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ANNUAL REPORT
OF THE

SUPERINTENDENT OF BANKS
R E L A T IV E

TO

Savings and Loan Associations

F o r t h e Y e a r 1913

T R A N S M IT T E D TO T H E LEG ISLATU RE M A R C H 14,1914




ALBANY
J .B. L Y O N C O M P A N Y , P R IN T E R S

1914




S t a t e of N ew Y ork
N o. 45.

IN ASSEMBLY
M a r c h 14, 1914.

REPORT
OF THE

SUPERINTENDENT OF BANKS RELATIVE TO SAVINGS AND
LOAN ASSOCIATIONS

STATE OF N E W Y O R K :
B a n k in g D e p a r t m e n t ,
A l b a n y , March 14, 1914.
To the Honorable the Speaker of the A ssem bly:
S i r .— In accordance with the provisions of the banking law,
I have the honor to transmit to the Legislature the annual report
of this Department, relative to savings and loan associations, for
the year ending December 31, 1913.




V ery respectfully yours,
G E O . C. V A N T U Y L , J R .,
Superintendent of Banks.




REPORT
To the Legislature:
In pursuance of the Banking Law, I take pleasure in present­
ing that portion of the annual report of this Department which
relates to savings and loan associations.
Notwithstanding the general reactionary tendencies, the year
1913 was upon the whole the most satisfactory which the savings
and loan associations of the State of New Y ork have ever ex­
perienced.

Tor the first time in sixteen years, there has been an

increase in the number of associations of this character and
their

aggregate resources increased over five million

dollars.

It was, moreover, in other ways, a year of peculiar satisfac­
tion for those who have been responsible for the development of
truly co-operative associations in this state, and one that prom­
ises a much greater development of their ideas than has heretofore
been deemed possible.

For years they have endeavored to so per­

fect the system under which such associations have been organ­
ized and developed in this State as to place the movement upon
a broad and permanent foundation, to afford to all the people of
the state an ideal system of savings, and, at the same time enable
the associations to make loans upon real estate security upon such
terms as would encourage home building and the development of
the resources of the state to the fullest extent possible.

They have

dreamed of the time when it might be possible through a central
organization to obtain funds for the purpose of making loans of
this character at a low rate of interest and to shift funds available
for loaning purposes from sectio n of the state, where temporarily
there was no great demand for money for such purposes, to other
sections where the demand was greater.




[5]'

6

A nnual R eport

oe the

For many years commissions and independent students of eco­
nomics and financial reform have been investigating the various
co-operative systems of different European countries, and espe­
cially those of Germany, with the idea of introducing those systems
into this country, but, after the most serious consideration of the
principles upon which foreign systems of co-operative finance
were based and the methods practiced by them, some of the most
intelligent observers have reached the conclusion that the article
of the Banking Law of this State relating to savings and loan
associations embodies a better system of cooperative finance and
one more adapted to the needs of this country than any of the
European systems, and that it can be adapted as advantageously
to the needs of the farmers of this State as to the needs of the
wage-earners and home-builders of our cities and villages.
A s a result of conferences between representatives of the sav­
ings and loan associations of the State and representatives of the
State Agricultural Society, a bill providing for a central organiza­
tion to be known as a land bank was introduced in the Legislature
last year and passed the Senate, but, owing to the fact that it was
not introduced until comparatively late in the session and that
other matters were attracting the attention of the Legislature at
that time, it did not become a law.

The essential provisions of

that bill have been developed and perfected and embodied in the
proposed revision of the Banking Law, which has been submitted
to the Legislature for its consideration, and a separate bill along
substantially the same lines has been introduced as an independent
measure.
The outlook for such associations is extremely encouraging,
and it would seem that the many years spent in perfecting the
system and in ridding it of

its

excrescences have not been

wasted.

Associations Organized During the Year.
The following associations were organized during the year in
different

sections

business:




of

the

State

and

authorized

to

commence

S uperintendent

of

B anks .

n

Voorheesville Savings and Loan Association..........................................
The Co-operative Savings and Loan Association of Ham burg...........
East Buffalo Savings and Loan Association...........................................
Williamsville Savings and Loan Association..........................................
Little Falls Building, Savings and Loan Association...........................
Kings County Savings and Loan Association........................................
Manhattan Savings and Loan Association.............................................
Castleton Building, Savings and Loan Association..............................
Wallkill Valley Savings and Loan Association......................................

Voorheesville.
Hamburg.
Buffalo.
Williamsvlle.
Little Falls.
Brooklyn.
New Y ork City
Castleton.
Wallkill.

Although a very careful investigation is now made before an
authorization certificate is issued to any such association, this is
the largest number of associations authorized to commence busi­
ness in a single year since 1894.
Associations Which H ave Voluntarily Discontinued Business.
It has not been found necessary during the year for the super­
intendent of banks to close any such association.

In addition to

the Rochester Permanent Savings and Loan Association and the
Hudson Co-operative Savings and Loan Association, which were
mentioned in last year’s report, the Rochester Savings and Loan
Association, and the Citizens Permanent Savings and Loan Asso­
ciation, of Rochester, discontinued business during the year.
The members of the Rochester Savings and Loan Association
received much more than the book value of their shares.

The

liquidation of the Richmond Avenue Permanent Dim e Savings
and Loan Association of Buffalo has been completed since the
close of the year.
Associations in Liquidation.
There are still carried upon the books of this department a
number of associations which are no longer engaged in active busi­
ness.

In a number of them liquidation has been substantially

completed.
Elmira Mutual Building-Loan Association................................................
Elm Permanent Loan Association.................................................................
Security Loan Association..............................................................................
Western Savings and Loan Association.......................................................
Co-operative Building Bank...........................................................................
Harlem River Building, Loan and Savings Association..........................
Mount Morris Co-operative Building and Loan Association.................
Produce Exchange Building and Loan Association..................................
Safety Co-operative Building, Loan and Savings Association of New
York C it y ......................................................................................................




Elmira.
Buffalo.
Rochester.
Rochester.
New York.
New York.
New York.
New York.
New York.

8

A nnual R eport

of the

Industrial Savings and Loan Company.
The Industrial Savings and Loan Company, which was closed
by the Superintendent of Banks on June 29, 1912, paid a first
dividend of fifteen per centum to creditors on December 13, 1913.
The Department during the year succeeded in obtaining title
to a large portion of the real estate covered by the mortgages held
by the company, and has entered upon a campaign of selling this
real estate direct to the public.

The indications are that the

Department will be able to dispose of a large part of the property
during the spring and summer, and will be able to make a further
payment to shareholders from the proceeds during the latter part
o f 1914.
A t the time of closing there was due to creditors of the com­
pany approximately two million five hundred thousand dollars.
The dividend of fifteen per centum already paid called for the
disbursement of about three hundred and seventy thousand dol­
lars.

The remaining assets of the company are tied up either in

real estate or in mortgages on real estate which are in process
of foreclosure.

Approximately five thousand two hundred claims

have been filed with the department by creditors of the company
scattered over the United States and foreign countries.
The liquidation is being conducted on as economical lines as
possible, and the percentage cost of such liquidation on the amount
of the company’s assets at the time the Superintendent of Banks
took possession of its affairs was approximately two and threequarters per centum, on December 31, 1913.




S uperintendent

of

9

B atiks,

Distribution by Counties and Changes in Resources as Reported.
The following table shows the wide distribution of the two
hundred and forty-one associations of the State and the uniform
prosperity which such associations have experienced during the
year:

COUNTY.

Albany......................................
Bronx........................................
Cattaraugus..............................
Chautauqua..............................
Chemung...................................
Columbia...................................
Cortland....................................
Delaware...................................
Dutchess...................................
Erie............................................
Franklin....................................
Genesee.....................................
Greene.......................................
Herkimer...................................
Jefferson....................................
Kings.........................................
Madison....................................
Monroe......................................
Nassau.......................................
New York..................................
Niagara.....................................
Oneida.......................................
Onondaga..................................
Ontario......................................
Orange.......................................
Orleans......................................
Oswego......................................
Otsego........................................
Queens.......................................
Rensselaer.................................
Richmond.................................
Rockland...................................
St. Lawrence.............................
Saratoga....................................
Schenectady..............................
Steuben.....................................
Tioga.........................................
Ulster........................................
Warren......................................
Washington...............................
Westchester...............................
Totals................................

Number
of
associa­
tions.

R e po rted R esou rces.

Increase.

Decrease.

Dec. 31,1912. Dec. 31,1913.

$1,109,053
198,341
949,323
229,680
1,079 i 484
446,423
1,798,278
304,029
33,877
45,046
15,507
560,957
6,384,194
95,533
515,323
153,659
698,766
493,752
9,864,847
193,307
2,646,130
396,863
8,638,916
1,915,945
4,011,452
230,576
682,569
2,152,868
316,894
1,401,109
488,090
873,844
3,251,544
4,037,221
1,591,119
1,641,638
57,398
818,402
1,345,389
205,058
343,431
498,778
12,785
1,502,242
20,350

$87,649

241 $59,040,511 $64,249,990

$5,221,348
5,209,479

6
1
6
2
3
3
3
1
2
2
1
1
31
1
1
1
4
2
28
2
18
3
32
3
5
2
1
9
2
5
1
'7
5
12
6
5
1
1
6
1
4
1
1
8
1

$1,021,404
200,794
*929,761
233,727
925;317
402,723
1,675,438
309,002
22,646
32,972
9,937
551,635
5,686,902
88,524
481,891
139,255
638,403
454,780
9,394,344
191,863
2,366,880
365,997
7,943,822
1,646,276
3,796,843
219,236
591,181
1,949,747
284,082
1,231,763
437,962
838,053
2,811,503
3,698,318
1,480,672
1,572,573
41,561
728,349
1,217,563
179,351
338,571
438,341
9,171
1,440,632
20,746

19,562

$2,453
'•M47

154,167
43,700
122,840
11,231
12,074
5,570
9,322
697,292
7,009
33,432
14,404
60,363
38,972
470,503
1,444
279,250
30,866
695,094
269,669
214,609
11,340
91,388
203,121
32,812
169,346
50,128
35,791
440,041
338,903
110,447
69,065
15,837
90,053
127,826
25,707
4,860
60,437
3,614
61,610

4,973

396
$11,869

* This amount included in the total assets of New York County in report of December 31, 1912

The net increase in resources reported is five million two hun­
dred

nine

thousand

four

hundred

seventy-nine

dollars,

and

the few slight decreases in reported assets resulted from the




10

A nnual R eport?

oe the

maturing of a comparatively large number of shares during the
year.
National and Local Associations.
For many years there has existed a distinction between different
classes of savings and loans associations not recognized by statute
but resulting from differences in their business methods.

The

so-called local associations were really cooperative .institutions.
The national associations, as a class, entirely lost sight of the
principle of mutuality, were conducted more in the interests of
officers and promoters than in the interests of their members and
.attempted to do business over a widely extended territory.

As a

result of mismanagement, or worse, most of them went out of
existence many years ago and the few that are still in existence
have conformed their methods to the existing law of this state
under which the practices formerly so common in such associa­
tions are no longer tolerated.
The following associations formerly classified as national asso­
ciations are still in existence:
Commercial Union Co-operative Bank........................................................
Eagle Savings and Loan C om pany...............................................................
Elm Permanent Loan Association.................................................................
Elmira Mutual Building-Loan Association.................................................
Western Savings and Loan Association.......................................................
Bankers’ Loan and Investment Com pany..................................................
Cooperative Building B a n k ............................................................................

Albany.
Brooklyn.
Buffalo.
Elmira.
Rochester.
New York.
New York.

O f these associations, however, only three, the Commercial
Union Co-operative Bank of A lt any, the Eagle Savings and Loan
Company, of Brooklyn, and the Bankers Loan and Investment
Company, of N ew York, are still engaged in active business.
The other two hundred and thirty-four associations of the
State belong to the class' of associations which have always been
known as local associations.
Comparative Table.
The following table gives the principal items of assets and
liabilities, receipts and disbursements of the national and local
associations of the State at the close of business on the thirty-




S uperintendent

of

11

B anks .

first day of December, 1913, together with certain other items of
general interest.
A ss e t s .

Nationals.

Loans on bond And mortgage.
Loans on shares......................
Stocks and bonds...................
Land contracts.......................
Real estate..............................
Cash on hand and in bank. ..
Furniture and fixtures............
Installments due and unpaid.
unpaid. . .
Other assets.
Totals.

Locals.

Totals.

$2,924,711
33,787
6,780
62,785
1,088,062
165,532
12,169

$54,077,693
1,535,988
632,304
271,741
1,124,383
1,632,187
38,883
23,498

$57,002,404
1,569,775
639,084
334,526
2,212,445
1,797,719
51,052
23,498

34,370
423,930

85,044
71,143

119,414
500,073

$4,757,126

$59,492,864

$64,249,990

32,446

$48,446,856
6,241,452
416,596
343,488
207,013
1,012,456
972,029
1,559,450
170,360
123,164

$52,190,129
6,526,578
482,606
343,488
642,398
1,049,956
1,074,020
1,614,845
170,360
155,610

$4,757,126

$59,492,864

$64,249,990

$118,534
3,021,439
38,100
16,800
516,125
38,192
108,154
2,175
3,152
189,023
23,704
60,483
170,538

$1,871,647
16,721,170
78,850
3,482,207
6,406,615
1,-572,457
162,437
36,269
27,973
2,933,969
284,508
44,615
430,422

$1,990,181
19,742,609
116,950
3,499,007
6,922,740
1,610,649
270,591
38,444
31,125
3,122,992
308,212
105,098
600,960

$4,306,419

$34,053,139

$38,359 558

$272,823
37,303

$11,599,346
1,658,533

$11,872,169
1,695,836

2,830,002

10,224,714

13,054,716

108,118

992,658

1,100,776

73,499
16,872
185,004

216,561
2,874,211
3,542,606

290,060
2,891,083
3,727,610

35,947
136,917
30,968
6,097
7,990
15,326
26,197
357,824
165,532

65,521
291,931
246,212
34,985
33,547
25,838
32,823
581,466
1,632,187

101,468
428,848
277,180
41,082
41,537
41,164
59,020
939,290
1,797,719

$4,306,419

$34,053,139

$38,359,558

L ia b il it ie s .

Due shareholders, dues...............
Due shareholders, dividends credited
Due shareholders, matured shares..
Prior mortgages..........................
Borrowed money........................
Undivided profits..........................
Contingent fund......................... .
Unearned or rebatable premium.
Other liabilities.............................
Totals.

$3,743,273
285,126
66,010

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

435,385
37,500
101,991
55,395

R e c e ip t s .

Cash on hand January 1, 1913.
Dues received...........................
Prior mortgages........................
Money borrowed.......................
Mortgages redeemed................
Loans on shares repaid............
Real estate sold........................
Fees received.............................
Fines received...........................
Interest received.......................
Premium received.....................
Rent received............................
Other receipts...........................
Totals.

D is b u r s e m e n t s .

Loaned on mortgages.......................
Loaned on shares.............................
Payments to shareholders before ma­
turity, dues...................................
Payments to shareholders, dividends
withdrawn.....................................
Cash dividends paid on income and ac­
cumulative prepaid shares........
Paid matured shares........................
Paid borrowed money and prior mortgages
Paid interest on borrowed money and
prior mortgages.............'........................
Paid for real estate....................................
Paid salaries and clerk hire.......................
Paid advertising, printing and postage...
Paid rent....................................................
Paid repairs to real estate.........................
Paid taxes, insurance, e tc..........................
Other disbursements..................................
Cash on hand December 31, 1913............
Totals.




12

A nnual R eport

of the

M is c e l l a n e o u s I t e m s .

Nationals.

Shares in force January 1, 1913................
Shares issued during the year...................
Shares withdrawn during the year...........
Shares in force December 31, 1913..........
Borrowing members...................................
S lares held by borrowing members.........
Non-borrowing members...........................
Shares held by non-borrowing members..
Female shareholders*.................................
Shares held by females*............................
Dividends credited on installment shares
during the year.......................................
Dividends credited or paid in cash on
other shares during the year.................
Dividends forfeited during the year.........
Filed and unpaid withdrawals, December
31, 1913...................................................
Shares matured during the year...............
Operating expenses for the year, paid___
Operating expenses for the year, unpaid..
Amount of mortgages on property in this
State........................................................
Number of foreclosures commenced in
1913.........................................................
Number of foreclosures completed in 1913
Number of parcels of real estate acquired
in 1913 by foreclosure or settlement of
loans........................................................

Locals.

Totals.

144,502
22,740
18,641
148,601
855
28,770
6,270
119,831
2,884
52,797

1,294,289
418,221
293,569
1,418,941
30,634
372,957
124,121
1,045,984
58,797
407,967

1,438,791
440,961
312,210
1,567,542
31,489
401,727
130,391
1,165,815
61,681
460,764

$40,805

$2,095,162

$2,135,967

117,627
11,360

467,237
56,866

584,864
68,226

25,794
31,143
51,000

66,614
3,287,729
353,062
1,303

92,408
3,318,872
404,062
1,303

3,319,454

50,882,776

54,202,230

18
9

141
93

159
102

26

64

90

* Seventeen associations did not report in regard to these items.

Comparisons W ith Previous Years.
I t appears from this table that the total assets of the savings
and loan associations of the State at the close of the year amounted
to sixty-four million, two hundred forty-nine thousand nine hun­
dred and ninety dollars, an increase of five million, two hundred
and nine thousand four hundred and seventy-nine dollars.

The

reported assets of the local associations amounted to fifty-nine
million, four hundred and ninety two thousand eight hundred
sixty-four dollars, an increase of five million, one hundred eightysix thousand eight hundred thirty-one dollars, or over nine and
one-half per cent.
The total membership of such associations at the close of the
year was one hundred sixty-one thousand eight hundred eighty,
an increase of ten thousand eight hundred fifty-one members.
There were one million, five hundred sixty-seven thousand five
hundred forty-two shares in force at the close of the year, an
increase of one hundred twenty-eight thousand two hundred and
seven.

Three hundred twelve thousand two hundred and ten




S uperintendent

of

13

B anks .

shares were withdrawn during the year, having a total withdrawal
value of fourteen million one hundred fifty-five thousand four
hundred ninety-two dollars.

The associations, moreover, paid

upon matured shares the sum of two million eight hundred ninetyone thousand eighty-three dollars, of which two million eight
hundred seventy-four thousand two hundred and eleven dollars
were paid by the local associations.
In addition to the dividends credited to shareholders during the
year, the associations paid dividends in cash amounting to two
hundred ninety thousand and sixty dollars.

Such associations

therefore returned to members during the year seventeen million
three hundred thirty-six thousand six hundred thirty-five dollars,
or nearly twenty-seven per centum of their total resources at the
end of the year.

They had on hand and available for the payment

of withdrawals, if necessary, one million seven hundred and
ninety-seven thousand seven hundred and nineteen dollars.
The total undivided profits of the local associations at the close
of the year were two million five hundred and thirty-one thousand
four hundred and seventy-nine dollars, an amount equal to ap­
proximately four and six-tenths per centum of the dues and
dividends credited to shareholders.

O f this sum, one million

five hundred fifty-nine thousand four hundred and fifty dollars
had been carried to the contingent funds of the various associa­
tions which are only available for the payment of losses, so that
notwithstanding the small amounts carried to this fund each year,
the contingent funds

already

accumulated averaged two and

eighty-three one-hundredths per cent, of the dues and dividends
credited to members.
The total undivided profits of all the associations including
their contingent funds amounted to two million six hundred
eighty-eight thousand eight hundred sixty-five dollars, or over four
and one-half per centum of their accumulated capital.
N e t Earnings, Dividends and Operating Expenses.
W hile all items of profit and loss can not very well be tabulated,
the principal items of profits and of expenses of the two classes,
o f associations are shown in the following table:




14

A nnual H elmut

of tiie

E a r n in g s .

Nationals.

Locals.

Totals.

$36,269
27,973
2,933,969
284,508
44,615
56,866

$38,444
31,125
3,122,992
308,212
105,098
•68,226

$289,897

Premium received.............................................................

$2,175
3,152
189,023
23,704
60,483
11,360

$3,384,200

$3,674,097

$35,947
30,968
6,097
7,990
15,326
26,197
5,945

$65,521
246,212
34,985
33,547
25,838
32,823
39,621

$101,468
277,180
41,082
41,537
41,164
59,020
45,566

.

E xpen ses.

Paid interest on borrowed money and prior mortgages..

$128,470

$478,547

$607,017

$161,427

$2,905,653

$3,067,080

The total accumulated capital of all the associations which filed
reports for the year 1913, at the beginning of the year amounted
to fifty-four million eighty-two thousand two hundred seventyfive dollars.

F ifty million one hundred forty thousand eight

hundred and thirty-nine dollars of this amount was credited to
the members of the local associations and three million nine hun­
dred forty-one thousand four hundred and thirty-six dollars to the
members of ISTational associations.

I t would therefore appear

from this table that the net earnings of all the associations of the
State during the year were approximately five and two-thirds per
centum of the dues and dividends credited at the beginning of the
year, while the net earnings of the local associations were nearly
five and eight-tenths per centum of their accumulated capital. Two
hundred and sixteen of the two hundred and thirty-four local
associations credited dividends upon their regular installment
shares at an average rate of approximately five and six-tenths per
centum.

One hundred and six of these associations also credited

dividends upon other classes of shares, the average rate of divi­
dends credited and paid upon such shares being approximately
four and six-tenths per centum.

O f the national associations,

four credited dividends to their members upon installment shares
at in average rate of four and one-fourth per centum.




Three cred­

S U P E R IN T E N D E N T

OF

15

BANKS.

ited dividends upon income and other shares, at an average rate of
four and one-half per centum.
The operating expenses of the associations of the State as de­
fined by law amounted to four hundred and four thousand three
hundred and eleven dollars, or approximately seven dollars and
fifty cents for each one thousand dollars of accumulated capital.
The operating expenses of the local associations amounted to three
hundred fifty-three thousand three hundred and eleven dollars, or
approximately seven dollars for each thousand dollars of accumu­
lated capital.

A s might be expected from the fact that so large a

proportion of them are in liquidation, the operating expenses of
the

national

associations

were

proportionately

large.

They

amounted to twelve dollars and ninety cents for each thousand
dollars of accumulated capital.
I f the comparison were made with total resources, it would be
found that the operating expenses of all the associations of the
state were at the rate of six dollars and thirty cents for each
thousand dollars of resources, while the operating expenses of the
local associations were only a little over five dollars and ninety
cents for each one thousand dollars of total resources.

Revision of the Banicing Law and Agricultural Credits.
In the general revision of the Banking Law, no material changes
have been made in the article relating to savings and loan asso­
ciations

in

so far

as

the

local

associations

themselves

are

concerned.
Through many years of trial and adversity, the savings and
loan system of this State has been perfected until in many respects
from a theoretical point of view, it is as nearly ideal as the labors
of its founders can make it.

That it is eminently practical and

practicable has been demonstrated by the experience of many
associations extending over a period of more than a quarter of a
century, and, in exceptional cases, for a much longer time.
The revision of the statutes relating to such associations which
went into effect January 1, 1911, has proved eminently satisfac­




16

A nnual R eport

of the

tory and the provisions of that statute in so far as they relate to
local associations remain substantially unchanged although much
time was spent in eliminating superfluous matter and in rendering
ambiguous provisions clear and definite.

Although this system

has never been in this State largely utilized by farmers and the
operations of such associations have been practically confined to
cities and villages, upon comparison with foreign cooperative
systems, it would appear to be better adapted to the making of
long term loans upon farm
vailing

in

this

country

lands under the conditions pre­

than

any

of

the

foreign

systems,

and the representatives of the Y e w Y ork State League of Savings
and Loan Associations have been foremost in impressing these
views not only upon the representatives of the local associations
of the United States in convention assembled, but upon the repre­
sentatives of the national government.

A ll that has seemed to be

needed, in order to extend the advantages of the system to all the
people of the 'State, including farmers, has been a central institu­
tion through which necessary funds for making loans of this
character could be obtained at a low rate of interest by combining
the resources and credit of the local associations.
Provision is made in the proposed revision of the Banking Law
for the organization of such a central institution, to be known as
the “ Land Bank of the State of Y e w Y ork .”

B y the proposed

revision, all the associations of the State are made eligible for
membership in such a central institution, and it is provided that
an authorization certificate shall not be issued to it, unless at
least ten associations having combined resources of at least five
million dollars, participate in its organization.
W h ile the establishment of such an institution in this country
is in a sense experimental, the savings and loan system as well
as the other financial institutions of the State have only been
developed as a result of the experience of years, and in the
development of savings and loan associations, the department has
at all times fully cooperated with the real founders of the system
in this State.

Knowing the character of the men who will neces­

sarily be charged with the initial steps in the organization of such
an institution and the great good to all the people of the State
that will result, i f success is achieved, the banking department




S uperintendent

oe

B anks .

17

is willing to bear its full share of responsibility and believes
that such an institution should be established.
E xtent of Cooperation W ith Local Associations.
So great harmony has for many years existed between the bank­
ing department and the savings and loan associations of the State
that the Department has usually been represented at the conven­
tions of the State League of Local Savings and Loan Associations.
This same practice has been adopted to a very considerable extent
in other States, and in connection with the last two annual meet­
ings of the United States League of Building and Loan Associa­
tions, there has been a meeting of the supervising officers of such
associations at both of which meetings this Department has been
represented. A t the last meeting, in Milwaukee, the representative
of the New Y ork State Department was elected president of this
latter organization for the current year.

The next meeting of

the National Association of Building and Loan Examiners will
be held at Washington, in July.
Conclusion.
The reports of all the associations of the State in condensed
form will be published in the appendix to this report together
with the laws of this State relating to such associations as in
force at the time of publication.

There will also be included

another table in which will be given the names, locations, dates of
organization and dates of liquidation, if closed, of all corporations
of

this character which

have

ever reported to the banking

department.




Respectfully submitted,
G E O . C. V A N T U Y L , J R .,
Superintendent of Banks.







APPENDIX
ri9i




L IS T
OF

SAVINGS AND LOAN ASSOCIATIONS
That have Reported to the Banking Department or have been Organized or Authorized
under the Banking Law.

From 1875 to 1914.
INCLUDING BUILDING LOT A S S O C IA T IO N S .
N ote .— T he_ associations whose names are printed in S mall C aps closed before 1890.
The associations whose names are printed in Italics closed after 1890.
The associations whose names are printed in Roman are in existence at this date,
January 1, 1914.




T211

to
to

LIST OF SAYINGS AN D LOAN ASSOCIATIONS
NAMES OF ASSOCIATIONS.
ALBANY COUNTY.
Albany County Savings and Loan Association of Albany, N. Y ........

Location.

Organized.

First
report
for year.

Oct. 11,
Nov. 5,
Dec.,
Feb. 16,

Albany..................................
Albany..................................
Albany..................................
Albany..................................
Albany..................................
Albany..................................

May 7, 1888
Dec. 31, 1888
Jan. 29, 1889
1868
1869
1868

United States Building, Mutual Loan Accumulating Fund Association.
Voorheesville Savings and Loan Association.........................................
West End Savings and Loan Association..............................................

Albany..................................
Albany..................................
Voorheesville........................
Albany..................................

1873
July 15, 1890
May 19, 1913
Feb. 4, 1889

1892
1888
1891
1891
1876
1888
1889
1890
1875
1875
1875
1875
1875
1890
1913
1890

ALLEGANY COUNTY.
Alfred Mutual Loan Association............................................................

Alfred....................................

April 9, 1884

1889

BRON X COUNTY.
Edgehill Co-operative Savings and Loan Association a.....................
Eureka Co-operative Savings and Loan Association.........................
Model Building and Loan Association of Mott Haven.....................
Mount Saint Vincent Co-operative Building and Loan Association.
North New York Co-operative Building and Loan Association.......
Tremont Building and Loan Association.............................................

New
New
New
New
New
New

April 30, 1909
June 8, 1888
Aug. 13, 1889
Mar.,
1888
April 19, 1888
May,
1884

1909
1888
1889
1890
1888
1889
1891
1875
1887

A l b a n y S a v in g s a n d L o a n A s s o c ia t io n .....................................................

Central Savings and Loan Association.....................................................
Commercial Union Co-operative Bank..................................................
G e r m a n S a v in g s a n d B u il d in g F u n d A s s o c ia t io n , N o . 8 ...............

Homestead Savings and Loan Association of Albany, N. Y ..................
Permanent Savings and Loan Association of Albany, N. Y ...............
Safety Building-Loan and Savings Association of the City of Albany
S a v in g s
S a v in g s
S a v in g s
S a v in g s
S a v in g s

and
and
and
and
and

B u il d in g
B u il d in g
B u il d in g
B u il d in g
B u il d in g

F und
F und
F und
F und
F und

A s s o c ia t io n ,
A s s o c ia t io n ,
A s s o c ia t io n ,
A s s o c ia t io n ,
A s s o c ia t io n ,

N o.
No.
No.
N o.
N o.

4 ..................................
5 ..................................
6 ..................................
7 ..................................
9 ..................................

BROOME COU NTY.

Binghamton and Washington Land Company.......................................

York.............................
York.............................
York.............................
York.............................
York.............................
York.............................

Binghamton..........................
Binghamton..........................
Binghamton..........................

1892
1888
1890
1891

Binghamton..........................

May 22,
Mar. 15,
April 2,
Mar. 1,
June 24,

1891
1875
1886
1894
1889

Gowanda...............................
Olean.....................................
Salamanca.............................

Oct. 5, 1889
Feb. 1, 1892
Sept.,
1882

Jamestown............................
Jamestown............................
Dunkirk................................
Jamestown............................
Jamestown............................

Nov. 1,
May 13,
April 1,
Nov. 22,
Nov. 22,

1881
1891
1890
1894
1883

*1876
*1876
*1878
*1877
*1877
***O ct. 11, 1905

1890
1892
1884

CHAUTAUQUA COUNTY.
Chautauqua First Equitable Building Society.................. .....................
Chautauqua National Building, Loan and Savings Association..........
Dunkirk Savings and Loan Association...............................................
Jamestown Co-operative Savings and Loan Association.......................
Jamestown Permanent-Loan and Building Association $ ...................

*1876
Mch. 28, 1913

1889

CATTARAUGUS COUNTY.
Gowanda Co-operative Savings and Loan Association......................
Olean Building, Loan and Savings Association...................................
Salamanca Loan and Building Association.........................................

*1888
tl892

C a t h o l ic B u il d in g a n d L o a n F u n d A s s o c ia t io n ..............................

Co-operative Building and Loan Association of Binghamton, N. Y .
Deposit Savings and Loan Association..................................................
Home Mutual Loan and Savings Association of Binghamton, N. Y




1881
1891
1889
1881
1881

1893
*1881

1894

1895
1902
1901
§1894

R e p o r t on S a v in g s a n d L o an A s s o c ia t io n s .

Albany..................................
Albany..................................
Albany..................................
Albany..................................

Closed.

Lake Shore Savings and Loan Association...........................................
Scandinavian Building and Loan Association........................................
Silver Creek Co-operative Savings and Loan Association...................
CHEMUNG COUNTY.
Chemung Valley Mutual Loan Association^........................................
Elmira Co-operative Savings and Loan Association............................
E l m ib a B u il d in g a n d L o a n A s s o c ia t io n ..................................................

Feb. 13, 1891
Aug. 5, 1890
April 15, 1909

1891
1890
1909

1898

Elmira...................................
Elmira...................................
Elmira...................................
Elmira...................................
Elmira...................................

April,
May 28,
May 1,
April 18,
Sept.,

1875
1888
1872
1893
1891

1875
1888
1875
1893
1891

*1878

Norwich................................
Oxford...................................

April 24, 1888
July 23, 1897

1888
1897

*1910

Hudson.................................
Hudson.................................
Stuyvesant Falls..................

Dec.,
1875
April 20, 1911
Jan. 1, 1881

1876
1911
1881

Marathon..............................
Cortland................................

Mar. 28, 1895
July 31, 1911

1895
1911

Walton..................................

Oct. 11. 1907

1907

Poughkeepsie........................

April, ||1888

1888
1882

T o w n of F is h k il l B u il d in g a n d L o a n A s s o c ia t io n ..........................

ERIE COUNTY.
Acme Savings and Loan Associationf f ...................................................
Adams Savings and Loan Association....................................................

Buffalo..................................
Buffalo...................................
Buffalo...................................
Buffalo..................................
Buffalo..................................
Buffalo..................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................

Jan. 13, 1890
1887
Mar. 21, 1872
Oct. 23, 1889
June 3, 1874
Mar. 27, 1890
Mar. 27, 1890
April 11, 1876
Mar. 16,1875
April 2, 1888
Dec. 6, 1872
1889
April 7, 1890
Jan. 1, 1890
Feb. 27, 1890
Mar. 31, 1891
Jan. 8, 1890

i.893

Mar. 4, 1905

*1882
***1902
1893
*1875

1890
1890
1875
AStna Permanent Savings and Loan Association.................................
1890
*1878
A l l e m a n ia S a v in g s a n d A id A s s o c ia t io n ................................................
1875
«1 900
Amherst Savings and Aid Association....................................................
1890
Feb. 8, 1909
1900
Amherst Savings and Loan Association^^..............................................
*1879
A m ic a b l e Sa v in g s a n d A id A s s o c ia t io n ...................................................
1876
*1879
A u r o r a S a v in g s a n d A id A s s o c ia t io n .......................................................
1875
1896
Bavaria Mutual Permanent Savings and Loan Association..................
1890
*1875
B a v a r i a St r e e t A id in g a n d A c c u m u l a t in g So c i e t y .........................
1875
1895
1893
Black Rock Capital Savings and Loan Association................................
Black Rock Mutual Home and Savings Association...........................
1890
1892
Bristol Permanent Dime Savings and Loan Association.......................
1890
1893
Broadway Dime Permanent Savings and Loan Association..................
1890
**1894
1894
Broadway Market Dime Permanent Savings and Loan Association...,
1893
Buffalo Building and Loan Association.................................................
1890
*1875
B u f f a l o C it y S a v in g s a n d M u t u a l B e n e f it F u n d A sso c iatio n
1875
*1893
1890
1890
Buffalo Dime Savings and Loan Association.........................................
Buffalo...................................
* The last report received was for that year.
** Consolidated with Prince Albert Permanent Savings and Loan Association.
*** Receiver appointed,
t Consolidated with West End Savings and Loan Association.
t t Formerly Globe Permanent Dime Savings and Loan Association, q. v.
t Formerly James­
town Permanent Loan and Building Association, q. v. Reorganized December 17, 1894.
Jt Name changed to Amherst Savings and Loan Association March 19,
1900.
§ Reorganized as Jamestown Co-operative Savings and Loan Association, December 17, 1894.
If Reorganized October 7, 1896.
Formerly Am­
herst Savings ana Aid Association, q. v.
J|Reincorporated July 9, 1895.
a Moved to New York County February 19, 1914.
ASt n a L o a n a n d A c c u m u l a t in g F u n d A s s o c ia t io n ............................




L is t o f A s so c ia t io n s .

Elmira Mutual Building-Loan Association...........................................
Queen City Homestead Association..........................................................
CHENANGO COUNTY.
Chenango Co-operative Savings and Loan Association.......................
Oxford Co-operative Savings and Loan Association................................
COLUMBIA COUNTY.
Hudson Building and Loan Association.................................................
Hudson Savings and Loan Association.................................................
Stuyvesant Falls Building and Loan Association................................
CORTLAND COUNTY.
Century Co-operative Savings and Loan Association.........................
Dime Savings and Loan Association.....................................................
DELAWARE COUNTY.
Walton Co-operative Savings and Loan Association (The).................
DUTCHESS COUNTY.
Home Co-operative Savings and Loan Association.............................

Dunkirk.................................
Jamestown............................
Silver Creek..........................

to
00

InO

L ist

of

Savings

and

L oan A ssociations — (Continued).

n a m e s o f a s s o c ia t io n s .

Location.

Organized.

First
report
for year.

ERIE COUNTY — (Continued).
June 21, 1887
Feb. 20, 1881
April 12, 1879
1893
1890
1904
1874
1888
1880
1876

June 6, 1890
July 1, 1885
May 31, 1887
Aug. 4,
Sept. 3,
Nov. 24,
Mar. 2,
April 12,

1884
1878
1891
1891
1878

May,

-1870

Feb. 3, 1890
April 30, 1890
Sept. 7, 1876

C o n c o r d ia S a v in g s a n d A id A s s o c ia t io n , N o . 3 .......................................................................




Buffalo..................................

May 1,
Mar. 22,
Aug. 4,
April 1,
Oct. 4,
May 24,

1894
1897
1869
1876
1870
1873

■ 1875
1876
1875
1875

1892
Feb. 24, 1912
1896
*1875
*1875
1il90 l
*1890
May 22, 1908
*1875
July 25, 1894
*1877
*1878
1892
1897
*1875
1892
*1878
tl892
Dec. 17, 1894
*1879
1894
*1892
*1878
*1877
*1875
1891
*1878
1897
Dec. 1, 1905
1892
*1877
*1879
*1875
1895
1897
*1875
*1880
*1876
*1875

S a v in g s a n d L o an A s s o c ia t io n s .

Mar. 31,
Jan. 28,
Aug. 10,
Feb. 9,
April,
May 22,
Feb. 22,

1890
1890
1890
1875
1875
1893
1890
1904
1875
1890
1890
1876
1876
1890
1890
1875
1890
1877
1890
1890
1878
1892
1891
1878
1878
1877
1875
1890
1875
1890
1894
1890
1875
1876
1875

Closed.




L is t o f A s s o c ia t io n s .

*1879
1876
1892
1890
1913
May 14, 1913
1902
1890
Oct. 16, 1886
*1875
1875
July 26j 1872
1895
Aug 14, 1895
1899
1890
Jan. 22, 1889
*1875
1875
*1876
1875
1892
Nov. 18, 1905
Dec. 10, 1891
1891
1893
Nov. 22j 1891
1894
1891
Sept. I ll 1888
*1878
1876
1913
1893
1890
April 11, 1888
*1877
1875
1894
April 19, 1894
1894
1892
Jan. 2, 1887
1897
1895
Nov. 1, 1895
*1877
1875
1889
Mar IS 1SS9
*1878
1878
1892
1890
Feb ,
1882
1890
Sept. 22, 1879
*1876
1875
1892
1890
ttl899
1890
Feb. 27, 1890
1902
1890
Oct.,
1888
*1875
1875
1889
Dec. 21, 1883
*1875
1875
Aug. 6, 1870
*1878
1878
Mar 10, 1S77
1901
1890
Mav,
1889
t+1896
Mar. 4, 1890
1890
*1879
1878
1897
Dec. 2, 1889
1890
1892
1890
Mav,
1889
*1877
1875
April 17, 1871
1896
1890
July,
1884
*1878
1878
*1876
1875
Jan. 5, 1871
1891
May 27, 1891
**1895
1890
July lj 1890
*1877
Mar. 7, 1877
1877
*1875
1875
May 5, 1891
1890
1897
1891
Frontier Savings Fund and Aid Association.......................................................................... Buffalo................................... April 28, 1891
* The last report received was for that year.
** Amalgamated with Irish-American Savings and Loan Association.
t Consolidated with Richmond
Avenue Permanent Dime Savings and Loan Association.
f t Receiver appointed.
+ Did not report for year 1896.
§ Formerly Iroquois Permanent Dime
Savings and Loan Association, q. v.
Attempted revival of St. Joseph’s Street Permanent Savings and Loan Association of Rochester, q.
closed by order of
the Superintendent of Banks in 1897.

to
cs

L ist

of

Savings

and

L oan A ssociations — (Continued).

names of associations .

Location.

Mar.
Mar.
June
June
May

Oct.
Oct.
Aug.
May
July

1890
1871
1873
1869
1876
1890
. 1, 1890
1890
1, 1890
1, 1890
4,1898
13, 1878
6, 1869

June

1, 1890

July

20,
14,
5,
1,
8,

Jan. 13, 1890
July 1, 1886
May 28, 1888
Jan. 7, 1889
Jan. 1, 1890
Feb.
May
Sept.
Oct.
June
Jan.
May
May
May
Feb.

J e f f e h so n a n d C l in t o n L o a n a n d A c c u m u l a t in g F u nd A s s o c ia t io n ..........................




Buffalo............. .....................

5, j.873
7, 1885
16,
6,
4,
31,
1,
5,
29,
19,

1882
1870
1890
1884
1890
1890
1883
1881

June 24,
July 21,
April 4,
Sept. 30,

1891
1875
1884
1890

First
report
for year.

1890
1875
1875
1875
1876
1892
1890
1891
1890
1892
1898
1891
1875
1875
1892
1876
1890
1890
1890
1889
1890
1875
1875
1890
1875
1890
1875
1890
1890
1890
1890
1890
1890
1875
1892
1876
1885
1890
1877

Closed.

11111894
*1876
*1878
*1875
*1878
1893
1893
$1892
§1892
1896
1895
*1875
*1875
11894
*1878
111898
***Dec. 22, 1906
tttl903
*1878
*1878
*1876
1895
*1876
Feb. 27, 1912
1894
May 2, 1895
1893
*1875
*1877
ttl894
*1877

R e p o r t o n S a y in g s a n d L o an A s s o c ia t io n s .

ERIE COUNTY — (Continued).

Organized.

Jefferson Permanent Dime Savings and Loan Association......................
J e f f e r s o n S a v in g s a n d A id A s s o c ia t io n . ..................................................

Johnson Permanent Savings and Loan Association.................................
K r e t t n e r P e r m a n e n t S a v in g s a n d L o a n A s s o c ia t io n .......................

Lackawanna Co-operative Savings and Loan Association.........................
Lackawanna Permanent Savings and Loan Association..........................
L a F a y e t t e S a v in g s a n d A id A s s o c ia t io n .................................................

Lancaster Savings and Loan Association......................... ......................
Lemon and Virginia Permanent Savings and Aid Association...............
Lemon Dime Savings and Loan Association.............................................
Lexington Dime Savings and Loan Association........................................

Buffalo...................................

Sept. 10, 1888

Buffalo.................................. April 16, 1883
Buffalo................................... Feb. 24, 1880
Buffalo................................... April 9, 1903
Buffalo................................... Sept. 6, 1887
Lancaster..............................
Buffalo...................................

May 27, 1890
Sept. 8, 1886

Buffalo...................................

June 2, 1891

Buffalo...................................

1890
1875
1890
1880
1903
1890

1894
*1875
1893
*1880
April 14, 1908
1893
*1*7H
1902
1894

Mar. 13, 1875 .

1890
1890
1«qq
1891




L is t o f A s so c ia t io n s .

***Sept. 5, 1905
*1£7R
*1876
1875
*1878
1878
July 3, 1891
Lovejoy Permanent Dime Savings and Loan Association! t t ..............
1892
Ludwig Permanent Savings and Loan Association..................................
Buffalo.................................. April 3, 1888
1894
1890
1895
Luitpold Permanent Savings and Loan Association...........................
Buffalo................................... April 19, 1887
1890
Main Street and Cold Spring Permanent Savings and Loan Association
Buffalo................................... Mar. 12, 1890
1894
1890
Main Street Permanent Loan Association................................................
1891
1890
M a n h a t t a n S a v in g s a n d A id S o c i e t y . .......................................................
Buffalo................................... Feb. 19, 1872
1875
*1876
Masten and Eaton Permanent Savings and Aid, Association..................
1887
1899
Buffalo...................................
1890
***1902
Metropolitan Mutual Savings and Loan Association.............. . ..............
Buffalo................................... Aug. 12, 1885
1890
*1892
Michigan and Sycamore Permanent Loan and Savings Association.......
Buffalo................................... Jan. 11, 1888
1890
1885
1893
Monroe Savings and Loan Association........... .........................................
Buffalo...................................
1891
Mulberry Permanent Savings and Loan Association, No. 3 ...................
!!1896
Buffalo................................... Jan. 26, 1886
1890
***1902
Mutual Home and Savings Association....................................................
Buffalo................................... April 16, 1889
1890
Mutual Investment and Building Association of Buffalo.........................
July 14, 1911
Buffalo................................... Dec. 9, 1891
1892
M u t u a l S a v in g s a nd A id A s s o c i a t i o n .........................................................
*1879
Buffalo.................................. April 1, 1874
1875
*1879
M u t u a l S a v in g s a n d L o a n A s s o c i a t i o n .....................................................
Buffalo................................... Feb. 2, 1878
1878
Mar. 16, 1895
National Dime Savings and Loan Association.........................................
Buffalo...................................
1891
1892
N e w C l in t o n a n d P r a t t S a v in g s a n d A id A s s o c ia t io n ....................
*1875
1875
N e w H ic k o r y S a v in g s a n d A id A s s o c ia t io n , N o . 2 .............................
*1878
1877
*1878
N e w L in c o l n S a v in g s a n d A id A s s o c ia t io n ............................................
1878
§11893
New Reservoir Permanent Dime Savings and Loan Association.............
Buffalo............... *................. Sept. 7, 1890
1890
1870
*1875
N ia g a r a L o a n a n d A c c u m u l a t in g F u n d A s s o c ia t io n .........................
Buffalo................................... June,
1875
1899
May 9, 1890
Niagara Savings and Loan Association...................................................
1894
Niagara Savings Fund and Aid Association............................................
Buffalo.................................. Aug. 25, 1888
1890
1899
Buffalo................................... Jan. 19, 1891
Niagara Square Dime Savings and Loan Association.............................
1891
Ninth Ward Dime Savings and Loan Association...................................
Buffalo................................... April 6, 1891
1891
June 19, 1905
1892
North Street Permanent Savings and Loan Association...........................
Buffalo................................... Oct. 26,1886
1890
189i
Old Homestead Savings and Loan Association.........................................
Buffalo...................................
1890
* The last report received was for that year.
** Report for the year 1894 not officially filed.
*** Receiver appointed. . f Formerly German-American
Savings and Loan Association, q. v.
t t Name changed to Columbia Co-operative Savings and Loan Association, t t t Receiver appointed May 27, 1903.
! Name changed to German-American Dime Savings and Loan Association.
! ! Name changed to Standard Savings and Loan Association of Buffalo, N. Y.
t t t Formerly Lovejoy Savings and Loan Association.
§ Name changed to German Central Permanent Dims Mutual Loan and Savings Association.
§§ Con­
solidated with Plymouth Rock Savings and Aid Association.
If Absorbed by the Safety Investment and Loan Company, Syracuse.
Iflf Name changed to
Acme Savings and Loan Association on the 23d of December, 1893.
| Formerly German ..Central Dime Permanent Mutual Savings and Loan Association.
[
11 Transferred to Fourth Ward Savings and Aid Association.
11

L ib e r t y S a v in g s a n d A id A s s o c ia t io n .........................................................
L in c o l n S a v in g s a n d A id A s s o c i a t i o n ........................................................
L iv in g s t o n S a v in g s a n d A id A s s o c ia t io n ........... ......................................

to

L ist

of

Savings

and

to
oo

L oan A ssociations — (Continued).

names of associations .

Location.

ERIE COUNTY — (Continued).

Organized.

Aug. 13, 1889
April 29, 1890
April 5, 1890
Mar.,
1889

P e o p l e ’ s S a v in g s a n d A id A s s o c ia t io n , N o . 2 ............................................................................

Mar. 8, 1877
28,
21,
18,
4,
27,
29,
29,

1891
1879
1872
1890
1884
1909
1890

Feb. 12, i878
April 16, 1888
Feb. 24,1890
Oct. 28, 1890
Mar. 6,
April 9,
Nov. 19,
Mar. 12,

1890
1895
1888
1888

Mar. 13, 1871
Mar. 14, 1889
Sept. 27,1912

Sycamore and Johnson Permanent Savings and Loan Association......................................




Buffalo...................................

May 3, 1894
Aug.,
1890
Jan. 26, 1889
Aug. 26, 1873
Jan. 22, 1891
May 8, 1893
June 20, 1894
Jan. 26, 1886
April 15, 1899
June 19,1888

1890
1890
1878
1890
1890
1875
1875
1877
1878
1891
1879
1875
1890
1890
1909
1890
1875
1878
1892
1875
1890
1890
1877
1890
1895
1890
1890
1890
1875
1878
1890
1912
1875
1894
1890
1890
1875
1891
1894
|
|
1896
1890
1890

Closed.

1892
1894
*1878
1893
*1875
*1875
*1877
*1879
1893
*1879
*1877
1894
tl894
*1892
*1875
*1878
1897
*1875
1892
1894
*1878
Feb. 25, 1914
1895
1893
1891
*1875
*1878
May 28, 1895
*1878
1895
1894
§1894
*1877
1894
|
|
Feb. 17, 1912
1892
**1892

&

•
U

o

w
O
3

S a v in g s a n d L o an A s s o c ia t io n s .

Feb.
Mar.
Mav
Mar.
Mar.
Mar.
Jan.

First
report
for year.

Sycamore and Johnson Savings and Loan Associationtt....................
Sycamore Savings and Loan Association................................................

June 19, 1888
Oct. 18, 1886

Terrace Savings and Loan Association...................................................
Third Ward Permanent Savings and Loan Association.........................

Sept. 28,
Feb. 13,
June 22,
Sept. 26,
May 7,
Mar. 23,
Mar. 10,
Aug. 8,
June 24,
April 13,
Mar. 26,
July 5,
Sept. 16,

1885
1888
1872
1874
1883
1887
1887
1876
1888
1869
1889
1889
1894
1870

T h ir t e e n t h W a r d L o a n a n d A c c u m u l a t in g F u n d A sso c iat io n .
T h u r in g ia S a v in g s a n d A id A s s o c ia t io n .................................................
T o n a w a n d a A id a n d S a v in g s A s s o c ia t io n ..............................................

Tonawanda Enterprise Aid and Savings Association............................
Twelfth Ward Savings and Aid Association...........................................
U n io n L o a n a n d A c c u m u l a t in g F u n d A s s o c ia t io n ...........................

Union Savings and Aid Association................................., ....................
U n io n S a v in g s a n d M u t u a l B e n e f it A s s o c ia t io n ..............................

Walden Avenue Dime Savings and Loan Association............................
Walden Avenue Permanent Savings and Loan Association...................
Waverly Co-operative Savings and Loan Association..............................
W e s t e r n L o a n a n d A c c u m u l a t in g F u n d A s s o c ia t io n .....................
W e s t e r n S a v in g s a n d A id A s s o c ia t io n ....................................................
W e s t p h a l ia , N o . 2, L o a n a n d A c c u m u l a t in g F u n d A sso c iat io n

West Seneca Co-operative Savings and Loan Association.......................
West Side Savings and Loan Association................................................
West Utica Street Loan and Savings Association... .•
.............................
William and Sherman Mutual Savings and Loan Association............
William Street Dime Savings and Loan Association..............................
William Street Permanent Savings and Loan Association..................
Wdiiamsville Savings and Loan Association. . . ...................................
Winslow Permanent Savings and Loan Association...............................

Buffalo...................................
West Seneca.........................
Buffalo...................................
Buffalo...................................

Buffalo...................................
Buffalo...................................

Mar. 21,
May 4,
Dec.,
Mar. 27,
Oct. 2,
July 9,
Oct. 13,
Aug. 12,
Aug. 6,
Aug. 16,

1872
1904
1889
1887
1882
1889
1879
1913
1888
1869

W o r k in g m a n S a v in g s a n d A id A s s o c ia t io n ............................................
W o r k in g m e n ’ s S a v in g s a n d A id A s s o c ia t io n .........................................
W o r k in g m e n ’ s S a v in g s a n d L o a n F u nd A s s o c ia t io n ........................

Buffalo...................................

May 17, 1875
Feb. 10, 1899

1899

Buffalo...................................

FRANKLIN COUNTY.
Saranac Lake Co-operative Savings and Loan Association.................

April 29, 1895
*1875
1892
1896
*1876
*1878
*1889
1894
1894
*1876
Aug. 20, 1895
*1875
1893
1895
II
*1876
*1875
*1878
Sept. 26, 1905
1893
1893
1894
1893
*1875
*1878
*1879

FULTON COUNTY.
Gloversville Building and Loan Association............................................
Gloversville Homestead Building and Loan Association.........................
People’s Savings and Loan Association....................... ' ........................

Gloversville...........................
Gloversville...........................
Gloversville...........................

Oct. 2, 1888
July 30, 1891
Sept.,
1891

,1889
1891
1891

Oct. 13, 1908
JSept., 1891
1902

GENESEE COUNTY.
Genesee County Permanent Loan and Building Association.................
Genesee County Loan Associationtt.....................................................

Batavia........................~ . . .
..

April 15, 1879
April 15, 1879

1879
1879

tttl901

GREENE COUNTY.
Building and Loan Association of Catskill b ..........................................
Catskill Savings and Loan Association a ..............................................

Catskill..................................
Catskill..................................

Feb.,

1889

L is t of A s s o c ia t io n s .

Buffalo...................................
Buffalo......... '........................
Buffalo...................................
Buffalo...................................
Tonawanda...........................
Tonawanda...........................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo..................................
Buffalo...................................
Buffalo...................................
Buffalo...................................
Buffalo...................................

1892
1890
1875
1890
1890
1875
1875
1889
1889
1890
1876
1890
1875
1890
1890
II
1876
1875
1875
1904
1890
1890
1890
1890
1879
1913
1890
1875
1877
1875

Buffalo...................................

S jccamore S t r e e t S a v in g s a n d A id A s s o c ia t io n ..................................

b

1889

* The last report received was for that year.
**
* Name changed to Sycamore and Johnson Savings and Loan Association.
f Business taken by the Free­
hold Savings and Loan Association in October.
f t Formerly Sycamore and Johnson Permanent Savings and Loan Association, q. v.
t t t Name changed to
Genesee County Loan Association.
t All members not withdrawn were transferred to the Commercial Union Co-operative Bank, Albany.
t t Formerly
Genesee County Permanent Loan and Building Association, q. v.
§ Consolidated with Masten and Easton Permanent Savings and Aid Association.
H For­
merly Mulberry Permanent,Savings and Loan Association, No. 3, q. v.
1 Never completed incorporation.
1
a Formerly Building and Loan Association of Catskill.
b Name changed to Catskill Savings and Loan Association, April 1, 1911.




to

L ist

of

Savings

and

L oan A ssociations — {Continued).
©

NAMES OF ASSOCIATIONS.




Dolgeville.
Frankfort. .
Herkimer..
Ilion..........
Little Falls

Oct. 13, 1891
Dec. 12, 1911
July 1, 1898
Oct. 3, 1888
July 11, 1913

1892
1911
1898
1890
1913

Carthage..
Clayton. ..
Watertown
Watertown

March, 1889
April 21, 1900
Dec. 19, 1887

1890
1890
1900
1888

1902
1901

Sept. 25,
April 25,
May 14,
April 25,

1893
1894
1888
1894

1893
1894
1888
1894

July 13, 1911
t
JMay 31, 1894
***/

Jan.
1888
June 16, 1893
Nov. 16, 1885
Mar. 2, 1887

1888
§
1885
1887

1894

Jan. 16,
July 27,
Nov. 18,
May 3,
June 30,
April 26,

1883
1888
1889
1888
1891
1885

1883
1889
1890
1888
1891
1885

| 1896
|
1893

Sept. 20, 1892

1892

h

May 10, 1899
June 4, 1888
June 26, 1894
Dec. 19, 1889
Dec. 19, 1889
Feb. 21, 1889
July 19, 1889
July 22,1895
June 10, 1897
Oct. 2, 1888
Sept. 8, 1886
Jan. 17, 1888
Aug. 18, 1904
May 27, 1889

1.899
1890
1894
1890
1890
1890
1890
1895

**1897
m
m

Location.

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

1890
1888
1890
1904
1889

Closed.

ittl9 0 0

d

/

1902

Oct. 4, 1906
1897

Sept. 2, 1911

R e p o r t on S a y in g s a n d L o an A s s o c ia t io n s .

H ER K IM E R COUNTY.
Dolgeville Savings, Building and Loan Association.............
Frankfort Savings and Loan Association.....................
Herkimer Co-operative Savings and Loan Association. . .
Ilion Permanent Savings, Building and Loan Association
Little Falls Building, Savings and Loan Association........
JEFFERSON COUNTY.
Carthage Savings, Loan and Building Association...........
Security Building, Loan and Savings Association...............
Watertown Homestead Investment Company........................
Watertown Savings, Loan and Building Association........
KINGS COUNTY,
Afro-American Investment and Building Cowipanj/tt+ft..................................
Atlantic Building and Loan Association of Brooklynf ......................................
Atlantic Co-operative Savings and Loan Association..........................................
Atlantic Co-operative Savings and Loan Association*** l ..................................
Atlantic Savings and Loan Association k ..........................................................
Bay Ridge Savings and Loan Association o .....................................................
Bedford Co-operative Building-Loan Association............................................
Bennett Homestead Association............................................................................
Brooklyn and New York Arcanum Building, Loan and Savings Association
Brookln City Co-operative Building and Loan Association d.............................
Brooklyn City Savings and Loan Association c...............................................
Brooklyn Mutual Building and Loan Association............................................
Bushwick Co-operative Building and Loan Association.................................
Citizens’ Co-operative Building and Loan Association of Bath Beach, N. Y . ..
Crescent Building and Loan Association.............................................................
Eagle Savings and Loan Company^!..................................................................
East Brooklyn Co-operative Building Association f ............................................
East Brooklyn Savings and Loan Association e ...............................................
East New York Co-operative Savings and Building-Loan Association h ..........
East New York Savings and Loan Association g .............................................
Empire State Co-operative Savings and Loan Associationt t t ...........................
Equitable Co-operative Building and Loan Association.................................
Excelsior Co-operative Savings and Loan Association........................................
Fifth Avenue Co-operative Building and Loan Association m ............................
Fifth Avenue Savings and Loan Association....................................................
Flatbush Co-operative Savings and Loan Association....................................
Fort Greene Co-operative Building and Loan Association.............................
Fortuna Building, Cc-jperatice Savings and Loan Association.........................
Franklin Co-operative Savings and Loan Association........................................
Fulton Co-operative Building and Loan Association.................................
German Building and Saving Company of Brooklyn, N. Y ................... .
Germania Building, Saving and Loan Institution...........................................
Greenpoint Polish Co-operative Savings and Loan A ssoaoiion ttttt...............
Hamilton Co-operative Building and Loan Association..................................

Organized.

First
report
for year.

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

Dec. 12,
Sept. 1,
Jan. 21,
Jan. 10,
Sept. 11,
Mar. 28,
July,

1888
1887
1888
1888
1913
1888
1888

Jan.,
Oct.,
June,
Aug. 26,
May 13,
April 25,
Oct. 16,

1882
1889
1889
1901
1893
1889
1890

July
July
Oct.
May
May

1895
1884
1900
1890
1886

30,
2,
17,
19,
11,

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

July 29, 1897
Mar. 28, 1887
Mar. 27,1895

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

May 18, 1896
April 8, 1905

1889
1888
1890
1888
1913
1890
1889
1890
1896
1890
1890
1901
1893
1890
1890
1889
1896
1885
1900
1890
1888
1897
1890
1895
1890
1896
1905

Mar. 6, 1909
1893
1901
Feb. 2, 1906
Nov. 6, 1911
*1890
1899
Sept. 7, 1894
1902
« t l9 0 1
1898
1891
tttSept. 2, 1910
3
June 24, 1909
b
Oct. 24, 1904
Aug. 19, 1909

Lowville................................

Sept. 4, 1889

1890

1893

Dansville...............................

Jan. 16, 1888

1888

«1897

Feb. 9, 1889
May 16, 1887

1889
1887

1903
1890
9 1890
*1876
1875
1902
1896
May,
1.888
* The last report received was for that year.
** Absorbed by Equitable Co-operative Building and Loan Association.
*** Formerly Atlantic Building and
Loan Association of Brooklyn, N. Y., q. v.
f Successor to Atlantic Co-operative Savings and Loan Association.
f t Reincorporated July 9, 1895.
t t t Removed from New York county in 1899.
t t t t Removed from New York county in 1908.
t t t t t Taken possession of and closed by Superintendent of
Banks.
| Succeeded by Atlantic Building and Loan Association, g. v.
Receiver appointed January 20, 1897.
t t t Receiver appointed.
§ Did not
do any business.
§§ Formerly Goodman Street Dime Savings and Loan Association, q. v.
If Removed from Buffalo in 1897.
tT Name changed to Provi­
dent Savings-Loan Investment Company.
[| Merged in the Franklin Society for Home-building and Savings, of New York city.
a Formerly Town of New
Utrecht Co-operative Building and Loan Association.
6 Name changed to Bay Ridge Savings and Loan Association, Feb. 15, 1911.
c Formerly Brooklyn
City Co-operative Building and Loan Association.
■d Name changed to Brooklyn City Savings and Loan Association Jan. 1, 1911.
e Formerly East Brooklyn
Co-operative Building Association.
/N am e changed to East Brooklyn Savings and Loan Association Feb. 1, 1911.
g Formerly East New York Co-operative
Savings and Building-Loan Association.
h Name changed to East New York Savings and Loan Association Feb. 21, 1911.
i Formerly South Brooklyn
Co-operative Building and Loan Association.
j Name changed to South Brooklyn Savings and Loan Association, March 15 1911.
k Formerly Atlantic
Co-operative Savings and Loan Association.
I Name changed to Atlantic Savings and Loan Association April 15, 1911.
m Name changed to Fifth Avenue
Savings and Loan Association July 15, 1911.




Rochester..............................

Rochester..............................

Oct.

L is t o f A s so c ia t io n s .

Homestead Co-operative Building and Loan Association.....................
Industrial Co-operative Building and Loan Association.....................
John H. Shults Co-operative Building and Loan Association............
Kings County Co-operative Building and Loan Association..............
Kings County Savings and Loan Association...................................
Long Island Building and Loan Association......................................
Madison Co-operative Building and Loan Association...................
Mechanics’ Co-operative Bank.............................................................
Mercantile Association of Brooklyn^^...............................................
Model Building and Loan Association of Brooklyn, N. Y ..............
Montauk Building and Loan Association...........................................
Montauk Co-operative Savings and Loan Association........................
Mutual Benefit Loan and Building Company....................................
Nassau Co-operative Building and Loan Association......................
Ninth Street Savings and Loan Association........................................
People’s Building and Loan Association............................................
People’s Co-operative Savings and Loan Association of Brooklyn.
People’ s Real Estate Tonfinetttt- •
..................................... ..............
Polish-American Co-operative Savings and Loan Association........
Prospect Home Building and Loan Association...............................
South Brooklyn Co-operative Building and Loan Association j .........
South Brooklyn Savings and Loan Association i .............................
Suburban Co-operative Savings and Loan Association.......................
Town of New Utrecht Co-operative Building and Loan Assoeiatiori b
Twenty-ninth Ward Co-operative Savings and Loan Association..
Union Co-operative Building and Loan Associationtt....................
West End Co-operative Savings and Loan Association of Brooklyn. .
Williamsburgh Co-operative Savings and Loan Associafj'ortttttt- •••
LEWIS COUNTY.
Lowville Savings and Loan Association...............................................
LIVINGSTON COUNTY.
Dansville Savings and Loan Association............................................
MADISON COUNTY.
Canastota Savings and Loan Association.........................................
Oneida Saving, Building and Loan Association................................
MONROE COUNTY.
Alliance Loan Association....................................................................
A lLEMANIA SAVING8, AlD AND LOAN ASSOCIATION.........................
American Homestead Saving and Loan Association§§ .......................

L ist

of

Savings

and

L oan

N A M E S O F A S S O C IA T IO N S .

ociations

h£>

— ( Continued)

Location.

Organized.

Rochester..............................
Rochester..............................
Brighton...............................
Brockport.............................
Rochester..............................
Rochester..............................

Mar. 9, 1891
Dec.,
1889

C e n t r a l B u il d in g , A id a n d L o a n A s s o c ia t io n ..............................................................

Jan. 18, 1888
Sept. 3, 1887
Oct. 20, 1871

Rochester..............................
Rochester..............................
Rochester..............................
Brockport.............................

July
July
Aug.
Mar.

C it iz e n s ’ B u il d in g L o t A s s o c ia t io n .....................................................................................

Citizens’ Permanent Savings and Loan Association....................................................
Citizens’ Savings and Loan Association of Brockport..................................................

Rochester..............................

Sept. 22, 1891
Feb. 28, 1884
Feb. 24, 1893

12,1887
30, 1872
9, 1886
15, 1890

C it y C u m u l a t in g F u n d A s s o c i a t i o n ....................................................................................

Rochester..............................

C o l u m b ia S a v i n g , A id a n d L o a n A s s o c ia t io n ................................................................

Commercial Loan Association.......................................................................................

E a s t R o c h e s t e r B u il d in g L o t A s s o c ia t io n ....................................................................

East Rochester Permanent Loan Association...............................................................
East Side Savings and Loan Association.....................................................................
E l e v e n t h W a r d Sa v in g s , A id a n d L o a n A s s o c ia t io n ................................................

Eighth Ward Permanent Loan Association.................................................................
Eighth Ward Standard Loan Association.....................................................................
E in t r a c h t S a v in g s a n d A id A s s o c i a t i o n ...........................................................................
E l e v e n t h W a r d S a v in g s , A id a n d L o a n A s s o c ia t io n ................................................

Empire Permanent Loan Association...........................................................................
Empire Permanent Savings and Loan Association%.......................................... .........
Empire State Savings, Loan and Investment Association.................................. '........
Engel Building Lot Association.....................................................................................
Enterprise Permanent Savings and Loan Association................................................
Equitable Co-operative Savings and Loan Association................................................
Equitable Savings and Loan Association......................................................................
Equity Co-operative Savings and Loan Association.................................................




Rochester..............................
Rochester.............................
Rochester..............................

June,
1886
May 18, 1891

Rochester.............................
Rochester.............................
Rochester..............................

April,
1885
Sept. 26, 1889
Jan.,
1872

Rochester..............................
Rochester..............................

Jan. 25, 1888
Jan. 25, 1888

Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................

May
Oct.
Jan.
Mar.
Oct.

Rochester.............................

27,
4,
12,
2,
13,

1891
1871
1885
1889
1889
1908
1886
1890

1891
1889
1895
1891
1894

1898
*1876
1903
*1876
1898
1894
1897
*1875
*1900
1893
*1877
Dec. 4, 1905
April 12, 1907
*1875
*1875
tl893
1895
§1891
1894
Mar. 6, 1909
1898
Nov. 21, 1892

3

A s s o c ia t io n s .

Conkey Avenue Savings, Aid and Loan Association....................................................
Consolidated Saving and Loan Association................................................................
Cranston Street Building Lot Association.....................................................................
Despatch Co-operative Savings and Loan Association............................................
Dime Banking and Loan Association.........................................................................
East Main Street Homestead Association.....................................................................

Jan. 9,
May 12,
June 3,
May 17,
Sept.,
June 17,
Oct. 1,
June 25,

o

L oan

C o n c o r d ia S a v in g s , A id a n d L o a n A s s o c ia t io n ............................................................

Rochester..............................
Rochester.............................
Rochester..............................

*1875
1898
1898
1891
April 25, 1910
1901
*1875
1891
July 1, 1892
*1875
Jan. 29, 1914
1902
*1875
1894

a n d

Clifford and Ulm Street Building Lot Association.......................................................
Columbia Banking, Savings and Loan Association...................................................
Columbia Building Lot Association.................................... ..........................................

1875
1891
1891
1890
1890
1890
1875
1890
1890
1875
1890
1890
1875
1891
1890
1893
1875
1891
1875
1890
1890
1891
1908
1890
1890
1875
1890
1891
1875
1889
1890
1875
1875
1891
1893
1890
1891
1890
1895
1891
1895

S a v in g s

Central Park Dime Savings and Loan Association.....................................................
Central Permanent Savings and Aid Association........................................................

Closed.

w

MONROE COUNTY — (Continued).
A t l a n t ic S a v in g s a n d A id A s s o c ia t io n ..............................................................................

Bauer Homestead Association........................................................................................
Beachwood Homestead Lot Association.........................................................................
Brighton Permanent Savings and Loan Association........................................ ..........
Brockport Loan and Building Association....................................................................
Brown Street and Jefferson Avenue Dime Permanent Savings and Loan Association

First
report
for year.

May 7, 1888
Feb. 2 4 i1891
May 21, 1889
Sert. 23; 1886
Sept. 7i 1871
May 29, 1872
Jan.,
1888
1887
1888
1873
1888
1887
1891
1887

Aug.,
1891
Aug. 20, 1891

Nov. 14,
'
Sept. 4,
’
May 20,
Oct. 25,
Mar.
Oct.
Oct.
Nov.
May

1889
1889
1888
1891
1889
1882
1891

30, 1910
13, 1881
2911891
2, 1885
5, 1871

Oct. 9, 1890
May 16, 1890
J a y S t r e e t a n d P o o l F a r m B u il d in g L ot A s s o c ia t io n ........................................................
J a y St r e e t B u il d in g , A id a n d L o a n A s s o c ia t io n ....................................................................

Lake Avenue Permanent Savings and Loan Association.......................................................

June 29, 1871
July 21, 1890
' 1891
Feb. 5, 1889

§1901
Aug., 1893
*1891
1891
1892
1902
*1875
*1875
1896
11896
1902
1894
1900
July 10, 1893
1896
Nov. 4, 1904
' 1891
§1899
1896
*1875
*1875
1892
1900
*1875
*1876
1893
1893
1901

Rochester..............................
* The last report received was for that year.
f Name changed to Empire Permanent Savings and Loan Association.
%Formerly Empire Permanent
Loan Association, q. v.
§ Went into hands of receiver.
*f Name changed to American Homestead Savings and Loan Association.
|
| Name changed to
|
Mutual Benefit Savings and Loan Association.




A s s o c ia t io n s .

Mar. 1, 1887

1895
1894
Jan. 22, 1907
*1876
*1877
*1875
Dec. 30, 1904
*1875
1900
liJan. 4, 1892
*1875
*1895
1901
1912

of

1886
May 24, 1885
Mar. 14; 1871

|1899

L is t

May 4,
April 3,
May 23,
'
Aug. 20,
Mar. 27,
Sept. 17,

1890
1890
1891
1890
1890
1875
1875
1875
1891
1875
1890
1888
1875
1890
1890
1891
1890
1891
1891
1891
1890
1890
1890
1875
1875
1890
1890
1890
1890
1890
1891
1890
1890
1891
1890
1910
1890
1891
1890
1875
1875
1891
1890
1875
1875
1891
1891
1890

00 '

oo-

L ist

of

Savings

and

L oan A ssociations — (Continued).

NAMES OF ASSOCIATIONS.

19, 1890
13, 1890
19, 1888
19, 1889
5, 1889
19,1887
18, 1883
5, 1890
15, 1889
16, 1891
20, 1872

Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester................ ............
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................

Nov. 12,
May 11,
Feb. 18,
April 17,
April 9,
Feb. 26,
Jan. 2,
Aug. 18,
July 23,
Feb. 24,
Mar. 4,
Dec. 4,
Mar. 11,
June 23,
Jan. 2,
July 1,

1887
1871
1884
1888
1888
1872
1889
1890
1889
1886
1890
1889
1886
1871
1883
1890
1883
June 20, 1871
Nov. 9, 1889

Rochester..............................
Rochester..............................
Rochester..............................

May 1, 1872
Mar. 16, 1888
Oct. 8, 1885

M o n r o e C o - o p e r a t iv e B u il d in g L o t A s s o c ia t io n ..............................................

Monroe County Permanent Savings and Loan Association.................................
M o n r o e S a v in g s , A id a n d L o a n A s s o c i a t i o n ........................................................

Monroe Savings and Loan Association................................................................,
Mount Hope Avenue Dime Savings and Loan Associationf t .............................
Mutual Benefit Savings and Loan Associationf ...................................................
M u t u a l L o a n A s s o c i a t i o n ................................................................................................

National Savings and Loan Association................................................................
Newcrmb Homestead Association...........................................................................
New Homestead Loan Association.........................................................................
Ninth Ward Savings and Loan Association..........................................................
North Avenue and Randolph Street Homestead Association................................
North Avenue Building Lot Association................................................................
North Avenue Permanent Savings and Loan Association....................................
N o r t h C l in t o n S a v in g s a n d A id A s s o c ia t io n .......................................................

North Clinton Street Mechanics' Saving and Loan Association...........................
North-eastern Permanent Savings and Loan Association......................................
North Rochester Savings and Loan Association....................................................
N o r t h S t r e e t C e n t r a l S a v i n g s , A id a n d L o a n A s s o c ia t io n .......................

North-western Homestead Association...................................................................
O n t a r io Sa v i n g s , A id a n d L o a n A s s o c i a t i o n ........................................................
O n t a r io S t r e e t Sa v in g s a n d A id A s s o c i a t i o n ......................................................

Park Avenue Loan Association.. ........................................................................
People’s Permanent Savings and Loan Association.............................................




A s s o c ia t io n s .

June 10, 1891
July 19, 1887
Nov. 26, 1890

1897
1903
1899
Mar. 9, 1906
Mar. 15, 1909
1902
ttl899
1897
*1892
1897
*1875
*1877
1892
Jan. 11, 1905
1902
*1875
Mar. 13, 1905
*1875
May 3, 1910
1903
Jan. 5, 1906
*1877
J1894
1903
Sept. 29, 1904
June 22, 1911
1896
1897
1902
*1875
Dec. 13, 1907
Nov. 24, 1908
Jan. 2, 1905
*1875
Mar. 14, 1894
*1876
*1875
April 10, 1908
Jan. 23, 1909

L oan

Rochester..............................
Rochester..............................
Rochester..............................

1890
1891
1890
1890
1890
1890
1890
1890
1890
1891
1875
1877
1891
1890
1890
1875
1890
1875
1890
1890
1892
1875
1889
1890
1890
1890
1890
1891
1890
1875
1890
1890
1890
1875
1891
1875
1875
1890
1890

and

May
Mar.
Jan.
Feb.
July
July
June
Nov.
May
Nov.
May

Closed.

S a v in g s

Monitor Savings and Loan Association.................................................................
Monroe Avenue Dime Banking and Loan Association........................................
Monroe Avenue Homestead Association................................................................

Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................

First
report
for year.

on

M a p l e w o o d a n d L a k e A v e n u e C o - o p e r a t iv e B u il d in g L ot A s s o c ia t io n
M e c h a n ic s ’ M u t u a l B e n e f it S o c i e t y .......................................................................

Organized.

H eport

MONROE COUNTY — (Continued).
Lake View Homestead Association........................................................................
Leighton Lea Association........................................................................................
Lincoln Park Land Association.............................................................................
Lincoln Park Permanent Savings and Loan Association....................................
Lincoln Permanent Loan Association....................................................................
Lowell Dime Permanent Savings and Loan Association......................................
Lyell A venue Savings and Loan Association.........................................................
McKee Place Land Association.............................................................................
Main Savings and Loan Association** .................................................................
Maple Street Land Association..............................................................................

Location.

Phcenix Savings and Loan Association..................................................................................
Pinnacle Avenue Savings and Loan Association.................................................................
Plymouth Avenue Savings and Loan Association..................................................................
Polonia Savings and Loan Association..................................................................................
Profit Loan Association..........................................................................................................

May
Feb.
Jan.
Jan.
May

19,
24,
1,
27,
24,

1883
1890
1891
1890
1886

R e p u b l ic A id a n d L o a n A s s o c ia t io n ...............................................................................................

Rochester and Kenmore Land Company.................................................................................
R o c h e s t e r C e n t r a l A id a n d L o a n A s s o c ia t io n .......................................................................

Rochester Dime Savings and Loan Association......................................................................
Rochester Equity Deposit and Loan Association...................................................................

1892
May 9,1871
May 20, 1886
April 30, 1884

R o c h e s t e r F l o w e r C i t y S a v in g s a n d A id A s s o c ia t io n ........................................................
R o c h e s t e r G e r m a n S h a r p s h o o t e r s ’ C o - o p e r a t iv e B u il d in g L ot A s s o c ia t io n . . . .
R o c h e s t e r G e r m a n S h o o t in g P a r k C o - o p e r a t iv e B u ild in g L ot A s s o c i a i i o n .........

Rochester Permanent Savings Association.......................................'.....................................
Rochester Saving and Loan Association^...............................................................................

S t r a s b o u r g B u il d in g A s s o c i a t i o n ....................................................................................................
S t r a s s b u r g e r S a v in g s a n d A id A s s o c ia t io n ...............................................................................

Streb Lot Association................................................................................................................
Tenth Ward Dime Permanent Savings and Loan Association.............................................
Teutonia Permanent Savings and Loan Association.............................................................

T e u t o n ia S a v i n g s , A id a n d L o a n A s s o c ia t io n ................ ..................................

Aug. 25,
May 17,
April 1,
April,
Sept. 16,
Dec. 2,
Jan. 1,
Mar. 17,
Aug. 14,

1886
1881
1893
1886
1886
1889
1887
1891
1874

Aug. 11, 1891
June 16, 1887

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

Third Ward Permanent Savings and Loan Association....... ................................................
Thirteenth Ward Permanent Loan Association.....................................................................

July 13, 1886

T w e l f t h W a r d S a v in g s a n d L o a n A s s o c ia t io n ........................................................................

Jan.
Feb.
Aug.
May
Sept.
Aug.
Oct.
Oct.

Twentieth Ward Co-operative Savings and Loan Association..........................................
Union Dime Permanent Loan Association^ f t ............................... ......................................
Union Permanent Savings and Loan Association................................................................
U n io n S a v in g s a n d A id A s s o c i a t i o n ................................................................................................

United Permanent Savings and Loan Association..............................................................
Wadsworth Dime Banking, Aid and Loan Association......................................................
Wakelee Farm Dime Banking and Loan Association............................................................

7,
11,
2,
18,
5,
3,
12,
13,

1872
1896
1887
1886
1871
1886
1887
1886

*1876
1893
*1875
1896
Nov. 11, 1905
*1881
*1877
*1879
Dec..17, 1913
*1875
*1877
Feb. 26, 1914
*1875
*1876
*1875
1893
**1895
1898
1894
1902
1901
1892
1894
*1875
*1876
1894
Dec. 22, 1905
i|1896
*1875
1891
*1876
April 1, 1909
*1878

i.902
Rochester..............................
* The last report received was for that year.
**
* Purchased by Rochester Savings and Loan Association.
t Formerly Fourth Ward Permanent Savings
and Loan Association, q. v.
t t Receiver appointed March 7, 1903.
t t t Taken possession of and cfqeed J>y Superintendent of Banks.
J Name changed to
Rochester Savings and Loan Association by chap. 441, L. 1894.
tt Name changed to Knickerbocker puijding Loan Company.
If Formerly National Savings
and Loan Association, q. v.
| Receiver appointed.
|




A s s o c ia t io n s .

Saint Joseph Street Lot Association.......................................................................................
Saint Joseph Street Permanent Savings and Loan Association............................................
Security Loan Association......................................................................................................
Sehm Tract Building Lot Association....................................................................................
Sixth Ward Permanent Savings and Loan Association........................................................
South End Savings and Loan Association.............................................................................
South Park Homestead Tract Association.............................................................................
Standard Loan Association......................................................................................................
State Building and Loan Association.....................................................................................

1898
1892

of

R o c h e s t e r S h o o t e r s ’ C o - o p e r a t iv e B u il d in g L ot A s s o c ia t io n ......................................
R o c h e s t e r S h o o t in g P a r k C o - o p e r a t iv e L o t A s s o c ia t io n ................................................
R o c h e s t e r S h o o t in g P a r k S o c i e t y ..................................................................................................

1882
April 4, 1871
Jan. 23,1877
Jan. 2, 1889
Nov. 1, 1872
Nov. 23, 1872
April 1, 1874

Feb. 7, 1906

L is t

R o c h e s t e r S a v i n g s , A id a n d L o a n A s s o c ia t io n .......................................................................
R o c h e s t e r S a v in g s a n d L o a n A s s o c ia t io n ..................................................................................

1890
1890
1891
1890
1890
1875
1892
1875
1892
1890
1878
1877
1879
1892
1875
1877
1894
1875
1876
1875
1890
1890
1892
1893
1890
1890
1890
1890
1891
1875
1875
1891
1890
1890
1875
1890
1890
1875
1896
1890
1890
1875
1890
1890
1890

05

CO

L ist

of

Savings

and

c
s>

L oan A ssociations — (Continued).

NAMES OF ASSOCIATIONS.

Location.

Organized.

Washington Permanent Loan and Aid Association...............................................
Webster Avenue Homestead Lot Association............................................................
W e s t A v e n u e B u il d in g L o t A s s o c ia t io n ...................................................................

W e s t p h a l ia S a v in g s a n d A id A s s o c i a t i o n .................................................................

West Side Permanent Loan Association.................................................................
William Otis Building Lot Association...................................................................
Windsor Permanent Savings and Loan Association..............................................
Workingmen's Permanent Savings and Loan Association.....................................

Bank Clerks’ Co-operative Building and Loan Association of New York City,
Bankers’ Loan and Investment Company............................................................
Bellport Mutual Loan Association of New York....................................................
Birkbeck Investment Savings and Loan Company of Americat t t t .......................
Breslau Building and Loan Association..................................................................
Broadway Dry Goods Co-operative Building and Loan Association.................
C e n t r a l C o - o p e r a t iv e B u il d in g a n d L o a n A s s o c ia t io n ...................................

Central Park Co-operative Savings and Loan Association.....................................
Century Savings and Loan Company......................................................................
Chatterton Hill Building Lot Association.. : ..........................................................
Chosen Friends’ Home Loan and Savings League..................................................

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

Y ork.............................
York.............................
York.............................
York.............................
York.............................

C i t iz e n s ’ M u t u a l L o a n a n d A c c u m u l a t in g F u n d A s s o c ia t io n .....................

Citizens’ Savings and Loan Association of New York C ity...............................
City Loan and Investment Company........................................................................
Colonial Co-operative Savings and Loan Association.............................................




New York.............................
New York.............................

1887
1875
1883
1890
1890
1886

1890
1891
1889

Mar. 2,
Nov. 8,
Nov. 7,
May 24,
Mar. 26,
May,
July,
Feb. 18,
May 23,
Sept. 12,
June 20,
Aug. 13,
Dec.,
Jan. 27,
Oct. 1,

1888
1890
1890
1875
1890
1890
1891
1892
1891
1888
1888
1895
1891
1899
1890
1875
1890
1892
1895

1888
1890
1889
1870
1890
1890
1891
1892
1891
1888
1888
1895
1891
1899
1890

July 19, 1889
Mar.,
1892
Feb. 8, 1885

1899
*1875
*1900
Jan. 28, 1907
1899
1897

%

tti900
1111111930
*1875
1893
Dec. 27, 1912
1892
*1888
1900
1892
im tig o i

11111901
*1875
ttl894
1898

A s s o c ia t io n s .

A s t o r ia C o - o p e r a t iv e B u il d in g A s s o c i a t i o n ...........................................................

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

Oct. 11,
May 20,
Mar. 9,
April 30,
May,
April 3,

o

L oan

NEW Y ORK COUNTY.
American Co-operative Savings and Loan Associationt.....................................
Anglo-American Savings and Loan Association.....................................................
Assured Building-Loan Association........................................................................

1872
1886
1890
1873
1890
1889

1893
*1875
Dec. 28, 1905
1896
*1875
1898
Sept. 16, 1907

and

NASSAU COUNTY.
Hempstead Co-operative Building and Loan Association...................................
Port Washington Building and Loan Association of Queens County, N. Y . ...
Rockville Centre Savings and Loan Association..................................................

Feb. 28,
May 11,
May 2,
April,
Nov. 10,
Mar. 18,

Nov. 19, 1889
Oct. 28, 1891
Nov. 29, 1889

Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................
Rochester..............................

1890
1875
1890
1891
1875
1892
1890
1894
1892
1875
1892
1890
1890
1890

S a v in g s

West Avenue Loan Association................................................................................
Western New York Permanent Savings and Loan Association.............................
Western Savings and Loan Association................................................................
Westphalia Co-operative Savings and Loan Association........................................

Closed.

w

MONROE COUNTY — (Concluded).
Warner Street Building Lot Association..................................................................
W a s h in g t o n A id a n d L o a n A s s o c i a t i o n ......................................................................

First
report
for year.

Columbia Mutual Building and Loan Association of New York......................
Commonwealth Savings and Investment Company..............................................
Consolidated Building and Loan Association.....................................................
Co-operative Building Bank...............................................................................
Co-operative Home Building Association of New York.....................................

New York..............................
New York.............................

June 7, 1892
Feb. 10, 1891

C o - o p e r a t iv e R e a l E s t a t e A s s o c ia t io n .................................................................

New York.............................

Oct. 7', 1903
Mar. 8, 1882
June 4, 1888

Co-operative Savings and Loan Association of New Y o r k ftt .......................
Cosmopolitan Co-operative Building and Loan Association...............................
D a il y N e w s B u il d in g a n d L o a n A s s o c ia t io n .....................................................

F ir s t
F ir s t
F ir s t
F ir s t

C o - o p e r a t iv e L a n d a n d B u il d in g S o c i e t y ..............................................
N a t io n a l B u il d in g a n d M u t u a l L o a n A s s o c ia t io n ..........................
U n io n C o - o p e r a t iv e B u il d in g A ss o c ia t io n , S e c t io n 2 .................. •
.
U n io n C o - o p e r a t iv e L a n d a n d B u il d in g S o c i e t y ............................

Flushing Heights Co-operative Savings and Loan Association*a.......................
Fordham Co-operative Building and Loan Association......................................
Franklin Mutual Building and. Loan Association of New York.......................
Franklin Society for Home Building and Savings’^ ......................................
Fraternity Co-operative Building and Loan Association....................................
German-American Building and Loan Association of the City of New York
Greenwich Building and Loan Association.......................................................
Guardian Savings and Loan Company...............................................................
Hand in Hand Mutual Building and Loan Association..................................
Harbor and Suburban Building and Savings Associahontttt..........................
Harlem Co-operative Building and Loan Association........................................

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

York.............................
York.............................
York.............................
York.............................
York.............................
York.............................
York.............................
York.............................
York.............................
York.............................

New York.............................
New York.............................

