banking house—
3,748 95
------------------24,475 88
Other paym ents, v iz .:
On account banking house andlo t...............................
$39,811 96
Liberty Bond, account......................................................
220,038 00
U. S. W ar Savings Stamps...........................................
3,513 65
Insurance premiums advanced,sundries.......................
348 73
--------------263,712 34
Cash on hand and in banks or tru st com panies December 31,
1918, a fter tran saction s o f th e d a y ...............................................
366,523 64
$ 2 ,4 8 5 ,7 6 8 33
S T A T IS T IC A L IN FO R M A TIO N
= = = = = = =
N um ber o f open accounts Janu ary 1, 1919......................................
11,638
1,317
Num ber o f accounts opened o r reopened du rin g the y e a r -----Num ber o f accounts closed du rin g the y e a r ..................................
1 ,5 59
A m oun t deposited du rin g th e year, n ot including dividends
credited fo r th a t p e rio d .......................................................................
$909,347 87
Am ount w ithdraw n du rin g th e y e a r .................................................
1 ,0 6 2 ,9 4 5 37
Am ount o f dividends credited and paid fo r the year, v iz .:
July 1. 1918...........................................................................
$83,734 07
January 1, 1919....................................................................
83,531 13
Credited at other periods.................................................
29 53
---------- ----- -167,294 73
A verage am ount o f each account Janu ary 1, 1919 ....................
385 16
Rate per cent, o f dividends to depositors durin g the six m onths
ending June 30, 1918..........................................................................
4
Rate per cent, o f dividends to depositors durin g the six m onths
ending December 31, 1918.................................................................
4
Total earnings o f the bank fo r Die year 1918, a fter allow ing
fo r am ortization o f prem ium s and discou n ts.........................
$215,354 75
T ota l expenses o f the bank fo r th e yea r 1918...............................
2 3 ,86 8 80
D ividends p a id t o depositors fo r the year 1918.........................
167,294 73
Net earnings fo r the year 1918 ov er expenses and dividends
paid to depositors ..............................................................................
24,191 22




DUTCHESS COUNTY

20. F IS H K IIX S A V IN G S IN S T IT U T E , F IS H K IL L
lMain street; Incorporated 1867]
J. S. LUYSTER, President.
C. D. SHERWOOD. Vice-President.
JOHN RAPBLJB, Vice-President.
J. S. LUYSTER,
CHAS. D. SHERWOOD,
RALPH BRINKBBHOFF,
ROBERT W. DOUGHTY,
C. C. ROBINSON,
J. H . SNYDER,

CHARLES C. ROBINSON, Secretary.
RALPH BRINCKEItHOFF, Treasurer.

T R U S T IE S
S. L. VAN VOORHIS,
LEW IS E. WOOD,
JARVIS S. PH ILLIPS.
CYRUS TOMPKINS,
JOHN RAPEL.TE,
E. II. FOSIIAY,

S. H. PARSONS.
WM. H. HAIGHT,
JAMES ADRIANCE,
J. B. WALDO,
FRANK D. KETCIIAM,
JOHN S. WARREN.

F IN A N C IA L
RESOURCES
B onds

and

m ortga ges.

$321,411 40

i, v iz .:
Par
Stocks and bonds
value
United States ........................
$30,900 00
Cities In other States...........
4,400 00
Cities In this State...............
6,400 00
Towns In this State...........
18,600 00
Villages in this State...........
45,768 00
School districts In this State
78,383 90
Railroad m ortgage bonds_
_
61,000 0©
$244,451 90

Estimated
Original
cost
market value
$30,900 00
$30,087 12
4,664 00
4,772 66
5,400 00
5,400 00
19,266 00
19,353 00
47,251 80
49,031 58
80,364 57
80,677 96
46,960 00
60,738 46
$250,080 78

$234,806 37

P rom issory n otes ...................................................................................
Banking house and lot, book value, $2,500; cost, $2,500; actual
cash valu e ................................................................................................
O ther real estate, book value, $250; cost, $250; actual cash
va^ue .........................................................................................................
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 .:
Due on Liberty Bonds......................................................
$12,268 75
Land contract ....................................................................
250 0b

2 3 4 ,8 0 6 37
40 00
2 ,5 0 0 00
250
5 1 ,5 0 4
4 ,5 5 4
9 ,2 9 5

00
49
80
10

12,518 75
$030,880 07
LIABILITIES
A m ount due depositors, viz.:
Principal ..............................................................................
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.....................

$586,168 78

11, #9 28
-----------------Other liabilities, v iz .: Expenses incurred, but unpaid, m iscel­
laneous .......................................................................................................
Su rplu s on m arket valu e ......................................................................

$597,578 00
22 50
3 9 ,2 8 0 11
$636,880 97

Su rplu s on p a r value, $48,925.94
C ASH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru s t com panies January 1,
1918, before transactions o f the day .................................... * ....
$59,949 15
F rom depositors, n ot in cluding dividends cred ited .......................
8 2 ,14 3 28
F rom interest on loans, deposits and in vestm ents.........................
3 0 ,51 3 95
F rom m o r t g a g e s ..........................................................................................
18,802 00
From redem ption o f stocks and b on d s...............................................
18,757 10
[74]




D

utchess

n

C ounty

From all other sourees, viz.:
Received on land contract, suspense...........................
Liberty bond installm ents from subscribers..............

$53 to
89,790 75
$89,8 4 3 75
$300,009 23

PAYMENTS
T o depositors, in cluding dividends paid to th em .........................
For loans on bonds and m ortgages....................................................
For loans on slocks and bonds and other secu rities....................
For stocks and bonds purchased, including premiums, com m is­
sions, etc. (tota l par value, $ 4 4 ,9 0 0 ).............................................
For 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 .:
For salaries .......................................................................
$2,525 00
For taxes : Banking house, $33.83; surplus, $314.16....
34829
For expenses, except taxes, o f banking h ouse:
Repairs .........................................................................
7 96
34 54
Insurance ..............
Other ............................................................................
94 97
For other expenses, not including expenses o f other
real estate nor other expenses of banking house..
451 80
__________ _
Other paym ents, v iz .: L iberty Bond installm ent a ccou n t...........
Cash on hand and in banks or tru st com panies December 31,
1918, after transactions of the d a y ...............................................

$94,6 8 3 33
10,650 00
40 00
43,427 26
199 79

3 ,4 62 56
91,487 00
5 6,059 29
$300,009 23

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, 1919......................................
N um ber o f accounts opened or reopened during the y e a r . . . .
N um ber o f accounts closed durin g the y e a r ..................................
A m oun 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 ount w ithdraw n du rin g th e y e a r ....................................................
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1918 .........................................................................
$11,3* 76
January 1, 1919....................................................................
11,409 28
Average am ount o f each account J anu ary 1, 1919.........................
R ate per cent, o f dividends to depositors durin g the six m onths
ending June 30, 1918.........................................................................
Rate per cent, o f dividend's to depositors during the six months
ending December 31, 1918.................................................................
T otal earnings o f the bank fo r th e year 1918, a fter allow ing
fo r am ortization o f premiums and d iscou n ts.............................
Total expenses o f the bank for the yea r 1918.............................
D ividends paid to depositors for th e y e a r 1918.............................
N et earnings for the year 1918 over expenses and dividends
paid to d ep ositors...................................................................................




1,132
99

100
$82,143 28
94 ,68 3 33

2 2 .74 5 04
527 89
4
4
$30,5 1 0 92
3 ,4 6 2 56
2 2 .74 5 04
4 ,3 0 3 32

16

R

eport

oh

2 1 . MATTEAWAN

S a v in g s B

anks

s a v in g s b a n k , b e a c o n

[672 Main street; incorporated 1866]
SAMUEL K . PH ILLIPS, President.
HENRY S. CORNET, Treasurer.
PRANK H. BRETT, Vice-President.
PETER H. VOSBURGH, Secretary.
B. FRANKLIN GREENE, Vice-President.
GEORGE H. W ILLIAMS,
B. FRANKLIN GREENE,
Sa m u e l k . P h i l l i p s )
T. J . CUNNINGHAM,
FRANK H. BRETT,
WM. H. SOUTHARD,
B E N }. I. D. ROOSA,

T R U ST E E S
JOHN O. W1XOM,
PETER H. VOSBURGH,
HENRY D. WEEKS,
SHERWOOD PH ILLIPS,
JOHN H. LYNCH,
LOUIS E. KAMPF,
HENRY S. CORNET,

EUGENE B. SMITH.
HENRY D. JACKSON,
PAULL J. CHALLEN,
F . H . VAN HOUTEN,
ROSWELL S. JUDSON,
ELTON G. STORM,
ROBERT L. GORDON.

FINANCIAL
RESOURCES
B onds a n d m ortga ges......................................................
S to ck and bond investm ents, v iz .;
Estimated
Par
Original
Stocks and bonds
value
cost
market value
United States ........................ $141,(02 92
$141,01292 $141,012 92
Cities in this State...............
113,000 00
108,30600 107,860 00
6,160 00
6,000 00
5,22500
Towns in this State...............
Villages in this State...........
108,070 00
111,83848 108,923 00
School districts in this State
19,720 00
20,9%86
19,666 00
72,840 00
R ailroad m ortgage b o n d s....
93,000 00
90,16238
$479,802 92

$477,661 23

$518,813 00

$466,440 92
4 5 5 ,4 4 0 92

Other real estate, bode value, $461.49 ; cost, $461.49; actual
cash valu e ................................................................................................
Cash o n deposit in banks o r tru s t com pan ies.................... ..
Cash o n hand ............................................................................................
T o ta l o f collectible in terest.................................................................
A m ou n t o f a ll other assets, v iz .: Land co n tra ct.............................

IlSngfcS

461 49
4 2 ,5 4 8 75
2 ,3 3 9
10 ,09 9
1 ,0 7 6
$ 1 ,0 3 6 ,7 7 9

II2 1S3

LIAB ILITIES
A m ou n t dim depositors, v iz .:
P rin cip a l.............................................................................. $917,332 07
D ividends credited or to be credited fo r the six
months ending with December 31, 1918........................
17,406 20
-----------------$ 9 34,738
O ther lia bilities, v iz .:
Dividends accrued on deposits to January l, 1919....
$6,748 32
Liberty Bond deposits......................................................
30,646 %
-------------------------------------- 37 ,39 4
Su rplu s on m arket v a lu e ........................................................................
64 ,64 6
$ 1 ,0 3 6 ,7 7 9
Surplus on pa r value, $89,008.70.
C ASH T R A N S A C T IO N S D U R IN G T H E Y E A R 1918




gSgggfcggi

RECEIPTS
C a d i o n hand a nd in banks o r tru s t com panies Janu ary 1,
1918, before tran saction s o f th e d a y .............................................
F rom depositors, n ot in clu d in g dividends cred ited ....................
F rom in terest 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...............................................
F ro m stocks and bonds sold (to ta l pa r value, $ 3 ,2 9 5 .9 0 ).........
F rom loa n s paid ........................................................................................
F rom real estate sold ............................................................................

$47,107
188,763
4 7 ,1 7 2
9 ,4 5 0
124,677
3 ,2 9 5
100
60

D

utchess

77

C ounty

From all oth er sources, v iz .:
Insurance premiums and taxes advanced, repaid;
foreclosure expense recovered; fir lo s s ,' insur­
ance received .................................................................
Liberty Bond payments by subscribers........................

4,834 06
101,272 78
$ 1 06,106 84
$526,733 50

PAYMENTS
T o depositors, in cluding dividends paid t o t h e m ..
F or loans on bonds and m ortga ges.............................
F or loans on stocks and bonds and other securities
F or stocks a n d bonds purchased, in cluding prem ium s, com mis­
sions, etc. (to ta l pa r value, $173,106.58)......................................
F or interest (oth er than dividend paym ents t o d e p o s ito r s ). . .
F or cu rrent expenses o f the bank, v iz .:
For salaries .......................................................................
$2,810 00
696 07
For taxes : Surplus.........., ................................................
F or rent o f banking room s..............................................
408 00
For expenses o f other real estate, v iz .:
Insurance ....................................................................
4 96
Taxes ............................................................................
26 26
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
1,324 41

$ 2 04,229 55
3 ,2 0 0 00
100 00
173,106 58
617 46

5 ,1 6 9 69
F or real estate acquired b y foreclosure, o r in settlem ent o f
debts due th e bank ..............................................................................
Other paym ents, v iz .:
Insurance premiums and taxes advanced; fore­
closure expense ..............................................................
$380.19
Liberty Bond account........................................................
93,789 80

1,251 51

94 ,16 9 99
Cash on hand and in banks o r tru st com panies December 31,
1918, a fter transactions o f the d a y ...............................................

4 4 ,8 8 8 72
$526,733 50

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, 1919......................................
2 ,3 6 0
Num ber o f accounts opened o r reopened' du rin g the y e a r -----354
324
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, not in cluding dividends
credited fo r th a t p e r io d .....................................................................
$188,763 60
A m oun t w ithdraw n durin g the y e a r ....................................................
2 0 4 ,2 2 9 55
Am ount o f dividends credited and paid fo r the year, viz..
July 1, 1918...........................................................................
$17,683 53
January 1, 1919....................................................................
17,466 26
--------------------------------------- 3 5 ,0 8 9 73
396 07
A verage am ount o f each account Janu ary 1, 1919.........................
R ate per cent, o f dividends t o depositors durin g th e s ix m onths
ending June 30, 1918 ..........................................................................
4
R ate per cent, o f dividends to depositors durin g th e s ix m onths
ending Decem ber 31, 1918.................................................................
4
T otal earnings o f th e bank fo r the year 1918, a fter allow ing
fo r am ortization o f prem ium s and discou n ts.............. ..............
$ 4 7 ,5 5 4 77
T ota l expenses o f th e bank fo r the year 1918.............................
5 ,1 6 9 69
D ividends pa id t o depositors fo r th e y ea r 1918 .............................
35,089 73
Net earnings fo r th e yea r 1918' over expenses and) dividends
paid t o d ep ositors................................................................................
7 ,2 9 5 35




78

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eport

on

S a v in g s

B

anks

22. THE MECHANICS SAYINGS BANK, BEACON.
[91 Main street; incorporated 1886]
JOHN T. SMITH, President.
GEOROE CHATTERTON, Secretary.
BENJAMIN HAMMOND, Vice-President.
BERTRAM L. SMITH, Treasurer.
FERDINAND LOUGHRAN, Vice-President.
T R U ST E E S
WM. YATES,
JOHN T. SMITH,
ANDREW BARNES,
BENJAMIN HAMMOND, JAMES E. VAN HOUTEN, GEORGE CHATTERTON
JOHN W. CORWIN,
K. P. C. KIEB,
W. J. PRAIATOW SKI.
HOMER H. STUART,
BERTRAM L. SMITH,
AARON E. ALDRIDGE,
ROBERT McKINLEY,
PRESTON GREENE,
WM. J. CONKLIN,
ROBERT B. LAMB.
PERD. LOUGHRAN,
PRANK L. HOWARD,
HENRY MONTGOMERY.
CHESTER H. BOND,
F IN A N C IA L
RESOURCES
B on ds and m o rtga ges...........................................
$851,453 47
S tock and bond Investments, v iz .:
Par
Original
Estimated
Stoclea and bonds
value
market value
cost
United States ........................ f 192,125 00
$192,125 00
$192,125 00
Cities in other States............
188,700 00
197,798 63 , 189,474 00
Cities in this State...............
332,019 66
342,530 26
325,181 76
44,850 00
Counties in this State..........
45,000 00
49,600 50
Towns in this S ta te.,...........
228,000 00
236,230 41
229, 500 00
528,637 86
Villages in this State...........
509,691 72
512,122 88
190,797 49
School districts in this State
180,550 00
187,977 00
239,050 00
Railroad m ortgage bonds—
242,000 00
186,610 00
$1,918,086 38 $1,976,770 15 ' $1,867,840 64
1 ,8 6 7 ,8 4 0 64
B anking house and lo t, book value, $15,000; cost, $22,460.22;
actu al cash v a l u e ...................................................................................
15,000 00
O ther real estate, book value, $0,007.90; cost, $9,007.90; actual
ca sh va lu e ................................................................................................
8 , 860 00
Cash on deposit in banks o r tru st com panies..................................
122 , 194 76
Cash on h a n d ..............................................................................................
1, 601 05
T ota l o f collectible in terest...................................................................
41, 985 84
A m oun t o f a ll other assets, v iz .:
Land contracts .................................................................
$27,242 04
Rent accrued ..........................*...........................................
730 50
• Insurance premiums and taxes advanced.....................
1,740 64
W ar Savings Stamps........................................................
516 06
30,229 24
$ 2 ,9 3 9 ,1 5 5 00
LIAB ILITIES
A m oun t due depositors, v iz .:
Principal .............................................................................. $2,495,124 29
Dividends credited or to be credited for the six
months ending with December 31, 1918.....................
47,441 88
------------------ $ 2 ,5 4 2 ,5 6 6 17
O ther lia b ilities, v iz .:
Dividends accrued on deposits to January 1, 1919—
$16,950 44
Expenses incurred, but unpaid, bonding officers........
37 50
Loan, account Liberty Bonds.........................................
75,000 00
-------------------------------------- 91 ,98 7 94
Su rplu s on m arket v a lu e........................................................................
304,6 0 0 89
$ 2 ,9 3 9 ,1 5 5 00
Su rplu s on par value, $354,846.63.
r=a^:::::========a
C A S H T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand an d in banks o r trust com panies Janu ary 1,
$88,4 7 3 03
1918, before tran saction s o f the d a y ................; ........................
F rom depositors, n o t in cluding dividends credited*....................
494,1 7 3 47
F rom interest on loans, deposits and investm ents....................
129,497 73
F rom rents from banking h ou se........................................................
805 50
F rom ren ts from oth er real esta te......................................................
201 82
F rom m ortgages .......................................................................................
2 0 .02 2 50
From redem ption o f stocks and b on d s...............................................
38 ,46 6 67
F rom stocks and bonds sold (to ta l par value, $ 1 3 9 ,0 5 0 )-----139,050 00
F rom real estate s o l d ..............................................................................
4 ,0 0 0 00
From a ll oth er sources, v iz .:




D

utchess

T9

C ounty

Insurance premiums and taxes advanced, refunded
Land contracts ..................................................................
Insurance received fo r Are losses.................................
Suspense • dorm ant check.................................................
Loan account Liberty Bonds...........................................

$948 G
O
662 %
3,406 15
50 16
75,000 00
$80,0 6 6 87
$994,757 69

PAYMENTS
;
T o depositors, including dividends paid t o th em .........................
For loans on bonds and m ortga ges......................................................
For stocks a nd bonds purchased, in cluding premiums, com m is­
sions, etc. (to t a l pa r value, $ 2 2 4 ,5 4 5 )...........................................
For interest (oth er than dividend paym ents to d e p o s ito r s ). . . .
F or current expenses o f the bank, viz.:
IP S3.l3.ri6S
of

For taxes : Banking house, $617.60; surpius, $2,686.65
For expenses, except taxes, o f banking h ouse:
Repairs ..................................
Insurance ......................................................................
Other ..............................................................................
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
Insurance ......................................................................
Taxes ............................................................................
Other ............................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$558,306 35
4 ,1 5 0 00
224,545 00
3 ,9 57 87

$$ 976 21

3,304 25

62 13
285 97
806 25
34 40
153 05
32115
26 29
2,920 78
14,879 48

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 .:
Insurance premiums and taxes advanced.....................
$776 34
Insurance, fire losses paid to m ortgagors.....................
3,405 16
U. S. W ar Savings Stamps purchased; Commission
on real estate sold ; Suspense.....................................
684 81
B ills payable, Liberty Loan account...........................
50,000 00

10,256 78

54 ,86 6 30
Cash on hand and in banks or tru st com panies December 31,
1918, after transactions o f the d a y ..........................................
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, 1919....................................
Number o f accounts opened o r 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 o t in cluding dividends
credited fo r th a t 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 paid fo r the year, v iz .:
May 1. 1918...........................................................................
$48,123 84
November 1, 1918.................................................................
47,441 88
A verage am ount o f each account January 1, 1919....................
Num ber o f accounts w hich exceeded $3,000, exclusive o f d iv i­
dend's 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 st funds, or by order o f a court of
record o r o f a su rrog a te...................................................................
T ota l am ount o f such accounts (L ib erty bond accounts, tem ­
p o ra ry ) ......................................................................................................
R ate per cent, o f dividends t o depositors during the six m onths
ending June 30, 1 9 1 8 .......................................... .................................
R ate per cent, o f dividends t o depositors during the six m onths
ending December 31, 1918.................................................................
T otal earnings o f th e bank fo r the year 1918, after allow ing
fo r camortization o f prem ium s and d iscou n ts.............................
T otal expenses o f the bank for the yea r 1918...............................
D ividends paid' to depositors for th e year 1918.............................
N et earnings fo r the year 1918 over expenses and dividends
paid t o d e p ositors................................................................................




123,795 81
$994,757 59
6 ,1 52
1,572
1,168
$494,173 47
558,306 35

9 5 ,56 5 72
413 29

2
$17,642 02
4
4
$125,338 29
14.879 48
95 ,56 5 72
14.893 09

80

R

eport

on

S a v in g s B

anks

2 8 . P A W L IN G SA Y IN G S B A N K , P A W L IN G
[Incorporated 1870]
MERRICK D. GREEN, President
HENRY D. WARNER, V ice-President
W ILLIAM H. OSBORN, V ice-President HOWARD N. ALLEN, Secretary.
GEORGE A . DANIELS, Treasurer.
HENRY A. HOLMES.
GEORG® A. ADAMS,
HENRY S. WANZER.
MERRICK D. GREEN,

TRU STEES
W ILLIAM H. OSBORN,
GEORGE A. DANIELS.
FRED C. TABER,
FRANK A . DENTON.
HOWARD N. ALLEN,

FRANK
ORSON
HENRY
HENRY

P.
W.
D.
F.

HOAG,
SLOAT,
WARNER.
BLESSING.

F IN A N C IA L
RESOURCES
Bonds and m ortga ges.................... .
S to ck and bond investm ents, v iz .:
O riginal
Estimated
Stocks and bonds
value
market value
cost
United States ........................
$25,000 00
$25,000 00
$25,000 00
State o f M assachusetts........
10,000 00
10,900 00
9,000 00
Cities in other States...........
40,000 00
41,302 00
40,475 00
Cities in this State...............
35,000 00
33,385 00
35,807 19
Counties in this S tate........
16,000 00
14,700 00
16,200 00
Towns in this State...........
27,000 00
28,069 40
27,780 00
Villages in this State............
62,000 00
51, 893 60
53,607 71
67,784 98
School districts in this State
65,500 00
67,262 51
89,580 00
Railroad m ortgage bonds—
113,00000 119,610 45
1383,160 00

$398,281 73

$428,905 00

$359,066 11
359,066 11

B anking house and lot, book value, $10,000; cost, $10,825.54;
actu a l cash v a lu e ...................................................................................
Cash on deposit in banks o r tru st com panies..................................
Cash o n h a n d ..............................................................................................
T o ta l o f collectible i n t e r e s t ...................................................................

6,000 00
4 9 ,9 8 8 88
3 ,7 5 8 75
10,102 48
$857,821 22

LIABILITIES
A m ou n t due depositors, v iz .:
P rin cip a l..............................................................................
Dividends credited or to be credited for the six
months ending with December 31, 1918.....................

$783,627 23

14,312 63
-----------------S u rp lu s on. m arket v a lu e........................................................................

$797,939 80
59,881 38
$857,821 22

Surplus on par value, $83,975.25.
C ASH T R A N SA C T IO N S W IR IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies J anu ary 1,
1918, b efore tran saction s o f the day ......................................
F rom depositors, n ot in cluding dividends cred ited .........................
F rom interest o n loans, deposits and investm ents...........................
F rom rente from oth er real esta te........................................................
F rom m ortgages .......................................................................................
F rom redem ption o f stocks and b on d s...............................................
F rom stock s and bonds sold (to ta l pa r value, $ 3 ,5 2 5 )..................
F rom real estate sold ..............................................................................
F rom a ll oilie r sources, v iz .: From sale o f U . S. T h rift stamp®.




$57,594
131,837
3 9 ,28 5
45
2 7 ,0 2 5
4 .8 2 0
2 ,5 2 2
3 ,0 0 0
62

56
04
14
00
00
00
85
00
25

$266,191 84

D

utchess

C ounty

81

PAYMENTS
$179,359 75
T o depositors, in cluding dividends paid to th em .............................
F o r loans cm bonds and m ortga ges..................................................
8 ,0 0 0 00
F o r stocks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l par value, $18,525)'.............................................
17,585 10
F or current expenses o f the bank, v iz .:
F or salaries .......................................................................
$2,141 00
F or ta xes: Banking house, $239.81; surplus, $486.01..
72682
For expenses, except taxes, o f banking h ouse:
Repairs ...........................................................................
118 86
16 50
Insurance ....................................................................
Other ..............................................................................
197 36
For expenses o f other real estate, v iz .:
R ep a irs....................
3 00
Insurance ....................................................................
40 37
Taxes ..............................................................................
91 16
Other ............................................................................
10 00
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ouse..
1,156 31
-----------------4 ,4 9 9 36
F or real estate acquired by foreclosure, o r in settlem ent o f
debts due the b a n k ..............................................................................
3 ,0 0 0 00
Cash on hand and in banks or tru st com panies December 31,
1918, a fter transactions o f th e d a y .............................................
53,747 63
$266,191 84
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, 1919....................................
N um ber o f accounts opened or reopened du rin g th e y e a r . . . .
Num ber o f accounts closed du rin g the y e a r .................................
A m ount deposited du rin g the year, n ot in cluding dividends
credited fo r th a t' p e rio d .....................................................................
A m oun t w ithdraw n du rin g the y e a r ...............................................
A m ount o f dividends credited and pa id fo r th e year, v iz .:
July 1, 1918...........................................................................
$14,437 25
January 1, 1919....................................................................
14,312 63
A verage am ount o f each account Janu ary 1, 1919.........................
R ate per cent, o f dividend's t o depositors du rin g the six m onths
ending Jun e 30, 1918............................................................................
R a te per eeni. o f dividends to depositors du rin g the six m onths
ending Decem ber 31, 1918.................................................................
T ota l earniiqjs o f th e bank fo r the year 1918, 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 th e bank fo r the year 1918.................................
D ividends paid to depositors for the year 1918.............................
N et earnings fo r th e year 1918 over expenses and dividends
paid to depositors ................................................................................




2 ,1 44
197
180
$131,837 04
179,359 75

2 8 .74 9 88
371 22
3 and 4
3 and 4
$38,733 95
4 ,4 9 9 36
2 8.749 88
5 ,4 84 71

82

R

eport

on

S a v in g s

R

anks

24. THE POUGHKEEPSIE SAVINGS BANK,

POUGHKEEPSIE

[ a and 23 Market street; incorporated 1831J
FLOY M. JOHNSTON, President.
EDWARD S. ATW ATER. Viee-Pres.
HENRY V. PELTON, Vice-President.
FRANK B. LOWN,
HENRY V. PELTON,
EDWARD S. ATWATER,
HENRY E. LOSEY,

J. FREDERICK LOVEJOY, Treasurer.
HARRY E. MEEKS, Asst. Treasurer.

TRU STEES
HARRIS S. REYNOLDS,
JOHN C. OTIS,
FLOY M. JOHNSTON,
JAMES H. YOUNG,

J. FREDERICK LOVEJOY,
W ILLET E. HOYSRADT,
HENRY BOOTH,
JOHN E. ADRIANCE.

F IN A N C IA L
RESOURCES
B onds a n d m o rtga ges......................., .......... ............................................ $ 8 ,6 0 6 ,8 9 9 41
S tock and bond investm ent, v iz .:
Par
O riginal
Estimated
Stocks and bonds
value
cost
market value
$843,584 00
$848,584 00
$843,584 00
United States ........................
State o f Idaho........................
50,000 00
49,160 00
48,50000
200,000 00
215,460 00
176,00000
State o f M assachusetts........
sta te Of Utah........................
90,000 00
90,054 50
87,30000
Cities in other States............
412,000 00
427,176 48
401,14000
Cities in this State............... 1,922,400 32
1,980,228 85
1,862,42387
Counties in this State........
81,500 00
81,900 70
80,395 00
Towns in this State...............
131,682 99
136,706 96
133,878 97
villages in this State............
670,377 30
686,979 06
673,630 20
School districts in this State
195,650 00
203,304 71
199,268 25
R ailroad m ortgage bonds—
2,023,000 00
2,066,723 09
1,590,190 00
$6,620,094 61

$6,781,287 35

$6,095,310 29

P rom issory n o t e s .......................................................................................
B anking bouse and lot, b od e value, $ 1 2 0 ,0 0 0 ; cost, $193,328.60; actual cash v a lu e .................................................................
Other real estate, book value, $16,160.93; cost, $16,160.93;
actu al cash value-...................................................................................
Cash on deposit in banks o r tru s t com panies..................................
Cash on b a n d ..............................................................................................
T o ta l o f collectib le in terest.................................................................
A m oun t o f a ll oth er assets, v iz .:
Insurance premiums and taxes advanced..................
$592 82
Rent accrued ....................................................................
60 00
U. S. T h rift Stamps...........................................................
532 00

6 ,0 9 5 ,3 1 0 29
7 5 ,9 0 0 00

120,000 00

10,000 00
611,7 4 2 23
130,610 87
185,856 78

1 ,1 84 82
LIAB ILITIES

$ 1 5 ,8 3 7 ,5 0 4 40
.................... ..........

A m ou n t due depositors, v iz .:
Principal .............................................................................$14,271,589 07
Dividends credited or to be credited fo r the six
274,933 47
months ending w ith December 31, 1918........................
------------------ $ 1 4 ,5 4 6 ,5 2 2 54
Other lia b ilities, v iz .:
$250,000 00
B ills payable ....................................................................
Interest accrued on bills payable......................................
1,97743
-----------------251,977 43
Surplus on m arket v a lu e ...........................................................................
1 ,0 3 9 ,0 0 4 43

Surplus on pa r value $1,563,788.75.

$ 1 5 ,8 3 7 ,5 0 4 40
;.....;.= .-...

C A SH T R A N SA C T IO N S DURING. T H E Y E A R 1918
RECEIPTS
Cash o n hand and in banks o r tru st com panies J anu ary 1,
1918, before tran saction s o f th e d a y ...............................................
$711,936
From depositors, n ot in clud ing dividends cred ited .......................
1 ,9 4 9 ,0 2 3
F rom interest on loans, deposits and in vestm ents.........................
715,194
From rents fro m
other real esta te....................................................
300
F rom m ortgages
...........................................................................
258,2 5 2




83
41
97
00
75

D

utchess

83

C ounty

F rom redem ption
o f stocks and b on d s............................................
From stocks and bonds sold (to ta l par value, $ 1 7 9 ,6 5 0 )..............
From
loans p a id ........................................................................................
From a ll oth er sources, v iz .:
Insurance premiums and taxes advanced, refunded..
$3,390 36
Received on land con tra ct; exam ination fe e s; ad­
justm ent cash shortage................................................
1,310 72
B ills paya b le.......................................................................
350,000 00
W ar Savings Stamps.......................................................
2,186 00
------------------

$299,296 21
179,650 00
63 ,18 3 62

356,887 08
$ 4 ,5 3 3 ,7 2 4 87

PAYMENTS
T o depositors, in cluding dividends paid to th em ....................... $ 2 ,7 0 2 ,3 6 1
64 ,50 6
F or loans on bonds and m ortga ges...................................................
F o r loans on stocks and bonds and other secu rities................
5 0 ,00 0
F or stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l par value, $ 8 0 2 ,1 9 3 .7 7 )..................................
802,120
F or interest (oth er than dividend paym ents to d e p o s ito r s ). . . .
4 ,1 0 3
F o r current expenses o f the bank, v iz .:
For salaries .......................................................................
$26,139 80
For taxes : Banking house, $1,839.61; surplus, $9,506.14
11,345 75
For expenses, except taxes, o f banking house:
Repairs .........................................................................
126 45
Insurance ......................................................................
68 75
Other ..............................................................................
724 21
F or expenses o f other real estate, v iz .:
Repairs ................................................................
22 50
73 82
Insurance ....................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
6,980 66
-----------------45,481
F or real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ..............................................................................
16,160
Other paym ents, v iz .:
Insurance premiums and taxes advanced...................
$3,918 18
U. S. T h rift Stamps purchased.....................................
532 00
B ills payable, paid on account........................................
100,000 00
W ar Savings Stamps........................................................
2,186 00
-----------------106,636
Cash on hand and in banks or trust com panies December 31,
742,353
1918, a fter transactions o f the d a y ...............................................

85
32
00
83
72

94
93

18
10

$ 4 ,5 3 3 ,7 2 4 87
S T A T IS T IC A L IN F O R M A T IO N
27,478
N um ber o f open accounts January 1, 1 9 1 9 .....................................
2 ,0 87
N um ber o f accounts opened or reopened durin g the y e a r ...........
2 ,6 9 7
Number o f accou nts closed du rin g the year ...............................
A m oun t deposited durin g the year, n ot in cluding dividends
credited fo r th a t p eriod ..................................................................... $ 1 ,9 4 9 ,0 2 3 41
2 ,7 0 2 ,3 6 1 85
Am ount w ithdraw n du rin g th e yea r ...............................................
A m oun t o f dividends credited and p a id for the rea r, v iz .:
July 1, 1918........................................................................... $277,227 T
O
January 1, 1919......................................................................
274,933 47
Credited at other periods...............................................
1 16
552.161 63
Average am ount o f each account January 1, 1919.........................
529 38
Rate per cent, o f dividends t o depositors du rin g the six m onths
4
ending Jun e 30, 1 9 1 8 .........................................................................
R ate per cent, o f dividends to depositors during the six m onths
ending Decem ber 31, 1918.................................................................
4
T ota l earnings o f the bank fo r the yea r 1918, after a llow in g
fo r am ortization o f premiums and d iscou n ts.............................
$700,713 13
T otal expenses o f the bank fo r the yea r 1918..................................
45,481 94
D ividends paid to depositors fo r the year 1918...........................
552.161 63
N et earnings fo r the year 1918 over expenses and dividends
paid t o dep o sitors...................................................................................
103,069 56




84

R

eport

on

S a v in g s

B

anks

B5. RHINEBECK SAYINGS BANK, RHINEBECK
[15 Montgomery street; Incorporated I860]
AUGUSTUS M. TRAVER, President.
JACOB H. STRONG Vice-President.

M. V. B. SCHRYVER, Vice-President.
A. LEE STICKLE, Treasurer.

TRUSTEES
AUGUSTUS M. TRAVER,
M. V. B. SCHRYVER,
JACOB H. STRONG,
JAS. S. ARMSTRONG,
A. LEE STICKLE,

W ILLIAM R. CARROLL, CHARLES FERRIS,
MANDEVILLE 8. FROST, TRACY DOWS,
ELMER COON.
MARCUS M. LOWN,
CHAS. B. HOFFMAN,
JOHN P. HERMANS,
EUGENE P. BUDD,
WILLIAM P. ADAMS.

F IN A N C IA L
RESOURCES
Bonds and m o rtga ges................................................................................
Stock and bond investm ents, viz.:
Original
Estimated
Par
Stocks and Bonds
value
cost
market value
$45,264 50
United States ........................
$45,934,00
$46,946 00
9,975 00
10,200 00
10,000 00
State o f Louisiana
Cities in other S ta tes....
34,650 00
38,304 45
36.000 00
76.000 00
Cities in this State...........
80,097 00
74,285 00
Counties in this S ta te ....
6,000 00
6,922 40
5,900 00
Towns in this State...........
23,800 00
24,667 30
24,023 00
93,085 40
Villages in this State........
99,128 84
91,607 69
Railroad m ortgage bonds..
174,000 00
179,349 68
150,080 00
$464,819 40

$483,700 1/7

$440,879 75

$436,691 69
436,691 69

B anking house and lo t, b ook value, $5,000; cost, $10,111.20;
actu al cash v a lu e ...................................................................................
Gash o n dep osit in banks o r tru st com panies...............................
Cash o n h a n d ..................................................................................................
T o ta l o f collectible in terest...................................................................
A m oun t o f a ll oth er assets, v iz .: Due on L ib erty B on d s...........

5 ,0 0 0
38,331
6 ,5 3 1
11,108
4 ,6 8 2

00
45
63
69
50

$943,225 71
LIAB ILITIES
A m ou n t due depositors, v iz .:
Principal ..............................................................................
Dividends credited or to be credited for the six
months ending with December 31, 1918......................
Su rplu s o n

$889,110 55

16,618 76
-----------------$885,729 31
m arket v a lu e ..........................................................................
5 7 ,4 9 6 40
$943,225 71

Su rplu s on par value, $85,624.11.
C A SH T R A N SA C T IO N S DURING. T H E Y E A R 1918
RECEIPTS
Cash on hand a n d in banks o r trust com panies Janu ary 1,
1918, before tran saction s o f th e d a y ...........................................
$ 4 3 ,5 5 4
F rom depositors, n ot in cluding dividends cred ited ....................
124,917
From interest on loans, deposits a n d investm ents....................
4 3,071
F rom m ortgages .......................................................................................
2 8 ,9 0 0
From redem ption o f stocks and b on d s.............................................
2 0 ,5 0 0
F rom stock s and bonds sold (to ta l par value, $ 2 1 ,0 0 0 ).........
2 1 ,5 5 3
F rom real estate s o ld ...............................................................................
404
F rom a ll other sources, v iz .:
Insurance premiums and taxes advanced, refunded..
$56 10
Unpresented cashier’s check credited to profit and
loss ....................................................................................
5 66
Liberty Bond payments by subscribers........................
120,563 64




12
64
97
00
00
00
69

125,593 27
$408,494 69

D

utchess

C ounty

PAYMENTS
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 is­
sions, etc. (to ta l par value, $ 5 0 ,9 3 4 ) ........................................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .
F or eurrent expenses o f the bank, viz.:
For salaries .......................................................................
$3,230 00
For taxes : Bankinghouse, $145.43 ; surplus, $530.02..
675 45
For expenses, except taxes, o f banking house:
11 56
Repairs ..........................................................................
Insurance ....................................................................
29 92
Other ..............................................................................
6 50
For other expenses, not including expenses o f other
real estate nor otherexpenses o f banking house..
1,142 99

85

$156,947 09

20,000 00
5 0 ,2 6 4 50
306 22

5 ,0 9 6 42
For real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k ..............................................................................
Other paym ents, v iz .:
$37 56
Insurance premiums and taxes advanced
IT. S. War Savings Stamps......................
4.967 87
125,246 14
Liberty Bond account ...............................

765 81

130,251 57
Cash on hand and in banks or trust com panies December 31,
1918, a fter transactions o f the d a y ..........................................

4 4 ,86 3 08
$408,494 69

S T A T IS T IC A L IN F O R M A T IO N
Number o f open accou nts January 1, 1919....................................
Number o f accounts opened or reopened durin g the y e a r ...........
Num ber o f accou nts closed during th e y e a r ..................................
A m oun t deposited during the year, n ot in cluding dividends
credited fo r th a t p e rio d ...................................................................
A m ount w ithdraw n du rin g the y e a r .................................................
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1918...........................................................................
$15,931 14
January 1, 1919...................................................................
16,618 76
To correct error in dividend o f Jan. 1, 1918................
27 18
A verage am ount o f each account January 1, 1919................
R ate per cent, o f dividends to depositors du rin g the six months
ending Ju n e 30, 1918..........................................................................
R a te per cent, o f dividends to depositors du rin g the six months
ending December 31, 1918.....................................................................
T ota l earnings o f th e bank for the year 1918, 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 fo r the year 1918...............................
D ividends paid t o depositors fo r the year 1918.........................
N et earnings fo r th e yea r 1918 over expenses and dividends
paid to depositors ................................................................................




2 ,9 1 5

211
255
$124,917 64
156,947 09

32,522 72
303 95
3 and 4
4
$41,571 05
5 ,0 9 6 42
3 2,549 90
3 ,9 24 73

86

R

eport

oh

S a v in g s

B

anks

26. WAPPINGER SAVINGS BANK, WAPPINGERS FALLS
12 M ill street; incorporated 1869]
I. T. N. HARCOURT, Vice-President.
W ILLIAM A. BREW STER, Treasurer.
CHARLES T. JONES, Vice-President.
J. W. CORNELL, Asst. Treasurer.
J. WYCKOFF CORNELL, Secretary.

TRUSTEES
MORTENSE H. CORNELL,
VVM. A. BREWSTER.
ERNEST D. BAXTER.
GEORGE W. ABBOTT,

J. WYCKOFF CORNELL,
JOHN H. WIXSON,
GEORGE H. ANGELL,
CHARLES T. JONES,

THOMAS J. CASHIN,
W ILLIAM J. WORKMAN,
I. T. N. HARCOITRT.
G. A. CUNNINGHAM.

FINANCIAL
RESOURCES
..........................................
Bonds and m o rtga ges....................
Stock and bond investm ents, v iz .:
Original
Estimated
Par
cost
market value
(Hooks and bonds
value
$58,684 00
$58,696 00
United States ........................
$58,696 00
26,925 78
26,484 #
Cities in this State...............
26,426 67
41,842 22
40,134 22
Counties in this State........
41,334 22
22,706 28
20,812 00
Towns in this State...........
21,400 00
39,379 33
40,123 80
38,780 09
Villages in this State...........
26,489 60
26,5# M
School districts in this State
26,0# 09
107,291 25
85,710 #
Railroad m ortgage bonds—
104,0# 00
$316,626 89
$323,313 46
$298,480 02
= = = = = = = = = = = = = = =
Cash on deposit in banks or trust com panies..................................
Cash on h a n d ..............................................................................................
T ota l o f collectible in terest.....................................................................

$382,860 00

208,4 8 0
9 1 ,1 3 0
3 ,6 5 2
10,015

02
11
62
77

$786,138 52
LIABILITIES
A m oun t due depositors, v iz .:
Principal .............................................................................
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.....................

$719,769 86

13,733 83
__________
Other liabilities, v iz .: D ividends accrued on deposits t o Jan ­
u ary 1, 1919...........................................................................................
Surplus on m arket
v a lu e .........................................................

$733,503 69
6 ,9 0 0 00
4 5 ,73 4 83
$786,138 52

Surplus on p a r value, $63,891.70
C ASH T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and’ in banks o r trust com panies January 1,
1918, b efore tran saction s o f the d a y ...............................................
F rom depositors, n ot in clud ing dividends cred ited ....................
From interest on loans, deposits a nd in vestm ents.........................
From m ortga ges .....................................................................................
F rom redem ption o f stocks and b on d s.............................................
F rom stock s and bonds sold (to ta l par value, $ 8 1 ,8 0 0 )...........

$109,427
247,107
36 ,20 3
7 ,2 3 6
5 7 ,05 4
81,800

03
61
77
00
22
00

$538,827 63
PAYMENTS
T o depositors, in cluding dividend's paid t o th em .........................
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 9 6,1 6 8 .2 2 )..................................
F o r interest (oth er than dividend paym ents to d e p o s ito r s ). . .




$243,466 69
196,440 98
90 37

D

utchess

87

C ounty

F or current expenses o f the bank, v iz .:
For salaries .....................................................................
For taxes :
Surplus.......................................................
For expenses, except taxes, o f banking h ouse:
Repairs .........................................................................
For 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 ouse..

$2,700 00
473 54
47 75
180 00

630 17
-----------------Other paym ents, v iz .: Insurance prem ium advanced..................
Cash on hand and in banks o r tru st com panies December 31,
1918, after transactions of the d a y ...............................................

$4,031 46
15 40
94,782. 73
$538,827 63

S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts January 1, 1919......................................
Num ber o f accounts opened and reopened during the y e a r -----N um ber o f accounts closed during th e y e a r ....................................
A m oun t deposited durin g the year, n ot in cluding dividends
credited fo r th at p e r io d .....................................................................
A m ount 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 .:
April 1, 1918.........................................................................
$13,749 45
October 1, 1918................................................................. 13,733 83
' -----------------Average am ou nt o f each account January 1, 1919....................
R ate per cent, o f dividends t o depositors durin g the six
m onths ending A p ril 1, 1918............................................................
R ate per cent, o f dividends t o depositors du rin g th e six
m onths en din g O ctober 1, 1918........................................................
T ota l earnings o f th e bank fo r the yea r 1918, 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 fo r the year 1918..................................
D ividends paid t o depositors fo r the year 1918.........................
N et earnings fo r the year 1918 over expenses and dividends
paid to dep o sitors..................................................................................




1,775
202
189
$247,107 61
243,466 69

2 7 ,48 3 28*
414 36
4
4
$ 35,945 10
4 ,0 31 46
27,483 28
4 ,4 3 0 36

E R IE C O U N TY

87.

AMERICAN SAYINGS BANK OF BUFFALO, BUFFALO
[216 Main street; Incorporated 1907]

JOHN M. SATTERFIELD, President,
CHARLES J. F IX , V ice-lkes.

JAMES HANRAHAN, Vice-President.
W ILLIAM P. LURDEKE, Secretary.

TRUSTEES
FRANK X . ARGUS,
WILLIAM T . ATW ATER,
ALFRED H. BURT,
MYRON P. BUSH,
EDWARD H. BUTLER.
CHARLES J. FIX ,
HERBERT A . MELDRUM,

WM. P. LUEDEKB,
F. E. FRONCZAK,
JAMES HANRAHAN,
NORMAN E. MACK,
ROBERT H. HEUSSLEB, J. M. SATTERFIELD,
THOMAS STODDART,
WM. H. HOTCHKISS,
CHAS. W. TOYNBEE,
DUDLEY M. IRWIN,
G. M. ZIMMERMAN.
BERT L. JONES,
F IN A N C IA L

RESOURCES
$ 1 ,9 4 3 ,3 8 5 00
B onds and m ortga ges...........
S tock and bond investm ents, v iz. J
Estimated
Par
Original
Stocks and bonds
market value
cost
value
United States...................
$225,000 00
$225,000 00
$225,000 00
State o f New M exico......
30.000 00
29,333 86
29,400 00
65,650 00
C ities in other States___
66.000 00
66,771 77
Cities in this State.........
139,403 83
137,796 68
138,739 08
24,000 00
24,600 00
Towns in this State.........
24,937 92
Villages in this State......
70,289 27
70,104 00
70,100 00
468,850 00
606,607 64
Railroad m ortgage bonds
514,000 00
$1,066,839 03 $1,061,344 19
P rom issory notes .......................................................
Cash on deposit in banks o r tru st co m p a n ie s .. .
Cash on h a n d .................................................................
T o ta l o f collectible in terest......................................
LIAB ILITIES

$1,021,300 68
1 ,0 2 1 ,3 0 0
3|,91o
312,8 3 4
16,466
2 3 ,2 7 2

68
00
68
27
57

$ 3 ,3 2 1 ,1 7 4 20
............... —.....-—

A m oun t due depositors, v iz .:
Principal ............................................................................. $3,191,943 09
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.....................
57,734 26
------------------ $ 3 ,2 4 9 ,6 7 7 35
Su rplu s on m arket v a lu e .....................................................................
71,496 85
$ 3 ,3 2 1 ,1 7 4 20
Surplus on par value, $117,035.20
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 1918
RECEIPTS
Cash on hand and! in banks o r trust com panies Janu ary 1,
1918, before transactions o f th e d a y ...........................................
$203,543
F rom depositors, n o t in cluding dividends cred ited ......................
1 ,4 9 3 ,0 0 3
F rom interest on loans, deposits and investm ents....................
150,377
F rom m o r t g a g e s ..........................................................................................
104,3 1 0
F rom redem ption
o f stocks an d b on d s.......... ...................................
6 8 ,90 3
F rom stocks and bonds sold (to ta l par value, $ 3 1 2 ,2 5 4 .4 7 )..
312,254
F rom loans p a i d .......................................................................................
2 ,0 9 5
F rom a ll oth er sources, v iz .: Exchange and' d iscou n t................
123




48
51
70
00
09
47
00
90

$ 2 ,3 3 4 ,6 1 1 15
[8 8 ]

E

e ie

89

C ounty

PAYMENTS
T o depositors, including dividends paid t o th em ......................... $ 1 ,3 3 2 ,9 4 7
F or loans on bonds and: m ortgages...................................................
112,700
6 ,0 1 0
F or loans on stocks a nd bonds and oth er secu rities____ _____
F or stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l p a r value, $540,319<.54)......................................
535,507
F or interest (oth er than dividend paym ents to depositors) . .
328
For current expenses o f the bank, viz.*:
$8,837 46
For salaries — .................................................................
For taxes : Surplus.........................................................
477 21
For rent o f banking room s............................................
5,000 00
For other expenses, not Including expenses o f other
real estate nor other expenses o f banking house..
3,522 18
-----------------17,816
Cash on hand and in banks or trust com panies Decem ber 31,
1918, after transaction® o f the d a y ...............................................
329,360

63
00
00
04
68

So
95

$ 2 ,3 3 4 ,6 1 1 15
S T A T IS T IC A L IN FO RM ATIO N
Number o f open account® January 1, 1919....................................
7 ,977
Number o f accounts opened or reopened during the y e a r . . . .
2 ,0 6 3
Number o f accounts closed du rin g the y e a r ...............................
2,391
A m ount deposited du rin g the year, not in cluding dividends
credited fo r th a t p e r io d ..................................................................... $ 1 ,4 9 3 ,0 0 3 51
A m ount w ithdraw n during the y e a r ...............................................
1 ,3 32 ,9 4 7 63
Am ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1918..........................................................................
$55,807 96
January 1, 1919...................................................................
57,477 65
Credited at other periods................................................
289 63
--------------------------------------- 113,575 24
Average am ou nt o f each account Janu ary 1,- 1919 ......................
407 38
R ate per cent, o f dividends t o depositors during the six
m onths ending June 30, 1918..........................................................
4
R ate per cent, o f dividends t o depositors during th e six
m onths ending December 31, 1918...............................................
4
T ota l earnings o f the bank fo r the year 1918, after allow ing
fo r am ortization o f prem ium s and discou n ts...................... ,
$151,567 82
T otal expenses o f the bank fo r the year 1918...........................
17,816 85
113,575 24
D ividends paid to depositors fo r the yea r 1918...........................
N et earnings fo r the yea r 1918 over expenses and dividends
paid to d e p ositors......... .................................................................
2 0,175 73




90

R

eport

on

S a v in g s

B

anks

28. BUFFALO SAVINGS BANK, BUFFALO
[545 Main street; incorporated 1846]
E. CORNING TOWNSEND, President.
GEORGE D. SEARS, Secretary.
CHARLES L. GURNEY, Vice-Pres.
F. X . WANEMACHER, Treasurer.
SEYMOUR P. W HITE, Vice-Pres.
CHARLES DENNY, Asst. Secretary.
OSCAR J. RODENBACH, Asst. Treasurer.
E. CORNING TOWNSEND,
WM. H. GLENNY.
CHARLES B. H ILL,
RICHARD E. GAVIN,
CHARLES L. GURNEY,

TRU STEES
JOHN L. CLAWSON,
SEYMOUR P. W HITE,
HENRY M. GERRANS,
D e w it t c l in t o n ,
C. B. PORTER,

I. S. UNDERHILL,
JOHN A. MANN,
WM. HUDSON,
HUGH KENNEDY.
EDWARD L. KOONS.

F IN A N C IA L
RESOURCES
$ 1 8 ,9 7 3 ,9 7 0 00
Bonds and m o rtga ges......................
S tock and bond investm ents, viz.:
Original
Estimated
Stocks and bonds
value
cost
market value
United States........................... $4,909,000 00 $4,886,793 80 $4,908,854 24
94,940 00
State o f C alifornia...............
101,000 00
96,328 75
State o f Louisiana..................
100,000 00
105,500 00
109,665 00
6,269,035 00
Cities in other States.......... 6,270,500 00
6,553,628 96
Cities in this State................ 3,386,927 83
3,374,166 08
3,515,834 70
Counties in this State..........
530, M0 00
543,337 17
533,935 M
Towns in this State...............
79,000 00
84,332 50
77,420 00
Villages in this State............
156,759 20
158,563 27
148,962 64
96, M0 00
School districts in this State
94,750 00
96,671 72
Railroad m ortgage bon ds.... 9,711,000 00 10,209,667 68
8,923,520 M
$25,338,937 03 $26,254,811 55 $24,531,532 86
2 4 ,5 3 1 ,5 3 2 86
B anking house and lot, book value, $450,000; cost, $783,734.76; actual cash v a lu e ...........................’ ......................................
Other real estate, book value, $57,099.68; cost, $57,099.68;
actu al cash value ..............................................................................
Cash on deposit in banks or tru st com panies................................
Cash on hand ..............................................................................................
T otal o f collectible in terest.................................................................

783,734 76
57 ,09 9
3 ,5 0 7 ,5 2 6
402,896
375,790

68
85
97
46

$48,632,551 58
LIABILITIES
A m oun t due depositors, v iz .:
Principal ............................................. ...............................$44,352,774 95
Dividends credited or to be credited for the six
months ending w ith December 31, 1918................... .
812,126 34
------------------ $ 4 5 ,1 6 4 ,9 0 1 29
Surplus on m arket v a lu e .......................................................................... 3 ,4 6 7 ,6 5 0 29
$ 4 8 ,6 3 2 ,5 5 1 53
Su rplu s on par value, $4,275,054.46.
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 1918
RECEIPTS
Cash on hand a n d in banks o r tru st com panies J anu ary 1,
1918, before tran saction * o f the d a y .......................................... $ 3 ,75 0 ,7 9 1
F rom depositors, n o t in clud ing dividends cred ited .................... 1 3 ,89 5 ,2 0 6
F rom in terest on loans, deposits and in vestm ents....................
2 ,0 8 0 ,4 4 6
From rents from banking b o u s e ........................................................
15,189
F rom rents from oth er real esta te......................................................
17,057
F rom m o r t g a g e s .................. .......................................................................
2 ,1 4 1 ,5 5 3
F rom redem ption o f stocks and b on d s........................................... 3 ,1 1 3 ,8 4 5
F rom loans paid .....................................................................................
143,420
F rom real estate sold ..............................................................................
193,900
F rom all other sources, v iz .:




98
96
12
78
55
70
53
00
00

E

r ie

C

91

ounty

Insurance premiums advanced, refunded.....................
Received in settlem ent deficiency judgm ent..............
Settlem ent and adjustm ent “ Other real estate ” ...

$8 00
755 73
7,820 00
____________

$ 8,583 73

$ 2 5 ,3 6 0 ,0 0 4 35
PAYMENTS
==================
T o depositors, in cluding dividends p a id t o th em .......................... $ 1 2 ,4 0 5 ,2 3 3 83
F or loans on bonds and m ortga ges....................................................
1 ,2 7 0 ,6 5 0 70
6 5,615 50
F or loans on stocks and bonds and other secu rities...................
F or stocks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l par value, $ 7 ,4 9 2 ,7 5 0 ).....................................
7 ,4 7 4 ,6 4 8 80
F o r in terest (oth er than dividend paym ents to d e p o s ito r s ). .
13,375 72
F or current expenses o f the bank, v iz .:
F or salaries .......................................................................
$88,250 78
F or ta x es: Banking house, $12,012.92; surplus
$25,823.48 ...........................................................................
37,836 40
For expenses, except taxes, o f banking h ouse:
Repairs ..........................................................................
702 86
Insurance .....................................................................
1,706 84
Other .............................................................................
13,550 00
F or expenses o f other real estate, v iz .:
Repairs ..........................................................................
1,098 87
Insurance ......................................................................
220 21
Taxes .............................................................................
4,444 72
Other .............................................................................
11,505 27
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
16,288 89
--------------------------------------- 175,604 84
F or real estate acquired by foreclosure, or in settlem ent of
debts due the b a n k ..............................................................................
41,951 14
Other paym ents, v iz .: Front surplus t o reduce “ B ook value ”
o f oth er real esta te..................................................................................
2 ,5 0 0 00
Cash on hand and in banks or tru st com panies December 31,
1918, after transactions o f the d a y ...............................................
3 ,9 1 0 ,4 2 3 82
$ 2 5 ,3 6 0 ,0 0 4 35
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, 1919....................................
7 0,425
Num ber o f accounts opened or reopened du rin g the y e a r . . . .
11,353
N um ber o f accou nts closed during the y e a r ..................................
10,001
A m oun t deposited du rin g the year, n o t in cluding dividends
credited fo r th at p e rio d .......................................................................$ 1 3 ,8 9 5 ,2 0 6 96
A m oun t w ithdraw n during the year ................................................. 1 2 ,40 5 ,2 3 3 83
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1918........................................................................... $803,339 68
January 1, 1919....................................................................
812,126 34
Credited a t other periods................................................
12,297 78
Paid but not credited......................................................
110 84
-----------------1 ,6 2 7 ,8 7 4 64
A verage am ount o f each account Janu ary 1, 1919.......................
641 32
N um ber o f accounts which exceeded $3,000, exclusive o f d iv i­
dends credited, a t the last tria l balance o f depositors’ ledgers
except deposits a risin g from society accounts, o r ju dicia l
sales, or tru st funds, or by order o f a cou rt o f record or of
a su rroga te ............................................................................................
3
T ota l am ount o f such a ccou n ts............................................................
$11,106 51
R a te per cent, o f dividends t o dep ositors durin g the six
m onths ending June 30, 1918............................................................
4
R ate per cent, o f dividends t o depositors durin g th e six
m onths ending Decem ber 31, 1918....................................................
4
T ota l earnings o f th e hank fo r the year 1918, a fter allow in g
fo r am ortization o f prem ium s and discou n ts............................. $ 2 ,0 6 5 ,6 2 2 21
T ota l expenses o f the bank fo r the yea r 1918..................................
175,604 84
D ividends paid t o depositors fo r the year 1918.............................
1 ,6 2 7 ,8 7 4 64
ixet earnings fo r the year 1918 over expenses and dividends
paid to depositors ..............................................................................
2 62,142 73




92

R

29.

eport

on

S a v in g s B

anks

ERIE COUNTY SAYINGS BANK, BUFFALO

(M ain, Niagara, Church and Pearl streets; incorporated 1854]
ROBERT S. DONALDSON, President.
G. BARRETT RICH, Vice-President.
GEORGE R. HOWARD, Vice-President.
ROBERT 8. DONALDSON,
GEORGE L. WILLIAMS,
W ILLIAM A. ROGERS,
G. BARRETT RICH,
GEORGE R. HOWARD,

ROBERT D. YOUNG, Treasurer.
STEPHEN B. LEE, Asst. Treasurer.

T R U ST E E S
JOHN C. BRADLEY,
CARLTON M. SMITH,
THOS. T . RAMSDELL,
JOHN W. ROBINSON,
H. W. SPRAGUE,

WHITNEY G. CASE,
ROBERT D. YOUNG.
GEORGE C. GINTHER.
JOHN K . WALKER.
E. H. HUTCHINSON.

F IN A N C IA L
RESOURCES
B on ds and m ortgages .............................................................................. $ 3 4 ,4 1 8 ,4 5 2 93
S tock and bond investm ents, v iz .:
Par
O riginal
Estim ated
Stocks and bonds
value
cost
market value
United states ........................ $3,175,000 O
ft $3,175,000 00
$3,176,00000
State o f Alabama...................
300,000 00
320,345 00
294,00000
State o f M assachusetts.........
500,000 00
560,625 00
440,00000
Cities in other States............ 3,082,000 00
3,222,706 45
2,919,14000
7,698,974 12
7,184,48557
Cities in this State............. 7,502,608 07
Counties in this State..........
20,000 00
20,000 00
19,60000
Railroad m ortgage b on d s... 10,176,000 00 10,748,732 30
8,436,730 00
$24,844,608 07 $25,746,381 87 $22,468,955 57
P rom issory notes .......................................................................................
B anking house and lot, book value, $1,196,057.43; cost, $1,196,057.43; a ctu a l c a d i v a lu e ..........................................................
O ther real estate, book value, $43,293.09; cost, $43,293.09;
actual cash value ........................... ...................................................
Cash on deposit in banks or tru st com pan ies...............................
Cash on hand ............................................................................................
T o ta l o f collectible in terest...................................................................
A m ou n t o f all oth er assets, v iz .: R en t a ccru ed .............................

2 2 ,4 6 8 ,9 5 5 57
228,291 89
1 ,1 9 6 ,0 5 7 43
4 3 ,29 3
4 ,8 4 2 ,8 1 9
2 18,861
720,919
1 ,8 68

09
31
36
69
82

$ 6 4 ,1 3 9 ,5 2 0 09
LIAB ILITIES
A m ou n t due depositors, v iz .:
Principal .............................................................................$59,230,724 92
Dividends credited or to be credited for the six
months ending w ith December 31, 1918..................... 1,102,710 %
------------------ $ 6 0 ,3 3 3 ,4 3 5 77
Surplus on m arket v a l u e ........................................................................ 3 ,8 0 6 ,0 8 4 32
$ 6 4 ,1 3 9 ,5 2 0 09
Surplus on pa r valuer $6,181,736.82.
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 1918
RECEIPTS
Cash on hand and1 in hanks o r trust com panies Janu ary 1,
1918, before tran sa ction s o f th e d a y ...........................................5 ,5 1 5 ,6 5 1 19
F rom depositors, n o t in clu d in g dividends cred ited ................ 1 4 ,1 9 5 ,4 3 0 93
F rom in terest on loans, deposits a nd investm ents....................... 2 ,7 4 6 ,3 1 8 25
F rom rents from banking house ........................................................
6 0 ,50 6 93
From rents from oth er real esta te....................................................
477 50
F rom m o r t g a g e s ..........................................................................................
1 ,1 8 5 ,8 0 5 00
F rom redem ption o f stocks and b on d s.............................................
8 7 1 ,1 9 9 98
F rom stocks and bonds sold- (to ta l par value, $ 2 4 ,6 4 0 .2 8 )....
2 4 ,6 4 0 28
F rom loans pa id .......................................................................................
212,3 8 0 00
From real estate s o ld ..............................................................................
10,296 23




E

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93

-C o u n t y

From a ll oth er sources, viz.:
Settlem ent o f fire loss hank building...........................
P rofit sale o f real estate.................................................
U. S. T h rift Stomps sold.................................................
Sale o f old m aterial.........................................................

$232 00
329 71
1,695 00
219 13
-------- ----------

$£ ,47 5 84
$ 2 4 ,8 2 5 ,1 8 2 13

PAYMENTS
T o depositors, in clud ing dividends paid to th em ...................... $ 1 4 ,8 0 4 ,3 0 6 88
F o r loans o n bonds and m ortga ges....... ............................................ 1 ,1 6 3 ,2 7 5 00
111,438 40
F or loans on stoeks and bonds and oth er secu rities.................
F or stocks* and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l pa r value, $3,439,640.28).....................................
3 ,4 3 0 ,6 4 0 28
F or interest (oth er th an dividend paym ents t o d e p o s ito r s ). .
11,054 23
F o r cu rrent expenses o f the bank, v iz .:
F or salaries ........................................................................
$89,343 27
For ta x es:
Banking house, $27,068.52; surplus,
*28,244.78 ...........................................................................
55,313 30
For expenses, except taxes, o f banking h ouse:
Repairs ..........................................................................
10,339 47
Insurance .....................................................................
3,978 08
Other .............................................................................
30,316 21
For expenses o f other real estate, v iz .:
Repairs ..........................................................................
44 36
Insurance .....................................................................
276 64
Taxes .............................................................................
1,036 56
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
31,147 55
-----------------221,795 44
F o r real estate acquired by foreclosure, or in settlem ent o f
debts due the b a n k ..............................................................................
10,296 23
O ther paym ents, viz. : U . S. T h rift S ta m ps....................................
1 ,695 00
Cash on hand and in banks or trust com panies December 31,
1918, after transactions o f the d a y ...............................................
5 ,0 6 1 ,6 8 0 67
$ 2 4 ,8 2 5 ,1 8 2 13
S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accounts January 1, 1919......................................
93,427
Num ber o f accounts opened or reopened durin g the y e a r ____
12,033
Num ber o f accounts closed during the y e a r ..................................
12,835
A m oun t deposited du rin g the year, n ot in cluding dividends
credited fo r th a t p e r io d ..................................................................... $ 1 4 ,1 9 5 ,4 3 0 93
A m oun t w ith draw n du rin g the y e a r ............................................... 1 4 ,8 0 4 ,3 0 6 .8 8
A m oun t o f dividends credited and paid fo r the year, v iz .:
July % 1918.......................................................................... $1,099,614 52
January 1, 1919................................................................... 1,102,710 85
Credited at other periods................................................
1,777 45
------------------ 2 ,2 0 4 ,1 0 2 82
Average am ou nt o f each accou nt Janu ary 1, 1910 ....................
645 78
R a te per cent, o f dividends t o depositors du rin g the six
m onths ending June 30, 1918........................................................
4
R a te per cent, o f dividends t o depositors during th e six
m onths ending Decem ber 31, 1918.................................................
4
T ota l earnings o f the bank fo r the year 1918, after allow in g
fo r am ortization o f premiums and d iscou n ts............................. $ 2 ,8 0 3 ,2 8 0 94
T ota l expenses o f th e bank for the year 1918...............................
221,795 44
D ividends paid t o depositors for the year 1918 .............................
2 ,2 0 4 ,1 0 2 82
N et earnings fo r th e year 1918 over expenses and dividends
paid t o depositors ................................................................................
377,382 68




94

R

30.

eport

on

S a v in g s B

anks

THE WESTERN SAVINGS BANK, BUFFALO
[438 Main street; incorporated 1851]

ALBERT 3. WHEELER. President.
HENRY ERB, Vice-President.

HOWARD H. BAKER. Vice-President.
FRANKLIN W . H. BECKER, Treaiu

TRUSTEES
HENRY ERB,
HENRY E. BOLLER.
ALBERT J. WHEELER, LESLIE J. BENNETT,
HOWARD H. BAKER,
F. W . H. BECKER.
CHARLES DIEBOLD, J b., LEW IS J. HEINTZ,
EDWARD A . EISELE,

CHAS. H. DONALDSON,
EDW. E. COATSWORTH,
GEO. D. MONTGOMERY,
GROVER W. WENDE,
HENRY R. HOFFELD.

F IN A N C IA L
RESOURCES
............................................. $ 5 ,5 4 5 ,3 7 5 00
Bonds and m o r t g a g e s .......................
Stock and bond investm ents, v iz .:
Original
Estimated
Stocks and bonds
value
cost
market value
United States ..........................$1,122,300 00 $1,109,268 60 $1,122,300 00
Cities in other States...........
500,000 00
525,244 40
492,000 00
Cities in this State............... 1,928,627 08
1,973,626 62
1,929,567 52
Counties in this State........
162,000 00
166,371 20
159,570 00
Villages in this State...........
147,958 30
149,564 57
147,158 30
School districts in this State
101,000 00
101,000 00
98,150 00
Railroad m ortgage bonds___ 2,425,000 00
2,398,062 60
2,024,250 00

B anking
actual
Cash on
Cash on
T o ta l o f
A m ou n t

$6,386,885 38 $6,423,137 89 $5,972,995 82
■
......... -......... ........-..-......... ■
-----------------house and lot, book value, $100,000; cost, $150,000;
cash v a l u e ...................................................................................
deposit in banks or tru st com panies.............................
h an d ..............................................................................................
collectible in terest......................................................................
o f a ll other assets, v iz .: Taxes a dvan ced....................

5 ,9 7 2 ,9 9 5 82
150,000
927,7 6 9
131,579
1 19,933
1,447

00
96
80
22
48

$ 1 2 ,8 4 9 ,1 0 1 28
LIAB ILITIES
A m oun t due depositors, v iz .:
Principal ............................................................................ $11,862,278 03
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.....................
225,053 20
------------------ $ 1 2 ,0 8 7 ,3 3 1 23
Su rplu s on m arket v a lu e ..........................................................................
7 61,770 05
$ 1 2 ,8 4 9 ,1 0 1 28
S u rplu s on p a r value, $1,175,659.61.
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 1918
RECEIPTS
Cash on hand and in bonks o r tru s t com panies Janu ary 1,
1918, b efore transactions o f the d a y ............................................. $ 1 ,0 8 2 ,2 6 3 85
F rom depositors, n o t in clud ing dividends cred ited ....................
3 ,1 6 7 ,8 0 7 42
From interest on loans, deposits and investm ents....................
565,0 9 0 43
F rom rents from banking h ou se........................................................
4 ,7 4 9 04
F rom m ortgages .......................................................................................
3 90,945 00
From redem ption o f stocks and b on d s...........................................
623,6 1 6 69
F rom stocks and bonds sold (to ta l par value, $ 5 8 1 ,2 0 0 )...........
581,2 0 0 00
$ 6 ,4 1 5 ,6 7 2 43
PAYMENTS
T o depositors, in cluding dividends paid to th em ............................. $ 3 ,2 2 8 ,2 0 1
F o r loans on bonds and m ortga ges....................................................
2 0 8 ,9 5 0
F o r stocks and bonds purchased, in cluding prem ium s, com m is­
sions, etc. (to ta l p a r value, $1,882,211.41)..................................
1 ,8 6 3 ,6 3 7
F or interest (oth er than dividend paym ents to d e p o s ito r s ). .
5 ,5 31




30
00
89
16

E

r ie

C ounty

F or current expenses o f the bank, v iz .:
For salaries .......................................................................
$28,686 66
For taxes : Banking house, $9,208.75; surplus, $4,754.01
13,989 76
For expenses, except taxes, o f banking house:
Repairs ..........................................................................
860 21
Insurance ........... *.......................................................
990 00
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
5,484 69
--------------- -Cash on hand and in banks o r trust com panies December 31,
1018, after transactions o f the d a y ...............................................

95

$50,002 32
1 ,0 5 9 ,3 4 9 70
$ 6 ,4 1 5 ,6 7 2 43

S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou nts Janu ary 1, 1919......................................
15,235
Num ber o f accou nts opened o r reopened d u rin g the y e a r .........
2,271
Num ber o f accounts closed du rin g th e y e a r ..................................
1 ,9 89
A m oun t deposited du rin g the year, n o t in cluding dividends
credited fo r th a t p e r io d ....................................................................... $ 3 ,1 6 7 ,8 0 7 42
A m oun t w ithdraw n du rin g the y e a r ...............................................
3 ,2 2 8 ,2 0 1 30
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1918........................................................................... $224,606 54
January 1, 1919...................................................................
225,053 20
Credited at other periods..............................................
1,277 70
451,937 44
A verage am ount o f each account Janu ary 1, 1919....................
793 39
N um ber o f accou nts w hich exceeded $3,000, exclusive o f div i­
dends credited, a t the la st tr ia l balance o f depositors’
ledgers, except deposits a risin g from society accounts, or
ju d icia l sales, o r tru st funds, or b y ord er 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........................................................
$3,607 00
R ate per cent, o f dividends to depositors durin g the six months
ending June 30, 1 9 1 8 . . .....................................................................
4
R a te per cent, o f dividends t o depositors du rin g the six months
ending December 31, 1918...................................................................
4
T ota l earnings o f th e bank for th e yea r 1918, after allow ing
fo r am ortization o f prem ium s and discou n ts.........................
$575,070 29
T ota l expenses o f th e bank fo r the year 1918.............................
5 0,002 32
D ividends paid to dep ositors fo r the year 1918.............................
451,937 44
N et earnings fo r th e yea r 1918 over expenses and dividends
paid to d ep ositors.................... ..............................................................
73,130 53




GREENE COUNTY
31.

CATSKHX SAVINGS BANK, CATSKILL

[343 Main street; incorporated 1868]
W. IRVING JENNINGS, President.
ORRIN DAY. Treasurer.
EMORY A . CHASE, Vice-President.
JEREM IAH DAY, Secretary.
ADDISON P. JONES. A ssistant Secretary.

TRUSTIES
W. IRVING JENNINGS,
JEREMIAH DAY,
ORRIN DAY,
WM. FALMATIDR.
------------------------ ....
CHARLES E. BASSETT,

EMORY A. CHASE,
-------------------------- f> M
T»
JAMES L. MALCOI
A . C. BLOODGOOD.
ADDISON P. JONES.
WM. H. VAN ORDE&,

GEORGE S. LEW IS.
FRANK H . OSBORN.
HOWARD C. SMITH.
W ILLIAM J. HUGHES.
J. CLARK SALISBURY.

F IN A N C IA L
RESOURCES
Bonds and m ortga ges............................................................................... $ 1 ,1 3 4 ,3 9 4 89
S tock and bond investm ents, v iz .:
Original
Par
Estimated
Stocks and bonds
value
cost
market value
3608,695 25
3610,634 00
United States ........................ $610,634 00
45,866 25
45.000 00
State o f New York.
45,450 00
23,500 00
23,600 00
26.000 00
State o f C alifornia.......
18,000 00
18,000 00
18,000 00
State o f South Dakota.
25,000 00
34,662 60
26, 24$ 00
State o f W yoming.......
697,040 00
712,000 00
743,320 81
Cities in other States.
408,640 60
436,794 89
Cities in this State...............
424,080 00
22,443 47
19,800 00
Counties in this State........
20,000 00
35,370 50
Towns in this State...............
35,000 00
36,324 00
83,000 00
Villages in this State...........
88,621 60
81,200 00
68,881 90
School districts in this sta te
63,620 00
63,967 22
Railroad m ortgage bonds—
494,000 00
616,947 11
430,830 00
32,556,334 00

% 642,894 18
%

$2,461,625 82
2 ,4 6 1 ,6 2 5 82

B anking house and lot, book value, $40,000; cost, $54,512.27;
actual cash valu e ...............................................................................
O ther real estate, book value, $1,263.38; cost, $1,263.38; actual
cash valu e ................................................................................................
Cash on deposit in banks o r tru st com panies..................................
Cash o n h a n d ..............................................................................................
T o ta l o f collectible in terest.................. *.................................................

4 0 ,0 0 0 00
1 ,2 6 3
177,475
4 0 ,15 1
5 4 ,3 8 8

38
78
86
24

$ 3 ,9 0 9 ,2 9 9 97
LIAB ILITIES
A m oun t due depositors, v iz .:
Principal .............................................................................. 33,498,741 24
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1918.....................
66,440 51
------------------ $ 3 ,5 6 5 ,1 8 1 75
O ther lia b ilities, v iz .: L ib erty B ond d ep osits..................................
7 ,5 71 00
Surplus on m arket v a lu e .....................................................................
3 36,547 22
$ 3 ,9 0 9 ,2 9 9 97
S u rplu s on p a r valu e, $430,255.40.
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 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies January 1,
1918, 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 in vestm ents.........................
F rom ren ts from oth er real esta te ...................................................
F im a m o rtga ges.........................................................................................
F rom redem ption o f stocks and b on d s...........................................




[96]

$291,434
8 56,675
159,2 3 4
79
185,675
5 5 5 ,3 3 0

72
55
91
20
00
00

G

reece

C

97

ounty

F rom . stocks and bonds sold (to ta l par value, $ 3 5 ,4 0 0 )...........
F rom all oth er sources, v iz .:
$27,532 33
Liberty Bond payments by subscribers........................
Interest accrued on Liberty Bonds held for sub­
scribers ; material sold.................................................
83 01
____________

$35,400 00

2 7 ,617 34

$ 2 ,1 1 1 ,4 4 6
PAYMENTS
............::..
:
$829,771
T o depositors, in cluding dividends paid to th em .........................
2 8 ,4 5 0
F o r loans on bonds and m ortga ges....................................................
F o r stocks and bonds purchased, including premiums, com m is­
999,244
sions, etc. (to ta l par value, $ 1 ,0 0 1 ,5 3 4 )..................................
1,4 46
F o r interest (oth er than dividend paym ents t o d e p o s ito r s ). .
.F or cu rrent expenses o f the bank, v iz .:
For salaries ................... ...................................................
$8,440 61
For taxes : Banking house, $972.52; surplus, $3,114.68 ;
on mortgages,$65.00.........................................................
4,152 20
For expenses, except taxes, of banking house:
Repairs ...........................................................................
12 ft2
Other ..............................................................................
307 75
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
58 56
Taxes ..............................................................................
42 12
Other ..............................................................................
6 00
For other expenses, not including expenses of other
real estate nor other expenses o f banking house..
1,766 12
14,783
O th e r paym ents, v iz .:
Liberty Bond payments on bonds held for subscribers
$19,961 33
Interest accrued on partial payments by Liberty
Bond subscribers; cash shortage; adjustment of
account ..............................................................................
162 70
20 ,12 4
C a s h on hand and in banks o r tru st com panies Decem ber 31,
217,627
1918, after transactions o f the d a y ...............................................

72
45
00
20
02

38

03
64

$ 2 ,1 1 1 ,4 4 6 72
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, 1919..................................
N um ber o f accounts opened o r reopened du rin g the y e a r.........
N um ber o f accounts closed du rin g th e y e a r ....................................
A m oun 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 oun t w ithdraw n du rin g the y e a r ...................................................
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1918...........................................................................
$65,301 11
January 1, 1919....................................................................
66,440 51
A verage am ount o f each account Janu ary 1, 1919.........................
N u m b er o f accounts w hich exceeded $3,000, exclusive o f d iv i­
dends credited, a t the la st tr ia l balance o f depositors’
ledgers, except deposits arising from society accounts, o r
ju d icia l sales, or tru st funds, o r b y order o f a eou rt o f record
o r o f a s u r r o g a t e ..............................................................................
T o ta l am ount o f such a ccou n ts............................................................
R a te per cent, o f dividends t o depositors d u rin g th e six months
ending June 30, 1918............................................................................
“R a te per cent, o f dividends t o depositors du rin g th e six months
en din g Decem ber 31, 191-8.................................................................
T o t a l earnings o f the bank f o r th e yea r 1918, a fter allow in g
f o r am ortization o f prem ium s and d iscou n ts.............................
T o ta l expenses o f the bank f o r the yea r 1018..................................
D ividends pa id to depositors fo r the year 1918.............................
N e t earnings fo r th e year 1918 over expenses and dividends
paid to depositors ................................................................................
A




7 ,4 12
820
796
$856,676 55
629,771 45

131,741 62
481 00

1
$ 3 ,68 8 86
4
4
$157,043 53
14 ,79 4 71
131,741 62
11,407 20

JEFFERSON COUNTY
3 2 . JEFFERSON COUNTY SAVINGS BANK, WATERTOWN
[202 W ashington street; incorporated 1859]
HENBY PUBCELL, President.
GEORGE C. SHERMAN, Vice-President.
O. E. HUNGERFORD. Vice-President.
A. T. B. LANSING. Treasurer.
GEORGE W. HULSE, Assistant Treasurer.
O. E. HUNGEBPOBD,
GEO. C. SHEBMAN,
FRED W. COBURN,
HENRY PUBCELL,

S.
D.
D.
A.
J.

TRU STEES
B. CLEVELAND,
M. ANDERSON,
M. COSGROVE,
T. B. LANSING,
MUNSON GAMBLE.

S. A.
P. H.
P. A.
CABL

UPHAM,
WADDINGHAM,
PITCHES,
G. NILL,

F IN A N C IA L
BESOUBCES
$ 4 ,0 5 7 ,0 8 8 94
Bonds and m ortga ges...........................
S tock and bond investm ents, v iz .:
Original
Estimated
Stocks and bonds
value
cost
market value
United States .......................... $1,149,150 00 $1,140,696 20 $1,149,002 45
103,250 00
100,000 00
State o f Delaware..................
99,000 00
Cities in other States...........
485,000 00
600,594 34
474,650 00
Cities in this State............... 1,064,600 00
1,088,305 45
1,022,324 00
Counties in this State........
56,000 00
56,428 56
66,265 00
Towns in this State...............
148,200 00
166,291 63
142,614 00
260,957 03
Villages in this State............
256,371 18
259,671 28
87,557 26
86,613 62
School, districts in this State
86,897 60
1,983,100 00
Railroad mortgage bon d s.... 2,332,000 00
2,343,353 13
$5,676,218 68

$5,736,047 84

$5,263,426 00
5 ,2 6 3 ,4 2 6 00

B anking house and lo t, book value, $44,481; cost, $44,481;
actu a l cash valu e .................................................................................
Cash on dep osit in banks o r tru s t com panies...............................
Cash o n h a n d ..............................................................................................
T o ta l o f collectib le in terest...................................................................
A m oun t o f a ll oth er assets, v iz .: Land con tra cts...........................

44 ,48 1
527,799
124,496
73,875
159,814

00
73
70
93
68

$ 1 0 ,2 5 0 ,9 8 2 98
LIABILITIES
A m ou n t due depositors, v iz .:
P rin cip a l.............................................................................. $9,672,996 32
Dividends credited or to be credited for the six
months ending with December 31, 1918........................
183,880 63
------------------ $ 9 ,8 5 6 ,3 7 6 85
Other lia b ilities, v iz .: L ib erty Bond d ep osits.............................
19,233 24
Surplus on m arket v a lu e ........................... ..............................................
375,372 89
$ 1 0 ,2 5 0 ,9 8 2 98
Surplus on pa r value, $788,165.57.
C A S H T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on . hand and in banks o r tru s t com panies J anu ary 1,
1918, b efore transactions o f the day ...........................................
F rom depositors, n ot in cluding dividends cred ited ....................
From interest on loans, deposits and in v e s tm e n ts .........................
F rom rents fro m banking h o u s e ...........................................................
F rom rents from oth er real estate ....................................................
From m ortgages ........................................................................................
From redem ption o f stocks and b o n d s .............................................




[9 8 ]

$875,221
2 ,0 6 1 ,3 0 2
458,7 0 6
5 ,0 4 8
236
398,7 4 2
138,511

00
73
99
35
25
94
54

J

efferson

C oun ty

From stocks and bonds sold (to ta l par value, $ 2 6 0,2 3 8 .7 5 )-----From real estate sold ..........................................................................
From a ll oth er sources, v iz .:
Insurance premiums and taxes advanced, refunded;
appraisal fees, cash over............................................
$2,629 66
U. S. W ar Savings and Thrift Stamps s o ld ; interest
accrued on bonds..............................................................
11,629 13
Received on real estate con tract; rent “ Other real
estate” ............................................................................
1,330 00
Surplus In foreclosure action.........................................
2,985 44
Liberty Bond payments bysubscribers........................
131,609 02
------------------

99
$260,238 75
127,393 92

150,183 25
$ 4 ,4 7 5 ,5 8 5 72

PAYMENTS
T o depositors, in cluding dividends paid to th em ......................... $ 2 ,0 6 6 ,1 6 9 77
F or loans on bonds and m o r t g a g e s ....................................................
2 67,573 51
F or stocks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l parvalue, $1,210,628.75) ..................................
1 ,1 9 8 ,0 7 4 95
F or interest (oth er than dividend paym ents to d e p o s ito r s ). . .
8 ,1 49 51
F o r current expenses o f the bank, v iz .:
For salaries .......................................................................
$23,088 50
For taxes: Banking house, $4,643.31 ; surplus,
$3,333.80; on mortgages, $60.00.....................................
8,037 11
For expenses, except taxes, of banking house:
Repairs ...........................................................................
671 72
Insurance ......................................................................
557 78
Other ..............................................................................
1,686 31
For rent o f banking rooms..............................................
900 00
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house—
6,387 25
-----------------41,138 67
Other paym ents, v iz .:
Account Bank building....................................................
$100,000 00
U. S. War Savings and Thrift Stamps........................
11,600 63
Liberty Bond account........................................................
125,372 50
Insurance premiums and taxes advanced; Rent re­
funded on building sold ; Appraisal fees..................
2,486 67
Cost foreclosure actions; sundries..............................
2,723 08
-----------------242,182 88
Cash on hand and in banks or tru st com panies December 31,
1918, a fter transactions o f the d a y .............................................
652,298 43
$ 4 ,4 7 5 ,5 8 5 72
S T A T IS T IC A L IN FO RM ATIO N
Num ber o f open accounts Janu ary 1, 1919 ......................................
28 ,87 8
Num ber o f (accounts opened or reopened du rin g the y e a r . . . .
1,758
N um ber o f accou nts closed during the y e a r ..................................
2 ,8 1 2
A m ount deposited du rin g the year, n ot in cluding dividends
credited fo r th a t p e r i o d ____."............................................................ $ 2 ,0 6 1 ,3 0 2 73
A m oun t w ithdraw n during the year ...............................................
2 ,0 8 6 ,1 6 9 77
A m oun t o f dividends credited and p a id fo r the year, v iz .:
July 1, 1918........................................................................... $181,159 52
January 1, 1919....................................................................
183,380 53
Credited at other periods.................................................
218 46
-----------------364.758 50
A verage am ount o f each account January 1, 1 9 1 9 ......................
341 41
R a te per cent, o f dividends t o depositors du rin g the six m onths
ending Jun e 30, 1918 ..........................................................................
4
R ate per cent, o f dividends to depositors du rin g the six months
ending Decem ber 31, 1918 .................................................................
4
T ota l earnings o f the bank fo r the year 1918, after allow ing
fo r am ortization o f prem ium s and discounts .........................
$458,354 92
T otal expenses o f the hank fo r the year 1918 .............................
41 .13 8 67
D ividends pa id to depositors fo r the year 1918 ...........................
3 6 4 ,7 5 S 50
N et earnings fo r th e year 1918 over expenses and dividends
paid t o d e p o s it o r s ................................................................................
50 .45 7 75




100

R
33.

eport

oh

S a v in g s

B

anks

W A T E R T O W N SA V IN G S B A N K , W A T E R T O W N
[125 Washington street; incorporated MM]

ISAAC L. HUNT. President.
HARVEY W. STEELE, Treasurer.
SILAS L. GEORGE, Vice-President.
JOHN R. KILBORN,
JOHN R. PAWLING,
WILLIAM E. SILL,
SILAS L. GEORGE,
H. W. STEELE.
HERBERT E. HARMON,

TRU STEES
HAROLD W. CONDE,
H. P. DUNLAP,
CHARLES D. BINGHAM,
GEORGE H. BURNS,
FRANK S. TISDALE,
ALBERT W. OATMAN,

ISAAC L. HUNT,
ANTONIO F. MILLS,
IRA SHARP,
ADAM BICKELHAUPT.
ELI B. JOHNSON,
KARL GEORGE.