April 26,
April 26,
April 26,
Feb. 9,
Feb. 16,
April 30,
Mar. 23,
April 20,
April 6,
Sept. 8,
May,
April,
April 3,
June 19,
Oct. 14,
July 1,
June 12,

Feb. 2,
June 29,
Jan. 12,
April 26,
July 5,

1888
1888
1888
1891
1888
1909
1891
1894
1891
1888
1891
1891
1901
1888
1902
1888
1889

1868
1905
1886
1894
1888
1888

1882
1888
1890
1888
1889
1894
1891
1888
1909
1891
1894
1891
1890
1891
1893
1901
1890
1902
1889
1899
1879
1875
1879
1875
1890

«1 902
1893
1891
J1903
1884
1891
§1889
11894
ttl896
1892
JJ1902
Aug. 17, 1911
ttl896
1893
1892
1892
1900
Nov. 22, 1908
Jan. 30, 1912
Nov. 20, 1906
Jan. 29, 1906
*1879
*1875
*1881
*1881
Feb. 16, 1906
' 1892
J1894

1896
New York.............................
1888
*1890
1889
Oct. 15j 1889
1890
New York............................. April 21, 1894
1895
tJNov. 1905
1892
J1892
New York............................. Mar. 25, 1892
New Y ork............................. Nov.,
1888
1894
Mar. 13, 1909
New Y ork............................. Mar. 21, 1887
ttFeb. 9, 1904
1887
* The last report received was for that year.
** Formerly Daily News Building, Savings and Loan Association, q. v.
*** Began proceedings in 1894 to
change name to Round Robin Savings and Loan Association, but discontinued them.
t Reincorporated July 21, 1897.
f t Name changed to Franklin Society
for Home Building and Savings.
f t t Formerly New York and Wakefield Co-operative Building and Loan Association.
t t t t Taken possession of and closed
by Superintendent of Banks.
J Never did any business.
I t Receiver appointed.
§ Name changed to Daily News Building, Savings and Loan Association.
1 Name changed to Daily News Savings and Building Loan Association. _
Formerly Daily News Savings and Building-Loan Association, q. v.
I fH Name
changed to United Savings-Loan Society.
| Formerly Daily News Building and Loan Association, q. v.
|
|[ Successor to United States Bond Company of New
||
York, q. v.
Merged in the Franklin Society for Home Building and Savings.
1H^1I*Receiver appointed May 18, 1901.
f l U t Charter forfeited by
non-user.
*1ll1[1[- Formerly Sun and Evening Sun Building, Mutual Loan and Accumulating Fund Asscciaticn, q. v.
*
*a Dropped from official list.
**a Assets sold to Serial Building, Loan and Savings Institution.




L is t o f A s s o c ia t io n s .

Daily News Building, Savings and Loan Association\\.....................................
Daily News Savings and Building-Loan Association* .....................................
**
Eagle Building, Mutual Loan and Accumulating Fund Association................
East Side Co-operative Building and Loan Association.....................................
Edgehill Co-operative Savings and Loan Association.....................................
Electric Building, Loan and Savings Association**a.........................................
Empire Loan and Investment Company..............................................................
Equitable Building and Loan Association\\\\......................................................
Equitable Permanent Co-operative Building and Loan Association..................
Equitable Savings and Investment Association...................................................
Equitable Savings Societj/^fTT^Hf*.........................................................................
European Liberty Building, Co-operative Savings and Loan Association..........
Excelsior Building and Loan Associah'on*1flf1ff * f t t t ......................................
Fairview Heights Building and Lot Association.................................................
Federal Co-operative Building and Loan Association.........................................
First Bohemian-Slavonic Co-operative Savings and Loan Association..........

1892
1891
1890
1890

CO

co

L ist

of

Savings

and

NAMES OF ASSOCIATIONS.

Location.

Feb. 24, 1888

Y ork.............................
Y ork.............................
Y ork.............................
York.............................
Y ork.............................
Y ork.............................
Y ork.............................

1889
1888
1890
1890
1888

Nov. 30, 1906
*1900
ttl891
§§1892
July 12, 1912
llll
July 13, 1911
*1*1900
*****01909
1903
1891

A s s o c ia t io n s .

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

New
New
New
New
New
New
New

J1893
§1899
§§§
If 1894
§1902

L oan

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

April 3; 1890
Oct. 9, 1889
June 1,1888
Feb. 22, 1888
Dec. 31, 1888
Mar. 14, 1888
Mar. 5; 1888
April 3, 1890
Sept.,
1889
Sept. 17, 1890
April 19, 1888
Sept. 6, 1894
May .23, 1906
Aug. 13, 1900
Mar. 29, 1888
June 4,1888
Jan.,
1890

1894
1892
1887
1893
1913
1890
1889
1888
1888
1889
1888
1888
1895
1890
1890
1888
llll
1906

Mar. 9, 1907
*1891
1903
**cl898
June 2,1913
§1899
June 29, 1912
1892
*51903
Oct. 3, 1906
*ol895
**ol893
****ol894
1899
May 20, 1911
*1*1903
tfl898
Nov. 23, 1905
**§*
§1901

and

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

1891
1888
1890
1894
1890
1909
1887
1893
1890
1896
1891
1890
1890
1893
1899
1890

Closed.

S a v in g s

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

April 15, 1891
May 28, 1888
1890
Jan. 30,1894
May 10, 1888
April 20, 1909
Sept. 6, 1887
April 25, 1893
1890
Feb. 16, 1894
July 1, 1890
April,
1890
April 10,1890
April 10, 1890
Sept. 14, 1898
June 18, 1883
April 16, 1903
April 10, 1890
April 27,1882
Aug.,
1887
Dec. 1, 1893

First
report
for year.

on

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

Organized.

K eport

NEW Y O R K COUNTY — (Continued).
Harlem River Building, Loan and Savings Association..........................................
Herald Employees’ Co-operative Building and Loan Association.............................
Holland Building and Loan Association.....................................................................
Home Circle Building and Loan Association..............................................................
Home Mutual Building and Loan Association...........................................................
Hudson Co-operative Savings and Loan Association..................................................
Industrial Co-operative Building and Loan Association............................................
Industrial Savings and Loan Companj/***ctttt........................................................
International Loan and Savings Society......................................................................
Investors’ Savings and Loan Company****c..............................................................
Italian Co-operative Building, Savings and Loan Association...................................
Jewelers' Building and Loan Association........................... . ......................................
Keystone National Savings, Loan and Investment Association..................................
Keystone Savings and Loan Association***a........... ..................................................
Knickerbocker Co-operative Savings and Loan Association of the City of New York
..........................................
Knickerbocker Savings and Loan Company*ct t t t
Kupeler Share Co-operative Savings and Loan Association.......................................
Lenox Building Loan Company................................. ..................................................
Manhattan and Suburban Savings and Loan Institution. . . . ...................................
Manhattan Mutual Co-operative Savings and Loan Associationt .............................
Manhattan Real Estate and Loan Company of New York........................................
Manhattan Savings and Loan Association...............................................................
Mercantile Building and Loan Association................................................................
Mercantile Co-operative Bank.......................................................................... ..
Methodist Book Concern Employees’ Co-operative Building and Loan Association..
Metropolitan Co-operative Building and Loan Association.......................................
Millinery Building and Loan Association.................................................................
Mount Morris Co-operative Building and Loan Association.................................
Murray Hill Co-operative Building and Loan Association**....................................
Mutual Realty and Loan Corporation^ t.....................................................................
Mutual Savings and Distribution Fund Association..................................................
National Homestead Company.....................................................................................
National Mutual Building and Loan Association of New York...............................
New Century Co-operative Savings and Loan Association. .......................................
Newmark Dwinsker Co-operative Savings and Loan Associaiiont+tt......................
New York and Bellport Co-operative Savings and Loan Association. ......................
New York and Suburban Co-operative Building and Loan Association...............
New York and Wakefield Co-operative Building and Loan Association...................
New York Building-Loan Banking Company aa............. ..........................................
New York City Co-operative Savings and Loan Association.....................................
New York Co-operative Building and Loan Association........................................




GO

L oan A ssociations — (Continued).

N e w Y o r k C o - o p e r a t iv e B u il d in g L ot A s s o c ia t io n .................................................

New
New
New
Ntw
New

York Edison Savings and Loan Association, The............................................
York Mortgage Company of New York...............................................................
York Mutual Savings and Loan Association.......................................................
York National Building and Loan Association......................' ...........................
York State Mortgage Bank and Savings Association..........................................

N e w Y o r k T o n t in e S o c i e t y ......................................................................................................

New
New
New
New
New
New
New
New
New
New
New
New

Y ork.............................
Y ork.............................
Y ork.............................
Y ork.............................
Y ork.............................
York.............................
York.............................
York.............................
Y ork.............................
Y ork.............................
Y ork.............................
Y ork.............................

New
New
New
New

Y ork.............................
Y ork.............................
York.............................
Y ork.............................

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

Y ork.............................
Y ork.............................
Y ork.............................
Y ork.............................

1892
1890
1885
1894
1903
1890
1888
1895
1899
1899
1892
1890
1891
1893
1895
1894
1889
1889
1875
1875

*1876
Feb. 23, 1906
Feb. 12, 1907
§1899
Feb. 10, 1912
*1884
§1902
July 15, 1909
1892
*1910
Sept. 7, 1906
1902
Nov. 26, 1909
f f ** *901
1
April 18, 1904
1903
fSept. 2, 1910
f f 1896
Mch. 29, 1912
ff* *
tttl898
tttM ar. 9, 1906
Mch. 8, 1913
*1892
§1900
1896
f f f 1899

*188o
*187g
*The last report received was for that year.
** Reincorporated February 17, 1897. _ *** Removed from Rochester in 1897.
t Reincorporated May 3,
1895.
t t Formerly Mercantile Building and Loan Association, q. v.
t t t Receiver appointed March 7, 1898.
t t t t Taken possession of and closed by Super­
intendent of Banks.
t Did not report for the years 1893 and 1894; name changed to Mutual Realty and Loan Corporation in 1895.
Jt Dissolved by action
because of fraudulent and illegal practices.
t t t Formerly Mercantile Association of Brooklyn, q. v.; removed from Kings county in 1899; merged with Knicker­
bocker Savings and Loan Company, 1906.
§ Receiver appointed.
§§ Absorbed by Granite State Provident Association, Manchester, N. H.
§§§ Formerly
Methodist Book Concern Employees’ Co-operative Building and Loan Association, q. v.
If In hands of receiver.
f f Name changed to Investors’ Savings and
Loan Company.
f f f Receiver appointed October 23, 1899.
| Name changed to the Prudential Savings and Loan Association of New York, N. Y.
|
|| Never
||
completed incorporation.
| | [ Formerly Teachers’ Equitable Building-Loan Association, q. v.
j| |
*a Merged in the Produce Exchange Building and Loan Associ­
ation.
**a Name changed to Keystone Savings and Loan Association.
***a Formerly Keystone National Savings, Loan and Investment Association, q. v,
****a Name changed to Lenox Building-Loan Company.
Name changed to Co-operative Savings and Loan Association of New York.
*6 Receiver
appointed August 29, 1903.
*c Formerly Knickerbocker Building-Loan Company, Rochester, changed from Lyell Avenue Savings and Loan Association, q. v.,
removed to New York city in 1905.
**c Receiver appointed June 4, 1898.
***c Removed from Syracuse in 1899.
****c Formerly Peter Cooper Savings
and Loan Society, q. v.
*d Removed to Kings county in 1908.
* f * Did not commence business. **§* Merged in the Franklin Society for Home Building and
Savings, August 19, 1901.
Ilf* * Charter abandoned.
I f f *** Removed from Kings county in 1902.
aa Receiver appointed September 12, 1903.
bb Receiver appointed April 15, 1903.
S e c o n d N a t io n a l B u il d in g a n d M u t u a l L o a n A s s o c ia t io n .................................
S e c o n d U n io n C o - o p e r a t iv e L a n d a n d B u il d in g S o c i e t y .......................................




New York.............................

1867

A s s o c ia t io n s .

New
New
New
New

1875
1912
1893
1890
1890
1891
1884
1890
1902
1891
1890
1893
1900
1899

of

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

1868
1912
1892
1890
1890
1891
1884
Oct. 2, 1886
Mar. 18, 1902
April 11, 1891
Sept. 12, 1889
Oct. 18, 1893
June 6,1900
June 27, 1899
May 20, 1901
April 4, 1892
July 10, 1888
July 2, 1884
Feb. 16, 1894
Mar. 12, 1903
Oct. 25, 1886
July 2, 1888
May 16, 1901
Feb. 20, 1895
Jan.,
1882
June 1, 1888
July 23, 1891
Mar. 5, 1890
Feb. 2, 1891
Feb. 20, 1890
Mar. 19, 1895
Jan. 11, 1894
Sept. 18, 1888
Oct. 23, 1887
May 9,
Mar.,
June 26,
Jan. 13,
Sept. 28,

L is t

New York World Co-operative Building and Loan Association..................................
Nineteenth Ward Co-operative Savings and Loan Associaiionfttt.............................
Nonpareil Savings and Loan Association.....................................................................
Northern Building, Savings and Loan Association......................................................
Novy Tabor Building and Mutual Loan Corporation..................................................
Ocean Avenue Lot Associatiowf f f * * * ..........................................................................
Ocean Breeze Building Lot Association.........................................................................
Our Own Home Association...........................................................................................
Park Building and Loan Association.............................................................................
People's Co-operative Building and Loan Association bb............................................
People’s Real Estate Tontine*d....................................................................................
Peter Cooper Savings and Loan Society.......................................................................
Polonia Co-operative Savings and Loan Association................... ............................
Popular Banking, Savings and Loan Assoctah'on***|ttt..........................................
Produce Exchange Building and Loan Association...................................................
Prospect Co-operative Savings and Loan Association..................................................
Provident Co-operative Savings and Loan Association................................................
Provident Savings-Loan Investment Company (The) t t t ............................................
Prudential Savings and Loan Association of New York, N. Y. (The) §§§...............
Railroad Brotherhoods Savings and Building Association.......................................
Railroad Co-operative'Building and Loan Association..............................................
Railroad and Steamship Employees’ Mutual-Building and Loan Association...........
Republic Savings and Loan Associo<ton||||||.................................................................
Retail Merchants’ Co-operative Savings and Loan Association...................................
Riverside Building and Loan Association.....................................................................
Safety Co-operative Building, Loan and Savings Association of New York C ity ..
Scandinavian Building and Mutual Loan Association of New York and Brooklyn

New York.............................

05

to

L ist

of

Savings

and

o

L oan A ssociations — (Continued).

NAMES OF ASSOCIATIONS.

NEW Y ORK COUNTY — {Concluded).
Surety Building-Loan Mortgage Company***.......................................................................

Location.

Organized.

1891

North Tonawanda...............

Nov. 10, 1910
May 5, 1890

Suspension Bridge................
North Tonawanda...............

Sept. 5, 1887
1890
May 1, 1887




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

Y ork.............................
York.............................
Y ork.............................
York.............................
Y ork.............................

New
New
New
New
New
New
New

Y ork.............................
York.............................
York.............................
Y ork.............................
Y ork.............................
Y ork.............................
Y ork.............................

1910
1890
1890
1888
1890
1889

1894
1894
1897
II! 1**1902
llll 1893
f f Dec. 12, 1905
1893
Jan. 24, 1907
Dec. 19, 1904
11HI1894
Jan. 20, 1904
*t*1893
*t*M ay 1, 1893
iHTJan. 5, 1905
Feb. 16, 1912
Jan. 2, 1905
*1900
1903
*1875

1896
*1893
Sept. 25, 1894

A s s o c ia t io n s .

NIAGARA COUNTY.
Home Co-operative Savings and Loan Association............................................................
Homestead Loan Association...................................................................................................
Lockport Savings and Loan Association..............................................................................
Niagara Permanent Savings and Loan Association............................................................
Niagara Savings and Loan Association..................................................................................
North Tonawanda Aid and Savings Association...................................................................

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

o

w
H

L oan

New York.............................
New York.............................

April,
1892
April,
1891
Jan. 20, 1885
Dec. 31, 1891
Dec., • 1891
Aug. 20, 1892
Feb.,
1888
Mar. 22, 1911
April 10, 1888
June 19,1888
Sept.,
1888
July 6, 1888
Feb. 20, 1890
Dec. 6, 1895
Dec.,
1889
April 20, 1888
Jan. 4, 1889
Sept. 12, 1888
Jan. 1, 1891
Oct. 1, 1890
Jan. 1, 1891
Dec. 15, 1890
Dec. 15, 1890
July 22, 1891
Jan. 15, 1894
May 20, 1896
Nov. 14, 1887
Aug. 17, 1888
Sept. 24, 1900
Oct. 4, 1875

1898
*1889
tttl893
tttl892

and

New York.............................
New York.............................

1892
1889
1892
1891
1885
1892
1892
1892
1888
1911
1888
1890
1890
1889
1890
1895
1890
1890
1889
1889
1892
1890
1891
1891
1893
1891
1894
1896
1888
1890
1900
1875

S a v in g s

April,

on

W o o d l a w n H e ig h t s M u t u a l B u il d in g A s s o c i a t i o n ...............................................................

Closed.

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

S e c u r it y C o - o p e r a t iv e S a v in g s a n d L o a n A s s o c ia t io n .......................................................

Security Investment Company.................................................................................................
Security Mutual Bank.............................................................................................................
Serial Building, Loan and Savings Institution....................................................................
Sherman Park Bau-Verein, No. 1 .........................................................................................
Sherman Park Savings and Building Association.................................................................
Silver Lake Park Building and Loan Association.................................................................
Star Co-operative Building and Loan Association..............................................................
Steamship Clerks’ Savings and Loan Association...............................................................
Stuyvesant Co-operative Building and Loan Association§§...................................................
Sun and Evening Sun Building, Mutual Loan and Accumulating Fund Association........
Teachers’ Building and Loan Association of New York C ity............................................
Teachers’ Co-operative Building and Loan Association of the City of New York.'........
Teachers' Equitable Building-Loan Association....................................................................
Treasury Corporation Co-operative-Savings and Loan Association......................................
Triangle-Building, Loan and Tontine Savings Fund Association........................................
Twenty-third Ward Co-operative Building and Loan Association........................................
Union Building, Loan and Savings Association....................................................................
Union Square Permanent Co-operative Building and Loan Association..........................
United Building and Loan Bank............. ...............................................................................
United Savings-Loan Society**}[* ...........................................................................................
United States Bond Company............................................................. ....................................
United States Building-Loan League.......................................................................................
United States Savings and Loan Bank*§*..............................................................................
Universal Trust Companyt t t t ...............................................................................................
Washington Heights Savings and Loan Association..............................................................
Westchester Co-operative Savings and Loan Association.......................................................
West End Co-operative Building and Loan Association....................................................
West Side Mutual Building, Loan and Saving Association of the City of New York. ..
Wood-Harmon Co-operative Savings and Loan Association..................................................

First
report
for year.

1891
1884
1893
1888
1900
1891

1891
1884
1893
1890
1900
1891

ONONDAGA COUNTY.
Atlantic Savings and Loan Association of Syracuse, N. Y . . . .
Central City Building and Loan Association.............................
Central New York Co-operative Savings and Loan Association
Commercial Building and Loan Company.................................
Cosmopolitan Building and Loan Association...........................
Eastern Building and Loan Association of Syracuse, N. Y . ...
Empire Co-operative Savings’ Building and Loan Association.
|
Empire Savings and Loan Association | t t t t ...........................
Fair City Co-operative Savings and Loan Association..........
Home Building and Lot Association..........................................
Interstate Building and Mutual Loan Association....................
Merchants and Mechanics’ Savings and Loan Association.......
Merchants' Co-operative Savings and Loan Association...........
New York Savings and Loan Association..................................
Onondaga Savings and Loan Association..................................
People’s Building, Loan and Saving AssociationXt..................
Safety Investment and Loan Company.......................................
Syracuse Co-operative Savings and Loan Association...........
United Savings, Building and Loan Association.......................

Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse

Mar. 21, 1892
Mar. 27, 1891
1889
Mar. 30,
Mar. 1,
Feb. 13,
Feb. 13,
July 8,
Sept. 23,
Jan. 25,
Feb. 28,
Mar.,
Dec. 27,
June 22,
Dec. 22,
June 23,
Feb. 4,
July 14,

1892
1891
18SO
1892
1892
1890
1892
1894
1908
1898

ONTARIO COUNTY.
Geneva Permanent Loan and Saving Association..........
Universal Savings and Loan Company..............................

Geneva
Geneva

April 19, 1886
Mar.,
1891

ORANGE COUNTY.
Building and Loan Association of Newburgh, N. Y ..................
Co-operative Loan and Savings Society......................................

1892
1890
1892
1892
1908
1898
1893
1894
1890
1893
1893
1887
1890
1888
1893

1894
1890
1893
1887
1890
1888
1893
1890
1891

1895
111900
tl898
J1S94
§1892
111901
Dec. 29, 1906
11894
July 29, 1912
........... **i90i
§1893
1899
1892
§1893
ttl899
ttl901
111901
................1.894

Nov. 18, 1908

1886
Newburgh..
May,
1886
1892
Aug. 13, 1891
Port Jervis.
*1878
1876
1872
Port Jervis.
*1877
1875
Port Jervis.
1910
Goshen Co-operative Savings and Loan Association (The).......
Aug. 5, 1910
Goshen.......
1889
Homestead Building and Loan Association................................
Dec.,
1888
Middletown
*1876
1875
M id d l e t o w n B u il d in g a n d L o a n A s s o c ia t io n ..........................
Sept.23, 1873
Middletown
*1879
1875
M u t u a l B u il d in g a n d L o a n A s s o c ia t io n ....................................
July 1, 1874
Port Jervis.
* The last report received was for that year.
** Charter forfeited by non-user.
*** Formerly Security Mutual Bank, q. v.
t Receiver appointed
April, 1898.
f t Assignee appointed.
t t t Consolidated with the Bankers’ Loan and Investment Company.
t t t t Taken possession of and closed by Super­
intendent of Banks.
t Transferred to Eastern Building and Loan Association of Syracuse, N. Y.
t t Removed from Geneva to Syracuse in 1895.
t t t Name
changed to Security Building-Loan Mortgage Company: did not report for 1892.
§ Did not do any business.
§§ Receiver appointed December 9, 1897.
1 Name changed to Empire Savings and Loan Association.
H Receiver appointed.
H I Transferred to People’s Co-operative Building and Loan Associa­
tion.
| Formerly Empire Co-operative Savings, Building and Loan Association, q. v.
|
|||]Name changed to Republic Sayings and Loan Association.
**1* Formerly Chosen Friends’ Home, Loan and Savings League, q. v.
*f* Succeeded by the Equitable Building and Loan Association.
*t* Name changed
to United States Savings and Loan Bank.
* § * Formerly United States Building-Loan League, q. v.
||||**Name changed to Excelsior Building and
Loan Association.
D e e r f a r k a n d W e s t f a l l B u il d in g a n d L o a n A ss o c ia t io n
D e l a w a r e B u il d in g a n d L o a n A s s o c ia t io n ...............................




A s s o c ia t io n s ,

Feb. 7,
Feb.,
April 3,
Aug. 23,
Oct. 1,
April,

of

Utica..............
Utica..............
Whitesboro. . .
Rome..............
Oriskany Falls
Utica..............

L is t

ONEIDA COUNTY.
Cornh'll Building and Loan Association........................................
Homestead Aid Association of Utica.............................................
Homestead Aid Association of Whitestown, N. Y .......................
Mutual Savings, Loan and Building Association of Rome, N. Y
Oriskany Falls Cc-operative Savings and Loan Association........
Savings, Building and Loan Association of Utica..........................

L ist

of

Savings

and

b©

L oan A ssociations — (Continued) .

NAMES OF ASSOCIATIONS.

First
report
for year.

Orange County Building and Loan Association, No. 2 ......................................................
Port Jervis Building and Loan Association, No, 1, of the Village of Port Jervis, Orange
County, N. Y .......................................................................................................................
Port Jervis Real Estate and Loan Association...................................................................
Port Jervis Savings and Loan Association, No. 1...............................................................
Union Building and Loan Association of the Town of Woodbury, County of Orange,
State of New Y ork..............................................................................................................
W a l l k il l B u il d in g a n d L o a n A s s o c i a t i o n ..................................................................................
Warwick, Monroe and Chester Building and Loan Association........................................
Woodbury, Monroe and Chester Building and Loan Association.........................................

1875
1875
1890

Port Jervis............................
Port Jervis............................
Port Jervis............................

May 30, 1868
Aug.,
1891
May 30, 1868

1875
1892
1875

Central Valley......................
Middletown..........................
M onroe.................................
Central Valley......................

April,
Oct. 12,
Feb. 27,
Feb.,

1890
1873
1903
1889

1890
1875
1903
1890

ORLEANS COUNTY.
Medina Savings and Loan Association.................................................................................
Orleans County Co-operative Savings and Loan Association............................................

Medina..................................
Albion...................................

Mar. 20, 1888
July 16, 1889

1888
1889

Oct. 1,
Aug. 4,
Feb. 1,
Aug. 14,
July 22,
July 8,
Feb. 20,
April 16,
Oct. 16,
Aug. 1,

Mar. 5, 1890
1884
1888
1874
1888
1890
1879
1873
1884
1888
1890
1890

1890
1884
1888
1875
1888
1890
1879
1875
1884
1888
1893
1890

OTSEGO COUNTY.
Oneonta Building and Loan Association..............................................................................

Oneonta.................................

April 27, 1888

1888

QUEENS COUNTY.
Astoria Real Estate Association..............................................................................................
Bohemian Tax-payers' Co-operative Savings and Loan Association of Long Island City. .
Central Permanent Building and Loan Association...........................................................
Columbia Building and Loan Association!..........................................................................
Flushing Co-operative Savings and Loan Association.......................................................
Long Island City Building and Loan Association...............................................................

Long Island C ity..................
Long Island City..................
Long Island City..................
Woodhaven...........................
Flushing................................
Long Island City..................

Mar. 4,
Jan. 4,
Dec. 4,
Aug. 14,
Mar.,
June,

1890
1897
1889
1889
1890
1887

*1876
tti903

E m p ir e S a v in g s a n d A id A s s o c ia t io n ..............................................................................................

Frontier Permanent Building and Loan Association..........................................................




1889
1897
1888
1889
1888
1887

*1888
*1879
1893
*1883
April, 1878
*1888
April, 1892

*1902
**Mar. 3, 1906

A s s o c ia t io n s .

Oswego..................................
Oswego..................................
Oswego..................................
G e r m a n D e p o s it a n d A id A s s o c ia t io n ...........................................................................................
Oswego..................................
Home Savings and Aid Association....................................................................................... Oswego..................................
Lake City Building and Loan Association........................................................................... Oswego..................................
M u t u a l D e p o s it a n d A id A s s o c i a t i o n ........................................................................................... Oswego..................................
O n t a r io S a v in g s a n d A id A s s o c i a t i o n .....................................................................•..................... Oswego..................................
O sw e g o M u t u a l S a v in g s a n d A id A s s o c ia t io n ......................................................................... Oswego..................................
Oswego Savings and Loan Association................................................................................... Oswego..................................
Reciprocity Building and Loan Association...................................................................... . Oswego..................................
Security Building and Loan Association.............................................................................. Oswego..................................

tttt

L oan

OSWEGO COUNTY.
Dime Building and Loan Association...................................................................................

*1879
*1882

•

and

Aug. 2, 1875
Aug. 13, 1886

S a v in g s

Port Jervis............................
Port Jervis............................

ORANGE COUNTY — {Concluded).
N e v e r s in k B u il d in g a n d L o a n A s s o c ia t io n ...............................................<..............................
O r a n g e C o u n t y B u il d in g a n d L o a n A s s o c i a t i o n ...................................................................

Closed.

on

Organized.

R eport

Location.

April 14, 1892
May 22, 1888
Aug. 31,1891

1893
1888
1891

Feb. 24, 1913

T r o y S a v in g s C o m p a n y ............................................................................................................................

Castleton.. . .
Castleton.. ..
Hoosick Falls
Troy.............
Hoosick Falls
Troy.............
T roy.............
Troy.............

1882
May 1,1889
June,
1889
Feb. 25, 1889
Oct. 25, 1897
1870

1913
1890
1885
1889
1889
1889
1897
1875

RICHM OND COUNTY.
Edgewater Co-operative Savings and Building-Loan Association.....................................
Milliken Co-operative Savings and Loan Association of New Y ork.................................
New Brighton Co-operative Savings and Loan Association..............................................
Northfield Building, Loan and Savings Association...........................................................
North Shore Building, Loan and Savings Association........................................................
Polish Savings and Loan Association of Richmond County, N. Y., The.........................
Port Richmond Co-operative Savings and Loan Association............................................
Prohibition Park Building, Loan and Savings Association..................................................
Richmond Borough Co-operative Savings and Loan Association......................................
Richmond County Building and Mutual Loan Association................... ...........................
Staten Island Building, Loan and Savings Association......................................................
Tompkinsville Co-operative Savings and Loan Association..............................................
Westerleigh Building, Loan and Savings Associationt.......................................................

Stapleton.................
Mariner’s Harbor...
New Brighton.........
Mariner’s Harbor...
Port Richmond. . . .
Port Richmond. . . .
Port Richmond. . . .
West New Brighton.
Mariner’s Harbor...
Tottenville..............
West New Brighton
Tompkinsville.........
West New Brighton

May,
May 4,
July 17,
Feb.,
April 18,
July 18,
Feb. 3,
Dec. 9,
Aug. 25,
Dec. 13,
Feb. 8,
July 13,
Dec. 9,

1887
1906
1900
1887
1888
1912
1910
1892
1902
1881
1876
1908
1892

1887
1906
1900
1887
1888
1912
1910
1893
1902
1881
1876
1908
1902

Spring Valley
Spring Valley
Spring Valley
Nyack..........
Pearl R iver..
Haverstraw..
Haverstraw..
Suffern..........

Sept. 1, 1889
May,
1891
Mar. 1, 1891
June 13,1888
April 25, 1899
June 1, 1888
June 1, 1888
Feb. 1, 1887

1889
1892
1892
1890
1899
1890
1890
1887

Suffern..........

Feb.

1, 1887

1887

Canton.......
Gouverneur,
Norwood...
Ogdensburg,
Potsdam. . .

Feb. 27, 1889
Jan. 14,1892
May 1, 1890
April 21,1888
May 16, 1890

1890
1892
1890
1888
1890

RENSSELAER COUNTY.
Castleton Building, Savings and Loan Association.............................................................
Castleton Savings and Loan Association................................................ •
..............................
H o o sic k : B u il d in g a n d L o a n A s s o c ia t io n .....................................................................................

Industrial Building-Loan and Savings Association of T roy...............................................
Permanent Savings and Loan Association of Hoosick Falls, New York...........................
Pioneer Building-Loan and Savings Association of Troy...................................................
Troy Co-operative Savings and Loan Association..............................................................

ROCKLAND COUNTY.
Co-operative Savings and Loan Association of Spring Valley...........................................
Helping Hand Building and Loan Association.....................................................................
Home Building and Loan Association of Spring Valley.....................................................
Nyack Building, Co-operative Savings and Loan Association...........................................
Park Co-operative Savings and Loan Association of Pearl River, New York.................
Provident Building and Loan Association of Haverstraw, N. Y., Inc., T he....................
Provident Building and Loan Association of Spring Valley, New York | .........................
|
Suffern Savings and Loan Association.................................................................................
Town of Ramapo Building and Loan Association, No. 1, of the Village of Suffern, Rock­
land County, New Yor&ftt.................................................................................................
ST. LAWRENCE COUNTY.
Canton Savings and Loan Association.................................................................................
Gouverneur Savings and Loan Association.........................................................................
Norwood Savings, Loan and Building Association.............................................................
Ogdensburg Savings and Loan Association.........................................................................
Potsdam Savings, Loan and Building Association..............................................................
* The last report received was for that year.

** Receiver appointed 1906.

t Formerly Prohibition Park Building, Loan and Savings Association, g. v.
t t t Name changed to Suffern Savings and Loan Association, July 1, 1911.

*1881

***1902

1893

I
I
ttt

*** Name changed to Westerleigh Building, Loan and Savings Association,

t t Name changed to Warwick,.Monroe and Chester Building and Loan Association,
t t t t Name changed to Port Jervis Savings and Loan Association Number 1,

February 1, 1912.
J Removed from Brooklyn, Kings County, December 7, 1899.
§ Reincorporated February 7, 1896.
Name changed to The Provident Building and Loan Association of Haverstraw, N. Y., Inc., May 26, 1913.




1891
*1889

L is t o f A s s o c ia t io n s .

Flushing. .
Jamaica...
Whitestone

Long Island Savings and Investment Association..............................................................
Queens County Co-operative Savings and Loan Association............................................
Whitestone Co-operative Savings and Loan Associations..................................................

| Reincorporated October 18, 1896.
|

05

L ist

of

Savings

and

L oan A ssociations — (Concluded).

NAMES OF ASSOCIATIONS.

Location.

Organized.

1905

SCHENECTADY COUNTY.
Schenectady Building, Loan and Savings Association of the City of Schenectady.........
Standard Co-operative Savings and Loan Association...........................................................
SENECA COUNTY.
Seneca Building and Loan AssociationIf................................................................................

Closed.

April 17, 1895

1889
1895

April 1,1893

1893

Nov. 14,
Feb. 4,
Feb. 6,
May 14,
Mar. 27,
Jan. 18,
April 1,
Feb. 24,
Jan. 20,

1889
1890
1890
1899
1888
1906
1891
1891
1888

1890
1890
1890
1889
1888
1906
1891
1896
1888

Amityville.............................
Babylon.................................
Sayville.................................

Nov. 20, 1893
May 31, 1895
July 2, 1894

1893
J1895
1894

189 j
t
Dec. 31, 1904

W a v e r l y M u t u a l L o a n A s s o c ia t io n ...............................................................................................

Waverly................................

July 21, 1903
April, ' 1876

1903
1876

*1885

TOM PKINS COUNTY.
Trumansburg Co-operative Savings and Loan Association...................................................

Trumansburg........................

April 30, 1907

1907

Aug. 25, 1909

July

1889

§1891

STEUBEN COUNTY.
Avoca Co-operative Savings and Loan Association............................................................
Bath Savings and Loan Association.....................................................................................
Cohocton Dime Savings and Loan Association.......................................................................
Corning Co-operative Savings and Loan Association.........................................................
Hornellsville Co-operative Savings and Loan Association.................................................
Maple City Co-operative Savings and Loan Association...................................................
Union Dime Savings and Loan Association of North Cohocton and Bloods........................
Wallace Co-operative Savings and Loan Association.............................................................
Wayland Dime Savings and Loan Association....................................................................
SUFFOLK COUNTY.
Amityville Co-operative Building, Loan and Savings Associationt ......................................
Babylon and Oak Beach Co-operative Savings and Loan Association...................................
Co-operative Savings and Loan Association of Sayville.........................................................

Seneca Falls........................

Cohocton...............................

North Cohocton...................
Wallace.................................

. TIOGA COUNTY.
Waverly Co-operative Savings and Loan Association........................................................

ULSTER COUNTY.
Home Co-operative Savings and Loan Association of the City of Kingston, Rondout, N . Y. Rondout................................
Home-Seekers’ Co-operative Savings and Loan Association of the City of Kingston,
N. Y.||...................................................................................................................................
Kingston Co-operative Savings and Loan A ssociation....................................................
Saugerties Co-operative Savings and Loan Association (The)..........................................
Wallkill Valley Savings and Loan Association.................................................................... Wallkill.................................




5, 1889

July 21,
Jan. li',
Nov. 7,
Sept. 3.

1891
1892
1907
1913

1891
1892
1907
1913

1898

**1896

1901
1899

R e p o r t o n S a y in g s a n d L o a n A s s o c ia t io n s .

SARATOGA COUNTY.
Mechanicville Co-operative Savings and Loan Association...............................................

First
report
for year.

W ARREN COUNTY.
Glens Falls Savings and Loan Association.....................................................

1890

WASHINGTON COUNTY.
Whitehall Co-operative Saving and Loan Association...................................
W AYNE COUNTY.
Lyons Co-operative Savings and Loan Association...........................................
Wayne Building, Loan and Accumulating Fund Association..........................

W YOM ING COUNTY.
Tonawanda Valley Co-operative Savings and Loan Association.....................
YATES COUNTY.
Home Savings and Loan Association of Penn Y an.......................................

Lyons.....................................
Palmyra................................

Mar. 31, 1909
Mar. 8,1888

1909
1888

***Mar.

9, 1911
WOO

Yonkers.................................
White Plains.........................

Jan. 19, 1897
Mar. 17, 1893

1898
1895

Yonkers.................................

Dec. 24,1890
Sept. 15| 1888
May 2, 1900
July 1,1890
' 1891

White Plains.........................
Williamsbridge.....................

May 1, 1889
Feb. 28, 1890
Jan. 18,1888

1897
1893
1901
1887
1890
1890
1900
1890
1895
1890
1889
1892
1888

Attica....................................

May 14,1907

1907

July 16, 1909

Jan. 27,1890

1890

i.902

1901
1893

* The last report received was for that year.
** Receiver appointed.
*** Never commenced business; name dropped from official list.
t Consolidated
with the Anglo-American Savings and Loan Association of New York city.
t Never completed incorporation.
§ Succeeded by Home-Seekers’ Co-operative
Savings and Loan Association of the. City of Kingston, N. Y.
f Has not reported since 1895.
IHf Orlando F. Thomas appointed receiver August 2, 1900.
Successor to Home Co-operative Savings and Loan Association of the City of Kingston, Rondout, N. Y., q. v.




L is t o f A s s o c ia t io n s .

WESTCHESTER COUNTY.
Fidelity Co-operative Savings and Loan Association........................................
Harrison Building and Loan Association.........................................................
Hastings-on-Hudson Building, Co-operative Savings and Loan Association
Home Building and Loan Association of Mount Vernon..............................
Mamaroneck Co-operative Savings and Loan Association...........................
New Rochelle Co-operative Building and Loan Association........................
Park View Lot Association................................................................................
Peekskill Co-operative Building, Savings and Loan Association.................
Tarrytown and North Tarry town Building and Loan Association..............
Tuckahoe Home Building and Loan Association...........................................
White Plains Building and Loan Association..................................................
Williamsbridge Building and Loan Association...............................................
Yonkers Building and Loan Association.........................................................

Dec. 31, 1910

Or




DETAILED STATEMENT
OP THE CONDITION OF THE

SAVINGS AND LOAN ASSOCIATIONS
OF THE

S T A T E

O K

N K W

Y O R K ,

JANUARY i, 1914 .
A S C O M P IL E D F R O M R E P O R T S T O T H E B A N K IN G D E P A R T M E N T

These Associations are Arranged Alphabetically by Counties.




[47]




A L B A N Y COUNTY.
ALBANY COUNTY SAVINGS AND LOAN ASSOCIATION.
Nos. 309-313 South Pearl street, A lbany, N. Y.
[O rgan ized under L a w o f 1 8 9 2 .
Officers.
P r e s i d e n t .....................
Secretary ........................
T reasu re r .....................
A tto rn e y ........................

Com m enced bu sin ess 1 8 9 2 .]

N am es.

Post-office addresses.

J O H N A . H O W E ......................................
J A M E S H . B A B C O C K ............................
W . S. V A N D E R Z E E ..............................
L O U I S S I L B E R M A N ..............................

498 H u dso n A venu e.
95 Sch u yler Street.
1 6 8 So. P earl Street.
2 5 So. P earl Street.

ASSETS.

Loans on bond and m ortga ge..............................................................
Loans on shares .......................................................................................
Real estate ...............................................................................................
Cash on hand and in ba n k ......................................................................
Furniture and fixtu res...........................................................................
Advances for taxes, insurance, e tc ......................................'..............

$194, 150
6,743
19,000
2,791
700
177

00
00
00
61
00
91

$223,562 52
L IA B IL IT IE S .

Due shareholders, instalm ent shares.................................................
Due shareholders, savings shares.......................................................
D ividends credited ................................................................................
Borrow ed money ......................................................................................
Earnings undivided .................................................................................
Contingent fund (as per section 225 of B anking L a w ) ...........
Suspended d u e s ...........................................................................................

$155,268
38,126
13,990
5 ,0 00
5 ,8 38
5,325
12

22
88
01
00
95
68
78

$223,562 52
R E C E IP T S .

Cash on hand January 1, 1913...................................................
Dues on instalment sharescredited to members.........................
Dues on savings shares ...............................................................
Money borrowed ...........................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid ...............................................................
Fees received ................................................................................
Fines received ..............................................................................
Interest received ...........................................................................
Rent received ................................................................
Advances repaid ............................................................................
Furniture and fixtures to profit and loss..................................
H eatin g...............................................................
Error ...............................................................................................
Suspended dues ............................................................................
Storage of safe .............................................................................
Reverted dividends .......................................................................
Sundries, dividend ........................................................................
Dues
.. .. ......................................................................................
Cash over ......................................................................................




$1,959
107,621
19, 296
10,500
37, 000
8,691
189
243
10, 501
1,256
2
600
16
2
12
5
284
116
75
47

29
47
15
00
00
38
00
U
5
74
00
25
00
00
35
78
00
36
45
35
36

$198,419 98
[4 9 ]

50

R eport

on

S ayings

and

L oan A ssociations.

DISBURSEM ENTS.
Loaned on m ortgage ..............................................................................
Loaned on shares .....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P a id savings shares ................................................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
P aid borrow ed m oney and prior m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P aid salaries and clerk-hire...................................................................
P a id advertising, printing and posta ge..........................................
P a id repairs to real e sta te.....................................................................
P aid taxes, insurance, e t c .....................................................................
P aid banking department, exam in ation ..........................................
P aid banking departm ent, assessm ent............................................
Officers’ bonds ...........................................................................................
Advances for taxes, insurance, e t c ......................................................
S tate League dues ..................................................................................
F ire loss ......................................................................................................
F urniture, fixtures and adding m ach in e..........................................
L ig h tin g and fuel .....................................................................................
Cleaning ........................................................................................................
Telephone ......................................................................................................
Legal expenses ..........................................................................................
Cabinet ...........................................................................................................
Safe ..................................................................................................................
Cash short ...................................................................................................
Corrections in dues and dividen ds.....................................................
Sundries .........................................................................................................
Cash on hand December 31, 1913........................................................

$ 5 8 ,2 0 0
9,477
87, 865
17, 773
5 ,8 9 0
9, 500
124
2 ,8 8 5
106
144
429
86
16
16
128
5
526
700
213
53
9
6
9
85
384
809
179
2 ,7 91

00
38
12
72
67
00
70
32
40
77
73
50
24
00
96
50
43
00
80
15
52
00
50
00
69
80
47
61

$198,419 98
Plan, permanent. P ar value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 9,145; shares issued during the year,
4,197; shares w ithdraw n durin g the year, 5,075; shares in force, 8,267.
B orrow in g members, 139, holding 1,493 shares; n on-borrow ing members,
1,346, holding 6,774 shares. Fem ale shareholders, 890, holding 3,754 shares.
T otal dividends credited members during the year on instalm ent shares,
$6,397.95; rate 6 per cent. T otal dividends credited or paid in cash to
members durin g the year on other shares, $1,602.42; rate 4 % per cent.
T otal dividends forfeited by w ithdraw ing members during the year, $284.36.
N o unpaid withdraw als. O perating expenses, as defined in section 227 of
the B anking Law, incurred and paid during the year, $3,790.49. Unpaid,
none.
N o prem ium plan. Interest paid b y borrow ing members, 6 per cent. N o
prem ium charged.
Loans have been made in Albany, Rensselaer and Schenectady counties,
New Y ork State. Largest m ortgage loan outstanding, $6,000. M ortgages
in force in New Y ork State, $194,150. N o foreclosures during the year.

COMMERCIAL UNION CO-OPERATIVE BANK.
No. 55 Maiden Lane, Albany, N . Y .
[Organized under Law o f 1851.
Officers.
P r e s id e n t ............ j . .
Secretary ....................
Treasurer ...................
A ttorney .....................




Commenced business 1891.]

Names.
Post-office addresses.
JOHN W A G N E R ..................................................... Albany, N. Y.
FREDERICK W. COOK.......................................
Albany, N. Y.
FREDERICK G. M ICH EL................................. Albany, N. Y.
HOWARD HENDRICKSON ............................ Albany, N. Y.

A lbany County.

51

ASSETS.
Loans on bond and m ortga ge..................................................................
Loans on shares ......................................................................................
Real estate .................................................................................................
Cash on hand and in b a n k ..................................................................
Furniture and fixtures .........................................................................
Interest, premium, fees and fines due and u n p a id ......................
Advances for taxes, insurance, e t c .....................................................

$91, 969
662
7, 000
1,328
500
1,877
303

72
00
00
86
00
71
20

$103,641 49
L IA B IL IT IE S .

Due
shareholders, instalm ent shares................................................
Due
shareholders, savings shares......................................................
Due
shareholders, accum ulative prepaid shares.........................
Due
shareholders, income shares.......................................................
Dividends credited ..................................................................................
Borrow ed money .....................................................................................
Earnings undivided ................................................................................
Contingent fund ( as per section 225 o f Banking L a w ) .............

$38,766 90
43,661 04
647 25
1 ,9 00 00
6 ,2 0 0 59
4 ,0 0 0 00
5,565 71
2, 900 00
$103,641 49

RECEIPTS.

Cash on hand January 1, 1913...........................................................
Dues on instalment shares credited to m em bers.............................
Dues on savings shares .........................................................................
Dues on income shares..............................................................................
M oney borrowed ......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares repaid .......................................................................
Fines received ...........................................................................................
Interest received .....................................................................................
Prem ium received ....................................................................................
Rent received ................' ............................................................................
Advances repaid ......................................................................................
Reverted d iv id e n d s ....................................................................................

$788
10,441
20, 710
300
7 ,0 0 0
2 1 ,02 9
655
101
4,869
2, 434
385
65
328

81
07
42
00
00
45
00
80
53
71
00
75
61

$69,110 15
DISBU RSEM EN TS.

Loaned on m ortgage ..............................................................................
Loaned on shares ....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid m atured shares .............................................................................
P aid savings shares ................................................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
Cash dividends paid on income and accum ulative prepaid
shares .........................................................................................................
P aid borrow ed m oney and prior m ortga ges...................................
P aid interest on borrow ed m oney and prior m ortga ges...........
P aid salaries and clerk-hire..................................................................
P aid advertising, prin tin g and posta ge.............................................
P aid rent .....................................................................................................
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, e tc .....................................................................
P aid banking departm ent, exam ination ..........................................
P aid banking departm ent, assessm ent............................................
Advances fo r taxes, insurance, e t c .................................................
Cash on hand December 31, 1913.......................................................




-

$19,950
340
10,509
1,145
18, 357
1,166

00
00
14
25
65
47

1.624
11,500
512
1,500
215
473
98
180
55
8
142
1,328

87
00
15
24
90
36
97
77
00
65
87
86

$69,110 15

R epoet

52

on

S avings

L oan A ssociations.

and

Plan, permanent. P ar value o f shares, $100. Instalm ents are 15 cents
weekly.
Shares in force January 1, 1913, 6,830; shares issued during the year,
1,040; shares w ithdraw n dp rin g the year, 995; shares in force, 6,875. B or­
row ing members, 81, holding 801 shares; non-borrow ing members, 548, hold­
ing 6,074 shares. Fem ale shareholders, 225, holding 1,325 shares. Total
dividends credited members during the year on instalm ent shares, $1,764.30;
rate, 4 per cent. T ota l dividends credited or paid in cash to members dur­
ing the year on other shares, $1,668.05; rate 4 % per cent. T ota l dividends
forfeited by w ithdraw ing members during the year, $328.61.
N o unpaid withdraw als. A m ount o f shares m atured during the year,
$1,145.25. Operating expenses, as defined in section 227 of the B anking
Law , incurred and paid during the year, $2,189.50. Unpaid, none.
Prem ium plan, instalm ent. Interest paid b y borrow in g members, 5 3-5 per
cent. Prem ium paid by borrow in g members, 5 cents per share.
Loans have been made in Albany, Columbia, Essex, Greene, Onondaga,
Rensselaer, Saratoga, Schenectady and Schoharie counties, State o f New
Y ork . Largest m ortgage loan outstanding, $5,000. M ortgages in force in
N ew Y ork State, $91,969.72. One foreclosure during the year.

PERMANENT SAVINGS AND LOAN ASSOCIATION OF ALBANY, N. Y.
No. 48 South Pearl street, A lb a n y , N . Y .
[O rgan ized un der L a w o f 1 8 5 1 .
Officers.
P r e s i d e n t ......................
S e cretary ........................
T rea su re r ......................
A tto r n e y ........................

C om m enced bu sin ess 1 8 8 9 .]

N am es.

Post-office addresses.

H E N R Y S C H A F E R ....................................................
C H A S . P . B R E T T ............................................................
S T E P H E N L . 'F O S T E R ...............................................
E D W A R D W . R A N K I N ...............................................

A lb a n y ,
A lb a n y ,
A lb a n y ,
A lb a n y ,

N.
N.
N.
N.

Y.
Y.
Y.
Y.

ASSETS.

Loans on bond and m ortga ge...............................................................
Loans on shares ..................................................................... .................
Real estate ...................................................................................................
Cash on hand and in b a n k .....................................................................
Advances fo r taxes, insurance, e t c .....................................................

$188,875
17, 037
767
6, 108
33

00
22
43
28
76

$212,821 69
L IA B IL IT IE S .

Due shareholders, instalm ent shares................................................
D ividends credited ..................................................................................
B orrow ed m oney .......................................................................................
Earnings undivided .......................................... -......................................
Contingent fund (as per section 225 of Banking L a w ) ...........

$156,149
17,780
17,000
13,629
8,2 62

46
70
00
23
30

$212,821 69
R E C E IP T S .

Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.............................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
Loans on shares rep a id ...........................................................................
Fines received ...........................................................................................
Interest received .......................................................................................
R en t received ...........................................................................................
Advances repaid ...........................................................................




$2,691
81,811
42 ,00 0
39,928
12,332
296
11,745
313
5

00
44
00
00
00
38
04
00
25

A lbany County.
Reverted dividends ..................................................................................
D uplicate books .......................................................................................
T a x certificates .........................................................................................

53
$1,269 75
5 50
57 05
$192,454 41

DISBURSEM ENTS.

Loaned on m ortgage ..............................................................................
Loaned on shares ....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid matured shares...............................................................................
Dividends paid on w ithdraw al, or applied on loa n s....................
P aid borrowed money and prior m ortgages...................................
P aid interest on borrow ed money and prior m ortga ges............
P aid salaries and clerk-h ire..................................................................
P aid advertising, prin tin g and posta ge...........................................
Paid rent .....................................................................................................
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, e tc .....................................................................
P aid banking departm ent,exam ination .............................................
P aid banking departm ent,assessm ent................................................
Officers’ bonds ...........................................................................................
Advances for taxes, insurance, e t c ....................................................
Cleaning office ............................................................................................
Stationery .....................................................................................................
Gas ..................................................................................................................
A u ditin g com m ittee .................................................................................
T e le p h o n e ......................................................................................................
Insurance, office furniture ...................................................................
S u n d r ie s .........................................................................................................
Cash on hand December 31, 1913.......................................................

$ 5 9 ,4501 00
16,401 22
53,957 54
16,638 60
3,306 30
32,000 00
589 22
2, 199 50
451 45
060 00
21081
47 68
41 25
1502
34 00
90 81
65 00
33 75
10 60
$0 00
44 80
773
60 85
6, 108 28
$192,454 41

Plan, permanent. P ar value o f shares, $105. Instalm ents are 25 cents
weekly.
Share? in force January 1, 1913, 6,678; shares issued during the year,
4,048; shares w ithdraw n during the year, 3,648; shares in force, 7,078.
B orrow ing members, 150, holding 3,898 shares; nonjborrow in g members,
682, holding 3,180 shares. Fem ale shareholders, 383, holding 2,246 shares.
T otal dividends credited members during the .w ear on instalm ent shares,
$7,652.65; rate, 6 per cent. T ota l dividends forfeited by w ithdraw ing mem­
bers during the year, $1,269.75.
N o unpaid w ithdraw als. A m ount of shares matured during the year,
$16,638.60. Operating expenses, as defined in section 227 of the Banking
Law, incurred and paid during the year, $3,597.68. Unpaid, none.
N o premium plan. Interest paid by borrow ing members, 6 per cent. No
premium charged.
Loans have been made in Albany, Columbia, Rensselaer and Saratoga
counties, New Y ork State. Largest m ortgage loan outstanding, $4,800.
M ortgages in force in New Y ork State, $188,875. N o foreclosures during
the year.




B eport

54

on

S avings

L oan A ssociations.

and

SA FETY BUILDING-LOAN AND SAVINGS ASSOCIATION OF TH E CITY
OF ALBAN Y.
R oom 3, Tweddle B uilding, Albany, N. Y.
[Organized under Law o f 1851.
Officers.
P resident . .
Secretary . .
Treasurer .
A ttorney . .

Commenced business 1889.]

Names.
JOHN H. LYNCH................
EDWARD J. B. MURRAY.
JOHN J. G A L L O G L Y ...........

ANDREW G. SEELMANN.

Post-office addresses.
Cor. Madison Av. & Church St.
256 Quail Street.
F irst N ational Bank.
68 S tate Street.

ASSETS.
Loans on bond and m ortga ge..............................................................
Loans on shares .......................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtures ..........................................................................
Instalm ents due and unpaid ..............................................................
Interest, premium, fees and fines due and u n p a id ...........................
Advances for taxes, insurance, e t c .....................................................
Interest accrued ....................................................................
Fines accrued ..............................................................................................

$271,950
2 0 ,34 0
1,222
65
1, 451
1,131
1 ,306
729
24

00
00
84
00
50
71
83
02
85

$298,221 75
LIA BILITIES.
Due shareholders, instalm ent shares.................................................
Due shareholders, income shares........................................................
D ividends credited ..................................................................................
Balance to be paid borrow ers on m ortgage lo a n s ......................
B orrow ed m o n e y .........................................................................................
Earnings undivided ................................................................................
Contingent fund (as per section 225 of B anking L a w ) ..............
Dues paid in advance..............................................................................
Interest paid in advance..........................................................................

$213,225
8, 300
47,373
863
18, 000
5 ,3 0 6
4 ,6 8 0
400
72

00
00
41
01
00
86
46
25
76

$298,221 75
RECEIPTS.
Cash on hand January 1, 1913..........................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on income shares ..........................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
Loans on shares rep a id ............................................................................
Fees received .............................................................................................
Fines received ............................................................................................
In terest received .......................................................................................
Advances repaid .......................................................................................
Reverted dividends ..................................................................................
Personal account .....................................................................................

$102
49,996
8, 450
2 5 ,5 0 0
3 9 ,6 0 0
19,155
89
305
16,536
1,116
816
1,451

81
75
00
00
00
50
03
55
65
97
33
50

$163,121 09
DISBURSEM ENTS.
Loaned on m ortga ge.................................................................................
Loaned on shares.......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid incom e shares ...................................................................................
D ividends pa id on w ithdraw al, or applied
on lo a n s ..................
Cash dividends paid on incom e and accum ulative prepaid
shares.............................................................................................................




$ 5 2 ,7 0 0 00
8, 621 00
40,187 00
150 00
12,106 57
247 93

A lbany C ounty.

55

P aid borrow ed m oney and prior m ortga ges.................................
P aid interest on borrow ed money and prior m o r t g a g e s ....
P aid salaries and clerk-h ire................................................................
P aid advertising, printing and posta ge............................................
P aid rent ....................................................................................................
P aid banking departm ent, exam ination ..........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds .........................................................................................
Advances fo r taxes, insurance, e t c ...................................................
State League dues and expenses.......................................................
Individual accounts ................................................................................
Cash on hand December 31, 1913.......................

$43,800
1,184
585
140
125
£»5
23
T6
534
21
1,399
1,222

00
28
83
29
06
00
66
00
27
50
26
84

$163,121 09
Plan, serial. P ar value o f shares, $200. Instalm ents are 50 cents semi­
m onthly.
Shares in force January 1, 1913, 4,077; shares issued during the year,
7 0 4 % ; shares w ithdraw n during the year, 6 4 3 % ; shares in force, 4,138.
B orrow ing members, 252, holding 1,827 shares; non-borrow ing members, 307,
holding 2,311 shares.
Female shareholders, 212, holding 1,237% shares.
T otal dividends credited members during the year on instalm ent shares,
$14,797.50; rate, 6 per cent. T otal dividends credited or paid in cash to
members during the year on other shares, $247.93; rate, 4 % per cent. Total
dividends forfeited by w ithdraw ing members during the year, $816.33.
N o unpaid w ithdraw als. Am ount of shares m atured during the year, $52,443.57. Entrance or membership fee, 25 cents per share; m axim um fee, $1.
Operating expenses, as defined in section 227 o f the Banking Law , incurred
and paid during the year, $889.28. Unpaid, none.
N o premium plan. Interest paid b y borrow ing members, 6 per cent. N o
prem ium charged.
Loans have been made in Albany, Rensselaer and Schenectady counties,
New Y ork State. Largest m ortgage loan outstanding, $6,500. M ortgages in
force in New Y ork State, $271,950. N o foreclosures during the year.

VOORHEESVILLE SAVINGS AND LOAN ASSOCIATION, VOORHEESVILLE, N. Y.
[O rganized un der L a w o f 1 9 1 0 .
Officers.
P r e s i d e n t ........................
S e c r e t a r y ........................
T r e a s u r e r ........................

C om m enced bu sin ess 1 9 1 3 ]

N am es.

Post-office addresses.

F R E D E R I C V . G R I E S M A N ......................
J O H N C. G U F F I N ..........................................
J O H N C. G U F F I N ...........................................

V o o rh ee sville,
V o orh ee sville,
V o orh eesville,

N. Y .
N. Y.
N. Y .

ASSETS.

Loans on bond and m ortg a g e............................................................
Cash on hand and in b a n k ................................................................
Furniture and fixtures .........................................................................

$3, 350 00
1,185 10
24 00
$4,559 10

L IA B IL IT IE S .

Due shareholders, instalm ent shares.................................................
Due shareholders, savings shares.......................................................
Due shareholders, incom e shares.......................................................
Earnings undivided ................................................................................
Contingent fund (as per section 225 of Banking L a w ) ...........




$2,485
1,405
600
64
3

75
00
00
93
42

$4,559 10

R eport

56

on

S avings

L oan A ssociations.

and

r e c e ip t s

.

Dues on instalm ent shares credited to m em bers...........................
Dues on savings shares .....................................................................
Dues on income shares ..........................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
Fees received.................................................................................................
Interest received..........................................................................................

$2,764
1 ,5 60
600
50
10
75

25
00
00
00
75
60

$5,060 60
D IS B U R S E M E N T S .

Loaned on m ortgage ................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loans.
P aid savings shares ..............................................................................
P aid salaries and clerk-hire ................................................................
Officers’ bonds .............................................................................................
F u rn itu re.........................................................................................................
Cash on hand December 31, 1913........................................................

$3,400
278
155
10
8
24
1,185

00
50
00
00
00
00
10

$ 5 ,06 0 60
Plan, permanent.
P ar value o f shares, $100.
Instalm ents are 25 cents
weekly.
Shares issued during the year, 4 16; shares w ithdraw n during the year,
2 4 ; shares in force, 392. B orrow in g members, 2, holding 28 shares; non­
borrow in g members, 53, holding 364 shares. Female shareholders, 12, hold­
ing 92 shares.
N o unpaid w ithdraw als. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $18. U npaid, none.
N o premium plan. Interest paid b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in A lbany county, New Y ork State. • Largest m ort­
gage loan outstanding, $1,600.
M ortgages in force in New Y ork State,
$3,350. N o foreclosures during the year.

W E ST END SAVINGS AND LOAN ASSOCIATION.
N o. 854 M adison avenue, Albany, N. Y .
[O rgan ized un der L a w o f I S o l .
Officers.
P r e s i d e n t ......................
S ecreta ry ........................
T r e a su re r ......................
A tto r n e y ........................

Com m enced business 1S S 9.]

N am es.

Tost-office addresses.

W I L L I A M E . F O S K E T T ................................
LIN N ETTS H . B U R D I C K ................................
C. A . H O L L E N B E C K ......................................
W A L T E R E . W A R D .........................................

3 9 S ta te Street.
4 5 5 B road w ay .
8 8 B ea v er Street.
7S S ta te S treet.

ASSETS.

Loans on bond and m ortg a g e ............................................................
Loans on shares .....................................................................................
Real estate......................................................................................................
Cash on hand and in b a n k ...................................................................

$241,395
5 ,2 50
12,600
7 ,0 0 4

00
00
00
28

$266,249 28
L IA B IL IT IE S .

Due shareholders, instalm ent shares.................................................
D ividends credited ...................................................................................
B orrow ed m oney .......................................................................................




$211,051 72
2 7.322 90
4 ,0 0 0 00

A lbany C ounty.
Earnings undivided ......................................................................... ..
Contingent fund (as per section 225 of Banking L a w ) ...........
Unearned or rebatable prem iu m .........................................................

57
$12,313 37
4 ,4 00 00
7,161 29
$266,249 28

RECEIPTS.

Cash on hand January 1, 1913.......................................................
Dues on instalm ent shares credited to m em bers.........................
M oney borrow ed ......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares repaid .........................................................................
Real estate sold ....................................................................................
Fees received .............................................................................................
Interest received .......................................................................................
Rent received ............................................................................................

$1,649
115,592
10, 000
39,795
700
2 ,5 0 0
115
12, 311
1,451

05
72
00
00
00
00
00
06
83

$184,114 66
DISBURSEM ENTS.

Loaned on m ortgage ..............................................................................
Loaned on shares ..............................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s . .
D ividends paid on w ithdraw al, or applied on loa n s....................
Paid borrowed money and prior m ortga ges.................................
P aid interest on borrow ed money and prior m ortga ges...........
Paid salaries and clerk -h ire................................................................
P aid advertising, printing and posta ge..............................................

Paid rent

................................................................. -...................

Paid repairs to real esta te ................................................................
Paid taxes, insurance, e t c .....................................................................
Paid banking department, exam ination..........................................
Paid banking department, assessment ..........................................
Officers’ bonds....................................................................................................
State League dues ..................................................................................
M em orial and flow ers................................................................................
Cash on hand December 31, 1913.......................................................

$ 67,620
5 ,1 50
86, 536
6 ,6 6 2
9 ,000
46
1,200
113

00
00
25
75
00
12
00
43

296 00
39
333
44
18
24
6
20
7 ,0 04

67
59
00
57
00
00
00
28

$184,114 66
Plan, permanent. P ar value of shares, $105. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 6,994; shares issued during the year,
2,763; shares w ithdraw n during the year, 1.206; shares in force, 8,551. Bor­
row ing members, 120, holding 2,299 shares; non-borrow ing members, 798,
holding 6,252 shares. Female shareholders, 296, holding 2,982 shares. Total
dividends credited members during the year on instalm ent shares, $11,037.25;
rate, 6 % per cent.
N o unpaid w ithdraw als. Entrance or membership fee, 50 cents. Operating
expenses, as defined in section 227 o f the Banking Lgw, incurred and paid
during the year, $1,659.43. Unpaid, none.
Premium plan, premium interest. Interest and premium paid by b orrow ­
ing members, 6% per cent.
Loans have been made in A lbany, Greene, Rensselaer and Schenectady
counties, New Y ork State. Largest m ortgage loan outstanding. $11,655.
M ortgages in force in New Y ork State, $241,395. N o foreclosures during the
year.




58

R eport

on

S ayings

L oan A ssociations.

and

A LLE G A N Y COUNTY.
ALFRED MUTUAL LOAN ASSOCIATION.
Main street, Alfred, N. Y .
[Organized under Law o f 1851.
Officers.
P r e s id e n t ...................
Secretary ....................
Treasurer ..................
Attorney .....................

F.
E.
F.
E.

Commenced business 1884.]

Names.
Post-office addresses.
A. CRUMB.........................................................
Alfred, N. T.
P. SAU N D E R S.................................................
Alfred, N. Y.
H. E L L IS ............................................................ Alfred, N. Y.
P. SA U N D E R S.................................................
Alfred, N. Y.
ASSETS.

Loans on bond and mortgage....................................................
Loans on shares

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

$172,666 73
13 ,40 0 00

Contracts for the sale of real estate..........................................

6,902 58

Real estate .................................................................................................
Cash on hand and in h an k...................................................................
F urniture and fixtures ..........................................................................
Instalm ents due and unpaid ............................................................
Interest, premium, fees and fines due and u n p a id .........................
Sundries............................................................................................................

2 ,6 0 0
1,015
254
705
747
50

00
28
28
49
61
00

$198,341 97
L IA B IL IT IE S .

D ue shareholders, instalm ent shares.................................................
D ividends credited .......................................... ' ......................................
Balance to be paid borrow ers on m ortgage lo a n s .........................
Borrow ed m oney .......................................................................................
Framings undivided ...................................................................................
Contingent fund (a s per section 225 o f Banking L a w ) ................
A pp lica tion deposits ................................................................................
D ues on shares, p rep a id ............................................................................
Interest on loans, p rep a id .......................................................................
Interest accrued on bills p a y a b le........................................................

$146,781
35,115
800
10,100
1, 726
3 ,5 7 8
6
76
1
156

00
57
00
00
73
00
50
64
00
53

$198,341 97
R E C E IP T S .

Cash on hand January 1,1913...............................................................
Dues on instalm ent shares credited to m em bers...........................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta t e .. .
Loans on shares rep a id ..........................................................................
Real estate sold .......................................................................................
Fees received .............................................................................................
Fines received................................................................................................
Interest received1 .....................................................................................
R ent received .............................................................................................
Advances repaid .......................................................................................
A pplication deposits ..............................................................................
Reverted dividends ..................................................................................
P rofit on real esta te..................................................................................
Protested checks repaid ..........................................................................
Real estate contracts ..............................................................................




$4,026
31,106
15,200
26, 758
17, 800
2 ,5 7 9
92
247
12,124
260
72
258
229
1,395
Ill
868

98
49
00
92
00
08
18
90
63
30
65
00
18
92
57
56

$113,132 36

A llegany C ounty.

59

D IS B U R S E M E N T S .

Loaned on m ortgage .............................................................................
Loaned on shares ..................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loa n s. .
P a id m atured shares .............................................................................
D ividends paid on w ithdraw al, or applied on loa n s......................
P a id borrow ed m oney .........................................................................
P aid interest on borrow ed m on ey........................................................
P a id salaries and clerk-hire ............................................................
P aid printing and postage ................................................................
P aid rent ....................................................................................................
P aid repairs to real estate ............................................................
P aid taxes, insurance, e t c .....................................................................
P aid banking departm ent, exam ination..........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds...............................................................................................
Advances fo r taxes, insurance, e t c ...................................................
State League dues and expenses........................................................
A pplication deposits ...............................................................................
Com missions...................................................................................................
Office and com m ittee expenses..............................................................
Legal services ...........................................................................................
R ecording papers ....................................................................................
Protested checks paid .........................................................................
Furniture and fixtures .........................................................................
Real estate contracts ............................................................................
Cash on hand December 31, 1913.......................................................

$29,047
14,700
9 ,6 25
45, 300
2 ,5 5 7
5 ,1 0 0
42
555
68
88
112
94
35
16
16
14
30
251
174
52
104
12
I ll
.55
3 ,9 50
1,015

00
00
50
00
77
00
98
00
94
00
28
13
50
15
00
70
15
50
87
89
90
25
57
00
00
28

$113,132 36
Plan, serial. P a r value o f shares, $200. Instalm ents are $1 weekly.
Shares in force January 1, 1913, 2 ,4 8 8 % ; shares issued during the year,
3 4 3 % ; shares w ithdraw n during the year, 377; shares in force, 2,455. B or­
row ing members, 158, holding 1,121 sh a res; non-borrow ing members, 274,
holding 1,334 shares. Female shareholders, 205, holding 926% shares. T ota l
dividends credited members during the year on instalm ent shares, $10,593.19;
rate, 5 % per cent. T otal dividends forfeited b y w ithdraw ing members dur­
in g the year, $229.18.
N o unpaid w ithdraw als.
A m ount o f shares matured during the year,
$45,300. Entrance or membership fee, 25 cents per share. O perating ex­
penses, as defined in section 227 o f the Banking Law, incurred and paid
during the year, $947.37. Unpaid, none.
N o premium plan. Interest paid b y borrow ing members, 6 per cent. N o
premium charged.
Lpans have been made in A llegany and Steuben counties, New Y ork State.
Largest m ortgage loan outstanding, $4,600. M ortgages in force in New Y ork
State, $171,866.73. One foreclosure during the year.

BRONX COUNTY.
EDGEHILL CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
Spuyten D uyvil, New Y ork, N . Y .
[O rganized un der L a w o f 1 9 0 9 .
Officers.
P r e s id e n t .........................
Secretary ........................
T reasu re r ......................




C om m enced b u sin ess 1 9 0 9 .]

N am es.
E L T A P M . .T O H N S E N ..............
A L P H E U S H. F A V O U R ....
G IL B E R T H . J O H N S E N . . .

Post-office addresses.
Sp u yten D u y v il.
4 3 C edar Street, N ew
Sp u yten D u yvil.

York.

G
O

R eport

on

S ayings

and

L oan A ssociations.

assets.

Loans on bond and mortgage....................................................
Loans on shares ...........................................................................
Cash on hand and in bank...........................................................
Furniture and fixtures...................................................................

$40, 000
585
1,601
109

00
00
44
00

$42, 295 44
L IA B IL IT IE S .

Due shareholders, instalment shares ........................................
Due shareholders, income shares..................................
Dividends credited .......................................................................
Earnings undivided .....................................................................
Contingent fund (as per section 225 of Banking L a w ).........
Unearned or rehatahle premium. . .................................................
Furniture reserve account ........................................................

$20, 051
19,325
1,658
842
279
75
64

41
00
14
06
83
00
00

$42,295 44
RECEIPTS.

Cash on hand January 1, 1913................................................
Dues on instalment shares credited to members.....................
Dues on income shares.................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid ............................................................
Fees received........................................................
Fines received...................................................................................
Interest received .........................................................................
Reverted dividends .......................................................................

$1,957
10,486
1, 700
13,300
1,995
4

62
59
00
00
00
05
95
2,797 22
172 53

$32,413 96
DISB U R SEM E N TS.

Loaned on mortgage ...................................................................
$4, 500 00
Loaned on shares .......................................................................
1,265 00
Instalment dues repaid on. withdrawal, or applied on loans.
15,792 06
Paid income shares ...................................................................
6,700 00
Dividends paid on withdrawal, or applied on loans..............
1, 002 32
Cash dividends paid on income and accumulative prepaid
shares..............................................................................................
1,150 84
Paid salaries and clerk-hire........................................................
135 00
.Paid advertising, printing and postage.................................
13 83
Paid rent..........................................................................................
180 00
Paid banking department, examination....................................
36 84
Paid banking department, assessment........................................
4 19
General expenses .........................................................................
32 44
Cash on hand December 31, 1913........................................................ 1,601 44
$32,413 96
Plan, permanent. Par value of shares, $200.
Instalments are $1
monthly.
Shares in force January 1, 1913, 1,350%; shares issued during the year,
56; shares withdrawn during the year, 566; shares in force, 840%. Bor­
rowing1 members, 9, holding 243 shares; non-borrowing members, 117, hold­
ing 597% shnres. Female shareholders, 25, holding 184% shares. Total
dividends credited members during the year on instalment shares, $1,079.38;
rate 5 per cent. Total dividends credited or paid in cash to members dur­
ing the year on other shares, $1,150.84; rate, 5 per cert. Total dividends
forfeited by withdrawing members during the year, $172 53.




B ronx C ounty.

61

N o unpaid w ithdraw als. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law , incurred
and paid during the year, $361.27. Unpaid, none.
Prem ium plan, gross. Interest paid by b orrow in g members, 5 % per cent,
and 6 per cent. N o premium charged.
Loans have been made in New Y ork county, New Y ork State. Largest
m ortgage loan outstanding, $15,000. M ortgages in force in New Y ork State,
$40,000. No foreclosures during the year.

EUREKA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
553 Courtland avenue, New Y ork, N. Y.
[O rgan ized under L a w o f 1 8 8 7 .
Officers.
P r e s id e n t .........................
Secretary ........................
T reasu re r ......................
A tto rn e y ........................

C om m enced bu sin ess 1S S 8.]

N am es.

Post-office addresses.

J O H N L. B U R G O Y N E .................................
G E O R G E A . S P E N C E R .............................
J. H . H I T T O R F F ............................................
J O H N D A V I S ...............................................

3 6 4 W illis A venu e.
2 4 7 B roadw ay .
9 0 3 Jackson A venue.
0 8 ' W illia m Street.

ASSETS.

Loans on bond and m ortga ge............................................................
Loans on shares .......................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtures .........................................................................

$87,900
4,5 15
5,895
100

00
00
84
00

$98,410 84
L IA B IL IT IE S .

Due shareholders, instalm ent shares...............................................
Dividends credited..................................................................................
Earnings undivided.....................................................................................
Contingent fund (as per section 225 of Banking L a w ) . . . .
Unearned or rebatable prem iu m .......................................................
Suspense account ......................................................................................

$79,746
13,527
2, 812
1,532
772
20

00
85
72
27
00
00

$98,410 84
R E C E IP T S .

Cash on hand January 1, 1913............................................................
Dues on instalment shares credited to m em bers....................
M oney borrowed . .....................................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
Loans on shares re p a id .........................................................................
Fines received...............
Interest received..........................................................................................
Receipt books................................................................................................
Reverted dividends......................................................................................
M ortgage loan account .........................................................................
Fixtures sold and exchange ................................................................
Dorm ant account.........................................................................................

$579 51
2 1,760 00
22, 000 00
15,200 00
1,700 00
12 23
5,776 89
13 25
235 60
3200
2 16
20 00
$67,331 64

D IS B U R S E M E N T S

Loaned on m ortgage ..............................................................................
Loaned on shares ..................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on
loans..............................................................................................................




$10', 800 00
2 ,745 00
8, 696 00

62

R eport

on

S ayings

and

L oan A ssociations.

P aid m atured shares ..............................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ................
P aid borrow ed money and prior m ortga ges.................................
P aid interest on borrow ed m oney and prior m ortgages...........
Paid salaries and clerk -h ire................................................................
P aid advertising, printing and p osta g e ..........................................
P aid rent.........................................................................................................
P aid banking department, exam in ation ..........................................
P aid banking departm ent, assessm ent...............................................
Officers’ bonds................................................................................................
State League dues ..................................................................................
A ttorn ey’ s fees ...........................................................................................
M oving expenses .......................................................................................
Exchange..........................................................................................................
D irectors’ fees...............................................................................................
Cash on hand December 31, 1913........................................................

$3 ,41 5 00
1,090 88
33, 500 00
260 94
487 50
113 10
120' 00
19 50
776
16 00
6 00
15 00
89 92
20
47 00
5 ,8 9 5 84
$67,331 64

Plan, serial. P ar value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 1,848; shares issued during the year,
329; shares w ithdraw n durin g the year, 2 81; shares in force, 1,896. B or­
row in g members, 28, holding 440 shares; non-borrow ing members, 243, hold­
ing 1,456 shares. Fem ale shareholders, 82, holding 492 shares. T ota l dividents credited members during the year on instalm ent shares, $4,069.41;
rate 5 per cent. T otal dividends forfeited by w ithdraw ing members during
the year, $235.60.
N o unpaid withdraw als.
A m ount o f shares matured during the year,
$3,415. Entrance o r membership fee, 25 cents per member. Operating ex­
penses, as defined in section 227 of the B anking Law, incurred and paid
during the year, $894.56. U npaid, none.
N o prem ium plan. Interest paid by borrow ing members, 5 per cent, and
6 per cent. Prem ium paid by borrow in g members, 1 per cent.
Loans have been made in N ew Y ork, Queens, R ichm ond and W estchester
counties, N ew Y ork State, and in N ew Jersey. L argest m ortgage loan ou t­
standing, $6,000. M ortgages in force in New Y ork State, $86,100. N o fore­
closures during the year.

MODEL BUILDING AND LOAN ASSOCIATION OF MOTT H AVEN.
No. 2663 T h ird avenue, New Y ork, N. Y .
[Organized under Law of 1851.

Commenced business 1889.]

Officers.
P resld ien t......................
Secretary ....................
Treasurer ...................
A ttorney .....................

Names.
Post-office addresses.
JOHN S. H ANSO N............................... 37 Liberty S treetJO SEPH B. H A R E ................................. 1813 Webster Avenue.
JU LE S F. VALO IS.............................. 2663 Third Avenue.
HERBERT R E E Y E S............................ 65 Liberty Street.
ASSETS.
Loans on bond and m ortg a g e............................................................
$251,669 07
Loans on shares .......................................................................................
13, 057 00
Contracts fo r the sale o f real esta te.................................................
3, 945 00
Real estate......................................................................................................
20, 840 00
Cash on hand and in b a n k ................................................................
5 ,7 40 12
Furniture and fixtures ..........................................................................
465 88
Interest, prem ium , fees and fines due and u n p a id ....................
9 ,3 5 4 22
Advances fo r taxes, insurance, e t c ...................................................
284 52
Installm en ts due and u n p aid .......................................
$ 4 ,7 0 1 50




$ 3 0 5 ,3 5 5 81

B ronx C ounty.
LIABILITIES.
Due shareholders, instalm ent shares.................................................
D ividends credited......................................................................................
D ue shareholders, m atured shares ...................................................
Balance to be paid borrow ers on m ortgage lo a n s ........................
Borrow ed m oney..........................................................................................
Earnings undivided.....................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ...........
D eposits fo r legal fees ...........................................................................

63

$198, 154
34, 015
4 5 ,0 0 0
500
2, 000
14,076
11,000
10

50
18
00
00
00
13
00
00

$305,355 81
RECEIPTS.
Cash on hand January 1, 1913.......................................................
Dues on instalment shares credited to m em bers........................
M oney borrow ed...........................................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid .........................................................................
Real estate sold ......................................................................................
Fees received. . ........................................................................................
Fines received.............................'.................................................................
Interest received...........................................................................................
Prem ium received........................................................................................
Rent received................................................................................................
Advances repaid ........................................................................................
D eposits for legal fees .......................................................................
Profits on new shares taken in old series......................................
U ndistributed earnings..............................................................................

$5,399
73,499
132, 500
31,584
4, 982
55
110
229
9 ,296
2, 832
537
502
7
1 ,5 50
585

98
00
00
91
00
00
50
92
15
04
75
50
50
66
79

$263,673 70
DISBURSEM ENTS.
Loaned on m ortgage .............................................................................
Loaned on shares ....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loans.
P aid m atured shares ..............................................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
P aid borrow ed money and p rior m ortgages.................................
P aid interest on borrow ed m oney and prior m ortga ges..............
P aid fo r real e s t a t e ..................................................................................
P aid salaries and clerk-hire...................................................................
P aid advertising, printing and1 postage..........................................
P aid rent.........................................................................................................
P aid repairs to real estate.....................................................................
P aid taxes, insurance, etc .....................................................................
P aid banking department, exam ination ............................................
P aid banking department, assessm ent...............................................
Officers’ bonds .............................................................................................
Advances fo r taxes, insurance, e t c .................................
Collection charges........................................................................................
D onation..........................................................................................................
Protest fees...................................................................................................
Inspectors o f election ...........................................................................
Legal expenses ..........................................................................................
Foreclosures....................................................................................................
Cash short......................................................................................................
Legal expenses..............................................................................................
Cash on hand December 31, 1913.......................................................




$9,500
1, 870
51,423
4, 375
18,684
150, 500
640
14,050
2, 675
115
120
1, 617
494
50
25
34
919
6
5
1
10
15
675
2
122
5,7 40

00
00
50
00
48
00
32
00
85
91
00
52
80
13
19
00
65
49
00
25
00
00
00
26
23
12

$ 2 6 3 ,6 7 3 70

04

R eport

on

S avings

L oan A ssociations.

and

Plan, serial. Par value of shares, $125. Instalments are 50 cents
monthly.
Shares in force January 1, 1913, 8,383; shares issued during the year,
2,035; shares withdrawn during the year, 2,058; shares in force, 8,360. Bor­
rowing members, 84, holding 1,838 shares; non-borrowing members, 596,
holding 6,522 shares. Female shareholders, 267, holding 2,926 shares. Total
dividends credited members during the year on instalment shares, $12,198.55
rate, 4 ^ per cent. Total dividends forfeited by withdrawing members dur­
ing the year, $1,245.36.
jST
o unpaid withdrawals.
Amount of shares matured during the year,
$24,875. Entrance or membership fee, 75 cents per member. Operating ex­
pense, as defined in section 227 of the Banking Law, incurred and paid dur­
ing the year, $2,967.25. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 2 per cent.
Loans have been made in Kings, Nassau, New York, Queens, and West­
chester counties, New York State, and in New Jersey. Largest mortgage
loan outstanding, $12,000. Mortgages in force in New York State, $166,148.
Three foreclosures during the year.

MOUNT ST. VINCENT CO-OPERATIVE BUILDING AND LOAN
ASSOCIATION.

Nos. 531 and 535 E. Tremont avenue, New York, N. Y.
[Organized under Law o f 1851.
Officers.
President
Secretary
Treasurer
Attorney

Commenced business 1888.]

Names.
W ILLIA M C. BERGEN
AN DREW J. F L Y N N . .
JAM ES O'CONNELL .
JOHN J. O’ G R A D Y ...

Post-office addresses.
180th St. and Andrews Ave.
1976 Hughes Avenue.
East Rockaway, L. I.
277 Broadway.

ASSETS.

Loans on bonds and mortgage........................................................
Contracts for the sale of real estate........................................
Real estate.......................................................................................
Cash on hand and in bank ........................................................
Furniture and fixtures ...............................................................
Interest, premium, fees and fines due and unpaid

$123,400
3,321
4,250
5’ 082
! 50

00
91
00
59
00

$499 03

$136,104 50
L IA B IL IT IE S .

Due shareholders, instalmentshares.............................................
Dividends credited...........................................................................
Earnings undivided.........................................................................
Contingent fund (as per Section225 of Banking L aw )............
Salary due........................................................................................

$92,063
32,411
9, 806
1,773
50

01
73
19
57
00

$136,104 50
R ECEIPTS.

Cash on hand January 1, 1913..................................................
Dues on instalment shares credited to members.....................
Mortgages redeemed, foreclosed or transferred to real estate.
Real estate sold ...........................................................................
Interest received....................................................... '.....................




$5,077
33,426
100
378
6,682

59
42
00
09
21

B ronx C ounty.

65

Prem ium received
Rent received. . ..
Insurance returned
E rror...........................

$404 34
324 00

8 10
4 00
$46,404 75

DISBURSEM ENTS.
Loaned on m ortgage .............................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loans.
D ividends paid on w ithdraw al, or applied on loa n s................
P aid salaries and clerk -h ire................................................................
P aid advertising, printing and p osta ge..........................................
P aid rent........................................................................................................
P aid repairs to real es ta te ..................................................................
Paid taxes, insurance, e t c .....................................................................
P aid banking department, exam ination ..........................................
Paid banking department, assessm ent..............................................
Officers’ bonds ............................................................................................
M etropolitan and State League du es.................................................
Com missions...................................................................................................
A ttorn ey’ s fees.............................................................................................
Repairs to safe ......................................................................................
E rror.................................................................................................................
Cash on hand December 31, 1913........................................................

$23,400
14,019
2 ,761
441
21
80
71
180
39
9
10
11
92
140
5
40
5,082

00
73
30
00
75
00
00
37
00
04
00
00
50
47
00
00
59

$46,404 75
Plan, permanent. P ar value of shares, $100. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 1,760; shares issued during the year,
4 39; shares withdraw n during the year, 7 6 ; shares in force, 2,123. B orrow ­
ing members, 32, holding 1,018 shares; non-borrow ing members, 178, hold­
ing 1,105 shares. Fem ale shareholders, 76, holding 662 shares. T ota l div i­
dends credited members during the year on instalm ent shares, $6,376.22;
rate 6 per cent.
N o unpaid w ithdrawals. Operating expenses, as defined in section 227 of
the B anking Law, incurred and paid during the year, $568.75. O perating
expenses, as defined in section 227 of the Banking Law, incurred during
the year and rem aining unpaid, $50.
Premium plan,, premium-interest. Interest paid by borrow ing members, 6
per cent. Premium paid by borrow ing members, 1% per cent.
Loans have been made in Bronx, K ings, New Y ork, Queens, Richm ond,
Suffolk and W estchester counties, New Y ork State, and in New Jersey.
Largest m ortgage loan outstanding, $15,000. M ortgages in force in New
Y ork State, $120,900. N o foreclosures during the year.

NORTH N E W YORK SAVINGS AND LOAN ASSOCIATION.
No. 499 W illis avenue, New Y ork, N. Y.
[Organized under Law o f 1851.

Commenced business 1888.]

Names.
FRANK A. HOOKER................

Officers.
President
Secretary
Treasurer
Attorney

OEOT.’ GH W. CTTDT.TPP...........

WILLIAM H. W RIGHT.........
J. HOMER H IL D R ET H .........

3




Post-office addresses
862 Macy Place.
657 Park Avenue..

351 E ast 141st Street.
Smith Bldg.. 3d Avenue and
148th Street.

66

R eport

on

S ayings

and

L oan A ssociations.

ASSETS.
Loans on bond and m ortga ge..................,..............................................
Loans on shares .......................................................................................
Heal estate ...................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtures .........................................................................
Interest, premium, fees and fines due and u n p a id ......................
Advances for taxes, insurance, e t c .....................................................

$228, 500
875
8 ,000
6, 533
106
3 ,8 00
2

00
00
00
79
53
87
15

$247,818 34
LIABILITIES.
D ue shareholders, instalm ent shares...............................................
Earnings undivided ................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ..............

$234,934 86
1,502 61
11, 380 87
$247,818 34

RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.............................
M oney borrowed ..................................: ...................................................
M ortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid .........................................................................
Fines received ...........................................................................................
Interest received .......................................................................................
Prem ium received ....................................................................................
Rent received .............................................................................................
A ppraisers’ fees .........................................................................................

$6,037
4 5,471
8 ,0 0 0
7 ,4 00
2, 900
15
16, 341
259
723
63

22
33
00
00
00
30
66
93
00
00

$87,211 44
DISBURSEM ENTS.
Loaned on m ortgage ..............................................................................
Loaned on shares .....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
Paid borrow ed money and prior m ortga ges.................................
P aid interest on borrow ed money and prior m ortgages...........
P aid fo r real esta te.................................................................................
P aid salaries and clerk -h ire.................................................................
P aid advertising, prin tin g and p osta g e ...........................................
P a id rent ......................................................................................................
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, e t c .....................................................................
P aid banking department, exam ination ..........................................
A ccrued interest .......................................................................................
Fines refunded ............................................................................................
A pp raiser’ s fees .........................................................................................
Cash on hand December 31, 1913........................................................

$20,250 00
875 00
34,692 29
15,000 00
105 77
3 ,5 56 86
850 00
224 51
240 00
149 00
817 55
26 00
3, 800 87
80
89 00
6,5 33 79
$87,211 44

Plan, permanent. Par value of shares, $100 and $250. Instalm ents are
10 cents and 25 cents weekly.
Shares in force January 1, 1913, 1,970; shares issued durin g the year, 364;
shares withdrawn during the year, 107; shares in force, 2,227. B orrow ing
members, 20, holding 288 shares; non-borrow ing members, 362, holding
1,939 shares. Female shareholders, 170, holding 953 shares. T otal dividends
credited members during the year on instalm ent shares, $10,857.72; rate, 5
per cent.