F IN A N C IA L
RESOURCES
52,072,15*2 00
B onds and m ortga ges.......................
Stock and bond investm ents, v iz .:
Original
Estimated
Par
Stocks and bonds
market value
cost
value
$158,150 00
$158,150 00
United States ........................
$158,150 00
25,300 00
State o f Louisiana...............
25.000 00
24,943 00
4,000 00
State o f South Dakota........
4,000 00
4,000 00
362,296 00
Cities in other States...........
373,31S 16
359,500 00
290,740 27
291,606 05
Cities in this State...............
285,213 60
Counties in this State...........
98, mi m
94,005 00
96.000 00
Towns in this S ta te ...:........
30,500 00
30,795 00
30,487 00
368.521 96
Villages in this State............
361,159 32
363,595 00
110.521 45
School districts in this State
108,700 00
108,868 00
370,000 00
371,003 50
322,300 00
Railroad mortgage b onds....
$1,800,658 60

$1,829,547 92

$1,757,304 59

P rom issory notes ........................................................
Cash on deposit in banka or tru st com panies
Cash on h a n d .................................................................
T o ta l o f collectib le in terest......................................

1 ,7 5 7 ,3 0 4
4 ,5 7 0
310. M 2
2 7 ,54 6
2 0 ,12 7

59
00
90
06
89

$ 4 ,2 0 0 ,8 6 3 44
LIABILITIES
A m ou n t due depositors, v iz .:
Principal .............................................................................. $3,9?®, S3 04
Dividends credited or to be credited for the six
months ending with December 31, 1918.....................
75,640 50
-----------------Other lia b ilities, v iz .: L ib erty Bond d ep osits.............................
Su rplu s on m arket v a l u e ........................................................................

3 ,9 8 0 ,9 0 3 54
3 ,8 6 3 25
2 1 6 ,0 9 6 65
$ 4 ,2 0 0 ,8 6 3 44

Su rplu s on p a r value, $259,450.66.
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 1918
RECEIPTS
Cash on hand and in banks or tru st com panies J anu ary 1, 1918,
before tran saction s o f the d a y ..........................................................
F ro m depositors, n o t in cluding dividends cre d ite d ......................
F rom in terest on loans, deposits and investm ents.........................
F ro m m ortgages ........................................................................................
F rom redem ption o f stocks and b o n d s .................................................
F rom stocks and bonds sold (to ta l pa r value. $ 7 8 ,8 0 0 )...........
F ro m a ll other sources, v iz .: L ib e rty B ond paym ents b y sub­
scribers .......................................................................................................




$429,702
6 9 3 ,2 0 6
196,126
1 2 7 ,3 5 8
1 8 1 ,1 7 5
7 8 ,5 1 3

78
54
58
00
18
00

1 5.105 '25

$ 1 , 721,247 33

J

efferson

C ounty

101

PAYMENTS
T o depositors, including dividends paid to t h e m .. .
F o r loans on bonds and m ortga ges...............................
F o r 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, $ 3 5 9 ,6 2 5 )...........................................
F or interest ( other than dividend paym ents t o d ep ositors) . . . .
F o r current expenses o f the bank, v iz .:
For salaries ................................................................. $11,952 00
For taxes : Surplus, $1,882.91; on mortgages, $206.00..
2,088 91
1,500 00
For rent o f banking rooms..............................................
For other expenses, not including expenses of other
real estate nor other expenses o f banking house..
1,282 25
Other paym ents, v iz .: L ib erty Bond, fou rth loan a ccou n t. . . .
Cash on hand and in banks or tru st com panies December 31,
1918, after transactions of the d a y .................................................

$814,712 86
171,250 00
4 ,5 7 0 00
360,545 06
1,335 29

19,823 16
11,302 00
3 37,708 96
$ 1 ,7 2 1 ,2 4 7 33

„
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, 1919......................................
Num ber o f accounts opened or reopened during 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 du rin g the year, n ot in cluding dividends
credited fo r th a t p eriod ........................................................................
A m ount w ithdraw n du rin g the y e a r ....................................................
A m ou n t o f dividends credited and paid fo r the year, v iz .:
July 1, 1918...........................................................................
$75,632 25
January 1, 1919....................................................................
75,640 50
■
-----------------A verage am ount o f each account Janu ary 1, 1919 ....................
R a te per cent, o f dividends to depositors during the six m onths
ending June 30, 1918............................................................................
R ate per cent, o f dividends to depositors du rin g the s ix m onths
ending Decem ber 31, 1918...................................................................
T o ta l earnings o f the bank fo r th e year 1918, after allow ing for
am ortization o f prem ium s and d iscou n ts......................................
T ota l expenses o f the hank for the year 1918....................................
D ividends paid to depositors fo r the year 1918.............................
N et earnings fo r the year 1918 over expenses and dividends
paid to d e p ositors...................................................................................




8,901
791
1,273
693,206 54
814,712 86

151,272 75
447 24
4
4
$193,585 79
19,823 16
151,272 75
2 2 ,48 9 88

KINGS COUNTY

34.

B A Y RID G E SA V IN G S B A N K , BRO O K LYN
[5323 Fifth avenue; incorporated 1909]

MAURICE T. LEWIS, President.
MICHAEL MURPHY, Vice-President.
WM. A. FISCHER, Vice-President.
MAURICE T. LEWIS,
MICHAEL MURPHY,
JOHN D. HOLSTEN,
PIERCE KEEFE,
GEORGE IHNKEN,

JOHN D. HOLSTEN, Treasurer.
PIERCE KEEFE, Secretary.
ROBERT S. DARBEE, Cashier.

TRU STEES
HENRY KETTELHODT.
JUSTUS BERGE,
OLAF OLAFSON.
HENRY MEYER.
HENRY SCHWANEWEDE, WILLIAM A. FISCHER,
WM. E. KAY,
ROBERT iS. DARBEE,
WILLIAM J. WARD,
PETER N. MEINCKE,
F IN A N C IA L

RESOURCES
Bonds and m o r t g a g e s ......................
..................... $ 1 ,4 9 3 ,1 0 0 00
S tock and bond investm ent, viz. :
Par
Original
Estimated
Stocks and bonds
cost
value
market value
United States ........................
$441,000 00
$441,000 00
$441,000 00
Cities in other States...........
63,865 47
62, (W 00
0
62,150 00
Cities in this State...............
58,2% 00
62,000 00
57,499 40
Towns in this State...............
5,000 00
5,1% 46
5,100 00
Villages in this State...........
70,880 74
71,987 11
71,257 72
Senool districts in this State
11,262 60
11,000 00
11,342 91
Railroad mortgage bonds___
145,000 00
136,798 75
134,160 00
$796,880 74
$7%, 890 71
$783,889 61
--- ■
7 8 3 ,8 8 9 61
P rom issory notes .........................................................................................
2 5 0 00
Other real estate, bode value, $16,634.87; cost, $16,634.87;
actu al cash v a l u e ...................................................................................
16,634 87
Cash on deposit in banks o r tru st com panies..................................
334,4 9 5 12
Cash on h a n d ................................................................................................
29,383 44
T o ta l o f collectible in terest....................................................................
15,486 24
A m oun t o f a ll other assets, v iz .:
Furniture and fixtures.....................................................
$6,000 00
7,767 00
Liberty Bond coupon stamps...........................................
-------------------------------------- 13,767 00
$ 2 ,6 8 7 ,0 0 6 28
LIABILITIES
A m ou n t due depositors, v iz .:
Principal .............................................................................. $2,522,7% 94
Dividends credited or to be credited for the six
months ending with December 31, 1918........................
36,164 13
------------------ $ 2 ,5 5 8 ,9 2 0 07
O ther lia b ilities, v iz .: L ib erty B on d d ep osits................................
7 6 ,7 6 9 50
Surplus on m arket v a lu e ..........................................................................
5 1 ,3 1 6 71
$ 2 ,6 8 7 ,0 0 6 28
Surplus on pa r value, $64,307.84.
C A S H T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks or tru st com panies Ja n u a ry 1 ,1 9 1 8 ,
b efore tran saction s o f the d a y . .................. ...................................
F rom depositors, n ot in clud ing dividends cred ited .........................
F ro m interest on loans, deposits and investm ents........... '..........




[ 102]

$2 1 4,0 0 9 54
2 ,4 0 4 ,5 1 6 88
91 ,08 3 77

K

in g s

103

C oun ty

From m o r t g a g e s .........................................................................................
F rom redem ption o f stocks and b on d s...............................................
From stocks and bonds sold (to ta l par value, $258,050................
F rom a ll other sources, v iz .:
Liberty Bond payments by subscribers........................ $274,779 00
Liberty Bond partial payment coupon stamps sold—
175,433 00
Cask over ...........................................................................
414 72
------------- —

$10,9 0 0 00
190,333 33
255, ?06 25

450,626 72

$ 3 ,6 1 7 ,1 7 6 49
PAYMENTS
T o depositors, in cluding dividends pa id to th em ........................... $ 1 ,3 4 8 ,4 7 5
F or loans on bonds and m ortga ges......................................................
613,900
250
F o r loans on stocks and bonds and other secu rities....................
F o r stock s and bonds purchased, in clud ing premiums, com m is­
sions, etc. (to ta l par value, $ 5 2 8 ,0 0 0 )...........................................
522,317
2 ,3 1 5
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 .:
For salaries .......................................................................
$5,450 00
For taxes : Surplus...........................................................
347 90
2,100 00
For rent o f banking rooms..............................................
For expenses o f other real estate, v iz .; Taxes...........
576 00
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
4,360 51
12,834
Other paym ents, v iz .:
Liberty Bonds purchased for customers..................... $560,500 00
Liberty Bond eoupon stamps.........................................
183,200 00
Refunded Liberty Bond subscriptions...........................
3,496 50
Furniture and fixtures; cash short..................................
6,007 28
753,2 0 3
Cash on hand and in banks or trust com panies Decem ber 31,
363,878
1018, after transactions o f the d a y ...............................................

81
00
00
08
95

41

78
56

$ 3 ,6 1 7 ,1 7 6 49
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 J anu ary 1, 1919....................................
10,166
N um ber o f accounts opened or reopened du rin g the y e a r ............
5 ,2 90
Num ber o f accounts closed du rin g the y e a r ....................................
2,571
A m ount deposited du rin g the year, n ot in cluding dividends
credited fo r th a t p e r io d ....................................................................... $ 2 ,4 0 4 ,5 1 6 88
A m ount w ithdraw n du rin g the y e a r .................................................... 1 ,3 4 8 ,4 7 5 81
A m ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1918...........................................................................
$27,529 55
January 1, 1919..................................................... .............
36,164 13
6 3,693 68
A verage am ount o f each account Janu ary 1, 1919.........................
248 15
N um ber o f accounts w hich exceeded $3,000, exclusive o f div i­
dends credited, a t the last tria l balance o f depositors’ ledgers,
except deposits a risin g from society accounts, or ju dicia l
sales, or tru st funds, or b y order o f a cou rt o f record or of
4
a surrogate ............................................................................................
$14,135 76
T o ta l amount o f such a cco u n ts...............................................................
R ate per cent, o f dividends to depositors du rin g the six m onths
4
ending June 30, 1 9 1 8 ................... .....................................................
R ate per cent, o f dividends to depositors du rin g the six m onths
ending Decem ber 31, 1 0 1 8 ...................................................................
4
T ota l earnings o f the bank fo r the year 1918, after allow in g
fo r a m ortization o f prem ium s and d iscou n ts.............................
$96,387 66
T o ta l expenses o f th e bank fo r the year 1918..................................
12,841 69
D ividends pa id to depositors fo r the year 1918.............................
63,693 68
N et earnings fo r the yea r 1918 over expenses and dividends
paid to d e p o s it o r s ...................................................................................
19.852 29




104

R

35.

eport

on

S a v in g s B

anks

BREVGORT SAVINGS BANE, BROOKLYN
[622 Nostrand avenue; incorporated 2898]

HOWARD M. SMITH. President.
WALTER C. HUMSTONE, Treasurer..
EDWARD LYONS. Vice-President.
RAYMOND LOUNSBBRY, Secretary.
GRANVILLE W. HARMAN, Vice-President.
TRU STEES
CHAS. M. AIRMAN.
ALFRED T. LEWARD.
JOSEPH M. BACON,
RAYMOND LOUNSBERRY,
JOHN W. BAILEY,
EDWARD LYONS,
GEORGE W. PIPE,
CHARLES COOPER,
HOWARD M. SMITH,
WILLIAM J. GILPIN,
L. BERTRAND SMITH,
WILLIAM H. GOOD,
JOHN D. SULLIVAN,
G. W. HARMAN,
WALTER C. HUMSTONE, THOS. J. WASHBURN,

L. A. WRAY,
PATRICK M. WOODS,
JOHN H. BURROUGHS,
ERNEST H. PILSRURY,
HENRY C. LA ROWE,
JOHN R. STINE,
CLARENCE B. SMITH.
J. L. CHILDS.

F IN A N C IA L
RESOURCES
$ 3 ,1 1 0 ,1 7 5 0O>
B onds and m ortgages .......................
S tock and bond investm ents, v iz .:
Estimated
Original
Stocks and bonds
value
cost
market value
United States ........................
1810,56000
$810,560 00
$800,696 26
State o f New York...................
50,00000
52,875 00
54.000 00
47,150 00
45,00000
State o f Louisiana...................
47,365 87
State o f Maryland......................
26,00800
23,630 90
23.750 00
State o f New Mexico............
17,606 00
18,511 46
18,375 00
State o f Oklahoma...................
85,00006
35,307 26
34,650 00
25.750 00
26,272 75
25,00000
State o f Tennessee...................
24, IK? 60
24.000 00
State o f Utah...............................
26,00000
Cities in other States...........
480, # 8 40
606,663 05
600,02100
626,687 19
Cities in this State..................
Counties in this State........
128,000 00
130,943 90
133,530 00
193,904 50
Towns in this State............
186,400 00
199,871 66
233,536 90
236,486 08
Villages in this State...........
228,32© 00
144,261 79
144,010 00
School districts in this State
139,600 00
305,550 00
367,071 85
Railroad mortgage bonds....
355,000 00
$3,167,699 40

$3,245,822 60

$3,126,111 16
3 ,1 2 6 ,1 1 1 1©

B ank ing house and lot, book valu e, $55,000 ; cost, $55,000;
actual cash valu e .................................................................................
O ther real estate, book valu e, $17,000; cost, $18,257.58; actual
cash value ................................................................................................
Cash or deposit in banks o r tru st c o m p a n ie s ..................................
C a d i on h a n d ..............................................................................................
T ota l o f collectible interest ...................................................................

5 5 .00 0 OO
17.000
406,931
3-1,370
6 7 ,79 7

OO
65*
67
43

$ 6 ,8 1 4 .3S5 91
LIABILITIES
A m ou n t due depositors, v iz .:
Principal .............................................................................. $6,324,586 96
Dividends credited or to be credited for the six
months ending with December 31, 1918.....................
111,889 25
------------------ $ 6 ,4 3 6 ,4 5 8 21
O ther lia b ilities, v iz .: L ib erty Bond d e p o s i t s .............................
4 0 .3 3 8 00s
Su rplu s on m arket v a lu e ....... ..................................................................
337,591 7 0
$ 6 ,8 1 4 ,3 8 5 91
Su rplu s on p a r value, $369,179.94
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 1918
RECEIPTS
Cash on hand and in banks o r tru s t com panies Janu ary 1,
1918, before transactions o f th e d a y .............................................
F rom depositors, n o t in eluding dividends cred ited .......................
F rom interest on loans, deposits and in v e s tm e n ts .........................




$61 4,1 4 4 64r
2 ,6 0 2 ,3 4 9 17"
2 8 8 ,9 7 6 7 1

K
i 'j o m
From
From
From
From
From

in g s

C ounty

rent from banking h ou se............................................................
m ortgages .......................................................................................
redem ption o f stocks and b o n d s ...............................................
stocks a nd bonds sold (to ta l par value, $ 1 ,67 6 ,1 5 0 ).........
loans paid .......................................................................................
real estate s o l d ..............................................................................

105
$ 1 ,80 0
4 6 ,05 0
8 ,2 0 0
1 ,6 7 1 ,1 5 0
1 ,5 00
5 ,5 0 0

00
00
00
00
00
00

$ 5 ,2 3 9 ,6 7 0 52
PAYMENTS
T o depositors, in cluding dividends p a id t o t h e m ......................... $ 2 ,2 1 4 ,1 3 4
F or loans on bonds and m o r t g a g e s ...................................................
349,050
F o r loans on stocks and bonds and oth er secu rities....................
1 ,5 0 0
F or stocks and bonds purchased, in cluding premiums, com m is­
sions, etc. (to ta l p a r value, $ 2 ,08 6 ,9 0 0 )......................................
2 ,1 7 8 ,3 3 8
F o r interest (oth er than dividend paym ents t o depositors) . .
3 ,2 27
JFor current expenses o f the bank, v iz .:
$16,496 17
For salaries .......................................................................
For taxes : Banking house,$1,174.00; surplus, $2,555.78
3,729 78
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
221 98
Insurance ....................................................................
133 83
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
9 65
Insurance ......................................................................
33 00
Taxes ..............................................................................
343 60
For other expenses, not including expenses of other
real estate nor otherexpenses of banking house..
3,384 57
24.351
F o r real estate acquired b y foreclosure, or in settlement o f
debts due the bank ..............................................................................
8.022
O th e r paym ents, v iz .:
Liberty Bond account........................................................
$22,502 00
241 09
Payment check with forged endorsement.....................
2 2 ,74 3
•Cash on hand and in banks o r tru st com panies December 31,
1918, after transactions o f the d a y .................................................
438.352

97
00
00
43
72

38

01

69
32

$ 5 ,2 3 9 ,6 7 0 52
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, 1 9 1 9 ......................................
18,284
N um ber o f accounts opened o r reopened du rin g the v e a r ...........
3 ,5 0 9
N u m ber o f accounts closed du rin g the y e a r ..................................
2 ,8 6 3
A m o u n t deposited du rin g the year, n ot in cluding dividends
credited fo r th a t period ..................................................................... $ 2 ,6 0 2 ,3 4 9 17
A m o u n t w ithdraw n du rin g the yea r ...............................................
2 .2 1 4 ,1 3 4 97
-Am ount o f dividends credited and paid fo r the year, v iz .:
July 1, 1918........................................................................... $108,688 08
January 1, 1919....................................................................
111,869 25
220.557 33
A verage am ount o f each account Ja n u a ry 1, 1919.......................
352 03
R a te per cent, o f dividends to depositors du rin g the six months
4
ending Jun e 30, 1918 ..........................................................................
R ate per eent. o f dividends t o depositors du rin g the s ix months
ending Decem ber 31, 1 9 1 8 .................................................................
4
T o ta l earnings o f th e bank fo r the year 1918, a fter allow in g for
am ortization o f prem ium s and d iscou n ts....................................
1287,158 47
T o ta l expenses o f th e bank fo r th e yea r 1918 .............................
2 4,351 38
D ividends paid t o depositors fo r the vear 1 9 1 8 .............................
220.557 33
'N et earnings fo r th e yea r 1918 ov e r expenses and dividends
paid t o depositors ................................................................................
4 2 ,2 4 9 76




106

R

36.

eport

on

S a v in g s

B

anks

BROOKLYN SAVINGS BANK, BROOKLYN
[141 Plerrepont street; Incorporated 18271

CROWELL HADDEN, President.
DANIEL J. CREEM, Vice-President.
RICHARD L. EDWARDS, Viee-Pres.
CROWELL HADDEN,
RICHARD L. EDWARDS,
EDW. H. LITCHFIELD,
FRANK LYMAN,
DAVID G. LEGGET,
SCOTT Me LANAHAN,
JOHN F. HALSTBD,
FRANK I. BABROTT,
HENRY F. NOYES,

LAUBUS E. SUTTON, Comptroller.
ARTHUR C. HARE, Cashier.
CHAS. C. PUTNAM, Asst. Comptroller.

TRU STEES
SANFORD H. STEELE,
DANIEL J. CREEM,
CLINTON R. JAMES,
B. HERBERT SMITH,
FRANCIS L. NOBLE,
F. A. M. BURRELL,
EDWIN P. MAYNARD,
WILLIAM L. MOFFAT,

HAROLD I. PRATT,
CHARLES J. PEABODY,
MARTIN JOOST,
ALBERT L. MASON,
FRANK D. TUTTLE,
WILLIAM MASON.
CHARLES L. MORSE,
S. EDWIN BUCHANAN,
JAMES H. JOURDAN.

F IN A N C IA L
RESOURCES
B onds and m ortgages .............................................................................. $ 3 3 ,4 0 8 ,5 0 0 00
Stock a nd bond investm ents, v iz .:
Par
Original
Estimated
Stocks and bonds
value
cost
market value
United States ........................ 13,346,450 00 $3,331,450 00
$3,346,45000
state o f California...............
400,000 00
388,481 88
381,00000
200,000 00
196,680 00
198,00000
State o f Maryland................
State o f Massachusetts........
875,000 00
940,081 28
787,50000
State o f Tennessee..................
300,000 00
300,819 87
299,06000
Cities in other states............ 5,443,000 00
6,588; 267 61
5,095,84000
Cities in this state............... 7,482,942 60
7,746,766 08
7,418,45514
counties in this State........
714,000 00
742,106 29
729,58000
Towns in this State...............
68,000 00
68,277 50
66,98000
Railroad mortgage b on d s.... 8,972,000 00
9,236,627 70
7,849,65000
$27,801,392 50 $28,539,557 71 $26,172,605 14
--- t
--------- —
—
-.................. .. 2 6 ,1 7 2 ,5 0 5 14
Banking house and lot, book value, $427,000; cost, $893,047.87;
actu al cash v a l u e ............................. .....................................................
427 ,0 0 0 00
Other real estate, book valu e, $23,000; cost, $23,000; actual
cash value ................................................................................................
2 3 ,00 0 00
Cash on deposit in banks or tru st c o m p a n ie s .................................. 4 ,2 4 8 ,9 2 0 28
Cash on h a n d ..............................................................................................
123,350 49
T ota l o f collectible interest .................................................................
847,328 07
$ 6 5 ,2 5 0 ,6 0 9 98
LIABILITIES
A m oun t due depositors, v iz .:
Principal ..............................................................................$57,815,650 30
Dividends credited or to be credited for the six
montns ending with December 31, 1918........................ 1,101,631 28
------------------ $ 5 8 ,9 1 7 ,2 8 1 58
Other liabilities, v iz .: L ib erty B ond d e p o s i t s ........................... ..
329,0 7 0 29
Surplus on m arket va lu e ...................................................................... 6 ,0 0 4 ,2 5 8 11
$ 6 5 ,2 5 0 ,6 0 9 98
S u rplu s on p a r value, $7,633,145.47
C A SH T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Janu ary 1,
1918, b efore transactions o f th e d a y ...........................................$ 4 ,4 8 1 ,8 8 5 48
F rom depositors, n o t in clu d in g dividends c r e d i t e d .................... 1 1 ,96 3 ,5 5 1 98
F rom interest on loans, deposits and investm ents ....................
2 ,8 6 9 ,4 0 6 90
F rom rents fro m oth er real estate ....................................................
8 ,0 6 5 79
F rom m ortgages .......................................................................................
4 2 0 ,4 8 3 33




K

in g s

C oun ty

107

F rom redem ption o f stocks and bonds ............................................ $ 2 ,8 0 3 ,3 0 7 50
From stocks and bonds sold (to ta l par value, $ 3 ,01 1 ,7 0 0 )------- 2 ,9 6 1 ,4 6 0 00
From real estate s o l d .............................................................................
561,300 00
F rom a ll other sources, v iz .:
Insurance premium advanced, refunded.....................
$12 46
Adjustment insurance premium on property so ld ....
301 25
862,994 79
Liberty Bond payments by subscribers........................
Adjustment Liberty Bond account.................................
1,647 20
-----------------864,955 70
$ 2 6 ,9 3 7 ,4 1 6 68
PAYMENTS
T o depositors, in cluding dividends pa id t o t h e m .........................$ 1 4 ,0 0 3 ,0 3 7
F o r loans on bonds and m o r t g a g e s ............................................... .... 1 ,5 1 3 ,0 0 0
F or stoeks and bonds purchased, in cluding prem ium s, com m is­
sions, etc. (to ta l par value, $6,817,000) ......................................
6 ,7 9 5 ,1 1 1
From interest (oth er than dividend paym ents t o d e p o s ito r s ). .
15,853
F o r cu rrent expenses o f the bank, v iz .:
$94,848 88
For salaries .......................................................................
For ta xes: Banking house, $14,400; surplus,
$54,465.76 ............................................................................
68,885 76
For expenses, except taxes, of banking house:
Repairs .........................................................................
7,215 33
Insurance ......................................................................
702 47
Other ..............................................................................
2,478 90
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
134 87
Insurance ......................................................................
13 00
Taxes ............................................................................
20,125 66
Other ........................................1..................................
8,896 37
For other expenses, not including expenses o f other
real estate nor other expenses of banking house..
24,222 77
227,5 0 4
Other paym ents, v iz .:
$10,374 50
Refunds to Liberty Bond subscribers...........................
Teller’s cash short..............................................................
259 34
10,633
Cash on hand and in banks or tru st com panies December 31,
1918, after transactions o f the d a y .................................................

18
00
23
65

01

S4

$ 2 6 ,9 3 7 ,4 1 6 68
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, 1919 ......................................
72,541
N um ber o f accounts opened o r reopened du rin g th e y e a r ...........
9 ,2 4 2
N um ber o f accounts closed du rin g th e y e a r ..................................
9 ,5 7 9
A m ou n t deposited du rin g the year, n ot including dividends
credited fo r th a t p e r i o d ................................................................. .$ 1 1 ,9 6 3 ,5 5 1 98
A m oun t w ithdraw n du rin g the year ............................................... 14,00 3 ,0 3 7 18
A m ount o f dividends credited and paid fo r the year, viz.:
July 1, 1918........................................................................... $1,107,982 87
January 1, 1919.................................................................... 1,101,631 28
------------------ 2 ,2 0 9 ,6 1 4 15
A verage am ount o f each account January 1, 1919.........................
812 00
R ate per cent, o f dividends t o depositors du rin g the six months
4
ending June 30, 1918 .........................................................................
R a te per cent, o f dividends to depositors du rin g the s ix m onths
ending Decem ber 31, 1918 ...............................................................
4
T ota l earnings o f th e bank fo r th e yea r 1918, after allow ing
fo r am ortization o f prem ium s and d iscou n ts......................... $ 2 ,8 7 0 ,6 7 1 12
T ota l expenses o f the bank fo r the yea r 1918 ..................................
269,836 96
D ividends p a id t o depositors fo r th e year 1918 ......................... 2 ,2 0 9 ,6 1 4 15
N et earnings fo r th e year 1918 over expenses’ and dividends
pa id t o depositors .................................................................................
391.220 01




108

R

37.

epoet

ox

S a v in g s B

anks

THE BUSHWICK SAVINGS BANK, BROOKLYN
£726-730 Grand street; incorporated 1873]

JERE E. BROWN, President.
LOUIS G. BURGER, Secretary.
GEO. W. .SCHAEDLE, Vice-President.
GEORGE J. MERKED, Cashier.
HENRY SCHADE, Vice-President.

TRUSTIES
JERE E. BROWN,
RUFUS L. SCOTT,
DANIEL CANTY,
EDWARD BUSH,
HENRY SCHADE,
JOHN H. SCHEIDT.
WILLIAM G. MILLER,
AUGUSTUS P. AVERY*,

JOHN H. VANDERVEER,
M. L. REYNOLDS,
F. H. NARWOOD,
LOUIS G. BURGER,
GEORGE W. SCHAEDLE,
ANDREW WILSON,
MICHAEL FACKENTHAL,

HERMAN C. HUELLE,
THEOPHILE THONET.
CHRISTIAN D.HOMEYER,
DAVID H. MOORE,
FRANK L. BROWN,
C. H. TIEBOUT, JR.,
SMITH S. WANDEL,
GEORGE K. MERKED.

F IN A N C IA L
RESOURCES
$ 3 ,6 6 6 ,5 2 0 00
Bonds and m o r t g a g e s ....................
Stock and bond Investments, v iz .:
Original
Estimated
Par
Stocks and bonds
market value
cost
value
$491,120 00
$493,000 00
$493,000 00
State o f Alabama................
3,482 50
3,697 40
3,500 00
State o f California.............
72,731 28
72,200 00
75,000 00
State o f Idaho......................
76,000 00
77,260 00
75,000 00
State o f Louisiana.............
49,313 80
61,000 00
60,000 00
State o f Mississippi.............
24,000 00
25,032 00
24,000 00
49,600 00
State o f New Mexico.............
50,596 46
50,000 00
State o f Oklahoma.............
69,732 74
68,500 00
70,000 00
State o f Tennessee.............
75,000 00
78,321 84
77,250 0®
544,649 48
668,656 85
546,375 00
Counties, villages and towns
in adjoining States...........
25,000 00
26,000 00
25,359 77
1,061,706 77
1,048,295 70
1,077,480 69
125,640 00
Counties in this State........
130,248 37
127,499 20
Towns in this State...............
42,600 00
44,296 82
43,239 00
81,153 18
Villages in this State...........
76,674 96
75,546 08
School districts in this State
54,600 00
58,502 45
67,330 00
457,882 00
473,800 00
Railroad mortgage bonds—
422,088 00
$3,311,796 73

$3,362,385 64

$3,258,469 96

P rom issory notes — ................ ................................................................
B anking bouse and lo t, book value, $32,000; cost, $48,215.76;
actu al easb v a l u e ...................................................................................
O ther real estate, book value, $6,314.64; cost, $6,314.64; actual
cash value ................................................................................................
Cash on deposit in banks o r tru st c o m p a n ie s .............................
Cash on hand ...........................................................................................
Total o f collectible interest .................................................................
LIABILITIES

3 ,2 5 8 ,4 6 9 98
31,257 50
3 2 ,0 0 0 00
6 ,3 1 4
545 ,9 3 5
220 ,1 4 0
6 5 ,66 5

64
29
51
90

$ 7 ,8 2 6 ,3 0 3 80
— ............-... .........•

A m ou n t due depositors, v iz .:
Principal ..............................................................................$7,113,150 69
Dividends credited or to be credited for the six
months ending with December 31, 1918.....................
130,828 56
------------------ $ 7 ,2 4 3 ,9 7 9 25
Other lia bilities, v iz .: Reserve fo r ta x e s ........................................
3 ,1 4 0 00
Surplus on m arket v a l u e ........................................................................
5 7 9 ,1 8 4 55

Surplus on par value, $632,511.32

$ 7 ,8 2 6 ,3 0 3 80
::.;.... .............. ,■ v,1
-:

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 1918
RECEIPTS
Cash on h a n d and in banks o r tru st com panies J a n u a ry 1,
1918, before transaction® o f the d a y ...........................................
$ 6 47,824
F rom depositors, n ot in clu d in g dividends c r e d i t e d ........................ 2 ,0 4 3 ,6 6 3
F rom in terest on loans, deposits and investm ents .....................
354,871
From ren ts fro m banking house .......................................................
2 ,3 1 2
F rom ren ts fro m oth er real estate ..................................................
10,785
F rom m ortgages .......................................................................................
9 0 ,4 5 0




16
36
01
00
77
00

K
F rom
From
From
F rom

in g s

109

C ounty

redem ption o f stocks and b o n d s ....................................
stocks and bonds sold (to ta l par value, $ 2 2 ,9 0 0 )..............
loans p a id .......................................................................................
real estate sold ..............................................................................

F rom a ll other sources, v iz .:
Profit, sale o f real estate and bonds..............................
Interest from participated mortgage...........................

§7?8 Cl
90 15
---------- .-------

$687,838
2 2 ,90 0
85,297
7 8,293

51
00
50
63

SoS 16
$ 4 ,0 2 5 ,0 9 4 10

PA YM E N TS

....... —- i =

T o depositors, in cluding dividends paid to th em ........................... $ 1 ,9 3 4 ,9 5 3
234,491
F o r loans on bonds and m o r t g a g e s ...................................................
5 5 ,29 5
F or loans on stocks and bonds and other s e c u r it ie s ....................
F or stocks and bonds purchased, in cluding premiums, com m is­
984,438
sions, etc. (to ta l p a r value, $ 9 8 6 ,0 5 0 )...........................................
2 ,9 7 2
F o r in terest (o th er than dividend paym ents t o depositors) . . .
F o r cu rrent expenses o f the bank, v iz .:
For salaries ........................................................................
$17,633 67
For taxes : Banking house, $1,125.77 ; surphis, $5,141.09
6,266 77
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
411 7!)
Insurance ......................................................................
156 83
Other ..............................................................................
3,520 76
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
2,800 95
Insurance ......................................................................
446 98
Taxes..............................................................................
2,725 79
Other ..............................................................................
4,943 04
For other expenses, not including expenses of other
real estate nor other expenses o f banking house..
7,578 66
46 ,51 7
Other paym ents, v iz .: Loss, sale o f real estate; loss, sale o f
350
bonds .........................................................................................................
Cash on hand and in banks or tru st com panies Decem ber 31,
1918, a fte r tran saction s o f the d a y ...............................................
766,075

72
06
00
86
17

24
25
SO

$ 4 ,0 2 5 ,0 9 4 10
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, 1919....................................
16,530
N um ber o f accounts opened or reopened du rin g the y e a r ...........
2 ,4 8 7
N um ber o f accounts closed during~the y e a r ........... ' ...................
2 ,1 8 3
A m oun t deposited du rin g the year, n ot in cluding dividends
credited fo r th a t period ..................................................................... $ 2 ,0 4 3 ,6 6 3 36
A m ou n t w ithdraw n during th e year ...............................................
1 ,9 3 4 ,9 5 3 72
A m oun t o f dividends credited and paid fo r the year, v iz .:
July 1, 1918........................................................................... $129,153 53
January 1, 1919...................................................I...............
130,828 58
2 5 9 ,9S2 09
A verage am ount o f each account Janu ary 1, 1 9 1 9 .........................
438 23
N um ber o f accounts w hich exceeded $3,000, exclusive o f d iv i­
dends credited, a t th e la st 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 cou rt o f record
o r o f a surrogate ..................................................................................
1
T ota l am ou nt o f such accounts ........................................................
$3 ,12 5 03
R a te per cent, o f dividends to depositors during the six m onths
ending Ju n e 30, 1918 ..........................................................................
4
R a te per cent, o f dividends t o depositors during the six m onths
ending Decem ber 31, 1918 ................................................................
4
T ota l earnings o f th e bank fo r th e year 1918, after allow ing
fo r am ortization o f prem ium s and d iscou n ts.............................
$362,605 42
48 ,00 7 49
T ota l expenses o f the bank fo r the year 1 9 1 8 ..................................
D ividends paid t o depositors fo r the year 1 9 1 8 .............................
259,982 09
N et earnings fo r th e year 1918 over expenses a nd dividends
p a id t o depositors ..............................................................................
54 ,61 5 84




110

R

38.

eport

on

S a v in g s B

anks

THE CITY SAVINGS BANE OF BROOKLYN, BROOKLYN
[Corner Lafayette and Flatbush avenues; incorporated 1886]

REMSEN RUSHMORE, President
STEPHEN VALENTINE, Treasurer.
THEOPHILUS OLENA, Vice-President
HENRY V. RAYMOND, Secretary.
PRED’K H. WEBSTER, Vice-President
FRANCIS O. AFFELD,
PRANK M, SMITH,
DAVID P. BUTCHER,
JACOB G. DETTMER,
THEOPHILUS OLENA,
REMSEN RUSHMORE,
JOHN M. RIDER,

T R U S T IE S
H. V. RAYMOND,
J. B. SUMMERFIELD,
FRED’K H. WEBSTER,
EDWIN H. SAYRE,
RUFUS T. GRIGGS,
JAMES 6 . SHAW,

PRANK C. SWAN,
RALPH E. DAYTON,
BARTHOL. A. GREENE,
CLARENCE T. COREY,
STEPHEN VALENTINE,
LESTER A. LEWIS,
E. W. CONE.

F IN A N C IA L
RESOURCES
$ 2 ,9 9 4 ,9 9 5 00
B onds and m ortgages ....................
S tock and bond investm ents, v iz .:
Estimated
Original
Stocks and 'bonds
value
cost
market value
United States ........................ fl, 038,750 00
$1,030,932 50 $1,038,750 00
State o f California..................
43,000 00
41,970 09
40,870 00
21,050 00
State o f Delaware..................
20,000 00
19,800 00
50,000 00
57,730 79
State o f Louisiana........... .....
51,500 00
State o f Massachusetts........
3,000 00
3,087 00
2,430 00
State o f Tennessee...............
45,000 00
48,045 11
48,150 00
Cities in other States...........
327,000 00
332,085 00
351,446 95
Cities in this State..................
283,437 00
298,957 81
286,869 81
Counties in this State............
49,083 00
50,358 54
49,632 67
113,800 00
Towns in this State...............
122,619 83
117,771 00
Villages in this State...........
123,973 66
126,584 47
124,887 66
School districts in this State
27,000 00
27,804 32
27,285 00
Railroad mortgage bonds....
364,469 60
335,939 94
316,573 39
$2,488,463 26

$2,616,627 35

$2,456,604 53
2 ,4 5 6 ,6 0 4 63

O ther rea l estate, book value, $16,575.64; cost, $16,575.64;
actu a l cash v a l u e ...................................................................................
Cash on deposit in banks o r tru st com pan ies..................................
Cash on hand ..............................................................................................
T o ta l o f collectib le i n t e r e s t ...................................................................
A m oun t o f a ll oth er assets, v iz .:
Furniture and fixtures......................................................
$6,500 00
Insurance premium advanced...........................................
5 50

1 6,575
4 8 8 ,5 3 8
3 1 ,6 1 0
6 4 ,8 9 5

64
16
06
02

6 ,5 0 5 50
LIABILITIES

$ 6 ,0 5 9 ,7 2 3 91
................ ..........

A m ou n t due depositors, v iz .:
Principal ................................................................................$5,598,642 62
Dividends credited or to be credited for the six
months ending with December 31, 1918.....................
98,693 77
------------------ $ 5 ,6 9 7 ,3 3 6 39
O ther lia b ilities, v iz .:
Liberty Bond deposits........................................................
$87,595 53
Reserve for taxes..............................................................
1,200 00
-------------------------------------- 8 8 ,79 5 53
Su rplu s on m arket v a lu e ........................................................................
273,591 99
$ 6 ,0 5 9 ,7 2 3 91
..

S u rplu s on par value, $305,450.72.

C ASH TR A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks or tru st com panies J anu ary 1, 1918,
before transactions o f th e d a y ..........................................................
F rom depositors, n o t ineluding dividends cred ited .........................
F rom interest on loans, deposits and investm ents.......................
F rom rents fro m other real esta te......................................................




$460,574
2 ,3 4 7 ,9 2 0
258,441
1 ,4 53

38
67
01
90

K

in g s

C ounty

From m ortgages
..................................................................................
From redem ption o f stocks and b on d s.................................. : ............
F rom stocks and bonds sold (to ta l par value, $ 7 4 6 ,6 0 0 ).............
F rom real estate s o l d ............................................................................
From a ll other sources, v iz .:
$158 88
Insurance premiums advanced, refunded.....................
Pees for exchanging and safe-keeping of bonds........
203 51
Liberty Bond payments by subscribers........................
531,460 55
------------------

111
$121,500
762.672
730,171
3 0 ,0 0 0

00
41
09
00

5 31,828 94
$ 5 ,2 5 3 ,5 6 3 30

PAYMENTS
T o depositors, including dividends paid to th em ............................. $ 1 ,8 2 7 ,0 0 1
F o r loans on bonds and m ortga ges......................................................
304,100
F o r stock s and bonds purchased, in cluding premiums, com m is­
sions, etc, (to ta l par value, $2,080,794-87)..................................
2 ,0 5 2 ,1 2 3
F o r interest (oth er than dividend paym ents to d e p o s ito r s )-----4 ,9 7 6
F o r current expenses o f the bank, v iz .:
$21,199 30
For salaries .......................................................................
For taxes : Surplus..............................................................
2,128 88
For expenses, except taxes, o f banking house:
Insurance ......................................................................
31 90
Other ..............................................................................
95 00
For rent o f banking rooms..............................................
9,000 00
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
709 56
Insurance .................
9 66
Taxes ..............................................................................
1,047 70
For other expenses, not including expenses of other
real estate nor other expenses of banking house..
4,426 99
-----------------38,648
F o r real estate acquired b y foreclosure, or in settlem ent o f
debts due the b a n k .............................................................................
16,575
O ther paym ents, v iz .:
Insurance premiums advanced........................................
$164 38
6,500 00
Furniture and fixtures....................................................
Liberty Bond account.......................................................
483,325 02
-----------------489,9 8 9
Cash on hand and in banks or tru st com panies Decem ber 31,
1918, after transactions o f the d a y .................................................
520,148

82
00
21
02

99
64

40
22

$ 5 ,2 5 3 ,5 6 3 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 Ja n u a ry 1, 1919......................................
12,766
N um ber o f accounts opened or reopened du rin g the y e a r ...........
3 ,2 78
Num ber o f accounts closed during the y e a r ....................................
2 ,372
A m ount deposited du rin g the year, not in cluding dividends
credited fo r th a t p e rio d ....................................................................... $ 2 ,3 4 7 ,9 2 0 67
A m oun t w ithdraw n durin g the y e a r ...................................................
1 ,8 27 ,0 0 1 82
A m oun t o f dividends credited and paid fo r the year, v iz .:
July 1, 1918........ ..................................................................
$94,186 54
January 1, 1919....................................................................
98,693 77
Credited at other periods..;...........................................
88 37
-----------------192,968 68
Average am ount o f each account J a n u a ry 1, 1919.........................
446 29
R a te per cent, o f dividends to depositors during the six m onths
ending June 3 0 ,1 9 1 8 ..............................................................................
4
R ate per cent, o f dividends to depositors du rin g the six m onths
ending Decem ber 31, 1918...................................................................
4
T o ta l earnings o f the hank fo r the year 1918, after allow ing for
am ortization o f prem ium s and d iscou n ts....................................
$265,397 53
T otal expenses o f the banks fo r the year 1918...............................
38 ,84 8 99
D ividends pa id to depositors fo r the year 1918.............................
192,968 68
N et earnings fo r the year 1918 over expenses and dividends
paid to d e p o s it o r s ...................................................................................
3 3 ,57 9 86




112

R

39.

eport

on

S a v in g s B

anks

THE DIME SAVINGS BANK OP BROOKLYN, BROOKLYN

____ [9 De Kalb avenue; incorporated 1859]
RUSSELL S. WALKEK, President
FRED’K W. JACKSON, Treasurer.
GEORGE W. CHAUNCEY, Vice-Pres.
C. FRANK STREIOHTOFF, Secretary.
GEORGE T. MOON, Vice-president
PH ILIP A. BENSON, Asst. Secretary.
TRU STEES
GEO. W. CHAUNCEY,
FRED’K W. JACKSON,
GEORGE COX,
SAMUEL ROWLAND.
WALTER HAMMITT,
CHARLES E. TEALE,
HORACE C. DU VAL,
F. L. CRANFORD,
GEORGE T. MOON,
LUDWIG NISSEN,
FRANK H. PARSONS,
EUGENE W. SUTTON.
WM. MeCARROLL,
STANLEY P. .TADWIN.
JAMES L. BRUMLBY,
N. TOWNSEND THAYER, EDWIN A. AMES,
WM. J. WASON, JB.
RUSSELL S. WALKER,
FREDERICK W. ROWE,
F IN A N C IA L
RESOURCES
B onds and m ortga ges.................................................................................$ 3 3 ,8 8 7 ,8 3 8 DO
Stock a nd bond Investments, v iz .:
Par
Original
Estimated
Stocks and bonds
value
cost
market value
$7,358,239 16
$7,358,23916
United States .......................... |7,358,239 16
1,334,550 00
1,082,50000
State o f Massachusetts........ 1,250,000 00
State o f Mississippi...............
100,000 00
101,602 62
166,00000
Cities in other States............ 1,276,000 00
1,325,993 77
1,221,56000
Cities in this State............... 1,568,800 00
1,661,431 63
1,528,16600
Counties in this State........
435,100 00
465,311 45
437,00800
Towns in this State..............
397,000 00
406,263 42
397,90500
Villages in this State............
98,000 00
102,802 37
96,32500
Railroad mortgage bonds— 10,109,968 00 10,445,891 08 9,308,612 48
$22,593,107 16 $23,201,085 50 $21,536,315 64
-...........
2 1 ,8 3 6 ,3 1 5 6 #
P rom issory notes .......................................................................................
6 ,1 7 8 00
B ank ing bouse and lo t, b ook value, $558,000; cost, $863,319.04;
actu al cask v a l u e ...................................................................................
5 5 8 ,0 0 0 0 0
O ther real estate, book value, $350,230; cost, $426,066.26;
actu al cash v a l u e ............. .....................................................................
3 5 0 ,2 3 0 OO
Cash on deposit in banks or tru st com pan ies.................................... 3 ,5 9 1 ,1 0 3 74
Cash on h a n d ................................................................................................
214,141 80*
T ota l o f collectible in terest.................................................................
652,4 0 3 5 9
A m ou n t o f a ll other assets, v iz .:
Rent accrued .....................................................................
$450 00
Interest due on registered bonds sold...........................
6,680 00
---------------------------------------7 ,1 3 0 00
$ 6 0 ,8 0 3 ,3 4 0 77
LIABILITIES
A m oun t due depositors, v iz .:
Principal .............................................................................. $54,738,011 39
Dividends credited or to be credited for the six
998,95484
months endingwith December 31, 1918...........................
O ther liabilities, v iz .:
$ 5 5 ,7 3 6 ,9 6 6 2 3
Liberty Bond deposits..............................................................
$130,20070
Deposits to secure tax arrears, interest, and insur­
ance ...................................................................................
20,118 62
150,319 22r
Su rplu s on m arket v a lu e ........................................................................ 4 ,9 1 6 ,0 5 5 3 2
$ 8 0 ,8 0 3 ,3 4 0 77
Surplus on par value, $5,972,846.84.
■
—— ..: :.:::=r; ...
.
.
C ASH TR A N SA C T IO N S D U R IN G T U B Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Ja n u a ry 1,
1918, before tran saction s o f th e d a y ........................................... $ 3 ,8 5 3 ,6 0 4 11
F rom depositors, n o t in clud ing dividends cred ited .................. 1 7 ,9 4 5 ,9 8 8 5 5
F rom interest on loan®, deposits and investm ents....................... 2 ,7 9 6 ,0 5 2 6 5
F ro m rents fro m banking h o u se ..........................................................
3 ,4 9 6 8 5
F rom rents fro m other real e sta te........................................................
6 ,3 0 7 7 0
F ro m m o r t g a g e s .........................................................................................
2 ,6 5 4 ,9 7 2 00
F r o m redem ption o f stocks and b on d s...............................................
2 ,2 3 4 ,9 0 4 71
F rom stocks and bonds sold (to ta l p a r value, $7,665,(KM))-----7 ,7 1 7 ,6 3 1 6 5
F r o m loans p a i d ...............................
1 ,0 25 0 0
F ro m bankers’ acceptances and b ills o f exch ange...........................
198,617 44
F rom real estate sold ..............................................................................
543,2 6 6 OO




K

all

in g s

113

C ounty

From
other sources, v iz .:
Liberty Bond payments by subscribers........................
Suspense, deposits account bond and mortgage
interest, taxes, etc...........................................................
Profit, purchase o f bond and mortgage........................
Exchange items ; refunds.................................................

$921,089 09
166,875 38
1,500 09
445 50
-------------- - $ 1 ,0 8 9 ,8 0 9 88
$ 3 9 ,0 4 5 ,7 7 6 64

PAYMENTS
T o depositors, in cluding dividends pa id to th em ......................... $ 1 5 ,5 5 2 ,MO 08
F o r loans on bonds and m ortga ges......................................................
3 ,9 5 6 ,1 0 0 00
F or loans on stocks and bonds and other secu rities.......................
7 ,203 00
F or bankers’ acceptances and bills o f exchange.............................
198,617 44
F o r stock s and bonds purchased, in cluding prem ium s, com m is­
sions, etc. ( tota l par value, $13,384,608.87)............................... 13,346,227 18
81,402 83
F o r interest (oth er than dividend paym ents to depositors)
F or current expenses of the banks, v iz .:
For salaries .......................................................................
$90,290 00
For taxes: Banking house, $13,940.30; surplus,
$43,094.37 ...........................................................................
57,934 67
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
5,030 61
560 89
Insurance ....................................................................
For expenses o f other real estate, v iz .:
Repairs .............................................................. ............
8,628 10
Insurance ......................................................................
298 39
Taxes ..............................................................................
14,045 53
For other expenses, not including expenses of other
real estate nor other expenses of banking house..
70,344 18
253,192 47
F or real estate acquired by foreclosure, or in settlem ent of
debts due the b a n k ................................................................................
379,467 99
Other paym ents, v iz .:
Liberty Bond account, bonds delivered and refunds.. $1,158,074 00
Suspense, payments account bond and mortgage
interest, taxes, etc.........................................................
172,616 30
135,105 80
Account o f addition to bank building.........................
Tellers’ cash s h o rt; sundries.........................................
164 01
------------------ 1 ,4 6 5 ,9 6 0 11
Cash on hand and in banks or tru st com panies December 31,
1918, after tran saction s o f the d a y .................................................
3 ,8 0 5 ,2 4 5 54
$ 3 9 ,0 4 5 ,7 7 6 64
■ ___ :
S T A T IS T IC A L IN F O R M A T IO N
= .r...—
N um ber o f open accounts January 1, 1919........................................
112,704
N um ber o f accounts opened or reopened du rin g the y e a r ...........
2 1,533
Number o f accounts closed during the y e a r ....................................
18,298
A m ou n t deposited during the year, not in cluding dividends
credited fo r th a t p e rio d ....................................................................... $ 1 7 ,9 4 5 ,9 8 8 55
A m oun t w ithdraw n durin g the y e a r ................................................... 1 5 ,5 5 2 ,3 6 0 08
A m oun t o f dividends credited and paid fo r the year, v iz .:
July 1, 1918........................................................................... $970,873 10
January 1, 1919....................................................................
998,954 84
------------------■ 1 ,9 6 0 ,8 2 7 04
Average am ount o f each account Janu ary 1, 1919.......................
494 54
N um ber o f accounts w hich exceeded $3,000, exclusive o f d iv i­
dends credited, a t the la st tr ia l balance o f depositors’
ledgers, except deposits arisin 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 su rroga te.....................................................................................
1
T o ta l am ount o f such a ccou n ts............................................................
$3,381 04
R ate per cent, o f dividends to depositors during the six m onths
ending June 30, 1918......... ..................................................................
4
R a te per cent, o f dividends to depositors du rin g the six m onths
ending Decem ber 31, 1018...................................................................
4
T ota l earnings o f the bank fo r the year 1918, after allow ing
fo r am ortization o f prem ium s and d iscou n ts............................. $ 2 ,7 1 2 ,9 8 6 30
T ota l expenses o f the hank fo r the year 1918..................................
2 53,102 47
D ividends pa id to depositors fo r the year 1918...............................
1 ,9 6 9 ,8 2 7 04
N e t earnings fo r th e yea r 1918 over expenses a n d dividends
paid to d ep ositors...................................................................................
489,965 89




114
40.

R

eport

of

S a v in g s B

anks

THE DIME SAVINGS BANK OP WIIXIAMSBURGH, BROOKLYN
[209 Havemeyer street; Incorporated 1864]

WILLIAM P. STURGIS. President.
C. M. LOWES, Treasurer,
e . F. MOLLENHAUER, Viee-Pres.
CHARLES R. < r a i G, Asst. Treasurer.
3
H. R. FERGUSON, Vice-President.

TRUSTEES
WILLIAM P. STURGIS,
AUGUSTUS WENZEL,
S . F. MOLLENHAUER,
OTTO F. STRUSE,
ALEX. D. SEYMOUB,

WARREN F. GOODWIN,
JOHN HOERLE,
ALVAH MILLER,
H. R. FERGUSON,
C. C. MOLLENHAUER,

CORBETT MCCARTHY,
JOHN J. COONEY,
WM. H. VOGEL,
RUSSELL J. PERRINE,
D. CLINTON JOHNSON.

F IN A N C IA L
RESOURCES
B onds and m o r t g a g e s ..............................
$ 7 ,8 8 8 ,7 5 0 00
Stock a nd bond investm ents, v iz .:
Estimated
Original
Par
Stocks and bonds
value
cost
market value
$400,000 00
United States ........................
$400,000 00
$400,000 00
Cities in other States............ 1,054,000 00
1,007,005 00
1,078,950 65
Cities in this State............... 2,123,850 00
2,220,710 47
2,088,598 00
Counties in this State...........
225,000 00
238,122 28
225,100 00
Towns in this State............
89,875 00
92,734 35
90,860 00
Villages in this State............
50,000 00
49,450 00
64,792 65
School districts in this State
25,000 00
25,248 25
26,000 00
Railroad mortgage bonds....
60,000 00
£2,344 00
67,800 00
$4,027,725 00

$4,190,902 55

$3,954,813 00

P rom issory n o t e s .......................................................................................
B ank ing Rouse and lo t, b ook value, $100,000] cost, $142,786.54;
a ctu a l cash v a l u e ...................................................................................
Other real estate, book value, $6,942.62; cost, $6,942.62; actual
cash value ................................................................................................
C ash on deposit in banks o r tru st com panies..................................
Cash on hand ..............................................................................................
T o ta l o f collectible interest .......... .........................................................
A m ou n t o f a ll other assets, v iz .:
Liberty Bond payments for subscribers..................... $375,940 05
Advanced fo r taxes.............................................................
222 55

3 ,9 5 4 ,8 1 3 00
5 ,0 4 1 86
1 0 0 ,0 0 0 00
6 ,9 4 2
5 7 5 ,5 0 9
46 ,07 9
89 ,07 8

62
68
28
34

376,162 60
LIABILITIES

$ 1 3 ,0 4 2 ,3 7 7 38
==========

Su rplu s on par value, $802,561.62.

II 3 I 323

A m o u n t due depositors, v iz .:
P rin cip a l.............................................................................. $11,956,942 55
Dividends credited or to be credited for the six
months ending with December 31, 1918.....................
225,100 67
------------------ $ 1 2 ,1 8 2 ,0 4 3
-Otherlia b ilities, v iz .: L ib erty 'Bond
d ep osits................................
130,684
7 2 9 ,6 4 9
Surplus on m arket v a lu e .............................................................................

$13,0 4 2 377
===========




ggg&§

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 1918
RECEIPTS
C ash on hand and in banks o r tru st com panies J a n u a ry 1,
1918, b efore transactions o f the d a y ...............................................
$735,286
From depositors, n ot in clud ing dividends cred ited ..................... 3 ,0 4 0 ,9 3 3
From interest on loans, deposits an d investm ents.........................
5 8 8 ,1 2 0
F rom ren ts from other real e s t a t e ......................................................
600
F rom m ortgages .........................................................................................
117,650
•From redem ption o f stocks and b on d s...............................................
4 3 8 ,3 6 2
F rom stocks and bonds sold (to ta l pa r value, $ 1 5 0 ,0 0 0 )............
150,000
F rom bankers’ acceptances and b ills o f exch ange...........................
107,257
F r o m real estate s o l d ...............................................................................
23, W 0

50
00
61
69

K

in g s

115

C oun ty

F ro m a ll oth er sources, v iz .:
Liberty Bond payments by subscribers........................
Received from sale Liberty Bond coupon books,
coupons and stamps ....................................................
Interest received in adjustment Liberty Bond sales..
Received on contract sale of real property..................
Tellers’ cash o v e r; excess payment sale real
property ...........................................................................

$525,354 55
66,249 00
3,637 86
2,000 00
203 10
------------------

PAYMENTS

$597,444 51

$ 5 ,7 9 8 ,7 4 6 23
— : = —— = z =

T o depositors, in cluding dividends p a id to th em ........................... $ 3 ,2 6 5 ,7 2 4 36
F or loans on bonds and m o r t a g e s ........................................................
3 7 ,5 0 0 00
6 ,0 41 86
F o r loans on stocks and bonds and oth er s e c u r it ie s ....................
F o r bankers’ acceptances and b ills o f e x c h a n g e .............................
107,257 61
F or stocks and bonds purchased, in clud ing prem ium s, com m is­
sions, etc. (to ta l p a r value, $800,000) .........................................
800,000 00
F o r interest (oth er than dividend paym ents t o d e p o s ito r s )____
1,787 21
F o r cu rrent expenses o f the bank, v iz .:
For sa la ries........................................................................
$32,165 32
For ta x es:
Banking house, $3,011.25; surplus,
$6,602.13 .............................................................................
9,613 38
For expenses, except taxes, o f banking house:
R ep a irs................................................................
1,895
37
Insurance .....................................................................
IK 24
Other .............................................................................
3,12119
For expenses o f other real estate, v iz .:
R ep a irs................................................................
135
89
T a x e s ....................................................................
194
96
For other expenses, not including expenses o f other
real estate nor other expenses of banking house..
12,496 04
-------------------------------------- 59 ,77 7 39
O th er paym ents, v iz .:
Liberty Bond account.......................................... $816,300 00
Refunds to Liberty Bond purchasers; adjustment
interest Liberty Bond account........................
10,747
54
Liberty Bond coupon-books, coupons and stamps
purchased ........................................................................
66,249 00
Payment on real estate con tract; tellers’ cash
sh o rt; refund exeess paymentsale real property..
5,772 30
-----------------899,068 84
C ash on hand and in banks o r tru st com panies December 31,
1918, after transactions o f th e d a y ...............................................
621,588 98
S T A T IS T IC A L IN FO R M A TIO N

$ 5 ,7 9 8 ,7 4 6 23
= = = = = =

N um ber o f open accounts Janu ary 1,1 9 1 9 ......................................
16,554
N um ber o f accounts opened o r reopened durin g the y e a r .........
2 ,6 5 2
N um ber o f accounts closed durin g the y e a r ....................................
2 ,3 6 0
A m oun t deposited du rin g the year, n ot in cluding dividends
credited fo r th a t period ..................................................................... $ 3 ,0 4 0 ,9 3 3 40
A m ou n t w ithdraw n du rin g th e yea r ...............................................
3 ,2 6 5 ,7 2 4 36
A m ou n t o f dividends credited and paid fo r the year, v iz .:
July 1, 1918........................................................................... $226,167 29
January 1, 1919...................................................................
225,100 67
-----------------451,2 5 7 96
A vera ge am ount o f each account J anu ary 1, 1919.........................
735 89
R a te per cent, o f dividends t o depositors du rin g the six months
ending June 30, 1918 ..........................................................................
4
B a te per cent, o f dividends to depositors du rin g the six m onths
ending Decem ber 31, 1918 .................................................................
4
T o ta l earnings o f th e bank fo r the year 1918, after a llow in g for
a m ortization o f premiums and d is c o u n t s ..................................
$577,143 37
T o ta l expenses o f th e bank fo r the year 1918 ...............................
6 0,206 07
D ividends paid t o depositors fo r the year 1918 .............................
451,2 5 7 96
N et earnings fo r th e year 1918 over expenses and. dividends
paid t o depositors ..............................................................................
6 5 ,6 7 9 34




116

R
41.

epoet

gn

S a v in g s B

anks

E A S T BRO O K LY N SA V IN G S B A N K , BRO O K LYN
[643 Myrtle avenue; Incorporated 1880]

EUGENE F. BARNES, President.
DAVID MOREHOUSE, Treasurer.
JOHN H. IRELAND, Vice-President
JAMES S. DAVIS, Vice-President.
WM, A. GRAHAM, Vice-President.

EUGENE F. BARNES.
JOHN H. IRELAND,
JAMES S. DAVIS,
EDWARD F. GEER.
HENRY VON GLAHN,
JOHN T. BARRY,

TRU STEES
ROBERT L. WENSLEY,
E. J. PHILLIPS,
FRED’K E. GUNNISON,
REMSEN A. BOERUM,
CLINTON P. CASE,

HARRY A. MOODY,
WILLIAM A. GRAHAM*
ALFRED S. HUGHES,
GEORGE NICHOLSON,
DAVID MOREHOUSE,
LUTHER M. WERNER.

F IN A N C IA L
RESOURCES
B onds and m o r t g a g e s .......................
$ 5 ,2 1 1 ,3 7 5 0 0
Stock and bond investm ents, v iz .:
Par
Original
Estimated
Stocks and bonds
value
cost
market value
United States ..........................$1,029,060 O $1,021,829 20 $1,029,050 00
0
1,109,572 33
1,022,230 00
Cities in other States........ 1,046,000 00
Cities in this State............... 1,297,089 66
1,308,76013
1,267,270 99
133,232 47
132,000 00
Counties in this State..........
132,000 00
17,137 60
14,850 00
Villages in this State...........
15,000 00
1,127,374 25
934,000 00
Railroad mortgage bonds— 1,115,000 00
$4,633,139 66 $4,717,896 ® $4,399,400 99
r
.....................
..... - ..........B ank ing house and lo t, book value, $20,000; cost, $48,741.60;
actu al cash value .................................................................................
C ash o n deposit in banks or tru st com panies..................................
Cash on hand ............................................................................................
T o ta l o f collectible interest .................................................................

4 ,3 9 9 ,4 0 0 99
2 0 ,0 0 0
719,8 0 4
4 9 ,3 9 3
89,/132

00
75
24
55

$ 1 0 ,4 8 9 ,108 5 4
LIABILITIES
A m ou n t due depositors, v iz .:
Principal ............................................................................ $9,5®, 128 84
Dividends credited or to be credited for the six
months ending with December 31, 1918.....................
175,709 65
------------------ $ 9 ,7 6 1 ,8 3 8 4 9
O ther liabilities, v iz .: L ib erty B ond d e p o s i t s .............................
71 ,21 5 09
Su rplu s on m arket valu e ......................................................................
656,0 5 3 05
$ 1 0 ,4 8 9 ,1 0 6 54
Su rplu s on pa r value, $889,791.72.

C A SH T R A N S A C T IO N S D U B IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Janu ary 1,
1918, before tran saction s o f the day ...........................................
F rom depositors, n o t in cluding dividends credited ....................
F rom in terest on loans, deposits and in v e s tm e n ts .........................
F rom rents from banking house ........................................................
F rom m ortgages .......................................................................................
F ro m redem ption o f stocks and b on d s...........................................
F rom stock s a n d bonds sold (to ta l pa r value, $ 4 6 3 ,4 5 0 ) ....
F ro m rea l estate s o ld ..............................................................................




$ 9 2 2,3 4 6
2 ,8 5 2 ,8 9 8
4 5 2 ,3 5 9
448
9 4 ,8 5 0
5 1 9 ,3 2 0
4 6 3 ,4 5 0
2 8 ,8 6 0

OS
37
72
00
00
19
09
02

K

in g s

117

C oun ty

F rom a ll oth er sources, v iz .:
Liberty Bond installment payments by subscribers..
U. S. War Savings Stamps sold.....................................
Deficiency judgment in foreclosure action..................
Insurance premiums advanced, refunded; appraisal
and tax search fees ; profit sale o f bonds ; sundries

$130,000 O
0
413 < »
X
900 00
90S 61
------------------

$182,218 61
$ 5 ,5 1 6 ,7 5 0 99

PAYMENTS
T o depositors, in cluding dividends pa id t o t h a n ......................... $ 2 ,4 6 2 ,1 8 1
F or loans on bonds and m ortga ges...................................................
2 4 0 ,7 5 0
F or stocks and bonds purchased, in cluding prem ium s, com m is­
sions, etc. (to ta l pa r value, $ 1 ,88 0 ,0 5 0 )....................................
1 ,8 4 6 ,4 5 7
F or interest (oth er than dividend paym ents t o depositors) . .
5 ,0 4 3
F o r cu rrent expenses o f the bank, v iz .:
For salaries .......................................................................
$27,693 12
For taxes : Banking house, $5O2.20; surplus, $6,183.80
6,686 00
For expenses, except taxes, o f banking house:
589 38
R ep a irs..........................................................................
Other .............................................................................
2,302 69
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
34 m
62 50
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
7,S77 66
45 ,24 5
F o r rea l estate acquired b y foreclosure, or in settlem ent of
24 ,69 7
debts due the b a n k ..............................................................................
O th er paym ents, v iz .:
0
Liberty Bond coupon books purchased........................ $12,685 ©
Liberty Bonds delivered to customers and refunds
o f installments ..............................................................
96,100 09
Loss account o f bank burglars in “ hold up ” of
December 13, 1918..............................................................
11,127 69
D. S. War Savings Stamps purchased; insurance
premiums a dvan ced........................................................
264 55
123,177
C ash on hand and in banks or tru st com panies December 31,
769.197
1918, after transactions o f the d a y ...............................................

63
00
98
54

35
26

24
90

$ 5 ,5 1 6 ,7 5 0 90
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accounts Janu ary 1, 1919......................................
17,875
Num ber o f accounts opened or reopened durin g the y e a r .........
3 .1 17
N um ber o f accounts closed du rin g tb e y e a r ....................................
3 ,2 0 5
A m ou n t deposited du rin g the year, n ot including dividends
credited fo r th a t p e rio d ..................................................................... $ 2 ,8 5 2 ,8 9 8 37
A m oun t w ithdraw n du rin g the y e a r .................................................
2 ,4 8 2 ,1 8 1 63
A m ou n t o f dividends credited and p a id fo r th e year, viz.:
July 1, 1918........................................................................... $170,509 52
January 1, 1919...................................................................
175,709 65
346.2 1 9 17
A vera ge am ount o f each account Janu ary 1, 1919......................
546 11
R a te per cent, o f dividends to depositors during the six months
ending June 30, 1918..........................................................................
4
R a te per cent, o f dividends to depositors during the six m onths
ending December 31, 1918.................................................................
4
T o ta l earnings o f the bank fo r the year 1918, after a llow in g
fo r am ortization o f premiums and discou n ts.........................
$455,593 71
T o ta l expenses o f the bank for th e year 1918........... „ .................
45 ,61 5 67
D ividends pa id t o depositors fo r tb e year 1918.............................
346.219 17
N e t earnings for th e year 1918 over expenses a nd dividends
paid t o depositors ..............................................................................
63 .75 8 87




118

42.

R

eport

on

S a v in g s

B

anks

EASTERN DISTRICT SAVINGS BANK OF THE CITY OF BROOKLYN,
BROOKLYN
[1024-1026 Gates avenue; incorporated 1895]

JOHN W. FRASER, President.
PARKER SLOANE, Vice-President.
HOMER L. BARTLETT, Vice-President

CHAS. LOUIS SICARD, Secretary.
A. MANNING SHEVILLE, Cashier.

TRUSTIES
PARKER SLOANE,
CHARLES L. SICARD,
JOHN W. FRASER,
GEO. W . PAYNTAR,

C. A. VAN IDERSTINE,
HOMER L. BARTLETT,
C. JEROME EDWARDS,
JAMES A. STEWART,
HENRY L. GAUS.

CHARLES JACOB,
JOHN W. MOORE,
JOHN BOSSERT,
GEO. H. ILER,

F IN A N C IA L
RESOURCES
B onds and m ortga ges........................... ' ................................................ $ 5 ,5 4 4 ,3 6 8 0 0
S tock and bond investm ents, v iz .:
Par
Original
Estimated
Stocks and bonds
value
cost
market value
United States ..........................$1,101,500 00 $1,101,500 00
$1,101,50000
State o f Alabama..................
16,000 00
15,833 IS
15,92000
state o f California...............
50,000 00
48,611 55
48,50000
State o f Maine........................
50,000 00
48,372 43
60,00000
State o f Missouri...................
50,000 00
48,121 68
49,00000
state o f New Mexico...........
50,000 00
50,963 75
52,50000
6,000 00
5,080 74
5,07600
State o f North Carolina........
Cities in other States............ 1,668,500 00
1,746,794 50
1,696,55000
Counties, villages and towns
in adjoining States.............
60,000 00
50,087 29
60,50000
738,739 38
757,549 72
737,14440
Cities in this State...............
Counties in this State..........
50,000 00
52,305 55
51,40000
Towns in this State...............
24,000 00
24,302 28
24,62000
Villages in this State............
16,000 00
16,000 00
16,00000
Railroad mortgage bonds— 1,079,000 00
1,089,525 14
958,03000
$4,948,739 38 $5,054,997 82 $4,856,739 40
1
..................... .........■
............ ......................
P rom issory n otes .......................................................................... ..
Other re a l estate, b ook value, $62,815.24; cost, $65,090.24;
actu a l eash v a l u e .......................................................... ........................
Cash o n dep osit in banks o r tru st com pan ies.............................
Cash on h an d ............................................................................................
T o ta l o f collectib le in terest.................................................................
A m ou n t o f a ll oth er assets, v iz .:
Liberty Bond payments for subscribers.......................
$93,488 15
Insurance premium advanced........................................
6 50
------------------

4 ,8 5 6 ,7 3 9 4 0
3 1 ,9 4 4 0 0
6 2 ,8 1 5
9 5 3 ,7 5 3
9 ,8 9 9
106,2 4 0

24
21
66
88

9 3 ,49 4 65.
$ 1 1 ,6 5 9 ,2 5 4 98,

LIABILITIES
A m oun t due depositors, v iz .:
P rin cip a l..............................................................................$10,983,172 72
Dividends credited or to be credited for the six
months ending with December 31,1918........................
195,101 06
------------------ $ 1 1 ,1 7 8 ,2 7 3 7 8
Su rplu s on m arket v a lu e .....................................................................
480,981 18
$ 1 1 ,6 5 9 ,2 5 4 9 8
Su rplu s ou p a r value, $572,981.16.
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 1918
RECEIPTS
C a d i on hand and in banks o r tr u s t com panies Janu ary 1,
1918, before tran saction s o f th e d a y ...........................................
$ 8 65,434 0 8
F rom depositors, n o t in clud ing dividends cred ited ..................... 4 ,1 9 6 ,7 9 1 20
F rom in terest on loans, deposits and investm ents......... 1 . . . .
5 0 5 ,8 0 5 1 8




K

in g s

C ounty

From rents fro m other real esta te........................................................
F rom m o r t g a g e s ........................................................................................
F rom redem ption o f stocks and b o n d s ...............................................
F rom stock s and bonds sold (tota l par value, $ 4 1 9 ,1 6 7 .7 8 )...
F rom loans p a id .....................................................................................
From real estate sold ............................................................................
F rom all other sources, v iz .:
Liberty Bond receipts from subscribers..................... $376,209 58
Insurance premiums and taxes advanced, refunded..
289 75
Received on real estate contract.....................................
1,100 00
____________

m
$ 3,951
189,047
1 ,3 3 2 ,7 9 0
420,089
32,521
10,450

71
00
00
39
20
00

377,599 3$
$ 7 ,9 3 4 ,4 7 8 96

PAYMENTS
T o depositors, including dividends paid t o th em ......................... $ 3 ,40 0 ,7 9 5 27
F or loans on bonds and m ortgages....................................................
104,400 00
F or loans on stocks and bonds and other securities.....................
64,465 20
F or stocks and bonds purchased, including premiums, com m is­
sions, etc. (to ta l p ar value, $2,984,249.38).................................. 2 ,9 8 4 ,7 6 8 09
F or interest (oth er than dividend paym ents t o d e p o s ito r s ). .
10,761 07
F or current expenses o f the bank, v iz .:
For salaries ........................................................................
$25,785 64
For taxes : Surplus...........................................................
3,906 24
For rent o f banking rooms..............................................
3,947 77
For expenses o f other real estate, v iz .:
Repairs .........................................................................
1,805 04
Insurance......................................................................
517 61
Taxes .............................................................................
1,532 24
' O th e r..............................................................................
266 31
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
7,387 20
---------------------------------------45 ,14 8 05
Other paym ents, v iz .:
Insurance premiums and taxes advanced..................
$263 59
Liberty Bond account........................................................
360,136 82
Tellers’ cash short; adjustment error in computing
in terest..............................................................................
88 00
-----------------360,488 41
Cash on hand and in banks or tru st com panies December 31,
1918, a fter transactions o f the d a y ...............................................
963,652 87
$ 7 ,9 3 4 ,4 7 8 96
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accounts J a n u a ry 1, 1919 ..................................
2 9 ,3 3 3
Num ber o f accounts opened o r reopened durin g the y e a r ____
5 ,7 7 4
Number o f accounts closed du rin g the y e a r ..................................
3 ,7 5 3
A m oun t deposited du rin g the year, n ot in cluding dividends
credited fo r th a t p eriod ..................................................................... $ 4 ,1 9 6 ,7 9 1 2 0
A m ount w ithdraw n du rin g the y e a r .................................................
3 ,4 0 0 ,7 9 5 27
A m ount o f dividends credited and p a id fo r the year, v iz .:
July 1, 1918........................................................................... $186,411 75
January 1, 1919...................................................................
195,101 <6
3
-----------------381,512 81
A verage am ount o f each account Janu ary 1, 1919.......................
381 08
R a te per cent, o f dividends to depositors durin g the six m onths
ending J u n e 30, 1918..........................................................................
4
R ate per cent, o f dividends to depositors during the six months
ending Decem ber 31* 1918...................................................................
4
T ota l earnings o f the bank fo r th e yea r 1918, a fter a llow in g
fo r am ortization o f prem ium s and d iscou n ts........... .................
$510,181 79
T ota l expenses o f th e bank fo r the year 1918..........................
45 ,14 8 05
D ividends paid t o depositors fo r the year 1918.............................
381,512 81
N et earnings fo r th e year 1918 over expenses a nd dividends
paid to depositors .................................................................................
8 3 ,5 2 0 93




120

R

43.

eport

on

S a v in g s B

anks

EAST NEW YORK SAYINGS BANK, BROOKLYN
[2644 Atlantic avenue; incorporated 1868]

FREDERICK MIDDENDORF, President.
ADOLPH KIENDL, Vice-President.
CLARENCE F. COLTER, Vice-Pres.
FRED’ K MIDDENDORF,
RUDOLPH REIMBR,
FRANK C. LANG,
FREDERICK D. HART,
CLARENCE F. COLYER,

JOHN M. LINZ, Treasurer.
EDWARD A. RICHARDS, Secretary.
FRED M. LINZ, Asst. Treasurer.

T R U S T IE S
JOHN M. LINZ,
ADOLPH KIENDL,
A. H. ACKERMAN.
CHARLES J. BENISCH,
EDWARD A. RICHARDS,

G. F. MIDDENDORF, Ja.,
JOHN MEYN, Sa.,
N. WILLARD CURTIS,
JAS. K. ALEXANDER,
ANDREW BRISLIN.

F IN A N C IA L
RESOURCES
B onds and m ortgages ............................................................................... $ 2 ,8 4 0 ,2 5 0 GO
S to ck an d bon d investm ents, v iz .:
Par
Original
Estimated
Stocks and bonds
value
cost
market value
United States ........................ $564,666 00
$561,740 00
$564,65000
State o f California...............
58,000 00
61,675 00
51,41000
Cities in other States............
240,000 00
251,277 31
243,26000
702,000 00
713,847 35
691,75006
Cities in tilts State...................
Towns in this state...............
30,000 00
33,900 00
31,8800©
Villages in tnis State............
15,000 00
18,060 00
15,20006
Railroad mortgage bonds—
445,000 00
601,8% 82
393,85000
$2,049,660 00 $2,132,2% 48 $1,991,990 00
— --------- ----- ..................
—
—
B anking house and lot, book value, $25,000; cost, $35,399.70;
actu al cash v a lu e ...................................................................................
■Other real estate, book value, $7,674.17; cost, $7,674.17;
actu al oash value .................................................................................
Cash on dep osit in banks and tru s t com panies.............................
Cash on hand ............................................................................................
T o ta l o f collectible in terest.....................................................................

1 ,9 9 1 ,9 9 0 00
2 5 ,0 0 0 00
7 ,0 0 0
4 5 2 ,1 4 6
2 9 ,0 6 5
6 6,681

00
28
2041

$ 5 ,4 1 2 ,1 3 2 89
LIABILITIES
A m ou n t due depositors, v iz .:
Principal ............................................................................. $4,843,246 64
Dividends credited or to be credited for the six
months ending with December 31, 1918.....................
86,614 38
------------------ $ 4 ,9 2 9 ,8 6 1 02
O ther lia b ilities, v iz .: Expenses incurred, but unpaid, R epairs
744 0 0
Surplus on m arket v a lu e ..........................................................................
481,5 2 7 87
$ 5 ,4 1 2 ,1 3 2 89
S u rp lu s on p a r value, $539,187.87.
C A S H T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
C ash on band and in banks o r tr u s t com panies J a n u a ry 1,
1918, before tran saction s o f th e d a y ......................................I . . .
$401,794
F rom depositors, n o t in clud ing dividends cred ited ......................
1 ,6 3 4 ,2 4 7
F r o m in terest on loans, deposits and investm ents.......................
2 4 2 ,2 6 3
F rom rente fro m banking h ou se...... ...................................................
300
4 9 ,5 0 0
F r o m m ortgages .....................................
F rom redem ption o f stocks and b on d s...............................................
113,200
F ro m a ll oth er sources, v iz .: Insurance prem ium advanced,
r e fu n d e d .....................................................................................................
13




81
28
91
00
00
00
75

$ 2 ,4 4 1 ,3 1 9 75

K

in g s

C oun ty

121

PAYMENTS
T o depositors, in cluding dividends paid to th em ......................... $ 1 ,3 0 0 ,2 5 8
153,100
F o r loans on bonds and m ortga ges......................................................
F o r stock s a n d bonds purchased, in cluding prem ium s, com m is­
473,2 8 8
sions, etc. (to ta l par value, $ 4 7 5 ,0 0 0 )...........................................
948
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 .:
For salaries ........................................................................
$15,3fi9 50
For taxes: Bankinghouse, $613.00; surplus, $4,337.11
4,95017
For expenses, except taxes, of banking house:
84 09
Repairs ..........................................................................
In su rance.......................................................
241
66
Other ..............................................................................
662 18
For expenses o f other real estate, v iz .:
R epa irs...........................................................
1,069
00
Insurance ......................................................................
15 52
T a x e s ..............
171 32
For other expenses, not including expenses o f other
real estate nor other expenses of banking house..
3,70028
26,193
F o r real estate acquired b y foreclosure, o r in settlem ent o f
6,000
debts due th e b a n k ..................................................... ..........................
O ther paym ents, v iz .:
Insurance premiums advanced.........................................
$35 75
Fees paid in foreclosure action......................................
283 40
319
Cash on hand and in banks or tr u s t com panies December 31,
1918, a fter transactions o f th e d a y .....................- .......................
481,211

54
00
65
21

72

00

15
48

$ 2 ,4 4 1 ,3 1 9 75
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accounts Janu ary 1, 1919....................................
10 ,68 3
N um ber o f accounts opened or reopened du rin g th e y e a r ____
2 ,0 5 0
N um ber o f accounts closed du rin g the y e a r .................. * ...............
1 ,8 0 4
A m ou n t deposited du rin g the year, n ot in cluding dividends
credited f o r th a t p e r io d ........................................................................ $ 1 ,6 3 4 ,2 4 7 28
A m ou n t w ithdraw n during th e y e a r ..........................................
1 ,3 0 0 ,2 5 8 54
A m ou n t o f dividends credited and p a id fo r th e year, v iz .:
July 1, 1918............................................................................
$82,990 81
January 1, 1919...................................................................
86,614 38
169.605 19
A verage am ount o f each aceount J a n u a ry 1, 1919.........................
453 36
R a te per cent, o f dividends to depositors du rin g th e six m onths
en din g June 30, 1918..........................................................................
4
R a te per cent, o f dividends t o depositors du rin g th e six m onths
ending Decem ber 31, 1918.................................................................
4
T ota l earnings o f th e bank fo r the yea r 1918, after allow in g
fo r am ortization o f prem ium s and discou n ts...............................
$241,753 58
T o ta l expenses o f the bank fo r the year 1918..................................
2 7 ,25 6 87
D ividends paid t o depositors fo r the yea r 1918.............................
169.605 19
N e t earnings fo r th e year 1918 over expenses and, dividends
pa id to depositors ................................................................................
44,891 52




122

R
44.

eport

on

S a v in g s

B

anks

FL A T B U S H SA V IN G S B A N K , BRO O K LYN
[910 Flatbush avenue; incorporated 1916]

HARRY B. HAWKINS. President.
EVERETT E. TERRY, Vice-President.
FREDERICK A. KOCH, Vice-President.
DANIEL A. BENTIEN, Secretary.
STARKS W. SALT, Vice-President.

TRUSTEES
HARRY B. HAWKINS,
FREDERICK A. KOCH,
STARKS W. SALT,
EVERETT E. TERRY,
JOHN A. COOK,
HENRY B. DAVENPORT,

GEORGE C. DICKEL,
WILLIAM HAWKINS,
J. PAUL HOFFMAN,
GRISWOLD I. KEENEY,
ALEXANDER MacDONALD,
JAMES McILRAVY,
HENRY J. DAVENPORT,

DeWITT V. D. RBILEY,
T. SCHENCK RBfMSEN,
ALLAN STEVENSON.
HENRY L. UGHETTA.
RICHARD VOM LEHN,
WILLIAM T. WHICH.

F IN A N C IA L
RESOURCES
B on ds and m o rtga ges................................................................................. $ 8 38,200 00
S to ck and bond Investments, v iz .:
Par
Original
Estimated
Stacks and hands
value
cost
market value
United States...........................
$135,350 00
$133,400
00$135,35000
State Of Idaho.......................
5,000 00
4,747 24
4,85000
State o f Massachusetts.......
6,000 00
4,960 50
4,97500
Cities in other States..........
35,000 00
35,806 39
35,40000
Cities in this State..............
99,200 00
100,045 44
99,70400
Railroad mortgage bon d s....
142,000 00
138,892
75133,40000
$421,550 00

$417,852

32$413,679*00
4 13,679
Other reaF estate, book value, $706.88; cost, $706.88; actual
706
ca sh v a l u e ................................................................................................
Cash on dep osit in banks o r tru st com panies..................................
170,368
C ash on hand ..............................................................................................
1 5 ,562
T o ta l o f collectible' in terest...................................................................
2 0 ,51 7
A m oun t o f a ll other assets, v iz .: L iberty bond paym ents fo r
10,194
s u b s c r ib e r s ................................................................................................

00
88
89
00
16
00

$ 1 ,4 8 9 ,2 2 7 93
LIABILITIES
A m oun t due depositors, v iz .:
P rin cip a l..............................................................................$1,449,947 04
Dividends credited or to be credited for the six
months ending with December 31, 1918.....................
20,210 38
------------------ $ 1 ,4 7 0 ,1 5 7 42
S u rp lu s on m arket v a lu e ......................................................................
1 9 ,0 7 0 51
$ 1 ,4 8 9 ,2 2 7 93
Su rplu s on p a r value, $26,941.51.
C A S H T R A N S A C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
C ash on band and in banks o r tru st com panies Janu ary 1,
1918, before transactions o f th e d a y .............................................
F ro m depositors, n ot in clud ing dividends cred ite d .......................
F rom in terest 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 stock s and bonds sold (to ta l p a r value, $ 2 ,4 5 0 )................
F rom a ll oth er s ou rces,.v iz .: L ib erty B on d installm ents paid
b y subscribers..........................................................................................




$ 8 7 ,3 5 0
1 ,4 3 0 ,3 9 4
4 0 ,9 5 8
1 8 ,6 0 0
5 0 ,0 0 0
2 ,4 5 0

09
79
87
00
00
00

7 8 ,25 6 00
$ 1 ,708 ,00 9 75

K

in g s

C oun ty

123

PAYMENTS
T o depositors, in cluding dividends paid t o th em ...........................
F o r loans on bonds and m ortga ges.................................................
F o r stock s a n d bonds purchased, in clu d in g premiums, com m is­
sions, etc. (to ta l par value, $ 2 5 4 ,2 0 0 )........................................
F o r in terest (o th er than dividend paym ents t o d e p o s ito r s ). .
F o r cu rrent expenses o f th e bank, v iz .:
For salaries ........................................................................
$6,072 53
For expenses, except taxes, o f banking house:
In su ran ce.........................................................................
44 81
For rent o f bankingrooms................................................
1,774 97
For expenses o f other real estate, v iz .: Taxes..........
42 57
For other expenses, not including expenses o f other
real estate nor other expenses of banking house..
2,827 95
•Other paym ents, v iz .: L ib erty Bonds purchased fo r subscribers
Cash on hand and in banks or tru st com panies Decem ber 31,
1918, a fter tran saction s o f the d a y ...........................................

$6S8,489 82
481,0 5 0 00
252,167 91
1,1 58 30

10,762 83
8 8 ,4 5 0 00
185,9 3 0 89
$ 1 ,7 0 8 ,0 0 9 75

S T A T IS T IC A L IN F O R M A T IO N
8 ,3 7 3
N u m b er o f open accounts J anu ary 1, 1919......................................
4 ,1 0 6
N u m ber o f accounts opened or reopened du rin g the y e a r -----1,491
N um ber o f accounts closed- du rin g the y e a r ....................................
A m o u n t deposited du rin g the year, n ot in clud ing dividends
credited fo r th a t p e rio d .......................' . ........................................... $ 1 ,4 3 0 ,3 9 4 79
688,489 82
A m oun t w ithdraw n du rin g the 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, 1918...........................................................................
$14,546 98
January 1, 1919....................................................................
20,210 38
Credited at other periods.................................................
59 28
34 .81 6 62
A verage am ount o f each account J anu ary 1, 1919.........................
175 53
R a te per cent, o f dividends to depositors du rin g th e six months
4
ending Jun e 30, 1918.........................................................................
R a te per cent, o f dividends to depositors du rin g th e six months
ending Decem ber 31, 1918.................................................................
4
T o ta l earnings o f th e bank fo r the year 1918, after allow ing for
a m ortization o f prem ium s a n d d iscou n ts....................................
$50,747 19
T o t a l expenses o f the bank fo r the year 1918..................................
10,762 83
D ividends p a id t o depositors fo r the yea r 1918................................
34 .81 6 62
N e t earnings fo r th e year 1918 over expenses a nd dividends
paid to depositors ..............................................................................
5 ,1 6 7 74




124

R

eport

on

S a v in g s

B

anks

45. FU LTO N SA Y IN G S B A N K , K IN G S CO UNTY, BRO O K LYN
[375 Fulton street; incorporated 1867 as Germania Savings Bank, Kings county|
A. GOEPBL, President.
PETER H. REPPBNHAGEN. Vice-Pres.
OPTO WISSNER, Vice-President.
ADOLPH GOEPEL.
CHAS. A. SCHIEREN.
P. H. REPPENHAGEN.
T. ELLETT HODGSKIN,
JACOB DANGLER,
AUGUST JAHN,

OSCAR THOMASS, Treasurer.
J. C. M. LORENZ. Secretary.
JOHN W. HASS, CasMer.

TR U STE E S
.T. F. HILDEBRAND,
RICHARD KNY,
OTTO WISSNER,
• . R. MANNHEIM.
T
HERMAN A. METZ,

FREDERICK RENKEN,.
OTTO E. REIMER,
OSCAR THOMASS,
BERTHOLD FALLERT^
G. WM. RASCH.
LOUIS SCHELING.

F IN A N C IA L
RESOURCES
$ 7 ,7 9 8 ,2 0 0 00.
B on ds and m ortga ges.......................
S tock and bond investm ents, v iz .:
Par
Original
Estimated
Stocks and bonds
valne
cost
market value
United States.......................... $191,500 00
$191,500 00
$191,500 00
90,000 00
90,608 40
90,100 00
State o f California................
State o f Oklahoma..................
20,000 00
20,494 60
19,800 00
Cities in other States.......... 1,096,000 00 1,147,616 64
1,094,940 00
Cities in this State............... 2,145,481 82
2,259,553 86
2,068,894 54
Counties in this State........
336,000 00
352,491 67
337,500 00
Towns in this State.............
12,175 00
13,496 31
12,05a 60
Villages in this state............
21,900 00
22,968 60
22,337 00
Railroad mortgage bonds---730,000 00
705,246 71
657,200 00
$4,643, 056 82

$4,803,876 79

$4, 489, 293 04
4 ,4 8 9 ,2 9 3 0 4

B a n k in g house and lo t, book value, $322,900.27; cost, $374,620.05; aetual cash v a lu e ...................................................................
O ther real estate, book value, $110,176.16; eost, $119,165.58;
a ctu a l cash v a lu e ..................................................................................
Cash on deposit in banks or tru st com pan ies.............................
Cash on h a n d ...............................................................................................
T o ta l o f collectib le in terest.....................................................................
A m o u n t o f a ll oth er assets, v iz .: R en t a ccru ed .............................

3 2 2 ,9 0 0 27
111,5 0 0
9 7 4 ,116
17»4S1
111,447
490

GO
10
69
03
00

$ 1 3 ,8 2 5 ,4 2 8 82
LIABILITIES
A m ou n t due depositors, v iz .:
Principal ............................................................................. $12,633,108 26
Dividends credited or to be credited for the six
months ending with December 31, 1918.......................
237,781 33
------------------ $ 1 2 ,8 7 0 ,8 8 9 59*
S u rplu s on m arket v a lu e ........................................................................
954,539 23
$ 1 3 ,8 2 5 ,4 2 8 82
Su rplu s on p a r value, $1,108,303.01.
C A S H T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Janu ary 1,
1918, b efore transactions o f the d a y ...............................................
From depositors, n o t in clud ing dividends cred ited .......................
F rom interest on loans, deposits and investm ents.........................
F rom ren ts from banking h ou se........................................................
F rom rents fro m oth er real esta te......................................................
F rom m o r tg a g e s ..........................................................................................
F rom redem ption o f stocks and b o n d s ...............................................
F rom stocks and bonds sold (to ta l p a r valu e $ 1 7 0 ,3 0 0 )...........
F rom real estate s o l d ...............................................................................




$ 8 00,308
3 ,1 1 1 ,3 8 8
613,531
15,417
7 ,7 9 8
3 2 8 ,2 7 5
7 5 ,7 8 0
1 70,300
3 6 ,0 0 0

83
31
30
89
01
00
91
00
00

K

in g s

125

C oun ty

f r o m a ll oth er sources, v iz .:
Appraisal fees ...................................................................
$332 00
Insurance premiums advanced, refunded..........................
27172
Deficiency judgm ent; old safe s o ld ; refund,
advertising .............................................................................
10530
____________

$709 02

$ 5 ,1 5 9 ,5 0 9 27
PAYMENTS
T o depositors, in clud ing dividends p a id to th em ........................... $ 3 ,6 8 7 ,6 3 8
7 5 ,5 0 0
F o r loans on bonds and m ortga ges...............................................
F o r stocks a nd bonds purchased, in cluding prem ium s, com m is­
2 7 2 ,8 5 0
sions, etc. (to ta l par value, $ 2 7 2 ,8 5 0 )....................
F o r cu rrent expenses o f the bank, v iz .:
$23,209 65
For salaries ........................................................................
For ta xes:
Banking house, $9,041.55; surplus,
17,740 90
$8,099.35 .............................................................................
For expenses, except taxes, o f banking house:
1,050 79
Repairs ..........................................................................
270 a)
Insurance .....................................................................
10,181 59
Other .............................................................................
For expenses of other real estate, v iz .:
934 58
Repairs ..........................................................................
1,427 34
Insurance ......................................................................
2,214 74
Taxes .............................................................................
1,011 23
O th e r.............................................................................
For other expenses, not including expenses o f other
5,817 85
real estate nor other expenses o f banking house..
6 3 .85 9
F o r real estate acquired b y foreclosure, o r in settlem ent o f
debts due the b a n k ..............................................................................
87,334
O th er paym ents, v iz .:
$340 00
Commissions paid sale of real property......................
Improvements, real property...........................................
200 00
Insurance premiums advanced ; interest adjustment
Liberty Bond account....................................................
190 90
730
C ash on hand and in banks or tru st com panies December 31,
1918, after tran saction s of th e d a y ...............................................
991.597

64
00
00

47
38

90
S8

$ 5 ,1 5 9 ,5 0 9 27
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, 1919....................................
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 ou n t deposited durin g the year, n ot in cluding dividends
credited fo r th a t p e rio d ..................................................................... $ ,
A m o u n t w ithdraw n during the y e a r ...............................................
,
A m ou n t o f dividends credited and paid fo r the year, v iz .:
July 1, 1918............................................................................
$240,388 20
January 1, 1919....................................................................
237,781 33

2 0 .71 9

2.808
3.0/0

3 111,388 31
3 667,038 64

A verage am ount o f each account Ja n u a ry 1, 1919.........................
R a te per cent, o f dividends to depositors du rin g th e Six months
ending Jun e 30, 1918............................................................................
R a te per cent, o f dividends to depositors du rin g the six months
ending Decem ber 31, 1918...................................................................
T o ta l earnings o f the bank for th e y ea r 1918, after allow in g
fo r am ortization o f premiums and d iscou n ts.............................
T o ta l expenses o f th e bank fo r th e year 1918..................................
D ividends paid t o depositors for th e year 1918.............................
N e t earnings f o r th e yea r 1918 o v er expenses and dividends
pa id t o depositors ..............................................................................




478.1 6 9 53
621 21
4
4
$630.124 93
7 0.106 30
4 78,189 53
8 1,849 10

126

R

eport

on

S a v in g s B

anks

48. THE GREATER NEW YORK SAVINGS BANK, BROOKLYN
[498 Fifth avenue; incorporated 1897]
C. J. OBERMAYER, President.
WM. K. CLEVERLY, Vice-Pres.
ALEXANDER G. CALDER. Vice-Pres.
WM. OBERMAYER, Secretary,
THOMAS L. GRACE, Assistant Secretary.
T R U ST E E S
C. J. OBERMAYER.
WM. OBERMAYER,
CHARLES BUSTON,
W. M. MESEROLE,
WILLIAM J. MAXWELL, WM. K. CLEVERLEY,
W. F. VANDEN HOUTEN, WALTER CRITCHLEY,
ALEX. G. CALDER,
JOHN LAMONT,
FRANK A. SELLS,
ARCHIBALD SIMPSON.
MILO M. BELDING, JB.,
GUSTAVE HARTUNG,
JOHN E. RUSTON,
H. B. MCNAIR,
THOMAS M. DELANEY,

FREDERICK W. STARR*
WM. W. SPENCE,
LUDWIG MERKLEIN,
GUY LOOMIS,
WM. D. BUCKNER,
RAYMOND H. FIERO,
HARRY M. DeMOTT.
ELISHA W. HINMAN.

F IN A N C IA L
RESOURCES
Bonds and m ortgages .......................................................................... $ 3 ,9 3 6 ,5 7 5 0 0
S tock and bond investm ents, viz.:
Original
Par
Estimated
cost
Stocks and bonds
value
market value
United States........................... $1,206,000 00 $1,266,000 00 $1,266,000 00
State o f New York................
100,000 00
105,387 00
106,000 00
788,305 00
Cities in other States...........
786,600 00
828,546 24
644,850 18
612,225 00
Cities in this State...............
630,000 00
10,060i 00
Towns in this State..............
10,000 00
10,170 00
10,711 00
10,015 00
Villages in this State...........
lO O 00
iO O
16,558 30
School districts in this State
16,000 00
15,990 00
$2,818,500 00

$2,882,112 72

$2,808,705 00

Cash on deposit in banka o r tru st com panies.
Cash on h a n d ...............................................................
T o ta l o f collectible in terest......................................

2 ,8 0 8 ,7 0 5
5 2 1 ,7 1 2
5 8 .14 5
6 8 ,13 6

00
41
91
67

$ 7 ,3 9 3 ,2 7 4 9 9
LIABILITIES
A m oun t due depositors, v iz .:
P rin cip a l.............................................................................. $6,694,362 37
Dividends credited or to be credited for the six
months ending with December 31, 1918.......................
112,720 65
------------------ $ 6 ,8 0 7 ,0 S 3 02
O ther lia b ilities, v iz .: L ib erty B ond d ep osits..................................
3 42,515 50
Su rplu s o n m arket v a lu e ..........................................................................
2 4 3 ,6 7 6 47
$ 7 ,3 9 3 ,2 7 4 99
Surplus on par value, $253,471.47.
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 1918

RECEIPTS
Cash on han d and in banks o r trust com panies January 1,
1918, before tran saction s o f th e 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 r t g a g e s .........................................................................................
From redem ption o f stoeks and b on d s...............................................
From stocks and bonds sold (to ta l pa r value $ 1 ,2 1 0 ,6 5 0 )....
F rom all oth er sources, v iz .:
Liberty Bond payments by subscribers........................ $1,443,808 00
P ro tt sale o f bonds...........................................................
1,848 81
Cash o v e r; Sundries...........................................................
25 43
------------------




$442,244
3 ,3 7 2 ,9 3 3
2 9 7 ,8 8 4
9 3 ,1 5 0
6 0 0 ,0 0 0
1 ,2 1 0 ,6 5 0

57
30
84
00
00
00

1 ,4 4 5 ,6 8 2 24
$ 7 ,4 6 2 ,5 4 4 95

K

in g s

C oun ty

127

PAYMENTS
T o depositors, in cluding dividends pa id t o th em ........................... $ 2 ,2 6 1 ,5 9 3
6 10,000
F o r loans on bonds and m ortga ges......................................................
F or stocks and bonds purchased, in cluding premiums, com m is­
2 ,7 4 5 ,0 4 4
sions, etc. (to ta l par value, $ 3 ,8 4 3 ,0 0 0 )......................................
3 ,6 79
F o r interest (oth er than dividend paym ents t o d e p o s ito r s ). .
F o r cu rrent expenses o f the bank, v iz .:
For salaries ........................................................................
$26,537 77
For taxes : Surplus...........................................................
1,928 12
For expenses, except taxes, of banking house:
R ep a irs...........................................................................
375 21
Insurance ......................................................................
10 71
3,925 00
For rent o f banking rooms..............................................
For other expenses, not including expenses of other
real estate nor other expenses of banking house..
16,663 23
4 9 ,4 4 0
Other paym ents, v iz .: L iberty B ond paym ents fo r subscribers. .
1 ,2 1 2 ,9 2 8
Cash on hand and in banks or tru s t com panies December 31,
1918, a fte r transactions o f th e day ...........................................
579,858

88
00
06
86

04
79
32

$ 7 ,4 6 2 ,5 4 4 95
S T A T IS T IC A L IN F O R M A T IO N
Num ber o f open accounts Ja n u a ry 1, 1919..................................
22,301
N um ber o f accounts opened or reopened during the y e a r ____
5 ,8 9 2
N um ber o f accounts closed du rin g the y e a r ..................................
3 ,7 1 8
A m oun t deposited during the year, n ot in cluding dividends
credited fo r th a t p e r io d ..................................................................... $ 3 ,3 7 2 ,9 3 3 30
A m oun t w ithdraw n du rin g the y e a r .................................................
2 ,2 6 1 ,5 9 3 88
A m oun t o f dividends credited and paid fo r the year, v iz .:
July 1, 1918......................................... •
................................ $102,749 79
January 1, 1919....................................................................
112,720 65
2 15,470 44
A verage am ount o f each account J anu ary 1, 1919.........................
305 24
R a te per cent, o f dividends to depositors during the six m onths
ending June 30, 1918..........................................................................
4
R ate per cent, o f dividends to depositors during th e six m onths
ending Decem ber 31 1918.....................................................................
4
T ota l earnings o f the bank fo r the year 1918, after allow in g
fo r am ortization o f prem ium s and discou n ts.............................
$307,674 22
T ota l expenses o f th e bank for the year 1918..................................
49 ,44 0 04
D ividends pa id t o depositors fo r the year 1918.............................
2 15,470 44
N et earnings fo r th e year 1918 over expenses and dividends
paid to .d e p o s it o r s ...................................................................................
42 ,76 3 74




128

R

47.

eport

on

S a v in g s

B

anks

THE GREEN POINT SAVINGS BANK, BROOKLYN
£807 Manhattan avenue; incorporated 1868]

GEORGE W. MILTER, President.
FRANK S. HARLOW, Secretary.
CHAS. H. REYNOLDS, Vice-President.
WILLIAM J. FLEMING, Asst. Sec.
D. A. MANSOX, Vice-President.

TRUSTEES
WILLIAM C. REID,
HENRY DECKER,
DONALD A. MANSON,
LEWIS JURGENS,

FRANK S. HARLOW.
JAS. A. McCAFFERTY,
WILLIAM BO A T E R,
GEORGE W. FELTER,
GEORGE H.
CHAS. H. REYNOLDS,
DAVID MARTIN.
FREDERICK W. SMITH,
JOSEPH S. MONTGOMERY.
FIN A N C IA L

RESOURCES
$ 6 ,5 0 7 ,2 2 5 0 0
Bonds and m ortga ges.......................
S tock and bond investm ents, v iz .:
Original
Estimated
cost
market value
Stocks and bonds
value
United States ................ . . . . 61,221,000 00 61,198,176 06 61,221,000 00
70,654 62
69,300 00
State o f Oklahoma............. .
T , MO 00
O
154,538 00
154,500 00
State o f Tennessee...............
150,000 00
25,250 00
25,492 S
O
State o f Idaho.......................
2S.00# 00
84,730 00
86,967 86
State o f California...............
84,000 00
1,166,335 m
1,210,948 75
Cities in other States........... 1,178,000 M
774,342 m
807,87# 68
Cities in this State..............
787,800 W
264,050 00
295,202 51
Counties in this State..........
275,000 00
45,432 77
45,000 00
Towns in this State...............
45,000 00
1,287,460 00
1,460,084 88
Railroad mortgage bonds— 1,492,000 00

$5, 327,800 00 $5, 354,358 11 $5,* 91, 96? 0#

—
— —
—
—
5 , 091,967 00
B ank ing house and lot, book value, $125,000; cost, $169,227.76 actual cash v a lu e .....................................................................
125,0 0 0 00
O ther real estate, book value, $2S,398.01; cost, $28,398.01;
a ctu a l cash v a l u e ...................................................................................
2 8 ,3 9 8 01
Cash on deposit in banks o r tru st com panies...............................
7 31,802 11
Cash on hand ..................................................................................................
8 6 ,7 0 6 07
T o ta l o f collectib le in terest...................................................................
107,974 62
A m ou n t o f a ll other assets, v iz .: A dvanced fo r lib e r t y Bond
s u b s crib e rs ......................................................................................................
5 7 ,5 0 0 0 0
$ 1 2 ,7 5 6 ,5 7 2 81
LIABILITIES
A m ou n t due depositors, v iz .:
P rin cip a l.............................................................................. $11,385,012 69
Dividends credited or to be credited for the six
months ending with December 31, 1918.....................
204,493 73
-------------- - $ 1 1 , 5 8 9 , 5 0 6 42
Other lia b ilities, v iz .: Expenses incurred, but unpaid, Taxes
accrued .....................................................................................................
5 .4 5 0 00
Surplus on m arket v a lu e..........................................................................
1 ,1 4 1 .6 1 6 39
$ 1 2 ,7 3 6 ,5 7 2 81
Su rplu s on pa r value, $1,377,449.39
C A S H T R A N SA C TIO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru s t com panies J anu ary 1,
1018, before transactions o f the d a y .............................................
F rom depositors, n ot in cluding dividends cred ited ....................
F rom in terest on loans, deposits and investm ents....................
From rents fro m other real esta te......................................................
F rom m ortgages .......................................................................................
From redem ption o f stocks and b on d s...............................................




$ 6 49,884
3 ,4 1 1 ,6 3 3
5 6 0 ,0 4 9
2 ,1 1 2
157,000
2 9 6 ,8 5 0

18
34
86
45
00
00

K ings

Covitf*

m

from stocks and bonds sold (total par value, $ 4 7 8 ,0 0 0 )....
from real estate sold........................................................................
From all other sources, viz.: Liberty bond payments by sub­
scribers ...............................................................................................

$470,125 50
29,387 50
776,300 00
$6,353,342 83

PAYMENTS

To depositors, including dividends paid to them....................... $2,704,421 69
236,950 00
For loans on bonds and mortgages..............................................
For stocks and bonds purchased, including premiums, commis­
1,940,451 88
sions, etc. (total par value, $1,977,200)...................................
7,818 19
For interest (other than dividend payments to depositors)..
For current expenses of the bank, viz.:
For salaries .......................................................................
F or ta x es:
Banking bouse, $2,974.16; surplus,
$10,560.32 ............................................................................
For expenses, except taxes, o f banking house:
R ep a irs...........................................................................
In su ra n ce......................................................................
For expenses o f other real estate, v iz :
R epains..........................................................................
Insurance .....................................................................
Taxes .............................................................................
O th e r..............................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$41,443 00
13,534 48
717 54
62 50
1,140 68
130 01
1,020 64
259 50
7,373 09

65,671 34
For real estate acquired by foreclosure, or in settlement of
debts due the b a n k ...................................................................... ..
Other payments, viz.: Liberty Bond payments for subscribers.
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day..............................................

41,921 55
537,600 00
818,508 18
$6,353,342 83

STATISTICAL INFORMATION
21,214
Number of open accounts January 1, 1 9 1 9 ...................................
3,793
Number of accounts opened or reopened during the year----Number of accounts closed during the year..............................
2,680
Amount deposited during the year, not including dividends
credited for that period................................................................ $3,411,633 34
Amount withdrawn during the y e a r .............................................. 2,704,421 69
Amount of dividends credited and paid for the year, viz.:
July 1, 1918............................................................................
January 1, 1919...................................................................

$197,979 30
204,493 73

Average amount of each account January 1, 1919.......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918 ....................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918 ......................................... ..................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1 9 1 8 .....................
Dividends paid to depositors for the year 1 9 1 8 ...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors...........................................................................

5




402.473 03
546 31
4
4
$575,453 93
67,653 87
402.473 03
105,327 03

m

R i p o t i ? o n S a v in g s B a n e s
4 8 HAMBURG SAVINGS BAN S, BROOKLYN
[1451 M yrtle avenue; Incorporated 1906]

DAVID ENGEL. President.
ROBERT E. MOFFETT, Vice-Pres.

NICHOLAS A. STEMMERMANN, Vlce-Pres.
GEO. C. UNBESCHEIDEN, Secretary.

TRUSTEES
DAVID ENGEL,
N. A. STEMMERMANN,
H. L. SCHELLING,
HENRY C. BOHACK,
ALBERT L. LEVI.

ROBERT E. MOFFETT,
C. WM. WOHLERS,
W. P. BOGGS,
II. 3. HOLTERMANN,
HENRY F. WAGNER,
CHAS. AICHMANN,
ERNEST A. FLEISCHER, F. AUGUST SCHURMANN.
OTTO SPANGENBERG.
GEO. C. UNBESCHEIDEN.

FINANCIAL
RESOURCES

Bonds and mortgages ......................................................................... $1,623,750 00
Stock and bond investments, viz.:
Par
value
$302,250 00
15, (W 00
0
12,000 00
10,000 00
118,400 00
36.000 00
1X1,980 00
50,060 00
69.000 00

Original
Estim ated
cost
market value
$302,260 00
$299,639 40
16,172 58
15.760 00
10,464 12
10.760 O
O
10,000 O
O
10,000 00
120,760 00
124,985 37
37,309 34
37,310 00
114,943 76
114,372 05
52,048 28
61,166 75
64,858 76
59,250 00

$991,180 02

Stocks and bonds
United States ........................
State o f New M exico.............
State o f M assachusetts........
State o f South Carolina—
Cities in other States...........
Towns in this State.............
Villages in this State...........
School districts in this State
Railroad mortgage b on d s....

$997,651 59

$984,457 15

984,457
218,162
19,540
22,237

Cash on deposit in banks or trust companies........
Cash on hand ..............................................................
Total of collectible interest..................... ..................

15
28
25
76

$2,868,147 44
LIAB ILITIES

Amount due depositors, viz.:
P rin cip a l.............................................................................. $2,735,589 98
Dividends credited or to be credited for the six
m onuis ending w ith December 31, 1918.......................
48,460 31

----------------- $2,784,050 29
Surplus on market value ................................................................
84,097 15
$2,868,147 44
Surplus on par value, $90,820.02.
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the d a y ........................................
From depositors, not including dividends credited ...................
From interest on loans, deposits and investm ents...................
From mortgages .................................................................................
From redemption of stocks and bonds............................................
From stocks and bonds sold (total par value, $3,167.50)...........
From all other sources, viz.:
U. S. T h rift Stamps sold..............................................
Cash o v e r; Profit, bond sa le ; Advertising refu n d;
Commission on bond purchases...................................




$215,883
1,091,269
124,506
35,800
139,386
3,184

43
68
60
00
67
48

$1,676 00
13111

------------------------------------ 1,706 11
$1,611,736 97

K

in g s

O otrirT T

131

PAYMENTS

’ To depositors, including dividends paid to th e m .......................
For loans on bonds and m ortgages............................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $418,107.50)...................................
For interest (other than dividend payments to depositors). .
For current expenses of the bank, viz.:
For taxes : Banking house, $576.00; surplus, $492.ii..
F or expenses, except taxes, o f banking h ouse:
Repairs ..........................................................................
In su ra n ce......................................................................
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..

$828,980 74
117,000 00
413,040 04
1,420 00

1.06S 11
134 86
50 00
1,500 00
2,379 06

11,912 00
Other payments, viz.:
Adjustm ent o f depositor’s account................................
U. S. T h rift Stamps.......................................................

$100 00

1,575 00

1,075 00
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day ...........................................

237,702 53
$1,011,730,97

STATISTICAL INFORMATION
Number of open accounts January 1, 1919 ...............................
9,132
Number of accounts opened or reopened during the year..........
1,057
Number of accounts closed during the year ...............................
1,353
Amount deposited during the year, not including dividends
credited for that period................................................................ $1,091,209 08
Amount withdrawn during the year ...........................................
828,980 74
Amount of dividends credited and paid for the year, viz.:
July 1, 1918...........................................................................
January 1, 1919....................................................................
Credited at other periods.................................................

$46,072 30
48,455 51
4

Average amount of each account January 1, 1 9 1 9 ...................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918 ....................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918 ............................................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1 9 1 8 ...........................
Dividends paid to depositors for the year 19 1 8 ...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors ........................................................................




94.532 01
304 80
4
4
$124,919 53
12,012 00
94.532 01
18,374 92

E i p o ws o n S a v in g s B a n n s

m

49.

HOMS SAVINGS BAN S, BROOKLYN

[804 Manhattan avenue; incorporated 1906]
MARSHALL W. GLEASON, President.
LOUIS STERN, Vice-President.

JOHN W. BURR, Vice-President,
V. M. POW ELL, Cashier.

TRUSTIES
M. W . GLEASON,
JOHN W. BURK,
HARRY A. JEW ELL,
MORRIS SALZMAN,
LOUIS STERN,

OSCAR A. BOCH,
CHAS. P. BALL.
CHAS. W. GRIFFIN,
EDGAR H. HAZELWOOD,
EDWIN J. SUTPHIN,

CHARLES H. HAWKINS,
THOMAS F. KELLY,
J. R. HAZELWOOD,
M. H. CAVANAUGrf,
GEORGE H. ROWE.

FINANCIAL
RESOURCES

Bonds and mortgages .
Stock and bond investments, viz.:
Stocks and bonds
United States ........................
Cities in other States...........
Counties, villages and towns
in adjoining States...........
Cities in this State................
Towns in this State...............
Villages in this State...........
School districts in this State
Railroad m ortgage b on d s....

Par
____
value
$33,660 00
115,500 00

$418,150 00
Original
Estim ated
cost
market value
$33,650 00
$33,650 00
118,860 00
120,464 92

15,000 O
ft
20,500 00
5,750 00
22,000 00
15,400 00
21,000 00

15,286 62
20,378 92
5,879 80
23,210 16
16,030 80
18,112 27

15,960 00
20,605 00
6,780 00
22,984 00
16,821 00
18,480 00

$248,800 00

$253,012 49

$252,140 00

252,140
57,188
6,055
5,351

Cask on deposit in banks or trust companies...........................
Cash on hand ............................... .....................................................
Total of collectible interest ............................................................
Amount of all other assets, viz.: Vaults, furniture, and
fixtures .............................................................................................

00
49
19
39

3,000 00
$741,886 07

LIAB ILITIES

Amount due depositors, viz.:
Principal .............................................................................
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1913......................

$703,252 00
12,520 45

----------------Surplus on market value ................................................................

$715,772 45
26,112 62
$741,885 07

Surplus on par value, $22,772.62.
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day ........................................
From depositors, not including dividends credited...................
From interest on loans, deposits and investments...................
From mortgages .................................................................................
From redemption of stocks and bonds ........................................
From stocks and bonds sold (total par value, $81,000)..........
From all other sources, viz.: Profit, sale of bonds...................




$35,177
311,768
35,137
21,900
26,250
79,706
359

41
63
76
00
00
25
43

$510,299 48

K

in g s

C

133

oun ty

PAYMENTS

To depositors, including dividends paid to th e m .......................
For loans on bonds and mortgages ............................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $160,800).......................................
For interest (other than dividend payments to depositors). .
For current expenses of the bank, viz.:
F or salaries ........................................................................
F or taxes : Surplus...........................................................
For expenses, except taxes, o f banking bou se: Other
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..

$263,055 74
19,500 00
157,262 63
1,009 54

f3,812 00
64 94
96 68
1,400 00
854 37

6,227 89
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the d a y ............................................

63,243 68
$510,299 48

STATISTICAL INFORMATION
Number of open accounts January 1, 1919 ...............................
Number of accounts opened or reopened during the y ear.. . .*
Number of accounts closed during the y e a r ...............................
Amount deposited during the year, not including dividends
credited for that period................................................................
Amount withdrawn during the year..............................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1918...........................................................................
January 1, 1919...................................................................

803
635
$311,768 63
263,055 74

$11,991 96
12,520 45

Average amount of each account January 1, 1919.......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918....................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918..............................................................
Total earnings o f the bank for the year 1918, after allowing
for amortization of premiums and discounts......................... .
Total expenses of the bank for the year 1918...............................
Dividends paid to depositors for the year 1918...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors ........................................................................




2,666

24.512 41
268 48
4
4
$34,413 37
6,227 89
24.512 41
3,673 07

134

R e p o r t o n S a v in g s B a n k s
§0. THE KINGS COUNTY SAYINGS INSTITUTION, BROOKLYN
[1% Broadway, corner Bedford avenue; Incorporated 1860]

HUBERT G. TAYLOR. President.
ALFRED HODGES, Vice-President.
J. CARLISLE LOUDON, Vice-President.

MARTIN MULLER, Cashier.
GODFREY BAUER, Asst. Cashier.

TRUSTEES
ROBERT LIPTROTT,
EDWARD McGARVEY,
HUBERT G. TAYLOR.
JACOB C. KLIXCK,

AUGUSTUS P. DAY,
WALTER MATHISON,
W ILLIAM C. GARRICK,
J. CARLISLE LOUDON,
ALFRED HODGES.

C. E. DONNELLON,
W . WINTHROP TAYLOR,
8. A. COYKENDALL,
CHAS. F. TUTTLE,

FINANCIAL
RESOURCES

Bonds and mortgages........................................................................ 16.187,650 00
Stock and bond investments, viz.:
Par
O riginal
Estim ated
Stocks and bonds
value
cost
market value
United States ........................
$293,000 00
$293,000 00
$293,000 00
State o f C alifornia...............
25,000 00
23,500 00
23,500 00
sta te o f M aryland..................
25,000 00
24,780 M
24,750 00
State o f Oklahoma..................
25,000 00
25,385 25
24,750 00
Cities in other States........... 1,310,000 00
1,356,630 01
1,308,557 00
Cities in this State............... 1,704,400 00
1,775,854 36
1,649,219 20
Counties in this sta te...........
63,533 47
68,982 62
62,262 80
V illages in this State............
131, M0 M
137,576 22
137,340 00
School districts in this State
77,000 00
78,249 62
76,564 00
Railroad m ortgage b o n d s....
3,605,000 00 3,771,781 56
3,287,260 O
O
$7,258,933 47

$7,554,709 64

$6,387,193 00

6,887,193 00
Banking house and lot, book value $50,000; cost, $142,637;
actual cash v a lu e ............................................................................
Other real estate, book value, $251,400.74; cost, $251,400.74;
actual cash value ...........................................................................
Cash on deposit in banks or trust companies...........................
Cash on h an d .......................................................................................
Total of collectible interest................................................................
Amount of all other assets, viz.:
Liberty Bonds for counter sale......................................
D eficiency judgm ents ......................................................
U. S. T h rift Stamps...........................................................

50,000
251,400
930,284
47,059
124,969

00
74
47
27
99

$73,500 00
2,003 28
400 00

75,903 28
$14,554,460 75
LIA B ILITIE S

Amount due depositors, viz.:
Principal ..............................................................................$13,323,658 41
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.....................
256,542 95

----------------- $13,580,201 36
Other liabilities, viz.: Suspense.................v ....................................
1,783 71
Surplus on market value....................................................................
972,475 68
$14,554,460 75
Surplus on par value, $1,344,216.15.
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day..........................................
From depositors, not including dividends credited...................
From interest on loans, deposits and investments...................
From rents from other real estate.*..............................................
From mortgages ..................................................................................




$946,013
2,139,153
658,191
16,451
160,696

11
87
55
34
69

135

K in g s C o u n t y
From redemption of stocks and bonds...........................................
From real estate sold........................................................................
From all other sources, viz.:
Liberty Bonds, counter sales, and interest on sam e..
Fees fo r tax searches; Deficiency judgm ent; Collec­
tion fees ...........................................................................

$220,600 00
19,501 25

$198,384 22
172 75

___________

196,556 97
$4,368,164 78

PAYMENTS

To depositors, including dividends paid to them....................... $2,921,779 62
For loans on bonds and mortgages*..............................................
14,000 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $110,000)....................................
110,000 00
For current expenses of the bank, viz.:
For salaries .......................................................................
For ta x es:
Banking house, $1,190.65; surplus,
$8,081.12 ..............................................................................
For expenses, except taxes, o f banking house:
Repairs .........................................................................
Insurance ...........................................................
F or expenses o f other real estate v iz .:
Repairs ...........................................................................
Insurance ......................................................................
Taxes ..............................................................................
Other ..............................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$34,455 00
9,271 77
246 79
182 93
8,357
1,113
5,728
2,492

61
74
01
31

4,382 18

------------------------------------ 66,230 34
For real estate acquired by foreclosure, or in settlement of
debts duethe bank...........................................................................
25,500 00
Other payments, viz.:
Insurance premiums advanced........................................
Liberty Bonds purchased for counter sale....................
U. S. W ar Savings Stamps.............................................
Expenses in foreclosure a ction s; taxes paid on
foreclosed properties .....................................................

$93 32
250,000 00
400 00
2,817 76

----------------Cash on hand and in banks or trust companies December 31,
1918, aftertransactions of the day.........................................

253,311 08
977,343 74
$4,368,164 78

STATISTICAL INFORMATION
Number of open accounts January 1, 1919.................................
14,190
Number of accounts opened or reopened during the year..........
1,200
Number of accounts closed during the year ...........................
1,329
Amount deposited during the year, not including dividends
credited for that period.................................................................. $2,139,153 87
Amount Withdrawn during the year............................................ 2,921,779 62
Amount of dividends credited and paid for the year, viz.:
July 1, 1918.........................................................................
January 1, 1919....................................................................

$261,536 59
256,542 95

----------------Average amount of each account January 1, 1919...................
Rate per Gent, of dividends to depositors during the six months
ending June 30, 1918....................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918..............................................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1918...........................
Dividends paid to depositors for the year 1918.........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors..........................................................................




518,079 54
957 02
4
4
$663,155 81
66,230 34
518,079 54
78,845 93

13 0

R e p o r t o ir S a v in g s B a n k s
81. LINCOLN SAYINGS BANK OF BROOKLYN, BROOKLYN
[531 B roadw ay; incorporated 1866 as German Savings Bank o f Brooklyn!

CHARLES FROEB, President.
JOSEPH HUBER, Vice-President.

JOHN M. OTTO, Vice-President.
HENRY STUMFF, Secretary.

TRUSTIES

THEO. ENGELHABDT,

JOHN M. OTTO,
GEORGE B. GOODWIN,
HERMAN F.SCHARMANN, J. H. SCHUMANN,
HENRY C. DECK,
HENRY 8TUMPF,
CHARLES VOGT,
FRED. GRETSCH,

SSAW Is YROEB.

JOSEPH HUBER,
LOUIS ZOELLNER,
JOHN PROBST,
FREDERICK WEISBROD,
HARRY M. EDWARDS.

FINANCIAL
RESOURCES

Bonds and m ortgages...........................
Stoek and bond investments, viz.:
Par
Stocks and bonds
value
United States .........................32,215.760 00
State o f Louisiana ...............
12,000 00
23,000 00
State o f M ississippi.............
State o f M ontana.................
10,000 00
State o f Oregon....................
10,000 00
State o f South C a rolin a ....
26,00000
State o f Tennessee ...............
1,000 00
Cities in other States.......... 2,774,408 00
Cities in this State............... 2,337,277 18
114,400 00
Counties In this State........
Towns in this State...............
59,500 00
Villages in this State...........
24,000 00
R ailroad m ortgage b o n d s.... 2,743,848 48

.$13,371,675 00
Original
Estimated
cost
market value
32,206,268 60 32,215,750 00
12,120 00
12,743 33
23,470 00
24,180 11
10,000 00
10,600.00
9,748 68
9,720 00
25,000 00
34,968 75
1,000 00
1,010 00
2,905,487 57
2,761,681 58
2,468,629 67
2,268,016 54
120,378 69
111,744 20
62,137 63
60,640 00
23,803 03
23,800 00
2,878,916 95
2,703,600 69

110,350,183 66 310,747,263 01 310,227,462 01

10,227,462 01
5,690 00

Promissory n o te s...........................
5, $65,000; cost, $120,Banking house and lot, bode i
.
.
714.59; actual cash value............................................................
Cash on deposit in banks or trust companies...............................
Cash on hand .....................................................................................
Total of collectible interest..............................................................
Amount of all other assets, viz.: Rent accrued...........................

Il5 l8 3 i§ §

65,000
2,365,000
111,054
204,452
412
$26,350,746

LIA B ILITIE S

=============

Amount due depositors, viz.;
Principal .............................................................................. 323,925,244 63
Dividends credited or to he credited for the six
months ending w ith December 31, 1918........................
432,042 16

Surplus on par value, $2,070,158.84.

I! £ I SS3

------------------$24,357,286
Other liabilities, viz.: Liberty Bond deposits...............................
46,022
Surplus on market value................................................................
1,947,437

$26,350,746
============

CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day....................................... $2,051,298
From depositors, not including dividends credited................... 7,395,271
Freon interest on loans, deposits and investments................... 1,163,142
From rents from bankinghouse.......................................................
3,525
From rents from other real estate................................................
41
From mortgages .................................................................................
238,600
From redemption of stocks and bonds............................................ 2,057,757
From stocks and bondssold(total par value, $887,160.12)..
893,195 61
From loans paid .................................................................................
17,948 86
From real estate s o ld .........................................
7,490 03
From all other sources, viz.:
Liberty Bond subscriptions, Fourth Loan..................
II. S. T h rift Stamps sold........................ ........................




3128,722 20
17,284 50

K

in g s

137

C oun ty

Insurance premiums advanced, refunded; fees for
tax searches, collections, and satisfaction pieces..
Sale o f old m aterial; profit, sale o f bonds; sundry
rebates ..............................................................................

$275 58
273 06

$146,555 34
$14,574,826 47
PAYMENTS

= = = = = =

To depositors, including dividends paid to them........ ..............$6,607,653 48
For loans on bonds and mortgages..................................................
231,600 00
23,638 86
For loans on stocks and bondse and other securities............ .
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $5,046,755.18)............................... 5,036,165 43
For interest (other than dividend payments to depositors). .
16,417 66
For current expenses of the bank, via.:
For sa la ries.........................................................................
F or ta x es: Banking house, $1,692.70; surplus, $15,266.00
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
Insurance ......................................................................
For 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 house..

$46,247 95
16,968 70
812 11
109 76
885 00
299 60
11 00
10,3% 70

------------------------------------ 75,712 82
For real estate acquired by foreclosure, or in settlement of
debts duethe bank...........................................................................
7,400 77
Other payments, viz.:
Insurance premiums advanced........................................
Payment o f forged draft.................................................
Liberty Bonds, Fourth Loan purchased for customers
U. S. T h rift Stamps........................................................

$48 60
150 00
82,700 00
17,284 50

----------------Cash on hand and in, banks or trust companies December 31,
1918, aftertransactions of the day............................................

100,183 10
2,476,054 35

$14,574,826 47
STATISTICAL INFORMATION
= = = = = =
Number of open accounts January 1, 1919...................................
45,753
Number of accounts opened or reopened during the y ear.. . .
5,746
Number of accounts closed during the year...............................
6,339
Amount deposited during the year, not including dividends
credited for that period................................................................ $7,395,271 95
Amount withdrawn during the year.............................................. 6,607,653 48
Amount of dividends credited and paid for the year, viz.:
July 1, 1918...........................................................................
January 1, 1919....................................................................

$424,204 64
432,042 16

856,246 80
532 35
Average amount of each account January 1, 1919.......................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of record
or of a surrogate..............................................................................
7
$26,095 77
Total amount of such accounts........................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918....................................................................
4
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918............................................................
4
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts........................... $1,138,144 38
Total expenses of the bank for the year 1918...............................
75,712 82
Dividends paid to depositors for the year 1918...........................
856,246 80
Net earnings for the year 1918 over expenses and dividends
paid to depositors.............................................................................
206,184 76




138

R

eport

on

S a v in g s B

anks

52. PRUDENTIAL SAYINGS BANK, BROOKLYN
[Broadway and Vernon avenue; incorporated 1908]
DIETRICH W. KAATZE. President.
JOHN AUER, S it. Vice-President.
JOHN H. SCANNELL, Vice-President.
DIETRICH W. KAATZE,
JOHN AUER. Sr..
JOHN H . SCAN N iLL,
HERBERT A. O'BRIEN,
FRANCIS B. MULLIN,
HOLLIS H. SEARLES,

LEW IS C. GEHRING. Treasurer.
HOLLIS H. SEARLES, Cashier.
LOUIS P . BUCK, Assistant Cashier.

TRUSTEES

CHARLES WISSMAN,
CHAS. W. GANS.
B. P. VAN BENTHUYSEN, WM. J. ELLIOTT,
FREDERICK PAPE,
JOS. VOLLKOMMEB,
MANASSEH M ILLER.
LOUIS P. BUCK,
AUGUST HA8ENFLUG.
GEORGE P. BUSCH,
CHAS. VOLLMER,
LEW IS C. GEHRING.

FINANCIAL
RESOURCES

Bonds and m ortgages.......................
Stock and bond investments, viz.:
Stock* and bonds
United S ta te s..........................
State o f Oklahoma
Cities in other States..........
Cities in this State.............
Counties in this State..........
Towns in this State..........
Villages in this State..........
Railroad m ortgage b on d s...

Par
value
$598,872 80
10,800 00
156,000 00
44,304 88
1,000 00

77,050 00
127,479 20
431,500 00
$1,447,006 88

$2,141,900 00
Estim ated
O riginal
market value
cost
$590,457 20
$598,872 80
10,883 41
10,692 00
163,968 16
160,069 50
44,155 69
44,198 01
1,000 00
1,010 00
80,104 27
79,278 75
127,9% 44
128,702 79
421,490 00
436,857 72
$1,455,411 79 $1,444,313 85

Promissory notes .................................................................................
Other real estate, book value, $24,038.83; cost, $24,036.83;
actual cash value ...... ..................................................................
Cash on deposit in banks or trust companies...........................
Cash on h an d........................................................................................
Total of collectible interest..............................................................
Amount of all other assets, viz.:
Interest accrued on real estate contracts..................
Insurance premiums advanced........................................
U. S. T h rift Stamps...........................................................

.1,444,313 85
4,750 00
24,038
356,555
50,970
31,235

83
09
69
15

$800 00
48 25
127 20

975 45
$4,054,739 06
LIAB ILITIES

Amount due depositors, viz.:
Principal .............................................................................. $3,846,715 71
Dividends credited or to be credited for the six
months ending w ith December 31, 1918........................
66,948 37

----------------- $3,913,664 08
Other liabilities, viz.: Deposits on contracts, sale of real estate
1,130 22
Surplus on market value ................................................................
139,944 76
$4,054,739 06
Surplus on par value, $142,637.79
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day............................................
From depositors, not including dividends credited...................
From interest on loans, deposits and investments.....................
From rents from other real estate......................
From m ortgages...................................................................................
From redemption of stocks and bonds..........................................
From stocks and bonds sold (total par value, $445,310.64)..
From loans paid ...............................................................................
From real estate sold.........................................................................




$290,809
1,724,867
194,276
1,348
71,050
102,982
449,455
1,700
56,881

43
14
83
05
00
00
46
00
40

K

in g s

139

C ounty

From all other sources, viz.:
Insurance premiums advanced, refunded.....................
Profit on real estate and bonds sold...........................
From receiver o f foreclosed real estate.....................
Deposits on contract real estate sold...........................
U. S. War Savings and T h rift Stamps sold..................

ISO 80
1,721 35
45 74
1,415 46
10,263 80

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

$13,477 15
$2,906,847 46

PAYMENTS

To depositors, including dividends paid to them......................... $1,289,486 68
107,650 00
For loans on bonds and mortgages................................................
6,450 00
For loans on stocks and bonds and other securities...................
For stocks and bonds purchased, including premiums, commis­
998,502 21
sions, etc. (total par value, $1,006,198.56).............................
6,072 86
For interest (other than dividend payments to depositors). .
For current expenses of the bank, viz.:
For salaries .......................................................................
For taxes : Surplus.............................................................
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
Insurance ....................................................................
Other ............................................................................
For rent o f banking room s..............................................
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
Taxes..............................................................................
Other ..............................................................................
For other expenses, not ineluding expenses o f other
real estate nor other expenses o f banking house—

110,827 81
778 45
145 20
141 77
819 12
7, M0 00
646 52
175 13
50 00
1,765 62

22,549 62
For real estate acquired by foreclosure, or in settlement of
debts due the bank..........................................................................
Other payments, viz.:
Taxes on real estate sold ; real estate contract closed
out ....................................................................................
U. S. W ar Savings and1 T h rift Stamps........................
Insurance premiums advanced........................................

1735 24
13,108 72
79 05

Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day............................................

54,687 30

13,923 01
407,525 78
$2,906,847 46

STATISTICAL INFORMATION
Number of open accounts January 1, 1919...............................
10,058
Number of accounts opened or reopened during the year----2,144
Number of accounts closed during the year...............................
1,573
Amount deposited during the year, not including dividends
credited for that period................................................................ $1,724,867 14
Amount withdrawn during the year............................................ 1,289,486 68
Amount of dividends credited and paid for the year, viz.:
July 1,1918............................................................................
January 1, 1919....................................................................

|63,405 69
66,948 37

----------------Average amount of each account January 1, 1919...................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918....................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918............................................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts .....................
Total expenses of the bank for the year 1918 ...............................
Dividends paid to depositors for the year 1918...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors ................................................................ \ . . .




130,354 06
389 11
4
4
$190,376 60
22,639 43
130,354 06
37,383 11

140

R

eport

oh

S a v in g s B

anks

53. THE SOUTH BROOKLYN SAYINGS INSTITUTION, BROOKLYN
[160-162 A tlantic avenue; incorporated 1850]
W ILLIAM J. COOMBS, President.
CLARENCE 8. DUNNING, Treasurer.
WALTER M. AIRMAN, Vice-President.
JACOB STEINER, Com ptroller.
ALBRO J. NEWTON, Vice-President.
BERNARD A. BURGER, Secretary.
JOHN J. P1ERREPONT, Vice-President

TRUSTEES
W ALTER M. AIRMAN,
PERCY S. MALLETT,
CHARLES A. BOODY,
EDGAR MCDONALD,
W ILLIAM J. COOMBS,
ALBRO J. NEWTON,
ISAAC H. CARY,
W ILLIAM L NEWTON,
CHARLES B. DENNY,
JOHN J. PIERREPONT,
CLARENCE S. DUNNING, BOBT. L PIERREPONT,
J. MORTON HALSTEAD, JACOB STEINER,
DAVID H. IANM AN,
JOSEPH H. SUTPHIN,
G. POSTER SM ITH,

HENRY N. W HITNEY.
JOHN T. UNDERWOOD,
D. IRVING MEAD,
ARNOLD W. SHERMAN,
BERNARD A . BURGER,
JOS1AB O. LOW.
HIRAM B. STEELE,
JOSEPH W. GREENE, 3*.
WM. H. CARY.

FINANCIAL
RESOURCES

Bonds and mortgages....................... ................................................. $10,786,575 00
Stock and bond investments, viz.:
Par
Stocks and bonds
value
United States .......................... $4,251,460 00
State o f New York..................
400,000 00
sta te o f M aryland..................
75,000 00
21,000 00
State-of M issouri.....................
State o f Tennessee..................
200,000 C
O
Cities in other States........... 2,744,420 00
Cities in this State............... 4,800,200 00
Counties In this State........
305,500 00
Towns in this State...............
13,000 00
Villages in this State............
116,000 00
School districts in this State
29,000 00
R ailroad m ortgage bonds.... 4,596,000 00

O riginal
Estim ated
cost
market value
$4,251,450 00 $4,251,450 00
415,662 50
412,000 00
76, are 00
74,250 00
20,410 11
20,580 00
199,625 76
198,800 00
2,839,590 01 2,730,935 00
4,957,735 77 4,711,020 75
319,982 47
302,192 50
13,682 60
12,870 00
120,292 64
116,860 00
30,357 40
29,6% 00
4,814,361 69 3,956,210 00

$17,551,570 00 $18,058,425 85 $16,816,753 26

10,816,753 25
Promissory notes ...............,................................................................
Banking house and lot, book value, $75,000; cost, $198,000;
actual cash value........ i ..................................................................
Other real estate, book value, $157,250; cost, $180,058.59;
actual cash v a lu e.............................................................................
Cash on deposit in banksor trust companies............................
Cash on hand ..........................
Total of collectible interest..............................................................

6,000 00
75,000 00
157,250. 00
1,806,271 84
78,870 00
343,909 25
$30,070,629 34

LIAB ILITIES

.............------------

Amount due depositors, viz.:
Principal ........... - ................................................................ $26,225,319 22
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.....................
492,601 37

----------------- $26,717,920 59
Other liabilities, viz.:
Liberty Bond deposits........................................................
D eposit on contract, sale o f real estate........................

$162,267 11
600 00

162,767 11
3,189,941 64

Surplus on market value

$30,070,629 34
Surplus on par value $3,924,758.39.
..... ..
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day............................................$3,138,210 26
From depositors, not including dividends credited..................... 6,135,097 22
From interest on loans, deposits and investments....................
1,273,166 66
From rents from banking house......................................................
915 00
From rents from other real estate................................................
21,288 61
From m ortgages...................................................................................
418,760 00
From redemption of stocks and bonds............................................ 3,963,150 00
From stocks and bonds sold (total par value, $1,583,300)..
1,583,300 00




K

in g s

141

C oun ty

From loans paid .................................................................................
From real estate s o ld .......................................................................
From all other sources, viz.:
Liberty Bond installm ents from subscribers..............
Suspense account, adjustm ent o f cash over and
snort .................................................................................
Profit sale o f “ other real estate ” .................................
Collected on deficiency judgm ent.....................................
D eposit on land con tract.................................................

$1,000 00
44,450 00

$385,691 36
270 00
550 00
1,323 35
500 00

------------------------------------ 388,334 70
$16,907,672 45

PAYMENTS

—

... : :.... =
.

To depositors, including dividends paid to them......................... $6,277,577 03
67,250 00
For loans on bonds and mortgages..................................................
7,000 00
For loans on stocks and bonds and other securities...................
For stocks and bonds purchased, including premiums, commis­
8,350,703 31
sions, etc. (total par value, $8,352,500).......................................
5,089 84
For interest (other than dividend payments to depositors) . .
For current expenses of the bank, viz. :
For salaries .......................................................................
For ta x es: Banking house, $1,825.85; surplus, $27,742.40; on m ortgages, $240.00......................................
For expenses, except tax®!, o f banking house:
Repairs ...........................................................................
Other ............................................................................
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
Insurance ......................................................................
Taxes ............................................................................
Other ............................................................................
F or other expenses, not including expenses o f other
real ©state nor otherexpenses o f banking house..

$63,075 82
26,808 25
663 34
4,854 26
5,962
424
8,427
3,705

45
38
14
89

25,889 39

139,810 92
For real estate acquired by foreclosure, or. in settlement of
debts due the bank........................................................................
Other payments, viz.:
Liberty Bond installm ents payments com pleted....
Suspense account, adjustm ent cash over and sh ort..
Deposit on land contract transferred to “ other real
estate ” accou n t; adjustm ent errors in depositor’s
a cco u n t............. ................................................................

9,042 29

$223,424 24
481 00
151 98

224,057 22
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day...........................................

1,885,141 84
$16,967,072 45
STATISTICAL INFORMATION
= = = = =
Number of open accounts January 1, 1919...................................
37,405
Number of accounts opened or reopened during the year----5,587
Number of accounts closed during the year...............................
7,051
Amount 'deposited during the year, not including dividends
credited for that period................................................................ $6,135,097 22
Amount withdrawn during the year.............................................. 6,277,577 03
Amount of dividends credited and paid for the year, viz.:
July 1. 1918..........................................................................
January 1, 1919......................................................................

$488,081 04
492,601 37

----------------980,682
Average amount of each account January 1, 1919.......................
714
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918......................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918.......................: .....................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts..............................$1,299,718
Total expenses of the bank for the year 1918...............................
177,503
Dividends paid to depositors for the year 1918...........................
980,682
Net earnings for the year 1918 over expenses and dividends
paid to depositors ..........................................................................
141,532




41
29
4
4
75
76
41
58

142

R

04.

eport

on

S a v in g s B

anks

SUMNER SAYINGS BANK, BROOKLYN
[12 Graham avenue; Incorporated 1906]

ARTHUR S. SOMERS. President.
NATHAN S. JONAS. Vice-President.

JOHN D. H_ SCHULZ, V ice-President
WALLACE L. CONNER. Secretary.

TRUSTEES
NATHAN S. JONAS,
RALPH JONAS,
EDWARD LAZ AN SKY,
BEN. LEVY.
CHAS. LYON,
MATTHEW T. MEAGHER,
S. B. KRAUS.

CHARLES A. GORMAN,
W ALTER GRETRCH.
JOHN D. H . SCHULZ.
EUGENE T. TROTTER,
E. S. POWELL. JR.,
LOUIS CHARLES WILLS.
GEORGE W. BAKER.

HENRY NEWMAN,
BENJ. a ROTH,
ARTHUR 8. SOMERS,
VICTOR B. WOLE,
MOSES BERNSTEIN,
CARL BAUER,

FINANCIAL
RESOURCES

$609,875 00

Bonds and mortgages
stocks and bonds

en ts, v iz .:
Par
value

State o f New Y ork........... .
Cities In this State........
R ailroad m ortgage bonds.....

5,009 00
118,000 00
345,000 00
$786,417 68

Estimated
Original
cost
market value
$317,960 68
$318,417 68
6,050 00
5,050 00
114,986 87
114, M0 00
290,700 00
316,531 25
$754,528 80

$728,377 68

728,377
83,508
22,146
11,030

Cash on deposit in banks or trust companies
Cash on h a n d ......................................................
Total of collectible interest.............................

68
33
21
74

$1,455,927 90
LIAB ILITIES

Amount due depositors, viz.:
Principal .............................................................................. $1,406,241 03
Dividends credited or to be credited for the six
months ending w ith December 31, 1918........................
23,614 61

----------------- $1,429,855 54
Other liabilities, viz.: Expenses incurred, but unpaid, rent----025 00
Surplus on market Value..................................................................
25,447 42
$1,455,927 96
Surplus on par value, $83,487.42.
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day............................................
From depositors, not including dividends credited-...................
From interest on loans, deposits and investments.......................
From rents from banking house.....................................................
From mortgages...................................................................................
From redemption of stocks and bonds..........................................
Fran stocks and bonds sold (totalpar value, $153,800)............
From all other sources, viz.:
Liberty Bond payments by subscribers........................
P rofit bond subscription cancellations; tellers’ cash
o v e r; error and refund..................................................
Insurance premiums advanced, refunded.....................




$114,812
773,866
62, 094
285
26,125
130,000
153,800

08
72
98
00
00
00
00

$18,603 00
890 47
171 24

------------------------------------ 19,664 71
$1,280,648 49

K

in g s

1 43

C oun ty

PAYMENTS

To depositors, including dividends paid to them.......................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $528,017.68).................................
For interest (other than dividend payments to depositors). .
For current expenses of the bank, viz.:
For salaries .......................................................................
For expenses, except taxes, o f banking house:
Repairs .........................................................................
Insurance ......................................................................
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..

$607,873 29
549,261 93
1,557 21

$5,132 31
310 32
16 20
1,876 00
3,680 00

11,013 83
Other payments, viz.:
Liberty Bonds purchased for subscribers.....................
Insurance premiums advanced........................................
Tellers’ cash sh ort; refunds bond subscription can­
cellations ........................................................................

$4,450 00
199 84
647 85

5,197 69
Gash on hand and in banks or trust companies December 31,
1918, after transactions of the day..............................................

105,744 54
$1,280,648 49

STATISTICAL INFORMATION
Number of open accounts January 1, 1919...................................
Number of accounts opened or reopened during the year..........
Number of accounts closed during the year....................... ........
Amount deposited during the year, not including dividends
credited for that period.......... .....................................................
Amount withdrawn during the year................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1918...........................................................................
January 1, 1919....................................................................

$773,866 72
607,873 29

$22,355 06
23,614 51

Average amount of each account January 1, 1919...................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of record
or of a surrogate............................................................................
Total amount of such accounts..................................... ..................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918......................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918............................................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts...........................
Total expenses of the hank for the year 1918...............................
Dividends paid to depositors for the year 1918...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors ...........................................................................




5,192
3,115
2,767

45,969 51
275 39

8
$26,900 65
4
4
$63,572 65
11,638 83
45,969 51
5,964 31

144

R

eport

on

S a v in g s B

anks

89. THE WILLIAMSBURGH SAVINGS BANK, BROOKLYN
[175 Broadway • Incorporated 1861]
ANDREW D. BAIRD, President.
SAMUEL M. MEEKER, Vice-President.
JOHN V. JEW ELL, Vice-President.
VICTOR A . LERSNBR, Com ptroller.

EDWARD T . H O RW ILL Secretary.
CHARLES J. P A S ilE L D , Casbler.
HENRY B. KINSEY, A sst. Com ptroller.

TRUSTEES
ANDREW. D. BAIRD,
SAMUEL M. MEEKER,
JAMES H . POST,
JAS. F. BENDERNAGEL,
WINKHROP M. TUTTLE,
FREDERICK D. MACKAY

PAUL 1 . BONNER,
EDWARD E. PEARCE,
ALBERT S. RICHEY,
RALPH H. TIEBOUT,
FRANCIS W. YOUNG.

JOHN V . JEW ELL,
EDWARD T. HORWILL*
ALFRED ROMER,
WELDING RING.
HERBERT F. GUNNISON,

FINANCIAL
RESOURCES

.$46,743,975 00

Bonds and mortgages....................................................
Stock and bond investments, viz.:
Par
Stocks and bonds
value
United States ........................ 18,925,750 00
State o f New York....... 1,666,760
00
State o f A rizona.............
100,000
00
State o f M assachusetts........
429,000 00
State o f New M exico............
219,000 00
State o f Oklahoma................ ;
46,200 00
State o f Tennessee...............
635,000 00
State o f Utah........................
100,000 00
Cities in other States........ 12,517,000 00
Cities in this State............... 13,428,266 59
Counties in this State.......... 277,075 00
Towns in this State.......
253,260
00
Villages in this State............
123,000 00
School districts in this State
41,500 00
Railroad m ortgage bonds- 4,638,968 00

Estim ated
Original
market value
cost
*$,926,75000 $8,925,750 00
1,718,47764 1,668,826 25
102,000 00
. 101,089 00
390,390 00
450,30346
231,030 00
226,75979
46,836 99
45,738 00
657,400 00
667,96796
103,75000 102,000 00
13,270,22062 12,427,831 00
14,635,29640 13,382,401 42
281,280 38
286,57607
262,65173
259,332 50
124,270 00
126,54769
43,35898
42,122 60
4,368,972 48
4,942,118 02

.

$43,400,759 69 $45,807,703 34 $43,009,344 53

Promissory n o te s.................................................................................
Banking house and lot, book value, $250,000; cost, $689,000;
actual cash value.............................................................................
Other real estate, book value, $149,562.66; cost, $155,880.35;
actual cash value.............................................................................
Cash on deposit in banks or trust companies.............................
Cash on hand................................. .......................................................
Total of collectible interest................................................................
Amount of all other assets, viz.:
Insurance on bonds and m ortgages.
Canaseraga Creek improvement........

43,009,344 53
6,033 00
250,000 00
149,562
3,702,811
513,035
791,509

66
98
63
64

$1,953 65
27,964 47

$95,196,190 56
LIABILITIES

Amount due depositors, viz.:
Principal .............................................................................. $81,181,465 72
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1918....................... 1,521,557 66

--- ---------------$82,703,023 38
Other liabilities, viz.: Liberty Bond deposits................................
392,275 00
Surplus on market value ............................. ; ................................. 12,100,892 18
$95,196,190 56
Surplus on par value, $12,492,307.24.
■==zz=z=zzzz^:zzz
CASH TRANSACTIONS BURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day........................................$5,928,878 16
From depositors, not including dividends credited................... 16,994,192 46
From interest on loans, deposits and investments................... 4,220,681 50




K

From
From
From
From
From
From
From

in g s

C

145

oun ty

$14,112
1,085,897
3,545,208
2,057,706
5,500
30,240

rents from other real estate.................................................
m ortgages..................................................................................
redemption of stocks and bonds........................................
stocks and1 bonds sold (total1 par value, $1,946,300)...
loans paid ................................................................................
real estate sold........................... ..— ......................................
all other sources, viz.:

Liberty Bond payments by subscribers........................ $2,729,759 00
Insurance premiums advanced, refunded.....................
2,721 55
Inspection o f mortgage loans.........................................
268 oo

69
00
33
25
00
80

2,732,748 55
$36,624,165 74

PAYMENTS

$17, 969,332 86
To depositors, including dividends paid to them----For loans on bonds and mortgages...............................
1 , 032,247 00
11,533 00
For loans on stocks and bonds and other securities
For stocks and bonds purchased, including premiums, commis
12, 951,500 00
sions, etc. (total par value, $12,961,500).............................
25,188 20
For interest (other than dividend payments to depositors) .
For current expenses of the bank, viz.:
For salaries .......................................................................
For taxes: Banking house, $9,349.73; surplus, $98,515.07 .....................................................................................

For expenses, except taxes, o f banking house:
Repairs ...........................................................................
Insurance ....................................................................
Other ..............................................................................
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
Insurance ....................................................................
Taxes ..............................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$148,518 16
107,894 80
3, 694 86
80 70
3,807 97
27,105 98
959 67
6,925 78
72,739 04

369,726 96
For real estate acquired by foreclosure, or in settlement of
debts due the bank........................................................................
Other payments, viz.:
Liberty Bond payments for subscribers........................

$22,023 00

Cash short ...........................................................................

23,658 82

517 55

Insurance premiums advanced..........................................

2,

74

25,131 29
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day...........................................

4 ,215,847 61

$36,624,165 74
STATISTICAL INFORMATION
Number of open accounts January 1, 1919.................................
112,998
Number of accounts opened or reopened during the y ear...
12,820
Number of accounts closed during the y ear..
„
12,335
Amount deposited during the year, not including dividends
credited for that period................................................................ $16,994,192 46
Amount withdrawn during the year............................................ 17,969,332 86
Amount of dividends credited and paid for the year, viz.:
July 1, 1918........................................................................... $1,519,968 00
January 1, 1919................................................................... 1,521,567 66

3,041,525 66
Average amount of each account January 1, 1919.......................
731 89
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918....................................................................
4
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918..............................................................
4
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts........................... $4,130,038 95
Total' expenses of the bank for the year 1918...........................
450,847 48
Dividends paid to depositors for the year 1918........................... 3,041,525 66
Net earnings for the year 1918 over expenses and dividends
paid to depositors ......................... ...............................................
637,665 81




MADISON COUNTY
88.

ONEIDA SAVINGS BANK, ONEIDA
[103-105 Main street; incorporated 1866]

EUGENE E. COON, President
HARRISON W. COLEY, V ice-President

IRA. I* SNELL. V ice-President
H. L. BALDW IN, Treasurer.

TRUSTEES
EUGENE E. COON,
IRA L. SNELL.
THEQ. P. HAND,
HOLTON V. NOYES,
E. LELAKD HUNT,

HARRISON W. COLEY,
JOHN W. GREGG.
GEO. A. MARCBLLUS,
ANTHONY B. MUNBOE,

HOWARD L. BALDW IN,
RHODY TOHER,
FREDERICK A . GARVIN,
WALCOTT D. BARTLETT,
W ILLIAM M. BALLARD.

FINANCIAL
RESOURCES

Bonds and mortgages.......................
Stock and bond investments, viz.:
Stocks and bonds
United States ........................
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
*254,350 00
225,000 00
378,467 60
132,000 00
3,500 00
126,800 00
71,125 00
432,000 00
*1,621,242 60

.......................................

$2,331,146 71

O riginal
Estim ated
cost
market value
*254,350 00
*254,36000
229,306 49
220,64000
388,316 48
368,39046
134,344 80
129,83000
3,800 00
3,32500
129,297 68
124,65400
74,186 97
71,83000
440,689 25
351,02000
*1,663,991 63

*1,524,039 46

1,524,039 46
Banking bouse and lot, book value, $28,000; cost, $54,351.61;
actual cash value.............................................................................
Other real estate, bode value, $24,502.90; eost, $26,322.04;
actual cash value ..................................... , ..................................
Cash on deposit in banks or trust companies.............................
Cash on band .......................................................................................
Total of collectible interest..............................................................
Amount of all other assets, viz.:
Land contracts ..................................................................
Insurance premiums and taxes advanced.....................
Liberty Bonds
................................................................

28,000 00
24.592
198,315
56,641
81,363

90
12
35
52

*12,381 44
263 14
28,444 00

41,088 5S
$4,285,187 64
LIAB ILITIES

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

Amount due depositors, viz.:
Principal .............................................................................. *3,863,899 52
Dividends credited or to be credited for the six
months ending with December 31, 1918........................
74,425 32

----------------- $3,938,324 84
Other liabilities, viz.: Mortgage suspense...................................
277 46
Surplus on market value................................................................
346,585 34
$ 4 ,2 8 5 ,1&7 64
Surplus on par value, $443,788.48.
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1018, before transactions of the day............................................
From depositors, not including 'dividends credited...................
From interest on loans, deposits and investments..................
From rents from banking house................
From rents from other real estate.................................................
From m ortgages...................................................................................
From redemption of stocks and bonds.........................................
From real estate sold.........................................................................
[146]




$293,597
962,066
104,769
616
2,112
152,471
88,970
4,047

61
96
93
90
75
55
95
31

147

M adison C ounty
F rom a ll oth er sources, v iz .:
Liberty Bond payments by subscribers........................
M ortgage suspense account...........................................
Payments received on land contracts...........................
Insurance premiums and taxes advanced, refunded
Suspense; profit and loss.................................................

$241,960 62
6,319 79
1,814 06
633 97
1,371 51

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

$251,089 95
$1,951,543 91

PAYMENTS

To depositors, including dividends paid to them........................... $1,170,937 62.
For loans on bonds and mortgages................................................
70,971 54
For stocks and bonds purchased, including premiums, commis­
190,900 00
sions, etc. (total parvalue,$190,900).........................................
For interest (other thandividendpayments to depositors). .
425 10
For current expenses of the bank, viz.:
For salaries ........................................................................
For taxes: Banking house, $967.32;surplus, $3,092.04.
For expenses, except taxes, of banking h ouse:
Repairs ...........................................................................
Insurance ......................................................................
Other ..............................................................................
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
Insurance .....................................................................
Taxes ..............................................................................
Other ..............................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ouse..

$8,132 00
4,05936
826 31
198 35
1,453 13
1,639 79
162 25
854 79
59 02
2,113 18

------------------------------------ 19,498 18
For real estate acquired by foreclosure, or in settlement of
debts due the bank.......................................................................
2,496 31
Other payments, viz.:
Liberty Bond accounts....................................................
Mortgage suspense account..............................................
Land contracts....................................................................
Insurance premiums and taxes advanced...................
Suspense; profit and loss.................................................

$228,047 39
6,266 04
5,300 00
604 76
1,140 51

--------------- _
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day............................................

241,358 69
254,956 47
$1,951,543 91

STATISTICAL INFORMATION
Number of open accounts January 1, 1919...................................
Number of accounts opened or reopened during the year___
Number of accounts closed during the year...............................
Amount deposited during the year, not including dividends
credited for that period................................................................
Amount withdrawn during the year.............................................
Amount of dividends credited and paid for the year, viz.:

9,674
1,467
1,486
$962,066 96
1,170,937 62

July 11918..............................................................................
$75,842 04
January 1, 1919....................................................................
74,426 32
Credited at other periods......................................................
1,18791

----------------Average amount of each account January 1, 1919 .....................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918 ..................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918............................................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1918...............................
Dividends paid to depositors for the year 1918...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors.............................................................................




151,455 27
407 10
4
4
$206,602 41
19,498 18
151,455 27
35,648 96

MONROE COUNTY
57. THE EAST SIDE SAYINGS BANK OF ROCHESTER, ROCHESTER
[233 Main street, E a st; incorporated 1869]
W. HENRY MATHEWS, President,
W ILLIAM BAUSCH, Vice-President.

ALEX. B. LAMBERTON. ViCfrPres.
AUSTIN C. JACKSON, Treasurer.

TRUSTEES
CASSIUS C. DAVY,
W. HENRY MATHEWS.
ALEX. B. LAMBERTON,
AUSTIN C. JACKSON,

W ILLIAM BAUSCH.
FRANK A. BROWNELL,
CHARLES A. GREEN,
W ILLIAM H. DUNN,

V . F . WHITMORE,
JOHN H. ENGERT.
CHA8. H. OCUMPAUOn,
FRED’ K A. SHERWOOD.

FINANCIAL
RESOURCES

Bonds and mortgages ...........................
Stock and bond investments, viz.:

......................................... $10,265,998 00

Par
Stocks and tends
value
United States ........................ $1,817,560 19
D istrict o f Colum bia,..........
100,000 00
State o f M assachusetts........
150,000 00
State o f W yoming..................
5,000 00
100,000 00
State o f A la b a m a ...............
State o f M aryland..................
200,000 00
Cities in other States...........
102,000 00
Cities in this State.................. 2,509,760 00
Railroad mortgage bonds—
400,000 00

Original
Estim ated
cost
market value
$1,817,560 19 $1,817,560 19
81,171 25
101,00000
158,259 60
. 135,000C
O
6,850 00
5,65000
106,800 00
98,00000
198,380 90
198,00000
100,980 00
95,34000
2,544,599 00
2,461,916 70
406,312 50
336,00000

$5,384,320 19

$5,420,913 44

$5,238,526 89

5,238,526 89
Banking bouse and lot, book value, $120,000; cost, $120,350.81; actual cash value..............................................................
Other real estate, book value, $666.22; eost, $666.22; actual
cash value .........................................................................................
Cash on deposit in banks or trust companies.............................
Cash on hand .....................................................................................
Total of collectible interest ............................................................
Amount of all other assets, viz.: U. S. Thrift Stamps...............

120,000 00
666
888,527
69,858
147,841
1,209

22
76
69
74
00

$16,732,628 30
LIAB ILITIES

Amount due depositors, viz.: Principal............................................... $15,714,389 02
Other liabilities, viz.:
Liberty Bond deposits........................................................
Dividends accrued on deposits to January 1, 1919....
Expenses incurred, but unpaid, taxes accrued...........

Surplus on

$173,403 66
48,426 73
9,353 15

------------------------------------- 231,183 54
market value......................................................................
787,055 74
$16,732,628 30

Surplus on par value, $032,849.04.
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in hanks or trust companies January 1,
1918, before transactions of the day............................................ $1,123,665 11
From depositors, not including dividends credited..................... 4,822,424 03
From interest on loans, deposits
and investments..............
738,243 16
From rent® from banking house.....................................................
5,764 00
From mortgages...................................................................................
318,021 00
From redemption of stocks and bonds...........................................
793,882 05
From stocks and bonds sold (total par value,$818 ,731 .18 )...
818,731 18




[ 148]

^

M

onroe

1 49

C oun ty

Prom all oth er sources, v iz .:
Liberty Bond payments by subscribers........................
Insurance premium advanced, refunded; expense
item refu n ded.................................................................
U. 8. T h rift Stamps sold.................................................

$450,213 11
7113
3,694 25

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

$453,87S 49
$9,074,609 02

PAYMENTS

.............

To depositors, including dividends paid to them......................... $4,611,910 59
411,550 00
For loans on bonds and mortgages..................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $2,736,611.37)................................ 2,736,622 00
For interest (other than dividend payments to depositors)..
3,439 20
For current expenses of the bank, viz.:
For salaries .......................................................................
For taxes: Banking house................................................
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
Insurance ....................................................................
Other ............................................................................
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
Insurance ....................................................................
For other expenses, not including expenses o f other
real estate nor otherexpenses o f banking house..

$27,327 32
14,532 96
312 30
716 71
6,898 30
241 70
128 70
19,205 96

68,363 95
For real estate acquired by foreclosure, or in settlement of
debts due the bank..........................................................................
Other payments, viz.:
W ithdrawals from Liberty Bond accounts..................
U. 8. T h rift Stamps...........................................................
Tellers’ suspense account charged off...........................

666 22

$278,774 04
4,803 25
93 32

283,670 61
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day............................................

958,386 45

$9,074,609 02
STATISTICAL INFORMATION
= = = = =
47,578
Number of open accounts January 1, 1919.................................
Number of accounts opened or reopened during the y ear.. . .
7,831
Number of accounts closed during the year...............................
9,386
Amount deposited during the year, not including dividends
credited for that period................................................................ $4,822,424 03
Amount withdrawn during the year................................................ 4,611,910 59
Amount of dividends credited and paid for the year, viz.:
June 1, 1918...........................................................................
December 1, 1918.................................................................
Credited at other periods.................................................

$284,285 59
286,801 35
5,888 30

Average amount of each account January 1, 1919...................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of record
or of a surrogate............................. .................................................
Total amount of such accounts........................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918 ....................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918 ............................................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts.......................
Total expense of the bank for the year 1 9 1 8 ...............................
Dividends paid to depositors for the year 1 9 1 8 ...... ................
Net earnings for the year 1918 over expenses and dividends
paid to depositors .........................................................................




576,975 24
330 28

1
$3,120 69
4
4
$735,556 22
68,688 95
578,939 83
87,927 44

150

R

eport

on

S a v in g s B

anks

58. MECHANICS SAVINGS BANK, ROCHESTER
[IS Exchange street; incorporated 186?]
ADELBERT P. LITTLE, President.
WILMOT CASTLE. Treasurer.
W ILLIAM B. SEW AB0, Vice-President.
FEDOR WILL1MEK, Asst. Secretary.
WILLIAM B. HALE, Vice-President.

TRUSTEES
JOHN J. BAUSCH.
ADELBERT P. LITTLE,
W ILLIAM R. SEWARD,
LOUIS J. ERNST,
JAMES H. BOUCHER,

WENDELL J. CURTIS,
JOHN S. BRONK,
CHAS. C. BEAHAN,
W ILLIAM KARLS,
MORRIS D. K N APR
W ILLIAM B. HALE,
GEORGE W . ROBISON,
W ILMOT CASTLE,
JAMES T. HUTCHINGS, JAMES C. CLEMENTS.

FINANCIAL
RESOURCES

Bonds and m ortgages.....................
Stock and bond investments, viz.:
Stocks and bonds
United States ........................
State o f M assachusetts........
Cities in other States...........
Cities in this State...............
Counties in this State...........
Villages in this State...........
School districts in this State
Railroad mortgage bonds—

Par
value
8809,260 00
16,000 00
180,000 00
601,600 00
85,000 00
62,000 00
65, ?6© 00
616,000 00
*2,343,500 00

$3,425,950 00
Estimated
Original
market value
cost
8809,094 00
*809,098 00
12,000 00
12,796 60
182,168 91
177,000 00
471,572 50
608,623 19
36,000 00
36,964 86
63,625 00
63,762 70
68,380 32
67,560 63
552,860 00
667,51? 40
*2,349,297 88

*2,189,716 13

Promissory notes .................................................................................
Banking house and lot, book value, $75,000; exist, $94,684.16;
actual cash v a lu e .............................................................................
Other real estate, book value, $6,222.59; cost, $6,222.59; actual
cash value .........................................................................................
Cash on deposit in banks or trust companies...........................
Cash on hand .....................................................................................
Total erf collectible interest ............................................................
Amount of all other assets, viz.: Taxes advanced...................

2,189,716 13
1,280 00
75,000 00
6,222
201,523
32,937
55,812
2,773

59
63
20
35
84

$5,991,215 74
LIAB ILITIES

...-...........................

Amount due depositors, viz.:
Principal .............................................................................. *4,868,142 04
Dividends credited or to be credited for the six
months ending w ith November 30, 1918.....................
95,344 35

----------------- $4,963,486 39
Other liabilities, viz.:
Dividends accrued on deposits to January 1. 1919—
Expenses incurred, but unpaid, taxes accrued.............
B ills payable — Liberty Bond loans..............................

*15,890 72
1,377 16
700,000 00

----------------Surplus on market value ................................................................

717,267 88
310,461 47
$5,991,215 74

Surplus O par value, $464,245.34.
U
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day ........................................
From depositors, not including dividends credited.......................
From interest on loans, deposits and investments.......................
From rents from banking house ....................................................
From rents from other real e sta te ..........................
From mortgages .................................................................................
From redemption of stocks and bonds..........................................
From stocks and bonds sold (total par value, $716,900)...........




$187,619
1,659,134
264,777
567
2,923
119,750
39,307
716,900

08
80
86
60
50
00
65
00

M

onboe

151

C oun ty

$4,000 00
47,000 00

From loans paid . . .
From real estate sold
From all other sources, viz.;
Liberty Bond loans, bills payable..................................$1,425,000 00
Taxes advanced, refunded..............................................
7,538 01
Land contract ....................................................................
2,350 00
Receipts, sale o f old m a teria l........................................
8 00

1,434,896 01
$4,476,876 50

PAYMENTS

..............: ..=====
.

$1,977,847 25
To depositors, including dividends paid to them ..
60,200 00
For loans on bonds and m ortgages..........................
5,280 00
For loans on stocks and bonds and other securities
For stocks and bonds purchased, including premiums, commis­
1,002,394 00
sions, etc. (total par value, $1,002,550) ...................................
For interest (other than dividend payments to depositors). .
18,265 01
For current expenses of the bank, viz.;
For salaries ........................................................................
For taxes: Banking house, $1,574.83; surplus, $2,754.33 .................................................................................
For expenses, except taxes, of banking house:
Repairs ...........................................................................
Insurance ......................................................................
For expenses o f other real estate, v iz :
Insurance ......................................................................
Taxes .............................................................................
Other ...................................................... .....................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$19,105 77
4,329 16
111 10
185 90
176 00
1,301 03
107 00
7,900 64

33,216 60
For real estate acquired by foreclosure, or in settlement of
debts due the bank ........................................................................
Other payments, viz.:

7,610 90

B ills payable, paid on Liberty Bond loans..................$1,130,000 00
Taxes advanced ...............................................................
7,460 48
E rror Christmas C lu b; cash short..................................
141 43

1,137,601 91
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the d a y ............................... : ..........
STATISTICAL INFORMATION

234,460 83

$4,476,876 50
= = = = =

Number of open accounts January 1, 1 9 1 9 ...................................
18,420
Number of accounts opened or reopened during the year...........
11.566
8,709
Number of accounts closed during the y e a r ...............................
Amount deposited during the year, not including dividends
for that period ................................................................................. $1,659,134 80
Amount withdrawn during the year ...........................................
1,977,847 25
Amount of dividends credited and paid for the year, viz.:
.Tune 1. 1918...........................................................................
December 1, 1918.................................................................
Credited at other periods.................................................

$97,163 35
95,261 92
346 59

Average amount of each account January 1, 1 9 1 9 ...................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918 ....................................................................
Rate per Gent, of dividends to depositors during the six months
ending December 31, 1918 ............................................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1 9 1 8 ...............................
Dividends paid to depositors for the year 1918 .......................
Net earnings for the year 1918 over expenses and dividends
paid to depositors ................................. ' . ...................................




192.771 86
215 17
4
4
$255,473 64
•32,190 09
192.771 86
30,511 69

15 2

R

eport

our S a v i n g s B

anks

89. MONROE COUNTY SAYINGS BANE, ROCHESTER
[33-35 State street; Incorporated 1850]
JAMES E. BOOTH, President.
ALE X. M. LINDSAY, Vice-Pres.
RUFUS K. DRYER, Vice-President.
WM. CARSON, Treasurer.
FRANK C. FENN, CasUier.

TRUSTEES
AM ES E . BOOTH,
UFUS K . DRYER.
ALEX. M. LINDSAY,
CYRUS P. PAINE.
HENRY A. STRONG,

W ILLIAM
PHAR. V.
EDWARD
W ILLIAM

B. LEE,
CRITTENDEN,
BAUSCH.
CARSON,

MARTIN P. BRISTOL,
JOSEPH MICHAELS,
WM. A. HUBBARD, J r.,
W ILLIAM C. BARRY,
W ILLIAM V . HAMILTON.

FINANCIAL
RESOURCES

.$17,800,756 18

Bonds and mortgages ...........................
Stock and bond Investments, viz.:
Stocks and bonds
United States ........................
State o f New York...............
State o f M assachusetts........
State o f Tennessee..................
Cities in other States............
Cities in this State...............
Counties in this State........
Towns in this State............. .
Villages in this State...........
Railroad mortgage bonds—

Par

value

$1,992,250 00
500,00000
350, C O00
O
176,000 00
2,310,500 00
1,548,000 00
215,000 00
48,000 00
87,600 00
2,917,000 00

Original
Estim ated
market value
cost
$2,010,761 00 $1,995,522 00
503.000 00
502,625 00
303.000 00
372,250 00
184,800 00
188,979 14
2,237,882 60
2,387,221 39
1,488,430 00
1,616,878 52
217.025 00
216,644 50
48,240 00
49,575 00
88,308 00
89,244 23
2,404,490 00
3,064,253 75

$10,144,350 00 $10,488,438 53

$9,470,697 50

9,470,697 50
Banking house and lot, book value, $100,000; cost, $100,000;
actual cash value .............................................................................
Other real estate, book value, $7,024.81; cost, $7,024.81; actual
cash value .........................................................................................
Cash on deposit in banks or trust companies...........................
Cash on band .....................................................................................
Total of collectible interest ............................................................
Amount of all other assets, viz. s U. S. Thrift S tam ps...........

100,000 00
7,024
729,726
271,975
503,223
467

81
89
42
27
59

$28,883,871 66
LIAB ILITIES

==================

Amount due depositors, viz.:
Principal ...........................................................................$24,878,036 08
Dividends credited or to be credited for the six
months ending with December 31, 1918.....................
492,701 33

-----------------$25,370,737 41
Other liabilities, viz.:
B ills payable and accrued interest on same...............$1,301,396 86
Dividends accrued on deposits to January 1, 1919—
82,800 00
Expenses incurred but unpaid — Taxes........................
12,000 00

----------------Surplus on market value ................................................................
Surplus on par value, $2,790,589.89.

1,396,196 86
2,116,937 39
$28,883,871 66
=====

CASH TRANSACTIONS DURING THE YEAR 1918




gggssssss

RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day........................................ $1,269,738
From depositors, not including dividends credited..................... 5,083,034,
From interest on loan®, deposits and investments.....................
1,337,878
From rente from banking bouse......................................................
583
From rente from other real estate................................................
214
From m ortgages...................................................................................
436,425
From redemption of stocks and bonds............................................
192,600
From stocks and bonds sold (total par value,$510,000)..........
503,750
From real estate s o ld .........................................................................
18,175

M

oneoe

153

County

F rom all oth er sources, v iz .:
B ills payable ........ ...............
Land contract ......................
Profit, bonds sold ; fees........
U. S. T h rift Stamps sold—

1647, B S 00
O
6,000 00
3,643 00
2,468 62

$659,636 62
$9,502,036 23
PAYMENTS

To depositors, including dividends paid to than....................... $6,735,517 47
For loans on bonds and mortgages..................................................
64,575 00
For stocks and bonds purchased, including premiums, commis­
sion®, etc. (total par value, $875,700).......................................
870,288 00
For interest (other than dividend payments to depositors). .
40,588 64
For current expenses of the bank, viz.:
For salaries ........................................................................
For ta xes: Banking house $4,826.®; surplus, $19,706.71 .................................................................................
For expenses, except taxes, o f banking house:
Repairs .........................................................................
Insurance ......................................................................
Other ............................................................................
F or expenses o f other real estate, v iz .:
Repairs ........................................................................
Insurance ....................................................................
Taxes ..............................................................................
Other ..............................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$53,417 06
24,033 60
1,7® 74
442 48
974 37
60 ®
105 71
114 55
318 00
22,777 45

104,031 33
For real estate acquired by foreclosure, or in settlement of
debts due the bank..........................................................................
Other payments, viz.:
B ills payable ....................................................................
Loss on (bonds andreal estate sold................................
U, S. T hrift Stamps...........................................................
Cash short ........................................................................

22,109 65

$655,000 00
5,293 59
2,896 34
& 90

663,223 83
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day............................................

1,001,702 31
$9,502,036 23

STATISTICAL INFORMATION
Number of open accounts January 1, 1919.................................
36,289
3,535
Number of accounts opened or reopened during the y e a r ....
5,788
Number of accounts closed during the year...............................
Amount deposited during the year, not including dividends
credited for that period'................................................................ $5,083,034 84
Amount withdrawn during the year............................................. 6,735,517 47
Amount of dividends credited and paid for the year, viz.:
June 1, 1918...........................................................................
December 1, 1918.................................................................
Credited at other period#................................................

$496,298 69
486,338 84
13,227 06

995.864 49
692 00
Average amount of each account January 1, 1919.....................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918......................................................................
4
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918............................................................
4
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts......................... $1,314,848 38
154,330 24
Total expense® of the bank for the year 1918...............................
995.864 49
Dividends paid to depositors for the year 1918.........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors.............................................................................
164,653 63




154

R

eport

on

S a v in g s B

anks

60. ROCHESTER SAYINGS BANK, ROCHESTER
[47 Main street, W est; incorporated 1831]
HAROLD P. BREW STER. President.
GRANGER A. HOLLISTER. Vtce-Prea.
JAMES S. WATSON, Vice-President.

JOSIAH ANSTICB. Vice-President.
HENRY S. HANFORD. Treasurer.
CHARLES F. TURTOJJ, Secretary.

TRUSTEES
THOS. W . FINUCANE,
HAROLD P . BREW STER,
GEORGE EASTMAN,
JAMES G. CUTLER,
W ILLIAM S. MORSE,

GRANGER A. HOLLISTER,
JAMES S. WATSON,
HIRAM W. SIBLEY.
ERICKSON PERKINS,
JOSIAH ANSTICE,

J. CRAIG POWERS,
WM. A. E. DRBSCHER,
EDWARD HARRIS,
DANIEL M. BEACH.
HENRY S. HANFORD.

FINANCIAL
RESOURCES

Bonds and mortgages .......................................................................$17,529,743 44
Stock and bond investments, viz.:
Stocks and bonds
United States ........................
State o f New York..................
State o f M assachusetts........
State o f M ississippi..............
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 b on d s....