B ronx C ounty.

67

N o unpaid w ithdraw als. Operating expenses, as defined in section 227 o f
the Banking Law, incurred and paid during the year, $1,314.51. Unpaid,
none.
N o prem ium plan. Interest paid by borrow ing members, 5 ^ per cent, and
6 per cent. N o premium charged.
Loans have been made in N ew Y ork county, New Y ork State. Largest
m ortgage loan outstanding, $7,000. M ortgages in force in New Y ork State,
$228,500. One foreclosure during the year.

TREMONT BUILDING AND LOAN ASSOCIATION.
N o. 1931 W ashington avenue, N ew Y ork , N. Y .
[Organized under Law of 1851.
Officers.
P resid en t...................
Secretary ..................
Treasurer ................
Attorney ...................

Commenced business 1884.]

Names.
THOMAS C. L E W IS...............................
ROBERT I. LOMAS, J b .......................
MARTIN W ALTER..................................
TITLE GUARANTEE & TRUST CO..

Post-office addresses.
4060 Broadway.
1941 Concourse Street.
507 Tremont Avenue.
176 Broadway.

ASSETS.
Loans on bond and m ortgage ..............................................................
Loans on shares ............. ..........................................................................
Cash on hand and in -bank.....................................................................
Instalm ents due and unp aid .........................................
$47 50
Interest, premium, fees and fines due and unpaid
9 73

$ 1 04,900 00
6, 250 00
8,191 41

$119,341 41
LIABILITIES.
Due shareholders, instalm ent shares.................................................
Dividends credited ..................................................................................
Earnings undivided ................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ...........

$93,786
19, 111
3,9 84
2 ,4 5 9

50
70
04
17

$119,341 41
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalment shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferrd to real e s ta te ..
Loans on shares rep aid.........................................................................
Fees received ............................................................................................
Fines received ...........................................................................................
Interest received .......................................................................................
Prem ium received ....................................................................................

$1,851
21,937
18,400
2 ,7 5 0
16
26
6 ,917
1, 393

00
50
00
00
00
78
49
28

$53,292 05
DISBURSEM ENTS.
Loaned on m ortgage ..............................................................................
Loaned on shares ....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
Paid matured shares .............................................................................
Dividends paid on w ithdraw al, or applied on loa n s....................
P aid salaries and clerk-hire.................................................................
P aid advertising, printing and posta ge...........................................
Paid rent .............................................................................
P aid banking departm ent, exam ination ........................................
P aid banking department, assessm ent.............................................




$ 6 ,80 0
4, 500
21 ,98 0
5, 700
5 ,448
500
29
72
19
9

00
00
00
00
77
00
69
00
80
88

R eport

68

on

S avings

L oan A ssociations.

and

Officers’ bonds ............................................................................................
State League dues ...................................................................................
Janitor ............................................................................................................
Cash on hand' December 31, 1913......................................................

$30
5
5
8, 191

00
50
00
41

$53,292 05

Plan, serial. P ar value of shares, $100. Instalm ents are 50 cents
m onthly.
Shares in force January 1, 1913, 3,821; shares issued during the year, 602;
shares w ithdraw n during the year, 697; shares in force, 3,726. B orrow ing
members, 28, holding 1,254 shares; non-borrow ing members, 89, holding
2,472 shares. Female shareholders, 50, holding 1,403 shares. T ota l d iv i­
dends credited members durin g the year on instalm ent shares, $6,294.31;
rate, 6 3 /5 per cent. T otal dividends forfeited by w ith draw in g members
during the year, $333.30'.
N o unpaid w ithdraw als. A m ount o f shares m atured during the year,
$5,700. Entrance or membership fee, 50 cents per member. O perating ex­
penses, as defined in section 227 o f the Banking Law, incurred and paid
during the year, $642.19. Unpaid, none.
Prem ium plan, instalm ent. Interest paid by borrow in g members, 6 per
cent. Prem ium paid by borrow in g members, 10 cents per month per share.
Loans have been made in B ron x and New Y ork counties, New Y ork State.
Largest m ortgage loan outstanding, $9,500. M ortgages in force in New
Y o rk State, $104,900. N o foreclosures during the year.

B R O O M E C O U N T Y ’.
CO-OPERATIVE BUILDING AND LOAN ASSOCIATION OF BINGHAMTON,
N E W YORK.
R oom 418 Security M utual L ife B uilding, corner Exchange and C ou rt streets,
Bingham ton, N . Y.
[Organized under Law of 1851.
Officers.
P resid en t.
S ecretary.
Treasurer
A tto rn ey .

Comn enced business 1886.]

Names.
H. D. W HITM ARSH............
FREDERICK J. BAUMANN.
CHARLES D. MATTHEWS
HENRY C. O L M S T E A D ...

Post-office addresses.
122 Oak Street.
416 Security Mut. Life Bldg.
132 State Street.
Bingham ton Sav. Bank Bldg.

ASSETS.

Loans on bond and m ortg a g e.................................................................
Loans on shares .......................................................................................
Cash on hand and in b a n k .....................................................................
F urniture and fixtures .........................................................................

$168,200
2 ,1 8 0
119
285

00
00
91
96

$170,785 87
L IA B IL IT IE S .

Due shareholders, instalm ent shares.................................................
Due shareholders, income shares........................................................
D ividends credited ..................................................................................
Balance to be paid borrow ers on m ortgage loa n s.........................
Borrow ed m oney ........................................................................................
Earnings undivided ................................................................................
Contingent fund (as per section 225 of Banking L a w ) ..............




$52,511
96,000
11,060
1,000
3, 950
3 ,144
3,119

00
00
69
00
00
97
21

$170,785 87

B roome County.

69

RECEIPTS.
Cash on hand January 1, 1913...........................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on income shares .........................................................................
M oney borrow ed ......................................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
Loans on shares rep a id ..........................................................................
Fees received ..............................................................................
Fines r e c e iv e d .............................................................................................
Interest received .......................................................................................
Advances repaid .......................................................................................
Reverted dividends ..................................................................................

$3,896
12,610
21, 400
20, 760
42 ,45 0
3, 835
79
60
9 ,7 34
17
390

91
50
00
00
00
00
25
51
12
00
75

$115,234 04
DISBURSEM ENTS.
Loaned on mortgage ..............................................................................
Loaned on shares ....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loans. . .
P aid matured shares ..............................................................................
P aid income shares ................................................................................
Dividends paid on w ithdraw al, or applied on loa n s....................
Cash dividends paid on income and accum ulative prepaid
shares .........................................................................................................
P aid borrow ed money and prior m ortgages...................................
P aid interest on borrow ed money and prior m ortgages............
Paid salaries and clerk -h ire................................................................
Paid advertising, prin tin g and posta ge..............................................
P aid rent ....................................................................................................
Paid taxes, insurance, e t c .....................................................................
Paid banking department, exam ination ...........................................
Paid banking departm ent, assessment ...........................................
Officers’ bonds . . . . : ................................................................................
Exam ining com m ittee ...........................................................................
Cash on hand December 31, 1913.....................................................

$34,550
3, 180
10, 852
4, 741
2 4 ,BOO
3,207

00
00
50
29
00
26

7,146
24,830
720
625
64
120
170
47
14
30
15
119

39
00
26
00
25
00
00
53
65
00
00
91

$115,234 04

Plan, serial. Par value of shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 2,192; shares issued during the year,
422; shares withdrawn during the year, 524; shares in force, 2,090. B or­
row ing members, 122, holding 880 sh a res; non-borrow ing members, 160,
holding 1,210 shares. Female shareholders, 105, holding 853 shares. Total
dividends credited members during the year on instalment shares, $3,686.30;
rate, 6 per cent. T ota l dividends credited or paid in cash to members dur­
ing the year on other shares. $4,932.06; rate 5 per cent. T ota l dividends
forfeited by w ithdraw ing members during the year, $390.75.
N o unpaid withdraw als. Am ount of shares matured during the year,
$4,741.29; Entrance or membership fee, 25 cents per instalm ent share; 10
cents per income share. Operating expenses, as defined in section 227 of the
Banking Law, incurred and paid during the year, $854.25. Unpaid, none.
Premium plan, instalm ent. Interest paid by borrow ing members, 6 per
cent. No premium charged.
Loans have been made in Broom e county, New Y ork State. Largest m ort­
gage loan outstanding, $5 000. M ortgages in force in New Y ork State,
$168 200. N o foreclosures during the year.




70

R eport

on

S avings

L oan A ssociations.

and

HOME MUTUAL LOAN AND SAVINGS ASSOCIATION OF BINGHAMTON,
N E W YORK.
N o. 72 Court street, Bingham ton, N. Y.
[Organized under Law of 1851.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1889.]

Names.
W. H. H ECOX...............................................
WILLIAM A. JOHNSON........................
W. F. SHERWOOD......................................
M. E. P A G E .................... .............................

Post-office addresses.
Bingham ton, N. Y.
Bingham ton, N. Y.
Bingham ton, N. Y.
Bingham ton, N. Y.

ASSETS.
Loans on bond and m ortga ge.................................................................
Loans on shares .......................................................................................
C ontracts for the sale o f real esta te .................................................
B eal estate ...................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtu res............................................................................

$50,107
185
6 ,8 00
984
618
200

35
00
00
95
08
00

$58,895 38
LIABILITIES.
Due shareholders, instalm ent shares.................................................
Due shareholders, accum ulative prepaid shares.............................
Balance to be paid borrow ers on m ortgage lo a n s ........................
B orrow ed m oney .......................................................... ............................
Earnings undivided .................................................................................
Contingent fund (as per section 225 o f Banking L a w ) .............
P aid up stock ..............................................................................................
Paym ents on real estate con tra cts...................................................

$16, 153
2, 804
1 ,6 00
7 ,0 0 0
753
1,050
28, 500
1,033

33
65
00
00
58
00
00
82

$58,895 38
RECEIPTS.
Cash on hand Janu ary 1, 1913............................................
Dues on instalm ent shares credited to m em bers...........................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares re p a id ............................................................................
Fees received ...............................................................................................
Interest received ......................................................................................
Prem ium received .....................................................................................
Reverted dividends ...................................................................................
P aid up sto ck ..............................................................................................
C o n t r a c t s ........................................................................................................

$7,078
6,331
7 ,0 0 0
8, 098
1,665
2
2 ,8 2 4
15
82
200
592

46
27
00
08
00
25
80
60
89
00
82

$33,891 17
DISBURSEM ENTS.
Loaned on m ortgage ..............................................................................
Loaned on shares .....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on income and accum ulative prepaid
shares ..........................................................................................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P a id salaries and clerk-h ire..................................................................
P a id advertising, prin tin g and posta ge..........................................
P a id rent ......................................................................................................




$21, 550
275
7,331
748

00
00
10
23

1,455
15
20
50
25

06
66
00
18
76

Cattaraugus County.

71

P aid taxes, insurance, e t c .......................................................................
P aid banking departm ent, exam ination ..........................................
P aid banking departm ent, assessment ...........................................
Officers’ bonds ............................................................................................
Insurance ......................................................................................................
M ortgage taxes .........................................................................................
M oving safe and furn itu re ..................................................................
Paid up s to ck .............................................................................................
Cash on hand December 31, 1913..........................................................

$94 00
23 85
415
12 50
14 60
113 00
40 00
1,500 00
618 08
$33,891 17

Plan, permanent. P ar value o f shares, $100, $200, $300 and $500. In ­
stalm ents are 25 cents weekly.
Shares in force January 1, ,1913, 840; shares issued during the year, 110;
shares withdraw n during the year, 2 1 6 ; shares in force, 734. B orrow ing
members, 36, holding 143 shares; non-borrow ing members, 80, holding 591
shares. N o record o f female shareholders. T otal dividends credited mem­
bers during the year on instalm ent shares, $988.43; rate, 4 y 2 per cent, to 6
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $1,455.06; rate, 4 per cent, to 5 per cent. Total
dividends forfeited by w ithdraw ing members during the year, $82.89.
N o unpaid w ithdraw als. Am ount of shares matured during the year,
$750. Entrance or membership fee, 25 cents per share. Operating expenses,
as defined in section 227 o f the Banking Law , incurred and paid during the
year, $163.04. Unpaid, none.
N o premium plan. Interest paid by borrow ing members, 5 % per cent, and
6 per cent. N o premium charged.
Loans have been made in B room e county, New Y ork State. Largest m ort­
gage loan outstanding, $3,500. M ortgages in force in New Y ork State,
$50,107.35. N o foreclosures during the year.

C A T T A R A U G U S C O U N TY .
GOWANDA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 25 M ain street, Gowanda, N. Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t ...................
Secretary ....................
Treasurer ...................
Attorney .....................

Commenced business 1889.]

Names.
Post-office addresses.
HENRY R. G AENSSLEN..............................
Gowanda. N. Y.
FRANKLIN J. H ERDEG..............................
Gowanda. N. Y.
FRANKLIN J. HERDEG ..............................
Gowanda. N. Y.
FRED J. BLACKMON................................... Gowanda, N. Y.

ASSETS.
Loans on bond and m ortga ge..............................................................
Loans on shares ......................................................................................
Stock and bonds ......................................................................................
Real estate .................................................................................................
Cash on hand and in b a n k ...................................................................
Furniture and fixtures ...........................................................................
Interest, premium, fees and fines due and u n p a id ......................
Accrued interest .......................................................................................




$434, 543
20 ,62 8
29, 325
3, 500'
2 4,112
850
589
4 ,0 10

87
00
00
00
07
00
56
44

$ 517,558 94

72

R epoet

on

S avings

and

L oan A ssociations.

LIABILITIES.
Due shareholders, instalm ent shares.................................................
Due shareholders, savings shares........................................................
Due shareholders, accum ulative prepaid shares.............................
Due shareholders, income shares..........................................................
D ividends credited ..................................................................................
Earnings undivided .................................................................................
Contingent fund (as per section 225 of Banking L a w ) ...........

$227, 120
5 3,456
26,945
160, 000'
28 ,59 9
13, 837
7 ,6 0 0

50
25
00
00
55
64
00

$517,558 94
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalment shares credited to m em bers...........................
Dues on savings shares............................................................................
Dues on accum ulative prepaid shares...............................................
Dues on income shares ..........................................................................
M oney borrowed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares repaid .......................................................... - .............
Fees received ..............................................................................................
Fines received ...........................................................................................
Interest received ......................................................................................
Rent received .............................................................................................
Reverted dividends ..................................................................................

$ 9,354
78, 133
105,264
11,.985
115,900
10,000
46,241
26,316
481
43
23,731
361
504

55
75
85
00
00
00
10
75
75
44
07
00
55

$428,317 81
DISBURSEM ENTS.
Loaned on m ortgage ...............................................................................
Loaned on shares .....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid savings shares ...............................................................................
P aid accum ulative prepaid shares......................................................
P aid income shares ................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s......................
Cash dividends paid on income and accum ulative prepaid
s h a r e s ..........................................................................................................
P aid borrow ed money and prior m ortga ges....................................
P aid interest on borrow ed m oney and p rior m ortga ges...........
P aid salaries and clerk-h ire...................................................................
P aid advertising, printing
and p osta ge...........................................
P aid repairs to real esta te....................................................................
P aid taxes, insurance, e t c .....................................................................
P aid banking department,exam ination ..............................................
P aid banking departm ent,assessm ent..................................................
State League dues ..................................................................................
Books ..............................................................................................................
Office supplies ...........................................................................................
L igh t and fuel .............................................................................................
Bonds p u r c h a s e d .........................................................................................
Cash on hand December 31, 1913........................................................

$155, 480
27, 093
59,588
76,289
1,955
4 5 ,9 0 0
10,145

00
00
00
34
00
00
12

4 ,521
10, 588
219
1, 650
72
144
136
62
30
7
104
143
74
10, 000
24, 112

91
26
65
00
10
43
36
40
72
00
25
28
92
00
07

$428,317 81
Plan, permanent. P ar value of shares, $125. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 6,386; shares issued during the year,
1,927; shares w ithdraw n during the year, 1,580; shares in force, 6,733.
B orrow ing members, 238, holding 1,880 shares; non-borrow ing fhembers,
929, holding 4,853 shares. Female shareholders, 497, holding 2,310 shares.
Total dividends credited members during the year on instalm ent shares,
$12,954.77; rate, 6 2 /1 0 per cent. T ota l dividends credited or paid in cash




Cattaraugus C ounty.

73

to members during the year on other shares, $4,521.91; rate, 4 ^ per cent on
income shares and 3 per cent, on saving shares. Total dividends forfeited
by w ithdraw ing members during the year, $504.55.
N o unpaid withdraw als. A m ount o f shares m atured during the year,
$36,791.51. Entrance or membership fee, 25 cents per share. O perating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $2,051.55. Unpaid, none.
Prem ium plan, instalment. Interest paid by borrow ing members, 6 per
cent. Prem ium paid by borrow ing members, 2 % cents per share.
Loans have been made in Cattaraugus, Chautauqua and Erie counties,
New Y ork State. Largest m ortgage loan outstanding, $7,900. M ortages in
force in New Y ork State, $434,543.87. N o foreclosures during the year.

OLEAN BUILDING, LOAN AND SAVINGS ASSOCIATION.
N o. 109 N orth street, Olean, N . Y .
[Organized under Law of 1851.
.Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1892.]

Names.
Post-office addresses.
N. Y. V. FRANCHOT............................................ Olean, N. Y.
F. V. R. STILLM AN............................................... Olean, N. Y.
ALLAN B. W ILLIAMS.......................................... Olean, N. Y.
CREIGHTON S. ANDREW S..............................
Olean, N. Y.

ASSETS.
Loans on bond and m ortga ge...............
Loans on shares...........................................................................................
Contracts fo r the sale of real estate...................................................
Cash on hand and in b a n k .....................................................................
Advances for taxes, insurance, e t c ....................................................
County c l e r k .................................................................................................

$54,100
3 ,7 6 0
1,702
1,071
1
8

00
30
43
68
10
55

$60,644 06
LIABILITIES.
Due shareholders, instalment shares.................................
Due shareholders, income shares............................................................
D ividends credited ....................................................................................
Borrowed money .........................................................................................
Earnings u n d iv id e d .....................................
Contingent fund (as per section 225 of Banking L a w ) .............

$45,014
4, 750
6, 827
1,000
1,012
2 ,0 4 0

90
00
02
00
14
00

$60,644 06
RECEIPTS.
Cash on hand January 1, 1913................................................................
Dues on instalment shares credited to m em bers..........................
Dues on income shares..............................................................................
Money borrowed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ..............................................................................
Interest received .........................................................................................
Premium r e c e iv e d .......................................................................................
Advances repaid .........................................................................................
Reverted d iv id e n d s ....................................................................................
County c l e r k .................................................................................................
Paid on c o n t r a c t s .......................................................................................
Transfer f e e .................................................................................................




$ 6 ,3 5 0 33
20,392 18
1,550 00
1, 000 00
11,900 00
3 ,2 2 0 60
2 ,9 4 4 26
920 19
15 09
35 67
2 22
189 00
50
$48,520 04

Y4

R eport

on

S avings

and

L oan A ssociations.

DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P aid income shares.....................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ...................
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P aid interest on borrow ed money and p rior m ortgages................
P aid salaries and clerk-h ire.....................................................................
P aid advertising, printing and p osta ge............................................
P a id r e n t ........................................................................................................
P aid banking departm ent, exam ination .............................................
P aid banking department, assessm ent.................................................
M ortgage ta x account ..............................................................................
R ecording ......................................................................................................
Cash on hand, December 31, 1913........................ ...............................

$15, 800
4 ,4 2 0
18,454
4 ,6 5 0
2 ,5 5 2

00
00
58
00
29

224
29
948
94
120
44
4
86
18
1,071

13
83
00
50
00
76
88
50
89
68

$48,520 04
Plan, permanent. P a r value of shares, $100. Instalm ents are 20 cents
weekly.
Shares in force January 1, 1913, 1,680; shares issued during the year, 510;
shares w ithdrawn during the year, 4 07; shares in force, 1,783. B orrow ing
members, 65, holding 541 shares; non-borrow ing members, 272, holding 1,242
shares. Female shareholders, 177, h oldin g 888 shares. T ota l dividends
credited members during the year on instalm ent shares, $2,205.88; rate, 5%
per cent. Total dividends credited o r paid in cash to members during the
year on other shares, $224.13; rate, 3V& per cent. T ota l dividends forfeited
b y w ithdraw ing members during the year, $35.67.
N o unpaid w ithdraw als. A m ount of shares m atured during the year,
$7,315.94. Operating expenses, as defined in section 227 o f the Banking Law,
incurred and paid during the year, $1,181.39. U npaid, none.
Prem ium plan, instalm ent. Interest paid by borrow in g members, 10 cents'
per share per week. Prem ium paid b y borrow ing members, 15 cents per share
per month.
Loans have been made in Cattaraugus county, N ew Y ork State. Largest
m ortgage loan outstanding, $6,000. M ortgages in force in New Y ork State,
$54,100. N o foreclosures during the year.

SALAMANCA LOAN AND BUILDING ASSOCIATION.
No. 6 A tla n tic sereet, Salamanca, N . Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ...................
A ttorney .....................

Names.
AUGUST S E I T Z ..,
JOHN HOAG.........
E. F. HOY................
HUDSON ANSLEY

Commenced business 1882.]
.....................................
.....................................
.....................................
.....................................

Post-office addresses.
Salamanca, N. Y.
Salamanca, N. Y.
Salamanca, N. Y.
Salamanca, N. Y.

ASSETS.
Loans on bond and m ortga ge...................................................................
Cash on hand and in b a n k ........................................................................
Furn itu re and fixtu res..............................................................................
Advances fo r taxes, insurance, e t c ......................................................
A ttorn ey fees a d v a n ce d ............................................................................




$498, 750' 00
2, 238 66
100 00
118 85
74 75
$501,282 26

Cattaraugus C ounty.

75

LIA B IL IT IE S.
Due shareholders, instalm ent shares...................................................
Dividends credited ....................................................................................
Due shareholders, m atured shares.......................................................
Balance to be paid borrowers on m ortgage loa n s.............................
Borrow ed money .........................................................................................
Earnings u n d iv id e d ....................................................................................
Contingent fund (as per section 2'25 of Banking L a w ) ..............
Unearned or rebatable prem iu m ............................................................

$366, 112 68
58, 281 55
250 00
5, 450 00
48,542 52
76 22
3,351 58
19,217 71
$501,282 26

RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalment shares credited to m em bers.............................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Fines r e c e iv e d ...............................................................................................
Interest r e c e iv e d .........................................................................................
Premium r e c e iv e d .......................................................................................
Reverted d iv id e n d s ....................................................................................

$2,243
130, 214
61, 746
75,875
116
23, 084
5, 332
396

38
98
99
00
24
08
50
39

$299,009 56
DISBURSEMENTS.
Loaned on m ortga ge..................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
D ividends paid on w ithdraw al, or applied on loa n s.........................
Paid borrow ed money and prior m ortgages....................................
P aid interest on borrowed money and p rior m ortga ges...........
P aid salaries and clerk-h ire...................................................................
P aid advertising, printing and p osta ge............................................
Paid r e n t ........................................................................................................
Paid banking department, exam ination ..........................................
Paid banking department, a s se s s m e n t...............................................
State League du es......................................................................................
Fuel and lig h t.............................................................................................
Cleaning office .............................................................................................
Telephone ......................................................................................................
S u p p lie s ..........................................................................................................
I n s u ra n c e ........................................................................................................
R efund p r e m iu m .........................................................................................
To correct e rr o r ...........................................................................................
Contingent f u n d ...........................................................................................
S u n d rie s ..........................................................................................................
Cash on hand December 31, 1913..........................................................

$90, 350
113,190
19, 655
68,015
2,691
1,183
4
158
55
38
9
20
12
15
73
11
163
21
1, 087
14
2 ,2 3 8

00
06
05
70
68
33
75
00
70
81
00
30
00
00
70
25
35
25
00
97
66

$299,009 56

Plan, serial. Par value o f shares, $125. Instalm ents are 25 cents weekly.
Shares in force January 1, 1913, 8,318 shares issued during the yea r, 1,995;
shares withdraw n during the year, 1,500; shares in force, 8,813. B orrow ing
members, 379, holding 4,002 shares; non-borrow ing members, 693, holding
4,811 shares. Female shareholders, 619, holding 3,134 shares. T otal d iv i­
dends credited members during the year on instalm ent shares, $21,065.20;
rate, 6 per cent. T otal dividends forfeited b y w ithdraw ing members during
the year, $396.39
N o unpaid withdraw als. Operating expenses, as defined in section 227 o f
the Banking Law, incurred and paid during the year, $1,497.75. Unpaid,
none.




76

R eport

on

S avings

and

L oan A ssociations.

Prem ium plan, gross. Interest paid by borrow ing members, 6 per cent.
Prem ium paid by borrow ing members, .0085 per cent.
Loans have been made in Cattaraugus county, New Y ork State. Largest
m ortgage loan outstanding, $25,000'. M ortgages in force in New Y ork State,
$498,750. No foreclosures during the year.

CH AU TAU QU A COUNTY.
DUNKIRK SAVINGS AND

LOAN ASSOCIATION.

No. 229 Central avenue, Dunkirk, N. Y .
[Organized under Law o f 1851.
Officers.
'P r e s id e n t ...................
Secretary ....................
Treasurer ......... ..
A ttorney .....................

Commenced business 1889.]

Names.
WILLIAM BOOKSTAVER . . .
GEORGE A. BAUSUM .................
JAMES M. M ADIGAN.................
WILLIAM BOOKSTAVER . . .

Post-office addresses.
229 Central Avenue.
Lake Shore N ational Bank.
M erchants’ N ational Bank.
229 Central Avenue.

ASSETS.
Loans on bonds and m ortg a g e ..............................................................
Loans on shares...........................................................................................
Cash on hand and in b a n k .....................................................................

$211,150 00
950 00
15,519 06
$227,619 06

LIA B IL IT IE S.
Due shareholders, instalm ent shares...................................................
D ividends credited .....................................................................................
Earnings u n d iv id e d .....................................................................................
Contingent fund (as per section 225 o f Banking L a w ) .............

$203,836
18, 258
2, 467
3 ,0 56

75
61
44
26

$227,619 06
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on installm ent shares credited to m em bers...........................
M ortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares re p a id ............................................................................
B eal estate s o ld ...........................................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
In terest r e c e iv e d .........................v..............................................................
R ent r e c e iv e d ................................................................................................
Advances repaid ..........................................................................................
R everted dividends .....................................................................................

$23,274
92, 353
2 1 ,8 0 0
100
2 ,1 5 0
631
156
9 ,8 6 3
41
7
418

49
13
00
OO
00
75
30
76
OO
50
62

$150,796 55
DISBURSEM ENTS.
Loaned on m ortga ge...................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loans. . . .
D ividends paid on w ithdraw al, or applied on lo a n s ......................
P aid salaries and clerk -h ire...................................................................
P aid advertising, prin tin g and p osta g e.............................................
P a id rent ............................................................................................... . . .
P aid taxes, insurance, etc.........................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................




$64, 176
650
62, 458
6, 883
9*00
15
75
19
28
15

58
00
56
42
00
60
00
53
62
64

C hautauqua C ounty.

77

State League du es......................................................................................
Light, cleaning office and telephone.......................................................
V ault rent ....................................................................................................
R epairs to fu rn itu re..................................................................................
R ecord book .................................................................................................
Cash on hand December 31, 1913..........................................................

$5 50
13 90
20 OO
374
11 40i
15,519 06
$150,796 55

Plan, serial. Par value of shares, $100. Instalm ents are 25 cents weekly.
Shares in force January 1, 1913, 5,930; shares issued during the year,
2,469; shares withdraw n during the year, 1,526; shares in force, 6,873. B or­
row ing members, 245, holding 2,109 shares; non-borrow ing members, 1,219,
holding 4,764 shares. Female shareholders, 725, holding 2,836 shares. Total
dividends credited members during the year on instalm ent shares, $9,593.98;
rate, 5 % per cent. T otal dividends forfeited by w ithdraw ing members during
the year, $418.62.
N o unpaid w ithdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $1,045.14. Unpaid, none.
N o premium plan. Interest paid by borrow ing members, 10 cents per share
per week. N o premium charged.
Loans have been made in Chautauqua county, New Y ork State. Largest
m ortgage loan outstanding, $5,000. M ortgages in force in New Y ork State,
$211,150. N o foreclosures during the year.

LAKE SHORE SAVINGS AND LOAN ASSOCIATION.
N o. 18 E ast Second street, Dunkirk, N . Y .
[Organized under Law of 1851.
Officers.
President ....................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1891.]

Names.
DANIEL SCANXELL
JOHN J. MADIGAN.
T. D. LU N T ..................
J. L. H U R LB U R T...

Post-office addresses
211 Park Avenue
113 West Fourth Street.
L. Shore National Bank.
18 E ast Second Street.

ASSETS.
Loans on bond and m ortga ge................................................................
Cash on hand and in b a n k .....................................................................
Advances for taxes, insurance, etc.......................................................

$ i77. 208 64
1,796 54
9 08
$179,014 26

LIABILITIES.
Due shareholders, instalment shares...................................................
Dividends credited ....................................................................................
Borrow ed m o n e y ........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............

$142,540
24,758
7, 500
1, 627
2 ,5 87

46
41
00
44
95

$179,014 26
RECEIPTS.
Cash on hand January 1, 1913................................................................
Dues on instalm ent shares credited to m em bers.............................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees received ...............................................................................................




$14, 329
39,426
23, 000
39,150
231

70
94
00
00
80

78

R epoet

on

S avings

and

L oan A ssociations.

Fines received ..............................................................................................
Interest r e c e iv e d .........................................................................................
In dividual accounts ...................................................................................

$106 76
9, 334 69
177 50
$125,757 39

DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on l o a n s ...
P a id m atured shares...................................................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
P aid borrow ed money and prior m ortga ges......................................
P a id interest on borrow ed money and prior m ortga ges...............
P a id salaries and clerk-h ire...................................................................
P aid advertising, printing and p osta ge.............................................
P aid rent ......................................................................................................
P aid banking department, exa m in a tion .............................................
P aid banking departm ent, assessm ent...............................................
Advances for taxes, insurance, etc.......................................................
State League du es.......................................................................................
W a tc h m a n ......................................................................................................
In dividual accounts ...................................................................................
Cash on hand December 31, 1913........................................................

$53,2 0 0 00
35,490 82
11,613 65
6,8 47 09
15,500 00
267 62
460 00
16 43
45 00
28 62
14 37
9 08
550
14 00
448 67
1,796 54
$125,757 39

Plan, permanent serial. P ar value o f shares, $100. Instalm ents are 10
cents weekly.
Shares in force January 1, 1913, 7,284; shares issued during the year,
2,293; shares w ithdraw n durin g the year, 1,564; shares in force, 8,013’. B or­
row in g members, 129, holding 2,570 shares; non-borrow ing members, 355,
holding 5,443 shares. Fem ale shareholders, 180, holding 2,218 shares. T otal
dividends credited members during the year on instalm ent shares, $8,307.85;
rate, 5 3 /1 0 per cent.
N o unpaid w ithdraw als. Am ount o f shares m atured durin g the year,
$11,613.65. Entrance or membership fee, 10 cents per share. Operating ex­
penses, as defined in section 227 o f the Banking Law , incurred and paid dur­
ing the year, $540.93! Unpaid, none.
N o premium plan. Interest paid b y b o rro w in g . members, 5 2 /1 0 per cent.
N o prem ium charged.
Loans have been made in Chautauqua county, N ew Y ork State. Largest
m ortgage loan outstanding, $8,553. M ortgages in force in New Y ork State,
$177,208.64. N o foreclosures during the year.

SILVER CREEK CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 10 M ain street, Silver Creek, N. Y.
[Organized under Law o f 1894.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ...................
A ttorney .....................

Commenced business 1909.]

Names.
Post-office addresses.
C. S. HOLM ES............................................... Silver Creek, N. Y.
W. .T. B R A N D .................................................
Silver Creek, N. Y.
HOWARD M. MONTGOMERY................
Silver Creek, N. Y.
CARLTON B. LIVERMORE.....................
Silver Creek, N. Y.
ASSETS.

Loans on bond and m ortga ge.................................................................
Loans on sh a res...........................................................................................
Cash on hand and in b a n k .....................................................................




$38,250 00
425 00
1 ,115 84
$ 3 9 ,7 9 0 84

C hautauqua C ounty.
LIABILITIES.
Due shareholders, instalm ent sh a res...................................................
Due shareholders, accum ulative prepaid shares.............................
D ividends credited ....................................................................................
Balance to be paid borrow ers on m ortgage loa n s........... . ...........
Borrow ed m oney ......................................................................... .............
E arnings undivided ..................................................................................
Contingent fund (as per section 225 of B anking L a w ) .............

79

$31,712
3, 200
1,706
652
1 ,500
877
142

75
00
04
13
00
89
03

$39, 790 84
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on accum ulative prepaid shares.................................................
M oney 'borrowed ......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ..............................................................................
Fees received ...............................................................................................
Fines received .............................................................................................
Interest received ......... .............................................................................>

$1 ,59 0
13,688
300
1,500
1,075
515
99
24
1.727

19
00
00
00
00
00
75
25
90

$20, 520 09
D IS B U R S E M E N T S .

Loaned on m ortgage ................................................................................
Loaned on shares ................................................... ' ..................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s . . . .
P aid accum ulative prepaid shares.......................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on incom e and accum ulative prepaid
shares ........................................................................................................
P aid borrow ed m oney and prior m o r t g a g e s ....................................
P aid interest on borrow ed m oney and prior m ortgages..............
P aid salaries and clerk-hire................................................................
P aid advertising, printing and p osta g e ............................................
P aid banking departm ent, exam ination ..........................................
P aid banking department, a s s e s s m e n t ..........................................
Officers’ bonds .............................................................................................
R ecording mortgages ..............................................................................
M ortgage t a x ................................................
E lectric l i g h t ...............................................................................................
Elxpress ..........................................................................................................
Cash on hand December 31, 1913............................................................

$10,847 87
805 00
4, 3461 25
1,700 00
188 88
190
1,000
30
179
14
21
2
12
7
57

00
00
58
00
36
60
38
00
88
50
45
50
1,115 84
$20,520 09

Plan,- permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 1,058; shares issued during the year, 396;
shares w ithdraw n during the year, 2 85; shares in force, 1,169. B orrow ing
members, 29, holding 334 shares; non-borrow ing members, 185, holding 835
shares. Female shareholders, 57, holding 247 shares. T ota l dividends cred­
ited members during the year on instalm ent shares, $992.24; rate, 5%: per
cent. T otal dividends credited o r paid in cash to mem bers during the year
on other shares, $190; rate, 5 per cent.
N o unpaid w ithdraw als. Entrance or membership fee, 25 cents per share.
O perating expenses, as defined in section 227 o f the Banking Law, incurred
and paid during the year, $206.31. Unpaid, none.
N o premium plan. Interest paid by borrow ing members, 5 2 /1 0 per cent.
N o prem ium charged.
Loans have been made in Chautauqua county, New Y ork State. la r g e s t
m ortgage loan outstanding, $5,000. M ortgages in force in N ew Y ork State,
$38,250* N o foreclosures during the year.




80

R eport

on

S avings

and

L oan A ssociations.

CH EM U N G C O U N T Y .
CHEMUNG VALLEY MUTUAL LOAN ASSOCIATION.
N o. 121 E ast Church street, E lm ira, N.
[O rganized under Law of 1861.
Officers.
P r e s id e n t ...................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1875.
Law o f 1894.]

Names.
CLAY W. HOLMES..........................
GEORGE H. DAVIDSON...............
MILTON Y. SM IT H ..........................
CASSIUS A. P H IL L IP S .................

Y.
Reorganized under

Post-office addresses.
410 W. Gray Street.
121 E ast Church Street.
Second National Bank.
511 Robinson Bldg.

ASSETS.
Loans on bonds and m ortga ges.................................................................$1,296, 283
Loans on shares...........................................................................................
56,500
R eal estate ..................................................................................................
11,294
Cash on hand and in b a n k .......................................................................
29,650
F urniture and fixtures ............................................................................
640
Instalm ents due and u n p a id ...................................................................
3, 176
Interest, premiums, fees and fines due and u n p a id ......................
1, 625
Advances for taxes, insurance, e t c ........................................................
996

26
00
12
10
60
97
40
29

$ 1 ,4 0 0 ,1 6 6 74
LIABILITIES.
Due shareholders, instalm ent shares...................................................
Due shareholders, income shares..........................................................
Due shareholders, juvenile savings shares......................................
D ividends credited ....................................................................................
B a la n c e to be paid borrow ers on m ortgage lo a n s .........................
Borrow ed money .......................................................................................
Earnings undivided ...................................................................................
Contingent fund (a s per section 225 of Banking L a w ) ...............
Instalm ents prepaid ................................................................................ .
Interest prepaid .........................................................................................

$802,926
345,000
21 ,18 0
165, 742
5 ,0 50
38, 000
218
19,296
2, 700
53

00
00
15
49
00
00
03
25
62
20

$1,400, 166 74
R E C E IP T S .

Cash on hand January 1, 1913...........
Dues on instalm ent shares credited to m em bers.............................
Dues on income shares..............................................................................
Dues on ju ven ile savings shares ........................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed o r transferred to real e s ta t e ..
Loans on shares repaid .........................................................................
R eal estate sold .......................................................................................
Fees received .............................................................................................
Fines received .............................................................................................
Interest received .......................................................................................
R ent received ...............
Advances repaid .........................................................................................
Juvenile banks sold ..................................................................................

$27,175
194,772
113,300
10,968
7 2,000
129,163
48 ,30 0
1,433
1,051
771
67,808
1,817
603
13

79
36
00
98
00
73
00
73
75
21
08
16
24
00

$669,179 03
D IS B U R S E M E N T S .

Loaned on m ortgage ...................... .......................................................
Loaned on shares ...................... .............................................................




$271,500 00
30, 300 00

C hemung County.

81

Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
P aid matured shares .............................................................................
P aid income shares .............................................................. ...................
P aid juvenile savings shares ................................................................
Dividends paid ori w ithdraw al, or applied on loa n s....................
Cash dividends paid on income and accum ulative prepaid
shares ........................................................................................................
P aid borrowed money and prior m o r tg a g e s .....................................
Paid interest on borrowed money and prior m ortgages...............
P a id salaries and clerk-hire................................................................
P aid advertising, printing and posta ge..........................................
P aid rent ......................................................................................................
P a id repairs to real esta te.....................................................................
P aid taxes, insurance, e t c .......................................................................
P aid banking departm ent, exam ination ............................................
P aid banking departm ent, assessm ent...............................................
Advances for taxes, insurance, e tc ........................................................
Sundries ........................................................................................................
Appraisal fees .............................................................................................
Office supplies .............................................................. ! ..............................
Cash on hand December 31, 1 9 1 3 ...-...................................................

$09, 486
94,200
68, 600
5, 555
11,269

30
00
00
32
50

12,021
69, 000
1,850
3 ,2 68
165
700
146
245
193
102
404
230
237
51
2 9,650

03
00
94
00
73'
00
18
23
00
50
85
69
50
50
10

$669,179 03
Plan, serial. P ar value of shares, $200. Instalm ents are $1 monthly.
Shares in force January 1, 1913, 14,512; shares issued during the year,
3,093; shares withdrawn during th e year, 1,873; shares in force, 15,732.
B orrow ing members, 1,075, hoM ing 7,475 shares; non-borrow ing members,
816, holding 8,257 shares. Female shareholders, 938, holding 5,839 shares.
Total dividends credited members during the year on instalm ent shares, $46,380.78; rate, 5 2 /1 0 per cent. Total dividends credited or paid in cash to
members during the year on other shares, $13,233.82; rate, 4 per cent. Total
dividends forfeited by w ithdraw ing members during the year, $1,217.99.
N o unpaid withdraw als. Am ount o f shares m atured during the year,
$94,200. Entrance or membership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid during
the year, $4,601.92. Unpaid, none.
Prem ium plan, gross. Interest paid by borrow ing members, 5 1/10 per cent.
N o premium charged.
Loans have been made in Chemung county, New Y ork State.
Largest
m ortgage loan outstanding, $25,000. M ortgages in force in New Y ork State,
$1,296,283.26. One foreclosure during the year.

ELMIRA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
N o. 157 Lake street, E lm ira, N. Y .
[Organized under Law of 1887.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1888.]

Names.
Post-office addresses.
HENRY L. ROSENBAUM.................................... Elm ira, N. Y.
HENRY M. CLARKE........................................... Elmira, N. Y.
HENRY M. CLARKE........................................... Elm ira, N. Y.
HERSCHEL L. GARDNER................................. Elm ira, N. Y.

ASSETS.
Loans on bond and m ortga ge...........................
Loans on shares ...................................................
Contracts fo r the sale of real esta te.........
Cash, ©n- hand and in b a n k .......................




$341,500
22, 750
167
0 ,0 0 2

00
GO
75
65

82

R eport

on

S avings

and

L oan A ssociations.

F urniture and fixtures ..........................................................................
Instalm ents due and u n p a id ...................................................................
Interest, premium, fees and fines due and u n p a id ......................

$350 00
2 ,2 34 00
1,449 67
$377, 454 07

LIABILITIES.
Due shareholders, instalm ent shares .................................................
Due shareholders, incom e shares........................................................
Due shareholders, juvenile savings shares........................................
D ividends credited .....................................................................................
Balance to be paid borrow ers on m ortgage loa n s.........................
Borrow ed money .........................................................................................
Earnings undivided ...................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............

$235, 689
8 1,000
4 ,6 7 8
42, 806
600
6, 000
1,415
5 ,2 65

00
00
19
34
00
00
08
46

$377,454 07
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers...........................
Dues on income shares ..........................................................................
Dues on juvenile savings shares..........................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred t o real esta te. .
Loans on shares repaid ..........................................................................
Real estate s o ld ...........................................................................................
Fees reecived ................................................................................................
Fines received .........................................................
Interest received .......................................................................................
R en t received ............................
Advances repaid .......................................................................................
Juvenile banks sold ..................................................................................
A ccou nt o f real estate s o ld .....................................................................
Southern Pacific R ailroad Com pany’s bonds s o ld .........................
Interest on bonds s o ld ...................................................................................

$5,698
54,746
33,400
1,466
18, 000
26, 050
28,000
2, 200
227
344
18, 353
96
58
16
100
4 ,5 6 5
100

15
00
00
82
00
00
00
00
50
98
83
00
60
00
00
28
00

$193,423 16
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Loaned o n shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ...
P a id m atured shares ..............................................................................
P aid incom e shares ...................................................................................
P aid juvenile savings shares.................................................................
Dividends paid on w ithdraw al, o r applied on l o a n s . , ................
Cash dividends paid on income and accum ulative prepaid
shares ........................................................................................................
P a id borrow ed money and p rior m ortgages....................................
P aid interest on borrow ed money and prior m ortgages...............
P a id salaries and clerk -h ire...................................................................
P aid advertising, prin tin g and postage .............................................
P a id taxes, insurance, e t c .......................................................................
P aid banking department, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Officer’ s bonds .............................................................................................
State League dues .....................................................................................
Juvenile banks redeem ed..........................................................................
A ppraisers’ and auditors’ fe e s ..............................................................
Telephone ..........................................




$39, 800
25, 450
26 ,69 6
26,800
16, 000
1,623
3 ,680

00
00
00
00
00
10
01

2 ,4 56 03
38, 500 00
1,121 53
1,509 00
183 98
152 13
11491
29 89
20 00
7 50
27 00
132 00
25 25

C hemung C ounty.

83

Typew riter ribbons and cleaning adding m ach in e.........................
Expense o f delegate to State L eagu e.................................................
Stationery and sundries .........................................................................
E lectric ligh t fixtures ..............................................................................
General le d g e r .............................................................................................
Loose leaf binders ....................................................................................
Card index ca b in et....................................................................................
Office desk ....................................................................................................
Cash on hand December 31, 1913........................................................

$3
25
18
7
5
15
10
7
9 ,0 0 2

25
00
06
04
50
68
15
50
65

$193,423 16

Plan, serial. P ar value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 5,186; shares issued durin g the year,
1,297; shares w ithdraw n during the year, 917; shares in force, 5,566. B or­
row ing members, 190, holding 2,167 shares; non-borrow ing members, 613,
holding 3,399 shares.
Female shareholders, 349, holding 1,900 shares.
Total dividends credited members during the year on instalm ent shares,
$12,283.82; rate, 4 6 /1 0 per cent. T otal dividends credited or paid in cash
to members during the year on other shares, $2,864.09; rate 4 per cent.
T otal dividends forfeited by w ithdraw ing members during the year, $410.34.
N o unpaid w ithdrawals. A m ount of shares matured during the year,
$26,800. Entrance or membership fee, 25 cents per share. O perating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $1,883.28. Unpaid, none.
Prem ium plan, gross. Interest paid by borrow ing members, 5 1/10 per cent.
N o premium charged.
Loans have been made in Chemung county, New Y ork State. Largest
m ortgage loan outstanding, $6,000. M ortgages in force in New Y ork State,
$340,900. One foreclosure during the year.

ELMIRA M UTUAL BUILDING-LOAN ASSOCIATION.
N o. 167 Lake street, Elm ira, N. Y .
[Organized under Law of 1892.
Officers.
Vice-President
Secretary . . .
A t t o r n e y ___

Commenced business 1893.]

Names.
Post-office addresses.
J. M. SHOEMAKER............................................ Elm ira, N. Y.
JE SSE L. COOLEY..............................................
Elmira. N. Y.
H. C. M ANDEVILLE............................................ Elm ira, N. Y.

ASSETS.
Loans on bond and m ortga ge...........................
Contracts fo r the sale o f real esta te.............
Cash on hand and in b a n k ...............................
Furniture and fix t u r e s ........................................
Advances fo r taxes, insurance, e tc ................
P rofit and loss .....................................................

$11,061
791
5 ,990
160
52
2 ,603

98
04
02
00
32
43

$20,658 79
LIABILITIES.
Due shareholders, instalm ent shares.................................................
Dividends credited ....................................................................................
A ccou nt o f second division of assets...................................................
Balance due shareholders as per last re p o rt.................................




$13, 853
4 ,6 77
769
1,359

44
23
05
07

$20,658 79

84

R eport

on

S avings

and

L oan A ssociations.

R EC EIPTS.
Cash on hand January 1, 1913...............................................................
Dues on instalm ent shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Real estate sold .........................................................................................
Interest received .......................................................................................
Advances repaid .........................................................................................
Received on contracts ..............................................................................
Balance o f contingent account to profit and lo s s .........................
A ccou n t o f second division o f assets...................................................

$3,922
300
12.404
300
778
70
1,446
46
769

54
00
95
00
63
00
85
00
05

$20,038 02
DISBURSEM ENTS.
Loaned on m ortgage .................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
Dividends paid on w ithdraw al, or applied on lo a n s ......................
P aid fo r real estate ................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, printing and postage ..........................................
P aid rent .......................................................................................................
P aid taxes, insurance, e t c .......................................................................
P aid banking departm ent, exa m in a tion .............................................
Sundry expenses .........................................................................................
C ollection and exchange ..........................................................................
Loss on real estate s o ld ..........................................................................
Balance contingent fund, carried to profit and lo s s ....................
Cash on hand December 31, 1913........................................................

$1, 000
5 ,8 3 6
2, 315
4, 099
308
2
120
100
33
4
32
150
46
5,9 90

00
83
58
69
00
00
45
00
13
14
18
00
00
02

$20,038 02
Plan, serial. Par value of shares, $100. Instalm ents are 50 cents and $1
m onthly.
Shares in force January 1, 1913, 1,373% ; shares issued during the year,
n one; shares w ithdraw n during the year, n one; shares in force, 1,373%.
B orrow in g members, 5, holding 50 shares; non-borrow ing members, 135,
holding 1,323% shares. Fem ale shareholders, 13, holding 124 shares.
N o unpaid w ithdraw als. O perating expenses, as defined in section 227
o f the B anking Law , incurred and paid durin g the year, $466.77. Unpaid,
none.
Prem ium plan, prem ium -interest. Interest paid by borrow in g members, 6
per cent. Prem ium paid by borrow ing members, 1 % per cent.
Loans have been made in E rie and N iagara counties, State of New Y ork.
L argest m ortgage loan outstanding, $4,800. M ortgages in force in New Y ork
State, $11,061.98. One foreclosure during the year.

CHENANGO COUNTY.
CHENANGO CO-OPERATIVE SAVINGS AND LOAN ASSQCIATION
OF NORWICH, N. Y.
N o. 182 B road street, N orw ich, N . Y .
[Organized under Law of 1887.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ...................
A t t o r n e y .............. ..




Commenced business 1888.]

Names.
Post-office addresses
F. JOE SCHORN.................................................
Norwich, N. Y.
CHARLES C. M cN IT T .....................................
Norwich, N. Y.
OTIS A. THOMPSON.......................................
Norwich, N. Y.
IRA H. H Y D E ........................................................ Norwich, N. Y.

C henango C ounty.
ASSETS.
Loans on bond and m ortga ge................................................................
Loans on shares .........................................................................................
R eal estate ....................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtu res..............................................................................
Advances for taxes, insurance, etc.........................................................

85

$281,718
8, 353
10i, 314
2 ,5 17
1,065
60

84
00
07
54
92
51

$304,029 88
LIABILITIES.
Due shareholders, instalm ent shares.....................................................
Due shareholders, savings shares..........................................................
Due shareholders, income shares............................................................
Dividends credited .....................................................................................
Balance to be paid borrow ers on m ortgage loa n s...........................
Borrow ed m o n e y ...........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of B anking L a w ) ............

$170, 418
3 0 ,7 3 0
50, 470
38,654
728
7, 000
727
5 ,3 0 0

00
87
00
49
75
00
72
05

$304,029 88
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on savings shares...........................................................................
Dues on income shares..............................................................................
M oney borrowed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
Loans on shares re p a id ..............................................................................
Fees received ...............................................................................................
Fines received .............................................................................................
Interest received .........................................................................................
Rent r e c e iv e d ...............................................................................................
Advances repaid .........................................................................................
Reverted dividends .........................................
Pass books ....................................................................................................

$1,845
34,324
28, 964
8, 000
25, 900
43, 328
15,571
40
9
16, 885
497
15
604
17

10
00
97
00
00
98
00
00
26
64
12
00
41
75

$176,003 23
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid m atured shares ................................................................................
P aid savings s h a r e s ..................................................................................
P aid incom e s h a r e s ....................................................................................
Dividends paid on w ithdraw al, or applied on lo a n s......................
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P aid borrowed m oney and prior m ortga ges......................................
P aid interest on borrow ed money and prior m ortgages..............
P aid salaries and c le r k -h ir e ...................................................................
P aid advertising, printing and posta ge...........................................
Paid taxes, insurance, etc.......................................................................
Paid banking departm ent, exa m in a tion ...........................................
Paid banking departm ent, assessm ent.................................................
Advances for taxes, insurance, etc.........................................................
Interest on advance du es.........................................................................
Cash on hand December 31, 1913..........................................................




$45,657
9 ,785
17,369
25, 400
19, £81
20, 850
3 ,4 1 4

96
00
00
00
06
00
38

2, 085 02
26, 900 00
541 23
1, 131 24
232 67
280 60
42 00
24 85
33 60
157 08
2 ,5 1 7 54
$176,003 23

86

R eport

on

S ayings

and

L oan A ssociations.

Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 2,951; shares issued during the year, 425;
shares w ithdraw n during the year, 456; shares in force, 2,920i B orrow ing
members, 183, holding 1,514 shares; non-borrow ing members, 195, holding
1,400 shares. Female shareholders, 170, holding 957 shares. T otal dividends
credited members during the year on instalm ent shares, $11,732.41; rate, 5 %
per cent. r t a l dividends credited or paid in cash to members during the
lo
year on other shares, $3,020.05; rate, 4 per cent. Total dividends forfeited
by w ithdraw ing members during the year, $604.41.
N o unpaid w ithdrawals. A m ount of shares matured during the year,
$25,400. Entrance or membership fee, 50 cents. Operating expenses, as de­
fined in section 227 of the Banking Law, incurred and paid during the year,
$1,363.91. Unpaid, none.
N o prem ium plan. Interest paid by borrow ing members, 6 per cent. N o
prem ium charged.
Loans have been made in Chenango county, New Y ork State. Largest m ort­
gage loan outstanding, $4,000. M ortgages in force in New Y ork State,
$280,990.09. One foreclosure during the year.

C O L U M B IA C O U N T Y .
HUDSON SAVINGS AND LOAN ASSOCIATION.
N o. 346 W arren street, Hudson, N . Y .
[Organised under Law o f 1910.
Officers.
P resident .....................
Secretary ....................
Treasurer ...................
Attorney .....................

Commenced business 1911.]

Names.
Post-office addresses.
DELBERT D IN EH A R T.....................................
Hudson, N. Y.
E. C. VAN LOAN............................................... Hudson, N. Y.
L. R. T IL D E N ...................’.................................... Hudson, N. Y.
L. R. T IL D E N ........................................................ Hudson, N. Y.

ASSETS.
Loans on bond and m ortg a g e.................................................................
Cash on hand and in b a n k ....................................................................
S u n d r ie s ..........................................................................................................
S u p p lie s ..........................................................................................................

$20, 534
1,739
9
62

50
69
45
05

$22,345 69
LIA B IL IT IE S.
Due shareholders, instalm ent shares...................................................
Due shareholders, incom e shares..........................................................
D ividends credited .....................................................................................
Earnings u n d iv id e d ....................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............

$19,768
1,500
890
125
61

00
00
99
27
43

$22,345 69
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers............................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares rep a id ..............................................................................
Fees received ......................................................................................
Fines r e c e iv e d ...............................................................................................
In terest r e c e iv e d .........................................................................................
R everted dividends .....................................................................................




$ 1 ,2 4 9
11,547
3 ,917
700
206
107
14
958
5

19
00
55
00
91
80
13
01
04

$ 18,705 63

C olumbia C ounty.

87

DISBURSEM ENTS.
Loaned on m o r t g a g e ..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on withdraw al, or applied on l o a n s . . .
P aid m atured shares..................................................................................
Cash dividends paid on income and accum ulative prepaid
s h a r e s ..........................................................................................................
P aid borrowed money and prior m ortgages......................................
Paid interest on borrow ed money and prior m ortgages................
P aid salaries and c le r k -h ir e ...................................................................
Paid advertising, printing and p osta ge.............................................
P aid banking departm ent, exam ination ............................................
P aid banking department, a ssessm en t...............................................
Officers’ b o n d s ...........................................
Inspectors o f election ................................................................................
A u ditors ........................................................................................................
A ttorn ey’ s f e e s .............................................................................................
Cash on hand December 31, 1913..........................................................

$10, 934
205
1,546
24

50
00
00
34

60
3,917
16
100
110
17

00
55
05
OO
90
91
94
00
00
00
75
69

12
2

14
4
1,7 39

$18,705 63

Plan, serial. Par value .of shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 699; shares issued during the year, 409;
shares w ithdrawn during the year, 156; shares in force, 952. B orrow ing mem­
bers, 13, holding 148 shares; non-borrow ing members, 148, holding 804 shares.
Fejnale shareholders, 35, holding 202 shares. Total dividends credited mem­
bers during the year on instalm ent shares, $603.16; rate, 4 per cent. Total
dividends credited or paid in cash to members during the year on other shares,
$60; rate, 4 per cent. Total dividends forfeited by w ithdraw ing members dur­
ing the year, $5.04.
N o unpaid w ithdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses; as defined in section 22i7 o f the Banking Law, incurred
and paid during the year, $243.65. Unpaid, none.
N o premium plan. Interest paid by borrow in g members, 6 per cent. N o
premium charged.
Loans have been made in Columbia and, Dutchess county, New Y ork State.
Largest m ortgage loan outstanding, $3,000. M ortgages in force in New Y ork
State, $20,534.50. N o foreclosures during the year.

STU YVE SAN T FALLS BUILDING AND LOAN ASSOCIATION.
Stuyvesant Falls, N. Y.
[Organized under Law of 1851.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1881.]

Names.
JAMES R. H U G H ES..............................
M. J. DUNHAM ......................................
WILLTAM CULLEN ...........................
FRANK S. BECK ER ..............................

Post-office addresses.
Stuyvesant F alls, N. Y.
Stuyvesant F alls, N. Y.
Stuyvesant F alls. N. Y.
Kinderhook,
N. Y.

ASSETS.
Loans on bonds and m ortga ge................................................................
Loans on shares...........................................................................................
Cash on hand and in b a n k .......................................................................




$8, 925 00
71000
1, 897 42

$11,532 42

88

R eport

on

S avings

and

L oan A ssociations.

LIA BILITIES.
Due shareholders, instalm ent shares...................................................
D ividends credited .....................................................................................
Earnings u n d iv id e d ....................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............

$9, 314 00
1, 952 94
2 53
262 95
$11,532 42

RECEIPTS.
Cash on hand January 1 ,1 9 1 3 ..............................................................
Dues on instalment shares credited to m em bers.............................
M ortgages redeemed,foreclosed or transferred to real e s ta te ..
Loans oft shares rep a id ............................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
Interest received .........................................................................................

$580
2, 649
1,100
1,288
4
9
.583

07
82
00
00
00
90
11

$6,214 90
DISBURSEM ENTS.
Loaned on m o r t g a g e ...................................................................................
Loaned on shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loans. . .
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P aid salaries and clerk-h ire...................................................................
P aid advertising, printing and p osta g e ............................................
P a id banking departm ent, exa m in a tion .............................................
P aid banking department, assessm ent.................................................
Cash on hand December 31, 1913........................................................

$ 1 ,0 0 0
600
2 ,2 7 5
369
53
6
11

00
00
82
26
00
62
90
88
1,897 42

$6,214 90
Plan, serial. . P ar value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1913, 2 07; shares issued during the year, 4 5 ;
shares w ithdraw n during the year, 4 4 ; shares in force, 208. B orrow in g mem­
bers, 15, holding 85 shares; non-borrow ing members, 26, holding 123 shares.
Fem ale shareholders, 9, holding 51 shares. T ota l dividends credited members
during the year on instalm ent shares, $512.27; rate, 5% per cent. T otal div i­
dends forfeited by w ith draw in g members during the year, $4.68.
N o unpaid w ithdraw als. Entrance or membership fee, $1. Operating ex­
penses, as defined in section 227 of the Banking Law , incurred and paid during
the year, $59.62. Unpaid, none.
N o premium plan. Interest paid by borrow ing members, 6 per cent. N o
premium charged.
Loans have been made in Colum bia and Rensselaer counties, New Y ork State.
I argest m ortgage loan outstanding, $1,800. M ortgages in force in New Y ork
State, $8,925. N o foreclosures during the year.

C O R T L A N D COUNTY.
CENTURY CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
E ast M ain street, M arathon, N. Y .
[Organized under Law o f 1894.

Commenced business 1895.]

Officers.
Names.
Post-office addresses.
P r e s id e n t ...................
FRED H. S W IF T .................................................
M arathon, N. Y.
Secretary .................... A. C. B A K E R ........................................................
M arathon, N. Y.
T r e a s u r e r ....................... E. L. COURTNEY................................................. M arathon, N. Y.




C ortland County.
ASSETS.
Loans on bond and m ortga ge................................................................
Loans on shares...........................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtu res.............................................................................

89

$20,925
619
1,412
11

00
00
19
20

$22,967 39
LIA BILITIES.
Due shareholders, instalment shares.....................................................
Dividends c r e d ite d ......................................................................................
Borrow ed m o n e y .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ................

$18,581
2, 564
1,250'
226
344

42
61
00
64
72

$22,967 39
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalment shares credited to m em bers.............................
M oney b o r r o w e d ..........................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares rep a id .........................................................................
Fees received ........................
Fines received .............................................................................................
Interest r e c e iv e d .........................................................................................
Reverted dividends ....................................................................................
A ttorn ey’s f e e s .............................................................................................
M ortgage ta x refun ded..............................................................................

$455
4 ,7 44
1, 350
3, 500
245
26
8
1,182
4
2
7

10
21
00
00
00
00
50
01
38
95
38

$11,525 53
DISBURSEM ENTS.
Loaned on m ortga ge.....................................................................................
Loaned on shares .......................................................................................
Instalm ent dues repaid on withdraw al, or applied on loans. . .
Paid matured shares ................................................................................
Dividends paid on withdraw al, or applied on loa n s.....................
P aid borrow ed money and prior m ortga ges......................................
P aid interest on borrowed money and prior m ortga ges................
P aid salaries and clerk -h ire.....................................................................
Paid advertising, printing and p osta ge...............................................
Paid banking department, exam ination ...............................................
P aid banking department, assessm ent.................................................
Safe deposit b o x ...........................................................................................
A ttorney’ s f e e s .............................................................................................
M ortgage t a x ...............................................................................................
Cash on hand December 31, 1913..........................................................

$4, 400 00
775 00
579 75
2 ,6 12 71
51 94
1 ,3 50 00
122 77
150 00
15 48
’ 3 17
17 67
.2 00
10 85
22 00
1,412 19
$11,525 53

Plan, permanent. P ar value of shares, $100. Instalm ents are 50 cents and
$1 m onthly.
Shares in force January 1, 1913, 519; shares issued during the year, 109;
shares withdrawn during the year, 5 2 ; shares in force, 576. B orrow ing members, 21, holding 226 shares: non-borrow ing members, 59, holding 350 shares.
Female shareholders, 25, holding 108 shares. Total dividends credited mem­
bers during the year on instalm ent shares, $910.84; rate, 6 ^ per cent. Total
dividends forfeited by w ithdraw ing members during the year, $4.38.
N o unpaid withdraw als. A m ount o f shares m atured durin g the year, $2,612.71. Entrance or membership fee, 25 cents per share. Operating expenses,




90

R eport

on

S avings

and

L oan A ssociations.

as defined in section 227 of the Banking Law , incurred and paid during the
year, $200.33. Unpaid, none.
N o premium plan. Interest paid by borrow ing members, 6 per cent. N o
prem ium charged.
Loans have been made in Broom e and C ortland counties, N ew Y ork State.
Largest m ortgage loan outstanding, $2,200. M ortgages in force in New Y ork
State, $20,925. N o foreclosures during the year.

DIME SAVINGS AND LOAN ASSOCIATION.
N o. 56 M ain street, Cortland, N . Y .
[Organized under Law of 1910.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1911.]

Names.
Post-office addresses.
FREDERICK B. NO URSE..............................
Cortland, N. Y.
W. A. STOCK W ELL........................................... Cortland, N. Y.
FRANK J. PECK ............................................... Cortland, N. Y.
CHAMPLIN & BUC K ........................................ Cortland, N. Y.

ASSETS.
Loans on bond and m ortg a g e ................................................................
Loans on shares .......................................................................................
Cash on hand and in b a n k .....................................................................
Interest, premium, fees and fines due and u n p a id .........................

$19,825
1,000
1,234
20

00
50
16
22

$22,079 88
LIA B IL IT IE S.
Due shareholders, instalm ent shares.................................................
D ue shareholders, income sh a res......... •
.............................................
D ividends credited ................: ................................................................
Borrow ed money .......................................................................................
Earnings undivided ................................................................... .............
Contingent fund (as per section 225 o f B anking L a w ) .........

$13,957
6 ,0 47
509
1,000
520
44

52
52
36
00
87
61

$22,079 88
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.........................
Dues on income shares............................................................................
M oney b o r r o w e d ..........................................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid ..........................................................................
Fees r e c e iv e d ...............................................................................................
In terest received .....................................................................................
Prem ium received .....................................................................................
R everted dividends ..................................................................................

$591
7,381
4 ,847
1 ,750
1,400
25
29
863
259
18

00
92
52
00
00
00
80
77
13
94

$17,167 08
DISBURSEM ENTS.
Loaned on mortgage ..............................................................................
Loaned on shares ......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loans.
P aid income shares ................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ..................
Cash dividends' paid on income and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortga ges....................................




$9,975
475
1,314
2 ,9 0 0
47

00
50
50
00
54

220 32
750 00

91

D elaware County.
P aid interest on borrowed money and prior m ortgages.............
P aid salaries and clerk-h ire..................................................................
P aid advertising, printing and posta ge..........................................
P aid rent .....................................................................................................
P aid banking department, exam ination ..........................................
P aid banking department, assessm ent............................................
Officers’ bonds ..........................................................................................
State League dues ..................................................................................
Cash on hand December 31, 1913.......................................................

$52 92
70 25
1921
72 00
17 68
1 00
12 00
5 00
1,234 16
$17,167 08

Plan, permanent. P ar value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force January 1, 1913, 1,655; shares issued during the year,
298; shares w ithdraw n during the year, 290; shares in force, 1,663. B or­
row ing members, 21, holding 464 shares; non-borrow ing members, 126,
holding 1,199 shares. Fem ale shareholders, 42, holding 250 shares. T ota l
dividends credited members during the year on instalm ent shares, $461.81;
rate, 6 per cent. T ota l dividends credited or paid in cash to members during
the year on other shares, $220.32; rate, 4 8 /10 per cent. T ota l dividends
forfeited by w ithdraw ing members during the year, $18.94.
N o unpaid w ithdraw als. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 o f the Banking Law, incurred
and paid during the year, $178.46. Unpaid, none.
Prem ium plan, premium-interest. Interest paid by borrow ing members,
10 cents per week per share. Prem ium paid by b orrow in g members, 3 cents
per week per share.
Loans have been made in Cortland county, New Y ork State. L argest m ort­
gage loan outstanding, $3,600. M ortgages in force in New Y ork State, $19,825. N o foreclosures during the year.

D E L A W A R E COUNTY.
THE W ALTON CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
D elaware street, W alton, N. Y .
[Organized under Law of 1894.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1907.]

Names.
Post-office addresses
F. R. DARLING ..................................................... Walton, N. Y.
BLANCHE L. YEN D ES....................................... Walton, N. Y.
TRUMAN TOBEY................................................. Walton, N. Y.
A. G. PATTERSON..............................................
Walton, N. Y.

ASSETS.
Loans on bond and m ortga ge................................................................
Loans on shares ......................................................................................
Cash on hand and in b a n k .....................................................................

$14,700 00
78 40
729 43
$15,507 83

LIABILITIES.
Due shareholders, instalm ent shares.................................................
Due shareholders, incom e shares..........................................................
Dividends credited .................................................................................
P rior mortgages ............................................................ ..........................
Borrow ed m oney ......................................................................................




$9,102
1,600
836
563
2, 730

00
00
99
75
26

92

R eport

E arnings undivided
Contingent fund (as
A ccrued interest on
A ccrued interest on

on

S ayings

and

L oan A ssociations.

.................................................................................
per section 225 o f B anking L a w ) ..............
p rior m ortga ge....................................................
other loa n s..........................................................

$504
118
19
32

96
55
25
07

$15,507 83
RECEIPTS.
Cash on hand January 1, 1913...........................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on income shares ..........................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
Loans on shares re p a id ............................................................................
Fees received ..............................................................................................
Fines received ...........................................................................................
In terest received .......................................................................................
Advances repaid .......................................................................................
Over in cash ..............................................................................................

$68
2 ,6 19
1 ,2 0 0
5 ,6 81
100
210
15
4
738
32
3

64
00
00
64
00
00
50
59
35
00
10

$10,672 82
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Loaned on shares .....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loa n s. .
D ividends paid on w ithdraw al, or applied on loa n s.....................
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P aid borrow ed money and prior m ortga ges....................................
P aid interest on borrow ed money and prior m ortga ges................
P aid salaries and clerk-h ire...................................................
P aid advertising, prin tin g and p osta ge...........................................
P aid taxes, insurance, e t c .....................................................................
P aid banking departm ent, exam ination ........................................
P aid banking departm ent, assessm ent..............................................
Express ...........................................................................................................
Cash on hand December 31, 1913........................................................

$4,436
220
395
28

25
00
09
25

16 00
4,601 38
138 07
25 00
34 57
32 02
1521
80
75
729 43
$10,672 82

Plan,
permanent. P ar value of shares, $200. Instalm ents are $1
m onthly.
Shares in force January 1, 1913, 187; shares issued during the year, 6 2 ;
shares w ithdraw n during the year, 12; shares in force, 237. B orrow in g
members, 15, holding 75 sh a res; non-borrow ing members, 32, holding 162
shares.
Female shareholders, 12, holdin g 65 shares. T ota l dividends
credited members during the year on instalm ent shares, $451; rate, 5 % per
cent. T otal dividends credited or paid in cash to members during the year
on other shares, $16; rate, 4 per cent. T otal dividends forfeited by w ith ­
draw ing members during the year, $1.99.
N o unpaid w ithdraw als. Entrance or membership fee, 25 cents. O perat­
ing expenses, as defined in section 227 o f the Banking Law, incurred and paid
during the year, $60.32. U npaid, none.
Prem ium plan, gross. Interest paid by borrow in g members, 6 per cent.
N o prem ium charged.
Loans have been made in Delaware county, New Y ork State. Largest
m ortgage loan outstanding, $1,800. M ortgages in force in New Y ork State,
$14,700. N o foreclosures during the year.




D utchess C ounty.

93

D U TC H E SS C O U N TY .
HOME CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
N o. 47 M arket street, Poughkeepsie, N. Y .
[Organized under Law of 1887.
Officers.
P r e s id e n t.....................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1888.
Law of 1894.]

Names.
GEORGE W. K RIEG ER..........................
JOHN B. ROBINSON...............................
GUILFORD DUDLEY ................... ..
JOHN J. MYLOD........................................

Reorganized under
Post-office addresses.
Poughkeepsie, N . Y.
Poughkeepsie, N. Y.
Poughkeepsie, N. Y.
Poughkeepsie, N. Y.

ASSETS.
Loans on bond and m ortga ge..............................................................
Loans on shares.........................................................................................
Real estate ................................................................................................
Cash on hand and' in b a n k .....................................................................
Furniture and fixtures .........................................................................
Instalm ents due and u n p a id ................................................................
Interest, premium, fees and fines due and unpaid
$262 43

$531,200
2 4 ,75 0
2 ,0 6 5
479
385
1,176

00
00
62
11
87
80

$560,957 40
LIA B IL IT IE S.
Due shareholders, instalm ent shares...............................................
Due shareholders, income shares ........................................................
Dividends credited ..................................................................................
Borrow ed money ......................................................................................
Earnings undivided ................................................................................
Contingent fund (as per section 225 of Banking L a w ) ...........
Dues paid in advance..............................................................................
Repairs to real esta te..............................................................................
Interest advanced ....................................................................................

$440,970
10, 000
90,842
800
7,7 10
.1 0 ,1 2 3
444
50
16

00
00
52
00
21
45
72
00
50

$560,957 40
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalment shares credited to m em bers...........................
Dues on income shares ...........................................................................
M oney borrow ed ........................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid .........................................................................
Fees received .............................................................................................
Fines received ............................................................................................
Interest received .......................................................................................
Rent r e c e iv e d ...............................................................................................
Reverted dividends ..................................................................................
Rebate on ligh t b ill..................................................................................
A ttorn ey’s fees repaid ...........................................................................
Cash difference ..........................................................................................

$10,545 00
104,437 01
6. 200 00
28, 000 00
50, 200 00
12,250 00
388 50
271 89
32, 853 20
327 50
647 27
22 76
591 45
7 33
$246,741 91

DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Loaned on shares ......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..




$79,050 00
11,250 00
33, 446 25

94

R eport

on

S avings

and

L oan A ssociations.

P a id m atured shares ..............................................................................
P a id incom e shares ...................................................
D ividends paid on w ithdraw al, or applied on lo a n s .......................
Cash dividends paid on incom e and accum ulative prepaid
shares ..........................................................................................................
P a id borrowed money and prior m ortga ges......................................
P aid interest on borrow ed
money and p rior m ortgages............
P a id salaries and clerk -h ire.................................................................
P a id advertising, prin tin g and p osta ge.............................................
P a id r e n t .......................................................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking department, assessm ent.................................................
Officers’ bonds ............................................................................................
State League dues ....................................................................................
F u rn itu re and fixtures ...........................................................................
Lights .............................................................................................................
L ivery .............................................................................................................
In terest refunded ......................................................................................
J a n i t o r ............................................................................................................
R epairs to office.........................................................................................
S t a t io n e r y ......................................................................................................
A ttorn ey's fees ...........................................................................................
Cash difference ...........................................................................................
Cash on hand December 31, 1913........................................................

$45,527 17
900 00
4 ,6 1 4 15
404
6 7 ,2 0 0
1,249
1,125
254
300
57
44
22
9
51
41
20
5

3
52
18
591
24
479

41
00
13
00
00
00
89
36
50
00
50
57
50
00
25
31
37
45
99
11

$246,741 91

Plan, serial. P ar value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 8,229; shares issued during the year,
1,535; shares w ithdraw n during the year, 1,322; shares in iorce, 8,442.
B orrow in g members, 357, holding 3,323 shares; non-borrow ing members,
933, holding 5,119 shares. Fem ale shareholders, 543, holding 3,903 shares.
T otal dividends credited members du rin g the year on instalm ent shares,
$26,954.32; rate, 5 % per cent. T ota l dividends credited or paid in cash to
members during the year on oth er shares, $404.41; rate, 4^4 per cent. Total
dividends forfeited b y w ith draw in g members during the year, $647.27.
N o unpaid w ithdraw als. A m oun t o f shares matured during the year,
$45,527.17. Entrance or membership fee, 25 cents per share. O perating ex­
penses, as defined in section 227 o f th e B anking Law , incurred and paid dur­
ing the year, $1,915.09. Unpaid, none.
Prem ium plan, gross. Interest paid b y borrow in g members, 6 per cent.
N o prem ium charged.
Loans have been made in Dutchess and Putnam counties, New Y ork
State. Largest m ortgage loan outstanding, $6,500. M ortgages in force in
New Y ork State, $531,200. N o foreclosures during the year.

E R IE C O U N T Y .
AET N A PERMANENT SAVINGS AND LOAN ASSOCIATION.
N o. 77 Seventeenth street, Buffalo, N. Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t ...................
Secretary ....................
Treasurer ...................
Attorney .....................




Commenced business 1889.]

Names.
Post-office addresses.
FRVINE D O D D ...................................... 340
Franklin Street.
WTLLI.AM E. SHTFFERENS.......... 14 Seventeenth Street.
CONRAD K A ISE R ................................. 371 Vermont Street.
GEORGE B. B U R D ............................... 26
Erie Co. Bk. Bldg.

E rie C ounty.
ASSETS?.
Loans on bond and m ortga ge................................................................
Loans on s h a r e s ............................. ...........................................................
Real estate ...................................................................................................
Cash on hand and in bank ...................................................................
Furniture and fixtures .........................................................................

95

$62,440
5 ,5 2 0
721
13, 200
260

00
00
47
24
39

$82,142 10
LIA BILITIES.
Due shareholders, instalm ent shares.................................................
D ividends credited.......................................................................................
Earnings undivided ................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ...........
Unearned o r rebatable prem iu m ........................................................

$68, 037 10
8, 488 90
968 95
3 ,1 8 0 00
1,467 15
$82,142 10

RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalment shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares repaid .........................................................................
Fees received .............................................................................................
Fines received................................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium received........................................................................................
Reverted dividends ..................................................................................

$23,273 31
32, 766 25
5 ,9 9 0 00
240 00
117 75
30
4, 220 84
1,077 15
453 10
$68,138 70

DISBURSEMENTS.
Loaned on m ortgage ..............................................................................
Loaned on shares ....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid m atured shares ..............................................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
P aid salaries and clerk-hire ................................................................
Paid advertising, prin tin g and p osta ge..........................................
Paid taxes, insurance, e t c .....................................................................
Paid banking department, exam ination ...............................................
Paid banking department, assessm ent..............................................
Office furniture ...........................................................................................
Cash on hand December 31, 1913.........................................................

$19,080
3 ,600
17,445
12, 890
1,014
711
73
,19
13
6
85
13,200

00
00
25
00
10
50
50
53
50
08
00
24

$68,138 70

Plan, serial.
P ar value o f shares, $130.
Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 2,435; shares issued durin g the year,
467; shares w ithdrawn during the year, 432; shares in force, 2,470. B or­
row ing members, 26, holding 400 shares; non-borrow ing members, 290, holding
2,070 shares.
Fem ale shareholders, 135, holding 789 shares. T ota l div i­
dends credited members during tbe year on instalment shares, $3,990.55; rate,
7 per cent. Total dividends forfeited by w ithdraw ing members during the
year, $453.10.
N o unpaid withdraw als.
A m ount o f shares m atured during the year,
$12,890. Entrance or membership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 o f the Banking Law , incurred and paid
during the year, $785. Unpaid, none.




96

R eport

on

S ayings

and

L oan A ssociations.

Prem ium plan, gross. Interest paid by borrow ing members, 15 cents per
share. Prem ium paid by borrow in g members, $10 per share.
Loans have been made in E rie county, New Y ork State. Largest m ortgage
loan outstanding, $4,680. M ortgages in force in New Y ork State, $62,440.
N o foreclosures during the year.

BLACK ROCK MUTUAL HOME AND SAVINGS ASSOCIATION.
No. 52 Am herst street, Buffalo, N. Y .
[Organized under Law of 1851.
Officers.
P resident ....................
Secretary ....................
Treasurer ...................
A ttorney .....................

Commenced business 1890.]

Names.
JOHN BLUST ........................................
LOUIS G. F E T E S ....................................
AUGUST ROTH ....................................
JAMES P. SC H A U S...............................

Post-office addresses
205 E ast Street.
52
Am herst Street.
414 Dearborn Street.
213 M utual Life Bldg.

ASSETS.
Loans on bond and m ortg a g e.................................................................
R eal estate ....................................................................................................
Cash on hand and in b a n k .......................................................................

$239,334 50
13,629 51
19,520 14
$272,484 15

LIA BILITIES.
Due shareholders, instalm ent shares...................................................
D ividends credited .....................................................................................
Earnings undivided ...................................................................................
Contingent fund ( as per section 225 o f Banking L a w ) .............

$232, 408
2 7,611
3 ,7 78
8, 685

20
97
58
40

$272,484 15
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real estate. .
Real estate so ld ............................................................................................
Fees received ................................................................................................
In terest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................
R ent received .............
Advances repaid .........................................................................................

$30,170
258,507
34,919
825
1> 120
13,181
3, 289
826
175

26
79
41
00
50
87
44
00
00

$343,015 27
DISBURSEM ENTS.
Loaned on m ortga ge...................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
D ividends paid on w ithdraw al, or applied on lo a n s....................
P aid for real esta te..................................................................................
P aid salaries and clerk-h ire...................................................................
P aid advertising, printing and p osta ge.............................................
P a id rent ......................................................................................................
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, e t c . . ...................................................................
P aid banking departm ent, exam ination .............................................
P aid banking departm ent, assessm ent...............................................
Officers’ bonds and legal service............................................................
Telephone .......................................................................................................
Office expenses ............................................................................................
E lectric lights ..............................................................................................




$75,095
231,260
7 ,4 77
3 ,373
2 ,7 8 8
270
25
1,425
520
33
19
138
44
268
29

00
15
61
24
25
93
00
66
15
00
30
00
34
31
85

E rie C ounty.

97

Gas .................................................................................................................
Foreclosure .................................................................................................
Coal .................................................................................................................
T ax searches ...............................................................................................
Com mission on sale of real esta te.......................................................
M ortgage t a x .........................................................................................: . .
Cash on hand December 31, 1913.......................................................

$20
232
60
20
32
360
19,520

10
69
70
00
85
00
14

$343,015 27
Plan, permanent. P ar value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 11,064; shares issued during the year,
4,476; shares w ithdraw n during the year, 4,264; shares in force, 11,276. B or­
row ing members, 131, holding 1,318 shares; non-borrow ing members, 1,628,
holding 9,958 shares. Fem ale shareholders, 492, holding 2,682 shares. Total
dividends credited members during the year on instalm ent shares, $12,213.69;
rate, 5 per cent.
N o unpaid withdraw als. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 o f the Banking Law, incurred
and paid1during the year, $3,645.48. Unpaid, none.
Prem ium plan, instalment. Interest paid b y borrow ing members, 6 per
cent. Prem ium paid by borrow ing members, 5 cents per share.
Loans have been made in E rie county, New Y ork State. Largest m ortgage
loan outstanding, $9,000. M ortgages in force in New Y ork State, $239,334.50.
One foreclosure during the year.

CARLTON STREET PERMANENT SAYINGS AND AID ASSOCIATION.
No. 306 Carlton street, Buffalo, N. Y.
[Organized under Law of 1851.

Commenced business 1880.1

Officers.
P r e s id e n t ...................
Secretary ....................

Names.
CHARLES D E T H L O F F ...............
JOHN A. GLUNZ............................

Post-office addresses.
55 Berlin Street.
39 Peach Street.

Attorney .....................

LOUIS BRAUNLEIN ...................

14 German Ins. Co. Bldg.

Treasurer ..................

W ILLIA M S C H M I D T ..............

.

306 Carlton Street.

ASSETS
Loans on bond and m ortga ge.........................
Cash on hand and in b a n k .............................
Furniture and fixtu res......................................

$23,125 00
6,879 40
50 00
$30,054 40

LIABILITIES.
D ue shareholders, instalm ent shares...................................................
D ividends credited ........................................ : .........................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............

$26,845
2 ,0 87
559
561

00
72
90
78

$30,054 40
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
Fees received ....................................................... '......................................
Interest received ........................................................................................

$881
29, 397
3,175
149
1,508

71
50
00
25
22

$ 3 5 .I l l 68

4




98

R eport

on

S avings

and

L oan A ssociations.

DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P a id matured shares..................................................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
P a id salaries and clerk -h ire.....................................................................
P aid advertising, printing and p o s ta g e .. . . ' ......................................
P aid rent ......................................................................................................
P a id banking departm ent, exa m in a tion ......... ...................................
P aid banking department, assessm ent...............................................
Officers’ bonds ..............................................................................................
Cash on hand December 31, 1913........................................................

$1, 200 00
24, 806 50
815 87
942 05
354 50
65 72
20 00
13 50
214
12 00
6,879 40
$ 3 5 ,111 68

Plan, permanent. P ar value of shares, $100. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 2,325; shares issued during the year, 597;
shares w ithdrawn during the year, 217; shares in force, 2,705. B orrow ing
members, 22, holding 371 shares; non-borrow ing members, 329, holding 2,334
shares.
Female shareholders, 206, holding 1,490 shares.
Total dividends
credited members during the year on instalm ent shares, $1,172.15. Rate, 4
per cent. Total dividends forfeited by w ithdraw ing members during the year,
$15.26.
N o unpaid w ithdraw als. A m ount of shares matured during the year, $800.
Entrance or membership fee, 25 cents per share. Operating expenses, as
defined in section 227 o f the Banking Law, incurred and paid during the
year, $452.22. Unpaid, none.
Prem ium plan, gross. Interest paid by borrow ing members, 12 cents per
share per week. N o premium charged.
Loans have been made in Erie county, New Y ork State. Largest m ortgage
loan outstanding, $2,000. M ortgages in force in New Y ork State, $23,125.
N o foreclosures during the year.

CLINTON MUTUAL SAVINGS AND LOAN ASSOCIATION.
No. 379 W illiam street, Buffalo, N. Y.
[Organized under Law o f 1851.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
A t to r n e y s .....................

Commenced business 1878.]

Names.
FREDERICK ORAMLICH...............
CHARLES KLING ............................
CHARLES KLING ............................
STEIN & BA R BER ...............................

Post-office addresses.
596 Clinton Street.
37 Laurel Street.
37 Laurel Street.
410 Brisbane Building.

ASSETS.
Loans on bond and m ortg a g e.................................................................
Contracts for the sale o f real esta te...................................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................
Advances for taxes, insurance, e t c ........................................................

$412,914
8, 171
28 ,75 0
20 ,85 4
916

88
17
36
60
86

$471,607 87
L IA B IL IT IE S .

Due shareholders, instalm ent shares...................................................
D ividends credited .....................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ...........




$390, 293
34. 079
30.740
16,495

50
25
09
03

$471,607 87

E rie C ounty.

99

RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.........................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
R eal estate s o ld ...........................................................................................
Fees received ...............................................................................................
Interest received .........................................................................................
Rent r e c e iv e d ...............................................................................................
Advances repaid ..................................................
Reverted d iv id e n d s ............................... .'..................................................
P rofit on sale o f real esta te.....................................................................
Sale o f o ld gas stoves................................................................................
Real estate con tra cts..................................................................................

$25,344
234,298
6 8,083
5 ,4 86
1, 461
23, 651
1,199
211
1,582
19
5
1,944

05
25
18
39
50
23
50
72
59
71
00
58

$363,287 70
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Instalm ent dues repaid on w ithdraw al, o r applied on lo a n s ..
P aid m atured shares..................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s....................
P a id fo r real esta te....................................................................................
P aid salaries and clerk -h ire.....................................................................
P a id advertising, printing and p osta ge...............................................
P a id repairs to real esta te.....................................................................
P aid taxes, insurance, e t c .......................................................................
P aid banking department, exam ination ...............................................
P a id banking department, a s s e s s m e n t ..!........................................
Advances fo r taxes, insurance, e tc ........................................................
Loss on sale o f real esta te.....................................................................
Foreclosure costs, e tc ..................................................................................
R eal estate com m issions...........................................................................
Taxes and interest charged to real estate con tract a cco u n t____
Cash on hand December 31, 1913..........................................................

$97,110
186,582
30,514
9 ,1 3 4
10,883
3 ,247
930
796
1,111
65
35
232
816
593
48
330
20 ,85 4

00
50
86
29
52
00
05
44
90
50
77
24
10
97
50
46
60

$363,287 70
Plan, permanent. P ar value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1913, 17,675; shares issued during the year,
15,945; shares w ithdraw n during the year, 14,953; shares in force, 18,667.
B orrow ing members, 186, holding 1,850 shares; non-borrow ing members, 2,853,
holding 16,817 shares.
Fem ale shareholders, 1,863, holding 9,757 shares.
T otal dividends credited members during the year on instalm ent shares,
$16,629.41; rate, 5 per cent. T otal dividends forfeited by w ithdraw ing mem
bers during the year, $1,582.59.
N o unpaid w ithdraw als.
A m ount o f shares matured durin g the year,
$30,514.86. Entrance or membership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 of the B anking Law, incurred and paid dur­
ing the year, $4,177.05. Unpaid, none.
N o premium plan. Interest paid by 'borrowing members, 6 per cent. No
premium charged.
Loans have been made in E rie county, New Y ork State. Largest m ortgage
loan outstanding, $5,000. M ortgages in force in New Y ork State, $412,914,88.
Four foreclosures during the year.




100

R eport

on

S ayings

and

L oan A ssociations.

CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION OF HAMBURG.
M ain street, H am burg, N. Y.
[Organized under Law of 1913.
Officers.
P r e s id e n t...................
S e c r e ta r y ..................
T r e a su r e r ..................
A t to r n e y ....................

Commenced Business 1913.]