Par
value
16,110,380 00
100,000 00
150,000 00
100,000 00
2,125,500 00
2,310,100 00
288,000 00
37,288 26
157,200 00
60,560 50
6,843,000 00

Original
Estim ated
cost
market value
16,106,412 80
$6,110,35000
101,750 00
101,00000
163,312 50
135,00000
101,345 00
100,00000
2,210,621 43
2,075,34000
2,381,743 67
2,285,95000
298,435 49
280,92000
37,652 36
37,82826
160,021 79
157,05400
62,802 22
60,69750
7,110,827 44
5,893,06000

$18,284,998 76 $18,734; 924 40 $17,236,899 76

Promissory notes .................................................................................
Banking house and lot, book value, $200,000; cost, $449,-

17,236,899 76
145,380 74

6 9 0 .4 0 ; a ctu a l cash v a lu e .................................................................

200,000 00

Other real estate, book value, $8,135; cost, $8,135; actual cash
v a lu e ....................................................................................................
Cash on deposit in banks or trust companies...............................
Cash on h an d ................................................................... ....................
Total of collectible interest..............................................................
Amount of all other assets, viz.:
Land contracts ..................................................................
Taxes and insurance advanced........................................

8,135
1,625,122
592,679
426,154

00
15
55
98

$26,645 66
651 73

27,296 79
$37,791,412 41
LIA B ILITIE S

................... ......... ..

Amount due depositors, viz.: Principal....................................... $31,073,438 14
Other liabilities, viz.:
Liberty Bond deposits...................................................... $1,085,852 38
Dividends accrued on depositsto January 1, 1919....
100,166 67
Reserve fo r taxes................................................................
14,500 00
B ills payable .................................................................... 3,100,000 00
Interest accrued Liberty Bond deposits and bills
payable ............................................................................
89,<®3 07
Insurance held pendingsettlem ent.................................
M0 00

----------------Surplus on market value.....................................................................
Surplus on par value, $3,405,301.15.

4,360,772 12
2,357,202 15
$37,791,412 41
.....................■
.....

CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cadi on hand and in banks or trust companies January 1,
1918, before transactions of the day.............................................. $1,733,445
From depositors, not including dividends credited...................
7,425,435
From interest on loans, deposits and investments....................... 1,442,336
From rents from banking house........ ...........................................
7,979




61
00
35
78

155

MONROE O o UNTY

From
From
From
From
From

rents from other realestate.....................................................
mortgages ..................................................................................
redemption ofstocks andbonds.............................................
loans paid
.............................................................................
all other sources, viz.:

$78
398,677
3,330,293
16,991

00
00
23
06

Land contracts, Insurance and taxes, appraisal fees..
$3,100 77
Insurance held pending rebuilding — bills payable.. 5,589,280 09
Liberty Loan account........................................................ 3,391,6® 56
612 00
Cash short — forged check repaid, collections...........

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

8,984,578 42
$23,339,814 45
............

PAYMENTS

To depositors, including dividends paid to them............................$6,608,951 34
For loans on bonds and mortgages..................................................
514,200 00
For loans on stocks and bonds and other securities...............
162,371 80
For stocks and bonds purchased, ineluding premiums, commis­
sions, etc. (total par value, $7,322,300)...................................
7,302,737 35
For interest (other than dividend payments to depositors)..
1,785 14
For current expenses of the bank, viz.:
For salaries...........................................................................
For ta xes: Banking house, $8,022.19; surplus, $20,801.61 .................................................................................
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
Insurance ......................................................................
Other ..............................................................................
For expenses o f other real estate, v iz .:
Insurance ......................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$76,283 33
28,823 80
6,200 12
1,674 86
13,324 36
9 90
26,483 77

------------------------------------- 150,700 14
For real estate aenuired by foreclosure, or in settlement of
debts duethe bank...........................................................................
8,135 00
Other paym ents, viz.:
Land contracts,insurance and taxes, forged check..
$5,502 46
Cash differences, fraudulent cheek cashed, check
lost ....................................................................................
2,215 42
B ills payable, Liberty Loan accounts............................... 6,365,414 11

-------------------Cash on hand and in banka or trust companies December 31,
1918, aftertransactions of the day...........................................
STATISTICAL INFORMATION

6,373,131 98
2,217,801 70

$23,339,814 45
========

Number of open accounts January 1, 1919...................................
68,810
Number of accounts opened or reopened during the year.........
12,499
Number of accounts closed during the year...............................
11,000
Amount deposited during the year, not including dividends
credited for that period................................................................ $7,425,435 00
Amount withdrawn during the year.............................................. 6,608,951 34
Amount of dividends credited and paid for the year, viz.:
June 1, 1918...........................................................................
December 1, 1918.................................................................
Credited at other periods.................................................

$562,008 10
573,645 85
8,580 39

----------------- 1,144,324 34
Average amount of each account January 1, 1919.....................
451 58
Rate per cent, of dividends to depositors during the six months
4
ending May 31, 1918........................................................................
Rate per cent, of dividends to depositors during the six months
ending November 30, 1918..............................................................
4
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts........................... $1,476,603 48
Total expenses of the bank for the year 1918 ...........................
205,208 21
Dividends paid to depositors for the year 1918....................... 1,144,324 34
Net earnings for the year 1918 over expenses and dividends
paid to depositors ...........................................................................
127,070 93




M O N TG O M ER Y C OUNTY

81. AMSTERDAM SAVINGS BANK, AMSTERDAM
[11 D ivision street; incorporated 1886]
S. H . FRENCH, President.
CHARLES E. FRENCH, Treasurer.
JAMES T. SUUDEN, Vice-President.
THOMAS MORPHY, Secretary.
SEELY CONOVER, Vice-President.

TRUSTEES
S. H. FRENCH,
BERNARD P. MACHOLD,
THOMAS MORPHY,
THOMAS MANSFIELD,
SEELY CONOVER,

W . BARLOW DUNLAP,
JAMES T . SUODEN,
C. VAN BOREN,
CHARLES E. FRENCH,
W ILLIAM J. KLINE,

NATHAN B. SMITH.
ROBERT J. LINDSAY,
W . C. SCHAUFLER,
JAMES A. HAYS,
THOMAS F . KENNEDY.

FINANCIAL
RESOURCES

Bonds and mortgagee............................... ......................................... $3,538,351 00
Stock and bond investments, viz.:
Par
value
$533,000 00
75,000 00
3,000 00
20,000 00
25,000 00
26,000 00
220,000 00
870,166 12
180,000 00
44,200 00
230,302 65
44,450 00
526,000 00

Stocks and bonds
United States ........................
State o f New York..................
State o f W yoming..................
State o f South Dakota........
State o f Oregon.....................
State o f Utah...........................
C ities in Other States...........
Cities In tM s State...............
Counties In th is State............
Towns in this State...............
Villages in this State...........
School districts in this State
Railroad m ortgage b on d s....

$2,796,107 77

O riginal
Estim ated
cost
market value
$528,544 20
$528,500 00
81,726 00
81,750 00
4,005 00
3,390 00
20,000 00
20,000 00
23,756 29
23,250 00
25,125 00
24,500 00
228,050 40
228,800 00
888,697 82
852,140 17
182,185 51
180,560 00
44,619 20
43,960 00
238,085 72
229,043 31
45,647 80
46,250 00
555,636 74
482,750 00
$2,865,878 68

$2,742,883 48

2,742,883 48
Banking house and lot, book value, $38,000; cost, $104,301.65 ;
actual cash v a lu e .............................................................................
Cash on deposit in banks or trust companies.............................
Cash on h an d ........................................................................................
Total of collectible interest..............................................................

38,000
540,961
42,334
84,696

00
87
92
55

$6,987,22f 82
LIA B ILITIE S

Amount due depositors, viz.:
P rin cip a l........ ..................................................................... $6,298,434 12
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1918.....................
115,335 25

$6,413,789 37
573,458 45

Surplus cm market value

$6,987,227 82
Surplus on par value, $626,682.74.
CASH TRANSACTIONS DURING. THE YEAR 1918
RECEIPTS

Cash cm band and in banks or trust companies January 1,
1918, before transactions of the day........................................
From depositors, not including dividends credited...................
From interest on loans, deposits and investments.....................
[156]




$587,099 44
1,856,717 82
299,920 04

M ontgomery County

15t

From mortgages .................................................................................
From redemption of stocks and bonds...........................................
From stocks and bonds sold (total par value, $ 7 , 3 0 0 ) . . . . . . .

$245,000 00
458,408 T
O
6,929 38
$3,454,075 38

PAYMENTS

To depositors, including dividends paid to them....................... $1,410,869 53
161,200 00
For loans on bonds and mortgages....................................... .
For stocks and bonds purchased, including premiums, commis­
1,264,584 71
sions, etc. (total par value, $1,278,600)...................................
5,008 08
For interest (other than dividend payments to depositors). .
For current expenses of the bank, viz.:
For salaries .......
F or ta xes: Banking bouse $1,752.58; surplus, $5,293.01;
on mortgages, $349JO ....................................................
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se....

$12,615 26
7,395 09
240 51
8,615 41

Other payments, viz.: Profit and loss...........................................
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day............................................

28,866 27
250 00
583,296 79
$3,454,075 38

STATISTICAL INFORMATION
Number of open accounts January 1, 1919.................................
15,436
Number of accounts opened or reopened during the year. . . .
1,601
Number of accounts closed during the year...............................
1,458
Amount deposited during the year, not including dividends
credited for that period................................................................ $1,856,717 82
Amount withdrawn during the year.............................................. 1,410,869 53
Amount of dividends credited and paid for the year, viz.:
July 1, 1918...........................................................................
January 1, 1919...................................................................

$109,911 55
115,335 25

Average amount of each account January 1, 1919.....................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918......................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918............................................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1918...............................
Dividends paid to depositors for the year 1918...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors ........................................... ............................




225.246 80
415 50
4
4
$300,845 O
S
28,866 27
225.246 80
46,732 01

NASSAU c o m fit
82. ROSLYN SAVINGS BANK OF ROSLYN, ROSLYN
l Incorporated 1876]
THOMAS MOTT, President.
FREDERICK E. W ILLITS, Treasurer.
H E N R f M. W. EASTMAN, Vice-President. FREDERICK C. DAVIS, Secretary.
JOHN C. BAKER, Vice-President.

TRUSTEES
HENRY M. W. EASTMAN
THOMAS MOTT,
JOSEPH H. BOGART,
FRBD’ K E. W ILLITS,
THOS. W. ALBERTSON,
FREDERICK C. HICKS,
DANIEL .T. HEGEMAN,
JOTHAM POST.
S. T. RUSHMORB,

W ILLIAM W. COCKS,
J. CLIFTON MONFORT,
RICHARD DOWNING,
W ILLIAM W ITTE.
GEORGE W . EASTMAN,
JOHN C. BAKER,
DANIEL UNDERH ILL
JOHN A . ALBERTSON,

DANIEL S. WOOLLEY,
EUGENE W. DENTON.
ALFRED V. FRASER,
JAMES W ILLI TS,
! S. EMORY.
STIMUSSON M. POWELL,
BnilsiKMAN WiNTHROP,
J. W. B. VANDEWATER.

FIN A N CIA L
RESOURCES

$1,662,200 00

Bonds and mortgages ..................
Stock and bond investments, viz.:
Stocks and bonds
United States ........................
State o f New York..................
Cities in oth er States...........
Cities in this State...............
Counties in this State...........
Towns in this State...............
Villages in this State...........
School districts in this State
R ailroad mortgage bonds—

Par
value
1114,350 00
20,000 00
118,000 00
121,000 00
30,000 00
7,000 00
8,000 00
87,900 00
538,000 00
11,044,250 00

Original
Estim ated
market value
cost
$114,238 11
$114,350 00
22,200 00
a , 450 00
124,009 73
118,830 00
126,035 80
119,975 00
30,486 34
30,700 00
7,420 00
8,100 00
8,280 00
7,980 00
88,893 50
88,331 99
528,6% 00
470,770 00
$1,049,566 97

$981,118 5ft

981,118 50
Banking house and lot, book value, $25,000; cost, $36,514.17;
actual cash value.............................................................................
Other real estate, bode value, $28,994.28; cost, $31,391.22;
actual cash value ...........................................................................
Cash on deposit in banks or trust companies...........................
Cadi on h a n d .......................................................................................
Total of collectible interest............................................................
Amount of all other assets, viz.:
Insurance premiums and taxes advanced.....................
Partial payment on bonds..............................................

25,000 00
31,391
197,631
82
39,221

$5,404 89
1,200 00

$2,943,249
LIA B ILITIE S

SISII

6,604

==============

Amount due depositors, viz.:
Principal .............................................................................. $2,635,586 10
Dividends credited or to be credited for tne six
months ending with December 31, 1918.....................
48,643 71

----------------- $2,684,229
marketvalue............................................................
259,020

52 § |
|

Surplus on

$2,943,249
===============

Surplus on par value,$322,151.63.

CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS




n m

$124,334
571,151
142,038
1,993
1,411
59,700

sssssss

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day........................................
From depositors, not including dividends credited....................
From interest on loans, deposits andinvestments.......................
From rents from banking house ....................................................
From rents from cither real estate................................................
From m ortgages..................................................................................

JC S A < T
a S U 3otW *

15§

P rom redem ption o f stocks and b on d s............. ................................
From stocks and bonds sold (to ta l par value, $ 6 1 ,2 0 0 )... ..........
From real estate s o ld ..............................................................................
F rom all other sources, v iz .:
Appraisal fees, release, taxes, protest and satisfac­
tion piece ........................................................................
|2,642 96
Assignment fee, insurance, tax search, expense
refund ........................................... *..................................
20 62
Thrift stamps ....................................................................
50 00
____________

$ 4 8 ,0 0 0 00
6 0 ,9 3 0 97
14,275 00

2 ,7 1 2 98
$ 1 ,0 2 6 ,5 4 8 40
......... : =======
.

PAYMENTS

T o depositors, in cluding dividends paid to th em .........................
$590,568 31
F or loans on bonds and m ortga ges....................................................
5 3 ,4 2 5 00
For stocks and bonds purchased, in cluding prem ium s, com m is­
sions, etc. (to ta l par value, $ 1 5 1 ,6 0 0 )..............................................
151,165 11
F or interest (oth er than dividend paym ents t o d e p o s ito r s ). .
72 59
F or cu rrent expenses o f the bank, v iz .:
For salaries .......................................................................
|8,178 80
For taxes: Banking house, 1894.27; surplus, $2,443.98 ;
on mortgages. $139.50....................................................
3,477 75
For expenses, except taxes, o f banking house:
Repairs .........................................................................
169 65
Insurance ......................................................................
124 03
Other ............................................................................
102 65
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
380 21
Insurance ......................................................................
253 C
O
657 81
Taxes ............................................................................
Other ............................................................................
27 75
For other expenses, not including expenses o f other
real estate nor other expenses of hanking house..
2,968 96
-------------------------------------- 16,340 54
F or real estate acquired b y foreclosure, or in settlem ent o f
10,142 32
debts due the b a n k .............................................................................
Other paym ents, v iz .:
Thrift Stamps, appraisal fees, taxes,protest fees..
$5,823 86
Release, cash shortage, insurance,assignment fe e ..
88 9
3
Bid on school bonds, satisfaction piece.......................
1,207 50
--------------------------------------- 7 ,1 2 0 29
Cash on hand and in banks or trust com panies December 31,
197,714 24
1918, a fter transactions o f the d a y ......... ............................ ..

$1,026,548 40
STATISTICAL INFORMATION
= = = = = =
Number of open accounts January 1, 1919...............................
5,351
Number of accounts opened or reopened during the year----813
Number of accounts closed during the year...............................
947
Amount deposited during the year, not including dividends
credited for that period................................................................
$571,151 42
Amount withdrawn during the year..............................................
590,568 31
Amount of dividends credited and paid for the year, viz.:
July 1, 1918...........................................................................
January 1, 1919....................................................................
Credited at other periods.................................................

$48,409 33
48,643 71
2 82

------------------------------------ 97,055 86
Average amount of each account January 1, 1919.......................
501 63
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918...... ...............................................................
4
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918............................................................
4
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts...........................
$145,191 03
Total expenses of the bank for the year 1918...............................
16,340 54
Dividends paid to depositors for the year 1918 ...........................
97,055 86
Net earnings for the year 1918 over expenses and dividends
paid to depositors ...........................................................................
31,794 63




n m

ito m

c o m

f y

63. AMERICAN SAYINGS BANK, NEW YORK CITY
[115 W est 42d street; Incorporated 1882]
WILLIAM M. CAMPBELL, President.
JAMES F. FARGO. Vice-President.
L. DUNCAN BULKLEY, Vice-Pres.

JOHN V. IRW IN, Secretary.
JOSEPH L. HASTE. Treasurer.
GEO. F. BROFHY, J b., Asst. Treasurer.

TRUSTIES
VINCENT PISEK,
JAMBS F. FARGO,
L. DUNCAN BULKLEY,
W ILLIAM C. STORY,
WM. M. CAMPBELL,

JOHN V. IRW IN,
HENRY R. SUTPHEN.
FRED. M. JOHNSON.
GEORGE DEBEVOISE,
F. CLIFFE JOHNSTON,

WARREN THORPE,
HENRY S. PARKER.
CHAS. F. DESHLER,
H. S. CARPENTER.

FINANCIAL
RESOURCES

Bonds and mortgages...................................................................... .. $2,077,215 00
Stock and bond investments, viz.:
Stocks and bonds
United States .......................
Cities in this State...............
Towns in this State...............
Villages in this State...........
School districts in this State
Railroad mortgage b on d s....

Par
value
$616,400 00
196,000 0#
90,000 00
47,000 00
16,000 O
ft
583,000 00
$1,486,400 00

O riginal
Estim ated
cost
market value
$610,415 90
$615,400 00
206,230 28
194,350 00
35,955 00
33,000 00
46,191 29
45,940 00
17,104 oa
15,840 00
565,028 05
448,090 00
$1,480,924 52

$1,352,560 00

1,352,560 00
4,451 00

Promissory notes ................................................................ ..
Banking house and lot, book value, $8,885.28; cost, $34,721.64;
actual cash value ...........................................................................
Other real estate, book value, $127,884.83; cost, $129,566.70;
actual cash value .........................................................................
Cash on deposit in banks or trust companies...........................
Cash on band .....................................................................................
Total of collectible interest..............................................................
Amount of all other assets, viz.: Suspense account...................

30,000 00
127,714
239,120
7,134
46,564
169

15
38
94
02
88

$3,884,929 37
LIA B ILITIE S

:

Amount due depositors, viz.:
Principal .............................................................................. $3,626,611 36
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1918.....................
55,156 09

$3,681,767 45
Other liabilities, viz.:
Liberty Bond deposits........................................................
Expenses incurred but unpaid — rent accrued........

$88,825 00
1,166 66

89,991 66
113,170 26

Surplus on market value.

$3,884,929 37
.: ;.
.

Surplus on par value, $247,010.26.

CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day............................. ............
From depositors, not including dividends credited...................
From interest on loans, deposits and investments...................
From rents from banking house....................................................

From rents from other real estate.................................... .
From mortgage* . . ................................. ................. .....




im

$270,802
1,582,413
158,424
3,785
9,543

93
52
95
00
00

45,550 00

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C oun ty

F rom redem ption o f stock s and b on d s....................................
F rom stock s and bonds sold (to ta l p a r valu e, $ 7 2 ,0 0 0 ),
F rom loan s p a id ............................................................................
F rom a ll oth er sou rces, v is .:
(905 8ft
Suspense account, receiver’s returns...........................
lib e rty Loan bonds...........................................................
763,267 60
Unclaimed Liberty Loan Bond (fu n d )........................
421 00
F orfeit — real estate ........................................................
206 00

$8 0 3,0 0 0 00
6 9 ,5 7 5 00
2 ,4 5 2 00

7 5 4 ,7 9 3 80

PAYMENTS

$ 3 ,2 6 0 ,3 4 0 20
= = = = = = =

$ 1 ,4 3 4 ,7 5 4
T o d ep ositors, in clu d in g dividen ds pa id to them .
4 ,5 0 0
F or loan s on bonds and m o r tg a g e e ..................
6 ,9 0 3
F or loa n s on stodks and bonds and oth er secu rities
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
1 ,1 9 5 ,9 9 1
sion s, etc. ((tota l p a r va lu e, $1,201,350) ........... : ........................
2 ,6 7 0
F or in terest (oth er than dividend1 paym ents t o d e p o s ito r s )_
_
F or cu rren t expenses o f th e bank, v iz .:
(16,686 36
For salaries ......................................................................
For ta x es: Banking house, (61.60; surplus, $862.29..
313 79
For expenses, except taxes, o f banking house:
932 42
R epairs!...........................................................................
111 79
Insurance .............................................. .......................
Other ..............................................................................
218 61
7,000 00
For rent o f banking room s..............................................
For expenses o f other real estate, v iz .:
2,226 21
Repairs .........................................................................
Insurance ......................................................................
379 01
2,631 04
Taxes ............................................................................
1,412 62
Other ............................................................ ............. .
F or other expenses, not including expenses o f other
4,140 73
real estate nor other expenses o f banking house..
3 5 ,05 2
F or rea l esta te acqu ired b y foreclosu re, o r in settlem en t o f
debts du e th e bank ..............................................................................
6 ,3 2 2
O ther paym ents, v iz .:
Liberty Loan Bonds........................................................... (326,960 O
ft
Suspense account ..............................................................
914 89
Unclaimed Liberty Loan Bond! — refund.....................
26 00
3 2 7 ,8 9 0
Cash on hand an d in banks o r tru s t com panies D ecem ber 31,
1918, a fte r tran sa ction s o f th e d a y ...............................................
246,2 5 5

65
00
00
00
37

61
36

89
32

$ 3 ,2 6 0 ,3 4 0 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 accou nts Jan u ary 1, 1919......................................
11,658
N um ber o f a ccou n ts opened o r reopened du rin g th e y e a r .........
2 ,9 7 2
N um ber o f a ccou n ts closed du rin g th e y e a r..................................
1 ,7 3 0
A m oun t dep osited du rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p eriod ...................................................................... $ 1 ,5 8 2 ,4 1 3 52
A m oun t w ith draw n d u rin g th e y ea r ...............................................
1 ,4 3 4 ,7 5 4 65
A m ount o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918...........................................................................
$54,500 12
January 1, 1919...................................................................
55,156 09
109.656 21
A verage am ount o f each accou n t Ja n u a ry 1, 1 9 1 9 .....................
315 81
R a te per cen t, o f dividen ds t o dep ositors d u rin g th e s ix m onths
en din g Ju n e 30, 1918 ..........................................................................
3%
R a te per cen t, o f dividen ds t o d ep ositors d u rin g th e s ix m on th s
en din g D ecem ber 31, 1 9 1 8 ......... .......................................................
m
T o ta l earn in gs o f th e bank fo r th e yea r 1918, a fte r a llow in g
fo r am ortiza tion o f prem ium s and d is c o u n t s ........... .................
$ 1 74,952 66
T ota l expenses o f th e bank fo r th e y ea r 1 9 1 8 .................................
5 0 ,6 7 3 §&
D ividends p a id t o d ep ositors fo r th e y ea r 1 9 1 8 .............................
100.656 21
N et earn ings fo r th e yea r 1918 ov er expenses a n d dividen ds
pa id to cle p o s it o r s ........................................ .................................
1 4 ,62 2 93

6




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102

64.

epost

on

S a v in g s B a n k s

THE BANK FOR SAYINGS IN THE CITY OF NEW YORE
[280 Fourth avenue; Incorporated 1819]

WALTER TRIM BLE, President.
FREDERIC W. STEVENS, Vice-Pres.
CHARLES S. BROWN, Vice-Pres.
ADRIAN ISELIN, Vice-Pres.

LEW IS B. GAW TRY, Secretary.
EDMUND W. RYAN, A sst Secretary.
JOHN HARPER, Com ptroller.
RICHARD W. MOTT, Deputy Com ptroller.

T R U ST E E S
WM. W . APPLETON,
W ALTER TRIM BLE,
FREDERIC W. STEVENS, HENRY R. HOYT,
CHARLES S. BROWN,
AUGUST BELMONT,
ADRIAN ISELIN,
W ILLIAM SLOANE,
LEW IS B. GAWTRY.
THOMAS DENNY,
HENRY W . DB FOREST,
JOHN B. COWDIN,
W . IRVING CLARK.
JAMES S. ALEXANDER,
W ILLIAM J. BIKER.
NICHOLAS BIDDLE,

GEORGE F. BAKER, Ja.,
OTTO M. EIDL1TZ,
GEO. E. ROOSEVELT,
THATCHER M. BROWN,
JULIAN PEABODY,
B. TOWNSEND IRVIN,
j o h n y . g . Wa l k e r .

F IN A N C IA L
RESOURCES
B on ds a n d m ortgages .............................................................................. $ 4 1 ,6 1 9 ,8 0 0 00
S tock and bond Investm en ts, v iz .:
Original
Estimated
Par
Stocks and bonds
value
market value
cost
$4,464,700 00 $4,464,700 00
United States ........................ $4,464,700 00
3,445,011 25
3,351,360 00
State o f New York................ 3,364,000 00
786,404 16
State o f M aryland..................
830,000 00
795,300 00
Cities in other States........... 5,743,000 00
6,076,073 29
5,436,667 00
Cities in this State...............15,421,800 00
16,016,527 35 14,673,223 00
817,588 70
804,600
00
Counties in this State..........
778,000 00
R ailroad m ortgage b on d s... 25,621,000 0 1 25,788,357 48 20,337,180 00
0
$56,223,100 00 $57,454,662 23 $49,862,990 00
............
...................... 4 9 ,8 6 2 ,9 9 0
—
B an kin g b ou se and lo t, book va lu e, $400,000} co st, $751,301.06;
4 0 0 ,0 0 0
a ctu a l cash v a lu e ...................................................................................
O ther rea l' esta te, book va lu e, $1,852,811.41; co s t, $1,868,895.41
a ctu a l cash valu e ...................................................................................
1 ,4 2 4 ,0 0 0
C ash on d ep osit in banks o r tr u s t c o m p a n ie s .............................. 2 ,8 2 8 ,0 0 0
C ash on hand ..............................................................................................
7 4 4 ,2 5 6
T o ta l o f collectib le in terest .................................................................
1 ,1 1 1 ,4 8 8
A m ou n t o f a ll oth er assets, v iz .: U . S . W a r S avin gs S ta m p s ..
899

00
00
00
11
62
39
00

$ 9 7 ,9 9 1 ,4 3 4 12
LIAB ILITIES
A m ount du e d ep ositors, v iz .:
Principal ............................................................................ $88,794,103 81
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918..................... 1,692,620 25
■$90,486,724 06
O ther lia b ilitie s , v iz .: L ib erty B on d d ep osits..............................
5 ,4 0 0 00
S u rplu s on m ark et va lu e ...................................................................... 7 ,4 9 9 ,3 1 0 06
$ 9 7 ,9 9 1 ,4 3 4 12
S u rplu s on p a r va lu e, $13,859,420.06.
C A SH TR A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies J a n u a ry 1,
1918, b efore tra n sa ction s o f th e d a y ...........................................$ 4 ,0 7 1 ,0 8 3 32
F rom d ep ositors, n o t in clu d in g divid en d s c r e d it e d ..................... 1 4 ,0 9 5 ,9 9 2 53
F rom in terest on loa n s, d ep osits a n d in v e s tm e n ts ....................... 4 ,0 6 3 ,1 8 2 33
F rom ren ts from oth er re a l e s t a t e ....................................................
6 9 ,3 7 0 30
F rom m ortgages ..........................................................................................
1 ,5 6 0 ,0 5 0 00
F rom redem ption o f stock s and b o n d s ...............................................
3 ,8 6 0 ,5 0 0 00




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163

F rom stock s and bonds sold (to ta l pa r va lu e, $ 3 ,5 1 3 ,1 5 0 )-------- $ 3 ,5 0 7 ,4 8 8
F rom rea l esta te sold ..............................................................................
1 7 7 ,5 0 0
F rom a ll oth er sources, v iz .: P repaym en ts U . S . G overnm ent
B onds .........................................................................................................
2 2 ,9 9 6
$ 3 1 ,4 2 8 ,1 6 2

20
00
08
76

PAYMENTS
T o dep ositors, in clu d in g d iv id en d s p a id to th em ......................... $ 1 8 ,3 0 6 ,4 8 7 77
F or loa n s on bonds and m ortga ges...................................................
4 1 0 ,0 0 0 00
F or stock s and bonds purch ased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l par valu e, $ 8 ,7 8 4 ,0 0 0 )......................................
8 ,7 8 4 ,1 0 5 46
F or in terest (o th e r than dividen d paym ents to d e p o s ito r s )..
8 ,7 8 5 77
F or cu rren t expenses o f th e bank, v iz .:
For salaries........................................................................... *130,871 00
F or ta x es: Banking house, $16,917.01; surplus, $44,747.72 .................................................................................
61,664 73
F or expenses, except taxes, o f banking h ouse:
Repairs ..................................................................
640 92
Insurance ...................................................................
87 60
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
42,461 47
Insurance ....................................................................
171 41
Taxes ............................................................................
42,116 50
Other ............................................................................
300 00
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
31,423 96
-----------------309,627 59
F or rea l estate a cqu ired b y foreclosu re, o r in settlem en t o f
debts due th e b a n k .................................................................................
2 4 ,9 3 2 32
O ther paym ents, v iz .:
Commission on r’eal estate sold.....................................
$1,800 00
Liberty Loan Bonds...........................................................
9,812 60
Loss a t counter ..............................................................
354 62
-------------------------------------- 11,967 12
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y ................................................
3 ,5 7 2 ,2 5 6 73
$ 3 1 ,4 2 8 ,1 6 2 76
S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open a ccou n ts J an u ary 1, 1919......................................
136,316
N um ber o f accou n ts op ened or reopened du rin g th e y e a r .. . .
1 2,087
N um ber o f a ccou n ts elosed du rin g th e y e a r..................................
18,291
A m ount dep osited d u rin g th e yea r, n o t in clu d in g dividen ds
cred ited fo r th a t p e rio d .......................................................................$ 1 4 ,0 9 5 ,9 9 2 53
A m oun t w ith draw n du rin g th e y e a r .................................................
1 8 ,3 0 6 ,4 8 7 77
A m ount o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918.............................................................................$1,696,515 11
January 1, 1919.................................................................... 1,6^,620 25
------------------ 3 ,3 8 9 ,1 3 5 36
A verage am ount o f each a ccou n t Jan u ary 1, 1919......................
663 80
N um ber o f accou n ts w hich exceeded $3,000, exclu sive o f d iv i­
dends cred ited , a t th e la s t tr ia l balan ce o f dep ositors’
ledgers, excep t d ep osits a risin g from society accou n ts, o r
ju d icia l sales, o r tru s t fu n ds, o r b y ord er o f a co u rt o f
record o r o f a su rrog a te...................................................................
2
T ota l am ount o f sueh a ccou n ts............................................................
6 ,0 51 48
R ate per cent, o f dividen ds to dep ositors du rin g th e s ix m onths
ending Jun e 30, 1918 ..........................................................................
4
R ate per cen t, o f dividen ds to dep ositors du rin g th e s ix m onths
ending D ecem ber 31, 1918.................................................................
4
T o ta l earnings o f th e bank fo r th e year 1918, a fte r a llow in g
fu r am ortization o f prem ium s and d iscou n ts........................... $ 4 ,0 9 6 ,1 4 6 23
T ota l expenses o f th e bank fo r th e y ea r 1918..................................
317,9 8 8 21
D ividends p a id to dep ositors fo r th e yea r 1918......................... 3 ,3 8 9 ,1 3 5 36
N et earn ings fo r th e yea r 1918 ov er expenses and dividen ds
p a id to d ep ositors...................................................................................
3 8 9 ,0 2 2 66




1M

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65.

eport

on

S a y in g s B a n k s

THE BOWERY SAVINGS BANK, NEW YORK CITY

[128-30 B ow ery;
SCHENCK, President.
A. NASH, Vice-President.
Vice-President.
HENRY A . SCHENCK,

85: l

B a P * * "-

GEO. H . BOBlfcSON,
GEORGE JEREMIAH,
HENRY C . BERLIN,
CHARLES E. BIGELOW,
THOMAS B. KENT,

Incorporated 1834]
W ILLIAM E. KNOX. Com ptroller.
JOSEPH G. LID D L E ,Secretary.
PERCY G. DELAMATER, Asst. Secy.

T R U ST E E S
W ILLIAM C. WOOD,
I. W . DRUMMOND,
H. B. DOMINICK,
C. LAWRENCE PERKINS,
FRANCIS S. BANGS,
LEW IS L . CLARKE,
RICHARD M. HOB.
AUSTIN B. FLETCHER,
W ILLIAM
KNOX,

GEORGE M cNEIR,

S ftS S H f c S S F

STEPHEN BASER,
ARTHUR L. LESHER,
S. W . FAIRCHILD.
LINCOLN CROMWELL,
J. S. ARMSTRONG.

FINANCIAL
RESOURCES

B onds and m ortga ges........................................................ ......................$ 6 5 ,1 1 0 ,0 4 0 00
S tock and bond in vestm ents, v iz .:
Par
Original
Estim ated
eost
Stocks and bonds
value
market value
United States .......................... $9,880,600 00 $9,880,585 60 $9,880,000 00
865,260 00
897,210 00
State o f New York..................
814,000 00
363,000 00
411,376 00
State o f M assachusetts........
400,000 00
6,569,056 46
6,876,715 00
O ties in other States............ €,060,000 00
6,786,444 26
6,257,30064
Cities in this State............... 6,4f7,299 43
Railroad1 m ortgage bonds— 28,589,000 O i 31,261,477 73 25,937,520 00
O
Land Bank o f the State o f
35,000 00
35,288 33
New York...............................
35,000 08
$52,345,899 43 $55,841,437 26 $49,215,395 94
=
—
—
— —
■ .... ..
4 9 ,2 1 5 ,3 9 5
B an kin g h ouse and lo t, b ook valu e, $175,000; co st, $796,080.91;
1 7 5 ,0 0 0
a ctu a l ca sh va lu e .................................................................................
O ther rea l esta te, book va lu e, $ 1 6 7 ,8 4 0 .4 7 ; co st, $ 1 8 6 ,9 2 2 .2 4 ;
a ctu a l c a d i va lu e ...............................................................................
1 6 7 ,8 4 0
C a d i on d ep osit in banks o r tru s t com pan ies.................................. 6 ,6 2 5 ,9 1 9
C ash o n h a n d ..............................................................................................
1 ,4 6 2 ,6 4 6
T o ta l o f co lle ctib le in te re st........... .......................................................
1 ,8 6 4 ,5 1 9
A m ount o f a ll o th e r assets, v iz .: A dvanced fo r ta x e s................
14,181
LIA B ILITIE S

94
00
47
33
47
26
60

$ 1 2 4 ,6 3 5 ,5 4 3 07
— .......- ---------------

A m oun t due d ep ositors, v iz .:
Principal ............................................................................ $166,900,972 35
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918..................... 1,954,336 28
-------- — ----- $ 1 0 8 ,8 5 5 ,3 0 7 63
O ther lia b ilitie s , v iz .: B ills payable a n d accru ed in terest—
F ou rth L ib erty L o a n ..........................................................................
1 ,8 1 4 ,0 8 0 84
S u rplu s o n m a rk et v a lu e ..................................................................... 1 3 ,9 6 6 ,1 5 4 60
S u rplu s on pa r va lu e, $17,096,658.09.

$ 1 2 4 ,6 3 5 ,5 4 3 07
... ;;.... :

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 1918
RECEIPTS
Cash on hand and in ban ks o r tru st com panies Jan u ary 1,
1918, b efore tran sa ction s o f th e d a y ............................................... $ 5 ,9 2 7 ,5 4 7
F rom dep ositors,
n ot in clu d in g dividen ds c r e d ite d .................... 2 6 ,1 9 2 ,3 5 4
F rom in terest on
loa n s, d ep osits and in vestm en ts.......................
5 ,1 1 8 ,2 8 6
F rom ren te from oth er rea l e s ta te .......................................................
3 1 ,0 7 6
F rom m o r tg a g e s ..........................................................................................
9 0 9 ,3 5 0
F rom redem ption
o f stock s and b on d s........... ............................. 3 ,3 6 6 ,7 5 0
F rom stock s and bonds sold [to ta l p a r valu e, $ 6 ,5 3 4 ,3 0 0 )____ 6 ,3 7 0 ,3 1 0
F rom loa n s p a id ..........................................................................................
1 0 ,96 2
F rom rea l esta te
sold .........................................................
4 8 7 ,1 7 9
F rom a ll o th e r sources, v iz .:
Satisfactions, notary fees, sale old m aterial, public
telephone, insurance .....................................................
$269 08




51
43
01
01
00
00
46
00
71

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ounty

165

lib e rty Loan Bonds......................................................... $1,800,000 00
Receipts other real estate; taxes advanced, refunded
53,602 61
Tellers’ account ...............................................................
830 00
------------------ $ 1 >854,601 69
PAYMENTS

$ 5 0 ,2 6 8 ,4 1 7 82
— .....:...;.

T o d ep ositors, in clu d in g dividen ds paid to th em .........................$ 2 6 ,0 2 3 ,3 7 8 60
F or loa n s on bonds and m ortga ges.................................................
2 ,2 5 5 ,8 0 0 00
F or loan s on stock s and bonds and oth er secu rities....................
1 0,062 00
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l pa r valu e,$ 1 3 ,3 0 9 ,5 0 0 )................................. 1 3 ,3 1 5 ,0 6 2 60
F or in terest (oth er th an dividen d paym ents to d e p o s ito r s ). .
4 3 ,6 1 8 65
F or cu rren t expenses o f th e bank, v iz .:
For salaries ........................................................................ H4§,280 00
For ta x es:
Banking house, $8,176.15; surplus,
$103,913.48 ...........................................................................
112, W0 23
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
3,338 27
Insurance ......................................................................
254 65
Other ..............................................................................
15,999 00
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
5,234 82
Insurance ......................................................................
3,101 73
Taxes ............................................................................
9,361 02
Other ..............................................................................
13,593 26
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
56,428 52
-----------------364,681 50
F or real estate acquired b y foreclosu re, o r in settlem en t o f
debts due the b a n k .............................................................................
111,578 97
O ther paym ents, v iz .:
Tellers’ account ................................................................
$1,072 00
Claim allow ed depositors................................................
1,554 54
Advanced for taxes...........................................................
52,143 16
-------------------------------------- 5 4 ,7 6 9 70
Cash on hand and in banks o r tru st com panies Decem ber 31,
8 ,0 8 8 ,5 6 5 80
1918, a fter tran sa ction s o f th e d a y ...............................................
$ 5 0 ,2 6 8 ,4 1 7 82
S T A T IS T IC A L IN F O R M A T IO N
..= ;— ==.;=====
N um ber o f open accou nts J an u ary 1, 1919..................................
143,323
N um ber o f a ccou n ts opened o r reopened du rin g th e y e a r ....
2 2 ,7 0 9
N um ber o f a ccou n ts closed du rin g th e y e a r...............................
23 ,37 7
A m oun t dep osited du rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r ’th a t p e rio d ................................................................... $ 2 6 ,1 9 2 ,3 5 4 43
A m oun t w ith draw n du rin g th e y e a r................................................... 2 6 ,0 2 3 ,3 7 8 60
A m ount o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918........................................................................... $1,939,839 76
January 1, 1919..................................................................... 1,954,335 28
------------------ 3 ,8 9 4 ,1 7 5 04
A verage am ount o f each accou n t Jan u ary 1, 1919.........................
759 51
N um ber o f accou n ts w hich exceeded $3,000, exclu sive o f d iv i­
dends cred ited , a t th e la st tr ia l balance o f d ep ositors’
ledger®, except dep osits a risin g from society accou n ts, or
ju d icia l s a te , o r tru s t fun ds, o r b y ord er o f a co u rt o f
record or o f a su rro g a te .......................................................................
6
T ota l am ount o f such a ccou n ts..............................................................
2 1 ,1 1 4 55
R ate per cen t, o f dividen ds to d ep ositors du rin g th e six m onths
en din g Jun e 30, 1918.......................................................... ...............
4
R ate per cen t, o f dividen ds to d ep ositors du rin g th e six m onths
en din g D ecem ber 31, 1918.................................................................
4
T ota l earn in gs o f th e bank fo r th e year 1918, a fte r a llow in g
fo r am ortization o f prem ium s and d iscou n ts............................. $ 5 ,0 6 4 ,9 3 0 80
T ota l expenses o f th e bank fo r th e yea r 1918 ...............................
3 7 8 ,7 6 2 34
D ividends p a id t o dep ositors fo r th e yea r 1918 .............................
3 ,8 9 4 ,1 7 5 04
N et earn in gs fo r th e yea r 1918 ov e r expenses and dividen ds
pa id t o d ep ositors ................................................................................
791,9 9 3 42




166

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anes

66. BROADWAY SAYINGS INSTITUTION, NEW YORK CITY
[5-7 Park p la ce; incorporated 18511
HORACE F. HUTCHINSON, President.
EUGENE BRITTON, Vice-President.
RICHARD B . KELLY, Vice-President.
LOUIS F. FERRIS, Secretary.
H . F. HUTCHINSON.
EUGENE BRITTON,
OSCAR T . MACKEY,
RICHARD B. KELLY,
RBMSEN JOHNSON,

T R U ST E E S
EDWARD TOWNSEND,
FREDERICK W. HUNTER
CHARLES A. FRANK,
SAMUEL S. BLOOD,
HENRY A. HOWARTH,

EDWARD E. WATTS.
RICHARD KELLY,
COURTLANDT P. DIXON.
EDWARD D. KING,

F IN A N C IA L
RESOURCES
$ 9 ,0 0 8 ,8 5 0 00

B onds and m ortga ges.......................
S tock an d bond investm ents, v iz .:
Stocks and bonds
value
United States ........................ $375,400 00
State o f New York................
50,000 00
200,000 00
C ities in other States...........
Cities in this State...............
244,000 00
Counties in this State..........
300,000 00
Railroad mortgage bonds— 2,763,000 00
$3,932,400 00

Original
Estimated
cost
market value
1372,880 00
$375,400 00
50,500 00
61,437 50
194.000 00
222,328 00
252,533 69
242, W0 00
300,000 00
291.000 00
2,637,760 00
2,935,536 57
$4,134,716 76

$3,791,320 00

P rom issory n otes .....................................................................................
B an kin g bou se and lo t, book valu e, $250,000; co st, $271,261.83;
a ctu a l cash v a lu e ...................................................................................
O ther rea l estate, book va lu e, $772,100; cost, $791,094.64;
aetu al cash va lu e .................................................................................
C ash on d ep osit in banks o r tru s t com pa n ies...............................
Cash on h a n d ...............................................................................................
T o ta l o f collectib le in te re st...................................................................

3 ,7 9 1 ,3 2 0 00
1 7 ,7 4 0 00
2 5 0 ,0 0 0 00
7 7 2 ,1 0 0
2 9 1 ,3 3 6
8 3 ,9 9 4
162,545

00
71
86
23

$ 1 4 ,3 7 7 ,8 8 6 80
LIABILITIES
A m oun t due d ep ositors, v iz .:
Principal .............................................................................. $13,616,534 11
Dividends credited or to be credited fo r the six
months ending w ith December 81, 1918.....................
260,726 26
------------------ $ 1 3 ,7 7 7 ,2 6 0 37
O th er lia b ilitie s , v iz .:
Liberty Bond deposits...........................................................
$6,66300
Held for mortgagors’ account.............................................
3,42748
-------------------------------------- 1 0 ,0 9 0 48
S u rplu s on m arket v a lu e.......................................................................
5 9 0 ,5 3 5 95
$ 1 4 ,3 7 7 ,8 8 6 80
S u rplu s on p a r va lu e, $731,615.95.
C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
C ash on hand and in banks o r tru s t com panies Jan u ary 1,
1918, b efore tra n sa ction s o f th e d a y ............................................... $ 1 ,2 1 1 ,4 6 3
F rom d ep ositors, n o t in clu d in g d ivid en d s cre d ite d ....................
2 ,4 3 2 ,3 4 1
F rom in terest on loa n s, d ep osits and in vestm en ts.........................
6 6 0 ,4 4 4
F rom ren ts from oth er rea l esta te ................................................. '.
1 2 ,34 7
F rom m o r tg a g e s .........................................................................................
3 7 9 ,0 0 0
F rom redem ption o f stocks and b on d s.............................................
2 8 1 ,0 0 0




55
00
44
14
00
00

N

ew

Y

obk

C ounty

F rom stock s and bonds sold (to ta l p a r va lu e, $ 1 4 4 ,9 0 0 )............
F rom loan s p a id ....................................................................... ...............
F rom rea l esta te sold ............................................................................
F rom a ll oth er sou rces, v iz .:
Profit sale Liberty Loan Bonds......................................
$1,514 60
Deficiency judgm ent .........................................................
4,398 39
Taxes and Interest from m ortgagors.............................
23,386 41
Subscriptions to Liberty Loan Bonds...........................
45,625 00

167
$ 1 4 1,5 0 0 00
3 2 ,0 0 0 00
7 7 ,0 5 3 81

7 4 ,9 2 4 40
$ 5 ,3 0 2 ,0 7 4 34
PAYMENT®
T o d ep ositors, in clu d in g dividen ds pa id t o th em .........................$ 4 ,0 3 0 ,5 8 9 80
F or loan s on bonds and m ortga ges...................................................
9 3 ,5 0 0 00
F or loa n s on stock s and bonds and oth er se cu ritie s................
4 6 ,2 4 0 00
F or stocks and bonds purch ased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l p a r va lu e, $ 4 2 0 ,9 0 0 )...........................................
4 1 4 ,6 2 4 79
F or in terest (o th e r than dividen d paym ents t o d e p o s ito r s ). .
1 ,7 6 5 90
F or cu rren t expenses o f th e bank, v iz .:
For salaries ........................................................................
$37,216 50
F or taxes. Banking bouse,$4,165.90; surplus, $4,272.76
8,438 66
For expenses, except taxes, o f tanking h ouse:
Bepairs ...........................................................................
463 79
Insurance ......................................................................
61 90
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
844 86
Insurance ......................................................................
375 02
Taxes ..............................................................................
12,305 08
Other ..............................................................................
711 63
For other expenses, not including expenses o f other
real estate nor other expenseso f tanking house..
7,653 00
-------------------------------------- 6 8 ,0 7 0 33
F or rea l estate acqu ired b y foreclosu re, o r in settlem en t o f
debts due th e b a n k .................................................................................
182,923 70
O ther paym ents, v iz .:
D efalcation .........................................................................
$30,107 32
Payments account Interest and taxes.........................
19,958 93
Liberty Loan Bond account.............................................
38 962 00
-------------------------------------- 8 9 ,0 2 8 25
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y ...............................................
375,331 57
$ 5 ,3 0 2 ,0 7 4 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 a ccou n ts J an u ary 1, 1919..................................
1 5 ,25 6
N um ber o f a ccou n ts opened or reopened du rin g th e y e a r -----1 ,6 8 9
N um ber o f accou n ts closed d u rin g th e y e a r ....................................
2 ,3 8 5
A m ount deposited du rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p e rio d ..................................................................... $ 2 ,4 3 2 ,3 4 1 00
A m oun t w ith draw n d u rin g th e y e a r ...............................................
4 ,0 3 0 ,5 8 9 80
A m ount o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918........................................................................... $274,202 08
January 1, 1918....................................................................
260,726 26
5 3 4 .9 2 8 29
A verage am ount o f each accou n t J an u ary 1, 1919.......................
903 07
R ate per cen t, o f dividen ds to d ep ositors d u rin g th e s ix m on th s
en din g Ju n e 30, 1918............................................................................
4
R ate per cen t, o f dividen ds to dep ositors du rin g th e s ix m onths
en din g D ecem ber 31, 1918............................. ...................................
4
T ota l earn ings o f th e bank fo r th e year 1918, a fter a llow in g
fo r a m ortization o f prem ium s and d iscou n ts.............................
$6 4 6,1 1 5 56
T ota l expenses o f th e bank fo r th e yea r 1918................................
6 8 ,0 7 0 33
D ividends p a id to d ep ositors fo r th e y e a r 1918.............................
5 3 4 .9 2 8 29
N et earn in gs fo r th e yea r 1918 ov er expenses and dividen ds
p a id to d ep ositors...................................................................................
4 3 ,1 1 6 94




168

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67. CENTRAL SAVINGS BANE IN THE CITY OF NEW YORK
[157 Fourth avenue; incorporated 1859 as German Savings Bank In the C ity o f
New York]
HUBERT C ILL I8. President.
CARL GOSPEL, Vlce-Pres.
BOW . C. SCHAEFER, Vice-President.

ADOLF KO:
CHAS. W . MU
ADOLPH EBP!
THBO. SCHORSKE, Secretary.

, Com ptroller.

T R U ST E E S
BOW. C. SCHAEFER,
R. SIEDENBURG,
ALBERT TAG,
LOUIS W ATJEN,

THOMAS F . VIETOR,
GEORGB LE ASE ,
CARL GOEPBL,
ADOLF KUTTROFF,
HUBERT C1LLIS,
GUSTAVE SCHW AB,
W ILLIAM SCHALL,
F . W . LAFRENTZ,

F . T . FLEITM ANN,
JOSEPH F . STILLM AN.
ERNST PFARRIUS,
RUDOLF BRBSLOH,
AUGUST ZINSSER,
CARL L . SCJHURZ.
GEORGE H . KRETZ,
HENRY RUHLENDER.

F IN A N C IA L
RESOURCES

B onds and m ortgages ...............................................................................$ 5 1 ,9 1 2 ,5 1 4 06
S tock and bon d in vestm en ts, v iz .:
Par
O riginal
Estimated
Stock* and bond*
value
cost
market value
United States .......................... 83,433,200 00 13,391,100 00
$3,433,20000
State ot New York................ 1,150,000 00
1,218,583 16 1,177, M0 00
State o f Alabama.....................
500,000 00
546,200 00
400,00000
State o f C alifornia...............
900,000 00
841,500 00
846,00000
State o f Louisiana..................
250,000 00
250,156 25
250,000 00
State o f M aryland..................
100,000 00
100,695 00
99,000 00
2, 320,406 50 1,921,500 00
State o f M assachusetts........ 2,150,000 00
State o f Tennessee................
982,000 O
ft
1,053,71* 99 1,014,170 00
State o f Utah..........................
276,000 00
278,141 88
204,000 00
Cities in other State*............ 7,608,750 00
8,011,142 38 7,604,500 00
3,132,366 73 2,827,340 00
Cities in this State................ 3,030,000 00
Railroad mortgage b on d s.... 23,444,848 00 24,060,16141 20,245,129 28
$43,823,798 00 $45,194,263 89 $40,072,739 28
P rom issory n otes ................ ....................................................... ............
B an k in g h ouse and lo t , b od e valu e, $850,000; co st, $1,408,3 3 1 .0 8 ; a ctu a l cash v a lu e ...................................................................
O ther rea l esta te, b ook valu e, $569,844.99; co st, $589,566.59;
a ctu a l cash v a lu e ...................................................................................
C ash on d ep osit in banks o r tr u s t com pan ies......... ........................
C ash on h a n d ...............................................................................................
T ota l o f co lle ctib le in te re s t.................................................................

4 0 ,0 7 2 ,7 3 0 28
250 00
8 5 0 ,0 0 0 00
5 0 9 ,8 4 4
6 ,0 9 5 ,0 3 9
8 8 6 ,2 4 9
1 ,1 7 3 ,9 0 2

99
49
94
37

$ 1 0 1 ,5 6 1 ,1 4 0 13
LIAB ILITIES
A m oun t du e d ep ositors, v iz .:
.$91,283,000 48
S f t S S . - credited or to be credited fo r the six
months ending w ith December 31, 1618..................... 1,719,82118
S u rp lu s on m ark et v a lu e ............................. .......................................

$ 9 3 ,0 0 2 ,8 2 1 66
8 ,5 5 8 ,3 1 8 47

$ 1 0 1 ,5 6 1 ,1 4 0 13
S u rplu s on par valu e, $12,309,377.19.
C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS

C ash on hand and in banks o r tr u s t com panies J an u ary 1,
1918, b efore tran sa ction s o f th e d a y ............................................ $ 8 ,0 7 2 ,1 9 4
F rom d ep ositors, nob in clu d in g dividen ds cred ited .................. 1 7 ,8 8 2 ,3 1 3
F rom in terest on loa n s, dep osits and in vestm en ts.........................
4 ,4 7 0 ,5 9 5
F rom ren ts from bankin g h ou se........................................................
3 6 ,6 1 3




56
01
22
97

H

ew

Y

ork

169

C ounty

F rom ren ts from oth er real esta te ......................................................
F rom m ortgages ......................................................... ..............................
F rom redem ption o f stock s and b on d s...............................................
F rom stock s and bonds so ld (to ta l p a r valu e, $ 2 ,9 9 0 ,0 7 4 )-----F rom rea l esta te sold ............................................................................
F rom a ll oth er sou rces, v iz .:
Rentals collected during foreclosures...........................
$3,733 41
Insurance ............................................................................
133 72
------------------

$ 9 0 ,1 3 2
1 ,5 7 3 ,0 1 5
2 ,9 0 4 ,0 0 0
2 ,9 6 0 ,8 2 0
1 8 6 ,7 0 0

79
31
00
27
00

3 ,8 6 7 13

$ 3 8 ,1 8 0 ,2 0 2 86
PAYMENTS
T o d ep ositors, in clu d in g dividen ds pa id to th em .........................$ 2 2 ,2 3 0 ,5 3 4
F or loan s on bonds and m o rtg a g e s .....................................................
516,835
F or loan s on stock s and bonds and oth er secu rities....................
250
F or stocks and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l pa r valu e, $ 7 ,8 5 1 ,0 0 0 )......................................
7 ,8 0 9 ,8 5 3
F or in terest (oth er th an dividen d paym ents t o d e p o s ito r s )------15,927
F or cu rren t expenses o f th e bank, v iz .:
For sa la ries.........................................................................
$145,296 47
For taxes.
Banking bouse, $18.196.50; surplus,
$57,802.18 .............................................
75,988 68
For expenses, except taxes, o f banking house:
Repairs .........................................................................
2,526 69
Insurance ......................................................................
651 79
Other ..............................................................................
14,826 31
For expenses o f other real estate, v iz .:
Repairs .........................................................................
26,744 96
Insurance ......................................................................
3,316 04
Taxes ..............................................................................
19,287 15
Other ..............................................................................
27,156 85
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
39,286 37
-----------------3 5 5,080
F or rea l estate a cqu ired b y foreclosu re, o r in settlem ent o f
debts due th e b a n k ...............................................................................
2 5 4 ,M l
O ther paym ents, v iz .: F oreclosu re costs — E xpenses on real
e s t a t e ..........................................................................................................
1 5 ,7 9 0
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918,a fte r tran sa ction s o f th e d a y .................................................
6 ,9 8 1 ,8 8 9

24
37
00
55
79

31
35
82
43

$ 3 8 ,1 8 0 ,2 5 2 86
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou n ts Jan u ary 1, 1919......................................
133,961
N um ber o f a ccou n ts opened o r reopened du rin g th e y e a r ____
11,724
N um ber o f accou nts closed du rin g th e y e a r....................................
19,256
A m ount dep osited du rin g th e yea r, n o t in clu d in g dividen ds
cred ited fo r th a t p e rio d ................................................................... $ 1 7 ,8 8 2 ,3 1 3 61
A m oun t w ith draw n du rin g th e y e a r................................................. 2 2 ,2 3 0 ,5 3 4 24
A m ount o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918........................................................................... $1,747,338 31
January 1, 1919.................................................................... 1,719,82118
3 .4 6 7 .1 5 9 49
A verage am ount o f each accou n t Ja n u a ry 1, 1919....................
094 25
R ate p er cen t, o f dividen ds t o depositor® du rin g th e s ix m onths
en din g Ju n e 30, 1918 ..........................................................................
4
R ate per cen t, o f dividen ds to d ep ositors du rin g th e six m onths
en din g D ecem ber 31, 1918...................................................................
4
T ota l earn ings o f th e bank fo r th e year 1918, a fte r a llow in g
fo r a m ortiza tion o f prem ium s and d iscou n ts............................. $ 4 ,5 0 5 ,7 3 2 28
T ota l expraises o f th e bank fo r th e yea r 1918................................
3 5 5 ,0 8 0 31
D ividends p a id to dep ositors fo r th e y ea r 1918.............................
3 .4 6 7 .1 5 9 49
N et earn ings fo r the year 1918 ov er expenses and dividen ds
p a id t o d ep ositors...................................................................................
6 8 3,492 48




170

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S a v in g s B a n k s

CITIZENS* SAVINGS BANK, NEW YORK CITY
[54-68 B ow ery; Incorporated I860!

HENRY HASLER, President.
CHARLES H. SMITH. Vice-Pres.
JAMES ROWLAND, Vice-President.

HENRY SAYLER, Secretary.
EDWIN A . LAHM, Asst. Secretary.

TRUSTEES
CHAS. H. STEINW AY,
HENRY HASLER,
PERCIVAL KUHNE,
JAMES ROWLAND,
ARTHUR W . WATSON,
JOHN C. JUHRING,
JOHN M . FUCHS,

DAVID c. TOWNSEND,
CHARLES H . SMITH,
JOHN A. BEALL,
EDWARD H. TITUS,
BARAK G. COLES, Ja.
RICHARD A . BACHIA,
JULIUS DE LONG,

HENRY SAYLER,
WARNER D. ORVIS,
W ILLIAM H. SCHMIDT.
AUGUSTUS W. KELLEY,
EDWIN E. DICKINSON,
SAMUEL R. MARSHALL,
FRANK GULDEN.

F IN A N C IA L
RESOURCES
B on ds and m o r tg a g e s .............................
S tock and bon d In vestm en ts, v iz .:
Par
Stocks and bonds
value
United S ta te s ......................... 11,653,650 00
State o f New York..................
900,000 00
State o f M assachusetts........ 1,000,000 00
Cities in other S ta te s.......... 2,800,000 00
Cities in this S ta te ....'........ 3,126,000 00

$ 8 ,6 8 9 ,7 7 5 00
Original
Estimated
cost
market value
$1,642,480 00 $1,653,650 00
983,151 90
927.000 00
890.000 00
1,122,117 00
3,036,576 80
2,732,400 00
3,002,820 00
3,374,$$ 05

$9,479,650 00 $10,158,609 75

$9,205,870 00
9 ,2 0 5 ,8 7 0 00

B an kin g h ouse and lo t, b od e va lu e, $125,000; co st, $277,115.16;
a ctu a l cash v a lu e ...................................................................................
O ther rea l estate, b ook va lu e, $120,000; co st, $171,940.41;
a ctu a l cash v a lu e ...................................................................................
C a d i on d ep osit in banks o r tru s t com p a n ies.............................
C ash on hand ..............................................................................................
T o ta l o f co lle ctib le in t e r e s t ...................................................................
A m oun t o f a ll oth er assets, v iz .: U . S . W a r S avin gs and T h rift
S ta m p s .................................................. .....................................................

1 2 5 .0 0 0 00

120.000 00
1 ,1 9 1 ,9 6 0 76
2 4 0 ,0 5 9 22
187,433 89
292 62
$ 1 9 ,7 6 0 ,3 9 1 49

LIAB ILITIES
A m oun t due d ep ositors, v iz .:
Principal .............................................................................. $17,182,131 72
Dividends credited or to be credited fo r the six
months ending with December 31, 1918.....................
310,373 24
------------------ $ 1 7 ,4 9 2 ,5 0 4 96
S u rp lu s on m ark et va lu e ...................................................................... 2 ,2 6 7 ,8 8 6 53
$ 1 9 ,7 6 0 ,3 9 1 49
S u rp lu s on p a r va lu e, $2,541,666.53.
C A SH T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tr u s t com panies J a n u a ry 1,
1918, b efore tra n sa ction s o f th e d a y ...........................................$ 1 ,5 0 3 ,8 4 1 57
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d ....................
4 ,7 0 9 ,8 2 2 74
F rom in terest on loa n s, d ep osits a n d in vestm en ts....................
7 7 1 ,2 8 0 01
F rom ren ts from ban kin g h ou se......................
7 ,2 1 5 00
F rom ren ts from oth er rea l esta te .....................................................
1 0 ,69 5 58
F rom m o r tg a g e s .........................................................................................
150,475 00
F rom redem ption o f stock s and b on d s.............................................
5 9 5 ,0 0 0 00
F rom stock s and bonds sold (to ta l p a r va lu e, $ 1 8 7 ,1 0 0 )............
1 8 7 ,1 0 0 00
F rom re a l esta te s o ld ..............................................................................
4 8 ,5 0 0 00




N

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C

171

oun ty

F rom a ll oth er sou rces, v iz .:
Profit and loss account...................................................
Insurance account ............................................................

$2,342 17
98 40
------------------

$ 2 ,4 4 0 57
$ 7 ,9 8 6 ,3 7 0 47

PAYMENTS
T o dep ositors, in clu d in g dividen ds p a id to th em ......................... $ 4 ,1 7 0 ,3 9 5
4 5 ,5 0 0
F or loan s on bonds and m ortga ges....................................................
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
2 ,1 4 1 ,8 3 0
sion s, etc. (to ta l p a r valu e, $ 2 ,1 5 3 ,0 0 0 )....................................
3 ,6 5 1
F or in terest (o th e r than dividen d paym ents to d e p o s ito r s ). .
F or cu rren t expenses o f the bank, v iz .:
For salaries ........................................................................
$53,390 00
For ta x es:
Banking bouse, $3,187.33; surplus,
$20,864.54 ............................................................................
24,051 87
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
1,370 75
Insurance ......................................................................
1,974 95
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
6,299 47
Insurance ......................................................................
1,092 11
T a x e s..............................................................................
2 797 78
For other expenses, not including expenses o f other
real estate nor other expenses of banking house..
12,672 05
103,648
F or rea l estate acquired by foreclosu re, o r in settlem en t o f
8 7 ,8 6 0
debts due th e b a n k ................................................................................
O ther paym ents, v iz .: C om m issions and in su ran ce prem ium s
1,1 71
advanced ..................................................................................................
Cash on hand and in banks or tru st com panies D ecem ber 31,
1 ,4 3 2 ,3 1 2
1918, a fter tran sa ction s o f th e d a y ...............................................

16
00
00
56

98
77
40
60

$ 7 ,9 8 6 ,3 7 0 47
S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accou nts Jan u ary 1, 1919 ...................................
2 7 ,3 6 3
N um ber o f accou n ts opened o r reopened
du rin g th e y e a r......
4 ,0 5 4
N um ber o f accou n ts closed du rin g th e y e a r...................................
3 ,6 6 7
A m ount dep osited du rin g th e yea r, n o t in clu d in g dividen ds
cred ited fo r th a t p e rio d ........................................................................$ 4 ,7 0 9 ,8 2 2 74
A m oun t w ith draw n du rin g th e y e a r...............................................
4 ,1 7 0 ,3 9 5 16
A m ount o f dividen ds cred ited and pa id fo r th e yea r, v iz .:
July 1, 1918........................................................................... $304,380 23
January 1, 1919....................................................................
310,373 24
-----------------614,7 5 3 47
A verage am ount o f each accou nt Jan u ary 1, 1919.........................
639 27
N um ber o f accou nts w hich exceeded $3,000, exclu sive o f d iv i­
dends cred ited , a t th e la st tria l' balance o f dep ositors’
ledgers, excep t dep osits a risin g from society accou n ts, or
ju d icia l sales, o r tru st fu n ds, or b y ord er o f a cou rt o f record
o r o f a su rrog a te...................................................................................
1
T ota l am ount o f such a ccou n ts............................................................
$ 7 ,0 3 9 00
R ate per cen t, o f dividen ds to d ep ositors du rin g th e s ix m onths
ending Jun e 30, 1918..........................................................................
4
R ate per cen t, o f dividen ds to dep ositors du rin g th e six m onths
ending D ecem ber 31, 1918.................................................................
4
T ota l earn ings o f th e bank fo r th e year 1918, a fter a llow in g
fo r am ortiza tion o f prem ium s and d iscou n ts.............................
$ 7 7 6,0 2 0 68
T ota l expenses o f th e bank fo r th e yea r 1918..................................
103,648 98
D ividends paid to dep ositors fo r th e yea r 1918.............................
6 1 4 ,7 5 3 47
N et earn ings fo r th e yea r 1918 over expenses and dividen ds
p a id to dep ositors ..............................................................................
5 7 ,6 1 8 23




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69. COMMONWEALTH SAVINGS BANK OF NEW YORK CITY
[2007 Amsterdam avenue; incorporated 1810]
JOHN H. BOSCHEN, President.
JOHN A . MURRAY, Vice-Pres.
HERMAN W . BEYER.
JOHN H. BOSCHEN.
GEORGE H. HYDE,
JOHN R. DAVIES,
PRANK B. FRENCH,
SIGMUND WEGHSLER,
CHARLES S. GAUBERT,
VALENTINE J. HAHN,

LOUIS K. UNGRICH, Vice-Pres.
CHARLES S. GAUBERT, Secretary.

T R U ST E E S
CORNELIUS HUTH,
THOMAS F. McAVOY.
JOHN A. MURRAY.
CHRISTIAN SCHISftLOH,
WM. F. SCHNEIDER,
GUSTAV SCHOLER.
DONALD G. C. SINCLAIR,
JOHN T. M cNEILL,
LOUIS K . UNGRICH,

MARTIN WALLACE,
BURTON J. W ILKE,
CHARLES W. APPLETON,
OTTO H. SCHLOBOHM,
FREDERICK KEIM,
JOHN B. O’CONNELL,
DANIEL F. MAHONY, Ja.
W ILLIAM S. GREGORY.

F IN A N C IA L
RESOURCES
B on ds and m ortgages ......................................................
S tock and bond investm ents, v iz .:
Par
Original
Estimated
Stocks and bonds
value
cost
market value
United States...........................
$87,367 36
$87,365 36
$87,365 36
Cities in other States............
15,000 O
ft
15,465 28
15,150 00
106,200 O
ft
Cities in this State..................
110,000 00
107,326 99
School districts in this State
4,600 O
ft
4,894 09
4,806 O
ft
Railroad mortgage bonds—
229,000 00
216,081 62
202,110 00
$446,965 36

$431,133 35

$ 9 5 1,0 0 0 00

$415,631 36
4 1 5 ,6 3 1 36

O ther rea l esta te, b ook va lu e, $24,672.50; co st, $24,672.50;
a ctu a l cash v a lu e ...................................................................................
Cash on d ep osit in banks o r tru st com p a n ies...........................
C ash on hand .............................................................................................
T o ta l o f collectib le in te re st...................................................................
A m ou n t o f a ll oth er asset#, v iz .:
Furniture and fixtures......................................................
$1,000 00
Liberty Bond's held fo r subscribers...............................
47,697 50
41 75
U. S. T h rift Stamps...........................................................

2 4 ,6 7 2
1 9 1 ,6 2 4
1 2 ,3 6 4
2 4 ,7 9 1

50
20
87
68

4 8 ,7 3 7 25
$ 1 ,6 6 8 ,8 2 1 86
LIABILITIES
A m ou n t du e d ep ositors, v iz .:
Principal .............................................................................. $1,613,136 44
Dividends credited or to be credited for the six
26,072 64
months ending w ith December 31, 1918........................
---------------------- $ 1 ,6 3 9 ,2 0 9 08
Su rplu s on m arket v a lu e .....................................................................
2 9 ,6 1 2 78
$ 1 ,6 6 8 ,8 2 1 86
S u rplu s o n par valu e, $59,946.78.
C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tr u s t com panies J an u ary 1,
1918, b efore tran sa ction s o f th e d a y ...........................................
P rom d ep ositors, n ot in clu d in g dividen ds cre d ite d ....................
F rom in terest on loa n s, dep osits and in vestm en ts....................
F rom ren ts from oth er rea l esta te ....................................................
F rom m ortgages .........................................................................................
F rom redem ption o f stock s and b on d s...............................................
F rom stock s and bonds sold (to ta l par va lu e, $ 1 ,1 6 6 .1 2 ).........
F rom rea l esta te so ld ..........................................................................




$ 9 4 ,8 7 2
9 7 8 ,6 6 0
6 8 ,7 0 1
108
3 2 ,3 5 0
3 ,0 0 0
1 ,1 6 6
9 ,4 5 0

40
32
83
00
00
00
12
00

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F rom a ll oth er sources, v iz .:
Liberty Loan. Bonds.................................
U. S. certificates o f indebtedness........
W ar Savings Stamps, T h rift Stam ps..
Fire insurance premium.........................

$112,459 S
O
50,009 00
1,765 74
6 60
---------------

$104,231 84
$ 1 ,3 8 2 ,5 4 0 51

PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th em .........................
F or loan® on bonds and m ortga ges...................................................
F or stoek s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l p a r valu e, $ 6 8 ,5 3 4 )...........................................
F or in terest (oth er than divdend paym ents to d e p o s ito r s )-----F or cu rren t expenses o f th e bank, v iz .:
For salaries ........................................................................
$6,606 34
F or expenses, except taxes, o f banking house:
Repairs ...........................................................................
228 72
Insurance ......................................................................
26 94
For rent o f banking room s........................................
1,209 09
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
16 10
Taxes ..............................................................................
1,398 55
Other ..............................................................................
69 40
For other expenses, not including expenses o f other
real estate nor otherexpenses o f banking house..
78448

$ 7 57,380 61
5 9 ,5 0 0 00
6 3 ,8 6 6 50
302 37

10,229 53
F or rea l estate acqu ired b y foreclosu re, o r in settlem en t o f
debts due th e b a n k .................................................................................
O ther paym ents, v iz .: •
Commission selling real estate........................................
$212 38
Liberty Loan Bonds, U. S. certificates o f indebtedness
227,005 O
ft
T h rift Stamps, fire insurance premium........................
1,014 68

2 9 ,0 4 0 37

2 2 8 ,2 3 2 06
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y ...............................................

2 0 3 ,9 8 9 07
$ 1 ,3 5 2 ,5 4 0 51

.S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou nts Janu ary 1, 1919......................................
N um ber o f accou nts opened o r reopened du rin g th e y e a r .. . .
N um ber o f accou n ts closed du rin g th e y e a r ....................................
A m ount dep osited du rin g th e yea r, n o t in clu d in g dividen ds
cred ited fo r th a t p e r io d .......................................................................
A m ount w ith draw n du rin g th e y e a r....................................................
A m ount o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918...........................................................................
$25,106 64
January 1, 1919....................................................................
26,072 64
A verage am ount o f each accou n t J a n u a ry 1, 1919....................
R ate per cen t, o f dividen ds t o d ep ositors du rin g th e s ix m onths
en din g Jun e 30, 1918............................................................................
R ate per cen t, o f dividen ds to d ep ositors du rin g th e six m onths
ending D ecem ber 31, 1918.................................................................
T ota l earn ings o f th e bank fo r th e yea r 1918, a fte r a llow in g
fo r am ortiza tion o f prem ium s and d iscou n ts.............................
T ota l expenses o f th e bank fo r th e y ea r 1918.............................
D ividends paid to dep ositors fo r th e yea r 1918.............................
N et earn ings fo r th e yea r 1918 ov e r expenses and dividen ds
paid to depositor® ...................................................................................




8 ,5 3 9
2 ,5 4 7
1 ;5 58
$ 9 78,660 32
7 5 7 ,3 8 0 61

5 1 .1 7 9 28
191 97
4
4
$ 7 1 ,1 8 9 62
1 0,229 53
5 1 .1 7 9 28
9 ,7 8 0 81

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70. DRY DOCK SAVINGS INSTITUTION, NEW YORK CITY
[841 B ow ery; Incorporated 1848]
ANDREW M ILLS. President.
WM. F. PATTERSON, Vice-President.
BENJ. DiflP. CURTISS, Vice-President.
ANDREW M ILLS,
FREDERICK ZITTEL,
JOHN A. TACKABERRY,
W ILLIAM S. GRAY,
BENJ. DBF. CURTISS,

RICHARD T. DAVIDS, Vice-President.
SAMUEL WEBSTER. Secretary.
FRERERIGK SHERWOOD, Treasurer.

TR U ST E E S
W. M. BENNETT,
WALTER E. FREW,
WM. H . REMICK.
LORENZO DANIELS,
WM. F. PATTERSON.

GEORGE B. HODGMAN.
RICHARD T. DAVIES,
ANDREW MILLS. Jr .,
WALDRON P. BELKNAP,
AUGUSTUS H. TENNIS,

F IN A N C IA L
RESOURCES
B on ds and m ortga ges.................................................................................$ 2 8 ,9 7 7 ,2 7 5 00
S tock and bond in vestm ent, v iz .:
Par
O riginal
Estimated
Stocks and bonds
value
cost
market value
United States............................. $7,990,850 00 $7,966,316 20 $7,990,850 00
200,000 00
201,000 00
202,000 00
State o f New York..................
State o f M aryland..............
100,000 00
94,524 36
95,000 00
State o f C alifornia..................
100,000 00
96,623 20
97,000 00
250,000 00
257,740 23
257,500 00
State o f Tennessee..................
State o f M assachusetts..........
900,000 00
980,557 50
810,000 00
Cities in other States........... 4,578,000 00
4,858,396 03
4,480,755 00
4,927,1® 75
4,691,897 20
Cities in this State................ 4,783,02894
Railroad mortgage bonds---- 8,869,000 00
9,437,976 20
8,222,180 00
$27,770,878 94 $28,820,319 47 $26,847,182 20
...........
-..................... ............■
......... 2 6 ,84 7 f 182
B an k in g h ouse and lo t, b ook valu e, $150,000; cost, $568,571.31;
a ctu a l cash v a lu e ...................................................................................
1 5 0 ,0 0 0
O ther rea l esta te, b ook valu e, $93,083.54; co st, $109,771.06;
a ctu a l cash v a lu e ...................................................................................
9 3 ,0 8 3
2 ,8 4 6 ,9 5 1
C ash on d ep osit in banks o r tru st com pan ies...................................
C ash on h an d ................................................................................................. 1 ,3 1 4 ,8 5 7
T o ta l o f collectib le in te re st......................................................................
9 0 8 ,6 9 1
A m ou n t o f a ll oth er a ssets, v iz .: U . S.W a r S avin gs S ta m p s ..
2 ,4 4 4
LIAB ILITIES

20
00
54
89
53
14
00

$ 6 1 ,1 4 0 ,4 8 5 30
....................- ........ .

A m ou n t due d ep ositors, v iz .:
Principal .............................................................................. $55,027,488 36
Dividends credited o r to be credited fo r the six
months ending with December 31, 1918.....................
844,649 39
------------------ $ 5 5 ,8 7 2 ,1 3 7 75
O ther lia b ilitie s , v iz .: E xpenses in cu rred bu t u n paid, ta x e s ..
2 4 ,0 0 0 00
S u rplu s on m arket v a lu e. . ...................................................................... 5 ,2 4 4 ,3 4 7 55

S u rplu s on par va lu e, $6,168,044.29.

$ 6 1 ,1 4 0 ,4 8 5 30
:
■ ,
■

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 1918
RECEIPTS
C a d i on hand and in banks o r tru s t com panies Ja n u a ry 1,
1918, b efore tra n sa ction o f th e d a y ............................................... $ 3 ,9 4 8 ,9 9 5 35
F rom d ep ositors, n ot in clu d in g dividen ds cred ited ......................... 1 7 ,7 5 8 ,3 1 1 29
F rom in terest on loa n s, d ep osits and in vestm en ts......................... 2 ,4 8 2 ,2 3 2 93
F rom ren ts from oth er rea l esta te......................................................
2 ,6 4 4 05
F rom m o r tg a g e s ..........................................................................................
4 9 9 ,7 0 0 00
F rom redem ption o f stock s and b on d s...............................................
6 ,2 3 5 ,3 0 0 00
F rom stock s and bonds s o ld (to ta l p a r valu e, $ 1 ,4 7 7 ,3 5 0 .0 0 ).. 1 ,4 7 1 ,3 5 0 00
F rom bankers’ acceptances and b ills o f exch a n ge...........................
9 6 6 ,6 7 6 38
F rom a ll oth er sou rces, v iz .: S a le o f scra p ir o n ...........................
45 25




$33,365,255 25

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PAYMENTS
03
T o d ep ositors, in clu d in g dividen ds p a id to th em ............... $ 1 4 ,M 3 ,3 1 8
F or loa n s on bonds and m ortga ges.......................................
0 0 3 ,0 0 0
00
F or bankers’ a ccep tan ces and b ills o f exch an ge.................
9 6 6 ,6 7 6
38
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l pa r valu e, $ 1 2 ,7 8 8 ,4 0 0 .0 0 )................... 1 2 ,7 6 4 ,2 2 4
26
F or in terest (oth er than dividen d paym ents to d e p o s ito r s ). . .
1 3 ,71 3 10
F or cu rren t expenses o f th e bank, v iz .:
For salaries ........................................................................
$95,767 66
For ta xes:
Banking house, $4,992.65; surplus,
46,837 91
$41,845.26 ...........-.................................................................
For expenses, except taxes, o f banking h ouse:
R ep a irs...........................................................................
903 46
Insurance ......................................................................
605 04
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
1,322 03
Insurance ......................................................................
363 31
Taxes ............................................................................
2,216 10
For other expenses, not including expenses o f other
real estate n or other expenses o f banking (house..
23,965 35
-----------------1 7 1 ,0 7 0 80
F or rea l esta te acq u ired b y foreclosu re, o r in settlem en t o f
4 8 ,0 0 8 26
debt® due th e b a n k .............................................................................. •
O ther paym ent®, v iz .: W a r S avin gs S ta m ps..................................
1 ,5 4 5 00
Cash on hand in banks or tru st com panies D ecem ber 31, 1018,
a fte r tra n sa ction s o f th e d a y ............................................................. 4 ,1 6 1 ,8 0 0 42
$ 3 3 ,3 6 5 ,2 5 5 25
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou n ts Jan u ary 1, 1010....................................
8 7 ,17 5
N um ber o f a ccou n ts opened o r reopened du rin g th e y e a r .. . .
17,608
N um ber o f a ccou n ts closed du rin g the y e a r ....................................
14,768
A m ount dep osited du rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p e rio d ........................................................................$ 1 7 ,7 5 8 ,3 1 1 28
A m oun t w ith draw n du rin g th e y e a r................................................. 1 4 ,2 4 3 ,3 1 8 03
A m ount o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918........................................................................... $826,792 47
January 1, 1916.....................................................................
844,649 39
------------------ 1 ,6 7 1 ,4 4 1 86
A verage am ou nt o f each accou nt Janu ary 1, 1010.........................
631 23
R a te per cen t, o f dividend® to dep ositors du rin g th e six m onths
ending Jun e 30, 1018............................................................................
3%
R ate per cen t, o f dividend® t o d ep ositors d u rin g th e six m on th s
en din g D ecem ber 31, 1018...................................................................
3%
T ota l earn in gs o f th e bank fo r th e year 1018, a fter a llow in g fo r
a m ortiza tion o f prem ium s an d d iscou n ts........................
$ 2 ,4 6 8 ,3 0 4 03
T ota l expenses o f th e bank fo r th e yea r 1018....................................
1 7 1 ,0 7 0 80
D ividends p a id t o d ep ositors fo r th e year 1018.............................
1 ,6 7 1 ,4 4 1 86
N et earn in gs fo r th e yea r 1018 over expenses and dividen ds
p a id to d ep ositors...................................................................................
6 2 4 ,0 8 2 27




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71, THE EAST RIVES SAVINGS INSTITUTION, HEW YORK CITY

[291-295 Broadway; incorporated 1848J
T>ICK S. RAMSAY, President.
HENRY T. NICHOLS, Vice-President.
DANIEL W . WHITMORE, Vice-President.

g a WB v w
S& J Ss

TR U ST E E S
HENRY T. NICHOLS,
CHAS. A. O’DONOHUE,
DICK S. RAMSAY,
W ILLIAM C. TABER.
W ILLIAM C. SMITH.
JULIAN D. frAJRCHlkD,
DANIEL W. WHITMO RE, JAMES B. CLEWS,
PERCY C MAGNUS,
J. FRED. PIERSON,
JULIAN P . FAIRCHILD,

DARWIN R. JAMES, Jn.,
JAMES A. SMITH.
CHARLES B. PERKINS,
FRANK A. HORNE,
FRED. G. FISCHER.

FIN AN C IAL
RESOURCES
.$ 1 7 ,5 0 9 ,4 2 0 00
R on ds and m ortga ges................................
S tock and bond in vestm ents, v iz .:
Original
Estimated
Par
market value
Stocks and bonds
value
cost
United S ta te s......................... $3,461,300 00 $3,461,300 00 $3,461,300 00
800,900 00
State of New York...............
841,500 00
850,000 00
1,328,506 15
State o f Massachusetts........ 1,250,000 00
1,124,000 00
99,625 00
State o f Tennessee................
100,000 00
96,000 00
3,246,486 44
3,072,940 00
Cities in other States........... 3,143,000 00
Claes in this State................ 6,785,500 00
6,725,860 31
6,426,910 00
205,900 00
Counties In th is State............
210,000 00
229,267 50
36,574 92
Town* in this State...............
36,000 00
37,080 00
3,199,640 00
R ailroad mortgage bonds— 3,853,000 00.
3,702,311 75
$19,688,800 00 $19,690,831 07 $18,465,270 00
......................
............
..................... 1 8 ,4 9 5 ,2 7 0
B anking h ouse and lo t, b ook va lu e, $ 1 ,300,000; co st, $1,596,9 8 5 .7 4 ; a ctu a l cash v a lu e ...................................................................
1 ,3 0 0 ,0 0 0
O ther rea l estate, book valu e, $599,874.08; cost, $599,874.08;
a ctu a l cash v a lu e ...................................................................................
5 9 9 ,8 7 4
C ash on d ep osit in banks o r tru st com p a n ies....................................
8 5 4 ,7 8 4
Cash on ban d ..............................................................................................
11,401
T o ta l o f co lle ctib le in te re s t...................................................................
3 6 2 ,3 3 5
A m ou n t o f a ll oth er assets, v iz .: R en t a ccru ed ...........................
575
$ 3 9 ,1 0 3 ,6 6 0
LIAB ILITIES
~ ..........
A m ou n t du e d ep ositors, v iz .:
Principal ............................................................................. $34,580,440 04
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918.......................
668,335 34
------------------ $ 3 5 ,2 4 8 ,7 7 5
O ther lia b ilitie s , v iz .: L ib erty B onds d ep osits.............................
1 7 ,73 2
S u rp lu s o n m arket v a lu e ..........................................................................
3 ,8 3 7 ,1 5 2

S u rplu s on p a r valu e, $5,060,682.77.

00
00
08
12
86
92
00
98

38
83
77

$ 3 9 ,1 0 3 ,6 6 0 98
.

C A SH TR A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
C ash on hand and in banks o r tr u s t com panies Jan u ary 1,
1918, b efore tran sa ction s o f th e d a y ............................................... $ 5 ,1 6 6 ,3 6 4 94
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d ....................... 6 ,2 2 5 ,7 8 0 93
F rom in terest on loa n s, d ep osits and in vestm en ts.........................
1,68*2,146 16
F rom ren ts from ban kin g h ou se........................................................
121,897 12
F rom ren ts from oth er rea l e sta te ......................................................
6 6 ,0 5 5 76
F rom m ortgages ........................................................................................
7 3 1 ,9 7 0 00
F rom redem ption o f stock s and b on d s...............................................
3 ,6 0 5 ,8 0 0 00
F rom sto ck s and bon d s sold (to ta l p a r va lu e, $ 2 0 5 ,3 5 0 )...........
2 0 5 ,3 5 0 00
F rom a ll oth er sou rces, v iz .:




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Satisfactions, appraisal fees, refund account...........
From tenants for repairs, for power and heat...........
Liberty Loan Bonds.........................................................

$4,330 78
1,497 80
100,847 02
------------------

$ 1 0 6,0 7 5 58

$ 1 7 ,9 1 2 ,0 4 0 49
PAYMENTS
...............
T o d ep ositors, in clu d in g dividen ds p a id to th em ........................... $ 9 ,4 1 2 ,7 3 8 66
F or loan s on bonds and m ortga ges......................................................
4 1 9 ,7 5 0 00
F or stock s a n d bonds purchased, in clu d in g prem ium s, com ­
m ission s, etc. (to ta l p a r valu e, $ 6 ,8 5 0 ,2 0 0 ).................................. 6 ,8 5 0 ,2 0 0 00
F or in terest (oth er than dividen d paym ents to d e p o s ito r s ). .
5 ,7 3 2 85
F or cu rren t expenses o f th e bank, v iz .:
For salaries.........................................................................
$36,651 15
For ta xes: Banking house, |28,572.48; surplus,
$27,782.97 ; ...............................................
56,355 45
For expenses, except taxes, o f banking h ouse:
Repairs .........................................................................
23,445 64
Insurance ......................................................................
1,189 78
Other ..............................................................................
41,680 50
20,000 00
For rent o f banking room s....................
F or expenses o f other real estate, v iz .:
R ep a irs...........................................................................
17,900 60
Insurance ......................................................................
2,156 32
Taxes ..............................................................................
14,466 36
Other ..............................................................................
14,684 84
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
6,940 77
-----------------2 3 5 ,4 7 0 4 1
F or rea l estate acqu ired b y foreclosu re, o r in settlem en t o f
debts due th e bank .............................................................................. •
13 ,88 4 40
O ther paym ents, v iz .:
Repairs to banking house..............................................
$3,159 91
Repairing fire damage......................................................
2,199 50
Liberty Loan Bonds...........................................................
102,718 78
-----------------1 0 8 ,0 7 8 19
Cash on hand and in banks or tru s t com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y .................................................
866,185 98
$ 1 7 ,9 1 2 ,0 4 0 49
S T A T IS T IC A L IN F O R M A T IO N
3 1 ,93 1
N um ber o f open a ccou n ts J a n u a ry 1 ,1 9 1 9 ........................................
N um ber o f accou n ts opened o r reopened du rin g th e y e a r...........
3 ,8 9 7
4 ,9 7 9
N um ber o f a ccou n ts closed d u rin g th e y e a r ..................................
A m ount dep osited d u rin g th e yea r, n o t in clu d in g dividen ds
cred ited fo r th a t p e r io d ....................................................................... $ 6 ,2 2 5 ,7 8 0 93
A m ount w ith draw n d u rin g th e y e a r...................................................
9 ,4 1 2 ,7 3 8 66
A m ount o f dividen ds cred ited an d p a id fo r th e yea r, v iz .:
July 1, 1918........................................................................... $690,550 84
January 1, 1919....................................................................
668,335 34
1 ,3 5 8 ,8 8 8 18
A verage am ount o f each accou n t J an u ary 1, 1919.........................
1 ,1 42 62
N um ber o f accou n ts w hich exceeded $3,000, exclu sive o f d iv i­
dends cred ited , a t th e la s t tr ia l balance o f d ep ositors’ ledgers,
excep t d ep osits a risin g from so ciety accou n ts, o r ju d ic ia l
sa les, o r tru st fu n ds, o r b y ord er o f a cou rt o f record o r o f a
su rroga te ..................................................................................................
4
T ota l am ount o f such a ccou n ts............................................................
$ 1 3 ,5 4 5 53
R ate per cen t, o f dividen ds t o dep ositors du rin g th e s ix m onths
ending Jun e 30, 1918.................. .........................................................
4
R ate per cen t, o f d iv id en d s t o dep ositors du rin g th e s ix m onths
en din g D ecem ber 31, 1918.....................................................................
4
T ota l earn in gs o f th e bank fo r th e yea r 1918, a fter a llow in g
fo r a m ortiza tion o f prem ium s and d iscou n ts............................... $ 1 ,8 6 8 ,4 9 8 76
T ota l expenses o f th e bank fo r th e year 1918..................................
2 3 5 ,4 7 0 41
D ividends p a id to d ep ositors fo r th e yea r 1918.............................
1 ,3 5 8 ,8 8 6 18
N et earn in gs fo r th e yea r 1918 over expenses an d d ivid en d s
p a id t o d e p o s ito r s ...................................................................................
2 7 4 ,1 4 2 17




178
78.

R

eport

on

S a v in g s

B

anks

EMIGRANT INDUSTRIAL SAYINGS BANK, NEW YORK CITY

[SI Chambers street; Incorporated 1850]
JOHN J. PULLEYN, President.
LOUIS V. O’DONOHUE, Secretary.
MYLES TIERNEY, V ice-President
JOHN S. DALY. Com ptroller.
JAMES CLARKE, Vice-President.
JOHN T. BRENNAN, Deputy Com ptroller.
TR U ST E E S
F. F. FITZPATRICK.
JOHN J. PULLEYN,
L. V . O’DONOHUE,
ROBERT L. HOGUET,
C. V. FORNES,
JOHN G. O’KEEFFE,
EDWARD F. MCMANUS,
M3T1.ES TIERNEY,
HENRY HEIDE.
NICHOLAS F. BRADY,
JOHN J. DEERY,
JOSEPH P. GRACE.
THOMAS W. JOHNSON,
M. F. MCDERMOTT,
JOHN D. RYAN,
FRANK S. GANNON.
JAMES CLARKE,
THOMAS E. MURRAY,
F IN A N C IA L
RESOURCES
B onds and m ortga ges............................. ...................................................$ 8 5 ,0 6 5 , §78 00
S tock and bond investm ents, v iz .:
Par
O riginal
Estimated
Stocks and bonds
value
cost
market value
United States ........................ $11,000,000 00 $10,851,243 80 $11,000,000 00
State o f New York.................. 7,100,000 00
7,311,712 11
7,251,00000
State o f Alabama.................. 1,000,000 00
1,068,088 62
980,00000
State o f Arizona......................
250,000 00
252,721 75
255,00000
State o f California...............
834,000 00
826,008 64
834,59000
State o f M assachusetts......... 1,855,000 00
1,980,421 49
1,634,56000
State Of New M exico............
250,000 00
251,875 00
247,60000
Cities in other States............ 5,900,138 00
6,055,954 36
5,837,86619
Cities in this State............... 12,752,948 55 13,610,124 41
13,003,83053
Counties in this State........... 1,406,208 66
1,469,794 79
1,475,77700
Towns In this State............... 1,022,884 57
1,061,635 66
1,062,15765
V illages in this State...........
18,000 00
18,189 48
17,41500
Railroad mortgage b o n d s.... 45,190,152 58 46,028,671 40
41,311,80412
$88,579,332 36 $90,686,351 51 $84,911,500 #
P rom issory n otes ........................................................................................
B an kin g house and lo t, b ook va lu e, $2,750,000; cost, $4,441,
63 6 .3 3 ; a ctu al cash va lu e .................................................................
O ther rea l esta te, book valu e, $2,250,416.88; co st, $2,250,4 1 6 .8 8 ; a ctu a l cash v a lu e ...................................................................
Cash on d ep osit in ban ks o r tru st com pan ies................................
Cash
on h a n d .............................................................................................
T o ta l o f co lle ctib le in te re st....................................................................
A m oun t o f a ll oth er assets, v iz .:
Liberty Bonds fo r subscribers........................................ $266,000 00
U. S. certificate o f indebtedness.................................. 1,000,000 00
------------------

8 4 ,9 1 1 ,5 0 0 49
1 2 ,7 3 9 02
2 ,7 5 0 ,0 0 0 00
2 ,2 3 2 ,5 0 0
5 ,5 7 1 ,2 4 1
1 ,0 1 5 ,5 8 6
2 ,7 2 4 ,3 9 0

00
57
35
80

1 ,2 6 6 ,0 0 0 00

$ 1 8 5 ,5 4 9 ,5 3 6 23
..........

LIAB ILITIES
A m oun t du e d ep ositors, v iz .:
P rin cip a l.............................................................................$171,782,823 30
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1918..................... 3,257,528 57
$ 1 7 5 ,0 4 0 ,3 5 1 87
O ther lia b ilitie s , v iz .: L ib erty B ond d e p o sits..................................
2 1 ,8 9 0 00
S u rplu s on m ark et v a lu e ...................................................................... 1 0 ,4 8 7 ,2 9 4 36
$ 1 8 5 ,5 4 9 ,5 3 6 23
S u rplu s on p a r va lu e, $14,155,126.23.
C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru s t com panies Ja n u a ry 1,
1918, b efore tra n sa ction s o f th e d a y ............................................. $ 8 ,9 8 8 ,4 9 4
F rom d ep ositors, n ot in clu d in g dividen ds cred ited .................... 3 7 ,0 1 5 ,5 8 9
F rom in terest on loa n s, d ep osits and in v e s tm e n ts ......................... 7 ,8 8 0 ,0 7 6
F rom ren ts from ban k in g h ou se ........................................................
2 2 6 ,7 6 3
F rom ren ts from oth er rea l esta te ....................................................
9 9 ,1 9 9
F rom m ortga ges ........................................................................................ 2 ,5 7 3 ,9 7 4
F rom redem ption o f stock s and b o n d s ...............................................
6 ,6 2 4 ,4 6 9
F rom bankers’ acceptances and M ils o f e x c h a n g e .........................
5 3 2 ,3 0 3
F rom rea l esta te s o l d ...............................................................................
1 1 ,8 0 0




09
72
60
37
47
00
00
56
00

H

ew

Y

F rom a ll oth er sou rces, v iz .:
Liberty Loan Bonds......................
Sale o f old machinery...................
Discounted bank books..................
Closing sundry dormant accounts.

ork

C ounty

179

$2,030,535 00
4,500 00
19,604 75
2,115 75
------------------ $ 2 ,0 5 6 ,7 5 5 50
$ 6 6 ,0 0 9 ,4 2 5 31

PAYMENTS
T o dep ositors, in clu d in g dividen ds p a id to t h e m ......................... $ 3 7 ,3 4 3 ,4 7 3 37
6 6 3 ,9 5 0 00
F or loan s on bonds and m ortgages ...................................................
F or bankers’ acceptances and b ills o f e x c h a n g e .............................
5 3 2 ,3 0 3 56
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l p a r valu e, $ 1 8 ,4 6 3 ,9 2 7 .3 7 )............................. 1 8 ,2 4 7 ,5 3 4 46
F or in terest (oth er than dividen d paym ents to d e p o s ito r s ). . .
5 9 ,4 2 5 03
F or cu rren t exp en ses,of th e bank, v iz .:
For salaries ........................................................................ $226,253 73
For taxes Banking house, $70,080.20 ; surplus, $27,338.68 .................................................................................
97,424 88
For expenses, except taxes, o f banking h ouse:
Repairs ...............................................................................
34,98854
Insurance ....................................................................
2,399 27
Other ............................................................................
113,578 64
For expenses of other real estate, v iz .:
Repairs ...............................................................................
34,75004
6,216 79
Insurance ....................................................................
T a x e s..................................................................................
50,65784
Other ..................................................................................
32,11980
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
70,553 73
6 6 8 ,9 4 3 26
O ther paym ents, v iz .:
Liberty Loan Bonds........................................................... $1,856,215 00
Permanent improvements to other real estate........
17,944 70
Discounted bank books, judgment on depositors’ acct
32,808 01
-- --------------- 1 ,9 0 6 ,9 6 7 71
Cash on hand and in banks or tru st com panies D ecem ber 31,
1918, a fter tran sa ction s o f the d a y ...............................................
6 ,5 8 6 ,8 2 7 92
$ 6 6 ,0 0 9 ,4 2 5 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 accou n ts Janu ary 1, 1919......................................
186,766
N um ber o f accou n ts opened or reopened du rin g th e y e a r ....
2 7 ,49 4
N um ber o f accou nts closed du rin g th e y e a r..................................
2 3 ,34 3
A m ount dep osited du rin g th e yea r, n o t in clu d in g dividends
cred ited fo r th a t p eriod ..................................................................... $ 3 7 ,0 1 5 ,5 8 9 72
A m ount w ith draw n du rin g th e yea r ............................................... 3 7 ,3 4 3 ,4 7 3 37
A m ount o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918 ........................................................................... $3,230,192 83
January 1, 1918.................................................................... 3,257,528 67
------------------ 6 ,4 8 7 ,7 2 1 40
A verage am ount o f each accou n t Jan u ary 1, 1919 ....................
937 21
N um ber o f a ccou n ts w hich exceeded $3,000, exclu sive o f d iv i­
dends cred ited , a t th e la st tr ia l balan ce o f depositors*
ledgers, excep t dep osits a risin g from ' society accou nts, o r
ju d icia l sales, o r tru st fu n ds, o r b y ord er o f a co u rt o f
record o r o f a su rroga te.......................................................................
1
T ota l am ount o f such a c c o u n t s ............................................................
$ 3 ,2 9 2 66
R ate p er cen t, o f dividen ds to d ep ositors du rin g th e six m onths
en din g Jun e 30, 1918 ..........................................................................
4
R ate per cen t, o f dividen ds to dep ositors du rin g th e six m onths
en din g D ecem ber 31, 1918 .................................................................
4
T ota l earn ings o f th e bank fo r th e year 1918, a fter allow in g
fo r a m ortiza tion o f prem ium s and d is c o u n ts ............................. $ 8 ,1 9 2 ,8 0 2 40
T ota l expenses o f th e bank fo r th e yea r 1918 ...............................
6 6 8 ,9 4 3 26
D ividends paid to dep ositors fo r the yea r 1918.............................
6 ,4 8 7 ,7 2 1 40
N et earn ings fo r th e yea r 1918 over expense and dividen ds
p a id to d ep ositors ..............................................................................
1 ,0 3 6 ,1 3 7 74




180

R

78.

eport

on

S a y in g s B

anks

EMPIRE CITY SAYINGS BANK, NSW YORK CITY
[8 1 W est 125th street; Incorporated 189]

jffiwaawMUsap--

A. S. VAN WINKLE, Secretary.
HOWARD C. MURPHY, A sst. Secy.

JOSEPH WALKER, J b ., Vice-President.

W ILLIAM MOORES,
JOHN H . LOOS.

ipTO A . W m
O
W ILLIAM T KOCH.

A. PARKER NEVIN,

T R U ST E E S
EDWARD C. DELAFIELD,

s b s -^ B

t

CHAS. W . DAYTON,
CARL A. KOELSCH,

RICHARD E. COCHRAN,

ss iv s t
aa

M. L. KING,
HARTW ELL A . W ILKINS.

F IN A N C IA L ,
RESOURCES
B on ds and m ortgagee .............................................................................. $ 3 ,1 3 5 ,2 5 0 00
S tock and bond in vestm ents, v is .:
Estimated
Par
Original
Stocks and bonds
value
epst
market value
$748,700 33
United States ........................
$748,700 33
842,83 8
55,500 00
68,261 76
State o f New York...............
60,000 00
208,607 98
217,084 42
C ities in other States.........
206,396 00
342,470 00
375,737 42
Cities In th is State...............
*18,600 00
62,000 00
63,6# 00
64,462 80
Counties In this State.
50,02? S
O
#,967 35
#,600 00
Towns In .this State...............
38,310 00
36,489 97
36.000 00
V illages In this I ta te ............
31,785 00
32.000 00
32,4# 60
School districts In this State
980,484 84
1,017,794 81
968,606 96
R ailroad mortgage bonds....
$2,538,581 17

$2,594,485 25

$2,497,547 77

P rom issory n otes ........................................................................................
O ther rea l esta te, book va lu e, $263,745.05; co st, $270,415.76;
a ctu a l qash v a lu e ...................................................................................
C ash on d ep osit in banks o r tru st com pan ies....... , .....................
Cash on hand ............................................................................................
T o ta l o f co lle ctib le in t e r e s t ...................................................................
A m ou n t of a ll oth er assets, v iz .:
Rent accrued ......................................................................
*75 00
67 26
U. 8. T h rift Stamps..........................................................
Liberty Bond account........................................................
#00

2 ,4 0 7 ,5 4 7 77
4 ,9 0 1 14
263 ,7 4 5
587 ,5 0 6
31 ,1 2 3
52 ,0 7 2

06
14
45
17

172 25
LIAB ILITIES

$ 6 ,5 7 2 ,3 1 7 98
.....

A m ou n t du e d ep ositors, v iz .:
Principal .............................................................................. $6,106,484 62
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.....................
102,376 38
------------------ $ 6 ,2 0 7 ,8 6 0 90
S u rplu s 'on m arket va lu e ......................................................................
3 6 4 ,4 5 7 08

S u rplu s on p a r va lu e, $405,490.48.

$ 6 ,6 7 2 ,3 1 7 98
....;...............

C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru s t com panies J an u ary 1,
1918, b efore tran sa ction s o f th e d a y ...........................................
F rom dep ositors, n o t in clu d in g divid en d s cred ited ....................
F rom in terest on loa n s, d ep osits and investm ents .......................
F rom rent# from ban kin g h o u s e ...........................................................
F rom ren te from oth er rea l e s t a t e ....................................................
F rom m ortgages ........................................................................................
F rom redem ption o f stock s and bonds .................. ........................
F rom stock s and bonds sold (to ta l pa r valu e $ 3 8 0 ,0 0 0 )..............
F rom rea l esta te .......................................................................................




$ 4 0 4,9 2 6
3 ,0 7 5 ,1 9 7
2 6 9 ,0 8 0
7 ,0 8 0
2 6 ,9 2 8
6 0 ,5 0 0
3 3 7 ,6 9 6
3 8 0 ,0 0 0
1 ,9 1 9

15
86
30
00
43
00
00
00
82

N

ew

Y

ork

C

181

oun ty

F rom a ll oth er sou rces, v iz .:
lib e rty Loan account.......................................................
Submarine damage............................................................

$126,364 06
100 00
- ---------------

,.q
$ 1 2 0,4 6 4 6 0 '
$ 4 ,6 8 9 ,7 9 8 22

PAYMENTS
$ 2 ,5 1 8 ,3 0 5
T o d ep ositors, in clu d in g dividen ds paid to th em . . .
6 ,8 2 0
F or loan s on a tod cs and bonds and oth er secu rities
F or stocks and bonds purch ased, in clu d in g prem ium s, com m is­
1 ,3 4 0 ,7 6 8
sion s, ete. (to ta l p a r valu e, $ 1 ,3 5 2 ,9 0 0 .3 0 )........................... ....
5 ,5 8 2
F or in terest (oth er than dividen d paym ents to d e p o s ito r s ). . .
F or cu rren t expenses o f th e bank, v iz .:
For salaries ........................................................................
121,237 18
For ta x es: Banking bouse, $2,931.10;surplus, $2,967.10
6,888 20
For expenses, except taxes, o f banking bou se:
^ ^
Insurance .........................................................................
For rent o f banking room s.......................... ...................
For expenses o f other real estate, v iz .:
Repairs ...............................
Insurance ......................................................................
Taxes ..........................................
Other ............................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ouse..

91
96
71
16

427 03
10,800 00
6,034
1,862
5,997
6,417

19
Si
84
16

7,868 14
0 6 ,5 5 2 04

F or rea l esta te acqu ired b y foreclosu re, o r in settlem ent o f
debts due th e b a n k .................................................................................
O ther paym ents, v iz .:
Liberty Loan account........................................................ $126,404 66
T h rift Stamps .....................................................................
67 26

1 ,071 M i

126,461 91
Gash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fter tra n sa ction s o f th e d a y ..........................................

0 1 8 ,0 2 9 59
$ 4 ,0 8 9 ,7 9 3 22

S T A T IS T IC A L IN FO R M A TIO N
19,531
N um ber o f open accou n ts Jan u ary 1, 1 9 1 9 ......................................
N um ber o f accou nts opened or reopened d u rin g th e y e a r ............
5 ,4 8 4
4 ,6 0 6
N um ber o f accou nts closed du rin g th e y e a r .................. ...............
A m oun t dep osited d u rin g th e yea r, n o t in clu d in g dividen ds
cred ited fo r th a t p eriod ...................................................................... $ 3 ,0 7 5 ,1 9 7 80
A m ount w ith draw n du rin g th e yea r .................................................
2 ,5 1 8 ,3 0 5 91
A m oun t o f dividen ds cred ited and pa id fo r th e yea r, v iz .:
July 1, 1918...........................................................................
$86,258 20
January 1, 1919....................................................................
102,876 88
Charged a t other periods................ ...................— . . . .
18 27
188,016 31
A verage am ount o f each accou n t J an u ary 1, 1919 ....................
317 85
N um ber o f accou n ts w hich exceeded' $3,000, exclu sive o f d iv i­
dends cred ited , a t th e la st tr ia l balance o f d ep ositors’ ledgers,
except d ep osits a risin g from society accou n ts, o r ju d icia l
sales, o r tru st fu n ds, o r b y ord er o f a cou rt o f reeord o r o f a
su rrogate......................................................................................................
2
T ota l am ount o f sueh accou n ts .......................................................
$ 0 ,2 0 0 79
R ate per cen t, o f dividen ds t o d ep ositors d u rin g th e s ix m onths
en din g Ju n e 30, 1918 ........................................ .................................
m
R ate per cen t, o f dividen ds to d ep ositors d u rin g th e s ix m onths
ending D ecem ber 31, 1918 ...................................... ..........................
4
T ota l earn in gs o f th e bank fo r th e yea r 1918, a fte r a llow in g fo r
a m ortiza tion o f prem ium s and d iscou n ts ........... ......................
$298,001 39
T ota l expenses o f th e bank fo r th e y ea r 1918 .............................
6 5 ,5 5 2 64
D ividends p a id to dep ositors fo r th e y ea r 1918.................... ..
1 8 8 ,6 1 6 31
N et earn ings fo r th e yea r 1918 over expenses and dividen ds
paid to d ep ositors .................... *
........................................................
4 4 ,4 3 2 44




182

R

eport

on

S a v in g s B

anks

74 EXCELSIOR SAVINGS BANE, NEW YORE CITY
[79 W est Twenty-third street; incorporated 1869]
W ILLIAM J. ROOMS, President.
JOHN BURKE, Vice-President.
W ILLIAM H . BARRON, Vice-President.
JOHN C. GRISWOLD, Secretary.
ARTHUR PLAGE, Asst. Secy.

TRUSTEES
HENRY DAZIAN,
W ILLIAM H. BARRON,
W ILLIAM J. ROOME,
JOHN BURKE,
ROBERT J. HORNER,

W ILLIAM CRAWFORD,
EPHRAIM M. YOUMANS,
HENRY D. BREW STER,
BENJ. A. HEGEMAN, J b„
CLARENCE PRICE,

MICHAEL COLEMAN,
SAFFORD S. DeLANO,
CHARLES H. CLASS,
W ILLIAM H. W ILLIAM S,
LUCIUS S. STORRS.

F IN A N C IA L
RESOURCES
B on ds and m ortgages .............................
.$ 1 0 ,3 2 0 ,2 2 5 00
S toek and bond investm ents, v iz .:
Par
Original
Estim ated
S t o c k s a nd bonds
value
cost
market value
United States ..........................$1,806,000 00 $1,797,251 90 $1,806,000 00
9,900 00
State o f North Dakota..........
10,000 00
10,686 00
176,400 00
State o f New M exico...........
168,000 00
173,873 38
250,000 00
256,370 00
State o f Louisiana..................
244,649 80
253,773 55
State o f Oklahoma ...............
250,000 00
247,500 00
State o f South Carolina—
100,000 00
100,000 00
99,875 00
287,095 64
State o f California..................
282,550 00
800,000 00
1,426,303 93
1,403,020 00
Cities in other States............ 1,364,000 00
192,052 50
199,220 75
Cities in this State...............
193,250 00
42,189 31
40,995 00
Counties in this State...........
41,500 00
Towns in this State...............
173,500 00
194,877 39
182,535 00
281,121 94
V illages in this State............
276,392 28
294,637 26
312,121 33 ■ 308,220 00
School districts in this State
303,000 00
3,088,783 28
2,798,188 96
R ailroad mortgage bonds— 3,176,624 00
$8,412,266 28

$8,425,338 52

$8,084,853 40
8 ,0 8 4 ,8 5 3 40

O ther rea l esta te, b ook va lu e, $613,801.06; eost, $616,640.83;
a ctu a l cash v a lu e ...................................................................................
C ash o n d ep osit in banks o r tr u s t com p a n ies..................................
Cash on h a n d ..............................................................................................
T o ta l o f co lle ctib le in terest .................................................................
A m ou n t o f a ll oth er a ssets, v iz .:
U. S. W ar Savings and T h rift Stamps........................
$62 20
Insurance premiums advanced........................................
25 64

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

83
32
72
10

87 84
$ 2 0 ,2 7 6 ,5 3 2 21
LIAB ILITIES
A m ou n t due d ep ositors, v iz .:
Principal .............................................................................. $18,915,540 28
Dividends credited o r to be credited fo r the six
months ending with December 31, 1918.....................
349,095 46
O ther lia b ilitie s , v iz .: D eposits t o secure paym ent o f r e n t .. . .
S u rp lu s on m arket v a lu e ........................................................................

$ 1 9 ,2 6 4 ,6 3 5
158
1 ,0 1 1 ,7 3 8
$ 2 0 ,2 7 6 ,5 3 2

74
34
13
21

S u rplu s on p a r va lu e, $1,339,151.01.
C A SH TR A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
C ash on hand and in banks o r tru st com panies Jan u ary 1,
1918, b efore tra n sa ction s o f th e d a y ...........................................$ 1 ,1 2 4 ,7 1 2 62
F rom dep ositors, n o t in clu d in g dividen ds cre d ite d ....................... 6 ,3 1 0 ,9 8 5
F rom in terest on loa n s, d ep osits and in vestm en ts.........................
8 8 3 ,4 8 2
F rom ren ts from oth er rea l e sta te ......................................................
7 8 ,5 1 9
F rom m ortgages .........................................................................................
3 9 0 ,0 5 0
F rom redem ption o f stock s and b on d s...............................................
9 8 7 ,1 8 8 46
F rom stock s and bonds sold (to ta l p a r va lu e, $ 1 ,2 5 8 ,0 0 0 )... 1 ,2 5 7 ,5 9 5 50




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F rom bankers’ acceptances and b ills o f exch an ge.........................
$ 9 9 ,2 7 8
F rom rea l esta te sold ..............................................................................
© 5,000
F rom a ll oth er sou rces, v iz .:
Gain and loss accou n t; real estate account...............
$7,078 64
W ar Savings and T h rift Stamps..................................
9,851 80
Rent security account, insurance account, premiums
and discount .................................................................
2,303 71
U. S. certificate o f indebtedness..................................
200,000 00
lib e rty Loan Bonds...........................................................
749,319 26
Rents other real estate, insurance premiums re­
funded ..............................................................................
14,581 82
-----------------9 8 3 ,1 3 5
$ 1 2 ,1 7 9 ,9 4 7

12
00

23
09

PAYMENTS
T o depositors, in clu d in g dividends paid to th em .........................$ 6 ,0 3 1 ,2 5 7 03
2 5 8 ,0 0 0 00
F o r loans on bonds and m ortga ges...................................................
F o r bankers’ acceptances and bills o f exch ange.............................
99 ,27 8 12
F o r stock s a n d bonds purchased, in cluding prem ium s, com ­
m issions, etc. (to ta l par value, $ 3 ,8 1 8 ,8 0 0 ).................................. 3 ,8 0 2 ,3 5 9 44
F or interest (oth er than dividend paym ents t o d e p o s it o r s )..
6 ,7 9 0 27
F or current expenses o f the bank, v iz .:
For salaries ........................................................................
$53,020 03
For taxes: Surplus...........................................................
8,119 36
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
155 22
Other ..............................................................................
404 59
For rent o f banking rooms..............................................
10,000 00
For expenses of other real estate, v iz .:
Repairs ...........................................................................
17,265 94
Insurance ....................................................................
2,471 32
Taxes ............................................................................
14,512 86
Other ..............................................................................
31,759 87
For other expenses, not including expenses of other
real estate nor other expenses o f banking house—
12,841 54
------------------ 150,550 73
F o r real estate acquired b y foreclosure, o r in settlem ent o f
debts due the bank ................................................................................
105,468 37
Other paym ents, v iz .:
Liberty Loan Bonds, certificate o f indebtedness—
$869,919 26
War Savings and Thrift Stamps, insurance, revenue
stamps ..............................................................................
10,071 01
Real estate, profit and loss..............................................
64,584 82
-----------------744,575 09
Cash on hand and in banks or tru s t com panies Decem ber 31,
1918,a fte r tran saction s o f th e d a y .................................................
981,668 04
$ 1 2 ,1 79,947 09
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou n ts Jan u ary 1, 1919 ......................................
3 3 ,69 8
N um ber o f accou n ts opened o r reopened du rin g th e y e a r ...........
8 ,3 1 7
N um ber o f a ccou n ts closed du rin g the y e a r..................................
5 ,8 5 9
A m ount d ep osited du rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p eriod ..................................................................... $ 6 ,3 1 0 ,9 8 5 50
A m ount w ith draw n du rin g th e y e a r.................................................... 6 ,0 3 1 ,2 5 7 03
A m ount o f dividen ds cred ited and paid fo r th e yea r, v iz .:
July 1, 1918........................................................................... $347,689 91
January 1, 1919....................................................................
349,095 46
-----------------6 9 6 ,7 8 5 37
A verage am ount o f each a ccou n t J an u ary 1, 1919.........................
571 67
R ate per cen t, o f dividen ds to dep ositors du rin g th e six m onths
en din g June 30, 1 9 1 8 ............................................................................
4
R ate per cen t, o f dividen ds to dep ositors du rin g th e six m onths
en din g D ecem ber 31, 1918...................................................................
4
T ota l earn ings o f th e bank fo r the year 1918, a fter a llow in g
fo r a m ortiza tion o f prem ium s and d iscou n ts.............................
$9 7 2,8 8 2 48
T ota l expenses o f th e bank fo r the year 1918..................................
1 5 0 ,5 5 0 73
D ividends p a id to dep ositors fo r th e year 1918.............................
696,7 8 5 37
N et earn ings fo r th e yea r 1918 over expenses and dividen ds
paid to d ep ositors ................................................................................
125,546 38




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78. FRANKLIN SAVINGS BANK, NEW YORK CITY
[656-658 Eighth avenue; Incorporated 1860]
ERNEST K. SATTBBLEE, President.
JAMBS R. TROWBRIDGE, Com ptroller.

W ALTER B. BROWN. Secretary.
HENRY P. AICHELE, Asst, Secretary.

TRUSTIES
BERNARD KARSCH,
HOWARD C. SMITH.
CHARLES A. W ALKER,
W ILLIAM H. PORTER.
JAMBS R. TROWBRIDGE,
H. K. TW ITCHBLL.

STUART DUNCAN,
T. FRANK MANVILLE,
JOHN I. DOWNEY,
SIMEON FORD,
THEODORE HETZLER,

WM. L. D bBOST,
J. HARPER POOR.
ERNEST K. SATTERLEB
HENRY J. COCHRAN.
MICHAEL FRIEDSAM,
WILSON M. POW ELL.

IT N A N C IA E
RESOURCES
.$ 1 3 ,8 0 5 ,2 2 5 00
B on ds and m ortgages .............................
S tock and bond investm ents, v iz .:
Par
Estimated
O riginal
Stocks and bonds
value
cost
market value
United States ........................ $1,875,000 00 $1,857,511 80 $1,875,000 00
State o f New York..................
625,000 00
648,005 00
640,760 00
142,605 00
142,000 00
State o f California...........
150,000 00
77,220 00
80,340 00
State o f Delaware..................
78,000 00
129,100 00
State o f Idaho........................
130,000 00
183,477 60
596,145 35
496,600 00
550,000 00
State o f M assachusetts........
61,178 06
State o f Oklahoma..................
60,000 00
59,400 00
Cities to other S ta te s.......... 3,389,700 00
3,371,039 00
3,549,744 43
4,043,634 78
Cities In this State.................. 3,875,950 00
3,865,687 T
O
1,046,311 48
1.014.510 00
Counties in th is Slate........ 1,022,000 00
1.879.510 00
Railroad m ortgage bonds— 2,088,000 00
2,197,135 40
$13,843,650 00 $14,356,088 80 $13,650,616 76
..........—
—
—
$ 1 3 ,5 5 0 ,6 1 ®
— —
B an kin g bou se and lo t, b od e va lu e, $200,000; co st, $141,602.66;
a ctu a l cash v a lu e ..................................................................................
200,000
O th er rea l esta te, b ock va lu e, $124,378.66; co st, $152,675.34;
a ctu a l cash v a lu e ...................................................................................
1 2 4 ,3 7 8
C ash on d ep osit in banks o r tru st com p a n ies..................................
1 ,6 7 4 ,9 6 8
C ash on h a n d .................. ...........................................................................
4 1 ,8 1 4
T o ta l o f co lle ctib le in terest .................................................................
4 4 7 ,3 2 8
A m ou n t o f a ll oth er assets, v iz .:
U berty Bonds held for subscribers..............................
$118,518 50
U. S. W ar Savings Stamps..............................................
5,124 71
123,6 4 3

75
00
66
48
39
97

21

$ 3 0 ,0 2 7 ,9 7 5 40
LIA B IL IT IE S
A m ou n t due d ep ositors, v iz .:
Principal .............................................................................$27,073,951 78
Dividends credited o r to be credited fo r the six
months ending with December 31, 1918.....................
427,108 34
------------------ $ 2 7 ,5 0 1 ,0 6 0 12
S u rplu s on m arket v a lu e ..........................................................................
2 ,5 2 6 ,9 1 5 34
$ 3 0 ,0 2 7 ,9 7 5 40
S u rplu s on p a r va lu e, $2,819,948.59.
C A S K T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash cm hand and in banks o r tru st com panies Ja n u a ry 1,
1918, b efore tran sa ction s o f th e d a y ............................................... $ 1 ,4 4 4 ,0 0 0 56
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d ....................
8 ,3 4 3 ,4 4 0 64
F rom in terest on loa n s, d ep osits and in vestm en ts....................... 1 ,2 6 9 ,7 4 8 56
F rom ren te from oth er rea l e s ta t e .. ; ..................................................
1 4 ,48 2 88
F rom m ortgages .........................................................................................
2 3 3 ,0 0 0 00




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$ 1 ,0 8 0 ,0 5 0
F rom redem ption o f stock s and b on d s..................................
5 3 8 ,7 6 3
F rom stock s and bonds sold (to ta l par valu e, $540,000)
7 ,5 0 0
F rom rea l esta te sold .................................................................
F rom a ll oth er sou rces, v iz .:
Refunds — Telephone, appraisals, insurance, taxes,
compensation ...................................................................
$153 50
Sundry credits, closed accounts.....................................
102 00
Liberty Loan account.............................................................. 966,519 50
War Savings Stamps ......................................................
12,477 42
0 7 9 ,2 5 2

00
31
00

42

$ 1 3 ,9 1 0 ,2 3 8 37
P AYM EN TS

T o d ep ositors, in clu d in g dividen ds pa id to th em ........................... $ 7 ,8 8 3 ,7 6 0
F or loans on bonds an d m ortga ges................ ...................................
11,000
F or stock s and bonds purchased, in clu d in g prem ium s, com ­
m ission s, etc. (to ta l par valu e, $ 3 ,0 6 0 ,0 0 0 ).............................
3 ,0 4 2 ,5 1 1
F or in terest (oth er than dividen d paym ent t o d e p o s ito r s ). .
10,226
F or cu rren t expenses o f th e bank, v iz .:
For salaries ........................................................................
$66,779 87
For ta x es: Banking house, ^,394.98; surplus, $17,846.45 .................................................................................
27,241 43
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
1,116 15
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
2,821 34
Insurance ......................................................................
484 32
Taxes ..............................................................................
3,173 S
Z
Other ..............................................................................
3,841 26
For other expenses, not including expenses o f other
real estate nor other expense® o f ibanking house—
24,517 99
129,975
F or rea l rota te a cqu ired b y foreclosu re, o r in settlem en t o f
1 3 ,34 0
debts due th e bank ..............................................................................
O ther paym ents, v iz .:
Liberty Loan Bonds........................................................... $1,085,088 00
War Savings Stamps ......................................................
17,602 13
1 ,1 0 2 ,6 4 0
Gash on hand and in banks or tru s t com panies D ecem ber 31,
1918, a fte r tran sa ction o f th e d a y ...............................................
1 ,7 1 6 ,7 8 2

86

00
80
09

68
04

13
87

$ 1 3 ,0 1 0 ,2 3 8 37
S T A T IS T IC A L IN FO R M A TIO N
Num ber o f open accou n ts Ja n u a ry 1, 1 9 1 9 .....................................
5 8 ,3 9 ?
N um ber o f a ccou n ts opened o r reopened du rin g the y e a r...........
10,027
N um ber o f accou n ts closed du rin g th e y e a r....................................
8 ,5 7 6
A m ount d ep osited d u rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p e rio d ........................................................................ $ 8 ,3 4 3 ,4 4 0 64
A m ount w ith draw n d u rin g th e y e a r...................................................
7 ,8 8 3 ,7 6 0 86
A m ount o f dividen ds cred ited and pa id fo r th e yea r, v iz .:
July 1, 1918........................................................................... $422,927 79
January 1, 1919....................................................................
427,108 34
Credited a t other periods.................................................
106 22
8 5 0 .1 4 2 35
A verage am ou n t o f each a ccou n t J a n u a ry 1, 1919.........................
470 93
R ate per cen t, o f dividen ds to d ep ositors du rin g th e six m onths
en din g Jun e 30, 1 9 1 8 ............................................................................
m
R ate per cen t, o f dividen ds to dep ositors du rin g th e six m onths
en din g D ecem ber 31, 1918...................................................................
m
T ota l earn in gs o f th e bank fo r th e y ea r 1918, a fter a llow in g
fo r am ortiza tion o f prem ium s and d iscou n ts............................... $ 1 ,2 6 9 ,2 7 2 24
T ota l expenses o f the bank fo r the yea r 1918..................................
129,975 68
D ividends p a id t o dep ositors fo r th e yea r 1918.............................
8 5 0 .1 4 2 35
N et earn ings fo r th e yea r 1918 ov er expenses and dividen ds
paid t o d e p o s it o r s .................................................................................
2 8 9 ,1 5 4 21




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78. T H E G REEN W ICH SA V IN G S B A N E , N E W Y O R K C IT Y
[246-248 Sixth avenue; incorporated 1838]
JAMES QUINLAN, President.
L. D. QUACKENBUSH, Com ptroller.
DAVID M. MORRISON, Vice-President. W ALTER H. LYMAN. Asst. Com ptroller.
FRANCIS M. BACON. Jr.. Vice-President. F. EUGENE COBB. Assistant Treasurer.
CHARLES M. DUTCHER, Treasurer.
HUBERT E. BROWER, Asst. Treasurer.
CHARLES, L. SEIBERT, A sst. Treas.
DAVID M. MORRISON,
JAMES QUINLAN,
WM. R. STEW ART,
L. K. WTLMERDING.
CHAS. D. DICKEY,
THEO. F. WHITMARSH,

T R U S T IE S
EDWIN G. M ERRILL,
ARTHUR I SELIN,
FRANCIS M. BACON, J h., ALBERT H. WIGGIN,
GATES W. McGARRAH,
WM. WOODWARD,
B. OGDEN CHISOLM.
GEORGE BLAGDEN,
THOMAS W . SLOCUM.
HENRY C. SWORDS,
ALLEN WARDW ELL,
C. MORTON WHITMAN.
EDWIN S. MARSTON,

F IN A N C IA L
RESOURCES
$ 3 2 ,6 8 4 ,0 0 0 00
B on ds and m ortgages ....................
S tock and bond investm ents, v iz .:
Original
Estimated
Par
cost
market value
Stocks and "bonds
value
United States .......................... $2,957,529 72 $2,957,528 72 $2,957,529 72
708,697 33
708.000 00
650,000 00
State o f New York..................
1,826,020 00
2,182,187 01
State o f M assachusetts........ 2,035,000 00
326,286 16
277,300 00
State o f Rhode Island1
........
2%, 000 00
396.000 00
402,175 91
State o f M aryland..................
400,000 00
48,274 69
49,000 00
50,000 00
State o f M issouri ..................
615,021 70
509,500 00
State 6t Tennessee..................
600,000 00
292,019 13
288,140 00
State o f C alifornia..................
300,000 00
7,263,015 00
7,978,995 52
Cities in other States........... 7,602,000 00
8,142,963 78
7,672,008 66
Cities in this State............... 7,782,558 33
Railroad mortgage bonds— 18,281,000 00 20,131,199 38 17,238,820 00
$40,753,088 05 $43,683,330 33 $39,185,333 38
1
...............
= = = = = 3 9 ,1 8 5 ,3 3 3
B anking bou se and lo t , book valu e, $250,000; co st, $611,686.52 ;
a ctu a l cash va lu e ...................................................................................
3 0 0 ,0 0 0
O ther rea l estate, book va lu e, $1,039,193.24; co st, $1,357,909.99;
a ctu a l cash va lu e .................................................................................
1 ,0 1 4 ,0 0 0
Cash on dep osit in banks o r tru st co m p a n ie s .................................. 3 ,0 9 0 ,1 0 3
Cash on hand ..............................................................................................
7 7 4 ,3 2 8
T o ta l o f collectib le in terest .................................................................
1 ,1 2 0 ,1 3 9
A m ou n t o f a ll oth er assets, v iz .:
Rent accrued .....................................................................
$1,085 98
U. S. T h rift Stamps........................................................
4 96
--------- -------1 ,0 9 0
$ 7 8 ,1 6 8 ,9 9 5

38
00
00
57
24
60

94
73

LIAB ILITIES
A m oun t du e dep ositors, v iz .:
Principal .............................................................................. $70,330,791 21
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918..................... 1,359,949 57
------------------ $ 7 1 ,6 9 0 ,7 4 0 78
O ther lia b ilitie s , v iz..
H eld for m ortgagor’s account and fo r fire losses—
$8,765 16
Expenses incurred, but unpaid.....................................
2,058 09
-------------------------------------- 1 0 ,82 3 25
S u rplu s on m arket valu e ...................................................................... 6 ,4 0 7 ,4 3 1 70
$7 8 ,1 6 8 ,9 9 5 ~ 7 3
S u rplu s on p a r va lu e, $8,035,186.37.
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 1918
RECEIPTS
C ash on hand and in banks o r tru s t com panies J an u ary 1,
1918, b efore tran sa ction s o f th e d a y ............................................... $ 5 ,1 2 9 ,5 2 9
F rom d ep ositors, n ot in clu d in g dividen ds cred ited .................... 1 0 ,3 2 3 ,0 4 3
F rom in terest on loa n s, dep osits and in vestm ents ....................
3 ,4 1 2 ,5 6 3
F rom ren ts from oth er rea l e s t a t e ......................................................
120,952




46
54
97
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F rom m ortgages
...................................................................................... $ 1 ,3 6 3 ,5 2 5 00
F rom redem ption o f stock s and bonds .............................................
6 9 9 ,2 5 0 00
From stock s and bonds sold (to ta l pa r valu e, $ 1 ,5 6 1 ,0 5 6 .8 2 ).. 1 ,5 6 1 ,0 5 6 82
F rom rea l esta te sold ...............................................................................
1 4 3 ,0 0 0 00
F rom a ll oth er sources, v iz .:
Rentals o f mortgaged property — account second
$66,519 60
mortgage ..........................................................................
Repayments — expenses, advances for m ortgagors—
27,307 06
Fire losses, receiver...........................................................
4,684 33
-------------------------------------- 9 8 ,5 1 0 99
$ 2 2 ,8 5 1 ,4 3 1 83
PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id t o t h e m .......................... $ 1 4 ,6 1 0 ,4 1 9 12
F or loan s on bonds and m ortg a g es.,....................................................
2 4 5 ,7 5 0 00
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l pa r valu e, $ 3 ,2 5 1 ,1 5 8 .5 0 )..................................
3 ,2 5 1 ,1 5 8 50
F or in terest (oth er than dividen d paym ents t o d e p o s ito r s )____
7 ,9 8 7 28
F or cu rren t expenses o f th e bank, v iz .:
F or salaries ........................................................................ $140,048 28
For ta xes: Banking house, $9,008.40; surplus, $56,063.95 ...........................................................................
65,062 ®
For expenses, except taxes, o f banking h ouse:
Repairs ...........................................................................
1,244 87
Insurance ...............................................
1,039 60
Other ..............................................................................
2,839 46
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
10,522 19
Insurance ......................................................................
4,624 15
Taxes ............................................................................
26,607 00
Other ..............................................................................
40,694 67
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
36,785 42
-----------------329,467 89
F or rea l estate acqu ired b y foreclosu re, o r in settlem en t o f
debts due th e b a n k ................................................................................
4 3 9 ,4 3 8 34
O ther paym ents, v iz .:
M ortgagor’s rentals to second mortgagee..........................
$66,89524
Alterations, other real estate .....................................
9,292 51
25,59114
Advances for m ortgagor’s account......................................
Tellers’ shortage — refunded.............................................
1,00000
-----------------102,778 89
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fte r tran sa ction s o f th e d a y ...............................................
3 ,8 6 4 ,4 3 1 81
$ 2 2 ,8 5 1 ,4 3 1 83
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open a ccou n ts Jan u ary 1, 1919......................................
100,010
N um ber o f accou n ts opened o r reopened du rin g th e y e a r...........
10,037
N um ber o f accou nts closed du rin g th e y e a r..................................
1 2 ,72 0
A m ount dep osited d u rin g th e yea r, n o t in clu d in g dividends
cred ited fo r th a t p eriod ...................................................................... $ 1 0 ,3 2 3 ,0 4 3 54
A m ount w ith draw n du rin g th e yea r ............................................... 1 4 ,6 1 0 ,4 1 9 12
A m oun t o f dividen ds cred ited an d p a id fo r th e yea r, v iz .:
July 1, 1918................................................................................. $1,317,92971
January 1, 1919......................................................................... 1,359,94957
------------------ 2 ,6 7 7 ,8 7 9 28
A verage am ount o f each accou n t Ja n u a ry 1, 1 9 1 9 _ ,..............
_
716 83
R ate per cen t, o f dividen ds to dep ositors d u rin g th e s ix m onths
ending Jun e 30, 1918 ..........................................................................
3% and 4
R ate per cen t, o f dividen ds to dep ositors d u rin g th e s ix m onths
en din g D ecem ber 31, 1918 .................................................................
4
T ota l earn ings o f th e bank fo r th e year 1918, a fter a llow in g fo r
a m ortiza tion o f premium® and discou n ts .................................... $ 3 ,4 0 8 ,6 7 9 60
T ota l expenses o f th e bank fo r th e year 1918 ............................
3 2 9 ,6 2 8 53
D ividends paid to d ep ositors fo r th e year 1918 ............................ 2 ,6 7 7 ,8 7 9 28
N et earn in gs fo r th e y ea r 1918 over expenses and dividen ds
p a id t o d ep ositors ..............................................................................
401,1 7 1 79




188

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eport

on

S a v in g s B

anks

77. HARLEM SAYINGS BANK, NEW ¥ORK CITY
[1M B ast 125th street ; Incorporated 1863]
'W ILLIAM E. TROTTER, President,
GRANVILLE F. DAILEY. Viee-Pre*.
JOHN 3. BELL, Vice-President.

THOMAS R. EBERT, Secretary.
FRED’K M. GALLAGHER, Asst. Secy.
ROBERT C. HART, Asst. Secretary.

TRUSTEES
WILLIAM E. TBOTTBR.
HENRY B. PYE.
GRANVILLE F. DAILEY, JOHN F. STEEVES.
---------- SOMERVILLE, WALTER P. _SILLBfcK.
ERNEST V. CONNOLLY,
A. B. WESTERVELT,
M w m b.
>

mm

OLIN 3. STEPHENS.
WARREN A. LEONARD,
ALEXANDER WALKER,
THOMAS H EBERT,
RANSOM E. WILCOX.

FINANCIAL
RESOURCES
.$ 1 5 ,4 4 3 ,2 8 0 00
B on ds and m o r tg a g e s .............................................
S tock and bond in vestm ents, v iz .:
O riginal
Estim ated
Par
cost
market value
Stocks and bonds
value
United States ........................ $1,717,050 00
$1,717,050 00 $1,717,060 00
715.000 00
713,062 50
State o f New Y ork.................
700,000 00
193.000 00
242,092 00
State o f M assachusetts.........
220,000 00
95,250 00
94,000 00
State of California.
100,000 00
209,820 89
208.000 00
State o f Tennessee................
200,000 00
622,500 00
660, 000 00
681,432 66
C ities in other S tates.........
4,100,821 30
4,185,630 00
4,262,873 49
Cities In this State.............
206,404 10
184,020 00
189,000 00
Villages in this State..........
4,617,600 00
5,246,000 00 5,407,121 90
Railroad! mortgage bon d s...
$13,206,680 00 $13,634,116 54 $12,462,501 30
1 2 ,4 5 2 ,5 0 1 30
B an kin g h ouse and lo t, b ook va lu e, $225,000; ca st, $354,253.91;
a ctu a l enah valu e
O th er re a l estate, b ook valu e, $331,500; co s t, $375,401.66;
a ctu a l cash va lu e ................................................................................
C a d i on d e p o sit in banks o r tr u s t c o m p a n ie s .............................
Cash on ban d ..............................................................................................
T ota l o f co lle ctib le in terest ............................................... .................

2 2 5 ,0 0 0 00
3 3 1 ,5 0 0
1 ,8 1 8 ,9 6 7
3 0 2 ,6 3 7
2 9 9 ,9 4 3
$ 3 0 ,8 7 3 ,9 2 0

00
46
77
66
19

LIABILITIES
A m ou n t du e d ep ositors, v iz .:
Principal .............................................................................$27,821,377 74
D ividends credited or to be credited fo r the six
months ending w ith December 31, 1918........................
606,770 54
------------------ $ 2 8 ,3 2 8 ,1 4 8 28
S u rp lu s on m arket va lu e ........................................................................ 2 ,5 4 5 ,7 7 1 91
$ 3 0 ,8 7 3 ,9 2 0 19
S u rplu s on p a r va lu e, $3,299,860.61.
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 1918
RECEIPTS
G ash cm hand and in banks o r tru st com panies J an u ary 1,
1918, b efore tran sa ction s o f th e d a y ............................................. $ 1 ,7 9 0 ,6 7 9
F rom d ep ositors, n ot in clu d in g dividen ds cred ited ....................
7 ,3 1 1 ,0 8 6
F rom in terest cm loa n s, dep osits and in v e s tm e n ts ....................... 1 ,3 1 0 ,1 4 0
F rom ren ts from o th e r rea l estate ....................................................
4 0 ,1 2 1
F rom m ortga ges ........................................................................................
5 6 6 ,0 2 0
fr o m redem ption o f stock s and b o n d s ...............................................
1 8 8 ,2 9 0
F rom stock s and bonds so ld (to ta l p a r va lu e, $382,650) ____
3 8 2 ,6 5 0
F rom re a l esta te sold ..........................................................................
2 5 7 ,3 2 3
F rom a ll oth er sources, v iz .:
R eceiversh ips ................................................. ............................................
2 ,3 9 8




78
97
10
74
00
00
00
92
91

$11,848,711 42

N

ew

Y

ork

C oun ty

189i

PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id t o t h e m ......................... $ 7 ,3 5 3 ,8 3 7
2 4 5 ,0 0 0
F or loams on bonds and m ortgages ...............................................
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l p a r valu e, $1,750,000) .................................... 1 ,7 5 0 ,0 0 0
52ft
F or in terest (o th e r than dividend paym ents to d e p o s ito r s !. .
F or cu rren t expenses o f th e bank, v is .:
For salaries........................................................
182,082 49
For ta x es:
Banking house, 16,908.98; surplus,
$23,212.26 ..................................................................
30,116 23
For expenses, except taxes, o f banking house:
Repairs ....................................................................
289 14
Insurance .............................................................
186 67
F or expenses o f other m il estate* v is .:
R ep a irs...........................................................................
22,687 67
989 27
Insurance ..................................
T a x e s ..............................................................................
K>,446 22
For other expenses, not including expenses o f other
real estate nor other expenses o f banking b oose..
14,966 96
141,612
F or rea l estate acqu ired b y foreclosu re o r in settlem en t o f
2 3 6 ,1 2 0
debts due th e b a n k ................................................................................
Cash on hand and in banks o r tru s t com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y .................................................
2 ,1 2 1 ,6 0 5

99
00
00
63

54
03
23

$ 1 1 ,8 4 8 ,7 1 1 42
S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open a ccou n ts Jan u ary 1, 1919 ..................................
5 7 ,3 3 3
N um ber o f accou n ts opened o r reopened d u rin g th e yea r . . . .
7 ,9 2 8
N um ber o f accou n ts closed du rin g th e yea r ..................................
9 ,6 8 5
A m ou n t dep osited du rin g th e yea r, n o t in clu d in g dividen ds
cred ited fo r th a t p eriod ..................................................................... . $ 7 ,3 1 1 ,0 8 6 97
A m oun t w ith draw n du rin g th e y ea r ...............................................
7 ,3 5 3 ,8 3 7 99
A m oun t o f dividen ds cred ited and p a id fo r (h e yea r, v iz .:
July 1, 1918........................................................................... $441,977 98
January 1, 1919....................................................................
606,770 64
9 4 8 .7 4 8 32
A verage am ou nt o f each accou nt Ja n u a ry 1, 1919....................
494 09
R a te per cen t, o f dividen ds to d ep ositors d u rin g th e s ix m onths
en din g Ju n e 80, 1918 ..........................................................................
3%
R a te p er cen t, o f dividen ds t o d ep ositors d u rin g th e s ix m onths
ending D ecem ber 31, 1918 .................................................................
4
T ota l earn ings o f th e bank fo r th e yea r 1918, a fter a llow in g fo r
a m ortiza tion o f prem ium s and discou n ts .................. ............... $ 1 ,3 5 0 ,1 7 7 33
T ota l expenses o f tn e hank fo r th e yea r 1 9 1 8 .............................
141,612 54
D ividends p a id t o d ep ositors fo r th e y ea r 1918...........................
9 4 8 .7 4 8 52
N et earn ings fo r th e yea r 1918 over expenses and dividen ds
p a id to d e p ositors...................................................................................
2 5 9 ,8 1 6 27




190

R

eport

on

S a y in g s B

anks

m THE IRVING SAVINGS INSTITUTION, NEW YORK CITY
[116 Chambers street; Incorporated 1851]
HAMPDEN E. TEN 1R, President.
GEORGE B. DUNNING, Secretary.
HENRY KROGER, Vice-President.
J. B. ANDERSON, Assistant Secretary.
JOHN O. W ILLIAM S. Vice-President.

TRUSTEES
JOHN W . N IX,
HENRY KROGER,
JOHN O. W ILLIAM S,
WM. C. DEMOREST.
JAMES H. KILLOUGH,
D. BECKERMANN,

SAMUEL S. CONOVER,
GEORGE B. DUNNING,
HAMPDEN E. TENER,
SAMUEL B. DOWNES,
JOHN TIEBOUT,
EUGENE M. TRAVIS,
NATHAN F . VOUGHT

W ILLIAM H. FRAME,
JOHN J. WALTON,
W ILLARD S. BROWN,
GEORGE N. ROBINSON,
WM. F. MORGAN,
WM. P. MASON.

F IN A N C IA L
RESOURCES
B onds and m ortgages .............................................................................. $ 1 1 ,6 7 0 ,2 0 0 00
S tock and bond investm ents, v iz .:
Par
Original
Estim ated
Stocks and bonds
value
cost
market value
$877,783 76
$905,375 50
United States.......................... $905,375 50
State o f C alifornia................
50,000 00
48,246 45
48.600 00
49.600 O i
O
60,772 30
State o f Oklahoma..................
50,00000
104,000 00)
State o f Tennessee................
100,000 00
103,491 40
49,221 %
49,000 00
State o f Utah..........................
60,000 00
1,558,706 00
Cities in other States........... 1,661,000 00
1,654,828 96
1,740,256 70
Cities in th is State................ 1,677,400 00
1,648,953 00
73,335 OI
O
69,375 00
70,000 00
Counties in this State..........
26,707 20
24,980 00
Towns in this State...............
26,000 O i
O
101,808 50
91,565 00
V illages in this State...........
96,500 00
4,911,977 13
4,317,610 00
Railroad mortgage bonds— 4,713,000 00
$9,299,275 50

$9,638,429 25

$8,867,563 50
8 ,8 6 7 ,5 6 3 50

B anking house and lo t, b ook va lu e, $80,000; cost, $113,000;
a ctu a l cash valu e ...................................... ..........................................
O th er rea l estate, book valu e, $163,902.54; eost, $167,785.65;
a ctu a l cash v a lu e ...................................................................................
C ash on d ep osit in banks o r tru st com pan ies..................................
C ash on hand ............................................................................................
T ota l o f collectib le in te re s t...................................................................

8 0 ,0 0 0 00
1 6 7 ,7 8 6
5 9 3 ,9 4 6
9 8 ,8 7 5
2 0 6 ,6 6 9
$ 2 1 ,6 8 5 ,0 4 1

65
42
56
99
12

LIAB ILITIES
A m oun t due d ep ositors, v iz .:
Principal .............................................................................. $19,938,255 76
Dividends credited or to be credited fo r the six
386,106 04
months ending with December 31, 1918......................
S u rplu s on m arket valu e ......................................................................

-$20,324,361 80
1 ,3 6 0 ,6 7 9 32
$ 2 1 ,6 8 5 ,0 4 1 12

S u rp lu s on par va lu e, $1,792,391.32.
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 1918
RECEIPTS
C ash on hand an d in ban ks o r tr u s t com panies J an u ary 1,
1918, b efore tran sa ction s o f tb e d a y ............................................... $ 1 ,4 7 0 ,7 1 5 18
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d ....................... 3 ,0 3 0 ,6 8 8 87
F rom in terest on loa n s, dep osits and in vestm en ts.........................
1 ,0 0 9 ,3 6 3 ,6 3
F rom ren ts from oth er rea l e sta te ....................................................
9 ,9 4 8 00
F rom m ortgages ........................................................................................
2 4 7 ,5 5 0 00
F rom redem ption o f stock s and b on d s...............................................
4 0 4 ,7 5 0 00
F rom stock s and bonds s o ld (to ta l p a r va lu e, $ 1 ,0 1 8 ,8 7 6 .2 7 ).. 1 ,0 0 0 ,0 7 9 57
F rom loa n s p a id ..............: .......................................................................
1 0 0 ,0 0 0 00
F rom a ll oth er sources, v iz .: T h rift S ta m p s.............................
172 00




$7,273,267 25

N

ew

Y

ork

C

ounty

191

PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th em ......................... $ 4 ,8 7 1 ,8 8 2
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
1 ,4 7 5 ,0 3 7
sion s, etc. (to ta l pa r valu e, $ 1 ,5 0 2 ,6 2 9 )......................................
5 ,6 2 9
F or in terest (o th e r th an dividen d paym ents to d e p o s ito r s ). . .
F or cu rren t expenses o f th e bank, v iz .:
For salaries..........................................................
$36,483 97
For ta xes: Banking house* $1,988.00; surplus,
$8,065.26 ..............................................................................
10,051 26
For expenses, except taxes, o f banking h ouse:
Repairs ...........................................................................
236 28
Insurance ......................................................................
24 34
O th e r..............................................................................
679 62
For expenses o f other real estate, v iz .:
R ep a irs...........................................................................
1,447 50
Insurance ......................................................................
317 52
T a x e s ..............................................................................
1,593 00
O th e r..............................................................................
2,706 87
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
6,570 42
6 0 ,0 1 0
F or rea l estate acqu ired b y foreclosu re, o r in settlem en t o f
167,785
debts du e th e b a n k ..............................................................................
O ther paym ents, v iz .: T h rift S tam ps.................................................
100
Cash on ban d and in banks o r tru s t com panies D ecem ber 31,
692,821
1918, a fter tran sa ction s o f th e d a y ...............................................

23
26
35

78
65
00
98

$ 7 ,2 7 3 ,2 6 7 25
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou n ts Jan u ary 1, 1919......................................
2 2 ,4 1 6
N um ber o f accou n ts opened o r reopened du rin g th e y e a r ...........
1 ,9 04
N um ber o f accou n ts closed du rin g th e y e a r ....................................
3 ,0 7 8
N um ber deposited du rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p e rio d ..................................................................... $ 3 ,0 3 0 ,6 8 8 87
A m ou n t w ithdraw n du rin g th e y e a r.................................................
4 ,8 7 1 ,8 8 2 23
A m ou n t o f dividen ds cred ited an d p a id fo r th e yea r, v iz .:
July 1, 1918..........................................................................
$398,621 79
January 1, 1919....................................................................
386,106 04
7 8 4 .7 2 7 83
A vera ge am ount o f each accou nt Ja n u a ry 1, 1919.......................
906 69
R ate per cen t, o f dividen ds to dep ositors d u rin g th e s ix m onths
en din g Ju n e 30, 1918 ..........................................................................
4
R ate per cen t, o f dividen ds to dep ositors d u rin g th e s ix m onths
en din g D ecem ber 31, 1918.................................................................
4
T ota l earn ings o f the hank fo r the yea r 1918, a fte r a llow in g fo r
a m ortiza tion o f prem ium s and d iscou n ts......... ............................ $ 1 ,0 0 1 ,6 8 3 25
T ota l expenses o f th e bank fo r th e yea r 1918.................................
6 0 ,0 1 0 78
D ividends pa id to d ep ositors fo r th e yea r 1918.............................
784.727 83
N et earn in gs fo r th e yea r 1918 over expenses and dividen ds
pa id t o d ep ositors ..............................................................................
1 5 6 ,9 4 4 64




102

R

epost

oh

S a v in g s B a n k s

79. ITALIAN SAVINGS BANS OF THE CITY OF NEW YOKE
[64-66 Spring street; incorporated 1896]
JOSEPH N. FRANCOLINI, President
BERNARD J. McCANN, Treasurer.
DOMENICO SALAD1NO, Vice-President.
PASQUAL1 1. S1MONELL1, Secretary.
JOHN ELTON WAYLAND, Vice-President.

TRUSTEES
DOMENICO ABBATE,
ANTONIO C. ASTARITA,
NICHOLAS J. BARRETT,

CELESTINO PIVA ,
DOMENICO SALAD INO,
P. I. 8IMONELLI.
BERNARD J. McCANN,
GBOROB W. LOFT,

ANTONIO z u c g a ,
ROBERT W. BERNi
7. BERNARD,
GIAM8ATXSTA V ITE LLI.

F IN A N C IA L
RESOURCES
B on ds and m ortgages ....................
$ 4 ,1 7 5 ,5 8 5 00
S tock and bond in vestm ents, v iz .:
Original
Estimated
cost
Stocks and tends
value
market value
United States ............................. *1,267,150 00 *1,249,944 70 $1,267,150 00
24,596 00
24,000 00
23,760 00
State o f New York..................
267,186 25
265,010 00
Cities in other States..........
258,000 00
Cities in this sta te ...........
261,700 00
267,755 84
260, 087 25
Villages In this State...........
25,000 00
26,093 75
24,250 00
Railroad mortgage b on d s.... 1,090,00000
1,111,398 75
1,024,840 00
$2,926,850 00 $2, 945,975 29 $2,865,097 25
.................... = = = = = = r..........,.........
P rom issory n o t e s ....... , ........................................... .................................
O th er re a l esta te, book va lu e, $72,183.60; co st, $72,183.69;
a ctu a l eash v a lu e ...................................................................................
C a sh on d ep osit in banks o r tru st com p an ies....................................
Gash, o n h an d ............................................................... ...............................
T o ta l o f co lle ctib le in t e r e s t ...................................................................

2 ,8 6 5 ,0 9 7 25
3 4 5 ,0 0 0 00
7 2 ,1 8 3
6 2 2 ,0 2 8
6 3 ,9 4 3
5 6 ,2 3 1

60
02
96
76

$ 8 ,2 0 0 ,0 7 0 m
LIAB ILITIES
A m ou n t du e d ep ositors, v iz .:
Principal .............................................................................. $7,660,464 65
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1918.......................
109,229 64
O ther lia b ilitie s , v iz .: L ib erty B on d d ep osits
S u rp lu s on m arket v a lu e .........................................

$ 7 ,7 6 9 ,6 0 4 20
4 2 ,8 9 6 00
3 8 7 ,4 8 0 29
$ 8 ,2 0 0 ,0 7 0 58

S u rplu s on par valu e, $449,233.04.
C A SH TR A N SA C T IO N S D U R IN G T H E Y 1 A B 1018
RECEIPTS
C ash on hand an d in banks o r tr u s t com panies Ja n u a ry 1,
1918, b efore tran sa ction s o f th e d a y ...............................................
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d ....................
F rom in terest on loa n s, d ep osits a n d in vestm en ts.......................
F rom ren ts from oth er re a l e sta te ......................................................
F rom m ortga ges .........................................................................................
F rom redem ption o f stock s and b on d s...............................................
F rom bankers’ acceptances an d b ills o f exch a n ge.........................
F rom re a l esta te s o ld .................................................................................
F rom a ll oth er sou rces, v iz .: L ib erty L oan clu b .........................




$ 5 6 5,4 0 9
4 ,4 0 1 ,9 1 4
3 2 2 ,0 5 5
2 ,9 1 5
9 8 ,6 6 5
1 ,8 7 3 ,8 0 0
7 5 ,0 0 0
8 ,3 0 1
2 8 1 ,1 8 3

06
21
06
62
00
00
00
34
00

$ 7 ,1 2 0 ,2 4 3 20

N

ew

Y

ork

County

193

PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th a n ............................. $ 2 ,9 7 8 ,6 3 2
1 2 9 .0 0 0
F or loams on bonds and m ortga ges.....................................................
4 2 0 .0 0 0
F o r loa n s on stock s and bonds an d oth er secu rities....................
F or stock and bonds purch ased, in clu d in g prem ium s, com m is­
sion s, e tc. (to ta l par va lu e, $ 2 ,5 5 4 ,7 0 0 ).................. _
................... 2 ,5 4 0 ,8 8 8
4 ,5 0 2
F or in terest (o th e r th a n dividen d paym ents to d e p o s ito r s )-----F or cu rren t expenses o f (h e bank, v iz .:
124,861 71
For salaries...................................................
I , 976 16
For ta xes: Surplus...................................
4,152 38
For rent o f banking room s......................
For expenses o f other real estate, v iz .:
699 60
R ep a irs..................................................
678 20
For other expenses, not including expenses o f other
I I,
884 14
real estate nor other expenses o f banking bouse..
4 3 ,6 5 2
F or rea l esta te a cqu ired b y foreclosu re, o r in settlem en t o f
5 4 ,7 7 4
debts du e th e bank ..............................................................................
O ther paym ents, v iz .: L ib erty L oan C lu b ......................................
2 7 1 ,8 2 0
Cash on hand and in banks o r tr u s t com panies D ecem ber 31,
1918, a fte r tra n sa ction s o f th e d a y ...............................................
6 8 5,972

75
00
00
28
92

18
28
00
88

$ 7 ,1 2 9 ,2 4 3 29,
S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open account® J an u ary 1, 1919......................................
2 0 ,59 5
N um ber o f a ccou n ts opened o r reopened d u rin g th e y e a r...........
4 ,5 2 7
N um ber o f a ccou n ts closed du rin g th e y e a r......................................
3 ,2 7 2
Am ount, dep osited du rin g th e yea r, n o t in clu d in g dividen ds
cred ited fo r th a t p e rio d ........................................................................ $ 4 ,4 0 1 ,9 1 4 21
A m oun t w ith draw n d u rin g th e y e a r.................................................... 2 ,9 7 8 ,6 3 2 75
A m ou n t o f d ivid en d s cred ited an d pa id fo r th e yea r, v iz .:
*98,606 92
July 1, 1918............................................................................
January 1, 1919....................................................................
109,229 64
2 0 7 ,7 3 6 56
A verage am ount o f each a ccou n t Jan u ary 1, 1919....................
371 00
R ate per cen t, o f dividen ds t o depositor® d u rin g th e six m onths
en din g Ju n e 30, 1 9 1 8 ................................................. ..........................
m
R ate per cen t, o f dividend® to d ep ositors d u rin g th e six m onths
ending D ecem ber 31, 1918...................................................................
T ota l earn ings o f th e bank fo r the yea r 1918, a fte r a llow in g fo r
a m ortiza tion o f prem ium s and d iscou n ts....................................
$ 3 2 9,2 0 0 34
T ota l expenses o f th e bank fo r th e yea r 1918..................................
4 3 ,6 5 2 18
D ividends p a id to d ep ositors fo r th e yea r 1918.............................
207,7 3 6 56
N et earn in gs fo r th e y ea r 1918 ov er expenses and dividen ds
p a id t o d ep ositors .................................................................................
77,811 60




1814

R

eport

on

S a v j i ^g s B a n k s

80. MAIDEN DANE SAVINGS BANK, NEW YORK CITY
[170 Broadw ay; Incorporated 1903]
F. A. RINGLER, President.
C H A M J S R. JUNG, Vice-President.

HUGO H. BUTTERBUSCH, Vice-Pres.
J. HEYNBN, Secretary.

TRUSTIES
J S t l f , iT ’ DAM if418,
A
L ^ ^ B T O lf H A L I u '
WALTER G. KING,

AUG. OPPENHEIMER,
C. EDWARD B IL M U IS T ,
F. A. RINGLER,
CHAS. W . LUCAS,
HUGO B . ROELKER,
JOHN P . WINDOLPH,
ltOBT. SCHALKENBACH, JACOB WERNER,
LEOPOLD STERN,
HUGO H . RITTBRBUSCH.
f in a n c i a l

RESOURCES
B onds and m ortgages . , . .......................................................................... $ 1 ,2 6 7 ,7 2 5 00
S tock and bond Investm ents, v iz .:
P ar
O riginal
Estim ated
Stocks and bonds
value
cost
market value
United States.......................... $290,250 00
$290,250 00
$290,250 00
StfttA of Oklahom a.................
42,500 00
43,012 08
42,076 00
sta te Oi New M exico.............
14,800 O i
O
14,526 25
14, 525 00
Cities in other States...........
106,077 00
107,442 38
106,192 38
d fle s in this State...............
138,900 00
139,236 00
133,771 00
Counties in this State...........
13,000 00
13,192 97
12,675 00
Villages in this State............
14,500 00
14,562 46
14,570 00
Railroad mortgage b on d s....
216,000 00
206,777 03
185,420 00
834,727 00

$828,998 17

$799,478 38
7 9 9 ,4 7 8 38
1 ,5 8 0 00

P r u p k s o ry n otes .......................................................................................
O ther rea l estate, book valu e, $91,941.39; cost, $91,941.39;
a ctu a l cash valu e .................. ................................................................
Cash on dep osit in banks o r tru st com panies .............................
C a$r oft hand ..............................................................................................
T ota l o f collectib le in t e r e s t ......... .........................................................

9 1 ,9 4 1
129,4 5 5
1 0 ,9 4 3
3 0 ,9 8 4

39
21
38
42

$ 2 ,3 3 2 ,1 0 7 78
LIAB ILITIES
A m oun t due d ep ositors, v iz .:
Principal .............................................................................. $2,258,670 69
Dividends credited or to be credited for the six
38,532 93
months ending w ith December 31, 1918............. .
------------------ $ 2 ,2 9 7 ,2 0 3 62
S u rplu s on m arket va lu e ......................................................................
3 4 ,9 0 4 16
$ 2 ,3 3 2 ,1 0 7 78
S u rplu s on par va lu e, $70,152.78.
C A SH TR A N SA C TIO N S D U R IN G TH E Y E A R 19J8
RECEIPTS
Cash on hand and in banks o r tru s t com panies Jan u ary 1,
1918, b efore tran sa ction s o f th e d a y .............................................
F rom d ep ositors, n ot in clu d in g dividen ds cred ited ....................
F rom in terest on loa n s, dep osits and in vestm en ts.........................
F rom ren ts from oth er rea l e s t a t e ....................................................
F rom m ortgages .........................................................................................
F rom redem ption o f stock s and bonds .............................................
F rom stock s and bonds sold (to ta l p a r va lu e, $ 3 9 0 ,9 5 0 .0 0 )..
F rom loan s paid .......................................................................................
F rom rea l esta te sold ..........................................................................




$84,6 7 1
1 ,5 3 5 ,0 2 8
109,652
6 ,6 5 2
5 4 ,4 5 0
181,247
3 9 0 ,9 5 0
080
2 6 ,0 0 0

74
08
14
00
00
00
00
00
00

$2,389,330 96

H

ew

Y

ork

County

195

PAYMENTS
$ 1 ,5 6 7 ,8 2 5
T o d ep ositors in clu d in g dividen ds paid to th em . .
2 4 ,0 0 0
F or loa n s on bonds and m ortgages .............................
2 ,2 6 0
F or loan s on stock s and bonds and oth er secu rities
F or stocks and bonds purchased, in clu d in g prem ium s, com m is­
4 9 5,199
sion s, etc. (to ta l p a r valu e, $ 4 9 5 ,1 9 9 .0 3 )..................................
1 ,8 5 0
F or in terest (o th e r th an dividen d paym ents to d e p o s ito r s ). . .
F o r cu rren t expenses o f th e bank, v iz .:
$9,208 16
For salaries.........................................................................
F or ta x es: Surplus...........................................................
284 72
For rent o f banking room s..............................................
2,50000
For expenses o f other real estate, v iz .:
Repairs .........................................................................
2,460 11
Insurance ......................................................................
767 68
Taxes ..............................................................................
2,766 70
Other ..............................................................................
962 37
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
3,408 24
2 2 ,3 5 7
F or rea l estate acquired b y foreclosu re, or in settlem ent o f
debts due th e bank ..............................................................................
2 3 ,6 3 3
O ther paym ents, v iz .:
Repayment o f loans.............
$104,262 50
Improvement to real estate.
7,141 85
W ar Savings Stamps...........
400 00
111,804
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fte r tran sa ction s o f th e d a y ...............................................
140,398

78
00
00
93
94

97
40

35
59

$ 2 ,3 8 9 ,3 3 0 96
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou n ts J an u ary 1, 1919......................................
7 ,4 0 3
N um ber o f accou n ts opened or reopened du rin g th e y e a r____
2,010
N um ber o f accou nts closed du rin g th e y e a r....................................
1 ,863
A m oun t dep osited du rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p eriod ..................................................................... $ 1 ,5 3 5 ,0 2 8 08
A m oun t w ithdraw n du rin g th e y e a r.................................................
1 ,5 6 7 ,8 2 5 78
A m oun t o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918...........................................................................
$38,922 72
January 1, 1919....................................................................
38,532 93
7 7 .45 5 65
A verage am ount o f each accou n t Jan u ary 1, 1919 ....................
310 30
R a te p er cen t, o f dividen ds to d ep ositors du rin g th e s ix m onths
en din g Ju n e 30, 1918 ..........................................................................
4
R a te per cen t, o f dividen ds to dep ositors d u rin g th e six m onths
4
T ota l earn ings o f th e bank fo r th e yea r 1918, a fter a llow in g fo r
a m ortiza tion o f prem ium s and d iscou n ts......................................
$116,581 99
T o ta l expenses o f th e bank fo r th e yea r 1918 .............................
2 6 ,6 2 0 47
D ividen ds p a id t o d ep ositors fo r th e year 1918 .........................
7 7 .45 5 65
N et earn in gs fo r th e y ea r 1918 over expenses m id dividen ds
p a id to d ep ositors .................................................................................
1 2 ,50 5 87




196

R

eport

on

S a v in g s B a n k s

THE MANHATTAN SAVINGS INSTITUTION, NEW YORK CITY
1644-646 B roadw ay; incorporated 1850]
CONSTANT M. BIBO, President.
BENJAMIN GRIFFEN, VlcerPresldent.

ARTHUR STILES, Secretary.
DAVID SANDS, Assistant Secretary.

TRUSTEES
BENJAMIN GRIPFEN,
EDWARD V. Z. LANE,
RICHARD LATHERS, JB.,
ROBERT A . MeKIM.
EDWIN S. SCHENCK,
J. MCLEAN WALTON.
FRANKLIN B. WARE,

W ALTER C. STOKES,
CONSTANT M. BIRD,
PH ILIP J. ROSS,
FRANCIS B. GRIFFIN,
HERBERT W . MORSE,
Z. TAYLOR EMERY,
HARRISON K. BIRD,

FREDERIC W. FROST,
THOMAS E. LOVEJOY.
EDMOND L. KNOEDLER,
WALTER W. STOKES.
ARTHUR C. CROMBRE,
ARTHUR STILES,
S. JOSEPH DRAKE.

FINANCIAL
RESOURCES
$ 6 ,3 1 2 ,5 5 0 00
B on ds and m ortgages .............................................
S tock and bond investm ents, v iz .:
Estimated
Par
Original
Stocks and bonds
cost
market value
value
$414, M0 00
$414,050 00
$414,060 00
United States.....................
358,582 65
308,000 00
330,000 00
Cities In other State----1,486,700 00
1,835,382 50
1,690, M0 M
Cities in this State..........
106,720 00
116,0M 00
116,0M 00
Towns In th is State—
7,500 M
7,312 50
7,600 00
V illages In this S ta te ....
1,310,480 00
1,486,000 00
1,667,137 50
Railroad mortgage bonds
$4,042,550 00

$4,397,652 65

$3,633,262 50
3 ,6 3 3 ,2 6 2 50

B anking house and lo t, book va lu e, $550,000; co st, $810,160.09;
a ctu a l cash v a lu e ...................................................................................
O ther rea l esta te, b ook va lu e, $500,452.48; co st, $561,020.66
a ctu a l cash valu e .................................................................................
C ash on d ep osit in banks o r tru st com pan ies..................................
C ash on hand ..............................................................................................
T o ta l o f collectib le in terest ...................................................................
Am ount, o f a ll oth er assets, v iz .: R en t accru ed .........................

5 5 0 ,0 0 0 00
5 0 0 ,4 5 2
7 7 3 ,2 0 2
7 1 ,2 9 5
8 5 ,0 6 6
420
$ 1 1 ,9 2 6 ,2 5 0

48
51
71
34
50
04

$ 1 0 ,9 4 8 ,1 4 4
8 1 ,0 4 1
8 9 7 ,0 6 3
$ 1 1 ,9 2 6 ,2 5 0

89
49
66
04

LIAB ILITIES
A m ou n t du e d ep ositors, v iz .:
Principal .............................................................................. $10,704,628 09
Dividends credited or to be credited fo r the six
months ending with December 31, 1918.....................,
183,516 80
O ther lia b ilitie s , v iz .: L ib erty B ond d ep osits
S u rplu s on m arket valu e ..................................
S u rplu s on par va lu e, $1,306,351.16.
C A SH T R A N SA C T IO N S D U RIN G . TH E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies J an u ary 1,
1918, b efore tran sa ction s o f th e d a y ...........................................
F rom d ep ositors, n ot in clu d in g dividen ds cre d ite d .......................
F rom in terest on loa n s, d ep osits and in vestm en ts...........................
Fyom ren ts from h an king h o u s e .....................................................
F rom ren ts from oth er rea l esta te ............................ ...........................
F rom m o r tg a g e s ..........................................................................................
F rom redem ption o f stock s and b on d s...............................................
F rom stock s and bonds sold (to ta l p a r va lu e,$ 7 3 6 ,5 0 0 )...........
F rom rea l estate sold ............................................................................
F rom a ll oth er sou rces, v iz .:
Settlem ent o f legal action..............................................




2,500 00
------------------

$ 6 3 1,3 5 6
3 ,3 8 7 ,2 8 8
5 0 0 ,6 6 9
2 0 ,0 0 0
4 6 ,3 0 7
4 1 3 ,8 5 0
1 0 2 ,5 0 0
728,551
1 0 ,0 0 0

28
38
20
00
84
00
00
39
00

2 6 ,1 2 3 00
$ 5 ,8 6 6 ,6 4 6 09

N

ew

Y

ork

County

197

PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th em ........................... $ 4 ,0 8 2 ,2 9 0
F or loan s on bond and m ortga ges........................................................
6 0 ,5 0 0
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l pa r valu e, $ 6 1 9 ,3 0 0 ).................. ........................
619,300
F or in terest (o th e r than dividen d paym ents to d e p o s ito r s )..
1 ,377
F or cu rren t expenses o f th e bank, v iz .:
Poar salaries...........................................................................
140,395 41
For taxes:
Banking house, $7,366.80; surplus,
$6,566.18 ..............................................................................
13,932 98
For expenses, except taxes, o f banking house:
R ep a irs...........................................................................
3,560 18
Insurance ......................................................................
1,130 52
Other ..............................................................................
11,813 76
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
7,481 58
Insurance ......................................................................
3,020 25
T a x e s..............................................................................
10,408 42
Other ..............................................................................
26,972 40
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
12,896 49
131,611
F or real estate acqu ired by foreclosu re, or in settlem en t o f
126,808
debts due th e b a n k ..............................................................................
O ther paym ents, v iz .: L ib erty L oan a ccou n t........................................
260
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y ...............................................
844,4 9 8

26
00
00
45

99
17
00
22

$ 5 ,8 6 6 ,6 4 6 09
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou nts Janu ary 1, 1919......................................
2 1 ,2 4 4
N um ber o f accou nts opened o r reopened du rin g th e y e a r ____
3 ,5 1 2
N um ber o f a ccou n ts closed du rin g th e y e a r..................................
3 ,5 9 3
A m oun t dep osited du rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p e rio d ..................................................................... $ 3 ,3 8 7 ,2 8 8 38
A m oun t w ith draw n du rin g th e y e a r.................................................
4 ,0 8 2 ,2 9 0 26
A m oun t o f dividen ds cred ited and pa id fo r th e yea r, v iz .:
July 1, 1918........................................................................... $178,520 44
January 1, 1919....................................................................
183,516 80
-----------------362,037 24
A verage am ount o f each accou n t J an u ary 1, 1919.........................
515 35
R a te per cen t, o f dividen ds to dep ositors d u rin g th e six m onths
ending Jun e 30, 1918..........................................................................
3%
R ate per cen t, o f dividen ds to d ep ositors du rin g th e six m onths
ending D ecem ber 31, 1918.................................................................
3 % and 4
T ota l earn ings o f th e bank fo r th e yea r 1918, a fter a llow in g fo r
a m ortiza tion o f prem ium s and d iscou n ts..................................
5 5 3 ,2 9 5 44
T ota l expenses o f th e bank fo r th e yea r 1918...............................
132,567 43
D ividends pa id to d ep ositors fo r th e year 1918.............................
362,0 3 7 24
N et earn ings fo r th e y ea r 1918 over expenses and dividends
pa id to d ep ositors ..............................................................................
5 8 ,6 9 0 77




198

R
82,

eport

on

S a v in g s B a n k s

METROPOLITAN SAVINGS BANK, NEW YORK CITY
[1-3 Third avenue; incorporated 1 ® ]

ROBERT D. ANDREWS, President.
AUGUSTUS K. SLOAN, V ice-President

EDWARD H. SWAN, Vice-President.
FRANCIS H. MOFFET, Secretary.

TRUSTEES
AUG. S. HUTCHINS,
JONATHAN B. CURREY,
WALDO HUTCHINS,
LEE W. GROVES,
W ILLIS S. PAINE,

AUGUSTUS K . SLOAN,
ROBERT D. ANDREWS,
AUGUSTUS H. SANDS,
EDWARD H. SWAN,
W ILLIAM C. EDWARDS,

THOMAS DARLINGTON,
JOHN S. SPENCER.
EDWARD S. PEGRAM
H. R. ANDERSON,
PRESTON P. LYNN.

FINANCIAL
RESOURCES
B onds a n d m o r tg a g e s ................................................................................ $ 8 ,1 4 1 ,6 9 3 00
S tock and bon d in vestm ents, v iz .:
Par
O riginal
Estimated
Stocks and bonds
value
cost
market value
United States............................. $1,138,300 00 $1,133,840 00
$1,138,300O
ft
State o f M assachusetts........
300,000 00
213,250 00
175,50000
Cities in other States............ 1,221,000 00
1,268,411 45
1,179,62500
Cities in this State............... 2,022,900 00
2,062,359 50
1,892,985O
ft
Railroad mortgage b on d s.... 2,131,000 O
ft
2,183,846 25
1,834,52000
$6,713,200 00 $6,851,707 20 $6,220,930 00
—
_
_
......- ....... - ..
B an k in g h ouse and lo t , b ook va lu e, $95 ,0 0 0 ; co st, $243,346.21;
a ctu a l cash v a lu e .....................................................................................
O ther rea l esta te, b ook va lu e, $320,678; co st, $320,678; a ctu a l
cash va lu e .................................................................................................
C ash on d ep osit in banks o r tr u s t com pan ies....................................
Cash, o n h a n d ................................................................................................
T o ta l o f collectib le in te re st...................................................................

6 ,2 2 0 ,9 3 0 00
9 5 ,0 0 0 00
2 6 3 ,7 6 4
6 6 1 ,0 0 9
3 1 ,9 2 9
1 4 0,013

36
08
13
15

$ 1 5 ,5 5 4 ,3 3 8 72
LIAB ILITIES
A m ou n t due dep ositors, v iz .:
Principal .............................................................................. $14,440,210 21
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.......................
274,904 10
------------------ $ 1 4 ,7 1 5 ,1 1 4 31
8 3 9 ,2 2 4 41
S u rplu s on m arket v a lu e .......................................................................
$ 1 5 ,5 5 4 ,3 3 8 72
S u rplu s on p a r va lu e, $1,331,494.41.
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 1918
RECEIPTS
C ash on hand and in banks o r tr u s t com panies Janu ary 1, 1918,
b efore tra n sa ction s o f th e d a y .........................................................
$8 3 1,6 8 3 97
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d ....................... 3 ,1 9 6 ,7 7 0 02
F rom in terest on loa n s, d ep osits an d in vestm en ts........................
6 7 2 ,8 2 2 84
F rom ren ts from ban kin g h ou se..........................................................
3 ,9 3 7 13
F rom ren ts from oth er rea l esta te .....................................................
2 1 ,51 1 98
F rom m ortga ges ........................................................................................
9 5 ,9 7 0 00
F rom redem ption o f stock s and b on d s...............................................
1 7 0 ,0 0 0 00
F rom stock s and bonds sold (to ta l p a r va lu e,$ 6 1 6 ,5 3 7 .2 0 )____
6 1 3 ,6 3 7 20
7 ,7 5 6 69
F rom rea l esta te s o ld ...............................................................................
F rom a ll oth er sou rces, v iz .:
Liberty Loan account........................................................
$10,098 00
Interborough Company account......................................
825 00
-------------------------------------- 1 0 ,92 3 00




$ 5 ,6 2 5 ,0 1 2 83

N

ew

Y

ork

C ounty

1&9

PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id t o th em ........... . ............. . $ 3 ,5 0 4 ,9 5 1
2 7 ,0 0 0
F o r loa n s on bonds and m ortga ges............................... ............ .........
F o r stock s an d bonds purchased1 in clu d in g prem ium s, com m is­
,
1 ,3 2 0 ,0 0 7
sion s, etc. (to ta l p a r valu e, $ 1 ,3 2 5 ,4 0 2 .5 0 )..................................
2 ,8 0 3
F or in terest (o th e r th a n dividen d paym ents to d e p o s ito r s ). . .
F o r cu rren t expenses o f th e bank, v iz .:
F or salaries.........................................................................
$23,364 61
F or ta x es;
Banking house, $2,222.85; surplus,
$8,079.40 ...................................................................................... 10,302 S
For expenses, except taxes, o f tanking house:
R ep a irs...............................................
676 11
Insurance ......................................................................
20? 95
Other ..............................................................................
26 90
For expenses o f other real estate, v iz .:
R ep a irs.....................................
10,779 63
Insurance ......................................................................
962 fct
Taxes ..................................................................
5,449 16
F or other expenses, not including expenses o f other
real estate nor other expenses o f tanking house..
14,170 57
6 5 ,9 2 9
F or rea l esta te acqu ired b y foreclosu re, o r in settlem en t o f
1 1 ,38 2
debts due th e b a n k .................................................................................
Cash on hand and in banks o r tru s t com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y .................................................
6 9 2 ,9 3 8

26
00
15
63

78
79
21

$ 5 ,9 2 5 ,0 1 2 83
S T A T IS T IC A L IN FO B M A TIO N
N um ber o f open accou nts Jan u ary 1, 1919......................................
19,444
N um ber o f accou n ts opened o r reopened* du rin g th e y e a r ____
2 ,8 9 7
N um ber o f accou nts closed d u rin g th e y e a r..................................
4 ,2 8 6
A m ou n t dep osited du rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p e rio d ...................................................................... $3,196*770 02
A m oun t w ith draw n du rin g th e y e a r...............................................
3,504*951 26
A m ou n t o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918........................................................................... $275,718 98
January 1, 1919........................ ...........................................
274,904 10
5 5 0 .6 2 3 08
A verage am ount o f each a ccou n t Ja n u a ry 1, 1919......................
756 79
B ate p er cen t, o f dividen ds to d ep ositors du rin g th e s ix m onths
en din g Ju n e 30, 1918............................................................................
4
B ate per cen t, o f dividend® to dep ositors du rin g th e six m onths
en din g D ecem ber 31, 1918.................................................................
4
T ota l earn ings o f th e bank fo r th e y ea r 1918, a fter a llow in g
fo r a m ortiza tion o f prem ium s and d iscou n ts.............................
6 9 4 ,9 0 9 89
T ota l expenses o f th e Dank fo r th e yea r 1918.............................
8 5 ,9 2 9 79
D ividends p a id t o d ep ositors fo r th e year 1918.............................
5 5 0 .6 2 3 08
N et earn in gs fo r th e year 1918 over expenses and dividen ds
p a id to d ep ositors ..............................................................................
7 8 ,3 5 7 02




200

B

epobt

oh

S a v in g s B a n k s

83. HEW YORK SAVINGS BANK, NSW YORK CITY
{S3 Eighth avenue; incorporated 1854J
W ILLIAM FBLSINGEB. President.
W ALTER B . BBINCKERHOFF, Sec.
ALEXANDER M. WELCH, Vice-Free.
JAMES L . WANDLINQ, Treasurer.
C. L. BLAHELOCK, A sst. Treasurer,

TRUSTEES
albtaw p :

WILLIAM
JAMES L. V
EIBE D. COl

HERBERT D . BROWN,

BfiBUVmn.