Names.
Post-office addresses.
SMITH F. COLVIN.............................................
Hamburg, N. Y.
HENRY R. STRATEM EIER............................. Hamburg, N. Y.
REUBEN F. KNOCHE......................................
Hamburg, N. Y.
ALBERT L. STRATEM EIER........................... Hamburg, N. Y.

ASSETS.
Loans on bond and m ortg a g e.................................................................
Loans on shares .........................................................................................
Cash on hand and in b a n k .....................................................................

$ 6 ,30 0 00
140 00
230 40
$6, 670 40

LIA BILITIES.
D ue shareholders, instalm ent sh a res...................................................
D ue shareholders, income shares............................................................
Borrow ed money .........................................................................................
Earnings undivided ...................................................................................
C ontingent fund (a s per section 225 o f Banking L a w ) ................
Pass books, printing, e t c .................................
Salaries ..........................................................................................................

$6,077
100
300
58
9
62
62

50
00
00
31
65
44
50

$ 6,670 40
RECEIPTS.
Dues on instalm ent shares credited to m em bers.............................
Dues on income shares..............................................................................
M oney borrowed .........................................................................................
Fees received ................................................................................................
Interest received .........................................................................................
Prem ium received .......................................................................................

$6 ,50 8
100
2, 300
281
57
12

00
00
00
00
95
32

$9,259 27
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares........................................ ................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P a id borrow ed money and prior m ortga ges.....................................•
.
P a id interest on borrow ed m oney and prior m ortga ges.
P aid advertising, printing and p osta ge......................
148
Cash on hand December 31, 1913..........................................................

$ 6,300 00
140 00
430 50
2 ,0 0 0 00
10
36
01
230 40
$9 ,25 9 27

Plan, permanent. P ar value o f shares, $125. Instalm ents are 25 cents
weekly.
Shares issued du rin g the year, 1,123; shares w ithdraw n during the year,
106; shares in force, 1,017. B orrow ing members, 8, holding 60 shares; non­
b orrow in g members, 172, holding 957 shares. Female shareholders, 54, holding
187 shares.
N o unpaid w ithdraw als. Entrance or membership fee, 25 cents per share.
O perating expenses, as defined in section 227 o f the Banking Law, incurred
and paid during the year, $148.01. Operating expenses, as defined in section
227 o f the Banking Law, incurred during the year and rem aining unpaid,
$124.94.




E rie County.

101

Prem ium plan, premium interest. Interest paid by borrow ing members, 6
per cent. Prem ium paid by borrow ing members, 4 cents per share.
Loans have been made in E rie county, New Y ork State. Largest m ortgage
loan outstanding, $3,500. M ortgages in force in New Y ork State, $6,300. N o
foreclosures during the year.

D EPEW CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
Depew, N. Y .
[Organized under Law of 1894.
Officers.
P r e s id e n t ...................
Secretary ....................
Treasurer ...................
A ttorney .....................

J.
H.
J.
S.

Names.
FRED PETTYS
A. SHO RT-----O. GOULD. . . .
JAY O H A R T ..

Commenced business 1895.]
Post-office addresses.
............................................ Depew, N. Y.
............................................ Depew, N. Y.
............................................ Depew, N. Y.
............................................
Depew, N. Y.

ASSETS.
Loans on bond and m ortga ge............................................................
Cash on hand and in b a n k .....................................................................

$ 58,400 00
19,545 77
$77,945 77

LIABILITIES.
Due shareholders, instalm ent shares...............................................
Dividends credited.......................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ...........

$69,918
6, 119
911
996

94
10
20
53

$77,945 77
RECEIPTS.
Cash on hand January 1, 1913.......................................................
Dues on instalment shares credited to m em bers.........................
M ortgages redeemed, foreclosed or transferred to real estate. .
Real estate sold ......................................................................................
Fees received ..................................................................................i . . . .
Interest received ......................................................................................

$35,268
52,589
7 ,6 00
750
27
3 ,885

96
31
00
00
00
15

$100,120 42
DISBURSEMENTS.
Loaned on mortgage ..............................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loans. .
Dividends paid on w ithdraw al, or applied on lo a n s ................
Paid salaries and clerk-hire ................................................................
Paid advertising, printing and p osta ge..........................................
P aid banking department, exam ination ..........................................
P aid banking department, assessm ent............................................
Com m issions...................................................................................................
A ttorney fees................................................................................................
Cash on hand December 31, 1913..........................................................

$35,100
42', 388
2 ,2 68
413
36
20
5
337
6
19,545

00
45
13
00
41
25
41
00
00
77

$100,120 42

Plan, permanent. P a r value o f shares, $100. Instalm ents are 16%
and 25 cents weekly.
Shares in force January 1, 1913, 1,917; shares issued durin g the
524; shares w ithdraw n during the year, 272; shares in force, 2,169.
row ing members, 50, h oldin g 562 shares; non-borrow ing members, 224,




cents
year,
B or­
hold­

1 02

R eport

on

S avings

and

L oan A ssociations.

ing 1,607 shares. Female shareholders, 28, holding 306 shares. T otal div­
idends credited members during the year on instalm ent shares, $2,792.77;
rate, 8 per cent.
N o unpaid w ithdraw als. Entrance or membership fee, 25 cents. Operating
expenses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $792.41. Unpaid, none.
Prem ium plan, premium interest. Interest paid by borrow ing members, 6
per cent. Premium pa id b y borrow in g members, 2 per cent.
Loans have been made in E rie county, New Y ork State. Largest' m ortgage
loan outstanding, $2,500. M ortgages in force in New Y ork State, $58,400.
N o foreclosures during the year.

EAST BUFFALO SAYINGS AND LOAN ASSOCIATION.
No. 1156 L ov ejoy street, Buffalo, N. Y .

[Organized under Law of 1910.

Commenced business 1913.]

Officers.
P r e s id e n t .....................
S e c r e ta r y ...................
T r e a su r e r ..................
A t to r n e y ....................

Names.
FREDOLIN THOMA.....................
CHARLES KLOCKE ..............
FREDERICK F I S H E R ..............
GEORGE S. GROBE................

C ash o n h an d an d

ASSETS.
in b a n k .............................................. ....................

Post-office addresses
1072 Lovejoy Street.
Hr.n Ijovejoy Street.
20 Day’s Park.
809 Chamber of Commerce.

$1, 724 07

LIA B IL IT IE S.
D u e sh a reh o ld ers, in sta lm e n t s h a r e s ............................
E a r n in g s u n d iv id ed .................................................................. ....................

61 57
$ 1,724 07

R EC EIPTS.
D u e s on in sta lm e n t sh a re s cred ited t o m em b er s. . ....................
F ees received .............................................................................. ....................

$1,806 75
114 00
$1, 920 75

DISBURSEM ENTS.
Instalm ent dues repaid on w ithdraw al, or applied on loans.
P aid advertising, prin tin g and p osta g e...........................................
Cash on hand December 31, 1913..........................................................

$144 25
52 43
1,7 24 07
$1,920 75

Plan, serial.
P ar value o f shares, $130.
Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 0 ; shares issued during the year, 440;
shares w ithdraw n during the year, 41; shares in force 399. N on-borrow ing
members, 80, holdin g 399 shares.
Fem ale shareholders, 16, holdin g 74
shares. Entrance or mem bership fee, 25 cents per share. Operating “expen­
ses, as defined in section 227 o f the Banking Law , incurred and paid dur­
in g the year, $52.43. Unpaid, none. N o prem ium plan. Interest paid b y b or­
row ing members, 6 per cent. N o premium charged. N o m ortgage loans ou t­
standing.




E

r ie

C ounty.

1 03

EAST SIDE SERIAL SAVINGS AND LOAN ASSOCIATION.
N o. 344 E ast Genesee street, Buffalo, N. Y .
[Organized under Law of 1892.

Commenced business 1894.]

Officers.
Names.
P r e s id e n t ..................... ALEXANDER FRANKE ...............
Secretary .................... JACOB A. S T A U C H ....-.................
Treasurer ................... WILLIAM G E R B E R ........................
A ttorney ...................... CHARLES A. H A H L ........................

553
476
115
920

Post-office addresses.
Sherman Street.
Hickory Street.
E ast Genesee Street.
W hite Bldg.

ASSETS.
Loans on bond and m ortga ge............................................................
Loans on shares ......................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtures .........................................................................

$31,135
960
4, 721
137

00
00
50
70

$36,954 20
LIA B IL IT IE S.
Due shareholders, instalm ent shares..............................................
D ividends credited .....................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f B anking L a w ) . . . .
Unearned or rebatable prem ium ........................................................

$32,683
2, 724
900
591
54

28
08
96
54
34

$36, 954 20
RECEIPTS.
Cash on hand January 1, 1913.......................................................
Dues on instalm ent shares credited to m em bers.........................
M ortgages redeemed, foreclosed or transferred to real es ta te . .
Loans on shares repaid ..........................................................................
Fees received.................................................................................................
Fines received................................................................................................
Interest received...........................................................................................

$2,907
29,646
3, 900
2, 332
63
1
1, 990

20
50
00
50
75
00
30

$40,811 25
DISBURSEM ENTS.
Loaned on m ortga ge....................................................................................
Loaned on shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
D ividends paid on w ithdraw al, or applied on lo a n s ................
P aid salaries and clerk-hire.....................................................................
Paid advertising, p rin tin g and p osta ge..........................................
P aid rent ......................................................................................................
P aid banking department, exam ination ..........................................
P aid banking department, assessm ent...............................................
Cash on hand December 31, 1913..........................................................

$4 ,08 0 00
2, 402 50
28, 021 97
876 09
536 75
105 23
74 40
20 00
281
4,721 50
$40,841 25

Plan, permanent. P ar value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 2,152; shares issued during the year,
1,408; shares w ithdraw n during the year, 2 3 3 ; shares in force, 3,327. B or­
row ing members, 33, holdin g 251 shares; non-iborrowing members, 470, hold­
ing 3,076 shares.
Female shareholders, 232, holding 1,299 shares. T otal
dividends credited members during the year on instalm ent shares, $1,068.18;
rate 4 per cent.




104

R eport

on

S avings

and

L oan A ssociations.

N o unpaid w ithdraw als. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the B anking Law, incurred
and paid during the year, $716.38. Unpaid, none.
Prem ium plan, gross. Interest paid by borrow in g members, 6 per cent.
Prem ium paid by borrow ing members, $5 per share.
Loans have been made in Erie county, New Y ork State. Largest m ortgage
loan outstanding, $3,510. M ortgages in force in New Y ork State, $31,135.
N o foreclosures during the year*

ELLICOTT PERMANENT SAVINGS AND LOAN ASSOCIATION.
N o. 17 E ast Genesee street, Buffalo, N . Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t ...................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1889.]

Names.
P H IL IP G O ETZM ANN...................
HENRY P. HOLTZ, J a ...................
EDWARD D. R E E D ..........................
WILLIAM G. K IL H O FFER ..........

Post-office addresses.
17 E ast Genesee Street.
33 E ast Eagle Street.
German-American Bank.
308- Brisbane Bldg.

ASSETS.
Loans on bond and m ortga ge.................................................................
Stocks and bonds .......................................................................................
Cash on hand and in ibank .................................................................
Furniture and fixtures .........................................................................

$55, 070
1, 680
4 ,4 79
190

00
00
23
00

$61,419 23
LIA B IL IT IE S.
Due shareholders, instalm ent shares ...............................................
D ividends credited ..................................................................................
Earnings undivided ................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ...........

$52, 320
5 ,8 0 2
1,895
1 ,4 0 0

71
64
88
00

$61,419 23
RECEIPTS.
Cash on hand January 1, 1913........................................................
Dues on instalm ent shares credited to m em bers................: . . .
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees received ................................................................................................
Interest received .........................................................................................

$8, 168
52,033
7, 780
125
3, 174

28
80
00
50
13

$71,281 71
DISBURSEM ENTS.
Loaned on m ortgage...................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
D ividends paid on w ithdraw al, or applied on lo a n s ................
P aid salaries and clerk -h ire.................................................................
P aid advertising, prin tin g and p osta ge..........................................
P aid rent.........................................................................................................
P aid banking departm ent, exa m in a tion ............................................
P aid banking departm ent, assessm ent...............................................
State League dues ...................................................................................
Cash on hand December 31, 1913..........................................................




$ 18,010
46,132
1 ,774
578
177
100
21
4
5
4 ,479

00
29
34
00
43
00
00
42
00
23

$71,281 71

E rie C ounty.

1 05

Plan, permanent. P ar value of shares, $130. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 3,829; shares issued during the year,
502; shares w ithdraw n during the year, 409; shares in force, 3,922. B or­
row ing members, 44, holding 406 shares; non-borrow ing members, 357, hold­
ing 3,516 shares.
Females shareholders, 152, holding 992 shares. Total
dividends credited members during the year on instalm ent shares, $2,126.88;
rate 4 % per cent.
N o unpaid w ithdraw als. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking L a w , incurred
and paid during the year, $860.43. Unpaid, none.
No premium plan. Interest paid by borrow ing members, 6 per cent. No
premium charged.
Loans have been made in E rie county, New Y ork State. Largest m ortgage
loan outstanding, $4,610. M ortgages in force in New Y ork State, $55,070.
N o foreclosures during the year.

ELM PERMANENT LOAN ASSOCIATION.
N o. 357 B roadw ay, Buffalo, N. Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t .....................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1879.]

Names.
PETER W IEGAND............................
GEORGE H. W AHL...........................
JOHN SATTLER................................
WALLACE THAYER .......................

Post-office addresses.
74 Young Avenue.
357 Broadway.
990 Genesee Street.
Erie County Bank Bldg.

ASSETS.
Loans on bond and m ortga ge............................................................
Loans on shares ......................................................................................
Contracts for the sale o f real esta te...................................................
Real estate.....................................................................................................
Cash on hand and in bank ................................................................
Furniture and fixtures ...........................................................................
Interest, premium, fees and fines due and u n p a id ....................
Advances for taxes, insurance, e t c ...................................................

$1,000
701
11,213
24, 939
1,069
60
928
132

00
91
00
18
15
00
29
02

$40,043 '55
LIABILITIES.
Due shareholders, instalm ent shares...................................................
Dividends credited ....................................................................................
P rior mortgages .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ...........
Interest accrued...........................................................................................

$15,841
2, 416
17, 760
3, 548
133
343

33
09
06
47
62
98

$40,043 55
RECEIPTS.
Cash on hand January 1,1913...............................................................
Dues on instalment shares credited to m em bers.............................
M oney borrowed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real estate. .
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
Rent r e c e iv e d ...............................................................................................
Advances repaid .........................................................................................




$213
534
2, 800
1, 150
776
258
1, 569
180

62
78
00
00
64
88
00
64

1 06

R eport

on

S avings

and

L oan A ssociations.

D eduction in furn itu re and fixtu res..................................................
T ypew riter........................................... •
...........................................................
Reverted dividends.......................................................................................
Reserve fun d..................................................................................................

$60
15
200
10

00
00
30
01

$7,768 87
DISBURSEM ENTS.
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P aid borrow ed m oney and p rior m ortga ges....................................
P aid interest on borrow ed m oney and p rior m o r t g a g e s ....
P aid salaries and clerk -h ire................................................................
P aid advertising, printing and posta ge.........................................
P aid repairs to real esta te....................................................................
P aid taxes, insurance, e t c ....................................................................
P aid banking department, exa m in a tion ...........................................
P aid banking departm ent, assessm ent..............................................
Advances for taxes, insurance, e tc ...................................................
Reverted dividends......................................................................................
D eduction in furniture and fixtu res...................................................
Reserve fund.......................................................................... ' .......................
Sundries............................................................................................................
Cash on hand, December 31, 1913....................................................

$239 20
85 31
3 ,8 0 0 00
1,037 88
359 00
13 57
298 35
313 58
22 00
3 23
140 89
200 30
60 00
10 01
116 40
1,069 15
$ 7,768 87

Plan, permanent. P a r value of shares, $100. Instalm ents are 25 cents, 50
cents, 75 cents and $1 m onthly.
Shares in force January 1, 1913, 1,937 4-10, shares issued durin g the year,
n on e ; shares w ithdraw n du rin g the year, 10; shares in force, 1,927 4-10.
B orrow in g members, 8, holding 76 32-100 shares; non-borrow ing members,
92, holding 1,851 8-100 shares. Fem ale shareholders, 16, holding 98 9-10
shares. Total dividends credited members during the year on instalm ent
shares, $200.30; rate, 2 per cent. A m oun t o f filed and unpaid w ithdraw als
Decem ber 31, 1913, $6,536.34. Entrance or membership fee, $1 per member.
O perating expenses, as defined in section 227 o f the Banking Law , incurred
and paid during the year, $488.97. U npaid, none.
Prem ium plan, prem ium interest.
In terest paid b y borrow ing member,
6 per cent. Prem ium paid by borrow in g members, 2 per cent.
Loans have been made in E rie county, N ew Y ork State. L argest m ortgage
loan outstanding, $1,000. M ortgages in force in New Y ork State, $1,000.
N o foreclosures during the year.

ERIE SAVINGS AND LOAN ASSOCIATION.
No. 39 E rie street, Buffalo, N . Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1884.]

Names.
Post-office addresses.
WILLIAM A. JOYCE............................................. 30 Erie Street.
W. H. H E L F E R ..................................................... 39 Erie Street.
W. H. D. B A R R ...................................................... 39 Erie Street.
JOHN M. H U L L ...................................................... 39 Erie Street.

ASSETS.
Loans on bond and m ortga ge...................................................................
Loans on s h a r e s .........................................................................................




$705,106 55
22 ,65 5 00

E rie C ounty.
Contracts for the sale of real esta te...................................................
Real e s t a t e ....................................................................................................
Cash on hand and in b a n k ............. .........................................................
Furniture and fixtures ...........................................................................

107
$5,179
68, 645
38, 905
485

61
24
64
00

$840,977 04
LIABILITIES.
Due shareholders, instalment shares...................................................
Due shareholders, savings shares........................................................
Dividends credited ....................................................................................
Borrow ed money .......................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 Banking L a w ) ..................

$397,281
331, 996
57, 978
25, 000
3, 720
25 ,00 0

00
42
68
00'
94
00

$840,977 04
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalment shares credited to m em bers.........................
Dues on savings shares .........................................................................
Money borrowed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e sta te ..
Loans on shares re p a id .............................................................
R eal estate s o ld ...........................................................................................
Interest received .......................................................................................
Rent received ...........
F u r n itu r e ........................................................................................................
R eal estate con tra cts...............

$12,461
165, 599
256, 828
90,000
114,712
69, 962
5, 250
47, 356
3 ,7 6 9
41
2 ,905

66
751
39
00
13
02
00
56
50
00
18

$768,886 19
DISBURSEM ENTS.
Loaned on m o r tg a g e .................................................................................
Loaned on s h a re s ........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P aid savings shares..................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s......................
P aid borrow ed money and prior m ortga ges......................................
P aid interest on borrow ed money and prior m ortga ges...........
P aid for real esta te....................................................................................
P aid salaries and clerk hire ................................................................
P aid advertising, prin tin g and p osta ge............................................
P aid r e n t .......................................................................................................
P aid repairs to real esta te.....................................................................
Paid taxes, insurance, e t c .......................................................................
P aid banking department, exam ination .............................................
P aid banking department, assessm ent...............................................
Officers’ bonds .............................................................................................
Land c o n t r a c t s .............................................................................................
F u r n itu r e ........................................................................................................
M ortgage t a x ...............................................................................................
T e le p h o n e .......................................................................................................
Appraisal fees .............................................................................................
W a tch m a n ......................................................................................................
A u d it o r s ..........................................................................................................
S u n d r ie s ........................................................................................................
Cash on hand, December 31, 1913........................................................




$171, 728 34
77, 351 26
142,547 75
218,293 81
15,803 70
80, 000 00
1,735 41
6 ,097 52
4, 201 24
1,777 931
1, 200 00
3, 835 54
2 ,8 46 81
7200
60 23
84 00
431 91
51 00
851 25
36 00
590 00
78 00
150 00
156 85
38,905 64
$ 7 6 8 ,8 8 6 19

108

R eport

on

S ayings

L oan A ssociations.

and

Plan, serial. Par value o f shares, $100 and $130. Instalm ents are 25 cents
per share.
Shares in force January 1, 1913, 41,891; shares issued during the year,
19,317; shares w ithdraw n during the year, 15,869; shares in force, 45,339.
B orrow ing members, 580, holding 22,196 shares; non-borrow ing members,
5,188, holding 23,143 shares.
Fem ale shareholders, 2,845.
T otal dividends
credited members during the year on instalm ent shares, $19,790.80; rate, 5
per cent.
T otal dividends credited or paid in cash to members during the
year on other shares, $11,740.48; rate, 4 per cent.
Total dividends forfeited
by w ithdraw ing members during the year, $1,274.04.
N o unpaid w ithdraw als.
Entrance or membership fee, 25 cents per share.
O perating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $8,274.02.
Unpaid, none.
Prem ium plan, prem ium -interest.
Interest paid by borrow ing members,
6 per cent.
Prem ium paid by borrow ing members, % per cent.
Loans have been made in C attaraugus and E rie counties, New Y ork State.
Largest mortgage loan outstanding, $8,000. M ortgages in force in New Y ork
State, $705,106.55.
Three foreclosures during the year.

FREEHOLD SAVINGS AND LOAN ASSOCIATION;
No. 809 M ain street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1891.]

Names.
FRANK P. P ER SO N .............................
JOHN A. K E S S E L .................................
CHARLES J. F IX '................................
GODFREY M. F R O H E ........................

Post-office addresses
390
Elm Street.
515
Washington Street.
808
Main Street.
476
E llicott Square.

ASSETS
Loans on bond and m ortg a g e.........................
Loans on shares...................................................
Cash on hand and in b a n k ...............................
Furniture and fixtu res......................................
Advances for taxes, insurance, e t c ................

$122, 325
130
9, 170312
177

00
00
66
20
29

$132,115 15
LIA BILITIES.
Due shareholders, instalm ent shares.................................................
D ividends credited .....................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ................
Unearned or rebatable prem iu m ............................................................
Special profit and loss a cco u n t............................................................

$106,581
13, 868
9, 173
1, 746
295
450

81
25
50
59
00
00

$132,115 15
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalment shares credited to m em bers...........................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
Loans on shares re p a id ..............................................................................
Fees received ................................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
Advances repaid .........................................................................................
Paym ent on account o f loss through d efa lca tion ...........................




$21,376
74, 838
7, 975
225
121
853
4
72
300

05
42
00
00
75
791
80
17
00

$ 1 1 1 ,7 6 6 9 8

E rie County.

1 09

DISBURSEMENTS.
Loaned on m o r tg a g e .................................................................................
Loaned on s h a r e s .......................................................................................
Instalm ent diies repaid on w ithdraw al, or applied on loans. . .
P aid matured shares..................................................................................
Dividends paid on w ithdraw al, or applied on lo a n s ......................
P aid salaries and clerk-h ire..................................................................
P aid advertising, printing and p osta ge............................................
Paid r e n t .......................................................................................................
P aid banking department, ex a m in a tio n ............................................
P aid banking department, a ssessm en t..............................................
Officers’ bonds .............
Advances for taxes, insurance, e t c .......................................................
T elep h on e.......................................................................................................
Exam ining com mittee ..............................................................................
In su ra n c e ........................................................................................................
A ppraisal fees .............................................................................................
S u n d rie s ..........................................................................................................
Cash on hand, December 31, 1913..........................................................

$28,030
80
68,412
1 ,040
3 ,0 9 8
1, 165
74
300
27
10
42
30
32
42
12
82
121
9,170

00
00
33
00
44
25
31
00
75
00
50
00
15
00
65
70
24
66

$111,766 98
Plan, permanent.
P ar value of shares, $130.
Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 5,911; shares issued during the year,
1,793; shares withdrawn during the year, 413; shares in force, 7,291. B orrow ­
ing members, 28, holding 354 shares; non-borrow ing members, 720, holding
6,937 shares.
Fem ale shareholders, 409, holding 2,730 shares.
Total div i­
dends credited members during the year on instalment shares, $4,697.02;
rate, 4 % per cent. T ota l dividends forfeited by w ithdraw ing members during
the year, $3,291.44.
N o unpaid withdraw als.
A m ount of shares matured during the year,
$1,040. Entrance or membership fee, 25 cents per share. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $1,872.80.
Unpaid, none.
Premium plan, gross.
Interest paid by borrow ing members, 6 per cent.
Premium paid by borrow ing members, $10' per share.
Loans have been made in Erie county, New Y ork State.
Largest m ortgage
loan outstanding, $10,500. M ortgages in force in New Y ork State, $122,325.
N o foreclosures during the year.

GERMAN CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 568 Genesee street, Buffalo, N. Y .
[Organized under Law of 1894.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1898 ]

Names.
MICHAEL KUNTZ ................
ARNOLD L. EATO N................
DANIEL J U N G ..........................
L. P. HANCOCK.........................

Post-office addresses
295 Grey Street.
M. & T. N at’l Bank.
568 Genesee Street.
M utual Life Ins. Bldg.

ASSETS.
Loans on bond and m ortga ge............................................................
Loans on shares .......................................................................................
Real estate......................................................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtures .........................................................................
Advances for taxes, insurance, etc ...................................................




$29,550
945
281
1, 665
154
7

00
00
85
97
50
50

$32,604 82,

110

R eport

on

S avings

and

L oan A ssociations.

L IA B IL IT IE S.
Due shareholders, instalm ent shares...............................................
D ividends credited.......................................................................................
Earnings undivided.....................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ...........

$28,552
2, 620
931
500

50
56
76
00

$32,604 82
RECEIPTS.
Cash on hand January 1, 1913........................................................
Dues on instalment shares credited to m em b ers,......................
M oney borrow ed............................................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid ..........................................................................
R eal estate sold............................................................................................
Fees received.................................................................................................
Interest received...........................................................................................
Prem ium received.........................................................................................
Advances repaid............................................................................................
Cash over..................................................................................
P rofit on real estate sold .....................................................................

$2 ,27 0
33,057
1, 500
1,810
535
324
29
2,3 05
125
289
16
325

95
93
00
00
00
96
25
30
61
59
55
04

$42,590 18
DISBURSEM ENTS.
Loaned on m ortgage ..............................................................................
Loaned on shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
D ividends paid on w ithdraw al, or applied
on lo a n s ...............
P aid borrow ed money and prior m ortga ges......................................
P a id interest on borrow ed m oney and prior m ortga ges.................
P a id for real estate ................................................................................
P aid salaries and clerk-hire .................................................................
P aid advertising, printing and p o s t a g e ........................................
P aid rent.........................................................................................................
Paid banking departm ent, exa m in a tion ..........................................
P a id banking departm ent, assessment ..........................................
Officers’ bonds...............................................................................................
Advances for taxes, insurance, etc.......................................................
F urniture and fixtures ..........................................................................
Insurance and taxes advanced to profit and lo s s ........................
Cash short.......................................................................................................
Insurance..........................................................................................................
Legal expenses...............................................................................................
Sundries............................................................................................................
Cash on hand, December 31, 1913........................................................

$2, 320 00
400 00
33,919 83
1,554 02
1,500 00
25 50
22 94
704 90
13 50
78 95
20 00
2, 68
8 00
34 71
8 00
249 38
14 70
6 35
40 00
75
1,665 97
$42,590 18

Plan, permanent. P ar value of shares, $50 and $130. Instalm ents are 10
cents and 25 cents weekly.
Shares in force January 1, 1913, 2,703; shares issued durin g the year,
670; shares w ithdraw n during the year, 705; shares in force, 2,668. B or­
row in g members, 29, holdin g 228 shares; non-borrow ing members, 432, h old­
in g 2,440 shares. Female shareholders, 183, holding 927 shares. T ota l div­
idends credited members during the year on instalm ent shares, $885.21;
rate, 4 per cent.
N o unpaid w ithdraw als. Entrance or membership fee, 10 cents and 25
cents. Operating expenses, as defined in section 227 o f the Banking Law,
incurred and paid during the year, $852.45. U npaid, none.




E rie C ounty.

I l l

Prem ium plan, instalment. Interest paid by borrow in g members, 6 per
cent. Prem ium paid b y borrow ing members, 1 per cent.
Loans have been made in E rie county, New Y ork State. Largest m ort­
gage loan outstanding, $2,080.
M ortgages in force in New Y ork State,
$29,550. N o foreclosures during the year.

G00DELL PERMANENT LOAN ASSOCIATION.
N o. 109 Goodell street, Buffalo, N. Y.
[Organized under Law o f 1851.
Officers
P r e s id e n t ..................
Secretary ..................
Treasurer ..................
Attorney .....................

Commenced business 1888.]

Names.
J. HENRY W ALLENHORST..........
JOHN R. SCHW EIGERT.................
WILLIAM C. GERLACH..................
CHARLES J. DECKOP.....................

Post-office addresses,
82 Goodell Street.
34 Holland Place.
207 Goodell Street.
328 Brisbane Bldg.

ASSETS.
Loans on bond and m ortga ge................................................................
Cash on hand and in b a n k .....................................................................
Interest, premium, fees and fines due and unpaid
$156 40

$57,905 00
9,305 07

$67,210 07
LIABILITIES.
Due shareholders, instalm ent shares.................................................
D ividends credited.......................................................................................
Earnings undivided.....................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ..............
Unearned or rebatable premium .......................................................

$57, 606 50
6, 755 50
503 07
1, 800 00
545 00
$67,210 07

RECEIPTS.
Cash on hand January 1, 1913,............................ ...............................
Dues on instalment shares credited to m em bers...........................
M ortgages redeemed, foreclosed or transferred to real estate.
Real estate sold .........................................................................................
Fees received..................................................................................................
Fines received...............................................................................................
Interest received........................................... ............................. .................
Prem ium r e c e iv e d .......................................................................................
Advances repaid...........................................................................................
Reverted dividends......................................................................................

$2,606
35,173
19,950
5, 600
127
58
3,6 30
195
25
1

79
75
00
00
75
80
76
00
00
50

$67,369 35
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
Dividends paid on w ithdraw al, or applied on loa n s....................
Paid for real estate ................................................................................
P aid salaries and clerk-hire ................................................................
P aid advertising, p rin tin g and p osta g e............................................
P aid rent.........................................................................................................
P aid taxes, insurance, etc.......................................................................
P aid banking departm ent, exa m in a tion ............................................
P aid banking department, assessment ...............................................
Officers’ bonds .............................................................................................




$20, 170
31,464
2, 524
2 ,8 00
749
15
84
5
20
5
12

00
50
56
00
50
45
00
89
00
06
00

112

R eport

on

S avings

L oan A ssociations.

and

Advances for taxes, insurance, e t c ....................................................
Sign ....................................................................................................................
Legal expenses and foreclosure c o s ts ................................................
A pp raisals......................................................
Office f ix t u r e s ................................................................................................
Cash on hand December 31, 1913........................................................

$25
1
170
9
7
9 ,305

00
00
50
00
82
07

$67,369 35
Plan permanent. P ar value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 2,833; shares issued during the year,
5 11; shares withdraw n durin g the year, 513; shares in force, 2,831. B or­
row ing members, 17, holding 213 shares; non-borrow ing members, 399, hold­
ing 2,618 shares. Female shareholders, 260, holding 1,444 shares. T otal div­
idends credited members du rin g the year on instalm ent shares, $2,614.79;
rate, 4 per cent to 5 per cent.
N o unpaid w ithdraw als.
Entrance or membership fee, 25 cents per
share. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $878.77. Unpaid, none.
Prem ium plan, gross. Interest paid by borrow ing members, 6 per cent.
Prem ium paid by borrow in g members, $5 per share.
Loans have been made in E rie county, New Y ork State. Largest m ortgage
loan outstanding, $3,500. M ortgages in force in New Y ork State, $57,905.
One foreclosure during the year.

HAMBURGH SAVINGS AND LOAN ASSOCIATION.
M ain street, H am burg, N. Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1890.]

Names.
Post-office addrp^p
NEWTON C. F IS H ............................................
Hamburg, N. Y.
GEORGE J. BR E N D EL...................................
Hamburg, N. Y.
OTHO CHURCHILL......................................... Hamburg, N. Y.
Hamburg, N. Y.
FRANK C. B R E N D E L .....................................

ASSETS
Loans on bond and m ortga ge.........................
Loans on shares ...............................................
Contracts for the sale o f real esta te .........
Cash on hand and in b a n k .............................

$58,073
2 ,6 1 5
1,135
77

43
00
50
77

$61,901 70
LIA B IL IT IE S.
Due shareholders, instalm ent shares.................................................
D ividends credited.......................................................................................
Borrow ed m oney...........................................................................................
Earnings undivided.....................................................................................
Contingent fund (as per section 225 of B anking L a w ) .............
Unearned or rebatable prem ium .......................................................

$45, 083
6, 498
8 ,4 0 0
142
1, 147
630

00
65
00
25
17
63

$61,9 0 1 70
RECEIPTS.
Dues on instalm ent shares credited to m em bers.............................
M oney borrow ed............................................................................................
M ortgages redeemed, foreclosed o r transferred to real e s t a t e ..
Loans on shares repaid .........................................................................
Fees received..................................................................................................




$16,977
10,900
2, 720
749
60

75
00
00
00
70

E rie County.

113

Interest received...........................................................................................
Prem ium received........................................................................................
Received on contracts .............................................................................

$2, 997 61
25 00
34 50
$34,464 56

DISBURSEM ENTS.
Loaned on m ortgage .............................................................................
Loaned on shares ......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s . .
P aid m atured shares ..............................................................................
Dividends paid on w ithdraw al, or applied on loa n s....................
Paid borrowed money and prior m ortgages...................................
P aid interest on borrowed money and prior m ortga ges.............
Paid salaries and clerk-hire ................................................................
Paid advertising, prin tin g and posta ge..........................................
Paid rent....................
P aid banking department, exam ination ..........................................
P aid banking department, assessm ent................................
Dank overd raft.............................................................................................
Interest on shares w ithdraw n ............................................................
Express.............................................................................................................
Cash on hand, December 31, 1913.......................................................

$8,800
700
6, 077
10, 831
2,687
2, 500
134
254
87
85
20
4
1,886
317
1
77

00
00
25
25
50
00
24
00
25
00
40
49
01
80
60
77

$34,464 56
Plan, serial. Par value of shares, $130. Instalm ents are 25 cents weekly.Shares in force January 1, 1913, 1,387; shares issued . during the year,
453; shares withdraw n during the year, 609; shares in force, 1,231. B or­
row ing members, 23, holding 247 shares; non-borrow ing members, 169, hold­
ing 984 shares. Female shareholders, 76, holding 404 shares. T ota l dividends
credited members during the year on instalm ent shares, $3,147.35; rate, 6 ^
per cent.
Total dividends forfeited by w ithdraw ing members during the
year, $1,177.50.
N o unpaid w ithdrawals.
Am ount of shares matured during the year,
$10,831.25. Entrance or membership fee, 25 cents per share. O perating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $427.85. Unpaid, none.
Prem ium plan, gross. Interest paid by borrow ing members, 6 per cent.
Prem ium paid by borrow ing members, $5 per share.
Loans have been made in Erie county, New Y ork State.' Largest m ort­
gage loan outstanding, $6,000. M ortgages in force in New Y ork State, $58,073.43. N o foreclosures during the year.

HERCULES PERMANENT SAVINGS AND LOAN ASSOCIATION.
No. 217 Cherry street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1885.]

Names.
Post-office addresses
ALIOS REGER............................................... 76 Rose Street.
WTLLTAM C. CRAMER..............................
24 Locust Street.
GEORGE S P T N D L E R ................................. 217 Cherry Street.
JACOB STEIN .......................... Mooney and Brisbane Bldgs.

ASSETS.
Loans on bond and m ortga ge..............................................................
Cash on hand and in bank ..................................................................
Furniture and fixtures ...........................................................................




$2,990 00
1,157 37
50 00
$4,197 37

114

R eport

on

S avings

and

L oan A ssociations.

LIA BILITIES.
$3,931
151
14
100

D ue shareholders, instalm ent sh a res.....................................................
D ividends credited ....................................................................................
Earnings undivided.....................................................................................
Contingent fund (as per section 225 of Banking L a w ) ...............

75
36
16
10

$4,197 37
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers...........................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
Fees received..................................................................................................
Interest received...........................................................................................

$2,713
10,492
650
99
171

07
00
00
81
25

$14,126 13
DISBURSEM ENTS.
Loaned on m ortgage ..............................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
D ividends paid on w ithdraw al, or applied on loa n s....................
P a id salaries and clerk-hire .................................................................
P aid banking department, exa m in a tion ..........................................
P aid banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
Cash on hand, December 31, 1913......................................................

$ 2,080
1*0,660
60
148
14

00
00
41
00
00
35
6 00
1,157 37

$14,126 13

Plan, permanent. P ar value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 662; shares issued during the year, 103;
shares w ithdraw n during the year, 10; shares in force, 755.
B orrow ing
members, 3, holding 25 shares; non-borrow ing members, 77, holding 730
shares. Female shareholders, 29, holdin g 216 shares. T ota l dividends cred­
ited members during the year on instalm ent shares, $75.50; rate, 3 % per
cent.
N o unpaid withdraw als. Entrance or membership fee, 25 cents per share.
O perating expenses, as defined in section 227 o f the B anking Law , incurred
and paid d u rin g ‘ the year, $154. U npaid, none.
Prem ium plan, gross. Interest paid by borrow in g members, 6 per cent. N o
prem ium charged.
Loan have been made in Erie county, New Y ork State. Largest m ortgage
loan outstanding, $1,300. M ortgages in force in N ew Y ork State, $2,990.
N o foreclosures during the year.

HOMESTEAD SAVINGS AND LOAN ASSOCIATION.
No. 360 Pearl street, Buffalo, N. Y .
[Organized under Law of 1851.
Officers.
P resident ....................
Secretary ....................
Treasurer ...................
A ttorney .....................




Commenced business 1884.]

Names.
Post-office addresses
GEORGE T R O U P ....................................................
Holland,N Y
CHARLES H. FQ PG ER S...................................... Buffalo N Y.
CHARLES E. MOREY........................................... Buffalo N Y.
FRED GREINER .................................................... Buffalo, M Y.
i-

E rie C ounty.
ASSETS.
Loans on bond and m ortg a g e ................................................................
Loans on shares...........................................................................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtu res..............................................................................
Advances fo r taxes, insurance, e t c .....................................................

115

$790,685
29,955
27,000
6 ,2 55
1,555
302

00
35
00
46
69
73

$855,754 23
LIA B IL IT IE S.
D ue shareholders, instalm ent s h a r e s . . . , ..........................................
Due shareholders, incom e shares..........................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ..............
Unearned or rebatable prem iu m ............................................................
Incom e shares, dividen ds.........................................................................
Suspended d u e s ...........................................................................................
Contingent dividends ..............................................................................

$751,156
33,900
9, 791
4 0,000
9 ,9 12
425
107
10,461

37
00
51
00
29
00
91
15

$855,754 23
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on income sh a res..............................................................................
M oney borrowed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares r e p a id .. . ........................................................................
R eal estate so ld ...........................................................................................
Fees received ................................................................................................
Interest received .........................................................................................
Prem ium received .......................................................................................
Rent received .............................................................................................
Individual accounts ..................................................................................
Suspended dues .........................................................................................
Land contracts ...........................................................................................
P rofit and lo ss.............................................................................................
Furniture and fixtu res..............................................................................

$25,364 14
304, 814 40
15,500 00
115,000 00
62, 445 00
122, 340 00
410 00
1,245 10
44,566 70
3, 376 00
521 00
5, 290 04
322 97
3 ,8 00 00
344 91
50 00
$705,390 26

DISBURSEMENTS.
Loaned on m ortg a g e..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on withdraw al, o r applied on lo a n s .. .
P aid m atured shares..................................................................................
P aid income shares....................................................................................
Cash dividends paid on income and accum ulative prepaid
shares ........................................................................................................
P aid borrowed money and prior m ortgages......................................
Paid interest on borrowed money and prior m ortgages.............
P aid for real esta te..................................................................................
P aid salaries and clerk-hire...................................................................
P aid advertising, p rin tin g and p osta ge.............................................
P a ir rent ......................................................................................................
P aid repairs to real esta te...........................................................
P aid taxes, insurance, e t c .......................................................................
P aid banking department, exam ination ..........................................
P a id banking department, assessm ent.............................................




$146, 450
122,315
166,310
118,460
4 ,700

00
35
87
89
00

1,254
115,000
996
538
4 ,2 1 6
238
942
149
237
81
64

00
00
14
25
00
68
59
02
17
00
51

R eport

1 16

on

S avings

L oan A ssociations.

and

In dividual accounts ...................................................................................
Sundry expenses .........................................................................................
Suspended d u e s ...........................................................................................
Contingent dividends ................................................................................
F u rn itu re and fixtu res..............................................................................
M ortgage taxes ...........................................................................................
R egistry fees rebated................................................................................
P rofit and lo s s .............................................................................................
Prem ium s ......................................................................................................
Cash on hand December 31, 1913..........................................................

$5, 275 79
1, 469 77
463 27
9, 149 00
222 04
391 50
26 50
50 00
132 46
6,2 55 46
$705,390 26

Plan, permanent. P a r value o f shares, $50 and $100. Instalm ents are 10
and 20 cents weekly.
Shares in force January 1, 1913, 43,832; shares issued during the year,
8,508; shares w ithdraw n during the year, 9,218; shares in force, 43,122.
B orrow in g members, 292, holding 6,081 shares; non-borrow ing members, 2,659,
holdin g 37,041 shares.
Fem ale shareholders, 1,522, holding 19,787 shares.
T otal dividends credited members during the year on instalm ent shares,
$25,849.56; rate, 4 per cent. T otal dividends credited or paid in cash to
members during the year on other shares, $1,254; rate, 4 per cent.
N o unpaid w ithdraw als. A m oun t o f shares matured during the year, $118,460.89. Entrance or mem bership fee, 20 cents per share. O perating expenses,
as defined in section 227 o f the Banking Law , incurred and paid during the
year, $6,867.04. Unpaid, none.
Prem ium plan, .gross. In terest paid by b orrow in g members, 5 per cent
and 6 per cent. Prem ium paid by borrow ing members, $4 per $100 share.
Loans have been made in E rie and Genesee counties, New Y ork State.
Largest m ortgage loan outstanding, $18,400. M ortgages in force in New Y ork
State, $790,685. N o foreclosures during the year.

HYDRAULIC MUTUAL SAVINGS AND LOAN ASSOCIATION.
N o. 780 Seneca street, Buffalo, N. Y .
[Organized under Law of 1851.
Officers
P resident
Secretary .
Treasurer
A ttorney .

Commenced business 1881.]

Names.
EDWARD A S T .....................................
.TITLIEN A. R IE ST E R .....................
EUGENE J. R IE ST E R .....................
HENRY J. ROSCHE..........................

Post-office addresses.
210 B aitz Avenue.
230 E ast Ferry Street.
1583 Niagara Street.
287 E ast North Street.

ASSETS.
Loans on bond and m ortg a g e.................................................................
Real e s t a t e ....................................................................................................
Cash o n hand and in b a n k .....................................................................
Furn itu re and fixtu res..............................................................................

$54, 190
11,542
28 ,61 2
75

50
53
55
00

$94,420 58
LIA B IL IT IE S.
D ue shareholders, instalm ent shares...................................................
D ividends credited .....................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) .............
Unearned o r rebatable prem iu m ............................................................




$77,771
4 ,1 0 7
5, 206
5 ,0 0 0
2 ,3 3 6

03
25
24
00
06

$94, 4 2 0 58

E rie C ounty.

117

R E C E IP T S .

Cash on hand January 1, 1913.................
Dues on instalm ent shares credited to m em bers...............................
M ortgages redeemed, foreclosed o r transferred to real esta te. .
Real estate s o ld ...........................................................................................
Fees received ...............................................................................................
Fines received .............................................................................................
Interest received .........................................................................................
Prem ium r e e c iv e d .......................................................................................
R ent received .............................................................................................
Clerical e r r o r s .............................................................................................
P rofit on real esta te..................................................................................

$20,917
36,703
35, 525
1,760
352
81
4 ,4 0 2
1, 130
1, 619
13
239

41
86
00
55
62
32
69
00
48
19
45

$102,745 57
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loa n s. . .
P aid matured shares..................................................................................
P aid salaries and clerk -h ire...................................................................
P aid advertising, printing and posta ge............................................
P aid rent ......................................................................................................
P aid repairs to real e sta te.......................................................................
P aid taxes, insurance, e t c .......................................................................
P aid banking department, exam ination ............................................
P a id hanking departm ent, assessm ent...............................................
Officers’ bonds .............................................................................................
C ollection o f re n ts.......................................................................................
Prem ium s rebated ....................................................................................
D raw ing lease .............................................................................................
Commission, sale o f real esta te............................................................
Searching ......................................................................................................
Refunded rent .............................................................................................
Cash on hand December 31, 1913..........................................................

$17,670
39, 534
14, 009
726
39
90
429
490
20
8
20
161
765
2
150
4
10
28,612

00
82
58
20
75
00
44
41
00
55
00
76
61
00
00
00
90
55

$102,745 57
Plan, permanent. P ar value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 2,827; shares issued during the year,
1,401; shares w ithdraw n during the year, 1,404; shares in force, 2,824. B or­
row in g members, 43, holdin g 468 shares; non-borrow ing members, 443, hold­
ing 2,356 shares. Fem ale shareholders, 236, holding 1,201 shares. T otal
dividends credited members durin g the year on instalm ent shares, $4,107.25;
rate, 5 per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured during the year,
$14,009.58. Entrance or mem bership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 o f the Banking Law, incurred and paid
during the year, $1,193.71. Unpaid, none.
Prem ium plan, gross. Interest paid 'by borrow in g members, 12% cents per
share weekly. Prem ium paid b y borrow ing members, $10 per share.
Loans have been made in E rie county, New Y ork State. Largest mortgage
loan outstanding, $3,307.50. M ortgages in force in New Y ork State, $54,190.54.
N o foreclosures durin g the year.




118

R eport

on

S avings

and

L oan A ssociations.

INDUSTRY PERMANENT DIME SAVINGS AND LOAN ASSOCIATION.
No. 173 Peckham street, B uffalo, N . Y.
[Organized under Law of 1851.
Officers
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1891.]

Names.
CHARLES E. T H IE S F E L D .................
P. J. P. ROSENKRANZ........................
WILLIAM B R U E C K ...............................
THEODORE STEEG ............................

Post-office addresses.
147 Peckham Street.
18 Sweeney Street.
74 Grey Street.
571 W illiam Street.

ASSETS.
Loans on bond and m ortg a g e ........................................ ... ...................
Cash on hand and in ba n k ........................................................................

$26,1 0 0 00
3, 488 92
$29,588 92

LIABILITIES.
D ue shareholders, instalm ent shares...................................................
D ividends credited .....................................................................................
Earnings undivided ...................................................................................
Contingent fund (as per section 225 of Banking L a w ) ................
Unearned or rebatable prem iu m ............................................................

$23,3 2 6
2, 764
904
1, 193
1,400

85
65
14
28
00

$29,588 92
RECEIPTS.
Cash on hand January 1, 1913.................................................................
Dues on instalm ent shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real esta te. .
R eal estate s o ld ..............................................................................................
Fees received ................................................................................................
Interest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................

$5, 765 94
12, 573 00
400 00
989 53
103 80
1,281 55500 00
$21,613 82

DISBURSEM ENTS.
Loaned on m o r t g a g e ...................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P aid salaries and c le r k -h ir e ...................................................................
P aid advertising, printing and p osta ge...............................................
P aid r e n t ........................................................................................................
P a id banking department, e x a m in a tio n ............................................
P a id banking department, a ssessm en t...............................................
R epairs to s a fe ..............................................................................................
Cash on hand, December 31, 1913..........................................................

$5, 400 00
11, 482 40
755 49
429 00
22 75
10 00
21 00
2 26
2. 00
3 ,4 88 92
$21,613 82

Plan, permanent.
P a r value o f shares, $100.
Instalm ents are 10 cents
per share.
Shares in force January 1, 1913, 2,157; shares issued during the year, 2,069;
shares w ithdraw n during the year, 2,038; shares in force, 2,188. B orrow ing
members, 12, holding 287 shares; non-borrow ing members, 162, holding 1,901
shares.
Female shareholders, 72, holding 438 shares.
T otal dividends cred­
ited members during the year on instalm ent shares, $1,023.02; rate, 4 per cent.
N o unpaid w ithdraw als.
E ntrance or mem bership fee, 10 cents per share.
O perating expenses, as defined in section 227 o f the Banking Law . incurred
and paid during the year, $463.75.
U npaid, none.




E rie County.

119

Premium plan, gross;
Interest paid by borrow ing members, 10 cents per
share per week.
Prem ium paid by borrow ing members, $10 per share.
Loans have been made in E rie county, New Y ork State.
Largest m ortgage
outstanding, $5,400.
M ortgages in force in New Y ork State, $26,100.
No
foreclosures during the year.

IRISH-AMERICAN SAVINGS AND LOAN ASSOCIATION.
N o. 138 Pearl street, Buffalo, N. Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
A tto r n e y s.....................

Commenced business 1884.]

Names.
Post-office addresses.
WILLIAM J. FORSYTH .....................................
Buffalo, N. Y.
JOSEPH W. DOOLEY........................................ Buffalo, N. Y.
JAMES H ANRAHAN............................................
Buffalo, N. Y.
CRANGLE & COCHRANE................................. Buffalo. N. Y.

ASSETS.
Loans on bond and m ortga ge................................................................ $ 1 ,79 6 ,8 2 3 89
Loans on shares...........................................................................................
41,950 50
Cash on hand and in b a n k .....................................................................
64,312 84
Instalm ents due and unp aid .........................................
$ 1 ,7 2 8 50
Interest, premium, fee^ and fines due and unpaid
1 ,0 4 2 63
$ 1 ,90 3 ,0 8 7 23
LIABILITIES.
Due shareholders, instalm ent shares ................................................. $ 1 ,3 8 6 ,0 8 9
Due shareholders, savings shares ........................................................
279, 879
Dividends credited ....................................................................................
158, 592
Earnings undivided ..................................................................................
11, 645
Contingent fund (as per section 225 of Banking L a w ) ...........
85,000
Unearned or rebatable prem iu m ............................................................
1,880

25
34
65
99
00
00

$1, 903, 087 23
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalment shares credited to m em bers...........................
Dues on savings s h a r e s ............................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ..............................................................................
Fees received ................................................................................................
Fines received .............................................................................................
Interest r e c e iv e d .........................................................................................

$106,587
581,981
138, 230
221,480
42,078
3, 659
330
99,851

30
75
12
95
15
25
31
49

$ 1 ,1 9 4 ,1 9 9 32
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid m atured shares ................................................................................
Paid savings shares ..................................................................................
Dividends paid on w ithdraw al, or applied on lo a n s....................
Paid salaries and clerk-h ire...................................................................
P aid advertising, printing and posta ge...............................................
Paid r e n t ........................................................................................................
Paid banking department, ex a m in a tio n ............................................
Paid banking department, a ssessm en t...............................................
A u d it in g ..............*
..........................................................................................




$531, 860
34, 727
266,178
182, 208
81,144
18,708
8, 409
1, 336
1, 800
137
132
69

00
00
00
50
60
0'5
38
03
00
00
14
00

1 20

K eport

on

S avings

L oan A ssociations.

and

In dividual accounts ...................................................................................
A p p r a is a ls ......................................................................................................
Cash on hand, December 31, 1013........................................................

$488 78
2 ,6 88 00
64,312 84
$ 1 ,1 9 4 ,1 9 9 32

Plan, serial. P ar value of shares, $130. Instalm ents are 25 cents weekly.
Shareg* in force January 1, 1913, 61,250; shares issued during the year,
14,400; shares w ithdraw n during the year, 24,150; shares in force, 51,500.
B orrow ing members, 705, holding 7,598 shares; non-borrow ing members, 4,790,
holding 43,902 shares.
Fem ale shareholders, 2,748, holding 25,750 shares,
l o t a l dividends credited members during the year on instalm ent shares,
$74,157.25; rate, 5 per cent.
T ota l dividends credited or paid in cash to
members during the year on other shares, $10,001.68; rate, 4 per cent. T otal
dividends forfeited by w ithdraw ing members during the year, $3,697.53.
N o unpaid w ithdraw als.
A m ount of shares matured during the year,
$182,208.50.
Entrance or membership fee, 25 cents per share.
Operating
expenses, as defined in section 227 of the^ Banking Law, incurred and paid
during the year, $14,791.19.
Unpaid, none.
Prem ium plan, gross.
Interest paid by borrow ing members, 6 per cent.
N o premium charged.
Loans have been made in E rie county, New Y ork State.
Largest m ortgage
loan outstanding, $16,369.
M ortgages in force in New Y ork State,
$1,796,823.89.
N o foreclosures during the year.

LOVE JOY PERMANENT DIME SAVINGS AND LOAN ASSOCIATION.
N o. 668 W illia m street, Buffalo, N . Y .
[Organized under Law of 1851.
Officers.
P resid en t.......................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1891.]

Names.
ANTON VOLK.........................................
CHARLES LOW ENSTEIN..................
GEORGE W IENER................................
J. ADAM W E IS S ...................................

Post-office addresses.
668 W illiam Street.
1546 Fillm ore Avenue.
198 Shumway Street.
M utual L ife Bldg.

A SSFT S
Loans on bond and m ortg a g e.........................
Loans on shares....................................................
Cash on hand and in b a n k .............................

$18,543 75
1,651 37
2,161 40
$22,356 52

L IA B IL IT IE S .

•Due shareholders, instalm ent shares...................................................
D ividends credited .....................................................................................
Earnings undivided ...................................................................................
Contingent fund (as per section 225 of B anking L aw ) . . . . . . .
Unearned or rebatable prem iu m ............................................................

$18,712
1, 440i
742
1, 000
460

90
69
93
00
00

$22,356 52
REC EIPTS.
Cash on hand January 1, 1913.......... ....................................................
Dues on instalment shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares rep a id ............................................................................
Fees r e c e iv e d ................................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................




$ 4,532
17,567
3,0 22
1,231
177
1, 175
383

10
70
50
75
35
49
58

$ 28,090 47

E rie C ounty.

1 21

DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loans. . .
Dividends paid on w ithdraw al, or applied on loa n s......................
Paid salaries and clerk-h ire.....................................................................
P aid advertising, printing and posta ge...............................................
Paid r e n t .......................................................................................................
P aid banking department, exam ination ...............................................
P aid banking department, assessm ent.................................................
Officers’ bonds .............................................................................................
Safe r o b b e r y .................................................................................................
Revolver for treasu rer................................................................................
Cash on hand, December 31, 1913.......................................................

$6 ,85 3
1,415
15, 945
824
518
40
20
22
1
12
261
13
2, 161

75
62
20
80
40
50
00
00
67
00
63
50
40

$28,090 47

Plan, permanent.
P ar value of shares, $100.
Instalm ents are 10 cents
weekly.
Shares in force January 1, 1913, 2,876; shares issued during the year, 2,189;
shares withdrawn during the year, 1,725; shares in force, 3,340.
Borrow ing
members, 21, holding 595 shares; non-borrow ing members, 246, holding 2,745
shares.
Female shareholders, 145, holding 1,345 shares.
Total dividends
credited members during the year on instalm ent shares, $932.63; rate, 6 per
cent.
N o unpaid withdraw als. Entrance or membership fee,. 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $590.90. Unpaid, none.
Prem ium plan, gross. Interest paid b y borrow ing members, 6 per cent.
Prem ium paid by borrow ing members, 7 % per cent.
Loans have been made in E rie county, New Y ork State. Largest m ortgage
loan outstanding, $2,687.50. M ortgages in force in New Y ork State, $18,543.75.
No foreclosures during the year.

NIAGARA SAVINGS AND LOAN ASSOCIATION.
N orth N iagara street, Tonawanda, N. Y ’
[Organized under Law of 1851.
Officers.
President ..................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1890.]

Names.
Post-office addresses.
FRED E N O E L K IN G ...................................... Tonawanda, N. Y.
E. W. B E T T S.................................................... Tonawanda, N. Y.
JOHN O. W ALLENMEIER.......................... Tonawanda, N. Y.
J O n N K. P A T T O N .........................................
Tonawanda, N. Y.

ASSETS.
Loans on bond and m ortga ge................................................................
Loans on shares...........................................................................................
Real e s ta t e ......................................................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtu res..............................................................................
Advances for taxes, insurance, etc.........................................................
Instalm ents due and unpaid.........................................
$ 2 ,6 3 7 00
Interest, premium, fees and fines due and unpaid
1 ,2 7 4 87




$783,200
9 ,7 50
L 628
201
350
28

93
00
11
88
00
13

$ 7 9 5 ,1 5 9 05

1 22

R eport

on

S avings

and

L oan A ssociations.

L IA B IL IT IE S.
Due shareholders, instalm ent sh a res...................................................
D ividends credited .....................................................................................
B orrow ed money .........................................................................................
Earnings u n d iv id e d ....................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............
In dividual accounts ...................................................................................

$645, 448
98, 181
13,620
12, 986
24, OOO
922

00
64
00
65
00
76

$795,159 05
RECEIPTS.
Cash on hand January 1,1913...............................................................
Dues on instalm ent shares credited to m em bers...............................
M oney b o r r o w e d ...........................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares re p a id ..............................................................................
Fees r e c e iv e d ..................................................................................................
Fines r e c e iv e d ...............................................................................................
Interest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................
Advances r e p a id ...........................................................................................
D ividends f o r f e i t e d .....................................................................................

$7,053
2 4 0 ,3 6 9
163,280
95, 557
2, 600i
2, 010
561
46, 241
3 ,2 56
41
1, 507

82
75
00
00
00
50
79
48
32
72
39

$562,479 77
DISBURSEM ENTS.
Loaned on m ortga ge.....................................................................................
Loaned on shares......................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
P a id m atured shares..................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s .....................
P a id borrow ed money and prior m ortga ges....................................
P aid interest on borrow ed m oney and p rior m ortga ges.............
P a id salaries and c le r k -h ir e ...................................................................
P aid advertising, printing and p osta ge...............................................
P aid r e n t ........................................................................................................
P aid taxes, insurance, e t c .......................................................................
P a id banking department, exa m in a tion ............................................
P aid banking department, a s sessm en t...............................................
Officers’ b o n d s ...............................................................................................
Advances for taxes, insurance, etc.........................................................
A ppraisal fees ..............................................................................................
Prem ium r e tu r n e d ......................................................................................
In dividual accounts ........... , ....................................................................
Cash on hand December 31, 1913..........................................................

$180, 270
5 ,8 50
69,605
143,780'
4 ,7 7 8
152,530
958
1, 828
127
125
100
89
57
20
24
1 ,220
88
825
201

00
00
25
00
96
00
03
00
91
00
56
00
43
02
38
00
31
04
88

$562,479 77
Plan, serial. P a r value o f shares, $130. Instalm ents are 25 cents weekly.
Shares in force January 1, 1913, 17,448; shares issued during the year,
7,806; shares withdraw n during the year, 5,237; shares in force, 20 017.
B orrow in g members, 618, holdin g 5 831 shares; non-borrow ing members, 2,090,
holdin g 14.186 shares. Fem ale shareholders. 1.091, holding 6,769 shares.
T ota l dividends credited members during the year on instalm ent shares,
$18,125.45; rate, 6.8 per cent. T ota l dividends forfeited by w ithdraw ing
members during the year. $1,507.39.
N o unpaid withdraw als. A m ount o f shares m atured during the year,
$143,780. Entrance or m em bership fee. 25 cents per share. O perating ex­
penses, as defined in section 227 of the Banking Law , incurred and paid dur­
in g the year, $3,320.93. U npaid, none.
Prem ium plan, instalm ent. In terest paid by borrow ing members, 6 per
cent. Prem ium paid by borrow in g members, 2 cents per share per week.




E rie County.

123

Loans have been made in E rie and N iagara counties, New Y ork State.
Largest m ortgage loan outstanding, $7,500. M ortgages in force in New Y ork
State, $783,200.93. One foreclosure during the year.

PEOPLE’S DIME SAVINGS AND LOAN ASSOCIATION, No. a.
No. 338 Genesee street, Buffalo, N . Y .
[Organized under Law of 1851.

Treasurer ..................
Attorney .....................

Commenced business 1890.]

A. C. K RANICH FELD............................
J. J. S T E IN ...............................................

434 Genesee Street.
Brisbane Building.

ASSETS.
Loans on bond and m ortg a g e...................................................................
Beal e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtu res..............................................................................

$93,1 0 0
7 ,1 78
3,065
350

00
09
11
00

$103,693 20
LIABILITIES.
Due shareholders, instalm ent shares.....................................................
D ividends credited ....................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ...............

$92,473
7 ,8 1 2
1,6 82
1,725

60
35
25
00

$103,693 20
RECEIPTS.
Cash on hand January 1, 1913.............................................................
Dues on instalm ent shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Fees received ...............
Fines received .............................................................................................
Interest received .........................................................................................
Rent r e c e iv e d ................................................................................................
A ccou nt o f furniture and fixtu res........................................................

$ 9 ,12 5
70,167
3, 300
48.2
81
4, 060
378
53

64
50
00
20
32
05
10
08

$87,647 89
DISBURSEM ENTS.
Loaned on m o rtg a g e..................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s . . . .
D ividends paid on w ithdraw als, or applied on loa n s....................
Paid salaries and clerk-h ire...................................................................
P aid advertising, prin tin g and posta ge.............................................
Paid repairs to real esta te.....................................................................
P aid taxes, insurance, e t c .......................................................................
P aid banking department, exam ination .............................................
P aid banking department, assessm ent.................................................
State League du es.......................................................................................
L ig h t and w ater .......................................................................................
N ew books and sundry expenses...................
A ppraisal com mittees ..............................................................................
Furniture and fixtures .........................................................................
Cash on hand December 31, 1913........................................................




$22, 000
59, 015
1,656
1,299
91
50
192
22
7
5
45
136
8
53
3 ,065

00
10
11
50
25
71
63
00
33
00
40
67
00
08
11

$ 8 7 ,6 4 7 89

124

R eport

on

S avings

and

L oan A ssociations.

Plan, permanent. P ar value of shares, $100. Instalm ents are 10 cents
per week.
Shares in force Janu ary 1, 1913, 12,208; shares issued during the year,
4,822; shares w ithdraw n during the year, 2,717; shares in force, 14,313.
B orrow in g members, 48, holding 931 shares; non-borrow ing members, 1,051,
holdin g 13,382 shares. Fem ale shareholders, 649, holding 7,196 shares.
T ota l dividends credited members during th e yea r on instalm ent shares,
$2,546.28; rate, 4 per cent.
N o unpaid withdraw als. Entrance or membership fee, 10 cents per share.
O perating expenses, as defined in section 227 o f the Banking Law, incurred
and paid during the year, $1,638.90. Unpaid, none.
N o prem ium plan. Interest paid by borrow ing members, 6 per cent. N o
prem ium charged.
Loans have been made in E rie county, New Y ork State. L argest m ort­
gage loan outstanding, $7,000. M ortgages in force in New Y ork State,
$93,100. N o foreclosures during the year.

POLISH CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 615 F illm ore avenue, Buffalo, N. Y .
[Organized under Law of 1894.
Officers
President .
Secretary .
Treasurer .
Attorney ..

Commenced business 1909.]

Names.
ANTHONY S C H R E IB E R ....................
S. S. NOW ICKI........................................
S. LTPOWICZ .........................................
LEON J. NOWAK....................................

Post-office addresses
662 Fillm ore Avenue.
615 Fillm ore Avenue.
1199 Broadway.
801 Fillm ore Avenue.

ASSETS.
Loans on bond and m ortga ge.................................................................
Cash on hand and in b a n k .................................................................
Interest, premium, fees and fines due and u n p a id .........................

$85,205 00
10,650 05
253 25
$96, 108 30

LIABILITIES.
Due shareholders, instalm ent shares ...............................................
Due shareholders, savings shares ........................................................
D ividends credited ...................................................................................
Earnings undivided ...................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............
Unearned o r rebatable prem iu m ..........................................................

$37, 596
53,820
1,878
2, 369
400
44

00
15
06
46
00
63

$96, 108 30
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers...........................
Dues on savings shares ..........................................................................
M ortgages redeemed, foreclosed o r transferred to real esta te. .
Fees received ................................................................................................
Fines received ..............................................................................................
In terest received .......................................................................................
Prem ium received .....................................................................................
A llow ance on purchase of m ortg a g e .....................................................




$8 ,32 3
30,510
58, 466
7 ,0 0 0
284

36
75
48
00
00
24
4 ,1 0 5 81
18 00
500 00

$ 109,208 64

E rie County.

125

DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
P aid savings shares ........................................................................... ..
D ividends paid on w ithdraw al, or applied on loa n s......................
Gash dividends paid on income and accum ulative prepaid
shares ................................................................................................. .. . .
P aid salaries and clerk-hire ................................................................
P aid advertising, printing and posta ge............................................
P aid rent ......................................................................................................
P a id banking department, exam ination ..........................................
P a id banking departm ent, assessm ent...............................................
Cash on hand Decemlber 31, 1913.......................................................

$38,310
26,646
30, 499
928

00
75
53
98

1,469 08
366 00
205 74
107 50
20 00
501
10,650 05
$109,208 64

Plan, premanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 6,729; shares issued during the year,
8,990; shares w ithdraw n during the year, 5,197; shares in force, 10,522.
B orrow in g members, 6, holding ,21 shares; non-borrow ing members, 616, hold­
ing 10,501 shares. Female shareholders, 200, holding 2,464 shares. Total
dividends credited members during the year on instalm ent shares, $1,340.64;
rate, 4 % per cent. T ota l dividends credited or paid in cash to members
during the year on other shares, $1,469.08; rate, 4 per cent.
N o unpaid w ithdraw als. Entrance or membership fee, 25 cents per share.
O perating expenses, as defined in section 227 o f the Banking Law, incurred
and paid during the year, $679.24. Unpaid, none.
Prem ium plan, gross. Interest paid by borrow ing members, 6 per cent.
Prem ium paid by borrow ing members, $4 per share.
Loans have been made in E rie county, New Y ork State. Largest m ortgage
loan outstanding, $4,000; M ortgages in force in New Y ork State, $85,205.
N o foreclosures during the year.

RICHMOND AVENU E PERMANENT DIME SAVINGS AND LOAN
ASSOCIATION.
No. 69 G rant street, Buffalo, N. Y.
[Organized under Law of 1851.
Officeis.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
A t t o r n e y .....................

Commenced business 1890.]

Names.
JOHN D E L L IN G E R ..........................
CHARLES D. BIGELOW.................
O. G. LAR EAU.....................................
HARRY E. N E U S E ............................

Post-office addresses.
125 Grant Street.
790 E llicott Sq. Bldg.
69 Grant Street. ‘
Morgan Bldg.

ASSETS.
Cash cn hand and in b a n k .....................................................................
Furniture and fixtures .........................................................................

$245 98
85 00
$330 98

LIABILITIES.
Earnings undivided............................................................................
Salaries.............................................................................................................
Rent. . . ............................................




$220 98
60 00
50 00

$330 98

126

R eport

on

S avings

L oan A ssociations.

and

RECEIPTS.
Cash on hand January 1, 1913...............................................................
M ortgages redeemed, foreclosed or transferred to real esta te.

$28 48
225 DO
$253 48

DISBURSEM ENTS.
P aid banking departm ent, exam ination .............................................
Cash on hand, December 31, 1913........................................................

$7 50
245 98
$253 48

Plan, permanent. P a r value of shares, $100. Instalm ents are 10 cents
weekly.
Shares in force January 1, 1913, none; shares issued during the year, none;
shares w ithdraw n during the year, n one; shares in force, none.
N o unpaid withdraw als. O perating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, none. Unpaid, none.
Prem ium plan, gross. Interest paid b y b orrow in g members, 6 per cent.
Prem ium paid by borrow in g members, $4 per share on m ortgage loa n s; $2
per share on book loans.
M ortgage loans outstanding, none. N o foreclosures during the year.

RIVERSIDE CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
N o. 1911 N iagara street, Buffalo, N . Y .
[Organized under Law of 1894.
Officers.
P r e sid e n t.....................
Secretary ....................
Treasurer ...................
A ttorney .....................

Commenced business 1895.]

Names.
WILLIAM B R A N D T ................
FRANK M. RO ESSLER............
GEORGE D E H L IN G E R ..........
JOHN S. D RUAR.......................

Post-office addresses.
Grace and Tonawanda Sts.
27 Farmer Street.
4 H artmann Place.
Erie Co. Sav. Bank Bldg.

ASSETS
Loans on bond and m ortga ge.........................
Real e s t a t e ...........................................................
Cash on hand and in b a n k .............................
Furn itu re and fixtu res....................................
Advances for taxes, insurance, e t c .............

$94,750
10,699
15,771
424
84

00
96
57
82
10.

$121,730 45
L IA B IL IT IE S.
Due shareholders, instalm ent shares.................................................
Due shareholders, savings shares........................................................
D ividends credited ...................................................................................
D ue shareholders, matured shares.....................................................
Earnings undivided .............................................................................." .
.
Contingent fund (as per section 225 o f Banking L a w ) .............

$84,201
10,557
4 ,4 28
18,953
990
2 ,6 0 0

29
09
56
45
06
00

$121,730 45
RECEIPTS,
Cash on hand January 1, 1913...........................................................
Dues on instalm ent shares credited t o m em bers.............................
Dues on savings shares..............................................................................
M ortgages redeemed, foreclosed or transferred to real estate. .




$4,574
5 9,456
14, 871
11, 150

32
42
87
00

E rie C ounty.
Fees r e c e iv e d ................................................................................................
Interest received .......................................................................................
Prem ium received
..............................................................................
Rent received .............................................................................................
Advances repaid ........................................................................................
Rents credited to profit and lo s s ........................................................
Dues and dividends applied to real esta te...........................................

127
$48
4 ,7 6 5
1,316
595
253
211
69

00
49
11
00
96
27
74

$97,312 18
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid m atured shares ...............................................................................
Paid savings shares ................................................................................
P aid borrow ed money and prior m ortga ges......................................
Paid for real esta te.................................................................................
Paid salaries and clerk -h ire...................................................................
Paid advertising, printing and posta ge..........................................
P aid r e n t .......................................................................................................
Paid repairs to real esta te....................................................................
Paid taxes, insurance, e t c ......................................................................
P aid banking department, exam ination ............................................
Paid banking departm ent, assessm ent...............................................
Officers’ bonds ...........................................................................................
Advances for taxes, insurance, e t c .....................................................
Rents charged to real estate................................................................
A ppraisals .....................................................................................................
L igh t and heat ...........................................................................................
Cleaning office ............................................................................................
Furniture and fixtures ............................................................................
W a t e r ..............................................................................................................
Cash on hand December 31, 1913.......................................................

$17,8 0 0
38,514
7, 500
9 ,9 78
3, 000
2 ,8 15
955
48
10
160
112
20
8
26
225
211
51
23
39
25
13
15,771

00
72
00
87
00
92
25
84
00
84
79
00
14
00
69
27
00
23
10
90
05
57

$97,312 18

Plan, permanent. Par value o f shares, $100. Instalm ents are 12% cents
and 25 cents weekly.
Shares in force January 1, 1913, 4,539; shares issued during the year,
2,467; shares withdrawn during the year, 6 15; shares in force, 6,391. B or­
row ing members, 75, holding 946 shares; non-borrow ing members, 843, holding
5,445 shares. No record of female shareholders. T otal dividends credited
members during the year on instalm ent shares, $4,192.35; rate, 5 per cent.
T otal dividends credited or paid in cash to members during the year on other
shares, $236.25; rate, 4 per cent. Total dividends forfeited by w ithdraw ing
members during the year, $87.12.
No unpaid withdraw als.
Am ount of shares m atured during the year,
$11,253.45. Operating expenses, as defined in section 227 o f the Banking
Law, incurred and paid during the year, $1,153.42. Unpaid, none.
Premium plan, instalment. Interest paid by borrow ing members, 5 1/5
per cent, and 6 per cent. Prem ium paid by. borrow ing members, 3 cents per
share per week.
Loans have been made in Erie county, New Y ork State. Largest m ortgage
loan outstanding, $5,300. M ortgages in force in New Y ork State, $94,750.
One foreclosure during the year.




128

R eport

on

S ayings

and

L oan A ssociations.

SECURITY SAVINGS AND LOAN ASSOCIATION OF BUFFALO, N. Y.
19 East Genesee street, Buffalo, X . Y.
[Organized under Law of 1910.

T r e a su r e r ....................
A t to r n e y ......................

Commenced business 1912.]

EDWARD W. K U H N ................
JO SEPH A. W ECHTER.........

Manf. and Traders’ N at Bk.
809 Chamber of Commerce.

ASSETS.

Loans on bond and m ortg a g e ..............................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtures ...................................................................

$35,930 00
129 41
60 70
$36, 120 11

LIA B IL IT IE S.
Due shareholders, instalm ent shares.................................................
Balance to be paid borrow ers on m ortgage lo a n s .........................
Earnings undivided ................................................................................
Unearned or rebatable p r e m iu m .. . . : ...............................................
P rofit and loss ...........................................................................................

$34,022
1,000
906
130
60

55
0O
86
00
70

$36, 120 11
REC EIPTS.
Cash on hand January 1, 1913.............................................................
Dues on instalment shares credited to m em bers............................
Fees received ..............................................................................................
Fines received ..................................................................
Interest received .......................................................................................
Prem ium received .....................................................................................

$4,965
33,471
341
23
773
306

42
55
90
79
46
85

$39,882 97
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
Paid" salaries and clerk-h ire...................................................................
P aid advertising, printing and p o sta g e.............................................
Paid banking department, exa m in a tion .............................................
P aid banking department, assessm ent...................... ..........................
Officers’ bonds ............................................................................................
In corporating expenses ...........................................................................
Sign perm it .................................................................................................
Safe deposit vau lt ....................................................................................
Fu rn itu re and fixtures .............
Cash on hand December 31, 1913........................................................

$34, 930
4 ,3 8 3
50
234
13
64
31
1
10
35
129

00
25
00
37
50
40
00
34
00
00
70
41

$39,882 97

P la n , permanent. P a r value of shares, $130. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 1,521; shares issued during the year,
2,359; shares w ithdraw n during the year, 526; shares in force, 3,354. B or­
row ing members, 15, holding 221 shares; non-borrow ing members, 321, hold­
ing 3,133 shares. Female shareholders, 81, holding 586 shares.
X o unpaid withdraw als. Entrance or membershop fee, 10 cents per'share.




129

E rie C ounty.

O perating expenses, as defined in section 227 of the Banking Law , incurred
and paid during the year, $360.11. Unpaid, none.
Prem ium plan, instalment. Interest paid by borrow ing members, 6 per
cent. Prem ium paid by borrow ing members, 5 cents per share per week.
Loans have been made in E rie county, New Y ork state. Largest m ortgage
loan outstanding, $6,000. M ortgages in force in New Y ork State, $34,930.
N o foreclosures during the year.

SYCAMORE AND JOHNSON SAVINGS AND LOAN ASSOCIATION.
No. 621 Sycam ore street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers
P r e sid e n t.....................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1888.]

Names.
WILLIAM GERLACH .
GEORGE H. GEBAUER
OTTO M A Y E R ................
WM. O. W EIMAR..............

Post-office addresses
159 Johnson Street.
158 Johnson Street.
609 Sycamore Street.
455 Monroe Street.

ASSETS.
Loans on bond and m ortgage
Cash on hand and in b a n k ..

$44,070 00
7,538 28
$51,608 28
LIA BILITIES.

Due shareholders, instalm ent shares.................................................
D ividends credited ..................................................................................
Earnings undivided ................................................................................
Contingent fund (as per section 225 of Banking L a w ) ...........

$48,677
1,824
475
631

00
46
05
77

$51,608 28
RECEIPTS.
Cash on hand January 1, 1913............................................................
D u es on in sta lm e n t sh ares cred ited to m em b er s...............................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Fees received .............................................................................................
In terest received ......................................................................................

$8, 151
2 4 ,3 1 4
4,'030
344
1,853

29
00
00
50
92

$38,693 71
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on l o a n s ...
D ividends paid on w ithdraw al, or applied on loa n s....................
P aid salaries and clerk-h ire................................................................
P aid advertising, printing and postage ........................................
P aid rent ......................................................................................................
Paid banking department, exam ination ..........................................
Paid banking department, assessm ent............................................
Officers’ bonds ...........................................................................................
Cash on hand December 31, 1913.......................................................

$7,670 00
2 0 ,97 4 25
1,647 32
733 25
41 20
49 50
20 00
391
16 00
7,5 38 28
$38,693 71

Plan, permanent. P ar value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 1,678; shares issued du rin g th e year,

ft




130

R eport

ox

S avings

and

L oan A ssociations.

1,378; shares w ithdraw n during the year, 1,176; shares in force, 1,880.
B orrow in g members, 53, holding 339 shares; non-borrow ing members, 263,
holding 1,541 shares. Fem ale shareholders, 144, holding 670 shares. Total
dividends credited members during the year on instalm ent shares, $1,163.38;
rate, 4 per cent.
N o unpaid w ithdraw als. Entrance or membership fee, 25 cents per share.
O perating expenses, as defined in section 227 of the Banking Law , incurred
and paid during the year, $839.95. U npaid, none.
N o premium plan. Interest paid by borrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in E rie county, New Y ork State. Largest m ortgage
loan outstanding, $3,900. M ortgages in force in New Y ork State, $44,070.
N o foreclosures during the year.

W IL L IA M A N D SH E R M A N M U T U A L SA V IN G S AN D LOAN
ASSO CIA TIO N .
N o. 592 W illia m street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers.
P r e sid e n t.....................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1882.]

Names.
GUSTAV K O C H ..................................
HENRY G E G E R .................................
THEO. KUNZ ......................................
H. W. B R E N D E L .................................

Post-office addresses
624 W illiam Street.
114 Roehrer Avenue.
38 Goembel Avenue.
706 M utual Life Bldg.

ASSETS.
$9, 000 00
6, 422 41
48 00

Loans on bond and m ortgage
Cash on hand and in b a n k . .
Furniture and fixtu res...........

$15, 470 41
LIABILITIES.
Due shareholders, instalm ent shares....................................
D ividends c r e d ite d .......................................................................
Earnings u n d iv id e d .....................................................................
Contingent fund (as per section 225 of Banking L aw )
Unearned or rebatable prem iu m .............................................

$13,238
1, 081
791
330
30

00
34
07
00
OO

$15,470 41
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalment shares credited to m em bers...........................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees r e c e iv e d ..................................................................................................
Interest received .........................................................................................

$8,306
7, 097
200
96
703

86
25
00
00
14

$16, 403 25
DISBURSEM ENTS.
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s . . .
D ividends paid on w ithdraw al, o r applied on lo a n s ....................
P aid salaries and clerk -h ire...................................................................
P aid r e n t ............................................ •• ••...................................................
P aid banking departm ent, exam ination .............................................
P aid banking departm ent, assessm ent.................................................
Cash on hand December 31, 1913..........................................................




$9,157
570
233
6
13
1
6, 422

00
13
00
00
30
41
41

$16, 403 25

131

E rie C ounty.

Plan, permanent. Par value of shares, $100. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 574; shares issued during the year, 384;
shares w ithdraw n during the year, 4 24; shares in force, 534. B orrow ing
members, 6, holding 67 shares; non-borrow ing members, 901 holding 467 shares.
,
Fem ale shareholders, 32, holding 230 shares. T otal dividends credited mem­
bers during the year on instalm ent shares, $561.25; rate, 4 per cent.
N o unpaid withdraw als. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 o f the Banking Law, incurred and
paid during the year, $239. Unpaid, none.
Prem ium plan, gross. Interest paid by borrow ing members, 6 per cent.
Prem ium paid by borrow ing members, 2 % per cent.
Loans have been made in Erie county, New Y ork State. Largest m ortgage
loan outstanding, $2,500. M ortgages in force in New Y ork State, $9,000. N o
foreclosures during the year.

WILLIAM STREET PERMANENT SAVINGS AND LOAN ASSOCIATION.
No. 291 W illia m street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers.
President
SecretaryTreasurer
Attorney

Commenced business 1879.]

Names.
JOSEPH B. M ILLER ..............
FRANK R. RUCKDESCHEL.
RUDOLPH GUNOLD ..............
FRANK R. RUCKDESCHEL.

Post-office addresses.
259 Northampton Street.
59 W alnut Street.
600 Goodyear Avenue.
73 W est Eagle Street.

ASSETS.

Loans on bond and m ortg a g e ................................................................
Cash on hand and in b a n k .....................................................................

$26,572 50
10,694 26
$37,266 76

LIA BILITIES.
Due shareholders, instalm ent shares...................................................
Dividends c r e d ite d ......................................................................................
Earnings u n d iv id e d ....................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............
Unearned or rebatable prem iu m ............................................................

$30,172
2, 661
L 902
1,500
1 ,029

75
86
65
00
50

$37,266 76
RECEIPTS.
Cash on hand January 1, 1913................................................................
Dues on instalment shares credited to m em bers...............................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Fees received ...............................................................
Interest r e c e iv e d .........................................................................................
Premium re ce iv e d ........................................................................................

$1L 677 51
14, 682 25
536 25
154 75
1,491 77
384 25
$28,926 78

DISBURSEM ENTS.
Loaned on m o r tg a g e ..................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loa n s. . . .
P aid m atured shares................................. •..............................................
Dividends paid on w ithdraw al, or applied on lo a n s ......................
P aid salaries and clerk -h ire..................................................................
P aid advertising, printing and posta ge............................................
Paid r e n t ............................................ ••......................................................
P aid banking department, exam ination ...............................................




$5,684
6,597
4, 960
578
318
1
35
13

25
50
70
50
00
25
00
30

132

R epoet- ox S avings

and

L oan A ssociations.

P a id banking departm ent, assessm ent.................................................
Officers’ bonds ..............................................................................................
Books, table, etc.............................................................................................
Cash on hand December 31, 1913..........................................................

$2
8
33
10,694

66
00
36
zo

$28,926 78
P lan , permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 1,022; shares issued during the year, 619;
shares w ithdraw n during the year, 4 88; shares in force, 1,153. B orrow ing
members, 27, holding 258 shares; non-borrow ing members, 168, holding 895
shares. Female shareholders, 85, holding 443 shares. Total dividends credited
members during the year on instalm ent shares, $1,375.75; rate, 6 per cent.
N o unpaid w ithdrawals. A m ount of shares matured during the year,
$4,960.70. Entrance or membership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $395.61. Unpaid, none.
Prem ium plan, gross. Interest paid by borrow ing members, 6 per cent.
Prem ium paid by borrow ing members, $7.25 per share.
Loans have been made in Erie county, New Y ork State. Largest m ortgage
loan outstanding, $2,466.75. M ortgages in force in New Y ork State, $26,572.50. N o foreclosures during the year.

WILLIAMSVILLE SAVINGS AND LOAN ASSOCIATION.
P ost Office Building, W illiam sville, N. Y .
[Organized under Law of 1910.
Officers.
P r e s id e n t .....................
S e c r e ta r y .....................
T r e a su r e r ....................
A t to r n e y .......................

Commenced business 1913]

Names.
WILLIAM J. JEN K IN S.
HOWAED G. BRITTING
WALTER S. BIGELOW.
H. B. B U T T E R F IE L D ...

Post-office addresses.
W illiam sville, N. Y.
W iliiam sville, N. Y.
W illiam sville. N. Y.
Buffalo, N. Y.

ASSETS.
$175 00
1,283 23
1 67

Loans on shares....................
Cash on hand and in bank
P ro fit and lo s s ......................

$1,459 90
LIA B IL IT IE S.
D ue shareholders, instalm ent shares...................................................
A ccou nts not du e.........................................................................................

$ 1,438 40
21 50
$1,459 90

RECEIPTS.
D ues on instalm ent shares credited to m em bers.............................
Loans on shares re p a id ............................................................................
Fees received ................................................................................................
Fines received .............................................................................................
Interest received .........................................................................................
Contributions by d irectors.......................................................................




$1, 511
50
87
1

40
00
00
70
25
70 00

$ 1 ,72 0 35

133

F ranklin C ounty .
DISBURSEM ENTS.
Loaned on shares ...............................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s . . .
P a id advertising, printing and p osta ge............................................
O rganization expenses ..............................................................................
Signs ...............................................................................................................
Cash on hand December 31, 1913..........................................................

$225
73
120
3
15
1,283

00
00
92
20
00
23

$1, 720 35
Plan, permanent. P ar value of shares, $100. Instalm ents are 20 cents
weekly.
Shares issued during the year, 451; shares w ithdraw n during the year,
none; shares in force, 451'. B orrow ing members, 2, holding 60 shares; non­
borrow ing members, 44, holding 391 shares. Fem ale shareholders, 6, holding
36 shares.
N o unpaid withdraw als. Entrance or membership fee, 20 cents per share.
Operating expenses, as defined in section 227 o f the Banking Law, incurred
and paid during the year, $139.12. Operating expenses, as defined in sec­
tion 227 o f the Banking Law, incurred during the vear and rem aining unpaid,
$21.50.
Prem ium plan, instalment. Interest paid by borrow ing members, 6 per
cent. Prem ium paid by borrow ing members, 3 cents per share per week.
Loans have been made in E rie county, New Y ork State. N o m ortgage loans
outstanding.

F R A N K L IN C O U N T Y .

SARANAC LAKE CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
N o. 79 Main street, Saranac Lake, N. Y .
[Organized under Law of 1894.
Officers.
P r e s i d e n t ......................

Secretary ....................
Treasurer ..................
A t t o r n e y ___ : ...........

Commenced business 1899.]

Names.
W I L L I A M .T. C A L L A N A N

W. E. JOHNSON ............
EUCLID C. P IN E ..............
HERBERT P. C O A T S ...

Post-office addresses.
Saranac Lake, N. Y.
Saranac Lake, N. Y.
Saranac Lake, N. Y.
Saranac Lake, N. Y.

ASSETS.
Loans on bond and m ortgage
Loans on shares......................
Cash on hand and in bank.

$87,275 00
7 ,2 80 00
978 53
$95,533 53
LIA B IL IT IE S.

D ue shareholders, instalm ent shares.................................................
D ividends credited .....................................................................................
Borrow ed m o n e y .........................................................................................
Earnings undivided ..................................................................................
Contingent fun d (as per section 225 o f Banking L a w ) ...........

$75. 672
15.764
1,000
1,573
1,523

00
38
00
16
99

$95,533 53
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalment shares credited to m em bers.............................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..




$524
20, 535
1.600
2. 700

11
00
00
00

134

R eport

ox

S avings

and

L oan A ssociations.

Loans on sharesre p a id ...............................................................................
Fees reeeived ................................................................................................
Fines received ..............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
Reverted dividends .....................................................................................