W ILLIAM J . HOE,

W ILLIAM W . HALL,
W ILLIAM J. SLOANE,
W . B. BRINCKERHOFF,
JOHN A . DUTTON.

F IN A N C IA L
RESOURCES
B on ds and m ortga ges.............................................................................. $ 2 3 ,1 8 3 ,5 7 5 00
S tock and bond investm ents, v iz .:
P ar
O riginal
Estimated
S tock s m i bonds
value
cost
market value
United States.................12,738,360 00
$2,718,296 60 $2,738,350 00
sta te Of New York..................
300,000 00
307,125 00
312,00000
State o f California................
400,000 00
376,000 00
376,00000
100,000 00
94,646 00
96,00000
State o f M aryland..................
State o f M assachusetts........
660,000 00
703,710 00
579,60000
400,000 00
426,890 60
414,00000
State o f Tennessee................
Cities in other States............ 6,910,600 00
6,208,982 06
6,842,42600
Cities in this State................ 4,018,600 00
4,091,395 40
3,998,19000
Counties in thisS ta te...........
246,000 00
249,486 00
237,360 00
R ailroad m ortgageb on d s....
7,867,000 00 8,074,435 09 7,207,930 00
$22,620,360 00 $23,245,964 74 $21,801,7% 00
P rom issory n otes ................................: ................... ............................
B an k in g house and lo t, book va lu e, $250,000; co st, $449,851.80;
a ctu a l cash v a lu e ...................................................................................
O th er rea l esta te, b od e va lu e, $420,808.71; co st, $437,901.08;
a ctu a l cash v a lu e ...................................................................................
Cash on d ep osit in banks o r tr u s t com pan ies..............................
C a d i on h a n d ..............................................................................................
T o ta l o l co lle ctib le in te re st...................................................................

2 1 ,8 0 1 ,7 5 5 00
5 ,4 5 0 00
2 5 0 ,0 0 0 00
4 2 0 ,8 0 8
2 ,3 0 0 ,7 3 0
0 4 ,2 8 5
4 3 0 ,5 2 3

71
72
21
85

•$48,403,128 49
LIAB ILITIES
A m oun t due d ep ositors, v iz .:
Principal .............................................................................. $43,784,009 47
Dividends credited or to be credited fo r the six
months ending with December 31, 1918.......................
834,459 69
■$44,018,469 16
S u rplu s on m arket valu e
3 ,8 4 4 ,0 5 9 33
$ 4 8 ,4 6 3 ,1 2 8 49
S u rplu s on p a r va lu e, $4,063,254.33.
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 1918
RECEIPTS
C ash on hand and in hanks o r tru s t com panies J an u ary 1,
1918, b efore tran sa ction s o f th e d a y ............................................. $ 3 ,1 3 4 ,3 4 4 40
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d ....................
7 ,9 0 5 ,8 7 2 84
F rom in terest on loa n s, d ep osits a n d in vestm en ts......................... 2 ,1 2 7 ,5 7 6 88
F rom ren ts from oth er re a l esta te ....................................................
4 4 ,4 9 0 63
F rom m ortgages .......................................................................................
7 6 7 ,5 6 2 53
F rom redem ption o f stock s and b on d s.............................................
3 ,2 8 0 ,0 0 0 00
F rom stock s and bonds sold (to ta l p a r va lu e, $ 1 ,0 0 4 ,3 5 0 )____ 1 ,0 0 4 ,3 5 0 00




N

ew

Y

ork

201

County

F rom loa n s p a id ..................................................................... .................
From rea l esta te s o ld ................................................................................
From a ll oth er sou rces, v is .:
From insurance, Are losses..............................................
1854 76
91 *5
Insurance premiums refunded........................................
Rents, real estate under foreclosure..............................
276 10

$400 00
1 1 3 ,6 5 0 00

1 ,2 2 2 81
$ 1 8 ,3 8 5 ,4 7 0 00
PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th em ........................... $ 9 ,3 0 2 ,2 2 7
3 8 3 ,0 0 0
F or loa n s on bonds a n d m ortga ges......................................................
5 ,8 5 0
F or loa n s on stock s and bonds and oth er secu rities......... %. . . .
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. ( to ta l pa r valu e, $ 6 ,0 4 5 ,5 0 0 )......................................
6 ,0 2 5 ,3 7 6
11 ,62 0
F or in terest (oth er than dividen d paym ents t o d e p o s ito rs ). . .
F or cu rren t expenses o f th e bank, v iz .:
$81,594 70
For salaries...........................................................................
For taxes:
Banking house, |6,076.50; surplus,
33,392 46
$27,315.96 ................... ......................................................
For expenses, except taxes, o f banking house:
767 26
Repairs ......................................... ................ ...............
For expenses o f other real estate, v iz .:
6,711 18
Repairs ...........................................................................
3,579 50
Insurance ......................................................................
Taxes ..............................................................................
8,991 21
12,466 15
Other ..............................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
12,662 23
160,144
F or rea l esta te acquired b y foreclosu re, o r in settlem en t o f
debts du e th e b a n k ...................................... ..........................................
121,941
O ther paym ents, v iz .:
Real estate improvements................................................
$8,893 30
Commission, expense, sale o f real estate.....................
827 90
Fire loss...............................................................................
571 78
1 0 ,202
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y ................................................ 2 ,3 6 5 ,0 1 5

68
00
00
00
06

63
88

96
93

$ 1 8 ,3 8 5 ,4 7 0 09
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accounts Janu ary 1, 1919......................................
5 1 ,0 0 3
N um ber o f accou n ts opened o r reopened du rin g th e y e a r.........
6 ,8 1 0
N um ber o f aeeounts closed du rin g th e y e a r..................................
7 ,9 0 7
A m ount deposited d u rin g th e yea r, n ot in clu d in g dividend#
cred ited fo r th a t p e rio d ........................................................................ $ 7 ,9 0 5 ,8 7 2 84
A m oun t w ithdraw n du rin g th e y e a r.................................................... 9 ,3 0 2 ,2 2 7 68
A m ou n t o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918............................................................................
$839,725 26
January 1, 1919....................................................................
834,459 69
1 .6 7 4 .1 8 4 94
A verage am ou n t o f each a ccou n t Janu ary 1, 1919.........................
874 81
R a te p er em it, o f dividen ds to dep ositors d u rin g th e s ix m on th s
en din g Jun e 30, 1918............................................................................
4
R ate p er em it, o f dividen ds t o d ep ositors d u rin g th e s ix m onths
en din g D ecem ber 31, 1918.................................................................
4
T ota l earn ings o f th e bank fo r th e year 1918, a fte r a llow in g fo r
a m ortiza tion o f prem ium s and d iscou n ts...................................... $ 2 ,1 7 5 ,6 6 8 64
T ota l expenses o f th e bank fo r th e yea r 1918..................................
164,144 68
D ividen ds p a id t o d ep ositors fo r th e yea r 1918.............................
1 .6 7 4 .1 8 4 94
N et earn ings fo r th e yea r 1018 over expenses and dividen ds
p a id t o d ep ositors.................................................................................
3 4 1 ,3 3 9 02




m

R

eport

on

S a v in g s B

anks

84. NORTH RIVES SAVINGS BANE, NEW YORK CITY
[31 W est 84th street; Incorporated 1866]
CHARLES ROHE, President.
RANALD H. MACDONALD, Vtce-Pres.
ALBERT B. ASHPORTH, Vice-President.

GEORGE T. CONNETT, Treasurer.
HERMAN P. DIETMANN, Asst. Treas.
HOBART G. MILBANK, A sst. Secy.

TRUSTEES
CHARLES H. PARSONS,
H. SAGE.
HFORTH,

THEODORE H . BANKS,
ROBERT H . GOFBTL
GEORGE G . P O S T ® ,

HENRY B. FISCHER,
GEORGE T. CONNETT,
PRANK PRESBREY,
LAURENCE MoGUIRE,
THOMAS H ILDT.
SAMUEL W. REYBURN.

FINANCIAL
RESOURCES
a ad m ortga ges..................... . . . . ............................................. $ 5 ,1 0 5 ,6 5 1 05
S tock an d bond in vestm ents, v iz .:
Par
Original
Estimated
S tock s and bonds
value
cost
market value
United States...........................
fm ,650 0ft
1781,665 O
ft
f78l,655 00
State o f New York................
100,000 00
107,890 63
110,00000
State o f M assachusetts........
300,000 00
329,089 uO
264,00000
State o f Tennessee..................
60,000 00
52. 545 10
51,500 00
895,000 00
945,625 65
879,65000
Cities in other states...........
Cities In this state...............
925,000 00
996,200 48
954,22500
Counties in this State............
110,000 00
115,803 39
113,25000
Villages in this State...........
103,000 00
104,807 28
106,04000
Railroad mortgage b on d s.... 1,175,000 00
1,222,072 18
1,040,00000
84.441,660 00

84,664,868 71

84,300,220 00
4 ,3 0 0 ,2 2 0 00

Bai|lpng h ouse and lo t , b od e va lu e, $237,000; cost, $237,000;
a clu a i eash v a lu e ...................................................................................
C a d i on d ep osit in banks o r tru st com pan ies..................................
C ash on h a n d ................................................................................................
T o ta l o f co lle ctib le in te re st...................................................................
A m ou n t o f aH o th e r a ssets, v iz .: U . S. W a r S avin gs and
T h rift Stam ps ......... *...........................................................................

2 3 7 ,0 0 0
4 4 2 ,7 3 7
1 6 ,60 7
1 0 7 ,6 0 0

00
16
34
41

180 00
$ 1 0 ,2 1 0 ,0 0 4 06

LIAB ILITIES
A m ou n t du e d ep ositors, v iz .:
Principal .............................................................................. 89,416,972 16
Dividends credited or to he credited fo r the six
months ending w ith December 31, 1918......................
164,464 SB
------------------ $ 0 ,5 8 1 ,4 3 6 41
O th er lia b ilitie s , v iz .:
Liberty Bond deposits........................................................
812,992 60
Rents deceived to be applied as pear agreem ent..........
2,847 73
---------------------------------------1 5 ,8 4 0 23
S u rplu s on m arket v a lu e ........................................................................
6 1 2 ,8 1 8 32
$ 1 0 ,2 1 0 ,0 0 4 06
S u rplu s on p a r va lu e, $754,248.82.
C A $ P T ^ 1 P 4 C T I 0 N S D U R IN G TH U Y E A R 1018
RECEIPTS
Cash on hand and in banks o r tru st com panies J an u ary 1,
1018, b efore transaction® o f th e d a y ...............................................
F rom d ep ositors, n o t in clu d in g d ivid en d s cre d ite d .....................
F rom in terest on loa n s, deposit® and in vestm en ts.........................
F rom ren ts from oth er rea l e s t a t e ...............................................
F rom m ortgages ..........................................................................................
F rom redem ption o f stock s and b on d s...............................................




$ 7 6 3,0 4 4
2 ,0 7 2 ,3 3 6
4 4 0 ,8 3 8
1 ,0 5 2
8 5 ,9 9 8
9 8 0 ,0 0 0

13
62
35
01
95
00

N

ew

Y

ork

C oun ty

F rom stock s and bonds sold (to ta l pa r valu e, $739,650)
F rom loa n s p a id ..........................................................................
F rom rea l estate s o ld ...................................................................
F rom a ll oth er sou rces, v iz .:
Interest, satisfaction pieces, appraisals, insurance
premium ............................................................................
$579 15
Surety bond premium, adjustm ent of rents, com­
mission, insurance...........................................................
4,&$0 88
Liberty Loan Bonds, WarSavings Stamps.................
536,607 43
Deposit on account o f sale of real estate...................
5,000 00

203
$ 7 3 9,6 5 0 00
9 8 ,9 2 1 87
5 5 ,0 0 0 00

547,017 46
$ 6 ,6 8 3 ,8 5 9 39
PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id t o th em ......................... $ 3 ,2 6 3 ,0 5 5
3 0 ,0 0 0
F or loan s on bonds and m ortga ges...................................................
9 8 ,92 1
F or bankers’ acceptances and b ills o f exch an ge...........................
F or stock s and bonds pu rch ased, in clu d in g prem ium s, com m is­
2 ,1 7 2 ,9 5 5
sion s, etc. (to ta l p a r va lu e, $ 2 ,1 7 5 ,0 5 0 .)......................................
4 ,3 2 0
F or in terest (oth er than dividen d paym ents to d e p o s ito r s ). .
F or cu rren t expenses o f th e bank, v iz .:
F or salaries ........................................................................
$32,372 53
For ta x es:
Banking house, $7,598.52; surplus,
$5,821.23 ..............................................................................
13,419 75
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
177 80
Other ..............................................................................
1,220 22
For expenses o f other real estate, v iz .:
R ep a irs...........................................................................
425 69
Taxes ..............................................................................
941 58
Other ..............................................................................
1,982 81
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
10,1# 34
6 0 ,6 8 0
O ther paym ents, v iz .:
Liberty Loan Bond's........................................................... $577,804 28
W ar Savings Stamps and Certificates...........................
13,(36 93
Adjustm ent o f rents, interest in m ortgages...............
3,050 70
594,491
Cash on hand and in banks o r tru st com panies D ecem ber 31,
4 5 9 ,4 3 4
1918, a fter tran sa ction s o f th e d a y .................................................

48
00
87
00
01

62

91
50

$ 6 ,6 8 3 ,8 5 9 39
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open a ccou n ts Jan u ary 1, 1919..................................
2 1 ,3 2 4
N um ber o f accou n ts opened o r reopened du rin g th e y e a r ____
3 ,7 6 0
N um ber o f accou nts closed du rin g th e y e a r..................................
3 ,4 1 5
A m oun t dep osited d u rin g th e yea r, n o t in clu d in g dividen ds
cred ited fo r th a t p e r io d ........................................................................ $ 2 ,9 7 2 ,3 3 6 62
A m oun t w ith draw n du rin g th e y e a r.................................................... 3 ,2 6 3 ,0 5 5 48
A m oun t o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918........................................................................... $163,174 81
164, # 4 25
January 1, 1919....................................................................
3 2 7 .6 3 9 06
A verage am ount o f each accou n t Jan u ary 1, 1919.........................
449 32
R a te per cen t, o f dividen ds to d ep ositors du rin g th e s ix m onths
en din g June 30, 1918 ..........................................................................
3 % and 4
R ate per cen t, o f dividen ds to d ep ositors d u rin g th e six m onths
en din g D ecem ber 31, 1918.................................................................
3 % and 4
T ota l earn in gs o f th e bank fo r th e yea r 1918, a fter a llow in g
fo r a m ortiza tion o f prem ium s and d iscou n ts.............................
$ 4 36,665 81
T ota l expenses o f th e bank fo r th e yea r 1918..................................
6 2 ,9 9 4 90
D ividen ds paid to d ep ositors fo r th e yea r 1918.............................
3 2 7 .6 3 9 06
N et earn ings fo r the yea r 1918 over expenses and dividen ds
paid to d ep ositors .................................................................................
4 6 ,03 1 85




204

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anks

85. SEAMEN'S BANK FOR SAVINGS IN THE CITY OF NEW YORK
[74-76 W all street; incorporated 1829]
DANIEL BARNES, President.
GEORGE F. CRANE. Vice-President.
EUGENE DELANO. Vice-President.

FREDERICK A. CUMMINGS. Treasurer.
W ILLISTON H. BENEDICT, Secretary.
GEORGE M. HALSEY, Cashier.

TRUSTEES
WILLIAM E. STIGER,
GEORGE C. CLARK,
P. A . S. FRANKLIN,
GEORGE F. CRANE,
EUGENE DELANO,
W. H. BENEDICT,
SAMUEL SLOAN,
ANTON A . RAVEN,
HENRY B. TAYLOR.
WM. A. BUTLER.
E. H. OUTERBRIDGE,
DANIEL BARNES,
W ILLIAM L. BENEDICT, CORNELIUS ELDERT,

W ILLIAM A . HAZARD,
ELLIS G. RICHARDS,
GEO. M. HALSEY,
W. N. DUANE.
ROBERT S. BREWSTER,
V. EVERIT MACY.

F IN A N C IA L
RESOURCES
$ 4 2 ,1 2 2 ,6 7 5 00
B on ds and m o r tg a g e s ,....................................................
S tock and bond investm ents, v iz .:
Estimated
Par
Original
market value
S tock s and bonds
value
cost
$4,504,65000 $4,504,650 00
United States............................. $4,604,650 00
906,010 00
869,000 00
896,05350
State o f New York..................
State o f M assachusetts........ 3,825,000 00
4,166,73250 3,520,380 00
Cities in other States........... 4,790,000 00
5,149,30083 4,570,680 00
Cities in this State............... 6,802,650 00
7,038,83442 6,310,189 50
686,106 00
706,600 00
696,98134
Counties in this State...........
Railroad m ortgage b on d s.... 18,979,000 00
19,918,31596 16,393,560 00
$40,476,800 00 $42,360,868 55 $36,891,564 50
3 6 ,8 9 1 ,5 6 4 50
B anking h ouse and lo t, b ook va lu e, $478,352.78; cost, $478,35 2 .7 8 ; a ctu a l cash v a lu e ...................................................................
O ther rea l esta te, b ook va lu e, $1,891,000; cost, $1,891,000;
a ctu a l cash v a lu e ...................................................................................
C ash on d ep osit in banks o r tru st com pan ies..................................
C ash on h a n d ...............................................................................................
T o ta l o f co lle ctib le in te re st.....................................................................
A m ou n t o f a ll oth er assets, v iz .: In su ran ce prem ium s advanced

4 7 8 ,3 5 2 78
1 ,5 7 2 ,0 0 0
3 ,7 5 7 ,1 3 7
• 5 9 6 ,9 2 5
798,5 9 1
42

00
34
75
86
60

$ 3 6 ,2 1 7 ,2 8 9 83
LIA B ILITIE S
A m ou n t du e d ep ositors, v iz .:
Principal .............................................................................. $78,663,030 27
Dividends credited or to be credited fo r the six
months ending with December 31, 1918........................ 1,494,779 89
------------------ $ 8 0 ,1 5 7 ,8 1 0 16
S u rp lu s on m ark et v a lu e ........................................................................ 6 ,0 5 9 ,4 7 9 67
$ 8 6 ,2 1 7 ,2 8 9 83
S u rplu s on p a r va lu e, $9,644,715.17.
C A SH TR A N SA C TIO N S D U R IN G T H E Y E A R

1918

RECEIPTS
Cash on hand and in banks o r tru s t com panies Jan u ary 1,
1918, b efore tra n sa ction s o f th e d a y ............................................. $ 3 ,4 7 9 ,5 8 2
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d ...................... 1 3 ,1 0 4 ,0 3 7
F rom in terest on loa n s, d ep osits and in vestm en ts......................... 3 ,6 9 8 ,3 5 6
F rom ren ts from ban kin g h ou se..........................................................
9 ,6 9 0
F rom ren ts from oth er rea l esta te ......................................................
101,3 5 4
F rom m ortgages .......................................................................................
6 4 0 ,5 0 0
F rom redem ption o f stock and b on d s...............................................
9 6 5 ,6 5 0




37
76
38
57
90
00
00

N

ew

Y

ork

C oun ty

205

F rom stock s and bonds sold (to ta l pa r valu e, $ 3 ,9 9 9 ,7 0 0 ).... $ 3 ,6 1 9 ,2 9 3 90
F rom rea l esta te s o ld ..............................................................................
1 1 ,00 0 00
F rom a ll oth er sou rces, v iz .:
Received for fire loss.........................................................
$11,577 0®
Return o f Are insurance premium..................................
763 50
-----------------1 2 ,3 4 0 50
$ 2 5 ,6 4 1 ,8 0 6 38
PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th em .........................$ 1 6 ,9 5 2 ,3 0 0 26
F or loan s on bonds and m o r tg a g e s ....................................................
2 6 6 ,0 0 0 00
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l par valu e, $3,650,000)......................................
3 ,6 5 0 ,0 0 0 00
F or in terest (o th e r th an divid en d paym ents to d e p o s ito r s ). .
7 ,8 6 4 97
F or cu rren t expenses o f th e bank, v iz .:
For salaries .......................
$84,224 66
For ta x es: Banking house, $10,746.55; surplus,
$39,480.15 ............................................................................
50,226 70
For expenses, except taxes, o f banking h ouse:
Repairs ...........................................................................
4,038 04
Insurance ......................................................................
390 92
Other ..............................................................................
19,182 86
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
4,869 39
Insurance ......................................................................
9,403 50
T a x e s.........................................'....................................
37,032 10
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ouse..
30,380 34
-----------------2 3 9 ,7 4 8 51
F or rea l estate acquired b y foreclosu re, o r in settlem ent o f
debts due th e b a n k .................................................................................
145,365 39
O ther paym ents, v iz .:
Improvements on other realestate........ ........................
$14,455 63
Improvements on bankingbouse....................................
387 93
Fire loss repairs, insurancepremium advanced..........
11,620 60
-------------------------------------- 2 6 ,4 6 4 16
Cash on hand an d in banks o r tru st com panies D ecem ber 31,
1918. a fte r tra n sa ction s o f th e d a y ................................................ 4 ,3 5 4 ,0 6 3 09
$ 2 5 ,6 4 1 ,8 0 6 38
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou n ts J an u ary 1, 1919......................................
9 6 ,64 2
N um ber o f accou n ts opened o r reopened du rin g th e y e a r ____
11,021
N um ber o f accou n ts closed du rin g th e y e a r..................................
14,964
A m oun t dep osited du rin g th e yea r, n o t in clu d in g dividen ds
cred ited fo r th a t p e rio d ..................................................................... $ 1 3 ,1 0 4 ,0 3 7 76
A m ount w ith draw n du rin g th e y e a r................................................. 1 6 ,9 5 2 ,3(H) 26
A m oun t o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918........................................................................... $1,511,093 90
January 1, 1919..................................................................... 1,494,779 89
------------------ 3 ,0 0 5 ,8 7 3 79
A verage am ount o f each accou n t Jan u ary 1, 1919 .........................
829 43
R ate per cen t, o f dividen ds to d ep ositors du rin g th e six m onths
en din g Jun e 30, 1918............................................................................
4
R ate per cen t, o f dividen ds to d ep ositors d u rin g th e s ix m onths
ending D ecem ber 31, 1918.................................................................
4
T ota l earnings o f th e bank fo r th e yea r 1918, a fter a llow in g
fo r am ortization o f prem ium s and d iscou n ts............................. $ 3 ,7 0 4 ,9 3 8 58
T ota l expenses o f the bank fo r th e yea r 1918....................................
2 3 9 ,7 4 8 51
D ividends p a id to d ep ositors fo r the yea r 1918...............................
3 ,0 0 5 ,8 7 3 79
N et earn ings fo r th e yea r 1918 over expenses and dividen ds
paid to dep ositors ..............................................................................
4 5 9 ,3 1 6 2S




206

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eport

o f

S a v in g s B

anks

86. THE UHIOH DIME SAVINGS BANK, NEW YORK CITY
[701 Sixth a venae; incorporated 1859]
ALEX. P. W. KINNAN. President.
FRANCIS M. LEAKE, Treasurer.
FREIPK H. ECKER, Vice-President.
FRANK F. HAZARD, Secretary.
CLERMONT H . W ILCOX, Vice-Pres.

TRUSTEES
W ILLIAM R. INNIS,
CHARLES A . SACKETT. FRED’ K H. ECKER,
JAMES S. HBRRMAK.
W ILLIAM C. LANE,
GEORGE HADDEN,
JOHN R. HEGEMAK.
ABRAM C. DbGRAW,
W ILLARD E. F.DMISTER,
FRANCIS M. LEAKE.
WM. McMASTER MILLS. JOHN C. VAN CLEAF,
CLERMONT H. W ILCO X EDGAR A. TREDW ELL, JOHN ANDERSON.
MALCOM B. DUTCHES.
P . W . KINNAN.
U N A N C IA I,
RESOURCES
.............................................$ 3 2 ,2 8 0 ,0 5 0 00
B on ds and m o r tg a g e s ....................
S tock and bond in vestm ents, v iz .:
O riginal
Estim ated
Par
S tock s and bonds
value
cost
market value
United States............................. $1,523,650 00 $1,523,650 00 $1,523,650 00
49,513 95
43,500 00
State o f M assachusetts........
50,000 00
1,906,751 35
1,818,800 00
Cities in other States........... 1,806,000 00
4,395,847 86
4,056,502 50
Cities in th is State................ 4,076,500 00
55,755 00
62,800 00
Towns in this State...............
54,000 00
153,032 50
139,570 00
Villages in this State...........
144,000 00
8,530,236 27
7,306,150 00
Railroad mortgage bonds— 8,390,000 0 >
0
$16,044,150 00 $16,614,786 93 $14,939,972 50
P rom issory n otes .......................................................................................
B anking h ouse and lo t, book va lu e, $600,000; cost, $846,336.37;
a ctu a l cash va lu e .................................................................................
O ther rea l estate, b ook va lu e, $430,000; cost, $468,378.65;
a ctu a l cash v a lu e ...................................................................................
C ash on d ep osit in banks o r tru st com pan ies................................
C ash on hand ............................................................................................
T ota l o f collectib le in te re s t...................................................................
A m ou n t o f a ll oth er assets, v iz .:
$10,456 67
Rent accrued ................................................
Insurance premiums and taxes advanced
119 71
--------------

1 4 ,9 3 9 ,9 7 2 60
2 0 3 ,0 0 0 00
6 0 0 ,0 0 0 00
4 3 0 ,0 0 0
4 ,8 5 3 ,8 4 6
7 2 1 ,3 2 9
5 4 4 ,1 8 8

00
89
25
35

1 0 ,5 7 6 38
$ 5 4 ,5 8 2 ,9 6 3 37

LIAB ILITIES
A m ou n t du e dep ositors, v iz .:
Principal .............................................................................. $49,309,117 55
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1918.....................
772,028 95
-$ 5 0 ,0 8 1 ,1 4 6 50
O ther lia b ilitie s , v iz .:
Expenses incurred, but unpaid; reserve for franchise
tax ......................................................................................
$24,510 00
Custodian o f rents, alien property...............................
468 84
-----------------2 4 ,9 7 8 84
S u rplu s on m arket v a lu e ........................................................................ 4 ,4 7 6 ,8 3 8 03
$ 5 4 ,5 8 2 ,9 6 3 37
S u rplu s on p a r va lu e, $5,581,015.53.
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 1918
RECEIPTS
C ash on hand and in banks o r tr u s t com panies Ja n u a ry 1,
1918, b efore tra n sa ction s o f th e d a y ............................................... $ 4 ,2 1 3 ,5 4 3
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d ....................
1 6 ,8 0 4 ,8 3 8
F rom in terest on loa n s, d ep osits and in vestm en ts..................... 2 ,3 2 9 ,7 2 0
F rom ren ts from oth er rea l e sta te ....................................................
2 8 ,1 8 9
F rom m ortgages .......................................................................................
2 3 6 ,2 0 0
F rom redem ption o f stock s and b on d s...............................................
4 1 5 ,0 0 0
F rom stock s and bonds sold (to ta l p a r va lu e, $1,816,378.03) 1 ,7 8 6 ,5 3 4




44
50
57
48
00
00
37

C oun ty

207

F rom loa n s p a id .................................................................
F rom a ll oth er sou rces, v iz .:
Refund o f expense paid....................................................
Maintenance real estate...................................................
Insurance premiums...........................................................
Bents, as custodian............................................................

f6,000 00

N

ew

Y

ork

$218 33
432 08
#7 48
3,331 97
4 ,4 7 9 86
$ 2 5 ,8 2 1 ,5 0 6 22

PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th em .........................$17>045,790 79
F or loa n s on bonds and m ortga ges...................................................
1 8 6 ,5 0 0 00
F or loa n s on stock s and bonds and oth er se cu ritie s........... ..
2 0 6 ,0 0 0 00
F or stock s and bonds' purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l p a r va lu e, $ 2 ,5 9 5 ,0 0 0 )......................................
2 ,5 9 5 ,0 0 0 00
F or in terest (oth er than dividen d paym ents to d e p o s ito rs ). .
221 92
F or cu rren t expenses o f th e bank, v iz .:
For salaries........................................................................... $108,755 86
For taxes:
Banking house, $14,024.10; surplus,
$39,921.69 ............................................................................
53,945 79
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
1,136 61
Insurance ......................................................................
157 48
Other ..............................................................................
5,100 50
For expenses o f other real estate, v iz .:
Repairs ..........................................................................
2,767 31
Insurance ......................................................................
22 72
Taxes ..............................................................................
11,120 40
Other ..............................................................................
7,632 68
For other expenses, not including expenses o f other
real estate nor other expenses of bankinghouse..
17,797 14
-----------------2 0 8 ,4 3 6 39
O ther paym ents, v iz .:
Expense paid, maintenance realestate,insurance..
$1,267 60
As custodian o f rents.......................................................
2,863 13
Payment to trust company to restoreinterest...............
250 25

------------------------------------ 4,380 98
Cash on hand and in banks or tru st com panies D ecem ber 31,
1918, a fte r tran sa ction s o f th e d a y ............................................. 5 ,5 7 5 ,1 7 6 14
$ 2 5 ,8 2 1 ,5 0 6 22
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou nts Jan u ary 1, 1919....................................
132,366
Num ber o f accou n ts opened o r reopened d u rin g th e y e a r .. . .
2 1 ,9 8 8
N um ber o f a ccou n ts closed du rin g th e y e a r..................................
2 3 ,4 0 0
A m oun t dep osited d u rin g the. yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p e rio d ..................................................................... $ 1 6 ,8 0 4 ,8 3 8 50
1 7 ,0 4 5 ,7 9 0 79
A m oun t w ith draw n du rin g th e y e a r......................................
A m ount o f dividen ds cred ited and paid fo r th e yea r, v iz .:
July 1, 1918........................................................................... $771,581 54
January 1, 1919....................................................................
772,028 95
------------------ 1 ,5 4 3 ,6 1 0 49
A verage am ount o f each accou n t Jan u ary 1, 1919....................
378 35
N um ber o f accou n ts w hich exceeded $3,000, exclu sive o f d iv i­
dends cred ited , a t th e la st tr ia l balance o f dep ositors’
ledgers, excep t dep osits a risin g from society accou nts, or
ju d icia l sales, or tru st fun ds, o r b y order o f a co u rt o f record
o r o f a su rrog a te..................................................................................
9
T ota l am ount o f such a ccou n ts...........................................................
$ 3 1 ,4 9 6 15
R a te per cen t o f dividen ds to dep ositors du rin g th e six m onths
en din g Jun e 30, 1918.............................................................. .............
3%
R ate per cen t o f dividen ds to dep ositors du rin g th e s ix m onths
en din g D ecem ber 31, 1918...................................................................
3^
T ota l earn ings o f th e bank fo r th e year 1918, a fter a llow in g
fo r a m ortiza tion o f prem ium s and d iscou n ts........................... $ 2 ,3 6 1 ,8 0 7 01
T ota l expenses o f th e bank fo r the year 1918.............................
2 1 0 ,8 7 6 64
D ividends paid to d ep ositors fo r th e year 1918...........................
1,543,61Q 49
N et earn in gs fo r th e yea r 1918 over expenses and dividen ds
pa id to d e p o sito rs..................................................................................
6 0 7 ,3 1 9 8$




208

R

eport

oh

S a v in g s B a n k s

87. VKIOH SQUARE SAVINGS BANK, NEW YORK CITY
[20 Union Square; incorporated 1848]
WM. H. ROCKWQOP. President
FRRDBRR I C. MILLS, Treasurer.
W . EMLEN ROOSEVELT, Vlce-Pres.
HUGH B. GARDNER. Cashier.
EDWARD M . TOW N8KTO, Vice-Pres.
IRVING HAN ZANDT, Asst. Cashier.
HENRY R. BRINCKBRHOFF , S ee;.
W . EMLEN R(

s p g .v
albkrtm

pattb:

WM. OAF. HAYNES.

T R U ST E E S
ISAAC TOWNSEND.
LORIN K. SCUDDER.
SAMUEL WOOLVERTON. WM. H. ROCKWOOD.
FRANK B. KERCH.
NBWBOLD T. LAWRENCE.
, BRONSON WINTHROP, EDWARD C. EVANS,
EDWARD M. fOW NSEND. JULIAN W . ROBBINS.
F IN A N C IA L
RESOURCES

B on ds and m ortgages .............................................................................. $ 8 ,8 4 8 ,0 8 2 00
S tock and bond in vestm ents, v iz .:
Par
Original
Estimated
Stocks and bonds
value
cost
market value
United States............................. $2,176,950 00 $2,168,910 C
O
$2,176,96000
sta te o f New York..................
200,000 00
203,250 00
198,00000
State o f C alifornia................
250,000 C
O
251,852 85
252,50000
Cities in this State............... 1,027,000 00
1,076,168 20
987,28000
Railroad mortgage b on d s.... 2,925,000 00
3,017,852 45
2,423,250 00
$6,578,950 00

........

$6,718,033 50

=

—

=

$6,037,980 00

...............-

6,037,980 00

B an kin g house and lo t , b ook va lu e, $350,000; co st, $465,078.76;
a ctu a l ca sh v a lu e ...................................................................................
O ther rea l esta te, b ook valu e, $184,456.85; cost, $184,456.85;
a ctu a l cash v a lu e...................................................................................
Cash on d ep osit in hanks o r tru s t com pan ies..................................
Cash on hand ..............................................................................................
T o ta l o f co lle ctib le in t e r e s t ...................................................................

3 5 0 ,0 0 0 00
175,0 0 0
8 3 7 ,1 5 8
118,563
2 3 8 ,8 7 5

00
25
49
27

$ 1 6 ,6 0 3 ,6 5 9 01
LIAB ILITIES
A m ou n t due d ep ositors, v iz .:
Principal ............................................................................. $15,404,158 78
Dividends credited or to, be credited fo r the six
months ending w ith December 31, 1918.....................
286,470 85
------------------ $ 1 5 ,6 9 0 ,6 2 9 63
Surjunto on m ark et v a lu e ..........................................................................
9 1 3 ,0 2 9 38
$ 1 6 ,6 0 3 ,6 5 9 01 •
Su rplu s on p a r valu e, $1,453,999.38.
CA&H T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Jan u ary 1 ,1 9 1 8 ,
• b efore tran saction s o f th e d a y ........................................................ $ 1 ,0 4 8 ,0 7 1
F rom d ep ositors, n ot in clu d in g dividen ds cre d ite d ................: . .
4 ,6 6 4 ,6 3 6
F rom in terest on loa n s, dep osits and in vestm en ts.........................
6 9 8 ,3 0 8
F rom ren ts from ban kin g h o u s e ..........................................................
1 ,0 0 0
F rom m ortgages .......................................................................................
7 2 ,4 1 8
F rom redem ption o f sto ck s and b on d s...............................................
2 ,2 5 0 ,0 0 0
F rom stock s a n d bonds sold (to ta l p a r va lu e, $ 3 8 9 ,3 0 0 )............
3 6 9 ,3 0 0




40
37
16
00
00
00
00

$9,103,733 93

N

ew

Y

ork

County

209

PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id s to th em .........................$ 3 ,9 4 3 ,7 0 3 63
F or loa n s on bonds and m ortga ges................................................. . .
2 8 3 ,0 0 0 00
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc.
(to ta l p a r valu e, $ 3 ,8 3 5 ,0 0 0 )....................................
3 ,8 2 7 ,2 0 2 39
F or in terest (o th e r than dividen ds paym ents to d e p o s ito r s ). .
4 ,6 7 1 00
F or cu rren t expenses o f th e bank, v iz .:
For salaries.........................................................................
$40,078 80
For ta x es:
Banking house, $10,069.08; surplus,
$6,061.19 ..............................................................................
16,730 27
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
879 99
Insurance ......................................................................
160 77
Other ..............................................................................
1,860 41
For expenses of other real estate, v iz .:
Other ..............................................................................
8,140 83
----------------------------------- 6 7 ,8 5 7 07
T axes advanced on m ortgaged p ro p e rty .........................................
2 1 ,4 8 8 10
Cash on hand and in banks o r tru st com panies D ecem ber 31,
955,721 74
1918, a fter tran sa ction s o f th e d a y ...............................................
$ 9 ,1 0 3 ,7 3 3 93
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou n ts Ja n u a ry 1, 1919......................................
2 0 ,7 3 9
N um ber o f accou nts opened o r reopened du rin g th e y e a r............
4 ,4 7 4
N um ber o f a ccou n ts closed du rin g th e y e a r....................................
3 ,3 6 3
A m oun t dep osited du rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p e r io d ..................................................................... $ 4 ,6 6 4 ,6 3 6 37
A m oun t w ith draw n du rin g th e year .................................................
3 ,9 4 3 ,7 0 3 63
A m ount o f dividen ds cred ited and paid fo r th e yea r, v iz .:
July 1, 1918........................................................................... $280,154 96
January 1, 1919....................................................................
286,470 85
-----------------5 6 6 ,6 2 5 81
756 58
A verage am ou nt o f each accou n t Jan u ary 1, 1919.........................
R ate p er cen t, o f dividen ds to dep ositors du rin g th e s ix m onths
en din g Jun e 30, 1918............................................................................
4
R ate per cen t, o f dividen ds t o d ep ositors du rin g th e s ix m onths
en din g D ecem ber 31, 1918...................................................................
4
T o ta l earn in gs o f th e bank fo r th e year 1918, a fte r a llow in g
fo r a m ortiza tion o f prem ium s and d iscou n ts.............................
$ 7 0 6,9 9 4 16
T ota l expenses o f th e bank fo r th e yea r 1918..................................
6 7 ,85 7 07
D ividends p a id to dep ositors fo r th e yea r 1918 ...........................
5 6 6 ,6 2 5 81
N et earn in gs fo r th e yea r 1918 ov er expenses and dividen ds
p a id to d ep ositors ................................................................................
7 2 ,511 28




210

R

epost

on

S a v in g s B a n k s

88. UNITED STATES SAYINGS BANS 07 THE CITY 07 NEW YOBS
[606 Madison avenue; incorporated 1889]
CHARLES N. TAINTOR, President.
W ILLIAM C. ADAME. Vice-President.
FRANCIS G. LLOYD, Vice-President.
PAYSON M ERRILL,
NOAH C. ROGERS.
JOHN HYSLOP,
CHARLES N. TAINTOB,
EDWARD I. DEVLIN,
WM. C. ADAMS,

JOHN HYSLOP, Treasurer.
ADOLPHE F. LaiGOST, Secretary.

T R U S T IE S
W ILLIAM E. PECK,
FRANCIS G. LLOYD,
W. W ILLIS REESE.
JOHN P. M5UNN,
JOHN E. WEEKS,
F IN A N C IA L

ADOLPHE F . LB GOST,
LANGLEY W . W IGGIN,
EDWIN J . GILLIES,
MORRIS S . BARNET,
PH ILIP W. HENRY,
EDGAR C. LEAYCRAFT.

RESOURCES
B on ds and m o r tg a g e s ............................................................................... $ 3 ,8 0 8 ,4 2 5 00
S tock and bon d in vestm ents, v iz .:
Par
O riginal
Estimated
Stocks and bonds
value
cost
market value
6706,750 00
6706,760 00
6706,75000
United States...........................
State o f M assachusetts........
40,000 00
39,735 00
34,00000
Cities in other States........
172,000 00
173,964 99
170,14000
Cities in this State...............
676,400 00
594,831 61
873,81760
1,043,396 41
912,41000
Railroad mortgage bonds....... 1,074,000 00
62,668,160 00

22,557,668 01

$2,396,117 60

....................
B an kin g house and lo t, b ook valu e, $1 3 0,0 0 0 ; co st, $130,000;
a ctu a l eash v a lu e ...................................................................................
C ash on dep osit in banks o r tr u s t com pa n ies..................................
Cash on hand ..............................................................................................
T o ta l o f co lle ctib le in te re s t......................................................................
LIA B ILITIE S
A m ou n t du e d ep ositors, v iz .:
Principal .............................................................................. $6,280,911 34
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918.......................
112,514 01
S u rplu s on m arket v a lu e ..............

2,396,117 50
1 3 0 ,0 0 0 00
3 2 2 ,8 7 9 86
2 0 ,7 0 7 69
5 8 ,0 9 4 99
$ 6 ,7 3 6 ,2 2 5 ~ 04
~ ~

$ 6 ,3 9 3 ,4 2 5 35
3 4 2 ,7 9 9 69
$ 6 ,7 3 6 ,2 2 5 04

S u rplu s on pa r valu e, $514,832.19.
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 1918
RECEIPTS
C ash on hand and in ban ks o r tru st com panies J an u ary 1 ,1 9 1 8 ,
b efore tran sa ction s o f tb e d a y ..........................................................
F rom d ep ositors, n ot in clu d in g d ivid en d s cre d ite d .......................
F rom in terest on loa n s, d ep osits a n d in vestm en ts.......................
F rom ren ts from ban kin g h o u s e ..........................................................
F rom ren ts from oth er rea l e s t a t e ......................................................
F rom m ortgages .........................................................................................
F rom red em ption o f stock s and b o n d s ...............................................
F rom stock s an d bon d s sold {to ta l p a r va lu e, $ 5 1 9 ,1 8 2 .7 6 )...
F rom rea l esta te s o ld .................................................................................
F rom a ll oth er sources, v iz .:
Interest collected, telephone charges refunded........
$601 77
Appraisal fees, sale o f old material, subpoena fe e ..
67 90
Cash over, refund o f unearned premium.....................
65 82
T h rift Stam ps.....................................................................
1,516 2S




$ 4 5 5 ,1 7 9
2 ,4 5 2 ,0 0 3
3 0 3 ,3 9 7
6 ,9 3 6

80
88
20
64

120 00
1 5 4 ,3 7 8
6 0 1 ,0 0 0
5 1 9 ,1 8 2
1 4 8,953

98
00
76
98

2 ,2 5 1 74

K

ew

Y

ork

County

211

PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th em ......................... $ 2 ,4 4 2 ,5 1 7
141,253
F or loan s on bon d s and m ortga ges...............................................
F or stock s and bonds purch ased, in clu d in g prem ium s, com m is­
1 ,5 3 0 ,8 8 2
sion s, etc. (to ta l p a r valu e, $ 1 ,5 3 0 ,8 8 2 .7 6 ).................. ...............
554
F or in terest (oth er than dividen ds paym ents to d e p o s ito r s ). .
F or cu rren t expenses o f th e bank, v iz .:
For salaries.........................................................................
$21,373 50
For
ta x es: Banking house, $2,879.20; surplus,
$3,061 84 ..............................................................................
5,931 04
For expenses, except taxes, o f banking h ouse:
R ep a irs...........................................................................
610 67
Insurance ......................................................................
234 83
Other ..............................................................................
3,290 31
For expenses o f other real estate, v iz .:
Other ..............................................................................
200 00
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
3,202 31
3 4 ,8 4 2
F or rea l estate acqu ired b y foreclosu re, o r in settlem en t o f
147,524
debts du e th e bank ..............................................................................
O ther paym ents, v iz .:
Interest, cash short, expenses.........................................
$724 89
T h rift Stamps......................................................................
1,516 25
2 ,2 4 1
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fte r tra n sa ction s o f th e d a y ...............................................
343,5 8 7

28
98
76
80

66
81

14
55

$ 4 ,6 4 3 ,4 0 4 98
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open a ccou n ts Jan u ary 1, 1919......................................
1 5 ,88 4
N um ber o f accou nts opened o r reopened du rin g th e y e a r ...........
3 ,4 81
N um ber o f a ccou n ts closed du rin g th e y e a r ..................................
3 ,5 4 7
A m ou n t dep osited d u rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p e rio d ........................................................................ $ 2 ,4 5 2 ,0 0 3 88
A m oun t w ith draw n du rin g th e yea r ...............................................
2 ,4 4 2 ,5 1 7 28
A m ount o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1,1918................................................. ..........................
$98,267 62
January 1, 1919....................................................................
112, M4 ttl
2 1 0 .7 8 1 63
A verage am ount o f each accou n t Jan u ary 1, 1919.........................
402 50
R ate per cen t, o f dividen ds to d ep ositors du rin g th e s ix m on th s
en din g Jun e 30, 1918 ..........................................................................
3%
R ate per cen t, o f dividen ds t o d ep ositors du rin g th e s ix m on th s
en din g D ecem ber 31, 1918 .................................................................
4
T o ta l earn in gs o f th e bank fo r th e year 1918, a fter a llow in g
fo r a m ortiza tion o f prem ium s and d iscou n ts.............................
$ 3 0 6,6 5 8 12
T ota l expenses o f th e bank fo r th e yea r 1918..................................
3 5 ,0 6 7 55
D ividen ds p a id t o d ep ositors fo r th e yea r 1918.............................
210.781 63
N et earn in gs fo r th e yea r 1918 over expenses and dividen ds
p a id to d ep ositors ................................................. ...............................
6 0 ,8 0 8 94




212

R

eport

on

S a v in g s B a n k s

89. THE UNIVERSAL SAVINGS BANE, NEW TORE CITY
[149 Broadw ay; Incorporated 1907]
WILBUR F. BROWN, President.
BLAIR S. W ILLIAM S, Vice-President.
AUGUST H. T IE M B isR , Vlce-Fres.

W ILBUR F. BROWN, Ja., Treasurer.
BYRON W . GREENS. Secretary.
RAYMOND K. M EIXSELL, Com ptroller.

TR U ST E E S
W ILBUR F . BROWN,
SAM. R. OUTERBRIDGE.
FRANK H. HINES,
BYRON W . GREENE,
JOHN H. HALLOCK,
COURTNEY HYDE,
HAROLD G. HESSE,
W ILBUR F. BROWN, J*., AUGUST H. TIEM EYER,
FRANK M. GORDON,
ROBERT MAZET,
BLAIR S. W ILLIAM S,
FRANK L. GODDARD,
RUSSELL DART.
W ILLIAM M. MORGAN,
ROBERT MCLEAN.
F IN A N C IA L
RESOURCES
$3 4 4,6 2 5 00
B on ds a n d m o r tg a g e s ..............................
S tock and bond in vestm ents, v iz ,:
Estimated
Par
Original
S tock s and hands
value
cost
market value
$210,082 81
$210,675 71
|21«,675 71
United States...........................
110,683 76
101,800 00
Railroad mortgage bonds—
116,000 00
$326,575 71

$320,676 66

P rom issory n otes ......................................................
Cash on d ep osit in banks o r tru st com panies.
C ash on hand .............................................................
T o ta l o f co lle ctib le in te re s t..................................
A m oun t o f a il oth er a ssets, v iz .:
Furniture and fixtures...........................................
U. S. T h rift Stamps................................................

$312,375 71
3 1 2 ,3 7 5
4 ,7 4 9
4 6 ,0 0 2
6 ,8 2 9
8 ,2 4 5

71
25
22
19
50

$2,202 32
76 39
2 ,2 7 8 71
$7 2 5,1 0 5 58

LIAB ILITIES
A m ou n t du e d ep ositors, v iz .:
Principal ..............................................................................
Dividends credited or to be credited for the six
months ending w ith December 31, 1918.....................

$712,600 79

9,938 73
-----------------S u rplu s on m arket v a lu e ..........................................................................

$ 7 2 2,5 3 9 52
2 ,5 6 6 06
$ 725,105 58

S u rplu s on par va lu e, $16,766.00.
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 1918
Cash on hand and in banks o r tru s t com panies Jan u ary 1,
1918, b efore tran sa ction s o f tb e d a y ...............................................
$ 2 8 ,3 0 5
F rom d ep ositors, n ot in clu d in g dividen ds cre d ite d ....................
1 ,0 0 9 ,5 5 8
F rom in terest on loa n s, dep osits and in vestm en ts......... ..........
2 8 ,9 2 7
F rom ren ts from oth er rea l esta te ...................................................
306
F rom m ortgages .......................................................................................
1 1 ,45 0
F rom stock s and bonds sold (to ta l p a r va lu e, $ 2 7 6 ,9 2 5 ).........
2 7 5 ,3 1 8
F rom loan s p a id .......................................................................................
325
F rom bankers* acceptances and b ills o f exch a n ge.........................
8 ,5 0 7
F rom rea l estate s o ld ...............................................................................
21,000
F rom a ll oth er sources, v iz .:
Exchange, appraisal fees, discount on acceptances..
$501 27
Liberty Loan Bonds...........................................................
972 47
T h rift Stamps....................................................................
4,565 11
6 ,0 3 8




88
01
46
73
00
76
00
75

00

85

$ 1 ,3 8 9 ,7 3 8 44

N ew Y oek Count*

210

PAYMENTS
T o d ep ositors, in clu d in g dividen ds pa id to th em .........................
$810,189 05
F or loa n s on bonds and m ortga ges...................................................
7 0 ,0 0 0 00
5 ,0 7 4 25
F or loan s on stock s and bonds and oth er secu rities......... ..........
F or bankers5 acceptances and b ills o f exch an ge...........................
8 ,5 0 7 75
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l p a r valu e, $ 3 7 0 ,8 4 0 )........................................
3 7 4 ,3 8 2 98
F or in terest (o th e r th an dividen d paym ent^ to d e p o s ito rs ). .
1 ,2 3 5 14
F or cu rren t expenses o f th e bank, v iz .:
For salaries...........................................................................
$6, 575 05
For expenses, except taxes, o f banking h ouse:
Insurance ......................................................................
7 01
For rent o f banking room s..............................................
3,249 96
For expenses o f other real estate, v iz .:
Insurance ......................................................................
8 50
Other ..............................................................................
166 50
For other expenses, not Including expenses o f other
real estate nor other expenses o f ibanklng house..
1,670 50
-------------------------------------- 11,677 52
O ther paym ents, v iz .:
Equipment, cash difference..............................................
$32 38
5,807 96
Beal estate, emergency fund, T h rift Stamps..............
Notes payable ....................................................................
60,000 00
-------------------------------------- 5 5 ,8 4 0 34
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y ................................................
52,831 41
$ 1 ,3 8 9 ,7 3 8 44
S T A T IS T IC A L IN F O R M A T IO N
9 ,7 0 8
N um ber o f open a ccou n ts Janu ary 1, 1 9 1 9 ..,.............................
N um ber o f accou nts opened or reopened du rin g th e y e a r ..,.
8 ,8 0 3
N um ber o f accou nts closed du rin g th e y e a r..................................
6 ,1 5 3
A m oun t dep osited du rin g th e yea r, n o t in clu d in g dividen ds
cred ited fo r th a t p e rio d ..................................................................... $ 1 ,0 0 9 ,5 5 8 01
A m ou n t w ithdraw n du rin g th e y e a r.................................................
810,189 05
A m oun t o f dividen ds cred ited and pa id fo r th e yea r, v iz .:
July 1, 1918...........................................................................
$8,727 05
January 1, 1919....................................................................
9,938 73
-----------------18,665 7S
A verage am ount o f each a ccou n t Jan u ary 1, 1919......................
74 42
R a te per cen t, o f dividen ds to d ep ositors du rin g th e six m onths
en din g Ju n e 30, 1918................................................... ........................
4
R a te per cen t, o f dividen ds to dep ositors du rin g th e six m onths
en din g D ecem ber 31, 1918...................................................................
4
T ota l earn ings o f th e bank fo r th e yea r 1918, a fte r allow in g
fo r am ortiza tion o f prem ium s and d iscou n ts...........................
$31,482 44
T ota l expenses o f th e bank fo r th e yea r 1918...............................
11,677 52
D ividends paid to d ep ositors fo r th e year 1918...........................
18,665 78
N et earn ings fo r the yea r 1918 over expenses and dividen ds
paid to dep ositors ..............................................................................
1 ,139 14




£14

R

90.

eport

oh

S a v in g s B

anks

W EST SIDE SAVINGS BANE. NEW YORK CITY
[110-112 Sixth avenue; incorporated 1868.]

CLARENCE O. BIGELOW. President.
NELSON S. WESTOOTT, Vice-Pres.
GEORGE E. MARKS. Vice-President.

W ILLIAM V. HUDSON. Secretary.
JOHN J. V. BURKE, Assistant Secretary.

TRUSTEES
CLARENCE O. BIGELOW,
CHARLES E. DUBOSS,
ROBERT L. HARRISON,
JOHN W . JACOBUS,
GEORGE E. MARKS,
Ar t h u r j . m cclu rk ,
THOMAS P. SOMERS,

CHAS. H. VAN AKEK.
V. CHAPIN DAGGETT,
JOSEPH H. EMERY,
N. S, WESTCOTT,
WM. V. HUDSON.
M. P. GOULD,

RUEL W . POOR,
HERBERT B. HARDING,
G. ELLIS REED,
WM. P. H. KOELSCH.
JAMES BOYD,
WILLIAM S. DENISON,
EDWARD C. TITUS.

F IN A N C IA L
RESOURCES
R on ds and m o r tg a g e s ......................
S tock and bond investm ents, v iz .:
Par
Stocks and bonds
value
$549,600 00
United States...........................
50,000 00
State o f New York..................
25,000 0©
State o f Alabama...................
State o f C alifornia................
20,000 00
233,000 C
O
C ities in other States............
410,000 00
Cities in th is State...............
46,000 00
Counties in th is State............
95,925 00
Towns In this State...............
94,086 66
Villages in this State...........
100,129 98
School districts in this State
359,000 00
Railroad m ortgage bonds—
$1,9®!, 741 64

$ 3 ,0 9 9 ,9 2 5 00
Estimated
Original
market value
coat
$549,600 00
$549,600 00
55,350 00
53,968 75
24,600 00
27,310 00
19,200 00
19,411 40
239,900 00
250,871 66
424,347 19
412,250 00
45,770 00
46,157 75
97,815 04
100,88? 25
100,757 68
94,776 35
108,353 45
102,016 23
297,190 00
336,386 00
$2,017,051 13

$1,938,367 62
1 ,9 3 8 ,3 6 7 62

O ther rea l estate, b ook va lu e, $10,573.46; cost, $10,573.46;
a ctu a l cash va lu e .................................................................................
C ash on d ep osit in banks o r tru st com pan ies...............................
C ash on hand ............................................................................................
T o ta l co lle ctib le in te re st..........................................................................

10 ,57 3
4 2 3 ,5 0 0
6 ,8 7 2
5 6 ,0 4 4

46
00
19
17

$ 5 ,5 3 5 ,2 8 2 44
LIAB ILITIES
A m ou n t du e d ep ositors, v iz .:
Principal .............................................................................. $5,137,996 04
Dividends credited or to be credited fo r the six
93,119 47
months ending with December 31, 1918.....................
------------------ $ 5 ,2 3 1 ,1 1 5 51
O ther lia b ilitie s , v iz .: L ib erty B ond d ep osits................................
3 ,3 1 0 00
S u rplu s on m ark et v a lu e ..........................................................................
3 0 0 ,8 5 6 93
$ 5 ,5 3 5 ,2 8 2 44
S u rp lu s on p a r va lu e, $345,230.95.
C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Jan u ary 1,
1918, b efore tran sa ction s o f th e d a y ...............................................
F rom d ep ositors, n ot in clu d in g dividen ds cred ited .....................
F rom in terest on loan s d ep osits and in vestm en ts.......................
F rom ren ts from oth er rea l esta te ......................................................
F rom m ortgages .......................................................................................
F rom redem ption o f stock s and b on d s...............................................




$ 3 7 9,6 7 8
1 .7 3 8 ,8 9 2
2 3 7 ,2 1 0
1 ,0 6 6
6 9 ,1(H)
3 2 3 ,8 8 7

08
49
29
12
00
91

N

ew

Y

ork

C ounty

F rom stock s and bonds sold (to ta l p a r va lu e, $ 2 9 ,8 0 0 )..............
F rom rea l esta te s o l d ..............................................................................
F rom a ll oth er sou rces, v iz .:
Expense, profit and loss, suspense accounts..............
$5,545 74
Real estate ........................................... ..............................
1,472 09
lib e rty Loan account.......................................................
5,147 50
------------------

215
$ 2 9 ,8 0 0 00
8 8 ,0 0 0 00

12,165 33
$ 2 ,8 7 9 ,8 0 0 22

PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th em ......................... $ 1 ,4 0 6 ,3 8 9 01
F or loan s on bonds and m ortga ges...................................................
3 0 0 ,5 0 0 00
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc.
( to ta l p a r valu e,$ 6 6 7 ,2 5 0 )............................
6 6 7 ,6 1 0 48
F or in terest
(o th e r th an dividen d paym ents to d e p o s ito r s ). .
192 95
F or cu rren t expenses o l th e bank, v iz .:
For salaries ........................................................................
$18,998 65
2,554 01
For ta x es: Surplus............................................................
For expenses, except taxes, o f banking h ouse:
Repairs .........................................................................
37 46
Other ..............................................................................
657 0-j
For rent of banking room s..............................................
3,000 00
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
1,113 08
Insurance ......................................................................
90 80
Taxes ..............................................................................
910 36
O tter ...........................................................................
1,004 89
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
------------- —
2 9 ,3 1 5 94
F or rea l esta te acquired b y foreclosu re, o r in settlem ent o f
32,963 89
debts due th e b a n k ................................................................................
O ther paym ents, v iz .:
Suspense accounts ............................................................
$7,472 61
Real estate accounts.........................................................
1,999 08
Profit and loss account, Liberty Loan account........
2,984 07
■---------12,455 76
Cash on hand and in banks o r tru s t com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y ...............................................
4 3 0,372 19
$ 2 ,8 7 9 ,8 0 0 22
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou nts Jan u ary 1, 1919....................................
13,176
N um ber o f accou n ts opened o r reopened d u rin g th e y e a r .. . .
2 ,0 7 8
N um ber o f a ccou n ts closed du rin g th e y e a r..................................
2 ,0 7 0
A m oun t dep osited d u rin g th e yea r, n o t in clu d in g dividen ds
cred ited fo r th a t p e rio d ..................................................................... $ 1 ,7 3 8 ,8 9 2 49
A m oun t w ith draw n du rin g th e y e a r.................................................
1 ,4 0 6 ,3 8 9 01
A m oun t o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918...........................................................................
$89,606 38
January 1, 1919....................................................................
98,119 47
-----------------182,725 85
A verage am ount o f each accou n t Jan u ary 1, 1919 ......................
397 02
R ate per cen t, o f d iv id en d s to dep ositors d u rin g th e six m onths
ending Jun e 30, 1918............................................................ ...............
4
R ate per cen t, o f d ivid en d s to dep ositors du rin g th e six m onths
en din g D ecem ber 31, 1918...................................................................
4
T ota l earn in gs o f th e bank fo r th e yea r 1918, a fter allow in g
fo r a m ortiza tion o f prem ium s and d iscou n ts.............................
$256,059 49
T ota l expenses o f th e bank fo r th e year 101®..................................
3 9 ,6 8 4 44
D ividends pa id to dep ositors fo r th e yea r 1918.........................
182,725 85
N et earn in gs fo r th e y ea r 1918 over expenses and dividen ds
paid to d e p o sito rs...................................................................................
3 3 ,6 4 9 18




NIAGARA COUNTY

91.

FARMERS AND MECHANICS’ SAYINGS BANK OF THE CITY OF
IiOCKPORT

[116 Main street; incorporated 1870]
W ILLIAM A . W ILLIAM S. President.
J. E. EMERSON, Secretary.
CHARLES A . HOAG. Vice-President.
CHABLES H . WENDELL, A sst. Secy.
JOHN T. DARRISON, Vice-President.

TRUSTEES
WM. A . W ILLIAMS,
CHARLES A. HOAG,
JOSEPH DTJMVILLE,
JEROME E. EMERSON,

JOHN T. DARRISON,
H. J. BABCOCK,
WM. RICHMOND,
I. A . BRONSON,
THOS M. MCGRATH,

M. D. CLAPSATTLE,
JOHN B. ARNOLD,
B . M. QRIGG,
ROBERT HALL.

FINANCIAL
RESOURCES
B on ds and m o r tg a g e s .............................................................................. $ 4 ,0 2 6 ,0 1 2 00
S tock and bond investm ents, v iz .:
Par
O riginal
Estimated
Stocks and bonds
value
cost
market value
United States ........................ $606,050 00
$6C6,060 00
$606,050 00
State o f Louisiana.....................
100,00000
99,085 00
101,000 00
73,000 00
73,825 65
74,926 00
Cities in other States...........
Cities in this State...................
132,40182
134,934 23
130,612 84
Towns in this State..................
153,25188
153,318 38
149,223 23
Villages in this State...............
138,00000
138,802 33
134,690 00
School districts In this State
61,250 00
62,536 35
61,791 40
Railroad mortgage bonds—
802,000 00
832,085 64 • 671,740 00
$2,065,953 70

$2,100,637 48

$1,929,932 47
1 ,9 2 9 ,9 3 2 47

B anking house and lo t, b ook valu e, $143,955.70; co st, $143,9 5 5 .7 0 ; aetu al cash v a lu e ...................................................................
O ther rea l esta te, b ook va lu e, $10,405.48; cost, $29,758.17;
a ctu a l cash va lu e .................................................................................
C ash on dep osit in banks o r tru st com pan ies..................................
Gash on hand
T o ta l o f co lle ctib le in te re st..................................
A m ou n t o f a ll oth er assets, v iz .:
$2,357 60
Land contracts and Interest accrued on same.
778 66
Rent accrued ...........................................................
U. S. W ar Savings Stamps...................................
418 77

1 4 0 ,0 0 0 00
2 9 ,7 5 8
1 ,0 3 1 ,2 8 3
1 2 4 ,4 1 9
6 0 ,2 0 1

17
60
42
56

3 ,5 5 4 93
$ 7 ,3 4 5 ,1 6 2 15
LIAB ILITIES
A m ou n t due d ep ositors, v iz .:
Principal .............................................................................. $8,815,646 66
Dividends credited o r to be credited for the six
months ending with December 31, 1918......................
61,400 66
$ 6 ,8 7 6 ,9 4 7 32

S u rplu s on m ark et v a lu e.

468,214 83
$ 7 ,3 4 5 ,1 6 2 15

S u rplu s on p a r va lu e, $604,236.06.
C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Jan u ary 1,
1918, b efore tran sa ction s o f th e d a y .............................................
F rom d ep ositors, n ot in clu d in g dividen ds cre d ite d .......................
F rom in terest on loa n s, d ep osits and in vestm en ts.........................
F rom ren ts from bankin g h ou se..........................................................
F rom ren ts from oth er rea l esta te...........................................
F rom m ortgages .......................................................................................




[216]

$ 8 2 3,8 0 8
3 ,0 3 9 ,5 8 7
3 1 5 ,0 6 2
7 ,4 5 3
4 660
144 *855

31
37
88
75
48
00

N

ia g a r a .

C oun ty

F rom redem ption o f stock s and b on d s..................................
F rom stock s and bonds sold (to ta l pa r valu e, $451,800)
F rom rea l estate s o l d .................................................................
F rom a ll oth er sou rces, v iz .:
A rticle sold .........................................................................
$33 14
Suspense account ..............................................................
6,139 42
379 84
Profit and loss — judgm ent..............................................
Insurance repaid ..................................
76 99

217
$ 267,503 00
4 5 1 ,8 0 0 00

6,000 00

5 ,6 2 8 39
$ 5 ,0 6 6 ,3 4 9 18

PAYMENTS
T o dep ositors, in clu d in g dividen ds p a id to th em ......................... $ 2 ,7 7 3 ,8 9 1
9 3 ,8 0 0
F or loan s on bonds and m ortga ges...................................................
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
1 ,0 0 1 ,7 9 1
sions, etc. (to ta l p a r va lu e, $ 1 ,00 1 ,7 9 1 .21 )................ .................
741
F or in terest (o th e r than dividen d paym ents to d e p o s ito rs ). .
F or cu rren t expenses o f th e bank, v iz .:
$16,421 00
For salaries .......................................................................
For ta x es: Banking house,$3,399.46 ; surplus, $2,722.96
6,122 41
For expenses, except taxes, o f banking house:
R ep a irs...........................................................
901
66
Other ............................................................................
3,787 14
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
26 32
Insurance ....................................................................
19 80
Taxes ..............................................................................
882 48
Other ..............................................................................
3,008 40
For other expenses, not including expenses o f other
real estate nor otherexpenses o f banking house..
3,861 20
3 4 ,9 9 9
F or rea l esta te acqu ired b y foreclosu re, o r in settlem ent o f
4 ,4 0 5
debts du e th e b a n k ................................................................................
598
O ther paym ents, v iz .: Suspense a c c o u n t.......................................
C ash on hand and in banks o r tru s t com panies D ecem ber 31,
1 ,1 5 6 ,1 2 1
1918, a fter tran sa ction s o f th e d a y ...............................................
$ 5 ,0 6 6 ,3 4 9

06
00
21
63

41
48
60
79
18

S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open a ccou n ts Ja n u a ry 1, 1919..................................
13,997
N um ber o f accou nts opened o r reopened du rin g th e y e a r-----1 ,919
N um ber o f accou n ts closed du rin g th e y e a r ....................................
2 ,6 7 3
A m ount dep osited du rin g th e y ea r, n o t in clu d in g dividen ds
cred ited fo r th a t p e rio d ........................................................................ $ 3 ,0 3 9 ,5 8 7 37
A m oun t w ith draw n du rin g th e y e a r.................................................
2 ,7 7 3 ,8 9 1 06
A m ount o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
April 1, 1918...........................................................................
$61,397 51
July 1, 1918...........................................................................
59,568 42
October 1, 1918....................................................................
59,678 65
January 1, 1919....................................................................
61,400 66
Credited at other periods. ................................................
20 10
2 4 2 ,0 6 5 34
A verage am ount o f each a ccou n t Jan u ary 1, 1919......................
491 31
N um ber o f accou nts w hich exceeded $3,000, exclu sive o f d iv i­
dends cred ited , a t th e la st tr ia l balan ce o f d ep ositors’
ledgers, excep t d ep osits a risin g from society accou n ts, or
ju d icia l sales, o r tru st fu n ds, or. b y ord er o f a cou rt o f
record o r o f a su rrog a te.....................................................................
8
T ota l am ount o f such a ccou n ts............................................................
$30,971 81
R ate per cen t, o f d iv id en d s to dep ositors du rin g th e six m onths
ending Ju n e 30, 1918............................................................................
4
R ate per cen t, o f d iv id en d s to d ep ositors du rin g th e s ix m onths
ending D ecem ber 31, 1918.................................................................
4
T ota l earn in gs o f th e bank fo r th e yea r 1918, a fte r a llow in g
fo r a m ortiza tion o f prem ium s and d iscou n ts.............................
$ 3 2 4,0 9 5 85
T ota l expenses o f th e bank fo r th e yea r 1918...............................
3 4 ,9 9 9 41
D ividends paid to d ep ositors fo r th e yea r 1918.............................
2 4 2 ,0 6 5 34
N et earn ings fo r th e yea r 1918 over expenses and dividen ds
paid to dep ositors ................................................................................
47,031 10




218

R

92.

epoet

on

S a v in g s B

anks

NIAGARA COUNTY SAYINGS BANE, NIAGARA FALLS
1304 Niagara street; Incorporated 1890]

C. M. YOUNG, President.
JOSEPH E. MONTAGUE, Vice-President.
HENRY HUBBS. Vice-President.

JAMES T. LOW. Secretary.
JOHN P. DOLAN, Treasurer.

TRUSTIES
L. W. PETTEBONE,
ALEX. J . PORTER,
JULIUS KRAKOSKI,
FRANCIS H. SALT,
FRED J. COB,

GEOBGE F. NYE,
W ILLIAM C. WALLACE,
JOSEPH E. MONTAGUE,
JOHN T. WILLIAMSON,
CHRIS. M. YOUNG,
AUGUSTUS G. PORTER,

EUGENE CARY,
de LANCBY RANKINF,
JOHN H. ELLEMBAUM,
FRED'K CHORMANN,
HENRY HUBBS.

FINANCIAL
RESOURCES
$ 1 ,7 5 0 ,1 7 9 00
B on ds and m ortgages ........................................................
S tock and bond investm ents, v iz .:
Estimated
Par
Original
Stocks and bonds
value
cost
market value
United S ta tes.......................... $346,784 00
$346,78400 $346,784 00
Cities in other States...........
8,000 00
5,24725
5,100 00
329,016 48
Cities in this State................
329,518 86
333,32646
4, 850 C
O
Counties in this State...........
5,000 00
4,90000
Towns in this State...............
21,600 00
22,15712
21,926 00
93,615 00
Villages in this State...........
92,000 00
93,56386
36,740 00
School districts in this State
36,000 00
37,56210
Railroad mortgage bonds—
270,000 00
257,74050 238,750 00
$1,105,902 88

$1,101,281 29

Cash on d ep osit in banks o r tru st com panies
Cash on h a n d ...............................................................
T ota l o f co lle ctib le in te re st..................................

$1,076,781 48
========== 1 ,0 7 6 ,7 8 1 43
....................
3 8 0 ,6 7 5 69
..............................................1 1 ,33 2 16
..............................................5 1 ,5 9 0 81
$ 3 ,2 7 0 ,5 5 9 14

LIAB ILITIES
A m oun t du e d ep ositors, v iz .:
Principal .............................................................................. $3,071,857 11
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918.....................
52,320 07
------------------ $ 3 ,1 2 4 ,1 7 7 18
O ther lia b ilitie s , v iz .: D ue m ortg a g ors...........................................
1 ,0 6 3 65
S u rplu s on m arket v a lu e ..........................................................................
145,318 31
$ 3 ,2 7 0 ,5 5 9 14
S u rplu s on p a r v a lu e, $174,439.69.
C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Janu ary 1,
1918, b efore tra n sa ction s o f th e d a y .............................................
$ 2 74,924 51
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d ....................... 2 ,0 1 0 ,4 9 8 37
F rom in terest on loa n s, d ep osits and in vestm en ts.......................
148,631 44
F rom m ortgages .......................................................................................
182,8 1 6 00
F rom redem ption o f stock s and b on d s...............................................
2 4 3 ,0 7 2 00
F rom a ll oth er sources, v iz .: D ue on m ortga ges.........................
5 ,9 8 1 97
$ 2 ,8 6 5 ,9 2 4 29
PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th em ......... ...............$ 1 ,7 2 7 ,8 1 0 68
F or loa n s on bonds and m ortga ges....................................................
1 3 8 ,2 5 0 00




N

ia g a r a

County

F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l pa r va lu e, $ 5 6 3 ,4 3 1 .8 6 )......................................
F or in terest (oth er th an dividen d paym ents t o d e p o s ito r s ). .
F or cu rren t expenses o f th e bank, v iz .:
F or salaries ........................................................................
$12,204 46
1,346 (8
F or ta x es: 'Surplus............................................................
For rent o f banking room s..............................................
1,060 00
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
3,363 46
-----------------O ther paym ents, v iz .: D ue on m ortga ges......................................
C ash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y ...............................................

219
$552,313 79
931 55

17 ,96 2 95
3 6 ,6 4 7 47
3 9 2 ,0 0 7 85
$ 2 ,8 6 5 ,9 2 4 29

S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open a ccou n ts Jan u ary 1, 1919......................................
8 ,8 3 0
N um ber o f a ccou n ts opened o r reopened du rin g th e y e a r...........
3 ,1 0 9
N um ber o f a ccou n ts closed du rin g th e y e a r..................................
3 ,0 7 4
A m oun t dep osited du rin g th e yea r, n ot in clu d in g dividends
cred ited fo r th a t p e rio d ........................................................................ $ 2 ,0 1 0 ,4 9 8 37
A m ou n t w ith draw n du rin g th e y e a r .................................................
1 ,7 2 7 ,8 1 0 68
A m oun t o f dividen ds cred ited and paid fo r th e yea r, v iz .:
July 1, 1918...........................................................................
$47,684 22
January 1, 1919....................................................................
50,867 65
Credited at other periods.................................................
2,167 ©
9
-----------------100,698 86
A verage am ount o f each accou nt Jan u ary 1, 1919....................
353 81
N um ber o f accou n ts w hich exceeded $3,000, exclu sive o f d iv i­
dends cred ited , a t th e la s t tr ia l balance o f d ep ositors’
ledgers, excep t dep osits a risin g from society accou n ts, o r
ju d ic ia l sales, o r tru s t fu n ds, o r b y ord er o f a cou rt o f
5
record o r o f a su rrog a te.....................................................................
T ota l am ount o f such a ccou n ts............................................................
$ 3 3 ,5 2 3 57
R ate per cen t, o f dividen ds to dep ositors du rin g th e s ix m onths
en din g Ju n e 30, 1918............................................................................
4
R a te per cen t, o f dividen ds to d ep ositors d u rin g th e s ix m onths
en din g D ecem ber 31, 1918...................................................................
4
T ota l earn in gs o f th e bank fo r th e yea r 1918, a fte r a llow in g
$148,695 41
fo r a m ortiza tion o f prem ium s and d iscou n ts.............................
T o ta l expenses o f th e bank fo r th e y ea r 1918..................................
17,962 95
D ividends p a id to d ep ositors fo r th e yea r 1918.............................
100,698 86
N et earn ings fo r th e yea r 1918 over expenses and dividen ds
p a id to d e p o sito rs...................................................................................
3 0 ,0 3 3 60




ONEIDA COUNTY
83. THE ONEIDA COUNTY SAYINGS BANK, HOME
1178 W est Dominick street; Incorporated 1889]
CHAS. W. LEE, President.
A. E. WETHBRBEE, Treasurer.
JAMES P . OLNEY, Vice-President.
A. M. HOOKE, Asst. Tieasurer.
V. M. ORTON. Vice-President.
6 . I* PRESCOTT, Secretary.

TRUSTEES
F. M. ORTON,
D. L. GREENFIELD,
HOWARD C. WIGGINS,
JOHN R. EDWARDS,

W. W. PARRY,
LAWRENCE CAREY.
ARTHUR J. W YLIE,
D. W. WARDWELL,
CHARLES W . LEE.

JAMBS P. OLNEY,
F . G. RATHBUN,
D. L. BRADT,
E . A. SMITH,

FINANCIAL
RESOURCES
B on ds and m o r tg a g e s .. . ; ........................................................................$ 1 ,4 0 0 ,8 6 3 38
S tock and bond investm ents, v iz .:
Par
Original
Estimated
Stocks and bonds
value
market value
cost
$165,050 00
$166,050 00
$166,050 00
United States ........................
56,864 47
55,150 00
Cities In other States...........
55,000 00
127,794 %
138,881 00
Cities In this State................
135,340 00
9,655 00
9,867 60
Towns In this State...............
9,500 00
202,180 70
192,562 60
Villages In this State...........
199,030 00
19,214 17
School districts In this State
19,000 00
19,005 00
453,5% 00
366,710 00
Railroad mortgage bonds—
456,000 00
$1,038,920 00

$1,045,644 44

$935,917 15

P rom issory n o t e s .......................................................................................
B anking house and lo t, b ook va lu e, $ 2 9 ,0 0 0 ; cost, $29,342.30;
a ctu al cash valu e .................................................................................
O ther rea l esta te, book va lu e, $943.68; cost, $943.68; a ctu a l
cash v a lu e ................................................................................................
Cash on d ep osit in banks o r tru st com pan ies......... ..........................
Gash on hand
T o ta l o f co lle ctib le in te re s t...........................
A m ou n t o f a ll oth er assets, v iz .:
$137 72
Insurance premiums and taxes advanced.
U. S. T h rift Stamps.........................................
6100

9 3 5 ,9 1 7 15
475 00
2 9 ,0 0 0 00
943
166,277
3 1 ,5 7 3
4 8 ,6 1 4

68
40
11
64

198 72
"$ 2 ,6 1 3 ,8 6 3 08
LIA B ILITIE S
A m oun t du e d ep ositors, v iz .:
Principal .............................................................................. $2,347,602 85
Dividends credited or to be credited for the six
months ending with December 31, 1918......................
40,165 49
$ 2 ,3 8 7 ,7 6 8 34
O ther lia b ilitie s , v iz .:
Liberty Bond deposits.
B ills payable ................

$8,779 60
60,000 00
6 8 ,7 7 9 50
157,315 24
$ 2 ,6 1 3 ,8 6 3 08

S u rplu s on m arket v a lu e.
S u rplu s on p a r va lu e, $260,318.09.

C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
C ash on hand and in banks o r tru st com panies Jan u ary 1,
1918, b efore tran sa ction s o f th e d a y .............................................
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d ....................
F rom in terest on loa n s, d ep osits and in vestm en ts.......................
F rom ren ts from bankin g h ou se..........................................................
From m ortgages ............................................. : ........................................




[220]

$ 1 8 3 ,6 2 0
5 0 5 ,1 1 1
119,501
442
113,704

84
56
89
00
00

O n e id a C o u n t y
F rom redem ption o f stock s and b on d s............................. ••.............
F rom stock s and bonds sold (to ta l par valu e, $ 9 6 ,8 1 7 )............
F rom loa n s p a id .................................................................
F rom a ll oth er sou rces, v iz .:
$905 18
In terest.................................................... .................. . —
430 36
Appraisals recording and m ortgage insurance ta x ..
99.000 00
Demand lo a n .......................................................................
138,973 00
lib e rty Doan subscriptions..............................................
60.000 00
U. 8. certificates o f indebtedness...................................
2,350 00
T h rift Stamps and certificates........................................
18 88
Examining fee, sale o f old iron, miscellaneous..........

221
$ 2 3 ,8 2 0 00
9 6 ,81 7 00
4 ,6 8 5 00

301,677 32
$ 1 ,3 4 9 ,3 7 9 61

PAYMENTS
T o dep ositors, in clu d in g dividen ds p a id to th em ...........................
F or loan s on bonds and m ortga ges............................. , ...................
F or loans on stock s and bonds and oth er secu rities..................
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sions, etc. (to ta l par valu e, $ 2 8 9 ,2 6 8 )........................................
F or in terest (oth er than dividen d paym ents to d ep ositors) . .
F or cu rren t expenses o f th e bank, v iz .:
For salaries .......................................................................
$9,108 01
For ta xes: Banking house, $442.94 ; surplus, $1,366.84;
on mortgages, $135.20 ....................................................
1,944 98
For expenses, except taxes, o f banking bou se:
Bepairs ..............................................................................
223 44
In su rance...........................................................................
117 35
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
2,137 68

$ 6 3 5,8 7 9 74
3 7 ,1 0 2 25
255 00
2 8 9 ,2 6 0 13
2 70

13,531 46
F or rea l estate acquired b y foreclosu re, o r in settlem ent o f
debts due th e b a n k ..............................................................................
O ther paym ents, v iz .:
U. S. Certificates o f indebtedness..................................
$60,000 00
Liberty Loan subscribers.................................................
73,309 00
Demand loan ......................................................................
39,000 00
1,661 00
T h rift Stamps and certificates........... ............................
M ortgage insurance and tax accounts...........................
263 95
Loss on mortgage — correction to depositor..............
330 19

943 68

174,554 14
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fte r tran sa ction s o f th e d a y ...............................................
S T A T IS T IC A L IN F O R M A T IO N
■Number o f open a ccou n ts Jan u ary 1, 1919....................................
N um ber o f accou n ts opened o r reopened d u rin g th e y e a r-----N um ber o f a ccou n ts closed du rin g th e y e a r....................................
A m ount dep osited du rin g th e yea r, n o t in clu d in g dividends
cred ited fo r th a t p e rio d .....................................................................
A m oun t w ith draw n du rin g th e y e a r.................................................
A m oun t o f dividen ds cred ited an d p a id fo r th e year, v iz .:
July 1, 1918...........................................................................
$20,310 52
January 1, 1919....................................................................
19,876 97
Credited at other periods................................................
#,859 64
Paid but not credited........................................................
128 93
A verage am ount o f each accou n t Ja n u a ry 1, 1919.........................
R ate per cen t, o f dividen ds to d ep ositors du rin g th e s ix m onths
ending Jun e 30, 1918............................................................................
R a te per cen t, o f divid en d s t o dep ositors du rin g th e s ix m onths
ending D ecem ber 31. 1918................................................................
T ota l earn in gs o f th e bank fo r th e yea r 1918, a fter a llow in g
fo r a m ortiza tion o f prem ium s and d iscou n ts.............................
T ota l expenses o f th e bank fo r th e yea r 1918..................................
D ividends p a id t o d ep ositors fo r th e yea r 1918.............................
N et earn ings fo r th e yea r 1918 over expenses and dividen ds
p a id t o d ep ositors ................................................................................




1 9 7 ,8 5 0 51
$ 1 ,3 4 9 ,3 7 9 61
7 ,5 7 3
803
838
$505,111 56
6 3 5 ,8 7 9 74

8 1 ,1 7 6 06
315 04
3%
3%
$ 1 2 1,4 2 9 99
1 3 ,84 2 90
8 1 ,1 7 6 06

26,411 03

222

B

efort

on

S a v in g s B a n k s

94. THE ROMS SAVINGS BANK, ROME
[122 W est Dominick street; Incorporated 1851]
SAM U ELH . BEACH, President.
JAMES T . STONE, 1
HENRY BARNARD, S s., Vice-President.
JAMES A. BAILEY, viee-President.

sn w w t*

TRUSTEES

1 “L*■*
A

SAMUEL H. BEACH,
HENRY BARNARD, SlL,
jo h n d . m cm ah o n ,
THEO. J. MOWRY,

JAMES A . SPARGO.
JAMES M. ETHRIDGE,
CARL SIMON,
GEORGE A. CLYDE,
A. R, KBSSINGER,
FRED M. SHELLEY,
TOW ARD J- ROWLAND.
JAMBS A. BAILEY,
WESTON JENKINS.
F IN A N C IA L
RESOURCES
B on ds and m o r tg a g e s ...........
$ 1 ,8 3 4 ,8 4 9 74
S tock and bond in vestm ents, v iz .:
Par
Estimated
Original
Stocks and bonds
value
cost
market value
150.000 00
State o f New York.......
152,000 00
*50,200 00
83,790 00
State o f Massachusetts.
80,000 00
70.200 00
30.000 00
State o f C alifornia.......
28,615 00
28.200 00
Cities in other States.
172,086 43
168.000 00
160,750 00
325,463 21
323,627 26
Cities in th is State.
341,126 17
30,819 00
Towns in th is State.
30.000 00
39,900 00
Villages In this S tate..
46,600 00
43,736 00
47,994 75
23,000 00
23,623 00
School districts in this State
23.000 00
804,166 65
759,500 00
696,745 00
Railroad m ortgage b on d s....
*1,510,727 26

*1,588,180 90

*1,429,194 21
1 ,4 2 9 ,1 9 4 21

B anking bou se and lo t , b ook va lu e, $52,000; co st, $54,000;
a ctu a l cash v a lu e ...................................................................................
O ther rea l esta te, b od e va lu e, $13,378.72; co st, $14,265.97;
a ctu a l ca d i va lu e .................................................................................
C ash on d ep osit in banks o r tru st com pan ies..................................
C ash on hand ..............................................................................................
T o ta l o f collectib le in te re st...................................................................
A m ou n t o f a ll oth er assets, v iz .:
Liberty Bonds held fo r subscribers..............................
*282,700 00
Land contracts .................................................................
3,652 00
Insurance premiums and taxes advanced................
2,868 12
U. S. certificates o f indebtedness..................................
40,000 00

5 2 ,0 0 0 00
1 3 ,3 7 8
176,2 7 6
5 0 ,6 2 6
6 5 ,3 9 6

72
98
72
58

3 2 9 ,2 1 0 12
$ 3 ,9 5 0 ,9 3 3 07
LIAB ILITIES
A m ou n t du e d ep ositors, v iz .:
Principal ........................................................................... *3,504,558 84
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918......................
59,299 99
O ther lia b ilitie s , v iz .: L ib erty B ond d ep osits.
S u rplu s on m arket v a lu e .............................................

$ 3 ,5 6 3 ,8 5 8
2 6 ,1 9 0
3 6 0 ,8 8 3
$ 3 ,9 5 0 ,9 3 3

83
40
84
07

S u rplu s on pa r va lu e, $442,416.89.
C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
C a d i on hand and in banks o r tru s t com panies Ja n u a ry 1,
1918, b efore tra n sa ction s o f th e d a y .............................................
F rom d ep ositors, n ot in clu d in g dividen ds cre d ite d ......................
F rom in terest on loa n s, d ep osits and in vestm en ts.........................
F rom ren ts from ban kin g b o u se ..........................................................
F rom rent® from oth er rea l e sta te ......................................................
F rom m ortgages .......................................................................................
F rom redem ption o f stock s and b on d s...............................................
F rom stock s and bonds sold (to ta l p a r va lu e, $ 5 0 ,0 0 0 )............




$ 1 9 9 ,5 3 0
7 7 4 ,8 8 2
1 8 3 ,1 7 9
300
268
1 9 8 ,1 1 3
3 3 ,7 8 1
4 7 ,5 0 0

73
88
45
00
70
11
54
00

223

O n e id a C o u n t y
F rom rea l esta te sold ........................................................
F rom a ll oth er sources, v iz .:
Suspense ............................................................................
M ortgagors tax and insurance........................................
P rofit and loss — bonds purchased..................................
Land contracts .................................................................
lib e rty Bonds, U. S. certificates o f Indebtedness....
Insurance returned .........................................................

$ 3 ,1 6 4 94
$338 10
97 69
67 61
900 00
536,039 18
51 31
5 3 7 ,4 8 3 79
$ 1 ,9 7 8 ,2 0 5 14

PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th em .........................
F or loa n s on bonds and m ortga ges....................................................
F or in terest (o th e r than dividen d paym ents t o d e p o s ito rs ). .
F or cu rren t expenses o f th e bank, v iz .:
F or salaries ........................................................................
$15,394 00
For ta xes: Banking house, $761.29; surplus, $3,229.26;
on mortgages, $178.00.....................................................
4,168 55
For expenses, except taxes, o f banking h ouse:
Repairs ........................................................................
11120
Insurance ................... ................................................
159 04
Other ..............................................................................
755 00
For expenses o f other real estate, v iz .:
32 75
Repairs ...........................................................................
258 82
Insurance ......................................................................
296 41
Taxes ..............................................................................
25 95
Other ..............................................................................
For other expenses, not including expenses o f other
4,704 74
real estate nor other expenses o f banking house..

$922,381 76
3 8 ,0 9 6 68
706 24

2 5 ,9 0 6 46
F or rea l estate acquired b y foreclosu re, o r in settlem ent o f
debts due th e b a n k ................................................................................
O ther paym ents, v iz .:
$288 28
Suspense account ....................................
M ortgage tax and insurance account.
2,864 58
13,041 28
OTirift and W&r Savings Stamps...........
519,472 60
lib erty Bonds ...........................................
220,000 00
U. S. certificates o f indebtedness..........
2,250 00
Land contracts ........................................
864 94
P rofit and loss — real estate sold........

5 ,4 2 8 72

758,781 58
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e 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 accou n ts Ja n u a ry 1, 1919....................................
N um ber o f a ccou n ts opened o r reopened du rin g th e y e a r-----N um ber o f accou nts closed du rin g the y e a r.................................
A m ount dep osited d u rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p e rio d .....................................................................
A m ount w ith draw n du rin g th e y e a r ................................................
A m oun t o f dividen ds cred ited and p a id fo r th e year, v iz .:
July 1, 1918...........................................................................
$29,884 19
January 1, 1919....................................................................
29,550 54
Credited at other periods..............................................
60,246 21
Paid but not credited........................................................
306 55
A verage am ount o f each a ccou n t J an u ary 1, 1919....................
R ate per cen t, o f dividen ds to d ep ositors du rin g th e s ix m onths
en din g Ju n e 30, 1918............................................................................
R ate per cen t, o f dividen ds to d ep ositors du rin g th e s ix m onths
en din g D ecem ber 31, 1918...................................................................
T ota l earn ings o f th e bank fo r th e year 1918, a fter a llow 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 1918..................................
D ividends p a id to d ep ositors fo r th e yea r 1918.............................
N et earn ings fo r th e yea r 1918 over expenses and dividen ds
p a id to d ep ositors ..............................................................................




2 2 6 ,9 0 3 70
$ 1 ,9 7 8 ,2 0 5 14
10,573
1 ,0 5 9
1 ,0 35
$ 7 7 4,8 8 2 88
922,3 8 1 76

119.986 49
336 67
m
3%
$ 1 7 9,8 7 4 15
2 5 ,9 0 6 46
119.986 49

33,981 20

224

R

epost

on

S a y in g s B a n k s

95. THE SAYINGS BANK OF UTICA, UTICA
[233 Genesee street; incorporated 1839]
CHABLES A. MILLER, President.
RUFUS P. BIRDSEYE, Treasurer.
NICHOLAS E. DEYBREAUX, Vice-Pres. HARRY A. HILSINGBB, Secretary.
STEPHEN J. ELDBED. Asst. Secretary. .

TRUSTIES
RUFUS P . BIRDSEYE,
THOMAS R PROCTOR,
CHARLES A . M ILLE R
CHARLES S. SYMCKIDS,

N. E . DEVEREUX,
GEORGE L. CURRAN,
GEO. L. BRADFORD,
EDMUND C. RICHARDS,
FRANK E. W H EELER

CHARLES B. ROGERS,
WARNICK J. KEENAN,
OTTO A . MEYER,
GEORGE C. MASON.

F IN A N C IA L
RESOURCES
B on ds and m ortgages ............................. .............................................. $ 7 ,8 5 4 ,5 3 1 06
S to ck and bond in vestm ents, v iz .:
Estim ated
Par
Original
Stocks and bonds
value
cost
market value
United States .......................... *1,9*7,429 89 $1,928,471 69 $1,947,429 89
96,900 00
96,500 05
State o f C alifornia...............
96,000 00
1,458,142 50
1,409,577 00
Cities in otter States............ 1,426,600 00
Counties, villages and towns
99,215 88
98,400 00
in adjoining States.............
96,000 00
Cities in this State..................... 2,105,93660 2,223,444 34
2,124,514 17
76,603 99
Counties in this State...........
75,000 00
75,160 00
76,734 00
79,811 97
Towns in this State...............
76,800 00
423,849 22
V illages in this State............
410,007 88
408,442 06
101,406 00
School districts in this State
99,500 00
106,275 98
2,369,391 36
R ailroad m ortgage bonds— 2,298,362 72
2, m m 94
Land Bank o f the State o f
40,280 25
40,000 00
New York ...........................
40,000 00
$8,669,637 09

$8,900,987 23

$8,666,804 06

P rom issory n o t e s .......................................................................................
B an k in g house and lo t, book valu e, $93,000; cost, $249,203.30;
a ctu a l cash valu e ............................................................... ...............
O th er rea l esta te, b ook va lu e, $5,012.80; co s t, $5,012.80
a ctu a l cash va lu e ..............................................................................
C ash on d ep osit in banks o r tru s t com p a n ies.............................
C ash on hand
T ota l o f collectib le in te re st.............................
A m ou n t o f a ll oth er assets, v iz .:
Insurance premiums and taxes advanced........
$298 22
1,024 62
Suspense account ..................................................
Land contract and accrued interest on same.
3,086 00
Liberty Bonds held fo r subscribers..................
50,500 00
U. S. T h rift Stamps..............................................
887 05

8 ,5 6 6 ,8 0 4 06
5 ,5 4 5 00
9 3 ,0 0 0 00
5 ,0 1 2
1 ,4 2 9 ,8 1 0
125,8 3 8
201,8 2 3

80
16
96
27

6 1 ,7 4 4 89
$ 1 8 ,3 4 4 ,1 1 0 20
LIAB ILITIES
A m ou n t du e d ep ositors, v iz .:
Principal ..............................................................................$16,063,147 53
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918.....................
261,966 93
-$ 1 6 ,3 2 5 ,1 1 3 46
O th er lia b ilitie s , v iz .:
$93,998 73
Liberty Bond deposits .............
Expenses incurred, but unpaid.
5,461 04
9 9 ,4 5 9 77
S u rplu s on m arket v a lu e ........................................................................
1 ,9 1 9 ,5 3 6 97
$ 1 8 ,3 4 4 ,1 1 0 20
S u rplu s on p a r valu e, $2,022,370.
C A SH T R A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Jan u ary 1,
1918, b efore tran sa ction s o f th e d a y ...........................................$ 1 ,3 5 5 ,6 3 1 20
F rom d ep ositors, n o t in clu d in g dividen ds cred ited ....................
4 ,1 0 3 ,2 3 7 16




O N EID A COUNTY
F rom in terest on loa n s, d ep osits and in vestm en ts.........................
F rom ren ts from oth er rea l esta te ....................................................
F rom m o rtg a g e s ..........................................................................................
F rom redem ption o f stocks a n d b on d s...............................................
F rom stock s and bonds sold (to ta l par valu e, $ 2 ,06 5 ,5 1 1 .75 ).
F rom loan s p a id .......................................................... ............................
F rom rea l esta te s o l d ..............................................................................
F rom a ll oth er sou rces, v iz .:
Liberty Bond subscriptions..............................................
$599,713 23
T h rift Stamps .................................................................
39,18120
Town o f Oswego.................................................................
2,380 00
Land contracts .................................................................
500 00
Suspense account ..............................................................
2,856 43
Profit and loss....................................................................
310 00
Interest sundries ..............................................................
460 68
M ortgagors’ tax and insurance accounts.....................
630 30

225
$838,335
132
4 0 0 ,3 7 4
551,587
1 ,8 6 2 ,0 9 1
4 ,5 6 0
1 8 ,5 0 0

44
57
14
31
04
00
00

646,0 3 1 84
$ 9 ,7 8 0 ,4 8 0 70
PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id t o th em ........................... $ 4 ,3 5 6 ,0 6 3 06
F or loa n s on bonds and m ortga ges....................................................
2 8 5 ,9 2 5 00
10,105 00
F or loan s on stock s and bonds and oth er se cu ritie s....................
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l par valu e,$ 2 ,7 3 4 ,3 8 7 .4 9 )................................
2 ,5 4 8 ,3 5 1 38
F or in terest (oth er
than dividen d paym ents to d e p o s ito r s ). . 2 6 ,8 1 7 51
F or cu rren t expenses o f th e bank, v iz .:
F or salaries ........................................................................
$42,281 79
For ta xes: Banking house, $7,879.65; surplus, $17,308.27
on mortgages, $1,376.50.................................................
26,564 42
For expenses, except taxes, o f banking h ouse:
Repairs .........................................................................
502 05
Insurance ....................................................................
63 19
Other ..............................................................................
2,446 60
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
893 18
Taxes ..............................................................................
74 44
Other ..............................................................................
325 27
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
17,634 30
-----------------9 0 ,6 7 5 24
F or rea l esta te acqu ired b y foreclosu re, o r in settlem ent o f
debts du e th e b a n k .............................................................................
8 ,5 1 2 80
Cither paym ents, v iz .:
B ills payable ....................................................................
$847,900 00
T h rift Stamps ...................................................................
39,950 00
Refunded lib e rty Loan subscriptions...........................
3,108 60
674 43
M ortgagors’ tax and insurance accounts.....................
Land contract ....................................................................
3,500 00
Suspense, profit and loss, interest sundries...............
3,248 66
-----------------898,381 59
Cash on hand and in banks o r tru s t com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y ............................................. 1 ,5 5 5 ,6 4 9 12
$ 9 ,7 8 0 ,4 8 0 70
S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accou n ts Jan u ary 1, 1919..................................
3 4 ,78 3
N um ber o f accou n ts opened or reopened du rin g th e y e a r ....
6 ,0 4 9
N um ber o f accou n ts closed du rin g th e y e a r....................................
6 ,8 57
A m ount dep osited du rin g th e yea r, n ot in clu d in g dividen ds
eredited fo r th a t p e rio d ..................................................................... $ 4 ,1 0 3 ,2 3 7 16
A m oun t w ith draw n du rin g th e y e a r.................................................
4 ,3 5 6 ,0 6 3 06
A m ount o f dividen ds cred ited an d p a id fo r th e yea r, v iz .:
July 1, 1918........................................................................... $266,630 53
January 1, 1919....................................................................
261,966 93
Credited a t other periods..............................................
11,113 20
5 3 8,609 66
469 39
A verage am ount o f each accou n t Ja n u a ry 1, 1919.

8




226

R

eport

o ir S a

w

»©

s

B

anks

Number of accounts which exceeded $8,000, exclusive of divi­
dends, credited, at the last tria l balance of depositors*
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order o f a court of
record or of a surrogate...................... ..............................................
T otal amount of such accounts............................................................
R a te per cen t, o f dividen ds to dep ositors d u rin g th e s ix m on th s
a id in g Ju n e 30,, 1918..........................................................................
R a te per cen t, o f dividen ds t o d ep ositors d u rin g th e s ix m on th s
en din g D ecem ber $1, 1918...............................................................
T o ta l ea rn in gs o f th e bank fo r to e yea r 19.18, a fte r aU nwing
fo r a m ortiza tion o f prem ium s and d iscou n ts...........................
T o ta l expenses of to e bank fo r th e yea r 1918...........................
D ivid en d s p a id t o d ep ositors fo r th e you r 1 9 1 8 ............ ........
N et earn in gs fo r th e y e w 1918 over expenses and dividen ds
p a id t o d e p ositors...................................................................................




10
$ 8 3 ,2 0 4 92
3%
m
$7 8 2,8 1 9 60
188,732 69
$ 3 8 ,4 0 9 66
5 5 ,4 7 7 25

O N O N D AG A C O U N TY

96. ONONDAGA COUNTY SAVINGS BANK, SYRACUSE
[101 South Satina street; incorporated 1855J
HENRY M. ROWLING, President.
DOUGLAS E. PETIT, Treasurer.
EDWARD A. POW ELL, Vice-President.
CHARLES A. HUDSON, Secretary.
SALEM HYDE, Vice-President.
T R U ST E E S
CHAS. E. CHAPPELL,
T. W m . MEACHEM,
RALPH E. BOWEN,
EDWARD N. TRUMP.
A. B. NETTLETON.
CHARLES L. STONE,
CHARLES A. HUDSON,
EDWARD A. POW ELL,
HIRAM W. PLUMB,
SALEM HYDE*
DOUGLAS E. PETIT,
JOHN R. CLANCY.
A. E. McCHESNEY,
GEORGE TIMMINS.
HENRY M. ROWLING.
ADOLPH H. SCHWARZ,
F IN A N C IA L
RESOURCES
B onds and m ortgages .............................................................................. $ 1 8 ,1 6 7 ,9 5 2 32
S tock and bond in vestm ents, v iz .:
Par
Original
Estim ated
Stocks and bonds
value
cost
market value
United States............................. |2,806,600 00
$2,770,810 65
$2,806,60000
Cities in other States............
825,000 00
855,014 25
838,85000
Cities in this State............... 1,880,000 00
1,952,754 54
1,781,72500
Counties in this State...........
38,000 00
38,038 00
35,18500
Towns in this State...............
14,400 00
15,660 47
14,06800
Villages in this State............
26,000 00
28,000 00
24,25000
Railroad mortgage b on d s.... 5,569,968 00
5,839,100 05
5,065,59248
$11,158,968 00 $11,499,377 96 $10,565,760 48
P rom issory n o t e s .......................................................................................
B anking house and lo t, b od e va lu e, $760,000; cost, $860,44 5 .0 8 ; a ctu a l cash v a lu e .................................................................
O ther rea l estate, book va lu e, $5,884.83; co st, $5,884.83;
a ctu a l eash v a lu e ..................................................................................
Cash on d ep osit in banks o r tru st com pan ies......... .....................
Cash on h a n d ..............................................................................................
T ota l o f co lle ctib le in t e r e s t ...................................................................
A m ou n t o f a ll oth er assets, v iz .:
Land contracts .................................................................
$34,853 T
O
Insurance premiums and taxes advanced.....................
2,631 69
Rent accrued................................ ......................................
3,498 90

1 0 ,5 6 5 ,7 6 0 48
3 ,0 0 0 00
7 6 0 ,0 0 0 00
5 ,8 0 0
1 ,0 4 0 ,8 9 4
2 0 3 ,2 5 5
5 2 1 ,3 1 3

00
11
88
27

4 0 ,8 8 3 29

LIABILITIES
A m oun t due d ep ositors, v iz .:
Principal ..............................................................................$28,288,90? T
O
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918.....................
542,288 29
------------------ $ 2 8 ,8 3 1 ,1 9 5
O ther lia b ilitie s , v iz .: T reasu rer’s cheeks ou tsta n d in g ...............
3 3 ,3 7 7
S u rplu s on m arket v a lu e .....................................................................
2 ,4 4 4 ,2 8 6

§388

$ 3 1 ,3 0 8 ,8 5 9 35

$ 3 1 ,3 0 8 ,8 5 9 35
S u rplu s on p a r va lu e, $3,037,493.92.
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 1918
RECEIPTS
C a d i on hand and in banks o r tru st com panies J an u ary 1,
1918, b efore tran sa ction s o f th e d a y ............................................... $ 1 ,3 2 5 ,3 6 8 11
F rom dep ositors, n ot in clu d in g dividen ds cre d ite d ......................
7 ,3 6 7 ,2 1 9 10




[2 2 7 ]

228

R

eport

on

S a v in g s B

anks

F rom In terest on loa n s, d ep osits and in vestm en ts......................... $ 1 ,4 0 5 ,5 7 2
F rom ren ts from bankin g h ou se............... ........................................
4 8 ,0 9 2
F rom ren ts from oth er rea l esta te ....................................................
84
F rom m ortgages ........................................................................................
5 4 6 ,1 9 2
F rom redem ption o f stock s and b on d s...............................................
1 ,1 7 2 ,4 0 0
F rom stock s and bonds sold (to ta l p a r va lu e, $ 1 ,7 6 1 ,$ 1 8 .7 9 ).. 1 ,7 5 2 ,0 9 1
F rom a ll oth er sourees, v iz .:
Treasurer's checks ...........................................................
174,684 50
la n d contracts .................................................................
11,602 00
Insurance premiums and taxes advanced refunded..
6,09s 50
W ar Savings Stamps........................................................
8,248 91
T h rift Stamps sold ................................................................
2,40000
103,8 3 3

39
19
20
00
00
59

91

$ 1 3 ,7 2 0 ,8 5 3 49
PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id t o th em ......................... $ 7 ,8 3 5 ,3 2 2
F or loa n s on bonds and m ortga ges....................................................
1 0 9 ,5 0 0
F or stock s an d bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l p a r va lu e, $ 3 ,7 7 8 ,8 4 1 )................................... 3 ,7 4 3 ,0 5 1
F or in terest (o th e r th a n dividen d paym ents t o d e p o s ito r s ). .
1 5 ,85 7
F or cu rren t expenses o f th e ban k, v iz .:
F or salaries ........................................................................
f49,6S6 21
F or ta xes: Banking house, 121,192.40; surplus, $22,125.11 ...................................................................................
43,817 51
For expenses, except taxes, o f banking h ou se:
2,596 27
Repairs .........................................................................
Insurance .....................................................................
575 66
Other ............................................................................
41,391 80
For expenses o f other real estate, v iz .:
R epairs ...............................................................................

65
47

140 53

Taxes .............................................................................
Other ..............................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house.. . .

38
00

415 30
200 00
13,91015
152,202 93

F or rea l esta te acqu ired b y foreclosu re, o r in settlem en t o f
debts due th e b a n k ................................................................................
O ilier paym ents, v iz .:
Treasurers’ checks ............................................................
$89,255 50
7,408 69
Insurance premiums and taxes advanced...................
T h rift and W ar Savings Stamps.................................
11,328 67
Note paid ...........................................................................
500,000 00
Teller’s cash short, other real estate...........................
743 33
Commission, repairs, judgm ent.....................................
276 17

11,761 71

6 0 9 ,0 0 7 36
C ash on hand and in banks o r tr u s t com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y ...............................................

1 ,2 4 4 ,1 4 9 99

$ 1 3 ,7 2 0 ,8 5 3 49
S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accou n ts Ja n u a ry 1, 1919......................................
5 5 ,5 9 1
N um ber o f accou n ts opened o r reopened du rin g th e y e a r ____
1 1 ,37 3
N um ber o f accou nts closed d u rin g th e y e a r....................................
1 1 ,25 6
A m ou n t dep osited du rin g th e yea r, n o t in clu d in g dividen ds
cred ited fo r th a t p e rio d ........................................................................ $ 7 ,3 6 7 ,2 1 9 10
A m ou n t w ith draw n d u rin g th e y e a r.................................................. 7 ,8 2 1 ,6 6 5 60
A m ou n t o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918..........................................................................
$588.62? *
January 1, 1919.....................................................................
642,288 29
Paid hut not credited......................................................
13,666 78
1 ,0 9 4 ,4 7 3 02




O

nondaga

C

ounty

229

A verage am ount o f each accou n t Jan u ary 1, 1 9 1 9 .. .<..................
$518
N um ber o f accou n ts w hich exceeded $3,000, exclu sive o f d iv i­
dends cred ited , a t th e la s t tr ia l balance o f dep ositors’ ledgers,
excep t d ep osits a risin g from society accou n ts, o r ju d icia l
sales, o r tru st fu n ds, or b y ord er o f a co u rt o f record or o f
a su rroga te ....................................................................
T ota l am ount o f such a ccou n ts...............................................................
3 6 ,6 7 0
R ate per cen t, o f dividen ds to dep ositors du rin g th e six m onths
ending Ju n e 30, 1918............................................................................
R ate per cen t, o f dividen ds to dep ositors du rin g th e six m onths
ending D ecem ber 31, 1918...................................................................
T ota l earn ings o f th e bank fo r th e yea r 1918, a fter a llow in g
fo r a m ortiza tion o f prem ium s and d iscou n ts............................. $ 1 ,4 5 4 ,0 0 6
T ota l expenses o f th e bank fo r th e yea r 1918..................................
161,0 2 4
D ividends paid to d ep ositors fo r the yea r 1918.............................
1 ,0 9 4 ,4 7 3
N et earn ings fo r th e yea r 1918 over expenses and dividen ds
paid to d ep ositors ..................................................................... ..
1 9 8 ,5 2 8




83

12
98
4
4
00
85
02
13

280

R

epost

oh

S a v in g s B

anks

97- SKANBATELBS SAVINGS BANK, SKANEATELES
[Genesee street; incorporated 1866]
J. HORATIO EARLL, President.
W. P. CUDDKBACK, Vlee-President.
J. C. STEPHENSON, V ice-President
H. WINSLOW THURLOW, Treasurer.
TRU STEES
3. HORATIO EARLL,
DAVID COLTON,
JOHN C. STEPHENSON, W ILLIAM T. THORNE,
W. P. CUDDEBACK.
CHARLES W. HUNT,
H. WINSLOW THURLOW, GEORGE SMITH.
FOREST G . WEEKS,

P. EUGENE STONE,
W ILLIAM LOCKWOOD,
CORNELIUS M ITCHELl*
T . S. SHOTWELL,

F IN A N C IA L
RESOURCES
B onds and m o r tg a g e s ........... ..
S tock and bon d in vestm ents, v iz .:
Btocka and bonds
United S ta te s ........................
State o f New York................
Cities in this State...............
Villages in this State............
School districts in this State
Railroad mortgage bonds—

value
$79,260 60
30,000 00
166,500 00
48,500 00
46,600 00
110,000 00

. $479,850 00

$ 8 9 1,2 5 0 74
Original
Estimated
cost
market value
$79,260 00
$79,250 00
30,250 00
30,300 00
168,184 35
164,110 00
49,052 00
47,731 00
45,621 90
44,604 25
101,567 91
79,650 00
$473,916 16

$445,645 25
4 4 5 ,6 4 5 25

B an k in g h ouse and lo t, b ook valu e, $ 9 ,50 0 ; co st, $13,591.31;
a ctu a l cash v a lu e ...................................................................................
C ash on d ep osit in banks o r tru st com p a n ies..................................
Cash on h a n d ...............................................................................................
T o ta l o f co lle ctib le in te re s t.................................................................
A m oun t o f a ll oth er assets, v iz .: R en t a ccru ed .............................

818.88

9 ,5 0 0 00
1 6 2 ,0 5 6 33
1 9 ,28 8
2 2 ,7 4 4
77

II

$ 1 ,5 5 0 ,5 6 1

LIAB ILITIES
A m ou n t due d ep ositors, v iz .:
Principal .............................................................................. $1,408,462 28
Dividends credited or to be credited fo r the six
months ending with December 31, 1918.......................
26,908 99
---------------- -- $ 1 ,4 3 5 ,3 7 1
S u rplu s on m arket v a lu e ........................................................................
1 1 5 ,1 9 0
$ 1 ,5 5 0 ,5 6 1
S u rplu s on p a r va lu e, $149,395.17.
C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918

$ 1 96,322
9 1 9 ,6 6 7
7 4 ,4 7 5
324
3 9 ,2 3 5
7 8 ,9 5 0
3 4 ,5 0 0

g S S S S S S

RECEIPTS
Cash on hand and in hanks o r tru st com panies Jan u ary 1,
1918, b efore tra n sa ction s o f th e d a y .............................................
F rom dep ositors, n o t in clu d in g dividen ds cre d ite d ....................
F rom in terest on loa n s, d ep osits and in vestm en ts.......................
F rom ren ts from h an king h ou se..........................................................
F rom m o r tg a g e s .........................................................................................
F rom redem ption o f stock s and b on d s...........................................
F rom stock s and bonds sold (to ta l p a r valu e, $ 3 4 ,5 0 0 )............

$ 1 ,3 4 3 ,4 7 3 58
PAYMENTS
T o dep ositors, in clu d in g dividen ds p a id to th em .............................
F o r loan s on bonds and m ortga ges......................................................




$9 4 9,0 1 5 45
6 7 ,2 5 0 00

O

nondaga

C oun ty

F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l p a r va lu e, $ 1 5 7 ,1 0 0 )...........................................
F or in terest (oth er than divid en d paym ents t o d e p o s ito rs ). .
F or cu rren t expenses o f the bank, vm . :
For salaries.............................» ...„ ....... ..........................
96,380 O i
O
For ta x es: Banking house, $195.62; surplus, $1,086.83
1,282 45
For expenses, except taxes, o f banking h ou se:
Repairs ............................................................................
227 42
Insurance ........ .............................................................
79 20
For other expenses, not Including expenses o f other
real estate n or other expenses o f banking house..
1,78199

231
$ 1 3 7,1 0 0 00
12 39

8 ,7 5 1 06
Cash on hand and in hanks o r tr u s t com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y ......... .*...................................

181,3 4 4 68
$ 1 ,3 4 3 ,4 7 3 58

STATISTICAL INFORM ATION
N um ber o f open accou nts Jan u ary 1, 1919..................................
N um ber o f accou n ts opened o r reopened d u rin g th e y e a r____
N um ber o f accou n ts closed du rin g th e y e a r .................
A m ount dep osited du rin g th e y ea r, n o t in clu d in g dividen ds
cred ited fo r th a t p e rio d ......... ...........................................................
A m oun t w ith draw n du rin g th e y e a r................................................. ..
A m ount o f dividen ds ered ited and p a id fo r th e yea r, v iz .:
July 1, 1918........................................................................ .
$26,468 78
January 1, 1919...................................................................
26,342 67
Credited at other periods.................................................
771 95
A verage am ount o f each accou nt J an u ary 1, 1919....................
R ate per cen t, o f dividen ds to . dep ositors d u rin g th e six m onths
en din g Jun e 30, 1918............................................................................
R ate per cen t, o f dividen ds to dep ositors d u rin g th e six m onths
en din g D ecem ber 31, 1918.................................................................
T ota l earn ings o f th e bank fo r th e y ea r 1918, a fter a llow in g
fo r a m ortiza tion o f prem ium s and d iscou n ts.............................
T ota l expenses o f th e bank fo r th e yea r 1918..................................
D ividends pa id to d ep ositors fo r th e yea r 1918.............................
N et earn in gs fo r th e yea r 1918 over expenses and dividen ds
p a id to d ep ositors ..............................................................................




4 ,0 6 1
386
357
$919,667 4©
9 4 9 ,0 1 5 45

5 3 .5 8 3 40
353 27
4
4
$ 7 3 ,2 9 9 20
8 ,7 51 06
5 3 .5 8 3 40
1 0 ,96 4 74

232

R

eport

oh

S a v in g s B

anks

98. SYRACUSE SAYINGS BANE, SYRACUSE
[108 North Salina street; Incorporated 1S49J
GEORGE DOHENY, President.
EDWARD JOY. Vice-President.
W ILLIAM J. REIDEL, Treasurer.
JACOB AMOS.
FRED’S W. BARKER,
ALEXANDER H. COWIE,
JOSEPH W. DAWSON,
J. FRANK DURSTON,
GEORGE DOHENY,

T R U S T IE S
ALAN C. FOBES,
WALTER B. GARDNER,
EDWARD JOY,
W ILLIAM MUENCH,
DENNIS MCCARTHY,
A. JUDD NORTHRUP,

W . J. REIDEL,
WING R» SMITH,
DE FOREST SETTLE,
LEROY B. W ILLIAM S,
ARTHUR W , LOASBY.

F IN A N C IA L
RESOURCES
B on ds and m o r tg a g e s ............. . , . . ....................................................... $ 1 0 ,6 5 1 ,0 5 5 00
S tock and bond in vestm ents, v iz .:
Par
O riginal
Estim ated
Stocks and bonds
value
rest
market value
United! States.......................... $831,520 48
$831,519 96
$831,52048
state o f M ississippi...............
100,000 00
100,126 00
92,00000
453,000 00
478,714 80
416,940 00
Cities in other States...........
Cities in th is State................ 1,337,150 00
1,445,082 02
1,312,61650
Counties in th is State...........
105,000 00
103,544 76
100,18000
Towns in th is State...............
66,000 00
56,764 96
53,75000
R ailroad mortgage b on d s.... 4,003,000 00
3,979,081 51
3,400,75000
$6,885,670 48 $6,994,833 01 $6,206,756 98
...................... ....... .............. ..................
B an kin g h ouse and lo t, book valu e, $258,619; co st $423,569.97;
a ctu a l cash va lu e ...................................................................................
Cash on d ep osit in banks o r tru st com pan ies..................................
Cash on h a n d ..............................................................................................
T o ta l o f co lle ctib le in terest .................................................................
A m oun t o f a ll oth er assets, v iz .: U . & T h rift stam p s................

6 ,2 0 6 ,7 5 6 08
2 5 8 ,6 1 9
2 9 7 ,1 9 5
5 9 ,5 1 0
7 8 ,4 3 8

00
42
22
58
50

$ 1 7 ,5 5 1 ,5 7 5 70
LIAB ILITIES
A m ou n t du e d ep ositors, v iz .:
Principal .............................................................................. $15,142,082 14
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918......................
294,413 60
------------------$ 1 5 ,4 3 6 ,4 9 5 74
O ther lia b ilitie s , v iz .:
Liberty Loan deposits......................................................
$49,138 00
Tellers’ and treasurers’ cheek outstanding................
14,194 67
Fire insurance deposit pending settlem ent..................
2,186 00
D eposit as security for searches loaned........................
290 00
-------------------------------------- 6 5 ,8 0 8 67
S u rplu s on m arket v a lu e .........................................................................
2 ,0 4 9 ,2 7 1 29
$ 1 7 ,5 5 1 ,5 7 5 70
S u rplu s on p a r valu e, $2,728,184.79.
C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Jan u ary 1,
1918, b efore tran sa ction s o f th e d a y ...............................................
F rom dep ositors, n ot in clu d in g dividen ds cre d ite d .......................
F rom in terest on loa n s, d ep osits and in vestm en ts.........................
F rom ren ts from bankin g h ou se........................... ...........................
F rom m o r tg a g e s ..........................................................................................
F rom redem ption o f stock s and b on d s...............................................




$ 4 67,892
3 ,8 8 9 ,1 0 3
8 3 2 ,3 9 5
2 2 ,2 8 6
4 2 3 ,7 0 0
2 5 ,3 5 0

47
71
94
26
00
00

O nondaga C ounty
F rom stock s and bonds sold (to ta l par valu e, $ 2 0 6 ,3 4 9 .9 6 )..
F rom rea l esta te s o ld ..............................................................................
F rom a ll oth er sou rces, v iz .:
Tellers’ and treasurers’ checks...................................... $1,440,531 90
Deposits lo r application fees and searches loaned..
7,532 O
ft
Fire losses pending................................%
.........................
12,597 70
9,190 93
W ar Savings certificates and T h rift Stamps.............
Deposits for Liberty B onds; lib e rty Bonds sold—
835,810 27
U. S. certificates o f indebtedness...............................
150,000 00
D epositors’ notes, deficiency judgm ents........................
3,415 89
Reserved fo r taxes..............................................................
13,000 00
------------------

233
$ 2 0 7,1 6 5 56
1 ,8 53 00

2 ,4 7 2 ,0 7 8 69
$ 8 ,3 4 1 ,8 2 5 63

PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th em ......................... $ 4 ,1 4 3 ,9 9 0
F or loan s on bonds and m o r tg a g e s .....................................................
4 5 1 ,7 0 0
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l par valu e, $ 6 ,1 5 5 .3 8 )...........................................
6 ,1 5 5
12,121
F or in terest (oth er th an dividen d paym ents to d e p o s ito r s )____
F or cu rren t expenses o f th e bank, v iz .:
For salaries.........................................................................
$33,594 82
For ta xes:
Banking house, $6,261.15; surplus,
$13,612.78 ............................................................................
19,873 93
For expenses, except taxes, o f banking h ouse:
R ep a irs...........................................................................
10,904 41
Insurance ......................................................................
103 95
Other ..............................................................................
8,463 79
For rent o f hankingroom s................................................
6,500 00
For other expenses, not including expenses o f other
real estate nor otherexpenses o f banking house..
7,700 27
8 7 ,14 1
O ther paym ents, v iz .:
Tellers’ and treasurers’ checks paid.............................$1,451,879 69
Application fees, deposits for searches loaned...........
8,053 90
Fire losses, taxes, depositors’ notes.............................
25,856 40
Liberty Bonds purchased, Liberty Loan deposits— 1,635,687 52
W ar Savings Certificates, T h rift Stamps.....................
162,533 64
3 ,2 8 4 ,0 1 1
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y .................................................
3 5 6 ,7 0 5

49
00
38
90

17

05
64

$ 8 ,3 4 1 ,8 2 5 63
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open a ccou n ts Jan u ary 1, 1919......................................
2 8 ,69 2
N um ber o f accou nts opened o r reopened du rin g th e y e a r ...........
2 ,8 4 1
N um ber o f accou n ts closed du rin g th e y e a r..................................
2 ,5 0 0
A m ount deposited du rin g th e yea r, n ot in clu d in g dividends
cred ited fo r th a t p e rio d ..................................................................... $ 3 ,8 8 9 ,1 0 3 71
A m oun t w ith draw n d u rin g th e y e a r...............................................
4 ,1 4 3 ,9 9 0 49
A m ount o f dividen ds cred ited and p a id fo r th e year, v iz .:
July 1, 1918........................................................................... $292,290 36
January 1, 1919....................................................................
294,413 60
Credited a t other periods.................................................
575 81
-----------------587,2 7 9 77
A verage am ount o f each accou n t Jan u ary 1, 1919 .........................
538 00
R ate per cen t, o f dividen ds to dep ositors d u rin g th e six m onths
ending June 30, 1918..........................................................................
4
R ate per cen t, o f dividen ds to dep ositors du rin g th e six m onths
ending D ecem ber 31, 1918...................................................................
4
T ota l earn ings o f th e bank fo r th e yea r 1918, a fter allow in g
fo r am ortization o f prem ium s and d iscou n ts____T...................
$821,493 57
T ota l expenses o f th e bank fo r th e y ea r 1918..................................
8 7 ,14 1 17
D ividends p a id to d ep ositors fo r th e yea r 1918...........................
5 8 7 ,2 7 9 77
N et earn ings fo r th e yea r 1918 over expenses and dividen ds
paid to d ep ositors ................................................................................
147,072 63




ONTARIO COUNTY

89. GENEVA SAVINGS BANK, GENEVA
[31 Seneca street; Incorporated 1910]
JAMBS E. BROWN, President
H . A . W HEAT, V ice-President
A. P . ROBB, Vice-President.
GEORGE D. WHEDON, Treasure!.
TR U STE E S

LANMN® ®. HOSKINS^
WHITMAN H. JORDON,

CHARLES S. RUBRAL!*
ARTHUR P. ROSE,
H . H. SCHIEFFELIN,

THEODORE J. SMITH.
EDWIN S. THORNE,
HENRY A. WHEAT,
GEORGE D . WHEDON,
THOMAS B. WILSON,
FREDM tlCK D. W H ITW ELL
JOHN PARMENTER.

F IN A N C IA L
RESOURCES
B on ds a n d m ortga ges.......................
S tock and bond investm ents, v iz .:
Original
Par
Estimated
Stocks and bonds
value
cost
market value
$98,600 00
United1States...........................
$98,600 00
$98,600 0(0
35,050 m
Cities in other States...........
35,000 00
35,967 00
a ties in this State...............
56,000 00
57,702 50
56,707 51
Villages in this State...........
40,000 C
O
40,608 45
40,420 00
School districts in this State
25,800 00
26,547 66
27,030 25
155,070 00
Railroad mortgage bonds—
176,00000 169,361 26
$431,400 00

$427,791 88

$ 7 2 1 ,2 9 0 50

$414,472 75
4 1 4 ,4 7 2
2 ,1 5 4
9 8 ,0 3 1
9 ,WO
1 1 ,0 4 0

P rom issory n otes .......................................................................................
C ash on dep osit in banks o r tru s t co m p a n ie s..............................
C ash on h a n d ................................................................................. .............
T o ta l o l co lle ctib le in te re st......................................................................
A m ou n t o f a ll oth er assets, v iz .:
Furniture and fixtures.....................................................
$350 00
U. S. T h rift Stamps...........................................................
107 50

75
40
43
68
89

457 50
$ 1 ,2 5 6 ,4 8 8 15
LIAB ILITIES
A m ou n t du e d ep ositors, v iz .:
Principal .............................................. ............................... $1, aid, 905 69
Dividends credited or to be credited fo r the six
21,376 40
months ending w ith December 31, 1918.....................
------------------ $ 1 ,2 3 2 ,2 8 1 09
S u rp lu s on m arket v a lu e .....................................................................
2 4 ,2 0 7 06
$ 1 ,2 5 6 ,4 8 8 15
S u rplu s on p a r va lu e, $41,134.31.
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 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Ja n u a ry 1,
1918, b efore tran sa ction s o f th e d a y ...........................................
F rom d ep ositors, n ot in clu d in g dividen ds cre d ite d .................. ....
F rom in terest on loan s, d ep osits and in vestm en ts.........................
F rom m o r tg a g e s .........................................................................................
[2 3 4 ]




$ 1 02,648
6 3 9 ,7 9 1
5 9 ,6 0 6
1 6 ,3 6 4

45
00
59
00

O ntario C ounty
F rom redem ption o f stock s and b on d s...............................................
F rom stock s and bonds sold (to ta l p a r valu e, $ 1 2 3 ,1 5 8 .6 4 )...
From loan s p a id .......................................................................................
F rom a ll oth er sou rces, v iz .:
Sale o f home banks...........................................................
$37 00
W ar Savings and T h rift Stamps..................................
12,960 04
------------------

235
$ 3 4 ,5 5 0 00
123,158 64
2 0 ,9 5 1 30

12,996 04
$ 1 ,0 1 0 ,0 6 6 02

PAYMENTS
T o dep ositors, in clu d in g dividen ds paid* to th em .........................
F or loa n s on bonds and m ortga ges.................................................
F or loa n s on stock s and bonds and oth er se cu ritie s....................
F or stocks and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l par va lu e, $ 1 9 7 ,7 7 0 .6 1 )....................................
F or in terest (o th e r than dividen d paym ents t o d e p o s ito r s ). .
F or cu rren t expenses o f th e bank, v iz .:
For salaries.........................................................................
$6,063 90
For taxes : Surplus...........................................................
206 39
For rent o f banking room s..............................................
ISO 00
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
1,696 89
-----------------O ther paym ents, v iz .: W a r Sayings and T h rift sta m p s.........
Cash on hand and in banks or tru st com panies D ecem ber 31,
1918, a fter tran sa ction s o f the d a y .................................................

$649,451 54
1 0 ,31 6 60
2 3 ,1 0 5 TO
197,770 61
173 84

8 ,4 0 6 18
1 3,769 54
107,072 11
$ 1 ,0 1 0 ,0 6 6 02

S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou n ts J an u ary 1, 1 9 1 9 . . . , .........................
5 ,2 3 3
N um ber o f accou n ts opened or reopened du rin g th e y e a r____
1 ,029
N um ber o f accou n ts closed du rin g th e y e a r...................................
1 ,0 86
A m ount deposited du rin g th e yea r, n ot in clu d in g dividen ds
$639,791 00
cred ited fo r th a t p e rio d .....................................................................
A m oun t w ith draw n du rin g the y e a r........................... : ....................
649,451 54
A m oun t o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918...........................................................................
$21,619 68
January) 1, 1919....................................................................
21,3® 40
-------------------------------------- 4 2 ,9 9 5 08
A verage am ount o f each accou n t Jan u ary 1, 1919......................
230 05
R ate per cent, o f dividen ds t o d ep ositors du rin g th e six m onths
en din g Jun e 30, 1918..........................................................................
4
R ate per cen t, o f dividen ds to dep ositors du rin g th e six m onths
en din g D ecem ber 31, 1918.................................................................
4
T ota l earn ings o f th e bank fo r th e yea r 1918, a fte r allow in g
fo r am ortization o f prem ium s and d iscou n ts...........................
$ 5 9 ,1 1 4 62
T ota l expenses o f th e bank fo r th e yea r 1918...............................
8 ,7 0 0 18
4 2 ,9 9 5 08
D ividends p a id to dep ositors fo r th e year 1918 .............................
N et earn in gs fo r th e yea r 1918 over expenses and dividen ds
paid to dep ositors ................................................................................
7 ,4 1 9 36




ORANGE COUNTY

100.

THE CORNWALL SAVINGS BANE; CORNWALL-ON-THE-HUDSON

[Incorporated 1871]
TOWNSEND D . WOOD, President.
PATRICK BBVANS. Vice-President.
L. GRANT GOODNOUGH, Vice^Pres.
GILBERT T. COCKS. Treasurer.
PATRICK BBVANS.
CHARLES C. COCKS.
GILBERT T . COCKS.
HARVEY A. CALL.

T R U ST E E S
L. GRANT GOODNOUGH.
EDWARD L. SYLCOX,
FRANK E. VICKERE,
TOWNSEND D. WOOD,

GEORGS B. M AILLER.
FLOYD W . M AILLER.
JAMES C. KETCHAM,
GEORGE H. C. HOLE.

F IN A N C IA L
RESOURCES
B on ds and m ortga ges.................... .
S tock and bond in vestm ents, v iz .:
Par
O riginal
Estim ated
Stocks and bonds
value
cost
market value
314,846 00
314,834 00
United States.....................
314,846 00
4,450 00
5,000 00
4,516 50
State o f V irginia.............
12,400 00
12,400 U
O
11,036 00
State o f Colorado.............
36,000 00
36,974 74
35,970 00
C ities in this State..........
8,200 00
8,200 00
8,344 00
Towns in this State........
12,200 00
12,033 50
12,362 39
Villages in this State.......
39,000 00
39,790 29
29.34® 00
Railroad mortgage bonds.
3127,646 00

3129,077 92

$2 8 3,0 2 7 00

$116,019 50
116,0 1 9 50

B anking house and lo t, b ook valu e, $5,700.00; cost, $5,728 13;
a ctu a l cash v a lu e ...........................................................
C a d i on dep osit in banks o r tru st com pan ies.........
Cash on h a n d ........................................................................
T o ta l o f co lle ctib le in te re st.............................................
A m ou n t o f a ll oth er assets, v iz .:
$950 00
Furniture and! fixtures.....................................................
80 08
Taxes advanced...................................................................

5 ,7 0 0
4 1 ,3 5 7
1 ,8 0 2
8 ,0 1 6

00
74
15
38

1 ,0 3 0 08
$4 5 7,5 5 2 85
LIAB ILITIES
A m oun t du e d ep ositors, v iz .:
Principal ..............................................................................
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918........................

1424,909 50

7,943 75
-----------------S u rplu s on m arket v a lu e........................................................................

$ 4 32,853 25
2 4 ,0 9 9 00
$4 5 7,5 5 2 85

S u rplu s on p a r va lu e, $36,326.10.
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 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Jan u ary 1,
1918, before tran sa ction s o f th e d a y ...............................................
$ 2 7 ,9 2 3 21
F rom dep ositors, n o t in clu d in g dividen ds cre d ite d .........................
8 0 ,9 1 9 66
F rom in terest on loa n s, d ep osits and in vestm en ts.........................
2 1 ,1 1 0 49
F rom ren ts from ban kin g h ou se........................................................
100 00
F rom m o r tg a g e s .........................................................................................
2 5 ,6 5 5 00
F rom redem ption o f stock s and b on d s...............................................
2 0 ,5 0 0 00




$ 1 8 2,2 0 8 36
[2 3 6 ]

O range C ounty

237

PAYMENTS
T o dep ositors, in clu d in g dividen ds pa id to th em ...........................
F or loan s on bonds and m ortga ges.................................................
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l pa r va lu e, $ 2 9 .8 3 4 )...........................................
F or in terest (oth er th an dividen d paym ents to d e p o s ito r s ). . .
f o r cu rren t expenses o f th e bank, v iz .:
For salaries...........................................................................
$1,4®) 00
For ta xes: Banking house, $35.59; surplus, $224,46..
260 05
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
17 26
Other ..............................................................................
91 83
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
387 73
-----------------O ther paym ents, v iz .: T axes advan ced.............................................
Cash on hand and in banks or tru s t com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y .................................................

$1 0 4,8 5 2 53
2 ,0 0 0 00
2 9 ,8 3 4 00
74 99

2 ,2 0 6 87
80 08
4 3 ,1 5 9 89
$ 1 8 2,2 0 8 36

S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou n ts Jan u ary 1, 1919.................................
N um ber o f accou nts opened o r reopened d u rin g th e y e a r . . . .
N um ber o f accou nts closed d u rin g th e y e a r....................................
A m ount deposited du rin g th e yea r, n ot in clu d in g dividends
cred ited fo r th a t p e rio d ...................................................................
A m ount w ith draw n du rin g th e y e a r...............................................
A m ount o f dividen ds cred ited an d p a id fo r th e year, v iz .:
July 1, 1918...........................................................................
$8,117 65
January 1, 1919....................................................................
7,943 75
A verage am ou nt o f each accou n t Jan u ary 1, 1919.........................
N um ber o f a ccou n ts w hich exceeded $3,000, exclu sive o f d iv i­
dends cred ited , a t th e la s t tr ia l balance o f d ep ositors’ ledgers,
excep t d ep osits a risin g from society accou n ts, o r ju d icia l
sales, o r tru st fu n ds, o r b y ord er 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............................................................
R ate per cen t, o f dividen ds to d ep ositors du rin g th e six m onths
ending Jun e 30, 1918.......................................................................
R ate per cen t, o f dividen ds to d ep ositors du rin g th e six m onths
ending D ecem ber 31, 1918.................................................................
T ota l earn ings o f th e bank fo r th e yea r 1918, a fter allow in g
fo r a m ortization o f prem ium s and d iscou n ts.............................
T ota l expenses o f th e bank fo r th e y ea r 1918..................................
D ividends p a id to dep ositors fo r th e yea r 1918.............................
N et earn in gs fo r th e yea r 1918 over expenses and dividen ds
p a id to dep ositors ................................................................................




1 ,3 2 4
126
130
$86,9 1 9 66
104,852 53

16,061 40
327 18

1
$ 3 ,1 7 4 68
4
4
$21,7 7 4 15
2 ,2 0 6 87
16,061 40
3 ,5 0 5 88

238

R

101.

eport

on

S a v in g s B

anks

GOSHEN SAYINGS BANE, GOSHEN

[11 W est Main street; incorporated 1871]
AAEON V. D. WALLACE, President.
W ILLIAM KNIFFIN, Vice-President.
THOMAS MOULD, Vice-President.
FRANK DRAKE,
W ILLIAM KNIFFIN,
RALPH L. McGEOCH,

H. B. SMITH. Treasurer.
GEORGE LUFT, J b., Asst. Treasurer.

T R U STE E S
THOMAS MOULD,
EDWIN L. ROYS,
G. H. BENNETT,
W ILLIAM A. WELLS.

HARRY B. SMITH,
JOSEPH M ERRITT,
AARON V. D. WALLACE.

F IN A N C IA L
RESOURCES
$ 1 ,0 2 3 ,7 1 0 00
B on ds and m o r tg a g e s .....................
S tock and bond in vestm ents, v iz .:
Estim ated
Original
Stocks and bonds
value
cost
market value
$110,000 00
United States...........................
$110,000 00
$110,000 00
66,754 32
63,126 00
Cities in this State...............
65,800 00
Counties in this State...........
18,000 00
18,570 00
18,47138
Towns in this State...............
33,000 00
35,216 10
85,310 00
109,598 82
111,086 25
Villages in this State...........
107,500 00
42,884 10
School districts in this State
42,000 00
42,515 50
Railroad mortgage bonds___
211,500 00
185,085 00
214,646 25
$587,800 00

$597,670 97

$565,692 75
5 0 5 ,6 8 2
7 7 ,7 4 5
1 2 ,71 9
2 1 ,4 0 9

Cash on d ep osit in banks o r tru st com panies
Cash on h a n d ............................................................
T ota l o f collectib le in te re st...................................
A m ou n t o f a ll oth er assets, v iz .: L ib erty B onds h eld fo r
c u s to m e r s ..................................................................................................

75
47
80
70

1 7 ,56 8 72
$ 1 ,7 1 8 ,9 3 6 44

LIAB ILITIES
A m oun t due dep ositors, v iz .:
Principal ......................................... ................................... $1,595,688 86
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918.....................
30,367 39
------------------ $ 1 ,6 2 6 ,0 5 6 25
O ther lia b ilitie s , v iz .: L ib erty B ond d ep osits..................................
7 ,0 0 7 00
S u rplu s on m arket v a lu e .....................................................................
8 5 ,8 7 3 19
$ 1 ,7 1 8 ,9 3 6 44
S u rplu s on pa r va lu e, $107,080.44.
C A SH TR A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru s t com panies Jan u ary 1,
1918, b efore tran sa ction s o f th e d a y .............................................
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d ....................
F rom in terest on loa n s, dep osits and in vestm en ts.......................
F rom m o r tg a g e s ..........................................................................................
F rom redem ption o f stock s and b on d s...........................................
F rom a ll oth er sou rces, v iz .: U . S . L ib erty B on ds s o ld ..............

$ 1 0 5 ,0 6 0
322,1 2 1
7 8 ,9 0 6
127,8 5 0
2 2 ,1 0 0
1 5 ,5 2 9

59
96
85
00
00
00

$ 6 7 1,5 6 8 40
PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th em .........................
F or loa n s on bonds and m ortga ges......................................................




$ 398,571 95
6 7 ,3 0 0 00

O

range

C

oun ty

F or stock s and bonds purch ased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l p a r valu e, $ 8 8 ,0 0 0 )............................................
F or in terest (o th e r th an dividen d paym ents to d e p o s ito rs ). . .
F or cu rren t expenses o f th e bank, v ia .:
For salaries...........................................................................
$1,300 00
F or taxes: Surplus.........................................................
818 31
480 00
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..
1,055 24
-----------------O ther paym ents, v iz .: U . S. lib e r t y 'Loan B o n d s ........................
Cash on hand and in banks o r tr u s t com panies D ecem ber 31,
1918, a fte r tran sa ction s o f th e d a y ...............................................

239

$88,4 7 1 38
6 25

5 ,5 5 3 55
2 1 ,1 0 0 00
9 0 ,46 5 27
$671,568 40

S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou nts Jan u ary 1, 1919......................................
N um ber o f accou nts opened o r reopened du rin g th e y e a r-----N um ber o f accou nts closed d u rin g th e y e a r..................................
A m ount dep osited d u rin g th e yea r, n ot in clu d in g dividends
cred ited fo r th a t p e rio d .................................... .................................
A m ount w ith draw n d u rin g th e y e a r.................................................
A m ount o f dividen ds cred ited and pa id fo r th e yea r, v iz .:
July 1, 1918...........................................................................
131,130 97
January 1, 1919.....................................................................
30,367 39
A verage am ount o f each accou n t Jan u ary 1, 1919......................
R ate per cen t, o f dividen ds to dep ositors du rin g th e six m onths
en din g Jun e 30, 1918............................................................................
R ate per cen t, o f dividen ds to dep ositors d u rin g th e six m onths
en din g D ecem ber 31, 1918...................................................................
T ota l earn in gs o f th e hank fo r th e year 1918, a fter allow in g
fo r am ortiza tion o f prem ium s and! d iscou n ts.............................
T ota l expenses o f th e bank fo r th e yea r 1918..................................
D ividends p a id t o dep ositors fo r th e y ea r 1018.............................
N et earn in gs fo r th e yea r 1918 over expenses and dividen ds
paid t o d e p ositors...................................................................................




3 ,3 8 4
335
446
$322,121 96
3 9 8,571 95

6 1 .4 9 8 36
480 51
4
4
$ 7 7 ,8 4 3 35
5 ,6 5 3 65
6 1 .4 9 8 36
10,691 44

240

R

eport

on

S a v in g s B

anks

102. MIDDLETOWN SAVINGS BANK, MIDDLETOWN
[2 South street; incorporated 1866]
GEO. A. SWAYZE. President.
HAROLD B. WOODWARD, Treasurer.
EDMUND M1LLEN. Vice-President,
CHAS. B. BUCKLEY. Asst. Treas.
JAMES A . CLARK, Vice-President.
GEORGE R. WENGENROTH, A sst. Secy.
JAMES P. DOLSON, Asst. Secy.

TRUSTEES
EDMUND MILLEN,
JOHN E. ISEMAN.
JAMES A. CLARK.
JOHN W . SLAUSON,

CHARLES L. MEAD,
GEORGE A. SWAYZE.
GEORGE W. BALLOU.

JAMES E . GIBBS,
JAMES H. SMITH.
H. B. WOODWARD.
DANIEL B. SWEENEY,

F IN A N C IA L
RESOURCES
$ 3 ,2 7 7 ,3 7 0 00
B on ds and m ortgages ....................
S tock and bond investm ents, v iz .:
Estim ated
Original
Stocks and bonds
value
market value
cost
$438,540 89
$440,836 58
United States...........................
$440,8% 58
65,260 00
82,687 50
State o f M assachusetts........
75,000 00
State o f C alifornia...............
10,000 00
10,152 30
10,150 00
146,886 10
144,125 00
Cities in other States...........
144,600 00
402,875 00
427,847 69
Cities in this State...............
408,000 00
108,150 00
97,650 00
Counties in this State..........
106,000 00
40,000 00
Towns in this State...............
40,000 00
38,000 00
143,990 73
138,000 00
141,565 00
Villages in this State...........
47,291 13
47,660 00
School districts in this State
47,000 00
R ailroad mortgage b on d s.... 1,100,598 00
1,092,1% 66
947,912 76
$2, 608, 934 58

$2,537,716 Q $2,336,024 34
O

P rom issory n otes .......................................................................................
B an kin g house and lo t, b ook valu e, $21,345.30; cost, $26,2 8 4 .9 8 ; a ctu a l cash v a lu e .................................................. ...............
O ther rea l esta te, book va lu e, $150,143.21; co st, $151,481.69;
a ctu a l cash v a lu e ...................................................................................
Cash on d ep osit in banks o r tru st com pan ies..................................
Gash on h a n d .......................................................................... ; .................
T o ta l o f collectib le in te re st.....................................................................
A m oun t o f a ll oth er assets, v iz .:
Rent accrued........................................................................
$35 00
U. S. T h rift Stamps...........................................................
65 00

2 ,3 3 6 ,0 2 4 34
1 0 ,53 9 42
2 5 ,0 0 0 00
1 5 1 ,0 0 0
4 1 1 ,1 0 4
8 8 ,94 1
6 4 ;3 4 1

00
76
00
48

100 00
$ 6 ,3 6 4 ,4 2 1 00

LIAB ILITIES
A m oun t due d ep ositors, v iz .:
Principal .............................................................................. $5,850,159 37
Dividends credited or to be credited fo r the six
months ending w ith December 31,1918.......................
Ill, 05113
------------------ $ 5 ,9 6 1 ,2 1 0 50
O th er lia b ilitie s , v iz .:
Liberty Bond deposits......................................................
$27,282 00
B ills payable, Liberty Bond loans..................................
90,000 00
-----------------117,282 00
S u rplu s on m arket valu e .....................................................................
2 8 5 ,9 2 8 50
$ 6 ,3 6 4 ,4 2 1 00
S u rplu s on p a r va lu e, $458,838.74.
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 1918
RECEIPTS
C ash on hand and in banks o r tr u s t com panies Jan u ary 1,
1918, b efore tran sa ction s o f th e d a y .............................................
$ 5 3 1,3 5 6
F rom dep ositors, n ot in clu d in g dividen ds cre d ite d ....................
1 ,2 6 1 ,4 9 4
F rom in terest on loa n s, dep osits and in vestm en ts.......................
2 7 9 ,4 8 8
F rom ren te from ban kin g h ou se............................................... ... •.
420




86
11
45
00

O
F rom
F rom
F rom
F rom
F rom
F rom
and

range

C

oun ty

ren ts from oth er rea l esta te......................................................
m o r tg a g e s ........................................................................................
redem ption o f stock s and b on d s...............................................
stock s and bonds sold (to ta l p a r valu e, $ 3 5 1 ,4 2 0 .6 0 )..
loa n s p a id ........................................ ................................................
a ll oth er sources, v iz .: W ar S avin gs and T h rift Stam ps
L ib erty L oan b on d s.......................................................................

241
$ 8 ,4 2 $
8 9 ,7 4 0
1 0 6 ,5 0 0
3 5 1 ,4 2 0
3 7 ,0 8 6

60
00
00
60
70

2 0 6 ,1 1 8 45
$ 2 ,9 0 2 ,0 5 3 77

PAYMENTS
T o dep ositors, in clu d in g dividen ds pa id t o th em ___
$ 1 ,3 4 0 ,1 9 3
F or loa n s on bonds and m ortga ges................................
4 5 ,3 0 0
F or loan s on stock s and bonds and oth er secu rities
4 5 ,7 9 1
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l par valu e, $ 6 9 2,9 4 4 .8 6 )......................................
6 9 1 ,7 9 3
F or in terest (o th e r th an dividen d paym ents to d e p o s ito r s ). .
706
F or cu rren t expenses o f th e bank, v iz .:
F or salaries.........................................................................
fl7,733 00
For ta xes: Banking1house, $417.70; surplus, $2,533.64;
on mortgages, $116.50......................................................
3,067 84
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
104 92
Insurance ......................................................................
90 03
F or expenses o f other real estate, v iz .:
Insurance ......................................................................
673 54
Taxes ..............................................................................
3,785 00
For other expenses, not including expenses o f other
real estate norother expenses o f banking house..
4,647 51
30,101
O ther paym ents, v iz .:
Variation in cash..............................................................
$86 92
T h rift and W ar Savings Stamps, Liberty Loan
bonds ........................... ....................................................
247,932.90
Loss on m ortgage................................................................
98 16
Error in interest.................................................................
3 33
248,121
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fter tran saction s o f th e d a y .................................................
5 0 0 ,0 4 5

67
00
12
51
56

84

31
76

$ 2 ,9 0 2 ,0 5 3 77
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open a ccou n ts Jan u ary 1, 1919......................................
13,140
N um ber o f accou n ts opened o r reopened du rin g th e y e a r-----1 ,4 24
N um ber o f accou n ts closed du rin g th e y e a r....................................
1 ,4 48
A m ount dep osited du rin g th e yea r, n o t in elu d in g dividen ds
cred ited fo r th a t p e r io d ....................................................................... $ 1 ,2 6 1 ,4 9 4 11
A m ount w ith draw n du rin g th e y e a r.................................................... 1 ,3 4 0 ,1 9 3 67
A m ount o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918........................................................................... $110,874 70
January 1, 1919....................................................................
111,05113
2 2 1 .9 2 5 83
A verage am ount o f each accou n t Jan u ary 1, 1919....................
453 59
R ate per cen t, o f dividen ds to dep ositors du rin g th e six m onths
4
ending June 30, 1918............................................................................
R a te per cen t, o f dividen ds to d ep ositors du rin g th e six m onths
en din g D ecem ber 31, 1918............................................... ...................
4
T ota l earn ings o f th e bank fo r th e yea r 1918, a fter allow in g
$288,962 85
fo r a m ortiza tion o f prem ium s and d iscou n ts.............................
3 0 ,2 9 0 25
T ota l expenses o f th e bank fo r th e yea r 1918................................
2 21.925 83
D ividends p a id to dep ositors fo r th e yea r 1918------. . . . . . . . . .
N et earn ings fo r th e y ea r 1918 over expenses and dividen ds
3 6 ,7 4 6 77
paid to d e p o s it o r s ......... .......................................................................




242

R

eport

o ir S a v in g s B

anks

103. NEWBURGH SAVINGS BANE, NEWBURGH
[40 Smith street: incorporated 1852]
THOMAS F . BALFE, President.
F. W. SENFF. Vice-President.
WM. F . CASSEDY. Vice-President.
THOMAS F. BALFE,
SAMUEL L. STEWAfeT,
WILLIAM O. M AILLEtt,
JOSEPH CHADWICK.

TR U ST E E S
GEORGE W. GREEN.
F. W. SENFF.
W ILLIAM F. CASSEDY,
THOS. F. CHADWICK.

FRED’K C. BALFE,
JOHN T. HOWELL,
HIRAM M ERRITT,
EDWARD B. WEED,

F IN A N C IA L
RESOURCES
$ 7 ,4 3 2 ,6 0 2 75
B onds and m o r tg a g e s .............................................
S tock and bond in vestm ents, v iz ,:
Estimated
Par
Original
Stocks and bonds
value
cost
market value
United States........ : ............... $1,772,100 00 $1,772,100 00 $1,772,100 00
100,000 00
101,00 0 00
State o f New York..................
100,000 00
119,600 00
110,400 00
State o f M assachusetts........
115,000 G
O
431,649 80
402,510 00
400,500 00
Cities in other States............
C ities in this State............... 3,356,151 67
3,564,977 21
3,375,247 67
450,026 80
Counties in this State...........
414,000 00
412,795 00
61,653 80
61,070 00
Towns in this State...............
61,000 00
9,000 00
9,000 00
School districts in this State
9,000 00
Land Bank o f the State o f
160,000 00
160,429 44
159,200 00
New York..............................
16,387,751 57

$6,669,437 05

$6,403,322 67
6 ,4 0 3 ,3 2 2 67

B anking house and lo t, b ook va lu e, $20,(WO; cost, $115,527.16;
a ctu a l cash v a lu e...................................................................................
C ash on d ep osit in banks o r tru st com pan ies.............................
Cash on h a n d ..............................................................................................
T o ta l o f co lle ctib le in te re st.................................................................
A m oun t o f a ll oth er assets, v iz .: U . S. W ar S avin gs S ta m p s ..

2 0 ,000
8 2 2 ,3 1 5
8 0 ,0 8 8
177,591
123

00
15
92
93
50

$ 1 4 ,9 3 6 ,1 0 4 92
LIAB ILITIES
A m oun t due d ep ositors, v iz .:
Principal .............................................................................. $12,580,747 05
Dividends credited o r to be credited fo r the six
months ending with December 31, 1918.....................
240,998 37
----------- ------ $ 1 2 ,7 9 1 ,7 4 6 42
S u rplu s on m arket v a lu e .......................................................................... 2 ,1 4 4 ,3 5 9 50
$ 1 4 ,9 3 6 ,1 0 4 92
S u rp lu s on p a r valu e, $2,128,788.40.
C A SH TR A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on hand and in banka o r tru st com panies Jan u ary 1,
1918, b efore tran sa ction s o f th e d a y ...............................................
$938,847
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d ....................
1 ,6 5 9 ,9 4 4
F rom in terest on loa n s, d ep osits and in vestm en ts.........................
6 6 3 ,2 4 9
F rom ren ts from ban kin g h ou se....................................................
1 ,7 8 3
F rom m ortgages .......................................................................................
6 0 1 ,7 2 5
F rom redem ption o f stock s and b on d s...............................................
1 ,8 6 2 ,2 4 7
F rom stock s and bon d s sold (to ta l p a r va lu e, $ 2 5 8 ,2 0 0 )....
2 5 8 ,20Q

11
27
79
13
00
54
00

From loans paid .................................................................................

8,4 75 00

F rom a ll oth er sources, v iz .:

1 ,1 0 6 40




W a r S avin gs S ta m p s....................

$5,995,578 24

O

range

C

oun ty

243

PAYMENTS
$ 2 ,1 7 2 ,0 1 7
T o d ep ositors, in clu d in g dividen ds p a id to th em ..................
8 ,4 7 5
F or loan s on stock s and bonds and oth er se cu ritie s....................
F or stock s and bonds purch ased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l par va lu e, $ 2 ,8 5 8 ,5 6 1 .5 7 ).................. ............... 2 ,8 5 8 ,5 6 1
402
F or in terest (oth er th an divid en d paym ents to d e p o s ito r s ). .
F or cu rren t expenses p f th e bank, v iz .:
Por salaries..........................................................
$27,928
07
Por ta x es: Banking house, $745.68 ; surplus,$19,359.72
20,105 40
For expenses, except taxes, o f banking h ouse:
Repairs — . ............................................................ ...
268 21
Insurance ......................................................................
192 38
Other ..............................................................................
598 00
Por other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
3,406 19
5 2 ,4 8 8
O ther paym ents, v iz .:
Liberty Bond's.....................................................
$300
00
W ar Savings Certificates..................................
929
90
1 ,2 2 9
Cash on hand and in banks o r tru s t com panies D ecem ber 31,
9 0 2 ,4 0 4
1918, a fter tran sa ction s o f th e d a y ...............................................

24
00
57
21

25

90
07

$ 5 ,9 9 5 ,5 7 8 24
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou n ts J an u ary 1, 1919......................................
18 ,84 3
N um ber o f accou nts opened o r reopened d u rin g th e y e a r . . . . . .
2 ,1 8 2
N um ber o f accou n ts closed d u rin g th e y e a r ......................................
2 ,4 7 4
A m ou n t deposited) d u rin g th e year, n ot in clu d in g dividen ds
cred ited fo r th a t p e r io d ...........................: ........................................ $ 1 ,6 5 9 ,9 4 4 27
A m oun t w ith draw n du rin g th e y e a r.................................................... 2 ,1 7 2 ,0 1 7 24
A m ount o f dividen ds cred ited and pa id fo r th e yea r, v iz .:
July 1,1918............................................................................
$242,677 98
January 1, 1919....................................................................
240,998 37
4 8 3 .6 7 6 35
A verage am ount o f each a ccou n t Jan u ary 1, 1919.........................
678 85
R ate per cen t, o f dividen ds to dep ositors du rin g th e s ix m onths
en din g June 30, 1 9 1 8 ............................................................................
4
R ate p er eent. o f dividen ds to dep ositors du rin g th e s ix m on th s
endm g D ecem ber 31, 1 9 1 8 ...................................................................
4
T ota l earn in gs o f th e bank fo r th e yea r 1918, a fter a llow in g
fo r a m ortiza tion o f prem ium s and d iscou n ts...............................
$6 5 7,2 3 0 85
T ota l expenses o f th e bank fo r th e yea r 1918..................................
5 2 ,4 8 8 25
D ividen ds p a id to dep ositors fo r th e yea r 1918.............................
4 8 3 .6 7 6 35
N et earn in gs fo r th e year 1918 over expenses and dividen ds
paid to d ep ositors ................................................................................
121,066 25




244

R

eport

o f

S a v in g s B

anks

104. WALDEN SAYINGS BANK, WALDEN
[Corner U lster avenue and Bank street; Incorporated 1872]
HIRAM B. WOOSTER, President.
CHARLES W. SADLIER, Treasurer.
------------------ ---------------------- Vice-Prea.
LOUIS H. C L — A sst -Secretary.
THERON L. MILLSPAUGH,
CLUM,
ED W ARD W HITEHEAD, Vice-President.
--------------------------- ~
'

TRUSTEES
T . L. MILLSPAUGH,
EDWARD W HITEHEAD,
HIRAM B. WOOSTER,
CHARLES W. S A D L IlR ,
ALBERT S. EMBLER.
R. A. DBMAREST,
JAMES H . DBNNISTON, C. FRED FOWLER.

HARVEY N. SMITH,
JOHN SIMPSON,
JOHN AHRENS,
J. LOUIS SCHRADE.

F IN A N C IA L
RESOURCES
B on ds and m o r t g a g e s ....,...................................................................
S tock and bond investm ents, v iz .:
Estim ated
Par
Original
market value
Stocks and bonds
value
cost
$106,834 00
$106,846 00
United States...........................
$106,000 0®
4,500 00
5,637 50
6,000 00
State o f M assachusetts........
40,900 00
42,606 48
Cities in other States...........
40,000 00
77,796 10
72,280 00
Cities in this State...............
76,000 00
39,028 79
37,140 00
Towns in th is State.............
38,000 00
75,331 T
O
71,660 00
73,600 00
Villages in this State............
20,763 66
20,106 00
School districts In this State
10,900 00
87,062 50
72,800 00
Railroad mortgage bonds—
90,000 00
$448,400 00

$454,060 63

$ 6 65,750 00

$425,122 00
4 2 5 ,1 2 2 00

B an kin g bou se and lo t, b ook va lu e, $19,000.00; cost, $19,2 6 2 .5 4 ; a ctu a l cash va lu e .................................................................
Cash on d ep osit in banks o r tru s t com pan ies................................
Cash on hand . . . , ...................................................................................
T o ta l o f co lle ctib le in te re st.................................................................

1 9 ,0 0 0
9 3 ,7 4 8
1 7 ,27 4
19,617

00
35
55
14

$ 1 ,2 4 0 ,5 1 2 04
LIAB ILITIES
A m ou n t due d ep ositors, v iz .:
Principal ............. ................................................................ $1,110,828 06
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918......................
20,1%) 56
------------------ $ 1 ,1 3 1 ,0 0 8 62
S u rplu s on m arket v a lu e ..........................................................................
1 0 9 ,5 0 3 42
$ 1 ,2 4 0 ,5 1 2 04
S u rplu s on par va lu e, $132,781.42.
C A SH TR A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
C ash on h an d and in banks o r tru s t com panies Jan u ary 1,
1918, b efore tra n sa ction s o f th e d a y ...............................................
F rom d ep ositors, n o t in clu d in g divid en d s cre d ite d .........................
F rom in terest on loa n s, dep osits and in vestm en ts.........................
F rom m o r tg a g e s ..........................................................................................
F rom redem ption o f stock s a n d b on d s...............................................
F rom a ll oth er sources, v iz .: L an d co n tra ct....................................

$ 9 2 ,4 1 5
2 8 3 ,4 5 8
5 4 ,6 2 8
3 4 ,1 5 4
8 9 ,8 0 0
1 ,3 5 0

21
99
15
00
00
00

$ 5 55,806 35
PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th em .........................
F o r loa n s on bonds and m ortga ges......................................................




$2 8 5,5 9 0 04
2 ,1 0 0 00

O

range

C

oun ty

245

F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
$ 1 50,834
sion s, etc. (to ta l p a r valu e, $ 1 5 1 ,8 3 4 )......................................
F or in terest (oth er th an dividen d paym ents t o d e p o s ito r s ). .
2
F or cu rren t expenses o f th e bank, v iz .:
For salaries................................................................
$4,14?
16
For taxes : Banking house, $266.06; surplus, $804.44;
on mortgages, $10.60...............................................
1,161
00
For expenses, except taxes, o f banking h ouse:
Repairs ...........................................................................
16 93
Insurance ......................................................................
55 44
Other ..............................................................................
395 29
For other expenses, not Including expenses o f other
real estate norother expenses o f banking house..
48212
6 ,2 5 0
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y .................................................
111,0 2 2

00
47

94
90

$ 5 5 5,8 0 6 35
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou nts Jan u ary 1, 1919....................................
N um ber o f accou n ts opened o r reopened d u rin g th e y e a r . . . . . .
N um ber o f a ccou n ts closed du rin g the y e a r..................................
A m ount dep osited du rin g th e yea r, n o t in clu d in g dividen ds
cred ited fo r th a t p e rio d .....................................................................
A m oun t w ith draw n du rin g th e y e a r...............................................
A m ount o f dividen ds cred ited wad p a id fo r th e yea r, v iz .:
July 1, 1018............................................................................
$19,887 01
January 1, 1919....................................................................
20,180 56
A verage am ount o f each accou n t Jan u ary 1, 1919.........................
R a te per cen t, o f dividen ds to d ep ositors d u rin g th e six m on th s
ending Ju n e 30 1918............................................................................
R a te per cen t, o f dividen ds to d ep ositors du rin g th e six m onths
en din g D ecem ber 31, 1918................................................................
T ota l earn in gs o f th e bank fo r th e yea r 1918, a fter a llow in g
fo r am ortiza tion o f prem ium s and d iscou n ts.............................
T ota l expenses o f th e bank fo r th e yea r 1918..................................
D ividends paid t o d ep ositors fo r th e yea r 1918.............................
N et earn in gs fo r th e yea r 1918 over expenses and dividen ds
p a id to d ep ositors...................................................................................




3 ,3 3 7
380
411
$283,458 99
2 8 5 ,5 9 0 04

4 0 .06 7 57
338 93
3 and 4
3 and 4
$ 5 3 ,7 0 0 36
6 ,2 5 6 94
4 0 .06 7 57
7 ,3 7 5 85

246

R

epoet

oh

S a v in g s B

anks

105. THE WARWICK SAVINGS BANK, WARWICK
[M ain street; incorporated 1875]
JOHN SAYER, President.
THOMAS WELLING. Vice-President.
JOHN SAYER,
JOS. E. V. MILLER,
THOMAS WELLING,
W ILBUR C. LAZEAR,

W ILBUB C. LAZEAR, V ice-President
JOSEPH E. V. M ILLER, Treasurer.

TR U ST E E S
BENJ. P . VAIL,
HENRY PELTON,
JOHN W. SANFORD,
JOEL H. CB1SSBY,
MORRIS RUTHBRItJRD.

CLIFFORD S. BEATTIE,
JOHN B. BHADNER,
FRED C. CARY,
W . B. VAN DERVOBT,

F IN A N C IA L
RESOURCES
B on ds and m ortga ges........................................................
S tock n nd bond in vestm ents, v iz .:
Par
Estim ated
Original
Stocks and, bonds
value
market value
cost
United States...........................
$170,084 40
$170,084 40
$167,688 40
7,227 50
6m 0 0
,
C ities in other States............
7,000 00
113,905 99
98,145 00
97,000 00
Cities in th is State..................
23,500 00
Counties in this State...........
20,000 00
19,600 00
35,329 00
Towns in this State............... . 34,000 00
33,730 00
162,825 62
158,964 37
V illages in this State...........
158,250 00
School districts in this State
52,500 00
53,495 18
53,725 00
$538,834 40
C ash on
Cash on
T o ta l o f
A m ou n t

$563,871 69

$ 5 5 3,6 6 0 00

$541,108 77
5 4 1 ,1 0 8
1 7 0 ,3 6 4
352
1 3 ,34 6
5 ,0 0 0

d ep osit in banks o r tru st co m p a n ie s ,. . .
hand .............................................................
co lle ctib le in te r e s t.........................................
o f a ll oth er assets, v iz .: Land co n tra ct.

77
13
83
02
00

$ 1 ,2 9 2 ,8 3 1 75
LIAB ILITIES
A m oun t due d ep ositors, v iz .:
Principal .............................................................................. $1,206,000 32
Dividends credited or to be credited fo r the six
months ending with December 31, 1918.......................
22,077 16
------------------ $ 1 ,2 2 8 ,5 7 7 48
Su rplu s on m arket v a lu e ........................................................................
6 4 ,2 5 4 27
$ 1 ,2 9 2 ,8 3 1 75
S u rplu s on p a r va lu e, $61,979.90.
C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Jan u ary 1,
1918, b efore tran sa ction s o f th e d a y ...............................................
F rom d ep ositors, n ot in clu d in g dividen ds cre d ite d .......................
F rom in terest on loa n s, d ep osits and in vestm en ts....................
F rom m o r tg a g e s ..........................................................................................
F rom redem ption o f stock s an d b o n d s .. ......................................
F rom stock s and bonds sold (to ta l par va lu e, $ 8 0 ,0 0 0 )...........
F rom rea l esta te s o ld ..............................................................................
F rom a ll oth er sou rces, v iz .: S a le o f bonds — p r o fit..................

$2 5 4,6 4 4
2 1 4 ,5 5 4
5 8 ,6 2 4
6 4 ,0 2 5
1 3 4 ,7 0 0
7 7 ,5 2 6
1 6 ,89 7
820

42
55
93
00
00
00
31
69

$ 8 21,792 90
PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id t o th em ...........................
F o r loa n s on bonds an d m ortga ges....................................................




$ 3 1 8,1 2 0 06
4 0 ,2 5 0 00

O

range

C oun ty

F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. ( to ta l par valu e, $ 2 8 0 ,0 8 4 .4 0 )....................................
F or in terest (oth er than dividen d paym ents t o d ep ositors) . .
F or cu rren t expenses o f th e hank, v iz .:
For salaries...........................................................................
$5,220 00
For taxes : Surplus...........................................................
598 77
For rent o f banking room s..............................................
300 00
For expenses o f other real estate, v iz .:
Insurance ......................................................................
239 47
Taxes ..............................................................................
321 22
Other ..............................................................................
184 06
For other expenses, not Including expenses o f other
real estate nor other expenses o«f banking house..
623 31

247
$ 2 75,092 40
1 ,1 2 6 66

7 ,4 8 6 82
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a lte r tran sa ction s o f th e d a y ...............................................

179,716 96
$8 2 1,7 9 2 90

S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accou nts Janu ary 1, 1919......................................
N um ber o f accou nts opened o r reopened du rin g th e y e a r .........
N um ber o f a ccou n ts closed dfuring th e y e a r....................................
A m ount dep osited du rin g th e yea r, n ot in elu d in g dividen ds
cred ited fo r th a t p e rio d .......................................................................
A m ount w ith draw n du rin g th e y e a r....................................................
A m ount o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918........ .................................................................
$22,757 42
January 1, 1919...................................... .............................
22,077 16
A verage am ount o f each accou n t Jan u ary 1, 1919....................
N um ber o f accou n ts w hich exceeded $3,000, exclu sive o f d iv i­
dends cred ited , a t th e la st tr ia l balan ce o f d ep ositors’
ledgers, excep t dep osits a risin g from so cie ty accou nts, o r
ju d ic ia l sales, o r tru st fu n ds, o r b y ord er o f a cou rt o f record
o r 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 cen t, o f dividen ds t o dep ositors d u rin g th e s ix m onths
en din g Jun e 30, 1918.........................................................................
R ate per cen t, o f dividen ds to d ep ositors d u rin g th e six m onths
en din g D ecem ber 31, 1918.................................................................
T ota l earn ings o f th e bank fo r th e yea r 1918, 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 1918...........................
D ividends pa id to dep ositors fo r th e yea r 1918.............................
N et earn ings fo r th e yea r 1918 over expenses and dividen ds
paid to d ep ositors...................................................................................




3 ,4 2 8
265
352
2 1 4 ,5 5 4 55
3 1 8 ,1 2 0 06

4 4 ,8 3 4 58
358 36

1
$ 3 ,14 8 15
3 and 4
3 and 4
$ 5 5 ,8 1 0 35
7 ,4 8 6 82
4 4 ,8 3 4 58
3 ,4 8 8 95

O SW EG O CO U N TY
100.

FU LTO N SA V IN G S B A N K , FU LTO N
[75 South F irst street; incorporated 1871]
WM. J. LOVEJOY, President.
HARRY L. STOUT, Treasurer.
GEO. G. CHAUNCEY, Vice-President.
GEORGE E. TRUE, Secretary.
WATSON A. BUTTS. Vice-President.
GILES S. PIPER,
W ILLIAM J. LOVE JOY,
GEORGE P. WELLS,
H. PUTNAM ALLEN,
CAMERON C. BENEDICT.
EDWIN F . PALMER,

T R U ST E E S
BERT W. BENNETT,
HARRY L. STOUT,
WATSON A. BUTTS,
ELMER E. MORRILL,
GEORGE E. TRUE,

HERBERT J. WILSON,
GEORGE G. CHAUNCEY,
ALBERT I. MORTON,
FRANK W. LASHER.
JOHN R. SULLIVAN,
W ILLIS P. MORIN.

F IN A N C IA L
RESOURCES
$ 1 ,7 1 8 ,1 1 2 55
B onds and m ortgages ..................
S tock and bond investm ents, v iz .:
Estimated
Original
Stocks and bonds
value
cost
market value
$153,891 83
$156,500 00
United States...........................
$158,600 00
26,062 50
State o f New York..................
25,000 00
26,600 00
218,500 00
224,124 16
Cities in this State...........
214,980 O
Q
Counties in this State...........
10,000 00
10,323 00
10,000 00
17,057 60
Towns in this State...............
17,000 00
17,390 00
V illages in this State...........
186,300 00
190,272 73
188,270 00
School districts in this State
26,300 00
• 27,065 40
25,989 00
Railroad mortgage bonds—
271,00000
287,575 65
260,930 00
$910,600 00
$936,372 77
$900,559 00
-------------- '...............'......... ..... ... ......
P rom issory n otes .......................................................................................
B an kin g bouse and lo t, book valu e, $28,062.50; co st, $30,647.00;
a ctu a l cash v a lu e ...................................................................................
C ask on d ep osit in banks or tru st com pan ies..................................
C ask on hand ............................................................................................
T o ta l o f co lle ctib le in te re st.....................................................................
A m oun t o f a ll oth er assets, v iz .: L an d co n tra cts...........................

9 0 0 ,5 5 9 00
4 ,3 0 0 00
2 8 ,0 6 2
301,351
3 1 ,9 2 2
4 7 ,5 2 0
850

50
63
28
27
00

$ 3 ,0 3 2 ,6 7 8 23
LIAB ILITIES
A m ou n t due dep ositors, v iz .:
Principal .............................................................................. $2,774,260 30
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1918......................
52,770 59
------------------ $ 2 ,8 2 7 ,0 3 0 89
O ther lia b ilitie s , v iz .: D eposits as secu rity fo r a b stra cts...........
60 00
S u rplu s on m arket valu e .....................................................................
2 0 5 ,5 8 7 34
$ 3 ,0 3 2 ,6 7 8 23
S u rplu s on pa r valu e, $215,628.34.
C A SH T R A N SA C T IO N S D U R IN G TH E Y E A R 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies Jan u ary 1,
1918, b efore tra n sa ction s o f th e d a y ..................................; ...........
F rom dep ositors, n ot in clu d in g dividen ds cred ited '......................
F rom in terest on loa n s, d ep osits and in vestm en ts.......................
F rom ren ts from bankin g h ou se........................................................
F rom m o r tg a g e s ..................................................................................
F rom redem ption o f stock s and b on d s...............................................




[248]

$ 2 93,215
1 ,2 1 3 ,9 7 8
139,675
400
9 5 ,6 8 3
2 4 ,3 0 0

74
16
97
00
22
00

O

sw ego

C

oun ty

F rom stock s and bonds sold (to ta l p a r valu e, $ 4 1 8 ,1 3 8 .5 1 )'..
F rom loa n s p a id ......... .............................................................................
F rom a ll oth er sou rces, v iz .:
Exchange; deposits securing abstracts loaned...........
$3% 58
Small steel banks sold, cash corrections.....................
18 01
Land contracts....................................................................
300 00
Liberty Bonds, T h rift Stamps........................................
135 88
Insurance, taxes and expenses advanced, repaid.......
362 35
------------------

249
$ 418,738 51
4 ,7 1 0 00

1,201 62
$ 2 ,1 9 1 ,9 0 3 22

PAYMENTS
T o d ep ositors in clu d in g dividen ds pa id t o th em ........................... $ 1 ,2 1 5 ,6 7 8 67
F or loan s on bonds and m ortga ges....................................................
126,659 73
9 ,0 1 0 00
F or loa n s on stock s and bonds and oth er se cu ritie s...................
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, ete. (to ta l par valu e, $ 4 9 0 ,1 9 1 .8 0 ).................................
4 8 7 ,5 7 9 63
F or in terest (o th e r than dividen d paym ents t o d e p o s ito r s ). .
1 ,7 3 2 33
F or cu rren t expenses o f th e bank, v iz .:
For salaries..............
$9,227 81
For taxes: Banking house, 1716.37;surplus,$1,825.87
2,54224
For expenses, except taxes, o f banking h ouse:
R ep a irs..................................................................
465 96
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
4,200 68
-------------------------------------- 16,436 69
O ther paym ents, v iz .:
Cash corrections.................................................................
$78 55
382 00
Deposits securing abstracts loaned,returned............
Money advanced, Liberty Loan campaign........... .—
100 00
T h rift Stamps, W ar Savings Stamps........................
971 71
-------------------------------------- 1 ,5 32 26
Cash on hand and in banks o r tru st com panies D ecem ber 31,
\
1918, a fter tran sa ction s o f the d a y .................................................
3 3 3 ,2 7 3 91
$ 2 ,1 9 1 ,9 0 3 22
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open a ccou n ts Ja n u a ry 1, 1919......................................
7 ,8 2 8
3 ,4 0 9
N um ber o f accou nts opened or reopened du rin g th e y e a r . . . .
2 ,8 2 5
N um ber o f accou n ts clo se d du rin g th e y e a r..................................
A m oun t dep osited du rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p e rio d ..................................................................... $ 1 ,2 1 3 ,9 7 8 16
A m ount w ith draw n du rin g th e y e a r.................................................
1 ,2 1 5 ,6 7 8 67
A m ount o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918...........................................................................
$51,250 53
January 1, 1919....................................................................
52,309 81
Credited at other periods.................................................
791 45
104,351 79
A verage am ount o f each accou nt Jan u ary 1, 1919.......................
361 09
N um ber o f accou nts w hich exceeded $3,000, exclu sive o f d iv i­
dends cred ited , a t th e la st tr ia l balan ce o f dep ositors’
ledgers, excep t d ep osits a risin g from? society accou nts, or
ju d icia l sales, o r tru st fu n ds, o r b y ord er o f a cou rt o f record
or o f a su rrog a te.....................................................................................
1
T ota l am ount o f such a ccou n ts............................................................
$ 3 ,0 5 8 77
R ate per cen t, o f dividen ds to dep ositors du rin g th e six m onths
ending June 30, 1918..........................................................................
4
' R ate per cen t, o f dividen ds to d ep ositors du rin g th e six m onths
ending D ecem ber 31, 1918...................................................................
4
T ota l earnings o f th e bank fo r th e yea r 1918, a fter a llow in g fo r
am ortization o f prem ium s and d iscou n ts.................... ...............
$ 1 36,660 88
T ota l expenses o f th e bank fo r th e yea r 1918..................................
1 7 ,63 6 69
D ividends paid to dep ositors fo r th e yea r 1918...............................
104,351 79
N et earn in gs fo r th e yea r 1918 over expenses and dividen ds
pa id to d ep ositors ..............................................................................
14 ,67 2 40




250

R

eport

on

S a v in g s B

anks

107. OSWEGO CITY SAYINGS BANE, OSWEGO
[214 West F irst street; Incorporated 1859]
ELLIOTT B. MOTT, President
CHARLES S. W RIGHT, Secretary.
THOMAS F. GLEASON. Vice-President
WM. P . BURR, Treasurer.
JAMES B. FARW ELL, Vice-President
NEIL GRAY, J b.,
BENJAMIN DENTON,
JAMES B. FARW ELL,
FRANK P. FARRELL.
CHARLES H. BOND.