$1,914
108
3
4, 170
1, 194
89

00
25
55
64
07
21

$32,838
DISBURSEM ENTS.
.........
Loaned on m ortga ge...................................................................................
$11, 350
Loaned on shares ......................
1 ,9 1 9
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
6 ,6 14
P aid m atured shares..................................................................................
5 ,9 0 8
4 ,0 0 8
D ividends paid on w ithdraw al, or applied on lo a n s ........................
P aid borrow ed money and p rior m ortga ges....................................
1 ,8 00
P a id salaries and clerk-h ire.....................................................................
150
P a id advertising, printing and p osta ge.............................................
14
P aid banking departm ent, exam in ation .............................................
23
P a id banking departm ent, assessm ent...............................................
7
State League du es.......................................................................................
5
R ecording m ortgage t a x ............................................................................
51
Safe deposit b o x ............................................................................................
10
Cash on hand December 31, 1913........................................................
978

83
00
00
00
00
38
OO
00
55
00
12
0u
25
00
53

$32,838 83
P lan, serial. P ar value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 1,567; shares issued during the year, 416;
shares w ithdrawn during the year, 201; shares in force, 1,782. B orrow in g
members, 76, holding 605 shares; non-borrow ing members, 184, holding 1,177
shares. Female shareholders, 119, holding 740 shares. T otal dividends
credited members during the year on instalm ent shares, $4,967.96; rate, 6
per cent. T otal dividends forfeited by w ith draw in g members during the
year, $89.21.
N o unpaid withdraw als. A m oun t of shares m atured during the year, $8,410.
Entrance or membership fee, 25 cents per share. O perating expenses, as
defined in section 227 of the B anking Law , incurred and paid during the
year, $179.55. Unpaid, none.
Prem ium plan, prem ium -interest. Interest paid by borrow in g members,
75 cents per share per month. Prem ium paid by borrow ing members, 25 cents
per share per month.
Loans have been made in Essex and Franklin counties, New Y ork State.
Largest m ortgage loan outstanding, $7,000. M ortgages in force in New Y ork
State, $87,275. N o foreclosures during the year.

G EN ESEE C O U N T Y .

GENESEE COUNTY LOAN ASSOCIATION.
N o. 112 M ain street, Batavia, N. Y .
[O rgan ized un der L a w o f 1 8 5 1 .
Officers.

President ....................
S e c r e ta r y .....................
T r e a su r e r ....................
A ttorney .....................

C om m enced bu sin ess 1 8 7 9 .]

N am es.

Post-office ad dresses.

O. S. GRISWOLD..................................................
W. G. POLLARD...................................................
JOHN W. P R A T T ..................................................
S. E. NO RTH ..........................................................

B atavia,
B atavia.
B atavia,
B atavia,

N.
N.
N.
N.

Y.
Y.
Y.
Y.

ASSETS.
Loans on bond and m ortgage
Loans on shares .......................




$469,294 32
14,360 00

G enesee C ounty .
Stocks and bonds .......................................................................................
Keal e s t a t e ....................................................................................................
Cash on hand and in ba n k .....................................................................

135
$10, 000 00
8, 000 00
13,669 37
$515,323 69

L IA BILITIES.
Due shareholders, instalm ent shares .................................................
Due shareholders, savings shares........................................................
D ividends credited ............... ....................................................................
Balance to be paid borrowers on m ortgage loa n s...........................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of B anking L a w ) .............
Unpaid salaries ...........................................................................................

$170,916
272,551
37, 662
5 ,875
8, 138
20,000
180

50
21
34
00
64
00
00

$515, 323 69
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalm ent shares credited to m em bers...........................
Dues on savings shares .........................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares r e p a i d ............................................................................
Fees received ................................................................................................
Fines received .............................................................................................
Interest r e c e iv e d .............................................................. ..........................
Rent r e c e iv e d ...............................................................................................
Reverted dividends ....................................................................................

$17,378
89, 170
189,601
65,521
11, 644
7

29
25
06
73
00
50
30
26, 931 20
340 00
246 94

$400,841 27
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ...
P aid m atured shares ................................................................................
P a id savings shares....................................................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
P a id borrow ed money and p rior m ortga ges......................................
P a id salaries and clerk-hire.....................................................................
P aid advertising, printing and posta ge...............................................
P aid repairs to real esta te.......................................................................
P aid taxes, insurance,. e t c .....................................................................
P a id banking department, exam ination ..........................................
P a id banking department, a s se s s m e n t...............................................
H eat and lig h t ..........................................................................................
S u p p lie s ..........................................................................................................
Cash on hand December 31, 1913........................................................

$106,660
9 ,1 7 2
59,005
104, 289
94.625
6, 103
2, 500
3 ,2 43
349
39
642
43
38
162
295
13,669

00
00
75
73
21
41
00
00
95
90
91
00
75
63
66
37

$400,841 27
Plan, permanent. P a r value o f shares, $125. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 7,259; shares issued during the year,
5,493; shares w ithdraw n during the year, 5,239; shares in force, 7,513. B or­
row ing members, 110, holding 1,082 shares; non-Jborrowing members, 1,871,
holding 6,431 shares. Fem ale shareholders, 906, holding 2,246 shares. T otal
dividends credited members during the year on instalm ent shares, $8,312.67;
rate, 5 per cent. T ota l dividends credited or paid in cash to members during
the year on other shares, $10,337.48; rate, 4 per cent. T otal dividends for­
feited by w ithdraw ing members during the year, $246.94.




136

R eport

on

S ayings

and

L oan A ssociations.

N o unpaid w ithdraw als. A m oun t o f shares m atured during the year,
$15,419.72. Entrance or mem bership fee, 25 cents per member. O perating
expenses, as defined in section 227 of the B anking Law, incurred and paid
durin g the year, $4,051.24. O perating expenses, as defined in section 227 of
the Banking Law, incurred during the year and rem aining unpaid, $180.
N o premium plan. In terest paid b y b orrow in g members, 5 per cent., 5^j
per cent, and 6 per cent. N o prem ium charged.
Loans have been made in Genesee county, N ew Y ork State. L argest m ort­
gage loan outstanding, $17,000. M ortgages in force in N ew Y ork State,
$469,294.32. N o foreclosures during the year.

GREENE COU NTY.

CATSKILL SAVINGS AND LOAN ASSOCIATION.
No. 375 M ain street, Catskill, N. Y .
[Organized under Law of 1851.
Officers
President .
Secretary .
Treasurer
A ttorney .

Commenced business 1889.]

Names.
Post-office addresses.
PERCIVAL GOLDIN ..........................................
Catskill, N. Y.
THOMAS E. JO N E S............................................
Catskill, N. Y.
P. GARDNER C O FFIN ........................................ Catskill, N. Y.
WILLIAM W. B E N N E T T ...................................
Catskill, N. Y.

ASSETS.
Loans on bonds and m o r t g a g e .,..........................................................
Loans on shares .........................................................................................
Stocks and bonds .......................................................................................
Cash on hand and in b a n k ........................................................................
F u rn itu re and fixtures ............................................................................
Interest, premium, fees and fines due and u n p a id .........................
A ccrued interest ........... ..............................................................................

$123,775
6, 236
16,895
5, 387
291
63
1,011

00
39
00
10
51
13
59

$153,659 72
LIA BILITIES.
Due shareholders, instalm ent sh a res...................................................
Due shareholders, savings shares..........................................................
D ue shareholders, income shares..........................................................
D ividends credited .....................................................................................
Earnings tindivided ................................................................... ...............
C ontingent fund (as per section 225 of B anking L a w ) .............
In divid u a l account .....................................................................................
RECEIPTS.
Cash on hand Janu ary 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on savings shares ..........................................................................
D ues o n incom e shares..............................................................................
M on ey borrow ed .........................................................................................
M ortgages redeemed, foreclosed or tran sferred to real e s ta te ..
Loans on shares repaid ..........................................................................
Fines received ..............................................................................................
In terest received ................; .......................................................................
Prem ium received .......................................................................................
R everted dividends .....................................................................................
In divid ual a c c o u n t .....................................................................................




$ 59,797
60,245
15,250
13, 687
3, 111
1 ,530
37
—:

71
93
00
41
40
00
27

$153,659 72
■ ~—r~._
'
$ 1,867
15, 136
27 ,66 9
1, 600
10, 400
15,050
2, 851
59
6 ,8 99
989
78
745

53
35
81
00
00
00
35
36
78
74
30
27

$83,347 49

H erkimer C ounty .
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on l o a n s ...
P aid m atured shares ................................................................................
P aid savings shares ..................................................................................
P a id income shares ..................................................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
P aid borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and prior m ortga ges..............
P aid salaries and clerk -h ire.....................................................................
P a id advertising, prin tin g and posta ge...............................................
P a id rent ......................................................................................................
P aid banking department, assessm ent...............................................
State League dues ....................................................................................
Interest on m ortgage assum ed..............................................................
In dividual account ....................................................................................
Gas ...................................................................................................................
Safe deposit box .........................................................................................
Com mittee expenses ..................................................................................
Sundries ........................................................................................................
Cash on hand December 31, 1913............................................................

137
$28, 850
1,740
7,637
16, 886
7 ,0 8 3
1,100
2 ,3 7 5
10,400
68
500
136
125
11
5
308
700
6
4
5
16
5, 387

00
00
55
49
27
00
01
00
91
00
04
00
20
50
40
00
65
00
45
92
10

$83,347 49
Plan, permanent. Par value o f shares. Classes A, B, C and E, $100; Class
D, $200; Income, $100. Instalm ents are Classes A and D, $ 1 ; Class B, 50
cents, and Class C, 35 cents monthly.
Shares in force January 1, 1913, 3,724 8 /1 0 ; shares issued during the year,
8 25; shares w ithdraw n during the year, 471 3 /1 0 ; shares in force, 4,078*4.
B orrow in g members, 80, holding 1,060 shares; non-borrow ing members, 208,
holding 3,018% shares. Female shareholders, 103, holding 1,307*4 shares.
T ota l dividends credited members during the year on instalm ent shares,
$2,978.69; rate, 5 per cent. Total dividends credited o r paid in cash to
members during the year on other shares, $2,773.25; rate, 4 per cent. T otal
dividends forfeited by w ithdraw ing members during the year, $78.30.
N o unpaid w ithdraw als. A m ount o f shares m atured du rin g the year,
$16,886.49. O perating expenses, as defined in section 227 o f the Banking
Law, incurred and paid during the year, $799.56. Unpaid, none.
N o prem ium plan. Interest paid by borrow ing members, 4 % per cent., 4*4
per cent., 5*4 per cent., and 6 per cent. No prem ium charged.
Loans have been made in Greene and K in gs counties, New Y ork State.
Largest m ortgage loan outstanding, $5,000. M ortgages in force in New Y ork
State, $123,775. N o foreclosures during the year.

H E R K IM E R C O U N T Y .

FRANKFORT SAVINGS AND LOAN ASSOCIATION.
N o. 40 Litchfield street, F ran kfort, N. Y.
[Organized under the Law of 1910.
Officers.
P resid en t................................
Secretary................................
Treasurer................................
A ttorn ey..................................




Commenced business 1912.]

Names.
Post-office addresses.
SEYMOUR S. RICHARDS......................
Frankfort N. Y.
H. SEYMOUR GETMAN......................... Frankfort N. Y.
GEORGE S. A LL EN ................................ Frankfort N. Y.
WILLIAM E. FARRELL......................... Frankfort N. Y.

138

R eport

on

S avings

and

L oan A ssociations.

ASSETS.
Loans on bond and m ortg a g e...................................................................
Cash on hand and in b a n k ........................................................................

$28, 625 00
343 62
$28,968 62

LIA B IL IT IE S.
D ue shareholders, instalm ent shares....................................................
D ividends credited .....................................................................................
B orrow ed money .......................................................................................
E arnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) .................

$21,7 1 4
649
5 ,8 5 0
582
172

23
74
00
47
18

$28,968 62
R EC EIPTS.
Cash on hand January 1, 1913...............................................................
Dues on instalm ent shares credited to m em bers.............................
M oney borrow ed ....................................................................................... .
M ortgages redeemed, foreclosed o r transferred to real e s ta te ..
Fees received ................................................................................................
Fines received ..................................................................................................
Interest received .........................................................................................

$1,597
2 3,266
5, 850
4 ,0 0 0
107
31
1,230

04
65
00
00
30
82
67

$36,083 48
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
In stalm en t dues repaid on w ithdraw al, or applied on lo a n s ..
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and prior m ortga ges................
P a id salaries and c le r k -h ir e ...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id rent .......................................................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessment ...............................................
Cash on hand December 31, 1913........................................................

$19, 325
11,757
49
4, 300
98
125
52
10
21
1
343

00
92
05
00
27
00
42
00
00
20
62

$36, 083 48

Plan, serial. P a r value o f shares, $100. Instalm ents are 10 cents and 25
cents weekly.
Shares in force January 1, 1913, 1,360; shares issued durin g the year,
1,073; shares w ithdraw n during the year, 426; shares in force, 2,007. B or­
row in g members, 28, holding 340 shares; non-borrow ing members, 218, holdin g
1,667 shares. Fem ale shareholders, 64, h oldin g 335 shares. T ota l dividends
credited members during the year on instalm ent shares, $594.51; rate, 6 per
cent.
N o unpaid w ithdraw als. Entrance or membership fee, 10 cents per share.
O perating expenses, as defined in section 227 o f the Banking Law , incurred
and paid during the year, $187.42. Unpaid, none.
Prem ium plan, instalm ent. Interest paid b y borrow in g members, 10 cents
per share. Prem ium paid by b orrow in g members, 2 cents per share.
Loans have been made in H erkim er county, N ew Y ork State. Largest
m ortgage loan outstanding, $2,500. M ortgages in force in New Y ork State,
$28,625. N o foreclosures during the year.




139

H erkimer C ounty .

HERKIMER CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 147 North Main street, Herkimer, N. Y .
[Organized under Law o f 1894.
Officers
President ....................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1898.]

Names.
Post-office addresses.
CHARLES S T E W A R T ................................... Herkimer, N. Y.
CLARENCE B. ROOT.....................................
Herkimer, N. Y.
CLARENCE A. McCREERY.......................... Herkimer, N. Y.
JAMES H. FAG AN.......................................... Herkimer, N. Y.

ASSETS.
Loans on bond and m ortga ge................................................................
Loans on shares .........................................................................................
Cash on hand and in b a n k .....................................................................

$67, 200 00
470 00
3 ,010 60
$70,680 60

LIABILITIES.
Due shareholders, instalm ent shares .................................................
Due shareholders, savings shares .......................................................
Due shareholders, accum ulative prepaid shares.............................
D ividends credited ....................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ................

$60,036
510
3 ,750
4 ,2 82
1, 385
716

16
00
00
88
06
50

$70,680 60
RECEIPTS.
Cash on hand January 1, 1913.........................................
Dues on instalment shares credited to m em bers...............................
Dues on savings shares ...........................................................................
Dues on accum ulative prepaid shares ...............................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares rep aid ...........................................................................
Fees received ...............................................................................................
F in e s received .....................................................................................................
Interest received ......................................................................................
Reverted d iv id e n d s ....................................................................................

$157
4 2,046
110
900
3 ,2 00
7 ,300
953
I ll
35
3,205
51

07
17
00
00
00
00
00
20
93
14
40

$58,069 91
DISBURSEM ENTS.
Loaned on m o r t g a g e ..................................................................................
Loaned on shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loa n s. .
P aid accum ulative prepaid shares........................................................
D ividends paid on w ithdraw al, or applied on loa n s...................
P aid borrow ed money and prior m ortgages......................................
P a id interest on borrowed money and prior m ortgages..............
Paid salaries and clerk-hire .................................................................
P a id advertising, printing and posta ge...............................................
P aid rent ......................................................................................................
P aid banking department, exam ination ........................ ...................
P aid banking department, a s se s s m e n t...............................................
State League dues ....................................................................................
A ttorn ey ...................................................................................................
A p p ra isers..,................................................................................................
Pass books ....................................................................................................
Cash on hand December 31, 1913..........................................................




$17, 900
650
32,205
150
397
3,2 00
12
400
14
5
21
4
5
4
7
82
3 ,0 10

00
00
27
00
73
00
33
00
44
00
00
63
00
25
00
66
60

$58,069 91

140

R eport

ox

S avings

and

L oan A ssociations.

Plan, permanent. Par value of shares, $100. Instalm ents are 15 cents
weekly.
Shares in force Janu ary 1, 1913, 4,663; shares issued during the year,
2,184; shares w ithdraw n during the year, 1,170; shares in force, 5,677.
B orrow in g members, 50, holding 731 shares; non-borrow ing members, 371,
holding 4,946 shares. Fem ale shareholders, 143, holding 1,650 shares. Total
dividends credited members during the year on instalm ent shares, $2,217.37;
rate 5 per cent. T otal dividends credited or paid in cash to members during
the year on other shares, $170.03; rate, 5 4 /1 0 per cent. T ota l dividends
forfeited by w ithdraw ing members during the year, $51.40.
N o unpaid w ithdraw als. A m oun t o f shares matured during the year,
$1,000. Entrance or membership fee, 5 cents per share. O perating expenses,
as defined in section 227 of the Banking Law , incurred and paid during the
year, $518,35. Unpaid, none.
N o premium plan. Interest paid by borrow in g members, 5 Ys per cent, on
m ortgage lo a n s ; 6 per cent, on share loans. N o prem ium charged.
Loans have been made in H erkim er •county, New Y ork State. Largest
m ortgage loan outstanding, $3,700. M ortgages in force in New Y ork State,
$67,200. N o foreclosures during the year.

ILION PERMANENT SAVING, BUILDING AND LOAN ASSOCIATION.
No. 10 E ast M ain street, Ilion , N. Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ...................
Attorney .....................

Commenced business 1888.]

Names.
Post-office addresses.
S. T. R U SSE L L ..........................................................
Ilion, N. Y.
W. H. GRIM SHAW .................................................
Ilion. N. Y.
JOHN A. G IB L IN ...................................................... Ilion, N. Y.
JAMES CONKLING .................................................
Ilion, N. Y.

ASSETS.
Loans on bond and m ortg a g e...............................................................
Stocks and" bonds .....................................................................................
R eal estate ; ...............................................................................................
Cash on hand and in b a n k ....................................................................
Furniture and fixtures ..........................................................................
Interest a c c r u e d .........................................................................................

$553,402
15, 000
7, 000
19,505
323
747

97
00
00
41
76
38

$595,979 52
L IA B IL IT IE S.

■

D ue shareholders, instalm ent shares.................................................
Earnings undivided ...................................... .........................................
Contingent fund (as per section 225 o f Banking L a w ) ...........
Unearned or rebatable p rem iu m ........................................................

RECEIPTS.

$563, 820
9, 381
9 ,9 95
12,782

$595,979 52
= ^ = = r =

Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.........................
M ortgages redeemed, foreclosed or transferred to real estate.
Fees received ..............................................................................................
Fines received ...........................................................................................
Interest received ......................................................................................
Prem ium received ....................................................................................
R en t received ...........................................................................................
Ilio n school b o n d ...................................... : ..............................................




06
61
25
60

$21,684
269, 234
84, 310
403
188
2 6 ,58 0
5 ,3 1 0
450
1 ,500

01
82
00
50
21
37
00
00
00

$ 4 0 9 ,6 6 0 91

141

H erkimer C ounty .
DISBURSEM ENTS.

$118,510
Loaned on m ortgage ...........................* .................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
265,234
P a id salaries and clerk -h ire................................................................
1,968
P aid advertising, printing and posta ge..........................................
143
P a id rent ....................................................................................................
220
P aid repairs to real esta te....................................................................
1,836
P a id taxes, insurance, e t c .....................................................................
397
P aid banking department, exam in ation ..........................................
55
P aid banking department, assessm ent............................................
45
Officers’ bonds ..........................................................................................
24
State League dues and expenses..........................................................
55
Kebates on prem ium s ..............................................................................................948
Express charges ......................................................................................
10
E lectric fan ...............................................................................................
18
A u ditors ........................................................................................................
40
W atchm an .....................................................................................................
25
Legal services ...........................................................................................
27
Satisfyin g m ortgages ...............................................................
50
M ortgage t a x ...............................................................................................
541
I n s u r a n c e .......................................................................................................
4
Cash on hand December 31, 1913.......................................................
19,505

00
70
30
89
00
35
31
50
52
00
75
11
00
00
OO
00
07
25
00
75
41

$409,660 91
Plan, permanent. P ar value of shares, $105. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 20,022; shares issued during the year,
3,949; shares withdrawn during the year, 3,185; shares in force, 20,786.
B orrow ing members, 372, holding 4,995 shares; non-borrow ing members,
1,488, holding 15,791 shares. Fem ale shareholders, 732, holding 6,413 shares.
Total dividends credited members during the year on instalm ent shares,
$23,738.24; rate, 5 per cent. Total dividends forfeited by w ithdraw ing mem­
bers during the year, $4.37.
N o unpaid withdraw als. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $2,504.94. Unpaid, none.
Prem ium plan, gross. Interest paid by borrow ing members, 5 pfer cent.
Prem ium paid by borrow ing members, $5 per share.
Loans have been made in H erkim er and Oneida counties, N ew Y ork State.
Largest mortgage loan outstanding, $6,300.
M ortgages in force in New
Y ork State, $553,402.97. No foreclosures during the year.
LITTLE FALLS BUILDING, SAVINGS AND LOAN ASSOCIATION.
No. 601 East M ain street, L ittle Falls, N. Y.
[Organized under Law of 1910.
Officers.
P r e s id e n t.....................
S e c r e ta r y .....................
T r e a su r e r ....................
A tto r n e y ......................

Commenced business 1913.]

Names.
Post-office addresses.
HENRY P. COLLINS..................................... k ittle Falls, N. Y
EDWARD H. KINGSBURY.......................... L ittle Falls, N. Y.
JOHN O’ROURKE........................................... L ittle Falls, N. Y.
W. EARL WARD............................................ L ittle Falls, N. Y.
A S S ET S .

Cash on hand and in bank ..................................................... ..........
Furniture and fixtures .........................................................................
Instalm ents due and unpaid.........................................
$37 50
Interest, premium, fees and fines due and unpaid
1 77




$3, 057 24
82 22

$3,139 46

142

R eport

on

S avings

L oan A ssociations.

and

L IA B IL IT IE S.
Dues shareholders, instalm ent sh a res . t ...........................................
Earnings undivided ................................................................................
In divid ual accounts ................................................................................

$3 ,07 9 25
31 96
28 25
$3,139 46

RECEIPTS.
Dues on instalm ent shares credited to m em bers.........................
Fees received ..............................................................................................
Fines received ...........................................................................................

$3,123 50
97 "40
9 41
$ 3,230 31

DISBURSEM ENTS.
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P a id advertising, printing and p osta g e ..........................................
Cash on hand December 31, 1913.........................................................

$44 25
128 82
3 ,057 24
$3,230 31

Plan, permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares issued during the year, 983; shares w ithdraw n during the year, 32;
shares in force, 951. B orrow ing members, none. N on-borrow ing members,
189, holding 951 shares. Fem ale shareholders, 20, holding 85 shares.
N o unpaid w ithdraw als. Entrance or membership fee, 10 cents per share.
O perating expenses, as defined in section 227 o f the Banking Law , incurred
and p a id during the year, $128.82. Operating expenses, as defined in section
227 o f the Banking Law , incurred during the year and rem aining unpaid,
$28.25.
Prem ium plan, gross. Interest paid by borrow in g members, 5 2 /1 0 per
cent. N o premium charged.
N o m ortgage loans outstanding.

JE F F E R S O N C O U N T Y .

CARTHAGE SAVINGS, LOAN AND BUILDING ASSOCIATION.
N o. 8 Strickland B uilding, So. M echanic street, Carthage, N. Y.
[O rgan ized un der L a w o f 1 8 5 1 .
Officers.

P resid en t.......................
Secretary ....................
Treasurer ...................
A ttorney .....................

C om m enced b u sin ess 1 8 8 9 .]

N am es.

Post-office addresses

F R A N C I S ...........................................
W. W. SW EE T.....................................................
F. W. COBURN..................................................
W. A. POR TER...................................................
C. E .

Carthage,
Carthage.
Carthage,
Carthage.

N .

y .

N. Y.
Y.
Y.

N .
N .

ASSETS.
Loans on bond and m ortg a g e ..............................................................
Loans on shares .........................................................................................
Cash on hand and in b a n k .....................................................................
Furn itu re and fixtures .......................................................................




$227,813 50
5 ,6 3 4 00
4,1 31 20
1 ,2 0 0 .0 0
$238,778 70

J efferson C ounty .
L IA BILITIES.
Due shareholders, instalm ents shares...............................................
Due shareholders, savings shares.......................................................
Due shareholders, income shares ........................................................
Dividends c r e d it e d .....................................................................................
Due shareholders, m atured shares ............. , ...................................
Earnings undivided .................................................................................
Contingent fund (as per section 225 of Banking L a w ) ...........

143
$75,879
51, 192
51, 300
16, 568
30,150
10,788
2 ,9 00

20
70
00
36
00
44
00

$238,778 70
RECEIPTS.
Cash on hand January 1, 1913..........................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on savings shares...........................................................................
Dues on income shares.............................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares rep a id ............................................................................
Interest received ........................................................................................
Prem ium received ....................................................................................
Reverted dividends ...................................................................................
Bonds sold .................................................................................................

$16,360
19,360
30,513
9 ,4 5 0
13, 265
7,398
11,210
646
141
3 ,0 00

14
10
71
00
00
00
83
51
34
00

$111,345 63
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Loaned on shares ......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on l o a n s ...
P aid matured shares ..............................................................................
P aid savings shares ................................................................................
P aid income shares ..................................................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
P aid salaries and clerk-h ire...................................................................
P aid advertising, prin tin g and posta ge.............................................
P aid rent .....................................................................................................
Paid banking department, exam ination ...............................................
P aid banking department, assessm ent.................................................
State League dues ....................................................................................
Bonds purchased .......................................................................................
Lights .............................................................................................................
M ortgage ta x .......................................................
I n s u r a n c e .......................................................................................................
Cash on hand December 31, 1913. . . ...................................................

$51, 122
5,569
8,416
7 ,000
14,501
8 ,550
6 ,805
1 ,420
250
250
29
17
6
3, 000
16
251
10
4, 131

50
00
25
00
01
00
31
00
42
00
00
29
00
00
35
00
30
20

$111,345 63
Plan, permanent. P ar value of shares, $100. Instalm ents are 10 cents
and 25 cents weekly.
Shares in force January 1, 1913, 1,201; shares issued during the year, 367;
shares withdrawn during the year, 254; shares in force, 1,314. B orrow ing
members, 101, holding 385 shares; non-borrow ing members, 223, holding 929
shares. Female shareholders, 124, holding 407 shares. T ota l dividends
credited members during the year on instalm ent shares, $4,375.74; rate &Vo
per cent. T otal dividends credited or paid in cash to members during the
year on other shares, $4,801.87; rate, 4 per cent, and 4 % per cent. Total
dividends forfeited by w ithdraw ing members during the year, $141.34.
N o unpaid w ithdrawals.
Am ount o f shares m atured during the year,
$3,750. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $1,953.07. Unpaid, none.




144

R eport

ox

S avings

axd

L oax A ssociatioxs.

N o premium plan. Interest paid by borrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in Jefferson and Lewis counties, New Y ork State.
L argest m ortgage loan outstanding, $7,000. M ortgages in force in New Y ork
State, $227,813.50. N o foreclosures during the year.

WATERTOWN SAVINGS, LOAN AND BUILDING ASSOCIATION.
N o. 3 Flow er block, W atertow n, N. Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t ...................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1888.]

Names.
WILLIAM H. MOORE............................
WILLIAM J. SH EPA R D .......................
WHLLIAM J. SH E PA R D ......................
JOSEPH A T W E L L .................................

Post-office addresses.
237 M ullin Street.
232 Stone Street.
232 Stone Street.
122 W inslow Street.

ASSETS.
Loans on bond and m ortg a g e...................................................................
Loans on shares .........................................................................................
Contracts for the sale of real esta te.................................................
Real estate ....................................................................................................
Cash on hand and in b a n k .....................................................................
F urniture and fixtures ...........................................................................
Real estate suspense a ccou n t.................................................................

$241, 177
8 ,015
1,776
2,531
484
666
323

76
00
18
87
77
03
36

$254,974 97
LIABILITIES.
Due shareholders, instalm ent shares................................................
Due shareholders, savings shares .....................................................
D ue shareholders, income shares..........................................................
D ividends credited ....................................................................................
Balance to be paid borrow ers on m ortgage lo a n s .........................
Borrow ed money ........................................................................................
Earnings undivided .................................................................................
Contingent fund ( as per section 225 of Banking Law’ ) .............

$169,517
15, 692
8, 850
37,541
200
5, 000
13,451
4, 720

30
84
00
97
00
00
92
94

$254,974 97
RECEIPTS.
Cash on hand January 1, 1913.............................................................
Dues on instalm ent shares credited to m em bers............................
Dues on savings shares ..........................................................................
M oney b o r r o w e d ..........................................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
Loans on shares rep a id ............................................................................
R eal estate sold .........................................................................................
Fees received .............................................................................................
Interest received .......................................................................................
R ent received .............................................................................................
Advances repaid .........................................................................................
Real estate suspense a ccou n t...................................................................
Real estate contracts ..............................................................................
R eal estate surrendered on foreclosu re............................................
Reverted dividends ..................................................................................




$2,120
53, 600
12, 649
21,000
36, 325
4 ,5 6 0
1,7 50
167
16, 010
245
81
956
305
389
500

18
44
51
00
00
00
00
96
25
96
70
25
50
52
75

$150,662 96

J efferson , C ounty .
DISBURSEM ENTS.
Loaned on mortgage ................................................................................
Loaned on shares ......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ...
P aid m atured shares ...............................................................................
P a id savings shares .................................................................................
P aid income shares ..................................................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
Cash dividends paid on income and accum ulative prepaid
shares ................................................................................................
P aid borrowed money and p rior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortgages..............
P a id for real esta te..................................................................................
P a id salaries and clerk-hire...................................................................
P aid advertising, printing and p osta ge.............................................
P aid rent .....................................................................................................
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, e t c ......................................................................
P aid banking departm ent, exam ination ............................................
P aid banking department, assessm ent...............................................
State League dues and expenses..........................................................
Repairing safe and adding m achine...................................................
C ollector’ s fees ...........................................................................................
M a t t i n g ..........................................................................................................
Supplies .........................................................................................................
Telephone ......................................................................................................
M ortgage taxes ...........................................................................................
F o r e c lo s u r e s .................................................................................................
L igh t and cleaning office.........................................................................
Insurance ......................................................................................................
Cash on hand December 31, 1913........................................................

145
$54, 300
7 ,875
32,007
14,806
1,9 64
100
7 ,8 55

00
00'
45
49
23
00
68

356 00
25,000 00
438 OO
2, 850 00
1,600 00
196 01
75 00
113 67
68 48
42 50
19 28
24 94
375
8 52
3 74
22 02
19 50
212 50
202 28
8 00
5 15
484 77
$150,662 96

Plan, permanent. P ar value of shares, $100. Instalm ents are 10 cents
and 25 cents weekly.
Shares in force Januarv 1. 1913, 9.174: shares issued during the year,
3,760; shares w ithdraw n during the year, 1 ,9 3 2 % ; shares in force, 11,001% .
B orrow in g members, 270, holding 2,040% shares; non-borrow ing members,,
830, holding 8,961 shares. Fem ale shareholders, 525, holding 5,074 shares.
Total dividends credited members during the year on instalm ent shares,
$12.739.21; rate, 7% per cent. Total dividends credited or paid in cash to
members during the year on other shares, $749.82; rate, 4 per cent, and 4%
per cent. T otal dividends forfeited bv w ithdraw ing members during the year,
$,500.75.
N o unpaid w ithdraw als. A m ount o f shares m atured during the year,
$14,806.49. Entrance or membership fee, 25 cents per member. O perating
expenses, as defined in section 227 o f the Banking Law, incurred and paid
during the year, $1,966.63. Unpaid, none.
Prem ium plan, prem ium interest. Interest paid b y borrow in g members,
5 2/1 0 per cent. Prem ium paid by borrow ing members, 2 8 /1 0 per cent.
Loans have been made in Jefferson county, New Y ork State. Largest m ort­
gage loan outstanding, $10,000. M ortgages in force in New Y ork State,.
$241,177.76. One foreclosure during the year.




146

R eport

on

S avings

and

L oan A ssociations.

K IN G S C O U N T Y .

ATLANTIC SAVINGS AND LOAN ASSOCIATION.
N o. 321 C ou rt street, B rooklyn, N . Y.
[O rganized under Law of 1887.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ...................
A ttorney .....................

Commenced business 1888.
Law of 1892.]

Names.
JOHN J. P. PAG AN................................
THOMAS J. SK IJSE.................................
JOHN A. LAW LER...................................
CHARLES A. W EBBER........................

Reorganized under
Post-office addresses.
609 Sixth Street.
305 P resident Street.
356 Union Street.
172 Congress Street.

ASSETS.
Loans on bond and m ortga ge................................................................. $1, 152, 350 00
Loans on shares...........................................................................................
2 6 ,1 0 0 00
R eal e s t a t e ....................................................................................................
11,500 00
Cash on hand and in b a n k .......................................................................
89, 515 73
1,875 00
Furn itu re and fixtu res.....................................................................................
$ 1 ,2 8 1 ,3 4 0 73
LIA BILITIES.
D ue shareholders, instalm ent shares...................................................
D ue shareholders, savings shares..........................................................
Due shareholders, accum ulative prepaid shares.............................
Due shareholders, income s h a r e s ...'...................................................
D ividends credited .....................................................................................
P rior mortgages .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f B anking L a w ) ..............
M a tu rity fund ..............................................................................................
Interest paid in advan ce..........................................................................

$625,585'
459, 122
36 ,10 0
41,300
32, 586
10, 500
44, 113
19,020
12,988
22

72
69
00
00
69
00
32
80
71
80

$ 1 ,2 8 1 ,3 4 0 73
R E C E IP T S .

Cash on hand January 1, 1913...............................................................
Dues on instalment shares credited to m em bers.............................
Dues on savings shares............................................................................
P rior m o r tg a g e s ...........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te .;
Loans on shares re p a id ..............................................................................
Interest r e c e iv e d .........................................................................................
R ent r e c e iv e d ................................................................................................
Loan deposits .............................................................................................

$64,413
126, 847
166, 844
15, 400
78,900
38, 250
54, 490
619
9, 606

41
87
06
00
00
00
73
50
25

$555,371 82
D IS B U R S E M E N T S .

Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P a id matured s h a r e s ................................................................................
P a id savings shares ..................................................................................
P a id accum ulative prepaid shares................................•................. .. •
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P aid borrow ed money and prior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges.............
P a id salaries and clerk -h ire...................................................................
P a id advertising, printing and p osta ge...............................................




$133,000
3 5 ,45 0
70, 688
4 4,118
135,191
3 ,0 0 0

00
00
09
36
39
00

353 00
18, 1501 00
929 80
5 ,2 2 0 00
721 50

K

in g s

Cou

nty

147

.

P a id banking department, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Loan deposits rep a id ..................................................................................
General e x p e n s e s .........................................................................................
Expenses o f b u ild in g ..................................................................................
Reserve fun d ...............................................................................................
M a tu rity f u n d ............................................................................... ............
Furniture and fixtu res..............................................................................
Cash on hand December 31, 1913..........................................................

$65
96
9 ,606
1,392
483
1, 766
2, 087
535
89,515

00
89
25
69
44
60
84
24
73

$555, 37L 82
Plan, permanent. P ar value o f shares, $100 and $200. Instalm ents are $1
monthly.
Shares in force January 1, 1913, 2 8 ,1 5 6 % ; shares issued during the year,
6,074% ; shares w ithdraw n during the year, 3,711; shares in force, 30,519% ,
B orrow ing members, 564, holding 6,022% shares; non-borrow ing members,
2,088, holding 24,497 shares. Fem ale shareholders, 1,276, holding 13,669
shares. T ota l dividends credited members during the year on instalment
shares, $15,316.95; rate, 4 % per cent, and 5 % per cent. T otal dividends
credited or paid in cash to members during the year on other shares, $20,622.74; rate, 4 per cent., 4 % per cent, and 4 % per cent. T ota l dividends fo r­
feited by w ithdraw ing members during the year, $1,177.06.
N o unpaid w ithdraw als. A m ount o f shares matured during the year,
$44,118.36. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $7,334.19. Unpaid, none.
N o premium plan. Interest paid by borrow ing members, 5 per cent., 5 % per
cent, and 6 per cent. N o premium charged.
Loans have been made in K ings, Nassau, New Y ork, Queens, Richm ond,
' Suffolk and W estchester counties, New Y ork State, and in New Jersey.
Largest m ortgage loan outstanding, $10,000. M ortgages in force in New Y ork
State, $1,150',050. N o foreclosures during the year.

BAY RIDGE SAVINGS AND LOAN ASSOCIATION.
7501 Third avenue, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
P r e s id e n t .....................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1887.]

Names.
WILLIAM B. H A T F IE L D ......................
HARRY H. O A T E S ..................................
.TAMES RUDDIMAN ............................
WALTER L. DURACK..........................

Post-office addresses.
93rd Street.
Sedgwick Place.
Senator Street.
215 Montague Street.

ASSETS.
Loans on bond and m ortga ge.............................
Real e s t a t e ..............................................................
Cash on hand and in b a n k .................................
Furniture and fixtu res........................................

$104,850
9 ,419
3,021
54

00
60
54
00

$117,345 14
L IA B IL IT IE S .

Due shareholders, instalm ent shares...................................................
Due shareholders, income shares..........................................................
D ividends credited ....................................................................................
Earnings u n d iv id e d ....................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............
Unearned o r rebatable prem iu m ............................................................
Accrued interest .........................................................................................




-

■

-------—

$64,917
28,150
17,765
33
5.5 45
363'
569

16
00
85
65
53
10
85

$117,345 14

148

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

r e c e ip t s .
Cash on hand January 1, 1913...............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on income shares..............................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
P en t r e c e iv e d ................................................................................................

$931
17, 861
7; 300,
9^ 000
5 ,5 4 0
240
8

66
69
00
00
13
07
00

$40,881 55
DISBU RSEM EN TS.

Loaned on m ortga ge...................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loa n s. . .
P aid incom e shares.....................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s......................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P aid borrow ed m oney and prior m ortga ges....................................
P aid interest on borrow ed money and prior m ortga ges.............
P aid fo r real estate.....................................................................................
P a id salaries and clerk-hire...................................................................
P a id advertising, printing and p osta ge.............................................
P aid rent ......................................................................................................
P a id taxes, insurance, etc.........................................................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
State League du es.......................................................................................
Cash on hand December 31, 1913..........................................................

$6, 550
13, 041
2 ,5 50
2 ,8 3 6

OO
21
00
74

1, 186
6 ,0 00
236
4 ,4 7 4
608
141
133
66
9
10
15
3,021

64
OO
95
84
00
25
75
40
23
00
00
54

$40,881 55
Plan, permanent. P a r value o f shares, $100. Instalm ents are 50 cents
m onthly.
Shares in force January 1, 1913, 1,595% ; shares issued during the year,
290; shares withdrawn during the year, 169: shares in force, 1,716%. B or­
row ing members, 44, holding 528 shares; non-borrow ing members, 260, holding
1,188% shares. Female shareholders, 135, holding 549 shares. Total d iv i­
dends credited members during the year on instalm ent shares, $3,444.36; rate,
5 per cent. Total dividends credited or paid in cash to members during the
year on other shares, $1,186.64; rate, 5 per cent.
N o unpaid withdraw als. O perating expenses, as defined in section 227 o f
the Banking Law, incurred and paid during the year, $908. Unpaid, none.
Prem ium plan, instalment. Interest paid by borrow ing members, 6 per cent.
Prem ium paid b y borrow ing members, 1 per cent.
Loans have been made in K in gs and Queens counties, N ew Y ork State.
Largest m ortgage loan outstanding, $6,000. M ortgages in force in New Y ork
State, $104,850. One foreclosure during the year.

BEDFORD CO-OPERATIVE BUILDING LOAN ASSOCIATION.
No. 1646 F ulton street, B rooklyn, N. Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t ....................
Secretarv ....................
Treasurer ..................
A ttorney .....................




Commenced business 1888.]

Names.
CHARLES KAISER .................
EDWTN F. HOW ELL................
THOMAS POWDHRLY ..........
MARTIN S. COHEN.................

Post-office addresses.
1273 Jefferson Avenue.
253 Broadway, New York.
190 Albany Avenue.
302 Broadway, New York.

K

in g s

C

ounty

.

ASSETS.
Loans on bond and m ortga ge..............................................................
Loans on shares...........................................................................................
Real e s t a t e ....................................................................................................
Cash on hand and in b a n k .......................................................................
Advances for taxes, insurance, etc.......................................................

149
$111,443
575
4, 151
139
200

76
00
96
34
66

$116,510 72
LIABILITIES.
Due shareholders, instalm ent shares................................................
D ue shareholders, savings shares........................................................
Due shareholders, income shares.........................................................
Due shareholders, juvenile savings shares........................................
Dividends credited ....................................................................................
Balance to be paid borrow ers on m ortgage loa n s...........................
Borrow ed money .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............
M aturity f u n d .............................................................................................

$64,612
2,861
17,100
358
12, 804
2, 749
5, 500
3, 857
5,000
1, 666

04
75
00
64
87
67
00
10
00
65

$116,510 72
RECEIPTS.
Cash pn hand January 1, 1913..............................................................
Dues on instalment shares credited to m em bers.............................
Dues on savings shares............................................................................
Dues on income shares..............................................................................
Dues on juvenile savings shares..........................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ............................................................................
Fees received ...............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
Rent r e c e iv e d ....................................................................
Advances repaid .........................................................................................
A ppraising ....................................................................................................
M iscellaneous ...............................................................................................

$940
17,036
708
9 ,4 00
153
25, 450
2 3 ,6 3 0
434
10
6, 432
20
158
49
30
83

21
66
00
00
30
00
35
00
75
28
10
00
10
00
33

$84,536 08
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid savings shares ..................................................................................
P aid income shares ..................; . ...........................................................
D ividends paid on w ithdraw al, or applied on lo a n s......................
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P aid borrowed money and prior m ortga ges......................................
P a id interest on borrow ed m oney and prior m ortga ges.............
P aid salaries and clerk-h ire...................................................................
P aid advertising, printing and p osta g e ............................................
P aid rent ......................................................................................................
P aid repairs to real esta te.....................................................................
Paid taxes, insurance, etc.........................................................................
P aid banking department, exam ination ............................................
P aid banking departm ent, assessm ent...............................................
Officers’ bonds .............................................................................................
Advances for taxes, insurance, etc.......................................................




$22,093
759
21, 568
1,296
1,500
5,601

33
00
83
25
00
11

529
26 ,97 2
626
720
127
32
1,515
101
22
9
12
98

94
66
53
00
50
00
55
59
85
50
00
80

150

R eport

on

S a y in g s

L oan

and

A s s o c ia t io n s .

M a tu rity f u n d ..............................................................................................
Legal e x p e n s e s .............................................................................................
Furniture ......................................................................................................
M iscellaneous ....................................................... '......................................
Cash on hand December 31, 1913..........................................................

$252
67
402
87
139

16
6v
34
2o
3»

$84,536 08
Plan, permanent. P ar value o f shares, $100 and $200. Instalm ents are
$1 m onthly.
Shares in force January 1, 1913, 2,023; shares issued during the year, 595;
shares w ithdraw n during the year, 316; shares in force, 2,302. .Borrowing
members, 78, holding 655 shares; non-borrow ing members, 246, holdin g 1,647
shares. Fem ale shareholders, 106, holding 657 shares. T ota l dividends
credited members during the yea r on instalm ent shares, $4,211.67; rate, 6
per cent. T otal dividends credited or paid in, cash to members during the
yea r on other shares, $793.21; rate, 5 per cent.
N o unpaid withdraw als. A m oun t of shares m atured during the year, 3,600.
Entrance or membership fee, 25 cents. O perating expenses, as defined in
section 227 o f the B anking Law, incurred and paid, during the year, $978.70.
U npaid, none.
Prem ium plan, instalment. Interest paid by borrow ing members, 6 per
cent. N o prem ium charged.
Loans have been made in K in gs and Queens counties, N ew Y ork State.
Largest m ortgage loan outstanding, $5,000. M ortgages in force in New Y o rk
State, $111,443.76. N o foreclosures during the year.

BROOKLYN AND NEW YORK ARCANUM BUILDING, LOAN AND SAV­
INGS ASSOCIATION.
No. 169 Flatbush avenue, B rooklyn, N . Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ...................
A ttorney .....................

Commenced business 1885.]

Names.
Post-office addresses.
CHARLES A. L E N T .. .
90 W illiam Street, New York.
J. ADDISON R O B B .... 482 Greene Avenue, Brooklyn.
J. ADDISON RO BB. . . . 482 Greene Avenue, Brooklyn.
I. N. S IE V W R IG H T .. . 204 M ontague Street, Brooklyn.

ASSETS
Loans on bond and m ortga ge...........................
Loans on shares...................................................
Cash on hand and in b a n k .............................
F u rn itu re and fixtu res........................... ..
Interest due and u n p a id ....................................
A ccrued interest .................................................

$73,6 0 0
1,577
4 ,8 8 7
350
122

00
00
09
00
34

22 00
$ 80,558 43

L IA B IL IT IE S.
D ue shareholders, instalm ent shares...................................................
D ue shareholders, incom e shares..........................................................
D ividends credited .............................................................................. . . .
Balance to be paid borrow ers on m ortgage lo a n s .........................
Earnings undivided ...................................................................................
C ontingent fund (as per section 225 o f Banking L a w ) .............
Interest paid in a dva n ce..........................................................................
Suspense account .......................................................................................
M atu rity r e s e r v e .........................................................................................




$56,912
10,550
6, 078
700
3, 272
1,4 53
20
837
733

94
00
95
00
34
63
00
14
43

$80,558 43

K in g s

County.

RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalm ent snares credited to m em bers.............................
Dues on incom e shares..............................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares re p a id ...........................................................................
Fees r e c e iv e d ...............................................................................................
Fines received .............................................................................................
Interest r e c e iv e d .........................................................................................
Suspended shares .......................................................................................
D eposit a c c o u n t ...........................................................................................
Loan repaym ent ch arges...........................................................................
Reverted d iv id e n d s ....................................................................................

151
$3,368
1 7,758
800
10, 050
790
23
129
4, 204
130
6
78

02
48
00
00
00
00
17
97
73
00
90
60

$ 37,339 87
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
Paid matured s h a r e s ................................................................................
P aid income shares ..................................................................................
Dividends paid on w ithdraw al, or applied on lo a n s ......................
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P aid salaries and clerk-h ire...................................................................
P aid advertising, printing and posta ge...............................................
P aid rent .................................................................................................
P aid banking department, e x a m in a tio n ............................................
P a id banking department, a ssessm en t...............................................
A u diting ................. t ........................................................................... ; . . .
D eposit a c c o u n t .....................................................................................
Supplies and sundries................................................................................
Reserved d iv id e n d ...................
Cash on hand December 31, 1913..........................................................

$16,600 00
920 00
6,881 96
5, 860 31
100 00
61673
393 78
618 00
45 75
240 00
12 00
576
25 00
6 00
37 95
89 54
4 ,8 87 09
$37,339 87

Plan, permanent. P a r value o f shares, $100 and $200. Instalm ents are
$1 m onthly.
Shares in force January 1, 1913, 1,531*4; shares issued during the year,
316; shares w ithdraw n during the year, 266*4; shares in force, 1,581. B or­
row ing members, 33, holding 414*4 shares; non-borrow ing members, 187,
holding 1,166*4 shares. Fem ale shareholders, 81, holding 387 shares. Total
dividends credited members during the year on instalm ent shares, $2,075.35;
rate, 5 per cent. T otal dividends credited or paid in cash to members during
the year on other shares, $491.97; rate, 5 per cent. T ota l dividends forfeited
by w ithdraw ing members during the year, $82.67.
N o unpaid withdraw als. A m ount of shares m atured during the year,
$5,949.85. Entrance or membership fee, $1. O perating expenses, as defined
in section 227 o f the B anking Law , incurred and paid during the year,
$966.70. Unpaid, none.
N o premium plan. Interest paid b y b orrow in g members, 6 per cent. No
premium charged.
Loans have been made in K in gs, Nassau, N ew Y ork, Queens and Suffolk
counties, New Y ork State. Largest m ortgage loan outstanding, $10,000.
M ortgages in force in N ew Y ork State, $73,600; N o foreclosures during the
year.




152

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

BROOKLYN CITY SAVINGS AND LOAN ASSOCIATION.
No. 91 C ourt street, B rooklyn, N. Y .
[Organized under Law of 1851.

Commenced business 1887.]

Officers.
Names.
P r e s id e n t ......................
JO SEPH V. SCULLEY........................
Secretary ....................... GEORGE A. R O SE................................
THOMAS J. K ELLY.............................
Treasurer .....................
A ttorneys ..................... McGUIIiE, DELANY, N IPE R &
C O N N E L L Y .......................................

Post-office addresses.
91 Court Street.
91 Court Street.
91
Court Street.
189 M ontague Street.

ASSETS.
Loans on bond and m o r t g a g e .................................................................
Real estate ............................................................ ........................................
Cash on hand and in b a n k .....................................................................
Furn itu re and f ix t u r e s ..............................................................................
Interest, premium, fees and fines due and u n p a id .........................

$553,075
40, 500
19,458
500
301

00
00
42
00
99

$613, 835 41
LIABILITIES.
D ue shareholders, instalm ent s h a r e s . . . '...........................................
Due shareholders, savings shares ........................................................
Due shareholders, incom e shares ........................................................
D ividends credited .....................................................................................
Earnings undivided ...................................................................................
Contingent fund (as per section 225’ o f B anking L a w ) ..............
M ortgage on real estate ..........................................................................
P aym ents on term m ortga ges.................................................................
Suspended accounts ..................................................................................

$318,472
30, 299
192,750
12, 557
11,882
31,500
12,000
2, 402
1, 969

99
85
00
81
27
00
00
82
67

$613, 835 41
RECEIPTS.
Cash on hand Janu ary 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.........................
Dues on savings shares .......................................................................
D ues on income s h a r e s ..............................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Fines received ............................................................................................
In terest received .........................................................................................
Prem ium received .......................................................................................
R en t received ..............................................................................................
Paym ents on term m ortga ges.................................................................
A p p r a is a ls ......................................................................................................
Sundries .........................................................................................................

$ 16,056
73,071
25,195
40, 200
54,700
122
25, 560
4 ,517
2, 320
8 ,1 5 6
303
180

53
91
87
00
00
12
91
58
00
34
50
62

$250,385 38
DISBURSEM ENTS.
L oaned on m ortgage .................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
P a id savings s h a r e s ..................................................................................
P a id incom e s h a r e s .....................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on incom e and accum ulative prepaid
shares ...............................................
P a id fo r real e s t a t e .................................................................................
P a id salaries and clerk-hire ..................................................................
P a id advertising, prin tin g and postage .............................................
P a id rent .......................................................................................................
P a id repairs to real e sta te........................................................................




$79, 650
74, 411
12,276
24 ,25 0
11,788

00
65
56
00
97

8 ,6 79
5, 592
3 ,8 6 4
274
1, 010
144

59
52
86
97
00
70

K in g s

153

County.

P aid taxes, insurance, e tc .......................................................
P aid banking departm ent, exam ination ..........................................
P aid banking department, assessm ent.................................................
General e x p e n s e s .........................................................................................
Paym ents on term m ortga ges.................................................................
A ppraisals ....................................................................................................
A ccrued interest ...........................................................
Cash on hand December 31, 1913..........................................................

$1,289
36
47
797
6, 478
303
31
19,458

25
00
20
80
15
50
24
42

$250,385 38
Plan, permanent. P ar value o f shares, $100 and $200. Instalm ents are
$1 m onthly.
Shares in force Ja n u a ry 1, 1913, 6 ,2 34 % ; shares issued du rin g the year,
2 ,2 5 9 % ; shares w ithdraw n during the year, 940 1 /1 0 ; shares in force,
7,553 9 /1 0. B orrow ing members, 172, holding 1,810% shares; non-borrow ing
members, 806, holding 5,743% shares. Fem ale shareholders, 441, holding
3,026 9 /2 0 shares. Total dividends credited members during the year on
instalm ent shares, $12,038.49; rate, 5 per cent. T ota l dividends credited or
paid in cash to members during the year on other shares, $9,198.91; rate,
4 % per cent., and. 5 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 227 o f
the Banking Law, incurred and paid during the year, $5,947.63. Unpaid,
none.
Prem ium plan, prem ium -interest. In terest paid b y borrow in g members, 6
per cent. N o prem ium charged.
Loans have been made in K ings, Nassau, N ew Y ork, Queens, Richm ond and
W estchester counties, New Y ork State, and in N ew Jersey. L argest m ortgage
loan outstanding, $8,000. M ortgages in force in N ew Y ork State, $551,575.
F ou r foreclosures du rin g the year.

BROOKLYN MUTUAL BUILDING AND LOAN ASSOCIATION.
N o. 526 N ostrand avenue, B rooklyn, N . Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t .....................
Secretary ....................
Treasurer ...................
Attorneys .....................

Commenced business 1883.]

Names.
Post-office addresses
F. P. W ISB BU R N ................
951 L afayette Avenue.
EDWARD CROWN...................
505 Lorimer Street.
JOSEPH R O D G .3R S ............
575 McDonough Street.
REMSEN & P ER SO N S___
60 W all St., New York, N. Y.

AS.'SETS.
Loans on bond and m ortg a g e ................................................................
Loans on shares .........................................................................................
Real estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and f ix t u r e s ..............................................................................
Interest, premium, fees and fines due and u n p a id ...........................
Advances for taxes, insurance, e t c ........................................................
Business bureau .........................................................................................
Pass books ....................................................................................................

$46,075
3 ,2 30
4, 036
826
60
124
190
15
22

00
00
40
41
00
45
81
00
50

$54,580 57
L IA B IL IT IE S .

Due shareholders, instalm ent s h a r e s ......... ..........................................
D ue shareholders, accum ulative prepaid shares.................... ..
D ividends credited .....................................................................................
D ue shareholders, m atured shares........................................................




$36, 456
1,050
6,151
9 ,8 8 5

40
00
44
07

154

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

E arnings undivided ...................................................................................
Contingent fund (as per section 225 of Banking L a w ) ................
Suspense account .......................................................................................

$82 44
933 03
22 19
$54,580 57

REC EIPTS.
Cash on hand January 1, 1913...............................................................
Dues on instalm ent shares credited to m em bers...............................
Dues on accum ulative prepaid shares.................................................
M ortgages redeemed, foreclosed or transferred to real estate
Loans on shares r e p a i d ............................................................................
Fees r e c e iv e d .................. •
.............................................................................
Fines received ..............................................................................................
In terest received .......................................................................................
Prem ium r e c e iv e d .......................................................................................
Rent r e c e iv e d ................................................................................................
Advances repaid .........................................................................................
Reverted d iv id e n d s .....................................................................................

$3, 572
12,542
450
10, 150
1,960
1
61
2, 855
23
56
60
58

12
35
00
00
00
00
83
86
73
00
00
83

$31,791 72
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
P aid m a tu red s h a r e s ...................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P aid borroAved m on ey an d p rior m o r tg a g e s ......................................
P a id fo r real esta te.....................................................................................
P a id salaries and clerk -h ire.....................................................................
P a id advertising, p rin tin g and posta ge.............................................
P a id rent .......................................................................................................
P aid repairs to real esta te.....................................................................
P a id taxes, insurance, e t c ..........................................................................
P aid banking departm ent, exam ination ..........................................
P a id banking departm ent, a s s e s s m e n t...............................................
Officers’ bonds ..............................................................................................
Advances fo r taxes, insurance, e t c ........................................................
M etropolitan and S tate League du es...................................................
Cash on hand December 31, 1913........................................................

$8, 800
3,4 05
7, 495
3, 623
1,068
2 ,0 0 0
3, 827
204
49
120
85
138
23
4
8
99
11
826

00
00
74
65
08
00
95
50
53
00
50
95
83
27
00
31
00
41

$31,791 72
Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1913, 813; shares issued durin g the year, 1 2 7 % ;
shares w ithdraw n during the year, 1 1 7 % ; shares in force, 822% . B orrow in g
members, 23, holding 250% shares; non-borrow ing members, 104, h oldin g 572
shares. N o record of fem ale shareholders. Total dividends credited mem­
bers during the year on instalm ent shares, $1,874.43; rate, 5 per cent. T ota l
dividends credited or paid in cash to members during the year on other
shares, $547.72; rate, 5 per cent. T ota l dividends forfeited b y w ithdraw ing
members during the year, $58.53.
N o unpaid w ithdraw als. A m ount of shares matured durin g the year,
$1,600. Operating expenses, as defined in section 227 o f the Banking Law,
incurred and paid durin g the year, $393.03. Unpaid; none.
N o premium plan. Interest paid b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in K in gs, Queens, Richm ond and W estchester coun­
ties, N ew Y ork State. L argest m ortgage loan outstanding $3,500. M ort­
gages in force in N ew Y ork State, $46,075. One foreclosure during the year.




K angs

155

C ounty.

BUSHWICK CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 612 Grand street, Brooklyn, N. Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t ...................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1888.]

Names.
C. F. CANFIELD...............................
WILLIAM A. E R N ST .....................
DANIEL CANTY ............................
J. P . JU D G E......................................

Post-office addresses.
114 McDonough Street.
74 Van Buren Street.
134 McDonough Street.
189 M ontague Street.

ASSETS.
Loans on bond and m ortga ge...................................................................
Loans on s h a r e s ...........................................................................................
Real e s t a t e ....................................................................................................
Cash on hand and in b a n k .......................................................................
Furniture and f ix t u r e s ..............................................................................
Advances for taxes, insurance, e t c ........................................................

Deposit on meter ...............................................................

$147, 950
2, 850
10,799
4 ,2 8 4
400
58

00
00
37
19
00
01

20 00
$166,361 57

LIABILITIES.
Due shareholders, instalm ent shares.....................................................
Due shareholders, income shares ..........................................................
B orrow ed m o n e y .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ................
Suspense account .......................................................................

$125,764
2 2,300
5, 000
5,7 23
7, 500
73

60
00
00
79
00
18

$166,361 57
RECEIPTS.
Cash on hand January 1, 1913................................................................
Dues on instalment shares credited to m em bers...............................
Dues on income shares..............................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares rep aid ...............
Interest received .......................................................................................
Prem ium r e c e iv e d .......................................................................................
R en t r e c e iv e d ...............................................................................................
Advances repaid .........................................................................................

$10,815
26, 900
2 ,700
10, 000
2 3,000
610
8,4 30
949
939
141

00
70
00
00
00
00
27
24
00
63

$84,485 84
DISBURSEM ENTS.
[Loaned on m ortga ge..................................................................................
Loaned on shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P a id m atured shares ................................................................................
P a id income shares....................................................................................
Cash dividends paid on income and accum ulative prepaid
shares ........................................................................................................
P a id borrow ed money and prior m ortgages ..................................
P a id interest on borrow ed m oney and prior m ortga ges................
P aid salaries and clerk-h ire.....................................................................
P aid advertising, p rin tin g and p osta ge.............................................
P a id -r e n t ........................................................................................................
P a id repairs to real e s t a t e .....................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, exam ination ..........................................
P a id banking departm ent, a s se s s m e n t...............................................




$36, 700
2 ,4 0 0
24, 878
5,7 50
900

00
00
72
00
00

1, 020
5 ,000
141
2 ,2 73
63
420
44
165
24
12

18
00
39
52
56
00
10
70
00
67

'

156

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

Advances fo r taxes, insurance, e t c ........................................................
R ecording ta x ..............................................................................................
General expenses ...................................................... .................................
Cash on hand December 31, 1913........................................................

$83
30
294
4 ,2 8 4

37
00
44
19

$84,485 84
Plan, permanent. P ar value of shares, $100 and $250. Instalm ents are 10
cents and 25 cents weekly.
Shares in force January 1, 1913, 3,360; shares issued du rin g the year,
1,331; shares w ithdraw n durin g the year, 543; shares in force, 4,148. B or­
row in g members, 50, holding 825 shares; non-borrow ing members, 328, h old­
ing 3,323 shares.
Fem ale shareholders, 132, holding 830 shares.
Total
dividends credited members during the year on instalm ent shares, $5,571.89;
rate, 5 per cent. T ota l dividends credited or paid in cash to members during
the year on other shares, $1,020.18; rate, 5 per cent.
N o unpaid w ithdraw als. A m ount o f shares m atured during the year,
$5,750. O perating expenses, as defined in section 227 o f the Banking Law ,
incurred and paid during the year, $3,051.52. Unpaid, none.
Prem ium plan, instalment. Interest paid by borrow ing members, 6 per
cent. Prem ium paid by borrow ing members, 6 7 /1 0 cents m onthly on $100
shares.
Loans have been made in K in gs and Queens counties, New Y ork State.
L argest m ortgage loan outstanding, $75,000.
M ortgages in force in New
Y ork State, $147,950. N o foreclosures during th e year,

EAGLE SAVINGS AND LOAN COMPANY.
N o. 186 Remsen street, Brooklyn, N. Y.
[Organized under Law of 1851.

Commenced business 1891.]

Officers.
Names.
P resident .......................
ELW IN S. P IP E R .................................
Secretary .................... JO SEPH WOOD ...................................
JO SEPH WOOD ...................................
Treasurer ..................
Attorney .....................
JAMES C. M cLBAR..............................

Post-office addresses.
186 Remsen Street.
186 Remsen Street.
186 Remsen Street.
189 M ontague Street.

ASSETS.
Loans on bond and m ortg a g e ......................................
Loans on shares ...............................................................
C ontracts for th e sale o f real esta te.........................
R eal estate ..........................................................................
Cash on hand and in b a n k ...........................................
F u rn itu re and fixtures .................................................
In terest, premium, fees and fines due and unpaid
Advances fo r taxes, insurance, e t c .............................
B ond and m ortgage receivable....................................

$ 2 ,6 4 8 ,7 9 9
21.570
14.571
298,460
143,637

96
00
51
58
87

8,000 00
30,379 99
13,493 52
411,221 12
$ 3 ,5 9 0 ,1 3 4 55

L IA B IL IT IE S.
D ue shareholders, instalm ent shares .................................................
D ue shareholders, savings shares..........................................................
D ue shareholders, incom e shares ........................................................
D ividends credited .....................................................................................
D ue shareholders, m atured sh a res......................................................
P r io r m ortgages .........................................................................................
E arnings undivided ...................................................................................
C on tin gen t fund (as per section 225 o f the Banking L a w ) . . . .




$514,740
1 ,1 1 1 ,4 4 1
1 ,2 4 7 ,8 0 0
238, 140
14,271
348,825
52, 972
41,271

29
36
00
09
44
00
06
79

K in g s

157

C ounty.

Deferred dividends
Accrued interest .
Suspense ...........

$1,195 83
4 ,7 8 0 96
14,695 73
$ 3 ,5 9 0 ,1 3 4 55
RE C E IPTS.

Casli on hand January 1, 1913..............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on saving shares................................................................................
Dues on income shares..............................................................................
P rio r m o r tg a g e s ...........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares rep a id ...........................................................................
Heal estate s o ld ..................................................
Fees received ...............................................................................................
Fines received .............................................................................................
Interest received .........................................................................................
Prem ium r e c e iv e d ......................................................................................
Rent received ...............................................................................................
Advances repaid .........................................................................................
Suspense ........................................................................................................
Bond and m ortgage re ce iv a b le .............................................................
Reverted dividends ....................................................................................
Legal expenses ..........................................................................................
P rofit and lo s s .............................................................................................
R ecording tax .............................................................................................

.

--------

$106,222
92, 762
2 ,6 1 9 ,0 0 1
268,500
38, 100
398,534
34,122
71,695
2,047
3,011
175,944
7,838
15, 859
43, 289
25,784
31,977
10, 941
3,379
18,908
11

.— .

38
60
74
00
00
99
00
46
39
63
28
79
27
55
98
78
73
29
64
50

$ 3 ,9 6 7 ,9 3 4 00
DISBURSEM ENTS.
----Loaned on m ortga ge..................................................................................
$223,850 00
Loaned on shares........................................................................................
36,487 00
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
107,625 55
P aid matured shares..................................................................................
15,727 06
P aid savings shares..................................................................................
2 ,5 0 7 ,4 2 8 33
P aid income shares....................................................................................
169,400 00
Dividends paid on w ithdraw al, or applied on lo a n s ....................
102,731 25
Cash dividends paid on income and accum ulative prepaid shares
57, 789 14
P aid borrow ed money and prior m ortgages......................................
125,504 95
Paid interest on borrowed money and prior m ortgages................
24, 846 24
P aid fo r real esta te....................................................................................
99,790 77
P aid salaries and clerk-hire..................................................................
18,490 92
Paid advertising, printing and posta ge...............................................
5,275 30
Paid rent ......................................................................................................
6, 000 00
Paid repairs to real esta te.....................................................................
5,8 25 00
Paid taxes, insurance, e t c .......................................................................
10,286 12
Paid banking departm ent, exam ination ............................................
455 75
Paid banking departm ent, assessm ent...............................................
280 70
Advances for taxes, insurance, e t c .......................................................
38,066 36
Suspense ........................................................................................................
10, 908 12
Bond and mortgage receivable..............................................................
221,591 82
Sundry expenses .........................................................................................
2, 612 95
Legal e x p e n s e s .............................................................................................
7 ,379 14
Appraisals ...........................................................................................................
1,25000
Preparing legal pa p ers.............................................................................
1,660 00
M ortgage tax ...............................................................................................
599 50
P rofit and lo s s ....................................................... •...................................
7 ,8 13 74
D iscount on advance paym ents............................................................
41 91
Recording ......................................................................................................
7 00
Real estate con tra cts................................................................................
14,571 51
Cash on hand December 31, 1913..........................................................
143,637 87




$ 3 ,9 6 7 ,9 3 4 00

158

R eport

on

S a v in g s

L oan

and

A s s o c ia t io n s .

Plan, permanent. P a r value of shares, $100. Instalm ents are 5, 12 y2 , 16% ,
25, 3 3 ^ , 50 cents an(i $1 m onthly.
Shares in force January 1, 1913, 121,479.8495; shares issued during the
year, 21,309.5; shares w ithdraw n during the year, 16,493.3499; shares in force,
126,295.9996. B orrow in g members, 699, holding 26,487.9996 shares; non­
b orrow in g members, 4,502, holding 99,808 shares. Female shareholders, 2,233,
holding 48,334 shares. T otal dividends credited members during the year on
instalm ent shares, $37,074.76; rate, 5 per cent. T otal dividends credited or
pa id in cash to members durin g the year on other shares, $99,529.57; rate,
3 % per cent., 4 per cent, and 5 per cent. Total dividends forfeited by w ith ­
draw ing members during the year, $10,941.73.
N o unpaid w ithdraw als.
A m oun t o f shares m atured during the year,
$29,998.50. Entrance or membership fee, 25 per share. O perating expenses,
as defined in section 227 o f the Banking Law , incurred and paid durin g the
year, $33,629.17. Unpaid, none.
Prem ium plan, instalm ent. Interest paid by borrow ing members, 6 per cent.
Prem ium paid by borrow in g members, 1 98/100 per cent.
Loans have been made in B ronx, K ings, Nassau, New Y ork, Queens, R ich ­
m ond, Suffolk and W estchester county, N ew Y ork State. Largest m ortgage
loan outstanding, $18,400. M ortgages in force in New Y ork State, $3,060,021.08. Six foreclosures during the year.

EAST BROOKLYN SAVINGS AND LOAN ASSOCIATION.
No. 1012 Gates avenue, B rooklyn, N. Y .
[Organized under Law of 1851.
Officers.
P resident ....................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1885.]

Names.
BENJAM IN THOMPSON ...............
ALFRED BAILEY ............................
JAMES B. SH AW ...............................
WALTER L. DURACK......................

Post-office addresses.
810 Lexington Avenue.
1012 Gates Avenue.
925 Green Avenue.
215 Montague Street.

ASSETS.
Loans on bond and m ortg a g e.................................................................
Loans on shares .........................................................................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................
Furn itu re and fixtu res..............................................................................
Advances for taxes, insurance, e tc .....................................................

$488,159
2, 420
15,000
11,077
500
674

50
00
00
77
00
51

$517,831 78
LIA B IL IT IE S.
Due shareholders, instalm ent shares......................................................
Due shareholders, incom e shares.........................................................
P rio r mortgages ........................................................................................
Earnings undivided ...................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ..............
Special d e p o s i t ............................................................................................
Suspense account
.............................................................................

$363,647
78,800
34,850
20, 013
19, 920
291
309

38
00
00
21
60
19
40

$517 831 78
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalment shares credited to m em bers...........................
Dues on income shares............................................................................
P rior m ortgages ........................................................................................
M ortgages redeemed, foreclosed or transferred to real estate..




$9,907
130. 134
14, 650
29 ,00 0
47,547

42
45
00
00
67

K

in g s

C

ounty

.

Loans on shares rep a id ...........................................................................
Interest received ........................................................................................
E ent received ..............................................................................................
Advances repaid ........................................................................................
Special d e p o s it s ..........................................................................................
Contingent fund .......................................................................................
Furniture to profit and lo s s .................................................................

159
$1 ,00 0
25,735
2 ,0 0 4
855
10, 360
1, 720
70

00
98
00
31
55
60
00

$272,985 98
DISBURSEMENTS.
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid income shares ..................................................................................
Cash dividends paid on income and accum ulative prepaid
shares .........................................................................................................
P aid borrow ed money and prior m ortgages...................................
P aid interest on borrow ed m oney and prior m ortgages.............
P aid salaries and clerk -h ire..................................................................
P aid advertising, p rin tin g and p osta ge............................................
P aid r e n t ......................................................................................................
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, etc......................................................................
P aid banking department, exam in ation ............................................
P aid banking department, assessm ent...............................................
Officers’ bonds ..........
Advances fo r taxes, insurance, e t c .....................................................
M etropolitan and State League dues and expenses......................
Dividends credited to m em bers..............................................................
Contingent fund ........................................................................................
Special deposits ........................................................................................
Janitor, ligh t and h ea t...........................................................................
Telephone ......................................................................................................
A ppraisals ....................................................................................................
P rofit and loss ...........................................................................................
Cash on hand December 31, 1913........................................................

$119,605
920
81,076
9,175

00
00
34
00

3,579
13,350
1, 137
2, 599
265
900
314
241
42
35
14
1,187
39
14,859
1,720
10,117
601
40
15
70
11,077

27
00
87
50
71
00
57
14
25
95
00
36
00
82
60
92
41
50
00
00
77

$272,985 98
Plan, permanent. Par value of shares, $100. Instalm ents are 50 cents
monthly.
Shares in force January 1, 1913, 8,880 4 /5 ; shares' issued during the year,
2 .9 0 3 % : shares withdraw n during the year, 1,529 4 /1 0 ; shares in force,
10,254 13/20. B orrow ing members. 177, holding 3,011 13 /20 shares; non­
borrow ing members, 1,185, holding 7,243 shares. N o record o f female share­
holders. T otal dividends credited members during the year on instalm ent
shares, $14,859.82; rate, 5 per cent. Total dividends credited or paid in
cash to members during the year on other shares, $3,579.27; rate, 5 per cent.
N o unpaid withdrawals.
Operating expenses, as defined m section 227
o f the Banking Law, incurred and paid during the year, $4,475.12. Unpaid,
none.
N6 premium plan. Interest paid by borrow ing members, 6 per cent. N o
premium charged.
Loans have been made in K in ss. Nass«au, New Y ork, Queens, and W est­
chester counties. New Y ork State and in New Jersey. Largest m ortgage loan
outstanding, $13,000. M ortgages in force in New Y ork State, $487,159.50.
N o foreclosures during the year.




160

R eport

EAST

on

S a v in g s

L oan

and

A s s o c ia t io n s .

NEW YORK SAVINGS AND LOAN ASSOCIATION.
No. 2790 F ulton street, B rooklyn, N . Y.

[Organized under Law o f 1892.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1892.]

Names.
JOHN D. CARROLL............
MORRIS KLEIN .................
FREDERICK BOSCHEN . .
WALTER L. DURACK-----

Post-office addresses.
118 A rlington Avenue.
50 Bradford Street.
H illside Bank, Richmond H ill
215 M ontague Street.

A SSET S
Loans on bond and m ortga ge.........................
Loans on shares .................................................
C ontracts for the sale o f real esta te. . . . . .
B ea l estate ............................................................
Cash on hand and in b a n k .............................
.Furniture and fixtures ....................................
A dvances for taxes, insurance, e t c ..............

$241, 650
4 ,2 9 5
1 ,4 0 0
6 9,900
10,131
90
1,742

00
00
00
00
59
00
46

$329,209 05
LIA BILITIES.
Due shareholders, instalm ent shares.................................................
Due shareholders, income shares..........................................................
P rior m ortgages ........................................................................................
Earnings undivided .................................................................................
Contingent fund (as per section 225 o f B anking L a w ) .............
M ortgage on real esta te..........................................................................

$125,756 27
129,250 00
4 4 ,1 0 0 .0 0
6, 702 78
19.250 00
4 ,1 50 00
$329,209 05

RECEIPTS.
Cash on hand January 1, 1913...............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on income shares..............................................................................
P r io r mortgages .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares repaid .........................................................................
Beal estate sold ..................................................................... 1.................
Interest received .......................................................................................
Prem ium received ......................................................................................
Bent received .............................................................................................
Advances repaid .......................................................................................
Expense transfer .......................................................................................
Special fund .................................................................................................
Taxes, insurance, etc ...............................................................................
B epairs to real estate.-. . ; ......................................................................
Furn itu re loss ...........................................................................................
P rofit and loss ...........................................................................................
Contingent fund ........................................................................................
Suspended accounts ................................................................................
M ortgage on real estate .........................................................................
U ndivided earnings ....................................................
B eal estate contracts ..............................................................................

$41,490
72,834
15,925
19,000
82,600
5 ,5 59
11,600
13,209
3, 095
814
6,951
1,984
17
5 ,6 43
49
10
19,561
142
183
4 ,3 0 0
573
100

64
07
00
00
00
05
00
59
65
11
07
65
00
75
65
.00
25
77
21
00
48
00

$305,644 94
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Loaned on shares ......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..




$ 76,450 00
7. 404 05
61 ,61 2 77

K ings C ounty .

161

P aid matured shares ...............................................................................
P aid incom e shares ..................................................................................
D ividends paid on w ithdraw al, or applied on loa n s..................
Cash dividends paid on income and accum ulative prepaid
shares .........................................................................................................
P aid borrow ed m oney and prior m ortga ges.....................................
P aid interest on borrow ed money and prior m ortgages.............
P aid for real estate ................................................................................
P aid salaries and clerk-hire...................................................................
P aid advertising, printing and p osta ge..........................................
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, etc .....................................................................
P aid banking departm ent, exam ination .............................................
P aid banking department, assessm ent................................................
Advances fo r taxes, insurance, e t c .....................................................
Special fund ...............................................................................................
Undivided earnings ..................................................................................
Suspended accounts ................................................................................
M ortgage on real esta te.........................................................................
Rent transferred ..................1..................................................................
Interest transferred ................................................................................
Prem ium transferred ..............................................................................
P rofit and loss ...........................................................................................
P rofit on real estate................................................................................
Cash on hand December 31, 1913.......................................................

$ 2 ,00 0 00
13,975 00
5,4 09 50
6,2 29
13,900
1,929
5 9,300
1,609
266
49
5,6 43
84
25
7, 208
21
2 ,6 73
533
4 ,150
814
11,280
3,095
8, 149
1 ,7 00
10,131

12
00
27
00
00
05
65
75
24
36
26
CO
17
78
00
11
32
65
30
00
59

$305,644 94
Plan, permanent. P ar value o f shares, $100. Instalm ents are 10 cents per
week, 50 cents per month.
Shares in force January 1, 1913. 12,866% shares issued during the year,
3,220; shares w ithdraw n during the year, 3,110; shares in force, 12,976% .
B orrow ing members, 56, holding 2.124 shares; non-borrow ing members, 670,
holding 10,852% shares. N o record of female shareholders. T ota l dividends
credited members during the year on instalm ent shares, $5,409.50; rate 5
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $6,229.12: rate, 5 per cent.
N o unnaid withdraw als.
Am ount o f shares m atured during the year,
$2,000. Operating expenses, as defined in section 227 o f the B anking Law,
incurred and naid during the year, $1,875.05. Unpaid, none.
Prem ium plan, instalment. Interest paid b y borrow ing members, 5 1/5
per cent, and 6 per cent. Prem ium paid by borrow ing members, 2 3 /5 per
cent, and 1 per cent.
Loans have been made in K in gs, Nassau, Queens and Suffolk counties, New
Y ork State. Largest m ortgage loan outstanding, $23,000.
M ortgages in
force in New Y ork State, $241,650. One foreclosure during the year.

EQUITABLE CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 124 Court street, Brooklyn, N. Y .
[Organized under Law of 1851.
Officers.
P r e s id e n t .....................
Secretary ....................
Treasurer ..................
a tto rn ey.......................

6




Commenced business 1888.]

Names.
.TAM^S P. JU D G E..................................
nrwroMAS M. MANNTON...................
.TAMES .T. GARLAND...........................
JAMES P. JU D G E.................................

Post-office addresses.
189 M ontague Street.
9 * 4 Macon Street.
89 Fourth Place.
189 Montague Street.

162

R eport

on

S a v in g s

and

a ss e t s

L oan

A s s o c ia t io n s .

.

Loans on bond and m ortg a g e.................................................................
E eal estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
Furn itu re and fixtures ..........................................................................
Advances for taxes, insurance, etc........................................................

$206,875
4 ,1 03
6 ,3 8 2
200
391

00
26
69
00
72

$217,952 67
LIA BILITIES.
Due shareholders, instalm ent shares.................................................
D ue shareholders, income shares........................................................
D ividends credited ................................................................... •
..............
Earnings undivided .......................’...........................................................
Contingent fund (as per section 225 o f B anking L a w ) ...........
D ividends payable .....................................................................................

$147, 158
44, 800
6 ,8 63
5, 598
12, 525
1,007

49
00
44
66
02
06

$217,952 67
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers...........................
Dues on income shares ............................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
In terest and premium received............................................................
Advances repaid .......................................................................................

$9,147 84
28,438 26
10, 050 00
14,700 00
13,081 60
421 64
$75,839 34

DISBURSEM ENTS.
Loaned on m ortgage ..............................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P aid matured shares ..............................................................................
P a id incom e shares ..................................................................................
Cash dividends paid on incom e and accum ulative prepaid
shares ..........................................................................................................
P a id salaries and clerk-h ire...................................................................
P a id advertising, printing and p osta g e.............................................
P a id r e n t .......................................................................................................
P a id taxes, insurance, etc .....................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, a ssessm en t...............................................
Advances fo r taxes, insurance, etc.........................................................
E x p e n s e s .........................................................................................................
E r r o r ................................................................................................................
Cash on hand December 31, 1913........................................................

$16,550
24,118
14,700
8, 050

00
43
00
00

1 ,854
2 ,4 9 3
229
325
87
29
17
707
278
15
6 ,3 82

60
84
42
28
29
35
57
83
04
00
69

$75,839 34

Plan, permanent. P ar value o f shares, $250 and $100. Instalm ents are
10 cents and 25 cents weekly.
Shares in force January 1, 1913, 6,165; shares issued during the year,
550; shares w ithdraw n during the year, 1,041; shares in force, 5,674. B or­
row in g members, 66, holding 803 sh a res; non-borrow ing members, 310, h old­
in g 4,871 shares. N o record of fem ale shareholders. T ota l dividends credited
members during the year on instalm ent shares, $6,863.44; rate, 5 per cent.
T ota l dividends credited or pa id in cash to members during the year on
other shares, $1,854.60; rate, 4 % per cent.
N o unpaid w ithdraw als. A m oun t of shares matured during the year,




K ings C ounty .

163

$14,700. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $3,326.58. Unpaid, none.
Prem ium plan, prem ium interest. Interest paid by borrow ing members, 5
per cent. Prem ium paid by borrow ing members, 1 8 /1 0 per cent.
Loans have been made in Bronx, K ings, New Y ork, Queens and Richm ond
counties, New Y ork State. Largest m ortgage loan outstanding, $7,000.
M ortgages in force in New Y ork State, $206,875. N o foreclosures during the
year.

FIFTH AVENU E SAVINGS AND LOAN ASSOCIATION.
N o. 483a F ifth avenue, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
P r e s id e n t .....................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1890.]

Names.
WM. M. KELLOGG...............................
STEPH EN Y. M cNAIR........................
WM. J. A LL EN ......................................
JAMES P. JU D G E.................................

Post-office addresses.
488 Thirteenth Street.
1837
61st Street.
505 Sixth Avenue.
189 M ontague Street.

ASSETS.
Loans on bond and m ortga ge................................................................
Loans on shares ........................................................................................
Real estate .................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtures ..........................................................................
Interest, premium, fees and fines due and u n p a id .........................

$90, 600
1, 400
5 ,718
3,486
50
946

00
00
73
28
00
26

$102,201 27
LIA BILITIES.
Due shareholders, instalment shares...................................................
Dividends credited ..................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ...........

$40,780
49, 188
2 ,973
9 ,259

13
19
71
24

$102,201 27
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers...........................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares repaid .........................................................................
Interest received ........................................................................................
Prem ium received ....................................................................................
R ent received ..............................................................................................

$2,353
13,355
9 ,500
15,400
1, 625
4, 945
758
442

28
77
00
00
00
64
28
73

$48,380 70
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Loaned on shares ....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ...
D ividends paid on w ithdraw al, or applied on loa n s....................
P aid borrowed money and prior mortgages .................................
P aid interest on borrow ed m oney and prior m ortgages..............
P aid salaries and clerk-hire ................................................................
P aid advertising, printing and p osta ge............................................
P aid rent ...................................................................................................
P aid repairs to real esta te ....................................................................




$10, 000
1,675
15,543
6 ,683
9, 500
102
753
19
216
144

00
00
25
94
00
09
82
90
00
40

164

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

P a id taxes, insurance, e t c ........................................................................
P a id banking
departm ent, exa m in a tion ............................................
P a id banking
departm ent, assessm ent...............................................
State League dues and expenses ......................................................•
.
A u ditin g .........................................................................................................
Office repairs
.....................................................................
I n s u r a n c e .......................................... ...........................................................
Cash on hand December 31, 1913............................................................

$154
12
8
17
30
23
10
3, 486

90
00
62
50
00
00
00
28

$48,380 70
Plan, permanent. P ar value o f shares, $250 and $100. Instalm ents are 10
cents and 25 cents weekly.
Shares in force January 1, 1913, 2,411; shares issued during the year, 390;
shares w ithdraw n during the year, 3 0 8 % ; shares in force, 2,492% . B or­
row in g members, 33, holding 362% shares; non-borrow ing members, 173, hold­
in g 2,130 shares. Fem ale shareholders, 77, holding 892 shares. T ota l d iv i­
dends credited members during the year on instalment shares, $4,784.63; rate,
5 % per cent.
N o unpaid w ithdraw als. Operating expenses, as defined in section 227 of
the Banking Law , incurred and paid during the year, $1,070.22. Unpaid,
none.
Prem ium plan, instalm ent. Interest paid by b orrow in g members, 5 %
per cent. Prem ium paid by borrow ing members, 2 cents to 10 cents per share
per week.
Loans have been made in K in gs county, New Y ork State. Largest m ort­
gage loan outstanding, $6,500. M ortgages in force in New Y ork State,
$90,600. N o foreclosures during the year.

FLATBUSH CO-OPERATIVE SAVINGS AND

LOAN ASSOCIATION.

N o. 881 Flatbush avenue, Brooklyn, N. Y.
[Organized under Law of 1887.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ................ :
A ttorney .....................

Commenced business 1889.]

Names.
EDWARD B. VANDE R V EE R ..........
JO SEPH F. CURREN..........................
GEORGE W. EG BERT........................
JOHN D. PRINCE, J R ........................

Post-office addresses.
158 M ontague Street.
828 Rogers Avenue.
126 E. 19th Street.
162 Montague Street.

ASSETS.
Loans on bond and m ortga ge......................................
Loans on shares.................................................................
Cash on hand and in b a n k ............................... .............
Furn itu re and fixtu res...................................................
Interest, premium, fees and fines due and unpaid

$124,316 83
1,795 00
1,053 74

100 00
2 ,3 61 18
$129,626 75

LIABILITIES.
Due shareholders, instalm ent shares...................................................
D ividends credited .....................................................................................
B orrow ed m o n e y ...................... ..................................................................
E arnings undivided ..................................................................................
Contingent fund (as per section 225 of B anking L a w ) .............
Unearned or rebatable prem iu m ..........................................................
Suspended dues and dividen ds..............................................................




$93,840
19,721
1,500
3, 068
6, 578
3,941
976

00
75
00
37
82
69
12

$ 1 2 9 ,6 2 6 75

K ings C ounty .
RECEIPTS.
Cash on hand January 1, 1913............................ ................................
Dues on instalm ent snares credited to m em bers.............................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares rep a id ..............................................................................
Fees received ...............................................................................................
Fines received .............................................................................................
Interest received .........................................................................................
Revferted d iv id e n d s .................................................................................
Furniture and fixtu res..............................................................................
D ividends c r e d ite d ......................................................................................
Suspended dues and dividen ds..............................................................
P rofit and lo s s .............................................................................................

165
$ 3,023
19,958
13, 561
33, 383
600
51
209
5, 908
188
25
348
976
689

52
00
86
80
00
75
43
58
01
00
07
12
98

$78,924 12
DISBURSEMENTS.
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P aid m atured shares ..................................................... ..........................
Dividends paid on w ithdraw al, or applied on loa n s......................
P aid borrow ed money and prior m ortga ges....................................
P aid interest on borrowed money and prior m ortga ges................
P aid salaries and clerk -h ire...................................................................
P aid advertising, printing and p osta ge............................................
P aid rent ......................................................................................................
P aid hanking department, exam ination ........... .. . ...........................
P aid banking department, assessm ent.................................................
Sundry expenses .........................................................................................
Prem ium rebated ......................................................................................
Furniture and fixtu res..............................................................................
P rofit and lo s s .............................................................................................
Cash on hand December 31, 1913..........................................................

$1,720
21,308
36, 955
3, 313
12,061
113
660
47
120
24
13
39
896
25
573
1,053

00
00
02.
74
86
34
00
70
00
00
03
25
05
00
39
74

$78,924 12
Plan, permanent. P ar value of shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 1,932; shares issued during the year, 212;
shares withdrawn during the year, 579; shares in force, 1.565. Borrow ing
members, 34, holding 699 shares; non-borrow ing members, 167, holding 866
shares. Female shareholders, 81, holding 543 shares. T otal dividends credited
members during the year on instalment shares, $4,671.67; rate, 6.2428 per
cent. T ota l dividends forfeited by w ithdraw ing members during the vear,
$188.01.
N o unpaid w ithdraw als. Am ount of shares m atured during the year,
$36,955.02. Entrance or membership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 of the B anking Law, incurred and paid dur­
ing the year, $866.95. Unpaid, none.
Prem ium plan, gross. Interest paid by borrow ing members, ,5 per cent, on
m ortgage loa n s; 6 per cent, on stock loans. Prem ium paid by borrow ing
members, $2.50 per share.
Loans have been made in K in gs and Queens counties, N ew Y ork State.
Largest m ortgage loan outstanding, $12,152.50. M ortgages in force in New
York State, $124,316.83. N o foreclosures during the year.




1 6 6

R eport

on

S avings

and

L oan A ssociations.

FORT GREENE CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
N o. 401 Bridge street, B rooklyn, N. Y .
[Organized under'Law of 1851.

Treasurer ..................
Attorney .....................

Commenced business 1889.]

JAMES R. BRACKEN..........
HENRY E. HE I ST A D .........

83 North E llicott Place.
190 Montague Street.

ASSETS.
Loans on bond and m ortg a g e.................................................................
Loans on shares...........................................................................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .......................................................................
Fu rn itu re and fixtu res.................. ...........................................................
Interest, premium, fees and fines due and u n p a id ........................

$121,900
11,718
7, 300
6,687
100
891

00
50
00
82
00
26

$148,597 58
LIA B IL IT IE S.
D ue shareholders, instalm ent shares...................................................
D ividends credited .....................................................................................
B orrow ed m o n e y .........................................................................................
Earnings undivided
..........................................................................
Contingent fund (as
per section 225 o f Banking L a w ) .............
Suspense account .......................................................................................
Com m issions on sale of real’ esta te..........................................................
Interest d u e ..................................................................................................

$113,554
28, 072
1,000
2 ,4 71
3 ,4 09
6
75
8

49
84
00
49
25
00
00
51

$148,597 58
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalment shares credited to m em bers.............................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ..............................................................................
Real estate s o ld ...........................................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
In terest received .........................................................................................
Prem ium received .......................................................................................
R en t r e c e iv e d ................................................................................................
Advances repaid .........................................................................................
A ppraisers’ f e e s ...........................................................................................
Dues and dividends to real esta te........................................................

$6,731
24,273
2, 000
10,750
3 ,507
3, 850
27
71
6 ,5 1 0
1, 248
98
35
25
530

37
02
00
00
00
00
25
86
65
51
00
62
00
82

$59,6 5 9 10
DISBURSEM ENTS.
Loaned on m ortga ge...................................................................................
Loaned on shares.........................................................................................
In stalm en t dues repaid on w ithdraw al o r applied on lo a n s .. . .
P a id m atured shares...................................................................................
D ividends paid on w ithdraw al, or applied on loa n s.....................
P a id borrow ed money and p rior m ortga ges......................................
P aid interest, on borrow ed m oney and prior m ortga ges................
P a id for real esta te.....................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, printing and p osta g e.............................................




$31,100
3 ,5 3 3
5,1 89
5 ,2 76
457
1 ,0 0 0
12
4,381
859
34

00
00
99
66
04
00
50
06
00
80

K ings C ounty .

167

P aid rent ............................................................................................... ......
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, etc.......................................................•
.................
P aid banking departm ent, exam ination .............................................
P aid banking departm ent, assessm en t..............................................
Officers’ bonds .............................................. : ............................................
State League du es...............
A ppraisal ......................................................................................................
Cash on hand December 31, 1913..........................................................

$156
306
594
18
.10
12
11
25
6,6 87

25
22
05
00
21
00
50
00
82

$59,659 10
Plan, permanent. P ar value of shares, $200 and $250. Instalm ents are $1
m onthly and 25 cents weekly.
Shares in force January 1, 1913, 1,884 1 /2 0 ; shares issued during the
year, 4 3 2 % ; shares w ithdraw n during the year, 2 2 9 % ; shares in force,
2,087 7 /2 0. B orrow ing members, 26, holding 350 17/20 shares; non-borrow ing
members, 231, holding 1,736% shares. Fem ale shareholders, 86, holding 513%
shares. T ota l dividends credited members during the year on instalm ent
shares, $7,107.96; rate, 6 per cent. T otal dividends forfeited by w ithdraw ing
members during the year, $140.34.
N o unpaid w ithdraw als. A m ount o f shares m atured during the year,
$5,276.66. Entrance or membership fee, 25 and 50 cents per member. O perat­
ing expenses, as defined in section 227 of the Banking Law, incurred and
paid during the year, $1,073.55. Operating expenses, as defined in section 227
o f the Banking Law, incurred during the year and rem aining unpaid, $75.
Prem ium plan, instalment. Interest paid by borrow ing members, 5 per
cent, and 6 per cent. Prem ium paid b y borrow ing members, % per cent.
Loans have been made in K ings, New Y ork, Queens and R ichm ond counties,
New Y ork State. Largest m ortgage loan outstanding, $6,500. M ortgages in
force in New Y ork State, $121,900. One foreclosure during the year.

FULTON CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No.

177 Court street, Brooklyn, N. Y.

[Organized under Law of 1851.
Officers.
P r e s id e n t ...................
Secretary ....................
Treasurer ...................
A ttorney .....................

Commenced business 1888.]

Names.
Post-office addresses.
E . DROSSE .....................................
25
Broad Street, New York.
J. F. RATHBON.............................
136
W illoughby Street.
CHARLES C. JACOBS............
796 President Street.
RALPH K. JACOBS...................
215
M ontague Street.

ASSETS.
Loans on bond and m ortga ge...................................................................
Loans on shares...........................................................................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtu res..............................................................................

$28, 350
354
9, 250
347
257

00
00
00
71
60

$38,559 31
LIABILITIES.
D ue shareholders, instalm ent shares...................................................
Due shareholders, income shares..........................................................
Dividends credited .....................................................................................
Contingent fund (as per section 225 of Banking L a w ) ..............




$22, 409
8 ,3 0 0
4, 513
3 ,3 36

45
00
11
75

$38,559 31

168

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

RECEIPTS.
Cash on hand January 1, 1913...............................................................
Dues on instalm ent shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real e sta te. .
Loans on shares re p a id ..............................................................................
Fees r e c e iv e d ................................................................................................
In terest received ................................................................... •
....................
R en t r e c e iv e d ................................................................................................

$4,731
8,0 85
1 ,500
1, 620
2
1,501
726

38
16
00
00
00
31
25

$18,166 10
DISBURSEM ENTS.
Loaned on m ortga ge...................................................................................
Loaned on shares..........................................................................................
In stalm en t dues repaid on w ithdraw al, or applied on lo a n s___
P a id incom e shares.....................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s .........................
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ................................... . .....................................................................
P a id borrow ed m oney and prior m ortga ges......................................
P a id salaries and cle rk -h ire ..................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent.................................................
F u rn itu re and fix tu r e s ..............................................................................
Sundrv expenses .......................................................
L ig h t \ . ..................................................................................., ......................
R eal estate expenses...................................................................................
Cash on hand December 31, 1913........................................................

$ 5 ,7 0 0
646
5 ,3 6 2
700
532

00
00
31
00
71

432
3, 500
338
19
3
1
32
58
492
347

48
00'
00
60
20
50
42
08
09
71

$18,166 10

Plan, serial. P a r value o f shares, $100. Instalm ents are 10 cents weekly.
Shares in force Janu ary 1, 1913, 5 4 6 % ; shares issued during the year, 5 0 ;
shares w ithdraw n du rin g the year, 7 6 ; shares in force, 520% . B orrow in g
members, 10, holding 124% shares; non-borrow ing members, 50, holding 396
shares. Fem ale shareholders, 14, holding 121 shares. T ota l dividends credited
members during the year on instalm ent shares, $1,230.25; rate, 5 per cent.
T ota l dividends credited or paid in cash t o members during the year on other
shares, $432.48; rate, 5 per cent.
N o unpaid w ithdraw als. Entrance or mem bership fee, 50 cents per member.
O perating expenses, as defined in section 227 o f the Banking Law , incurred
and paid during the year, $428.50. U npaid, none.
1
N o premium plan. In terest paid b y borrow in g members, 5 per cent, and
6 per cent. N o prem ium charged.
Loans have been made in K in gs, Queens and R ichm ond counties, N ew Y ork
State. Largest m ortgage loan outstanding, $3,700. M ortgages in force in
N ew Y ork State, $28,350. N o foreclosures during the year.

GERMAN BUILDING AND SAVING COMPANY OF BROOKLYN, N, Y .
N o. 949 W illou gh b y avenue, B rooklyn, N . Y .
[Organized under Law of 1851.
Officers.
P resident ....................
Secretary ....................
Treasurer ....................
A ttorney .....................




Commenced business 1886.]

Names.
HENRY C. MACHOLD............
ADAM ARCHINAL .................
ADAM ARCHINAL ................
GEORGE L. STAMM................

166
272
272
140

Post-office addresses.
Chauncey Street.
F orest Avenue.
F orest Avenue.
N assau St., New York.

K ings C ounty .

169

ASSETS.

Loans on bond and m ortga ge.................................................................
Loans on shares...........................................................................................
Cash on hand and in b a n k .....................................................................

$18,650 00
395 00
2 ,121 57
$21,166 57

L IA B IL IT IE S .

Due shareholders, instalm ent shares.................................................
D ividends credited ....................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ................
Unearned or rebatable prem iu m ............................................................

$18,440
1,671
439
307
307

40
84
19
69
45

$21,166 57
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.............................
M ortgages redeemed,foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ...........................................................................
Fees received ...............................................................................................
Fines received .............................................................................................
Interest r e c e iv e d ........................................................................................

$ 2,610 79
6, 039 00
500 00
714 00
76 42
33 62
1, 194 33
$11,168 16

DISBURSEMENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
D ividends paid on w ithdraw al, or applied on loa n s.................. . . .
P aid salaries and clerk-h ire...................................................................
P aid advertising, printing and p osta ge.............................................
P aid banking department, exam ination .............................................
P aid banking department, assessm ent.................................................
Officers’ bonds .............................................................................................
Safe deposit v a u lt.......................................................................................
F ire in s u r a n c e .............................................................................................
Real estate assessm ent..............................................................................
Cash on hand December 31, 1913............................................................

$1,700
480
5, 270
1, 073
461
18
12
1
8
5
2
11
2, 121

00
00
76
77
50
90
00
66
80
00
50
70
57

$11,168 16

Plan, serial and permanent. P ar value o f shares, $100. Instalm ents are
10 cents weekly.
Shares in force January 1, 1913, 1,145; shares issued during the year, 350;
shares withdraw n during the year, 2 25; shares in force, 1,270. B orrow ing
members, 12, holding 195 shares; non-borrow ing members, 104, holding 1,075
shares. Female shareholders, 31, holding 300 shares. Total dividends credited
members during the year on instalm ent shares, $769.55; rate, 4^/2 per cent.
T otal dividends forfeited by w ithdraw ing members during the year, $41.17.
N o unpaid w ithdrawals. Entrance or membership fee, 25 cents per member
and 10 cents per share. Operating expenses, as defined in section 227 of the
B anking Law, incurred and unpaid during the year, $496.70. Unpaid, none.
Prem ium plan, gross. Interest paid by borrow ing members, 6 per cent.
Prem ium paid by borrow ing members, 2 per cent.
Loans have been made in K ings, Nassau and Queens counties, New Y ork
State. Largest m ortgage loan outstanding. $3,500. M ortgages in force in
New Y ork State, $18,650. N o foreclosures during the year.




170

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

GERMANIA BUILDING, SAVING AND LOAN INSTITUTION.
N o.

1269 G ates avenue, B rooklyn, N. Y .

[Organized under Law of 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ...................
A ttorney .....................

Commenced business 1888.]

Names.
FREDERICK S. SCHACKNE..........
ADO GLAESER .................................
ARTHUR J. W ISBAUER..................
GEO. F . A LE X A N D E R ......................

Post-office addresses.
110 Palm etto Street.
97 Stanbope Street.
142 F oxall Street.
315 W ashington Street.

ASSETS.
Loans on bond and m ortga ge...............................................................
Loans on shares .......................................................................................
Cash on hand and in b a n k ...................................................................
Furn itu re and fixtures ..........................................................................
Interest, prem ium , fees and fines due and u n p a id ......................
B y-law s and banks ...................................................................................

$2, 750'
25
374
55
54
12

00
00
78
00
34
00

$3,271 12
LIA BILITIES.
D ue shareholders, instalm ent shares....................................................
D ividends credited ...................................................................................
E arnings undivided .................................................................................
Contingent fund (as per section 225 o f B anking L a w ) ..............

$3,035
107
56
70

65
80
79
88

$3,271 12
RECEIPTS.
Cash on hand January 1, 1913.................... : .....................................
D ues on instalm ent shares credited to m em bers...........................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
Fees received ..............................................................................................
In terest received ........................................................................................
......................................
Sale o f by-law s ................................................. •

$172
1,001
400
8
126
4

67
35
00
60
70
75

$1 ,71 4 07
DISBURSEM ENTS.
Loaned on shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p o sta g e.............................................
P a id banking departm ent, exam in ation ..........................................
P a id banking departm ent, assessm ent...............................................
Cash on hand December 31, 1913........................................................

$25
1,131
128
15
26
12

00
43
92
16
45
00
33
374 78

$ 1 ,7 1 4 07

Plan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents
w eekly.
Shares in force January 1, 1913, 326; shares issued during the year, 105;
shares w ithdraw n during the year, 3 4 ; shares in force, 397. B orrow in g
members, 4, holding 45 shares; non-borrow ing members, 45, holding 352
shares. Fem ale shareholders, 8, h oldin g 32 shares. T ota l dividends
credited members durin g the year on instalm ent shares, $107.80; rate, 5
per cent.
N o unpaid w ithdraw als. Operating expenses, as defined in section 227 o f




K ings C ounty .

m

the B anking Law, incurred and paid during the year, $41.61. Unpaid, none.
N o prem ium plan. Interest paid by borrow ing members, 5 per cent, and
6 per cent. N o premium charged.
Loans have been made in K ings and Queens counties, New Y ork State.
Largest m ortgage loan outstanding, $2,050. M ortgages in force in New
Y ork State, $2,750. N o foreclosures during the year.

HAMILTON CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
N o. 496a Court street, B rooklyn, N. Y.
[Organized under Law of 1851.
Officers.
P r e s id e n t .....................
S e c r e ta r y .....................
T r e a su r e r ....................
A tto r n e y .......................

Commenced business 1889.]

Names.
J. BARTH. C R O N IN ..............................
CHAS. J. CULLEN...................................
FRANCIS SHEA .....................................
JOHN P. H URLEY..................................

Post-office addresses.
573 Clinton Street.
39 Third Place. •
518 Court S tr eet
489 Clinton Street.

ASSETS.
Loans on bond and m ortg a g e.....................................................- . . . .
Loans on shares .......................................................................................
R eal estate ................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtu res..............................................................................
Advances fo r taxes, insurance, etc.....................................................

$84,900
1, 722
5 ,4 99
9 ,1 06
337
3 ,7 58

00
00
22
66
77
36

$105,324 01
LIA B IL IT IE S.
Due shareholders, instalm ent shares.................................................
Due shareholders, savings shares .....................................................
Balance to be paid borrow ers on m ortgage lo a n s .............................
Earnings undivided.....................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ..............

$70,153
27,299
2, 247
1,672
3,951

04
35
50
34
78

$105,324 01
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers...........................
Dues on savings shares .........................................................................
M ortgages redeemed, foreclosed or transferred to real estate. . .
Loans on shares r e p a id ...........................................................................
Real estate sold .........................................................................................
Fees received ...............................................................................................
Fines received................................................................................................
Interest received...........................................................................................
Prem ium received........................................................................................
Rent received.................................................................................................
Advances repaid...........................................................................................
Cash over........................................................................................................
Appraisers’ fees............................................................................................
Cash for check ...........................................................................................
Insurance premium refunded ..............................................................
D ividend returned........................................................................................
Deposit, account of search ..................................................................




$23,773
32,596
36,159
13,498
4, 710
4 ,0 00
29
125
4, 703
609
309
1,677
32
42
50
5
4
70

36
72
92
80
65
00
25
38
99
23
35
93
07
50
00
63
96
00

$122,399 74

172

R eport

on

S avings

and

L oan A ssociations.

DISBURSEM ENTS.
Loaned on m ortgage ..............................................................................
Loaned on shares .....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid savings shares ................................................................................
P aid fo r real esta te..................................................................................
P aid salaries and clerk-hire ................................................................
Paid advertising, printing and p osta ge..............................................
P aid rent..................................................................................................
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, e t c .....................................................................
P aid banking departm ent, exam ination ..........................................
P aid banking department, assessm ent...............................................
Officers’ bonds................................................................................................
Advances for taxes, insurance,
e tc ..................................................
M etropolitan and state League dues and expenses.......................
L igh t and heat .........................................................................................
D irectors’ fees...............................................................................................
A ppraisers’ fees............................................................................................
Janitress............................................................................,.............................
Counsel fees....................................................................................................
Real estate commissions .......................................................................
Real estate sale expenses .......................................................
Com m ission......................................................................................................
Cash short.......................................................................................................
Searching..........................................................................................................
Check for cash ...........................................................................................
A ppraisers’ expenses. . ............................................................................
P etty cash.......................................................................................................
D ividends.........................................................................................................
Cash on hand December 31, 1913...................... .................................

$31,452
4 ,7 3 9
53,887
8, 860
5, 229
1,276
74
216
238
212
45
7
12
2 ,3 38
22
55
61
42
60
25
100
35
2
40
70
50
8
4
4, 123
9 ,1 06

50
75
93
57
59
71
89
00
10
19
50
88
00
41
00
46
50
50
00
00
00
56
00
42
00
00
60
54
48
66

$122,399 74

Plan, permanent. P ar value o f shares, $200 and $250. Instalm ents are
25 cents weekly.
Shares in force January 1, 1913, 4,090 6-10; shares issued during the year,
2,047% ; shares withdrawn during the year, 892; shares in force, 5,246 7/2 0 .
Ron-ow ing members, 29, holding 405 7/2 0 shares; non-borrow ing members,
530, holding 4,841 shares. Female shareholders, 309, holding 2,578 shares.
T otal dividends credited members during the year on instalm ent shares,
$3,750.16: rate, 5 per cent. T otal dividends credited or paid in cash to mem­
bers during the year on other shares, $373.32; rate, 4 % per cent.
N o unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 o f the Banking Law, incurred
and paid during the year, $1,793.70. Unpaid, none.
Prem ium plan, instalment.
Interest paid by borrow in g members, 5 1/5
per cent, and 6 per cent. Premium paid by borrow ing members, 10 cents per
share per week.
Loans have been made in K ings county, New Y ork State. Largest m ort­
gage loan outstanding, $8,000.
M ortgages in force in New Y ork State,
$84,900. No foreclosures during the year.




K ings C ounty .

IT 3

KINGS COUNTY SAVINGS AND LOAN ASSOCIATION.
N o. 1161 Fulton street, Brooklyn, N. Y .
[Organized under Law of 1910.
Officers.
P resid en t.....................
S ecretary.....................
T reasurer.....................
A ttorn ey.......................

Commenced business 1913.]

Names.
JOHN H. McCLURKIN..........................
EDGAR D. N E SB IT T ..............................
WESLEY S. TW IDDY...............................
JOHN R. MANLET...................................

Post-office addresses.
240
Madison Street.
405
Quincy Street.
604
Hancock Street.
822
Marcy Avenue.

ASSETS.
Cash on hand and in h an k ............................................
Instalm ents due and unpaid ........................................
Interest, premium, fees and fines due and unpaid

$1,320 45
40 00
80
$1,370 25

LIA B IL IT IE S.
Due shareholders, instalm ent shares ..............................................
Due shareholders, accum ulative prepaid shares.............................
Due shareholders, income shares .....................................................
Earnings undivided.................................................

$365
200
800
4

50
00
00
75

$1.370 25
RECEIPTS.
Dues
Dues
Dues
Fees

on instalment shares credited to m em bers.................................
on accum ulative prepaid shares.................................................
on income shares ..........................................................................
received...............................................................................................

$325
200
800
22

50
00
00
00

$1,347 50
DISBURSEMENTS.
Paid advertising, printing and p osta g e ..........................................
Officers’ bonds...............................................................................................
Cash on hand December 31, 1913.......................................................

$4 45
13 60
1,329 45
$1,347 50

Plan, permanent. P ar value of shares, $200. Instalm ents are 50 cents
and $1 m onthly.
Shares issued during the year, 150; shares w ithdraw n during the year,
none; shares in force, 150. B orrow ing members, none. N on-borrow ing mem­
bers, 22, holding 150 shares.
Female shareholders, 3, holding 12 shares.
Entrance or membership fee, $1 per member. Operating expenses, as de­
fined in section 227 of the Banking Law, incurred and paid during the year,
$18.05. Unpaid, none
Premium plan, instalm ent. N o m ortgage loans outstanding.

MADISON CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
N o. 897 Gates avenue, Brooklyn, N. Y.
[Organized under Law of 1851.

Commenced business 1888.]

Officers.
Names.
Post-office addresses.
P r e s id e n t ........................ E.0 . BRAGDON.............................
80 P ine Street. New York.
Secretary ..............' ... CHARLES F. WILCOX............
18 Revere Place.
Treasurer .....................
R..T D O BB IN .................................
.
690 Park Place.
Attorney ........................
Z.D. RACE......................................
176 Broadway, New v^ T
*k.




174

R eport

on

S a v in g s

L oan

and

a ss e t s

A s s o c ia t io n s .

.

Loans on bond and m ortga ge.................................................................
Loans on shares .......................................................................................
Cash on hand and in b a n k .....................................................................
F urniture and fixtures .........................................................................
Advances for taxes, insurance, e t c ...................................................

$95,200
1, 910
2 ,7 8 0
25
106

00
00
89
00
00

$100,021 89
LIABILITIES.
D ue shareholders, instalm ent shares ...............................................
D ue shareholders, incom e shares ........................................................
D ividends credited.......................................................................................
B orrow ed m oney...........................................................................................
Earnings undivided......................................................................................
C ontingent fund (as per section 225 o f Banking L a w ) ..............
Special deposit..............................................................................................

$53, 333
33,700
7, 548
3 ,0 00
1,177
1,105
158

00
00
08
00
18
46
17

$100,021 89
RECEIPTS.
Cash on hand January 1, 1913............................................................
D ues on instalm ent shares credited to m em bers.............................
Dues on income shares ..........................................................................
M oney borrow ed............................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares repaid .........................................................................
Fines received................................................................................................
In terest received .......................................................... ............................
Prem ium received.........................................................................................
Reverted dividends.......................................................................................

$ 3,568
21 ,81 6
12, 200
10,300
13 600
1, 780
106
5 ,0 2 5
244
95

30
00
00
00
00
00
64
54
67
42

$68,736 57
DISBURSEM ENTS
Loaned on m ortgage ................................................................................
Loaned on shares .....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P aid matured shares ..............................................................................
D ividends paid on withdraw al, or applied on loa n s......................
Cash dividends paid on incom e and accum ulative prepaid
shares............................................................................................................
P aid borrow ed m oney and p rior m ortgages....................................
P a id interest on borrow ed m oney and prior m ortgages................
P a id salaries and clerk-h ire...................................................................
P aid advertising, printing and p osta g e ............................................
P aid ren t.........................................................................................................
P a id banking department, exam ination ..........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bond3................................................................................................
M etropolitan and State League du es.................................................
A u d ito rs............................................................................................................
S u ndry expenses............................................................................................
Cash on hand December 31, 1913.....................................................

$32, 900
2 ,2 05
7,272
11,000
2 ,9 88

00
00
00
00
36

1, 253 00
7, 300 00
168 90
475 00
207 90
84 00
26 00
6 52
16 00
31 00
12 00
10 00
2, 780 89
$68,736 57

Plan, permanent.
m onthly.




P ar value o f shares, $100 and $200.

Instalm ents are $1

175

K ings C ounty .

Shares in force Janu ary 1, 1913, 1,262; shares issued during the year,
753; shares w ithdraw n during the year, 408; shares in force, 1,607. B or­
row ing members, 37, holding 503 shares; non-borrow ing members, 173, hold­
ing 1,104 shares. Fem ale shareholders, 58, holding 429 shares. T otal div i­
dends credited members during the year on instalm ent shares, $2,900.46;
rate, 5 per cent. T ota l dividends credited or paid in cash to members during
the year on other shares, $1,253; rate, 5 per cent. Total dividends forfeited
b y w ithdraw ing members during the year, $95.42.
N o unpaid w ithdraw als.
Am ount o f shares matured durin g the year,
$11,000. Operating expenses, as defined in section 227 o f the Banking Law,
incurred and paid during the year, $835.90. Unpaid, none.
N o premium plan. Interest paid by borrow ing members, 6 per cent. N o
prem ium charged.
Loans have been made in K in gs, Queens, Richm ond, R ockland and W estchest sr counties, New Y ork State, and in New Jersey. Largest m ortgage
loan outstanding, $9,000. M ortgages in force in New Y ork State, $50,100.
N o foreclosures during the year.

MODEL BUILDING AND LOAN ASSOCIATION OF BROOKLYN, N. Y.
N o. 129 Ralph avenue, B rooklyn, N . Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1889.]

Names.
THOMAS F. L A R K IN ...................
JOHN F. LYNCH............................
FREDERICK L. J E N K IN S .. . .
LEONARD J. LANGBIEN..........

Post-office addresses.
488 Decatur Street.
486-a Decatur Street.
133 Bainbridge Street.
30? Broadway, New York

ASSETS.
Loans on bond and m ortga ge......................................
Loans on shares ............................................................
Stocks and bond s..............................................................
R eal e s t a t e .........................................................................
Cash on hand and in b a n k ..........................................
Interest, premium, fees and fines due and unpaid

$43,850
850
2,6 62
500
4 ,3 02
160

00
00
50
00
74
39

$52,325 83
LIA B IL IT IE S.
D ue shareholders, instalm ent shares.....................................................
Due shareholders, incom e shares............................................................
Dividends credited ....................................................................................
P rior m o r tg a g e s ...........................................................................................
Earnings undivided ..................................................................................
Contingent fund ( as per section 225 of Banking L a w ) .............
Interest on m ortga ge................................................................................
Special deposit ...........................................................................................
Suspense account .......................................................................................

$22,704
12,463
2, 967
8, 000
2, 057
3, 900
137
72
23

43
00
74
00
82
00
50
05
29

$52,325 83
R E C E IP T S .

Cash on hand January 1, 1913............................................................
Dues on instalment shares credited to m em bers.............................
Dues on income shares..............................................................................
P rio r m o r t g a g e s .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
Loans on shares re p a id ..............................................................................




$4,279
7, 654
4, 500
3, 500
400
825

77
69
00
00
00
00

176

R eport

on

S avings

and

L oan A ssociations.

Fees received ................................................................................................
Interest r e c e iv e d ..........................................................................................
Prem ium r e c e iv e d ...................................................
A ppraisal f e e s ..............................................................................................

$50
2 ,3 55
517
5

91
17
50
00

$24,088 04
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ...
P a id m atured shares...................................................................................
P aid income shares.....................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ......................
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ..........................................................................................
P aid interest on borrow ed m oney and p rior m ortga ges..............
P a id salaries and clerk-h ire........................
P a id advertising, printing and posta ge.............................................
P aid rent .......................................................................................................
P a id taxes, insurance, etc.........................................................................
P a id banking departm ent, exam in ation .............................................
P a id banking departm ent, a ssessm en t...............................................
Officers’ b o n d s ..............................................................................................
State League dues and expenses............................................................
Suspense a c c o u n t .........................................................................................
A pp raisal f e e s ..............................................................................................
R efun d o f m ortgage t a x ..........................................................................
Cash on hand December 31, 1913..........................................................

$5 ,00 0
450
4 ,3 2 8
2 ,7 2 8
5 ,0 0 0
546

00
00
34
92
00
33

634
247
605
30
120
2
29
3
16
15
4
5
17
4, 302

09
50
00
94
00
92
25
85
00
00
66
00
50
74

$24,088 04
Plan, permanent. P a r value of shares, $100. Instalm ents are 25 cents
weekly.
Shares in force January 1, .1913, 1,718% ; shares issued during the year,
2 61; shares w ithdraw n during the year, 347; shares in force, 1,632%. B or­
row in g members, 18, holding 379% shares; non-borrow ing members, 113, h old­
ing 1,253 shares. Fem ale shareholders, 39, holding 262 shares. T ota l d iv i­
dends credited members during the year on instalm ent shares, $1,230.15; rate,
6 per cent. Total dividends credited or paid in cash t o members during the
year on other shares, $634.09; rate, 5 per cent, and 6 per cent.
N o unpaid w ithdraw als. A m oun t o f shares matured during the year,
$2,728.92. Operating expenses, as defined in section 227 of the B anking Law,
incurred and paid during the year, $786.94. Unpaid, none.
Prem ium plan, prem ium -interest. Interest paid by borrow ing members,
5 % per cent. Prem ium paid by b orrow in g members, 3 cents per share per
week.
Loans have been made in K in gs and Queens counties, New Y ork State.
L argest m ortgage loan outstanding, $5,000. M ortgages in force in N ew Y ork
State, $43,850. N o foreclosures during the year.

N ASSAU CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 2738 A tla n tic avenue, B rooklyn, N . Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t.....................
Secretary ....................
Treasurer ...................
A ttorneys .....................




Commenced business 1889.]

Names.
CARL E. ANSELM ...............................
M. V. P O R N FY ......................................
GEORGE A. F. NO RTH............ - . .
KIENDL, SMYTH & GROSS.............

Post-office addresses.
62 Elton Street.
29 Jerome Strept
108 Van Siclen Avenue.
?590 A tlantic Avenue.

K ings C ounty .

177

ASSETS.
Loans on bond and m ortg a g e...................................................................
Contracts for the sale of real esta te.................................................
R eal e s t a t e ..............................................■..............................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtu res..............................................................................
Interest, premium, fees and fines due and u n p a id ...........................
Advances for taxes, insurance, e t c ...................................................
Special d e p o s it s ...........................................................................................

$475, 400
2 ,7 5 0
2 ,7 4 4
49, 017
288
3, 600
386
163

00
00
70
14
29
68
01
83

$534,350 65
L IA BILITIES.
Due shareholders, instalm ents and dividen ds..................................
Earnings undivided ............. ....................................................................
Contingent fund (as per section 225 of Banking L a w ) ................
Suspense account .......................................................................................

$514,807
631
18. 863
’
47

95
55
41
74

$534,350 65
RECEIPTS.
Cash on hand January 1, 1913.................................................................
Dues on instalm ent shares credited to m em bers..............................
M ortgages redeemed,foreclosed or transferred to real e s ta te ..
Fees received ...............................................................................................
Interest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................
R ent r e c e iv e d ................................................................................................
Advances repaid .........................................................................................
Special d e p o s it s ...........................................................................................
S u n d r ie s .........................................................................................................

$16. 869
151,268
36.700
215
26. 009
4. 753
45
1,309
Ill
11

83
85
00
00
48
68
00
89
00
00

$237,293 73
DISBURSEM ENTS.
Loaned on m o r t g a g e ................................. ................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P aid m atured shares ................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ......................
P aid salaries and clerk -h ire.....................................................................
Paid advertising, prin tin g and p osta ge............................................
P aid rent ......................................................................................................
P aid repairs to real esta te.......................................................................
P aid banking department, exam ination ............................................
P aid banking department, assessment ............................................
Officers’ bonds .............................................................................................
Advances for taxes, insurance, e tc ....................................................
M etropolitan and State League du es...................................................
Special d e p o s it s ...........................................................................................
Tax searches ...............................................................................................
L ig h t in g .........................................................................................................
Burglar alarm ...........................................................................................
F u r n itu r e .......................................................................................................
S u n d r ie s .........................................................................................................
Cash on hand December 31, 1913.................... : ...................................




$46. 300
93.208
37 ,70 0
4. 921
2 .7 96
174
360
674
36
39
33
1.655
14
120
94
64
30
24
29
49,017

00
31
00
85
00
05
00
98
00
62
60
07
50
00
25
97
00
00
39
14

$ 23 7 ,2 9 3 73

178

R eport

on

S avings

and

L oan A ssociations.

Plan, permanent. P ar value of shares, $100 and $250. Instalm ents are
10 cents and 25 cents weekly.
Shares in force January 1, 1913, .12,735; shares issued during the year,
3,206; shares w ithdraw n during the year, 1,481; shares in force, 14,460.
B orrow in g members, 95, holding 1,388 shares; non-borrow ing members, 1,432,
holding 13,072 shares. N o record o f fem ale shareholders. Total dividends
credited members during the year on instalm ent shares, $26,27.1.39; rate, 5%
per cent.
T otal dividends forfeited by w ithdraw ing members during, the
year, $8.67.
N o unpaid w ithdraw als. A m ount o f shares matured durin g the year,
$37,700. Entrance or mem bership fee, $1 per1 member. Operating expenses,
as defined in section 227 of the B anking Law, incurred and paid durin g the
year, $3,567.37. Unpaid, none.
Prem ium plan, installm ent.
Interest paid by borrow ing members, 5 ^
per cent. Prem ium paid by borrow ing members, 4 cents per share per week.
Loans have been made in K ings, Nassau and Queens counties, New Y ork
State. Largest m ortgage loan outstanding, $12,000. M ortgages in force m
New Y ork S^ate, $475,400. N o foreclosures during the year.

PEOPLE’S

CO-OPERATIVE

SAVINGS AND
BROOKLYN.

LOAN

ASSOCIATION

OF

No. 14 Graham avenue, Brooklyn, N. Y.
[Oragnized under Law of 1894.
Officers.
P resid en t.......................
S ecretary.......................
T reasurer.......................
A tto rn ey s.......................

Commenced business 1895.]

Names.
HENRY W E IL .......................
MORRIS H IR SC II................
JOEL B. GOODMAN............
W EIL & P U R V IN ................

Post-office addresses.
16 Lispenard St., New York.
16 Lispenard St., New York.
45 E. 20th St., New York.
309 Broadway, New York.

ASSETS.
Loans cn bond and m ortg a g e.................................................................
Loans on s h a r e s ...........................................................................................
Stocks and bonds .......................................................................................
Cash on hand and in b a n k .....................................................................
A ccrued interest ............................. ...........................................................

$67,650
5, 765
2 4,516
7,4 79
345

00
00
25
03
78

$105,756 06
LIA BILITIES.
Due shareholders, -instalment shares...................................................
Dividends credited .....................................................................................
Contingent fund (as per section 225 of Banking L a w ) ................
Unearned or rebatable prem iu m ............................................................

$86,998
17, 018
1, 320
419

00
44
33
29

$105,756 06
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalment shares credited to m em bers.............................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid ..........................................................................
Fees r e c e iv e d ................................................................................................
Fines r e c e iv e d ...................................
Interest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................
Bonds sold ...................................................................................................




$ 1 ,774
15, 821
1, 300
11 ,50 0
6, 290
29
38
5, 237
38
5, 540

09
50
00
00
00
25
78
09
48
00

K in g s

179

C ounty.

P rofit on b o n d s ...........................................................................................
Transfer fees ...............................................................................................
A ppraisal f e e s .............................................................................................

$10 00
4 00
30 00
$47,613 10

DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s . . .
D ividends paid on w ithdraw al, or applied on loa n s......................
P a id borrow ed money and prior m ortga ges......................................
P aid interest on borrow ed money and prior m oragages................
P aid salaries and c le r k -h ir e ...................................................................
P a id advertising, printing and p osta ge..............................................
P a id rent ......................................................................................................
P aid banking department, exam ination .............................................
P aid banking department, assessm ent...............................................
Officers’ bonds .............................................................................................
State League dues ....................................................................................
Bonds p u r c h a s e d .........................................................................................
Fines returned ...........................................................................................
A ppraisal f e e s .............................................................................................
C o m m is s io n ...................................................................................................
N otary fees ..................................................................................................
Unearned premium return ed...................................................................
Cash on hand December 31, 1913..........................................................

$14,400
5 ,7 4 0
10, 527
1, 947
1 ,3 0 0
48
281
26
80
42
7
72
5
5 ,5 32
3
30
38
2
50
7 ,479

00
00
00
73
00
23
00
00
00
35
95
00
00
50
40
00
50
50
00
03

$47,613 19

Plan, serial. P ar value o f shares, $200 and $250. Instalm ents are 50
cents semi-monthly.
Shares in force January 1, 1913, 1,313; shares issued durin g the year,
180; shares w ithdraw n during the year, 141; shares in force, 1,352. B orrow ­
ing members, 30, holding 339 shares; non-borrow ing members, 188, holding
1,013 shares. Female shareholders, 88, holding 492 shares. T otal dividends
credited members du rin g the year on instalm ent shares, $7,591.46; rate, 4
per cent. T otal dividends forfeited by w ithdraw ing members during the
year, $423.16.
N o unpaid withdraw als. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 o f the Banking Law , incurred
and paid during the year, $505. Unpaid, none.
Prem ium plan, instalment. Interest paid b y borrow ing members, 6 per
cent.
Prem ium paid b y borrow ing members, 10 cents sem i-m onthly per
$ 1, 000.

Loans have been made in K in gs and N assau counties, New Y ork State, and
in New Jersey. L argest m ortgage loan outstanding, $8,000. M ortgages in
force in New Y ork State, $61,650. N o foreclosures during the year.

POLISH-AMERICAN CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION.
N o. 660 T h ird avenue, Brooklyn, N. Y .
[Organized under Law of 1894.
Officers.
P r e sid e n t.....................
Secretary ....................
Treasurer ...................
A ttorney .....................




Commenced business 1900.]

Names.
JOHN GUTOWSKI........................
PRANK A. JU R E K ........................
JOHN P A S Z E K ..............................
CLEMENT P. ROZANSKI..........

Post-office addresses
5105 6th Avenue.
236 57th Street.
298 'Seventh Avenue.
17 S tate St., N. Y. City.

180

R eport

on

S avings

and

L oan A ssociations.

ASSETS.
Loans on bond and m ortg a g e.................................................................
Loans on shares .......................................................................................
Real estate ....................................................................................................
Cash on hand and in bank ...................................................................
F urniture and fixtu res..............................................................................
Interest, premium, fees and fines due and u n p a id .........................
Advances fo r taxes, insurance, e t c ........................................................
Books, by-laws and deposit fo r e le ctricity ........................................

$87,700
2. 192
11.-535
11,837
174
203
796
155

00
00
53
51
90
00
91
75

$114,595 60
LIABILITIES.
Due shareholders, instalm ent shares...................................................
Due shareholders, savings shares....................................■
.................. '.
Due shareholders, accum ulative prepaid shares.............................
D ividends credited .....................................................................................
Due shareholders, matured s h a r e s ........................................................
Balance to be paid borrow ers on m ortgage lo a n s ...........................
Earnings undivided ...................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............

$49, 357
13,255
3 4.425
10,894
3. 409
2, 000
84
1,169

28
29
30
71
14
00
87
01

$114,595 60
RECEIPTS.
Cash on hand January 1, 1913................................................. .............
Dues on instalm ent shares credited to m em bers.............................
Dues on savings shares........................................ ...................................
Dues on accum ulative prepaid shares.................................................
M ortgages redeemed, foreclosed or transferred to real e sta te ..
Loans on shares repaid .........................................................................
Fees received ................................................................................................
Fines received .............................................................................................
Interest received .......................................................................................
R ent received ..............................................................................................
Advances repaid .............
Pass books ....................................................................................................
Appraisers ....................................................................................................

$ 6 ,35 2
16,991
9, 825
15,321
7 .950
3 .367
40
38
5. 282
962
1,147
4
55

62
68
28
27
00
70
38
63
16
50
57
25
50

$67,339 54
DISBURSEM ENTS.
Loaned on m ortga ge................................................................................
Loaned on shares ............................................................ : ........................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P aid matured shares..........................
P aid savings shares.....................................................................................
P aid accum ulative prepaid shares.....................................................
D ividends paid on w ithdraw al, or applied on lo a n s....................
Cash dividends paid on income and accum ulative prepaid
shares .........................................................................................................
P aid fo r real esta te..................................................................................
P aid salaries and clerk-h ire...................................................................
P aid advertising, printing and p osta g e.'........................................
P aid rent ...................................
P aid repairs to real esta te.....................................................................
P a id taxes, insurance, e t c .......................................................................
P aid banking department, exam in ation .............................................
Paid banking department, assessm ent...............................................
Officers’ bonds ..............................................................................................
Advances for taxes, insurance, e t c ........................................................




$5 ,20 0
3.219
9,201
1,449
5 ,8 35
17,749
879

00
00
41
18
15
27
74

1,121
1,687
945
70
159
419
266
19
9
25
1 .603

34
43
00
35
00
23
89
50
45
00
39

181

K ings C ounty .
State League du es......................................................................................
Interest on m ortga ge................................................................................
Legal services .............................................................................................
Appraisers . ..................................................................................................
M ortgage ......................................................................................................
L ig h t and h ea t.........................................................
By-laws ..........................................................................................................
Sundries ........................................................................................................
Cash on hand December 31, 1913.........................................................

$5
137
318
42
5 ,000
28
86
23
11,837

50
50
75
00
00
40
50
05
51

$67,339 54

Plan, permanent. Par value o f shares, $200. Instalm ents are 12% cents
and 25 cents weekly.
Shares in force January 1, 1913, 2 ,0 8 5 % ; shares issued during the year,
326; shares withdrawn during the year, 4 1 3 % ; shares in force, 1,998. B orrow ­
ing members, 52, holding 552% shares; non-borrow ing members, 294, holding
1,445% shares. Female shareholders, 74, holding 317 shares. •Total dividends
credited members during the year on instalm ent shares, $2,506.38; rate, 5%
per cent. T otal dividends credited or paid in cash to members during the
year on other shares, $1,626.98; rate, 4 3 /1 6 per cent. T otal dividends fo r ­
feited by w ithdraw ing members during the year, $150.04.
N o unpaid withdraw als.
A m ount o f shares m atured during the year,
$3,409.14. Entrance or mem bership fee, 15 cents per share. O perating ex­
penses, as defined in section 227 o f the Banking Law, incurred and paid during
the year, $1,256.30. Unpaid, none.
N o prem ium plan. Interest paid by borrow ing members, 5% per cent and
6 per cent. N o premium charged.
Loans have been made in K ings and Queens counties, New Y ork State.
Largest m ortgage loan outstanding, $8,000. M ortgages in force in New Y ork
State, $87,700. One foreclosure during the year.

PROSPECT HOME BUILDING AND LOAN ASSOCIATION.
No. 336 Ninth street, betw een F ifth and Sixth avenues, B rooklyn, N . Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1890.]

Names.
MELVIN W. MOREHOUSE.................
GEORGE W. BALL WAY.......................
WILLIAM M. TOM LINS......................
TITLE GUAR. & TRUST CO..............

Post-office addresses.
706 Cortelyou Road.
1513 Eighth Avenue.
524 Seventh Street.
175 Remsen Street.

ASSETS.
Loan on bond and m ortga ge........................................
Loans on shares..............................................................
Stocks and bond s............................................................
Cash on hand and in b a n k ..........................................
Furniture and fix tu res...................................................
Interest, premium, fees and fines due and unpaid

$84,900
2 ,4 3 0
12,941
2 ,2 67

00
00
25
67

100 00
1,019 64
$103,658 56

L IA BILITIES.
Due shareholders,
Due shareholders,
Due shareholders,
Dividends credited




instalm ent shares..................................................
savings shares.........................................................
incom e shares.........................................................
....................................................................................

$70,235
500
12,050
15, 756

68
00
00
63

182

R eport

on

S avings

and

L oan A ssociations.

Earnings undivided ...................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............
Suspense account .......................................................................................
Salaries due ................................................................................................

$3, 140
1,917
10
48

89
27
00
09

$103,658 56
RECEIPTS.
Cash on Janu ary 1, 1913..........................................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on savings shares ..........................................................................
Dues on income shares..............................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares rep a id ............................................................................
Beal estate s o ld ...........................................................................................
Fines received .............................................................................................
Interest received .........................................................................................
Prem ium s received ...................................................................................
Advances repaid .........................................................................................
D eposits made by b orrow ers...................................................................
Reverted dividends .....................................................................................

$6, 303
16,790
500
1,700
6 ,0 0 0
13,750
2, 095
4,7 41
39
4 ,6 17
1, 303
434
152
412

07
12
00
00
00
00
00
00
93
80
60
14
81
14

$58,839 61
DISBURSEM ENTS.
Loaned on m ortga ge...................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loans. . .
P aid matured shares..................................................................................
P aid income shares.....................................................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
Cash dividends paid on income and accum ulative prepaid
shares .........................................................................................................
P aid borrow ed money and p rior m ortga ges......................................
P aid interest on borrow ed m oney and prior m ortga ges..............
P aid salaries and clerk -h ire......................................*...........................
P aid advertising, printing and posta ge.............................................
P aid rent .......................................................................................................
P a id taxes, insurance, e t c .......................................................................
P aid banking department, exa m in a tion .............................................
P aid b a ck in g department, assessm ent...............................................
Officers’ bonds ..............................................................................................
Advances for taxes, insurance, e t c ........................................................
D eposits made by b orrow ers...................................................................
N ew Y o rk city b on d s................................................................................
Cash on hand December 31, 1913..........................................................

$14,000
2 ,8 55
10, 737
6, 000
200
2 ,0 6 8

00
00
80
00
00
65

486 00
6 ,0 00 00
73 83
628 00
61 80
150 00
74 00
12 00
791
28 00
323 17
143 56
12,722 22
2 ,2 67 67
$58,839 61

Plan, permanent. P ar value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force January 1, 1913, 3 ,7 51 % : shares issued during the year,
750; shares w ithdraw n during the year, 4 9 2 % ; shares in force, 4,009. B or­
row in g members, 32, holdin g 850 shares; non-borrow ing members, 200, hold­
ing 3,159 shares. Fem ale shareholders, 81, holding 1,257% shares. T otal
dividends credited members during the year on instalm ent shares, $4,443.50;
rate, 5 % per cent. T otal dividends credited or paid in cash to members dur­
in g the year on other shares, $486; rate, 4 % per cent. T otal dividends fo r­
feited b y w ithdraw ing members during the year, $412.14.




K in g s

183

County.

N o unpaid w ithdraw als. A m ount o f shares m atured during the year, $6,000.
O perating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $867.80. Operating expenses, as defined in section
227 o f the B anking Law, incurred during the year and rem aining unpaid,
$48.09.
Prem ium plan, instalm ent. Interest pa id by borrow ing members, 5 per
cent. Prem ium paid by borrow ing members, 14 cents per share per month.
Loans have been made in K in gs county, N ew Y ork State. Largest m ort­
gage loan outstanding, $8,500. M ortgages in force in New Y ork State, $84,900.
One foreclosure during the year.

SOUTH BROOKLYN SAVINGS AND LOAN ASSOCIATION.
N o. 565 F ifth avenue, B rooklyn, N. Y .
[Organized under Law of 1S51.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1886.]

Names.
DAVID B. H UTTON.............................
JAMES H. STR A IN ...............................
EDWARD BIRKLE .............................
WILLIAM J. BOLGER........................

Post-office addresses.
227 Brooklyn Avenue.
565 F ifth Avenue.
1521
Beverly Road.
149 Broadway, N. Y.

ASSETS.
Loans on bond and m ortg a g e................................................................ $ 1 ,0 4 8 ,4 3 0
Contracts for the sale of real esta te.................................................
6 ,7 43
Real estate......................................................................................................
47, 763
Cash on hand and in b a n k .....................................................................
51,419
Furniture and fixtures .........................................................................
2, 226
Special deposit..............................................................................................
5 ,0 0 0

00
40
54
46
50
00

$1, 161,582 90
L IA B IL IT IE S .

Due shareholders, instalm ent shares ............................................... $ 1 ,0 4 7 ,1 6 0
Balance to be paid borrow ers on m ortgage loa n s.........................
500
P r io r m ortgages...........................................................................................
13, 400
Earnings undivided.....................................................................................
27,144
Contingent fund (as per section 225 of B anking L a w ) ................
72,597
Suspense account.........................................................................................
659
Special rent account ..............................................................................
120

90
00
00
55
95
50
00

$1, 161,582 90
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers...........................
P rior m ortgages ................................................................................ ..
M ortgages redeemed, foreclosed or transferred to real esta te. .
Real estate sold............................................................................................
Interest received...........................................................................................
Premium received........................................................................................
Rent received.................................................................................................
A ppraisers’ fees .................... ....................................................................
B ills receivable..............................................................................................
P rofit on sale of real e sta te................................................................




$57,451
3 7 4 ,6 0 6
10,450
97,050
6, 855
59, 030
2 ,147
1, 563
200
2, 000
919

54
37
00
00
98
11
18
04
00
00
40

$ 6 1 2 ,27 3 62

184

R eport

on

S avings

and

L oan A ssociations.

DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
$176,550 00
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
325,170 60
P aid borrow ed m oney and p rior m ortga ges.................................
9, 300 00
P aid interest on borrow ed m oney and prior m ortga ges.............
597 34
P a id fo r real estate .................................................................................
30,470 24
P aid salaries and clerk-hire ................................................................
7, 128 00
P a id advertising, printing and p o sta g e.............................................
545 65
P a id repairs to real esta te...................................................................
670 36
P aid taxes, insurance, e t c ....................
597 24
P a id banking departm ent, exam ination ...............................................
48 00
P aid banking departm ent, assessm ent...............................................
85 63
Officers’ b o n d s ...............................................................................................
80 00
M etropolitan and State League d u es.................................................
58 50
Telephone, ligh t and h e a t.....................................................................
508 28
A ttorn ey’ s fees...............................................................................................
917 91
T ellers................................................................................................................
15 00
J a n ito r...............................................................................................................
360 00
P ea l estate to profit and loss ................................................. ..
3, 354 23
4, 343 40
Real estate contract ................................................................................
Suspense account..........................................................................................
53 78
Cash on hand December 31, 1913........................................................
51,419 46
$612, 273 62
Plan, permanent. P ar value of shares, $100 and $250. Instalm ents are
cents m onthly.
Shares in force January 1, 1913, 24,962 3 /1 0 ; shares issued du rin g the
year, 5 ,7 8 2 % ; shares w ithdraw n during the year, 4,597% ; shares in force,
26,147 3/10. B orrow ing members, 407, holding 10,290 3 /1 0 shares; non­
borrow in g members 2,112, holding 15,857 shares. Fem ale shareholders, 1,113,
holdin g 10,522 3 /1 0 shares. T otal dividends credited members during the
year on instalm ent shares, $43,077.48; rate, 5 per cent.
N o unpaid w ithdraw als.
O perating expenses, as defined in section 227
o f the Banking Law, incurred and paid during the year, $8,695.43. Operat­
in g expenses, as defined in section 227 of the Banking Law, incurred during
the year and rem aining unpaid, $120.
N o premium plan. Interest paid by borrow ing members, 5 1/5 per cent,
and 6 per cent. N o prem ium charged
Loans have been made in K in gs and Queens counties, N ew Y ork State, and
in New Jersey. Largest m ortgage loan outstanding, $10,000. M ortgages in
force in New Y ork State, $1,044,930. F ou r foreclosures during the year.
50

TW E N TY-N IN T H W A R D CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION.
N o. 142 E. F ou rth street, B rooklyn, N. Y .
[Organized under Law of 1894.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer .....................
A ttorney .....................

Commenced business 1896.]

Names.
Post-office addresses.
HENRY DONNELLY ........................... 309 E ast Second Street.
ROLLA O. SM IT H ................................. 295 Sherman Street.
HENRY BO ESELAGER............................2 E ast 7th Street.
HENRY E. H E IST A D ..........................
190 M ontague S treet

ASSETS.
Loans on bond and m ortg a g e ..............................................................
Cash on hand and in b a n k ...................................................................
F u rn itu re and fixtures ............................................................................




$14,5 0 0 00
2 ,3 3 4 35
90 00
$16,924 35

K ings C ounty .

185

LIABILITIES.
Due shareholders, instalm ent shares....................................................
Earnings undivided.....................................................................................
Contingent fund (a s per section 225 o f B anking L a w ) ...............
Com m issions....................................................................................................

$15,634
1,056
229
3

31
78
76
50

$16,924 35
REC EIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers............................
M ortgages redeemed, foreclosed or transferred to real estate.
Fees received........................................................... .....................................
Interest received..........................................................................................
Premium received.........................................................................................
Bent received. . . ’. ....................................................................................

$372
10,421
3,0 00
28
803
174
54

35
90
00
00
13
32
50

$14,854 20
DISBURSEM ENTS.
Loaned on m ortgage ..............................................................................
Instalm ent dues repaid on withdraw al, or applied on lo a n s ..
Dividends paid on w ithdraw al, or applied on loa n s....................
P a id borrow ed m oney and prior m ortgages....................................'
P aid interest on borrow ed m oney and prior m ortga ges..............
P a id salaries and clerk-hire .................................................................
P aid advertising, printing and p osta ge.............................................
P aid rent.................................................................................................
P aid banking department, exam ination ..........................................
P a id banking departm ent, assessment ............................................
Com m issions...................................................................................................
N otary fees.....................................................................................................
M oving expenses...........................................................................................
D eposit w ith Gas Com pany ................................................................
F u r n it u r e .......................................................................................................
Insurance.........................................................................................................
Cash on hand December 31, 1913........................................................

$1,500 00
8.632 26
545 94
1 ,5 0 0 00
52 50
62 00
655
126 00
13 00
1 32
17 00
4 43
9 05
10 00
33 00
6 80
2 ,3 3 4 35
$14,854 20

Plan, permanent. P ar value o f shares, $250. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 361; shares issued during the year, 9 4 ;
shares w ithdraw n during the year, 6 4 ; shares in force, 391. B orrow ing mem­
bers, 9, holding 58 shares; non-borrow ing members, 93, holding 333 shares.
Fem ale shareholders, 33, holding 126 shares. T ota l dividends credited mem­
bers during the year on instalm ent shares, $545.94; rate 5 per cent.
N o unpaid w ithdrawals.
Entrance or membership fee, $1 per member.
O perating expenses, as defined in section 227 o f the Banking Law. incurred
and paid during the year, $231.83. Operating expenses, as defined in section
227 o f the Banking Law, incurred during the vear and rem aining unpaid,
$3.50.
Premium plan, premium interest. Interest paid b y borrow ing members,
5 1 /5 per cent. Prem ium paid by borrow ing members, 5 cents per share per
week.
Loans have been made in K in gs county, New Y ork State. Largest m ort­
gage loan outstanding, $3,250. M ortgages in force in New Y ork State,
$14,500. N o foreclosures during the year.




186

R eport

on

S avings

and

L oan A ssociations,

UNION CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
N o. 1424 F u lton street, B rooklyn, N . Y .
[Organized under Law of 1851.

Commenced business 1890.

Re-incorporated under

Laws of 1894.]
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ...................
A ttorney .....................

Names.
DANIEL S. B R U SH .................
HENRY POWLES, JR............
GEORGE DOWNING ..............
GILBERT P. B R U SH ..............

Post-office addresses.
388 Lexington Avenue.
1077 E ast 40th Street.
1049 E ast 17th Street.
60 Wall Street, New York.

ASSETS.
Loans on bond and m ortga ge...................................................................
Loans on shares .......................................................................................
Beal estate......................................................................................................
Cash on hand and in bank ...................................................................
Furn itu re and fixtures .................................................................; . . .
Advances fo r taxes, insurance, e t c ......................................................
Pass books.......................................................................................................

L IA B IL IT IE S.

$28, 500
5 ,0 0 0
3, 311
2, 872
125
46
11

00
00
47
60
00
98
00

$39, 867 05
— -------- - ~=

Due shareholders, instalm ent shares ...............................................
D ividends credited.......................................................................................
Earnings undivided......................................................................................
Contingent fund (as per section 225 o f B anking L a w ) ...........

$31, 601 15
6, 143 69
22 21
2 ,1 00 00
$39,867 05
„■

R EC EIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalment shares credited to m em bers...........................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares repaid..............................................................................
Interest received...........................................................................................
Prem ium received.........................................................................................
B en t received.................................................................................................
Advances repaid............................................................................................
Pass books.......................................................................................................
Beverted dividends......................................................................................
U ndivided profits by contingent fu n d ..................................................

$7 ,23 5
6, 057
3 ,4 00
1,635
1, 987
61
15
23
11
177
60

54
90
00
00
71
55
00
00
00
31
00

$20,664 01
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Loaned on shares .....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid matured shares ..............................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P a id salaries and clerk-h ire...................................................................
P a id advertising, prin tin g and p o sta g e.............................................
P aid rent ....................................................................................................
P a id taxes, insurance, e t c .....................................................................
P aid banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ............................................................................ .'.............
Advances for taxes, insurance, e t c ......................................................
Contingent fund to undivided p r o fits ...............................................
Cash on hand December 31, 1913........................................................




• $6, 400
3 ,065
1,590
5 ,4 1 3
327
576
33
180
74
12
3
20
36
60
2 .8 7 2

00
00
50
75
07
00
83
00
05
01
20
00
00
00
60

$20,6 6 4 01

187

M adison C ounty .

Plan, serial. P ar value of shares, $200. Instalm ents are 25 cents weekly.
Shares in force January 1, 1913, 5 1 9 % ; shares issued during the year,
7 0 ; shares w ithdraw n during the year, 62; shares in force, 5 2 7 % . B orrow ­
ing members, 16, holding 194 shares; non-borrow ing members 55, holding
333% shares. N o record of female shareholders. Total dividends credited
members during the year on instalment shares, $1,431.53; rate 4 per cent.
T ota l dividends forfeited by w ithdraw ing members during the year, $177.31.
No unpaid w ithdrawals.
Am ount of shares m atured during the year,
$5,413.75. Operating expenses, as defined in section 227 of the B anking Law,
incurred and paid during the year, $809.83. Unpaid, none.
Prem ium plan, instalment. Interest paid by borrow ing members, o % per
cent. Prem ium paid by borrow ing members, 1 cent per share per week.
Loans have been made in Kings, Queens and Suffolk counties, New Y ork
State. Largest m ortgage loan outstanding, $4,700. M ortgages in force in
New Y ork State, $28,500. N o foreclosures during the year.

M A D IS O N C O U N T Y .
CANASTOTA SAVINGS AND LOAN ASSOCIATION.
No. 1 Tabor B lock. South Peterboro street, Canastota, N. Y.
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1889.]

Names.
Post-office addresses.
P. F. MILMOE....................................................
Canastota, N. Y.
E. B. ROBERTS.................................................. Canastota, N. Y.
HOWARD D. B E M ISS................................... Canastota, N. Y.
D. F. WALLACE................................................ Canastota, N. Y.

ASSE TS.
Loans on bond and m ortga ge...................................................................
Loans on shares .........................................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtu res..............................................................................

$70, 800
3, 128
2,9 51
215

00
00
58
00

$77,094 58
LIABILITIES.
Due shareholders, instalm ent shares...................................................
D ividends credited .....................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of B anking L a w ) ................
Unearned or rebatable prem iu m ............................................................

$67, 446
6, 784
1, 075
1,315
474

02
16
02
03
35

$77,094 58
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalment shares credited to m em bers.............................
M oney borrowed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares rep a id ..............................................................................
Fees re ce iv e d .................................................................................................
Fines received .............................................................................................
Interest received . . . . •
................................................................................
Premium r e c e iv e d .......................................................................................




$ 1,222
2 9,493
2, 500
23, 600
1,156
167
251
4, 203
264

30
00
00
00
00
25
79
94
03

$ 6 2 ,8 5 8 31

188

R eport

on

S avings

and

L oan A ssociations.

DISBURSEM ENTS.
Loaned on m o r t g a g e ................................................................•.................
Loaned on s h a r e s .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
P aid matured shares ................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ......................
P aid interest on borrow ed money and p rior m o r tg a g e s .. . . . . . .
P aid borrow ed m oney and prior m ortga ges....................................
P aid salaries and clerk -h ire.....................................................................
Paid advertising, printing and p osta g e ......................
P aid taxes, insurance, e t c ..........................................................................
P aid banking department, exa m in a tion ...............................................
P aid banking department, assessm ent...............................................
Cash short ....................................................................................................
I n s u r a n c e .......................................................................................................
Cash on hand December 31, 1913..........................................................

$24,
2,
10,
19,

300
103
543
102
813
25
2, 500
354
11
121
22
5
1
2
2,951

00
00
50
67
58
00
00
50
05
50
50
93
50
00
58

$62,858 31
Plan, permanent. P ar value of shares, $100. Instalm ents are 25 cents
per share.
Shares in force January 1, 1913, 2,263; shares issued during the year, 669;
shares w ithdraw n during the year, 637; shares in force, $2,295. B orrow ing
members, 103, holding 892 shares; non-borrow ing members, 220, holding
1,403 shares. Female shareholders, 155, holding 910 shares. T ota l dividends
credited members during the year on .instalm ent shares, $3,904.61; rate, 5%
per cent.
Total dividends forfeited by w ithdraw ing members during the
year, $182.64.
N o unpaid withdraw als.
A m ount of shares m atured during the year,
$12,181.73. Entrance or membership fee, 25 cents per share. O perating ex­
penses, as defined in section 227 o f the B anking Law, incurred and paid
durin g the year, $369.05. U npaid, none.
Prem ium plan, gross. Interest paid b y borrow in g members, 11 cents per
share per week. Prem ium paid by borrow in g members, 1 per cent.
Loans have been made in M adison county, X ew Y ork State. L argest m ort­
gage loan outstanding, $6,000.
M ortgages in force in New Y ork State,
$70,800. N o foreclosures during the year.

ONEIDA SAVING, BUILDING AND LOAN ASSOCIATION.
No. 53 M ain street, Oneida, N. Y.
[Organized under Daw of 1851.

Commenced business 1887.]

Officers.
Names.
Post-office addresses.
P r e sid e n t.....................
.7. A. FERG USO N...................................................
Oneida, N. Y.
Secretary .................... F. H. M UNZ....................
Oneida, N. Y.
Oneida, N. Y.
T reasurer......................... F. E. W EB STER ..................................................
A ttorney ..................... JOSEPH B E A L ...................................................... Oneida, N. Y.
ASSETS.
Loans on bond and m ortg a g e...................................................................
Loans on shares .........................................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtu res..............................................................................




$110, 065
5 ,4 6 0
463
224

00
00
63
45

$116, 213 08

M a d is o n

C ounty.

189

L IA B IL IT IE S .

Due shareholders, instalm ent shares...................................................
D ividends credited ....................................................................................
Borrow ed money .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ...............

$88, 507 20
9, 754 43
16, 000 00
129 94
1,821 51
$116,213 08

RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalment shares credited to m em bers.............................
M oney borrowed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta t e .. .
Loans on shares re p a id ..............................................................................
Fines r e c e iv e d .............................................................................................
Interest r e c e iv e d .........................................................................................
Reverted dividends ....................................................................................

$795
54, 294
7 ,4 0 0
17, 990
1,915
3
6,579
434

89
90
00
00
00
30
30
67

$89,413 06
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
P aid m atured shares..................................................................................
Dividends paid on w ithdraw al, or applied on loa n s....................
P aid borrow ed money and prior m ortga ges......................................
P aid interest on borrowed money and prior m ortga ges................
P aid salaries and clerk-h ire...................................................................
P aid advertising, printing and posta ge...............................................
P aid rent ......................................................................................................
P aid banking department, exam ination ............................................
P aid banking department, assessm ent.................................................
Officers’ bonds .............................................................................................
State League du es......................................................................................
Furniture and fixtu res..............................................................................
Insurance .
L i g h t ...............................................................................................................
Cash on hand December 31, 1913.......................................................

$17,600
700
35, 414
23,847
1,740
7 ,9 0 0
873
700
2
72
29
9
10
5
30
5
10
463

00
00
45
33
62
00
09
00
25
00
00
50
00
50
00
49
20
63

$89,413 06
Plan, permanent. P ar value of shares, $100. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 3,857; shares issued during the year, 990;
shares w ithdraw n during the year, 671; shares in force, 4,176. B orrow ing
members, 98, holding 1,238 shares; non-borrow ing members, 362, holding
2,938 shares. Female shareholders, 163, holding 1,124 shares. Total div i­
dends credited members during the year on instalm ent shares, $5,230.50;
rate, 6 per cent. T otal dividends forfeited by w ithdraw ing members during
the year, $434.67.
N o unpaid w ithdraw als. Am ount of shares m atured during the year,
$23,847.33. Operating expenses, as defined in section 227 of the Banking
Law’ , incurred and paid during the year, $805.44. Unpaid, none.
Prem ium plan, premium-interest. Interest paid by borrow ing members,
5.72 per cent. No premium charged.
Loans have been made in M adison and Oneida counties, N ew Y ork State.
Largest mortgage loan outstanding, $8,090. M ortgages in force in New Y ork
State, $110,065. N o foreclosures during the year.




190

R eport

on

S avings

and

L oan A ssociations.

M ONROE COUNTY.
COLUMBIA BANKING, SAVING AND LOAN ASSOCIATION.
No. 337 G regory street, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
P r e s id e n t ..................
Secretary ....................
Treasurer ..................
A ttorn eys....................

Commenced business 1884.]

Names.
EDWARD W ALLIS ............
H. P. R E IBL IN G ...................
LAWRENCE O B E R L IE S ..
MORRIS and M ORRIS..........

Post-office addresses.
80 Alexander Street.
300 Granite Building.
704 Clinton Avenue, South.
301-302 Ellwanger & Barry Bl.

ASSETS.
Loans on bond and m ortga ge................................................................. $ 1 ,0 7 8 ,3 4 6 26
Real estate ....................................................................................................
5, 779 66
Cash on hand and in b a n k .......................................................................
40, 944 93
$ 1 ,1 2 5 ,0 7 0 85
LIABILITIES.
Due shareholders, instalm ent shares...................................................
Due shareholders, income shares........... ................................................
D ividends credited .....................................................................................
Balance to be paid borrow ers on m ortgage lo a n s ...........................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............
Unearned or rebatable prem iu m ............................................................
S traigh t m ortgages ...................................................................................

$655, 158
219,475
105,310
11,550
32, 807
50,000
45, 472
5 ,2 9 6

89
00
76
00
06
00
88
26

$ 1 ,1 2 5 ,0 7 0 85
RECEIPTS.
Cash on hand January 1, 1913.................... - . ................ .....................
Dues on instalm ent shares credited to m em bers...........................
Dues on in com e.shares..............................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Real estate s o ld ...........................................................................................
Fees received ................................................................................................
Fines received .............................................................................................
Interest received .........................................................................................
Prem ium received ......................................................................................
Rent received ...............................................................................................
S tra igh t m ortgages ...................................................................................
Real estate contracts ..............................................................................
Reverted dividends ....................................................................................

$ 7,310
317, 335
2 4,950
109,750
5, 300
276
284
52, 687
23,495
302
2 ,4 0 0
71
7

42
89
00
00
00
50
55
02
00
65
00
04
66

$544, 170 73
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. ..
P aid m atured shares ................................................................................
P a id incom e s h a r e s .....................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on income and accum ulative prepaid
shares .........................................................................................................
P aid fo r real esta te.....................................................................................
P aid salaries and clerk -h ire.....................................................................
P aid advertising, printing and p o sta g e...............................................
P a id rent ......................................................................................................
P a id repairs to real e s t a t e . . . . ............................................................
P aid taxes, insurance, e t c .......................................................................




$238, 450
153,697
69, 302
9, 300
4, 959

00
37
52
00
94

10,751
6 ,8 70
2, 264
70
120
597
334

47
49
00
82
00
62
31

M onroe

191

C ounty.

P a id banking department, exa m in a tion .............................................
P aid banking department, assessm ent...............................................
Officers’ bonds .............................................................................................
Accountants ..................................................................................................
R eal estate co n tra cts..................................................................................
Prem ium refunded ....................................................................................
Cash on hand December 31, 1913..........................................................

$62
77
36
50
1,853
4 .4 2 8
40 ,94 4

00
36
00
00
45
45
93

$544, 170 73
Plan, permanent. P ar value of shares, $100. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 23,666*4; shares issued during the year,
8,124; shares w ithdraw n during the year, 4,611; shares in force, 27,179*4.
B orrow in g members, 494, holding 10,597*4: shares; non-borrow ing members,
1,383, holding 16,581% shares. Fem ale shareholders, 840, holding 8,241%
shares. Total dividends credited members during the year on instalm ent
shares, $42,324.08; rate, 8 per cent. T ota l dividends credited or paid in cash
to members during the year on other shares, $10,751.47; rate, 5 per cent.
N o unpaid w ithdraw als.
A m ount of shares m atured during the year,
$69,302.52. Entrance or membership fee, 50 cents per member. Operating
expenses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $2,540.82. U npaid, none.
Prem ium plan, gross. Interest paid b y borrow in g members, 5 % per cent
and 6 per cent. Prem ium paid by borrow ing members, $10 per share.
Loans have been made in M onroe county, N ew Y ork State. Largest m ort­
gage loan outstanding, $10,600. M ortgages in force in New Y ork State,
$1,078,346.26. Three foreclosures during the year.

CONSOLIDATED SAVING AND LOAN ASSOCIATION.
N o. 8 Triangle B uilding, Rochester, N . Y .
[Organized under Law of 1S51.
Officers.
P r e s id e n t ..................

Commenced business 1889.]

Financial Secretary..

Names.
LOUIS C. LAN G IE...................

W ILLIA M G. W OODW ORTH.

Post-office addresses
238 North Street.

Treasurer ..................
Attorney .....................

CHARLES C. ZOLLER............
EMIL L U D E K E N S ...................

Rochester.
825 Chamber of Com. Bldg.

Drawer

:‘F ."

ASSETS.
Loans on bond and m ortga ge................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtu res..............................................................................

$136,175 00
935 06
206 65
$137,316 71

LIABILITIES.
Due shareholders, instalm ent shares...................................................
Dividends credited ....................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ...........

$101,421
22, 020
8 ,717
5,157

34
31
40
66

$137,316 71
RECEIPTS.
Cash on hand January 1, 1913............................... ...............................
Dues on instalm ent shares credited to m em bers.............................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..




$7,019
30,719
3,000
17,600

08
69
00
00

192

R eport on S avin g s an d L oan A ssociations .

Fees received ................................................................................................
Fines received ..............................................................................................
In terest r e c e iv e d .........................................................................................
Sale o f fu rn itu re.........................................................................................

$6
5
7 ,8 7 2
7

75
55
27
25

DISBURSEM ENTS.
Loaned on m ortga ge...................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
D ividends paid on w ithdraw al, or applied on loa n s....................
P a id borrow ed m oney and prior m ortga ges......................................
P aid interest on borrowed m oney and prior m ortga ges................
P aid salaries and clerk-h ire...................................................................
P aid advertising, printing and p osta ge.............................................
P aid rent ......................................................................................................
P aid banking department, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
State League du es............................................................ , ........................
A u d itin g .........................................................................................................
A ppraisal fees .............................................................................................
M oving expenses .........................................................................................
Furniture and fixtu res..............................................................................
Cash on hand December 31, 1913..........................................................

$ 66,230 59
■—
$42, 100 00
15,568 18
2 ,7 42 99
3, 000 00
30 00
1,261 00
44 44
135 00
42 50
9 56
5 00
40 00
70 25
107 71
138 90
935 06
$ 66,230 59

Plan, permanent. P ar value o f shares, $100 and $125. Instalm ents are 25
cents weekly.
Shares in force January 1, 1913, 2,826; shares issued during the year, 489;
shares w ithdraw n during the year, 196; shares in force, 3,119. B orrow ing
members, 73, holding 1,325 shares; non-borrow ing members, 224, holding 1,794
shares.
Female shareholders, 101, holdin g 546 shares.
T otal dividends
credited members during the year on instalm ent shares, $6,165.60; rate 6
per cent.
N o unpaid w ithdraw als. Entrance or membership fee, 25 cents per member.
O perating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $1,663.40. Unpaid, none.
N o premium plan. Interest paid by borrow in g members, 12 cents per share
per week. No premium charged.
Loans have been made in M onroe county, New Y ork State. Largest m ort­
gage loan outstanding, $14,200. M ortgages in force in New Y ork State,
$136,175. N o foreclosures du rin g the year.
DESPATCH CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
E yer B lock, East Rochester, N. Y.
[Organized under law of 1894.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1908.]

Names.
B. J. FRY A TT.......................
B. R. E R W IN .........................
A. H. BOW N.............................
CLARENCE E. SHUSTER

ASSETS.
Loans on bond and m ortga ge........................................
Loans on shares ..............................................................
Cash on hand and in b a n k ............................................
Instalm ents due and unp aid .........................................
Interest, premium, fees and fines due and unpaid




Post-office addresses.
E ast Rochester.
E ast Rochester.
E ast Rochester.
...
Rochester.
.............
.............
..............
$307 00
58 50

$28,800 00
205 00
861 20

$ 2 9 ,8 6 6 20

M

onroe

C

ounty

.

1 93

LIABILITIES.
Due shareholders, instalm ent shares.................................................
$23,020 50
Due shareholders, accum ulative prepaid shares...........................
500 00
Dividends credited.......................................................................................
1, 989 80
Borrow ed m oney.........................................................................................4 ,000
00
Earnings undivided.....................................................................................
245 80
Contingent fund (as per section 225 of Banking L a w ) ...........
110 10
$29,866 20
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on accum ulative prepaid shares..............................................
M oney borrow ed...........................................................................................
Loans on shares repaid .........................................................................
Fees received..................................................................................................
Fines received...............................................................................................
Interest received..........................................................................................

$221
5,9 69
200
4, 000
205
24
33
1 ,340

22
90
00
00
00
00
08
13

$11,993 33
DISBURSEM ENTS.

Loaned on m ortgage ..............................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loans. . .
D ividends paid on w ithdraw al, or applied on loa n s....................
Cash dividends paid on income and accum ulative prepaid
s h a r e s .........................................................................................................
P aid salaries and cle rk -h ire ,..............................................................
P aid advertising, printing and postage ..........................................
P aid rent.........................................................................................................
P aid banking department, exam ination ..........................................
P aid banking department, assessm ent...............................................
Officers’ b o n d s ...............................................................................................
Cash on hand December 31, 1913.................................

$9,361 00
1,437 50
142 39
15
100
5
43
15
1
11
861

00
00
35
00
25
64
00
20

$11,993 33
Plan, permanent. P ar value of shares, $100. Instalm ents are 50 cents
m onthly.
Shares in force January 1, 1913, 940; shares issued during the year, 351;
shares w ithdraw n during the year, 9 5 ; shares in force, 1196. Borrow ing
members, 14, holding 342 shares; non-borrow ing members, 57, holding 854
shares. Female shareholders, 14, holding 182 shares. Total dividends cred­
ited members during the year on instalm ent shares, $958.82; rate 5 per
cent. T o ta l dividends credited or paid in cash to members during the year
on other shares, $ 1 5 ; rate, 5 per cent.
N o unpaid withdraw als. Entrance or membership fee, $1 per member. Op­
erating expenses, as defined in section 227 of the Banking Law , incurred
and paid during the year, $159.35. Unpaid, none.
Premium plan, instalment. Interest paid b y borrow ing members, 6 per
cent. N o premium charged.
Loans have been made in M onroe county, New Y ork State. Largest m ort­
gage loan outstanding, $2,000.
M ortgages in force in New Y ork State,
$28,800. N o foreclosures during the year.
1




194

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on

S a v in g s

and

L oan

A s s o c ia t io n s .

DIME BANKING AND LOAN ASSOCIATION.
N o. 938 Clinton avenue, N orth, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
P resid ien t.....................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1886.]

Names.
FERDINAND SCHWAB . —
ALEX. H. G EFEL L...................
CHRIS JE SSE N .......................
ROBERT B. W ICKES..............

Post-office addresses.
8 La Force Street.
105 H untington Park.
875 Clinton Avenue, North.
Rochester.

ASSETS.
Loans on bond and m ortg a g e ..............................................................
Cash on hand and in b a n k .....................................................................

$228,350 00
4 ,4 25 05
$232, 775 05

LIA BILITIES.
Due shareholders, instalm ent shares ...............................................
$54,455 09
D ue shareholders, savings shares ........................... .. ........................
89,735 89
D ue shareholders, income shares .......................................................
42, 600 00
D ividends credited.......................................................................................
17,208 18
Earnings undivided............................................................................................
8,4 86 93
Contingent fund (as per section 225 of Banking L a w ) ..............
12 ,00 0 00
Unearned or rebatable prem ium .................................................................
8,288 96
$232,775 05
RECEIPTS.
Cash on hand January 1, 1913 ..........................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on savings shares ..........................................................................
Dues on income shares .........................................................................
M oney borrow ed............................................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
Fees received..................................................................................................
Fines received...............•...............................................................................
Interest received...........................................................................................
Prem ium received.........................................................................................

$14,127
14,308
35,676
2, 300
10, 500
14,450
104
45
11,759
4, 240

12
93
62
00
00
00
90
50
07
00

$107,512 14
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
In stalm en t dues repaid on w ithdraw al, o r applied on lo a n s .. . .
P a id savings shares ..............................................................................
P a id income shares ................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on incom e and accum ulative prepaid
shares............................................................................................................
P a id borrow ed m oney and prior m ortga ges.................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P aid salaries and clerk-hire ................................................................
P a id advertising, prin tin g and p osta ge..........................................
P a id rent......................................
P aid banking department, exam ination ..........................................
P a id banking departm ent, assessm ent...............................................
Prem ium rebated..........................................................................................
Cash on hand December 31, 1913............................................




$ 42,400
8 ,303
33,734
1,000
2 ,4 9 6

00
91
70
00
28

2, 472
10,500
233
1,690
43
60
46
17
90
4 ,4 2 5

00
00
05
00
65
00
25
25
00
05

$ 1 0 7 ,5 1 2

14

M onroe

195

C ounty.

P lan, permanent. Par value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force January 1, 1913, 4,706; shares issued during the year,
1,049; shares w ithdraw n durin g the year, 4 1 7 % ; shares in force, 5,337% .
B orrow in g members, 165, holding 2,343% shares; non-borrow ing members,
410, holding 2,994 shares. Female shareholders, 443, holding 4,179% shares.
T otal dividends credited members during the year on instalm ent shares,
3,291.67; rate, 7% per cent. T otal dividends credited or paid in cash to
members during the year on other shares, $6,959.52; rate, 6 per cent.
N o unpaid w ithdraw als. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 o f the Banking Law, incurred
and paid during the year, $1,793.65. Unpaid, none.
Prem ium plan gross. Interest paid by borrow ing members, 5 1 /5 per cent.
Prem ium paid by borrow in g members, 10 per cent.
Loans have been made in M onroe county, New Y ork State.
Largest
m ortgage loan outstanding, $10,500. M ortgages in force in New Y ork State,
$228,350. N o foreclosures during the year.

EQUITY CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
N o. 92 P ortland avenue, Rochester, N . Y .
[Organized under Law of 1894.
Officers.
P resident . .
Secretary . .
Treasurer .
A ttorneys .

Commenced business 1894.]

Names.
Post-office
PETER W. S E IL E R ....................................................
HERBERT J. MUSSM ACHER..................................
FRANK J. SCHWALB................................................
LEW IS, MCKAY & MCMILLAN............................

addresses.
Rochester.
Rochester
Rochester.
Rochester.

ASSETS.
Loans on bond and m ortga ge...................................................................
Loans on sh a res...........................................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fix t u r e s ..............................................................................

$143, 884
1, 456
4 ,8 6 4
251

00
00
92
00

$150,455 92
LIABILITIES.
Due shareholders, instalm ent shares..................................................
D ividends credited ....................................................................................
Borrow ed m o n e y .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ................
Unpaid s a la r ie s ...........................................................................................

$124,708
19, 086
3, 000
192
3,399
69

28
99
00
38
02
25

$150,455 92
R E C E IP T S .

Cash on hand January 1, 1913..............................................................
Dues on instalment shares credited to m em bers.............................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares rep a id ..............................................................................

Fees received.....................................................................
Fines received .............................................................................................
Interest r e c e iv e d .........................................................................................




$5, 674
62, 349
3, 000
9, 672
1,248

45
99
00
00
00

-4 00
1
14 91
7, 669 83
$ 8 9 ,6 7 0 18

196

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

DISBURSEM ENTS.
Loaned on m o r t g a g e ...................................................................................
Loaned on shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
D ividends paid on w ithdraw al, or applied on lo a n s....................
P a id salaries and clerk -h ire.....................................................................
P aid advertising, printing and p osta ge...............................................
P a id rent ....................................................................
P a id banking departm ent, exa m in a tion ............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
Finance com mittee .....................................................................................
Oash on hand December 31, 1913.........................................................

$31, 876
2 ,4 9 6
46, 941
2 ,4 6 8
758
83
104
52
10
10
4
4 ,8 6 4

00
00
37
81
25
80
00
75
28
00
00
92

$89,670 18
Plan, permanent. P ar value o f shares, $104. Instalm ents are 10 cents,
15 cents and 25 cents weekly.
Shares in force Janu ary 1, 1913, 4,714; shares issued during the year, 7091
;
shares w ithdraw n during the year, 325; shares in force, 5,098. B orrow ing
members, 64, holding 1,384 shares; non-borrow ing members, 330, holding
3,714 shares. Fem ale shareholders, 112, holding 1,021 shares. T otal d iv i­
dends credited members during the year on instalm ent shares, $6,231.42;
rate, 5% per cent.
N o unpaid w ithdrawals. Entrance or membership fee, 50 cents per member.
O perating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $960.05. O perating expenses, as defined in section
227 o f the Banking Law , incurred during the year and rem aining unpaid,
$69.25.
Prem ium plan, prem ium -interest.
Interest paid by borrow ing members,
5 per cent, and 6 per cent. N o prem ium charged.
Loans have been made in M onroe county, New Y ork State. L argest m ort­
gage loan outstanding, $12,480.
M ortgages in force in New Y ork State,
$143,884, One foreclosure during the year.

FAIRPORT PERMANENT LOAN ASSOCIATION.
F airport, N. Y .
[•Organized under Law of 1851.

Commenced business 18881]
.

Names.
Officers.
Post-office addressee.
P r e s id e n t ....................... WTLLIAM A. BE ET O N ...................................... Fairport, N. Y.
Secretary .................... E. C. SNOW ........................................................... Fairport, N. Y.
Treasurer ..................
GEORGE G. M ULLIN ER................................... Fairport, N. Y.
A ttorney ..................... E. J. F IS K ...............................................................
Fairport, N. Y.
ASSETS.
Loans on bond and m ortg a g e.................................................................
Cash on hand and in b a n k .......................................................................
F u rn itu re and fixtu res..............................................................................

$69,300 00
4 ,4 90 91
186 00
$73,976 91

L IA B IL IT IE S.
Due shareholders, instalm ent shares...................................................
Due shareholders, matured shares........................................................
Balance to be paid borrow ers on m ortgage lo a n s ...........................
Earnings undivided ...................................................................................
C ontingent fund (as per section 225 o f Banking L a w ) ................




$59,455
10,559
1,100
1, 518
1, 342

85
63
00
47
96

$73,976 91

M onroe

197

C ounty.

RECEIPTS.
Cash on hand January 1, 1913.................................................................
Dues on instalment shares credited to m em bers............................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Fees r e c e iv e d ...............................................................................................
Fines received ............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d ......................................................................................
Reverted d iv id e n d s ....................................................................................

$4,211
29,509
7 ,000
55
29
3, 489
1, 256
40

15
36
00
70
94
90
26
56

$45,592 87
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Instalm ent dues repaid on w ithdraw al, o r applied on lo a n s . . . .
P aid matured shares ...............................................................................
Dividends paid on w ithdraw al, or applied on loa n s......................
P aid salaries and clerk-h ire.....................................................................
Paid advertising, printing and posta ge...............................................
P aid banking departm ent, exam ination ..........................................
P aid banking department, assessm ent................................................
Cash on hand, December 31, 1913........................................................

$16,275
10, 982
12,819
578
345
52
43
5
4 ,4 9 0

00
95
42
38
21
88
00
12
91

$45,592 87
Plan, permanent. P ar value of shares, $100. Instalm ents are 10 cents and
25 cents weekly.
Shares in force January 1, 1913, 1,731; shares issued during the year, 557;
shares withdrawn during the year, 296; shares in force, 1,992. B orrow ing
members, 47, holding 670 shares; non-borrow ing members, 128, holding 1,322
shares. Female shareholders, 51, holding 363 shares. T otal dividends credited
members during the year on instalm ent shares, $3,913.05; rate, 7 per cent.
T otal dividends forfeited by w ithdraw ing members during the year, $40.56.
N o unpaid w ithdraw als. A m ount o f shares m atured du rin g the year,
$12,819.42. Entrance or membership fee, 10 cents per share. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid dur­
ing the year, $398.09. Unpaid, none.
Prem ium plan, instalment. Interest paid by borrow ing members, 10 cents
per share per week. Prem ium paid by borrow ing members, 4 cents per share
per week.
Loans have been made in M onroe county, New Y ork State. L argest m ort­
gage loan outstanding, $3,500.
M ortgages in force in New Y ork State,
$68,200. N o foreclosures during the year.

GENESEE FALLS PERMANENT SAVINGS AND LOAN ASSOCIATION.
No. 368 Clinton avenue, N orth, Rochester, N. Y .
[Organized under Law of 1851.

Commenced business 1887.]

Officers.
Names.
P r e s id e n t ..................
JOSEPH K IP P H U T .............. ..
Secretary .................... HENRY W. MARTENS......................
Treasurer ..................
DENNIS COFFEY...............................
Attorney ......................... HENRY W. M ARTENS.......................

Post-office addresses.
563 Garson Avenue.
517 E. & B. Building.
28 Ward Street.
517 E. & B. Building.

ASSETS.
Loans on bond and m ortga ge................................................................
Real e s t a t e ....................................................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtu res..............................................................................




$ 17,576
1, 300
797
50

00
00
88
00

$19,723 88

198

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

LIABILITIES.
Due shareholders, instalm ent shares...................................................
Due shareholders, savings shares..........................................................
Due shareholders, income shares..........................................................
D ividends credited .....................................................................................
Earnings undivided ...................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ..............
Unearned or rebatable prem iu m ............................................................

$2,907
2, 222
11,000
1,018
1 ,025
862
689

00
00
00
31
22
35
00

$ 19,723 88
REC EIPTS.
Cash on hand January
1, 1913...........................................................
Dues on instalm ent shares credited to m em bers...........................
Dues on savings shares.............................................................................
Dues on income shares..............................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
Fees received ................................................................................................
In terest received ...................................................................................i .
R ent r e c e iv e d ................................................................................................