T R U STE E S
JAMBS K. STOCKWELL,
M. PROUSE NEAL,
THOMAS F. GLEASON.
ELISHA B. POW ELL,
ELLIOTT B. MOTT,

ARTHUR C. HALL,
JOHN D. HIGGINS,
FRANK E. SAYER,
THOMPSON KINGSPORD,
DAVID D. LONG

F IN A N C IA L
RESOURCES
B on ds and m ortgages
S tock and bond investm ents, v iz .:
Par
Stack* and bond*
value
$480,877 06
State o f New York.......
7,000 00
10,000 00
State o f C a liforn ia ....
15,000 00
State o f Louisiana___
10,000 00
State o f Oklahoma.......
Cities in other States.
93,000 00
300,888 90
Cities In this S ta te...
Towns in this S ta te...
89,566 62
358,050 00
School districts In this State
123,600 00
266,000 00
Railroad mortgage bonds—
$1,813,982 58

$ 2 ,2 4 5 ,5 6 6 00
Estimated
Original
cost
market value
$480,877 06
$480,877 06
7,700 00
7,498 75
9,729 00
9,700 00
15,450 00
15,443 50
10,200 00
9,900 00
97,332 92
94,380 00
388,623 81
364,698 40
90,929 47
89,843 29
369,670 97
358,012 74
127,762 53
125,451 95
216,120 00
279,513 65
$1,877,481 66

$1,772,133 44

P rom issory n otes ........................... .-.......................................................
B an kin g house and lo t, book va lu e, $35,000; co st, $70,593.96;
a ctu a l cash v a lu e ...................................................................................
Cash on d ep osit in banks or tru st com p a n ies...............................
Cash on h a n d ..............................................................................................
T ota l o f co lle ctib le in te re s t...................................................................
A m oun t o f a ll oth er assets, v iz .: U . ®. T h rift sta m p s................

1 ,7 7 2 ,1 3 3 44
834 00
3 5 ,0 0 0
2 4 9 ,3 5 2
7 1 ,4 4 9
6 5 ,8 6 3
202

00
13
55
12
25

$ 4 ,4 4 0 ,4 0 0 49
LIAB ILITIES
A m oun t du e d ep ositors, v iz .:
Principal .............................................................................. $3,992,527 67
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918.......................
75,045 a)
------------------ $ 4 ,0 6 7 ,5 7 3 47
O th er lia b ilitie s , v iz .: L ib erty B ond d ep o sits..................................
7 0 ,8 2 5 50
S u rplu s on m arket v a lu e ..........................................................................
302,1X11 52
$ 4 ,4 4 0 ,4 0 0 49
S u rplu s on p a r va lu e, $343,850.66.
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 1918
RECEIPTS
Cash on hand and in banks o r tru st com panies J an u ary 1,
1918, b efore tran sa ction s o f th e d a y ....... .....................................
$ 3 0 2,0 8 5
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d ....................
1 ,1 2 0 ,5 8 2
F rom in terest on loa n s, d ep osits and in vestm en ts.................. ..
2 0 2 ,6 4 9
F rom ren ts from bankin g h ou se..........................................................
1 ,6 0 7
F rom m ortgages ................................................................................... ..
2 1 4 ,9 7 5
F rom redem ption o f stock s and b on d s...............................................
3 2 6 ,8 6 0
F rom stock s and bonds sold (to ta l p a r va lu e, $ 2 7 1 ,6 9 4 .8 4 )..
2 6 5 ,5 9 4




98
38 •
42
89
00
37
84

O

sw ego

C

oun ty

P rom bankers’ acceptances and b ills o f exch a n ge.........................
F rom rea l esta te s o l d ..............................................................................
P rom a ll oth er sou rces, v iz .:
$73 82
E xch ange............. ................................................................
Deposits, partial payments on Liberty Bonds...........
254,655 60
W ar Savings Certificates.................................................
971 66
------------------

251
$ 1 ,5 9 5 00
5 ,2 5 0 00

2 5 5 ,7 0 0 98
$ 2 ,6 9 6 ,9 0 1 86

PAYMENTS
T o d ep ositors, in clu d in g dividen ds paid to th em ........................... $ 1 ,1 5 5 ,0 0 3 01
l o r loan s on bonds and m ortga ges....................................................
8 9 ,0 8 0 00
F or loan s on stock s and bonds and oth er secu rities............................
849 00
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l p a r valu e, $ 8 9 2 ,9 6 6 .9 0 )....................................
8 9 2 ,9 6 6 90
F or cu rren t expenses o f th e bank, v iz .:
For salaries .......................................................................
$10,302 32
For taxes: Banking 'house, $979.18; surplus, $2,570.08 ;
on mortgages, $7.00.........................................................
3,556 26
For expenses, except taxes, o f banking h ouse:
R ep a irs.......................................................
370 18
Insurance ......................................................................
422 87
Other ..............................................................................
623 76
For expenses o f other real estate, v iz .:
Insurance ......................................................................
9 60
Taxes ..............................................................................
164 00
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..
2,059 87
-------------------------------------- 1 7,498 86
O ther paym ents, v iz .:
Paid on deposits against Liberty Bonds........................ $218,528 50
W ar Savings Stamps.........................................................
2,173 91
-----------------2 2 0 ,7 0 2 41
Gash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fte r tran sa ction s o f th e d a y ...............................................
320,801 68
$ 2 ,6 9 6 ,9 0 1 86
S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open a ccou n ts Jan u ary 1, 1919......................................
8 ,1 8 7
N um ber o f accou nts opened o r reopened du rin g th e y e a r ____
1 ,1 27
N um ber o f accou n ts closed du rin g th e y e a r..................................
1 ,0 6 5
A m oun t dep osited d u rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p e rio d ........................................................................ $ 1 ,1 2 0 ,5 8 2 38
A m oun t w ithdraw n du rin g th e y e a r.................................................
1 ,1 5 5 ,0 0 3 01
A m oun t o f dividen ds cred ited and paid fo r th e yea r, v iz .:
July 1, 1918...........................................................................
$75,363 79
January 1, 1919....................................................................
75,045 80
Credited a t other periods................................................
1,130 25
-----------------151,529 84
A verage am ount o f each accou n t Jan u ary 1, 1919.........................
487 65
R ate per cen t, o f dividen ds t o d ep ositors du rin g th e six m onths
en din g Ju n e 30, 1918............................................................................
4
R ate p er cen t, o f dividen ds to dep ositors du rin g th e six m onths
en din g D ecem ber 31, 1918.................................................................
4
T ota l earn in gs o f th e bank fo r the yea r 1918, a fter a llow in g fo r
$ 1 9 7,4 8 0 56
a m ortiza tion o f prem ium s and d iscou n ts......................................
T ota l expenses o f th e bank fo r th e yea r 1918...............................
17,498 86
151,5 2 9 84
D ividends paid t o dep ositors fo r th e yea r 1918.............................
N et earn in gs fo r th e yea r 1918 over expenses and dividen ds
pa id to d e p o s ito r s ........................
2 8 ,4 5 1 86




252

R

eport

on

S a v in g s B

anks

108. OSWEGO COUNTY SAVINGS BANE, OSWEGO
[44 East Bridge street; incorporated 1870]
W. B. COUCH, President.
CHAS A . TANNER, Vice-President.

HUBERT J. PRESIDES, Vice-President.
JAMES DUNLAP, Treasurer.

TRUSTEES
W. B. COUCH,
PETER H ILBERT,
NORMAN L. BAT&S.
UDELLE BARTLETT,
M. T. CRIMMINS,

J. FRANK MARSDEN.
THOMAS H. BENNETT,
FRBD’K B. SHEPHERD,
O. S. OSTERBOUT,
HUBERT J. PEEBLES.

CHARLES A. TANNER,
FRED A. GAGE.
A. RARORG HUNT,
ALANSON S. PAGE.
JAMES G. MERRIMAN,

F IN A N C IA L
RESOURCES
B on ds and m ortga ges.

$ 2 ,3 7 5 ,3 1 0 16

Stock and bond investments, viz.:
Stocks and bonds
United States ........................
Cities in other States...........
Counties, villages and tow ns
in adjoining States.............
Cities in this State...............
Counties in th is State............
Tow ns in this State...............
Villages in this State............
School districts In this State

Par
value
$497,150 00
164,000 00

Estimated
Original
cost
market value
$492,429 90
$497,150 00
172,255 66
166,740 00

203,979 86
14,579 75
68,419 98
122,100 00
95,500 00
449,000 00

208,966 36
15,847 84
69,274 36
126,623 16
98,595 52
522,829 50

202,704 86
15,679 75
69,028 98
122,492 00
95,925 00
422,260 00

$1,614,729 59

$1,706,722 29

$1,591,970 59

P rom issory n o t e s .......................................................................................
B an kin g h ouse and lo t , b od e va lu e, $50,083.49; co st, $59,0 8 3 .4 9 ; a ctu a l cash v a lu e .................................................................
O th er rea l esta te, b od e va lu e, $2,756.03; co st, $3,625.97; a ctu a l
cash v a lu e ................................................................................................
C ash on d ep osit in banks o r tru st com pan ies................................
C ash on hand . . ..................................................................................... '.
T o ta l o f co lle ctib le in te re st.....................................................................
A m oun t o f a ll oth er assets, v iz .:
Land contracts....................................................................
8540 00
Insurance premiums and taxes advanced...................
137 39

1 ,5 9 1 ,9 7 0 59
1 0 ,24 7 00
5 0 ,0 8 3 49
2 ,7 5 8
2 3 7 ,3 3 1
3 9 ,1 2 5
5 9 ,2 1 5

03
91
23
54

677 39
$ 4 ,3 8 6 ,7 1 7 34
LIAB ILITIES
A m oun t due dep ositors, v iz .:
P rin cip a l.............................................................................. $3,896,743 91
Dividends credited o r to be credited fo r the six
months ending with! December 31, 1918......................
75,003 08
------------------ $ 3 ,9 7 1 ,7 4 6 99
O ther lia b ilitie s , v iz .: L ib e rty B on d d e p o sits................................
2 9 ,3 3 5 90
S u rp lu s on m arket v a lu e ......................................................................
3 6 5 ,6 3 4 45
$ 4 ,3 6 6 ,7 1 7 34
S u rplu s on p a r valu e, $388,393.45.
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 1918
RECEIPTS
C ash on hand and in banks o r tru st com panies Ja n u a ry 1,
1918, b efore tra n sa ction s o f th e d a y ...............................................
F rom d ep ositors, n ot in clu d in g dividen ds cred ited ........................
F rom in terest on loa n s, d ep osits and in vestm en ts..........................
F rom ren ts from bankin g h ou se..........................................................
F rom ren ts from oth er rea l esta te ....................................................
F rom m o r tg a g e s ..........................................................................................




$ 3 4 8,2 4 2
8 6 4 ,6 3 4
2 0 2 ,1 3 9
1 ,0 2 4
85
102,6 1 9

28
08
44
35
00
70

O

sw ego

C oun ty

253

F rom redem ption o f stock s and b on d s................................................
$ 1 6 5,8 0 4 02
F rom stock s and bonds sold (to ta l p a r valu e, $ 1 7 1 ,4 0 0 )...............
168,462 50
F rom loan s p a id .......................................................................................
6 2 ,14 1 50
F rom a ll oth er sou rces, v iz .:
W ar Savings Stamps, Liberty Loan Bonds..................
$29, 935 90
Appraisal fees, taxes and insurance on mortgaged
property ...........................................................................
1,191 93
Old m aterial sold................................................................
129 42
Tellers’ cash difference account......................................
59 06
-------------------------------------- 3 1 ,3 1 6 31
$ 1 ,9 4 6 ,5 2 9 18
PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id t o th e m ..
$957,061 87
F or loa n s on bonds and m ortgages!. * . . . . . ................
4 3 ,5 5 5 00
F or loan s on stock s and bonds and oth er secu rities
5 0 ,9 3 5 00
F or stock s and bonds purchased, in clu d in g prem ium s, com m is­
5 6 4 ,1 6 0 08
sion s, etc. (to ta l par va lu e, $ 5 6 8 ,8 8 0 .1 8 )....................................
1 ,6 1 9 96
F or in terest (oth er than dividen d paym ents to d e p o s ito r s )..
F or cu rren t expenses o f th e bank, v iz .:
P er salaries................................, .......................................
$9,098 00
For taxes : Banking house, $761.20; surplus, $2,550.38;
on mortgages, $29.50........................................................
3,341 08
For expenses, except taxes, o f banking h ouse:
Repairs .................................................................................
28612
Insurance .................................................................................
©462
For expenses o f other real estate, v iz .:
R ep a irs.................................................................................
12313
Other ..............................................................................
2 ,© 4 ©
16,437 04
F or rea l estate acqu ired b y foreclosu re, o r in settlem ent o f
debts du e th e b a n k ........................... " .................................................
3 ,6 2 5 97
O ther paym ents, v iz .:
Alterations to bank building, furniture, tellers’ cash
a ccou n t..............................................................................
$30,906 88
Insurance and taxes on mortgaged property...............
1,270 24
U. S. W ar Saving Stamps................................................
500 00
3 2 ,67 7 12
Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fte r tran sa ction s o f the d a y .................................................
2 7 6 ,4 5 7 14
$ 1 ,9 4 6 ,5 2 9 18
S T A T IS T IC A L IN F O R M A T IO N
N um ber o f open accou nts Ja n u a ry 1, 1919......................................
N um ber o f accou nts opened o r reopened d u rin g th e y e a r............
N um ber o f a ccou n ts closed du rin g th e y e a r..................................
A m oun t dep osited d u rin g th e yea r, n o t in clu d in g dividen ds
credited' fo r th a t p erio d .....................................................................
A m oun t w ith draw n du rin g th e y e a r.................................................
A m oun t o f dividen ds cred ited and p a id fo r th e yea r, v iz .:
July 1, 1918...........................................................................
$74,9© 42
75,063 08
January L 1919....................................................................
P aid but not credited........................................................
1,099 21
A verage am ount o f each accou nt Ja n u a ry 1, 1919.........................
R ate per cen t, o f dividen ds t o d ep ositors du rin g th e six m onths
en din g Jun e 30, 1918...........................................................................
R ate p er cen t, o f dividen ds t o d ep ositors du rin g th e six m onths
en din g D ecem ber 31, 1918.................................................................
T ota l earn ings o f th e bank fo r th e yea r 1918, a fter a llow in g fo r
a m ortiza tion o f prem ium s and d iscou n ts....................................
T ota l expenses o f th e bank fo r th e yea r 1918.................. ...............
D ividends p a id to dep ositors fo r th e yea r 1918.............................
N et earn in gs fo r th e yea r 1918 over expenses and dividen ds
p a id t o d ep ositors ..............................................................................




6 ,3 6 2
905
916
$ 8 6 4,6 3 4 08
9 5 6 ,4 9 0 73

151.040 71
624 29
4
4
$ 1 9 7,6 6 4 12
1 7 ,88 5 87
1 5 1 .0 4 0 71
2 8 ,7 3 7 54

PUTNAM COUNTY
108. PUTNAM COUNTY SAVINGS BANK, BRBWSTER
[M ain street; incorporated 18711
ALEXANDER F. LOBDELL, President.
8. PIERRE FIELD, Vice-President.

DAVID P . VAIL, Vice-President.
GEORGE H. REYNOLDS, Treasurer.

T R U ST E E S
MYRON P. HOWES,
EMERSON W. ADDIS.
FREDERIC S. BABNUM,
S. PIERRE FIELD,
DAVID P. VAIL,
H . FRANK PADDOCK,
L. STARR BARNUM,
OSCAR BAlM SY,
ALE X. F. LOBDELL,
GEO. H. REYNOLDS,
W ILLIAM B. SMITH,
DANIEL M. BARNES,

FRED. A. PURDY,
BENJAMIN O. NICHOLS,
JOHN R. YALE.
GEORGE E. JBNNING,
FRANK S. REYNOLDS.

F IN A N C IA L
RESOURCES
B on ds and m ortga ges......................................................
S tock and bond in vestm ents, v iz .:
Estimated
Par
Original
Stocks and hands
value
cost
market value
$104,960 00
$104,969 03
United S tates.
................... $194,950 00
6,860 00
C ities in other States............
7,000 00
7,128 20
210,370 22
C ities in this State...............
198,987 17
198,307 63
14,056 68
13,949 88
Counties in this State............
14,000 00
17,492 T
O
17,960 43
Tow ns is this S t a te .....—
16,960 00
212,149 54
Villages in this State............
208,603 19
215,565 64
69,277 19
67,071 30
School districts in this State
66,300 00
50,000 00.
41,850 00
49,550 00
R ailroad m ortgage bonds..
$666,790 36

$688,848 36

$762,825 00

$662,631 05
6 6 2 ,6 3 1 05
1 1 ,0 0 0 00

P rom issory n otes ................................................................... .......... . . .
B an k in g h ouse an d lo t, b ook va lu e, $20,000; co st, $20,230.22;
a ctu a l cash v a lu e ...................................................................................
O th er rea l esta te, book va lu e, $7,201.3®; co st, $7,201,36; a ctu a l
cash va lu e ............... .......................... ...................................................
C ash o n d ep osit in banks o r tru st com pan ies..................................
C ash on hand ................ ...........................................................................
T o ta l o f co lle ctib le in te re s t.....................................................................
A m ou n t o f a ll oth er assets, v iz .: R en t a ccru e d .............................

20,000 00
7 ,2 0 1
1 0 1 ,7 8 0
7 ,2 2 4
2 1 ,8 7 5
347

36
78
58
08
50

$ 1 ,5 9 4 ,8 8 5 35
LIAB ILITIES
A m ou n t du e d ep ositors, v iz . :
Principal ................ ....................................................... .
$ M *8 ,»i0 0
Dividends credited o r to be credited fo r ti»e six
months ending w ith December 31, 1918.....................
27,849 87

--------------- $1,506,065 96

S u rplu s on m arket v a lu e .................. ...................................................

8 8 ,8 1 9 39
$1,594*888. 35

S u rplu s on p a r valu e, $02,978.70.
C A SH TR A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Gash on hand and in banks o r tru st com panies J a n u a ry 1,
1918, b efore tran sa ction s o f th e d a y ...............................................
F rom d ep ositors, n o t in clu d in g dividen ds cre d ite d .......................
F rom in terest on loa n s, d ep osits a n d in vestm en ts.....................




[254]

$ 9 0 ,7 9 8 73
2 9 9 ,7 2 7 78
7 9 ,4 4 4 82

P
F rom
F rom
F rom
F rom
F rom

utnam

255

C oun ty

ren ts from ban kin g h o u s e .........................................................
ren ts from oth er rea l e sta te ......................................................
m o r tg a g e s ..........................................................................................
redem ption o f stock s and b on d s...............................................
rea l esta te s o ld ..............................................................................

$476
439
5 5 ,1 2 5
1 6 ,61 5
4 ,0 6 5

00
82
00
00
00

$ 5 28,692 15
PAYMENTS
T o d ep ositors, in clu d in g dividen ds p a id to th em ...........................
F or loan s on bon d s and m ortga ges....................................................
F or loan s on
stock s a n d bonds and oth er se cu ritie s...........
F or stock s and bonds pu rch ased, in clu d in g prem ium s, com m is­
sion s, etc. (to ta l p a r va lu e, $ 1 0 9 ,3 0 0 )...........................................
F or in terest (o th e r th an divid en d paym ents to d e p o s ito r s ). .
For salaries......................................................................
F or ta x es: Banking house, 1325.00; surplus, $744.6
For expenses, except taxes, o f banking house:
Other
F or expenses o f other real estate, v iz .:
Repairs ......................................................
Insurance ..................................................
Taxes .........................................................
Other ........................................................

$285,552 47
6 ,0 0 0 00
1 1 ,0 0 0 00
109,7 2 5 90
195 67

$4,200 00
1,069 68
109 45
282 23
70 81
133 08
46135
886 15
7 ,2 1 2 75

Cash on hand and in banks o r tru st com panies D ecem ber 31,
1918, a fter tran sa ction s o f th e d a y ...............................................

109,005 36
$528,692 15

S T A T IS T IC A L IN FO R M A TIO N
N um ber o f open accou nts J a n u a ry 1, 1919......................................
N um ber o f a ccou n ts opened o r reopened d u rin g th e y e a r . . . .
Num ber o f accou n ts closed d u rin g th e y e a r .............................
A m oun t dep osited d u rin g th e yea r, n ot in clu d in g dividen ds
cred ited fo r th a t p e r io d ....................................................................
A m oun t w ith draw n d u rin g th e y e a r...............................................
A m oun t o f dividen ds cred ited and p a id fo r th e yea r, v is .:
July 1, 1918...........................................................................
$27,442 30
January 1, 1919....................................................................
27,849 87
A verage am ount o f each accou n t Ja n u a ry 1, 1919.........................
R ate per cen t, o f dividen ds to d ep ositors du rin g th e six m onths
en din g Jun e 30, 1918............................................................................
R ate per cen t, o f dividen ds t o d ep ositors du rin g th e six m onths
en din g D ecem ber 31, 1918.................................................................
T ota l earn ings o f th e bank fo r th e yea r 1918, a fter a llow 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 yea r 1918..................................
D ividends p a id t o dep ositors fo r th e yea r 1918.............................
N et earn in gs fo r th e yea r 1918 over expenses and dividen ds
paid to d e p o sito rs...................................................................................




3 ,2 0 8
583
409
$290,727 78
2 8 6 ,5 5 2 47

5 5 .2 9 2 17
460 79
4
4
$ 7 2 ,6 2 0 85
7 ,2 1 2 75
5 5 .2 9 2 17
1 0 ,11 5 93

QUEENS COUNTY
110. COLLEGE POINT SAYINGS BANK, COLLEGE POINT
[313 Thirteenth street; incorporated 1872]
WM. W . WHEELING, President.
GEORGE W . GILLETTE, Secretary.
ALFRED H. SCHLESINGER, Vice-Pres
E. A . PLITT, A sst. Secretary.
EDWIN P . ROB. Vice-President
FERDINAND MARTENS,
WM. W . W BITLING,
A. H . SCHLESINGER,
GEORGE W. GILLETTE,

TRUSTEES

FRANK HUNOLD.
EDWIN P. ROE,
W ILLIAM F. BUHL,
H. C. POPPBNHUSEN,

HENRY BOHNE,
GEORGE DUER,
W ILLIAM SCHMIDT,
G. A . S. W IENERS.

F IN A N C IA L
RESOURCES
$ 1 ,0 1 2 ,2 5 5 00
B on ds and m o r tg a g e s ....................................................................... ..
S tock and bond in vestm ents, v iz .:
Par
Original
Estim ated
Stocks and bonds
value
cost
market value
United States ..................
$105,000 00
$106,000 00
$106,00000
State o f C alifornia..................
10,000 00
9,400 00
9,40000
Cities in other States............
129,350 00
135,211 08
126,1®60
Cities in this S tate.................
172,000 00
176,550 62
165,14000
41,000 00
42,315 69
42,71000
Counties in this State........
V illages in this Slate............
36,331 24
37,150 27
36,26824
School districts in this State
56,900 00
60,044 26
57,99800
Railroad mortgage b on d s....
391,000 00
403,611 05
331,05000
$941,581 24

$9®,282 97

$873,735 74
8 7 3 ,7 3 5 74

B anking h ouse and lo t, book va lu e, $27,288.97 j cost, $27,288.97;
a ctu a l cash v a lu e ...................................................................................
O ther rea l esta te, book va lu e, $43,986.97; co st, $43,986.97;
a ctu a l cash v a lu e ...................................................................................
Cash on d ep osit in banks o r tru st com pan ies..................................
C a d i on h a n d ....................... .......................................................................
T o ta l o f co lle ctib le in te re st...................................................................
A m ou n t o f a ll oth er assets, v iz .: L ib erty B ond su bscrip tion s
and accru ed in terest on s a m e ...........................................................

2 7 ,2 8 8 97
4 3 ,9 8 6
154,6 4 5
13 ,19 3
3 1 ,1 0 0

97
75
30
01

4 7 ,6 8 3 06
$ 2 ,2 0 3 ,8 8 8 80

LIAB ILITIES
.Am ount du e d ep ositors, v iz .:
Principal ................................ ............................................. $2,933,718 85
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918.....................
37,1® 08
------------------ $ 2 ,0 7 0 ,8 9 8 93
S u rp lu s on m arket v a lu e ..........................................................................
1 3 2 ,9 8 9 87
$ 2 ,2 0 3 ,8 8 8 80
S u rplu s on p a r va lu e, $200,835.37.
C A SH TR A N SA C T IO N S D U R IN G T H E Y E A R 1918
RECEIPTS
Cash on ban d and in banks o r tru st com panies J an u ary 1,
1918, b efo re tran sa ction s o f th e d a y .............................................
From , dep ositors, n o t in clu d in g dividen ds cre d ite d ......................
F rom in terest on loa n s, dep osits and in vestm en ts....................
F rom ren ts from oth er rea l e sta te ......................................................
F rom m o r tg a g e s ..........................................................................................
F rom redem ption o f stock s an d b on d s...............................................
F rom re a l, esta te s o ld ........................... ............................ - ...................




1266]

$ 1 0 1,2 5 5
6 0 1 ,1 5 9
9 4 ,0 5 3
3 ,9 1 7
4 9 ,6 2 0
1 6 ,2 0 0
5 ,0 0 0

36
54
50
50
00
00
00

Q

ueens

257

C ounty

From all other sources, viz.:
Telephone, advertising and sale

o f clock .....................

$11 68

Mortgage satisfaction ..............................................

L iberty L oan A ssociation, book subscribers..................
Excess, L iberty Loan and W ar Savings Stamp
interest ..................................................................................
T axes .........................................................................................
Liberty Bonds fo r subscribers..........................................
F urniture charge and fire insurance premiums re­
turned ..................................................................................
T eller’s Cash o v e r . . . ............................................................
Releases ....................................................................................

1 60
7

23,817 69

398 76
70 00
152,325 00
18 18
6 00
10 00

— ----------- -

$176, 674 61
$1,047,880 51

PAYMENTS

To depositors including dividends paid to them...........................
For loans on bonds and mortgages. k ..............................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $80,000).......................................
For interest (other than dividend payments to depositors)..
For current expenses of the bank, viz.:
For salaries .......................................................................
For taxes: Banking house, $509,10; surplus, $1,173.82 ;
on mortgages, $84.00.........................................................
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 o f banking house..

$458,282 24
104,475 00
80,000 00
6 17

$7,397 20
1,766 92
1,723 26
156 06
1,156 96
469 13
1,390 84

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

14,060 36

Other payments, viz.:
Telephone, advertising, excess interest........................
Mortgage satisfaction ......................................................
Taxes ...................................................................................
Liberty Loan Association (book subscribers).............
Liberty Bonds bought for subscribers...........................
Tellers cash short and releases.................................
Fixtures ..............................................................................

$6 85
17 50
70 00
23,817 69
199,200 00
35 00
70 75

----------—
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day..............................................

223,217 69
167,839 05
$1,047,880 51

STATISTICAL INFORMATION
Number of open accounts January 1, 1919.................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year...............................
Amount deposited during the year, not including dividends
credited for that period................................................................
Amount withdrawn during the year................................................
Amount of dividends credited' and paid for the year, viz.:
July 1, 1918...............................................................................
January 1, 1919........................................................................




$601,159 54
458,282 24

$35,264 32
37,180 08

--------------------Average amount of each account January 1, 1919.......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918....................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918............................................................
Total earnings of the bank for the year 1918, after allowing for
amortization of premiums and discounts.................................
Total expenses of the bank for the year 1918...........................
Dividends paid to depositors for the year 1918...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors........................................................................

9

4,004
685
372

72,444 40
505 84
4
4

$98,933 08
16^973 24

— ■

72 444 40

’
9 § jj 44

258

R

eport

oh

S a v in g s B

anks

111. JAMAICA SAVINGS BANK, JAMAICA
[360 Pulton street; Incorporated 1850]
W. GILLEN, President.
M a RAPELYE. Vice-Pres and Sec.
STEPHEN RYDER, Vic^President.
J. TYLER WATTS, Treasurer.
G. WARREN SMITH. Asst. Secretary.

TRUSTEES
W ILLIAM W. GILLEN,
STEPHEN RYDER,
J. TYLER WATTS.
MARTIN S. RAPELYE,
LEANBER B. FABER,

GEORGE K. MBYNEN,
W ILLETT C. DURAND,
W ILLIAM L. WOOD,
ROBERT W. HIGBIE,
EDGAR DUBS SHIMER,

CHARLES E. TWOMBLY,
A. JAMES VAN SICLEN,
STARR BRINCKERHOFF,
CLIFFORD M. TAPPBN.
CHARLES R. DOUGHTY.

FINANCIAL
RESOURCES

Bonds and mortgages .......................................
Stock and bond Investments, viz.:
Par
Stocks and Honda
value
United States ........................ $675,395 00
D istrict o f Columbia.............
10,000 00
Cities In other States...........
781,000 00
Cities In this State............... 1,106,264 10
Counties in tbls State...........
75,000 00
Towns in this State...............
20,000 00
V illages in this State...........
71,000 00
School districts in this State
40,500 00
190,000 00
R ailroad mortgage bonds.
$2,969,169 10

$3,621,375 00

O riginal
Estimated
market value
cost
$675,380 37
$675,380 37
10,369 38
10,100 00
832,608 95
781,690 00
1,166,607 92
1,061,906 91
78,001 00
76,200 00
20,000 00
19,700 00
75,2% 00
68,960 00
41,552 80
39,845 00
158,150 00
181,106 25
$3,080,911 67

$2,911,932 28

2,911,932 28
Banking house and lot, book value, $60,000; cost, $71,899.81;
actual cash value.............................................................................
Other real estate, book value, $145^791.99; cost, $161,178.08;
actual cash value.............................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand .......................................................................................
Total of collectible interest................................................................
Amount of all other assets, viz.:
U. S. T h rift Stamps...........................................................
Rent accrued
Insurance premiums and taxes advanced.

65,000 00
157,150
567,181
61,610
76,927

00
57
34
61

|34 00
1,993 50

2,293 00
$7,453,469 80

LIABILITIES

Amount dne depositors, viz.:
Principal ................................................................- ...........$6,813,443 95
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1918.......................
122,847 74

Surplus on market value..................................................................

$6,936,291 69
517,178 11
$7,453,469 80

Surplus on par value, $574,404.93.
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day.........................................
From depositors, not including dividendscredited.....................
From interest on loans, deposits andinvestments.........................
From rents from banking house......................................................
From rents from other real estate.................................................
From m ortgages..................................................................................
From redemption of stocks and bonds............................................




$519,282
2,029,477
316,207
4,860
14,944
89,800
104,000

23
11
61
00

78
00
00

Q

ueens

259

C oun ty

From stocks and bonds sold (total par value, $279,880}...........
From real estate sold..........................................................................
From all other sources, viz.:
Insurance paid for m ortgagors.....................................
Sale of old typew riter........................................................
Satisfaction o f deficiency judgm ent..............................
Return premium on indemnity bond...........................
Refund on expense, inspection o f property.............
T h rift S tam ps....................................................................
Interest, W ar Savings Stamps.....................................

$279,788 38
7,080 00

f i l l 60
10 00
313 44
2 75
4m 75
141 00
4 62

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

1,06-7 16
$3,366,457 27

PAYMENTS

To depositors, including dividends paid to them......................... $1,777,490 90
For loans on bonds and mortgages................................................
114,750 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $804,475).......................................
804,818 75
For interest (other than dividend payments to depositors). . .
90 40
For current expenses of the bank, viz.:
For sa la ries.........................................................................
For ta xes: Banking house, $1,518.30; surplus, $4,615.29
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
Insurance ......................................................................
Other ..............................................................................
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
Insurance ....................................................................
Taxes ..............................................................................
Other ..............................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se....

$14,174 65
6,133 59
736 46
248 58
4,297 74
6,349 02
296 39
3,270 76
5,461 67
2,830 11

43,798 97
For real estate acquired by foreclosure, or in settlement of
debts due the bank ......................................................................
Other payments, viz.:
Insurance and taxes.........................................................
T h rift S tam ps....................................................................

5,04ft 34

$1,995 00
175 00

2,170 00
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day............................................

618,791 91
$3,366,457 27

STATISTICAL INFORMATION
13,976
Number of open accounts January 1, 1919.................................
Number of accounts opened or reopened during the year___
3,305
Number of accounts closed during the year...............................
2,191
Amount deposited during the year, not including dividends
credited for that period................................................................ $2,029,477 11
Amount withdrawn during the year.............................................. 1,777,490 90
Amount of dividends credited and paid for the year, viz.:
July 1, 1918...........................................................................
January 1, 1919....................................................................

$118,916 92
122,847 74

----------------Average amount of each account January 1, 1919...................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918......................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918............................................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1918...........................
Dividends paid to depositors for the year 1918...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors ........................................................................




241,764 66
496 30
4
4
$339,408 24
43,315 22
241,764 66
54,328 36

260

R

eport

of

S a v in g s

B

anks

112. LONG ISLAND CITY SAYINGS BANK, LONG ISLAND CITY
[Bridge P laza; incorporated 1875]
W. J. BURNETT, President.
BENJAMIN MOORE, Vice-President.
.D AVID G. MORRISON, Vice-President.

JARVIS S. HIOKS, Treasurer.
ARTHUR WOODBURY, Asst. Secy.
€ . L. PAETZOLD, Asst. Treasurer.

TRUSTEES
W ILLIAM J. BURNETT,
D. S. JONES,
A. T. PAYNE,
J. HARVEY SMBDLEY,

H. F. JONES,
D. G. MORRISON,
W. H. SIEBRECHT,
JOHN HARVEY,
G. L. STUBBNER.

BENJAMIN MOORE,
H. K . LINES,
JARVIS S. HICKS,
C. CURTIS WOODRUFF.

FINANCIAL
RESOURCES

Bonds and m ortgages..........................................
Stock and bond investments, viz.:
Par
Stocks and bonds
value
United States ..........................$1,030,000 00
State o f New York..................
45,000 00
State o f Louisiana..................
40,000 00
25,000 00
State o f M assachusetts........
State o f Oklahoma..................
25,000 00
Cities in other States............
721,500 00
Counties, villages and tow ns
in adjoining States...............
59,000 00
Cities in this State................ 1,208,987 50
Counties in this State...........
436,000 00
Towns in this State...............
113,500 00
Villages in this State............
636,229 32
School districts in this State
221,700 00
Railroad mortgage bonds—
525,000 00
$5,086,916 82

Original

$6,327,157 18

$1,030,000 00
45,761 13
42,479 12
21,430 50
25,387 50
751,298 89

Estimated
market value
$1,030,000 00
45,450 00
41,320 00
22,130 00
24,750 00
731,523 00

60,032 50
1,232,762 89
453,695 83
115,123 60
650,919 07
227,065 24
539,670 46

61,950 00
1,200,199 50
442,912 00
116,605 00
644,205 17
225,322 50
450,200 00

$5,195,626 73

$5,036,567 17

cost

Other real estate, book value, $33,226.61; cost, $33,226.61;
actual cash v a lu e.............................................................................
Gash on deposit in banks or trust companies.............................
. Cash on b a n d .......................................................................................
Total of collectible interest ............................................................
Amount of all other assets, viz.:
U. S. certificate o f indebtedness.....................................
Insurance premium advanced..........................................

5,636,567 17
33,226
718,466
6,966
113,142

61
92
72
02

$100,000 00
9 60

100,009 60
$12,335,536 22
LIAB ILITIES

Amount due depositors, viz.:
Principal ............................................................................ $10,879,530 01
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918.....................
193,0# 62

----------------- $11,072,579
Other liabilities, viz.: Liberty Bond deposits...........................
142,792
Surplus on market value..................................................................
1,120,164
$12,335,536

63
51
08
22

Surplus on par value, $1,170,513.73.
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day............................................
From depositors, not including dividends credited.....................
From interest on loans, deposits and investments.......................
From rents from other real estate..................................................
From m ortgages..................................................................................
From redemption of stocks and bonds............................................
From stocks and bonds sold (total par value, $612,950)...........
From bankers’ acceptances and bills of exchange.......................




$950,557
3,904,386
566,879
3,446
276,059
193,277
612,950
359,688

25
31
52
00
00
50
00
06

Q

ueens

C

261

ounty

$41,150 00

From real estate sold...........
From all other sources, viz.:
Liberty Loan subscribers___

1467,016 82
860,000 00
34 64
500 00

U. S . certificates....................
Insurance rebate ...................
Beal estate con tra ct...............

1,207,580 36
$8,115,974 00

PAYMENTS

To depositors, including dividends paid to them......................... $3,182,674 48
For loans on bonds and mortgages................................................
628,640 60
For bankers’ acceptances and bills of exchange...........................
359,688 06
For stocks and' bonds purchased, including premiums, commis­
sion, etc. (total par value, $1,900,000).....................................
1,909,490 77
For interest (other than dividend payments to depositors). . .
6,054 62
For current expenses of the bank, viz.:
For salaries ........................................................................
For taxes: Surplus, 39,938.38; on mortgages, 31,943.60.
For rent o f banking rooms..............................................
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..

332,360 79
11,881 88
6, #9 96
1,439 61
303 33
1,184 08
1,659 66
6,717 69

------------------------------------ 61,646 80
For real estate acquired by foreclosure, or in settlement of
debts duethe bank...........................................................................
18,173 21
Other payments, viz.:
Liberty Loan subscriptions..............................................
U. S. certificates................................................................
Real estate contract.........................................................
Insurance premium ...........................................................

3914,612 2&
860,000 00
250 00
9 60

----------------Cash on hand and in banks or trust companies December 31,
1918, aftertransactions of the day............................................

1,224,771 82
725,433 64
$8,115,974 00

STATISTICAL INFORMATION
Number of open accounts January 1, 1919...................................
24,813
Number of accounts opened or reopened during the year........
4,841
Number of accounts closed during the year...............................
5,146
Amount deposited during the year, not including dividends
credited for that period.................................................................. $3,904,386 31
Amount withdrawn during the year................................................ 3,182,674 48
Amount of dividends credited and paid for the year, viz.:
July 1, 1918...........................................................................
January 1, 1919....................................................................

3186,642 28
193,049 62

Average amount of each account January 1, 1919.......................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of
record or of a surrogate................................................................
Total amount of such accounts........................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918......................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918..............................................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1918...............................
Dividends paid to depositors for the year 191$...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors............................................................................




379,091 90
446 24

4
$12,150 69
4
4
$574,339 16
61,046 80
379,623 41
133,668 95

262

R

eport

of

S a v in g s B

anks

113. THE QUEENS COUNTY SAYINGS BANK, FLUSHING
[80 Main street; incorporated 1859]
W ILLIAM T. JAMES, President.
ABRAM C. HAGEMAN, Cashier.FRANK A. COLLINS, Vice-President.
HENRY L. BOGERT, Treasurer.
JOHN HEPBURN, Vice-President.

TRUSTEES
HENRY L . BOGERT
LEW IS B. FRANKLIN,
E. COVERT HULST,
ABRAM C. HAGEMAN,
EDGAR BOWNB,

JOHN HEPBURN,
W ILLIAM T. JAMES,
FRANK A. COLLINS.
GEORGE B. LEW IS,
HARRISON S. MOORE,
JAMES H. QUINLAN,

DURWARD B. KENNEDY,
JAMES A . MACDONALD,
DAVID MASTER,
GEORGE O. HILDRETH,
GILBERT W . ROBERTS.

FINANCIAL
RESOURCES

$2,850,425 00

Bonds and m ortgages................... .
Stock and bond investments, viz.:
Stocks and bonds
United States ........................
Cities in other States............
Cities in this State...............
Towns in this State...............
Villages in this State............
School districts in this State
Railroad mortgage bonds—
Land Bank of the State of
New Y ork ...............................

value
$176,000 00
85,000 00
293,000 00
82,500 00
192,000 00
438,750 00
500,000 00

O riginal
Estimated
cost
market value
8176,000 00
$176,00000
91,039 25
84,30000
315,832 09
278,10500
86,56138
82,292 50
205,157 68
196,62925
459,450 38
450,50750
536,492 75
447,93000

80,000 00

80,649 92

81,848,150 00

$1,951,183 45

80,00000
81,795,764 26

1,795,764 25

Banking house and lot, book value, $56,000; cost, 63,765.88;
actual cash value ...........................................................................
Other real estate, book value, $75 ,2 0 0 ; cost, $78,789.53;
actual cash value ..........................................................................
Cash on deposit in banks or trust, companies.............................
Cash on hand.........................................................................................
Total of collectible interest..............................................................
Amount of all other assets, viz.:
Interest accrued on real estate contract.....................
Liberty Bonds held fo r custom ers and interest
accrued ................ ..........................................................
U. S. certificates o f indebtedness and interest
a ccru ed ..............................................................................

56,000 00
75,200
368,220
1,395
39,819

00
79
37
93

8313 50
16,724 00
100,^4 25

116,271 75
$5,303,097 09
LIAB ILITIES

Amount due depositors, viz.:
Principal .............................................................................. 84,819,117 82
Dividends credited o r to be credited fo r the six
86,939 69
months ending with December 31, 1918.....................

----------------- $4,906,057 51
Surplus on market value..................................................................
397,039 58
$5,303,097 09
Surplus on par value, $449,425.33.
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day...........................................
From depositors, not including- dividends credited...................
From interest on loans, deposits and investments.......................




$265,327 51
1,473,203 62
248,103 98

Q

From
From
From
From
From
From

ueens

263

C ounty

rents from other real estate.......................................
mortgages ............................... - ...................................
redemption of stocks and bonds.............................
stocks and bonds sold (total par value, $491.43)
real estate sold............................................................
all other sources, viz.:

Real estate sold under contract.
Interest on real estate sold.........
T h rift Stamps .................................
Liberty Bonds .................................
U. S. certificates................................

$891
113,250
34,800
491
10,552

37
00
00
43
50

$2,000 00

3,826 42
1,716 98
179,630 00
136,000 00

322,172 40
$2,468,792 81
PAYMENTS

To depositors, including dividends paid to them....................... $1,312,825 83
For loans on bonds and mortgages................................................
209,500 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $170,474.79).................................
176,474 79
For interest (other than dividend payments to depositors). . .
395 28
For current expenses of the bank, viz.:
F or salaries ........................................................................
For ta x es: Banking house, $1,097.52; surplus, $3,464.96
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
Insurance ......................................................................
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
T a x e s .....................•
........................................................
Other ..............................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$12,068 26
4,662 48
11016
44 70
798 48
477 16
643 79
2,670 84

21,270 85
Other payments, viz.:
T h rift Stamps......................................................................
Liberty B o n d s....................................................................
U. S. certificates.................................................................

$1,708 90
142,000 00
235,000 00

378,708 90
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day............................................

309,616 10
$2,468,792 81

STATISTICAL INFORMATION
Number of open accounts January 1, 1919...................................
10,509
Number of accounts opened or reopened during the year........
1,566
Number of accounts closed during the year...............................
1,872
Amount deposited during the year, not including dividends
credited for that period................................................................ $1,473,203 02
Amount withdrawn during the year.............................................. 1,312,825 83
Amount of dividends credited and paid for the year, viz.:
July 1, 1918...........................................................................
January 1, 1919...................................................................

$84,530 34
86,939 69

Average amount of each account January 1, 1919...................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918......................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918..............................................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1918.............................
Dividends paid to depositors for the year 1918...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors............................................................................




171.470 03
466 84
4
4
$247,913 27
21,270 85
171.470 03
55,172 39

RENSSELAER COUNTY

114. TROY SAYINGS BANK, TROY
[32-38 Second street; Incorporated 1823]
W ILLIAM H . SHIELDS, P resident
THOMAS VAIL, V ice-President

JAMES H. CALDWELL, Vice-President.
J. E. ANTHONY, Treasurer.

TRUSTEES
EDWARD C. GALE,
JAMES K. P. PINE,
THOMAS VAIL,
JAMES H. CALDWELL,
HARVEY S. McLBODT^
W ILLIAM H. SHIELDS,

PRANK B . NORTON,
HENRY S. LUDLOW,
W. L THOMPSON,
C. W. T. BARiKTSli,
ALBERT E. CLUETT,
HERBERT S. IDE.
DELMER RUNKLE,

JOHN PAINE,
PRANK B. TW INING,
HENRY WHEELER,
PAUL COOK,
HOBART W . THOMPSON,
W ILLIAM B. PREAR.

FINANCIAL
RESOURCES

Bonds and mortgages .................
Stock and bond investments, viz:
Stocks and bonds
United States ........................
State o f New York..................
State o f Tennessee..................
Cities in other States...........
Cities in this State................
Counties in this State............
V illages in this State...........
School districts in th is State
R ailroad mortgage b on d s....

$3,182,565 50

Par
value
$977,450 00
204,000 00
M0,000 00
2,002,000 00
2,128,712 20
317,500 00
66,000 00
38,000 00
2,779,000 00
$8,809,662 20

Original
Estimated
cost
market value
$977,45© 00
$977,450 00
' 214,970 00
215,400 00
308,783 88
307,900 00
2,082,813 20
1,946,330 00
2,237,752 47
2,102,203 96
323,942 79
305,220 00
66,345 00
64,680 00
38,000 00
36,480 00
2,883,645 82
2,372, M0 00
$9,133,703 16

$8,328,263 96

8,328,263 96
Banking bouse and lot, book value, $120,000; cost, $481,675;
actual eash value ...........................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand .......................................................................................
Total of collectible interest................................................................
Amount of all other assets, viz.:
Rent accrued ......................................................................
Taxes advanced .................................................................

8§g

120,000
574,730
72,664
159,490 87

$698 75
271 92

970 67
$12,438,685 80
LIABILITIES

Amount due depositors, viz.: Principal........................... ..............$11,367,856 44
Other liabilities, dividends accrued on deposits to January 1,
1919 ...................................................................................................
110,268 21
Surplus on market value....................................................................
960,561 15
$12,438,685 80
Surplus on par value, $1,441,959.39.
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day.........................................
[264]




$393,901 91

B

From
From
From
From
From
From
From

ensselaer

C

265

oun ty

depositors, not including dividends credited................... $2,120,401 71
interest on loans, deposits and investments.......................
525,912 77
rents from banking house......................................................
2,478 35
mortgages .........................................................
65,720 00
redemption of stocks and bonds...........................................
718,160 55
stocks and bonds sold (total par value, $512,800)..........
497,111 25
5,012 00
real estate sold ........................................................................
$4,328,698 54
PAYMENTS

To depositors, including dividends paid to them......................... $2,186,934 74
For loans on bonds and mortgages................................................
84,850 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $1,350,000)...................................
1,349,785 79
For interest (other than dividend payments to depositors). . .
2,423 26
For current expenses of the bank, viz.:
For salaries ........................................................................
For taxes: Banking house, $9,465.89 ; surplus, $9,620.70;
on mortgages, $196.50........................................................
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
Insurance .....................
Other ..............................................................................
For other expenses, not including expenses of other
real estate nor other expenses o f banking house..

$18,006 6?
19,283 09
2,769 35
750 08
2,176 86
8,547 04

----------------For real estate acquired by foreclosure, or in settlement of
debts due the bank........................................................................
Other payments, viz.: Taxes on mortgaged premises...............
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day............................................

51,533 09
5,522 44
254 42
647,394 80
$4,328,698 54

STATISTICAL INFORMATION
Number of open accounts January 1, 1919...................................
18,635
Number of accounts opened or reopened during the year----2,418
Number of accounts closed during the year...............................
2,474
Amount deposited during the year, not including dividends
credited for that period................................................................ $2,120,491 71
Amount withdrawn during the year.............................................. 2,186,934 74
Amount of dividends credited and paid for the year, viz.:
April 3, 1918.........................................................................
October 3, 1918....................................................................

$215,737 02
217,288 04

Average amount of each account January 1, 1919.......................
Rate per cent, of dividends to depositors during the six months
ending April 3, 1 9 1 8 ......................................................................
Rate per cent, of dividends to depositors during the six months
ending Oct. 3, 1918..........................................................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1918...............................
Dividends paid to depositors for the year 1918.........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors ........................................................................




433,025 06
610 27
4
4
$521,191 96
51,533 09
442,905 82
26,753 05

RICHMOND COUNTY
115. RICHMOND COUNTY SAYINGS BANK, WEST NEW BRIGHTON
[1619 Richmond terrace; incorporated 1886]
JOHN F. SMITH. President.
F. W. TOMPKINS. Treasurer.
AZEL F. MERRELL, Vice-President.
GEOROE H. TREDW ELL Secretary.
BENEDICT PARKER. Vice-President.

TRUSTEES
JOHN F. SMITH,
AZEL F. MERRELL,
BENEDICT PARKER,
GEORGE MATTHIUS,
FRANK W . TOMPKINS,

JOHN A. SNYDER,
GEO. H. TREDW ELL,
WM. J. DAVIDSON,
SAMUEL ECKSTEIN,

FINANCIAL

JOSEPH B MALOY,
>.
ALBERT K. BU H L
SAMUEL W. FANCHER,
MELVIN L. DECKER,
CHAS. B. SIMONSON.

RESOURCES

Bonds and mortgages..........................................
Stock and bond investments, viz.:
Par
value
$488,300 00
35,000 00
15,000 00
30,000 00
106,000 00
18,000 00
93,000 00
35,000 00
246,000 00

Stock* and bonds
United States ........................
State o f New York..................
State o f Louisiana..................
Cities in other States...........
Cities in this State................
Counties in this State............
Villages in this State...........
School districts in this State
Railroad mortgage bonds—

$1,066,300 00

$1,143,505 00

Estimated
Original
cost
market value
1488,300 00
$488,300 00
35.350 00
36,862 60
14,913 00
15,150 00
31,987 00
29.350 00
104,890 00
109,114 91
18,040 00
18,192 44
94,200 00
98,733 68
35.350 00
36,156 80
215,250 00
242,319 G
O
$1,076,579 83

$1,035,880 00

1,035,880 00
Banking bouse and lot, book value, $8,000; cost, $8,000; actual
cash value .........................................................................................
Other real estate, book value, $705; cost, $705; actual cash
value ...................................................................................................
Cash on deposit in banks or trust companies...............................
Cash cm hand .......................................................................................
Total of collectible interest..............................................................
Amount of all other assets, viz.:
Land contracts .................................................................
Interest accrued on bonds purchased...........................

8,000 00
705
228,486
60,395
16,950

00

43
73
08

$11,736 ©
784 62

12,520 31
$2,506,442 55
LIAB ILITIES

Amount due depositors, viz.:
Principal .............................................................................. $2,254,022 06
Dividends credited o r to be credited fo r the six
39,184 84
months ending w ith December 31, 1918.....................

$2,293,206 90
Other liabilities, viz.:
lib e rty Bond deposits.....................................................
Held for unknown depositors........................................

$85,135 60
197 00

................................................

Surplus on market value.

85,332 50
127,903 15
$2,506,442 55

Surplus on par value, $158,323.15.
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day.........................................
From depositors,not including dividends credited..................
From interest on loans, deposits andinvestments.....................
From rents from banking house...................................................
From mortgages
.........................................




1266]

$247,588
1,104,971
110,377
443
86,646

15
25
38
00
00

R

ic h m o n d

C oun ty

From redemption of stocks andbonds............................................
From stocks and' bonds sold (totalpar value, $240,650)...........
From real estate sold.......................................................................
From all other sources, viz.:
Land contract...............................................................
$7,975 67
Liberty Bond subscriptions........................................
287,957 50
Rebate on insurance.....................................................
45 75
150,000 00
U. S. certificates of indebtedness...............................
-----------------

267
$8,720 00
240,650 00
7,691 16

445,978 82
$2 ,2 5 3 ,065 76

PAYMENTS
To depositors, including dividends paid to them.......................
$861,709 01
For loans on bonds and mortgages..................................................
55,942 25
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total parvalue,$436,282.44)......................................
436,282 44
For interest (other
thandividendpayments to depositors). . . 2,362 77
For current expenses of the bank, viz.:
For salaries ..................................................................
$7,967 00
For taxes: Surplus, $1,509.45; onmortgages, $239A0..
1,748 95
For expenses, except taxes, of banking house:
Repairs...................... '.............................................
135 39
Insurance ................................................................
40 00
Other ........................................................................
10 45
For rent of banking rooms...........................................
840 00
For expenses of other real estate, viz.:
Insurance .................................................................
61 50
Taxes ........................................................................
625 91
Other .......................................................................
2,547 02
For other expenses, not including expenses of other
real estate nor other expenses of banking house..
162 50
------------------------------------ 14,138 72
For real estate acquired by foreclosure, or in settlement of
debts due the bank........................................................................
8,191 16
Other payments, viz.:
Advance payments Liberty Bonds...............................
138,300 00
Installment payments on libertyBonds withdrawn..
240,650 00
Insurance advanced ....................................................
107 25
Real estate contract....................................................
6,500 00
U. S. certificates...........................................................
200,000 00
----------------585,557 25
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day..............................................
288,882 16
$2,253,065 76
STATISTICAL INFORMATION
Number of open accounts January 1, 1919...................................
6,801
Number of accounts opened or reopened during the year........
1,288
Number of accounts closed during the year.................................
737
Amount deposited during the year, not including dividends
credited for that period................................................................ $1,104,971 25
Amount withdrawn during the year................................................
861,709 01
Amount of dividends credited and paid for the year, viz.:
July 1, 1918.....................................................................
$36,688 85
January 1, 1919...............................................................
39,184 84
------------------------------------ 75,873 69
Average amount of each account January 1,1919.......................
331 42
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918......................................................................
4
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918..............................................................
4
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts...........................
$110,956 22
Total expenses of the bank for the year 1918...............................
14,638 72
Dividends paid to depositors for the year 1918...........................
75,873 69
Net earnings for the year 1918 over expenses and dividends
paid to depositors..........................................................................
20,443 81




268

R

116.

eport

on

S a v in g s

B

anks

STATEN ISLAND SAVINGS BANK, STAPLETON
[ a W ater street; incorporated 1864]

EDWARD C. BRIDGMAN, President.
HERMAN C. HAGEDORN, Cashier.
EDUARD C. MEURER, Vice-President.
GEO. C. HALL, A ssistant Cashier.
GEO. S. HUMPHREY, Vice-President.

TRUSTEES
E. C. BRIDGMAN,
W ILLY SONNTA&,
W. HUDSON CLARK,
FEDOR SCHMIDT.
ALBERT C. EACH,
ERNST WEHNCKE,
OTTO LINDBMANN,

PATRICK BRADY,
ED. C. MEURER,
CHAS. A . BRUNS,
W ILLIAM L. VOORHIS,
EDMUND L. JUDSON,
GEO. S. HUMPHREY,
JOHN B. PEARSON,

J. EDW. STAKE,
WM. J. WELSH,
JOHN CARMICHEL,
OTTO J. THOMEN,
CARL F. GRIBSHABER,
ERNEST R. MOODY,
J. DWIGHT LEGGETT.

FINANCIAL
RESOURCES

Bonds and mortgages .....................
Stock and bond investments, viz.:
Stocks and bonds
value
$592,650 00
United States ........................
Cities in other States...........
344,000 00
Cities in this State...............
628,000 00
Counties in th is State...........
120,000 00
Towns in this State.............
25,000 00
20,000 00
Villages in this State...........
School' districts in this State
121,200 00
Railroad mortgage bonds_
_ 1,242,000 00
$2,992,850 00

$3,555,196 50
Original
Estimated
cost
market value
$592,660 00
$592,660 00
351,447 05
336,820 00
515,580 00
530,947 65
128,747 40
119,000 00
25,325 10
25,000 00
20,140 04
19,980 00
130,973 70
127,147 00
1,267,676 62
1,124,790 00
$3,047,906 56

$2,860,967 00

2,860,967 00
Banking house and lot, book value, $16,000; cost, $49,192.47;
actual cash v a lu e.............................................................................
Other real’ estate, book value, $27,733.86; cost, $27,733.86;
actual cash v a lu e .............................................................................
Cash on deposit in banks or trust companies.............................
Cash on hand .......................................................................................
Total of collectible interest................................................................
Amount of all other assets, viz.:
Liberty Bonds held fo r subscribers...............................
Insurance premiums and taxes advanced................

49,192 47
27,733
400,929
96,488
121,502

86

35
70
45

$227,275 00
527 79

227,802 79
$7,339,813 12
LIAB ILITIES
A m ount due d ep ositors, v iz .:
Principal .............................................................................. $6,610,826 08
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1918.....................
116,867 49

----------------- $6,727,693 57
Other liabilities, viz.:
Liberty Bond deposits....................................................
Deposits to secure payment o f insurance premiums
and taxes .........................................................................

$138,238 10
1,047 55

----------------Surplus on market value....................................................................

139,285 65
472,833 90
$7,339,813 12

Surplus on par value, $604,716.90.
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day.........................................




$342,306 13

R

From
From
From
From
From
From
From
From

ic h m o n d

269

C oun ty

depositors, not including dividends credited.....................$2,354, 723 34
interest on loans, deposits and investments.....................
326,415 17
rents from banking house....................................................
5,054 08
rents fromother real estate...................................................
1,615 80
mortgages
............................................................................
272,100 00
redemption of stocks and bonds...........................................
190,700 00
real estate sold .......................................................................
16,393 75
all other sources, viz.:

Subscribers to Liberty Bonds........................................
Bonds purchased for subscribers....................................
Insurance premiums, taxes and interest refunded..
Cash over ...........................................................................
Deposits on real estate sale...........................................
Fire loss mortgaged premises.........................................
W ithheld on loan closed.................................................
Liberty Bond coupon book stamps.................................
Coupons collected for custom ers.................................
Collection ite m s .................................................................

$852,187 10
2,650 00
5,003 00
344 71
25 00
2,500 00
1,500 00
9,992 00
4,108 55
2,797 22

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

881,102 67
$4,390,410 94

PAYMENTS

To depositors, including dividends paid to them....................... $1,860,546 55
For loans on bonds and mortgages................................................
355,550 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $713,650).......................................
713,650 00
For interest (other than dividend payments to depositors) . .
4,057 18
For current expenses of the bank, viz.:
For salaries .......................................................................
For taxes : Banking house, $1,213.15; surplus, $3,984.68;
on mortgages, $1,594.95...................................................
For expenses, except taxes, o f banicing house:
R ep a irs...........................................................................
Insurance ....................................................................
Other ............................................................................
For expenses o f other real estate, v iz .:
Repairs ...........................................................................
Insurance ....................................................................
Taxes ............................................................................
Other ............................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$26,189 48
6,792 78
1,289 72
196 59
2,416 48
1,174 34
84 70
404 42
160 60
11,094 09

49,803 20
For real estate acquired by foreclosure, or in settlement of
debts due the bank..........................................................................
O ther paym ents, v iz .:
Insurance, taxes and interest........................................
Cash short ..........................................................................
Return o f deposit, sale of real estate...........................
Amount withheld on loan...............................................
Fire insurance loss...........................................................
Collection ...........................................................................
lib erty Bond coupon book stamps..............................
Proceeds o f coupons paid to customers........................
Bonds purchased fo r subscribers.................................
Cancelled Liberty Bond subscriptions........................

17,175 78

$5,573 77
238 64
25 00
1,500 00
2,500 00
2,737 22
9,992 00
4,103 55
863,825 00
1,715 00

892,210 18
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day...........................................

497,418 05
$4,390,410 94

STATISTICAL INFORMATION
Number of open accounts January 1, 1919.................................
Number of accounts opened or reopened during the year........




17,408
2,686

2T0

R

eport

out

S a v in g s B

anks

Number of accounts1 closed during the year...............................
1,338
Amount deposited during the year, not including dividends
credited for that period.............................................................. $2,354,723 34
Amount withdrawn duringthe year.............................................
1,860,54ft 55
Amount of dividends credited and paid for the year, viz.:
July 1, 1918...........................'...............................................
January 1, 191»........... : .......................................................

$111,678 89
116,867 49

----------------Average amount of each accountJanuary 1, 1019.........................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of
record or of a surrogate................................................................
Total amount of such accounts........................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918......................................................................
Rate per cent, of dividends to depositors during the six .months
ending December 31, 1918..............................................................
Total earnings of the bank for the year 1918, after allowing for
amortization of premiums and discounts.................................
Total expenses of the bank for the year 1918.............................
Dividends pud to depositors for the year 1918 ...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors ...........................................................................




228,446 38
386 54

12

$37,360 25
4
4
$331,490 06
49,803 20
228,446 38
53,240 48

ST. LAWRENCE COUNTY

117.

ST. LAWRENCE COUNTY SAVINGS BANK, OGDENSBURG
[79 State street; incorporated 1909]

ANDREW IRVING. President.
JAMES E. KELLY. Treasurer.
G. C. M ADILL, Vice-President.
JOSEPH W . FLEMING, Secretary
R. H. HUTCHINGS. Vice-President.

TRUSTIES
ERNEST M. AKINS,
FRANK W. AMES,
FRANK CHAPMAN,
GEORGE F. DARROW,
ROBT. J. DONAHUE,
EDGAR B. ELETHORP,
JOHN T. HANNAN,
JOHN C. HOWARD.

RICHARD H. HUTCHINGS, JOHN B. TYO,
ANDREW IRVING,
GEO. B. VAN KENNEN.
WALTER G. KELLOGG,
JAMES M. WELLS,
JAMES E. KELLY,
ABNER D. WHITNEY,
SAMUEL W. LEONARD,
DENNIS B. LUCEY,
WILLIAM B. WHITFORD,
DENNIS LYNCH,
THOMAS SPRATT,
GRANT C. MADILL,
CHAS. D. RANDLES,
JOSEPH W . FLEMING.
FELIX HULSER,

FINANCIAL
RESOURCES

$400,100 01

Bonds and mortgages .....................
Stock and bond investments, viz.:
Par
value
8199,150 00
88,000 00
95,270 18
10,000 00
90.000 00
42,080 00
28.000 00
244,000 00

Estimated
Original
cost
market value
8109,150 00
8109,150 00
89,484 26
86,490 00
95,486 36
96,092 53
10,295 73
10,400 00
21,125 00
20,854 16
42,688 00
42,885 43
28,535 75
28,210 00
235,348 75
214,830 00

8834,500 18

Stocks and bonds
United States ........................
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—

8632,646 61

8608,379 36

Other real estate, bods value, $854.73; cost, $854.73; actual
cash value ........................................................................................
Cash on deposit in banks or trust companies.............................
Cash on hand.......................................................................................
Total of collectible interest..............................................................
Amount of all other assets, viz.: Insurance premiums and
taxes advanced.................................................................................

608,379 36
854
70,581
1,930
13,260

73
64
72
95

654 71
$1,104,763 02

LIAB ILITIES
A m ount due d ep ositors, v iz .:
Principal ..............................................................................fl,035,368 98
Dividends credited o r to be credited fo r the six
18,797 97
months ending w ith December 31, 1918......................

----------------- $1,052,156 95
Other liabilities, viz.: Liberty Bond deposits.............................
17,299 00
Surplus on market value..................................................................
35,307 07
$1,104,763 02
Surplus on par value, $61,427.89.




[271]

27 2

R

eport

on

S a v in g s B

anks

CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day............................................
From depositors, not including dividends credited...................
From interest on loans, deposits and investments...................
From mortgages ......................... .......................................................
From redemption of stocks and bonds............................................
From stocks and bonds sold (total par value, $188,300.00)----From all other sources, viz.:
Cash over ...........................................................................
Insurance premium advanced refunded.....................
lib e rty Loan installm ents..............................................

$67,212
356,374
49,167
57,346
22,900
188,222

77
26
43
39
00
00

$67 99
5 00
63,560 23

63,633 22
$804,856 07
PAYMENTS

To depositors, including dividends paid to them.......................
For loans on bonds and mortgages................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $212,740.00)....................................
For interest (other than dividend payments to depositors). .
For current expenses of the bank, viz.:
For salaries .......................................................................
F o f ta x es: Surplus.........................................................
F or rent o f banking room s..............................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$412,546 00
26,791 46
211,855 58
945 66

15,102 93
131 20
654 00
1,339 98

7,228 11
For real estate acquired by foreclosure, or in settlement of
debts due the bank.........................................................................
Other payments, viz.:
Insurance premiums and taxes advanced....................
Cash s h o r t...........................................................................
lib e rty Loan installm ents..............................................

854 73

$647 71
9B 96
62,378 60

63,122 17
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day............................................

81,512 36
$804,856 07

STATISTICAL INFORMATION
Number of open accounts January 1, 1919...................................
Number of accounts opened or reopened during the year----Number of accounts closed during the year..............................
Amount deposited during the year, not including dividends
credited for that period................................................................
Amount withdrawn during the year............................... ..............
Amount of dividends credited and paid for the year, viz.:
July 1, 1918...........................................................................
January 1, 1919....................................................................
CrecHted a t other periods.................................................

$17,159 73
16,797 97
274 31

Average amount of each account January 1, 1919......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918.....................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918...................................................... ..
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts.........................
Total expenses of the bank for the year 1918...............................
Dividends paid to depositors for the year 1918...........................
Net turnings for the year 1918 over expenses and dividends
paid to depositors.............................................................................




3,655
473
704
$356,374 26
412,546 00

34.232 01
287 86

m
3%
$51,536 44
7,228 11
34.232 01
1 0,076 32

SCHENECTADY COUNTY

118.

SCHENECTADY SAYINGS BANK, SCHENECTADY
[500 State street; Incorporated 1834]

EVERETT SMITH, President.
WM. L. PEARSON. Vice-President.
ALLEN W. JOHNSTON, Treasurer.

TRUSTEES
EVERETT SMITH,
WILLIAM L. PEARSON,
DAYTON L. KATHAN,
HENRY BEADT,

ALLEN W. JOHNSTON.
GEORGE E. EMMONS,
HERMAN V. MYNDERSE. H. ROGER HEGEMAN,
LEW IS A. SKINNER,
CHAS. WASHBURN,
f . w. McCl e l l a n ,
JOHN G. BARRY.
W ILLIAM DALTON,

ITNANOIAL
RESOURCES

Bonds and mortgages.......................
Stock and bond investments, viz.:

$5,695,950 11

Par
Stocks and bonds
value
United States ..........................$3,068,002 77
State o f Alabama..................
25,000 00
State o f M assachusetts........
50,000 00
Cities in other States........... 1,147,904 00
Cities in this State............... 1,270,790 23
Counties in this State...........
443,000 00
Towns in this State..............
119,000 00
228,100 00
Villages in this State...........
School districts in this State
34,000 00
Railroad mortgage bonds—
1®, 000 00
$6,510,887 00

Original
Estimated
cost
market value
$3,068,075 80 $3,068,092 77
26,695 00
24.500 00
49,000 00
43.500 00
1,189,728 02
1,102,471 12
1,306,538 85
1,259,028 79
465,963 50
442,760 00
121,512 78
124,400 00
230,721 29
230,508 00
35,256 12
34,920 00
118,687 50
100,250 00
$6,612,178 86

$6,430,430 68

6,430,430 68
Banking house and lot, book value, $100,000; cost, $76,050.27;
actual cash value.............................................................................
Other real estate, book value, $6,085.12; cost, $6,085.12;
actual cash v alu e.............................................................................
Gash on deposit in banks or trust companies.............................
Gash on hand .......................................................................................
Total of collectible interest..............................................................
Amount of all other assets, viz.:
U. S. T h rift Stamps...........................................................
Rebates — adjustm ent W. S. S', and certificates........
Cash from December sales W. S. S. and certificates

$25,023 85
2,130 32
12,788 64

76,050 27
6,085
777,703
198,058
199,885

12
51
84
90

39,942 71
$13,424,107 14

LIABILITIES

Amount due depositors, viz.:
Principal ..............................................................................$10,433,085 01
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1918.....................
161,200 78

$10,594,285 79

Other liabilities, viz.:
Liberty Bond1 deposits and accrued interest............... $600,181 49
B ills payable — Liberty Bond and W. S. S. L oans.. 1,602,061 21
Deposits — junior departm ent.........................................
13144

----------------Surplus on market value....................................................................

2,202,374 14
627,447 21
$13,424,107 14

Surplus on par value, $707,903.53.




[273]

274

R

eport

of

S a v in g s B

anks

CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in. banks or trust companies January 1,
1918, before transactionsof the day............................................
$616,191
From depositors, notincludingdividends credited.....................
6,223,494
From interest on loans,
deposits and investments...............
446,290
From rents from other real estate.................................................
334
From mortgages...................................................................................
278,842
From redemption of stocks and bonds........................................ 2,057,850
From stocks and bonds
sold
(total parvalue$412,171.95)..404,331
From real estate sold........................................................................
3,747
From all other sources, viz.:

52
32
42
00
50
34
95
06

Junior department — w ithout interest..........................
$87 63
Exchange on travelers’ checks........................................
2 96
Suspense account ..............................................................
100 71
M ortgage taxes and insurance.....................................
936 96
Over credit, error and duplication, interest adjust­
ments .................................................................................
16 66
W ar certificates, difference in rating...........................
10 39
T o bring to par U. 8. Bonds purchased over window
16 97
U. S. Certificates and1T hrift Stamps...........................
230,969 12
Interest U. 8. Liberty Loans and m ortgages...............
63,671 18
U. S. Liberty Loan M ila payable..................................... 2,270,100 00

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

2,565,911 56
$12,506,993 67

PAYMENTS

To depositors, including dividends paid to them......................... $5,227,893 99
464,610 00
For loans on bonds and mortgages................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $3,470,905.15)...............................
3,473,323 22
1,129 50
For interest (other than dividend payments to depositors). .
For current expenses of the bank, viz.:
F or salaries ...................................... - ...............................
F or ta x es: Banking house, $4,497.46; surplus, 4,190.96
For expenses, except taxes, o f banking h ouse:
Repairs .........................................................................
For expenses o f other real estate, v iz .:
Repairs .........................................................................
Insurance .....................................................................
Taxes ............................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$41,003 81
8,688 42
64 26
667 66
23 44
222 37
4 60
12,063 43

62,637 78
For real estate acquired by foreclosure, or in settlement of
debts due the bank..........................................................................
Other payments, viz.:
U. S. certificates, and T h rift Stamps.............
Suspense account ..............................................
Junior department (w ithout in terest)..........
M ortgage taxes and insurance......................
Notes and interest TJ. S. Bonds and Loans.
Short credit interest.........................................
Interest on dormant accounts.........................
M iscellaneous ......................................................
Paving ..................................................................
Difference on sale o f property.........................

4,089 71

$196,863 32
32 90
101 72
1,397 89
2,187,619 70
68 S3
641 39
13 10
648 23
280 04

2,387,547 12

Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day............................................




975,762 35

$ 1 2 ,5 9 6 ,9 9 3 67

S chenectady C

275

oun ty

STATISTICAL INFORMATION
43,875
Number of open accounts January 1, 1919.................................
Number of accounts opened or reopened during the y ear.. . .
9,363
Number of accounts closed during the year.................................
8,204
Amount deposited during the year, not including dividends
credited for that period................................................................ $4,552,014 33
Amount withdrawn during the year.............................................. 3,913,882 38
Amount of dividends credited and paid for the year, viz.:
July 1, 1918...............................................................................
January 1, 1918........................................................................

$153,099 79
170,595 96

----------------Average amount of each account January 1, 1919...................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918..................................... .................. .-..........
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918............................................................
Total earnings of the bank for the year 1918, after allowing for
amortization of permiums and discounts...................................
Total expenses of the bank for the year 1918.............................
Dividends paid to depositors for the year 1918 ...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors ..........................................................................




323,695 75
237 79
3%
3%

$482,250 56
71,221 95
323,695 75
87,332 86

SENECA COUNTY
119. THE SENECA FALLS SAVINGS BANK, SENECA FALLS
[76 Fall s tr e e t; incorporated 1870]

T. JEFFERSON YAWGER, President.
HORACE D. KNIGHT, Vice-President.
ELIAS LESTER, Vice-President.
& ROMAYNE SOMERS, Treasurer.
HAMILTON GARNSEY, Vice-President.
EDWARD W. ADDISON, Asst. Treas,

TRUSTEES
EDWARD W. ADDISON,
HAMILTON GARNSEY,
CHAS. F. HAMMOND,
HORACE D. KNIGHT,

ELIA S LESTER,
JOHN C. DAVIS,
CLAUDE L. PALMER,
c a . Ma c d o n a l d ,
.
HENRY R. MICKS.

E. W ILLIAM MEDDEN,
FRED L. STORY,
ALBERT P. HANEY,
T. JEFFERSON YAWGER

FINANCIAL
RESOURCES

Bonds and m ortgages.........................................................................
Stock and bond investments, viz.:
Par
value
$39,634 00
5,000 00
10,000 00
24,000 00
30,000 00
20,167 50
5,500 O
ft
136,500 00
28,010 O
ft
316,000 00

Stocks and bonds
United States ........................
State o f Arizonia...................
State o f M ississippi...............
Cities in other States...........
Cities in this State...............
Counties in this State...........
Towns in this State...............
Villages in this State...........
School districts in thisState
Railroad mortgage bonds—

$612,841 50

$338,720 88

Original
Estim ated
cost
market value
$39,634 00
$39,634 00
5,103 25
5,100 00
10,355 00
10,000 00
24,727 60
24.100 00
30,348 75
29.100 00
20,709 50
20,418 34
5,558 93
5,510 00
139,856 33
137,872 50
28,565 45
25,750 80
317,219 51
276, MO 00
$620,078 32

$573,785 64

573,785 64
597 00

Promissory notes .................................................................................
Banking house and lot, book value, $19,000.00; cost, $19,834.52; actual cash value..............................................................
Other real estate, book value, $8,000.00; cost, $11,485.15;
actual cash v a lu e.............................................................................
Cash on deposit in banks or trust companies.........................
Cash on hand............................................................................. ..........
Total of collectable interest.............................................................
Amount of all other assets, viz.:
Land contract.....................................................................
Furniture and fixtures......................................................
Insurance and taxes advanced........................................
Premium account................................................................

19,000 00
11,485
136,306
8,920
12,091

15
16
90
07

$550 00
4,000 0ft
34131
439 66

5,333 67
$1,106,339 47
LIAB ILITIES

Amount due depositors, viz.:
Principal .............................. ........................................... $1,032,614 I®
Dividends credited or to be credited fo r the six
months ending with December 31, 1918.......................
18,920 71

Surplus on market value..................................................................

$1,051,535 30
54,804 17
$1,106,339 47

Surplus on par value, $03,860.03.
CASH TRANSACTIONS DURING THE YEAR 1918
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day..........................................
[276]




$109,039 40

Seneca

From
From
From
From
From
From
From
From
From

277

C oun ty

depositors, not including dividends credited...................
interest on loans, deposits and investments.....................
rents from banking house....................................................
rents from other real estate................................................
m ortgages..................................................................................
redemption of stocks and bonds.........................................
stocks and bonds sold (total par value, $8,300)...............
loans paid .................................................................................
all other sources, viz.:

T h rift Stamps......................................................................
Taxes and insurance advanced, refunded....................
Sundries ..............................................................................

$372,644
49,942
410
994
28,707
15,518
8,300
4,770

63
41
00
07
39
50
00
00

f 1,732 72
646 55
18 96

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

2,399 23
$592,725 63

PAYMENTS

To depositors, including dividends paid to them.......................
$368,900 69
For loans on bonds and mortgages.................................................
40,050 00
For loans on stocks and bonds and othersecurities...................
5,367 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $23,290)......................................
23,290 00
For interest (other than dividend payments to depositors) . .
87 86
For current expenses of the bank, viz.:
For salaries....................................................................
$4,040 00
For taxes: Banking house, $385.05; surplus, $415.95;
on mortgages, $159.00..................................................
960 00
For expenses, except taxes, of banking house:
Repairs ....................................................................
13 41
Insurance .................................................................
11 M
i
Other ........................................................................
293 64
For expenses of other real estate, viz.:
Repairs.....................................................................
205 65
Taxes ........................................................................
328 61
Other........................................................................
102 16
For other expenses, not including expenses of other
real estate nor other expenses of banking house..
87656
----------------6,829 92
Other payments, viz.:
Insurance and taxes advanced.....................................
$307 38
Thrift and War Savings Stamps.................................
2,566 72
------------------------------------ 2,874 10
Cash on hand and in banks or trust companies December 31,
1918, after transactions of the day............................................
145,326 06
$592,725 63
STATISTICAL INFORMATION
Number of open accounts January 1, 1919.................................
Number of accounts opened or reopened during the year----Number of accounts closed during the year...............................
Amount deposited during the year, not including dividends
credited for that period................................................................
Amount withdrawn during the year..............................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1918.....................................................................
$18,761 71
January 1, 1919...............................................................
18,920 71
------------ —
Average amount of each account January 1, 1919......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1918......................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918..............................................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts...........................
Total expenses of the hank for the year 1918...............................
Dividends paid to depositors for the year 1918 ...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors.............................................................................




3,134
557
549
$372,644 63
368,900 69

37,682 42
335 52
4
4
$50,658 59
6,829 92
37,682 42
6,146 25

SUFFOLK COUNTY

120.

RIVERHEAD SAVINGS BANK, RIVERHEAD
[M ain street; incorporated 1872]

USHER B. HOWELL, President.
OTIS G. PIK E Secretary.
GEORGE M. VAIL, Vice-President.
FRED RIBSDORPH, A sst Secretary.
ERASTUS F. POST, V ice-President

TRUSTEES
TIM OTHY M. GRIPPING, HENRY H. PRESTON,
GEORGE W. COOPER,
ERASTUS P. POST,
GEORGE M. VAIL,
NAT. S. TUTHILL,
USHER B. HOWELL,
GEORGE H. PERKINS.
THAD. N. BENJAMIN,
P. PORTER HOWELL,
OTIS G. PIK E,
JACOB MEYER,
PRANK H. WELLS.

O. EDMUND GRISWOLD,
ABRAM S. POST,
W ILLIS D. VAN BRUNT,
GILBERT D. ROGERS.
EDWIN D. FISHEL,
ERNEST W . TOOKEB,
ALEXANDER B. SOYARS.

FINANCIAL
RESOURCES

Bonds and mortgages,....................................................................... $5,038,373 88
Stock and bond investments, viz.:
Stocks and bonds
United States...........................
Cities in other States............
Counties, villages and towns
in adjoining States.............
Cities in this State................
Counties in this State............
Towns in this State...............
Villages in this State...........
School districts in this State
Railroad mortgage b on d s....

Par
value
$485,400 00
365,000 00
40,000 00
470,500 00
16,000 00
94,000 00
222,019 84
323,446 50
200,000 00
$2,216,366 34

Original
Estim ated
cost
market value
$484,816 00
$485,40000
383,512 45
359,95000
42,358
490,477
16,120
98,342
228,624
343,098
220,512

20
03
20 ,
27
58
68
50

$2,307,861 91

43,52800
472,70250
16,080 00
99,96930
226,54823
333,10818
162,00000
$2,199,286 81

— .............. ............. Banking house and lot, book value, $25,000.00; cost, $50,043.29; actual cash value................................................................
Other real estate, book value, $94,771.83; eost, $94,771.83;
actual cash v a lu e .............................................................................
Cash on deposit in banks or trust companies......................
Cash on hand....................................................................... ; ..............
Total of collectible interest................................................................

2,199,286 81
25,000 00
94,771 83
726,201 35
95,244 33
90,177 50
$8,269,057~70

LIABILITIES

Amount due depositors, viz.:
Principal .............................................................................. $6,781,280 68
Dividends credited or to be credited fo r the six
months ending with December 31, 1918.....................
136,406 79

Surplus on market

value...........................................

----------------- $6,917,687 37
1,351,370 33
$8,269,057 70

Surplus on par value, $1,368,449.86.
CASH TRANSACTIONS DURING THE YEAR 1918
BBCEIPTS

Cash on hand and in banks or trust companies January 1,
1918, before transactions of the day..........................................
[278]




$852,670 18

S

From
From
From
From
From
From
From
From
From
From

uffolk

279

County

depositors, not including dividendscredited....................... $1,118,251
405,409
interest on loans, deposits andinvestments.......................
rents from banking bouse ...................................................
2,833
rents from other real estate.................................................
7,562
mortgages..................................................................................
219,514
redemption of stocks and bonds...........................................
425,589
stocks and bonds sold (total par value, $195,000)...........
195,735
loans paid .................................................................................
100
real estate sold............................................*..........................
109,363
all other sources, viz.:

W aste paper and card Index...........................................
Profit, exchange o f Liberty Bonds..............................

49
59
00
48
16
32
46
00
20

$20 96
23 21

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

44 17
$3,337,073 05

PAYMENTS

To depositors, including dividends paid to th em ..
$1,209,498 58
For loans on bonds and mortgages...........................
276,846 86
For loans on stocks and bonds and other securities
100 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $930,400).......................................
932,939 76
For interest (other than dividend payments to depositors). . .
1,988 05
For current expenses of the bank, viz.:
For salaries.........................................................................
For ta xes:
Banking house, $1,005.57; surplus,
$12,587.72; on mortgages, $60.00....................................
For expenses, except taxes, o f banking house:
Repairs ...........................................................................
Other ..............................................................................
For expenses o f other real estate, v iz .:
R ep a irs...........................................................................
Insurance ......................................................................
Taxes ..............................................................................
Other ..............................................................................
For other expenses, not including expenses o f other
real estate nor other expenseso f banking house..

$15,624 47
13,653 29
205 26
2,794 26
1,909
238
3,702
1,669

98
12
27
43

3,301 51

43,098 58
For real estate acquired by foreclosure, or in settlement of
debts due the bank........................................................................
Gash on hand and in banks or trust companies December 31,
1918, after transactions of the day...........................................

51,155 54
821,445 68
$3,337,073 05

STATISTICAL INFORMATION
Number of open accounts January 1, 1919.................................
9,864
921
Number of accounts opened or reopened during the year........
Number of accounts closed during the year.................................
835
Amount deposited during the year, not including dividends
credited for that period.................................................................. $1,118,251 49
Amount withdrawn during the year.............................................. 1,209,498 58
Amount of dividends credited and paid for the year, viz.:
July 1, 1918...........................................................................
January 1, 1919....................................................................

$136,600 22
136,406 79

Average amount of each account January 1, 1919.....................
Rate per emit, of dividends to depositors during the six months
ending June 30, 1918................... ...................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1918..............................................................
Total earnings of the bank for the year 1918, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1918.............................
Dividends paid to depositors for the year 1918...........................
Net earnings for the year 1918 over expenses and dividends
paid to depositors ..........................................................................




273.007 01
701 30
4 and 4 %
4 and 4%
$414,166 45
45,836 71
273.007 01
95,322 73

280

R
121.

eport

oh

S a v in g s

B

ahks

SAG HARBOR SAVINGS BANK, SAG HARBOR
[M ain street; incorporated I860]

W ILLIAM D. HALSEY, President.
EVERETT L. TINDALL, Treasurer.
WM. R. REIMAN, Vice-President.
JOHN Y. CORWIN, Asst. Treasurer.
CLIFFORD J. FOSTER, Vice-President.

TRUSTIES
JOHN M. WOODWARD,
ALBERT H. ROGERS,
BURTON D. CORWIN.
S k lT J I1 JP- NICKERSON, ED. B. H ILL,
H fT T
NRY F. COOK,
FRANK W. CORWIN,
S* GREENE,
ADDISON M. COOK,
EVBRBTT L. TINDALL,
EDWARD A. HILDRETH,
W ILLIAM R. REIMAN,
W ILLIAM D. HALSEY,
OLIN M. EDWARDS,
EDGAR A. HILDRETH,
CORWIN,
CHARLES W. RACKETT,
CASPER SCHAEFER,
JAMES H. MULFORD,

CHAS. W . RACKETT. J b.,
HENRY SCHWENK,
JONATHAN BAKER,
W ILLIAM H. PIERSON,
CLIFFORD J. FO STER
WM. H . BARNES.
J. HERVBY TOPPING.
JOHN NUGENT,
WM. H. STAFFORD,
GEORGE H. HAND.

FINANCIAL
RESOURCES

Bonds and mortgages ........................................................................
Stock and bond investments, viz.:
,
. .
Stocks and bonds
United States...........................
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
$120,329 68
116,000 00
63, (W 00
0
5,000 00
24,000 00
59,400 00
103,000 00
190,000 00

Original
Estimated
cost
market value
$120,328 56
$120,329 68
125,311 30
112,530 00
65,311 01
57,680 00
5,141 00
4,900 00
25,368 00
23,040 00
61,522 00
60,255 00
110,582 03
109,412 50
195,662 50
159,150 00

$680,729 68

$709,126 40

$1,436,035 00

$647,297 18

= = = = = = = = = = = = - ................
Banking house and lot, book value, $29,950.00; cost, $47,465.56; actual cash value............................................................
Other real estate, book value, $108,219.48; cost, $108,219.48;
actual cash value ................................