$267
922
1, 031
500
429
1
928
167

50
80
32
00
00
00
45
50

$4 ,24 7 57
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loa n s. . .
P aid savings shares.....................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s......................
Cash dividends paid on income and accum ulative prepaid
shares ........................................................................................................
P a id salaries and clerk -h ire.....................................................................
P a id advertising, prin tin g and p osta g e...............................................
P a id rent .......................................................................................................
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, etc.........................................................................
P a id banking departm ent, exa m in a tion .............................................
P aid banking department, assessm ent.................................................
Cash on hand December 31, 1913..........................................................

$600 00
204 00
1,227 82
68 33
537
684
9
40
4
43
29
1
797

50
10
25
00
25
91
00
53
88

$4 ,24 7 57
Plan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force Ja n u a ry 1, 1913, 421; shares issued durin g the year, 2 1 ;
shares w ithdraw n during the year, 2 1 ; shares in force, 421. B orrow in g mem­
bers, 8, holding 172 shares; non-borrow ing members, 33, holding 249 shares.
Fem ale shareholders, 11, holdin g 121 shares. T otal dividends credited m em ­
bers during the year on instalm ent shares, $149.72; rate, 6% per cent. Total
dividends credited or paid in cash to members during the year on other
shares, $644.31; rate, 5 per cent.
N o unpaid withdraw als. A m ount o f shares m atured during the year, $500.
Entrance or membership fee, 10 cents per share. O perating expenses, as de­
fined in section 227 of the Banking Law, incurred and paid during the year,
$733.35. Unpaid, none.
Prem ium plan, gross. Interest paid b y borrow ing members, 5 % per cent.
Prem ium paid by b orrow in g members, 5 per cent.
Loans have been made in M onroe county, N ew Y ork State. L argest m ort­
gage loan outstanding, $4,000.
M ortgages in force in N ew Y ork State,
$17,576. N o foreclosures durin g the year.




M onroe

199

C ounty.

HOME BUILDERS’ CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
N o. 236 State street, Rochester, N . Y .
[Organized under Law of 1909.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1910.]

Names.
Post-office addresses.
PRANK H. CLEMENT...................................
236 S tate Street.
WILLIAM W. WALKER.................................
236 S tate Street.
JAMES M. HARRISON.................................... 236 State Street.
CURTIS FITZSIM ONS...................................
236 S tate Street.

ASSETS.
Loans on bond and m ortga ge................................................................
Cash on hand and in b a n k .....................................................................

$17,000 00
719 78
$17,719 78

LIA BILITIES.
Due shareholders, instalm ent shares.....................................................
D ividends credited ....................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of B anking L a w ) ................

$15,936
797
885
100

00
79
85
14

$17,719 78
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalm ent shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Fees received ...............................................................................................
Fines received ........... .................................................................................
Interest received ........................................................................................

$2,538
5,061
1,800
14
5
891

19
00
00
00
82
62

$10,310 63
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loans. . .
D ividends paid on w ithdraw al, or applied on lo a n s .....................
P a id advertising, printing and p osta ge..............................................
P aid banking department, exam ination ............................................
P aid banking departm ent, assessm ent............ ..................................
Officers’ bonds .............................................................................................
Safe deposit b o x ...........................................................................................
Cash on hand December 31, 1913.......................................................

$ 8,100
1,371
71
8
28
1
4
5
719

00
00
82
69
50
84
00
00
78

$10,310 63
Plan, permanent. P ar value of shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 418; shares issued during the year, 41% ';
shares withdrawn during the year, 37; shares in force, 422% . B orrow ing
members, 10, holding 87% shares; non-borrow ing members, 39, holding 335
shares. Fem ale shareholders, 10, holding 52 shares. T otal dividends credited
members during the year on instalm ent shares, $554.96; rate, 5% per cent.
N o unpaid w ithdraw als. Entrance o r membership fee, 25 cents per share.
O perating expenses, as defined in section 227 o f the Banking Law, incurred
and paid during the year, $17.69. Unpaid, none.
Prem ium plan, prem ium -interest. Interest paid by borrow ing members,
6 per cent.
N o premium charged.
Loans have been made in M onroe county, New Y ork State. L argest m ort­
gage loan outstanding, $3,200. M ortgages in force in New Y ork State, $17,000.
N o foreclosures during th e year.




200

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

HOMESTEAD LOAN ASSOCIATION.
No. 806 Powers Building, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
P r e sid e n t.....................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1881.]

Names.
JOHN P. SM IT H .......................................
GEORGE W. COLBURN.........................
GEORGE W. THOM AS............................
GEORGE W. THOMAS............................

Post-office addresses.
P la tt Street.
204 Granite Building.
806 Powers Building.
806 Powers Building.

ASSETS.
Loans on bond and m ortg a g e ................................................................
Advances fo r taxes, insurance, e t c ........................................................

$61,405 00
38 76
$61,443 76

L IA B IL IT IE S.
D ue shareholders, instalm ent shares...................................................
Due shareholders, income shares............................................................
D ividends credited ....................................................................................
B orrow ed money .........................................................................................
Earnings undivided ...................................................................................
C ontingent fund (as per section 225 o f Banking L a w ) .............
Unearned or rebatahle prem iu m ..........................................................
In dividual a c c o u n t .....................................................................................

$21,873
26,880
2, 933
972
5, 915
1,538
1,329

35
00
87
78
49
77
10
40

$61,443 76
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalm ent shares credited to m em bers...............................
Dues on income shares..............................................................................
M oney borrowed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Fees received ...............................................................................................
Fines received .............................................................................................
Interest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................
A ppraisal fees .....................
Contingent fund .........................................................................................
Expense f u n d ................................................................................................
P rofit and l o s s ..................................................................
T o correct e rro r...........................................................................................
In dividual accounts ..................................................................................
D ividends credited .....................................................................................

$669 94
12,916 05
1,680 00
972 78
11,555 00
1 50
46 67
3,077 98
605 00
61 00
221 55
1, 172 88
247 20
16 30
1, 759 40
2 ,881 67
$37,884 92

DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loans. . .
P a id income shares.....................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on income and accum ulative prepaid
shares ........................................................................................................
P a id salaries and clerk-hire...................................................................
P a id rent ......................................................................................................
P aid banking departm ent, exam ination ..............................................
P a id banking deartment, assessm ent...................................................
A ppraisal fees .............................................................................................
Expense fund ..............................................................................................




$12,705
13, 637
1,575
1,272

00
50
00
95

1, 320
667
260
22
4
61
1,172

40
25
00
00
90
00
88

M

onroe

C

ounty

201

.

Contingent fun d .........................................................................................
Dividends credited ....................................................................................
Interest returned ......................................................................................
Sundry expenses .........................................................................................
Undivided earnings from premium a ccou n t......................................
In dividual accounts ..................................................................................

$221
2,881
8
66
247
1, 761

55
67
00
42
20
20

$ 37,884 92
Plan, permanent. P a r value of shares, $105. Instalm ents are 15 cents,
20 cents and 25 cents weekly.
Shares in force January 1, 1913, 968; shares issued during the year, 233;
shares w ithdraw n during the year, 185; shares in force, 1,016. B orrow ing
members, 40, holding 466 shares; non-borrow ing members, 75, holding 550
shares. Fem ale shareholders, 47, holding 417 shares. T otal dividends cred­
ited members during the year on instalm ent shares, $1,561.27; rate, 5 per
cent. T otal dividends credited or paid in cash to members durin g the year
on other shares, $1,320.40; rate, 5 per cent.
N o unpaid withdraw als. Entrance or membership fee, 25 cents per mem­
ber. Operating expenses, as defined in section 227 of the Banking Law, in ­
curred and paid during the year, $993.67. Unpaid, none.
Prem ium plan, gross. Interest paid by borrow in g members, 10 cents per
share per week. Prem ium paid by borrow ing members, $5 per share.
Loans have been made in Monroe county, New Y ork State. Largest m ort­
gage loan outstanding, $6,975. M ortgages in force in New Y ork State,
$61,405. N o foreclosures during the year.

HUDSON STREET PERMANENT SAVING AND

LOAN ASSOCIATION.

N o. 517 Ellw anger and B arry B uilding, Rochester, N. Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1885.]

Names.
BERNARD LEUH M .................................
HENRY W. M ARTENS...........................
HENRY C. W ULLE.................................
HENRY W. M ARTENS...........................

Post-office addresses.
©28
N.Goodman St.
517
E.& B. Building.
&6
U niversity Avenue.
517
E.& B. Building.

ASSETS.
Loans on bond and m ortga ge...................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtures ...........................................................................

$14, 300 00
271 04
60 00
$14,631 04

LIA B IL IT IE S.
Due shareholders, instalm ent s h a r e s .................................................
Due shareholders, savings shares..........................................................
Due shareholders, incom e shares ........................................................
D ividends credited ....................................................................................
Earnings undivided ..................................................................................
Contingent fun d (a s per section 225 o f the Banking L aw ) . . . .
Unearned o r rebatable p r e m iu m ..........................................................

$4 ,58 5
826
6,5 55
888
874
454
447

15
12
00
26
86
30
35

$14,631 04
RECEIPTS.
Cash on hand January 1, 1913.............................................................. .
Dues on instalm ent shares credited to m em bers.............................
Dues on savings shares .........................................................................




$153 66
1,742 15
249 10

202

R eport

on

S a y in g s

and

L oan

A s s o c ia t io n s .

M ortgages redeemed, foreclosed o r transferred to real e s ta te ..
Interest received .........................................................................................

$ 2,300 00
699 30
$ 5 ,14 4 21

DISBURSEM ENTS.
Instalm ent dues repaid on w ithdraw al, o r applied on lo a n s ..
P a id savings shares
..............................................................................
P a id incom e shares ..................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on income and accum ulative prepaid
s h a r e s ..........................................................................................................
P aid salaries and c le r k -h ir e ................................................................
P a id r e n t ........................................................................................................
Paid banking department, exa m in a tion ............................................
P aid banking department, assessm ent.................................................
R epairing s a f e .............................................................................
Cash on hand December 31, 1913..........................................................

$2,001
252
1,600
329

85
00
00
67

258
371
24
14
1
20
271

80
00
00
50
35
00
04

$5, 144 21
Plan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force January 1, 1913, 224; shares issued during the year, 45;
shares w ithdraw n during the year, 2 1 ; shares in force, 248. B orrow ing
members, 12, holding 143 shares; non-borrow ing members, 19, holdin g 105
shares. Fem ale shareholders, 8, holdin g 64 shares. T otal dividends credited
members during the year on instalm ent shares, $205.12; rate, 5 per cent.
T ota l dividends credited or paid in cash to members during the year on other
shares, $251.12; rate, 4 per cent. A m ount o f filed and unpaid w ithdraw als
Decem ber 31, 1913, $1,100.
Entrance o r membership fee, 10 cents per share. Operating expenses, as
defined in section 227 of the Banking Law , incurred and paid during the year,
$415. Unpaid, none.Prem ium plan, gross. In terest pa id by b orrow in g members, 5 % per cent.
Prem ium paid by b orrow in g members, 5 per cent.
Loans have been made in M onroe county, New Y ork State. Largest m ort­
gage loan outstanding, $2,500.
M ortgages in force in N ew Y ork State,
$14,300. N o foreclosures during the year.

PINNACLE AVEN U E SAVINGS AND LOAN ASSOCIATION.
No. 842 Clinton avenue, South, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
P r e sid e n t.....................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1890.]

Names.
Post-office addresses.
CHARLES C.
REH TZ......................................
Rochester.
WILLIAM J. RICH TER....................................... Rochester.
WILLIAM E ISE N B E R G ....................................... Rochester.
WILLIAM J. RICH TER....................................... Rochester.

ASSETS.
L oan s on bonds and m ortg a g e...............................................................
Cash on hand and in b a n k .....................................................................
Furn itu re and fixtu res..............................................................................




$103,425 00
1 ,245 04
50 00
$104,720 04

M

onroe

C

ounty

.

203

LIABILITIES
Due shareholders, instalm ent shares...................................................
D ividends credited ....................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ...............
Unearned or rebatable prem iu m .........................................................

$ 8 3 ,5 4 7
11, 460
2 ,2 7 5
4 ,8 0 0
2, 636

40
75
39
00
50

$104,720 04
R EC EIPTS.'
Cash on hand January 1, 1913..............................................................
Dues on instalm ent shares credited to m em bers..............................
M oney borrowed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Fees received ...............................................................................................
Fines received .............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium received ......................................................................................
Reverted dividends ....................................................................................

$5,206
51,628
3, 000
14,100
40
4
5 ,413
996
34

17
50
00
00
00
10
29
00
77

$80,422 83
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s . . . .
D ividends paid on w ithdraw al, or applied on loa n s....................
P aid borrow ed money and prior m ortga ges......................................
P aid interest on borrow ed m oney and p rior m ortgages................
P aid salaries and clerk-h ire..................................................................
P aid rent ...........................! ....................................................................
P aid banking department, exam ination ..........................................
P aid banking department, assessment ............................................
A u ditin g .............
Prem ium rebated .......................................................................................
Office supplies, pass books, e tc ..............................................................
Cash on hand December 31, 1913.......................................................

$21,900 00
47, 958 46
4,9 99 87
3 ,000 00
76 60
832 00
78 00
49 50
811
3 00
157 00
115 25
1,245 04
$80,422 83

Plan, permanent. P a r value of shares, $100. Instalm ents are 15 cents
weekly.
Shares in force January 1, 1913, 1 ,7 5 1 % ; shares issued during the year,
2 51; shares w ithdraw n during the year, 20 1 ; shares in force, ljS O l^ . B or­
row ing members, 90, holding 1,034% shares; non-borrow ing members, 376,
holdin g 767 shares. Fem ale shareholders, 187, holding 851 shares. Total
dividends credited members durin g the year on instalm ent shares, $4,419.98;
rate, 5% per cent. Total dividends forfeited by w ithdraw ing members during
the year, $34.77.
N o unpaid w ithdraw als. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $1,028.25. Unpaid, none.
Premium plan, gross. Interest paid b y borrow ing members, 10 cents per
share per week. Prem ium paid b y borrow ing members, $9 per share.
Loans have been made in M onroe county, New Y ork State. Largest m ort­
gage loan outstanding, $5,500.
M ortgages in force in New Y ork State,
$103,425. N o foreclosures during the year.




204

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

PROFIT LOAN ASSOCIATION.
No. 448 Powers block, Rochester, N. Y.
[Organized under Law of ,1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ...................
A t to r n e y s ...................

Commenced business 1886.]

Names.
Post-office addresses.
LEW IS H. G ILBERT...................................... Rochester, N. Y.
WILLIAM J. TRIM BLE................................. Rochester, N. Y.
JOHN H. ASH TO N..........................................
Rochester, N. Y.
GEO. & S. C. TR U ESDALE.......................... Rochester, N. Y.

ASSETS.
Loans on bond and m ortg a g e...................................................................
C ontracts for the sale of real esta te...................................................
Real e s t a t e ....................................................................................................
Cash on hand and in b a n k ........................................................................

$379,900
4, 500
1, 187
7, 433

00
00
45
27

$393,020 72
LIA BILITIES.
Due shareholders, instalm ent shares...................................................
D ividends credited .....................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ................

$259,127
90, 510
32, 453
10, 930

39
30
03
00

$393,020 72
RECEIPTS.
Cash on hand January 1, 1913.................................................................
Dues on instalm ent shares credited t o m em bers...............................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Fees received ................................................................................................
Fines re c e iv e d ...............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium received .......................................................................................
Advances repaid .......................................................................................

$34, 119
104,923
48, 900
17
418
16, 772
7, 943
204

47
91
00
00
27
45
53
12

$213,298 75
DISBURSEM ENTS.
Loaned on m ortga ge...................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
D ividends paid on w ithdraw al, or applied on lo a n s ......................
P a id interest on borrow ed m oney and p rior m ortga ges.............
P a id salaries and clerk -h ire...................................................................
P aid advertising, printing and p osta ge.............................................
P aid r e n t ........................................................................................................
P aid repairs to real esta te.....................................................................
P a id taxes, insurance, etc.........................................................................
P a id banking department, e x a m in a tio n ..........................................
P a id banking departm ent, assessm ent...............................................

$116,200
79, 939
7, 756
87
1, 058
72
72
190
61
55
28

00
57
78
50
00
58
00
00
09
00
34

Officers’ bonds......................................................................

15 00

A ttorn ev’ s f e e s ..............................................................................................
Safe .
...........................................................................................................
Cash on hand December 31, 1913........................................................

189 62
140 00
7 ,433 27
$213,298 75

Plan, permanent. P ar value of shares, $100. Instalm ents arc 10 cents
weekly.
Shares in force Janu ary 1, 1913, 5,678; shares issued durin g the year, 1,452;
shares w ithdraw n during the year, 9 08; shares in force, 6,222. B orrow in g




M onroe

205

C ounty.

members, 129, holding 3,799 shares; non-borrow ing members, 262, holding
2,423 shares. Fem ale shareholders, 159, holding 1,773 shares. T otal d iv i­
dends credited members during the year on instalm ent shares, $16,885.77;
rate, 6 per cent.
N o unpaid withdraw als. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the B anking Law , incurred
and paid during the year, $1,217.58. Unpaid, none.
Prem ium plan, premium-interest. Interest paid b y borrow ing members, 10
cents per share per week. Prem ium paid by borrow ing members, 5 cents per
share per week.
Loans have been made in M onroe county, New Y ork State. Largest m ort­
gage loan outstanding, $12,000. M ortgages in force in New Y ork State,
$379,900. Two foreclosures during the year.

SECURITY LOAN ASSOCIATION.
N o. 448 Powers building, Rochester, N. Y .
[Organized under Law of 1851.

Commenced business 1881.]

Officers.
Names.
Post-office addresses.
P resid en t...................... TIMOTHY DERRICK.....................................
Rochester, N. Y.
Secretary .................... . WILLIAM H. FARAGHER.......................... Rochester, N. Y.
Treasurer ..................
WILLIAM H. FARAGHER.......................... Rochester, N. Y.
A ttorney .....................
GEORGE TR U ESDALE................................. Rochester, N. Y.
ASSETS.
Real e s t a t e ....................................................................................................
Cash on hand and in b a n k .......................................................................

$11,600 00
492 15
$12,092 15

L IA BILITIES.
Due shareholders, instalm ent shares...................................................
Due shareholders, matured shares.......................................................
P rior mortgages .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) .............

$4,762
936
4, 800
684
909

43
15
00
12
45

$12,092 15
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Rent r e c e iv e d ...............................................................................................

$248 54
1,101 50
$1,350 04

DISBURSEM ENTS.
P aid
P aid
P aid
P aid
P a id
P aid
P aid
Cash

interest on borrow ed m oney and prior m ortga ges.............
salaries and clerk-h ire...................................................................
advertising, printing and posta ge...........................'.................
repairs to real esta te.....................................................................
taxes, insurance, etc........................................................................
banking department, exam ination ............................................
banking department, a ssessm en t...............................................
on hand December 31, 1913..........................................................

288
57
3
199
286
22

00
32
05
67
40
50
95
492 15
$1,350 04

Plan, permanent. P a r value o f shares, $105.
15 cents and 25 cents weekly.




Instalm ents are 10 cents,

206

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

Shares in force January 1, 1913, 118; shares issued during the year, none;
shares w ithdraw n during the year, n one; shares in force, 118. B orrow ing
members, none. N on-borrow ing members, 14, holding 118 shares. Fem ale
shareholders, 5, holding 26 shares.
A m oun t o f filed and unpaid w ithdraw als December 31, 1913', $4,726.43.
Entrance or membership fee, 25 cents per share. O perating expenses, as de­
fined in section 227 of the B anking Law , incurred and paid during the year,
$60.37. Unpaid, none.
Prem ium plan, gross. In terest paid by borrow ing members, 10 cents per
share per week. Prem ium paid by borrow ing members, $10 per share.
Loans have been made in M onroe county, New Y ork State. N o m ortgage
loans outstanding. N o foreclosures durin g the year.

TW E N TIETH W ARD CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION.
No. 341 Campbell street, Rochester, N. Y .
[Organized under Law o f 1892.
Officers.
P r e sid e n t......................

Commenced business 1896.]

Secretary ....................

Names.
HENRY A. M ENSING ............

AUGUST J. D E N T IN G E R ...

Post-office addresses.
508 Campbell Street.

Treasurer ...................
A ttorney .....................

JOHN SE IL E R ............................
WILLIAM P. LO VE...................

341 Campbell Street.
Court House, Rochester.

332 Child Street.

A SSE TS.

Loans on bond and m ortga ge...............................................................-.
Cash on hand and in b a n k .....................................................................

$99,101 00
8 ,8 8 3 62
$107,984 62

LIA B IL IT IE S.
Due shareholders, instalm ent shares.................................................
D ividends credited ..................................................................................
Earnings undivided .................................................................................
Contingent fund (as per section 225 o f B anking L a w ) ...........

$91,284
11,301
4 ,0 3 8
1,359

80
75
70
37

$107,984 62
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers...........................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
Fines received ............................................................................................
Interest received ......................................................................................
Prem ium received .....................................................................................

$7,452
66,229
14,999
279
15
4, 764
1,289

19
65
00
85
66
22
55

$95,0 3 0 12
DISBURSEM ENTS.
Loaned on m ortgage ..............................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P a id m atured shares ..............................................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P aid salaries and clerk-hire .................................................................
P aid advertising, printing and p osta ge..........................................
P a id rent ......................................................................................................




$28,500
29, 808
24 ,06 8
1,381

00
95
05
90

1,5 09
738
54
50

17
50
45
.00

M onroe

P aid
P aid
Cash

2o r

C ounty.

banking
department, exam ination ...................................
banking departm ent, assessm ent...............................................
on band
December 31, 1913..........

$28 00
7 48
8,8 83 62
$95,0 3 0 12

Plan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents and
25 cents weekly.
Shares in force January 1, 1913, 4,133; shares issued during the year,
699; shares w ithdraw n during the year, 520; shares in force, 4,312. B or­
row ing members, 76, holding 1,252 shares; non-borrow ing members, 481,
holding 3,060 shares. Fem ale shareholders, 191, holding 1,266 shares. T otal
dividends credited members during the year on instalment shares, $4,676.41;
rate, 6 per cent.
N o unpaid w ithdraw als. Am ount o f shares m atured during the year, $24,068.05. Entrance or membership fee, 10 cents and 25 cents per share.
Operating expenses, as defined in section 227 o f the Banking Law , incurred
and paid during the year, $842.95. Unpaid, none.
Prem ium plan, premium-interest.
Interest paid by borrow ing members,
5 1 /5 per cent. Prem ium paid by borrow ing members, 3 cents per share.
Loans have been made in M onroe county, N ew Y ork State. Largest m ort­
gage loan outstanding, $5,000.
M ortgages in force in New Y ork State,
$99,101. N o foreclosures during the year.

UNION PERMANENT SAVINGS AND LOAN ASSOCIATION.
N o. 664 C linton avenue, N orth, Rochester, N . Y .
[Organized under Law of 1851.

Commenced business 1886.]

Officers.
Names.
P r e sid e n t...................... ROBERT SIE B E R T .................................
Secretary .................... EDWARD A. SH U LT S..........................
Treasurer ................... CHARLES NUNNOLD..........................
A ttorn eys....................... WERNER & H ARRIS............................

Post-office addresses.
U niversity Avenue.
34 City Hall.
664 Clinton Ave., N.
Insurance Bldg.

ASSETS
Loans on bond and m ortga ge........................
Cash on hand and in b a n k .............................

$41, 540 00
5 ,6 63 69
$47,203 69

LIABILITIES.
Due shareholders, instalm ent shares.................................................
D ividends credited ...................................................................................
Earnings undivided .................................................................................
Contingent fund (as per section 225 o f B anking L a w ) ................
Unearned or rebatable prem iu m ..........................................................

$37, 237
7 ,282
1,454
778
451

24
21
10
44
70

$47,203 «9
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real esta te.
Fees received ..............................................................................................
Interest received ....................................................................
Prem ium received ....................................................................................
P rofit and loss ...........................................................................................




$1,856
12,195
4,
19
2 ,2 7 0
27
71

68
78
“3
10
13
00
80

$ 20,440 49

208

R eport

on

S a v in g s

and

Loan

A s s o c ia t io n s .

DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
D ividends paid on w ithdraw al, or applied
on loa n s...................
P aid salaries and clerk -h ire...................................................................
P aid rent .....................................................................................................
P aid banking departm ent, exam ination ..........................................
P aid banking departm ent, assessment ............................................
State League dues .............
M ortgage ta x . . ' .........................................................................................
S u n d r ie s .........................................................................................................
Cash on hand December 31, 1913........................................................

$1, 040 00
11,514 89
1,745 18
370 00
52 00
29 00
373
5 00
3 00
14 00
5 ,6 63 69
$20,440 49

Plan, permanent. Par value o f shares, $100. Instalm ents are 10 cents
per share.
Shares in force January 1, 1913, 1,098; shares issued during the year, 191;
shares w ithdraw n during the year, 160; shares in force, 1,129. B orrow in g
members, 23, holding 508 shares; non-borrow ing members, 108, holdin g 621
shares. Female shareholders, 38, holding 325 shares. Total dividends
credited members during the year on instalm ent shares, $1,919.33; rate, 6
per cent.
N o unpaid w ithdrawals. Entrance or membership fee, 10 cents per share.
O perating expenses, as defined in section 227 o f the Banking Law, incurred
and paid during the year, $444. U.npaid, none.
Prem ium plan, gross. Interest pa id b y borrow in g members, 5 1 /2 0 per
cent. Prem ium paid by borrow ing members, $4.50 per share.
Loans have been made in M onroe cou nty, New Y ork State. Largest m ort­
gage loan outstanding, $4,000. M ortgages in force in New Y ork State,
$41,540. N o foreclosures during the year.

UNITED PERMANENT SAVINGS AND LOAN ASSOCIATION.
N o. 510 P ortland avenue, Rochester, N. Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
Attorney ............'__ _

Commenced business 1886.]

Names.
Post-office addresses.
FRANK D. FOLSOM................................... 130 Carter Street.
LEO SPIEGEL ............................................
6 K intz Place.
LOUIS K N A P P ............................................
Clifford Avenue.
JOHN B. K IL E Y .......................................... Powers Building.

ASSETS.
Loans on bond and m ortgage ..............................................................
Cash on hand and in b a n k .....................................................................
F urniture and fixtures ............................................................................

$60, 950 00
1,030 57
50 00
$62,030 57

LIA B IL IT IE S.
Due shareholders, instalm ent shares ................................................
D ividends credited ..................................................................................
E arnings undivided ..................................................................................
Contingent fund (as per section 225 of B anking L a w ) ................




$51,040
8 ,0 19
1, 270
1,700

89
40
28
00

$62,030 57

M onroe

209

C ounty.

REC EIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers...........................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Fees received .............................................................................................
Fines received ...........................................................................................
Interest * received ......................................................................................
Prem ium received ...................................................................................

$2 ,76 4
30, 895
1 ,7 00
38
2
2 ,9 0 0
733

78
60
00
30
00
30
20

$39,034 18
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loa n s. .
Dividends paid on w ithdraw al, or applied on loa n s....................
P aid salaries and clerk -h ire...................................................................
P aid advertising, printing and postage ..........................................
P aid rent ....................................................................................................
P aid banking department, exam ination ........................................
P aid banking department, assessment ............................................
Officers’ bonds ...........................................................................................
Cash on hand December 31, 1913........................................................

$9,400 00
26, 355 45
1,704 65
448 00
16 00
25 00
42 00
451
8 00
1,030 57
$39,034 18

Plan, permanent. P a r value of shares, $100 and $200. Instalm ents are 10
cents and 25 cents weekly.
Shares in force January 1, 1913, 1,293; shares issued during the year,
383; shares w ithdraw n during the year, 319; shares in force, 1,357. Bor­
row ing members, 37, holding 314 shares; non-borrow ing members, 227, hold­
ing 1,043 shares. Female shareholders, 109, holding 434 shares. T otal
dividends credited members during the year on instalm ent shares $3,443.45;
rate, 7 per cent.
N o unpaid w ithdraw als. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $497. Unpaid, none.
Prem ium plan, instalment. Interest paid b y borrow ing members, 5 1/5
per cent. Prem ium paid by borrow ing members, 5 cents per $200 share per
week.
Loans have been made in M onroe county, New Y ork State. Largest m ort­
gage loan outstanding, $3,200. M ortgages in force in New Y ork State,
$60,950. N o foreclosures during the year.

W ADSW ORTH DIME BANKING, AID AND LOAN ASSOCIATION.
N o. 576 H udson avenue, Rochester, N . Y .
[Organized under Law o f 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ...................

Commenced business 1887.]

Names.
HENRY J. SIM M ELINK.....................
GEORGE S T U R M E R ............................
JOSEPH F. R IB ST E IN ..........................

Post-office addresses.
196 Hudson Avenue.
954 Clifford Avenue.
16 State Street.

ASSETS.
Loans on bond and m ortga ge..................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtu res..............................................................................




$51, 800 00
3, 700 82
40 00
$ 5 5 ,5 4 0 82

210

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

LIA B IL IT IE S.
D ue shareholders, instalm ent shares...................................................
D ue shareholders, incom e s h a r e s ........................................................
D ividends credited .....................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ................

$28,328
18,862
3, 595
2, 205
2, 550

20
00
20
42
00

RECEIPTS.
Cash on hand January 1, 1913.................................................................
Dues on instalm ent shares credited to m em bers...........................
Dues on income shares..............................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Fees r e c e iv e d ................................................................................................
Interest received .........................................................................................
Prem ium received .......................................................................................

$55,540 82
---- —
$923 86
14,253 20
32 00
3,0 00 00
30 70
2, 495 35
1, 283 45

$22, 018 56
DISBURSEM ENTS.
: - ■ .
Loaned on m ortga ge..................................................................................
$8 ,70 0 00
Instalm ent dues repaid on w ithdraw al, or applied on loa n s. . .
6, 836 95
P a id incom e shares.....................................................................................
270 00
D ividends paid on w ithdraw al, or applied on loa n s....................
888 80
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
1, 146 70
P aid salaries and clerk -h ire...................................................................
450 75
P a id advertising, printing and posta ge...............................................
5 50
P a id hanking departm ent, exa m in a tion .............................................
15 25
P a id banking department, assessm ent.................................................
379
Cash on hand December 31, 1913........................................................
3 ,7 0 0 82
$22,018 56

Plan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force January 1, 1913, 1,176; shares issued during the year, 307;
shares w ithdraw n during the year, 158; shares in force, 1,325. B orrow ing
members, 29, holding 518 shares; non-borrow ing members, 81, holding 807
shares. Fem ale shareholders, 31, holdin g 288 shares. T otal dividends credited
members during the year on instalm ent shares, $1,577.15; rate, 8 per cent.
T otal dividends credited or paid in cash t o members during the year on other
shares, $1,146.70; rate, 6 per cent.
N o unpaid w ithdraw als. Entrance or mem bership fee, 10 cents per share.
O perating expenses, as defined in section 227 of the Banking Law , incurred and
paid during the year, $456.25. Unpaid, none.
Prem ium plan, instalment. In terest paid b y borrow ing members, 5 Vs per
cent. Prem ium paid bv borrow in g members, 5 cents per share per week.
Loans have been made in M onroe county, N ew Y ork State. Largest m ort­
gage loan outstanding, $3,000. M ortgages in force in N ew Y ork State, $51,800.
N o foreclosures during the year.

W ESTERN SAVINGS AND LOAN ASSOCIATION.
N o. 232 Pierpon t street, Rochester, N. Y .
[Organized under Law of 1892.
Officers.
V ice-President..............
Secretary ....................
Treasurer ...................
A ttorney .....................




Commenced business 1894.]

Names.
Post-office addresses.
THOMAS A. SMYTH........................................ Rochester. N. Y.
E. C. S T E P H E N S ............................................. Rochester, N. Y.
E. C. S T E P H E N S ............................................. Rochester, N. Y.
RICHARD E. W H IT E ....................................... Rochester, N. Y.

N assau

211

County.

ASSETS.
Cash on hand and in b a n k .......................................................................

$567 13

LIA BILITIES.
Earnings undivided ..................................................................................
W ithdraw al certificates ...........................................................................
Interest r e s e r v e d ........................................................................................

$342 25
58 88
166 OO
$567 13

RECEIPTS.
Cash on hand January 1, 1913..............................................................
Interest r e c e iv e d .........................................................................................

$549 29
22 09
$571 38

DISBURSEMENTS.
P aid banking departm ent, exam in ation ............................................
Cash on hand December 31, 1913..........................................................

$4 25
567 13
$571 38

Plan, serial. Par value o f shares, $100. Instalm ents are 25 cents, 50 cents
and $1 m onthly.
Shares in force January 1, 1913, n on e; shares issued during the year, none;
shares withdrawn, during the year, none; shares in force, none.
N o unpaid w ithdraw als. O perating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, none. Unpaid, none.
N o m ortgage loans outstanding. N o foreclosures during the year.

N A SSA U C O U N T Y .
HEMPSTEAD CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
N o. 68 M ain street, Hempstead, N. Y .
[Organized under Law o f 1851.

Commenced business 1889.]

Officers.
Names.
Post-office addresses.
P r e sid e n t...................... S. ALONZO SM ITH ...................................
Hempstead, N. Y.
S e c r e ta r y ....................... GEORGE H. BAUKNEY............................
Hempstead; N. Y.
Treasurer ...................
WILLIAM P L Y E R ......................................
Hempstead, N. Y.
A ttorneys....................... ROBERT & A. H. SE A B U R Y .................
Hempstead, N. Y.
ASSETS
Loans on bond and m ortg a g e...........................
Loans on s h a r e s ...................................................
Cash on hand and in b a n k ...............................
Furniture and fixtu res......................................

$187,800
19,161
5,2 30
50

00
00
79
00

$212,241 79
LIA B IL IT IE S.
Due shareholders, instalm ent shares...................................................
Due shareholders, income shares..........................................................
Dividends credited ....................................................................................
Balance to be paid borrow ers on m ortgage lo a n s ...........................
Earnings undivided ..................................................................................
Contingent fund (a s per section 225 of B anking L a w ) .............
D eposits b y b o r r o w e r s ..............................................................................




$164,729
1,8 00
35,993
1, 600
5 ,2 7 4
2 ,8 24
20

00
00
63
00
53
63
00'

$21 2 ,24 1 79

212

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

REC EIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalment shares credited to m em bers.............................
Dues on savings s h a r e s ............................................................................
Dues on income shares..............................................................................
M oney b o r r o w e d ...........................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares re p a id ..............................................................................
Fees received ................................................................................................
Fines r e c e iv e d ...............................................................................................
Interest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................
D eposits by borrow ers................................................................................
A pportioned profits ..................................................................................

$ 7,844
31, 628
80
1,500
4, 000
6, 800
1,578
77
301
10,070
1, 345
215
4

59
00
00
00
00
00
00
00
33
86
00
00
78

$65,444 56
DISBURSEM ENTS.
Loaned on m ortga ge...................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on withdTawal, or applied on lo a n s .. . .
P aid m atured s h a r e s ................................................................................
P aid savings shares ..................................................................................
P aid income shares ......................................'....................... ...................
D ividends paid on w ithdraw al, or applied on lo a n s......................
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P aid borrowed money and p rior m ortga ges......................................
P aid interest on borrow ed m oney and prior m ortga ges.............
P aid salaries and clerk -h ire...................................................................
P aid advertising, printing and p osta g e ............................................
P a id r e n t ........................................................................................................
P aid banking departm ent, exa m in a tion ............................................
P aid banking departm ent, assessm ent.................................................
State League du es...................................
A ppraisal fees ..............................................................................................
A ttorn ey’ s f e e s ..............................................................................................
Cash on hand December 31, 1913..........................................................

$25, 280
9 ,000
14, 238
480
441
500
5, 175

00
00
00
00
00
00
97

50
4, 000
50
598
30
60
69
15
6
60
160
5 ,2 3 0

00
00
00
00
73
00
00
07
00
00
00
79

$65,444 56
Plan, serial. P ar value o f shares, $200 and $240. Instalm ents are $1
m onthly.
Shares in force January 1, 1913, 2,411; shares issued during the year,
472; shares w ith d ra w n . during the year, 159; shares in force, 2,724. B or­
row in g members, 163, holding 1,106 shares; non-borrow ing members, 296,
holdin g 1,618 shares. Fem ale shareholders, 189, holding 822 shares. T otal
dividends credited members during the year on instalm ent shares, $9,566.59;
rate, 5 69/100 per cent. T ota l dividends credited or paid in cash to members
during the year on other shares, $70.51; rate, 4 per cent. T ota l dividends
forfeited b y w ithdraw ing members during the year, $362.89.
N o unpaid w ithdraw als. A m ount of shares m atured during the year, $480.
Entrance or membership fee, $1 per member. Operating expenses, as defined
in section 227 o f the Banking Law, incurred and paid during the year, $694.73.
U npaid, none.
Prem ium plan, instalment. Interest paid by borrow ing members, 5 per cent.
Prem ium paid by borrow ing members, 1 per cent.
Loans have been made in Nassau county, New Y ork State. Largest m ort­
gage loan outstanding, $4,000.
M ortgages in force in N ew Y ork State,
$187,800. N o foreclosures during the year.




N assau

O

ounty

213

.

PORT WASHINGTON BUILDING AND LOAN ASSOCIATION OF QUEENS
COUNTY, N. Y .
P ort W ashington, N . Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
S e c r e t a r y ....................
Treasurer ...................
A t t o r n e y .....................

Commenced business 1891.]

Names.
Post-office addresses.
CHARLES P. L E W IS.......................... Port W ashington, N. Y.
CHARLES E. H Y D E............................ Port W ashington, N. Y.
ALFRED C. BAY LES......................... Port W ashington, N. Y.
ALLEN PERCY BA X TER ................ Port W ashington, N. Y.
ASSETS.

Loans on bond and m ortg a g e................................................................
Loans on shares...........................................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtu res..............................................................................
Instalm ents due and u n paid ......................................
In terest, prem ium , fees an d fines due an d un paid

$144,900
3 ,950
15, 069
245

00
00
98
59

$ 1 ,708 00
887 83

$164,165 57
L IA B IL IT IE S .

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

Due shareholders, instalm ent shares...................................................
Dividends credited ....................................................................................
Balance to be paid borrow ers on m ortgage lo a n s ...........................
Borrow ed m o n e y .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ................

$119,580
28, 506
3, 100
5 ,000
4, 867
3, 110

■

00
92
00
00
87
78

$164,165 57
R E C E IP T S .

Cash on hand January 1, 1913..............................................................
Dues on instalment shares credited to m em bers.............................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred t o real esta te. .
Loans on shares rep a id ..................................................... ............ •
.........
Fees received ...............................................................................................
Fines received .......................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d ......................................................................................
Advances repaid .........................................................................................
Reverted dividends .....................................................................................

=

=

=

=

$16,296
2 8 ,41 0
5, 000
20, 000
5, 375
51
539
7 ,842
2, 843
35
341

=

83
00
00
00
00
75
67
80
34
00
50

$86,736 01
DISBURSEM ENTS.

Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
Dividends paid on w ithdraw al, or applied on loa n s......................
P aid interest on borrow ed money and prior m ortgages................
Paid salaries and clerk-hire...................................................................
Paid advertising, printing and posta ge............................................
P aid r e n t ........................................................................................................
Paid banking department, exam ination .............................................
P aid banking department, assessm ent...............................................
State League du es.......................................................................................
Insurance ......................................................................................................
A dding m a c h in e ...........................................................................................
Cash on hand December 31, 1913..........................................................




—

$36, 300
2 ,3 00
22, 218
9, 702
125
660
68
75
24
12
5
25
150
15,069

00
00
00
39
00
00
75
00
06
33
50
00
00
98

$86,736 01

214

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 2,177; shares issued during the year, 593;
shares w ithdraw n during the year, 2 8 6 ; shares in, force, 2,484. B orrow ing
members, 63, holding 719 shares; non-borrow ing members, 188, holding 1,765
shares. Female shareholders, 95, holding 922 shares. Total dividends credited
members during the year on instalm ent shares, $9,946.07; rate, 7 3 /1 0 per
cent. T ota l dividends forfeited b y w ithdraw ing members during the year,
$341.56.
N o unpaid w ithdraw als. Entrance or membership fee, $1 per member.
O perating expenses, as defined in section 227 o f the B anking Law , incurred
and pa id during the year, $809.25. U npaid, none.
Prem ium plan, instalm ent. Interest paid by borrow ing members, 5 per cent.
Prem ium paid by borrow ing members, 35 cents per share per month.
Loans have been made in N assau and Queens counties, N ew Y ork State.
Largest m ortgage loan outstanding, $5,000. M ortgages in force in New Y ork
State, $144,900. N o foreclosures during the year.

ROCKVILLE CENTRE SAVINGS AND LOAN ASSOCIATION.
N o. 76 V illa ge avenue, R ockville Centre, N . Y .
[Organized under Law o f 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ...................
A ttorneys ...................

Commenced business 1889.]

Names.
G. BYRON LATIM ER----NELLIE F. O’N E IL L ----WILLIAM H. CONNELL
HOOLEY & W IL S O N ...

Post-office addresses.
Rockville Centre, N. Y
Rockville Centre, N. Y.
Rockville Centre, N. Y.
Rockville Centre, N. Y.

ASSETS.
Loans on bond and m ortga ge.........................
Loans on shares .................................................
Cash on hand and in b a n k ...............................

$14,3 0 0 00
2 ,9 0 8 37
3 ,2 49 07
$20,457 44

LIA B IL IT IE S.
Due shareholders, instalm ent shares.................................................
D ividends credited ...................................................................................
E arnings undivided ................................................................................
Contingent fund (as per section 225 of Banking L a w ) ...........

$12,875
5, 121
859
1,600

84
64
96
00

$20,457 44
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers..............................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
Loans on shares re p a id ............................................................................
Fees received .............................................................................................
Fines received ................................................... i .....................................
Interest received .....................................................................................
Prem ium received .....................................................................................

$700
11,291
8, 050
2 ,0 0 0
2
16
1,288
193

46
89
00
00
00
65
96
41

$23,543 37
DISBURSEM ENTS.
Loaned on shares .....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
D ividends pa id on w ithdraw al, or applied on lo a n s ......................
P a id salaries and clerk-h ire...................................................................




$2, 680 00
1 6 ,96 0 28
535 75
5000

N ew Y
P a id
P a id
P aid
P aid
Cash

ork

C

ounty

215

.

advertising, prin tin g and p osta ge...........................................
r e n t .....................................................................................................
banking departm ent, exam ination .......................................
banking department, assessm ent.............................................
on hand December 31, 1913......................................................

$13
25
27
2
3,2 49

30
00
94
03
07

$23,543 37
Plan, permanent. P a r value of shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 320; shares issued during the year, 2 5 ;
shares w ithdraw n during the year, ? 4 ; shares in force, 271. B orrow ing
members, 7, holding 72 shares; non-borrow ing members, 38, holding 199
shares. Fem ale shareholders, 20, holding 132 shares. T ota l dividends
credited members during the year on instalment shares, $1,402.72; rate, 7
per cent. T ota l dividends forfeited by w ithdraw ing members during the
year, $16.65.
N o unpaid w ithdraw als. A m ount o f shares m atured during the year,
$3,032.65. Entrance or membership fee, $1 per member. Operating ex­
penses, as defined in section 227 o f the Banking Law, incurred and paid dur­
in g the year, $88.30. Unpaid, none.
Prem ium plan, instalment. Interest paid b y borrow ing members, 6 per
cent. Prem ium paid b y borrow ing members, 18 cents per share per month.
Loans have been made in Nassau county, New Y ork State. Largest m ort­
gage loan outstanding, $3,000. M ortgages in force in N ew Y ork State,
$14,300. One foreclosure during the year.

N EW YO RK COUNTY.
AMERICAN CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 147 E ast 125th street, N ew Y ork , N . Y .
[Organized under Law o f 1887.
Officers.
P r e sid e n t.....................
Secretary ....................
Treasurer ...................
A ttorney .....................

Commenced business 1888.
Laws of 1894.]

Names.
DANIEL O’B R IE N ................
ARCHIBALD W. MCEWAN
GEORGE J. ELLIO TT____
MARTIN S. COHEN............

Reorganized under

Post-office addresses.
63 E ast 126th Street.
2161 B athgate Avenue.
Ridgefield Park, N. J.
302 Broadway.

ASSETS.
Loans on bond and m ortga ge................................................................
Loans on shares ......................................................................................
Cash on hand and in b a n k ...................................................................
Furniture and fixtures .........................................................................

$43, 650
2 ,0 65
1, 833
41

00
00
89
05

$47,589 94
LIABILITIES.
Due shareholders, instalm ent shares ...............................................
Due shareholders, income shares.......................................................
Dividends credited ..................................................................................
Borrow ed m oney .....................................................................................
Earnings undivided ..............................................................................
Contingent fund (as per section 225 o f Banking L a w ) ...........
M a tu rity fund ........................................................................................
D eposit on loans ....................................................................................




$25,890
1 0,400
2 ,8 8 0
5,2 79
1,022
1,641
461
15

00
00
51
94
40
00
09
00

$ 4 7 ,5 8 9 94

216

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

r e c e ip t s .
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers...........................
Dues on income shares............................................................................
M oney borrowed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid ............................................., ..........................
Fines received ...........................................................................................
Interest received ......................................................................................

$736
7, 123
4 ,5 0 0
6 ,0 0 4
3 ,600
1,395

98
75
00
94
00
00
60
2 ,3 3 4 61

$25,695 88
DISBURSEM ENTS.
Loaned on m ortgage ..............................................................................
Loaned on shares .....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid m atured shares ..............................................................................
P aid income shares ................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ..................
Cash dividends paid on income and accum ulative prepaid
shares .........................................................................................................
P aid borrow ed m oney and p rior m ortga ges....................................
P aid interest on borrow ed m oney and prior m ortga ges...........
P aid salaries and clerk-h ire.................................................................
P aid advertising, printing and p osta g e.............................................
P aid rent ....................................................................................................
P aid banking departm ent, exam ination ........................................
P aid banking department, assessm ent.............................................
Furniture and fixtures . . . : .................................................................
D eposit on loans .....................................................................................
Office expenses, etc ..................................................................................
M a tu rity dividend ..................................................................................
Cash on hand December 31, 1913..........................................................

$10,200
2, 080
5 ,0 4 7
2, 000
300
348

00
00
50
00
00
00

315
2 ,7 0 0
180
200
27
240
17
3
41
10
50
101
1,8 33

45
00
26
00
00
00
33
41
05
00
00
99
89

$25,695 88
Plan, permanent P ar value o f shares, $200 Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1913, 849% ; shares issued during the year,
1 5 8 % ; shares w ithdraw n during the year, 9 2 ; shares in force, 915%. B or­
row ing members, 21, holding 177% shares; non-borrow ing members, 122,
holding 738% shares. Fem ale shareholders, 31, holding 142 shares. T otal
dividends credited members during the year on instalm ent shares, $1,133.88;
rate, 5 per cent. Total dividends credited or paid in cash to members dur­
in g the year on other shares, $315.45; rate, 5 per cent. T ota l dividends for­
feited b y w ithdraw ing members during the year, $43.89.
N o unpaid w ithdraw als. A m ount o f shares matured during the year,
$2,000. Operating expenses, as defined in section 227 o f the Banking Law,
incurred and paid during the year, 516. U npaid, none.
N o premium plan. Interest paid b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in Bronx. K in gs, New Y ork, Queens, Richm ond and
W estchester counties, New Y ork State and in New Jersey. Largest m ort­
gage loan outstanding, $4,000. M ortgages in force in New Y ork State, $32,450. N o foreclosures during the year.




N ew

Y ork

217

C ounty.

B A N E CLERKS’ CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
OF N E W YORK CITY.
N o. 26 Broadw ay, New York, N. Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
S e c r e t a r y ....................
Treasurer ...................
A ttorney .....................

Commenced business 1890.]

Names.
WILLIAM J. N E V IU S............
CHARLES S. GAUBEHT____
WILLIAM H. JUDSO N ............
HERBERT REEVES .................

Post-office addresses.
S. Orange, N. J.
Box 25, Sta. W, Brooklyn.
26 Broadway.
55 Liberty Street.

ASSETS.
Loans on bond and m ortg a g e ................................................................
Loans on shares .......................................................................................
Contracts for the sale of real esta te..............................................
Cash on hand and in b a n k ..................................................................
Advances for taxes, insurance, e tc ...................................................
A ccrued interest ......................................................................................
In sta lm e n ts due an d u n p a id ................................................
In terest, prem ium , fees an d fines due an d un paid

$847,700
57,216
8,031
27, 175
936
4 ,4 52

00
00
59
14
89
71

$24 00
2 6 26

$945,512 33
L IA BILITIES.
Due shareholders, instalm ent shares.................................................
Due shareholders, incom e shares ........................................................
D ividends credited ....................................................................................
Balance to be paid borrow ers on m ortgage loa n s......................
Borrow ed m oney .......................................................................................
Earnings undivided ................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ...........
D eposits to secure loans .......................................................................
Advance paym ents ..................................................................................
W ithdraw als in escrow ..........................................................................

$612,045
136,700
103, 973
52,000
20, 000
3, 175
15,000
654
151
1,812

00
00
66
00
00
07
00
72
45
43

$ 9 4 5 ,5 1 2 33
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers........................
Dues on income shares ..........................................................................
M oney borrow ed .........................
M ortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid .......................................................................
Real estate sold .......................................................................................
Fines received ............................................................................................
Interest received ......................................................................................
Advances repaid ......................................................................................
Deposits to secure loans .....................................................................
Advance payments and suspense .......................................................
Unpaid coupons ........................................................................................
W ithdrawals in escrow ..........................................................................

$15,297
181,426
2 8 ,70 0
35,000
84, 800
34, 859
620
267
48, 318
461
2 ,966
1, 477
5
1,848

28
00
00
00
00
00
77
39
78
21
70
50
00
17

$436,047 80
DISBURSEMENTS.
Loaned on m ortgage................................................................................
Loaned on shares ....................................................................................
Instalm ent dues repaid on withdrawal, or applied on lo a n s ...
Paid m atured shares .............................................................................




$181,950
45. 018
76.015
50. 400

00
00
00
00

218

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

P aid income shares ................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on income and accum ulative prepaid
shares ........................................................................................................
P aid borrow ed money and prior m ortgages .................................
P aid interesst on borrow ed money and prior m ortga ges...........
P a id salaries and clerk-h ire.................................................................
P aid advertising, printing and posta ge..........................................
P aid banking departm ent, exam ination ..........................................
P aid banking departm ent, assessm ent.............................................
Officers’ bonds ...........................................................................................
Advances for taxes, insurance, e t c .................. «................................
A u ditin g .......................................................................................................
D irector’s fees .........................................................................................
Safe deposit vault ...................................................................................
S a f e ..................................................................................................................
Typew riter .....................................................................................................
General expenses ........................................................................................
D eposits to secure loans rep a id ..........................................................
A dvance paym ents and suspense ........................................................
Cash on hand December 31, 1913........................................................

$13,500 00
11, 176 59
6, 501
1 5,000
102
2 ,5 0 0
843
71
65
36
431
75
753
25
113
50
138
2 ,7 7 9
1, 326
27,175

64
00
09
00
79
50
09
00
91
00
00
00
50
00
82
68
05
14

$436,047 80
Plan, serial. P ar value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 14 ,65 8 % ; shares issued during the year,
4 ,9 4 2 % ; shares w ithdraw n during the year, 3 ,4 8 0 % ; shares in force, 16,120% . B orrow ing members, 206, holding 3,919 shares; non-borrow ing mem­
bers, 1,741, holding 12,201% shares. Fem ale shareholders, 514, holding
3,642 shares. T ota l dividends credited members during the year on instal­
ment shares, $34,625.39; rate, 5 % per cent. Total dividends credited or
paid in cash to members during the year on other shares, $6,501.64; rate, 5
per cent. Total dividends forfeited by w ithdraw ing members durin g the
year, $1,105.21.
N o unpaid w ithdraw als.
A m ount of shares m atured during the year,
$50,400. Operating expenses, as defined in section 227 o f the B anking Law,
incurred and paid during the year, $4,535.11. Unpaid, none.
N o prem ium plan. Interest paid b y borrow ing members, 6 per cent. N o
prem ium charged.
Loans have been made in K in gs, Nassau, N ew Y ork, Queens, Richm ond,
Rockland, Suffolk and W estchester counties, New- Y ork State and in Con­
necticu t and New Jersey. Largest m ortgage loan outstanding, $12,000.
M ortgages in force in New Y ork State, $332,150. N o foreclosures during the
year.

BANKERS’ LOAN AND IN VESTM EN T COMPANY.
Nos. 74 and 76 W a ll street, N ew Y ork, N. Y .
[Organized under Law o f 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ...................
A ttorney .....................

Commenced business 1890.]

Names.
Post-office addresses.
CLARENCE W. CLARK..................................... 74 W all Street.
JOHN C. TEN EYCK ........................................ 74 W all Street.
CLARENCE W. CLARK..................................... 74 W all Street.
JOHN C. TEN EYCK ......................................... 74 W all Street.

ASSETS.
Loans on bond and m ortg a g e ..............................................................
Loans on shares ........................................................................................
Stocks and bonds ......................................................................................




$138,277 82
3, 854 42
6 ,7 8 0 00

ISTe w

Y ork

C ounty.

Contracts for the sale of real estate.................................................
Real e s t a t e ...................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtures ...........................................................................
Interest, premium, fees and fines due and u n p a id ........................
Advances for taxes, insurance, e t c .....................................................
Due from agents ......................................................................................
Rents due ....................................................................................................

219
$25,232
639,270
9 ,0 12
3, 349
1,186
108
191
700

93
73
99
98
78
78
99
00

$827,966 42
LIA B IL IT IE S.
Due shareholders, instalm ent shares ...............................................
D ue shareholders, income shares.......................................................
Dividends credited ..................................................................................
P rior m o r t g a g e s .........................................................................................
Borrow ed m o n e y ............................................ . ..........................................
F.arnings undivided ..................................................................................
Contingent fund (as per section 225 of B anking L a w ) ...........
Interest accrued ............................................................................ ..
Taxes a c c r u e d .............................................................................................
Due agents .................................................................................................
Insurance reserve ....................................................................................

$45,664
6 47,000
13,014
38, 800
33, 500
33,377
7,5 78
1, 315
162
42
7 ,512

35
00
65
00
00
36
62
20
00
02
22

$827,966 42
RECEIPTS.
Cash on hand January 1, 1913.................... '........................................
Dues on instalm ent shares credited to m em bers...........................
Dues on income shares ...........................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ..............................................................................
Real estate sold .........................................................................................
Fees received ..............................................................................................
Fines received ...........................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d ......................................................................................
Rent received ..............................................................................................
Advances repaid ........................................................................................
Expenses returned ....................................................................................
Real estate expense returned ..............................................................
Taxes returned .........................................................................................
Real e s t a t e ....................................................................................................
Instalm ent shares ....................................................................................
G uarantor’s profits ..................................................................................
From a g e n t s .................................................................................................
Insurance reserve .....................................................................................
Judgments .....................................................................................................
Contingent fund .........
M iscellaneous accounts .........................................................................
Real estate contracts .............................................................................
P rofit and loss item s................................................................................

$4,13Y
6 ,794
1, 500
7, 000
80,153
235
36,159
38
5
4, 841
12,476
39,981
2, 881
409
556
9
216
1,757
2, 827
3, 590
2, 022
653
895
57
1,219
9 ,5 16

97
44
00
00
44
28
66
30
74
80
27
74
04
07
00
29
84
93
00
00
93
48
58
70
19
57

$219,937 26
d is b u r s e m e n t s .
Loaned on m ortgage ................................................................................
Loaned on shares .....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s . .
P aid income shares ..................................................................................




$27, 523
476
5,240
1, 500

75
82
58
00

220

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

Dividends paid on w ithdraw al or applied on lo a n s ......................
Cash dividends paid on income and accum ulative prepaid
s h a r e s ..........................................................................................................
Paid borrowed money and prior m ortga ges......................................
P aid interest on borrow ed money and p rior m ortga ges..............
Paid fo r real esta te.....................................................................................
P aid salaries and clerk -h ire...................................................................
P aid advertising, printing and p osta ge.................................
Paid rent ......................................................................................................
Paid repairs to real esta te.......................................................................
Paid taxes insurance, e t c .........................................................................
Paid hanking departm ent, exa m in a tion .............................................
P aid banking department, a ssessm en t...............................................
Advances fo r taxes, insurance, e t c ........................................................
D ividends .......................................................................................................
A g e n t s .....................................................................................................................
Real estate contracts ............................
Insurance reserve ....................................................................................
Judgm ents .....................................................................................................
Sundry expenses .......................................................................................
M iscellaneous accounts ..........................................................................
Furniture and fixtures .........................................................................
P rofit and loss item s ..............................................................................
Cash on hand December 31, 1913........................................................

$580 52
13, 557 21
44, 200 00
8 ,0 52 06
31,480 30
7,777 48
527 71
600 00
5, 874 29
15,039 91
108 34
68 95
2 ,5 71 94
4, 584 93
4,41891
2 6,452 12
29 72
38 84
6 ,0 0 0 53
57 70
17 50
4 ,1 44 16
9 ,0 12 99
$219,937 26

Plan, permanent. P ar value of shares, $100. Instalm ents are 5 cents to
70 cents monthly.
Shares in force January 1, 1913, 9 ,7 8 8 % ; shares issued during the year,
391; shares w ithdraw n during the year, 1,020% ; shares in force, 9,159. B or­
row in g members, 28, holding 1,045 shares; non-borrow ing members, 701, hold­
ing 8,114 shares. Fem ale shareholders, 311, holding, 2,416 shares. Total
dividends credited members during the year on instalm ent shares, $1,767.76;
rate, 6 per cent. T ota l dividends credited or paid in cash to members dur­
ing the year on other shares, $16,430.35; rate, 1% per cent., 5 per cent, and
6 per cent. T ota l dividends forfeited b y w ithdraw ing members during the
year, $1.33. Am ount of filed and unpaid w ithdraw als December 31, 1913,

$100.
Entrance or membership fee, 25 cents per share. Operating expenses, as de­
fined in section 227 of the Banking Law, incurred and paid during the year,
$10,746.42. Unpaid, none.
Prem ium plan, prem ium -interest. In terest and premium paid by borrow ­
ing members, 50 cents to 66 2 /3 cents per share per month.
Loans have been made in K ings, N ew Y ork and W estchester counties, New
Y ork State, and in Texas, and V irginia. L argest m ortgage loan outstand­
ing $11,000. M ortgages in force in New Y o rk 'S ta te , $124,218.74. One fore­
closure during the year.

BROADW AY DRY GOODS CO-OPERATIVE BUILDING AND LOAN
ASSOCIATION.
N o. 320 Broadw ay, New Y ork, N. Y .
[Organized under Law of 1851.
Officers.
P ro v id e n t.....................
Secretary ....................
Treasurer ..................
Attorney .....................




Commenced business 1S8S.1

Names.
T . C. PLACE................................
T
J. G. CARYL................................
L J. PARK, J r ..........................
WALTER L.DURACK...............

Post-office addresses
31 E. 17th Street.
2698 Creston Ave., Bronx.
, tDi vvoni, N. .i.
215 Montague St.. Brooklyn

JT w
Se

Y

ork

C

ounty

.

221

ASSETS.
Loans on bond and m ortga ge................................................................
Loans on s h a r e s ...........................................................................................
Cash on hand and in b a n k .....................................................................
Interest, premium, fees and fines due and u n p a id ........................
Interest accrued .........................................................................................
A ppraiser’ s fees a d v a n c e d .......................................................................

LIA B IL IT IE S.

$30,100
688
986
53
6
12

$31,846 65
............................... r

Due shareholders, instalm ent shares .................................................
Due shareholders, incom e shares .......................................................
Dividends credited ....................................................................................
Balance to be paid borrow ers on m ortgage loa n s...........................
Borrow ed m o n e y .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ................
Suspended accounts ..................................................................................
Accrued interest .........................................................................................
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on income shares ..............................................................................
Money borrowed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares rep aid ..............................................................................
Fines received .............................................................................................
Interest received .........................................................................................
Prem ium received . , ..................................................................................
Kent r e c e iv e d ...............................................................................................
Advances repaid ...............................................................................
F ire loss ........................................................................................................
D e p o s it s ...................................................................................................
Satisfaction o f ju dg m en t........................
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
D ividends paid on w ithdraw al, or applied on loa n s......................
Cash dividends paid on income and accum ulative prepaid
s h a r e s ..........................................................................................................
P aid borrow ed money and prior m ortga ges....................................
P aid interest on borrow ed m oney and prior m ortga ges................
P a id salaries and clerk-hire ................................................................
P aid advertising, p rin tin g and p osta ge..............................................
P aid rent ......................................................................................................
P aid banking department, exam ination ...............................................
P aid banking department, assessm ent...............................................
Officers’ bonds .............................................................................................
Advances for taxes, insurance, e t c .......................................................
D e p o s it s ..........................................................................................................
Fire loss ........................................................................................................
Sundry expenses .........................................................................................
Cash on hand December 31, 1913..........................................................




00
00
18
29
68
50

$15, 744
8 ,2 00
3 ,4 50
50
3, 000
200
1, 131
6
64
■ ■

45
00
23
00
00
68
06
00
23

$31,846 65
- $1,112
3, 579
3, 000
3,000
4 ,700
517
21
1,760
330
40
9
1, 025
30
25

22
04
00
00
00
50
24
39
25
00
38
41
00
03

$19,150 46
-------$4,950 00
740 00
6, 338 74
1,781 13
386
2,0 00
105
454
36
230
17
2
20
9
42
1,025
24
986

94
00
11
17
15
00
33
53
00
38
50
41
89
18

$19,150 46

222

R eport

on

S a v in g s

L oan

and

A s s o c ia t io n s .

Plan, serial. P a r value of shares, $100 and $250. Instalm ents are 40 cents
and $1 m onthly.
Shares in force January 1, 1913, 543; shares issued during the year, 2 4 1 % ;
shares withdraw n during the year, 145; shares in force, 639% . B orrow ing
members, 13, holding 220 shares; non-borrow ing members, 59, holdin g 419%
shares. N o record o f fem ale shareholders. Total dividends credited members
durin g the year on instalm ent shares, $898.66; rate, 5 per cent. Total
dividends credited or pa id in cash t o members during the year on other
shares, $386.94; rate, 5 per cent. T ota l dividends forfeited by w ithdraw ing
members during the year, $21.24.
N o unpaid w ithdraw als. O perating expenses, as defined in section 227 o f
the B anking Law, incurred and paid durin g th e year, $725.21. U npaid, none.
Prem ium plan, instalm ent. In terest paid b y borrow in g members, 6 per
cent. Prem ium paid b y b orrow in g members, 10 cents, and 25 cents per share
per month.
Loans have been m ade in B ronx and Queens counties, New Y ork State and
in N ew Jersey. Largest m ortgage loan outstanding, $5,000. M ortgages in
force in New Y o rk State, $12,550. N o foreclosures during the year.

CITIZENS’ SAVING AND LOAN ASSOCIATION OF N E W YORK CITY.
N o. 247 W est 125th street, N ew Y ork, N . Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ...................
A ttorney .....................

Commenced business 1889.]

Names.
WILMORE A N W A Y ............ * . . . .
E. M. CUTLER...................................
GUSTAVUS R EH A H N .....................
WILMORE ANWAY ......................

Post-office addresses.
141 Broadway.
56 P in e Street.
420 W est 130th Street.
141 Broadway.

A SSET S
Loans on bond and m ortg a g e.........................
Loans on shares .................................................
R eal estate ............................................................
Cash on hand and in b a n k .............................
Furn itu re and f ix t u r e s ......................................

$76,439 57

2,000 00
2 ,4 11 89
1,914 88
300 00
$83,066 34

L IA B IL IT IE S.
D ue shareholders, instalm ent s h a r e s .................... ............................
Due shareholders, accum ulative prepaid s h a r e s .............................
D ividends credited ..................................................................................
Earnings undivided ...................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ................
E x c h a n g e ........................................................................................................

$26,055
4 9,750
3, 876
1, 779
1,602
2

24
00
80
05
76
49

$83,066 34
R EC EIPTS.
Cash on hand January 1, 1 9 1 3 ..............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on accum ulative prepaid shares.................................................
M on ey borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Fees r e c e iv e d ................................................................................................
F ines r e c e iv e d ................................... ..........................................................
In terest received ..........................................................................................
P rem ium r e c e iv e d .......................................................................................
Advances repaid .........................................................................................




$ 1 ,82 7
10, 854
2 ,1 2 5
18, 500
15,200
17
74
4 ,4 4 8
424
351

86
49
00
00
00
75
56
85
60
66

N ew

Y ork

223

C ounty.

D ividend account ......................................................................................
Heal estate contracts ................................................................................
E x c h a n g e ........................................................................
P rofit and l o s s .............................................................................................
Contingent account ..................................................................................

$1,169
47
4
97
176

22
05
10
23
70

$55,319 07
DISBURSEM ENTS.

„ ... ------

■■
■-

Loaned on mortgage ................................................................................
$10,000 00
100 00
Loaned on shares ......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
11, 145 98
P aid accum ulative prepaid shares.......................................................
5,2 50 00
654 37
D ividends paid on w ithdraw al, or applied on loa n s......................
Cash dividends paid on income and accum ulative prepaid
s h a r e s ..........................................................................................................
2,3 05 56
P a id borrowed m oney and prior m ortgages......................................
20,750 00
P aid interest on borrow ed m oney and prior m ortga ges.............
95 58
P aid salaries and clerk-hire ................................................................
733 28
P aid advertising, printing and p osta ge............................................
73 95
P aid r e n t .......................................................................................................
222 68
P a id taxes, insurance, e t c .......................................................................
55 91
P aid banking department, exam ination .......................................................
29 35
P a id banking department, a s se s s m e n t...............................................
7 08
Advances for taxes, insurance, e t c ........................................................
351 66
Exchange ......................................................................................................
2 20
P rofit and l o s s .............................................................................................
1, 356 92
Sundry expenses .........................................................................................
269 67
Cash on hand December 31, 1913..........................................................
1,'914 88
$55,319 07
Plan, permanent. P ar value o f shares, $125 and $250. Instalm ents are
50 cents weekly.
Shares in force Janu ary 1, 1913, 772; shares issued during the year, 7 6 ;
shares withdrawn during the year, 78; shares in force, 770. B orrow ing
members, 39, holding 184 shares; non-borrow ing members, 140, boldin g 586
shares. Female shareholders, 35, holding 112 shares. T otal dividends cred­
ited members during the year on instalm ent shares, $1,169.22; rate, 4%' per
cent. T ota l dividends credited or paid in cash to members during the year
on other shares, $2,305.56; rate, 4%' per cent.
N o unpaid withdraw als. Entrance or membership fee, 25 cents per share.
O perating expenses, as defined in section 227 o f the Banking Law, incurred
and paid during the year, $1,299.58. Unpaid, none.
Prem ium plan, instalment. Interest paid by borrow ing members, 5 % per
cent, and 6 per cent. Prem ium paid by borrow ing members, 5 cents per
share per week.
Loans have been made in K ings, New Y ork, Orange, Queens, Rockland, and
W estchester counties, New Y ork State and in New Jersey. Largest m ortgage
loan outstanding, $4,750. M ortgages in force in New Y ork State, $28,939.57.
N o foreclosures during the year.

CO-OPERATIVE BUILDING BANK.
Nos. 23 and 25 E ast Tw enty-sixth street, New Y ork, N. Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t.....................
Secretary ....................
Treasurer ..................
Attorneys...................




Commenced business 1890.]

Names.
Post-office addresses
MINOT C. KELLOGG.............. 27 Park Row.
ROBERT B. WALDO.............. 23 and 25 E ast Twenty-sixth
Street.
CHARLES L. H E IN S .............. Glen Ridge, N. J.
LEXOW,
MACKELLAR
&
WELLS.................................... 43 Cedar Street.

224

R eport

on

S a v in g s

and

L oan

A s s o c ia t io n s .

ASSETS.
Loans on bond and m ortg a g e...................................................................
Loans on shares .........................................................................................
Contracts fo r the sale o f real esta te ...................................................
R eal estate ....................................................................................................
Cash on hand and in b a n k .....................................................................
Furn itu re and f ix t u r e s ..............................................................................
Advances for taxes, insurance, e tc ........................................................

$33,605
7,0 00
10,978
118, 393
3,9 29
100
Ill

00
00
60
45
34
00
12

$174,117 51
L IA BILITIES.
Due shareholders, instalm ent shares .................................................
Due shareholders, savings shares..........................................................
D ue shareholders, accum ulative prepaid shares.............................
D ividends credited .....................................................................................
Due shareholders, m atured shares ......................................................
P rior mortgages .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ................
In dividual accounts ..................................................................................

$29, 650
523
31,785
20,679
51,739
30, 000
6, 187
3, 513
39

82
15
13
49
00
00
01
50
41

$174,117 51
R E C E IP T S .

Cash on hand January 1, 1913...............................................................
Dues on instalm ent shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ..............................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
In terest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................
R ent r e c e iv e d ................................................................................................
Advances repaid .........................................................................................
Land contracts ..........................., .............................................................
P ro fit and loss ........................................
In dividual accounts ..................................................................................

$2,703
596
2 ,8 55
3, 180
90
35
1,793
698
2 ,6 8 9
10
6, 340
28
40

58
30
85
00
05
76
20
25
20
00
76
48
00

$21,061 43
DISBURSEM ENTS.
Loaned on m o r t g a g e ...................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loans. . .
P a id accum ulative prepaid s h a r e s . . . . . .............................................
D ividends paid on w ithdraw al, or applied on lo a n s ......................
Cash dividends paid on income and accum ulative prepaid
shares .........................................................................................................
P a id interest on borrow ed m oney and p rior m ortga ges................
P a id for real e s t a t e ........................................
P a id salaries and c le r k - h ir e ...................................................................
P a id advertising, printing and postage ..........................................
P a id rent ......................................................................................................
P aid repairs to real e s t a t e .....................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, exam ination ..........................................
P a id banking departm ent, a s se s s m e n t...............................................
Advances fo r taxes, insurance, e t c ........................................................
Land contracts ...........................................................................................
P rofit and lo s s ....................................................................................
R eal estate expenses ................................................................................




$500
3 ,0 43
824
1,241

00
25
76
06

529 57
1,500 00
1,548 45
2 ,5 34 25
65 80
797 19
3,231 52
279 92
45 50
1470
103 12
403 82
44 91
161 70

N

ew

Y

ork

C

ounty

225

.

Legal e x p e n s e s .............................................................................................
Sundry expenses ........................................................................................
Cash on hand December 31, 1913.........................................................

$177 34
85 23
3,9 29 34
$21,061 43

Plan, permanent. P ar value of shares, $100. Instalm ents are 12 cents
w eekly; 10 cents to $1 m onthly.
Shares in force January 1, 1913, 3,0 95 % ; shares issued during the year,
n one; shares withdrawn during the year, 123; shares in force, 2,972% . B or­
row ing members, 34, holdin g 311%' shares; n on -borrow in g members, 292,
holding 2,661 shares. Female shareholders, 86, holding 500 shares. Total
dividends forfeited by w ithdraw ing members during the year, $90.05. Am ount
of filed and unpaid w ithdraw als December 31, 1913, $19,158.68.
Entrance or membership fee, $1 per member. Operating expenses, as de­
fined in section 227 of the Banking Law, incurred and paid during the year,
$3,482.47. Unpaid, none.
Prem ium plan, instalm ent and premium-interest. Interest paid by borrow ­
ing members, 5 % per cent., and 6 per cent. Prem ium paid by borrow ing
members, 1 % per cent.
Loans have been made in Albany, Erie, K ings, Ulster and W estchester
counties, New Y ork State and in Connecticut, Pennsylvania and Bhode Island.
Largest m ortgage loan.outstanding, $15,989. M ortgages in force in New Y ork
State, $31,185. No foreclosures during the year.

CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION OF N E W YORK.
N o. 14 Bible House, New Y ork, N. Y .
[O rgan ized un der L a w o f 1 8 5 1 .

Officers.
President . .
Secretary . .
Treasurer .,
A ttorneys . .

C om m enced bu sin ess 1 8 8 8 .]

Names.
Post-office addresses.
CHARLES STUART FOLSOM................... 14 Bible House.
GEORGE E. LANGE..................................... 14 Bible House.
W ILFRED M. THOMPSON........................ 14 Bible House.
AUSTIN & MCKOWON................................. 50 Church S treet

ASSETS.
Loans on bond and m ortga ge................................................................
Loans on shares ........................................................................................
Cash on hand and in b a n k ........................ ..........................................
Furniture and fixtures .........................................................................
Interest, premium, fees and fines due and u n p a id ........................
Advances for taxes, insurance, e t c .....................................................

LIA B IL IT IE S.
Due shareholders, instalm ent shares .................................................
Due shareholders, savings shares .....................................................
Due shareholders, income shares
..................................................
Balance to be paid borrow ers on m ortgage lo a n s .........................
Borrow ed m oney .......................................................................................
Earnings undivided ................................................................................
Contingent fund (as per section 225of Banking L a w ) .............
Interest
.......................................................................................................
Suspense .............................................................
A ppraisal and exam ination fe e s ..........................................................

$82,600
16,092
2 ,3 17
1
634
5

00
25
24
00
92
00

$101,650 41
==========
$23, 194
1, 009
55,180
6,3 46
4, 000
5 ,1 34
6,000

27
86
00
03
00
14
00
67
84 00
701 44

$101, 650 41

8




226

R eport

on

S avings

and

L oan A ssociations .

r e c e ip t s .
Cash on hand January 1, 1913............................................................
Dues on instalment shares credited to m em bers...........................
Dues on savings shares .........................................................................
Dues on income shares .........................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e sta te. .
Loans on shares repaid .........................................................................
Real estate sold ..............................................................................
Fees received ...............................................................................................
Fines received ...........................................................................................
Interest received .......................................................................................
Prem ium received .................................................................................
Advances repaid .....................................................................................
Appraisal and exam ination fees ........................................................
Incidentals ....................................................................................................
Individual accounts .................................................................................
B uildin g loan contracts .......................................................................
Furn itu re and fixtures .........................................................................
Prem ium
returned .......................................................................
Suspense ........................................................................................................
Dishonored check .....................................................................................

$3,521
23,750
645
6, 300
17,915
29, 700
15, 146
1,975
13
28
5 ,4 65
65
152
1, 790
92
6 ,0 4 4
32,226
3
1
2
100

74
74
21
00
00
00
00
29
00
35
09
44
62
00
24
59
95
00
21
60
00

$144,939 07
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Loaned on shares .....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid savings shares ................................................................................
P aid income shares ...................................................................................
Cash dividends paid on income and accum ulative prepaid
shares............................................................................................................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and prior m ortga ges................
P a id salaries and clerk-hire .................................................................
P aid advertising, printing and p osta ge.............................................
P aid rent ......................................................................................................
P a id taxes, insurance, e t c . ...................................................................
P aid banking departm ent, exam ination ..........................................
P a id hanking departm ent, assessm ent...............................................
Officers’ bonds................................................................................................
M etropolitan and State League du es.................................................
In dividual accounts.....................................................................................
B uildin g loan contracts ..........................................................................
Furniture and fixture ............................................................................
A ttorn ey’s fees, exchange, e t c ..............................................................
A ppraisal and exam ination fe e s ..........................................................
Suspense a c c o u n t ........................................................................................
D ishonored check..........................................................................................
Fines..................................................................................................................
Claim under w arranty deed .................................................................
D ividends.........................................................................................................
D irectors’ fees...............................................................................................
T e le p h o n e .......................................................................................................
N otary fees.....................................................................................................
Cash on hand Deceml— 31, 1913........................................................




$46,100
6,255
2 0,863
302
13,350

00
25
08
57
00

2, 930
13,915
128
399
182
310
16
26
7
24
32
6, 044
29, 080
183
116
1,103
5
100
1
Ill
999
27
3
1
2 ,3 1 7

84
00
83
88
79
00
08
00
83
00
00
59
92
00
24
56
20
00
07
99
61
50
00
00
24

$144,939 07

N ew

Y ork

227

C ounty.

Plan, permanent. P ar value of shares, $100. Instalm ents are 10 cents
weekly or 43 1/3 cents m onthly.
Shares in force January 1, 1913, 2,687; shares issued durin g the year,
1,829; shares w ithdraw n during the year, 1,642; shares in force, 2,874.
B orrow ing members, 32, holding 1,359 shares; non-borrow ing members, 169,
holding 1,515 shares. Fem ale shareholders, 86, holding 1,016 shares. T otal
dividends credited members during the year on instalm ent shares, $973.02;
rate 5 per cent. T ota l dividends credited or paid in cash to members dur­
ing the year on other shares, $2,957.43; rate, 4 per cent, and 5 per cent.
N o unpaid w ithdrawals.
Entrance or membership fee, $1 per member.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $980.17. Unpaid, none.
Prem ium plan, instalment. Interest paid by borrow ing members, 6 per
cent. N o premium charged.
Loans have been made in K ings, New York, Queens, Richm ond and W est­
chester counties, N ew Y ork State, and in New Jersey. Largest m ortgage
loan outstanding, $7,000. M ortgages in force in New Y ork State, $60,300.
Three foreclosures during the year.

FIRST BOHEMIAN-SLAVONIC CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION.
No. 420 East Seventy-first street, N ew Y ork, N. Y .
[Organized under Law o f 1894.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ...................
A ttorney .....................

Commenced business 1899.]

Names.
THOMAS C A P E K ........................... ..
VACLAV V E S E L Y ..................................
JAN. STANEK ........................................
THOMAS CAPEK ....................................

Post-office addresses.
1429 F irst Avenue.
419 E. 72d Street.
364 E ast 72d Street.
1429 F irst Avenue.

ASSETS.
Loans on bond and m ortga ge......................................
Loans on shares................................................................
Cash on hand and in b a n k ............................................
Furniture and fix tu res...................................................
Interest, premium, fees and fines due and unpaid

$ 1 2 , 1 0 0 00

1,892
599
26
236

00
99
84
90

$14,855 73
L IA BILITIES.
Due shareholders, instalm ent shares.....................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) .................
E x a m in a t io n .................................................................................................
R e n t .................................................................................................................

$13,910
306
618
16
5

00
73
00
00
00

$14,855 73
RECEIPTS.
Cash on hand January 1,1913.................................................................
Dues on instalment shares credited to m em bers.............................
Loans on shares re p a id ..............................................................................
Fees received ...............................................................................................
Fines received .............................................................................................
Interest received .........................................................................................
R e f u n d ............................................................................................................




$375
1,991
1,916
10
10
885
3

88
00
00
00
40
05
00

$5,191 33

228

R eport on S avin g s a n d L oan A ssociations .

DISBURSEM ENTS.
Loans on shares............................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
D ividends paid on w ithdraw al, or applied on loa n s.....................
P a id borrow ed money and prior m ortga ges......................................
P a id interest on borrow ed m oney and prior m ortga ges...............
P aid salaries and clerk -h ire...................................................................
P a id advertising, printing and p osta g e.............................................
P a id r e n t ........................................................................................................
P aid banking department, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
Cash on hand December 31, 1913..........................................................

$1,827
1,575
613
400
25
110
7
15
16
1
599

00
25
05
00
00
25
85
50
25
19
99

$5,191 33
Plan, permanent. P a r value o f shares, $200. Instalm ents are 25 cents per
week.
Shares in force January 1, 1913, 165; shares issued during the year, 4 0 ;
shares w ithdraw n during the year, 19; shares in force, 186. B orrow ing mem­
bers, 16, holding 52 shares; non-borrow ing members, 43, holding 134 shares.
Fem ale shareholders, 25, holding 81 shares. T otal dividends credited mem­
bers during the year on instalm ent shares, $613.05; rate, 4% per cent.
N o unpaid w ithdraw als. Entrance or mem bership fee, 25 cents per share.
O perating expenses, as defined in section 227 of the Banking Law, incurred
and pa id during the year, $133.60. O perating expenses, as defined in sec­
tion 227 o f the B anking Law , incurred during the year and rem aining un­
paid, $21.
N o prem ium plan. Interest paid by borrow ing members, 6 per cent. N o
prem ium charged.
Loans have been made in B ron x and Queens counties, New Y ork State.
Largest m ortgage loan outstanding, $5,500. M ortgages in force in Newr Y ork
State, $12,100. N o foreclosures during the year.

FRANKLIN SOCIETY FOR HOME BUILDING AND SAVINGS.
N o. 38 P ark Row , New Y ork, N . Y .
[Organized under Law of 1851.

Commenced business 1888.1

Officers.
Names.
President . ...................
JOHN C. M cG UIRE................
Vice-President and
M a n a g e r .......................C. O’C. H E N N E SSY ....................
Secretary-T reasurer.. . . GILBERT LLOYD ...................
A ttorney .....................

STARK B. FERRIS S ..............

Post-office addresses.
H otel St. George,Brooklyn.
Haworth, N. J.
1812 Church Avenue, Brook­
lyn. N. Y.
165 Broadway.

ASSETS.
Loans on bond and m ortg a g e................................................................. $ 1 ,63 1 ,2 0 1
Loans on shares...........................................................................................
7 ,8 0 6
Contracts fo r the sale o f real esta te ...................................................
89, 372
R eal e s t a t e ....................................................................................................
142, 018
Cash on hand and in b a n k .....................................................................
41 ,11 5
F u rn itu re and fixtu res..............................................................................
1,571
Advances for taxes, insurance, etc.......................................................
131
A ccrued interest .........................................................................................
4, 200
A ccounts receivable ..................................................................................
550




03
39
26
60
59
03
12
00
00

N ew

Y ork

229

C ounty.

LIA B IL IT IE S.
Due shareholders, savings shares.......................................................... $ 1 ,7 5 3 ,4 1 8
Due shareholders, income shares..........................................................
60, 900
Balance to be paid borrow ers on m ortgage loa n s.........................
6,767
B orrow ed money .........................................................................................
25, 000
Earnings undivided ..................................................................................
38, 666
Contingent fund (as per section 225 o f Banking L a w ) ................
32 ,45 0
Accounts payable .......................................................................................
763

80
00
00
00
35
00
87

$ 1 ,9 1 7 ,9 6 6 02
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on savings shares...........................................................................
Dues on income shares...................................
M oney borrowed .........................................................................................
M artgages redeemed, foreclosed or transferred to real estate. .
Loans on shares p rep a id .........................................................................
R eal estate so ld ...........................................................................................
Interest r e c e iv e d .........................................................................................
Advances repaid .........................................................................................
Land contracts ...........................................................................................
A ttorn ey and appraiser’s fees..............................................................
Real estate p rofits.......................................................................................
M iscellaneous ...................................................................................................
I n d iv id u a ls ....................................................................................................

$43,522
695,712
500
45, 000
239, 169
10, 696
27,639
98, 657
685
21, 982
7 ,481
1,329
3
15, 764

54
57
00
00
90
03
10
81
42
17
07
68
38
45

$ 1 ,2 0 8 ,1 4 4 12
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
P a id savings shares ..................................................................................
P aid income shares ..................................................................................
Dividends paid on w ithdraw al, or applied on loa n s.........................
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P a id borrow ed m oney and p rior m ortga ges......................................
P aid interest on borrow ed m oney and prior m ortga ges.............
P aid for real esta te....................................................................................
P aid salaries and clerk-h ire...................................................................
P aid advertising, printing and p osta ge........... ...................................
P aid rent ............................................................ - ....................................
P a id repairs to real esta te........................ ..........................................
P aid taxes, insurance, etc.........................................................................
P aid banking department, exam ination. ........................................
P aid banking department, assessm ent...............................................
Advances fo r taxes, insurance, etc.........................................................
A ttorn ey and appraiser’s fe e s ................................................................
A u diting ........................................................................................................
Telephone ......................................................................................................
Sundry e x p e n s e s .........................................................................................
Reserve account .........................................................................................
Land c o n tr a c t s .............................................................................................
In dividual accounts ..................................................................................
C o m m is s io n s .................................................................................................
Cash on hand December 31, 1913..........................................................




$393,381
11,236
538, 970
5, 700
68, 738

33
84
03
00
05

2, 913
49,000
328
19,496
8,0 66
5 ,1 1 0
3,5 00
1,450
1, 571
221
142
206
8,761
300
370
1, 744
617
24, 536
19,788
874
41,115

75
00
47
82
50
32
00
69
65
60
28
97
39
00
76
16
44
67
55
26
59

$ i, 208, 144 12

230

R eport

on

S avings

L oan A ssociations.

and

Plan, permanent. P a r value of shares, $100.
Shares in force January 1, 1913, 116,211; shares issued during the year,
40,105; shares w ithdraw n during the year, 26,975; shares in force, 129,341.
B orrow in g members, 667, holding 12,878 shares; non-borrow ing members,
5,380, holding 116,463 shares. N o record o f fem ale shareholders. T otal d iv i­
dends credited or paid in cash to members during the year, $71,651.80; rate,
4 y 2 per cent.
N o unpaid w ithdrawals. O perating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $19,091.74. Operating
expenses, as defined in section 227 of the Banking Law, incurred during the
year and rem aining unpaid, $180.
N o prem ium plan. Interest paid by borrow ing members, 6 per cent. N o
prem ium charged.
Loans have been made in K ings, Nassau, N ew Y ork, Queens, Richm ond,
Rockland, Suffolk and W estchester counties, New Y ork State, and in New
Jersey. Largest m ortgage loan outstanding, $16,000. M ortgages in force in
New Y ork State, $417,153.82. E igh t foreclosures during the year.

GERMAN-AMERICAN BUILDING AND LOAN ASSOCIATION
CITY OF N E W YORK.

OF THE

No. 1 Third avenue, New Y ork, N. Y.
[Organized under Law o f 1851.
Officers.

Commenced business 1888.]

Names.

Post-office addresses.

P r e s id e n t .............................
I R V I N G W . D I M E L O W .............
S e cretary ...........................
H E N R Y G. E C K H O E F .............
T re a su re r ......................
E . A . W I E S E R ..............•
...............

5 2 W a ll Street.
4 1 2 E . IS th S treet, B ’ klyn.
1 0 8 P a rk R ow .

Attorney ...................

52 W all Street.

IRVING W.DIMELOW........
A S S E T S

Loans on bond and m ortg a g e ...........................
Loans on shares...................................................
Contracts for the sale of real esta te...........
Real e s t a t e ............................................................
Cash on hand and in b a n k .............................
Furniture and fixtu res......................................
Advances for taxes, insurance, etc.................
D e p o s it s ..................................................................

$116,596
3,873
5 ,5 33
33,309
5 ,446
300
87
17

45
00
47
54
58
00
75
50

$165, 164 29
L IA B IL IT IE S .

Due shareholders, instalm ent s h a r e s ...................................................
Due shareholders, incom e sh a res............................................................
D ividends credited .............................................................................. ..
Earnings undivided ...................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ...............
M ortgages payable .....................................................................................

$115,840
17,000
23 ,45 0
5, 232
2, 840
800

60
00
62
22
85
00

$165, 164 29
R E C E IP T S .

Cash on hand January 1, 1913..............................................................
Dues on instalment shares credited to m em bers.............................
Dues on income shares..............................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ..............................................................................
Fees r e c e iv e d ...................... .........................................................................
Fines received ..............................................................................................




$6,385
25,861
2, 500
27, 167
8 ,2 30
21
109

05
95
00
32
00
50
75

N ew

Y ork

C ounty.

Interest received .........................................................................................
Prem ium r e c e iv e d .......................................................................................
Rent r e c e iv e d ...............................................................................................
Advances repaid .........................................................................................
D e p o s it s ...................................................i......................................................
Reverted d iv id e n d s ..............................
Real estate con tra cts....................................................................

231
$7 ,29 0
2 ,4 1 8
2, 070
254
916
676
260

07
30
76
16
27
00
22

$84,161 35
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid income shares .......................................... •
......................................
Dividends paid on withdraw al, or applied on lo a n s ......................
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P a id interest on borrowed money and prior m ortga ges.............
P aid salaries and clerk-h ire...................................................................
P aid advertising, printing and posta ge............................................
P aid rent ......................................................................................................
Paid repairs to real esta te.....................................................................
P aid taxes, insurance, e t c .......................................
P aid banking department, exam ination ............................................
Paid banking department, assessm ent........... ...................................
Advances for taxes, insurance, etc.......................... ‘ ...........................
Prem ium s ......................................................................................................
D e p o s it s ..........................................................................................................
M iscellaneous expenses ...........................................................................
Office expenses .............................................................................................
C o m m is s io n s .................................................................................................
A nniversary .................................................................................................
J a n i t o r ............................................................................................................
Real estate con tra cts................................................................................
Cash on hand December 31, 1913..........................................................

$24,213
5 ,093
33,365
550
9 ,265

77
00
15
00
30

783
77
1,584
256
210
605
830
52
13
219

33
47
50
00
00
03
04
00
85
56
80
48
26
83
00
50
00
90
58

1, 013
101
41
58
246
30
103
5,446

$84, 161 35
Plan, serial and permanent. Par value of shares, $100 and $200. In stal­
ments are 10 cents w eekly; $1 m onthly.
Shares in force January 1, 1913, 3,144; shares issued during the year,
1.111; shares w ithdrawn during the year, 1,024; shares in force, 3,231.
B orrow ing members, 58, holding 847 shares; non-borrow ing members, 261,
holding 2,384 shares. Female shareholders, 70, holding 270 shares. Total
dividends credited members during the year on instalment shares, $6,996.77;
rate, 5 per cent. T otal dividends credited or paid in cash to members during
the year on other shares, $783.33; rate, 5 per cent. T ota l dividends forfeited
by w ithdraw ing members during the year, $676.
N o unpaid withdraw als. O perating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $2,593.34. Unpaid,
none.
, .
Premium plan, premium-interest. Interest paid by borrow ing members,
5 Ya per cent, and 6 per cent. Prem ium paid by borrow ing members, 10 cents
per share per week.
Loans have been made in Bronx, K ings. New Y ork, Richm ond, and W est­
chester counties, New Y ork State, and in N ew Jersey. Largest m ortgage loan
outstanding, $6,500. M ortgages in force in New Y ork State, $101,196.45.
N o foreclosures during the year.




232

R eport on S avin g s an d L oan A ssociations .
GREENWICH BUILDING AND LOAN ASSOCIATION.
No. 25 East Fourteenth street, N ew Y ork, N. Y.
[Organized under Law of 1851.

Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1889.]

Names.
JOHN F. CLEARY..................................
T. CONROY .............................................
M. F. CLEARY........................................
JAMES A. S P E E R ..................................

Post-office addresses
630
Hudson Street.
227
Henry Street.
630
Hudson Street.
44
W all Street.

A S S E T S .

Loans on bond and m ortga ge...............................................................
Loans on shares...........................................................................................
Cash on hand and in b a n k .......................................................................
Furn itu re and fixtu res..............................................................................
Interest, premium, fees and fines due and u n p a id ..........................

L IA B IL IT IE S.
D ue shareholders, instalm ent shares...................................................
D ividends credited .....................................................................................
Contingent fun d (as per section 225 of Banking L a w ) ................
Suspense account .......................................................................................

$6 ,00 0
250
.1,769
75
86

-

00
84
36
00
45

$8,181 65
: ■ — >
—
$5, 829 00
1, 523 78
324 39
504 48

$8,181
RECEIPTS.
■
---------Cash on hand January 1, 1913..............................................................
$726
Dues on instalm ent shares credited to m em bers.............................
813
M ortgages redeemed, foreclosed or transferred to real esta te. .
3 ,2 50
Prem ium r e c e iv e d .......................................................................................
509
R everted d iv id e n d s .....................................................................................
60

65
86
98
00
26
35

$5 ,36 0 45
DISBURSEM ENTS.
Loaned on shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s . .
D ividends paid on w ithdraw al, or applied on lo a n s ......................
P aid advertising, printing and p osta g e...............................................
P a id rent ......................................................................................................
P a id banking department, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Officer’ s bonds ..............................................................................................
Cash on hand December 31, 1913..........................................................

$123
2, 412
891
9
120
13

00
77
99
50
00
00
83
20 00
1,769 36

$ 5 ,36 0 45
Plan, serial. P ar value o f shares, $200 and $250. Instalm ents are 20
cents and 25 cents weekly.
Shares in force Janu ary 1, 1913, 163; shares issued during the year, 7 ;
shares w ithdraw n during the year 2 8 ; shares in force, 142. B orrow in g mem­
bers, 1, holding 24 shares; non-borrow ing members, 30, holdin g 118 shares.
Fem ale shareholders, 18? holding 71 shares. T ota l dividends credited mem­
bers during the year on instalm ent shares, $366.76; rate, 5*4 per cent. T ota l
dividends forfeited by w ithdraw ing members during the year, $46.16.
N o unpaid withdraw als. Operating expenses, as defined in section 227 o f
the Banking Law, incurred and paid during the year, $149.50.
Unpaid,
none.
Prem ium plan, instalm ent. Interest paid b y borrow ing members, 6 per
cent. Prem ium paid b y borrow in g members, 2 per cent.
Loans have been made in N ew Jersey. Largest m ortgage loan outstanding,
$6,000. M ortgages in force in N ew Y ork State, none. N o foreclosures dur­
ing th e year.




N

ew

Y

ork

C

ounty

233

.

HARLEM RIVER BUILDING, LOAN AND SAVINGS ASSOCIATION.
No. 407 East Forty-seventh street, New Y ork, N. Y.
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1891.]

Names.
FRED DIETZ .....................................
AUGUSTUS W.BUGGELN...............
C. F. SCHA'NE.....................................
AMOS H. ST E PH E N S.....................

Post-office addresses.
407 E ast 47th Street.
3112 Webster Avenue.
2060 Third Avenue.
1 Madison avenue.

ASSETS.
Real e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................

$2 ,27 9 92
476 78
$ 2 ,75 6 70

LIA B IL IT IE S.
Due shareholders, instalm ent shares...................................................
Dividends credited ..................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ........... •

$1, 855
400
325
176

00
00
70
00

$ 2,756 70
RECEIPTS.
Cash on hand January 1, 1913............................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Interest received .......................................................................................
R ent received .............................................................................................

$608 55
1,000 00
871
156 21
$1,773 47

DISBURSEMENTS.
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P aid fo r real estate..................................................................................
P aid advertising, printing and p osta ge............. ..............................
P a id repairs to real esta te.....................................................................
P aid taxes, insurance, e t c .......................................................................
P a id banking departm ent, exam in ation .............................................
P a id banking department, a s se s s m e n t...............................................
Cash o n hand December 31, 1913..........................................................

$320 08
679 92
5 00
970
275 23
6 50
26
476 78
$ 1 ,77 3 47

Plan, permanent. P ar value o f shares, $100. Instalm ents are 55 cents
m onthly.
Shares in force January 1, 1913, 100; shares issued during the year, none;
shares w ithdraw n during the year, 10; shares in force, 90. B orrow in g mem­
bers, none. N on-borrow ing members, 7, holding 90 shares. Fem ale share­
holders, none.
N o unpaid w ithdraw als. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law , incurred
and paid during the year, $5. Unpaid, none.
Prem ium plan, prem ium -interest. Interest paid by borrow in g members, 6
per cent. Prem ium paid b y borrow ing members, 6 per cent.
N o m ortgage loans outstanding. One foreclosure during the year.




234

R eport on S avin g s and L oan A ssociations .
M ANH ATTAN SAVINGS AND LOAN ASSOCIATION.
N o. 185 East 117th street, New Y ork, N. Y .
[Organized under Law of 1910.

Officers.
P r e s id e n t .....................
S e c r e ta r y .....................
T r e a su r e r ....................
A tto r n e y ......................

Commenced business 1913.]

Names.
AUGUST FRO EH LICH................316
FRANK W AGNER........................ 347
FRANK RADOWAN.........................247
WALTER L. DURACK.................. 215

Post-office addresses.
E ast 126th Street.
Beekman Avenue.
E ast 122nd Street.
Montague St., Brooklyn.

ASSETS.
Cash on hand and in b a n k .............................
F u rn itu re and fixtu res......................................
Stationery ............................................................

$749 06
68 76
13 68
$831 50

LIABILITIES.
$763 50
68 00

Due shareholders, instalm ent shares.
Borrow ed money ......................................

$831 50
RECEIPTS.
$882
68
29
59

Dues on instalm ent shares credited ,to members
M oney borrow ed ............................................................
Fees received ...................................................................
Proceeds o f entertainm ent..........................................

00
00
50
60

$1,039 10
DISBURSEM ENTS.
$118
1
45
56
68
749

P aid salaries and clerk-h ire..............
P aid advertising, printing and p osta g e.
P aid rent ..........................................................
Furniture and fixtu res.................................
Cash on hand December 31, 1913...........

50
00
78
00
76
06

$1, 039 10
Plan, serial. P a r value o f shares, $100. Instalm ents are 50 cents weekly.
Shares issued during the year, 342; shares w ithdraw n during the year, 34;
shares in force, 308. B orrow ing members, none. N on-borrow ing members, 51,
holding 308 shares. Fem ale shareholders, 3, holding 10 shares.
N o unpaid w ithdraw als. Entrance or membership fee, 50 cents per mem­
ber. O perating expenses, as defined in section 227 of the Banking Law , in ­
curred and paid during the year, $171.54. Unpaid, none.
N o premium plan.
N o m ortgage loans outstanding.

MOUNT MORRIS CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 147 East 125th street, New Y ork, N. Y.
[Organized under Law o f 1851.
Officers.
P r e sid e n t.....................
Secretary ....................
Treasurer ..................
A ttorney .....................




Commenced business 1888.]

Names.
JAMES G. PATTO N ..................
C. WOODS BO W ERS.................
CHARLES T. DEE R IN G -----HERBERT R E E V E S ,................

Post-office addresses.
824 Jackson Avenue.
1464 St. Nicholas Avenue.
147 E ast 125th Street
55 Liberty Street.

N ew

Y ork

C ounty.

ASSETS.
Loans on bond and m ortga ge................................................................
Loans on shares .........................................................................................
Contracts fo r the sale o f real esta te...................................................
Real e s t a t e ....................................................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtu res..............................................................................
Interest, premium, fees and fines due and u n p a id .........................
Advances for taxes, insurance, e t c .......................................................
Interest on stock loa n s..............................................................................

235
$24,816
513
18,692
41,801
4, 436
368
1,277
36
72

75
48
27
50
85
95
62
89
98

$ 9 2 ,0 1 7 .2 9
LIA B IL IT IE S.
Due shareholders, instalm ent shares...................................................
Due shareholders, income shares..........................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ..............
Suspense account .......................................................................................
Commissions ...............................................................................................

$71,749
9, 859
7 ,8 03
1, 831
625
148

73
25
13
43
00
75

$92,017 29
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited t o m em bers.............................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Interest r e c e iv e d .........................................................................................
Prem ium received ......................................................................................
Rent, etc., received.................
Advances repaid .........................................................................................
Real estate con tra cts................................................................................
Interest on bank b a la n ce.........................................................................
Incidentals ....................................................................................................

$ 1,659
857
500
1,074
269
721
73
2 ,6 7 6
63
45

17
31
00
06
01
00
78
94
72
00

$ 7,939 99
DISBURSEM ENTS.
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
P aid salaries and clerk-hire...................................................................
P aid advertising, printing and posta ge............................................
P aid rent .........................................
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, e t c .......................................................................
P aid banking department, exam ination ............................................
P aid banking department, assessm ent...............................................
Incidentals ....................................................................................................
Com missions ...............................................................................................
A s s e s sm e n t....................................................................................................
Bank collection ...........................................................................................
Cash on hand December 31, 1913........................................................

$1, 170'
700
79
324
20
983
32
7
99
35
50

55
06
48
00
00
72
50
32
55
50
26
20
4 ,4 36 85

$7,939 99

Plan, permanent. Par value of shares, $100 and $250. Instalm ents are 12%
cents weekly.
Shares in force January 1, 1913, 3,142; shares issued during the year, none;
shares w ithdrawn during the year, 3; shares in force, 3,139.
Borrow ing
members, 12, holding 99 shares; non-borrow ing members, 330, holding 3,040
shares. Female shareholders, 121, holding 1,024 shares. Am ount of filed and




236

R epoet on S avin g s an d L oan A ssociations .

unpaid w ithdraw als December 31, 1913, $52,016.84. O perating expenses, as
defined in section 227 o f the Banking Law , incurred and paid during the year,
$1,203.29. Unpaid, none.
Prem ium , plan, instalm ent. Interest paid by borrow ing members, 5 per
cent., 5 y2 per cent, and 6 per cent. Prem ium paid by borrow ing members, 40
cents per share.
Loans have been made in K ings, New Y ork, Queens and W estchester
counties, N ew Y ork State, and in New Jersey. Largest m ortgage loan ou t­
standing, $5,800. M ortgages in force in New Y ork State, $19,316.75. N o
foreclosures during the year.

N E W YORK AND SUBURBAN CO-OPERATIVE BUILDING AND LOAN
ASSOCIATION.
N o. 147 E ast 125th street, N ew Y ork, N. Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1888.]

Names.
Post-office addresses.
1031
T rinity Avenue.
ELIJAH D. CLARK...............................
ABRAM D. W IM PR E SS................... 147 E ast 125th Street.
WILLIAM S. BECK LEY...................
131'
E ast 23d Street.
ROBERT H. BERGMAN.......................
3219
Third Avenue.

ASSETS.
Loans on bond and m ortga ge........................................
Loans on shares...................................................................
Cash on hand and in b a n k .............................................
Interest, premium, fees and fines due and unpaid
Advances fo r taxes, insurance, e t c ......... ......................

$545,150 00

20,201 00
2,495 04
3, 222 73
571 37
$571,640 14

LIABILITIES.
Due shareholders, instalm ent shares.................................................
Due shareholders, income shares..........................................................
D ividends credited .....................................................................................
Balance to be paid borrow ers on m ortgage lo a n s...........................
B orrow ed m o n e y .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) .............
D eposits to secure loa n s............................................................................

$389, 709
41,450
81, 396
2 ,500
32, 000
5,308
19,000
275

00
00
80
00
00
99
00
35

$571,640 14
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on incom e shares..............................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ..............................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
In terest r e c e iv e d .........................................................................................
Advances repaid .........................................................................................
Redem ption f e e ...........................................................................................
Reserve ...........................................................................................................




$1,723
110, 613
2 ,2 0 0
183, 500
38,350
15, 270
194
121
31,692
1, 382
30
886

21
00
00
00
00
00
00
39
25
95
00
68

$ 3 8 5 ,9 6 3 48

N e w Y ork C o u n t y .

237

DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loa n s____
P aid m atured shares..................................................................................
P a id income shares....................................................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
Cash dividends paid on income and accum ulative prepaid
shares ........................................................................................................
P aid borrow ed m oney and prior m ortgages......................................
P a id interest on borrow ed m oney and p rior m ortga ges.............
P a id salaries and clerk-h ire.....................................................................
P a id advertising, printing and p osta ge............................................
P a id rent ......................................................................................................
P a id banking department, exam ination .............................................
P aid banking department, assessm ent...............................................
Advances f o r taxes, insurance, e tc ........................................................
Deposits on loans retu rn ed.....................................................................
E x p e n s e s ........................................................................................................
I n t e r e s t ..........................................................................................................
Cash on hand December 31, 1913.......................................................

$108, 050
15,835
34, 424
47 ,00 5
6, 700
4 ,2 9 2

00
00
00
00
00
92

1, 855
158,250
869
2, 696
820
390
48
40
974
32
335
248
2 ,4 95

51
00
68
00
21
00
85
96
36
5C
00
45
04

$385,963 4s
Plan, serial. P ar value o f shares, $200 and $250. Instalm ents are $1
m onthly.
Shares in force January 1, 1913, 9,0 51 % ; shares issued during the year,
2,686; shares w ithdraw n during the year, 1,672; shares in force, 10,065%.
B orrow ing members, 219, holding 2,792 shares; non-borrow ing members, 1,030,
holding 7,273% shares. Fem ale shareholders, 630, holding 3,990 shares. Total
dividends credited members during the year on instalm ent shares, $21,961.56;
rate, 5% ! per cent. T ota l dividends credited or paid in cash to members dur­
ing the year on other shares, $2,189.06; rate, 4 per cent. T ota l dividends
forfeited by w ithdraw ing members during the year, $886.68.
N o unpaid w ithdraw als.
A m ount o f shares matured during the year,
$41,755. Entrance or membership fee, $1 per member. O perating expenses,
as defined in section 227 of the B anking Law , incurred and paid during the
year, $3,906.21. Unpaid, none.
N o prem ium plan. Interest paid b y borrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in K ings, Nassau, New Y ork, Queens, Richm ond and
W estchester counties, New Y ork State, and in New Jersey. Largest m ort­
gage loan outstanding, $10,000. M ortgages in force in New Y ork State,
$534,450. N o foreclosures during the year.

N E W YORK CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
Nos. 35-43 W est 125th street, New Y ork, N. Y .
[Organized under Law o f 1851.
Officers.
P r e sid e n t......................
Secretarv ....................
Treasurer ...................
Attorney .....................

Commenced business 1888.]

Names.
WM. M. EM BLER.................................
ISAAC S. M ARTIN...............................
JOHN R. BR O D IE.................................
WILLIAM LANGDON ........................

Post-office addresses.
17
Beekman Place.
43
W est 125th Street.
45
Yesey Street.
2 Rector Street.

ASSETS.
L oan s on bond and m ortga ge................................................................
Loans on shares...........................................................................................
C on tracts fo r the sale o f real esta te...................................................

$248, 754 00
9 ,666 00
5, 900 00

Real estate.........................................................................

26,273 77




238

R eport on S avin gs a n d L oan A ssociations .

Cash on hand and in b a n k .....................................................................
Interest, premium, fees and fines due and u n p a id .........................
Advances fo r taxes, insurance, e t c ........................................................

$ 16,844 21
867 17
56 80
$308,361 95

LIABILITIES.
Due shareholders, instalm ent shares...................................................
Due shareholders, income shares............................................................
D ividends credited .....................................................................................
Balance to be paid borrow ers on m ortgage lo a n s ...........................
Earnings undivided ...................................................................................
Contingent fund (as per section 225 o f Banking L a w ) .............
Real estate co n tra cts...................................................................................
Suspense account .......................................................................................
D eposits on shares a p p r o p r ia t e d .,...................................................

$220,028
8 ,6 0 0
48, 904
10,600
1, 005
18,000
772
198
254

49
00
10
00
23
00
00
08
05

$308,361 95
R EC EIPTS.
Cash on hand January 1, 1913...............................................................
Dues on instalm ent shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares rep a id ............................................................................
Real estate s o ld ...........................................................................................
Fees received ................................................................................................
Fines received ..............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
Rent r e c e iv e d ................................................................................................
D eposits on shares a pp ropria ted ..........................................................
P rofit and lo s s ..............................................................................................
R eal estate con tra cts...................................................................................

$31,486 57
55 ,36 6 55
33, 496 00
3 ,0 92 00
5, 800 00
5 00
472 64
12,140 98
4, 705 70
235 00
1 ,0 35 90
1 ,060 00
136 00
$149,032 34

DISBURSEM ENTS.
Loaned on m ortga ge...................................................................................
Loaned on shares.........................................................................................
Instalm ent dues paid on w ithdraw al, or applied on lo a n s .........
P aid m atured shares...................................................................................
P aid incom e shares.....................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P aid fo r real esta te.....................................................................................
P aid salaries and clerk-h ire...............................
P aid advertising, printing and p osta ge.............................................
P aid rent ................
P a id repairs to real esta te.....................................................................
P a id taxes, insurance, e t c .......................................................................
P aid banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds .............................................................................................
D eposits r e t u r n e d .......................................................................................
Com m issions ................................................................................................
L egal service ..............................
Office repairs and insurance.....................................................................
H eat and lig h t.............................................................................................
Real estate co n tra cts..................................................................................
Cash on hand December 31, 1913........................................................




$65, 650
7 ,0 8 0
18,618
14,800
3,7 50
1,547
534
9, 165
3,851
503
430
233
652
69
22
60
920
155
330
35
77
3 ,7 0 0
16,844

00
00
73
00
00
22
16
82
67
75
00
43
01
00
19
00^
00*
50
87
81
97
00
21

$ 1 4 9 ,0 3 2 34

Y e w Y ork C o u n t y .

239

Plan, serial. Par value o f shares, $200 and $250. Instalm ents are 20 cents
and 25 cents weekly.
Shares in force January 1, 1913, 5,042; shares issued during the year, 929;
shares withdraw n during the year, 581; shares in force, 5,390. B orrow ing
members, 94, holding 1,142 shares; non-borrow ing members, 590, holding 4,248
shares. Fem ale shareholders, 248, holding 1,627 shares. Total dividends cred­
ited members during the year on instalm ent shares, $12,498.21; rate, 6 per
cent. Total dividends credited or paid in cash to members during the year
on other shares, $534.16; rate, 5 per cent. Total dividends forfeited by w ith ­
draw ing members during the year, $729.61.
N o unpaid w ithdraw als.
A m oun t o f shares m atured during the year,
$14,800. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $4,959.20. Unpaid, none.
Prem ium plan, instalm ent. Interest paid by borrow ing members, 5 per
cent. Prem ium paid by borrow ing members, 4.0 cents per share.
Loans have been made in Bronx, K ings, Nassau, New Y ork, Queens, R ich ­
mond and W estchester counties, New Y ork State, and in Connecticut and
New Jersey. Largest mortgage loan outstanding, $9,000. M ortgages in force
in New Y ork State, $236,575. T w o foreclosures during the year.

THE N E W

YORK EDISON SAVINGS AND LOAN ASSOCIATION.
Irvin g Place and 15th street, New Y ork, N. Y .

[Organized under Law of 1910.

Commenced business 1912.]

Officers.
Names.
Post-office addresses.
P resid en t......................... ATHUR W ILLIAM S.............................................
55
Duane Street.
S e c r e ta r y ,.......................J. C. ROBINSON....................................................
55
Duane Street.
Treasurer......................... W. E. FREEM AN...............................................
55
Duane Street.
A ttorneys .......................BEARDSLEY, HEMMENS & TAYLOR.
50 Wall Street.
A S S ET S .

Loans on bond and m ortga ge................................................................
Loans on shares...........................................................................................
Cash on hand and in b a n k .....................................................................
Instalm ents due and u n p a id ...................................................................
Interest, premium, fees and fines due and u n p a id ........................
Accrued interest .......................................
Notes receivable .........................................................................................
Item s due and u n p a id ................................................................................

$71,310
5,393
3,5 62
457
41
23
59
31

00
75
61
75
30
79
50
46

$80,8 8 0 16
L IA BILITIES.
Due shareholders, instalm ent shares..............................
Due shareholders, savings shares.......................................................
Due shareholders, accum ulative prepaid shares...............................
Due shareholders, income shares..........................................................
Due shareholders, juvenile savings shares........................................
Dividends credited ....................................................................................
Borrow ed m o n e y .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of B anking L a w ) .............
Deposits to cover loan expenses............................................................
Dues u n p a id .................................................................................................




$67,355
2 ,1 1 6
1, 650
1,200
388
2, 399
5 ,000
112
151
50
457

25
00
00
00
20
55
00
25
16
00
75

$ 8 0 ,8 8 0 16

240

R eport on S avings an d L oan A ssociations .
R E C E IP T S .

Cash on hand January 1, 1913...............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on savings shares........................
Dues on accum ulative prepaid shares...............................................
Dues on juvenile savings shares..........................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
Loans on shares rep a id ..............................................................................
Fines r e c e iv e d .............................................................................................
In terest r e c e iv e d .........................................................................................
Expenses paid by New Y ork Edison C om pany........... ...................
D eposits to secure lo a n s .........................................................................
Paym ents on account o f exam inations, e t c .....................................
O verpaym ent on m ortgage lo a n ...............................................................
Collected fo r m ortgagee............................................................................
Reverted dividends . . .•
..............................................................................

$3,013
64,438
4 ,1 6 4
375
480
10,500
2, 700
4 ,0 9 2
27
2, 479
2 ,4 9 0
454
155
100
87
8

36
00
50
00
20
00
00
50
67
82
91
00
40
00
55
07

$95, 566 98
DISBURSEM ENTS.
Loaned on m ortga ge...................................................................................
Loaned on shares .......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
P a id savings shares..................................................................................
P aid juvenile savings shares...................................................................
D ividends paid on w ithdraw al, o r applied on lo a n s ....................
P aid borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and prior m ortga ges.............
P a id salaries and clerk-h ire...................................................................
P a id advertising, prin tin g and posta ge.............................................
P a id banking department, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
O verpaym ent on lo a n ................................................................................
R ecording m ortgages, searching, e t c ...................................................
In vestigating expenses, e t c .....................................................................
Interest returned .......................................................................................
E x p e n s e s .........................................................................................................
Cash on hand December 31, 1913..........................................................

$60,300
9, 286
11,026
2 ,6 1 4
115
32
5 ,5 0 0
40
1 ,418
692
16
1
100
429
97
88
245
3 ,5 6 2

00
25
00
25
75
43
00
77
21
86
25
41
00
00
84
18
17
61

$95,5 6 6 98
Plan, serial. P ar value o f shares, $100 and $200. Instalm ents are 25 cents
w eek ly; $1 m onthly.
Shares in force January 1, 1913, 3,248; shares issued during the year, 4,725;
shares w ithdraw n during the year, 1,734; shares in force, 6,239. B orrow in g
members, 157, holding 1,326 shares; non-borrow ing members, 908, holding
4,913 shares. Female shareholders, 78, holding 439 shares. T ota l dividends
credited members during the year on instalm ent shares, $2,069.01; rate, 5 %
per cent. T otal dividends credited or pa id in cash to members during the
year on oth er shares, $196,53; rate, 4 per cent, to 5% per cent. T otal d iv i­
dends forfeited by w ithdraw ing members during the year, $8.07. A m oun t of
filed and unpaid w ithdraw als December 31, 1913, $87.
O perating expenses, as defined in section 227 of the Banking Law , incurred
and p a id during the year, $2,356.24. U npaid, none.
N o prem ium plan. In terest paid b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in K in gs, Nassau, N ew Y ork, Queens, R ich m on d and
W estchester counties, New Y ork State, and in New Jersey. Largest m ortgage
loan outstanding, $6,600. M ortgages in force in New Y ork State, $64,710.
N o foreclosures during the year.




241

N e w Y ork C o u n t y .
POLONIA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 107 East Seventh street, N ew Y ork, N . Y .
[Organized under Law of 1894.
Officers.
P r e sid e n t.....................
Secretary ....................
Treasurer ...................
Attorney .....................

Commenced business 1903.]

Names.
LEON P. W AZETER.......................
IGNATIUS W. R A ITH ..................
ANTONI CHOTKOWSKI............
FRANCIS X. WAZETER............

131
130
104
131

Post-office addresses.
E ast Seventh Street.
E ast Third Street.
E. Seventh Street.
E ast Seventh Street.

ASSETS.
Loans on bond and m ortg a g e ................................................................
Loans on shares...........................................................................................
Cash on hand and in b a n k .....................................................................
F urniture and fixtu res..............................................................................
Interest, premium, fees and fines due and u n p a id ........................

$27, 600
730
3,8 72
75
371

00
00
10
00
25

$32,648 35
LIA B IL IT IE S.
Due shareholders, instalm ent shares.....................................................
Due shareholders, accum ulative prepaid shares.............................
D ividends c r e d it e d ....................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ................
Interest d u e .................................................................................................

$2,260
29, 050
224
500
241
371

50
00
15
78
67
25

$32,648 35
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalm ent shares credited to m em bers...........................
Dues on accum ulative prepaid shares.................................................
Loans on shares re p a id ..............................................................................
Interest received...........................................................................................
Contingent fund account b y profit and lo s s ........................................
D ividend account by profit and lo s s .....................................................
Suspense account ......................................................................................

$4, 969
2,2 20
9, 950
125
1,156
39
953
23

74
00
00
00
35
73
40
07

$19,437 29
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid accum ulative prepaid shares.......................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
Cash dividends paid on incom e and accum ulative prepaid
shares ........................................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, printing and p osta ge...............................................
P aid rent ......................................................................................................
P aid banking departm ent, exam ination ..........................................
P aid banking departm ent, assessm ent.................................................
P rofit and loss to contingent fu n d .......................................................
P rofit and loss to dividen ds.....................................................................
P rofit and loss to paid up s to ck ............................................................
Sundries ........................................................................................................
Exchange ......................................................................................................
Cash on hand December 31, 1 5 1 3 ......................................................




$ 4 ,70 0
700
2,5 81
5, 350
48

00
00
00
00
40

817
250
15
68
13
2
39
73
880
25

75
00
50
00
00
26
73
40
00
95
20
3 ,872 10
S I9 ,4 3 7 29

242

R eport on S avin g s an d L oan A ssociations .

Plan, permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1913, 553; shares issued durin g the year, 197;
shares w ithdraw n during the year, 30; shares in force, 720. B orrow in g mem­
bers, 7, holding 55 shares; non-borrow ing members, 98, holding 665 shares.
Fem ale shareholders, 56, holding 336 shares. T otal dividends credited mem­
bers during the year on instalm ent shares, $73.40; rate, 4 per cent. Total
dividends credited or paid in cash to members during the year on other
shares, $880; rate, 4 per cent. N o unpaid w ithdraw als. Operating expenses,
as defined in section 227 o f the B anking Law , incurred and paid during the
year, $359.45. Unpaid, none.
N o premium plan. Interest paid b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in Bronx, Queens and W estchester counties, New
Y o rk State. Largest m ortgage loan outstanding, $6,500. M ortgages in force
in N ew Y ork State, $27,600. N o foreclosures during the year.

PRODUCE EXCHANGE BUILDING AND LOAN ASSOCIATION.
N o. 9 Stone street, New Y ork, N. Y.
[Organized under Law of 1851.
Officers.
P resid en t.......................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1888.]

Names.
ALFRED R O M E R ...................................
HENRY A. PA LM STIN E......................
HENRY A. PA LM STINE......................
MORTIMER W. B Y E R S.......................

Post-office addresses.
26 Beaver Street.
9 Stone Street.
9 Stone Street.
41 Park Row.

A SSET S
Loans on bond and m ortg a g e...........................
Cash on hand a n d 'in b a n k ................................

$ 3,600 00
5 ,2 98 11
$8,898 11

LIABILITIES.
Earnings undivided ...................................................................................
Suspense account .......................................................................................

$8, 857 68
40 43
$ 8,898 11

RECEIPTS.
Cash on hand January 1,1913...............................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
R eal estate s o ld ...........................................................................................
Interest received .........................................................................................
Advances repaid .........................................................................................
E x c h a n g e ........................................................................................................
R eal estate co n tra ct.....................................................................................

$12,066
12.229
3,9 59
1,038
762

35
59
04
09
33
10
1,606 92

$31,662 42
DISBURSEM ENTS.
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
Cash dividends paid cn income and accum ulative prepaid
s h a r e s ..........................................................................................................
P aid salaries and cle rk -h ire ..'...............................................................
P a id advertising, printing and posta ge...............................................
P a id rent .....................................................................................................
P a id banking department, exam ination ..............................................
P a id banking departm ent, assessm ent.................................................




$1, 398 00
285 72
1,3 50 00
22 00
140 01
13 00
275

N e w Y ork C o u n t y .
D istribu tion to shareholders from su rp lu s........................................
Special dividend advanced.......................................................................
E x ch a n g e ........................................................................................................
Legal e x p e n s e s .............................................................................................
Reserve fund ...............................................................................................
E x p e n s e s .........................................................................................................
Cash on hand December 31, 1913............................................................

243
$21, 337 14
67 60
10
10 00
1, 665 99
72 00
5 ,2 98 11
$31,662 42

Plan, permanent. P a r value of shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 872; shares issued during the year, none;
shares w ith draw n ' during the year, none; shares in force, 872. B orrow ing
members, none. N on-borrow ing members, 92, holding 872 shares. Female
shareholders, 35, holding 342 shares.
N o unpaid withdraw als. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $1,584.01. Unpaid, none.
Prem ium plan, instalment. Interest paid by borrow ing members, 6 per
cent. Prem ium paid by borrow ing members, 50 cents m onthly per share.
Loans have been made in New Jersey. Largest m ortgage loan outstanding,
$3,600. M ortgages in force in New Y ork State, none. N o foreclosures during
the year.

RAILROAD BROTHERHOODS’ SAVINGS AND BUILDING ASSOCIATION.
N o. 505 F ifth avenue, N ew Y ork , N. Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t.....................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1891.]

Names.
Post-office addresses.
EPHRAIM I. BAK ER.................................... 605 F ifth Avenue.
MICHAEL J. O’B R IE N ................................ 505 F ifth Avenue.
JOHN J. M cGRANE................................... 605 F ifth Avenue.
WILLIAM LANGDON ................................ 2 Rector Street.

ASSETS.
Loans on bond and m ortg a g e...................................................................
Cash on hand and in b a n k .......................................................................

$107, 700 00
8, 047 11
$115,747 11

L IA B IL IT IE S .

Due shareholders, instalm ent shares...................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ................

$107,070 86
1, 149 37
7, 526 88
$115,747 11

RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalment shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Fines received .............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
Interest on d e p o s it s ..................................................................................




$6,942
38,678
11,400
3
5, 347
2, 683
147

83
99
00
01
88
07
12

$65,202 90

244

R eport g t S avin g s an d L oan A ssociations .
is
DISB U R SEM E N TS.

Loaned on m ortga ge..................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
Paid salaries and clerk-hire.....................................................................
P a id advertising, printing and p osta ge...............................................
P aid rent ......................................................................................................
P aid banking department, exam ination ...............................................
P a id banking departm ent, assessm ent.................................................

$12,600
42, 341
1,421
24
300
19
9

Officers’ bonds .................................................................................

00
67

75
75
00
5u
12

20 00

State League du es.......................................................................................
N otary fees ..................................................................................................
Safe .................................................................................................................
I n t e r e s t ...........................................................................................................
Cash on hand December 31, 1913..........................................................

5
1
300
112
8 ,047

00
50
00
50
11

$65,202 9o
Plan, permanent. P a r value of shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 2,338; shares issued during the year, 422;
shares w ithdraw n during the year, 55 6 ; shares in force, 2,204. B orrow ing
members, 42, holding 470 shares; non-borrow ing members, 284, holding 1,734
shares. Female shareholders, 110, holding 536 shares. T otal dividends
credited members during the year on instalm ent shares, $5,346.18; rate, 6
per cent.
Operating expenses, as defined in section 227 of the B anking Law, incurred
and paid during the year, $1,773. Unpaid, none.
Prem ium plan, instalm ent. Interest paid b y borrow ing members, 5 per cent.
Prem ium paid by borrow ing members, 2 % per cent.
Loans have been made in K in gs, Queens and R ockland counties, N ew Y ork
State, and in New Jersey.
L argest m ortgage loan outstanding, $8,000.
M ortgages in force in New Y ork State, $61,300. N o foreclosures during the
year.

RAILROAD CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
N o. 103 Park avenue, N ew Y ork, N . Y.
[Organized under Law o f 1851.
Officers.
Presidiemt......................
S ecreta ry

Commenced business 1890.]

Names.
JOHN F. PAIRLAMB

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

G EO R G E A . M A R T IN

Treasurer ...................
A ttorney .....................

ALONZO H. JOSEPH
HENRY P. G R IPFIN .

Post-office addresses.
Yonkers, N. Y.
Yonkers, N. Y.
Yonkers, N. Y.
W hite P lains, N. Y.

ASSETS.
Loans on bond and m ortg a g e ......................................
Loans on shares.................................................................
Stocks and bonds...............................................................
C ontracts fo r the sale of real esta te.........................
R eal e s t a t e .....................,...................................................
Cash on hand and in b a n k .............................................
Fu rn itu re and fixtu res...............................................
Interest, premium, fees and fines due and unpaid

$ 1 ,3 6 9 ,4 2 0
2 8,162
28,175
4 ,8 75

72
68
00
62

1,000 00
1,163 61
841 25
2 ,4 33 29
$ 1 ,4 3 6 ,0 7 2 17

Due shareholders,
Due shareholders,
D ue shareholders,




L IA B IL IT IE S.
instalm ent shares..............................
savings shares.......................................................
income shares........................................................

$336,762 00
949,503 79
1,600 00

N e w Y ork C o u n t y .
D ividends credited ....................................................................................
Borrow ed m o n e y .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............
Suspense account .......................................................................................
Loan expense se cu rity ................................................................................
Advances ........................................................................................................

245
$ 73,084
24, 500
1, 241
47, 700
1, 205
443
30

78
00
47
00
50
90
73

$ 1 ,4 3 6 ,0 7 2 17
R E C E IP T S .

Cash on hand January 1, 1913..................................................................
Dues on instalm ent shares credited to m em bers...............................
Dues on savings shares..............................................................................
Dues on income shares..............................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares rep aid ..............................................................................
Fines received .............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
Advances repaid .........................................................................................
Reverted dividends ....................................................................................
R eal estate con tra cts..................................................................................
Loan expense s e c u r ity ..............................................................................
Suspense account .......................................................................................
C o m m is s io n s .................................................................................................
M iscellaneous ...............................................................................................

$1, 756
98, 944
315,489
1, 600
129,400
156,065
31,114
184
76,961
423
1, 077
266
3,812
8, 064
3, 828
464
1, 933

93
00
92
00
00
34
19
83
88
20
05
69
84
95
69
07
68

$831,388 26
DISBURSEMENTS.
Loaned on m ortgage..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
P a id matured shares ................................................................................
P aid savings shares ..................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s .........................
P aid borrow ed money and prior m ortgages......................................
P aid interest on borrow ed m oney and prior m ortga ges.............
P a id salaries and clerk-h ire...................................................................
P aid advertising, printing and posta ge............................................
P aid r e n t ........................................................................................................
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, etc........................................................................
P aid banking department, exam ination ............................................
P aid banking department, a ssessm en t...............................................
Advances fo r taxes, insurance, etc.......................................................
Recording fees .. . . ....................................................................................
Loan expense secu rity................................................................................
Suspense account ......................................................................................
Office e x p e n s e s .............................................................................................
Miscellaneous items ..................................................................................
Cash on hand December 31, 1913.........................................................

$352,811
38,026
41, 377
15, 022
226, 670
6,3 12
125,900
1 ,0 0 0
6, 580
338
940
88
272
178
99
1,141
1 ,294
8, 097
3, 034
364
673
1,163

07
05
00
00
37
62
00
30
00
99
01
36
93
75
54
94
50
85
17
25
95
61

$831,388 26
Plan, permanent. P a r value of shares, $200. Instalm ents are $1 per
month. Shares in force January .1, 1913, 24,870; shares issued during the
year, 10.370; shares w ithdraw n during the year, 2,312; shares in force,
32,928. B orrow ing members, 382, holding 6,901 shares; non-borrow ing mem­




246

R eport on S avin gs a n d L oan A ssociations .

bers, 2,327, holding 26,027 shares. N o record of female shareholders. T otal
dividends credited members during the year on instalm ent shares, $20,247.74;
rate, 6 per cent. T ota l dividends credited or paid in cash to members during
the year on other shares, $42,828; rate, 5 per cent. T otal dividends forfeited
by w ithdraw ing members during the year, $266.69.
N o unpaid w ithdraw als. A m oun t of shares matured during the year,
$15,22. Operating expenses, as defined in section 227 o f the Banking Daw,
incurred and paid during the year, $8,846.85. Unpaid, none.
Prem ium plan, instalment. Interest paid by borrow ing members, 6 per cent.
Prem ium paid by borrow ing members, 32 cents per share.
Loans have been made in K ings, Nassau, New Y ork, Queens, Richm ond,
Rockland and W estchester counties, New Y ork State, and in New Jersey.
L argest m ortgage loan outstanding, $12,750. M ortgages in force in New Y ork
State, $1,009,895.61. N o foreclosures during the year.

SA FETY CO-OPERATIVE BUILDING, LOAN AND SAVINGS
ASSOCIATION OF N E W YORK CITY.
No. 218 East Tw enty-sixth street, N ew Y ork, N. Y .
[Organized under Law o f 1851.
Officers.
P r e s id e n t .....................
Treasurer .....................
A tto r n e y .......................

Commenced business 1888.]

Names.
Post-office addresses.
HALSTEAD H. FROST, JR.......................
141 Broadway.
ROBERT G. H U NTER................................. 417 F ifth Avenue.
HALSTEAD H. FROST, J r . ...................... 141 Broadway.

ASSETS.
Cash on hand and in b a n k .......................................................................

$18 00

LIA B IL IT IE S.
Due shareholders, instalm ent shares...................................................

$18 00

RECEIPTS.
Cash on hand January 1, 1913...............................................................

$18 00

DISBURSEM ENTS.
Cash on hand December 31, 1913..........................................................

$18 00

Plan, serial-permanent. P a r value of shares, $250. Instalm ents are 25
cents m onthly.
Shares in force January 1, 1913, 18; shares issued during the year, n one;
shares w ithdraw n durin g the year, n one; shares in force, 18. N on-borrow ing
members, 9, holding 18 shares. Fem ale shareholders, .1, holding 2 shares.
N o m ortgage loans outstanding.

SCANDINAVIAN BUILDING AND MUTUAL LOAN ASSOCIATION OF
N E W YORK AND BROOKLYN.
No. 207 East F ifty-sixth street, New Y ork, N. Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t............ ... ....
Secretary ....................
Treasurer ..................
A ttorney .....................




Commenced business 1888.]

Names.
AUGUST HALLBLOM......................
CHARLES G. ED L IN G ....................
ALBERT HANSEN .........................
CHARLES W. LEEM AN..................

46
64
207
375

Post-office addresses.
Vese.v Street.
W hite Street.
E ast 56th Street.
Fulton St., Brooklyn.

Y e w Y ork C o u n t y .

247

ASSETS.
Loans on bond and m ortga ge................................................................
Loans on shares...........................................................................................
Contracts fo r the sale o f real esta te...................................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .......................................................................
Interest, premium, fees and fines due and u n p a id ...........................
Advances fo r taxes, insurance, etc.................................................. ' .

$8 ,01 8
630
1,000
4 ,5 27
280
244
134

80
00
00
88
57
13
59

$14,835 97
L IA BILITIES.
Due shareholders, instalm ent shares...................................................
D ividends credited ....................................................................................
Due shareholders, m atured shares........................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............

$9,020
2, 129
3,0 34
229
421

65
30
70
63
69

$14,835 97
REC EIPTS.
Cash on hand January 1, 1913................................................................
Dues on instalment shares credited to m em bers............................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares re p a id ..............................................................................
Interest r e c e iv e d .........................................................................................
Advances repaid .........................................................................................

$416
822
1,025
125
558
3

13
00
00
00
25
25

$2,949 63
DISBURSEM ENTS.
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s . . .
P aid matured s h a r e s ................................................................................
Dividends paid on w ithdraw al, or applied on loa n s......................
P aid fo r real esta te....................................................................................
P aid salaries and clerk-hire...................................................................
P aid advertising, printing and p osta g e ..............................................
P aid rent ......................................................................................................
P aid taxes, insurance, etc.............................................................
P aid banking department, exam ination .............................................
P aid banking department, a ssessm en t..............................................
Officers’ bonds .............................................................................................
M iscellaneous items ..................................................................................
Cash on hand December 31, 1913..........................................................

$150
366
1, 811
43
73
60
10
38
69
25
1
12
7
280

00
00
91
84
50
00
50
75
11
12
28
00
05
57

$2,949 63

Plan, permanent. P ar value o f shares, $200. Instalm ents are $1 monthly.
Shares in force January 1, 1913, 139; shares issued during the year, 5 ;
shares w ithdrawn during the year, 14; shares in force, 130. B orrow ing mem­
bers, 4, holding 40 shares; non-borrow ing members, 15, holding 90 shares.
Fem ale shareholders, 3, holding 29 shares. T otal dividends credited members
during the year on instalm ent shares, $413.74; rate, 4 per cent.
N o unpaid w ithdrawals. Am ount of shares matured during the year,
$1,418.99. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during th e year, $128.30. Unpaid, none.




248

R eport on S avin g s a n d L oan A ssociations .

N o premium plan. Interest paid by borrow ing members, 6 per cent. N o
prem ium charged.
Loa'ns have been made in Bronx, Rockland and W estchester counties, New
Y ork State, and in N ew Jersey. Largest m ortgage loan outstanding, $3,800.
M ortgages in force in New Y ork State, $421,880. N o foreclosures during the
year.

SERIAL BUILDING, LOAN AND SAVINGS INSTITUTION.
No. 195 Broadw ay, New Y ork, N. Y .
[Organized under Law of 1851.
Ofacers.
P r e sid e n t......................
Secretary ....................
A ttorney .....................

Commenced business 1885.]

Names.
Post-office addresses.
A. G. SAYLOR...................................................... 195 Broadway.
EDW IN F. HOW ELL........................................ 253 Broadway.
JOHN T. M ULHALL..........................................
206 Broadway.

ASSETS.
Loans on bond and m ortg a g e.................................................................
Loans on shares......................................................................................... ..
C ontracts for the sale o f real esta te ...................................................
R eal estate ....................................................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtu res..............................................................................
Advances for taxes, insurance, etc.........................................................

$669, 450
10,367
9 ,3 72
14, 965
14, 901
400
3 ,6 40

52
00
44
38
27
00
25

$723,096 86
L IA BILITIES.
Due shareholders, instalm ent shares...................................................
Due shareholders, savings shares..........................................................
Due shareholders, incom e shares............................................................
Due shareholders, juvenile savings shares........................................
D ividends credited .....................................................................................
Balance to be paid borrow ers on m ortgage lo a n s ...........................
P rio r m ortgages .........................................................................................
B orrow ed money .........................................................................................
Earnings undivided ...................................................................................
Contingent fund ( as per section 225 o f Banking L a w ) .............
M a tu rity f u n d ..............................................................................................

$155,082
175,127
256,000
1,423
4 7,962
16,235
.16, 500
14, 200
12, 486
27, 500
580

00
00
00
50
10
80
00
00
20
00
26

$723,096 86
RECEIPTS.
Cash on hand January 1, 1913...............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on savings shares............................................................................
D ues on income shares..............................................................................
Dues on juvenile savings shares............................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id .....................................................................
R eal estate s o ld ............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
Advances repaid ........... .............................................................................
M iscellaneous items ...................................................................................




$12,161
41, 420
122, 003
49 ,90 0
1, 102
5 ,0 0 0
41, 187
6 ,0 37
513
36, 609
467
3, 352
143

45
00
00
00
10
00
53
00
78
20
69
56
78

$ 3 1 9 ,8 9 8 09

249

!Ne w Y ork C o u n t y .
DISBURSEM ENTS.
Loaned on m ortga ge..................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s . . .
P aid savings s h a r e s ..................................................................................
P a id incom e shares ............................•.....................................................
P a id juvenile savings shares...................................................................
D ividends paid on w ithdraw al, or applied on loa n s......................
Cash dividends paid on income and accum ulative prepaid
s h a r e s ..........................................................................................................
P a id borrow ed m oney and prior m ortga ges......................................
P aid interest on borrow ed money and prior m ortga ges................
P a id salaries and clerk-h ire..................................................................
P aid advertising, printing and posta ge...............................................
P aid rent ......................................................................................................
P a id taxes, insurance, etc........................................................................
P a id banking departm ent, assessm ent...............................................
Advances fo r taxes, insurance, e t c ........................................................
R eal estate con tra cts................................................................................
M iscellaneous expenses ............................................................................
Office furnishings .......................................................................................
Cash on hand December 31, 1913..........................................................

$125, 359 47
11,335 00
44, 743 00
53, 675 00
2 9 ,10 0 00
838 70
9, 691 67
11, 039 12
5, 900 00
1,302 64
4, 483 00
899 26
250 00
288 62
50 62
5 ,3 3 5 16
9*7 90
547 66
60 00
14,901 27
$319,898 09

Plan, permanent. P a r value of shares, $100 and $200. Instalm ents are $1
m onthly.
Shares in force Janu ary 1, 1913, 12,384; shares issued during the year,
6,530; shares w ithdraw n during the year, 3,319; shares in force, 15,595. B or­
row ing members, 211, holding 1,562 shares; non-borrow ing members, 1,841,
holding 14,033 shares. Female shareholders, 698, holding 5,134 shares. Total
dividends credited members during the year on instalm ent shares, $8,338.91;
rate, 5.625 per cent. T ota l dividends credited or paid in cash to members
during the year on other shares, $18,698.31; rate, 4 per cent, and 5 per cent.
N o unpaid withdraw als. A m ount of shares m atured during the year, $6,600.
Operating expenses, as defined in section 227 of the B anking Law, incurred and
paid during the year, $6,179.92. Unpaid, none.
Prem ium plan, instalm ent. Interest paid b y b orrow in g members, 6 per
cent. N o prem ium charged.
Loans have been made in Bronx, K ings, Nassau, N ew Y ork, Queens, R ich ­
m ond, R ockland, Suffolk and W estchester counties, N ew Y ork State, and in
New Jersey. Largest m ortgage loan outstanding, $6,700. M ortgages in force
in N ew Y ork State, $302,567.68. One foreclosure during the year.

SHERMAN PARK BAU-VEREIN No. i.
No. 222 East Forty-second street, New Y ork, N. Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer.....................
A ttorn eys.....................

Commenced business 1892.]

Names.
Post-office addresses.
ERNST PROBST ................................... 246 E ast 57th Street.
JOHN EISENH AUER .......................... 244 E a st 30th Street.
MARTIN W E IS S ....................... ............... Sherman Park. N. Y.
BARRETT & BU C K BEE.......................
W hite Plains, N. Y.

ASSETS.
Loans on bond and m ortga ge...................................................................
Cash on hand and in b a n k .......................................................................




$ 6,800 00
2, 523 89
$9,323 89

250

R eport on S avin g s an d L oan A ssociations .
LIABILITIES.

Due shareholders, instalm ent shares...................................................
D ividends credited ....................................................................................
E arnings undivided ...................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............
Unearned or rebatable prem iu m ............................................................

$6,012
2 ,0 82
895
201
133

09
30
04
29
17

$9 ,32 3 89
RECEIPTS.
Cash on hand January 1, 1913................................................. , ...........
Dues on instalm ent shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on. shares re p a id ..............................................................................
Fees r e c e iv e d ................................................................................................
In terest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................

$ 3 ,84 3
1, 149
1,400
400
2
356
95

78
66
00
00
00
80
00

$7,247 24
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. .
D ividends paid on w ithdraw al, or applied on loans . . .. ............
Cash dividends paid on incom e and accum ulative prepaid

$1,600 00
2, 207 73
801 27

shares............................................................................................

30 00

P aid
P aid
P aid
P aid
Cash

salaries and clerk-hire .................................................................
advertising, printing and p osta g e.............................................
banking departm ent, exam in ation .............................................
banking department, assessm ent...............................................
on hand December 31, 1913..........................................................

50 00
18 32
1516
87
2 ,5 23 89
$7,247 24

Plan, serial. P ar value of shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 104; shares issued during the year, 6;
shares w ithdraw n during the year, 9 ; shares in force, 101. B orrow in g mem­
bers, 7, holding 26 shares; non-borrow ing members, 28, holding 75 shares.
Fem ale shareholders, 3, holding 16 shares. T otal dividends credited members
during the year on instalm ent shares, $395.11; rate, 7 per cent.
T otal
dividends credited or paid in cash to members during the year on other
shares, $30; rate, 5 per cent.
N o unpaid w ithdraw als. Entrance or mem bership fee, $1 per member.
O perating expenses, as defined in section 227 o f the B anking Law, incurred
and paid during the year, $68.32. Unpaid, none.
Prem ium plan, gross. In terest paid by borrow in g members, 6 per cent.
Prem ium paid by borrow ing members, 10 per cent.
Loans have been made in W estchester county, New Y ork State. Largest
m ortgage loan outstanding, $1,400. M ortgages in force in New Y ork State,
$6,800. N o foreclosures during the year.

STAR

CO-OPERATIVE BUILDING AND

LOAN

ASSOCIATION.

N o. 257 B roadw ay, New Y ork, N. Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ...................
Attorney .....................




Commenced business 1888.]

Names.
GEORGE H. P H IL L IP S .........................
CHRISTIAN PE T E R SE N ......................
CHRISTIAN P E T E R S E N ....................
JAMES M. TULLY .................................

Post-office addresses.
432 Central Park, W.
247 Broadway.
247 Broadway.
271 Broadway.

N ew

Y ork

C ounty.

ASSETS.
Loans and bond and m ortg a g e ..............................................................
Contracts fo r the sale o f real esta te...................................................
Real e s t a t e ....................................................................................................
Cash on hand and in b a n k .......................................................................
Furniture and fixtures ...........................................................................

251

$23,5 0 0
2, 500
1,597
380
10

00
00
71
71
75

$27,989 17
L IA BILITIES.
Due shareholders, instalm ent shares...................................................
D ividends credited .................................
Due shareholders, matured shares .....................................................
P rior m ortgages .........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225-of B anking L a w ) ................
Suspended accounts ..................................................................................

$9 ,81 4
5 ,1 30
1,099
10, 000
311
1,578
54

97
79
86
00
29
11
15

$27,989 17
RECEIPTS.
Cash on hand January 1, 1913..............................................................
Dues on instalm ent shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Interest received .........................................................................................
Prem ium received ....................................................................................
R ent r e c e iv e d .........................1....................................................................
Reverted d iv id e n d s .....................................................................................

$455 55
1,057 72
1,750 00
738 17
218 24
185 00
62 42
$4,467 10

DISBURSEM ENTS.
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
Paid matured shares ................................................................................
Dividends paid on withdraw al, or applied on lo a n s....................
P aid salaries and clerk -h ire...................................................................
P aid advertising, printing and posta ge...............................................
P aid rent ......................................................................................................
P aid repairs to real esta te.......................................................................
Paid taxes, insurance, e t c .........................................................................
P aid banking department, exam in ation ...............................................
P aid banking department, assessm ent.................................................
Officers’ bonds .............................................................................................
N otary f e e s ...................
A u d it o r s .........................................................................................................
Trustees’ f e e s ................................................................................................
S e a rch in g ........................................................................................................
Legal expenses ...........................................................................................
Suspended accounts ..................................................................................
Cash on hand December 31, 1913........................................................

$1,052 00
1, 024 06
1 ,4 43 42
350 00
210
24 00
21 30
40 91
9 75
2 40
20 00
2 00
20 00
6 00
1 00
30 00
37 45
380 71
$4,467 10

Plan, permanent. P ar value o f shares, $200 and $250. Instalm ents are $1
m onthly.
Shares in force Janu ary 1, 1913, 145; shares issued during the year, 5;
shares w ithdraw n during the year, 2 1 ; shares in force, 129. B orrow ing
members, 6, holding 46 shares; non-borrow ing members, 20, holdin g 83 shares.
N o record o f female shareholders. Total dividends credited members during
the year on instalm ent shares, $1,598.67; rate, 9
per cent. Total dividends
forfeited by w ithdraw ing members during the year, $62.42.




252

R eport on S a vin g s an d L oan A ssociations .

N o unpaid w ithdraw als. A m ount o f shares m atured during the year,
$1, 317 14. O perating expenses, as defined in section 227 o f the Banking Law ,
incurred and paid durin g the year, $424.10. Unpaid, none.
Prem ium plan, instalment. Interest paid b y borrow ing members, 5 % per
cent. Prem ium paid by b orrow in g members, 6 cents t o 10 cents per week
per share.
Loans have been made in New Y ork county, New Y ork State, and in New
Jersey. Largest m ortgage loan outstanding, $4,000. M ortgages in force in
N ew Y ork State, $2,000. N o foreclosures during the year.

STEAMSHIP CLERKS’ SAVINGS AND LOAN ASSOCIATION.
P ier 14, E ast R iver, N ew Y ork City.
(Organized under Law of 1910.
Officers.
President
SecretaryTreasurer
A ttorn ey.

Commenced business 1911.]

Names.
HENRY E. de B E D T S ...
NAT. E. FARNHAM .........
JOHN J. HARRINGTON.
MARTIN S . COHEN___

Post-office addresses.
4092 Ferris St., Woodhaven, L. I.
640 Monroe Ave., Elizabeth, N. J.
307 W. 126th Street.
302 Broadway.

ASSETS.
Loans on bond and m ortga ge.................................................................
Loans on shares .........................................................................................
Stocks and b on d s.........................................................................................
Cash on band and in b a n k .....................................................................
F urniture and fixtu res..............................................................................
Interest, premium, fees and fines due and u n p a id .........................

$10,0 0 0
7 ,7 4 5
3, 150
1,180

00
27
00
10
50
163 84

$22,239 71
LIA BILITIES.
Due shareholders, instalm ent shares...................................................
D ue shareholders, savings shares ........................................................
D ue shareholders, accum ulative prepaid shares.............................
Due shareholders, incom e shares..........................................................
D ue shareholders, ju ven ile savings shares ......................................
D ividends credited .....................................................................................
E arnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) .............

$17,545
1, 669
1, 125
200
183
409
1 ,066
40

98
03
00
00
00
66
72
32

$22,239 71
RECEIPTS.
Cash on hand January 1, 1913...............................................................
Dues on instalm ent shares credited to m em bers.........................
Dues on savings shares ..........................................................................
Dues on accum ulative prepaid shares.................................................
Dues on income shares..............................................................................
Dues on juvenile savings shares..........................................................
M ortgages redeemed, foreclosed o r transferred to real e s t a t e ..
Loans on shares repaid ..........................................................................
Fines received ..............................................................................................
In terest r e c e iv e d .........................................................................................
D eposit w ith application fo r lo a n ........................................................
Sale o f safe ..................................................................................................
R everted d iv id e n d s .....................................................................................
Sale o f b o n d s ................................................................................................




$566 92
9, 403 55
599 96
75 00
100 00
167 00
400 00
16,921 96
22 69
1,0 98 75
30 00
40 00
17 19
1,003 75
$30,446 77

253

N e w Y ork C o u n t y .
D IS B U R S E M E N T S .

Loaned on m ortgage ................................................................................
Loaned on shares ......................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on loa n s. . . .
P aid savings s h a r e s ..................................................................................
P aid accum ulative prepaid shares .....................................................
D ividends paid on w ithdraw al, or applied on loa n s......................
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P aid borrow ed money and prior m ortgages......................................
P aid interest on borrow ed m oney and p rior m ortgages................
P aid salaries and clerk-hire.....................................................................
P aid advertising, printing and posta ge.............................................
P aid banking departm ent, exam ination ..........................................
P aid banking department, assessm ent.................................................
Officers’ bonds .............................................................................................
M etropolitan and State League dues and expenses......................
Safe deposit b o x ...........................................................................................
Deposits w ith applications for lo a n s ...................................................
Cash on hand December 31, 1913.......................................................

$3 ,00 0 00
17, 684 23
4 ,3 9 0 00
1,078 09
750 00
119 62
51
2 ,0 0 0
23
15
35
39
1
20
23
5
30
1,180

83
00
55
00
80
00
55
00
00
00
00
10

$30,446 77
Plan, permanent. P a r value of shares, $200. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1913, 882; shares issued durin g the year, 278;
shares w ithdraw n during the year, 316; shares in force, 844. Borrow ing
members, 82, holding 432 shares; non-borrow ing members, 55, holding 412
shares. Female shareholders, 19, holding 98 shares. T otal dividends credited
members during the year o"n instalment shares, $320.07; rate, 4 per cent.
T ota l dividends credited or paid in cash to members during the year on other
shares, $132.28; rate, 4 per cent. Total dividends forfeited by w ithdraw ing
members during the year, $17.19.
N o unpaid withdraw als. Operating expenses, as defined in section 227 of
the B anking Law , incurred and paid during the year, $98.80. Unpaid, none.
N o premium plan. Interest paid by borrow ing members, 6 per cent. N o
prem ium charged.
Loans have been made in W estchester county, New Y ork State and in New
Jersey. Largest m ortgage loan outstanding, $3,500. M ortgages in force in
New Y ork State, $3,500. N o foreclosures during the year.

TEACHERS’ BUILDING AND LOAN ASSOCIATION OF N E W YORK CITY.
N o. 156 F ifth avenue, New Y ork, N . Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1888.]

Names.
JOHN F. W ATERS.................................
JOSEPH C. COOPER............................
SAMUEL MCC. CROSBY.......................
MAXWELL HALL ELLIO TT..............

ASSETS.
Loans on bond and m ortga ge....................................
Loans on shares ............................................................
Contracts fo r the sale of real estate....................
Real estate .......................................................................
Cash on hand and in b a n k ........................................
Interest, premium, fees and fines due and unpaid
Advances fo r taxes, insurance, e t c ...........................




Post-office addresses.
156 F ifth Avenue.
156 F ifth Avenue.
156 F ifth Avenue.
277 Broadway.
$392,803
10,299
5,2 13
119,334
6,241
5 ,1 75
81

76
00
56
00
32
90
74

$ 539,149 28

254

R eport o x S avin gs a n d L oan A ssociatio ns .
L IA B IL IT IE S .

Due shareholders, instalm ent shares ..................................................
D ividends credited ..................................................................................
Due shareholders, m atured shares ......................................................
P rio r mortgages .........................................................................................
E arnings undivided ..................................................................................
Contingent fund (as per section 225 of B anking L a w ) .............
A ppraisal ‘ deposits .....................................................................................
Incom e shares ..............................................................................................
In divid ual accounts ..................................................................................
U ndivided profits .......................................................................................

$320,927
57,066
66,690
60, 000
3,5 13
21, 353
20
7 ,8 0 0
873
906

00
24
00
00
46
05
00
00
40
13

$539,149 28
R E C E IP T S .

Cash on hand Janu ary 1, 1913..............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on income shares..............................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, forclosed or transferred to real estate. . . .
Loans on shares repaid ..........................................................................
Real estate sold .........................................................................................
Fees received ................................................................................................
Fines r e c e iv e d .............................................................................................
Interest received .........................................................................................
Prem ium received ....................................................................................
R ent received ..............................................................................................
Advances repaid .........................................................................................
Suspense account .......................................................................................
In dividual accounts ..................................................................................
M isce lla n e o u s................................................................................................
A ppraisal deposits .....................................................................................
Land contracts ...........................................................................................
DISBURSEM ENTS.
Loaned on m ortgage ................................................................................
Loaned on shares.........................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s .. . .
P a id m atured shares ................................................................................
P aid income shares ...................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s....................
Cash dividends paid on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P a id borrow ed m oney and prior m ortga ges......................................
P a id interest on borrow ed m oney and prior m ortga ges.............
P a id for real e s t a t e ..................................................................................
P a id salaries and clerk-hire ................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id r e n t ........................................................................................................
P a id repairs to real esta te.....................................................................
P a id taxes, insurance, e t c . . . . ; ............................................................
P a id banking departm ent, exam ination ..........................................
P aid banking departm ent, assessm ent...............................................
Advances for taxes, insurance, e tc .....................................................
Contingent f u n d ..........................................................................................
A ppraisal e x p e n s e s .....................................................................................
Suspense account .......................................................................................
Expense account .........................................................................................
Real estate contracts ..............................................................................
Cash on hand December 31, 1913........................................................




■ --------

$23,896
60, 102
200
7 ,5 00
26, 585
2 ,0 0 6
11, 652
58
14
20, 883
855
5,337
97
281
320
7
36
166

55
00
00
00
00
00
00
00
07
19
40
11
94
00
00
05
50
44

$159,998 25
------ $58, 300 00
6,645 00
25,918 00
21, 607 00
1,800 00
1,833 52
3, 212
12,500
3, 260
3, 822
2 ,3 6 4
39
450
1 ,512
2, 035
52
42
104
2 ,2 9 4
65
10
538
5, 350
6,2 41

90
00
33
00
56
00
00
05
61
00
22
22
50
25
00
77
00
32

$ 1 5 9 ,9 9 8 25

255

N e w Y ork C o u n t y .

Plan, serial. P ar value of shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 5 ,6 7 4 ; shares issued during the year, 474;
shares withdraw n during the year, 817; shares in force, 5,331; B orrow ing
members, 58, holding 516 shares; non-borrow ing members, 809, holding 4,815
shares. Fem ale shareholders, 757, holding 4,223 shares, 'io ta l dividends
credited members during the year on instalm ent shares, $12,987.31; rate, 4
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $3,212.90; rate, 4 per cent. Total dividends forfeited
by w ithdraw ing members during the year, $1,015.34.
Iso unpaid w iuiuiaw als. Am ount oi snares m atured during the year,
$10,080. Entrance or membership fee, $1 per member. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year; $3,392.33.
Unpaid, none.
Prem ium plan, instalm ent. Interest paid by borrow ing members, 5 per
cent., and 6 per cent. Prem ium paid by borrow ing members, 20 cents to 30
30 cents per share.
Loans have been made in K ings, New Y ork, Queens, R ockland and W est­
chester counties, New Y ork State, and in New Jersey. L argest m ortgage
loan outstanding, $16,000. M ortgages in force in New Y ork State, $206,570.
One foreclosure during the year.

TEACHERS’ CO-OPERATIVE BUILDING AND LOAN ASSOCIATION OF
THE CITY OF N E W YORK.
No. 166 East Sixtieth street, New Y ork, N. Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ...................
Attorney .....................

Commenced business 1888.]

Names.
JOSEPH G. FU R EY .................
MAGNUS GROSS .......................
JOHN R. ROSS.............................
F. C. LEUBUSCH ER................

Post-office addresses.
3035 Ocean Ave., Brooklyn.
020 West 179th Street.
Fordham Square, Bronx.
258 Broadway.

ASSETS
Loans on bond and m ortga ge.........................
Loans on shares ...............................................
Contracts for the sale o f real esta te.........
Real estate .........................................................
Cash on hand and in b a n k .............................
Furniture and fixtures ....................................
Advances for taxes, insurance, e t c ..............

$135,470 00
1,762 00
3 ,3 70 00
6, 700.00
4 ,6 80 11
150 00
48 00
$152,180 11

LIA B IL IT IE S.
Dues shareholders, instalm ent shares...............................................
D ividends credited ..................................................................................
Due shareholders, m atured shares........................................................
Balance to be paid borrow ers on m ortgage loa n s.........................
Borrow ed money ......................................................................................
Earnings undivided . ...............................................................................
Contingent fund (as per section 225 of Banking L a w ) ...........
Suspense account .....................................................................................

$87,913
16,397
26, 640
3,600
8 ,0 60
769
8 ,000
800

00
54
00
00
00
57
00
00

$152, 180 11
RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalment shares credited to m em bers...........................
M oney borrowed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real estate.




$5,016
2 1 ,09 0
4 ,1 80
36, 680

11
00
00
00

256

R eport on S ayin g s an d L oan A ssociations .

Loans on shares re p a id ................................................
R eal estate sold ........................................................................................
Fees r e c e iv e d ................................................................................................
Fines received .......................
Interest received .......................................................................................
Prem ium received .....................................................................................
R ent r e c e iv e d ...............................................................................................
Advances repaid ........................................................................................
Real estate contract ..............................................................................
Reserved dividends ..................................................................................
P rofit and loss to dividend a ccou n t...................................................

$3,300
300
40
48
6,411
499
600
76
70
208
4 ,8 5 6

00
00
25
66
11
37
00
00
00
92
54

$83,376 96
DISBURSEM ENTS
Loaned on m ortgage ................................................................................
Loaned on shares .....................................................................................
•Instalment dues repaid on w ithdraw al, or applied on lo a n s ...
P aid m atured shares ......................
D ividends paid on w ithdraw al, or applied on loa n s....................
P a id interest on borrow ed money and p rior m ortga ges...........
P a id salaries and clerk-h ire...................................................................
P a id advertising, printing and p osta ge...........................................
P a id r e n t .......................................................................................................
P aid repairs to real estate ...................................................................
P aid taxes, insurance, e t c .......................................................................
P a id hanking departm ent, exa m in a tion ..........................................
P aid hanking departm ent, assessm ent.............................................
Officers’ bonds and general expenses.................................................
Advances fo r taxes, insurance, e t c .....................................................
Legal services ...............
Suspense account .......................................................................................
D ividend account ......................................................................................
R eal estate account ................................................................................
Cash on hand December 31, 1913..........................................................

$25,000
1, 925
33,959
240
9 ,6 72
238
1, 683
86
200
13
8
39
13
95
100
250
16
4, 856
300
4 ,680

00
00
00
00
96
50
27
50
00
20
35
47
05
01
00
00
00
54
00
11

$83,376 96
Plan, serial. P ar value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1913, 1,881; shares issued during the year, 571;
shares w ithdraw n during the year, 668; shares in force, 1,784. B orrow ing
members, 32, holding 509 shares; non-borrow ing members, 269, "holding
1,275 shares. Fem ale shareholders, 236, holding 1,148 shares. T ota l div i­
dends credited members during the year on instalm ent shares, $4,859.54;
rate, 4 per cent. T ota l dividends forfeited by w ithdraw ing members during
the year, $208.92.
N o unpaid w ithdraw als. A m ount o f shares m atured during the year,
$26,922.04. Entrance or membership fee, $1 per member. Operating ex­
penses, as defined in section 227 of the Banking Law , incurred and paid dur­
in g the year, $2,064.78. Unpaid, none.
Prem ium plan, instalment. Interest paid by borrow ing members, 5 per
cent, and 6 per cent. Prem ium paid by b orrow in g members, 25 cents per
m onth per share.
Loans have been made in K ings, New Y ork, Queens and W estchester coun­
ties, N ew Y ork State, and in New Jersey. Largest m ortgage loan outstand­
ing, $16,480. M ortgages in force in New Y ork State, $129,470. N o fore­
closures during the year.




N ew

Y ork

257

C ounty.

UNION SQUARE PERMANENT CO-OPERATIVE BUILDING AND LOAN
ASSOCIATION.
M etropolitan Building, No. 1 M adison avenue, New Y ork, N. Y.
[Organized under Law of 1851.
Officers.
P r e sid e n t.....................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1888.]

Names.
JOHN W. GRIMMER...........................
JOHN A. ENGLERT...........................
GEORGE S. LANGDON....................
WILLIAM LANGDON..........................

Post-office addresses.
240 E ast 20th Street.
,1 Madison Avenue.
1 Madison Avenue.
2 Rector Street.

ASSETS.
Loans on bond and m ortgage ............................................................
Contracts for the sale of real esta te.................................................
Cash on hand and in b a n k ....................................................................
..............................................................
Furniture and fixtures .........1

$31, 350
1,743
4,491
250

00
08
63
00

$37,834 71
L IA BILITIES.
Due shareholders, instalm ent shares...................................................
Due shareholders, income shares.........................................................
D ividends credited ..................................................................................
Earnings undivided ................................................................................
Contingent fund (as per section 225 of Banking L a w ) .............

RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.............................
Dues on income shares .........................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
Interest r e c e iv e d ........................................................................................
Prem ium received ....................................................................................
Rent r e c e iv e d ...............................................................................................
Advances repaid .......................................................................................
A ppraisers’ fees ........................................................................................
DISBURSEMENTS.
Loaned on m ortgage ...............................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
P aid income shares .................................................................................
Dividends paid on w ithdraw al, or applied on loa n s....................
Cash dividends paid on income and accum ulative prepaid
shares .......................................................................................................
P aid salaries and clerk-hire ................................................................
P aid advertising, printing and postage ..........................................
P aid rent .....................................................................................................
P aid banking department, exam ination ..........................................
P a id banking department, assessment ............................................
Officers’ bonds ...........................................................................................
Advances for taxes, insurance, e tc .....................................................
Appraisers’ fees ........................................................................................
I n s u r a n c e ......................................................................................................
Sundry expenses . . . . , , ............................................................................
Cash on hand December 31, 1913.......................................................

$18,425
12, 650
4,599
1,190
969

-------

42
00
63
44
22

$37,834 71
■■■ .....—
$2,503
5,269
4, 100
5 ,7 50
1, 728
820
103
20
8

63
35
00
00
01
23
00
00
60

$20,302 82
= ;■ ■ . ,
=
r
$3,000
7,461
2, 600
1,380

00
92
00
67

556 25
420 00
40 75
275 04
13 10
311
10 00
20 00
8 60
2 00
19 75
4,491 63
$20,302 82

9




258

R eport o x S avin gs an d L oan A ssociations .

Plan, permanent.
P ar value of shares, $200. Instalm ents are $1
m onthly.
Shares in force January 1, 1913, 497; shares issued during the year, 8 0 ;
shares w ithdrawn during the year, 54; shares in force, 523. B orrow ing mem­
bers, 18, holding 125 shares; non-borrow ing members, 96, holding 398 shares.
Fem ale shareholders, 29, holding 103 shares. T otal dividends credited mem­
bers during the year on instalm ent shares, $1,149.71; rate, 5 per cent.
T ota l dividends credited or paid in cash to members during the year on
other shares, $556.25; rate, 5 per cent.
X o unpaid w ithdraw als. O perating expenses, as defined in section 227 of
the B anking Law , incurred and paid during the year, $767.54. Unpaid,
none.
Prem ium plan, premium-interest. Interest paid by borrow ing members, 5
per cent. Premium paid by borrow in g members, 40 cents per share.
Loans have been made in K in gs, Queens, R ockland and W estchester' coun­
ties, X ew Y ork State, and in New Jersey.
Largest moragage loan ou t­
standing, $3,000. M ortgages in force in X ew Y ork State, $28,350. X o fore­
closures during the year.

W E S T END CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
(Permanent.)
N o. 271 W est 125th street, New Y ork, N. Y.
[Organized under Law o f 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1887.]

Names.
FREDERICK HULBERG .................
P H IL IP E. DOLAN..........................
ISAAC W. COLE....................... . . . .
WILLIAM LANGDON........................

Post-office addresses.
265 W est 125th Street
271 W est 125th Street.
654 W est 142d Street.
2 Rector Street.

ASSETS.
Loans on bond and m ortga ge..............................................................
Loans on shares .......................................................................................
Real estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtures ............................................................................
Interest, premium, fees and fines diie and u n p a id .......................

$11,875
40
6, 697
189
125
258

00
00
39
00
00
99

$19,185 38
LIA B IL IT IE S.

-------

Due shareholders, instalm ent shares................................................
D ividends credited ...................................................................................
Due shareholders, matured shares .....................................................
Borrow ed money ........................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 o f Banking L a w ) ...........

$12,836
448
2 ,7 5 0
2, 500
225
425

RECEIPTS.
Cash on hand January 1, 1913............................................................
Dues on instalm ent shares credited to m em bers.............................
M ortgages redeemed, foreclosed or transferred to real esta te.
Fines received ...........................................................................................
Interest received .......................................................................................
Prem ium received ....................................................................................
R ent received ............................................................................................
Safe sold .......................................................................................................

$19,185 38
— ^
$319 95
1,609 00
3, 000 00
12 00
669 81
298 47
360 00
150 00




67
60
00
00
11
00

$6, 419 23

N e w Y ork C o u n t y .

259

DISBURSEM ENTS.
Loaned on shares ....................................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ...
P aid matured shares .............................................................................
Cash dividends paid on income and accum ulative prepaid
s h a r e s .........................................................................................................
P aid borrow ed money and prior m ortgages .................................
P aid interest on borrow ed money and prior m ortgages.............
P aid salaries and clerk-hire..................................................................
P aid advertising, printing and p osta ge............................................
P aid r e n t ......................................................................................................
P aid repairs to real estate ..................................................................
P aid taxes, insurance, e t c .......................................................................
P aid banking department, exam ination ..........................................
Paid banking department, assessm ent..............................................
Officers’ bonds ............................................................................................
Safe .................................................................................................................
Insurance ......................................................................................................
L ight ..............................................................................................................
Cleaning and heating office..................................................................
Cash on hand December 31, 1913.......................................................

$40 00
3,4 09 96
1, 000 00
71
500
169
223
66
290
202
147
9
1
4
75
2
6
10
189

25
00
25
50
95
00
29
81
75
80
00
00
58
09
00
00

$6,419 23
Plan, permanent. P ar value of shares, $100 and $250. Instalm ents are
25 cents weekly.
Shares in force January 1, 1913, 2 5 5 % ; shares issued during the year, 2 ;
shares w ithdraw n during the year, 42; shares in force, 215% . B orrow ing
members, 12, holding 4 7% shares; non-borrowing members, 28, holding 168
shares. Female shareholders, 14, holding 61 shares. Total dividends credited
members during the year on instalm ent shares, $519.85; rate, 4 per cent.
A m ount o f filed and unpaid w ithdraw als December 31, 1913, $1,215.51.
Operating expenses, as defined in section 227 of the Banking Law, in­
curred and paid during the year, $603.12. Unpaid, none.
Premium plan, instalment. Interest paid b y borrow in g members, 5 per
cent, and 6 per cent. Prem ium paid by borrow ing members, 2 per cent.
Loans have been made in Bronx, Kings, New Y ork and Queens counties,
New Y ork State. Largest m ortgage loan outstanding, $4,750. M ortgages in
force in New Y ork State, $11,875. N o foreclosures during the year.

W E ST SIDE MUTUAL BUILDING, LOAN AND SAVING ASSOCIATION
OF THE CITY OF N E W YORK.
N o. 267 W est T h irty-fou rth street, N ew Y ork, N . Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t......................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1888.]

Names.
FRANK H. G RAF....................................
ELDRIDGE N. SM ITH...........................
HENRY W. L E IN ....................................
BENJAMIN PATTERSON ..................

Post-office addresses
322 Seventh Avenue
Lynbrook, N. Y.
425 W. 43d Street.
302 Broadway.

ASSETS.
Loans on bond and m ortgage ..............................................................
Real estate ..................................................................................................
Cash on hand and in b a n k ....................................................................
Interest, premium, fees and fines due and u n p a id .........................
Appraisers’ fees ......................................................................................
I n t e r e s t .......................................




$119,650
2 ,2 50
3,3 46
50
6
2

00
66
31
46
80
00

$125,306 23

2G0

.Report on S avin g s an d L oan A ssociations .
LIA B IL IT IE S.

t)u e shareholders, instalm ent shares ................................................
Due shareholders, income shares.......................................................
Due shareholders, matured shares........................................................
Borrow ed money ......................................................................................
Earnings undivided ................................................................................
Contingent fund (as per section 225 of Banking L a w ) ...........

$79, 916
26, 900
5 ,023
5 ,7 00
4,4 62
3 ,3 0 4

15
00
02
00
26
80

$125,306 23
RECEIPTS.
Cash on hand January 1, 1913 ...........................................................
Dues on instalment shares credited to m em bers.............................
Dues on income shares ..........................................................................
M oney borrowed . . .................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
fin e s received ....................................................................... ’. .................
Interest received .......................................................................................
Prem ium received .....................................................................................
Insurance ......................................................................................................
Exchange ......................................................................................................

$451,
28,329
9, 800
22, 900
8, 500
55
5, 728
1,721
10
5

64
35
00
00
00
83
41
04
00
60

$77,501 87
DISBURSEM ENTS.
Loaned on m ortgage ...............................................................................
Instalm ent dues repaid on w ithdraw al, or applied on lo a n s ..
Paid matured shares ................................................................................
P aid income shares ..................................................................................
Cash dividends paid on income and accum ulative prepaid
shares .........................................................................................................
P aid borrow ed money and prior m ortgages .................................
P aid interest on borrow ed m oney and p rior m ortga ges............
P aid fo r real estate ................................................................................
P aid salaries and clerk -h ire................................................................
P a id advertising, printing and p osta ge...........................................
P a id rent .....................................................................................................
P aid taxes, insurance, e t c .....................................................................
P aid banking departm ent, exam ination .............................................
P aid banking departm ent, assessm ent..........................................
Officers’ bonds ...........................................................................................
Advances for taxes, insurance, e t c .....................................................
M etropolitan and State League du es...............................................
A ppraisers’ fees .......................................................................................
Cash on hand December 31, 1913........................................................

$27, 200
18,074
2, 233
3, 600

00
28
64
00

1,032
18, 750
248
2 ,0 78
579
83
100
92
42
8
4
10
11
6
3,346

85
00
88
38
01
67
00
52
25
28
00
00
00
80
31

$77,501 87

Plan, permanent. P ar value of shares, $100 and $200. Instalm ents are
25 cents weekly.
Shares in force January 1, 1913, 2 ,7 8 4 % ; shares issued during the year,
6 6 7 ; shares w ithdraw n during the year, 442; shares in force, 3,009% . B or­
row in g members, 55, holdin g 1,249% shares; non-borrow ing members, 172,
holding 1,760 shares. Fem ale shareholders, 77, holding 954% shares. T ota l
dividends credited members during the year on instalment shares, $4,233.58;
rate, 6 per cent. T ota l dividends credited or paid in cash to members during
the year on other shares, $1,032.85; rate, 5 per cent.
N o unpaid w ithdraw als. Am ount of shares matured during the year, $7.256.66. Operating expenses, as defined in section 227 of the B anking Law,
incurred and paid during the year, $777.68. Unpaid, none.




261

^Niagara C o u n t y .

Prem ium plan, instalment. Interest paid by borrow ing members, 5 1 /5 p er
cent. Prem ium paid by borrow ing members, 2 % per cent, and 3 per cent.
Loans have been made in New York, Queens, Richm ond and W estchester
counties, New Y ork State, and in New Jersey. Largest m ortgage loan out­
standing, $5,300. M ortgages in force in New Y ork State, $36,650. One fore­
closure during the year.

N IA G A R A C O U N TY .
HOME CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
Main street, N orth Tonawanda, N. Y .
[Organized under Law of 1909.
Officers.
P r e sid e n t.....................
Secretary ....................
Treasurer ..................
Attorney .....................

Commenced business 1911.]

Names.
F. A. McCOY.....................................
EDWARD W. M ESSING ..............
li. SM O Y E R .....................................
D. G. O'DAY...................................

Post-office addresses.
North Tonawanda, N. Y.
North Tonawanda, N. Y.
North Tonawanda, N. Y.
Tonawanda, N. Y.

ASSETS.
Loans on bond and m ortga ge..............................................................
Cash on hand and in b a n k ....................................................................
Instalm ents due and unpaid.........................................
$64 50
Interest, premium, tees and fines due and unpaid
30 56

$19,500 00
235 27

$19,735 27
L IA BILITIES.
Due shareholders, instalm ent shares.....................................................
Dividends credited ....................................................................................
Borrow ed m o n e y ......................................................................................
Earnings undivided ..................................................................................
Contingent fund (as per section 225 of Banking L a w ) ................
Sundries ........................................................................................................

$16,344
1, 153
1, 750
309
175
2

50
83
00
69
00
25

$19,735 27
RECEIPTS.
Cash on hand January 1, 1913.’ ............................................................
Dues on instalment shares credited to m em bers............................
M oney borrow ed ........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Fees received ...............................................................................................
Fines received .............................................................................................
Interest r e c e iv e d .........................................................................................
Premium received ......................................................................................
Reverted d iv id e n d s ....................................................................................

$281
12,502
5 ,4 50
1,950
121
25
947
101
118

78
50
00
00
25
01
10
33
31

$21,497 28
DISBURSEMENTS.
Loaned on m ortgage..................................................................................
Instalment dues repaid on w ithdraw al, or applied on loans. . . .
Dividends paid on w ithdraw al, or applied on loa n s......................
Paid borrowed money and prior m ortgages......................................
P aid interest on borrow ed money and prior m ortga ges.............
Paid salaries and clerk-hire..................................................................
P aid advertising, printing and posta ge..............................................
P aid banking department, exam ination ............................................
P aid banking department, assessm ent................................................




$7,800
7, 616
295
5 ,350
51
100
17
22
1

00
00
74
00
15
00
25
00
12

262

R eport o x S avin g s an d L oan A ssociations .

Officers' bonds ..............................................................................................
Suspense account .......................................................................................
Cash on hand December 31, 1913............................................................

$8 00
75
235 27
$21,497 28

Plan, serial. P a r value of shares, $130. Instalm ents are 25 cents weekly.
Shares in force January 1, 1913, 1,005; shares issued during the year, 481;
shares w ithdraw n during the year, 5 61; shares in force, 925. B orrow ing mem­
bers, 17, holding 152 shares; non-borrow ing members, 112, holding 773 shares.
Fem ale shareholders, 26, holdin g 123 shares. T otal dividends credited mem­
bers during the year on instalm ent shares, $941.07; rate, 8 per cent. Total
dividends forfeited by w ithdraw ing members during the year, $118.31.
N o unpaid w ithdraw als. Entrance or membership fee, 25 cent,s per share.
O perating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $125.25. Unpaid, none.
Prem ium plan, instalment. Interest paid by borrow ing members, 15 cents
per week per share. Prem ium paid by borrow ing members, 2 cents per week
per share.
Loans have been made in E rie and N iagara counties, New Y ork State.
Largest m ortgage loan outstanding, $1,950. M ortgages in force in New Y ork
State, $19,500. N o foreclosures during the year.

LOCKPORT SAVING AND LOAN ASSOCIATION.
N o. 6 H odge Opera House B lock, Lockport, N. Y .
[Organized under Law of 1851.
Officers.
P r e sid e n t.....................
Secretary ....................
Treasurer ..................
A ttorney .....................

Commenced business 1888.]

Names.
Post-office addresses.
.JOHN A. MCLAUGHLIN...............................
Lockport, N. Y.
MARK J. T O V E L L ..........................................
Lockport, N. Y.
J. WALTER D U N C A N ...................................
Lockport, N. Y.
CHARLES C. DELUDE...................................
Lockport, N. Y.

ASSETS.
Loans on bond and m ortga ge................................................................
Loans on shares...........................................................................................
Cash on hand and in b a n k .........................................